Trending Now
Sterling & Euro Firm on Brexit Progress, But Australian Dollar Steals...
Both Sterling and Euro trade firmer after UK Prime Minister Theresa May got Cabinet support for her Brexit deal. But no significant technical development...
USDJPY Shows Weakness But Bias Still Positive
USDJPY got rejected from the 114 area after touching the 114.20 mark early this week, with the pair reversing part of its recent rebound...
GBP/USD Behaves Erratic Thanks To The Brexit Process
The GBP/USD breakout is not likely to succeed as larger support and resistance levels are nearby. A bearish break will face Fibonacci retracement levels,...
Brexit Monitor: Cabinet Not Unanimously Behind May While Brexiteers Are Discussing Whether To Try And Challenge Her
Key dates
Today (14 November): UK Cabinet meets to discuss Brexit deal at 3pm. Will the Cabinet support the deal?
25 November (not confirmed):...
Crude Oil Price Tumbles Below $60.00
Key Highlights
Crude oil price extended losses and traded below the key $60.00 support against the US dollar.
There was a break below a...
Crude’s Collapse Is Sending Shockwaves Across Global Markets
Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing...
Crypto Crash, May Secured A Deal
Bitcoin dropped below one year low but this should not be a concern for those who are in this game for a long term....
Sterling Stays Volatile As UK Cabinet Approves Deal, US & UK Retail Sales D
Here are the latest developments in global markets:
FOREX: The dollar index is little changed on Thursday (+0.07%), after posting some modest losses in the...
Crude Oil The Bias Remains Bullish
Pivot (invalidation): 55.50
Our preference Long positions above 55.50 with targets at 56.50 & 57.35 in extension.
Alternative scenario Below 55.50 look for further downside with...
Silver Spot Further Upside
Pivot (invalidation): 14.0000
Our preference Long positions above 14.0000 with targets at 14.2100 & 14.3200 in extension.
Alternative scenario Below 14.0000 look for further downside with...
Gold Spot Further Upside
Pivot (invalidation): 1205.00
Our preference Long positions above 1205.00 with targets at 1215.00 & 1220.00 in extension.
Alternative scenario Below 1205.00 look for further downside with...
S&P 500 Under Pressure
Pivot (invalidation): 2747.00
Our preference Short positions below 2747.00 with targets at 2686.00 & 2640.00 in extension.
Alternative scenario Above 2747.00 look for further upside with...
DAX Choppy
Pivot (invalidation): 11310.00
Our preference Long positions above 11310.00 with targets at 11565.00 & 11650.00 in extension.
Alternative scenario Below 11310.00 look for further downside with...
USD/TRY Under Pressure
Pivot (invalidation): 5.4970
Our preference Short positions below 5.4970 with targets at 5.4490 & 5.4230 in extension.
Alternative scenario Above 5.4970 look for further upside with...
AUD/USD The Upside Prevails
Pivot (invalidation): 0.7240
Our preference Long positions above 0.7240 with targets at 0.7300 & 0.7330 in extension.
Alternative scenario Below 0.7240 look for further downside with...
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Brexit Monitor: Cabinet Not Unanimously Behind May While Brexiteers Are Discussing Whether To Try And Challenge Her
Key dates
Today (14 November): UK Cabinet meets to discuss Brexit deal at 3pm. Will the Cabinet support the deal?
25 November (not confirmed):...
Brexit Update – EU and UK Agree on Draft Deal, Still More Challenge Ahead
Brexit news again dominates the headline as UK Prime Minister Theresa May announced that she has gained support from the Cabinet the Withdrawal Deal...
Italian Politics Monitor: Budget Truce Postponed
The Italian government overnight resubmitted its 2019 draft budgetary plan, but in line with our expectation any changes were ‘cosmetic’ rather than substantial, in...
Brexit Monitor: The Real Test Is The Vote In The House Of Commons
Key dates
Today (14 November): UK Cabinet meets to discuss Brexit deal at 3pm. Will the Cabinet support the deal?
