The dollar fell from a four-month high against the yen as U.S. employers unexpectedly eliminated jobs last month, boosting speculation that the Federal Reserve may extend stimulus measures. The yen rose against all of its most-traded counterparts including the Australian and New Zealand dollars on speculation the payrolls report will reduce demand for higher-yielding assets. The greenback dropped The dollar fell from a four-month high against the yen as U.S. employers unexpectedly eliminated jobs last month, boosting speculation that the Federal Reserve may extend stimulus measures.
The U.S. currency dropped against all of its most-traded counterparts except for the Taiwanese dollar, falling at least 1 percent against the Brazilian real, South African rand and Swiss franc. The greenback recorded its biggest weekly drop against the euro since November on the prospects for the world’s largest economy.
“The headline doesn’t sit well with the dollar,” said Brian Kim, a currency strategist at UBS AG in Stamford, Connecticut. “People had been bracing for a flat to positive number. It puts expectations for a Fed rate hike on ice.”
The dollar slid as much as 0.9 percent to $1.4439 per euro in the biggest intraday decline since Nov. 25, before trading at $1.4409 at 5 p.m. in New York, compared with $1.4308 yesterday. The dollar dropped 0.8 percent to 92.66 yen, from 93.37. It earlier touched 93.77, the highest level since Aug. 28. The euro fell 0.1 percent to 133.46 yen.
U.S. employers eliminated 85,000 jobs in December, the Labor Department said today. The median estimate of 76 economists in a Bloomberg News survey was for no change in nonfarm payrolls. The unemployment rate held at 10 percent.
The greenback avoided declining beyond $1.45 per euro, a level last seen on Dec. 17, as the payrolls report showed a gain of 4,000 jobs in November, the first boost in almost two years.
Dollar ‘Resilience’
“The dollar has shown resilience,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “There were some mitigating factors. Should the damage to the dollar be limited in the aftermath of the report, that would be a positive sign for the greenback.”
The traded-weighted Dollar Index, which the ICE futures exchange uses to track the greenback against currencies including the euro, yen, pound and franc, rose 1.7 percent on Dec. 4, when the Labor Department reported an unexpected drop in U.S. unemployment.
The index had fallen 17 percent from the 2009 peak reached in March as evidence of a global economic rebound spurred investors to buy higher-yielding assets funded with dollars. The index rose 4 percent last month on speculation the Fed was moving closer to withdrawing stimulus measures. The gauge of the greenback dropped 0.6 percent today.
Fed Stimulus
At its Dec. 15-16 meeting, Fed officials debated increasing and extending its stimulus program should the economy weaken, according to minutes released Jan. 6. A few favored such a move while one policy maker discussed a reduction. The target rate for overnight lending between banks was held at a range of zero to 0.25 percent.
The greenback slid 1.2 percent to 1.7264 Brazilian reais today, declined 1 percent to 7.3568 rand, lost 1 percent to 1.0235 franc and fell 0.8 percent to 5.6664 Norwegian kroner.
The dollar posted a 0.5 percent weekly decrease against the yen, its first drop since the five-day period ended Dec. 11, and was down 0.6 percent versus the euro. The European currency gained 0.3 percent against the yen.
The yen appreciated earlier against the dollar after Japan’s Prime Minister Yukio Hatoyama told reporters that rapid foreign-exchange moves were “not good” a day after the newly appointed Finance Minister Naoto Kan said he would welcome a weaker yen. Kan’s predecessor, Hirohisa Fujii, had dismissed the value of a weaker yen to Japan’s economy.
“Hatoyama’s remarks muted the impact of yesterday’s comments from Kan,” said Masahide Tanaka, a Tokyo-based senior strategist at Mizuho Trust & Banking Co., a unit of Japan’s second-largest bank. “Kan’s statement yesterday was a New Year’s gift for Japanese exporters.
EUR/USD The Euro again found support close to 1.19 against the dollar on Tuesday and made an attempt at breaking back above resistance in the 1.20 area.
Saturday, November 13, 2010
U.S. Stocks, Dollar Fall While Treasuries Rise on Job Losses
U.S. stocks, the dollar and oil declined while Treasuries rallied after American employers unexpectedly eliminated jobs last month, spurring concern the economic recovery will falter. The Standard & Poor’s 500 Index fell 0.4 percent to 1,136.93 at 9:41 a.m. in New York, retreating from a 15-month high. The Dollar Index, a measure of the currency against those of six U.S. trading partners, lost 0.4 percent to Jan. 8 (Bloomberg) -- The U.S. dollar fell and Treasuries rose after American employers unexpectedly eliminated jobs last month, spurring concern the economic recovery will falter. U.S. stocks rallied on optimism about corporate profits.
The Dollar Index, a gauge of the U.S. currency versus those of six major trading partners, declined 0.6 percent to 77.485 at 5:13 p.m. in New York. Treasury two-year notes advanced, driving their yield down 0.05 percentage point to 0.97 percent. The Standard & Poor’s 500 Index added 0.3 percent, recovering from a 0.5 percent drop, as United Parcel Service Inc. said profit beat its forecast and Alcoa Inc. climbed to the highest price since October 2008 before reporting quarterly results on Jan. 11.
The Labor Department said the U.S. lost 85,000 jobs in December, compared with the median economist estimate in a Bloomberg survey that called for no change in payrolls. The decrease in employment wiped out November’s gain. Federal Reserve Bank of Boston President Eric Rosengren said unemployment will stay “quite elevated” while the economy recovers, warranting continued low interest rates.
“People are still losing some jobs here, even in the fourth quarter,” said Jason Cooper, who manages $2.5 billion at 1st Source Investment Advisors in South Bend, Indiana. “The economy, it’s not as good as what people were anticipating. And I think that’s reflected in what the markets are doing.”
Higher Inventories
Benchmark U.S. equity indexes rebounded after UPS announced earnings and inventories at wholesalers unexpectedly jumped in November by the most in five years. The report on stockpiles from the U.S. Commerce Department signaled companies are picking up the pace of orders as sales climbed 3.3 percent, the biggest gain since January 2008.
Equities also recovered from their lows of the session amid diminishing bets on an interest rate increase by the Federal Reserve. Fed funds futures trading showed a 33 percent chance the central bank will lift its benchmark rate by its June meeting, down from 60 percent odds a week ago.
The dollar fell from a four-month high against the yen and dropped against all of its most-traded counterparts except for the Taiwanese dollar, falling at least 1 percent against the Brazilian real, South African rand and Swiss franc. The U.S. currency recorded its biggest weekly drop against the euro since November.
The benchmark two-year Treasury note’s yield fell as much as 0.08 percentage point, the biggest drop since Dec. 17.
Bond Auctions
The yield difference between 2- and 10-year notes widened to 2.86 percentage points, near the record 2.88 percentage points reached on Dec. 22, as the U.S. prepared to sell $21 billion of 10-year securities on Jan. 13 and $13 billion of debt maturing in 30 years on Jan. 14. The government will also sell $10 billion in 10-year Treasury Inflation Protected Securities on Jan. 11 and $40 billion of 3-year notes on Jan. 12.
Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said the U.S. economy is too fragile for the Fed to back away from its stimulus measures.
“Four percent of the viable workforce has given up,” Gross said in Bloomberg Radio interview. “To think the economy can snap back in the face of that is a bit of a stretch.”
The S&P 500 climbed to 1,144.98, the highest level since Oct. 1, 2008. The VIX, as the Chicago Board Options Exchange Volatility Index is known, slumped to a 20-month low of 18.13. It measures the cost of insurance against losses in the S&P 500.
UPS, the world’s largest package-delivery company, rallied 4.8 after saying profit topped its estimate. Alcoa added 2.5 percent before the largest aluminum company releases fourth- quarter earnings.
The Dollar Index, a gauge of the U.S. currency versus those of six major trading partners, declined 0.6 percent to 77.485 at 5:13 p.m. in New York. Treasury two-year notes advanced, driving their yield down 0.05 percentage point to 0.97 percent. The Standard & Poor’s 500 Index added 0.3 percent, recovering from a 0.5 percent drop, as United Parcel Service Inc. said profit beat its forecast and Alcoa Inc. climbed to the highest price since October 2008 before reporting quarterly results on Jan. 11.
The Labor Department said the U.S. lost 85,000 jobs in December, compared with the median economist estimate in a Bloomberg survey that called for no change in payrolls. The decrease in employment wiped out November’s gain. Federal Reserve Bank of Boston President Eric Rosengren said unemployment will stay “quite elevated” while the economy recovers, warranting continued low interest rates.
“People are still losing some jobs here, even in the fourth quarter,” said Jason Cooper, who manages $2.5 billion at 1st Source Investment Advisors in South Bend, Indiana. “The economy, it’s not as good as what people were anticipating. And I think that’s reflected in what the markets are doing.”
Higher Inventories
Benchmark U.S. equity indexes rebounded after UPS announced earnings and inventories at wholesalers unexpectedly jumped in November by the most in five years. The report on stockpiles from the U.S. Commerce Department signaled companies are picking up the pace of orders as sales climbed 3.3 percent, the biggest gain since January 2008.
Equities also recovered from their lows of the session amid diminishing bets on an interest rate increase by the Federal Reserve. Fed funds futures trading showed a 33 percent chance the central bank will lift its benchmark rate by its June meeting, down from 60 percent odds a week ago.
The dollar fell from a four-month high against the yen and dropped against all of its most-traded counterparts except for the Taiwanese dollar, falling at least 1 percent against the Brazilian real, South African rand and Swiss franc. The U.S. currency recorded its biggest weekly drop against the euro since November.
The benchmark two-year Treasury note’s yield fell as much as 0.08 percentage point, the biggest drop since Dec. 17.
Bond Auctions
The yield difference between 2- and 10-year notes widened to 2.86 percentage points, near the record 2.88 percentage points reached on Dec. 22, as the U.S. prepared to sell $21 billion of 10-year securities on Jan. 13 and $13 billion of debt maturing in 30 years on Jan. 14. The government will also sell $10 billion in 10-year Treasury Inflation Protected Securities on Jan. 11 and $40 billion of 3-year notes on Jan. 12.
Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said the U.S. economy is too fragile for the Fed to back away from its stimulus measures.
“Four percent of the viable workforce has given up,” Gross said in Bloomberg Radio interview. “To think the economy can snap back in the face of that is a bit of a stretch.”
The S&P 500 climbed to 1,144.98, the highest level since Oct. 1, 2008. The VIX, as the Chicago Board Options Exchange Volatility Index is known, slumped to a 20-month low of 18.13. It measures the cost of insurance against losses in the S&P 500.
UPS, the world’s largest package-delivery company, rallied 4.8 after saying profit topped its estimate. Alcoa added 2.5 percent before the largest aluminum company releases fourth- quarter earnings.
