Australian Dollar during the total selloff last Friday (February 28) has touched an important support level at 0.6432 against US Dollar. The current AUD to USD pattern is very similar to the culmination of sales, which in turn gives hope for the beginning of a full-fledged pullback, which may well turn into a global reversal.
The Forex stock market is traded in every single day around the world. In order to make sound investments which can now be done from the comfort of your own home, thanks to new online platforms such as CMC markets, which now make trading for the first time so much easier. However, before starting in the world of investment, it is necessary to keep up to date with all the latest
Short positions below 107.20 with targets 100.00, 98.60, 94.30
Almost a month has passed since the last meeting of the ECB. May 8, the Forex market caught the Draghi comment: “ECB open to intervention in June if needed “, but as the famous quote goes: ” Buy the rumor, sell the fact “, and now it looks like a rumor and still not a promised fact, true or false we’ll see.
Long positions above 1300 with targets 1350, 1380, 1440
Long positions above 85.00 with targets 93.50 – 97.70
Long positions above 1.20 with targets 1.30 – 1.35
Short positions below 1.0150 with targets 0.9200 – 0.8850
Have you ever though about the common saying – CUT YOUR LOSSES EARLY AND LET YOUR PROFITS RUN? I’m sure every trader knows it, however, not everyone follows. During the process of creating my strategy I was asking myself the question – why traders wait and keep losses run, but as soon as profit comes we fix it?
The beginning of 2013 was pretty successful both for me and my project. Major role again was taken by beauty I love to hate EUR/JPY. I was selling again and again, then I changed my mind and bought on my own risk and surprise. The price was 40 trades. No nerve cell was touched!
In this article we’ll take a closer look on Forex brokers’ analytics. So, usually, our brain about to crash down after training with broker and book reading. New information is hard to comprehend and interest for studies is running out. Then, we – traders tend to look for an alternative way. And this way comes easily – market analytics provided by brokers absolutely free of charge might be very handy. Sounds right – what for to cram your head with stuff and nonsense? Read analytic reports and trade! However, in reality this formula is not working. Let’s try to figure out why!