Peter Marsden's Forex Blog

Some currency pairs have very close correlation. Currency correlation is measured between -1 and 1. -1 is 100% negative correlation and 1 is 100% positive correlation and 0 means no correlation. Negative correlation is where one pairs moves up and the other pair moves down.
There are many Currency Correlation strategies that try to profit from […]

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An alternative way to hedge or speculative on forex price movements is to put money into a Currency Trading ETF. This is an Forex exchange traded fund. ETFs are traded on the major stock exchanges around the world and be purchased like stocks.
A NAV (Net Asset Value) of the FX ETF aims to track the […]

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Public Currency Trading Forums are an excellent way to get free information on forex trading. Many of them contain information from newbie traders getting started and more experienced traders who have been trading for many years.
It can be good to see how the pro’s trade and to see what common mistakes newbie traders make.
Whilst trading […]

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In this post i’ll look at the currency trading advantages compared to trading other markets. Firstly, the major advantage that springs to mind is the low margin requirements that many FX brokers offer, making forex a high leverage investment.
Nowadays most retail fx brokers will offer at least 50:1 leverage, in some cases the leverage is […]

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You can get Currency trading simulation program to test your trading strategies before going on a live account. Annoyingly many simulations or demo accounts expire within a few weeks. This can be very irritating when you want to trade strategies that need more time.
The good news is I have found two brokers that offer a […]

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Many people seem to wonder what is best currency trading system. Personally, I believe many forex trading systems can be successful if applied with solid risk management. Even simple strategies such as moving average crossovers can be successful. Even the best strategy in the world is only as good as the trader who trades it.
So […]

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There are many traders who would like to make money currency trading. Only a tiny percentage of people with this quest prove to be successful. The rest fail. Let’s take a look at why this.
From reading forums online it is clear that many people choose to buy a forex training course. It is my view […]

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Hi folks! If you have visited forexpm.com before you will know that we are currently working on a complete redesign of the site. It’s very much work in progress still, but the site is now 90% functional! Hope you like the new look!
Pete

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Did you trade the cable setup? I traded the first trend line break, and got in then back in around the trendline area. Just got stopped out before the market headed back up quite substancially. Nevermind.. It was a high probability setup, it just didn’t work this time. I only risked 0.5% so its not the […]

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An interesting setup here on cable.. The range is getting tighter and tighter. Something has to break within the next couple of days, maybe even today. We have some big US data coming out today, GDP and New Home Sales.
 
The way I often trade this type of setup is to wait for the trend line […]

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