MetaTrader 4 Forex Brokers — a list of Forex brokerage firms that support MetaTrader 4 Forex trading software as their trading platform.
PayPal Forex Brokers — a list of Forex brokers accepting PayPal on-line payment system as a way to deposit/withdraw money to/from customers' accounts.
WebMoney Forex Brokers — a list of Forex brokers that accept WebMoney e-currency system as the fast deposit/witdhrawal method, offering high security combined with the fast transfers.
Muslim Friendly Forex Brokers — a list of Forex brokers that try to be friendly to Muslim Forex traders offering "no-interest" margin accounts.
Forex Brokers with Web Based Platform — a list of Forex brokers that fully support Forex trading without installing any trading software.
Forex Brokers with Advanced Trading Platform — a list of Forex brokers with unique and powerful Forex trading software.
Institutional Forex Brokers — a list of on-line Forex brokers that are backed by strong and respected off-line financial companies.
Forex Brokers with CFD Trading — a list of Forex broker companies that allow their traders to trade not only Forex, but also CFDs (Contracts for Difference).
ECN Forex Brokers — a list of on-line Forex brokers that act as ECNs (Electronic Communication Network) offering Forex traders highly competitive spreads.
Moneybookers Forex Brokers — a list of Forex brokers that accept Moneybookers electronic payment system as for trading funds transfers.
e-gold Forex Brokers — a list of Forex brokers that accept e-gold payment system as the method of depositing/withdrawing funds to/from the trading accounts.
All Forex Brokers — a detailed list of all on-line Forex brokers with descriptions without breaking down into specific categories. A rather large list.
Wednesday, January 14, 2009
19. Forex Dictionary
Base currency
This is the first currency of a currency pair. Example : EUR/USD. The Euro is the base currency. For every trade, you always buy or sell the base currency.
Broker
This is the company that will provide you the forex trading service. You open and fund an account and start to trade. Each broker has its own prices, spreads, minimum requirements (amount of money to start trading). Brokers generally offer a demo account and also have some training programs. See a list of Forex Brokers we recommend.
Exchange rate
The exchange rate tells how much a currency is worth in terms of another currency. Example In the pair EUR/USD, the exchange rate is 1.30. This means 1 euro (base currency) is worth $1.30. SO you can buy $1 .30 dollar with 1 euro, or sell 1 euro for $1.30.
Leverage
This is what allow small investors to trade big lots. Forex brokers have leverage of 100:1 or 200:1. This means you can use $100 to trade $10,000 (100x100) or $20,000 (100x200). The leverage depends of the broker.
Lot
Forex is traded in lots, because a pip is a too small amount of money if you could only trade with $1. You can't trade forex with only $1. The standard lot size is $100,000, the mini lot size is $10,000. Brokers now also let you trade smaller lots. To understand pips and lots see our article : Forex profits - pips and lots.
Quote currency
This is the second currency in a currency pair. In the EUR/USD pair, the US Dollar is the quote currency. Quote currency is also called counter currency.
Pip
Pip stands for percentage in points. This is the last decimal point and minimum increment you can see on a quote. Example : 1.1230. Here 0 is the last decimal point, if the price increases to 1.1235, this is 5 pips more. You will look at the pips to know if you are earning or losing money. To understand pips and lots see our article : Forex profits - pips and lots.
Position
A position can be "long" or "short". Long specifies a trade where you buy and hope the price goes up. Short specifies a trade where you sell and expect the price go down.
Signal
Signals are alerts that help traders. Signals are sent by signals providers or your broker. Signals are sent by email, sms or directly to your trading platform (software). Signals generally include the entry and exit points for a pair at a specific time of the day.
Spread
The Ask/Bid spread is the different between the ask (buy) and bid (sell) price. The spread is given in pips.
This is the first currency of a currency pair. Example : EUR/USD. The Euro is the base currency. For every trade, you always buy or sell the base currency.
Broker
This is the company that will provide you the forex trading service. You open and fund an account and start to trade. Each broker has its own prices, spreads, minimum requirements (amount of money to start trading). Brokers generally offer a demo account and also have some training programs. See a list of Forex Brokers we recommend.
Exchange rate
The exchange rate tells how much a currency is worth in terms of another currency. Example In the pair EUR/USD, the exchange rate is 1.30. This means 1 euro (base currency) is worth $1.30. SO you can buy $1 .30 dollar with 1 euro, or sell 1 euro for $1.30.
Leverage
This is what allow small investors to trade big lots. Forex brokers have leverage of 100:1 or 200:1. This means you can use $100 to trade $10,000 (100x100) or $20,000 (100x200). The leverage depends of the broker.
Lot
Forex is traded in lots, because a pip is a too small amount of money if you could only trade with $1. You can't trade forex with only $1. The standard lot size is $100,000, the mini lot size is $10,000. Brokers now also let you trade smaller lots. To understand pips and lots see our article : Forex profits - pips and lots.
Quote currency
This is the second currency in a currency pair. In the EUR/USD pair, the US Dollar is the quote currency. Quote currency is also called counter currency.
Pip
Pip stands for percentage in points. This is the last decimal point and minimum increment you can see on a quote. Example : 1.1230. Here 0 is the last decimal point, if the price increases to 1.1235, this is 5 pips more. You will look at the pips to know if you are earning or losing money. To understand pips and lots see our article : Forex profits - pips and lots.
Position
A position can be "long" or "short". Long specifies a trade where you buy and hope the price goes up. Short specifies a trade where you sell and expect the price go down.
