WORLD FOREX INFORMATION

Written by admin on March 19, 2008 – 7:09 am -


Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing.


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Written by Britt Maras on March 16, 2009 – 6:59 pm -


The EUR/USD forecast faces critical support at 1.2918-39 level for a buy entry. If the pair does not fall that low BUT breaks 1.3004 before testing the critical support; FX Traders can buy at 1.3015. If 1.3017/23 rejects, my stop at 1.2977 to 1.2991 could be suspect. If 1.2964-77 holds support and 1.3007 again gets busted north – traders might reenter.

I prefer to see the low-to-mid 1.2930 level to be tested to enter this long position. But as stated above, should the level not be tested, traders may enter at 1.3009 again. Currently the uptrend is in a consolidation pattern with a bullish tone. No need to get excited — but will play the listed levels.

Targets are 1.3093 and 1.3131-71 and 1.3287. Any straight burst of 3200 targets 1.3327. I will be issuing a PMTP Alert that should be good for about 4am tomorrow morning. This means we have a good deal of ranging noise for the next several hours.

Currently the US Dollar Index is mixed with a good hint of hidden bearish divergence to force it lower. Both the GBP and EUR are facing a major decision within the Dollar Index. This Index needs to make a move in order for any bearish Dollar trend to develop. Stay tuned.

Britt Maras

Senior Currency Strategist

Written by Derek Frey on July 8, 2009 – 8:37 am -


This week we have a light report schedule and that is likely to cause the forex market to stagger around. We remain Dollar bulls as it continues to pay off. Stocks continue to pivot around the 900 level on the S&P but downside risk outweighs upside opportunity at this time. Look for dips in Dollars to buy into.

EUR/USD:
Sells taken in the 1.40’s to 1.41’s should be solid entry points as discussed last week. Look for breaks towards the 1.38 level to take profits or at least lock in gains. We could see a much deeper correction but for now we will just look very near term. Same comments as last week as it still applies.

GBP/USD:
The cable remains resilient but offering great opportunities on both sides. We are predominately looking for rallies near 1.63 to sell into this week. We are still looking for this pair to fall back below 1.60 before month end.

USD/CHF:
This pair remains a buy close to the 1.08 level. This pair could see a move back into the low teens before this rally stalls. Same comments as the last few weeks and they still stand. They have paid off nicely the last few weeks and we see similar movements in the weeks ahead.

USD/JPY:
This pair continues to hang around the 95 handle the same way the S&P 500 hangs around 900…coincidence??? I think not. For now we will be patient but still overall looking for major rallies to sell into longer term.

AUD/USD:
We are seeing the .8000 level retested and will again look to sell above it. This is a larger play on a commodities slow down as the global recovery continues to be muted to slow at best.

USD/CAD:
When oil was at 72 I mentioned here we would see 55 before we saw 75. Most of you said I was crazy but now back under 65 all of a sudden a get a number of emails agreeing with me…lol. I continue to expect oil to fall back towards that level but will begin covering shorts near $60.00. If crude does continue to pull back then this pair should see further upside. With that being said the downside risk is starting to outweigh upside opportunity so we will use extra caution here this month.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

WOULD YOU LIKE DEREK TO COACH YOU THROUGH
THESE TRADES IN REAL-TIME?

Yesterday we bought Dollars on dips as I have consistently suggested in my trading room signal service and newsletter, and once again we saw it pay off. We had what by most standards was a good month, in a single day. We have already followed yesterday up with more profits today. And all of that is after making almost 1000 pips last month. I just wanted to let all of those struggling know that there are some of us able to not only survive, but actually Thrive in the otherwise tumultuous times we are living in.

Have you registered for the the webinar “Make 1000 PIPS A Month” This is going to be one of the best webinars we’ve ever had!

It’s tomorrow, so check it out here:

Written by Britt Maras on July 8, 2009 – 5:42 pm -


Forex Traders may consider this Forex Signal for Price Action



July 8th 7:15-7:50 p.m. EDT for 1.75 hours duration moderate-to-strong price action



July 9thth 2:20-2:50 a m. for 2.5 hours duration with strong price action



July 9th 8:15-9:00 a.m. for 3 hours duration with strong price action



Currently primary pairs, eur/usd, gbp/usd, usd/jpy are out of harmony but this will change soon based on a primary directional move within the U.S. Dollar Index. I will be on call pretty much for the next 48 hours in effort to capitalize on what I believe will be a rather handsome profit potential and I look forward to making a solid Trade Alert.



If you followed my signal today we lost 35 pips trading the GBP/USD as I always run tight stops – usually less which offers me a average profit to loss ratio better than 2.5:1; this loss today compares to more than 170 pips profit booked in the last trading week.



This month I anticipate at least 3 Tsunami’s, one of my specialized Trade Alerts – which I anticipate profits exceeding 400 pips. Time will tell but we will look for the best opportunities the next few weeks.



I may author a Forecast later but right now the chaos is mixed. If you desire more information about my exclusive Market Timing Trade Alert Program - please feel free to access the links below.

Written by Britt Maras on July 9, 2009 – 9:08 am -


Britt Maras shares his view on Risk Management and Pro Pip Talk



In today’s market environment risk management is even more important than at any time in history. All of us get bombarded with the new bust-out robot or service which blows the doors out. They read fascinating blogs about how many hundreds of pips were booked in just a few hours and how last quarter thousands of pips were earned with some top-secret forex robot program.



Just the facts Mam! How many currency pairs can a single trader carry open at any one point when following professional risk management rules? One? Three? Five?



They can trade as many as they want and open as many positions as they want as long as they follow typically respected professional ratios like never exposing more than 3% - 5% of your equity in any single/total risk event. That said, where does that leave you?



I was acquainted with a fellow who would send a message and say I just made 1500 pips last week. I’d laugh and say “Oh really, I must have missed that trade.” He’d say, “It was right in front of your eyes stupid!” Okay. Then I’d ask him how many “pips per lot did you make per trade entry/exit/pair”….. He’d say huh? I said again, “how many pips per lot did you make and what pair was it on”?



Of course the fun was just starting….. Then I’d get the earful again from him about how I should expand my horizons and trade more than just say, the eur/usd or the gbp/usd. When he’d get to that, I’d interrupt and ask him, “Should I trade them both at one time?” He’d exclaim, “huh”?



Then I would ask him “how many dog’s are in the lineup at a particular dog track race?” Then of course he’d say “okay Maras, enough already”……..



Is anybody catching on just yet? Let me explain:



If the U.S. Dollar is rising, that can be seen in a few different pairings. If the Sterling is rising, that too can be seen and of course if the Euro is rising - certainly that can be seen in different pairs. Each sovereign currency has its primary relationship to the Dollar then of course it has its own cross pairs. One note on cross pairs, in my opinion, they could be riskier unless you have the “delta” of sovereign interest rates matched in an extremely skewed ratio. For instance, when the Bank of England had a benchmark rate at 5.00 and the Bank of Japan had a benchmark rate at .50 - then indeed the cross currency had a delta worth risking. As seen lately in the FCM’s ‘rollover interest’, now down to pennies, one can clearly see there is not much delta in any pair!



In today’s environment, cross trading might be a greater risk than trading the base pair against the Dollar. So, now back to my friend……



He was the king of trading the Dollar in 4 different places at once……….Get that, eh? He was a real rocket scientist! I’d ask him…….”If you go to the dog track and you have 4 dogs with basically the same odds, will you bet on all four?” (This is when it got fun…)



He’d say, “Well, sure, if I like them all!” (LOL……me laughing, stop already, my tummy hurts!)



