WORLD FOREX INFORMATION

Forex: Gold prices retreat further and Dollar soars

2009-12-07T05:47:00.000-08:00

Gold prices have taken a break after a sharp rally last week - gold soared from $1,137 oz on November 27 to all time high at $1,1226 on December 4, to retreat after upbeat U.S. employment figures, reaching levels at $1,135 oz low on Monday's European session, the Dollar, meanwhile, has soared across the board shrugging off previous weakness.

EUR/USD which has been rather correlated with Gold prices, reached 1.5141 high November 3, four pips short of 15-month high at 1.5145, and the pair dropped about 260 pips after U.S. NFP figures, reaching a session low at 1.4820, which has been broken today, with the Euro hitting a fresh one-month low at 1.4755.

AUD/USD, another gold-related cross, reached 0.9325 high on December 3, and the pair plunged on U.S. session from right below 0.9300 to 0.9110 low, to extend downwards on early European session, reaching 0.9050 low.

GBP/USD dropped on Friday from 1.6675 high on Friday to 1.6420 low on widespread Dollar strength after U.S. NFP figures were released, and the pair has weakened further on early European session to 1.6330 low.

Forex Analysis

2009-12-07T05:36:00.000-08:00

USDCHF stays in a trading range between 0.9917 and 1.0222. Further rise to test 1.0222 resistance would more likely be seen later today, a break above this level could signal another bounce to 1.0300 zone. Key resistance is located at 1.0338, only break above this level will indicate that the longer term downtrend from 1.1021 (June 24 high) has completed at 0.9917 already.

EURUSD Analysis.
EURUSD continues to trade in range between 1.4801 and 1.5144. Lengthier sideways movement in the range is expected in a couple of days. Support is located at 1.4801, below this level will signal deeper decline to 1.4700 zone.

GBPUSD Analysis.
GBPUSD has formed a short term cycle top at 1.6721 level on 4-hour chart. Deeper decline towards 1.6271 previous low is now in favor. Resistance is at 1.6565, as long as this level holds, downtrend from 1.6721 will continue.

USDJPY Analysis.
After breaking above the falling trend line on 4-hour chart, USDJPY bounced sharply to as high as 90.76 level. Further rally is still possible later today and next target would be at 91.50-92.00 area. Support levels are at 89.25 and 88.85.

WORLD FOREX: Dollar Falls Vs Yen As Japan Exporters Take Profits

2009-12-07T05:32:00.000-08:00

TOKYO (Dow Jones)--The dollar fell against the yen in Asia Monday, as Japanese exporters took profits on Friday's sharp rise in the greenback on the back of stronger-than-expected U.S. employment data.

The dollar fell about three-fourths of a yen to an intraday low of Y89.76 Monday, compared with Y90.50 in New York late Friday. At 0450 GMT, the dollar stood at Y89.84.

Traders said the dollar could fall further if Japanese manufacturers keep selling dollars ahead of their planned book-closing at the end of December, or if long-term interest rates in the U.S. increase, hurting the nation's stock markets and economic growth.

"Because many Japanese companies have set their in-house foreign exchange rate at the Y90 mark, there seems persistent dollar-selling pressure around that level," said Yuzo Sakai, a foreign-exchange manager at Tokyo Forex & Ueda Harlow.

Although Friday's U.S. jobs data added to signs that the U.S. economy is improving, Sakai said the dollar could fall to as low as Y89.50 in the near term.

Foreign exchange market participants are also paying close attention to the U.S.'s planned auctions of government securities this week. Weak demand for bonds could lift long-term U.S. rates, which could darken the outlook for the U.S. economy and possibly dent demand for the dollar, dealers said.

"The dollar may come under even stronger selling pressure if the U.S. bond market sees a bad rise in long-term yields due to oversupply concerns," and if such yield gains cause U.S. share prices to fall, said Yuji Saito, head of foreign exchange at Societe Generale.

The U.S. government is slated to auction $40 billion worth of three-year notes on Tuesday, $21 billion in 10-year notes Wednesday and $13 billion in 30-year bonds Thursday. The 10-year U.S. Treasury yield stood at 3.474% as of 0450 GMT.

While most dealers expect the dollar to fall in coming days, some in the market warn that the greenback could get a boost if U.S. Federal Reserve chairman Ben Bernanke sounds optimistic about the nation's economic outlook in his planned speech later in the global day. Bullish remarks from the Fed chairman could fuel speculation that the bank may change its super-easy monetary policy stance, possibly lifting its policy rate by the end of June, those dealers said.

Meanwhile, cross-trading pressure from the dollar's decline against the yen caused the euro to fall against the Japanese currency. The single currency touched an intraday low of Y133.68 compared with Y134.29 late Friday in New York.

However, the common unit was slightly higher against the dollar at $1.4890, compared with $1.4847 in New York.

Interbank Foreign Exchange Rates At 23:50 EST / 0450 GMT
Latest Previous %Chg Daily Daily %Chg
Dollar Rates 2150 GMT High Low 12/31
USD/JPY Yen 89.84-89 90.27-33 -0.48 90.38 89.77 -0.84
EUR/USD Euro 1.4890-94 1.4851-53 +0.26 1.4898 1.4852 +6.52
GBP/USD Sterling 1.6482-86 1.6424-30 +0.35 1.6505 1.6425 +12.69
USD/CHF Swiss Franc 1.0143-47 1.0165-71 -0.22 1.0173 1.0142 -4.93
USD/CAD Canadian Dlr 1.0553-56 1.0562-65 -0.09 1.0578 1.0534 -13.25
AUD/USD Australian Dlr 0.9157-59 0.9132-35 +0.27 0.9171 0.9116 +29.46
NZD/USD New Zealand Dlr 0.7173-78 0.7150-55 +0.32 0.7188 0.7147 +22.93
EUR/JPY Yen 133.79-84 134.05-09 -0.19 134.35 133.68 +5.65

Forex banker alarm at US plan for clearing

2009-12-06T22:42:00.000-08:00

Foreign exchange bankers reacted with alarm yesterday to proposals from Barney Frank, the powerful chairman of the House financial services committee, that would require trades in currency derivatives to be processed through a centralised clearing system.

Bankers said the proposals would introduce systemic risks into the financial system and that the sheer size of the market would dwarf the risk that could be sustained by any clearing house.

About $3,200bn of currency is traded daily around the world. About two-thirds of that trade is in derivatives that are used frequently by companies during the normal course of business to hedge the risk that currencies move sharply between a deal being struck and completed.

Bankers say that companies would face higher costs for these hedges under centralised clearing and that potentially they could be required to post extra collateral.

However, some large users of currency hedging said yesterday they were unconcerned by the putative change, having calculated that the potential increase in cost would be "marginal" and outweighed by greater security and price transparency.

The proposals was made by Mr Frank, outlined in an interview with Risk magazine, as lawmakers and regulators tussle over the detail of legislative proposals governing the vast over-the-counter derivatives market.

Some companies have shrugged off entreaties from their banks to lobby members of Congress over derivatives reform, concluding that their interests could be better served by the broad shift to central clearing and exchange trading.

Others, such as Caterpillar this week, have argued they face costly margin requirements under some versions of the regulatory reforms now under way.

Mr Frank said that mooted exemptions for foreign exchange trades from the OTC market reforms being considered by US Congress would not be adopted.

"The administration had asked for that amendment, but we are going to take away the exemption for foreign currency [swaps and forwards]," he said. Mr Frank's office confirmed that he would seek to remove the exemptions.

Why is Forex Trading so Hard?

2009-12-06T22:41:00.001-08:00

As the Forex Market is so big, there must be room within it for you to make a profit especially as there are so many so-called great trading tools and techniques available.Unfortunately, this is not the case and you need to view this business in a different way to understand why.

As stated, the daily turnover of the Forex Market exceeds well over $3 Trillion dollars. This colossal figure is the total sum of all the transactions traded worldwide on any given day that are initiated by a massive number of participants, each having their own agenda. In addition, some of these Forex traders are large corporations and governments who have substantial budgets at their disposal that may well exceed billions of dollars. They can generate, just on their own, very large movements in currency pairs (spikes) by the sheer size of their transactions and can do so without providing any prior warning to the rest of the market.

How does this affect you? Well, consider this sequence of events as an example. Supposed you have initiated a Forex trade, which after a number of hours of hard work, is proceeding in your intended direction as planned. You decide to take a break and maybe even brag to your partner about your latest success. After 10 minutes or so, you return to your PC station only to discover that a massive reversal has occurred completely obliterating your position including any potential profit. This type of event can happen frequently with no prior warning of any type.

Now suppose you decide to enter the fray with the princely sum of $1000 (one thousand dollars), you would quickly realise that the Forex Market is the equivalent of a hurricane tossing you about like a rustic leaf. One famous Forex advert used to say that if you do not trade Forex then you are leaving someone else to pick up $5 bills of the marketplace floor. In reality and if you had been actively trading in those days, the aforementioned $5 dollar bills would more than likely have been yours.

