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Forex MegaDroid Robot

Forex MegaDroid is the latest RCTPA Driven Robot, which has A.I or artificial intelligence breakthroughs in technology. Now you can see the instant future of Forex on a single program that provides you with over 95% accuracy.

The latest Forex solution is beyond doubt the most leading robot proven solution designed to provide extreme accuracy in each market condition studied, as well as providing you with ways to get your hands on quadruple figures for each dollar you deposit.

The profitable robot technology were comprised based on years of trading experience. The designers Albert Perrie and John Grace learned the most effective ways to trade in the Forex market by studying the market behaviors visually.

They built the robot with integrated long-term solutions based on their studies in Forex strategies. Thus, the programming of the computers was designed to fit the Forex strategies to the letter. They used unique and profitable “multi-market condition” robots to make the latest program.

Compared to other programs that are on the market that provided zero years of trading experience, guestimations on Forex strategies, unfortunate limits on strategies to one market condition, and averages on non-profitable, non-consistent “single-market condition robot,” the latest MegaDroid is the top of the line. Visit Forex MegaDroid.

RCTPA Technology was used to create one of the most innovative profitable and accurate systems. There is advanced A.I. solutions that provide you with extreme performance and accuracy. There is unheard of consistency with the latest artificial intelligence that makes the MegaDroid one of the best programs available to the Forex market. Perrie and Grace used “38-years” of experience and combined it with the latest and past Forex trading solutions to build and design the MegaDroid. Using RCTPA (Reverse Correlated Time and Price Analysis), the two men designed the MegaDroid with winning in mind.

RCTPA is the latest culmination of the past decades of Forex trading solutions that combine with “in the trenches market experience” combined with “advanced computer analysis.” RCTPA technology provides you with top performance each year since it is designed for every single market condition. Until today, the performance in the Forex Trading industry was limited, but since the design of the Forex MegaDroid that has changed. Now you can extend your profits by using something beyond the old single-market condition systems and robots.

Going beyond the scopes of common programs designed for single-market Forex, MegaDroid takes you to unlimited profit!

Forex - Dollar selling continues; euro breaks above 1.32 usd mark

LONDON (AFX) - Dollar selling continued into the afternoon, with the euro breaking through the 1.32 usd mark for the first time in over five weeks

The selling was sparked in Asian trade overnight after reports yesterday that the Korean central bank plans to diversify its reserves away from the US dollar. A spokesman for the Bank of Korea was quoted as saying in a report to parliament that as foreign exchange reserves increase, the central bank "will expand its investment into non-government papers, which carry relatively high yields, and diversify the currencies in which it invests"

Dow Jones at lowest level in 12 years as DAX also suffers

The Dow Jones closed yesterday at its lowest level since 1997, causing stock markets around the world to go into freefall.

Japan’s Nikkei Index plunged 1.5 per cent, and the German DAX indexopened down nearly one per cent.

The first horror reports came from Frankfurt yesterday. For the first time in more than four years, the Deutsche Aktien Index (DAX) has fallen under 4,000 points.

It closed on Monday at 3936.45 points – a drop of 1.95 per cent and the lowest it has been in four years.

“The negative US shares were the triggers,” said a broker. Shares in car companies suffered the most dramatic drops.

Uncertainty over President Barack Obama’s steps to help the financial crisis is affecting the US market.

And the situation is getting worse on Wall Street.

In New York, the Dow Jones fell by 3.14 per cent to 7114.78 points. After it had crashed to its lowest point since October 1997, the Nikkei Index also began to plunge.

It fell 107.6 points, or 1.46 per cent, to 7268.56 points. TOPIX suffered a loss of 5.00 points or 0.68 per cent, finishing at 730.28 points.

Study says NY could lose $3B, 40,000 jobs due to Wall Street collapse

A new projection shows Wall Street's meltdown could cost New York up to 40,000 private sector jobs and $3 billion in tax revenues over the next two years, two state officials said Thursday.

The revised numbers in the snapshot of worst case estimates was done Wednesday at the highest levels of government. They are worse than Gov. David Paterson's estimate just Tuesday that the state would lose about $1 billion in revenue because of plummeting stock values and the need for federal bailouts of the financial sector.

Wall Street is a major economic force in New York state, generating one-fifth of the state's revenues each year.

The officials, including one senior administration official, spoke to The Associated Press on the condition of anonymity because they weren't authorized to comment on the fiscal analysis.

Both the revenue and job hits would be substantial. The total state budget including federal funds is about $120 billion. New York has about 7.25 million private-sector jobs, after losing 6,500 jobs, or 0.1 of 1 percent, in July. Employment had already declined in five of the first seven months of the year.

On Thursday, New York Assembly Speaker Sheldon Silver of Manhattan said a diminished Wall Street poses "monumental" economic challenges for the state, leading to lower wages and lower employment growth. He said that in late August, the state's foundering financial sector had already shed more than 30,000 over the previous 10 months, citing an analysis by the Financial Times.

The new analysis includes the stock market drop, lost revenue from transactions and projected lost income tax revenue from Wall Street jobs.

State officials used the model of fiscal damage to New York after the Sept. 11, 2001, terrorist attacks. Then, Gov. George Pataki said it was the state's worst financial hit since the Great Depression 70 years earlier.

