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16/26
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The forex trader's attitude is an important element that must not be neglected. In order for a trader to elaborate a trading style that matches his mindset, he must identify his key personality traits (both strengths and weaknesses)
The trader within you is the result of many things: your beliefs, your personality, your attitude or mindset, your character and your health. You cannot buy these things at the trading store Instead, you must identify and know yourself, and then make whatever adjustments are necessary.
1. Document everything – this includes plans on how you are going to enter and exit a trade. For instance, use the rules you have been taught in your Forex trading training and only enter and exit trades that fit within those rules. Before entering, go through your checklist and tick off the rules one by one. If one rule is not apparent, do not trade.
2. Find a comfort spot – once you are frequently placing good and winning trades you automatically get a feeling of comfort. Next time you find an entry point the same feeling will come back and you can sleep comfortably knowing you have followed your rules. Even if the trade is not successful, you have not made a mistake.
3…
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Chilli avatar
Chilli 27 June

good

fts avatar
fts 29 June

good

bhavinvanza avatar

NICE

Yesa avatar
Yesa 30 June

nice job

hrustiashka avatar

Good article

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16/31
Ranking
Bagi saya trading adalah suatu bentuk seni komuniasi bahasa unik yang dibantu oleh analisa teknis untuk lebih mudah memahaminya. Sebagaimana kita ingin mendengarkan dan mengerti pembicaraan dari suatu masyarakat asing maka kita lakukan dengan mempelajari bahasa dan adat istiadat mereka. Dengan begitu maka kita akan bisa mengerti kebiasaan, kemauan, dan emosi mereka dengan baik sehingga kita dapat melakukan hal-hal dengan lebih tepat. Demikian pula dengan pasar forex yang dicerminkan dalam bentuk pergerakan grafik harga adalah suatu bentuk bahasa komunikasi unik yang mencerminkan kebiasaan, kemauan, dan emosi para pelaku pasar dari masa ke masa. Dengan demikian sebagai seorang trader apabila mampu memahami komunikasi bahasa unik tersebut akan lebih mudah mengikuti naik turunnya pergerakan pasar yang digerakkan oleh para pelakunya. Pola pergerakan grafik harga dan bentuk candle stick merupakan komponen utama grafik yang sedang mengkomunikasikan sesuatu dengan kita. Salah satu cara untuk memahami bahasa pasar dengan baik adalah dengan membuatnya menjadi suatu cerita menarik berupa pertempuran antara dua negara dari masing-masing mata uang, dan mungkin kenyataannya memang demikian.
Un…
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kamilla1st avatar
kamilla1st 26 Mar.

I don't understand the language but I love organized material!

alexa_stel1 avatar

Like

Sasha_spicy avatar

well done my friend!

MargaritaDG avatar

Well done! :)

AnnaZhurina avatar

Super!

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29/59
Ranking
Good Morning All;
we'll see a nwe weely analysis of markets.
Headlines
Global equities edged higher last week, supported by a raft of upbeat global macro data, and continuing expectations of business-friendly tax adjustments in the US
US Federal Reserve (Fed) Chair Janet Yellen adopted a slightly more hawkish tone at her testimony to the Senate Banking Committee, warning that “waiting too long to remove accommodation would be unwise”
US headline retail sales rose 0.4% mom in January, beating expectations of 0.1%, and are more in step with the post-election rise in consumer sentiment amid further strengthening of the labour market
In the coming week, the February Federal Open Market Committee (FOMC) meeting minutes will be scrutinised for any fresh clues around future US monetary policy.
US

The highlight of US releases in the coming week will be the 1 February FOMC meeting minutes. While there has been a large amount of Fedspeak since the meeting, any colour around the Committee doves’ degree of reluctance to move will be keenly noted. Also of great interest will be any discussion surrounding the likely timing of the end of the Fed’s balance sheet reinvestment policy (which may inc…
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FXRabbit avatar
FXRabbit 12 Mar.

Good article!

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36/69
Ranking
Good Morning All Users;

overnight, the main focus was the OPEC meeting in Vienna. OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-OPEC Russia will also join output reductions for the first time in 15 years to help the OPEC prop up oil prices. The deal would reduce output by around 1.2 million bpd. Saudi Arabia will take the lion's share of cuts by reducing output by almost 0.5 million bpd to 10.06 million bpd. Its Gulf OPEC allies - the United Arab Emirates, Kuwait and Qatar - would cut by a total 0.3 million bpd. Iraq, which had insisted on higher output quotas to fund its fight against Islamic State militants, unexpectedly agreed to reduce production - by 0.2 million bpd.
From the US data front, Private Payrolls showed private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month. Private payrolls printed 216K from 147K prior, while consumer spending rose 0.3% after an upwardly revised…
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cosma avatar
cosma 2 Dec.

follow  FxCox    on Twitter

Ayushvam avatar
Ayushvam 2 Dec.

