North Korea's Nuke & Missile Tests Shake up the Yen!
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After testing a nuke and firing off 5 missiles over the past few days, North Korea now says that it has abandoned its truce that ended the Korean War back in 1953.
They basically blamed the decision on South Korea joining the U.S.-led initiative to search ships for nuclear weapons. It... Continue Reading
Submitted ByMichael Michaud
Video 1: My "Flexible Forex" Day Trading DiscoveryThe June Dollar was slightly lower overnight as it consolidates some of Monday's rally but remains above the 20-day moving average crossing at 80.73. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible...
Submitted BySean Hyman
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After testing a nuke and firing off 5 missiles over the past few days, North Korea now says that it has abandoned its truce that ended the Korean War back in 1953.
They basically blamed the decision on South Korea joining the U.S.-led initiative to search ships for nuclear weapons. It...
Submitted ByMichael Michaud
Charts. That's what Elliott wave analysis is all about: Looking at charts, in different time frames, in search of clear Elliott wave patterns. Once you've found one and figured out what part of the pattern your market is in, you can make a reasonable forecast where the market will go next. What...
Submitted BySean Hyman
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Today, as I was scanning through my charts, I noticed that the U.S. Dollar Index traded through its uptrend line and has now closed below it. Take a look at the chart below.
The Dollar broadly breaks its Uptrend!
Why would this be happening now? In the past...
Submitted ByMichael Michaud
In 2004, former Federal Reserve Chairman Alan Greenspan made the following statement about currency trading in a speech before the Economic Club of New York: “My experience is that exchange markets have become so efficient that virtually all relevant information is embedded almost instantaneously...
Submitted ByContrarianProfits
In the world of Forex trading, volatility equals big profits. Forex, (which is shorthand for Foreign Exchange) is the largest market in the world. With 3 Trillion dollars in money exchanging hands every day, a trader only has to catch a tiny percentage of that to parlay a small nest egg into...
Submitted BySean Hyman
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When I see North Korea’s Kim Jong Il, I see a “mad man” much like the Joker off of the latest Batman movie. He’s truly a power crazed psycho and making any deal with him might as well have been made with the devil himself. Both could be...
Submitted ByGary Tanashian
You know my thoughts here. Just as you have probably gotten a bitter taste from this blog every time the global 'inflation trade' casino was mentioned over the last couple years, you might have also had a thought like 'what the hell does he have against FOREX?'... Throw in the supposed financial...
Submitted ByCorey Rosenbloom
Have you ever wanted a quick, 20-minute introduction to the basic information on getting started in the FOREX Market? Bill Poulos and the staff at Profits Run released a sharp 20-minute introductory video that I was asked to share with you for those readers who might be interested in a quick...
Submitted BySean Hyman
Have you ever seen someone make a mistake and not only do they suffer for it but someone else does as a result also? Well, this is exactly what’s happening to Canada right now.
You see, most of last year, you could say that the Canadian dollar was falling because of falling commodity prices...