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Forex Trading Opportunities: Economic Data That Affects The Dollar
If you are a fundamental trader in the forex market, meaning that you focus on economic data to place your trades instead of mathematical indicators,...full articles
The Federal Reserve And Interest Rates
Theory Against Reality
Anyone who is a student of economics would agree that most of the charts and ratios from your class did not seem to be too practical, meaning you could not take the things you were learning...full articles
How Forex Technical Analysis Can Help You
The old clichés that "we learn from our mistakes" and "history repeats itself" are very evident in the field of Forex technical analysis. This type of learning for decision making...full articles
Price action analysis:
perspective vs. black box
The forex market can be very volatile at times and is always in a unique state; no two moments are ever exactly the same in the forex market. However, there are certain price patterns that do re-occur in the forex markets...full articles
Technical Analysis of the Trading Techniques
Need and Source The forex players, which include traders and investors, are in a constant need of news. The news is delivered by sources as varied as the news groups,...full articles
Two Performance Numbers You Need To Watch
When evaluating a futures or forex trading system or method, probably everyone first looks at annual return, since that's ultimately what it is all about. But only the most naive ...full articles
Relative Valuation In The Foreign Exchange Market
The main difference between trading in the foreign exchange market and trading in all other financial markets is the difference between solitary valuation versus relative valuation...full articles
Fundamental vs. Technical Analysis
For many years the debate has raged between the fundamentalists and the technicians. The question is who has a winning edge in predicting market movements and trading opportunities...full articles
Fundamental Analysis in Foreign Currency Trading
In fundamental analysis, forex traders look at the "fundamentals" to estimate the effect on the currency price. There are many fundamentals to analyze, including these market movers...full articles
Should You Use a Pareto Chart? What? you don't know what it is
Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage...full articles
Fundamental or Technical analysis?
In forex trading the most simple methods of analysis are known as fundamental and technical analysis. Fundamental analysis is simply the big picture, the examination of a country or nations...full articles
Forex Fundamental Analysis Is Far From Dead
For many years the basis of analysis in currency trading was fundamental analysis but in the last few years this has been increasingly replaced by technical analysis...full articles
Significant Facts About Forex Currency Pairs
One of the primary elements when it comes to trading forex currencies is that it necessitates trading in pairs of currencies like EUR/USD in which Euro trades over the US dollars. ...full articles
Fibonacci Forex Trading
What is Fibonacci Forex trading, you ask? The platform of a majority of Forex trading systems, Fibonacci Forex trading is used by numerous professional Forex brokers all over the world...full articles
How The Worlds News Effects Currencies
Either you are simply starting in Forex or have a expertise in it, but it's very important you stay on top with all the Forex news happening in the industry...full articles
Latest Important Forex News
Will US Non-Farm Payrolls Spark a Major US Dollar Rally on Friday? May 02, edited from Daily FX On Friday, US non-farm payroll figures will be reported and are anticipated to ,...full articles
Why it Works and How You Can Make Bigger Profits
Many traders don't understand how and why forex technical analysis works and base there trading systems on wrong assumptions and lose. Here we will show the advantages of forex charts ...full articles
Trading Forex- GBP-JPY 2008 update.
On the heels of massive Yen rally in summer 2007, later named by main stream ...full articles
Bollinger Bands Explained When To Trade And When To Fade
Bollinger Bands are techniques that are created in the 1980s by John Bollinger. ...full articles
Learn How Prices Really Move For Bigger Profits
Forex price action you need to know the factors that affect price to make money...full articles
Sunday, February 14, 2010
Forex Price Action
Learn How Prices Really Move For Bigger Profits
By: Monica Hendrix
Forex price action you need to know the factors that affect price to make money with your forex trading strategy and it's a fact most traders do NOT understand the factors that drive prices - If you do, you can enjoy better market timing and bigger forex profits...
Let's start with a simple equation:
Forex Fundamentals (supply and demand factors) + Investor Perception of = Forex price Movement.
Now the above is simple - but many traders misunderstand what the equation means and make these critical errors:
1. They try and trade the Fundamentals
They see all those convincing experts on news wires etc and try and trade the news stories - but that's all they are stories. Prices don't move based upon the fundamentals alone - they move on how humans perceive them.
We all have the same facts to look at - but we all draw different conclusions from what we see and your view, my view and millions of others, determines the final price.
Humans are not logical either, their view is colored by greed and fear and if try and trade the fundamentals in isolation, you will lose.
Will Rogers once said: "I only believe what I read in the papers" and he was of course joking - but you would be surprised at how many people take news stories as gospel and trade them and end up losing. Keep in mind this fact:
Markets rally when the news is most bearish and fall when its most bullish - this is not a reflection of the fundamentals but of investor psychology.
2. Market Move to a Higher Force
On the other hand, you have a group of traders who believe prices believe that prices move totally detached from the fundamentals and move to some higher scientific theory and can be predicted with scientific accuracy.
Of course this view is wrong. Humans are NOT scientific and don't move to a criteria you can judge. Sure, human nature is constant - but it can't be measured with scientific accuracy - if it could, we would all know the price in advance and there would be no market!
So how do you Judge Forex Price Action?
We know the fundamentals don't help on there own and we know all the scientific theories based on forex technical analysis are wrong, that doesn't mean you can't make money from forex price action. Here's how you do it:
Understand this first:
Forex trading is a game of odds NOT certainties but if you can play the odds you can win. Just like the good poker players, you bet when the odds are in your favour and fold when there not.
You can still use forex charts and all you do is look for high odds trades.
Keep in mind forex charts show you the fundamentals (they simply assume all known fundamentals show up in price action) but they do something more they show you the reality of how humans have reacted to them - its clear on a chart right in front your eyes.
Trade the Truth For Bigger Forex Profits
You don't need to hope, guess or predict forex price action you simply respond and act on forex price action as it is and trade the truth.
Forex charts are a great tool to make money with and you can then trade in a disciplined fashion with your forex trading strategy, for big long term profits by trading the odds.
A forex trader who does this doesn't care how or why forex price action unfolds - they just want to make money when they do, by locking into price trends for profit.
About the author:
NEW! 2 X FREE ESSENTIAL TRADER PDFSFor free 2 exclusive x trading Pdf's and more on F orex Price Action visit our website at: http://www.learn currencytradingonline.com
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
By: Monica Hendrix
Forex price action you need to know the factors that affect price to make money with your forex trading strategy and it's a fact most traders do NOT understand the factors that drive prices - If you do, you can enjoy better market timing and bigger forex profits...
Let's start with a simple equation:
Forex Fundamentals (supply and demand factors) + Investor Perception of = Forex price Movement.
Now the above is simple - but many traders misunderstand what the equation means and make these critical errors:
1. They try and trade the Fundamentals
They see all those convincing experts on news wires etc and try and trade the news stories - but that's all they are stories. Prices don't move based upon the fundamentals alone - they move on how humans perceive them.
We all have the same facts to look at - but we all draw different conclusions from what we see and your view, my view and millions of others, determines the final price.
Humans are not logical either, their view is colored by greed and fear and if try and trade the fundamentals in isolation, you will lose.
Will Rogers once said: "I only believe what I read in the papers" and he was of course joking - but you would be surprised at how many people take news stories as gospel and trade them and end up losing. Keep in mind this fact:
Markets rally when the news is most bearish and fall when its most bullish - this is not a reflection of the fundamentals but of investor psychology.
2. Market Move to a Higher Force
On the other hand, you have a group of traders who believe prices believe that prices move totally detached from the fundamentals and move to some higher scientific theory and can be predicted with scientific accuracy.
Of course this view is wrong. Humans are NOT scientific and don't move to a criteria you can judge. Sure, human nature is constant - but it can't be measured with scientific accuracy - if it could, we would all know the price in advance and there would be no market!
So how do you Judge Forex Price Action?
We know the fundamentals don't help on there own and we know all the scientific theories based on forex technical analysis are wrong, that doesn't mean you can't make money from forex price action. Here's how you do it:
Understand this first:
Forex trading is a game of odds NOT certainties but if you can play the odds you can win. Just like the good poker players, you bet when the odds are in your favour and fold when there not.
You can still use forex charts and all you do is look for high odds trades.
Keep in mind forex charts show you the fundamentals (they simply assume all known fundamentals show up in price action) but they do something more they show you the reality of how humans have reacted to them - its clear on a chart right in front your eyes.
Trade the Truth For Bigger Forex Profits
You don't need to hope, guess or predict forex price action you simply respond and act on forex price action as it is and trade the truth.
Forex charts are a great tool to make money with and you can then trade in a disciplined fashion with your forex trading strategy, for big long term profits by trading the odds.
A forex trader who does this doesn't care how or why forex price action unfolds - they just want to make money when they do, by locking into price trends for profit.
