Markets Calm Down into the Weekend
U.S. Dollar Trading (US) data was weak with June CPI falling -0.2% vs. -0.1% previously and July UoM Consumer Sentiment falling to 63.8 vs. 71.5 previously. The European Bank stress tests dominated the European session but generated little market movement with exhaustion setting in ahead of the weekend. In US stocks, DJIA +45 points closing at 12479, S&P +7
While the functionality of Forex is the same as a domestic stock exchange, the commodities and prices are more volatile, and there are additional factors to take into considerations besides the typical risks associated with a domestic market. You will have to contend with not only the value of your stocks and your currency, but also the foreign currencies involved in any trades or exchanges on Forex, as well as the inconsistencies of values of particular goods and services across international borders. It is like driving a car with a standard transmission as opposed to an automatic. On the domestic front, the work is mostly done for you, and all you have to do is navigate, much like an automatic transmission. However, shifting gears is quite similar to having to constantly take part in the currency conversion. It can be distracting, and it certainly complicates the act of driving.
Because the financial situation of many countries is not as secure as that of the United States, this can pose a formidable problem in determining where to invest your money and what to expect next in the international market. Knowing what countries and currencies are involved in Forex can assist you by allowing you to more closely monitor the financial situation in the nations with which you will be interacting.
When foreign trade began, it was not an international trade market. It was borne out of the Bretton Woods agreement in 1944, which set forth that foreign currencies would be fixed against the dollar, which was valued at $35 per ounce of gold. This precedent was first put into practice in 1967, when a bank in Chicago refused to fund a loan to a professor in sterling pound. Of course, his intention was to sell the currency, which he felt was priced too high against the dollar, then buy it back later when the value had declined, turning a quick profit.
After 1971, when the dollar was no longer convertible to gold and the domestic market was stronger, the Bretton Woods agreement was abandoned, and the currency conversion process became more variable. This allowed for a stronger backing in the foreign markets, and the United States and Europe began a strong trade relationship. In the 1980s, the market hours and usage was extended through the use of computers and technology to include the Asian time zones as well. At this time, foreign exchange equaled about $70 billion a day. Today, about twenty years later, the trade level has skyrocketed, with trade equaling close to $1.5 trillion daily.
Originally, trading across international lines was more difficult, with several different currencies involved across Europe. Though the major players in the European market were deeply involved in and veterans of international trade by the time other markets joined in, there were more currencies to keep track of – the franc, the pound, the lira, and many more – than was reasonable. With the birth of the European Union in 1992, the wheels were set in motion to create a single currency that would be used across most of Europe, and the Euro was finally established and put into circulation in 1999.
Forex is the nickname for the Foreign Exchange Market. In the United States, there are several branches of the stock market, each with their own name. For instance, some stocks trade on the Dow Jones, others on Nasdaq. Of course, all stock market transactions in the United States take place on the New York Stock Exchange (NYSE). In other countries the same is true. There may be one or more distinct markets.
However, international trade takes place on the market termed the Foreign Exchange Market, or Forex. Several countries across the world in almost every time zone participate in trade on Forex, with multiple currencies being utilized and stocks and commodities from all participating countries being offered for trade. Because there are so many nations and time zones involved, Forex does not function as a “business day” entity like most domestic stock markets. It remains open for trade 24 hours a day, 5 days a week.
Of course, these additional hours increase the risk factor intensely for those of us who are human and obviously cannot monitor our investments 24 hours a day. This means that the value of your holdings could potentially plummet overnight, while you sleep, because other countries are still trading while you are in a dream world. Again, it is like a car – there are many moving pieces under the hood, and just because you cannot see them does not mean they are not functioning.
This is one reason for several safety options, like limit orders, which we will discuss later. This is also why it is strongly recommended that your first attempts to make money on the stock market are not transactions that take place within the Foreign Exchange Market but on a standard nine-to-five domestic trading market. In our car analogy, this would be comparable to having asked someone who has never driven or even changed the oil in a car to rebuild the engine.
