Forex Trading Bank

G. Edward Griffin - The Collectivist Conspiracy

2012-01-29T15:50:00.000-08:00

In this exclusive 80 minute video interview, legendary conspiracy author G. Edward Griffin explains how his research, which spans no less than 5 decades, has revealed a banking elite obsessed with enforcing a world government under a collectivist model that will crush individualism and eventually institute martial law as a response to the inevitable backlash that will be generated as a result of a fundamental re-shaping of society.

Griffin discusses the similarities between the extreme left and the extreme right in the false political paradigm and how this highlights a recurring theme - collectivism. Collectivism is the opposite of individualism and believes that the interests of the individual must be sacrificed for the greater good of the greater number, explains Griffin, uniting the doctrines of communism and fascism. Both the Republican and Democrat parties in the United States are committed to advancing collectivism and this is why the same policies are followed no matter who is voted in to the White House.

"Germany Will Exit The Euro"

2011-10-05T12:33:00.000-07:00

"I believe that Germany and the balance of the Eurocrats will attempt to default Greece within the euro zone first. The frictions associated with such an event will prove to be problematic and the usual benefits of a substantially weakening currency that would historically accrue to the country in default will not be available to Greece. Greece will therefore be forced to go back to the drachma at some point in the near future.

"In the end, it is most likely that after Greece and the next peripheral country begin to hard default, Germany will exit the [European Monetary Union] and recapitalize their own banks.

Here is where I found this.

Funny Video

2011-09-29T18:58:00.000-07:00

Goldman Sachs Turned A $1.3 Billion Investment Into $25 Million In Less Than A Year (A 98% LOSS)

2011-05-31T15:07:00.000-07:00

Col. Gadhafi's son, Saif al-Islam Gadhafi, on left, with Mustafa Zarti, a former executive at Libya's sovereign-wealth fund.

Source - WSJ

In early 2008, Libya's sovereign-wealth fund controlled by Col. Moammar Gadhafi gave $1.3 billion to Goldman Sachs Group to sink into a currency bet and other complicated trades. The investments lost 98% of their value, internal Goldman documents show.

What happened next may be one of the most peculiar footnotes to the global financial crisis. In an effort to make up for the losses, Goldman offered Libya the chance to become one of its biggest shareholders, according to documents and people familiar with the matter.

Libya was furious at Goldman over the nearly total loss of the $1.3 billion it invested in nine equity trades and one currency transaction, people involved in the matter say. A confrontation in Tripoli between a top fund executive and two Goldman officials left the bankers so rattled that they made a panicked phone call to their bosses, these people say. Goldman arranged for a security guard to protect them before they left Libya the next day, they say.

Click Here for the rest of the story.

Busy Busy Busy Managing Dealing Services for Rous Tech

2010-01-12T09:23:00.000-08:00

Sorry for not being around much to post but I have been very busy managing the dealing systems at Rous Tech LLC. If you are a broker or a bank you should really see what we have going here.

Mt4 Bridge to any institutional platform for liquidity.
Multi Account Manager MAM. The I have seen.
Dealing Desk Management Services. This is what I have been doing.

For more information go to www.roustech.com

34 BofA Employees Hospitalized After 'Perfume' Attack

2009-08-01T20:39:00.000-07:00

www.forextradingbank.com

Panic ensued at a Bank of America call center in Texas Thursday, as 144 staff were overcome with what was initially thought to be a carbon monoxide leak or a chemical weapons attacks. 34 people had to be taken to hosital. The symptoms included dizziness and being short of breath.

In the end, HAZMAT investigators believed that the chaos was caused by a female staffer spraying on a little too much perfume!

http://news.hereisthecity.com/news/business_news/9271.cntns

US To Trade Gold Reserves For Cash Through Cash4Gold.com | The Onion - America's Finest News Source

2009-07-12T11:02:00.000-07:00

US To Trade Gold Reserves For Cash Through Cash4Gold.com | The Onion - America's Finest News Source

Treasury officials say the gold has just been in the bottom of some vaults at the US Bullion Depository anyway, and the government needs the money NOW.

US To Trade Gold Reserves For Cash Through Cash4Gold.com

tongue and cheek

posted by www.schweizforex.com

‘Rogue broker’ blamed for oil spike......... posted here by www.SchweizForex.com

2009-07-03T09:23:00.000-07:00

Financial Times for the direct link. Here

By Javier Blas and Izabella Kaminska in London

Published: July 2 2009 12:07 | Last updated: July 2 2009 20:26

The startling spike in oil prices to their highest level this year on Tuesday was caused by a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company.

PVM Oil Associates, the world’s largest over-the-counter oil brokerage, said on Thursday it had been the “victim of unauthorised trading”. The privately owned company said that as a result of the unauthorised trades it had been forced to close substantial volumes of futures contracts at a loss.

London-based PVM said it had informed the Financial Services Authority, the UK regulator. But officials at the Commodity Futures Trading Commission, the US regulator, claimed they had been kept in the dark for several hours in spite of an agreement between the watchdogs last year to exchange such market-sensitive information spontaneously.

Oil traders in London and New York said the “unauthorised trading” explained the exceptional spike in business activity and prices in the early hours of Tuesday that some initially thought must have been caused by a geopolitical event. “Trading volumes rose overnight and prices jumped more than $2 a barrel without apparent justification,” a senior oil trader in New York said.

Prices rose in one hour from $71 to $73.5, the highest level for the year, according to Reuters data. In total, futures contracts for more than 16m barrels of oil changed hands in that hour – equivalent to double the daily production of Saudi Arabia, the world’s largest oil producer, and far more than the traditional 500,000 barrels for that time of the day.

Traders said the broker implicated had allegedly accounted for at least half of the unusual activity, with the rest the result of others chasing the rally. Oil prices on Thursday fell to $66.5 a barrel, down almost 10 per cent from Tuesday’s peak.

The Financial Times has identified the PVM broker as Steve Perkins. PVM declined to comment and Mr Perkins could not be reached. Fellow traders said Mr Perkins was considered an experienced broker, well-regarded in the market.

This is the second episode of rogue trading in the oil market this year. In May, an oil trader at Morgan Stanley was banned by the City watchdog after he hid from his bosses potential losses on trades made under the influence of alcohol.

The incidents come as regulators are considering tougher oversight of the commodities markets after policymakers complained that speculators fuelled last year’s surge in oil and agriculture prices.

The involvement of PVM is ironic considering the company’s head, David Hufton, has been an outspoken critic of speculators in the oil market, calling some of the exchanges “electronic oil casinos”. In 2006, he said that “if futures exchanges did not exist, oil prices would be a lot lower”.

The $10m loss is a heavy blow for PVM, which reported profits of just $5.6m in the year to July 2008, according to its accounts.

Additional reporting by Brooke Masters

Copyright The Financial Times Limited 2009

posted here by www.SchweizForex.com and

www.RousTech.com

THE ODDS ARE ALWAYS WITH YOU IF YOU TRY

2009-06-15T16:35:00.000-07:00

Please visit our Friends for Providing this article at http://www.SchweizForex.com

Please also visit http://www.RousTech.com

Monday June 15, 2009

THE ODDS ARE ALWAYS WITH YOU IF YOU TRY

——————————————————————————–
Success in anything is connected with action.
Successful people keep moving.
They make mistakes but they don’t quit.
They hang on long after others have let go.

You must have persistence.
Keep trying is the rule that you must follow
to become successful in anything.

Persistence means taking pains to overcome
every obstacle, to do all that is necessary
to reach your goal.

You must never, never, never give up.

Enjoy All Acapella Performance

2009-06-12T16:31:00.000-07:00

2009-06-07T15:03:00.001-07:00

http://ping.fm/pPCaM

What does one TRILLION dollars look like?

2009-06-01T23:00:00.000-07:00

All this talk about "stimulus packages" and "bailouts"... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like. We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go.

A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.

Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.

While a measly $1 million looked a little unimpressive, $100 million is a little more respectable.
It fits neatly on a standard pallet...

And $1 BILLION dollars... now we're really getting somewhere...

Next we'll look at ONE TRILLION dollars. This is that number we've been hearing so much about. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros. You ready for this? It's pretty surprising. Go ahead... Scroll down...

Ladies and gentlemen... I give you $1 trillion dollars... Notice those pallets are double stacked. ...and remember those are $100 bills. So the next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.

Schweiz Forex Consulting Banks, Brokers, Traders and Technology

2009-05-30T14:00:00.001-07:00

http://forex-trading-bank-consulting.ning.com/

This is my new Social Network

Please consider joining and seeing what we have here in forex trading.

Testing BlogJet

2009-05-29T23:10:00.001-07:00

I have installed an interesting application - BlogJet. It's a cool Windows client for my blog tool (as well as for other tools). Get your copy here: http://blogjet.com

"Computers are incredibly fast, accurate and stupid; humans are incredibly slow, inaccurate and brilliant; together they are powerful beyond imagination." -- Albert Einstein

Forex Begginers Course

2009-05-22T14:53:00.000-07:00

Forex a Beginners Course. Be looking for more of this on www.SchweizForex.com

The Currency Report - British Pound

2009-05-21T17:34:00.000-07:00

British Pound Gets Pounded,

Falls Against Yen, Euro, and Even the Dollar After S&P Lowers UK Outlook (Bloomberg News)

Why Traders Lose

2009-05-10T08:38:00.000-07:00

Wow! This is an excellent commentary about why traders lose.

Pivots and Fibos Trading is my Favorite Strategy

2009-05-03T17:30:00.000-07:00

Lately I have been paying special attention to system or strategies using fibo pivots or daily pivots. Here is Abel Gilbert in this video showing his version of trading like this. www.MyDayTradingTutor.com

A very sexy forex professional

2009-03-24T23:15:00.002-07:00

Here is a very sexy forex professional and no it is not me so don't worry about it.
Are you ready for this?

Comedian calls financial "reporter" on his bullshit

2009-03-15T09:01:00.000-07:00

The Daily Show With Jon StewartM - Th 11p / 10c

Jim Cramer Unedited Interview Pt. 1

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

If only home owners had listened to the experts.... duh.

2009-03-10T08:21:00.000-07:00

What can the US do to mess it up more.?

2009-02-16T11:42:00.000-08:00

Our Debt in the USA.

Best Times To Trade - Very Interesting. Hmmm...

2009-01-06T16:00:00.000-08:00

The Keys to Successful Forex Trading

2008-12-30T10:33:00.000-08:00

The forex market is a nonstop cash market where currencies of different countries are constantly traded, typically via brokers, which are known as forex brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets while traders increase or decrease the value of an investment upon currency movements. The forex market is the most volatile market in the world, often creating huge price swings. You should learn how to ride these trades for maximum profit before diving into it. It is definitely not a game for a newbie and you need to brush up on your skills before getting your hands wet.

The forex market is mostly a network of computers and large banking institutions that provide a marketplace for the forex market. It is the largest financial market in the world, with trading volume that is several times larger than all of the global equity markets combined. The high liquidity of the FX market greatly increases its price stability, and market participants can always trade on a tight spread. The forex market is difficult to understand for just an average individual. However, once the market is broken down into simple terms, the average individual can begin to understand the foreign exchange market and use it as a financial instrument for profitable investing and the mitigation of risk.

Currency trading can be performed by a trader online. By trading directly with your broker, a dealer and a primary market maker, there are no extra parties between you, the trader, and the buyer or seller of the currency pair. Currency trading is an education in and of itself and requires you to follow your trades very closely in order to understand what is happening and why it is happening. The exchange rates on currencies fluctuate on a daily basis, so it's important to keep abreast of them.

Currency trading software is a widely used trading mechanism that allows you to make more money in the currency trading market. Currency values are largely determined by government monetary and fiscal policies, and these do not change from one day to the next. This means the underlying fundamentals remain intact for long periods of time. Currencies are an unstable market where things can change at a moment's notice, so having your thumb on the pulse of the market is the key to success.

Forex trading is all about the exchange of international currencies. One currency is sold to purchase another. Many people believe it is the most lucrative home based business venture at the moment. It is a business where you can earn an income without selling anything, without pitching a sale to people and without running around after clients. Forex trading is attractive because it offers unparalleled freedoms. A forex trader can live anywhere as long as he or she is within reach of the internet.

Trading foreign currencies is not bound to any one trading floor, since it continuously takes place electronically between a network of banks over a 24 hour period. Forex trading is easy, but making money with it is not. You need a plan! Forex trading is confusing if you do not understand what the numbers are and why they are significant for you. You have to know what the market is saying and understand the importance of all the possible signals.

Merry Christmass and Continued Prosperity In The New Year

2008-12-24T15:03:00.000-08:00

I.O.U.S.A. The Movie

2008-12-21T19:23:00.000-08:00

By now, you may have heard about our acclaimed documentary I.O.U.S.A., a film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. The film has been a huge hit, getting rave reviews from Roger Ebert and others.

Ahhhh.. bailout explained clearly

2008-12-20T10:05:00.000-08:00

Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each. The villagers, knowing there were many monkeys, went to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.

He then announced that he would buy monkeys at $20 each. This renewed the villagers efforts and they started catching monkeys again.

Soon the supply diminished and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf.

The assistant told the villagers, "Look at all these monkeys in the big cage that my boss has already collected. I will sell them to you at $35 and when my boss returns, you can sell them to him for $50."

The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only lots and lots of monkeys!

Now you have a better understanding of how the
WALL STREET BAILOUT PLAN WORKS !!!

It doesn't get much clearer than this........

The Job That The Automakers May Have

2008-12-15T16:27:00.000-08:00

U.S.A. Auto maker executives may be looking for a new job if the bailout is not achieved. But I doubt that Toyota or Honda will hire them.

Hoofstradmus Says…

2008-12-12T15:20:00.000-08:00

These days, it seems like everyone's trying to predict the financial future. Join Hoofy and Boo as Hoofy throws his hat, er, turban into the ring.

Is your stock broker telling you the truth

2008-12-05T17:25:00.000-08:00

This why I like the forex market the best.
I can buy when i want and sell when I want.
I dont have to go down with the rest by holding it.

Milwaukee neighborhoods could print own money

2008-12-05T08:58:00.000-08:00

...

2 neighborhoods consider printing own currency for exclusive use in local stores
By Erika Slife

Tribune reporter

December 3, 2008

They may be talking funny money, but it's not funny business.

Residents from the Milwaukee neighborhoods of Riverwest and East Side are scheduled to meet Wednesday to discuss printing their own money. The idea is that the local cash could be used at neighborhood stores and businesses, thus encouraging local spending. The result, supporters hope, would be a bustling local economy, even as the rest of the nation deals with a recession.

"You have all these people who have local currency, and they're going to spend it at local stores," said Sura Faraj, a community organizer who is helping spearhead the plan. "They can't spend it at the Wal-Mart or the Home Depot, but they can spend it at their local hardware store or their local grocery store."

Incentives could be used to entice consumers into using the new money. For example, perhaps they could trade $100 U.S. for $110 local, essentially netting them a 10 percent discount at participating stores.