Signal
Signals are alerts that help traders. Signals are sent by signals providers or your broker. Signals are sent by email, sms or directly to your trading platform (software). Signals generally include the entry and exit points for a pair at a specific time of the day.
Spread
The Ask/Bid spread is the different between the ask (buy) and bid (sell) price. The spread is given in pips.
18. Forex Demo
My second recommendation is to practice a lot. Your forex broker will let you open a free demo forex account and you will trade the real time forex market. Of course this is not real money. I suggest you practice for 3-6 monthes before starting trading forex with your own money in a live account.
You need to know that forex brokers requires a minimal investment to open a forex live account. Marketiva, will let you open a free $10,000 practice account and gives you $5 to trade live.
If you really want to become a forex trader and from your home, you must be patient. Learn to manage risk and practice currency trading a lot with a demo account.
You need to know that forex brokers requires a minimal investment to open a forex live account. Marketiva, will let you open a free $10,000 practice account and gives you $5 to trade live.
If you really want to become a forex trader and from your home, you must be patient. Learn to manage risk and practice currency trading a lot with a demo account.
17. Managed Forex Accounts
If you have enough money, you can sign up for a managed forex account. These accounts generally require at least $10,000, sometimes more, to be opened. Here you ask your Forex broker to manage the funds for you. The forex broker will ask his forex traders to do the work. So your funds are in the hands of professionnal traders. Risks are really lowered and you don't need to stay at your computer to fight with forex charts. Of course the forex broker will take a percentage (about 20%) of the net profit made.
This is a high percentage, but a little example : you invested $10,000 and the forex trader who manages your money makes 10% ($1,000) profit a month. He takes 20% ($200) of the profit. You still earned $800.
This is a high percentage, but a little example : you invested $10,000 and the forex trader who manages your money makes 10% ($1,000) profit a month. He takes 20% ($200) of the profit. You still earned $800.
16. Automated Forex Trading
Some forex brokers offer forex autotrading services. You fund your account and choose the pair you want to trade. Then their software receive signals and trade automatically. If your forex broker doesn't offer this option, you can find a software and setup it to autotrade
You will have to add files to called "expert advisors". Nothing difficult, once your trading software is installed, just copy the expert advisor file in the indicated folder. You then can activate the expert advisor and let the trading automated.
You will have to add files to called "expert advisors". Nothing difficult, once your trading software is installed, just copy the expert advisor file in the indicated folder. You then can activate the expert advisor and let the trading automated.
15. Great Britain Pound
Pound Down vs. Euro, Dollar, Yen
Great Britain poundThe British pound fell against the other major currencies today, most notably against the euro, as the market participant expect that the Bank of England will continue reducing the interest rates for the U.K. banks.
Euro Near Weekly Lows before Rate Decision
European Central BankThe euro declined today against the U.S. dollar, almost snapping the yesterday’s gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies.
Pound Loses for Third Day Despite Correction
Great Britain poundThe U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs, as the traders expect a major rate cut by the Bank of England.
British Pound Declines before GDP Report
Great Britain poundThe British pound fell today against the U.S. dollar and the yen, following the three days of growth, as the traders expect the GDP report to confirm a decline of the economy today.
Pound Stops Below $1.5 as Recession Blooms
Great Britain poundThe Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its worst in Europe and the U.S. rescue plans changed.
Pound Declines on the Lowest Home Sales
Great Britain poundThe Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed the lowest level in the last 30 years.
Banks Slash Rates; Pound, Euro, Franc Drop
European Central BankThe Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Pound Gains on Stock Market Optimism
Great Britain poundThe Great Britain pound gained today against the other major currencies as the growth on the global stock markets spurred optimism and the high-yielding pound showed a stronger reaction to this uprise.
Pound Slides on King’s Recession Outlook
Great Britain poundThe Great Britain pound dropped to the lowest rates in several years against the dollar and the yen and the weekly low against the euro today after the BoE Governor Mervyn King said that the recession is very likely due to the worst banking crisis since World War I.
Pound Falls vs. Euro After Jobless Report
Great Britain poundThe Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoE’s minutes and the jobless claims report in the United Kingdom today.
Great Britain poundThe British pound fell against the other major currencies today, most notably against the euro, as the market participant expect that the Bank of England will continue reducing the interest rates for the U.K. banks.
Euro Near Weekly Lows before Rate Decision
European Central BankThe euro declined today against the U.S. dollar, almost snapping the yesterday’s gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies.
Pound Loses for Third Day Despite Correction
Great Britain poundThe U.K. pound continued to fall against the U.S. dollar and the Japanese yen today, despite the correction seen in some other dollar- and yen-based currency pairs, as the traders expect a major rate cut by the Bank of England.
British Pound Declines before GDP Report
Great Britain poundThe British pound fell today against the U.S. dollar and the yen, following the three days of growth, as the traders expect the GDP report to confirm a decline of the economy today.
Pound Stops Below $1.5 as Recession Blooms
Great Britain poundThe Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its worst in Europe and the U.S. rescue plans changed.
Pound Declines on the Lowest Home Sales
Great Britain poundThe Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed the lowest level in the last 30 years.
Banks Slash Rates; Pound, Euro, Franc Drop
European Central BankThe Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Pound Gains on Stock Market Optimism
Great Britain poundThe Great Britain pound gained today against the other major currencies as the growth on the global stock markets spurred optimism and the high-yielding pound showed a stronger reaction to this uprise.
Pound Slides on King’s Recession Outlook
Great Britain poundThe Great Britain pound dropped to the lowest rates in several years against the dollar and the yen and the weekly low against the euro today after the BoE Governor Mervyn King said that the recession is very likely due to the worst banking crisis since World War I.
