From the Blog

Stochastic Oscillator

Stochastic Oscillator

Stochastic Oscillator is a movement indicator used to find out support and resistance of a market. It is similar to RSI (relative strength index ) so is used to detect if a commodity Is over brought or oversold.  The indicator tends to use two lines, the K line and the D line. The K-line represents […]

Bullish and bearish engulfing pattern

Bullish and bearish engulfing pattern

This pattern occurs when the trader is using a candlestick chart. This pattern occurs when a larger candlestick fully engulfs the smaller candlestick from the period before. This pattern usually occurs during a downtrend and is thought to signal the beginning of a bullish trend in the security. How it works It involves two candles, in […]

Fibonacci Retracements

Fibonacci Retracements

What is Fibonacci Retracement? Fibonacci retracements is an In technical analysis technique used to predict the support and resistance levels of a commodity. They are created by taking two extreme points, for example, the market peak and the peak low on the chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, […]

The Richest Man in Babylon

The Richest Man in Babylon

This is one of my favorite books finance books, due to the way the book discusses financial issues still faced in this generation. The Richest Man in Babylon is a book by George Samuel Clason that dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing […]

Lagging vs leading indicator

Lagging vs leading indicator

Firstly I want to state that all indicators are based off prior information, but some are better at predicting future trends than others. The indicators that are better at predicting the future are called leading indicators. These indicators are based on the now price, but due to the lack of data, it is hard to […]

Heikin Ashi

Heikin Ashi

Heikin ashi is a form of candle stick chart and was created by the Japanese’s. Heikin ashi means “ average bar when translated from Japanese to English, this perfectly describes what the chart represents. Heikin ashi follows the same design and appearance of a standard candle stick chart, but it is better at showing trends […]

What is OHLC

What is OHLC

OHLC stands for open, high, low close. It is an abbreviation that represents the changes that occur on an asset over time. The changes can be large or small, but at the end of the time period, the OHLC changes. In markets, the OHLC level fluctuates drastically depending on trading activity. This could be due […]

Majors and Crosses

Majors and Crosses

Majors Majors are any currency pair that contain the US Dollar (USD), for example: EUR/USD GBP/USD AUD/USD ETC The position of the USD doesn’t matter. Due to socially accepted naming conventions the order of the currencies matters. USD/JPY USD/CHF USD/CAD ETC Crosses In short, a-cross is any currency pair that doesn’t contain the USD. Seeing […]

Short selling (forex market)

Short selling (forex market)

Short selling is the process of selling an asset the trader doesn’t own so that they can buy them back at a cheaper rate and keep the profit. This is a called a bearish trade in the forex market, due to the trader profiting off decreasing assets. The trader approaches the broker and borrows assets […]

Bulls vs Bear markets (forex market)

Bulls vs Bear markets (forex market)

Bears and bulls were literally once fierce opponents when it was popular to put them into an arena to fight one another. Matches using bulls and bears took place in the Elizabethan era in London and were also a popular spectator sport in ancient Rome. “Bulls make money, bears make money, pigs get slaughtered” is […]