The buyers still kept the market up even after a negative opening of over 100 points on the Dow30. This is a very bullish sign that the market recovered and actually moved into the positive side. Although we could be approaching some sort of top next week, the pattern has been continuing with steady uptrends in the healthy stock charts like those in the wish list and many of the stocks in the stock list (table) below. It looks like the market...more
The market indices moved down 1.7% to 2% today in an orderly fashion with no major concerns to be worried about yet. So far, all of the stocks on the lists below have not broken the uptrend channel and big risk yet. If we continue to have another day or two down, no doubt most stop losses will be triggered. Look at the daily charts of each of your long holdings to see if or how much a drop would break that channel these stocks have been on for...more
The market had a slight dip for 10 minutes this morning at the open and rebounded up. Many stocks had their buy entry on this reversal this morning and should resume this uptrend that has been going on for 2-4 months. The Dow30 was up 1.4% and the S&P 500 up 1.2%. The Asian markets were up sharply tonight at the open and sold off. As we go higher and higher, the market will tend to get more nervous and more news events may be treated as an excuse to sell.These stocks that we are following still look safe to continue for a little while but keep your stops in with 5-7% trailing stops being suitable. For those who are approaching these long positions as swing trades it is likely we move up tomorrow at the open followed by some selling and this would be a logical point to sell stocks. It would be an important barrier if stock prices move to a higher high tomorrow and it could fuel the market higher. Yet it is more likely that we have a brief positive opening, if any, considering that a report that American household foreclosures increased 24% in the first quarter. We also have housing starts, building permits and initial jobless claims. This is the hardest part of the market...more
Forex trading, also known as Foreign Exchange Trading or FX Trading, is a relatively recent phenomenon. In fact, until the collapse of the 1944 Breton Woods Agreement (initiated to keep cash from draining out of war-ravaged Europe) it wouldn't have been possible at all. Today the foreign exchange market is the largest, most liquid and most...more
A foreign exchange market, otherwise known as Forex is a system used to help the economy in other countries, as well as boost the worth of money around the world. Forex can not only reap tons of benefits for those that actively trade, but it can also help the economy in some places as well. Forex is a massive liquid exchange that deals with extreme...more
Finding the right kind of forex day trading system can be difficult. If you spend even a few minutes searching around online, you'll see that there are hundreds of websites offering trading systems for just about every market imaginable. One begins to ask though how profitable are these trading systems? How can you evaluate how profitable or how good a trading system really is? This is an extremely difficult question to answer because most of the time you have to outlay a considerable chunk of money before you are given access to the system. By that time it may already be too late because you have spent your hard earned cash only to discover that the system doesn't perform as you had expected. Below are a few tips for trying to make sure a trading system you are considering purchasing performs as you had hoped.The first thing you can do is check to see if the system owner offers any kind of limited or demo access. Some systems may be able to be used for a few weeks before they are deactivated. This demo time would be more than enough for you to see if the system performs as was originally claimed. This is possibly the best recommendation to finding out how well a trading...more
Currency trading for dummies is a great way to learn more about currency trading, however, there is a lot of information anyone can get online for free which will probably be able to teach you just as much and possibly even more. Currency trading,...more
How to trade currency is much like how you trade other markets. Currency markets work in much the same way that precious metals and stock markets do. There is always something to buy or sell and it will either move up or down over time. Currency...more
Trading forex can be both very profitable and risky. The forex market offers traders the potential to make some serious returns on their investments, much more than other traditional markets like the stock market ever could. This is in part due to...more
Everyone who is new to Forex is looking for Forex strategies to make money. There seems to be some misunderstanding that with the Forex market, you can become an instant millionaire overnight. Unfortunately for most investors, the strategy they...more
When traders embark on their technical analysis training voyage , they tend to think the main challenge is going to be learning various technical tools. Usually they seek a person with expert qualities in this field.However the idea is to develop...more
The trading of currency is quickly becoming popular these days as the foreign exchange business continuously soars. Many people are getting hooked on investing in the foreign exchange market with the promise of being provided with huge...more