General Trading

Dollar Sees Setback but Still Strong

When the latest labor report was released for November 2016, the U.S. dollar dropped in price against other major currencies. There were slightly more jobs added to the economy during the month than what were expected, and although this could have been much stronger, it added to the perceived strength of the U.S. stock market and overall economy. This pushed the dollar down, at least for the time being. The dollar has seen a surprising increase in strength around the world over the past several months. And it’s very likely that the weakness that the dollar saw after the job report was released is just a temporary setback. At least, that’s what most technical analysis methods indicate. There is still quite a bit of momentum backing the USD, and the long term (100 day) exponential moving average points to the fact that the USD is still the strongest currency in most every pair that it comes up against. This can change, of course, but it doesn’t seem likely to in the near future. […]

December 21st, 2016|General Trading|

Finding Long Term Success in Your Trading

We are all short term traders, but if we lose our focus on the long term there’s a strong chance that we won’t be trading for very long. If you are not successful over the long term, all of your short term successes and profits will dry up and you will end up losing money. Obviously this is something that we want to avoid. The whole point of trading is to make money, and if you’re not doing this over the long run, then you are losing money over this time. Anyway you look at it, this is a bad thing. […]

December 7th, 2016|General Trading|

How to Keep Your Trading Day Relaxed

In the busy world of trading, sometimes the best strategy that you can use is to take a deep breath and slow yourself down. We’ve all been in those tense situations where we are monitoring three different currency pairs just waiting for the right moment to pull the trigger on a trade. Sometimes this is a part of trading, but it shouldn’t be a constant part. The moments of chaos should be few and far between. Our argument is that by knowing exactly what you are looking for before you begin—through having a solid strategy, a firm knowledge of the asset in question, and by simplifying your trading as much as possible—the trading day doesn’t need to be hectic at all. It can be structured and quite fun, in fact. […]

November 9th, 2016|General Trading|