Wednesday, September 8, 2010
HectorTrader Forex Course
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Futures and Forex Market Research, Commentary & Analysis
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•Trader Blogs - written by industry veterans
•Hightower research - a range of reports, advisories and trade analysis broken down by commodity market sector
•Hedging and marketing commentary
•CRB headlines and stories
•USDA reports and calendars
•Weather information
•CME group reports
•Commitment of traders
Futures and Forex Trading Calendars
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•First notice day
•Futures expirations
•Options expirations
•Economic releases
Thursday, September 2, 2010
Essential information about the Forex trading platform
Posted by salman tabiSH at 2:30 AM 0 comments
If you really interested in finding a Forex trading platform, then you should start by performing a thorough search on the Internet. There are many websites out there that provide trading platforms and specialized software for interested customers but you should not settle for anything but the best. Find an online resource that guarantees you the best trading experience, putting to your disposal modern generation software and all the tools you need. You will have to set up an account, the basic requirements for online trading being a high-speed Internet connection and of course, an Internet browser. Once you have entered your account, you can easily access the Forex trading platform and start trading freely!
What are the advantages such a specialized website offers? They provide a Forex trading platform that is accurate and stable, functioning at a speed that you will definitely find as convenient. You can check your account whenever you feel like it and you’ll definitely enjoy trading from the comfort of your own home. Imagine being able to perform any trades you desire, sitting in your PJs, in front of the computer. How great is that? Returning to the Forex trading platform, don’t forget to inquire about other advantages offered, starting with the fact that there is no download involved and that you get non-stop customer support. The platform functions perfectly, supporting any Internet browser you have and being compatible with professional security systems.
Trading is indeed one of the most pleasurable activities you can perform over the Internet. You have already seen how easy it is to select a Forex trading platform and set up your account. But did you know that there is a Forex referral program that can also get you some nice sums of money? The bonus received for referring other people to the same resource you use is quite attractive and you won’t have to lift a finger to benefit from it. Whether you mention the Forex trading platform to a friend, a member of the family or someone from work, the bonus is still yours and you cannot deny that this incentive is quite appealing. Traders have shown an interest for the Forex referral program, taking delight in the bonuses received for each person opening an account after being referred by them. Why should you not take advantage of this program as well?
The bonus obtained through the Forex referral program depends of course on the deposited amount. People understand how easy and profitable it can be to promote the Forex trading platform, entering the program without having second thoughts. Agents are given appealing commissions for their referrals and everyone wins from the program. Consider this affiliate system if you want to receive bonuses and enter the trading world the right way!
Tuesday, August 31, 2010
EUR/USD: Trading the U.S. ISM Manufacturing Report
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Our advantages:
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2. Transactions of any arbitrary volume starting at $100.
3. Instant execution.
4. Automatic orders execution.
5. Possibility of opening two opposite positions.
6. Fixed spread from 2 pips for all account types.
7. Accruing 2% annual interest on Free Margin.
8. A trading account in only 10 minutes from anywhere of the World.
9. Money withdrawal through the platform with no additional requests.
10. Multilingual interface and support.
Sunday, August 29, 2010
Forex Brokers
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Forex Training
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Forex Trading
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Saturday, August 21, 2010
What Lessons Can Be Learned From The Global Financial Crisis?
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USDJPY may be forming a cycle bottom at 84.72
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Forex For Beginners – The Pro’s Don’t Use Forex Robots And Neither Should You
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Friday, August 13, 2010
Currency Trading: An Introduction
Posted by salman tabiSH at 2:01 AM 0 comments
At the most basic level, imagine you exchanged some US dollars for British pounds. You might give $100 to buy £65. Then the rate changes in your favor so you exchange them back again. Now with the new rate you get $102 for your £65. You just made $2 or 2% of your investment.
Currency traders do this kind of thing all of the time with the aim of increasing their funds through many small trades. They trade on margins so that they can control larger amounts with only a small investment. In the above example, you might only have to hold $10 in your brokerage account to make the purchase even though the amount is $100. The broker covers the rest on the assumption that the market is unlikely to change by more than 10% in a short time.
Forex trading has been around for over 30 years but until the rise of the internet it was almost entirely in the hands of banks and other institutions with large investment funds. These days ordinary people can get involved on their home computers although the financial institutions are still the major players. When I tell you that around US $4 trillion changes hands every day on the currency trading markets you will understand that only a small part of this belongs to ordinary people like you and me.
Foreign exchange is a worldwide market and because of the different time zones around the world you can trade almost any time. Sydney, Australia is the first currency exchange market to open each day, and by the end of the business day in New York the Sydney market is open again for the next day's trading. So for 5 days per week this is truly a 24 hour market. It only closes on weekends.
You are not limited to dealing in your own country's currency so if your national economy is in a very unpredictable state you can switch to trading two other currencies that are a little more stable. While it is true that a volatile situation with big fluctuations can give you big profits in a short time, it is extremely risky to get involved in a currency that is experiencing a crisis.
These days brokers are going all out to attract the new type of home investor who does not have a lot of capital, so you can get started with just a few hundred dollars. They will provide you with software that allows you to make trades on your account, and real time market information including charts to show you the direction of movement of the different currency pairs.
