DAX Pierced All Times Highs!
Good morning Traders! On Friday, the DAX (Germany 40) has pierced it’s all times high which was printed back in November 2021. DAX After a lengthly consolidation underneath the strong Resistance level and the round number of 16,000 the market has finally broke above this level. The Daily and the Weekly charts are back into […]
The Best Moving Charts Right Now
Hi traders! It’s a useful exercise to run through the daily charts to see where the action is. It is a healthy disruption if we have become tunnel-visioned for some reason. It is a time-saver when scanning for day-trading opportunities; when we see ‘marching soldiers,’ we know there could be potential moves to get a […]
Top 5 Tips for New Forex Traders
Hi traders! Embarking on your forex trading journey can be both exciting and overwhelming. With a vast market to navigate and countless strategies to consider, it’s crucial for new traders to have a solid foundation. Here are the top 5 tips to help you enhance your trading journey and increase your chances of success. Forex […]
Is Credit Suisse Next? Assessing Potential Risks
Good morning Traders! Yesterday the chairman of Saudi National Bank, which is Credit Suisse largest shareholder said that they will not provide further capital to the bank. That caused the share price to tank to all-time lows and intensified fears in the market for the banking sector, and after the collapse of Silicon Valley Bank […]
How Do Traders Create Their Own Strategies: Part 1
Welcome Traders! If you’re just starting out as a trader, it’s easy to get overwhelmed with all the information out there. One of the things you may be wondering is how to create your own trading strategy. Firstly, it’s important to understand what a trading strategy is. A trading strategy is a set of rules […]
The Aussie: Uncovering Trading Opportunities
Good morning Traders! RBA Governor Philip Lowe has noted that a pause in the tightening cycle may be needed, after the bank increased it’s official rates to the highest level in eleven years on Tuesday. The comments together with fears of Australia’s biggest trading partner potential slow down, saw a selloff in the Aussie dollar. […]
My Favourite Trading Books – Part 2!
Welcome Traders! This section is actually more important than most traders realise; which books have impacted your trading the most? Here are a few that I consider indispensable to me and my trading journey. Not in any particular order- just all great reading, that changes the way you think about things: Each one of the […]
Big Movers From This Week
Welcome Traders! This could well be an interesting week – one for the history books. During most of 2022, we saw a very rare occurrence of migration towards the U.S. Dollar triggered by several coinciding events. Increasing inflation, global political instability, and ongoing ripple effects of COVID. This was demonstrated clearly in the markets, when […]
Forex Traders Eye Out JPY & Co.
Welcome Traders! There are times when JPY charts can really move. This was the case throughout much of 2022, when in almost perfect union, USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, SGDJPY, CHFJPY and CADJPY moved almost relentlessly to the upside. After what could now be a rest throughout the Northern Hemisphere’s Winter, those same charts are […]
Which Is More Important For A Forex Trader – Discipline Or Patience
Welcome Traders! Which is more important for a forex trader- discipline or patience? Both discipline and patience are important traits for a forex trader, but they serve different purposes and are important in different ways. Discipline is critical for forex traders because it helps them to stick to their trading plan and avoid making impulsive, […]