About the author:
NEW! 2 X FREE ESSENTIAL TRADER PDFSFor free 2 exclusive x trading Pdf's and more on F orex Price Action visit our website at: http://www.learn currencytradingonline.com
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
When To Trade And When To Fade
Bollinger Bands Explained When To Trade And When To Fade
By: Sebastian Secret
Bollinger Bands are techniques that are created in the 1980s by John Bollinger. They are plotted lines that represent an upper and lower trading range for a particular market price. It is a guide for traders to see how the future market would go. Each of the line is the predictable range of the moving average. So, the currency pair is expected to trade within these limitations.
Bollinger Bands are used to determine when to buy or sell the market share. For example, buy a market share between the upper line and the lower line, which is unexpected, may not be a good deal. Normally the price will trade within the expectations (below the upper line and above the lower line). The directional trend is still useful to the traders even though a price is out of those limitations as those lines will widen accordingly.
Key features of Bollinger Bands: 1. A move starts when a line tends to reach the other line. 2. When the price is unstable, a sharp move will easily happen when the lines meet at an average level. Remember, the longer the unstable price takes, the higher the possibility a breakout may happens. 3. The current trend is usually maintained although there is a breakout as those lines will widen accordingly. 4. The top or a bottom (no matter inside or outside the lines) indicates the trend of market changing.
Configuration and Confirmations To have a better result, withdraw two standard deviations from 20 periods simple moving average. However, there can be a variety of periods and standard deviations. A correct selection will provides a better and correct estimation. See the chart of the EUR/USD pairing at Learn Forex Charts. Most of the prices are remain within the lines. However, there are some breakouts, especially in a narrower range. Even though breakouts do happen, some breakout tends to restore within the lines range in a short while. If those breakouts represent a real market shift, the Bollinger bands will automatically widen accordingly. Most of the time, Bollinger Bands are used with the Average Directional Index (ADX), RSI and Stochastic indicator
Study more at Learn Forex Trading
About the author:
Professional Forex Trader -Learn Forex Trading
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By: Sebastian Secret
Bollinger Bands are techniques that are created in the 1980s by John Bollinger. They are plotted lines that represent an upper and lower trading range for a particular market price. It is a guide for traders to see how the future market would go. Each of the line is the predictable range of the moving average. So, the currency pair is expected to trade within these limitations.
Bollinger Bands are used to determine when to buy or sell the market share. For example, buy a market share between the upper line and the lower line, which is unexpected, may not be a good deal. Normally the price will trade within the expectations (below the upper line and above the lower line). The directional trend is still useful to the traders even though a price is out of those limitations as those lines will widen accordingly.
Key features of Bollinger Bands: 1. A move starts when a line tends to reach the other line. 2. When the price is unstable, a sharp move will easily happen when the lines meet at an average level. Remember, the longer the unstable price takes, the higher the possibility a breakout may happens. 3. The current trend is usually maintained although there is a breakout as those lines will widen accordingly. 4. The top or a bottom (no matter inside or outside the lines) indicates the trend of market changing.
Configuration and Confirmations To have a better result, withdraw two standard deviations from 20 periods simple moving average. However, there can be a variety of periods and standard deviations. A correct selection will provides a better and correct estimation. See the chart of the EUR/USD pairing at Learn Forex Charts. Most of the prices are remain within the lines. However, there are some breakouts, especially in a narrower range. Even though breakouts do happen, some breakout tends to restore within the lines range in a short while. If those breakouts represent a real market shift, the Bollinger bands will automatically widen accordingly. Most of the time, Bollinger Bands are used with the Average Directional Index (ADX), RSI and Stochastic indicator
Study more at Learn Forex Trading
About the author:
Professional Forex Trader -Learn Forex Trading
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Trading Forex- GBP-JPY 2008 update.
By: Mike P. Kulej
On the heels of massive Yen rally in summer 2007, later named by main stream press the "unwind of the carry trade",we published an article about anticipated direction of GBP-JPY. For details please see previous writing "Trading Forex- GBP-JPY outlook". The future outlined there have come to fruition and it's time to take a look next possible moves for this cross. Comparing to other popular currency pairs, GBP-JPY is relatively illiquid. This is reflected in its wide spread of 7-8 pips on most popular trading platforms. It does not compare favorably with EUR-USD 2 pips, USD-JPY 2-3 pips or even GBP-USD 3-4 pips with most brokers. It is, however, significantly less than 10-15 pips just few years ago.
Despite these limitations, GBP-JPY remains one of preferred crosses for speculators. One of the reasons is large daily trading range. Moves over 200-300 pips seem to be the norm and 500 + pips daily fluctuations certainly don't raise anyone's eyebrows. And let's not forget the 1000 pips day last summer. On top of that, in the current environment of relatively strong Yen, those pips have high value. There is potential for large gains, and losses, on daily bases. Speculative popularity of this pair certainly is not going to dwindle any time soon.
As of this writing GBP-JPY is at about 207.00 level, after bouncing from 192.50, the low of most recent sell off. For the time being a slow upward movement is expected, reaching maybe as high as 215.00 over next few months, or sometimes this summer. Once that is completed, one more leg down should finish longer term bearish move. Previous swings suggest a target of 185.00 or so. Chart development suggest a steady, measured price movement, rather than the kind of violent swings from last summer or even earlier this year. It's reasonable to place this "anticipated low" very late this year or beginning of 2009. After that a very strong, and prolonged, bull market should resume.
This particular scenario is dictated more by very long term charts and fundamentals pertaining to GBP. Yen is notoriously more unpredictable. That is true to both technical as well as fundamental analysis of Japanese currency. Of course, any large scale, unexpected events can farther complicate this outlook.
No matter what happens, GBP-JPY is sure to remain one of the favorite speculative instruments the world over. Even if one trades it only on daily bases, it doesn't hurt to have some long term possible scenarios mapped out.
About the author:
Mike P.Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on www.spectrumforex.com . Spectrum Forex LLC offers numerous services to individual traders. With questions and comments e-mail him at kulej@spectrumforex.com.
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On the heels of massive Yen rally in summer 2007, later named by main stream press the "unwind of the carry trade",we published an article about anticipated direction of GBP-JPY. For details please see previous writing "Trading Forex- GBP-JPY outlook". The future outlined there have come to fruition and it's time to take a look next possible moves for this cross. Comparing to other popular currency pairs, GBP-JPY is relatively illiquid. This is reflected in its wide spread of 7-8 pips on most popular trading platforms. It does not compare favorably with EUR-USD 2 pips, USD-JPY 2-3 pips or even GBP-USD 3-4 pips with most brokers. It is, however, significantly less than 10-15 pips just few years ago.
Despite these limitations, GBP-JPY remains one of preferred crosses for speculators. One of the reasons is large daily trading range. Moves over 200-300 pips seem to be the norm and 500 + pips daily fluctuations certainly don't raise anyone's eyebrows. And let's not forget the 1000 pips day last summer. On top of that, in the current environment of relatively strong Yen, those pips have high value. There is potential for large gains, and losses, on daily bases. Speculative popularity of this pair certainly is not going to dwindle any time soon.
As of this writing GBP-JPY is at about 207.00 level, after bouncing from 192.50, the low of most recent sell off. For the time being a slow upward movement is expected, reaching maybe as high as 215.00 over next few months, or sometimes this summer. Once that is completed, one more leg down should finish longer term bearish move. Previous swings suggest a target of 185.00 or so. Chart development suggest a steady, measured price movement, rather than the kind of violent swings from last summer or even earlier this year. It's reasonable to place this "anticipated low" very late this year or beginning of 2009. After that a very strong, and prolonged, bull market should resume.
This particular scenario is dictated more by very long term charts and fundamentals pertaining to GBP. Yen is notoriously more unpredictable. That is true to both technical as well as fundamental analysis of Japanese currency. Of course, any large scale, unexpected events can farther complicate this outlook.
No matter what happens, GBP-JPY is sure to remain one of the favorite speculative instruments the world over. Even if one trades it only on daily bases, it doesn't hurt to have some long term possible scenarios mapped out.
About the author:
Mike P.Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on www.spectrumforex.com . Spectrum Forex LLC offers numerous services to individual traders. With questions and comments e-mail him at kulej@spectrumforex.com.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Forex Technical Analysis
Why it Works and How You Can Make Bigger Profits
By: Monica Hendrix
Many traders don't understand how and why forex technical analysis works and base there trading systems on wrong assumptions and lose. Here we will show the advantages of forex charts and how you can make big profits from them.
1. The Equation for Market Movement
The equation is simple
Market Fundamentals + Human perception of = Price.
Its humans that decide the price of anything and that includes currency prices.
As human nature is constant this is reflected in chart patterns which repeat and repeat again. The fundamental news is not important by itself, its how it is perceived that determines the course of events.
Forex technical analysis simply assumes all the fundamentals will quickly show up in price action and more importantly, the forex charts will tell you how all the traders have perceived them.
You are viewing the truth on a forex chart no guessing or predicting is needed, you are seeing the reality of the market price.
2. Forex Trend Following
Forex prices move in trends up or down and as the currency markets reflect the health of the economy they represent, these trends can last for weeks, months or even years.
A forex chartist doesn't care how or why prices are moving, they simply want to lock into these trends and make money from them.
