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Forex Articles

Basics of Forex Trading

Forex trading takes place through major banks, market makers, and brokerage hourses around the world, who together create a marketplace for trading currencies on a near 24/7 basis. At its simplest, trading foreign currency involves two currencies traded similtaneously, called a 'pair'. Fore example, the EUR/USD pair, trade the Euro against the US Dollar. In this example, a buyer of this pair would be 'buying' the Euro and 'selling' the US Dollar.

How Elliott Wave Analysis Can Help You Boost Your Forex Trading

Here at EWI, we believe in subscriber education. Here is a preview from a new free Club EWI report, a 14-page eBook "Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success." Enjoy this free excerpt.

EUR/USD: What's Behind the Incredible 4-Day, 700-Pip Drop?

Since the May 4 top near $1.4950, the EUR/USD (the euro-dollar exchange rate and the most actively-traded forex pair) has lost an incredible 700 points ("pips" in forex lingo). That's a 7-cent gain by the U.S. dollar against the euro -- in just 4 trading days. You'll find many explanations for this dramatic reversal in the mainstream financial press. But here's one that's not often discussed...

EURUSD: Stuck in a Sideways Move, But Not for Long

Type U.S. dollar in Google News and you'll get a dozen fresh links to articles on the latest in the forex markets, complete with speculation about the dollar's future. Here's just some of what they discuss today...

(Video) Forex: What Elliott Wave Software Do You Recommend?

What Elliott wave software do you recommend? is one of the most frequent questions our readers send us. Watch Elliott Wave International's Senior Currency Strategist Jim Martens give his answer in this free 6-minute classic video using several forex charts.

Forex FreeWeek's MVP's: Most Valuable Posts

There's an old boating expression that says, "You never want to set sail at low tide." EWI had this maritime mantra in mind when it recently launched the May 18-26 Forex FreeWeek. During that specific 7-day period, the technical waters beneath the world's leading currency markets were high enough to ensure smooth sailing for the near-term "boats" of opportunity.

Forex Day Trading - The Method of Forex Trading

Determining the method of currency trading you want to get involved in depends on several factors. Currency day trading is a fast paced method in the forex market. For this reason alone, it is not for everyone who wants to get involved in foreign currency trading. The risk each trader puts forth in this trading arena is more intense than swing trading or other methods. It can be very dangerous, particularly if you are new to currency trading and have yet to grasp the concept of risk management. However, you can of course make a significant profit and become a successful currency day trader if you learn the concepts before you enter forex to trade.

Tips From a Pro: How To Trade Forex With Elliott Wave

Forex Traders' Alert. On April 25, 2008, Elliott Wave International, the world's largest market forecasting firm, released a unique, free 20-minute video with tips on how to trade currencies using Elliott wave analysis. The video also includes a supplemental 4-page report demonstrating how wave analysis can be used to trade forex at the time of economic news releases. Both the free video and report are available online now.

What A Trader Really Needs To Be Successful

How often have you heard analysts refer to a down day on Wall Street as "traders taking profits"? Sounds great, but the sobering fact is that most traders -- in futures, commodities, or forex -- lose money. Yet some traders do win; some even set records. In 1984, Elliott Wave International's president Robert Prechter won the U.S. Trading Championship, setting a new all-time profit record of 444.4% in a monitored real-money options account. Here is a link to the free report where he lays out his requirements for successful trading

Forex Day Trading Benefits and Advantages

There are many benefits and advantages to Forex Day Trading. Here are just a few reasons why so many people are choosing this market as a business opportunity: LEVERAGE, LIQUIDITY, PROFIT IN BOTH RISING AND FALLING MARKETS, 24 HRS.

(Video) Which Elliott Waves Are Best For Trading Forex?

Watch this classic, free 6-minute clip from a live webinar Elliott Wave International's Senior Currency Strategist Jim Martens held for his subscribers in 2008. Jim answers two questions: What's the best way to learn the Elliott Wave Principle? Which Elliott waves are best for trading forex?

