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Markets in Range, Trapped by Low Month-End Volatility
The forex markets are generally staying in tight range today, without much reaction to better than expected job data from US and GDP from...
Chaotic American Politics, ADP Impresses One Last Time
Chaotic American Politics, ADP impresses one last time, Oil higher on weaker dollar and surprise draw, Gold recaptures $1900
US stocks climbed higher following further...
Three Takeaways for Traders from a Debacle of a US Presidential Debate
Trump’s refusal to commit to accepting the legitimacy of the election regardless of the outcome has stoked fears of a contentious legal battle and/or...
US Election: The Good, the Bad, and the Ugly for Markets
With almost one month to go until the presidential election, investors are increasingly focused on how the outcome will impact financial markets. The short...
NFP Jobs Report: The Last Release Before the US Election
The US will welcome the final quarter of 2020 with the release of the famous Nonfarm payrolls report as markets get into election mode. The...
Chaotic American Politics, ADP Impresses One Last Time
Chaotic American Politics, ADP impresses one last time, Oil higher on weaker dollar and surprise draw, Gold recaptures $1900
US stocks climbed higher following further...
Three Takeaways for Traders from a Debacle of a US Presidential Debate
Trump’s refusal to commit to accepting the legitimacy of the election regardless of the outcome has stoked fears of a contentious legal battle and/or...
US Election: The Good, the Bad, and the Ugly for Markets
With almost one month to go until the presidential election, investors are increasingly focused on how the outcome will impact financial markets. The short...
NFP Jobs Report: The Last Release Before the US Election
The US will welcome the final quarter of 2020 with the release of the famous Nonfarm payrolls report as markets get into election mode. The...
USDTRY Holds Near Record High; Indicators are Overbought
USDTRY surged to a fresh record high on Monday once again, hitting the 7.8605 barrier. The price has been in an ascending movement since...
Sunset Market Commentary
Markets
This week’s trading continues to be choppy in nature. European equity markets were looking against losses of up to 0.5% until the more positive...
Canada GDP Recovery Continues at Slower Pace
Canada GDP up 3% in July, prelim estimate of +1% in August
Over 70% of decline in spring has been retraced - but...
USD/CHF Higher on KOF Economic Barometer
USD/CHF has posted considerable gains on Wednesday, recovering most of the losses from Thursday. In the European session, the pair is trading at 0.9226,...
U.S Futures Sliding – Watch DIS, MU, GOOGL, REGN, SBUX
The S&P 500 Futures remain under pressure after a first acrimonious presidential debate between Donald Trump and Joe Biden.
Later today, final readings of 2Q...
Oil’s Brief Rally Ends, Gold Climbs
Oil's brief rally ended unceremoniously
Oil's steady rally over the past week ended up hitting a wall overnight. Oil prices fell aggressively as traders took...
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US Election: The Good, the Bad, and the Ugly for Markets
With almost one month to go until the presidential election, investors are increasingly focused on how the outcome will impact financial markets. The short...
Crude Oil Prices Down in 3 out of 4 Weeks. Outlook Dependent on Pandemic, OPEC+ Compliance and Libya’s Output
Crude oil prices have declined for 3 out of the past 4 weeks. the most recent weakness has been driven by concerns over the...
RBA Policy Changes Pushed Back To November 3
Last Wednesday we released a bulletin in which we forecast that the RBA was set to cut the overnight cash rate to 0.1%; the...
SNB Expects Deflation to Stay Until 2Q21. Pledged to Intervene Exchange Rate as CHF Remains Highly Valued
As widely anticipated, SNB left the policy rate unchanged at -0.75%. It reiterated the view that Swiss franc remained “highly valued” and the commitment...
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...
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...
ECN Forex Trading Explained
Trade execution usually doesn’t rank that high for most traders, especially in the retail forex business. That being said, the past few years has...
Inside the Forex Market: Fake News, Currency Wars & Corruption
Fake news has become one of the buzzwords of 2017, with almost weekly reports regarding politicians or political events, causing outrage due to their spurious nature. The growing importance of social media has exacerbated the problem with fake news reports spreading like wildfire and quickly garnering vast amounts of attention before they can be disputed and or corrected.
Five Factors that Drive FX Prices
1) Perceptions about the Future Path of Interest Rates
These are perhaps the most classical of all the drivers of Forex rates. Long-standing economic doctrines...
What Is the GDP Report and How It Impacts Forex Markets
GDP or Gross Domestic Product represents the total monetary value of goods and services produced over a specified period of time in a country. In other words, GDP measures the overall productivity of a country's economy and is used to measure the level of growth and the economy's health in general.
Manage and Master the Expected Emotions of Forex Trading
For optimal performance, it is important to learn the top emotions to expect from forex trading. By becoming familiar with these emotions, forex traders can better equip themselves with the right strategy and the most suitable mindset. Whether you are experiencing stress or excitement, emotions can greatly influence forex trading results. For continued profitability and strong mental health, take control of your well being and become aware of the inevitable emotions of forex trading.
Why Becoming an Independent Forex Trader is Appealing
Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one's mouth. A lot of people are often left thinking that there must be more to life than this! As a matter of a fact, according to the Telegraph UK, most people at work are miserable. Shocker!
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....
7 Hidden Biases and How They Hold Back Your Trading
Biases are like shortcuts for your brain. They can have an unusually large impact on how you make decisions in your everyday life, but particularly when it comes to your trading. To put it simply, your brain has a way of conserving energy by making fast decisions or mental shortcuts in what are known as heuristics.
The Psychological Utility of Technical Analysis
Today I am starting an occasional series on one of the most fascinating and essential topics in currency trading; the interaction between the psychology...
Using Fibonacci Levels in Your Trading
An Italian mathematician who went by the name of Leonardo Pisano, or Leonardo of Pisa, was perhaps the most talented western mathematician of the...
Risk/Reward Ratio
Frustrated with losses?
Continuously looking to alter your method?
If so, the following article may help.
What is risk/reward?
Risk is the amount of capital that one...
Supply and Demand Trading
In the following article, our objective is simple: to try and shed some light on how one can trade supply and demand on a...
What is Scalping in Forex Trading?
When people are talking about small-time online Forex trading, they almost always talk about scalping. After all, it is one of the most profitable...
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...