High-Risk Warning of forex trading
Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Real Time Forex News Alerts For Major Currencies
Real time forex news alerts show how global the financial crisis affects every major currency. Australian dollar is optimistic on keeping itself from recession. Although, reports are showing very slow come back from big blows. Unemployment rise with the loss of approximately 18,000 jobs. Business confidence is still down, record low, as well as consumer confidence. Good news is unheard for except for the slight increase in risk appetite. If this risk appetite is not sustained, Australia may face the recession sooner than expected.
The Japanese Yen recently lost track of the movements of the over risky assets. It has shown no significant movement even though the price changes in over a week. Real time forex news alerts is still wondering on how long the Japanese yen will last. Their domestic spending is showing very little movement. Both consumer and business confidence shows no sign of improvement. Some good news shows capital spending on safe investments that has at least break even results.
Euro, on the other hand, is showing promising signs of slight improvement. Though, there is no clear picture of the improvements, some would imply that it will come from stabilizing the Euro. This is a small step up if one is to consider the broader Euro zone. Business and consumer sentiment is still said to be bleak. The eyes are still focused on the financial market, whether they are to take the risks or not. Real time forex news alerts are sure to be hanging on to any news for Euro.
Swiss francs surprised real time forex news alerts when it emerged as the ‘best performing major currency’. When inflation was controlled to nearly no movement, the consumer confidence was heightened. Although, their unemployment also reached a three-year high. Their export market slowed down, especially in US and Europe, so it is just a matter of time that their trading terms to hit low.
The New Zealand dollar is showing poor growth, but is hopeful that it can persuade the risk appetite. If they can persuade their markets’ risk appetite they can stop the currency exchange rate from falling, which hit its seven-year low last week. Another blow was received as the retail industry hit record -low as consumers cut back on entertainment, so is true with South Pacific countries as well.
US dollar is keeping real time forex news alerts amazed. With their government’s efforts to boost their consumer confidence, it has been showing more positive outlook on its way out of recession. There may have been downbeat like the consumer confidence drop and the unexpected jobless claims of about 623,000. The Obama administration is gathering up consumer confidence with the passing of his Stimulus bill. This is expected to boost the consumer and business confidence. All the other currencies are watching the movement of US dollar because of it.
As of this month, real time forex news alerts show interest rate for US dollar and GBP slightly went up. Euro, Japanese Yen and NZ dollar showed very little decline. Other major currency stayed the same.
Looking for the one secret to be a professional forex trader?
Be a pro trader by consistently knowing what’s new on the forex market with the finest online forex news trading site today.
And stay updated with online forex scam reviews, to protect yourself from misleading programs.
The Japanese Yen recently lost track of the movements of the over risky assets. It has shown no significant movement even though the price changes in over a week. Real time forex news alerts is still wondering on how long the Japanese yen will last. Their domestic spending is showing very little movement. Both consumer and business confidence shows no sign of improvement. Some good news shows capital spending on safe investments that has at least break even results.
Euro, on the other hand, is showing promising signs of slight improvement. Though, there is no clear picture of the improvements, some would imply that it will come from stabilizing the Euro. This is a small step up if one is to consider the broader Euro zone. Business and consumer sentiment is still said to be bleak. The eyes are still focused on the financial market, whether they are to take the risks or not. Real time forex news alerts are sure to be hanging on to any news for Euro.
Swiss francs surprised real time forex news alerts when it emerged as the ‘best performing major currency’. When inflation was controlled to nearly no movement, the consumer confidence was heightened. Although, their unemployment also reached a three-year high. Their export market slowed down, especially in US and Europe, so it is just a matter of time that their trading terms to hit low.
The New Zealand dollar is showing poor growth, but is hopeful that it can persuade the risk appetite. If they can persuade their markets’ risk appetite they can stop the currency exchange rate from falling, which hit its seven-year low last week. Another blow was received as the retail industry hit record -low as consumers cut back on entertainment, so is true with South Pacific countries as well.
US dollar is keeping real time forex news alerts amazed. With their government’s efforts to boost their consumer confidence, it has been showing more positive outlook on its way out of recession. There may have been downbeat like the consumer confidence drop and the unexpected jobless claims of about 623,000. The Obama administration is gathering up consumer confidence with the passing of his Stimulus bill. This is expected to boost the consumer and business confidence. All the other currencies are watching the movement of US dollar because of it.
As of this month, real time forex news alerts show interest rate for US dollar and GBP slightly went up. Euro, Japanese Yen and NZ dollar showed very little decline. Other major currency stayed the same.
Looking for the one secret to be a professional forex trader?
Be a pro trader by consistently knowing what’s new on the forex market with the finest online forex news trading site today.
And stay updated with online forex scam reviews, to protect yourself from misleading programs.
Lester Associates announce new toll and conversion contract support
Lester Associates, a leading supplier of international commodity trading software, announced support for toll/conversion contracts within their CPMS commodity software.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Jul 07, 2010 – Lester Associates, a leading supplier of international commodity trading software, announced support for toll/conversion contracts within their CPMS software. The new toll contract capability allows metal trading firms and metal services firms to manage tolling contracts including material delivered, material processed and material returned as well as tracking toll fees.
Tolling contracts involve delivering material to a toller (processor) which processes, refines or converts the material from one form to another for a fee; the ownership of the material remains with the original owner. Toll/conversion contracts are used by metal services firms and recycling firms and can be used in a number of areas for various commodities. For example, a toll contract is used to convert copper anode to cathode or to process metal scrap into a more usable form.
"The new toll contract capability is fully integrated with the other contracts managed by CPMS and allow a complete, integrated solution for trading firms and service firms with tolling/conversion contracts." said Joseph Lester, president of Lester Associates. "Without a integrated toll contract, the typical work-around is to create artificial contracts to manage the toll process or handle them outside the system; this new capability provides full audit trails and accountability."
The ability to manage these contracts as a distinct toll contract allows enhanced risk reporting providing a common reference for delivery, pricing and hedging as well as providing conversion reports as material is processed while providing the capability to report positions (stocks) by type of material. The CPMS software supports contracts to purchase and sell physical commodities in addition to supporting hedging (futures), swaps, foreign exchange, options and metal lease contracts.
# # #
About Lester Associates:
Lester Associates is a leading supplier of international commodity trading software to trading firms, producers and consumers which are involved in the purchase, sale and hedging of commodities, allowing them to manage their risk positions from multiple risk perspectives while supporting their contract management functions.
Lester Associates is a privately held company located in Chatham, NJ which has been providing commodity software since 1984 and is a Microsoft Certified Partner.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Jul 07, 2010 – Lester Associates, a leading supplier of international commodity trading software, announced support for toll/conversion contracts within their CPMS software. The new toll contract capability allows metal trading firms and metal services firms to manage tolling contracts including material delivered, material processed and material returned as well as tracking toll fees.
Tolling contracts involve delivering material to a toller (processor) which processes, refines or converts the material from one form to another for a fee; the ownership of the material remains with the original owner. Toll/conversion contracts are used by metal services firms and recycling firms and can be used in a number of areas for various commodities. For example, a toll contract is used to convert copper anode to cathode or to process metal scrap into a more usable form.
"The new toll contract capability is fully integrated with the other contracts managed by CPMS and allow a complete, integrated solution for trading firms and service firms with tolling/conversion contracts." said Joseph Lester, president of Lester Associates. "Without a integrated toll contract, the typical work-around is to create artificial contracts to manage the toll process or handle them outside the system; this new capability provides full audit trails and accountability."
The ability to manage these contracts as a distinct toll contract allows enhanced risk reporting providing a common reference for delivery, pricing and hedging as well as providing conversion reports as material is processed while providing the capability to report positions (stocks) by type of material. The CPMS software supports contracts to purchase and sell physical commodities in addition to supporting hedging (futures), swaps, foreign exchange, options and metal lease contracts.
# # #
About Lester Associates:
Lester Associates is a leading supplier of international commodity trading software to trading firms, producers and consumers which are involved in the purchase, sale and hedging of commodities, allowing them to manage their risk positions from multiple risk perspectives while supporting their contract management functions.
Lester Associates is a privately held company located in Chatham, NJ which has been providing commodity software since 1984 and is a Microsoft Certified Partner.
Monday, August 9, 2010
FILLING STATION FOR SALE MEGA FILLING STATE
LOCATION:MARARABA ABUJA ALONG ABUJA /KEFFI EXPRESS WAY
LAND SIZE:1HCTS
NUMBERS OF PUMPS:
* 18PUMPS FOR PMS
{EACH PUMP WITH 4 DISPENSING POINTS}
* DIESEL 2PUMPS
{EACH PUMP WITH 4 DISPENSING POINTS}
* KEROSENE 2PUMPS
{EACH PUMP WITH 4 DISPENSING POINTS}
STORAGE CAPACITY:
33000{LTRS} X 30 TRUCKS
=990000{LTRS}AT A TIME
OFFICES:
A STORES BUILDING WITH
10 RMS EN SUIT, A SUPER MARKET HALLS.
POWER SOURCE:NEPA{WITH INDENPENDENT TRANSFORMER 200KVA]
AND 200 KVA GENERATOR
OTHERS : A REMAININ LAND SIZE OF 5000M2
FOR OTHERS USES FOR CARS PARKS
CALL : +2347030632185 +2348062438355 OR itunuola2009@yahoo.com
LAND SIZE:1HCTS
NUMBERS OF PUMPS:
* 18PUMPS FOR PMS
{EACH PUMP WITH 4 DISPENSING POINTS}
* DIESEL 2PUMPS
{EACH PUMP WITH 4 DISPENSING POINTS}
* KEROSENE 2PUMPS
{EACH PUMP WITH 4 DISPENSING POINTS}
STORAGE CAPACITY:
33000{LTRS} X 30 TRUCKS
=990000{LTRS}AT A TIME
OFFICES:
A STORES BUILDING WITH
10 RMS EN SUIT, A SUPER MARKET HALLS.
POWER SOURCE:NEPA{WITH INDENPENDENT TRANSFORMER 200KVA]
AND 200 KVA GENERATOR
OTHERS : A REMAININ LAND SIZE OF 5000M2
FOR OTHERS USES FOR CARS PARKS
CALL : +2347030632185 +2348062438355 OR itunuola2009@yahoo.com
Wednesday, July 21, 2010
SIGNAL FOR EVERYBODY
1. 21 July 2010
Forex Analysis – EURUSD – 21st July
EURUSD CHART
EURUSD CHART
Trend Direction: Bullish.
Trend Reversal Level: 1.2500
Key Support Levels: 1.2890, 1.2800, 1.2760, 1.2700
Key Resistance Levels: 1.3000, 1.3100
Entry Strategy: Buying dips in an uptrend while market trades above our trend reversal level.
Trade Suggestion: This pair on a technical basis is trading above minor bullish channel resistance line and now pulling back after it tested twice 1.3000 giving us a double top as well. Yesterday prices went as high as 1.2930 and did not sustain above key level 1.3000, which is bit of a concern.