In fact, after trading for a while, you can quite easily become paranoid developing a feeling that Forex is haunting you personally awaiting to crush your next move without mercy. So, is it possible for an individual with limited resources to make profits trading Forex? Yes, it is but to do so you may need to fundamentally change the way you view the Forex if you have not achieved any success to date.

This article is one of a series comprising a course that is designed to show you how to achieve this task and also how to produce your own successful Forex Trading System. One article a day will be posted on the DailyForex.

Trading Systems for the Forex Market

2009-12-06T22:40:00.000-08:00

A trading system is a set of rules, usually based on technical indicators, that defines when a trader enters and exits trades. In addition to increasing profitability and limiting risk, a trading system removes emotion and subjectivity from trading decisions.

All traders should use a trading system. However, no one system works in all types of market conditions. As a result, the Forex trader needs two or three systems at their disposal and must know when to switch among them.

The main types of trading systems are trend-following, counter-trend or range, breakout or counter-breakout, and pattern recognition.

Trend following systems are the most common type of system that traders use. They can be very profitable because within a strong trend, moves are often large ones. Trend following systems buy high and sell higher as prices move upwards. One example of a trend following system is a moving average (MA) crossover approach. A trader would buy when a faster MA crosses above a slower MA. In this example on the three-hour Euro chart, you can see three buy points as the 20 EMA (in purple) crosses up above the 50 EMA (in red). You also have one sell point where the 20 EMA crossed below the 50 EMA. All these trades would have been profitable had you trailed your stop.

While trend following systems work well within a strong trend, they cause whipsaws when the market is moving sideways. Notice the circled area on the chart in November. Following the system would have resulted in four unprofitable trades.

In a market moving sideways, the trader needs to switch to a range or counter-trend system. Ranges can be horizontal, ascending, or descending, but they all have a definable top and bottom. There’s greater risk in this approach because you’re trying to pick tops and bottoms—in other words, you’re trying to buy-low and sell-high. Counter-trend systems often involve the use of such indicators as RSI, MACD, and the stochastic, looking for overbought and oversold conditions. They can also use divergences between price and indicators, or crossovers in Bollinger Bands.

Look at the Euro chart below. I’ve added Bollinger Bands to the same three-hour chart during the sideways period in November. Here you’d sell when price touched the upper band and buy when it touched the lower one. It looks simple enough. Remember, though, that counter trend trading carries significantly more risk. As a result, you should always look for other, confirming evidence. (Frankly, even with trend following systems I look for additional evidence for entries.) In this case, note the difference in candle behavior on the last trade that failed. Instead of the upper shadows that the prior candles displayed when they touched the top of the bands, you see stronger candles forming with no upper shadows.

Forex Broker Reviews Site Launched

2009-12-06T22:35:00.000-08:00

Tel Aviv, Israel, December 03, 2009 --(PR.com)-- Forex Explore is a forex portal dedicated to all traders around the world. This site brings a collection of comprehensive forex broker reviews and rating. Recommended forex brokers listed are constantly monitored and broker reviews are updated accordingly.

Along with full reviews, visitors are able to post their experiences with any forex broker on the site. Specializing in forex exchange market, Forex Explore is the leading resource to answer all trading questions and choose the best forex broker. The site contains information, articles, currency exchange latest news, tools and strategies to help a beginner to get started in the vast world of financial markets.

Trading on Hold

2009-10-19T04:07:00.000-07:00

It turns out that our demo server has been crushed by a bad motherboard and other issues, so all of our trading robots will be on hold for a few more days. We will post our results as soon as we have it back on line.

Take Off Robot +219%

2009-10-19T04:06:00.003-07:00

What else can we say about this Forex trading robot. It is now up 219% and who knows where this robot will go at this point. The settings have been great, giving us great gains when the market is moving in big swings. When you are trading currency pairs like the beast, you always need big movements to have nice gains

Forex Robot Trader Performance

2009-10-19T04:06:00.001-07:00

We will start monitoring results as of May 4, 2008.
Our setup – Demo Account at InterbankFX
Starting Balance – $10,000
Money Management turned on so our amount of lots trade will increase as we make money and decrease as we hit draw downs.
We are trading 10 currency pairs.
All of our settings will be default.

Our Rules – We will run the robot continuously in a Forex Auto pilot mode and not touch it unless we run into a software problem. The robot will be active during every news event as well. We will update this page as the results come in over the coming months.

Here is a look at the platform on Day 1. We have already entered a few trades. None of them have closed yet

Forex Robot Trader Review

2009-10-19T04:05:00.001-07:00

We got off to a fast start setting the robot up only because we know the Metatrader platform. For novices this setup can be pretty complex and it will require patience. Don provides several tutorial videos and write ups to help you get through the initial setup. Once you are all setup there is not much else to do except watch the software in action. Setting this robot up will help you learn the platform as well. With the amount of programming the fee of $199 seems very reasonable. Now all we have to do is make a profit and we can say the $199 is very cheap.

Forex Robot Software

2009-10-19T04:04:00.002-07:00

We are pleased to offer you information about the Forex robot software created by Don Steinitz. After many emails with Don, we are excited to share with you, our review and performance of this trading robot. You don’t always know who are dealing with when buying a product, but Don was very open and very responsive to all our questions. We worked out a way so we can share the performance of this trading software and hopefully prove to you that it is one of the best robots on the market.

Robot Consolidation

2009-10-19T04:04:00.001-07:00

After reaching new highs with our demo robot, we have taken a step back in this consolidation of the Sterling Yen. We will look to get back on track tomorrow. The $5,000 account which reached highs of 66% is now only up 20%. A lot can happen in a couple of trading days.

Netpicks.

2009-10-19T04:02:00.000-07:00

Are you looking for a Forex Signal service provider? Not all signal providers are created equal.

Netpicks.com is one of the major players that has been around for a very long time. A lot of signal providers come and go, but Netpicks has stuck it out because there systems are always evolving with the markets.

You will need to try there free trial to be sure if it is for you or not. We will never guarantee you will make money with a signal provider, but you can be sure this is not a Forex scam of some sort. There are plenty of them out there, but Netpicks has great customer service behind it.

Forex Trading Results – Posted April 28, 2008
Last 30 Days = 903pips
Last 90 Days = 1743 pips
Last 180 Days = 3257

The results doesn’t mean you will start receiving the same yourself. We want you to know that they have had positive results in the past. Always do your due diligence. This way you protect your capital for the long run.

Included with their Forex package is a e-mini futures trading signal service that you may be interested in if you are a futures traders. We can’t speak too much about this service since we never used it before. That is why they have a 14-day free trial to help you decide if it is worth paying for.

Options Trading with Zecco

2009-10-19T04:01:00.002-07:00

A stock option gives an individual the right but not the obligation to buy or sell a stock at a pre-determined price. With that said, most people simply trade options for profit rather than buy them to end up owning the stock. Option prices generally move in conjunction with the parent stock.

The beauty of options is that you, as a trader, are able to capitalize on the movement of some of the hottest stocks trading for only a fraction of the price of the stock itself. One of the most exciting things about having your account with Zecco is the trading community. You’ll be there on the cutting edge with thousands of other traders, many of who are more than willing to share the hot picks of the day. This alone makes having an account with Zecco a no-brainer.

We’ve really just scratched the surface when it comes to the advantages you’ll receive with Zecco as your online broker. Why not take a closer look for yourself.

Trading Stocks with Zecco

2009-10-19T04:01:00.001-07:00

Of course, you’ll have access to every major market in the United States. And while many online brokers have become reluctant to allow clients to trade micro cap issues, also known as penny stocks, Zecco is more than happy to facilitate your trades. Micro caps are often known for their volatility. And it’s volatility that makes the way for profits. Doesn’t it make sense to have yet another tool in your trading arsenal? Trading penny stocks with Zecco just might be the tool that makes the difference for you

Forex Trading with Zecco

2009-10-19T04:00:00.000-07:00

The object of trading securities of all types is to buy low and sell high or to sell high and buy back at a lower price. This is also the name of the game with Forex trading. The concept is simple. Forex trades are carried out in pairs. In the simplest of trades an individual might buy one currency while selling another. For example, if you were to buy US dollars when they were rising in value against the Canadian dollar, you would want to later sell those dollars before they begin to drop to realize a profit. Simple.

Zecco offers folks new to currency trading easy-to-follow tutorials. Not only that, but you’ll receive $50,000 in virtual funds to ‘get the hang’ of real time trading. You’ll also receive 24-hour phone and chat support (the Forex market is open 24/7).

