World Forex Analysis

2010-01-16T03:43:00.000-08:00

The Forex trading market is an around-the-clock cash forex market where the forex currencies of nations are bought and sold, typically via forex brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. Forex prices can change at any moment in response to real-time events, such as political unrest, crude oil prices, inflation, import and export prices, or industrial production.

Currency market players typically use “World Forex analysis” as a tool in predicting currency price movements. Forex analysis itself is divided into two types: fundamental and technical. A fundamental analysis uses economic and political factors as a means of predicting currency movements. A technical analysis uses reliable historical data as a means of forecasting these movements. The purpose of this article is to discuss the basic principles of fundamental and technical analysis.

A fundamental analysis uses economic and political factors, such as housing starts, the unemployment rate, or inflation, as a means of predicting currency movements. Fundamental analysis is concerned with the reasons or causes for currency movements. Many Forex traders who rely on fundamental analysis plan their forex trading strategies around a number of key U.S. Government economic indicators. Some of these indicators are the Gross Domestic Product (GDP), Foreign Exchange Rates, Import and Export Prices, Industrial Production/Capacity Utilization, the Composite Index of Leading Indicators, Consumer Credit, the Consumer Price Index (CPI), Retail Sales, Housing Starts, the Employment Cost Index, and Consumer Confidence.

All of these Federal economic indicators have a marked effect on both the stock market and Forex. Some of these indicators are released weekly, while others are released monthly or quarterly. Their sources include the Federal Reserve Board, the U.S. Bureau of Labor Statistics, the U.S. Department of Agriculture, the U.S. Bureau of Economic Analysis (BEA), and the U.S. Census Bureau.

Forex traders must take other economic indicators into consideration as well. The world’s leading economies (for example, the United Kingdom, Japan, France, and Germany) also release their own economic indicators that will have an impact on the Forex market. For example, leading economic indicators in the United Kingdom include Housing Prices, Gross Domestic Product (GDP), Vehicles per 1,000 People, Telephones per 1,000 People, and the Percentage of People Employed in Agriculture.

A technical analysis uses historical data as a means of predicting currency movements. The technical analyst believes that history repeats itself over and over again. Technical analysis is not concerned with the reasons for currency movements (for example, interest rates or inflation). Instead, it believes that historical currency movements are a clear indication of future ones.

For example, during the back-to-school buying season, the technical analyst might observe that more people are going into clothing stores than into stores selling flowers. Likewise, the technical analyst might observe that more men are going into stores selling flowers on Valentine’s Day than into clothing stores.

Here is another example. Oil prices dramatically increase, thus creating inflation. Interest rates rise as a means of controlling inflation. One historical result of higher interest rates is less money to spend, thus slowing economic growth. Another historical result is increased foreign investment in the forex currency affected by the higher interest rates, thus strengthening it.

The technical analyst typically uses charts as a tool for predicting currency forex price movements. The three most popular kinds of charts are line charts, vertical bar charts, and candlestick charts.

Some Forex traders depend on fundamental analysis while others depend on technical analysis. However, many successful Forex traders use a combination of both strategies. However, the important point to remember here is that no one forex strategy or combination of forex strategies is 100% certain.

Top Forex Tips

2010-01-12T01:25:00.001-08:00

The currency trading market is the largest in the world and one of the most busiest. Billions of dollars are transacted every day. It is also the only market which is open round the clock, throughout the year. What this also means is that it offers plenty of more opportunities to make money , when compared to other forms of trading. It is not surprising then that hundreds and thousands of investors are trying entering the field every passing day. If you are an aspiring trader then you could very well do with some handy forex tips.

There are various sources from where you can get forex tips. Experienced traders are perhaps the best source. You can get to learn a lot from them. Similarly, the Internet is another place where you can find plenty of useful information on foreign exchange. You can also find many useful publications on the topic these days, which will help you keep yourself abreast of the latest happenings in this line.

When it comes to forex tips, one of the best ones that anyone can give you is to concentrate on trading pairs and not currencies. You should be knowledgeable about the different pairs of currencies. You should make sure that you understand the basics of the trading process. Similarly, you should also keep tab on the latest political and business news from different parts of the world. This is what will help you make the most of your investment.

Another one of the most important forex tips is to not to hurry things. You should always aim to make a gradual transition from a smaller account to a bigger one. This way you will ensure that you are learning all along the way, while not having to worry about losing too much money in the process. Once you keep these simple aspects in mind, then the entire trading process becomes a lot simpler.

A Winning Forex Strategy

2010-01-12T01:16:00.000-08:00

Developing a winning forex investment plan is not unlike piecing together winning strategies for other asset classes. First and foremost, you must assess what kind of investor you are. Are you hoping to catch big profits from day-trading? If day-trading isn't your cup of tea, perhaps you're a swing trader that wants to be in a trade for a few days or few weeks. Or maybe you're a longer-term forex investor, in which case currency Exchange Traded Funds (ETFs) or a managed futures account may work best to help you accomplish long-term financial goals.

Remember that an investment strategy is NOT a system. Trading systems are mechanical and rigid. Even the good ones can only be altered so much. On the other hand, an overall investment plan or strategy should be fluid and be able to change as your investment objectives change. A winning forex strategy should be able to deliver profitable results in a variety of market conditions. Knowing that, let's take a look at a few ways to develop a top-flight forex strategy.

What Currencies Are You Going To Invest In?

As the forex market has grown, so have the available options for traders. Even rookie forex traders know about the major currencies. These are the US dollar, the Euro, the Japanese yen, the British pound, the Swiss franc and the dollars of Australia, Canada and New Zealand. Forex investors now have access to more currencies known as exotics. These include the Mexican Peso, Brazilian Real, Thai Baht and South African Rand.

Now, it may sound intriguing and alluring to play the exotics, but be assured that the risks and the costs are higher. When you trade a major pair like the euro/US dollar (EUR/USD) you might have a bid/ask spread of just one or two pips simply because this is a highly liquid pair and one that thousands of investors trade every day. On the other hand, if you invest in a more exotic pair like the US dollar/Thai Baht, you may see a spread of five pips or more and that's your cost to enter the trade. In addition, it's harder to get off an exotic trade because the exotic currencies are far less liquid than their major counterparts. So proceed with caution if you're considering investing in exotic currencies.

Keeping Your Losses Small, Let Your Winners Run

Seems simple doesn't it? Yes, it does, but it's surprising how many investors don't follow this advice. This applies to trading asset class, but especially to forex where the use of leverage puts the investor who isn't cautious at risk of losing more than his initial investment. So how do you keep your losses small? Regardless of what type of forex investor you are, assess your risk BEFORE you get into the trade. Decide how much you are willing to lose and if the trade goes against you, don't let it go any further than your pre-determined loss threshold. Don't turn a losing trade into a disastrous investment.

On the flip side, we don't want to cut a winning trade short or let it turn against us. The way to do this is by using protective stops. Once your profit goal is reached, set a protective stop at that price and let the trade ride. The worst thing that can happen is that the trade goes against you, but you've already locked in some profit. If the trade keeps going your way, move your stop order to lock in even more profits.

Know Why You're Investing In A Particular Currency

While many investment experts believe the market acts at random, that doesn't mean you should pick currencies to invest in at random. Since the forex market is more volatile than stock or bond markets, we cannot hold forex investments for months or years as we might be able to do with stocks and fixed income. This makes investment selection critical. Are you going long on the Canadian dollar because oil prices are rising? That's a sound investment thesis, but if you're just buying a currency because you think it's going to do what you want it to, you might be better off heading to a casino and gambling. When you buy stocks, you probably have a reason. Forex should be no different.

Research And Test Your Strategies

With all the advancements in technology, it is possible for investors to test their forex strategies on demo accounts without risking a penny. This is a wise move, especially for those new to forex investing. In conjunction with testing your strategy, there are plenty of free resources available for you to research how various currencies act during a variety of market conditions. Since these market conditions invariably repeat themselves over history, it is worth looking back to get a leg up on the future.

Strategy for Gaining 10 Pips a Day

2010-01-08T02:01:00.000-08:00

Even a relatively new and inexperienced trader can consistently gain 10 or more pips a day on average -- by trading during the daily New York Close, or from 2 p.m to 4 p.m. U.S. Eastern time.

The Forex market does have certain habits and frequently repeats daily patterns of activity. As a new trader, and even as an experienced trader, if you spend enough time observing the market movements with respect to time of day, you will begin to see some regular predictable patterns.

One of the habits occurs in the New York afternoon, after 2 pm EST and into the final New York daily closing. This pattern is most frequently observed in the EUR/USD. At this time of the day, trading flows are commonly light with low volatility. If a trader observes regularly at this time, it becomes apparent that there tends to be a pivot which occurs sometime just after 2 pm EST. By "pivot," I am referring to a "pullback" or "retracement" from the overall daily trend.

In other words, if the trend of the day for the EUR/USD has been rising, then between 2 pm and 3:30 pm EST, the market will typically see a pullback lower, usually around 20 to 30 pips. On the other hand, if the daily trend for the EUR/USD has been downward, then after 2 pm a retracement of 20-30 pips higher is often observed.

By checking the market or checking the charts in the New York afternoon around 2 pm Eastern time, a new and even an inexperienced trader may recognize this pattern and then safely execute a high probability trade. If a person is available to trade at this time of day on a consistent basis, they could expect to gain an average of 10 or more pips a day with a fair amount of ease.

In closing, I must state the obvious disclaimer - that trading forex is a risky endeavor with no guarantees. Always trade with caution and never trade more than you can afford to lose. Spend time observing the market to recognize its patterns so you may make smart, high probability trades and minimize risks.

Analysis for the Professional Forex Trader 2010

2010-01-08T01:53:00.000-08:00

1) Read charts the way professional Forex traders do
2) Determine support and resistance and how it will affect your Currency Pairs
3) Use trend lines to predict better trade exit points in combination with S&R.
4)Increase the probability of creating profitable trades, each and every time you hit the order button.
The Technical Analysis 1 is part of the “Professional Forex Trader Library”-entire Forex education in one package!

Product Description
Learn the charting secrets the Pro Forex Traders use!

Technical Analysis for Forex offers many insights into how the Currency market works. You will benefit greatly from a good foundation in each type of insight and, perhaps, a specialty in one or two. This course is designed to teach you classic Technical Analysis and form a rock solid decision support program, the foundation for everyone when it comes to trading.

You will learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits. Mike Mc Mahon will take you through the steps to creating high probability FX trades, using Charts, Trend lines, Support & Resistance and combining them so you have a clear picture of price, time, volume and the market expectations.

The Technical Analysis 1 is part of the “Professional Forex Trader Library”-entire Forex education in one package!

Technical Analysis I for the Professional Forex Trader 2010

Latest Forex Market Analysis

2010-01-08T01:42:00.000-08:00

The EUR USD opened the New York Session sharply higher following the release of better than expected economic reports out from France and Germany. The reports showed surprise improvements in French manufacturing and German services. This news set the table for a spike to the upside until Fed Chairman Bernanke declared that the U.S. economy was on the verge of emerging from the recession. His statement sent equity markets and the Dollar soaring putting downside pressure on the Euro.

Bernanke’s comments also helped weaken the GBP USD. The British Pound was trading slightly higher early in the trading session as it piggy-backed the move in the Euro. Fundamentally this currency pair remains weak because of the growing U.K. deficit and expansion of the Bank of England’s quantitative easing program.

FOREX versus Futures Market

2009-12-29T21:43:00.000-08:00

There are several factors to consider when choosing between forex trading and futures contracts. We will review a few of these in this section.

Futures, the Futures Market and Futures Contracts

The origins of today's futures market lies in the agriculture markets of the 19th century. At that time, farmers began selling contracts to deliver agricultural products at a later date. This was done to anticipate market needs and stabilize supply and demand during off seasons.

The current futures market includes much more than agricultural products. It is a worldwide market for all sorts of commodities including manufactured goods, agricultural products, and financial instruments such as currencies and treasury bonds. A futures contract states what price will be paid for a product at a specified delivery date. When the futures market is played by speculators, the actual goods are not important and there is no expectation of delivery. Rather, it is the futures contract itself that is traded as the value of that contract changes daily according the market value of the commodity

When the futures market is played by speculators, the actual goods are not important and there is no expectation of delivery. Rather, it is the futures contract itself that is traded as the value of that contract changes daily according the market value of the commodity.

In every futures contract there is a buyer and a seller. The seller takes the short position and the buyer takes the long position. The futures contract specifies a buying price, a quantity and a delivery date. For example: A farmer agrees to deliver 1000 bushels of wheat to a baker at a price of $5.00 a bushel. If the daily price of wheat futures falls to $4.00 a bushel, the farmer's account is credited with $1000 ($5.00 - $4.00 X 1000 bushels) and the baker's account is debited by the same amount. Futures accounts are settled every day.

At the end of the contract period, the contract is settled. If the price of wheat futures is still at $4.00 the farmer will have made $1000 on the futures contract and the baker will have lost the same amount. However, the baker now buys wheat on the open market at $4.00 a bushel - $1000 less than the original contract, so the amount he lost on the futures contract is made up by the cheaper cost of wheat. Similarly, the farmer must sell his wheat on the open market for $4.00 a bushel, less than what he anticipated when entering the futures contract, but the profit generated by the futures contract makes up the difference.

The baker, however, is still in effect buying the wheat at $5.00 a bushel, and if he hadn't entered into a futures contract he would have been able to buy wheat at $4.00 a bushel. He protected himself against rising prices but he loses if the market price drops.

Speculators hope to profit by the daily fluctuations in the futures market by buying long (from the buyer) if they expect prices to rise or by buying short (from the seller) if they expect prices to fall.

FOREX

The foreign exchange market (FOREX) has several advantages over the futures market. FOREX is a more liquid market – as the largest financial market in the world it dwarfs the futures market in daily exchanges. This means that stop orders can be executed more easily and with less slippage in the FOREX.

The FOREX is open 24 hours a day, 5 days a week. Most futures exchanges are open 7 hours a day. This makes FOREX more liquid and allows FOREX traders to take advantage of trading opportunities as they arise rather than waiting for the market to open.

FOREX transactions are commission-free. Brokers earn money by setting a spread – the difference between what a currency can be bought at and what it can be sold at. In contrast, traders must pay a commission or brokerage fee for each futures transaction they enter into.

Because of the high volume of trading FOREX transactions are almost instantly executed. This minimizes slippage and increases price certainty. Brokers in the futures market often quote prices reflecting the last trade – not necessarily the price of your transaction.

The FOREX is less risky than the futures market because of built-in safeguards in the trading system. Debits in futures are always a possiblility because of market gap and slippage.

Top Five Economic Indicators that Drive Forex Trading

2009-12-29T21:41:00.000-08:00

There are many factors that affect the Forex trading. When learning to trade on the Forex is it important to know and understand the various factors that cause the Forex to fluctuate from day to day. The foreign exchange market will change depending on the several economic factors that play a role in the movement of currency.

When looking at the Forex, economic factors and indicators are released by the government or by private organizations that can look in depth at economic performances. The economic performances from any country can be analysis by these indicators. The economic reports measure a country’s economic health, in addition to government policies and current events.

Most of the time, a reputable broker can look at economic indicators and can give advice on which trades will be the best. Reports on these indicators are released at scheduled times and can tell if a certain country is experiencing improvement in the economy or if it is on the decline. When the prices fluctuate, a great deal one way or the other, the price can be affected.

One of the top economic indicators used when analyzing the Forex is current events and the state of the economy in any given nation. Factors such as unemployment numbers, housing statistics and the current state of a country’s government can all affect the changes in the Forex. When a country is feeling good about the current state of affairs in their country, the prices of the Forex will reflect this. When a nation experiences political unrest, large amounts of unemployed workers and inflation, the rate of the currency will also be reflected. Sometimes, this indicator tends to be overlooked, but can serve as an important gauge in the fluctuations of the Forex.

Another economic indicator that is used when looking at the foreign exchange market is the gross domestic product, also called the GDP. This is normally considered the widest and broadest measure of the economy in a country. The gross domestic product represents the total market value of all goods and services that are normally produced within any given country. This is usually measured in the time frame of a year, and not in weeks or months. Using a larger time period gives good statistics on the products and services that are produced in the country. This indicator is not used alone when forecasting the Forex. Usually the gross domestic product is considered a lagging indicator, meaning that is a measurable factor that changes after the economy has already began to follow a certain trend.

The third economic factor that is often used in analyzing the Forex is the retail sales reports. This is the total receipt of all retail stores in any country. Usually, this measurement is not every single retail sale, but is a sample of diverse retail stores throughout the country. This is considered a very reliable and important economic indicator because of the consumer spending patterns that are expected throughout the year. This factor is usually more important that lagging indicators and give a clear picture of the state of the economy in any country.

The industrial production report is another reliable economic indicator in the foreign exchange market. This shows the fluctuation in productions in industries such as factories, minds, and utilities. The report looks at what is actually produced in relation to what the production capacity can be over a period of time. When a country is producing at a maximum capacity in this way, it can positively affect the Forex and is considered ideal conditions for traders.

The last important economic factor in analyzing the Forex is the consumer price index or the CPI. The consumer price index is the measure of the change in the prices of consumer goods in 200 categories. This report can tell whether or not a country is making or losing money on their products and services. The exports that a country has are very important when looking at this indicator because the amount of exports can reflect a currency’s weakness or its strength.

The Forex is affected by many factors. These factors usually follow a certain trend so it is important to understand how each factor works in forecasting the Forex. Some are good indicators alone while others should be used together for accurate Forex predications.

Forex vs. Stocks

2009-12-29T20:45:00.000-08:00

Forex Market Comparison

Advantage

Forex Market

Stock Market

Trade Around the Clock

Yes

Limited

Pay No Commissions*

Yes

Limited

Unlimited Short-selling

Yes

Market Information Easily Available

Yes

Trade Around the Clock

The forex market is a near-seamless 24-hour market. Subject to available liquidity, FXCM offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (FXCM Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

Pay No Commissions*

In the forex market costs are confined to the bid-ask spread. FXCM charges no commission or additional transaction fees, and its customers trade on spreads provided to FXCM by some of the world's largest banks via the FX Trading Station. In the stock market, “no-fee” programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.

* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader. For additional information click here.

No Uptick Rule

Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.

Forex Market Information Easily Accessible

Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.

We feel that the knowledge you've gained in analyzing stocks can easily be transferred to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well to many of the common technical indicators, such as MACD, RSI, and Candlestick charting.

To learn more about transitioning from trading equity markets to trading in the Forex market, contact the FXCM staff today at 888-503-6739.

High Risk Investment

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Profitable Forex Trading System

2009-12-28T07:44:00.001-08:00

In this article we will look at a free system that's used by some of the world's top traders and it's proven to make profits. If you use this system you will beat 99% of the forex trading systems sold by vendors online, so let's look at it.

The forex trading system were going to look at was devised by a trading legend - Richard Donchian who is considered the father of modern trend following and is considered a trading legend and has influenced such great traders as Richard Dennis and countless others.

The system is Richard Donchian's 4 week rule.

He originally devised it to trade commodities in the seventies but it's very useful for forex trading because it works well in trending markets and forex markets are great for long term trends. The system is incredibly simple but don't let that put you off, it makes money! The system is very robust and based on timeless logic.

It's a well known fact that the best forex trading systems are simple, as they are more robust than complicated ones that have too many elements to break.

Here are the rules:

1) Close short positions and go take a long position when a price exceeds the highs of the previous 4 weeks.

2) Close long positions and take a short position when a price falls below the lows of the previous 4 weeks.

Thats it!

Now the above will work very well in any trending market but in sideways markets it will get chopped about so you may want to consider a filter to take this into account.

The filter is to enter on the 4 week rule - but exit the position on a shorter time frame and go flat. 1 or 2 week cycles could be used for this; you would then simply re enter on the next 4 week signal.

Now you can test the above system and you will see it works but most traders wont bother using it - Why? Because it takes tremendous discipline to execute it and it's not a system that is particularly worried about price entry levels and most traders are obsessed with this.

It's also very often buying breakouts and most traders hate doing this because they would rather wait for the pullback, this is despite the fact most major trends start from new market highs NOT market lows.

Another problem is traders think it's too simple and prefer trendy systems which are more complicated (which don't work) this system doesn't have the buzz factor of being based on artificial intelligence or a neural network despite the fact it will beat most if not all of them longer term.

The pro traders however know its value and many systems by the great traders over the years have used it as a base - including the legendary turtle traders, who made $100 million in 4 years, with no prior trading experience. So yes it is simple but that doesn't mean it doesn't work it does.

Test it and you will see, so now you have a free forex trading system which since inception, has made traders hundreds of millions of dollars and could make some profits for you to.

A Profitable Forex Trading Strategy

2009-12-28T07:37:00.000-08:00

Is the candlestick pattern a profitable Forex trading strategy? Candlesticks patterns were first used in Japan five centuries ago in the Dojima rice exchange. Today, it has become a popular tool for foreign exchange traders to predict currency trends. The system provides data on past and present trading patterns that are used in forecasting movements of various currencies.

The Forex market is a good source of income for people who know how to accurately read currency trends. Because of numerous Forex software and programs that are readily available nowadays, more and more people are given the opportunity to engage in foreign exchange trading. One of tools that have helped people earn money in the currency market is the candlestick pattern.

Before employing candlestick pattern trading, aspiring traders must first know enough about it. There are many kinds involved here and choosing the right one needs some thought. But for the many that are already into candlestick trading, he 30-minute candlestick chart seems to be the best of the lot and they counsel that before engaging in a trade, one must see to it that the pattern has been completed. There is danger in going ahead without getting the final picture first.

There is what traders call the engulfing candlestick patterns. This pattern is considered more reliable than others and the most profitable to use. The term "engulfing" refers to a market situation where the current candle engulfs the previous one. The engulfing patterns consist of the bearish engulfing and bullish engulfing patterns. Both patterns can tell traders which direction a currency will most likely to go after the pattern is completed. The engulfing bullish patterns form when price levels of certain currencies are at their lowest points while bearish patterns will occur when the prices are at their peak.

How does one effectively use candlestick patterns to increase chances of earning? The engulfing patterns actually tell what currencies are on the downward or upward trend, which can provide a trader an accurate idea of when to trade. The best times are when there are strong indications that the trend is running its course. The trend may not be that strong but the candlestick chart must provide evidence that the trend is definitely coming to an end. In this case, the candle will have grown smaller.

What exactly do traders need to see in the candlestick pattern that will let them start trading? When traders see an up candle engulfed by a down candle immediately following it, it means that there is an upward trend and a short trade is advisable. The downward trend works under the same principle.

A profitable Forex trading strategy using candlestick patters entails timing and analysis, but it can certainly make money for traders.

Forex Brokers Comparison

2009-12-28T07:36:00.000-08:00

Forex Broker Comparisons^1.0 is a free, unbiased service that compares Forex Brokers' strengths and weaknesses and other details. Forex Broker Comparisons does not offer trading advice and is not responsible for which broker you invest capital into. The information in any of our articles or comparisons is subject to change at any moment. If you need to compare Forex Brokers, this is the site for you! The information on this list is subject to change at any time, please contact us with any errors or omissions, we'll be happy to update the list.

Even though we base our comparison list on a few factors, there are many other criteria you need to consider when choosing a Forex broker that will fit your specific needs and trading style. This list simply is a starting point for you to use, especially if you are new to Forex trading. You can always go discuss any Forex broker you have questions about at Forex Forum broker forum, no question is too silly, it can save you money!

