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Monday, March 31, 2008
Forex And Forex Trading Related News
Featured Forex Trading Article
Make A Killing Online With This Automated Analytical Forex Software as seen on CNN
The Big Picture of Currency Trading
By: James Theiss
Online currency trading (also known as FOREX, for foreign exchange) has all the benefits that a trader could want. With the 24 hour, 6 days a week marketplace, you can trade before work, during work, or after work. Whenever you see fit. The day begins in New Zealand and follows the sun through Asia, into Europe, and then the US. Then it starts all over again.
The FOREX market is the most liquid market in the world. That means that a trader can enter or exit the currency market whenever they want. With no commissions and no gaps, or lock limits, and no daily trading limit either. This market is bigger in daily volume than all of the other stock, bond, and futures markets of the world combined! And then some!
Leverage of 100 to 1 is considered normal when currency trading. Compare that to the 2 to 1 margin accounts at your stock brokerage. Plus, there's no margin interest expense either. But you better have your risk management system in place because, remember, leverage cuts both ways.
You've heard the saying,the trend is your friend. Well guess what the best trending market is? That's right, the FOREX market. Central banks and governments set their own monetary policy. Take the Fed for example. They don't (usually) raise interest rates today and then next week lower them. And then raise them again. No, they tend to gradually, over time, raise them, month by month, until they feel they are correctly positioned. And then they lower them, month by month, or quarter by quarter, whichever. That gradual tightening and loosening over an extended period of time is what creates those wonderful trends.
When you are trading currencies online, remember to trade with the trend. And when the trend ends, get out. It's that simple, just not that easy. Then start looking for the trend to reverse itself. You need to have no hang ups about being long or short when you trade currencies. At any given time, approximately a third of the currency pairs are are going up, a third are going down, and the other third are going sideways. So don't be afraid to go short. If you are coming from the stock market, there are no short squeezes to worry about, no one uptick rule, or any other crazy rules. You just decide to buy or sell; that's it.
When you trade currencies online, they are always bought and sold in pairs. An example of a currency pair is the popularly traded EUR/USD. This is the Euro vs. the U.S. Dollar. The currency on the left is called the base currency. The one on the right is the cross currency
If you buy the EUR/USD currency pair, you are buying euros, and at the same time, selling dollars. You would do this if you think the Euro is going to rise in value and/or you think the Dollar is going to fall in value.
If you sell the EUR/USD currency pair, you are selling euros, and at the same time, buying dollars. You would do this if you think the Euro is going to decline in value and/or you think the Dollar is going to rise in value.
Currency trading has so many benefits and advantages to it, it is no wonder why it is the fastest growing segment of the online trading community. The FOREX market offers superior potential to realize profits in any market condition or business cycle, making online currency trading an ideal diversification element in your total investment portfolio.
James is a successful online currency trader and also runs the popular website www.todayscurrencytrading.com
Additional Info On Forex Today
foreign exchange converter
In the currency market, exchange rates are often predicated on the health of a country's economy. If the economy is robust and growing, the exchange rates for their currency reflect that in higher value. If the economy is faltering, the exchange rate for their currency against most other currencies also stumbles. Knowing that, the following makes sense:
- The currency of countries that produce and export oil will rise in value.
- The currency of countries that import most of their oil and depend on it for their exports will drop in relative value.
- The most profitable trades will involve a country that exports oil vs. a country that depends on oil.
Based on those three points, the experts are keeping their eye on the CADJPY pairing for the most profitable trades, and here's why.
More info on Forex software
currency
Currency prices are affected by a variety of economic and political conditions. The beginner trading forex currency should take note to probably the most important influences to the currency prices are interest rates, international trade, inflation, and political stability. Governments participate in the foreign exchange market to influence the value of their currencies. The governments flood the market with their domestic currency in an attempt to lower the currency price or conversely, buying in order to raise the price. This is generally known as central bank intervention. The beginner trading forex currency should be aware that large market orders can cause high volatility in currency prices. Due to the size and volume of the forex market its impossible for any entity to drive the market for any length of time.
forex software
Most of these can be quite complicated for those who are inexperienced using the Forex. Most professional Forex brokers understand these charts and have the ability to offer their clients well-informed advice about Forex trading.
