Category: Forex Articles

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Technical Indicators Tutorial

Price is the primary tool of technical analysis because it reflects every factor affecting the value of a market. However, price doesn’t produce just trend lines and basic chart patterns. Analysts have expanded their...

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Why Does Technical Analysis Work?

Technical analysis describes different ways of predicting the future of the underlying market based on its history. Unfortunately, technical analysis is not an exact science. Many prominent scientists label it as “voodoo science”. They...

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How to Choose Your Forex Broker

Without a reliable broker, even the best traders may have a limited chance of success. Every trader I know has at least one horror story about his/her broker. What happens if you try to...

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The Concept of Leverage

Many beginning traders don’t fully understand the concept of leverage. Basically, if you have a start up capital of $5,000 and if you trade on a 1:50 margin you can effectively control a capital...

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What is the Pip in Forex Trading ?

The pip is the smallest price change of the exchange rate. For example when trading EUR/USD the smallest price change is 0.0001, for example a move from 1.5231 to 1.5232 is called a 1...

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Understanding the Standard Contract Size

When trading a currency pair, the standard contract size is called a “lot”. A lot can have different values for different currency pairs. At present, the major currency pairs have the lot value equal...