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This forex trading technique is powerful as it allows you to profit no matter which way the market is going. By identifying trending markets, your hedge will protect you (and earn profits!) even if the market changes directions... (more)
For professional traders, the analysis of support and resistance levels is a crucial component of technical analysis. Here are a few cases where you can use a support and resistance forex trading strategy with trendlines... (more)
This forex trading strategy is based on price action. It will teach you how to identify the direction of a trend by looking at two different timeframes. Although it is possible to trade trends in a small timeframe, you must... (more)
The formation of a pin bar is actually a trend reversal featuring three bars. The term "Pin Bar" is an abbreviation of the term "Pinocchio Bar". Let's see how a pin bar is formed and how we can profit from it in the forex market...(more)
The following pivot point trading strategy has been around for a long time. The reason pivot points are so popular is that they are predictive as opposed to lagging. You use the previous day's information to calculate... (more)
The Commitment of Traders strategy is based on a weekly report where large institutional traders have to disclose their long and short positions. It is useful as it helps you determine when a market reversal is looming. It's... (more)
This strategy is a basic scalping strategy that aims to make quick gains off of the day's high or low. The rules for entry are very basic and easy to follow. Exit, on the other hand, requires you to make a judgement call and... (more)
Richard Demille Wyckoff (1873-1934) was named in 2002 as one of the 5 titans of technical analysis by Technical Analysis of Stocks & Commodities magazine. His methods of analysis, which compare prices in relation to volume, were later expanded upon by Tom Williams. VSA is an analytical technique based on the transactions of professional traders, it provides information on why and when traders are positioning themselves in markets... (more)
Charles Henry Dow (1850-1902) is considered to be one of the fathers of technical analysis. Along with Edward D. Jones, he co-founded the Wall Street Journal. With the objective of predicting the future evolution of the economy, he created the Dow Jones index, the oldest stock market index in the world. Despite the significant evolution of the financial markets, Charles Dow's theory is still valid today. Nevertheless, after his death, William Hamilton... (more)
At the end of the 1930s, Ralph Nelson Elliott (1871-1948) published the "Wave Principle", having been inspired by Dow's theory and Italien mathematician Fibonacci's golden number. Elliott believes that the markets don't evolve in a random manner, but instead follow repeated trend cycles (up or down) that are influenced by nature and human behavior. Elliott defined precise rules in his theory, using established chart paterns. These financial market... (more)
William Delbert Gann, a famous American trader (1878-1955) earned $50 million during the Great Depression. In 1933, he performed 479 trades - 422 of which were winners - which enabled him to achieve an overall gain of 4000%! He is credited with the design of a stock market forecasting system that is based more on dates than it is on prices. 1) Never risk more than 10% of your trading capital in a single trade. 2) Always use stop-loss orders. 3) Never... (more)
Forex Tester is professional software that simulates forex trading. It allows you to develop and test your own trading strategies based on technical analysis with the use of several years of historical data. This is an excellent tool for developing your own trading strategy quickly and effectively. For advanced users, there are open interfaces to help you create your own indicators and strategies. (see a video demonstration)