Currency Trading Information Channel
Day Trading the Index Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go straight down for another two points, and I want to get short, should I a.) enter immediately, b.) two points below support, or c.)should I wait for a pullback and then try to get short?
You've got to be patient enough to wait for entries that have two things: first - a high probability of immediate gain, and second - a small potential for loss if the worst happens and your hard stop gets hit. This principle applies to all entries, and it's useful to think about it when you're trying to decide whether to enter on a pullback or a continuation of a move.
Entering on a pullback offers less dollar risk than chasing the market because you can place your hard stop on the other side of support or resistance and risk only a point or two. (Of course, this doesn't mean you're going to hang around and let the market hit your hard stop if things go wrong.)
Entering on a pullback also gives you a better chance of gaining a point or so in the first 30 to 60 seconds of the trade. This is important, though very few people seem to be talking about it, perhaps it's a well kept secret.
I rarely (almost never) chase the market. Here's why. Usually, if you chase the market for your entry, you'll get filled about the same time the crowd's emotion is exhausted. The market will pull back and you'll have to get out immediately (if you're smart). On the other hand, if you're stubborn and you don't get out immediately, you'll have to suffer through the pullback and *hope* that the trend continues before your stop is hit. If the market gets close to your stop, you'll be tempted to move the stop away just a little bit. Once you give in to the temptation, you've got an expensive trading habit that may eventually take you out of the business.
Whenever you find yourself *hoping* that the market will come back and get you out of a bad position, you really have to head for the exits *now*. Don't even think about the commission, or all the time you spent waiting for the setup. just get out.
QUESTION: What if there is no pullback?
If the market breaks through support and keeps going down without a pullback, you just have to be a pro and let it go. All the lost opportunity in the world won't take your account balance down, but chasing high-risk, low-probability entries will cost you.
Mike Reed is author of TradeStalker's RBI Trader's Updates. He has been trading the Market for 23 years. His support and resistance numbers have been published on the internet since 1996. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com Copyright 2005 Mike Reed
MORE RESOURCES updated Mon. September / 16 / 2019
World FX Currency Trading Update: US Dollar Reversal? See It Market
The US Dollar Index reversed sharply when it found resistance Thursday at its regression trend channel. The Euro achieved its downside target and has ...
Forex Trading: Everything to Know About Foreign Exchange nairobiwire.com
Forex, also known as foreign exchange, FX or currency trading, has emerged as a viable venture for making money online for many Kenyans in recent years, ...
What Is Forex Trading And Why Is It Becoming So Popular? Novinite.com
Trading on the forex market has been slowly gaining popularity over the last 5 years.
What is forex trading and why it is going strong in 2019? Business MattersBusiness Matters
If you have a thing for money, business and trading, then you might have heard a lot about forex trading.
Oil-exporter currencies and safe havens gain after Saudi attacks CNBC
Currencies linked to the price of oil rose on Monday after an attack on Saudi Arabian refining facilities disrupted global oil supplies, while the Japanese yen and ...
Five tips for when you are struggling in FX trading ForexLive
When the going gets tough, the tough do these five things Tip#1 Deleverage The use of leverage is arguably the most important aspect of risk management and ...
Eagle FX Review: Forex Trading Platform Guide Blockonomi
Eagle FX is an online trading platform that hosts a number of popular asset classes such as cryptocurrencies, forex pairs, stock market indices, and commodities.
There is no need for extraordinary OPEC+ meeting for now - OPEC source ForexLive
They are trying to feed more calm into markets - those worried that OPEC+ supply will be disrupted - as this adds to the same message communicated by ...
Interest rate in forex trading: why does it matter? Capital.com
Learn more about interest rates in forex. Find out how interest rates work and why they are so important for forex traders.
Pound to euro exchange rate: Brexit buildup boosts the pound ahead of an uncertain week Express
AFTER the pound soared to its highest levels against the euro since June, following positive Brexit developments, all eyes are on the government to determine ...
JP Morgan to launch electronic currency trading platform in Singapore The TRADE News
JP Morgan is set to launch an electronic FX trading and pricing engine in Singapore early next year, following in the footsteps of several other institutions that are ...
Forex trading: eight risks you should evaluate Business MattersBusiness Matters
The term forex market stands for the foreign exchange market where traders buy and sell currencies from all across the globe.
