|
| |
 | |
|
|
Currency Trading Information Channel |
 |
|
|
| |
|
| |
|
|
Currency Trading Information Channel |
|
|
|
|
|
Trade Entry TechniquesMost traders tend to concentrate on pinpointing the perfect entry for a trade. However, in reality the entry price is just one part of the equation. The common entry techniques are: Channel Breakouts A trend trader will tend to use channel breakouts to enter trades in order to catch a trend when it is beginning. The general rule is to pick a period length, which could be 20 days for a long term trader or 15 minutes for a daytrader and buy if the high in that period is broken or sell if the low is broken. Visual Entry based on patterns The art of technical analysis focuses on the many types of chart patterns that markets tend to form. Such as gaps, spikes, inside days, outside days, triangles, flags and double tops to name a few. These entries are rather more subjective than channel breakouts. Pure prediction Prediction techniques include Elliott Wave, Gann and Dow Theory. Again the actual entry price based on such theories is very subjective. Predictive techniques usually try to pin point major turning points in markets and are therefore attempting to go against the current trend rather than with it. Volatility Breakouts The theory behind a volatility breakout is that if the market makes a sudden move in a particular direction then it is likely to continue in that direction. The general rule is to add/subtract a pre-determined percentage of the recent average true range to the opening price thus giving buy and sell points. Moving Averages Take the average price of the last x periods (minutes, hours or days) and buy if the price crosses above and sell if it crosses below. This technique works well in purely trending markets but will be badly whipsawed in a range bound market. Variations include using 2 or more moving averages and using the cross of those as a signal. The moving averages themselves could be simple or weighted (more emphasise on the latest prices). Oscillators and Stochastics I.e. RSI, stochastics, Williams %R etc. Generally these tools are used to determine whether the market is 'overbought' and ready to drop or 'oversold' and ready to rise. They work best in range bound markets by picking tops and bottoms but fail in a trending market.
 MORE RESOURCES updated Sat. December / 21 / 2024India's forex reserves dip to nearly six-month low Reuters India South Korea to ease foreign exchange regulations, expand FX swap line Korea Economic Daily 'There is High Migration Between FX/CFD and Crypto Traders': TradingView’s Rauan Khassan Finance Magnates How Currency Trading Works Investopedia Euro FX EUR/USD Futures Overview CME Group VCG Markets Unveils Cutting-Edge Forex Trading App Markets Insider IG US Bucks Trend in Sluggish Forex Trading Market Finance Magnates Forex Demo Account Trading Investopedia AUD/USD, USD/CAD, NZD/USD: Commodity Currencies Hitch a Ride on China’s Yield Curve Rollercoaster FOREX.com US Stop Hunting With the Big Forex Players Investopedia Currency Pairs: What They Are and How They Work Investopedia China is considering softer currency Reuters.com When Foreign Exchange Intervention Can Best Help Countries Navigate Shocks International Monetary Fund How Leverage Works in the Forex Market Investopedia 8 Forex Trading Tips Investopedia Top 5 Books for Beginner Forex Traders Investopedia USD/JPY Forecast Benzinga How to Trade Forex on News Releases Investopedia 5 Forex Careers for Financial Professionals Investopedia A perfect storm for the Canadian dollar ING Think How Would a New BRICS Currency Affect the US Dollar? (Updated 2024) Investing News Network What Is the BRICS Group and Why Is It Expanding? Council on Foreign Relations EUR/USD Analysis Today 19/12: Nears Parity (Chart) DailyForex.com Dollar Dominance in the International Reserve System: An Update International Monetary Fund What Are the Most Commonly Traded Currency Pairs? Investopedia Fed forces Asia to choose: Accept weaker currencies or push back The Economic Times Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade The Hindu USD/BRL Analysis Today - 17/12: Buying Stays Strong (Chart) DailyForex.com What Is an ECN Broker? Investopedia USD/JPY Analysis Today 19/12: Five-Month High Gains (Chart) DailyForex.com EUR/USD Forecast Today 19/12: Weakened Before FOMC (Video) DailyForex.com How Forex PAMM Accounts Work Investopedia USD/CAD Analysis Today-18/12: Bullish Yet Vulnerable (Chart) DailyForex.com Forex Spread Betting: What It Is and How It Works Investopedia USD/PHP Forecast Today 20/12: Tests 59 Resistance (Video) DailyForex.com 15 Banks and Credit Unions That Exchange Foreign Currencies Business Insider USD/TRY Forecast Today 19/12: Extends Losses (Chart) DailyForex.com Gold Analysis Today 18/12: Prices Steady (Chart) DailyForex.com EUR/USD Forecast Today 20/12: Drops Amid USD Strength -Video DailyForex.com WTI Crude Oil Forecast Today - 19/12: Crude Oil Dips (Chart) DailyForex.com Gold Analysis Today 17/12: Continued Upward Trend (Chart) DailyForex.com Forex Christmas & New Year Holiday Trading Hours 2024 DailyForex.com EUR/USD Analysis Today 16/12: Rising in Coming Days? (Chart) DailyForex.com Currency Market Today: Rupee rises from all-time low, gains 10 paise to 85.03 against US dollar BusinessLine Dax Forecast Today 19/12: Looks Positive (Video) DailyForex.com BTC/USD Forecast Today 19/12: Sees a Small Pullback (Video) DailyForex.com Crude Oil Week Ahead: China, PMIs, and FOMC Meeting FOREX.com US Gold Forecast Today - 18/12: Gold Near 50 EMA (Chart) DailyForex.com AUD/USD Signal Today 19/12: Slumps Ahead of FOMC (Video) DailyForex.com ETH/USD Forex Signal Today 20:!2: Holds Support (Chart) DailyForex.com U.S. dollar closes lower on Taipei forex market Focus Taiwan EUR/USD Signal Today - 18/12: Cusp of Breakdown (Chart) DailyForex.com EUR/USD Analysis Today 18/12: Bearish Outlook Ahead (Chart) DailyForex.com USD/JPY Analysis Today 16/12: Upward Momentum (Chart) DailyForex.com BTC/USD Forecast Today 17/12: Surges Toward New Highs -Video DailyForex.com
|