Pound Falls vs. Euro After Jobless Report
Great Britain poundThe Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoE’s minutes and the jobless claims report in the United Kingdom today.
14. Economics Indicators
Canadian Dollar Dips On Bada Statistics
Yesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released.
Fed’s Projections - Uncertain
Federal Reserve’s FOMC published its first meeting minutes to include the 3-year projections of the committee members regarding the GDP growth, consumer prices inflation and unemployment rate. While the average projection expectations didn’t differ greatly (except for the year 2008) from this year’s results, the uncertainty of the inflation projections spoke for itself - Fed is unsure of the impact the interest rates manipulations will have on the consumer prices growth.
EUR/USD on Record High
As the Forex traders wait for today’s housing data release, EUR/USD reached its new historical maximum at 1.4778. With just a little trailing back it continues to hover around 1.4770 level ready to strike again to probable 1.4800 level.
Yesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released.
Fed’s Projections - Uncertain
Federal Reserve’s FOMC published its first meeting minutes to include the 3-year projections of the committee members regarding the GDP growth, consumer prices inflation and unemployment rate. While the average projection expectations didn’t differ greatly (except for the year 2008) from this year’s results, the uncertainty of the inflation projections spoke for itself - Fed is unsure of the impact the interest rates manipulations will have on the consumer prices growth.
EUR/USD on Record High
As the Forex traders wait for today’s housing data release, EUR/USD reached its new historical maximum at 1.4778. With just a little trailing back it continues to hover around 1.4770 level ready to strike again to probable 1.4800 level.
13.Euro Declines on Dovish ECB Expectations
The euro declined against the U.S. dollar and the Japanese yen today after opening with a rather large negative weekly gap against these currencies as the traders expect that ECB will continue rate reduction this week.
The European currency fell to the one-month lowest against they yen and the weakest level since January 6 against the dollar. The currency analysts and Forex traders expect that the European Central Bank will cut its main interest rate to the lowest level since 2005 on its next meeting this Thursday — January 15. The today’s decline in the Asian stock markets also helped the yen to grow against the euro as the investors ran away from the carry trade.
Apart from the ECB rate decision, this week will feature some important macroeconomic reports from the world-leading economies. Analysts expect these reports to show the further worsening of the overall situation that will spur the risk-aversion and inevitably push the yen and the dollar up against the euro. If the ECB’s cut will exceed 50 basis points, euro may fall significantly faster than the markets are showing currently.
The European currency fell to the one-month lowest against they yen and the weakest level since January 6 against the dollar. The currency analysts and Forex traders expect that the European Central Bank will cut its main interest rate to the lowest level since 2005 on its next meeting this Thursday — January 15. The today’s decline in the Asian stock markets also helped the yen to grow against the euro as the investors ran away from the carry trade.
Apart from the ECB rate decision, this week will feature some important macroeconomic reports from the world-leading economies. Analysts expect these reports to show the further worsening of the overall situation that will spur the risk-aversion and inevitably push the yen and the dollar up against the euro. If the ECB’s cut will exceed 50 basis points, euro may fall significantly faster than the markets are showing currently.
12. NZD Drops as Credit Rating Outlook Revised
The New Zealand dollar dropped to the monthly low against the U.S. dollar today as the S&P rating agency revised the country’s foreign currency credit rating outlook from stable to negative.
Standard & Poor’s, one of the world’s leading credit rating agencies, confirmed New Zealand’s AA+ foreign currency credit rating and revised its outlook to negative yesterday. The country’s currency reacted with a drop as the confidence in the national economy and the ability of the business to get the refinancing declined significantly after the aforementioned event.
The kiwi (a nickname, by which the New Zealand dollar is known) also fell sharply against the Japanese yen and the Australian dollar. The decline against the latter signals that the current bearish trend is caused almost solely by the credit rating outlook change and has little to do with the currently popular carry trade unwinding.
Analysts point at the New Zealand dollar as one of the clear Forex outsiders. Its position is worse than the one of the Australian dollar and, while those two are closely related (both Australia and New Zealand are export-orientated economies), the AUD/NZD becomes an attractive investment opportunity today.
NZD/USD fell from 0.5730 to 0.5563 as of 8:38 GMT today with the daily low at 0.5556 — the minimum level since December 16. NZD/JPY declined from 51.19 to 49.39, while AUD/NZD rose from 1.1853 to 1.2086 today.
Standard & Poor’s, one of the world’s leading credit rating agencies, confirmed New Zealand’s AA+ foreign currency credit rating and revised its outlook to negative yesterday. The country’s currency reacted with a drop as the confidence in the national economy and the ability of the business to get the refinancing declined significantly after the aforementioned event.
The kiwi (a nickname, by which the New Zealand dollar is known) also fell sharply against the Japanese yen and the Australian dollar. The decline against the latter signals that the current bearish trend is caused almost solely by the credit rating outlook change and has little to do with the currently popular carry trade unwinding.
Analysts point at the New Zealand dollar as one of the clear Forex outsiders. Its position is worse than the one of the Australian dollar and, while those two are closely related (both Australia and New Zealand are export-orientated economies), the AUD/NZD becomes an attractive investment opportunity today.
NZD/USD fell from 0.5730 to 0.5563 as of 8:38 GMT today with the daily low at 0.5556 — the minimum level since December 16. NZD/JPY declined from 51.19 to 49.39, while AUD/NZD rose from 1.1853 to 1.2086 today.
