London Session
February 11, 2011 | admin Training
Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there are several financial centers all around Europe, it is London that market participants keep their eyes on. Historically, London has always been at a center of trade, thanks to its strategic location. It’s no wonder [...]
Tokyo Session
February 11, 2011 | admin Training
The opening of the Asian session at 7:00 pm EST marks the start of the forex clock. You should take note that Tokyo session is sometimes referred to as the Asian session, because Tokyo is the financial capital of Asia. One thing worth noting is that Japan is the third largest forex trading center in [...]
Trading Sessions
February 11, 2011 | admin Training
Now that you know what forex is, why you should trade it, andwho makes up the forex market, it’s about time you learned whenyou can trade. Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the whole day. You can make money trading when the market [...]
Forex Market Structure
February 11, 2011 | admin Training
For the sake of comparison, let us first examine a market that you are probably very familiar with: the stock market. This is how the structure of the stock market looks like: By its very nature, the stock market tends to be very monopolistic. There is only one entity, one specialist that controls prices. All [...]
AUD/USD Recaptured Important Line
February 11, 2011 | admin News, Strategies, Training
AUD/USD managed to reconquer an important line that served as resistance, and it now settles above it, as risk appetite is back in town. How will it close the week? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Thursday session: The Aussie managed to break higher, settling above 0.9863. Current Range: [...]
EURO,Crazy Currency Crisis
It’s a long time since anyone could wholeheartedly sing, “When Irish eyes are smiling…” Smiles in Dublin have been in short order for sometime now. Anyone who has read MarketMind in the past will know that I whilst not anti European, I am no fan of the Euro. However, there is a great deal of [...]
Bounces Off Trend Line
February 11, 2011 | admin Strategies, Training
GBP/USD (a 4-hour chart of which is shown) as of Wednesday (11/17/2010) has retraced back down to and tentatively bounced up off a key uptrend support line extending back to the early September low. This uptrend line has been touched at least three times prior to yesterday’s and today’s tentative bounce. The corrective descent down [...]
Dull dollar day
February 11, 2011 | admin News, Strategies, Training
EUR/USD saw a bit of short-covering late in the European session, rising briefly to the 1.3566 level before slipping back to opening level right around 1.3520. It was one of the quietest days in weeks. USD/JPY slipped back after the Fed bough about $8 bln in longer-dated (out to 10-years) coupons which briefly knocked yields [...]
Forex Market
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet (if you’re a dude) or purse (if you’re a lady) or man purse (if you’re a metrosexual) into the currency of the country you are visiting. [...]
