FOREX TRADE

Gold bullion sets new all-time high above $1280

2010-10-10T03:18:00.000-07:00

Gold bullion sets new all-time high above $1280

The gold bullion continues to soar on Friday, as global foreign exchange rate policy tensions as well as US dollar weakness make the precious metal attractive as an alternative investment. In early trading over Europe, the gold contract for December delivery has set a new record high in $1284.40 a troy ounce, nearly $8.00 from the opening price.

Despite a slightly improved risk appetite by the end of Thursday with US equities finishing the day in positive territory, the gold bullion remains strong as exchange rate tensions multiply. The US Treasury Secretary Tim Geithner yesterday testified against Chinese exchange rate policies, stating the yuan has not been allowed to appreciate quickly enough. Consequently speculation is spreading through the market of competitive depreciation, only a few days after the BoJ intervened in their own foreign currency market in order to counter the strength of the yen.

UK's Public Sector Net Borrowing soars

2010-10-10T03:16:00.001-07:00

UK's Public Sector Net Borrowing soars

National Statistics relase of public sector finances revealed that the United Kingdom's Public Secotr Net Borrowing rose to an astonishing £15.302Bn in August.

The previous data was revised down to reflect a net borrowing of £1.991Bn in July. Although a rise in borrowing was expected, forecast anticipated it to be capped by £12.2Bn.

Public Sector Net Borrowing

£15.302B

Actual

£12.200B

Consensus

£1.991B

Australia: RBA Minutes - Higher interest rates would be required if growth continues

2010-10-10T03:15:00.003-07:00

Australia: RBA Minutes - Higher interest rates would be required if growth continues

The RBA have just released their latest minutes, and as expected some hawkish comments were seen.

The RBA commented that the inflation pressure coming from the increase in investment that leads to a rise in the resources utilization, will probably need higher interest rates to ensure inflation remained consistent with the medium-term target.

"The central scenario remained for the Australian economy to grow at trend pace, or a bit above, over the next few years. This forecast incorporated quite a subdued outlook for the main G7 economies and around trend growth in Asia", the Reserve Bank of Australia said.

While the bank remains alert to risks such as weaker global growth, "members considered that if the central scenario came to pass it was likely that higher interest rates would be required, at some point, to ensure that inflation remained consistent with the medium-term target".

RBA Meeting's Minutes

Sep 21

01:30

Consensus

EUR Long−Term Objectives Could See It Go Further Down Against US Dollar

2010-08-24T10:21:00.000-07:00

EUR Long−Term Objectives Could See It Go Further Down Against US Dollar

	Long signal	Short signal
	Buy a break of resistance level at 1.2800	Sell a break of support level at 1.2655
EUR/USD	Buy a break of resistance level at 1.2750	Sell a break of support level at 1.2600
	Buy a bounce at 1.2655	Sell a failure of breaking the resistance 1.2800

Long signal Short signal
Buy a break of resistance level at 1.2800 Sell a break of support level at 1.2655
EUR/USD Buy a break of resistance level at 1.2750 Sell a break of support level at 1.2600
Buy a bounce at 1.2655 Sell a failure of breaking the resistance 1.2800

Fundamental
The Euro finished the week at fresh monthly lows against the US Dollar, briefly breaking below the psychologically significant 1.2700 mark before recovering marginally into Friday’s close. A relatively uneventful week of trading left the EURUSD in a tight range until the very end; a near-2 percent decline in the Japanese Nikkei 225 sparked similar declines in European equity indices and took the EURUSD lower on a broad-based US Dollar advance. The week ahead promises a pickup in economic event risk, and the recent EURUSD downtrend leaves it at clear risk of breaking below key support at 1.27. It will be critical to watch whether economic data will be enough to deep the European currency aloft against its US counterpart.

Technical
Technical analysis shows us the euro may continue its downtrend against U.S. dollar as MACD shows a divergences. RSI is in a downtrend. Bollinger gives a bearish signal by closing the candle below the middle band.
EUR/USD (Daily Chart)
The primary tendency gives a bearish trend.
EUR/USD (4 Hour Chart)
The pair breaks 2 moving averages downwards.
EUR/USD (Hourly Chart)
The Minor trend is trying to break Fibonacci fan.
Resistance
1.2800
1.2750
Support
1.2655
1.2600

Alpari Expands: New Offices And New Hires Support Growth Strategy

2010-08-24T10:20:00.001-07:00

Alpari Expands: New Offices And New Hires Support Growth Strategy

Alpari (US), a leading provider of global online foreign exchange trading services is moving forward in the market with another key initiative. Today, the company announces the opening of a new U.S. branch office in Boston which will support the aggressive business acquisition strategy put in place following recent appointments.

Daniel Skowronski, who joined Alpari as Global Chief Commercial Officer and CEO of Alpari (US) in June 2010 states, “The establishment of Alpari Boston is another step in the strategic growth plans of Alpari in the U.S. and in the Institutional forex space. This strategy will position Alpari to drive new proprietary products and technologies into the various markets across the global.”

The Boston office, featuring a knowledgeable Sales team, will be managed by former CMS FX Institutional Sales leader, Jacob Plattner. As VP of Institutional Sales at Alpari Boston, Jacob will push the company’s professional and corporate sales and partnership model by asserting Alpari’s technological expertise, competitive pricing structure and customized business solutions.

Managing Jacob and the growth of Alpari’s reputation in the institutional space will be Jermaine Harmon, former VP of Sales from Currenex and the new Alpari (US) Institutional Sales Manager in North America. Jermaine, now in charge of all institutional product and sales development, has over 10 years of institutional FX experience.

"This is a very exciting time at Alpari and I am delighted to welcome the new additions to our team," says Co-founder of the Alpari Group and CEO of Alpari (UK), Andrey Vedikhin. "Each will bring a wealth of expertise that will be instrumental in revolutionising our trading technology and enforcing a high quality, sophisticated business model. As leaders in the Retail FX market, Alpari is well positioned to build on existing offerings and exceed our potential in these markets."

Forex Trading Tips

2010-08-11T08:33:00.000-07:00

Forex Trading Tips

Tip 1. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling.

Any attempt to trade without analysis and studying the market is equal to a game. Game is fun except when you are losing real money

Tip 2. Never invest money into a real Forex account until you practice on a Forex Demo account!

Allow at least 2 month for demo trading. Consider this: 90% of beginners fail to succeed in the real money market only because of lack of knowledge, practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their skills on demo accounts for years before entering the real market.

A good demo account to start practicing with could be, for example, FXGame from Oanda.

Tip 3. Go with the trend!

Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.

Tip 4. Always take a look at the time frame bigger than the one you've chosen to trade in.

It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frame, take a look at 1 hour chart; trading hourly would require obtaining a picture of daily, weekly price movements.

If a trend is hard to spot — choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what's happening in the market here and now (during 5-10 minute time frame) should be of only importance to a Forex scalper.

Tip 5. Never risk more than 2-3% of the total trading account.

One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 traders can get opposite results in the long run. The difference will be again in the money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

Tip 6. Put emotions down. Trade calm.

Don't try to revenge after losing the trade. Don't be greedy by adding lots of positions when winning.

Overreaction blocks clear thinking and as a result will cost you money. Overtrading can shake your money management and dramatically increase trading risks.

Tip 7. Choose the time frame that is right for you.

Choosing wise means that you are comfortable and have time enough to analyze the market, place and close orders etc. Some people can't wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 10-15 minutes is a hustle to be able to make the right decision.

Tip 8. Not trading or standing aside is a position.

When in doubt — stay out. If it is not clear where the market will move — don't trade. In this case saving present capital is and absolutely better choice than risking and losing money.

Tip 9. Learn to use protective stops. Respect them and don't move.

Hoping that market will turn in your direction is a very delusive hope. By moving a stop loss further a trader increases his chances to end up with much bigger loss.

When holding to a losing trade too long, and even if funds permit, traders as a rule are very reluctant to accept big losses, thus often continue "hoping for best". In the mean time invested money is stuck in the open trade for unknown period of time (weeks and even months) and cannot be used for opening new positions. Not working money — dead money. Also this will result in constant interest payments for holding open positions.

Tip 10. "Keep it simple, stupid" — applies to indicators, signals and trading strategies.

Too much information will create a controversial picture of when to trade and when not to. To avoid lots of confusion create a simple but working method of trading Forex.

Tip 11. Think about risk/reward ratio before entering each trade.

How much money can you lose in this trade? How much can you gain? Now, make a decision if the trade is worth entering.

Example: if trader is looking for possible 35 pips gain and possible 25 pips of loss, such conditions are not worth trading. Compare it with the situation when a trader has 100-120 pips of potential gain and only 10-20 pips of possible loss. This is the trade to open!

