Japanese Candlestick Analysis Basic Candlestick Patterns And Body Sizes In the chart below of GBP/USD, you can see there are lots of different body sizes of the candlesticks. The body of the candlestick represents the range between the opening price and the closing price of the currency at that particular period of time. Long body […]

What is a Japanese Candlestick? A Japanese candlestick or candlestick chart is a type of technical charting used by the Japanese about 300 years ago to monitor the price and check the supply and demand of rice. It is still being used until today by many traders as a tool for their asset trade. Since […]

What are Forex Charts? Forex charts are an important technical tool used by traders to analyze the price actions of the currency prices. It is also used to assist them to determine when is the best time to buy and sell currencies. Forex charts usually come in a package or software and this charting software […]

What is a Channel? A channel is also one of the technical analysis tools used by traders to identify a trend and pin points a currency price reversal including a breakout to a new trading level. As explained earlier on the subject regarding the trends, a channel is simply the price actions of an asset […]

What is a Trend? A trend or trend line is probably one of the most common types of technical analysis in forex trading. It has no doubt been underutilized as well. Trend line is the direction of the price of a currency or market heading and it varies in length from short to intermediate and, […]

Types of Technical Analysis Tools After having done with the three types of Forex trading analysis, we shall now delve into the next topic about the basic technical analysis tools such as support and resistance levels, candlestick formations, and common chart patterns. You can try out the leading and lagging indicators and learn how to […]

Analysis of Forex Trading Now that you have understand what Forex trading is, how it works, why people trade Forex and the elements of its trade, you might think that you are ready to start your trading. Unfortunately, you have to hold on to your horses as there are still some other things that you […]

Understanding the Elements of a Forex Trade To become a Forex trader, most newbies find that the process of learning required for them can be a formidable task. The lack of a proper approach to learning the basic elements of Forex trading often leaves them feeling confused and frustrated due to lack of confidence needed […]

Why Trade Forex? Trading forex online has become very demanding since the past decade. The forex market is now one of the fastest emerging markets in the world. What are so awesome about this market are its various benefits and advantages that it offers. Below are some of the reasons why so many people now […]

How Forex Trading Works Forex trading is everything about making tons of money. As the forex market constantly changes daily, some investors have found it quite simple to make a large amount of money. Small investors usually go to a broker or a financial institution to do their forex transactions and it is also a […]