Trade With Precision Newsletter - Education

It’s nearing the end of the trading week and with Non Farm Payroll figures out tonight there could be allot of volatility, especially in the Forex market. We need to take this into account as traders and manage our risk accordingly. We don’t generally like getting into new FX positions just ahead of Non Farm payrolls so we thought we would run you through one chart we do like the look of outside of the Forex market.

So far this week the key theme in the FX market seems to be that of Euro weakness. The Euro has been weak for a number of months, however price had been consolidating for the last few weeks. Now it seems the Euro trend is set to continue as this week we have seen further moves to the downside. When we get a very weak currency, we generally see nice trending markets which are the types of markets we like to trade here at Trade with Precision. We are going to take you through a couple of the EUR crosses highlighting what we want to see to get positioned in these markets.

If you have never considered binary options, you need to think again.  These relatively new contracts offer a broad range of advantages that can help the average home-based trader.  Important factors to consider are fixed and variable payout structures, daily expiration times, and trading fees.  However, make sure you are trading with a legitimate regulated exchange, there are many binary brokers who are not. 

For those of you out there who are looking to start trading the markets, there's so much different information available to you on the internet it's hard to know where to start. If you search the web looking for information on how to trade you will come up against a whole heap of people claiming that to make money you need to use Candle Stick Patterns, Elliot Wave theory, Gann, Descending Triangles and many other methods. All of these methods can be quite overwhelming for the budding trader and quite frankly you're better to start off trading by mastering the most important basics.