It's not a new concept—experts estimate there are at least 2,000 local currencies all over the world—but it is a practice that tends to burgeon during economic downturns. During the Great Depression, scores of communities relied on their own currencies.

And it's completely legal.

As long as communities don't create coins, or print bills that resemble federal dollars, organizations are free to produce their own greenbacks—and they'd don't even have to be green.

In Wisconsin, could that mean dough that looks like cheese?
eslife@tribune.com

Copyright © 2008, Chicago Tribune

Turkey and Thanks Giving Minyanville

2008-11-28T15:11:00.000-08:00

Forex Swing Trading with Elliott Wave

2008-11-23T21:00:00.000-08:00

When evaluating the forex market for swing trade opportunities the focus is placed on predicting directional changes or continuations for a given currency pair. For this we rely on technical analysis.

In technical analysis, just as in fundamental analysis, there are lagging indicators and leading indicators. One of the most reliable tools used to predict forex market swings is Elliott Wave analysis. Elliott Wave analysis can be used to identify trends and countertrends, trend continuation or exhaustion and to evaluate the potential price targets of a trend.

You can apply Elliott Wave analysis to both long and short position swing trade set ups for your currency pairs.

Elliott Wave theory is named after Ralph Nelson Elliott, who concluded that the markets moved in a repetitive pattern of waves. He attributed this action to the mass psychology of the market.

Elliott concluded that the market¡¯s movement was a direct result of the mass psychology of the time and that the stock market is a fractal. A fractal is an object that is similar in shape, but at different scales. A great example of a fractal in nature is a stalk of broccoli. The stalk and the individual branches look exactly the same; just the branches are smaller in scale.

Fractals just happen to form in accordance with Fibonacci ratios. Is this a coincidence?

Elliott attributes this mass psychological move to the human trait of herding. Even though Elliott¡¯s theories were based on stock market price movements, it has been applied to evaluating Presidential approval ratings and fashion trends changes as well.

The conclusion, the market price actions are not the cause of economic growth or slow down, but the reflection of the mass psychology of investors. If the mood of the investing public is upbeat then a bull market ensues. This is counter to what most individual perceive, that because there is a bull market the mood of the investing public is upbeat.

Elliott Wave patterns follow a sequence that the markets move up in a series of 3 waves and down in a series of 2 waves. This 3 wave impulse and 2 wave corrective sequence form the foundation of the 5 Wave impulse pattern (the opposite is true in a downtrend).

The Elliott Wave Counts are as follows;

Wave 1 - Short Covering
Wave 2 - Pullback from Short Covering
Wave 3 - Major Rally Phase
Wave 4 - Institution Pause in the Rally
Wave 5 - Retail Buying

Wave 1 is usually the weakest of the impulse waves. It is a brief rally based on short covering of the bears from a previous move down. When Wave 1 is complete, the currency pair sells off, creating Wave 2.

Wave 2 ends when the market fails to make new lows. You often see dominant reversals patterns form at the end of this wave signaling the being of the rally phase or Wave 3.

Wave 3 is the longest and strongest of the impulse waves. This signals strong currency buying or selling in the direction of the trend. This trend usually starts of slowly, but tends to accelerate as it breaks to new highs above the top of Wave 1.

Like any trend, especially a strong trend a correction will occur. Traders will begin to take profits and the currency pair will retrace. This signals the beginning of Wave 4.

Again the currency pair will rally ushering in the Wave 5 rally. Wave 5 is typically supported by the retail traders and not institutional buyers (the herd) and tends to lack the momentum generated in the Wave 3 rally. This creates divergence that can be easily measured on any technical oscillator. After the currency pair breaks to new highs above the previous Wave 3 high, the rally loses steam and changes trend.

This trend change can result in either a new 5 Wave impulse pattern or a corrective in nature.

Now that we know what the Elliott Wave analysis is, how would a currency trade using this analysis look like, just as an example?

Look to Wave 5 as the most reliably tradable impulse wave. The trade sets up as follows. Look for the Elliott Oscillator to pull back between 90% and 140% of the Wave 3 high on a daily chart. This pullback should correspond to a 38%-62% Fibonacci retracement from the Wave 2 extension. This signal is the strongest when the Fibonacci retracement is between 38% - 50%.

Like any technical analysis tool you never want to employ an indicator as a stand alone analysis tool. A trigger and a confirming indicator are required as well.

Look for a trigger in candle patterns, such as Harami, Tweezers or Harami cross. There are a variety of software packages on the market that perform Elliott Wave counts and have other entry signal indicators as well.

Draw a regression channel on the Wave 4 retracement and look for a break above or below the channel as confirmation to enter the trade.

Place stops at the high of the Wave 1 advance, just below the 38% Fibonacci retracement level or where your individual trading plan dictates. Trail your stops once the currency pair has advanced past the Wave 3 high. Look for reversal candle patterns like doji, hammers, shooting stars or hanging mans for signals that the wave is about to end or stall. A typical price target is 127% retracement of the Wave 4 low.

This is just a glimpse of how Elliott Wave analysis can be deployed to enhance your forex swing trade evaluations. Look more into the Elliott Wave theory and other strategies as tools for increasing your forex swing trade opportunities.

Final Word - Market Close 11.14

2008-11-14T23:55:00.000-08:00

Dow Falls Nearly 4%; S&P Down 4.2%; Nasdaq Down 5%; Technology and Financials Biggest Losers of the Day; Hartford Financial Hoping to Buy Bank and Receive Treasury Money; Energy Down 3.9%; Abercombie & Fitch Leading Retailing Group with Worst Intraday Returns, Falling 20.7%; Sherwin Williams Leading Retailing Group for Best Intraday Returns with Only a 0.6% Drop; Dean Foods Intraday Returns Rising 2.9%, Leads Best in Consumer Staples

VARENGOLD Bank

2008-10-26T17:13:00.000-07:00

Introducing of Varengold Bank , FOREX, CFD and FUTURE Trading, Not a Broker its a BANK in Germany.

MOTIVATION - SUCCESS IS RIGHT IN FRONT OF YOU

2008-10-24T21:40:00.000-07:00

Your success isn't a matter of luck,
it's simply a matter of the choices you make.

Success isn't something you can wait for,
it's something you'll achieve with effort over time.
But, things won't turn up in this world until you turn them up.

You can choose to be lazy or ambitious.
Stop and think about your choice again.
You always do your own choosing.

The great opportunity in your life is where you are right now.
Every situation, properly perceived, is an opportunity for you.

First, say to yourself what you would be, and then do
what you have to do to make things happen.

Being successful is a choice you make.

What is a Bear or Bull Market?

2008-10-24T15:32:00.000-07:00

ForexTV Breaking News

2008-10-24T08:32:00.000-07:00

Video 3a placing trades on MT4 Varengold Bank FX Trading Platform

2008-10-20T14:40:00.000-07:00

This is a Video on placing trades. Video 3a
Please contact me if you have any questions regarding trading through Varengold Bank FX or MT4. I speak English and Spanish. My name is Francisco Martinez. Send me an email of call the bank and ask for me.

How to install MT4 Varengold Bank Fox Platform Video 2

2008-10-19T21:08:00.000-07:00

Here is a brief video of how to install MT4 Varengold Bank Fox Forex Trading Platform.

Downloading Varengold Bank FX MT4

2008-10-16T15:53:00.001-07:00

Crisis on Wall Street

2008-10-03T11:01:00.000-07:00

1 hr and 9 minute video.

Princeton economists review recent events on Wall Street and assess the implications for the economy and public policy.

Panelists: Hyun Shin, Professor of Economics and associate chair of the Department of Economics; Markus Brunnermeier, Professor of Economics;
Harrison Hong, Professor in Finance;
Paul Krugman, professor of economics and international affairs; Alan Blinder, Professor of Economics and Public Affairs and co‐director of the Center for Economic Policy Studies.

Sep 23, 2008 at Princeton University

Trading - A Common Indicator Mistake

2008-10-02T10:14:00.000-07:00

Trading - A Common Indicator Mistake

I love it when I read forum entries from people suggesting trading strategies along the lines of:

- Enter long when the RSI(14) is above 50, the stochastic (14,5,3) has crossed positive, and the Williams %R(14) is rising from the oversold area

- Enter short when the RSI(14) is below 50, the stochastic (14,5,3) has crossed negative, and the Williams %R(14) is falling from the overbought area

(Disclaimer: I just made up that strategy, so don’t trade it without testing it first – the fact is though – I seriously doubt it works)

Look, there are many problems with calling something like this a strategy, but the one I want to discuss today is simply that each of these indicators belongs to the same class of indicator. The RSI, the stochastic and the Williams %R are all oscillators.

An oscillator is a momentum based indicator that moves above and below a horizontal axis representing a position of neutral momentum.

Now each of these three oscillators measures momentum slightly differently. RSI measures it through comparing the magnitude of higher closes to lower closes over a set period of price bars. The stochastic measures it showing where the current close fits relative to a high/low range over a set period of price bars. The Williams %R works on the same concept as the stochastic, showing the relationship between the current close and the high/low range set over a period of price bars, however it does so through a different formula.

Basically, all are measuring the same thing. Quite likely, you’ve added some extra complexity to your strategy that serves no useful purpose at all.

Is there ever a need for more than one oscillator? Possibly, yes. It depends on what you’re trying to achieve. You might use one for indicating oversold or overbought price areas, and a different one for indicating increasing or decreasing momentum. You might even use one indicator twice, with different parameters, to represent momentum over both a shorter and longer time period. In this case, it’s fine.

However, I suspect many traders when developing their trading approach don’t really think about it to this degree. I suspect most just slap an indicator on their chart for no other reason than their platform provides it, and then look through the price history to see whether it shows potential for profits.

In this case, they can probably benefit from removing any redundancy.

So, what indicator classes are there? With some exceptions, the majority will fit within one of these four classes:

1. Trend indicators, such as moving averages, directional movement or trendlines.

2. Volatility indicators, such as bollinger bands, average true range or standard deviation.

3. Oscillators such as RSI, stochastics and Williams %R.

4. Volume / Market Strength indicators, such as volume, on balance volume or money flow index.

Generally you shouldn’t need more than one indicator to determine trend, one to determine volatility, one to determine momentum, and one to measure volume. In many cases, through a study of price action, you can even eliminate those single indicators and determine trend, momentum and volatility through price alone. Of course, that’s not for all people.

What I encourage you to do is to look carefully at the indicators you’re using. Do you have more than one indicator from any of the indicator classes? If so, is there a valid reason for it, or is it simply redundancy that has slipped unnoticed into your trading strategy? More often than not, I’d suggest your strategy could benefit from removal of that extra redundancy. Trading is one business where ‘simple really is best’.

Happy trading,

Lance Beggs

About the Author

Would you like to learn more about how I trade the forex and equity index markets? Check out the articles, videos and trading resources on my website right now at www.YourTradingCoach.com

The euro fell the most against the dollar

2008-09-30T10:25:00.000-07:00

Click Here for the complete story.
(Bloomberg) -- The euro fell the most against the dollar since the introduction of the shared currency in 1999 after France and Belgium led a state-backed rescue of Dexia SA, as the widening financial crisis forces governments to prop up financial institutions across Europe.

Dollar Intervention Risk `Meaningful' on Volatility (Update1)

2008-09-28T21:11:00.000-07:00

Dollar Intervention Risk `Meaningful' on Volatility (Update1)

By Ye Xie

Sept. 29 (Bloomberg) -- A growing number of currency traders and strategists are starting to speculate that finance ministers from the world's biggest economies will join to support the dollar.

Volatility in currencies is the highest since 2000, when the so-called Group of Seven nations last intervened in the foreign- exchange market. The dollar weakened 2.5 percent on a trade- weighted basis in the past two weeks as the turmoil on Wall Street intensified. It had the biggest one-day drop against the euro since 2001 a week ago.

Melt Down By Market Media Insider. WOW!

2008-09-26T23:57:00.000-07:00

US financial crisis impact could worsen: Chinese PM

2008-09-25T00:04:00.000-07:00

UNITED NATIONS (AFP) — Cash-rich China has weighed in on the US financial crisis, with Premier Wen Jiabao warning that its international impact could become "more serious" and stressing the need for concerted efforts to contain the turmoil.

He indicated Wednesday that China, the world's biggest holder of foreign reserves and second biggest holder of US treasury bills, was ready to help in an international bid to defuse the turmoil that has rocked financial markets across the globe.

"The ongoing financial volatility, in particular, has affected many countries and its impact is likely to become more serious," Wen told the UN General Assembly.

"To tackle the challenge, we must all make concerted efforts," Wen told the UN meeting at the tail end of his address, which touched on various issues, including a pledge to push ahead with reforms to fuel growth in the world's most populous nations.

US President George W. Bush, who is also attending the UN General Assembly, had telephoned Chinese President Hu Jintao on Monday to brief him about the financial turmoil and his administration's bid to stage a 700 billion dollar Wall Street bailout to stem the crisis.

Hu told Bush that China welcomed Washington's efforts to stabilize the US financial markets and hoped they succeed, according to Beijing's state media.

But as Wen spoke Wednesday at the United Nations, the Bush administration remained locked in a dispute with the US Congress over the massive bailout package aimed at buying distressed mortgages and mortgage-related securities from financial institutions.

Financial markets, including in China, have been volatile since the US crisis peaked this month, triggered by the bankruptcy of Lehman Brothers and a Federal Reserve rescue of insurance and financial giant AIG last week.

Wen hinted that China would help in any international bid to defuse financial contagion arising from the US crisis, saying this was not the time for "hostility" or "prejudice."

"So long as people of all countries, especially their leaders, can do away with hostility, estrangement and prejudice, treat each other with sincerity and an open mind, and forge ahead hand in hand, mankind will overcome all difficulties and embrace a brighter and better future," he said.

"China, as a responsible major developing country, is ready to work with other members of the international community to strengthen cooperation, share opportunities, meet challenges and contribute to the harmonious and sustainable development of the world," he said.

China has emerged as the world's largest and fastest growing holder of foreign exchange reserves, which totaled 1.8 trillion dollars as of June 2008, according to its central bank.

It has invested a large share of its reserves in US securities, which include Treasury debt, US agency debt, US corporate debt and US equities.

A Congressional Research Service report in January said China may be holding nearly 700 billion dollars in US securities as of June 2006, making it the second largest foreign holder of American securities after Japan.

Wen said given the global nature of issues threatening the world, including environmental problems, terrorism, diseases, natural disasters and financial troubles, "no county can expect to stay away from the difficulties or handle the problems all by itself."

The premier also touched on global concerns about China's direction after hosting the Olympics last month, saying Beijing would remain committed to "peaceful development" and "unswervingly pursue reform and opening-up."

He said "only continued economic and political restructuring, and reform in other fields can lead to sustained economic growth and social progress, and only continued opening up in an all-round way can lead the country to greater national strength and prosperity."