Now we are seeing a pull back on this pair after a failure to trade above 1.3000 level, however this pair might find key support at 1.2800 level, which is a support from minor bullish channel and fib level as well. As on conservative basis we look to go long at 1.2800 levels after that we need price to hold at that level, targeting 1.3100, 1.3300 followed by 1.3500.
Aggressive trade is to go long after the break above 1.2900 targeting 1.3000.
Note: 1.3100 is a significant key level for this pair.
Alternate Scenario: Consider going short if prices break below 1.2800 key support area targeting 1.2760. 1.2700 followed by 1.2500
2. Trend Reversal Level: 1.4940
Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
Key Resistance Levels: 1.5300, 1.5470, 1.5630, 1.5960
Entry Strategy: Buying dips in an uptrend above our suggested trend reversal level.
Trade Suggestion: On this pair we have seen a pull back from its high from 1.5471 , which is also a resistance level. As this broke out of the weekly bearish channel, it is now currently testing that broken channel resistance and bouncing off those levels. As we suggested yesterday this level could be a key support to hold prices. Price did exactly that and bounced back.
We also suggested to go short if prices break below 1.5200 targeting 1.5150, price went to that level and found support and reversed and currently trading at 1.5300 level.
Our suggestion is to go long after the break of 1.5300 targeting 1.5400, 1.5470. If price breaks above 1.5470 it will then open doors targeting towards 1.5525 & 1.5725
3, Trend Direction: Bullish. Trend Reversal Level: 0.8630 Key Support Levels: 0.8800, 0.8760, 0.8740, 0.8700, 0.8650 Key Resistance Levels: 0.8850, 0.8900, 0.9000 Entry Strategy: Buying dips in an uptrend above our trend reversal level. Trade Suggestion: This pair has bounced back from it support level 0.8650 and currently trading at 0.8810 level. Yesterday it broke it’s [...]
Forex Analysis – EURUSD – 21st July
EURUSD CHART
EURUSD CHART
Trend Direction: Bullish.
Trend Reversal Level: 1.2500
Key Support Levels: 1.2890, 1.2800, 1.2760, 1.2700
Key Resistance Levels: 1.3000, 1.3100
Entry Strategy: Buying dips in an uptrend while market trades above our trend reversal level.
Trade Suggestion: This pair on a technical basis is trading above minor bullish channel resistance line and now pulling back after it tested twice 1.3000 giving us a double top as well. Yesterday prices went as high as 1.2930 and did not sustain above key level 1.3000, which is bit of a concern.
Now we are seeing a pull back on this pair after a failure to trade above 1.3000 level, however this pair might find key support at 1.2800 level, which is a support from minor bullish channel and fib level as well. As on conservative basis we look to go long at 1.2800 levels after that we need price to hold at that level, targeting 1.3100, 1.3300 followed by 1.3500.
Aggressive trade is to go long after the break above 1.2900 targeting 1.3000.
Note: 1.3100 is a significant key level for this pair.
Alternate Scenario: Consider going short if prices break below 1.2800 key support area targeting 1.2760. 1.2700 followed by 1.2500
2. Trend Reversal Level: 1.4940
Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
Key Resistance Levels: 1.5300, 1.5470, 1.5630, 1.5960
Entry Strategy: Buying dips in an uptrend above our suggested trend reversal level.
Trade Suggestion: On this pair we have seen a pull back from its high from 1.5471 , which is also a resistance level. As this broke out of the weekly bearish channel, it is now currently testing that broken channel resistance and bouncing off those levels. As we suggested yesterday this level could be a key support to hold prices. Price did exactly that and bounced back.
We also suggested to go short if prices break below 1.5200 targeting 1.5150, price went to that level and found support and reversed and currently trading at 1.5300 level.
Our suggestion is to go long after the break of 1.5300 targeting 1.5400, 1.5470. If price breaks above 1.5470 it will then open doors targeting towards 1.5525 & 1.5725
3, Trend Direction: Bullish. Trend Reversal Level: 0.8630 Key Support Levels: 0.8800, 0.8760, 0.8740, 0.8700, 0.8650 Key Resistance Levels: 0.8850, 0.8900, 0.9000 Entry Strategy: Buying dips in an uptrend above our trend reversal level. Trade Suggestion: This pair has bounced back from it support level 0.8650 and currently trading at 0.8810 level. Yesterday it broke it’s [...]
Saturday, July 10, 2010
BBC News Business Economy World Edition
IMF raises global growth estimate
The International Monetary Fund raises its world economic growth forecast for 2010 from 4.2% to 4.6%, but downgrades the UK.
Osborne defends OBR independence
Chancellor George Osborne defends the independence of the forecasting body, the OBR, amid reports it revised key numbers.
US releases delayed yuan report
The US Treasury's much-overdue report on China's currency says it is undervalued - but does not mention 'manipulation'.
Canadian employment rises sharply
Canada's employment levels surged by 93,200 in June, a far higher figure than analysts had expected.
UK rates kept at record low 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.
Banks optimism spurs market rally
A market rally in stocks, oil and the euro enters a third day, on hopes that European banks will pass stress tests.
Eurozone rates kept on hold at 1%
The ECB holds eurozone interest rates at a record low of 1% for the 14th month running, as expected.
Plan to change private pensions
The government wants to change the way some private sector pensions are calculated, affecting future income rises for many.
UK house prices wilting in summer
UK house prices have fallen slightly in the early summer compared with the start of the year, the Halifax says.
Manufacturing sees strong growth
UK manufacturing output grew in May at its fastest pace in more than 15 years, official data indicates.
US to access Europe's bank data
The European Parliament backs a new deal to allow US anti-terror investigators to access Europeans' bank data.
Quicker mobile switching planned
Mobile phone users will be able to transfer their number to a new provider in one working day, the regulator says.
Australian employment up sharply
Australia's employment level surged by 45,900 in June, far more than economists had expected, figures show.
Germany trade increases sharply
German imports rise at their fastest rate since the country's unification in 1990, outpacing a sharp rise in exports.
China to tax sales of oil and gas
China confirms that a new tax on sales of primary resources, being tested in Xinjiang, will be rolled out nationwide.
New bridge plan for MozambiqueMozambique's government has announced plans to build a $132m (£87m) bridge across the Zambezi River to help tap coal reserves.
Ageing EU gets pensions warning
Low EU birth rates and ageing populations mean member states must reform pension systems, the European Commission says.
MEPs approve bank bonuses limit
The European Parliament formally approves a deal placing new limits on bankers' bonuses from next year.
Up in smoke: Cuban cigars cut back in response to falling demand
Cuba has been forced to cut its tobacco harvest in response to a fall in demand for its famous Cuban cigars.
Cut consequences
How scrapping quangos will hit one UK town
Stephanomics
Office for Budget Responsibilty: Can it be independent?
Money trail
Anti-terror deal gives US access to bank data
Hewitt on Europe
Spain win on the pitch, but lose economically
Recovery hurts
Why recovery can be bad for you - and recession good
Bogus taxpayers
Illegal immigrants who always pay their dues
The International Monetary Fund raises its world economic growth forecast for 2010 from 4.2% to 4.6%, but downgrades the UK.
Osborne defends OBR independence
Chancellor George Osborne defends the independence of the forecasting body, the OBR, amid reports it revised key numbers.
US releases delayed yuan report
The US Treasury's much-overdue report on China's currency says it is undervalued - but does not mention 'manipulation'.
Canadian employment rises sharply
Canada's employment levels surged by 93,200 in June, a far higher figure than analysts had expected.
UK rates kept at record low 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.
Banks optimism spurs market rally
A market rally in stocks, oil and the euro enters a third day, on hopes that European banks will pass stress tests.
Eurozone rates kept on hold at 1%
The ECB holds eurozone interest rates at a record low of 1% for the 14th month running, as expected.
Plan to change private pensions
The government wants to change the way some private sector pensions are calculated, affecting future income rises for many.
UK house prices wilting in summer
UK house prices have fallen slightly in the early summer compared with the start of the year, the Halifax says.
Manufacturing sees strong growth
UK manufacturing output grew in May at its fastest pace in more than 15 years, official data indicates.
US to access Europe's bank data
The European Parliament backs a new deal to allow US anti-terror investigators to access Europeans' bank data.
Quicker mobile switching planned
Mobile phone users will be able to transfer their number to a new provider in one working day, the regulator says.
Australian employment up sharply
Australia's employment level surged by 45,900 in June, far more than economists had expected, figures show.
Germany trade increases sharply
German imports rise at their fastest rate since the country's unification in 1990, outpacing a sharp rise in exports.
China to tax sales of oil and gas
China confirms that a new tax on sales of primary resources, being tested in Xinjiang, will be rolled out nationwide.
New bridge plan for MozambiqueMozambique's government has announced plans to build a $132m (£87m) bridge across the Zambezi River to help tap coal reserves.
Ageing EU gets pensions warning
Low EU birth rates and ageing populations mean member states must reform pension systems, the European Commission says.
MEPs approve bank bonuses limit
The European Parliament formally approves a deal placing new limits on bankers' bonuses from next year.
Up in smoke: Cuban cigars cut back in response to falling demand
Cuba has been forced to cut its tobacco harvest in response to a fall in demand for its famous Cuban cigars.
Cut consequences
How scrapping quangos will hit one UK town
Stephanomics
Office for Budget Responsibilty: Can it be independent?
Money trail
Anti-terror deal gives US access to bank data
Hewitt on Europe
Spain win on the pitch, but lose economically
Recovery hurts
Why recovery can be bad for you - and recession good
Bogus taxpayers
Illegal immigrants who always pay their dues
Forex Strategy Books
Forex strategy e-books that are listed here provide information on the specific trading strategies as well as the use of particular Forex trading instruments. Basic knowledge of Forex trading is required to correctly understand and use these strategies.
Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.
If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.
1-2-3 System — A simple pattern trading system by Mark Crisp.
Bollinger Bandit Trading Strategy — A trading system based on Bollinger bands indicator by unknown author.
Value Area — from The Likos Letter.
The Dynamic Breakout II Strategy — by unknown author.
Ghost Trader Trading Strategy — by unknown author.
King Keltner Trading Strategy — by unknown author.
Scalp Trading Methods — by Kevin Ho.
LSS - An Introduction to the 3-Day Cycle Method — by George Angell.
Market Turns And Continuation Moves With The Tick Index — by Tim Ord.
The Money Manager Trading Strategy — by unknown author.
Picking Tops And Bottoms With The Tick Index — by Tim Ord.
The Super Combo Day Trading Strategy — by unknown author.
The Eleven Elliott Wave Patterns — by unknown author.
The Thermostat Trading Strategy — by unknown author.
Intraday trading with the TICK — by Christopher Terry.
Traders Trick Entry — by Traders Educators of Traders University.
Fibonacci Trader Journal — a journal covering different trading techniques based on Fibonacci indicators, by Robert Krausz. 12 issues.
Rapid Forex — a set of aggressive Forex trading strategies (Rapid Forex) by Robert Borowski and Stephen A. Pierce.
