Why, What and How
If you still ask yourself the why and what. This is not the place to be. It should be evident to you that Forex Trading is a good way to add to your monthly income, if you have the skills and the ability to successfully trade this very volatile and largly unregulated market. So how do you successfully trade this market? Either you are a skilled trader, with a dose of discipline and patience. Or you will have to resort to a mix of hands on and hands off trading, or in other words automate your trading.... Read The Rest →
My Trading System – the Renko Chart
In technical analysis, a chart that does not account for volume or time, that is a renko chart. A Renko Chart is a series of small bricks, each representing a change in price instead of time. When a price goes above or below a previous price, a new brick is added to the chart. A white (green) brick represents an increase in price while a black (red) brick represents a decline. A renko chart is useful because it can help technical analysts find support and resistance levels accurately. (Farlex Financial... Read The Rest →