Archive for 2016

  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    GBPUSD BREAKEVEN

    I was hoping the price would rise up to my intended entry target of 1.26543. This would be directly under…

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  • Traders came up with a number of different ways to invest or speculate in currencies.

    USDCAD BREAKEVEN

    The overall momentum on the 4 hour chart was down, but I believe in trades need to come back into…

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  • USDJPY PROFIT

    I missed the earlier signal, for this reason my charts were not lining up correctly. I took the trade against…

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  • With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

    GBPUSD BREAKEVEN

    My charts were not fully lined up. RSI on 5 min was not perfectly setup. I…

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  • EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

    EURUSD LOSS

    I got in the trade earlier than my RSI indicating. Sometimes we just fall into the trap of trying to…

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  • USD to CHF currency chart. XE's free live currency conversion chart for US Dollar to Swiss Franc allows you to pair exchange rate history for up to 10 years.

    USDCHF PROFIT

    The charts were lining upto 1 hr, so, this was a cautious trade. I needed to keep an eye on…

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  • USDJPY LOSS

    I lost again on USDJPY. All charts line up correctly. My setup was fine. It just did not work out.…

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  • The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

    GBPUSD PROFIT

    It is good to be back on the winning side. Initially I could not find a support to trade off.…

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  • Majority of trades are successful and yet traders are losing. ... In this article, we look at the biggest mistake that forex traders make, and a way to trade appropriately. Why Does the Average Forex Trader Lose Money?

    USDCAD BREAKEVEN

    I tried to let $usdcad ride, but I did not want to hold for a loss. My recent trade losses,…

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  • GBPUSD LOSS

    In retrospect, I should never have entered the trade. I was chasing a trade, and I got caught out again.…

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