Tue, 03 Oct 2006 09:43:10 MDT
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Written by Jef Du Bois
Nowadays, a min forex trading account is the most popular type of FX trading accounts, it is designed for traders who are new to the currency market or those who can't afford to open a standard account. It is the most popular type because it allows you to trade smaller contact sizes, 1/10 th the size of the normal standard account and leverage can go up to 200:1. You no longer need a lot of money to trade forex, most brokers offer you a mini account starting at $250-$300.
Sun, 01 Oct 2006 16:08:10 MDT
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Written by Gerard Becker
You can trade forex whenever you want, day or night, this market never closes its doors. Most forex brokers offer trading starting Sunday around 6 PM through Friday 4 PM Eastern Standard Time. This is a very big advantage over stock trading with its limited trading hours and opening gaps. Forex gaps are very uncommon
Thu, 28 Sep 2006 20:33:54 MDT
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Written by Aboutcurrency
The rankings for US economic data as seen in below table are based on an analysis of 20-minute and daily ranges. As seen in below table for example, the Non-farm Payroll release days can cause a big shake up in the forex market. They have the potential to move the EUR/USD (on average) 123 pips in 20 min and 193 pips in a day on average.
Thu, 28 Sep 2006 06:13:24 MDT
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Written by Dean Kleb
The placement of orders in the market saves the trader the time and tedious job of monitoring market price for levels and also ensures that he does or implements what he intends to do. When placing an order with the market maker, it is very important to make sure you are placing your order properly to avoid easily made costly errors.
Wed, 27 Sep 2006 07:49:42 MDT
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Written by Aboutcurrency
The forex market is a 24 hour continuous market which starts from Sunday 5pm EST through Friday 4pm EST, it can be divided into 3 major sessions that overlap each other. These sessions are: Asian, European and US sessions. There is trading activity in all sessions, the most volatile are the London and US session, less volatile is the Asian session.
Tue, 26 Sep 2006 11:50:53 MDT
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Written by Aboutcurrency
Balance of Payments: The balance of payments is separated into two main accounts: the current account and the capital account. It's a complete summary of a nation’s economic transactions and the rest of the world including merchandise, services, financial assets and tourism.
Beige Book Fed Survey:
The Beige Book, is published eight times a year by the Federal Reserve Bank. It highlights the activity information by District and sector. The survey normally covers a period of about 4-weeks in duration.
Thu, 21 Sep 2006 17:20:50 MDT
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Written by Walter T. Downs
What follows are some of these observations and conclusions that we have used in our own trading over the years to help develop improved behaviour and keep us on the right path, you can use them as a guide to determine the probability of being a successful trader and where you would need to make adjustments to insure an easier learning curb
Wed, 20 Sep 2006 16:44:52 MDT
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Written by Dean Kleb
It is true that fortunes have been made and will still be made in the markets but it is just as important to realise that without We believe this is simply because people keep doing the same things expecting a different result. This pattern repeats itself for just about every new trader that comes onto the market
Mon, 04 Sep 2006 13:29:22 MDT
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Written by Dean Kleb
How does the professional trader organise the endless stream of price data into a logical format that doesn't require rocket science to interpret? Technical analysis is an extremely visual medium and this one fact alone sets it apart from the colder method of fundamental analysis. Price charts allow traders to look at past and present price action in order to make reasonable decisions and intelligent choices.
The oldest form of interpreting price charts is PATTERN ANALYSIS. This method gained popularity through both the writings of Charles Dow as mentioned earlier and Technical Analysis of Stock Trends, a classic book written on the subject just after World War II.
Pattern analysis gains its power from the tendency of charts to repeat the same formations over and over again. These patterns have been categorised over the years as having a bullish or bearish bias. Some well-known ones include HEAD & SHOULDERS, TRIANGLES, RECTANGLES, WEDGES, DOUBLE & TRIPLE TOPS, DOUBLE & TRIPLE BOTTOMS, FLAGS and PENNANTS. Also, basic SUPPORT & RESISTANCE and TREND-LINES have great importance on price action.
Courses & Tutorials. More to come..stay tuned and visit often!