11. Euro
Euro Declines on Dovish ECB Expectations
The euro declined against the U.S. dollar and the Japanese yen today after opening with a rather large negative weekly gap against these currencies as the traders expect that ECB will continue rate reduction this week.
Euro at 3-Week Low vs. Dollar on Low Inflation
The European single currency bottomed near the 3-week low against the U.S. dollar and significantly fell against the Japanese yen and the British pound today as the investors expect further rate cuts from the European Central Bank.
Euro Near Weekly Lows before Rate Decision
The euro declined today against the U.S. dollar, almost snapping the yesterday’s gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies.
Banks Slash Rates; Pound, Euro, Franc Drop
The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Bank Guarantees Help Euro to Rise
The European currency rose today at the highest rate in the last three weeks against the U.S. dollar after the European leaders pledged to guarantee bank borrowings.
Euro at 2-Year Low on Europe’s Credit Crunch
The European currency fell to the lowest level in the last two years against the Japanese yen and the weakest level in more than 13 months against the U.S. dollar today as the credit crisis urged Eurozone’s governments to pledge a help to the troubled financial institutions.
Euro May Fall against Dollar on Paulson’s Plan
Friday, September 26th, 2008
The bet on the euro short positions may increase in the following months as the Paulson’s rescue plan may pull out the U.S. financial system from the crisis, while the Eurozone’s economy will be in recession.
Euro Rose on ECB Rate Signals
The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the ECB policy makers signaled yesterday that there won’t be any rate cuts in the Eurozone soon.
Euro Drops to 5-Month Low on Rate Outlook
The euro fell to its five-month lowest level against the U.S. dollar as the investors traded on the high probability that the ECB won’t be raising interest rate as the economy is slowing.
Euro Grows, ECB May Signal Inflation Risk
The euro rose today against the U.S. dollar and other major currencies on Forex after a quite deep decline that was observed yesterday, as the traders expect ECB President Jean-Claude Trichet to signal uprising inflation risks on the next meeting of the Governing Council.
The euro declined against the U.S. dollar and the Japanese yen today after opening with a rather large negative weekly gap against these currencies as the traders expect that ECB will continue rate reduction this week.
Euro at 3-Week Low vs. Dollar on Low Inflation
The European single currency bottomed near the 3-week low against the U.S. dollar and significantly fell against the Japanese yen and the British pound today as the investors expect further rate cuts from the European Central Bank.
Euro Near Weekly Lows before Rate Decision
The euro declined today against the U.S. dollar, almost snapping the yesterday’s gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies.
Banks Slash Rates; Pound, Euro, Franc Drop
The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Bank Guarantees Help Euro to Rise
The European currency rose today at the highest rate in the last three weeks against the U.S. dollar after the European leaders pledged to guarantee bank borrowings.
Euro at 2-Year Low on Europe’s Credit Crunch
The European currency fell to the lowest level in the last two years against the Japanese yen and the weakest level in more than 13 months against the U.S. dollar today as the credit crisis urged Eurozone’s governments to pledge a help to the troubled financial institutions.
Euro May Fall against Dollar on Paulson’s Plan
Friday, September 26th, 2008
The bet on the euro short positions may increase in the following months as the Paulson’s rescue plan may pull out the U.S. financial system from the crisis, while the Eurozone’s economy will be in recession.
Euro Rose on ECB Rate Signals
The euro rose today against the dollar and yen for the second day and for the third day against the Great Britain pound after the ECB policy makers signaled yesterday that there won’t be any rate cuts in the Eurozone soon.
Euro Drops to 5-Month Low on Rate Outlook
The euro fell to its five-month lowest level against the U.S. dollar as the investors traded on the high probability that the ECB won’t be raising interest rate as the economy is slowing.
Euro Grows, ECB May Signal Inflation Risk
The euro rose today against the U.S. dollar and other major currencies on Forex after a quite deep decline that was observed yesterday, as the traders expect ECB President Jean-Claude Trichet to signal uprising inflation risks on the next meeting of the Governing Council.
10. Chinese Yuan
Chinese Yuan Depreciates to July’s Levels
The Chinese yuan fell to the weakest level since August today as the country’s government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary.
Yuan Reaches Post-Peg Peak Against Dollar
The Chinese yuan rose today to its new highest level against the dollar as the Forex traders reacted on the U.S. bank-rescue plan of dumping $700 billion into the economy that will hurt some important macroeconomic statistics and increase the supply of dollars.
Chinese Yuan May Slowdown on Lower CPI
The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the currency’s appreciation rate as the inflation returns to its normal values.
China’s Yuan Heads for 4th Weekly Loss
The Chinese yuan is currently heading for its fourth weekly decline against the U.S. dollar for the first time since the end of the peg to dollar in 2005.
Yuan Falls as China to Control Money Inflow
The Chinese yuan fell against the U.S. dollar for the third day this week as the government tightened control over the illegal capital inflow into the country’s financial system.
Yuan Declines for a First Time since Monday
The Chinese yuan showed the first declining day since Monday on Forex today as the traders were driven by the speculations that the government will let national currency weaken slightly to support exporters.
Chinese Yuan at New High vs. Dollar
The Chinese yuan continued its general appreciation trend today and rose against the U.S. dollar and other major currencies as the traders believed that the central bank will continue to use stronger yuan in its anti-inflation policy.
Yuan Appreciates beyond 6.9 per Dollar
The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S. and Chinese financial officials will be held soon.
