Elliot Wave: The Basic of Wave Trading
What is behind the theory? American accountant and author Ralph Nelson Elliott is the creator of the Elliott Wave Theory in the 1930s. At the time of its development, the…
The 4 Stages of a Forex Trend
In the forex market, success often depends on the traders’ ability to identify trends and ideal entry and exit points. But, currency pairs don’t always have a trend. There are…
Forex Trading Strategy: How To Create A Unique Trading System
A trading strategy is an essential trading tool for anyone looking to make a fortune trading in the financial markets. While there are many excellent trading strategies that one can…
Paper Trading and Backtesting Is The Key to Your Profitable EA
What is Backtesting? Backtesting refers to the process of simulating a trading strategy using historical data by a trader. It generates results which the trader uses to analyze profitability and…
Forex Robots: The Practical Use of Automated Trading Software
Automated trading systems are taking the world by storm as traders and financial institutions look to gain an edge over other market participants. The systems have made it possible for…
How To Choose A Reliable Forex Robot
Forex robots are automated trading software that scour the markets 24 hours a day 5 days a week to get you the best trade setups. They are favored by traders…
Top 5 Forex Indicators Of All Time
Many traders use a clean chart that is devoid of any hints. They believe that this is the most correct and classic way of analyzing price movements. But trading with…
Top 7 Economic Indicators That Affect Forex Market
The importance of economic indicators for trading So when the number of market participants and the total trading volume is higher? When unexpected news come out. As most financial events…
Forex Indicators: Commodity Channel Index (CCI) Explained
There are a few forex indicators that indicate momentum, new trends and cyclical conditions that traders can use to analyze the market. But if you’re looking to identify overbought and…
Forex Indicators: ADX Explained
In order to reduce risk and increase the potential profit, most traders utilize the strategy of trading in the direction of strong trends. One of the forex indicators that allow…
EA Backtesting and Optimization
You probably know that when you develop or purchase a new Expert Advisor, the first thing you have to do is to test it. Then if the test was successful…
Forex Indicators: Donchian Channels Explained
Modern trading relies on complicated market analysis by using various nonlinear technical indicators that rely on complex mathematics, econometrics, and artificial intelligence. However, even as the amount of pre-installed forex…