There are still threats to the future of Wall Street fixtures. Three of its five major investment banks -- Bear Stearns, Lehman Brothers and Merrill Lynch -- have either gone out of business or been driven into the arms of other banks. The two remaining -- Goldman Sachs Group Inc. and Morgan Stanley -- were under siege.

The state officials caution that they are still trying to estimate how many jobs might remain in Manhattan.

"We're in some serious times," Paterson said Tuesday. "It's going to get worse before it gets better."

State Division of Budget spokesman Jeffrey Gordon wouldn't confirm the numbers. He said officials will look to business tax and payroll tax figures expected in coming weeks to help estimate the damage.

For example, he said more than 27,000 employees have already lost or are at risk of losing their jobs because of decisions by major financial institutions to close or merge. But whether those jobs will be transferred or kept in some form may not be known for weeks.

Forex Charts Introduction

Even if you are not a technical analyst it is important to learn how to read forex charts. The fact of the matter is that it is virtuallyimpossible to get a proper assessment of the value of the forex market with out knowledge of chart patterns.

There are numerous chart types used in forex market analysis, but in a lot of them the following patterns often emerge. As a trader, it is to your advantage to learn their meaning and relation to price movement and market direction.

Trendlines, as the name suggests, are forex chart patterns used by traders to analyze forex prices and market direction. Trendline charts consist of an inclining line, representing a price uptrend, and a declining line. If the declining streak goes through the price bars it is a sign that the price is on a downward path.

Trendline charts also have support (floor) and resistance (ceiling) levels, which are seen as parapets for prices. Most forex charts of this type also use channels: inclining parallel beams, declining and sideway beams, representing all possible price movement in the forex. These channels are used by technicians to determine when to buy or sell.

Another frequent chart pattern are triangles. The names of these patterns, are, of course, derived from the movement of the price bars, and in this case they resemble the aforementioned geometrical shape. Often the price bars form a shape like a symmetrical triangle, and when the pattern breaks at the top, it is an indicator to go long, and at down, it is time to sell.

Ascending Triangles, or Right Triangles, also come up frequently. Because the propensity of Right Triangles are breaks in the upper part, this forex chart pattern is used as a buy indicator. Descending Triangles, of course, are indicative of a downtrend.

Non symmetrical Triangles are also technical indicators of price uptrends or downtrends. Depending on the slope, chartists may go long or short. Pennants, on the other hand, resemble triangular forex chart patterns, except that they are broader. The split on the upper region is, as with the other charts, representative of a buy signal.

Trendlines, triangles and pennants are just a few of the numerous forex chart patterns that a forex trader will encounter in technical and fundamental analysis. By learning how to interpret the above-mentioned chart patterns, you will gain a better understanding of how and why chart patterns are very important.

* Candle Charts Trend Analysis
* Why Forex Rather Than Stocks
* Potential Dangers in Forex
* Common Indicators For Forex
* Forex Market Characteristics
* Constant Change in Market

Forex Fundamental Analysis

It's now what you've got, but how you use. So it goes that the make or break of any forex trading transaction actually does not lie on how much money you put in trading, but on trading strategies that rely purely on analysis.

There are two types of analysis in forex: the technical analysis and the fundamental analysis.

The long and short of technical analysis is that it is based on past trends in the forex market. You will know if it is a technical analysis you are making if you are looking at charts and graphs. Fundamental analysis, on the other hand, employs a little more of "being in the moment."

Fundamental analysis in forex covers the spectrum of all economic and political climates that may affect the prices of currencies. Forex traders typically rely on the news to get information on inflation, growth rates, unemployment rates, and economic policies.


While technical analysis gets into actual and historic movements in the forex market, fundamental analysis, on the other hand, takes an overview of forex movements. Fundamental analysis paints for the forex traders a broad picture of the conditions affecting the price of a currency. In order to get the best analysis, forex traders have to supplement their findings in the fundamental analysis with that of the technical analysis.

Forex currency prices are essentially affected by forces that affect supply and demand. These forces of supply and demand, in turn, are affected by conditions in a country's economy. Two of the most important economic factors that affect supply and demand are an economy's strength, and interest rates.

Economic indicators can also affect supply and demand. Governments and the academe are the sources of these economic indicators, and they are followed by all segments of the investment industry. The two most important of these economic indicators are INTERNATIONAL TRADE and INTEREST RATES. There are other economic indicators like the Consumer Price Index or CPI.

Interest rates can either weaken or strengthen a country's position in forex trading. High interest rates typically attract foreign investment, which strengthens the local currency. But it will also adversely affect the stock market because stock investors typically react by selling their stocks, believing that higher interest rates will put companies at an adverse position.

A forex investor must always follow the factors affecting fundamental analysis to get a feel of where his currency is going, whether on a downward weak turn or an upward strength.

Getting Started

As the financial changes and online revolution continue to alter the global economic landscape, more and more people are becoming aware, and starting to avail of the forex market. However, a lot of neophyte traders end up losing a lot of money because they ignore basic trading issues.

Most of the novices in forex trading simply open an account and trade away. That is not how a professional and successful forex trader works. Before you open an account and throw your money in the forex, it is important that you take the following considerations into account.

