After installing and opening a demo Forex account on MetaTrader 4 you can begin to study the platform’s interface. MetaTrader’s opening page is like in the image: Let’s analyse the interface by considering every point displayed in the image: Area 1 This area of the window shows yo...

Besides a bar’s reversal, there is also the possibility to forsee the reversal of a trend by using two depletion bars. The first of the two bars keeps the same direction of the main trend. For example, if you have an ascending trend it will have a positive closure very close to the trend’...

The depletion bar can be usually found at the end of a trend and it indicated a possible reversal of that trend. It has  a significant pyschological aspect, that’s why it is considered one of the most reliable bars. By studying a candlestick, you can notice that above and below the main candl...

The support is that level at which the price will never get below, for a given period of time, due to high concentration of demand. On the contrary, resistance is the given level above which the prce will not rise ever, due to increased sale volumes as you approach the given price. Support and resis...