Recent content by traderkenny

The open for any trading session can set the tone for the day’s trade. Barring any major fundamentals, it can signal whether or not traders are going to be primarily bearish or bullish, or neutral and cautious. The start of the day can set the stage for your own trades as well. Starting off with...

A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?" The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded at...

Though it has gone through many revisions since the inaugural use, the Continuous Commodity Index (CCI) has aimed to provide an accurate representation of commodity price trends. Contract specifications refer to the CCI futures on ICE Futures US. Contract Size: $500 x Index Price Quote & Tick...

The world of trading has many parts that seem a little foreign to new traders. There are plenty of catch phrases, symbols, and other banter that can be intimidating or even confusing at first. One of the biggest sources of confusion includes the shorthand that you see for many markets...

The Dow Jones Industrial Average (DJIA) is a widely recognized name in finance. Following his nineteenth-century roots in publishing, Charles Dow’s first stock averages creation included nine railroads and two industrials. Today, the DJIA is an index of 30 companies. While exploring the history...

If you know your way around a price chart (Tip#5) then you are ready to learn a little more about technical analysis. This kind of analysis is defined as an attempt to try to forecast price movements based on patterns observed in price changes on charts, or other changes that are not rooted in...

Treasury notes are debt obligations issued by the US Treasury. They are often viewed as a way to speculate in or hedge against future interest rate changes and are globally valued markets to use when trying to manage risk of the same. 2-year Treasury Notes Contract Size: One U.S. Treasury note...

Markets are powerful things. When you first start trading, you are likely to hear a lot about the risk that comes with the potential opportunities in trading. Don't just pay it a lip-service. It is important that before you risk one dollar, you understand and respect how the markets work and...

Trading Tip #5 : Knowing your way around a chart For most traders, charts are like their road maps to potential trades. Technicians see potential patterns, key clues that they interpret for trading opportunities. Fundamentalists see confirmation of news stories or supply and demand dynamics...

This official currency of Switzerland and Liechtenstein is the only remaining European currency bearing the name franc or frank. It is often represented by the abbreviation or currency symbol CHF. The Swiss Franc has its roots in the Helvetic Republic of the late eighteenth century. The...

I've already covered some of the better known patterns like doji (Tip #18) and engulfing (Tip#19) – now it's time to add harami to your candlestick chart pattern arsenal. Let's take a look at what this technical signal looks like, and what opportunities might be presenting themselves when you...

According to the Triennial survey, the British Pound is likely the fourth most-traded currency after the U.S. dollar, the Euro, and the Yen. Official currency of the United Kingdom - as well as a few Crown dependencies - the Pound can trace its origins back to Anglo-Saxon times. The following...

This Eastern Asian currency is one of the most widely traded currencies in the foreign exchange market, second only to the US Dollar and Euro, according to trading surveys. The official national currency of Japan, the name yen means "round object". The following contract specifications will...

Energies Crude oil has become so closely tied to the global economic outlook that the demand side pressure is seemingly outweighing the supply side premium. That means a strong dollar and weak global demand outlook should push oil prices below $90. Gasoline and heating oil should follow suit...

Named in 1995, and introduced in 1999, the euro is the official currency of more than half of the member countries of the European Union. According to the International Monetary Fund (IMF), the euro zone may represent the second largest economy in the world, a likely driving force behind the...