3. A Game of Odds Not Certainties
Many people think prices move to some mysterious scientific theory - but they don't and there is no way of predicting where prices will go. If of course there were a scientific theory of forex market movement, we would all know the price in advance and there would be no market!
When you trade forex you are simply trading the odds - but don't let that put you off, you can make a lot of money. You're like a good poker player who passes hands by, folds losing ones and hits the big paying high odds hands.
Your trade is your hand and you should be patient, to wait for the right opportunities and not be afraid to fold or pass a trade by, until you get the right opportunity.
4. Best Time Frames
The best time frames are the big trends which last for weeks and months and the overbought / oversold areas within the trend which, last for few days to a week.
Never day trade! This is huge mistake made by many traders. All short term volatility is random and you will never win so don't try it.
You can however swing trade or long term trend follow, it's a matter of choice which method you choose - both work.
5. Choosing Your Indicators
Start by using support and resistance lines and learn a breakout methodology, its timeless and it works and is covered in our other articles. Then, just add a few indicators to help you confirm your trades and your all set.
Forex technical analysis can make you a lot of money if used correctly and this means
- Acting on the reality of price change not predicting
- Using simple robust rule based system
- Being patent and only trading high odds trades
- Controlling losses with rigid money management.
When using forex technical analysis, you have a time efficient way to seek huge profits from the markets and if you can get yourself a simple rule based system which trades the reality of price change and locks into and holds trends, you can make outstanding gains.
About the author:
NEW! 2 X FREE ESSENTIAL TRADER PDFSFor free 2 x trading Pdf's, with 90 of essential info and more on F orex Techncial Analysis visit our website at: http://www.learn currencytradingonline.com
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
By: Monica Hendrix
Many traders don't understand how and why forex technical analysis works and base there trading systems on wrong assumptions and lose. Here we will show the advantages of forex charts and how you can make big profits from them.
1. The Equation for Market Movement
The equation is simple
Market Fundamentals + Human perception of = Price.
Its humans that decide the price of anything and that includes currency prices.
As human nature is constant this is reflected in chart patterns which repeat and repeat again. The fundamental news is not important by itself, its how it is perceived that determines the course of events.
Forex technical analysis simply assumes all the fundamentals will quickly show up in price action and more importantly, the forex charts will tell you how all the traders have perceived them.
You are viewing the truth on a forex chart no guessing or predicting is needed, you are seeing the reality of the market price.
2. Forex Trend Following
Forex prices move in trends up or down and as the currency markets reflect the health of the economy they represent, these trends can last for weeks, months or even years.
A forex chartist doesn't care how or why prices are moving, they simply want to lock into these trends and make money from them.
3. A Game of Odds Not Certainties
Many people think prices move to some mysterious scientific theory - but they don't and there is no way of predicting where prices will go. If of course there were a scientific theory of forex market movement, we would all know the price in advance and there would be no market!
When you trade forex you are simply trading the odds - but don't let that put you off, you can make a lot of money. You're like a good poker player who passes hands by, folds losing ones and hits the big paying high odds hands.
Your trade is your hand and you should be patient, to wait for the right opportunities and not be afraid to fold or pass a trade by, until you get the right opportunity.
4. Best Time Frames
The best time frames are the big trends which last for weeks and months and the overbought / oversold areas within the trend which, last for few days to a week.
Never day trade! This is huge mistake made by many traders. All short term volatility is random and you will never win so don't try it.
You can however swing trade or long term trend follow, it's a matter of choice which method you choose - both work.
5. Choosing Your Indicators
Start by using support and resistance lines and learn a breakout methodology, its timeless and it works and is covered in our other articles. Then, just add a few indicators to help you confirm your trades and your all set.
Forex technical analysis can make you a lot of money if used correctly and this means
- Acting on the reality of price change not predicting
- Using simple robust rule based system
- Being patent and only trading high odds trades
- Controlling losses with rigid money management.
When using forex technical analysis, you have a time efficient way to seek huge profits from the markets and if you can get yourself a simple rule based system which trades the reality of price change and locks into and holds trends, you can make outstanding gains.
About the author:
NEW! 2 X FREE ESSENTIAL TRADER PDFSFor free 2 x trading Pdf's, with 90 of essential info and more on F orex Techncial Analysis visit our website at: http://www.learn currencytradingonline.com
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Latest Important Forex News
By: vanSetiawan
Will US Non-Farm Payrolls Spark a Major US Dollar Rally on Friday? May 02, edited from Daily FX On Friday, US non-farm payroll figures will be reported and are anticipated to point towards recessionary conditions in the US economy, despite the positive Q1 GDP reading. The previous NFP release in March came in at a sharp decline of 80,000 jobs, but given the recent increase in the ADP employment change of 10k (expectations were for a drop of 60k), there is speculation the figure could be a bit better than expected. However, the ADP report showed that only small firms of 1-49 employees and the services sector in general took on workers, as larger firms and those involved in the manufacturing and goods-producing sectors posted net job losses.
How Will Non-Farm Payrolls Impact The US Dollar? May 02, edited from Daily FX The US dollar has strengthened across the board today ahead of Friday's non-farm payrolls release. This may befuddle some traders as the greenback's price action conflicts with the higher jobless claims report and the deterioration in the employment component of manufacturing ISM. According to our non-farm payrolls preview, job growth should decline for the fourth consecutive month. The market is currently expecting non-farm payrolls to fall by 78k and for the US unemployment rate to rise to highest level in 3 years. There is even a possibility that job losses could hit -100k.
US Dollar Recovers As Markets Trim Bets For Future Rate Cuts May 02, edited from Daily Fx The US dollar strengthened against all of the major currencies as market participants spurred bets that yesterday's 25bp rate cut would be the last of its series, and heighted bullish sentiment for the greenback amid negative economic data. As a result, the US dollar soaked in the biggest gains against the low yielding Swiss franc, with the Yen following behind as the pair traded in the 104.4 range. The high yielding commodity currencies lost ground against the greenback as commodity prices dipped lower, with the Canadian dollar taking the biggest beating of the three as it rose to 1.019. Against the European currencies, the US dollar regained its footing as it consolidated yesterday's losses. As a result, the British Pound failed to hold up against the US dollar as it dropped to 1.974, while the euro continued to rack up losses at the pair dipped to 1.547.
About the author:
I am a 30 years old man. I have trade Forex for 4 years. I only use Fibonacci + %R indicator on my chart...looks simple but accurate!
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Will US Non-Farm Payrolls Spark a Major US Dollar Rally on Friday? May 02, edited from Daily FX On Friday, US non-farm payroll figures will be reported and are anticipated to point towards recessionary conditions in the US economy, despite the positive Q1 GDP reading. The previous NFP release in March came in at a sharp decline of 80,000 jobs, but given the recent increase in the ADP employment change of 10k (expectations were for a drop of 60k), there is speculation the figure could be a bit better than expected. However, the ADP report showed that only small firms of 1-49 employees and the services sector in general took on workers, as larger firms and those involved in the manufacturing and goods-producing sectors posted net job losses.
How Will Non-Farm Payrolls Impact The US Dollar? May 02, edited from Daily FX The US dollar has strengthened across the board today ahead of Friday's non-farm payrolls release. This may befuddle some traders as the greenback's price action conflicts with the higher jobless claims report and the deterioration in the employment component of manufacturing ISM. According to our non-farm payrolls preview, job growth should decline for the fourth consecutive month. The market is currently expecting non-farm payrolls to fall by 78k and for the US unemployment rate to rise to highest level in 3 years. There is even a possibility that job losses could hit -100k.
US Dollar Recovers As Markets Trim Bets For Future Rate Cuts May 02, edited from Daily Fx The US dollar strengthened against all of the major currencies as market participants spurred bets that yesterday's 25bp rate cut would be the last of its series, and heighted bullish sentiment for the greenback amid negative economic data. As a result, the US dollar soaked in the biggest gains against the low yielding Swiss franc, with the Yen following behind as the pair traded in the 104.4 range. The high yielding commodity currencies lost ground against the greenback as commodity prices dipped lower, with the Canadian dollar taking the biggest beating of the three as it rose to 1.019. Against the European currencies, the US dollar regained its footing as it consolidated yesterday's losses. As a result, the British Pound failed to hold up against the US dollar as it dropped to 1.974, while the euro continued to rack up losses at the pair dipped to 1.547.
About the author:
I am a 30 years old man. I have trade Forex for 4 years. I only use Fibonacci + %R indicator on my chart...looks simple but accurate!
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How The Worlds News Effects Currencies
By: Korbin Newlyn
Either you are simply starting in Forex or have a expertise in it, but it's very important you stay on top with all the Forex news happening in the industry. Staying intact with what happens around the world within your industry can be really addictive at times. Moreover with a globalized world it seems that something happens somewhere every moment of the time.
Financial News
Here we are listing some of latest news that has happened in and around the forex industry and will impact your business as well in some ways. Remember that Foreign exchange currencies are always paired so you will need to receive relevant news about the comparison of two different currencies or commodities. Some examples of relevant news that would have an impact on various currencies around the globe would be; -A recent story reported that retail traders had just tipped to a net short positioning on the same day that the British pound gained a 200 point plus rally.
