An ultimate list of materials
on Forex trading, strategies' backtesting
and Forex technical analysis [and more]

We are back again to RSI, but accompanied with the Moving Averages this time.

Our choices are the strategies easy to understand for the beginner traders, but at the same time attractive for the more advanced ones.

We believe this trading strategy is one those, but only backtesting can reveal all strong and weak sides of the strategy (read more).

As we loved Awesome Oscillator in action, we proposed another trading strategy using this indicator, but accompanied with the RSI indicator this time. Let us check how powerful these two can be together and either such combo of the indicators will make our trading decisions more precise.

The combination of these two popular indicators believed to make the strategy applicable almost for any trader – it is simple to understand even for the beginners (read more).

As we loved Awesome Oscillator in action, we proposed another trading strategy using this indicator, but accompanied with the RSI indicator this time. Let us check how powerful these two can be together and either such combo of the indicators will make our trading decisions more precise (read more).

Till now we have tried various indicators in pairs and combinations.

However, can the indicator stand alone and still be enough for the prediction of the next movements of the market? This time we put Stochastic Indicator all alone to the test. Read further and learn how it turned to be – profitable or not.

It should be one of the simplest strategies ever, but can it leave the trader with profits? (read more).

We have tested a line of the well-known indicators and now it is time to try the Parabolic SAR indicator.

As it is better to use the combination of the indicators for signals confirmation, we compliment the Parabolic SAR with the Moving Averages (read more).

Confused by the tones of the trading strategies flooded the Internet? Tired of believing another ‘trading guru’ about the next ‘the most profitable trading strategy ever’?

We have backtested popular trading strategies so you wouldn't have to! Save your time and enjoy the reading!

We’d love to start with the indicator that gained love and respect of the millions of traders – MACD Indicator (read more).

The next pair in the row to try is the ADX indicator accompanied by the Moving Average. Can this pair of indicators show better results than the previous ones? What are the best settings for ADX to perform with?

Intrigued? Read the results ...

We have tried MACD in different combinations and the same for ADX. Let’s check how these two indicators work together. What are the best settings for those two widely-used indicators in order to highlight their best sides?

We can learn only while backtesting them through different markets and parameters.

Keep reading and learn the results ...

Remember «EMA (5) + EMA (12) + RSI (21)» trading strategy we have backtested manually some time ago? Here you can find the results of the manual backtesting and check either it turned out to be profitable or not.

Now we are back to backtesting of this strategy: this time in the automated mode and with different parameters. Let’s check how to make this strategy bring profits and what are the best settings for this.

Keep reading and learn the results ...

A script for the test was created in Visual Strategy Builder. Tests were carried out in Forex Tester on the GBPUSD currency pair and H1 timeframe. The initial deposit is $100,000; the leverage is 1:100; the minimum transaction volume is 1 lot. The “Bars to skip” parameter defines the search range of a trading signal (in bars).

All transactions are open and fixed automatically. Test period is from 01/01/2017 to 08/07/2019. Set of quotes is from the FXCM broker. Four tests were performed: a reverse test and three options with a fixed stop. For analysis, only test statistics are used.

Keep reading and learn the results ...

Script for testing the strategy was created in Visual Strategy Builder. The Tests were conducted in the environments of Forex Tester on the AUD/USD, EUR/USD, GBP/USD currency pairs (FXCM broker’s quotations, 2-point spread); timeframe H1. The initial deposit is $100000, leverage 1:100, minimal deal volume is 1 lot. The “Bars to skip” parameter defines the range of the search for a trade signal (in bars). All trades are open and fixed automatically. The test period is from 01.01.2017 to 07.08.2019. Only the test statistic is used for the analysis. Maximum load on the deposit — no more than 4 lots. Tests are conducted consistently on all chosen assets.

Keep reading and learn the results ...

Variations of this method can be often seen on the net, though its popularity is holding only on using standard indicators — the mechanism of signals is clear to every newcomer. It was strongly proposed to the author of this article via several mailings under a strange name of Moody, and exactly for Asian assets. We decided to test this “moody grail” after all. So let’s begin.

Keep reading and learn the results ...

