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Technical analysis on GBPUSD, AUDUSD, and USDCHF: 5th December -9th December - Forex Site

GBPUSD technical analysis: 5th December – 9th December     Figure: GBPUSD daily chart The Great Britain pound has suffered an extensive loss in the financial market during the Brexit event. At the event, the pair sharply dropped at the critical support level at 1.13142.From that level, the pair managed to find some strong support…
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Crude slowly settles higher as OPEC initiates settlement - Forex Site

There has been massive in the global market as the price of oil faces an extreme level of selling pressure in the global market due to the increase of recent supply of oil. Most of the leading oil investors were in doubt since the price of oil was going down by breaking many important levels…
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How to manage your trade efficient in forex trading - Forex Site

In order to make a decent profit from the forex market, you need to learn how to manage your trade very efficiently. Those who are trading the financial instrument for a long period of time, have learned how to manage their trade under different market conditions and this has allowed them to make a profit…
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Problems after the Brexit - nobody wants British - Forex Site

Problems after the Brexit - nobody wants British - Forex Site | forexsite | Scoop.it
Two and a half months, the citizens of the United Kingdom voted in a referendum to leave the European Union, and after forty-three years left the umbrella of EU membership. Written a new page of history, immediately after the referendum began speculating about possible scenarios and the consequences that bring Brexit A week before the…
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Strong rally in the oil future price: Investors are overly cautious about the fifth consecutive weekly gain in price - Forex Site

Strong rally in the oil future price: Investors are overly cautious about the fifth consecutive weekly gain in price - Forex Site | forexsite | Scoop.it
There has been a steady rise in the oil price and the market traded fairly higher on Friday securing a fifth consecutive gain in the live market. The current rise in the crude oil price with decent volatility has eased the producer to a certain extent. Crude CLZ6.+0.73% added more than 22 cents or 0.14%…
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Technical analysis for EURUSD: 7th November - 11th November - Forex Site

Technical analysis for EURUSD: 7th November - 11th November - Forex Site | forexsite | Scoop.it
The EURUSD pair has corrected to a great extent over the last week after the breakout of the triangle chart pattern. The pair sharply fell after breaching the triangle support zone at 1.10898 level and eventually started its correction in the last week after the hitting critical support level at 1.08526.Investors are overly cautious about…
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Oil is still trading significantly higher prior to the OPEC meeting - Forex Site

Oil is still trading significantly higher prior to the OPEC meeting - Forex Site | forexsite | Scoop.it
The price of oil is rallying high for three consecutive weak even though the green bucks have exhibited its strength in the currency market. The leading oil manufacturing companies have been rigging the oil hard in the last couple of month causing instability in the oil price. In the eyes of trained investors the OPEC…
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The three worst trading mistakes that every trader makes in forex options trading - Forex Site

Trading the financial instrument can be an extremely difficult task if you are relatively new in this industry. Forex trading and options trading are pretty much similar and you can earn a decent profit out of trading the financial instrument if you have a solid trading plan and strict trading discipline. There are many forex…
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Advanced Trading strategies for Forex Market

Forex trading is complex and requires detailed market research. A trader needs to be updated regarding the entire condition of the present world market scenario. Based on his research, a trader is required to develop several vital strategies for effective trading process.

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Fundamental outlook for the major pairs and important news events.12th December – 16th December

Fundamental outlook for the major pairs and important news events.12th December – 16th December | forexsite | Scoop.it
There has been a massive chaos in the financial industry from the very beginning of the year 2016.The FED was supposed to hike their interest rate in the middle of 2016 but due to the ongoing weak economic performance they have delayed their rate hike. However, thighs are favored the FED hike decision recently as…
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General analysis about forex market: 2nd January – 6th January

General analysis about forex market: 2nd January – 6th January | forexsite | Scoop.it
GBPUSD Technical analysis: The GBPUSD pair showed some decent bullish movement in the last trading week after hitting the critical support level at 1.21963.The gained its bullish momentum in the market after the US dollar index slipped from its 14 years high in the market. However, the bullish move in the GBPUSD pair faded after…
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How to spot the best price action setup in the forex market - Forex Site

Trading can be an extremely difficult task if you don’t know how to trade the market with a great level of precision. Most of the retail traders in the financial industry fail to make money in online trading since they focus too much on their potential profit. But if you truly want to become a…
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The dollar rose after the US private sector has opened 177000 jobs in August - Forex Site

The dollar rose after the US private sector has opened 177000 jobs in August - Forex Site | forexsite | Scoop.it
The dollar rose against other major currencies after data released which showed that the US private sector, agricultural van, opened the 177,000 jobs in August. Official data showed that the US private sector, agricultural van, opened the 177,000 jobs in August, after rising 194,000 in July, while analysts expected growth of 175.000.Forex pair EUR /…
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General analysis about forex market: 17th October -21st October - Forex Site

General analysis about forex market: 17th October -21st October - Forex Site | forexsite | Scoop.it
EURUSD technical analysis The medium-term uptrend in the EURUSD pair has changed its momentum in the last week. The pair has broken the bullish trend line support in the last week and established new bearish pressure. Though it has broken the trend line support zone but professional traders are overly cautious since the U.S economy…
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Trading idea on major pairs: 24th October -28th October - Forex Site

Trading idea on major pairs: 24th October -28th October - Forex Site | forexsite | Scoop.it

EURUSD pair The medium-term uptrend in the EURUSD pair has come to an end and last week the price broke the key support level at 1.09553.There has been a massive confusion into the mind of investors about the next move of the EURUSD pair but traders are somewhat relaxed since the pair has broken significant…

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Gold and copper market is most likely to remain extremely sensitive along with major currency pairs in the upcoming weeks. - Forex Site

Gold and copper market is most likely to remain extremely sensitive along with major currency pairs in the upcoming weeks. - Forex Site | forexsite | Scoop.it
The recent presidential election has created massive chaos in the financial market in the last week and investors are overly cautious since Donald Trump has taken the responsibility for the U.S government defeating Mrs. Clinton. There was supposed to be a strong bearish sentiment in the market since Mr. Trump is mostly against international trade…
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General analysis about forex market: 28th November - 2nd December - Forex Site

General analysis about forex market: 28th November - 2nd December - Forex Site | forexsite | Scoop.it
EURUSD technical analysis In the last week, the EURUSD pair has shown nice sign of recovery after hitting the critical support level at 1.05181.This level is going to play a significant role in the next move of the EURUSD pair since the pair has tested this critical support level previously on 3rd December 2015.The daily…
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Technical analysis on GBPUSD, AUDUSD, and USDCHF: 5th December -9th December - Forex Site

GBPUSD technical analysis: 5th December – 9th December     Figure: GBPUSD daily chart The Great Britain pound has suffered an extensive loss in the financial market during the Brexit event. At the event, the pair sharply dropped at the critical support level at 1.13142.From that level, the pair managed to find some strong support…
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Risk Management in Forex Trading

Risk Management in Forex Trading | forexsite | Scoop.it
Online currency trading is a popular among traders globally. The Forex market witnesses an average daily turnover of $5 trillion. Traders continuously do their best to turn a profit by speculating on the value of one currency compared to another.   But the skill of managing Forex risk decides a traders trading career. Learning to tackle…
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Secrets of price action trading strategy in the forex market

Secrets of price action trading strategy in the forex market | forexsite | Scoop.it
There are many different types of trading strategy in the forex market. Most of the retail traders use indicators based trading strategy and mess up their chart by using too many indicators. Trading with an indicator is not at all profitable since it creates too many false signals in the market. If you truly want…
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