Whether placing trades through an automated system or a discretionary approach, it often benefits traders to have a cohesive strategy. This article series will walk you through building a complete strategy.
Actively managing stops is just as important as entry execution. Using the fixed trail funcion in FXCM Trading Station we can define trade risk while locking in profit in trending markets.
Price action on the current 4 hour chart of the GBPJPY currency pair has formed a triangle pattern. Based on that pattern, this article will demonstrate when to enter the trade and where to place the stop as well as the limit.
June is just getting warmed up in its second week of trading. Using our building block method of trend identification, we will see if the EURJPY can continue its current 411 pip trend.
Actively managing stops is just as important as entry execution. Price channels can help find highs and lows on a graph to assist in defining trade risk.
Last Friday, the FXCM SSI Tidal Shift Strategy indicated the potential for a counter trend bounce higher. This bounce is closing in on a significant resistance level at 1.2665.
Gold has recently pulled back off its 181% advance from 2008. Today we will focus on the fundamental factors currently driving the price of the yellow metal.
June is just getting warned up and new market trends are developing. Using our building block method of trend identification, we will see if USD momentum can continue to influence both the EURUSD and USOil.
Human beings have a strong desire to be right…all the time. That desire makes us close winning trades too early to assure profit and follow losing trades to greater losses hoping they will turn around. These issues are the focus of this article.
The world's largest continental economy is flirting with the brink of disaster. But why? This article will attempt to explain the answer in simple terms while also offering ideas for how traders can protect themselves in these turbulent times.