More info on Forex trading
forex brokers
What will this mean for the currency trading market?
More Forex Trading Information
$8.6B Heathrow terminal ready to open
Wed, 26 Mar 2008 12:49:28 EDT
It took nearly two decades and $8.6 billion, but London Heathrow's Terminal Five will finally open for business Thursday morning.
Forex Software
Forex
¶ 5:55 AM 0 comments
Featured Forex Trading Article
Make A Killing Online With This Automated Analytical Forex Software as seen on CNN
The Big Picture of Currency Trading
By: James Theiss
Online currency trading (also known as FOREX, for foreign exchange) has all the benefits that a trader could want. With the 24 hour, 6 days a week marketplace, you can trade before work, during work, or after work. Whenever you see fit. The day begins in New Zealand and follows the sun through Asia, into Europe, and then the US. Then it starts all over again.
The FOREX market is the most liquid market in the world. That means that a trader can enter or exit the currency market whenever they want. With no commissions and no gaps, or lock limits, and no daily trading limit either. This market is bigger in daily volume than all of the other stock, bond, and futures markets of the world combined! And then some!
Leverage of 100 to 1 is considered normal when currency trading. Compare that to the 2 to 1 margin accounts at your stock brokerage. Plus, there's no margin interest expense either. But you better have your risk management system in place because, remember, leverage cuts both ways.
You've heard the saying,the trend is your friend. Well guess what the best trending market is? That's right, the FOREX market. Central banks and governments set their own monetary policy. Take the Fed for example. They don't (usually) raise interest rates today and then next week lower them. And then raise them again. No, they tend to gradually, over time, raise them, month by month, until they feel they are correctly positioned. And then they lower them, month by month, or quarter by quarter, whichever. That gradual tightening and loosening over an extended period of time is what creates those wonderful trends.
When you are trading currencies online, remember to trade with the trend. And when the trend ends, get out. It's that simple, just not that easy. Then start looking for the trend to reverse itself. You need to have no hang ups about being long or short when you trade currencies. At any given time, approximately a third of the currency pairs are are going up, a third are going down, and the other third are going sideways. So don't be afraid to go short. If you are coming from the stock market, there are no short squeezes to worry about, no one uptick rule, or any other crazy rules. You just decide to buy or sell; that's it.
When you trade currencies online, they are always bought and sold in pairs. An example of a currency pair is the popularly traded EUR/USD. This is the Euro vs. the U.S. Dollar. The currency on the left is called the base currency. The one on the right is the cross currency
If you buy the EUR/USD currency pair, you are buying euros, and at the same time, selling dollars. You would do this if you think the Euro is going to rise in value and/or you think the Dollar is going to fall in value.
If you sell the EUR/USD currency pair, you are selling euros, and at the same time, buying dollars. You would do this if you think the Euro is going to decline in value and/or you think the Dollar is going to rise in value.
Currency trading has so many benefits and advantages to it, it is no wonder why it is the fastest growing segment of the online trading community. The FOREX market offers superior potential to realize profits in any market condition or business cycle, making online currency trading an ideal diversification element in your total investment portfolio.
James is a successful online currency trader and also runs the popular website www.todayscurrencytrading.com
Additional Info On Forex Today
foreign exchange converter
In the currency market, exchange rates are often predicated on the health of a country's economy. If the economy is robust and growing, the exchange rates for their currency reflect that in higher value. If the economy is faltering, the exchange rate for their currency against most other currencies also stumbles. Knowing that, the following makes sense:
- The currency of countries that produce and export oil will rise in value.
- The currency of countries that import most of their oil and depend on it for their exports will drop in relative value.
- The most profitable trades will involve a country that exports oil vs. a country that depends on oil.
Based on those three points, the experts are keeping their eye on the CADJPY pairing for the most profitable trades, and here's why.
