All about the Forex Market, Trade Ideas and charts
Doing Market analysis every week is very important if you want to be successful in forex trading. Keeping an eye on news and events can help you take right step at the right time. Lets see what coming up this week. Global events are dominating movements in the money markets this week. But as the dust begins to settle in...
If you would like to get into investing in foreign exchange then you will need a forex broker, a broker will allow you to execute the trades that you will need to make in order to trade. The first place to start would be to google the top forex brokers, as the market has matured there’s a plethora of forex...
A career where you become your own boss, work when you like and make a good income all without leaving the house. Sounds good? Well, this is the dream of many online traders. Having ultimate flexibility given today’s job market is extremely appealing. But as you’ll see below there are drawbacks and there’s a lot to consider before making the...
So it happened, the most unlikely President in US history is on the verge of being inaugurated as US President. For investors surely the next question is what is the Donald Trump effect going to have on the US dollar? Well, initial signs in the business community at least are good. The Dow Jones has been on a stellar run...
So holiday season is finally here, you’ve bought all your presents and decorated the lounge, now to turn your mind to potential trading volatility during the Christmas break in Forex rates. Volatility during trading at Christmas can play havoc with your Forex trading, with banks being closed and people being off work, there is also plenty of outside interference taking...
Sometimes you get confused whether to place a limit order or a stop order in a certain position but believe me it’s not that difficult if you know the basics. BUY LIMIT vs BUY STOP: If you are expecting a reversal or a retracement then placing a limit order is the correct idea. This usually happens at support and resistance levels,...
AUDNZD is reaching the top of this channel I’ve drawn up. There was a lot of buying triggered on this pair on the weak numbers on the employment from the NZD side, although the unemployment numbers have improved. I have already shorted this pair at 1.10249 with a small position and am going to add to this position if it reaches for...
Just loaded up a new trade idea. I haven’t been posting much because really not seeing much follow through on anything almost in the market. The only good trades I’ve done in the past few days were with the kiwi (NZD dollar) on the short side. Other than that its just been a crazy month with a lot of choppy...
All ready to start trading? But wait how should I enter the market? What should I do? I’m assuming you’re all set up with your broker at this point and have your account loaded up and Metatrader installed on your system. Once you’re logged in, you’ll see a lot of possible options in there for you. Below you’ll see what...
There’s a reason not a lot of people can stomach trading currencies. There are things you should be aware of as well before you start your adventure as a Forex trader. These things I’ve learnt over time by making a lot of mistakes and losing real money making them, but those mistakes, those losses later taught me how to avoid being...
