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USDThe currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push them off of the fence. The USD traded in range against the EUR and GBP as traders displayed little conviction. [...]

Welcome to global financial markets! Just as a trader or investor can buy stock in a company, the foreign exchange (or forex for short) allows you to buy or sell currencies, which is in a way like owning a piece of the future rise or decline of an entire country’s economy. Supply and [...]

The forex world is filled with its own unique terms and concepts. Here are some of the most common you need to know: Pips A pip is similar to a tick or point in stocks, futures, or other markets. It stands for percentage interest point and is the smallest individual unit of trading [...]

The price buyers are willing to pay is called the bid. The price sellers are asking is called the ask. And the distance between the two is called the spread. If you believe the price is going to go up, you would buy a long position, and then look to close it by selling when the higher price is reached. If instead you think the price will [...]

The markets represent the struggle between two opposing forces… the bulls, who want to push the price higher, and the bears, who wish to push it lower. As each side tries to overpower the other, they leave footprints behind. Technical analysis is the art and science of reading a price chart in order to determine who is stronger, and [...]

  As a price moves up and down on our charts, it encounters “barriers” along the way. If this barrier acts like a floor, keeping price from dropping any lower, it is known in trading terminology as support. When it acts more as a ceiling and stands in the way of upward moves, it is called resistance. What is interesting [...]

A trend can do one of 3 things: it can go up, go down, or it can go sideways. An up trend is defined as having higher highs, and higher lows. Similarly, a down trend is defined as having lower highs and lower lows. When a trend is moving sideways, price is said to be in a range.   Trendlines   Lines can be drawn connecting the [...]

An indicator (sometimes also called a study) is a tool which helps you analyze price movements. There are two groups which most indicators fall into – trend-following indicators are the most useful when price is trending in one direction or the other, meanwhile oscillating indicators can be helpful when price is consolidating into a [...]

Oscillating indicators get their name due to their tendency to oscillate within a range of values. They can signal when price is at extreme levels and due for a reversal. Stochastics Stochastics consist of a fast line and a slow line, and oscillate between 0 and 100. Levels above 80 are said to be over-bought and levels below 20 are [...]

Besides all of the fundamental and technical factors a trader must keep track of in order to be successful, there is another area which is often overlooked – themselves. No matter how good your strategy is, the other factor which will always influence your outcomes are your own [...]