Forex Trading Glossary A-B ABC Wave A term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price...
How to Use Heikin Ashi Charts The prime concept behind the Heikin Ashi chart is that it is intended to filter out market noise. When you look at this chart, you ought to be able to get...
Newsquawk.com Week Ahead 7th-12th July: Economic Data Calendar SUN: French Election (second round) MON: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May), German Trade Data (May), EZ Sentix Index (July), BoI Announcement,...
The Basics of Fundamental Analysis in Forex Trading What is Fundamental Analysis? It is time to explore what it really means to look at fundamental analysis and how it works in the Forex markets. Many people claim...
Intervention in the currency markets, unless it is coordinated with other central banks and/or is accompanied by other policy moves, such as a change in interest rates and/or is on a massive scale, can have a limited...
Coming off one of the slowest European US sessions that I can recall, feeling like a summer Friday, it got me thinking about one of my trading tips. I call it Complacency Can Be a Trader’s Worst...
Trader Alert The forex trading landscape is littered with losses and blown accounts by those who counted on central bank support for their positions. While betting on central bank intervention may work at times, when it doesn’t...
I received the following question from a trader sitting with an underwater position. I am long USDJPY above 155 and need some guidance. Could you give me some advice on whether to hold on or hedge it....
What I have always loved about our Forex Forum is you never know when someone will post something that catches your attention, especially when it proves to be on target. In this regard, I am just the...