USDMXN and the Market’s Fractal Nature in Practice

January will be a month to forget for U.S. dollar bulls, who saw the greenback falling sharply against most major rivals. USDMXN is no exception as the pair is down by over 4.7% since the beginning of 2018. On December 26th, 2017, the dollar was hovering around 19.90 against the Mexican Peso. A month later,…

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Trading Losses and How to Handle Them

Trading will always bring fortune and misfortune to those in the market. Just like in life, the inevitable ups and downs are a natural part of this particular human activity. But there are ways to make the most of losing and turning it around to your advantage. Here are five tips on what to do…

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Money Management in Trading

Money management doesn’t seem to be the first thing on people’s mind when they start trading. It doesn’t look as sexy and exciting as doubling your money, or going on a winning streak of trades. But as more experienced traders know – it’s a crucial part of making profits and coming out on top. How…

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GBPJPY Unmoved by Brexit… For Now

GBPJPY climbed to its highest point in over a year yesterday, despite Brexit negotiations not going in the best possible way. The pair has been in recovery mode since October 2016, but its chart is looking quite heavy, not because we expect Brexit to eventually take its toll on Britain’s economy, which is also very…

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Bitcoin Bubble: Is It “Different This Time”?

Our first bullish outlook on the biggest cryptocurrency, titled “Bitcoin Hiding an Ace in the Sleeve” was published less than a year ago, on August 1st, 2016, when BTCUSD was trading near $620. It has been a wild ride, but ten months later, the price on most exchanges is hovering around $2900 per Bitcoin. And…

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Cigna: Fundamental Analysis Simply Not Enough

Cigna Corporation has been one of the wonder stocks of the last 8 years. Shares of the health services organization gained from as low as 8 dollars a share in November, 2008, to as high as 170.68 in June, 2015. We are not even going to calculate those gains in percentage points. “A lot” is…

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Elliott Wave Patterns

Technical analysis in general is a method of market forecasting, based on pattern recognition. The Elliott Wave Principle is a more specific method, which uses its own patterns, called “waves”. They are as follows: Impulses What is an impulse? Every impulse consists of 5 waves. Impulses show the direction of the larger trend. There are…

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