With so much money changing hands every day, foreign exchange is a high liquidity market. This means that your capital will not be tied up for the long term as it might be if you bought certain kinds of stocks.
Apart from some funds to invest, the main things that you need to get started with currency trading are good money management skills, self discipline, a profitable system to follow and perhaps a forex robot to apply your system for you. When you have these in place, currency trading can be fun and quite profitable.Menu
Currency Trading
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Currency Trading - Crafting a Better Online Forex Trading Experience
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Major Currencies
Posted by salman tabiSH at 1:56 AM 0 comments
Australian Dollar AUD 1.1103 0.9007
Canadian Dollar CAD 1.0377 0.9637
Euro EUR 0.7778 1.2857
Japanese Yen JPY 85.956 0.0116
Pakistan Rupee PKR 85.59 0.0117
U.A.E Dirham AED 3.6729 0.2723
UK Pound Sterling GBP 0.6392 1.5646
US Dollar USD 1 1
FOREX RATES
Posted by salman tabiSH at 1:52 AM 0 comments
TT Clean Bank Selling
TT & OD Charts
Australian Dollar AUD 77.03 77.21
Canadian Dollar CAD 82.29 82.48
Danish Krone DKK 14.77 14.81
Euro EUR 110.08 110.34
Hong Kong Dollar HKD 11.02 11.05
Japanese Yen JPY 0.99 1
Saudi Riyal SAR 22.84 22.89
Singapore Dollar SGD 63.02 63.17
Swedish Korona SEK 11.61 11.64
Swiss Franc CHF 81.64 81.83
U.A.E Dirham AED 23.32 23.37
UK Pound Sterling GBP 133.76 134.08
US Dollar USD 85.65 85.85
open markeets rates international rates
Saturday, August 7, 2010
US ELFA: New Business Leasing Activity +25% in June
Posted by salman tabiSH at 12:23 AM 0 comments
Leasign and Finance Association’s summary of its monthly leasing and
finance report, published Tuesday:
Equipment Leasing and Finance Association’s Survey of Economic
Activity: Monthly Leasing and Finance Index
US sells $38 bln 2-year notes at 0.665; bid to cover 3.33
Posted by salman tabiSH at 12:22 AM 0 comments
EUR/JPY testing highs late in trading day
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US Sen.Reid: Hopes to Begin Senate Debate on Energy Bill Soon
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–May Also Try to Pass Food Safety Bill Before Energy Debate
–Senate Will Take Up Kagan Nomination Next Week
By John Shaw
WASHINGTON (MNI) – Senate Majority Leader Harry Reid said Tuesday
he will try to begin …
USD/JPY: Japanese players buying call options
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Oil prices below $80 as demand sluggish
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How long oil speculation lines up with equity direction remains to be seen. If reports on US crude inventory levels continue to show less demand than expected by analysts, it is quite possible stocks could carry …
STERLING TESTS UPPER RESISTANCE AT 1.5577
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Forex Legend – The Next Generation of Forex Trading is Here
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Monday, August 2, 2010
Can Forex Trading Be Taught?
Posted by salman tabiSH at 4:33 AM 1 comments
Many aspiring forex traders believe they do not need any outside help when learning how to trade the forex market. I call “an aspiring trader” anybody that is not yet a “Professional Trader”. Part of the allure of trading in general is the independent lifestyle and freedom that it can provide for you if you are successful at it, but to achieve this takes time, and knowledge, and that knowledge needs to come from somewhere. One negative aspect of the independent attitude that trading elicits in people is the fact that many new or struggling traders believe they can effectively teach themselves how to profitably trade the forex market ( Usually a Huge Mistake). While this may indeed be the case for some, it definitely is not the case for most, and even for people who do effectively teach themselves how to become profitable traders it is almost always after years of frustration and thousands of dollars of lost money in useless trading systems and or blown out trading accounts. There is a very simple way to greatly reduce the probability of having to experience such emotionallyand financially painful events; follow a respected trading mentor who can share knowledge and years of experiences with you. There is no better way to learn trading and trading strategies than from somebody already in the trading business, We will get to this in detail later in this article, but for now lets take a look at some real world examples of “How Trading Can Be Learned and Taught to an Aspiring Trading Student”
• Nature vs. Nurture
The debate over whether or not trading can be taught simply boils down to the age old psychology issue of “nature vs. nurture”, that is, is trading a skill that can be taught to people who have no prior experience or is it just a natural talent that you are either born with or not? This issue of trading being taught vs. it being a natural gift was first made popular by the famous story of Richard Dennis and Bill Eckhardt who had an ongoing dispute in mid-1983 about whether traders were born or made. Dennis believed he could teach people to become great traders but Eckhardt thought genetics were the determining factor. They posted ads for trading apprentices in the major financial newspapers stating that after a brief training session, the trainees would be supplied with their own trading account.
The group was invited to Chicago in December of 1983, after learning the rules Dennis wanted them to trade with; they began trading small accounts in January and after they proved themselves Dennis funded most of the trainees with 1 million dollars in February. This group became known as the “Turtles”, Dennis named them this after a saying he had heard on a recent trip to Singapore. The Turtles went on to become the most famous experiment in trading history because over the next four years they earned a total sum of over $100 million dollars. Richard Dennis thus proved that a simple set of rules could be used to take people with little or no trading experience and turn them into very profitable traders.
