Market orders

•Market exution:This  is excuting the market either buy or sell at the current market price.

•Pending order: It is order you place outside the current price anticipating that price will get to certain level either buy or sell.

i.Buy stop:This is the pending order you place at a given price level above the current market price when the market is in a buy mode

ii.Sell stop:This the pending order you placed at a certain market level below the current price when the market is in a sell mode

Resistance and support lines

•Resistance line is an imaginary line that upward price action cannot penetrate.when a resistance line is broken, it turn to a support

•Support  line is an imaginary line which  downward price action cannot break through.When a support line is broken,it turns to a resistance line.

Market Analysis

•Fundamendal Analysis:This market analysis using economic indices such as Gdp,interest rate.inflation,unemployment nonfarm pay roll.These factors can affect the currencies either positively or negatively

•Technical analysis:This is analyzing market using Technical indicators.These indicators can point market strenght and weakness.They can be deployed effectively in entering and exiting trade eg moving averages,schostatic slow,RsI commodity channel index.bolligerband, etc.

•Fundamendal Analysis:This market analysis using economic indices such as Gdp,interest rate.inflation,unemployment nonfarm pay roll.These factors can affect the currencies either positively or negatively

•Technical analysis:This is analyzing market using Technical indicators.These indicators can point market strenght and weakness.They can be deployed effectively in entering and exiting trade eg moving averages,schostatic slow,RsI commodity channel index.bolligerband, etc.