Posts Tagged ‘forex trading’

Jan
08/11
Forex Trading Times – The Market Never Sleeps
Last Updated on Saturday, 8 January 2011 03:49
Written by admin
Saturday, January 8th, 2011

No exaggeration meant; the Forex trading market actually never sleeps. It is a 24 hour market, and the currencies can be traded at any and every time. However, it would not be wrong to say that there are certain times during the day, which are better to trade the Forex. Timing indeed is crucial in the Forex market, as selecting the best time for currency trading is a good way to maximize potential profits from each trade. It is one secret that expert traders are well aware of!

Identify the Power Hours

Trust me; these power hours are no different from a power house that could light the entire place. (more…)

Jan
07/11
The Best Forex Trading techniques for Beginners
Last Updated on Friday, 7 January 2011 03:57
Written by admin
Friday, January 7th, 2011

For anyone who is just starting forex trading, it is important that he or she conducts adequate research  prior to entering the market. It is a known fact that there are no rights or wrongs in the forex market, hence one cannot boast about mastering the best Forex trading techniques. A beginner needs to develop his own unique strategy to approach trading dynamics in the market. This approach should be in synchronization with your Forex trading behavior and your personality. It is also safe to say that the best forex trading techniques are developed over time with experience, as a trader does not learn about the ups and downs of this business unless he is a part of it. But there are a few things that new Forex traders should know which are being highlighted in this article.

Macroeconomic overview

Researching about the macroeconomic trends of the country helps a great deal in developing a good Forex (more…)

Jan
03/11
Daily Trader Outlook
Last Updated on Monday, 3 January 2011 07:19
Written by Ross Mullins
Monday, January 3rd, 2011

Ross

EUR/USD – Current 1.3315

4 hour View - Major resistance at 1.3410 area. A break heads back to 1.3500. 4 hour trend has been up but seeing some downside pressure.

Resistance - 1.3360 / 1.3385 / 1.3410 / 1.3470 / 1.3500

Support - 1.3341 / 1.3322 / 1.3303 / 1.3282 / 1.3264

Intraday Opportunities - Next leg lower begins with a break of 1.3300. Above 1.3350 could challenge 1.3385 and 1.3400

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GBP/USD – Current 1.5480

4 hour View – Bears took over after market open on Sunday however (more…)

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