Finicky traders are usually attracted to high-flown forex trading systems. In the end, they see that even a complicated system can’t enjoy long-term survival in the markets if safe position sizing and risk control measures are not included in it. The strategy discussed in this article is very simple, but powerful. Top traders have found a way of making quarterly or annualized profits using simple speculative methods. Below is one way of doing this. Trading on 5-minute Charts The Simple Moving Average period 10 is used as the...
Today, the Cyprus delegation brought to Moscow an offer to exchange shares in banks and natural gas fields of the island for the direct financial help, ignoring the open dissatisfaction of EU leaders about Cyprus’ Parliament decision not to impose a tax on bank deposits. EU is also dissatisfied about new contacts between Cyprus and Russian Federation. Western politicians think that this island state is going to change its way in order to be closer in economy with Moscow. Russian companies and banks analyze the situation in Cyprus and...
In this article, we decided to give some very practical advices and unwritten rules, developed over a long time in the environment of experienced traders of this financial market. We hope that this set of tips will be useful for all beginners. Trend is your friend Forex market always has a definite direction. It is important to understand the "mood" of the market and most of the positions should be opened in the direction of the prevailing trend. The trend is the only friend of Forex trader! Buy dips - sell the rallies This...
Forex traders have largely followed the trend and grew accustomed to positive spillover form the equity markets where traders cheered economic data regardless of how good or bad it was as towards the end of each trading session bullish traders always made the case why the data was good. Forex traders received a dose of negative economic data today out of Australia after this developed country reported its employment figures for the month of December. While most economists expected a slowdown from November’s hiring pace largely due to...
Positive Economic Data Boosted the Euro For Monday, expect the Euro to trade higher as optimism is seen in its overall economic data in which the Euro climbed 0.34% against the Greenback. With the upbeat economic data in the Euro-zone most particular in its service sector in which its purchasing managers index (PMI) posted a rise of 47.8 in December as compared to its 46.7 in its previous month, while its composite output index climbed to 47.2 in December, from its reading of 46.5 in November. Nonetheless, the consumer price index (CPI)...
