The European Central Bank (ECB) is the central bank of the Eurozone, a collective of European countries that use the euro as their sole official currency. The ECB is responsible for administering monetary policy and safeguarding the value of the …
Gross Domestic Product (GDP) is one of the most important and most talked-about data points in the trading month. Assessing the value of finished goods and services produced by a country over a fixed period of time gives great insight …
Any thriving marketplace has two types of traders: market makers and market takers. Market makers generally try to buy at the current best bid or sell at the current best offer, i.e., they are making a market that is reflected …
Be Prepared Before you open your first trade, there’s potential to make a couple of common mistakes. And as these are easily controllable, there’s no reason to be caught out. It’s essential to be well prepared. You can find a …
No matter what technical trading inputs you use, all patterns and methodologies fall into one of two categories—trend or anti-trend. Trend and anti-trend pattern trading and recognition is all about price momentum. In physics, we know that a body in …
There is no underestimating the importance of oil prices on the underlying health of the economy. As oil prices move up or down, inflation follows in the same direction. Energy from oil is used for everything from heat to manufacturing …
Support and Resistance are common terms that traders use to describe levels where price is more likely to stop moving in one direction or change direction. Support refers to levels where price might reverse and move higher or a level …
In contrast to a fundamental trader who looks to news and myriad supply/demand data as trading inputs, a technical trader gets information directly from the market itself by looking at one picture—a price chart. And, technicians operate on the assumption …
“Water shapes its course according to the nature of the ground over which it flows; the soldier works out his victory in relation to the foe whom he is facing.” Everyone is different, but certain qualities are common among …
The Federal Reserve, also referred to as the Fed, is the central banking system of the United States and is responsible for guiding U.S. monetary policy. Economic policy announcements and public statements by the Federal Reserve are among the most …