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Sterling Firms Up in Subdued Trading, Dollar Yawns Retail Sales
Trading in in the currency markets continue to be relatively subdued. Sterling is so far the strongest one for today. But it's staying below...
Weekly Economic and Financial Commentary: After Strong Initial Rebound, Momentum is Slowing
U.S. Review
After Strong Initial Rebound, Momentum is Slowing
The economic recovery continued into July, though the pace is slowing. The consumer has been a...
The Weekly Bottom Line: Markets Optimistic Despite No Deal Yet from Washington
U.S. Highlights
Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big...
Forward Guidance: Economic Rebound Continues, But Pace to Slow
Rising household demand continued to drive the economic recovery in June after an initial 4.5% bounce back in GDP in May. Statistics Canada already...
Week Ahead: Hot Summer Days Cooling Down the Markets
It’s hot outside! And although the coronavirus is still running rampant, it seems as if traders are still taking holidays. It was a slow,...
Weekly Economic and Financial Commentary: After Strong Initial Rebound, Momentum is Slowing
U.S. Review
After Strong Initial Rebound, Momentum is Slowing
The economic recovery continued into July, though the pace is slowing. The consumer has been a...
The Weekly Bottom Line: Markets Optimistic Despite No Deal Yet from Washington
U.S. Highlights
Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big...
Forward Guidance: Economic Rebound Continues, But Pace to Slow
Rising household demand continued to drive the economic recovery in June after an initial 4.5% bounce back in GDP in May. Statistics Canada already...
Week Ahead: Hot Summer Days Cooling Down the Markets
It’s hot outside! And although the coronavirus is still running rampant, it seems as if traders are still taking holidays. It was a slow,...
The Loonie Continues to Soar
The US Dollar was lower against most of its major pairs on Friday. On the U.S. economic data front, retail sales gained 1.2% on...
Week Ahead – Vaccine Hopes Torment Yen, All Eyes on Congress
It's a relatively quiet week, with the main highlights being the Eurozone's PMIs and the latest FOMC minutes. In the political arena, American and...
RBA Governor Casts More Light on Policy Options
Today Reserve Bank Governor Lowe made his bi-annual address to the House of Representatives Standing Committee, Economics.
His dominant theme is the need to support...
Cliff Notes: Evidence of Economic Resilience a Counterpoint to Fears Over COVID-19’s Persistence
Key insights from the week that was.
Surveyed just after Victoria entered stage 4 restrictions, our August Westpac-MI consumer sentiment survey was this week’s pivotal...
Weekly Focus – Market-Based Inflation on the Rise and Rising Global Yields
The COVID-19 spreading seems to have finally peaked in hot spots such as the US but, at the same time, we observe local/regional outbreaks....
Sunset Market Commentary
Markets
Disappointing Chinese data acted as a chill reminder the economic recovery would likely be bumpy. At the same time, the UK putting countries including...
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RBA Governor Casts More Light on Policy Options
Today Reserve Bank Governor Lowe made his bi-annual address to the House of Representatives Standing Committee, Economics.
His dominant theme is the need to support...
China’s Retail Sales Shrank Further, Evidencing Weak Domestic Demand
The latest set of macroeconomic data suggests that the pace of recovery in China remained slow, as a result of flooding and second wave...
End Of The Line For The LSAP – Review Of RBNZ August MPS
Like us, the RBNZ does not think that the medium-term outlook for the economy has changed much.
The RBNZ extended its Large Scale...
Crude’s Strength Might Pause as OPEC+ Output Set to Increase Further this Month
Crude oil prices remained firm, after the rally in July. The front-month WTI crude oil contract gained +2.36% in the first week of August,...
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...
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!
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...
Currency Pairs: What Pairs Are Better for Trading on Forex
A lot of currency pairs are available for trading in the forex market. Each currency pair has its own characteristics, which should be taken...
Fundamental Analysis in Forex Trading
In terms of Forex trading, Fundamental analysis aims at analyzing group of countries’ economic data and performance in order to compare them. The use...
Institutional FX Positioning: Don’t Fight The Flow
Informational Imbalances
The development of trends in FX markets relies on the aggregation of institutional order flow to drive a currency or currency pair in...
Self-Sabotage Revealed
In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks...
3 Steps to Building a Winning Mindset for Successful Trading
Statistics say that hardly 2% of traders actually make the cut. The remainders of the 98% are merely a flash in the pan. Some traders give up at the first taste of failure; others continue to spend money in hopes of finding the 'Holy Grail' of 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..
Accepting Losses and Learning to Trade Forex Systematically
Even the best forex traders in the world have losing trades - losing is a part of trading - but how do you react when you lose? How do you feel? If you're angry or sad; chances are you were risking too much, or taking a trade you knew you shouldn't - or both.
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...
The First Rule of Forex Trading: FX Market Types
Have you ever found that your trading system works great one day but fails miserably the next? Your problem is quite possibly market type identification. Too many Forex traders will trade the same way no matter what the market is doing. Instead look to identify the market type first, and then devise a strategy appropriate to that market type.
What are Range Bars? Trading Strategies Using the Range Bar
Range bars belong to a type of chart that is independent of time. Unlike the more conventional chart types such as the candlestick and...
Understanding Risk:Reward For Real Success
Learn From The Best
First entry into any new endeavour is fraught with challenges and in the pursuit of excellence, the experience is a priceless...
Tricks of the Trade – The Head and Shoulders Pattern, Part 1
How to catch better entries with the Head and Shoulders Pattern? In this series of articles learn the different ways you can trade the head and shoulders chart pattern. The first part of this article deals with setting more realistic target levels on the head and shoulders pattern.
How to Trade Using Oscillators
Using oscillators is very prominent in the world of trading, whether you are just beginning or have been trading professionally for years. Oscillators are based on math formulas and are categorized as inductive statistics. In forex, they make up a vital part of technical analysis since they are used to confirm market trends, signal when a trade is being overbought or oversold under extreme conditions, and also inform the trader when the market's movement is about to reverse due to loss of momentum.