OctaFX Club

How to use Autochartist Market Reports with OctaFX
Tutorials

How to use Autochartist Market Reports with OctaFX

Autochartist Market Reports provide a clear overview of the current trends across most popular trading instruments. Delivered to your inbox at the beginning of each trading session, the reports can suggest which trade you should enter next or whether your current strategy needs an adjustment. Moreover, it provides significant time saving benefits in analysing the charts. Each Market Report consists of three main sections:
The Real Truth about Trading In OctaFX Every Trader Should Know
Blog

The Real Truth about Trading In OctaFX Every Trader Should Know

I’m guessing you’re interested in trading because you want to break the shackles of your 9 to 6 job. Or maybe you want to generate another source of income so you can be financially secure. Whatever the case is, trading gives you hope. The hope that you can be financially free and better provide the needs of your family. However… Hope isn’t enough if you don’t know what you’re dealing with. So, are you ready to learn the truth about trading and hopefully, make it work for you? Then read on…
What is 50 day moving average? How to use it and identify Profitable Trading Opportunities in OctaFX
Strategies

What is 50 day moving average? How to use it and identify Profitable Trading Opportunities in OctaFX

The 50-day simple moving average (SMA) is commonly plotted on charts and utilized by traders and market analysts because historical analysis of price movements shows it to be an effective trend indicator. The 50-, 100- and 200-day moving averages are probably among the most commonly found lines drawn on any trader or analyst's charts. All three are considered major, or significant, moving averages and represent levels of support or resistance in a market. So you’re wondering: “Which is the best moving average?” Well, there’s no best moving average out there because it doesn’t exist (as it depends on your objective current market structure). But in a healthy trend, the 50 day moving average is king. And that’s what you’ll discover in today’s post, so read on…