Detailed Information To Know About This List When Comparing Forex Brokers:

Forex Broker Comparison List (Sortable)

Forex Broker	Min Deposit	Commission	Max Leverage	E-Gold?	MT4?	Since
Forex Club	$10	$4/100k	--	N	N	2000
Saxobank	$10	$4/100k	--	N	N	2000
Man Financial	$10	$4/100k	--	N	N	2000
FxPro	$10	$4/100k	--	N	N	2000
HY Markets	$10	$4/100k	--	N	N	2000
dbFX Deutsche Bank	$10	$4/100k	--	N	N	2000
Western Capital Forex	$10	$4/100k	--	N	N	2000
Forex Club	$10	$4/100k	--	N	N	2000
Easy-Forex	$50	N	???	N	N	2001
iFOREX.com	$100	N	400:1	N	N	1996
Hotspot FX	$7500	$3/100k	50:1	N	N	2000
Forex.com	$250	N	200:1	N	N	1998
CMC Markets	$2000	N	100:1	N	N	2003
FXCM	$300	N	200:1	N	N	1999
FX Solutions	$250	N	400:1	N	N	1995
Realtime Forex	€2500	N	50:1	N	N	2001
Interactive Brokers	$5000	$2/100k	50:1	N	N	1998
Oanda	--	N	50:1	N	N	2001
MG Forex	$200	N	400:1	N	N	2000
CBFX	$500	Y	100:1	N	N	2001
GFT Forex	$250	N	400:1	N	N	2001
EFX Group	$400	$5/100k	100:1	--	N	2000
MB Trading	$400	Y	100:1	N	--	2002
LiteForex	$1	N	500:1	Y	--	2004
FX Cast	$1	N	400:1	Y	Y	2005
Dukascopy	$50,000	N	--	N	--	2004
FX Open	$1	N	500:1	Y	Y	--
Marketiva	$1	N	--	Y	N	2005
Swissnet Broker	$200	N	--	N	--	2005
Ava Fx	$100	N	200:1	Y	N	2006
Real Trade Group	$20	N	--	Y	Y	2003
Money Forex	$250	N	???	N	N	--
Forex Web Trader	$250	N	--	--	--	--
IFC Markets	$1	N	--	--	--	--
North Finance	$100	--	500:1	N	Y	2003
INTERBANK FX	$250	--	200:1	N	Y	2001
GFX (Forex.ch)	$2000	--	--	N	Y	2006

Euro Vs US Dollars Predictions

2009-12-25T00:46:00.001-08:00

We all know that it's difficult to predict where any currency exchange is going, not to mention the Euro Vs. US Dollars rate since these two currencies represent the 2 biggest economic blocks in the world. However, I will try simply because I believe that there's a lot of money to be made, and lose in trading of this forex pair. Indeed, I believe that some people are going to lose their shirts in the near future.

Anyone who has followed the Forex market in the past few weeks has noticed that the us dollar has plummeted versus the Euro. In fact, the Euro has recently broken records high, and the dollar is crashing against all major currencies in the world. This is due to the financial crisis which the US is facing and which leaves a great deal of uncertainty over the markets.

What will happen between the Euro and the American Dollar?

In the past week I've heard many people say that the worst has passed, and that the dollar will now strengthen gradually. I believe this is false and that these people will lose a lot of money. As far as I can tell, the economic indicators support the continuing strengthening of the euro versus the dollar:

The European economy has been least affected by the current crisis in the US financial sector
The European interest is much higher than the American, and while the Fed will likely continue to lower interest rates in the near future, the European central bank shows no signs of following suit.
We have likely not seen the last repercussion of the financial crisis in America

All of these things say one thing: The euro will become stronger Vs. the US dollar, and not the other way around. I would hold a position on the Euro. It will likely continue to make profit in months to come.

Top 150 Online Forex Brokers

2009-12-25T00:37:00.000-08:00

Based upon average web site rankings from Alexa, Compete and Quantcast and number of individual forex trader ratings world wide

Granted, web site popularity is probably not the best way to determine the popularity of an online forex broker. Using total number of individual retail accounts as the measure would probably be better but that information is not always available so we have gone with a combination of web site popularity and the number of ratings given Internet wide by individual traders. Going forward on an annual basis, we will also track whether a forex broker is moving up or down the rankings and how much.

Popularity Rankings are presented for informational purposes only. Best Online Forex Brokers does not recommend online forex brokers based solely upon popularity.

Note: Some brokers offer other trading and investments (options, futures, stocks, etc.) which tends to raise their ranking.

Broker Name (Alternate Name)	Web Site
1. Forex Capital Markets (FXCM) 2. Oanda (FXTrade) 3. Global Forex Trading (GFT Forex) 4. FX Solutions (FX Sol) 5. Advanced Currency Markets (ACM) 6. Interbank FX 7. Capital Market Services (CMS Forex) 8. Interactive Brokers 9. Easy Forex 10. MB Trading	fxcm.com oanda.com gftforex.com fxsol.com ac-markets.com interbankfx.com cmsfx.com interactivebrokers.com easy-forex.com mbtrading.com
11. Saxo Bank London (Saxo Bank) 12. GCI Financial (GCI Trading) 13. FXDirectDealers (FXDD) 14. Dukascopy Swiss FX (Dukascopy) 15. Marketiva 16. GAIN Capital Group (GAIN Capital) 17. Forex Club (FxClub) 18. CMC Markets 19. MG Financial Group (MG Forex) 20. ForexGen	saxobank.com gcitrading.com fxdd.com dukascopy.com marketiva.com gaincapital.com fxclub.com cmcmarkets.com mgforex.com forexgen.com
21. GFX Group (GFX) 23. ODL Securities 24. Deutsche Bank (dbFX) 24. TradeStation Securities 25. iForex 26. MIG Investments (MIG Fx) 27. FXOpen 28. AVA FX 29. Alpari IDC (Alpari) 30. Questrade Inc. (Questrade)	forex.ch odlsecurities.com dbfx.com tradestation.com iforex.com migfx.ch fxegypt.com avafx.com alpari-idc.com questrade.com
31. ForexWebTrader 32. Delta Stock 33. MoneyForex Financial (Money Forex) 34. FOREX YARD (FOREXYARD) 35. Admiral Markets 36. IG Markets 37. LiteForex (Lite Forex) 38. Finotec Trading Inc. (Finotec) 39. thinkorswim 40. E*Trade Financial (ETrade Prof.)	forexwebtrader.com deltastock.com moneyforex.com forexyard.com fxservice.com igforex.com liteforex.org finotec.com thinkorswim.com etradeprofessional.co.uk
41. Realtime Forex SA (Realtime Forex) 42. IFC Markets 43. Windsor Brokers, Ltd. 44. Real Trade Group 45. Pro Finance Group Inc. (PFGFX) 46. HY Markets 47. Neuimex Direct Dealing (Neuimex) 48. InterBank Group 49. The Royal Bank of Scotland (RBG) (formerly ABN AMRO) 50. Dealing24 (formerly PRO-FOREX)	realtimeforex.com ifcmarkets.com windsorbrokers.biz realtrade.lv pfgfx.net hymarkets.com neuimex.com interbankgroup.com marketindex.rbs.com/uk dealing24.com
51. eToro 52. Foreign Exchange Clearing House 53. Ikon Global Markets (IkonGM) 54. Pip Forex 55. Infinity Futures FX (fomerly ProEdge FX) 56. Forex Capital Trading (ForexCT) 57. PFG BEST 58. X-Trade Brokers (XTB) 59. FIBO-FOREX.LT 60. Tradex Swiss AG	etoro.com forex-swiss.com ikongm.com pipforex.com infinityfutures.com forexct.com pfgbest.com xtb.com fibo-forex.lt tradexfx.com
61. Fx Direkt Bank AG (FxDirekt Bank) 62. Master Forex 63. Fxcast 64. MF Global Ltd (Man Financial) 65. SpeedTrader 66. Advanced Markets 67. Noble Trading Worldwide 68. Apex FX Trading 69. FX \| Clearing (FX Clearing) 70. Capital Forex	fxdirekt.de masterforex.org fxcast.com mfglobalforex.com speedtrader.com amifx.com nobletrading.com apexfxtrading.com fxclearing.ca capitalforex.com
71. Swiss International 72. FxPrice LLC (FXPrice) 73. TradeFreedom Securities Inc. 74. AvailTradingCorp. (ATC Brokers) 75. Akmos Trade 76. FastBrokersFx 77. Halifax Online (HalifaxOnline) 78. ICAP 79. Trading Intl., LLC (Forexecutor) 80. Investment House International	swissfs.com fxprice.com tradefreedom.com atcbrokers.com akmos.com fastbrokersfx.com halifax.iitech.dk icap.com tradingintl.com ihifx.com
81. My Private Trade (MyPrivateTrade) 82. NTWO Capital Market (N2CM) 83. Cantor FX (formerly BGC FX) 84. KVB Kunlun 85. Advised Trading (AT Switzerland) 86. Global Futures Exchange & Trading 87. Fx-Pro 88. GOForex (formerly Pacific Trader) 89. ATG Marketplex (Aaron Trading) 90. FXTSP	hi.myprivatetrade.com n2cm.com cantorfx.com kvbkunlun.com advisedtrading.com globalfutures.com fx-pro.com pacconsec.com.au aarontrade.com fxtsp.com
91. Global Forex 92. FCMarket 93. FXOnline Japan Co., Ltd (FXOnline) 94. Treasury Mgmt Svcs (TMS Brokers) 95. ADM Derivatives, Inc. (ADM) 96. Hudson Global Capital 97. STIFX 98. Exto Capital 99. Forex Trading USA 100. FxLite	globalforex.com fcmarket.com fxonline.co.jp tms.pl admd.com hudsongc.com stifxonline.com extocapital.com forextradingusa.com fxlite.com
101. FX Trading 102. Sucden 103. RJO FX 104. Fibo Group, Ltd. (FIBO Group) 105. GFS Forex & Futures, Inc. (GFS) 106. Charter FX (CFX) 107. ApexForex 108. GNI Touch 109. Murphy & Williams Financial Group 110. Loyal Group Limited	fxtrading.com sucden.co.uk rjofx.com fibogroup.com gfsforex.com charterfx.com apexforex.com gnitouch.com mwheadway.com loyal-group.com
111. Premier Investments (FXPremier) 112. Forex.ca 113. Finmarket 114. Thales Securities 115. AbleTrend 116. T & K Futures (Uplimit) 117. Plauski Financial Group 118. WH SelfInvest Ltd 119. Market Forex 120. InterForex Inc.	fxpremier.com forex.ca finmarket.com.ua thalessecurities.com uplimit.com uplimit.com plauski.com whselfinvest.com marketforex.net interforex.net
121. Cortal Consors 122. MadaFX 123. Forex Arabia 124. Investscape, Inc. 125. Swiss Finance Corporation (SFC) 126. finlot 127. Titan Financial Group Ltd. (TFG Ltd.) 128. Akforex 129. City Credit Capital Wholesale (CCCapital) 130. Top Star Development Co., Limited (TSD)	cortalconsors.com madafx.com forex-arabia.com investscape.net sfc-uk.com finlot.com titanmoneytrading.com akforex.com cccapital.co.uk topstar-development.com
131. Currency Trading USA 132. FXA Securities Ltd 133. AL Trade (al trade) 134. MVP Financial 135. ActivTrades 136. Friedberg Direct 137. Rosenthal Collins Group (RCG fxtrader) 138. ECNbroker 139. bpforex 140. Spot Trader FX	currencytradingusa.com fxasec.com alforex.com mvpglobalforex.com activtrades.com friedbergdirect.ca rcgfxtrader.com ecnbroker.com bpforex.hu spottraderfx.com
141. GIFG (Jordan) 142. GTL Trading (formerly Global Tradewaves LTD) 143. FOREX Ltd 144. Manduca Trading LLC 145. NordMarkets 146. Mandus Invest 147. Forex Signs, Inc. 148. MFN Group 149. TADAWUL FX 150. Dif Broker	gifgjo.com gtltrading.com forexltd.co.uk manducatrading.com nordmarkets.com mandus-forex.com forexsigns.com mfngroup.com tadawulfx.ch difbroker.com

Euro Key Level Economic News Release Trading Strategy

2009-12-21T01:27:00.000-08:00

Forex traders know the importance of economic news releases and how that effects the exchange rate. A positive or negative news announcement in the US morning session can send the EUR/USD rate up or down extremely fast! One way to capture these large moves is to use ENTRY STOP ORDERS.

Entry stop orders are an excellent way to get into a trade long or short AUTOMATICALLY. Often if the market is moving extremely fast (due to an economic news release or geopolitical event) and you want to get into a trade, it
is extremely difficult to get the price you click (live market order) because the exchange rate is moving up or down so fast. It is like trying to jump on a train that is moving at full speed.

An entry stop buy or sell order places an order with the dealing desk of your Forex clearing house to execute your order when the exchange rate touches the level you set the order at. The CMS VT platform guarantees that these types of orders will be filled.

The following link outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of A-D. A denotes very important down to D with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast.

Click Here for the Yahoo Finance Economic Calendar:

http://biz.yahoo.com/c/e.html

1. Check the economic Calendar

2. Set your entry stop buy or sell at a key level 15-30 minutes before the announcement is released. Set your stop and limit on your order by right clicking the order when it appears on your VT platform.

3. You can also "straddle" the price movement by placing a long and short entry stop or sell order (and subsequent stops) if you aren't sure which direction the news release will send the price.

The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team.

This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System. The Euro Fractal Trading System also teaches how to use key price levels to take entry and exit positions, thus taking the guesswork out of trading.

Top 5 Forex Trading Robots

2009-12-18T00:47:00.000-08:00

Forex trading robots make your Forex trading experience easier. They help to take away a lot of the 'manual hassle' of constantly updating, buying and selling. They make observed predictions of the way your Forex pairs will go, and automatically make the sale or buy for your account (also known as an 'automatic Forex trading system). Not all Forex trading robots are of the same quality, though, and by making a poor choice you could lose your Forex trading account. Here are some of the more dependable and well-liked Forex trading robots:

The 200 EMA (Exponential Moving Average) is the staple of nearly all Forex traders diets. It's an easily accessible trading robot that is clearly marked and easy to manipulate. It's also usually the first one that many new to Forex trading begin with- without getting intimidated.

The Bollinger Band System is used to monitor how large or quiet a leap the Forex market takes or trends go, by using visual 'bands' that show increases or decreases. More advanced traders use them for more than monitoring and have tricks to use them to help them build their Forex account.

The RSI (Relative Strength Index) is exactly what the name implies: it shows you when something is over-sold or over-bought, and indicates the probable trends. When the RSI rises, it's over-bought and lower is over-sold. A simple system for a clear and valuable guage.

The MACD (Moving Average Convergence Divergence) is a good Forex trading robot for longer-term, more careful choices within your Forex trading. It has the potential to help boost profits immensely, but it isn't as risky as other Forex robots because it's spread out over more time.

The Fap Turbo is a newbie in the line of Forex trading robots, and less expensive with more 'frills,' maybe- but it does pretty much the same job as the MACD. The main difference is that you have more options for streamlining for your Forex trading purposes.

There they are, the top 5 in Forex trading robots. These are the basic tools anyone looking to even test out Forex trading should have.

How Does the Forex Trading System Work in the U.S.?

2009-12-18T00:46:00.000-08:00

There's so much gobbledegook involving Forex. A lot of confusion surrounding the Forex trading system, how it works and what it actually is. Investment, similar to the stock market? More- or less- complicated? How can you trade in currency? Does anyone actually make a profit? Can I become a Forex trader? Here are some simple basics of the Forex trading system in the U.S.:

The Forex Trading System: The Forex (Foreign Exchange) market is based on currency pairs that get bought and sold online internationally. It might seem like a strange idea to invest in a country's economy, but many traders are successful. The currency pairs are pre-designated (the U.S. dollar to the Swiss franc, for example) and the USD is used as the Forex base of trading.
Forex Is Accessible: The stock markets of each country are still holding strong, but the main reason Forex has exploded onto the investment scene is because it's so accessible. You trade internationally online, it's virtually 'open' 24 hours a day- and the start up can be as little as a few hundred dollars. These smaller accounts (known as minis or micros) can be opened by anyone who has an interest in Forex trading..
Forex Is User-Friendly: Getting started with Forex trading in the States is completely easy. Almost any introductory information is online, with the trading platforms offering tutorials, feedback with experts and demos of Forex trading to give you a feel for how the Forex market works- without losing any money. There are a lot of trader-friendly automated Forex trading programs and robots that make it even less complicated for starting out.
How Forex Works: You decide on a pair of currencies, and you follow their economies and markets to see trends in the values. You buy or sell according to how you assume the trend will go, and the difference between the two amounts is either your profit or your loss. To help you figure out whether or not to sell, you've got indicators and charts to use, and expert brokers that can walk you through the Forex trading system in the U.S...
Forex and Profits: Forex trading in the States is an investment market, which means there's always risk involved. There are many successful traders that not only make a living trading in Forex, but a large profit. The biggest mistake that new Forex traders make is thinking they're going to be instantly rich- it takes time to learn the Forex trading system, and what does or doesn't work...

The Forex trading system has grown so quickly in the U.S. as a popular investment because it's finally available to the average investor, it can be done from anywhere in the world and it's one of the least complicated investment systems that exists.

Top Tips For Choosing a Reputable Broker

2009-12-18T00:45:00.000-08:00

There's always a slight paranoia involved in choosing a broker. It doesn't matter if your past experiences have been good or bad, or whether it's your first time: these people are dealing with your money. It's a difficult decision to make. When you're looking for a good Forex broker, there are a few things you should keep in mind and compare before deciding:

Ask friends and colleagues who they use. You more than likely know someone who's involved in Forex trading. Ask them for broker tips or even contacts. Word-of-mouth is one of the most trusty sources of advertising.
Look around locally or online. If you feel more comfortable with a face-to-face, then find a local broker for Forex. Many brokers work online, though, and it can make communication easier and faster- especially for those quick trades.
Check out their demo trading platforms. It's not an absolute guarantee that if you like the demo, it'll be the same that they offer- but typically this is a good gauge of presentation and what they offer. It gives you a feel for the broker's professionalism and experience.
Look at the broker's forums. When clients are unhappy, they voice it. When they're earning money, thanks to their broker, they're telling others. The forums can give you a sense of the style of Forex trading that's done by the broker, and also how you will be treated if you choose to become a client.
Look at what is offered by the broker. How much will your minimum deposit have to be to start Forex trading with the broker? Do they charge a reasonable commission? How do they manage the security of your deposit? Which pairs do they offer for your Forex trading? What are the spreads? How does their particular trading platform work, and are there any limitations? What are the limits to the leverage? Getting all of the answers you need, before you sign up with a broker, is one of the best ways to choose a reputable broker.
Be wary of scam artists. It seems like the internet is full of scam artists, and the Forex broker's scene is no different. Do remember, though- most are legitimate. Look at the quality of the site; the offerings compared to what they ask you to pay; and do research on their legitimacy if you're still unsure. Forex trading is risky enough without having a bad broker.

These are the tips for finding a reputable, perfect Forex broker. Once you find that unbeatable match, you'll start trading both comfortably and successfully. With mutual trading satisfaction.

Forex Killer Secrets Has the Key to Your Forex Success

2009-12-18T00:43:00.000-08:00

There's a lot of hype about the Forex market, and with good reason. It's one of the hottest investment markets around. It's also easy for the average investor to get involved in, with very little start up money. What makes Forex so interesting today is that you can access your account from anywhere in the world. The international Forex market is open 24-hours a day, 7 days a week- and it's no longer an investment market for the elite. To succeed in Forex, you need the inside scoop on Forex secrets, Forex strategies and what to watch out for.

The Forex market is still an investment market, which means you are taking some minimal risks if you don't know what you're doing. Using the best of Forex secrets gives you an edge when you're planning your Forex investment strategy. Being aware of the pitfalls and the latest technology, how to use it and what you need exactly to succeed will give you the tools you need in the Forex market to be one of the lucky investors that profit. Who knows, you may even be able to quit your day job after getting the hang of Forex trading.

Forex Killer Secrets offers you all of the information you'll need when you're starting out in the Forex market, with helpful tips and full disclosure of Forex secrets to success. Getting involved in one of the most exciting ways to invest your money, without the huge headache of typical investment markets, is the best way to go. Using the ideal Forex strategy for you will help you get the most return for your initial investment- with the least risk. The Forex market needs some background and research- it's all here, at the tip of your fingers. Check out the articles here to get started, and begin profiting in the Forex market today.

Best Forex Strategy to Make Money in the Markets

2009-12-12T07:42:00.000-08:00

Of course the worst method of trying to make money in the Foreign Exchange Markets (Forex or FX) is not to make money at all, but lose it. There are so many easy ways to make big money, I have no idea why people lose money, it is just too bad. The best Forex strategy is what I call a "Triple Header Confirmation of Forex Indicators." This is a little complicated to follow if you are new to the markets; I will first inform you of some sure fire methods that don't even require you to think to start racking up profits daily.

The first Forex strategy is taught in a currency course named Forex Made E-Z. I found this FX program a few years ago and have been churning out profits with it ever since. It is without question the easiest to understand and simplest to use. Don't worry if you don't know anything about the currency markets, all you have to do is follow what the instructor tells you in this course and you willmake money.

All you do is at two certain times of the day is look at one little thing, if it tells you to buy, you buy. If it tells you to short, you short. If you don't know what short means, again don't worry, he will teach you in the course. It is really effortless. This Forex strategy is called Forex Scalping, which means you get in and out of the market very quickly. This is very good for new investors because it is a few low risk technique. Because it is low risk, does not mean it is not rewarding. Quite to the contrary, since it rarely produces losing trades over time your profits build up very nicely.

The next one I am going to tell you about is not really a strategy; it is just a very easy way to make big money. There is this Forex mentoring program called the Forex Brotherhood. It is taught by a professional Forex investor. You get a great education of the markets with this class, but I have been trading Forex for ten years, I know too much to get me in trouble already.

But, I maintain my membership because you are allowed to trade in real time the same trade the Pro instructing the course is doing. You don't even have to think, just do what he does and you make thousands each month. How much easier does it get than that?

A Forex trading strategy mentioned above does not even require you to think or to know anything about the currency markets to make money. Just do what they do or tell you to do and your entire life style will change. Because you will be rolling in it! Don’t believe me, try it out for yourself, each of these Forex courses are really inexpensive, what do you have to lose.

Best Forex Strategy to Gain 90% of your Trades

2009-12-12T07:39:00.000-08:00

This best forex strategy which I am about to tell you was formulated as an improvement to the innovative midnight breakout strategy, but you can also use it to trade on its own or together with the rest of other forex strategy. The initiative here is to separate a large part of untrue breakouts in your trade either over or under the day to day candles.

The breakout method you should make use of is the daily plus the 5 minutes charts, and you should not include any indicators.

Its entry pattern:

You should make use of the rules gotten from the midnight breakout strategy, and be set to enter a trade once there is a gap on the day to day candle’s low or high. Nevertheless, at this period rather than enter for a buy or sell stop order which is either above or below the day to day candle, you should not place any trade. What you should is to hold back till a real breakout begins to happen. It will be a nice idea if you launch an alarm signal right there on your trading platform which will let you know as soon as the initial breakout gets in place.

As soon as a breakout which is above or below the day by day candle occurs on the everyday charts, what you should do is to launch the 5 minutes charts. At this time, what you should do is to hold back till the price completes its initial approach and begin to retrace back.

Below is the trick behind trading breakouts of the breakouts:

As you watch the 5 minutes chart, spot out the initial extreme layer triggered by the price, it should either be the longest high or shortest low based in the breakout way, and enter using a buy stop or sell stop orders plus an additional 10 pips over or beneath its extreme level. This means, your order will be sparked off when the price sustains its movement objectives. If not, then it was an untrue breakout.

