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One of the most important elements of a successful forex trading strategy is timing. Essentially, this is about determining when to enter and exit a trade. To put it simply, timing is about determining at what price levels you should buy and sell. Unlike gambling where you use your gut feel most of the time

A pivot point is a Forex indicator. Emphasis is made on the price movement (i.e. low, high, and close) of previous trading days or earlier points within the current trading day. Simply put, if a specific, usually current market trades is above the pivot point vis a vis previous markets, then the same is bullish.

Nick Stott, a successful bond trader who day traded for a living, developed the Camarilla Pivot Point Calculator in 1989. Stott developed this tool based on his observation that when the market has a significantly wide spread between the high and the low on the previous session, the current session’s price tend to retreat back

Pivot Point Calculators compute at least 3 resistance points (R1, R2, R3) and 3 support points (S1, S2, S3). R3 and S3 serve as the major resistance and support respectively where much of the buy and sell orders tend to converge. The rest are minor resistances and support where you will also notice significant action.

Pivot points are essentially resistances and support and there are several pivot point calculators that have been developed to determine these pivot points. However, almost all pivot point calculators are lagging indicators and are handicapped by their failure to forecast future trends. Traditionally resistance and support lines are drawn by connecting tops and bottoms and

A pip calculator is one of the more popular tools for Forex traders today. This calculator helps individuals attach a numerical value to pips – the smallest increment in the Foreign Exchange industry. Ideal for All Trader Types Pip is the smallest unit of Forex trading and is relevant to all traders regardless of what

Using a pip calculator is fairly common nowadays, as more and more traders understand just how important this is to achieve excellent results with their trading. Prior to understanding exactly what the calculator can do however, individuals need to first understand exactly what pip means and how it relates with Forex trading. What is Pip?

A pip calculator is a common tool in today’s Foreign Exchange trading industry. The calculator is used to determine differences between pips and how they will relate to the trader’s earnings. A most people already know, a pip is the smallest increment for currencies. It stands for “price interest point” and is often likened to

It isn’t surprising for new traders to feel confused when encountering the basics of Forex. Although it is somewhat related to stock trading, there are terms and actions that are unique within this industry. Pip and the use of pip calculator is actually one of those. For traders who are already wondering about pip and

A pip calculator is currently one of the most common tools used in Forex or the Foreign Exchange industry today. Pip basically refers to the smallest unit within the trading system. This is a point that characterizes any change in the value of a currency pair. One pip is usually equal to one point but