Moving averages have historically been considered reliable indicators of trading spirits. Selecting the optimal “Fan of MA” will allow you to stably filter the trend market without the use of pulsed instruments (oscillators) - the mutual arrangement of the lines will show the direction of the transaction and the moment of the MA breakdown will be the entry point.

Keep reading and learn the results ...

It is believed that all trend indicators delay. The idea to build a strategy solely on impulse indicators came from the stock market, where a quick, apposite entry guarantees 50% success. We offer an option on standard Stochastics with different settings.

Keep reading and learn the results ...

Script for testing the strategy was created in Visual Strategy Builder. The Tests were conducted in the environments of Forex Tester on the AUD/USD, EUR/USD, GBP/USD currency pairs (FXCM broker’s quotations, 2-point spread); timeframe H1. The initial deposit is $100000, leverage 1:100, minimal deal volume is 1 lot. The “Bars to skip” parameter defines the range of the search for a trade signal (in bars). All trades are open and fixed automatically. The test period is from 01.01.2017 to 07.08.2019. Only the test statistic is used for the analysis. Maximum load on the deposit — no more than 4 lots. Tests are conducted consistently on all chosen assets.

Keep reading and learn the results ...

Variations of this method can be often seen on the net, though its popularity is holding only on using standard indicators — the mechanism of signals is clear to every newcomer. It was strongly proposed to the author of this article via several mailings under a strange name of Moody, and exactly for Asian assets. We decided to test this “moody grail” after all. So let’s begin.

Keep reading and learn the results ...

We are here again to make your trading more profitable and for this, we have decided to give the second breath to the Martingale strategy which is so invested in an air of controversial opinions.

Keep reading and learn the results ...

The combination of Stochastic and MACD indicators is quite popular and there are a lot of “fans” of this strategy. We have tested the Stochastic + MACD strategy on three types of markets to understand how it’s going to behave itself. Take a look on the results and decide will you use it or not!

Keep reading and learn the results ...

We have tried out different indicators and their combinations, but mostly within the 1H timeframes or 30 M. Could we forget about scalpers?

Keep reading and learn the results ...

Time has come to introduce you the Awesome Oscillator indicator. It was invented by Bill Williams who decided to use the median prices instead of using the closing prices like in MACD indicator.

Keep reading and learn the results ...

While determining the direction of the trend and points of change is essential for entering the market, one of the bigger challenges facing the trader is to find out when the sentiment has changed.

When it comes to determining the earliest reversal of trend direction, one should look at using Renko charts (read more).

According to Williams, Awesome Oscillator, evaluating dynamics of the price movement − the most effective element in his trade system Profitunity.

Even if you not the fanatic of the wave market theory, it will be very useful to see accurately wave pieces in the market to enter the market after the termination of an old wave in an optimum point of the new (read more).

We offer classical option for sure trade.

The Alligator indicator uses the idea of the moving average and the theory of fractals in the original interpretation of Bill Williams.

The author's description in books «Trading Chaos: Maximize Profits with Proven Technical Techniques» and «New Trading Dimensions…» in general coincides with the mechanism of the modern tool (read more).

The science of chaos means much more than a just new trading approach.

It is an entirely different way of viewing the market, that until the mid-1980s, we didn’t have the computing power needed to deal with on a mathematical basis.

Applying rigorous mathematical thinking to complex forms, chaos theory is the first technique that successfully models turbulent price flows (read more).

In trading, a moving average is defined as a product of adding up the prices for a given interval and then dividing the sum by that interval. Simple moving averages are effective for the analysis of trend and used extensively in algorithmic trading systems.

They are also appropriate for determining the support and resistance levels.

One can use a single moving average or combine a few different ones to plot on their charts (read more).

It is necessary to clearly understand who is currently stronger: «bulls» that provide a price increase, or «bears», pushing the price down.

The right choice of «colleagues on a trend» considerably increases chances of success (read more).

In a pursuit of profit, we often do not notice the standard tools capable to simplify the routine engineering analysis without loss of quality of signals.

We offer dynamic trend Moving Average of Oscillator (OSMA). The indicator evaluates a difference between the value and its smoothing, and on the basis of it draws conclusion about force of the current tendency (read more).

