There are many reasons new traders lose money in the markets. Inexperience is one of the biggest. New traders usually lack the knowledge, skills, and experience to properly analyze markets and make informed decisions. They often jump...
This is an important tip because many traders treat both sides of the market the same way. Have you ever had a winning trade and held out for the last pip only to see your target miss...
The key to any strategy is to be able to put it into practice in real time. We all know that trading rarely operates like a textbook so it is important to understand the logic behind a...
With USDJPY extending its high marginally to a 34-year peak at 151.97, Japanese officials have stepped up verbal intervention warnings. As a result, Japanese officials face a credibility test after Finance Minister Suzuki said they could take...
With USDJPY setting a new 32-year high, traders are keeping one eye out for any hints of intervention, This has seen Japanese officials step up verbal intervention in an effort to contain or at least deter the...
What is Traded in Forex? It’s an easy answer… money — various national currencies are traded. Since you’re not buying an actual item from Amazon that you can feel and touch, forex trading can be baffling. So, we’ll...
What is the Forex Market Quite plainly, it’s the global financial market where people trade currencies. If you think a currency will be stronger versus the other, and you take a position that validates your thinking, then you...
All eyes are on the Bank of Japan next week and whether it finally ends the era of negative rates at its March 18-19 meeting. By any sense of logic, the BoJ would have acted pre-emptively exited...
Markets move when there is a surprise. A long-awaited Bank of Japan rate hike, which would end the era of negative interest rates, would not be a market surprise. The only thing left is timing, either at next...
(Scroll below for an update to this article) In the world of electronic and automated trading programs, it still amazes me that psychological levels are still a factor. In this regard, big figures (round numbers) Â are important in...
Resistance at 1.09450 Support at 1.09200. So what to do with these numbers ?? Well, you decide first are you a bull or a bear …then you make a strategy based on the given bracket right now…how much...
Trader Alert – EURUSD This may seem obvious, but YOU HAVE TO ALWAYS BE ON GUARD FOR A SURPRISE. Anyone who has traded the forex market or any other global market over the past...