Falling & Rising Wedge Chart Patterns with OctaFX: The Complete Guide to Forex Trading
Strategies

Falling & Rising Wedge Chart Patterns with OctaFX: The Complete Guide to Forex Trading

Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits along with precise entries for the trader who uses patience to their advantage. One of the great things about this type of wedge pattern is that it typically carves out levels that are easy to identify. This makes our job as price action traders that much easier not to mention profitable. Let’s start by defining the characteristics.
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…
What is Trend Following? How do Trend Followers Make Money in OctaFX
Strategies

What is Trend Following? How do Trend Followers Make Money in OctaFX

Trend following trading strategies are often the most successful trading strategies to use. As a beginner, they are the best strategies to follow because they are often easy to implement. By using them you can also learn how the market works and make a profit as well. Many traders, beginners and professionals alike, rely on trends. Some even say that you can make a living off just one pattern, that is if you know how to use it. This doesn’t mean though that trend trading is always easy though. You may have heard the phrase ‘the trend is your friend’. However, there is another phrase which is also true; “The trend is your friend until the end when it bends.” Wise words from professional trader Ed Seykota.
Forex Swing Trading Strategy in OctaFX: The Complete Guide for Trader
Strategies

Forex Swing Trading Strategy in OctaFX: The Complete Guide for Trader

Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it doesn’t have to be that way. Why not start with identifying a suitable trading style, such as Forex swing trading? Compared to the seemingly endless numbers of strategies, there are far fewer trading styles. While the exact figure is debatable, I would argue that there are less than ten popular styles in existence. Once you’ve identified a trading style that fits your personality, it becomes much easier to find a suitable strategy within that style. If you have identified swing trading as a candidate—or just want to know more about it—then this post is for you. By the time you finish, you will know exactly what swing trading is and whether it’s right for you. I will also share a simple 6-step process that will have you profiting from market swings in no time. Read on to learn how to make swing trading work for you.
What is ETF (Exchange Traded Fund) Trading? ETFs for Day Trading Strategies with OctaFX
Strategies

What is ETF (Exchange Traded Fund) Trading? ETFs for Day Trading Strategies with OctaFX

In this article, we’re going to talk about how ETF trading strategies can help you grow a small account quickly. When combined with the right strategy, ETFs can be one of the best and safest ways to generate profits consistently from the financial markets. ETFs are versatile financial instruments that are suitable for every trading style. This means you can start day trading ETFs or even swing trading ETFs. By taking care of the risk associated with ETF trading you can start to enjoy some of the benefits. We’re going to highlight the benefits of adding ETFs in your trading and investing portfolio. However, we’re also going to shed some light on the risk involved with ETF (exchange-traded funds). If you’re not familiar with ETF trading and don’t have a complete understanding of how to trade ETFs, we hope this ETF step-by-step guide will provide some guidance.