Forex pivots are a fantastic way to predict the future movements of a forex currency pair. There are several ways to widely exploit pivot points to minimize your risk while trading the forex market and to willingly improve you in your trading decisions.You can use the daily pivots to access where the global trade is heading, always keep an eye on them during your daily trading.
If price breaks through one of the daily pivots you can expect a retrace back to the closest support/resistance or back to the pivot point it has just broken though. These retrace are exceptional places to get into the business with the intraday trend if you catch them early in the transaction session. (more…)
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If there is one story recommend any trader previously shows it’s the report of “the turtles” - this group of traders learned how to trade in just 14 days and went on to make millions and the manner they did may surprise you. First let’s go through the history of the turtle story. In 1983 Legendary trade Richard Dennis decided to prove that anyone could learn to trade. He then picked a diverse group of men to prove his point. They included an impersonator, a security card a boy fresh out of school and an auditor, to name but a few. (more…)
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Most of the forex traders look to trade scientifically using the overall assumptions of Gann, Elliot and Fibonacci to name but a few - which is best though and how do these theories work? Let’s find out. Scientific theories postulate that as human nature is constant. What has happened in the past will happen again and repeat itself in the future and all you need to do is trade these repetitive patterns - It’s really the contractual reason upon which technical analysis is based. (more…)
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The market The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all. (more…)
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Disclaimer: Forex trading carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency Exchange trading.
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