Steve Connell

Because of their properties hammer candles are a useful trading signal in two situations: Trend reversals and retrace scalping.

In theory trailing stops provide a way for traders to limit losses and to lock in profits on individual trades. The basic idea of the trailing stop is that as a trade moves into profit, the stop level adjusts upwards in the case of a long (buy) trade or downwards in the case of a short trade.

Fibonacci fan is primarily a tool for analysing trends. The most basic use of Fibonacci fan is to mark out lines of support and resistance within a trend channel.

Demo accounts are where most people learn how to survive the ups and downs of trading financial markets. However it’s useful to keep in mind the differences between demo trading and live trading

Bollinger bands actually comprise three separate indicators and each tells you something about the price activity at a current point in the chart. This article looks at the Bollinger indicator, what each component of the indicator means.

The idea behind this scalping strategy is to catch the short wave retracements that take place when the market reaches a peak overbought or oversold state. It is best applied to ranges.

Trends are common in currency markets yet often traders find it impossible to profit from them. The vertical grid gets around this by aggregating the trend so that you enter the market near to the average.

The jobs market is a barometer to the health of the economy. Other than interest rate announcements from the Federal Reserve there are few pieces of economic data that will move markets as much as employment data.

Range trading is a simply yet powerful trading technique in forex. It complements a number of other strategies such as trend following and breakout trading but many use it successfully on its own.

Pivots are a tool often used by range traders and day traders to work out likely reversal points based on the previous day’s price activity. The beauty of pivots is their simplicity.