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

What is Price Action? (Part 2)

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Part Two… Following on from part one: What is Price Action in Forex Trading where we touched on the basics of price action, part two will dive in a little deeper and begin focusing on how the charts form specific price-based structures. While we would love nothing more than to show all the subtle nuances that … Continue reading What is Price Action? (Part 2)

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

How to identify support and resistance

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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

How to Trade Forex for Beginners

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With the improvement of technology in the late 20th century, the world of forex trading opened up to the internet. By 2004, forex had developed into a $1.9 trillion a day market. As of 2016, the daily volume surpassed $5 trillion a day! Gaining access to the markets is relatively easy. The creation of the … Continue reading How to Trade Forex for Beginners