Apple’s decision is rumored to be due to the sanctions imposed against Russia, given that MetaTrader’s creator, MetaQuotes, is a Russian-owned entity.
In this episode of Trading WTF, we are pleased to host Paul Scott, a Forex trading consultant and educator with over 25 years of experience in trading at an Institutional and Professional levels. We’ll be talking about what retail traders are missing out on in their education, what they can learn from the institutional sector […]
In this episode of Trading WTF, we are pleased to welcome our guest Cas Daamen. We are going to talk about the pros and cons of swing trading strategies, perspectives of fund management services and workflow organisation tips and tricks that can help the trader be more efficient and profitable. Cas is a 25 years […]
In this episode of Trading WTF, we talk with Steve Kulchyk, the Head of Corporate Services and Options at Deaglo. We are going to talk about the differences between the corporate and the traditional Forex space. We’ll also discuss risk as the main factor that holds back institutional investors from investing in FX. Steve is […]
In this episode of Trading WTF (where-to-focus), we talk with Chiara Francica, who switched to Forex after making a successful career in affiliate marketing and calls her Forex journey “a wild ride”. We’ll talk about how she sees Forex from the perspective of her previous experience in doing online business, investigate funding options that are […]
Copper has rebounded after testing a support shelf from last fall. 4.46 or so is well-defined for resistance. The level is defined by the 200 day average, the underside of former trendline support, and the March low.
As noted, evidence for a low in the S&P is strong. Friday’s low is at the line that crosses the January and February lows and the LONG TERM parallel (see below chart). Also, VWAP from the 2020 low in SPY held last week (see 2 charts down). 4105 is the initial level to pay attention to but 4270s in the index and 426.00s in SPY line up more significant levels…eventually.
This article explores the cognitive biases in forex trading. The biases discussed in this article can play a significant role in any form of speculative trading and investing, not just forex trading.
AUDUSD has turned up sharply from the line that crosses lows since August 2021. Also, .6828 is the January 2019 low (flash crash low). Price has reached the 20 day average and the line off of the April highs is just above the market. The rally appears in 5 waves too which raises risk of a pullback. Proposed support is the former 4th wave of one less degree at .6950.
DXY topped RIGHT at the parallel that has been highlighted for weeks. Also, the full extension of the channel from the May 2021 low is on the high. The upper parallel (magenta line) from that channel is now proposed support near 101.20/30 over the next week. 103.90-104.20 is proposed support.