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
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
Understanding how to plot support and resistance levels on a chart is one of the most crucial aspects you, as an aspiring technical trader, need to grasp. Generally speaking, it is also one of the first techniques that traders come across when beginning their journey. Sadly however, this method is usually quickly overshadowed by the … Continue reading How to identify support and resistance
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?