Forex Videos

To be consistent with profits in forex trading, you need a solid trading plan. Also, it needs a trading discipline to strictly follow your trading plan. It helps you to cut your losing trades fast and let the winners run. It helps you to control your emotions when you make losses. Here are the seven things you need to consider for making a trading plan. 1. Rules to enter […]

Forex trading is now available for small investors. You can trade part-time from your home using a laptop and an internet connection. You need to open a trading account with an online broker with a small capital. After the coronavirus situation, it has drawn much mnore attention from investors as a way to make money from home. If you are looking for extra income, then you can see […]

Pivot points are used to find support and resistance levels for intraday traders. They are also suitable for range traders. For trend traders, you need to wait for the break of the support or the resistance level. Pivot points are extremely popular among forex traders and you can download them on your MetaTrader platform. Once added to your chart, you can apply it as an indicator on various timeframes. Nornally, you have three […]

Double top is a popular chart pattern in technical analysis. It is very easy to spot at the top of an uptrend. This is a bearish reversal pattern. It consists of two highs and followed by a decline in prices. After the second peak is formed, there is a loss of momentum, and buying pressure. A neckline or a support level is formed below and between the two peaks. To trade this pattern, you need to wait for the break of the neckline. […]

In forex trading, currencies are traded in pairs. For example, EUR/USD, GBP/USD, etc. If you speculate that the euro will appreciate in value against the US dollar, then you buy the euro, and sell the US dollar. You also say, you have taken a long position in the EUR/USD pair. On the other hand, if you believe that the euro will falll in value against the US dollar, then you take a short […]

In this video, the Trader Guy looks at the commodity, gold for the March 5th session. Gold/USD — Gold broke below the $1,700 level, as Jerome Powell, the Fed President, who did not iindicate that the Fed will intervene in the bond market. So, the yields in the US Treasury 10-note is still rising. This has put the downward pressure on gold. The $1,750 level is the next major resistance. You have the 50-day EMA […]