Article on RVI appeared in the S&C magazine in January 2002, and the credibility was provided by the author John Ehlers − the best expert in the use of cycles in technical analysis.

An Indicator of the «confidence» about the trend continuing has long proved to be effective (read more).

Though the WPR indicator (Williams%R or Williams Overbought/Oversold Index) bears a name of famous Larry Williams, this author is George Lane − the developer of the classical Stochastic oscillator. For the first time the indicator is mentioned in the book «How I made one million dollars last year trading commodities» , where its anticipated signals of a turn are actively advertised (promoted) (read more).

One more element of the well-known Theory of Trade Chaos analyzes how attractive the asset is to financial market participants. Except for dynamics of the price, the MFI indicator, in addition, considers market volume that, according to Bill M.Williams, allows you to see how fast money «enters and leaves the market» (read more).

The revolutionary idea of Bill M.Williams reveals that trade volume is the main driver of the price’s movement. The correct analysis of the «relations» volume/price gives a clear understanding where (and how attentive!) the market is «watching» at the moment. And the MFI indicator, together with other developments of the author, has to be one more assistant to the trader in fight for profit (read more).

The MACD indicator is a variation of the moving average crossover and represents a smoothed difference between two exponential moving averages.

The moving average convergence-divergence is one of the most potent technical tools in trader’s arsenal.

It is also one of the simplest and extremely versatile, as it can be used both to trade trend and the range.

The moving average convergence-divergence indicator is based on the insight that more can be learned about price behavior from the interaction between moving averages than from the moving averages themselves (read more).

The first mentioning of CCI or index of the commodity channel appeared in October 1980, when Donald R. Lambert published analytical article in the journal Commodities.

The author successfully worked in commodity markets, experimented with the analysis of volatility and developed the Сommodity Сhannel Index almost by accident − to test the hypothesis of a cyclical price. Today this indicator has become an indispensable element in the arsenal of any active trader (read more).

Financial journalist Dan Valcu on his website says that in the summer of 2003, when studying the methodology of Ichimoku Kinko Hyo, he accidentally discovered diagrams with an unusual trend picture developed by an unknown stock trader.

Attempts to adapt this method to Japanese candles turned out to be so profitable that the program code of the indicator Heiken Ashi was developed prior to the presentation in the press (read more).

Hybrid indicator Traders Dynamic Index, the algorithm of which was created by the usual trader Dan Malone, performs a full-fledged market analysis: in addition to the direction and strength of the trend, it allows you to effectively assess volatility.

Despite the fact that the author's strategy of Trading Made Simple was scalping (on M5-M15), practice proves that the indicator’s signals are effective on any timeframe and trading asset (read more).

In the global trading system of Trade Chaos Williams, Gator Oscillator plays the role of an additional filter of the “sleep” and “hunt” periods for the Alligator, so it is usually used in conjunction with its “big brother”.

Because of the unconventional interpretation, this oscillator can cause misunderstanding among beginners, but the benefit from its application becomes more obvious with some trading experience (read more).

The popular book of the successful analyst and trader Thomas R. DeMark «The New Science of Technical Analysis» was carefully read by few. But practice proves: those who have not regretted the time to study his theory, will always be in profit.

The author created his own technical tools even before the era of the computer revolution − at that time analysts performed most of the calculations manually (read more).

Ichimoku is a Japanese charting technique developed before World War II by a Tokyo newspaper writer, which literally means “one look”, presenting a panoramic view of the market.

It is enjoying renewed popularity and a chart of this style is referred to as Ichimoku Kinkou Hyou — the table of equilibrium prices at a glance.

An Ichimoku chart is a trend-following system with an indicator similar to moving averages. You may wonder how another eastern style charting approach can be different from an already impressive arsenal (read more).

The Acceleration Deceleration indicator is a logical continuation of the Awesome Oscillator of Bill Williams (AO) and implements the idea that before the change of the direction the price changes in the last turn.

Before a turn, the price gradually reduces the dynamics on the current trend, as a result, the trader needs to estimate its acceleration («+» or «-»), which at the time of the actual turn has to be equal to zero (read more).