First you should learn about spreads, as this is where some of the most crucial elements of currency trading lie. In simple terms, the spread is the differential between the bid and ask price of a particular currency. While there are numerous factors that you will have to consider, the point to remember is that the narrower the spread, the better it is for a forex trader, as it will save money.

Another fact that you should be conscious of is that forex brokers earn their money from these spread differentials. In other words, what is good for you is not good for a forex broker, as they make more money with wider spreads.

Given this situation, you should always pay close attention to what your broker is doing. Some unscrupulous forex brokers resort to buying and selling very early. The best way to avoid this complication is to choose a broker that comes from a well known and reputable forex firm. Another advise we can give is to go out and discuss the matter with other trader, to see if they have had experience with your broker.

It is also worthwhile to learn the basics of forex market analysis. As a budding forex trader it is important that you grasp the rudiments of fundamental analysis. This means listening to the statements of the Fed and analyzing pertinent data concerning the U.S. economy and of course, the status of your currency's country (the one you are trading with).

You should also try to learn and comprehend technical analysis. There are numerous technical indicators around, including MACD, parabolic indicators, Stochastics etc. You do not have to learn every tool, but it is vital that you learn how most of them work for two reasons.

One, they will help you immensely as you progress in your career, and second, you will be able to understand what your broker is saying. By leaving everything to your forex broker, letting him do all the work while you know nothing, leaves you open to manipulation and deceit.

Before opening a foerx account, check what leverage types are available. If a firm offers a leverage of 50:1, it means that for one dollar of your capital, they will lend you $50. If you have a small capital, get a high leverage. Bear in mind though, the higher the leverage, the greater potential for losses and profits.

Forex institutions offer different kinds of leverages, and a lot of it depends on the account you enter. The bigger the account you sign, the more flexible the leverage. However, some brokers have the option of buying or selling if your position is losing a lot of money. Clear this matter up before you open the account.

These are very basic information, but they are vital. A lot of new forex traders simply ignore these bare essentials and end up paying a stiff price. By adhering to these principles you will have a better chance of progressing as a trader.

More Knowledge on Forex

Knowledge is power. As with anything, the key to succeeding in forex lies in knowing. In the case of forex, knowing means being aware on how the forex market moves and on how increase your chances of profiting from a forex trade.

If you don't know anything, you might as well shoot in the dark, and garner a few successes in the short term but lose in the long haul.

There are, thankfully, many sources of knowledge on forex depending on your persuasion. If you like to learn on your own, the Internet has hundreds of websites featuring useful bits of information. There are also hundreds of e-books covering all aspects of forex trading.

The only challenge with the Internet is that the information is spread as bits and bytes. A website that walks you through the entire process of forex still has to exist. E-books are more promising.

If you want to learn a lot, you may opt for study courses, because (a) they present information on forex in an organized maner and are (b) structured to help students understanding forex trading.

These study courses are either available for free or cost over $1,000. Investing your time and money in them is worth the time you can save in scouring for similar forex information on your own. There are courses available for both beginners and the more experienced traders. In both cases, you only get what you give - free courses may teach you the basics but usually omit the exhaustive training that is needed to analyze charts and plot forex trading strategies.

There two basic types of forex study courses: an offline group class or an online course that you take through the Internet.

The main advantage of an offline group class is that you get undivided attention - any questions you might have does get answered right away by the instructor. This type of class, however, is not for those who do not have the time - you cannot make up for missed classes at a later time.

There are also one-day or two-days' seminar on forex. These are usually aimed at the very experienced trader, but you could benefit from the seminar if you already know the basics.

For the more shy types, there are CD-ROM courses on forex. You may order these materials online and have the CD delivered to you by mail.

But, as always, the best type of forex training is a one-on-one lesson with a forex trainor or mentor.

Common Indicators For Forex

Indicators are an important tool in making a trade at Forex market. The following tools are merely an education that you can utilize a decision for trading in Forex.

1. Bollinger Bands

This is a kind of indicator that was used by traders to measure the volatility of a market. In simple words, Bollinger Band in an indicator that will tell you if the market is quiet or if the market is loud.

If the market is in quiet stage the bands will contract, on the other hand if the market is being loud the bands will expand.

You will notice that if the bands were close together in a chart it means that the prices are quiet but if the bands spread apart in the chart it means that the prices have moved upward.

2. MACD

Moving Average Convergence Divergence or MACD is a tool that is used by traders to determine the moving averages that are indicated in a new trend either it is bearish or bullish.

If you are using a MACD chart you will notice three number used in settings.

a. The first thing that you will notice is the number of periods in the chart that is used to compute the moving average in faster phase.

b. The second thing is the number of periods that is used in the chart that is to calculate the moving average in slower phase.

c. The third thing that you will notice is the number of bars on the chart that is used to compute for the moving average with the difference from the faster phase and the slower phase moving averages.

3. Parabolic SAR

The Parabolic SAR or Stop And Reversal can determine where the trend might end. Parabolic SAR is one tool that is very easy to use. This indicator will simply show you when are the prices going up or going down for that matter. The chart can signal you whether you are to buy or to sell.

