Unlike other markets the foreign exchange does not have a physical, centralized location for activity; instead trading is done directly between banks, foreign currency dealers and foreign investors. Because of this, foreign exchange trades are considered over the counter. Trading takes place through the use of computer terminals, telephones and broker desks.
The foreign exchange market is the largest and most liquid in the world. Its trades total $2 trillion every day. However, up until recently the transaction sizes and financial requirements kept this market out of the hand of small individual speculators. Currently the market requires a minimal amount of capital, making the foreign exchange market available to just about all investors. New traders are realizing that the forex is an easy way to make quick money.
Most foreign exchange trading is done online. The growing use of the Internet to facilitate investing is playing a big role in the rapid growth of the forex. Online trading makes investing possible 24 hours a day from any where in the world. This convenience factor is one of the primary reason traders are flocking to the forex to make quick money.
In comparison to the stock market, the forex is a much quicker way to make money. This is due to the rapid and random variations seen in the foreign exchange market. Within minutes or even seconds traders can see their first profits.
Many online signal services make earning profits in the forex even easier. A signal service will monitor the market for you. It will send any pertinent findings to your computer, cell phone or pager. This allows you the freedom to do other things without the fear of missing out on important market changes.
Most signals are based on a technical analysis of the market using several key indicators. The analysis uses a combination of factors to identify market trends and potential exit and entry points. The information is the forwarded to subscribers of the signal service. Traders with up to the minute information can then make efficient trade decisions.
In addition, traders can learn how to trade on the forex by using free tutorials available on many websites. This benefit can be used as another tool for potential forex traders to make money quickly. The Internet is a great way to get trading practice using the complimentary demonstrations available online. It is a good idea to take advantage of these free services before actually opening an account and making a trade. Mini accounts are also available. These allow you to get your feet wet with smaller initial investments than a regular account would.
Though there are many options available to traders to assist the in making quick money in the foreign exchange market, it is important to be cautious of forex scams. There are numerous scams popping up where companies offer to do your trading for you, these are the ones you should avoid. You should develop your forex methods with an expert and only make trades on your own or through a licensed broker. Never allow someone else to do your trading for you.
There is no doubt that the foreign exchange market can be a fast place for traders to make quick money. The main reasons that making money on the forex is considered easier than other markets are the high accessibility of the market because it never closes, and its superior liquidity in comparison to other markets. The availability of online broker services, free tutorials and demonstrations, as well as helpful signal services all contribute to traders being able to make money quickly with little or no real qualifications.
Monday, March 16, 2009
Forex Achieves New Prominence
The credit crisis has resulted in a collapse in prices for nearly every type of investable asset class (i.e. stocks, bonds, commodities, real estate)- with the notable exception of one: currencies. Of course, this is an inherent quality of forex: a rise in one currency must necessarily be offset by a fall in another currency. While you are probably rolling your eye at the obviousness of this observation, it is still worthwhile to make because it implies that there is always a bull market in forex. Accordingly, capital from both institutions and retail investors continues to pour in to the forex markets, causing daily turnover to surge by 41% (according to one survey), which would imply a total of $4.5 Trillion per day!
Investment banks, especially, are trying to increase their forex business in order to compensate for a decline in other divisions. Said one representative: ”We have probably made more of an aggressive leapfrog in growing our revenue base, which has virtually doubled in 2008 versus 2007. With the situation that has been developing over the past six months, where banks are clearly re-embarking on a new role leading back to basics, foreign exchange has to be one of the products that tops that list.”
Based on New York data, which generally reflects global forex activity, transactions between the Dollar, Euro, and Yen (i.e. not involving outside currencies) now account for more than half of the total.
New Zealand Dollar (NZD) Benefits from “Deflation Trade”
2007 was the year of the carry trade. 2008 was the year of the safe haven trade. 2009, meanwhile, is shaping up to be the year of the deflation trade. In other words, traders have completed an about-face in their collective approach to forex, such that those currencies with the lowest rates are now favored, because they are perceived to best hedge against deflation.
The New Zealand Dollar illustrates this trend perfectly. For most of 2008, it collapsed as investors pulled money from risky, high-yielding currencies, in favor of a capital preservation strategy: accepting limited or zero return in exchange for security. Beginning at the tail-end of last year, however, it stabilized around the psychological level of .5 USD/NZD, failing to breach the important technical level of .4915.
While such technical factors undoubtedly have played a role in the reversal of fortune, the NZD has benefited by the aggressive interest rate cuts effected by the Bank of New Zealand, which today cut its benchmark rate yet again by 50 basis points, to 3%. While it’s too early to speculate whether the Central Bank will cut rates again at its next meeting, all signs point to further cuts. The economy is in a paltry state, having contracted for five consecutive quarters. Chinese demand for commodities is abating quickly, and the most recent numbers suggest it will continue to erode.
Central Banks Maintain Holdings of US Treasury Securities, but For How Long?
Yesterday, Chinese Premier Wen Jiabao aired his country’s growing concerns about continuing to lend money to the US. Within the context of the US economic stimulus plan and other related US spending initiatives, Mr. Wen is understandably anxious about China’s vast holdings of US Treasury securities:
President Obama and his new government have adopted a series of measures to deal with the financial crisis. We have expectations as to the effects of these measures. We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.
While the announcement represented political posturing (to an increasingly restless, domestic Chinese audience), it should nonetheless be heeded as a warning, that the US cannot expect China (and other foreign Central Banks) to fund US budget deficits indefinitely.
Let’s put aside the rhetoric for a moment, and examine the data. This week witnessed strong demand for Treasury securities, which were auctioned by the Treasury Department on consecutive days. Despite historically low yields (see chart), investors continue to snap up Treasury Bonds, mainly for the sake of risk aversion. The newly-revived issuance of 30-year bonds also went off without a hitch, and were more than 2x oversubscribed. Most relevant to this discussion is the fact the foreign Central Banks accounted for as much as 46% of demand!
Learn Forex Trading / Currency Trading Tips
> What Is The Foreign Exchange (FOREX) Market?
The forex market is not situated in one particular place. Practically every country is involved so there is a possibility of trading currencies in most countries. Because of this, the market runs 24 hours a day, five days a week. more...
> What Is Currency Trading (FOREX Market)?
When people talk about forex (foreign exchange) trading or currency trading on the forex market, they generally mean something very different. In this case traders are constantly exchanging one currency for another (buying currencies and selling others) with the aim of making a profit when the exchange rates change. more...
> Forex, Foreign Exchange & Currency Trading Tutorials
There are more and more people pouring into the forex trading sector every day. There is always money to be made and this is certain to attract large numbers. At the same time, the market is not likely to become saturated. There are so many possible trades to make between all the different currencies and banks and private individuals will always need to make currency exchanges. more...
