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Showing posts with the label forex strategies. ivan cavric welland

Unlocking Trading Success: The Truth About Technical Indicators

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by: Ivan Cavric Technical trading indicators are a popular tool for traders in the financial markets. These indicators are mathematical calculations based on price and/or volume data that are used to identify trends, patterns, and potential trading opportunities. With so many indicators available, traders often wonder if there is a best technical trading indicator and how to use it successfully. The answer to whether there is a best technical trading indicator is no. Different indicators work well for different traders and market conditions. It's important to understand that no indicator is perfect and they all have their limitations. The key to using technical indicators successfully is to understand their strengths and weaknesses, and to use them in conjunction with other tools and analysis techniques. One popular technical trading indicator is the moving average. This indicator calculates the average price of an asset over a specified time period and plots it on a chart. Trader...

Understanding and Profitably Using Fibonacci Retracement in Technical Analysis

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by: Ivan Cavric Fibonacci retracement is a popular technical analysis tool that uses horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the price continues in the original direction. These levels are derived from the Fibonacci sequence and are commonly used in conjunction with trend lines to find entry and exit points in the market. The Fibonacci sequence is a series of numbers in which each number is the sum of the two preceding numbers, starting with 0 and 1. The key Fibonacci levels derived from this sequence are 23.6%, 38.2%, 50%, 61.8%, and 100%. To use Fibonacci retracement, you need to first identify the direction of the trend. This can be done using trend lines, moving averages, or other technical indicators. Once you have identified the trend, you can then draw a Fibonacci retracement from the high to the low of the trend. The horizontal lines at the key Fibonacci levels will then act as potential areas of support or resistance. For...

Understanding Forex - What is Forex?

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By:  Ivan Cavric This is a series of articles about The Foreign Exchange Market. You will learn here what Forex is , how it works and how profitable it can be. The whole series contain  the following articles .  What is Forex Technical analysis Fundamental analysis Money management Compound interest What is Forex? The word Forex is an acronym for The Forex Exchange Market. This is the most liquid market on the world where you can trade or exchange one currency for another. For example, if you think that the Euro will appreciate in value and you have US dollars, you can trade the dollars for the Euros. If you are right and the Euro appreciates in value in relationship with the dollars, then you can close the position realizing a profit. That's the basic idea behind the Spot Forex Market. This is an interbank system which means that it is not centralized. There is no central exchange where currencies are traded. It is a global market. You can trade Forex online 24 hours per...