-Forex traders watch the U.S. housing slump very carefully, gauging the market for mortgage futures.
-When the U.S. Fed made its recent rate cut, one Forex news service reported that expectations for the U.S. Dollar were "falling like a rock."
-Recession fears in the United States may drive the dollar even lower than it already is. (In Forex trading, the fact that the dollar drops is not considered negative, as long as the trader leverages the drop when trading for higher priced, more valuable currencies around the glove. Political News
Most people are under the wrong impression that currency and finance news are the only things that interests any forex trade, yet political news is very important as well as they can give you hint of the political movement of different nations and their where their country is headed. You need to make sure that you follow the trend that goes throughout the world.
Currency and financial news are not the only news stories of interest to Forex investors and traders. Forex traders are also interested in political news that can have an impact on a country's currency. -Tragic events like the assassination of a political leader can affect currency futures in the country where the event occurs and can have a ripple effect in surrounding areas; for example, the assassination of Benazir Bhutto in Pakistan.
-Natural disasters like an earthquake, hurricane, or typhoon can consume a great deal of a country's resources; therefore, Forex traders watch news of such disasters.
-Political events, like the U.S. presidential election cycle, has significant effects on currency valuation; therefore, Forex news contains updates on presidential candidates, primary elections, and general elections. News Analysis
Forex news services add value to the news stories they provide by analyzing current events and predicting how they will affect the exchange rates of various currencies around the globe.
Some popular sources for Forex research and analysis are: Daily FX, Rabobank Technical FX Daily, Scotia FX, TRL, Mizuho Corporate Bank, CIBC World Markets, BHF Bank, and Mellon Foreign Exchange.
About the author:
Listen to Korbin Newlyn as he shares his insights as an expert author and an avid writer in the field of finance and investment. If you would like to learn more go to Forex Signal Software advice and at Real Time Forex Chart tips.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Either you are simply starting in Forex or have a expertise in it, but it's very important you stay on top with all the Forex news happening in the industry. Staying intact with what happens around the world within your industry can be really addictive at times. Moreover with a globalized world it seems that something happens somewhere every moment of the time.
Financial News
Here we are listing some of latest news that has happened in and around the forex industry and will impact your business as well in some ways. Remember that Foreign exchange currencies are always paired so you will need to receive relevant news about the comparison of two different currencies or commodities. Some examples of relevant news that would have an impact on various currencies around the globe would be; -A recent story reported that retail traders had just tipped to a net short positioning on the same day that the British pound gained a 200 point plus rally.
-Forex traders watch the U.S. housing slump very carefully, gauging the market for mortgage futures.
-When the U.S. Fed made its recent rate cut, one Forex news service reported that expectations for the U.S. Dollar were "falling like a rock."
-Recession fears in the United States may drive the dollar even lower than it already is. (In Forex trading, the fact that the dollar drops is not considered negative, as long as the trader leverages the drop when trading for higher priced, more valuable currencies around the glove. Political News
Most people are under the wrong impression that currency and finance news are the only things that interests any forex trade, yet political news is very important as well as they can give you hint of the political movement of different nations and their where their country is headed. You need to make sure that you follow the trend that goes throughout the world.
Currency and financial news are not the only news stories of interest to Forex investors and traders. Forex traders are also interested in political news that can have an impact on a country's currency. -Tragic events like the assassination of a political leader can affect currency futures in the country where the event occurs and can have a ripple effect in surrounding areas; for example, the assassination of Benazir Bhutto in Pakistan.
-Natural disasters like an earthquake, hurricane, or typhoon can consume a great deal of a country's resources; therefore, Forex traders watch news of such disasters.
-Political events, like the U.S. presidential election cycle, has significant effects on currency valuation; therefore, Forex news contains updates on presidential candidates, primary elections, and general elections. News Analysis
Forex news services add value to the news stories they provide by analyzing current events and predicting how they will affect the exchange rates of various currencies around the globe.
Some popular sources for Forex research and analysis are: Daily FX, Rabobank Technical FX Daily, Scotia FX, TRL, Mizuho Corporate Bank, CIBC World Markets, BHF Bank, and Mellon Foreign Exchange.
About the author:
Listen to Korbin Newlyn as he shares his insights as an expert author and an avid writer in the field of finance and investment. If you would like to learn more go to Forex Signal Software advice and at Real Time Forex Chart tips.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Fibonacci Forex Trading
By: Steve Sax
What is Fibonacci Forex trading, you ask? The platform of a majority of Forex trading systems, Fibonacci Forex trading is used by numerous professional Forex brokers all over the world.
An Italian mathematician Fibonacci is famous for his creation of the Fibonacci sequence. You can define this sequence as a series of numbers where each number is the sum of the two preceding numbers; 1, 2, 3, 5, 8, 13.
When dealing with currency trading, what's even more important than the actual Fibonacci sequence is the rations derived from this sequence of numbers; .236, .50, .382, .618, etc.
Many man-made creations use these mathematical proportions known as ratios as well as many structures and places in nature.
Forex traders can benefit from using these proportions when trading. The oscillations in the Forex charts are indicators of support levels and resistance. While it can't guarantee it to the last cent, the closeness it does get is unbelievable.
When using a Fibonacci Forex day trading system, you must calculate your Fibonacci price points so that you know.
Some new Forex traders get overwhelmed by all the numbers involved and are stressed to make a profit. New Forex traders should feel encouraged to get help grasping the basics and some good practice using Fibonacci levels in addition to secondary indicators. By doing this, you can greatly improve the accuracy of the points for every trade.
Fibonacci forex trading system has been the foundation of many forex trading systems used by professional forex brokers around the world, and billions of dollars are profitably traded every year using this technique.
Milos Pesic is an expert in the field of Forex Trading and runs a highly popular and comprehensive Forex Trading web site. For more articles and resources on Forex related topics, online forex trading, trading tips, forex software and much more visit his site at: Fibonacci Forex trading Review
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
What is Fibonacci Forex trading, you ask? The platform of a majority of Forex trading systems, Fibonacci Forex trading is used by numerous professional Forex brokers all over the world.
An Italian mathematician Fibonacci is famous for his creation of the Fibonacci sequence. You can define this sequence as a series of numbers where each number is the sum of the two preceding numbers; 1, 2, 3, 5, 8, 13.
When dealing with currency trading, what's even more important than the actual Fibonacci sequence is the rations derived from this sequence of numbers; .236, .50, .382, .618, etc.
Many man-made creations use these mathematical proportions known as ratios as well as many structures and places in nature.
Forex traders can benefit from using these proportions when trading. The oscillations in the Forex charts are indicators of support levels and resistance. While it can't guarantee it to the last cent, the closeness it does get is unbelievable.
When using a Fibonacci Forex day trading system, you must calculate your Fibonacci price points so that you know.
Some new Forex traders get overwhelmed by all the numbers involved and are stressed to make a profit. New Forex traders should feel encouraged to get help grasping the basics and some good practice using Fibonacci levels in addition to secondary indicators. By doing this, you can greatly improve the accuracy of the points for every trade.
Fibonacci forex trading system has been the foundation of many forex trading systems used by professional forex brokers around the world, and billions of dollars are profitably traded every year using this technique.
Milos Pesic is an expert in the field of Forex Trading and runs a highly popular and comprehensive Forex Trading web site. For more articles and resources on Forex related topics, online forex trading, trading tips, forex software and much more visit his site at: Fibonacci Forex trading Review
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Significant Facts About Forex Currency Pairs
By: Korbin Newlyn
One of the primary elements when it comes to trading forex currencies is that it necessitates trading in pairs of currencies like EUR/USD in which Euro trades over the US dollars. This is a characteristic pattern of forex currency pairs.
In the instance of the Euro which is the initial currency it is recognized as the base currency whereas the second currency or the dollar is regarded as the counter or quote currency. What it actually means is in case of these two forex currency pairs, if you want to purchase the currency pair, then you have to buy the Euro currency and sell US dollars at the same time.
Complete Comprehension
Hence, to have success when trading in forex currency pairs, you need to have a full and comprehensive understanding about currency pairs especially when going into a forex trade, you must know what currency you are selling or buying. For success in forex currency pairs, you should have a very complete knowledge about the major currencies such as the US Dollar, Euro, German deutshe mark and so on.
For a very long time, the US dollar has been the major currency throughout the world. It was used as a primary currency to assess other currencies that were being traded on forex and because of this all the currencies needed to be quoted in terms of the how it related to the US dollar.
Because all Forex trading deals in foreign currencies and the full extent of such trade is stupendous and ultimately amounts to well over a trillion dollars, to become a success at trading in them requires a full understanding of forex currencies pairs.
Simultaneous Transactions
As elaborated on, traders purchase and sell currencies by exchanging one type of currency to another and in the hopes of turning a profit from doing in the process. The market quotations as far as Forex is concerned, is specified as forex currency pairs which is denoted as the base currency which is then followed by the quote currency.