• The Importance of learning from a Mentor
One of the most ironic aspects to forex currency trading is that most people think they do not need assistance from a successful professional forex trader while learning to trade. Most people are fully aware that only about 10% of people that attempt trading ever make consistent money at, the other 90% either quit or lose so much money they are forced to quit before they figure out how to trade effectively. The irony here is that most people are fully aware of these statistics, at least in the back of their mind. So if trading is so difficult and most everyone knows it, then why are so few people willing to accept help from someone who has already figured out what it takes to become successful at it? The simple answer is pride, ego, arrogance, any or all of the above. The bottom line however, is that ego and pride mean nothing to the market. In fact, arrogance and pride will only hurt you as a trader, so the very fact that some people are unwilling to accept help from a professional trader is probably the very reason why they will fail; an overflow of pride. Now I am not claiming I have the “holy grail” here to show you how to print money, but I can confidently say I have “Genuine Knowledge and Real World Trading Strategies” to teach my students, which will not only save them many years of “searching” for strategies, but if applied correctly will likely produce good trades on a consistant basis for those that learn, study, and apply it.
Almost every single job in the “real world” requires you be trained “on the job” by an experienced professional at this job. I think it’s safe to say that most “regular” jobs are much easier, at least mentally, than figuring out what it takes to make money consistently in the forex market. As you need to be trained in any other skill by a professional in the field, so you need to be trained by a professional forex trader, if you wish to become a professional forex trader. There are people who do learn to trade on their own, but I promise you their path is much harder and filled with many more pitfalls that the person who lets down their walls and accepts the help of a professional trader. Now again, I remind you, I am not promising mircales, but I am promising a “short cut” to knowledge and skills that may otherwise take you years to learn and use. As a trading coach, my job is to transfer my knowledge of trading, put you on the correct path and mind set, so that you can then go out and continue to learn and grow as a trader.
• My background
I began as a stock trader when I was in high school, I parlayed my interest and passion for trading into a full-time trading career right after I graduated and haven’t looked back since. That’s not to say I haven’t experience my fair share of losses and frustration, because I have, but my passion for trading and natural knack for understanding market dynamics kept my head above water long enough for me to discover the best trading technique in the world; price action analysis. Once I became a fully converted price action trader, learning from the work of others and my own experiences and screen time, my trading results began getting more consistent, eventually I was managing money for private clients and producing double digit annual percentage returns for them. My extensive work with financial firms here in Australia, as well as learning from other professional traders, has enabled me to see how the big boys trade and further enhanced my understanding of how markets move. I have morphed my trading style into a comprehensive price action educational course that is great for newbie’s and advanced traders alike. My live seminars have worked to further my teaching style and my students love the flare and style that I have for teaching price action trading.
• Price Action is not just a set of rules
While the example of Richard Dennis and the “turtles” was a good example of the fact that trading can indeed be taught, there is a problem with learning a strict set of trading rules. Specifically, strict trading rules will not work in all market conditions; they may work great in a bull market or in a bear market, but fail miserably in sideways markets. What learning price action does for you is gives you a unique perspective on the market that allows you to profit in all market conditions. You are not just learning a strict set of rules that will only work in a bull market; you are learning a way of making sense out of price movement and learning how to spot specific price action setups that remain profitable in all market conditions. In this way, price action is truly the best method to learn how to trade with. Not only will I share all my professional trading knowledge and experiences, but you are getting taught what is in my opinion, the most relevant and consistently profitable way to trade the markets, which is without doubt , Price action analysis.
If your interested in learning more about ‘Price Action Forex Trading Strategies‘ , check out My Free Forex Trading Videos and Pro Forex Course Here
Good Trading and See You In the Members Area Soon,
Nial Fuller
Forex Trader and Coach - Learn To Trade The Market
Copyright 2010 Nial Fuller - Learn To Trade
For Media Enquries - contact Nial Fuller at www.LearnToTradeTheMarket.com
Nial Fullers Price Action Forex Trading Training
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Learn To Trade Forex
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Price Action Trend Trading with Gold
Set and Forget Forex Trading – Keep Your Day Job
Pin Bar Method Forex - Introduction, Definition
Trading 50% Retracements with Price Action Confirmation
Recent Fakey and Pin Bar Reversal Forex Trade Setups
My Price Action Setups: Pin Bars, Fakey’s, Inside Bars
Forex Pin Bar Method - Trading Pin Bars From Key Levels
Price Action - Price Action Explained
Forex Charts - Introduction to Forex Charting
Dont Trade News - Trade Price Action Instead
How To Trade Forex - ‘End Of Day Price Action Strategies’ at New York Close.
Trading the Inside Bar Strategy in Forex
Advanced Price Action in forex trading
Facts about trading pin bars candlesticks strategies
Trading forex using confluence and price action
Trading Price Action and Pin Bar Reversals in the forex market
The best candlestick patterns | price action forex strategies
Price Action Trading Strategy
Forex Trading Strategies
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Your Forex Trading Journey Starts Here . . .