Dollar Falls on Concern U.S. Bank Bailout Will Strain Finances

2008-09-21T23:07:00.000-07:00

By Stanley White
Enlarge Image/Details

Sept. 22 (Bloomberg) -- The dollar dropped against the yen for the first time in three days on concern a U.S. government plan to buy $700 billion of troubled assets from banks will widen the country's budget deficit.

The U.S. currency reached a three-week low against the euro before reports this week that will probably show tighter lending rules damped U.S. home sales and durable goods orders last month. The greenback was near a one-month low against the Swiss franc as two-year Treasury yields fell for the first time in three days on bets the Federal Reserve will cut interest rates.

``Problems with the U.S. deficit will haunt the dollar,'' said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow Ltd., Japan's largest currency broker. ``Spending such a large amount on this rescue package will remind traders that the fiscal health of the U.S. is set to worsen.''

The dollar fell to 106.59 yen as of 1:55 p.m. in Tokyo, from 107.45 in New York late on Sept. 19. The U.S. currency declined to $1.4563 per euro, the lowest since Sept. 2, and traded at $1.4489 from $1.4466. The dollar declined to 1.1016 Swiss francs from 1.1054. The euro bought 154.45 yen from 155.46 yen. The dollar may reach 106.30 yen today, Ishikawa said.

Treasury Secretary Henry Paulson's plan, sent to Congress Sept. 20, would mark an unprecedented government intrusion into markets and increase the nation's debt ceiling by 6.6 percent to $11.315 trillion. Officials may also provide $400 billion of guarantees for money-market funds.

The rescue plan will boost U.S. borrowing as much as $1 trillion, according to Barclays Capital interest-rate strategist Michael Pond in New York. The Congressional Budget Office projects the budget deficit will increase to $438 billion next year from $407 billion.

`Crushed'

``As we get to the other side of this, the dollar will get crushed,'' said John Taylor, chairman of New York-based International Foreign Exchange Concepts Inc., the world's biggest currency hedge-fund firm, which manages about $15 billion.

The bailout may end a dollar rally that began in June and drove the U.S. currency up 10 percent versus the euro, 2 percent against the yen and almost 13 percent compared with Brazil's real, strategists said.

Paulson and Federal Reserve Chairman Ben S. Bernanke began plotting the rescue last week after New York-based Lehman Brothers Holdings Inc. filed for bankruptcy, the government seized control of American International Group Inc. and Merrill Lynch & Co. was forced into the arms of Bank of America Corp.

Dollar Downdraft

``The downdraft on the dollar from the hit to the balance sheet of the U.S. government will dwarf the short-term gains from solving the banking crisis,'' said David Woo, London-based global head of foreign-exchange strategy at Barclays, the third- biggest currency trader.

The dollar also fell as two-year Treasury yields dropped 8 basis points to 2.11 percent on speculation the Fed will cut rates as soon as next month. Paulson and Bernanke are due to testify before the Senate tomorrow about the banking crisis.

The chances of the Fed cutting its benchmark 2 percent rate by a quarter-percentage point at an Oct. 29 policy meeting stood at 32 percent, up from zero a month ago, futures contracts on the Chicago Board of Trade show.

Housing, Durable Goods

Home resales declined to 4.94 million from 5 million in July, according to a Bloomberg News survey before the National Association of Realtors' report on Sept. 24. A day later, the Commerce Department is forecast to report sales of new houses dropped to 510,000 from 515,000 in July, according to a separate survey. Orders for durable goods fell 1.8 percent in August from a 1.3 percent rise in the previous month, another survey shows. The data are due Sept. 25.

The yen rose to 88.64 against the Australian dollar from 89.60 and gained 1.1 percent versus the New Zealand dollar to 73.21 as the U.S. bailout plan failed to ease concern about a global economic slump, prompting traders to pare holdings of higher-yielding assets funded with the Japanese currency.

Carry Trades

In carry trades, investors get funds in a country with low borrowing costs and invest in another with higher interest rates, earning the spread between the two. The risk is that currency market moves can erase those profits.

The Bank of Japan's benchmark rate of 0.5 percent compares with 4.25 percent in Europe, 7 percent in Australia and 7.5 percent in New Zealand.

``The yen may be bought back,'' said Takeshi Iba, vice president of foreign exchange in Tokyo at BBH Investment Services Inc., a unit of Brown Brothers Harriman. ``We still don't know how Congress will deal with this rescue package and how well this plan will work. Should the market get a sense that things may not improve in the long term, people won't want to take risks.''

The yen may rise to 106 per dollar today, he said.

Implied volatility for dollar-yen options expiring in one month rose to 16.82 percent from 16 percent late on Sept. 19 on speculation currency markets will face wider swings as banks remain reluctant to lend to each other, said Takeharu Miki, currency options manager at Bank of Tokyo-Mitsubishi UFJ Ltd.

Dealers traded $50 million to $100 million of so-called straddles that expire in two months with an implied volatility of 15 percent and a strike price near the dollar's current level, Miki said.

Holders of straddles, which are call and put options with the same strike and duration, benefit if the underlying currency moves in either direction. Calls grant the right to buy, while puts allow for sales. Dealers quote implied volatility as part of pricing options.

``Options market makers hesitate to sell volatility,'' said Miki of Bank of Tokyo-Mitsubishi UFJ, a unit of Japan's biggest lender by assets. ``There's just too much event risk. There may be more problems with money-market liquidity.''

To contact the reporter on this story: Stanley White in Tokyo at swhite28@bloomberg.net
Last Updated: September 22, 2008 01:25 EDT

Stocks surge on report of entity for bad debt

2008-09-18T21:53:00.000-07:00

AP
By Tim Paradis, AP Business Writer
Stocks end sharply higher on report that government will create entity to hold banks' debt

NEW YORK (AP) -- Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks' bad debt. The report also cooled investors' fervor for safe investments like government debt that were in demand for much of the day.
The report that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution Trust Corp. that was set up during the savings and loan crisis of the late 1980s and early 1990s left previously solemn investors ebullient. Wall Street hoped a huge federal intervention could help financial institutions jettison bad mortgage debt and stop the drain on capital that has already taken down companies including Bear Stearns Cos. and Lehman Brothers Holdings Inc.

Worries about financial landmines on companies' books have essentially crippled parts of the world's financial markets in recent days and led to the intense volatility in the markets this week.

"It's going to take a lot of the bad debt off the balance sheets of these companies," said Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York, commenting on the possibilities of an entity akin to the RTC. It could alleviate many of the pressures causing the credit crisis, he said, and reopen moribund credit markets. But Fullman noted, "the devil's in the details."

"Bear markets are very sensitive to news. And on a scale of 1 to 10, this one is a 13," he said of the report.

The report from CNBC gave direction to a market that had weaved in and out of positive territory for much of the session as investors shuttled between the safety of Treasury bills and gold and the bargains posed by stocks that have been pounded lower.

The Dow soared 410.03, or 3.86 percent, to 11,019.69, surging 560 points from its low of the day, 10,459.44. It was the Dow's biggest percentage point gain since October 2002 but still leaves the index down about 400 for the week after routs Monday and Wednesday.

Broader stock indicators also jumped. The Standard & Poor's 500 index rose 50.12, or 4.33 percent, to 1,206.51, and the Nasdaq composite index advanced 100.25, or 4.78 percent, to 2,199.10.

Late Thursday, Paulson confirmed the government is crafting a plan to rescue banks from bad debt that will need congressional approval. He and Federal Reserve Chairman Ben Bernanke briefed lawmakers on the options they are considering.

The news triggered a rally in stock futures. Dow futures shot up 205 points, or 1.9 percent, to 11,190 and S&P 500 futures rose 31 points, or 2.6 percent. to 1234.10.

The report of a broader government bailout proved more reassuring to investors than moves before Wall Street's opening bell Thursday by the Federal Reserve and other major central banks to inject as much as $180 billion into global money markets. The moves were an attempt to keep the credit crisis from worsening; the Fed added another $55 billion in overnight loans Thursday.

But it was only the prospect of a more comprehensive vehicle to sweep up bad debt that emboldened investors. Congress established the RTC in 1989 to buy $394 billion worth of real estate, mortgages and other assets of hundreds of failed savings-and-loan institutions. The corporation operated for several years disposing of the associations' assets, and then went out of business.

A repository for soured mortgage debt could help alleviate the grinding of the gears in the world's credit markets that have driven up the cost of borrowing for businesses; banks have become hesitant to make loans even to each other in recent days for fear of what institutions might be hobbled by soured debt. Investors are also contending with worries that more big-name financial companies could falter.

The Dow moved in and out of positive territory more than a dozen times, although there was little in the way of significant news to prompt the course changes. Investors who began the day feeling optimistic because of the money the Fed and other central banks added to the markets lost their resolve by late morning and gave back their gains.

But the CNBC report was the kind of catalyst for a comeback that has become rare on Wall Street in the past few months. When the market heard that there might be a fix for banks' bad debt problems, the Dow began rocketing higher. Some investors were pleased by the news while others raced to cover bets that stocks would fall, traders said.

Fear in the markets had led to speculation about the future of such major players as thrift bank Washington Mutual Inc. and investment bank Morgan Stanley. Media reports have been saying that Wells Fargo & Co. and Citigroup Inc. are interested in a possible takeover of Washington Mutual; and a person familiar with the negotiations said Morgan Stanley and Wachovia Corp. are in talks about a possible combination. He spoke on condition of anonymity because the talks are ongoing.

"We're seeing a tremendous amount of nervousness. That nervousness is leading to volatility," said Anthony Conroy, head trader for BNY ConvergEx Group. He said the markets hadn't seen as much fractiousness since the 1920s.

Advancing issues outnumbered decliners by about 3 to 1 on the New York Stock Exchange, where consolidated volume came to an enormous 10.3 billion shares compared with 9.23 billion traded Wednesday. While volumes have been heavy all week, traders on Thursday were positioning themselves ahead of Friday's expiration of options contracts that can exacerbate volatility.

Investors shying from the risks of stocks turned to government-backed debt. On Wednesday, the 3-month Treasury bill -- considered one of the safest short-duration assets -- saw demand surge so high that its yield briefly dipped into negative territory for the first time since 1940. Investors have been so focused on parking their money in safe assets that they have been willing to take very little return on such investments.

The prices for short-duration Treasurys fell from Wednesday's levels. The yield on the 3-month T-bill was extremely low at 0.07 percent -- up slightly from 0.02 percent late Wednesday but well below its yield of 1.60 percent just a week ago.

Longer-term bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, jumped to 3.53 percent from 3.42 percent late Wednesday.

Investors also continued a move into other safe havens, though demand eased somewhat as stocks soared. Gold rose again Thursday, up $46.50 to $897 an ounce on the New York Mercantile Exchange after posting its largest ever one-day price jump Wednesday. But it backtracked in after-market trading, responding to the CNBC report.

Oil shot up early in the day, moving back above $100 as investors sought it as another haven. But crude fell back with the market's realization that the financial turmoil will likely exacerbate the drop in demand that has taken oil down sharply from its July record of $147.27 a barrel.

Light, sweet crude on the Nymex rose 72 cents to settle at $97.88 a barrel.

Among financials, Morgan Stanley rose 80 cents, or 3.7 percent, to $22.55 as the investment bank sought a buyer or cash infusion to shore up its flagging share price. The stock has fallen sharply in the past week following Monday's bankruptcy filing at rival Lehman Brothers and a forced sale of Merrill Lynch & Co. to Bank of America Corp.

The Russell 2000 index of smaller companies rose 47.30, or 6.99 percent, to 723.68.

Overseas, Japan's Nikkei stock average dropped 2.22 percent to its lowest closing level in over three years. Hong Kong's Hang Seng index lost 0.03 percent. Britain's FTSE 100 fell 0.66 percent, Germany's DAX index rose 0.04 percent, and France's CAC-40 fell 1.06 percent.

New York Stock Exchange: http://www.nyse.com

Nasdaq Stock Market: http://www.nasdaq.com

Whitney: Worst is Yet to Come for Banking

2008-09-12T08:19:00.000-07:00

Meredith Whitney, the Oppenheimer & Co. analyst who called Wall Street's mortgage market meltdown last fall, now says the worst is yet to come for the global financial industry.
"What's ahead is much more severe than what we've seen so far," Whitney told Fortune magazine.
She submits that banks are facing dramatically larger credit losses than they have reported so far and thinks the economy is about to sink into an "early 1980s-style recession," that will "devastate 10 percent of the population," which became financially overextended during the housing boom.
"It feels like I am at the epicenter of the biggest financial crisis in history," she says.
"While my loss estimates are much more severe than those of my peers, my biggest concern is that they are way too low," she said.
Of the 14 financial stocks Whitney covers, she rates five (5) as under-perform and the rest "market perform."
Whitney correctly predicted last fall that Citigroup would be compelled to bolster its leaky balance sheet.
According to Fortune, she followed that call with forecasts of more losses and write-downs at the likes of Bank of America, Lehman Brothers, and UBS, as well as some insightful tangents on how the implosion of the bond insurers would threaten banks' bottom line.
On a Merrill Lunch conference call in mid-July, she asked CEO John Thain why the company wasn't unloading damaged assets and boosting assets. Thain demurred, but less than two weeks later, Merrill did just that. It agreed to sell more than $30 billion of collateralized debt obligations for 22 cents on the dollar.
Whitney said that, while her peers are searching for some sort of light at the end of the tunnel, the tunnel "is about to collapse."
Some pundits, however, disagree with this pessimistic take.
In his weekly e-mail briefing to business reporters, analyst William Gamble, president of Emerging Market Strategies, says the financial crisis should be put into a global context.
"It is certainly true that the U.S. stock market has lost 20 percent of its value. Still this is tiny compared to the losses on other exchanges," he says.
According to Gamble, the Chinese stock market has lost over 50 percent while the Russian stock market has lost over 35 percent. Both markets have collapsed in the past six (6) months. The Chinese real estate market is showing signs of strain. Sales of apartments in both Beijing and Shanghai are off over 50 percent.
Despite the present angst among pundits, commentators, and experts, the U.S. economy has shown surprising strength.
"It is not temporary and no coincidence. As the global economy slips into recession, there is one country that will be the first to recover," writes Gamble.

© 2008 Newsmax. All rights reserved.
MoneyNews - Whitney: Worst is Yet to Come for Banking

http://money.newsmax.com/streettalk/meredith_whitney/2008/09/11/129745.html?s=al&promo_code=69EE-1

Enjoy this Parody

2008-09-04T10:12:00.000-07:00

Forex Trading - What Is Fundamental Analysis?

