Forex currency trading

Beginners have a serious psychological tendency to ignore the downside risks to a trade instead focusing on the profits only. They need, in fact, to do the opposite in order to first survive and then prosper. Expecting each trade to make them rich is another mistake new traders make. They need to...

One obvious answer is ‘are you making money?’. This answer is very subjective though and a more scientific answer is really required. Fortunately, one already exists and is called the Expectancy Value of your trading system. Your expectancy value will tell you the average amount you can expect to...

Before starting live trading, one very important Forex aspect that you must try and mentally steel yourself against is that of learning how to deal with losses. In addition, you must learn how to copy with such set-backs in a very professional manner. Forex Trading is not a predictive activity and...

You will need to trade your Forex systems consistently over long periods of time if you want to achieve significant profits. To do this, you first need a consistent set of rules that you can follow with confidence and that can be applied using good Money Management Strategies together with expert...

One of the most difficult things to do in Forex trading is letting your profits run. If you cannot develop a trading strategy to do this, then your chances of making a good Forex living are greatly diminished. Why is it so hard to hold on to winning trades? The emotion of fear comes into play...

On the 30th November, the National Futures Association is introducing new margin rules that are primarily intended to provide increased protection for Forex Traders against the dangers of leverage. This will be done by all Forex Brokers collecting increased margin deposits of 1% of the notional...

One of the main reasons why Forex trading has become so popular these days is the availability of Margin Accounts which allow investors to access loans that are multiple times bigger than their original deposits. Without such facilities, Forex trading would be out of reach for most small players...

After breaching 1.5000 and hitting a high of 1.5040, the EURUSD retracted sharply overnight to 1.4990 - see chart. Late yesterday afternoon, US equities suddenly collapsed by over 100 points after concerning remarks about Wells Fargo emerged. Signs of a shift in market sentiment may be developing...

With the Dow Jones Futures indicating a weaker North American opening, safe haven flows are rallying the dollar with the EURUSD now posting 1.4915( see chart) and the USDYEN testing 191.00. Following the French supportive dollar comments yesterday, Trichet has further stated that a rising Euro...

Overnight, the EURUSD came within a few pips of the 1.5000 psychological barrier but has recently retreated to 1.4975 - see chart. The EURUSD remains well supported despite many positive comments made overnight concerning USD’s reserve status including those from Russia and France. In fact, French...

Overnight, the EURUSD hit a low of 1.4828 before surging strongly back to 1.4940. A bullish stochastic crossover resulted and suggests further advancements are possible that could test resistances at 1.4970 and 1.5010 - see chart. With the Dow Jones Future showing a positive North American opening...

As the Earnings Season unfolds, the Yen has plunged dramatically with the USDYEN climbing by over 250 pips this week. However, looking at the USDYEN Daily chart going back to the Autumn of 2008, you can see that this movement is only a mere relief rally within a major downtrend. The same can be...

Overnight, the EURUSD has fallen from its heavily overbought position, generated a bearish Stochastic crossover and presently sits at 1.4890 - see chart. Recent US Data releases showed that CPI rose to -1.3% from -1.5% YOY; Continuing Claims fall to 5992K and the US Empire Manufacturing Index rose...

With equities achieving further gains during the European session, the correlated EURUSD saw new 14 month highs by climbing to 1.4910 - see chart. However, releases of Fundamental data again did not back this movement with this morning’s posting of the Eurozone Industrial Production recording only...

In recent hours, the EURUSD has managed to surge higher achieving a new 2009 high at 1.4870 - see chart. Why this is happening is perplexing especially since German investor confidence posted a much weaker number at 56.0 versus the expected 58.8 earlier this morning. Recovery concerns are rising...