Then, I’d ask him, “well, how do you decide how much to put on each one if the odds are pretty much the same (the Dollar will rise or fall, basically) and how much are you willing to bet?”



Then, that’s when he’d say….”Well Maras, obviously I can only bet so much and if I want to bet all 13 races I have to calculate how much I need for the night”……..



Okay folks, back to the point!



The U.S. Dollar makes the world go’round. It is best seen and traded with unanimous popularity in the eur/usd pairing due to daily majority of transaction in the market: Usually near half of the daily market. Surely I want to trade the pair that is likely to gather the most participation versus trading a pair that might only gather 5% of today’s market participation. The more, the merrier! The fewer players in the crowd the deeper the chance to get hit!



So, let’s get back to pip counts and the reality and see just how many pips per lot can be made trading 3-5% margin of equity, per event, per entry, per currency in any one day or month.



In my example, I am going to use one pair, the eur/usd and since my Trade Alert call profile is about 2.3:1 (profit to loss) and better, and since my average stop loss is under 30 pips and my average loss of equity when hit is usually 2.5% or less of equity; let’s take a $5,000.00 account for example:



I would consider trading 3-5 mini lots per ANY SINGLE TRADE event as I cannot possibly bet on more than ONE dog at once if I am going to cap my margin at 5% with 5 lots on the eur/usd.



Now, let’s say the trade earns 50 pips profit on 5 mini lots, which equals $250.00. My gain in terms of pip count is 50 pips per lot profit, NOT 250 pips!



Let’s get back to my old acquaintance, whom of course is broke now and left Forex about a year ago. He much rather does one of two things: He would enjoy making sure he could nail down 750 pips earning just 50 pips on the trade BUT, trading all 3 currencies

(3 currencies X $250.00 earned = $750.00 mini PIPS profit)…. Huh?



Yes, you see….. He had a choice to make. Does he run 5 mini lots on each of three currencies (15% margin against equity - a REAL black-eye NO-NO) or does he run just 2 mini lots on all three for about the proper exposure I described above?



In either case, the pips profit IS STILL only 50 pips per lot! If he traded all three and capped at 5% margin, then he STILL only made 50 pips per lot and he still only made $250.00. But no…..for some….to them that means they made 150 pips because they did three currencies (50 pips per currency) BUT MAY NOT acknowledge they RAN just 1.5% per trade versus 5% on one trade!! Get it now?



If someone claims they made 300 pips but had to run 1.5% margin on two currencies instead of 3% margin on one currency and they each moved the same amount, the reality is the net profit in dollars is still the same but talking about making 300 pips sounds a heck of a lot better than making JUST 150 pips!!



How many candy apples can you eat at the same time?



You can make the same $250.00 on one dog versus three dogs or you can triple your exposure and risk triple and win triple BUT that is absolutely POOR and undesirable RISK! The point is, ON the event itself with professional management standards, trading the dollar, there was ONLY 50 pips gained on the move, NOT 150 because you traded three pairs.



The next time you make a decision about entertaining the results of any robot signal service ask yourself a few things: Is the service risk balanced or is the service reporting that they traded more than one pair on mostly similar events for a total gross pip count that is really no different than trading one pair with the same level of risk BUT not split up over 5 events. Inflation is SURELY not a good thing, in any business! An overinflated tire usually bursts, or goes flat. Keep kicking the tires - but kick ‘em in the right place!!



Lastly — we at FTD focus on risk management amongst the different style of traders in house here. Some of us may have HUGE pip counts and some smaller but the net gains may be similar when the trade events might be relative. My particular expertise is with intra-session trades that yield solid pips per lot on single maturity events that focus on one event, one entry and an exit. Thanks for being here

Written by Britt Maras on July 10, 2009 – 7:57 am -


Timing the Markets Trade Room offers Small Profit on GBP/USD Sell Signal



Currently we are in stand-down mode as the eur/usd appears oversold and the Cable (GBP/USD) is either in stall mode on the bear front with deeper targets at 1.6113 or it is setting up for a classic Friday stall or, it is forming a basic bull pattern to test 1.6260 -93, 1.6321-59 or up towards 1.6450.



I think we will move our focus to the EUR/USD for now or we may attempt a ‘half-margin’ bear breakout trade if it reloads. This being Friday, could be best to walk away soon as our Trading Room can settle on about net 7% profit on equity for in the week for what was sort of a slow week. We missed an overnight trade on Wednesday for about 70 additional pips – but that’s okay!

Written by Britt Maras on July 12, 2009 – 5:23 pm -


EUR/USD Faces One More Round of Seven Week Old Consolidation



Currently the U.S. Dollar Index has been contained in a very harmonic price action pattern. Its structural formation is much cleaner than any currency pair amongst the top five. If the 80.70 level does not reject on a 1 hour candle (currently 80.24) then indeed the US Dollar is in for a multi-week bullish pattern which is likely to show very aggressively in the EUR/USD and GBP/USDS. The Index is perched on support immediately at 84.20 with key but critical support at 79.50 in view.



I would prefer to see the EUR/USD and GBP/USD make one more blush at higher resistance before developing a potentially aggressive bear pattern. The EUR/USD game is a 3980/3900 yardstick and then we should have a verdict.



Resistances: immediate at 1.3957-77, 1.3997, 1.4008, 4037-55, 1.4079, 1.4103-4149, 1.4200 and then 1.4300



Supports: immediate at 1.3928-14/07, 1.3883-64, 3853, 1.3780, 1.3743, 1.3670 and then 1.3349



We have Forex Market Timing Alerts for price action on:



Monday July 13th 12:40 a.m. – 1:15 a.m. for 3.5 hours duration moderate price action



Monday July 13th 5:50 a.m. - 6:25 a.m. for 2.75 hours with moderate price action



Please feel free to make questions or comments or review the links below:



Meet Forex Trader Britt Maras



Get my Free Forex Signals



Join me in my Forex Trade Room



Britt Maras – Senior Currency Strategist

Written by Derek Frey on July 13, 2009 – 10:18 am -


Forex Markets This Week
The S&P has and is breaking supports and continues to churn lower as we have warned in past issues. While we could see another run towards 900, if we do it is nothing less than another opportunity to short near that level. I have and will continue to say that stocks are NOT up trending, but in fact, stuck in a sideways range between 750 and 950 and will remain in that range for at least the rest of the year. This all matters to forex markets because the S&P holds enormous influence over the flow of funds around the world. If stocks falter as we expect, then we will see money run to Dollars. Which I agree makes no sense at all, but it IS what is happening. As I said over a month ago here, sell stocks & commodities on rallies and buy Dollars on dips, or wish you had later. The same still stands as it has worked very well, we are now up over 700 pips for the month so off to another good start.

EUR/USD:
Sells taken in the 1.40’s to 1.41’s should be solid entry points as discussed last week. Look for breaks towards the 1.38 level to take profits or at least lock in gains. We could see a much deeper correction but for now we will just look very near term. Same comments as last week as it still applies. We are recycling these comments for a third week as it continues to work, “if it aint broke don’t fix it” I have heard it said.

GBP/USD:
The cable remains resilient but offering great opportunities on both sides. We are predominately looking for rallies near 1.63 to sell into this week. We are still looking for this pair to fall back below 1.60 before month end. These are also the same comments from last week and they too apply this week again. We have seen 1.60 tested a few times last week and used that both to exit shorts and enter longs. We are more biased to the short side at this time.

USD/CHF:
This pair remains a buy close to the 1.08 level. This pair could see a move back into the low teens before this rally stalls. Same comments as the last few weeks and they still stand. They have paid off nicely the last few weeks and we see similar movements in the weeks ahead. I am not trying to be lazy this week but again these comments worked and we expect that to continue.

