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What if there was a way to make money quickly even if you had no idea whether the market would move up or down? It’s possible as long as there is sufficient price volatility. And when can you get this volatility? When news like economic data or central bank announcements is released! The first

The first thing you’re going to learn is how to calculate pivot point levels. The pivot point and associated support and resistance levels are calculated by using the last trading session’s open, high, low, and close. Since forex is a 24-hour market, most forex traders use the New York closing time

The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. Just like good ole support and resistance, the price will test the levels repeatedly. The more times a currency pair touches a pivot level then reverses, the stronger

When trading the news, you can either have a directional bias or a non-directional bias. Here are some other things to keep in mind when news trading: When you have a directional bias, you are expecting the price to move in a certain direction, and you’ve got your orders in already.It is always

There’s no single strategy for trading the news. When the news hits, the price tends to spike in one direction or has a muted reaction to the data as traders digest the outcome against market expectations. Knowing this, there are two main approaches to trade the news: a) Having a directional bi

As forex traders, it’s important to pay attention to major economic data releases, speeches from government officials, and geopolitical events. Why? Because this information usually reflects the strength of a given economy and may indicate the future direction of a given currency. Trading the n

When a double top or double bottom chart pattern appears, a trend reversal has begun. Let’s learn how to identify these chart patterns and trade them. Double Top A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price

#OPINIONLEADER# When the first time entered forex business, the first thing that came into mind was the question what if I suffered a loss or whether the broker I used would side with me or cheat on me and make me lose all the capital I used to trade. All these questi

Now on to the good stuff: Just how profitable is each technical indicator on its own? After all, forex traders don’t include these technical indicators just to make their charts look nicer. Traders are in the business of making money! If these indicators generate signals that don’t transla

Welcome to FOLLOWME. FOLLOWME is a social trading network designed to establish connection with Foreign Exchange investors from around the world. Within this community, you can share your trading experiences, strategies and exchange ideas with other investors. While FOLLOWME strikes to provide a use

Before developing a ‘Trade the News” strategy, we have to look at which news events are even worth trading. You want to be able to answer, “Which news releases should I trade?” Forex traders should familiarize themselves with the key event risks that heavily impact the major currencie