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What is Forex? 2008-04-27 17:33:00 FOREX - the foreign exchange market or currency market or Forex
is the market where one currency is traded for another. It is one of the largest markets in the world. Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates. In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows
Technical Analysis by Currency Traders 2008-04-27 17:17:00 Technical analysis is a method used by currency traders to predict price movements and future market trends by studying what has occurred in the past using charts. Technical analysis is concerned with what has actually happened in the market, rather than what should happen, and takes into account the price of instruments and the volume of trading, and creates charts from that data as a primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously.Technical analysis is built on three essential principles :Market action discounts everything! This means that the actual price is a reflection of everything that is known to the market that could affect it. Some of these factors are : fundamentals (inflation, int Read more:Technical
, Analysis
, Currency
Fundamental Analysis: What Is It? 2008-04-27 17:08:00 In this section we are going to review the basics of fundamental analysis, examine how it can be broken down into quantitative and qualitative factors, introduce the subject of intrinsic value and conclude with some of the downfalls of using this technique. The Very Basics When talking about stocks, fundamental analysis is a technique that attempts to determine a security’s value by focusing on underlying factors that affect a company's actual business and its future prospects. On a broader scope, you can perform fundamental analysis on industries or the economy as a whole. The term simply refers to the analysis of the economic well-being of a financial entity as opposed to only its price movements. Fundamental
analysis serves to answer questions, such as : Is the company’s revenue gro Read more:Analysis
Forex Calculating Profit & Order Type 2008-04-27 16:46:00 As we have specified in earlier page, in order to calculate the pip value or how much is one pip, you have to know some additional information such as: trading size (how many lots), leverage used, and the actual rate of the pair for which you want to calculate the pip value.Calculation Formula for currencies with USD as quote currency (or X/USD such as EUR/USD, GBP/USD, and AUD/USD) (Selling Price - Buying Price) x lot size x number of lots = Profit / Loss Example : Buy 3 standard lots EUR/USD at 1.2000Sell (liquid) 3 lots EUR/USD at 1.2010Profit = (1.2010 - 1.2000) x 100.000 x 3 = $300Sell 1 standard lot GBP/USD at 2.0001Buy (liquid) 1 lot GBP/USD at 2.0000Profit = (1.2001 - 1.2000) x 100.000 x 1 = $10 Simple method :As you can see from example number 1 and 2, for every standard lot (100K Read more:Forex
, Order
Popular Technical Analysis Tools 2008-04-27 16:36:00 Technical Analysis
is probably the most common and successful method of making trading decisions and analyzing forex and commodities markets. Technical analysis differs from fundamental analysis in that technical analysis is applied only to the price action of the market, ignoring fundamental factors. As fundamental data can often provide only a long-term or "delayed" forecast of exchange rate movements, technical analysis has become the primary tool with which to successfully trade shorter-term price movements, and to set stop loss and profit targets.Technical analysis consists primarily of a variety of technical studies, each of which can be interpreted to generate buy and sell decisions or to predict market direction. Support and Resistance Levels One use of technical analysis, apart fr Read more:Technical
, Tools
Forex Strategy - Creating Profitable Forex Trading Systems 2008-04-27 16:27:00 Creating ProfitableForexTradingSystems
in Five Easy StepsOne rule of thumb that every aspiring entrepreneur should remember is that to make huge profits, you should know how to do it by yourself—and not rely on other’s efforts. Being independent from other people will help you determine what things are best for your business. Such rule applies on all types of investments, including foreign currency trading, or mostly known as Forex trading. It cannot be denied that Forex is the largest existing market around the world, which is estimated to have an excess of 2 trillion U.S. dollars worth of foreign currencies are traded each day. It is larger than the magnitude of the New York Stock Exchange, which is approximately 50 billion U.S. dollars. Thus, Forex market exceeds all combined equ Read more:Strategy
, Creating
, Forex Trading
Fundamental Analysis - Good News for the Dollar 2008-04-27 16:22:00 Over the past six months it seems like almost every major finance magazine has published an article related to the weakness of the dollar. If you are a currency trader like I am then this topic is particularly relevant to you because you need to know what the long-term trends of each currency are so that you can make profitable trades.What you probably have not been reading about in the news are some of the events that have been happening behind the scenes or that will be happening in the near future, and why the American economy will ultimately regain its strength.The single most significant factor affecting the American dollar is the trade balance, and the biggest portion of this problem is related to our war in the Middle East that should never have been authorized, yet is still costing Read more:Analysis
, Fundamental
, Dollar
, Good News
Trading With Strategy 2008-04-27 16:04:00 Trading successfully is by no means a simple matter. It requires time, market knowledge and market understanding and a large amount of self restraint. ACM does not manage accounts, nor does it give market advice, that is the job of money managers and introducing brokers.As market professionals, we can however point the novice in the right direction and indicate what are correct trading tactics and considerations and what is total nonsense.Anyone who says you can consistently make money in foreign exchange markets is being untruthful.Foreign exchange by nature, is a volatile market. The practice of trading it by way of margin increases that volatility exponentially. We are therefore talking about a very 'fast market' which is naturally inconsistent. Following that precept, it is logical to Read more:Strategy
