Forex (and also stock) traders always look for something that tells them when to buy and when to sell. Although all professional forex traders have their own trading system (strategy) but they love to find easier ways for trading. Easier ways means losing less and gaining more. Making less mistakes and having more successful trades. And moving averages (MA) are the tools that some traders use to eliminate the noises and find good and profitable price movements (trends). Read the rest of this entry »

As you know we have two kinds of forex trading. Some traders use the price charts to trade and some other traders use the economical and political situation of the world and different countries. The first group use the technical analysis techniques and the second groups are called fundamental traders.Almost over 99% of the forex traders are belonged to the technical analyzing group. The reason is that you trade according to what you see, not what you hear or read that can be false or true. So it is easier to trade using the price charts and technical analysis. Read the rest of this entry »

Download Renko chart indicator for MT4 or MetaTrader platform: Click Here

Do you really have to consider the time or volume in your trades or you can also trade according to the price changes only? This question is the foundation of the Renko charts. Renko charts are invented by the Japanese. In this chart, time and volume has no role. Renko candles look like small bricks or boxes. They have no upper or lower shadows. We can change the box size in the Renko charts. Read the rest of this entry »