Free Forex Tutorial

How to Backtest with Meta Trader 4 — Part 2 of 3

2012-02-25T20:13:00.001-08:00

This is part 2 of the series. Have you ever wanted to backtest a Meta Trader 4 Expert Advisor over historical data with a high modeling quality? This video series will show you how. Posted on Forex Video Zone.
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USD/JPY, USD/CHF — February 24th 2012

2012-02-24T19:02:00.005-08:00

Watch the latest analysis of the USD/JPY, USD/CHF Forex pairs for the February 24th in this video. USD/JPY — This pair fell on Thursday session as the market finally got a bit of a pullback. The 80.00 level looks supportive which goes down to 79.50 level. The longer it stays above this level, the more significant this move actually becomes and a trend changing event. With many of the problems with bond buyback purchases situations, [...]
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Market Psychology — Mind over Market — Part 4

2012-02-24T19:02:00.003-08:00

This is part 4 of the series. In this video Mark Douglas talks about trading as a technical methodology or technical pattern as being an edge to bring the odds in our favour over a series of trades inorder to take every single trade since we dont know the sequence to wins and losses and not about being right or wrong. Posted on Forex Video Zone.
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AUD/USD, USD/CAD — February 24th 2012

2012-02-24T19:02:00.001-08:00

Watch the latest analysis of the AUD/USD, USD/CAD Forex pairs for the February 24th in this video. AUD/USD — The 1.06 level has held as support. With this in mind it does look we will be seeing the 1.08 level and we will be buying in dips or a break of the highs from Thursday as consolidation continues to be the key. The pair recently broke out of a massive triangle at 1.04 level. A break above 1.08 level [...]
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Daily Gold and Forex Trading News — February 22nd 2012

2012-02-23T21:08:00.011-08:00

The US Dollar gained versus most majors erasing earlier gains after the Greek aid package approval was digested by investors. Greece’s bailout will prevent Greece from declaring bankruptcy over the next month or 2 but the question over Greece’s exit from the Euro remains open. Posted on Forex Video Zone.
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EUR/USD, USD/CHF — February 22nd 2012

2012-02-23T21:08:00.009-08:00

Watch the latest analysis of the EUR/USD, USD/CHF Forex pairs for the February 22nd in this video. EUR/USD — We gapped up over the weekend and had a relatively positive action in response to the bailout that the Greeks have received. Last couple of days produced shooting star candles consecutively at the 1.3250 area. This area is also the 38.2% fibonacci retracement level from the fall of the year. The break of the bottom of the range from the Monday and Tuesday [...]
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Daily Gold and Forex Trading News — February 23rd 2012

2012-02-23T21:08:00.007-08:00

The US Dollar traded mix versus most majors. US stock markets also finished mixed after Home Sales came out 4.57M worse than expected at 4.66M. Stock market closed negative as The Dow fell by 0.21% and the Nasdaq by 0.52%. Posted on Forex Video Zone.
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USD/CAD and CAD/JPY — February 23rd 2012

2012-02-23T21:08:00.005-08:00

Watch the latest analysis of the USD/CAD, CAD/JPY Forex pairs for the February 23rd in this video. USD/CAD — This pair is a bit of grind sideways and continues to chop around the parity level. One thing that is interesting though is the fact the oil can rise without the Loonie. This shows to us that CAD strength isn’t there — and oil is basically a reaction to the Iranian situation more than anything [...]
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USD/JPY, AUD/USD — February 22nd 2012

2012-02-23T21:08:00.003-08:00

Watch the latest analysis of the USD/JPY, AUD/USD Forex pairs for the February 22nd in this video. EUR/JPY — The 80.00 level looks as significant resistance as seen in the daily chart. With the trend being down and the current move is parabolic, we believe that the downside is more likely in this pair. The question is whether or not the downtrend continues or it will pullback. So we don’t want to buy here as we will [...]
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EUR/USD, EUR/CHF — February 23rd 2012

2012-02-23T21:08:00.001-08:00

Watch the latest analysis of the EUR/USD, EUR/CHF Forex pairs for the February 23rd in this video. EUR/USD — hardly moved during the Wednesday session as the 1.3250 level continues to be resistive and support at 1.30 level. The area is also the 38.2% retrace of the fall from last year, and the 100 EMA is just above. With all of this in mind, we are looking for weakness on shorter timeframe to sell as the reaction to Greece settling the deal [...]
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EUR/USD, USD/JPY — February 14th 2012

2012-02-15T19:58:00.013-08:00

Watch the latest analysis of the EUR/USD, USD/JPY Forex pairs for the February 14th in this video. EUR/USD — initially rose during the Monday trading session after the Greek Parliament passed the austerity measure, but the risk appetite fell almost right away. The 1.3250 area is at the 38.2% retracement level of the larger move down. Also the 100 day moving average adds more bearish pressure to the Euro. Even the austerity measures really [...]
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Daily Gold and Forex Trading News — February 15th 2012

2012-02-15T19:58:00.011-08:00

The US Dollar strengthened versus most major currencies as risk aversion grew following Moody’s downgrade of Italy, Spain and Portugal, and are now threatening to strip France, the U.K. and Austria of their top Aaa ratings. As a result the U.S. dollar, the world’s main reserve currency, rose versus most major peers as investors sought safety. The Dow rose by 0.03% and the NASDAQ gained by 0.02%. Crude oil rose by 0.10% on concern that tensions [...]
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USD/JPY,USD/CHF — February 15th 2012

