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Find Out All About Forex Trading
Linear regressions, both as lines and as channels, are complex mathematical calculations and powerful trading tools that can assist the savvy forex trader toward increased profits. As Barbara Rockefeller points out in her excellent primer, Technical Analysis for Dummies, there’s no need for forex traders to understand the calculations involved in reaching a linear regression, [...]
A cautious beginning to the forex trading week abruptly changed course on Wednesday, 23 April. Following the success of many major financial institutions in raising capital, reports circulated through the forex and equity trading markets that liquidity had returned to the credit markets, and gains made the previous week consolidated and even extended modestly. The [...]
Continued auctions by multiple central banks, and lower-than-expected losses in 1Q2008 earnings from major financial institutions, initiated a relief rally in equities and the forex trading market this past week. Risk aversion dropped and carry trades rose on the widespread belief that the unconventional measures taken by the Fed, ECB, BoE, BoJ, and SNB have [...]
In forex trading, a doji candlestick is formed when the open and close prices for a specified time period are the same or within a few pips of each other, forming a small or non-existent body. The wicks can be long or short, above or below or both, but it is the small body that [...]
The forex trading week was dominated by meetings of the IMF and G7, and although the latter restrained from releasing their statement until after the close of trading on Friday, the former’s overall pessimism once again heightened risk aversion. IMF forecasts of a 25% chance of a global recession and warnings of financial institution writedowns [...]
For those traders who like their forex action hot and heavy, the one-minute and five-minute charts contain the best computer game ever invented. Short trades on these charts, known as scalping, take these microcosms of market sentiment and earn profits from the microtrends these charts’ longer-term brethren filter out. Scalping gains are not large, with [...]
The close of 1Q2008 saw rising confidence and greater stability in the forex trading market as investors, perhaps punch-drunk from poor economic data in the U.S., took further such in stride. Many currency pairs consolidated, and several ended the week within a few pips of their Monday opening levels. Meanwhile, the price tag for the [...]
