Zahir Shah

The candlestick models have been in use since the early 19th century. The engulfing pattern is a reversal candlestick pattern. It indicates that the current trend is changing its direction. Once you interpret the pattern correctly, your chances of entering the market at the start of a trend increase considerably. What is an engulfing pattern? […]

You might have often seen gaps on the price charts. You might have also wondered why do these gaps occur. Mostly we see the gaps when a new week begins. You can use these gaps in your favor while trading. You can devise a trading strategy with an acceptable risk to reward ratio. Let’s explore

There is no surprise that the candlestick patterns are known to any trader working in this business. As a trader, even if you do not use candlestick analysis, you must at least know how to identify it on the charts and benefit from them. Unfortunately, it is a highly taxing job for most traders to

The GBP/USD is the second most traded currency pair in the global financial markets and one of the most popular among beginner forex traders because of its high levels of liquidity. Although the UK economy no longer has the dominant position it once commanded in the global economy, it is still significant due to London’s

Trading in the foreign exchange market may seem financially rewarding. However, when venturing into forex, a trader should attend to the fundamentals beforehand; he should learn about the operations of the market. A brilliant way is via registration for webinars offered by seasoned forex traders. Just make sure that video and audio components are working

One of the main considerations you must take into account when choosing a forex broker is the kind of trading platform they offer for your use. Different brokers have different trading platforms. Some are proprietary while others are made by third party providers for public use. You cannot undermine the importance of choosing the most

The Elliot Wave is a popular method of analyzing the forex markets to identify trading opportunities. It is based on the theory that the markets would reflect nature and prices would move in a five wave pattern. Of these, the first, third and fifth would be upwaves, which are separated by downwaves (waves two and

No one can undermine the importance of a forex calendar to a foreign currency trader. In fact, every dyed-in-the-wool forex trader cannot do without it. They are always on the lookout for clues on when the market can possibly go ballistic. To them, volatility breeds plenty of trading opportunities. While most conservative traders would normally