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Tradingcircle7.com We at tradingcircle7.com provide quality training to currency traders in NSECD and MCX-SX and forex trading. Our aim is to create extra income opportunity.

Plotting Support and Resistance:One thing to remember is that support and resistance levels are not exact numbers. Often...
01/08/2015

Plotting Support and Resistance:
One thing to remember is that support and resistance levels are not exact numbers.
Often, you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it. With candlestick charts, these "tests" of support and resistance are usually represented by the candlestick shadows.

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Support and Resistance:Support and resistance is one of the most widely used concepts in trading. Strangely enough, ever...
29/07/2015

Support and Resistance:
Support and resistance is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea on how you should measure support and resistance.
Let's take a look at the basics first.

Happy Trading......

HOW TO READ A CHART:Currencies are always quoted in pairs, such as GBP/USD, NZD/USD or USDINR, EURINR. The reason they a...
28/07/2015

HOW TO READ A CHART:
Currencies are always quoted in pairs, such as GBP/USD, NZD/USD or USDINR, EURINR. The reason they are quoted in pairs is because in every foreign exchange transaction, you are simultaneously buying one currency and selling another.

Here is an example of a foreign exchange rate for the New-Zealand dollar versus the U.S. dollar.The first listed currency to the left of the slash ("/") is known as the base currency (in this example, the New-Zealand dollar), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).

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CANDLESTICK CHART: Candlestick chart show the same information as a bar chart, but in a prettier, graphic format. Candle...
27/07/2015

CANDLESTICK CHART:
Candlestick chart show the same information as a bar chart, but in a prettier, graphic format. Candlestick bars still indicate the high-to-low range with a vertical line. However, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency closed lower than it opened.

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BAR CHART: The bar chart is arguably the most popular type of chart currently in use. It consists of four significant po...
24/07/2015

BAR CHART: The bar chart is arguably the most popular type of chart currently in use. It consists of four significant points:
• the high and the low prices, which are united by a vertical bar;
• the opening price, which is marked with a little horizontal line to the
left of the bar;
• the closing price, which is marked with a little horizontal line to the
right of the bar.

23/07/2015

The four largest money gatherers and distributors in the world are WAR, MEDICINE, INSURANCE AND RELIGION. These four institutions control more money than the most powerful country in the world. Why do they enjoy this position? Because they have to do with the survival of our most personal organization - ourselves.

20/07/2015

Many experienced traders say that making money in the market is easy; what is difficult is keeping it. The patterns of all markets is that they spend most of their time going nowhere and only a small amount of time ( 15% to 30% ) in identifiable trends.

Following chart shows bullish and bearish versions of trade setups. In each, waves (2), (4), (5), and (B) are trade setu...
18/07/2015

Following chart shows bullish and bearish versions of trade setups. In each, waves (2), (4), (5), and (B) are trade setups that introduce the four primary Elliott-based trading opportunities.

Usually prices travel in following manner over  a chart in upward direction and vice versa in a downtrend.
14/07/2015

Usually prices travel in following manner over a chart in upward direction and vice versa in a downtrend.

13/07/2015

To tune into the market itself, you must relax your personal goals.

12/07/2015

For new traders basic requirements to start currency trading explained in plain and simple way. Happy Trading ,

10/07/2015

The market can often seem as chaotic as our inner world, our stream of consciousness. To make sense of it all, we must first find the basic structure to reality and the market - an underlying structure that revels the order underneath the chaos.

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