Forex Videos

In this video, we are going to talk about support and resistance, and the most basic but extremely effective, previous highs and lows. As you can see from this example, this is an uptrend. This is the high as indicated by the arrow. After that, there is a pullback, and the market breaks this high. This previous high now becomes support. So, you can enter long here, and hold as long as the market […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 16th session. Bitcoin/USD — After a period of brief consolidation, bitcoin market is now seeing a strong bearish action. The market has broken below the 6,000 level. So, this level could be resistance now. Any rallies close to this level that show signs of exhaustion are to be sold. As the market fell down, it bounced off […]

As the trading week ends, the forex market is now influenced by sentiment driven by politics. The trade tensions between US and China has caused the demand for the greenback to fall. This in turn has also affected the US dollar index negatively. The US dollar index is trading at 97.00. The Philadelphia Fed released a Manufacturing PMI report, which also caused the greenback to fall. So, the current situation is bearish for the greenback. The USD/JPY pair […]

In this video, you will learn about trading CFDs and currencies. Forex and CFD trading are carried out through a network called the over the counter, which enables brokers, banks, retail traders, etc. to buy and sell currencies electronically. There is no central exchange involved. Forex trading is limited to currencies only. But CFD also includes stocks, commodities, etc. In both Forex and commodities, you can […]

In this video, you will understand what trading is all about. Trading is not about endlessly searching for a holy grail. It is not about searching for strategies after a series of losing trades. You need to develop your inborn skills to mature into a good trader. It comes from experience. You can get better in trading only by trading, by practice and experience. Please write down everything. […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 15th session. Bitcoin/USD — It looks like the market has finally made up its mind. The markets have fallen below the 5,800 level. This could pave the way towards the 5,000 level. It now looks very bearish for the bitcoin from a long-term perspective. A fall down up to 4,000 can be expected. At the moment, the US dollar looks […]

The greenback is experiencing a small correction after a rise. This is due to the speech of Jerome Powell, the Chairman of Federal Reserve. It looks like a monetary tightening is likely in the near future. The US dollar index is trading at 96.80. Also, the demand for the greenback is falling due to the intentions of US and China to restart trade talks. The USD/JPY pair is trading at 113.50. Investors are looking forward to know the outcome of a possible […]

The euro, the pound, and the Aussie are looking bullish. The greenback is showing a bearish sentiment. The EUR/USD pair is rising and is gaining from the bullishness in the pound. The resistance levels are 1.1354, 1.1368, and 1.1393. The support levels are 1.1256, 1.1150, and 1.1030. The USD/JPY pair is facing strong resistance at 113.66 and is looking bearish. The resistance levels are 113.66, 114.18, and 114.74. The support levels are 113.06, 112.57, and 112.19. The GBP/USD […]

In this video, you will understand what makes forex trading an interesting job. You are your own boss in this field. You can set your rules. You don't have to go to any office, because you can trade from home using your computer or laptop. Also, you have flexible timings to trade. There is no rigid 9 to 5 schedule. You don't have […]

In this video, you will learn about Fibonacci retracement to find out the support and resistance levels for a good trade entry. The important Fibonacci retracement levels are 61.8%, 50%, and the 38.2% levels. When price touches these levels, that is when you enter a trade in the direction of the trend. In case of an uptrend, draw the Fibonacci retracement from swing low to swing high. You get the Fib retracement levels. When price […]