Category: Forex Trading

By Camasu That’s a lot of intermarket correlations to remember so let’s do a quick recap. The price action of currencies is often driven by their relationship with commodities, bonds, and stock indices. Here’s a neat one-page cheat sheet for you to bookmark and make it easy for you! IF THEN WHY Gold USD During times of economic unrest, investors...

by Camasu Take CAD USD as example “Actual > Forecast = Good for currency;” Next, we look to the “Currency” column heading and we see “CAD”. So we are thinking if the actual economic numbers are greater than what was forecast, it would be “Good” for CAD, meaning we expect CAD to get stronger against it’s counter-currency. Example continued: OK,...

By Camasu Forex Market Sessions Summer Time Zone EDT GMT GMT+8(Malaysia) Malaysia Local city MT4 time Sydney Open 6:00 PM 10:00 PM 6:00 AM 6.00 8.00 AM Sydney 00.00AM Sydney Close 3:00 AM 7:00 AM 3:00 PM 15.00 5.00 PM Sydney 9.00 Tokyo Open 7:00 PM 11:00 PM 7:00 AM 7.00 8.00 AM Tokyo 1.00 Tokyo Close 4:00 AM 8:00 AM 4:00 PM 16.00 5.00 PM Tokyo 10.00 London Open 3:00 AM 7:00 AM 3:00 PM 15.00 8.00 AM  London 9.00 London Close 12:00 PM 4:00 PM 12:00 AM 24.00 5.00 PM  London 18.00 New York Open 8:00 AM 12:00 PM 8:00 PM 20.00 8.00 AM  New York 14.00 New York Close...

By camasu This all are base on Malaysia time   8.00 am                                         Tokyo Open (Tokyo Money Flow ) 2.30 pm to 3.15 pm                           Pre London Time (London open 3...

depends on how you trade scalpers = 1- 50 pips swingers = 100-500 long term trader = 1000-anything dont count pips. dont count money. just leave when you “feel scared” for your profits. but have a minimum take profit of 1:1 after that you can choose when to close but never close before. that could be a tactic for you....

Forex PAIR SPREADS .   GBP/USD 1.7 .   AUD/USD 1.8 .   USD/CHF 1.8 .   NZD/USD 2 .   USD/CAD 2 AUD/JPY 2.1 CAD/JPY 2.3 EUR/GBP 2.3 NZD/JPY 2.3 EUR/CHF 2.4 AUD/CAD 2.5 AUD/CHF 2.5 CAD/CHF 2.5 CHF/JPY 2.7 GBP/JPY 2.7 NZD/CAD 2.7 NZD/CHF 2.7 AUD/NZD 3 EUR/AUD 3 GBP/CHF 3.1 EUR/CAD 3.2 TRY/JPY 3.3 GBP/NZD 6.7 USD/CNH 7.6 These are the daily...