It is a common trend to use a momentum indicator like stochastic oscillator to pinpoint potential trend reversals in Forex trading. Stochastic oscillator measures momentum by comparing the closing price to the trading range over a period of time. On the chart, stochastic oscillator is represented by two lines. There is the %K which is […]
How to Use Trendlines in Forex Trading
Another commonly used technical analysis tool in forex trading is trendlines. If used correctly, trendlines make excellent trading tools for forex traders, but they can become counterproductive and ineffective if used incorrectly. Incorrect use could also lead to falsely believing in the inexistence strength of a trend or the reversal of prices when the actual […]
Reasons Why Forex Traders Fail
When one ventures into a business, they get in having high hopes. There is always a future in someone one has ventured into. Unfortunately, it is not all businesses that are rosy. Sometimes people do it all right. They have the right capital, are in the right niche, and have targeted who is going to […]