Zecco Review

2009-10-19T03:59:00.000-07:00

There’s an online stock brokerage firm that’s starting to get noticed in a big way, and for good reason. The company is Zecco. At Zecco.com you can trade stocks, stock options, and exchange foreign currencies, better known as Forex trading.

But Zecco offers much more than just one of the most robust trading platforms in the industry. What makes this company stand out from the others is the trader’s community. Zecco maintains an active message forum where people share profitable trading ideas. We’re not talking about a ghost town with just a few members or topics, but a thriving group of active traders sharing ideas 24/7.

If Zecco stopped there they would be light years in front of the pack but they don’t stop there. There’s an extensive quotes and research section, along with an education section, charts, alerts, and a lot more. And if you’re an active trader your trades are absolutely free! But even if you aren’t all that active the price for a trade is only $4.50.

Opening an account with Zecco is easy. In fact, if you cringe at the thought of filling out those endless forms the other brokers require, you’re going to love this company. Most people are able to have the entire process complete in less than 10 minutes.

And Zecco doesn’t leave you high and dry when it comes to customer service. If you have an issue with your account, a trade, a technical matter, or anything else, their live customer service is there for you. And it goes without saying that they also maintain excellent email and chat help as well.

Robot Up 83%

2009-10-19T03:58:00.000-07:00

Two great days in a row put our demo trading robot up 83% since our inception no so long ago. We have attached our trading sheet since the start to show you the low amount of draw down and positive gains we’ve seen. Our account value is now at $9168 going into the weekend. We will try to go for our goal which is too double our money.

If we see a successful trade on Sunday night going into Monday we will be real close to the 100% mark. The beginning of the week was real tough for us, but when you put two winning trade together in a row, it makes up for it much quicker.

FXCM Broker Review

2009-10-19T03:57:00.001-07:00

FXCM is a very powerful broker option. Behind this fantastic platform is a company in the forefront of the Forex market. FXCM offers many advantages to it’s traders including great spreads and excellent execution. With fantastic customer service FXCM ranks as one of the best in the business.

Opening a demo account is very easy with just a quick download and install. Once that is done you are ready to start demo trading.

You have a very nice and clean looking platform that gives you all the items you need to execute a trade.You have the option of single click execution, but of course you can set your orders as limits, market orders or just about any standard order entry available today. The charts are fairly basic, but work well for most traders.

Best Forex Broker

2009-10-19T03:56:00.002-07:00

Who is the best Forex broker? This is a tough question to answer and most people will say, it depends on a several things.

1. Trading Style
2. Spreads
3. Customer Service
4. Reputation and Trust
5. Platform stability and execution

These are all important, but what it comes down too when finding the best forex broker, is the comfort you feel when you trade with a broker dealer. You may also want to try eToro for a different take on Forex. Satisfaction…

List of Forex Broker Reviews

2009-10-19T03:56:00.001-07:00

See the examples below of our Forex Broker reviews and start trading with confidence.
FXCM Review

FXCM Trading Review
FXCM is a leading dealer in the Forex Industry and there are many reasons why. This regulated broker has all the things you want in a Forex Broker. There platform is made for the institutional traders, but perfect for the small trader as well.

1. Spreads as low as 2 pips
2. No dealing desk platform
3. Top-tier customer service
4. Micro Accounts

Forex Market Brokers

2009-10-19T03:55:00.002-07:00

When it comes to Forex trading, finding the right Broker could be the difference between success and failure!

How to choose the right Forex broker for you? A practical guide for putting your Forex dealer to work for you instead of against you. Many successful traders have had their accounts frozen at low level bucket shops because they did not perform sufficient due diligence before risking their hard earned money. Here at forexnewstrader.com, with the help of Forex Cash Back, we have done the grunt work for you.We leveraged our 20 years of financial markets experience and put together a special report that will open your eyes to the many intricacies involved when choosing a Forex broker. This report will show you a well hidden secret that will enable you to reduce your spreads by as much as half a pip regardless of the dealing firm that you trade with. Obtain your 30 page guide immediately! This report will show you:

How to receive an instant bonus on your deposits?
Factors to look for to make sure your dealing firm is reputable and safe
How to enhance the safety of your funds?
How to receive volume rebates on your Forex trades?
How to find the right Forex broker for your particular trading style?
How to find a good regulated Forex Broker
And much, much more.
The Form above will get you access to the special report.

Forex Bonus Cash

2009-10-19T03:55:00.001-07:00

You may be asking, what the heck, why am i not receiving a Forex Free Bonus. First you need to figure out even if your broker offers them. Most likely you have to go to an Introducing broker (IB) for these bonuses, but for sign up deposit bonuses, you most likely can go directly to the broker. Just remember, are you the up front kind of trader or are you the type of trader that wants to keep getting paid, win or lose on your actual trading stats with a cash back system.

2. Forex Trading Rebates

2009-10-19T03:54:00.002-07:00

This has been discussed heavily on the site, but Forex Rebates is going to be the norm whether you are involved or not. The line is forming and the brokers are listening. Traders don’t want to pay full price for their trades anymore. They want to work with an Introducing Broker that offers trade rebates. This is a Forex Broker Bonus that keeps on giving. As you make trades you receive a piece back into your trading account or in other ways people payout, like Paypal or check. This is cushion money and it builds up fast. You make a one standard lot trade and you can be earning $6 – $12 for just opening and closing the trade. This is fantastic and it is a win win for every one, especially the trader. Forex Trading rebates will go a long way and to make sure a Forex broker keeps you on board, this is one of the major tactics that is being explored by more and more people.

1. Forex Deposit Bonus

2009-10-19T03:54:00.001-07:00

What if you were to send someone $100 and they call you the next day and say, hey you just sent me $110, but I thought I was only getting $100. Obviously this person was not only excited, but was also intrigued by this gesture. The point is, what if you received a percentage of free cash into your trading account for only opening a new account with the broker. The brokers gesture is to make you happy of course and to have you stay with them for the long haul. They don’t want to see you leave soon after opening for another firm, they want you to stay for as long as you can. This Forex account bonus can go a long way in this type of trading environment. Usually what will happen as well, is if you were unfortunate to lose most of your trading money, they may send you a message asking you to make another deposit and a long with it another bonus. This is more of a reload bonus then a sign up bonus.

Forex Bonus

2009-10-19T03:53:00.002-07:00

You finally decided to open a Forex Trading Account with one of the brokers in the industry only to realize you didn’t take advantage of the free Forex Bonus Cash being offered by several of the different dealers. In currency trading every penny is important to the sustainability of your trading career. Too often traders get wiped out and never come back again. If you are going to trade you must have an edge and this is something we can’t stress enough. Free cash is an edge to the furthest degree. Making money every time you trade or receiving a free sign up bonus is a major plus. We have two options for you to hear about that may have you ask your broker or Introducing Broker some questions. Don’t just sit back and be the quiet trader, let them hear your voice. They want your business and for them to get it, you have to be happy. People pay big bucks to have good customer service and when you get free money usually they are thinking about you. There intentions are smart, but if you don’t take advantage then it doesn’t really work out for you.

There are two types of Free Forex Bonus Cash

1. Forex Deposit Bonus

2. Forex Trading Rebates

Positive Start to the Week

2009-10-19T03:53:00.001-07:00

A nice start to the week for our robot. We took one trade last night and it was on the short side. The trade only took a few hours to reach our target profit point. Unfortunately we had to restart our demo robot, but at least we can just start it from scratch. We have only traded a few days with this one, and we are up 11%.

New Forex Alerts

2009-10-19T03:52:00.000-07:00

A lot of Forex Signal providers will send out Forex Alerts using an SMS system that will send the signal to your email, cell phone, or any other device that can receive these types of messages. The one thing you need to consider when signing up with a Forex Alert provider is to know how well the alerts are sent to you. If you are getting the Forex signals too late, what good is it to you and your bankroll. Once you find a signal provider be sure to ask them the appropriate questions on delivery times and guarantees. This is one area that may cost you more money than you want.

Having a good provider is nice and will improve your daily time schedule since you won’t have to sit at your computer all day. Even better is if your Blackberry or Iphone can make trades for you, then you won’t even need a computer at all. This is a huge factor.

Finding the programs out their can be difficult, but make sure your due diligence is involved. Keep the provider in check so ask all the appropriate questions. If you get solid responses then most likely a free trial is well worth it, especially on a demo trading account.

If you find a good alert provider please let us know more and we will let more people know, just fill out the contact form on the contact page.

GBPJPY Trade

2009-10-19T03:51:00.000-07:00

We are still monitoring the breakout robot for the Pound Yen. Today turned out a bit strange due to the closed market for the Easter holiday. I think the robot got a bit confused and used the wrong high/Low for this trade. Although we made over $230 on this trade, we should have had the whole target profit in our account. These things happen sometimes, so we need to monitor it around in the future around holidays.

