Resistance and Support in Forex Trading: The Comprehensive Guide

Although stock trading has its specifics, it is also subject to market laws. We are talking about conjuncture, i.e. the ratio of supply and demand, as well as psychological factors. Relying on them, you can improve your trading strategies, increasing the level of profit. Let's find out what resistance and support in Forex are, how to identify them, and how to use them in trading.

Avatar
Jim Anderson - Public Relations
Volatility Indicators: Unveiling Forex Market Swings

Market volatility is one of the key concepts of Forex trading. It reflects the level of risk and profitability of operations, so it should never be overlooked. In this article, we will discuss volatility indicators that allow you to measure volatility levels in quantitative terms to make the right decisions and build an effective trading strategy.

Avatar
Jim Anderson - Public Relations
Top 7 Momentum Indicators for Assessing the Strength of Trends

Trends are the basis of most trading strategies. However, it is important to know not only their direction but also their strength to succeed. We will look at indicators that can help you in evaluating trends — momentum indicators Forex. From this article, you will learn how key metrics are calculated, how to use them in your strategies, and how to apply them for risk management.

Avatar
Jim Anderson - Public Relations
Average True Range (ATR): What Is It and How to Use It on Forex?

Among numerous FX indicators, the Average True Range stands out. Its primary goal is to measure the instability of an asset’s price. It doesn't actually say anything about the vector of the trend but simply shows the level of fluctuations. The metric is used in trend strategies to assess the probability of a trend reversal and determine the moment the price exits the flat. It also serves to set stop loss and take profit orders and is used to estimate the width of the interval when trading using channel strategies. If you have any questions, the ATR indicator is explained in this article.

Avatar
Jim Anderson - Public Relations
Parabolic SAR Strategy: How to Use It Effectively on Forex?

Most traders actively focus on the optimal moment for market entry. This is a really important skill that allows you to catch a trend and make good money. However, if you do not know how to exit positions, you risk losing a significant portion of your profits. Receiving stop and reversal signals is critical to setting smart stop losses. You can use traditional trading tools like moving averages, but they can force you to exit a trade too early when a curve makes sudden reversals or too late at the end of a new move. An interesting indicator that allows you to accurately track the behavior of the trend with an accuracy of one bar is Parabolic SAR (PSAR).

Avatar
Jim Anderson - Public Relations
Forex Trading vs. Stock Trading: Which Is More Profitable

Obtaining high profits is the main driver of investors and traders when choosing assets for trading. That is why assessing the profitability of each asset is one of the first tasks that a trader must complete. Of course, the expected gains depend not only on the potential inherent in each of the assets but also on the trader’s willingness to pay attention to mastering technical and fundamental analysis, the time they are willing to devote to studying analytical reports and monitoring markets, etc. But there is still some underlying difference between Forex and stocks, which may influence your choice. Read the article to understand the advantages of Forex trading vs stock trading and determine which markets you are more inclined to trade on.

Avatar
Jim Anderson - Public Relations
Forex Trend Indicators: Your Essential Guide to Predictive Forex Analysis

Trend trading is considered one of the most profitable Forex strategies. Correctly identifying trends is like catching the wind in your sails, which will lead you in the right direction. Traders need to learn how to predict the continuation and reversal of a trend because it is not so easy to catch a tailwind. If you miss the chance, then it may take a long time to wait for a new convenient moment. Because experienced traders say that about 70% of the time the market does not have a clear trend or moves in a flat. Learn how to use the most effective Forex trend indicators for timely notification about the upcoming change in market sentiment.

Avatar
Jim Anderson - Public Relations
Understanding the Forex Wedge Pattern: Predicting Price Movements

A graphical representation of price fluctuations allows traders to accurately predict future price movements by highlighting certain figures. One of the most common patterns for technical analysis is the Forex wedge pattern. It is clearly visible on the chart and has a high predictive potential. But when you notice it, you should not rush to open long or short positions, as it can indicate both a reversal and a continuation of the trend. You should wait for unambiguous signals, which will be discussed in this article, and only then act decisively.

Avatar
Jim Anderson - Public Relations
Understanding Triple Candlestick Patterns for Better Returns

Candlestick analysis, which has been effectively used by traders for several centuries, helps to unravel the psychology of the quotes movement. Read the article to find out why 3 candlestick patterns are the most useful technique for analyzing market sentiment, and what conclusions can be drawn from them to improve trading efficiency.

