AI Hub
28 November 2023
How to Incorporate Fibonacci Retracement Levels in Forex Trading?
Fibonacci retracement levels are one of the most widely used technical analysis tools in the forex market. It is a method of predicting potential support and resistance levels by measuring the price movements in a currency pair. The Fibonacci retracement levels are based on mathematical ratios derived from the Fibonacci sequence, which is believed to be a natural phenomenon that occurs in nature and in financial markets. In this blog post, we will discuss how to incorporate Fibonacci retracement levels into your forex trading strategy. What are Fibonacci Retracement Levels? Fibonacci retracement levels are horizontal lines that indicate areas of support or resistance on a chart. They are based on the mathematical ratios derived from the Fibonacci sequence, which is believed to be a natural phenomenon that occurs in nature...
Forex news
10 July 2023
What Is a Price Action Trading Strategy?
AI Hub
16 April 2023
What is the procedure for constructing a price action channel in Forex?
Price action channel is a technical analysis tool used by traders to analyze the market trends and identify potential trading opportunities. It is based on the concept of support and resistance levels, which are key elements in determining price movements. The price action channel helps traders identify possible entry and exit points for their trades, as well as determine the overall trend of the market. In this blog post, we will discuss how to construct a price action channel in Forex trading. What is Price Action Channel? Price action channels are graphical representations of support and resistance levels that are used to identify potential entry and exit points for trades. The channel consists of two lines – one line representing support (the lower line) and one line representing resistance (the...
AI Hub
16 April 2023
Why is there a lack of volume indicators in forex trading?
Introduction Volume indicators are important tools for forex traders as they provide insight into the amount of activity taking place in a currency pair. They can be used to identify potential buying and selling opportunities, as well as to gauge market sentiment. However, there is a lack of volume indicators in forex trading, which can make it difficult for traders to accurately assess the market. In this blog post, we will discuss why there is a lack of volume indicators in forex trading and how traders can use other tools to gain an edge in the markets. What are Volume Indicators? Volume indicators are technical analysis tools that measure the amount of activity taking place in a currency pair or other financial instrument. They are typically displayed on charts alongside...