2008-08-26T07:29:00.000-07:00

If you want to be a smart trader, you have to be able to analyze the market correctly and predict what the price movement is going to be. This is true no matter what you are trading, whether it be stocks, commodities, bonds, currency or any other form of security.
This type of analysis can be done in two different ways, with fundamental analysis or technical analysis.
With technical analysis, you study the prices. Your goal is to analyze the history of the price movements in order to try to predict future prices.
Fundamental analysis, the other hand, is the study of one nation’s overall economic health. You might also think of this as “big picture” analysis. This focus is on the idea that the health of a nation’s economy will affect both the supply and demand for its currency. In turn, this will affect the price of the currency itself.
As example, if the US economy’s health is good and its economy is on the rise, one would expect that the value of US dollar will also rise and currency traders will want to invest heavily in it. This type of “bullish” behavior becomes a self-filling prophecy so that the US dollar does, indeed, rise in value.
Although it seems like a pretty simple concept, in fact, judging the “health” of a nation is not easy. There are many factors to be considered. Therefore, two traders may look at the same figures and interpret the data in different ways.
Fundamental analysts look at various economic indicators to see how strong the economy is. Some of these indicators they analyze include the interest rate, unemployment rate, gross domestic product (GDP), and consumer price index.
Government and non-governmental agencies and bodies regularly release these types of reports; find schedules of upcoming releases for those you focus on and make note of them. Then, keep an eye on them and see what their effects are on currency prices for the country or countries you follow.
You should note, though, that the numbers contained in the report are not what have the greatest impact always. Rather, it’s the relation of the numbers in that report as compared to what had been forecasted previously.
In other words, a hike in interest rates may not have a significant impact if forecasters indeed thought this was going to happen. However, if they were expecting interest rates to remain steady and there actually was an increase, this may in fact have a large impact on currency prices.
There is a disadvantage to fundamental analysis, which is that it can be a little too broad-based. Although it’s a wonderful tool to predict overall economic growth and price changes, it doesn’t give enough details for investors to target specific exit or entry points. This is why technical analysis is as valuable as “big picture” analysis is. Technical analysis does give you that “fine point” analysis.

Forex Trading - What Is Fundamental Analysis?

2008-08-25T21:32:00.000-07:00

This type of analysis can be done in two different ways, with fundamental analysis or technical analysis.

With technical analysis, you study the prices. Your goal is to analyze the history of the price movements in order to try to predict future prices.

Fundamental analysis, the other hand, is the study of one nation’s overall economic health. You might also think of this as “big picture” analysis. This focus is on the idea that the health of a nation’s economy will affect both the supply and demand for its currency. In turn, this will affect the price of the currency itself.

As example, if the US economy’s health is good and its economy is on the rise, one would expect that the value of US dollar will also rise and currency traders will want to invest heavily in it. This type of “bullish” behavior becomes a self-filling prophecy so that the US dollar does, indeed, rise in value.

Although it seems like a pretty simple concept, in fact, judging the “health” of a nation is not easy. There are many factors to be considered. Therefore, two traders may look at the same figures and interpret the data in different ways.

Fundamental analysts look at various economic indicators to see how strong the economy is. Some of these indicators they analyze include the interest rate, unemployment rate, gross domestic product (GDP), and consumer price index.

Government and non-governmental agencies and bodies regularly release these types of reports; find schedules of upcoming releases for those you focus on and make note of them. Then, keep an eye on them and see what their effects are on currency prices for the country or countries you follow.

You should note, though, that the numbers contained in the report are not what have the greatest impact always. Rather, it’s the relation of the numbers in that report as compared to what had been forecasted previously.

In other words, a hike in interest rates may not have a significant impact if forecasters indeed thought this was going to happen. However, if they were expecting interest rates to remain steady and there actually was an increase, this may in fact have a large impact on currency prices.

There is a disadvantage to fundamental analysis, which is that it can be a little too broad-based. Although it’s a wonderful tool to predict overall economic growth and price changes, it doesn’t give enough details for investors to target specific exit or entry points. This is why technical analysis is as valuable as “big picture” analysis is. Technical analysis does give you that “fine point” analysis.

Forex Trading - What Is Fundamental Analysis?

2008-08-25T21:26:00.000-07:00

This type of analysis can be done in two different ways, with fundamental analysis or technical analysis.

With technical analysis, you study the prices. Your goal is to analyze the history of the price movements in order to try to predict future prices.

Fun Sunday off of Trading Game Today ONLY

2008-08-24T15:38:00.000-07:00

I dont trade on Sundays so I thought that you might like a bit of fun today.

Flash Man

The History of The Federal Reserve.

2008-08-23T07:20:00.000-07:00

The History of The Federal Reserve.

Watch the Video and get an education of money.

Online Videos by Veoh.com

Daily FX Report

2008-08-15T01:48:00.000-07:00

Good morning from wonderful Hamburg and welcome to the Varengold Daily FX Report. The

RBNZ fears an economic recession and plans to reduce interest rates, as the retail sales

reached a record low. However, we wish you an effective last trading day in this week and a nice

weekend.

Market review

The retail sales in New Zealand fall to a record pace in Q2. It’s led by lower car and grocery

store sales. The Reserve Bank of New Zealand plans to cut interest rates further, before the

economic recession is coming up. Sales volumes drop 1.5 % in June quarter. That’s the biggest

drop since the data series began in 1995. The NZD/USD raised 0.3 % on the day to 0.7002, up

from a session low of 0.6955. The AUD/JPY decreased 0.8 % at 94.75, while the AUD/NZD fell

about 0.7 % to 1.2360.

The AUD/USD fell also 0.7 % to a low of 0.8635 and traded close to its 7-mth low of 0.8590 as

gold was going down about 2 % below the 800 $ to 790.35 $. With the down moves in Gold the

EUR was down to a 6-mth low at 1.4750 against the USD this morning, extending losses from

the days before. The USD has rallied more than 5 percent against the EUR this month

supported by a sell off in oil and weak data in Europe and Asia. Also the US Dollar Index noted

stronger. The Index which measures a basket of six currencies against the USD hit a six month

high at 76.925 on Friday morning.

GBP/JPY

From the middle of May to the end of July,

the GBPJPY traded in a bullish trend

channel with a resistance level at 213.83.

After touching the resistance the third time,

the market recovered to its old support level

at 203.18 established at the end of May. If

the market doesn’t break trough this new

support, it could rebound to its resistance at

213.83.

The VarengoldbankFX trading desk team has attached this morning’s Daily FX Report for your viewing pleasure. This Daily FX Report highlights a review of the markets, technical analysis, key pivot points and the daily economic calendar.

If you have any questions please do not hesitate to contact our support desks to assist you further.

Support Desks:

German +49. 40. 66 86 49 – 0

English +49. 40. 66 86 49 – 0

French +49. 40. 66 86 49 – 0

Russian +49. 40. 66 86 49 – 0

Arabic +49. 40. 66 86 49 - 895

Chinese +49. 40. 66 86 49 - 896 or

+86. 75. 58 20 83 - 880

Forex Day Trading -Discover All the Benefits Now!

2008-08-15T01:45:00.001-07:00

With the forex day trading continuously reaping its rewards and is now known to be the largest market in the world, it is undoubtedly one of the most competitive and in demand market at this day and age. The forex market is recognized in acquiring daily turnovers of more than trillions of dollars on a regular basis. With this given statement, a lot of traders are becoming more and more enticed and challenged by the way the market moves to an approving condition.

As the day of old forms of communication come to a pass and the advent of modernization comes into view, there sure is other manifestation where transformations and revolutionary changes will transpire as the forex day trading move towards its victory. However, there will still be losses, threats and risks yet; a true trader who has the heart and determination to gain more takings will certainly weather all these detriments.

One of the benefits of the forex day trading is its ability to create the essence of expediency and flexibility. Unlike any other venture, the forex market is not physically situated at a specific location. There are still other wrong connotations that in order for you to make your trade you have to go to where forex trade is located. Well, this is definitely not true. With the emergence of globalize communications, forex trading can be right at the comforts of your own home. Since the forex market is run by a world-class telecommunication device you will surely trade with no hassles at all. Traders can also get to participate in trading with other parts of the world where forex market is visible. You can choose trading in for Yen, Euro, US dollar, Peso, and Pound. The possibilities are endless and all you need is just some form of strategy and you're on.

Another benefit of the forex day trading is the possibilities of acquiring greater returns even if it means taking greater risk. Yet, this is how forex market is known for, it is recognized as a changing market with greater risks involve. Nonetheless, this has also been one of the major reasons why traders keep on doing their business and are proliferating in number. Participation is definitely an advantage and a benefit on your part.

The last gain that can be associated with forex day trading is the easy to penetrate market. Some people have false impressions about forex trading explicating a complicated membership and yet, there are influxes of companies providing aspiring traders to create their own account with their bank statement linked to it and in just few moments they can begin their online trade. This only proves how straightforward and simple joining in a forex trading.

Forex day trading is definitely a hit market however, before embarking on this trade you have to ensure that you have little background of the trade. A complete ignorance of the forex market will do you no good therefore, extend every means to gain knowledge and take advantage of the benefits and acquire more profits and proceeds on your bank account.

Daily FX Report

2008-08-14T00:27:00.000-07:00

Good morning from wonderful Hamburg and welcome to the Varengold Daily FX Report. The former Fed chairman Greenspan expressed expectations that US house prices will begin to stabilize in the first half of next year. He expects a higher demand because of more skilled immigrants.

Market review

The Central Bank of Australia fears inflation and plans to cut interest rates, sending the currency close to 7-month low. The AUD/USD fell to a low of 0.8670 from 0.8700. Top officials from RBA are confident, that inflation will find its way back to its 2-3% target range. According to some dealers in Tokyo, the panic selling of the AUD and the NZD the previous day has calmed down, and there is a better mix of buyers and sellers. Analysts have warned risks of a disorderly decrease in the AUD and the NZD if margin traders are forced to sell into a slide to limit losses. The NZD/JPY increased to 76.45 from a day’s low at 75.95.

The BoE said in its quarterly report that they expect inflation will reach 5% before falling back dramatically to below its 2% target within two years. After this statement, the market awaits a massive adjustment in UK interest rates. The GBP/USD decreased 1.5% on the day to 1.8689, posting its worst one-day loss in eight month and marking an 11-year low.

The USD rose on Wednesday against a basket of currencies because the greenback benefited from expectations that the economic growth in Europe and Asia may slow more sharply than in the United States. The dollar index rose 0.2% to 76.278 and the USD was up 0.3% against the JPY at 109.51, while the EUR/USD traded little changed at 1.4918.

GBP/AUD

From May to July the GBP/AUD traded in a horizontal trend channel with a resistance at 2.0913 and a support level at 2.0373. After breaking through the resistance, the market touched its old resistance level at 2.1885 from the beginning of April. If the market doesn’t break trough this new resistance, we might expect a comeback to the horizontal trend channel.

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Financial Investing - How to Grow Your Money

2008-08-13T03:18:00.000-07:00

Stocks plummeting in a moment's notice - sometimes, without any warning whatsoever, economics of worldwide scale find itself in a slump. Real estate is at an all-time low, while interest rates in stock markets are at an all-time high. These are signs of the times - the hard times. When the going gets tough, smarten up and take the tried-and-tested road: go with financial investing and grow your money with trading currencies.

One of the advantages of investing in Forex trading is that you can trade online, thanks to the genius that is the Internet. At the comforts of your own home, while drinking your favorite cup of coffee in your personal space, the power of making money is just within your fingertips. And the best part is, you can do this while watching your kids play in the living room. If you want to take luxury in financial investing one step further, you can even make money while you're sleeping.

This kind of convenience in financial investing is made possible by the development of the automated trading bot, impressive software designed to trade on your behalf. Yes, it does the trading for you so you can attend to other things, things that need your attention right away. This means that even when you're at a meeting, at work, picking up your kids, or on a date with your spouse, you won't have to miss any opportunity to make a good trade. Just don't make it a habit to entrust your business so much to anybody else, much more on software. Remember that you are ultimately responsible for the rise and fall of your business. The automated trading bot is just a tool which can come in handy when necessity dictates, but not as a complete substitute for you and your trading skills and intuition.

Of course, you will not be successful in any endeavor, including financial investing and growing your money with trading currencies, if you don't seek knowledge about the subject and get to know it like the back of your hand. Always be on the lookout for useful information on how to operate in the business of Forex trading. This can be accomplished by attending seminars given by notable authorities on the field. Find your own icon or role model who has been and/or still is successful in trading currencies. Study his or her life, including his habits and philosophies. These will tell you a lot about his approach in Forex trading, and you can follow in his footsteps.

There are many advertisements claiming that trading currencies is easy; this is baloney. To be successful in anything, you must be determined and strong, willing to change tactics if necessary, and must be eager to learn in order to improve. You must be prepared to pay the price that success in financial investing demands. In Forex trading, it means exercising caution in investing in the right currency and understanding the risks you're making. With practice, you're sure to grow your money with trading currencies.

Trading Pivot Points in the Forex Market

2008-08-09T04:40:00.000-07:00

Pivot points are typically used to predict the direction that the Forex market is taking over the course of the day.

By using a simple mathematical formula to find the point where the overall trend in price changes, traders can take advantage of the movement of price, either up or down. They can use it as a gauge to determine the direction they should take whether selling a currency that is declining, or buying a currency that is on the rise.

Originally, trading pivot points was limited to floor traders. Its simplicity and straightforwardness made it an attractive tool for floor traders as it allowed them to determine the direction in which the market was heading throughout the day. The formula is simple, with no advanced mathematical skills necessary.

The most common method for calculating pivot points is a simple five point system. This system is comprised of a mathematical formula that utilizes the high, low and close of the previous day, along with two resistance levels and two support levels. The formula is relatively simple:

R2 = P + (H - L) = P + (R1 - S1)
R1 = (P x 2) - L
P = (H + L + C)/3
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1)

In this equation, let:

R = resistance levels
S = support levels
P = pivot point
H = high
L = low
C = close
O = open

It should be noted that when calculating the high, low and close, the New York closing time, which is 4 pm (EST) is generally used in Forex and other 24 hour markets.

Keep in mind the order of operations when solving these equations: solve parentheses first, exponents second, multiplication third, division fourth, addition fifth and subtraction sixth.

A variation that is quite common among Forex traders is to include an additional formula to the five point system.

P = ((Today’s O) + (H + L + C))/4

There are many websites that feature pivot point calculators. This is good news to Forex traders who are opposed to doing their own calculations. These calculators simply require some information inputted then perform all the calculations to find the pivot point.

Pivot points can actually serve two purposes. They can indicate an overall market trend. A bullish market will break the pivot point price in an upward movement. A bearish market does just the opposite.

But, they are only effective for the one day, making them short term trend indicators. For the following day they must be recalculated. Pivot points are also useful for entering and exiting the market.

Trading pivot points can be a very useful exercise for Forex traders. These few, simple calculations can be done quickly and can show levels that have a great probability for causing price movement.

However, the success of pivot points relies on the trader’s ability to use them effectively with other technical indicators such as MACD. When used in conjunction with such indicators, there is an increased probability for success.

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2008-08-06T07:05:00.000-07:00

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Forex Trading Education - The London Open Checklist

2008-08-04T08:54:00.000-07:00

A thorough Forex trading education must include an understanding of the effect market timings can have on trading and liquidity.

One of the most active periods of the day is from the time the London market opens. Often around that time good trading opportunities will appear.

As part of your Forex trading education, learn to analyze market conditions around London open and begin to recognize good setups.

The following questionnaire and checklist will help.