More info on Forex software
currency
Currency prices are affected by a variety of economic and political conditions. The beginner trading forex currency should take note to probably the most important influences to the currency prices are interest rates, international trade, inflation, and political stability. Governments participate in the foreign exchange market to influence the value of their currencies. The governments flood the market with their domestic currency in an attempt to lower the currency price or conversely, buying in order to raise the price. This is generally known as central bank intervention. The beginner trading forex currency should be aware that large market orders can cause high volatility in currency prices. Due to the size and volume of the forex market its impossible for any entity to drive the market for any length of time.
forex software
Most of these can be quite complicated for those who are inexperienced using the Forex. Most professional Forex brokers understand these charts and have the ability to offer their clients well-informed advice about Forex trading.
More info on Forex trading
forex brokers
What will this mean for the currency trading market?
More Forex Trading Information
$8.6B Heathrow terminal ready to open
Wed, 26 Mar 2008 12:49:28 EDT
It took nearly two decades and $8.6 billion, but London Heathrow's Terminal Five will finally open for business Thursday morning.
Forex Software
Forex
Labels: Forex Trading strategies
More Forex And Forex Trading News
Forex training Article Of The Month
Win Big Time In The Forex market With This Amazing Forex Strategy System II
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery "The Elliott Wave Principle," and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture.
Robert Prechter, Jr., president of Elliott Wave International, resurrected the Wave Principle from near obscurity in 1976 when he discovered the complete body of R.N. Elliott's work in the New York Library. Robert Prechter, Jr. and A.J. Frost published Elliott Wave Principle in 1978. The book received enthusiastic reviews and became a Wall Street bestseller. In Elliott Wave Principle, Prechter and Frost's forecast called for a roaring bull market in the 1980s, to be followed by a record bear market. Needless to say, knowledge of the Wave Principle among private and professional investors grew dramatically in the 1980s.
When investors and traders first discover the Elliott Wave Principle, there are several reactions:
Disbelief � that markets are patterned and largely predictable by technical analysis alone
Joyous �irrational exuberance� � at having found a �crystal ball� to foretell the future
And finally the correct, and useful response � �Wow, here is a valuable new tool I should learn to use.�
Just like any system or structure found in nature, the closer you look at wave patterns, the more structured complexity you see. It is structured, because nature�s patterns build on themselves, creating similar forms at progressively larger sizes. You can see these fractal patterns in botany, geography, physiology, and the things humans create, like roads, residential subdivisions� and � as recent discoveries have confirmed � in market prices.
Natural systems, including Elliott wave patterns in market charts, �grow� through time, and their forms are defined by interruptions to that growth.
Here's what is meant by that. When your hands formed in the womb, they first looked like round paddles growing equally in all directions. Then, in the places between your fingers, cells ceased growing or died, and growth was directed to the five digits. This structured progress and regress is essential to all forms of growth. That this �punctuated growth� appears in market data is only natural � as Robert Prechter, Jr., the world's foremost Elliott wave expert and president of Elliott Wave International, says, �Everything that thrives must have setbacks.�
Basic Elliott Wave PatternThe first step in Elliott wave analysis is identifying patterns in market prices. At their core, wave patterns are simple; there are only two of them: �impulse waves,� and �corrective waves.�
Impulse waves are composed of five sub-waves and move in the same direction as the trend of the next larger size (labeled as 1, 2, 3, 4, 5). Impulse waves are called so because they powerfully impel the market.
A corrective wave follows, composed of three sub-waves, and it moves against the trend of the next larger size (labeled as a, b, c). Corrective waves accomplish only a partial retracement, or "correction," of the progress achieved by any preceding impulse wave.
As the figure to the right shows, one complete Elliott wave consists of eight waves and two phases: five-wave impulse phase, whose sub-waves are denoted by numbers, and the three-wave corrective phase, whose sub-waves are denoted by letters.
What R.N. Elliott set out to describe using the Elliott Wave Principle was how the market actually behaves. There are a number of specific variations on the underlying theme, which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable requirements as well as tendencies. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge of such details is necessary to understand what the markets can do, and at least as important, what it does not do.