This indicator is helpful only at market that are trending often and that has downturns and long rallies; however, you do not want to use this indicator when the market is being choppy, choppy means that the prices are moving sideways.

4. Stochastics

This is another kind of indicator that helps traders to determine where the trend might end. Stochastics is an indicator that measures oversold or overbought conditions in the Forex market.

You can use Stochastics in many ways; however, the basic role of Stochastics is to show traders where the market is oversold or overbought.

5. Relative Strength Index

This can also be called as the RSI; this has similarity with the Stochastics indicator. Both can determine the oversold and the overbought conditions of the Forex market.

RSI is one of the most popular tools for traders because this helps them confirm the trend formations.

Basically, we can just pick one indicator and move on however, this is applicable if the world is perfect enough for us to trade. But that is not the case, indicators also have imperfections and so we must avoid these imperfections as often as we can.

That is why a lot of traders combine all these indicators so that they can clearly see what they have to do with the help of these indicators.

* www.finexo.com

Why Invest in the Forex Rather Than in Stocks

There is a widely held misconception that the best way to earn from your investments is through investing in stocks.

Yes, investing in the stock market is a good way to profit from one's savings but there are other ways one can invest money that are relatively much less complicated and demanding but as profitable, if not more, than investing in stocks.

Like investing in the foreign exchange or forex.

So why is the forex hassle-free compared to the stock market and what are its advantages over it?

The following are just some of the benefits when one chooses the forex on top of the stock market.

No need to monitor thousands of stocks.

Tired of monitoring several thousands of stocks like the 4500 listed in the New York Stock Exchange and the additional 3,500 in the NASDAQ?

With the forex, you only need to focus on the four major currency pairs. Though not necessary, you can also dabble in the 34 second tier currencies if you got some spare time and want to be really competitive and have advantage against other traders.

Express execution of market orders.

Unlike the stock market, there are no discrepancies between the price that one sees in the platform and the execution price needed to start the exchange in the foreign exchange market.

What you see is the price you get as there is price certainty in every forex market and trades are done real time.

No short-selling restrictions.

In other markets particularly the stock market, heavy restrictions are made on short selling.

Such stringent measures are non-existent in the foreign exchange market as currency trading is a two-way process; one also buys currency simultaneously when he/she is selling a currency and vice-versa.

Hence, there is no structural bias on the foreign exchange market, as everyone has equal access to a rising or falling market.

Highly sensitive market.

Traders in the foreign exchange market can (and most of the time they do) profit from such mundane news, for instance, a change in the interest rates.

This spontaneity of the forex creates infinite opportunities and advantages for every trader as they can always take advantage of the ebb and flow of currencies caused by simple rumors.

24 hour, commission-free market.

Free from additional transaction fees such as those from the government and middlemen and being open 24 hours a day, 5.5 days a week are advantages of the foreign exchange market not only over the stock market but to other financial markets as well.

Traders about to invest should be well informed of the advantages of forex so as not to waste time and money in investing in the complicated and demanding world of stocks as these advantages present the foreign exchange market as a viable, if not better investment alternative to the stock market

* www.fx-bar.com

Potential Dangers in Foreign Exchange

Foreign exchange is very profitable and also it is risky. Multiple traders and numerous sophisticated trading instruments exacerbate these risks in foreign exchange. Knowing foreign exchange risks are vital in managing it.

The shifting of worldwide market supply and demand creates a continuous effect on the foreign exchange market. Such effect can be identified as an exchange rate risk. Spot deals, forwards outright, futures and options in foreign exchange are the ones mainly affected by the exchange rate risk.

Exchange rate risk starts with the foreign exchange traders. What a good foreign exchange trader can do is to cut the losses short and go with profitable positions. Two popular measures to keep foreign exchange losses low are the position limit and the loss limit.

In position limit, foreign exchange trader may be limited to carry a certain currency at any time when regular trading is going on. Another position limit calls for maximum outstanding position kept overnight by foreign exchange traders. Each trader must have an established foreign exchange market limit based on level of trading skill and not by level of seniority or profitability. Each bank and treasury may have rules regarding this. The limits may be held high or low for a set period of time by the senior officer from the treasury to encompass unique foreign exchange market condition.

The loss limit is a way of holding off unsustainable losses by foreign exchange traders. This limit enforced by senior officers on the dealing room is chosen either on daily or monthly basis. This measure is of enormous help for foreign exchange trader because it lifts added pressure on deciding the size of loss to take.

Foreign exchange risk is to be tamed by the management by setting clear rules regarding policies of risk management. The rules must be revised regularly or in response to unusual market development. The management must find the most suited way in dealing with present or projected trading capacity. And it also takes into account the loopholes of these ways so as to come up with a proper risk management policy. Flexibility and sped of adjustment are crucial in fast-changing financial markets such as in foreign exchange.

Position and loss limits are very basic risk management measures. And with the help of control tool, these limits can be implemented better and easily. With the aid of computers, foreign exchange transactions are entered into the system database. The treasury and chief trader can have access continuously, instantly and comprehensively to trading date. Whatever their conclusions, it can then be transmitted to headquarter terminals.

www.stifxonline.com

www.forexpros.com

More About Fundamental Analysis in Forex

It's now what you've got, but how you use. So it goes that the make or break of any forex trading transaction actually does not lie on how much money you put in trading, but on trading strategies that rely purely on analysis.

