Candlestick Charts


[adrotate banner=”1″] Candlestick charts are widely used in trading because of their ease of use. You can look at the candlestick for a certain time period and immediately discern whether the price closed up or down for that period. A candlestick, or Japanese candlestick, is just a picture of the price. There are 4 components […]

What is a Pip in Forex?

what is a pip in forex

[adrotate banner=”1″]If you are interested in learning more about trading foreign exchange then I am going to start with the most basic of forex knowledge. But before I start, I should remind you that even though there are simple ways to trade forex, in general this highly leveraged asset class is riskier than most. I […]

Daily Chart AUSUSD


[adrotate banner=”1″] Today’s daily chart set up is the opportunity presented on the AUD/USD 15 minute chart. I have a 20 period moving average set up. On this time frame chart, that means that each candlestick represents 15 minutes of data. And the moving average is the average if 20 of those bars.   As […]

The Advantages of Trading Forex


[adrotate banner=”1″]When it comes to trading in just about any market, Foreign exchange trading has a huge advantage over other types of trading. Firstly, the forex market gives you the advantage of time freedom. In the foreign exchange market one can trade around the clock from Monday through Friday. In the stock market that is […]

Commodity Channel Index CCI

commodity channel index

[adrotate banner=”1″] What is the Commodity Channel Index? Although the Commodity Channel Index, also known as CCI, was developed to be used for futures, it is also used in the stock and foreign exchange markets. Created by Donald Lambert, this indicator helps traders determine reversal points in the commodity markets. Similar to RSI and the […]

Moving Average Convergence Divergence MACD


[adrotate banner=”1″] What is the MACD? The Moving Average Convergence Divergence, or MACD, is a technical analysis indicator that is used to determine trend, strength and momentum. It is generally seen as the MAC Daddy (pun intented) of all indicators for this very reason. It combines the trend signals of moving averages, strength signals with […]