What is it that makes roughly 95% of Forex traders unprofitable? Answer: It is an inaccurate understanding of Forex trading and the Forex market. One day a certain speaker asked his audience this question: “would you like to get rich quick?”. The hearts of the people in the audience leaped with excitement as they immediately thought of all the things they could do with their new-found wealth. The speaker hooked their interest and proceeded to fan the flame of theirRead more ….
Forex Trading: What is the Truth?
Trading Forex and Bullion for Money
When you hear about alternative forms of investment such as Forex trading or gold bullion purchase, you may wonder how exactly they differ from ordinary stocks, bonds, etc. The specific differences between all of these types of investments are vast, but in a very basic way they can be described as such: Forex trading and gold purchases are generally performed more from a standpoint of money management, whereas other forms of investment are done with an aim for long-term gainsRead more ….
Supplement Your Forex Trading
If you are a Forex trader, trading binary options can be a great way to supplement your trading. However, even though binary options are simple to execute and understand, this does not make them easy to trade successfully. You probably already know that domestic stock markets can play a large role in the value of a currency, but this method can be especially helpful when trading binary options. The market pull effect is a term used to describe the phenomenonRead more ….
Trading Binary Options Around News
News or sentiment traders could have made a lot of money trading binary options on Thursday if they were paying attention to the Euro. When the European Central Bank announced that they would do whatever was necessary to save the Euro, the Euro soared in price against the U.S. dollar in a very short period of time. With binary options, the goal is not to be right by a lot, but just to be right. With the Euro’s actions, thereRead more ….
Marketplace Growth and the Week Ahead
Poor performance data out of Europe and Asia has brought forth yet another major concern in regards to the global marketplace. This has led to people straying away from the Euro and the British pound sterling and has attracted traders to safer havens, such as the U.S. dollar. The dollar has been the best performer over recent trading days, even though the rate of job growth in the U.S. is starting to slow down. Still, progress is progress, no matterRead more ….
TradeVantage Software Now Available
This week, Trade Vantage went live. The group at Forex Traders Daily and Dustin Pass have released the newest version of the software TradeVantage. The software uses neural network artificial intelligence to skyrocket your profits as a Forex or any kind of trader. The results of the software have been tremendous and you can see what the results have been using the software free download. From looking at one particular section of trades we witnessed over 890 pips profit withRead more ….
Trading the NonFarm Payroll
The Bureau of Labor Statistics announced today on the non-farm payroll report that jobs rose by about 120,000 for the month of March. This is good news, but not good enough. It was expected that over 200,000 jobs would have been added over this timeframe. So instead, this is actually a sharp decline in the rate that jobs had been being added to our economy. Although this had the joblessness rate drop from 8.3 to 8.2 percent of Americans, muchRead more ….
Spanish Debt Problems Trouble the Euro
There is some new concern emerging over the Euro zone and its currency. A weak Spanish debt auction sparked new concern over the value of the Euro and there is now renewed concern over a prolonged recession within the European Union. The Euro, in turn, dropped quite a bit in price against the U.S. dollar on Wednesday, April 4th, 2012. The Euro had already been struggling over the last several days, but Wednesday’s drop was more significant as it fellRead more ….
Where Do We Stand Today
As worldwide fears of an economic slowdown mount, the United States dollar is starting to look like it is the best choice for would be traders looking to preserve capital. The dollar had a strong showing on many fronts on Monday, April 02, 2012, including against the Euro. This was partly due to an announcement out of Europe today that manufacturing is slowing down faster than expected. This does very little to alleviate Euro debt worries and in fact, makesRead more ….
Binary Trade Ideas
The first chart is from March 19th, 2012 (Figure1). This is a one minute chart zoomed in so you can see the details of the trade more clear. Prior to the move down on the left side of the chart, there was actually a more significant move downward. This meant the trade was moving south. The move down was part of a secondary move that hit the resistance line(Support) and completely bounced off of it. It actually bounced 8 pipsRead more ….
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