The stock market is a volatile beast. If you are trading stocks, it’s almost impossible to know what will happen in the next few minutes, hours, or days. That’s why traders rely on signals from the forex markets. Here are top forex signals to watch when a stock drops:

1) BEARISH ENGULFING PATTERN:

This is a major bearish pattern that was first identified by a Japanese forex trader who called it “Engulfing” on the charts. The Bearish Engulfing Pattern shows that after the price broke through a downtrend line and entered into a lower range, this pattern appeared on the chart and reversed the trend of the price. It happens because after breaking through the downtrend line, it enters into another uptrend line which produces more buying pressure. The whole pattern shows five waves of higher highs and higher lows each time. When this pattern appears, the stock price will reverse immediately, with perhaps 20 to 30 % above its intraday low.

2) TWEEZERS TOP:

This is also a bearish pattern that appears on the charts within the uptrend of price. This pattern appears when the support line or a downtrend line that was previously broken through by price reverses and intersected with the most recent swing high or low. It has three swings; the first swing shows a downtrend line, but after it goes above the downtrend line and then makes another swing to hit a higher low than its second swing, this pattern appears, and it shows an upside reversal.

3) MORNING STAR PATTERN:

This pattern is formed when the price creates a new low and then proceeds to create a series of higher lows and lower highs. After the fifth swing, it makes a higher high and then breaks through the previous resistance area and closes above it. This is an indication that after breaking through the resistance, there are enough buyers to push the price higher; hence it reverses from its downtrend.

4) GRAVESTONE DOJI:

This chart pattern appears at the bottom of a downtrend when the price has created a series of lower lows with lower highs, but the last swing creates indecision between buyers and sellers. This indecision is shown by the fact that the two Doji lines have a higher low and a lower low. After the indecision, the stock price breaks out of its range the next day. This pattern shows that after five waves of lower lows and higher highs, buyers are still in charge and can continue pushing higher prices.

5) MORNINGSTAR REVERSAL:

The Morningstar patterns appear when the price creates a new low, but then it bounces off support or resistance into a series of higher lows and lower highs. After this series, there is an upside reversal with another swing high, but it closes below the previous swing high to produce this pattern. This pattern shows that the price is being pushed by buyers and will continue to rise; hence it can be a good entry.

6) RETRACEMENT DOJI STAR:

This top reversal pattern is formed when the price creates a series of higher lows and lower highs without much indecision, but after the fifth wave, this indecision creates this reversal pattern from its downtrend. This pattern appears at the bottom of a downtrend when there are 4 to 5 swings of lower lows and higher highs, then on the fifth swing, the price creates indecision between sellers and buyers. This indecision is shown in the fact that the two Doji lines have a high equal value, and on the fifth swing, price breaks through both lines to produce this pattern. This pattern shows that after breaking through the trendline resistance, there are enough buyers to push higher prices, and it can be a good entry.

7) HARAMI:

This is also more of a reversal pattern on currency pairs. The Harami appears in the uptrend when there are three higher lows and lower highs in a row, each time through price creates two higher lows or two lower highs but without too much indecision. After the second or third reversal, there is another higher low or lower high, which is more indecisive about producing this pattern. This pattern shows that the trend of price is still strong, and since it has been able to keep on creating new highs and lows, it is a good entry point.

8) SHOOTING STAR:

This is also a reversal pattern, but it appears on the downtrend and the price is trying to break through resistance; the next day this occurs, the price breaks through this resistance, and there are two higher lows with lower highs. Once the price closes above these higher lows and lower highs, it creates a push-higher pattern and forms a shooting star on the way up. This pattern shows that after breaking through support or resistance, there is plenty of buying pressure, and since this time, it has been able to break through both lines, and it can be considered a good entry point.

9) DOUBLE TOPS:

This pattern appears on the downtrend when there are four consecutive lower highs and four consecutive higher lows; each time price creates a higher low or lower high, and it then breaks through these two lines. After this, there is a second reversal pattern which forms two new lows. This pattern shows that after creating two lower highs and two higher lows, it is possible that some buyers are still in charge of pushing prices back up, and it can be an excellent entry point.