Yuan at Highest Level since End of Peg
The Chinese yuan rose to the highest rate against the U.S. dollar since the scrapping of the peg in 2005 as the investors expected China to quicken yuan gains in order to cut the inflation growth.
Chinese Yuan Rose on Dollar’s Decline
The Chinese yuan continued its record breaking growth against the U.S. dollar after a month-long pause today and rose to a new maximum level since the scrapping of the yuan-dollar peg in 2005.
The Chinese yuan fell to the weakest level since August today as the country’s government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary.
Yuan Reaches Post-Peg Peak Against Dollar
The Chinese yuan rose today to its new highest level against the dollar as the Forex traders reacted on the U.S. bank-rescue plan of dumping $700 billion into the economy that will hurt some important macroeconomic statistics and increase the supply of dollars.
Chinese Yuan May Slowdown on Lower CPI
The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the currency’s appreciation rate as the inflation returns to its normal values.
China’s Yuan Heads for 4th Weekly Loss
The Chinese yuan is currently heading for its fourth weekly decline against the U.S. dollar for the first time since the end of the peg to dollar in 2005.
Yuan Falls as China to Control Money Inflow
The Chinese yuan fell against the U.S. dollar for the third day this week as the government tightened control over the illegal capital inflow into the country’s financial system.
Yuan Declines for a First Time since Monday
The Chinese yuan showed the first declining day since Monday on Forex today as the traders were driven by the speculations that the government will let national currency weaken slightly to support exporters.
Chinese Yuan at New High vs. Dollar
The Chinese yuan continued its general appreciation trend today and rose against the U.S. dollar and other major currencies as the traders believed that the central bank will continue to use stronger yuan in its anti-inflation policy.
Yuan Appreciates beyond 6.9 per Dollar
The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S. and Chinese financial officials will be held soon.
Yuan at Highest Level since End of Peg
The Chinese yuan rose to the highest rate against the U.S. dollar since the scrapping of the peg in 2005 as the investors expected China to quicken yuan gains in order to cut the inflation growth.
Chinese Yuan Rose on Dollar’s Decline
The Chinese yuan continued its record breaking growth against the U.S. dollar after a month-long pause today and rose to a new maximum level since the scrapping of the yuan-dollar peg in 2005.
9. Canadian Dollar
Canadian Dollar Rises as Oil Shows Strength
The Canadian dollar rose against the 3 other major currencies today, completely reversing the daily trend, as the oil and commodity markets become more attractive after the holidays.
Canadian Dollar Declines for Fourth Day
The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally.
Canadian Dollar Slid This Week as Oil Declined
The Canadian dollar declined against the U.S. dollar for the second week in a row as the oil and commodities prices continued to drop on the worsening global economy outlook.
CAD Weakest since March 2007 on Oil Slump
The Canadian dollar fell to the weakest level against the U.S. dollar in more than 18 months after crude oil and commodity prices fell significantly on speculation that the global demand will decline.
CAD Loses on U.S. Economy Slowdown
The Canadian dollar continued its strong bearish trend today against the U.S. dollar as the currency traders began to realize that the commodity prices won’t hold up if the world’s biggest economy will continue to cool down.
CAD Down before Central Bank Meeting
The Canadian dollar was falling slightly yesterday and today against the other world currencies as the traders expected the interest rate decision of the Bank of Canada monetary policy meeting, which is scheduled for 22nd of April.
Canadian Dollar Continues Appreciation
The Canadian dollar continued its two-day growth against the U.S. dollar and the Japanese yen today, as the commodity markets showed that are still able to grow.
Canadian Dollar Slipped Down on Risk Concerns
The Canadian dollar dropped on Forex today, mainly against the U.S. dollar and the Japanese yen, as the investors favored less commodity-dependent currencies.
CAD Grows for Second Day
The Canadian dollar continued to grow today after rising from the one month bottom in which it has been until yesterday. Oil rose to the record high levels above $100 per barrel recently adding interest to one of the largest oil-exporting economies.
Canadian Dollar Grows on Improving Conjuncture
Canadian dollar rose this week again, after its sharp turn back from the long-term growth to the depreciation against the U.S. dollar.
The Canadian dollar rose against the 3 other major currencies today, completely reversing the daily trend, as the oil and commodity markets become more attractive after the holidays.
Canadian Dollar Declines for Fourth Day
The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally.
Canadian Dollar Slid This Week as Oil Declined
The Canadian dollar declined against the U.S. dollar for the second week in a row as the oil and commodities prices continued to drop on the worsening global economy outlook.
CAD Weakest since March 2007 on Oil Slump
The Canadian dollar fell to the weakest level against the U.S. dollar in more than 18 months after crude oil and commodity prices fell significantly on speculation that the global demand will decline.
CAD Loses on U.S. Economy Slowdown
The Canadian dollar continued its strong bearish trend today against the U.S. dollar as the currency traders began to realize that the commodity prices won’t hold up if the world’s biggest economy will continue to cool down.
CAD Down before Central Bank Meeting
The Canadian dollar was falling slightly yesterday and today against the other world currencies as the traders expected the interest rate decision of the Bank of Canada monetary policy meeting, which is scheduled for 22nd of April.
Canadian Dollar Continues Appreciation
The Canadian dollar continued its two-day growth against the U.S. dollar and the Japanese yen today, as the commodity markets showed that are still able to grow.
Canadian Dollar Slipped Down on Risk Concerns
The Canadian dollar dropped on Forex today, mainly against the U.S. dollar and the Japanese yen, as the investors favored less commodity-dependent currencies.
