Today, on 30 Nov, there is an important event going on – SNB (Swiss Central Bank) Gold Asset Vote. The wide expectation is a rejection of going back to Gold standards – if this expectation turns to reality then Gold would drop. Now key question
We talk about ‘Show trade levels’ which is a MT4 function that lets users toggle entry price, stop loss and target price on or off. There is also a short discussion on the fractional pip or 5th decimal that shows on certain brokers’ data.
Dollar Index gives good indication of where major currencies are heading. We explain DXY briefly and share how to use ‘compare’ function on Tradingview.com.
We illustrate Tflow® forex trading which looks at trend in simple way. Can be used for multiple time frame analysis and reveals action like false breaks.
See NZDUSD and USDCHF examples that show repeating features of price action: monthly and weekly highs and lows as resistance and support and the use of false breaks aka bull and bear trap as trading signal.
Risk is part of forex trading but losing money to wrong broker is un-necessary. We share some steps to pick the right forex broker to be trading partner.
Comparison of prices for physical gold (on 12 November 2014) and gold savings account (paper gold) available at Singapore bank and pawnshop.