Tag: forex

USD/JPY: Lemons into Lemonade

Posted on by The INO.com Team

How Elliott wave analysis helps you as a forex trader with built-in, risk-defining safeguards

Elliott wave analysis is not a crystal ball. (No market-forecasting method is.)

But here's what is remarkable: Even when your Elliott wave forecast doesn't pan out, you have built-in safeguards to alert you -- and help you manage risk. Here's a real-life example.

Going into the November 14 low, USD/JPY charts had been showing an impulsive downward Elliott wave pattern. Impulses are 5-wave moves, but on November 13-14, the pattern looked incomplete: the fifth wave down seemed to be missing.

Here's a chart our Currency Specialty Service subscribers saw early on November 13: Continue reading "USD/JPY: Lemons into Lemonade" →

Chart To Watch

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Australian Dollar/Canadian Dollar (AUDCAD).

It is interesting to see that classic chart patterns that were originally used in the stock market like the Head & Shoulders base,play out in all markets including Forex. Continue reading "Chart To Watch" →

Indices Insider Australia and Asia: More sideways action in Asia, but it may not last very long.

Posted on by The INO.com Team

By Chris Tedder

www.forex.com

Price action in Asia has, yet again, been broadly sideways over the last week, but most markets have at least managed to push into the green, albeit only just. The ASX 200 and Hang Sang are up around 1.77% and 2.28% for the week, respectively. Whereas, the Nikkei has been hit harder by renewed concerns about the European crisis, poor earnings and a strong yen, and has fallen around 2.48% in the last 5 trading days, which means it is now one of the worst performing markets in Asia this year.

Last week global equity markets were being led forward by a slew of positive earnings reports out of the US, but without this investors are finding a reason to rally is eluding them. This sentiment is hitting the Nikkei 225 hard as Japanese exporters struggle with a strong yen and recent earnings weigh on stock prices. Japan is also struggling under the weight of an ageing economy and weak levels of global demand, thus the market is underperforming most of its counterparts in Asia. Continue reading "Indices Insider Australia and Asia: More sideways action in Asia, but it may not last very long." →

MarketClub TV- MarketClub 101

Posted on by The INO.com Team

Join Susan and Jeremy today LIVE at 5:00 ET to learn the ins and outs of trading. Whether you're a beginner, or just want to refresh your already established skills, tonight's show is for you. It will include demonstrations regarding trading strategies and how to incorporate those strategies when trading Stocks, Forex, and Futures. It will also show you how to enter and exit a trade using MarketClub's "Trade Triangle" technology. Of course, you will have to tune in for the full, detailed lesson. You might even learn something new!

Join us every Thursday for MarketClub TV, and register to win a FREE yearly subscription to MarketClub! Chat LIVE with Adam or Susan during MarketClub TV every Thursday, and get immediate and relevant answers to your questions.

Click here to tune in LIVE at 5

-The MarketClub Team

5 Key Advantages of Trading in the Forex Market

Posted on by The INO.com Team

Many MarketClub members trade or at-least keep an eye on the Forex market, and for good reason, it is THE largest market in the world.  We do however hear many misconceptions daily about the Forex Market and many traders still have the mind set that it is not for them. That may very well be the case, but as with everything it is best to fully understand all aspects. I've invited Forex Pro, Jason Fielder to shed some light into the world of Forex and why he likes it so much. Be sure to check out his article below and grab a copy of his new report for more on Forex.

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The Forex Market is the largest financial marketplace in the world...The Bank of International Settlements estimates that average daily turnover in the FX Market is around $4 trillion. In comparison, the New York Stock Exchange turns over about $75 billion a day. That means the FX Market is over 50 times larger than the NYSE!

In the last 10 years, traders have swarmed to the Forex Market due to its many advantages. In this article, we are going to discuss 5 key reasons why the Forex Market is so attractive to traders. Continue reading "5 Key Advantages of Trading in the Forex Market" →