Foreign Currency Trading

Forex News and Information

Archive for December, 2009

Daily Currency Outlook — December 30th 2009

Posted by Forex Legend December - 30 - 2009 - Wednesday ADD COMMENTS

This daily currency outlook for the December 30 Forex trading session makes an overall preview of the major currency pairs and then focuses on the fundamental and technical factors that will influence EUR/USD by the end of the year.

Posted on Forex Video Zone.
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Economic and Technical View of the Currency Market

Posted by Forex Legend December - 28 - 2009 - Monday ADD COMMENTS

This video is an excerpt from the Forex trading webinar held by the famous Forex trader and writer Rob Booker. He presents his technical and fundamental analysis of the EUR/USD and GBP/CHF pairs based on the latest events and his view of the currency market.

Posted on Forex Video Zone.
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Doji in Context

Posted by Forex Legend December - 24 - 2009 - Thursday ADD COMMENTS

This Forex video features Steve Nison’s explanation of the improved use of the Doji candlestick pattern in the context of your actual trading environment. A must see video for all Forex traders that rely on the candlestick patterns in trading.

Posted on Forex Video Zone.
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Intraday Targets

Posted by Forex Legend December - 22 - 2009 - Tuesday ADD COMMENTS

This is a very interesting free Forex video lesson that focuses on such an important part of the day trading as the intraday targets for positions. Long-term targets shouldn’t be used for setting stop-loss or taking profits in the intraday trading, instead the average daily pips volume should be taken in account when you set your day trading targets. Watch the video to learn.

Posted on Forex Video Zone.
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GBP/USD Elliott Wave Analysis — December 20th 2009

Posted by Forex Legend December - 20 - 2009 - Sunday ADD COMMENTS

This video of the Elliott Wave analysis for the GBP/USD Forex pair depicts a definite down-movement expecting us during the next trading sessions, as the wave count on several timeframe suggests that we are currently inside a third wave (a bearish one).

Posted on Forex Video Zone.
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Bloomberg Interview on U.S. Dollar

Posted by Forex Legend December - 18 - 2009 - Friday ADD COMMENTS

I was on Bloomberg TV before the rate decision talking about the outlook for the U.S. dollar. Enjoy!

Here is my Instant Insight to the FOMC Announcement.

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How to Trade Economic Alerts on Forex Market

Posted by Forex Legend December - 18 - 2009 - Friday ADD COMMENTS

Watch this video to learn a good Forex strategy that can be used to trade the economic news coming out in the world. Placing the right stop and limit orders is vital when you are going to profit from the fast movements of the market.

Posted on Forex Video Zone.
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Timing Your Entries: When to Jump on Trend

Posted by Forex Legend December - 16 - 2009 - Wednesday ADD COMMENTS

This free Forex video tutorial explains how enter the trades if you spot a trend on a longer timeframe (using moving averages, for example) and an overbought/oversold conditions on the shorter timeframe (for example, with the stochastic oscillator indicator). This trend trading strategy uses only standard Forex indicators and is quite easy with the high level of success probability.

Posted on Forex Video Zone.
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Personal MetaTrader 4 Templates

Posted by Forex Legend December - 14 - 2009 - Monday ADD COMMENTS

This Forex video tutorial explains how to create two useful templates for the charts in MetaTrader 4 platform, using only standard indicators, to successfully use two basic Forex trading strategies.

First template (Bollma) includes the following conditions:

  • Exponential Moving Averages (EMAs), Bollinger Bands (BB) and Awesome Oscillator (from Bill Williams standard MT4 indicators).
  • Generates a signal on a clear cross between the EMAs.

Second template (Ichimoku) includes the following conditions:

  • Ichimoku Kinko Hyo indicator and EMAs.
  • Bullish cross of the EMAs above the Kumo cloud of Ichimoku is a bullish signal.
  • Bearish cross of the EMAs below the Kumo cloud of Ichimoku is a bearish signal.

The example is shown for the EUR/USD daily timeframe chart.

Posted on Forex Video Zone.
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Daily Currency Outlook — December 11th 2009

Posted by Forex Legend December - 12 - 2009 - Saturday ADD COMMENTS

EUR/USD is trading in the symmetrical triangle consolidation and the market participants wait for some technical and fundamental signs to move it either up or down. This video analysis is focused on EUR/USD, but it provides info on other major currency pairs too.

Posted on Forex Video Zone.
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