News

USDCHF looking to complete its retracement

February 2, 2010 · Leave a Comment

USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level. On the upper side, its initial target will be around 1.0640 level and continuation of its upward trend will lead USDCHF above 1.0700 level. RSI was on the higher side but current retracement has opened up it considerably to allow it to make a move towards 1.0640 level. Read More →

Fundamental

Weekly Economic Indicators

September 5, 2009 · Leave a Comment

Select Economic Indicators for the Week Ending 11th September 2009 Unemployment Rate Date: 4th Sep 2009 Previous: 9.4% 2 Forecasted: 9.5 %2 Impact: High The unemployment rate is a leading indicator of economic health and well being in the country and tends to affect USD values strongly. The forecasted consensus suggests a marginal increase which is unlikely to lend any further assistance to the USD. In turn, falling wages and declining payroll will likely adversely affect consumer confidence and lead to poor consumer spending. Consumer Credit Date: 8th Sep 2009 Previous: -5.4B 1 Forecasted:... [Read the full story]

Technical

Dollar vs Yen

September 5, 2009 · Leave a Comment

The USD appears to be moving in bearish trend and there are no signs of a reversal so far. The USD is likely to depreciate further as it is currently in a parallel channel and an exhaustion move has occurred. Supports for the pair USD are at 92.881 and 92.4357. These levels, if broken, may lead to levels of 90.454 and 95.4212. The ADX and ichimoku kinko hyu are neutral, signaling further downtrend for the pair. The USD is facing pressure on the downside but faces resistance as the moving averages are above the price. The Stochastic oscillator is in oversold state and one needs to take due note... [Read the full story]

Learn Forex

How You Can Trade Multiple Positions by Applying Money Management

September 2, 2009 · 1 Comment

To be a highly successful trader, novice traders must have a good trading plan. Trading multiple positions can be difficult without proper money management. Usually, traders will develop their own techniques of money management, based on their financial positions, trading styles, etc. One of the most popular strategies in money management is the Pyramid strategy, using which traders can effectively multiply Forex gains, with a relatively low risk. Pyramiding is a strategy in which traders take advantage of high performing assets, by adding new positions at upper levels or doing what is called ‘averaging... [Read the full story]

Brokers

xForex Review

August 21, 2009 · Leave a Comment

Performance: Trading Value: Ease of Use: Customer Service: xForex has a rather interesting interface and they are a platform that does not require any downloads your computer. Many people find this to be rather refreshing. They also boast some of the best customer service that is available in any platform, including 24-hour support chat on their Internet website and availability, five days per week, 24 hours a day. We tried out their Internet chat support and unfortunately, the JavaScript crashed before we were able to get in touch with anybody. One of the claims that they... [Read the full story]

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How You Can Trade Multiple Positions by Applying Money Management

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Risk to Reward Ratio Explained…

Risk to reward ratio is used by traders and investors to calculate the ratio of potential gain to potential loss in a Forex trade. Mathematically, this ratio is calculated by dividing the amount of the expected profit with the amount of the assumed risk. Risk to reward ratio = Risk (potential loss*)/ Reward (Potential...

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Crucial Money Management Guidelines

Money is the opposite of the weather. Nobody talks about it, but everybody does something about it” - Rebecca Johnson “Managing money requires more skill than making it.” The last phrase indicates the importance of money management in trading and this is the key skill for traders, if they intend to...

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