I’ve been looking at the long-term chart of the USD/JPY pair today and it looks as if the long-term downward trend, which has been in place since the middle of 2007, could now be over. There are two reasons why I think this may be the case.
First of all if you look at the weekly chart below you can see that if you draw a long-term trendline plotting all the high points, the price has finally broken above this trend line, which could be highly significant.
Secondly you can also see that …

It’s been another decent trading week this week with two winning trades out of three. As in previous weeks, I’ve been looking to go long on the GBP/USD and EUR/USD pairs (despite the Supertrend indicator still being red on the daily chart) as I think they are both likely to turn upwards now, and for the most part this has proved to be a profitable strategy.
The losing trade came on the GBP/USD pair earlier in the week. The EMAs crossed upwards on Tuesday afternoon/evening, and I went long after a pull-back …

Stock Trading Nitty Gritty is the new course from Bill Poulos which teaches you how you can successfully trade individual stocks. I don’t normally talk about stock trading on this blog (despite the fact that I’m a very active stock trader myself) but I thought it was worth discussing this course because I think it will benefit many of my readers who are interested in this subject.
The course itself is a series of 9 training videos (that you can watch online) and it is aimed primarily at beginners. However I …

Bill Poulos has recently posted a video which provides you with a day-by-day analysis of a recent trade that he opened on the USD/CAD pair. It is based on one of the end-of-day trading methods included in his popular Forex Profit Accelerator course.
In this video you can see that his first profit target has already been reached. However more importantly you can see how he manages the second half of the trade. This is the bit that most interests me because you can see that he moves his stop loss to break-even …

Debt settlement is a bankruptcy alternative that has helped many debtors get out of debt and prevented them from filing bankruptcy. When you opt for debt settlement with the help of a debt settlement company, the company you have hired will be working on your behalf and will talk to your creditors. They take care of all the paperwork and the take the entire process to completion.
How will a debt settlement company help you in managing your debts?
The debt settlement company will convince the creditors to reduce the outstanding …

Just like anything else, where you have money being made you have scammers.  Trading Forex at home as a business is a legitimate way of making money but you have to swim the waters that are loaded with unscrupulous people.  In this country we have agencies that provide information to arm yourself against the scammers.
I highly advise anyone that is going to trade the markets to do your homework and involve yourself only with legitimate and ethical companies.  Especially avoid those pushy brokers that seem to offer up deals that …