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Forex Charts

Written on February 14, 2011 by Steve

Filed Under: Finance, Work at home

Forex charts with oscillators typically include RSI (relative strength index). You watch RSI for signals that price is overbought (too high) or oversold (too low). When you see either extreme, you take the opposite trade position. When RSI indicates price is overbought, for example, you take a short position. Carefully edamine the Forex charts and double check the time period you are working with. Whether you are reviewing automatically generated Forex charts for a common time period: day, week, month, year or manually generated Forex charts, you need to clarify what time period each bar or candlestick represents. Usually, the program you use for generating charts has a time period notation such as 15 minutes, one hour or one day.

Currency Trading

Written on February 8, 2011 by Steve

Filed Under: Finance, Work at home

Currency trading is not the same as stocks, bonds, futures or options. Currency trading in your country is not supervised by any official appointed by your central government. And also there is no clearing house to guarantee trades. Within a day, more than USD 3000000000000 worth of transactions conducted, which just goes to show how widespread the forex market is, and why you should learn currency trading.

In currency trading, “pips” are used. pip percentage represents only the Point. Pips, which are sometimes called a point – and you may find it easier if you think like that. Currency pips are used to measure changes in the price of money.