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Fibonacci Trading: Be sure whether the Level is Held or Breached

Breakout plays a very vital role in the Forex market. Traders use breakout, breakout levels to make a trading decision. Fibonacci traders are to make sure whether a particular level is breached or it holds the price to make a better trading decision. In today’s lesson, we are going to demonstrate an example where Fibonacci traders may need to concentrate more to be sure about the Fibonacci level from where the price trends. Let us get started.

FX Options Market Combined Volume Expiries for 17th June 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Central Banks meetings, China conditions to negotiate

  news commentary   At the beginning of the week, investors have something of the calm before the storm as they brace for monetary events risk. The Bank of Japan

Consolidation Time

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Top 8 Real-Life Lessons About Forex Trading

If you ever decide to go the traders’ way, know the only boss you will have to listen to is you. Also know listening...

Daily: Trade Tensions Continue, Non-Farm Payrolls, UK Growth

  NEWS COMMENTARY   The U.S. dollar was lower against other currencies on Monday, as trade tensions put expectations for a Federal Reserve rate hike in September under pressure. trade

12. The First Step In Your Trading Journey

Introduction Trading the forex market involves high risk. As per statistics, 95% of the traders fail in this domain. Hence, having expertise and experience in trading is very necessary for

Daily F.X. Analysis, December 06 – Top Trade Setups In Forex...

The British pound extended its gains on expectations that Brexit uncertainty could be cleared when the ruling Conservative Party wins a majority in the December 12 general election. GBP/USD charged 0.4% higher to 1.3157, a fresh 7-month high. EUR/GBP declined 0.2% to 0.8438, which was last seen in May 2017.

Transitioning From Your Day Job To Full-Time Forex Trading

It is a huge decision, moving away from your secure day job in order to become a trader full time. It’s something that a...

Making Huge Profits In Gold buying the dips!

https://youtu.be/lllnZpBxeVo

ATFX Review

ATFX is an online FX and CFD broker that is located in St. Vincent & the Grenadines and regulated by the Financial Services Authority...

FXGlobe Review

FXGlobe is an ECN broker registered in the Republic of Vanuatu and, currently catering for over 45,000 traders. FXGlobe started as a side project...

Review for Dollar volatility

Daily events U.S. Retail Sales Rebound in Sign Consumer Weakness is Transitory U.S. retail sales rose by more than expected in March in the first gain in three months, suggesting

How to Stop Exiting Trades Too Early

Have you ever exited a trade too early for a small win or loss and wished you could go back and change it shortly afterward? Many traders have struggled with the problem of exiting trades too early at some point. Here are a few examples of this problem:

The True Story Behind the Elliot Wave Theory

There are few technical analysis components that can credit a single person, but Elliott’s wave theory has that distinction. The founder of the theory is Ralph Nelson Elliott, who was born in Marysville, Kansas, in 1871 and then moved to San Antonio, (Texas state).

Alfa Forex Review

Alfa Forex is a currency exchange broker that is based out of Moscow, Russia. At first glance, there are plenty of negative aspects about this broker, such as their limited

Optimization Vs. Over Optimization

Today we discover the dangers of optimization: over-optimization. That’s the secret to making our system robust, consistent, and quite durable over time, or a...

Forex Myths that Some People Actually Think are True

As we’ve moved into the 21st century, forex trading has risen in popularity and attracted a growing number of traders from all over the...

What Is Business Confidence & How Does Its News Release Impact...

Introduction Business Confidence is the most important leading indicator for economic growth that is closely watched by traders, investors, economists, and even policymakers. Business Confidence...

Scalping Vs. Day Trading: Which is More Profitable?

Asking this kind of question reveals one is trying to start with trading and wants to pick up the right path. Of course, profits...
video

Assessing Forex Price Consolidation Like A Pro

https://youtu.be/Frsa-IHWnk0 Price Consolidation   In any market, but specifically, the Forex market, when we talk about price consolidation, we are referring to the price action, or the up and

Top Quality Forex Education Is Essential to Success – Here’s Why…

Those that are looking for a source of primary or extra income can take advantage of the ability to buy and sell currencies online...

Session 17.2 -Quantitative Robustness of Back Testing

In this video we explain you the method of system evaluation, the "profitability rules", and the objectives of both position sizing and risk calibration. By the end of this session

Chart Patterns: Broadening Patterns

Chart Patterns – Broadening Pattern & The Diamond Pattern

Daily F.X. Analysis, January 24 – Top Trade Setups In Forex...

The U.S. Dollar Index gained 0.2% on the day to 97.69. The EUR/USD slid 0.4% to 1.1055, the lowest level since early December. The European Central Bank left its monetary policy steady (deposit facility rate at -0.50%). ECB President Christine Lagarde said there are signs of a moderate increase in underlying inflation, and the downside risks to the growth outlook are less pronounced. Later today, research firm Markit will release Eurozone January Manufacturing PMI (46.8 expected) and Services PMI (52.8 expected).

Gold Prices on a Bullish Run – U.S. China Tensions in...

On Tuesday, the safe-haven extends its previous session bullish moves and soars to 1,715 level after dipping to $1,698, mainly due to the broad-based U.S. dollar bearish bias ahead of the U.S. Federal Reserve policy meeting. The gold's bullish bias could also be attributed to the risk-on market sentiment backed by the growing optimism over a sharp V-shaped economic recovery from the coronavirus pandemic, which recently dominated the US-China tussle. The yellow-metal prices are currently trading at 1,715 and consolidate in the range between the 1,700 - 1,725. However, the geopolitical tensions in Korea, Libya, and concerning China turned out to be the key factors that is keeping a lid on any additional losses in the gold, at least for now.