London Open Preparation

About 15 to 30 minutes before London open check the answers to these questions:

- Are the MACD indicators on the 4 hour and 1 hour charts in agreement? If they are not going in the same direction be very careful!

- Is there MACD divergence on the 4 hour, 1 hour, or 15 minute chart? Look for other clues to confirm that price may go in the direction of MACD divergence.

- On the 4 hour chart what is the overall trend?

- Do a Fibonacci calculation on the last swing high and low and see if price is pulling back to an optimum retracement level or whether it is reaching a key extension level.

- Note price in relation to the 200 EMA (Exponential Moving Average) on the 4 hour, 1 hour and 15 minute charts. Is price bucking the trend? In other words, is price above the 200 EMA on the 4 hour and 1 hour chart but below it on the 15 minute? Then be prepared for price to go long at some stage. (Draw the opposite conclusion if price is below the 200 EMA on the 4 hour and 1 hour chart but above it on the 15 minute chart.)

- Are any Economic Reports imminent?

- As the candle closes on the 15 minute chart at London open, do you see any distinctive candle patterns such as tweezers, or doji's or hammers indicating price exhaustion?

- If I entered a trade right now in a particular direction, what would be the risk and where would I place my stop?

Within a few minutes of London open, if you see a number of factors converging from the analysis above, make a decision one way or the other:

- trade

- wait for clearer signals or a better entry point

Carrying out an analysis in this way each day at London open will do much to increase your Forex trading education.

It will make you aware of what is happening on the charts and in the marketplace and help you to arrive at conclusions.

There is no magic formula involved with Forex trading education. Put simply, successful Forex trading is the result of years of hard work, study, practice, and experience often gained through painful trading scenarios.

Eventually the newer trader learns mental discipline, and how to control the emotions - probably the biggest part of a Forex trading education.

Practice a procedure like the one above day after day and begin to see some progress as you get nearer the time you make profits consistently from currency trading.

Forex Trading - The Untold Secrets Of Forex Trading

2008-07-30T04:30:00.000-07:00

Forex trading is a system developed to allow people to trade currencies in the various markets. For example if you bet $100 on the Yen to go up and it does, you make money. It has become incredibly popular over the last few years not because of its tranquility but because of its volatile nature. Seems sort of strange, but there is a good reason for it.

A volatile market can only mean one thing - a series of large spikes both up and down. This means the gains are much higher than in any other form of online trading and it’s not strange to see traders making up to 100 times the amount they initially invested.

The forex trading market unlike options and stocks is greatly affected by a number of variables, one of them being the news. During news time when an issue arises, a stir is created in the market. This is a time when some of the largest spikes may occur and a great percentage of people make both huge profits and huge losses.

Sticking To A Strategy

Some of the most successful online traders would agree with this technique - finding a strategy and sticking to it. There is nothing magical about forex trading, the prices go up and the prices go down. Whether or not you make money, completely depends on the predictions you make.

There is no room for gut instinct in forex trading. Emotions tend to get in the way of your desired outcome and is one of the biggest reasons why 90% of traders fail within the first 12 months. There are of course many scientific ways of helping to improve your odds when trading in forex.

The Simple Moving Average

One of these strategies is to use a simple-moving average. This is where we extract a set of averages from previous existing spikes. Once you have determined this average you can then make an assumption that whenever the price crosses this average in the future, it’s a surefire signal to buy. There are of course programs out there that can do this for you as it can be a fairly time-consuming job.

Some Tips For Beginners

Before you even think about forex trading, spend at least a week reading from people who know what they are doing. Then once that week is over, go back and analyze the information you just read to determine whether or not it was dependable. Then go and read for another week!

If there is anything to say to a beginner to the forex market or any other form of trading, it’s this - don’t trust anyone but yourself! Sure ask for advice, but make sure the final decision on your trade investments is solely yours. Measure up the investment to also determine whether or not you can afford to lose what you are about to place in and don’t ever go overboard!

Your goal if you don’t have one, should be to find a strategy that works and stick too it. Don’t go changing strategies just because you got a hot tip from some guy who fluked a trade and made a mint. Find a good strategy that works well and stick to it.

The Fox And The Hedgehog

We can say people are categorized as being one of two things - they are either a fox, or a hedgehog. A fox is a person that knows a little about a lot of things and therefore tends to jump from one strategy to another. In other words, they are very cunning and use a great deal of strategies to try and get the hedgehog. The hedgehog knows a lot about ONE thing. It knows that whatever the fox tries, all it has to do is crawl up into a ball and when the fox pounces, he gets a mouthful of spikes, and so the hedgehog survives.

Don’t be a fox, be a hedgehog. Become an expert of one strategy in forex trading and I promise you will reap the rewards.

A Must Read Before You Do Your First Forex Trade

2008-07-27T04:05:00.000-07:00

Many of us think about the possibility of working from home and making enough money that we can quit our day job. Investing is one way that we can do that. Forex Trading is an exciting method of investing and can be very profitable.

Hold one for just one second before jumping into a Forex trade. I want you to think about a few things before you get started. I know as young investor the hardest thing was to be patient and study first. It is this very thing that can make you a rich investor instead of a poor one.

Invest in your greatest asset; your brain! I know that you have probably heard that before, but please don't ignore this advice. Books are easily available to us. The internet is full of information that we can access and learn from. All of us need to make sure that we have the time to study about the investment that we are getting in before you start investing.

One of the reasons that we don't read and study more is because of the Emotions that are involved in investing. We don't do that because we can already see the new clothes, car, house, and life that we will have after we make our first couple thousand dollars in our first investment. We get caught up in the "hype" of making money through investing and this clouds our reason and causes us to make bad decisions. Don't forget that it is just as easy to loose money investing as it is to make money.

The main way that you will be able to be a good investor is to be one who eliminates the emotion factor from your investing decisions. The greatest way to do that is through education. The more that you understand the investment that you are getting into the more that you will see the risk side of the investment. This gives you a clearer more realistic view of what you are getting into. This will cause you to make educated decisions and cause you to be a wealthy investor.

This method of getting started in investing is much cheaper then jumping in head first. I unfortunately didn't educate myself first and consequently lost a lot of money in the process. Don't be like me, educate yourself and be sure that you are ready before you do your first investment.

Don't forget that the people pushing you into an investment are the ones that will make the most money off of you while you are investing. That's right; they are going to be making a commission off all your trades. Remember that so that you will be able to factor this into you investing decisions. I'm not saying these people are evil. In fact they are necessary, just remember that you need to be just as smart if not smarter then they are!

That is pretty much it. You can't escape the fact that you are the one that will ultimately determine your level of riches! If you can learn how to control your emotions and gain some tips on how to trade successfully then you will gain a great amount of wealth. No one has fun loosing money; I hope that you are an investor who has fun!

If you are interested to educate yourself more in Forex trading go to the top of this site. There you will find a free e-book that you can download and begin your education process to becoming a better, richer investor.

Varengold Bank FX

2008-07-25T14:34:00.000-07:00

Forex Trading Is Driven By Five Top Economic Indicators

2008-07-25T01:44:00.000-07:00

Many factors affect Forex trading. It is critical to know and understand the various factors that cause the Forex to fluctuate from day to day. The foreign exchange market will change depending on the economic factors that play a role in the movement of currency.

Economic factors and indicators are released by the government or by private organizations that can look in depth at economic performances. These indicators can be used to analyse economic performances from any country. The economic reports measure a country's economic health, in addition to government policies and current events.

For the most part, a reputable broker can look at economic indicators and know which trades will be best. Reports on these indicators are released at scheduled times and can tell if a certain country is experiencing improvement in the economy or if the country's economy is on the decline. When the prices fluctuate, a great deal one way or the other, the price can be affected.
Current events and the state of the economy in any given nation is one of the top economic indicators used when analyzing the Forex. Factors such as unemployment numbers, housing statistics and the current state of a country's government can all affect changes in the Forex. When a country is feeling optimisitic about the current state of affairs in their country, prices of the Forex will reflect this. When a nation experiences political unrest, large amounts of unemployed workers and inflation, the rate of the currency will be reflected. Sometimes, this indicator tends to be overlooked, but can serve as an important gauge in the fluctuations of the Forex.

The gross domestic product,or GDP,is another economic indicator used when looking at the foreign exchange market. The GDP is considered the widest and broadest measure of the economy in a country. The gross domestic product represents the total market value of all goods and services that are normally produced within any given country. This is usually measured in the time frame of a year, and not in weeks or months. Using a larger time period gives good statistics on the products and services that are produced in the country. This indicator is not used alone when forecasting the Forex. The GDP is considered a lagging indicator, meaning that is a measurable factor that changes after the economy has already began to follow a certain trend.

Retail sales reports are the third economic factor that is often used in analyzing the Forex. This is the total receipt of all retail stores in any country. Usually, this measurement is not every single retail sale, but is a sample of diverse retail stores throughout the country. This is considered a very reliable and important economic indicator because of the consumer spending patterns that are expected throughout the year. This factor is usually more important that lagging indicators and gives a clearer picture of the state of the economy in any country.
Another reliable economic indicator in the foreign exchange market is the industrial production report. This report shows the fluctuation in productions in industries such as factories, and utilities. The report looks at actual production in relation to what the production capacity potential is over a period of time. When a country is producing at a maximum capacity it positively affects the Forex and is considered ideal conditions for traders.

The consumer price index, or the CPI, is the last critical economic indicator in analyzing the Forex. The CPI is the measure of the change in the prices of consumer goods in 200 categories. This report can tell whether or not a country is making or losing money on their products and services. The exports that a country has are very important when looking at this indicator because the amount of exports can reflect a currency's weakness or its strength.
The Forex is affected by many factors. These factors usually follow a certain trend so it is important to understand how each factor works in forecasting the Forex. Some are good indicators alone while others should be used together for accurate Forex predications.

by David Mclauchlan

Forex Trading: The New Internet Goldmine?

2008-07-23T17:37:00.000-07:00

Why Get into Forex Trading? What is Forex Anyhow?

Forex is an abbreviation for foreign exchange; forex trading is the trading or buying and selling of currency around the world. Each country has its own currency which fluctuates in value on a hour by hour basis; forex trading involves buying various foreign currencies low and selling at a higher price as the market fluctuates in the trader's favor. There are thousands of investments out there that you can favor, so why go trading foreign currencies instead?

Forex investment is one of a kind investing in many ways. Forex investing is a business arena where large fortunes can be made in a matter of hours:

Its trading volume is huge compared to other markets.

It has great liquidity or the ability of either buying or selling the currency without causing significant increase or decrease in the market price.

It has the most number and various kinds of traders.

It is a market that has long trading hours (24 hours each day, except during Saturdays and Sundays )

Places to trade are almost everywhere, not just in America or cities of Europe, but everywhere in cyberspace.

There are different facts that affect foreign exchange rates.

Another interesting fact that will make you excited about Forex trading: it has an average turnover in traditional foreign exchange markets of around $1.80 trillion daily, according to the Triennial Central Bank Survey of the BIS (Bank for International Settlements). Here are some daily averages of turnover on the Forex market in the past years:

$500 billion (April 1989)

$750 billion (April 1992)

$1.18 trillion (April 1995)

$1.48 trillion (April 1998)

$1.16 trillion (April 2001)

$1.88 trillion (April 2004)

From the above figures alone, you will notice that the average trend of Forex turnover is increasing. It is estimated to go as high as 1 to 3 trillion dollars within the next 7 to 12 years, if the amount of traders around the world
continues to increase. As a matter of fact, everyone has the chance of getting a large piece of the Forex market wealth pie, because the Forex trading marketing process is now on automation process.

The concept of automation has become the new trend to the foreign exchange trading markets. The Interbank spot Forex market is also considering changing to the automated method as well.

There are many benefits that a Forex trader can get from automated Forex trading. Here are some such benefits why Forex trading as well as other investments (futures and commodities) prefer the automated process.

Through automated process,trade transactions can now be done in real time. Although slow manual systems have existed for quite some time now, it is difficult to achieve such benefits the automated Forex system can offer to its users. All of the transactions can happen within a few milliseconds and can be a huge bonus for automated transactions against the manual system. In fact, there are problems that are corrected using automated Forex trading ,specifically if the trader is losing a few times in a row the system stops him from making new trades. Such problems could be corrected using the automatic trading system.

With automated Forex trading, you will have a greater trading opportunity. It means that you can trade in many markets in different time zones at a time. You can perform trades with traders from Singapore or London even if it is 12 midnight in the United States. This benefit lets you do a multiple exchange model option. You can use differing trading models to evaluate short-term information. This means that you will be able to predict the trend for a shorter length of time, let us say from 15 minutes to half an hour.

As said before, the Forex market is different because of its great liquidity. This liquidity gains quickly when the market goes automated.

Risk management problems become no problems through automated Forex trading. International checks, which are usually used in making purchases on Forex market, are synchronized using automated technology. Since the trade in an automated process is now on real time, there is a no chance that the payments will be delayed,thus reducing the risk of non-payment by either parties. Although there are minor problems noted with the use of the automated system, it can be repaired quickly through consistently-updated technologies.

With automated Forex trading market, the prediction of $1-3 trillion average daily turnover within the nest 8 to 12years can be changed within the next 3 to 6 years. Given the fast yet efficient trades on different time zones, automated Forex trading will now quickly rank high among the existing lucrative businesses around the world. Is it a cyberspace goldmine? Depends on how you make your claim and work your mine.

The Truth About Fear And Greed While Trading That You Need To Know

2008-07-19T10:50:00.000-07:00

Is greed good Are you chasing the market.

Is greed good? Are you chasing the market? Can you pull the trigger? The truth about 'Fear and Greed' must be understood to trade well.

Inside: The methods that will help you to control your emotions whilst trading are discussed. The more you control your emotions the more money you're likely to make from your proven trading system.

There are many phrases passed around about trading such as 'buy low, sell high,' but how many traders actually understand how 'fear and greed' drive the markets?

The surprising truth about fear and greed:

The pros and cons of simulated trading and the essentials of money management will both be discussed due to these aspects being related to the emotions of fear and greed in trading. Basically the aim of this article is to shed some light on emotions in trading and how they can be handled by traders.

Many people know that 'fear and greed' cause movements in market prices but it's wrong to think that these are always negative emotions.

Let's look at greed first. Greed is good! Well a certain amount of greed is good because it's needed to make speculators want to trade in the first place. A downside to greed is when it causes traders to 'chase the market,' for example by buying after a large sudden move higher when the market is overbought (i.e. overvalued).

You also need to avoid being too greedy when exiting your trades i.e. you should take profits where your proven trading method says you should.

Fear can be a positive and negative emotion too. Fear is a very good thing when it causes you to close out any losers with discipline where your system tells you to. But not too early or too late.

On the other hand, too much fear can stop you from even entering a trade the moment your system tells you to. To overcome this fear it's best to paper trade or make simulated trades for a while before dipping your toes in the water.

Paper trading is something that most traders don't like doing before they first start to trade for real because they want to get out there in the markets pulling in money.

