Intermediate

Dr. Copper: A Barometer for Forex Market Sentiment

“Dr. Copper” is a term for copper, known as an economic health indicator due to its extensive industrial use. Rising copper prices signal economic growth, while declines suggest slowdowns. Copper prices also correlate with inflation and industrial activity, offering early market signals. Forex traders use copper trends to gauge market sentiment, predicting risk-taking or risk-averse behaviors. By monitoring copper’s price movements and overbought/oversold levels, traders can make more informed decisions, enhancing their trading strategies and performance.

Read More

June 2, 2024 No Comments

Dollar Smile Theory

Have you ever wondered why the value of the US dollar seems to fluctuate in unique patterns, sometimes smiling brightly, and at other times displaying a more somber expression?

Read More

July 27, 2023 No Comments

Triangle of fundamental, sentiment, and technical

Trading in the forex market can be a daunting task, with its fast-paced environment, constant fluctuations, and numerous factors that can affect currency values.

To be a successful trader, it is essential to have a comprehensive understanding of the market and how it works. This includes being able to analyze the three key elements that makeup forex trading: fundamentals, technicals, and sentiment.

Read More

May 27, 2023 No Comments

How to use economic calendar data?

In every trading week, a large number of economic indicators are published, but only a few of them move and affect the market. I always see newbies asking questions about how fundamental analysis isn’t useful because they see numbers for US economic data for example that look good in theory but the market doesn’t act according to it and sometimes even acts against it.

Read More

May 17, 2023 No Comments

How to use Fundamental economic data?

Most Forex traders use technical analysis to trade on forex/stocks, but more sophisticated and successful traders tend to increase their success rate by using fundamental analysis in their trading decisions.

Read More

November 10, 2021 No Comments
Categories
Recent Posts
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third-party embeds. For complete information about the cookies we use, data we collect, and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Save
We use cookies to enhance your experience while using our website. To learn more about the cookies we use and the data we collect, please check our Privacy Settings.
I Accept