Risk Reward & Position Sizing in Forex Trading
Making Forex Trading Decisions
Forex Trading Success Comes From Within
The Path to Price Action Forex Trading Success “Less Is More”
A SUCCESSFUL FOREX TRADER’S CONSTITUTION - Part 2
SUCCESSFUL FOREX TRADERS CONSTITUTION - PART 1
The Psychology of BREAK EVEN Forex Trades
Forex Trading Money Managment - An EYE OPENING Article
K.I.S.S. ‘ Keep it Simple Stupid Forex Trading Method ‘
How Price Action Trading Changed My life - Full Time Forex Trading
Forex Trading Failure – Why Most Traders Fail
Habits of a Successful Price Action Forex Trader
What Makes a Successful Forex Trader ?
Forex Traders Rehab - Recovering 1 Pip at a Time
Forex Psychology Basics 101
Price Action Trading - The Most Adaptable Forex Trading Method
Why Forex is the Best Market to Trade
10 Reasons Why Price Action Will improve Your Forex Trading
Why Use Forex Price Action Analysis ?
Major Economic Events in Forex Trading
Forex Trading Mentoring - What to look for?
Overcoming Fear in Forex Trading
The truth about Forex and Futures Trading
Tips For Newbies - How to start your forex trading career.
Forex Psychology - Trading Can Be Addictive
Forex Education
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FREE e-Book
Get The 10 Keys to Successful Trading for free. Take advantage of this free tool if you are looking for assistance with chart interpretation, terminology, standard Forex trading practices and more. Download your FREE copy now!
Forex News
Posted by salman tabiSH at 4:22 AM 0 comments
FOREX-Dollar hurt by economy worries, Aussie at 3-mth high (at Reuters)
* Dollar index dips to fresh 3-month low
Mon, 02 Aug 2010 09:34:55 UTC
Q+A-Will Japan intervene to curb yen s rise? (at Reuters)
A broad fall in the dollar has propelled the yen higher, bringing the Japanese currency within range of levels it has not traded at for 15 years and raising speculation whether even more gains will tempt Japanese authorities to intervene.
Mon, 02 Aug 2010 08:03:52 UTC
Japan deputy finmin: Don t see yen rises as rapid (at Reuters)
Japanese Deputy Finance Minister Naoki Minezaki said on Monday he did not see yen rises as rapid as of today. Minezaki also told a news conference that he would prefer not to comment on currency levels.
Mon, 02 Aug 2010 06:42:59 UTC
Euro a little higher at $1.3081 (AP)
The euro is a little higher against the dollar at the start of a week that includes the European Central Bank s monthly interest rate meeting and a key U.S. employment report.
Mon, 02 Aug 2010 06:19:23 UTC
Forex & Commodities: High-Yielders Rise as Stocks Gain (at CNBC)
The Aussie and the New Zealand dollar climbed on Monday as firmer regional equities give higher-yielders a leg up.
Mon, 02 Aug 2010 05:27:00 UTC
FOREX-High-yielders gain, dollar index hits 3-month low (at Reuters)
* Dollar index dips below support near 81.44 * Aussie rises, yen slips as regional shares climb * Sterling touches 5-mth high vs dollar
Mon, 02 Aug 2010 03:57:16 UTC
FOREX-High-yielders gain, dollar index hits 3-mth low (at Reuters)
* Dollar index dips below support near 81.44 * Aussie rises, yen slips as regional shares climb * Sterling touches 5-mth high vs dollar
Mon, 02 Aug 2010 00:29:00 UTC
Caixin Online: China s forex chief: Inflation eased yuan pressure (at MarketWatch)
Inflation in China over the past decade has taken pressure off the yuan s foreign exchange rate, bringing the rate closer to equilibrium than it was 10 years ago, the head of China s State Administration of Foreign Exchange tells Caixin Online.
Thursday, July 29, 2010
Forex trading hours, Forex trading time:
Posted by salman tabiSH at 10:35 AM 0 comments
Tokyo opens at 7:00 pm to 4:00 am EST
Sydney opens at 5:00 pm to 2:00 am EST
London opens at 3:00 am to 12:00 noon EST
Forex market hours. When to trade and when not to
Posted by salman tabiSH at 10:35 AM 0 comments
So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time — turn off your computer and don't even bother!
Characteristics of Forex Market
Posted by salman tabiSH at 10:18 AM 0 comments
1st, It consists market but no trading field
The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network. Stock trading is being traded through stock exchange. Like the New York Stock Exchange, the London stock market, the Tokyo stock market, respectively is American, English, the Japanese stock main transaction place, it is a centralism business financial commodity, its quoted price, the transaction time and hand over to the procedure all consist of unification the stipulation, and has established the same business association, it has formulated the same business rules. The investor could buy and sells the commodity through the broker company, this is known as "consist of trading market and trading field".
But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. But, the foreign currency trading network actually is globally, and it has formed a organization which has no formal organization, the market is relied through an approval way and the advanced information system, Forex traders do not consist any membership qualification for any organization, but must obtain colleague’s trust and approval. This kind of Forex market which has no trading field is known as "consist of market but no trading field". Each day, the trading volume in the global Forex market involves billions of U.S dollars, the so huge large amount fund, is being control under both the non-centralism place and non central governance system, plus it is settle based on non-government governance.
