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AUD/CAD Rallies to 11 Month Highs

AUD/CAD Daily Chart AUD/CAD reached fresh multi-month highs in early trading on Wednesday, reaching the highest levels since April of 2017. A Golden Cross pattern (bullish crossover of the 50 and 200 period simple moving averages) formed in late February, ushering in a sharp up move in price. The recent uptrend began in December of […]

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Pin Bar on GBP/JPY H4 Chart

GBP/JPY H4 Chart A classic pin bar (reversal pattern) formed on the GBP/JPY chart. The long wick candle reaching up to prior support level of 1.4857 gave additional confirmation to the bearish signal. Price fell to find support at the 21 period exponential moving average (EMA) marked in red and is currently consolidating. GBP/JPY is […]

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Mastering MetaTrader 4

MetaTrader 4 (MT4) is the most popular trading platform and charting software for retail forex traders. It was developed by Cyprus based MetaQuotes Software and released in 2005. In this article we’ll explain how to navigate the platform, explaining the functions of the various windows. We’ll cover how to set up your charts, use indicators […]

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Forex Trading Leverage and Costs

Many people would like to trade for a living, but the biggest problem they face is a lack of capital. In order to make a living trading in the stock market, traders really need to plan on having an initial balance of at least $100,000. That’s possible for mid-career professionals and retirees, but an unlikely […]

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