In this example of the U.S. dollar is the base currency and thus the principle of "the buy / sell. If you think that the Japanese Government is not weakened yen to help its export industry, is it a BUY USD / JPY order. For this you have bought U.S. dollars in the expectation that they will rise against the Japanese yen. If you believe that Japanese investors pulling money the
Thursday, June 11, 2009
USD / JPY
EUR / USD
OP AND GFD
OP (Good til canceled)
A GTC order to remain active in the market when you decide to cancel. Your broker does not cancel the order at any time. It is your responsibility to realize that you are okay scheduled.
A GFD order to remain active in the market by the end of business day. Given that the currency markets is a 24-hour market, this usually means 5pm EST ago, the U.S. markets close, but I would recommend you to check with your broker.
STOP-LOSS ORDER
This means that if you were dead wrong and EUR / USD drops to 1.2200 instead of moving up, your business should be run automatically sell at 1.2200 and close your position to a 30 pip loss. Stop-loss is very useful if you do not want to sit in front of your monitor all day afraid of losing all their money. Just give the order to halt the loss of all open positions, so do not miss your basket weaving class.
LIMIT ORDERS
MARKETPLACE
HOW TO MAKE FOREX ORDER
TECHNICAL ANALYSIS
The principal will ever learn in technical analysis is the trend! Many people would say that the "trend is your friend". The reason is that you're much more likely to earn money when you can find a trend and trade in the same direction.
Technical analysis helps you identify these trends in its infancy, and therefore you are very profitable business opportunities.
FUNDAMENTAL ANALYSIS
This type of analysis is that if the economy is doing well, their currency will also thrive. This is because the better the economy, the greater confidence in other countries in that currency.
For example, the U.S. dollar was gaining strength because the
In short, this is essentially what fundamental analysis is. Later, during the news to learn that a particular event the unit price for most currencies. So far only know that the fundamental analysis of Forex is the currency in which the analysis of forces from the country's economy.
20 RULES TO STOP LOSING MONEY
1. Do not rely on other opinions
This is the money at stake, not yours. Make your own analysis, regardless of source of information.
2. I do not believe in the company
Trade is not the investment. Remember that the numbers and forget the press.
3. Do not break the rules
That for serious situations such as you are probably at this time.
4. Do not try to get even
Trade is not a game of make-to-date. Each position must be maintained on its own merits. Complete loss of composure, and take the next trade absolute discipline.
5. No commercial head
If his name is a buffet, or Cramer, do not trade much. Concentrate on the game, and do not bother to make money.
6. Do not seek the holy grail
It is no secret trading formula, other than solid risk management. So stop looking ga.
7. Remember that discipline
Learning the basics is easy. Most traders do not because of lack of discipline, not a lack of knowledge.
8. Not pursue the crowd
Play and beat their drums. At the time of the multitude of events, which is probably too late ... or too late.
9. No obvious trade
The most beautiful set of samples of the most painful loss. If it seems too good to be true, it probably is.
10. Do not ignore warning signs
Big losses rarely come without notice. Do not wait for a lifeboat to leave the sinking ship.
11. Do not count your chickens
The benefits are not recorded until the trade closes. In the market, given the market and takes away with great fury.
12. Do not forget the plan
Remember why we had the first trade, and should not be blinded by volatility.
13. Do not have a mentality of paycheck
You do not deserve anything for all their hard work. The market is only profitable when it is right, and that your time is very, very good.
14. Do not join the group
Trade is not a team sport. Avoid actions boards, chat rooms and financial TV. Want the truth, not blind support from others with their views.
15. Do not ignore your intuition
Respect
We expect to win and lose with great regularity. Expected to teach it to lose the victory because that victory.
17. Do not fall into the trap of complexity
A well trained eye is more efficient than the battery of indicators. Common sense is more valuable than the copy of the test system.
18. Not to be confused with the possibility of execution
Overpriced software will not help you to trade like the pros. Beautiful colors and lights that fast trader, not better.
19. Project not his personal life
Commerce provides the perfect opportunity to discover how smelly your life really is. Find your house in order before playing the markets.
