The amount of information available online about currency markets is nearly infinite. Parsing through this data to make intelligence decisions about when,what, and how much to trade can quickly become overwhelming. Profitable traders handle this information and make intelligent decisions by creating a trading plan that sets up a blue print of your goals and the tools you will use to reach those goals. Read more »
Eur/Usd: Bounced Back In A Big Way
The Eur/Usd made a major bounce today verses the lows that the pair established on Friday. The pair smashed through the major resistance level of 1.3700 to move all the way to 1.3772. The pair is now consolidating and has not retreated from the gains made today. The next major resistance hurdle for the Eur/Usd will be the 1.3800 area as that will be a psychological level to contend with. Read more »
Eur/Usd: February 14
The Eur/Usd has been continuing to reach new lows last week reaching a new low of 1.3531 on Friday. That will be the new support level that we will watch to see if the pair will reach new lows. Read more »
One Part Of Currency Trading For Newbies
There's a lot of facts that happen to be imperative that you know that a write-up this size can't even start to touch currency trading for newbies adequately. Read more »
Forex Weekly Video Analysis
This is a video analysis that covers the most of the major currency pairs. This is a general analysis that gives traders a great starting point in planning their trading strategies for the upcoming week. This video is a representation of technical analysis and has no information regarding forex news or fundamental data. Read more »
Forex Trading Basics
Before you trade, have you made sure that you are not just making an emotional decision? When traders are running a business trading stocks, futures, options, or currencies they should know specific information. Trading is a business that requires planning and preparation. Trading is not gambling, unless you are just making decisions blindly without a plan. Every time you trade you should already know your target price, the risk level, and the strategy you are using. This article explains in detail three keys that, ultimately, are the difference between success and complete failure. Read more »
Some Important Forex Reversal Patterns
Here are descriptions of a number of important reversal patterns which should help you detect them better as well as improving your trading results. Read more »
Eur/Usd: Bounced Back Off Lows
The Eur/Usd has bounced off of the lows on and has been up for two days in a row. The pull back stopped at the 23% retracement level and then bounced back down. A 23% retracement is not a strong retracement and we could still see this pair move to the 50% level in the next day or so which is near 1.4100. There will be strong resistance at the 1.4000 level if the pair continues to that level. Read more »
Eur/Usd Weekly Review: Can You Get The Big Score?
The Dollar is on a roll and nothing can stop it! Can you believe that I actually said that this pair may stall a bit or consolidate? I was sure wrong on that one :) So I give up I am jumping on the Dollar train I am going to short the Dollar and I am going to put all the money I have on it so that I can retire next week. Read more »
Please Use A Stop Loss
Today was a news day for trading the currency market. Many pairs dropped dramatically during this mornings New York session. The Asian session was wild as well, with wide, long and quick price swings. My point is this on a wild day like today you can get killed and put out of the market unless you practice discipline and use proper stop losses. Read more »