Custom Search

INTRODUCTION

Forex Market

It is important to understand that in the forex market you are trading currency pairs as a single unit. These pairs consist of two different currencies and are priced based on the value of one currency divided by the other.

Technically you are making two trades when you trade any forex pair. You are buying one currency while simultaneously selling the other.

With the AUD/USD you are buying the AUD while selling the USD when you go long the pair.

I ASKED FOREX AND SAID :

Price-based Indicators

These indicators are generally shown below or above the main price chart.

* Advance decline line - a popular indicator of market breadth
* Average Directional Index - a widely used indicator of trend strength
* Commodity Channel Index - identifies cyclical trends
* MACD - moving average convergence/divergence
* Relative Strength Index (RSI) - oscillator showing price strength
* Stochastic oscillator - close position within recent trading range
* Trix - an oscillator showing the slope of a triple-smoothed exponential moving average
* Momentum - the rate of price change
Posted by @

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)