Discovering Forex Currencies – Part 1

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When it comes to trading foreign currency pairs, everyone knows the heavy hitters; pairs such as GBP/USD, Eurodollar or DollarYen immediately spring to mind. For many FX traders, it seems that the world revolves only around a few major currencies; … Continued

Technical Indicators V: Moving Average Convergence Divergence (MACD)

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Moving Average Convergence Divergence (MACD) shows the difference of two moving averages – EMA12 and EMA26, and a 9-day EMA of the difference is plotted against it to trigger buy or sell signal. There are three parameters in MACD: MACD … Continued

Technical Indicators I: Introduction

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Technical indicators are statistics of past market data base on different mathematical calculations. Traders use technical indicators extensively in technical analysis to predict the continuance and the reversals in currency trends. There are two major types of technical indicators: trend … Continued

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