DV_FX

weekly Analysis of AUDNZD. Taking a closer look at each currency index charts, the Kiwi (Australian Dollar) looks bearish while New zealand dollar is likely to gain strength across board. looking at the chart above, there is a cross over of price below the 10 EMA, price is also hovering around daily resistance area around 1.06605. We also see a Bearish Divergence forming.  To go Bearish, we wait for a breakout and retest of the rising trendline for a sell confirmation. Targets can be placed around the subsequent support areas or minor take profits. Final target is around 1.04360. A breakout above the rising channel and creation of a new high will invalidate he setup.   

Continuation of our earlier introductory post about Forex trading , here we will see how and where to trade forex. *What does this mean for you?* Forex is a great path for those with limited time to trade. Other financial markets are extremely time demanding, whereas Forex is tradeable for more hours. You can trade when you get home from work or fit it around a busy schedule. There is also the benefit of leverage, which enables you to earn much more money per trade. However, the flip side is that you can lose a lot more per trade. So it is very important that you are prepared to trade before you trade with real money. There are some tools we can use to help with all this, such as the trading and money management plan. *Why isn’t Forex as popular as the Stock Market?* Forex has existed since ancient times. The Romans used to carry out Forex transactions regularly. So why is Forex trading not as well known as stock trading? Forex has been around for thousands ...

*What is Forex Trading?* *What is Forex?* This is a question I get asked all the time. Usually when I meet new people and I tell them what I do, they, have no idea what Forex trading is. It’s quite surprising considering just how big Forex is. With over $5 trillion traded daily, it overshadows all other financial markets. Simply put, Forex is an abbreviation of “ *foreign exchange”.* When one currency is changed for another, it is a Forex transaction. Those currency exchange booths at the airport. When governments import or export goods. Even when you buy something online from another country. These are all foreign exchange transactions. A huge amount of transactions occur every day, that’s why Forex’s daily turnover is as high as $5 trillion. A large portion of the daily volume traded through Forex is speculative. Speculation is what you are doing by trading on the Forex market. You picked a great market to trade. Forex trading is unlike any other financial market in the world...