Scalping the Forex Market: A Beginner’s Guide

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An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading styles are available. Although each style differs on holding periods and frequency, position trading, swing trading, day trading and scalping are among the most widely used channels within the technical community. … Continue reading Scalping the Forex Market: A Beginner’s Guide

The Most Traded Currencies in Foreign Exchange

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According to the Bank for International Settlement Triennial Central Bank Survey (BIS), the Foreign Exchange market (or FX or forex market) is the largest and most liquid in the world with a global turnover measuring $5.1 trillion per day in 2016. As disclosed in the table below (courtesy of BIS), foreign exchange swap transactions cleared … Continue reading The Most Traded Currencies in Foreign Exchange

Measure Market Momentum Using the Awesome Oscillator

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Born in 1932, Bill Williams is a US-based trader and the author of a number of books on trading, and also the gentleman behind the Awesome oscillator indicator (AO). In addition to this, Williams is the creator of other well-known technical indicators, such as the Accelerator oscillator, Alligator, Fractals, Gator oscillator and the Market Facilitation … Continue reading Measure Market Momentum Using the Awesome Oscillator

What is an ECN Broker?

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Choosing a broker you can trust is no small feat. Due to the unregulated nature of the foreign exchange market and the increasing number of unscrupulous companies marketing false information, the unaware often fall victim. Fortunately, a number of reputable brokers provide reliable services, many of which are well known in the industry and fully … Continue reading What is an ECN Broker?