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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Trading in FX markets reached a mammoth $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier, according to the 2019 Triennial Survey of turnover in OTC FX markets. While foreign exchange retained its dominant status as the largest financial market in the world, knowing how FX stacks up against other … 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