Amongst the most usual types of currency pairs are the GBP/USD (British pound vs. US dollar), EUR/USD (Euro vs. US dollar) USD/JPY (US dollar vs. Japanese Yen) and USD/CHF or US dollar vs. Swiss franc.
As far as forex currency pairs go, it is common to have the base currency listed first which is then followed by the quote currency or counter. Moreover, the base currency is a single energetic monetary unit, for instance 1 EUR, 1 USD or 1 GBP, and is implied and not shown necessarily.
Finally, forex currency pairs ordinarily represent the 'bid' and 'ask' price and the former of the two make reference to the price that the broker wishes to pay whereas latter means the price in which the broker wants to sell the currency.
About the author:
Listen to Korbin Newlyn as he shares his insights as an expert author and an avid writer in the field of finance and investment. If you would like to learn more go to Forex Signal Software advice and at Forex Charting Software tips.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
One of the primary elements when it comes to trading forex currencies is that it necessitates trading in pairs of currencies like EUR/USD in which Euro trades over the US dollars. This is a characteristic pattern of forex currency pairs.
In the instance of the Euro which is the initial currency it is recognized as the base currency whereas the second currency or the dollar is regarded as the counter or quote currency. What it actually means is in case of these two forex currency pairs, if you want to purchase the currency pair, then you have to buy the Euro currency and sell US dollars at the same time.
Complete Comprehension
Hence, to have success when trading in forex currency pairs, you need to have a full and comprehensive understanding about currency pairs especially when going into a forex trade, you must know what currency you are selling or buying. For success in forex currency pairs, you should have a very complete knowledge about the major currencies such as the US Dollar, Euro, German deutshe mark and so on.
For a very long time, the US dollar has been the major currency throughout the world. It was used as a primary currency to assess other currencies that were being traded on forex and because of this all the currencies needed to be quoted in terms of the how it related to the US dollar.
Because all Forex trading deals in foreign currencies and the full extent of such trade is stupendous and ultimately amounts to well over a trillion dollars, to become a success at trading in them requires a full understanding of forex currencies pairs.
Simultaneous Transactions
As elaborated on, traders purchase and sell currencies by exchanging one type of currency to another and in the hopes of turning a profit from doing in the process. The market quotations as far as Forex is concerned, is specified as forex currency pairs which is denoted as the base currency which is then followed by the quote currency.
Amongst the most usual types of currency pairs are the GBP/USD (British pound vs. US dollar), EUR/USD (Euro vs. US dollar) USD/JPY (US dollar vs. Japanese Yen) and USD/CHF or US dollar vs. Swiss franc.
As far as forex currency pairs go, it is common to have the base currency listed first which is then followed by the quote currency or counter. Moreover, the base currency is a single energetic monetary unit, for instance 1 EUR, 1 USD or 1 GBP, and is implied and not shown necessarily.
Finally, forex currency pairs ordinarily represent the 'bid' and 'ask' price and the former of the two make reference to the price that the broker wishes to pay whereas latter means the price in which the broker wants to sell the currency.
About the author:
Listen to Korbin Newlyn as he shares his insights as an expert author and an avid writer in the field of finance and investment. If you would like to learn more go to Forex Signal Software advice and at Forex Charting Software tips.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Forex Fundamental Analysis Is Far From Dead
By: Donald Saunders
For many years the basis of analysis in currency trading was fundamental analysis but in the last few years this has been increasingly replaced by technical analysis. So, is fundamental analysis for forex trading dead?
Fundamental analysis is essentially a case of examining the economic and political events that might affect currency prices and these events are reflected in things like a country's published economic policy, growth rates, inflation and rates of unemployment. Thus, by looking at the historic effects of economic and political events on the value of a country's currency it is possible to predict the effect that present events will have upon the currency today.
Just like any other market the foreign currency market is affected by both supply and demand which are themselves influenced by economic conditions. Above all, both supply and demand will be affected by the strength of the economy (as seen in its foreign investments, gross domestic product and balance of trade) as well as by interest rates.
For currency traders fundamental analysis means examining current economic conditions which can be seen through the various indicators such as consumer price indexes, producer price indexes, durable goods orders and retail sales which governments release on a regular basis.
One main indicator for foreign currency traders are interest rates because movements in interest rates can both strengthening and weakening a currency. For example, whilst high interest rates may trigger stock market investors to sell in the belief that high interest rates will mean higher borrowing costs for companies hitting their share price, those same high interest rates might also strengthen the currency making it an attractive currency to trade in.
Another main set of indicators for the foreign currency trader are international trade indicators. Whenever a country shows a deficit on its balance of trade it is normally seen as an unfavorable sign as money leaving the country to pay for imported goods could well devalue the currency. For the forex trader however fundamental market analysis may well show that market expectations mean that a trade deficit in some circumstances is not at all unfavorable. For example, many countries often operate with a trade deficit and so unless there is an exceptional increase in the deficit then the currency already reflects this fact.
In the United States there are currently some twenty-eight major economic indicators that currency traders use to make their trading decisions because these indicators have a strong influence on the financial markets. At the same time other countries around the globe with frequently traded currencies also publish similar sets of indicators that once again have a major influence on their own markets. Forex traders need therefore to familiarize themselves with these indicators and have at least a basic knowledge of exactly how they influence currencies.
Fundamental analysis is far from simple and requires currency traders to work with massive quantities of data which often require quite extensive analysis. These days however the arrival of powerful personal computers and fast Internet access mean that forex traders can now not only easily access the information that they need to perform fundamental analysis but also have access to some very powerful programs with which to analyze that data at the click of a mouse.
About the author:
LearningForexTradingOnline.com is the ideal place to learn forex trading and even includes its own in-house world currency calculator
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
For many years the basis of analysis in currency trading was fundamental analysis but in the last few years this has been increasingly replaced by technical analysis. So, is fundamental analysis for forex trading dead?
Fundamental analysis is essentially a case of examining the economic and political events that might affect currency prices and these events are reflected in things like a country's published economic policy, growth rates, inflation and rates of unemployment. Thus, by looking at the historic effects of economic and political events on the value of a country's currency it is possible to predict the effect that present events will have upon the currency today.
Just like any other market the foreign currency market is affected by both supply and demand which are themselves influenced by economic conditions. Above all, both supply and demand will be affected by the strength of the economy (as seen in its foreign investments, gross domestic product and balance of trade) as well as by interest rates.
For currency traders fundamental analysis means examining current economic conditions which can be seen through the various indicators such as consumer price indexes, producer price indexes, durable goods orders and retail sales which governments release on a regular basis.
One main indicator for foreign currency traders are interest rates because movements in interest rates can both strengthening and weakening a currency. For example, whilst high interest rates may trigger stock market investors to sell in the belief that high interest rates will mean higher borrowing costs for companies hitting their share price, those same high interest rates might also strengthen the currency making it an attractive currency to trade in.
Another main set of indicators for the foreign currency trader are international trade indicators. Whenever a country shows a deficit on its balance of trade it is normally seen as an unfavorable sign as money leaving the country to pay for imported goods could well devalue the currency. For the forex trader however fundamental market analysis may well show that market expectations mean that a trade deficit in some circumstances is not at all unfavorable. For example, many countries often operate with a trade deficit and so unless there is an exceptional increase in the deficit then the currency already reflects this fact.
In the United States there are currently some twenty-eight major economic indicators that currency traders use to make their trading decisions because these indicators have a strong influence on the financial markets. At the same time other countries around the globe with frequently traded currencies also publish similar sets of indicators that once again have a major influence on their own markets. Forex traders need therefore to familiarize themselves with these indicators and have at least a basic knowledge of exactly how they influence currencies.
Fundamental analysis is far from simple and requires currency traders to work with massive quantities of data which often require quite extensive analysis. These days however the arrival of powerful personal computers and fast Internet access mean that forex traders can now not only easily access the information that they need to perform fundamental analysis but also have access to some very powerful programs with which to analyze that data at the click of a mouse.
About the author:
LearningForexTradingOnline.com is the ideal place to learn forex trading and even includes its own in-house world currency calculator
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Fundamental or Technical analysis?
Forex Analysis - Which is king
By: Justen Robert Case
In forex trading the most simple methods of analysis are known as fundamental and technical analysis. Fundamental analysis is simply the big picture, the examination of a country or nations overall economic state.
Supporters of fundamental analysis, hypothesise that by analysing a variety of economic indicators they can get a view of the economies overall health and thus predict price trends.
The alternate method of analysis, is technical analysis. Rather than looking at the overall picture, the principals behind technical analysis suggests that prices trend or follow certain patterns. Thus by analysing price patterns from the past, it is believed that one can, to some degree, predict future prices.
So which one is actually better?
Neither.
Ideally you should try and combine the two types of analysis if you want to be a profitable forex trader. If you limit your scope to just one form you're going to get caught out.
If you only use one of the techniques, you only see half of the big picture. Here's why:
If you are solely using technical analysis for example, you don't consider any economic indicators, you have your charts, and they won't let you down, will they? Let's take this further:
You dig deep in to your charts, and you soon see a potentially profitable trade on the horizon. Your charts show 3, 4 or even 5 indicators which suggest a huge rise is about to occur in the US dollar. It's going to go crazy. You want to get in early so you dive in, get your trade going and relax, waiting for the price to sky-rocket.