Stocks Extend for Impressive Weekly Gains
U.S. Dollar Trading (US) the markets all enjoyed solid gains throughout the day, with US data inspiring a fresh push higher. June PMI Manufacturing unexpectedly improved to 55.3 vs. 53.5 previously and forecast of a drop to 51.8. The USD was under pressure against risk assets but did well against other safe havens in Gold, Yen and Swiss Franc. In US
U.S. Dollar Trading (US) the markets all enjoyed solid gains throughout the day, with US data inspiring a fresh push higher. June PMI Manufacturing unexpectedly improved to 55.3 vs. 53.5 previously and forecast of a drop to 51.8. The USD was under pressure against risk assets but did well against other safe havens in Gold, Yen and Swiss Franc. In US
Forex Rates
Foreign exchange rates are the buy and sell price of the world’s currencies. Forex rates are constantly changing. These changes are usually small movements unless the market is going through a particularly volatile period.
Currency rates
Currencies on the foreign exchange market are traded in pairs. When you buy a particular currency you are selling another. The price of buying one
Foreign exchange rates are the buy and sell price of the world’s currencies. Forex rates are constantly changing. These changes are usually small movements unless the market is going through a particularly volatile period.
Currency rates
Currencies on the foreign exchange market are traded in pairs. When you buy a particular currency you are selling another. The price of buying one
Greece Austerity Vote on Wednesday
U.S. Dollar Trading (US) some improving sentiment in European and US stock markets saw the USD give up some of its recent gains against most Currencies and Commodities. May Core PCE Price Index increased 0.3% vs. 0.2% expected and is watched by the US FED as an inflation indicator. In US stocks, DJIA +13 points closing at 12003, S&P +1 points closing at
U.S. Dollar Trading (US) some improving sentiment in European and US stock markets saw the USD give up some of its recent gains against most Currencies and Commodities. May Core PCE Price Index increased 0.3% vs. 0.2% expected and is watched by the US FED as an inflation indicator. In US stocks, DJIA +13 points closing at 12003, S&P +1 points closing at
Forex trading is one trade that has the potential to deliver high profits. However, understanding the fundamentals of Forex trading is quite challenging. An investor may need to spend hours on the computer to study the complex and continuous currency movements. Although applying stop loss limits can give you some leeway in terms of losses, it can also take away profit making opportunities in case
Automated Forex Trading: an essential tool for the modern-day trader
Automated Forex is an indispensable tool in the arsenal of modern business that offers great opportunities. Automated Forex is a computer program, based on a variety of Forex signals that determine the ability to buy or sell a currency pair at a time. This computer program widely reported the dealer to make decisions that are
Automated Forex is an indispensable tool in the arsenal of modern business that offers great opportunities. Automated Forex is a computer program, based on a variety of Forex signals that determine the ability to buy or sell a currency pair at a time. This computer program widely reported the dealer to make decisions that are
Greece Riots, Euro Plummets
U.S. Dollar Trading (US) the negativity accelerated around the world with Protests in Greece turning Violent and the Greek PM offering to resign. US Stocks fell aggressively and US Data stunned to the downside. June NY FED dropped to -8 vs. 12 previously. In US stocks, DJIA -178 points closing at 11897, S&P -22 points closing at 1265 and NASDAQ -47 points closing at
U.S. Dollar Trading (US) the negativity accelerated around the world with Protests in Greece turning Violent and the Greek PM offering to resign. US Stocks fell aggressively and US Data stunned to the downside. June NY FED dropped to -8 vs. 12 previously. In US stocks, DJIA -178 points closing at 11897, S&P -22 points closing at 1265 and NASDAQ -47 points closing at
Sentiment Improves, Stocks Rally
U.S. Dollar Trading (US) sentiment improved in Asia with stronger than expected Chinese data and a rally in Japanese Stocks helping start a Global rally. US S&P 500 rallied the most in 2 months with US May Retail Sales better than forecast at -0.2% vs. -0.4% expected. May PPI increased 0.2% ahead of tonight’s very important CPI Numbers. In US stocks, DJ +123
U.S. Dollar Trading (US) sentiment improved in Asia with stronger than expected Chinese data and a rally in Japanese Stocks helping start a Global rally. US S&P 500 rallied the most in 2 months with US May Retail Sales better than forecast at -0.2% vs. -0.4% expected. May PPI increased 0.2% ahead of tonight’s very important CPI Numbers. In US stocks, DJ +123
Downside seen on Greece and China Fears
U.S. Dollar Trading (US) ended the week on the front foot after stocks markets notched up 6 straight weeks of losses. Fresh selling was instigated by weak Chinese export numbers which cast a fresh cloud of concern about the health of the global economy. Dollar gains were across the board commodities also sold across the board. In US stocks, DJIA -172 points
U.S. Dollar Trading (US) ended the week on the front foot after stocks markets notched up 6 straight weeks of losses. Fresh selling was instigated by weak Chinese export numbers which cast a fresh cloud of concern about the health of the global economy. Dollar gains were across the board commodities also sold across the board. In US stocks, DJIA -172 points
People say trading is hard and I agree. Its hard because we dont have the answer. There is no spoon. There is no answer. What we have is our mind and our eyes. I havent heard of any blind traders yet.