RBC, TD Bank to pay C$24.5 million to settle forex trading charges: regulator Reuters Canada
Royal Bank of Canada and Toronto-Dominion Bank have agreed to pay a combined C$24.5 million ($18.5 million) to settle charges of foreign exchange trading ...
A peep into the world of foreign exchange Daily Nation
You may have heard about online trading in foreign exchange, also known as forex. You are also likely to have heard about how profitable this venture is.
European police arrest Dark Web counterfeit currency traders ZDNet
Over €1 million in fake notes has been seized across Europe.
Mugenda: How I landed into forex trading The Standard
Mr. Paul Mugenda, a forex trader based in Nairobi (PHOTO: Courtesy) The need to cope with the rising living standards has led many Kenyans into different ...
Former ION Trading chief appointed CEO of currency trading firm OANDA The TRADE News
Forex and currency trading firm OANDA has appointed industry veteran and the former chief executive of ION Trading Group as its new CEO. Gavin Bambury will ...
CFTC Charges Unregistered Forex Trading Firm And Its Principal With Fraud And Misappropriation - Exchange News Direct
CFTC Charges Unregistered Forex Trading Firm And Its Principal With Fraud And Misappropriation Exchange News Direct
The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the Southern District of New York against defendants Dominick Vincent ...
Travelex Japan opens currency exchange stores in Shin-Chitose Airport Japan Today
Travelex, the world's leading foreign exchange provider, has announced the opening of new "open concept" currency exchange stores at the Shin-Chitose ...
US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, USD/CHF DailyFX
It was a busy latter portion of last week in the US Dollar, as the currency initially spiked on the ECB announcement of *fresh* QE, with buyers pulling up short of ...
How to send money to Ireland Telegraph.co.uk
Do you want to send money to Ireland? Read a step-by-step guide to getting the best rates and *service* here.
Trading Support and Resistance DailyForex.com
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of September 15, 2019.
Cautious investors push dollar lower on mixed trade signals CNBC
The dollar fell modestly against the Japanese yen on Tuesday, suggesting investors were skeptical of the optimism expressed by President Donald Trump on ...
Rupee vs dollar: Indian currency trading 22 paise higher on easing of US-China trade tensions - Business Today
Rupee vs dollar: Indian currency trading 22 paise higher on easing of US-China trade tensions Business Today
The rupee appreciated by 22 paise to 71.58 against the US dollar on Friday following positive developments in the US-China trade talks. Besides, firm trend in ...
BIS paper studies spread of global currency trading Central Banking
Authors examine “patterns of diffusion” to understand rise of the renminbi.
Crypto News From Asia: Sept. 9–15 Cointelegraph
From Cointelegraph Japan: This week's selected cryptocurrency and blockchain news.
China's monthly data eyed as aussie rides trade optimism – Forex News Preview XM
The world's second-largest economy will see the release of its industrial production, retail sales, and fixed asset investment data for August early on Monday.
Forex Forecast: Pairs in Focus DailyForex.com
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 15, 2019 here.
Darb: Crypto and Fiat Currency Exchange with IEO Services newsBTC
Are you looking for an easy start in cryptocurrency trading? Maybe you are a step further and are looking for a place to promote your blockchain project?
Former HSBC forex chief Johnson loses appeal over US conviction Financial Times
Mark Johnson, HSBC's former chief currency dealer, lost his appeal against his conviction in the US for wire fraud over a foreign-exchange deal involving Cairn ...
RBC, TD seeking settlements over currency traders sharing private info BNNBloomberg.ca
TORONTO -- Canada's two largest banks are seeking to settle allegations that their currency traders used confidential information in chatrooms to gain potential ...
Japanese Yen Trading Higher In The Asian Session Action Forex
For the 24 hours to 23:00 GMT, the USD declined 0.05% against the JPY and closed at 108.12 on Friday. In the Asian session, at GMT0300, the pair is trading at ...
Register To Seminar - AUD/USD Trading Preparation for the Week Ahead DailyFX
DailyFX is the leading portal for forex trading news, charts, indicators and analysis. Every tool you need to trade in the foreign exchange market.
