Daily Forex Review Hello, it’s Wednesday, July 20, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar fell against most of the major currencies as President Barack Obama endorsed a $3.7 trillion debt-cutting plan that would combine tax increases and spending cuts, saying it could end a congressional deadlock over [...]
Hello, it’s Thursday, July 13, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar fell against most of the major currencies due to the FOMC Meeting Minutes, in which members pointed out that if economic growth becomes too slow more stimulus would be needed. Stock Markets closed negative for the [...]
Hello, it’s Monday, July 11, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar traded mixed against most of the major currencies due to a decline in risk appetite among investors and negative economic data. The Non-Farm Payrolls grew at their slowest pace in nine months as unemployment rate rose [...]
Hello, it’s Thursday, July 22, 2010, and I’m Martin Smith with the daily forex outlook from UFX Bank. The Dollar strengthened versus most majors after Federal Reserve Chairman Ben Bernanke said the economic outlook in the U.S., the nation’s largest trading partner, is “unusually uncertain.”, leading investors to sell risky assets and to buy the [...]
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 [...]
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 [...]