A wonderful winter day everyone, is the snow falling where you are or do you enjoy sandy beaches? Bitcoin has stopped falling and currently enjoys a solid increase in bullish momentum. Price action completed a breakout above its horizontal support area today and short-covering can push this cryptocurrency back above the $4,000 level rather quick. I am currently watching the $4,384.74 level to be exact which represents the intra-day high recorded on November 29th 2018. This is a very crucial level as a sustained move above it can extend this...
All price movement in Forex comes from bulls (buyers) and bears (sellers). When a currency pair moves up it is because there are more bulls than bears and vice versa. The Forex Market (and any market for that matter) is in a constant state of struggle between bulls and bears. Price action trading is about analyzing who currently controls price, bulls or bears and if they are likely to stay in control. If your analysis shows that bulls are in control and that they are likely to stay in control, then you can buy. If it shows that bears are in...
The Federal Open Market Committee (FOMC), the part of the US Federal Reserve which decides on interest rates, will meet for the final time today and announce their interest rates decision tomorrow. It is widely expected that the Fed will increase interest rates by 25 basis points and a few weeks ago this meeting would have been a non-event. The situation has drastically changed as the Fed has to pick between a rock and a hard place, no matter how they decide it is likely to have a negative impact on the US Dollar. US economic prospects are...
The possibility of hedging through Forex trading has always aroused the interest of a wide variety of traders, both more experienced and just beginners. It is known that all sorts of hedging strategies are often practiced by many institutional Forex participants: • subjects of foreign economic activity; • investment funds; • financial companies; • banks. This circumstance, in turn, causes the fact that hedging is becoming very popular with private Internet traders who make Forex transactions “remotely” through Forex brokers who provide...
Hello, I’m Christopher and I have been trading forex for over 15 years. I have to thank my first boss for nudging me into trading it really changed my life. Don’t get me wrong here, my first boss was terrible and I hated him. We all did. I think I have never worked for a more over-educated and misinformed individual in my life. He never let you forget that he had three master degrees and that we all were beneath him. I loved my job and still do, but going to work for him was the misery of my day. So why do I thank him for getting me started...