25 November: Extraordinary EU...
01 – Fundamental Analysis Overview
As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...
01 – Support and Resistance
For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession.
I know for me it was.
Although you will learn...
00 – Trading Psychology 101
Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...
00 – Risk Management 101
In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...
00 – A Beginner’s Guide to Fundamental Analysis
What is Fundamental Analysis?
Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...
00 – A Beginner’s Guide to Technical Analysis
Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...
01 – How to Start Trading in 4 Easy Steps
1. Register with OctaFX by opening an account
Having an account allows you to access your personal area on our website and to trade...
01 – How Does Forex Work?
How Does Forex Work?
Forex trading is the simultaneous buying of one currency and selling of another
These two currencies make up what is...
What is Price Action in Forex Trading?
Looking at a candlestick, bar or a line chart for the very first time is both captivating yet confusing. The typical response we hear from newer traders is that it reminds them of a hospital's heart monitor. While this medical appliance is designed to monitor the fluctuations of a heart, the chart is there to record a security's price.
Five Factors that Drive FX Prices
1) Perceptions about the Future Path of Interest Rates
These are perhaps the most classical of all the drivers of Forex rates. Long-standing economic doctrines...
Trading USD/CAD Currency Pair
The Canadian dollar is a national currency of Canada. It is a free convertible currency and the sixth most traded currency on the Forex...
A Basic Introduction to the Different Order Types Used in the Forex Market
Have you ever found yourself unsure of what order to use, or where tocorrectly position it? If you have, then this article will help inproviding a good foundation. It's surprising how often we find tradersthat do not understand even the most basic entry order techniques, yetthey feel they're ready to tackle the live market. Make sure that youfully understand and are COMFORTABLE with your broker's order systembefore stepping into a live trading environment.
The Trader’s Guide to Commodity Pairs
FX markets are famous for attaching or conjoining values and metrics to individual currencies, their pairs and crosses.
They believe that these “factors” have an...
7 Hidden Biases and How They Hold Back Your Trading
Biases are like shortcuts for your brain. They can have an unusually large impact on how you make decisions in your everyday life, but particularly when it comes to your trading. To put it simply, your brain has a way of conserving energy by making fast decisions or mental shortcuts in what are known as heuristics.
What Can We Learn from Successful Traders?
Although at times trading can seem like banging one’s head against a wall, there is light at the end of the tunnel.
There are traders...
What Type Of Forex Trader Are You?
To the uninitiated, the champion day trader may seem like a person of action. But they are just as comfortable stalking their trade as they are decisive when it comes time to execute.
Should You Let Your Trades Stop Out?
When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to...
Forex Trading Psychology
Forex trading psychology is a big thing. Often, it is the psychology, not a lack of academic knowledge or skill in application, that is...
The Secret Behind Bearish Trend Reversals
Trader's looking to enter the market are often sent off on a journey to discover the 'holy grail' of market entries. They study numerous theories; Japanese candlestick reversals, contrarian theory, oscillator divergence, wave theory, and others. Traders who are just starting out, put their trust in indicators and oscillators and rely on them make the decisions on when to place an order - and the more indicators/oscillators they discover, the more they add into their strategy.
Risk Management Techniques for Active Traders
“How a trade is implemented is more important than the trade idea itself” – Colm O’shea, Market Wizard.
Too many aspiring traders search for a...
Using Fibonacci Levels in Your Trading
An Italian mathematician who went by the name of Leonardo Pisano, or Leonardo of Pisa, was perhaps the most talented western mathematician of the...
Understanding Risk:Reward For Real Success
Learn From The Best
First entry into any new endeavour is fraught with challenges and in the pursuit of excellence, the experience is a priceless...
Does a Perfect Strategy Exist?
Visualise yourself perfecting your trading method: spending countless hours working on a perfect system that has a 90% win rate and small losses. You study, study, study, and study again. At a certain point, the back-tested results give you the confidence to take it live.