Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
There are many self-fulfilling prophecies involved in trading, these phenomena are especially relevant to any forms of technical analysis. Traders have a tendency to over-complicate technical trading analysis, they also have a habit of joining up dots that are, for the most part, totally meaningless. Seeing patterns which are irrelevant, have no value and that […]
Why you should consider abandoning trend-line analysis Read More »
Ensure that you document the precise entry point for every trade you take. Record how close to the quote your trades are filled, whether or not you experience any slippage and how consistent the spreads are during various times of the session, or during times when high impact calendar data is published and when outlier
The observations novice forex traders should record for each and every trade Read More »
FX analysts and traders will scrutinise the latest Q2 annualised GDP data for the USA economy when it’s published at 13:30pm U.K. time on Friday afternoon. The expectation is for the figure for Q2 to come in at 1.8% falling from 3.2% in Q1. If the forecast is met equity markets in the USA and
The euro experienced whipsawing price-action versus its peers during the afternoon sessions as the ECB announced its rate setting decision and outlined a new direction in terms of forward guidance. Rather than announce an interest rate cut in the short-term, the ECB and the President Mario Draghi surprised FX analysts and analysts as they suggested
At 13:30pm U.K. time on Friday July 26th the latest annualised QoQ GDP figure for the USA economy will be published. The metric covers the time period up to the second quarter of 2019, Q2. The figure is not the estimate it’s the actual and final reading published by the BEA (Bureau of Economic Analysis),
Central bank’s’ decision making will continue to make headlines during Thursday’s trading sessions. Focus was on Australia’s central bank in the early hours and during the afternoon session market attention will shift to the Eurozone’s central bank, the ECB. Mr. Philip Lowe the Governor of the RBA, Australia’s central bank, announced in a speech in
There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the latest IHS Markit U.S. Manufacturing PMI came in at 50.0 for July 2019, the
After several decades of intense and heated discussion, the jury is still out and unable to reach a verdict in relation to the efficiency and effectiveness of technical analysis (TA). The opinions are generally binary and polar opposites; some FX analysts and traders swear by the proficiency of TA, others dismiss technical analysis as tea-leaf
Are all forms of technical analysis fallacies or do some stand up up scrutiny? Read More »
On Thursday July 25th at 12:45pm U.K. time the ECB will reveal its decision regarding the key interest rates for the single trading-bloc the Eurozone. After polling their panels of economists both the major news agencies, Reuters and Bloomberg, are of the opinion that there’ll be no change to the current lending rate of 0.00%
Equity markets in the Asia-Pacific region mostly closed up on Wednesday morning following the rises on Wall Street on Tuesday, due to reports that trade negotiations between Beijing and Washington will restart next week. Bloomberg reported on Tuesday that Trump’s U.S. representative Lighthizer is travelling to China on Monday July 29th for face-to-face trade talks