There are two types of analysis in forex: the technical analysis and the fundamental analysis.

The long and short of technical analysis is that it is based on past trends in the forex market. You will know if it is a technical analysis you are making if you are looking at charts and graphs. Fundamental analysis, on the other hand, employs a little more of "being in the moment."

Fundamental analysis in forex covers the spectrum of all economic and political climates that may affect the prices of currencies. Forex traders typically rely on the news to get information on inflation, growth rates, unemployment rates, and economic policies.
www.fxclub.com

While technical analysis gets into actual and historic movements in the forex market, fundamental analysis, on the other hand, takes an overview of forex movements. Fundamental analysis paints for the forex traders a broad picture of the conditions affecting the price of a currency. In order to get the best analysis, forex traders have to supplement their findings in the fundamental analysis with that of the technical analysis.

Forex currency prices are essentially affected by forces that affect supply and demand. These forces of supply and demand, in turn, are affected by conditions in a country's economy. Two of the most important economic factors that affect supply and demand are an economy's strength, and interest rates.

Economic indicators can also affect supply and demand. Governments and the academe are the sources of these economic indicators, and they are followed by all segments of the investment industry. The two most important of these economic indicators are INTERNATIONAL TRADE and INTEREST RATES. There are other economic indicators like the Consumer Price Index or CPI.

Interest rates can either weaken or strengthen a country's position in forex trading. High interest rates typically attract foreign investment, which strengthens the local currency. But it will also adversely affect the stock market because stock investors typically react by selling their stocks, believing that higher interest rates will put companies at an adverse position.

A forex investor must always follow the factors affecting fundamental analysis to get a feel of where his currency is going, whether on a downward weak turn or an upward strength.

Acquiring More Knowledge on Forex

Knowledge is power. As with anything, the key to succeeding in forex lies in knowing. In the case of forex, knowing means being aware on how the forex market moves and on how increase your chances of profiting from a forex trade.

If you don't know anything, you might as well shoot in the dark, and garner a few successes in the short term but lose in the long haul.

There are, thankfully, many sources of knowledge on forex depending on your persuasion. If you like to learn on your own, the Internet has hundreds of websites featuring useful bits of information. There are also hundreds of e-books covering all aspects of forex trading.

The only challenge with the Internet is that the information is spread as bits and bytes. A website that walks you through the entire process of forex still has to exist. E-books are more promising.

If you want to learn a lot, you may opt for study courses, because (a) they present information on forex in an organized maner and are (b) structured to help students understanding forex trading.

These study courses are either available for free or cost over $1,000. Investing your time and money in them is worth the time you can save in scouring for similar forex information on your own. There are courses available for both beginners and the more experienced traders. In both cases, you only get what you give - free courses may teach you the basics but usually omit the exhaustive training that is needed to analyze charts and plot forex trading strategies.

There two basic types of forex study courses: an offline group class or an online course that you take through the Internet.

The main advantage of an offline group class is that you get undivided attention - any questions you might have does get answered right away by the instructor. This type of class, however, is not for those who do not have the time - you cannot make up for missed classes at a later time.

There are also one-day or two-days' seminar on forex. These are usually aimed at the very experienced trader, but you could benefit from the seminar if you already know the basics.

For the more shy types, there are CD-ROM courses on forex. You may order these materials online and have the CD delivered to you by mail.

But, as always, the best type of forex training is a one-on-one lesson with a forex trainor or mentor.

* More Knowledge on Forex

www.ac-markets.com

Online Forex - Forex Trading Strategie To Success

Most of us are willing make money by using Online forex market.so what we relay need and what kind of tools we need to start to make money by using forex market.well you have to a soundly based forex trading strategy.after that you will need a few simple steps to start to earn your money.

If you wont to success in online forex money trading you most know your inner understanding and in your own understand exactly to learn
your system work,and then you must learn to confidence in it or you can learn by watching other trading system.if you don't understand how your trading system will help you succeed, you won't have confidence in it which will lead to a break down of discipline if you hit a losing period.

How To choose a proper Forex Broker

Before you think to make money you with a forex broker you have to make a few taps.

step 1:
Make sure your broker is registered with the Futures Commission Merchant (FCM), which is regulated by the Commodity Futures Trading Commission of the United States (CFTC).
step 2:
Check That your broker can offer different types of accounts. Usually, the accounts “Mini”, this type of account, you can operate in forex but the leverage is lower. There is another type of account called “Standard.” This type of account you open forex positions with larger size. Of course a “premium” will allow the opening of further positions.
step 3 :
Do not pay commission Spot Forex traders do not pay commissions for placing orders, unlike those who operate in future markets. In fact, a Forex broker is a mere intermediary, not a broker or agent itself, thereby not paying any cost in the execution.

Forex Trading Tips

Are you one of those who have heard about Forex trading but not sure what it really is? Or you would like to find forex trading tips on how it works and if you can make money out of it, but not sure whom to ask? Well, I can tell you are not alone in this situation. Many people think that they are familiar with Forex trading, but in reality, most of them think that forex trading has something to do with stocks or bonds.

