Matteo Bruno - Forex Trading Education

Projection Oscillator - Technical Indicator

nospam@example.com (Matteo Bruno) — Sun, 19 Oct 2008 05:15:28 -0500

What Does It Mean?

Derived from Projection Bands, the Projection Oscillator (developed by M. Widner) measures the distance of the closing value within the current Projection Bands.

When the close is near or approaching 0, that translates to a close which is near the lower projection band. A value near or approaching 100 indicates the close is approaching the upper projection band.

Projection Oscillator Combined with Bar Chart

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Understanding Japanese Candlestick Charts

nospam@example.com (Matteo Bruno) — Tue, 23 Sep 2008 03:57:22 -0500

Although the fact that the same data is being used when charting candlestick charts and bar charts, japanese candlestick charting dramatically increases the visual analysis abilities.

Candlestick patterns allow the technical trader to gather trend and human behavior information more easily then with bar charts. Once you have become familiar with candlestick charts, the visual aspects of these charts will make all other charting techniques seem insignificant.

Bar Chart

Today, the default option in charting software is to view the forex, stock or futures price movement through bar charts.

Each bar displays the open, close, high and low as price change, regardless of the time period you use, i.e. 5 min, 1 hour, daily, weekly, etc.

Bar Price Movement Formation

Forming the Bar

One bar, a vertical line, represents the specify periodicity price movement. The top of the line is the high of the trading range and the bottom is the low.

A bulge to the left side of the line represents the opening price while a bulge to the right side represents the closing price.

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An Introduction to Online Currency Trading

nospam@example.com (Matteo Bruno) — Wed, 17 Sep 2008 03:37:42 -0500

Online currency trading may be a new concept to some, but, there are plenty of people who find it a lucrative and worthwhile endeavor.

E-Currency trading is the practice of buying and selling foreign currencies to turn a profit, and there are many different benefits and advantages to this kind of trading. Perhaps your portfolio is largely filled with stocks, mutual funds and bonds, but not currencies, in which case expanding to include foreign currencies is a great way to have your money in different aspects of the financial market.

Understanding E-Currency

E-currency trading is done on the Global Foreign Exchange and is a 24 hour operation. The trading day begins in Sydney when their exchange opens for the day, and from there it moves around the globe as different markets throughout the world begin to open. The last major market to open is New York.

Yes, there are many different currencies throughout the world, but the majority of trading is done with what are known as “the majors”. These are the major currencies of the world that are relatively economically stable, thus making them a good choice; They include the Euro, British Pound, American, Canadian, and Australian Dollars, the Swiss Franc, and Japanese Yen.

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