Money Management Essentials

Money Management Essentials
There are several variables that should go into position sizing strategies for Forex traders, but first of all risk per trade needs to be calculated as a percentage of your total account equity. Total account equity can be determined by looking at the …
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TusaTrade offers 500 Wannabe Forex Traders a Lifeline
DUBLIN–(BUSINESS WIRE)–On the 27th April, TusaTrade, a leading forex educational company based in Dublin is offering 500 wannabe forex traders free access to their 6-part online Forex Foundation Trading Program with pro trader Jimmy Young.
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FOMC, RBNZ, BoJ, CBoR & BoC Keeping Forex Traders Busy

FOMC, RBNZ, BoJ, CBoR & BoC Keeping Forex Traders Busy
The dollar is trading at 95.37 after soaring above the 100 level just last month. US markets closed negative as the Federal Reserve left interest rates unchanged and acknowledged that economic growth slowed during the winter months. The Commerce …
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Lawsky Says Electronic Trading Key To Coming Forex Deals
New York Superintendent of Financial Services Benjamin M. Lawsky said that his agency was working quickly to identify potential manipulation on electronic foreign currency trading platforms used by banks, but that monitors he put in place at Deutsche …
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Daily FX Trading Update: New Zealand Jobs Data Due – May 5, 2015

Daily FX Trading Update: New Zealand Jobs Data Due – May 5, 2015
Most dollar pairs were stuck in FX Trading consolidation at the start of the week, as most traders were still off on a May Day holiday and there were no major reports printed. Today has the US ISM non-manufacturing PMI on tap and analysts are expecting …
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FOREX-US trade gulf weighs on USD, focus moves to payrolls data
Data on Tuesday showed U.S. trade deficit jumped 43.1 percent to $ 51.4 billion in March, the largest since October 2008, thanks to a surge in imports. Analysts said the deficit probably subtracted from growth, suggesting GDP could have contracted in …
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Taking a “Road Less Traveled” in Forex
The bulk of forex trading is done in EURUSD, the euro-dollar exchange rate, or “the euro.” Yet there are literally dozens of other currencies you could trade. Today's trading platforms make going off the beaten path easy: Just choose the right pair …
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China Reveals What's Behind Its Golden Curtain

China Reveals What's Behind Its Golden Curtain
You see, China currently has its currency tied directly to the U.S. dollar in a 2%-wide trading band of between 6.12 renminbi to 6.27 renminbi to the U.S. dollar. But, that'll change if China unpegs and the renminbi becomes a free-floating currency …
Read more on CountingPips (blog)

British Pound Forecast to Trade Higher
GBPUSD – The ratio of long to short positions in the GBPUSD stands at -1.00 as 50% of traders are long. Yesterday the ratio was 1.13; 53% of open positions were long. Long positions are 8.9% lower than yesterday and 9.3% above levels seen last week.
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Lastest Forex Trading News

Forex technical analysis; USDJPY trades at new lows for the day
The USDJPY has made new day lows and approaches a cluster of support at the 119.77 – 82 area. The 100 bar moving average on the 4-hour chart (blue line in the chart below), the 38.2% retracement of the move up from the April 3 low, and broken trend …
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Fast forex moves raise liquidity worries
For a market that trades a notional average of $ 5.3tn a day, foreign exchange is currently bedevilled by a perplexing problem: what has happened to market liquidity? In recent months a series of dramatic and unforeseen intraday fluctuations — even in …
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Successful Forex Trading is a Process, Not a Project

Successful Forex Trading is a Process, Not a Project
Do you know what differentiates a process from a project? Put simply, a project has a start and end date. A process on the other hand is ongoing with no definite end date. Becoming a successful Forex trader is the latter. I talk to a lot of traders …
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Lastest Forex Trading News

Banks look to invest in FX again as scandals fade
LONDON (Reuters) – After two years of scandal, job cuts and regulatory upheaval, there are signs that banks are ready to invest again in one of their biggest cash cows, foreign exchange trading. First-quarter results from leading banks show all trading …
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Forex technical analysis: EURUSD technical update as London traders exit
The EURUSD moved above the 1.0848 level earlier in the NY session today, and that spoiled the sellers party today. The narrow trading range coming into the New York session (66 pips), has since been extended to the upside. The range is now up to a more …
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USDJPY Moves on Daily Values of Support

USDJPY Moves on Daily Values of Support
So far, price has traversed its 39 pip trading range once, and has recently bounced from its S3 pivot in early morning trading. Currently, range support is found at the S3 pivot found at 118.85. In the event that price remains range bound, traders will …
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Most rating agencies say no default if Greece misses payments to ECB and IMF
Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders …
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Forex technical analysis: USDJPY trades at new day lows
The USDJPY is trading at new day lows and is also moving away from the 100 day MA. Yesterday, the 100 day moving average (blue line in the chart below) was broken, but could not close below the level. In the last hours of trading, the price has once …
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Forex education: Trading what you and others see

Forex education: Trading what you and others see
Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders …
Read more on ForexLive

FOREX-Dollar slides to 8-week low on US data; traders eye Fed
(Updates prices, adds comment). * Focus on Fed meeting. * U.S. consumer confidence falls in April. * Euro gains on hopes for Greek deal breakthrough. By Gertrude Chavez-Dreyfuss. NEW YORK, April 28 (Reuters) – The dollar dropped to an eight-week low …
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