Gaining a fundamental understanding of the U.S. economy is a critical part of being prepared fundamentally for forex trading. The U.S. economy is still the largest developed economy in the world, and therefore the U.S. dollar reflects this importance. Much of the world’s trade is denominated in dollars, and global reserves of central banks[…]
How to use the Aroon Indicator – AROON Indicator is great for reading trends, watch as the “Up Line” (Green color line) reaches 80-100 area means a strong uptrend, and watch for the “Down Line” (Green color line) reaches 20-0 area means a strong downtrend. AROON Indicator watches also as they cross each other. It’s[…]
Best of The Best RSI trading strategy – Top 7 Relative Strength Index (RSI) Winning Strategies For Trading Forex. The Relative Strength Index (RSI) is the most famous oscillators of them all. 30 and 70 levels are the levels where price is considered to be overbought (above 70) and oversold (below 30). The RSI travels between zero and one[…]
Bulls Power and Bears Power trading system is a forex strategy trend following. The technique was developed by Alexander Elder, and the two indicators involved are called Bulls Power and Bears Power. Elder named the indicator after himself and X-rays, seeing a commonality between the revealing abilities of an X-ray scan and his indicator’s ability to[…]
