Importance of Fundamental announcements in currency trading market

Importance of Fundamental announcements in currency trading market - Just like a space craft going to be launched requires a fire thrust to launch into air, the same way the forex trading market requires the fuel of fundamental news and announcement. Many of the times you must have seen that market is range trading meas the currency pair price is bouncing between a support and resistance line..

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 - NZD/USD broke out

Forex Day Trading System - NZD/USD broke outThats what trading currency is all about. A currency pair that is range trading or moving very slow is bound to break free from the shakles of support and resistance and then starts trending strongly..Its more like a runner who keeps running and reduces pace to catch some breeathe only to start running once again.I was watching NZD/USD for last 5 days

Forex day trading System - Catch a trend and ride on it

Forex day trading System - Catch a trend and ride on itOff late you must have seen that EUR/USD is in tight range bound condition. When that happens and if you are more of a trend trader, then its not an ideal forex trading market for you.Then should you stop trading? Or should you adapt to a differnt time zone?? You can do both.You can stop trading till market is ready to explode or you can

Forex Day Trading system - An exciting trading setup

Forex Day Trading system - An exciting trading setupIn my last message I mentioned that the Major currency pairs were about to go $$ bulish on which one of the readers asked as to go long or short. To go long and short depends on the currency pair you are dealing with. If you are dealing on GBP/USD then go short or if you are dealing on USD/CHF, then go long.The rationale behind this forex trade