Frequently when the breakout on the every charts have completed, the 5 minutes charts of the initial extreme level exposes the actual nature of that breakout. It is likely that price may not arrive at level again or it could return and make twice the top or bottom pattern and then back.

I hope you have learnt one or two things from this effective forex strategy. You will get the best out of it if you try it out using a demo account.

There is another tool which you can include into your forex trading arsenal bag. The name of this tool is called Fap Turbo. Fap Turbo is a forex trading robot which you can use to automate your forex trading. It has a 95% success rate.

Canadian Dollar (CAD) and Oil

2009-12-07T01:32:00.000-08:00

Oil is the life blood of the industrialized world and thus a highly watched and traded commodity. While oil is often nicknamed "Black Gold", we prefer to call it "Black Crack".

Many countries that produce "black crack" and hold massive reserves of "black crack" tend to benefit from rises in oil prices, including Canada. We like to call these countries the Black Crack Mafia.

Canada is one of the world's largest producers of oil (black crack dealers) and holds oil reserves (black crack stash) second only to Saudi Arabia, which makes Canada very reliant on its most prized commodity. It is also the largest supplier to the world's biggest oil consumer (black crack addict) - the United States. Because oil is such a big part of the US economy, rising oil prices tend to have a negative affect on U.S. equities and the U.S. Dollar.

Wait a minute! Rising oil prices tend to be good for Canada/bad for the U.S., while falling oil prices tend to be bad for Canada/good for the U.S. - how can we play this idea in the Forex markets? Anyone? USD/CAD??? Right! In fact let's take a quick look at a chart overlaying oil prices and the USD/CAD:

As you can see from the chart above, price movements USD/CAD and Oil are inversely correlated from each other - meaning as oil trends higher, USD/CAD tends to trend lower and vice versa.

Since January 1988, USD/CAD and Oil have had about a 68% inverse correlation to each other. This is a pretty strong correlation. As a currency trader, knowing this can add another tool to your toolbox when analyzing USD/CAD and help you make longer term trading decisions.

US Dollar Index and Gold – Where Will It Go Next?

2009-12-07T01:30:00.000-08:00

The Dollar Index and Gold

The Dollar Index has a history, and indeed the charts show we have been at and below current levels before. So now the question is, Will price “Bounce or Break” off of familiar levels?

Looking at the Charts of the US Dollar Index and Gold ETF

US Dollar Index (Symbol DX - eSignal) Monthly and Daily Charts

US - DX: The Monthly Chart (click to enlarge) gives us a text book lesson in Fibonacci retracements and extensions. The Trade Weighted Index made a double bottom which coincides at the 75% Fibonacci retracement level .

Drawing the Fibonacci retracements from the 1993 low to the 1994 high gives us a 38.2 retracement that held the March 2009 high of 89.60 and the 138.2 Extension 0f 70.70.

So this monthly chart looks ominous as a drop to the 1993 lows looks possible.

US - DX: The Daily Chart (click to enlarge) of the US Dollar Index shows the decision point quite clearly. We have extremely strong support at the current level of 76 - which is a 75% retracement of July 2008’s low to the March 2009 high.

78 Would Be Great - 72 What Would You Do?

We can now Bounce or break off of this level - with targets of 78 for a bounce up to the 61.8 Retracement - OR - a drop down to retest the July 2008 low of about 72.

GOLD - GLD ETF - October 9, 2009 Makes Weekly All Time High

GLD - The Weekly Chart above (click to enlarge) shows the GLD Gold ETF shows some text book lessons for technical analysis. The GLD ETF hit a high of 104.15 while spot Gold traded at over $1,060 an ounce.

An inverse Head and Shoulder pattern with a broken resistance “Neck Line” and a Triangle Pattern at the Right Shoulder that is already in play is heading towards the 125% Fibonacci Extension of 108. This would correspond with Spot Gold prices of about $1,100

The Head and Shoulder Pattern has a target at approximately 120, that is convergent with a significant Fibonacci extension of 161.8% This would correspond with Spot Gold prices of about $1,300

The Headline Indicator - Explained

The front page of the Financial Times on Thursday Oct 8, 2009 featured the US Dollar Index “as fear grows over currency”. There is a fundamental-news type indicator that is sometimes quite handy to keep in mind of, the concept being: “If it’s on the front page of the paper and on the lips of people that rarely speak about it… it’s probably over bought - or oversold.

My trading methodology is what I call 90% technical-charting and 20% Fundamental-News but exponentially weighted. (meaning that the fundamental news has a half life of 5-30 minutes for things like GDP reports, and even Non Farm Payroll - Unemployment Numbers).

Headline Surprise - or Expected?

The Headline Indicator has different connotations that traders pick up on after a while. If there is an unexpected event of either extreme negative or positive news that has no precedent, and no one knows just how bad the repercussions can be - then the Headline Indicator may be a catalyst for an extreme move yet to come. However, if Walmart (for example) is picked to be the “Stock of the Year” and it is seen on the checkout line of your favorite shopping place - the likelihood is that it’s made a top.

US Dollar Down - But Not Out!

So, in conclusion: Yes - the US Dollar is being shed - but perhaps it has been punished enough for now, and a retracement is in order. As for Gold, well the paper money has to go somewhere - and hard commodities that are easily exchangeable might just be the new currency of choice for a little while.

The question really is….. Where would you park your money?

GOLD VS. US DOLLAR

2009-12-07T01:29:00.000-08:00

Investors who held $100,000 in cash since 9/11 have seen their buying power decrease by over 30%, as measured by the U.S. Dollar Index. In comparison, over the same period, $100,000 held in U.S. Gold Eagles acquired in 2001 are valued at over $300,000 today. Asset allocation from paper assets such as cash, money markets and mutual funds into physical U.S. Gold provides the investor with protection and diversification against the shrinking dollar, inflation and volatile global stock markets.

* Past performance is not necessarily indicative of future results.

Gold Trading And Forex Trading Can Be A Lucrative Combination

2009-12-07T01:28:00.000-08:00

Combining forex trading with gold trading can be highly lucrative. If you have been following gold prices, you must know that gold prices have reached their historical peak in the recent times.

FOR IMMEDIATE RELEASE

PR Log (Press Release) – Nov 24, 2009 – Combining forex trading with gold trading can be highly lucrative. If you have been following gold prices, you must know that gold prices have reached their historical peak in the recent times. Gold prices recently broke the historical barrier of $1,000 per ounce and now hovering around $ 1,150 per ounce. Market is anticipating a US Dollar depreciation.

Whenever, the markets become jittery, investors start buying gold as a hedge against the US Dollar. Last year, after the stock market crash, many investors started investing in gold as a safe haven against the turmoil in the financial markets. Gold and US Dollar have an inverse correlation relationship. Try these 1500 pips a day forex signals:

Gold and US Dollar are almost near perfect mirror image of each other. US Dollar depreciation during the global financial uncertainty has been the primary reason for the gold appreciation as it is viewed as the ultimate form of money. Gold is also seen as the primary safe haven commodity. Countries like China, Russia and India are converting there US Dollar reserves into gold. This is putting upward pressure on the gold prices. Gold market has been in fact in a secular bull market for the last many years. Try these cash printing forex signals from heaven:

Now the good news, if you are a forex trader or if you have just started trading forex, then you should know this fact that you can also trade gold alongwith forex. The technical analysis basics for both markets are almost the same. The details may vary but if you can trade forex, you can also trade gold. As said before, US Dollar and the gold prices have an inverse relationship so combining forex trading with gold trading can be a perfect hedge. Both compliment each other. Most of the brokers allow gold trading from the same platform that you use to trade forex. If you want to take part in this latest gold rush, you can start trading gold along with forex.

The Successful Traders Plan

2009-12-07T01:24:00.000-08:00

As the old expression goes, most people don’t plan to fail, they only fail to plan. Having a game plan is crucial to your success as a gold trader. You need to understand why you are getting into a position before you decide to jump into a gold trade. You will also need to have an exit strategy before you ever take on a trade. Furthermore, you need to make sure that you follow your plan. Never attempt to take revenge on the market or get into a situation where you beat yourself up over a trade gone badly. There is no room for emotions in the game of trading. Every loss needs to be treated as a learning experience. Here are some helpful tips:

Make some goals for what you want to accomplish

If you are looking for a get rich quick plan, understand that you may find yourself in a get poor quick outcome. Make sure that you have realistic goals for what you want to achieve when you are trading gold. Are you looking to make gold trading a hobby or a professional living? What resources and educational materials are you going to need to acquire and study in order for you to achieve your goals? Be sure to employ proper money management techniques that protect your capital. Like any successful person in life it will take much study and practice to make it to the top and in trading it is only the top percentile that makes any money in this game.

Keep track of your every move

The challenge for all traders is to maintain discipline in their trading plan. A great tool to use is a journal of your trading activity. Weather you use an excel sheet or a paper book to do it, write down every trade you make and also the reason that you made that trade. Over time you will be able to see the progress that you have made as a trader and also be able to recognize further areas for improvement. Once again this all helps you to maintain discipline as a gold trader.

Build your System

Some of the things you will want to incorporate into your gold trading plan are the specific hours you trade in the day, the types of chart analysis that you use, the size of lots that you limit yourself to trading, the percentage of your account that you limit for any given trade. One of the best ways to create a plan is by practicing with a demo account. That way you can test your trading plan before you risk any of your own money.

Top Reasons to Trade Gold

2009-12-07T01:21:00.000-08:00

Over the past ten years there has been a dramatic increase in interest in Gold as a form of investment and safekeeping. Many investors are just beginning to discover the ability to trade gold in the forex market. Prior to the 1990’s the forex market was primarily an exclusive investment vehicle that was dominated by large banks and financial institutions. However, today the ability to trade gold against other currencies and primarily the U.S. dollar is now available to retail investors. That means that you can login and trade gold on a 24 hour basis right from home with your own trading platform. There are a number of advantages to trading gold on a forex platform:

Trade up to 100:1 Leverage

The use of leverage (more buying power) means that you can increase your possible financial gain with a smaller initial risk of funds. For example if you were to open a trade with a risk of $1000 and you used 100:1 leverage, you would be able to trade $100,000 in value of gold through the forex account.

Trade Anytime of the Day

Trading gold in the forex market enables you to trade 24 hours a day during the weekdays between 5:00 pm Eastern time on Sunday to 5:00 pm Eastern time on Friday. The forex market is an international market unlike traditional stock exchange markets which are limited to their specific business hours of trading.

Massive Liquidity

As a trader, one of the most important things to consider before entering any trade is will you be able to exit the trade. Every market trade in any investment requires a buyer and a seller. The forex market is the world’s largest marketplace with over $3.2 trillion dollars of trading activity per day. That is good news for whenever you want to exit your gold trade.

Trade up or down

In forex you can trade gold both up and down. Most people when trading only think in one direction and usually that direction is up. However, as a gold trader with a forex platform you have the ability of trading both for or against the price of gold. In other words if you think that the price of gold is going to go down rather than up you could buy the US dollar against the price of gold.

Before you attempt to risk your own money trading gold in the forex market, there are free demo accounts which forex brokers offer in which you can try out their trading platform and trade with a virtual demo account before you fund a live account.

FOREX STRATEGY- THE MOST SUCCESSFUL FOREX STRATEGY

2009-11-26T01:36:00.000-08:00

The One Forex Rule to Learn to Make a Fortune

So would you like the complete forex trading system to help make you a fortune, will continue to work and has made savvy traders countless millions in profit. Yes I know it sounds to good to be true. So here it is.

We have all heard about the magical Forex trading systems, but lets be honest they have had a bad reputation due to the so called Forex Advisors and junk robots sold with made up track records but the good news is - however this one does work and it, has made money and will continue to work and the best part is that is free.

So here is the system, make up your own mind, paper trade, do what you like with it.We are looking to buy currency on a 4 week breakout, and then hold. Wait until it hits a 4 week low and take out the long position and go short. Always keep a position in the market, by buying and selling new 4 week highs and lows as they occur.

I can't take any credit for this, I just found it and thought I would pass it on. This particular strategy comes from legendary trader Richard Donchian. It has worked for years and more likely will continue to work for many more years.

So you are thinking this is too easy, it must be more complicated sorry to disappoint you it is this simple. Don't change it, don't question it, watch it see it work and make money. The simple strategies are normally the best.

Most people want difficult strategies but they often just confuse people and don't make money.

Forex markets trend long term and most new trends start and continue from new market highs, so as long as markets trend, this simple one rule system, will make gains, get you into and help you make big profits from every major trend.

Now this system is simple but it takes systems, don't try and get in too early just follow the system. Yes it is not that exciting but it will make you money, people have been using this for years and have made millions of dollars profits from this.

Now this system only takes about half an hour per day to use.

Richard Donchian was a legendary trader and his work on channel analysis and the enclosed system (called The 4 Week Rule) have been left by him for all traders to use. Its not often you get something in life for free, that can help you make profits but this system can.

So take a look at it and see how it can get you on the road to Forex trading success.

So if you are trading and would simply like the best forex broker then feel free to visit the CFD FX REPORT, they have trading education lessons, trading strategies, and have recently researched the forex brokes so see who the experts recommend.

The Advantages of Using a Forex Signal

2009-11-26T01:24:00.000-08:00

Playing the currency exchange market can be a scary endeavor which is why, at least initially, you may want to rely on the services of an experienced company that can give you the "heads up" with techniques like a "forex signal." If you have no idea how to use Forex or where to begin, then let these companies help. You may need the help of a broker to assist you in making profits by using the foreign exchange. These profits will depend on the information your broker gives you on certain fluctuations in the currency exchange market.

Forex companies offer something called a "forex signal" which can be delivered to your email or cell phone anytime to inform you of various trading levels. For example the British Pound could suddenly plummet and your Euro is now worth a fortune. This information will be sent immediately to your cell phone as a forex signal and you can now choose what to do. Selling would probably be a idea in this example. Obviously there are more factors that need to be considered, but this is just a basic example of how it works.

With the World Wide Web being such a vast resource to the investment world, you can be certain that many companies out there have been doing this for years, and they have the knowledge needed to make this kind of system work. In the past only large companies and million dollar corporations traded in Forex, but today with the vast array of indicators (like a forex signal) it is now possible for anyone to invest in the forex market in the most intelligent way possible.

Subscribing to a service that provides a forex signal is also helpful because it is a great way of letting you know about any forex changes quickly so that you can act NOW and decide whether to buy or sell. We all know how quickly the exchange rate can change, which is why it is so important to be able to act extremely fast.

Once you are more comfortable with using the Forex and understanding what potentially beneficial outcomes using a forex signal can have, then you will probably be able to more predictably profit from Forex trading. Using Forex is like anything in life: it just takes practice. People are scared of it because they do not understand it, but now with so many resources available to you online there are no more excuses.

If you want to learn more about taking advantage of techniques like the forex signal and how to go about receiving them then you can find plenty of information online, or a broker can help to understand the finer details before you purchase anything. Also, talk to others who have used a forex signal to guide their trading; there are many forex forums out there.

Forex Gold Trading: How To Use Forex To Earn Interest On Gold Bullion And Protect Gains

2009-11-26T01:19:00.000-08:00

I have noticed that many people find this blog by searching for “forex gold trading” and “gold foreign exchange”. I’ll take this as a clue for a post, as it seems that more and more people awaken to the fact that gold is not only a great investment, but a currency in its own right. In fact, gold is a very tradable currency on forex, with a few caveats. I won’t go into the goldbug territory, exposing conspiracies and propheting doom. Instead, I’ll just point out several characteristics that distinguish gold from other currencies and make it a lucrative instrument for online forex trading.

The most important thing about gold is that while all currencies are issued by their respective central banks, gold is not. This gives physical gold its greatest advantage: the lack of counter-party risk. There isn’t a group of people able to permanently affect the value of physical gold. Only short term manipulations are possible. This also makes gold the only inflation-protected currency in the world. However, note the deliberate use of the word “physical”. The above does not apply to forex gold. What you get under the ticker #GOLD in your forex platform is your broker’s IOU, likely backed by a chain of derivatives. The quality of these derivatives depends on the broker, but in general, forex gold is quite a few highly leveraged contracts away from the real shiny and heavy stuff, introducing multiple counter-party risks. If any of these contracts are broken, forex gold is gone. Therefore, while forex gold is a great short term speculative instrument, it is not an investment by any means.

Having established that, here is the second important point: gold does not carry interest, which is again different from any other currency. In most forex accounts, interest is reflected in the form of swaps. Swaps are calculated on the basis of the difference between the interest rates of the purchased and sold currencies, plus the broker’s cut. As a result, long gold on forex has high, and sometimes prohibitively high carrying costs, especially when traded against a high interest rate currency. By the same token, short gold against a high-rate currency is one of the best interest earners. Thus, short is our preferred direction for trading gold online in a forex account.

Third, although physical gold is a necessary holding because of its risk-less properties, it is exceptionally hard to trade. There are significant transaction costs, delivery is often delayed, shorting is next to impossible, no margins available, etc. Forex gold, on the contrary, is available instantly for shorting on margin with very little money and as close to spot price as it gets.

Fourth, I’ll take the liberty to opine that gold is on a tear for fundamental reasons and will continue to be for the foreseeable future. As the only non-inflationary and crisis-proof currency, gold will shine for years to come. One’s exposure to gold should be somewhere between all long and zero, shorting gold is a Russian roulette these days. However, gold’s path to new highs will be highly volatile. There will be sharp drops such as the recent one that present great opportunities for shorting.

Now we have all ingredients for a conservative strategy of an interest-bearing investment in physical gold using forex:

1. Buy and store as much physical gold bullion as you see fit. This will be your long crisis-proof and inflation-protected position.

2. Open a forex account with a reputable broker that offers several gold crosses and an adjustable position size.

3. Devise a signal to short gold. When the signal goes off, short gold in your forex account against a high-interest currency in the amount of your physical holding or less. Put a tight stop on it. Move the stop to a no-loss point as soon as possible.

4. Collect the swaps.

5. Either take profit in the forex position, or let it expire at no loss, keeping the swaps.

Why the need for physical bullion? Simple. Gold is not to be shorted, and gold loses its most attractive qualities if not in bullion form. This strategy is a cheap hedge, allowing to quickly go from full to no exposure at very low transaction costs, while maintaining possession of bullion. Same result can be accomplished with other instruments, but a forex account is perhaps the most flexible way of hedging the downside of gold.

Interest in Gold Investment is 'spilling over' - Monday 23rd November 2009

2009-11-24T04:57:00.000-08:00

A prominent analyst claimed today (November 23rd) that increasingly diverse types of investor are now Buying Gold, Bloomberg reports.

The yellow metal has provided a solid safe-haven purchase during the economic crisis, mainly due to the inverse relationship it tends to share with the US dollar.

Stefan Graber, from leading financial services group Credit Suisse AG in Singapore, has explained that a wider demographic is being drawn to gold by a growing number of economic factors.

"Investor interest has spilled over from those seeking a hedge against the dollar to other buying interests, such as central-bank buying," he told the news provider.

A similarly optimistic outlook on the future of Gold Prices was offered last week by Walter de Wet, an analyst at Standard Bank, which is the largest bank in Africa.

He noted in an interview with the Wall Street Journal that he would not recommend betting on the metal to fall as it seems to be pressing ahead with solid momentum.

"Despite weak US consumer confidence data, risky assets such as equities and commodities have rallied," he told the news provider.

"Liquidity seems to have drowned the market's fears. Gold is bullish and there is no sense in shorting the metal."

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Gold vs. Euros: The Non-Dollar Choice

2009-11-24T04:50:00.000-08:00

Gold has now doubled since the Euro first got where it stands against the Dollar today...

SINCE THIS decade’s Dollar Decline first pushed the Euro above $1.35 in late 2004 – a level it reclaimed this week – the price of gold has gone on to double for both US and Eurozone citizens.

American investors and savers would have been much better off Buying Gold instead of Euros, in other words, as would everyone else. And looking ahead, “These days, currency weakness, relative to other currencies, matters less for gold,” reckons Standard Bank’s Walter de Wet.

“All major currencies are being devalued, and as a result – and on a relative basis – currencies are trading in the same ranges seen before. However, these currencies are weaker against tangible assets such as gold.”

Euro @ $1.35	Dollar Gold-Price	Euro Gold-Price
Dec. 2004	$441	€329
April 2007	$681	€504
Oct. 2008	$900	€665
May 2009	$913	€670

The European single currency has in fact averaged $1.35 to the Dollar for the last three-and-half years. Over that same period, gold has pushed up against both, averaging $730 per ounce but standing higher today by one-quarter at $925.

Sticking with the Dollar Down trend, “We expect the Dollar to depreciate to $1.50 by year-end,” Standard Bank adds. “As a result, the Gold Price should rise.” But by much exactly, if this relationship were to hold good from here...?

Yes, the price of gold in dollars stumbles around the same path as the world’s No.1 non-Dollar money when priced in greenbacks. As our chart shows, in fact, gold has loosely mapped the Euro (as figured back to 1979 via the Deutsche Mark’s pre-union value) for much of the last 30 years.

Dropping more than half their monthly average, for instance, as the “Super Dollar” marked the global deflation of 1980-85 (or ‘disinflation’ if you prefer), both gold and its European alternative swung higher...and then lower...to hit bottom at the start of this decade. From there, they’ve both moved sharply upwards again, breaking new all-time records above their old 1980 highs.

But as de Wet points out, the move in gold has been much swifter than the single currency’s gains. “There is better support for gold at the same Dollar/Euro exchange rate,” in short. And viewed across the last 30 years, the Gold Price is holding one-third better than its previous high (monthly average).

Europe’s official non-Dollar, in contrast, advanced only 4% to its new peak

Forex: GBP/USD bounces at 1.6495, back above 1.6580 ahead the US GDP

2009-11-24T04:43:00.000-08:00

Tue, Nov 24 2009, 12:33 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The Sterling has reacted up against the Greenback after hitting today's low at 1.6495 to bounces from this level to trade above MA55 hourly chart at 1.6560 and trade close to 1.6580. Currently the pair is trading 1.6575/85, 0.15% below today's opening price action at 1.6602.

The United States expects to confirm its recovery with its 3.0% increases in the 3Q annualized GDP preliminary release. Previous data was posted as 3.5% increases in the 2Q.

The Kshitij Consultancy Service Team comments: “Cable has risen from the day's low of 1.6496. Immediate Resistance is seen at 1.6575, a break above which might see a rise towards 1.6640-60. A strong break above 1.6660 might target 1.6730-50. On the other hand if the immediate Resistance at 1.6575 holds, we might see a downmove towards 1.6450-30. Currently the pair is looking mixed with 50-50 chances of moving in either direction.”

GBP/USD (Nov 24 at 12:43 GMT)

1.6575/78 (-0.17%)

H 1.66182 L 1.6494

S3	S2	S1	R1	R2	R3
1.6481	1.6522	1.6564	1.6605	1.6646	1.6688

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Nov 24 at 12:40 (15-minute timeframe)

Mexico's Stocks End Higher, Peso Gains Ahead Of Long Weekend

2009-11-14T22:14:00.000-08:00

Fri, Nov 13 2009, 21:54 GMT
http://www.djnewswires.com/eu

Mexico's Stocks End Higher, Peso Gains Ahead Of Long Weekend

MEXICO CITY (Dow Jones)--Mexico's stocks closed higher Friday ahead of a long weekend, rising for the eighth session in the past nine as U.S. equities gained with the help of positive consumer stocks.

