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Daily Chart EURUSD Wedge and Short

tight trading range

What a week it’s been already! First there was a flight to save haven currencies, then the dollar was sold off. The Aussie’s been under pressure even though gold prices have been rising, the US stock market has been seeing some crazy swings and I am trading it all! Posting my daily trades and the [...]

Yakezie Challenge: Creating Powerful Friends

New feature! Today I joined the Yakezie Challenge! It is a 6 month challenge where I will commit to posting 2 to 4 times a week and selflessly promote others. My current Alexa ranking is 526, 722 and one of the goals of the challenge is to drop below 200, 000. Thank you for visiting [...]

The Advantages of Trading Forex

forex-miss-wallstreet

When it comes to trading in just about any market, Foreign exchange trading has a huge advantage over other types of trading. Firstly, the forex market gives you the advantage of time freedom. In the foreign exchange market one can trade around the clock from Monday through Friday. In the stock market that is simply [...]

How to Use Moving Averages

exponential moving average

A moving average is one of the most used in the world of technical analysis. You will see plenty of movements and resistance and support levels right around the moving average line. The trick is knowing when to pay attention and when to ignore them. Simple Moving Average A simple moving average or SMA is [...]

Support and Resistance

support and resistance

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, just in [...]

Happy New Year! Let’s Trade Forex

happy new year

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 trades [...]