Fibonacci Indicator? Is it a big Joke?
Admin note: Thanks again to Tony for this piece- interesting reading
Attention ::: "It's my personal opinion about this indicators as a Forex trader"
Lot of traders "friends" always asking me why I don’t use Fibo indicator … the answer is simple … why to follow…
Watch out today for Bernanke’s speech at 3. 15 GMT, about half an hour. It seems as though he will have very little good to talk about. The markets today don’t expect much. Many commentators are talking 1. 35 on the EUR/USD this week.
News Trading Fridays
Today is one of those news trading Fridays. The EUR and USD announcements especially will result in some volatility. Times are GMT +2:
CPI Flash Estimate y/y
Why 95% of traders loose?
Compliments from Tony El Fata, one of our favourite Forex commentators and writers.
Admin note: Thanks for the excellent article, hope this will shed some light to our readers on forex pitfalls and understanding one's inner trader.
What is forex?
The Forex, Foreign exchange, FX, are all abbreviations for the same thing, the Forex, FX Market.