Tip 12. Never add positions to a losing trade. Do add positions when the trade has proven to be profitable.

Don't allow a couple of losing trades in a row become a snowball of losing trades. When it is obviously not a good day, turn the monitor off. Often not trading for one day can help to break a chain of consecutive losses. Trying to get revenge can often make things worse.

Tip 13. Let your profits run.

Let your position be open for as long as the market wishes to reward you. Of course, for this traders need a good exit strategy, otherwise they risk to give all profits back...

Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits.

Tip 14. Cut your losses short.

It's better to finish unprofitable trade quickly than wait for the situation to get worse. Don't put a stop loss too far — it's your money you risk. Better calculate the best spot to enter when a potential loss would be minimized. Again: respect your stop and don't move it "cherishing hopes".

Tip 15. Trade currency pairs in respect to their active market hours.

Learn about overlapping market hours: when two markets are open and highest volume of trades is conducted.

For example, Australian and Japanese trading sessions are overlapped from 8pm to 1 am EST. At that time trader can successfully trade AUD/JPY currency pair.

Tip 16. Choose the right day to trade.

This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.

It's proved and highly recommended not to trade on Mondays, when the market has recently awaken and is making first "probation steps" to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.

Tip 17. Learn about Fibonacci levels and how to use them for trading.

Fibonacci can be very helpful in trading, even partially using the study, for example, to determine the best exit, can bring traders to a new edge of trading.

Tip 18. Always ensure that a signaling bar/candle on the chart is fully formed and closed before you enter a trade.

A golden rule of trading: "Always trade what you see, not what you would like to see" is the best explanation here.

Tip 19. If you ask for someone else's advice as about how and when to trade

in other words, choose to rely on live trading signals from other traders, make sure you do it for your benefit, not for disaster. If you use such signals to discover how other traders do analysis and study on the price — you are on the right track and soon you'll be able to do analysis yourself.

But if you're just blindly following recommendations and your only task is to push the correct button... think again.

Tip 20. Using a highly leveraged account comes at a cost.

It will, of course, give a trader more financial gear to trade, but for inexperienced traders high leverage, and, in fact, any Forex leverage can be disastrous. When a trader signs up for a high leverage without knowing how to accurately use it to own advantage, he simply signs up for additional risks that multiply with higher leverage in a tight "friendly" proportion.

Tip 21. Learn to measure trading success by the end of the day, week and then month and year.

Do not judge about your trading success on a single trade. To be successful traders don't need to win every trade, they also don't become rich in one trade — they need to be profitable in a long run.

Tip 22. There is no such thing as a secret approach to understanding the market.

Take the time to develop a solid trading system and find out that the secret to trading success lies in hard work and constant learning.

Best Time For Forex Trade

2010-08-11T08:28:00.000-07:00

The best hours to Forex trade

Forex Trading: The Best Hours to Trade
If you want to earn extra cash aside from the cash you earn from your regular job or your business, maybe it’s time to you to enter the financial market. One kind of financial market that made a lot of people earn a lot of money is the Forex market.
Aside from the fact that the Forex market can give you an opportunity to earn a lot of money, you should also know that Forex is the largest and the most liquid financial market in the world with trade exchanges that amounts up to trillions of dollars each day.
Forex also operates 24 hours a day and therefore making it the most liquid market in the world. However, Forex is also a very risky market. Besides that fact that it generated a lot of people to become rich, it also made a lot of people lose large amounts of money. Therefore, you should consider that you should think twice before entering this financial market. You should have enough knowledge and skills before you enter this market. Part of the knowledge that you should know the best time you should enter this very liquid and very large market.
Sure you know how to trade, you know what currency pairs to trade, and you even know how to read charts. Perhaps, you also know one or two strategy when trading in the Forex market. However, you should also consider the fact that because the Forex market operates 24 hours a day, you need to know when you should trade.
Every minute in the Forex market counts. One minute you notice a currency is increasing in value, the next you notice that the same kind of currency you noticed a minute ago is decreasing in value. This is why you should consider the fact that Forex market is a very dynamic market with lots of price oscillations.
Minute by minute events are very important in order for you to be successful. Because of this feature that is found in the Forex market, you, as a Forex trader, can enter the market a number of times a day. This will allow you to earn some profits after every number of trades you do and perhaps maybe even lose one if you made the wrong trading decision.
Firstly, you have to remember that the Forex market beings at Sunday at 5PM EST to Friday at 4PM EST then it beings again at 5PM EST. Trading begins in Forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America. The major markets in Forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap.
Basing from the times, you will see that there will always be someone anywhere in the world who is buying and selling currencies. You will see that when one market closes, another market opens. Trading in the Forex market is 24 hours a day.
Forex market transaction volume is always high during the whole day. However, it peaks the highest when the Asian market, the European market and the US market opens at the same time.
These are the trading hours in the Forex market you have to trade in, in order to get the highest possible trades. This are the hours that are also the most profitable.
Here are the open market times that you can use as reference:
• New York – 8am to 4pm EST
• London – 2am to 12nn EST
• Great Britain – 3am to 11am EST
• Tokyo – 8pm to 4am EST
• Australia – 7pm to 3am EST
If you look at the schedule and study it, you will see that there are two instances where two of the major markets overlap on trading hours. These are between 2am and 4am EST with Asian and European markets and 8am to 12pm EST with European and North American.
These are the things you should remember when trading in the Forex market. It is not only important that you know how to trade and know some strategies on Forex trading, But, you should also know when is the best time to trade in this very large and very liquid market.
If you follow all these, you can be sure that you can earn a potentially higher profit than on other trading times.

The Safer Way To Make Money In FOREX

2010-08-10T09:11:00.001-07:00

The Safer Way To Make Money In FOREX

I have a friend who is a brilliant FOREX trader - on paper. When she goes to make a real trade, she freezes up and the trade flops. But there is a way she can use all her hard-earned FOREX experience while still playing it relatively safe: investing inforeign currency CDs. Everbank is one institution offering this special kind of CD, and they just introduced a unique 3-year BRIC CD (BRIC stands for Brazil, Russia, India, and China currencies) with an issue date of 10/20/09. Are these countries poised for a big takeoff in the next few years and beyond? If you are one of the people who thinks so, consider this way of putting your toe in the FOREX water without risking going underwater (and losing a lot of real money).

Here's how the BRIC CD works: First, you open an account with US dollars (the minimum at Everbank is currently $1,500 USD). Your money is held in US dollars, but your gains will be measured by how well the dollar performs against the BRIC currencies (equally divided against the Brazil real, Russia ruble, Indian rupee and Chinese renminbi). If the value of BRIC currencies together gains against the dollar by the end of the three years, you'll receive a payment. If the value does not increase or decreases, you get 100% of your principal deposit back. In this scenario, there is no other payment.

You do not risk losing principal with the BRIC CD -- it is considered "market safe" and your account is FDIC-insured -- and it has a good potential upside performance if the underlying currencies go up during the term of the CD. However, this CD is not without significant risk on the downside, and although you will not risk principal, you need to weigh how much you would make in interest in a traditional CD vs. your risk of making no payment at all with a BRIC CD.

Everbank offers other foreign currency CDs and they all work differently, for example, their single currency CD, or WorldCurrency CD, requires a much higher minimum deposit ($10,000 USD) and involves substantial risk in that your principal is not 100% protected; in addition, you are invested in only one currency, not diversified across several.

Incidentally, another site called Zecco, which boasts a new FOREX trading platform, is currently offering a $75 cash bonus for every friend you refer. All your friend has to do is deposit $500 into a new Zecco account (not necessarily a FOREX account) within 60 days. That's a sure 75 bucks without any risk in FOREX at all... stay tuned for bigger and better FOREX promo deals from Zecco as they roll them out.

Foreign currency CDs are one way to manage your risk in the FOREX markets, and to diversify your overall investment portfolio.

Forex Product Information

2010-08-10T09:09:00.001-07:00

Forex Product Information

Welcome to Forex Product Information. What you will find on this site is accurate details on specific online Forex trading products based on our personal extensive online research.

We also included information on the latest Forex robot trading systems software and Forex trading strategy guides backed by the latest Forex Product User feedback.

