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The Island pattern suggests a reversal of a current trend. The pattern has gaps on both sides, giving it the appearance of a divided region. That’s why it’s known as the Island. What is the Island Reversal pattern? The Island pattern can be seen on the chart because of its structure. Both sides of the […]

An outside bar is a reversal and continuation trading method in which the current candle, high and low, completely engulfs the preceding candle high and low. You can use this method to help you identify bullish and bearish reversal/continuation patterns. How can you identify the outside bar pattern? The bullish and bearish engulfing candlesticks are

Trading forex requires traders to take considerable steps to avoid margin calls. Consequently, understanding how margin calls originate is key to effective trading. Forex traders can leverage a little sum of money to establish positions hundreds of times greater than their account balance, allowing them to profit enormously. But, on the other hand, leverage is

The New Zealand dollar is in the spotlight when it begins trading in the Asia-Pacific region. Investors are on the rise as risky assets rise steadily. New Zealand’s trade surplus exceeded $ 261 million in June, up from $ 469 million the previous month. However, the decline was due to an excessive increase in imports

Wave analysis is based upon the Elliott Wave Principle which recognizes the underlying market psychology as the real driving force behind price movements. The Wave Principle is basically a graphical illustration of how the crowd vacillates from the extreme point of pessimism at the bottom of the chart to the extreme point of optimism at

A brief definition of what the COT report actually is, serves as a useful introduction to the mechanism behind the report. It also highlights how it can add value to FX traders’ methods and strategies, whatever their level of experience. The Commitments of Traders report is a weekly market report published by the Commodities Futures

At 8:30am U.K. time, on Wednesday May 22nd, Mario Draghi, the President of the ECB, will deliver a speech in Frankfurt. The event is listed as high impact on the economic calendar due to the range of issues Mr. Draghi could cover in his address. Subjects such as: Eurozone GDP growth, inflation, monetary policy stimulus

The Shanghai Composite and CSI indices closed up during Wednesday’s trading sessions, coming after the China-USA trade war and tariff rhetoric from America, was dialled down during Tuesday’s trading sessions. The Shanghai closed up 1.91% and the CSI up 2.25% as a consequence of the relief rally, despite certain trade metics for China missing forecasts.

Cyprus based FX broker FXCC, has recently been announced as the winner of an award, under the classification of; “best forex trading account”. Their specialist, premier account, termed their “XL account”, or ZERO fees account, offers their clients the opportunity of experiencing transparent, STP-ECN, trading facilities, whilst enjoying zero fees, on all the associated services.