May 17, 2012
This is part 5 of the series. This video shows you tips and tricks (part 2) on how to use the keyboard shortcuts like F12 and F11, functions like autoscroll feature of the chart and controls to quickly use the Metatrader 4 platform to your advantage.
May 16, 2012
In this video, Jason Alan Jankovsky — Forex analyst & trader, explains about — understanding the limitations of technical analysis. Most traders attempt to analyze the markets they trade using various types and kinds of technical analysis—everyone attempt to use a charting package of some kind. This video explains the theory of technical analysis and the limitations that are brougtht on by that theory inorder to open the door to more effectively use technical analysis in our market approach.
May 15, 2012
This is part 4 of the series. This video shows you tips and tricks on how to quickly use the platform to your advantage. It explains you how to scroll through the currency pairs. This video explains how to use the crosshair — find out the number of the pips moved and the price at that point and how to use zoom in and zoom out features in the chart.
May 4, 2012
This is part 3 of the series. Learn how to open a Forex demo account with real time data feed directly from your MetaTrader 4 Platform.
May 4, 2012
This is part 4 of the series. This video covers the basics of wave 3 extensions. Wave 3 extensions are the most powerful thrust wave in the Elliot Wave Principle.
May 2, 2012
Over 20 years ago a famous trader Richard Dennis…Well known for his trading successes like trading $2,000 to $200 million personally taught his trading strategies and systems to 14 people called “Turtles” and then gave them his money to trade.
As a group the Turtles traders earned over $175 million in just 5 years. Richard Dennis had proved beginners can learn successful trading.
There’s many lessons to be learnt from this experiment one of the most important being you need to trade like a robot
How to find a foreign exchange buying and selling platform It may be intimidating to select a foreign exchange buying and selling platform when you initially start buying and selling – here are a few features that worthwhile foreign exchange buying and selling platform must have: Security Does the foreign exchange broker offer details about [...]
Apr 29, 2012
Watch the latest analysis of the USD/CAD, USD/JPY Forex pairs for the upcoming April 30th session in this video. USD/CAD — As we can see in the daily chart, the Canadian dollar has been gaining against the US dollar as we continue to fall. This pair has broken down somewhat, but we still have the 0.9800 level to deal with. Seeing as it has closed just above that handle, this question should be answered right away. Because of this the opening of the first couple of hours of Monday session could tell us as we sit above the 0.9800 handle. Once 0.9800 level gives away this is seen as a nice selling opportunity and we will be going short based on a close below the 0.9800 level to avoid false breakouts. USD/JPY — pair is at a major crossroads currently. The 80.00 level loom large just below, and the 50% Fibonacci retracement level is in the vicinity as well. Also, the 200 day EMA is creeping into the picture. The Monday session could produce interesting signals as this pair is essentially a race to the bottom between two central banks wishing to kill off their currencies. Any hammer candle on the daily chart on Monday session will be seen as a buy signal. Otherwise we will break down lower. The Bank of Japan will more than likely start to get intervention thoughts if we get too far below the 80.00 level. So we are essentially waiting to get that buy signal for a run back up to about 84.00 level.
Apr 29, 2012
Watch the latest analysis of the GBP/USD, EUR/USD Forex pairs for the upcoming April 30th session in this video. GBP/USD — is a currency pair that simply hasn’t stop gaining lately. If you haven’t had a chance to enter the trade, you would simply be chasing it at this point in time. We have been straight up for couple of weeks. As such many traders have missed out on this move higher. Looks ironic with this move, UK has entered into recession. Having said that we broke out of 1.6050 level and any pullback in this pair we will find buyers to step in who have missed out this move. Quiet obviously the trend is up. So we like buying on dips for this pair. EUR/USD — we have a little bit of a downtrend line which could possibly turn out to be a triangle. We are interested to see how this plays out as the Friday session saw an attempt to get back over that line. The 200 MA is above this line. The European situation continues to deteriorate, as such the next couple of session is going to show whether or not this line is going to hold. We are currently bearish of this pair. We are suspicious of breakouts until we get above the 1.35 level as it would break not only the trend line but also the 200 MA and the next massive resistance level higher. If we fail from here looks like we will continue to grind lower and we will test the 1.30 level again.
Apr 27, 2012
Watch the latest analysis of the EUR/USD, USD/CAD Forex pairs for the April 27th in this video. USD/JPY — we fell for most of the session on Thursday and bounce to form a hammer candle in the daily chart. The downtrend channel has kept this pair intact. Today brings the Bank of Japan’s announcement on easing measures. The question is will they do it and send the market higher. A break above the downtrend channel would send this pair much higher we believe, atleast to 84.00 level, if not to the 85.00 level. Overall its in a counter trend move over the last few years. The 200 MA on the daily chart is sloping up now and we are above it. So the trend is in the process of changing always a messy affair. USD/CAD — pair fell for the day, broke through the bottom of the consolidation — 0.9850 handle, but bounced to form a hammer like candle above the 0.9800 level. If we can break on the top of this hammer candle, it is seen as a buy signal and it will be good for a short term trade. It would possibly reenter into the consolidation range. Overall we prefer shorting as we see it as a easier trade in this pair.