CAD Grows for Second Day
The Canadian dollar continued to grow today after rising from the one month bottom in which it has been until yesterday. Oil rose to the record high levels above $100 per barrel recently adding interest to one of the largest oil-exporting economies.
Canadian Dollar Grows on Improving Conjuncture
Canadian dollar rose this week again, after its sharp turn back from the long-term growth to the depreciation against the U.S. dollar.
8. Singapore Dollar
Singapore Choose to Depreciate Its Currency
Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the export-producing economy.
Asian Currencies Fell on High Oil Costs
The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region.
Singapore Dollar Drops Large This Week
The Singapore currency had its worst week in a year on the Forex market, as it lost along with the other Asian currencies to the U.S. dollar, because the investors began to expect that the U.S. interest rate will unchanged rather than lowered next time.
Singapore Dollar Rises Before Fed Cut
The Singapore dollar rose today during the Asian Forex trading session as the market analysts expected the Federal Reserve of U.S. to lower the interest rate at the next meeting, widening the rates difference for these two currencies.
Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the export-producing economy.
Asian Currencies Fell on High Oil Costs
The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region.
Singapore Dollar Drops Large This Week
The Singapore currency had its worst week in a year on the Forex market, as it lost along with the other Asian currencies to the U.S. dollar, because the investors began to expect that the U.S. interest rate will unchanged rather than lowered next time.
Singapore Dollar Rises Before Fed Cut
The Singapore dollar rose today during the Asian Forex trading session as the market analysts expected the Federal Reserve of U.S. to lower the interest rate at the next meeting, widening the rates difference for these two currencies.
7. Interest Rates
Banks Slash Rates; Pound, Euro, Franc Drop
The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Bank Indonesia Raises Borrowing Costs
The Bank Indonesia increased the interest rates today for its third meeting in a row to efficiently fight the accelerating inflation caused by the growing food and oil prices.
Polish Zloty Gains for Second Week
The rising interest rates difference between the U.S. and Poland stimulated the second week of Polish zloty’s growth against the U.S. dollar.
AUD, NZD Going for 5th Daily Gain
Today both the Australian and New Zealand dollars continued their daily growth against their counterpart from the United States on willingness of the Forex traders to earn from the interest rates difference.
Bahrain, Kuwait, Saudi Arabia Cut Interest Rates
GCC states — Bahrain, Kuwait and Saudi Arabia — decided to cut their deposit rates from 3.50% to 3.00% today, following the yesterday’s interest rate cut by the Federal Reserve.
Reserve Bank of India Holds Interest Rates
The majority of Forex traders expected that the Reserve Bank of India will lower the main interest rates today to pare with recent emergency cut by the Fed and the anticipated additional interest cut at tomorrow Fed’s meeting. But Yaga Venugopal Reddy, Governor of the Reserve Bank of India, decided to leave the key interest rates at the same level.
Czech and Polish Central Banks Leave Rates Unchanged
After two other European central banks decided to hold their current interest rates, Czech and Polish banks chose to follow the same way and didn’t change their reference interest rates despite the fact that they both raised the rates at the end of November.
Swedish Riksbank Leaves Rate at 4.00%
Swedish central bank left the main interest rate unchanged at 4.00% during the meeting of the Executive Board on 18 December.
Hungarian Central Bank Holds Rate - Forint Drops
Magyar Nemzeti Bank (Hungarian Central Bank) decided today during the Monetary Council’s meeting to hold the main refinancing interest rate at the same level - 7.50%, after the last cut made from 7.75% by MNB on September 25.
Central Bank of Chile Raised Interest Rate
Yesterday Chilean central bank increased its interest rate by 0.25 basis points up to 6.0%. It was the first rate hike in Chile since September 13 this year.
The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.
Bank Indonesia Raises Borrowing Costs
The Bank Indonesia increased the interest rates today for its third meeting in a row to efficiently fight the accelerating inflation caused by the growing food and oil prices.
Polish Zloty Gains for Second Week
The rising interest rates difference between the U.S. and Poland stimulated the second week of Polish zloty’s growth against the U.S. dollar.
AUD, NZD Going for 5th Daily Gain
Today both the Australian and New Zealand dollars continued their daily growth against their counterpart from the United States on willingness of the Forex traders to earn from the interest rates difference.
Bahrain, Kuwait, Saudi Arabia Cut Interest Rates
GCC states — Bahrain, Kuwait and Saudi Arabia — decided to cut their deposit rates from 3.50% to 3.00% today, following the yesterday’s interest rate cut by the Federal Reserve.
Reserve Bank of India Holds Interest Rates
The majority of Forex traders expected that the Reserve Bank of India will lower the main interest rates today to pare with recent emergency cut by the Fed and the anticipated additional interest cut at tomorrow Fed’s meeting. But Yaga Venugopal Reddy, Governor of the Reserve Bank of India, decided to leave the key interest rates at the same level.
Czech and Polish Central Banks Leave Rates Unchanged
After two other European central banks decided to hold their current interest rates, Czech and Polish banks chose to follow the same way and didn’t change their reference interest rates despite the fact that they both raised the rates at the end of November.
Swedish Riksbank Leaves Rate at 4.00%
Swedish central bank left the main interest rate unchanged at 4.00% during the meeting of the Executive Board on 18 December.
Hungarian Central Bank Holds Rate - Forint Drops
Magyar Nemzeti Bank (Hungarian Central Bank) decided today during the Monetary Council’s meeting to hold the main refinancing interest rate at the same level - 7.50%, after the last cut made from 7.75% by MNB on September 25.
