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History of Forex August 15, 1971, US President Richard Nixon announced the decision to cancel the free convertibility of the dollar into gold (abandoned the gold standard...
The Canadian dollar has advanced against the US dollar for three days in a row now as a strong finish to the North American trading session saw the CAD find favour once more...
Introduction Trading in financial markets is mainly a mental activity that requires many qualities like independence of mind, patience, perseverance, absence of ego… Every newcomer should make a diagnosis to define his personal qualities and identify the areas that need improvement in order to ex...
INTRODUCTION What is a fools game? – Trying to Catch A Falling Knife. Knife cuts people and that is where this phrase came about in Forex trading. It is the act of trying to predict where the price of a currency pair will stop falling...
This is a very touchy subject for many traders, why people go into the currency markets – is to make money. If this business that does not yield positive returns is generally something people do not wish to come back in this work...
First, a few words about the forecast for the previous week: ■ if we talk about the forecast for EUR/USD, those 35% of analysts and graphical analysis on H1 and H4, who predicted the pair fall in the last five days, turned out to be right...
Risk sentiment improved this week, irrespective of weaker Chinese trade data keeping fears over the need of a further CNY depreciation intact...
Unless Cameron heard what he wanted to hear, as we detailed earlier, he would not have campaigned for the UK to remain in the bloc ahead of an expected referendum on membership in June.... which would likely have rocked the EU once again...
1. How Durable Is Manufacturing? The manufacturing sector has been buffeted by global forces. New orders for durable goods–products like trucks and turbines designed to last at least three years–fell 5% in December and were down four of the past five months...
I walk up this morning with a new trading I idea in my mind so I hurried to my PC and examined it. Here is what I got: Blue line is my equity curve which is not stable enough. Profit Factor is 1.49 which explain the unstable equity curve...
AUDUSD - another PinBar formed The AUDUSD rejecting lower so far last week and for another pinbar formed, We retain a bullish on this pair and our possible target at key resistance level 0.73600. Goodluck and Happy Trading...
Introduction: Interest Rate is among the most important fundamental data that impacts the currency of a country. It’s of vital importance for any trader to keep a watch on this important data for his or her trading activities. A change in Interest Rate viz...
Simplest idea ever One of the simplest ideas in investing is buy and hold strategy. This type of strategy is most frequent type of investing because most of the mutual funds are offering their products and services without any active management. Underlying assets are commonly stocks and bonds...
Introduction Great magicians and illusionists like David Copperfield and Harry Houdini performed the vanishing act on stage with sheer perfection, mesmerising their audience for decades...
Has oil again called the direction on market sentiment...
EUR/USD Holds Above 1.1060 Talking Points -Volume contracted on the breakout and subsequent pull back (mixed signal) -Sentiment shifts towards more buyers and less sellers (bearish shift in signal) -1.0980 is an immediate key level to the bullish Elliott Wave pattern...
The euro has performed very well since the turn of the year, benefiting greatly from a risk averse market that has sparked an unwinding of the carry trade that we often see in a “risk on” environment. The single currency has performed very well against the US dollar, rallying as high as 1...
Taking good trading ideas and making them great systems is the path to success Trading Ideas don't have to be new and unique in order to make you a lot of money. They just have to be better...
The UK's attempts to reach a deal with partners in the EU on how to reform its role inside the regional bloc were dragging into the afternoon on Friday, with key differences remaining on the areas of restricting welfare benefits and regulating the financial sector in London...
I believe that the key to successful trading is to feel comfortable in taking the loss. We know that because the markets are largely efficient, complete predictability will never be achieved...
