Tokyo’s main index closes higher on the day – Session high 22,838.06 – Session low 22,682.39 ForexLive Asian shares are all buoyed today as the Fed offered little clues on stepping up their game in the tightening cycle during the Jackson Hole summit. That’s giving equity investors a reason to cheer as we begin the…
Add some news to your trading Forex trading or any type of CFD and non-derivative trading requires an immense amount data. The stereotypical image of a trader sitting in front of a six-screen array with the Wall Street Journal and the New York Times opened on their desk, exists for a reason.
Forex education from LegacyFX There are a number of different strategies that traders use to govern their actions or decision-making. One of the most effective is sentiment analysis, which reflects simply understanding the current mood of the market.
Have a glass of water (or a cherry coke) Feeling thirsty? You should probably avoid making decisions and complex mental tasks. We know that dehydration affects physical performance but a new from the Georgia Institute of Technology shows how it diminishes mental acuity as well.
Seven tips for getting the most out of the summer market It was Ella Fitzgerald who performed the song ‘Summertime’. The iconic opening lyrics are, of course, ”. Well may be easier during the summer months, but trading can often be more challenging.
Getting on the perfect wave, and riding it all the way The 100-bagger is a mythical creature in markets. It means making a single trade and earning 100 times your money. $1,000 into $100,000.
Yesterday a China foreign ministry spokesman said “The exchange rate of China’s RMB is determined by the market. There are ups and downs. It’s a two-way float”
Forex education from LegacyFX In its most basic form, technical analysis is the way that a trader times their entry into the market. Technical analysis provides a way for traders to define what their risk will be on any given trade, as well enabling them to limit that risk.
Tough resistance above. Can interim support be broken? The GBPUSD moved up to test the 200 hour MA and the 50% retracement of the move down from the July 9 high. That area now comes in at 1.3148-58 (the 200 hour MA was higher earlier). The high for the day reached 1.31577 – right under…
Forex education from LegacyFX There are multiple different techniques that go into deciphering markets. One of the most common and effective of these strategies is fundamental analysis. Fundamental analysis is simply the ability to understand why the market is moving in a certain direction.