Most of us will know the phrase by now; “the trend is you friend, until it bends at the end.” We’re constantly encouraged, via: forums, articles, ebooks and our trading contacts, to identify the trend in the market place and to act upon it; “don’t trade against the trend, try to avoid taking trades near […]
Understand trends in Forex Trading Read More »
It’s a busy week for high impact, economic calendar events, with the main focus on the USA. The week ends with the NFP data. A fall in the job creation numbers is expected, as the USA now begins to reach what’s being (theoretically) termed “full employment”; the unemployment rate fell back to its sixteen year
USA equities fell for the first time in three days as a consequence of Trump’s threat to shut down the USA govt if he doesn’t get funding to build his infamous “Mexico wall”. A domino effect then took shape, as analysts and investors quickly moved on to doubt his capacity to deal with the looming
Markets often rise before a scheduled meeting of the most powerful global banking individuals takes place. The G7 or G30 meetings and the world trade forums, often instil a sense of confidence in investors, a rational belief that the key movers and shakers have everything under control and that projection of competence goes a long
The UK’s asking house price index published by Rightmove, revealed that asking prices fell by -0.9% in August and by -2% in London. YoY nationally prices are still up 3.1%, a rise from the 2.8% recorded in July. In a relatively quiet day for economic calendar news, the only other key European data concerned Swiss
Last week’s news began with Trump dominating market movements, due to the political game of risk and the subsequent impasse with North Korea. As the temperature of the potential conflict was dialled down; from boiling point to simmer, the next self inflicted presidential crisis to effect the markets arrived in the form of clashes, between
You may be approaching your first year anniversary as a trader, you’ll have no doubt experienced many highs and lows, you’ll have lost money and gained money and you’ll have wasted time and spent many hours, days and at times weeks chasing down blind alleys. But you may be surprised at just how much you’ve
How much you can learn within the first year of trading can be quite surprising Read More »
It’s a very useful exercise to take some time out occasionally, in order to remember just how you badly you traded, when you first discovered Forex retail trading. Not only should it provide an indication of just how far you’ve travelled on your journey, how much your trading and self has developed over the years,
Novice Traders and retail Forex Read More »
The definition of the words and the concept of oversold and overbought, are straightforward to understand. A security, such as a Forex currency pair, is generally considered to have fallen into this category if certain indicators, for example; the RSI (relative strength index), has entered an oversold, or overbought area. This is generally indicated by
Oversold and overbought as the two essential observations for successful Forex trading Read More »
The best policy when advising clients on how to enjoy a successful part or full time trading career is by being honest. Facing up to the reality; that squeezing profit out of the forex market on a consistent basis, is a difficult proposition, is essential to our personal trader growth. Without being grounded and developing
The importance of developing realistic targets and proper mindset for forex Trading Read More »
