- Forex Tutorial: The Forex Market - Investopedia
- Basic Forex Trading Tutorial and Guide
- Forex Pivot Point Trading Tutorial | Forex Indicators
For this method to work better, you can add some indicators like the MACD , CCI or RSI to help you with your entry decision.
Forex Tutorial: The Forex Market - Investopedia
In addition our range of platforms for Apple and Android mobile devices will seamlessly allow you to access and trade on your account from your smartphone or tablet with full account functionality.
Basic Forex Trading Tutorial and Guide
Contributors include: Kathy Lien , Boris Schlossberg , Casey Murphy , Chad Langager and Albert Phung
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks , hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.
Forex Pivot Point Trading Tutorial | Forex Indicators
OANDA Asia Pacific Pte Ltd (Co. Reg. No 755759976K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licenced by the International Enterprise Singapore.
What most teachers, books and courses instruct about how to trade the RSI indicator, is exactly the opposite of what you should be doing.
The other line to put on here are at 65 and at 95. These are very significant. So this is a different way to read RSI indicator strategy. Many people just look for these overbought, oversold signals and are doing them backwards. Whereas actually going up here shows strength. Once we start getting into the bullish territory, which would we above 55, then we are looking at a relative strength. Now remember that’s what this is, RSI. Relative Strength.
It is pretty hard to find a book that talks entirely on pivot points. However this does not mean that pivot point trading is not important at all. In fact, the pivot point trading strategy is commonly used by those 8775 big dogs 8776 commercial traders and it is something that most retail traders miss out on.
It should not be assumed that the information in this web site will result in you being a profitable trader or that it will not result in losses. Past results are not necessarily indicative of future results. You should never trade with money you cannot afford to lose.
In this case, the market does go up a little bit, goes back up to 55 MA which is the red line. But that’s not really a major big trade. What happens after that is the market comes down and makes a much lower low. And again RSI gets supposedly oversold. So the point is this, what you’d rather do, so I will get into little bit of what you want to do, you want to do the exact opposite of that. You don’t want to be just buying oversold signals all the time. You want to take those as bearish, and trade in the dominant energy, or the dominant direction of the market.
Master the currency markets with our FOREXTrader platform and &rsquo s mobile apps , or trade on the popular MetaTrader trading platform.