> What To Look For In A Forex Book
There are new books on forex being published almost every week, so it is useful to know what to look for and how to pick out the best. Just as with any other market where money is involved, you need to know how to identify and stay clear of any scams that you might come across. more...
> How Much Forex Trading Training Do I Need?
But there are many kinds of training available these days and it may be hard to judge what is the best. With so many websites, blogs, articles and ebooks available on the internet, often low priced or even free, it is tempting to think that we may be able to pick up all we need to know for dirt cheap. more...
> If You Are New To Forex, Choose Mini Forex Trading
If you are new to forex or have only a small amount of capital available right now, mini forex trading could be the way to go for you. It allows you to trade with real money while limiting your risk to a relatively small amount. Generally the lot size of trades for a mini account is only one-tenth of the lot size for a standard account with the same broker. more...
The forex market is not situated in one particular place. Practically every country is involved so there is a possibility of trading currencies in most countries. Because of this, the market runs 24 hours a day, five days a week. more...
> What Is Currency Trading (FOREX Market)?
When people talk about forex (foreign exchange) trading or currency trading on the forex market, they generally mean something very different. In this case traders are constantly exchanging one currency for another (buying currencies and selling others) with the aim of making a profit when the exchange rates change. more...
> Forex, Foreign Exchange & Currency Trading Tutorials
There are more and more people pouring into the forex trading sector every day. There is always money to be made and this is certain to attract large numbers. At the same time, the market is not likely to become saturated. There are so many possible trades to make between all the different currencies and banks and private individuals will always need to make currency exchanges. more...
> What To Look For In A Forex Book
There are new books on forex being published almost every week, so it is useful to know what to look for and how to pick out the best. Just as with any other market where money is involved, you need to know how to identify and stay clear of any scams that you might come across. more...
> How Much Forex Trading Training Do I Need?
But there are many kinds of training available these days and it may be hard to judge what is the best. With so many websites, blogs, articles and ebooks available on the internet, often low priced or even free, it is tempting to think that we may be able to pick up all we need to know for dirt cheap. more...
> If You Are New To Forex, Choose Mini Forex Trading
If you are new to forex or have only a small amount of capital available right now, mini forex trading could be the way to go for you. It allows you to trade with real money while limiting your risk to a relatively small amount. Generally the lot size of trades for a mini account is only one-tenth of the lot size for a standard account with the same broker. more...
Using Article Marketing to Increase or Boost Website Traffic
Using article marketing can be a great method for boosting or increasing website internet traffic. It has been a tried and true method for generating traffic to websites. It's been used since the early days of the internet and it's
still as effective as ever.
Using this proven marketing campaign will bring you a flood of valuable links, sales, customers and a steady stream of website visitors for years to come.
How can you harnass the power of article marketing?
Put simply, you write articles for other websites in exchange for a link back to your own site. You should use different articles than the ones already posted to your own website in other to avoid duplicate content.
The more unique, quality written articles you can post
to other websites, the better. You'll get more backlinks and traffic, and you'll build your reputation as an expert in your field. It's possible other websites may start seeking
you out for your opinion or for interviews.
How do I start my article marketing campaign?
First, write some articles (or pay someone to write them for you) of around 300 to 600 words. Don't write ads in disguise. Offer genuinely useful information and tips.
You wouldn't want to publish someone else's garbage on your site, so don't expect them to publish your leftovers. Write separate articles specifically for your article marketing. You should also do the same keyword research you would do for your own website. Also spend some time proofreading for typos and grammatical errors.
The next step is to find places to submit your articles.
Building one-on-one relationships with other website owners in your niche can be beneficial, but it's time-consuming.
Fortunately, there are many article directories which
allow you to post your articles for free. Other websites
can then publish your articles on their own sites.
There are literally thousands of such sites to choose
from, but here is a short list of some of the most
popular article directories:
ezinearticles.com
goarticles.com
articlealley.com
articledashboard.com
searchwarp.com
buzzle.com
Or you can use a service such as iSnare, which will
distribute your article to many different directories
for a small fee.
Hot tip - Your author's bio is vital to the success
of your article marketing campaign. You definitely
need to spend some time crafting the perfect message.
You should keep it short and simple, but always include
the following:
1. Your name
2. Your url as http://yourdomain.com (this ensures your
link will be click able.
3. A short comment that encourage readers to visit your site. Offer a free report, freebies or something else of value to get them to click on your link.
Top of Page
still as effective as ever.
Using this proven marketing campaign will bring you a flood of valuable links, sales, customers and a steady stream of website visitors for years to come.
How can you harnass the power of article marketing?
Put simply, you write articles for other websites in exchange for a link back to your own site. You should use different articles than the ones already posted to your own website in other to avoid duplicate content.
The more unique, quality written articles you can post
to other websites, the better. You'll get more backlinks and traffic, and you'll build your reputation as an expert in your field. It's possible other websites may start seeking
you out for your opinion or for interviews.
How do I start my article marketing campaign?
First, write some articles (or pay someone to write them for you) of around 300 to 600 words. Don't write ads in disguise. Offer genuinely useful information and tips.
You wouldn't want to publish someone else's garbage on your site, so don't expect them to publish your leftovers. Write separate articles specifically for your article marketing. You should also do the same keyword research you would do for your own website. Also spend some time proofreading for typos and grammatical errors.
The next step is to find places to submit your articles.
Building one-on-one relationships with other website owners in your niche can be beneficial, but it's time-consuming.
Fortunately, there are many article directories which
allow you to post your articles for free. Other websites
can then publish your articles on their own sites.
There are literally thousands of such sites to choose
from, but here is a short list of some of the most
popular article directories:
ezinearticles.com
goarticles.com
articlealley.com
articledashboard.com
searchwarp.com
buzzle.com
Or you can use a service such as iSnare, which will
distribute your article to many different directories
for a small fee.
Hot tip - Your author's bio is vital to the success
of your article marketing campaign. You definitely
need to spend some time crafting the perfect message.
You should keep it short and simple, but always include
the following:
1. Your name
2. Your url as http://yourdomain.com (this ensures your
link will be click able.
3. A short comment that encourage readers to visit your site. Offer a free report, freebies or something else of value to get them to click on your link.
Top of Page
Forex Trading Tips By Ezilon.com
Forex Trading Tips
Forex trading is buying and selling the foreign currencies of different countries. It has a similarity with stock trading in that the foreign currencies behave like shares of the currency institutions of the countries. Like stock prices, these also move up and down with time-dependent volatility.
It is possible to buy a currency low, buy long and sell short another high currency. It needs meticulous pursuit of the exchange rates of currencies you want to trade. One needs to keep up a continuous scrutiny of the trajectory every particular currency vis-à-vis the other currencies, pair-wise.
