Will EURUSD Make a Run at 1.10? I was sitting in front of my platform on Tuesday when I heard Newsquawk’s audio squawk that a major German bank forecast the EURUSD at 1.10. EURUSD, which was already...
What is spot gold? Online brokers have opened the market for gold traders, who have the ability to trade spot gold similar to the way forex is traded. This offers a way to speculate on the...
Forex Trading Glossary – S Saucer Pattern A chart formation that shows a gradual decline then a gradual rise in prices with the resultant effect of price taking a saucer-shaped pattern. (Is also known as a rounded...
Forex Trading Glossary – P Par The principal amount of an investment instrument (e.g. 100) or where price equals the original value. Parabolic Stop Wells Wilder introduced the Parabolic Indicator, whose shape resembles the curve...
Global Trading: It is The Reaction to News that Matters The old trading adage that says “the reaction to news is more important than the news itself” is even more relevant in today’s market as central banks...
Why is the EURUSD Referred to as the Anti-Dollar? One role of the EURO is to act as the anti-dollar. What I mean by this is whether it be USDJPY, GBPUSD, USDCAD and any of the 180 currencies...
PERFORMANCE Practice the philosophy of continuous improvement. Get a little better every day. Increase your performance. 05 SCHEDULE A REGULAR PERFORMANCE REVIEW Collecting data is all fine and good. But it’s only useful when studied. Regular...
The 3 Things You Need to Know to Trade Harmonic Price Patterns You probably want to know what you should do to trade harmonic price patterns if you should happen to come across some of these in...
The 10 Commandments of Trading Divergences Divergences are what traders use when they are trying to spot a trend that is getting weaker. They want to see a trend that is getting weaker because they may believe...
The 2 Types of Hidden Divergence in Trading It seems pretty reasonable to think about regular divergences as something to look out for in the Forex market, but what is the deal with hidden divergences? Trend...
It is a good idea to periodically review and evaluate one’s trading skills. One often hears the old saw that “even a broken clock shows the correct time twice a day”. This is a reference to a...
Everybody loses money when trading at some point. It is an unavoidable part of the business. What separates the best traders from the rest is their ability to analyze your trading losses, learn from them, and move...