Foreign Currency Trading

This short free Forex video is actually and advertisement video for the site www.MT4ErrorCodes.com but it describes how you can treat the errors generated by indicators or expert advisors in the MetaTrader 4 platform. It can be useful if you often suffer from the errors in MT4 and don’t know which error code means what.

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This Forex video tutorial tells us about the cross of the two EMAs (exponential moving averages) with the periods of 20 and 5 and the usage of this cross as the Forex trend indicator. A short introduction to the EMA cross is given and then the author of this video proceeds to showing how to use the given trend-detecting strategy on the MT4 charts.

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I was on CNBC last night talking about the FOMC minutes and the outlook for the U.S. dollar and Australian dollar

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Here’s a short Forex video tutorial on using the Bollinger Bands indicator during the ranging markets — the best type of market for this standard indicator, in this video author’s opinion. Bollinger bands are good in ranging markets because they actually display the limits of the range, allowing easy trades on pull-backs. Basic conditions and chart examples are given in the video.

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This Forex video tutorial tells us about the popular standard MT4 indicator — Alligator. It was developed by Bill Williams and is successfully used in technical analysis by many Forex traders. This series of 2 videos talks about the indicator’s history and basic principles; it explains how Alligator can be used with other indicators and finally, demonstrates the usage examples on the MetaTrader charts.

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These three Forex videos show a rather popular mistake among the gambler-type Forex traders that is averaging down. Although in the example shown in the videos the result isn’t so bad, the overall practice is potentially very dangerous. Watch this interesting video series and you won’t regret it.

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Bernanke’s support for the U.S. dollar and Federal Reserve President Lacker’s comment this morning that the central bank is paying close attention to the value of the greenback has driven the buck higher against all major currencies. The last time Bernanke surprised the market with a comment on currencies was back in June. According to the following hart, the EUR/USD fell 4 percent in the 2 weeks following Bernanke’s comment. However after a month of consolidation, the uptrend resumed. I am a long term USD bear Why The Dollar Could Fall Another 5-7 Percent but as a trader first and analyst second, I know that uptrends do move in straight lines. Shaking out the shorts are needed to get some fresh blood into the markets. Interestingly enough, a 4 percent drop in the EUR/USD would take the currency to 1.44, the former breakout zone. I think any drop will be limited to 1.4650-1.47.

Take a look at the chart and make your own judgement. I am leaving for the Las Vegas Traders Expo tomorrow. Come by the GFT booth to say hi if you are attending.

Source: eSignal

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This free Forex video offers presents a short discussion on the support and resistance levels and how are they related to trendlines. The example EUR/USD chart of various timeframes are used.

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This video demonstrates how the M15 (15-minute bars chart) timeframe EUR/USD Forex trading technique can be applied to the weekly timeframe chart (W1) with rather good results.

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This Forex video tutorial demonstrates how to properly identify and draw trend line on the candlestick charts and then use the resulting chart picture to find the right trading entry and exit signals for the given currency pair.

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