Sterling gains in forex tradingThe U.K. pound saw a bump in currency trading on the FX market following the news that the Bank of England may cut interest rates further. Additionally, the minutes from the last BoE meeting show that the decision to cut rates by 150 basis points was unanimous.
Sterling is seeing some gains […]

Posted in RSS No Comments »

Ruble struggles on FX marketThe Russian ruble has begun to depreciate on the FX market, with some help from the government. But external forces aren’t helping the place of the ruble in currency trading much, either.
One of the biggest factors affecting the Russian ruble in forex trading is the fact that oil prices are falling. […]

Posted in RSS No Comments »

Exports are more important than the yen in currency tradingFor years, the Bank of Japan and other Japanese officials have made it clear that exporters are more important than the strength of the yen in currency trading. Indeed, the BOJ has been largely content with a weak yen in order to ensure that its exports […]

Posted in RSS No Comments »

Greenback could be getting ready for another surge in currency tradingThe U.S. dollar is showing some stability in FX trading on the currency market today. It has been fairly even the last couple of sessions, in a marked departure from recent volatility.
The greenback could be gearing up for another surge in currency trading, however. The […]

Posted in RSS No Comments »

Free practice forex trading accountOne of the best ways to learn something is to practice it. This is true of currency trading on the FX market. However, it can be daunting to practice something as risky and volatile as FX trading with your own money.
This is why GFT offers a free practice forex trading account. […]

Posted in RSS No Comments »

Sears Holdings (SHLD) is a large retail stock I tend to follow from time to time, but today I noticed just how far the stock has fallen this year and since 2007.  Let’s take a look at the devastation long-term SHLD investors have endured recently.
SHLD Weekly Chart:

Price reached an all-time high at $190 in April, […]

Posted in RSS No Comments »

As we head into the ‘lunch’ period, I wanted to show a fascinating price structure occurrence that led to a couple of high-probability, low risk trading opportunies this morning.  It includes a Daily R1 Pivot Point, a negative momentum Divergence, and a possible complete Elliott Wave minor count.  Let’s see them in action.
DIA 5-min chart:

The […]

Posted in RSS No Comments »

Currency trading with the kiwi and the AussieIn currency trading, the kiwi and the Aussie are having trouble right now. The down under currencies are declining in FX trading as risk aversion remains, and as the global economy continues its descent into recession.
Both the kiwi and the Aussie are commodity currencies, and they rely on […]

Posted in RSS No Comments »

Understanding what it means to be on the spot marketOften, currency trading in real time is referred to as a "spot trade." When learning forex trading, it can help to understand what such terms mean.
Spot trade
Basically, a spot trade is a currency trade (it can also apply to commodities) that takes place "on the spot," […]

Posted in RSS No Comments »

U.S. dollar set to gain in currency tradingRecently, the only currency that has been giving the greenback trouble in FX trading has been the Japanese yen. However, the forex trading forecast for the dollar/yen shows that things may be changing.
Right now, due to risk aversion, the Japanese yen has been gaining against the U.S. dollar […]

Posted in RSS No Comments »