In order to be profitable in forex you must train your mind. It seems the more indicators you use the harder it is to trade. Keep it simple and remember the principal of trading. BUY WHEN THE PRICE IS GOING UP AND SELL WHEN THE PRICE IS GOING DOWN.
Can anyone tell me when the price is going up or down in this chart???
In order to be profitable in forex you must train your mind. It seems the more indicators you use the harder it is to trade. Keep it simple and remember the principal of trading. BUY WHEN THE PRICE IS GOING UP AND SELL WHEN THE PRICE IS GOING DOWN.
Can anyone tell me when the price is going up or down in this chart???
More and more people are opting to expand its portfolio to foreign exchange transactions. Forex investments are considered high risk but high potential for large profits. Unlike stocks, Forex is basically a short-term market with the opening and closing deals in a matter of minutes or even days. The dealer has opened several bids without finding a brokerage fee which is primarily commission-free
ECB causes Volatile Euro
U.S. Dollar Trading (US) stock markets rallied for the first time in seven sessions with bargain hunters entering the market. April Trade Balance improved sharply to -43.7bn vs. -48bn forecast. Weekly Jobless Claims at 427k vs. 426k previously. In US stocks, DJIA +75 points closing at 12124, S&P +9 points closing at 1289 and NASDAQ +9 points closing at 2684. Looking
U.S. Dollar Trading (US) stock markets rallied for the first time in seven sessions with bargain hunters entering the market. April Trade Balance improved sharply to -43.7bn vs. -48bn forecast. Weekly Jobless Claims at 427k vs. 426k previously. In US stocks, DJIA +75 points closing at 12124, S&P +9 points closing at 1289 and NASDAQ +9 points closing at 2684. Looking
ECB and BOE Meetings Ahead
U.S. Dollar Trading (US) stocks continued to edge lower around the world with sentiment remaining weak. The USD was stronger on pullbacks in the Euro but lost ground against the Yen and Oil. With QE3 winding down concerns on the outlook for the US economy still remain and a cautious approach is been practiced by most traders. In US stocks, DJIA -21 points closing at
U.S. Dollar Trading (US) stocks continued to edge lower around the world with sentiment remaining weak. The USD was stronger on pullbacks in the Euro but lost ground against the Yen and Oil. With QE3 winding down concerns on the outlook for the US economy still remain and a cautious approach is been practiced by most traders. In US stocks, DJIA -21 points closing at
Currency trading (Forex) can be extremely lucrative. But to enjoy all the profit opportunities that arise in the market, traders must spend hours in front of the computer screen looks for all possible entries and exit point. This may require a considerable investment of time, not all traders can have. Those who have little time to study and analyze the Forex market due to a less tedious. This
US Job Creation Slumps
U.S. Dollar Trading (US) the May unemployment missed on Friday with +54k vs. +232k previously and the Unemployment rate increasing to 9.1% vs. 9.0% previously. The market initially bought the USD on the back of the weak numbers with stocks slumping but when news of a Greece deal emerged a broad risk rally began in most majors. In US stocks, DJIA -97 points closing at 12151,
U.S. Dollar Trading (US) the May unemployment missed on Friday with +54k vs. +232k previously and the Unemployment rate increasing to 9.1% vs. 9.0% previously. The market initially bought the USD on the back of the weak numbers with stocks slumping but when news of a Greece deal emerged a broad risk rally began in most majors. In US stocks, DJIA -97 points closing at 12151,
