Monthly Analysis

Hey Guys, being that it is the 30th of the month, I thought we’d cover some monthly charts today:

[leadplayer_vid id=”50B91D86E3C23″]

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news

  • NathanTucci

    Yeah, Josh, I agree.. Looking over those monthly charts is so fun–takes so much noise out of the market, doesn’t it? … I don’t know what the longest trade I have ever held is, but I know it is at least a few months.

  • NathanTucci

    Meretene, it seems to be working for everyone else 🙁 … Maybe try a different browser.

  • NathanTucci

    Thanks for checking it out, Richard!

  • NathanTucci

    Hey John,. here is an article I wrote to help explains how pairs work: http://winnersedgetrading.com/how-currency-pairs-work-in-forex/

  • john, to answer your question, when you think the usd currency is heading down you buy the eur/usd and you can sell the usd/cad. when the currency pair is in the base position you sell, if it’s in the second position, you buy. there is no usd/eur and no cad/usd.

  • Josh Mac

    Nathan – that was awesome. Loved looking over the monthly. It is tempting to want to put on a long trade and watch it over a one year span! What is the longest trade you have ever done? One month, three months, longer?

  • John

    Interesting analysis Nathan. I still get a little lost
    with the order of major pairs! For example the emphasis is on the base currency
    – which is usually the USD. OK, so say I want to sell USD against the EUR? I
    short by clicking the sell button. However, my confusion is when I want to do
    the same with the CAD against the USD! When I go to my broker button the pairs
    are in the opposite order i.e. USDCAD rather than CADUSD! Now I still was to
    sell or short the USD against the CAD. With the base now CAD and the terms USD
    which approach do I take?

    It seems easy with pairs like EURUSD as you simply hit SELL on the base but when the USD becomes the terms, I find I’m a little doubtful as shorting [by hitting the sell] means I’m doing
    something back to front I.E. I’m shorting the CAD rather than the USD.

  • Richard

    I’m a newbie. Very good chart analysis

  • Meretene

    Video not working!!! whats up Nathan?