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Divergence

Divergence

Divergence in Trading Over the years, we’ve heard about using divergence in trading as a tool.  Some of you may know what it is, some have heard about it but don’t really understand it, and some of you have no idea what it is. Definition Defining divergence is...
Back Testing Time Horizon Lengths

Back Testing Time Horizon Lengths

Time After Time As a trader, back testing is a vital part of what we do.  Without it, you will never really know if a particular indicator performs well or not.  The big question is, “How long of a back testing period should I use?”  That’s a great question, by the...

What is a Doji

Old stuff We’re going to take a small Forex field trip to a place we don’t normally visit.  That’s perfectly okay. We’ve received a few questions about a particular little thing called a “doji”. Some of you may know what it is, some not. We’ve decided to write about...
Types of Indicators

Types of Indicators

Our love of indicators can be thought of as favorite foods, served on fine china (charts) and manipulated by exquisite silverware (money management and trading psychology).  The trick is to find those indicators which not only appeal to us, but actually serve a useful...
Using the MT4 Strategy Tester

Using the MT4 Strategy Tester

We use the MetaTrader 4 (MT4) platform for a number of reasons.  First, and foremost – it’s what most brokers use.  Second, it’s very user-friendly.  Third, it has the largest public (free and pay) library of indicators available AND permits you to effectively...
Best Currency Pairs to Trade for Beginners

Best Currency Pairs to Trade for Beginners

We have often heard traders make the claim that one currency pair is “easier” or “difficult” to trade over another.  My response was a bit shorter on Quora, but here…you’ll get the full story. We will examine the claim by other traders and why it really doesn’t...