Forex education from LegacyFX There are multiple different techniques that go into deciphering markets. One of the most common and effective of these strategies is fundamental analysis. Fundamental analysis is simply the ability to understand why the market is moving in a certain direction. For some who see fundamental analysis as irrelevant, it is worth
The technical clue showed the way. One of the biggest debates in the financial markets resolves around bitcoin. Is it for real? What is it? Will it go back to $10,000, $20,000 and beyond? Will it crash to $0 and be deemed worthless? The fact is, I really don’t care one way or the other
It is sometimes hard to fit it in during the trading week If you did not get to see some of the education posts/videos this week, spend some time, put on your headphones and have a look: 1. What does England soccer, NBA basketball and Forex trading have in common? [embedded content] 2. Forex Trading
How to find support and resistance Being able to locate support and resistance is an essential skill for every trader no matter what his/her strategy is. The good thing is that there’s no need to get fancy. Simpler solutions work better because the strongest levels are those that are evident to the majority of traders.
You have to drill into your charts to see a clearer picture of the clues for the trend A common wonder in trading is when does a trend move end? The answer is we really don’t know. However, we can speculate by looking for clues from the price action and technical tools that might
What does ESMA’s new regulations hold in store for retail traders? ESMA has recently rolled out CFD regulations with an August 1st deadline. The most extreme measure was a complete prohibition of binary options and heavy restriction of maximum leverage available to retail CFD traders. Some sources say many brokers are looking to move operations
Down -$3.73 on the day The price of crude oil has moved sharply lower in trading today. The price settled at $70.38, down -$3.73 or about -5% on the day. The high reached $74.26. The low reached $70.02. The fall is despite a huge drawdown in inventories reported by the EIA today (-12633k vs -3788K
It is a matter of fighting the fights that you can win. One of the things many retail traders complain about is the influence of algorithmic (or algo) traders on the market and their trading. As is typical with retail traders, the algos always seem to hurt them. They always are responsible for losses. Most