23rd June 2011
Parabolic SAR or parabolic Stop and Reverse is one of the most visual technical indicator. SAR trails the price as the trend goes on. The rising dots below the price action which move up when the price is moving up and hence indicating uptrend. The fallin...
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23rd June 2011
Charts came into existence to make the changing figures visual. Charts help us in analysis especially when the data is huge. With huge data it is very difficult to analyze the figures in a table and hence a graph or chart comes handy.
Charts also impro...
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23rd June 2011
Fibonacci analysis started with retracements of prices during a trend according to Fibonacci sequence. And it is really surprising how many times we see the trending prices retracing to Fibonacci levels of 38.2%, 50% or 61.8% and then continuing the trend...
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23rd June 2011
US Dollar has always maintained its leadership position when it comes to the foreign exchange reserves held by different nations. It has also always maintained its leadership position as a safe haven currency. Between 1995 to 1999 the global Forex reserve...
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23rd June 2011
Unlike stocks where a stock may have an uptrend if the company keeps coming out with good results or vice versa, in foreign exchange market the value of a currency depends not only the health of the economy of the nation in concern but also on the other e...
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23rd June 2011
Bollinger bands do not need an introduction to any trader whether novice or professional and whether it is stocks or Forex or any commodities. Bollinger bands find a way to the trading charts of majority of traders even if they are not used as signal gene...
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23rd June 2011
When to enter the market or take a position and when to exit are the keys. Well, another very important key is where to put the stop-loss orders. In continuously changing market because of high volumes, the first thing we would like to know is what is the...
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19th March 2010
Currencies are priced in pairs, no single pair trades completely independently of the others. This makes the understanding of correlation very important.
For example, currency pair "A" moves in the same direction as pair "B" and we have been following ...
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The author is a the founder of ForexAbode.com and an analyst. ForexAbode.com: Provides daily and long term trading Forex analysis for major currency pairs like eur/usd, usd/jpy, gbp/usd, aud/usd etc. Also provides trading assistance by way of news, economic calendar, currency converter, charts and trading tools like pivot points, currency correlation etc including a Forex Forum
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