Microtrading the 1 Minute Chart — a small e-book aimed on Forex newbies to teach them the basics of M1 scalping.
BunnyGirl Forex Trading Strategy Rules and FAQ — set of rules for a BunnyGirl trading strategy based on WMA crossing.
The Daily Fozzy Method — by Michael Dunbar.
Forex Trader's Cheat Sheet — real Forex cheat sheet for position entry times/conditions by Quantum Research Management Group.
Offset Trading — a basic Forex news trading range breakout system by Dana Martin.
How to Trade Both Trend and Range Markets by Single Strategy? — by S.A. Ghafari.
A Practical Guide to Technical Indicators; Moving Averages — by S.A. Ghafari.
FX Wizard — essential Forex trading rules by Rob Walton.
FX Destroyer — a description of a rather simple Forex trading strategy, invloving moving averages, parabolic SAR and ADX indicators, by Izu Franks.
A Practical Guide to Swing Trading — a simple and practical guide to the swing trading strategy, by Larry Swing.
Practical Fibonacci Methods for Forex Trading — practical guide to Fibonacci levels with the real trade examples of the Forex strategy based on these levels, by Ken Marshall and Rob Moubray.
Using The Heikin-Ashi Technique — a short but detailed guide to trading using Heikin-Ashi charting technique, by Dan Valcu.
The Day Trade Forex System — an indicator-based strategy with detailed description, chart examples and minor advertising, by Erol Bortucene and Cynthia Macy.
5/13/62 — a revised and updated EMA-based Forex trading strategy explained in the 3-grade language, by Rob Booker.
Not So Squeezy Trading Manual — a description for the rather interesting trading strategy that utilizes indicators package under the same name, by Akuma99.
KobasFX Strategy — a simple MA+MACD Forex trading strategy by Obaseki O. A.
Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.
If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.
1-2-3 System — A simple pattern trading system by Mark Crisp.
Bollinger Bandit Trading Strategy — A trading system based on Bollinger bands indicator by unknown author.
Value Area — from The Likos Letter.
The Dynamic Breakout II Strategy — by unknown author.
Ghost Trader Trading Strategy — by unknown author.
King Keltner Trading Strategy — by unknown author.
Scalp Trading Methods — by Kevin Ho.
LSS - An Introduction to the 3-Day Cycle Method — by George Angell.
Market Turns And Continuation Moves With The Tick Index — by Tim Ord.
The Money Manager Trading Strategy — by unknown author.
Picking Tops And Bottoms With The Tick Index — by Tim Ord.
The Super Combo Day Trading Strategy — by unknown author.
The Eleven Elliott Wave Patterns — by unknown author.
The Thermostat Trading Strategy — by unknown author.
Intraday trading with the TICK — by Christopher Terry.
Traders Trick Entry — by Traders Educators of Traders University.
Fibonacci Trader Journal — a journal covering different trading techniques based on Fibonacci indicators, by Robert Krausz. 12 issues.
Rapid Forex — a set of aggressive Forex trading strategies (Rapid Forex) by Robert Borowski and Stephen A. Pierce.
Microtrading the 1 Minute Chart — a small e-book aimed on Forex newbies to teach them the basics of M1 scalping.
BunnyGirl Forex Trading Strategy Rules and FAQ — set of rules for a BunnyGirl trading strategy based on WMA crossing.
The Daily Fozzy Method — by Michael Dunbar.
Forex Trader's Cheat Sheet — real Forex cheat sheet for position entry times/conditions by Quantum Research Management Group.
Offset Trading — a basic Forex news trading range breakout system by Dana Martin.
How to Trade Both Trend and Range Markets by Single Strategy? — by S.A. Ghafari.
A Practical Guide to Technical Indicators; Moving Averages — by S.A. Ghafari.
FX Wizard — essential Forex trading rules by Rob Walton.
FX Destroyer — a description of a rather simple Forex trading strategy, invloving moving averages, parabolic SAR and ADX indicators, by Izu Franks.
A Practical Guide to Swing Trading — a simple and practical guide to the swing trading strategy, by Larry Swing.
Practical Fibonacci Methods for Forex Trading — practical guide to Fibonacci levels with the real trade examples of the Forex strategy based on these levels, by Ken Marshall and Rob Moubray.
Using The Heikin-Ashi Technique — a short but detailed guide to trading using Heikin-Ashi charting technique, by Dan Valcu.
The Day Trade Forex System — an indicator-based strategy with detailed description, chart examples and minor advertising, by Erol Bortucene and Cynthia Macy.
5/13/62 — a revised and updated EMA-based Forex trading strategy explained in the 3-grade language, by Rob Booker.
Not So Squeezy Trading Manual — a description for the rather interesting trading strategy that utilizes indicators package under the same name, by Akuma99.
KobasFX Strategy — a simple MA+MACD Forex trading strategy by Obaseki O. A.
Forex Education
This information will provide you with the basic knowledge, techniques a novice Forex trader should have as you take your first steps in the fascinating world of Forex.
The Forex market has the trading volume of approximately 3 trillion a day. To be in the action you need a computer with an internet connection.
The Forex market is open 24 hours a day, so that you can be right there trading whenever you hear a financial scoop. Unlike the stock market, a smaller market with tens of thousands of stocks to choose from, the Forex market revolves around more or less eight major currencies. A narrow choice means no rooms for confusion, so even though the market is huge.
The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion! Now apart from being a really cool statistic, the sheer massive scope of the Forex market is also one of its biggest advantages. The enormous volume of daily trades makes it the most liquid market in the world.
It doesn’t take a financial genius to figure out that the biggest attraction of any market, or any financial venture for that matter, is the opportunity of profit.
Forex market, profitability is expressed in a number of ways. Unlike most financial markets, the Forex market allows you to start trading with relatively low initial capital. At Fx Highsummit, you can start trading Forex with as little as $500.00
Forex market doesn’t require large initial investments because it allows you to use leveraged trading. This means that Forex trading has the profit (and loss) potential of tens and even hundreds of percent a day.
What is unique about the Forex market is that any sort of movement is an opportunity to trade. Whether a currency is crashing or soaring, there is always room for speculation, since you always have the option of buying or selling the currency of your choice. Unlike the stock market, you are not limited to speculating on rising stocks, and a falling market is just as good for business as a rising market.
Having said all that, it is important to remember that as profitable as the Forex market is, it still carries all the risks involved with financial trading. You should always be aware of the risk, and never risk money that you can’t afford to lose.
The market is always on the move, and every tiny shift in currency rates can mean profits and losses of hundreds and even thousands of dollars!
Forex market eight most traded currencies on the Forex market:
AUD Australian Dollar
CAD Canadian Dollar
CHF Swiss Franc
EUR Euro
GBP British Pound
JPY Japanese Yen
NZD New Zealand Dollar
USD U.S. Dollar
Forex trading is always done in pairs, since any trade involves the simultaneous buying of a currency and selling of another currency.
When buying or selling a currency pair, each pair has its own Bid/Ask rate, example:
Pair Bid Ask
EUR/USD 1.5419 1.5421
This means you could either Buy the pair at the Ask rate Which means:
Buy 1EUR / Sell $1.5421
or
Sell the pair at the Bid rate Which means:
Sell 1 EUR / Buy $1.5419
But where’s the opportunity for profit?
The currency pair rates are volatile and constantly changing. One way to profit is by buying a pair, then selling it at a higher rate.
The second way is by selling the pair, then buying it at a lower rate.
Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future. Although this may seem pretty basic, being able to identify when a pair is in a trend and when it isn't will help you to increase your chances to profit consistently in the Forex market. When you can identify a trend, you can estimate what direction the rate of a currency pair is going to go in. You should exploit the direction of the trend you identify by placing a trade in that direction.
If it’s an uptrend, meaning that the rate is increasing, buying the currency pair will give you a better probability for profit. If it’s a downtrend, meaning that the rate is decreasing, selling the currency pair will give you a better chance of making money.
How do I identify a trend? What are the characteristics of a trend? The simplest way to identify a trend is through the distinct patterns that the price forms. These can tell you if the market is moving in an uptrend or downtrend.
When a trend is taking place in a Forex pair, the price movements start to form peaks and valleys in the chart of that pair, which are easily identified. In an uptrend, the price movements form a series of higher peaks and higher valleys.
In a down trend, the price movements form a series of lower peaks and lower valleys:
It’s important to note that during some trading days the trend is hard to spot, some trading days show no trend (the price movements form a Range), and some time you’re bound to run into the occasional reversal, so this is not a perfectly accurate or 100% reliable indicator for trading.
Trading ranges can be really unpredictable, which is why you should always look for trading trends. It’s a good idea to stay out all together during a range, and get back in only when the markets start to trend again.
Warning: Speculating on Forex rates involves great amount of risk. Be advised that even the most sophisticated traders can't always predict market movements' directions.
If you’ve been at all exposed to the world of Forex you’ve probably heard the word “Leverage” being tossed around. But what exactly is “Leverage”? Leverage is a very important part of Forex trading, and it’s critical that you know exactly how it works and how to use it. It is the term Forex traders use to refer to the ratio of invested amount related to the trade's actual value. Forex brokers usually provide their customers with the option to trade on borrowed capital, so that traders don’t have to invest tens of thousands of dollars for the chance to make any real profit. When you trade at a leverage of 1:100, or X100, it means that for every $1 that you invest in the market, the broker invests $100. As a result, you can control an amount of $10,000 by investing $100.
Fx Highsummit provides traders with the opportunity of trading at up to 1:400 leverage.
It probably won’t surprise you when we say that with greater opportunity for profit comes greater risk. Just like slight fluctuations in currency rates can make you significant amounts of money, it can also cause you to lose your money very quickly. The higher the leverage, the larger the profit that you stand to make and the quicker you might lose your investment. A leverage of 1:400 can make you more money than a leverage of 1:100, but it also puts your initial investment at more risk.
If you trade with a leverage of 1:100 the market would have to move 100 pips against you for your position to be wiped out. On the other hand, if you trade with a leverage of 1:400 the market would only have to move 25 points against you for your position to be wiped out. We recommend first opening a position with a low 1:100 Leverage, and only once you see that you’ve hit a strong trend, consider opening one with a 1:400 leverage.
Remember, Leverage can be a trader’s best friend when used carefully, and his worst enemy when used recklessly. It is a great tool for increasing profits, in fact private traders rarely trade without it, but you should always keep in mind that the higher the leverage is – the higher the risk level involved.
Here is a to‐do list of actions to be taken as you open a trade:
‐ Identify the pair to buy/sell
‐ Decide on the initial investment amount
‐ Choose the appropriate leverage
‐ Consider applying trade limits
‐ Open trade
The Forex market is open 24 hours a day, but what are the best times to make a profit? Even though the Forex market is open 24 hours a day with the exception of weekends, not all hours are as equally good for trading. The reason that the Forex market is open 24 hours a day is that it is made up of different sessions around the globe that between them cover 24 hours. The more markets are active at the same time, the more trades are being executed, and the more action for you to cash in on.
