Best blog where you can make more profit through forex trading
www.forex.com
Friday, September 18, 2009
The Long Haul is all about a Plan
In making trading into a forex trader, the learning process is the most important. If you try and predict you will lose and lose quickly, however if you want to win you can but you must: Treat trading as an odds game. - Why the most important part of... read more... www.forex.com
Understanding Money Market Accounts and Money Market Funds
- In today's financial world, understanding the myriad of ways to protect and grow your wealth is very important. Let's take a look at some instruments which is great for protecting money you already have. Savings is an excellent way to let your current money be reinvested in small businesses that grow the economy. For those who have substantial cash that they would like to protect, Money Market Accounts can be a great type of savings account to put your money to work for the economy. Also, for the more advanced investor who can handle more risk, a Money Market Fund is an excellent way to invest your money short term through a brokerage firm. Both of these instruments will usually generate a much higher yield than a vanilla savings account, however allow you access to your money through a much shorter window than many other investment types. For those wealth protectors who would like to see their money grow without having to face steep penalties for using it down the road, these classes of investment serve as great options to meet your needs of flexibility, great returns, and security.
Chinese Stock Market and Stock Exchange Informational Resource
The Chinese Stock Market is a mystery to many Americans. American's need to really find out how this economic system works since their economic system is closely allied to ours in many ways. The Chinese stock market actually consists of three separate stock exchanges, probably the best known and the largest is the Shanghai exchange, there is also the Shenzen exchange and the Hong Kong Exchange. All of them fill a vital function in the Chinese economy and the economy of the world.
The Shanghai exchange is not entirely open to foreign investors. It is open to all Chinese investors. The Shanghai Stock Exchange is the largest in the world with a combined total exchange rate of 3.7 trillion dollars. There are some foreign investors in this market as well as Chinese. It is a well used market with over 860 separate companies. It is the largest of the three Chinese stock exchanges. It is the sixth largest market in the world.The Shanghai stock exchange began after the treaty of Nanking and the settlement of the Opium war which made the market open to investors. The market was open to investors sometime during the 1860's and had it's first trade in 1866. In 1891 the market got more prominence with mining shares. In 1904 it got it's final name as the Shanghai Stock Exchange. By the 1930's the Shanghai exchange reached it's full prominence. It was the financial capital of the far east.
How to Steer Clear of Forex Trading Scams
Forex trading has increased manifolds over the years. Forex is being considered as the new investment opportunity option by most who are into buying shares and securities. As a result of this, number of investors across the world has gone up and so have Forex traders. And obvious fallout of this is ? beginning of Forex Scams. There are many Forex Trading Systems and Forex Traders who could help you get rich over a period of time by way of making wise investments and taking chances with calculated risks. A good forex trading system will help you build wealth day after day where-as if a forex scamster succeeds in tempting you, you could be duped of thousands overnight. And I am not exaggerating when I say this. There are hundreds of stories doing rounds everyday where one is duped of his/her life-time savings by a Forex Scamster.The information in this article provides you with some practical tips to help you recognize some of the forex scams that are out there today.While we all want to multiply our savings by investing in Forex, we should also be aware about how to steer clear of scams. How to tell if whether what Forex traders advertise is legitimate or not? The CFTC (Commodity Futures Trading Commission) comes into picture to rescue costumers here. CFTC protects market users and the public from manipulation, fraud and criminal practices in the financial market whether it is Forex, equity shares, or futures and options.CFTC urges consumers to be watchful when foreign currency traders or its promoters claim that their team of experts will earn them high profits with minimal risks.Get all your doubts cleared before stepping into Forex Market Exchange at any level. Same goes for purchasing the forex systems. Talk to people who are users of the system and take a genuine feedback from them before placing your order. There are some fraud manufacturers who specifically target unsuspicious individual from a particular area by offering special considerations to them. You should learn to read such people and try and steer clear of them.Also steer clear of any forex trading involving Inter-bank Market because it is not considered very secure as it deals with currency transactions over a relatively loose network. The inter-bank market is the top-level Forex market where banks are exchanging different currencies. Its also time to press the panic button when the concerned persons or companies claiming to be expert forex traders with robust records trying to push or tempt you into transferring funds to them at a short notice in a hush-hush. Also you should try to avoid unsolicited telephone calls in which forex trading companies or forex traders claim they can provide you with best forex trading signals available etc. if you take an extra step and understand more about futures trading it can help you stay alert in the Forex market.
