How would you feel when you have worked hard to develop a strategy, paid a programmer some good money to code the strategy into a robot or trading algorithm software, then put it up for sale hoping to make some good money from it, only for you to see the same product you toiled so […]
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The FX markets were relatively calm during the previous five sessions, as the markets are essentially focusing on one thing: The Federal Reserve’s next move. The markets have recently priced in the idea of a taper off (gradual withdrawal) of the quantitative easing program in September, but since then we have seen a couple of […]
Read Some MoreThe attraction of forex and other financial derivative instruments is that a trader can use leverage, and the level of leverage that can be used in forex is higher than in the stock market. Leverage allows a trader to use a small amount of money to trade the markets, as the brokers will usually supply […]
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The past week handed us a bit of surprise when the Federal Reserve released its minutes from the last meeting. It suggested that several of the members on the committee were concerned about unemployment numbers in the United States, and that perhaps waiting until they came down to taper off quantitative easing was the correct […]
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The rectangle pattern is another chart pattern that traders should watch out for. This pattern is a continuation chart pattern that appears as a period of consolidation in the middle of a trend, with the asset resuming its move in the direction of the previous trend post-consolidation. Two trend lines can be drawn to connect […]
Read Some MoreThe Forex markets continued with in the same vein over the last several weeks in these past five sessions. Namely, the US Dollar continues to show massive amounts of strength, and is breaking out against again, the Canadian dollar, the British pound, the Australian dollar, and many other currencies globally. This would’ve been pushed into […]
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ECN stands for Electronic Communication Network, and is a system of dealing in the forex market where brokers obtain prices from several liquidity providers. This price data (market data) is provided to traders without any interference, while forwarding all orders placed by buyers and sellers to the liquidity providers for execution. Under the ECN arrangement, […]
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Now you see it. Now you don’t. This past week the markets saw a lot of back and forth movement, finally making its mind up and handing us a continuation of the weakness in the XXX/JPY pairs across the board. Many of the weekly charts look very negative for the Yen, which of course will […]
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Rounding tops and bottoms are yet another set of chart patterns less popular but effective at sucking profits from the Forex market if used correctly. They are both reversal patterns that signify the end of a trend and the beginning of a new one. Rounding bottoms are formed when an arc is traced round the […]
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During the previous week in the Forex markets, we received quite a jolt from the Federal Reserve as they stated on Wednesday that the central bank would be pulling back from buying bonds as early as the fourth quarter this year, and if current projections continue with the United States and its economy, could be […]
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