Best of 2009: A Look Back, With Purpose Moving Forward
I am a man of vision, I like looking forward and moving forward towards our purpose, which is to help traders make money. However it is important to look back and evaluate what has taken place. We do this to find what works and what doesn’t.
Note To Traders: Take Advantage of Down Time
Take advantage of “down-time”. There is not much going on right now. We are in a low liquidity period, wedged between 2 holidays here in the US, we are in the “doldrums” time frame, just like the stock market between 12-2 pm. Why not take advantage of rest, reading a good trading book, sharpening your computer up
Using Forex Trading To Provide You With A Second Income
Many people look upon forex trading as a means of generating some serious money. However it should also be pointed out that you can also trade the various currency pairs as a means of generating a second income for you and your family.
Holiday Report From Winners Edge Trading
To all of my friends and readers of Winners Edge Trading we wish you a happy holiday season and hope that you all enjoy the time to spend with family and friends. We will not be posting until this weekend as we are going to be spending time with our families as well.
Eur/Usd: Advanced Daily Analysis
Yesterday I posted an outlook on the Eur/Usd, today I want to go a bit more in depth with the pair by looking at the daily charts.
The first thing I noticed when looking long term is the Fibonacci retracement level all the way from the beginning of this up move back when the price was 1.2464 that the .382 level is around 1.4119 area. We are getting near that level now so that could be a major area of support that the Dollar must contend with for this bullish move.
Eur/Usd: Dollar Is On A Roll
The Dollar has not slowed down in its climb verses the Euro this week. This week’s trading is moving right at a pace for moving back to the 1.4000 level. The only problem with that is that there has been no retracement on this current down move. Nothing can go straight down forever so we should get a pull back soon.
Is Trading OK With God? Is It Biblical?
This is a good question that perhaps some wrestle with or have questions about. Lets examine this closely from a Biblical perspective. Our first and last stop will be…The Bible (all quotations are from the authorized King James version of the Holy Bible). There is nothing like the Scriptures to clear up our understanding.
Five Beginners Lessons in Forex Trading
I’m a day trader. Or rather I aspire to be a day trader. Every day I trade the foreign exchange (forex) market, but, until recently, I haven’t had much success. Then I met some folks on Twitter who made all the difference for me.
Will Dollar Strength Continue?
The Dollar has made some nice gains over the last two weeks but the question is will it continue or is this just a short term pull back?
Eur/Usd: Weekly Review and Report
The Eur/Usd closed the week down and closed below some strong support levels as well. Because the pair has had such a strong move to the downside I would expect the pair to have a pull back or consolidation period before testing support levels and moving lower. On the pull back I would look for the pair to rise to levels of around 1.4760 because that is where the current resistance level is. There is also a fibonacci retracement level on this current move that will act as resistance in that area.
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