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Fed Might Cut Just Once More in Mid-Cycle Adjustment as Sentiments...
Threat of US-China trade war escalation receded last week after both sides offered some concessions. Further than that, there is increasing hope of de-escalation...
Weekly Economic and Financial Commentary: Recession Fears Easing Up?
U.S. Review
Recession Fears Easing Up?
This summer's fears about escalating trade tensions, slowing global growth and an inverted yield curve have let up somewhat...
Forward Guidance: Economic Data Still Looks Okay, Fed Will Still Cut Rates
A quiet past week of economic data nonetheless took on a (slightly) more positive tone in terms of the near-term economic growth outlook for...
The Weekly Bottom Line: Optimism on Trade Deal Lifts Markets
U.S. Highlights
There was good news in the trade negotiations between the U.S. and China this week as the President announced a postponement of...
Silver Wins the Gold for Biggest Loser
Silver closed down almost 3.5% today near 17.50 as it continued its selloff from the blow off top at 19.62. The precious metal is...
Weekly Economic and Financial Commentary: Recession Fears Easing Up?
U.S. Review
Recession Fears Easing Up?
This summer's fears about escalating trade tensions, slowing global growth and an inverted yield curve have let up somewhat...
Forward Guidance: Economic Data Still Looks Okay, Fed Will Still Cut Rates
A quiet past week of economic data nonetheless took on a (slightly) more positive tone in terms of the near-term economic growth outlook for...
The Weekly Bottom Line: Optimism on Trade Deal Lifts Markets
U.S. Highlights
There was good news in the trade negotiations between the U.S. and China this week as the President announced a postponement of...
Week ahead – Central Banks the Only Game in Town
Brexit, Fed and trade war remain in focus
For many months now, all of the attention has been on the trade war, Brexit and central...
Silver Wins the Gold for Biggest Loser
Silver closed down almost 3.5% today near 17.50 as it continued its selloff from the blow off top at 19.62. The precious metal is...
Week Ahead Fed Set to Disappoint Trump With 25bp Cut
The week ahead features more central bank meetings, with the Fed, BoJ, SNB and BoE all set to decide on the direction of their...
AUD/NZD Breaks Out to New 2019 Highs
AUD/NZD has broken above 1.0729, it’s 2019 highs. Both the Australian Dollar and the New Zealand Dollar face many of the same risks from...
Bitcoin Rebounds on ECB Cut Looks Ahead to Fed
Cryptocurrencies had a volatile trading week. Risk appetite returned to the market with the news that US and China were defrosting their trade negotiations....
Week Ahead – Central Banks Bonanza Awaits: Fed Might Disappoint, BoJ Could Surprise, More Brexit Blues for BoE
With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four...
Australia’s Record Recession Free Run Looks Set to Continue for Some Time Yet
A recession is formally defined as two consecutive quarters of negative GDP growth or negative growth in annual terms.
Australia has not had such an...
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Australia’s Record Recession Free Run Looks Set to Continue for Some Time Yet
A recession is formally defined as two consecutive quarters of negative GDP growth or negative growth in annual terms.
Australia has not had such an...
ECB: Draghi Delivers in Swan Song to Markets
Executive Summary
The ECB announced a substantial package of easing measures today, including a rate cut, asset purchases, a tiering system for banks and...
Commodity Dollars Bounce Back on Easing Headwinds But Outlook Remains as Clouded as Ever
Commodity-driven currencies such as the Australian, New Zealand and Canadian dollars are enjoying a bit of a reprieve from an extended sell-off as rekindled...
China Watch – Tariff Exemption Further Evidenced Weakness in Underlying Economy
China announced that 16 types of US exports will be exempted from tariff. While this may be a gesture ahead of the October trade...
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...
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.
The Trader’s Guide to Eurodollar
Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured by GDP - USA and the Eurozone. The Eurozone consists of the economies of 19 EU member states who have adopted the euro as their currency. These 19 member states have ceded control over monetary policy and interest rates to the European Central Bank. And as far as the currency is concerned at least they trade as one entity.
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...
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...
What Snipers Can Teach You about Trading
A military sniper's edge is not only crucial, it's also extremely extensive! Determining distance, selecting camouflage, preparing a suitable location, making sure that the rifle is well-sighted, having the correct mindset and showing patience are just some of the components that help form a sniper's edge in the field. Without it, there could potentially be fatal consequences. Fortunately, for us civilians we don't have to deal with the stresses of conflict. What we can do from here, however, is apply some of these elements a sniper uses to form a complete trading edge. What we mean by 'complete' is simply an edge which has all the necessary components to achieve consistency in the market.
Do You REALLY Have What it Takes to be a Successful Forex Trader?
Trading any market consistently is difficult. It tests you in ways you’ve not likely been tested before, with the majority failing to achieve their...
Managing Greed in Forex Trading
If you want to be a successful forex trader, greed is probably the biggest obstacle you'll have to overcome. If you try to get rich on every trade, you'll more than likely end up blowing your account - slow and steady wins the race. It's the great paradox that all traders face - if you want to get rich quickly, you have to do it slowly.
Don’t Let Your Doubts Prevent You from Trading Successfully
Many traders come in the Forex market to get easy and fast earnings. But instead of the desired profit, they lose their deposit in...
A Trade or a Gamble?
I love to trade a lot - which is of course a euphemistic way of saying I love to gamble. Although I have been...
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...
How To Trade Pullbacks With 5 Key Technical Tools
Trading forex can be both interesting and rewarding if one can spend the time learning how it really works. First you have to build a base or foundation. That includes developing a strategy that works for you, finding good money management techniques and training your mind to be disciplined in all facets of trading. Remember, at the end of the day you must muster up enough courage to pull the trigger for any strategies developed to work.
Basic Market Structure
While indicators certainly have a place, very little trumps good old fashioned market structure.
As you’ll see demonstrated in the following article, building trading ideas...
Identifying Trends: A Beginners’ Guide
In the early stages of trading, the identification of a trend emerges as a compass to the markets. We have all heard the phrases "the trend is your friend", "never go against the trend" and "trade with the trend". But, what is a trend and why is it so important? A trend is simply the prevailing direction of the market. It is the direction that future prices will most likely follow. So, the early identification of the trend is imperative in trading the financial markets. Whether it's going up, down or sideways, has to be determined before entering the market. Many trading systems have been developed with precise rules on when to open a trading position, exit a losing trade and of course lock potential profits. Trend identification is one of the cornerstones of successful trading
Support and Resistance Revealed
Most traders, including novices, know that prices that reach the support line, bounce up and prices that reach the resistance line retract. This applies to price activity within a range. In fact, it taps into the very definition of range - price action within a bounded area on the chart. Due to this, range trading is very popular - so much so, that many systems have been designed around trading support and resistance and extracting the most out of the predetermined path of the price.