Goldman Sachs Group Inc. third-quarter profit nearly doubled, the latest confirmation that, even in a pandemic and a recession, Wall Street can still make money. Goldman reported a quarterly profit of $3.62 billion, or $9.68 a share, on revenue of $10.78 billion….
Here is what you need to know on Monday, October 12: The market sentiment remains buoyed by China’s fresh policy measures, deployed over the weekend, to curb the yuan appreciation while the country’s central bank set financial institutions free from the need…
CME Group’s preliminary readings for crude oil futures markets noted open interest shrunk for the fourth consecutive session on Friday, this time by more than 9K contracts. Volume reversed four straight builds and diminished by around 362.8K contracts. WTI meets…
There are many different ways to approach the market. One method that may surprise some is to trade a breakout in a strong directional markets. Below we can find a great example using the EURUSD daily chart. It has been trending lower…
Most traders are familiar with technical and fundamental analysis. There are several ways to use these two methods to analyse the forex market, but, in general, fundamental analysis examines the reasons that the market moves and technical analysis tries to…
This strategy is a basic scalping strategy that aims to make quick gains off of the day’s high or low. The rules for entry are very basic and easy to follow. Exit, on the other hand, requires you to make a judgement…
The art of placing your stop-loss levels and take profit levels is a fairly broad subject. This article doesn’t cover everything detail, but it will give you a good overview of the most important things you need to know. Where…
One of the most important aspects of forex trading that many traders don’t seem to know is that they should never expect a specific trade to be either profitable or unprofitable. This may seem weird, but this is important. Even…
The Falsey candlestick structure Fakey is a potentially reliable short term (and sometimes long-term) indicator of the market’s direction. A falsey is the false break of an inner candlestick. The falsey indicates that institutional traders (banks and hedge funds) have…
The inside candlestick An inside candlestick is a good indicator that a bullish or a bearish price trend will keep on going in the same direction. An inside candlestick has a lower high than the previous candlestick and a higher low…