User:Scarlettjenkins

WELCOME
Welcome to my page at wikipedia. My names is Scarlett Jenkins, i am from Switzerland. I am excited to have my own page. I love economics, finance, and occasionally accounting.

Forex
Forex, short for Foreign Exchange, is becoming the most popular Financial market in the world.

Advantages of Forex
--Scarlettjenkins (talk) 07:27, 19 December 2011 (UTC)No commissions
 * 1) No middlemen
 * 2) No fixed lot size
 * 3) Low transaction costs
 * 4) A 24-hour market
 * 5) No one can corner the market
 * 6) Leverage
 * 7) High Liquidity
 * 8) Low Barriers to Entry

Forex Indicators
Forex indicators are derived into two catogories, leading indicators and lagging indicators.

Leading indicators
A leading indicator gives a signal before the new trend starts. Basically leading indicators are oscillators. Forex traders can read signs of a forming trend.

Typical Forex indicators include
Stochastic

Stochastic is a technical analysis tool, banded between two extreme values and built with the results from a trend indicator for discovering short-term overbought or oversold conditions. Stochastic is a good leading indicator for forex traders to follow

Lagging indicators
Lagging indicators are like momentum indicators. Typically if you enter the market based on the momentum indicators. A lagging indicator gives a signal after the trend in the forex market has started. It’s basically telling forex traders they already miss the excellent opportunities into the market. However, momentum can last, which means that entering the market even after the trend has started, traders still have a chance of entering the market. Moreover, combined with leading indicator, lagging indicators can be helpful to traders.

MACD
MACD is short for moving average convergence divergence; it is used to indicate changes in direction and strength of a trend in forex rate. It has three parts in this indicator and each has its own way of calculation. Basically MACD is composed of a fast EMA(exponential moving average), a 12 day moving average, and a slow EMA which is a 26 day moving average, and the 9 day moving average of difference between the fast EMA and the slow EMA.