When you evaluate the Forex market for the swing trade opportunities, the focus of consideration is to predict the continuations and directional changes for certain given pair of currency, and for this purpose; most of the times people rely on technical analysis. In such an analysis, for instance, the fundamental analysis, there are leading and lagging indicators.
The Forex Market is full of traders whose sole objective is to make plenty of profits. But is it really as easy as it is made out to be? Can beginners really breeze their way to a quick buck? Not at all.
Every business develops a set of procedures or safety nets to ensure that it is protected from suffering a series of huge losses. That safety net is also known as Forex money management. Forex money management manipulates accounts by conserving, investing, splurging, budgeting and controlling money.
You’ve probably heard how forex trading can be very beneficial. However, chances are, each time we hear the phrase forex trading, most of us are just going to ignore it because we think that it is some weird, complicated term that is too confusing for us to understand. For people who are not updated in the field of economics and business, the term can indeed be such an alien.
Most of the Newbies in forex trading is asking; What is pip and spread?
For people who love challenges, forex trading can be one of hundreds activities that attracts their interest. Why so? Forex trading is not just a trading, it requires meticulous observation to the market where you buy and sell the currency, patience to wait for the right moment to make a move, and even a quick thinking to decide what you should do.
Explore daily forex research, the powerful analysis and trade ideas solution of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar. Read forex tips of 11 October 2016
EUR/USD Intraday: under pressure
Our preference for short positions below 1.1145 with targets at 1.1100 & 1.1070 in extension. Alternative scenario is above 1.1145 look for further upside with 1.1175 & 1.1200 as targets.
As important it is to know how to trade, it is more important to know when to trade in terms of the forex market timing. Forex market is a world wide online market with no time limits when you consider the whole world as your base. The markets are active through the week except for a Saturday giving you five and a half trading days every week; taking into consideration the time zones. You can trade anytime in any market! But, to maximize the yield of the trade, the hours you decide to trade do matter.