What is Forex
What is Forex
Forex is a global currency trading market where foreign currencies of the world are traded. Simply put it is the buying and selling of currencies. Its also called the Foreign Exchange or FX.
Support and Resistance
Support and Resistance
There is a deep-seated misconception among newbie forex traders that when a market is moving in a certain direction it will move so in a perpendicular angle, I know this cos that’s how I thought so too initially but in reality the market moves in zig zags whether going long or short.
Oscillators and Momentum Indicators
Oscillators and Momentum Indicators
The most powerful tool of any forex trader is being able to identify whether the market is in trend or not, being able to work out if a trend is beginning or ending. Mastering this knowledge is one of the most powerful tools you can have as a forex trader.
EMA, RSI and Parabolic SAR Strategy
EMA, RSI and Parabolic SAR Strategy
For this strategy you are going to be using 3 indicators on MT4, Exponential Moving Average (EMA), Relative Strength Index (RSI) and Parabolic SAR.

Ideas

Batman Bearish D1 by Khoza on TradingView.com

Reviews of Brokers that I recommend and rebates that pay you just for trading
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Open Markets

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EA's and Indicators

Compilation of EA's and Indicators that I use or have used. These only assist in your trading and should in no way replace you or your trading skills.
So what is support and resistance? When the market is in an uptrend and the market pulls back, the highest point reached before a pull back is called resistance. When the market pulls back, the lowest point reached before the market starts going up again is support. In an upward trend resistance is also referred to as a higher high and support as a higher low.
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The most powerful tool of any forex trader is being able to identify whether the market is in trend or not, being able to work out if a trend is beginning or ending. Mastering this knowledge is one of the most powerful tools you can have as a forex trader. The strength of a trend is mostly referred to as momentum and there are several Momentum indicators, a type of Oscillator, that can measure this.
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Forex Screener

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