2012-02-15T19:58:00.009-08:00

Watch the latest analysis of the USD/JPY, USD/CHF Forex pairs for the February 15th in this video. USD/JPY — shot straight up on Tuesday as the Bank of Japan has announced continued and expanded bond buybacks and other such programs to bring the value of the Yen down. The 78.50 level is the level we have been watching. If we can continue to rise above 78.50 level, if give us the opportunity to see this pair [...]
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AUD/USD, NZD/USD — February 14th 2012

2012-02-15T19:58:00.007-08:00

Watch the latest analysis of the AUD/USD, NZD/USD Forex pairs for the February 14th in this video. AUD/USD — This pair rose initially on Monday session, shot up to 1.08 level and fell from there to form a shooting star as seen in the daily chart. The question — Are we going to fall further. There are plenty of levels between here and 1.04 which are seen supportive. Above 1.04 level is seen [...]
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EUR/USD, EUR/CHF — February 15th 2012

2012-02-15T19:58:00.005-08:00

Watch the latest analysis of the EUR/USD, EUR/CHF Forex pairs for the February 15th in this video. EUR/USD — fell initially during the Tuesday session as the EU Finance Ministers cancelled their meeting on whether or not to deliver the next bailout for the Greeks. However, later in the session there was an announcement that the presumed incoming Prime Minister of Greece is willing to promise a continuation of austerity if elected. Currently we are in a little bit of a consolidation [...]
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Midday Snapshot — February 15th 2012

2012-02-15T19:58:00.003-08:00

The Midday Snapshot reviews and analyzes the trading activity in relation to the actual market movement. The overview is provided for the five most popular currency pairs — EUR/USD, GBP/USD, USD/JPY, GBP/JPY and EUR/JPY for the period starting at 0:00 and ending at 12:00 GMT. The bulletin will contrast the traders sentiment with actual market movement, as well as providing information on the volatility, given in pips, and traded volume. The Dukascopy Forex News Team completes the daily broadcast [...]
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Daily Gold and Forex Trading News — February 14th 2012

2012-02-15T19:58:00.001-08:00

The US Dollar strengthened versus most major currencies as risk aversion grew following the S&P rating agency downgrading of a number of national ratings. Wall Street closed positive as Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, the Dow rose by 0.57% and the NASDAQ by 0.95%. Crude oil rose by 1.90% to close at $100 a barrel. Gold (XAU) fell by 0.10%, to close at $1719 an ounce. Posted on Forex [...]
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Daily Gold and Forex Trading News — February 13th 2012

2012-02-13T20:12:00.005-08:00

The US Dollar strengthened versus most major currencies as risk aversion grew following S&P’s downgrade of Italian banks, and in spite of Greece passing the package of cuts needed to complete the next step towards securing the second bailout. Wall Street closed negative as the Dow declined by 0.69% and the NASDAQ by 0.80%. Crude oil fell by 0.90% to close at $99.00 a barrel. Gold (XAU) fell by 0.60%, to close at $1721.00 an ounce. No economic data is [...]
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Technical Analysis Lesson — 47 — How To Interpret the Consumer Confidence Index (CCI)

2012-02-13T20:12:00.003-08:00

This video is 47th lesson in a series on technical analysis for active traders of forex markets. A lesson on the Consumer Confidence Index and what it means to traders and investors in the foreign exchange markets. Posted on Forex Video Zone.
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Market Psychology — Mind over Market — Part 2

2012-02-13T20:12:00.001-08:00

This is part 2 of the series. In this video you will learn about a mindset that many trader struggle to develop and the majority never master. Marc explains that it is possible to determine the probability of a trading strategy working over time by back testing and doing your due diligence. However, he states it is impossible to determine if an individual trade will work or not. He uses this [...]
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Daily Gold and Forex Trading News — February 12th 2012

2012-02-12T22:00:00.007-08:00

In the USA the trade deficit expanded in December to a six month high as the improving economy led to larger gains in imports than exports. The gap increased 3.7 percent to $48.8 billion from $47.1 billion in November, reported by the Commerce Department in Washington last week. Retail sales were speculated to rise in January by the most in four months, marked by the biggest increase in auto purchases since 2009, economists stated before a report this week. Posted [...]
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USD/JPY, USD/CAD — February 13th 2012

2012-02-12T22:00:00.005-08:00

Watch the latest analysis of the USD/JPY, USD/CAD Forex pairs for the upcoming February 13th session in this video. USD/JPY — The Friday session saw this pair fairly still, a session that saw quite a few currency pairs move in farily dramatic fashion. The Bank of Japan is sitting below but we feel we are getting closer to the upper limit of the range. The BOJ is likely to intervene at 76.50 level. But at a short [...]
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Long—Term Charts — February 13th 2012

2012-02-12T22:00:00.003-08:00

The author of this video looks at the weekly charts going into the February 13th Forex week. Featured are the GBP/USD, AUD/USD, and USD/CHF pairs. Posted on Forex Video Zone.
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AUD/USD, NZD/USD — February 13th 2012

2012-02-12T22:00:00.001-08:00

Watch the latest analysis of the AUD/USD, NZD/USD Forex pairs for the upcoming February 13th session in this video. AUD/USD — fell on Friday session, as the ”risk off” attitude came back into the markets. However the trend is decidedly bullish.. The Aussie has been parabolic, and as a result it looks as if the pair needed a pullback. We will be buying this pair and not selling it. We will be looking for support — [...]
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Technical Analysis Lesson — 46 — Existing Home Sales Index

2012-02-11T19:37:00.003-08:00

This video is 46th lesson in a series on technical analysis for active traders of forex markets. A lesson on how the Existing Home Sales Index gives us insight into the Us housing market and how this affects the foreign exchange markets. Posted on Forex Video Zone.
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