Do traders and gamblers meet in Forex?
There are a lot of people out there that consider retail Forex trading as a casino packaged up as financial trading and those people more often than not are gamblers. For the typical gambler it is...
View ArticleIntroduction to Renko Charts
Renko Charts is a type of charting concept that was developed by the Japanese. Renko (or Renga) is the Japanese word for Brick and aptly reflects the nature of the Renko charts. Renko charts are...
View ArticleIntroduction to using Line Charts
Line charts are a form of chart type that takes into consideration the closing price for a particular period of time. It is the simplest form of plotting price on a chart and works in any markets....
View ArticleAre all Forex brokers the same?
Let us start with a completely different scenario. All cars do the same thing; they provide a sit-down environment, they allow you to be on the road and take you from A to B with the assistance of your...
View ArticleTrading Correlations – Introduction to pairs trading
Trading currency or stocks correlation, or pairs trading as it is often referred involves buying one currency pair or stocks and shorting an inversely correlated currency or stock. The basic premise of...
View ArticleVariable spreads and why they matter
Forex brokers nowadays offer a lot better choice of trading conditions for their customers. When it comes to spreads, brokers usually offer either fixed spreads or variable spreads. Fixed spreads are...
View ArticleDealing Desk or Non Dealing Desk? – The SNB Aftermath
Last week’s Swiss National Bank shocker caught the markets off guard posting heavy casualties which was felt more with the retail forex trading industry. Traders and brokers alike got caught up in a...
View ArticleGetting an edge with Forex Tools – Order Book
Order books, which are largely prevalent among exchange based trading instruments is one of the ways some traders tend to trade. An order book is nothing but a record of the buy and sell transactions,...
View ArticleIntegrating the MACD with Your Strategy
After discovering the multiple benefits of employing moving averages in an effort to better time… The post Integrating the MACD with Your Strategy appeared first on ForexPromos.
View ArticleWhat is a Multilateral trading facility (MTF)?
Multilateral trading facility or MTF is a regulatory term in Europe for non-exchange financial trading venue. A non-exchange financial trading venue is an alternative to the more traditional stock or...
View ArticleWorst 10 mistakes of managed forex investors
We all make mistakes, but ours do not cost as much as these guys’: Toshihide Iguchi As a bond trader for Daiwa Bank’s New York office, Iguchi lost the bank $1.1 billion over 12 years from 1983 and...
View ArticleBank of Canada joins in the Fed in hiking interest rates
Summary: Bank of Canada hikes interest rates by 25 bps as expected BoC becomes the second central bank among G7 nations to join the rate hike club Rate hike is the first in nearly seven years BoC held...
View ArticleNew Zealand June quarter CPI expected to disappoint
The consumer price index data for the period ending June for New Zealand is expected to released this week. The economists polled are forecasting a 0.2% increase on a quarterly basis. This would signal...
View ArticleJuly FOMC Meeting – Will it be a non-event?
Summary: FOMC meeting is due on Wednesday, July 26th There will be no press conference after the FOMC statement Fed officials are likely to communicate further on the plans to unwind the balance sheet...
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