Forex Calculator

Article by Benjamin Stockton

Predicting future movements of currency values involves a certain level of expertise in technical analysis. Fundamental analysis provides general ideas on where a currency will go in the long term but this does not help you when you much when you are into short term trade. You need detailed real-time data from the market and analyze them accurately enough to allow you to set-up the appropriate trade parameters. Forex calculators and oscillators with their ability to break down movements in minute details and present them in easily understandable charts and graphs provide you precisely what you need for short term trades and even long term trades.

There are probably hundreds of these tools for identifying forex trends and short-time currency price movements. They provide data on the opening, high, lows and closing prices of currencies which with the use of formulas facilitate calculation of the most likely direction you chosen pair will take. One forex calculator many veteran traders prefer is the pivot point. This method uses the historical fluctuations of the prices of your chosen currency trading pairs from one period to another to detect patterns or forex tends from which you can base your succeeding trades.

Another forex calculator worthy of your attention is the Fibonacci Retracements. Based on the theories of an Italian mathematician named Leonardo Fibonacci, this calculator is particularly helpful in determining where you chosen pair will go at the end of a major forex trend. Like the pivot point, it will give you data relevant to identifying practical trade entries and exits.

Most forex trading platforms provided by forex brokers that are downloadable from the internet have one of two forex calculators built-in into their systems. Some of these platforms can be reconfigured to accommodate the calculators which you like or you wan to get familiar with. Bets of all, these platforms have simulated trades which you can use to find out which calculator or calculators works best for developing forex strategies and setting up profitable trades.

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Forex Calculator

Trading the Square of Nine With a Calculator and a Pencil

We use the square of odd and even numbers to get not only the proof of market movements, but the cause.” W.D. Gann.

The purpose of this work is to explain concisely and in detail simple mathematical and graphical techniques for applying WD Gann’s Square of Nine to real world stock, stock option, and forex trading situations. The Square of Nine is not your usual method of technical analysis. It’s like nothing you’ve ever seen. A completely unrelated technique that either confirms or contradicts your usual methods can be invaluable when making decisions. The Square of Nine is not the magic bullet, although it can seem like it at times. It is about as objective as it gets. Either price and time square or they don’t.

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