The local stock market's IPC index of leading issues rose 0.8%, or 242.24 points, to 31002.09, resuming an upward path after a brief respite the previous session that pulled the index off a 17-month high. Volume was a moderate 141.1 million shares worth 4.04 billion pesos ($310 million).

Retailer Wal-Mart de Mexico (WMMVY, WALMEX.MX) V shares rose 2.8% to MXN51.56, Soriana (SORIANA.MX) B shares rose 0.5% to MXN32.45, and Comercial Mexicana (COMERCI.MX) UBC shares jumped 10% to MXN11.24.

Comercial Mexicana, which is in the process of negotiating a debt restructuring with derivatives counterparties and other creditors, attributed the gains to "market conditions" in a filing with the exchange.

The peso strengthened against the dollar and was quoted closing in Mexico City at MXN13.0495, compared with MXN13.1915 at Thursday's close and MXN13.4175 a week ago.

A local currency trader said the weaker dollar and corporate peso demand for tax payments due next Tuesday contributed to the currency's gains.

Mexican markets will be closed Monday for the Revolution Day holiday.

Expectations that Congress will wrap up the spending side of the 2010 budget at the weekend also helped the peso, the trader added.

Mexico's budget process has injected volatility into the exchange market as participants weigh the possibility of one or more ratings agencies downgrading the country's sovereign credit rating, without putting its investment grade at risk.

Both Standard & Poor's and Fitch Ratings have a negative outlook for Mexico, and could make a decision once the budget is completed. Most of the concern in the market was over the revenue side of the budget, which was wrapped up at the end of October with Congress improving a number of tax increases.

The currency trader said Mexican interest rates, while low, still allow for some carry trade since they are higher than those in the U.S.

The yield on 20-year government bonds due 2029 slipped 2 basis points to 8.42%, and the yield on bonds maturing in 2018 was flat at 7.86%.

BBVA Bancomer said in a report that uncertainty about the sovereign rating is holding the peso back from making further gains, generating some caution in inflows, although recent data show foreign investors continue to add local bonds to their positions.

New Zealand Dollar (NZD)

2009-11-13T05:15:00.000-08:00

Much like its neighbor to the west, Australia, New Zealand's economy is also export-driven with commodities comprising much of its exports. While most traders' view on the "Kiwi" is that it's not directly linked to one specific commodity, its correlation to commodities in general is a substantial one.

Since January 1990, its correlation is 63%, when compared to the Commodity Research Bureau Index (CRB Index), one of the world's standards for commodity prices.

This chart shows how commodity prices and the New Zealand Dollar have moved in tandem with each other over the past 25+ years.

Since January 1990, the NZD/USD and CRB Index has had approximately 60% correlation. So, as commodity prices rise and fall, traders can look for similar movements in the NZD/USD because of New Zealand's dependency on its commodity exports.

Like gold and oil, a trader can express their general views and ideas on commodities by trading NZD/USD.

Australian Dollar (AUD) and Gold

2009-11-13T05:10:00.000-08:00

Everyone loves gold - how can you not love it? It's metal, shiny and makes pretty cool jewelry. Besides that, gold is used in many, many applications like highly conductive wiring, reflective coating, and dentistry - you should check out Big Pippin's new grill!

In the financial world, gold is viewed as a safe haven against inflation and it is one of the most highly traded commodities. Okay, so how does all of this tie into Forex trading? Great question! To answer that, we'll take a look at the Australian Dollar.

For many traders out there, trading the Australian Dollar is just like trading gold. Australia is one of the world's largest producers of gold and it exports comprise over 50% of commodities, including precious metals.

These commodities account for a large portion of Australia's Gross Domestic Product; so many traders watch the rise and fall of commodity prices, especially gold, which can influence the direction of the Australian Dollar. Let's take a look at a comparison chart of gold and the "Aussie:"

This is a monthly chart that compares the price movement of gold and the AUD/USD all the way back to January 1980. As you can see, the two's movements were virtually the same, and from January 1980 to about January 2002 one can view gold as a leading indicator to AUD/USD.

The "red stars" above show major turning points in gold. These turning points seemed to occur before major turning points in AUD/USD. This relationship changed around 2002 as gold and AUD/USD movements were practically the same until gold shot up in value in 2005 to 2006.

Just as we learned with oil and USD/CAD, traders can watch gold prices to get an extra edge in their analysis of AUD/USD as gold movements can give possible clues to where AUD/USD is headed. For those who can't trade gold directly, AUD/USD's strong correlation to gold makes a great substitution. You can trade AUD/USD in the spot Forex market as a proxy for gold, which is traded in the futures market.

Forex: AUD/USD: Aussie rally capped right below 0.9328 resistance

2009-11-10T01:16:00.000-08:00

Tue, Nov 10 2009, 08:47 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Australian Dollar rally from Nov 2 low at 0.8915 has been capped on early Asian session at 0.9325, right below October 21 high at 93.28, and the Pair has pulled down to 92.55 level, which is suffering under selling pressure at the moment of writing.

On the hourly charts, the outlook temains bullish while above 0.9225/0.9165, according to Rajoo C, technical analyst at Precise Trader: "The Hourly is in a Range trading and 9330-45 are the immediate barriers for the bulls, the price should not trade below 9225-9165 to maintain the bullish outlook."

Daily trend is bullish while support at 0.8980 remains intact, says Rajoo C: "Daily Trend is Sideways Up while 8980 holds, so expect the price to be Choppy with a Upside bias."

AUD/USD (Nov 10 at 09:14 GMT)

0.9282/88 (-0.14%)

H 0.9323 L 0.9252

S3	S2	S1	R1	R2	R3
0.9223	0.9246	0.9270	0.9286	0.9309	0.9332

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Nov 10 at 09:10 (15-minute timeframe)

DJ Currency Rates Of Coffee Producing, Consuming Countries

2009-11-10T01:09:00.000-08:00

Tue, Nov 10 2009, 09:09 GMT
http://www.djnewswires.com/eu

DJ Currency Rates Of Coffee Producing, Consuming Countries

Producers                          Current     Prior

Angola (Readj Kwanza)    AOA          85.5        86
Bolivia (Boliviano)      BOB          7.02      7.02
Brazil (Real)            BRL       1.69875    1.7182
Burundi (Franc)          BIF        1224.5    1224.5
Central African States   XAF       437.695     438.5
Central Bank of West AfriXOF       437.695    440.58
Colombia (Peso)          COP        1971.4    1984.6
Costa Rica (Colon)       CRC         566.5     572.1
Cuba (Peso)              CUP             1         1
Dominican Rep (Peso)     DOP         36.15     36.15
Ecuador (USD)            USD             1         1
El Salvador (Colon)      SVC        8.7475    8.7475
Ethiopia (Birr)          ETB         12.63     12.63
Guatemala (Quetzal)      GTQ        8.2705    8.2705
Guinea Rep (Franc)       GNF          5015      5025
Haiti (Gourde)           HTG         39.75     39.75
Honduras Rep (Lempira)   HNL        18.895    18.895
India (Rupee)            INR        46.525     46.51
Indonesia (Rupiah)       IDR          9415      9410
Kenya (Shilling)         KES         74.75      74.6
Malawi (Kwacha)          MWK      142.6613  142.7526
Mexico (Peso)            MXN       13.2844   13.3502
Nicaragua (Cordoba Oro)  NIO       20.6962   20.6879
Papua New Guinea (Kina)  PGK       0.38215     0.384
Peru (Nuevo Sol)         PEN         2.887     2.899
Philippines (Peso)       PHP        46.915    46.895
Venezuela (Bolivar)      VEB        2147.3    2147.3
Vietnam (Dong)           VND       17869.5   17868.5
Zambia (Kwacha)          ZMK          4670      4660
Zimbabwe (Dollar)        ZWD         363.7     363.3

Consumers
Denmark (Krone)          DKK        4.9652    4.9755
European Union (Euro)    EUR       1.49855   1.49565
Japan (Yen)              JPY        89.755    90.075
Norway (Krone)           NOK        5.5962    5.6304
Sweden (Krona)           SEK        6.8563    6.8921
Switzerland (Franc)      CHF       1.00835    1.0098

* = The CFA Franc is the common currency of 14 African countries
which are members of the Franc zone:
XOF = Benin, Burkina, Ivory Coast, Guinea Bissau, Mali, Niger,
     Senegal and Togo under the Central Bank of the West African States.
XAF = Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea,
     and Gabon, under the Bank of the Central African States.

All currencies are quoted in units of currency per U.S. dollar.
Source: Thomson Reuters

Forex trading strategy

2009-11-07T00:29:00.000-08:00

Trading successfully is by no means a simple matter. It requires time, market knowledge, market understanding, trading strategy and a large amount of self restraint. ACM does not currently manage accounts, nor does it give trading advice, that is the job of money managers and introducing brokers. As market professionals, we can however point the novice in the right direction and indicate what are correct trading tactics and considerations and what is total nonsense.

Anyone who says you can consistently make money in foreign exchange markets is being untruthful. Foreign exchange by nature, is a volatile market. The practice of online currency trading by way of margin increases that volatility exponentially. We are therefore talking about a very 'fast market' which is naturally inconsistent. Following that precept, it is logical to say that in order to make a successful trade, a trader has to take into account technical and fundamental data and make an informed decision based on his perception of market sentiment and market expectation. Timing a trade correctly is probably the most important variable in trading successfully but invariably there will be times where a traders' timing will be off. Don't expect to generate returns on every trade.

Let's enumerate what a trader needs to do in order to put the best chances for profitable trades on his side:

Trade with money you can afford to lose:
Trading fx markets is speculative and can result in loss, it is also exciting, exhilarating and can be addictive. The more you are 'involved with your money the harder it is to make a clear-headed decision. Money you have earned is precious, but money you need to survive should never be traded.

Identify the state of the market:
What is the market doing? Is it trending upwards, downwards, is it in a trading range. Is it strong or weak, did it begin long ago or does it look like a new trend that's forming. Getting a clear picture of the market situation is laying the groundwork for a successful trade.

Determine what time frame you're trading on:
Many traders get in the market without thinking when they would like to get out, after all the goal is to make money. This is true but when trading, one must extrapolate in his mind's eye the movement that one expects to happen. Within this extrapolation, resides a price evolution during a certain period of time. Attached to this is the idea of exit price. The importance of this is to mentally put your trade in perspective and although it is clearly impossible to know exactly when you will exit the market, it is important to define from the outset if you'll be 'scalping' (trying to get a few points off the market) trading intra-day, or going longer term. This will also determine what chart period you're looking at. If you trade many times a day, there's no point basing your technical analysis on a daily graph, you'll probably want to analyse 30 minute or hour graphs. Additionally it is important to know the different time periods when various financial centers enter and exit the market as this creates more or less volatility and liquidity and can influence market movements

Time your trade:
You can be right about a potential market movement but be too early or too late when you enter the trade. Timing considerations are twofold, an expected market figure like CPI, retail sales or a federal reserve decision can consolidate a movement that's already underway. Timing your move means knowing what's expected and taking into account all considerations before trading. Technical analysis can help you identify when and at what price a move may occur. We will look at technical analysis in more detail later.

If in doubt, stay out:
If you're unsure about a trade and find you're hesitating, stay on the sidelines.

Trade logical transaction sizes:
Margin trading allows the fx trader a very large amount of leverage, trading at full margin capacity (in ACM's case 1%) can make for some very large profits or losses on an account. Scaling your trades so that you may re-enter the market or make transactions on other currencies is generally wiser. In short, don't trade amounts that can potentially wipe you out and don't put all your eggs in one basket.

Gauge market sentiment:
Market sentiment is what most of the market is perceived to be feeling about the market and therefore what it is doing or will do. This is basically about trend. You may have heard the term 'the trend is your friend', this basically means that if you're in the right direction with a Strong trend you will make successful trades. This of course is very simplistic, a trend is capable of reversal at any time. Technical and fundamental data can indicate however if the trend has begun long ago and if it is strong or weak.

Market expectation:
Market expectation relates to what most people are expecting as far as upcoming news is concerned. If people are expecting an interest rate to rise and it does, then there usually will not be much of a movement because the information will already have been 'discounted' by the market, alternatively if the adverse happens, markets will usually react violently.

Use what other traders use:
In a perfect world, every trader would be looking at a 14 day RSI and making trading decisions based on that. If that was the case, when RSI would go under the 30 level, everyone would buy and by consequence the price would rise. Needless to say, the world is not perfect and not all market participants follow the same technical indicators, draw the same trendlines and identify the same support & resistance levels. The great diversity of opinions and techniques used translates directly into price diversity. Traders however have a tendency to use a limited variety of technical tools. The most common are 9 and 14 day RSI, obvious trendlines and support levels, fibonnacci retracement, MACD and 9, 20 & 40 day exponential moving averages. The closer you get to what most traders are looking at, the more precise your estimations will be. The reason for this is simple arithmetic, larger numbers of buyers than sellers at a certain price will move the market up from that price and vice-versa.

Forex Strategies » Round Numbers

2009-11-07T00:22:00.000-08:00

Forex Strategies » Round Numbers

This is another very simple, but extremely efficient strategy. The round numbers (example EUR/USD 1.2800, USD/JPY 99.00) are natural levels of support and resistance. A lot of orders are placed around these levels. During the last few years the importance of the round numbers increased because they are used for options barriers levels and are protected. That is why when the market approaches such levels the price movement is countered by these order flows and small retracement usually happens. You should study carefully the price action around the round numbers and improve the strategy.

Rules for long position
1. The prices approach round number support.
2. Long position is initiated when:
- the price hits the round number, or
- the price breaks a few pips below the round number.
3. After the position is open an initial stop loss order is placed 2-3 pips below the low reached during the test of the round number or at fixed distance from the entry point.
4. A limit order is placed according to our Money management rules.

Rules for short position
1. The prices approach round number resistance.
2. Short position is initiated when:
- the price hits the round number, or
- the price breaks a few pips above the round number.
3. After the position is open an initial stop loss order is placed 2-3 pips above the high reached during the test of the round number or at fixed distance from the entry point.
4. A limit order is placed according to our Money management rules.

How to Test

The power of this strategy is the entry logic. I'll show you how Forex Strategy Builder can help you improving it by adding additional entry filters and proper exit logic.

The integrated strategy “Generator” can do this in several steps:

1. Set the shown entry logic in the “Opening Point of the Position” slot;
2. Start the “Generator”;
3. Click on the “Opening Point of the Position” slot. This will lock it.
4. Start the Generator. Since the first slot is locked the Generator will not change it. The generated strategy will be a combination of our “Round Number” entry logic and other indicators.

Balance Chart after Generating

Forex: EUR/USD will remain offered below 1.4925/50, targeting 1.4588/36 - Commerzbank

2009-10-28T01:09:00.000-07:00

Wed, Oct 28 2009, 08:10 GMT
http://www.fxstreet.com

FXstret.com (Barcelona) - Euro retreat from 1.5060 high has extended on Tuesday to 1.4770 low and the Euro has bounced higher, reaching levels above 1.4800, although, according to Karen Jones, the pair remains on the downside, targeting 1.4588/36 area.

For today Jones foresees Euro recoveries to cap ar 1.4925/50: "EUR/USD will remain offered intraday below 1.4925/50 - target 1.4588/36 (55 day ma and uptrend) we look for this to hold and provoke recovery."

Forex: USD/JPY ends above 92.00 for the first time in 6 weeks

2009-10-24T07:34:00.000-07:00

FXstreet.com (Córdoba) – The Dollar rose against the Yen for the third consecutive day accumulating an increase of more than 150 pips. USD/JPY peaked at 92.11 posting the highest price in a month. Greenback continues to recover after plunging to 88.00 (8-month low) early in October.

The Yen fell sharply against the Euro and continues to move toward the lowest level of the 2009. EUR/JPY jumped to 138.35, fresh 2-month high and only a few pips below 139.20, year high. The pair rose on eleven out of the last twelve days.

Trading Strategy: Gold vs Gold Stocks

2009-10-23T02:11:00.000-07:00

Last month I shared a strategy that used the ratio between oil stocks and the price of oil itself to trade the oil sector (read part I and part II).

Keeping with that theme, in this post I’ll look at using the ratio between gold stocks and gold to trade very short-term moves in gold. I’ve been wrestling with this observation for a while, and I’m sharing the basic concept here because I think the strategy is not ready for primetime (more on this later).

First, a look at the ratio of gold (represented by the ETF GLD) over the gold sector (XAU) from 2005:

Over the last 4+ years, the two have traded in a fairly narrow range versus the other, but in mid-2008 the ratio exploded as investors embraced the “safe” (good for gold) and abandoned all things equity-related (bad for gold stocks).

Note: I’m using the ETF GLD to represent physical gold, and the index ^XAU to represent the sector, because I think those two are the most familiar to readers, but the observations in this post have more or less held for other vehicles such as futures (gold) and the ETF GDX (gold sector).

The Strategy

The ratio of gold vs the gold sector has exhibited a fairly strong contrarian tendency. The following graph shows the results of two strategies, the first (green) going long gold at today’s close if GLD underperformed XAU for the day, and the second (red) going long if GLD outperformed XAU, frictionless from 2005 to present.

[logarithmically-scaled]

The observation hasn’t been foolproof (note late 2005, early 2006, late 2007, and early 2008), but generally speaking, gold has been consistently stronger tomorrow when yesterday it underperformed gold stocks (and vice-versa).

For the number-lovers:

This strategy is exploiting a very small daily advantage (similar for example to adaptive daily follow-through), and therein lays a problem.

Most of the strategies that I talk about on this blog could be traded using leveraged mutual funds (not to be confused with leveraged ETFs). These are the only thing that I trade. Because they incur no transaction fees or slippage, most of the tests I’ve performed on this blog could have been duplicated, for all intents and purposes, as well in the real world.

Not so here. To the best of my knowledge, there are no mutual funds suitable for active trading that track gold (the gold sector yes, but not gold itself). Trading this strategy with ETFs/futures would bring trading frictions that would close an already very fine advantage.

I’m struggling now with a way to improve upon this advantage enough to make it tradable. I share it here in hopes that I’ll generate a spark amongst fellow quant’ish folks who frequent the MarketSci Blog. As always, more to follow.

Forex Trading − The Forex Market Awaits Crucial U.S. Data Today

2009-10-21T22:41:00.000-07:00

ForexYard

The forex market awaits crucial U.S. data today in the PPI and Building Permits figures at 12:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. It is also recommended that you pay close attention to unexpected news announcements by President Obama as this is likely to increase market volatility. As for now, open your positions in the majors, whilst the trading day gets under way.

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Economic News

USD - Dollar Tumbles on Ben Bernanke Speech

The U.S. Dollar tumbled in yesterday's trading following comments made by U.S. Federal Reserve Chairman Ben Bernanke in a speech in which he hinted at keeping a loose U.S. monetary policy for at least the short-medium term future. The USD also fell as a flurry of higher corporate earnings and optimism about a continued global economic recovery led to an equity rally, which led to a slump in demand for the USD. Thus traders bought-up higher-yielding assets, such as the Australian Dollar, Crude Oil and Gold. The Dollar Index, which is used to track the USD against its 6 main trading partners, slipped 0.3% to 75.363

The Dollar extended the recent downward trend against the GBP, as the GBP/USD cross ascended by 65 pips to the 1.6403 level. This comes as the British Pound recovers from its downtrend against the USD from over a week ago. The EUR/USD cross also went significantly higher on Monday by 85 pips to the 1.4964 level. The greenback also made some significant declines vs. the Canadian Dollar and Swiss Franc. This behavior was apparent throughout Monday's trading due to the varied factors weighing down on the Dollar.

Today is the publication of the PPI and the Building Permits data at 12:30 GMT. Optimistic results will likely help push the Dollar lower. Looking at the bigger picture, the greenback may extend its losses as the global economic recovery will lead investors to go short on U.S. assets. This may come about due to the large budget deficit and an extended period of near zero Interest Rates employed by the Federal Reserve. A divestment away from the USD may be a natural process, as the global monetary system seeks to rebalance itself.

EUR - EUR Rallies against Dollar and Yen

The EUR rallied against the Dollar and Yen in Monday's trading. This comes about as the EUR/USD cross seeks to approach the 1.5000 level. Both the Euro-Zone and Britain recorded an impressive equity market rally, which was sparked by that of the U.S. However, the global equity market rally was initiated by better corporate earnings from the U.S. The EUR and GBP also benefited, as both the Euro-Zone and Britain were on the backburner of economic news yesterday. However, it should be noted that the EUR was the main benefactor on Monday.

The EUR/USD pair went 85 pips higher to the 1.4964 level. The GBP/USD cross climbed by 65 pips to 1.6403. Meanwhile, the EUR/GBP cross went marginally higher, and the EUR made some inroads into the JPY. On the other hand, the British currency fell vs. the CHF, despite rising over the previous several sessions. When we aren't speaking about the Dollar, it does get a bit harder to predict future trends for the EUR and GBP's main crosses. However, stronger economies will likely benefit these 2 currencies.

Looking ahead to today, there is set to be much vital data coming out of both Britain and the Euro-Zone. From Britain, there is the Public Sector Net Borrowing at 20:30 GMT, and the crucial speech by Bank of England (BoE) Governor Mervyn King. From the Euro-Zone, there is the expected German PPI at 06:00 GMT. The results of today's economic news are likely to set the expectations for both the GBP and EUR for mid-week trading. Additionally, these 2 respective currencies will be strong affected by developments from the U.S.

JPY - Yen Goes Mixed against the Majors

The Yen recorded some mixed results vs. its major currency pairs. The Japanese Yen rose by nearly 20 pips to the 90.69 level against the USD. Versus the GBP, the Yen lost 15 pips, as the pair failed to find a clear direction in Monday's trading. With regards to the EUR/JPY cross, the Yen lost nearly 60 pips, as the pair approaches the 135.80 level. The JPY seems to be losing out, due to being on the backburner of global economic news. Moreover, Japan's new government has been unclear on which direction it wants to take the Yen.

The Yen will be one of the key currencies to watch today. This is as mid-week trading approaches, and global investors seek to find more clues about the future direction of Japanese monetary policy. The Japanese Central Bank has yet to announce a full cut back in assisting industry. This decision is likely to be prolonged, as long as the economic situation continues to be unstable. This is likely to continue to destabilize the Japanese currency for the weeks to come.

OIL - Crude Oil Hits $80 a Barrel!

The price of Crude Oil hit $80.04 a barrel in Monday's trading, a 1-year high. This occurred as a rally in global equities drove investor confidence higher. This was due to expectations that a continued economic recovery will push fuel consumption higher. Crude has now gone higher for its 8th consecutive day, the longest time in 2 years. This comes as additional cash is added to the global economic system, and the USD has continued to decline. As a result, this has boosted demand for commodities such as Crude Oil.

As long as the USD is bearish and global equities are bullish, then Crude is likely to be a wise investment according to many economists. At the moment at least, this does seem to be correct, as Crude has been a profitable investment recently. If data from the U.S. today proves to be positive, then Crude's upward trend may continue for a 9th consecutive day. In the meantime, Oil traders should open their positions in the black gold as the trading day unfolds.

Technical News

EUR/USD

The Bollinger Bands on the 4-hour chart appear to be tightening, indicating a violent breach may occur in the future. The direction may be distinguished by the signals on the hourly chart which displays a bearish cross on the Slow Stochastic, indicating that a downward correction might take place. The hourly chart also shows the pair trading at the upper border of its Bollinger Bands, which indicates that the pair may fall to its lower border. Going short may be the right move

GBP/USD

There appears to be a bearish cross forming on the 4H chart's Slow Stochastic, signaling an impending downward correction. As other oscillators are showing the price floating in neutral territory, and the Bollinger Bands tightening on this chart, there is a possibility of a volatile bearish movement in the making. Going short with tight stops might be a good strategy today

USD/JPY

After yesterday's moderate downward movement, this pair now appears to be leveling off as all oscillators and indicators are displaying neutrality. It's possible a trend-reversal is in the making, but traders may want to wait for a clearer signal before going short on this pair today.

