Understanding the Kairi Relative Index
The Kairi Relative Index (KRI) is an oscillator thought to have been created by an unknown Japanese person in the pre-computer era. As an indicator, Kairi has lost much of its previous popularity and is scarcely used today. The KRI is mostly used to spot relationships existing within trending markets. KRI Vs RSI The KRI [...]
Read More →From demo account to real account. When?
Before you start trading with a live account, it’s advisable that you first try your hand in a demo account. A demo account presents all the market conditions as found in a real account. However, your account is filled with virtual currency. Therefore, you can execute orders without actually risking your money. A demo account [...]
Read More →How to Read the Psychological State of the Market
The psychological state of Forex markets is not as easy to read or measure as price action. However, by looking at the volume levels in the market and other technical indicators, one can accurately read market psychology and predict collective market behaviour. Forex traders use various indicators to ascertain the market strength. The use of [...]
Read More →Levels of support and resistance
Support and resistance are one of the most commonly used techniques in navigating the forex waters. This trading technique rests on the idea that the price of a currency pair will tend to halt and reverse at certain predetermined price levels. Support and resistance levels are usually plotted on charts by joining places where the [...]
Read More →How to trade the Fibonacci day trading strategy
The Fibonacci day trading strategy is a popular method of trading the forex market. Fibonacci levels are percentage values that traders use to forecast the length of corrections in a trending market. Traders use Fibonacci retracement levels as potential levels of support and resistance while Fibonacci extension levels are used as profit taking levels. Most [...]
Read More →How to Read a Forex Quote
To successfully trade in Forex, a trader ought to know how to read Forex quotes. Forex quotes are the basis upon which currencies are measured against each other. A typical currency quote is usually in the following forms: 1 Euro / U.S. dollar = 1.2774 EUR/USD = 1.2774 This kind of notation is translated as [...]
Read More →Is it possible to trade forex on a part-time basis with success?
The business of trading currencies offers many opportunities for most people. Trading forex to earn a living has potentially very significant rewards. However, the truth is that it’s not easy to become a successful trader. You have to dedicate some time and commit yourself to learn how the market operates before you can start making [...]
Read More →How To Develop The Best System For Trading Forex
For you to succeed in the business of trading currencies, it’s important that you develop a good system that will help you in navigating the markets. Importantly, you should ensure that your chosen style resonates well with your tastes and preferences in trading. If you have a strategy that does not fit with your style, [...]
Read More →Gann’s Techniques of Analysis and Trading
William Delbert Gann was one of the prominent and successful stock traders in the early twentieth century. Gann is said to have dedicated a lot of time in studying the markets and natural law before developing his techniques of analysis and trading. The strategies he developed for trading are all about geometry within a price [...]
Read More →Understanding The Rollover in Forex Trading
In the Forex market, rollover refers to the interest paid or earned for holding a currency spot position overnight. It is important to note that every currency has an interest rate connected with it. And, since the trading of currencies takes place in pairs, each trade entails two different currencies as well as their two [...]
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