FX Trading News & Strategies from Australian Stock Report
This week’s FX Trading lesson focuses on the use of ‘bullish confirming price bars’ to give traders reliable signals to buy into trending FX pairs. While there are a plethora of bullish reversal bars patterns, with various uses and definitions, this article will focus primarily on one of our favourite price bar reversals – the ‘Pinocchio Nose Candle.’ Some [...]
We often get members writing in to ask about indicators, because they promise so much – an insight into future price movements. This week, we thought we’d provide you with an overview of four of the most commonly used technical indicators. Please note that the most used – and many would say the most effective [...]
ALWAYS USE STOPS……ALWAYS!!! Do you want to know why most novice FX traders fail? It’s because they don’t use stops to manage their risk. Now, traders may either simply not know that they exist, or choose not to use them. Either is a recipe for disaster. Other traders try to do the right thing by using stop losses, [...]
Some of the most volatile periods in FX markets coincide with the release of significant economic data. Some traders prefer to have open positions when new releases hit the market, whilst others avoid trading during these times. For your convenience, we have outlined some of the common releases that can materially impact currency markets. As [...]
Here at Australian Stock Report we reference Japanese candles in our charting. Since there’s so many different types of Japanese candlestick patterns, with very different – and often long! – names, it can seem like quite an overwhelming technique for new investors. Let’s have a look at the basics involved in Japanese candlesticks and discuss [...]
Do you want to know where 9 out of 10 novice traders fail? It’s from the lack of use of stop losses. Now, traders may either simply not know that they exist, or choose not to use them. Either is a recipe for disaster. Other traders try to do the right thing by using stop losses, only to [...]