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New videos added to the Free Video Page
3 new videos are up on the Forex and Trading Video page. They're also here below, in case you have trouble distinguishing between the page's new and old videos!
Forex trading hours
This video is quite informative. Among the subjects covered: England has a huge influence on currency trading, whereas the Asian session represents less than 10% of the day's forex trading! Also, 13:00 PM to 17:00 PM (GMT) is the most active trading period of the day as both the US and European markets are open at the same time. Go here for more info: forex trading hours.
Forex Fibonacci Trading Strategy
This video demonstrates how to use the Fibonacci retracement indicator (almost every trading platform has it amongst the included technical indicators). The Fibonnaci indicator is great as it provides you with retrace levels (for both pullbacks and throwbacks) that provide you with the best order entry points. Go here for more info: Fibonnaci indicator.
Forex Bollinger Bands Trading Strategy
This video demonstrates how to use the Bollinger bands indicator (almost every trading platform features it among its technical indicators). Bollinger bands are useful as they keep the evolution of prices within an envelope, simultaneously providing both support and resistance levels. In the video, the trader looks for a breakout through the bottom of the Bollinger bands and then waits for a backtest of the Bollinger bands where he then sells the currency pair. He says that his exit strategy is to get out of his short position when a significant support level is hit or when the pair closes above the 10-period moving average. He suggests that you avoid shorting the actual downward breakout as the market will normally retrace some of its losses before heading down again. He also provides his customised Bollinger band settings. He sets the Bollinger bands to a length of 14 with a standard deviation of 1. Go here for more info: Bollinger bands.
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