Pound Japanese Yen

2009-10-19T03:50:00.000-07:00

Using these robots is quite fulfilling when they work out. Here we go again. We took two trades last night, one for a lost and the other reached our target profit. The great thing about it reaching the target point is that it retraced 50% after it hit. Getting all the mileage we needed before a turn around is nice. The trailing stop was there in case we needed it, but in the end we made out well. This demo account is now strolling in the green again. We started with $5000.

Pound Yen Trade Day Nine

2009-10-19T03:49:00.000-07:00

The beast was tamed last night for sure. After nine trading days, we finally saw the power of the trading robot and keeping the emotions out of it. We knew once the GBPJPY broke out of it’s tight range, that the system would follow through too the end. The demo account took one trade and never looked back giving us a full target of 185 pips. Our account is now in the green by $1674.49.

We waited several days for this too happen. We were close on several occasions, but with the beast’s latest range, it made it very difficult. During the days or weeks when we are in a range without too many breakouts, you usually find yourself in some rough patches, however we never had too much drawdown with this trading system. We will continue testing this strategy next week to see if we can continue the success. If you would like more information on this strategy please contact us by using the form above or on our contact page.

Forex Summer Trading

2009-10-19T03:48:00.002-07:00

Sometimes it is best to sit on the sidelines when the trading is thin and the volume isn’t enough to even make a candle stick move. You often hear the term, it is like watching paint dry. Well, the truth is, when the volume is low, especially in the summer, it is like watching paint dry. This is the time to sit out and research or work on new ideas. It is not worth losing what you already made and if you are already in the whole, you may just be adding to your loses.

If you have a trading method that works in any type of market, great stick to it, but if you have a volume traded method, don’t be mad when you see the strategy fail in the summer. August can be the hardest month to trade in. The time markets move with volume is during news times. We like news trading, but if your trading style is not predicated on trading the news, then again, sit on your hands.

Not trading is one of those emotional plays that may creep up and tell you just do it, it could work. It is only until after you lose money that you say, darn, I should I have sat on my hands.The temptation is always there, but if you could stay out most of the time, yest you won’t make any money, but you won’t lose any either.

A buddy of mine once said, no risk it, no biscuit, but this one of those days that I would rather shut down the platform and go out for breakfast or even workout. Study and research and if you must trade try it with a free demo account. Forex trading is a tough ride and playing the markets in tough conditions can be detrimental on your account, so please only trade where you see a great opportunity or when the volume has really picked up. If you are using a Forex Signals service ask them what they think about trading in the summer months.

MetaTrader Expert Advisor EA

2009-10-19T03:48:00.001-07:00

Why Metatrader is the best way to trade Forex?

Many Forex traders that enter the market are clueless on how to trade. Most, if not all Forex brokers offer demo practice accounts to get you adjusted to their platform. The great thing is a lot of them are Metatrader brokers. This means their core platform comes from a company called Metaquotes. These brokers more or less lease the software and allow the traders to build their trading strategies.

The most powerful thing you can do with this software is create your own trading strategies and program them into an Expert Advisor or EA for short. These EA’s are state of the art and allow you to auto trade the strategies. Auto trading is a phenomenal thing, in that you don’t have to be at your computer for trades to open and close. The stability of the platform is fantastic and the only thing that may carry some worry when you are not present is your Internet connection.

The top 10 reasons why you should use the Metatrader ( MT4) platform:

1. The Metatrader platform is versatile and very stable.
2. There are plenty of Metatrader brokers to choose from.
3. You can find metatrader expert advisor programmers to create your strategies into EAs if you can’t do it yourself.
4. If you look hard enough you can find free meta trader EA’s.
5. The software is free to demo with for as long as you want.
6. You can create your own Forex Trading Robot.
7. You can create as many Trading templates as you wish.
8. You can manually back test all the strategies you plug into the system.
9. The charts are very clean and very easy to read.
10. The reporting gives you full statements and information without logging into a broker website.

So, why wouldn’t you use Metatrader as your platform for your Forex trading? The only real way to know if this platform is for you is to open a demo account and start practicing with it. Metaquotes

Trading Currencies

2009-10-19T03:47:00.002-07:00

Now that we are in September I think it is time to really start looking at some news events. This Friday we will have a very important NonFarm Payroll event that could move the market significantly. Based on last months move, this one could be bigger if the numbers are in the right spot. This event is still our favorite event of the month and most likely it will stay this way for a long time. Trading currencies versus trading stocks at the release of the news event is always in the Currency favor due to the fact that the stock market isn’t even open for trading at 8:30am. When the news comes out all the pairs will be ready for the traders move.

Some brokers are better than others when it comes to the actual data feed, so you may need to change brokers to get the best fill. If you trade soon after the news comes out, more on the secondary move, then it shouldn’t matter which broker you are looking for. Forex Signal providers still offer you their fast action trading software to make a move on the market right at news time. This method has been used for years and still does well.

Over time trading becomes a place where you pick your spots and you try to make money. Don’t force the issue and trading will come a lot easier. In the up coming trading days as volume picks up pay attention to the movements around news time and see if they are more fluid then in the past couple of months.

Good Luck.

Forex Auto Trading

2009-10-19T03:47:00.001-07:00

Forex Auto Trading is a fantastic way to trade for people who have too many emotions or can not be in front of their computer all the time. Autotrading will give you the freedom to test as many robots or EA’s as you wish without risking a dime.

We will go over some Auto trading robot’s and find the ones that work.

Trying to figure out which autotrade method will work for you may take some time, so you will need to be very patient and not get discouraged. The creation of demo trading allows us to test as many autotrading methods that are available to us, which is a fantastic thing.

Six Auto trading Methods that come to mind

1. Scalping auto trading
2. Breakout Auto trading
3. Pivot Point trading
4. Fibonacci auto trading
5. News Straddle System
6. Moving average crossover

Which automated Forex trading strategy is the best? We will work as hard as we can to find out. If at any point you have any questions or feedback please let us know so we can find an answer for you. Trading is an art and as traders we want to share our projects with you, whether they are worthless or profitable. You always need to keep in mind that past performance does not mean you will have the same future results.

Forex Alerts

2009-10-19T03:46:00.000-07:00

Forex Trading Strategies

2009-10-19T03:45:00.001-07:00

Looking for the perfect Forex trading strategy is a waste of time. No trading strategy is perfect for every trader. You can’t expect to win every trade you take. However, you can lose 99% of the time if the 1% that win are bigger gains than the losing trades combined. No one wants to lose 99% of the time. You need to be realistic with your methods. You need to work through the motions and don’t expect everything to come easy and perfect.

Forex News Trader can provide you with tools to help increase your trading performance over the long run. By using these techniques you will feel more comfortable and confident in your trading going forward.

There are plenty of trades during the week. If you miss a Forex Trade, another will follow shortly. Don’t force trades and don’t let emotions affect your outcome.

Forex trading strategies are a dime a dozen, so choosing the ones you want to use will take some time and effort. The great thing is you will be able to test as many strategies as you want.
Non Farm Payroll Trading Strategy

If you are going to choose a news trade to trade during the month, then the NFP announcement is your best option for movement. If the economic release comes in as expected, you will only see a fair movement on the currency pair you are trading (GBPUSD). If the announcement comes in better or worse than expected you can expect to see some fireworks. What looks to be a dud sometimes can work out to be one of your better trades. You need to watch for more than just the release. NFP Strategies can kick in at any moment. Watching a short term chart as the news comes out, wait until a support level and a resistance level are formed. Once either of these lines are broken, enter the trade looking for as much profit as possible. Once in profit, it is wise to move your stops closer to your opening price.

Remember, to keep the profits going in the right direction for your trading strategy, you need a few things working for you.

1. Having the right broker could be the single most important thing, especially when it comes to trade execution
2. If you want to lower your transactions costs, receiving Forex Rebates is a must. Start earning Forex Trading Rebates now.
3. Keep your emotions out of the trade and trade with a positive attitude.

Discover how I trade Forex just as critical news releases hit the wires...

2009-10-19T03:43:00.000-07:00

From the Desk of Dustin Pass, Professional Trader and Forex Funds Manager

Dear Forex Trader,

* Would you like to make more money with a lower risk of loss, in a far less stressful manner, and in a fraction of the time you probably devote to trading now...

* Would you like to get in on one of the most success moneymaking strategies of the big institutions...

* Would you like to avoid years of trial and error and financial heartache and trade like a professional Forex trader today, versus the other 99% of traders that fail and lose big time...

* Finally, would you like to be in and out of your trades in minutes versus hours or
even days...

To receive your FREE Forex "Live-on-the-News" Trade Calls, simply enter your name and email address in the form below...On the US ISM release, you will see the RSS software alerts to a revision / conflicting data which allows me to instantly get out of the trade and NOT LOSE where others may have lost big time.

