The forex markets are open 24 hours a day, but not all hours are created equal. Trading volumes are known to vary significantly throughout the day. But I’m not one to listen to anecdotes, so I decided to dissect my broker data and verify it for myself. It’s in the Data Here’s how you can […]
Book Review: Building Winning Algorithmic Trading Systems – TradingTact
An investment in knowledge pays the best interest. And what better way to block out the noise of the internet and acquire knowledge than to dive into the trading literature? Today I’ll review “Building Winning Algorithmic Trading Systems,” which helped me out immensely when I embarked on my trading journey years ago. These are no […]
Automated Bollinger Bands Squeeze Forex Strategy – TradingTact
Bollinger Bands are the ever-popular indicator for trend following and mean reversion traders alike. StrategyQuant provides a Bollinger Bands Width Ratio (BBWR) indicator, which measures the width between the upper and lower bands. With this indicator, you can detect a Bollinger Bands squeeze and prepare for a potential breakout. But first, here’s a quick primer […]
Who Are the Major Players in the Forex Market? – TradingTact
The forex market is the largest and most liquid financial market in the world. According to the Bank of International Settlements, the forex daily turnover exceeds $6 trillion. Who are the major players in this market? Read on to find out! 1. Central Banks Central banks serve as the monetary authorities of their respective countries, […]
How to Use the Supertrend Indicator – TradingTact
With trend following growing in popularity, there is an abundance of trend indicators to choose from. When I heard about the catchy Supertrend indicator, I knew I had to check it out. What is the Supertrend Indicator? The Supertrend is not available in MT4 by default, but you can download it here (together with the […]