Weekly Forex Forecast for September 16 - 20, 2019 (EURUSD, GBPUSD, USDJPY, GBPCAD, Gold) - Daily Price Action
Weekly Forex Forecast for September 16 - 20, 2019 (EURUSD, GBPUSD, USDJPY, GBPCAD, Gold) Daily Price Action
Find out how Justin Bennett of Daily Price Action is trading EURUSD, GBPUSD, USDJPY, GBPCAD, and Gold this week! Watch the special video here.
Rupee tumbles in early trade on sharp rise in crude prices Khaleej Times
Traders said weak opening in domestic equities and sustained foreign fund outflows also weighed on the currency.
Macro Trades: EUR/USD FXStreet
The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Friday at 12:30 GMT. The EUR/USD ...
Aussie Trading Lower, Ahead Of RBA Meeting Minutes Action Forex
For the 24 hours to 23:00 GMT, the AUD rose 0.26% against the USD and closed at 0.6881 on Friday. LME Copper prices rose 0.5% or $27.5/MT to $5870.0/MT.
CBK's warning over online forex traders Standard Digital
The Central Bank of Kenya (CBK) has warned members of the public against dealing with unlicensed and unregulated online foreign exchange dealers.
Global stocks mostly lower after oil prices surge Tampa Bay Times
Associated Press. BEIJING — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility.
JPY: 5 Reasons Why The BoJ May Cut Rates & Change Framework Next Few Months -... Forex Crunch
The Bank of Japan convenes only 12 hours after the Fed and may introduce *fresh* stimulus of its own. What can we expect from the yen? Here is their view,
NZD/USD: Is a Price Action Reversal Imminent? DailyForex.com
After a strong rally which took the NZD/USD from its support zone through its 38.2, 50.0 and 61.8 Fibonacci Retracement Fan Resistance Levels, price action ...
Register To Seminar - Weekly Trading Forecast: EURUSD and Risk Focus on Fed and Trade Rumors - DailyFX
Register To Seminar - Weekly Trading Forecast: EURUSD and Risk Focus on Fed and Trade Rumors DailyFX
DailyFX is the leading portal for forex trading news, charts, indicators and analysis. Every tool you need to trade in the foreign exchange market.
Forex Trading for Beginners Yahoo Finance
Forex trading can be an exciting and lucrative activity, but it can also be tough, especially for beginners. Newcomers underestimate the important of financial ...
Forex Week in Review DailyForex.com
The markets all had a positive week, again. Sterling continues its mini rally, but investors are working more on hunches than information, from the fundamental.
Raid on Chinese-manned firm exposes cryptocurrency scam INQUIRER.net
MANILA, Philipppines — Local authorities — acting on a tip from the Chinese government — have uncovered what could be a growing online investment scam ...
Technology hands start ups key to $5.1 trillion FX market Business Recorder
More than five years since global foreign exchange (FX) trading was tainted by a rigging scandal, a handful of banks are more dominant than ever and show no.
Currency Trading for Beginners Benzinga
If you're new to currency trading – look no further. FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning ...
Crude Oil Price Surge Flirts with Breaking 11-Year Chart Barrier DailyFX
Crude oil prices have challenged chart resistance capping gains since the 2008 global financial crisis having gapped higher after a drone strike on Saudi ...
Never lose hope in currency trading business Rocky Mountain Collegian
Sponsored *Content*: Never lose hope in currency trading business A good trader will know about the right kind of performance in the business. It is very.
EUR/USD Technical Analysis: Will the Rally Continue? DailyForex.com
The EUR / USD rate finally caught the attention of traders by the end of last week's trading once the European Central Bank (ECB) announced massive stimulus ...
Trade currency pairs: your guide to trade currency pairs Capital.com
Trade currency pairs CFDs, shares, commodities, cryptocurrencies and indices through Capital.com's award-winning platform. No commission. FCA and CySEC ...
Future Returns: The Risk and Reward of Foreign Currency Exchange Markets Barron's
While most advisors recommend leaving the foreign currency exchange market to the pros, individual investors are increasingly entering the market as ...
UPDATE 2-London forex trading turnover surges to record high Reuters
Britain's daily foreign exchange turnover rose to a record high in April, the Bank of England said on Tuesday, as investors concerned about central bank policy ...
