Memory-Of-Price Strategy is a trading strategy that is set up on the assumption of the support and resistance points of double tops and double bottoms exert an influence on future price action after they have been broken. The thesis behind this setup is that it takes an enormous amount of buying power to exceed the value of the prior range of the double top breakout and vice … [Read more...]
Foreign exchange market v/s the stock market
Foreign exchange market v/s the stock market Trading that takes place between two counties with different currencies is known as forex trading .The foreign exchange market is also known as the FX market, or the forex market. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies. The forex … [Read more...]
Market psychology Of Foreign exchange trading
Market psychology and trader perceptions influence the foreign exchange market in a variety of ways: Flights to quality Unsettling international events can lead to a "flight to quality," with investors seeking a "safe haven." There will be a greater demand, thus a higher price, for currencies perceived as stronger over their relatively weaker counterparts. The Swiss franc … [Read more...]