Check out the chart below. This is a chart of the Forex pair EUR/CHF (Euro against the Swiss Franc).

You can see that, in general, the pair has spent the best part of the last 4 months moving sideways. That’s not to say it has been a smooth ride though. I have highlighted a number of [...]

This can be summed up in one word…Patience. That’s it. You just have to wait till the stars align before you plunge. This can be a pain, especially if you’re an active trader in a market like this.
Sticking to your system demands that you do not take action until certain conditions have been met. In [...]

Major Progress rarely occurs in one major move. Mostly, the whole thing happens in waves. You take a step forward, then stop and look around; you consolidate. you take stock of your situation, and try to work up enough momentum to take another step. You might even have to give back some ground if you [...]

So, last week Job numbers for the US were released. It was a big announcement. No one can ever really be sure what these figures will turn out to be, but we often have indicators that experts can look to. In this case, the figures came out substantially better than most people thought they would [...]

When the markets become as they have been lately, traders get frustrated. Ranges can test the patience of even the most disciplined of us, and make us do the silliest things. We can often try to impose our will on the charts. “Up! Up!!” like that’s going to make a difference. With all of this [...]

The story in the Forex Markets going into this week: Range bound trading. It’s been relentless. While that’s been the story for the last few weeks, that range got even smaller in the last week. Take a look at the Forex Chart for the EUR/USD Currency Pair below:

That last candle is actually for the Asian [...]

One of the reasons the forex market is so attractive to traders is that it “trends well”. That point was listed as one of the important points that made forex trading more advantageous than Equities, for instance. What that means is that the Major Currency Pairs tend to have a fairly clearer direction of movement [...]

We’re in the middle of July. I think July is an important month because it highlights some of the strongest seasonal occurrences in the Forex Markets. That is the fact that, in 9 out of the last 11 years, the USD/JPY and USD/CAD Forex Currency Pairs have ended the month of July higher than they [...]

My path as a forex trader has been…interesting. Like many others, I was lured in by the prospects of easy money. The way I figured it, next to winning the lottery, Forex trading was the fastest and easiest way to make a mint. All I had to do was program my own system, which was [...]

We were reviewed this week at: DailyForex
Check it out.