But it's important to test your trading methods first by paper trading as this will help you 'pull the trigger' and commit more easily to trades when the time comes to trade for real.

The main problem with paper trading though is that you don't get as exposed to the emotions of trading as you do when trading for real. Therefore, it can only prepare you to a limited extent.

Using safe money management techniques also helps you to overcome the fear of entering trades. The exact money management rules you use will depend on your trading system.

Generally speaking a good rule is to use no more than 5 to 10% of your initial trading capital per trade. Then only increase the amount you're risking per trade once you've doubled your initial trading capital. - But still risk no more than 5 to 10% of your new level of trading funds.

To sum up, yes you can make big money from trading but it's a marathon not a sprint. You'll need to have realistic expectations and not give in to too much greed. Some greed is good in this walk of life or you would never enter a trade! But not being too greedy means you should take profits where your proven method tells you to and of course, taking the occasional loss really isn't a problem, just don't let them run.

Gradually increasing the size of your trades as described is one of the keys to success. Finally, using a proven trading system will also reduce any fear when entering trades.

About the Author

Philip passed the SFA Futures exams and has been trading for over a decade, first in London and now from home. Just Click Here to get your free brandable viral trading eBook Killer Patterns Plus you get a free mini course when you send a blank email Here Get free live prices, free charts and commission free trades for life with sources revealed inside Wizard Trader. You save thousands- not just FX.

Forex Trading: It is Possible to Make Money with Only 50% Wins

2008-07-16T03:00:00.000-07:00

To be realistic, most people will have a win loss ratio no better than 50%. The reason so many people lose money in Forex trading is that with a 50% win rate, they lose much more money than when they win.

It is possible to make money in Forex trading by picking winning trades with no better statistical advantage than flipping a coin.

How can someone make money when you only get half the trades right? That means 5 out of every 10 trades are losers. Well, if your money management is set up with the right profit loss ratio, it is possible.

Let's use 30 pips as a profit target on every trade and 20 pips as a stop loss on every trade. We will use 10 trades to make it easier using percentages. Winning 5 trades at 30 pips per trade, nets 150 pips profit. Losing 5 trades at 20 pips per trade is 100 pips loss. The net profit for ten trades is 50 pips gain. With one contract, this is $500.00 or one mini-contract, this is $50.00 per ten trades.

Let's say you get better at your trading and win 60% trades. Winning 6 trades at 30 pips per trade, nets 180 pips profit. Losing 4 trades at 20 pips per trade is 80 pips loss. The net profit for ten trades is 100 pips. With one contract, this is $1,000.00 or one mini-contract, this is $100.00 profit per ten trades.

A more rare win percentage is 70%. But working out the math, 7 winning trades at 30 pips, nets 210 pips profit. Losing 3 trades at 20 pips per trade is 60 pips loss. The net profit for ten trades is 150 pips. With one contract, this is $1,500.00 or one mini-contract, this is $150.00 profit per ten trades.

This shows that even with only 50 % wins, money can be made. Using a 3:2 profit loss ratio is profitable for making money in Forex trading. This could mean using a 60 point target with a 40 point stop loss as well.

Using a smaller ratio like a 30 point target and 30 point stop loss, a 1:1 ratio will only give a profit with a win rate greater than 50%. You may find that your trading strategy can only get a 20 point target so you may need to do the 1:1 ratio. Using the 3:2 ratio, with a 20 point target, you will have less than 20 as a stop loss and this is too small of a stop loss for Forex trading. There are so many market forces that can swing more than 20 pips and hit your stop loss. Practically speaking, you need to work with the currency pairs with the smallest spreads when using a 20 point stop.

Now, knowing the right target loss ratio, the right trading strategy needs to be incorporated to make this work. Finding the right strategy is vital to this ratio.

New US Bank Failure

2008-07-13T23:29:00.000-07:00

Maybe they should sell this bank on Ebay. Click here for the CNN article on this banks failure.

Tips on Getting Started with Forex Trading

2008-07-13T16:08:00.000-07:00

People go into Forex trading expecting big money. Many people have found it surprisingly easy to make a nice return on their money because the forex market changes every day.

Forex is the foreign exchange market. It is also commonly referred to as the FX market. Forex trading is done through a financial institution or broker. These are most often the same places that you are able to purchase other types of investments including stocks and bonds.

When considering if you want to start investing in the forex market or not, you should consider the fact that you are investing in other countries. With the forex market your investment could be in one country one day and in a completely different country the next. This all depends upon your broker or financial institution.

Make sure you educate yourself so you can read all of your financial statements and understand what it is your money is doing. Three letters represent each currency that is in the forex market.

For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP.

You will also discover that for every transaction on your account listing you will see information that possibly looks a lot like this: JPYzzz/GBPzzz. That would mean that you took your Japanese yen money and invested it into the British pound market.

You will find a lot of similar transactions to that because your money is most likely spread throughout the entire forex market.

When choosing a firm or broker to go through it is important to find someone that you can fully trust. Try to find a company that has been working in the forex market for the last 30 years or so. You don't want to put your money with a company that is new to this competitive arena of investing.

Be cautious of these new forex companies that are appearing online out of nowhere. Many of them are not based in the United States, which leaves you with very little if any protection. If you do deal with a firm then make sure that they are a bank. Banks have alot more to risk than a broker and would be unlikely to cause you to lose. Make sure to read all the fine print and understand exactly who you are dealing with.

If you really want to get started in trading on the forex market, you may discover the minimums for investing are quite different from one company to the next. You will usually need a minimum investment of about $250 or $500. Some companies require minimums as high as $10,000.

Also be aware that there is many scams out there that claim you can start a forex account with only a dollar or two. This should be red flag and the company should be looked into more closely before signing up.

Forex Trading at its best with a bank, www.varengoldbankfx.com

Money As Debt

2008-07-09T15:42:00.000-07:00

Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.

Elements that Shake the Forex Market

2008-07-07T17:07:00.000-07:00

There is no way to really understand the workings of the Forex (Fx or Foreign exchange) currency market unless you've got a firm comprehension of what elements can shape the manner the Forex (Fx or Foreign exchange) market will operate on any given day. Here are some examples of the assorted factors that can come into play each and every single day and impact the Forex (Fx or Foreign exchange) market for better or for worse.
Perhaps one of the up most common variable that can shape the daily market is that of economics within any given country. One very important element that can make a really big difference in how well a nation's currency will trade that day, has a lot to do with the total sum of the deficit presently held by the current nation's governing body. Sudden spikes in the deficit will result in the underlying nation's currency dropping in exchange with other countries. As the nation's governing body reduces the shortfall, the nation's currency will begin to recuperate and rise in the exchange rate.
Along with the budget shortfall, a trade deficit can also affect the exchange rate. Simply put, if a nation isn't doing at least as much exporting of services and goods as its importation, a deficit develops. This is a very clear economic sign that will have a damaging impact on the economic value of the nation's currency exchange rate.
As with all aspects of life, political relations also can have a positive effect on currency rates of exchange, or it can bottom them out. Changes in governing bodies that are considered in a damaging light will very rapidly reflect a devaluing of the nation's currency. The same is held true when the government makes decisions that are taken as not being in the better interests of the global community. At the same time, an election that elects government personal, who are looked on to be positive by the world community, can very speedily raise the value of that country's currency, at least as long as those officials keep up their favorable position.
Internal inflation or recessions will also play a very big part in the way the foreign exchange rate of a given country is appraised. Inflation particularly has the power to cause currencies to suffer a lost. As a nation embarks into a period of time where inflation is rampant, the desirability of the underlying currency will drop, as it's perceived as being more volatile in general. Because inflation diminishes the buying power of a country internally, it's also seen as being a shortfall in the power to buy goods and services from other nations. As inflation is reined in and times of mild recession come into play, the value of the currency will once more climb in comparison to other countries.
The fact of the matter is that quite a number of elements that have to do with trading and the overall fiscal picture of a country will make a very big difference in how the country's currency exchange rate will perform on any day. Some elements may result in only temporary upwards or downwards trends, while others will have more long-run effects. One thing is for sure: the Forex (Fx or Foreign exchange) currency market is a fast-paced environment that never gets boring.

The Basics of Forex Trading

2008-06-26T10:08:00.000-07:00

Forex Trading Can Be like Gambling

In this article we will examine the basics of Forex trading. The foreign exchange, currency, forex or FX, market exists wherever one currency is traded for another.

It is by far the largest market in the world, in terms of cash value traded, and includes trading between central banks, large banks, multinational corporations, currency speculators, governments, and other financial markets and institutions.

The trade happening in the forex markets across the globe currently exceeds US$1.9 trillion a day.

There are many reasons for the popularity of foreign exchange trading, but among the most important are the leverage available, the high liquidity 24 hours a day and the very low dealing costs associated with trading.

Online Forex trading can be an exciting way to make money. Part of the excitement is that Forex trading is similar to the stock market. You should never trade more than you are willing to lose. You can lose money and you can make money as well. Common sense dictates that you research and learn before getting started.

Forex trading is where individuals buy and sell different currencies in the hopes of making a profit. It is based on the exchange rate and hoping to buy one currency and then turn around and sell it as a different currency for more that you paid for it.

One example is if you buy a certain amount of euros for one hundred dollars, the object is to sell or trade that same amount of euros for more than one hundred dollars. This way you get back your initial investment plus a profit.

One reason that online Forex trading is appealing is the hours that you are able to trade are basically 24 hours a day. A lot of investments that you can get into are open for buying and selling only at certain times of the day. However, because it is always daytime somewhere, online Forex trading is not limited in this way.

If you are a person that sleeps days and works nights, this can be a great idea. You don't have to be awake at hours that are normally your bed times to monitor or alter your investments. Trading times will be when you decide. Also, if you are on a regular daytime schedule, but you don't decide to sell until nightfall, that is still not a problem. Exchange rates are constantly changing, and you don't have to wait twelve hours to react to a change.

Varengold Bank FX ... No Human Dealer Intervention

2008-06-22T11:07:00.000-07:00

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Dollar Losing Value

2008-06-22T11:02:00.000-07:00

Is the US dollar going to crash? Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

Your daily forex signals: Varengold Bank

2008-06-04T14:57:00.000-07:00

Your daily forex signals: Varengold Bank

Profitable Forex Trading - A Beginners' Guide

2008-05-29T21:02:00.000-07:00

Varengold Bank FX

An Introduction to Currency Trading
that Anyone Can Master.

www.VarengoldBankFX.com

Legal Notice: This Ebook is for informational purposes only. While every attempt has been made to verify the information provided in this Ebook, neither the author nor the distributor assume any responsibility for errors or omissions. Any slights of people or organizations are unintentional and the Development of this Ebook is bona fide. This Ebook has been distributed with the understanding that we are not engaged in rendering technical, legal, accounting or other professional advice. We do not give any kind of guarantee about the accuracy of information provided. In no event will the author and/or marketer be liable for any direct, indirect, incidental, consequential or other loss or damage arising out of the use of this document by any person, regardless of whether or not informed of the possibility of damages in advance.

Contents

· Introduction
· Why Forex Market is Unique
· Advantages of Forex over Futures or Stocks
· Choosing the Right Broker
· Technical Analysis and Fundamental Analysis
· How to Choose Your Strategy
· Knowing Forex Spreads
· Powerful Tips on Forex Trading
· Important Rules in Forex Trading
· Dealing with Losses
· Conclusion

Introduction

Forex trading refers to the buying and selling of the currencies of different nations, i.e., one currency is bought and another sold at the same time. A Forex deal involves profit when you sell a currency at a price higher than what it cost you to buy. Foreign Exchange market is the largest liquid financial market in the world in terms of the turnover it yields daily. The highest turnover ever recorded estimated at around $2 trillion in a single day. Trading of the major currencies occupy around 85 percent of all daily transactions. The advent of modern technology has made it possible for small traders to avail the benefits of Forex trading by means of various online trading systems.

One of the specialties of Forex trading is that currencies are always traded in pairs like Euro/Dollar, Dollar/Yen, etc. For investment purposes, four major currency pairs are commonly used. They are: US dollar against Japanese yen, Euro against US dollar, US dollar against Swiss franc and British pound against US dollar.

If you feel that the value of one currency will increase against another in future, you may exchange the second currency for the first one so that when things happen as you expect, you can make the opposite deal by exchanging the first currency for that second one and gain profit from the deal. Dealers perform transactions on the Foreign Exchange market at major Forex brokerage companies or banks. Forex is an integral part of the world market and is active 24 hours a day. Even when you are sleeping at midnight, transactions in Foreign Exchange occur in different parts of the globe. Clients may place orders with their brokers to sell equities overnight.

Forex market is the largest financial market in the world. Also known as FX market or Foreign Exchange market, it is the most liquid market on the face of the earth with an average daily turnover of around $1.2 trillion. Compared to the stock market, price movements are very smooth on the FX market. New investors can enter and exit positions efficiently.

In the past, small speculators were unable to enter in to the Foreign Exchange market because of the stringent financial requirements and large minimum transaction sizes. The principal dealers in this field were banks, large speculators, big currency dealers etc. Only they could take benefit of the strong trending nature of currency exchange rates and the currency market’s unmatched liquidity. Today, small traders have the opportunity to buy or sell any number of smaller units because Foreign Exchange brokers are now able to break down the larger sized inter-bank units and offer them to buy or sell. It is at the option of smaller companies and individual speculators to trade at the same rates and price movements as large speculators and currency dealers who once reigned the market.

Being successful in Foreign Exchange trade is daunting and arduous especially if you are new to the field. I hope this e-book will guide you to accomplish your goal.

Why Forex Market is Unique

Forex markets have some unique features that provide an incomparable potential for profitable currency trading in any market situation. A trader need not wait for the ‘opening bell’ as in the case of the exchange and has the opportunity to avail all fruitful market conditions at any time. Since the Foreign Exchange market is the most liquid market in the universe, traders can enter or exit the field at their will in any market condition.

Compared to the equity markets, Forex markets offer high leverage ratio. Although high leverage offers high profits, it may also expose the trader to extreme losses. Under normal market conditions, the bid/ask spread is less than 0.1% (10 pips). In the case of larger dealers, the spread could be smaller and may expand a lot in fast moving markets.

A bear market or a bull market for a particular currency is defined in terms of the positive or negative outlook of its future value against other currencies. If the outlook is positive, there exists a bull market for that currency where a trader would like to buy the said currency against other currencies. On the other hand, if the outlook is negative, there is a bull market for the other currencies against the said currency where a trader will be forced to sell that currency against other currencies. This way, the Foreign Exchange market is always a bull market and for traders there is always a bull market trading chance.

Telephones and electronic networks help the global network of Forex traders to communicate and engage in trade with their clients. No organized exchange is there to facilitate transactions in Foreign Exchange market unlike in the case of equity markets. It is not possible for a single trader or even a central bank to control the market price for so long that the Forex market is so huge with numerous participants. When interventions are made even by mighty central banks, results turn to be ineffective and short-lived. For this reason, central banks are becoming little interested in interfering to manipulate market prices.