In fact, indicator ZigZag is a graphics filter to simplify the visual picture of the price movement. It does not modify the price data, performs a minimum of the mathematical calculations and is considered a signal tool for analyzing trend market. (read more).

Remember how many times you have blamed yourself for not leaving the market in time? How often have youclosed a deal too soon? Stop wandering in the fog! The ADR indicator will help you to see a current goal constantly, andcontrol your way to a profit. (read more)

If you agree with the classics and think that «trend is my friend», then we recommend you to perceive the marketvolatility as favorable (but sometimes – very dangerous!) business partner. Get acquainted – the ATR indicator! It will help younot only to earn, but also to avoid a loss in time. (read more)

In the financial market (the same as in life!), those who want to buy cheaper, are constantly fighting for moneywith those who intend to sell more expensive. The current price is a victory of one of the parties. We offer you the Bulls Powerand Bears Power indicators to monitor the intermediate results of this war. (read more)

Striving for an optimal price is the main impetus to the financial market movement. To those who prefer trading in range, the Envelopes indicator suggests one more variant of the dynamic price channel that realizes the idea of the price return after speculation − to the average value and a stable trend. (read more)

The definition of the most probable price range is a rather difficult practical task for any trader. If you came to the financial market for a stable profit, then you will need an effective assistant – the Keltner Channel indicator. (read more)

The idea of a lucrative impulse as a reversal signal has been exploited by the financial markets for a long time. There are already several generations of traders who have been using the classic Momentum indicator successfully to identify the critical areas and assess the probability of the long-term trends. It will be useful for you too! (read more)

Find the reasons how backtesting became the only reasonable way to trade smart.

Intrigued? Keep reading and learn more.

What does make the difference between a lucky guess and a profound trading? Are you sure, your trading style is more than just flipping a coin and expecting the positive outcome?

Or probably you are overwhelmed by the quantity of the trading strategies on the Internet promising to bring a fortune? Want to know how to avoid a desperate confusion when the “simple” strategies only drain your live trading account? (read more).

If you have come to the market to play, then you will be able (very seldom!) to win, but with probability of 90% your money will go to a pocket of the more professional and competent players. Let's also ask the famous investor for advice and try to understand − why is this so? (Read more).

All beginners, even those who had theoretical training and already have the minimum experience, suffer a «Woe from Wit» syndrome after the first losses, and the more active their subsequent actions, the worse it affects their deposit.

As a result, there is one step before a nervous breakdown and only several steps before the total loss of the trading account (read more).

As well as in any business, the basis of success in Forex is the consciousness: the trader has to study well himself, and only after that − the market.

The bottom line is this: homo sapiens is always driven by the idea of self-realization: it generates requirements and demands to study new, and the natural competition forces to get into the power play and helps to cross the borders. The profit size is just the intermediate result and an incentive for the further movement (read more).

Attempts to open trading transactions without a clear understanding of the consequences of their actions quickly knock out the bulk of the newcomers from the market.

Why is this so?

The main reason is the incorrect estimation of your place in the market and inefficient planning.

Large players survive in the financial market due to the fact that all their trading objectives (short-term and prospective) are based on special knowledge, technical capabilities, and years of experience, psychological stability and proper management of capital (read more).

Usually the concept of «discipline» presupposes the mandatory implementation of rigidly established rules, norms, laws. The modern financial market − is a multifactorial mathematics, distributed in time, combined with intuition and psychology.

This means that understanding of the requirements of the market and trading strictly by the rules should provide the trader a positive result in each transaction (read more).

We remind you that a large market player employs a whole staff − analysts, financiers, lawyers, risk managers, and only then − the last link − traders. These professionals create trading as a full-fledged business, so you, as an independent participant in the market, have to combine all their qualities (read more).

Emotions in trading have always been one of the main causes of losses, and at the same time − the main driving force for all types of money. Remember the classic idea: buyers push the price up because of greed, and sellers sell because of fear of losses?

It still works perfectly in any market.

Popular training materials on market trading almost do not pay attention to managing emotions. This is understandable: any broker is the first participant in the trading process, which is vitally interested in having you leave your deposit to the market (read more).

