The US dollars did not respond greatly to the decision of the Federal reserve in leaving interest rates unchanged. It was not a big disappointment for traders as a lot of us are not expecting interest rates hike until the end of this year.

News trading discussion - continuation

For some time the disagreement between Iran and Saudi Arabia has been stalling arrangements by the OPEC and non-OPEC producers to come to an agreement to freeze oil production. We are just hopeful that the meeting in Vienna this month end by OPEC ...

Oil and Natural Gas

For now focus is less on the prospects of the Fed increasing interest rates. Major attention is on the US elections as fears are rising that Donald Trump would eventually win.

News trading discussion - continuation

Oil prices have been unsteady for some time.This majorly boils down to fears of oversupply of oil. But should ongoing talks by the OPEC arrive successfully at cutting production, we may see stability in oil prices.

Trading Crude Oil with price action + indicator

High leverages demand heavy experience to handle the negative sides that come with it. For new traders, 1: 10 is cool enough.

Is high leverage really bad for you?

Low Japanese bond yields are pushing the USDJPY up. Although the FBI declaring to probe the Clinton's use of private server for her emails is pulling down.

USD/JPY Discussion

Quite a nice choice of music. Enya can really be calming when you have those heavy volatility and whipsaw moments with prices tilting towards your stop loss.

What kind of music you hear while you trade?

Well, the dollar index is kind of predictable and quite less special. It is strictly related with the US dollar. So when the US consumer confidence comes out very positive; expect the dollar index to rise up too as the US dollar will surely ...

Price action trading - Trade like the pros!

The Japanese yen is surprisingly still making gains despite the big attempts the Japanese central is making to curb the gains of the yen. But it has not really been successful as Japan aims for a strict inflation target.

USD/JPY Trading Room

One simple system to trade is the trading with moving averages. Most times I trade intersection of the moving averages. One with a shorter period and one with a longer period.

Trading Made Simple

I really like the Elliot wave trading. It may seem complex but if you take your time to understand it, it is a big step forward in making profits. Especially the rule that governs how the waves cut themselves.

Elliott Wave Trading

The dollar is on a high rise, thus the EURUSD seems to be weakening. Hawkish comments from Fed Officals like the New York Fed president have been largely supportive of interest rates hike by December.

EURUSD

I kind of have preference for shorter timeframes just as many day traders would do. I feel a chart like the EURUSD H1 would respond to the market quicker and would give me more trading opportunities. So I could simply map out two exponential moving ...

A Basic Guide On How To Read and Trade The Markets

Let me quickly add one fallacy as regards technical analysis that most traders fall victim to especially our new traders in the forex. Many new traders feel the more complicated a trading strategy is what makes it more effective. So when they see ...

Technical Analysis Fallacy