A major concern for newer traders is finding which indicator works best for their trading style. A further consideration is whether their chosen indicator can be applied to beginner, intermediate and advanced trading categories as the trader gains experience. Personally, I don’t find it useful to think of indicators as being in categories, or this […]
Trailing stops are a risk-conscious trader’s best friend. Trailing stops let forex traders lock-in profits and reduce the overall risks of trades as they advance. They protect profits by allowing a winning trade to remain open for as long as possible, closing it once the chart changes direction. This ensures you can stay in a […]
Time-based orders allow you to request your order be filled at a specific time of day. These can be incredibly helpful when trading according to a high impact economic news event. However, there are restrictions on these depending on the specific exchange or market you are trading. Despite some technical limitations, these time-based orders are […]
Correlation strategies appeal to forex traders because they remove the stress associated with picking market direction. For example, when two correlated pairs diverge, the idea is simply to buy one pair and sell the other. But are they really as reliable as they seem? What are Correlated Currency Pairs? Correlation offers a mathematical probability of […]
Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]
Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]
