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...
How To Be Successful Working On Forex?
Forex is the international currency market. There are a lot of large corporations, funds, banks, and simple traders which play exchange rates through specialized intermediaries. A question who of them will earn faster and more I consider is irrelevant. Because, the market will give the answer to it during the given concrete moment. And it is possible to answer other questions.
Question ?1: is it possible to earn on Forex if you are the...
Forex Charts
Chart Pattern and trend line:Tips: Most people will not consider side way pattern because the possibility to going up or ramping down is the highest. If you would like to trade in side way pattern situation. Here is your 5 sen.Play a bounce off resistance
Play a break off resistance
Play a bounce off support
Play a break off support
Wait for breakout. Don' t do anything.
CHARTSPeter Bain use mainly daily, hourly, 15 minute, and five minute...
Forex Spreads
What is a Spread?The spread represents the difference between the amount brokers will accept to sell a currency for (ask) and the amount that they will pay for a currency (bid). These prices change with time, but they are essentially always different from each other so that the broker is guaranteed to always make a profit. The broker's aim is to buy low and sell high; as a result, the ask price is always higher than the bid price. The...
WHAT IS FOREX?
WHAT IS FOREX?
Forex stands for the foreign exchange market. This is also referred to as the FX, Spot FX or Currency market. All of these names are just several ways of describing the very same market.This market has been around since the 1970’s when currencies started to fluctuate when President Nixon took the U.S. off of the gold standard. Formerly, the U.S. currency was backed by gold and now it’s just backed by the “faith” in the government’s...