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Today’s drop in the EURUSD was no surprise. This trade went for 100 pips before recovering. This is a momentum trade. Nearly all successful trades, in my opinion, are momentum driven. That may seem obvious but what is not obvious is when and where the momentum will take place and how as a trader you [...]

Want to improve your trading skills? Here are three things you can do:   1. Learn the direction of market momentum; is it risk or value. Trade in the direction of market momentum.   2. Trade using a momentum signal; this is what the RSI Reversal is on the chart below. Current market perception has [...]

For some reason I get many emails around the month of December from people who want to learn to trade currencies. Maybe it is because people are looking for ways to make extra money or maybe it is because people are learning that the equity markets are not producing the returns they used to. Today’s [...]

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Recently I read that most big traders are out of the market by Thanksgiving. The reason? They have either made their money for the year, lost it and are waiting for their bonuses or to get the boot. Of course, that doesn’t stop the currency market from moving onward. Each day, each hour can be [...]