Central Bank of Chile Raised Interest Rate
Yesterday Chilean central bank increased its interest rate by 0.25 basis points up to 6.0%. It was the first rate hike in Chile since September 13 this year.
6. Australian Dollar
AUD, NZD Down on Aroused Risk Aversion
The Australian and New Zealand dollars both showed a second day of decline today on the Forex market as the stocks, commodities and the confidence in the fast recovery from the recession fell world-wide.
Aussie Reaches 2-Month High versus Dollar
The Australian dollar rose slightly against the U.S. dollar and reached a new 2-month high level today as the dollar still suffers from the near zero interest rates set yesterday by the Federal Open Market Committee.
AUD Falls on Weak Business Confidence
The Australian dollar declined today against the U.S. dollar and the Japanese yen as the country’s stock markets fell after the report on the November business confidence came out showing the record low reading for the index.
Aussie, Kiwi Rise on China’s Stimulus Plan
The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Friday’s close levels as the China said that the government will provide $586 billion of liquidity help to the national economy.
Aussie Declines After Interest Rate Cut
The Australian dollar reversed its yesterday gains versus the U.S. dollar and the yen after the Reserve Bank of Australia announced its decision to reduce the target cash rate today.
Australian Dollar Rises for the Third Day
The Australian dollar rose against the U.S. dollar and the Japanese yen for the third day today after the rate cut in U.S. and a moderate decline in the global risk-aversion.
Australian Dollar Falls on Stock and Oil Drop
The Australian dollar fell today against the Japanese yen after the U.S. stocks failed to demonstrate Monday’s growth and the Japanese Nikkei showed poor dynamics during the earlier Asian trading session.
Australian Dollar Rebounds after Rate Cut
The Australian dollar got boosted by the central bank’s decision to cut the interest rate by 1 percentage point today and recovered against the other major currencies during the Asian trading session.
Australian Dollar Has Worst Week Since 1985
The Australian dollar posted the biggest weekly loss since 1985 against the U.S. dollar this week, as the traders dumped their positions in the high interest rate currencies, while the situation with the global financial system remained uncertain.
Buy AUD for NZD Can be Next Big Trade Idea
The Australian currency may experience considerable gains against the New Zealand dollar soon as the New Zealand’s central bank showed commitment to the extreme rate cutting in the fear of recession, while Australian central bank may refrain from changing the rate for now.
The Australian and New Zealand dollars both showed a second day of decline today on the Forex market as the stocks, commodities and the confidence in the fast recovery from the recession fell world-wide.
Aussie Reaches 2-Month High versus Dollar
The Australian dollar rose slightly against the U.S. dollar and reached a new 2-month high level today as the dollar still suffers from the near zero interest rates set yesterday by the Federal Open Market Committee.
AUD Falls on Weak Business Confidence
The Australian dollar declined today against the U.S. dollar and the Japanese yen as the country’s stock markets fell after the report on the November business confidence came out showing the record low reading for the index.
Aussie, Kiwi Rise on China’s Stimulus Plan
The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Friday’s close levels as the China said that the government will provide $586 billion of liquidity help to the national economy.
Aussie Declines After Interest Rate Cut
The Australian dollar reversed its yesterday gains versus the U.S. dollar and the yen after the Reserve Bank of Australia announced its decision to reduce the target cash rate today.
Australian Dollar Rises for the Third Day
The Australian dollar rose against the U.S. dollar and the Japanese yen for the third day today after the rate cut in U.S. and a moderate decline in the global risk-aversion.
Australian Dollar Falls on Stock and Oil Drop
The Australian dollar fell today against the Japanese yen after the U.S. stocks failed to demonstrate Monday’s growth and the Japanese Nikkei showed poor dynamics during the earlier Asian trading session.
Australian Dollar Rebounds after Rate Cut
The Australian dollar got boosted by the central bank’s decision to cut the interest rate by 1 percentage point today and recovered against the other major currencies during the Asian trading session.
Australian Dollar Has Worst Week Since 1985
The Australian dollar posted the biggest weekly loss since 1985 against the U.S. dollar this week, as the traders dumped their positions in the high interest rate currencies, while the situation with the global financial system remained uncertain.
Buy AUD for NZD Can be Next Big Trade Idea
The Australian currency may experience considerable gains against the New Zealand dollar soon as the New Zealand’s central bank showed commitment to the extreme rate cutting in the fear of recession, while Australian central bank may refrain from changing the rate for now.
5. U.S.Dollar
Dollar Declines on Oil Shortage Expectations
The U.S. dollar began today’s trading session with a rather strong decline against the euro, after posting a significant gain yesterday, as the investors expect the oil prices to surge on the Middle East conflict.
Dollar Falls on Fears That Recession Deepens
The U.S. dollar declined today against the other major currencies and especially against the euro as the traders expect weak macroeconomic reports to continue coming out from the United States, showing that the world’s biggest economy is in the worst situation of all the developed countries.
Ecuador to Continue Using U.S. Dollar
The President of the Republic of Ecuador, Rafael Correa, said yesterday that the U.S. dollar will remain as the country’s main currency as the economic crisis offers harsh times for the Ecuadorian financial system.
Dollar Down before Fed Rate Deciosion
The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout of the U.S. automakers.
Dollar Near 2-Month Low vs. Euro
The U.S. dollar dropped to the weakest level during the last 6 weeks against the European currency as the world’s stock markets rallied despite the delay in the U.S. automakers bail-out.
Dollar to Post Weekly Decline against Euro
The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obama’s economic team caused the U.S. dollar to decline against the euro this week as the money risks decreased world-wide.
