Want to start forex ... dari TramPham

25 Nov 2019, 20:40 · Views 975

Want to start forex trading? Looking for a solid forex trading book to kickstart your education? So I introduce you this book Currency Trading for Dummies, by Brian Dolan Currency Trading for Dummies is one of the best of the lot for beginners. It presents clear, easy-to-read instructions on currency trading and descriptions of the forex market. In fact, it's not a bad read for more seasoned hands who need a quick refresher on the basics. It's regularly used as a resource by the financial media.

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TramPham

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The US dollar has rallied initially during the trading session on Tuesday, but then broke back down below the 50 day EMA. By doing this, the market looks as if it is eventually going to go looking towards the ¥107 level, something that makes quite a bit of sense considering that the level has been such a magnet for price.

TramPham

Gold markets have gone back and forth during the trading session on Wednesday, as we continue to hang around the $1750 level, an area that has caused a lot of issues in the past. Ultimately, this is a market that I think will continue to see a lot of noise due to the fact that gold is considered to be a safety currency

TramPham

Gold rose on Thursday after hitting a two-week low in the previous session as the rift between Washington and Beijing over Hong Kong escalated, with prices also supported by central bank and government largesse to cushion the blow from the pandemic.

TramPham

Gold markets look as if they are topping out again near the $1750 level, an area that I think continues to offer a significant amount of resistance. This is based not only upon the fact that we have seen a lot of selling in this area, but the downtrend line that is now forming as the top of a symmetrical triangle.

TramPham

The Euro rallied a bit during the trading session on Tuesday, reaching as high as 1.0975 before pulling back a bit, but as you can see we are likely to remain within the range that we have been in for some time. That means the 1.10 level should hold as resistance, just as the 1.0750 level underneath should hold as support.

TramPham