Skip to main content

Forex forecast

By

Forex Forecast



For a start, we need to distinguish between short-term and long-term review of the currency pair or pairs. The first is the best option for intraday traders, and the second is more suitable investors, tracking global trends.

First of all you should verify the accuracy of forecasts. To do this, they must be precise and not vague. You can read Forex Analytics on the website of the broker, but you can use the mailing trading forecasts (paid or free). Start with the free options, while tracking statistics from multiple sources. A maximum of 2 weeks you will have enough information to weed out the worst analysts.

It is better to give preference to long-term forecasts in combination with fundamental analysis conducted by the trader. Thus, we increase the likelihood of their occurrence. In addition, the entry in position is relatively rare, for example, once per day, which is ideal for busy people (the main work etc).

Do not spray on a large number of currency pairs. Select 1-2 and work with them. Usually, many people choose EUR/USD or GBP/USD and sell them. Liquidity, low spreads and good volatility of these pairs allows to build your own trading. An important presence in the Euro-dollar both significant to the world economy currencies.

What can you say about Forex predictions for 2012? Many analysts agree that today there are many events that give a significant boost to global currencies - US dollar, Euro, yen and British pound. This applies to other, less popular currencies like the canadian and Australian dollars, and so on, but most of all, in terms of these four currencies.

Large external debt of the USA and many European countries, events in the middle East and the struggle for oil, the next wave of the crisis - all this makes the exchange every day to change their value. For 2012 as a whole characterized by significant volatility and the unpredictability of the direction of movement of international currencies. It is unknown how long this trend. It is important for us to remember the first rule of a trader is not to lose the Deposit. Only then is the point, and income. So trade carefully, follow the rules of money management and all will be well.

Finally I want to suggest 2 good analytical site for compiling forecast Forex: this Alpari and Forex4you. The first broker in sufficient detail parses the current market situation, and the second gives the possibility of obtaining 3 forecasts: wave (fractal), technical and fundamental. Using it in your trading, you will significantly increase your chances.



Labels:

Comments

Post a Comment

Popular posts from this blog

Pin Bar Trading Strategy - Price Action Setups

By
Pin Bars - Price Action setups The tops of the bars on each side "nose" are the "eyes". Please note that Open and Close PB, ie nose should be in the redistribution of the left eye. Pin-bar can be traded as a single figure, and in combination with others. These include Fibonacci levels, important pivot levels (reversals), moving averages, peaks and main swing, fusion (the MA or Fib levels), rollbacks of current movements (not less than 23% Fib). For greatest reliability worth trade PB occurring at the maximum or minimum swing, or repelled from the merger. Figure 2 PinBar - a very reliable pattern Price Action. Trading on the pin-bars For beginners we recommend to put a stop order (or limit) directly under the base of the PB, about 10 points lower. Foot and input orders should be placed in 10 locations from the extrema, as the price may be a bit to go beyond the maximum or minimum. Figure 3 If current orders we receive profits, trail the
Post a Comment
Read more

Leverage Forex, what is better to choose?

By
Leverage Forex, what is better to choose? So, what is meant by the definition of “ leverage Forex ”? It is the ratio of the volume with which the trader works to the total amount of funds held in the account. This ratio is designated as 1:100 (pronounced - one in one hundred). That is, having the Deposit, say, $ 100, you can trade in the amount of $ 10,000.  Values leverage Forex can be different. A good Forex broker provides leverage Forex from 1:20 to 1:500. The last option is very risky, although good traders salpingotomy and/or other aggressive trade. Optimal consider the ratio of 1:100, with the option risks:yield as balanced as possible. Special attention to the choice leverage Forex should be given to new traders. Because the maximum degree of risk in each transaction is considered to be 1-3% of the Deposit. The higher this will leverage Forex, the higher the risk of loss of Deposit. Accordingly, reducing the leverage of Forex (and, hence, the volume of trading p
Post a Comment
Read more

Model absorption - price action setups

By
Model absorption - Price Action setups Because of the contrast, MP for the trader relatively high probability of a good, profitable entry into the market. Required components of the bright signal - 2 candles that follow one after the other (or bullish and bearish or vice versa). In this case, the second candle surpasses the first value of his body, as if absorbing it. Fig.1 Bullish and bearish absorption For MP important are the following conditions: 1. Presence of a pronounced upward or downward trends can be short. 2. The body of the second candle should be more (absorb) the body first. Shadows can not be absorbed, then the signal is considered to be weaker. 3. The body of the second candle should be a contrast in color to the body first. Exception: a small body of the first candle ( Dodge or close to it). Figure 1 you can see both versions of the MP. Cover only the size of the body of the second candle, not its shadows. Bear MF often represented by a small candle of any color (
Post a Comment
Read more