A News From the Forex Market

The Forex market is the place where you can win money based on currency exchange. But this field of activity, just like any other jobs, requires a lot of expertise and knowledge. This is why beginner traders should work both with a broker and with specialised software in order to make sure that he will manage to trade as they should in order to have gains.

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Posted in: News Forex

a peter lim -- How To Trade Forex Using News and Economic Releases

While many forex traders are technical traders and institute their trades based on technical indicators from a price chart, there are some traders who are basically pure forex news traders.

What is actually forex news trading?

The forex news trader is basically a forex trader who makes his decisions to trade based on news and reports that are released daily. He does not depend on any technical indicators at all.

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Posted in: News Forex

Forex: NZD/USD breaks into new highs

The Kiwi continues to trade at levels never flirted before against the US Dollar. Despite the prospects of a higher USD as QE2 ended, so far has been a waste of time to fight the upside potential on this pair.

The latest bullish spike, just an hour ago, sent the price from 0.8295, middle point of Monday's trade range, to 0.8327, a 10+ pips break from the former high at 0.8317. Price is now in the process of getting a new impulse north by retesting the old resistance, now new support.

As Sean Lee, Editor at Forexlive comments: “We are looking at blue skies in the NZD/USD and reliant on technical projections to find some resistance levels; trend channel resistance around .8400 is the next level to watch.”

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Posted in: News Forex