Monday, December 22, 2014

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Why Support and Resistance are Really Zones

Why Support and Resistance are Really Zones

In this short tutorial video you will see why Support and Resistance lines are actually zones, and should never be viewed as an unbreakable line. In this chart you can see the British Pound/US Dollar pair displayed on a 4 hour chart during October of 2007. As you can see the pair has formed a strong support level around the 2.0275 price. This level can be confirmed as a valid level of support by the multiple examples of the price ... Read More »

4 Basic Forex Trading Strategies

4 Basic Forex trading Strategies

There are a number of different trading strategies you can follow when trading Forex. We are going to look at 4 basic forex trading strategies. Firstly, Day Trading. Day Trading does pretty much what it says it is. It’s the ability to place your trades through-out the day, in and out of the market, whether long or short, but not rolling anything over night or rolling anything into a period where you can’t be at your trading screen. One of ... Read More »

The Basics of Foreign Exchange

The Basics of Foreign Exchange

Hello, I am Neil Jenkin, and this is the basics of foreign exchange. In this video I’ll provide a brief introduction to foreign exchange covering; What is foreign exchange? How foreign exchange works? The facts that can affect foreign exchange rates, and how to make foreign exchange transactions. So firstly, what is foreign exchange? Well at the most basic level foreign exchange, or FX for short, is changing one currency into another currency. For example, you hold U.S. dollars but ... Read More »

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