Practice with Virtual Money Use virtual money mode for practice. Our platform provides you with a practice environment. Virtual money mode works exactly the same as real trading mode and uses the same real time rates, with the small difference of no risk involved. We recommend using the practice mode to get to know the platform and gain Forex trading experience. And even after you’ve begun trading with real money, it is the perfect place to try out your trading strategies. There is no point in risking your money to test out a possible theory, when you can do so with the same success minus the risk.
Don't forget FOREX TRADING is a RISKY business.
The Forex market has the trading volume of approximately 3 trillion a day. To be in the action you need a computer with an internet connection.
The Forex market is open 24 hours a day, so that you can be right there trading whenever you hear a financial scoop. Unlike the stock market, a smaller market with tens of thousands of stocks to choose from, the Forex market revolves around more or less eight major currencies. A narrow choice means no rooms for confusion, so even though the market is huge.
The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion! Now apart from being a really cool statistic, the sheer massive scope of the Forex market is also one of its biggest advantages. The enormous volume of daily trades makes it the most liquid market in the world.
It doesn’t take a financial genius to figure out that the biggest attraction of any market, or any financial venture for that matter, is the opportunity of profit.
Forex market, profitability is expressed in a number of ways. Unlike most financial markets, the Forex market allows you to start trading with relatively low initial capital. At Fx Highsummit, you can start trading Forex with as little as $500.00
Forex market doesn’t require large initial investments because it allows you to use leveraged trading. This means that Forex trading has the profit (and loss) potential of tens and even hundreds of percent a day.
What is unique about the Forex market is that any sort of movement is an opportunity to trade. Whether a currency is crashing or soaring, there is always room for speculation, since you always have the option of buying or selling the currency of your choice. Unlike the stock market, you are not limited to speculating on rising stocks, and a falling market is just as good for business as a rising market.
Having said all that, it is important to remember that as profitable as the Forex market is, it still carries all the risks involved with financial trading. You should always be aware of the risk, and never risk money that you can’t afford to lose.
The market is always on the move, and every tiny shift in currency rates can mean profits and losses of hundreds and even thousands of dollars!
Forex market eight most traded currencies on the Forex market:
AUD Australian Dollar
CAD Canadian Dollar
CHF Swiss Franc
EUR Euro
GBP British Pound
JPY Japanese Yen
NZD New Zealand Dollar
USD U.S. Dollar
Forex trading is always done in pairs, since any trade involves the simultaneous buying of a currency and selling of another currency.
When buying or selling a currency pair, each pair has its own Bid/Ask rate, example:
Pair Bid Ask
EUR/USD 1.5419 1.5421
This means you could either Buy the pair at the Ask rate Which means:
Buy 1EUR / Sell $1.5421
or
Sell the pair at the Bid rate Which means:
Sell 1 EUR / Buy $1.5419
But where’s the opportunity for profit?
The currency pair rates are volatile and constantly changing. One way to profit is by buying a pair, then selling it at a higher rate.
The second way is by selling the pair, then buying it at a lower rate.
Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future. Although this may seem pretty basic, being able to identify when a pair is in a trend and when it isn't will help you to increase your chances to profit consistently in the Forex market. When you can identify a trend, you can estimate what direction the rate of a currency pair is going to go in. You should exploit the direction of the trend you identify by placing a trade in that direction.
If it’s an uptrend, meaning that the rate is increasing, buying the currency pair will give you a better probability for profit. If it’s a downtrend, meaning that the rate is decreasing, selling the currency pair will give you a better chance of making money.
How do I identify a trend? What are the characteristics of a trend? The simplest way to identify a trend is through the distinct patterns that the price forms. These can tell you if the market is moving in an uptrend or downtrend.
When a trend is taking place in a Forex pair, the price movements start to form peaks and valleys in the chart of that pair, which are easily identified. In an uptrend, the price movements form a series of higher peaks and higher valleys.
In a down trend, the price movements form a series of lower peaks and lower valleys:
It’s important to note that during some trading days the trend is hard to spot, some trading days show no trend (the price movements form a Range), and some time you’re bound to run into the occasional reversal, so this is not a perfectly accurate or 100% reliable indicator for trading.
Trading ranges can be really unpredictable, which is why you should always look for trading trends. It’s a good idea to stay out all together during a range, and get back in only when the markets start to trend again.
Warning: Speculating on Forex rates involves great amount of risk. Be advised that even the most sophisticated traders can't always predict market movements' directions.
If you’ve been at all exposed to the world of Forex you’ve probably heard the word “Leverage” being tossed around. But what exactly is “Leverage”? Leverage is a very important part of Forex trading, and it’s critical that you know exactly how it works and how to use it. It is the term Forex traders use to refer to the ratio of invested amount related to the trade's actual value. Forex brokers usually provide their customers with the option to trade on borrowed capital, so that traders don’t have to invest tens of thousands of dollars for the chance to make any real profit. When you trade at a leverage of 1:100, or X100, it means that for every $1 that you invest in the market, the broker invests $100. As a result, you can control an amount of $10,000 by investing $100.
Fx Highsummit provides traders with the opportunity of trading at up to 1:400 leverage.
It probably won’t surprise you when we say that with greater opportunity for profit comes greater risk. Just like slight fluctuations in currency rates can make you significant amounts of money, it can also cause you to lose your money very quickly. The higher the leverage, the larger the profit that you stand to make and the quicker you might lose your investment. A leverage of 1:400 can make you more money than a leverage of 1:100, but it also puts your initial investment at more risk.
If you trade with a leverage of 1:100 the market would have to move 100 pips against you for your position to be wiped out. On the other hand, if you trade with a leverage of 1:400 the market would only have to move 25 points against you for your position to be wiped out. We recommend first opening a position with a low 1:100 Leverage, and only once you see that you’ve hit a strong trend, consider opening one with a 1:400 leverage.
Remember, Leverage can be a trader’s best friend when used carefully, and his worst enemy when used recklessly. It is a great tool for increasing profits, in fact private traders rarely trade without it, but you should always keep in mind that the higher the leverage is – the higher the risk level involved.
Here is a to‐do list of actions to be taken as you open a trade:
‐ Identify the pair to buy/sell
‐ Decide on the initial investment amount
‐ Choose the appropriate leverage
‐ Consider applying trade limits
‐ Open trade
The Forex market is open 24 hours a day, but what are the best times to make a profit? Even though the Forex market is open 24 hours a day with the exception of weekends, not all hours are as equally good for trading. The reason that the Forex market is open 24 hours a day is that it is made up of different sessions around the globe that between them cover 24 hours. The more markets are active at the same time, the more trades are being executed, and the more action for you to cash in on.
Practice with Virtual Money Use virtual money mode for practice. Our platform provides you with a practice environment. Virtual money mode works exactly the same as real trading mode and uses the same real time rates, with the small difference of no risk involved. We recommend using the practice mode to get to know the platform and gain Forex trading experience. And even after you’ve begun trading with real money, it is the perfect place to try out your trading strategies. There is no point in risking your money to test out a possible theory, when you can do so with the same success minus the risk.
Don't forget FOREX TRADING is a RISKY business.
Saturday, June 19, 2010
Margins and Leverages... A perception that a company offering a high leverage is good for the investor, is wrong.. Its a double-sided SWORD !!
Margins and Leverages
In forex markets huge profits can be earned in a single week, maybe a single day or even in an hour. The forex market allows you to use one very special feature that is not as common in the stock market: leverage. The leverage of the forex market is not as simple as 1:2 leverage, but 1:100, and sometimes even 1:500. This means that for every dollar you have in your account, you can trade one hundred dollars and profit from those hundred dollars.
Leverage can prove to be helpful when your strategy is right and the trade is going in your favour. In view of the fact that the leverage makes the transaction volume a hundred times bigger, your profits are also a hundred times bigger. This means if the currency pair moves 1% in your favour, you made a profit of 100%, or your account is doubled. If the currency pair moved 3%, your multiplied the investment by four. With higher leverages, even a change of 0.5% can make your account four times.
Like every coin has two sides Leverage also has the other side. The last paragraph talked about the profits but there was a condition “if your strategy is right”. Now imagine if the strategy goes wrong (the chances are very fair) and the market turns against you. Just as your profits, your losses are also multiplied by the leverage. If a trade is going 0.2% against you, you are losing 20% and if the pair you are trading goes 1% against you, your entire investment is gone. If you invested all your money in that transaction, your broker will give you a margin call and you will need to fund your account again.
Many investors get attracted to brokers who use this great tool to lure traders and make huge profits. Leverage is a kind of loan, so the broker is earning interest on the money it lends you for leverage. Also, brokers use leverage to attract traders, but they hide the risks behind shiny presentation of profits. Honest brokers mention that leveraging your positions can bring big losses with them as well as huge profits. Handling leverage is very easy, and should be exercised by any trader. When opening a trade, make sure to select the proper amount of leverage. Most good trading systems automatically adjust the leverage for optimal results and minimal risks. This way you can enjoy both worlds - profit from leverage, but not be harmed too much from leveraging a losing trade. I trade with 1:100 leverage. To trade safely with leverage, get yourself an honest forex broker and a good forex trading system.
Here are 7 tips that I found on the internet to achieve success with forex trading: (very relevant)
1. Do not trade without stop loss point.
2. Do not focus too hard on achieving a certain target. Nobody knows which way the price is going.
3. Always use 3% of money management at most.
4. Try one strategy at a time and strict to that rule for at least 6 months. If you are really strict to the rule and the number of win is less than the number of loss, don’t use that strategy anymore.
5. Do not trade on news. It’s really unpredictable.
6. Do not quit after a few losses or a low profit margin.
7. Don’t trade when you are not in a good condition. Your physical, mental and emotional state will have a direct impact on your Forex trading result.
The last tip has a significant influence on forex trading leverage but is frequently overlooked and underestimated.
In forex markets huge profits can be earned in a single week, maybe a single day or even in an hour. The forex market allows you to use one very special feature that is not as common in the stock market: leverage. The leverage of the forex market is not as simple as 1:2 leverage, but 1:100, and sometimes even 1:500. This means that for every dollar you have in your account, you can trade one hundred dollars and profit from those hundred dollars.
Leverage can prove to be helpful when your strategy is right and the trade is going in your favour. In view of the fact that the leverage makes the transaction volume a hundred times bigger, your profits are also a hundred times bigger. This means if the currency pair moves 1% in your favour, you made a profit of 100%, or your account is doubled. If the currency pair moved 3%, your multiplied the investment by four. With higher leverages, even a change of 0.5% can make your account four times.
Like every coin has two sides Leverage also has the other side. The last paragraph talked about the profits but there was a condition “if your strategy is right”. Now imagine if the strategy goes wrong (the chances are very fair) and the market turns against you. Just as your profits, your losses are also multiplied by the leverage. If a trade is going 0.2% against you, you are losing 20% and if the pair you are trading goes 1% against you, your entire investment is gone. If you invested all your money in that transaction, your broker will give you a margin call and you will need to fund your account again.