10) HEAD AND SHOULDERS:

This is another price pattern that appears when a stock is in a downtrend, and the stock breaks through its downtrend line, then it shows two higher lows but not as strong as the previous two. This pattern shows that after breaking through the downtrend line, however hard it tries, the stock still has buyers and can continue to go up. This pattern can also be used for trading or for timing purposes.

11) THREE INSIDE UP:

This is also an alternating price pattern that appears on the charts when there are three lower highs only. This means that there are no higher lows and vice versa; this pattern is created by the buyers. This pattern shows that even though it has three lower highs, each time the stock price pushes lower, the buyers are still in charge and can pull it back up.

12) THREE INSIDE DOWN:

This is also an alternating price pattern that appears on the charts when there are three higher lows only. This means there are no lower highs and vice versa; this pattern is created by the sellers. This pattern shows that even though it has three higher lows, each time the stock price pulls lower, the sellers are still in charge and can push it back down.

CONCLUSION

Every chart pattern has its own characteristics, some are more bearish than others, and some are more bullish. It is up to you to identify which chart patterns can work for your trading purposes; if you keep learning about them, you will be able to decipher the most important characteristics like where to enter, where to place stops, or how far the stock can go and many other things.

Introduction

Welcome to the world of online Forex trading With so many options available, it can be difficult to choose which platform is best for you. That’s why we have compiled a list of our top 15 Forex trading platforms to help you in your journey. Each platform offers something unique and different that makes them stand out from the crowd.

Types of Forex Trading Platforms

Before deciding on the best platform for you, it’s important to understand what type of trading platforms are available.

1)Desktop Trading Platforms

These platforms require installation of software and provide greater control over your trading environment. They also offer advanced charting and analysis tools, and in some cases, automated trading capability.

2) Web-Based Trading Platforms

These platforms are hosted on servers and can be accessed from anywhere with an internet connection. They allow for easy setup and installation, as well as a more secure trading environment.

3) Mobile Trading Platforms

These platforms offer the ability to trade and manage your account on-the-go. They are available as apps and they often provide a more personalized trading experience.

Top 15 Forex Trading Platforms

1) MetaTrader 4

MetaTrader 4 is the most popular trading platform for Forex traders. It offers a powerful charting package, advanced order placement capabilities, and automated trading.

2) cTrader

cTrader is a modern trading platform suitable for both novice and experienced traders alike. It’s easy to use and it offers advanced charting features as well as automated trading options.

3) TradingView

TradingView is an interactive charting platform that allows traders to draw and analyze price patterns. It is also an excellent social trading platform where you can learn from fellow traders.

4) Oanda

Oanda is a well-known Forex broker offering a reliable and user-friendly trading platform. It is popular among beginner traders because of its easy setup and access to news, charting, and analysis tools.

5) eToro

eToro is a social trading platform offering traders the ability to copy the trades of successful traders. It features excellent educational content and an intuitive user interface.

6) Forex.com

Forex.com is one of the leading brokers in the world. It features a reliable trading platform, low fees, and access to news, charting tools, and educational content.

7) Thinkorswim

Thinkorswim is one of the most powerful Forex trading platforms available today. It offers advanced charting tools, automated trading capabilities and real-time data analysis.

8) Interactive Brokers

Interactive Brokers is a broker providing access to the stock, futures and foreign exchange markets. It offers sophisticated trading tools as well as educational content.

9) FXCM

FXCM is one of the largest brokers in the world offering traders access to a wide range of financial instruments. It includes advanced charting tools and real-time monitoring.

10) Plus500

Plus500 is a popular Forex broker in Europe offering traders access to more than 50 currency pairs, commodities and indices. It features tight spreads and quick execution times.

11) AvaTrade

AvaTrade is an award-winning broker offering traders access to the currency markets. It offers a wide range of tools including automated trading and advanced charting.

