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Sterling Firmer in Tight Range, Yen Mildly Higher as US-China Trade...
Commodity currencies are generally softer today, as led by New Zealand Dollar. Euro also turned softer despite slightly better than expected German ZEW economic...
Finally, Something to Get Excited about in the Eurozone!
Although much of the data has been worse than expected out of the Eurozone for the last month, German ZEW Economic Sentiment for October...
Who Is Most Exposed to a Global Manufacturing Slowdown?
As the global economy has decelerated over the past year, the weakness has been concentrated in the factory sector. In this report, we examine...
QE or Not QE? That Is Not the Question
For the first time since 2013, the Federal Reserve is set to grow its balance sheet again. Although the mechanics look similar to QE,...
Market Brief: China Wants US Tariffs Removed Before Further Farm Goods Purchases
At midday in London, GBP was the strongest and AUD among the weakest. Gold was trading higher, copper and oil lower. Stocks were coming...
Finally, Something to Get Excited about in the Eurozone!
Although much of the data has been worse than expected out of the Eurozone for the last month, German ZEW Economic Sentiment for October...
Who Is Most Exposed to a Global Manufacturing Slowdown?
As the global economy has decelerated over the past year, the weakness has been concentrated in the factory sector. In this report, we examine...
QE or Not QE? That Is Not the Question
For the first time since 2013, the Federal Reserve is set to grow its balance sheet again. Although the mechanics look similar to QE,...
Sunset Market Commentary
Markets
There was little high profile/concrete news to guide trading on global markets today. The Brexit negotiations were a prominent feature in the headlines on...
Market Brief: China Wants US Tariffs Removed Before Further Farm Goods Purchases
At midday in London, GBP was the strongest and AUD among the weakest. Gold was trading higher, copper and oil lower. Stocks were coming...
Gold Remains Below 1,500.00
On Tuesday, the yellow metal's price remained below the 1,500.00 level, as it was kept down by a monthly pivot point at 1,498.29.
In the...
USD/JPY Pierces Support Level
By the middle of Tuesday's London trading, the USD/JPY had retreated below the 55-hour simple moving average, which was located at the 108.30 level.
The...
GBP/USD Is Pushed Up By 55-Hour SMA
On Tuesday morning, the GBP/USD was being pushed higher by the 55-hour SMA. Previously, it was expected that this might occur. By the middle...
EUR/USD Breaks Ascending Pattern
The EUR/USD has broken the ascending channel pattern of the hourly chart and declined below the 55-hour SMA.
By the middle of Tuesday's London trading...
US Open – Brexit, GBP, Gold, Oil
Barnier Taking Sterling For a Ride
Michel Barnier is taking sterling for a ride this morning, with the regular flow of commentary highlighting the sensitivity...
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Who Is Most Exposed to a Global Manufacturing Slowdown?
As the global economy has decelerated over the past year, the weakness has been concentrated in the factory sector. In this report, we examine...
QE or Not QE? That Is Not the Question
For the first time since 2013, the Federal Reserve is set to grow its balance sheet again. Although the mechanics look similar to QE,...
Strong Inflation Could Affect PBOC’s Policy to Stimulate Growth; Trade Data Suggests China Continues to Suffer from Trade War
Headline CPI in China rose to +3% y/y in September, reaching PBOC’s target for first time since December 2013. However, this was driven by...
RBA Minutes Make Strong Case for Lower Rates but Timing Still Likely to be February for the Next Cut
We were surprised that the Board did not indicate more clearly that it was planning to take some time to assess the timing of...
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...
Factors Affecting the Cryptocurrency Market Today
Cryptocurrency refers to any digital currency that involves cryptographic technologies. Today, cryptocurrency is one of the fastest growing classes of trading assets, which represents...
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 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...
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.
Bitcoin Is a Bubble, Yet Cryptotrading Still Works
The first major economic bubble is related to the very idea of public trading. The moment East India Company started selling stock, it had...
Apply the Best Mindsets for Efficient and Enjoyable Trading
An optimal mindset is key to achieving efficient and enjoyable trades. With a volatile forex market, traders need a reliable mindset to manage all trading activities. By obtaining a strong and optimistic mental attitude, you can properly accomplish trades and vital tasks for success. Applying the right mindset allows a focused way of thinking that can minimize anxiety and reduce the chances of emotional trading. To have a healthy outlook towards the forex market, practice the best mindsets for optimal forex trading.
What Separates Beginners from Professionals in Forex Trading?
The world of forex is full of excitement; it gives traders the possibility of controlling huge amounts of money without the need to invest a lot of their own capital. The old industry saying of 'buy low, sell high' – when done right – can be extremely rewarding..
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...
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...
How to Simplify your Forex Trading
It’s entirely possible to trade profitably using just our eyes, charts, and grey matter as “hunting” for setups can cause more pain than gain....
Low Spread Scalping Strategies
It's always important to know how to exploit the advantage of low spreads in spread trading. It's also good to know that there's a...
How to Identify and Trade the Strongest Part of a Trend – Part 2
In the previous article, we looked at how traders can ignore the moving average and instead focus on just the Average Directional Index (ADX) and the Moving Average Convergence and Divergence (MACD) indicators to determine the trend strength.
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.
Forex Price Action Techniques -Trading the Doji Candlestick
Forex price action, as one might have guessed now is a rather broad term and is, in fact, an umbrella term with various approaches...
Exponential Moving Average Revealed
Like most indicators, it is very easy to apply on the price chart - you simply drag it onto the prices. Its interpretation is also fairly straightforward; buy above or sell below the moving average line. It's no wonder that so many technical traders, even fundamentalists, use it for their analysis and trading.