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 ...
Talking Points: Volume can increase our win rate when used properlyLarger 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 ...
Talking Points Breakout traders should first find support & resistanceEntries can be set as close as 1 pip above these valuesSupport 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 ...