A tip in managing expectations to improve your trading efficiency I often come across many new traders basing off their trading day on key central bank speakers like ECB president Mario Draghi or BOE governor Mark Carney, thinking that their speeches will contain something to heavily influence the respective currencies involved. But a less common

Jeopardy! is a  game show where three contestents compete in providing the question to answers under topic headings.   Since you need to answer with a question, you need to form your response in the form of a question like “Who is Alex Trebek?”  That would be in response to “He hosts the long running game

Brutal up and down price action Looking at the USDCAD price action of late, I am reminded of what an old colleague of mine at Citibank used to say when markets were particularly choppy.  He would say “If you think about trading ____________, take two aspirin and lie down until the feeling goes away.”   

Are forex signals reliable? Unless you are already a full-time trader, or unable to access a computer 24 hours a day, it’s difficult to trade forex on a part-time basis. Many forex brokers and independent companies have developed trading systems that offer forex signals telling the user when to buy and sell. The execution of

Not everyone is able to start trading with a big account. In fact, if you are a beginner, it’s certainly better for you not to risk a big amount of money right away. At the same time, smaller accounts do require a special approach. In this article, we will provide some recommendations on how to

A look at a key technical analysis pattern from SimpleFX In many cases you can easily identify a trend reversal using a simple double tops or double bottoms pattern. In this post I will explain you how to do it. Here’s the next episode of SimpleFX CFD Academy tutorials for beginner traders. Of course, the

Timing is everything There are certain times in the markets that present risks and opportunities. In the market, different times have different characteristics. This is true on a day to day basis. For example, at the end of the US and before the Asian session the market becomes particularly illiquid and flash crashes can move

Why the focus is on the Treasury yield curve by Giles Coghlan US 10 year Treasury yields touched a 14-month low in late March as concerns mounted regarding the trajectory of the Federal Reserve. This article is for you if you have been reading about the inverted yield curve in US Treasuries, but haven’t really

Instaforex: See what different account options are available to FX traders  There are a number of different account types available in the FX sphere and this article will run you through some of the most popular account options there are and outline some of the key advantages and disadvantages. The first account type we will

The “wiggles” to the 200 bar MA find sellers. The “waggles to the 1.3024 level stalls the falls. When the market is chopping around, sometimes the “wiggles and waggles” up and down tell a story.  That story can only change on a chapter that does not do what the story line has been saying.  That

It is important to have a game plan when you trade If you read up on Forex trading, you will certainly come across a recommendation to have a trading strategy. However, the details of this advice often seem rather vague. In this article, we tried to gather the most important things you need to know

Learn how to familiarize yourself with the time periods in data reports Economic reports are given in a number of different formats. Many economic data releases are reported in a month on month format (m/m) and also in a year on year format as well (y/y). A y/y reading might be represented by the characters,

Weekly forex futures non-commercial positioning data from the CFTC: EUR short 78K vs 80K short last week.  Shorts decreased by 2K GBP short 14K vs 37K short last week. Shorts trimmed by 22K JPY short 59K vs 59K short last week. No changed CHF short 27K vs 23K short last week. Shorts increased by 4K CAD

Everything you need to know about trading before, during, and after an election Trading an election can be a very profitable pursuit for the informed trader. Unsurprisingly, political elections are eagerly followed by market participants as they try to position themselves as early as possible for any shifts that may be ahead. To the uninformed

What are the keys to understanding how bank trade recommendations work With so many trade recommendations available online from a variety of different banks how do they work and, more importantly, how can you make then work for you? Bank trades are often based upon monetary policy of central banks The currency markets don’t just

A look at how to search for something that works for you Some Forex traders dream about finding great set and forget forex trading signal services which are easy to follow, profitable and convenient. They would then just copy the daily currency recommendations into their Forex broker dealing station and watch their trading account grow

An up close and personal view Anyone who was trading in 2009 will never forget it. The emotion was intense. Every day was a wild ride. Today marks 10 years since the March 6, 2009 bottom in the S&P 500 at 666. The index is up 4.16x (plus dividends) since then in what has been

Using forex signals to your advantage Unless you are already a full-time trader, or unable to access a computer 24 hours a day, it’s difficult to trade forex on a part-time basis. Many forex brokers and independent companies have developed trading systems that offer forex signals telling the user when to buy and sell. Take

Shedding some light on the influence of the US-Venezuela spat towards oil Apart from currency pairs, retail traders exploit the opportunity to speculate other assets. Crude oil is one of the most popular assets. Petroleum is traded through CFDs or a contract for difference. One CFD means buying or selling 100 barrels of crude oil

A look at the simpler things you can do to help your trading Trading like anything else is about practice, reps, routine, and goals. Without any or all of these things it is difficult to be successful in your trading. Complicating this process slightly is the influence of other factors as well, namely emotions, a

Last week’s range was the lowest since January 2012 The USDJPY is stuck in the mud. Last week, the range for the pair was only 52-53 pips wide. That was the most narrow trading week since January 2012. Its is 2019 now, so that makes it a 7+ year record.  That’s a long time and

A look into the more familiar patterns on the chart This article was submitted by ICM.com. Technical analysis is a type of analysis which is applied by traders on different financial assets, where they study the past price performance of a certain financial asset to forecast the future price direction or trend of this asset. There

Closing changes for the main indexes S&P 500 up 18 points to 2793, up 0.6% Nasdaq +0.5% DJIA +0.7% Here’s the intraday on the S&P 500. It dipped on the China trade talks and that has me worried. The commentary was entirely positive but it wasn’t good enough. To me it’s starting to look like

Lessons from Dubai on risk Over the course of this last week I have been writing from Dubai as I have been leading an FX trading course for aspiring traders. Needless to say, one of the key teaching aspects I have been emphasising is the danger of using leverage and that has led me to that theme

For many newer traders, foreign exchange (FX) can seem a bit overwhelming at first glance. Given the complexity of the data or charts, it is not always clear what the best tools or patterns are to use in your trading. Indeed, figuring out the optimal indicators for your strategy and trading goals can take years

Looking at the ways one can take in order to look past the ‘noise’ When it’s too noisy, you often can’t make out what you want to hear. You may get confused and do something wrong. The same thing can happen when you trade currencies as technical analysis can be complicated by the so-called ‘market

Delinquent debt tops $166 billion Bloomberg today writes about the record $166.4 billion in US student debt that is more than 90 days behind in payments or in default. This is a terrifying number for the long-term health of the US economy. US student debt can’t be cast aside in personal bankruptcy. The debt is

Understand the mood of the market Emotions are the key to understanding financial markets. However, it’s tough to make rational decisions based on them. Even if you think you read your emotions or other peoples emotions, you may get lost in trying to comprehend the feelings of the crowd. And the market sentiment is the

Trump and Soros’ secret to riches There is power in truth but there might be more power in what isn’t real. George Soros and Donald Trump both found a way to exploit the same thing and it has critical implications for what’s coming next in the foreign exchange market. [embedded content] ForexLive

The know hows on dealing with slower trading periods Lulls in trading can present just as much challenges as periods of great movement and volatility. During quieter intervals however, ranges can be smaller due to the reduced volatility with many institutional traders away from their desks – what is the overall impact of this on