NiaTradingSignals

When we discussed the top 5 ways To Improve your Mental Forex trading we saw that it is important to understand your trading system and from the discussion on how to setup a forex system # 4 we continue with the first indicator we shall be using.The Forex Fractals
What is a fractal
A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.
These basic fractals are composed of five or more bars. The rules for identifying fractals are …

Following our forex economic calendar topic ,how does New Homes Sales affect you as a trader? Especially following what has been going on the the USA stock and USD markets, how will it affect you as a forex trader?
New homes sales are important to measure as significant changes in consumer spending often appears in autos and homes first. It is not shocking to see that new homes sales will normally be the first economic measures to turn up before an economic rebound and first to decline before a recession.

Every week we come accross interesting websites and blogs and would like to share them with you.Some are funny others serious. As long as we can learn something from them ,we include them in the stumble threads.

It has become plainly clear after a long time forex trading that trading is more of a mental challenge than simple trading systems.I have endeavored to only look for forex trading systems that are easy for me to understand. I realized that I needed to keep my mind in shape and wasn’t going for a phd in forex trading but just wanted to make a living trading forex.
For those who wish to sharpen their minds these are some of the ideas I picked up

In yesterday’s top currency news, we discussed how major banks can see the yen carry trade coming back.
A Carry Trade is simply an investment strategy where one borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.

This are the top long term fundamental news I am following today.It’s always interesting to see how fundamental traders can give two totally opposite views on market direction but woe unto the trader who doesn’t make an effort to at least follow some of these predictions especially if one is trading long term.