Informative, Nice one.!! cosma

Beto avatar
Beto 19 Dec.

nice info, well done.

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39/65
Ranking
Good Morning All;
we'll see now a new weekly fx outlook.

United States:
Financial markets have been enthralled by the prospect of re-activating fiscal policy under a Republican-led White House and Congress. Equity markets, rates, and the dollar have risen substantially, as markets express growing conviction about imminent infrastructure spending, personal and corporate tax reform, de-regulation, replacement of "Obamacare," and the unwinding of President Obama's eight-year blitz of executive orders. Nevertheless, there remains a very high level of uncertainty regarding the details of the fiscal package and its timetable for implementation. The post-election rise in the dollar and 10-year rates implies markets expect stronger growth and higher inflation imminently. But if the dollar- and rates-induced drag manifests before the fiscal boost, there may be a rise in market volatility as positioning and expectations get revised.
Expectations of fiscal stimulus following the US election have led markets to price a more aggressive pace of Fed rate hikes in 2017. While Citi Analysts do not disagree with the repricing of 2017 Fed hike expectations, they are not convinced that the prospects f…
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VictoriaVika avatar

Well done, good luck :)

klizthiac avatar
klizthiac 24 Nov.

good job

brilliant avatar
brilliant 24 Nov.

good information

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36/65
Ranking
Good Morning All Users;
we'll see a new weekly currency report.
#EnjoyReading

Last Week's Highlights
Q3 UK, US GDP estimates beat expectations
GBP/USD falls to new non-flash crash low
BoE Gov Carney testifies before Economic Affairs Committee
This Week's Highlights
Eurozone releases Oct inflation, Q3 GDP
BoE, Fed announce interest rate decisions
US releases October jobs report, NonFarms
GBP
Sterling fell against both the euro and the dollar last week. Last week’s key release was Friday’s initial estimate of Q3 GDP, which came in above expectations. GDP growth slowed less than expected to 0.5% from 0.7% in Q2. The pound continues to remain relatively under pressure in light of ongoing Brexit uncertainty, particularly over the possibility that the UK will pursue a “hard” Brexit. GBP/USD fell to a new low since 1985 (excluding the flash crash on 7 October) on Tuesday, around 1.2082. Consumer Confidence, which had risen to pre-Referendum levels in October, fell from -1 to -3. BoE Governor Carney testified before the House of Lords Economic Affairs Committee, reiterating that although the BoE does not target the exchange rate it is keeping the pound’s level in mind. Sterling fell ahea…
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priceaction113 avatar

The major factor for this week is US election. The actual satiation will be clear after election

VictoriaVika avatar

nice written artcile.

TInna avatar
TInna 13 Nov.

well written...

brilliant avatar
brilliant 24 Nov.

nice analysis

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24/56
Ranking
Good Morning Community;
The links between currencies and commodities are highly complex and are simultaneously referring to the macroeconomic variables of the nations and the balance of power between the various currencies.
The demand for one raw material from a country or, conversely, an economy strongly tied to the export of some commodities may create a link between a currency and a commodity.In some cases it may be the intimate nature of the trade in a certain commodity to encourage a bond: the dollar, for example, being the currency in which they are traded most of the first was with the world of commodities a very special connection materials.
A classic example of the link between currencies and commodities is that of Canada and Japan on one side and the other oil. Canada is only the fifteenth of the world economy in terms of gross domestic product, but is the world's sixth largest oil producer in the past has even exceeded in oil exports to the United States, Saudi Arabia.
This means that the Canadian economy is strongly linked to oil and therefore fluctuations in crude oil prices on international markets may influence the price of the Canadian dollar.
The link between the C…
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OneGoodTrade avatar

That's so common sense and so few understand it.

sonjatrader avatar

Well done!!

priceaction113 avatar

good article about correlation keep good work

k_morocco avatar
k_morocco 26 Oct.

nice work, thanks

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40/58
Ranking
Good Evening Community;
we'll see ow a new weekly currency analysis.
#EnjoyReading
Last week’s Highlights
•Pound rallies on Services PMI rebound
•Euro strengthens as ECB maintains QE timeline
•Dollar fluctuates with Fed rate expectations

This week’s highlights

•UK, US August inflation data
•UK employment figures
•BoE interest rate decision
GBP
The pound rallied further on Monday as data showed the services sector also rebounded in August. The Services Purchasing Managers’ Index jumped from 47.4 in July to 52.9 in August, its largest increase on record. The pound strengthened around 0.6% against the dollar and 0.7% against the euro on the release. Manufacturing Production disappointed expectations in July, while Industrial Production overall surprised to the upside. Manufacturing Production fell 0.9% from June to July and rose only 0.8% year-on-year. Industrial Production was up 0.1% MoM and 2.1% YoY. At the inflation report hearings before the Treasury Select Committee on Wednesday, Bank of England Governor Carney defended the BoE’s Brexit risk analysis and the stimulus measures taken in August as having supported the rebounded seen so far. Data out Friday showed that while the …
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CLACCD avatar
CLACCD 18 Sep.

