FXOpen Trader

We need to make use of such kind of a Trading Strategy that is both Reliable and also Profitable for us.

We will need to understand that the Risks that are present in doing our trades will need to be brought down by us.

We will need to start doing trades with the help of our own Trading Funds and not make use of the Bonus Funds.

Those traders who are a Newbie traders will need to make more Efforts so that they are able to get the Profits from their trading.

We must understand that if the Risks that are present in our trades will start to come down we will become Profitable Traders.

I have been doing my trading in the Forex markets with the International and Reliable Forex Broker FXOpen Markets

We will need to use such types of Technical Indicators that are easy for us to understand and use in doing our trades.

I choose to do my Forex trading with the International and Reliable Broker FXOpen Markets

We will need to learn trading with the help of the Demo trading accounts so that we can become Better Traders.

We will need to start doing our trades with the use of the Lower trading leverages so that the risks will come down.

We will need to s tart doing more Efforts into the business of Forex trading so that our income from trading will increase.

GBP/USD Faces Resistance While GBP/JPY Dives Below 152.00 GBP/USD started a fresh increase after a drop to 1.3800. Conversely, GBP/JPY is declining and it broke the key 152.00 support zone. Important Takeaways for GBP/USD and GBP/JPY The British Pound traded as low as 1.3790 before it started an upside correction against the US Dollar. There was a break above a key bearish trend line with resistance near 1.3855 on the hourly chart of GBP/USD. GBP/JPY topped near 153.30 and started a major decline. There was a break below a major bullish trend line with support near 153.00 on the hourly chart. GBP/USD Technical Analysis This past week, there was a steady decline in the British Pound below the 1.3900 level against the US Dollar. The GBP/USD pair even broke the 1.3850 and 1.3820 support levels. It traded as low as 1.3790 on FXOpen before it started an upside correction. There was a decent recovery wave above the 1.3800 level. The price surpassed the 1.3850 resistance level and the 50 hourly simple moving average. There was also a break above a key bearish trend line with resistance near 1.3855 on the hourly chart of GBP/USD. The pair is now trading nicely above the 1.3850 level. It traded as high as 1.3874 and it is now consolidating gains. An immediate support is near the 1.3855 level. It is close to the 23.6% Fib retracement level of the recent increase from the 1.3790 low to 1.3874 high. The next major support is near the 1.3840 level and the 50 hourly simple moving average. The 50% Fib retracement level of the recent increase from the 1.3790 low to 1.3874 high is also near 1.3832. If there is a break below the 1.3830 support, the pair could test the 1.3800 support. If there are additional losses, the pair could decline towards the 1.3660 level. On the upside, the pair is facing a major resistance near the 1.3880 and 1.3900 levels. A clear break above the 1.3900 resistance could set the pace for a larger increase. The next key resistance is near 1.4000. Read Full on FXOpen Company Blog...

AUD/USD and NZD/USD Target Additional Losses AUD/USD started a fresh decline from well above the 0.7400 level. NZD/USD also declined below the 0.7020 and 0.7000 support levels. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a major decline after it failed to clear 0.7440 against the US Dollar. There is a major bearish trend line forming with resistance near 0.7365 on the hourly chart of AUD/USD. NZD/USD also started a fresh decline from well above the 0.7050 level. There was a break below a key contracting triangle with support near 0.7015 on the hourly chart of NZD/USD. AUD/USD Technical Analysis After struggling to clear the 0.7440 resistance, the Aussie Dollar started a major decline against the US Dollar. The AUD/USD pair broke the 0.7400 and 0.7380 support levels to move into a bearish zone. The pair even broke the 0.7350 support and the 50 hourly simple moving average. Recently, there was a recovery wave, but the pair failed to clear the 0.7400 resistance zone. It is now trading below the 0.7345 level and traded as low as 0.7332 on FXOpen. It is now consolidating losses above the 0.7335 level. An immediate resistance is near the 0.7355 level and the 50 hourly simple moving average. It is near the 38.2% Fib retracement level of the recent decline from the 0.7389 swing high to 0.7332 low. The next major resistance is near the 0.7360 level. It is close to the 50% Fib retracement level of the recent decline from the 0.7389 swing high to 0.7332 low. There is also a major bearish trend line forming with resistance near 0.7365 on the hourly chart of AUD/USD. To move into a positive zone, the pair must settle above 0.7360 and the 50 hourly SMA. An initial support on the downside is near the 0.7335 level. The next major support is near the 0.7320 level. If there is a downside break below the 0.7320 support, the pair could extend its decline towards the 0.7250 level. Read Full on FXOpen Company Blog...

If we will start doing correct analysis then our income from such trades will increase.

We will need to see which type of Trading systems are going to give us the most profits.

We need to select a Forex Trading Broker that has Low Spreads like FXOpen Markets They have Low Spreads in the GOLD and Forex Pairs with USD See Below

If we are looking to get income on a short span of time we can make use of the Scalping.

I am doing my Forex Trading from the Year 2010 with the International and Reputed Broker FXOpen Markets

We will need to make use of a Trading Plan that is not only Easy but also Reliable Plan for us.

I choose to do my Forex Trading with FXOpen Markets They are International and True ECN.

Those traders who are New in the market will need to make use of the Lower Trading Leverages.

We will need to understand the Efficacy of any Trading Signals and then only use them in our trades.

We need to make use of Forex Broker that is True ECN

We need to select a Forex Broker that is both International and True ECN like FXOpen

If we are looking to make Quick Profits from our trades then we will need to make use of the Correct Timings.