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Loonie and Sterling Firmer in Dull Month-End Trading
Overall, the markets are relative quite today, in month end trading. Stocks are struggling in tight range, indifferent to news of Modern's plan to...
EURAUD Heads Up But Still Lacks Direction in Short-Term
EURAUD is ticking higher in a horizontal trajectory trapped between the 1.6340 resistance and the 1.6144 support. A paused state of directional momentum is...
US 500 Index Maintains Positive Bearing; Momentum Waning Slightly
US 500 index (Cash) is consolidating just below its newly formed all-time high of 3,674, finding some stability from its red Tenkan-sen line, marginally...
AUD/USD Outlook: Bulls Pressure Key Barriers ahead of RBA Policy Meeting
The Australian dollar is consolidating under three-month high (0.7407), posted after fresh probe through 0.7400 earlier today.
Bulls remain well supported by rising positive sentiment...
Swiss Franc Flat after Mixed Data
The Swiss franc is showing little movement at the start of the new trading week. Currently, USD/CHF is trading at 0.9049, up 0.07% on...
Oil Prices are Correcting, After All
On Monday, November 30th, Brent is declining, correcting after prominent growth yesterday. It is trading at 47.60 USD and might spend the whole session...
EURAUD Heads Up But Still Lacks Direction in Short-Term
EURAUD is ticking higher in a horizontal trajectory trapped between the 1.6340 resistance and the 1.6144 support. A paused state of directional momentum is...
US 500 Index Maintains Positive Bearing; Momentum Waning Slightly
US 500 index (Cash) is consolidating just below its newly formed all-time high of 3,674, finding some stability from its red Tenkan-sen line, marginally...
AUD/USD Outlook: Bulls Pressure Key Barriers ahead of RBA Policy Meeting
The Australian dollar is consolidating under three-month high (0.7407), posted after fresh probe through 0.7400 earlier today.
Bulls remain well supported by rising positive sentiment...
Sunset Market Commentary
Markets
At the start of the new week, global trading showed no clear, unequivocal trend across markets. Asian equities finished the month with modest losses...
Oil Steady ahead of OPEC Meeting
Traders take profit as OPEC+ meets to discuss 2021 production plans
Pre-meeting talks between a select few key OPEC+ ministers failed to generate a consensus...
Swiss Franc Flat after Mixed Data
The Swiss franc is showing little movement at the start of the new trading week. Currently, USD/CHF is trading at 0.9049, up 0.07% on...
Currency Pair of the Week: GBP/AUD
The main driver of the Pound this week will continue to be Brexit. Officials are meeting in London to discuss a trade-deal, however as...
Chilled End to Bumper November
It's been a pretty chilled start to the week, with a little more profit taking kicking in as we bring an end to a...
U.S Futures Consolidating – Watch SPGI, INFO, MRNA, GS
The S&P 500 Futures are mixed after they closed higher on Friday.
Later today, the Market News International will release Chicago PMI for November (59.2...
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...
With a Vaccine on the Horizon, What’s Next for Gold?
A combination of cheap money policies and runaway government spending propelled gold prices to new record highs earlier this year, but the metal has...
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...
Forex Forecasts: Basic Forex Forecasting Techniques
It's not an exaggeration to say that the Forex market is the largest financial market in the world, especially with a daily volume of...
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.
Practical Tips for Those Who Want to Trade Safe on Forex
We can’t really speak of earning money on FOREX without understanding the risks. Foreign exchange market isn’t a safe battleground for beginners. Huge money...
A Brief Introduction to Forex Basics
If you are new to trading, the following definitions and examples will help you to get familiar with the rules and guidelines of the forex market. This short overview to enhance your existing knowledge.
The Trader’s Guide to Eurodollar
What is Eurodollar?
Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured...
Learn How to Become a Grade A Student of Forex Trading
Start off strong and ace your forex trading education. Through good forex education, traders can become successful no matter what strategies they apply. To do well in both execution and analysis, you must first learn how to become an efficient and knowledgeable trader. When initially focusing on education, traders can begin to understand the market and learn the best ways to profit from it. For long term success, master forex education to build a healthy and profitable trading career.
Is it Possible to Trade Part Time?
'But out of limitations comes creativity'. Debbie Allen. Every endeavour has its own set of difficulties, with trading being no different! Trading the markets, even if only on a part-time basis, is incredibly challenging, and will, despite what your favourite guru may claim, take time and require a great deal of dedication.
This One Trick Can Change Your Trading Results
Repetition!
Yes, you read it right. Repetition!
Ever wondered why in the field of medicine, the doctors and surgeons at the top of their game often...
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.
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...
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.
The Ceaseless Quest for a Perfect Strategy
Although having a well-defined trading strategy is vital to get ahead, some traders (particularly those new to the business) mistakenly believe that this is...
How to Identify and Trade the Strongest Part of a Trend – Part 1
Technical indicators are often used by traders for a number of reasons, but primarily to detect the changes in the markets. Technical indicators are relied upon for signs of any change in direction, or the momentum in the price of the underlying security as well as volatility in the markets.
TMT (Trend-Momentum-Trendline) Scalping System
TMT (Trend-Momentum-Trendline) is a trend scalping trading system based on a set of trend indicators and oscillators. It is developed for MetaTrader 4 for...
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.