*Trading Forex Live-on-the-News is actually quite simple when you understand how. You do not need a crystal ball or 15 years on Wall Street to get in on the action...*

All you really need to know is:

� What announcement will move the Forex markets significantly?*

� How to get news releases instantly without delays? *

� Where to find accurate forecasted numbers for the upcoming news?*

� How different the actual numbers must be from the forecasted numbers to move the market?*

� What does the number mean to the country's economy, and how will the currency react to it? *

� When to take your profits and cut your losses...*

There are over 500 Forex data news releases a month, out of those 500 news releases I concentrate on approximately 30. Of the 30 news releases I expect 15 of them to be tradable.

Sign up for your FREE Forex Trade Calls today... and discover how I have been able to make more money with a lower level of risk, in a far less stressful manner, and in a fraction of the time I used to devote to trading now...

Sign up for your FREE Forex Trade Signal Service today... and begin to discover the key dynamics of this trading system and learn more about our exclusive Rapid Signal Software (RSS).

To Your Trading Success,

Dustin Pass
Professional Trader and Forex Funds Manager

Forex Trading New System

2009-10-19T03:39:00.000-07:00

Developing a new Forex Trading System can take days, weeks, months or even years. Forex traders are always looking for the holy grail, but in the end it is up to you when it comes to trading. You are looking for an edge in the market and finding one can be quite difficult. As you know by now, we trade many different methods. We’ll be using our wick method using our Wick histogram indicator developed by “TRO”. This indicator made trading this method a lot easier and saves a lot of time.

We call this strategy the Wickity Whack Method or WWM for short. It follows price action during the day and can be traded at most times. Obviously certain times are better than others. This method can be used with any pair, but we’ve only tested it with the EURUSD.

There are a few reasons why we only use the EU:

1. The spread is usually low compared to other currency pairs which is important when scalping.
2. Movements are strong.
3. Wicks occur often enough so more trades are taken throughout the day.

The strategy is fairly simple in terms of what to do. The hardest part, is executing quickly enough in case you are not watching the market at the moment. The first thing you want to do is setup a five minute candle stick chart of the eurusd. We highly recommend you use the Metatrader platform for ease, not to mention that it is free. Multiple brokers offer this platform as a retail trading tool. All the brokers listed on this site have a Metatrader platform.

Once your candlestick chart is setup, whether you have the wick histogram indicator or not, all you’re looking for are 5 minute candles with wicks that are 10 pips or longer. If you see a wick that has a 10+ pip wick, then on the next candle you want to trade the reverse of the wick. Say the price is moving up and the wick forms pointing up. Then on the next five minute bar you will go short. You can either enter immediately or you can wait, giving the current candle some wiggle room to retrace toward the wick and then go short. Of course everything is the same for going long with the wick pointing the other direction.

Your goal is too scalp 5 pips or more. You can set a limit for this or you can use single click market orders to exit. Another method is to set a limit on half your position at 5 pips and then move your stop down to break even once the 5 pips is hit, so you can go after bigger profits. Sometimes you will only get as much as 5 pips, other times you can get dozens of pips. This is something you will need to test and demo, so you can get a better feel of how the WWM system works. Reminder: Don’t be greedy and let the Forex scalping work for you.

Should the trade go against you, you’ll have a stop loss, 2-5 pips away from the tip of the original wick you are trading against. The most you should place a stop for is 20 pips. If the original wick is over 15 pips, you should let the next candle retrace up the wick before entering. This gets you in a safer trade with less risk, but you may miss out on several good plays. Keep in mind anything can happen when trading so you need to act fast.

Here is a perfect setup for the WWM method:

Forex Scalping the WWM - You enter short at 1.3212 and it had 25 pip profit potential.
Going forward we will keep this page updated with some of our latest WWM trades. We will also include some live trade on Video.
01.13.2009
Here is a perfect trading session trading the wicks. You multiple opportunities to make trades, some were average size, but a couple of them had a lot of big time potential, if you sold half and moved your stop.
Scalping wicks all night long makes you a lot of pips

Weekly Forex News

2009-10-19T03:38:00.004-07:00

Using the videos created by FXDD, we will try to provide you with weekly videos of future events as well as provide you with the daily events when necessary. This will give you, the trader more information to help you. Each video will represent a week or day depending on which is available. At least this way you can come back to one spot for all your Forex video needs. Continue to Weekly Forex News.

Forex Rebates

2009-10-19T03:38:00.003-07:00

What are Forex Rebates? FX Rebates are a payout for the volume of trading you run through your Forex Broker. These rebates can add up to a significant amount capital if you are trading in the Forex Market. If you are going to trade, you might as well get paid to trade. You are going to pay a spread or commission either way you look at it, so it only makes sense to earn Forex Rebates as you continue your trading.

Forex Brokers

2009-10-19T03:38:00.001-07:00

Finding the right Forex Broker may be the difference in coming out ahead in the long run. FX brokers are your sole connection in this huge market and you have to put a lot of faith in them. We provide you with the top forex brokers and broker reviews to help you decide during this selection process. A new broker we want you to consider is eToro.com, which puts a whole new feel on the Forex Broker business.

Forex Signals

2009-10-19T03:37:00.002-07:00

Whether you are a beginner or a seasoned trader, we have a service to fit your needs. Do you have a hard time understanding when to get in the market, or is your exit points that need help? There are hundreds of forex signals services on the market, but most are not worth a dime. We only work with the best. We screen them with the strictest parameters – ensuring their performance is real.

These signal providers may send signals by e-mail, voice, cell phone, or a live trading room. We will provide you with a list of the best Forex services available to best suit your trading needs.

Some traders prefer an auto trade type of system which does the trading for you, like FX-System Center, an excellent way to go. We work with a number of providers of auto-trade services which include state of the art software that will execute trades in the Forex market for you. You can learn to trade many different styles throughout the trading day. You can join live chat sessions with live calls in voice chat rooms with professional traders and learn how to trade the Forex market yourself. The options are all available, and now you know where to look.

Forex Trading Signals can do for you.

2009-10-19T03:37:00.001-07:00

Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site.

There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.

Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.

Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.

If you’ve spent thousands of dollars to learn strategies that do not work – you are not alone. In fact, in a recent poll of over 5,000 active traders, the majority have spent over $3,500 on education. Some people drop more money into Forex courses then into their own trading account. We offer insider strategies that will give you a huge edge to succeed in the Forex market. You can also learn our Forex Trading Systems and expand your wealth even further. Here is a look at one of our Forex trading videos on YouTube.

Forex News Trader

2009-10-19T03:36:00.000-07:00

Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.

Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.

Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.

Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.

Forex: USD/JPY hits 90.35 intra-day low, but it could recover to 92.50 - Commerzbank

2009-10-19T03:31:00.000-07:00

FXstreet.com (Barcelona) – The Dollar's decline against the Yen from Friday's high at 91.30 has continued during today's session to break MA55 hourly chart level at 90.50 and trade at intra-day lows close to 90.35. Currently the pair is trading around 90.50/60, 0.45% below today's opening price action at 90.95.

Initial support level lies at 90.30/40, and below here, 90.15 and 89.70/90 congestion area. On the upside the Dollar might find resistance at 91.15, and above here, 91.35 (Oct 16, Sept 25 high), and then 91.55/65 (Sept 23 and 24 highs).

Karen Jones, Analyst at Commerzbank, expects the USD/JPY recovering to trade above 92.50 as Commerzbank views the recent low as key turning point: “We look for recovery to 91.75 (the July lows) then 92.55/90 (50% retracement of the sell off from August). The market has recently rebounded just ahead of major support, which extends from 87.60-86.30 and contains this years lows, a 14 year support line and an inter-year pivot line. From a longer term perspective we view the recent low as a key turning point.”

Forex: GBP/USD: Pound bounces at 1.6235 session low and returns above 1.6300

2009-10-19T03:30:00.000-07:00

FXstreet.com (Barcelona) - The Pound has weakened somewhat during the day and from Asian session high at 1.6370, the Pound has dipped to 1.6240 to bounce back, reaching levels above 1.6300 at the moment of writing.

On a wider perspective, Valeria Bednarik, collaborator at FXstreet.com sees the Pound consolidating with a slightly bearish perspective: "Pair remains consolidating with a slightly bearish perspective at this point. 20 SMA still flat above current level in the hourly, needs to turn to the downside to support indicators that turned down. 4 hours charts still show upside limited while 1.6200/10 is still the support zone to watch for a break lower."

Support levels, according to Bednarik, lie at 1.6260, 1.6230 and 1.6200. On the upside, resistance levels lie at 1.6350 1.6400 1.6470.

Forex: EUR/USD: Euro ready for next leg upwards, to 1.5104 main target - Deltastock

2009-10-19T03:29:00.000-07:00

FXstreet.com (Barcelona) - The Euro has shrugged off weakness seen during Asian session and, after bouncing at 1.4825, the pair has reached 1.4950 area, and according to Stoyan Mihaylov, technical analyst at Deltastock.com, targeting 1.5104.

