Posts Tagged forex
Today was another one of those days where the market didn't want to play. As a frequent visitor to the markets, this kind of thing happens all the time.. there is no such thing as a sure trade as the markets can do absolutely anything.
Anyway, here was my trade today, I took the long trade as the price of USDCAD bounced off the moving average. Price action looked strong and I was looking to take this up to 10400 and a relatively tight stop. Looked like a great trade...
Unfortunately, t
December 19, 2011
2 Comments Full Story
When looking back from future decades, 2011 may well prove to be the year that saw a fundamental shift in the global economy. The Eurozone crisis, an ever present on our front pages that is not yet resolved at the time of writing has shaken the world financial system to its core. At the same time, US politicians have engineered astonishing crises out of nothing which has seen their country's debt downgraded for the first time in history.
It has not been an easy year for foreign investment. St
December 19, 2011
No Comments Full Story
The nonfarm payroll or NFP is an economic news item which comes out once a month in the US and details the number of jobs added or lost in the economy over the month. This is always a big event and in most cases, massive movements in all markets are seen when it is released.
You can read more about the nonfarm payroll through the Wikipedia entry here: http://en.wikipedia.org/wiki/Nonfarm_payrolls
I'm going talk about trading the nonfarm payrolls.... don't do it! In my experience I've found t
December 2, 2011
No Comments Full Story
« Older Entries
Newer Entries »
