Fri, Jan 22, 2021 @ 22:08 GMT
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Forex Market Analysis

16 – RSI – Trading Divergence

In the previous forex education section, we introduced the Relative Strength Index (RSI) and buying and selling when the indicator crosses back from oversold and overbought. In this section we will move past the basics and introduce a more advanced concept: Divergence. Divergence occurs when a forex currency pair makes...

15 – RSI – Basics

In the last section we looked at Moving Average crosses and using Moving Averages to determine the trend. In this section we will move on to a new type of indicator - the Oscillator. Unlike the MA, Oscillators tend to appear below your MT4 chart in a separate window....

14 – Moving Averages – Crossovers

In the last section we introduced Moving Averages or Mas. We used a single MA in isolation and let it guide us into possible buying and selling opportunities. We used the 100SMA (100 Period Simple Moving Average) on a 4 hour GBP/USD chart - this is a relatively 'slow'...

13 – Moving Averages – Basics

Moving Averages are by far the most widely used and easy to understand forex indicator. They display right on top of your chart and mechanics are very easy to understand - a moving average or MA - is quite simply the average price over a given period. This is one...

12 – Technical Indicators Overview

We have previously discussed Price Action or Naked trading - not for you? In this chapter we are going to discuss the alternative, trading while wearing your pants… Just kidding! Of course we're talking about using indicators. Indicators analyse price action for you and give clear entry and exit signals....

11 – Fibonacci

Fibonacci retracements are a quick and easy way of predicting support and resistance levels in Forex. The Fibonacci tool works on the principle that markets tend to 'retrace' a portion of a move prior to continuing the dominant trend. Traders use the Fibonacci tool on MT4 to connect the...

10 – Support and Resistance

In Forex trading, support and resistance refers to levels where price is likely to pause, bounce or even reverse. Support is a lower price point or zone where the currency pair is considered 'cheap', spurning buying interest. Resistance is an upper price point or zone where the pair is...

09 – Chart Patterns – Continuation

Ascending Triangle - Bullish Continuation Pattern: The Ascending Triangle is one of the most reliable bullish continuation or accumulation patterns. It is characterized by a series of higher lows failing at a flat top - this means it is a 'terminal' pattern - eventually price will have to stop carving...

08 – Candle Patterns – Reversal

In this section we will cover chart patterns, these are patterns that are comprised of many candles and take considerably more time to form. Once again, there are multitudes of chart patterns to draw up on your MT4 platform, so we will try to only cover the more common...

07 – Candle Patterns

What is a Candle? Candle Patterns In this section we're going to take a look at trading off forex candles on your MT4 charts. There are many different forex candle patterns - we'll have a look at some of the more common and reliable ones here. Candle patterns often indicate a...

06 – Types of Forex Charts: Line Chart v Bar Chart v Candle Chart

Forex traders use charts to determine market direction and identify possible buying and selling opportunities. There are three types of charts commonly used in forex that you can flick between on MT4: Line chart; Bar chart; Candlestick chart. Line Chart: These charts are handy for quickly determining the trend - only...

05 – Technical Analysis Overview

Technical Analysis is the use of charts, such as those found on the Vantage FX MetaTrader 4 (MT4) platform, to study historical price movement to determine the possible future direction of price. The idea behind technical analysis is that everything you need to know, has been reflected in price....

04 – Trading Event Risk: Trading Headlines

After going through the highly organised data releases and central bank decisions, there is one last piece of fundamental analysis that you need to be aware of. Event risk is anything that will move markets, but that you can't see coming. News Headlines: There are just so many different types...

03 – Trading Central Bank Decisions: Hawkish v Dovish Monetary Policy

To achieve certain economic mandates or goals, a country's most potent weapon is monetary policy. Monetary policy is determined by a country's central bank acting independent from government (unless you're China of course!). Monetary Policy is the process of setting the interest rate and controlling the supply of money. There are...

02 – Trading Economic Data Releases: News Trading

The biggest and most obvious part of fundamental analysis is trading economic data releases, or more simply as traders call it: News trading. So that everyone in the market has a level playing field when it comes to market sensitive news, each economic data release has a set time and...

01 – Fundamental Analysis Overview

As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very broad term and gives you a huge amount of information to draw upon when conducting your analysis. But why are economic news releases of this type...