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

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

Forex Strategy - Vegas - Wave (gain 352 points)

By
Forex Strategy - Vegas-Wave (gain 352 points) Work as usual with a reliable dealing center . A bit of theory. For the EMA (144) with a well-defined trend characterized by the fact that it appears the level of support for the price. When the price crosses the EMA (144) is formed signal, whereby the trend is likely to change its direction. Signal for opening positions according to the strategy Forex on the moving average method "Vegas-Wave" acts penetration channel EMA. The resulting fractal will act as an additional filter - at his trial, and exhibited a pending order. To fix the profits can be used Elliott Wave Theory + levels and Fibonacci extension , which are measured from the first wave of Elliott the current trend. Algorithm trade strategy based on moving averages "Vegas-Wave" When the price above the price channel - a "buy zone" below - "area sales." When penetration top price channel formed EMA (144) and (169), after whic...
Post a Comment
Read more

Price action - trade without indicators

By
Price Action - trade without indicators Take a look at the picture. Regular schedule, is not it? As we know, the price moves in waves (zigzags). And if the start price movement, the trend in this direction is maintained. If a trader enters during a small correction (rollback prices against the main trend) - a cost-effective entry point. Connect the top and bottom. Now you will notice the trend movement, first down, then up. In the first half of the graph, you can search for points of entry for sale at rollback prices up, the second - to buy when the price moves down. 2. Price Action - look at the shadows of candles What is the shadow of a candle? This is the price levels of the Open and / or Close. If the shadows are long, it is possible to understand that the price met resistance, then turned around and headed in the opposite direction (in the direction of the candle body). This suggests the market moves too fast and strong players who have managed to deploy it. If we want to make m...
Post a Comment
Read more