Ahh, the good ‘old Japanese candlesticks. They are the most popular form of charting. Invented in the 17th century by the Japanese rice merchant Munehisa Homma to conveniently display the beginning (opening price), and the end of the price (closing price) for a certain time period. The technique of presenting the price in the form […]
How Does Japanese Candlesticks Work in Forex? Read More »
How personality traits effect trader performance has been a longstanding discussion point within the trading community, since the birth of the industry. Moreover, because certain personality traits can evolve and develop as we mature, the traits we require in order to become successful traders may require attention and modification as we recognize their impact during
What are the personality traits of successful Forex traders? Read More »
Lighting up our trading charts with a multitude of indicators and information, to resemble the Xmas tree most of us have been busy taking down to put back in its box until next year, or recycle, is a natural trading phenomena. It’s a rights of passage that we all have to experience. Only the truly
The power and simplicity of using moving averages for trading Forex Read More »
Chasing the elusive holy grail of trading is a thankless task. It doesn’t take too much time for novice traders to discover that there is no magic elixir, there’s no bullet proof trading strategy that delivers a 100% success rate. However, novice traders who are quick on the update, will quickly realize that there are
Discovering the critical success factors needed when trading Forex Read More »
Forex is one of the most volatile markets today, but that doesn’t mean that the system is completely unpredictable. In fact, Forex traders make good use of indicators, providing them with near-accurate guidelines on how to proceed with each trade in order to make a profit. Following are just some of the top indicators being
Top Forex Indicators and What They Mean Read More »
During the early hours trading sessions, Japan’s yen rose versus the majority of its peers as the latest current account balance figures rose, the latest trade balance reading fell, whilst consumer confidence and the Eco Watchers survey readings, also fell in March. Overall, the cumulative data proved to be bullish for yen, whilst the Aussie
The economic calendar week begins on Monday with the latest data from Germany covering: export, imports, the current account and trade balance. The latest export and import data will be closely monitored due to Germany’s latest disappointing economic data, for example; factory orders, falling by circa -8.3% year on year, suggesting that Europe’s engine of
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the 20k rise in NFP jobs created in February.
The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in EUR/USD was marginal; at 21:50pm U.K. time, the most traded, major currency
At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased concentration, based on the fact that the February number came
