Learn online forex trading - The Bands of Bollinger are strong

Bollinger bands is one of the most widely used technical indicator that tells about market trend - it could be any market like forex or stock or commodity or anything.

What is Bollinger Band -

Bollinger bands were originated by John Bollinger, it consists of a centre line and 2 price lines - one above and one below the centre line. The centreline is EMA (Exponential Moving Average) while price lines are standard deviation.

How to use Bollinger Band -

It is assumed that when Price touches upper price line, that means that the currency pair in online forex trading is overbought. Opposite when the currency touches lower price line. However remember this is not the case everytime.


How does Bollinger band identify a price explosion -

It is said that when the upper and lower price lines contract and get very close to each other, it is an indication that price in online forex trading market is about to explode very soon.

Personnally I do not use Bollinger bands. Its because using too many indicators may spoil the trading plan and that makes missing lot of good trading opportunities as one technical indicator may contradict the other. Thats why I generally use only 2-3 indicators to make a trade in online forex trading.

Thats all in today's session on online forex trading. Very soon I'll put up the details on the trade that I have made on NZD/USD.

So visit soon to learn more on online forex trading.

Learn Online Forex Trading - These fundamental announcements move the market the most

Hello everyone...I came across this very interesting and very useful article which lists which fundamental announcements moves the forex trading market the most and how many pips does it move.

So, definitly it will tell you when is the market expected to be most volatile for online forex trading. I have added this article to my favourites. You can do the same as well.

A pop question - Which fundamental announcement do you think moves the online forex trading market the most?

.... Non Farm Payrolls ( NFP )...Isn't it??

You are absolutely WRONG !!!

Indeed the NFP is one of the most volatile announcement, However -

ISM or Institute of Supply Management’s Index of Manufacturing Sentiment actually surpassed the non-farm payrolls as the market moving indicator for the US dollar

So, go ahead and read this fabulous article and learn something new in online forex trading.

Read it at -

Click here to read online forex trading article

Thats all in today's session on online forex trading. Add the rss feed of this website on your homepage.

Take care and visit again to learn more on online forex trading

Learn Online Forex Trading - Trading market is at key support /resistance areas

Hello Everyone..So, the NFP ( Non Farm Payrolls ) , moved the forex trading market on average in the range of 100 to 110 pips. The observed the market at that time and saw its volatility...

Wow it was fascinating. And like suspected, the trading orders were not getting filled by most forex trading stations. I tested this with a demo account and was glad that I didot place an order with my mini account.

Now, what the Non farm Payroll or lets say NFP has done is it has placed mostly all the major/minor currency pairs (Ones which have USD as one of the currencies) near the key support/resistance areas.

Take a look at the daily chart of EUR/USD currency pair for example and you will find the same. Oh, before that, do you know what is a support/resistance area and how to identify it? I have mentioned about this in my previous messages on online forex trading. Request you to go through the same. However just a brief summary -

1. Support area - An area on the downtrend of a currency pair from where the currency pair is bouncing constantly. The more the number of times the currency pair hits that area and reverses, the more stronger the support area is.

2. Resistance area - Reverse to what support area is.

Now we all know that if a key support or resistance area is broken, the currency pair shoots off in that direction.

So, take this as a tip and then look closely at 1 hr chart or 15 min or 5 min chart, which you are most comfortable in trading and then come up with an online forex trading plan for the day before you place a forex trade.

Thats all in today's message on online forex trading.

By the way, I thank the 7 people who left their email ids as per my last message. I have deleted your comments so that your email-ids don't fall in hand of spammers.

Keep visiting this blog, leave your comments and learn more on online forex trading

Learn Online Forex Trading - Non Farm Payroll (NFP) declaration tomorrow

Before I start mentioning about NFP, I need to share some good news with you -

My site is ranking at top of google search engine for some forex trading terms for which 95000 sites are competing. I came to know about this and day before yesterday and it made me feel that yes, this site is worth something.

I would like to thank all of you loyal readers and visitors for linking to this site or adding this to your RSS feeds. Gradually and surely the readership is building.

I am definitly getting the feeling that my tips and suggestions are helping you out. Let me accept that I am not an expert in online forex trading and I am not trying to be an expert. I just trying to share my knowledge with fellow traders and trying to shorten their learning curve.

And to thank you for your readership, I would like to offer you something on online forex trading for free. Please just mention your email id in the comments and I'll madd your id to my address book and then I'll delete your comment so that your id doesn't fall in spammers hands.

So lets get started with today's session on learning online forex trading -

Tomorrow is the 1st friday of August and so its time for Non-Farm payroll ( NFP ) declaration. Remember this is the most volatime fundamental news and when the news come out all the currency pairs that have USD as one of its currency, move atleast 100 pips in a matter for 1-2 min.

Like I mentioned in my one of the previous posts the NFP news comes at 8:30 AM EST. So you'll observe that the online forex trading market will become quite from 6 AM EST and come into strong movement when Non Farm Payroll announcement comes out.

Personally I never trade NFP announcements as the trading agents never gaurantee that the order will be fullfilled, so you don't to enter an online forex trade in which there are chances that the stop order may not get filled in case the market goes against the direction of your trade. This could cause your account to lose thousand's of dollars.

Some experts are suggesting that tomorrows NFP announcement will be pro USD.

Thats all in today's session to learn online forex trading. Add this site to your favourites or add the RSS feed..Just make sure that you keep visiting this site again and again.

Also, don't forget to leave your email id in comments to receive a gift very soon..:-)

Keep visiting to learn online forex trading