Daily EUR Analysis : Weakness of EUR, will it prevail?

EUR is struggling to gain ground. But unfortunately it seems that its current weakness of EUR will persist. Almost all its counter-currencies are taking advantage of the weaken state of Euro. The current trade scenario is disappointing the traders of this currency. The worst news is that current trading circumstances do not reflect any hope of rise in the worth of Euro in the near term as well. …

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Forced Trading, Are you doing it?

Forex Trading is a multi-layered phenomenon. Its vast range of features makes it so appealing. Forced Trading is one of the many aspects of trading. Novice traders often frown at hearing this term. Let’s understand the meaning by this term. Novice Traders & Forced Trading: After the initial and exciting stage of Forex trading, the Novice traders often feel dejected. They feel that the Forex trading is not …

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NFP & how does it affect Forex Trading.

Non-Farm Payroll (NFP) is one of the major factors that can stir the smooth flow of Forex trading. It is a general term that represents the number of jobs in USA. It is important to note that  you do not include government employees or the employees of non- profit organizations in it. Similarly non-farm payroll does not include the employees of private firms and farms. Influence of NFP …

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High Volatility, Measures for dealing it.

Novice traders fear of high volatility in Forex market. Forex trading is a combination of high and low volatility. Adapting your trading strategy and approach according to the changing scenario of the Forex market is the key to profit in this field. Greater movement and shift in the price of currencies calls for immediate actions. You need to follow some easy steps to deal with high volatility. Understanding …

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USD/JPY – Daily Market Review

Last week was a disturbing one in Forex market. This uncertainty will result in turbulent trade of USD.  Last week, USD/JPY failed to satisfy the expectations of the traders. Traders do not find trade that much motivating and appealing. The current scenario is affecting the  major currencies and their counter-currencies. Bond yield & trade of USD/JPY: It seems that the Fed is about to take some serious measures …

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Gold Review : Price of Gold and USD.

November has been unlucky for Gold price. Recently we have witnessed severe changes in the price of Gold and USD. Gold has suffered significant fall in its price. The traders interested in the investment in Gold and USD faced disturbing disappointment. We can expect that the tables will turn soon as the Economists believe that the trend of increase in the price of Gold and USD will extend …

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Why do you need an effective Money Management plan?

Why do you need an effective Money Management plan? Money management holds a great significance in the success of a forex trader. No trading strategy can ensure profit without an effective money management plan. A money management plan consists of all those techniques that a trader use and apply to minimize losses and sharpen its trading skills. You cannot earn profit if you do not apply money management …

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5 Waves Pattern

5 Waves Pattern: Forex market is expanding day by day. Its popularity is increasing manifold with every passing hour. Its multi-layered trade and variety of features and facilities grab the attention of the traders of all age groups. There are different patterns in fore trading to show and expose the movement of the price of currencies in forex market. 5 waves pattern is one of the most popular …

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Next Level of Game:

Next Level of Game: Forex trading is a thrilling game. Traders apply different strategies to improve their trading skills. There is no short- cut of success in this adventurous game as it is assumed. In order to enhance and improve your trading skills, you need to evaluate your current status. You have to assess your current trading skills, if you want to expand your trade. For this purpose, …

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Why should you use Take Profit?

Why should you use Take Profit? Forex trading is a multi-layered profession. The pandemic and growing uncertainty has exposed another attractive feature of forex trading. That is Take Profit. Why should you use TP? You can easily understand the need and significance of Take profit with a simple example. For example you have predicted the value of a currency pair and the price of that currency is shifting …

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