Trading the foreign exchange market (FOREX) can be so rewarding and at the same time detrimental if not done according to set rules.An unruly person can find his way to success in any field of endeavor, but when it comes to forex trading, its a differentball game entirely. Trading successfully is 99.99% impossible without some […]
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Chart Forecast: AUDCAD Showing Some Bullish Momentum (1)
Price has been trending to the upside right from the 21st of March, The buying momentum has been very strong after price hit a support @0.80700 and breaking out of a descending channel. Price broke out from descending channel and currently making its bullish corrective structure which we are going to be waiting for a breakout to […]
Chart Forecast: CADJPY Selling Opportunity Spotted
Price on the weekly chart has been trending to the downside for some period. Looking at the chart price could possibly move down back to the support level before breaking to the upside. Also noting that we are on a downtrending market so we look for more selling opportunities on the lower timeframe The 4 Hours […]
90-90-90 TRADING SLOGAN
THE 90-90-90 SLOGAN The 90-90-90 Slogan is now frequently used in the FOREX INDUSTRY. It has become the daily speech of most traders and it has really capture the mindset of many beginners, average, even the mindset of the so-called professional traders. WHAT IS 90-90-90 SLOGAN? It’s a belief system that is ruling the minds […]
Chart Forecast: Last Week Trading Result & Forecast (Forex Trading)
I want to give thanks to all our subscribers following us on our website. We had quite some pairs on our watchlist last week which we posted on the site majorly the EUR & GBP pairs. I will list out some of the pairs which we had on our watchlist and give you guys updates […]
Chart Forecast: GBPUSD 4 Hours Projection
GBPUSD hits a resistance structure and we expecting price dropping. Having a forex reversal pattern at the resistance level add up to the confluences targeting the support of the ascending channel formation
Chart Forecast: AUDNZD 4 Hours Chart Projection
Price moving within the Ascending structure on Daily timeframe and a smaller structure was just broken out on the 4 hours chart. Anticipating more selling opportunities to the downside forex
What Is a Lot In Forex Trading
Forex pairs are traded in lots. Having good money management is aside a strategy one needs to understand in order to know the right lots to use on every trade. Whether you’re making a practice trade or trading live, as it helps you understand the amount you would like to risk. Trading lot size directly impacts […]
USING THE RIGHT LOT SIZES WHILE TRADING
It is imperative to understand that the FOREX TRADING environment is a boundary-less environment and it offers you unlimited access to trading decisions. It is of utmost importance to surround ourselves with some set of rules which could help in guiding our steps in this boundary-less environment we are exposed to as Forex traders. Setting […]
Chart Forecast: USDCHF Potential Buying Opportunities
Date: Aug 19th- 2020 Price approach our weekly support level which has been moving on a ranging/consolidated market. Moving down lower to Forex Daily Chart. We could spot out two major descending channel. The first one which is the main channel drawn on our chart and the second one is the smaller channel drawn inside […]