Abe Cofnas has been a full-time analyst of global currency trading for over twenty years and ranks among the top Foreign Exchange (Forex) traders working today. He has written three books on the subject. The most recent, Sentiment Indicators was published in 2010. Cofnas is the managing editor of the Fear & Greed Trader, Agora’s primary source for currencies information. He has also been Futures Magazine’s Forex Trader columnist since 2001, having written over 100 pieces.
For decades, big-time traders and institutions enjoyed unique access to a market that was off limits to everyday Americans like you and me. Even European investors could play this market racking up big gains while their American counterparts were stuck on the sidelines.
But that all changed in 2007, when a ...read more
As you know, I’m a big believer in studying intermarket correlations — how the prices of two different things interact with each other.
If you can find patterns, you can make predictions.
And with predictions, you can make winning trades...
The trick, however, is to understand that correlations can change. This is one ...read more
Earlier this week I showed you how I use sentiment analysis to track the emotion of the market each week.
Today I want to share with you the three strategies I use when choosing my currency plays every Monday morning for my premium readers.
All three of these strategies revolve around the ...read more
If you’ve been trading awhile, you probably know there are two main forms of investment analysis — fundamental and technical.
Fundamental analysis digs into a company’s balance sheet, looking for clues to how much a stock is worth... and how much it could be worth.
What comes out is an alphabet soup ...read more
Most of my weekly binary recommendations to my elite Strategic Currency Trader revolve around how the latest news will affect currencies, stock indexes or commodities. But it’s important to remember that there are other important intermarket relationships — ones that operate on longer-term scales and are easy to overlook...
For instance, ...read more
Today I want to review one of the primary strategies I use week-in and week-out in my hunt for profits with binary options. It’s been fairly successful, delivering gains of 41%, 70% and 94% over the past few months alone to my Strategic Currency Trader readers...
But first, it’s important to ...read more
Europe’s ongoing debt problems are once again proving that traditional market analysis alone isn’t able to deal with new market realities.
As you know, last Monday morning saw cautious optimism pushing Germany’s DAX index higher. Then Tuesday, it reversed direction when German Finance Minister Wolfgang Schäuble said the upcoming European summit ...read more
Last week I covered one of the important tools I use, parabolic patterns. Today, I would like to cover volatility and how you can use it for binary profits.
Surge-and-sell market turbulence can be translated into a quantifiable property known as volatility. Once we “map” volatility, we can trade it more ...read more
Did you see the cover of The Economist last week?
Inside a picture of a black hole is printed, “Until politicians actually do something about the world economy... BE AFRAID.”
Wow! When a theme makes it to a magazine cover, it can be considered a strong sentiment event. Fear has become so ...read more
Last week I reviewed the fact that big moves in markets are a “new normal” for investors to consider. As my research proved, one-week moves happen frequently, making weekly binaries perfect instruments to play them.
The first installment covered some big commodities and indexes. Today I’ll apply that lens to currencies, ...read more
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