A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI or MACD.

Looking for the best intraday FOREX trading strategies? In the foreign exchange market

, things move around quite fast. If you want a hand in this, then you must learn to be very precise in choosing your trades. This is a trillion dollar industry that works around the clock, so there is quite an amount of opportunity for the right investor. If you are targeting to do intraday trading, then you must take a look at a few strategies that just might work well for you.

MetaTrader Indicators User's Tutorial

Aroon Up & Down — this MetaTrader indicator is based on finding the maximums/minimums of the period and doesn't use standard MT4 indicators. It is a separate window indicator with 2 charting lines. I find it useful to determine the trend changes.

Even though we base our comparison list on a few factors, there are many other criteria you need to consider when choosing a Forex broker that will fit your specific needs and trading style.  This list simply is a starting point for you to use, especially if you are new to Forex trading.  You can always go discuss any Forex broker you have questions about at Forex Forums broker forum, no question is too silly, it can save you money!

For many new forex traders, the promise of quick riches is difficult to resist. That is the main reason why every day so many people from all walks of life begin trading the forex market. While some element of this “keep your eyes on the prize” mentality is necessary to get traders through the tough times, on any given trading day one should really focus on other things first.

Automatic Forex trading robots are popular functional aids used by many currency traders. These tools are the traders' partners in increasing profit potential. They make the entire process of trading efficient and uncomplicated, thus making the traders' job a lot easier.

1,4162. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement.