Welcome to Forex Trading Guide
Day Forex Trading Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
How does technical analysis work?
from:Technical analysis of currency movements is now, more than ever, part of the Forex market. As time has passed, different ways of collecting and displaying data have arisen. These differing ways can be taken in isolation to either create or back up a strategy, or can be combined in order to read how the market has arrived at its present point, and how it is likely to move forward. This enables more confident predictions and sounder investments. As time goes on, more data is collected and trends are reinforced. The awareness of a trend allows a more realistic understanding of the market. For someone just starting as a Forex trader, this kind of data is all-important.
One method of technical analysis is looking at diagrams and graphs. Taken over a period of time, this allows us to define and explain a pattern. One of the most popular styles of graph is the “Candlestick pattern”, which tells at a glance for any given day where the price was at the start of a period, at the end of the same period, and its highs and lows in the intervening time. Thus you can see at a glance if a currency is genuinely rising fast or slow, or falling at the same rate. The use of Fibonacci figures is another popular analytical tool. It looks at certain points in the rise or fall of a market and – with incredible regularity – predicts when it will stabilise or “retrace” (this means reversing its trend).
Day Forex Trading News
Forex Trading Volume Drops for First Time Since 2009 - Wall Street Journal
Forex Trading Volume Drops for First Time Since 2009 Wall Street Journal Swap volumes fell 8% in the four regions between April and October, to $1.368 trillion a day, with the UK and Australia seeing the steepest declines. By comparison, spot currency trading was up more than 9%. "There was fear of counterparty risk," said ... |
WORLD FOREX: Euro Under Pressure After Surprise RBA Decision - Wall Street Journal
 Trading Point | WORLD FOREX: Euro Under Pressure After Surprise RBA Decision Wall Street Journal By Alexander Martin Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--The euro was under pressure against the dollar and yen during Asian trading Tuesday as a surprise decision by the Reserve Bank of Australia to keep its rates unchanged and prolonged ... FOREX-Euro supported by Greek hopes, Aussie buoyed by RBA FOREX-Euro softer on Greece; Aussie jumps after RBA surprise Markets stabilize though Greek fears linger |
How Traders Boost Forex Trading Vocabulary with Vantage FX UK - MarketWatch (press release)
How Traders Boost Forex Trading Vocabulary with Vantage FX UK MarketWatch (press release) As well as the glossary, Vantage FX UK provides traders with a comprehensive education service including a 30-day MetaTrader 4 demo account, an exclusive Expert Advisor Test Lab and daily currency market insights. Trading derivatives and Forex carries ... |
Japan Confirms 'Stealth' Forex Intervention - NASDAQ
 Moneycontrol.com | Japan Confirms 'Stealth' Forex Intervention NASDAQ The ministry sold Y8.072 trillion on Oct. 31, and Y1.019 trillion in the four days afterward, the data showed. The outcome was roughly in line with market expectations that the ministry was covertly active in the market for around a week after the ... Tuesday Forex Surprises Japan's stealth forex interventions sold 1.02 tril. yen in Nov. Japan Intervenes 5 Times in Forex Market in Q4 |
Stock indexes struggle between support, resistance - Futures Magazine
Stock indexes struggle between support, resistance Futures Magazine The forex market offered more to market participants throughout the morning than the indices overall and was one of the best outlets for intraday traders for the day, but forex action died down after 13:00 ET. The Dow Jones Industrial Average ($DJI) ... |
EMERGING MARKETS-Latam FX slips, Brazil wades into spot market - Reuters
EMERGING MARKETS-Latam FX slips, Brazil wades into spot market Reuters * Brazil revives intervention in dollar spot market * Greece jitters hit region after 5 week rally * Brazil real off 0.56 pct, Mexico peso down 0.13 pct By Michael O'Boyle MEXICO CITY, Feb 6 (Reuters) - Latin American currencies slipped on Monday due ... |
Forex: EUR/USD again closes NY in 1.3130/40 zone - NASDAQ
Forex: EUR/USD again closes NY in 1.3130/40 zone NASDAQ However, late in the trading day, the common currency recovered earlier losses to end trading in New York in the 1.3130/40 price zone for a third successive day. "One catalyst for the rally was comments by Merkel that she would not accept a Greek ... |