12) Pepperstone

Pepperstone is an ECN broker providing tight spreads, fast execution, and deep liquidity. It also features the latest in technology and analysis tools.

13) FXPro

FXPro is a well-known broker offering access to the Forex markets. It offers tight spreads, fast execution and deep liquidity for traders of all levels.

14) IG

IG is one of the largest CFD brokers in the world offering more than 10,000 financial instruments. It offers advanced charting tools, sophisticated order types and a range of research tools.

15) FxChoice

FxChoice is an offshore broker offering trading in more than 60 currency pairs. It offers tight spreads, fast execution, and advanced charting and analysis tools.

All of these platforms offer traders different features depending on their preference and trading style. Therefore, it is important to do your research and find the best platform for you. With the right Forex trading platform, you can open up a world of opportunities in the currency markets.

How to Read and Understand Forex Trading Signals

When trading in the Forex market, it is important to understand how to read and interpret different types of trading signals. This will help you make informed decisions about when to enter or exit trades. Here are some key points to consider when reading a Forex trading signal:

1) Identify the type of signal

The first step is to identify the type of trading signal. This will help you understand what the signal means and how you should respond. Most signals will be either a buy or sell alert, with additional details about entry and exit points, stop-loss levels, etc.

2) Analyze the risk/reward

Before entering a trade, it is important to analyze the risk/reward of the trade. This involves looking at the potential profit and loss in relation to the entry point. It also includes analyzing any stop-loss orders that are associated with the trade.

3) Consider other factors

In order to maximize profits, you should also consider other factors such as the current market conditions, technical indicators, and macroeconomic data. This will help you assess whether or not the signal is likely to be profitable.

4) Execute the trade

Once you have identified a good Forex trading signal, you can then execute the trade by placing an order with your broker. It is important to follow the instructions in the signal as closely as possible.

Popular Forex Terms You Should Know

When trading Forex, it is important to understand a number of key terms and concepts. Here are some of the most popular terms used in Forex trading:

1) Pip

A pip is the smallest unit of price movement in a currency pair. It is usually the fourth decimal place of a quote, but can be different in some cases.

2) Spread

The spread is the difference between the bid and ask prices of a currency pair. It is essentially how much it costs to trade one currency for another.

3) Leverage

Leverage is the amount of money a trader can borrow from the broker to increase their position size. It allows traders to increase their potential profits but also increases risk.

4) Margin

Margin is the amount of money required to keep a position open. It is usually a percentage of the total position size.

5) Lot size

Lot size is the amount of currency being traded at any one time. It is usually measured in units such as mini lots or standard lots.

Those are just some of the key terms that are used in Forex trading. It is important to familiarize yourself with these terms and understand how they apply to your trading strategy.

Conclusion.

Forex trading can be a lucrative and rewarding venture, but it comes with its own set of risks. It is important to understand the platforms available in order to find the best one for your trading needs. Additionally, traders should have an understanding of key Forex terms and concepts if they wish to succeed in the markets. By being informed and using the right tools, traders can increase their chances of success in the Forex markets.

To get started trading forex, you need to have an understanding of the basics. This can be as basic as knowing what is a currency pair, or it can be as complex as knowing all the intricacies of yen-euro crossovers. Luckily, Learning Forex has now come out with their very own beginners guide on exactly how to get started trading forex! They break down everything from getting a broker account, how to open an account with a brokerage firm, and different types of orders. They also give a brief overview of technical analysis, the basics of orders and the basics of understanding the forex market. Some other topics covered include the different types of brokers, how to avoid broker scams, how to understand leveraged trading and margin trading, how to get started with a demo account, online forums for learning about forex, making bigger deposits when you’re ready to move up in trading amounts and charting software.

