Forex Trading Basics Tutorial 9 -- Automated Forex Trading

For this section of the tutorial, the focus is on automated trading.  When a computer program is used to trade currency pairs based on pre-set parameters that are programmed into the software’s trading platform, this is what is known as automated trading or trading robots.  Hundreds of these programs are in use today, with some…

Forex Trading Basics Tutorial 8 - The Basics of Forex Carry Trades

In this section, there will be an overview to show how to incorporate economic factors into a trading plan.   Economic factors play a key role in the direction over the long term for Currency Pairs.  Also included will be central banking websites and types of economic indicators and an explanation of what their data means.…

Forex Trading Basics Tutorial 7 -- Basics on Forex Charts and Chart Reading

This tutorial will show how powerful Forex charting tools can be for a trader to utilize.  Also, this section will offer graphic examples to illustrate two of the most common charts used in currency trading, such as the Fibonacci Series lines and a sample of a moving average convergence. Charts are Graphic Price Pairs By…

Forex Trading Basics Tutorial 6 -- Basic Forex Fundamental Analysis

This Forex Trading tutorial covers the fundamental analysis of currencies, starting with looking at the currencies central banking websites.  In addition, you’ll learn about how the economic information will assist in creating predictions on the upward or downward trend of a currency pair. Forex traders know that the way to make money in currency trading…

Forex Trading Basics Tutorial 5 -- Forex Chart Trading Basics

In this chapter, the technical analysis for a Forex application will be discussed as well as various techniques using chart time perspective short term scalping.  Adding technical analysis can augment a Forex trading program. Technical Analysis is Spotting Forex Trading Trends When a trader views technical analysis, he is following the basic herd instinct.  When…

German Factory Orders UP, US Down

On Tuesday morning at 6 AM EST German Factory Order numbers were released that showed a plus 4 percent gain month over month.  Yet last Friday, May 5th US Factory orders were released that showed a negative 4 percent growth rate month over month.  Yesterday, German Industrial Production showed a gain of 1.2%.  Now it’s…