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The foreign exchange markets (forex or FX) are the largest trading venues in the world, featuring about $3 trillion per day in turnover. On the forex, international currencies are pitted against one another, with millions of traders picking their favorites on a 24/5 basis. Not to be left out of the massive global currency trade,… Read more.
In terms of capitalization, the world’s largest market is the forex. With more than $5 trillion in daily traded volumes, the forex market offers participants a high degree of efficiency due to its robust depth and liquidity. For many traders, the forex is a premier avenue for the pursuit of almost any financial goal. Forex… Read more.
Perhaps the oldest standardized mode of trade involves the swapping of foreign currencies. Exchanging one form of money for another has long been an unavoidable aspect of travel, as well as a speculative endeavor. Whether you’re a professional arbitrager or simply striking out abroad, the currency trade is an indispensable component of international commerce.
Today the Euro FX futures were on the Buy day of the Taylor Trading cycle and an NR4 pattern on Tuesday gave it a breakout setup today as well. This gave us a good buying opportunity. Tuesday was the second consecutive day down. Normally we would anticipate a Taylor Buy day on Tuesday however it… Read more.
Today’s ECB meeting coincided with a breakout setup on the daily chart, which I noted in last night’s Swing Trader’s Insight. This combination allowed us to anticipate a potentially explosive move today and gave the setup to take advantage of the move when it occurred.
Join us for a webinar with Senior Broker Don DeBartolo as he discusses trading Forex, the global currency market.