Dynamite TNT Forex Trading System from Singapore index
A group of attentive students listening and learning the Dynamite TNT Forex Trading System developed and taught by Clarence Chee
7 Tips for Successful Forex Trading64
1. Real trading is built on knowledge, not luck
Trading without knowledge or on "hunches" is gambling, plain and simple. Gamble on the horses, not with your forex account.
2. Use a demo account to practice trading before using real money
To do this, use your broker's "demo account" facilities. With a demo account you can trade as if it were real, making and losing money just as in the real forex world. No money actually enters into the picture, which means you can make all the mistakes you need to in order to learn. My advice to newbies: trade on a demo account for at least three months before you go live with real money. Not only that, but analyze your demo wins and losses carefully, learn from your mistakes so that you won't repeat them with real cash.
3. Trade in the time frame that suits your temperament and experience level
Short time frames like 15 minutes makes for a lot of excitement and many traders love that. But that's not for everybody, and particularly novice forex traders are well advised to look at longer time frames that provide more opportunity for analysis before making trading decisions.
4. Go with the trend, especially when you are just starting out
With experience, you might want to experiment by bucking the trend, and you might be successful. But beware, this way of trading is for the experienced, and not for the fainthearted even then. Learn more about trends here.
5. Study the charts of periods longer than your chosen trading time frame
This gives you a bigger picture and gives you a better chance to see and accurately identify trends. For example, if you are trading in an hourly time frame, you want to look at daily and weekly price movements for a more realistic picture. The forex market is subject to occasional blips that can trip you up if you're not ready for them. Watching how things are unfolding in longer time frames will help you see these glitches coming and take appropriate action.
6. Manage your money conservatively
In forex trading, that means never risking more than a small percentage of your total trading account, such as 2-3%. Understand that you WILL lose on many trades, that's just the nature of forex trading. Each time you lose, you need to make twice that much on the next trade just to stay even! Keep your risk low so that a few losses in a row won't wipe out your account.
7. Get your emotions out of the picture
Many new forex traders, and even more experienced ones, have been wiped out because they let their emotions influence their trades. Make your trades based on analysis, both technical and fundamental, not on panic or elation. Never trade on a hunch (see tip #1).
While it can be exciting, the forex market can be a scary place. I recommend ongoing education in all aspects for as long as you are trading forex. One great place to start is with this free 7-part mini-coursehttp:/ /hubpages.com/hub/7-Tips-for-Successful-Forex-Trading
Forex Trading Blog 1 Publisher's description
Forex Trading Toolbar for Internet Explorer. This toolbar is good for people seeking to trade the currency markets. It's so easy to find solutions with this tool. If you have ever wanted to get trading the financial marketing internationally then this is the best toolbar to keep track of all the resources. While this can seem tricky, the faves and rss feeds in this toolbar can help you get started on the right foot. Now you won't have to wonder if you are using the right software to trade. It will really be a cinch for you to do the right thing. Get your lawsuit financing at the the lowest rates possiblehttp://www.download3k.com/Internet/Browser-Tools/Download-Forex-Trading-Blog.html
FOREX TRADING SYSTEM MT4 Indicator-Forex Profit Monster
Shipping:
FREE shipping Other (see description)See more services See discounts See all details
Estimated delivery time varies for this shipping service. Seller ships within 1 day
Coverage:
Pay with and your full purchase price is covered See terms
ICM
Why sign up for a Practice Account?
Trade Forex, indices, gold and crude oil
Test your trading strategies in real time
$50,000 of free practice money
Live trading prices in all products
2 pip spreads and 400:1 leverage
Free charting and analysis
BONZION'S FOREX TRADING TEST-DRIVE! $9,567 in four days
have always talked about a revolutionary forecasting strategy on this platform, yet many brushed it aside. Now I have decided to post daily trades in ONLINE Forex platforms on this site. Watch my performance against one of the toughest yet most lucrative markets in the world. Below is a picture on my account after yesterday's trading. I only trade 1 hr per day. http://discussions.ghanaweb.com/viewtopic.php?t=79572
U.S. Dollar: U.S. Employment Picture Remains Shaky Ahead Of Non-Farm Payrolls Release
With the markets in a relative standstill for most of the day, the ADP employment report at least helped to keep currencies slightly higher against the US dollar into the New York close. According to the morning’s labor market report, US employment continues to remain weaker than expected.
