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Showing posts from 2017

Discussing Trading Plan at CASS Business School in London

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Discussing the importance of a Trading Plan at the CASS Business School in London.


Video on The Basics of Forex Trading

Video recording of a webinar session on Basics of Forex Trading and Trading the Financial Markets.

About dkbMARKETS, Forex Trading Competition with Cash Prizes and Other Bonuses

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Market Assessment - Forex Trading - EURUSD

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We have another HUGE report due out today at 13:30 GMT+1, the USD Consumer Price Index (YoY) (APR). This report is of mega importance and will affect ALL Markets. There is a high probability of ALL Markets trending sideways prior to the report at 13:30 GMT+1. The USD Advance Retail Sales (APR) will also be announced at the same time.

Look at the EURUSD 5min Chart, the Market is currently trending sideways. I have not placed any pending orders. Will reassess just before the reports at 13:30.


Market Assessment - Forex Trading - EURUSD

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Today is a big day in the Markets with the GBP Bank of England Rate Decision & GBP Bank of England Inflation Report both due out at 12noon GMT+1.
UK being the Financial capital of the world, these reports will have an impact on all markets. There is a HIGH probability of the Markets trending sideways prior to these reports. I will avoid trading prior to these reports.

On assessing the EURUSD 5min Chart, the Market is currently trending sideways between the drawn White Lines. In view of the reports due out at 12noon, I have not placed any orders. I will reassess the Market again just before the report and decide what to do then.






Looking at the GBPUSD, the Market is also trending sideways which is not surprising.


Market Assessment - Live Forex Trading EURUSD

EURUSD Market Assessment prior to trading.

Market Assessment - EURUSD - Live Trading Session

Video on Basics of Trading The Financial Markets

This video discusses and gives an insight on how to be a successful Trader in the Financial Markets.



Market Assessment - GBPUSD

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Theresa May (UK Prime Minister) called for a snap general election yesterday on the 8th of June which caused chaos in the financial markets, especially the GBPUSD which went up 300pips yesterday!! See chart.
The snap election is set to be authorized by MPs later, see http://www.bbc.com/news/uk-politics-39636466.
Along with the situation in Syria and North Korea, we now have to contend with the uncertainty of upcoming elections in UK.


Financial Markets Assessment For Week Ahead

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For this trading week, we continue to monitor the situation in Syria and North Korea. These Geo-political issues could have a major impact on the Financial Markets.

Looking at the economic calendar for the week, there are no MAJOR reports due out this week.

Today is Easter Monday and it is a public holiday. This will probably cause ALL markets to trend sideways today. I will avoid trading today.

Looking at the EUR/USD, the market is currently trending sideways, see chart. No pending orders placed today due to the public holiday.

Happy trading and remember to always apply good Money Management.


Market Assessment - EURUSD

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Looking at the Economic Calendar today, the only report of HIGH importance due out today is the CAD Bank of Canada Rate Decision & CAD Bank of Canada Releases April Monetary Policy Report at 3pm GMT+1. These reports will have a major impact directly on CAD currency pairs. The reports could also have an indirect impact on other currency pairs.

Assessing the EURUSD 5min chart, the Market is currently trending sideways between R1 and S1. I have placed a pending BUY order just above R1 and a pending SELL order just below S1, see chart.
I will only have ONE Live attempt at the Market prior to the Canadian report at 3pm GMT+1.

We continue to monitor the situation in Syria and North Korea.


Market Assessment - EURUSD

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On reviewing the economic calendar today, there are NO reports of HIGH importance due out today. In terms of global news, we have to watch the situation in Syria and North Korea closely. The actions of USA, Russia, China & Iran in these countries could have an impact on global markets.

Looking at the EURUSD 5min chart, the Market is currently trending sideways between the Pivot Point and S1. I have placed a pending BUY order just above the Pivot Point and a pending SELL order just below S1, see chart.


UK ISA - Individual Savings Allowance

6th of April represents the dawn of the 2017-18 financial year for the UK Government. This brings about changes in the tax rules and other changes that impact individuals. We will be looking particularly at the changes in the ISA (Individual Savings Allowance) rules.

The limit on the amount you can now save into a tax-friendly ISA (the ISA allowance) has risen from £15,240 in 2016-17 to £20,000 in 2017-18. ISAs allow investors to put their money into a range of savings or investment vehicles without paying tax on the interest, dividends or capital gains. An allowance can be used in one kind of Isa alone or split between different types, such as a cash, stocks and shares or Lifetime ISA.

Lifetime ISA launched
The new Lifetime ISA (individual savings account) is designed to help people to save for a house or for retirement, with the attraction of a 25 per cent top-up from the government on savings. Anyone aged between 18 and 39 can save up to £4,000 a year to gain a bonus of up to £1,000 …

Market Assessment - EURUSD

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Big day in the Markets today. The CAD Unemployment Rate, USD Unemployment Rate & USD Change in Non-farm Payrolls are all due out today at 1:30pm GMT+1. There is a very HIGH probability of ALL the Markets trending sideways prior to the reports. I will avoid trading till 1:30pm.

Looking at the EURUSD 5min chart, the Market has been trending sideways since yesterday, see chart. I will reassess again just before the reports at 1:30pm for trading opportunities.

Basics of Trading the Financial Markets

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You can learn the basics of Trading the Financial Markets successfully by watching this video.


Market Assessment - EURUSD

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There are no reports of HIGH importance due out today and no public holidays in UK or USA. The USD Unemployment Rate & USD Change in Non-farm Payrolls are due out tomorrow, Friday, at 1:30pm GMT+1. These reports are of MEGA Importance hence, there is a HIGH probability of ALL Markets trending sideways today leading up to the report tomorrow. For this reason, I will only have 1 (one) Live attempt at the Markets today.
Look at the EURUSD 5min Chart, the Market is currently trending sideways between R1 and S1. I have placed a pending BUY order just above R1, see chart.


Market Assessment - EURUSD

Today's Market Assessment. Looking at the economic calendar, the USD FOMC Meeting Minutes (MAR 15) is due out today at 7pm GMT+1. This is a report of extreme HIGH importance hence, there is a very HIGH probability of ALL Markets trending sideways prior to the report at 7pm GMT+1.
I will leave the Markets alone and reassess just before 7pm GMT+1 to look for trading opportunities.

Market Assessment - EURUSD

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Assessing the EURUSD, there are no reports of HIGH importance today and no public holidays in USA and UK. Looking at the EURUSD 5min time frame chart, the Market is currently trending sideways (between the White lines). Using the Pivot Point Strategy, the Pivot Point (Yellow line) and S1 (Green line) are both within the sideways trend and cannot be used as points of Entry into the Market. R1 (Red line) is outside the sideways trend and I have placed a pending BUY order just above R1, see chart above.