Trading psychology is so important Hello Everyone! I want to share with you some of my greatest follies in currency trading (Thus far at least!) through my years of clicking away. Based on my experience, trading psychology is so important. And just for your information,
Hong Kong Monetary Authority intervenes at 7.75 to keep currency inside band The Hong Kong dollar is pegged to the US Dollar at 7.80 HKD to 1.00 USD since 1983. Policy makers set a upper and lower limit of 7.75 and 7.85. With the 29
Price spike often encountered phenomenon in forex trading Forex traders often encounter price spike in the market. They happen regularly around market-moving events such as interest rate announcements or following important speeches or press releases. However a price spike could also happen for no better
USDJPY has run into a significant resistance that we covered in a previous posting ‘Will USDJPY gain under the loose monetary policy run by the US Federal Reserve?‘ This level is the 2010-low and on a chart, is a very significant pivotal level. Why? From
Using the MT4 ‘equidistant channel tool’ An equidistant channel is a type of chart pattern. It is also known as parallel channel. In this video, forex trader Jerome Lee demonstrates how to use draw an equidistant channel in MT4 using the ‘Equidistant Channel’ tool on
Weekly charts show strong levels/trend and cuts out noise in lower time frames. Best outcome: marry momentum on lower time frame with big picture.