Channels are trend lines drawn in parallel between two ranges – uptrend and downtrend. In other words, channels are trend lines drawn to form an angle thereby indicating potential places where assets can be bought and sold. The entire area defined by the channel represents areas of support and resistance. While drawing a channel, the […]

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To implement any trading decision, every trader should be aware of the Forex market structure. Forex markets differ from other markets in the way it is designed and structured. In a stock market, each and every order goes via a central point, i.e., a specialist. The specialist is the ultimate price controller of the stocks. […]

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It is necessary for every Forex trader to choose a good Forex broker to make his/her trades profitable. There are two main types of brokers – Dealing Desk (DD) and No Dealing Desk (NDD). Dealing Desk (DD) Broker: Dealing Desk brokers operate in a closed environment wherein they fill the clients’ orders, set their own […]

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Once you know what the Forex market is and what can be traded in the market, you need to know when you can start trading Forex. The Forex market is the largest financial market in the world which works 24 hours x 5 days. Even though the market is open 24 hours a day, it […]

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A trend line is a straight line that connects a series of prices together. It is one of the most important tools used by technical analysts to determine when to buy/sell an asset. These lines visually denote the support and resistance levels in a currency chart. How to draw a trend line? To draw a […]

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There is always ‘a little something’ that is common behind every winning strategy of professional traders. They all love pivot points. Believe it or not, pivot points are used as basis for building most technical strategies. Evolved from the trading floors of equity and futures, pivot points have gradually paved their ways to the heart […]

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Any experienced Forex trader would tell you that no matter how well read you are, you ought to keep regular checks on the economic issues splintering everyday. This said, having an easy access to all updates really helps. There are a number of ways to keep a tab on everything “economic” happening around the globe. […]

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Thanks to the advancing technology, today Forex trading has reached a whole new dimension. To all those who think that they have a knack for programming and are jack of all trades, forex throws you opportunities that you simply can’t resist! Yes, my friend today we are going to peep into the world of programming […]

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Nicknames always had strong connections with humans. And most of it really relates to human emotions and psyche. We love calling everything, yes literally every single thing- living or non-living with names! And most of this “everthing list” will have more than one name! Admit it, most of these names are hilariously funny and sometimes […]

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