Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
We love to experiment as traders, if we didn’t have that capacity for intellectual curiosity and experimentation, then it’s highly unlikely we’d discover markets to invest in, or trade forex. Naturally, as part of our voyage of discovery, we begin to play around with all the component parts that make up what we’d describe as […]
The Heikin Ashi candlestick and its purpose in Forex trading Read More »
Trading is a cerebral profession, it’s neither a team, or an individual player sport. However, analysts, traders and market commentators often use sporting analogies to make our points. We’ll talk about having “the guts to get up off the floor”, as if losing a series of trades is similar to a concussed boxer trying to
Visualising Success as a Forex Trader Read More »
This misinterpretation in forex trading; the amount of futile effort and energy that’s been expended, the hundreds of thousands of hours spent, trying to discover the elusive holy grail of trading, is a sobering thought. The wasted time and effort that’s been consumed, is made even worse by the realisation that no such perfect 100%
Misinterpretation in Forex Trading and how to limit your Risk Read More »
Apophenia is regarded as our universal human tendency to seek patterns in random information. In short; we appear to have a predisposition to identify patterns that don’t exist. Naturally the connection between this tendency and forex trading is obvious and the patterns may be graphical, they may be numerical, or a combination of both. In
Patterns in Forex Trading Read More »
Despite the UK service sector survey hitting pre-recession highs it’s far too early to celebrate… We’re big fans of Markit Economics, however, we’re just a little concerned that the mainstream financial press are becoming a little over excited with each publication that Markit publishes. The key issue is that these diffusion surveys are just that
Between The Lines; morning roll call 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
Is the trend still your friend? Trend prediction for the week beginning July 3rd 2013 Read More »
Many of us technical analysts have lamented the passing of the 'risk on-risk off' paradigm that enveloped the market over recent years. If risk was on; by definition the investment community were bullish in their market sentiment, then indices rose as money flew out of safer haven currencies such as the reserve currency of the
Has gold lost its recent bullish glitter? Read More »
Fed to keep the $85 billion monthly monetary stimulus active whilst USA GDP rises by 1.7% As we mentioned in our Mind The Gap section and yesterday's Between The Lines section, all eyes were on the Fed Chairman Ben Bernanke as he conducted his FOMC statement. Did he disappoint? Well if you were looking for
Between The Lines; morning roll call Read More »
If last week's high impact news events centered around the publication of the Markit Economics PMIs for services, then this week's fundamental high impact news is heavily geared towards the publication of Markit's manufacturing PMIs due on Thursday. Market analysts and commentators will be looking for any evidence (from those businesses polled) that the bedrock
Dare we dream that Europe may be exiting recession? In our Between The Lines article of this morning we emphasised the importance of paying close attention to the Markit Economics PMI data prints and how they could influence market sentiment, particularly if many of the individual publications relating to European manufacturing and service industry
Mind The Gap; London Session Update Pre New York's Open Read More »
