Reality of Demo Account vs. Live Account -
Many of us have become successful traders paper trading. When real money is involved, the psychology of losing money changes our way of trading. This is a great article on how to ease the transition from paper trading to live trading.
Canadian Dollar Hits Six-Week High -
A larger-than-expected rise in housing starts helped push the Canadian dollar to a six-week high against its US counterpart. The Loonie touched C$1.0257 on news that the number of housing starts…
If you fail to plan you plan to fail.
Have a look at this article from GFT Forex about the importance of creating a trading plan.
Suze Orman Advises Mark Zuckerberg Against Buying Twitter [SPOOF VIDEO]
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Twitter may be valued at $1.4 billion, but it’s definitely not a smart buy in Suze Orman’s opinion. Well, that is if you’re Mark Z., a 25 year-old degree-less professional with…
The Euro’s Next Battleground: Spain -
Shared by Andhi
Now the British look pretty smart when they decided not to join the single currency of the EU. The French and German Governments will have to bail out the P.I.G. nations (Portugal,…
Euro Falls in Forex Trading - Currency trading with the euro
The euro is falling in forex trading as Europe frets about the situation in Greece. Moody’s warned that Greece faces another downgrade to its sovereign debt…
Why Gold Will Keep Falling: Currency Strategist -
Gold prices have dropped nearly one percent over the past week-and the decline could continue, said Ashraf Laidi, chief currency strategist at CMC Markets. There’s more downside for the precious…
What Does This Pattern Mean For Cable?
A very interesting...
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A very interesting consolidation pattern on the hourly chart for the GBP/USD. A rectangle is a continuation pattern. So since this pattern occurrs after a…
Making a Tough Call [Quotables] -
“When faced with two choices, simply toss a coin. It works not because it settles the question for you, but because, in that brief moment when the coin is in the air, you suddenly know what you…
Knowing what currency pair to trade is as important as knowing when to trade. Most traders make money in times of high volatility. Although the FOREX market is open 24 hours a day, it does not mean that any hour of the day is optimal for trading.
There are four major markets that trade currencies: Sydney, Tokyo, London and New York. The highest liquidity hours are found when two markets overlap.
Oanda created this little tool that helps traders visualize market hours in the appropriate timezone.