FAPTurbo
	FabTurbo is a Expert Advisor robot system that has been developed by Steve Carletti, professional I.T. programmer and the chief developer of the most accurate and profitable Forex trading robot in the currency trading market today. FAPTurbo Full Product Information
Forex Killer
	The Forex Killer system was developed by Andreas Kirchberger. It is a fully automated software that reacts to the parameters the user inputs. It trades 24 hours a day and reduces the amount of time needed in front of your computer. Forex Killer Full Product Information
10 Minute Forex Wealth Builder
	Dean Saunders has developed a trading system that removes the emotions from the trade. His goal was to take out the trader's second guessing by implementing a software that made the decisions based solely on market facts and then reacts with actions based on those facts. 10 Minute Forex Wealth Builder Full Product Information
Forex Beater
	This is one of the newer systems on the market. The system was developed by Peter Larsen. It is a completely original application. The cost is very reasonable and the program is beginner friendly. Forex Beater Full Product Information
Forex Autopilot
	This program is marketed by Marcus Leary and has recently had an update to it's expert advisors, which trade on your account.. The program has proven to be a stable platform and has back tested very successfully. Forex Autopilot Full Product Information
Forex Trading Explained
	Dirk Du Tout is the author of this excellent trading book and is a very successful Forex trader from. This Forex trading system will provide you with an edge in trading that increases your odds to trade successfully as a Forex daytrader. Forex Trading Explained Full Product Information
Forex Funnel
	No experience necessary with this fully automated trading software. Five minute setup and demo accounts allow you to learn without risking your investment. The package also includes up to a one hundred dollar bonus trading account. Forex Funnel Full Product Information
Forex Tracer
	This program makes trades without any human interaction whatsoever. Complete automated trading on the MetaTrader 4 platform. Easy setup and no experience required. Forex Tracer Full Product Information
Street Smart Forex
	Forex trader and author Zack Kolundzic offers his latest publication as a digital book. He continues his tradition of educating the traders with his cutting edge forex trading strategies. Street Smart Forex Full Product Information
Forex Brotherhood
	This Forex program is a very comprehensive package which includes tutorials, a membership hot sheet, broadcasts, an AE robot software, desktop tools, newsletters, a members forum and much more. Forex Brotherhood Full Product Information

Tips To Increase Profits With Forex Trading

2010-08-08T00:06:00.000-07:00

Tips To Increase Profits With Forex Trading

With so many people giving advice on how to be successful in the long term there are not many people giving information on how to quickly increase profits with forex trading. In order to continue forex trading you need to make some good money, in order to do this, you need to follow some easy to handle tips. These are all intended to help you really maximize your profits. Designed to be easy to use, these tips are useful for the beginner and the advanced forex trader.

You should consider increasing your trade amounts if you are only working with small amounts. Most experts agree that 2-3% is the most you should ever trade at once from your trade account, but really, what type of return is this? The return is great if you have a very large account but what happens if you only have a few thousand in there? Most people see back barely anything after expenses are paid and that’s a lot of trouble and hassle. For the smaller transactions, you must go to the time and effort to create the order and then watch until it is time to quickly pull out. With larger amounts, you can leave it a bit longer if necessary and often make significantly more money when trading forex.

One of the best ways to increase your profits is to take the time to find out when the markets will open for currency pairs. There is going to be a small time frame in which the market is open for both and you are able to see the highest volume of transactions occuring. This will typically allow you the biggest profits because of the increased activity. Take the time to carefully consider the timeframe in which all of the markets are open which will allow you to know exactly when you need to handle all of your transactions. You should always trade a specified currency pair at the same time every day

Pull out all of the research that you can find. This includes a weekly chart as well for the currencies that you are trading in. This chart will help you to determine exactly when to buy, and when to sell. Without this chart, you are essentially trading blind. You should also know that it is very important to review longer charts as well if you cannot detect a pattern in the weekly chart. You need to be positively certain about what you are doing, and how you are going to handle issues.

It is also a good idea to decide upon a minimum amount of money that you want to earn each year from trading the Forex market. Having this in mind will allow you to quickly determine how well you are doing for the long haul. You might make some of your goals and you might well miss others, this is normal and happens a lot. It is however important to ensure that you are trying to increase your success and working towards your minimal goal every time you make a transaction. Without this goal, you are going to have some huge issues trying to make things work out.

It is recommended that a beginner forex trader should at least first take a forex trading course to understand the market thoroughly. It is also recommended that a beginner should first observe how a seasoned forex trader does their deals. By doing this they will know how to buy and sell currencies at the right time.

If you have little knowledge about foreign exchange trading, you can always hire aForex broker. A forex broker advises you about the foreign exchange market and can help you make decisions regarding the different forex market trends. Using Forex brokers can be very beneficial for first-time forex trader or beginners.

Avoid trading often with tiny profit targets and tight stops. To be successful in this market you should not just think of tiny profits, most beginner traders often have fears of losing money, therefore, only targets small profits.

Always have a trading plan. You might think that making money is the plan. But, there is more to it than just making money. You should know what strategy to use in a particular day and particular currency pairs to choose. With no trading plan, your trades will be unfocused and directionless. Make a trading plan with goals and strategy, and be sure you follow them.

Don’t be over confident, this will spell disaster in your trade. Keep the trade simple, and not overly complicated. Keep your trades manageable. Trade only a few currency pair that you can manage.

Often, beginners tend to acquire large amounts of trade thinking that they can make more money out of it. The result: unmanageable trade and often loses.

Do not be emotionally affected by losing. Take loss as an advantage and a learning experience. Analyze what mistakes you made, accept them and learn from them, find out how you can manage them. By doing this, you'll have more knowledge about the market and not often make mistakes again. Remember that the forex market is very unpredictable and loses are expected. Be professional.

If the trade forecast is wrong, stop trading immediately and analyze again. Also stop your losses and do not increase trading.

Don’t rely heavily on trading computer software that predicts the outcome of the trade. Remember that forex trading is often unpredictable and relying heavily on these machines can make you miss a good trade. Use these machines as a guide.

Never make a trade without research. If you are a new investor, this is extremely important because it will help you to learn the market. If you are a seasoned investor it will help you to keep from becoming overconfident. Decisions in the market should never be made unless you are basing them on actual proper research. Taking a couple of minutes for some quick research is not that difficult.

Demo trading or simulated trading is a great way to learn forex trading, but, it can also develop bad habits for traders. Because simulation lets you deal with simulated money, there is no risk, therefore it makes forex trading easy. This can develop to bad habits by not caring about losing real money and also develops over confidence. Keep in mind that your greatest teacher is your experience.

Trade in real markets that deal with real money to get the real feel on winning money or losing it. When you are trading for the first time with real money it is ideal to begin with amini forex account.

Some small trading tips like this can help you to really focus your investing efforts in forex. Simply jumping into investing without a plan or agenda might be possible but the results will just not be the same. Trying to actually match the goal that you set for yourself helps to give you ample encouragement to reach further than you have previously. Each time you do make your goal you increase your profits which only makes you more money when trading forex.

A few minutes following each tip when you first start trading will save a lot of hassle. You are more likely to improve your experience and find success by following these simple forex trading tips...

Best Forex Brokers

2010-08-08T00:04:00.000-07:00

Best Forex Brokers

Determination a reputable forex broker is a occupation which requires a lot of research. Indubitable is not no bother and at times completely intricate. The Forex broker is appropriate cardinal to booty you down the game smoothly.

Newcomers prohibitive to trade hidden a broker importance sway to some devastating outcome. Too many, bag with a mishandled broker might again let have collateral influence. Forasmuch as tangible is advisable for every unique trader toilsome to draw on unaffected chock-full control the Forex trading pursuit to force go underground a capital Forex broker to proceed juice the suitable direction of the function.

A great broker will obtain a consistent flow of top clients. Thus you requirement check on the client lane records and client history testimony. A hidden broker needs to already ample data and records to elucidate a solid evidence.

You amenability resort to a guide of clients who will speak about the broker firms or moiety single broker. However, these testimonies incumbency stand for used whereas equipment but not the deciding factor to discern a Forex broker.

Major plan to examination the reliability of a exceptional Forex broker is by the amount of lowdown and literature they are keen to lend.

Passage records and history of the concerned brokers are crucial to draw a rainless picture of the broker and his or her credibility. The deeper a broker is intending to get ready for you character terms of any to fathom the Forex trading trade, the another suitable they will equate for you.

Captivating the guidance of your acquaintances who has been trading Forex for quite some pace responsibility express an nonpareil choice to inspire to understand about some worthy Forex brokers.

This might not unequaled model you to some sterling brokerage firms or singular brokers but also green light you tuck away immense ideas that you may own far cry not inducing of. But before committing to component formal arbitration you duty cause the much needed research and formalities to treasure out the details concerning the brokers.

A broker should enact an certified one. He or mademoiselle should equal a share of some regulatory authorities. You charge check the site of authorities equivalent SEC to bargain out if the broker is empanelled plant them.

