Welcome to my blog. Here you will find a variety of information suitable for both novice and experienced traders. Using my currency trading experience, I aim to provide a great start and insight for Forex newcomers. Understanding the Forex basics provides a solid foundation for your success in the Forex world.
  • Risk Management. A Must!

    Risk Management. A Must!

    You believe that your strategy is awesome, that your technical analysis is accurate and given the latest profitable trades you’ve had, you may even think that you’re being favored by the odds. Keep dreaming, my … [more]
  • Are you a chartist or a fundamentalist?

    Are you a chartist or a fundamentalist?

    Price movements are never random. With the proper analysis of a currency pair’s chart and past price action history you may be able to predict future price movements, ..that is … [more]
  • Which currency pair is best for you?

    Which currency pair is best for you?

    First of all, I do not believe in the perfect currency pair. Some Forex pairs may seem too slow-moving, some others may show too much volatility for one’s taste. Depending on … [more]
  • Stochastic Oscillator

    Stochastic Oscillator

    The Stochastic Oscillator is yet another momentum indicator that tries to predict trend reversals by identifying overbought and oversold conditions. While its moving average-based calculations are rather complex, the simple thing to understand is that this indicator consists of two lines: the indicator itself, and a signal line. The values … [more]
  • Parabolic SAR

    Parabolic SAR

    One of my favorite technical indicators during trending markets is Parabolic SAR. This indicator by Welles Wilder, who also created the Relative Strength Index (RSI) indicator, aims to identify trend reversals. The name SAR is an abbreviation for “Stop And Reverse”. The indicator is displayed in the price data window and … [more]
  • MACD – Moving Average Convergence Divergence

    MACD – Moving Average Convergence Divergence

    Yet another indicator based on moving averages. MACD is a trend momentum indicator that is easily calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result is then plotted below the price data window. The second element of the MACD is a so-called trigger line (red … [more]
  • Envelopes

    Envelopes

    Similar to the RSI indicator and the Bollinger Bands®, this technical indicator aims to identify overbought and oversold conditions. It consists of two lines that are displayed over the price chart. The first line, usually of green color, is a moving average based on the high prices over a period … [more]
  • Alligator

    Alligator

    The Alligator indicator was developed by Bill Williams and it is based on moving averages. Using very colorful analogies to an alligator’s feeding routine, this trend-following indicator uses three different lines described as the alligator’s jaw (blue), teeth (red) and lips (green). Depending on the position of these lines to each … [more]