For the month of August payrolls were cut by a pessimistic 298,000 jobs. The figure fell below market estimates, which were set at 250,000 for the month. As a result, even as it seems that the economy may be on the rebound, company executives continue to reduce costs in order to boost profitability in the third quarter.
The decline has more implications when taking into account the fact that little more than two thirds of overall US economic growth is dependant on consumer spending habits. With unemployment continuing its rise, fears are now surfacing that spenders may be a dying breed, crimping what recovery the world’s largest economy has experienced in the last three months.
Taking a look ahead, today’s results will continue to weigh on the greenback ahead of Friday’s release of the non-farm payrolls report. Expected to show a slightly lesser decline in payroll cuts for the month, the government release is still expected to show a rather soft employment outlook. Ultimately, these results will help feed further economic growth concerns as it is more than evident that other economies are bouncing back faster than the US.
Fed Extension Consideration
Not surprisingly, it was released today in the Federal Reserve meeting minutes that policy makers had toyed with the idea of an extension to the purchase of mortgage backed securities program.
The idea surfaced as central bankers continue to fret over the current market situation, which continues to remain “vulnerable to adverse shocks”, while attempting to find an appropriate exit strategy. This statement is particularly worrisome as policy makers continue to reign in some public hopes that a sharp recovery may be forming.
Notably, according to today’s release of the meeting minutes, the Fed sees the pace of growth in the second half of the year to slow slightly compared to a more brisk pace which was anticipated earlier. Additionally, depressed labor markets continue to plague the U.S. economy, convincing some that an exit strategy would be nothing short of premature.
Traders will now more than likely keep bets for a rate hike at a minimum following today’s release, as futures show low probabilities of the event. Subsequently, the sentiment will likely keep bids high for other currencies, particularly the Euro and Australian dollar.
Both currencies have higher yield advantage over the greenback and are currently avoiding economic difficulties similar to the British economy.http://www.onlineforextrading.com/blog/author/jeffrey-blackman/
Forex curency chart
EUR/USD
. Dollar weakness drives EUR/USD higher. US recovery and strong influx of foreign demand will send EUR/USD lower USD/JPY
. Japanese government intervention to weaken their currency sends USD/JPY higher . Gains in Nikkei and demand for Japanese assets drive USD/JPY down GBP/USD
. High yield and attractive growth in the UK drives GBP/USD higher . Speculation about UK adopting the euro will send the GBP/USD lower USD/CHF
. Global stability and global recovery will send USD/CHF higher . USD/CHF rallies on geopolitical instability EUR/CHF
. Swiss government uses verbal intervention to weaken the franc, sending EUR/CHF higher . If inflation took off in Germany and France it could drive EUR/CHF lower AUD/USD
. Rising commodity prices sends AUD/USD higher . Drought hurts Australian economy and AUD/USD USD/CAD
. Canadian economic underperformance against US sends USD/CAD higher . Higher interest rates and rebounding labor market in Canada will help to drive USD/CAD lower NZD/USD
. Increased tourism and migration into New Zealand drives the NZD/USD higher . Weakness in the Australian dollar sends the NZD/USD lower EUR/GBP
. Speculation about UK adopting the euro will send the EUR/GBP higher . Faster UK growth over Eurozone growth will drive EUR/GBP lower EUR/JPY
. Fears of Japanese banking crisis will send EUR/JPY higher . Eurozone recession will drive EUR/JPY lower GBP/JPY
. Interest rate hikes by the Bank of England will send GBP/JPY higher . Strong demand for Japanese assets will drive GBP/JPY lower CHF/JPY
. Middle East conflict and volatility in oil prices will drive CHF/JPY higher. Geopolitical stability will send CHF/JPY lower GBP/CHF
. Interest rate hikes by the Bank of England will send GBP/CHF higher. Speculation about UK adopting the euro will send the GBP/CHF lower EUR/AUD
. Recessionary conditions in Australia would send EUR/AUD higher . Rising commodity prices would boost EUR/AUD lower EUR/CAD
. German economic rebound and Canadian weakness will send EUR/CAD higher . Canadian economic strength and German weakness will send EUR/CAD lower AUD/CAD
. Rate hikes by the Reserve Bank of Australia will drive AUD/CAD higher . Droughts hurt Australia's domestic economy and will send AUD/CAD lower AUD/JPY
. Japanese investment in Australia will drive AUD/JPY higher . Falling commodity prices hurt Australia's economy, sending AUD/JPY lower NZD/JPY
. External shocks to Asian tourism such as SARS and North Korea risks will send NZD/JPY higher . Decline in immigration will hurt New Zealand's growth prospects and send NZD/JPY lower CAD/JPY
. Pessimism towards the Japanese economy will drive CAD/JPY higher . Concern about decreased US demand for Canadian exports will send CAD/JPY lower
Currencies are quoted in pairs. The first listed currency is known as the base currency, while the second is called the counter or quote currency.
