Japanese candlesticks represent the best type of a chart. It surpasses the line chart significantly and is just more visually pleasurable than the bar chart. Knowing that technical indicators have plenty of drawbacks (they lag, they redraw, they are too ambiguous) understanding price action itself is a must. Japanese candlesticks in this sense can
Party members to decide on coalition with Merkel Germany’s Social Democrats will count hundreds of thousands of votes from party members to determine if the rank-and-file will accept a coalition with Merkel. The votes will be counted overnight and determine if the grand coalition negotiated over the past four months will take place. Party leaders
                        Technical analysis offers a lot of instruments to determine important levels. We draw these levels through previous highs and lows, find them with the help of Fibonacci tools and pivot points, trendlines etc. At first sight, the theory is simple: when the price breaks an important level, it means that it should continue moving
Decent moves so far in both currencies 13 Oct Euro pairs lower as bunds head higher. No prime movers cited so far but we’re seeing EURGBP continue its move lower to post 0.8878 with EURUSD down to 1.1815. EURJPY a notable mover too with a break of 132.50-70 triggering acceleration through to post 132.20 as
EAs, also known loosely as “forex robots”, are trading platform add-ons that have the ability to automate certain trading actions. There are various types of off the shelf solutions, including STO’s EAs included with Premium, Pro and VIP accounts which diverse functionality that can help you with opening and closing positions, analyzing data and even
“Just follow a trend”, they said. “Buy in an uptrend, sell in a downtrend. It’s as simple as it sounds”. Everyone who tried trading knows that trend trading is not that simple at all. A quote presumably by Leonardo da Vinci comes to mind: “Simplicity is the ultimate sophistication.” In this article we’d like to