This resulted in around a €15,000 difference on a £250,000 GBP/EUR transaction between the high and low of the quarterly Interbank rates.If we take some crucial dates from the graph below we can understand what spurred the peaks and troughs.Whilst this does little to aid accurately predicting future movement it allows us to appreciate why they occurred, and potentially what impact data releases over the first quarter of 2010 may...more
Are you curious about swing trading? Swing traders ride the swings or oscillations that markets make as the stock or currency pair pivots from one price level to another. Swing trading is an extremely popular style of trading can you can apply to almost any market. The main three styles of trading are day trading, swing trading and trend or buy and hold trading. Swing trading is found in between day trading and buy and hold trading and is highly...more
When trading in the currency market, one of the things to look out for is the trade signal, and this article of where and when to trade, what we are talking about is how you can calculate if a market is ready for the picking and what kind of trade signals you should be looking out for when you are trading in the market situation. With these elements on your side, you should be able to have a better idea on how the trading mechanics actually work within the Forex market and improve yourself as a trader.Trading is all about understanding the situation that is presented to you, and with knowledge on where and when to trade, you will have the power to come out winning in almost any situation. For one thing, you have made a good choice by choosing the currency market and this is because even in the months of the world economic crisis, the market volume has remained to be one of the most exciting and viable markets in the world today. With the Forex market, all you need to do is to look at the current market activity and judge for yourself.You will be able to note that there are trillions of dollars being traded back and forth in the market today and with this, you should be able to know...more
When buying and selling currencies online the transactions can be processed efficiently in a split second, and for this reason the leading banks and multi-nationals all adopt the foreign exchange market as a vehicle for exchanging monies.Vast amounts of money and huge profits can be made in the online foreign exchange market in just one single...more
Trend Lines are the most powerful technical analysis tools. They allow you to gauge the trends direction, identify potential reversal levels and enter trades with low risk and high reward. In this article, you will learn how to combine trend lines with indicator in your FOREX trading.Trend lines are a powerful analysis tool - the way they present...more
The retail forex markets are certainly in a boom time. Forex dealers are popping up like rabbits. Hundreds of thousands of people like you and me are trading the markets for a nice profit everyday. Brokers are making a killing from their spreads in these deals. Forex markets are volatile and hence present great profit opportunities as well as great risks to your capital. And if you aren’t careful your capital will quickly be lost by the markets. So what is the key? What is the secret to trading the forex markets successfully? We look at some forex trading tips in the following series of reports.Some of the facts and measures we go through may be simple to some but may be new concepts altogether for other people. All in all every piece of information is critical to your understanding and succeeding in the forex markets, and hopefully our articles about forex trading tips will help you on your way.When you trade currencies you are trading currency pairs. You always trade a currency in reference to another. Therefore, when you are looking to trade currencies, make sure you are aware which currency pair you are looking at trading with and understand how both currencies...more
There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way. On the other...more
Most traders have heard of seasonal patterns, something which is mostly associated with commodities. The foreign exchange market also has calendar patterns which influence trading, and just like in commodities, traders can take...more
It is an undisputed fact that the dollar is weak. The trade deficit run up by the Bush administration in financing the war in Iraq and the sub-prime mortgage crisis are just two of the factors that have driven investors from the dollar to its baby...more
Nowadays, more and more people invest in forex or foreign exchange, it has become the largest market today, and it is still growing. However, it is not that easy to get profit in this forex market, if you are not familiar with it, the only result you...more
If you are looking for a trading market that you can trade at any time, then forex trading should definitely be your choice. Can you trade stock in the weekend? No, you cannot. Can you trade stock after you go home from work? No, you cannot. Can you...more
It is no doubt that forex is a better way to make money than the stocks and Commodities. There are 7 reasons for this.1. Forex is the worldwide biggest market. Every day, over 2 trillion dollars are traded. Compared to forex, the stocks and...more