Evaluating Probabilities Using Technical Analysis

Besides technical analysis, I also use simplified statistical analysis made on the basis of long observation of the market behavior and study of its common laws. Many laws can be quite well explained from the common sense point of view, as well.

Such preliminary probability evaluation allows me to avoid the most common mistakes at opening and liquidating of my positions. The criteria follow.

• Usually, the probability that the market will continue its current movement in the present direction is higher than the probability that the market will soon change direction to the opposite.

Because the market has a high degree of momentum, the logical con clusion would be that opening a position in a current prevailing direction already gives a trader some statistical advantage of making a profit, rather than having a loss in such a case. However, even though it directly follows from one of the basic postulates of the technical analysis (the market moves in trends), many traders prefer to search for the opportu nity to catch the moment of the market transition from one direction to another, instead of going with the trend. My own observation shows that many novices intuitively feel this law and open the majority of their positions (in the very beginning of their trading careers) in a direction of a current market move. In fact, the less theoretical knowledge and practical experience a beginner has, the more expressed such a tendency is. Although they don't yet feel capable of predicting future changes in the market behavior and don't try to do so, they base their trading on what they see on the screen.


Because the FOREX market has a very high volatility, often such a tactic is justified and brings novice traders success during the initial period of their trading careers. This is why the overwhelming majority of the novices succeed while practicing dummy trading or even trading with real capital in the beginning. Unfortunately, this ability to go with the market soon disappears. Then it becomes substituted with analysis, mostly in accordance with knowledge received from books. Instead of simply following market fluctuations, traders begin to predict its future behavior and try to act in advance. From that point on, the majority of new positions are based on analysis and forecasts, and very often against the current market movement. From the moment strategy is shifted to mostly picking tops and bottoms, the chances to survive in business are sharply lowered.

From my point of view, the formula "sell on weakness, buy on strength" has an obvious advantage over another popular formula "buy low, sell high." The latter better fits a longer-term trader or investor rather than a short-term speculative trader, whose basic purpose is to enter and exit the market fast enough to get a relatively modest profit and then to secure it. In real trading conditions and especially in a day trade, it is much more difficult to define a point or even an approximate zone of a market turn, than to receive fast profit, catching the market on the run and opening a position in a direction of its current movement. Therefore, any trade tactics providing a position opening in a direction of movement (that already has begun) can be considered preferable in comparison with tactics focused on picking extreme market levels (tops or bottoms) to open a position against the prevailing direction at the moment.

• If the market had committed a significant move in some direction during the day, there would be a high probability of some extension in the same direction during the next day. The same assumption can also be used for analysis of weekly and monthly charts. See Figures 8.5 and 8.6.

The trend is one of the main market's features and occurs frequently. There is nothing unusual in this fact, and the FOREX market is famous for.



FIGURE 8.5 This is a very impressive sample of my statement: A strong and volatile move in one direction, with the closing price of the day almost at the very bottom of its range, continued during the next day. Despite the fact that the volatility of the third day was big, the closing price was closer to the top of the day than to the bottom, and therefore, no further extension is seen.

Making Money With Forex Trading

The foreign exchange market is quickly becoming one of the most popular ways for investors to make some extra money. Also known as the Forex or FX market, it is basically the place where different kinds of currency is traded. Since different currencies hold different values, investors who trade wisely can stand to make rather substantial profits.
In Forex trading, one person trades a quantity of one currency for certain quantities of another. The Forex market is especially attractive to people because it is an ongoing, continuous phenomenon; trading can occur at absolutely any time - 24 hours a day, five days per week. While it helps to have a firm grasp on the essential makeup of the foreign exchange market when trading in it, traders by no means have to be total experts. With a little bit of research and practice, just about anyone can be successful trading in this market.
Everything about the Forex market basically revolves around the Forex rate between two currencies. By studying the Forex rate and keeping a close eye on it, people can take advantage of a falling or rising rate between two currencies. People who participate in this market can choose to invest their money however they want; some choose to focus only on the dynamic between a couple pairs of currencies, while others spread their shares around among many different currencies.
Unlike a traditional market like the stock exchange, there is not a physical, tangible market in the true sense of the word when it comes to Forex. Investors cannot meet at one centralized location to perform their transactions like they would at the New York Stock Exchange. All trading and transactions take place over electronic trading networks and the telephone.

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Forex Beta Test Group; The Freedom Traders

Forex Beta Test Group is a resource for Currency Trading discoveries, trader “secrets” and proven Forex trading methods. Our goal is to assist traders in their quest to become successful and independent. Our Forex Beta Testers are part of a select group of traders that have chosen to follow a very well structured, yet simple set of rules which by the way, were developed by none other than 35+ year professional trader, Bill Poulos.

Yes, we are strong proponents of Bill’s methods and systems that continue to be a driving force in Forex and Stock Market educational courses, theory and practice. The results are evident and our trading plans are in place to help each other become independent currency traders -- and that means freedom from brokers.

Get The Skinny on the Forex.

