Forex

Overnight, the correlated stock market and higher yielding currencies, such as the Euro and GBP, rose as a result of a weaker Yen and yesterday’s positive Feb Beige Book. Just recently, the US Initial Jobless Claims have posted a drop to 457K from a revised 462K whilst Continuing Claims rose to...

A disappointing US ADP Data figure has just been released showing an increase in job losses of 169K against an expected 150k. This adverse result has drawn criticism against the Obama administration for their policy of focusing on National Health Care as opposed to job creation. Difficult choice as...

Overnight, improving market confidence fuelled an increase in risk appetite causing the EURUSD to surge higher by over 100 pips to 1.5090 presently (see diagram). A possible retest of the 2009 high at 1.5145 is now a possibility today. Earlier this morning, the Euro-zone posted an increase 0f 0.1%...

Since yesterday's re-opening, the majors rallied sharply against the USD following the UAE central bank’s urgent action to both restore faith and reduce fears following last week’s Dubai debt shock. For instance, the EURUSD surged by over 100 pips to 1.5080 overnight(see diagram) whilst the GBPUSD...

An important Forex concept is the risk:reward ratio and many experts advise that you should aim for a value of 1:2. The second one is your percentage of winning trades. Obviously a value of 50% and greater is preferable. You should note that you can achieve successful trading over the long haul if...

Fundamental Data Releases, of high importance, are often regarded as the supernova events of Forex Trading. Examples include US Non Farm Payroll, US Trade Balance, the US Unemployment Claims and the National Interest Rate Changes etc. If you could correctly predict and then capture the resultant...

Beginners have a serious psychological tendency to ignore the downside risks to a trade instead focusing on the profits only. They need, in fact, to do the opposite in order to first survive and then prosper. Expecting each trade to make them rich is another mistake new traders make. They need to...

One obvious answer is ‘are you making money?’. This answer is very subjective though and a more scientific answer is really required. Fortunately, one already exists and is called the Expectancy Value of your trading system. Your expectancy value will tell you the average amount you can expect to...

Before starting live trading, one very important Forex aspect that you must try and mentally steel yourself against is that of learning how to deal with losses. In addition, you must learn how to copy with such set-backs in a very professional manner. Forex Trading is not a predictive activity and...

You will need to trade your Forex systems consistently over long periods of time if you want to achieve significant profits. To do this, you first need a consistent set of rules that you can follow with confidence and that can be applied using good Money Management Strategies together with expert...

One of the most difficult things to do in Forex trading is letting your profits run. If you cannot develop a trading strategy to do this, then your chances of making a good Forex living are greatly diminished. Why is it so hard to hold on to winning trades? The emotion of fear comes into play...

On the 30th November, the National Futures Association is introducing new margin rules that are primarily intended to provide increased protection for Forex Traders against the dangers of leverage. This will be done by all Forex Brokers collecting increased margin deposits of 1% of the notional...