If we for example look at the New York Stock exchange, there are about 4 500 stocks listed. Another 3 500 are listed on the NASDAQ. Which one will you trade?… Have you got the time to follow so many companies? In spot currency trading, there are dozens of currencies traded, but the majority of[…]
There are many benefits and advantages of trading Forex. Here are just a few general reasons according to BabyPips why more and more people are choosing this market. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. At[…]
ADX stands for Average Directional Index. It measures the degree of trend over a given period of time and is a “non directional” indicator. It is based off comparing the highs and lows of bars and does not use the close of the bar. The stronger the trend, the larger the reading regardless of whether[…]
The market moves in up and down waves that form “swings”. The pattern made by these swings is what is used to define an uptrend or a downtrend. The highs and lows of the waves are used to define “support’ and “resistance” levels. A trader or technician does not care about the fundamental reasons that[…]