If you are considering trading Forex, you should know that it’s one of the hottest segments in the trading universe currently. And for good reason because literally, trillions of dollars are flowing through the Foreign Exchange markets right now. But truth be told, most traders jumping onto the Forex bandwagon are LOSING their money–every single day. It's very well documented, the fact that 95% of Forex traders lose money. What isn’t much talked about though is actually WHY they lose money trading Currencies and what they can do about it.

Make Money With Forex Trading

In the FX market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
An exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.
How to Read an FX Quote
Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:
GBP/USD = 1.7500
The first listed currency to the left of the slash (”/”) is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).
When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.7500 U.S. dollar to buy 1 British pound.
When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.7500 U.S. dollars when you sell 1 British pound.
The base currency is the “basis” for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency.
You would buy the pair if you believe the base currency will appreciate (go up) relative to the quote currency. You would sell the pair if you think the base currency will depreciate (go down) relative to the quote currency.
Long/Short
First, you should determine whether you want to buy or sell.
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader’s talk, this is called “going long” or taking a “long position”. Just remember: long = buy.
If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price. This is called “going short” or taking a “short position”. Short = sell.
Bid/Ask Spread
All Forex quotes include a two-way price, the bid and ask. The bid is always lower than the ask price.
The bid is the price in which the dealer is willing to buy the base currency in exchange for the quote currency. This means the bid is the price at which you (as the trader) will sell.
The ask is the price at which the dealer will sell the base currency in exchange for the quote currency. This means the ask is the price at which you will buy.
The difference between the bid and the ask price is popularly known as the spread.
Let’s take a look at an example of a price quote taken from a trading platform:
On this GBP/USD quote, the bid price is 1.7445 and the ask price is 1.7449. Look at how this broker makes it so easy for you to trade away your money.

http://www.donkeymails.com/pages/index.php?refid=qaisershah

To Detarp or Not Detarp

The treasury department is refusing large banks to pay back their tarp money. Some of the major banks have asked to de-tarp themselves. There is some debate if the government would accept it. They think that if one of the large banks paid their Tarp money back, the other ones would feel pressured to pay back theirs.

The debate is if they pay it back and come back six months later, we are in the same position as we were before.  The rational issue then is should we let them fail if they pay the money back and then come back six months later.  If not you there goes the government inflating to running companies even more so.  We would have the government firing CEOs, guaranteeing lube jobs for your car from GM, handing out toasters at the local bank.  It’s as if America is sleeping and the government is in fact become a George Orwellian big brother.

Stock market,

Discussion on MSNBC pointed out that credit default swaps will do the same thing as short selling anyway, so the uptick rule will not do anything to circumvent or punish short selling in general. They think that the uptick rule will restore confidence, if nothing else for psychological peace of mind. But, you can connect a credit default swap, with out of the money puts, and then short without the uptick and drive the stock down. So the credit default swaps, synthetics, derivatives, exchange traded funds which are all forms of shorting. Clearly this uptick rule is not the magic bullet, but it will be for the S.E.C. to decide along with the investors they listen to.

Bad Shorts

The S.E.C. announces the reimplementation of the uptick rule. The uptick rule had been in place for over 70 years. It was removed two years ago in 2007. At the time everyone was amiss as to why the rule was removed. But, now the indication is that they want to implement it, to punish or get rid of naked short sellers, or short sellers in general. commission chairman Mary Schapiro says she’s feeling the heat from investors, exchanges and companies about short sellers. The staff are discussing five different short selling proposals, two versions of the uptick rule was discussed. There will be a period for them to vent the discussion amongst investors to get feedback on the rule. They unanimously decided to put them out for public comments up for 60 days.

Treasuries Little Changed, Head for Biggest Weekly Gain

Treasuries were little changed, putting the 30-year bond on course for its biggest weekly gain this year, as economic data from Germany indicated the recession may have further to run, stoking demand for fixed-income assets.

The yields on 10- and 30-year bonds held near the lowest level in more than two weeks after a report showed Europe’s largest economy contracted more than forecast in the first quarter, slumping the most in at least four decades. U.S. core inflation excluding food and energy probably slowed in April, according to a Bloomberg survey.

“European numbers have come in lower than expected and that’s prompted investors to take a risk off the table,” said Charles Diebel, head of European rate strategy in London at Nomura International Plc. “The performance on bond markets has been strong this week, with yields falling quite sharply as the risk rally has petered out.”

Production at U.S. Industries Probably Declined at Slower Pace

Industrial production in the U.S. probably declined in April at the slowest pace in six months, signaling manufacturing may be stabilizing, economists said before a report today.

Output fell 0.6 percent following a 1.5 percent drop in March, according to the median estimate in a Bloomberg News survey. Other reports may show the cost of living was unchanged last month and consumer sentiment climbed this month to the highest level since September.

Euro Weakens After German Economy Contracts Most in 40 Years

The euro fell against the dollar and extended a weekly loss versus the yen after a German government report showed Europe’s largest economy shrank the most in at least four decades during the last quarter.

The euro also headed for its first weekly decline in a month versus the dollar before a report that may show the 16- nation economy shrank at the fastest pace in at least 13 years. New Zealand’s dollar weakened against all 16 of the most-traded currencies as the country’s retail sales dropped almost twice as fast as economists forecast. South Korea’s won rose as overseas funds bought more local stocks than they sold.