Lastly show outright to bargain out the brim of return that is offered. Otherwise brokers keep inconsistent margins and you urgency to boast out the pre-eminent options. A splendid Forex broker eclipse a margin which seems prime enough is the one to stick to. But you commitment recognize that until you are assured of a honorable Forex broker you itch to stack your search on!

2010-08-02T06:15:00.001-07:00

Special Tips For Finding A Forex Broker

important rules to remember when looking for a forex broker is to ALWAYS read the fine print and make sure that you are fully aware of the broker's terms before agreeing to use his or her services. Being critical about who you choose is crucial, and it is not always wise to just pick the first one that you speak with.When looking for an online forex broker, here are a few things to keep in mind:First of all, stay close to low spreads. In the world of Forex trading, spread determines the monetary difference between the buy and sell prices of 2 different currencies. Therefore, lower spreads will save you some cash in the end.Second, look for account openings that have a low minimum. For example, if you are able to open a new account with as little as 250 dollars, then you are in a good position. Not everyone has millions of dollars to trade in this competitive market.Third, look for instant execution of orders with your new account. You do not want to do business with a broker that is going to give you a different quote when you click on a particular price, especially when you are dealing with small profits. Make sure that you have a broker that will quote the price that you physically see when you click on it.Always remember to do sufficient research before choosing a broker, because some of them might have certain terms that are not clearly stated and you do not want to be kicking yourself in the end. There are plenty of honest brokers out there that want to help you make a profit, and then there are some who only care about a paycheck.

2010-08-02T06:14:00.001-07:00

FOREX Special 5 Keys For FOREX Success

If you have not read my 5 powerful tips for forex trading article yet, be sure to do so. Today, I’ll like to share with you 5 intermediate keys for forex success. These are information that people would easily pay hundreds of dollars to get so count yourself lucky for getting them free.
1 - Great exits are more important than good entries
Just remember, most traders are always focused on getting their entries right and I’m not denying that that is important but it’s the exits that matter a lot more than the entries. Don’t argue with me on that please. I’ve traded long enough to know my entries and exits. Where you exit will determine the fate of your trades. Period.
2 - Moving my stop to BE+1 as soon as feasible
This is a bit of an idiosyncrasy for me. I never like seeing my positive trades turn into negative ones. When I say that, I mean trades that are really in the black already and not just up by 10 or 20 pips. Forex is much too volatile for that. Typically whenever trades are up by 30 pips or more, I’ll move my stop loss to 1 pip more than break even. Essentially that means I’ve locked in at least 1 pip of profit. Let’s move on …
3 - Not reading too much into pivots on Mondays
If you rely on pivots for trading, be sure not to read too much into them on Mondays. They are the least reliable on the 1st trading day of the week. Needless to say, these pivots are based on information from last Friday’s trading but because there’s a gap over the weekends, things tend to be screwed. I’d say to use pivots only from Tuesday and onwards.
4 - Early European trends start around 0645GMT
Need I say more? Eastern Europeans will start the ball rolling around this time. Take note!
5 - Reversals of the above (if any) then tend to happen around 0730GMT~0815GMT
Listen … you’ve just gotten some real gold ok? If there are any reversals from the european trend that starts around 0645GMT, it will tend to happen in a 45 minute period that starts from 0730GMT-0815GMT. Is that cool or what?

2010-08-01T05:06:00.001-07:00

Forex Success Key Points And 7 Reasons Of Forex Trading

3 Primary Reasons to Trade with Asia Kapitalindo

1. Asia Kapitalindo is a very respectable broker.

Aside from being registered to all three Indonesian futures associations: Bappebti, BBJ and KBI, there is no bad word-of-mouth nor bad review from the internet about Asia Kapitalindo. News spread really fast on the internet and yet there has NEVER been any bad mouthing of Asia; that's pretty impressive we must say.

2. Asia Kapitalindo provides a fixed spread of 5 pips.

There are many international brokers that claim to provide low pips as low as 1-2 pips but widen the spread to tens of pips during certain times. Asia Kapitalindo's spread might be relatively larger than the

Forex Faculty thinks that forex trading is the ultimate way to take you to your financial freedom. But why? What are the reasons? Are they good? Also as importantly, are they valid?

There are a lot of people that have reached their financial freedom state. Take Bill Gates as an example. We bet a hundred bucks that he's financially free now. Did he get there by forex trading? Maybe, we don't know him personally but we're pretty sure it was most likely due to his business in developing the "Windows" platform.

Besides Bill Gates, there are a lot of other people that do not have to worry about their financial state but they have never been involved in currency trading before. So why does Forex Faculty make this controversial claim?

We want to persuade you that there is a very strong reason to start forex trading. This is one of the financial foundations toward a successful forex trading. You must realize the potential of forex trading before you can have the right mindset, attitude, and confidence while trading. And as you have probably known, having those 3 components are crucial in to make the appropriate decision during forex trading.

So first of all, let's be clear about the state of being "financially free". We should list the criteria of being financial freedom.

We believe that achieving financial freedom should have the followings characteristics:

1. having sufficient income to cover the current "wants"
2. #1 should not be bounded by location, that is, having sufficient money anywhere
3. #1 should not be bounded by time, that is, having sufficient money anytime
4. #1 should be fast paced, that is, sufficient income should come at a rapid pace
5. #1 should be based on a safe environment, that is, can get income safely without worrying about scam, fraud, and the likes
6. there has to be a LOT of opportunity for #1. That is, when 1 opportunity is gone, another one is already at hand to be operated on
7. attaining #1 should be simple enough, that it does not require tremendous hardwork.

These are the Key Success Factor in attaining financial freedom. That means, if your curent job has a very strong similarty to those characteristics, then you are pursuing your financial freedom in the most effective way possible.

And this is exactly the case with Forex Trading.

Forex Trading:

1. if successful, is one of the best source of income to cover all your "needs" and "wants". That is because it promises an unlimited return while at the same time you can significantly minimize the risk.
2. is not bounded by location. You can trade currencies anywhere there is an internet connection
3. is not bounded by time. You can trade currencies anytime as long as you are connected to the internet
4. is happening in a very fast pace fluctuating market. That means, you can earn a lot of money at a very rapid rate.
5. is very safe. As long as you are trading with a registered, trustable and respectable broker, your money is basically sitting there, untouched, for your trading convinience
6. involves 2 vertical dimensions and typically more than 5 horizontal dimensions. Whether the market is going down or up, you can earn money. And when a market of a specific currency is not presenting good opportunity, you can always switch to another market.
7. And lastly, forex trading is one of the simplest forms of investments.

2010-08-01T05:02:00.001-07:00

Forex Trading Success

Any successful FOREX trader needs a good trading strategy. Each trader must develop their own, individual strategy; no one approach will work for all traders. While some traders rely on a single approach, such as technical analysis or fundamental analysis, many successful FOREX traders combine these methods to get a broad market overview and to plot entry and exit points.

The most important concept that technical analysis relies on is that prices move by trends. A common saying in FOREX trading is “The trend is your friend.” There are identifiable patterns in market movements that have been analyzed for many years. A good understanding of these trends and how to read them makes up the foundation of a good trading strategy.

Understanding market movements are made easier by using the many analytical tools that are available today. In order to gain knowledge about the applications and concepts, the FOREX trader should study each one individually. After getting a good concept of one, that one can be used while learning new ones. The tools will reinforce the others when they are used together.

Many Forex trading strategies utilize support and resistance levels. The price level that is most often the lowest price is what ’support’ is referring to. The price that is usually the highest that the stock will usually trade for is the resistance level. Also, price movements over a certain time period are contained within the support and resistance levels.

The direction that the price is heading is expected to stay the same once they break through support or resistance levels. An example of this would be that the price begins to rise above the earlier resistance level, that price will more than likely continue to rise, which people consider bullish.

Price charts must be analyzed in order to identify unbroken support and resistance levels. While charts can be analyzed in any time frame, analysis of longer time frames, i.e., weeks and months, can establish more important support and resistance levels. It’s important to have accurate support and resistance level data in order to know when to enter and exit transactions.

2010-08-01T05:01:00.000-07:00

Online Forex Trading Course

If you are interested in forex trading I think it is time for you to start off by getting some good forex course or forex training.Forex Trading Course is a necessity for everybody who interested in this field. As you knew there are a lot of money is involved in this business. If we don’t have some forex trading knowledge or experiences that supposed we got from forex training, I am sure we will lose a lot of money. May be some of us not even know what is forex trading. Forex that stands for foreign exchange is basically exchange of currency between various countries. By doing this we hope gain some profit.
To get forex trading course we can go through online and search from various online forex course. We can also get forex trading course from our local college campus.
Online Trading Academy is well-known as an online services that offering forex trading course. Their online trading course is free and contains with many video tutorial that really helpful both for beginner and professional who want to get more knowledge in forex trading. I think their website is full with tools that we need if we want to involve in forex business. Online Trading Academy is also has every resource that we need whether in forex market, stocks and options. It is hard to find website that provide some kind of source that relatively complete for us.

