One of the secrets to investing is learning your own trading method(s) that work for you. There is no correct approach that everyone should learn. Part of that process is assessing how much risk you can comfortably handle. It is the single most important...
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In recent years pivot points have become a very well known and widely used technical analysis tool. To understanding pivot point levels you need to understand the ideas behind support and resistance. Support and resistance levels give traders a visual...
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When trading intraday breakouts, or when engaging in any type of trading for that matter, it is important for the trader to use every type of advantage possible. In all forms of trading, no matter if the vehicle is the equity, futures, or the forex market, there are...
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The three basic concerns of Gann theory are pattern, price and time. By "pattern" Gann meant identifiable and recurrent price formations in charts of stocks and commodities. Gann taught that these patterns could be recognized time and again, and could be...
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We all hear diversification is the best policy for an overall investment portfolio. This is also true amongst our currency focused investments as well. We must master the use of multiple trading strategies and multiple currency pairs to equalize our overall return...
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Get up-to-date and actionable forex trading ideas for the upcoming trading session from Raghee Horner. Raghee explains in detail how to set up the trade, why she believes it's a move to watch-and even better, follows up on the results.
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"Technical analysis" sounds much more complicated than the actual process is. It could be referred to as "price analysis", as this might be a more accurate description. Through the use of charted data, traders around the world analyze their market of...
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"Charting" is essentially the most basic expression of technical analysis. There are many different charting styles and methods. We will cover three of the basics: line charts, bar charts, and candlestick charts...
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Most literature written on technical analysis, more specifically technical indicators, begins with Moving Averages. As its name would suggest a moving average calculates an average of price range over a specified period. For example, a 10 day moving...
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The Moving Average Convergence / Divergence is a technical indicator that illustrates the difference between a fast and a slow exponential moving average (EMA), usually 12 day EMA and a 26 day EMA with a 9 day EMA used as a trigger line. The 12 day EMA...
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Double Tops & Double Bottoms Double Tops provide technical traders with an indication of a beginning downward trend. Double Tops occur when a new high is plotted, raising the resistance level. The price then retraces and declines, only to rise...
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Fundamental analysis is the study of the core underlying elements that influence the economy of a particular currency. This method of study attempts to predict price action and market trends by analyzing economic indicators, government policy and societal...
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The US Dollar has maintained a vital presence on the world stage for nearly a century. Most major governments maintain some of their currency reserves held in USD, this means the ripple effect of inflation and other valuation issues connected to the US...
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The British Pound is third only to the US and the Euro in terms of the currency reserves held in GBP around the globe. The Bank of England has been operating since the late 1600s, but wasn't nationalized until the mid 1900s. The Bank of England is...
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The Japanese GDP (Gross Domestic Product) generally ranks among the top 3 – 4 globally. Their currency, the Yen, is the primary Asian representative in the off exchange retail foreign currency market. The Bank of Japan is the stabilizing force behind the...
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The Euro finds itself in an interesting position globally. Because the Euro is used by many countries across Europe its global economic impact is substantial. Listed in alphabetical order the Euro is the official currency of the following countries: Austria...
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The Swiss economy is largely impacted by the activity of the Swiss National Bank and its active participation in the forex process. Since the US's abandonment of the gold standard in 1971 it has been the policy of the Swiss National Bank to actively push the...
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The Australian economy has gathered strength globally in recent decades, particularly since the late 1960s when the Australian Dollar became the official currency of the Commonwealth of Australia. The Aussie Dollar, as it is commonly referred to, is...
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The Canadian economy is largely dependent upon the Bank of Canada, as its primary responsibility is to govern the stability of the Canadian Dollar. The Bank of Canada is responsible for determining Canada's monetary policy, which is key to the positioning...
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The New Zealand Dollar, often know as the 'kiwi dollar' has been the official currency of New Zealand since 1967 when it replaced the New Zealand Pound. The Reserve Bank of New Zealand is completely government operated and owned, making it unique in...
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The central bank (also sometimes referred to as the reserve bank or monetary authority) is the entity responsible for the monetary policy of a country or of a group of member states. Its primary responsibility is to maintain the stability of the national...