Many investors get attracted to brokers who use this great tool to lure traders and make huge profits. Leverage is a kind of loan, so the broker is earning interest on the money it lends you for leverage. Also, brokers use leverage to attract traders, but they hide the risks behind shiny presentation of profits. Honest brokers mention that leveraging your positions can bring big losses with them as well as huge profits. Handling leverage is very easy, and should be exercised by any trader. When opening a trade, make sure to select the proper amount of leverage. Most good trading systems automatically adjust the leverage for optimal results and minimal risks. This way you can enjoy both worlds - profit from leverage, but not be harmed too much from leveraging a losing trade. I trade with 1:100 leverage. To trade safely with leverage, get yourself an honest forex broker and a good forex trading system.
Here are 7 tips that I found on the internet to achieve success with forex trading: (very relevant)
1. Do not trade without stop loss point.
2. Do not focus too hard on achieving a certain target. Nobody knows which way the price is going.
3. Always use 3% of money management at most.
4. Try one strategy at a time and strict to that rule for at least 6 months. If you are really strict to the rule and the number of win is less than the number of loss, don’t use that strategy anymore.
5. Do not trade on news. It’s really unpredictable.
6. Do not quit after a few losses or a low profit margin.
7. Don’t trade when you are not in a good condition. Your physical, mental and emotional state will have a direct impact on your Forex trading result.
The last tip has a significant influence on forex trading leverage but is frequently overlooked and underestimated.
Thursday, June 17, 2010
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Thursday, June 10, 2010
WE ARE GIVE U AMAZING NEWS OF THE DAY
EUR/USD
The Euro again found support close to 1.19 against the dollar on Tuesday and made an attempt at breaking back above resistance in the 1.20 area.
The German industrial data was again stronger than expected with a 0.9% monthly increase, but this failed to have a major impact as any positive impact had been reflected by the orders data on Monday. Buying support generally remained dependent on short covering and wider position adjustment with little evidence of significant support for the Euro.
Yield spreads on Euro-zone bonds failed to narrow significantly as underlying confidence in the Euro area remained extremely weak. Sovereign debt issues remained a key market focus while there were fears that weaker Euro members could be forced to withdraw from the Euro area. The evidence suggested that Euro policymakers remain uneasy over the pace of the Euro’s decline, but also that there are no significant concerns over the currency’s level. In this environment, there will be market expectations that the Euro will weaken further in the medium term.
Fed Chairman Bernanke made some generally positive comments on global economic trends which helped stabilise global risk appetite to some extent. There was a decline in the latest IDB consumer confidence data which may raise some doubts over future spending trends, but the impact was limited.
The Euro failed to push above the 1.20 level and weakened back to the 1.1940 area later in the US session as equities drifted lower.
Yen
The latest domestic banking-sector data recorded a 2.0% decline in lending in the year to May which will maintain expectations that Japan will need robust export growth to offset the impact of very weak domestic demand and credit. There will be further pressure to maintain a competitive yen and the government is likely to maintain its overall opposition to currency gains.
There was some stabilisation in risk conditions during Tuesday and the dollar edged higher to around 91.80, but was unable to break above the 92 resistance zone as caution prevailed.
Confidence surrounding the global economy remained generally fragile with equity markets unable to make significant headway and the dollar dipped to test lows before rebounding back to around 91.30 as there was still solid dollar buying support on dips.
Sterling
Sterling edged higher on Monday with an improved BRC retail sales report helping to stabilise confidence, but there was significant resistance above the 1.45 level against the US dollar.
In comments on Tuesday, ratings agency Fitch warned that the UK government faced formidable challenges over fiscal policy and that speedy cuts in spending levels were required to stabilise the deficit position. To some extent the report held no new information as the government itself has already warned that there needs to be greater than expected spending cuts. The remarks still triggered significant selling pressure on Sterling and there was a decline to important support levels close to 1.4350 before a rally back to above 1.44 later in New York.
The Euro strengthened back above 0.83 from 18-month lows seen on Monday. The UK currency will remain vulnerable to concerns over a possible credit-rating downgrade, although the potential negative impact will be offset by expectations that difficulties are even worse within the Euro-zone.
Uncertainty over the Bank of England’s monetary policy will maintain the potential for erratic Sterling moves ahead of Thursday’s MPC policy meeting.
Swiss franc
The dollar hit resistance close to 1.1640 against the franc on Tuesday and weakened sharply to test support levels below 1.15 before stabilising above this level. Cross-market moves remained an extremely important influence during the day.
Initially, the Euro weakened to test fresh record lows below 1.38 against the franc before rebounding strongly to near 1.39 in very volatile trading conditions. There was strong speculation that the National Bank had intervened to weaken the franc, although the bank, as usual, declined to comment on the speculation.
While sovereign debt fears remain important within the Euro-zone, there is unlikely to be strong selling pressure on the Swiss franc
Australian dollar
The Australian dollar found support below 0.81 against the dollar on Tuesday and secured firm gains during the day with a peak above the 0.8280 level. There was some evidence of bargain hunting during the session after a succession of heavy losses during the past few days.
Underlying risk appetite is likely to remain fragile in the short term and the Australian dollar will be vulnerable to renewed selling pressure if there is a sustained decline in commodity prices.
The Euro again found support close to 1.19 against the dollar on Tuesday and made an attempt at breaking back above resistance in the 1.20 area.
The German industrial data was again stronger than expected with a 0.9% monthly increase, but this failed to have a major impact as any positive impact had been reflected by the orders data on Monday. Buying support generally remained dependent on short covering and wider position adjustment with little evidence of significant support for the Euro.
Yield spreads on Euro-zone bonds failed to narrow significantly as underlying confidence in the Euro area remained extremely weak. Sovereign debt issues remained a key market focus while there were fears that weaker Euro members could be forced to withdraw from the Euro area. The evidence suggested that Euro policymakers remain uneasy over the pace of the Euro’s decline, but also that there are no significant concerns over the currency’s level. In this environment, there will be market expectations that the Euro will weaken further in the medium term.
Fed Chairman Bernanke made some generally positive comments on global economic trends which helped stabilise global risk appetite to some extent. There was a decline in the latest IDB consumer confidence data which may raise some doubts over future spending trends, but the impact was limited.
The Euro failed to push above the 1.20 level and weakened back to the 1.1940 area later in the US session as equities drifted lower.
Yen
The latest domestic banking-sector data recorded a 2.0% decline in lending in the year to May which will maintain expectations that Japan will need robust export growth to offset the impact of very weak domestic demand and credit. There will be further pressure to maintain a competitive yen and the government is likely to maintain its overall opposition to currency gains.
There was some stabilisation in risk conditions during Tuesday and the dollar edged higher to around 91.80, but was unable to break above the 92 resistance zone as caution prevailed.
Confidence surrounding the global economy remained generally fragile with equity markets unable to make significant headway and the dollar dipped to test lows before rebounding back to around 91.30 as there was still solid dollar buying support on dips.
Sterling
Sterling edged higher on Monday with an improved BRC retail sales report helping to stabilise confidence, but there was significant resistance above the 1.45 level against the US dollar.
In comments on Tuesday, ratings agency Fitch warned that the UK government faced formidable challenges over fiscal policy and that speedy cuts in spending levels were required to stabilise the deficit position. To some extent the report held no new information as the government itself has already warned that there needs to be greater than expected spending cuts. The remarks still triggered significant selling pressure on Sterling and there was a decline to important support levels close to 1.4350 before a rally back to above 1.44 later in New York.
The Euro strengthened back above 0.83 from 18-month lows seen on Monday. The UK currency will remain vulnerable to concerns over a possible credit-rating downgrade, although the potential negative impact will be offset by expectations that difficulties are even worse within the Euro-zone.
Uncertainty over the Bank of England’s monetary policy will maintain the potential for erratic Sterling moves ahead of Thursday’s MPC policy meeting.
Swiss franc
The dollar hit resistance close to 1.1640 against the franc on Tuesday and weakened sharply to test support levels below 1.15 before stabilising above this level. Cross-market moves remained an extremely important influence during the day.
Initially, the Euro weakened to test fresh record lows below 1.38 against the franc before rebounding strongly to near 1.39 in very volatile trading conditions. There was strong speculation that the National Bank had intervened to weaken the franc, although the bank, as usual, declined to comment on the speculation.
While sovereign debt fears remain important within the Euro-zone, there is unlikely to be strong selling pressure on the Swiss franc
Australian dollar
The Australian dollar found support below 0.81 against the dollar on Tuesday and secured firm gains during the day with a peak above the 0.8280 level. There was some evidence of bargain hunting during the session after a succession of heavy losses during the past few days.
Underlying risk appetite is likely to remain fragile in the short term and the Australian dollar will be vulnerable to renewed selling pressure if there is a sustained decline in commodity prices.
WE ARE GIVING U AMAZING OPPORTUNITY OF GETING 10%OF UR MONEY EVERY MONTH
Hello to all lovers of forex want to welcome everyone in this new project called www.getur10moneymouthlyonforex.blogspot.com forex portal with global reach.We are offering perks for those who register on the site.They will have 24 hours online news and the most varied choice of brokers to get started today to negotiate the different pairs.Was officially given the word to improve day by day, to obtain the maximum benefit from it.
Hello to all lovers of forex want to welcome everyone in this new project called www.getur10moneymouthlyonforex.blogspot.com forex portal with global reach.We are offering perks for those who register on the site.They will have 24 hours online news and the most varied choice of brokers to get started today to negotiate the different pairs.Was officially given the word to improve day by day, to obtain the maximum benefit from it.
Wednesday, June 9, 2010
Forex FAQ
Forex FAQ
The answers to the most popular questions about Forex market are presented in this FAQ:
* What is Forex?
* How can I start trading Forex?
* Who owns Forex and where is it located?
* What are the working hours of Forex market?
* What is margin?
* What are the "long" and "short" positions?
* What is the best Forex trading strategy?
* How much money do I need to start trading Forex?
* I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
* I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
* I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
* Can I lose more than I invest in Forex?
* Your question was not answered here?
What is Forex?
You can read the detailed answer in the separate section of the site — "What is Forex?".
How can I start trading Forex?
You'll need to register a trading account with a Forex broker, such as Marketiva. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!
Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an Interbank market, meaning that its transactions are conducted only between two participants - seller and the buyer. So as long as the current banking system will exist, Forex will be here. It's not connected to any specific country or government organization.
What are the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).
What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up. Short position is a "sell" position, meaning that this position will be in profit if price goes down.
What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs.
How much money do I need to start trading Forex?
With some Forex brokers you can start trading Forex with as little as $1. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for Interbank trading).
I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
If you don't want (or it is not possible) to install new software to start trading Forex then a good option for you would be using web based trading platform. You can browse our Forex brokers list to find those which support such platform. Here is a short list of those brokers which have web based trading options:
* eToro
* Aurora Global Markets
* Easy Forex
* Forex Capital Trading
* Oanda
* Interactive Brokers
I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Expert Advisors User's Tutorial to find out how to intstall those expert advisors.
