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Technical analysis refers to the examining of historical market behavior with the intention of forecasting the potential movements of currency prices. Technical analysts usually focus on what took place in the forex market in the past and use the information to identify new trading opportunities.
Happy Friday everyone! Words cannot begin to express my joy. An announcement like this is such a rare and wonderful thing. Smaller countries may come and go, but larger nations don’t get founded very often. We are all privileged to bear witness to such a historic event. Just to make this even better, there’s a hugely generous gift from the new nation to the people of the world.
Yesterday, the US Treasury and Federal Reserve announced some new regulations to fix all of America’s financial problems. Buried deep inside was a small reference to activating an obscure “Metals Act” regulation from January 1945.
Gold? Silver? Which is better for trading? That’s the question most traders ask before investing in either of these two precious metals. Traditionally, more traders prefer investing in gold than in silver. However, this can be a mistake because we’ve seen times when the price of silver moves faster than that of gold.
I’ve been a member of the FPA for a long time. I’ve seen some strange reasons used by forex brokers to delay paying money owed to traders, but this one is new. FPA member Ahmet Faruk Arapogla deposited US$4300 into his trading account with AlmaForex. His trading went well and he made a profit of over $6000. Everything was fine, until he tried to withdraw $8000 in April of 2009.
An FPA reviewer known as Sydneysider left a link to the article in The Australian in a review for CMC Markets. One of the review moderators passed it to the AsstModerator, and he asked me to write about it. I’d like to thank all three of them for giving me the opportunity to write this.
Market participants often wonder – what is the best time to trade Forex to get the best results? And what are the best hours to maximize your returns and concentrate on trading? In this article, we’ll try to give answers to these questions and figure out the best trading hours.