Support and Resistance – the two key words
To really understand the behavior of a currency on the Forex market it is important to see how it has behaved over a period of time. Taken over the course of a very short space of time, it is possible to make data mean just about anything. This, in turn, means that the data will be almost worthless. Over a longer period of time, however, patterns always seem to assert themselves, and establish a firm basis for predicting the future behavior of a currency price. Among the most important figures that appear in a pattern are the support and resistance ...
Analyzing the market to your advantage
It has been said by many experienced traders that Forex is a more volatile market than any of the available options. The theory goes that it is difficult enough to judge a single company’s value at a given time and in the future, just imagine how hard it is to do the same thing with a whole country. This philosophy takes the point of view that analyzing the Forex market relies on careful reading over a period of time. Some knowledge of world affairs is also advantageous, as it allows you to be aware in advance of the timing of ...
Forex for Beginners
Picking the right Forex broker for you
Playing the Forex market is something which more and more people are doing today,...
Forex trading – Do it your way!
There have been some extremely successful traders in the history of the various markets,...
Learn to play the market by playing a game
Forex is a complicated system which still often confounds people with years of trading...
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Where do you get your Forex data?
The systems of compilation for Forex data vary a great deal. There are as many different...
How does technical analysis work?
Technical analysis of currency movements is now, more than ever, part of the Forex...
Fundamental Analysis of the Forex Market
It is broadly accepted that there are two ways to analyze the Forex market. These...
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Dollar Tumbles Into Weekend A Sign of Whats to Come Monday?
Having worked so hard to finally overtake resistance that had capped bullish ambitions for an entire month, you’d think the dollar would have won some respite from the sentiment-based headwinds. Read More →
Japanese Yen at the Heart of QE3 Debate, US Data and Bernanke in Focus
The Japanese Yen remains firmly anchored to US Treasury yields, with both the benchmark USDJPY exchange rate and the broader Dow Jones FXCM Yen Index – an average of the currency’s value against its top counterparts – showing strong correlations with the return on the 10-year note Read More →
Forex Trading Weekly Forecast – 07.16.2012
The US Dollar traded lower into the week’s close, but the earlier USD breakout warns that further financial market tensions could produce material Greenback strength into the week ahead. Read More →
Euro at Historical Midpoint Needs Collapse in Risk Appetite to Proceed
There is no shortage of fundamental justification for the Euro to extend its painful collapse, but history has taught us that the market will decide what is important and what isn’t. This past week, EURUSD slumped to its lowest level in two years – a region that notably aligns to the midpoint of the pair’s historical range (roughly... [Read more of this article]
Canadian Dollar Outlook Hinges On BoC Rate Decision, Policy Report
The Canadian dollar gained ground against its U.S. counterpart amid the rebound in risk sentiment, but the loonie may struggle to hold its ground next week should the Bank of Canada strike a cautious outlook for the region. Read More →
Gold Range at Risk Amid Bernanke Testimony, Feds Beige Book
Gold is modestly firmer at the close of trade this week with the precious metal advancing 0.59% by the close of trade on Friday. Prices have largely remained within a well-defined range for nearly nine weeks now as market participants attempt to gauge future monetary policy from global central banks with gold seemingly tracking broader risk assets since... [Read more of this article]
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