Good traders know that financial markets are naturally interconnected with one another which means that what affects one asset class will nearly always have an effect on the other. And one of the main drivers in markets has been and will continue to be the stock market, since it is arguably the market that is … “The typical market cycle”
Category: Forex Bits
This’s Why Hedging Is So Risky in Forex Trading
In forex trading, hedging technique refers to buying and selling one forex pair at the same time. To protect their capitals, traders employing normal one-direction trading will cut loss absolutely, while traders employing hedging technique will drive their equities by continuously adding and removing positions in both long and short directions. For an imaging expression, … “This’s Why Hedging Is So Risky in Forex Trading”
USDCHF: Looks To Weaken Further
USDCHF – With a follow through lower occurring the past week, further downside is likely in the new week. Immediate support lies at the 0.9000 level. Further down, support lies at the 0.8950 level with a turn below here leaving the pair targeting the 0.8900 level followed by the 0.8800 level. Its weekly RSI is … “USDCHF: Looks To Weaken Further”
EURUSD: Maintains Its Bullish Bias
Though closing almost flat the past week, EUR continues to retain its broader upside. Risk of a return to the 1.3700 level remains. Further out, resistance resides at the 1.3800 level followed by the 1.3850 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, on a reversal of its current upside … “EURUSD: Maintains Its Bullish Bias”
CRUDE OIL: Bearish, Sets Up To Weaken Further
CRUDE OIL continues to weaken, leaving the risk of further downside expected in the new week. Support lies at the 102.00 level followed by the 101.00 level. A violation of here will aim at the 100.00 level and then the 99.00 level, its key psycho level. Its weekly RSI is bearish and pointing lower supporting … “CRUDE OIL: Bearish, Sets Up To Weaken Further”
Your Forex Success Is Hidden In You
Each day millions of people trade in foreign exchange market. Among this great number of traders there are found ones with high income and those who haven’t yet found the key of trading. If we draw a back glance at the history of Forex trading we’ll see that becoming a successful trader and making much … “Your Forex Success Is Hidden In You”
FXCM Buys Faros Trading
US based forex broker FXCM buys 50.1% of foreign exchange intelligence company Faros Trading LLC. Faros provides unique research and will add to the capabilities of the publicly traded broker. For more details, see the press release below: NEW YORK–(BUSINESS WIRE)– FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and … “FXCM Buys Faros Trading”
OANDA buys Currensee
OANDA, one of the largest forex brokers, has bought the first forex social network and copy trading firm Currensee. Both firms put an emphasis on technology. More details are available in the press release below: LONDON – September 24, 2013 – OANDA, a pioneering global provider of innovative foreign exchange trading services and parent company … “OANDA buys Currensee”
7 Things You Need to Master on Your Forex Demo Account
The Forex market is undoubtedly the most exciting market in the world, with high profit potential. However, if you are just beginning to trade currencies or planning to do so, it is an absolute must to learn how to trade using the best tool – a Forex Demo account. Most Forex brokers offer a free … “7 Things You Need to Master on Your Forex Demo Account”
Graeme Whittington is OANDA’s new CTO
Graeme Whittington, who was a BlackBerry executive, will head OANDA Corporation’s new technology efforts. OANDA is one of the more innovative forex brokers. The company recently introduced new features in its fxTrade mobile application. For all the details about the appointment, here is the official press release: LONDON – September 23, 2013 – OANDA Europe Limited, … “Graeme Whittington is OANDA’s new CTO”