USD/JPY:
So we did see the downward action I talked about in past weeks. Near term we want to be cautious but still looking for major rallies to sell into.

AUD/USD:
We are seeing the .8000 level retested and will again look to sell above it. This is a larger play on a commodities slow down as the global recovery continues to be muted to slow at best. So while I got emails last week saying I was crazy when I made this comment, now it looks not so crazy ehh? I would like to see .80 retested and am selling into rallies in the ladder half of the week.

USD/CAD:
Now that Oil has more or less hit my downside target I am looking to begin to sell rallies in the USD/CAD as this pair has moved quite a ways away from it’s “normal” range due to oil. If as I suspect, oil stabilizes and trades between 50-75 for the rest of the year, the Canadian should be able to trade on its own merits again and if we see that then this pair should move lower overall.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

WOULD YOU LIKE DEREK TO COACH YOU THROUGH
THESE TRADES IN REAL-TIME?

Written by Britt Maras on July 13, 2009 – 5:20 pm -


Forex Traders see EUR/USD Face Key Resistance Levels



My classic July Tsunami is trying to form in the U.S. Dollar Index. I do not trade the Index but I prefer to focus on the next best place to trade the Dollar, in my opinion, as seen in the EUR/USD or GBP/USD. On a daily basis now the European Central Bank (ECB) is striving to talk-down the pair by honestly acknowledging the economic struggles in Europe and of course the rest of the world. In tandem with this, European banks are facing a high debt load with the normally high savings deposit rates by their customers; equilibrium usually prevails.



On a serious note – an increase in Dollar strength is much preferred fundamentally for the world economic outlook as a strong Dollar is in the world’s best interest. That’s my professional opinion anyway.



Currently the eur/usd is still mired in a bunch of nasty noise. Today we tried three different trades for stop loss of -2, -5 and minus 7. Our first trade was a bear call from 3955 that cleanly ran down to the mother load of support at 3913 as noted in my article yesterday afternoon. We desired a breakdown so instead of booking in excess of 35 pips, we stayed in the trade for minus two in effort to not get jigged out. Needless to say, this was one bird-in-the-hand we chose not to take this time.



Now onto the price map:



Resistances: 1.3993, 1.4031-65, 4111, 4147, 4255, 4313



Supports: 1.3955, 3927, 3901, 3860, 3811, 3777, 3723, 3604, 3539, 3339



I am camped out for the big move that I believe is pending. I feel the boomerang is coming and it’s going to be ugly. Chip-Chop! If no boomerang, we’ll follow the leader!



We should have some Market Timing Forex Signals:



Tuesday June 14th 1:30 – 2:15 a.m. for 3.5 hours duration with strong price action.




Meet Forex Trader Britt Maras



Get my Free Forex Signals



Join me in my Forex Trade Room








Good trading to you, and do not over leverage or over-trade.

Britt Maras – Senior Currency Strategist

Written by admin on July 27, 2009 – 7:05 am -


The Dollar seems unable to make a move in either direction these last few weeks. The ranges have given us many great trading opportunities but lacking of actual direction. We continue to want to own Dollars at these levels but caution is still the word for the week as we could still see a few head fakes to the downside in Dollars before turning. We are still up over 800 pips for the month and are looking to finish out this month strong. Most of the comments below are the same from last week but since we have had almost no movement last week these same levels still apply.

EUR/USD:
We remain short this pair and are still targeting a move back into the mid 1.30’s by end of summer. Selling rallies above 1.42 should be good entry points.

GBP/USD:
This pair remains volatile and lots of fun to trade. We are looking to sell rallies near 1.65 this week and expecting the lower 1.60’s to be tested by end of week.

USD/CHF:
This pair saw a nice breakdown and we are now long from just below 1.07 and loosing for a move back towards the 1.10 level.

USD/JPY:
We are still looking for this pair to track stocks lower in the weeks ahead so our bias remains to sell rallies above 95 and focus on managing risk on every trade every day without fail.

AUD/USD:
We are still selling rallies here as well and I know this sounds nuts and I may be wrong but the odds of a further advance are very low in the near term so I am happy to remain short.

USD/CAD:
Canadian continues the charge back towards parity I have mentioned in prior issues. I am now looking to buy dips near the 1.08 level this week. This is really a dead cat bounce trade but risk reward is good.

Written by Derek Frey on August 17, 2009 – 4:07 pm -


We are knee deep into the traditional summer doldrums. This year we have seen a slow start to the hurricane season so far. However markets seem to making waves where hurricanes are not. We have seen the beginning of the short squeeze on the Dollar I have been warning about for some time. We have had an incredible summer here in my trading room. We are now up over 3,000 pips since June 1st! So I am officially calling this the new summer of love. I hope all of you have gotten at least some of this money. If you are a regular reader of this newsletter then none of what has been happening should have come as a surprise. The events before us are unfolding very much the way we are forecasting. This is not always the case but when it is “make hay when the sun shines” it is often said.

EUR/USD:

We will now look to begin covering some of the shorts we have been taking and looking for some near term strength in this pair. Strength that we will want to sell into more than buy. Overall we are looking for this pair to move back towards 1.25 by years end if not sooner.

GBP/USD:

This pair is also likely to see some rather violent bounces this week and we are looking to also cover shorts here that were taken above 1.65. As this pair spikes back up we will again look to sell into those.

USD/CHF:

I mentioned that this pair would move from below 1.07 back to above 1.10, we are now half way there but I am seeing signs that the second half of this move will be much “harder” than the first so we want to protect the profits we have and look for near term rallies to partially exit.

USD/JPY:

This is the one pair as I have mentioned in the past that will not move according to the Dollar but rather the S&P500. We have seen this pair turn down with stocks and expect that relationship to continue for at least the near term. We are looking for a bounce early this week in stocks but once again we want to sell the rally and be patient. Stocks as well as this pair are going MUCH lower. Don’t be another moron who drinks the Kool-Aid!

AUD/USD:

This pair has been slower to respond to Dollar strength but over the next few weeks you will see it go from laggard to leader.

USD/CAD:

This pair is also looking for a strong move back up. We are and have been buyers of dips here and will continue to be so all the way up to 1.20 which is where we expect this pair to trade by years end.

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:: United States Dollar: Focus on Friday was on the release of US Non Farm Payrolls data. Although still weak, it came in better than expected - 247,000 jobs were lost in July, fewer than forecasts for 320,000. It turned out to be a positive for the US Dollar. This is indeed a change to recent reactions to positive US data. Over the past few months we were seeing quite the opposite reaction- better than expected data increased risk sentiment and saw investors sell the haven US Dollar. GBP/USD has fallen further overnight and is still partly reeling from the Bank of England decision to increase quantitative easing by ?50 billion to ?175 billion. It opens this morning at 1.6625 - a sharp correction from the 1.7000 highs of last week. Data is lacking today but what will be crucial to the direction of GBP/USD over the next few days will be the Bank of England Inflation Report due on Wednesday.

- We expect a range today in the GBP/USD rate of 1.6580 to 1.6690

:: Euro: The Euro has also fallen sharply against the US Dollar. It traded above 1.4350 pre US NFP release but gapped lower following the news. It fell to a low of 1.4165 in reaction to the better than expected data and opens this morning at 1.4190. German Industrial Production did not help the Euro''s cause either coming in at -0.1% vs. forecasts for 0.6% rise. EUR/USD opens this morning at 1.4190. GBP/EUR has recovered a bit and is back above 1.1700 this morning - it trades at 1.1720 currently.