What is Forex Trading? The foreign exchange (Forex) market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in
US Non Farm Payrolls Ahead U.S. Dollar Trading (US) despite no reversal in stock markets the USD came under heavy selling pressure on a combination of negative news and weak US data. Moody’s warned that the US could be put on negative review if the debt ceiling issue is not resolved. Weekly Jobless claims at 422k vs. 415k forecast. In US stocks, DJIA -41 points closing at 12248, S&P -1 points
Stocks Fall most in 2 Months, Risk Off
U.S. Dollar Trading (US) a shocking ADP jobs report combined with a slump in the US manufacturing ISM to send stocks down over 2%. May ADP private payrolls at 38k vs. 177k previously. May ISM Manufacturing dropped to 53.3 vs. 60.4 previously. In US stocks, DJIA -279 points closing at 12290, S&P -30 points closing at 1314 and NASDAQ -66 points closing at 2769
U.S. Dollar Trading (US) a shocking ADP jobs report combined with a slump in the US manufacturing ISM to send stocks down over 2%. May ADP private payrolls at 38k vs. 177k previously. May ISM Manufacturing dropped to 53.3 vs. 60.4 previously. In US stocks, DJIA -279 points closing at 12290, S&P -30 points closing at 1314 and NASDAQ -66 points closing at 2769
Stocks Rally, Yen Weakens
U.S. Dollar Trading (US) stock markets rallied around the world but the reaction in FX markets was mixed. Highs in Europe on most majors came under profit taking and the USD finished well off lows. USD/JPY and USD/CHF provided a lot of support. In US stocks, DJIA +128 points closing at 12569, S&P +14 points closing at 1345 and NASDAQ +38 points closing at 2835. Looking
U.S. Dollar Trading (US) stock markets rallied around the world but the reaction in FX markets was mixed. Highs in Europe on most majors came under profit taking and the USD finished well off lows. USD/JPY and USD/CHF provided a lot of support. In US stocks, DJIA +128 points closing at 12569, S&P +14 points closing at 1345 and NASDAQ +38 points closing at 2835. Looking
EURO up late on 2nd Greece Bailout
U.S. Dollar Trading (US) a largely non eventful day with many markets closed for holidays. Early Asia Tuesday we had reports of a sentiment shift from Germany in regards to helping Greece which saw a sharp spike higher in the EUR/USD. In US stocks, closed given Bank Holiday for Memorial Day. Looking ahead, May CB Consumer Confidence is forecast at 66.5 vs. 65.4.
U.S. Dollar Trading (US) a largely non eventful day with many markets closed for holidays. Early Asia Tuesday we had reports of a sentiment shift from Germany in regards to helping Greece which saw a sharp spike higher in the EUR/USD. In US stocks, closed given Bank Holiday for Memorial Day. Looking ahead, May CB Consumer Confidence is forecast at 66.5 vs. 65.4.
In the operations of financial markets, often hear the "bull market", phrase, or sometimes "Bear Market". The exact origin of these two terms are under discussion, is very simple. "Bull Market" is a financial instrument indicated an upward path. In other words, people buy it. However, the "bear market" in which financial instruments traded on a way down, because people sell.
These definitions
These definitions
Traders typically approach financial markets in one of two ways: either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both of these types of analyses.
In fact, in Jack Schwager's best-selling classic, Market Wizards, two of the traders interviewed are Ed Seykota and Jim Rogers.
In fact, in Jack Schwager's best-selling classic, Market Wizards, two of the traders interviewed are Ed Seykota and Jim Rogers.
