Most traders intuitively know that major news events drive FX price action, but few trade the news proactively. In fact, most traders avoid news events simply because they lack the tools and information needed to trade the news effectively. Now,... (Continue reading)
Over the past decades, attempts have been made by traders and researchers aiming to find a reliable method to predict next action of the securities. As a result we have a variety of different fundamental and technical analysis methods and... (Continue reading)
Description on economic indicators Balance of Payments Definition: The balance of payments is a simple measure of the payments in financial capital that flow from one nation to another. Ifmore money flows in than out, one has a positive balance... (Continue reading)
Are there definable chart formations that form the basic building blocks of price action? Yes, I believe there are, and I am happy to share them with you. I discovered them many years ago, over time and through the use... (Continue reading)
The Close Line Tactic There are many trading methods one can employ to actively trade including various mechanical trading systems and manual trading tactics. The constant changing of market conditions can require system traders to adapt and update the parameters... (Continue reading)
A channel is a figure of high reliability, formed by two parallel trend lines at its borders. One connects the price highs, the other the price lows, and in between, there is a zone where the price tends to stay... (Continue reading)
Statistically speaking, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation). A positive correlation implies that the two units move... (Continue reading)