What is spot gold? Online brokers have opened the market for gold traders, who have the ability to trade spot gold similar to the way forex is traded. This offers a way to speculate on the price of gold or for those involved with physical gold, a way to hedge their risk without…
Forex Trading Glossary – S Saucer PatternA chart formation that shows a gradual decline then a gradual rise in prices with the resultant effect of price taking a saucer-shaped pattern. (Is also known as a rounded bottom) Schaff IndicatorsFirst developed by Doug Schaff in the 1990s, based on the FX-Strategy System, and used to…
Forex Trading Glossary – P ParThe principal amount of an investment instrument (e.g. 100) or where price equals the original value. Parabolic StopWells Wilder introduced the Parabolic Indicator, whose shape resembles the curve of a parabolic arc. The Parabolic is useful as a trailing stop because it has an acceleration factor that,…
Global Trading: It is The Reaction to News that Matters The old trading adage that says “the reaction to news is more important than the news itself” is even more relevant in today’s market as central banks embark on a rate cutting path. Good News vs. Bad News Another way oif saying it is…
PERFORMANCE Practice the philosophy of continuous improvement. Get a little better every day. Increase your performance. 05 SCHEDULE A REGULAR PERFORMANCE REVIEW Collecting data is all fine and good. But it’s only useful when studied. Regular reviews serve several purposes: It keeps a trader focused on their trading plan Compare emotions and perceptions…
The 3 Things You Need to Know to Trade Harmonic Price Patterns You probably want to know what you should do to trade harmonic price patterns if you should happen to come across some of these in the course of your trading. There are three quick steps that you should know so that you…
The 10 Commandments of Trading Divergences Divergences are what traders use when they are trying to spot a trend that is getting weaker. They want to see a trend that is getting weaker because they may believe that this is likely to indicate that there could be a reversal coming. There are ten rules…
The 2 Types of Hidden Divergence in Trading It seems pretty reasonable to think about regular divergences as something to look out for in the Forex market, but what is the deal with hidden divergences? Trend Continuation One of the things that you will notice about hidden divergences is that they are often…