Foreign Currency Trading

Forex News and Information

Forex Technical Analysis — May 24th 2010

Posted by Forex Legend May - 24 - 2010 - Monday ADD COMMENTS
This video offers a technical analysis of the major currency pairs based on the simple Forex indicators and the trendlines. Posted on Forex Video Zone. Go to Source

USD/CHF and EUR/USD Relation

Posted by Forex Legend May - 22 - 2010 - Saturday ADD COMMENTS
This video describes the relation between USD/CHF and EUR/USD currency pairs in Forex. You’ll also get the outlook for these pairs for the near future. Posted on Forex Video Zone. Go to Source

Euro Headed to 1.20?

Posted by Forex Legend May - 20 - 2010 - Thursday ADD COMMENTS
I was on CNBC Australia last night talking about why the EUR/USD could hit 1.20
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Daily Currency Outlook — May 20th 2010

Posted by Forex Legend May - 20 - 2010 - Thursday ADD COMMENTS
Some currency trading opportunities for today’s Forex session are listed in this technical analysis of major monetary pairs. Posted on Forex Video Zone. Go to Source

Daily Technical Update — May 18th 2010

Posted by Forex Legend May - 18 - 2010 - Tuesday ADD COMMENTS
This free Forex video features a technical analysis for EUR/USD, GBP/JPY, CHF/JPY and NZD/USD. The analysis is based on the simple Forex indicators and offers some helpful entry and exit insights. Posted on Forex Video Zone. Go to Source

The Law of Charts Basics

Posted by Forex Legend May - 14 - 2010 - Friday ADD COMMENTS
This video tutorial offers an explanation of the basics of the Law of Charts trading method developed by Joe Ross. You’ll learn to detect several important chart patterns for your trading and you’ll also see some actual Forex trade examples with the application of this method. Posted on Forex Video Zone. Go to Source

USD/CAD Hits Targets - Update

Posted by Forex Legend May - 12 - 2010 - Wednesday ADD COMMENTS
If you caught my post last week, I said my favorite trade at this time is short USD/CAD. I was looking for a move to 1.0150 (at that time it was at 1.04), which was reached earlier today. Here’s the chart. Here’s the USD/CAD setup. It could still head lower. The fundamental reasons for my original idea still hold so I remain bullish CAD. I am extremely bullish Canadian dollars following the hot employment report. A total of 108.7k Canadians found new work in the month of April, driving the unemployment rate from 8.2 to 8.1 percent. Not only was this the fourth consecutive month of positive job growth but also the strongest job ...

Weekly Elliott Waves

Posted by Forex Legend May - 12 - 2010 - Wednesday ADD COMMENTS
This video presents a detailed explanation of how the weekly Elliott Waves are working in Forex. It’s a good lesson for the long-term Forex traders and for the rest of them, who wish to trade inside a definite long-term trend. Posted on Forex Video Zone. Go to Source

Forex Technical Analysis — May 10th 2010

Posted by Forex Legend May - 10 - 2010 - Monday ADD COMMENTS
The extra-volatile situation in the Forex market last week suggests some correction in the beginning of this week. It’s better to wait for the Forex market to gain a new trend before going into trades. This technical analysis video will show you the important levels for the major currency pairs for today. Posted on Forex Video Zone. Go to Source

Payrolls, Greece and USD/CAD

Posted by Forex Legend May - 8 - 2010 - Saturday ADD COMMENTS
So My Favorite EUR/GBP Setup was a complete dud - but you win some and you lose some . Here are some recent sound bites from articles that I have written on Non-farm Payrolls, Greece and Beyond If Non-Farm Payrolls Was Strong, Why Did the Unemployment Rate Rise? We saw an erratic reaction in the forex market on the heels of NFPs because the report contained both good news and bad news. On the bright side, more Americans have found work and census hires only contributed a small portion to the payroll gains. Of the 290k jobs created last month, 231k were in the private sector which is needed for sustainable recovery in the labor market. Hiring was particularly aggressive in ...