It often has leverage enough to induce highly profitable arbitrage and hedging. Each internationally accepted currency has a market and the Forex market is the superset of all these markets taken together. Traders make their own basket or inventory of Forex and trade according to their anticipation of movements.
For example, the primary Forex statistics for the euro in relation to the German mark prior to 1999 reveals a lot of interesting features and profit potential of dollar or German Mark in relation the euro.
From the evidence it appears somewhat surprisingly that the euro lost ground against the US dollar in Forex spot trading, and in quite a few dimensions did not match the international transaction role of the German mark.
The euro changed the structure of the Forex market and increased market transparency through currency elimination. This exposed the dealers to higher inventory risks as their respective inventory imbalances became exposed easily to other dealers.
The increased inventory costs were recovered by the dealers in the euro markets through higher spreads. This made the euro a less attractive transaction medium than the German mark. This shows how trading in Forex involves both risk and profit potentials.
Earlier, the fore market was the trading ground of millionaires and billionaires only. Now with the introduction of online Forex trading, the average person is able to create amazingly large amounts of wealth from safe online investments in foreign currencies. Online forex trading is nothing but Forex trading transacted through internet links and email through a competent broker.
No technical know how, big “risk”, or large investment, hard work is needed. Online forex trading investment lets you use your dollar to control an investment two hundred times as high, $1 to control an investment worth $200, $1000 to control $200,000 and so on and on worth of investment.
Through online forex trading, you are now able to invest your money to fetch more money for you like the millionaires and billionaires, instead of you laboring hard for your money.
Online Forex trading is real fun. It is often the most striking and profitable internet investing opportunity because you can do it from your PC or connected laptop from any place in any country in the world.
You don’t need any stocks or big inventory in this trading. In online Forex trading, all you do is, just open an account with one of the brokers with as little as $300 or so. Of course, the larger your initial investment, the faster you stand to gain wealth.
Then you simply have to follow simple instructions to purchase and sell the currencies. You buy when the price of the currency is low. Within a few seconds or minutes, the price may go up, and you may sell it and make a profit. This way, by just buying, selling and trading these foreign currencies for about 3 or 4 hrs in a day, you can easily make $500-$1000!
Forex trading is easy money. Especially with the introduction of online trading, it is virtually a continuous upward money spiral for any alert person with a competent broker.
Top of Page
Forex trading is buying and selling the foreign currencies of different countries. It has a similarity with stock trading in that the foreign currencies behave like shares of the currency institutions of the countries. Like stock prices, these also move up and down with time-dependent volatility.
It is possible to buy a currency low, buy long and sell short another high currency. It needs meticulous pursuit of the exchange rates of currencies you want to trade. One needs to keep up a continuous scrutiny of the trajectory every particular currency vis-à-vis the other currencies, pair-wise.
It often has leverage enough to induce highly profitable arbitrage and hedging. Each internationally accepted currency has a market and the Forex market is the superset of all these markets taken together. Traders make their own basket or inventory of Forex and trade according to their anticipation of movements.
For example, the primary Forex statistics for the euro in relation to the German mark prior to 1999 reveals a lot of interesting features and profit potential of dollar or German Mark in relation the euro.
From the evidence it appears somewhat surprisingly that the euro lost ground against the US dollar in Forex spot trading, and in quite a few dimensions did not match the international transaction role of the German mark.
The euro changed the structure of the Forex market and increased market transparency through currency elimination. This exposed the dealers to higher inventory risks as their respective inventory imbalances became exposed easily to other dealers.
The increased inventory costs were recovered by the dealers in the euro markets through higher spreads. This made the euro a less attractive transaction medium than the German mark. This shows how trading in Forex involves both risk and profit potentials.
Earlier, the fore market was the trading ground of millionaires and billionaires only. Now with the introduction of online Forex trading, the average person is able to create amazingly large amounts of wealth from safe online investments in foreign currencies. Online forex trading is nothing but Forex trading transacted through internet links and email through a competent broker.
No technical know how, big “risk”, or large investment, hard work is needed. Online forex trading investment lets you use your dollar to control an investment two hundred times as high, $1 to control an investment worth $200, $1000 to control $200,000 and so on and on worth of investment.
Through online forex trading, you are now able to invest your money to fetch more money for you like the millionaires and billionaires, instead of you laboring hard for your money.
Online Forex trading is real fun. It is often the most striking and profitable internet investing opportunity because you can do it from your PC or connected laptop from any place in any country in the world.
You don’t need any stocks or big inventory in this trading. In online Forex trading, all you do is, just open an account with one of the brokers with as little as $300 or so. Of course, the larger your initial investment, the faster you stand to gain wealth.
Then you simply have to follow simple instructions to purchase and sell the currencies. You buy when the price of the currency is low. Within a few seconds or minutes, the price may go up, and you may sell it and make a profit. This way, by just buying, selling and trading these foreign currencies for about 3 or 4 hrs in a day, you can easily make $500-$1000!
Forex trading is easy money. Especially with the introduction of online trading, it is virtually a continuous upward money spiral for any alert person with a competent broker.
Top of Page
Master the Big 3 of profitable forex trading and there's simply no way to fail!
| |||
| Monday, March 16, 2009 | |||
| Dear Forex Trader, | |||
| The problem that most would be currency traders encounter is a lack of appropriate literature. Most of the books on the subject deal with macro economic theories. If you want to study economics you are better off enrolling in a university class. In the real world with such knowledge and 10 dollars you can buy yourself a lunch. The real world is inhabited with real people. And real people eat little geeks for breakfast. Welcome to the world of currency trading. | |||
| Let's have a look at the figure below. | |||
Sunday, March 8, 2009
Forex News and Events:
The US equity markets closed higher yesterday, on the back of better than expected Chinese PMI data and speculation that China will unveil another fiscal stimulus package. This positive reaction highlights the expected pull China has over the global economy. However, this morning there are no indications of any new measures and the market is discouraged by the mixed messages by Chinese Premier Wen Jiabao. Premier Wen stated that China will increase investment in 2009 to CNY 950bn, but also indicated that he didn't see any pressing need to enlarge the CNY 4tr economic stimulus package. He did say that China needs to "reverse the economic slide as soon as possible" and that China will strive to meet the 8% economic growth target. We expect the optimism in the equity market to be short lived, as all sectors except financials rallied. Energy sector following crude higher lead stock, as speculation that OPEC might opt for a production cut at their next meeting increased. Overall, without a meaningful rally in banking stocks we doubt markets risk appetite will increase and see equities to head lower. From an FX perspective, we expect the USD to be the main beneficiary of risk aversion trade and will be watching CEE4 currencies carefully for further signs of stress. EURUSD was able to rally off 1.2460 to 1.2664 but we expect another attempt on 1.2424 near term. As USDJPY approaches the psychological 100 level, we expect YEN selling frenzy to increase and long term players start entering the trade. Yesterday, Gold rallied off the $900oz support and anticipate a near term test of $925.31oz resistance. On a final note, the US data was unsurprisingly weak. US Non-manufacturing ISM decreased from 42.9 to 41..6 and ADP employment change was -697k vs. -630k exp, which is in line for Friday's nonfarm payrolls. And the tone of Fed's Beige Book was predictably weak, as the economy worsen further and a meaningful pickup is not expected until late 2009. Today will be dominated by Central Bank policy announcements from the BoE and ECB. Both central banks are expected to ease interest rates by 50bps, to 0.5% and 1.5% respectively. For the BoE more importantly than the rate announcement (which is fully priced in), markets will be looking closely for mention of quantitative easing. The BoE is expect to receive the all clear to begin QE from the Treasury shortly, so details regarding limits and execution would be of great interest to the market. In regards to the ECB, we expect Trichet to highlight the fact that growth risks in the Eurozone have increase significantly. In the preceding press conference the issue of quantitative easing will most likely be asked and any evidence that this approach is seriously being considered will weigh heavily on the Eur.
