Free Forex Live Economic Calendar to Forex Trading Platform

Dukascopy forex broker has launched Live Economic Calendar. This is a new service which instantly delivers data on influential reports and announcements to the trading platform allowing news-traders to benefit from real-time access to essential information. The calendar event data is also available via J Forex API interface, which enables pre-programmed trading on news releases.

Click here to visit Dukascopy broker for more information

Technical vs Fundamental Analysis in Forex Trading

As a beginner in forex trading you might wonder which analysis suits you best – technical or fundamental. Is it better to concentrate on one of them, or rather combine the two for better understanding? What do other traders use to analyze price movements?

Read full article about technical and fundamental analysis here

Forex Trading – Common Entry Mistakes

Forex trading requires a lot of discipline and cautiousness, especially when it comes to making entries. The lurking mistakes of entry points can turn potential profits into high-risk losses. Among the right strategies of entering a trade, what are the common entry mistakes that can turn your forex trading experience into nightmare?

 

Read full article about Forex Entry Mistakes here

15 Most Common Forex Trading Mistakes

 

Starting forex trading career is an exciting journey. The mind-blowing financial challenges, economic riddles, potential sky rocking profits and psychological effects – all assembled together in one profession. As a new forex trader you need to recognize the universal mistakes which can easily turn your forex trading adventure into unnecessary, costly ride. What are the common mistakes traders make and how can you avoid making them?

 

Find out what are common forex trading mistakes here

Forex Trading the News – A “No-Go” Zone?

Trading forex can be based on technical indicators from the charts or on pure forex news releases. Major news affairs and economic data make huge impact on currency movements and ignoring new releases sounds like a big mistake. However, a lot of traders choose not to include forex news in their analysis. Why is trading news more difficult then it sounds? What are the reasons for traders to stay away from news trading?

 

Read full article about forex trading news here

 

Dollar Acts Bearish on Banking Crisis

The Dollar is set to be the dominant currency in the forex market this week, as the banking crisis returns to the forefront. The banking share slump and the bullish Oil prices may hurt the Dollar this week, as traders bet against the greenback.

 

Read full forex analysis here

Stocks Plunge Down While US Dollar Rises

With stocks dropping to record lows, currencies fluctuating in irregular patterns, and the price of Crude Oil continuing its free fall, it seems unlikely that consumer confidence will begin to rise in the near future. With the CB Consumer Confidence Report expected later today, traders should anticipate a negative release and price this in to the value of the USD.

 

Read full forex analysis here

Obama Begins Work; Britain Considers Nationalization

Yesterday marked the first day of work for U.S. President Barack Obama, who wasted no time in presenting his $825 billion economic stimulus package, or in meeting with officials about reversing some of the policies held by George W. Bush. While Americans get comfortable with the idea of a new president, Britons may be forced to familiarize themselves with something new as well: bank nationalization. U.K. banks have been failing sporadically and it has become a real possibility that Britain will nationalize some of the larger ones in the near future.

 

Read full analysis here

Two Types of Forex Indicators – Leading and Lagging

Forex trader needs indicators to determine important entry and exit points. Forex Indicators predict financial and economic trends. Forex indicators can be categoried into two types, each of which makes a different prediction.

read more about the difference between leading and lagging indicators here: http://www.forexexplore.com/sections/55-forex-articles/372-two-types-of-forex-indicators-leading-and-lagging.html

Relative Strength Index – Technical Indicator in Forex Trading

RSI stands for Relative Strength Index and this particular forex trading indicator was “born” in 1978. Welles Wilder introduced RSI to the trading world via his article. RSI is very similar to stochastics indicator and it shows overbought and oversold conditions in forex market.

 

The range in RSI is also similar to stochastics – from zero to hundred. And here is the formula for the curious forex traders (meaning that you don’t have to memorize it!):

 

RSI = 100 / (1 + DP/ UP)

 

where

 

UP is a moving average of increasing price within selected period of time

and

DP is a moving average of decreasing price within selected period of time  

 

Would you like to know how to use RSI? Follow this link to read more: http://www.forexexplore.com/sections/55-forex-articles/346-relative-strength-index-forex-technical-indicator.html

 

(Source: Forex Guide and Forex Brokers Reviews – http://www.forexexplore.com)