All Blog Posts (3,906)

Reasons for people to get into forex

I have seen many times peoples always ask why I should trade in forex. Forex trading has different offers for small and large investors. Here I would like to solve this puzzle a bit and would try to give some valuable reasons why should people go to trade in forex.



Forex trading is immediate: Forex market is superbly fast. Your order gets filled and gets executed within 1-2 seconds. Since all the things are done automatically with no humans involved. Forex trading online… Continue

Added by Anne on December 3, 2008 at 1:59pm — No Comments

How to Develop a Great Trading System?

Follow these six steps to develop a profitable trading system



Setup: In this you need to concentrate on two things like data and software.



Design: Parameters for the trading is decided under this section used to generate profit.



Decision making: Following decision is to be made at this point:

• What market I am interested in to trade?

• What time is preferred?

• What price series should I used?



Practice: Before applying with real money… Continue

Added by Anne on November 22, 2008 at 10:53am — No Comments

How to select brokerage firm?

Is the broker I want is regulated?

All regulated brokers have to submit financial report to regulatory authority. If fails in doing so the authorities can penalize broker or even end their membership. These rules bind the broker to maintain all the financial report. Using a regulated broker protects investors because they are able to solve disputes.



What are the trading environments?

These include the features which the selected trading platform is offering. Some of the… Continue

Added by Anne on November 22, 2008 at 10:30am — No Comments

My Blog

Hi

Just started my blog.
Hope you will support.
www.fxpatterntrading.blogspot.com

Added by zaxkjcr on November 13, 2008 at 9:30am — No Comments

EUR Rebounding To 1.5180 After Establishing A Foothold above 1.4840/80

020 GMT



The weak US data especially on the US budget deficit and JP Morgan posting a bigger losses than expected in mortgage crisis influenced and supported EUR rebound from Asia low of 1.4815. EUR establishing a strong foothold above 1.4840 during Europe session and above 1.4880 at the end of New York session is setting up the correction higher.



EUR after more than a week of easing since it fell from 1.5500 is presently geared towards taking out the overnight high at… Continue

Added by chosenone on August 12, 2008 at 11:29pm — No Comments

2320GMT EUR is targeting the next move to 1.4760/1.4800 after it finished below 1.4960 in New York. Current level at 1.4895 shall pressure near support at 1.4880 to give way to trigger the fallout. …

2320GMT



EUR is targeting the next move to 1.4760/1.4800 after it finished below 1.4960 in New York. Current level at 1.4895 shall pressure near support at 1.4880 to give way to trigger the fallout. This drop could be the final fallout for this month before EUR is poised to consolidate inside the expected 1.4800-1.5200 range with further move beyond that to be limited to 1.5360/1.5600.



Overall trend though remained bearish for EUR to drift down to 1.3600/1.4400 in the final… Continue

Added by chosenone on August 12, 2008 at 2:00am — No Comments

EUR

1630 GMT



The breakout of the 1.5240-1.6037 consolidation band established since March resulted in a heavy fallout before EUR stalled at 1.4900 during Asia session. EUR attempt to stage a correction continued to be hampered by heavy unwinding by funds, central bankers and long term traders that the bounce was capped at 1.5082.



EUR failure to sustain the bounce above 1.4960/1.5000 at the end of Europe session suggests that it may face further probe at current low of 1.4900.… Continue

Added by chosenone on August 11, 2008 at 7:23pm — No Comments

EUR

EUR



0800 GMT



EUR after failing to gain a foothold above 1.5440 depleted on long liquidation that led to a fallout to a low of 1.5320 in overnight session. It fell further in Asia session on the loss of 1.5240/80 resulting in a new low at 1.5190 a level not seen since March 2008. The move has led to EUR moving out of the 1.5240-1.

Technorati Tags: Foreign exchange,EUR



6037 consolidation band that was established since March. While it has broke away from the… Continue

Added by chosenone on August 8, 2008 at 6:55pm — No Comments

EUR

06 August



EUR

0500GMT



EUR has bottomed at 1.5396 on its fallout from 1.5580. Current move above 1.5440 is setting up the rebound to 1.5520/1.5560 ahead of ECB decision on domestic interest rates. Given the recent weak data pointing towards a economic slowdown and signs of inflation ebbing in the second half of the year, ECB is likely to keep rates unchanged while keeping a hawkish tone. Recent fallout in oil prices and the rebound seen in global equity market provided… Continue

Added by chosenone on August 8, 2008 at 6:55pm — No Comments

EUR

05 August

EUR



0330 GMT



EUR is heading down to 1.5280/1.5360 after repeated attempt to return inside the previous 1.5630-1.5900 consolidation band faltered in past few days. Current move below previous week low at 1.5520 has opened the gate for the first move to 1.5440 if it failed to stay below 1.5480 at the end of Europe session.. This is the first phase of EUR fallout from the high the all time high of 1.6037 where it is targeting a correction down to 1.3800/1.4400… Continue