USD/CHF

This pair's recent drop has pushed the price into the over-sold territory on the RSI of both the hourly and 4-hour charts, signaling an upward correction could be in the making. With a bullish cross recently occurring on the 4-hour chart's Slow Stochastic, this move may indeed be imminent. Going long might be a good choice

The Wild Card

Gold

The price of this commodity appears to be floating in the over-bought territory on the RSI of the daily and 4 hour charts, indicating a bearish correction to the recent upward movement may occur later today. The imminent bearish cross on the hourly chart supports this notion. As the price of this commodity has discovered a new range to trade in, forex traders can benefit greatly from selling on highs and buying on lows within this price zone.

Asian forex market wrap: traders torn between conflicting signals

2009-10-21T22:36:00.000-07:00

Thu, Oct 22 2009, 03:51 GMT
http://www.forexlive.com

Sharp fall late on Wall Street leads to equity market losses in Asia Chinese GDP comes in at +8.9% Chinese economic researchers see inflation looming as major problem Gold steady around $1060/oz A late fall on Wall Street brought about by the downgrading of Wells Fargo was expected to see JPY crosses pressured during the Asian session. Dealers were then surprised by buying flows in early Asia, particularly in AUD/JPY, which were rumoured to be Toshin-related. AUD/JPY continued to gain despite the Nikkei being down over 1% in early trade. The release of Chinese GDP data, despite everything coming in on expectation, saw some AUD selling enter the market. EUR/USD has been fairly quiet for most of the session, trading in a 10 pip range for most of the morning session. A quick jump up on the Toshin buying couldn't sustain and longs have since exited the market. No signs of any major players in the market at current levels. Cable has also had a quiet day. GBP/JPY reached one milestone in the 50% retracement of 163/139.70 and this has encouraged some mild profit taking. Heavy sell orders are tipped in the cable between 1.6640/60 from Sovereign names and Middle East players. Ranges: EUR/USD 1.4984/1.5036; cable 1.6582/1.6637; USD/JPY 90.78/91.16; AUD/USD .9235/99. Markets: Nikkei -1.1%, HK -1.0%, Shanghai -0.1%. Gold steady at $1060/oz, oil at $81/bbl.

Forex Robot Showdown - Doubling Stocks vs Forex AutoPilot System vs Forex Easy Cash

2009-10-21T00:49:00.000-07:00

It seems the flood of forex robots being released currently is never ending. Specifically if you are new to currency trading, it can be very difficult to decide which forex robot is going to deliver results. For this article we are going to look into Doubling Stocks, Forex AutoPilot System and Forex Easy Cash which have proven to be 3 of the more popular products.

A forex robot is basically software or a web based platform which allows users to automate their currency trading. Essentially the technology bases trades on statistical information an real time algorithms to decide when is the most profitable time to enter and exit a trade.

The first thing to look at with any currency trading product is trust. There are a high amount of scams out there, and you need to be sure that you are purchasing a quality product. Doubling Stocks has been seen and reviewed on 'interactive investor', 'Business Week Online' and 'Entrepreneur.com'. Forex AutoPilot System has received a little more exposure and has been seen on 'NBC', 'CBS News', 'Business Week', 'Entrepreneur Startups' and 'Entrepreneur Young Millionaires'. Forex Easy Cash has received minimal exposure in comparison. I guess the creator did not have the marketing budget. Research is key and you want to make sure the proof and reputation is there before you purchase- although both products come with an unconditional 8 week money back guarantee.

In terms of functionality I have been testing all products out in tandem, and the results have been varied. The main distinction is that Doubling Stocks is essentially a subscription to a forex robot service. You basically receive predictions via email, which you then can trade manually. FAPS on the other hand is software which allows you to automate your trading in real time. Forex AutoPilot System hinges on the Fibonacci Formula which is the most efficient way to predict when to enter and exit a trade for maximum profit and minimum risk. Forex Easy Cash is also a client based piece of software which automatically creates its on signals in order to enter and exit trades for you. I personally found Forex Easy Cash to be less user friendly, and the results have left a little to be desired.

The bottom line is either Doubling Stocks or Forex AutoPilot System will provide an automated method of currency trading. Forex Easy cash on the other hand leaves a little to be desired. Personally I feel Doubling Stocks is better suited to userswith some level of experience in currency trading, whereas Forex AutoPilot System is ideal for users of all experience

Conclusion

If you are looking for a forex robot, you need to be wary of scam products. Always seek testimonials and some form of money back guarantee. Whether you choose Doubling Stocks, Forex AutoPilot System or Forex Easy Cash it is important to realise that you need some capital to achieve leverage, and get the most out of these programs. Ideally $500-$1000US is a good starting point. Finally it is important to understand that a forex robot is not foolproof, and it is always advisable to have some basic understanding of currency trading before you begin.

Forex Auto Trade - Make Profits Even While You Sleep

2009-10-21T00:41:00.000-07:00

The Forex market is noteworthy for several reasons. For example, the market itself is quite volatile and dynamic, which means that you can expect a lot of fluctuations and changes at a given time. In addition, the forex market from the stock market because they never concluded otherwise and trade can place and at any time of day or night, all around the world.

While this kind of thing that separates the forex market from the stock market, it also presents unique opportunities not only did a number of challenges for many forex investors. Make After all, if you try a big splash on the Forex market, as you do so successfully if you can not possibly always monitor the market and your investments? Many investors have awaken to find that the value of their investments has changed dramatically in just one night, and the change is not always good!

How can you try a large to a profit on the Forex market make, even if they do not sleep or any number of other non-forex trading? Well, a Forex Trading Robot is a way to do this. Forex Trading Robots, also known as Forex trading software or auto-trading software to enable entrepreneurs to make money in the forex market without babysitting their investments 24 hours a day. This is particularly important because forex trading can be very challenging for serious investors who are often poor decisions and bad moves to the sleepless hours of research or a frustrating day of trading.

Forex Trading Robots do not make random choices based on a sort of basic decision-making. Stattdessen folgen sie kompliziert Trends auf Daten und Analysen, die außerordentlich schwierig sein würde, für ein Wesen von Mensch zu replizieren. Also, because Forex trading software can analyze trends and data very quickly, you can not miss are the potential gains that had made it a train at the right time can be.

There is really only one way to forex trading success while you sleep or are away from your computer or information. In this way, it is to use a forex trading program forex trading to automatically while you are away so that you do not stop making money just because you have other tasks or get some sleep!

Trade Forex Like a Pro - 3 Proven Techniques to Boost Your Profits

2009-10-13T02:02:00.000-07:00

The business of trading forex may sound easy, but in reality, it is not. Although you can get the hang of it as you go along, it is only with long term trading and a wealth of experience that you can trade forex like a pro. There are, however, many deeper trading techniques that can help boost your profits, but most of these techniques are used only by the pros as they require a deeper level of understanding of the trading concepts.

However, you can trade forex like a pro by studying three proven techniques that can help enhance your trading performance.

1. Forex Scalping

Forex scalping is a widely known technique in forex trading, although it is generally not widely used because it is one of the more complicated techniques. Scalping, however, is a relatively new technique. In this method of trading, the profits are gained following smaller moves in the market. This technique helps to reduce the risks you face when negative market events occur that cause the currency prices to go against the trends. In such cases, a lot of forex traders suffer from great losses. Forex scalping, however, can help prevent this.

Forex scalping uses a generally unusual method of trading but it is a well-known choice among active short-term traders and those who are averse to facing big risks.

2. Forex Position Trading

Forex position trading is a forex trading technique known for its better risk to reward ratio. In this strategy, you hold a particular position for an extended period of time. The position can last for weeks, months, and in some cases, even years. The main benefit of this strategy is that you earn more as you keep on adding more lots to your original position, but you retain the freedom to stop when you think the market is becoming unstable. Forex position trading lessens your exposure to the market, so there is no need to keep on monitoring the market. This is ideal for traders who do not like spending all their time in front of the monitors. This is one of the best trading techniques pros use to try and avoid high risks as they scour for higher profits.

3. Forex Hedging

You can also use the forex hedging technique. Most traders are faced with open forex positions, which expose them to a certain amount of risk. Forex hedging is an effective trading technique that can decrease that risk. To execute a forex hedge, you can initiate both a long and a short trading position on a single pair. This technique, however, may not be allowed by some brokers, so make sure to run it through yours first.

US Dollar: At the Mercy of Risk Appetite...or is It?

2009-10-12T05:54:00.000-07:00

Saturday, 10 October 2009 02:24:05 GMT

Written by John Kicklighter, Currency Strategist

ew would argue at this point that the dollar’s bearings are being dictated by investor sentiment. The conspicuous test of a 14-month low in the Dollar Index last week and the simultaneous push to a one-year high from the benchmark Dow Jones Industrial Average is certainly not a coincidence.

US Dollar: At the Mercy of Risk Appetite…or is It?

Fundamental Outlook for US Dollar: Bullish

- Dollar stands on the edge of another plunge as risk eyes new heights - Rumors of a replacement for the dollar in oil deals furthers long-term fundamental concerns - Is the market prepared to hold EURUSD’s double top?

Few would argue at this point that the dollar’s bearings are being dictated by investor sentiment. The conspicuous test of a 14-month low in the Dollar Index last week and the simultaneous push to a one-year high from the benchmark Dow Jones Industrial Average is certainly not a coincidence. Yet, with this relationship in mind, how do we reconcile the side-by-side rallies from both equities and the greenback on Friday? Risk appetite was certainly on the rise - as can be confirmed through the pace of equities, Treasury yields and the yen crosses. The seemingly inconsistent piece to this puzzle is the US dollar. Is the currency decoupling from the financial market’s most influential fundamental driver or is this a fluke that will be quickly resolved? Perhaps just as important of a question: will bulls be able capitalize on the proximity of new highs in optimism and jump start the next leg of a very fruitful trend?

It is a rather straightforward deliberation in speculating the direction of risk appetite. Either it will rise or fall. However, when you throw the dollar into the mix, the outlook is more complicated. We need to first establish the relationship between the underlying trend and the beaten currency. There are essentially two chief concerns that bind the dollar to the market’s will: an exceptionally low market rate and the threat of losing its reserve status. Under normal circumstances, the former is the more pressing issue; but it may have been the dollar’s prominence on the world stage that was likely responsible for Friday’s divergence. Earlier in the week, rumors circulated that oil-producing nations in the Middle East were in active discussions with Japan, Russia and others aimed at phasing the US dollar out as the primary payment for oil deals. This story was subsequently squashed by all groups that were supposedly involved. The merits of this report are questionable; but it is nonetheless a good probability that such a deliberation would come up later if it isn’t already being made. The real interest is in the time frame that was drawn up from this report – 2018 for the change in pricing. This is a considerable ways off and concern over diversification (for oil deals or reserves) is a matter for long-term fundamentals and not short-term risk appetite. The underlying trend in sentiment itself is born largely from capital appreciation which won’t likely sustain itself for much longer. When the market comes to this conclusion, the greenback will likely respond to very different catalysts.

In the meantime, there is always the backup tether between sentiment and the dollar in the form of yield. When the topic of the carry trade comes up, the benchmark interest rates are usually used for comparison; but investors don’t really deal at the Fed Funds rate. In reality, the foundation for a country’s yield is its three-month Libor. This US market rate hit a record low (0.2825 percent) just two weeks ago and has since stabilized. At its current level, the US Libor is at a discount to all of its liquid counterparts; meaning, those looking to establish carry positions are borrowing from the world’s largest economy (which is flush with cash) and investing in other nations at a higher rate. However, whereas the current yield may make the dollar a good funding currency; the medium-term outlook does not. The US is recovering and the Fed is already laying plans to rein in its stimulus. Reductions in some lending programs and testing the waters with reverse repos in the money market fund. So, while a rate hike may be a ways off, a boost in market yields is not.

As for data, the economic docket holds little for event risk traders or long-term fundamental traders to really grab on to. The retail sales and University of Michigan sentiment reports are notable readings for measuring the health of the large consumer sector. Aside from these numbers, the CPI statistics and FOMC minutes will tune more directly into interest rate speculation. – JK

For more timely FX market analysis, visit our newly-launched Forex Stream Service.

Written by: John Kicklighter, Currency Strategist

Secret Forex Strategy That Works Every Time

2009-10-10T02:44:00.000-07:00

Do you wonder how successful forex traders make profit every time they enter into any trade? No matter what the market condition is, no matter rates are falling or rising they always manage to make profits. The secret of their success lies in the way they think and enter into any trade. If you understand how and when they make purchasing and selling decisions it is very easy for you to copy them and you too can make profit in every trade you make in forex.

Before looking into the secret strategy of successful traders let us first look at why most of the novice inexperienced traders miserably fail in forex market. If you notice around you will see that most of the traders have a mindset of 'buy low and sell high' notion. While it may be true but it will entirely depend on guessing and predicting the future.

No one can predict future 100% correct, let us face it. And so it is futile to attempt to predict how market will move in future. Buying on support point and selling on resistance levels can go wrong at least 8 times out of 10. The reason is several factors play a role in market movements. It's just not possible for any expert to predict the market future movements.

It is for this reason that experienced smart traders don't bother to predict the future. They rather try and follow the trend. Their strategy will be to 'Buy High and Sell More High', and this works every time. You need not to care why market is coming up or why market is coming down. Simply catch a point while rates are moving up and enter the trade and come out of it the moment you see you are making minimum profit.

You can master this strategy with little practice and experience. It is a proven formula for making sure profits in every trade.

Forex Trading - 3 Simple Tips To Make Money Fast

2009-10-10T02:37:00.000-07:00

If you are just starting out in forex trading or an experienced trader not making the gains you would like then these 3 tips are for you. There simple to learn easy to apply and could help you make triple digit annual gains so lets look at them.

1. Trade Less For Bigger Profits

Most traders think that they need to be in the market All the time in case they miss a move or the more they trade the more likely they are to be successful – but this is totally incorrect.

In Forex trading you make your money from being Right and that’s it – the effort you put in does not affect the amount of money you make. In fact in most instances the harder you try and more you trade, the greater your chances of failure.

Why?

Quite simply because the high odds trades don’t come around that often.

This philosophy is based on the famous Pareto principle the 80 / 20 rule.

The rule states that 80% of your results come from 20% of your activities.

This is true in many areas of life including trading Forex.

In forex trading by focusing on the trades with the best odds and ignoring the others, you can improve your profits overall.

By only focusing on this 20%, you will see bigger gains. This is really a common sense rule, yet few Forex traders stop to think about it. Most trade too much and try and force profits but if they were disciplined, patient and only focused on the best trades they would win more.

I know a trader who only trades about 6 times a year and yet they make over 100% annualized gains!
Think about trading less and you will see the logic of the above argument.

2. Don’t Diversify

When you do this resist the allure of diversification, it may reduce risk but if you have a high odds trade, why dilute its potential profit by diversifying with a marginal trade?

If you have a high odds trade go for it and this leads directly on to the next point.

3. Risk More Per Trade

As you only have one trade to focus on and it’s a good one risk as much as you can afford on it forget the accepted investment wisdom of 2 or 5% risk 10 25% minimum – if you believe in the trade go for it.

This is not being rash – its simply acknowledging an investment fact:

Risk goes with reward and the more you risk the more you can make.

This doesn’t mean being rash but your better to risk a lot on a high odds trade, than risk a little on a number of trades with poor profit potential.

Finally – To Make BIG Profits Learn To Love RISK!

The reason most traders never make any money is they are so afraid of risk they actually create it. They trade marginal trades, don’t risk enough and dilute their profit potential.

The fact is if you want to trade currencies you need to enjoy risk and be a speculator and confront and conquer risk – If you do you will make a lot of money. On the other hand if you don’t enjoy risk – don’t trade Forex.

Standard Deviation - an Essential Tool for Forex Trading Success

2009-10-09T08:16:00.000-07:00

Standard deviation is a concept all fore traders should understand, as it will give you a greater edge in your quest for forex trading success.

If you want to understand it read on and find out how it can make you a more profitable forex trader.

Standard deviation is logical and will help you time entries better and define targets for trades.
What is standard deviation?

Standard deviation is a statistical term that shows the volatility of price in any instrument including forex.

Standard deviation measures how widely values (closing prices) are dispersed from the average.

Dispersion is defined as:
The difference between the actual value closing price and the average value or mean closing price.

The larger the difference between the closing prices and the average price, the higher the standard deviation and volatility of the currency measured will be.

The closer the closing prices are to the average mean price, the lower the standard deviation or volatility of the currency.

The confusing bit (don't worry we will simplify it later) but here is the definition:

Standard deviation is calculated by taking the square root of the variance, the average of the squared deviations from the mean.

High Standard Deviation is present when the price of the currency studied is changing dramatically.

Conversely, low Standard Deviation values occur when prices are more stable or less volatile

Spotting Contrary trades

Major tops and bottoms are accompanied by high volatility as prices reflect the psychology of the participants.

Greed and fear, push prices away from the average to unsustainable levels and prices eventually return to the mean average.

Why is standard deviation such an essential study?

Any currency moves with the following inputs determining the price:

Supply and demand fundamentals + investor psychology = Price.

Taking Advantage Of Human Psychology

A big rise in volatility and a dramatic move away from the mean average, means that emotions are moving the currency too quickly away from the mean.

Forex: EUR/USD rejected at 1.4770, falls to 1.4710

2009-10-09T07:00:00.000-07:00

Fri, Oct 9 2009, 13:24 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The Dollar strengthened across the board in the last hour. EUR/USD was rejected from 1.4770 and fell sharply to 1.4710. The pair has fallen more than 60 pips in the last two hours and is heading toward intra-day low that lies at 1.4701. Dollar has recovered after a slid during the European session. Below 1.4700, the next support lies at 1.4680 and 1.4640/50.

The ecPulse.com analysis team affirms: “The euro versus the dollar continued its downside pressures upon 1.4725 support, with a downside breach attempt; nevertheless, the pair instantly returned to trade around this level, in an attempt to return to its expected upside direction. However, we still hold onto our morning expectations of an intraday upside direction, where expectations are supported by Stochastic's oversold signs. “

Forex: EUR/USD: Allow for a re-test of 1.4500 today - Mizuho

2009-10-01T01:12:00.000-07:00

Thu, Oct 1 2009, 07:44 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - The Euro has been capped at 1.4675 area several times this week, the last one on Thursday's Asian session and the pair dropped to 1.4550 low, Nicole Elliott senior technical analyst at Mizuho Corporate Bank, advances the possibility of a retest of the 1.4500 level later today.

Elliott sees the Euro capped at the 9-day moving average and likely to test 1.4500 area: "Consolidating neatly in a little ‘channel’, capped by the 9-day moving average. Today allow for a re-test of the short term 50% Fibonacci retracement and 26-day moving average at 1.4500. Momentum is zero and the Euro is a long way from being overbought."

Support levels, according to Elliott lie at 1.4560, 1.4526 and 1.4500. On the upside, resistance levels are 1.4668, 1.4700 and 1.4725.

Forex: USD/JPY: Dollar returns above 90.00

2009-10-01T01:10:00.000-07:00

Thu, Oct 1 2009, 07:05 GMT
http://www.fxstreet.com

Xstreet.com (Barcelona) - Dollar decline from 90.40 high on Wednesday found support a 89.35 level on the same day, and the Dollar has continued crawling higher during Asian trading time, reaching levels at 90.15.

Initial resistance level lies at 90.10, and above here, 90.50 (Sept 24 high) and 90.85. On the downside support level lies at 89.35 (Sept 30 low), and below here, 89.15 and 88.25 (Sept 28 low).

EUR/JPY remains trading in a flat channel from 130.60 to 131.80, after decline from 135.50 on Sept 21 found support at 129.75. Resistance levels are 132.05 and 132.50/70. Support levels are 131.10/20 and 130.60

Frex: GBP/USD: Pound drops from 1.6125 to 1.5925

2009-10-01T01:08:00.000-07:00

Thu, Oct 1 2009, 06:41 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Sterling's recovery from Monday's low ay 1.5770 was capped on Wednesday at 1.6125 and the Pound has been dropping during U.S. and Asian sessions, reaching levels at 1.5925, session low so far.

At the moment, the Pound attempts to pick up, trading at 1.5960. next support levels lie at 1.5925 (intra-day low/Sept 25 low), and below there 1.5880 and 1.5800 (Jun 8 low). Resistance levels lie at 1.6110 (End August, start September lows) and above here, 1.6200 and 1.6350.

GBP/JPY upside movement from Monday's low at 139.75 has stalled at 144.50 high on Wednesday, and the pair has entered into a sideways channel from 142.80 and 144.00. Resistance levels lie at 144.00 and 144.50. Support levels are 142.80 and 142.05.

Todays Forex Trading Strategy | By Matt JamesBy: Advanced Currency FX

2009-09-29T22:20:00.000-07:00

Stocks ending lower in US trading session on Friday as oil and gold sold off heavily leaving oil back under $70 per barrel and gold coming off the highs of $1012.30 (now at $997.50) due to better than expected consumer confidence level as produced from the University of Michigan. The Yen, as stated in previous reports, is certainly the currency of choice acting as a 'safe haven'. Stocks in asia fell heavily overnight as the fears that the rally in equities over the last 6 months have outpaced the prospects for earnings growth. The likelihood of an Autumn sell off from global equities now becoming far more likely given that the MSCI world stock index fell. European stocks falling in line with the US and Asia, selling across the board during this mornings session as UK financials report further losses to the tume of 130bn pounds in addition to the 110 bn lost since the beginning of the 'credit crisis' in 2007.

Cable trading for late european and US session looks to continue its sell off at US equity futures are looking to open lower at time of writing. Coming off the highs of 1.6690/95, now trading at 1.6530/35 (50% fib ret level for the last weeks trading), which is acting as a support barrier for this morning. Should commodities along with stocks continue to gain momentum, expect a move towards 1.65 ahead of the 61.8% ret level at 1.6480. Resistance back up at the 38.2% level at 1.6580 ahead of 1.66 figure. The pound is also continuing to be battered against the euro as the EU stated that the economy has returned to growth in the current quarter.

Euro trading for today coming off the highs of 1.4605/10, now at 1.4550 at time of writing. As the euro is still remaining strong, certainly against the pound and level against the dollar, a move back towards 1.4560/70 as the yen retraces back of its highs overnight to 132.40/45. The key resistance for euro yen is 132.50 (38.2% fib level for the weeks trading) which if breaks and holds will see a return to 132.90. Should the stocks and commodities continue to fall, expect a retracement from the 38.2% level for euroyen cross over to 1.4515 for eurodollar, which if breaks there will see a return towards 1.4520 ahead of 1.4480.

Yen trading lower against the euro through the asian session and europe as chinese stocks fall overnight. Should US equities continue to fall after the open, expect the Yen to gain once again to head towards the the highs against the dollar at 90.70 ahead of 90.50. Resistance at 91.05 ahead of 91.50 (38.2% fib level for the weeks trading).

USD/JPY seems ready to extend the upside

2009-09-29T22:14:00.000-07:00

Wed, Sep 30 2009, 03:27 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.34. Quoting around past Tuesday highs, pair seems ready to extend the upside during next hours, as price downside remains capped by the 20 SMA that has been guiding the movement for the past 28 hours. 4 hours are also slightly bullish, yet pair needs to break 90.70/80 area to confirm a continuation.

