Price is the primary tool of technical analysis because it reflects every factor affecting the value of a market. However, price doesn’t produce just trend lines and basic chart patterns. Analysts have expanded their research far beyond...
USDCHF Support at 1.2307 is broken below, USDCHF is in down trend. Further fall below 1.2182 (the day low of July 7) is possible in next several days. key resistance is now at 1.2422, as long as...
Leverage financed with credit, such as that purchased on a margin account is very common in Forex. A margined account is a leverageable account in which Forex can be purchased for a combination of cash or collateral...
Traders have debated the merits of “technical analysis” versus “fundamental analysis” for years. In reality, most traders probably do not make such a rigid distinction between these two approaches to market analysis and use some of both...
Key resistance at 1.2706 is broken above, EURUSD has bottomed at 1.2457 on daily chart. Further rise above 1.2978 (the day high of June 5, 2006) is possible in next several weeks. For long term analysis, EURUSD...
History of the Forex Market The Foreign Exchange market, also referred to as the “Forex” or “FX” market is the largest financial market in the world, with a daily average turnover of well over US$1 trillion —...
Money management is one of the most important elements that show difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be...
