Hello, it’s Tuesday, July 12, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar strengthened against most of the major currencies as stocks and commodities slumped. Stock Markets closed negative for the second day as the Dow fell by 1.20% and the NASDAQ lost 2.00%. Crude oil dropped to its [...]
Just as a chandelier hangs down from the ceiling, the Chandelier exit utilizes the high points of previous forex trading days as stop points. The distance of the exit is calculated from the high point to the trailing stop, but the value of the trailing stop can increase as new “highs” are reached during the [...]
trend continuation patterns offer an insight on the probability of continuing chart graphs. If a trader knows how these trends behave, they can predict future plans of attack.
So you’ve finally completed a review of basic forex trading terms and strategies. You already understand how to read charts. You might even have a company providing you with signals to buy or sell. The only problem is deciding when you should exactly buy and sell currency? In this article, we will discuss how traders [...]
This article explains why the USD can still devaluate. How the different events that are occurring in the US may affect their currency.
This article explains how the trading with interest rates in forex works and how you can or cannot profit from it.