I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Indicators User's Tutorial to find out how to intstall those indicators.
Can I lose more than I invest in Forex?
No. The broker won't allow you to lose more than the available funds on your trading account. It will simply close your losing position when the resulting account balance becomes too close to zero. The loss that is bigger than the trader's deposit is a direct loss of the Forex broker. It's in the brokers' interest to prevent such losses. To secure themselves brokers implement a Stop-Out level (usually about 20%), which means that the most losing position will be closed once (free margin / used margin) * 100% becomes equal or less than this level.
Your question was not answered here?
You can try to find an answer on the Forex forum or you can contact me if the question isn't answered anywhere.
The answers to the most popular questions about Forex market are presented in this FAQ:
* What is Forex?
* How can I start trading Forex?
* Who owns Forex and where is it located?
* What are the working hours of Forex market?
* What is margin?
* What are the "long" and "short" positions?
* What is the best Forex trading strategy?
* How much money do I need to start trading Forex?
* I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
* I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
* I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
* Can I lose more than I invest in Forex?
* Your question was not answered here?
What is Forex?
You can read the detailed answer in the separate section of the site — "What is Forex?".
How can I start trading Forex?
You'll need to register a trading account with a Forex broker, such as Marketiva. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!
Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an Interbank market, meaning that its transactions are conducted only between two participants - seller and the buyer. So as long as the current banking system will exist, Forex will be here. It's not connected to any specific country or government organization.
What are the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).
What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up. Short position is a "sell" position, meaning that this position will be in profit if price goes down.
What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs.
How much money do I need to start trading Forex?
With some Forex brokers you can start trading Forex with as little as $1. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for Interbank trading).
I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
If you don't want (or it is not possible) to install new software to start trading Forex then a good option for you would be using web based trading platform. You can browse our Forex brokers list to find those which support such platform. Here is a short list of those brokers which have web based trading options:
* eToro
* Aurora Global Markets
* Easy Forex
* Forex Capital Trading
* Oanda
* Interactive Brokers
I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Expert Advisors User's Tutorial to find out how to intstall those expert advisors.
I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Indicators User's Tutorial to find out how to intstall those indicators.
Can I lose more than I invest in Forex?
No. The broker won't allow you to lose more than the available funds on your trading account. It will simply close your losing position when the resulting account balance becomes too close to zero. The loss that is bigger than the trader's deposit is a direct loss of the Forex broker. It's in the brokers' interest to prevent such losses. To secure themselves brokers implement a Stop-Out level (usually about 20%), which means that the most losing position will be closed once (free margin / used margin) * 100% becomes equal or less than this level.
Your question was not answered here?
You can try to find an answer on the Forex forum or you can contact me if the question isn't answered anywhere.
Forex Advertising
Forex Advertising
EarnForex.com receives only high quality and extremely targeted traffic which comes mainly from search engines, online directories and Forex related forums. Visitors are highly interested in everything about Forex and financial trading. Constantly updated content keeps a large part of our readers revisiting EarnForex.com on a daily basis.
The advertising rates are quite moderate, making your Forex advertisements an effective marketing tool. Buying Forex ads (banners or text link) will bring you only high quality targeted visitors.
The following types of Forex advertisements are currently available (all placements are site-wide unless stated otherwise):
Site except Blog part and Russian language part
Ad Placement Plan for English Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title image) — $1799/month or $500/week. Unavailable.
2. Bottom banner position, 468x60 (just above the risk disclaimer) — $999/month or $250/week. Unavailable.
3. Menu banner position, 120x60 (under the site menu) — $499/month or $170/week. Unavailable.
Text link advertisement rates:
4. Bottom text link position (just above the risk disclaimer) — $199/month or $60/week. Available.
5. Menu text link position (under the site menu) — $175/month or $50/week. Available.
6. Featured Forex broker listing — from $600/month. Featured brokers appear at preset positions (in the default view) and are also highlighted for more visitors' attention. Featured brokers appear so in all relevant broker categories. Available.
7. Featured text link listing on the "Forex Resources" page — $300/year. Featured link is showing in a bold style and appears above all non-featured links. Available.
Blog part
Ad Placement Plan for Blog Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title) — $720/month or $200/week. Available.
2. Bottom banner position, 468x60 (just below all posts) — $460/month or $150/week. Unavailable.
3. Menu banner position, 120x60 (just below the text links) — $260/month or $80/week. Available.
Text link advertisement rates:
4. Menu text link position (just below the main menu) — $150/month or $45/week. Available.
Russian language part
Ad Placement Plan for Russian Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title image) — $459/month or $150/week. Unavailable.
2. Bottom banner position, 468x60 position (just above the risk disclaimer) — $320/month or $100/week. Unavailable.
3. Menu banner position, 120x60 (under the site menu) — $150/month or $45/week. Available.
Text link advertisement rates:
4. Bottom text link position (just above the risk disclaimer) — $75/month or $25/week. Available.
5. Menu text link position (under the site menu) — $75/month or $25/week. Available.
6. Featured text link listing on the "Forex ресурсы" page — $125/year. Featured link is showing in a bold style and appears above all non-featured links. Available.
Additional information
Discount for 12-month orders — 10%.
Other banner positions and their rates can be negotiated.
Available methods of paying for the Forex advertising:
* Wire transfer
* Moneybookers
If you want to buy Forex advertising on this site, please, contact us.
All advertisement prices can be changed without any notice.
All ad placements are provided AS IS and no results are guaranteed. If you aren't satisfied with the results, the payment WON'T be refunded under any circumstances. Though, we'll try to make your ad experience as effective as possible
EarnForex.com receives only high quality and extremely targeted traffic which comes mainly from search engines, online directories and Forex related forums. Visitors are highly interested in everything about Forex and financial trading. Constantly updated content keeps a large part of our readers revisiting EarnForex.com on a daily basis.
The advertising rates are quite moderate, making your Forex advertisements an effective marketing tool. Buying Forex ads (banners or text link) will bring you only high quality targeted visitors.
The following types of Forex advertisements are currently available (all placements are site-wide unless stated otherwise):
Site except Blog part and Russian language part
Ad Placement Plan for English Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title image) — $1799/month or $500/week. Unavailable.
2. Bottom banner position, 468x60 (just above the risk disclaimer) — $999/month or $250/week. Unavailable.
3. Menu banner position, 120x60 (under the site menu) — $499/month or $170/week. Unavailable.
Text link advertisement rates:
4. Bottom text link position (just above the risk disclaimer) — $199/month or $60/week. Available.
5. Menu text link position (under the site menu) — $175/month or $50/week. Available.
6. Featured Forex broker listing — from $600/month. Featured brokers appear at preset positions (in the default view) and are also highlighted for more visitors' attention. Featured brokers appear so in all relevant broker categories. Available.
7. Featured text link listing on the "Forex Resources" page — $300/year. Featured link is showing in a bold style and appears above all non-featured links. Available.
Blog part
Ad Placement Plan for Blog Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title) — $720/month or $200/week. Available.
2. Bottom banner position, 468x60 (just below all posts) — $460/month or $150/week. Unavailable.
3. Menu banner position, 120x60 (just below the text links) — $260/month or $80/week. Available.
Text link advertisement rates:
4. Menu text link position (just below the main menu) — $150/month or $45/week. Available.
Russian language part
Ad Placement Plan for Russian Part
Banner advertisement rates:
1. Top banner position, 468x60 (just below the title image) — $459/month or $150/week. Unavailable.
2. Bottom banner position, 468x60 position (just above the risk disclaimer) — $320/month or $100/week. Unavailable.
3. Menu banner position, 120x60 (under the site menu) — $150/month or $45/week. Available.
Text link advertisement rates:
4. Bottom text link position (just above the risk disclaimer) — $75/month or $25/week. Available.
5. Menu text link position (under the site menu) — $75/month or $25/week. Available.
6. Featured text link listing on the "Forex ресурсы" page — $125/year. Featured link is showing in a bold style and appears above all non-featured links. Available.
Additional information
Discount for 12-month orders — 10%.
Other banner positions and their rates can be negotiated.
Available methods of paying for the Forex advertising:
* Wire transfer
* Moneybookers
If you want to buy Forex advertising on this site, please, contact us.
All advertisement prices can be changed without any notice.
All ad placements are provided AS IS and no results are guaranteed. If you aren't satisfied with the results, the payment WON'T be refunded under any circumstances. Though, we'll try to make your ad experience as effective as possible
Forex Strategies
Forex Strategies
Forex trading can't be consistently profitable without adhering to some Forex strategy. It takes time and effort to build your own Forex trading strategy or to adapt an existing one to your trading needs and style. It's important to choose a strategy or system that is easy to follow with your daily trading schedule and that can be applied successfully with your account balance size. In this Forex strategy repository you'll find various strategies that are divided into three major categories:
* Indicator Forex Strategies
* Price Action Forex Strategies
* Fundamental Forex Strategies
Indicator Forex Strategies are such trading strategies that are based on the standard Forex chart indicators and can be used by anyone who has an access to some charting software (e.g. MetaTrader platform). These Forex strategies are recommended to traders that prefer technical analysis indicators over everything else:
Moving Average Cross Strategy
Parabolic SAR Strategy
Stochastic Oscillator Strategy
MACD Divergnce Forex Strategy
Combined Stochastic Oscillator/MA Strategy
Price Action Forex Strategies are the trading strategies that don't use any chart or fundamental indicators but instead are based purely on the price action. These strategies will fit both short-term and long-term traders that don't like the delay of the standard indicators and prefer to listen as the market is speaking. Various candlestick patterns, waves, tick-based strategies, grid and pending position systems — they all fall into this category:
Inside Bar Strategy
Simple Price Based Trading System
Martingale Trading System
Scalping Forex Strategy
Support and Resistance Strategy
Fundamental Forex Strategies are the based on purely fundamental factors that stand behind the bought and sold currencies. Various fundamental indicators, such as interest rates and macroeconomic statistics, affect the behavior of the Forex market. These strategies are quite popular and will benefit long-term traders that prefer fundamental data analysis over technical factors:
Important News Trading Strategy
Carry Trade Strategy
Wednesday AUD/JPY Strategy
Forex Gap Strategy
If you want to share your Forex trading strategy with other traders, or want to ask some questions regarding the strategies presented here, please, join a discussion of the Forex strategies at the forum.
