Forex

BRICS Common Currency

Will a New BRICS Currency Dethrone the U.S. Dollar?

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At their 2023 summit in South Africa, BRICS countries committed to study the feasibility of a new common currency. Russia is especially interested in alternatives to the Dollar since his invasion of the Ukraine resulted in the Dollar, SWIFT, and international finance was used as a weapon against Russia. In today’s article Daniel Lascalle looks at the viability of an alternative BRICS currency.

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Currency Trading – An Increasingly Popular Investment Option

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There are so many different investment instruments available today that it can be difficult to determine which is right for you. If you only have a small amount of investment capital that you are using as a means to get your “feet wet” in the investment marketplace, the decision can be daunting. This is why

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Moving Averages: Determining Trend and Avoiding Whipsaws

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The moving average is a simple tool designed to help you easily determine the underlying financial trend of a stock, bond, commodity, mutual fund, or any other financial instrument. According to Wikipedia a moving average is “commonly used with time series data to smooth out short-term fluctuations and highlight longer-term trends or cycles. The threshold between short-term

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Forex Market Insight: EUR/USD Rallies…Why?

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Elliott wave patterns suggested a bullish reversal a day before the rally On February 16, EUR/USD, the euro-dollar exchange rate and the most actively traded forex pair, surged over 170 pips, from below $1.30 to above $1.3150. The explanations for the strong rally boiled down to “hopes” that the Greek bond-swap deal would be reached.

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Free Week of FOREX at EWI until February 29

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Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you. You can access all the charts, analysis, videos and forecasts from EWI’s trader-focused Currency Specialty Service

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“Market Manipulation” Is Not Why Most Traders Lose

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How often have you heard analysts refer to a down day on Wall Street as “traders taking profits”? Sounds great, but the sobering fact is that most traders — in futures, commodities, or forex — lose money. Any book on trading will list for you the many reasons why most traders lose. Yet some traders do win;

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Use The Same Trading Principles That Major Banks And Hedge Fund Managers Use Everyday To Make Millions!

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By Adam Hewison Legendary hedge fund trader George Soros made $1 billion dollars in the British Pound shortly after my book on foreign exchange was published. Coincidence? Maybe, but you decide. Hello, my name is Adam Hewison and 20 years ago when my book “RIGHT ON THE MONEY: The definitive guide to forecasting foreign exchange

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