December 2020

Choosing an Experienced Forex Broker in Five Professional Steps

Trading what you see on your FX charts not what you think is highly relevant right now

Many cliches and phrases have developed in the retail FX trading community, and several stand up to the test of time. Some of the more poignant expressions you’ll see stamped on trading t-shirts as well as our consciousness, yes, some websites do sell these t-shirts. “The trend is your friend until it bends at the […]

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Goldman Sachs’ analyst predicts a further 6% fall for USD during 2021

During recent FXCC market commentaries and updates, we’ve discussed the significant collapse USD has experienced versus its peers. In recent weeks EUR/USD has reach highs not seen since May 2018, while in a correlated sell-off USD/CHF has slumped to levels last witnessed in January 2015. The fall in USD/CHF shouldn’t be overlooked or dismissed. We’re

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WEEKLY MARKET SNAPSHOT 7/12 – 11/12| THE COLLAPSE OF USD DURING THE PANDEMIC IS A STORY THAT NEEDS MORE EXPOSURE

Several factors dominated the trading week ending December 4. Covid and the optimism of vaccines, Brexit, the dying embers of the Trump administration, and stimulus discussions by central banks and governments. These are ongoing macroeconomic issues that will most likely dictate the trends and patterns we see on our FX charts and timeframes over the

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US equity indices trade near record highs as dollar slump continues

The US equity index the SPX 500 reached a record high of 3,678 before giving back some gains during Thursday’s trading sessions. The prediction of more Fed monetary stimulus, combined with optimism improving over the imminent Democratic administration under Biden, has encouraged risk-on sentiment to gain traction. Weekly jobless numbers beating expectations; by coming in

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Which are the Best Technical Indicators for Day Trading Stocks?

What is technical analysis, and why should you use it when trading FX?

In forex trading, technical analysis is a method of research-analysis, to predict the direction of the price through the study of past market data; mainly price and volume. The efficient-market hypothesis dismisses the efficacy and efficiency of technical analysis. The thesis proposes that markets are random and highly unpredictable; therefore, it’s impossible to apply technical

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Automated Crypto Trading: Advantages and Disadvantages to Know

As the price of BTC (Bitcoin) reaches record highs, analysts consider where it’s heading next?

“This time it’s different” is a phrase many analysts and traders use when they’re discussing market movements. Many of us watched BTC print record highs back in October 2017 and scratched our collective heads as to the reasons why. The hysteria was evident at the time; message boards, forums and your e-mail boxes were littered

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Unlock the Full Potential of MT4 with ChatGPT Assistance

Why independent trading platforms like MT4 are the go-to choice of many traders

One of the first challenges novice traders face is a significant decision; “what trading platform should I choose?” This decision can alter the course of your trading and can determine many outcomes. It can also colour and prejudice your initial experience of trading. Get it wrong, and your enthusiasm will die. Get it right, and

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ECB to Begin Aggressive Tightening, Favoring Euro Bulls

Euro makes gains as covid vaccine progress improves sentiment across the continent

The euro recorded steady gains versus the majority of its peers during Wednesday’s trading sessions after the U.K. govt announced it would be the first European nation to distribute the Pfizer Covid vaccine to a selected cohort of its most at-risk population. Germany, France and other leading E.U. countries announced they would carefully monitor the

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What is ECN trading, and why is it the access to FX many traders insist on using?

Our world of forex trading is full of anacronyms, initials, jargon and slang. Understanding many of the concepts behind the terminology is essential wherever you are on your trader development path. ECN trading began pre-internet, in 1990 in the USA. But it wasn’t until retail FX trading became mainstream at the turn of the century

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GBP/USD reaches a thirty-month high after Irish P.M. makes a positive outcome on the Brexit negotiations.

GBP currency pairs initially traded in tight ranges during Tuesday’s early trading sessions as investors and traders begin to position themselves with the Brexit deadline in sight. The UK will exit the EU on December 31st. Many analysts are either pricing in the adjustment versus the euro and US dollar or expecting the last gasp

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