The pair seems ready for its next leg upwards, with main target at 1.5104, says Mihaylov. "Recent low at 1.4827 was a test of the 1.4812 support area and the pair is ready for next leg upwards, to 1.5104 main target. Intraday resistance comes at 1.4967 and crucial is 1.4872."

In a longer term view, Mihaylov observes the Euro in a broad consolidation after bottoming at 1.2331: "EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523."

USD Slumps on Blockbuster JPM Earnings

2009-10-19T03:28:00.000-07:00

The beleaguered dollar found no reprieve in the Wednesday session, extending its losses to fresh 14-month lows against the euro and Australian dollar to 1.4934 and 0.9156, respectively. A shift to riskier assets was triggered by a stronger than expected earnings report from JP Morgan Chase, prompting advances in the US equity bourses with the Dow Jones, Nasdaq and S&P 500 all gaining by more than 1.2% by afternoon trading. The Dow Jones edged higher toward the psychologically key 10,000-level, briefly breaching above it on an intra-day basis for the first time in a year.

Free Forex Trading Resources

2009-08-19T14:11:00.001-07:00

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.

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.

Finding useful resources that provide good information, solid advice, and/or proven concepts is sometimes difficult to do. There is much information out there that is, at best, irrelevant, and at worst, erroneous.

Here is a list of helpful resources provided by a trustworthy source with a proven record of long-term success in the Forex market. The best thing about these resources is not that they are FREE (which they are), but that they are VALUABLE.

Free Forex Trade Calls
Learn how one of the leading authorities on Forex Live-on-the-News trading enters trades with crucial timing and consistent success.

Free Guide to trading Forex Live-on-the-News
The leading expert in the industry takes you by the hand and guides you step-by-step through the tremendously successful strategy of trading Forex Live-on-the-News.

Forex Trader Community and Forum
Get connected with fellow traders. Share ideas. Ask questions. Discuss everything from Basics, to Brokers, to Bank Flow. There is strength and safety in numbers. This community is dedicated to serious Forex traders who desire to improve their trading skills and maximize their profits.

Free Trading Video Archive
Follow the charts and watch the progress of this renowned Forex trader. See trades unfold. Observe the mechanics involved. This is a great educational tool for the serious Forex trader, and a great source of insight for the curious.

Free Forex Glossary
Every industry has its own language, consisting of words and phrases either created from within that culture, or using words and phrases in ways unique to that specific industry. Forex is no different. This helpful glossary will have you speaking the language of the Forex trader in no time. In a fast-paced, liquid market, no trader wants to be hamstrung by miscommunications.

Free Informative Article on Forex News Trading
Learn why Forex Live-on-the-News trading is the safest and easiest way to make money as a trader.

Everybody loves free stuff! Especially when it adds real value to your life. We know these resources will do just that.

[tags]free forex trading resources, forex guide, forex glossary, forex forum, forex news trading[/tags]

EUR/USD Forecast: New York 8pm DST March 16th

2009-08-19T14:10:00.001-07:00

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

Weekly Forex Market Outlook

2009-08-19T14:09:00.001-07:00

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?

Another 200+ point day

2009-08-19T14:08:00.002-07:00

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:

Forex Trading: Market Timing Alert for Price Action

2009-08-19T14:08:00.001-07:00

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.

Professional Risk Management: The “PIP” Reality

2009-08-19T14:06:00.000-07:00

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

Forex Trading Market Timing Forex Signal Yields 50 pips Profit on GBP/USD

2009-08-19T14:05:00.000-07:00

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!

Forex Trading Update: U.S. Dollar Index is Setting the Tone

2009-08-19T14:04:00.002-07:00

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

Weekly Forex Market Outlook

2009-08-19T14:04:00.001-07:00

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?

Forex Trading: U.S Dollar Index Takes Center Stage

2009-08-19T14:03:00.000-07:00

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

Weekly FOREX outlook

2009-08-19T14:02:00.000-07:00

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.

Weekly Forex Outlook We are now up over 3,000 pips since June 1st!

2009-08-19T14:01:00.000-07:00

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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2009-08-19T14:00:00.000-07:00

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2009-08-19T13:57:00.000-07:00

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2009-08-19T13:53:00.000-07:00

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Daily Forex Commentary

2009-08-10T15:34:00.001-07:00

:: 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

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2009-08-10T15:33:00.002-07:00

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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.

Who are the Forex Market Participants?

2009-08-10T15:33:00.001-07:00

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

Foreign Exchange for Individuals

2009-08-10T15:32:00.000-07:00

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.

Senior Corporate Dealer - UKForex

2009-08-10T15:31:00.000-07:00

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!

About UKForex Foreign Exchange Services

2009-08-10T15:30:00.000-07:00

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.

How do I transfer funds with UKForex?

2009-08-10T15:26:00.002-07:00

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.

Forex Trading > Range of Markets

2009-08-10T15:26:00.001-07:00

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

2009-08-10T15:21:00.000-07:00

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

Forex Market Consolidation Inevitable

2009-08-10T15:20:00.001-07:00

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.

The most important of the forex tips ever

2009-08-10T15:18:00.000-07:00

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.

Forex Trading Books Authors: Sustainable Development

2009-08-10T15:17:00.000-07:00

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?

Global Forex Investment Risk

2009-08-10T15:14:00.000-07:00

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.

--------------------------------------------------------------------------------

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

Forex For Professionals

2009-08-10T15:11:00.000-07:00

Discover The "Best-Kept" Secret in Forex Trading... Learn The Secrets Of An Interbank Trader With Over 25-Years Of Experience...

"Give Me Just 2 Minutes And I'll Show You Exactly The Same Proven, Easy-To-Use Trading Strategy That I Use Everyday..."

From the desk of Andy Shearman
Tuesday, 8:41 a.m.

Dear Fellow Forex Trader,

If you are currently a struggling Forex trader or if you are searching for a system that delivers with consistency -- a system that provides you with proper entry, exit, and even when to stay out of the market signals -- then I have FANTASTIC news for you...

I am going to show you a system that delivers with high level of consistency and give you my EXACT blueprint to success to change your life forever!

Right now, hundreds of subscribers, Interbanker Dealers, Brokers, and Bankers are all using my system to make their trading decisions on a daily basis. Isn't it time for you to join the ranks of the *elite* few who make a good living trading Forex?

... Many of my current subscribers have turned their trading account from losing or dismally profitable, to a consistently growing account, while spending less time in front of the computer trading...

And I Will Show You How To Benefit
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Forex For Beginners

2009-08-10T15:10:00.000-07:00

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.

What is Forex?

2009-08-10T15:08:00.000-07:00

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.

Forex France - Online Trading

2009-08-10T15:06:00.000-07:00

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.

. The forex market and its benefits

2009-08-10T14:59:00.000-07:00

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.

The Currency Trader's Handbook

2009-08-10T14:57:00.000-07:00

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.

Dollar stronger ahead of FED meeting

2009-08-10T14:56:00.001-07:00

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.

Forex: Fresh lows for Euro and Cable

2009-08-10T14:54:00.001-07:00

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.

The Forex Journal

2009-08-10T14:50:00.000-07:00

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.

Las Vegas Forex & Options Expo

2009-08-10T14:49:00.000-07:00

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

Comprehensive FX and Futures Daily Research

2009-08-10T14:46:00.000-07:00

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.

Forex: Cable recovers but remains below 1.6500

2009-08-10T14:44:00.000-07:00

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.”

