Tag Archives for " Forex Trading "
The Truth About the Brexit: It’s All in the Charts
Want to know the truth about the Brexit? Look at the charts. We didn’t hear much about the GBPUSD since the Brexit decision… and then there was the pound’s flash crash. Now that the GBPUSD is really moving, we’re seeing countless headlines about economic uncertainty and political instability and central banks gone wild. But does all this explaining — after the fact — help us make money? Nope… The right question to ask is how could we have seen the pound’s collapse coming? And how could we capitalize on it? If we are always waiting for news and the next story to drop, by definition, we will always get left behind… similar to a reporter that’s last to the scene. In most cases, the answer is right in front of you. Just look at the charts. People lie. But charts tell the truth. With the charts, you will see the story before it hits the front page. The GBPUSD is a great example of this truth. Post-Brexit, the GBPUSD was in a sideways range for several months. Most people wrote it off, looking for other opportunities. But the pound remained in a downtrend throughout the entire sideways move. This told us to be bearish overall. To see that, look no further than the weekly chart below. If any traders were fortunate enough to see the action prior to the breakdown, they probably would not have pulled the trigger. Why? Because every other time it tested the lows, it rallied. So why should this time be any different? This is where your ability to ‘listen’ to what the chart is saying becomes so crucial. Look at this daily chart. I have highlighted the three main pivot lows. What happened prior to the breakdown was the key. The first two pivots pushed up relatively easily. When GBPUSD came down for the third time, it struggled multiple times to move up. In other words, supply was increasing and demand was decreasing. And for the first time, price was staying below the moving averages. This told us GBPUSD was getting close to making a move. And once it broke down, that was the time to act. This was the story: fear overcoming greed. Not a slowdown in the UK or negotiations with the EU. Humans love stories. We always want to know why. But does why matter as much as when… and how much? I think not. I’d love to hear your thoughts on this. Email me at kurt@t3live.com.
Continue Reading -->What’s Moving in the Forex Market
Kurt Capra, of T3 Live, talks about the USDJPY and where he sees it going over the next couple of weeks and even into the end of the year. In this episode, Kurt talks about why he believes the USDJPY is going to collapse.
Continue Reading -->5 Reasons the $5 Trillion Forex Market Might Be Right for You
For some strange reason, many people think trading forex isn’t for them. But forex is way simpler than you think, and it offers 5 huge advantages over stock, options, commodities, and futures trading: 1) It’s Practically a 24/7 Market Forex is a global market and is open 24 hours a day from 5:00 p.m. ET Sunday through 5:00 p.m. ET on Friday. This is perfect for traders with flexible schedules, or for those making more money outside standard standard exchange hours. 2) Unmatched Liquidity Since forex is a $5 trillion dollar per day market with expanded hours, there are also virtually no gaps, effectively bridging the gap (no pun intended) between day and swing trading. It is very easy to get in and out, at will, no matter the time, day or night. 3) You Can Short At Will Nowadays, there are many restrictions put on stock trading, the uptick rule for one. With forex, there are no limitations on the currencies you trade. You can short at will. 4) Trading Costs Are Incredibly Low Most forex accounts are commission free. PLUS, there are no exchange, data, or platform fees. The only cost you have as a forex trader is the spread, or difference between the bid and ask, which is always visible for you to see. That makes forex trading much, much cheaper than stocks, options, and futures. 5) Incredible Leverage Because the forex market is so liquid, brokers will extend you significant leverage — up to 50:1, and even higher outside the US). Leverage goes both ways though. Just as easily as you can accelerate profits, you can also suffer accelerated losses. That is why you MUST have a method and plan! P.S. below is a recent FREE webinar I did…check it out!!
Continue Reading -->Trade of the Week: USDJPY Short
T3 Live’s Kurt Capra is stepping in to provide the latest trade idea of the week. Don’t Fear Forex… Attend my free webinar tomorrow and learn why so many stock and options traders are embracing the lucrative world of forex. The Trade Idea: USDJPY Short Entry Area: 101.80 Stop Price: 104.00 Target Area: 97.00-98.00 Why I Like USDJPY Short USDJPY has been in a downtrend on the daily chart for quite some time. Last month, it rallied and subsequently fell back to the prior low. Recently, it has been consolidating within a range. It is now at the top of the range where we’ll look for sellers to reemerge. P.S. Don’t forget to sign up for my FREE forex training session!
Continue Reading -->Webinar Replay: What You Need to Know About Forex
In this special webinar, T3 Live Forex Strategist Kurt Capra breaks down: How to get started in forex trading Why stock and options traders should consider forex The 5 major lies that stop traders like you from making money in forex Interested in joining our next Forex Profit Accelerator Trading Lab at a special discounted rate? Call our team at 1-888-998-3548 or email info@t3live.com.
Continue Reading -->What’s Moving in the Forex Markets
In this week’s What’s Moving in the Forex Markets video, T3’s Kurt Capra delivers an in-depth analysis of the action in USDCAD.
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