I last looked at the British Pound (GBP) on April 8th, and produced a short video explaining why I thought that this market was ready to move.
When I got back from my two week holiday in New Zealand, I thought it was only right to look at the British Pound again.
New video on next page
It seems the latest and greatest trend for people is Forex, and the more I research the more I hear and learn about scalping. I'm no expert by any stretch of the imagination, but Jason Fielder from TriadFormula.com seems to have the lowdown on how to do it...and how to do it right! I've asked him to come and break some of his methods down for us so we can continue to diversify and stay profitable! As always the comments are open and Jason is looking forward to answering any and all questions.
-------------------------------------------------------------------------------
If you are currently scalping FX markets (or are planning to), there are certain universal rules that you simply need to know to survive. Beyond these rules exist another level of knowledge that very few traders possess...
Scalping the Forex market brings certain challenges that you don’t have when trading on larger time frames. For example, if you are trying to take 100+ pips out of the market with a spread of 2 pips, the cost of this trade is only 2% of the total. Now, if you are scalping for 10 – 15 pips with a 2 pip spread, the cost of this trade is as high as 20%.
Continue reading "How To Scalp The Forex Without Getting Burned"
Today Sterling moved over the key 1.50 level in interbank trading. We have been waiting for this to happen (see our video).
It appears that this market is headed higher against the dollar.
Watch this video again for target levels.
Adam Hewison
President, INO.com
Co-creator, MarketClub
We haven't looked at the British Pound (GBP) lately, as it has been in its major swing to the downside. The question is, is the British pound ready for a comeback?
In our new video, I delve into the depths of the British Pound, and take you step-by-step into my thought process and why we're looking at this market right now.
Continue reading "FOREX... is the British pound making a reversal?"
I have to admit, I love trading Forex. It’s one of the most exciting and most profitable markets in the world.
In today’s short educational trading video on the dollar/yen (usd/jpy), I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the future.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
