XM Forex Penguin
XM Forex Penguin

10 Common Price Action Patterns

If you are looking for an elegant way to trade with minimal noise on your charts, you cannot beat price action. In this guide, we are going to introduce you to a number of candlestick patterns you can use in your trading. If you are not familiar with price action, you should get started by … Read more

What is Price Action?

Most people think of fundamental analysis and technical analysis when they consider methods they can use for trading forex. But there is a third option as well, called price action. In this post, we will explain to you what price action is and how it works. We will introduce you to some common price patterns, … Read more

What is Technical Analysis?

What is Technical Analysis

Trading forex successfully requires the 3 “Ms”: mental, money management, and method. For method, you can choose between a system that uses fundamental analysis, technical analysis, or price action. In some cases, you might combine aspects of more than one of these types of analysis. For our introduction to fundamental analysis, please see our post, … Read more

What is Fundamental Analysis

What is Fundamental Analysis

If you are going to profitably trade forex, you need to focus on the 3 “Ms” of forex: mental, money management, and method. When it comes to method, most of your options fall neatly into three different categories: fundamental analysis, technical analysis and price action. In this article, we are going to introduce you to … Read more

Top 8 Forex Newbie Mistakes

Top 8 Forex Newbie Mistakes

If you are just starting out with forex trading, you can do yourself a big favor by simply avoiding making common novice trading mistakes. In this post, we go over some of those mistakes in detail. That way, you can navigate around these potential pitfalls, saving time and money on your trading journey. For your … Read more

Popular Tools to Help with Forex Trading

Popular Tools to Help with Forex Trading

Planning to start trading on MetaTrader 4? The world’s most popular trading platform comes with an abundance of trading tools built right in. In this post, we are going to give you a rundown of these indicators and how you can use them for technical analysis. Video Summary Reminder: Below, we summarize what these indicators … Read more

Is Forex Better Than Crypto?

Is Forex Better Than Crypto_

For many years, forex was the thing to invest in. Edgy Millennials looking for opportunities beyond the stock market found unprecedented freedom, flexibility, and opportunity in FX when retail trading exploded in the Aughts. Forex trading is still a big deal, but over recent years, cryptocurrency trading has taken over the spotlight. You might be … Read more