How to identify supply and demand

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Technical supply and demand is an approach based on price action. The general idea is to locate points on the chart where price has made a strong advance or decline. A demand zone is typically formed after a strong rally north. Conversely, a supply zone is effectively created following a noticeable move to the downside. … Continue reading How to identify supply and demand

Price Action: A Beginner’s Guide

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Viewing a chart for the first time is generally both hypnotic and perplexing. Price action, or ‘PA’, is a term employed to note the movement, or ‘action’, of price on a chart for a given market. A chart, for those new to trading, is simply a graphical representation of historical price movement over a selected … Continue reading Price Action: A Beginner’s Guide

Forex Market vs other Financial Markets

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In terms of sheer size, the forex market is by far, the largest animal in the financial jungle. It boasts unparalleled features that clearly set it apart from other financial markets. The great thing about this is that it offers a plethora of advantages to both new traders just beginning their career, and more experienced … Continue reading Forex Market vs other Financial Markets

Identifying Support and Resistance in the Foreign Exchange Market

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Markets move in the path of least resistance Two of the most widely discussed concepts in the field of technical analysis are support and resistance levels. Without understanding these critical components, trading is generally a frustrating endeavour. At first glance, the concept behind support and resistance makes sense, some would even say simple. However, you’ll … Continue reading Identifying Support and Resistance in the Foreign Exchange Market

What is a margin call?

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One of the most unpleasant experiences a trader can face is known as a margin call. To understand the dynamics behind this feature one must first appreciate what margin is in the forex market, which unfortunately is a commonly misunderstood concept. What is margin? Margin is essentially a good-faith deposit that’s required by the brokers … Continue reading What is a margin call?