Fibonacci Trading Strategies Every Trader Should try

1 year ago forexsimulation 0
Fibonacci trading strategies allow traders to assess market retreats across trending markets and discovering trading chances in each case. Read on to understand some of the effective Fibonacci strategies. Understanding the Fibonacci Retracement Tool While the Fibonacci retracement tool can be essential for trending markets, the scope of different retracement levels offers various use cases Read More

Different Types of Moving Averages for Traders

1 year ago forexsimulation 0
A moving average is described as a technical indicator that investors and market analysts use for determining a trend’s direction. It’s a sum of a financial security’s data points over a particular period, and the total divided by the data points to get an average or mean. It is known as a moving average because Read More

Bollinger Band trading strategies and Patterns

1 year ago forexsimulation 0
Forex traders use a wide range of strategies and patterns with Bollinger bands. Read along to find these out. Double Bottoms A double bottom is a technical analysis charting pattern that defines a power reversal and a difference in trend from previous dominant price action. This pattern indicates the drop of an index or stock, Read More

4 Types of Trading Utilized by Technical Traders

1 year ago forexsimulation 0
Technical traders, more often than not, prefer evaluating investments before they decide the ones to investing in for somewhat guaranteed profitability. Technical traders are able to evaluate investments through technical analysis, where they analyse statistical trends collected from trading events, comprising price movements plus volume. Technical analysis can sometimes offer entirely accurate price estimates, whereas Read More

What Is a Moving Average and Why Use It?

2 years ago forexsimulation 0
A moving average is one of the tools technical traders utilize in technical analysis. Traders use moving average to evaluate various investments in order to know when to trade and when not to. Moving average operates by evening out price data through the creation of a consistently revised average price. Moving average usually covers a Read More

Four Most Popular Forex Chart Patterns

2 years ago forexsimulation 0
The experienced traders are familiar with the chart patterns, but the fresher has a lack of knowledge about the benefits. Chart patterns help the investors to recognize the trend and the movements of the market. Chart patterns are based on the historic price movement of a certain asset. So, people should have to acquire a Read More

How to create a perfect plan to trade the market

4 years ago forexsimulation 0
Everyone wants to become a profitable trader. When it comes to Forex trading profession people lose control of their emotion and start placing big lot trade. You don’t have to trade with a big lot to secure huge gain from this market. The novice traders always look for potential trade setup to maximize their profit Read More

Back testing your trading strategy to maximize your profit

4 years ago forexsimulation 0
Forex market is extremely volatile in nature and making consistent profit in the retail trading industry is very hard.If you do some research you will be surprised to see that almost 90% of the traders are losing money. The new traders often think that this is the perfect place to become a rich person within Read More

Habits of the professional currency trader

4 years ago forexsimulation 0
The financial market is wonderful in the point of view of professional traders because they have succeeded in it. If you ask a naïve trader they would say it is a complicated market because they have not seen the simplest side of the market. They have not studied the CFD market to trade it well. Read More

Taking help from online resources

5 years ago forexsimulation 0
As a trader, you will see that there are lots of online resources. Most of these resources are for helping the traders and it is up to you how much help you can take from them. Most people who begin their career in Forex has no idea of the investment market. It is their first Read More