Category: Forex Trading

Trade Balance The Trade Balance figure is a measure of net exports minus net imports. This has tended to be negative in the US in recent years as the US has primarily been a “consuming” nation. A...

Every trader knows (or should know) the impact of economic numbers on the market. Economists gather and announce their estimates on what the numbers should be to the press. If the estimates are in-line with the actual...

Support and Resistance is the most important thing Technical Analysis. Let’s start out our discussion by looking at a chart.

The placement of stops and limits is a critical component to successful trading. Stops are put on a trade to take a trader out of a trade at a predetermined point at a worse price than the...

After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.

Many times in trading we hear the terms overbought and oversold. We hear an analyst state that the AUD/USD is overbought and due for a correction or that the USD/CAD is oversold and due for a bounce....

One of the best technical tools we can use in our analysis is the strength or weakness of other currency pairs.

When working with new traders in the DailyFX Trading Course, we try to impress upon them the importance of using a protective stop in every trade.

As new traders come into our DailyFX Trading Course, one of the big questions we are asked is what to do first when looking for a trade.

When we start one of our DailyFX Trading Courses, we ask new students to introduce themselves and let us know a little bit about their trading interests.