Keep up to date with the latest market news Trading Tools Analyse and identify opportunities you could trade with our custom tools Trading Strategies Learn the most used Forex trading strategies to analyse the market to determine the best entry and exit points. ...
This is where price tends to take a pause before continuing in the original direction of the trend. Flags and pennants chart patterns are easy to identify and can be found just after an important news release such as the NFP/unemployment reports or other important economic news release. (...
Forex day trading involves exchanging one currency for another to make a profit from short-term fluctuations in exchange rates.This guide to forex day trading for beginners explains what the foreign exchange market is, which currencies you can trade, and how to start day trading forex online....
Learn all the key terms, abbreviations and definitions used in trading. Economic Calendar Follow the market movers and spot trading opportunities. Financial events Stay up to date with all the global economic and financial events that are moving the markets. ...
For traders, news events like this are kryptonite! One of the biggest, most important lessons I harp on, every day, with my members is to know and even embrace “non-tradeable conditions.” In fact, I think of things like NFP report days as Trader’s Holidays. Everyone knows when the...
However, Fridays is a day that the US likes to publish economic statements, like the NFP, US Retail Sales and various GDP reports. You could call Friday somewhat of a mixed bag. Deciding when to Trade Forex There is no right or wrong time to trade Forex per se. But different trading ...
The bid-ask spread in Forex trading also directly affects how traders think and make critical trading decisions. For instance, most traders choose the brokers with the tightest spreads and mainly trade the major Forex currency pairs like EUR/USD because they have tighter spreads due to high liqu...
For fundamental analysis, trading important news, such as non-farm payrolls (NFP) and interest rates, is the focus. Four strategies are discussed in this section. The first two—fade the break and trade the break—are centered on technical analysis. The next two—gawk the talk and balk the...
have placed it at a different level, but the key is that we are placing in an area the would definitely be moving against why we initially entered the trade. So the goal is to place it at that level where the initial trade setup is no longer valid. No too close and not too far ...
The NFP report generally affects all major currency pairs, but one of the favorites among traders is theBritish pound/U.S. dollar(GBP/USD). Because the forex market is open 24 hours a day, all traders can trade on the news event. Once the market has digested the information’s significan...