2nd, Circulation work
Due to the different geographical position of the various financial centre, the Asian market, the European market, the Americas market because of the time difference relations, it has become an entire day 24 hour continued operation whole world foreign exchange market.
Early morning 0830 (New York time) New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong, Singapore open, before dawn 1430 Frankfurt opens, 1530 o'clock London market opens. So 24 hours uninterrupted movements, the foreign exchange market becomes a day and night market, only on Saturday, Sunday as well as the various countries' significant holiday, the foreign exchange market only then can close.
This kind of continued operation, provided no time and spatial barrier ideal outlet for investors, the Forex trader may seek the best opportunity to carry on the transaction. For instance, Forex trader buys up the Japanese Yen in the morning at the New York market, in the evening Hong Kong market opens the Japanese Yen rises, the Forex trader sells in the Hong Kong market, no matter Forex trader in where, he all may participate in any market, any time business. Therefore, the foreign exchange market may say is does not have the time and the spatial barrier market.
3rd, Zero and Game
In the stock market, the rise or the drop of stock market could influence the value of the stock whether to rise or drop, for example the Japanese new date iron stock price falls from 800 Japanese Yen to 400 Japanese Yen, the value of this stock has been reduced to half. However, in the foreign exchange market, the value of a stock and a currency is being calculated differently, this is because the exchange rate is refers to the exchange ratio both countries currency, the exchange rate change will influence one kind of monetary value to reduce and at the same time another kind of monetary value increase. For instance in 22 years ago, 1 US dollar exchanges 360 Japanese Yen, at present, 1 US dollar exchanges 110 Japanese Yen, this explains the Japanese Yen currency value rise, but US dollar currency value drops, in the end the value will not reduce or increase. Therefore, some people described the foreign currency trading is "zero and the game", exactly said is the wealth shift.
In recent years, investment foreign exchange market fund has continuously increased, the exchange rate fluctuation expands day by day, urges the wealth shift to be larger, the daily trading volume of the global foreign exchange involves 150 billion US dollars, the rise or falls 1%, means that the 150 billion funds has been shifted. Although the foreign exchange rate change is very big, but, any kind of currency will not become waste paper, even if some kind of currency unceasingly falls, however, but generally it represents certain value, only if such currency has been abolished.
Forex market bounces back, nears $4 Trillion in daily trade
Posted by salman tabiSH at 10:14 AM 0 comments
As reported by the Wall Street Journal, the main drivers behind the currency market's trading rebound are worries over the euro zone's sovereign-debt crisis and concern over the pace of the global economic recovery. These two things keep volatility high. This proves that the Forex market remains busy and lucrative despite economic woes around the world.
Currency trading in the London grew by 15% within the first few months of 2010 with a daily turnover of $1.75 trillion in April. Estimates from trading hubs of New York, Tokyo, Toronto and Sydney along with that of London averaged to $4.1. Financial analysts say that currency volumes increased due to "investors and companies move their exposure from the advanced economies of Europe and the U.S. toward Asia and emerging markets".
In the U.S., daily volume rose to $754 billion in April, up 11.8 percent from October 2009 and 43.1 percent from April 2009. While trading volume in Tokyo rose 15.8 percent in the year to April driven largely by increased margin trading.
Australian trade volume also expanded dramatically with a whopping 54% in April from a year earlier. The foreign exchange market is one of the country's principal source of income for the Australian government. The Australian Dollar or AUD is the fifth most traded currency in the Forex market in line with the USD, EUR, JPY and GBP.
Wednesday, July 28, 2010
Forex Markets Wrestle With Fair Value
Posted by salman tabiSH at 6:36 AM 0 comments
More on Currencies
Dollar Softer; Sentiment Still PositiveHandling Summer Forex Trading PatternsIsrael Hikes Unexpectedly, India Also Seen Hiking This WeekForex Movers
The Australian dollar maintains the bullish outlook that has supported the pair since the break of the 200-day simple moving average at 0.8950; only looking to buy the dips here. The Canadian dollar looks strong against the U.S. dollar and once the 100-day SMA at 1.0290 is closed under on a daily chart the automated orders may test 1.0200; only looking to sell resistance.
The yen lost ground to the U.S. dollar with a solid break of 87.10 that could be the start of a move higher towards 90.30; only looking long on dollar/yen in the mid-term.
Forex Shakers
The Swiss franc trade absorbed what looked like institutional intervention that reversed dollar/Swiss franc off 1.0450 support. Not looking to trade swissy, just looking for guidance from the pair as to overall market sentiment. The pound and euro are stuck at resistance with the path of least resistance being lower unless volume and speculative interest increase soon.
Global Risk and Demand
S&P trade is trading above the 200-day SMA area at 1105, and will signal a positive stance if 1110 is held above on a weekly chart close. Crude oil traders are holding support on WTI at 78, with a weekly close anywhere above 77 signaling a bullish undertone for global demand markets.
