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Canadian Dollar Boosted Further by Job Data, Greenback Shrugs NFP
Canadian Dollar is given another boost in early US session after stronger than expected job data. In the background, the Loonie has already risen...
ECB Preview: Recalibrating, Not Easing
The ECB is set to recalibrate its monetary policy instruments at next week's meeting and the question is which tools it will use....
After the Vaccine Boost, What’s Next for the Commodity Dollars?
It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international...
Week Ahead – Can the ECB Clip the Euro’s Wings?
It will be another action-packed week in global markets, with two central bank meetings, a potential US stimulus agreement, and a flurry of economic...
Weekly Focus – Crucial EU Council Meeting in the Coming Week
This week we published a number of flagship publications. First, we examine the economic outlook in the The Big Picture - Darkest before dawn,...
ECB Preview: Recalibrating, Not Easing
The ECB is set to recalibrate its monetary policy instruments at next week's meeting and the question is which tools it will use....
After the Vaccine Boost, What’s Next for the Commodity Dollars?
It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international...
Week Ahead – Can the ECB Clip the Euro’s Wings?
It will be another action-packed week in global markets, with two central bank meetings, a potential US stimulus agreement, and a flurry of economic...
Weekly Focus – Crucial EU Council Meeting in the Coming Week
This week we published a number of flagship publications. First, we examine the economic outlook in the The Big Picture - Darkest before dawn,...
A$ Finds Higher Gears
The A$ is riding higher again, establishing itself above US74c this week. The A$ has now gained US4 cents in the month since the...
Sunset Market Commentary
Markets
Yesterday’s “eleventh hour demands” (UK sources; denied by EU diplomats) by French president Macron on fisheries and the future UK state-aid regime, resonated today...
USD/CHF Resuming the Bear Trend
USDCHF has completed a five-wave contracting move within a higher degree wave 4) correction at te 0.909 level, and started turning impulsively lower. An...
U.S. Employment Makes Only Modest Gains in November as Restrictions Weigh
Nonfarm payrolls rose by 245k in November, below market expectations. The unemployment rate edged down to 6.7% from 6.9% in October.
In the...
Canada’s Job Recovery Slows in November as High-Contact Services Experience Losses
Canada's economy added 62k jobs in November, a slowdown from the 84k created in October, but better than the median consensus estimate of...
US Labour Market Recovery Carried on in November
Non-farm payroll added 245k jobs, boosted by private sector gain
The unemployment rate ticked lower again to 6.7%, alongside a lower labour force...
After the Vaccine Boost, What’s Next for the Commodity Dollars?
It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international...
Questionable OPEC Solidarity Casts Doubt on Output Cut Commitments
While vaccine news should be bullish for the oil market, the rally in crude oil price proves short lived. Ahead of next week’s meeting...
British Pound Remains Strong with Possible Trade Deal in Sight
The market has been thrilled amid signs of progress in the EU-UK deal. Last week, EU Commission president Ursula von der Leyen noted that...
Yen’s Path Versus Dollar Defies Recovery Trend, May Cause Headache for Policymakers
The Japanese yen has been on a steady downtrend against most of its major peers since March when it exploded higher during the virus-induced...
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 are the Best Market Entry Strategies When Trading Forex?
One of the most important aspects of Forex trading is choosing the right entry point, the most successful moments in which it is profitable...
Trading 101: How to Trade Gold & Metals
The great Technical Analyst Martin Pring once said: “The more I work with markets, the more it becomes apparent that prices are determined by...
Five Ways to Survive in Extreme Volatility
When we combine leverage and incredible movement in financial markets, we need to adapt our approach. Otherwise, we run the risk of either being...
Crypto Trading on Forex. How to Have Income Even When the Rate is Falling
The interest in cryptocurrencies is growing day by day and most people recognize them as a popular payment and investment method. Cryptocurrency is used...
The Four Letter R-Word
Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on...
The 3 Core Principles to Improve Your Trading
Simplicity is best in just about anything, but as humans making things complex is what we do best. Forex trading is no different either....
How Do Traders Manage Risk on Their Trades?
Forex risk management is an essential point on which the profitability of transactions largely depends. In fact, it can be said that any transaction...
Do You Have a Cut-Off Point?
‘Hope for the best, plan for the worst’ – Lee Child.
While we tend to evade the word ‘hope’ in trading, the opening quote resonates...
Concentrate on Trades by Overcoming Forex Trading Jitters
At times, the excitement during executions can bring about many emotions. One of these is the feeling of nervousness. Whether new or highly skilled, there will always be moments when traders experience forex trading jitters. In an active and volatile forex market, it is normal to feel anxious about trading activities like entering and closing a trade or planning out the best strategy. Because of this, it is important to properly manage nervous energy to channel more productivity when trading. With enough planning and practice, learn how to easily overcome forex trading jitters for optimal forex trading.
Best Practices that Maintain and Restore Mental Energy for Trading
To achieve a focused and lively trading session, learn good habits that help give you a boost of mental energy. Mental energy revolves around...
Exploring the Trend Line
As humans we love to overcomplicate things!
While an elaborate trading strategy may impress your family and friends, it is unnecessary to succeed.
For those that...
How to Write a Trading Plan
The trading plan is a complete guide of what trader will do in the markets. The plan should include clear rules for entering and...
The First Rule of Forex Trading: FX Market Types
Have you ever found that your trading system works great one day but fails miserably the next? Your problem is quite possibly market type identification. Too many Forex traders will trade the same way no matter what the market is doing. Instead look to identify the market type first, and then devise a strategy appropriate to that market type.
Understanding Pivot Points
Pivot points are extremely popular with traders, they are used to spot direction, probable reversal points and potential support and resistance levels. It's a well-known tool that is of particular interest to novice traders, due to the simplicity of the mathematical formulas it incorporates.
How to Trade Forex Using Fibonacci Retracements
How a centuries-old mathematical sequence can help traders identify entry or exit points in modern markets.
What if I told you there is a mathematical...