Forex trading can't be consistently profitable without adhering to some Forex strategy. It takes time and effort to build your own Forex trading strategy or to adapt an existing one to your trading needs and style. It's important to choose a strategy or system that is easy to follow with your daily trading schedule and that can be applied successfully with your account balance size. In this Forex strategy repository you'll find various strategies that are divided into three major categories:
* Indicator Forex Strategies
* Price Action Forex Strategies
* Fundamental Forex Strategies
Indicator Forex Strategies are such trading strategies that are based on the standard Forex chart indicators and can be used by anyone who has an access to some charting software (e.g. MetaTrader platform). These Forex strategies are recommended to traders that prefer technical analysis indicators over everything else:
Moving Average Cross Strategy
Parabolic SAR Strategy
Stochastic Oscillator Strategy
MACD Divergnce Forex Strategy
Combined Stochastic Oscillator/MA Strategy
Price Action Forex Strategies are the trading strategies that don't use any chart or fundamental indicators but instead are based purely on the price action. These strategies will fit both short-term and long-term traders that don't like the delay of the standard indicators and prefer to listen as the market is speaking. Various candlestick patterns, waves, tick-based strategies, grid and pending position systems — they all fall into this category:
Inside Bar Strategy
Simple Price Based Trading System
Martingale Trading System
Scalping Forex Strategy
Support and Resistance Strategy
Fundamental Forex Strategies are the based on purely fundamental factors that stand behind the bought and sold currencies. Various fundamental indicators, such as interest rates and macroeconomic statistics, affect the behavior of the Forex market. These strategies are quite popular and will benefit long-term traders that prefer fundamental data analysis over technical factors:
Important News Trading Strategy
Carry Trade Strategy
Wednesday AUD/JPY Strategy
Forex Gap Strategy
If you want to share your Forex trading strategy with other traders, or want to ask some questions regarding the strategies presented here, please, join a discussion of the Forex strategies at the forum.
Liberty Reserve Forex Brokers
Liberty Reserve Forex Brokers
This list of Forex brokers includes only those on-line companies that accept Liberty Reserve as one of the available payment methods. Liberty Reserve Forex brokers provide their traders with an easy-to-use, fast and private way to deposit funds into a trading account as well as to withdraw the profit back from it. Liberty Reserve is popular among many non-U.S. Forex traders and is very secure.
Sort by: Order | Minimum Account | Traders' Rating | Name
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.9
EXNESS $100 + + + - + + 5.8
FXOpen $1 + + - - + + 6.8
Forex4you $1 + + + - - + 4.8
LiteForex $1 + + + - - + 4.9
MasterForex $1 + + + - - + 6.4
ForexHunt $1 + + + - + + 5.6
FXcast $10 + + - - + + 4.8
E-Global $20 + - + - + + 4.9
Marketiva $1 - + - - + + 5.4
FxCompany $100 + + + - + + 3.7
IFC Markets $1 - + - - + + 5.7
Forex-Metal $1 + + + - + + 3.4
FXD24 $250 + + - - - + 3.4
BroCo $100 + + + - + - 5.3
1pipfix $100 + + + - - + 6.1
Forex Place $100 + - + - - + 5.1
AC Trading $5 + + + - - + 3.3
2pipfixed $100 + + + - - + 6.1
FBS $5 + + + - + + 5.3
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
BTrader $25 + - - + - + 2.8
Finexo $100 + - - + + + 5.8
Forex WebTrader $25 - - - + - + 3.4
Prime4x $100 + - + - - + 4.6
This list of Forex brokers includes only those on-line companies that accept Liberty Reserve as one of the available payment methods. Liberty Reserve Forex brokers provide their traders with an easy-to-use, fast and private way to deposit funds into a trading account as well as to withdraw the profit back from it. Liberty Reserve is popular among many non-U.S. Forex traders and is very secure.
Sort by: Order | Minimum Account | Traders' Rating | Name
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.9
EXNESS $100 + + + - + + 5.8
FXOpen $1 + + - - + + 6.8
Forex4you $1 + + + - - + 4.8
LiteForex $1 + + + - - + 4.9
MasterForex $1 + + + - - + 6.4
ForexHunt $1 + + + - + + 5.6
FXcast $10 + + - - + + 4.8
E-Global $20 + - + - + + 4.9
Marketiva $1 - + - - + + 5.4
FxCompany $100 + + + - + + 3.7
IFC Markets $1 - + - - + + 5.7
Forex-Metal $1 + + + - + + 3.4
FXD24 $250 + + - - - + 3.4
BroCo $100 + + + - + - 5.3
1pipfix $100 + + + - - + 6.1
Forex Place $100 + - + - - + 5.1
AC Trading $5 + + + - - + 3.3
2pipfixed $100 + + + - - + 6.1
FBS $5 + + + - + + 5.3
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
BTrader $25 + - - + - + 2.8
Finexo $100 + - - + + + 5.8
Forex WebTrader $25 - - - + - + 3.4
Prime4x $100 + - + - - + 4.6
What is Forex?
What is Forex?
FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.
In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.
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 currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.
Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with Forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.
Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.
Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.
This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).
Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.
If you want to know more about how to start trading in Forex, please, proceed to our Forex for dummies article.
FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.
In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.
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 currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.
Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with Forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.
Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.
Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.
This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).
Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.
If you want to know more about how to start trading in Forex, please, proceed to our Forex for dummies article.
Forex Books for Beginners
Forex Books for Beginners
Here you will find the Forex e-books that provide the basic information on Forex trading. You can learn basic concepts of the Forex market, the technical and fundamental analysis. While all these e-books are recommended for every new Forex trader, they won't be very useful to the very experienced traders.
Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.
If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.
Candlesticks For Support And Resistance — The basics of trading with candlesticks charts by John H. Forman.
Online Trading Courses — Course #1 lesson #1 by Jake Bernstein.
Commodity Futures Trading for Beginners — by Bruce Babcock.
Hidden Divergence — by Barbara Star, Ph.D.
Peaks and Troughs — by Martin J. Pring.
Reverse Divergences And Momentum — by Martin J. Pring.
Strategy:10 — Low-risk, high-return forex trading by W. R. Booker & Co.
The NYSE Tick Index And Candlesticks — by Tim Ord.
Trend Determination — A quick, accurate and effective methodology by John Hayden.
The Original Turtle Trading Rules — by OrignalTurtles.org.
Introduction to Forex — by 1st Forex Trading Academy. This trading course intends to provide to all of the students analytical tools on the trading system and methodologies. In this respect, the purpose of the course is to provide an overview of the many strategies that are being used in Forex market and to discuss the steps and tools that are needed in order to use these strategies successfully.
The Six Forces of Forex — by Scott Owens. A small e-book covering the basic and the main problems of Forex trading.
Study Book for Successful Foreign Exchange Dealing — by Royal Forex.
Forex. On-Line Manual for Successful Trading — an introduction into every aspect of the Forex trading including detailed descriptions of the technical and fundamental analysis techniques, by unknown author.
18 Trading Champions Share Their Keys to Top Trading Profits — as the name suggests, the book shares the secrets of the 18 prominent traders with the Forex beginners, by FWN.
The Way to Trade Forex — a 1st chapter of the book that will show you not only Forex basics but also some unusual techniques and strategies that can work for the newbie traders, by Jay Lakhani.
The Truth About Fibonacci Trading — the basic facts and information about Fibonacci levels and their application to the Forex trading, by Bill Poulos.
Quick Guide to Forex Trading — a 2008 edition of the Forex guide for the beginners and private traders issued by Easy-Forex.
Chart Patterns and Technical Indicators — an explanation of the most popular chart patterns and some technical indicators, by unknown author.
Here you will find the Forex e-books that provide the basic information on Forex trading. You can learn basic concepts of the Forex market, the technical and fundamental analysis. While all these e-books are recommended for every new Forex trader, they won't be very useful to the very experienced traders.
Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.
If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.
Candlesticks For Support And Resistance — The basics of trading with candlesticks charts by John H. Forman.
Online Trading Courses — Course #1 lesson #1 by Jake Bernstein.
Commodity Futures Trading for Beginners — by Bruce Babcock.
Hidden Divergence — by Barbara Star, Ph.D.
Peaks and Troughs — by Martin J. Pring.
Reverse Divergences And Momentum — by Martin J. Pring.
Strategy:10 — Low-risk, high-return forex trading by W. R. Booker & Co.
The NYSE Tick Index And Candlesticks — by Tim Ord.
Trend Determination — A quick, accurate and effective methodology by John Hayden.
The Original Turtle Trading Rules — by OrignalTurtles.org.
Introduction to Forex — by 1st Forex Trading Academy. This trading course intends to provide to all of the students analytical tools on the trading system and methodologies. In this respect, the purpose of the course is to provide an overview of the many strategies that are being used in Forex market and to discuss the steps and tools that are needed in order to use these strategies successfully.
The Six Forces of Forex — by Scott Owens. A small e-book covering the basic and the main problems of Forex trading.
Study Book for Successful Foreign Exchange Dealing — by Royal Forex.
Forex. On-Line Manual for Successful Trading — an introduction into every aspect of the Forex trading including detailed descriptions of the technical and fundamental analysis techniques, by unknown author.
18 Trading Champions Share Their Keys to Top Trading Profits — as the name suggests, the book shares the secrets of the 18 prominent traders with the Forex beginners, by FWN.
The Way to Trade Forex — a 1st chapter of the book that will show you not only Forex basics but also some unusual techniques and strategies that can work for the newbie traders, by Jay Lakhani.
The Truth About Fibonacci Trading — the basic facts and information about Fibonacci levels and their application to the Forex trading, by Bill Poulos.
Quick Guide to Forex Trading — a 2008 edition of the Forex guide for the beginners and private traders issued by Easy-Forex.
Chart Patterns and Technical Indicators — an explanation of the most popular chart patterns and some technical indicators, by unknown author.
WE ARE GIVE U AMAZING OPPORTUNITY OF GETING 10%OF UR MONEY EVERY MONTH
Forex Trading Information
FOREX — the foreign exchange (currency or forex, or FX) market is the biggest and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.
Don’t forget to check and bookmark my Forex blog to get the latest updates about Forex market and this site’s content. You can also join a friendly Forex traders community at the
FOREX — the foreign exchange (currency or forex, or FX) market is the biggest and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.
Don’t forget to check and bookmark my Forex blog to get the latest updates about Forex market and this site’s content. You can also join a friendly Forex traders community at the
WELL ARE GIVE U AMAZING OPPORTUNITY OF GETING 10%OF UR MONEY EVERY MONTH
WELL ARE GIVE U AMAZING OPPORTUNITY OF GETING 10%OF UR MONEY EVERY MONTH
We are offering you an amazing opportunity to partake in our vision for the future at JBA Trust Limited, a fast growing forex trading/consultancy organization .We are guarantee you a 10% return of the amount invested every month!!.,also available are training and services provided at incredible prices!!. for more details see company profile and registration procedure attached. Call pastor Julius for more information +2347030632185 or mail us at = itunuola2009@yahoo.com or jadeoyo@hotmail.com
We are offering you an amazing opportunity to partake in our vision for the future at JBA Trust Limited, a fast growing forex trading/consultancy organization .We are guarantee you a 10% return of the amount invested every month!!.,also available are training and services provided at incredible prices!!. for more details see company profile and registration procedure attached. Call pastor Julius for more information +2347030632185 or mail us at = itunuola2009@yahoo.com or jadeoyo@hotmail.com
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