Learn to Identify Breaking Support & Resistance

Support and resistance levels enable traders to project how far they believe a currency pair will move. It also tells them at what points the price action of a currency pair may turn around and start moving in the opposite direction.

Why You Should Trade the Crosses?

Finding the right currency pair to trade should be of utmost importance to you as an individual trader. As an individual trader you will only have $1000 to $10,000 at the most as equity in your trading account. Opportunity cost is a real cost for most individual traders. Funds committed to anyone position are funds that cannot be used for in other possibly more profitable trades.

Using Interest Rate Differentials as Fundamental Trading Strategy

Any forex trader knows that interest rates are an integral part of investment decisions and can drive the currency as well as the stock markets in either direction. FOMC rate decisions are the second largest currency market moving release behind the unemployment figures.

Forex News Trading

Forex markets are unlike stock markets. Currency markets are open 24/5 except on the weekends. Continuous price action takes place all day in the currency markets. Do you know this that more than 90% of people trading forex are speculators?

Learn Currency Correlations

Everything is interrelated in the forex markets. It is important for you to understand that the price action of each currency pair is not mutually exclusive.

How To Pick The Best Currency Pair For Trading?

While deciding which currency pair to trade, many traders make the mistake of forming their opinion around only one currency in the pair, ignoring the other currency. Right choice of the currency pair is essential for making profitable trades.

Factors That Affect the Forex Markets in the Short Term

There are two types of forex traders. One type of traders depends on fundamental analysis in trading forex. The second type of traders depends on technical analysis in trading forex. Whether you are a fundamental trader or a technical trader, you should not underestimate the importance of economic data in shaping trading strategies.

How Seasonal Patterns Effect Forex Markets?

Most forex traders analyze and predict the future direction of currencies using fundamental or technical analysis. The craftier among them use the combination of both to predict direction of forex markets.

Know Carry Trading

In currency markets, carry trading is done by many investors to take benefit of the basic economic principle that money flows where the returns are high. This constant flowing in and out of capital between the different markets is what makes carry trading profitable.