Forex Trading Philippines Benzinga
If you live in the Philippines, trading in the forex market has its own set of rules. Learn how to trade, and the best forex brokers to use for 2019.
Gold Price Rise May Struggle to Extend Before FOMC Rate Decision DailyFX
Gold price surge may struggle for follow-through, with markets turning their attention back to the upcoming FOMC rate decision even as the chart setup warns of ...
How to Start a Currency Trading Business Virtual-Strategy Magazine
Thinking on how to start a currency trading business? Then you are in the right place. Currency trading remains the largest financial market in the world.
Is forex trading profitable? Capital.com
Want to learn how to make money on forex? Find out the major factors to consider and learn how to profit from forex trading.
Learn the Basics of Trading Currencies FX Empire
Learning the basics in currency trading is not complicated. Building your own strategy to make and making it work is a different story.
Apply "the secret" to forex trading success ForexLive
What's "the secret" behind successful traders? The Forex market is the largest trading network in the world with $1.8 trillion dollars being exchanged every day.
Forex trading – what are the best currencies to trade? Capital.com
In the world of currency trading, an essential fact is frequently overlooked, which is that foreign exchange rates are reference numbers, not expressions of ...
ForexLive Asia FX news wrap: Weekend attack on Saudi oil facility ForexLive
Forex news for Asia trading Monday 16 September 2019 Oil was the focus today with the attack on a Saudi Arabian production facility over the weekend. When I ...
Venezuela loosens currency exchange controls to allow forex trading Reuters
CARACAS (Reuters) - Venezuela will allow local banks to open foreign currency trading platforms as part of a loosening of the OPEC nation's exchange controls ...
Register To Seminar - FX Week Ahead: Strategy for Major Event Risk DailyFX
In this webinar, Senior Currency Strategist Christopher Vecchio will review key event risk in the week ahead and help strategize how to approach FX markets.
EUR/USD technical analysis: Mildly bid, but bull reversal remains... Forex Crunch
EUR/USD on Friday failed to confirm a bullish close above 1.1087. Key trendline hurdle is the new level to beat for the bulls. EUR/USD is currently.
VertoFX raises $2M for its African and EM currency trading platform TechCrunch
VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital ...
What you need to know about Forex trading The Standard
There are many benefits and advantages of trading forex. Nevertheless, key among them is that there is no waiting for the opening bell.
Retail forex trading set to go live today Economic Times
Mumbai: A new retail currency trading platform goes live today enabling thousands of small businesses to trade at market prices, possibly ending years of ...
Best platform for Forex trading Augusta Free Press
Forex or as most people know it, foreign exchange, is a decentralized world market where people can trade, buy or sell currencies.
A Guide to Trading Forex in Canada Benzinga
Looking to trade forex in Canada? Read our guide to learn about the rules, regulations, and the best brokers to use in 2019.
The Bank of Tanzania Studying Cryptocurrency and Online Forex Trading Impact in Tanzania - bitcoinke.io
The Bank of Tanzania Studying Cryptocurrency and Online Forex Trading Impact in Tanzania bitcoinke.io
A circular from the Central Bank of Tanzania shows that the bank is conducting a study to assess the extent of cryptocurrency impact on the Tanzanian economy.
Best Trading Platforms For Forex Trading In 2019 NuWire Investor
Thanks to a rapid rise in the number of trading platforms over recent years Forex still comfortably remains the world's most popular market. It has simply never ...
FX Trading - Currency Trading FXTM
Discover the details of foreign exchange, currency trading, currency pairs, forex market hours, forex trading fundamentals, trading signals and more. | FXTM ...
The Twilight Trading Hour Strikes Currency Markets Again The Wall Street Journal
There is a fragile spot in the $5.1 trillion currency market: early morning in Asia. This one- to two-hour period when U.S. traders are heading home—but market ...
Why Forex Trading is growing 7NEWS
It might come as a surprise that foreign exchange is not a 'relatively' new means of trading. Here are some reasons why retail forex trading is growing.
What Are The Benefits Of Forex Trading? ValueWalk
As already mentioned, Forex trading does not cost a lot of money if you are beginning, especially when compared to equity markets.
What is Forex Trading? Complete Beginner's Guide MoneyCheck
Forex is the art of buying or selling one currency for another - Find out more in our complete guide to Forex Trading for Beginners.