- We expect a range today in the GBP/EUR rate of 1.1680 to 1.1760

:: Aussie and Kiwi Dollars: The Australian Dollar and New Zealand Dollar are little changed against the Greenback. As equity markets reacted positively to the US jobs data investor demand for the high yielding and riskier currencies also increased. AUD/USD continues to trade close to .8400 whilst NZD/USD, having made a brief but failed attempt to push through .6800 opens at .6735. There is little by way of data due from either Oz or NZ tonight - perhaps some profit taking on equity markets will see some profit taking on long AUD and NZD positions, but overall both currencies are expected to remain firm. As they do both GBP/AUD and GBP/NZD have fallen further. GBP/AUD opens at 1.9810 whilst GBP/NZD trades at 2.4670.

- We expect a range today in the GBP/AUD rate of 1.9760 to 1.9910

- We expect a range today in the GBP/NZD rate of 2.4580 to 2.4740

:: Data Releases:
AUD: No data due for release today
EUR: Sentix Investor Confidence
GBP: BRC Retail Sales, RICS House Price Balance
NZD: No data due for release today
USD: No data due for release today

UKForex offers excellent rates on foreign exchange for businesses. Whenever you make a purchase or sale which involves a foreign currency, UKForex can save you money through better exchange rates and low (or often no) fees. UKForex offers an easy and convenient system to view live rates, store your beneficiary details, lock in deals and view details of past transactions.

Having access to dedicated analysts and dealers is out of the question for most small businesses. However, UKForex provides expert dealers to discuss your foreign exchange needs and to help formulate strategies to reduce your foreign exchange risk. The UKForex system is extremely transparent and allows you to view the interbank rate and the rate you will receive. There are no commissions or hidden fees.

For a fresh approach to your currency needs, call us now to speak to one of our foreign exchange specialists. Our toll free numbers are:

Canada 1800 680 0750
United Kingdom 0845 686 1950
Australia 1300 300 524
New Zealand 0800 161 868


Next Steps:
Frequently Asked Questions
Register for Live Quotes


Related Information:
Forward Hedging Guide
What are Limit Orders?
Available Payment Types
Supported Currencies
Minimum Amounts
Contact Us for More Information




No Fees
On transaction amounts of GBP£3,000 and over. Click here for more details on fees.

Low Fees
On transaction amounts under GBP£3,000 (maximum GBP£7). Click here for more details on fees.

Great Exchange Rates
UKForex transacts thousands of deals per month for our vast client base. With our access to interbank markets we can pass on great savings to you in terms of super-competitive exchange rates. We will not be beaten!

Dedicated Dealer
As foreign exchange specialists, UKForex will provide you with an accredited dealer who will offer you general foreign exchange advice and clearly explain our products and services. This ensures we will find the best solution for your forex needs.

Product Range
UKForex provides an extensive range of products and services that will ensure there are no unpleasant surprises and can manage your currency payments and risks effectively. We offer spot and forward contracts, limit and stop loss orders, market advice, bulk payment and billing facilities.

Great Technology & Excellent Service
Our sophisticated dealing system puts you in control and gives you all the information you need to make your forex transfers. However, that's just part of the story. At UKForex we are dedicated to high quality, real time, personal service that is unrivalled in our industry.

Exporters
This group consists of many of Canada's largest companies. Within group you find a diverse range of companies exporting goods and services from Canada to the rest of the world. Canada's export volumes give an excellent indication of the volumes of foreign exchange transacted by the sub sets of this group with resource sector companies taking centre stage. In general exporters have a positive impact on the value of the British Pound.
Importers
This group of companies and individuals uses the foreign exchange markets to purchase foreign currency to make payments for the goods and services they have bought in other countries. In general they have a negative impact on the value of the British Pound.
British Fund Managers
This industry has burgeoned over the last two decades underpinned by a regulatory environment that encourages private household saving. The net effect of the group depends on the investment decisions they make but in general as the industry grows they have been investing heavily offshore which generates a negative impact on the British Pound. However they can hedge these investments which often sees them enter the market as buyers of forwards contracts and options.
Global Fund Managers
This group's influence changes depending on their interest in British asset markets. During periods where British stocks and bonds are attractive, Canada gets substantial allocations of global capital which drives up the value of the British Pound. However when they wish to hedge existing investments in Canada this can generate selling flows.
Central Banks
In United Kingdom the Bank of England generally lets the market determine the value of the British Pound however there are a few exceptions to this policy. Firstly the Bank of England will intervene to buy or sell British Pounds if they believe it is substantially under or overvalued and that it is having a negative effect on the economy.
Other Government Agencies
Many government agencies have foreign exchange risk either as exporters, importers or borrowers

Whether emigrating, buying a holiday home or purchasing goods from overseas, you can make very significant savings on your transactions using UKForex versus a bank.

You will also benefit from our expertise in managing the hidden risks caused by exchange rate fluctuations which can seriously impact your outcomes.

For example if you are emigrating and the currency you have depreciates you will have less capital to get started in your new life. UKForex offers simple solutions that enable you to mitigate this risk.

Each client is assigned a dedicated forex dealer who will provide information on market trends and clearly explain how you can manage your risk and achieve the best rates.

UKForex offers a completely transparent service where you can compare our rates versus wholesale rates, and against your bank. Using UKForex is a breeze - simply follow these steps to transact:

Register with UKForex
Login and request a live (and dealable) rate
Confirm your rate, deal and payee details with UKForex
Transfer payment to UKForex
UKForex transfers your funds to the beneficiary
** Please note: UKForex does not deal in cash or travellers cheques. UKForex does not accept payment by credit card, cash or cheque. UKForex does not provide transfer of funds to the Philippines, Russia, Indonesia, Malaysia and a range of other countries. The minimum transfer size is GBP£1,000 or equivalent.

Innovative and dynamic global business
Full time position in London
Salary – negotiable
UKForex is an Australian-based, high growth, financial services company expanding rapidly with offices in Sydney, London and Toronto. From these three offices, our dealing rooms service our global client base 24-hours a day.

As one of the world’s largest online foreign exchange providers, UKForex is a young, innovative and dynamic business that is offering a unique opportunity to the right person to be part of our global expansion and development.

Due to our ongoing success and continuing growth, we have an exciting role within our UKForex office based in London.


The role is for a Senior Corporate Dealer to join our team, reporting to the Manager of Corporate Business for UKForex. The successful candidate will possess a friendly and positive manner and will be able to take initiative.

Your main responsibilities will be to source new corporate business, anticipate and meet the needs of existing corporate customers, execute FX deals over the phone, provide market analysis to clients, clearly explain UKForex services to potential customers, handle customer enquiries efficiently and build on our reputation for great customer service.

We will provide you with ongoing training in the following:
Custom built CRM system and online platform
Sales Training
Product Training
FX Market knowledge
Industry certification
The ideal candidates will possess:
Strong attention to detail
Integrity and good work ethic
Excellent written and oral communications skills
The ability to work autonomously as well as in a team
Great process management and multi-tasking abilities
Superior computer skills
A commitment to providing consistently outstanding service
Ideally you will have minimum 3 years of FX dealing experience with a proven track record within the industry.
For any conscientious employee, this role could a great continuation of an ongoing career in the finance industry. We will offer a competitive packaged salary commensurate with experience to the right candidate. This is an exciting time to join our innovative and dynamic company that continues to grow in profitability as we expand our services and products globally. Please send your resume to careers@ukforex.co.uk and include the following in the subject heading:

Senior Corporate Dealer - London
Your full name
We look forward to hearing from you soon!





Private Client Dealer - UKForex
Innovative and dynamic global business
Full time position in London
Salary – negotiable
UKForex is an Australian-based, high growth, financial services company expanding rapidly with offices in Sydney, London and Toronto. From these three offices, our dealing rooms service our global client base 24-hours a day.

