Support and Resistance based trading

What is Support and resistance in forex trading

05/12/2011 Editorial Team 0

If the Forex market moves up and then drops back down some, the highest point that it has reached before the drop down is now resistance. As the market goes back up again, the lowest point which it reached before it starts to climb again is now the support. An uptrend line, in its most basic form, is drawn along the identifiable valleys, or support areas.

Who are forex market participants

04/05/2011 Editorial Team 0

Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and not known to players outside the inner circle.

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What asset is best for binary options trading

11/28/2010 Editorial Team 1

In order to profit from binary options trading, it is important for the trader to determine the right asset. At present, binary options brokers offers a variety of stocks, commodities, currencies and indices. This article takes a look at the most viable assets to trade in Binary Options.

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What is an ECN

11/27/2010 Editorial Team 0

Commonly used in the Forex industry, also known as Electronic Communication Network. The primary products that are traded on ECNs are stocks and currencies. This article explains in detail all about ECN.

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Forex Spreads Explained

10/30/2010 Editorial Team 0

In the forex markets investors trade one currency for another resulting in bid and ask. The difference between bid and ask price is called as a spread.