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One of the keys to understanding global economics can perhaps be found within the core economic indicators that drive market sentiment. Often, these indicators are not exclusive to the US economy. Many economic indicators are used by multiple...
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The Census Bureau of the U.S. Department of Commerce releases the Advance Monthly Sales for Retail Trade and Food Services report, aka the retail sales report, about two weeks after the end of the record month at 8:30 am ET. The report presents...
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When the price of goods and services rise it is called inflation. Certain levels of inflation in the economy is considered normal and healthy. In contrast, accelerating inflation can cause severe problems, sometimes sparking recession. The Consumer Price Index...
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Many different surveys of consumer confidence and sentiment exist. Some research institutions and investment firms have even created their own. Among the best known are the Conference Board's Consumer Confidence Index and the University of...
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Most major economies around the globe collect and measure very similar forms of economic data. A trader should understand which economic indicators carry the most weight, in terms of potential to impact the market. Many economic indicators are...
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GDP is the broadest, most comprehensive barometer of a country's overall economic condition. Sum of all the market values of all final goods and services produced in a country (domestically) during a specific period using that country's resources...
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Compiled by the Conference Board and published in its monthly Business Cycle Indicators report. Released to public at 10:00 am ET four to five weeks after the end of the record month. www.conference-board.org has historical data and explanations of...
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The Industrial Production and Capacity Utilization report is assembled and released around the fifteenth of each month by the Board of Governors of the Federal Reserve System. It presents the data on the output of the nation's manufacturing, mining, and...
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The Purchasing Managers' Index (PMI) has been called Alan Greenspan's (former Federal Reserve chairman) Desert Island Statistic – the one he would need to conduct policy if he were stranded on a desert island and only had access to one economic...
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The Manufacturers' Shipments, Inventories, and Orders, or M3, survey is one of the most respected economic indicators. Published monthly by the U.S. Department of Commerce's Census Bureau, the report measures current activity and future...
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Business inventories are "waiting room" goods – products that have been manufactured, processed, or mined that have not yet been sold to the final user. As such, they are a key component of the GDP calculation. GDP is the total amount of...
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The American Dream of home ownership is one of the primary drivers of the US economy. Housing activity affects the investment (I) component of the aggregate expenditure formula for calculating gross domestic product: C I G (X-M)...
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The monthly Personal Income and Outlays report is produced by the Bureau of Economic Analysis and contains great detail on income related measures as well as spending data for almost every imaginable good and service. The Personal Income...
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An important economic indicator in terms of market and price impact is the monthly Employment Situation published by the Bureau of Labor Statistics (BLS). It has been said that no other report has the potential to move the forex market like employment...
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Variables – An Overview: There are different variable types. The most common and the ones we care about are "Strings", "Integers", "Doubles", "Booleans". A string variable is used for text usually. For example, to ask the user for his or her first name. A Boolean...
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A list of terms and definitions that are common in the forex market including Base Currency, Bearish, Bullish, Central bank, Chart Patterns, Consolidation, EMA, Exchange Rate, Fibonacci Levels, Indicators, Intra-day Trader, Inter-day Trader, etc.
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The forex interbank market has been around for many decades. Robert A. Green founded Green & Company CPAs in 1983 to handle the special tax and accounting needs of several leading professional forex traders and interbank brokers...
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Join us each Monday, where our friendly Customer Service team will provide you with more information about us and why we believe our customers trade with us.
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Each Tuesday, We'll assist you in getting started with your demo account by giving you a quick overview of MetaTrader4. We'll also review key points you will want to consider when putting together your trading plan.
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Whether you're a novice trader or come to us with little or no experience, we have something for you available through our weekly webinar series. Each Wednesday we combine the power of Candlesticks & Pivots, giving you that added edge.
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Every Thursday, we relay the many benefits of using Patterns and Power Stats—and how these two powerful tools can simplify your trading.
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Looking for the cutting edge in Forex education? We are proud to offer a monthly webinar series featuring Forex professional Raghee Horner. Raghee will cover topics ranging from charting basics, patterns and indicators, trade management, intraday...
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