What is Multi-timeframe Analysis Multiple time frame trading is the process of analysing the same currency pair under different time frames eg 30 min, 1 hr, 4 hr and daily charts. The larger time frame is used to establish a longer-term, dominant trend, while a shorter time frame is used to spot ideal entries into […]
Author Archives: Jafari Omar
Here are the main differences between technical analysis and fundamental analysis… Technical Analysis: technical analysis starts with a chart. technical analysts take a much shorter time horizon to do their technical analysis using time frames from a week, days, hours and even minutes. Fundamental Analysis: fundamental analysis starts with a financial statement. fundamental analysts take a […]
There’s a difference between chart patterns and candlestick patterns. Chart patterns are not candlestick patterns and candlestick patterns are not chart patterns: Chart patterns are geometric shapes found in the price data that can help a trader understand the price action, as well as make predictions about where the price is likely to go. Candlestick patterns, on the other hand, can involve only […]
This forex correlation strategy is based on Currency Correlation. WHAT IS CURRENCY CORRELATION? Currency correlation is a behaviour exhibited by certain currency pairs that either move in the same direction (positively co-related) or in opposite directions (negatively-correlated) at the same time: a currency pair is said to be showing a positive correlation when two or more currency pairs move in the same […]
This strategy is based on a pattern called the Gartley pattern. You will need the Gartley pattern indicator mt4 which you can download and upload on your mt4 charts. What Is The Gartley Pattern? The Gartley Pattern is a chart pattern that is based on Fibonacci numbers or ratios. the pattern is a retracement and continuation […]
A professional Forex trader is a person who uses price movement in the Forex market to make profits. The target of any Forex trader is to win as many as possible trades and also to maximize the winning trades. A professional Forex chart technician uses price charts to analyze and trade the forex market. By […]
Heikin-Ashi candles are a variation of Japanese candlesticks and are very useful when used as an overall trading strategy Forex. Unlike regular Japanese candlesticks, Heikin-Ashi candlesticks do a great job of filtering out the noise that is common with Japanese candlesticks. They highlight the trend of the market more easily than other plotting methods. Let’s […]
There are different MT4 order types like buy stop, sell stop, sell limit, buy limit, market buy order and market sell order. These can be quite challenging especially if you are just starting out. This post will explain them clearly so that you know how to use them in your trading. Here you will learn […]
Indicators, if used correctly, can help simplify your forex, binary options and synthetic indices trading. Below we share a number of indicators that you can use. First, let’s look at the installation of MT4 indicators. How To Instal MT4 Indicators This tutorial is for newbies who want to learn how to install mt4 indicators. As […]
Many new traders that find it difficult to define the structure of a trending market, therefore they rely on moving averages for trend detection or identification. Using Moving Averages For Dynamic Support And Resistance Levels The concept of dynamic support and resistance can be fully understood with a few charts given below. When the market […]