The currency-trading scandal continues to dog the banks The Economist
Banks are in the frame for Britain's latest collective-action claim.
A Detailed Look at Forex Trading Kalkine Media
In simple terms, forex trading, is the currency trading. It is one of the most liquid and traded financial markets in the world, with transaction volume exceeding $ 5 ...
How to Start Forex Trading in South Africa: A Complete Guide • Benzinga Benzinga
Learn more about how to start trading forex in South Africa, including what you'll need to start and the best forex brokers.
Forex Trading – What You Need to... Forex Crunch
Forex trading is popular with many people because you do not need to make a large investment to get started. However, while it's certainly possible to.
5 Reasons Why You Should Work With Forex Brokers When Trading NuWire Investor
A forex broker is an individual or a company that carries out a trader's orders in order for them to create profit in the market. In order to ensure success, one must ...
Bitcoin Forecast: Continuing to Drift DailyForex.com
Bitcoin markets tried to rally initially during the trading session on Friday as we continue to see a lot of confusion and sideways chop overall.
How to Trade Forex | Forex Trading Examples IG Bank
Follow six steps to easily start trading forex. See forex trading examples, learn how FX markets work and find out what you need to do to place your first trade.
8 Trading Strategies for a Low Volatility Forex Market Nasdaq
Are you frustrated by tight ranges and getting chopped up when currency rates do not move as much as expected? Are you frustrated by the lack of sustainable ...
Learning the basics of forex trading The Financial Express
You need to invest through a Sebi authorised broker to ensure that your forex trading actions are legal.
Forex trading: Understanding account types and differences ForexLive
Instaforex: See what different account options are available to FX traders There are a number of different account types available in the FX sphere and this article ...
Investor’s Manual: What Is Forex? The Ticker Tape
The foreign exchange market (forex) allows investors to trade two currencies against each other. Forex rates are what it costs to exchange one country's ...
Forex Trading: 5 Best Tips for Beginners - VENTS Magazine
A lot of new traders enter the currency market daily. Trading in Forex market is exciting, efficient and offers exceptionally high liquidity. Forex trading profits can ...
Forex Trading Tools Benzinga
FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning customer *service*, actionable data and powerful ...
5 Tips for Investing in Currency | Investing 101 U.S. News & World Report
Currency can help balance a portfolio but investors must be careful.
Is Forex Trading Legal in Canada? Toshi Times
Before you venture into the Canadian forex market, understand the laws and the regulations. Note, the forex trading laws differ across the provinces in Canada.
How to be a forex expert ForexLive
What is the forex market Anyone who has ventured into the real marketplace would definitely have an idea what a Forex is and share the this horizon can bring.
How to Start a Career as a Forex Trader NuWire Investor
Making a consistent profit in the forex trading industry is extremely hard – something many newbie investors find out the hard way. Before you dive into a life of ...
Must Know Essentials about How to Do Forex Trading The Costa Rica News
Similar to any other business, forex trading has become a fast adaptable industry for both investors and entrepreneurs. Fortunately, not much is needed to.
How Does Forex Trading Work? FinSMEs
Forex trading is one of the most profitable money-making options — a successful trader can double their investment in 6 months.
Is Forex Trading a Scam? DailyForex.com
Where there is money involved, there are scammers. the potential rewards in trading are higher, but, some of the best traders in the world make 20% a year.
Tehran to tackle currency woes with new forex Al-Monitor
Iran plans to launch a new integrated foreign exchange market to tame hard-currency volatility, though that goal is far from assured.
Brokers brave China's FX market crackdown in hunt for household high rollers Reuters
SHANGHAI/SINGAPORE (Reuters) - Lured by hopes that China's retail investors could become major players in global currency markets, foreign brokers are ...
Forex traders fret as sleepy markets slow to calmest in years Reuters
LONDON (Reuters) - The $5.1-trillion-a-day foreign exchange market is suffering more than most from central bank decisions to move in tandem and keep ...
Forex trading platform for retail participants ready for roll-out on Aug 5: RBI BusinessLine
The Reserve Bank of India, on Thursday, said the electronic trading platform for buying/selling foreign exchange by retail customers of banks is ready for rollout ...