Added by chosenone on August 8, 2008 at 6:52pm — No Comments

EUR

Wall Street extending its recovery on the back of positive employment figures in the private sector together with Fed injecting liquidity to flush the banking system to ease the mortgage crisis are factors influencing further dollar gains. Together with hedge funds liquidation forcing oil to move closer to $120 per barrel brought about fresh dollar buying that could extend during Asia trading session. Month-end dollar requirements especially from corporate in Asia provided additional support… Continue

Added by chosenone on July 31, 2008 at 6:15am — No Comments

EUR

EUR running out of steam on its bounce off the overnight low at 1.5555. It is presently struggling to sustain the move above 1.5580 after facing selling interests on approach of 1.5600. Failure couple with a return below 1.5580 may prompt EUR to carry out another attempt lower. We closed our long position at 1.5592 and turned short at 1.5586 for a possible move to 1.5500/20.



The fallout in oil prices together with the positive US consumer confidence rising has overshadowed the… Continue

Added by chosenone on July 30, 2008 at 11:05am — No Comments

Forex Blog

Check out my forex blog

http://www.forexblogviews.blogspot.com/

Added by forex's best trader on June 1, 2008 at 11:54am — No Comments

inflation FED solution money investing recession capital wealth

Inflation and Recession: Today's Challenges and Trading Solutions Edit Delete May 15, 2008 0 comments Money

Inflation and Recession: Today's Challenges and Trading Solutions



I came across some information from one of my business associates over the last week and I thought it was suitable for our TEAM FXP traders to understand the importance of exceeding a minimum of 8% a year in their trading portfolio in order to stay ahead of inflation. Here is a more detailed assessment on… Continue

Added by Russ Field on May 27, 2008 at 5:40am — 1 Comment

Fatigue: Overcoming for Profits and Health

Fatigue: How to Overcome Fatigue to Keep your Health and Profit



Forex is open 24 hrs a day, 6 days a week with virtually unlimited liquidity due to the massive and continual movement of currency across the world stage. It is a giant unto itself. Since the market is so vast and so potentially profitable it is easy for the neophyte trader to stumble into the opportunity of vastness. Many traders beginning their career spending countless days on end without sleep waiting for profitable… Continue

Added by Russ Field on May 27, 2008 at 5:39am — No Comments

Greed and Fear: Finding a Balance

Greed and Fear: Finding a Balance



The emotional teeter totter of greed and fear, one moment you are the ‘king of the world' making a string of successful trades then it happens. A trader takes that one extra trade (over trades according to their trading plan and money management strategy) or the trader removes a stop loss (ditching money management and objective trading rules) in order continue the win streak only to see their gains vanish. Each and every trader throughout their… Continue

Added by Russ Field on May 27, 2008 at 5:38am — No Comments

Overcome Fear and Greed

How to overcome greed and fear!



To commit to and adhere to ones' trading plan and money management strategy is paramount to overcoming greed and tackling fear. Faith and confidence in your trading plan and trading system to extract profits out of the market is key. Without faith you will see traders try absolutely every system and "magic bullet" only to waste countless hours and thousands of dollars never understanding the root of the challenge, themselves. Instead traders need to… Continue

Added by Russ Field on May 27, 2008 at 5:36am — 1 Comment

Patience and Discipline

Patience and Discipline



As you learn how to trade and put much of this information into practice you will come to realize how vital patience and discipline are to your long term success as a trader. Patience emphasizes calmness, self-control and the willingness or ability to tolerate delay. When starting your trading plan you need to realize that you are starting a new career. Rome, wasn't built in a day and neither will your trading empire. It is important to stick to your trading… Continue

Added by Russ Field on May 27, 2008 at 5:35am — No Comments

Becoming a Profitable Career Forex Trader

Becoming a Profitable Career Forex Trader







The two most important commodities the masses strive to get more of are Time and Money. The world is shrinking, due to advances in telecommunications, onslaught of media bombardment and our fast paced lifestyle (consumerism). It seems that each of us are embroiled in a race to see who can come up with the greatest quantity of cheese and still have time to eat it before they fizzle and die. Most of us are wildly out of balance, due… Continue

Added by Russ Field on May 27, 2008 at 5:34am — No Comments

Testimonial TEAM FXP: FXCourse.com

TEAM FXP Testimonial



I am delighted by Tim's return, and more importantly, the fact that his sessions are now taking place during more active trading hours.



Not only has Tim helped me dramatically improve the technical aspects of my trading, he has been invaluable in helping me get my head straight. As you know, the wrong psychology can quickly undermine even the best technical skills. During his absence, I continued to bounce between the extremes of fear and recklessness… Continue

Added by Russ Field on May 27, 2008 at 5:31am — No Comments

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