Forex Appendix – Forex Definitions: For the purposes of this document, and for an understanding of general industry terms, we have put together a list of terminology definitions: Brokerage = legal entity allowed to open customer accounts and collect customer money. Broker = an employee of the brokerage that is working with a customer. Introducing […]
The Elliott Waves Theory survived the test of time to become of the most widely used trading theory in the market. Ralph Elliott built a logical process that splits the market moves into impulsive and corrective ones, using numbers to depict impulsive levels and letters for corrective levels. Based on many rules, the Elliott […]
A Forex trading system that works is one that combines technical and fundamental analysis. However, it is not enough to continually make a profit, if there is no money management plan too. The main use of a Fibonacci method for trading is to find out support and resistance levels. Support and resistance in Forex come […]
Trading platforms offered by any Forex broker in the 21st-century have many Fibonacci tools to analyze the market. The tools vary based on the trading strategy and the Fibonacci method for trading. If you ask a trader to say something about the Fibonacci ratios quickly, most likely the answer relates around the 61.8% or other […]
Technical analysis would be much poorer if it weren’t for the Fibonacci numbers. More precisely, the Fibonacci ratios brought together new trading concepts, strategies, and even theories. Some traders use the Fibonacci method for trading and built a Forex trading system directly buying dips into Fibonacci levels or selling spikes in important ratios. The name […]
The Elliott Wave method quickly became one of the favourite ways to trade financial markets due to the concept’s simplicity and effectiveness. Ralph Elliott built a Forex trading system that asks traders to answer a simple question: is a market move an impulsive or a corrective wave. What is an Impulsive Wave? Also called a […]
