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Lagarde Carries On Draghi’s Legacy at ECB
At the first ECB led by Christine Lagarde, the members decided to leave the deposit rate unchanged at -0.5%. Meanwhile, the main refi rate...
ECB Research: Not a Dove, Not a Hawk – But an Owl
The ECB's decision of unchanged monetary policy and consequently rates remaining unchanged was widely anticipated and did not move markets. The press conference...
Christine Lagarde: “Neither a Dove nor a Hawk” at First ECB Meeting
As expected, the ECB left Deposit Rates on hold at -0.5% in Christine Lagarde’s first meeting as President of the ECB. The ECB reiterated...
Market Brief: Trade-Fixated Markets Shrug off Historic ECB Non-Event
Stock market snapshot as of
Trade matters, or at least the lack of fresh bad news on them, have eclipsed the ECB’s first policy...
Weak US Data, Lagarde’s ECB Debut, Turkey’s Big Rate Cut, Oil, Gold Rises
US stocks are slightly softer after softer PPI and jobless claims data suggest some weakness is creeping into the US economy, shrugging off yesterday’s...
ECB Research: Not a Dove, Not a Hawk – But an Owl
The ECB's decision of unchanged monetary policy and consequently rates remaining unchanged was widely anticipated and did not move markets. The press conference...
Christine Lagarde: “Neither a Dove nor a Hawk” at First ECB Meeting
As expected, the ECB left Deposit Rates on hold at -0.5% in Christine Lagarde’s first meeting as President of the ECB. The ECB reiterated...
Market Brief: Trade-Fixated Markets Shrug off Historic ECB Non-Event
Stock market snapshot as of
Trade matters, or at least the lack of fresh bad news on them, have eclipsed the ECB’s first policy...
Sunset Market Commentary
Markets:
Event risk was highly concentrated toward the end of this week with the Fed policy decision yesterday, the ECB policy meeting today and the...
Weak US Data, Lagarde’s ECB Debut, Turkey’s Big Rate Cut, Oil, Gold Rises
US stocks are slightly softer after softer PPI and jobless claims data suggest some weakness is creeping into the US economy, shrugging off yesterday’s...
Zero Sum World? Implications of U.S. Trade Outcomes on Canada
Highlights
Global export growth has flatlined of late, and Canada has not been immune. A slower pace of global growth and U.S. bilateral efforts...
UK 100 Index Retests Ascending Trendline, Elliot Wave Pattern Looks In Progress
The UK 100 stock index is pushing efforts to return above the ascending trendline drawn from the 6,535 bottom after the 50% Fibonacci of...
AUD/JPY 4H Chart: Bounces Off Support
The Australian Dollar bounced off the weekly S1 at 73.86 against the Japanese Yen during the beginning of this week's trading sessions. The currency...
GBP/JPY 4H Chart: Tests Resistance Cluster
The British Pound has appreciated by 1.87% in value against the Japanese Yen since the beginning of December. The currency pair was guided up...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.10885
Open: 1.11289
% chg. over the last day: +0.36
Day's range: 1.10818 - 1.10848
52 wk range:...
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ECB Research: Not a Dove, Not a Hawk – But an Owl
The ECB's decision of unchanged monetary policy and consequently rates remaining unchanged was widely anticipated and did not move markets. The press conference...
Zero Sum World? Implications of U.S. Trade Outcomes on Canada
Highlights
Global export growth has flatlined of late, and Canada has not been immune. A slower pace of global growth and U.S. bilateral efforts...
SNB Maintains World’s Lowest Policy Rate
SNB left the policy rate unchanged at -0.75% in December. Again, the members reiterated the commitments to intervene in the currency in order to...
Fed Set a Neutral Tone and Signaled that Rate will Stay Unchanged Throughout 2020
As widely anticipated, FOMC left the Fed funds rate unchanged at 1.5-1.75% in December. Trying to deliver a neutral tone, there were only few...
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...
How to Trade Forex for Beginners
With the improvement of technology in the late 20th century, the world of forex trading opened up to the internet. By 2004, forex had developed into a $1.9 trillion a day market. As of 2016, the daily volume surpassed $5 trillion a day! Gaining access to the markets is relatively easy. The creation of the Internet made it possible to trade currencies anywhere in the world with internet access, 24 hours a day five days a week.
