Stocks & Commodities V. 23:10 (12-18): Forex Focus by Todd Gordon, CMT

Stocks & Commodities V. 23:10 (12-18): Forex Focus by Todd Gordon, CMT
Item# \V23\C10/201GORD.pdf
Availability: In Stock

Product Description

Stocks & Commodities V. 23:10 (12-18): Forex Focus by Todd Gordon, CMT

Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market.

Are Fibonacci Levels Leading Indicators For Forex?

Gain insight into the trading tactics of institutional foreign exchange traders.

The recent explosion in popularity of the cash foreign exchange markets has been fueled by investors from nearly every trading discipline, from hedge fund managers to commodity trading advisors (CTAs) to investment banks to individual traders. This influx of players contributes to the $1.9 trillion turned over daily in the foreign exchange markets, and it is the very size and source of this volume that allows skilled technical traders to place trades in the spot forex markets with relative safety.

So how do we safely navigate among the forces in the currency trading universe and live to tell the tale? The key lies in understanding the use of analytic indicators. Letís take a look.


Technical analysis existed in the 1970s and 1980s, but not to the degree that it does today. Thirty years ago, there was certainly no equivalent of eSignal or TradeStation running on every currency traderís desk in the interbank market. Those traders could not call up a 38.2% Fibonacci retracement for a recent move by clicking a mouse, nor could they easily pull up a real-time streaming chart to learn that the dollar/Swiss franc (USD/CHF) had held 1.1800 for the past month. Far from it. Back then, when a large order hit a traderís desk, he either knew his technical levels beforehand, having organized and written them down days before, or simply guessed where to position himself ahead of this order. Today, in contrast, charting packages with advanced technical analytics litter the desks of just about every investing institution. Traders can call up technical indicators instantly for any investment instrument and position themselves accordingly. The markets are far different.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order