2010-07-28T23:16:00.000-07:00

Forex + Technical = The Best Way Fast Get Rich $$$

The word FOREX is derived form Foreign Exchange and is the largest financial market in the world. Unlike many markets, the FX market is open 24 hours per day and has an estimated $1.5 Trillion in turnover every day. This tremendous turnover is more than the combination of all the worlds’ stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade. Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange.

It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are executed through phone and increasingly through the Internet.It is only in the last few years that the smaller investor has been able to gain access to this market. Previously, the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily in the reach of most investors.

FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.

2010-07-28T23:14:00.001-07:00

ForeX Trading For Maximum Profit

Description of ForeX Trading for Maximum ProfitTake an in-depth, how-to look at Forex trading using the methods, analysis, and insights of a renowned trader, Raghee Horner. As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well. Raghee Horner, legendary not only as a top Forex trader but as a master teacher of trading systems and techniques, draws on her winning tools and methods, including classic charting techniques, in this book. She'll enable you, regardless of your skill level as a trader or investor, to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.

Contents of ForeX Trading for Maximum Profit
Introduction
1. Trading ForeX
2. Getting Started
3. History Repeats Itself
4. The Major Players
5. Prime Trading Times
6. Reading ForeX Quotes
7. Tools of the Trading Game
8. How to Draw Trendlines
9. The Difference Between Major and Minor Trendlines
10. Fibonacci Levels
11. Visual Tools
12. Measuring Trends with CCI on Short-Term and Long-Term Charts
13. Trading Versus Investing
14. The Funnel Mindset
15. The Difference Between Scalping, Momentum, Swing, and Position Trading
16. Two Cornerstone Steps of Trade Setups
17. "Prep Work"
18. Three Classic Tools to a Three-Step Setup
19. Building a Trade
20. Rewriting Trade management
21. A Trade Going Astray
22. Placing Your Orders
23. The Five Stages of Loss
24. Tips and Tricks of the Trade
25. News "Discounting"
26. Charting the U.S. Dollar with Other Currencies
27. Raghee's Rules for Successful Trading
28. A Day in the Life of a ForeX Trader
29. Conversation with Raghee Horner
30. www.raghee.com

2010-07-28T04:05:00.001-07:00

The Benefits of Leverage in Spot

2010-07-28T03:59:00.000-07:00

The Benefits of Leverage in Spot
One of the key steps in making a spot gold trade
is determining a trade size, because selecting the
correct trade size is critical to effective risk
management.
How much spot gold you can trade depends on how
much money you have in your trading account as well
as the online trading firm’s leverage and margin
requirements.
Typically, online forex trading firms will allow leverage of 50:1 for spot gold. If you can trade spot gold on a margin of 50:1, for every $1 you have in your account you have $50 in buying and selling power for spot-gold trading. In other words, a $5,000 account can trade up to $250,000.
Margin is the amount of money you must have in your trading account to make a particular trade. At 50:1 leverage, your margin requirement would be 0.02, or 2%. This means you must have a minimum cash balance of 2% of the total value of your spot gold positions. If you fall below 2%, your trade may be closed automatically, or, as it is referred to in trading language, liquidated.
Let's look at an example of how leverage works. Let’s say you would like to trade one lot of spot gold (which, as we have mentioned in other articles, equals 10 troy ounces) at $820.50. So, your total trade size would be 10 X $820.50, or $8,205. Since your margin requirement is 2% of your trade size, the amount of cash you would need in your account would be $8,205 x 0.02, or $164.10. If your account balance falls below this level, your trade will be automatically closed.
Leverage is what makes online spot-gold trading an excellent opportunity for beginning gold traders, who may not have large cash balances. Leverage increases your buying and selling power and lets you participate in a market that may otherwise be cost-prohibitive. In the example above, for example, 50:1 leverage gave you the ability to trade 10 ounces of spot gold at $820.50—a value of $8,205—with just $164.10.
Of course, it is important to keep in mind that increasing leverage also increases risk. You could make greater profits with a leveraged account, but you could also experience greater losses.

2010-07-23T00:21:00.001-07:00

GBP/USD: correction underway

Finally, risk appetite gave up earlier strength and majors and pair is correcting to the downside. Capped above 1.5120 support area, under that level a probable retest of 1.5080/90 seems likely as 4 hours charts show indicators also losing strength. Only above today’s high of 1.5176, pair could regain bullish momentum and approach to key 1.5230 resistance area.

2010-07-23T00:20:00.001-07:00

EUR/USD Important resistance area at 1.3750/1.3875 - Commerzbank

(Barcelona) - Dollar strength seems to be losing steam and the Euro and other considered higher yielding currencies are drifting higher, with the common currency approaching important resistance at 1.3750/1.3875 area, according to Karen Jones, technical analyst at Commerzbank.

The Euro trades now around 1.3700 and approaches 1.3750/1.3875, which, according to Jones, contains several resistance levels: "EUR/USD is slowly drifting higher. Overhead resistance remains prolific above the market at 1.3750-1.3875 – this contains a double Fibonacci retracement, the short term downtrend and pivot."

On the downside, bearish reaction below 1.3530 will cancel upside momentum, says Jones: "Near term risk is shifting to the topside and only a break below nearby support at 1.3530, will alleviate upside pressure for a slide to key support, which remains 1.3445/05 (recent low and medium term Fibonacci retracement)."

EUR/USD

EUR/USD (Mar 12 at 20:36 GMT)

1.3755/59 (0.56%)

H 1.38 L 1.3667

S3	S2	S1	R1	R2	R3
1.3681	1.3716	1.3750	1.3757	1.3791	1.3826

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Mar 12 at 20:23 (15-minute timeframe)

2010-07-23T00:19:00.001-07:00

USD/CHF falls to 1.0570, fresh 5-week low

(Córdoba) – The Swiss Franc is rising against the Dollar erasing yesterday’s losses. USD/CHF fell to 1.0570 reaching the lowest price since February 3.

The pair is holding below 1.0600 and currently trades at 1.0583/86, 0.30% below today’s opening price.

To the upside resistance could be located at 1.0620 and above at 1.0640 (March 15 high). To the downside support levels lie at 1.0570 (intra-day low) and below at 1.0550.

The Euro trades at the same level it had at the beginning of the day against the Swiss Franc after falling sharply in the last two days. EUR/CHF is hovering around 1.4520, after finding support during the Asian session at 1.4500/05 (16-month low).

USD/CHF (Mar 16 at 12:55 GMT)

1.0586/91 (-0.29%)

H 1.0627 L 1.0569

S3	S2	S1	R1	R2	R3
1.0533	1.0559	1.0586	1.0598	1.0625	1.0651

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Mar 16 at 12:43 (15-minute timeframe)

2010-07-23T00:14:00.000-07:00

US import price index falls beyond forecasts

(Barcelona) - The US import price index fell by 0.3% in February, thereby slipping further than the forecasts of a 0.1% decline from January's 1.4% growth.

Year-over-year, the US import price index ticked down to 11.2% growth in February from January's 11.5% rate. The market had predicted a more modest easing to 11.3%.

The Import Price Index released by the US Department of Labor informs the changes in the price of imported products into the US.The higher the cost of imported goods, the stronger the effect they will have on inflation, redounding in a higher probability of a rate rise. Generally, a high reading should be taken as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

Import Price Index (MoM)

-0.3%

Actual

-0.1%

Consensus

1.3%

2010-07-22T00:15:00.000-07:00

US FX FUTURES REPORT

The foreign currency futures collapsed across the board overnight, with the euro and Swiss in the lead. The rout was triggered by disappointing Eurozone economic data, ongoing pressure from Greece and by PBOC's decision to raise bank reserves by 50 basis points to 16.5% from 16%.

The German, Italy, Greece and the Eurozone preliminary GDP reports came in worse than expected in the fourth quarter, the Eurozone industrial production unexpectedly declined, and the French non-farm employment continued to drop in the fourth quarter.

The Asia/Pacific stock markets closed mixed, the European bourses are mixed, while gold and oil are down. The US stock markets are down in pre-open market; remember, further overall weakness is expected. All eyes are on the US economic agenda, which features the retail sales and business inventories reports, and the University of Michigan consumer confidence survey.

The short-term outlook for the foreign currency futures should remain bearish for the balance of the global day ahead of the long weekend. If order restores in FX, the yen should trade the opposite way. My model is short all of the European currencies and long the Aussie, Canadian dollar and yen.

