forex

EURDOLLAR Sep09 Contract

Resistance 96.7130 a break above would lead to 96.7830
Support 96.5540 a break below would lead to 96.5070
It has broken the 26 and 200 day moving average a close below 96.6380 would signal a further move down.
MACD signaling a sell and momentum slowing.
This is from a daily perspective.
Looking at the Hourly the EUR$ looks bid.
I personally [...]

Forex Order Types

There are some basic order types that all brokers provide and some others that sound weird. The basic ones are:

Market order
A market order is an order to buy or sell at the current market price. For example, EUR/USD is currently trading at 1.2140. If you wanted to buy at this exact price, you [...]

Why trade Forex?

Why Trade Foreign Currencies?
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:

No commissions.
No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.
No middlemen. Spot currency trading eliminates [...]

Using Stop-Loss in Forex

Investopedia.com defines stop loss hunting as: “A strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set their stop-loss orders… It is nothing more than the art of flushing the losing players out of the market“…

What does it [...]

Currency Converter

Want to try Currency Converter?
Instructions:

Choose your language from the list in the upper right corner. (English is the default.)
In the left scrolling list, choose the exchange unit you want to convert from. Drag the scrolling arrows to scroll through all selections. (All exchange units are listed with the name of their country first. For example, [...]