Currency Trading Information Channel
Mechanical or Discretionary Trading - Which is Best?
Pure discretionary trading will rely solely on the traders judgment. For example a discretionary trader may spot a particular pattern developing on a chart and decide to enter a trade on that basis. It would be impossible to systemise their trading because it relies on subjective judgments and 'gut' feel.
Pure mechanical trading involves the development of trading rules that cover every situation, from entry to exit and position sizing. The trader is executing a predefined plan. They must however take every trade that the system gives them which can be difficult if the trader begins to 'think' too much!
Both sets of trader are working hard at different times and at different things. The mechanical trader spends time developing a system and does not need to think whilst trading, merely executing a plan. The discretionary trader has to be thinking all the time that they are trading and can suffer from 'information overload'.
Which is best?
The answer is probably a combination of both approaches. Coming to the market with a proven strategy rather than relying on gut instinct is far less stressful and gives the trader more confidence. However the markets are always changing and one trading strategy will not work forever - i.e. the Turtle Traders. Strategies will always need updating.
Many traders will use a mechanical system to generate buy and sell signals but then use discretion, reading the market, to attempt to gain better fill prices.
All successful traders will use some sort of proven trading strategy to begin with but the level of discretion allowed by it will vary. A trader with no plan at all will fail.
Tim Wreford runs Online Futures Trading, a website that provides information and resources for traders. Tim also provides a free day trading system, the results of which are updated daily on the site.
MORE RESOURCES updated Sun. July / 21 / 2019
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 ...
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 ...
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.
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.
Forex Trading Opportunities For the Week Ahead [Video] FXStreet
About the Author Sam Eder is a currency trader and author of "The Definitive Guide to Developing a Winning Forex Trading System" and "The Advanced ....
Trading a Currency War: Stay Clear, Buy Gold, Deutsche Bank Says Bloomberg
Should U.S. foreign-exchange policy spur a global currency conflict, Deutsche Bank AG sees gold as the ultimate victor.
The essentials of trading currency Dhaka Tribune
Many people enter the forex market not really understanding what it is or why they are even wanting to trade. You might have heard that you can make lots of ...
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 ...
FCA seeks to ‘give teeth’ to forex trading code with endorsement Financial Times
The UK's financial regulator has endorsed a voluntary code outlining good conduct in currency trading for the first time, in a move intended to boost compliance ...
Japanese stocks lead decline in Asia amid renewed threat to trade CNBC
Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to ...
StanChart Whistle-Blower Says U.S. Missed Billions in Trade Bloomberg
Standard Chartered Plc's transactions with Iran were worth tens of billions of dollars more than previously known, a whistle-blower said in a lawsuit claiming the ...
Learn how to short a currency IG
Discover how to short a currency, including how it works and some of the financial instruments you can use to go short.
Tanzania issues new rules to tighten foreign currency exchange controls Reuters
DAR ES SALAAM, June 25 (Reuters) - Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is ...
Wall Street Trading Costs to Surge as New Rules Hit Derivatives Bloomberg
Wall Street's heavyweights are prepping their clients for bad news: Some trades are about to get a lot more expensive.
Currency intervention: Here’s how the U.S. could move to weaken the dollar MarketWatch
President Donald Trump's grumbles about the relative strength of the U.S. dollar has analysts pondering the potential return of currency intervention. Here's...
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.
Listless currency markets frustrate forex traders, Companies & Markets News & Top Stories - The Straits Times
Listless currency markets frustrate forex traders, Companies & Markets News & Top Stories The Straits Times
LONDON • Currency markets are so listless that the head of European foreign exchange (forex) sales at Nomura has taken to selling bonds instead.. Read more ...
Slumbering FX confounds traders, prompts fear of rude awakening Reuters
LONDON (Reuters) - Currency markets are so listless, the head of European foreign exchange sales at Nomura has taken to selling bonds instead.
Arbitrage trading in forex explained IG
Before talking about arbitrage in forex trading, it is important to define arbitrage in general. Simply put, arbitrage is a form of trading in which a trader seeks to ...
Three indicted for illicit currency trade services Taipei Times
The Taipei District Prosecutors' Office yesterday indicted the owner of a Taipei-based company and two accountants after an investigation implicated them in ...