Natural evolution created an emotion of fear as a universal protective mechanism in response to an alleged threat. The goal is to ensure the survival of a living being in an aggressive natural environment or in the process of competition.

It is interesting that the so-called limbic system, mechanism of which is considered to be the simplest, answers for the sense of fear in the human brain (read more).

What is intuition psychologists know the best: they believe that this is a special type of thinking involving the subconscious, the mechanism of which is actively explored, but still it is a terra incognita. Nevertheless, as a result of processing information, a person always receives from the subconscious a certain signal to action.

The modern financial market is not in vain considered a polygon for mass manipulation with the human consciousness − the corresponding section of science is called the crowd psychology (read more).

The popular scenario according to which everyone comes in trading only for millions has become outdated long ago. If to exclude the opinion of the chronic losers, then successful investors and traders set very different purposes.

Those, who are hyperactive, but not ready to serious work, «waste» at the market a lot of time and money to prove to themselves (but generally – to people around!), that They! Can! Earn! Too!… $100-200; then, as a rule, abandon the market forever (read more).

We often don’t notice that our actions are irrational, and personal abilities are deeply hidden in the subconscious, «closed» by a previous negative experience, psychological complexes, or simply imposed by someone else's opinion.

There are many methods for independent overcoming such psychological blocks. We offer the most simple, free, and effective one − the technique of positive affirmations.

It is a sequence of special psychological «phrases» that can be sound and/or visual. By repeating them in a certain order, you gradually replace your unproductive beliefs with more effective ones.

Strong motivational signals for your subconscious mind provoke inner dialogues and formulate arguments that help you to assess the situation differently, adjust your goals and make effective use of practical experience (both your own and others'). We offer you a proven «set» for creating an effective trader's attitude (read more).

Do you remember the aphorism of Seneca (the eldest) «Errare humanum est» or «To err is human»? In fact, this is only a part of the famous phrase − the most convenient one for the psychological justification of your own mistakes. In its complete form, the aphorism sounds like this: «Errare humanum est, stultum est in errore perseverare» − «To err is human, but it's foolish to persist in your mistakes».

Without errors, there is no progress and professional growth. Those who know how to draw the right conclusions from their failures, as well as to organize their actions correctly and monitor them, will always be successful. We hope that our tips for a Beginner Trader will at least help you to save your capital, if not to get drowned in the gold coins (read more).

There is a certain category of traders called sentiment-oriented. They usually use various methods to evaluate the market sentiment and apply fundamental and technical methods to predict where the market could go soon.

Forex trading is a domain that often creates great opportunities for the informed traders to make their moves be ahead of the competition and gain better profits.

This is especially true for the day traders who usually try to “catch” the market in a specific favorable position for a profitable trade (read more).

This is a guide for traders on how to keep Trading Journal correctly. If you are already a trader, if you’re just planning to become a trader, or you are just interested in trading – in any case, this information will be useful for you! (read more).

While any trading training, we are inspired that exact calculation and the correct actions of the trader is a guarantee of a stable profit. But nobody tells beginners that the probability of the Forex losses directly depends on the trading purposes reality which every trader defines for himself (read more).

The modern world pays huge importance to the team work: it is assumed that it increases the efficiency of each participant and improves the final result. Considering the high risk of the financial markets, the idea of combining intellectual and trade efforts seems reasonable and perspective for many people (read more).

Imagine that absolutely all traders, regardless of the type of assets, the size of deposits and trading purposes, began to strictly follow the management, open deals according to the correct (profitable!) trading strategies and to control fully their emotions.

And what will happen with the price? Correctly − nothing (read more).

As long as the human factor is involved - nothing is one hundred percent perfect. Since this fact also applies to trading, plans have to be made for the inevitable. And the peaks and valleys of trading involve inevitable losses, as well as account drawdowns.

How well you manage your risk and the fact that not all trades will be winners will determine how you can withstand the valleys long enough to enjoy the peaks.

Read more

The Canadian dollar is the main commodity currency of the American region, it is one of the world's top ten assets. Coupled with the US dollar (according to BIS), the CAD holds about 8% of the total turnover of the Forex market, and along with crosses − about 10%.

