Categories: Forex Trading Strategies

When are Forex News Days? A Guide for Traders

Forex news days are the days when major economic data is released that affects currency values. This data is usually released by central banks or governments in order to control or influence their currency trading. Generally, forex news days come on Monday, Wednesday and Friday in both advanced economies and emerging markets. On these days, traders become more active and watch the markets for potential price movements, so it is important to be aware of the possible forex news events and prepare accordingly.

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Categories: Forex Code

Parabolic SAR Alert Indicator (MT4) in Forex Trading: A Guide

The Parabolic SAR Alert indicator is a popular tool among Forex traders for its ability to generate timely alerts when the price reaches or passes certain predetermined levels. This indicator utilizes the Parabolic SAR trend indicators to generate buy and sell signals, allowing traders to act swiftly on new market trends quickly. The alerts are generated when the Parabolic SAR crossing occurs, making it easy for the trader to lock in profits or minimize losses. This indicator also features an adjustable step size and maximum acceleration factor, both of which can be adjusted to cater to the user’s personal trading style.

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Categories: Forex Trading Strategies

Channel and Wedge Finder: A Guide to Forex Trading

This Channel and Wedge Finder indicator for Trade Forex allows you to easily identify potential trading opportunities using channels and wedges. It can be used to trade breakouts, support and resistance levels, and reversals. This indicator can detect traditional channels as well as reverse channels and bullish/bearish wedges. It also comes with customizable alerts, both visual and sound, so you can easily identify potentially lucrative trades. With its concise look and intuitive design, the Channel and Wedge Finder is an excellent introduction to technical analysis for forex traders.

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