The Risk Today:
EurUsd Momentum indictors are warning of a reversal to the upside however event risk will keep selling pressure on the Eur. Watch for rangebound trading between 1.2678 and 1.2548. Engulfing top in the USD Index yesterday will keep USD bulls on edge but consolidation under 1.2700 will not squeeze shorts.
GbpUsd Traders are pointing to a Morning Star candle pattern and bullish slow stochastic (combined with early formation of inverse head & shoulders) as risk to the upside. We expect events of the day to dominate leaning toward sterling weakness and expect a retest of horizontal base support at 1.3958 (mar 2nd lows) then down to 1.3500. Upside close above1.4160 will target 1.4290.
UsdJpy Short term correction of bull trend was short lived with good momentum piercing 99.50 resistance. Weekly momentum indictors are still bullish. Anticipate a test of 100.0 psychological resistance. Support stands a 98.00.
UsdChf Failure to reach 1.1885 key reversal level implies downside risk. Intra day support stand at 1.1665 21d ma. Mid term consolidation between 1.1885 and 1.1463 favors continuation of uptrend.
UK, EU Central Banks Follow the Federal Reserve
Yesterday, both the European Central Bank (ECB) and the Bank of the UK cut their benchmark interest rates to record lows. This is especially incredible in the case of the UK, whose Central Bank over 300 years old! You can see from the following chart that both Central Banks have more than made up for their respectively slow starts in easing monetary policy by effecting several dramatic rate cuts, following the example of the Federal Reserve. The baseline UK rate now stands at .5%, only slightly higher than the Federal Funds rate, and slightly lower than the 1.5% ECB rate.
Given that they have essentially reached the terminus of their monetary policy options, all three Central Banks are exploring further options aimed at pumping money into their respective economies. The Fed has already “announced a program to buy $100 billion in the direct obligations of housing related government sponsored enterprises (GSEs) — Fannie Mae, Freddie Mac and the Federal Home Loan banks — and $500 billion in mortgage-based securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.” As I wrote in a related article, “this was quickly followed by repurchase programs, lending facilities, investments in money market funds, and option agreements, all of which were designed to supplement its ‘traditional open market operations and securities lending to primary dealers.’ The Fed’s efforts also worked to ease the liquidity shortage in credit markets abroad by entering into swap agreements with several foreign Central Banks suffering from acute Dollar shortages.”
In conjunction with the rate cut, the Bank of the UK, meanwhile, will pump £150bn directly into UK credit markets through liquidity support, buying public and private debt, and asset purchases. “The main purpose of quantitative easing is not to send the money supply into orbit but to stop it from crashing…the broad money held by households has risen at a worryingly slow rate over the past year, and holdings by private non-financial firms have actually been dropping.” In contrast to the monetary programs of the UK and US, the ECB has thus far refrained from the kind of liquidity support that would necessitate printing new money. Instead, “the central bank will continue offering euro-zone banks unlimited loans at the central bank’s policy rate until at least the end of this year.”
The interest rate cuts were announced simultaneously with a spate of macroeconomic data, which collectively paint a bleak picture. Eurozone growth is projected at -2.7% for 2009 and 0% for 2010. The current unemployment rate at 8.2% and climbing. The thorn in the side of the EU is represented by eastern Europe, where growth is falling at an alarming pace, dragging the EU down with it. While EU member states have pledged to intervene if one of their own falls into bankruptcy, it’s unlikely that they would intervene similarly if a non-EU member state went bust. The UK economy is similarly desperate, having contracted at an annualized rate of 5.8% in the most recent quarter. The wild cards are the real estate and financial sectors, the fortunes of which are increasingly intertwined.
Asia Forms Forex Pool
After nearly six months of currency depreciation, the nations of Asia have finally been spurred to action. Japan, China, and South Korea have joined together with the 10 ASEAN economies to form a $120 Billion pool of foreign exchange reserves, which contributors can tap into to protect their currencies. The goal is to prevent capital flight and currency weakness from engendering the same kind of financial crisis that only 10 years ago ravaged Asia. Fortunately, this time around, the 13 countries possess a combined $3.6 Trillion in reserves, which can be deployed in forex and securities markets in order to restore investor confidence. Ironically, the bulk of these reserves belong to China and Japan (who are also funding a large portion of the forex pool), both of whose currencies remain strong in spite of the crisis. Bloomberg News reports:
The fund is aimed at ensuring central banks have enough to shield their currencies from speculative attacks such as those that depleted the reserves of Indonesia, Thailand and South Korea during the 1997-1998 financial crisis.
Read More: Asia Agrees on Expanded $120 Billion Currency Pool
For Each Currency—History & Expectations
- Economic Events Calendar: Comprehensive schedules of government releases and important events for 8 currency pairs, including all the news and numbers that will move the market.
- Trading Page for each currency pair—with technical analysis results and trade recommendations that specify open, target, and stop levels
- Interest Rate Outlook: Analysis / forecast for the central banks target inflation rate. The outlook: hawkish? accommodative?
- Economic News: Forex-impact news—almost immediately after its reported
DailyFX Plus Levels The Playing Field For You
DailyFX Plus brings together Thomson IFR's streaming news and market commentary, real-time charting from DailyFX, and live forex rates from FXCM's Trading Station.