A Forex chart is used by traders to conduct a technical analysis, which helps them to make better trading decisions. Forex charts contain real time data and keep traders updated on currency trades. It is possible to make Forex trading decisions based on the interpretation of foreign exchange charts.
Forex charts help make the difference between Forex trading success and failure. It is crucial
Forex charts help make the difference between Forex trading success and failure. It is crucial
Automatic forex is an essential tool in the arsenal of today's merchant, offering great opportunities. Automated forex software is based on various forex trading signals, evaluating whether to buy or sell a currency pair at the time of 'year. This program is very much on the professional advice to make decisions based on the character selection due to a technical analysis of survey instruments.
IMF Greece Scare hurts Euro
U.S. Dollar Trading (US) both data releases disappointed with US Q1 GDP unchanged at 1.8% and Weekly Jobless Claims creeping higher to 424k vs. 400k forecast. Stocks dipped but ended higher with a large rally towards the end of the day. In US stocks, DJIA +36 points closing at 12394, S&P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead, G8
U.S. Dollar Trading (US) both data releases disappointed with US Q1 GDP unchanged at 1.8% and Weekly Jobless Claims creeping higher to 424k vs. 400k forecast. Stocks dipped but ended higher with a large rally towards the end of the day. In US stocks, DJIA +36 points closing at 12394, S&P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead, G8
Oil Back above $100 a barrel
U.S. Dollar Trading (US) stock markets rebounded and commodities added to Tuesday’s gains even with weak US data. April Durable Goods fell -3.6% vs. +4.1% previously. The Dollar gave up most of the week’s gains except against the Yen. In US stocks, DJIA +36 points closing at 12394, S&P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead,
U.S. Dollar Trading (US) stock markets rebounded and commodities added to Tuesday’s gains even with weak US data. April Durable Goods fell -3.6% vs. +4.1% previously. The Dollar gave up most of the week’s gains except against the Yen. In US stocks, DJIA +36 points closing at 12394, S&P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead,
Euro Testing 1.4000, Stocks DownU.S. Dollar Trading (US) stocks weakened in the US session under pressure from weak Chinese and European PMI surveys. The ongoing European debt crisis and the subsequent Euro selling is leading to USD strength across the board. In US stocks, DJIA -130 points closing at 12381, S&P -15 points closing at 1317 and NASDAQ -44 points closing at 2758. Looking ahead, FOMC
Online Forex trading is more popular now that most everyone has access to a computer and internet. Unlike the stock exchange, the Forex does not have a particular place for trading to take place. While trading takes place all over the world, online Forex trading makes this process more convenient than ever.
Global forex trading was, a few years ago, only open to the big boys. Investors who
Global forex trading was, a few years ago, only open to the big boys. Investors who
Hello traders,
I hope you are doing well. I have setup a pool to find out how many people need forex training. I cannot guarantee success to any of you but with a little training you should be able to see what forex is and how it moves.
I would really like to ask for people to stop spamming this blog. I have lots of promotional comments which I deleted and will continue to delete in the future. So just dont do it.
I have also created a new blog on Remote Control Hobby. Used to play RC long time ago but stopped for a while. Now I am continuing this long lost hobby again. Do visit my RC Explorer blog. It will be like this blog but only a different topic. I do my logs on blogs.
I hope you are doing well. I have setup a pool to find out how many people need forex training. I cannot guarantee success to any of you but with a little training you should be able to see what forex is and how it moves.
I would really like to ask for people to stop spamming this blog. I have lots of promotional comments which I deleted and will continue to delete in the future. So just dont do it.
I have also created a new blog on Remote Control Hobby. Used to play RC long time ago but stopped for a while. Now I am continuing this long lost hobby again. Do visit my RC Explorer blog. It will be like this blog but only a different topic. I do my logs on blogs.
Hi everyone,
I hope all of you are doing fine and have lots of pips to enjoy. Just got back from a vacation. 6 days there and I got bored and get back home. Leave my wife and kids there to do their shopping. It seems that I like it better at home than to stay at hotels. Maybe I'm getting old :)
Been a while since I have updated this blog. Been thinking of deleting or selling this blog to anyone who wants it.
