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Forex Trading Strategy: London-New York Breakout
In today’s article, we will discuss a forex trading strategy that is quite simple to follow. In spite of it’s simplicity, it stands out as one of a few trading strategies that can deliver profits over the long term. In a nutshell, it is an intraday strategy which aims to pick a few pips with clear-cut […]
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3 Simple Ways To Identify Trending Markets – Part 1
One of the first pieces of advice given to novice traders is trade with the trend. The problem is most newcomers to forex can’t even tell where the trend is, so it is pointless to ask them to trade it. In this new series of articles we’ll look at 3 different ways to identify trending […]
Read Some MoreEUR/USD Falls 118 Pips On Renewed Fears And Levels to Watch Next Week October 1st 2012
The Euro fell 118 pips versus the dollar last week on renewed fears about Europe’s handling of the Debt Crisis. The week started with a slew of negative Spanish data, tax receipts through August fell by 4.6% but government spending rose by 8.9%. Spain had a budget deficit of 4.77% of GDP in this year’s […]
Read Some MoreLooking at Different Ways to Use a Moving Average in Your Trading – Part 2
In my last article I wrote about the different ways to use a moving average, click here to read more about it. This is part 2 of that series, focusing on another non-traditional use for the MA. Use Number 3 – Using Moving Averages as Support and Resistance Levels A popular use of Moving Averages […]
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Looking at Different Ways to Use a Moving Average in Your Trading – Part 1
Everyone interested in trading has probably used or at least tried a Moving Average at some point in their trading career. But most only apply the Moving Average (MA) in the conventional sense, as a trend trading tool. However the MA can be used in other ways too and we’ll look at the different ways […]
Read Some MoreUnderstanding Price Behaviour in the Forex Market – 1
This article is written to give retail traders who are new to the market an understanding of some of the issues involved in the pricing of currencies in the forex market. At the end of this article, you should be able to answer the following questions: a) How are price quotes on a forex trading […]
Read Some MoreUnderstanding Price Behavior in the Forex Market – 2
In the first part of this article, we answered two of the six questions presented around the pricing of currencies in the forex market. Now we know how the price quotes displayed on the forex trading platforms are derived. We have also been able to determine that the liquidity providers (banks) set prices in an […]
Read Some MoreTrading Price Channels
Price channels are chart patterns formed when the highs and lows of the candlesticks can be joined by an upper and lower trend line that are parallel to each other. They occur all the time in the market, but traders sometimes have trouble identifying them, which should really not be the case. There are three […]
Read Some MoreEUR/USD Gains +159 Pips Driven By ECB Rumors And Levels to Watch Next Week 27th August 2012
The EUR/USD keeps slowly edging up after making a swing low a month ago. The pair opened at 1.2351 and finished the week 159 pips higher, closing at 1.2510. The main movers for the Euro pairs this week have been a couple of rumors concerning the ECB. The German weekly Der Spiegel and U.K.’s Telegraph […]
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