With DailyFX Plus, you're using the same proprietary IFR alerts and analysis tracked by specialists in the institutional trading rooms. You see the same technical analysis, with form actions that signal price change; the same Orders Boards, showing where the largest traders are positioned and the same news alerts and analysis from over 70 forex specialists around the world.Canadian Dollar Forecast Worsens on GDP Results
Written by David Rodriguez, Currency Strategist
The Canadian Dollar weakened further against its
Australian Dollar May Fall as Fundamental Headwinds Lie Ahead
Written by David Song, Currency Analyst
The neutral policy stance taken on by the Reserve Bank of Australia this week has certainly increased the appeal of the higher-yielding currency however, as the economic calendar for the following week is expected to reinforce a dour outlook for the $1T economy, deteriorating fundamentals are likely to weigh on the exchange rate.
British Pound Outlook Worsens on BoE Cuts, Quantitative Easing
Written by David Rodriguez, Currency Strategist
A tumultuous week for financial markets left the highly risk-sensitive British Pound sharply lower through Friday’s close, and major Bank of England monetary policy decisions further hurt outlook for the downtrodden currency. The BoE moved closer to the near-zero percent interest rate policy of its US counterpart, slashing overnight targets by a full 50 basis points to 0.50 percent.
Japanese Yen's Safe Haven Roll Reviewed As Sentiment Fails
Written by John Kicklighter, Currency Strategist
What defines a safe haven currency? This is a questions that has been sidestepped many times by financial participants in the past. Back when conditions were optimal, there was little doubt that US Treasuries, gold and the Japanese yen were key harbors for rough financial weather. However, with an economic recession evolving into a depression and a financial crisis testing the limits of government reserves, anything and everything is being reevaluated. And, for a fundamentally-unstable and crisis-prone financial center like Japan, there may be a good reason for cutting its currency from the list.
Related Articles * Euro Towards Top of Short Term Channel; Breakout Next Week? * Dollar Threatens Break Out against Canadian Counterpart
Written by John Kicklighter, Currency Strategist
The euro is at a fundamental and technical cross roads. In price action, the currency has taken to congestion that is on the verge of confirming a major bearish reversals against the US dollar, British pound and Japanese yen. So, what has prevented the market from confirming – or reversing – the next dominant trend? Fundamentals.
US Dollar Could Succumb to Weak Fundamental Forces This Week
US ISM services index showed that business activity continues to contract in the sector
- US personal income growth surprisingly rose, but gain was due to increased social security, unemployment payments
- US non-farm payrolls fell by 651,000 in February, sending the unemployment rate to a 25+ year high
- US personal income growth surprisingly rose, but gain was due to increased social security, unemployment payments
- US non-farm payrolls fell by 651,000 in February, sending the unemployment rate to a 25+ year high
The US dollar ended last week mixed across the majors as the currency gained against the British pound, euro, Japanese yen, Canadian dollar but fell versus the Swiss franc, New Zealand dollar, and Australian dollar. However, when looking at the big picture – aka the DXY Index – the greenback remains in the uptrend that started in mid-December, which presents potential for further gains. This bias would be negated on a DXY index break below Friday’s lows near 88.00, and ultimately, the outlook may depend greatly upon risk trends and where equities go in coming weeks.
Looking ahead to data releases this week, the big indicator to watch will hit the wires on Thursday at 08:30 ET. The Commerce Department is forecasted to report that US retail sales fell negative for the seventh time in the past eight months in February, as the surging unemployment rate, tight credit conditions, and a year-long recession weigh heavy on the minds of consumers. More specifically, advance retail sales are anticipated to have contracted 0.5 percent during the month, and excluding auto sales are expected to have slumped 0.2 percent, marking what may end up being a consistent trend through the first half of 2009. The impact of a disappointing result may be mixed for the US dollar, as the Federal Reserve has already cut the fed funds target to a record low range of 0.0 percent - 0.25 percent and has no room to cut further. As a result, it will be important to gauge the impact of the news on DJIA or S&P 500 futures, as a sharp shift could suggest either flight-to-quality or a pickup in risk appetite.
Other indicators to watch that may not be as market-moving, but just as important as a gauge of economic health include: jobless claims, the trade balance, the import price index, and the University of Michigan (U of M) consumer confidence survey. On March 12 at 08:30 ET, both initial and continuing jobless claims are anticipated to rise further, with the latter forecasted to hit fresh record highs of 5,150,000. On March 13 at 08:30 ET, low oil prices could help lead the trade deficit to narrow slightly to $38 billion from $39.9 billion while the annual rate of import price growth could plunge to a new record low of -13.6 percent. Finally, the U of M sentiment index is projected to fall to 55.0 from 56.3, which would mark the lowest level since May 1980.
Visit our EUR/USD Currency Room for more resources dedicated to the US Dollar.
Global Calendar ( downside surprise; upside surprise; )Complete Calendar for Current Week
| Time (NYT) | Loc | Description | Fcst | Prev | ACTUAL |
| 3/9 00:00 | Japan | February Economic Watch DI | n/f | 17.1 | |
| 3/9 03:00 | E-15 | January Germany PPI m/m | -0.1% | -1.0% | |
| 3/9 05:30 | E-15 | March Sentix Investor Confidence Index | -38.0 | -36.1 | |
| 3/9 08:15 | Canada | February Housing Starts | 145.0k | 153.5k | |
| 3/10 00:00 | Japan | January Leading Indicator | n/f | -2.0 | |
| 3/10 00:00 | Japan | January Coincident Indicator | n/f | -2.6 | |
| 3/10 02:00 | E-15 | February Germany HICP m/m | 0.7% | -0.6% | |
| 3/10 03:00 | E-15 | January Germany Imports m/m | -3.6% | -4.1% | |
| 3/10 03:00 | E-15 | February Germany CPI m/m | 0.6% | -0.5% | |
| 3/10 05:30 | UK | January Manufacturing Production m/m | -1.4% | -2.2% | |
| 3/10 05:30 | UK | January Industrial Production m/m | -1.2% | -1.7% | |
| 3/10 05:30 | UK | January Industrial Production y/y | -10.0% | -9.4% | |
| 3/10 05:30 | UK | January Manufacturing Production y/y | -11.7% | -10.2% | |
| 3/10 06:00 | E-15 | January PPI y/y | 0.7% | 1.8% | |
| 3/10 10:00 | US | March IBD Consumer Sentiment | n/f | 44.6 | |
| 3/10 10:00 | US | January Wholesale Inventory | -1.0% | -1.4% | |
| 3/10 18:50 | Japan | January Machinery Orders m/m | -4.5% | -1.7% | |
| 3/10 18:50 | Japan | February CGPI y/y | -1.2% | -0.2% | |
| 3/10 19:50 | Japan | February CGPI m/m | n/f | -1.0% | |
| 3/11 05:30 | UK | January Trade Balance | -7.45b stg | -7.367b stg | |
| 3/11 06:00 | E-15 | January Germany Industrial Orders m/m | -1.0% | -6.9% | |
| 3/11 08:30 | Canada | January New Housing Price Index | -0.2% | -0.1% | |
