Types of Trend Channels. There are three types of channels: Ascending channel (higher highs and higher lows) Descending channel (lower highs and lower lows) Horizontal channel (ranging) Some traders […]
Trend Channels. If we take this trend line theory one step further and draw a parallel line at the same angle as the uptrend or downtrend, […]
Types of Trends. There are three types of trends: Uptrend (higher lows) Downtrend (lower highs) Sideways trend (ranging) Here are some important things to remember using trend lines in forex […]
Trend Lines. Trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well. If drawn correctly, […]
More Support and Resistance. Let’s close on more support and resistance. When the price passes through resistance, that resistance might become support. The more often price tests […]
Breaking Support and Resistance. So how do we truly know if support and resistance were broken? There is no definite answer to this question. Some argue […]
Plotting Support and Resistance Levels. Let’s take a look at plotting support and resistance levels. One thing to remember is that support and resistance levels are not […]
What is Support and Resistance? “Support and resistance” is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea […]
The 3 Types of Charts. Let’s review the 3 types of charts. Putting It Together There are several different price charts that traders can use to […]
Bar Chart. A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. Bar charts help a trader see the price range of […]
Types of Price Charts. Let’s take a look at the three most popular types of price charts: Line chart Bar chart Candlestick chart Now, we’ll explain […]
What does a price chart represent? What does a price chart represent? A price chart depicts changes in supply and demand. A chart aggregates every buy and […]
3 Types of Forex Charts and How to Read Them. Let’s look at 3 types of forex charts and how to read them. In order to […]
Being an Effective Trader. In order to become an effective trader, you will need to know how to effectively use these three types of market analysis. […]
Fundamental versus Technical Analysis. What are the principal differences between fundamental versus technical analysis? To recap, technical analysis is the study of currency price movement on the […]
Which Type of Analysis for Forex Trading is Best? Which type of analysis for forex trading is best? Ahhhh, the million-dollar question… Throughout your journey as […]
Bullish or Bearish Sediment. In your analysis, you must decide if the market has bullish or bearish sediment. Then you have to decide how you want to incorporate […]
What is Sentiment Analysis? Let’s take a look at what is sentimental analysis. Sentiment analysis is used to gauge how other traders feel. Whether it’s about the […]
More on fundamental analysis. Let’s take more of a look at fundamental analysis. For example, let’s say that the U.S. dollar has been gaining strength because […]
What is Fundamental Analysis? Let’s discuss what is fundamental analysis. Whereas technical analysis involves poring over charts to identify patterns or trends, fundamental analysis involves poring […]
What is Fundamental Analysis? What is fundamental analysis? Technical analysis involves poring over charts to identify patterns or trends. Whereas, fundamental analysis involves poring over economic […]