Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]
One of my greatest trades came out of trading a news event. I sold USD/JPY several years ago when it traded at 118.75. I knew there was an important G7 meeting over the weekend, so I placed an anticipatory sell stop expecting a volatile weekend session. Over the next several weeks, the yen gained on […]
When trading in FX, trying to find the perfect currency pair can be time-consuming. Of course, you’re looking for the pair on the verge of producing the next lucrative trade. Many times it’s hard to decide which pair is the one with the most momentum. And even if you do invest all your time homing […]
Candlestick charts can provide an abundance of information to the trader. However, an oftentimes overlooked aspect of these charts is the trading information provided by longer wicked candles – especially when it comes to stop placement. This is an opportunity particularly overlooked by newer traders who tend to decide where to place their stop based […]
The paranoia of retail forex traders is legendary and justifiably so. To trade in such a volatile market loaded with “get rich quick” schemes would be naive. In fact, some of the more popular sites like forexpeacearmy.com focus heavily on the idea of a scam or someone trying to rip you off, and this idea […]
One of the top questions scalpers have is whether their broker allows scalping. There is constant anxiety among scalpers that if their profits swell to significant amounts, they will get blacklisted. But the real question is can you scalp trade without your broker noticing? Theoretically, yes, but it’s not quite that simple in practice. Lets […]
Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]
The forex carry trade is a strategy in which traders sell the currencies of countries with relatively low-interest rates and use the proceeds to buy currencies of countries that yield higher interest rates. Forex carry trading leverages the differences in interest rates between countries. For example, one country’s central bank may lower interest rates in […]
If you’re not a new trader, you’ve probably had the urge to deploy several trading strategies simultaneously. That way, you can make money most of the time. Well, that’s the theory. The fact is that combining two different strategies often can do more harm than good. As a rule, I advise inexperienced traders to avoid […]
Below are the performance statistics of our “Trade of the Day” website posts. The posts can be found at this location: https://trader.autochartist.com/category/market-analysis/ Accuracy – the quantity of posts that reached their forecast price. Total Forecast Pips – the cumulative number of pips reached by correct forecasts Total Drawdown Pips – the cumulative maximum drawdown shown before […]