“Under 89.80, pair could fall to 89.50, yet seems unlikely a movement further down for the next 24 hours,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 90.10 89.80 89.50. Resistance levels: 90.35 90.70 91.10.

Tips For Being a Successful Forex Trader

2009-09-28T22:31:00.000-07:00

Bob Williams

If there were really a list of fail-safe tips to investing in the Forex market, we'd all be investors. We'd all be rich. The Forex market is definitely an exciting way to invest, but it doesn't come without risks. Knowing what rules of thumb to follow can help you in your Forex experience and with time you can start making a valid profit. When you're just starting out as a Forex trader, of course you're looking for the best advice on how to be a successful Forex trader. Here are some tips on how to be more successful in your trading:

Educate yourself on Forex: If you go into Forex trading without fully understanding the market, you will lose your money. If you try to get the fastest profit possible by making high-risk decisions, you will lose money. If you jump on board with a shady broker that promises you something that's too good to be true, it probably is, and you'll lose your money. One of the most important protections you can do for yourself is to become knowledgeable before even considering entering the Forex trading market. That time invested in the beginning will pay off in the long run.

Practice- as much as possible: One of the nicest parts of the Forex trading market is the wide variety of trading platforms to choose from- and the free demos you can use to practice with faux money. Most trading platforms offer free demo accounts, with tutorials, forums and advice- before you 'officially' sign up for trading. They're free- the only thing it will cost you is the time you're willing to put in to learn the platforms. You also build your know-how and confidence, before investing your hard-earned money

Patience is a virtue called Forex: If you think you can make a killing on the Forex market overnight, and walk away rich in a month or so, don't even bother. You'll waste your time, your money, and will wind up disappointed. The Forex trade market is a game of patience and perseverance- the more slowly you go, the more time you put in becoming familiar with Forex- the more successful you'll be as a Forex trader. You can't earn without working for it.

Talk with the experts: There are so many reputable Forex traders with tons of experience that you can learn from. From free online ebooks about Forex, to inexpensive courses that can guide you step-by-step- the experts have made money and they know what they're talking about. Go to forums, and pick brains of those who've been Forex trading for awhile. Make contacts and follow Forex newsletters and updates to see what the latest-breaking news is for the market.

Forex trading can be a terrific way to earn either extra money as a supplement, or to even go into Forex trading as a full-time occupation. But to be a successful Forex trader, you'll need to put in just as much effort as you expect in returns. The most successful Forex traders are those who go slowly but steadily- and it's paid off.

The Best Forex Trading Strategies for 2009

2009-09-28T22:27:00.000-07:00

By Bob Williams

The Forex market has certainly come a long way from its beginnings as a specialized investment strategy only open to the wealthiest and largest financial institutes. It's become an everyman market, and it's grown thanks to technology and interest. In fact, it's one of the fastest-growing markets world-wide- and everyone wants a piece of the action. So when you're looking for the latest strategies for investing in Forex in 2009, what should you take into account? What sort of tools are popular, which work the best? As with any investment strategy, it's got to be personal for your investing style. Here are a few considerations:

The latest is the best. The Forex market is changeable by the minute, by the hour and by the day. If your equipment isn't up-to-date, neither are you- so look at traders ebooks from 2009, the newest updates or upgrades of systems that have one-click accessibility, and the fastest on-entry/exit set ups. This might seem obvious to most Forex traders in 2009, but you'd be surprised how many stubbornly stick to the 'old system that's always worked for them.'
Reliable platforms are key. In 2009, the Forex market is huge. Which means all of the scam companies and half-wit brokers are doubling their efforts to get noticed. By using the latest technology on their end, the schemes they 'sell' look reliable until your money is gone. With the economic crisis, it's really important to research the Forex trade platforms thoroughly- wary is the catchword for 2009 investing.

Know your market. The currency pairs available now in the Forex market almost seem countless. However, after deciding on a pair or pairs, put in the time. Follow the economic news closely, keep your account updated and get to know the countries' histories that you're trading in. There are a lot of patterns that repeat in the pairs, which can help you guess at the trend. If you aren't trading in the Big 5, you'll need to bone-up on all of the information about your pair you can.

Keep it simple. Simplicity is bliss in the 2009 Forex market. The latest Forex gadgets that offer so much (but in reality only over-complicate your account, and sap time) aren't worth it. Having 4 or 5 pairs that you don't know well in comparison with one or two you know extremely well will lose your profit. Using Forex trading platforms that are easy to set up, with clear indicators and charts help you trade faster, without unnecessary fuss. The faster you can trade, the faster you can react to the 2009 Forex market and make a profit.

2009 is the year of caution and minimalism in the Forex trading market. The great thing about it is that it's even easier to follow your account(s), it takes a lot less time and it's a consistently growing marketplace. Being smart in 2009 could also mean being richer by the end of 2009.

Essential Elements of a Successful Trader

2009-09-27T22:23:00.000-07:00

Courage Under Stressful Conditions When the Outcome is Uncertain

All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.

You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.

However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.

Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.

Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.

The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement

For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.

The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).

So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.

Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?

If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.

Patience to Gain Knowledge through Study and Focus

Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.

To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.

Trading Forex With A Strategy

2009-09-27T22:17:00.000-07:00

Trading successfully is by no means a simple matter. It requires time, market knowledge and market understanding and a large amount of self restraint.

Anyone who says you can consistently make money in foreign exchange markets is being untruthful. Foreign exchange by nature, is a volatile market. The practice of trading it by way of margin increases that volatility exponentially. We are therefore talking about a very 'fast market' which is naturally inconsistent. Following that precept, it is logical to say that in order to make a successful trade, a trader has to take into account technical and fundamental data and make an informed decision based on his perception of market sentiment and market expectation. Timing a trade correctly is probably the most important variable in trading successfully but invariably there will be times where a traders' timing will be off. Don't loose heart if you loose on some trades. Experienced and seasoned traders do not expect to generate returns on every trade.

Let's enumerate what a trader needs to do in order to put the best chances for profitable trades on his side:

Trade with money you can afford to lose:
Trading forex markets is speculative and can result in loss, it is also exciting, exhilarating and can be addictive. The more you are 'involved with your money' the harder it is to make a clear-headed decision. Money you have earned is precious, but money you need to survive should never be traded.

If in doubt, stay out:
If you're unsure about a trade and find you're hesitating, stay on the sidelines.

Trade logical transaction sizes:
Margin trading allows the forex trader a very large amount of leverage, trading at full margin capacity can make for some very large profits or losses on an account. Scaling your trades so that you may re-enter the market or make transactions on other currencies is generally wiser. In short, don't trade amounts that can potentially wipe you out and don't put all your eggs in one basket.

Identify the state of the market:
What is the market doing? Is it trending upwards, downwards, is it in a trading range. Is the trend strong or weak, did it begin long ago or does it look like a new trend that's forming. Getting a clear picture of the market situation is laying the groundwork for a successful trade.

Determine what time frame you're trading on:
Many traders get in the market without thinking when they would like to get out, after all the goal is to make money. This is true but when trading, one must extrapolate in his mind's eye the movement that one expects to happen. Within this extrapolation, resides a price evolution during a certain period of time. Attached to this is the idea of exit price. The importance of this is to mentally put your trade in perspective and although it is clearly impossible to know exactly when you will exit the market, it is important to define from the outset if you'll be 'scalping' (trying to get a few points off the market) trading intra-day, or going longer term. This will also determine what chart period you're looking at. If you trade many times a day, there's no point basing your technical analysis on a daily graph, you'll probably want to analyse 30 minute or hour graphs. Additionally it is important to know the different time periods when various financial centers enter and exit the market as this creates more or less volatility and liquidity and can influence market movements.

Time your trade:
You can be right about a potential market movement but be too early or too late when you enter the trade. Timing considerations are twofold, an expected market figure like CPI, retail sales or a federal reserve decision can consolidate a movement that's already underway. Timing your move means knowing what's expected and taking into account all considerations before trading. Technical analysis can help you identify when and at what price a move may occur.

Gauge market sentiment:
Market sentiment is what most of the market is perceived to be feeling about the market and therefore what it is doing or will do. This is basically about trend. You may have heard the term 'the trend is your friend', this basically means that if you're in the right direction with a strong trend you will make successful trades. This of course is very simplistic, a trend is capable of reversal at any time. Technical and fundamental data can indicate however if the trend has begun long ago and if it is strong or weak.

Market expectation:
Market expection relates to what most people are expecting as far as upcoming news is concerned. If people are expecting an interest rate to rise and it does, then there usually will not be much of a movement because the information will already have been 'discounted' by the market, alternatively if the adverse happens, markets will usually react violently.

Use what other traders use:
In a perfect world, every trader would be looking at a 14 day RSI and making trading decisions based on that. If that was the case, when RSI would go under the 30 level, everyone would buy and by consequence the price would rise. Needless to say, the world is not perfect and not all market participants follow the same technical indicators, draw the same trendlines and identify the same support & resistance levels. The great diversity of opinions and techniques used translates directly into price diversity. Traders however have a tendency to use a limited variety of technical tools. The most common are 9 and 14 day RSI, obvious trendlines and support levels, fibonnacci retracement, MACD and 9, 20 & 40 day exponential moving averages. The closer you get to what most traders are looking at, the more precise your estimations will be. The reason for this is simple arithmetic, larger numbers of buyers than sellers at a certain price will move the market up from that price and vice-versa.

Colombia Stk Index Ends Above 11,000 Points, Highest In 2 Yrs

2009-09-27T02:03:00.000-07:00

Fri, Sep 25 2009, 22:47 GMT
http://www.djnewswires.com/eu

Colombia Stk Index Ends Above 11,000 Points, Highest In 2 Yrs

BOGOTA (Dow Jones)--The Colombian benchmark stock index Friday ended above 11,000 points for the first time in almost two years as there is an increasing appetite for local stocks.

The IGBC rose 1.1% to 11,078.43 points. The index hadn't closed that high since Nov. 30, 2007.

"There is an excess of liquidity in the local market and the returns on fixed income is so low that people prefer to buy stocks," Felipe Campos, a market analyst with local brokerage Alianza Valores, said.

He added there is optimism about the crisis that wasn't as severe as originally feared and the recovery seems under way, he said.

On Thursday the Colombian statistics department said the country's gross domestic product contracted 0.5% in the second quarter compared with the same period in 2008, but expanded 0.7% compared with the previous quarter. Analysts and government officials have said the data show a recovery is slowly starting.

Campos said the index will likely surpass its all-time record of 11,433.26 points hit in January 2005 and will end the year between 12,500 points and 13,000 points.

Shares of state-controlled telephone company Empresa de Telecomuniaciones de Bogota SA (ETB.BO) rose 2.3% to 1,105 Colombian pesos ($0.57), while shares of state-controlled oil company Ecopetrol SA (ECOPETROL.BO) gained 0.9% to COP2,695.

On the currency market, the peso strengthened to COP1,924 to the dollar from COP1,928.1 on Thursday and on the debt market, the yield on the peso-denominated government bond maturing in 2020 ended at 9.132% from 9.14% on Thursday.

By Inti Landauro, Dow Jones Newswires; 57-1-610 70 44 Ext. 1131; colombia@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=GlH6AMTSSOGIVuxVW%2BwH7g%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 25, 2009 18:47 ET (22:47 GMT)

How to Invest in Forex Mutual Funds

2009-09-25T21:34:00.000-07:00

Step 1
Learn how to read a forex quote. This is a ratio of one currency to another. USD/EUR is the price of a US dollar as expressed in Euros. The currency listed first is the base currency (usually the stronger currency at the time of the quote) and is given a value of 1. The second currency is the counter currency and derives its value in relation to the base. If the USD/EUR quote is 1.21, that means 1 US Dollar has the same value as 1.21 Euros.

Step 2
Understand the definitions of pip and spread. Prices in foreign exchange are expressed in pips--percentage in points. The pip is the number in the fourth place from the decimal point, or 1/100th of 1 percent. If USD/EUR is 1.1300/1.1304, there is a 4-pip spread between the two currencies.

Step 3
Learn about bid and ask. The "bid" is the selling price for the base currency and the "ask" is the price to buy the base currency. Both transactions are done simultaneously.

Step 4
Learn about leverage and margin. Leverage is the ability to trade without having to put up the entire amount of the transaction. Margin is the minimum amount required in order to participate in a trade, usually 1 to 2 percent. The forex market allows higher leverage because major currencies are less volatile than stocks; higher leverage also allows amplification of both profit and loss. Because of this, the forex market is more volatile than the stock market.

Step 5
Select a mutual fund. Unlike the stock market, the forex market has tiers of access. An individual investor would find it difficult to gain significant access. Furthermore, in a 24-hour market, it is difficult for individuals to keep track of investments with any degree of vigilance. Most retail investors work through specialized mutual funds. Search online for managed funds to choose from. Your choice will depend on your desired level of risk, the fund's past performance, the fee structure, and restrictions on deposits and withdrawals.

Forex Glossary

2009-09-25T21:22:00.000-07:00

American-style option An option contract that may be exercised at any time before it expires.

Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

Base Currency For foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. For example, in a USD/JPY currency pair, the US dollar is the base currency. Also may be referred to as the primary currency.

Bid The quoted price where a customer can sell a currency pair. Also known as the 'bid price' or 'bid rate'.

Bid/Ask Spread The point difference between the bid and ask (offer) price.

Call A call option gives the option buyer the right to purchase a particular currency pair at a stated exchange rate.

Counterparty The counterparty is the person who is on the other side of an OTC trade. For retail customers, the dealer will always be the counterparty.

Cross-rate The exchange rate between two currencies where neither of the currencies are the US dollar.

Currency pair The two currencies that make up a foreign exchange rate. For example, USD/YEN is a currency pair.

Dealer A firm in the business of acting as a counterparty to foreign currency transactions.

Euro The common currency adopted by eleven European nations (i.e., Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain) on January 1, 1999.

European-style option An option contract that can be exercised only on or near its expiration date.

Expiration This is the last day on which an option may either be exercised or offset.

Forward transaction A true forward transaction is an agreement that expects actual delivery of and full payment for the currency to occur on a future date. This term may also be used to refer to transactions that the parties expect to offset at some time in the future, but these transactions are not true forward transactions and are governed by the federal Commodity Exchange Act.

Interbank market A loose network of currency transactions negotiated between financial institutions and other large companies.

Leverage The ability to control large dollar amount of a commodity with a comparatively small amount of capital. Also known as 'gearing'.

Margin See Security Deposit.

Offer See ask.

Open position Any transaction that has not been closed out by a corresponding opposite transaction.

Pip The smallest unit of trading in a foreign currency price.

Premium The price an option buyer pays for the option, not including commissions.

Put A put option gives the option buyer the right to sell a particular currency pair at a stated exchange rate.

Quote currency The second currency in a currency pair is referred to as the quote currency. For example, in a USD/JPY currency pair, the Japanese yen is the quote currency. Also referred to as the secondary currency or the counter currency.

Rollover The process of extending the settlement date on an open position by rolling it over to the next settlement date.

Retail customer Any party to a forex trade who is not an eligible contract participant as defined under the Commodity Exchange Act. This includes individuals with assets of less than $10 million and most small businesses.

Security deposit The amount of money needed to open or maintain a position. Also known as 'margin'.

Settlement The actual delivery of currencies made on the maturity date of a trade.

Spot market A market of immediate delivery of and payment for the product, in this case, currency.

Spot transaction A true spot transaction is a transaction requiring prompt delivery of and full payment for the currency. In the interbank market, spot transactions are usually settled in two business days. This term may also be used to refer to transactions that the parties expect to offset or roll over within two business days, but these transactions are not true spot transactions and are governed by the federal Commodity Exchange Act.

Spread The point or pip difference between the ask and bid price of a currency pair.

Sterling Another term for British currency, the pound.

Strike price The exchange rate at which the buyer of a call has the right to purchase a specific currency pair or at which the buyer of a put has the right to sell a specific currency pair. Also known as the 'exercise price'.

Forex Made Easy: 6 Ways to Trade the Dollar

2009-09-23T21:56:00.000-07:00

Forex Made Easy is the first no-nonsense, step-by-step introduction to making the FOREX an integral part of your overall trading program.

The first plain-English introduction to foreign currency exchange trading – one of today's hottest profit opportunities

The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.
FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks – founder of the popular trading software 4X Made Easy – draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.
This Forex guidebook provides traders with:

Methods for gaining an advantage using technical analysis
An easy-to-follow, six-step process for FOREX trading
Dozens of examples to illustrate key points

From the Back Cover

How Investors of Every Size Can Profit From Today's Largest Trading Market

Newly-developed online trading tools and tactics have helped individual investors smash the barriers between Main Street and Wall Street. Nowhere is this more evident than in the foreign currency market, or FOREX. Recent rule changes have opened this phenomenally lucrative market – formerly reserved for banks, corporations, and high net worth individuals – to independent investors, many of whom start with as little as $300! FOREX Made Easy is the first no-nonsense, step-by-step introduction to making the FOREX an integral part of your overall trading program. Pulling back the curtain to reveal how simple and straightforward FOREX trading actually can be, this results-based manual takes you through an easy-to-follow, six-step process to:

Trade the FOREX market online, 24 hours a day, six days a week.
Practice market-proven techniques guaranteed to minimize your risk exposure.
Use unheard-of 100:1 leverage to make the most of your limited trading capital.

FOREX trading has quickly become one of the investing world's hottest opportunities, for all traders and investors, regardless of their size or strategy. Discover how to make it work for you, in renowned FOREX trading pioneer James Dicks commonsense yet revolutionary FOREX Made Easy.

I have put together what I feel to be a very investor-friendly understanding of the FOREX market and how to trade it. This is for the everyday investor, looking for an alternative to the stock market for better portfolio diversification.”

From the Introduction

The foreign currency market is the largest and most liquid trading market in the world, with $1.5 trillion or more traded every day. And in our increasingly barrier-free global financial markets, online traders and investors armed with inexpensive point-and-click trading systems, along with a new attitude that markets should be open to all traders, all the time, have made it among the most accessible!

Problem is, the majority of books written on FOREX trading have been needlessly complex and technically dense, written for institutional investors making billion dollar-plus trades. FOREX Made Easy changes all that, telling you everything you need to know minus the unnecessary detail and tactics. The first book to provide you with only the information you need, to allow you to get a feel for the market and determine how to fit FOREX trading into your long-term investing program, this straight-talking guidebook reveals:

Clear instructions for setting up a trading station, opening an account, and placing your first order.
Business and tax strategies for squeezing every financial advantage from your FOREX trading practices.
6 Steps to FOREX Success – Concise, effective rules for successful trading.
Fundamental analysis and the FOREX – Economic indicators, inflationary indicators, and more.

FOREX Made Easy gives you much more than just facts and numbers. This first-of-its-kind book provides you with the tools and techniques you need to stand toe-to-toe with the world's most powerful traders and institutions, using FOREX trading like they have for years to both offset your market risks and augment your profits. Simple, uncomplicated, and filled with examples of individual traders using their smaller size to tremendous advantage in the institution-dominated FOREX, it will open your eyes to an opportunity that is unique, unprecedented, and bound to become a staple for traders looking for new sources of profits, and innovative techniques to protect those profits.

Asian markets retreat from year highs; Pound drps, Euro in range

2009-09-17T23:09:00.000-07:00

Fri, Sep 18 2009, 06:04 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Asian markets have through declines in Friday, retreating from fresh year highs hit on Thursday, with Japanese benchmark Index down as one of its biggest consumer lending firms revealed unable to pay its debts; The Pound has declined further, while Euro and Yen consolidate right below Thursday's highs.

Japanese Nikkei Index has dropped 0.8% weigheer by lending firm Aiful Corp, which has problems to repay its debts with the creditors.

Hong Kong Hang Seng Index declined 0.3%, while Chinese Shangai Composite Index shed 1.1%. In Australia, the S&P Index declined 1% and South Korean Kospi Index went 0.8% up.

Euro holds gains; Pound plunges

EUR/USD has remained trading in a range from 1.4700 to 1.4750 after retreating on Thursday from a fresh 11-month high at 1.4770. At the moment of writing, the Euro trades at 1.4725 after having tested 1.4695 support.

GBP/USD decline from September 10 high at 1.6475 has extended during Asian session, as the Sterling gave away about 100 pips, dropping from U.S. session high at 1.6565, to hit a fresh intra-week low at 1.6355.

USD/JPY remains trading in range above 91.00 after recovery on Thursday from 90.50 low, reached resistance area at 91.65. On a larger perspective, te Dollar has remained trading in a range roughly from 90.30 to 91.65 since last week's decline from Sept 7 high at 93.30.

Forex Trading Strategies For Success - A Simple One the Pro's Use For Huge Gains

2009-09-17T22:58:00.000-07:00

Of you are looking for Forex trading strategies for success, then the one enclosed is one that most traders ignore, despite the fact it works and many of the world's top traders use it - let's look at it in detail and see how it can lead you to Forex trading success.

The strategy is based upon simple facts about Forex price movement which are...

Currency markets trend and move in a sustained direction for long periods and these big trends can make you a lot of money, if you trade them with leverage on your side. So how do you get in on these trends? The answer is simple and a close look at any currency pair, will show you how a bullish currency trend starts and continues...

They break new chart highs so, if you focus on getting into the big trends, via breakouts and holding them, you can make a lot of money. While this sounds a simple, the losing majority of traders, simply cannot trade these breaks.

In their mind, they feel they have missed the start of the move and want to wait for a dip back to the breakout point this logic is wrong!

If you look at the best breakouts they don't come back, they carry and the trader who waits for the dip back misses a great trading opportunity.

Of course, not every break to new chart highs continues, so you have to look to trade levels which have been tested a few times before the breakout occurs, by a few, I mean at least six or more.

These levels will be considered important by the market and when they break, the supply and demand situation will have changed and the odds of a continuation of the break are good.

You will get a few good breakouts each month and there enough to make you a lot of money if you get into them and hold them.

Breakout trading works and many of the top traders use this method and while it appears you have missed the start of the trend ( which of course you have) you can't predict that anyway, so simply, focus on how much profit will be ahead of you as the trend develops!

Breakout trading, is ignored by most traders but its a proven way to make huge profits, so try it and you will have one of the best Forex trading strategies for success and be in the company of some of the world's best traders who use this method to enjoy Forex success.

Live Forex TV

2009-09-16T13:41:00.001-07:00

3 Money-Making Tips For The Best Forex Picks

2009-09-15T22:58:00.000-07:00

There is no need for advertisements when it comes to the Forex market. Just by worth of the market itself, comprising of a turnover of more than 5 trillion dollars a day should give you a pretty good picture just how big the potential pie is and how much opportunity there is out there for you to make some really good money. But is essential for potential trader to understand fully the market if they are really serious about making money in the paper trade.
More than 90% of the new investor movements into the market are not able to sustain their presence and soon lose their initial margins – and often do not come back. You need to be part of that 10% that manage to fight through the volatile market, make the right money making decisions and get the best Forex picks.
The best tip for Forex investors is to pick a currency pair that they are most comfortable with and do not choose exotic currencies from countries where they barely have any idea about the market conditions or financial trading rules that rule them.You might just be blind-sided by some archaic banking rules that circle some of these exotic currencies, so choose the popular currencies that are being traded and choose a pair that you know you can get comfortable with and you can study over time. Also, the next thing you need to know about is how to combine technical and fundamental analysis together to be effective in your trading.
Technical analysis is very technical, there is a whole host of charts, bars, diagrams, candlesticks diagrams and jargon you need to be familiar with; but this is important.Fundamental analysis shows you where the market might be going based on external information like political situations and economic weather in the global market, so you need to combine three things. Study where the market has been, use technical analysis to see what is going on in the market and fundamental analysis to ascertain where it might be headed in the near future.
One you have secured these 3 things, you are ready to proceed on the right track and make the right decisions, just in time to reap your profitable pips.Last but not least, you need to have a grasp of technical terms and jargon like pivot points, pips (as mentioned), price feeds and have a good Forex system that can crunch these numbers in real time and present you with enough information to make wise decisions.There are many more money making secrets from Forex market out there but these are just some of the best tips that you can use to make the best Forex picks for yourself. Having the right combination of information can definitely lead you places and will see your investment portfolio grow like you have never seen it grow before this article. Adhere to these tips and you can be guaranteed of a money making success in the Forex market in time to come

Simple trading with Daily range

2009-09-13T09:05:00.000-07:00

Submitted by Stuart (BE)

This method is basically to do with what a pair moved like the previous 24 hour period.

