Japanese Candlestick Patterns: A Round-Up I

So, far, in the previous posts, we have talked extensively about the importance of candlestick patterns in Forex trading. The Japanese candlestick chart, as earlier pointed out, is arguably the most useful tool in the toolbox of any Forex trader. In fact, most Forex trading strategies are based on it. Hence, the need for this […]

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Using Japanese Candlestick Patterns with Support and Resistance

At this point, you should have a sound grasp of the different candlestick patterns – from the basic and single candlestick patterns to the dual and triple ones. Essentially, you have learned how the basic and single patterns can be used to predict potential market reversals. If you want to succeed as a Forex trader, […]

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Using Technical Analysis to Approach the Forex Market IV (Triple Candlestick Patterns)

In our previous post in which we discussed Dual Candlestick Patterns, we introduced the concept of market momentum. We noted how it is the primary factor that determines if and when the market will continue on its chosen course or reverse from it. Knowing the momentum of the market, at any time, is like knowing […]

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Using Technical Analysis to Approach the Forex Market III (Dual Candlestick Patterns)

Single candlestick patterns are useful, and it may appear that it is possible to detect potential trend reversals with a single candle stick. However, in reality the confirmation of trend reversals requires more validation beyond the single candlestick patterns. Single candlestick patterns do present many great opportunities but sometimes they are not the most effective […]

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Using Technical Analysis to Approach the Forex Market II

In our previous post, we discussed basic candlestick patterns. By now, you should be able to identify them, the Spinning Tops, Marubozu, and Doji if you see them in charts. Beyond identification, you should also be able to discern what each means so that you can take smart decisions with them in the course of […]

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Using Technical Analysis to Approach the Forex Market I

From our previous blog posts, you should not be able to approach the Forex Market using fundamental analysis. However, that is not enough. In fact, many traders consider fundamental analysis to be a little bit dreary. So, they do not use it. Instead, they adhere strictly to Technical Analysis in approaching the market and making […]

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Using Fundamental Analysis to Approach the Forex Market II

Introduction Balance of Trade and Political Stability are two other critical factors you should watch. The two also determine the extent to which currencies are supplied and demanded, and subsequently their relative values. Here, we will be discussing them and how you can be getting reliable information on all of them. Balance of Trade The […]

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Using Fundamental Analysis to Approach the Forex Market I

In our previous post, we discussed how you can approach the Forex market. There, we introduced Fundamental Forex Analysis and Technical Forex Analysis. We understand that your interest has already been piqued. As a result, here, we will be delving into Fundamental Analysis and how you can use it to approach the Forex Market. After […]

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How to Approach the Forex Market

IntroductionThe Forex market can be tricky. At first, you might think you’ve really got it only for a chain of losing trades to prove you wrong. Hence, it is no surprise that so many lose. Apart from the lack of understanding of its basics, another reason for this is poor approach. Interestingly, the latter can […]

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The Basics of Forex Trading: IV

IntroductionIn our last three posts, we discussed the basics of Forex Trading. At this stage, you might already be feeling like a Forex basics god. However, wait. We are not done. You also need to be fluent with the terminology associated with trade placement. Here, you will find out. To Long or To Short? Forex […]

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The Basics of Forex Trading: III

Introduction We have covered a number of key topics already in our blog but there probably still more questions you want to ask. Like, how do Forex brokers make money, or are they offering a free service? You may also want to know more about price, the bid and ask price, and how your profits […]

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The Basics of Forex Trading: II

Introduction As we pointed out in the last post, the Forex market offers abundant opportunities for retail traders. At 1000pip Builder, we are a living testament to that. With just 2 to 7 trades per day and by concentrating on the major currency pairs, we aim for 350 pips a month. We wish that every […]

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The Basics of Forex Trading: I

Introduction You have been introduced to the Forex market in our last blog post. Now, you know how huge it is and what is traded. I expect that you are already excited about the prospect it holds. Indeed, the Forex market is full of opportunities for virtually everyone, irrespective of background. However, the fact is […]

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Forex 101

What is Forex? Foreign exchange trading, or Forex trading for short, is the buying and selling of currencies. This all happens in the global Forex market which is the largest of its kind in the world, with a turnover of over $5 trillion every day. Beyond the retail trading of currencies, Forex trading is an […]

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