You have only just begun to learn the power and complexity of the Elliott Wave Principle. So, don't let your Elliott wave education end here. Join Elliott Wave International's free Club EWI and access the Basic Tutorial: 10 lessons on The Elliott Wave Principle and learn how to use this valuable tool in your own trading and invest http://www.elliottwave.com/club/EWI-basic-tutorial/default.aspx
Let's Talk About Forex
currency exchange rate
A Forex broker is a broker dealing in foreign exchange, just like real estate broker who deals in real estate and properties. Simply, a Forex broker is an advisor who advises you about the forex market. However, the Forex market is not the perfect place to play with as a novice and beginner as there are many criticalities involved along with much risk bearing capacities. Novices can very quickly get their fingers badly burnt. But inexperience is not the only reason to consider using a Forex broker to trade in the high-risk international currencies market.
foreign exchange market
Before the advent of Internet and ecommerce, only big corporations, multinational banks and wealthy individuals could trade currencies in the Forex market through the use of the proprietary trading systems of banks. These systems required as much as US$1 million to open an account. Thanks to advancements in online technology, today investors with only a few thousand dollars can have access to the Forex market 24 hours a day and around 5 � days of a week.
forex trading signals
A Forex system is a weapon of a soldier in this market. You must have one as soon as possible. Otherwise, it will be like fighting well-armed Forex robbers with a handbag. Best one is a self-made one because you can never feel comfy in borrowed shoes although borrowing good ideas from others is a good idea. Good luck.
One cannot make a dime unless follow the herd or trend most of the time. It is just that one has to be cautious when overbought/oversold region is approaching and know how to turn at inflection point for the opposite trend. Following herd needs average intelligence and courage but identifying inflection points and taking a necessary action needs not only intelligence but also a lot of courage. Again, fortune favors the brave.
More info on Forex software
forex brokers
Unquestionably, in Forex trading systems, speed is of the essence in these hectic times. Every nanosecond counts when you are trading using five minute charts. The most basic Forex trading systems rely on moving averages. The more "sophisticated" systems use combinations of moving averages of both price and volume. The most "expensive" systems incorporate stochastics, which are the mathematical techniques for a non-linear science.
Check out the first commercially available Stock Trading Robot Which Earns $346.77 Per Week
All The Latest News From The Forex training World
Have we reached the pain threshold for EUR/USD?
Fri, 09 Nov 2007 08:27:58 GMT
The EUR/USD pair was mired between two conflicting impacts yesterday as Trichet tried to cap the euro ascent, while Fed??�s Bernanke shot down all hope for a USD rebound.
Forex Day Trading | How To Trade Forex
¶ 5:52 AM 0 comments
Forex training Article Of The Month
Win Big Time In The Forex market With This Amazing Forex Strategy System II
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery "The Elliott Wave Principle," and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture.
Robert Prechter, Jr., president of Elliott Wave International, resurrected the Wave Principle from near obscurity in 1976 when he discovered the complete body of R.N. Elliott's work in the New York Library. Robert Prechter, Jr. and A.J. Frost published Elliott Wave Principle in 1978. The book received enthusiastic reviews and became a Wall Street bestseller. In Elliott Wave Principle, Prechter and Frost's forecast called for a roaring bull market in the 1980s, to be followed by a record bear market. Needless to say, knowledge of the Wave Principle among private and professional investors grew dramatically in the 1980s.
When investors and traders first discover the Elliott Wave Principle, there are several reactions:
Disbelief � that markets are patterned and largely predictable by technical analysis alone
Joyous �irrational exuberance� � at having found a �crystal ball� to foretell the future
And finally the correct, and useful response � �Wow, here is a valuable new tool I should learn to use.�
Just like any system or structure found in nature, the closer you look at wave patterns, the more structured complexity you see. It is structured, because nature�s patterns build on themselves, creating similar forms at progressively larger sizes. You can see these fractal patterns in botany, geography, physiology, and the things humans create, like roads, residential subdivisions� and � as recent discoveries have confirmed � in market prices.
Natural systems, including Elliott wave patterns in market charts, �grow� through time, and their forms are defined by interruptions to that growth.
