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Slippage occurs when currency prices change while an order is being placed, causing traders to enter or exit a trade at a price that is higher or lower than they desired.
Moving average convergence divergence (MACD) is an oscillator-style technical indicator that has become one of the most popular tools among forex traders.
The cup with handle pattern foreshadows an upward price continuation following market hesitation, and a test toward a possible downward move.
A doji is a candlestick with a closing price very near to its opening price. It is unique to other candlesticks because its body is very small or nonexistent.
The hammer is an easily identifiable candlestick charting formation that often foreshadows a bullish reversal and can be useful in tracking short-term price action.
Pipe bottoms and pipe tops provide the trader an indication that a prevailing trend may continue or may be coming to end.
Currency trading (aka forex trading) is the exchange of one nation’s currency for another's, which offers options to capitalise on changing values.
Find out more about how traders look for trends based on alterations in fundamental economic and political indicators that can influence currency flows.
CFD products allow buyers and sellers to exchange the difference between the present price of an underlying asset and the price when the contract is closed.
Among visual indicators, the double top and double bottom are considered amongst the most convenient and reliable for trying to predict a turnaround in price tendencies.
The easily identifiable double-top and head-and-shoulders chart formations are well known patterns for trying to predict trend reversals. Another reversal pattern that shows similar characteristics is the triple-top, triple-bottom formation. This formation can be understood as a variation on double tops and head and shoulders that presents some of the same telltale signals as those other patterns. Whereas double tops and double bottoms make familiar M and W formations on…
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