Forex Hint

Stochastics are amongst the most popular technical indicators when it comes to Forex Trading. Unfortunately most traders use them incorrectly. In this article we will review the correct way to use this popular technical indicator. George Lane developed this indicator in the late 1950s. Stochastics measure the current close relative to the range (high/low) over a set of periods. Stochastics consist of two lines: %K – Is the main line and is usually displayed as a solid line %D – Is simply a moving average of the %K and is usually displayed as a dotted line There are three types of Stochastics: Full, fast and slow stochastics. Slow stochastics are simply a smother version of the fast stochastics, and full stochastics are even a smother version of the slow stochastics. Interpretation: Buy when %K falls below the oversold level (below 20) and rises back above the same level. Sell when %K rises above de overbought level (above 80) and falls back below the same level. The interpretation abov

Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure. 1. Is it regulated? The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports. The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss