I will be posting a forex signal later today, so check back in several hours for that.  In the mean time, as you know I love Ino videos.  They put together quality videos which cover a longer time frame than I normally trade on, so I offer these videos for the traders who are looking to swing trade or invest.  That said, having an overall idea of where the market is going or what it is most likely to do can definitely benefit day traders as well.

In this video the Dollar Index is discussed.  The dollar is index is a gauge of how the USD is doing against a basket of other currencies.  By analyzing the DX (dollar index) we get a broad view of how the USD is doing.  Since most of the pairs with high liquidity and low spreads involve in the USD, the ones most commonly traded,  it can be a worth while index to keep on eye on.

http://www.ino.com/info/404/CD3784/&dp=0&l=0&campaignid=3

Oh, and if you wait for the video to totally finish you will be redirected to a free 30 day trial!  Well worth at least taking a look at.  But the videos are totally free and you don’t need to sign up for anything.

~Cory Mitchell, CMT
Chief Market Strategist
Remember, failed breakouts are tradeable too!