Famous and reliable resources to learn Forex Trading

Famous and reliable resources to learn Forex Trading -Thanks for visiting my site again. As I was mentioning in my last post, this post is about relaible resources for learning currency trading. Without learning from the great resources if you start trading, let me tell you that it is as good as seeing money go down the drain. So, choice of a good resource ( an ebook, or a video course, a paid

The Forex Trading Blog - Some interesting facts..:-)

Here are some interesting facts on "The Forex Trading Blog" -As I mentioned in my previous post, it took more than 5 days infact 7 days to be precise for the 1st visitor to visit this site since I started it on 13-May-06. However once it started, there is constant increase in the readership. The most popular post that is read again and again on this site is the one in which I mentioned the ebook

Trading with EUR, GBP

Trading with EUR, GBP - The popular currency pairsEver thought which are the most popular currency pairs to trade? Yes, EUR/USD is the popular of all and generally has tightest of spreads which is 2-3 pips depending on the broker.The next is GBP/USD - the highly volatile and has spread of 4-5 pips. What follows is USD/CHF and USD/JPY. Generally have 4-5 pips spread.Remember the high the volatile

Forex Day Trading System : importance of correct forex charts

Forex Day Trading System : importance of correct forex charts to follow tradeI have observed that most of the traders and newbies generally tend to focus on the book to learn trading stratgies or systems and not focus on rest of the essentials. What they don't realize is that it doesn't matter if you have wheat in the house and not the utensils to cook it.Same goes with forex trading. Along with

Forex Day Trading System : Another opportunity to trade EUR/USD

Forex Day Trading System : Another opportunity to trade EUR/USDI mentioned that my previous trade on this currency pair had me a profit of 53 pips..That was when I went long..After my trailing stop loss was hit, when I looked at the currency pair again on a daily chart, I found that the currency pair has hit a massive resistance..A kind of double top and the currency pair has started retracing..

Forex Day Trading System : My trade on EUR/USD

Forex Day Trading System : My trade on EUR/USDIn my last post I mentioned that I opened a EUR/USD trade on a buy side at 1.3306 with target of 1.3345. I kept the stop at 1.3268..Currently I am 80 pips profit since the EUR bounced higher crossing the double top of 1.3345 resistance. Due to this, I closed on half of the position at 1.3345. This is a gauranteed 39 pips profit for me..The other I am

Forex Day Trading System - USD booms

Forex Day Trading System - USD booms!!Anyone who is watching the currency trading charts must have realized that the USD is bullish the big time..And its bullish across the board with EUR, GBP, CHF, AUD, NZD everyone stumbling against Greenback retaliation..Except JPY!! Yes, Yen is giving bigtime pounding to the $$..Thats because the JPY is too much driven by the fundamentals..Thats the primary

Forex Day Trading System - Confusion over technical indicators?

Forex Day Trading System - Not sure which indicators to use in the analysis?Its quite natural..With so many indicators in place, sometimes its overwelhming on which indicators to use..Remember, your technical indicators are to help you predict how the forex trading market will behave on the basis of how it has worked earlier..Somtimes it will work just as you predicted and sometimes the day

Forex Day Trading System - Some reliable technical charting techniques

Forex Day Trading System - Some reliable technical charting techniquesOn Friday, I placed a trade on EUR/USD using one of the very reliable techniques - The double top. This technique is dependent on resistance lines..So if the currency price is bouncing of a particular level again and again, it initiates a formation of a charting pattern called Double Top or Triple top if forex price bounced of