Support and Resistance

support and resistance

[adrotate banner=”1″] What is Support and Resistance? In its most basic form, support is the floor and resistance is the ceiling. In trading, a support level is the level at which the price cannot break. Instead of breaking through this support price, it will tend to bounce off. A resistance level is the same idea, […]

Happy New Year! Let’s Trade Forex

happy new year

[adrotate banner=”1″]How is your New Year going so far? I’m sure you have been keeping up with your resolutions and goals for 2012. One of my goals this year is to double my trading account before December. This should not be hard to do but I will need to make sure that I plan my […]

How to Accept Losses With Grace

[adrotate banner=”1″]The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they […]

Technical Analysis vs. Fundamental Analysis

If you’re just beginning to delve into the world of forex trading, it can be an intimidating and overwhelming market to get your head around. You might have come across the terms ‘technical analysis’ and ‘fundamental analysis’ already, but what’s the difference and which one is best for you? Technical Analysis In short, when a […]

Relative Strength Index RSI

relative strength index

[adrotate banner=”1″] What is the Relative Strength Index? The Relative Strength index (RSI) is a momentum oscillator used to track the strength or weakness of the S&P 500 or other index or asset. Based on the closing prices, and typically using a 14 day timeframe, the RSI will signal to a trader if they can […]

Carnival of Money Pros

[adrotate banner=”1″]Welcome to the Carnival of Money Pros! Here are some great posts all about…Money! Let’s jump right in. Glen Craig @ Free From Broke writes Is Gold a Good Investment Right Now? – The economy seems to be doing better but does that mean inflation is not far away? Is now a good time […]