You wait, and you wait. And then something happens. The price falls, not 30, not 40, but 50 pips! You're done for.
In a heated rage, you log straight on to the latest financial news reports, only to find that the latest figures on unemployment levels have just been released. And they are significantly higher than expected.
It gets worse.
A major bank just released that their forecast earnings fell way below projections, and are now predicting slow sales throughout the next quarter.
It's a big kick to your ego. Those two factors just seriously ruined your week. If you had taken the time to utilise just a little bit of fundamental analysis while pouring over those charts you could have changed your strategy and maybe have seen it coming.
So either method of analysis alone is certainly not the solution. Fundamental analysis is a good tool for identifying and locating general price movement trends, but it fails to provide sufficient detail to give you solid entry/exit points. It's all well and good you know the Pound is about to increase in price, but when do you buy, when do you sell?
You can only get reliable indicators of price movements by incorporated both methods of analysis into your trading strategy. As described here: http://www.squidoo.com/TheForexPowerStrategyCourse
Don't make the mistake of only choosing one method.
About the author:
Do you make these forex trading mistakes? Don't lose your shirt. Discover how to trade forex for big profits. Visit: http://realforexsecrets.comOr click here for more forex trading strategies.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
By: Justen Robert Case
In forex trading the most simple methods of analysis are known as fundamental and technical analysis. Fundamental analysis is simply the big picture, the examination of a country or nations overall economic state.
Supporters of fundamental analysis, hypothesise that by analysing a variety of economic indicators they can get a view of the economies overall health and thus predict price trends.
The alternate method of analysis, is technical analysis. Rather than looking at the overall picture, the principals behind technical analysis suggests that prices trend or follow certain patterns. Thus by analysing price patterns from the past, it is believed that one can, to some degree, predict future prices.
So which one is actually better?
Neither.
Ideally you should try and combine the two types of analysis if you want to be a profitable forex trader. If you limit your scope to just one form you're going to get caught out.
If you only use one of the techniques, you only see half of the big picture. Here's why:
If you are solely using technical analysis for example, you don't consider any economic indicators, you have your charts, and they won't let you down, will they? Let's take this further:
You dig deep in to your charts, and you soon see a potentially profitable trade on the horizon. Your charts show 3, 4 or even 5 indicators which suggest a huge rise is about to occur in the US dollar. It's going to go crazy. You want to get in early so you dive in, get your trade going and relax, waiting for the price to sky-rocket.
You wait, and you wait. And then something happens. The price falls, not 30, not 40, but 50 pips! You're done for.
In a heated rage, you log straight on to the latest financial news reports, only to find that the latest figures on unemployment levels have just been released. And they are significantly higher than expected.
It gets worse.
A major bank just released that their forecast earnings fell way below projections, and are now predicting slow sales throughout the next quarter.
It's a big kick to your ego. Those two factors just seriously ruined your week. If you had taken the time to utilise just a little bit of fundamental analysis while pouring over those charts you could have changed your strategy and maybe have seen it coming.
So either method of analysis alone is certainly not the solution. Fundamental analysis is a good tool for identifying and locating general price movement trends, but it fails to provide sufficient detail to give you solid entry/exit points. It's all well and good you know the Pound is about to increase in price, but when do you buy, when do you sell?
You can only get reliable indicators of price movements by incorporated both methods of analysis into your trading strategy. As described here: http://www.squidoo.com/TheForexPowerStrategyCourse
Don't make the mistake of only choosing one method.
About the author:
Do you make these forex trading mistakes? Don't lose your shirt. Discover how to trade forex for big profits. Visit: http://realforexsecrets.comOr click here for more forex trading strategies.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Should You Use a Pareto Chart
By: Rudy Freeman
What? you don't know what it is
Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage and effect outcomes in manufacturing environments. You're saying, How in the heck will this help my trading? Well it can, if you use it right.
Another name for using pareto charts is, managing by exception. It brings focus on the problem areas, you then try to change these areas to produce different results in the future. With this chart you will quickly see the weakest areas in your trading. On the other hand you also identify your strongest. This allows you to put maximum effort in areas where you need the most improvement.
To build a pareto chart for trading you should start with 3 columns and 12 rows. Place the words; System, Psychology, and Emotion across the top. (one in each column) Down the side you will track each trade. This chart will be used with your trading log. You should all keep a trading log, you can enter information from prior log entries also.
There are three things that directly affect your trading, they are now listed at the top of your pareto chart. After you have listed trades in the side rows. Put a check in the column that corresponds to the main reason you think that the trade was a success or a failure. Once you have completed your list, take a look at the failed trades. You will probably see a pattern of the same reason again and again.
With this simple chart you have quickly identified your main weakness. With this knowledge you can analyze the problem and form solutions to change that outcome. A valuable tool for this is called a root cause analysis.
About the author:
The best trading strategy is the simplest one that makes profit. For more details visit http://www.fxtradingmaster.com/
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
What? you don't know what it is
Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage and effect outcomes in manufacturing environments. You're saying, How in the heck will this help my trading? Well it can, if you use it right.
Another name for using pareto charts is, managing by exception. It brings focus on the problem areas, you then try to change these areas to produce different results in the future. With this chart you will quickly see the weakest areas in your trading. On the other hand you also identify your strongest. This allows you to put maximum effort in areas where you need the most improvement.
To build a pareto chart for trading you should start with 3 columns and 12 rows. Place the words; System, Psychology, and Emotion across the top. (one in each column) Down the side you will track each trade. This chart will be used with your trading log. You should all keep a trading log, you can enter information from prior log entries also.
There are three things that directly affect your trading, they are now listed at the top of your pareto chart. After you have listed trades in the side rows. Put a check in the column that corresponds to the main reason you think that the trade was a success or a failure. Once you have completed your list, take a look at the failed trades. You will probably see a pattern of the same reason again and again.
With this simple chart you have quickly identified your main weakness. With this knowledge you can analyze the problem and form solutions to change that outcome. A valuable tool for this is called a root cause analysis.
About the author:
The best trading strategy is the simplest one that makes profit. For more details visit http://www.fxtradingmaster.com/
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Fundamental Analysis in Foreign Currency Trading
By: Martin Miller
In fundamental analysis, forex traders look at the "fundamentals" to estimate the effect on the currency price. There are many fundamentals to analyze, including these market movers:
* Economic conditions * Political environment, particularly with regard to stability * Interest rates * Supply and demand for the currency * Government policies * Historic performance of the currency * International trade position --- deficit or surplus * Consumer price index (CPI) * Gross domestic product (GDP) * Cost of producing goods (PPI)
Each country's central bank oversees the economy, and the fundamentals that affect it. The factors are announced by the central banks regularly, sometimes monthly but often weekly, and the exact time of these announcements is known in advance. Another term for these factors is "indicators", which you will hear often in forex trading.
It's important to understand that there is always a certain expectation of these indicators before they are announced, and currency traders are positioned in the forex market accordingly. Indicators that conform to these expectations will cause little effect on the market.
On the other hand, if these expectations are not what actually occur, currency prices will definitely move. This is the basis of forex fundamental analysis, and many traders rely on it exclusively. I personally, however, recommend a combination of fundamental and technical analysis.
The European Union's ECB, the U.S. FED, the U.K. BOE and the Japanese BOJ have the most influence of all the central banks. As the saying goes, when they speak, people listen --- and also trade!
As in many business environments, the forex is affected most by U.S. indicators. Although the ECB indicators have less impact, they can make a difference when they are different from what the market expected. Pay particular attention to what senior banking and financial officials have to say about the two main economic drivers, interest rates and inflation.
Forex fundamental analysis is made all the more complicated because accurate measurement of the variables and their relationships is difficult. Historical experience is the basis of estimates of the fundamentals. On the opposite side, assumptions are often made on the basis of what's happening in world news, such as wars, inflation, major political changes, etc. But these assumptions often don't come true, and the markets may lag behind a bit in making adjustments.
The forex market is, like life itself, subject to the law of supply and demand. If currency prices remain at the same level despite a decrease in demand, eventually the price will increase. The opposite also holds true: if demand stays the same while prices have increased, eventually the price will decrease.
In a nutshell, then, this is how forex fundamental analysis works. Visit http://www.forexinfoplace.com to claim your free 7-part forex mini-course.
About the author:
Martin Miller teaches new forex traders the basics of foreign currency trading at http://www.forexinfoplace.com Visit today and claim your free 7-part forex mini-course.
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In fundamental analysis, forex traders look at the "fundamentals" to estimate the effect on the currency price. There are many fundamentals to analyze, including these market movers:
* Economic conditions * Political environment, particularly with regard to stability * Interest rates * Supply and demand for the currency * Government policies * Historic performance of the currency * International trade position --- deficit or surplus * Consumer price index (CPI) * Gross domestic product (GDP) * Cost of producing goods (PPI)
Each country's central bank oversees the economy, and the fundamentals that affect it. The factors are announced by the central banks regularly, sometimes monthly but often weekly, and the exact time of these announcements is known in advance. Another term for these factors is "indicators", which you will hear often in forex trading.