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Historically, it was the English currency that became the basis of the financial market. During the heyday of the British Empire, the pound played a role similar to the current US dollar.

The loss of the political influence of the pound occurred in the 40s of the XX century when the colonies actively withdrew from the control of the British Crown, and the country’s economy was weakened by the Second World War.

Before the invention of the radio, the only communication between the continents was the physical connection by telegraph cable, which was first laid in 1867 across the Atlantic (on the ocean floor). Naturally, stock quotes from Europe to America also came through this communication channel; in memory of this, the British pound is still called the “cable” in the market slang.

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Today, the Japanese Yen is considered the third (after USD and EUR) world currency:

• the yen's share in world gold and foreign currency reserves is about 6%;
• assets with the participation of the Yen occupy more than 30% of the world stock market;
• USD/JPY accounts for almost 16% of the Forex trading turnover and the Yen crosses-pairs give 5-6%.

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Gold in any form - physical, paper, jewelry, and even virtual - has historically been considered a financial (and political!) safe-haven asset, the protection against inflation, and a guarantee of stability. Even a minimal hint of any problems is enough for investors to leave any other assets en masse, and invest in gold deals, saving their capital.

Until financiers have come up with a more stable monetary system than tied to gold, and sovereign currencies based on blockchain have not yet conquered the world, we should also join a team of successful speculators, so let's get started.

Read more

Nowadays, commercial demand for silver tackles between its industrial and jewellery metal statuses. Together with gold, silver assets are used as goods, securities, means of mutual settlements and accumulation/savings, and are also considered a universal indicator of market sentiment.

The precious metals market is relatively narrow, but there will always be a steady flow of money in it, guaranteeing high volatility. Today, those who invest in a silver go ahead of the crowd, and to keep up with them, let's get started.

Read more

According to analysts, about 670 million people in 45 countries use EUR as a monetary asset. The euro, along with the US dollar, makes up the bulk of the entire currency supply in market circulation. In addition to spot assets, all derivative financial instruments are traded for the main European currency: CFD, currency futures, options, and European stock indices. The euro movement and correlation remain an indicator of market conditions in most trading instruments.

Whatever you trade, it is impossible to avoid “communication” with the euro in the modern market and not to consider its influence, so let’s begin.

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Today, NZD trading assets hold about 8% of the global market (including stock exchange), but, nevertheless, they are not in massive “demand” among ordinary traders. Many are frightened by the need to analyze related markets and sectoral economic indicators. We are sure that the “kiwi” precisely suits the intelligent beginners who have come to the market to work, rather than speculate.

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We recall: cryptocurrency is a kind of a digital asset, based on specific methods of data protection and working on the “proof-of-work” principle, which performs the core functions of money (calculation, accumulation, investments, speculations).

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Beginners are usually advised to start trading with the popular EUR or GBP - it is not surprising that they quickly leave their money to the market. Statistics show that among those who survived the first stage of training, there are more lovers of raw material assets. In fact, the complexity of the fundamental analysis of AUD assets is greatly exaggerated, the risks of trading are much lower, and it is possible to cooperate with the “eastern character”. So - let’s get started.

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Tiny Switzerland has not only large-scale industrial production, raw materials and energy resources (except for hydropower), but also serious labor potential. Nevertheless, the country of reliable banks shows unique economic stability, and even during periods of global crises does not allow any serious economic «failure». The Swiss Franc effectively uses the economy of the «center of Europe» country and its non-aligned status.

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Beginners are usually advised to start trading with the popular EUR or GBP - it is not surprising that they quickly leave their money to the market. Statistics show that among those who survived the first stage of training, there are more lovers of raw material assets. In fact, the complexity of the fundamental analysis of AUD assets is greatly exaggerated, the risks of trading are much lower, and it is possible to cooperate with the “eastern character”. So - let’s get started.

Read more

We recall: cryptocurrency is a kind of a digital asset, based on specific methods of data protection and working on the “proof-of-work” principle, which performs the core functions of money (calculation, accumulation, investments, speculations).

