3. Advance Tutorial

Fundamental analysis indicators in forex trading Now that we have covered what fundamental analysis is, let’s look at an example to see how it works when trading a specific currency pair. Let’s say you’re interested in USD/JPY. First, you would look at the economic conditions in both the U.S. and Japan. Then, you’d look at any upcoming…

What is fundamental analysis? Fundamental analysis is a valuation method used to assess the value of a currency pair in forex trading. It is based on the idea that all assets have a fair market value and tend to correct back to that value. When looking at currencies, movements are largely based on supply, demand,…

Popular technical indicators in Forex trading Technical indicators are another tool traders can use to get deeper market insights. If you’re unfamiliar, technical indicators are mathematical calculations plotted on a price chart and they attempt to forecast future price movements. For more information, check out our tutorial on technical analysis. Moving Averages: the market’s favorite indicators…

Chart patterns to watch out for As your trading knowledge expands, you’ll need to dive deeper into the world of charts. Luckily, we’re here to shed some light on what you need to look out for. This tutorial will explain how charts and chart patterns are powerful tools to use at your disposal. How are…

What are trends and channels? Trend lines, or trends, are powerful but easy-to-use technical analysis tools that can help you determine whether an instrument’s price is climbing, dropping, or moving sideways. If plotted correctly, they can even show you critical levels of support and resistance. Channels function in a similar way but can define support…

What is a breakout? We’ve seen how support and resistance levels can act as boundaries, limiting an instrument’s market movements. But these levels can’t hold forever, so, what happens when they are broken? These events are known as breakouts and can often result in significant price movements and increased volatility. Why do breakouts happen? If…

What are support and resistance? Support and resistance are central to technical analysis, acting as possible boundaries that seem to limit an asset’s market movements. Although setting support and resistance levels is by no means an exact science, they are still deemed so important, traders often base their entire strategy on them. But what exactly…

What is technical analysis? So, you understand how trading works, but are still wondering how to know what to trade and when. Well, traders often inform their decisions by conducting market analysis, which involves utilizing the information available at present, to make an educated prediction about future price movements. There are two main types of…