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Flags Chart Patterns

Flags Chart Patterns

Chart patterns are good warning signs as well. If properly identified, it can help anticipate when the price would continue or when it will reverse. I pay close attention to flags, head and shoulders, and triangles. Now we will talk about Flags : When the price makes a sudden move up or down, it forms a very steep angle. This ... Read More »

What is the Spread

What is the Spread

  What is the Spread ? Your broker will need to make a little money by offering you the services they do, it’s a business and it’s only fair they make their cut. They do not charge you upfront for anything, there is no cost to open or fund an account. How a broker makes their money from you is ... Read More »

What is the Broker’s Role

What is the Broker’s Role

  What is the Broker’s Role ,,,   The buying and selling is all handled by our broker. We find a Forex broker, fund an account and place our trades using their trading platform. The FX broker has made everything very simple. We fund our accounts generally with US dollars which the broker will gladly convert for you if you use ... Read More »

What is Forex

What is Forex

  What is Forex ?   Forex is short for Foreign Exchange. More specifically, it is the “foreign exchange currency markets”, and sometimes referred to as the FX market or even the Spot market. This is where money is traded for money. The value of each country’s currency changes a little bit by the second, and as Forex traders, we ... Read More »

Bollinger Bands indicator

Bollinger Bands indicator

  The Bollinger Bands is a momentum indicator that gives an excellent visual representation of the market’s volatility. When the market is quiet, the bands are much closer together, but when the market is very volatile, the bands are far apart. There are three parts of this indicator: a 20 period Simple Moving Average (20 SMA) found in the middle, ... Read More »

Triangles Chart Pattern

Triangles Chart Pattern

Triangles Chart Pattern A triangle is a corrective chart pattern where the price moves in between two converging trendlines. Trendlines are used to identify the triangles, and depending on the slope, triangles can be classified as: symmetrical, ascending and descending. A triangle is completed by a break of the upper or lower trendline as the price approaches the tip of ... Read More »

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