“It’s a really bad piece of data, and it’s going to get worse because the European Central Bank has only come up with half-hearted measures” to revive growth, said Geoffrey Yu, a strategist in London at UBS AG, the world’s second-largest currency trader. “This is going to be bad for the euro.”

The euro fell to $1.3597 as of 8:38 a.m. in London from $1.3639 in New York yesterday, bringing its decline this week to 0.3 percent. The common currency slid to 129.37 yen from 130.67 yen, for a 3.6 percent decline this week, the first in four. The dollar dropped to 95.15 yen, from 95.80 yen.

New Zealand’s dollar fell 5.7 percent against the yen this week, the most since the week ending Jan. 16. It dropped to 56.07 yen today from 57.16 yen. The kiwi also slumped 1.3 percent to 58.93 U.S. cents, extending its decline to 2.4 percent this week. South Korea’s won advanced to 1,257.00 per dollar from 1,266.90 yesterday, paring its weekly loss to 0.8 percent.

Price Says Current Market ‘Ideal for Stock Picker’

Michael Price, who said the market now is “ideal for a stock picker,” said he bought shares of BB&T Corp. and that community banks are attractive investments.

“This is what you wait for: Being prepared on valuations and waiting for the market to hand you things at big discounts,” Price, who managed some of the best-performing mutual funds during the 1980s and 1990s and now runs New York- based MFP Investors LLC, said in an interview with Bloomberg Radio.

The Standard & Poor’s 500 Index has surged as much as 37 percent from a 12-year low in March. Banks and other financial institutions led the rebound.

Citigroup Inc., the New York-based bank that’s relying on $45 billion in U.S. government aid, will survive the credit contraction after selling businesses, Price said. The lender, created by Sanford “Sandy” Weill through two decades of takeovers, became too big to manage, Price added.

He suggested considering investments in banks such as BB&T and Wells Fargo & Co. now that they have raised money following the government’s evaluation of their health. Both companies received funds from the Treasury’s Troubled Assets Relief Program.

“If you want to place some bets, you can place them right after the recap like BB&T and Wells Fargo, or you can start nibbling on the way down in Citicorp now, or you can put money into smaller, less liquid banks that are not in TARP,” Price said.

Shorted Citigroup

That’s a reversal from Price’s strategy in August, when he shorted Citigroup, saying the New York-based lender had “more pain coming.” The collapse of the subprime mortgage market to that point had caused almost $500 billion in bank losses worldwide. That figure has about tripled since then, with the amount at Citigroup doubling, spurring an 81 percent plunge in the shares.

U.S. Stock Futures Fluctuate; Hartford Rises, Blockbuster Drops

U.S. stock-index futures fluctuated as the Standard & Poor’s 500 Index headed for its first weekly decline in three weeks on speculation a two-month rally may have outpaced earnings and economic growth.

Hartford Financial Services Group Inc. jumped 8.4 percent in Europe after the U.S. Treasury granted six insurers access to government assistance.Blockbuster Inc., the largest movie- rental chain, plunged 23 percent in extended New York trading yesterday after reporting first-quarter sales that trailed analysts’ estimates.

Futures on the S&P 500 expiring in June rose 0.1 percent to 890.7 at 9:55 a.m. in London following a 3.9 percent decline for the measure so far this week. Dow Jones Industrial Average futures gained 0.2 percent to 8,306. Nasdaq-100 Index futures advanced less than 0.1 percent to 1,354.25.

The S&P 500 has rallied 32 percent since March 9 as expectations for a recovery in the global economy and better- than-estimated earnings at companies from Ford Motor Co. to Citigroup Inc. fueled speculation the worst of the financial crisis is over. The benchmark index for U.S. equities traded at 15.1 times the earnings of its companies at the end of last week, the highest in five months.

UBS AG recommended investors reduce their holdings of stocks, saying hopes of an economic recovery are “likely to fade.” The brokerage cut its global equities allocation to “neutral” from “overweight.”

New York, London Exchanges See Rebound in Listings After Crisis

Corporate listings are set to rebound as financial markets stabilize and companies seek funding, the heads of the New York and London exchanges said.

“You feel there’s a pretty big pipeline and a lot of pent- up demand,” NYSE Euronext Chief Executive Officer Duncan Niederauer said in an interview today. The supply of companies looking to list looks “very good” and will restart as financial markets stabilize, London Stock Exchange Group Plc CEOClara Furse said. Neither CEO gave details.

NYSE Euronext, the world’s largest owner of stock exchanges, and rivals including the LSE, Nasdaq OMX Group Inc., Deutsche Boerse AG are confronting lower share volume as the worst financial crisis since the Great Depression drives traders out of the market. Trading on the Lisbon, Paris, Brussels and Amsterdam stock markets slowed 15.9 percent in the first quarter from a year earlier.

Both Niederauer and Furse spoke in interviews in Shanghai, where they are attending the Lujiazui Forum. NYSE Euronext has the support of Chinese regulators to list in Shanghai though there is “no timetable yet,” Niederauer said.

NYSE Euronext was formed in 2007, bringing together bourses including the New York Stock Exchange, London International Financial Futures & Options Exchange and markets in Paris, Brussels and Amsterdam.