Recommended books
- Essentials of Foreign Exchange Trading
- Beat the Forex Dealer: An insider's look into trading today's foreign exchange market (Wiley Trading)
- The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)
- Survive and Prosper in the Great Depression of 2009-2012: A Step-By-Step Guide to Amassing a Fortune Trading Foreign Currencies
- High-Powered Investing All-In-One For Dummies
- The 10 Essentials of Forex Trading
- Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes (Wiley Trading)
- Getting Started in Forex Trading Strategies
| Stochastic |
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Description: This is nothing more than a linear transform, linearizing current price within the highest High and lowest Low of the selected period. Most platforms let you chart both a Fast and a Slow Stochastic, the difference is the amount of smoothing applied. Stochastic is one of the most used Forex Oscillator among traders. A few years ago I read that Lane (the creator of Stochastic) was still trading with this indicator successfully. Usage: Overbought/Oversold levels, divergences. |
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- True Strength Index (TSI)
- Relative Strength Index (RSI)
- ZigZag indicator
- Bollinger Bands
- Average Weekly Earnings
- Capital Flows (TIC)
- Wholesale inventories
- IFO index
- Chicago Purchasing Managers' Index (PMI)
- Non Farm Payroll (NFP)
- Consumer Price Index (CPI)
- Balance of trade
- Unit labor costs
- Retail Sales
- Trade Balance
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