Cable continued its climb today with solid movement. Last nights trading gives me an opportunity to discuss another key factor in our strategy. When we got up this morning we had already closed our smaller trade for 40 pips and had a mild pullback, we closed our second bigger trade at 1.7720 for … Read [...]
The largest, liquid market in the world is forex or foreign exchange, also known as FX. Foreign exchange market operates 24 hours a day seven days a week. These are just some of the facts that everyday people basically know. This are teasers that entices many people to join the FX. Foreign exchange market trades [...]
Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360. Unfortunately the market just dropped, all night, never taking the bounce up we look for our … Read More [...]
We like to wrap up every week with a review of the previous week’s trading. So, here goes. Cable gave us a run for our money last week. We were able to end the week up anywhere from 100 to 200 Pips based on personal exit strategies, so we are not complaining, but the … [...]
Sometimes it`s wise not to be the early bird when investing in forex, instead wait and see what the day will bring before you take action. The 10 A.M. rule is a great example of this concept, and is an example that protects your capital. Let`s say you want to buy a forex stock, for [...]
