As we track the market, one of the things that we can consider about the US Dollar, is the price of oil. Take a look at the chart below to see the correlation between oil and the dollar. The first chart is of US Oil Futures. Notice the drop in oil. After reaching a high for the year, in June of last year, prices have continually dropped. The last few days have shown a considerable increase in oil.   Now take a look at the US dollar index, equally weighted […]

Developing Routine One of the keys to successful trading is developing a routine. The most successful traders have routines that they follow. There is not one specific routine that needs to be followed. Different traders will have different routines. Part of this is going to be based on each trader’s lifestyle. When do they work? When do they set aside time for family? When do they want to spend time on trading? One of the advantages of the Forex market is that it is open 24 hours during the week […]