Seasoned Forex traders know the traits and characteristics of each major Forex currency as well as they know their friends. For example, if you know that your friend is deathly allergic to peanuts, you would…
Tagged By forex
FOREX TRADING OUTLOOK: Oil Paves The Way
How does the recent decline in oil affect the Forex market? Also, don’t be caught unaware of this weeks major market events with the upcoming FOMC and BOJ. And what can you do in a choppy, sideways…
FOREX TRADING OUTLOOK: After the “Perfect Storm”
A Recipe for a Financial “Perfect Storm” Last week saw the Global Equity markets, Oil, stocks and other markets come under heavy pressure. It was a combination of all the criteria required for the “Perfect Storm”…
CURRENCY PROFILE: Help for Trading the United States Dollar (USD)
You may have been trading the Forex currency market for years, but do you really understand the general economic characteristics of the currency you are trading? This series takes a snapshot of each of…
Forex Trading Basics | Trading Long and Short
Forex Trading Basics: How Does A Trade Work? When trading Forex, all transactions are made involving currency pairs. While you may enter a buy or sell position whenever you trade any Forex currency pair, essentially…
Forex Currency Codes and Nicknames
Currency Pair ISO Codes When trading Forex, currencies are not referred to by their full name. Instead, the International Organization for Standardization (ISO) developed abbreviation codes for each currency. Here are a few ISO Currency Codes EUR = Euro Dollar…
Forex Traders Prefer Candlestick Charts
A Brief History Of Candlestick Charts As early as the 1600’s in Japan, candlestick charts were developed for predicting rice prices. Interestingly enough, rice futures was one of the world’s first commodity futures markets. This explains…
More Reasons to Trade the Forex Majors
Many currency pairs, including the AUD , CHF, and NZD, are seeing larger than usual gaps between the bid and ask prices as increasing spreads are becoming more and more common. But the good news…
USD – Last Week’s Avalanche and What’s Next
Is there anything on the horizon to stop the USD onslaught? I for one just can’t see it short of an unforeseen disaster. For a brief moment earlier last week the majors actually looked like…
US Dollar Sentiment
Several weeks ago, after the latest NFP report we wrote that the US Dollar’s run if anything should gain momentum. In the weeks following it certainly did just that. This past Monday was truly pandemonium…
