It’s official, the Aussie Dollar is still in a freefall. The Asian economic nightmare has hit us all to the core and the Australian economy looks set to take another step down the tubes. Will the Reserve Bank of Australia (RBA) be able to maintain a loose stance while it deals with this unprecedented economic
For many forex traders, the weekly technical US dollar forecast is a vital part of their trading strategy. The forecast gives them insight into which way the market will move in terms of strength and resistance. This is essential to your success as a trader. There are several ways you can look at the weekly
The technical analysis technique of studying candlesticks is used extensively in Forex trading. Candlesticks are the perfect way to analyze the market since there are over 20 pips in one candlestick. On the chart, every candlestick shows the opening, high, and closing price for a particular time period. For instance, if the investor set the
old Prices Has Shifting Critical Resistance As China, India and Germany Get Ready for European Union (EU) Approval of a Common Trade Program. The European Union (EU) has been pushing the global trade talks towards a free trade area. However, all this comes at a price: The EU is struggling to get enough cooperation from
Candlesticks can be used as technical analysis tools. Unlike a basic line chart, every candlestick shows four data points: The opening price, the high, the middle, and the closing price. Since you’ve only scratched the surface of what candlesticks can show, we’re going to dive into the specifics of interpreting your preferred chart. With that
Are you one of those traders who are having a hard time managing your emotions when it comes to trading Forex? Do you feel like you lose all your money when it comes to trading Foreign Exchange? If this is the case, then you should really consider yourself lucky and take note that trading Foreign
If you really want to be successful in the stock markets and make money trading them, then you need to learn about the top 10 Candlestick Patterns. These patterns are easy enough to learn and understand, yet they can be a huge help in guiding you into making wise investments. So, what exactly are these
Is the S&P 500 on the verge of a big sell off and may see higher levels on post-election stimulus hopes? Well there are a few reasons that the S&P 500 could do this and as a result, you should keep some things in mind. First and foremost, the Dow Jones Industrial Average is at
The European Central Bank has put its Stoxx 50 trading system on lock-in as part of its efforts to manage the market during a period of heightened uncertainty. A lock-in occurs when a trading system’s price action no longer changes when the market becomes volatile. The Stoxx trading system was designed by a team at
Metatrader 5, also referred to MT5, is a web based automated trading system used extensively by online foreign currency trading speculative traders. It was first developed by MetaQuotes Software and initially released in 2020. The system is now licensed for online foreign currency brokers who offer it to their customers. Metatrader is a system which