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Forex Candlesticks Tell A Story
By Tlenyk There are four Japanese candlesticks that are typically used in FX trading; engulfing candles, the doji star, exhaustion candles and independent candles. The opening and closing of a candlestick can be very significant in a forex trade. Engulfing Candles An engulfing candle is one that
Technical Forex Traders and Japanese Candlestick Charts
Technical Forex Traders and Japanese Candlestick Charts By Tracy Lenyk Successful technical traders read charts like doctors read x-ray files. What do charts do and why are they important? Charts tell a story. The charts tell traders where the market is going. The question is; do we want to buy or
The Many Aspects of Forex - Part 1
The Many Aspects of Forex - Part 1 TLenyk 5 Good characteristics of a successful forex trader are; commitment, discipline, stewardship, continued education and patience. These are human characteristics of a successful fx traders, Commitment- Forex trading is a business. To be a successful FX trader
Fibonacci Retracement Levels and Natures Law
One common technical FX market indicator used by fx traders is the Fibonacci indicator. It is based upon an infinite number sequence, which was discovered by 13th Century mathematician Leonardo Fibonacci. Basically you get 2 numbers like 1,2 and add them together and you get the 3rd number in the
What to use technical or fundamental
How do you know what currency to buy or sell? Both the technical and fundamental analysis are important when trading on the FX. Fundamental components - Macro, Micro and Monetary Macro - The big picture news and politics. Elections of a new government leader can have a real big impact on currency
Forex Trading Analysis And FX Data
If you are reading this article you probably heard about FOREX. Or perhaps, you want more information on FX. There are many aspects to FX. And, it takes some time to learn before you become a successful forex trader. With proper self taught, education you can achieve this goal. Once you understand
You Control Your FX Success.
Have you thought about investing in FOREX or perhaps you are already trading on the FX. To be a successful forex trader you have to take forex trading serious. Just like a home-based business, it takes time and money to be successful. You have probably heard that you don't need a lot to start
The Advantages of the FX - Foreign Currency Market
What are the advantages of the trading on the Forex Market? The Forex or Foreign Currency Market has many advantages over other types of investments. 1.The Forex market is open 24 hrs a day, unlike the regular stock markets. 2.Getting started as a, Forex traders doesn't require a great amount of
What Is The Best Forex Software - Web Based or Desktop Based?
Are you looking for a Forex trading software application? There are a lot of automated forex trading software programs on the market. This article should assist you with your FX software application discussion. When selecting a forex trading software application for your trading success, security is