| 3/11 13:00 | US | February Federal Budget | $-200.0b | $-175.56b | |
| 3/11 19:50 | Japan | Q4 GDP | -3.3% | -3.3% | |
| 3/11 19:50 | Japan | Q4 GDP y/y | -12.7% | -12.7% | |
| 3/12 05:00 | E-15 | ECB Publishes Monthly Report | | ||
| 3/12 07:00 | E-15 | January Total Industrial Production m/m | -3.6% | -4.6% | |
| 3/12 08:30 | US | February Core Retail Sales m/m | 0.2% | 0.9% | |
| 3/12 08:30 | US | Weekly Continuing Jobless Claims | 5.13m | 5.106m | |
| 3/12 08:30 | US | Weekly Jobless Claims | 645.0k | 639.0k | |
| 3/12 08:30 | US | February Retail Sales m/m | -0.4% | 1.0% | |
| 3/12 10:00 | US | January Business Inventories | -1.0% | -1.3% | |
| 3/13 00:30 | Japan | January Industrial Capacity | n/f | -11.8% | |
| 3/13 00:30 | Japan | January Industrial Production m/m (revalued) | n/f | -10.0% | |
| 3/13 01:00 | Japan | February Confidence Index | n/f | 26.4 | |
| 3/13 03:00 | E-15 | February WPI m/m | n/f | -0.4% | |
| 3/13 03:00 | E-15 | February Germany WPI y/y | n/f | -5.9% | |
| 3/13 06:00 | E-15 | January Retail Sales m/m | 0.2% | 0.0% | |
| 3/13 06:00 | E-15 | January Retail Sales y/y | -2.4% | -1.6% | |
| 3/13 07:00 | Canada | February Unemployment Rate | 7.4% | 7.2% | |
| 3/13 07:00 | Canada | February Jobs Change | -52.5k | -129.0k | |
| 3/13 08:30 | US | February Import Prices | -0.5% | -1.1% | |
| 3/13 08:30 | US | February Export Prices | 0.0% | 0.5% | |
| 3/13 08:30 | Canada | January Imports | n/f | C$35.76b | |
| 3/13 08:30 | Canada | January Trade Balance | C$-1.0b | C$-0.46b | |
| 3/13 08:30 | US | January International Trade | $-38.2b | $-39.93b | |
| 3/13 08:30 | Canada | January Exports | n/f | C$35.3b | |
| 3/13 09:55 | US | March University of Michigan Confidence Index (Preliminary) | 55.0 | 56.3 | |
| 3/13 09:55 | US | March University of Michigan Confidence Index (Expected) | 49.0 | 50.5 | |
| 3/13 09:55 | US | March University of Michigan Confidence Index (Current ) | 64.1 | 65.5 | |
Why is everyone learning to trade FOREX?
Online Currency trading on the Foreign Exchange (FOREX) provides an incredible wealth building opportunity for the average person.
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FOREX education is free or cheap
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There are several sources of free charts and news feeds
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You can "play" with virtual account while you learn to trade
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You can open a real trading account for just a few hundred dollars
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Trade anywhere in the world you have an internet connection
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Learn to trade while you keep your day job
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Every day more and more people from all walks of life are discovering how rewarding a career online currency trading can provide.
- Successful FOREX traders have a lifestyle most people can only dream about.
Most importantly FOREX can give you...
FREEDOM
Freedom to do what you want, go where you want and be who you want.
BUT online currency trading is not easy as many internet scam artists would like to have you believe.
In fact most people loose money trading FOREX. Why?
Most people do not treat online currency trading as a business but rather as a game of chance.
They "roll the dice" and hope for the best.
Here is your first FOREX lesson.
Because FOREX does not have the "insider trading" issues most other tradable markets do, there are really only TWO types of traders.
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Traders that are uneducated as to how the markets work
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Traders that are educated as to how the markets work.
Every trading day the EDUCATED traders continuously TAKE funds from the UNEDUCATED traders.
So what is the first lesson on how to become a successful online currency trader?
Educate Yourself!
Education + Patience + Persistence = SUCCESS in FOREX
If you want to be a successful FOREX trader then you have got to educate yourself as to how the markets work.
FOREX can be fun, in fact many traders view it as...
The ultimate online financial game
But there are plenty of very serious players in this game who want to beat you and win the game.
LEARN FOREX
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Visual Trading and Ordering Capabilities
With DealBook® 360, all of the tools you need are just a click away - whether it's a new order, a new chart or a currency pair's most recent price activity. You can pull up a chart from almost anywhere within the platform.
View the many ways you can view a chart within DealBook® 360
View the many ways you can view a chart within DealBook® 360
Roll over the orange buttons above for more information.
The integrated advance charting gives you a wide range of analysis tools for spotting trend direction and price activity. You can view the charts to see past pricing information and find the information you need to make well-informed trading decisions.
See how to find your way around a chart
In addition, you have the capability to trade visually from an enhanced quoteboard, customizable chart or the dashboard, which runs in the background so you can work in other applications. Active forex traders can track and manage current working orders at a glance by currency, track open positions, close out existing positions or protect current positions without the worry of common order entry errors.
Take your Forex Trading to the Next Level with DealBook® 360
As you advance your knowledge of forex trading, you'll have no need to switch to another software program since DealBook® 360 is fully adaptable to meet your needs, no matter what level of trader you are or will become as you gain trading experience.
Active forex traders choose DealBook® 360 for many of the same reasons as everyone else. They know that we offer instant order execution on tight trading spreads* for the major currency pairs, and that our innovative software leads the industry when it comes to analysis, functionality and dependability.
Sophisticated active traders also choose GFT's DealBook® 360 for its wide range of features and benefits. You'll enjoy our advanced charting capabilities, wide range of orders types, and a full-blown technical analysis package within our order-entry system. Learn how to add a technical study
WORLDWIDE LEADERS IN ONLINE CURRENCY TRADING
As a world–leading forex company that has received numerous awards for growth, technology and entrepreneurship, GFT is a truly innovative global foreign exchange provider. Since starting in 1997, we have built a loyal base of customers in more than 120 countries by drawing upon our expertise to provide exceptional software and services for trading forex.
GFT's Awards and History >>
GFT's Awards and History >>
Monday, March 2, 2009
How is forex trading different from other markets?
One of the unique features of the foreign exchange market is its extreme liquidity. Because forex is a worldwide market, it can be extremely active at any time of the day, with price quotes changing constantly. As one market closes, another is opening. For example, at the end of a day in the U.S, trading begins in Tokyo and Hong Kong.