Tips on how to get started trading forex

1. Get a broker account

One of the first things you need to do when you’re getting started with forex is to open a broker account. A broker account is an online brokerage account that enables you to trade currencies. It’s extremely important that you read the fine print on your brokerage contract, so that later on you don’t have any unwanted surprises or hidden fees. Also make sure to have your money in an easily accessible place elsewhere before opening a forex trading account in case something unexpected happens (for example if the company goes bankrupt, charges big fees at the last minute and takes all your money). It’s also reasonable to ask for references from other clients who are happy with their experience with this particular broker before choosing one.

2. Get familiar with forex order types

There are many different types of orders you can use when trading currencies, and they are also important to know before you start trading. Knowing how to open a forex account is important, but it’s not the only thing you need to know in order to get started successfully. The first and simplest sort of order is called a limit order. This means that you set the price at which you want to buy or sell a currency pair, and the trade will occur if and only if the price reaches this level. The other type is called a market order. This is an order to buy or sell a pair at the current price for immediate execution. A stop loss order is the opposite of a limit order. It’s an instruction to sell if the price falls below a particular value, and buy if it rises above this value. A take-profit order is more complex (as its name implies), and it’s an instruction to close out your trade as soon as it reaches a certain value (which might be higher than purchase price or lower than selling price).

3. Technical analysis

If you’re looking for a way to get started trading forex, technical analysis can be a great place to start. Technical analysis is an investment discipline that believes the historical prices of a currency pair are the best predictors of future price movements with some exceptions (such as news reports). While there is no guarantee that historical prices will be able to predict price movements in the future, many traders find it helpful. The ultimate goal of technical analysis is to find patterns in past price data that allows us to anticipate future price movements. These patterns are referred to as patterns and can be found visually on charts. There are two classes of indicators which help identify these patterns: trend indicators and oscillators. Trend indicators assist you in identifying the direction, strength and duration of a trend based on lines on a chart. Oscillators are used to identify changes in price patterns over time.

4. The importance of stops

Before you begin trading forex, it is important that you set stop losses and take profit limits. Stop loss orders are used to ensure that your trades will be closed out when they reach certain levels so that you don’t lose money or incur unnecessary trading losses. They are also used to prevent incurring unwanted and undesired gains that could bring higher commissions and additional fees (such as broker charges).

A stop loss is the level at which you want to sell. The forex market has a built-in stop loss order called the bid-offer spread, which automatically closes out trades whenever the bid-offer spread hits that particular level. You can then set a stop loss further away in case you’re having difficulty closing out your trades or have entered a trade that’s too big to close at your target price. A take profit order is also important because it’s a limit order that automatically closes out your trade as soon as it reaches a certain amount (taking into account the difference between purchase and sale price). This type of order will help you lock in profits and avoid trading losses.

5. Introduction to leverage, margin trading, and making bigger deposits

Margin trading is when you borrow money from your broker in order to trade bigger amounts than you would otherwise be able to. The trade off is that you have to pay interest on your borrowed funds. Some brokers also charge higher interest rates or have limitations on the amount of margin trading their clients can do (such as having to keep a minimum balance in an account). This can make it more difficult for newer traders who are just getting started with forex. One option is trading smaller amounts with the liquidate button, which allows you to close out a trade without incurring a loss if your position moves against you by too much. Another way to leverage your position is to use leverage trading. This refers to the simultaneous purchase and sale of a currency pair with borrowed funds in the form of a margin loan. It is the most popular way, as it can produce very large gains when successful, but if you are unsuccessful it could result in losing your entire position. A third option is to make bigger deposits. One of the biggest advantages of making larger deposits is that you can trade as much as you want without having to worry about maintaining a margin balance (since you don’t use your own cash). This can be an incentive for new traders looking to get started.

The world of Forex trading is a complicated and daunting one for any new trader. Even if you come into the market with a strategy, it can be overwhelming for a while. It doesn’t help that experienced traders often sound as though they are talking a whole other language.

There are lots of different terms that you will come across related to the prices, currencies, and different types of orders and trades. The more you understand, the easier it will be to make the right moves and avoid losses. So, here are some important Forex terms to get you started.

