Forex encyclopedia

Random article: Forex Entry Strategy
Entry opportunity is the time when a trader can open a position and has a higher probability to gain profit. Mostly, entry opportunities are considered only when a signal is formed. But, for every signal, there are more opportunities than just one. In short, as long as the highest or lowest point of the day isn't reached yet, you also have opportunities to open a position as many times as they are available. But how to calculate entry opportunities at a certain time? Let's use a pair with average daily range 100.0 pips, and price range between 0.00001 to 0.01000. Thus, a strategy with expected profit target of 30.0 will be: average daily range – expected profit = 100.0 – 30.0 = 70.0
Popular article: Momentum Trading System
Momentum indicator measures speed of price's decline and growth. If indicator starts growing, it says that tendency accumulates its speed. If momentum curve flattens out, it says that the growth fixed by previous Close prices is similar to the growth noted a certain number of periods before. If curve moves to zero, the growth continues, but its speed falls down and loses pace. Upon crossing zero point, the curve tells about short-term dropdown of price; if decline of the indicator continues, market will descend.
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