Author Archives: Srinivas Matcha

How To Calculate Moving Averages

What is Moving Average? Moving Average is an Indicator which shows average moving of Prices over a period of time in a pre-determined time. Main Moving Averages are 3 Types: Simple Moving Average(SMA) Weighted Moving Average(WMA) Exponential Moving Average(EMA) Simple Moving Average: To get Simple Moving Average, take all the closing prices for the days or any time frame we ...

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What is Support and Resistance

What is Support and resistance? Support: Previous significant Low of the Price acts as Support. Support(Floor) levels prevent the market from moving prices downward. Price tends to bounce from Support. More times Price respects Support Area, the stronger the Support. However, once Price brakes the Support, it is likely to continue until it finds another Support level. Resistance: Previous significant ...

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How Forex Market Moves

How the Forex Market moves? Usually, market moves in three different ways.  They are: Up Trend Down Trend Sideways Trend (Ranging) Up Trend: When the price is moving upwards, we call it as Up Trend.  Up Trend forms Higher Highs and Higher Lows or a series of Ascending short term Bottoms.  When we find minimum three Bottoms we can call ...

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Candlestick Patterns

Japanese Candlesticks and Patterns: In the olden days, Japanese used to use Candlesticks to trade Rice.  But, Steve Nison discovered the secret techniques of Japanese Candlesticks.  In Candlestick Charts, we can find some Patterns what give us the prior intimation whether to go Bullish or Bearish.  Those Patterns will form with Single Candle, Two Candles and Three Candles.  See the ...

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Types of Forex Charts

Chart Types: Forex, Commodities, Equities and Bullion, whatever it may be, there are 3 types of Charts available.  They are: Line Charts Bar Charts Candlestick Charts Line Chart:  When we draw a line adding one closing price to another closing price, we can see the Line Chart.  See the example below: With Line Chart, we can see the price movement ...

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What is Spread

Bid/Ask: All Forex prices are quoted with two prices.  Those are… Bid and Ask. The Bid price is the best available price where we can Sell the base currency against quote currency. The Ask price is the best available price where we can Buy the base currency against quote currency. The Bid price is always lower than the Ask price. ...

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Lot Sizes

Lots and Profit & Losses The Standard Lot size is 1,00,000 Units.   Mini(10,000 Units), Micro(1,000 Units) and Nano(100 Units) Lots are also there.  But most of the brokers do not allow Nano Lots.  So, we don’t need to think about them. As we learned that a PIP is a smallest movement in that currency and to take advantage of this ...

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What is Pip

“PIP” stands for “Percentage In Point”. In Forex(Fx) Market, we calculate movements in PIPs.  A PIP is defined as “the smallest movement in the Exchange in between two Currencies”. Normally, 10000th fraction of the base currency is counted as PIP.  For Ex: If we take EUR/USD and EUR/USD is at 1.3647 1/10000 = 0.0001 So, in EUR/USD, 0.0001 movement in ...

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How To Install Forex Metrader 4

Installing Meta trader 4 Installing Meta Trader 4 is an easy task.  For your convenience, go through the post and watch Video if you have any doubts. For this purpose, I am using Alpari website.  You can choose any Broker you want.  Process may be almost same. Now, go to the website www.alpari.co.uk Click “Try a Demo” button in the ...

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Currency Pairs

Currency Pairs: When we take a trade, there are two currencies are involved in that particular transaction.  That means, when we Buy one currency, we Sell another currency.  For example, if we Buy EUR/USD; We bought Euro against US Dollar.  That means, we bought Euro and sold US Dollar.  Vice versa, if we sell EUR/USD, We sold Euro against US ...

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