Trend trading is one of the easiest and recommended form of trading for beginners in the forex market. But there is a certain situation when the trend starts to change its course. This is when most traders feel panicked. To avoid this scenario, you need to determine the trend reversal. A reversal is a time […]
How to determine a trend reversal? Read More »
There are many reasons we enter retail trading and there are certain constants, that run through our decision making process eventually leading us into trading as a potential livelihood or hobby. Perhaps the single biggest reason we enter retail trading is to be independent and eventually wealthy and let’s be honest we all indulge in
Can you actually live off trading FX? When reality bites and hurts… Read More »
As many traders begin to adapt to their potential new trading career they’ll encounter many hurdles on their journey towards “trader enlightenment”. Many of the hurdles they face are placed there by themselves; greed and fear being the two most obvious. But there’s a list of other obstacles new traders will face and need to
What aspects of trading do we find the hardest and why? Read More »
As the SPX reaches record highs the NFP numbers disappoint, but the dollar remains bought. As if proof were needed that the Fed’s continual commitment to monetary easing is fueling the rise in the main equities indices of the SPX, the DJIA and the NASDAQ, it came in the form of several disappointing news events
Trend prediction for the week beginning July 3rd 2013 Read More »
In our weekly trends newsletter, “Is the trend still your friend” we advised that all traders long cable, who prefer technical analysis to make their trading decisions, should wait for a signal to confirm that the trend, which had began from July 10th, had finally broken down… On the daily chart Cable had failed to
Cable trend broken this week as yen shows major gains Read More »
The Eurozone manufacturing sector returns to growth as the UK’s manufacturing rises sharply In our Between The Lines section we’d mentioned the importance of the publication of the PMIs relating to: the UK, individual European countries, the Eurozone, Asia and the USA. These data prints, published courtesy of Markit Economics, are published monthly and can
Mind The Gap; mid morning London session update prior to the New York opening bell Read More »
All eyes on the FOMC statement later today Many investors and traders will be keeping a ‘weather-eye’ on the FOMC meeting statement to be delivered by Ben Bernanke, he’s due to begin his narrative at 2:00 PM USA time. Typically analysts and commentators will be looking for nuances and code in the language to determine
Mind The Gap; mid morning London session update pre New York’s open Read More »
UK GDP rises to 0.6% with service industries making the greatest contribution The rise in UK GDP to 0.6% was in line with the majority of economists’ predictions when polled on the subject. However, the most dynamic number in the data came in the ‘swing’ – UK GDP is currently 1.4% higher versus this time
Mind The Gap; London Trading Session Update Before New York Session Opens Read More »
As Asian Markets Hit A Six Week High France Declares Its Recession Over… Bullish talk regarding the Chinese economy from the Chinese premier Li Keqiang and similar overtones from the Japanese government after Sunday’s election result, caused a share rally in the Asian-Pacific markets in the overnight/early morning trading session. Li Kegiang allayed fears that
Mind The Gap; Mid Morning London Session Update Pre The New York Bell Read More »
IMF approves €657 million bailout tranche for Portugal The International Monetary Fund (IMF) approved the seventh tranche of Portugal’s bailout Wednesday and gave the country more time to meet its budget-cutting goals. The IMF will disburse the next tranche worth €657 million after the successful review of a bailout program that started in 2011. Meanwhile,
Forex Technical & Market Analysis: June 13 2013 Read More »
