Foreign Currency Trading

Forex News and Information

How to Trade Pin Bar 50% Retracement

Posted by Forex Legend May - 14 - 2009 - Thursday ADD COMMENTS
This Forex video tutorial explains how to trade on the pin bar 50% retracement chart pattern. his method is based on the Japanese candlestick pin bar pattern. The video will show you how to set up an appropriate stop-loss and where the profit level will probably lie. Posted on Forex Video Zone. Go to Source

Japanese Yen: Trading At Critical Levels

Posted by Forex Legend May - 12 - 2009 - Tuesday ADD COMMENTS
The U.S. dollar has sold off significantly against the Japanese Yen over the past 2 trading days. It is nearing a very important support level. If it breaks that level, we could see a test and potential break of 95. Given that equities are pressuring USD/JPY lower, a “break” of the 95 level would be contingent upon a top in equities. In my special report on FX360, I talk about the fundamental reasons behind the sell-off in USD/JPY. On a technical basis, the chart below illustrates how USD/JPY is approaching very critical levels. We have a major head and shoulders pattern in place, the currency pair is attempting to enter the sell zone according ...

London Trading Session Preview — May 12th 2009

Posted by Forex Legend May - 12 - 2009 - Tuesday ADD COMMENTS
Today’s release of the London Forex trading session from David Pegler features a rather complex trading plan for GBP/JPY intraday action, involving Fibonacci retracements analysis. Posted on Forex Video Zone. Go to Source

Introduction to Forex

Posted by Forex Legend May - 10 - 2009 - Sunday ADD COMMENTS
An introductory Forex trading video that won’t be of any use to the experienced traders but is an excellent beginning for those who are new to the foreign exchange market. Posted on Forex Video Zone. Go to Source

EUR/USD: Fade Non-Farm Payrolls

Posted by Forex Legend May - 8 - 2009 - Friday ADD COMMENTS
Most people know that non-farm payrolls is notoriously difficult to trade. However. I want to point out that in each of the past 4 months, the knee jerk reaction in the EUR/USD was quickly erased. This suggests that the initial move is “fade-able.” Take a look at the 5 minute charts yourself to see how the EUR/USD traded intraday on the heels of the Non-farm payrolls report. Also read my article, April Non-Farm Payrolls Preview: The Charts that Matter Go to Source

Getting Ready to Non-farm Payrolls — April 8th 2009

Posted by Forex Legend May - 8 - 2009 - Friday ADD COMMENTS
This video Forex preview offers trade set-ups based on the support and resistance levels ahead of the today’s non-farm payrolls report release in United States. Posted on Forex Video Zone. Go to Source

Forex training

Posted by Forex Legend May - 6 - 2009 - Wednesday ADD COMMENTS
Information is the answer to victory and an enlightened Currency exchange trader will have a larger understanding of the market, letting them make better profits from trading. There's a ton of info accessible on currency trading on loads of sites, offering guidance. You may learn a great amount from these step by step guides. However, one main problem with the guidance available though the web is that it is frequently extraordinarily patchy and can be short of any real structure. If you're serious per currency trading, in that case there's little hesitation that you'll have to end up getting a good study course particularly on Currency exchange coaching which presents the study materials in both a structured and logical demeanour. ...

3 New Features on FX360

Posted by Forex Legend May - 6 - 2009 - Wednesday ADD COMMENTS
As I have previously promised, we are continuing to add new and exciting features to FX360.com Here are two features that we launched today: Trade Recommendations Tab (right side of homepage) Don’t just believe us when we say that our Technical Analysts are good at picking trades. See for yourself. We have launched a tab for Trades that are Setting up (trades to watch) and Trades in Progress to keep them accountable! User Commenting (all articles) We have now added the ability to post comments to all of our articles. So tell us if you agree, disagree, want clarification or if you simply want to add your two cents. ...

Forex Trading Session Preview — May 6th 2009

Posted by Forex Legend May - 6 - 2009 - Wednesday ADD COMMENTS
This Forex trading preview video features USD/JPY, EUR/USD, GBP/USD, USD/CHF and EUR/JPY possible swing trades during the next Forex session. Posted on Forex Video Zone. Go to Source

Introduction to Forex Rates, Charts and Trading System

Posted by Forex Legend May - 4 - 2009 - Monday ADD COMMENTS
In this video tutorial you’ll find out about Forex rates and how to read them, you’ll see how the Forex charts work and how traders use them and you’ll be introduced to the simple Forex trading system that’s capable of making profits in the currency market. Posted on Forex Video Zone. Go to Source