Pivot points are another tool or indicator that can be used to help in trading. They are used to predict potential levels of support or resistance. As with all indicators, it’s best to use along with other indications to give a better idea of how we should interpret what is likely to happen. With the IBFX trading platform, pivot points can be accessed from the Custom Indicators list in the Navigator window. There are 2 choices for pivot points. One is IBFX – DailyPivots and the other is IBFX – […]
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Forex Graduate Call Notes: Fibonacci Retracements
February 4, 2014 in FOREX Graduate Session
The Fibonacci Retracements are ratios that are used to identify potential support and resistance levels. These levels are potential reversal points for us to pay extra attention to for a return to the prior trend. The retracements are based off of a mathematical sequence shown below: 1,2,3,5,8,13,21,34,55….. where the prior 2 numbers are added together to get the next number in the sequence. If you take a number and divide by the next highest number in the sequence, the answer nears .618 (8/13 = .6153, 13/21 = .619……) as the […]
Economic Calendar
January 14, 2014 in FOREX, FOREX Graduate Session
There are numerous economic reports that come out every day. Some reports are important and some not so important. How do we keep track of all these reports and how do we know which ones we should pay attention to? Many Forex brokers provide an economic calendar on their website that traders can access to help you keep track of all the reports. We looked at IBFX’s website & accessed their economic calendar which provided a listing of economic reports and the time and country where the report was initiated […]
Protected: Forex Graduate Session 9-3-13
September 3, 2013 in FOREX Graduate Session
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