, Trading
The Basics of Trading Forex 2008-04-27 15:47:00 By Charles NashTrading
forex is a huge business where over three trillion dollars are traded each day. This is a huge market for people to get into. The problem is that most people that get involved end up losing money. There is a small minority of people that end up making all the profits. The reason is that they have the underlining strategies of this business.The first thing you need to do is set a simple rule for yourself. You're not going to be led down the road of emotion, speculation and feelings with trading. This is the fastest way to lose all your money because it turns a business into a game of roulette. Emotion is the enemy in this business. The proper way to conduct yourself is in a cold calculated way. You should be able to look at numbers and come up with risk and probabilit Read more:Forex
, Basics
Forex Trading Education 2008-04-27 15:38:00 Forex TradingEducation
Helps Traders in Achieving SuccessAn individual who wants to become successful in forex trading should learn and understand the basics. There are many traders who lost a great amount of money in forex trading. It is because they are not properly educated about forex trading and its processes. So, to survive in the forex trading markets, it is imperative that future traders should have a forex trading education.Forex trading can be the best way to earn huge amounts of money. However, those traders who seriously studied the forex market conditions can be able to achieve success. Proper education enables them to learn different market strategies. Remember, forex trading markets are the largest market in the world where instantaneous exchange happens. It is always a cha Read more:Forex
, Forex Trading
Finding Big Profits with Online Forex Trading 2008-04-27 15:03:00 By Cindy TeruyaInvestors want to see a huge return on any investment that they make. With Forex
online trading, investors can receive the significant profits on a small outlay. Forex trading requires investors to learn some simple terminology that will help to make their Forex, or foreign exchange, trading much better and easier.With Forex online trading, the investor stays up to date on the latest news, and on the investments that will turn the biggest profits. Forex trading can be done in the comfort of the investor's own home, and at a time of his or her own choosing. Forex trading on the Internet is a great way to invest money and build a financial future.Forex online trading services are an excellent way for an investor to get support, advice, and information. Many investors find that Read more:Trading
, Online Forex
Marketiva Streamster Application 2008-04-27 14:36:00 Simple Easy to use and understand even if you are a beginner Streamster™ trading software gives you the best trading experience available! Arrange trading windows according to your preference, set advanced options, and much more...You only need 5 minutes to open your account - and it's free! Advanced Personalized ChartingThe most sophisticated and easy-to-use charting tool with built-in advanced technical indicators. You can trade, view and modify open positions - directly on your charts Modify parameters of technical indicators in real-time and see how they appear immediatelyBuild your chart collection by adding your saved chart configurations. News, Chat, Alerts and Support Read real-time economic news and forecasts about global economy and markets. Get alerts narrated aloud prior to m Read more:Marketiva
, Application
Start Trading Forex With Marketiva 2008-04-27 14:13:00 Marketiva is a financial services corporation specialized in providing traders with high quality online spot forex trading services. With a team of dedicated financial specialists and technical support personnel, Marketiva operates globally as a market maker and principal counterparty to retail clients trading in the foreign exchange market. Marketiva has established itself as an industry leader by relying on its groundbreaking internet trading platform and its superior customer service.I recomend you to join Marketiva for your trading forex partner. By signing Marketiva, you will be rewarded free $5 (real money) to trade in live trading and $10.000 for virtual trading that you can use to exercise your initial trading.. In Marketiva you will also be supported by marketiva team for 24 hours Read more:Forex
, Trading
, Marketiva
, Start
Trading Strategies to help you with Forex 2008-04-27 14:00:00 by Carl AbbiTo play in the world's largest financial market you need to be well educated and have experience. To succeed in the forex market you will need commitment, discipline and patience. Many buyers and sellers like the fact that this market is all about free competition and free from external control. Everyday a couple of trillion dollars worth of transactions take place in this foreign exchange market which happen in a 24 hour period.In the forex market, trading successfully is not at all easy. You need have time, market understanding, knowledge and a lot of self restraint. There is no consistency in this fast market. In order to be a successful trader, you have to understand technical and fundamental data and your decisions will be based on your perception of market sentiment. Even Read more:Forex
, Trading
, Strategies
Psychology of Trading Strategy (Psycho-Strategy) 2008-04-30 19:51:00 What’s the Psychology of TradingStrategy
(Psycho-Strategy)?I’m sure you understand that the Psycho-strategy is a mere metaphor, however we are going to use the same Forex terminology to describe our hypothetical strategy.The Psycho-strategy is the mind frame you have to set your mind to if you want to make constantly profit in the world of Forex. It’s the way you have to think and feel in the three stages of the trade; before opening a trade, while the trade is running and after closing the trade.The first thing I have to advice you before reading this article is that you have to to believe that using the Psycho-strategy is not less important than using your technical and fundamental strategies if not important! if you can’t totally believe that I recommend you to skip this articl Read more:Trading Strategy