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Oil Price linked with Forex

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Forex MarketPredicting where the direction of movement of the market is the key to be able to get profit in forex trading, but it is not an easy thing. Professional forex traders understand that the forex trading world has a broad scope is not limited to the world of forex.

In fact, the movement of currencies is affected by many factors: supply and demand, politics, interest rates, economic growth, and so on. More specifically, the growth ekonomomi and exports of a country is closely connected with the country’s domestic industry, then its currency to a particular country has a high correlation with commodity prices.

Three major currencies that have strong relationships with commodity prices is the Australian dollar, Canadian dollar and New Zealand dollar. Other currencies are affected by commodity prices but have a weaker correlation are the Swiss franc and Japanese yen. By knowing the currency which has a close correlation with the price movement of a particular commodity can help traders predict market movements. In this discussion we will see the correlation between oil prices and the currency that you can use the following information in forex trading.
Oil and the Canadian Dollar

In recent years, commodity Read More...

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January 20th, 2015 at 10:37 pm

Posted in General Forex

Forex trading strategies

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Bullish  Trend For U.S. DollarAnyone who wants to seriously in the Forex business needs to have a Forex trading system that suits them, but do not have to always start this business to build your own Forex trading system.

Why try and build your own Forex trading strategy when you can benefit from other traders and imitate ideas or concepts other traders trading system that has been experienced?

It is very easy to do and there are some pretty good Forex strategies out there for your example. Some of the Forex strategies are free and some are very expensive, but the price tag does not always reflect the true value of a Forex trading system. However, many of these systems that will not really work for you.

What are the talk here is your ability to effectively use trading system that you get from other traders. You must use a system that fits your lifestyle and personality. If you have a job (not trading Forex), Forex trading system that requires you to check your screen all day will not be appropriate for you. You will be distracted at work and will miss the opportunity to make money, or even worse, you will not be able to close the trade effectively and could lose money.

Some Forex Read More...

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January 20th, 2015 at 10:34 pm

Retracement And Reversal That You Should Know in Forex

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Retracement and ReversalHave you ever been in a situation where it looks like prices are likely to continue to move upwards (uptrend / uptrend) and you are getting ready to install a long position (buy orders), but what happens then is the price rebounded down and getting down?

This Situation may occur when the trader is not aware of the difference between retracement and reversal. Instead be patient and follow the downtrend (a downtrend) as a whole, traders believe that the case is a condition retracement so put a buy order.

In this article, you will learn the characteristics of a retracement and a reversal in forex trading, how to recognize it, so it is not wrong in determining the real market conditions.
What is Fibonacci?

Fibonacci price movement can be defined as the reverse direction for a while against the trend. Another way to see this is to look at the price movement area that moves against the trend but then returned to continue the trend.

What Is a Reversal?

Reversal is defined as the change in the price of the reversal of the overall trend. When turning to the uptrend downtrend, reversal occurs. When downtrend turned into an uptrend, a reversal also occurred. Read More...

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November 11th, 2014 at 7:29 pm

Posted in Forex Review

Best Time To Trade Forex

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Often novice traders assume that any time is a good time for trading, but this is not right. The movement of the forex market is strongly influenced by forex trading hours in the global financial markets, namely:
– Tokyo session
– London session
– New York session

Trading activity on the forex market hours in the London session more than the other sessions. In addition, there are certain days where the activity of market movements will occur more.

From the following table we can see moving average pips every day of the week:
Currency Sunday Monday Tuesday Wednesday Thursday Friday
Best Trading Time

We can see from the table above, that in those days in the mid-week movement occurs more frequently, then the day is what is the best day for forex trading.

When you look at the schedule on the forex market, we see that Friday was a pretty busy day until at 12:00 ET (00:00 pm or Saturday), after which the activity will drop dramatically until the close of the New York market hours at 5 : 00 pm.

The days where there is a high market movement this is the best time for forex trading because it is likely to get into a bigger profit.

Pick The Read More...

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November 10th, 2014 at 7:27 pm

Bullish Trend For U.S. Dollar

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Bullish  Trend For U.S. DollarUS dollar up trend is in the spotlight today. The greenback rose to a seven-month high against the yen earlier Wednesday, while US dollar index, which monitors the value of the dollar against six major currencies, rallied almost four percent since early July respond to positive economic sentiment US On Tuesday, the index reached 82 930, highest level of the year, after experiencing weakness in the first four months was 1.2 percent.

Hope that differences in monetary policy will continue to widen US policy in Europe and the UK will push up the value of the dollar index investors in line with consideration for US interest rate hikes, according to Capital Economics.

“The dollar rose against other major currency pairs in one year. But we do not believe this rally will stop, look at the prospect of monetary policy considerations US and other countries, “wrote an analyst at Capital Economics.

“At the end of 2015, we predict the dollar will strengthen further against the euro to $ 1.25, $ 1.60 against sterling, and 120 yen,” they added. On Tuesday the greenback (dollar) trading at $ 1.3121 against the euro, $ 1.6584 and 104.81 yen against Read More...

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September 11th, 2014 at 8:57 pm

Posted in News