20. I do not think its fun
Trade should be boring most of the time, like a real job you have now.
FOREX MANAGED ACCOUNT
A forex managed account May be suitable for investors who prefer that their capital managed by professionals. Studies in the accounts managed by professional foreign exchange showed that the returns are not related to the development of the market.
Consequently, the allocation of portfolio investment in forex managed accounts May be the appropriate way to increase overall portfolio diversification.
FOREX STRATEGY BUILDER
An Optimizer A scanner, Explorer Bar and interpolation methods compared included to ensure maximum quality of your Forex strategy. Our main goal with the goal of building Forex strategy is to provide a free tool for reliable testing of trading strategies based on historical data current.
Therefore we want to include the most common method of technical analysis and a variety of technical indicators, only a user friendly program. Over recent years we have expanded the list of indicators for almost 100 and we are working on the ability to allow users of their strategies to try and exchange for trading in Forex market.
The reason to develop so rapidly that we have received constant feedback from users Forex strategy building proposals which are used to direct all future development programs. Backrests reliable trading system is likely to show excellent results in the historical test and then lead to disastrous results.
Some reasons may be behind the wrong test, or on optimization-sensitive indicators. Forex strategy builder can help you in this situation. He easily recognized pitfalls testing trading systems. He notices all ambiguous bars in the rear test. This program can be found in the average balance line between all possible market scenarios.
It also has methods for detection of curve fitting. That is constantly improving the useful Forex strategy builder is constantly updated and can participate in shaping the way you prefer. So, do not hesitate to share with us what you believe could be improved. Be assured that we will follow the recommendations in future versions.
This program aims to make the process of creating profitable strategies, based on technical analysis, a simple task. While you are not real market, do not hesitate to test all strategies or combinations of technical indicators, you can imagine. You will gain more experience and understanding how the logic of rules and parameters affect Forex trading.
It is free software Forex This program is absolutely free. There is no need to pay money or to make a recording. Step into the world of Forex strategy builder. He is 100% free Forex software. Visit our site Forex download. Find installation tips, download links, system requirements and other useful information.
HOW TO TRADE FOREX
Trading foreign currencies is a very exciting and potentially lucrative, but there are also significant risk factors. It is important that you fully understand the implications of margin trading and the particular pitfalls and opportunities offered for trade in foreign currency.
In these pages, we offer a brief introduction to the Forex markets and their participants and some strategies that may be applied. However, if you are ever in doubt about any aspects of the business, you can always discuss the matter in depth with one of our dealers. They are available 24 hours a day in the Saxon bank online trading system, SaxoTrader.
Relative value of its service performance is an effective, concise analysis and expertise - all under achieving and maintaining an attractive competitive cost structure. Today, the Bank offers Saxon Europe in the first round of all services for derivative trading and foreign currency. We count among our employees and sales of many analysts, each of which has long experience and wide knowledge of different markets and to win in both countries and international financial centers.
When trading foreign currency futures and other derivative products, we offer 24-hour service, extensive daily analysis, and individual access to our Research & Analysis department for specific questions and the immediate implementation of our international sales network of banks and brokers. All at a price significantly lower than what most companies and private investors often have access.
The combination of our strong emphasis on customer service, and our strategy for trade with the recommendations, our strategic and individual hedging developers together with our clients on the availability of the latest news and information, builds a strong case for trading in individual bank account via Saxon.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower price compared to banks and firms. Your margin deposit can be in cash or government securities, bank guarantees and other large corporate and institutional clients, which offer facilities for the strength of their trade surplus.
Minimum deposit accepted for individual trading account depends on the type of account. Trade confirmations and account in real time the total built in SaxoTrader, and account information can be produced in accordance with your specific requirements.
Tuesday, June 9, 2009
Forex in a nutshell
The Forex market is the largest financial market on Earth. Its average daily trading volume is more than $3.2 trillion. Compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. In fact, if you were to put ALL of the world's equity and futures markets together, their combined trading volume would only equal a QUARTER of the Forex market. Why is size important? Because there are so many buyers and sellers that transaction prices are kept low. If you're wondering how trading the Forex market is different then trading stocks, here are a few major benefits.
