Ichimoku Charts

The Ichimoku charts, another form of technical analysis,  have made their way from Japan. Having grown in popularity, they are often called “cloud charts” because of the central characteristic of the system- a cloud. The cloud is the space between …

Trend Lines

Recognizing trends in the forex market is key to any currency trader’s strategy. If the trade is made in the position of the direction of the prevailing trend, a profitable trade is likely. In the forex market, trends can be …

Forex Market Technical Analysis Charts

Analyzing charts is at the core of technical analysis for forex market traders. The charts can be quite detailed but a much simpler analysis often will suffice. There are two main types of charts: bar charts and candlestick charts. Bar …

Long-Term Macroeconomic Forex Trading

Long-term macroeconomic trading is the big leagues of forex trading. It involves holding positions for weeks, months and perhaps even years at a time. Therefore, it is traditionally used for hedge funds and other institutions. There are a variety of …

Medium-Term Directional Forex Trading

Short-term, high-frequency day trading is but a blink in the forex market. However, medium-term directional trading isn’t much longer. For medium-term traders, a position is usually held for periods of a few hours to a day or two. Just as …

Short-term Forex Day Trading

Short-term trading in the forex market functions much like short-term trading in most other markets. However, the designation “short-term” in the forex market takes on an entirely new meaning. Short-term trading with currencies typically means holding a position for only …

Trading Minor Currency Pairs

Most of the forex market trading occurs with the major currency pairs. There are three minor currency pairs, also known as small dollar pairs, which complete the pairs featuring the U.S. dollar. Together, the minor currency pairs are commonly designated …

Trading the USD/CHF

The USD/CHF trading pair pits the U.S. dollar against the Swiss franc. It’s nickname is the “safe haven currency” because  investors tend to turn to this currency to perform better during times of geo-political tensions and other uncertainties. It is …

Trading the GBP/USD

The GBP/USD currency pair, compares the British Pound against the United States Dollar. It is considered part of the majors in the forex market. However, it does significantly less trading volume than the EUR/USD and the USD/JPY. The British economy …

Trading the USD/JPY

This currency pair pits the United States Dollar against the Japanese Yen. It is a major currency pair to watch but can be more challenging than the other majors in the forex market. Japan has the third largest national economy …