Definition of Trade Balance

2009-07-14T13:26:00.000-07:00

The balance of trade forms part of the current account, which includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.
The trade balance is identical to the difference between a country's output and its domestic demand (the difference between what goods a country produces and how many goods it buys from abroad; this does not include money re-spent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market).
Measuring the balance of trade can be problematic because of problems with recording and collecting data. As an illustration of this problem, when official data for the entire world's countries are added up, exports exceed imports by a few percent; it appears the world is running a positive balance of trade with itself. This cannot be true, because all transactions involve an equal credit or debit in the account of each nation. The discrepancy is widely believed to be explained by transactions intended to launder money or evade taxes, smuggling and other visibility problems. However, especially for developed countries, accuracy is likely.
Factors that can affect the balance of trade figures include

• Prices of goods manufactured at home (influenced by the responsiveness of supply)
• Exchange rates regarded in 1933
• Trade agreements or barriers
• Offset agreements
• Other tax, tariff and trade measures
• Business cycle at home or abroad

The balance of trade is likely to differ across the business cycle. In export led growth (such as oil and early industrial goods), the balance of trade will improve during an economic expansion. However, with domestic demand led growth (as in the United States and Australia) the trade balance will worsen at the same stage in the business cycle.
Since the mid 1980s, United States has had a growing deficit in tradeable goods, especially with Asian nations (China and Japan) which now hold large sums of U.S debt that has funded the consumption. The U.S. has a trade surplus with nations such as Australia and Canada. The issue of trade deficits can be complex. Trade deficits generated in tradeable goods such as manufactured goods or software may impact domestic employment to different degrees than trade deficits in raw materials.
Economies such as Canada, Japan, and Germany which have savings surpluses, typically run trade surpluses. China, a high growth economy, has tended to run trade surpluses. A higher savings rate generally corresponds to a trade surplus. Correspondingly, the United States with its lower savings rate has tended to run high trade deficits, especially with Asian nations

Introduction to Forex education

2009-07-14T13:24:00.000-07:00

FOREX, the abbreviation of the Foreign Exchange Market, is an international exchange market of one country’s currency from all over the world. FOREX is a market where investors purchase or sell one country’s currency for profit. The market today started in 1970’s. FOREX can take place in anywhere, any time, from market news and across the globe. FOREX is not centered at one place. The market has very few qualifications for investing. FOREX trading is 24 hours a day from Sunday afternoon to Friday afternoon. It is simple to find FOREX dealers as they are in almost all of the time zones. The investors who are the participants on the market determine the worthy of the currency based on demand. Anyone can invest in FOREX. FOREX is quite unique in the financial community as it has a lot of investors. An investor decides the currency he or she wants to purchase, contact the dealer, and makes the purchase. If the currency the investor bought and the price appreciates in value, the investor will earn a profit by closing his or her position. When doing the selling and purchasing the currency was sold back in order to lock in the profit, in actuality counter currency is bought in the pair. Trading is like any relationship, you have to know both sides (in pairs). To be succeeded or fail in FOREX trading depends upon being right about both currencies and how they impact one another, not just one. One currency valued against another, a rate of worth has been verified by trading currency pairsbecause a country’s currency has value only relative to the currency of another country.

Marginal trading is a term used for trading. It is a trading with borrowed capital.Investment can be made using a credit line without actually having the money.The investors need to do is borrow the money for a certain currency and need to choose a currency that the value will increase quite vastly.The sheer profit is made and the investor pays back the money that he or she borrowed once the currency increase. The rewards are great although it is a high-risk investment (compare to other high most investments).

As a FOREX trader, you must be able to calculate risk and taking losses, if can’t accept, better don’t trade. Risk means reward, you do like to accept volatility and risk cheerfully. Drawdown are a part of trading; FOREX trading fun and highly profitable because of the volatile markets. As you become the well-informed FOREX trader, a drawdown is not something to fear, but something to enjoy. Volatility makes a big opportunity!

FOREX can be very beneficial to a number of people. FOREX investment is simple and investments can be done either over a long period of time or in a short period of time. Investors make a lot of money by FOREX trading. Investors who choose to invest in FOREX are mostly well familiar with the market and notice the current situations in countries of the world. There are some strategies will give investors more advantages and help investors realize even greater profits in the short-term gains. One of the most useful of FOREX trading strategies is a strategy known as leverage. This FOREX trading strategies is designed to take advantage of more funds than are deposited and through this FOREX trading strategies you can maximize the FOREX trading benefits. The leverage FOREX trading strategy is suitable for a regular basis and allows investors to take advantage of short term flow in the FOREX market. Stop loss order is another commonly used FOREX trading strategy. It is used to protect investors and it creates a predetermined point at which the investor will not trade.This helps investors to minimize losses. However, thisstrategy canbackfire and the investor can stop their FOREX trading which could actually go higher but run the risk.Choice is given to the individual trader whether or not to use this FOREX trading strategy. An automatic entry order is another of the FOREX trading strategies that is commonly used andalso allow investors to involve into FOREX trading when the price is suitable for them.The price is predetermined and once reached the investor will automatically invest into the trading.It is vital forFOREX investors mentioned earlier knowledge of these FOREX trading strategies if wish to be successful in FOREX trading. Besides that, advanced charting programs are a major tool among many different tools that can help a FOREX trade out. With global interactive training rooms with live video feeds and the daily World Bank FOREX report helps investors gain a lot of the trading.

Views on Economic impact

2009-07-14T13:23:00.001-07:00

Some economists believe that GDP and employment can be dragged down by an over-large deficit over the long run.
Those who ignore the effects of long run trade deficits may be confusing David Ricardo's principle of comparative advantage with Adam Smith's principle of absolute advantage, specifically ignoring that latter. The economist Paul Craig Roberts notes that the comparative advantage principles developed by David Ricardo do not hold where the factors of production are internationally mobile.
Since the stagflation of the 1970s, the U.S. economy has been characterized by slower GDP growth. In 1985, the U.S. began its growing trade deficit with China. Over the long run, nations with trade surpluses tend also to have a savings surplus while the U.S. has been plagued by persistently lower savings rates than its trading partners which tend to have trade surpluses with the U.S., Germany, France, Japan, and Canada have maintained higher savings rates than the U.S. over the long run. In 2006, the primary economic concerns centered around: high national debt ($9 trillion), high non-bank corporate debt ($9 trillion), high mortgage debt ($9 trillion), high financial institution debt ($12 trillion), high unfunded Medicare liability ($30 trillion), high unfunded Social Security liability ($12 trillion), high external debt (amount owed to foreign lenders) and a serious deterioration in the United States net international investment position (NIIP) (-24% of GDP), high trade deficits, and a rise in illegal immigration. These issues have raised concerns among economists and unfunded liabilities were mentioned as a serious problem facing the United States in the President's 2006 State of the Union address.

Must reduce loss and increase trading profit!

2009-07-14T13:21:00.002-07:00

Marginal trading is a term used for trading. It is a trading with borrowed capital.Investment can be made using a credit line without actually having the money.The investors need to do is borrow the money for a certain currency and need to choose a currency that the value will increase quite vastly.The sheer profit is made and the investor pays back the money that he or she borrowed once the currency increase. The rewards are great although it is a high-risk investment (compare to other high most investments).

Analyzing the market is what FOREX traders often have to do.Like all investments,FOREX includes some calculated risk.To calculate these risks there are 2 ways, though Technical Analysis and Fundamental Analysis.

Technical Analysis is based on the idea calculates that trends through history will continue. FOREX traders will notice that a certain strongly currency is rising at formal rate. The same investor will also assume that the currency will not decline in value, and will continue to rise, as it has done in the past. The investor purchases a large amount of that currency and practices to make a profit. This investment requires a large assumption but is relatively safe.

Fundamental Analysis is an analysis of counting an entire countries situation.This technique is used by looking at the situation of the country in which the currency finds its base.The countries economic status, political status, and global status are taken into account.Most of the FOREX currency values are determined by the investors.Assumption will be made by the Fundamental Analysis that other FOREX traders will view a countries situation in the same way and respond accordingly.

To involve in FOREX trading, you must similarly prime your mind to get ideas flowing. The various ideas in your mind are stored in a hierarchical structure. Information is stored together in a group, depending on its meaning. It's hard to bring information about that topic into consciousness when you aren't thinking of a particular topic; it depends on their stagnant and hidden. When you put effort to think carefully about a specific topic, or a closely related topic, and start running througha bunch of possibilities, all kinds of new possibilities become transparent. Various concepts andideas, almost unconsciously are scan through your mind. This wealth of information combines will create a new. For example, suppose you get an indefinite trading idea about how a set of indicatorsmay forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing.For instant, scan a set of charts to back test and find support for your hypothesis.Once you look through the charts, you will prompt to other related information after seeing at the information. Yet the idea soon will leak out, and you'll make a new discovery as this is a basis for a new trading strategy. The main point is that you must set your thinking processes to create a new idea. When you put on a trade, you have the attention to starts on focus, your senses are heightened, and your perspective will change until you see new ideas. The more ideas you will create new discoveries when the more your mind is active. It is helpful when knowing about the creative process and how to set it in motion gives you power. Unable to think creatively is the reason brings some people down.Actually they can, they just need to know how to do it. To think creatively, it's vital to be relaxed and free of anxiety. It is also essential to prime your mind in order to start the process.When it’s the time to think of a new trading idea, think creatively. Processing the creative in motion may help you come up with a big idea that will make you huge profits.

As a FOREX trader, you must be able to calculate risk and taking losses, if can’t accept, better don’t trade. Risk means reward, you do like to accept volatility and risk cheerfully. Drawdowns are a part of trading; FOREX trading fun and highly profitable because of the volatile markets. As you become the well-informed FOREX trader, a drawdown is not something to fear, but something to enjoy. Volatility makes a big opportunity!