- Many firms don't charge commissions – you pay only the bid/ask spreads.
- There's 24 hour trading – you dictate when to trade and how to trade.
- You can trade on leverage, but this can magnify potential gains AND losses.
- You can focus on picking from a few currencies rather then from 5000 stocks.
What you should know
Lately, currencies have been on a rollercoaster ride with record breaking highs and lows. The world of foreign exchange is dominating news headlines; but what does it mean, and more importantly, what do you need to know before you get on board?
First of all, it's important that you understand that trading the Foreign Exchange market involves a high degree of risk, including the risk of losing money. Any investment in foreign exchange should involve only risk capital and you should never trade with money that you cannot afford to lose.
Why Currency Trading Is Not For Everyone
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.
Forex Earning Potential
Forex & Financial Problem
Saturday, June 6, 2009
Forex for Dummies
Forex Fundamental Analysis=>
Twitter Forex Tweet Strategy
Have you been following people involved in fx trading on twitter?
Have you noticed how many people are happy to tell you what happened? While macroeconomic news and previous day post analysis can be useful, it certainly doesn't help you make a trading decision based on current charts.
I have a little proposal to make.
Instead of tweeting that you've opened a long or short position provide some information that other people can use to apply their own strategies. Frankly, I don't care what crappy decisions others are making. I care what the charts are saying. I'll do my own technical analysis and decide on my own trades.
So, tell me that a pattern is forming on a named pair's chart in a certain timeframe. For example, right now the AUDJPY is retesting May highs of 76.00 and obviously this is true on any chart -- though you may need a longer chart to actually see it.
Then, I can whip open my chart, draw some lines, figure out a strategy, and trade on the opportunity.
To summarize, we need to tweet about opportunities that are shaping up. We need to just drop each other a note that something is happening. Anybody who has traded for any length of time can figure out what to do -- but unless we have the luxury of trading full time we just can't spot all the opportunities.
In short. Smarten up and stop trying to show the world how damned smart you are. We don't care!
How about we call this the Useful Forex Tweet Agreement (UFTA).
Calculating Profit and Loss
For ease of use, most online trading platforms automatically calculate the P&L of a traders' open positions. However, it is useful to understand how this calculation is formulated:
To illustrate an FX trade, consider the following two examples.Let's say that the current bid/ask for EUR/USD is 1.46160/190, meaning you can buy 1 euro for 1.46190 or sell 1 euro for 1.46160. |
More leverage means more opportunity - and more risk
It's crucial to remember: increasing leverage increases risk. To limit downside risk, monitor your account regularly and use stop-loss orders on every open position.
FOREX.com: No debit balances, no margin calls
At FOREX.com, your risk is only limited to funds on deposit. There are no margin calls in forex trading, so if your account falls below required levels, for your protection we will close out all positions automatically. You'll never lose more money than you have in your account.
Leverage & Margin
Leverage trading, or trading on margin, means you aren't required to put up the full value of the position.
Forex trading offers more leverage than stocks or futures - up to 200 times the value of your account. Of course keep in mind that increased leverage also increases your risk.
What's a pip?
Forex prices are often so liquid, they're quoted in tiny increments called pips, or "percentage in point". A pip refers to the fourth decimal point out, or 1/100th of 1%.
For Japanese yen, pips refer to the second decimal point. This is the only exception among the major currencies.
Bids, asks and the spread
Just like other markets, forex quotes consist of two sides, the bid and the ask:
The BID is the price at which you can SELL base currency.
The ASK is the price at which you can BUY base currency
Cross currencies
Currency pairs that don't involve USD at all are called cross currencies, but the premise is the same.
The world's most traded market, trading 24 hours a day
With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.
Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.
Who trades currencies, and why?
Daily turnover in the world's currencies comes from two sources:
- Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
- Speculation for profit (95%).
What's Forex?
Currencies trade in pairs, like the Euro-US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or futures, there's no centralized exchange for for