As one of the world’s largest online foreign exchange providers, UKForex is a young, innovative and dynamic business that is offering a unique opportunity to the right person to be part of our global expansion and development.

Due to our ongoing success and continuing growth, we have an exciting role within our UKForex office based in London.

The role is for a Foreign Exchange Dealer reporting to the Manager of Private Clients for UKForex. The successful candidate will possess a friendly and positive manner and will be able to take initiative.

You will be working with our Private Client Team to continue to provide excellent service to our private clients. Your key responsibilities would include contacting registered clients, booking and confirming foreign exchange transactions, handling customer enquiries both online and by phone and advising clients on FX market movements.

We will provide you with ongoing training in the following:
Custom built CRM system and online platform
Sales Training
Product Training
FX Market knowledge
Industry certification
The ideal candidates will possess:
Strong attention to detail
Integrity and good work ethic
Excellent written and oral communications skills
The ability to work autonomously as well as in a team
Great process management and multi-tasking abilities
Superior computer skills
A commitment to providing consistently outstanding service
The successful candidate will have a keen interest in Foreign Exchange and preferably some experience of the Financial Services industry. A university/college degree is an advantage.
For any conscientious employee, this role could a great continuation of an ongoing career in the finance industry. We will offer a competitive packaged salary commensurate with experience to the right candidate. This is an exciting time to join our innovative and dynamic company that continues to grow in profitability as we expand our services and products globally. Please send your resume to careers@ukforex.co.uk and include the following in the subject heading:

Private Client Dealer - London
Your full name
We look forward to hearing from you soon!





Business Development Manager - UKForex
Innovative and dynamic global business
Full time position in London
Salary – negotiable
UKForex is an Australian-based, high growth, financial services company expanding rapidly with offices in Sydney, London and Toronto. From these three offices, our dealing rooms service our global client base 24-hours a day.

As one of the world’s largest online foreign exchange providers, UKForex is a young, innovative and dynamic business that is offering a unique opportunity to the right person to be part of our global expansion and development.

Due to our ongoing success and continuing growth, we have an exciting role within our UKForex office based in London.

The role is for a Business Development Manager reporting to the Sales Manager for UKForex. The successful candidate will possess a friendly and positive manner and will be able to take initiative and will be accountable for driving incremental growth in revenue and new clients.

You will be investing a significant portion of your time negotiating with key decision makers and forming relationships through various channels across a range of industries for referral and partnership arrangements. You will be involved in marketing the UKForex online platform face to face and via the phone to key decision makers within the SME space, establishing UKForex as the provider of choice.

We will provide you with ongoing training in the following:
Custom built CRM system and online platform
Sales Training
Product Training
FX Market knowledge
Industry certification
The ideal candidates will possess:
Strong attention to detail
Integrity and good work ethic
Excellent written and oral communications skills
The ability to work autonomously as well as in a team
Great process management and multi-tasking abilities
Superior computer skills
A commitment to providing consistently outstanding service
High levels of self motivation and positive can do attitude
Drive, passion and initiative necessary to deliver outstanding business results
Effective organizational and time management skills
A tenacious approach; and possess ability to effectively adapt to change
A high degree of professionalism, with a confident and persuasive manner
Given your sales focus we will also provide you with a sales and marketing plan, growth strategy and projections, laptop with internet access and a car and phone allowance. Ideally you will have minimum 2 years of business to business solution sales experience with a proven track record within the industry.
For any conscientious employee, this role could a great continuation of an ongoing career in the finance industry. We will offer a competitive packaged salary commensurate with experience to the right candidate. This is an exciting time to join our innovative and dynamic company that continues to grow in profitability as we expand our services and products globally. Please send your resume to careers@ukforex.co.uk and include the following in the subject heading:

Business Development Manager - London
Your full name
We look forward to hearing from you soon!

UKForex is a wholly owned subsidiary of OzForex, a subsidiary of Macquarie Bank Limited, one of Australia's leading financial organisations. UKForex is part of the OzForex Group which also includes OzForex, CanadianForex, NZForex and Tranzfers.

Since its launch in 1998, the Group has grown to be one of the world's largest online foreign exchange companies by offering super competitive exchange rates, great technology and superb service.

The Group is an independent, online foreign exchange provider that operates dealing rooms in Sydney, London and Toronto. Offering seamless 24-hour access to Corporate and Private Client Dealers, the Group completes over 200,000 funds transfers per year on behalf of Clients. A combination of knowledge and expertise has made the Group a significant player in the global foreign exchange marketplace, and one of the world's leading online foreign exchange services, with over 500,000 visitors per month and more than 65,000 transacting customers globally.

UKForex employs a blend of cutting edge technology and superb customer service to bring a better deal to corporate and private customer alike. The Company's rapidly expanding client base includes small and medium-sized businesses that import and export goods, as well as migrants transferring financial assets, expatriates repatriating funds, and individuals investing overseas.

The UKForex Board of Directors is made up of executives with excellent credentials and significant experience in foreign exchange and financial markets generally. Two of the Directors represent Macquarie Bank Limited. More on Directors.

Over the years, the Group has won many awards for its outstanding success. The Group received 5th place in the 2005 Deloitte Technology Fast 50 awards. In 2008 the Group founder Matt Gilmour won the Ernst and Young Entrepreneur of the Year NSW, in the Technology and Emerging Industries category.

Dealing with us is simple. You register on the website and then log in. When logged in you can get quotes, add beneficiary details and book deals/funds transfers. After you register, a UKForex representative will call you to discuss your transfer(s) and make sure the system is set up correctly for your needs. You will also be able to ask any questions you may have about the service and process at this time. You can lock in rates prior to us having your funds for currencies if we can receive funds overnight or you leave a small deposit. If it will take longer for funds to reach us, it is better to send the funds to us prior to booking the exchange rate. Once we have the funds, you will be advised and can then lock in the exchange rate.

Please note we do not support transfers in Indian Rupees, Indonesian Rupiah, Phillipine Peso, Thai Baht, Pakastini Rupee, Iraqi Dinar (and a number of other currencies) at this stage.

Benefits of using UKForex
No bank queues
One of the great things about our service is that you can complete an international transfer without leaving your office or home. We give you a variety of ways to get your funds to us so we can send the international transfer as quickly as possible.


Unbeatable rates & low fees ? Yes please!
Not only do we take the hassle out of your international transfers but we do it with low (or often no!) fees. We charge a maximum fee of GBP£7 for payments, and will waive the fee altogether on transactions that are GBP£3,000 or more per beneficiary. Click here for more details on fees.


Exchange rates - a simple guarantee. We will not be beaten!
There is no need to shop around, our rates will be good straight up.


Security of your money
The safety of your money is an important consideration when deciding which provider you use to send money internationally. UKForex offers a safe and regulated alternative to the banks for transferring funds. Our business effectively transits money from customer to beneficiary via leading financial institutions. We do not pay out client transfers until clients have paid UKForex which means we have no settlement risk on transfers. As we do not carry any overnight market risk, unlike some other providers, we do not suffer losses resulting from exchange rate movements and so you can feel comfortable that your transfer will reach the recipient on time, every time. Your funds are held in accounts with major financial institutions and are only released once your outward payment has been sent. UKForex is a trusted provider to thousands of customers world-wide who have enjoyed the benefits of excellent rates and low fees without compromising on service.

Clients can trade the major currencies 24 hours a day, with over 300 instruments available. We also offer an extensive range of cross currency combinations across all majors, with highly competitive spreads. Trade multiple product types including Spot FX, Forward Outright FX (Outright or Broken-Date).

