Sterling rose during Wednesday’s trading sessions as the UK parliament voted the Brexit agreement into law the day before the UK officially ends the transition trading period, which has insulated the UK from economic damage throughout 2020. From January 1 the UK will no longer be in the customs union and single market. The only […]
GBP USD prints thirty-one month high as DJIA closes at a record high Read More »
After the Xmas break, several market indices printed record highs before retreating in the first full day of financial trading after the Xmas break. The UK FTSE 100 was closed other than for futures trading on Monday, and investors made up the lost ground on Tuesday pushing the index to a nine-month high shortly after
To make a profit when trading FX, you need to identify the times when the price of a security is moving and then successfully buy or sell the moves. When we boil the FX trading process down to its simplest form, that’s what we’re searching for on our charts. Is price rising or falling? Can
What is forex price action? Read More »
The German DAX 30 index printed a record high during Monday’s trading sessions due to the Brexit deal getting ratified by the EU council members. The index closed 1.46% up at 1,375 and is up 2.96% year-to-date. In contrast, the UK FTSE 100 is down -14.50% year-to-date, despite enjoying a small relief rally during Monday’s
Forex traders begin searching for a consistent trading method and strategy from the moment they discover online trading. This search will usually have different phases as the novice FX trader becomes aware of both the possible and the impossible. At first, the novice or inexperienced trader is looking for a 100% winning, unbreakable trading system.
What is a forex trading edge, and how can you develop one? Read More »
Because Boxing day fell on a Saturday, many countries are classing Monday 28 as a bank holiday; therefore, several trading markets will be closed. The equity markets in the UK, Canada, New Zealand and Australia will be closed. Markets in Germany, Italy and Japan will close on the last day of the year, while in
What are candlesticks on your chart? They’re simply an illustration of price movement. They’re not a language, and they’re not a code you have to decipher. They’re a representation of price, and there are many other tools you can use to illustrate where the price of a security like a forex currency pair is headed
Are candlestick FX trading methods overrated? Read More »
GBP pairs rose sharply during the New York trading session after rumours emerged that the UK and EU negotiating teams had finally (after 9 months) reached a compromise in their Brexit discussions. Analysts and traders are waiting for further detail of the 2,000-page agreement-document before confirming there’s a final deal to be signed preventing the
Sterling rises due to rumours of a Brexit agreement; US equity markets keep gains Read More »
Forex traders are a curious bunch, and their intellectual curiosity extends to experimentation with just about every technical indicator created. The journey many FX traders go on to try and discover a magic combination of indicators that will unlock rewards and riches often gets called the “search for the Holy Grail”. It’s a reference to
Trading forex using one technical indicator Read More »
Despite market optimism that the Pandemic Relief Bill was finally inching closer to becoming law, the leading US equity markets struggled to maintain the bullish momentum built up over recent weeks. Although the NASDAQ 100 printed a new record high during the New York session, the DJIA 30 traded down -0.67% and the SPX 500