Forex vs. Stocks: Are There Any Advantages? Part I

Elliott Wave International presents Part I of the interview with its senior currency strategist, Jim Martens. -- "First of all, currency markets are much larger than equity markets. By most estimates, the daily volume in forex is as much as 10 times larger than the combined volume of ALL of the world’s stock markets. That makes it very liquid. We’re also talking about a market that trades 24 hours a day..."

Forex: Don't Rush to Bury The U.S. Dollar

Financial markets -- i.e., investors -- have a short memory. For example: At Elliott Wave International, we have pointed out time and again that when market sentiment reaches a bullish or bearish extreme, chances are that a trend change is near. Yet time and again, almost everyone forgets this. Here's a fresh example. In June 2010, the U.S. dollar began a losing streak against its forex competitors...

(Video) U.S. Dollar: Doomed Again?

Careful observers of the forex market will remember that over the past few years, whenever the U.S. dollar would fall to a significant low against the euro and other competitor currencies, the chorus of dollar doomsayers would get louder. And then, as if by magic, the dollar would rebound, to the surprise of the skeptics. Except, there is nothing magical about it -- this free video explains more.

Forex vs. Stocks: Are There Any Advantages? Part II

Elliott Wave International presents Part II of the interview with Jim Martens. Q: Do you think trading forex is easy? -- Jim Martens: Well, I’d go back to the first question you asked me. Easy? No. Easi-er than equities? Yes. In forex, there are fewer markets, so fewer choices and less news to be concerned with -- so, fewer surprises...

USDCHF (Video): How to Identify Opportunities in Forex Using Elliott Wave Analysis

The Swiss franc has lost big to the U.S. dollar since February 1, moving the USDCHF forex pair from mid .9300 range to near .9600 as of February 7. Some may cite after-the-fact "fundamental" reasons for this 350-pip rally, but none of them could do what Elliott wave analysis did: Namely, identify the bullish opportunity in the USDCHF before it began. Watch this free video for details.

Trading Signals Obtained By Combining Technical Indicators With Candlestick Patterns Can Be Highly A

Candlestick charting is a highly powerful tool in the trading arsenal of any trader. The beauty of candlestick charting lies in the fact that it can be used in any market whether you trade forex, stocks, futures, options, bonds, ETFs, commodities, gold or whatever. You can use nothing but candlestick charts and patterns when trading. These candlestick charts have a number of candlestick patterns which when appear on the chart give an important signal about the market sentiment. For a trader, one of the most important thing to know is whether a trend is about to reverse itself or continue.There are a number of candlestick patterns ranging from simple to complex that can be used accurately in predicting trend reversals and trend continuation. Now, when you combine these candlestick patterns with technical indicators, you can obtain highly accurate trading signals that can triple your profits.There are many technical indicators now available. Everyday, you might come accross a new technical indicator. When you combine these technical indicators with candlestick charting patterns, you get a what you call a highly accurate confirmation trading signal that tells you whether the trade will be high probability or not.

3 Most Powerful Trading Indicators For Forex

Technical indicators are common technical tools used by traders worldwide in FOREX and other markets. In this article we will present the 3 most powerful indicators for FOREX trading.1 - Bollinger BandsDeveloped by John Bollinger in the 80s, Bollinger Bands are one of the most powerful trading indicators. They provide traders dynamic support and resistance levels that are based on market volatility - and are very useful for gauging trend and range. Traders can use the Bollinger Bands to estimate overbought and oversold periods: if prices are near the lower band they are oversold, and near the upper band they are overbought. This way this indicator can act as a leading indicator and produce reversal trading signals. 2 - Moving AverageMoving Average is also a highly powerful trading indicator - not as a trend-following indicator, but as a leading one. At IndicatorForex.com, we trade moving averages in a unique way - as a retracement zone. In this way, the trader waits for price to retrace and test the moving average as support\resistance level. If price bounces on the moving average, a trade is issued.

Forex Indicators: Bollinger Bands And Fibonacci Retracements

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