Welcome to the another live session Traders. EURUSD has rallied as did many pairs against the dollar and has now tapped 1.10300. The long term bias for the Euro is short as it is contained with a descending channel. If we want to get in on the longs, we need a closure above 1.10300 and […]
Like all good things, our long weekend has come to an end. Happy Tuesday Traders! I’m RP Forex back with another live session. In today’s live session we discuss our beautiful GBPJPY short that was analyzed during yesterday’s live session. This trade was trading with the trend, and brought us an additional +110 pips on […]
Welcome to our FREE live session. We will recap how our trades went this week and why they were taken. We took around 7 trades, with our only loss being USDCHF which was stopped out by a unscheduled news release. We made around 240-250 pips (official pip count will be posted) where most if not […]
Welcome back Traders to another live session. Last night during the London session, China dropped a bombshell by saying that they would like to work out a deal with the US in their ongoing trade war. This caused USD strength and CHF & JPY weakness. Which in turn lead to our USDCHF trade to be […]
Welcome back traders to another live session. Last night GBPCAD brought in an additional +100 pips of profit. We finally have EURUSD on the way to 1.10700. Yesterday, we took GBPUSD longs, but because of the price action I decided to exit the trade and cut our loses short. We cut our loses short at […]
It’s been a while since we last took a look at the US Dollar Index (DXY), so I thought it was time we analyzed the USDX technically and fundamentally. As I’ve stated countless times on my blog posts, there are two sides to every Forex trade. Both technicals and fundamentals are important deciding factors as […]
Novice Forex traders soon start to learn that in addition to technical analysis, fundamental analysis is a huge driver of a currency’s strength. If you haven’t read my previous blog post on Technical vs Fundamental Analysis, check it out here: Technical Analysis vs. Fundamental Analysis. For those of you that have given this a read, […]
Even though I preach every trader to strive to become an independent trader, it’s a much easier thing to say than do. Everyone needs to start somewhere, right? Some start their Forex career blowing multiple accounts, entering a mentorship program or multiple signal groups to no avail. More often than not, the majority of novice […]
Many newcomers to forex trading are either beginner traders or traders who are transitioning from traditional stocks trading to Forex trading. These individuals are always inquire about the advantages and disadvantages of trading Forex. For people who are just learning about the Forex Market, we recommend reading our previous blog article How to Get Started Trading […]
In today’s blog post I will be going over (briefly) the top 3 most important aspects of technical analysis. The topics covered today need to be mastered before you make an attempt to learn more advanced TA, or place a trade on a live account. For those that have read my past blog post on […]