In this, I will use the GBPJPY, but one could use it on any pair.

Method/Strategy:
You choose your own 24 hour period move - here as an example I will be using 21:00 to 21:00 GMT+1 (my local time).
Mark the High, Low and Close for selected 24 hours

For example, the GBPJPY for the last 24 hours was: H138.67 L136.00 and C138.13
Now total movement was (high-low) 267 pips.
You set your Buy and Sell orders 25% of the 267 total move away from the Close price. Therefore, 25% of 267 pips is 67 pips, thus your orders would be:
BUY at 138.80 (Close + 67 pips)
SELL at 137.46 (Close - 67 pips)

Set your TP also only to 25% of the previous days move - in this case also 67 pips. In theory, if the chosen pair then move only 50% of the previous days total move, you profit ...

Set your SL levels 10 pips away from the opposite order.

I have attached a Spread Sheet with all the formulas. All you need do is put in the High, low and close, and it will give you all the figures ... your buy, sell, take profit and stop loss.

25__MOVE.xls

Depending on what time zone you are in, I would suggest setting your orders before "your" market opens ... in my case it would be the London Market at 08:00 GMT.

Thanks a million, and any feed back from the pro's would be appreciated.

JPY cuts a swath through the market on sustained bond market strength

2009-09-12T10:55:00.000-07:00

Fri, Sep 11 2009, 14:06 GMT

by John Hardy

AUDUSD and AUDJPY at odds - which one is "right"? University of Michigan Confidence on tap.

MAJOR HEADLINES – PREVIOUS SESSION

Japan Q2 GDP adjusted down to 0.6% QoQ from 0.9% QoQ

China Aug. Producer Price Index fell -7.9% YoY vs. -8.2% in Jul.

China Aug. Purchasing Price Index fell -11.4% YoY vs. -11.7% in Jul.

China Aug. Consumer Price Index fell -1.2% YoY in Aug. vs. -1.3% expected and -1.8 % in Jul.

China Aug. Industrial Production rose 12.3% YoY vs. 11.8% expected and 10.8% in Jul.

China Aug. Retail Sales rose 15.4% YoY vs. 15.3% expected and 15.2% in Jul.

China Aug. New Yuan Loans rose to 410B vs. 320B expected and 456B in Jul.

China Aug Trade Balance rose to $15.7B vs. $13.6B expected and $10.6B in Jul.

Japan Aug. Consumer Confidence rose to 40.4 vs. 40.2 expected and 39.7 in Jul.

Sweden Q2 GDP out at +0.2% QoQ vs. 0.0% expected and 0.0% in Q1

UK Aug. PPI Input/Output out at 2.2%/0.2% vs. 1.0%/0.3% expected

Canada Jul. New Housing Price Index rose 0.3% MoM vs. -0.1% expected

US Aug. Import Price Index rose 2.0% MoM vs. 1.0% expected and fell -15.0% YoY vs. -15.9% expected

THEMES TO WATCH – UPCOMING SESSION

(All times GMT)

Upcoming Economic Calendar Highlights

US Sep. Preliminary University of Michigan Confidence (1400)

New Zealand Jul. Retail Sales (Sun 2245)

New Zealand Aug. REINZ House Sales (Mon 0000)

Market Comments:

China still looking strong

China's fresh data overnight looks very impressive, though it doesn't seem the market takes much impetus from these data releases, though the strength in Chinese equities contributed to sustained strength in other world equity markets. The New Yuan Loans figure for August was up from the July figure, but is still a small fraction of the enormous stimulus unleashed on the Chinese economy in previous months, so the pessimists will be out looking at whether the sharp reduction in credit stimulus shows up in months to come. It's tough to draw a bead on the Chinese economy due to the nature of the calculations of its statistics and wildly diverging reports on its prospects. Whether the housing market is a bubble is a vital question: an article from Reuters today notes that affordability is a significant problem in key markets like Shanghai and Berlin, where mortgage cost about 75% of income (though the article questions the calculation of average income and indicates that ).

So far, China seems to be navigating the demand drop from abroad with aplomb - and must continue to do so for the rosy scenario already priced into markets to continue to play out. Auto sales have surge recently and GM says that the country's auto sales could surpass those in the US this year as China becomes the world's largest auto market. Despite the clear evidence of a credit clampdown by banks over the last couple of months, premier Wen Jiabao promised to keep stimulus measures in place, saying "we cannot and will not change the direction of our policies when the conditions aren't appropriate (since the rebound is "unstable, unbalanced and not yet solid"). Our expectations are for weak external demand in China's export markets over at least the coming year (and the one very weak spot in the Chinese data overnight was the export drop of -23.4% YoY for Aug. vs. -19% expected) - so the question is whether China can continue to weather the external demand shock with internal solutions aimed at infrastructure buildout and consumption growth.

JPY strength

JPY certainly wasn't looking for direction from the revision to Japan's GDP overnight (down) nor the strong Chinese data, as it rallied sharply overnight and into the European session. The JPY still seems to get more pull from moves in other markets. This time around it is likely interest rate spreads that are giving the JPY a push, as it finally responded to the very strong signals at the short end of the curve where interest rates spreads have tightened sharply in favor of the JPY in recent days. If we are to pay attention to rate spreads any longer, in fact, then the likes of especially EURJPY (on the last cycle of dovish ECB comments) and other JPY crosses to a lesser extent have further to sell off in the near term to price in the latest tightening. By the 2-yr. interest rate spread measure, USDJPY looks fairly priced. USDJPY is now nearing critical territory at the 90 level - much below here and the pain begins to become ratchet up for the Japanese economy. Let's see how the new administration responds beyond 90, if that comes to pass.

AUDJPY and AUDUSD - out of synch

Just as yesterday we noted the confusing combination of a weak US dollar and very strong US bond auction results - if the market theme is one of "sell the USD due to fiscal profligacy", then why is demand till robust at the longest end of the curve. Another sign of the divergence in the last leg of the market action is the divergence in the behaviour of the USD and the JPY. The JPY has found intermittent support from the still relatively strong fixed income market, while it has been held back at times by the very strong risk appetite in asset markets and traditional carry trade boost that this gives. Meanwhile, the USD has broken strongly to the downside recently. This divergence is very evident in the comparison of the AUDUSD and AUDJPY pairs shown in today's chart - which tracks AUDUSD and AUDJPY on an indexed basis since mid-2007 and shows the two pairs' rolling 40-day correlation. AUDUSD has touched new highs for the cycle recently, while AUDJPY remains well off its highs for the cycle and has been in a back and forth pattern over the last few weeks. There is no consistent pattern as to which pair is the leading indicator, but we have a hard time imagining that this kind of divergence can continue for long. Either JPY must join the USD in the ranks of the weaklings among the G-10, or the USD needs to find strength. (There is a third scenario of course: AUD volatility spikes very strongly relative to USD and JPY volatility and gets the pairs moving in synch again.) We assume in our setup here that the fourth scenario of continued and sustained divergence in the pairs' moves continuing for more than a few more sessions will not happen.

Looking ahead

As long as the Chinese growth story bulls ahead and asset markets remain robust, it is hard to see what is going to stop this USD sell-off in the near term, even if we fear the market is pricing in far too robust a recovery further out. Is 1.5000 in EURUSD the next big psychological target? Looking to play on further USD weakness, we might ought to turn our eyes on USDCAD after yesterday's fairly compelling bearish reversal, though it did take place within the range... The 1.0800 area in USDCAD has not really held here after yesterday's bearish inverted hammer reversal. If the pair can work its way below the 1.0750 level (0.618 Fibo of the recent rally), it could push lower below the lows for the cycle and perhaps to 1.0450 (target calculated with Fibo extension)

U.S. markets turn to gains; Dollar at year lows

2009-09-09T07:21:00.000-07:00

Wed, Sep 9 2009, 14:13 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - U.S stock markets are going trough gains on early Wednesday's session after an slightly weak opening, with the investor's focus on gold prices, which have stalled right at 1,000 level. The Dollar remains losing ground against Euro and Pound.

Dow Jones Industrials Index trades 0.29% above its opening level, while the Nasdaq Index trades 0.43% up, and the S&P Index rises 0.38% in the first hour of trading.

in absence of macroeconomic events on early trade, investors focus is set on the Fed's Beige Book, which will be released later on the day, for hints about the strength of U.S. economic recovery

Dollar, at year lows

EUR/USD has broken above the sideways range around 1.4500 seen during European morning, and the pair has reached another 2009 high at 1.4589, and remains trading at short distance below 1.4600

GBP/USD bounced on 1.6455 on European session and the pair has taken back previous losses to reach session low at 1.6573 on early U.S. session, few pips short of Tuesday's high at 1.6585.

USD/JPY has declined from 92.60 day high, and the pair has breached below early July low at 94.95 to reach a fresh 7-month low at 91.60.

EUR/USD (Sep 09 at 14:17 GMT)

1.4580/82 (0.60%) H 1.4595 L 1.4463

Forex: EUR/USD: Euro hovering around 1.4500, over-bought in 4hr charts

2009-09-09T04:20:00.000-07:00

Wed, Sep 9 2009, 10:43 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - The Euro soared yesterday to hit a fresh 2009 high at 1.4535, and the pair edged down to consolidate in a range from 1.4475 to 1.4520 where it has been moving fro mos of European and Asian sessions. At the moment of writing, the Euro moves at 1.4495.

On the 4 hour chart, the Euro remains flowing in overbought territory, and, according to Greg Holden, technical analyst at ForexYard, the pair could be about to correct to the downside: "The price of this pair appears to be floating in the over-bought territory on the 4-hour chart's RSI indicating a downward correction may be imminent. The downward direction on the daily chart's Slow Stochastic also supports this notion. Going short might be a wise choice."

Resistance levels lie at 1.4515, and above here 1.4535 (Sept 8 high) and 1.4550/70 projection. On the downside, initial support level lies at 1.4460/75, and below here, 1.4405 (Aug 27 high) and 1.4365/75 (Aug 21,25 and 31 highs).

Forex: USD/JPY: Dollar rebound at 92.00 reaches 92.60

2009-09-09T04:19:00.000-07:00

Wed, Sep 9 2009, 10:24 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Support at 92.00 has proven strong enough to hold Dollar decline from 93.30 on Tuesday, and the pair bounced up during Asian and European session Wednesday to reach levels at 92.60 at the moment of writing, 0.30% above its day opening level.

Today's pick up, according to Stoyan Mihaylov, technical analyst at Deltastock.com, is corrective in nature, and the Dollar looks likely to break below 92.25: "As expected, the pair reversed above 92.+, but the rise is corrective in nature, so we will expect a break below 92.25 to target next support area around 90.35. Intraday bias is still positive, supported at 92.38, with a maximum target below 93.82 resistance."

Resistance levels lie at 92.70/80 (Sept 7 low) and above here, 93.10 and 93.30 (Sept 7 high). On the downside, initial support lies at 92.00 (Sept 8 low) and below there, 91.95 (Sept 3 low) and 91.75/80 (13/8 Jul lows).

Euro edges up ahead of ECB; yen falters

2009-09-03T05:14:00.000-07:00

* Euro up 0.2 pct at $1.4290 EUR=; up 0.4 pct vs yen

* Yen retreats from 7-wk high vs dollar

* ECB seen standing pat on rates; focus on Trichet

LONDON, Sept 3 (Reuters) - The euro edged higher against the dollar and yen on Thursday ahead of a European Central Bank policy meeting where policymakers are seen leaving interest rates unchanged while upgrading their economic forecasts.

The yen retreated from a seven-week high against the dollar as European shares edged up, taking a cue from a rally in Chinese shares, which prompted investors to trim holdings of the low-risk Japanese currency.

The ECB is expected to announce it will keep rates at a record low 1.0 percent at 1145 GMT. ECB President Jean-Claude Trichet will to speak to reporters at 1230 GMT, and is expected to acknowledge improvements in the economy but still retain a cautious stance.

Analysts said expectations the central bank may offer a rosier view about the economy were helping support the euro.

"There's no doubt that the forecast is going to be revised higher, it's just a matter of how much," said Stephen Koukoulas, global strategist at TD Securities in London.

"A confirmation of this will be something that the market will take with a degree of optimism, which could result in a mildly bullish tone for the euro."

The euro brushed off a strong reading of the euro zone services Purchasing Managers' Index, which showed a final reading of 49.9 in August from a flash estimate of 49.5. [ID:nLAG003715]

At 0947 GMT, the euro was up 0.2 percent at $1.4290 EUR=. Against the yen it was up 0.4 percent at 132.11 yen EURJPY=R.

The euro was supported by a 0.2 percent rise in European shares . They tracked a near 5 percent climb in Shanghai shares .SSEC earlier on Thursday, stoking some risk demand.

The dollar fell as low as 91.94 yen JPY= on trading platform EBS on Thursday, its lowest since July 13, as investors continued to cut dollar holdings after a weaker-than-expected U.S. private-sector jobs report on Wednesday.

The U.S. currency later edged up, last trading at 92.41 yen, up 0.2 percent from late U.S. trade on Wednesday.
Traders offered limited reaction to comments from Hirohisa Fujii, a top adviser to Japan's newly elected ruling party who told Reuters a strong yen was good for Japan, and that officials must not intervene in currency markets unless they are moving abnormally. [ID:nTKF106577]

The high-yielding Australian dollar AUD=D4 rose 0.6 percent to $0.8380, supported by gains in gold prices XAU=.
Sterling gained broadly, hitting a one-week high against the euro of 87.35 pence on the back of a strong reading of UK services PMI. [ID:nL3426737]

RIKS HOLDS RATES

Dealers took their cue from stocks but markets were becoming somewhat wary of taking on too much risk as policymakers have indicated a cautious stance on the economic outlook.

Big positions were also being avoided ahead of key U.S. jobs report on Friday.

"The market is becoming more cautious toward risk assets, positioning for a potential downward correction," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ, noting September was generally an unfavourable month for stocks.

Sweden's central bank left its key interest rate at a record low of 0.25 percent as widely expected, and said it is expected to remain low over the coming year. [nL3361145]

The euro rose to a session high of 10.3480 crowns EURSEK=D4 in the aftermath of the decision and statement, climbing from around 10.29 crowns beforehand. (Additional reporting by Tamawa Kadoya, editing by Chris Pizzey)

Forex: EURUSD breaks 1.4315 and tests 1.4330 ahead ECB rate decision

2009-09-03T05:10:00.000-07:00

Thu, Sep 3 2009, 11:34 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – After several attempting to break 1.4315 resistance level during the European session, EUR/USd has finally broken this level and it has risen around 45 pips from 1.4285 support to post 1.4330 as fresh intra-day high ahead of the ECB rate decision.

Currently the pair is trading around 1.4320/30, 0.50% above today's opening price action.

Stoyan Mihaylov, analyst at Deltastock, expects a Euro higher: “EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.”

Mihaylov concluded: “We favor the idea, that an uptrend is already on the run, aiming at 1.4344 and 1.4444, en route to 1.4653. Crucial for the intraday positive trend is 1.4253 support area.”

Crude Oil Prices Increased by $70 to $72.79 on Friday

2009-09-02T09:50:00.000-07:00

Crude Oil got in position on Friday 29, Aug. This increase may be a mark of strength due to rebounding of economies, Crude Oil Price seen $ 72.74 a barrel, London Brent Advanced on $72.79 a barrel after 28 Cent increment.

Oil prices have moved dramatically this past week between $70 and $75 a barrel without clear long-term direction. "Crude futures are banging back and forth between support and resistance here. We saw a 10-month high at $75 earlier this past week, but actually the supply situation is still unchanged," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.

Pakistani Currency lost V/S US Dollar at the end of last week

2009-09-02T09:42:00.000-07:00

As Dollar demand is getting stronger and Dollar buying graph against Pak Rupee is marking upward this is why Rupee bore losses against Us Dollar at the end of last week on 29, Aug. We saw Pakistani Rupee lost 5 Paisa in Interbank Market against Dollar and settled at buying and selling at 83.10 and 83.15. In the Open market Pakistani Rupee lost 15 Paisa against US Dollar shown at 83.00 buying and 83.15 selling .This is a regular weakness of Pakistani Currency against the US Currency.

The Pakistani rupee also weakening again Euro upto 5 paisa for buying and selling at Rs 117.80 and Rs 118.30.

INTER-BANK RATES:
August 25, the Pak Rupee gained 27 paisa against US dollar for buying and selling at 82.78 and 82.83.

August 26, the Pak Rupee gained 3 paisa against US dollar for buying and selling at 82.75 and 82.80.

August 27, the Pak Rupee fell by 13 paisa against US dollar for buying and selling at 82.88 and 82.93.

August 28, the Pak Rupee lost by 17 paisa against US dollar for buying and selling at 83.05 and 83.10.

August 29, the Pak Rupee lost by 5 paisa versus US dollar for buying and selling at 83.10 and 83.15.

OPEN MARKET RATES:
August 24, the Pak Rupee lost 5 paisa against US dollar for buying and selling at 82.90 and 83.00. The rupee, however, gained 5 paisa in relation to euro for buying and selling at Rs 117.70 and Rs 118.20.

25 August, the Pak Rupee gained 10 paisa against US currency for buying and selling at 82.80 and 82.90. The rupee also picked up 15 paisa against euro for buying and selling at Rs 117.55 and Rs 118.05.

26 August, the Pak Rupee gained by 10 paisa against US dollar for buying and selling at 82.70 and 82.80. The rupee, however, lost 10 paisa against euro for buying at Rs 117.65 and lost 20 paisa for selling at Rs 118.25.

27 August, the Pak Rupee was stable against US dollar for buying and selling at 82.70 and 82.80. The rupee, however, Pak Rupee gained 55 paisa for buying at Rs 117.10 and 65 paisa for selling at Rs 117.60 against euro.

28 August, the Pak Rupee lost 15 paisa against US dollar for buying and selling at 82.85 and 82.95. The rupee also lost 1.20 against euro for buying and selling at Rs 118.30 and Rs 118.80.

29 August, the Pak Rupee lost 15 paisa against US dollar for buying and selling at 83.00 and 83.10. It lost 50 paisa against euro for buying and selling at Rs 117.80 and Rs 118.30.

Pak Rupee faced up against US Currency by Monday

2009-09-02T09:37:00.000-07:00

(September 1st 2009 Forexkp): Pak rupee recovery is going on slightly against dollar today in the currency market, As per the figures of market Pak rupee on the interbank market the gained 8 paisa versus US Dollar for buying and selling at 83.02 and 83.07

.Asian market shown at its opening that yen rose to its highest in seven weeks against US dollar, This boost is seems due to fulfilling the expectations of Japanese with at the end of election uncertainty, wining of the opposition Democratic Party of Japan (DPJ) in association of dollar sell orders. The yen edged up and gathered pace as automatic dollar sell orders were triggered close to 93.00 yen per dollar.

Interbank market rates on Monday: Interbank rates on closing of the day on Monday observed after a gain of 8 paisa as Buying Rs. 83.02 and selling Rs. 83.07, On Tuesday Pak rupee is again in up trend against US Dollar by buying at 82.90 and selling at 83.10.

OPEN MARKET RATES: The rupee rose up to five paisa in parallel to dollar for buying and selling at 82.95 and 83.05, dealers said. Pak rupee also gained by 50 paisa against euro for buying and selling at Rs 117.30 and Rs 117.80. On Tuesday Pak Rupee is on rise into the Open Market buying 82.85 and selling 83.20.

Yen remains bearish after general elections

2009-08-30T22:04:00.000-07:00

Mon, Aug 31 2009, 03:28 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.31. Bearish pressure remains intact in the pair, as expected after general elections. Very close to 93.20, already tested twice and where the pair could be forming a double floor, break under that level could accelerate the fall, with immediate support around 92.80. If 93.20 holds, neck for the double bottom will be at 94.05.

“Confirmations above that level, could send the pair higher, thus seems unlikely as bigger time frames also support further falls,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 93.20 92.80 92.50. Resistance levels: 93.70 94.10 94.45.

Forex Scalping Guide - Conclusions

2009-08-28T22:13:00.000-07:00

This article is part of our guide on how to use scalping tequniques to trade forex. If you haven't already we recommend you read the first part of series on forex scalping.

Not all traders will do well in scalping, but many can acquire the necessary skills for this strategy by careful practice using a step-by-step approach. As with most other activities, it is better to begin your training at the most basic level and to add upon your gains at each pace to approach perfection.

Controlling your emotions will probably be the first challenge you face as a beginning scalper. It may be difficult to adapt to the violent swings that you will have to deal with routinely, but by avoiding certain time periods, and adjusting your stop-loss order accordingly, there should never be too big a danger in scalping.

We’ll conclude this article by briefly listing the principles which must be adhered to by a committed scalper before consistent profitability is attained.

1. Discipline: Scalping is for disciplined traders. A methodical, even mechanical approach to trading will increase the potential profits of any scalper, and if automation is necessary, there is no logic in delaying it. Acquiring mental discipline may require time and effort, but its beneficial in every aspect of life, and nothing will be lost as you put your trading career in order. If a trade must be closed, it must be closed. If losses need to be taken, they must be. Scalping doesn’t allow the trader much time for vacillation or worry, and whining and complaining have no place in this style. Face the realities and act in accordance: success is just around the corner.

2. Patience: Impatient, or arrogant traders don’t have a stellar future in scalping. Many people have attained great profitability in trading, but only through persistence and determination. It is even more so in scalping, where minuscule profits are expected to combine into sizable gains.

3. Calm: Scalpers need to remain calm in the face of market turmoil, especially those who want to trade directional, trending markets. Without emotional restraint, trading choices will be confused and arbitrary, and that is the least of what can be afforded by a committed scalper. Get used to losses and mistakes. Accustom yourself to mending the errors. And all should be well.

4. Regular Trade Sizes: This is always a necessity in trading, but even more so in scalping. Don’t make the mistake of doubling your trade sizes in response to a chance streak of wins. Don’t blur your vision by entering orders arbitrarily. Be disciplined, and ensure that your trades can be analyzed easily by standardizing your order sizes.

5. Concentration: Scalping can be an intense activity, and a good scalper needs to have a mind which can concentrate effectively on the task at hand for profit. If you’re scalper, make sure that the place and time period during which you’re active in the market is as peaceful and calm as possible. Have the kids sleep or play, let your spouse tend to her own duties. Ensure that you’re not distracted while scalping the forex market.

Dollar Falls as Stocks Reverse Losses

2009-08-27T22:41:00.000-07:00

FX Strategy Update

Fri, Aug 28 2009, 02:03 GMT

by Hans Nilsson

CMS Forex

Dollar Falls as Stocks Reverse Losses

The dollar declined in NY trading Thursday as US stocks reversed earlier losses and closed higher. US Q2 GDP beat market expectations and jobless claims declined. The dollar index fell to 78.06, about 0.5 point above important support. The S&P 500 was up 2.86 points to 1,030.98. The euro rose on improving risk appetite. Germany’s consumer confidence climbed to a 15-month high and consumer prices unexpectedly increased. Sterling gained against the dollar but fell to a new low versus the euro. The Australian and Canadian dollars advanced on a rebound in crude oil prices.