Exchange rates, which represent the basis of the foreign exchange market, can be influenced by a great variety of factors. Hence, more opportunity for speculation exists on this market than any other.
Foreign exchange trading does not take place on a regulated exchange, making it different from other trading such as that of stocks, futures or options. Trading is not controlled by any governing body, members trade with each other based upon credit agreements, which are in effect metaphorical handshakes.
This arrangement works well because participants in foreign exchange trading must both compete and co-operate with each other. Self regulation has proved to be a very effective way of controlling the market.
In the stock market, factors such as insider trading and revision in earnings only come to light after the market has reacted. In foreign exchange trading, this is not the case as significant information affecting a particular currency becomes known to everyone in the trade immediately. Hence, insider trading does not exist. This transparency lends itself to a more fair and equitable market.
Forex provides the opportunity to trade with leverage, hence higher profit or loss. In the stock market, you could use margin to achieve a leverage of 2:1. In forex trading, much higher leverage margins of up to 100:1 are available.
Forex trading is a purely speculative affair, with no physical exchange of currencies.
Exchange rates, which represent the basis of the foreign exchange market, can be influenced by a great variety of factors. Hence, more opportunity for speculation exists on this market than any other.
Foreign exchange trading does not take place on a regulated exchange, making it different from other trading such as that of stocks, futures or options. Trading is not controlled by any governing body, members trade with each other based upon credit agreements, which are in effect metaphorical handshakes.
This arrangement works well because participants in foreign exchange trading must both compete and co-operate with each other. Self regulation has proved to be a very effective way of controlling the market.
In the stock market, factors such as insider trading and revision in earnings only come to light after the market has reacted. In foreign exchange trading, this is not the case as significant information affecting a particular currency becomes known to everyone in the trade immediately. Hence, insider trading does not exist. This transparency lends itself to a more fair and equitable market.
Forex provides the opportunity to trade with leverage, hence higher profit or loss. In the stock market, you could use margin to achieve a leverage of 2:1. In forex trading, much higher leverage margins of up to 100:1 are available.
Forex trading is a purely speculative affair, with no physical exchange of currencies.
Make forex trading online easy with Berkeley Bahamas
In the past, the foreign exchange market was limited to the employees of major banks and financial institutions. With the advent of the internet and the impact of new technology, forex trading has been made readily available to all types of traders, all over the world. Berkeley (Bahamas) offer some of the most extensive online forex trading facilities available, covering all of the major world markets and exchanges.
They offer non domicile individuals the opportunity to trade without taxation from their Nassau base in the Bahamas, a leading offshore financial centre. Regulated by the Securities Commission of the Bahamas, Berkeley (Bahamas) have a reciprocal trade agreement with Berkeley Futures Ltd in London, providing a telephone support desk during European trading hours. Sign up for a FREE demo FX account and Berkeley will give you a virtual $25,000 to experience the foreign exchange market first hand, without any risk or obligation.
This demo account allows access to a fully functional version of the dealing software and the opportunity to sample Berkeley's exclusive one click dealing system from real time, streaming quotes. Through their FREE online forex trading platform, Berkeley offer:
- A Secure and robust JAVA based forex trading platform.
- 24 hour connectivity to the foreign exchange market.
- FREE FX charts, news, and commentary.
- Split second executions from single click dealing.
- No commission, transaction fees or any system fees.
There is no shortage of dubious organisations offering a variety of online forex �get rich quick schemes.� With Berkeley you get the assurance of dealing with an established company which has offered dealing services to hedge funds, corporations and high net worth Individuals since 1999. Register for your free trial today and discover why Berkeley�s online FX trader is the platform of choice for serious investors.
They offer non domicile individuals the opportunity to trade without taxation from their Nassau base in the Bahamas, a leading offshore financial centre. Regulated by the Securities Commission of the Bahamas, Berkeley (Bahamas) have a reciprocal trade agreement with Berkeley Futures Ltd in London, providing a telephone support desk during European trading hours. Sign up for a FREE demo FX account and Berkeley will give you a virtual $25,000 to experience the foreign exchange market first hand, without any risk or obligation.
This demo account allows access to a fully functional version of the dealing software and the opportunity to sample Berkeley's exclusive one click dealing system from real time, streaming quotes. Through their FREE online forex trading platform, Berkeley offer:
- A Secure and robust JAVA based forex trading platform.
- 24 hour connectivity to the foreign exchange market.
- FREE FX charts, news, and commentary.
- Split second executions from single click dealing.
- No commission, transaction fees or any system fees.
There is no shortage of dubious organisations offering a variety of online forex �get rich quick schemes.� With Berkeley you get the assurance of dealing with an established company which has offered dealing services to hedge funds, corporations and high net worth Individuals since 1999. Register for your free trial today and discover why Berkeley�s online FX trader is the platform of choice for serious investors.
Forex Trading: The Best Education Money Can Buy
People trade in a daily basis. Some trade their services for money, while others trade products like food, toys and other things for money. People trade to earn money to properly live their everyday lives.
This is why people work, why people put up businesses and why people trade in the financial market. Today, its all about money in order for you to give yourself and your family a comfortable life.
If you are considering making money aside from your day job or starting a career, you can do so by trading in Forex. Surprisingly, most people dont understand how Forex works but are still interested to trade in this financial market. Besides, people would really want to trade in the largest, the most liquid financial market in the world.
Forex operates 24 hours a day and 7 days a week with no centralized location unlike other financial markets. It involves all the currency in the world and trillions of dollars are being exchanged everyday in this market, thus, making it the worlds largest and the most liquid financial market in the world.
The Forex market promises traders a promising way to earn money. However, Forex also has its risk and it is a fact that people lose money trading in this market. But, there are also people who became millionaires in the Forex market almost overnight. Education is the key to start trading in the Forex market. Without the proper knowledge in Forex trading, chances are you will end up losing money.
First of all, before you trade in Forex, this market is the buying and selling of currencies. In simpler terms, you, as a Forex trader, will be purchasing one kind of currency against another kind of currency. This gave Forex a trend to trade in pairs.
This is why people work, why people put up businesses and why people trade in the financial market. Today, its all about money in order for you to give yourself and your family a comfortable life.
If you are considering making money aside from your day job or starting a career, you can do so by trading in Forex. Surprisingly, most people dont understand how Forex works but are still interested to trade in this financial market. Besides, people would really want to trade in the largest, the most liquid financial market in the world.
Forex operates 24 hours a day and 7 days a week with no centralized location unlike other financial markets. It involves all the currency in the world and trillions of dollars are being exchanged everyday in this market, thus, making it the worlds largest and the most liquid financial market in the world.