Sentiment Analysis for Forex Trading MENAFN.COM
(MENAFN - DailyFX) entiment analysis can be a useful tool to help traders understand and act on price behavior. While applying sound technical and.
The Week in Business: A Suddenly Vulnerable Netflix The New York Times
It has been a hot week, with no relief in sight. If you've spent it assembling a wall of fans and air-conditioners, you may have missed some business and tech ...
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.
Why Zimbabwe has banned foreign currencies BBC News
Zimbabwe's government has taken the controversial decision to ban local trading in foreign currencies, including the US dollar, with immediate effect. It has also ...
What are the most volatile currency pairs? IG
Learn about some of the most volatile currency pairs and how you can trade them.
'Rupee may face subdued and sideways move in coming week against US dollar' Moneycontrol
Manali Bhatia. US Dollar/Indian Rupee bounced back from the support levels of 68.4. Last week, the currency pair formed the “Doji” candlestick pattern at the ...
GenSan pushes regulation of forex trading activities pna.gov.ph
GENERAL SANTOS CITY -- The city government is pushing for the proper regulation of foreign currency exchange or forex trading and other related investment ...
Fitch affirms Germany at AAA with a stable outlook ForexLive
Germany keeps its top rating Any country that can borrow at -0.3% for 10 years isn't in danger of default. They get paid to take on debt. ForexLive By Adam ...
Rupee Edges Higher To 68.81 Against Dollar NDTV News
The rupee opened higher and moved in a range of 17 paise against the US dollar on Thursday. After opening on a strong note at 68.76 against the dollar, the ...
You may get better forex rates on retail platform Livemint
Trading on the RBI-notified FX-Retail will start from 5 August, though registration for the retail forex trading platform opens from 1 July itself.Initially, banks would ...
Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs - DailyFX
Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs DailyFX
The forex economic calendar is chalk full of high-impact event risk next week and puts USD, EUR, AUD, NZD and CNH currency pairs in the spotlight.
US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD DailyFX
It was a wild week in US Dollar price action and with the Fed entering a blackout period ahead of the highly-expected rate hike later in the month, USD volatility ...
Global Profit Technologies, Inc. Announces Release of Global Currency Unit (“GCU”) GlobeNewswire
SCOTTSDALE, Ariz., July 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Global Profit Technologies, Inc., a US publicly traded company (OTCMKTS: ...
Pound to Euro forecast: Sterling gains back ground against the Euro as Euro is the weakest major currency of the day - Pound Sterling Forecast
Pound to Euro forecast: Sterling gains back ground against the Euro as Euro is the weakest major currency of the day Pound Sterling Forecast
The pound to euro exchange rate has made gains as we head towards the end of the trading week as it seems the euro has fallen out of favour with investors ...
Binance Research: most large Bitcoin and Ethereum investors hold stablecoins, use cold wallets - CryptoSlate
Binance Research: most large Bitcoin and Ethereum investors hold stablecoins, use cold wallets CryptoSlate
The research arm of Binance, the world's largest crypto exchange by trading volume, has published a report that analyzes the results of a survey completed by ...
Learn how to trade Forex at Mbombela seminar Lowvelder
For this reason, Forex trading has become a popular way for some South Africans to secure an additional income. Learn how to trade Forex by joining the ...
US dollar weakens after dovish Williams comments ForexLive
Weekly Outlook, July 22-26: Top 5 Economic Events Worth Trading This Week FX Leaders
Looking ahead to economic events, we have several manufacturing PMI figures coming out from the United States and Eurozone. Besides that, the ECB ...
RBI wants to extend forex trading timings to bring more global players Business Insider India
The Reserve Bank of India (RBI) is proposing to increase timings for forex trade. Currently the over-the-counter forex exchange-traded currency derivatives.
Singaporeans rush to buy pounds as British currency weakens sharply TODAYonline
SINGAPORE — Sharp falls in the pound sterling against a range of currencies, including the Singapore dollar, have sparked some heavy buying of the British ...
These 6 stocks have been dragged along by bitcoin's increasingly erratic trading | Markets Insider - Business Insider
These 6 stocks have been dragged along by bitcoin's increasingly erratic trading | Markets Insider Business Insider
Shares of Marathon Patent tumbled 19% on Thursday but are still up by more than a quarter this week. Marathon - which was in the uranium and vanadium mi...