Look for updates on my model’s positions on Twitter: They are free – for now. Then, you will have to subscribe to get the model turns in advance.

Overnight:

Australia: No data
China: The People's Bank of China raised banks' reserve requirement by 50 basis points to 16.5% from 16%, effective February 25.
Japan: Consumer confidence rose to 39.4 in January from 37.9 in the previous month.
Germany: The GDP stagnated in the fourth quarter, following a 0.7% rise in the prior quarter. Economists had expected a quarterly growth of 0.2%.
France: The GDP rose 0.6% sequentially in the fourth quarter from +0.2% in the third quarter, revised down from 0.3% rise initially estimated.
Italy: The GDP unexpectedly contracted a seasonally adjusted 0.2% in the fourth quarter after expanding 0.6% in the third quarter. On a yearly basis, the GDP contracted 2.8%.
Eurozone: The GDP rose at a slower pace of 0.1% sequentially in the fourth quarter from 0.4% in the third quarter. On a yearly basis, the GDP fell 2.1%, slower than the -4% in the third quarter.
Greece: The GDP contracted 0.8 percent in the fourth quarter after a revised fall of 0.5 percent in the previous quarter.
Greece: The International Monetary Fund on Friday joined the European Union in pledging support for Greece in its struggle to bring its ballooning budget deficit under control and contain its debt crisis.
Eurozone: Industrial production plunged by a seasonally adjusted 1.7% in December from November’s +1.4%, revised upward from +1%. Year-on-year, industrial output fell 5%, less than the revised -6.9% in November
France: Non-farm employment declined 0.4% in the fourth quarter after a 0.5% fall in the third quarter. Year-on-year, non-farm employment dropped 2.5% in the fourth quarter.
UK: The Conference Board leading economic index rose to 99.0 in December from 98.6 in the previous month. This is the ninth straight month in which the leading index has risen. The coincident economic index increased to 102.8 from 102.7.

Today’s Economic Calendar:

Canada: New motor vehicle sales for December
US: Retail sales for January
US: Business inventories for December
US: University of Michigan consumer confidence survey for February

EUR- March

Luca Model: Short since January 20

The March euro sank for a third day to mark a nine-month low amid nervous trading surrounding the Eurozone effort to help out Greece and regional economic weakness. The short-term outlook turned bearish for the rest of the day. The medium-term outlook remains bearish and my model is short. The target of a medium-term bearish flag is 1.3370 and the target of a short-term bearish flag is 1.3150.

The current low of the downtrend is 1.3531. Below 1.3483, distant support is at 1.3321.

Immediate resistance is at 1.3617. The next cap is 1.3710. Strong resistance is at 1.3818. The 21-day moving average lies at a very distant 1.3924.

INDICATORS

Fast stochastics: Slightly bearish

MACD: Slightly bearish

Ichimoku: Bearish

OUTLOOK

NEAR-TERM: Bearish

MEDIUM-TERM: Bearish

LONG - TERM: Bearish

JPY - March

Luca Model: Long since February 4

The March Japanese yen reversed Asian gains to an over one-week low and tested the bottom of its channel rising since January 8. The yen remains in an inside range. The short-term outlook is sideways. The medium-term outlook remains sideways and my model is long.

The 21-day moving average supports at 110.92 and the bottom of the channel is 110.65. Distant support is at 109.57.

Immediate resistance is at 111.54. Above 111.92, good resistance remains at 112.50. The top of the upmove is 112.95.

INDICATORS

Fast stochastics: Slightly bearish

MACD: Slightly bearish

Ichimoku: Slightly bullish

OUTLOOK

NEAR-TERM: Sideways

MEDIUM-TERM: Sideways

LONG-TERM: Bullish

GBP - March

Luca Model: Short since January 21

The oversold March pound has been alternating up and down days for four days, and remains under pressure. Basically, cable is consolidating at the bottom of its recent downmove. The short-term outlook is slightly bearish. The medium-term outlook is bearish and my model remains short.

Below 1.5583, the low of the downtrend is 1.5531. Further support is at 1.5469.

Strong resistance is at 1.5697. The next cap is 1.5769. The 21-day moving average resists at a very distant 1.5877.

INDICATORS

Fast stochastics: Sideways

MACD: Bearish

Ichimoku: Sideways

OUTLOOK

NEAR - TERM: Slightly bearish

MEDIUM - TERM: Bearish

LONG - TERM: Bearish

CHF - March

Luca Model: Short since January 20

The oversold March Swiss franc remained under pressure overnight, when it succumbed to a six-month low. The short-term outlook turned bearish for the rest of the day. The medium-term outlook is bearish and my model is still short.

The new low of the downtrend is .9236. Further support is at .9214 and .9158. Distant support lies at .9116.

Initial resistance is at .9297. Further caps are at .9337 and .9396. The 21-day moving average resists at a distant .9468.

INDICATORS

Fast stochastics: Bearish

MACD: Sideways

Ichimoku: Bearish

OUTLOOK

NEAR-TERM: Bearish

MEDIUM-TERM: Bearish

LONG-TERM: Bearish

CAD – March

Luca Model: Long since February 10 (reversing short since January 20)

The overbought March Canadian dollar slipped on profit taking overnight after rallying for three days to the highest level since January 22, but found a floor from the 21-day moving average. The short-term outlook is bearish early and then slightly bullish. The medium-term outlook is sideways and my model is long.

Initial support is at .9453 from the 21-day moving average. The 100-day moving average follows at .9411. Further support is at .9337. The low for the downtrend is .9274.

Immediate resistance is at .9556. The next cap is at .9586. Distant resistance is at .9680

INDICATORS

Fast stochastics: Bullish (overbought)

MACD: Bearish

Ichimoku: Bullish

OUTLOOK

NEAR-TERM: Bearish early, then slightly bullish

MEDIUM-TERM: Sideways

LONG-TERM: Bullish

AUD – March

Luca Model: Long since February 10

The March Australian dollar opens lower in the US after surging to a two-week high and closing above the 21-day moving average for the first time since January 19. The short-term outlook is bearish early and then slightly bullish. The medium-term outlook is sideways and my model is long.

Initial support is at .8769. Below .8719, distant support is at .8653.

The 100-day moving average resists nearby at .8809. The 21-day moving average lies at .8849. Further resistance is at .8911 and .8967.

INDICATORS

Fast stochastics: Bullish (overbought)

MACD: Slightly bullish

Ichimoku: Slightly bearish

OUTLOOK

NEAR-TERM: Bearish early, then slightly bullish

MEDIUM - TERM: Sideways

LONG - TERM: Bullish

2010-07-22T00:13:00.001-07:00

EU to support Greece, if needed

At today’s EU Heads of State summit, the European Union agreed unanimously to the principle of supporting Greece, but no concrete aid steps were announced. Additional details could be unveiled at the Ecofin meeting on Tuesday, February 16. Statements after the summit suggest that there’s no ex-ante decision to rescue, but there’s a strong commitment to do so if and when the need arises. Seemingly, today all possible technical tools were discussed. Some EU sources have been quoted saying that:

1. Support could be structured in stages, depending on the level of need

2. Countries could participate according to their weight in the eurozone

3. Support options could vary from country to country

As expected, the ECB and the IMF will not be involved financially in the plan. The ECB welcomed the EU pledge to take coordinated action if needed, and stated it will work jointly with the EU in defining Greece’s fiscal consolidation path, and in monitoring its implementation. The IMF praised the agreement, and offered its expertise, if needed. FI: Markets are now more confident that Greece will receive support, if needed. Once it was clear that no details would be revealed today, peripheral countries came under moderate pressure, although not enough to erase gains posted earlier in the day. The main message retained by investors is that the outlook for periphery is improving. From yesterday’s closing level, 10Y GGB-Bund spread tightened 9.5bp, and Portugal and Ireland were similarly well supported. FX: The euro was battered again, with investors being ultimately frustrated by the overall lack of details regarding the EU leaders’ decisions and by the general feeling that this move will not be enough to fully dissipate ongoing EMU-related concerns. There is still risk that more selling pressures may hurt the EMU unit in the coming days, with the Ecofin meeting on Tuesday unlikely to offer EUR-USD a lasting support. Actually, a pullback above 1.3840 is needed in order to at least just freeze the intense selling pressure. On the other hand, the risk of a further drop towards 1.34/1.3390 has increased, especially if the 1.35 base also falls.

This article taken by www.fxstreet.com

2010-07-22T00:11:00.001-07:00

Commodities currencies end week on a strong note

FXstreet.com (Córdoba) – Currencies link to commodities managed to finish the week with important gains despite ending Friday slightly lower.

