GBPUSD Analysis using channel and Williams R indicator
Hi Here is a video in my youtube channel. Trading in a sideways markets can be easy and interesting. https://youtu.be/1cmvv021ALg
Fibonacci Trading
Price Retracement Levels 0.236, 0.382, 0.500, 0.618, 0.764 Price Extension Levels 0, 0.382, 0.618, 1.000, 1.382, 1.618 Fibonacci Retracement Levels In an uptrend, the general idea is to go long the market on a retracement to a Fibonacci support level. The price retracement levels can be applied to the price bar chart of any market […]
Online trading costs
In general, a trader could incur the following costs and personal expenses: Personal expenses: Your time, trading books, lessons, personal tutor, internet costs, computer depreciation, office costs, bots, etc… Broker-based commissions, spreads and platform fees. Overnight and over weekend fees or refunds. Platform fees. Some brokers may charge a fee for using their platforms. Not very […]
To be successful in hedge trading
The correlation between different markets always changes. So we should review the charts constantly to see if the correlation changes or not. Looking at the following picture, we will notice how nicely #Gold and #BTC have been correlating during the past few months. To lern more about hedge trading please also read the following posts […]
Mental and Physical training for Forex traders
If you are a Forex trader, you probably made some choices that you regretted after. You can probably think of many examples when your thoughts or your emotions got in the way of your trading performance.Imagine these situations: You closed a position in loss and the price direction changed after. You see a movement in price […]
The importance of correlation in hedging
Definition: Knowing the definition of correlation can be very helpful in FX trading. Correlation is a mutual relationship or connection between two or more pairs. The value of a correlation coefficient ranges between -1 and 1. The greater the absolute value of the correlation coefficient, the stronger the linear relationship will be. The strongest linear relationship is indicated […]
Important events for today #GBP #EUR
Yesterdays Corney’s speech wasn’t that much interesting. Today we have 2 important events happening for GBP and one for EUR.Let’s see if these events can influence the GBP and EUR pairs. At 15:30(GMT+8)📢 EUR ECB President Draghi Speaks in Frankfurt.We can expect High volatility after Draghi’s speech At 16:30(GMT+8)👀 GBP Consumer Price Index (YoY) (APR) […]
Fundamental Events
Fundamental analysis: Fundamental analysis is an analysis base on studying the global economic news and other news events which affect financial markets.As a trader, no matter what kind of trader you are, fundamental analysis can help you on your way to success. A Fundamenta analyser knows how important is following the news and important economy-related events. If the […]
Important event 16th May 2019
Today we have these important events:Please manage your open positions carefully.AUD Unemployment Rate (APR) (9:30 GMT+8) Shows the number of employed in Australia AUD Employment Change (APR) (9:30 GMT+8)The Unemployment Rate is the most important indicator of the health of the labour market.
Today’s important event
Today we will see some price changes in #AUD pairs A most important event for today 7th of May 2019:(Australian Western estate time GMT+8) AUD RBA Cash Rate Target at 12:30 This firstly can make some changes to the cash rate flow through to other interest rates in the economy. And secondly, the changes to […]