The ultimate list of FX articles to help you trade fx profitably.
A FX EA is an expert trader, which is the terminology used for an automated trading system. There are 100s of EAs that can be obtained if you search hard enough. Some are free, some cost as little as $5 and some cost several thousands of dollars. Each EA FX system will interface with an online trading platform. Usually these systems are based on technical analysis indicators or chart patterns. Read more >>
Since scalping relies on making profits from very small movements in foreign exchange rates, it’s only really feasible if you trade on high leverage since you need to invest a significant amount to make any serious money. Read more >>
You won’t find out by reading Berkshire Hathaway’s 2010 Annual Report that Bueffet made $100M from FX trading, however, if you happened to be lucky enough to attend the recent Warren Buffett talk fest in Omaha Nebraska Read more >>
At the end of trading on Friday, a very interesting pattern emerged in the USD/CAD daily price chart. A possible head and shoulders bottom has emerged. Read more >>
A pennant pattern is a continuation pattern that marks the continuation for the prevailing trend, after a brief pause. Read more >>
Flag patterns are commonly used to indicate the continuation of the prevailing trend. Often they occur after sharp price again in one direction and represent a brief pause in momentum before the eventual continuation of the rally upwards or downwards. Read more >>
The accumulated Swing Index is a complex trend/momentum indicator first developed in 1978 by J. Welles Wilder, Jr. It was developed for the futures market for stocks indexes, but we have made a number of modifications to the indicator to make it applicable to the FX market as well. Read more >>
A lot of interest will be focused around the AUD/JPY when trading begins this week. The AUD, which has rallied significantly against most currencies, is starting to show signs of weakness, most notably against the JPY as illustrated in the chart below which has formed a double top. Read more >>
Bollinger bands are a popular technical analysis indicator that is helpful in tracking short-term momentum for a particular FX cross currency. They are also used in stock, commodity and index trading as well. Read more >>
Early indications are that the death of Osama Bin Laden will cause a significant rise in the S&P 500 but not necessary a rally in the USD vs. cross currencies. Read more >>
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