Whenever mountaineers hike through unfamiliar treks, especially if the situation requires them to climb through dangerous mountain walls, there are tools that they use in order to ensure their safety. Harness are used to secure themselves from unintentional slips that would put them to mortal danger. In Forex, traders also has this kind of tools…. Read more

Traders guided by the technical analysis are familiar with classical patterns. Anyway it is also useful to learn about quite rare reversal pattern called “Diamond Pattern”. The pattern is formed between two spikes making it possible to get profit from the second one. The spike magnitude sometimes yields enough for buying a small diamond. Support… Read more

Each trader has his personal approach to the situation on currency market and his own trading methods and trading system. Each one chooses the strategy that to his mind is the most effective. As a rule, the opinions of traders on that subject are different. But today we will focus on the most popular strategy… Read more

Traders analyze Forex market in order to make a forecast that will enable to increase the profitability of transactions. Forecast is the part of a trading plan. Different methods of analysis are used to define long-term trends, favorable conditions for opening and closing of deals, prospect price rebounds etc. As a rule, there are two… Read more

Forex is enveloped in myths and delusions. Having no idea about currency market functioning and work mechanisms people ascribe to Forex and trading such things that do not quadrate to facts. Let us consider the most widespread legends. 1. Forex is a complete deception. Another variant of this phrase is: “Forex is a casino where… Read more