The Foreign Exchange market is known to be an unregulated market although banking laws regulate the activities of major dealers like commercial banks in money centers. No law specific to the Forex market controls the retail Forex brokerages in their daily operations and many of such institutions in the United States do not even give reports to the Internal Revenue Service.

Advantages of Forex over Futures or Stocks

By putting up a little amount of margin, a Forex trader can control a big amount of the currency similar to stock speculation and futures. The margin requirements for Forex is about 1% whereas the margin requirements for trading futures are around 5% of the entire value of the holding or 50% of the total value of the stocks. For every $100,000, the margin needed to trade Foreign Exchange is $1000. Therefore, a currency trader's money can play with 50 times more than a stock trader's, or 5-times as much value of product as a futures trader's. For creating an investment strategy, this can be a very profitable way while trading on margin, but it is important to note that taking time to understand the risks involved is always helpful. You should be fully aware of the way your margin account will work. Thoroughly read your margin agreement with your clearing firm before proceeding any further. If you have any doubt, talk to your account representative.

If the available margin in your account falls below an amount set in advance, chances are that your account could be partially or completely liquidated. You need not get a margin call before your positions are liquidated. For this reason, you should regularly monitor your margin balance and use stop-loss orders on every open position for limiting downside risk.

Paying exchange and brokerage fees is necessary when you trade in futures. The advantage of Forex is that you can trade commission free. Letting buyers to be matched with sellers instantly is a specialty of currency trading which is a worldwide inter-bank market. Although you need not pay commission to a broker to match the buyer up with the seller, the spread is higher than it is when you are trading futures.

Compared to trading futures, there is limited risk involved in Forex trading. After the discovery of Mad Cow Disease found in US cattle, the price of live cattle fell dramatically which moved the limit down for several days. This price fall could have wiped out the entire equity in your account. As the price continued to fall, you would have been compelled to find more money to compensate the deficit in your account. Before the expiry of futures contracts, you have to think ahead whether to roll over your trades. Since Forex positions expire every two days, you have to rollover each trade so that you can stay in your position.

Trading in futures is limited to a few hours every day a market is open. Every time a major news story comes out when the markets are closed, you have no option but to wait until the market reopens. Forex market, on the other hand is a 24 hour market. You can trade any time you prefer, Monday to Friday. With an average daily turnover of around $1.2 trillion, Foreign Exchange is the largest market in the world, i.e. 46 times as large as all the futures markets collectively. It is very difficult even for Governments to control the price of their own currency with the high number of people doing Foreign Exchange trade.

Forex trading is an excellent alternative to trading in futures and commodities. To get started successfully in trading currencies, you require some help unless you are a Forex broker. The whole process should be much easier if you carefully follow the directions given below.

Choosing the Right Broker

The first thing before getting started in Forex trading is to find and select the right broker to assist you in your venture. As in the case of any other market, there are so many brokers to choose from. Consider the following things in making your choice.

Always look for a broker who offers low spreads. The spread is the difference between the price at which a currency can be bought and the price at which it can be sold at any particular point of time. Brokers don’t charge commission and this difference is how Forex brokers are going to earn money. The difference in spreads in Foreign Exchange is as large as the difference in commissions in the stock market. It means that lower spreads will help you to save money and that is why it is better to choose a broker that offers low spreads.

Unlike stockbrokers, Forex brokers are attached to big money lending institutions or banks due to the large capital that is needed. Make sure that your broker has the backing of a dependable institution. See the company’s website for more information and statistics on Forex brokerage.

Usually, Forex brokers offer different trading platforms for clients as done by brokers in other markets. These trading platforms show technical analysis tools, real-time charts, real-time data and news etc. It is important to test different trading platforms before you commit to any particular broker. For this purpose, you have to request free trials. As part of their service, brokers often provide you with economic calendars, fundamental as well as technical commentaries and other research. An ideal broker will give you everything that you want to succeed.

http://www.varengoldbankfx.com/

Leverage is an important requirement in Forex trading for the reason that the sources of profit, namely price deviations are just set at mere fractions of a cent. Leverage, which is defined as a ratio between total capitals that is available to actual capital, i.e. the amount of money a broker will lend you for trading. If your broker would lend you $100 for every $1 of actual capital, you have a ratio of 100:1. Many broker firms offer as much as 250:1. Lower the leverage, lower will be the risk of a margin call and it means that you will receive a lower bang for your buck. Make sure that your broker offers high leverage if your capital is limited.

If capital is not a problem for you, any broker who has a wide variety of leverage options can be chosen. Different options can be applied to vary the amount of risk you are likely to take. For example, if you are dealing with highly volatile currency pairs, less leverage may be preferable.

Brokers offer different kinds of accounts to choose from. The smallest account, otherwise called mini account, requires that you have to trade with a minimum of maybe $300. This offers you a high amount of money as leverage that you need in order to earn money with very little initial capital. Although the standard account allows you to trade at different leverages, you require a minimum initial capital of $2,000 to get you started. A significant amount of money is required as capital for starting premium accounts. It also offers you different amounts of leverage plus additional tools and services. Always make sure that the broker you engage has the right tools, services and above all the right leverage that are relevant to the capital you are able to deal with.

There are brokers whom you should avoid, as there are brokers whom you want to engage. Some brokers only seek to increase profits and are prone to prematurely buying or selling near preset points, which is commonly termed as sniping and hunting. Although no broker would admit to doing such unethical things, there are ways to know whether a broker has done any such offence. But the only way you can find which brokers do this and which brokers don’t, is to talk to other traders. There exists no list and there is no organization that reports this king of misconduct. The best thing is to visit online discussion forums or talk to others about honest brokers.

Your broker should have a say in how much risk you can take when you are trading in Forex with borrowed money. Keeping this in mind, your broker can buy or sell at his discretion very much against your interests. Suppose you have a margin account and your position takes a headlong nosedive before it starts to rebound to all-time highs. Some brokers will liquidate your position on a margin call at that low, even if you have enough money to cover it and this can cost you dearly.

Contracting for a Forex account is very much like getting an equity account. For Forex accounts, you have to sign a margin agreement being the only major difference between the two. Such agreements generally stipulate that you are trading with borrowed money, and, therefore the brokerage firm has every right to interfere with your trades for protecting its interests. After sighing up, you have to fund your account and you can trade right away.

Technical Analysis and Fundamental Analysis

As in the case of equity markets, there are two basic areas of strategy in the Forex market, namely technical analysis and fundamental analysis. Technical analysis is the most common strategy used by individual Forex traders. Let’s see how these two strategies directly apply to Forex trading.

Fundamental analysis, which is usually used only as a means to predict long-term trends, is an extremely difficult strategy in the Forex market. But it is notable that some traders trade short term strictly on news releases. There are many different fundamental indicators of the currency values released at different times. The following are a few of them.

Consumer Price Index (CPI)
Non-farm Payrolls
Durable Goods
Retail Sales
Purchasing Managers Index (PMI)

It is important to note that these are not the only fundamental factors that you have to study. There are many types of meetings where you get some quotes and commentary that can influence markets just as much as any report. Such meetings are usually conducted in order to discuss any inflation, interest rates and other effects that may affect currency values. Sometimes, even the way things are worded while addressing some matters like the Federal Reserve chairman's comments on interest rates; can result in a volatile market. Two crucial meetings that you have to look out for are the Federal Open Market Committee and Humphrey Hawkins Hearings.

Reading reports and commentaries will help Forex analysts to get a better understanding of any and all long-term market trends and also help short-term traders to get benefited from extraordinary happenings. Make sure that you always keep an economic calendar with you to know when these reports get released. Your broker may also be able to provide you with similar information.

Price trends in the Forex market are analyzed by technical analysts just like their counterparts in the equity markets. The time frame that is involved constitutes the only real difference between technical analysis in Forex and technical analysis in equities, i.e. Forex markets are open 24 hours a day. Because of this difference in time frame, some forms of technical analysis that factor in time have to be changed so that they can work with the 24 hour Forex market. The following are some of the most common forms of technical analysis applied in Forex trading.

Fibonacci studies
The Elliott Waves
Parabolic SAR
Pivot points

There is a tendency among technical analysts to combine technical studies for the sake of accuracy in predictions. The most common method is combining the Fibonacci studies with Elliott Waves. Some others try to create trading systems in an attempt to repeatedly locate similar buying and selling circumstances.

How to Choose Your Strategy

Successful traders develop schemes and perfect them over a specific time frame. Some traders will stick to one specific study or calculation, while some others rely on broad-spectrum analysis as a way to determine their trades. Experts always advise you to try using a combination of both fundamental and technical analysis. This way, you can make long-term projections and also ascertain entry and exit points. In the end, it is the individual trader who has to take decision on what works best for him.

Before getting started in Forex trade, you should open a demo account and paper trade so that you can practice until you attain consistency in profit. Generally, people who fail have a tendency to jump into the Foreign Exchange market and quickly suffer loss due to lack of experience. It is vital to take your time and train yourself to trade in the right manner before you start committing capital.

As a rule, trade without emotion. You will not be able to keep track of all stop-loss points in case you don't have the power to execute them without delay. Always set your stop-loss and take-profit points to execute automatically. Never change them unless absolutely needed. Take firm decisions and follow them. Otherwise you will end up driving yourself and your brokers crazy.

Following trends is vital in Forex trading. You will have a better chance of success in trading with the trend and if you go against the trend, you are just wasting your money because the Forex market tends to trend more often than anything else.

The Forex market is the biggest market in the world, and people are getting more and more attracted to it. But before engaging a broker, make sure he meets certain standards, and take the time to discover a trading strategy that suits you.

Knowing Forex Spreads

Forex is priced in pares between the currencies of two different countries. When you make a deal in Forex, you buy one currency and sell another at the same time. You must buy/sell the opposite position, if you want to exit the trade. For instance, if you think the price of Euro is going to rise against the US Dollar. For entering trade, you need to buy Euros and sell US Dollars. If you wish to exit trade, you will have to sell Euros and buy back US Dollars. Your hope is that your expectation was right and that the exchange rate for EU/USD has actually risen, meaning that you will get more Euros back than when you bought them, and this way you will make a profit.

The claim of every Forex broker is that he is having the tightest spreads in the industry. For a beginner, the topic of spreads in the Foreign Exchange market is very confusing and often very difficult to understand. However, it is to be noted that nothing affects your trading profitableness more.

The first thing you need to know is what the spread actually means. A spread is the difference between the price you buy at and the price you sell at that is quoted in the pips. If the quote between EUR/USD at a given time is 1.2222/4, then the spread equals 2 pips. If the quote between the two currencies is 1.22225/40, then the spread equals 1.5 pips.

The spread is what helps brokers to earn money. Wider spreads will cause a higher asking price and a lower bid price. The result is that you have to pay more when you buy and get less when you sell, making it hard to earn profit.

Very often, brokers don’t earn the full spread, particularly when they hedge client positions. The spread helps to compensate for the market maker for accepting risk from the stage it begins a client trade to when the broker's net exposure is hedged.

The importance of spreads is that they affect the return on your trading strategy considerably. Being a trader, your chief aim is to buy low and sell high as in the case of futures and commodities trading. Broader spreads means buying higher and having to sell lower. A half-pip lower spread need not necessarily sound like a good deal, but it can be the difference between a fruitful trading scheme and one that isn’t so.

If the spread is tight, better things will happen for you. However tight spreads are significant only when they are paired up with good execution. Quality of execution will determine whether or not you actually get tight spreads. A good illustration of this is when your screen displays a tight spread, but your trade is filled a few pips to your disadvantage or is cryptically rejected.

When this happens again and again, see whether your broker is showing tight spreads but is delivering wider spreads. Some brokers use strategies like delayed execution, rejected trades, stop-hunting and slipping to do away with the promise of tight spreads.

Spreads should always be reckoned in conjunction with depth of book. Strangely enough, in the matter of economies of scale, Forex doesn't even behave like most other markets. For example, on the inner-bank market, the larger the ticket size, the larger the spread is. When you see a 1-pip spread on an ECN platform, you have to inquire if that spread is valid for a $2M, $5M or $10M trade, which it believably isn’t. Many times, the tight spread that is offered is applicable only to capped trade sizes that are very insufficient for most of the general trading strategies.

Spread policies are different among different brokers and the policies are often hard to see through. This of course makes comparing brokers a lot difficult. Many brokers offer fixed spreads that are guaranteed to remain static irrespective of market liquidity. But as fixed spreads are habitually higher than average variable spreads, you are paying an insurance premium during most of the trading days so as to get protected from short-term volatility.

Some other brokers offer you variable spreads relying on market liquidity. Spreads are tighter while there is good market liquidity but they will broaden as liquidity dries up. Choosing between fixed and variable rates depends on your own trading pattern. If you trade chiefly on news announcements, you may be fortunate with fixed spreads, but only if quality of execution is good.

There are brokers who have different spreads for different clients on the basis of their accounts. Clients making larger trades or those who have larger accounts receive higher spreads, while clients referred by an introducing broker get wider spreads for covering the cost of the referral. Some brokers offer the same spread to all traders.

It can be hard to learn about a company’s spread policy because this information and information on trade execution and order-book depth are difficult to obtain. For this reason, many traders get caught up in the offers they receive and take the words of brokers at face value. This can be unsafe. The only alternative is to try out various brokers or talk to those who have.

Powerful Tips on Forex Trading

In order to become a successful Forex trader, you require a lot more than a few quick tips and tricks. You will need capital, experience, fortitude and, above all, a hearty trading system. However, if you are a beginner, the following tips will help you to get started successfully in Forex trading.

Tip 1 - You should be fully aware of the power of a position. Never arrive at a market judgment while you have a position.

Tip 2 - Ascertain a stop and a profit objective before you enter a trade. Place stops based on market info, and not your account balance. If a "proper" stop is too costly, it isn’t worth it to go ahead with the trade.

Tip 3 - Remember not to add to a position that is losing.

Tip 4 - Trading systems that work efficiently in an up market need not work in a down market. Always keep this in mind.

Tip 5 - If you decide to exit a trade that means you are capable of perceiving changing circumstances. Never think you can pick a price, exit at the market.

Tip 6 - Sometimes, due to excessive volatility or lack of liquidity you should keep yourself away from trading.

Tip 7 - In a Bull market you should never sell a dull market and in a Bear market you should never buy a dull market.

Tip 8 - Always remember that news is only important when the market doesn't react in the direction of the news.

Tip 9 - Sell the factual news and buy the news that you hear.

Tip 10 - Superstition is good in the sense that you shouldn’t trade if something bothers you.

Tip 11 - Up trending, range bound and down trading are three types of markets and you should have a different trading scheme for each of them.

Tip 12 - Risk managers commonly issue margin call position liquidation orders during the blowout stage of the market, up or down. They don't usually check the screen for overbought or oversold. They just issue liquidation orders. Make sure that you don't stand in the way.

Tip 13 - Up market and down market patterns always exist. It is only that one is always more dominant than the other. In an up market, it is very easy to take sell signal after sell signal, only to be stopped time and again. Only select trades that move along with the trend.

