Blog

Trading Thoughts & Ideas

Topics are varied and are open to comments and opinion. The objective is to inform and educate traders on a variety of forex related subjects.

FXtrademark: What’s Next for the USD in 2021?

FXtrademark: What’s Next for the USD in 2021?

After a weak 2020, the greenback has showed real signs of strength this year. The eur/usd started the year at $1.2300 and is now trading at $1.1740. The pair fell to current levels, ($1.1700) in the first quarter, only to bounce back to $1.2300 in June. Factors that...

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FXtrademark: Gold, Oil and the Fed going into Summer

FXtrademark: Gold, Oil and the Fed going into Summer

Following Friday’s (August 6th) strong jobs report there’s a lot of data for us to digest going into the traditionally slow summer months. We saw 943K new jobs created and unemployment slide to 5.4%, while crude prices showed a rebound as the world’s largest economy...

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FXtrademark: Nothing Wrong With Risk

FXtrademark: Nothing Wrong With Risk

Starting a new business…it’s risky. Anyone who tells you otherwise is not being honest. Forex trading…it’s risky. Anyone tells you otherwise is either naïve or again, simply not telling you the truth. So make sure you’re going in with your eyes open and realistic...

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FXtrademark: Gold… Where To Now?

FXtrademark: Gold… Where To Now?

The traditional inverse relationship between gold and the USD just hasn’t really materialized. Although we’ve seen USD weakness, political uncertainty, and economic stimulus across the globe, gold has failed to show real signs of strength. Technically we saw the...

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FXtrademark: Dollar Weakness Resumes

FXtrademark: Dollar Weakness Resumes

It’s been a year since the USD collapse started for real. From May 2020 highs of 100.52 down to January 2021 lows of 89.16. And then came the fightback – a new US Government coupled with the rollout of a vaccination program to end COVID 19, a new stimulus package…and...

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FXtrademark: How much $ do I need to start with?

FXtrademark: How much $ do I need to start with?

In all my years of teaching and training, this could be one of the most common questions I get asked by new traders: “How much do I need to open my account with? Or, “What’s the right amount to start trading with?” We’re talking about money and there is nothing more...

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FXtrademark: Crypto Currencies Here to Stay

FXtrademark: Crypto Currencies Here to Stay

As we enter 2021 I think its safe to say that the scepticism is gone. We are all believers, and that’s not an opinion, as a technical trader I’m looking at the facts. A year ago today the price of bitcoin was slightly over $8000. Today we’re looking at over $40000!!...

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FXtrademark: A Day to Remember

FXtrademark: A Day to Remember

Here’s how the week started out. US Elections, Brexit nearing some kind of finality, Bank of England Monetary policy decision, and the 2nd wave of the Pandemic threatens to shut down the world economy...again. Yet as frightening as it seems, the market’s reaction...

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FXtrademark: The Next Wave of Sentiment is Coming

FXtrademark: The Next Wave of Sentiment is Coming

Over the past two months we have seen the results of the lockdown. Business confidence shattered, millions of jobs lost, market confidence in a state of panic. Now we’re hearing about the world re-opening and economic activity becoming clearer…sentiment is turning....

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FXtrademark: Oil. It’s Supply And Demand…That’s All.

FXtrademark: Oil. It’s Supply And Demand…That’s All.

Fundamental traders will analyze OPEC, Russia and Saudi Arabia’s coordinated a supply cut. But the defining catalyst during Coronavirus could well be the plunge in demand as oil prices struggle to recover. Oil is for moving and the world has come to a stand-still....

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FXtrademark: What Can We Learn From The Crisis?

FXtrademark: What Can We Learn From The Crisis?

Our world is in panic mode as coronavirus spreads across the world and is leaving global markets shattered in its wake. This is an extremely trying and testing time for all of us and first and foremost I hope that everyone is compassionate, considerate and does...

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FXtrademark: Gold Glittering Bright

FXtrademark: Gold Glittering Bright

This was a big week for gold as we saw the $1600 level tested and there looks to be real follow through at the time of writing. Its been a real interesting few months for us gold traders. The traditional inverse relationship: strong USD = weak gold and weak USD =...

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FXtrademark: What were traders looking at in 2019?

FXtrademark: What were traders looking at in 2019?

It all started in January. In globally linked actions we saw central banks start moving from a tightening stance to easing. The Trump administration was involved in trade disputes with China, Japan, Mexico, Europe and Canada. Britain and the whole of Europe were...

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FXtrademark: Trade like you own it!

FXtrademark: Trade like you own it!

Yes you’re a retail trader, but that doesn’t mean you have to trade like one. The big players, financial institutions make a living off the retail trader – so change teams and trade like they do. Forget that the dollar amount in your account is no where near the size...

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FXtrademark: Which timeframes I use in my forex trading

FXtrademark: Which timeframes I use in my forex trading

Yes, technology is wonderful and allows us to trade alongside the biggest players with the same live information. However, we must be careful to not fall into the mistake of constantly switching and changing timeframes when we are looking at live charts and using our...

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FXtrademark: What’s the good of a demo account?

FXtrademark: What’s the good of a demo account?

Trading on a demo account will teach you how to use your trading platform and give you the opportunity to familiarize yourself with all your broker’s trading tools. However, I do not believe that one can practice their trading strategies without a real trading account.

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