Forex trend trading is one of the forex trading strategies which is used by many forex traders of all experience levels. When a collection of data points are plotted on a chart you may start seeing the general direction in which a currency pair is headed towards. Trend trading is widely followed because of its simplicity to identify and trade; many times strong trends can bail you out of an imperfect set of buy and sell rules. There are three types of trend: uptrends, downtrends and sideways (horizontal trends). It can be extremely...
Dynamics of the leading indicators tracked by the Organization for Economic Cooperation and Development (OECD) pointed to the continued weakening of growth in major developing countries - Brazil, China and Russia, says the latest OECD report. At the same time, developed countries as a whole and the United States and Canada in particular maintained a stable growth. In the UK, growth has stabilized at a level above the long-term trend. In the euro area, for example in Italy, indicators point to a positive change in the pace of development....
Trailing stops are a more advanced type of stop loss orders that can reduce the risk on your online forex trade as the trade progresses. It does this by adjusting itself to a more favorable rate as a trade moves in a trader’s favor. The basic function of the trailing stop is to increase your profit lock as the market moves without the need for you to intervene and adjust. This allows you to follow trends with a safety you are comfortable with and you don't have to monitor constantly. The trailing stop is more flexible than a fixed...
Oil prices go a little bit down while the United States is considering the possibility of air strikes on armed Islamist groups in Iraq. Yesterday Brent futures for August delivery fell at $ 0.40 to $ 112.54 per barrel, while WTI futures for July delivery at $ 0.42 to $ 106.48 per barrel. Last week, both standard rose by about 4 percent, but then rising prices has been stopped because the government of Iraq has strengthened the protection of oil fields and infrastructure. Over the last week, Islamist militants took control of the northern...
Anytime an individual engages in investing or trading in the forex market there are always benefits that can result from it. However, there are also risk factors that cannot be ignored as well. Speculating for the purpose of profitable gain never occurs without a certain amount of risk being attached to that speculation. Risk factors will vary from very minimal to extremely high. Currency trading is a sophisticated form of investing where one can earn a huge amount of money in a short period of time. Trading in the forex market involves...