Tip 14 - It is very easy to enter a losing trade.

Tip 15 - A buy signal that fails is in fact just a sell signal and a sell signal that fails is a buy signal.

Tip 16 - When everyone else is in, time is up for you to get out.

Tip 17 - Never enter a new trade in the direction of a gap and never let the market make you make a trade.

Tip 18 - It helps for you to read the previous day’s paper each day to get an idea of what the market already did. It will definitely remind you that what happened yesterday has nothing to do with what will happen today.

Tip 19 - Always get in late and out early because the first and last ticks are always the most expensive.

Tip 20 - Scalpers bring down the number of variables effecting market risk by being in a position that lasts only a few seconds and day traders keep down market risk by being in trades for minutes.

Tip 21 - Try to measure yourself by profitable successive days and not by individual trades.

Tip 22 - Never trade while you are sick.

Tip 23 - You should not turn four losing trades in a row into eight in a row. Turn off the screen when you’re off and do something else. Sticking in while you are loosing is a silly thing.

Tip 24 - Never change your unit of trading unless under a plan of attained goals. It helps to have a plan for lessening size when your trading is cold or market volume is down.

Tip 25 - Sometimes, confidence is a very bad thing. Keep in mind that you really don't know anything unless you are a broker. Always expect the unexpected and know your position and exit your trade at once whenever you feel uneasy.

Tip 26 - The easiest way to break a streak of consecutive loses is keep away from trade for a day.

Tip 27 - Never stop trading when you’re on a winning streak.

Tip 28 - Flexibility is an essential element of successful day trading. You should do your homework so as to understand the full potential for both sides of the market. This will enable you to make your trades on the basis of what the market is doing at the time of the trade.

Tip 29 - When the market goes up, you should say it aloud and when the market goes down, you want to say that aloud too. This way you will find how hard it is to say what is literally going on in front of you while your mind is full of preconceived notions.

Tip 30 - Never worry about a missed chance. There is always another one waiting for you.

Tip 31 - If you convert a scalp or day trade into a position trade that means you did not take in to account the risks involved in the trade properly.

Tip 32 - There is no meaning in looking for secrets in the market. You will only find matters that no one cares about.

Tip 33 - Asking for someone else's opinion is not advisable because they probably did not do as much homework as you did.

Tip 34 - Have you whined or got fidgety while reading this list? If your answer is “yes”, you have two apparent characteristics that you share with many other traders:

A. You have traded long enough to understand that it is YOU who make mistakes, and you try to overcome them.

B. You have become a part of the market and you can never leave it. You will always check the market and always want to continue being a part of it.

You need to trade with the trend in the case of small accounts ($25,000 and under). Many newcomers look for trades that flow in any direction. Although Forex trading permits bidirectional trading, trading with the trend improves your chances in the long run.

It is better to have at least two accounts, i.e. one real account and the other a demo account. Do not stop learning even after trading real dollars begins. Continue the demo account and utilize it to test any alternative trades etc. You can shadow your real trades with identical ones in your demo account, but you have to widen your stops in the demo in an attempt to see whether you are being too conservative.

Since there are no leading indicators you have to stop looking for them. Many firms are minting money by selling software that predicts the future. But if those products really worked, they wouldn't be telling you about it.

It is good to examine daily charts because they assist you in timing your trades. Use the four-hour charts or one-hour charts that are available. When you are trading at 30- and 15- minute time increments, it takes a lot of dexterity.

Never trade the time frame that is offered and trade the pattern instead. Hesitation patterns, breakout patterns and reversal patterns show up a lot. Train yourself to look for the pattern in any time frame.

If you have sufficient money, trading two lots is safer than trading only one and trading three is safer than two etc. Technical analysis, money management and emotions play their roles a great deal in trading. One lot alone is not sufficient to determine these elements for deciding to enter or exit. Extreme trading is most conservative trading when you think about it. Trading at the extremes increases the chances that you have chosen the right way.

Thoroughly check the Big Five the euro/dollar, pound/dollar, dollar/yen, Swiss franc/dollar and euro/yen before deciding on taking a position in any one of them. There might be something apparent that you’ve missed. Adopt the Upside Down Rule. Suppose you can turn a chart upside down and it still looks the same, avoid it all at once.

Never keep count of your profits in your first 20 trades. Consider the percentage of wins instead. Once you learn to pick direction, profits can be enhanced by using variations in your stops and by means of multi-plot trading. This is the right time to get serious about your personal money management.

Important Rules in Forex Trading

In this section we will deal with some important rules that should never be violated in Forex trading. If you succeed in applying these rules strictly, you will be well on the way to becoming a flourishing trader. These rules can tremendously improve your chances of success if they are understood and implemented in the right spirit. These rules were learned through experience, applying trial-and-error method and they point to some inevitable mistakes that everyone makes when starting a business.

Implementing specific goals and objectives:

For starting any business successfully, you must have some specific objectives and goals that form the basis of your venture. Even though the primary objective in business is financial gain, it is important to have other objectives that are not strictly money-related. In any business, reward and risk go hand in hand and we can’t always expect to earn high profits without planning and preparing to face high risk. You must always have very specific objectives and goals and at the same time the following characteristics if they are going to help you.

Always keep a positive attitude.

Be naturalistic and achievable.

Be worth the time and effort employed.

Be measurable according to the completion and timeframe involved.

If you know what you are trying to achieve in your trading, and when you will achieve it, the whole of your hard work will be more focused on meeting your objectives. This will help you to pay your attention only to things you really want to achieve. This will also show you a way to effectively measure the success and advancement of your trading strategy. Generally traders who have well-defined objectives will be much more successful than those who do not have such goals.

Discipline and consistency:

For realizing the full potential of your trading systems, it is very essential that you adjust every stop, take every trading entry and close out every trade when your pre-defined trading system says you should. This helps you to achieve sufficient confidence in your trading system’s efficient and reliable technology and the steadfast discipline to stick to your trading plan no matter what happens. If you have a pre-defined plan for each and every situation you are likely to face as part of your trading venture, you will have a positive assumption about being consistent and disciplined. For making your plan successful, you must include the following items in it.

All your trading rules for entering, adding to and getting out of your positions.

What you will do if your broker, telephone, trading computer, internet connection, power etc. fail to be of any real use.

What you are planning to do if for some reason you are unable to trade.

What will be your strategy if you lose a certain percentage of your account.

What you will do if all the markets are closed and you are unable to get out of your current positions.

If you fail to answer all these scenarios, you cannot nurture a positive and beneficial mental attitude to trading and if you lose money you will not know if it is because your plan is not complete, you didn’t abide by your plan or your systems do not work.

Let your winning streak run:

When we get a profit-making trade going, our natural concern of losing the unrealized cash starts and we really want to close it out now and depart while we are ahead. Most trading in reality consists of long periods of small winners and losers, followed by a few huge successes that make the difference between overall profitableness and simply breaking even or even losing thanks to the trading costs like slippage, spread and commissions.

It is your power to let the huge winners become huge. This power influences your overall performance during the season. Letting your winning streak run is undoubtedly the key to being a successful trader although it is easier said than done. In other words, you have to be prepared to give up a comparatively large portion of a winning trade’s open profit. As a matter of fact, we should be able to increase the effect of a winner and widen stops rather than making attempts to figure out how tight our stops can be to get the best profit.

It is vital that your management rules lead you to large winning trades and these rules are pre-defined and comprehended before you place the trade in the first place. This results in your strict adherence to your rules when you do get the big winner.

Cut short your losses:

Just like profitableness comes from a few large winning trades, capital preservation is possible by avoiding the few large losses that you are likely to suffer each year. Set a maximum loss point before entering the trade so that you know in advance just about how much money you are risking on this position. Set the exit price that warns you that your trade is a losing one and you should exit before it worsens any further. Sticking to this rule will save you from the nasty trades that go against your position until you loose more than what many winning trades can pay off.

If you are in a losing position that has reached your maximum loss point, you should just get out at once. You cannot expect the situation to turn around for it isn’t commonsense. There is no meaning in risking money on a trade that has already proved itself to be a loser when you could just close it out and move on. In case you decide not to risk any more money on such a trade, you will be in a much better position financially and mentally compared to holding on to your position and hoping for a complete turnaround.

Never add to a losing trade:

It is an important trade management rule that you should never add to a losing trade. Among trades, there are winners and losers. If a trade is a loser, the possibility of it turning right around and becoming a winner are too remote and you should not risk more money on it. If it is in fact a winner disguised as a loser, it is wise to wait until it appears to be a winner for adding to it further.

If you follow it, you will find that nearly each time the trade ends up hitting your stop loss and does not change direction. There are times when the trade turns around before it hits your stop and becomes a winner and you can consider yourself very fortunate if it does. On the other hand, you can count yourself unlucky if the trade hits your stop loss and then turns around and becomes a winner. In any event, it is not at all worth adding to a loser, in the hope that it will eventually be a winner. The chances of success are just too low to risk more money in addition to the initial risk.

Never take too much risk:

Risking too much of capital on a single trade is one of the most terrible mistakes that any trader can commit. It is for sure that if you lose all your capital, you are out of the field indefinitely. There is a meaningful saying in poker that going all-in works every time but once. The same applies to Forex trading in that if you risk all of your account on every trade, it only takes one loser to wipe you out and it is only a question of time.

Generally, you should risk only 1-3% of the available capital shared to a system on any individual trade. This calculation is done using the size and, the difference between our entry price and our maximum stop price, and the amount of capital that is allotted to the system.

If these things are combined, you can assure yourself never to loose all of your trading capital. Actually, the chances of us hitting the maximum drawdown for the year are very low. The size of all trades you make should almost seem painless to your future. If you are concerned about the size of a trade then it is too big for you and you should use a lower amount forthwith. Remember that longevity is the key to making money by trading in any trading market. Trading slowly and steadily over a long period with minimal risk is better than trading rapidly with too much risk.

Positive expectancy trading system:

If what you have is a positive expectancy trading system, the only factors that will determine how much money you will make every year are, the amount of capital you allot to the system, the number of trades the system makes and how accurately you utilize the trading signals.

If you are doubtful whether your trading system is positive expectancy, it is not practicable for you to go ahead with it in the first place. Calculation of expectancy is done using the profit or loss on each trade; divided by the initial risk, and then taking the average of this number of a series of trades. While systems that have negative expectancy will lose money, those with positive expectancy will make money most of the time.

Eminent traders only trade systems when the likelihood of success are in their favor so that they are aware that earning money is the final outcome of correctly applying the system and not just a chance.

Minimize all of your trading business costs:

If your trading system offers you only marginal profitability, trading implementation costs like spread, commission and slippage can be the difference between profit and loss. Since technology has made it possible to avail the services of modern electronic brokers and fully-automated trade processing and execution systems, it is definitely worth the effort in looking for a very cheap way to implement your trading scheme.

By carefully choosing the right broker, you can dramatically lower high commission, wide spreads and large amounts of slippage. Paying too much for trade execution is a way to lose money, which in fact you can wisely avoid.

Be well studied:

For successfully competing at the highest level in the trading business, you must be well studied about what you are doing. Being well-studied means that you have exhaustively researched and effectively tested your trading strategies and know why your trading system succeeded in the past and is still going good.

It means that you are well versed in all the technology and ideas that your system requires in order to function with accuracy. It means being aware of your goals and objectives and how trading will help to fulfill them. It means understanding yourself and the way your personality will influence your results.

For succeeding as a Foreign Exchange trader, you certainly require to be an expert who knows how the dots are all connected, when it is broken and how it can be improved. This takes dedication, hard work and more commitment.

Dealing with Losses

A basic rule of Forex trading is to make your losses as little as possible. With minor losses, you can survive those times when the market moves against your interests, and be well placed for when the trend turns around. The one established method to accomplish the goal of making your losses small is setting your maximum loss well before you open a Forex trading position.

The maximum loss is the highest amount of capital that you are comfortable losing on any single trade. If your maximum loss is set as a little portion of your Forex trading effort, a few losses won’t prevent you from trading for any particular period. Unlike majority of the Forex traders who lose money because they haven’t applied smart money management schemes to their trading system, you will be safe with this money management technique.

For example, if I had a trading float of $2000, and I started trading with $200 a trade, it would be sensible for me to suffer three losses continuously. This would bring down my Forex trading capital to $800. It would then be decided that they are going to bet $400 on the following trade for the reason that they think they have a better chance of winning after having lost three times in a row. If that trader did bet $200 on the following trade since they thought they were going to win, their capital could be cut down to $500 dollars. The possibilities of making money now, are in effect nil, as I would need to make 150% on the succeeding trade just to break even. If the maximum loss had been decided, and stuck to, they would not be in this state.

In this case, the reason for failure was that the trader risked too much money, and didn’t employ good money management. The idea here is to make our losses as little as possible while also ensuring that we open a large enough position to capitalize on profits and minimize losses. With your money management rules in place in your Forex trading scheme, that will always be possible.

Conclusion

Investing in Forex is one of the best investment options available. Although risk is certainly involved, there is a tremendous opportunity to gain huge profits relative to the initial capital invested. Currency trading supports trade between nations in today's worldwide marketplace. The major participants of the Forex market buy and sell in single deals that often run in to millions of dollars. On the other hand, smaller participants like individual brokers and brokerage houses trade in single deals that comprise of as little as one hundred thousand dollars.

Now a days individual traders have the opportunity to join the Forex market, provided they take time to learn everything they should know of the currency markets and have some capital to invest. You can prosper in Forex trading by earning a very good income from your venture when you do it online. As pointed out earlier, you cannot trade on your own and will require a broker who will allow you to open an account online and start trading with anywhere between $250 and $1,000.

The greatest advantage of Forex trading is that it is the most liquid market that is free from paper works and commission payments which we consider as difficulties associated with other forms of trading. However, Forex is highly a technical market that should be tried only after learning the basic principles that make up currency trading and attaining competence in the application of some of the Forex trading tools.

With a little time and effort you can very easily acquire enough knowledge of the Forex markets to start earning money online and off, and sooner or later, you will be delighted at how quickly you became a master in the field.

Don’t Take Chances…
Why trade through a broker when you can trade through a bank.

Varengold Bank AG. Of Hamburg Germany
www.Varengold.de

Varengold Bank FX was founded by members with over 20 years of financial services industry experience. Varengold Bank FX is a Publicly Traded Company Foreign Exchange market maker firm headquartered in Hamburg, Germany and with sales offices currently located in USA and China with plans of expansion into Europe, Middle East, Russia and Asia. Varengold Bank FX provides a superior level of service to retail and institutional customers to sustain long-term relationships that will enable us to respond more efficiently and proactively to their changing needs. Varengold Bank FX’s goal is to provide our customers with the very best trade execution and service in the FX Industry. In order to meeting our goals, Varengold Bank FX employs three strategies that are the backbone to our success. Customer Service, Safeguard and Execution.
http://www.varengoldbankfx.com/

Varengold Bank FX

2008-03-31T23:07:00.000-07:00

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2008-03-31T22:18:00.000-07:00

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