Relative Strength
Relative strength can mean alot of things in the financial markets as there are more than a few technical tools using this title to describe what they attempt to do.
Author: Dailyfx.com
Reading a Forex Quote
Quoting Convention Quotes in the currency market can be a bit confusing because any position you take in the market is actually two different positions.
Forex Market Hours
Given the global nature of currency trading, the market is open for business around the clock, 24 hours a day. It is important for the trader to know the times when the major markets are active and...
Trade Flows and Capital Flows
Trade Balance The Trade Balance figure is a measure of net exports minus net imports. This has tended to be negative in the US in recent years as the US has primarily been a “consuming” nation. A...
Interest Rates
Fundamental Analysis Next to technical analysis, fundamental analysis is what most traders will look to for their trading analysis.
Inflation and CPI
The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy. It provides information about price changes in the nation’s economy charged to government,...
Geo-Political Events
Geo-Political events can have a notable effect on the FX market. The other fundamental announcements that we have discussed previously could all fall under the heading of “scheduled events”. Each of them has a date on the...
Non-Farm Payrolls and Trading News Events
Every trader knows (or should know) the impact of economic numbers on the market. Economists gather and announce their estimates on what the numbers should be to the press. If the estimates are in-line with the actual...
Basics of Technical Analysis
In this lesson we will go over the various types of charts that are available to traders to conduct technical analysis of a currency pair.
Determining the Trend
You may have heard the expression “the trend is your friend”. Well, that could not be more true when it comes to trading. Being able to identify the trend on a currency pair — the direction in...