Sterling Continues to Shine While Stocks Take a Breather
Sterling continues to trade as the strongest one on stimulus optimism while Europe majors are also firm. On the other hand, Dollar remains the...
Gold Outlook: Bullish Bias above $1800 but Bulls May Hold in Extended Consolidation Before Resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep...
Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost...
Pound: Six Months Remaining for a Brexit Trade Deal
While the world is nervous about the Covid-19 second wave, the British pound has another reason to worry about its recovery: the Brexit saga....
Jobless Claims Continue to Head in Right Direction, Biden’s Economic Plan, Oil Anchored, Gold Shines
Risk appetite is struggling as the coronavirus spread is still not under control in most parts of the world and as geopolitical tensions between...
Gold Outlook: Bullish Bias above $1800 but Bulls May Hold in Extended Consolidation Before Resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep...
Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost...
Pound: Six Months Remaining for a Brexit Trade Deal
While the world is nervous about the Covid-19 second wave, the British pound has another reason to worry about its recovery: the Brexit saga....
Sunset Market Commentary
Markets
In some way today’s global market development was a bit similar to yesterday. Chinese markets are still taking the lead in in a risk...
Canadian Housing Starts Up Again in June
Total housing starts up to 212k in June
Ontario starts led the rise
Go-forward risks remain but recent economic indicators for June have...
Jobless Claims Continue to Head in Right Direction, Biden’s Economic Plan, Oil Anchored, Gold Shines
Risk appetite is struggling as the coronavirus spread is still not under control in most parts of the world and as geopolitical tensions between...
US 100 Index Flies to Fresh Record Peak
The US 100 cash index recorded a new all-time high of 10,727.95 earlier today, continuing the steep increase from the 14-month trough of 6,635....
Cable Up after Mini Budget, Brexit Talks Resume
With the US dollar continuing to underperform, the British pound has taken advantage and racked up gains of 1.2% this week. Currently, GBP/USD is...
US Futures Mixed, Watch WBA, CSCO, MSFT, BBBY
The S&P 500 Futures are consolidating, except the Nasdaq 100 future, trading higher after reaching a fresh record close of 10666 on Wednesday.
Today, the...
WTI Futures’ Positive Momentum Fades
WTI oil futures' positive drive loses fuel as it creeps sideways below the 41.60 resistance. The slowing in the ascent is also reflected in...
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Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost...
China CPI Picked Up Due to Temporary Food Price Increase, Unlikely Derail Easing Monetary Policy Stance
Headline CPI improved further to +2.5% y/y in June, from +2.4% a month ago. This came in line with market expectations Core CPI (excluding...
RBA Left Monetary Policy Unchanged. Second Wave in Outbreak Signals Huge Downside Risks
As widely anticipated, RBA left the cash rate unchanged at 0.25%. It also maintained yield curve control, targeting 3-year government bond yield at 0.25%....
FOMC Minutes: Changes in Forward Guidance and Asset Purchases could Come in September
The FOMC minutes for the June meeting revealed that the members had rigorous discussion about forward guidance, asset purchases and yield curve caps/targets. We...
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...
Trading Safe Haven Assets
Where does money flow in times of financial stress and why?
Safe haven assets are financial instruments or commodities that investors turn to in times...
The Trader’s Guide to Macro Data
Macro economic data is the lifeblood of the Forex markets and whether you are a fundamental or technical trader, it's this data, the changes in sentiment and outlook among your trading peers that drive price action. Simply because FX is all about global macro at heart.
What is Leverage and How Does it Work in the Forex Market?
Leverage essentially means having the ability to control a large sum of capital using very little of your own funds and borrowing the rest. When you buy a house on credit i.e. a mortgage, for example, you are actually trading with leverage. Say you put a 25% down payment of $50,000 on a house worth $200,000, you are effectively using leverage here!
How Much Money You Need to Start Trading on Forex
One of the most common complaints about Forex is the high barrier of entry. With a value of a standard lot being 10 000...
Trade Bitcoin the Right Way
To say recent history has been an emotional roller-coaster for Bitcoin would be an understatement!
The market opened 2017 at a price of $966.0 and...
Strive for Excellence by Strengthening These 5 Skills When Trading
To become a successful forex trader, you should develop five crucial skills. Do you know what skills all successful forex traders have in common?...
Mastering Risk Management within Forex Trading: Professional Techniques Simplified
Risk management is a phrase traders love to hate. It's the first thing new Forex traders are taught, and it's the first thing they ignore. No matter how much the pros emphasise risk management, the new trader is too easily distracted by the lure of their charts. There's no stopping the train.
Five Simple Trading Lessons from Hell’s Kitchen
Hell's Kitchen, one of Chef Gordon Ramsay's many reality TV shows is quite an entertaining show to watch. Chefs face off to win a grand prize of running their own restaurants at the end. However, the path to success isn't easy as the contestants are truly put to hell. From having to deal with their peers to putting their differences aside and working as a team, Hell's Kitchen simply draws the viewer into it.
Make An Honest Self Appraisal
If you are willing to accept total responsibility for your investment results, you will realize that you are the most important factor in your...
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.
What is an AB=CD Pattern?
Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one's toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not the holy grail. We've simply took what Carney and Pesavento taught and traded it in our own way, and so far, it's worked nicely.
Scalping the Forex Market: A Beginner’s Guide
An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading...
Risk Management in Forex Trading: Tips & Tricks
Clearly, any trading operation on the financial market is somehow connected with risk. Risk management becomes more and more popular not only among traders,...
Catch Key Reversals With The 5-0 Pattern
Catching big reversals is something that many new traders day-dream about but rarely ever succeed in doing. However, the 5-0 pattern offers traders the opportunity to catch these types of market moves by finding a unique entry point.
Explaining Bullish Trend Reversals
Traders can spend countless hours and days looking for ways to enter the financial market. On their journey to discover the 'Holy Grail' of market entry, they explore Japanese candlestick patterns, contrarian concepts, the large variety of oscillators, the Elliot Wave theory, and a lot of other technical approaches. Beginners usually learn from oscillators and indicators how to identify entries into the market; the more indicators and oscillators get studied, the more they're used in trading.