30 Saturday August 2008
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30 Saturday August 2008
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Forex Trading Tips - Learn how to trade EUR/USD, USD/CAD or any other major currency pair.
Forex Trading Tips - Learn how to trade EUR/USD, USD/CAD or any other major currency pair.
Web Site Description : Where will the EUR/USD be in the next ten months? I couldn't care less. Neither should you... From Trading Desk - Quantum Globe Inc Dear Forex Trader, You are probably asking yourself how could a forex trader such as myself be so indifferent as to where would EUR/USD or any other currency pair be ten months from now... EUR/USD may be 1.65 or it may be 1.25... USD/CAD can go as low as 0.85 or it can go as high as 1.40... The reason as to why am I so indifferent is that I will make money either way. Let's have a look at the figure below. The figure above is a daily candlestick chart for EUR/USD covering a six month period. As we can observe from the chart at the beginning of April 2007, EUR/USD was trading at approximately 1.34 and by mid September 2007, it was trading at approximately 1.40. It is close to a six percentage point change in as many months. It doesn't look too impressive, does it? We will now pay attention to T1..T5 arrows that are displayed on the chart. They represent fiv... Read more Related e-Books or Software : Relevant Categories : |