Here's what is meant by that. When your hands formed in the womb, they first looked like round paddles growing equally in all directions. Then, in the places between your fingers, cells ceased growing or died, and growth was directed to the five digits. This structured progress and regress is essential to all forms of growth. That this �punctuated growth� appears in market data is only natural � as Robert Prechter, Jr., the world's foremost Elliott wave expert and president of Elliott Wave International, says, �Everything that thrives must have setbacks.�
Basic Elliott Wave PatternThe first step in Elliott wave analysis is identifying patterns in market prices. At their core, wave patterns are simple; there are only two of them: �impulse waves,� and �corrective waves.�
Impulse waves are composed of five sub-waves and move in the same direction as the trend of the next larger size (labeled as 1, 2, 3, 4, 5). Impulse waves are called so because they powerfully impel the market.
A corrective wave follows, composed of three sub-waves, and it moves against the trend of the next larger size (labeled as a, b, c). Corrective waves accomplish only a partial retracement, or "correction," of the progress achieved by any preceding impulse wave.
As the figure to the right shows, one complete Elliott wave consists of eight waves and two phases: five-wave impulse phase, whose sub-waves are denoted by numbers, and the three-wave corrective phase, whose sub-waves are denoted by letters.
What R.N. Elliott set out to describe using the Elliott Wave Principle was how the market actually behaves. There are a number of specific variations on the underlying theme, which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable requirements as well as tendencies. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge of such details is necessary to understand what the markets can do, and at least as important, what it does not do.
You have only just begun to learn the power and complexity of the Elliott Wave Principle. So, don't let your Elliott wave education end here. Join Elliott Wave International's free Club EWI and access the Basic Tutorial: 10 lessons on The Elliott Wave Principle and learn how to use this valuable tool in your own trading and invest http://www.elliottwave.com/club/EWI-basic-tutorial/default.aspx
Let's Talk About Forex
currency exchange rate
A Forex broker is a broker dealing in foreign exchange, just like real estate broker who deals in real estate and properties. Simply, a Forex broker is an advisor who advises you about the forex market. However, the Forex market is not the perfect place to play with as a novice and beginner as there are many criticalities involved along with much risk bearing capacities. Novices can very quickly get their fingers badly burnt. But inexperience is not the only reason to consider using a Forex broker to trade in the high-risk international currencies market.
foreign exchange market
Before the advent of Internet and ecommerce, only big corporations, multinational banks and wealthy individuals could trade currencies in the Forex market through the use of the proprietary trading systems of banks. These systems required as much as US$1 million to open an account. Thanks to advancements in online technology, today investors with only a few thousand dollars can have access to the Forex market 24 hours a day and around 5 � days of a week.
forex trading signals
A Forex system is a weapon of a soldier in this market. You must have one as soon as possible. Otherwise, it will be like fighting well-armed Forex robbers with a handbag. Best one is a self-made one because you can never feel comfy in borrowed shoes although borrowing good ideas from others is a good idea. Good luck.
One cannot make a dime unless follow the herd or trend most of the time. It is just that one has to be cautious when overbought/oversold region is approaching and know how to turn at inflection point for the opposite trend. Following herd needs average intelligence and courage but identifying inflection points and taking a necessary action needs not only intelligence but also a lot of courage. Again, fortune favors the brave.
More info on Forex software
forex brokers
Unquestionably, in Forex trading systems, speed is of the essence in these hectic times. Every nanosecond counts when you are trading using five minute charts. The most basic Forex trading systems rely on moving averages. The more "sophisticated" systems use combinations of moving averages of both price and volume. The most "expensive" systems incorporate stochastics, which are the mathematical techniques for a non-linear science.
Check out the first commercially available Stock Trading Robot Which Earns $346.77 Per Week
All The Latest News From The Forex training World
Have we reached the pain threshold for EUR/USD?
Fri, 09 Nov 2007 08:27:58 GMT
The EUR/USD pair was mired between two conflicting impacts yesterday as Trichet tried to cap the euro ascent, while Fed??�s Bernanke shot down all hope for a USD rebound.
Forex Day Trading | How To Trade Forex
