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The famous Gartley pattern has a proven trackrecord. Some traders might question how come, a pattern introduced in 1935, is still applicable today. The answer lays in the fundamentals of trading psychology and the power of Fibonacci retracements. It...

The stochastic oscillator is a momentum indicator that compares the closing price relative to the high-low range over a given period of time. It tracks the speed, often referred to as the momentum, of the price action. It is a general rule that momentum...

Below we discuss the main order execution mechanisms commonly used in forex trading.
Trailing Stop Loss
Like the regular stop-loss order, this type of order can be used as a safety net to limit potential losses. A trailing stop is similar to the regular stop loss in that it automatically closes a trade when the market moves against you and hits a pre-set...

Brokers offer many different types of orders that allow you to enter, exit and also program your trades. The different types of orders help in supporting all kind of trading styles. The most common order types offered by brokers are: market orders, limit...