Read more

According to analysts, about 670 million people in 45 countries use EUR as a monetary asset. The euro, along with the US dollar, makes up the bulk of the entire currency supply in market circulation. In addition to spot assets, all derivative financial instruments are traded for the main European currency: CFD, currency futures, options, and European stock indices. The euro movement and correlation remain an indicator of market conditions in most trading instruments.

Read more

Today, NZD trading assets hold about 8% of the global market (including stock exchange), but, nevertheless, they are not in massive “demand” among ordinary traders. Many are frightened by the need to analyze related markets and sectoral economic indicators. We are sure that the “kiwi” precisely suits the intelligent beginners who have come to the market to work, rather than speculate.

Read more

Nowadays, commercial demand for silver tackles between its industrial and jewellery metal statuses. Together with gold, silver assets are used as goods, securities, means of mutual settlements and accumulation/savings, and are also considered a universal indicator of market sentiment.

The precious metals market is relatively narrow, but there will always be a steady flow of money in it, guaranteeing high volatility. Today, those who invest in a silver go ahead of the crowd, and to keep up with them, let's get started.

Read more

Gold in any form - physical, paper, jewelry, and even virtual - has historically been considered a financial (and political!) safe-haven asset, the protection against inflation, and a guarantee of stability. Even a minimal hint of any problems is enough for investors to leave any other assets en masse, and invest in gold deals, saving their capital.

Until financiers have come up with a more stable monetary system than tied to gold, and sovereign currencies based on blockchain have not yet conquered the world, we should also join a team of successful speculators, so let's get started.

Read more

A gap is usually called the split in the graph of a market asset price between the closing price of the previous bar (candle, period) and the opening price of the next.

For fundamental analysis, such a situation means a sharp change in the interest of market participants in the current price zone and a shift in volumes above/below a certain range.

Trading on gaps is difficult, but sometimes very profitable. In any case, you need to understand what is happening on the market at that time, so let's get started.

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The concept of "fundamental analysis" first appeared in the American financial school on the lectures of Benjamin Graham and David Dodd, or rather, in their classic work "Security Analysis".

At the time, the authors were among the ten most successful investors, and the famous Warren Buffett, who works on the market solely on the basis of fundamental assessments, is considered their modern follower.

So…

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As a rule, a breakthrough in economic theory is preceded by global crises. It is believed that Simon Kuznets, an American economist of Russian origin, was the first who become interested in evaluating the national product: his calculation and analysis of the GDP dynamics had been accomplished during the Great Depression and covered the period from 1929 to 1935.

Nowadays, GDP is a general macroeconomic pointer of “health”, and its indicators are included in the necessary minimum statistics for analyzing the economies of countries with any, even non-market, economy.

Official data are published regularly and always available for study. For example, we receive data on US GDP three weeks after the end of the quarter.

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There was a debate in the Forex community about which type of analysis is more usable, technical or fundamental. That debate is still going on in some places.

However, this discussion is mostly for newer traders who fail to realize one simple thing when they are learning to trade Forex: these two types of analysis are two slightly different aspects of the same thing – financial analysis. Note that we used the word “slightly”.

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Visual analysis gives triangle price models a special meaning. It is in the shape of Triangle that any adjustments occur, in the consolidation period the market volume accumulates inside of it, and the pattern borders test warns about an upcoming leap.

The model has various options, appears on any assets, timeframes and volumes, has enviable durability and easily recovers after gaps and speculative leaps.

Chances for workout of all the Triangle schemes are very high, so let’s begin.

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The first who expressed the idea of harmonic patterns were the stock theorists Larry Pesavento, Harold M. Gartley, and Scott M. Kearney, moreover, the leader of these three was Larry.

Nevertheless, Gartly’s book “Profits In The Stock Market” (1935) with a detailed description of the general models revolutionized the technical analysis and the first limited edition copies were sold at a higher price than a car.

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Some analysts do not distinguish Pennant as a separate pattern. It is alike the Triangle figure by the support/resistance line diagram, and the presence of the flagpole along with the formation principle resembles the Flag model, in which, instead of a uniform flat in the “panel” zone, the price range gradually decreases.

Nevertheless, it will be useful to us as a separate trading scheme, so - let’s get started.

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