There are many types of news releases in the forex so movement of the different currency pairs happens daily. The fx market will offer more directional trading. Once you learn to recognize the trends. You need to learn to use technical chart analysis which will show you which way the trend is moving and make more profitable trades. Another great advantage is that you can invest in a forex newsletter which will remove most of the risk on your trades. This will put more money into your trading account.
Coach's Corner Premium is an interactive training service designed to help Forex traders attain Forex trading mastery via video courses, daily analysis videos, weekly webinars and interaction with mentors and other traders.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, April 14, 2021
Tuesday, April 6, 2021
Trading volume
Trading volume is important. When a stock or forex pair has increased volume it is like fuel for a different price up or down. It can be an important sign for traders to enter the trade long or short. Many times news with trigger buyers and sellers to enter the trade. If you use candle stick charting you can see the direction if the candle is red or green.
The time of day also matters so you need to be aware of the time this is happening. The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.
Monday, April 5, 2021
Forex chart, USD/JPY
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| Triangle identified at 05-Apr-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 110.7440 within the next 9 hours. | ||||||||||||||||||||||||||
GBP/USD,forex chart
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| Ascending Triangle has broken through the resistance line at 05-Apr-09:00. Possible bullish price movement forecast for the next 2 days towards 1.3886. Supported by Upward sloping Moving Average | ||||||||||||||||||||||
CAD/JPY
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| Channel Up identified at 02-Apr-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 86.0830 within the next 2 days. Supported by RSI above 60 | ||||||||||||||||||||||||||
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