The Forex market promises traders a promising way to earn money. However, Forex also has its risk and it is a fact that people lose money trading in this market. But, there are also people who became millionaires in the Forex market almost overnight. Education is the key to start trading in the Forex market. Without the proper knowledge in Forex trading, chances are you will end up losing money.
First of all, before you trade in Forex, this market is the buying and selling of currencies. In simpler terms, you, as a Forex trader, will be purchasing one kind of currency against another kind of currency. This gave Forex a trend to trade in pairs.
Forex | Forex Currency Trading | Forex Strategy System
The Foreign exchange market is commonly known as the Forex market, it is the principal financial market in the world. Forex currency trading market is existing almost everywhere in the world where currencies are traded for one another. The Forex market is even larger than the Treasury and Equity markets all over the world. Forex market can best be described in terms of capital; this is to say that a place where the money of one country is traded for another is basically known as Forex. In the present scenario, the most popular and significant currency exchange pairs in the Forex market are the “Euro Dollars”.
However the most complex problems until today is that, there is no single central exchange place or the facility in the Forex market where everybody can exchange the currency they wish to. All the currency trade is either done on online or over the telephone in the Forex currency trading market. Forex currency trading is done online via huge networks, which are in connection with all the principal participants of the Forex strategy system such as the banks, the government, big financial institutions, currency traders and Forex brokers.
With the revolution that has been brought about in the form of electronic economy, online Forex currency trading has started offering plenty of services to all the currency traders and brokers all over the world. Today, Forex strategy system is such that anybody having access to the Internet can easily enter into the Forex currency trading business. However, this does not mean to say that anyone without having the basic knowledge of Forex strategy system can blindly jump into the Forex game. In order to become a Forex trader, one should have a good amount of knowledge and all the necessary bits of information about the existing Forex strategy system, Forex trading signal, Forex alerts, Forex signal, Forex trading strategy, and the overall Forex currency trading.
At present, Forex currency trading has become the most popular arena for all the speculators and traders worldwide. Earlier Forex strategy system was not open to everybody and it used to be the domain of the banks and the high risk investors only but now, the boom in Forex strategy system has facilitated the easy entry of outsiders and beginners. If you aspire to be one of the successful Forex traders, it is most essential to have prior knowledge about the Forex trading signal, Forex alerts, Forex signal and the Forex trading strategy. In order to be a Forex trader and an active participant in the Forex trading strategy, it is best advised to seek help from a professional Forex trader or an experienced Forex expert. But, if you really want to earn a living out of Forex currency trading, then the best thing you could possibly think of would be undertaking a Forex training course. Such courses are readily available and genuinely helpful in training students in Forex trading strategy, Forex currency trading, Forex trading signal, Forex strategy system, Forex signal and Forex alertsForex Trading Course: a Must for Forex Beginners
In the world’s largest financial market where exchanges reach up to trillions of dollars each day, many people would really want to participate in this market. Aside from being the largest financial market in the world, Forex is also the most liquid market in the world where trades are done 24 hours a day.
A lot of traders have become very rich trading in the Forex market. And, many people who trade in the Forex market everyday have found a great way to replace their day jobs. Some even became millionaires almost overnight by just trading in this financial market.
Trading in the Forex market can be very attractive. However, you should also know that there have been people who suffered extreme financial losses in the Forex market. It is true that the Forex market offers a very good money-making opportunity to a lot of people, but it also has its risks.
It is a fact that people who didn’t have the right knowledge and skills trading in the Forex market suffered huge financial losses and some even went into debt. So, before you enter the Forex market, it is essential that you should have the necessary knowledge and skills as a Forex trader in order to minimize the risk of losing money and maximize the potential of making money.
Many people who were successful in the Forex market have went through a Forex trading course to get the knowledge and skills needed to successfully trade in this very liquid and very large financial market.
A lot of traders have become very rich trading in the Forex market. And, many people who trade in the Forex market everyday have found a great way to replace their day jobs. Some even became millionaires almost overnight by just trading in this financial market.
Trading in the Forex market can be very attractive. However, you should also know that there have been people who suffered extreme financial losses in the Forex market. It is true that the Forex market offers a very good money-making opportunity to a lot of people, but it also has its risks.
It is a fact that people who didn’t have the right knowledge and skills trading in the Forex market suffered huge financial losses and some even went into debt. So, before you enter the Forex market, it is essential that you should have the necessary knowledge and skills as a Forex trader in order to minimize the risk of losing money and maximize the potential of making money.
Many people who were successful in the Forex market have went through a Forex trading course to get the knowledge and skills needed to successfully trade in this very liquid and very large financial market.
How to Control Yourself in Forex?
Joe Chalhoub presents an article about how to become a real Forex trader, not some opportunist who is trying to reap some fast rewards and become a millionaire in no time. Foreign exchange market has became very attractive for many people recently. Traders come with hopes and go without after losing some their hard-earned money. Taking control in trading, developing your own organized approach to trading is the only way the newbie financial trader can become a real professional and start to earn systematically on Forex.
The presented Forex article is called How to Take Control in Forex Trading. I hope you will enjoy it, especially if you are only starting to enter the world of the currency trading
FOREX SYSTEM ONLINE
Trading signals for:
EURO/USD, USD/CHF, GBP/USD, USD/JPY
GBP/JPY, EURO/JPY, EURO/CHF, GBP/CHF
Normal trading hours: Monday to Friday
24 hours per day
Trading time: Greenwich Mean Time (GMT)
SFXM Signals Online is provided to the Trader: via console online
Versions: English
Price: 500 USD / first month introductory special
Price: 800 USD / following months
This is the most active web trading service supporting FX trading consulting and trading plans. It is not just as hiring a trader to your account but a FX consultant gives you the recommendations which you as a hedge manager or asset manager dealing in forex and CFDs. We give our clients expectations about the major indices performances. That is beside technical analyses to the major currencies instruments. We follow up the news and the economic indicators 24 hours a day that effects in the global trading markets and especially forex and CFDs and also we have our own forecast according to expert reading to the market conditions and the global economic performance and also we provide you with the market sentiment changes from time to time and how much our trading plans should go and be dynamics to follow this change in sentiment which keeps your account amounts and making you trade dynamically and in an efficient way as forex market specially always needs this support to trade effectively as a professional forex trader. Our FX management and consulting system online is useful for banks, hedge, managers and normal investors who likes to trade their accounts by their hands but needs an FX consultant who gives them his support and recommendations 24 hours a day.
We are always ready to answer our clients about their own account conditions and give them the most suitable trading solutions according to their account amounts.
Also when we provide our trading plans we refer to the percentage of margin that is suitable for this trading plan which consists of limits and stop loss point . So our service is useful of small amounts and big amounts as well.
We give our trading plans 24 hours a day as FX and CFDs market needs through all sessions.
You can use our systems, our orders easily and our trading plans simply.
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