Daily Analysis
EUR/USD: This market has been moving steadily in the...
The Direction of Highest Probability on the Weekly chart remains Bearish unless price makes a higher high (1.2011). On the Daily chart I can see that the counter trend line was broken to the downside suggesting that price is moving to the Fiboinacci D extension at 1.1593. I am not going to engage in any sell trades at this stage due to the USDOLLAR index not being confirmed ...
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Broker Reviews
CM Trading Review
CMTrading.com provides a unique Forex brokerage service with its financial center located in Johannesburg, South Africa. It also has an operating...
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Formax has a “Straight Through Processing” (STP) technology that routes directly to major liquidity providers such as banks and larger Forex...
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HYCM is a high-class brokerage firm that has a long history of service. HYCM was formerly known as HYMarkets.com. HYCM stands for “Henyep Capital...
Read Full Review24FX Broker Review
The leading “best practices” observed in the Forex industry are also incorporated in 24FX. Since it is an ECN/STP broker, minimal slippage and...
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Forex Glossary
Why Trade the Forex Market
More Bang for Your Trading Dollar! You may ask yourself, “Why would I want to trade the FOREX?” The answer is simple… it’s called
Continue ReadingForex 101
Introduction to the Forex The purpose of trading on any market is to buy low and sell high. The foreign currency market FOREX is no exception. The
Continue ReadingHow to Use Forex Market Indicators
Foreign Exchange indicators and charting software can be a great deal of help for savvy traders who know how to use them when trading the Forex. When
Continue ReadingClose a Position (Position Squaring)
To eliminate an investment from one’s portfolio by either buying back a short position or selling a long position.
Broker
An individual or firm that acts as an intermediary between buyers and sellers, usually for a fee or commission. A dealer, by contrast, performs the same service but commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.
Value Date
The date that both parties of a transaction agree to exchange payments.
