Should price action for the USDCHF remain inside the 0.9650 to 0.9700 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ 0.9670 Take Profit Zone: 0.8930 – 0.9000 Stop Loss Level: 0.9800 Should price action for the USDCHF breakdown below 0.9650 the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8930 – 0.9000 Stop Loss...
Stock market and the Forex market have a number of differences between them. So today we will discover what exactly these differences between two markets are. 1. The work on the stock market starts at 9.30 in the morning and lasts until 16:00 pm (EST). Therefore, traders engaged in most of the transactions during the day, can trade only during this time frame. In contrast, the Forex market operates around the clock (except Saturday and Sunday), which allows the trader to not adapt to the market and to choose the most convenient and...
Forex traders received another dose of negative economic news out of the Eurozone during the morning trading session. Many worry that the Eurozone may enter a triple dip recession which means a third consecutive recession and pressure on the European Central Bank to act on a wider stimulus have grown over recent weeks. Today’s main focus was on the release of the Eurozone Composite PMI, Manufacturing PMI as well as the Services PMI for November. Economic data released earlier during the week out of the Eurozone surprised to the upside and...
Often the people with high incomes do not have the time to enjoy them. And those who have the time often do not have the money. You do not have to sacrifice your way of life just for earning a so-called “above average” income. If you focus on all main details of Forex trading, in a few months you will be able to turn the dream into reality and get both the time and money to do what you REALLY want. Money is received in exchange for goods or services. And such an exchange should be carried out continuously or else you will not...
Incentives of the European Central Bank are gaining momentum, but if it turns out that current efforts are not enough to accelerate the recovery in the euro area, the ECB is ready to do more, said yesterday the bank's president Mario Draghi. Growth momentum in the euro area has become weaker during the summer, but the measures taken by the ECB and the reforms in the countries of the block should still lead to a moderate recovery in the next and 2016 years, he said. "We see the initial evidence that our program of mitigate lending brings...
