Monthly Archives: April 2008
GBP/USD Forecast
I think now GBP/USD shows us a good sign to buy. Let me show you this screenshot (GBP/USD Daily Chart as of Today): As you can see there are few points that lead us to open a buy from this … Continue reading
Confidence and Facts When Trading Forex
When you trade forex, you need to have confidence of your own decisions. However, if you only have confidence in trading forex without looking for the facts in the forex market, you will have trouble in gaining more profit. What … Continue reading
Forex Signal GBP/USD 23 April 2008
Sell at 1.9930 area and profit target at 1.9860. Put stop loss at 1.9976. Happy forex trading and God bless. Update: Nice 70pips Profit!
GBP/USD Direction
We should see GBP/USD price will move up in couple of days. Price start with moving down which is a good sign that this pair is retracing. However, you should see the big picture for the market price. So, again … Continue reading
Best Time To Trade Forex
Which is the best time to trade forex? Since forex is 24hours a day, therefore you can choose your own time to trade. However, there are certain periods of time that are more active in forex market. Basically there are … Continue reading
Which Forex Trading Strategy Is The Best?
You may find that there are many forex trading strategies out there and struggle about which one is the best to use. The answer is: There Is None! What I mean by that? Well, the best strategy for each trader … Continue reading
EUR/USD 14th April 2008
Good time to buy and target profit at 1.5800 and above. If you buy at 1.5720 area, put your stop loss around 70 pips. Happy forex trading!
USD/JPY Currency Forecast
We expect this pair to be up. However, let the market go down first then buy from the dip. It will be good if you buy below 1.0070 level and profit target at 101.40 level. Put stop loss 70pips below … Continue reading
4th April Forex Summary
Today non-farm payroll came out and brought bad news to USD but right now USD still strong against JPY. Anyhow, we will see for next week price movement. Remember that we are in the high probability of price retrace. Happy … Continue reading
Nonfarm Payroll Day
4th April is nonfarm payroll day, forecasters say that it will be more cuts of jobs and this means it will weaken the US Dollar. However, we will choose not to trade the forex while this Big Day comes in. … Continue reading