Finding the right online trading center is not always an easy task. There are numerous online trading companies battling over traders’ attention, and each claims to have the best trading platform and tools. How can a beginner trader make the right choice? Read through this short article and get all the information you need to recognize a great trading site when you see it. Keep in mind that the ... [Continue Reading]
Forex: Weak Chinese Numbers Spook Markets, Buy Gold
The U.S. dollar was hammered versus the Yen, trading near its seven week low after a large sell-off made safe havens more attractive. One beneficiary was the Swiss Franc, which reached a three week high against the dollar. Weak Chinese Reports Worry Markets Markets have been rattled by weak manufacturing reports from China that suggest its economy is slowing down. Manufacturing activity fell in ... [Continue Reading]
OTC Forex Trading illegal in India, Here is trick to trade major currencies
In year 2011, RBI has come up with a clear notice that, Indians are not allowed to trade in International Forex OTC (over the counter) market (you can read it on the website of RBI). In the meanwhile, stock exchanges has opened the gateway for traders to take positions in currencies like USDINR, EURINR, GBPINR and JPYINR. Currently these four currency pairs are available for trading, But there is ... [Continue Reading]
Selecting Trending Currency pair for Forex Trading
Majority of the forex traders use technical analysis approach to trade, most of these technical traders want the currency pair to follow the trend, may be up or down. When I say about forex trading there are many currency pairs available for trading. Suppose the trader want the trending currency pair, here is how to find which currencies are trending. For doing so there is a simple trick, it is if ... [Continue Reading]
Bullish divergence spotted on NZDUSD, Forex pair trade near support
Today's trade setup on NZDUSD we see a nice bullish divergence trading opportunity, we see that this pair may bounce from its support level which lies at 0.8125 zone. ON 1 hour chart slow stochastic was making higher high, but price action was showing lower low, hence in near term this pair can move higher if risk in market comes back. There is no fundamental news for New Zealand today, hence ... [Continue Reading]
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