Checking other strategists opinions is sometimes helpful, the FOREX market is very…..
The US Dollar may be preparing to turn higher against the Chinese Yuan in offshore trade after putting in a bullish Morning Star candlestick pattern. The greenback has failed to build on the setup thus far however, with prices seemingly waiting for a further catalyst to gain traction.
If you are just starting out trading currencies, this book might be a start for your education….
In his book, “Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,” author Richard Weissman identifies three basic trader personality profiles: trend-following, mean-reversion, and day-trading types.
Are you new to currency trading? What are your thoughts in the present and the future of this FOREX market? Check out these thoughts….
My forex buddies have mixed views on market trends these days, with some arguing that prices are bottoming out and others insisting that the bounce is just a correction. As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at the “top” and going long at the “bottom.”
Watching the posts of other currency traders has always been beneficial by adding a nugget of good information….
In the short term the GBP has the potential to weaken further as the market reprices BOE expectations. Read through my GBP update bellow to familiarize with the latest changes.
A part of trading foreign currencies is figuring out when is the best time to enter a currency trade. Looking for good FOREX trading signals involves learning just what to look for….
In this article we will define what is a forex signal, and we will describe what types of signals are available to traders. We conducted a review of forex signal websites with web searches, and discovered various free signals and paid signals along with a wide price range. We will also provide examples of some profitable real time signals that we found.
Every little bit of information you can glean from the more experience Forex traders may help you to trade better. These tips on trending…..
To be successful at Forex trading you need to be able to identify a trend, and then work out from that information when is the best time to buy or sell. Most Forex traders spend their entire trading careers analysing the markets in an attempt to figure out when the perfect moment arrives. Unfortunately, understanding the psychology of the trading markets is not always so easy.