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Explaining Trends and How to Draw Trendlines

In this video, you will have a clear understanding about trends, and how to draw trendlines properly on your chart. You can look for three types of trends in the forex market. They are uptrend, downtrend, and the sideways trend. For an uptrend, you look for the market to make higher highs and higher lows. For a downtrend, look for lower highs and lower lows. Connect at least two higher lows to draw an uptrend line. Similarly, connect two […]

What Is GDP?

In this video, you will learn about GDP. Commodities like clothes, furnitures, and services provided by doctors, engineers are all components of a GDP of a country. Manufacturers produce cars, computers, etc. Doctors and engineers provide services. Hence, you need to add up the value of goods and services over a period of time to obtain the GDP. For example, you can add together all the income in the US for one year, to get the US GDP. […]

What Is Cryptocurrency?

In this video, you will have a good understanding about cryptocurrencies. You might have already purchased items using your credit card online. The transactions are often carried out through a payment gateway. These companies store sensitive information like the credit card details and charge a commission for every transaction. In the case of international transactions, they usually take time and involves higher commissions. So, the cryptocurrency evovevd to reduce […]

EUR/USD and GBP/USD Forecast — December 6th 2019

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 […]

Trading Forex During the Holidays | What You Need to Know?

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 […]

Who Are Bulls and Bears in Forex?

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 […]

Gold Forecast — December 6th 2019

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 […]

How Many Hours a Day Does a Full Time Forex Trader Trade?

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 […]

Bitcoin Forecast — December 5th 2019

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, […]

Gold Forecast — December 5th 2019

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 […]

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