It's important to understand that there is always a certain expectation of these indicators before they are announced, and currency traders are positioned in the forex market accordingly. Indicators that conform to these expectations will cause little effect on the market.
On the other hand, if these expectations are not what actually occur, currency prices will definitely move. This is the basis of forex fundamental analysis, and many traders rely on it exclusively. I personally, however, recommend a combination of fundamental and technical analysis.
The European Union's ECB, the U.S. FED, the U.K. BOE and the Japanese BOJ have the most influence of all the central banks. As the saying goes, when they speak, people listen --- and also trade!
As in many business environments, the forex is affected most by U.S. indicators. Although the ECB indicators have less impact, they can make a difference when they are different from what the market expected. Pay particular attention to what senior banking and financial officials have to say about the two main economic drivers, interest rates and inflation.
Forex fundamental analysis is made all the more complicated because accurate measurement of the variables and their relationships is difficult. Historical experience is the basis of estimates of the fundamentals. On the opposite side, assumptions are often made on the basis of what's happening in world news, such as wars, inflation, major political changes, etc. But these assumptions often don't come true, and the markets may lag behind a bit in making adjustments.
The forex market is, like life itself, subject to the law of supply and demand. If currency prices remain at the same level despite a decrease in demand, eventually the price will increase. The opposite also holds true: if demand stays the same while prices have increased, eventually the price will decrease.
In a nutshell, then, this is how forex fundamental analysis works. Visit http://www.forexinfoplace.com to claim your free 7-part forex mini-course.
About the author:
Martin Miller teaches new forex traders the basics of foreign currency trading at http://www.forexinfoplace.com Visit today and claim your free 7-part forex mini-course.
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Fundamental vs. Technical Analysis
By: Mark Soberman
For many years the debate has raged between the fundamentalists and the technicians. The question is who has a winning edge in predicting market movements and trading opportunities.
Once you delve into the details of both types of analysis, you realize that they are complementary and completely different. Often it is said that fundamental analysis is for the long-term investor and technical analysis is the tool of the short-term trader, and this is a convenient if simplistic way to think about them.
Fundamental analysis for a stock is based on company performance and financials, and includes performing calculations in relation to earnings and company equity to see whether the stock will increase in value over time. The stock value should reflect the earnings capacity, profits, and dividends that will be achieved, and fundamental trading assumes that the stock value will gravitate towards its true level based on fundamental values and reasoning.
Considered in this light, fundamental analysis has little to say about how soon a stock may increase in value as that would depend on the rest of the market and other investors becoming aware of the same facts and calculations as the investor. The stock may go up next week, or it may take a year before other investors realize the value, having witnessed some increasing dividends or other indicators.
All this is of little concern to the short-term trader, who does not intend to wait for a year before he sees any profit. If you take a trading course, you will find that the emphasis is on technical analysis, which studies recent and actual price movements and other markets data. While paying some respect to the fundamentals, in that the trader does not want to buy something which may be realized by the market to be worthless next week, the trader must concern himself with market sentiment, which is best understood by analyzing the day to day, and sometimes hour-to-hour, fluctuations in the buying and selling of the financial security.
To profit from the market sentiment, the trader develops a trading strategy. This can involve price patterns over time as well as technical indicators, which are values calculated from historic data with the intention of identifying future price movements. No system has been developed that can predict with certainty where the prices will go, but the best trading courses allow you to bias the odds in your favor, to the extent that some traders can make an excellent living from playing the markets.
All markets are subject to the same basic principles, as they all, at the root, depend on human psychology. It is easy to understand the application of fundamental analysis to the shares of a company, but it may be more difficult to apply to another country for foreign exchange matters. Technical analysis, as it is based on price movement, is not limited to stocks, and trading Forex using technical analysis is the basic way to making a profit from the Forex market.
About the author:
Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a free report revealing the 7 trading secrets. http://www.netpicks.com/trading-tips
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
For many years the debate has raged between the fundamentalists and the technicians. The question is who has a winning edge in predicting market movements and trading opportunities.
Once you delve into the details of both types of analysis, you realize that they are complementary and completely different. Often it is said that fundamental analysis is for the long-term investor and technical analysis is the tool of the short-term trader, and this is a convenient if simplistic way to think about them.
Fundamental analysis for a stock is based on company performance and financials, and includes performing calculations in relation to earnings and company equity to see whether the stock will increase in value over time. The stock value should reflect the earnings capacity, profits, and dividends that will be achieved, and fundamental trading assumes that the stock value will gravitate towards its true level based on fundamental values and reasoning.
Considered in this light, fundamental analysis has little to say about how soon a stock may increase in value as that would depend on the rest of the market and other investors becoming aware of the same facts and calculations as the investor. The stock may go up next week, or it may take a year before other investors realize the value, having witnessed some increasing dividends or other indicators.
All this is of little concern to the short-term trader, who does not intend to wait for a year before he sees any profit. If you take a trading course, you will find that the emphasis is on technical analysis, which studies recent and actual price movements and other markets data. While paying some respect to the fundamentals, in that the trader does not want to buy something which may be realized by the market to be worthless next week, the trader must concern himself with market sentiment, which is best understood by analyzing the day to day, and sometimes hour-to-hour, fluctuations in the buying and selling of the financial security.
To profit from the market sentiment, the trader develops a trading strategy. This can involve price patterns over time as well as technical indicators, which are values calculated from historic data with the intention of identifying future price movements. No system has been developed that can predict with certainty where the prices will go, but the best trading courses allow you to bias the odds in your favor, to the extent that some traders can make an excellent living from playing the markets.
All markets are subject to the same basic principles, as they all, at the root, depend on human psychology. It is easy to understand the application of fundamental analysis to the shares of a company, but it may be more difficult to apply to another country for foreign exchange matters. Technical analysis, as it is based on price movement, is not limited to stocks, and trading Forex using technical analysis is the basic way to making a profit from the Forex market.
About the author:
Mark Soberman of NetPicks LLC has been trading for over 20 yrs and offers free educational resources, live forex and futures signal services, as well as a free report revealing the 7 trading secrets. http://www.netpicks.com/trading-tips
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Relative Valuation In The Foreign Exchange Market
By: Ricky Weber
The main difference between trading in the foreign exchange market and trading in all other financial markets is the difference between solitary valuation versus relative valuation. Solitary valuation is common sense for most people and is the way that most investors understand stock prices and other financial markets, but relative valuation is a little bit more tricky and it is what can make forex trading more complicated in some ways than stock or traditional commodity trading.
When you look at a stock market quote you will usually see the stock value quoted in a dollar amount, and this of course is the normal way that we value things in finance. However, valuing a currency is a different process, because you cannot value the US dollar in terms of dollars so it then becomes important to value one currency in terms of another currency. It is for this reason that all foreign exchange transactions take place with currency pairs, and this is called relative valuation where one currency's value is listed relative to another currency.
The Base Currency And The Quote Currency
In a currency pair such as the EUR/USD, the first currency listed in the pair is called the "base currency" and the second currency listed is called the "quote currency." It is important to remember that all exchange rate quotes are quoted in established currency pairs, and while to the untrained eye it may seem like the pairing of different currencies is done in a random order which then became the industry standard, there is actually a fairly sound logic behind the ordering of most of the major currency pairs.
For most of the major currency pairs that are traded we see that the US dollar is usually quoted as the base currency such as the USD/JPY and USD/CHF pairs. The reason this is so is because the USD has typically and historically had a higher value than these currencies, and so it makes sense to keep it valued at 1 so that any changes in value of the other currency become easily apparent. The only exceptions to this rule are the EUR, GBP, and AUD in which these currencies have a value that is as high as or higher than the USD so it makes sense to list these as the base currencies for the ease of calculation.
Once you understand the simple common sense behind these exchange rates, the calculations that need to be performed become much easier to understand. Most large newspapers and especially financial newspapers will have a currency table that is updated daily. If you read through this table looking for the value of a currency pair that you are trading but instead this value is reversed from its normal order (such as displaying the US dollar against the Euro with the dollar as the base currency with a value of 1), all you would need to do to get the normal currency pair valuation is to take that value and divide it by one to effectively switch the base currency and the quote currency.
Understanding this relationship between the quote currency and the base currency also becomes very important when it comes to reading and searching for signals from price charts, because you must know which currency is increasing or decreasing in value when the currency pair value moves up or down. If you were looking at the price chart for EUR/USD and you watched the price move from 1.3600 to 1.3700, this would indicate that the dollar has lost value relative to the Euro. Keep in mind the basic common sense of these financial relationships and the concept of relative valuation becomes simple to understand.
About the author:
Ricky Weber is the finance writer for http://TheCurrencyMarkets.c om and http://tcmforex.com/
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
The main difference between trading in the foreign exchange market and trading in all other financial markets is the difference between solitary valuation versus relative valuation. Solitary valuation is common sense for most people and is the way that most investors understand stock prices and other financial markets, but relative valuation is a little bit more tricky and it is what can make forex trading more complicated in some ways than stock or traditional commodity trading.
