Welcome back everyone to my weekly update on the cryptocurrency market and on my Bitcoin - Forex Combo Strategy. We had a very solid start to 2019 as far as fundamental developments are concerned, but as you all know the price of many cryptocurrencies did not follow through. Not yet that is. As Bitcoin is approaching the lows its bear market, volume has spiked in many local markets. This suggests that traders are preparing their wallets for what may come next. It is entirely possible that we will slide down to the lows, but what will happen...
Fourth-quarter earnings season is under way and forex traders should take note from the developments there as we are currently in a downward spiral for the US Dollar. When companies report earnings which disappoint investors, they usually blame the results on bad weather and currency price movements. Quite a few fingers are already being pointed at the Polar Vortex which clocked in at record temperatures. It remains to be seen how much will be blamed at this weather phenomenon, but one theme which is already in play is the US Dollar as many...
Hello everyone, I am glad that you all joined me for my Forex Patience Strategy. I am Steve and a full-time forex portfolio manager for over six years now. Before that I was working as a math teacher and I was a part-time forex traders for almost ten years. I will skip through all the talk about what it takes to be a successful forex traders. I believe there are plenty of great articles written on the topic and most of you may already be familiar with them. I also don’t believe there is one right way to trade forex profitably and that each...
Every Forex trader is aware of the steady growth in popularity of so-called trading robots, or systems for automated Forex trading. An automated trading system that would make your trading successful is rather difficult to find, although there is an excessive variety of trading robots on the market. The profitability of trading by different participants in the international currency market Forex is perceived differently: one trader will be satisfied with the amount of earnings of 50 USD per week, and this will not be enough for another. There...
Technical analysis focuses exclusively on charts as well as past price behaviors. When using this method to forecast the forex market, traders will frequently integrate indicators as well as tools to make a decision. Moreover, traders will likely to attempt to expect future price movements with seeing past price pattern instead of seeing the outside world. Technical analysis – relies solely on historical price action and computed indicators to forecast future exchange rates. Besides price action, a number of other related indicators...
