Forex Videos

In this video, we will look at life as a trader. Why we chose this profession. No idea. There is no time involved about when to eat, sleep, or work. This is a job of money game played again and again. Why we put ourselves into a risky situation. No idea. There are many sleepless nights involved. The world says it is based on pure luck. The world […]

In technical analysis, trendlines are the basic tool to located support and resistance levels. There are 4 basic types of trendlines. Up or down trendlines Channels, which are comprised of two parallel lines that captures price movements, when price is rising, falling, or remains flat. Moving Averages Bollinger Bands, a variation on MAs. Trendlines are subjective. Trendlines show the view of an overall trend, either uptrend or downtrend. Without […]

Hi, It's John again. This is part 3 of the series, explaining you how forex changed my lifestyle. In this video, I will explain you what role leverage plays in forex trading with an example. Assume I have 1,000 pounds in my account. The exchange rate is 1.25. It means I can buy 1 euro and 25 cents with for every pound I have in hand. So, I get 1,250 euros for the 1000 […]

The currencies which are opponents of the US dollar are expected to end this trading week with a bullish sentiment. The EUR/USD pair approached the 3-month high and trading at the level of 1.18. It is expected that the pair will break above the level of 1.18 today. The Markit Economics released a report for the Eurozone Composite PMI, which came less than expected, at 54,2 points. Besides, this result did not match the expectations […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the September 21st session. Bitcoin/USD — The technical analysis for this chart has not changed for the last few weeks. As you can see, we have a descending triangle pattern here. We are waiting for the bitcoin to breakout in either direction. However, the catalyst is not there yet. From 6,000 to 5,800 is the support zone. A break below this zone will […]

Market participants are going through indecision with the lack of strong fundamentals. We can see a triangle pattern in the EUR/USD pair. It has supported located at 1.1659. The resistance levels are 1.1732, 1.1759, and 1.1875. The resistance levels are 1.1659, 1.1609, and 1.1566. The USD/JPY pair is nearing the lower end of the bullish price channel and is expected to breakdown to the downside. The resistance levels are 112.57, 113.13, and 114.18. The support levels […]

This is part 2 of the series. After I understood what forex is, I quit my job, and started trading forex. Then it became possible for me to live a lifestyle that I wanted to. Forex is not at all complex, but simple. When you have travelled abroad and when you had to exchange your currency for the US dollars, then you have done a foreign exchange transaction. However, it is […]

Risk management is the key element in forex trading that divides between winners and losers. In the absence of risk management, even a good forex trading strategy will fail. Risk management comes in the form of limiting your lot size, using stop-loss, trading during certain trading session, and hedging. A good forex trader should first learn risk management besides exploring strategies. Making profits is not important, but […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the September 20th session. Bitcoin/USD — Wednesday session saw the market do nothing. Bitcoin is expected to break out of this triangle pattern soon. The 6,000 level below looks supportive. A break below would open the door for much lower prices. Alternate scenario is to expect a break above this downtrend line and target for 10,000. Rallies that shows signs […]

The Energy Information Administration released a report on the inventories of the Crude Oil, and it changed the sentiment of the investors. In spite of that, the oil prices managed to make some gains. According to the report released, there is a decrease in the production of Crude Oil. But the data from American Petroleum Institute showed an increase. The Light Sweet Benchmark is trading at $71.45 per barrel. The Brent Crude Benchmark is trading at $79.40 per barrel. There is […]