Technical Analysis
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Tuesday, November 27th, 2007by Mark McRae On a recent lecture on trading I asked one of the audience whom I knew traded spot forex where the trend was for the Euro/Dollar this week. He immediately replied that the trend was up. I then asked how he knew the trend was up for all the traders who trade the [...]
Pre-market Traps
Tuesday, November 27th, 2007The premarket game starts around 8:30am (EST) and lasts until 9:29am (EST) (on Nasdaq). Early in the session, MMs (marker makers) will start to gap their inside bid prices subjective to news or sector strength. We have constantly seen the premarket gap and traps take in many amateur traders. The rule of thumb here is [...]
5 Questions You Need To Have Answered Before You Back-Test Your Forex System
Tuesday, November 27th, 2007by Ryan Sheehy As 90-95% of new forex traders lose money within the first 3-6 months this article helps to guide new forex traders by asking 5 questions that the forex trader needs to know prior to back-testing their forex system. Let us jump right in… 1. What data type are you using (or going [...]
How To Use Volume To Determine Trends
Tuesday, November 27th, 2007by Tim Bourquin Day traders often find themselves overwhelmed with complex technical indicators, moving averages and complex algorithms. However, sometimes it helps to step back and get back to basics. One of those basic indicators is volume (the number of shares bought and sold in any given day). Not long ago, a hundred million share [...]
Fibonacci Trading
Monday, November 19th, 2007We are indeed fortunate in this lesson to have Neal Hughes give some of his time and explain some of the basics of Fibonacci trading. Neal has taught Fibonacci trading methods for many years to private clients and small groups. Neal is well versed in all aspects of technical analysis. He is also an accomplished [...]
Common Forex Symbols
Friday, November 16th, 2007by Neal Hughes For your convenience, here is a list of the common symbols used by FOREX traders. The top six are the most often used charts, though that can vary geographically. Symbol Currencies USD/CAD US Dollar / Canadian Dollar USD/CHF US Dollar / Swiss Franc USD/JPY US Dollar / Japanese Yen EUR/USD Euro / US [...]
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