Today Trading Signals
This forex strategy is not about magic indicators that will give you the best signals and you will make loads of money. It is about understanding the fundamentals in forex trading and learning who is driving the market.
In this forex strategy, we will show you how to profit on major releases, such as monetary policy meetings and nonfarm payrolls. You don’t need to be an expert in fundamentals to understand the strategy, but you should at least learn some basics.
Trading pullbacks could be a profitable strategy, you sell the pullback in a downtrend and you buy it in an uptrend. It looks easy on a screenshot, but defining your entry when you trade live is not always so clear. Make sure to trade not only with the trend but also with the market sentiment.
The Elliott Wave theory is one of the most popular subjects in trading and many traders claim that it actually works, so you better pay attention to this lesson. As a forex trader, you obviously want to know when to enter and when to exit the market. Mr. Elliott’s theory might give you some clues.
The flag patterns are continuation patterns, which means the price enters a brief consolidation period before it continues in the trend direction. Traders would expect to recognize bullish flags on up trends and bearish flags on down trends.
Candlestick price action makes use of the hollow (or filled) candlestick pattern and the wicks (or shadows), which determine the open and close and the high and low, respectively. Based on distinct patterns, candlestick price action can help traders to determine what is happening in the forex and crypto markets.
It is not always easy to find a good forex broker because there are so many shady brokers located in offshore countries who work like casinos. They operate unregulated and lure new customers with higher leverage and sign-up bonuses.
Fortrade is a STP forex broker regulated by FCA (UK) and ASIC (AU). The company is based in London, UK and offers Forex and CFD trading on a custom web platform. Retail traders can use leverage up to 1:200 to profit on the markets.
If you are bored trading on an old-school MetaTrader 4 platform, you will find the IQ Option web platform quite exciting and powerful. Trades are executed in a second, and you can choose between 400 assets to trade from. The company runs a web platform and mobile app with different trading instruments.