When you look at a stock market quote you will usually see the stock value quoted in a dollar amount, and this of course is the normal way that we value things in finance. However, valuing a currency is a different process, because you cannot value the US dollar in terms of dollars so it then becomes important to value one currency in terms of another currency. It is for this reason that all foreign exchange transactions take place with currency pairs, and this is called relative valuation where one currency's value is listed relative to another currency.
The Base Currency And The Quote Currency
In a currency pair such as the EUR/USD, the first currency listed in the pair is called the "base currency" and the second currency listed is called the "quote currency." It is important to remember that all exchange rate quotes are quoted in established currency pairs, and while to the untrained eye it may seem like the pairing of different currencies is done in a random order which then became the industry standard, there is actually a fairly sound logic behind the ordering of most of the major currency pairs.
For most of the major currency pairs that are traded we see that the US dollar is usually quoted as the base currency such as the USD/JPY and USD/CHF pairs. The reason this is so is because the USD has typically and historically had a higher value than these currencies, and so it makes sense to keep it valued at 1 so that any changes in value of the other currency become easily apparent. The only exceptions to this rule are the EUR, GBP, and AUD in which these currencies have a value that is as high as or higher than the USD so it makes sense to list these as the base currencies for the ease of calculation.
Once you understand the simple common sense behind these exchange rates, the calculations that need to be performed become much easier to understand. Most large newspapers and especially financial newspapers will have a currency table that is updated daily. If you read through this table looking for the value of a currency pair that you are trading but instead this value is reversed from its normal order (such as displaying the US dollar against the Euro with the dollar as the base currency with a value of 1), all you would need to do to get the normal currency pair valuation is to take that value and divide it by one to effectively switch the base currency and the quote currency.
Understanding this relationship between the quote currency and the base currency also becomes very important when it comes to reading and searching for signals from price charts, because you must know which currency is increasing or decreasing in value when the currency pair value moves up or down. If you were looking at the price chart for EUR/USD and you watched the price move from 1.3600 to 1.3700, this would indicate that the dollar has lost value relative to the Euro. Keep in mind the basic common sense of these financial relationships and the concept of relative valuation becomes simple to understand.
About the author:
Ricky Weber is the finance writer for http://TheCurrencyMarkets.c om and http://tcmforex.com/
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Two Performance Numbers You Need To Watch
By: Kevin J. Davey
When evaluating a futures or forex trading system or method, probably everyone first looks at annual return, since that's ultimately what it is all about. But only the most naive would base their decision SOLELY on annual percentage return.
Why? Annual returns, by themselves, include no information about the risk involved to get that return. For example, would you rather have A) 5% per year, from a bank CD, or B) 5% per year, from highly leveraged speculation in soybeans? In this case, the answer is obvious. The key point is that returns matter, but the path used to get those returns is also important.
One number that new traders ignore, or usually do not put enough emphasis on, is maximum drawdown. Drawdown is the difference between the peak equity and the current equity. So, for example, if you had a maximum account equity of $10,000, and now have only $6,000 in your account, you currently have a 40% drawdown. Maximum drawdown is the largest percentage drawdown the account has had historically.
Maximum drawdown gives you a very good indication of the "pain" you'd have to endure to achieve the annual returns the trading system provides. The problem with maximum drawdown is that it is historical. As we all know, past performance is no guarantee of future results. Thus, the future maximum drawdown might be much greater than the historical maximum drawdown.
One caveat: beware of those who report drawdown based on closed trades only. Many times, people let losing trades stay open, and do not count them in the statistics. Your account equity, however, doesn't know the difference between open and closed trades. An open loss impacts your equity the same as a closed loss. So, make sure any drawdown numbers you look at include currently open trades.
A second performance number that new traders rarely look at is the Calmar ratio. Although there are numerous variations and twists to it - refer to sites such as investopedia.com for details - in its simplest form, this number is the ratio of annual returns to maximum drawdown, over the past 36 months. If you had a 50% annual return, with 25% maximum drawdown, the Calmar ratio will be 2.0. Legendary trader Paul Tudor Jones says a long term ratio of 2-3 is very good. So, this single number tells you a lot, and is excellent for comparing different trading techniques.
Certainly only the newest of traders would look at only annual returns when evaluating an investment opportunity. There is much more to evaluation than just annual returns. By including maximum drawdown and Calmar ratio in your evaluation arsenal, you will be much better prepared to properly scrutinize opportunities that come along.
About the author:
Kevin Davey is an award winning private futures, forex and commodities trader. He has been trading for over 18 years. In each of the years 2005-2007, Kevin achieved over 100% returns in a real time, real money, year long trading contest, finishing in first or second place each of those years. Visit http://www.kjtradingsystems.com and learn how you can follow Kevin's trades as they happen.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
When evaluating a futures or forex trading system or method, probably everyone first looks at annual return, since that's ultimately what it is all about. But only the most naive would base their decision SOLELY on annual percentage return.
Why? Annual returns, by themselves, include no information about the risk involved to get that return. For example, would you rather have A) 5% per year, from a bank CD, or B) 5% per year, from highly leveraged speculation in soybeans? In this case, the answer is obvious. The key point is that returns matter, but the path used to get those returns is also important.
One number that new traders ignore, or usually do not put enough emphasis on, is maximum drawdown. Drawdown is the difference between the peak equity and the current equity. So, for example, if you had a maximum account equity of $10,000, and now have only $6,000 in your account, you currently have a 40% drawdown. Maximum drawdown is the largest percentage drawdown the account has had historically.
Maximum drawdown gives you a very good indication of the "pain" you'd have to endure to achieve the annual returns the trading system provides. The problem with maximum drawdown is that it is historical. As we all know, past performance is no guarantee of future results. Thus, the future maximum drawdown might be much greater than the historical maximum drawdown.
One caveat: beware of those who report drawdown based on closed trades only. Many times, people let losing trades stay open, and do not count them in the statistics. Your account equity, however, doesn't know the difference between open and closed trades. An open loss impacts your equity the same as a closed loss. So, make sure any drawdown numbers you look at include currently open trades.
A second performance number that new traders rarely look at is the Calmar ratio. Although there are numerous variations and twists to it - refer to sites such as investopedia.com for details - in its simplest form, this number is the ratio of annual returns to maximum drawdown, over the past 36 months. If you had a 50% annual return, with 25% maximum drawdown, the Calmar ratio will be 2.0. Legendary trader Paul Tudor Jones says a long term ratio of 2-3 is very good. So, this single number tells you a lot, and is excellent for comparing different trading techniques.
Certainly only the newest of traders would look at only annual returns when evaluating an investment opportunity. There is much more to evaluation than just annual returns. By including maximum drawdown and Calmar ratio in your evaluation arsenal, you will be much better prepared to properly scrutinize opportunities that come along.
About the author:
Kevin Davey is an award winning private futures, forex and commodities trader. He has been trading for over 18 years. In each of the years 2005-2007, Kevin achieved over 100% returns in a real time, real money, year long trading contest, finishing in first or second place each of those years. Visit http://www.kjtradingsystems.com and learn how you can follow Kevin's trades as they happen.
NEXT IN LINE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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Philippines Light Rail Transit Public Transportation
The Manila Light Rail Transit System (Filipino: Sistema ng Magaan na Riles Panlulan ng Maynila),[citation needed] popularly known as the LRT, is a metropolitan rail system serving the Metro Manila area in the Philippines. Its twenty-nine stations over 28.8 kilometers (17.9 mi) of mostly elevated track form two lines. LRT Line 1, also called the Yellow Line, opened in 1984 and travels a north–south route. LRT Line 2, the Purple Line, was completed in 2004 and runs east–west.
The LRT is operated by the Light Rail Transit Authority (LRTA), a government-owned and controlled corporation under the authority of the Department of Transportation and Communications (DOTC). Along with the Manila Metro Rail Transit System (MRT, also called the Blue Line), and the Philippine National Railways (PNR), the LRT is part of Metro Manila's rail transportation infrastructure known as the Strong Republic Transit System (SRTS)
Stations
Santolan
Recto
Baclaran
Monumento
Cubao
The People Power Revolution was a series of nonviolent and prayerful mass street demonstrations in the Philippines that occurred in 1986. It was the inspiration for subsequent non-violent demonstrations around the world including those that ended the communist dictatorships of Eastern Europe.
A glimpse of Philippine culture through traditional dances and songs performed by some of the country's best dance groups.
In 1990, it was voted by the BMW Tropical Beach Handbook as one of the best beaches in the world
Barasoain Church (also known as Our Lady of Mt. Carmel Parish) is a Roman Catholic church built in 1630 in Malolos City, Bulacan.
Laguna de Bay (Filipino: Lawa ng Bay; English: Laguna de Bay is the largest lake in the Philippines and the third largest freshwater lake in Southeast Asia
Malacañan Palace, is the official residence of the President of the Philippines.
