Forex Videos

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 6th session. EUR/USD — The trading session was slightly bullish for the euro. The jobs numbers to be released from the US will have significant impact on this market. The market has been range bound within the 1.10 and the 1.12 level within this large downtrend, as evident from this descending price channel. To the upside, the 200-day EMA will […]

This video talks about a trading strategy of how to trade during the holidays. During the month of December, traders take break to spend their time with their families, as you have Christmas and New Year holidays. With traders and hedge fund managers moving away from the charts, it reduces the volatility in the market significantly. So, markets turn very quiet during the holidays. Market lacks volatility and price goes sideways […]

Bulls are investors who speculate on the price rise of a financial asset. They rely on a bull market or an uptrend to buy as asset. However, bears are investors who speculate on the price fall of a financial asset. They depend on a bear market or a clearly defined downtrend to sell an asset. Bulls and bears control the supply and demand in the market. For example, when a currency appreciates in value, then its demand in the market also increases, and investors look to buy […]

In this video, the Trader Guy looks at the commodity, gold for the December 6th session. EUR/USD — The Thursday session saw the market to rally a bit. The market has formed a shooting star and is trading close to the top of the descending channel. However, the 50-day EMA could offer support. With the jobs number to be released from the US, you have to wait and see its impact on this market. A candle close above the $1,500 level […]

You don't have to be trading full time by sitting in front of your computer the whole day. So, it is sufficient if you can allocate 8 hours a day for full time trading. Still, you will have plenty of time to do other things like spending your time with your family, etc. It is good to have other sources of income. It will eliminate the financial […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 5th session. Bitcoin/USD — The market rallied slightly on Wednesday session, up about 2%. However, it ran into an area of resistance. The measured objective of this descending triangle pattern comes at the $5,000 level. So, you can look for signs of weakness to sell bitcoin at the moment. Only a candle close above the $10,000 level can be considered bullish. However, […]

In this video, the Trader Guy looks at the commodity, gold for the December 5th session. Gold/USD — Gold market was slightly bullish on Wednesday session. However, as the market reached the top of this descending channel, it only showed signs of weakness from bulls. A breakdown below the $1,450 level will cause the market to look for support at the 200-day EMA. It is all based on risk-on, risk-off sentiment for this market. However, the market […]

In this video, you will learn about how to use multiple take profits in forex trading. Based on your trading strategy, you might have used some rules for entry, your stop-loss, and take-profit level to obtain a good risk to reward ratio. But, why do you need to use multiple take profits in forex trading? You can set your take-profit level at the first area of support or resistance. It […]

There are three main types of chart in forex trading.. In this video, you will learn about bar chart in forex trading. With this charting technique, price movements are represented by vertical lines. With a bar chart, you can choose different timeframes to trade. The highest point on the vertical line represents the highes price for that particular time period. The lowest point represents the lowest price for that particular […]

The headlines on trade war between the US and China has made the dollar to be bearish. Among the major currencies, the pound looks the strongest. The EUR/USD pair looks slightly bullish and the 1.10 level continues to be pivotal for this pair at the moment. The resistance levels are 1.1093, 1.1107, and 1.1140. The support levels are 1.1068, 1.1046, and 1.1043. The USD/JPY pair looks bearish and the 108.78 level looks pivotal for this pair at the moment. The resistance levels […]