All posts by: alertelsys

Trading the news can be very profitable if you can correctly guess which way price is going to move. Price can often move 30 or 40 pips very quickly on big news releases, but knowing which way its going to move is very much a gamble, so most traders do not trade the news, as […]

Crude oil prices dropped to a five-year low on Tuesday, as Iraq followed Saudi Arabia in cutting prices for crude sales to Asia and the United States to its lowest level in 11 years. Crude for January delivery slipped 0.56% lower at 07:10 GMT, consolidated around $62.70 a barrel. Brent crude retreats by 1.04% around […]

1. Keep it simple. Both your trade plans and analysis should be easily understood and explained. 2. Don’t go against the markets, unless you have enough patience and financial resilience to stick to a long term plan. 3. Understand that forex is about probabilities. Yes, there you have it. You read it right. Probabilities – […]