The Forex markets had a few interesting turns this past week, and without a doubt the most important one would have been the EUR/USD closing above the 1.35 level. This confirmed a suspicion of ours about an inverted head and shoulders pattern with the neckline being at the 1.35 level. Because of this, the EUR/USD […]
Read Some MoreMobile trading with smartphones is really picking up pace as traders discover the unlimited possibilities that come with the use of these phones in trading activity. With these phones, a trader can now open a trade position in the bathroom, monitor it while on the train to work, and close the position in the restaurant. […]
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For most of you, the idea that the Forex markets weren’t always chaotic is probably far fetched. However, I can assure you that it wasn’t always like it is currently, and as a result a lot of good traders have been blown out over the last couple of years. However, there is good news on […]
Read Some MoreWelcome to 2013! What better way can we start the year than to give you a heads-up on some of the forex trading contests that you can participate in and get some money to get your forex trading campaign going. Many brokers throw up forex trading contests from time to time in order to increase […]
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The past week in Forex was an interesting one, featuring a lot of moving parts as usual. The Japanese Yen continued to get pummeled, and the Pound joined the ranks of walking dead towards the end of the week. In fact, the GBP/USD pair is looking very interesting after a serious fall on Friday, as […]
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This strategy was devised by [highlighter color=”yellow-mute” ]Trader Jay[/highlighter] as a way of helping traders overcome a major obstacle encountered when trying to catch the right moment to enter a trade on an asset that is undergoing a pullback or retracement. Retracements are an integral part of trading the Forex markets. Prices do not move in a straight line, […]
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During the past week, we have seen quite a bit of movement in the Forex market. The most obvious place to start is in the Euro, as the EUR/USD pair has absolutely taken off like it had been sitting on a launch pad at Cape Canaveral. The move was predicated mainly upon what the European […]
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The carry trade strategy involves profiting from interest rate differentials in addition to earning from the Forex trade itself. The carry trade strategy aims to make money from the differences in interest rates by taking a long position on a high interest currency while simultaneously selling a low interest currency. Overnight positions on such currency pairs that […]
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Over the course of the last five sessions we have seen quite a bit of action in the FX markets. However, it should be kept in mind that the first week of January is still a relatively light week as far as volume is concerned. Additionally there is the fact that the Non-Farm Payroll numbers […]
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Recently, I was invited by a friend to help out the wife on a few matters in Forex After a short tutorial, we identified a trade opportunity and I asked her to open the trade order. What followed was a disaster. She ended up muddling the order and opened three positions on the same currency pair, […]
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