Oct
20
A question asked by both professional and private traders alikeI have been training traders for around 15 years and perhaps the most frequently asked question of all goes something like: What parameters do you use for your moving averages? My sincere and honest response is that I don't use any in my analysis and if I did there is no such thing as an optimum parameter … except in hindsight. However, hindsight is not much worth to us right now.
Oct
20
The limitations of candlestick patterns in ForexThe quick answer is both Yes and No .Candlestick charting was first developed by Japanese rice traders and can be traced back several hundred years in the 18th century. According to Steve Nison, candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that is used today.