- Price Action
- Ichimoku Cloud
- Order Block
- Triangular Arbitrage
ScalpingScalping is a quick-to-earn process that is laid in the short term between the bid and ask price. If you are new to Forex trading then scalping can be your best option as it is very simple to use, without the need to have economical or financial knowledge. This strategy works perfectly for beginners. Scalping contains several forms. It can be used by new traders but it can also be used by more advanced traders in the Forex market. When it comes to advanced scalping, Forex traders tend to read the Forex market starting from the top up to the bottom, starting from the daily into the weekly chart. They also come up with a 5-minute chart that is on a step-by-step basis.
Price Action with ContextWhat is Price Action? It is considered to be the most logical strategy used in Forex trading. It also considers the things that the ultimate investors are doing in the Forex market. We all know that the market is ruled by huge financial institutions as well as the central banks of different countries, the very reason why every trader should know and understand their contributions to the market price. It is also important to understand the market context which is being mentioned here. This market context is what allows traders to comprehend whether they should continue in the long run or just close the trades now, depending on the features of the trend – Impulse, Correction, Volatility, and Non-volatility.
Ichimoku Kinko HyoIchimoku is an FX trading indicator which is being used for free in the most trading platform. Here are some of the most important elements of the Ichimoku cloud;
- Kumo Cloud – it is a trading zone, working as resistance and support level.
- Senkou Span A and Senkou Span B – it is used by traders in identifying the direction of the market.
- Tenkan Sen and Kijun Sen – are tools used in place of a moving average.