A Fear at the G20 Summit: That the U.S.-China Trade War Turns Into a Currency Conflict Fortune
Failure by the U.S. and China to reach a trade truce could see the yuan slide, triggering similar moves among currencies the world over.
Dollar falls as Fed's Williams' remarks stoke rate-cut bets CNBC
The dollar extended its losses against the euro, yen and other major currencies on Thursday as remarks from New York Federal Reserve President John ...
Will the ECB live up to investor expectations? Financial Times
Market Questions is the FT's guide to the week ahead.
Gold Price Rally Hits Forecast Target - What’s Next for XAU/USD? DailyFX
Gold prices moved up to another *fresh* 2019 high today, hitting a key Fibonacci extension in the process. What does this mean for the near-term gold price ...
USDMXN trades to highest level since June 10 ForexLive
Looks toward the 200 day MA at 19.35557 The USDMXN has extended to a new high for the day at 19.33438. That took out the highs from the end of June at ...
What The RBI Hopes To Achieve By Extending Forex Trading Hours BloombergQuint
An internal working group of the Reserve Bank of India has proposed longer trading hours for the foreign exchange markets, as a way to counter the growing ...
Online article on digital currency trading passing off as ST report is fake The Straits Times
SINGAPORE - A fake news article on digital currency trading passing off as a report by The Straits Times has been making its round online.. Read more at ...
Gold Price Outlook: Breakout Trade Levels – XAU/USD Weekly Chart DailyFX
Gold is virtually flat for the month with price holding within a well-defined consolidate pattern. Here are the breakout levels that matter on the XAU/USD weekly ...
Will this new platform for retail foreign exchange customers benefit you? Economic Times
Customers can expect their overall foreign exchange transaction costs to come down with this facility- a centralised electronic forex trading platform— FX-Retail.
Riyad Capital launches forex trading services Arab News
Riyad Capital has announced the launch of Forex Contracts Trading *Service* via Riyad Forex. “This *service* comes along with multiple options of currencies ...
World shares mixed as China reports economic slowdown News 12 New Jersey
(AP Photo/Ahn Young-joon). Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, ...
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 July 21, 2019.
Oil Price Chart: Crude Crushed Down to Support – WTI Trade Levels DailyFX
Oil prices have sold off for the past five days with crude now approaching the first major support zone. Here are the levels that matter on the WTI technical charts.
Pound to Euro exchange rate: Will the appointment of a new PM boost Sterling? - Pound Sterling Forecast
Pound to Euro exchange rate: Will the appointment of a new PM boost Sterling? Pound Sterling Forecast
Sterling has dropped in value against the majority of major currencies for most of the month. We currently have no PM and we remain in complete Brexit limbo.
Riyad Capital launches Forex Contracts Trading Service Saudi Gazette
RIYADH — Riyad Capital announced the launch of Forex Contracts Trading *Service* via Riyad Forex. This *service* comes along with multiple options of ...
Damage from cryptocurrency-related crimes estimated at 2.7 tln won Yonhap News
SEOUL, July 21 (Yonhap) – The financial damage caused by cryptocurrency-related crimes reached nearly 2.7 trillion (US$2.3 billion) over the past two years, ...
Illegal forex vending sucks in cops The Herald
Herald Reporters GOVERNMENT efforts to eliminate illegal foreign currency dealers from the streets of Harare are being hampered by the involvement of some ...
Dollar leads the currency markets; sterling and euro lose ground FXStreet
FTSE, dollar higher in early trade The markets are now rife with expectations that the Fed will imminently cut interest rates to the point that any co.
Seeking security in the forex market World Finance
Despite being one of the world's most precious metals, there was little interest in trading gold as a commodity for much of the 20th century. Global economies ...
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.
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 ...
Global Currency Reserve (GCR) Reaches 24 Hour Trading Volume of $24,952.00 Mayfield Recorder
Global Currency Reserve (CURRENCY:GCR) traded down 32.4% against the dollar during the 24 hour period ending at 16:00 PM E.T. on July 20th. Over the ...
