Dollar Falls This Week as Concerns for US Economy Return
The gains of the US dollar at the beginning of this week were outweighed by the losses in the second half as the poor employment data raised the concerns for the US economy and damped the demand for the US currency.At the start of the week the dollar was still supported by the demand for the safe haven,...
3 Ways You Can Use Moving Averages To Trade The Forex Markets
Moving averages are one of the most popular types of technical indicator amongst forex traders. They can be used in a variety of different ways to help find winning forex positions, and in this blog post I want to discuss three of the main trading methods you can use.1. Moving Average CrossoversBy plotting two moving averages - a short-term moving average and a long-term moving average - you can get strong trading signals when...
Forex Trading – How to make a good living scalping the Euro
In these 2 videos I explain how you can make a nice living scalping the Euro for 2 hours a day. I do it every day between 06:30 and 08:30 AM London time (01:30 – 03:30 NYC time), which would be great for US traders who like a late night followed by a good old sleep in. These videos are in response to my previous videos about scalping the Euro, which were more long term in nature. In these I explain the tiny 1-7 pip trades that I make, sometime over 100 trades to achieve my daily goal of 40 pips. Once the goal is hit I make no...
How high are the risk in Forex trading?
Forex is often traded in pairs, for example USD/Euro, USD/JPY, Euro/JPY, GBP/CHF, and CAD/USD. You get 'short' in one currency and you will get 'long' in the other one. Unlike conventional stocks market, Forex trading does not have a centralized trade market.
It is considered as Over-the-Counter or Inter-bank as trades are done between two counterparts via electronic network or telephone connections. Forex works truly as a 24-hour market.
Everyday Forex trade begins when the financial centers in Sydney start their...