The USD/JPY fell today. The advantage of borrowing in Japan has diminished as US borrowing cost has fallen. This has reduced carry trades funded in Japan and pressured the pair. The USD/JPY has support from the longer term uptrend. If this is broken, the pair may fall to the 91-area support. There is resistance in the 94- 95 area. Japan’s election will be held on August 30. The latest election polls indicate that the opposition Democratic Party will win, which will introduce new political and economic policy uncertainties.

GLOBAL MARKETS: European Stocks Seen Down; Rallies Pause

2009-08-27T00:00:00.000-07:00

Thu, Aug 27 2009, 06:40 GMT
http://www.djnewswires.com/eu

GLOBAL MARKETS: European Stocks Seen Down; Rallies Pause

By Andrea Tryphonides
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--European stocks are expected to open in the red Thursday, as the recent equity market rally starts to run out of steam.

"Sentiment is beginning to change, especially in the U.S.," said Ben Potter, a research analyst at IG Markets.

"Only a few weeks ago, last night’s sharply better-than-expected new home sales data and U.S. durable goods orders would have sent the market surging into the close. However, markets are struggling to hold onto gains now, as we saw overnight," he said.

Potter called London's FTSE 100 index down 21.6 points, or 0.4%, at 4869, Frankfurt's DAX down 15 points, or 0.3%, at 5507 and France's CAC-40 16.3 points lower, or down 0.4%, at 3652.

IG Markets also said that with the company reporting season nearly over, it would not be surprised to see stocks suffer from a short-term "information void".

Nevertheless, the corporate earnings calendar remains rather busy on Thursday. Casino's and GDF Suez's first-half results and Credit Agricole's second quarter will all be in focus, along with Diageo's preliminary results out of London.

Meanwhile, Asian stock markets were lower Thursday, with weakness in Chinese shares dampening sentiment. In Japan, the yen's strength dragged exporters' stocks lower.

Although U.S. equity markets inched higher after the new home sales data and durable goods orders for July beat expectations, analysts said Wall Street's tepid reaction to the positive data indicated the markets' recent uptrend may be running out of steam.

"Signals from Wall Street are somewhat negative, because the market wasn't lifted by better-than-expected economic data," said Mizuho Securities' senior technical analyst Yutaka Miura. "The U.S. market may be facing stronger resistance now," he added.

Japan's Nikkei 225 index was down 1.6%, although off its lows, while South Korea's Kospi Composite lost 1.1%. Hong Kong's Hang Seng index shed 1.3%, while in China the Shanghai Composite index was 0.9% lower after weaving between positive and negative territory in early trade. The index was weighed down by weakness in energy producers and property developers, while gains in airlines and pharmaceutical stocks provided support.

U.S. stocks closed slightly higher on Wednesday as a report of rising new home sales fueled consumer companies, although Caterpillar, General Electric and some of the market's other recent leaders pulled back.

Marking its seventh straight day in the green, the Dow Jones Industrial Average closed up 0.04% at 9543.5. The Standard & Poor's 500 was flat, up just 0.01% at 1028.1. The technology-heavy Nasdaq Composite was also flat, up 0.01% at 2024.4.

In the currency markets Thursday, the euro and the dollar fell against the yen in Asia as weak regional share markets prompted players to sell those currencies for the safety of the yen.

By 0630 GMT, the euro was trading in Europe at Y133.56, down from Y134.35 in late New York trade Wednesday. The dollar was trading at Y93.73, down from Y94.26. The euro was quoted at $1.4247, down from S1.4256.

Elsewhere, base metals were slightly higher after pulling back on the London Metal Exchange Wednesday. The market was well supported as sentiment improved along with the economic data, although reports that China's State Council was seeing over capacity added a note of caution.

Spot gold was up $2.75 at $945.50 per troy ounce. But the October Nymex crude oil futures contract was 28 cents lower at $71.15 per barrel.

Meanwhile, European bond markets opened lower, with September bund futures down 0.05 at 122.76.

By Andrea Tryphonides, Dow Jones Newswires; +44-20-7842-9281; andrea.tryphonides@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=CIsrIqgd%2BLmkhB0nEsDfWg%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

August 27, 2009 02:40 ET (06:40 GMT)

FX market steady heading into European open

2009-08-25T22:23:00.000-07:00

Wed, Aug 26 2009, 05:12 GMT
http://www.forexlive.com

It is difficult to see where any major moves are going to come from in the next few days. Asia has opened at pretty much the same level every day this week and has then had a rangebound trading session. Much of the pre-election JPY buying is now thought to be complete so a minor rally in the JPY crosses remains a possibility. Stock market sentiment remains positive, which will also favour the traditional risk trades.

Asian Forex Market wrap

2009-08-25T22:19:00.000-07:00

Wed, Aug 26 2009, 04:03 GMT
http://www.forexlive.com

Regional stockmarkets generally around 1% higher, following the US lead Bernanke reappointment and relatively good US housing data calm the market and promote risk sentiment Japanese trade data dampened enthusiasm in early trade On the other hand, South Korean consumer sentiment came in at a 7-year high Australian construction work data shows the benefit of the big stimulus spend Not everybody is totally enamoured with Ben Bernanke's reappointment- the latest from AEP in the Telegraph Oil had a big fall overnight after touching $75/bbl it lost almost 5% and has traded steadily in Asia. There was some quite heavy selling of USD/JPY and particularly GBP/JPY in very early trade despite the Nikkei opening over 0.5% higher. This is probably because, with today's spot date of Friday, many saw it as the last opportunity to complete their hedging before the weekend election. There was also talk of stops in USD/JPY below 93.60 which might have attracted dealers attention. EUR/JPY fell to 134.10 again but solid demand there and CTA bids in USD/JPY helped steady the ship. The Shanghai exchange had initially opened lower and this, allied with the slightly disappointing Japanese trade data, kept the JPY crosses pressured. This pressure was released around lunchtime when the Shanghai bourse rallied into positive territory, leading to short covering in the JPY pairs. EUR/USD and cable moved around in 30 pip ranges with the crosses although EUR/GBP has managed to eke out some small gains. The sentiment for the cross is universally bullish now it seems. The AUD slipped to a 5 month low against the NZD but interest in both currencies was muted. Markets: Nikkei +0.6%, HK +0.4%, Sydney +1%, Kospi +0.6%, Shanghai +1.5%. Gold up slightly to $948.50/oz. Ranges: EUR/USD 1.4281/1.4306; cable 1.6306/50; USD/JPY 93.88/94.26; AUD/USD .8332/74; EUR/JPY 134.05/75

FOREX TRADING IN PAKISTAN

2009-08-25T22:09:00.000-07:00

I take this opportunity to bring to your knowledge an alternate financial trading opportunity available at your finger tips in Pakistan.

Until recently many people knew only the stock market to invest and trade for their financial desires, however technological developments have brought many new markets, new products and new services more closer to us. These are more independent, more transparent more regulated, more secure, more versatile and easier to trade.

Now you can trade in Foreign Currencies, Precious Metals, Crude Oil, Cocoa, Coffee, Sugar etc right from your office, through your laptop or at home and more over now we have also introduced, Mobile trading.

You can trade these international products Online with a 24- hour local support.

It is this vision of deploying the latest technological resources, maintaining the highest standards in trade executions and customer services, maintaining the leadership role and confronting the challenges in changing circumstances.

The Enclosed Brochure gives you a more detailed outlook
If you are interested to discuss more on the subject CONTACT or you can come visit us at our office and we would be happy to give you a live presentation in order for you to be more updated with our latest and more effective state of the art platform.

Karachi stock market

2009-08-25T22:06:00.000-07:00

KARACHI: The Karachi stock market closed higher on the first day of the trading week Monday on buying activity ahead of result announcement season for June closing while investors remained optimistic for early announcement of leverage products.

The Karachi Stock Exchange (KSE) 100-share index gained 43.13 points or 0.60 percent to close at 7,206.17 points as compared to 7,163.04 points of the previous trading session.

The KSE 30-share index surged 37.16 points and closed at 7,640.24 points as compared with 7,640.24 points.

The KMI 30 index increased by 29.12 points to close at 10,701.79 points as against 10,672.67 points.

Analysts said the market opened on a positive note and this trend went on for the rest of the session. Investors focused on cement, banking and telecom sectors.

The market turnover went up by 37.22 percent and traded 95.74 million shares as compared to previous session’s 152.66 million shares. The overall market capitalisation surged 0.66 percent to close at Rs 2.134 trillion as compared with Rs 2.120 trillion. Out of total 303 companies, 145 closed in the positive zone, 143 in negative, while 15 remained unchanged.

Announcement of emergent board meeting by PTC for entitlement invited renewed buying activity in PTC,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “OGDC and PPL are expected to get out of the way with dividend announcement in the year-end results to support the government’s fiscal issues.”

Likely hood of reduction in discount rate by 150-200 bps in the upcoming monetary policy announcement added to the demand of dividend paying stocks as buying spree in the stocks not only allowed the turnover to keep ticking, but the heavyweights PTC, PPL and OGDC allowed the 100-share index to maintain a positive posture, he added.

Although, not an ultimate solution, the talks of activating the deliverable forward is at least a sep ahead to address the leverage issue at the market.

“Buying activities were witnessed during major part of the session,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti. “PTCL announcement for shareholder entitlements, positive result outlook in cement, oil and fertilizer sectors, continued foreign interest played a catalyst role for a positive close.”

Pakistan's forex reserves fall to $11.72 bln

2009-08-25T22:05:00.000-07:00

Pakistan's forex reserves fall to $11.72 bln KARACHI, Aug 6 (Reuters) - Pakistan's foreign exchange reserves fell by $50 million in the week that ended Aug. 1 to $11.72 billion, ...

Forex Trading: Some Tips On How You Can Be Successful

2009-08-23T23:06:00.000-07:00

Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money.

Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex

Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.

If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.

The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.

With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.

In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.

It is up to you to decide if you will be using this strategy or not.

These are some of the strategies you can use when trading in the Forex market.

Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.

Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.

Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:

Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:

- When you are losing, you want to minimize the risk of losing more money. So, dont add money when you are losing.

- Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.

There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isnt actually 100% accurate, you can use the Forex charts as a guide to whats happening in the market.

You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.

This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.

These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.

Forex Trading - 4 Tips That Could Make you Huge Profits

2009-08-23T23:00:00.000-07:00

If you want to learn forex trading the first fact you need to know is that it's not easy and don't let anyone tell you otherwise, it's hard. Why? Because the skills you need are ones that will make most people simply can't learn but if you can you can enjoy currency trading success.

The first skill you need is:

1. Take Responsibility

Today everyone looks for experts to help them and that's fine, if you want your car fixed but it won't help you in forex trading. You need to accept success comes from within and you need to acquire both the confidence and discipline to execute your forex trading strategy and no one else can do this for you. Your totally on your own.

2. Stand Away From The Crowd

Since Stone Age times man has been used to seeking the safety of the pack, were also very sociable creatures and like to agree with have the majority agree with us.

In forex trading if you run with the pack you will lose because the majority is always wrong, hence 95% of forex traders lose.

To succeed you're on your own and you must not allow the crowd to sway you from your path and this is not easy, when the whole world disagrees with you!

3. Create Your Own Rules

Were used to living by rules that others make for us.

We stop at red traffic lights and we know not to drop litter etc. Our lives are structured and ordered but in the forex markets you have to create your own set of rules to live and survive by as anarchy rules.

These rules not only need to be devised by you, they need to be applied with discipline and for this you need an inner understanding of both your strengths and weaknesses.

4. The Markets will Make You Look Stupid

When you trade forex there is only one right price and that's the market price.

It makes no difference what you believe the price should be, the market price is the correct one.

It doesn't matter how clever you are or how great a trader you will take a position and the market will make you look a fool. Most traders have egos and they simply can't take this. They try and fight the market by moving stops back, revenge trading etc and the market hands them a wipe out.

Understand This or Lose!

If you have read and understood the above you will see that having a robust forex method is not enough to succeed you need to have a mindset that will allow you to execute your forex trading strategy with discipline and this is far harder.

Its not Easy But The Rewards are Enormous

Those traders who think they can consult a guru or buy a system and get given success are wrong - success comes from within and only you can get the mindset above to succeed. This requires you learn skills and when you have learned the skills you need to apply them with confidence and discipline.

If you want to be a forex trader then you need to get the right mindset - if you can do this, a life changing income awaits you.

Forex Trading Secrets Exposed - 3 Lessons From Professional Forex Traders on Forex Trading

2009-08-23T22:48:00.000-07:00

Almost 90% of the part time traders that I know of want to become full time forex traders in the near future. And they hope to be professional traders one day. That is the dream for most forex traders. What about you?

In order to survive in the forex trading world and make lots of money from the forex market consistently, being a normal forex trader is not good enough - you'll need to become a professional forex trader. So just what are the secrets that professional forex traders have that enable them to make lots of money trading forex? I once had a conversation with a friend of mine, who is a professional trader. He shared with me the 3 secrets that make professional traders like him very rich:

Secret #1 - Professional traders are not geniuses- they simply follow a simple forex trading system

You see it correctly, they are not any smarter than you nor do they possess of any god-like foresight in forex trading. I dare to say this because I know some professional forex traders who seem to know nothing in this world and clumsy in doing other stuffs but can do extremely well in forex trading. Why is that so?
It's simply because they have a successful forex trading system which gives them good forex trading signals. It helps them trade consistently. What they have to do is to repeat the consistency just by following the trading system. That's about all. And let me tell you a little more secret, professional traders use simple forex trading systems instead complicated, as what most people thought.

Secret #2 - Learn to work smart, not hard

Do you think that you should learn how to trade forex the hard way and gain all the knowledge before you can be successful? Do you think you can master the forex market if you combine all the strategies taught by every forex trading experts? If your answer is yes, you are wrong. In other businesses, you may get rewarded for all the efforts and time you have put into.

But in forex trading, it's the right forex trading tutorials and education that count and you are rewarded for being accurate and not so much for the effort you put in. You will be surprised to know that successful traders only follow a winning trading system blindly to build up their trading capital.

Secret #3 - They possess determination, discipline, money management and mindset for success

My professional forex trader friend once told me that he would leave everything aside just to concentrate on his forex trading. It's his determination to succeed that made him overcome small losses and steep learning curves that he experienced in the beginning. He told me the problem with most traders is that they are too eager to trade and make money fast from the forex market.

You need to have discipline to follow the rules of your forex trading system. Huge capital gains in forex are piled up over years and not days, there is no shortcut to riches. He manages his money so well that even 2 or 3 losses in a row will not affect his trading capital much. 1% or even 0.5% of his capital margin per trade is what he is only willing to risk.

Not everyone can be a professional trader in a short period of time as you need huge capital, but anyone can become successful in forex trading if you learn how to trade forex the professional way.

Forex Systems: 5 Strategies That Help You

2009-08-21T22:59:00.000-07:00

In Forex trading, having foolproof systems will be a key factor to your success. Now the million-dollar-question is, how do you establish one? Below are some strategies you can use in order for you to find a system that will give you the edge in Forex Trading.

Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.

A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.

Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?

Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.

Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.

Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.

Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.

Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.

This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.

If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.

Forex Scalping Systems

2009-08-21T22:53:00.000-07:00

Forex scalping has gained high popularity nowadays. We welcome you to explore our free and steady growing collection of Forex scalping strategies and ideas!

Yes, true scalping involves risks as well as any other type of trading.
But if done correctly Forex scalping provides an additional degree of risk management as a result of holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear.

Please, do not forget to read our disclaimer policy. In short, Forex scalping systems you find below if used will assume trader's own risk and full responsibility.

Scalping Forex is fun. Learn it and trade profitably!

Forex Scalping

2009-08-21T22:50:00.000-07:00

Forex Scalping can also be called a quick trading. It is a method where traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than that.(As a rule if a trader holds to a position for more than a minute or two it is considered no longer a scalping, but rather a regular trading.)

The purpose of scalping is making small profits while exposing a trading account to a very limited risk, which is due to a quick open/close trading mode.

There wouldn’t be any point in scalping for many traders if they weren’t offered to trade with highly leveraged accounts. Only ability to operate with large funds of, actually, still virtual money, empowers traders to profit from even a 2-3 pip move

How do they do it? Suppose a scalper opens a trading position of 100 000 units with EUR/USD. For each pip he will now earn $10… Closing in with only a 3 pip profit brings it up to $30 — not bad for less than a minute of work…

Now, you would probably ask what Forex brokers think about it, because if a scalper constantly wins, the broker would obviously sustain some losses.That is why the other popular discussion topic is always at scalpers’ attention: What Forex broker would allow you to scalp the market?

Obviously, dealing desk brokers would not agree with scalpers’ trading style and most likely will ask a trader to change his/her trading habits or to find another broker. But, even if a scalper stays in, there is another method to slow scalper's performance down and it is to set delays between an initiation of the order and its actual filling. The reason behind it is that dealing desk brokers need time to countertrade/process each order to prevent own losses in case a trader closes in profit.

The broker that will not object to scalping is the one that has the best trades processing automated platform. Using straight through processing there is no intervention between a trader and a market maker — the software is taking care of the whole business process. So, it’s more likely a broker with a “slow” business processing platform would object to scalper’s trading style.

Forex Advanced strategies

2009-08-21T22:46:00.000-07:00

Along with Forex complex trading strategies this page is expected to gradually reveal our so called Forex advanced trading strategies.

These strategies will have a strong background, sound theoretical base and will represent known to us trading techniques and rules used by experienced Forex traders. We also going to share trading strategies that we use in our Forex trading practice.

Don't forget to read our disclaimer policy.

Also remember that any trading involves risks and there is no trading system which is immune to losses. Your experience may easily start with a losing trade, so before giving up on a system, make sure you've tested it well.

Your discipline is and will always be the key to success. Follow the rules strictly, if modified, write these changes down and do not alter as you trade.

It is promised to be a good experience!
However, there will be no miracles. Those strategies will not be revolutionary Forex strategies of all times or some "Holy Grail" systems to bring you millions, at least we cannot promise that.What we can promise is that there will be a lot of stuff to learn and ideas to try out.

Forex MegaDroid

2009-08-21T07:46:00.000-07:00

Forex MegaDroid is the direct outcome from 38 years of learning and experiencing of two forex trader, Albert Perrie and John Grace, two professional minds can produce what 1,001 unprofessional minds can’t.

Most Forex trading robots work well under certain market conditions, but fail completely when the market changes.

Forex MegaDroid is an scalping system that, year after year, steadily and consistently producing a much as 100% net profit per month.

Forex MegaDroid uses the brand new RCTPA (Reverse Correlated Time And Price Analysis) technology, that can see into the immediate 2 to 4 hours future, it trade with 95.82% accuracy in EVERY Single Market Condition.

They provide both back-test result and real money live trading statement, the result is just amazing,

2009: 718.96% (141 days)
2008: 623.84%
2007: 612.91%
2006: 333.05%
2005: 810.70%
2005: 810.70%

Another selling point is its built-in mechanism that makes it invisible to Forex brokers.

Some forex brokers will raise the spread on the currency pair you are trading during specific hours the robot trades (making the robot not profitable anymore). Forex MegaDroid is the only robot that has this ”invisible” mechanism to ensure you a smooth trading environment without any hustles or problems.

Forex MegaDroid come with 60 day 100% money back guarantee, so you have enough time to test it, and can get all your money back if you don’t like the result.

Forex Automoney

2009-08-21T07:43:00.000-07:00

Forex AutoMoney is a forex signal provider that sends intraday, daily, and weekly forex traders to its subscribers.

The signals from Forex AutoMoney have a date and time stamp and they also provide you an entry point, a stop loss point and a take profit point. The software that they base their trade signals from were created by mathematicians and programs.

Below is an example of actual trading signals from Forex AutoMoney system,

Currency Pair: EUR/USD
Type of Trade: BUY
Time to Enter: 10:00 EST
Get Profit: 120 Pips
Stop Loss: 50 Pips

Forex AutoMoney claims on their website that in a 10 day span, their signals generated over $46,000 in profits.

Forex AutoMoney is not a robot, you need make the trade yourself base on signals generate by Forex AutoMoney system, and because of that, you can trade with any platform.

Currently, its signal cover about 18 currency pairs.

Forex AutoMoney offer 3 days trial for $4.95, then $99 per month there after.

FX Online Trading Strategies That Work

2009-08-20T02:28:00.000-07:00

FX online trading strategies are often hyped. People present their forex strategies as the best thing since sliced bread. All of the forex trading strategies are not going to work well for everyone, every time. Some will work better than others. If you are trying to make money online trading currencies as a forex trader, you need to know which forex strategies that work, and allow you to make more profits. Here are three forex trading strategies that are used regularly by experienced traders. Remember, these are straightforward forex strategies that are easy to implement, not unlike information that you might find in a Stock Market Investing For Beginners guide.

If you are looking for stock market updates, whether you are looking for old established blue chip stocks, you can get detailed stock market information about NSE & BSE Sensex news, stock chart, currency converter, current stock quotes and the basic stock market questions at PaisaWaisa. But here at Online Forex Trading, we will present you with three great forex trading strategies that work.

One forex trading strategy that you can use is called scalping. Scalping is a strategy that is used by traders who are looking for profits with minimal risk. With low risk, typically comes low return. That’s the case here, but since the risk is low, you can have predictable, reliable profits.

Another forex trading strategy that you can use requires that you first determine the position you will have to take on a particular currency pair. Once you have decided this, you can then put a buy or sell stop order to that trade. Then you don’t need to closely monitor the currency pair’s price movements. If there is a price break, due you will either gain or lose, depending upon the up or down movement of your currency pair.

Many successful forex currency traders indicate that, if you want to be successful in forex trading, you need to go with the trend. You can determine trends by using the pivotal points and reviewing the market to spot trends on any particular currency pair. Once you learn how to spot a trend, you can then place either a long or short position on that currency pair, depending on your perception of the trend that you have spotted.

A good, profitable forex trading strategy to allow you to earn money with Forex trading is the three day rolling pivots. The rolling pivot range, acts as a reference point for entering and exiting trades. It provides traders with a point of reference to quickly exit losing positions. One of its best functions is that it helps prevent a trader from turning winning positions into losing ones. This strategy is easy to follow, and a straightforward, basic way of gaining profits in the forex market. To set up your three day central pivot points, you need to use a pivot calculator. There are three sets of central pivot points. Consider these three sets of numbers that you have established as a range, with the largest number being positioned at the top, and the other two below. Earn money with Forex Marketforex.net specializes and helps traders to earn from each and every trade with minimum risk involved.

There are certain strategies that will work in many situations. Other strategies may be more difficult to trade successfully. Regardless, you need to learn the basics of forex trading in order to become successful. In the same way, a stock trader needs to become well versed in their craft in order to buy blue chip stocks, or start buying penny stocks. If you don’t want to spend the time learning what you need to know, you are better off putting your money in a savings account and letting in earn interest. At least, you wouldn’t be risking your hard earned cash. In all trading environments, you need to understand the basics, before you can move on to making money trading currencies, stocks, or anything else for that matter.

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New FX online trading strategies being created every day. You need to consider that when you trade on top of the high point of this three day range, you will have a better chance of succeeding when you go for a short position. And when you trade under the smaller number of the range your chances of succeeding will be much better if you go for a long position.

FOREX FINANCE

2009-08-20T02:21:00.000-07:00

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