Session 8.2 -Workshop II

In the second part of this workshop session we put into practice all the skills learned so far to read market conditions. [video width="1920" height="1078" mp4="https://www.forex.academy/wp-content/uploads/2018/09/09E/Session-8.2-Practical-Workshop-2-1-1.mp4"][/video]

Daily F.X. Analysis, January 13 – Top Trade Setups In Forex...

On the forex front, the U.S. dollar eased against other major currencies on Friday, as growth in December nonfarm payrolls missed expectations. The Dollar Index slipped 0.1% on the day to 97.36. The euro gained 0.1% to $1.1122.

Should You Trade Forex Completely Alone?

When you see traders in the movies, they are either portrayed as one of two things, a single person sat in their bedroom or...

49. Quick History & Introduction To Japanese Candlesticks

What are Candlestick Charts?

Acetop Financial Limited Review

Acetop Financial Limited was formed in 2016 and is authorized and regulated by the Financial Conduct Authority (FCA). They are based in London and offer forex, CFD and spread betting services. Acetop has the vision to be recognized across the industry as the most trusted provider of trading serviced with an unparalleled commitment to offering first-class service. In this review, we will be looking at different aspects of what Acetop provides to see if they can live up to their visions and so you can decide if they are the right broker for you.

Dividendcare Limited Review

Dividendcare is a broker that focuses on new trading technologies and providing market liquidity through fast order executions. Account holders can enter and exit positions through the MT4 platform, a

AUD/USD Violates Upward Channel Breakout – Update on Sell Signal! 

The AUD/USD pair is trading with bearish bias around 0.7284 level; that's where we have entered sell trade in the Aussie. The U.S. dollar seems to gain strength amid supported fundamentals. From the U.S. side, at 02:00 GMT, the TC Long Term Purchases for October rose to 108.9B against the estimated 41.5B and supported the U.S. dollar. At 18:30 GMT, the Building Permits for October came in line with the estimation of 1.55M. The Housing Starts also rose to 1.53M from the forecasted1.45M and supported the U.S. dollar that ultimately capped further gains in AUD/USD pair on Wednesday.

EUR/GBP Global Macro Analysis – Part 3

EUR/GBP Exogenous Analysis

Daily Market Update: No Volatility for Markets

It has been a quiet day for any news or announcements that can calm the volatility of the markets. Yesterday, Trump commented on progress in the US-China trade talks. “China

Behavioral Finance: How Can it Help Us in Our Trading?

Due to recent developments at the global level, which led to "abnormal" behavior in the financial markets, I consider it very opportune to insist...

Trading Outside Your Comfort Zone

Humans are things of habit, they will create their safe space, a place where they feel comfortable, they are happy with what they have,...

Fibonacci Trading and Deeper Correction

In today’s lesson, we are going to demonstrate an example where the chart produces a reversal candle at a Fibonacci level, but the price does not head towards the trend’s direction. It then makes a deeper correction. It finds its new resistance and heads towards the trend’s direction with good momentum. Let us now have a look.

Price Action Trading: The Daily Chart’s Consistency

The Price Action Breakout Strategy works in almost all the charts. However, it works best on the daily chart. In today’s lesson, we are going to demonstrate an example of a breakout-trading example of that. The chart has a bullish gap, but consolidation followed by a bearish engulfing candle offers an excellent entry for the sellers.

GBP/USD Sell Signal Update – Brace for a Manual Close! 

The GBP/USD is trading bullish around 1.3396 level, facing resistance at 1.3400 level. The resistance level is extended by the double top pattern at 1.3400 level, and a bullish crossover of 1.3400 level is likely to open further room for buying until 1.3446 level. On the 4 hour timeframe, the GBP/USD pair has formed a bullish channel that supports the pair at the 1.333 area. The RSI and MACD are suggesting a buying trend in sterling. However, I will prefer to open a buying trade only above the 1.3396 area, and below this, sell trade will be preferred. Therefore, I have shared a sell trade below 1.3395 area to capture quick green pips. Check out a trading plan below... 

EUR/JPY’s Double Top Pattern – Is It Going to Help Sellers? 

The EUR/JPY is trading at 117.150, holding mostly below a strong resistance level of 117.350, which is extended by the double top pattern. On the 4 hour timeframe, EUR/JPY may find a hard time breaking above 117.350 resistance due to an increased level of uncertainty and safe-haven appeal in the market. Alongside, a series of weaker than expected services PMI figures from the Eurozone may weigh on the EUR/JPY currency pair.

GBP/USD Choppy Session Continues – Quick Trade Plan! 

Today in the European trading session, the GBP/USD currency pair stopped its early-day winning streak and gained some bearish traction around 1.3165 level, mainly due to the broad-based US dollar strength. That was supported by the renewed hopes of the US next round of fiscal stimulus measures. Apart from this, the cautious market sentiment, triggered by the US-China tussle, also underpinned the US dollar and contributed to the currency pair gains. Furthermore, the concerns about the second wave of coronavirus infections also gave support to the US dollar and dragged the currency pair down.

The Untold Story on VXX Trading That You Must Read or...

For years we have had many interesting products which have allowed us to operate all kinds of volatility assets, even if they were comparatively...