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ForeCastle

  1. How To Find and Trade Big Movement in Forex

    by , 10-23-2014 at 02:31 PM
    Talking Points
    -Don’t get married to a trade or currency
    -Identifying the Next Likely FX Leader
    -Know When That Has Failed

    “If you cannot make money out of the leading active issues, you are not going to make money out of the market as a whole.”
    “The leaders of today may not be the leaders of tomorrow.”
    Jesse Livermore


    Trading is simple but it isn’t easy. The simplicity is that trading often involves finding a strong currency ...
  2. Trading Strategies Based on Volume, Part 1: Confirming Breakouts

    by , 10-03-2014 at 12:59 PM
    Talking Points:

    • Volume can increase our win rate when used properly
    • Larger volume during a breakout can confirm the move is valid

    Volume is an extremely popular trading tool when trading stocks, options, futures, and many other instruments. But when it comes to Forex, we do not see many traders using volume. The reason is that the Forex market is decentralized and the overall market volume is not available.

    The solution for this is FXCM’s new Real ...
  3. The Definitive Guide to Scalping, Part7: Scalping Breakouts

    by , 09-19-2014 at 02:35 PM
    Talking Points

    • Breakout traders should first find support & resistance
    • Entries can be set as close as 1 pip above these values
    • Support and resistance can also be used for managing a position


    Scalpers have a variety of choices when it comes to an execution strategy. This decision should be decided after carefully evaluating current market conditions for the currency pair of their choosing.

    Today we will continue the Definitive Guide to Scalping ...