Avatar
Jim Anderson - Public Relations
Forex Trailing Stop: What Is It, and How Does It Work

A Forex trailing stop is an order that automatically adjusts based on price fluctuations, helping traders manage risks and effectively protect their profits. This strategy is best suited for a market with high volatility as it is dynamic, flexible, and adaptive, allowing for profit-taking as asset prices rise while also safeguarding traders from losses if prices sharply decline. However, this tool comes with advantages, certain peculiarities, and pitfalls that traders should be aware of to trade effectively.

Avatar
Jim Anderson - Public Relations
Forex Stochastic Strategy: Explanation and Tips

The Stochastic oscillator has been known to traders since the 1950s, and it remains one of the favorite tools used in both stock market and Forex trading. Thanks to its versatility and accuracy, it is considered one of the essential technical indicators that every trader should be familiar with. So, what is stochastic in Forex trading, how does it work, and how will it help you earn more?

Avatar
Jim Anderson - Public Relations
Bearish Candlestick Patterns: How to Identify, Interpret, and Leverage Their Signals

In addition to the classic candlestick pattern, you may come across other bear candle patterns on your charts. They indicate an upward trend that may come to an end, leading back to a downward trend. So, let's understand what is a bearish candlestick, how to recognize it on the chart, and what it signifies when you see such a pattern before you.

Avatar
Jim Anderson - Public Relations
The Best Forex Pairs to Trade

When you trade Forex currency pairs, you exchange one currency for another or convert one currency into another. This dynamic market differs from stock trading because it operates virtually around the clock for most of the working week due to the difference in time zones. This makes efficient Forex trading more accessible to those who work during standard exchange hours. Furthermore, the best Forex robots are here for you to help you achieve success in trading, so it's easier than it may seem.

Avatar
Jim Anderson - Public Relations
The MACD Indicator: A Comprehensive Guide for Forex Traders

Chart analysis tools play a crucial role in making informed trading decisions when trading on financial markets. Indicators are an essential aspect of technical analysis as, with their help, traders get vital information about the market condition and help predict its future movement. Utilizing relevant indicators can give a competitive edge in trading and contribute to success. While numerous indicators are available, traders often rely on the most informative and popular ones. One of them is the MACD indicator Forex, which holds a significant position in the toolkit of many traders.

Avatar
Jim Anderson - Public Relations

Forex Robots Blog

Welcome to ForexStore Blog! As we try our best to produce the best Forex robots, we understand how important it is to have ears and eyes wide open to world trends and news. To be a good trader means more than just following all the rules of trading. It also requires attention to the things that happen in the world’s economy and politics as well as awareness of the new trading systems that are being put out every day. It’s important to be in touch with other traders and share the experience we’ve gained trading both manually or with the help of EAs.

ForexStore is not just an automated trading systems market. We want it to be more than just this. Our dream is to make our store a platform that would unite traders all over the world, giving them the most useful and practical tools for efficient trading. We want our customers to be satisfied not only by our products but also with supportive materials, forex news, and useful articles just about everything you might need to know.

This page of our site was created for this exact reason. Here you will find a news block where we publish only the most important latest news from the world of forex and automated trading systems as well as the important world economy and political news that has an impact on trading. Also here you will find news about updates and changes on the site. Our team works hard to present all the best features you need for the comfort profitable trading and as the site develops, we will definitely notify our users and guests about changes and improvements.

Besides, to help our visitors to get acquainted with the best Forex robots on ForexStore in our blog you will find overviews on the highly-rated according to our rating system robots. If you’re not aware of how the rating works you can read on the rating page. More detailed article about the site rating system and its algorithm you can read here.

In addition, on this page, you can also find informative articles about different aspects of trading including useful tips for your trading, trader’s life hacks, stories, and more. It will be interesting not only for newbie traders but also for those who have already gone some way in Forex trading but still longing to develop. Because the world doesn’t stay the same as it was before and the field of trading methods, strategies and tips expend every day.

We hope that our work helps you to achieve maximum results so we do not get tired to develop and move forward. If you have any kind of feedback about our work that you would like to share with us, feel free to contact us. We would love to hear from you because it helps us to develop.

If you have any questions or suggestions about how to improve our website, feel free to contact us. Our support team will be glad to answer your questions and will provide you with the best possible help. If you are a developer or vendor and you want to share your products of ForexStore, here you can find more information about how to release your EA’s or trading signals on our store.

We’re glad to have you on board!

By using our website you agree to our Privacy Policy and Cookie Policy, which you can read here.
ACCEPT