BlackRock CEO: We Don’t Need Libra, We Need Technology Cointelegraph
To reduce fees in cross-border transactions, the world does not need Libra, but technology, BlackRock CEO argued.
No blanket crypto trading ban yet in India Livemint
New Delhi: Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the ...
Market Morning Briefing: Dollar-Yen Is Trading Near Support At Current Levels Action Forex
STOCKS. Equities continue to trade lower. The renewed concerns on the US-China trade war on one side and increasing hopes for a rate cut from the Fed later ...
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.
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 ...
Swiss Franc Trading Higher In The Morning Session Action Forex
For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.9880. In the Asian session, at GMT0300, the pair is trading at 0.9875, with ...
St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency Cointelegraph
St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his ...
Trade currency pairs: your guide to trade currency pairs Capital.com
Currency trading takes place on the foreign exchange, or forex, market. The forex (abbreviated as FX) market is a global decentralised market for the trading of ...
Dollar Tumbles as 50bp Fed Cut Baked In But Beware EURUSD, AUDUSD Trades DailyFX
Monetary policy was the top fundamental driver this past session as Fed speak leverage 50bp cut forecasts.
Virtual currency can be done even for minors. Getting Started Benefits and... OBN
I'm curious if you can trade virtual currency even for minors. In conclusion, even minors can trade virtual currencies. As of July 2019, however, most exchanges ...
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.
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.
EUR/USD Forex Signal DailyForex.com
EURUSD: Can bears break below key support at 1.1200? Yesterday's signals were not triggered as there was no bullish price action at 1.1235.
The existential threat of Facebook's digital currency American Banker
If Libra becomes a major financial force, the stability of global finance is on the line.
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 ...
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.
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 ...
BTC Price Reclaims $10K After US Lawmaker Says Bitcoin Can’t Be Killed Cointelegraph
Bitcoin price is back above the key psychological $10000 level after a downward correction and some bullish comments from a U.S. lawmaker.
Gold Prices Target 2019 High as Fed Sets Course to Cut Interest Rates DailyFX
*Fresh* data prints coming out of the US may do little to curb gold prices as the Federal Reserve appears to be on a preset course to reduce the benchmark ...
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 ...
AUD/USD Forex Technical Analysis – Looking for Test of .6940 to .6914 FX Empire
The Australian Dollar is trading sharply lower at the mid-session on Friday and in a position to close lower for the week. After posting its second potentially ...
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.
Dollar Outlook: USD 2018 Uptrend In Focus on Aussie as Yen Gains? DailyFX
The Dollar uptrend from 2018 still holds, near-term price action could be overshadowed by medium-term bullish signals. As USD/JPY eyes support, AUD/USD ...
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.
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. However, it is also extremely ...
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 ...
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 ...
A Guide to Forex Trading in Hong Kong Benzinga
With FOREX.com, you will get competitive pricing, award-winning customer *service*, actionable data, and powerful trading platforms to help you make the best ...
Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing Cointelegraph
Patrick McHenry warned lawmakers that they would ultimately fail if they attempted to control decentralized cryptocurrencies.
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions Bloomberg
Follow Bloomberg on LINE messenger for all the business news and analysis you need. Singapore is grabbing an opportunity measured in milliseconds to win a ...
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.
Currency Traders Should Get Ready for Big Move in the Dollar Bloomberg
Currency traders should brace for a large move in the dollar, if past periods of low volatility are a guide.
Privacy Cryptocurrency Zcash Prepares for 'Friendly' Fork CoinDesk
In about five hours, the privacy-oriented cryptocurrency Zcash will spawn a new blockchain network called Ycash. It'll be the first of its kind to boast a ...
Are forex trading signals for you? ForexLive
What you need to know about signals from UBCFX Foreign exchange or forex is defined as the exchange of a nation's currency for that of another is. Overall, the ...
5 forex trading tips to help you find success in the market Born2Invest
Forex trading provides investors an immense opportunity to earn money. Here are some ways to become a top forex trader.
Proper Forex trading plans are never too aggressive AZ Big Media
Most control must come to risk management. There will be a good trading performance if you can handle the trading performance with that. In this article, we are ...
How to thrive in online currency trading Born2Invest
The online currency trading market has seen a steady growth rate fueled by technological advancements and the simple need to trade goods and services ...