Predicting the direction of forex markets, particularly on a short term basis, is no easy task. For longer durations, however, it is a good idea to see a list of economic indicators as these show the fundamental reasons why currencies move. Technical indicators work too, but they are best combined with the fundamentals. Below is […]
This week’s forex trading profits
Forex trading profits for the week: 43.8 pips This week only two trades were placed and both were winners yielding a total return of 43.8 pips. All trades were updated live on my twitter account. Thursday’s trade Thursday’s trade was a short position in USDCAD and yielded 20 pips of forex trading profits. USDCAD was […]
Trading stocks with Google Trends – part 1
If you are anything like me, you probably like to keep up to date with new technology, watch for new trends and generally keep abreast of anything that might lead to profitable trading opportunities. With that in mind, last week I did a bit of research on trading stocks with Google Trends and was quite […]
Using the COT report to trade forex
The COT report or commitment of traders report is provided by the Commodity Futures Trading Commission (CFTC) and is an excellent tool for forex and commodity traders to analyse what other participants are doing in the market. The COT report is published using data from Chicago and New York futures exchanges every Friday at 14.30 EST […]
