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Learn Forex. Educational resource for traders
 TIP: THE TREND IS YOUR FRIEND. Do not buck the trend. When the market or stock is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.
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Forex
Featured Articles
How many times do we hear the warnings against persuasive sellers of unsuitable securities? This is a question I addressed in my book, Trust and Honesty, America’s Business Culture at a Crossroad:
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 Imagine the next time you join a discussion about automated forex trading. When you start sharing the fascinating automated forex trading facts below, your friends will be absolutely amazed. |
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Forex Latest News
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Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 psychological level. However, there were a few developments to note. Firstly, EUR/USD lost much momentum after hitting 1.31 
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EUR/USD rose further to 1.3106 last week but faced strong resistance from mentioned cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105) and turned sideway. Initial bias remains neutral this week and we'll continue to focus on 
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USD/JPY dropped to as low as 85.98 last week and the break of 86.26 confirms that whole decline from 94.97 has resumed. Short term outlook will remain bearish as long as 88.11 resistance holds and current fall should target 84.81 key support level next. Nevertheless, break of 88.11 will indicate 
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GBP/USD's rally extended to as high as 1.5720 last week. The decisive break of 1.5521 resistance confirmed that whole fall from 1.7043 has completed at 1.4230 already. Initial bias will remains on the upside this week for 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. On the downside, below 
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USD/CHF's break of 1.0399 support last week indicates that whole decline from 1.1729 has resumed. Short term outlook will now remain bearish as long as 1.0639 resistance holds. Current decline should target outer trend line support (0.9634, 0.9916, now at 1.0020). Nevertheless, note that break of 1.0639 will indicate that 
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AUD/USD rose to as high as 0.9068 last week before turning sideway. Initial bias remains neutral this week and some more consolidations might be seen first. On the upside, above 0.9068 will indicate that whole choppy rise from 0.8066 has resumed and should target 0.9380/9404 resistance zone. But we'd expect 
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USD/CAD dipped lower last week but after all, it's still bounded in recent converging range. As noted before, price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. Price actions would remain choppy until such pattern completions. On the downside, in case of another fall, we'd 
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EUR/GBP's fall from 0.8530 extended further last week and the break of 0.8316 support suggests that rebound from 0.8067 is finished. Initial bias remains on the downside this week and further fall should be seen to retest 0.8067 low. On the upside, above 0.8394 will turn intraday bias neutral and 
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Learn Forex: Education
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Currencies are traded in dollar amounts called “lots”. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called “High Leverage”. |
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Once you enter the Forex trading world you will immediately notice the need of using technical analysis in order to find trends when looking at the forex charts and also the importance of being aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups and downs in short periods of time, and it's, therefore, a place where technical analysis can be very effective. |
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Quotes
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In an effort to help our customers trade more effectively, we have gathered resources from some of the leading experts in the forex market. From streaming live data, to fundamentals and technicals, articles and commentary, Global Forex Trading is providing another very useful tool for the FX trader.
We encourage you to use these resources to help gain knowledge of the forex market. Check back often as the content in this area is always expanding and changing |
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Mutual Funds fundsavvy.com guides you to find out best mutual fund to invest along with the classification
based on its functioning and type which they offer to investors.
Reports
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Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 psychological level. However, there were a few developments to note. Firstly, EUR/USD lost much momentum after hitting 1.31 
-
EUR/USD rose further to 1.3106 last week but faced strong resistance from mentioned cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105) and turned sideway. Initial bias remains neutral this week and we'll continue to focus on 
-
USD/JPY dropped to as low as 85.98 last week and the break of 86.26 confirms that whole decline from 94.97 has resumed. Short term outlook will remain bearish as long as 88.11 resistance holds and current fall should target 84.81 key support level next. Nevertheless, break of 88.11 will indicate 
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