Dollar Falls Before Employment Report
The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show the worst contraction since 2003 today.
Dollar Uncertain Before Interest Rate Decision
The U.S. dollar traded with an alternate success against the other major currencies as the investors are uncertain before the Fed’s interest rate meeting today and the state of the global financial system.
Dollar Strengthens after Stimulus Proposal
The U.S. dollar rose today against other major currencies, except the yen, after the Federal Reserve Chairman Ben Bernanke proposed further measures to provide more liquidity and credit confidence to the U.S. economy.
USD Demand Triggers Biggest Weekly Gain
The U.S. dollar showed the biggest weekly gain ever against the euro on the Forex market this week as the global demand for dollar liquidity kept the greenback up despite the strong negative factors.
The U.S. dollar began today’s trading session with a rather strong decline against the euro, after posting a significant gain yesterday, as the investors expect the oil prices to surge on the Middle East conflict.
Dollar Falls on Fears That Recession Deepens
The U.S. dollar declined today against the other major currencies and especially against the euro as the traders expect weak macroeconomic reports to continue coming out from the United States, showing that the world’s biggest economy is in the worst situation of all the developed countries.
Ecuador to Continue Using U.S. Dollar
The President of the Republic of Ecuador, Rafael Correa, said yesterday that the U.S. dollar will remain as the country’s main currency as the economic crisis offers harsh times for the Ecuadorian financial system.
Dollar Down before Fed Rate Deciosion
The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout of the U.S. automakers.
Dollar Near 2-Month Low vs. Euro
The U.S. dollar dropped to the weakest level during the last 6 weeks against the European currency as the world’s stock markets rallied despite the delay in the U.S. automakers bail-out.
Dollar to Post Weekly Decline against Euro
The measures proposed by the U.S. government to support the national financial system and the optimism that followed the announcement of Obama’s economic team caused the U.S. dollar to decline against the euro this week as the money risks decreased world-wide.
Dollar Falls Before Employment Report
The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show the worst contraction since 2003 today.
Dollar Uncertain Before Interest Rate Decision
The U.S. dollar traded with an alternate success against the other major currencies as the investors are uncertain before the Fed’s interest rate meeting today and the state of the global financial system.
Dollar Strengthens after Stimulus Proposal
The U.S. dollar rose today against other major currencies, except the yen, after the Federal Reserve Chairman Ben Bernanke proposed further measures to provide more liquidity and credit confidence to the U.S. economy.
USD Demand Triggers Biggest Weekly Gain
The U.S. dollar showed the biggest weekly gain ever against the euro on the Forex market this week as the global demand for dollar liquidity kept the greenback up despite the strong negative factors.
4. Indian Rupee
Indian Rupee Falls to Record Low
The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also played their role.
Rupee Declines More as Stocks Tumble
The Indian rupee continued to fall against the U.S. dollar and the Japanese yen today as the Asian stock markets fell again, spurring the outflow of the capital from the emerging markets.
Rupee Falls to Record Low on Rate Cuts
The Indian rupee fell to the new record low level versus the U.S. dollar today as the foreign investors pulled out capital out of the country’s markets amid deepening of the global financial crisis.
Indian Rupee Heading for Weekly Gain
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies’ good reports will attract traders and the conversion to local currency.
Rupee Falls on Oil Demand Speculations
The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country.
Rupee Rose on Earning Conversion
The Indian rupee rose today as the exporters had to convert their overseas earnings after the India’s currency has been losing significantly to the U.S. dollar in May.
Rupee to Gain 9% This Year on Higher Rates
Fortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth.
The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also played their role.
Rupee Declines More as Stocks Tumble
The Indian rupee continued to fall against the U.S. dollar and the Japanese yen today as the Asian stock markets fell again, spurring the outflow of the capital from the emerging markets.
Rupee Falls to Record Low on Rate Cuts
The Indian rupee fell to the new record low level versus the U.S. dollar today as the foreign investors pulled out capital out of the country’s markets amid deepening of the global financial crisis.
Indian Rupee Heading for Weekly Gain
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies’ good reports will attract traders and the conversion to local currency.
Rupee Falls on Oil Demand Speculations
The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country.
Rupee Rose on Earning Conversion
The Indian rupee rose today as the exporters had to convert their overseas earnings after the India’s currency has been losing significantly to the U.S. dollar in May.
Rupee to Gain 9% This Year on Higher Rates
Fortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth.
2. What is Forex Trading?
A guide to the place we call home.
Before you start trading in the Forex market, you need to know what Forex is all about. Forex is short for Foreign Exchange. It carries multiple names such as FX, 4x, and Spot FX. We are focusing on the retail Forex market which is for all individual traders. Currency trading is by far the largest market to trade in on the planet.
The commodity that is traded is actual currency. For example, if you would like to sell Euros and by US dollars, you would do this trading the EURUSD currency pair. Most Forex brokers offer you many different pairs to trade. When starting out you may want to stick to the big pairs connected to the US Dollar. These include eurusd, usdchf, gbpusd, and the usdjpy. These pairs tend to have the most fluid movements and the best liquidity.
If you need a complete beginners guide to the Forex market, you can find plenty of information by typing a search in Google. This guide is setup to give what we think are the Top 20 items to think about before trading with your own money.
Source From: forexnewstrader.com
1. Forex News Trader
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market. Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site.
There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.
Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.
Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.
Source From: forexnewstrader.com
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market. Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site.
There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.
Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.
Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.
Source From: forexnewstrader.com
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