Round numbers strategy in Forex Trading – This is another very simple, but extremely efficient strategy. The round numbers (example EUR/USD 1.3600, USD/JPY 98.00) are natural levels of support and resistance. A lot of orders are placed around these levels. In the following article, we take a look at round numbers in the context of[…]
How To Draw and Use Trendlines – Trend lines have become widely popular as a way to identify possible support or resistance. But one question still lingers among Forex traders – how to draw trend lines perfectly? Trendlines are very useful in helping you determine the trend, and also the strength of that trend as[…]
How to Find The Best, Simple, and High Probability Trades – Trading does not (and should not) be that complicated. the simpler the strategy, the easier it is to understand the underlying concepts. Many people say that they want to keep it simple, what they end up doing is, they just strip away all the[…]
The Best and Correct MACD Settings – Are you an indicator trader? If yes, then the MACD is a useful indicator in the identification of price trends and direction. The Moving Average Convergence Divergence (MACD) calculation is a lagging indicator used to follow trends. It consists of two exponential moving averages and a histogram. The[…]