Good job

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34/57
Ranking
Good Night Users;
we'll see now a new weekly currency forecast.

Last week’s highlights
•Pound falls to new YTD low vs euro
•Dollar falls on disappointing Retail Sales, PPI
•UK trade deficit widens in June
This week’s highlights
•UK July CPI, Claimant Count Change, Retail Sales
•US inflation
•Fed, ECB meeting minutes

GBP
The pound fell 1.07% against the dollar and 1.75% against the euro last week, remaining under pressure after the Bank of England expanded its QE programme and cut interest rates to 0.25% the previous week. Sterling fell to a low around 1.1555 against the euro, its lowest levels since 2013, and to 1.2911 against the dollar, still above its YTD low around 1.2789. Trade balance and Manufacturing Production data for June, out Tuesday, disappointed, adding to the pressure on the pound. The trade deficit in goods widened more than expected to £12.5B, from May’s upwardly revised £11.5B deficit. NIESR estimated that the economy grew a slower 0.3% in the three months through July, contracting 0.2% in July itself.
The calendar picks up this week. July data will be particularly closely watched as markets seek a better understanding of the referendum’s initial impact. July rele…
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bistolis avatar
bistolis 16 Aug.

nice roundup

cosma avatar
cosma 16 Aug.

THANK ALL READERS; follow me on Twitter.com/FxCox

priceaction113 avatar

GOOD ARTICLE

cosma avatar
cosma 19 Aug.

Thanks All Community!

FXRabbit avatar
FXRabbit 23 Aug.

Well written article!

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36/57
Ranking
Good Morning All;
we'll see now a new weekly analysis of Currency Markets.
#EnjoyReading.

The pound was under pressure at the start and end of the week as markets looked to final July PMI figures and as the Bank of England announced a larger stimulus package than markets had expected. The dollar strengthened on Friday as US NonFarms surprised to the upside. Releases to note on an overall quieter calendar this week include Manufacturing and Industrial Production from the UK, GDP and Industrial Production from the Eurozone, and Retail Sales and the Producer Price Index from the US.
GBP
The pound came under renewed pressure last week, ending the week down approximately 0.55% against the euro and 1.25% against the dollar. A downwards revision to Manufacturing PMI from July’s flash figure of 49.1 to 48.2, the lowest since early 2013, weighed on Monday. Construction PMI was down only 0.1 points from 46.0 in June to 45.9 in July and Services PMI was unrevised from the flash estimate of 47.4, offering the pound some relief ahead of Thursday’s Bank of England meeting. Both Construction and Services PMIs were at their lowest levels since 2009, while the latter index had its sharpest drop on …
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priceaction113 avatar

keep doing good work

cosma avatar
cosma 10 Aug.

Thanks; follow me on Twitter/FxCox   

massimoscalas avatar

very good

cosma avatar
cosma 12 Aug.

Twitter.com/FxCox

FXRabbit avatar
FXRabbit 23 Aug.

Good job done!

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24/47
Ranking
Friendly Week All Community;
a new Weekly Forex Analysis For You.
#EnjoyReading

Sterling rallied last week as the UK’s political landscape stabilised with the implementation of a new Prime Minister and as the Bank of England surprised markets by keeping interest rates unchanged at 0.50%. The US dollar benefited at the end of the week from above-forecast economic data, including gains in Retail Sales. This week’s calendar includes UK CPI, employment, Retail Sales, and flash Manufacturing and Services PMI figures, as well as US housing data, and the European Central Bank’s first meeting since the UK’s referendum.
GBP
The pound rallied on Monday as Andrea Leadsom withdrew from the race for the Conservative Party leadership and as David Cameron announced that he would resign on Wednesday, with Theresa May to be instated as Prime Minister by Wednesday evening. Political uncertainty following the resignation of former PM Cameron had added to the pressure on the pound following the referendum, and an easing of that uncertainty bolstered the pound. Markets had speculated that the Bank of England would cut interest rates from 0.50% to a new record low of 0.25%, only to be surprised as the …
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Efegen avatar
Efegen 19 July

Nice wrap up:)

cosma avatar
cosma 19 July

Thanks All; follow me on Twitter>>>  http://www.twitter.com/fxcox  www.fxcox.wordpress.com

samymahrous avatar

great work

Armands avatar
Armands 23 July

Nice job! Thanks!
I think that pound will recover, there is no benefit for being in EU for UK. UK loses 10 bln a year and also it's sovereignty. Britain was economically strong before there was even idea of EU! Euro will lose big time!

cosma avatar
cosma 23 July

Thanks All; if you wont read my blog...follow me on Twitter/FxCox

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31/51
Ranking
Morning All;
we'll see now a new Currency Analysis.


