Forex Article F.E.A.R

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When you have relaxed conversations with many traders you’ll find the shared experiences invaluable. Whilst sharing thoughts on; brokers, economic sentiment, strategies etc. is fascinating, one of the most intriguing aspects is how we overcame the barriers we faced on our journey towards proficiency and profitability. Some of these barriers are incredibly difficult to overcome, some are self inflicted, one of the most potent is the fear of ‘pulling the trigger’, quite simply being afraid to put Read more [...]

Daily Forex Market by FXCC 27Jan2012

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Daily Forex Market by FXCC 27Jan2012 MARKET OVERVIEW – JANUARY 27 2012 The dollar heads for a weekly decline The dollar bought $ 1.3100 per euro as of 8:57 a.m. Tokyo time from $ 1.3109 Thursday. It yesterday dropped as low as $ 1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. Read more [...]

Forex Article F.E.A.R

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When you have relaxed conversations with many traders you’ll find the shared experiences invaluable. Whilst sharing thoughts on; brokers, economic sentiment, strategies etc. is fascinating, one of the most intriguing aspects is how we overcame the barriers we faced on our journey towards proficiency and profitability. Some of these barriers are incredibly difficult to overcome, some are self inflicted, one of the most potent is the fear of ‘pulling the trigger’, quite simply being afraid to put Read more [...]

Daily Forex Market Update by FXCC 09Jan2012

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Daily Forex Market Update by FXCC 09Jan2012 MARKET OVERVIEW – JANUARY 09 2012 Major currency pair and Commodity currency pair analysis The euro fell 0.4 percent to 97.54 yen as of 8:28 a.m. in Sydney after earlier touching 97.38, the lowest level witnessed since December 2000. The currency declined by 0.2 percent to $ 1.2687 and earlier reached $ 1.2671, its lowest level since September 2010. The dollar was at 76.89 yen from 76.97. Canada’s currency depreciated 0.8 percent to C$ 1.0284 per Read more [...]

15 ways to trade moving averages

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Reading a chart without moving averages is like baking a cake without Butter or eggs. Those simple lines above or below current price tell Many tales and their uses in market interpretation are unparalleled. Simply stated, they're the most valuable indicators in technical Analysis. You can trade without moving averages, but you do so at your own risk. After all, these lines represent median levels where your competition Will make important buying or selling decisions. So it makes sense to Predict Read more [...]

Daily Forex Market by FXCC 24Jan2012

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Daily Forex Market by FXCC 25Jan2012 The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $ 1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $ 1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Read more [...]

Daily Forex Market by FXCC 26Jan2012

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Daily Forex Market by FXCC 26Jan2012 MARKET OVERVIEW – JANUARY 26 2012 Cable continues it's eighth day of gains The dollar traded at $ 1.3112 per euro as of 8:31 a.m. in Tokyo from $ 1.3106 in New York yesterday, when it dropped to $ 1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. Read more [...]

Smexy Trades

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Some trades are winners. Some trades are losers. But every once in awhile a trade occurs where everything just goes perfectly. You catch the top or the bottom of a move (or both), you pocket a huge number of pips, and/or you just executed your rules flawlessly. This is a thread for sharing those trades. So post up your charts and add any notes you wish to share. Thread Rules: 1) Don't criticize anyone’s claims. There will no doubt be some unimaginably great trades posted here, but lets take Read more [...]

The “Sure-Fire” Forex Hedging Strategy

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The forex trading technique below is simply...awesome. If you are able to look at a chart and identify when the market is trending, then you can make a bundle using the below technique. If I had to pick one single trading technique in the world, this would be the one! Make sure to use proper position sizing and money management with this one and you will encounter nothing but success! Trading strategy: 1 - To keep things simple, let's assume there is no spread. Open a position in any direction Read more [...]