With an endless stream of books available to choose from, it’s often difficult to decide which text will prove most fruitful. Is there one book that has all the answers – a book that confronts all elements of forex trading? To knowledge, covering each aspect in detail is beyond the scope of one book, and … Continue reading 5 Must Read Books for Any Aspiring Forex Trader
As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market
Developed by Scott Carney, the harmonic bat pattern, a variation of the Gartley harmonic pattern, is a 5-point retracement structure composed of Fibonacci measurements used to create a potential reversal zone, or PRZ.
Whether you trade one market or a number of markets, correlation analysis is indispensable. Correlation defines how much (or how little) two or more instruments move together over a period of time. Knowing how currency pairs communicate with one another and their relationship with surrounding markets, such as commodities, bonds and equities, can help traders … Continue reading Grow Your Trading Edge Using Correlations
The word ‘Independent’, or ‘financially independent’, is KEY here my fellow traders! Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one’s mouth. A lot of people are often left thinking that there must be more to life than … Continue reading Why becoming an independent Forex Trader is appealing
