A pip stands for percentage in point or price interest point. It is a unit of measurement which is using to express the change in the value of the currency pair. Pip quotes to the fourth decimal places in a currency pair whereas in Japanese Yen pairs a pip quotes to… Read More »What is Pips and Pipettes How to Calculate its Value
First of all, before starting the topic of Forex Currency Pairs, let us see how precisely the term currency is explained. The word currency is used to denote any form of money in public circulation which is used to facilitate the transactions. The currency includes both hard cash as coins… Read More »Forex Currency Pairs-Major & Cross Forex Currency Pairs
The Foreign Exchange Market knows as “Forex Market,” “Currency Trading Market” or “Fx.” It is a market where participants buy, sell and exchange currencies with each other. Forex Trading is the most significant financial market in the world with a daily turnover (buying, selling & exchange) more than 5.1 trillion dollars.… Read More »What is Forex and When Does the Forex Market Open & Close
There are three most popular forms of charts Firstly Line Charts Secondly Bar Charts and Thirdly Candlestick charts. These forex charts are used by traders in Forex and Stock trading to analyze the price movements the markets Line Charts Bar Charts Candlestick Charts Now I will explain each type of chart… Read More »Types of Forex Charts Candlestick Charts Line Charts Bar Charts
In the first and second article, we have learned about the basic concepts of Japanese Candlesticks. In this article, I am going to tell you about Standard Japanese Candlesticks, how to get information from Candlesticks Charts and how to use them for entering of trades. Marubozu Japanese Candlesticks A candle… Read More »Japanese Candlesticks Marubozu, Spinning Top and Doji
It is the second article regarding the Candlesticks. In the first section, you learned the basics of Candlesticks. In this article, I am going to tell you that how to read the different kinds of Japanese Candlesticks. Baby/Natural Candlestick Newborn candlestick neither bullish nor bearish like in the picture below. It… Read More »How to Read the Different Kinds of Japanese Candlesticks
In this small article, I am going to tell you that how to get the information from Candlesticks Charts and Candlesticks Charts are a most effective way of visualizing price movements in the Forex Market. Thus, you must know the basics of Japanese Candlestick patterns so you can understand the… Read More »Learn about the Basics Concepts of Japanese Candlesticks
This small article explains about Hummer Candlestick. As we know that Price Action Forex Traders are using various patterns of candlesticks like Doji, an abandoned baby, Morning Star ,Evening Star Doji, Gravestone Doji, Short body candles, Long Shadow candles, Evening Star, Morning Star, Hanging Man, Spinning Top, Shooting Star, Dark Cloud Cover, Engulfing Patterns, Piercing Line, Candlestick Sandwich, Three Green Soldiers… Read More »Hummer Candlestick Formation and Single Candle Strategy
Forex Traders mostly ask me a question why do trades move against us? Therefore, through this small article, I decide to define this issue briefly. Whenever I enter a trade, I always consider first this point where the price has stalled in the past. It is easy to know and… Read More »Why do Forex Trades move against us?