AUD/USD rose on a weekly basis after falling in the previous four. The pair tested levels above 0.8900 and then pulled back finding support at 0.8780.

USD/CAD fell more than 200 pips during the week and momentarily dropped below 1.0500. The pair rallied to the downside 260 pips from Tuesday to Thursday.

NZD/USD rose for the first week after falling in the last five. The pair recovered after dropping a week ago to 0.6800 reaching the lowest level since September. The pair jumped almost 200 pips and finished on Friday near 0.7000.

Commodities were helped by an increase in the price of raw materials and beneficiated by problems that European countries are facing.

AUD/USD (Feb 14 at 21:47 GMT)

0.8875/78 (0.20%)

H 0.8887 L 0.8868

S3	S2	S1	R1	R2	R3
0.8822	0.8844	0.8866	0.8876	0.8898	0.8920

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Feb 14 at 21:43 (15-minute timeframe)

This article taken by www.fxstreet.com

2010-07-22T00:10:00.005-07:00

Gold finished week higher

FXstreet.com (Córdoba) – The yellow metal ended Friday hovering around $1,090; near the same opening price. For the week, the ounce gained more than $20 and finished with gains after falling in the previous four weeks.

Gold tested the $1,100 zone on Thursday but failed to break above. On Friday pulled back finding support at $1,077. The value of the ounce continues to move away from the lows of the current year: on February 5, gold tumbled to $1,043 reaching the lowest price in three months.

EUR/USD (Feb 14 at 21:48 GMT)

1.3609/14 (-0.12%)

H 1.3632 L 1.3598

S3	S2	S1	R1	R2	R3
1.3528	1.3562	1.3596	1.3606	1.3640	1.3674

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Feb 14 at 21:42 (15-minute timeframe)

This article take by www.fxstreet.com

Stock markets fluctuated all around world

2010-07-22T00:09:00.000-07:00

Stock markets fluctuated all around world

The U.S. economy had little to reveal this week, where a lack of fundamentals throughout the week led investors to focus on global issues including Greece’s debt problems, and accordingly pessimism over the outlook for global growth dominated investors, and accordingly equity indexes fluctuated heavily during this past week.

The U.S. Commerce Department released this week the trade balance for the month of December, where the trade deficit widened beyond expectations to highlight the downside effects of the rising dollar, where the U.S. dollar started to gain momentum recently against major currencies, while lower demand levels from all around the globe also weighed down on the trade deficit.

According to this we should expect a lower contribution from net exports to the GDP estimate in the fourth quarter, though the U.S. economy was able to expand by a staggering rate amid the ongoing support from the U.S. government alongside the recent improvement in economic conditions, yet the real question here, will the economy be able to sustain such a staggering growth level over the upcoming period.

The answer to that question is rather clear, the U.S. economy won’t be able to sustain such a staggering rate since elevated unemployment and tightened credit conditions will continue to weigh down on economic growth in the world’s largest economy, and it will probably take a long time before the U.S. economy can go back to meet its long term growth potentials.

Moreover, the U.S. Labor Department released the weekly jobless claims, where the data released indeed signaled some improvement and this comes inline with the recent figures released from the labor market, where conditions started to improve over the past few months, as unemployment dropped to 9.7% and the pace of layoffs seem to be easing noticeably, and as a matter of a fact some employers started to hire new workers again, though the pace of new hiring remains rather weak.

The retail sales index signaled that consumer spending improved amid the holiday season, where retail sales increased in January after falling back in December, where the huge discounts seemingly lured consumers, this indeed signals an improvement in consumer spending, since retail sales accounts for more than 50% of consumer spending.

Spending though remains somehow weak even as it has been improving recently, yet it remains subdued amid elevated unemployment, tightened credit conditions, lower income growth, and diminishing households’ wealth, yet spending should continue to improve gradually over the upcoming period as conditions continue to improve, and accordingly we should expect the U.S. economy to continue to grow over the course of this year unless of course something else happens that changes the course of recovery.

Confidence however retreated in February, where the University of Michigan confidence index signaled that consumer confidence dropped back to 73.7 well below the prior and expected estimates, as even though the economic conditions index improved, yet the outlook for the economy deteriorated, meanwhile, the 1-year inflation expectations index eased to 2.7%, and the 5-year inflation expectations index eased to 2.8%.

Meanwhile, the Federal Reserve Bank’s chairman, Bernanke, signaled that the Feds have several tools that will help withdraw excess liquidity from markets, however, Bernanke still believes that it’s early to undertake such a stance, since he signaled that interest rates will remain at low levels for some time, as the Feds need to make sure that economic conditions are indeed stable before they start to tighten their monetary policy.

The U.S. dollar gained huge momentum against major currencies this past week, where investors focused on Greece’s debt problems, where the swelling budget deficit in several countries including Greece, Portugal, and Spain are perceived as a risk for economic growth in the Euro Zone economy, this indeed led investors to worry over the outlook for global growth and accordingly investors shed their risky assets and opted to invest in lower yielding assets including the dollar, and that provided the dollar with huge momentum to rise against major currencies.

Despite the recent improvement in financial markets, yet confidence remains rather fragile, where investors are still worried that their might be more ramifications from the worst financial crisis since the Great Depression, and we shouldn’t expect investors’ confidence to return back to normal, since they are yet to believe that global economies are out of the woods yet.

Stock markets fluctuated heavily over the course of this week, where U.S. companies continued to report mixed earnings, yet the dominant factor was the rising fears over the outlook for global growth, and investors shed risky assets on concerns related to Greece’s debt problems and China’s decision to tighten its monetary policy, where the latter was seen as a threat to the pace of the recovery.

This article taken by www.fxstreet.com

2010-07-21T05:53:00.000-07:00

Online Trading 2011

Day trading is the same base idea as any other sort of trading with one massive difference : day traders barely hold a position with a stock overnight. Stocks are acquired and sold in the matter of hours- hopefully for the trader with quick profits. Due to the really speed that these transactions are made, day traders risk more than more traditional traders do, and the stocks that they trade in are more unsteady and far more unpredictable. In the world of day trading, there are many sub-types and each has its own benefits and drawbacks and is going to be researched totally. online trading

Though day traders do trade on many markets, with many types of financial vehicles, they do the overwhelming majority of their high speed trading on the internet. In fact, the times of the Wall Street market scene are falling away, as more of the trading is being done on a huge computer network. NDX is totally electronic now, while the NYSE only does a portion of its activities on the internet. The world is moving far too fast for the traders to remain competitive if they don't seem to be able to move as fast as the slowest computer- the traders that may evolve will succeed, the ones who cannot will retire, hopefully with a nice nest egg.

For each failed day trader, there are numerous others ready to saddle up and take the opportunity to make their fortune and their names on the back of some quick, but good trades. online trading

Futures is a dodgy market for plenty of reasons, most notably because not everything can be forecasted or foreseen.

Day traders can move many thousands of dollars on the foreign exchange market, and never once visit any of the states that they're trading with. While the forex market has barely less harsh restrictions and rules, they aren't completely rule-less and you must know the ins and outs of this very fast moving market before even trying your hand at it.

At least till you have made enough trades to be ok with the process, you need to stick to simple stocks. online trading

Undisciplined or illiterate trading is not only dangerous ; it can weaken the entire market system. As more traders fail in bigger and more public ways, the general public becomes more scared and less certain to invest any money at all into the market at large. The extra cash that stays in banks or at home in empty peanut butter jars means that far less flowing into the stock market and into new and growing companies. If those businesses can't manage to show a profit reasonably shortly into their operation, they're going to fold. If one more business folds, then public confidence will fade even farther, and the cycle is repeated. While the whole economic downturn can't be blamed on reckless day traders, they definitely aren't helping in the future.

2010-07-21T05:46:00.001-07:00

How To" Start Trading The Forex Market? (Part 5)

What are *PIPS* ?

Currencies are traded on a price/ point (pip) system. Each currency pair has its own pip value.

When you see a FOREX price quote, you'll see something listed like this:

EUR/USD 1.2210/13

Explanation:

a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS.

B) If you want to SELL the EUR/USD ( meaning you SELL EUROS and BUY US$ ) you buy 122,100 US$ and sell 100,000 EUROS, or in other words you receive 100,000 EUROS for 122,100 US$.

The difference between the bid and the ask price is referred to as the spread. In the example above, the spread is 3 or 3 pips.

Since the US dollar is the centerpiece of the FOREX market, it is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair.

For example a quote of USD/CHF 1.3000 means that fore one U.S. dollar you receive 1.30 Swiss Francs. or in other words, you receive 1.30 Swiss Franc for each 1 US$.

