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Try This If You Think Trading Is Easy

You might think trading is easy. So, pick a direction, and enter the trade. Then you make a profit and exit the trade. It may seem simple enough. However, there are so many things that make up a profitable trader. May enter trading thinking that if others are making profit, so do they. So, you should follow rules and gain a rudimentary knowledge of the art […]

Daily Market News — July 9th 2020

A risk-off sentiment is dominating the market at the moment with the US dollar experiencing a sell-off. The EUR/USD pair has made a bullish breakout with the price trading near the new multi-month high. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1354, 1.1327, and 1.1303. The USD/JPY pair is looking weakly bearish with the focus on US dollar weakness contributing to the fall. The resistance levels are 107.35, 107.76, and 107.7. […]

Daily Market News — July 8th 2020

Markets lack strong macroeconomic data and is drifting sideways, with the pound looking bullish, and the Australian dollar looking bearish. The EUR/USD pair looks bullish above the 1.1303 level, but needs to overcome long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair is range bound at the moment and looks likely to consolidate for a while. The resistance levels are 107.76, […]

How Does the Forex Market Work — An Explanation

The forex market is also called as the interbank market, which is a loose confederation of some of the world's largest banks to trade currencies and also to speculate. If you are a retail trader, then the chances are highly likely that you will be trading using a liquidity provider, who is your online broker. Your order may not be routed to big banks due to small position size. Your […]

Daily Market News — July 7th 2020

The improving risk sentiment has boosted the pound and the euro against the greenback and the yen. The EUR/USD pair looks bullish above 1.1303 and needs to clear long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. The support levels are 107.29, 106.80, and 106.43. The GBP/USD […]

Daily Market News — July 6th 2020

The pound and the euro are rising in value against the greenback and the yen, as the risk sentiment has improved. The EUR/USD pair looks more bullish after breaking above the 1.1250 level. The 1.13 level could offer strong resistance. The resistance levels are 1.1309, 1.1354, and 1.1517. The support levels are 1.1245, 1.1195, and 11155. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. […]

Find Confluence in Trading Entries and Exits

In trading, the collision of two or more things can be a blessing. It can tell you the difference between success or failure of a trade. Consider, for example, X and Y are two factors contributing to confluence. When they meet, then you have more people to look at them. Hence, confluence is an act or process of merging and you can look for a trading opportunity in these areas. Consider an example. As you can see on the chart, […]

Trading with Trend | Trend Definition and Trading Tactics

Trading with the trend is one of the easiest concepts to understand, but proves to be one of the hardest aspects in technical analysis to stick with, even for experienced programmers. As you can see on the chart, you have a simple moving average indicator added to the chart. When the price is above the moving average, then it is uptrend. When the price is below, then it is downtrend. But the way you interpret […]

From Japan to the US, EU and Beyond: Balance Sheet Recessions (Richard Koo) Explained in One Minute

When the asset value of a financial entity like real estate goes below the debt that the entity owe, then the entity is said to be insolvent. In this case, there are two main realistic options. If you are insolvent and have no money coming in, then you will be forced to declare bankruptcy. If you are insolvent, but do have money coming in, you […]

How Often Do High Volatility Events Take Place?

There is a difference between scheduled and unscheduled events. So, a central bank rate decision or a major economic release has the potential to be a high volatility risk event. When the market is uncertain of the outcome, then it can cause a high volatility risk event. For example, consider the central bank rate decision. Assume that the markets are pricing in for a 50%-50% for the interest rate announcement. This can cause high volatility […]

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