Guide

The Standard Deviation indicator, which is in demand among traders, is an integral part of various profitable trading strategies. Judging by its name, it is clear that it is borrowed from mathematical statistics. The indicator is used in many profitable strategies to estimate the market volatility and find profitable points to open the trades. Let's consider in detail the principle of its work, installation, setup rules, and its readings.

Candlestick analysis, as part of forex technical analysis, offers a wide range of different patterns for determining the continuation of a trend or market reversal. A special place in it is occupied by the Doji candlestick. But it has many different variants, and each has its own definition in the market. Today we will look at all types of Doji candles and learn some helpful tips for their application in forex trading.

Forex trend trading is exactly the way many traders use to make a profit on the currency exchange. Trend trading has many advantages: the ability to take a large number of pips due to a strong, directional price movement, a high probability of profit, and good accuracy of signals. These are the reasons that allow traders to use trend trading effectively. Let's consider the basic algorithm of trend trading to learn how to make the most of the price movement and make minimum mistakes, which, no matter how hard one tries, will still happen from time to time.

News trading is notable because a single trade can make a profit of over a hundred pips in just a few minutes. The price during the impulse after the news release can overcome such a distance, which under normal conditions would take several days to pass. Such high profitability makes news trading strategies very popular. So, today we continue discovering more about news trading and will learn how to trade news.

A proper understanding of position trading will allow you to add a powerful strategy to your arsenal for working in any financial market. Before you start trading, you should understand the basic key concepts: what position trading is, how it differs from swing trading, and what its strategy is.

Channel forex trading strategies are very popular among traders. This fact is because the channel within which the quotes move is regularly formed on any instrument, any time frame, and can be used in a variety of ways (breakout strategy, rebound strategy, etc.) as a ready-made trading tactic.

Understandably, novice traders ask numerous questions at the beginning of their careers, and this approach cannot be called wrong. First of all, newbies to the market are usually interested in how much money they need to start trading stocks or what kind of deposit they need to start trading currencies. The thing is that no experienced trader will ever tell you exactly how much money it is better to start trading – this question has many nuances. Further on, we will try to grasp the subject in detail.  

Technical analysis of the forex market includes many different concepts and definitions, one of which is overbought and oversold. These terms have existed on the market since the very inception of technical analysis and are very important tools in the arsenal of any trader. They are used on all world exchanges and are still relevant.

The value of assets changes every second and this process can be represented in the form of a chart, and on the basis of the accumulated statistical data, it is possible to assume with a higher probability the forthcoming price movement. What are the graphical patterns and which tools are the most effective and popular among successful traders? Today we will talk about graphical analysis, its advantages, and stages.

Each trader wants to know which way the price will go. However, to get the closest to an answer to this question, it is necessary not only to watch the chart on the trading platform but also constantly keep track of what is happening in the world. A key referendum, presidential comments, or release of negative statistics about the country can dramatically affect the national currency rate. You must have heard such phrases: "The dollar fell on the news... The euro jumped against the franc because of the news...".