As with most breakout strategies for Forex, the key principle behind the New York Open breakout strategy is to capture any strong early moves occurring at the start of the trading session. The opening of a financial market offers a great opportunity to profit. Volume will typically increase, so creating momentum. This can provide strong … Read more
Of the many often referred to strategies in currency trading circles, the Big Ben strategy is one of the more recognizable. This currency specific system is designed to capture the first intra-day moves of the day. Most commonly it is associated with trading the GBP/USD as the opening of the London financial markets. This is a classic … Read more
A ‘stop loss’ can be both your greatest savior and at times your greatest enemy when trading Forex. It can protect your account from capital losses caused by a sudden change in market direction, while equally it can take you out of a position and limit your gains. Making use of them however an integral part of … Read more