Forex volumes fluctuate all the same and are especially during economic data releases. High volume can lead to a lot of volatility, but this is not always the case.
Low volumes can also produce high levels of volatility. Infact in recent years some major support and resistance points have broken during low volumes, often during bank […]
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There are many benefits of forex trading. Firstly, one of the big benefits is the fact you can start trading with a very small amount of capital. Some brokers allow you to start with just $100 and in some cases even less! However, personally I do not recommend starting with less than $1000 and for […]
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Many retail FX brokers allow you to hedge an open position by opening a position that is the complete opposite. For example if you have one 10,000 long position open on GBP/USD, you could open a 10,000 GBP/USD short position. This would provide a complete hedge and the trader would not earn or lose, no […]
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Forex options trading is an alternative way to spot fx to speculative or hedge the price movements of a particular currency pair. With Currency Options, the trader has the option, but not the obligation to buy or sell a currency pair at a specified date in the future.
Buying currency options contracts will have an […]
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In part one of our article, we discussed pattern recognition on forex charts, using the Gbp/jpy as our example. Let’s take a look at the 4 hour chart.
I have drawn red horizontal lines at swing lows and swing highs. Why? These are areas of rejection where the market price changed directions. In this 4 hour […]
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I would like to introduce a simple, yet complex system for successful forex investing over the long term. Forex trading can be extremely rewarding if you have the right
tools in your arsenal. The system that I have developed over the years consists of a few simple tools that anyone can use for success in forex, […]
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Web based currency trading offers many advantages over a trading platform. If you are trading from different PCs regularly, it could be highly beneficial to have a web based trading platform. However, it is important that the trading PC is suitably secure for trading.
Here are some popular web based forex brokers:
Oanda is probably the popular […]
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Since setting up this blog, many people have as me about how they go about Getting started in currency trading, and it is relatively easy to do. However, before starting it is important to have some risk capital. Risk capital is basically money you can afford to lose that would not hurt you a great […]
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Automated currency trading is very popular amongst many new traders. It does sound very appealing to have an automated forex system that you can just set and forget and have it make money for you. Unfortunately, most automated forex systems do not stand the test of time and eventually end up losing money, often destroying […]
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Forex Pivot Points are commonly used as support and resistance points. Price action usually “bounces” at these points. Pivots can be worked on any time frame, but mostly commonly hourly, daily, weekly and monthly pivots are used.
To work out a pivot point you use this simple formula
Previous candles high + low + close / 3
For […]
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