Trading Decisions: What’s the “Best” Price to Apply?
Traders who base their trading decisions on technical analysis tools will ultimately face a few dilemmas when it comes to choosing the “best” price...
Trading Sessions
While it is true that the forex market is open 24hrs a day five days a week, it doesn't mean that it's always active. Breaking down this 24hr auction house into manageable trading sessions is important. Knowing when liquidity is likely to come into the market and when it is expected to diminish, helps one determine the best time to trade.
Using Expert Advisors to Improve Your Trading
Traders may or may not agree that using an automated trading strategy will improve your trading results. But one cannot ignore the fact that an EA can be beneficial in the early stages of developing your trading strategy. In this article, we look at how using automation can help you to cut down on time while providing an objective analysis of your trading system.
GBP/USD. Popular Currency Pair Features
The British pound is one of the most important currencies in the world. The pound takes the 4th place in terms of turnover, as...
Are Your Trades Thriving or Just Surviving?
Some traders across the planet...no, actually, millions of traders across the planet are not fairing very well. They are imploding in trade after trade because they are unable to do what it takes to be consistently successful traders. They are failing to follow-through in some of the most fundamental ways, by lacking the discipline to stop violating trading rules and keep their promises. Regrettably, most of these traders will not last. On the other hand, there are a group of traders who are hanging on by the thinnest of margins and clutching their life-support vests as they barely navigate the mine fields of minutia that are their trading plans, and through sheer will power they are breaking even.
Thinking in Probabilities
Did you know that you do not have to be right each time you interact with the market? Heck, you don't even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than a repetitive chore. However, because of our natural tendency to always want to be correct, we make trading difficult.
Making Use of Your Demo Account
Imagine for a moment that you're a newly appointed trainee chef. Eager, excited and ready to get in the kitchen, the head chef unexpectedly throws you a curve ball. He asks that you begin preparations to cook five-star meals at their finest restaurant in town that evening. We'd be surprised if this didn't raise an eyebrow, or two! A trainee chef, especially one that's new to the industry, would surely need time to hone his/her skills before being let loose in a restaurant kitchen! Not knowing how to properly slice an onion or even read a recipe would, as you can imagine, likely end in a culinary catastrophe.
Greed and Fear in Trading
Financial markets are driven by two powerful emotions - greed and fear'. This is an old Wall Street saying we've heard more times than we care to remember, but still holds true today. Whether one admits it or not, greed and fear are two drivers that have a big impact on our lives. Unfortunately, these emotions carry over to our trading, which, if not controlled, can have a detrimental effect on your account.
Get to Know the Positive Aspects of Being a Forex Trader
Life as a forex trader is exhilarating and rewarding. In an exciting market, expert traders have to be goal-oriented, mentally sharp and emotionally intelligent. To reach trading goals, successful forex traders need to acquire optimal knowledge and a focused mindset. On a constant basis, traders have to practice analysis, strategizing and diligence. Eventually, this provides a positive and proactive way of thinking that is beneficial for both personal life and career goals.
How to Identify Supply and Demand
Technical supply and demand is an approach based on price action. The general idea is to locate points on the chart where price has...
Why Do Support and Resistance Levels Break?
Support and resistance levels or supply and demand levels are the backbones of technical trading. Regardless of the type of technical analysis methods used, be it an indicator based trading system or a price action based trading system, support and resistance levels plays a crucial role.
Trading the Higher Timeframes
Is spending countless hours at your trading desk the kind of freedom you had in mind when you first voyaged into the trading world?
If...
Forex Algorithmic Trading
Algorithmic trading is trading using so-called robots or advisers, mathematical algorithms that can predict the behaviour of a currency pair with high accuracy. Today...
How to Trade Using Oscillators
Using oscillators is very prominent in the world of trading, whether you are just beginning or have been trading professionally for years. Oscillators are based on math formulas and are categorized as inductive statistics. In forex, they make up a vital part of technical analysis since they are used to confirm market trends, signal when a trade is being overbought or oversold under extreme conditions, and also inform the trader when the market's movement is about to reverse due to loss of momentum.