|
| |
 | |
|
|
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 Wed. February / 05 / 2025Kickstart North American FX trading day with a technical look at EURUSD, USDJPY & GBPUSD - ForexLive EUR/USD Pulls Back Ahead of December High FOREX.com US Russia adds Nigeria, Tunisia, and Ethiopia in currency trading list Business Insider Africa Integral Provides FX Trading Tech to Access Bank in African Push Finance Magnates Stock market today: Asia shares trade mixed as investors weigh impact of US-China tariffs FOX 31 Denver What is Forex? FXCM How Currency Trading Works Investopedia Exclusive: MetaTrader Fee Bill Arrives with a 25% Increase Finance Magnates EUR/USD Analysis Today 05/02: Recovery Stalls (Chart) DailyForex.com VFTradings Review 2025 Investing.com Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money Reuters Research: 2024 Overall Situation and Regulatory Trends of Virtual Currency Crimes in China ChainCatcher Stocks rapidly cut steep earlier losses as Trump pauses Mexico tariffs, Dow down just 150 points: Live updates NBC Connecticut Gold Analysis Today 05/02: Reaching All-Time High (Chart) DailyForex.com 6 Most Popular Currencies for Trading Investopedia FxSpotStream Reports Near-Record Trading Volume in Early 2025 Finance Magnates USD/MXN Forecast Today 05/02: Stable (Video) DailyForex.com Aussie, New Zealand dollars get respite ahead of China's reopen The Economic Times BTC/USD Forecast Today 05/02: Holds Near $100K (Chart) DailyForex.com Forex Trading: Comprehensive Guide for Beginners and Experts Business Insider Forex Trading for Beginners NerdWallet AUD/USD Forex Signal Today 05/02: Continues to Rally (Video) DailyForex.com MT5 Brokers Gain Access to STICPAY’s E-Wallet and Payment Services Finance Magnates Currency Pairs: What They Are and How They Work Investopedia USD/CAD Forecast Today 05/02: USD Falls Against CAD (Video) DailyForex.com EUR/USD Forecast Today 05/02: Relief Rally (Video) DailyForex.com EUR/USD, USD/JPY, U.S. Dollar Price Action Setups FOREX.com US What is Forex? FXCM GBP/USD Forecast Today 05/02: Look for Higher Levels (Video) DailyForex.com Research: Overall situation and regulation trends of virtual currency crimes in China in 2024 Binance Top 5 Books for Beginner Forex Traders Investopedia Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia The North Africa Post 8 Forex Trading Tips Investopedia How Leverage Works in the Forex Market Investopedia When Foreign Exchange Intervention Can Best Help Countries Navigate Shocks International Monetary Fund BYD resorts to forex trading strategy to counter yuan’s volatility South China Morning Post 5 Forex Careers for Financial Professionals Investopedia EUR/USD Analysis Today 04/02: Further Losses Expected -Chart DailyForex.com Forex Trading Online | Forex Currency Trading CMC Markets How to Trade Forex on News Releases Investopedia Forex Currency Pairs FXCM 15 Banks and Credit Unions That Exchange Foreign Currencies Business Insider GBP/USD Forex Signal Today 03/02: Drops Amid Tariffs (Chart) DailyForex.com EUR/USD Analysis Today 03/02: Renewed USD Strength (Chart) DailyForex.com Dollar Dominance in the International Reserve System: An Update International Monetary Fund What Is the USD/JPY Currency Pair? Investopedia Best Forex Brokers: Top Choices For Currency Trading Bankrate.com HSI, Australian Federal Police and partners, announce takedown of multi-million dollar Chinese money laundering syndicate U.S. Immigration and Customs Enforcement Newsroom What Is an ECN Broker? Investopedia Russia adds Tunisia to currency trading list African Manager EN Kickstart the FX trading day for Jan 29, w/ a technical look at the 3 major currency pairs ForexLive Mexico & Canada Pause Tariffs, USD Falls DailyForex.com
|
