Head and shoulders pattern is most applicable to short positions (those are the positions where profits arise when there is a fall on the price). After it has three peaks, the price falls and that is textbook example of good opportunity. When there is first bottom it means, that there has been decline in demand […]
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Ascending and descending triangle represent a typical upward and downward trend. When you notice that the price move within the price lines and creates a dwindling bottoms, that means that it will create a ascending pattern of triangles and that there will be a breakthrough. Ascending triangle with breakthrough You can draw the pattern by […]
Symmetrical triangle occurs, when the price moves up and down and approaching to a common point. Movement will become increasingly smaller, until it reaches a critical value at which comes to breakthrough of sample lines, up or down. Symmetrical triangle is formed, when there is uncertainty about the cost among investors. When it comes to […]
Why to trade on forex? Are you looking for interesting work from home and the opportunity to earn money from home? You do not need to get up early every morning and work hard to endure the boss. Work for yourself and your future. Want to know how? It is not difficult! Learn how to trade […]
Trading on forex exchange can take place with more than 100 different currency pairs. Selection of pairs for trading, depends on your trading platform. The most common trading currencies are USD, EUR, JPY, GBP, CHF. We have different currency pairs: The main trading currency pairs (Major currencies) EUR / USD, USD / CHF, GBP / USD, USD […]
You want to know how it all started? Read about the beginnings and the history of Forex. Gold Standard System In 1875: Creation of the gold standard as a monetary system. Before that time the countries used gold and silver as a tool for international payment. They defined ounce of gold as the price difference between the […]
What is Forex? To be successful in Forex trading, you need to understand the purpose and operation of forex trading. Forex trading is a direct cross-currency trading with world currencies online, where also trade all major banks, multinational corporations, financial institutions, and a small percentage of individuals. The word FOREX is made up of “Foreign Exchange” (which […]