I used to like Candlesticks but I Prefer Renko Bars

Having spent enough time trading with the regular Candlestick charts, I have now grown to prefer trading with renko bars. In most of my articles, we were looking at the different ways you could display the raw data of the stock price or the forex currency pair of the futures instrument. Just about everyone knows how to use candlestick...

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Forex Indicators- Getting the basics

Trading forex at the most basic level comprises of making use of indicators in order to ascertain the best possible trade entry and exit signals. Save for some elite few traders who purely trade off price action, the majority of forex traders always make use of one forex indicator or the other in order to trade. Trading off price...

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Why do you experience a forex drawdown

If you have been trading for a while (or if you intend to in the future), you will have experienced some negative trades which could result in a net negative loss on your trading account. This loss is referred to in forex jargon as Drawdown and is expressed as a percentage of your account capital. A more stronger explanation...

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Trading during high volatility

High volatility is one of the three elements a forex trader needs to profit in the forex market. A trader also needs a profitable trading strategy and one that is successful over a long period of time. The trading strategy should also works in different market conditions. Secondly, the trader should have a clear risk management method. Both of...

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