Forex Education

A different topic for us to look at today as we await the outcome of the US elections. Around 15% of daily spot FX trading is executed by algorithms. So, what is an algorithm? It is an automated trading program that places a trade according to a pre-defined set of instructions. These algorithms have developed from very simple rule based mechanisms...

Trading is a risky business. Even before you begin your adventure into the world of stock trading, you need to have a trading strategy, which is essential for your long-term survival in this space. There are many components that compose a good trading strategy; however, there are two key steps that any successful trading plan needs to follow.

I am a big proponent of correlations. Finding a correlation between two assets that move almost identical is great, but my favorite type of correlation is when one asset leads another. That allows you to trade the asset that is lagging with a lot more confidence. I have discovered a very technical correlation between two different US dollar indices that will allow you to trade the EUR/GBP: the DXY and the FXCM dollar.

You might have seen the videos with Rob and Lou driving around in a Delorean. Yes, that is the car from “Back to the Future.” It’s a really fun video — you should watch it! Now let’s talk about the product they are promoting: Micro-Cap Advantage. I got my hands on this product, so let’s take a look at it together. Micro-Cap Advantage is a research service that gives you specific buy recommendations for micro-cap stocks.