How to Use Currency Pairs to Your Advantage

Currency pairs are a mechanism that compares two separate countries’ currencies against one another. The relationship between the two currencies is inverse, which means that, if one goes up, the other must go down. Why Were Currency Pairs Created? Currency pairs allow the foreign exchange market to decide which currency is stronger based on technical indicators and fundamental analysis. Moreover, it determines the exchange rate at any given time. For example, not too long ago [...]

By | 2018-02-08T05:37:37+00:00 July 12th, 2016|Forex Education|0 Comments

Trade Idea – EUR USD – 01-29-2016

Found a nice sell trade today, 01/29/2016, on the EUR/USD cross. The reason this trade was so appealing to me was because of the strong touches on the green line. Moreover, the pivot point (R2) met well with the trend line. I usually enter a trade like this for an easy 40 pips. In this case 47 pips. EUR/USD - Trend Trade This trade closed for a profit about 9 hours later. I adjusted the [...]

By | 2018-02-08T05:37:38+00:00 January 30th, 2016|Trade Ideas|3 Comments

The Biggest Loser: Always Trade to Learn

Every trader you meet will tell you about their most memorable trade. Many remember the trades that made them 'successful' or put their account on the map, but few will speak freely about their biggest losers. Why? Because not only is it painful, it is also embarrassing to think that such a seasoned trader could make such a big mistake. Once you reach a certain level of success, that is when you have transitioned from [...]

By | 2018-02-08T05:37:39+00:00 August 26th, 2015|Money Management|0 Comments