Oscillators, one of the most interesting groupings of technical indicators, are designed to signal overbought and oversold levels. Oscillators are a family of indices that go beyond the mathematics. They focus on one important thing and that is momentum, or more specifically changing momentum. Before we delve into which Oscillators are best to use and […]
Lately, I’ve been asked fairly often why I don’t write more for the novice trader. Well, good news! If you are, indeed, a novice trader then this trading strategy is right up your alley. But even if you’re not a newbie, you might still find this tip useful. This rather simple and straightforward strategy doesn’t […]
If you’ve been trading for a while, you may have noticed something interesting. Of course, you can probably easily recognize a bullish or bearish trend. But have you ever noticed that sometimes the momentum is so intense the trend almost seems vertical? Kind of like the pair is falling off a cliff or ascending like […]
The short summary is that time based orders in MT4 are possible. You just need to keep in mind some of the technical limitations. MetaTrader 4 EAs work based off of incoming ticks. Whenever the bid/ask changes by a micro pip or more, that event triggers the EA to do something. When the markets hum […]
If you’re not a new trader, you’ve probably had the urge to simultaneously deploy several trading strategies. That way, most of the time, you can make money. Of course, that’s theoretically. But the fact is, quite often, combining two different strategies can do more harm than good. I advise traders in their formative years to […]
A major concern of newer traders is which is the best indicator for them to use in their trading. Also, they want to know if indicators can be broken down into beginning, intermediate and advanced trading categories. Personally, I don’t think of indicators as being in categories or this one is the best and that […]
The forex carry trade is a type of strategy in which traders sell currencies of countries with relatively low interest rates, and use the proceeds to buy currencies of countries that yield higher interest rates. Forex carry trading leverages the differences in interest rates between countries. For example, one country’s central bank may lower interest […]
One of the top questions scalpers want an answer to is whether their broker allows scalping. Among scalpers, it’s constant fear that if their profits swell to significant amounts they’re going to get black listed. But the real question is can you scalp trade without your broker noticing? Theoretically, yes; but in practice it’s not […]
The paranoia of retail forex traders is legendary. Some of the more popular sites like forexpeacearmy.com focus heavily on the idea of a scam or someone trying to rip you off. The idea extends to the brokers as well. Traders frequently blame their losses on broker manipulation or games. This undoubtedly happens. I worked as […]
Candlestick charts, using the individual candles as well as the patterns that they form, can provide an abundance of information to the trader. An oftentimes overlooked aspect of these charts is the trading information provided by longer wicked candles – especially when it comes to stop placement. Many newer traders will decide where to place […]
