Trading Trends In Forex

Following trends is something that every trader ought to know. This means that the trader ought to know exactly what the market is leaning towards and what goods or services to offer at what point. In the forex forex market, the idea behind following the trend is more or less similar. The idea behind trending is that you anticipate the direction that the market is bound to take and look to make money in the event of such a movement. In essence,...

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Pipjet Review-Is It The Best Automated Forex Trading System?

If you have been trying to figure out which Forex trading system is going to be the best one to use, you have probably been overwhelmed with the number of different options that you have to choose from. There are literally hundreds of different Forex robots floating around on the internet and they all claim to be the best Forex trading system available. While this is going to be purely based on a matter of opinion, there is one solution currently...

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USD/JPY

Fundamental: Last week, the US Fed finally announced that the new round of quantitative easing would occur and put a downward pressure on the US Dollar. The USD will continue to face downward pressure for the next few weeks, as the US prints more and more money. However, Japan made its own announcement recently and they will counter the appreciating effect QE3 has on the Yen. Therefore, the USD/JPY pair had a brief free fall and has appreciated...

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USD/CHF

Fundamental: The biggest news this month was the Fed announcing a new round of quantitative easing. This has put a downward pressure on the US Dollar, which is expected to depreciate for the next few weeks. The main question for traders is whether the CHF will appreciate or depreciate, which will decide the fate for the pair. On Tuesday US will release its CPI Inflation numbers, which traders should look out for. Apart from that, they need...

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GBP/USD

Fundamental: On Thursday Ben Bernanke announced that the third round of Quantitative Easing would begin, causing the dollar to free fall for a short amount of time. Since investors were already expecting this move, USD had been falling throughout the month. Nevertheless, QE3 will put a downward pressure on USD and should cause GBP/USD to appreciate, all else being constant. On Tuesday the US will its CPI Inflation data, which will be crucial...

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EUR/USD

Fundamental: The most important news for the foreign exchange market came before the weekend, when Ben Bernanke officially announced a new round of quantitative easing. The US Dollar fell till the weekend, and has recently begun a rally. QE3 is going to push the USD downwards during the new few months, so the direction of pairs will mostly depend on whether other currencies are depreciating as well or going in the other direction. The...

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Trade Like A Sniper The Way to Success

In forex trading, being a sniper is usually more preferred when compared to other types of strategies like machine gunners and the kind. Maybe I should start by helping you understand exactly what I mean by being a sniper.  The use of this analogy stems from the word sniper in the military. A sniper is often hidden in the bushes, typically far away. The sniper is rarely seen in operation; however, the effects of his or her work...

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Growing Your Forex Trading Account

Growing your trading account from a small account to a large account in the forex market is harrowing task. However, with the proper practices, this process, though slow, can be very fulfilling in the long run. In this article we seek to look at some of the things that you ought to put in mind if you are to grow your trading account in the forex market. The first rule and one of the most important things to put in mind is that while...

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How To Handle Indecision At The Forex Market

Do you have a problem pulling the trigger in the forex market? Do you know where the problem arises? How can you sort the problem of being gun shy in the forex market? These are only some of the questions that are normally asked with regard to pulling the trigger on trades. Most often, a trader sees an opportunity presenting itself. They look at the opportunity and it is one to die for; however, they hesitate and watch the opportunity roll away....

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How to Trade the Pin Bar – MACD Strategy

The pin bar – MACD strategy involves using candlesticks (or OHLC bars) and the MACD indicator to form a simple trading method. This system is best used in 4-hour charts – and if used correctly – should provide simple profits. But before we go through the strategy, learning how candlesticks work is essential. Candlesticks contain data on open, high, low, and close values for each...

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USD/JPY Technical Analysis

On Friday all eyes were on Bernanke as it was thought that he would lay some ground for the FOMC meeting and decision on 13th September.Although it was said that action was necessary to facilitate the labour markets,traders were still unsure whether QE3 was coming or not.This week we won’t see quantitative easing affecting our charts. The Japanese Yen has been strengthening and has recently caught the eyes of the Bank of Japan and Ministry...

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USD/CHF Technical Analysis

Fundamental: The price of USD is still uncertain as Ben Bernanke’s announcement on the 31st did little to confirm QE3.Therefore,this week won’t be affected by these measures. Nevertheless,USD is moving downwards since the past month,but may stay towards the upper side of the bearish channel. Technical: The 2H chart shows the current bearish channel USD/CHF is in. A regression analysis since the 25th of July shows that the price...

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GBP/USD Technical Analysis

Fundamental: Those who were tuned in for Ben Bernanke’s Jackson Hole speech would be left disappointed as the Fed did not commit to QE3. There is uncertainty in the market whether quantitative easing will occur or not,nevertheless,it should not affect this week’s outlook. USD has been declining since the past month,however,it is likely to remain on the upper side of the bearish channel it is currently in. A breakout from the upper channel...

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EUR/USD Technical Analysis

Fundamental: The most important news for the pair was Ben Bernanke’s speech at Jackson Hole on the 31st. The central bank still hasn’t clearly announced that the next round of Quantitative Easing will occur, and the conference suggested that it will stay on the side lines for the time being. QE depreciates the USD and appreciates the pairs, so a serious decline in the dollar is still away. The chart above shows the USD with regression...

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