Spot FX
OFB customers are offered competitive prices on the world's major currency pairs with bid-ask spreads normally only available to the inter-bank Spot market. OFB offers margin rates as low as 1% and available trade sizes as low as USD10,000 (or equivalent) and as high as USD1 Billion. All clients are offered the most professional service irrespective of trade size or frequency of dealing.

Product Symbol Standard Forex Spreads
Euro/US Dollar EUR/USD 3
US Dollar/Yen USD/JPY 3
US Dollar/Swiss Franc USD/CHF 3
British Pnd/USD Dollar GBP/USD 3
Euro/Yen EUR/JPY 3
Euro/British Pound EUR/GBP 3
Euro/Swiss Franc EUR/CHF 4
British Pound/Yen GBP/JPY 9
British Pnd/Swiss Franc GBP/CHF 9
Swiss Franc/Yen CHF/JPY 4
Australian/US Dollar AUD/USD 3
Australian Dollar/Yen AUD/JPY 4
US Dollar/Ddn Dollar USD/CAD 5
New Zealand Dlr/USD NZD/USD 5
USD/S.African Rand USD/ZAR 120
USD/Norwegian Krone USD/NOK 40
Euro/Norwegian Krone EUR/NOK 55
Euro/Swedish Kroner EUR/SEK 51
USD/Swedish Kroner USD/SEK 50
Euro/Canadian Dollar EUR/CAD 9
Euro/Australian Dollar EUR/AUD 11
British Pound/Australian Dl GBP/AUD 17
USD/Mexican Peso USD/MXN

Force index measures the bulls power while growth and of the bears while deceleration. This index was designed by Alexander Elder. The indicator is based on the price direction, it’s deviations and deals volume. Force Index may be used together with moving average or separately. In this case the short moving average points at the optimal time to open and to close positions. The large moving average forecasts probable trend change.

This indicator contains the following signals:

Buy signal – when the force index is lower than zero with the up-going trend.
Continuation of up-going trend appears when the indicator reaches new height.
Sell signal appears when the force index is increasing to plus while the trend is decreasing.
Continuation of the decreasing trend signal appears when the indicator is falling to a new level.
Trend change appears when the force index is not changing positions for some period. It happens if the price changes have not backup of volume changes.


Other news

Euro is getting stronger comparatively to USD because of dark prospective of the American economical situation. The European economy is the only one whose performance is worse than of the America’s. The recent days the Euro is traded on the level of 1,4079 after reaching extreme marks of 1, 4085 and 1, 3988. The resistance currently is 1,4080, support 1,4053.

Pound/USD pair is cutting down as the total USD recession levels are still less than the ones of the Great Britain.
The Pound is traded on the level of 1,4734 after reaching extreme marks of 1, 4798 and 1,4713. The resistance currently is 1,4740, support 1,4710.

That’s the pair’s range since the momentum indicators are showing mixed signals in different time ranges.

USD/Yen pair is trading in a narrow hall due to lack of the economic statistics for the America. Yen has been traded recently at the level of 90,39 after deviations of minimum and maximum 90,84 – 90,31. Resistance is 90,52, support – 90,43.

Any tiny deviations in currencies pairs are the result of exceptionally technical movements.

If you are reading this article, you must probably already know something about forex. You may be considering the profession of trader as prestigious, romantic, analytical or mathematical… Or all of the mentioned. Let’s try to figure out, what is the foreign exchange trade all about?

“Nothing could be easier!” – someone may claim – “Sitting somewhere by the Caribbean sea, with a notebook and making crazy money.” Yet, if it were that easy, there would be no more professions left except 4x currency trading specialists.

“Dull!” – someone would say – “Forex rates, forex quotes… Who can stand working like that all day long?” But what do you say about all those people who love foreign exchange market not only for the revenues, but for the challenge, the passion?

Both will be wrong. Yet, as always, the truth is out there, somewhere in the middle. Forex is about all of this: passion, strategy, analytics, luck. The most important of the forex tips is: don’t start doing forex if you are expecting just fun or will be relying on luck only.

To succeed you will need to be smart, to work hard, to stand challenges and to face risks.

The other tips we can provide you with, if you decided to start doing forex are as follows.

Once you decide to do forex, choose a reliable dealing company. It’s the first step to minimizing risks.

Secondly, learn as much about the forex, currencies, markets as possible. Luck is only 1% of success.

Thirdly, don’t give up! There will be losses, surely. Yet, without losses there is no revenue. Only practice brings you one step forward.

Brett N. Stinberger PhD and Psychiatry professor in the Syracuse Medical Institute, NY area. He is an active trader and writes articles on the forex trading system market psychology. The author of “Trading psychology” 2003 and over 50 articles on short term trading and forex free training approaches.

Let’s first have a look at a letter that I have recently received from an exchange currency trader:
I used to be a sustainably successful trader making single and doubled stakes and making 1000 – 3000 $ a month for 48 months with no month losses since 1999 to 2003. It’s when my winning period cut short. I lost 38 000 USD in one deal and it became my first month I lost. Since than I hadn’t two months wins one after another. I actually had just several successful months. I am still struggling to have my sustainable profits back. Yet, even if my several weeks’ trading is successful, in the end of the month I would fail. It happens that I loose everything by closing some stupid deal despite any currency market news that turns out a real disaster. It seems that subconsciously I am searching for alike deals that spoil everything.

Actually, it’s not a rare case with those who try to learn day trading or long-term forex investments. One large loss may cascade other losses that are followed by rising losses. How to break this losses circle and get your money back with aggressive deals and continued losses?

Identify the Risk
It should be understood that Currency trading involves high risk and you can lose a lot of money. There is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risk. Only surplus funds should be placed at risk and anyone who does not have such funds should not participate in trading foreign currencies. Currency trading is not suitable for everyone.

It should also be understood that hypothetical performance results may be posted on the website or given to third parties by other methods. Such hypothetical performance results have inherent limitations in that they have been prepared with the use of past performance and past performance is no guarantee of future results. Performance can and does vary between individuals.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL

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

It is essential that a Demo simulator account is first used THOROUGHLY before commencing with a Live Online Forex account. The services offered and contained on this website and through CompuTrade LLC is strictly for the use by traders with EXCESS RISK CAPITAL and who are fully aware of the inherent risks involved in Forex trading. The high degree of volatility within the foreign exchange market, and the ability to leverage your position means that losses can be quick and significant. You may lose your entire investment capital. It is your responsibility to ensure that you fully understand these conditions before proceeding further.

Market Opinions CompuTrade LLC
Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. CompuTrade LLC will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

By using the services offered by CompuTrade LLC “CompuTrade” or using this website the user agrees that the author and any other entities associated with the CompuTrade LLC shall not be held liable for any direct, indirect, consequential loss or any damages whatsoever arising from this usage, or the use of any information, signals, software, messages , manual, worksheet , instructions, alerts, directives etc and any other information contained in regard to its use and understanding. Use this site and the services offered by CompuTrade at your own risk. Neither Guarantee of performance, results nor any anticipated Return on investment is offered at any time. Past performance is no Guarantee of future results.

Internet Trading Risks
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since CompuTrade LLC does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. CompuTrade LLC employs back up systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.

Accuracy of Information
The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. CompuTrade LLC has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

Distribution
This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.


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CURRENCY TRADING INVOLVES HIGH RISKS
AND YOU CAN LOSE A LOT OF MONEY

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Discover the simplest, the most talked about Forex Trading Software to hit the Forex industry in decades – the FX Moneymap. ™

It has been called “the Satellite Navigation for forex trading”. Why? Because it lets everyone, even complete beginners understand when to buy, sell or stay away from a trade, in just a few minutes. If you can use a Sat Nav in your car, you will be able to use our software for profit.

