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Jim Rogers, famous for his witty and research-backed remarks about developments in the financial world, is considered one of the greatest traders of all time. He set up the Quantum Fund with another legendary trader, George Soros, in…
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The quickest and the probably least helpful answer to this question is a fixed amount; say $500 for example. Many brokers do set a minimum amount required to open a Forex trading account. But if you want a more practical answer, then it…
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Price action on USDCAD suggests that we are trading within the last primary wave Ⓒ of a simple correction. Wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5). With wave (3) completed a few weeks ago, we are now running…
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Oil Hits Three Year Highs Volatility in the oil market continued this week. Crude broke out to its highest level since October 2018, piercing above the 65.40 level briefly, before reversing lower. Oil prices have been rallying steadily…
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Revenge trading is quite possibly the most counter-intuitive, self-destructive behavioral pattern a Forex trader could ever slip into. And yet, so many investors can often find themselves shackled by this seemingly unstoppable compulsion to…
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There are many different trading strategies using trend lines and retracements. Most of them seem to be either discretionary or require many different variables making the trading strategy one that can post different results depending on…
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On the 1H timeframe, we see that the second half of the bullish impulse is currently under development. The market has completed the development of the horizontal correction ④, which is a flat (A)-(B)-(C). Then the price started to move…
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The formation of the AUDUSD currency pair shows a clear completion of correction wave b. The cycle wave b is a bullish triple zigzag of the primary degree. The end of the intermediate impulse (C), which completed the primary wave Ⓩ,…
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The current XAUUSD structure hints at a bearish trend. The potential 5-wave impulse consists of primary waves ①-②-③-④-⑤. With impulse ① competed and the upside zigzag (A)-(B)-(C) correction in wave ② looking exhausted, we expect markets…
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The WallStreetBets saga got a lot of sensational coverage. This somewhat obscured that what the retail traders were doing - and succeeded in doing in the case of GameStop - is a pretty standard trading move called a "short squeeze". The…
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Not all currency pairs are the same, evidently. And two of the ways they differ is in the level of volatility and liquidity. Some pairs are more volatile and liquid, while others can be more liquid and less volatile, or vice versa. Given…
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