Trade Ideas for CAD Pairs This Week

Earlier this morning, CAD pairs moved hard on GDP news; CAD/JPY is up over 60 pips already today while USD/CAD tumbled when actual GDP growth/decline beat expectations by 1%. Here are our thoughts on these trending pairs this week: Short Idea Here is CJ on the 1D chart. The pair respected resistance back in earlyContinue reading “Trade Ideas for CAD Pairs This Week”

What the VIX Tells Us and How to Trade It

The CBOE Volatility Index, otherwise known as the VIX, is a volatility indicator that measures the expected volatility in the next 30 days. It’s often called the ‘fear index’ by investors as it shows whether it’s time to buy or sell stocks. Before I get more into it, let me just say that trading anContinue reading “What the VIX Tells Us and How to Trade It”

Bollinger Band Strategy Study (Part 1)

Last week, I proposed an idea to Nick about a strategy that trades the US30, a highly leveraged index that can generate immense gains as well as immense losses. In a time of high volatility, it’s hard to keep your trades in something that moves heavily on an already highly leveraged chart. If you haveContinue reading “Bollinger Band Strategy Study (Part 1)”

HYCM Broker Review

Overall Rating: 4.5/5 Customer Service 4/5 Commissions & Fees 3/5 Platform, Tools, and Education 3/5 Customer Reviews & Regulations 4/5 Offering of Investment 4/5 HYCM, otherwise known as HY Markets has been in business since 1977, and is regarded as one of the most trusted brokers as time has shown. Regulated by several commissions, HYContinue reading “HYCM Broker Review”

What Determines “Risk-On” And “Risk-Off” Sentiment?

Featured Photo: https://media.istockphoto.com/vectors/speedometer-high-risk-to-low-risk-speed-and-risk-control-concept-vector-id1155406328 What Do Risk-On and Risk-Off Sentiment Mean? The aspect of risk changes according to the given market circumstances. Sometimes, a play would be considered more risky at that point in time, and other times, it would seem like a safer bet. Risk-on can occur in times of economic prosperity, as in whenContinue reading “What Determines “Risk-On” And “Risk-Off” Sentiment?”

What the Futures Tell US About Oil

Featured Photo From: https://responsive.fxempire.com/cover/1845×1230/webp-lossy-70.q50/fxempire/2020/05/Crude-Oil-Pump-6.jpg WTI Crude Oil Futures gained 88% last month, as oil reaches a record gain for the month of May. USOil is essentially flat since open, but looks like it recently converted that resistance into support, and perhaps become a long position for traders. Futures gained during the month of May, butContinue reading “What the Futures Tell US About Oil”

The Biggest Forex Secret

The Holy Grail of Trading Before I found any sort of consistency in my trading, I was fixed on finding that magical entry point that would change my life and make me profitable. I was looking for the holy grail. Well after countless failures and disappointing results from all the “magical solutions” I could findContinue reading “The Biggest Forex Secret”

The #1 Trait of a Successful Trader?

What makes a Trader Successful? Is it getting the perfect technical setup? Is it trading the right timeframes? The best currency pair? Everyone seems to have an opinion on the best way to trade, but there’s one thing that I’ve noticed that is present in every successful trader I’ve met. As cliche as it sounds,Continue reading “The #1 Trait of a Successful Trader?”