This revolutionary software is in use right now by hundreds of subscribers as well as professional traders including interbanker Dealers, Brokers and Bankers to make buy and sell Forex Trade decisions. Many of these users have started trading forex with us because we have the most complete Forex Trading Solution.

There is no comparable system in the market place – our software is backed up by a real, live online user community of Traders who are trading exactly the same currencies as you are - users who you can talk to and get advice from while you trade. The benefit? – You’ll never be alone when you trade.

The $3.2 Trillion a day industry


Foreign Exchange (FOREX, Forex Currency Trading or even Fx Currency Trading) is the arena where a nation's currency is exchanged for that of another.

The foreign exchange market is the largest financial market in the world, with the equivalent of over US$2.5 to US$3.2 trillion changing hands daily; to put this into context, this is more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.


For active traders and investors, foreign exchange should be no different than other investment products such as equities, commodities, bonds, notes, bills, etc.. In fact because of the globalization of the economic world and the consolidation of whole economic regions (i.e., the European Union), having currencies as part of a diversified portfolio simply makes sound portfolio sense.

Just like these other investment alternatives, foreign exchange offers traders/investors a market (it is an over-the counter market) where they can buy and/or sell an investment product. In this case it is a specific Currency Pair. The currency pair may be the Euro versus the US Dollar, the US Dollar versus the Japanese Yen, the British Pound versus the US Dollar , the Euro versus British Pound, or a number of other currency combinations.

The different currency combinations represent nothing more than the value of one currency versus the value of another. That relationship is represented by a single price.

In foreign exchange, the price of a currency pair is the markets expectations (at that time) of the value of that currency vis-à-vis another currency given the current and expected economic and political situation of the two countries. In equity terms, it is the price of the stock.

If, for example, a country's inflation/interest rates are low and stable. If it's economy is strong. If it's politics are stable and expectations are for more of the same, then one can expect (in general) for that country's currency to remain strong versus a less fundamentally favourable currency.

Contrasting that with an equity, if the domestic and global economy is strong. If inflation is not running away. If competition is not taking away market share or eating into margins. If product demand and growth are strong. If the companies internal "politics" are such that the workers are happy and productive, and expectations are for more of the same, then you can expect that companies stock to remain strong versus a company with less favourable fundamentals.

Like equities there are other factors that determine the short term value of a product including technical analysis, short term supply and demand, seasonal capital flow patterns, the current price of the instrument, etc. It is these universal dynamics that will move a currency up or down. By analyzing the pricing dynamics and combining that with sound money management discipline like stop loss orders, the investor can insure greater success in his foreign exchange trading.

Traderhouse Global has many successful training centres around the world where you can have a physical trading seat to learn from some of the best Forex Traders in the industry.

Our training centers in London, Malibu and Miami have been fully operational for some time and are extremely successful. We hold regular training sessions that are attended by Forex newcomers as well as professional traders looking improve their Forex Strategy.

We plan to open new Forex Training Centers in Dubai, New York, Canada, India and China in the very near future, but we are always looking for new areas where demand for training is high. France could be one such area.

If you are interested to learn more about Forex Trading in France and what we can offer you immediately and what we can offer in the future, please register your interest below.

Please take a few minutes to learn more about our revolutionary Forex Trading software, the Fx Money Map and how you can make consistent profit, trading online from France.

Discover the key market Forex: FOREX CHOOSE


Pour appréhender le marché Forex ou perfectionner votre stratégie, FXPrice vous propose une palette d'outils complète. To understand the Forex market or refine your strategy, FXPrice offers a complete range of tools.


L'outil le plus utile certainement sera le compte de démonstration. The most useful tool is certainly the demonstration. Un compte de démonstration est le reflet exact de la réalité et permet donc, sans aucune prise de risque, de vous familiariser avec l'environnement de trading Forex. A demonstration is the accurate reflection of reality and thus, without any risk taking, to familiarize yourself with the Forex trading environment. Vous disposerez d'un compte virtuel avec 10 000 USD, un levier de 100:1 et une taille de lots de base de 10 000 unités. You will have a virtual account with 10 000 USD, 100:1 leverage and size of a batch of 10 000 base units.
Dans cette première étape, vous pourrez visualiser les graphiques et les types d'ordres à votre disposition. In this first step, you can view graphics and order types available to you.


Avec l'ouverture de votre compte de démonstration, vous recevrez un programme de formation complet vous accompagnant tout au long de votre période d'apprentissage. With the opening of your demonstration, you will receive a comprehensive training program will accompany you throughout your learning period.

Rob Booker is a foreign currency trader. He also trains traders around the world to be more disciplined and profitable. He has worked with traders on every continent that sustains life in any meaningful way.

Rob 'practiced' law, printed t-shirts, sold magazines, taught Italian, recruited CPAs, started an advertising firm, ran an e-commerce company and roofed houses before he realized that he was better at getting jobs than he was at staying with them.

Okay, since we're all talking in the third person, I'll let you also know that Rob was fired from every job he ever got.

Consumed with the question of why he was working at jobs that he didn't like -- and how to move past those jobs into a career that brought him true happiness -- and the ability to play video games, watch movies, and chat with people around the world while attempting to build an empire of wealth beyond any mortal's ability to imagine, Rob talked to people across the country and around the world. When he met a group of successful foreign exchange traders, he learned everything he could, until he started a full-time career trading currency.

Rob now maintains a foreign currency advisory practice close to home. He has been called the "Motley Fool of Foreign Exchange" and the "Prime Minister of Pips". His columns are read by over 3,000 people each day.

He lives in Wheeling, West Virginia, with his wife Kristine.

Check Rob's list of sessions at FXstreet.com.



Book Sinopsis
The Currency Trader's Handbook is the first published form of Rob Booker's ebooks on currency trading. Included are money management strategies, trading systems, and a focus on how to develop the mental toughness to profit in the world's most volatile trading environment.

Usually, I write ebooks and distribute them free. But I finally realized that I had a lot of ebooks and that some people might want to read them in a book form. So that’s what this is. It’s a collection of revised and updated ebooks that you can hold in your hands. Or hand, if you only have one.
I have absolutely no idea who you are, what you do for a living, if you trade only currency, or futures, or livestock, beanie babies, cold cereal, your best friend’s vinyl Rush collection (please, does anyone else think that Getty Lee sounds like a dying cow?), or your wife’s fine china.

I do know that if you have traded currencies, that you have probably lost some money here and there, and I hope this handbook is of some help to you. If you have never lost money trading currencies, then I want you to close this book, open your trading account, produce last month’s report, and then shoot yourself.

forexinfo-forex.blogspot.com (Buenos Aires) – With Wall Street struggling just under past Friday’s close, investors remain cautious ahead of a two-day Federal Reserve meeting and following a big rally that pushed the Dow and S&P 500 to the highest levels in 9 months. Despite that, dollar continues to be the overall winner today, extending past Friday’s rally in a sentiment turn.

Traders are looking for the FED to give clues about probable rate hikes in the short term, turning back their attention to rate differentials, despite euro zone remains at 1.0%, the U.K. at 0.5% and the U.S. floating under 0.25%. Over bought particularly against European currencies, the extension of due greenback downside correction will be key: EUR/USD should remain under 1.4200 while GBP/USD under 1.6600 to favor more dollar gains for the week.

FXstreet.com (Córdoba) – Greenback is extending gains against European currencies. EUR/USD fell to 1.4108 reaching a fresh intra-day low and the lowest price of August. The pair is 0.45% below today’s opening price and is falling for the third day in a row.

GBP/USD is extending its collapse. The pair posted a fresh intra-day low at 1.6430 accumulating a decline of more than 200 pips so far today. Cable is at the lowest level of the current month.

