Recent content by GeekyForex

There are various types of breakouts: Volatility Breakouts: These occur when there is an increase in market volatility, resulting in sharp moves beyond key levels of support or resistance. Traders may use indicators such as Bollinger Bands to identify periods of high volatility and anticipate...

Discipline is not just a desirable trait, but an absolute necessity for trading longevity. Without it, traders are at risk of making impulsive decisions based on emotions rather than logic and analysis. Discipline means sticking to your trading plan, following your strategies consistently, and...

What Is Market Volatility Market volatility refers to the rapid and significant price fluctuations that occur in financial markets. It is essentially a measure of the rate at which prices rise or fall within a given period. In simple terms, it's like riding a rollercoaster—prices can go up one...

The RSI Indicator can be a powerful tool for timing your Forex trades and traders often use it to identify potential buy or sell signals. Once you have selected the type of RSI that best suits your trading style, set up your chart with the appropriate parameters. The standard setting for the...

What exactly are pivot points and why should you care about them in Forex trading? Well, pivot points are a technical analysis tool used to identify potential support and resistance levels in the market. They are calculated based on the previous day's high, low, and close prices. To put it...

Moving averages are a technical analysis tool that smooths out price data by creating a constantly updated average. This helps traders identify trends and potential reversals in the market. The concept is simple: moving averages calculate the average price of an asset over a specific period of...

Here are some tips to creating an effective scalping strategy: 1. Stay Updated: One of the key tips for scalping is using the economic calendar to stay updated with the latest news and events that can impact currency movements. Make it a habit to check the economic calendar regularly, so you...

When it comes to trading, having the right information at your fingertips is crucial. That's where economic indicators come into play. These indicators provide valuable insights into the overall health and performance of an economy, which can help inform your trading decisions. 1. Gross...

There a variety of strategies used by traders and there is a constant debate on which is the best Forex scalping strategy. However, no matter how simple or complex a traders strategy is, it will fall into one of the follow three general scalping strategies: Breakout Scalping A breakout...

Forex trading is filled with various strategies that traders can employ to potentially maximise profits. When it comes to trend following, there are several different approaches that traders can take. Each strategy has its own unique characteristics and advantages, catering to the diverse needs...

Scalping is a popular approach that involves making multiple quick trades to take advantage of small price fluctuations. It requires precise timing, solid risk management skills, and a deep understanding of various indicators. Our educational hub aims to equip you with the knowledge and tools...

In today's dynamic and ever-changing financial landscape, it is crucial to grasp the intricacies of Forex risk management strategies to safeguard your investments and maximise your potential gains. Whether you're just starting your trading journey or seeking to advance your existing risk...

Risk management is essential! Every trader should have a detailed strategy for protecting individual trades and capital. Key elements that should be considered as part of a strategy should be position sizing, risk to reward ratio's and of course stop loss orders. Our risk management hub has a...

Hedging is a popular strategy used in Forex trading to minimise risks and protect investments. But what exactly is it? Simply put, direct hedging involves opening two positions on the same currency pair simultaneously – one long position and one short position. The idea behind this strategy is...

Forex trading can be profitable, but it is not easy! Like anything that involves risking money it should be well researched and time taken to fully understand the basic fundamentals.....at the very least. A comprehensive understanding of risk management is essential, without it you essentially...