20 Forex Glossary Terms You Need To Know.

1) Asset.

This is an important one to start with. All traders and investors deal with assets to either buy or sell for profit. In financial trades, your assets are your chosen currency or currency pair.

2) Currency Pair.

On that note, it is helpful to pay attention to key currency pairs that trade together in the market. They are either minor, major, or exotic, with major pairs being the most commonly traded.

3) Quote Currency.

Sticking with currency terms, you may hear the second currency in the pair listed as the quote currency.

4) Soft or Hard Currency.

Currencies are classified based on their status. Some are reliable and stable, and won’t fall or rise too dramatically over time. These are the hard currencies. Others are much more unreliable and likely to decline quickly in times of trouble. These are the soft currencies.

5) Pip.

This term relates to the change in the price of an asset based on the exchange rate. Most have four decimal points, with the Pip referring to the smallest possible price change – either up or down. This is shorthand for percentage in point, but no one has the time to say that.

6) Bid.

Your bid is the price that traders set for their assets. They set this bid price at a determined value, and it is up to you to determine if it is a good investment.

7) Yield.

After dealing with a bid and making a trade, you will end up with your yield. This is the return that you have ended up with on your investments. You will typically see this as a percentage.

8) Day trade.

This is one is quite self-explanatory, but you will hear it a lot. Some forex trades open and close within 24 hours, so you have to be on the ball to keep up with them. Expect to hear a lot about these day trades.

9) Overnight position.

Not all trades are day trades, as some do carry on into the next trading day. Here, traders can deliberately keep their position open to carry it over – making it an overnight position.

10) Bear Market.

There are two terms to watch out for related to markets. Bears aren’t a good thing, with bear markets describing an asset in decline. Some traders may shorten this to bear or say the market is bearish. Don’t get caught out.

11) Bull Market.

The opposite of this is the bull market, where everything is heading in a positive upward direction. Again, watch out for people shortening it to bull or saying the market is bullish.

12) Volatility.

As the name suggests, this refers to the volatile nature of the industry. You will often hear markets described as volatile when assets rise and fall in value at sharp rates, and when experts struggle to predict movements.

13) Spike.

When the markets get volatile with these rises and falls, there are going to be some noticeable spikes. Spikes aren’t just a positive sign of a rapid increase in a short period. They can also mean sharp declines, so watch out.

14) Resistance.

Even with the potential for spikes in hard currencies, there are often price ceilings. A currency could get close to this figure over and over again, but never break through. This price level is often called resistance.

15) Slippage.

An added problem with a volatile market is that it can lead to some problems with bids and trades. Sometimes, traders will execute a trade that ends up costing more than expected. This slippage is more common during the most volatile periods.

16) Scalping.

This is something you might want to try in the future. It basically means working with lots of short-term trades for fast and frequent profits, rather than any long-term ventures.

17) Hedging.

An alternative option is to go for a hedging approach. This one is a lot more cautious and works through two investments that should balance each other out. It is a form of insurance to help reduce the risk of significant losses.

18) Speculators.

This refers to a specific type of trader that isn’t afraid to take a risk. They make speculative judgments about the potential gains of assets and hope they pay off. Successful traders can may big profits this way, but it is a gamble.

19) Stop-loss Order.

Traders can set up different types of orders to try and minimize loss and possible damage. A common one is a stop-loss order. This comes into play to either buy or sell at a set price. These orders can also cause those slippages for other traders.

20) Fill Or Kill.

This one sounds brutal, and it sort of is. Investors can place a set price on a transaction with no room for negotiation. The fill or kill order means that if they don’t see that order fulfilled at that price, they can “kill” it. The whole trade is terminated.

Keep Practicing To Become More Fluent.

As with all languages, the more you practice and use the terms in real-life settings, the easier it will be. Sooner or later, you will become familiar with these terms, and a whole lot more, and be able to use them to your advantage. Also, don’t be afraid to ask people about terms you aren’t sure of. There are friendly traders to point you in the right direction.

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