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I was on the Business News Network talking about this morning’s U.S. and Canadian employment reports. Click on the image to access the video:
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The basic of the money management and the proper position size calculations are presented in this short Forex video tutorial.
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I was on CNBC Europe this morning talking about Volcker’s speech today and outlook for ECB and BoE rate decisions
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This technical analysis video for the major Forex currency pairs focuses on the dollar and its probable return to strength after showing 2 days of correction. Both fundamental and technical points of view are covered in this video. EUR/USD is a featured pair as almost always.
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The U.S. dollar has had an incredible run over the past 2 months, leading many traders to wonder whether the dollar is overvalued. The answer is NO. Based upon purchasing power parity, all of the major currencies are still very overvalued against the U.S. dollar - particularly the Aussie.
What does this mean? From a valuation stand-point, the dollar still has room to rise.
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Every Forex trader knows that trading with support and resistance levels can be profitable and rather safe. But how to achieve this? How to use the support and resistance levels to profit from them. Watch this Forex video to see the explanation and the actual trading examples of using the support and resistance method for a safer trading.
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The Great Recession is now in our rear-view mirrors and with GDP growth of 5.7 in the fourth quarter, the recovery looks well underway. However, the surge in growth is unlike anything we have seen in a while. The recessions of the early 2000’s and 1990’s saw inconsistent growth after the recession ended. After the 2001 recession, growth peaked at 3.5% before falling back to 0.1% by 2002. The early 90’s recovery saw growth reach 4.5% before declining to a tepid 0.7% a year later.
However the 1980s recession may once again be our best guide for how the current recession may fare.
The recession ended in 1982 and by 1983, the U.S. economy was growing at extremely ...
Over the past few trading days, the British pound has been confined to a very tight trading range. The following chart illustrates the predicament that GBP/USD traders find themselves in right now and I believe that the breakout will be to downside with the GBP/USD testing 1.60 in the near term.
This morning, Standard & Poor’s announced that “We no longer classify the United Kingdom (AAA/Negative/A-1+) among the most stable and low-risk banking systems globally” and I have to say that this is HUGE. S&P had already lowered the U.K.’s place in its Banking Industry Country Risk Assessment gauge to Group 3 from Group 2 on Dec. 21. The risk of investing in the U.K. is now on ...
Watch this free Forex video to learn how the market volatility affects the currency pairs. You’ll understand how to use the volatility to your advantage in Forex trading by using the volatility-adjusted stop-loss and take-profit orders based on the standard ATR (Average True Range) indicator that is available on almost all trading platforms. Knowing how to use the market volatility is vital for the professional foreign exchange traders.
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Fundamentals continue to worsen, technical analysis suggests a continuation of a downtrend — so, for EUR/USD it’s all quite clear. Other currency pairs will probably follow the general trend set up by the Euro/Dollar. Watch this Forex analytical video for more details.
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