USD/CHF is approaching to 1.0900. Dollar rose from 1.0800 to 1.0882 posting a fresh intra-day high. The pair is 0.45% above the price it had at the begging of the day.

Established in 2004, DPR International Pte Ltd mission is to research and educate traders/investors in the world. In July 2005, DPR International Pte Ltd published The Trader's Journal - Asia Pacific's Preeminent Trading Magazine. The readers of Trader's Journal trade and/or manage the trading of futures, options, stock, forex and derivatives. They include high net- worth individuals, professional traders and corporate and institutional money managers who are active in the global stock and derivatives markets. Trader's Journal helps readers understand the factors that affect futures prices, provides them with perspective on trends affecting the global marketplace and gives them information on how to maximize trading profits while minimizing risk. Each issue feature fundamental and technical trading strategies, updates on technical analysis techniques, technology and market news that affects traders. It also includes in-depth global market news, analysis of market prices, managed money and fund reviews, people news, industry trends, new products, software and book reviews and more. Trader's Journal is the industry’s premiere publication that devoted to educating and training serious traders on daily, weekly and long-term market analysis and strategies.

Posted on August 2, 2009 at 2:00 in Announcements,


Education by James ChenI look forward to meeting everyone who will be at the Forex & Options Expo at Caesars Palace, Las Vegas in a couple of days. On Monday, August 3 at 10:00 AM-12:00 PM, I will be leading an open seminar entitled, “High Probability Breakout Trading in the Forex Market.” It will feature effective professional techniques for trading and managing forex breakout opportunities. Here is the link for more details: http://www.moneyshow.com/lvfx/WorkShopDetails.asp?wkspid=1C565A972C0E408C906EB11624490B12 . Thanks, and hope to see you there!

- James Chen, CTA, CMT

* I will be key speaker at FXstreet.com’s International Traders Conference in Barcelona, Spain in October 2009 - for more information, please go to: www.traders-conference.com .

* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.

* Follow my intraday forex updates on Twitter: http://twitter.com/JamesChenFX

Daily Market Commentary


EUR/USD Continues to Slip Towards 7/20-7/28 Lows


Friday’s large pullback is following through into Monday while the S&P futures continue to dangle just above their highly psychological 1000 level. Friday’s pullback came on abnormally large volume, giving ample reason for the EUR/USD to continue its slide today. Weakness in the EUR/USD comes despite better than expected French Industrial Production data. However, positive data from the EUR/USD is likely giving the Euro relative strength, as exhibited by the bounce taking place in the EUR/GBP. We recognize similar downturns in both the GBP/USD and gold as well, indicating a broad-based market weakness. The USD/JPY is also trading lower today, deviating from Friday’s theme of a stronger Dollar. Meanwhile, crude and the S&P futures are holding strong above their psychological levels, $70/bbl and 1000 respectively. The continual strength in the U.S. marketplace despite the overall appreciation of the Dollar is puzzling. Could the Dollar’s latest round of appreciation indicate an approaching pullback in the S&P futures, or are the crisis-prone correlations shifting? We will closely monitor the S&P’s correlation with the Dollar for any sort of confirmation. There is always the possibility that an appreciation in the Dollar was overdue and doesn’t detract from the S&P’s rise.

Meanwhile, we shifted our trend lines to form new 1st tier and 2nd tier uptrend line. The EUR/USD is quite a ways from our 2nd tier uptrend line. However, if the EUR/USD can’t stay above our 1.4155 support a pullback towards the 2nd tier seems probable. Our 1st tier turned 3rd tier uptrend line is reaching an inflection point with our 1st tier downtrend line. Therefore, there’s the possibility of heightened volatility over the next 24 hours. While we maintain our negative outlook on the EUR/USD for the immediate term, the EUR/USD’s medium-term uptrend still has two uptrend lines and the psychological 1.40 acting in its defense to the downside. As for the upside, the EUR/USD will just build more obstacles to the upside the more it declines. The immediate-term hurdles to the upside are intraday highs and our 1st tier downtrend line. A recovery into the meat of the 7/20-7/28 trading range could be a positive develop and allow the EUR/USD to build a new base. However, Friday’s high volume shows immediate-term momentum is still in favor of the downside


GBP/USD Sinks Towards its Psychological 1.65 Level


The Cable snapped after August 3rd lows failed to hold their ground. Friday’s sell-side action was simply too much for the currency pair to handle, and the GBP/USD has proceeded to flop towards the 1.66 area as we anticipated. There’s continual downward pressure on GBP/USD and EUR/USD as FX investors head for safety. Meanwhile, the Pound is experiencing relative weakness in light of the BOE’s $84 billion QE injection last week, as indicated by an upturn in the EUR/GBP. However, even though further immediate-term losses in the GBP/USD appear likely, the currency pair has a strong support zone approaching. The Cable has experienced immense consolidation around the 1.65 level in the past, and there’s no reason to believe this behavior should change any time soon. Therefore, with 1.65 and our 1st and 2nd tier uptrend lines within reach, we believe any immediate-term losses could be halted by these technical cushions. In the meantime, crude and the S&P futures are consolidating above their respective psychological levels, $70/bbl and 1000. As long as these investment vehicles hold strong, the Cable should forego any further technically significant setbacks. Meanwhile, investors should keep an eye on sell-side action to deem whether the Cable’s pullback has the juice to drop below its aforementioned technical cushions.

All is quiet on the data front until Britain releases its BRC Retail Sales Monitor and RICS House Price Balance numbers late Monday. A continual rise in housing prices could help solidify a temporary bottom in the Cable. Furthermore, investors will keep a close eye on key Chinese economic data. We could witness a broad-based Dollar depreciation if the Chinese numbers come in better than expected. China is helping pull the entire global economy out of the gutter, so outperformance in China could lift both the Pound and the Euro. Meanwhile, we’ll monitor the Cable’s correlation with the S&P futures since we witnessed a large appreciation of the Dollar on Friday despite stability in U.S. equities. Though we are not tossing the GBP/USD’s positive correlation with the S&P futures, we are certainly monitoring the situation closely.

As for the upside, an encouraging development would be for the GBP/USD to solidify above our 3rd tier uptrend line. However, the Cable has quite an uphill battle, including July 31st highs and our 2nd tier downtrend line. On the other hand, any climb above our top 1.6651 resistance could result in an additional immediate-term pop in the Pound. We maintain our negative immediate-term outlook on the GBP/USD, though losses should be limited with strong supports on the horizon. The Cable’s medium-term uptrend is still safe, and the currency pair would need a hefty technical reversal to alter its path.

FXstreet.com (Córdoba) – GBP/USD bottomed today at 1.6430 reaching the lowest price of the current month. From there the pair started to recover and now is testing levels above 1.6475. Despite recent recovery Cable is 1.15% below today’s opening and is accumulating a decline of more than 500 pips since it reach a 9-month high at 1.7030 last week.

The FastBrokers Research Team affirms: “All is quiet on the data front until Britain releases its BRC Retail Sales Monitor and RICS House Price Balance numbers late Monday. A continual rise in housing prices could help solidify a temporary bottom in the Cable. Furthermore, investors will keep a close eye on key Chinese economic data. We could witness a broad-based Dollar depreciation if the Chinese numbers come in better than expected. China is helping pull the entire global economy out of the gutter, so outperformance in China could lift both the Pound and the Euro. Meanwhile, we’ll monitor the Cable’s correlation with the S&P futures since we witnessed a large appreciation of the Dollar on Friday despite stability in U.S. equities. Though we are not tossing the GBP/USD’s positive correlation with the S&P futures, we are certainly monitoring the situation closely.”