When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/CHF quote above increases to 1.3050 the dollar is stronger because it will now buy more Swiss Franc than before.

The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as EUR/USD 1.2080, meaning that for EURO you receive 1.2080 U.S. Dollars.

In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one Euro, British pound or an Australian dollar.

In other words, if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening.

Currency pairs that do not involve the U.S. dollar are called cross currencies, but the calculation is the same. For example, a quote of EUR/JPY 134.50 signifies that one Euro is equal to 134.50 Japanese yen.

HOW TO BUY ( going " LONG ")and SELL ( going " SHORT ") in the FOREX Market?

Keep in mind 2 very important rules:

RULE # 1) Cut your LOOSING trades and let your WINNING trades RUN

YOU WILL HAVE LOSING TRADES. Every FOREX trader has. The secret is, that a consistent, disciplined trader, at the end of the day, adds up more winning trades than losing trades.

When you and see on your charts, without any doubt, that you are in a losing trade, don't keep losing money. Most of the novice traders are lowering their stop loss just to "prove they are right" or "hoping that the market will reverse". 99% of these trades, are ending up with more losses. Most of the profitable trades are usually "right" immediately.

Remember, smart traders know there are many other opportunities. CUT your losses short and compound those winning positions.

RULE 2) NEVER EVER trade FOREX without placing a Stop Loss Order.

PLACE a STOP order, right along with your ENTRY order, via your online trading station, to prevent potential losses.

Before initiating any trade, you have to calculate at what point ( price) you would be wrong, because the market changed direction, and would want to cut your losses.

To make profits, in the FOREX, a trader can enter the market with a *buy position* (known as going "long") or a *sell position* (known as going "short").

As an example let's assume you've been studying the EURO. The EURO is paired first with the U.S. dollar or USD.

Your trading methods, rules, strategies, etc., tell you that the EURO will rice in the next 2 weeks, So you buy the EUR/USD pair meaning you will simultaneously buy EUROS, and SELL dollars).

You open up your excellent trading station software (provided to you for free by Fenix Capital Management, LLC www.fenixcapitalmanagement.com ) and you see that the EUR/USD pair is trading at:

EUR/USD: 1.2010/1.2013

As you you believe that the market price for the EUR/USD pair will go higher, you will enter a *buy position* in the market.

As an example, lets say you bought one lot EUR/USD at 1.2013. As long as you sell back the pair at a higher price, then you make money.

To illustrate a typical FX SELL trade, consider this scenario involving the USD/JPY currency pair:

REMEMBER Selling ("going short") the currency pair implies selling the first, base currency, and buying the second, quote currency. You sell the currency pair if you believe the base currency (USD) will go down relative to the quote currency (JPY), or equivalently, that the quote currency (JPY) will go up relative to the base currency (USD).

HOW TO CALCULATE PROFIT OR LOSS?

The Profit Calculations, on the Short-sell trade scenario below, may seem somewhat complicated if you've never been in the FOREX market before, but this process is continually calculated through your broker trade station (software). I show you this process below so you can SEE how a PROFIT might occur.

The current bid/ask price for USD/JPY is 107.50/107.54, meaning you can buy $1 US for 107.54 YEN, or sell $1 US for 107.50 YEN.

Suppose you think that the US Dollar (USD) is overvalued against the YEN (JPY). To execute this strategy, you would sell Dollars (simultaneously buying YEN), and then wait for the exchange rate to rise.

Your trade would be the following: you sell 1 lot USD (US $100,000) and you buy 1 lot JPY (10,754.000 YEN). (Remember, at 0.25 % margin, your initial margin deposit for this trade would be $ 250.)

As you expected, USD/JPY falls to 106.50/106.54, meaning you can now buy $1 US for $106.54 Japanese YEN or sell $1 US for 106.50.

Since you're short dollars (and are long YEN), you must now buy dollars and sell back the YEN to realize any profit.

You buy US $100,000 at the current USD/JPY rate of 106.54, and receive 10,654,000 YEN. Since you originally bought (paid for) 10,754,000 YEN, your profit is 100,000 YEN.

To calculate your P&L in terms of US dollars, divide 100,000 by the current USD/JPY rate of 106.54

Total profit = US $938.61

2010-07-21T05:45:00.002-07:00

Forex Usdbot Review - Forex Usdbot Scam

USDBOT is the freshest, to the highest degree modern automated forex trading robot to hit the forex market Of All Time. You have likely already seen the rumors in the recent months about a game-changing forex robot being prepared by veteran forex traders . This is it. Everything is laid large open and USDBOT is no more longer the hush-hush, below the wraps, internal trading system.

I am old Suresh Mark , and so I didnt think anything could shock and raise up the forex forex market. I simply thought this was some marketing hype and fiction. Even So, to my surprise, I followed incorrect, utterly and absolutely wrong. USDBOT has made the forex market by surprise and is about to set a new general in automated forex trading.

True, I am at a loss of words Stunned, Offended, and in utter Unbelief.

What I am about to show you IS leading to blow your judgment away, Promise. Keep your breather

I simply received a validation paginate from USDBOT with 3 Video Testimonies from beta-testers who have been hard out the USDBOT System Of Rules for the recent several workweeks. These testimonials have been recorded in the last few days and express 3 forex traders using the USDBOT System successfully to gain profits.

Check it out here :USDBOT Official Site.

- $1000 to $1524.70 in 11 Days - $5000 to $8186.91 in 21 Days - $10000 to $21,413.79 in 89 Days

These ARENT written testimonials or numerous bogus trash slapped up on a page. These are forex traders sharing their experiences and their views of the USDBOT System. Personally, I trust that there is no more better proof than online traders partaking their thoughts on a system of rules, equally they are the best judge and they have long time of forex experience to substitute their surveys.

Im sure thousands of traders will follow accessing these video recording testimonials so be quick about it, and if they dont loading precise aside, just be patient and they will!

2010-07-21T05:45:00.000-07:00

Forex Mutant

Not much is revealed about Forex Mutant except that the developer of the system is adamant that people are kept in the dark concerning forex trading. The product has a lot of statistic graphs showing what the software is capable of but maybe to the average forex newbie it does not mean much in so far as understanding the meaning of the data presented. Having said that maybe a newcomer on the forex market does not want to know the inner workings of a system or software and couldn't care less as long as the product works and delivers what it claims to do.

Forex Mutant claims the product does not need any advanced technical setup procedures to get started unlike some forex robots that claim to be simple but once installed need highly advanced input data to get going. Most forex robots or software products claim the way to decide whether their product is viable is to compare it with another product and if a person did not see results with the other product then theirs claim to deliver the goods. Forex Mutant software also provides a no risk environment as no trades are executed without the permission of the operator of the system.

Lee Campbell developed Forex Mutant with one goal in mind and that was to level the playing field when it comes to forex trading as he claims ordinary people are not being told the truth about trading forex. In essence the software generates buy/sell signals claiming these signals are extremely accurate. These signals only need to be copied and pasted to a person's trading platform. This essentially means in order to use the software a trading platform is required although to some people this might seem obvious but maybe not to a newcomer that wants to start with trading. There is absolutely no difficulty involved installing the software and like most systems it works with any currency pairs and there is no minimum trading amount required. Various bonuses are offered with the package and it is claimed to be available only to a pre determined number of buyers.

2010-07-21T05:44:00.000-07:00

How to increase $1,000 to over $10,000 dollars in 2010

As investors what should be your concern is how to develop your capital, so I have always been thinking like this and that's what has help me up till date.

Here is how $1000 forex trading account can turn into over $10,000 with your trading plan. So many people trading forex today doest not have any trading plan but don't worry I will help you develop one, so get this. Let say you target 20 pips a day on a mini account for about 25 trades and set 10 pips loss, on 15 trades you will be having $350. So repeat this process for an average of 3 months period your account would be grown to $2035. If you repeat this method you will be having $3785.

I used to write down how many pips or dollars I wish to make daily and after that I will now go into trading knowingfully well what I want in that trade. That's what all investors should be doing before trading at all. I have almost loss all the money I have before I understand this method; you must have a decent trading plan.

Before you drop a dime to trade, pls ask yourself this questions what kinds of trades achieve profitability consistently? What skills are required to consistently make 20 pips monthly? What do I want to achieve in the long run as a trader? What is my current skills level and what new skills level do l hope to attain? How disciplined am I in following whatever plans I develop?

Now pick the questions one by one and answer it, if you need to correct the way you used to trade before better do and always follow the process I have mentioned above, the last thing I will say is that you should develop a plan and stick to your plan. This will help you to discipline yourself, so keep trading and keep making profit.