Foreign Exchange Market Commentary
Posted by salman tabiSH at 6:35 AM 0 comments
[VIDEO] Risk Taking Returning to Forex Market
Posted by salman tabiSH at 6:33 AM 0 comments
USD/JPY Forex Market Moving News by AceTrader
Posted by salman tabiSH at 6:31 AM 0 comments
Forex Market Review by Finexo.com
Posted by salman tabiSH at 6:26 AM 0 comments
Up ahead today, U.S fundamentals will again play an important role in the direction of the major currency pairs. US Durable Goods Orders are expected to provide evidence in support of the current recovery trend. Last month, the Core manufacturing figure rose by 1.6%; this time around, analysts expected a slightly smaller increase of 0.6%, which highlights the recent weakness in consumer confidence, and could potentially lead to more risk aversion.
Meanwhile, the Australian Dollar fell by the most in more than a week as a report showed consumer prices increased at a slower than predicted pace, increasing speculations that the central bank will hold interest rates unchanged in August. Also up ahead today, the New Zealand Rate central bank rate statement. Last time, the RBNZ increased the key interest rate by 0.25bps to 2.75%. This time around, another rise to 3% is expected.
Trade Forex and CFDs with a FREE practice account
Posted by salman tabiSH at 3:53 AM 0 comments
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A Detailed Overview of Forex Market
Posted by salman tabiSH at 3:46 AM 0 comments
Structure
Decentralised, over-the-counter market, also known as the 'interbank' market
Main participants: Central Banks, commercial and investment banks, hedge funds, pension funds, corporations & private speculators
The free-floating currency system began in 1973, and was officially mandated in 1978
Online trading began in the mid to late 1990's
Friday, July 23, 2010
Foreign Exchange Dealer
Posted by salman tabiSH at 9:31 AM 0 comments
Forex Brokers Directory
Posted by salman tabiSH at 9:30 AM 0 comments
Using a Forex platform
Posted by salman tabiSH at 9:30 AM 0 comments
What is a spread?
Posted by salman tabiSH at 9:29 AM 0 comments
Test your broker before you choose
Posted by salman tabiSH at 9:29 AM 0 comments
Licensing of Forex brokers
Posted by salman tabiSH at 9:28 AM 0 comments
Forex Daytrading
Posted by salman tabiSH at 9:28 AM 0 comments
What qualifications should a Forex instructor have?
Posted by salman tabiSH at 9:27 AM 0 comments
What are your broker’s spread policies?
Posted by salman tabiSH at 9:27 AM 0 comments
How to choose the right Forex seminar or training class
Posted by salman tabiSH at 9:26 AM 0 comments
Forex Brokers Directory
Posted by salman tabiSH at 9:26 AM 0 comments
How Automation may Help Your Foreign Exchange Trading Easier
Posted by salman tabiSH at 9:25 AM 0 comments
FOREX LUGER Forex Robot Review
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The importance of not Overtrading
Posted by salman tabiSH at 9:24 AM 0 comments
Forex Trading
Posted by salman tabiSH at 9:24 AM 0 comments
A Detailed Overview of Forex Market
Posted by salman tabiSH at 9:22 AM 0 comments
How To Utilize Your Broker Automated Forex Trading System
Posted by salman tabiSH at 7:56 AM 0 comments
It may seem that building automated forex trading system is a privilege of a team of free traders and software engineers, but it turns out that there are others who have been building their own automated system as well. Today, many online forex brokers also provide their own automated forex trading system; obviously, this is a huge plus in their service and usually it is provided as free feature after you have opened an account there. But is it worth to try this feature?
First, you must know that there is fundamental difference between both of them that will greatly affect their performance: the trading strategies behind them. If you’re going to use your broker free automated trading system, you will have to create your own trading strategies; these are some common options that your broker will offer:
1. Select one or more from a list of strategies; your selected strategies will be used to manage your account.
2. Design your own strategies based on various parameters like technical indicators, price levels, moving average crossovers, and market situations. Read further about strategy at different strategies in forex trading. Some brokers also offer more advanced features that allow you to design complicated strategies that employ many instruments and several time intervals. Later, you can also back-test your strategies to see how it performs against past data.
By letting you choose or develop your personal system, the broker does not have to take responsibility if the system fails; you will take full responsibility of your own system .Some brokers also allow you to choose between fully automated and half-automated (keep you involved by send you confirmation for every trade). The first choice is identical to how a forex robot works and the second choice is widely known as “currency trading signals”.
However, you will not have the “design your personal system” option if you’re using third party automated forex trading system. Both forex robot and trading signal service have certain trading system behind them that created by their developer. Depend on the trading system, it can be a profitable tool or pure garbage.
Over the years, there are many traders that have their account grow by utilizing automated trading system that works. However, there are also a lot of traders who lose their money for using software with “trash” trading system guiding it, so make your choice carefully.
So, is it worth to use a broker’s automated forex trading system? I’d say if you already a successful manual trader with trading system that works, you can try to implement your knowledge into a set of rules and have it run by its own. It may works or not; nevertheless, pouring your skills and experiences into a software is not easy as it may seems, especially if you’re do it on your own.
Nonetheless, if you still struggling on finding your own profitable trading system, it is advisable to stay with built-in trading system that offered by 3rd party group or company. Find the details of the most recommended automated trading system at a review of FAP Turbo.