Base Currency is the currency in which an investor or issuer maintains its book of accounts. In the FX markets, the US Dollar is normally considered the 'base' currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.
Bid - An expression indicating a desire to buy a commodity at a given price; the opposite of Offer.
Ask - Also called Offer. Indicates a willingness to sell a futures contract at a given price.
There are 3 main types of charts in forex. They are the line chart, bar chart, and candlestick chart.
The line chart is constructed by connecting daily closing prices.
The bar chart is a depiction of the price performance of a currency pair, made up of vertical bars at set intraday time intervals (e.g. every 30 minutes). Each bar has 4 'hooks', representing the opening, closing, high and low (OCHL) exchange rates for the time interval.
The candlestick chart is a variant of the bar chart, except that the candlestick chart depicts OCHL prices as 'candlesticks' with a wick at each end. When the opening rate is higher than the closing rate the candlestick is black (sometimes - red). When the closing rate exceeds the opening rate, the candlestick is white (sometimes - green).
Technical indicators (for example, RSI, MACD, Bollinger bands, Stochastic) help to analyse the price movements, expressed in forex charts.
The Relative Strength Index (RSI) is a popular oscillator. The name Relative Strength Index is slightly misleading, as the RSI does not compare the relative strength of two securities, but rather the internal strength of a single security. A more appropriate name might be Internal Strength Index. Relative strength charts that compare two market indices, which are often referred to as Comparative Relative Strength.
Indicator of Bollinger borders (BOL) is represented by two lines, which are built on the distance equal to certain amount of standard deviations. Since the value of standard deviation depends on volatilessness of the price, the lines controls their width automatically. The width increasing when the market is more vilatile and decreasing when the market is less volatile.
MACD - is the most famous indicator, which is built on the basis of difference of the average values. This indicator was suggested by Jerald H. Appler as the difference between two exponentially smoothed averages (EMA).
MACD is the most effective under conditions when the market swings with high amplitude in trading. The most frequently used signals of MACD are intersections, overbuying/overselling states and divergences.
The Stochastic Oscillator (STO) shows the moments, when the price reaches the border of its trade diapason within predefined period of time (this is an indicator of speed of changing or the Impulse of Price). It contains of 2 curves: the fast (%K) and the slow (%D).
http://www.forexrealm.com/forex-charts/
Forex Currency Trading
- Currency trading on the Forex spot market always involves trading a currency pair. When you open a position, you purchase one of the currencies in the currency pair and pay for it with the other. So you actually need one currency to be able to purchase the other one. Closing a position is nothing more than reversing the process. If the currency pair's exchange rate has changed between open en closing a position, you made a gain or a loss, depending on how the exchange rate change has developed. It's important to realize that you're not really shorting the market - at least not like you could with equity and futures. For every short position, there exists a corresponding long position in the other currency. Only if exchange rates change, you stand a chance of making money.
Market size and liquidity
Presently, the foreign exchange market is one of the largest and most liquid financial markets in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. [2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%.[4] In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.
Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India—[1]; [2]) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.
FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).http://en.wikipedia.org/wiki/Foreign_exchange_market
Forex Trading: GBP/USD Intraday Picture At Crossroad
GBP/USD broke through the intraday support at the 1.5244 level and moved to a low of 1.5210. The 1.5210 level represents the 50% midpoint of the days range. The pair has moved back to test the break level.So the pair is at a crossroad again on an intraday trading basis. Does it break back above the 1.5244-56 level and continue the move higher, or will the midpoint be tested again?
http://www.dailymarkets.com/stock-trading/
Subscribe to:
Posts (Atom)