Met a friend while on vacation. It seems he is making 15k average per month without even knowing how to trade. Talk about forex with peace of mind. You guys wanna know how he did it? Let me tell you his story.
He wanted to learn from me how to trade but I am reluctant to teach him since this is not something I can teach. I can tell you how I did it but I cant guarantee you can do it the same way I did. Its not pure technical or skill. There are some form of mind control involve. I cant change your mind. You have to do it your self. Free your mind.
He kept asking me how to make money in forex. I gave him a way that is a bit risky but with care everyone can do it. I told him to find a trader that is looking for investors. Lots of new traders around with good skills but low capital. These traders are looking for a way to maximize their income, so they take in few accounts to manage. They trade their own account and at the same time execute the exact same trade on their managed accounts. They take profit from their own account and take commission on manage accounts.
Turns out after 1 year my friend manage to get 15k average monthly income and he knows nothing bout trading. There are few rules to follow if you want to do the exact same way.
1. Study the trader records. At least 3 months maintain profit.
2. Open a trading account with your name tied to your banking account. (dont ever hand him your money)
3. Get the trader details just in case he decide to make a run for it.
4. Ready to accept trading losses. If its a trading loss, accept it and release him from his burden. Trading is already hard enuf. Now you know why I dont manage accounts.
5. Give him your trading account details and leave him alone.
6. Take him out for dinner at the end of the months. Dont ask, let him tell you bout the trading.
Hope that is clear enuf. Those steps are minimal. Extra precaution is always welcome but dont put pressure on the trader. We dont want to send him to a mental hospital or something.
Good luck everyone and happy trading. Im not going to give any trade setup since its all based on situation. If its there, then i trade. Ifs its not there, then I just watch and play with my RC helicopter. My new hobby is RC helicopter btw, a very expensive hobby.... oouch.
I hope all of you are doing fine and have lots of pips to enjoy. Just got back from a vacation. 6 days there and I got bored and get back home. Leave my wife and kids there to do their shopping. It seems that I like it better at home than to stay at hotels. Maybe I'm getting old :)
Been a while since I have updated this blog. Been thinking of deleting or selling this blog to anyone who wants it.
Met a friend while on vacation. It seems he is making 15k average per month without even knowing how to trade. Talk about forex with peace of mind. You guys wanna know how he did it? Let me tell you his story.
He wanted to learn from me how to trade but I am reluctant to teach him since this is not something I can teach. I can tell you how I did it but I cant guarantee you can do it the same way I did. Its not pure technical or skill. There are some form of mind control involve. I cant change your mind. You have to do it your self. Free your mind.
He kept asking me how to make money in forex. I gave him a way that is a bit risky but with care everyone can do it. I told him to find a trader that is looking for investors. Lots of new traders around with good skills but low capital. These traders are looking for a way to maximize their income, so they take in few accounts to manage. They trade their own account and at the same time execute the exact same trade on their managed accounts. They take profit from their own account and take commission on manage accounts.
Turns out after 1 year my friend manage to get 15k average monthly income and he knows nothing bout trading. There are few rules to follow if you want to do the exact same way.
1. Study the trader records. At least 3 months maintain profit.
2. Open a trading account with your name tied to your banking account. (dont ever hand him your money)
3. Get the trader details just in case he decide to make a run for it.
4. Ready to accept trading losses. If its a trading loss, accept it and release him from his burden. Trading is already hard enuf. Now you know why I dont manage accounts.
5. Give him your trading account details and leave him alone.
6. Take him out for dinner at the end of the months. Dont ask, let him tell you bout the trading.
Hope that is clear enuf. Those steps are minimal. Extra precaution is always welcome but dont put pressure on the trader. We dont want to send him to a mental hospital or something.
Good luck everyone and happy trading. Im not going to give any trade setup since its all based on situation. If its there, then i trade. Ifs its not there, then I just watch and play with my RC helicopter. My new hobby is RC helicopter btw, a very expensive hobby.... oouch.
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