Forex Trading Mind

While looking at the charts this weekend, I am getting very excited when I zoom out to the monthly S&P 500 Index chart.

The major index used as a standard measurement of the health and value of the U.S. stock market is the S&P 500 Index, consisting of the 500 largest publicly quoted company by market capitalization.

It’s Wednesday, but we just had two whole weekdays with no major economic data releases of any real importance.

Last Sunday I wrote about how the Turkish Lira, represented by the TRY/USD currency pair, had made a new long-term high on strong volume, suggesting that traders looking to be long of this pair

The U.S. Federal Reserve weakened the greenback yesterday as they reduced their projected interest rate increases to zero over 2019 and only a single hike in 2020.

A couple of years ago, I compared a couple of back tests: both were of trend trading strategies, but one waited for the price to make a 1-day low against the trend, while the other applied positive momentum in the direction of the trend with the entry being triggered only upon a minimum 8-hour high price.

When I first tried trading Forex several years ago, using a demo account, I thought it wouldn’t be very difficult.

The British Pound remains the big story in the market today, with the British Parliament voting for a second time to reject the European Union’s proffered divorce deal on Tuesday only 15 days ahead of its scheduled departure.