Impressions from the world of forex

2009-07-14T13:21:00.001-07:00

experienced one loony stay on FX Solutions - check this out: while i was starting off with a tiny bank of 2311 dollars at FX Solutions the entire sitting was a splendorous barnburner. Some relative of mine said the changes in the woodworking equipment industry may slow down on the AED-KRW rate. He said that waiting till then and then selling would work! I went: yeah, the spread may be thin, but what are we waiting for? Based on the fact that i had just brought home 100 micro lots, i judged it right to stop order 100 lots. I was watching the graph for ages, untill i commenced to take notice some terribly alteration. 2 minutes later the base currency was blasting like the Scarlet fever! The account sold at 253 pips per coin of profit! So by now i'm tapping my fingers on my knees like a maniac. I had planned to take advantage the fact that that the changes in the garment market can change the Korean markets for the next few weeks. I had just pocketed 100 Valeries and that was the bottom line. But not half a second afterward, i GTCed and i unloaded at a loss of 39 percent. Darn, i sure wasn't expecting that to happen! Well what do you know! I had gone down straight from a bankroll of 2311 dollars to 2311 mini lots, but at least i am wearing my shirt!

Trading Characteristics

2009-07-14T13:19:00.000-07:00

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments are traded. This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. A joint venture of the Chicago Mercantile Exchange and Reuters, called Fx market space opened in 2007 and aspired but failed to the role of a central market clearing mechanism.

The main trading center is London, but New York, Tokyo, Hong Kong and Singapore are all important centers as well. Banks throughout the world participate. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session, excluding week ends.

Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in gross domestic product (GDP) growth, inflation (purchasing power parity theory), interest rates (interest rate parity, Domestic Fisher effect, International Fisher effect), budget and trade deficits or surpluses, large cross-border M&A deals and other macroeconomic conditions. Major news is released publicly, often on scheduled dates; so many people have access to the same news at the same time. However, the large banks have an important advantage; they can see their customers' order flow.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX is expressed (called base currency). For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.5465 dollar. Out of convention, the first currency in the pair, the base currency, was the stronger currency at the creation of the pair. The second currency, counter currency, was the weaker currency at the creation of the pair.

The factors affecting XXX will affect both XXX/YYY and XXX/ZZZ. This causes positive currency correlation between XXX/YYY and XXX/ZZZ.

On the spot market, according to the BIS study, the most heavily traded products were:

* EUR/USD: 27%
* USD/JPY: 13%
* GBP/USD (also called sterling or cable): 12%

And the US currency was involved in 86.3% of transactions, followed by the euro (37.0%), the yen (17.0%), and sterling (15.0%) (See table). Note that volume percentages should add up to 200%: 100% for all the sellers and 100% for all the buyers.

Trading in the euro has grown considerably since the currency's creation in January 1999, and how long the foreign exchange market will remain dollar-centered is open to debate. Until recently, trading the euro versus a non-European currency ZZZ would have usually involved two trades: EUR/USD and USD/ZZZ. The exception to this is EUR/JPY, which is an established traded currency pair in the interbank spot market. As the dollar's value has eroded during 2008, interest in using the euro as reference currency for prices in commodities (such as oil), as well as a larger component of foreign reserves by banks, has increased dramatically. Transactions in the currencies of commodity-producing countries, such as AUD, NZD, CAD, have also increased.

Business support

2009-07-14T07:51:00.000-07:00

Dear clients of OpenForex.Com, our operative and benevolent support team is at your service!
business support • Department of commercial clients' services. • Information support of a project, advising on commercial services and payment of services. E-mail: info@openforex.com • Providing help concerning any questions on paid services. E-mail: client@openforex.com • Foreign Exchange Analysis Department - overall advising on paid financial forecasts.E-mail: forex@openforex.com • Consultations on paid financial forecasts (only for registered clients). E-mail: forecast@openforex.com • Department of clients' payments - for queries concerning money transfer and withdrawal. E-mail: payments@openforex.com • Advertising and Marketing Department. • Placement of advertisement in the Internet. E-mail: adv@openforex.com • Advertisement Placement in the Internet. E-mail: promo@openforex.com • Technical support of the program. E-mail: support@openforex.com • "Info-center" editor. • Project administration. • Any cooperation offers and service complaints.

Easy Forex

2009-07-14T07:49:00.000-07:00

Should I use a Easy Forex ?The Forex market is not, most people would agree, the place to cut your teeth as a trader. Novices can very quickly get their fingers badly burnt. But inexperience is not the only easy reason to consider using a Forex broker to trade in the high risk international currencies market.Equally as important is having the right temperament for a high pressure market where swings are commonly pendulum-like and fast moving. Not only are Forex traders required to readjust mentally to juggling twin-faceted currency transactions, they also need to keep a calm easy head. Fear and greed are, without a doubt, the enemies of the successful Forex trader. Before entering the Forex market for the first time, whether or not you have experience in trading stocks and shares, you should carefully consider whether the Forex is for you. Not all investors are suited to Forex trading, and finding out too late can result in heavy losses. If you have doubts about your investment objectives, experience and risk exposure, then you should seek the advice of a Easy Forex broker or risk having your initial investment rapidly wiped out. So what should you look for when selecting a Forex broker ? Experience and reputation are two good starting places for the selection process. Do as much research as possible about the broker and ask in online forums for anyone with first hand knowledge of the company.Because of the global nature of the Easy Forex there is a diverse range of financial regulatory environments depending on where the broker is based. One of the most unregulated countries is the US, so in the absence of independent verification of a company’s continuing financial stability doing your homework thoroughly is imperative.It should be emphasized, of course, that there are very many top quality Forex brokers around who provide excellent customer service and value for money. The message here is that selecting the right broker for you takes time and effort. In the end, it may well save you a lot of dollars and heartache.Be skeptical. Examine any claims made about high returns and low margins, especially if the company is vague about the risk involved and are unwilling or unable to disclose financial information on the strength of their company. Low margins may sound competitive, but in reality this is because the broker is speculating against you and relying on the low margin to stop out your gains.Small minimum investments should also sound alarm bells. To make serious investment strategies work small sub-$10,000 sums are unlikely to cut it in the Forex. Moreover, the brokers offering small minimum investments are also likely to be those offering low margins as well. And all for the same reason. More - Online Forex info:Forex Broker

Trade with Online Forex Broker

2009-07-14T07:48:00.000-07:00

Foreign exchange brokers are unlike others financial brokers, they do not take commission from customer. However, they only work for banks. Their roles are to bring together buyers and sellers into the market,and to optimize the price showing to their customers quickly, accurately, and authentically executing the traders' orders.

The majority of the foreign exchange brokers execute business via phone using an open box system — there is a microphone with the broker and let him communicate on the direct phone lines to the speaker boxes in the banks. By using this way, all banks can hear all the deals which are being executed. Due to the open box system, a trader is also able to hear all prices quoted; whether the bid was hit or the offer taken; and the following price. What the trader will not be able to hear are the amount of particular bids and the names of the banks showing the prices. Prices are unidentified. Sometimes, brokers charge a commission that is paid equally by the buyer and the seller. The fees are negotiated on an individual basis by the bank and the brokerage firm as well.

Brokers show their customers about the prices made by other customers either two-way (bid and offer) prices or one way (bid or offer) prices from his or her customers. Traders show different prices because they "read" the market in a different way; they have different opportunities and different interests. A broker who has more than one price on one or both parties will automatically optimize the price. That means, the broker will always show the highest bid and the lowest offer. Therefore, the market has the right to entry an optimal spread. Fundamental and technical analysis are used to predict the future direction of the currency. A trader might analyze the market by hitting a bid for a small amount to see if there is any response. Another advantage is that brokers might provide a broader selection of banks to their clients. Some European and Asian banks have overnight desks for 24 hours optimization dealing with counterparts in American banks,it is adding to the liquidity of the market.

Foreign currency mortgage

2009-07-14T07:46:00.002-07:00

A foreign currency mortgage is a mortgage which is repayable in a currency other than the currency of the country in which the borrower is a resident. Foreign currency mortgages can be used to finance both personal mortgages and corporate mortgages.
The interest rate charged on a Foreign currency mortgage is based on the interest rates applicable to the currency in which the mortgage is denominated and not the interest rates applicable to the borrower's own domestic currency. Therefore, a Foreign currency mortgage should only be considered when the interest rate on the foreign currency is significantly lower than the borrower can obtain on a mortgage taken out in his or her domestic currency.
Borrowers should bear in mind that ultimately they have a liability to repay the mortgage in another currency and currency exchange rates constantly change. This means that if the borrower's domestic currency was to strengthen against the currency in which the mortgage is denominated, then it would cost the borrower less in domestic currency to fully repay the mortgage. Therefore, in effect, the borrower makes a capital saving.
Conversely, if the exchange rate of borrowers domestic currency were to weaken against the currency in which the mortgage is denominated, then it would cost the borrower more in their domestic currency to repay the mortgage. Therefore, the borrower makes a capital loss.
When the value of the mortgage is large, it may be possible to reduce or limit the risk in the exchange exposure by hedging.