Weekly Analysis 18.04.2016

The pound was able to take back some ground last week, partially on the back of an above-forecast inflation release, while underwhelming inflation and industrial production figures from the US added to the uncertainty regarding the likely date of the next Fed rate hike. Final CPI figures confirmed that inflation remains well below target in the Eurozone. Key items on the calendar this week include Fed comments on Monday, UK wage and employment releases on Wednesday, and the ECB meeting and UK Retail Sales on Thursday. Ongoing questions, including the future of oil and Brexit uncertainty, will continue to occupy markets’ attention.
GBP
The pound received a boost last week after annual CPI inflation rose more than forecast to 0.5% in March from an under-forecast 0.3% in February. Core CPI was also higher than expected, rising to 1.5%. The Bank of England has kept monetary policy accommodative at least in part to stoke inflation, which nevertheless remains well below the BOE’s target rate of 2%. While the above-forecast figure offered the pound some support mid-week, Sterling weakened again as attention t…
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Sennna88 avatar
Sennna88 19 Apr.

very helpful article

klintons avatar
klintons 27 May

Very good

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48/66
Ranking
Morning Community;
we'll see a new weeekly forex outlook.
Last week’s main event was Thursday’s ECB meeting and the resulting volatility in the euro. The ECB announced stimulus measures that were more aggressive than expected, before ECB President Draghi indicated at the press conference that interest rates may not be cut any further. Other data highlights included US Unemployment Claims, which fell to a four-month low, and UK Manufacturing and Industrial Production, which both returned to growth. Attention this week turns to a busy calendar, including meetings of both the Fed and the BOE, the UK’s Annual Budget, UK wage and inflation data, and US and Eurozone inflation figures, among other releases.
GBP – There were few major releases from the UK last week. Manufacturing and Industrial Production both returned to growth. Manufacturing Production rose 0.7%, more than forecast, while Industrial Production was up 0.3%, less than forecast. The pound took back some ground against the dollar last week, despite a limited data calendar and perhaps in part continuing gains at the end of the previous week following the release of disappointing US wage growth figures. The Goods Trade Balance…
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williamb avatar
williamb 16 Mar.

very good analysis

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51/66
Ranking
Good Evening Community; we'll see now a NEW FOREX WEEKLY ANALYSIS.

The pound recovered some of its recent losses last week as Brexit fears receded slight from the forefront of market attention. These gains came despite three disappointing PMI releases, as Manufacturing, Construction, and Services PMI figures all fell more than expected. The dollar weakened against both the pound and the euro on the back of largely underwhelming data, including following Friday’s mixed jobs report. This week’s highlights include BOE testimony on the UK’s EU membership, UK Industrial and Manufacturing Production, the ECB’s meeting on Thursday, and US Unemployment Claims and Fed comments ahead of next week’s meeting.

GBP – The pound strengthened last week despite largely disappointing data. Manufacturing PMI fell from 52.9 to 50.8, its lowest level since January 2013. Construction PMI fell from 55.0 to 54.2, last hit in April 2015. Services PMI also fell to a nearly three-year low, dropping from 55.6 to 52.7. MPC Members Broadbent, Cunliffe, and Haldane spoke but discussed digital currencies, housing market risks to financial stability, and the future of money, respectively. The pound’s moments of st…
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alias1980 avatar

excellent analysis, thank you!

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49/66
Ranking
Morning Users;
we'll see now new Currency Weekly Analysis.

Last week provided little joy for the pound as it fell to new lows against both the dollar and the euro. Sterling-euro fell to a new low since December 2014, while Sterling-dollar fell to a new seven-year low. G20 members reiterated previous pledges to avoiding competitive currency devaluations, but the meetings overall had relatively limited impact on the rates. Last week’s highlights included increased pressure on the pound from ongoing Brexit concerns, above-forecast US Durable Goods Orders and an upwards revision of Q4 US GDP, and low Eurozone inflation figures. This week, attention turns to ECB signalling ahead of next week’s meeting, the US’s jobs reports, and ongoing pressure on the pound, which could test new lows, especially if PMI figures disappoint.
GBP – Sterling weakened last week as concerns over a possible Brexit intensified after London Mayor Boris Johnson voiced his support for a Leave vote the preceding weekend, erasing the pound’s initial gains after Prime Minister Cameron and other EU leaders agreed on a deal to keep the UK in the EU. Johnson’s support may increase the chances of a Brexit, but the vote r…
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sonjatrader avatar

interesting

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