Forex education and useful picks

We want you to learn Forex trading techniques and skills which will help to maximize your trading strategies. Our Forex training courses were developed to help beginner, intermediate, and advanced traders apply educational concepts quickly and without confusion. Although there are many Forex trading courses MORE...

Most literature written on technical analysis, more specifically technical indicators, begins with Moving Averages. As its name would suggest a moving average calculates an average of price range over a specified period. For example, a 10 day moving average gathers the closing price (or the open, high or low) of each day within the 10 day period, adds the 10 prices together and then of course divides by 10. The term moving implies that as a new day's closing price is added to the equation, the day that is now 11 days back is dropped from the equation. Figure 1 shows an example of a simple moving average line placed on a candlestick chart.
http://teiseer.com/blog/wp-content/u...-1-300x156.jpgMoving Averages 1
The example in figure 1 outlines what would be considered a Simple Moving Average. There are at least 7 varieties of moving averages


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8 Wrong things in Your Forex Trading

So you’re new to forex? Or perhaps you’ve been trading for a while now and things just aren’t working out for you? Maybe you’re committing one of the errors below. Whatever you do, don’t be too hard on yourself. Many traders at one point make one (or all) of these mistakes.
Mistake 1: Risking too much
This is a mistake that all too many Forex traders make. Sometimes people view the forex market as a get-rich-quick market and get burned as,,,,,

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Binary Options vs Forex



Binary Options have become widely popular during the last two years. The main reasons for this, is that they offer high profit returns and they are easy to trade.
In this article I will try to outline the main differences between Binary Options and Forex, so that you can evaluate which is the better trading method for you. A good way to start is to provide definitions of both and look at an example of a trade.
After you read this article, please share your views with us! We encourage you to use the comment box at the bottom of this page.
Forex definition: When trading Forex you are speculating that the value of one currency will increase or decrease compared to another, http://teiseer.com/blog/wp-includes/.../img/trans.gifin an attempt to make a profit........

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NFP is today

What do we expect....


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Trading the US Non-Farm Employment Change

US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar.


Indicator Background

Job creation is one of the most important leading indicators of overall economic activity. Thus, the publication of employment data is highly anticipated by the markets, and an unexpected reading could affect the direction of EUR/USD.
In March, Non-Farm Employment Change was outstanding, jumping to 236 thousand. This easily beat the estimate of 162 thousand. The estimate for the April release stands at 198 thousand. Will the indicator again surprise the markets with a strong reading?


Sentiments and levels

While banks have reopened in Cyprus, strict capital controls remain in place, as the government fears a run on the banks. A great deal of damage has been done to confidence in the euro-zone’s banks, especially after the ill-timed statement by Eurogroup head Dijsselbloem. Many people wonder why they should hold more than €100K in the banks, if their money is not safe. The crisis could spread to Slovenia, even if there is little in common between the countries.
The picture out of the Eurozone continues to look gloomy. Italy isn’t getting closer to a government, and is probably headed to new elections. The economies in France and Germany are struggling and unemployment remains sky high in Spain, Greece and many other countries. Draghi will find it hard to express optimism at the upcoming ECB policy meeting, and he has a more limited set of tools this time.
Also US figures have taken a turn for the worse after a good streak, but the economy continues to grow, and we’ll likely see major releases bounce upwards soon. So, the overall sentiment is bearish on EUR/USD towards this release.

Technical levels, from top to bottom: 1.30, 1.2960, 1.2880, 1.2805, 1.2750 and 1.27.


5 Scenarios

 

1. Within expectations: 192K to 204K. In such a scenario, the EUR/USD is likely to rise within range, with a small chance of breaking higher.
2. Above expectations: 205K to 209K: An unexpected higher reading can send the pair below one support line.
3. Well above expectations: Above 209K: Such an outcome would be bullish for the dolllar, and a second support line could fall as a result.
4. Below expectations: 187K to 191K: A weaker reading than forecast could result in EUR/USD pushing above one line of resistance.
5. Well below expectations: Below 191K. In this scenario, the pair could break above a second resistance line.....

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$/yen near term outlook:
In our previous post we warned of scope for a final upleg back to the Mar 12th high at 96.70 and even temporarily, above as part of a complex topping (possible wedge). These types of "complex" tops often occur after sharp upmoves (as seen since Sept), as good bids are seen at lower levels, but selling is seen on further highs. The market has indeed jumped since, earlier breaking above that 96.70 high. Note that the market remains overbought after the last 6

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Understanding Support and Resistance

Support and resistance is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea on how you should measure support and resistance.
Let’s take a look at the basics first.
http://i1.wp.com/teiseer.com/blog/wp...size=300%2C162Support and Resistance

Look at the diagram above. As you can see, this zigzag pattern is making its way up (bull market). When Read More ....

Don't Leave the Action Items on the Table

Analyzing a Trade?
Some Forex traders tend to dwell on past trades and over analyze them, while others ignore past activity and are eager to make the next trade. Both approaches are not likely to improve your profitability.
The golden path is somewhere in the middle. What can you do to use previous trades usefully? Here are some ideas.
Forex trading, like anything in which you want to succeed, requires commitment. Casey Stubbs rightfully says that he “would rather work hard and be committed to achieve success then do things halfhearted with no commitment only to be broken hearted again and again by a string of successive failures.”

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