Day: October 14, 2017

GBPUSD Trading Idea for the week of 16-October-2017

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GBPUSD Trading Idea for the week of 16-October-2017

The weekly up trend line shown in the chart and the psychological level of 1.30 have proven to be a strong support for GBPUSD pair and hence it bounced off significantly from that zone to the upside. Therefore, any break above the top of the weekly candle is a buying opportunity. This pair could be on its way to test the resistance of 1.3650 once again. That areas can once again offer strong resistance. Therefore bounce back and forth between the up trend line and the resistance of 1.3650 could…

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Gold trading idea for the week of 16 October 2017

Admin
Gold trading idea for the week of 16 October 2017

Technical Analysis We can see that, Gold has rallied significantly after the hammer that was formed the previous week as shown in the chart below. In fact it closed the week above 1300 resistance level. Fundamental Analysis The economic data that is coming out of US are not overly impressive. There are also unsettled geopolitical tensions that could move gold markets higher. Trading preference With the technical showing a good setup for the gold to go higher and with fundamentals also not opposing this setup, our preference is to go…

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How to avoid getting scammed: ‘A fool and his money are soon parted’

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How to avoid getting scammed: ‘A fool and his money are soon parted’

In this article I will be looking at the tactics the scammers use in-order to trick the inexperienced newbies to lure them to send money to them. Take note that forex industry has nothing to do with scammers, and they should not be associated or referred as ‘forex scammers’. These people just claim to be expert traders and account managers to make you believe they are your ticket to becoming rich quickly. Therefore I urge those who are new and interested to start trading to take note of the following…

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