Should You Try Your Luck At Forex Trading
Posted by salman tabiSH at 7:54 AM 0 comments
After Forex has gone online, it has drawn millions of people. Some of them learned to make millions by trading online. In fact, Forex trading like gambling may become an addiction to some, and be left as a hobby to others. Yet, unlike with gambling, you have to work really hard on becoming successful at Forex. Rule # 1 of successful Forex traders is the knowledge and understanding of the system.
If you consider the possibility to go and trade online, you should definitely start searching for some Forex demo accounts, tutorials, courses or even education. Education is the key to success in Forex market. Most sites that offer online Forex brokerage offer free demo accounts so you can use one to get some understanding and knowledge of Forex trading. These accounts usually give the first glimpse into the system and already tell the future trader whether it is success that awaits for him or her, or failure.
As with any volatile speculative market, Forex trading is really risky. However, the reward that the trader gets in the end is worth trying. Forex market is not like the stock one though some similarities may be found. There are real world events that are influenced by many factors, economic, political, and environmental. Because the factors are rather diverse, training allows interpreting the economic situation to your advantage. The beginners are usually recommended to start with small amounts of money for investment. The leverage is high, and investment of only few dollars will bring an increase of up to thousand one if you use your powers to the advantage. You may choose whether to use the service of the Forex broker or not, but before you make a decision it is better to find out more about Forex brokers.
The money is made with Forex when the currency is bought at a low price and sold at a greater. The currencies are traded in pairs; and therefore, when you sell one currency, you simultaneously buy another one. As the market is ever-changing, you have to be always aware of what causes the changes and react quickly. Using the knowledge you have gained at the seminars and tutorials you can easily make profit. In addition, the market is open 24 hours a day five days a week which offers great flexibility to those who trade. You can choose the best time to trade with whatever currency and trader you choose. You can also make a choice as whether to trade full-time or part-time. To help the traders, Forex offers special signals that tell the trader when it is the best time to trade. You can use any of these advantages to make good profit and be successful.
Those who are searching for productive forex software – please make sure to read the review of this forex software, before purchasing any.
It is a must to read reviews before purchasing any forex day trading software.
Advantages Of Online Forex Trading
Posted by salman tabiSH at 7:53 AM 0 comments
A foreign currency exchange naturally acquires no fee or transaction charge in addition to the quoted spread. This is in great difference to the equity market, where fees for stock trades choice from 8 to 70 USD or yet higher, as well as the quoted spread.
Profit possible in spite of forex market direction:
An investor with an open position is by meaning long one currency and shorts one more. If a trader trusts a foreign currency is about to decrease in value, he or she sells that currency short and goes long a new currency. In the foreign exchange market, selling or shorting is an essential part of carrying out a foreign trade. Profit possible survivals in the Forex market in spite of whether a trader is buying or selling and in spite of whether the market is going up or down. In the US equity markets, short-selling is fewer general and harder to carry out because of dissimilar regulations and market rules. This creates it harder to create a profit.
No limits in foreign currency exchange:
No limits are relevant to the foreign exchange and there are extremely small account balances. This denotes that traders can take pleasure in profit chances in all market situations.
A foreign exchange rate is the comparative value among two currencies. More especially it is the needed amount of one currency to buy or sell one unit of one more currency. This is as well named a pairing; Euro to dollar at 1.3250 denotes that one Euro can be exchanged for 1.3250 US dollars.
Online Forex Trading – The Basics
Posted by salman tabiSH at 7:52 AM 0 comments
Forex trading has become extremely popular the world over and has people from all different countries and backgrounds trading like only the professional traders could do just a short time ago. Until recently Forex trading was performed mostly by major banks and large institutional traders. The technological advancements that have occurred of late have transformed Forex into the playground of average traders like you and me.
It’s easy to find an online FX trading system, platform or software that can make it easy and fun to trade the market. Simply browse the web and you will be inundated with many exciting offers and promotions. There are many firms that sell or even give away free training software, charts or other useful tools for your future in Forex trading.
Foreign currency trading is done in pairs or combinations. For example, trading the Dollar versus Yen, the Euro vs. the Dollar or the British Pound against the dollar. The most popular currencies that are used for trading and investment purposes are the United States Dollar (USD), Japanese Yen, British Pound, Euro and Swiss Franc. The make up the major portion of all currency trading.
When you come across these currencies in the market you will see them written as a pair: USD/JPY (U S Dollar and Japanese Yen), EUR/USD (Euro and U S Dollar), USD/CHF (U S Dollar and Swiss Franc) and GBP/USD (British Pound and U S Dollar).
The vast majority of all day trades of foreign currency involve these five major currencies. Your goal as a trader is to pick out which currency will appreciate against another. If you can find or develop a system that will allow you to choose the correct direction a currency will be taking it is possible to make good profits in the FX market.
Most trades on the FX market are done by Forex brokers and dealers at major banking institutions across the globe. And since it is a world wide market that makes it a 24 hour a day market. The brokers or dealers work in different shifts so that major institutional traders can perform their trades 24 hours a day around the clock.
