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Staying Aware
from:Operating on the Forex market is a challenge for anyone. The amount of money that can be made if things are done correctly is astounding. However, a few small mistakes is all that is required for things to go badly wrong and end up costing you a significant amount. In this respect, it is important to have as broad a view of the market as possible, taking in things you know, things you suspect, and things you glean from other traders. The information that goes into setting stock and currency prices is some of the most constantly updated and comprehensive data you can find anywhere.
The thing to keep in mind about trading on any exchange market is that things can move very quickly. It is very much the fashion to take lunch at your desk if you work in the city, because leaving your seat and the figures that you can see from there could be crucial. When you get back, you could find yourself down by some considerable amount of money. The charts and graphs that you need to keep track of are constantly updating and at the first sign of a wobble in the market – which can be caused by any one of literally hundreds of factors – a trader will need to react.
However, it is also a mistake to over-react. A small correction in the market may look like a drop, and it is human nature to consider looking at bailing out of your position. This is often an error, as the situation is just as likely to right itself given time. Taking notice of all the available data is essential.
Day Trading Forex 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 By STEPHEN L. BERNARD NEW YORK—Global foreign-exchange trading volume dropped for the first time since the financial crisis, according to data released Monday by four major central banks. Average daily trading volume in October totaled $3.470 trillion ... |
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 dips on delay in Greek debt deal approval Daily Report: EUR/USD, GBP/USD, USD/JPY and AUD/USD Forex Market Review – Euro falls as Greek debt deal not reached yet |
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 ... |
Tuesday Forex Surprises - Seeking Alpha
Tuesday Forex Surprises Seeking Alpha The US dollar remains confined to recent trading ranges against the major currencies as the European session gets under way. The Asian session already had two surprises for the market. The first, that the Reserve Bank of Australia defied expectations ... Tuesday Surprises, Two Already, More to Come? |
Morning Forex Technical - Action Forex
 Best Syndication | Morning Forex Technical Action Forex Traders' sentiment remains stable on EUR/USD. For the third consecutive trading day there were no shifts observed. 47% of traders continue to stay long on the pair, while 53% of them preferred staying short on it. Leading market participants, who have ... Daily Outlook - Greece Talks Extended, Euro Holding above 1.3000, RBA Today Forex - Dollar mixed amid Greek debt uncertainty Lack of Greek Deal Sends EUR Tumbling |
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 ... |
NZD/USD: Trading the New Zealand Employment Report - DailyFX
NZD/USD: Trading the New Zealand Employment Report DailyFX Indeed, the New Zealand dollar sold off following the below-forecast print, with the NZD/USD falling back from 0.7900, but the high-yielding currency regained its footing throughout the day to close at 0.7953. To contact David, e-mail dsong@dailyfx.com ... |