FOREX ARTICLES
It is no secret that the recent debt crises in the PIIGS countries and the US, coupled with a crippling natural disaster in Japan, have rocked the financial markets worldwide. Forex trading may be a great way to stay afloat in a sinking market.
When you are trading Forex, you are going to come across the term “requote” sooner or later. While it isn’t all that common, it can happen and you should be aware of what it means and how to avoid them.
The Forex world is starting to see a new carry trade, albeit by default. This is because of the situation in Japan, and the fact that the nation will have to keep a free and easy monetary policy for quite some time.
Swing trading is by far one of the most popular ways to trade financial markets. But as with any type of strategy, there are both pros and cons when using it, and knowing those ahead of time can be crucial in order to decide if it is for you in the long run.
CFDs or contracts for difference is a financial instrument that allows trader to participate in various markets that aren’t normally as flexible as the Forex market, but allows them to replicate that kind of leverage and granularity. CFD trading isn't available to Americans, but the rest of the world enjoys this major advantage as there are many different solid choices to trade them.
When Forex traders place their trades, the majority of them have no idea what their final destination is as far as price. Because of this, there is a certain set of situations that dictate whether or not you may want to place a take profit order when trading Forex.
If you're confused about how one country's trouble can affect the entire Forex world, you're not alone. Read this article to see how and why Greek's troubles are affecting the Forex market.
How can you use Fibonacci levels as part of a larger chart pattern? Find out here!
Traders often hear advertisements that tout outrageous gains like 50% in one week. We start trading for a while, and suddenly will reality sets in as we understand that these gains are not sustainable. Now that reality has set in, let's take a look at how a prudent trader goes about discovering how to control their risk in the Forex market.
In this series of articles, we have so far built up a foundation of Fibonacci as applied to trading: how the Fibonacci ratios are derived, how to measure Fib Retracements and most recently how to measure Fib Extensions. This article focuses on trading withe 88.6% retracement.