However, don’t be alarmed. You do not have to be awake all day and all night to trade the market. It is a simple matter of placing stop orders with brokers to buy or sell at pre-determined price levels even while you are sleeping. If your pre-specified price points are met the order will go through as planned. If your price points are not met the orders will not be placed or carried out. This is the key to stopping potentially big losses. You’d hate to be asleep when the market turned against you without a way to get out. Having specified price levels can save you a lot of stress in the market place. With stop orders you don’t have to constantly follow your currencies every second of the day. You can place your orders and then go about your normal daily routine.
The FX is unlike stock exchanges in that stock exchanges can be very volatile. The FX market is ordinarily a great deal smoother and doesn’t gyrate up and down as quickly or rapidly. The market is actually very easy to trade and is very liquid, meaning you can get your money in or out at any time. Placing an order can be done in a matter of seconds. If you have the temperament for this type of activity it can be a very worthwhile endeavor.
Get Rich Forex Trading Online Forex From Home!
Posted by salman tabiSH at 7:51 AM 0 comments
Can you really get rich trading Forex? The answer is yes – anyone has the potential but not everyone does but the good news is anyone can make a great second income and maybe you will have what it takes to become one of the super traders. If you understand the points in this article, you can enjoy Forex trading success.
95% of traders lose money do they lose because they don’t have the potential to win? No they lose because they get the wrong education and another key factor they neglect is the importance of mindset. Let’s look at these points in more detail.
Forex trading is a specifically learned skill and that’s a fact. You don’t need to be a nerd or have a college degree, anyone can learn to win and this was proved by trading legend Richard Dennis.
To prove that anyone could learn with the right education, he taught a group of people who had never traded before to trade. His pupils ranged from a security guard to a lady clerk and he taught them in just two weeks, they then went on to make millions in real profits. So how did they do it?
They had a good mentor of course but the system Dennis taught was simple. It was a long term trend following system based on breakout trading which is a timeless way to make money. What most traders don’t understand though is – simple systems work better than complex ones because they have fewer elements to break, in the face of brutal market conditions and anyone can learn a simple system.
So if anyone can learn a simple system and win why do so many traders lose?
Dennis knew the answer and it’s you can have a system which can make money but you need to apply it with discipline to make money and he therefore focused on making sure they had total confidence in it and could follow it with discipline. Its a fact, that most traders lose because they can’t keep their emotions out of their trading but when discipline breaks down, you will lose.
95% of traders lost 25 years ago and still lose today and the reason is simple – despite all the advances we have seen in technology and forecasting, traders will always lack discipline, its in their nature.
So how do you learn to trade with discipline?
You of course need confidence in what your doing but you must also have the mindset to take your losses and keep them small. Taking losses is not a failing, the market will give them to you but if you take them cheerfully, the market will reward you with some great trends and you can trade them to cover your losses and give you a great overall gain and second income.
If you want to trade Forex successfully, get a simple method and then choose to trade with discipline and you can enjoy currency trading success, it really is that simple.
Which Types Of Forex Trade Analysis Will Always Make Money For You?
Posted by salman tabiSH at 7:48 AM 0 comments
I don’t want to bother you with too many technical jargons as to what forex is all about. Just take it that forex is an online foreign exchange where one country currency is exchange for another. The whole process of doing this forex results in business where forex trader make money while doing the business of exchange, unlike offline foreign exchange where it is possible for a currency exchanger to determine how much he will buy and sell at a given point in time, online forex is subject to powerful market fluctuations.
Therefore, for forex trader to make money in the online forex market he must understand the basic know how of trading or market analysis to be able to make entry or exit. Appropriate understanding of when to buy and sell based on the market analysis will go a long way to determine the success of a forex trader. To this extent, there are two types of trading based on the analysis you can make when approaching market. These are fundamental Analysis and Technical Analysis
I shall endeavor to explain these later but before I explain these two terms I need to let you know that there is a serious debate as to which one is the best type of trading, some believe that fundamental analysis is the best while other believe it is Technical analysis. My submission however, is that for you to make it big in the forex market. You need to know a little bit of both analyses to be able to capture big pips – pardon me for that terminology – in the forex market.
Having said this, what then is Fundamental analysis and Technical analysis? Fundamental analysis is a way of looking at the market through economic social and political happenings in a country which affect demand and supply conditions. What this simply means is that how economy is doing will determine the strengths of their currency. If a country economy is strong or is doing well, there is a presumption that such country currency will be strong and therefore, the best deal in the forex market will be to buy that currency and vise versa.
Technical Analysis on the other hand makes use of charts which are based on the study of price movement. The underlying principle behinds technical analysis is that an individual will look at the historical price movement and base on this predict the future price behavior of currency in the forex market it is believed that the price movement forms trends and patterns which are highly predictable.
In a nutshell, Forex trading is not the same things as gambling, for you to therefore, succeed in forex market, you need to understand both technical and fundamental analysis and be able to apply them to your live trading. If you truly want to make it in forex market, you don’t need to gamble and if you need to gamble please don’t hesitate to go to casino. Remember that too much of everything is bad. Excessive dependence on any of the two analysis is bad. Make sure you learn how to balance the use of the two types of trade analysis and I assure you that by so doing you shall really get the most out of your trading.
Thursday, July 22, 2010
Currency Rates Per 1.00 US Dollar
Posted by salman tabiSH at 8:02 PM 0 comments