Poll: What is the single most effective tool for trading forex?
Forex Poll (FXpath.com) – Although the vast majority of traders use a variety of different tools in their forex trading, most traders have a favorite tool, technique, or strategy upon which they tend to rely more heavily than others. The purpose of this poll, though neither exhaustive nor scientific, is to identify those tools that [...]
Learn Forex – Trading Forex Naked on Price Action Alone
Learn Forex (FXpath.com) – When traders talk about ”trading naked,” they are usually referring to one of two meanings. One of those meanings will not be delved into here. The second meaning alludes to the use of charts that are devoid of mechanical indicators. Why trade without indicators? Naked traders would argue that mechanical indicators are primarily just mathematical derivatives [...]
Learn Forex – Seeking Confluence when Trading Forex
Learn Forex / Forex Books (FXpath.com) – Following is an excerpt from my 2nd book, Essentials of Technical Analysis for Financial Markets (John Wiley & Sons, 2010), in which the important subject of seeking confluence in trading is discussed: “The vitally important concept of confluence within the realm of technical trading may mean different things to [...]
Learn Forex – The Essentials of Support and Resistance in Forex Trading
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – The key concepts of support and resistance are undoubtedly among the most important and most followed aspects of both technical analysis and forex trading in general. Whether you are a technical trader, a fundamental trader, a combination of the two, or something else altogether, [...]
