Forex Trading Tools and Strategies

  • The Best Forex Indicators For Currency Traders

    Achieving success in the foreign exchange (forex) marketplace can be challenging. Nonetheless, traders from around the globe, both experienced and novice, attempt to do exactly that on a daily basis. Given the above-average failure rate of new entrants to the market, one has to wonder how long-run profitability may be attained via forex trading. Among the many ways that forex participants approach the market is through the application of technical…

  • The New ECB Monetary Policy Strategy and the EURUSD

    The ECB Changes Monetary Policy Strategy to Symmetric Target On 8 July the ECB announced its new monetary policy strategy of symmetric 2% inflation over the medium term. The target is symmetric in that any deviation, be it positive or negative, is regarded as "equally undesirable." Market participants were eager to learn more and there was a keen focus on the ECB statement and President's Lagarde's press conference on 22…

  • How To Use Bollinger Bands In Forex

    The main purpose of Bollinger Bands® is to help traders determine whether assets are reasonably priced, and whether prices in the market are stable or may be moving toward different levels. This information can be potentially helpful for investors because it can determine the following: whether they are paying a fair price for the asset, whether it is too costly, or whether it is a bargain purchase that could result…

  • Sterling Ratio

    The Sterling ratio is an risk-adjusted investment performance measure. Similar to the Sharpe and Sortino ratios, the Sterling ratio is used to define how efficiently risk capital is being allocated. It is frequently implemented by individual investors and hedge funds in the arena of portfolio management. What Is The Sterling Ratio? In practice, the Sterling ratio quantifies investment performance by comparing periodic returns to periodic drawdowns. The unique aspect of…

  • Pivot Point Calculator

    A pivot point is a technical tool used in forex trading to determine potential support and resistance levels and the direction of a prevailing trend. While the basis of the indicator is rooted in elementary arithmetic, performing the necessary computations manually is time consuming and cumbersome. However, through the use of the Pivot Point Calculator, traders can quickly and easily execute the necessary calculations in an efficient manner. Warning: Ad-blockers…

  • Forex Profit Calculator

    In live forex trading, having a solid understanding of your profit and loss (P&L) potential at any given time is a must. It is simply not enough to place a trade and hope for positive results. Quantifying the upside of an open position, as well as its downside liability, is a great way to ensure consistent and responsible risk management. Warning: Ad-blockers may prevent calculator from loading. However, completing this…

  • Pip Calculator

    In forex, the term "pip" is an acronym that stands for "percentage in point." Pips represent the smallest increments of currency pricing and are key to the establishment of bid/ask spreads. For the active forex trader, pips play an important role in both risk and trade management. Warning: Ad-blockers may prevent calculator from loading. Exchange rate fluctuations are typically quantified in pips, making them the de facto measurement of profit…

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