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Choosing A Forex StrategyTechnical analysis and fundamental analysis are the two basic areas of strategy in the FOREX market which is the exact same as in the equity markets. However, technical analysis is by far the most common strategy that is used by individual FOREX...
Develop Your Forex Strategy: Every Candle Tells A Story
Your forex strategy will be greatly enhanced by a thorough understanding of candlesticks. Used by Japanese traders for centuries, the Western world has only recently (since around 1991) become aware of their value due to the work of Steve Nison. ...
Forex Day Trading Signals - Useful Forex Trading Strategy Based On Fibonacci Sequence...
What forex day trading signals do you use to enter and exit the market? How do you know that they are not going to give you a false entry signal? How can you use these signals to exit your trade? Let's look at Fibonacci first of all. This 750...
A Guide to Global FOREX trading
It's probably hard for some people to believe, but the global FOREX trading market dwarfs that of equities, even though the former gets little attention and the latter is talked about incessantly on the news.
The daily volume of global FOREX trading now exceeds $2 trillion dollars! To be sure, it is the leader in the competitive field of market exchange. Currently, London holds the title for the world’s largest foreign exchange center, accumulating 30% of the currency business.
Global FOREX trading is exciting for many reasons.
First, the markets are almost always open. One can trade 24/7 as currencies fluctuate all day and night. Compare that to equities where one can only effectively trade during market hours when the stock exchanges are open.
Second, the potential leverage in global FOREX trading is astounding.
In stock trading, one either trades with money they have or, at best, can open a margin account and trade with double leverage. A margin account funded with, for example, $25,000 can control $50,000 dollars worth of equity positions.
Now contrast that with global FOREX trading in which one can often obtain leverage of 20 times, 50 times, and even 100 times one's original capital.
For example, it's not uncommon to be able to open an account at an online FOREX brokerage with $5,000 and be able to control position sizes of $200,000 or more. (In FOREX, trading is realized in lots. 1 Lot = 100,000).
Think about that! If you funded an account with a mere $10,000 dollars you could control $500,000 worth of positions (10 lots). If your positions moved favorably giving you only a 5% gain you would be in profit $25,000 dollars. From an only $10,000 dollar initial capital!
Clearly the immense leverage in global FOREX trading is what lures a lot of players into the game. However, leverage can cut both ways and it's possible to get wiped out just as fast as
one can make a veritable fortune.
Because such large sums of money can be made playing the FOREX markets, hobbyists and full time currency traders are quickly increasing in numbers.
For both amateur and pro alike, getting quality FOREX analysis of the markets -- both fundamental and techical -- is extremely important.
And for people who have yet to learn how to FOREX trade, taking an online course is paramount to get them off to a proper start.
Indeed, it can make the difference between being successful and getting wiped out, although there is no guarantee that even the best newsletter analysis service or FOREX training course will guarantee you profits or guard you against losses.
That's why global FOREX trading is considered a highly speculative endeavor.
The people who do best at it will be methodical, have strong control over their impulses and emotions, are analytical to a fault, and are all around disciplined individuals.
Ever since the speculator George Soros of the Quantum Hedge Fund realized a profit of over $1 billion dollars in a few short days by shorting the British pound in 1992, market players have become more and more drawn to the exciting game of global FOREX trading.
Make no mistake about it, FOREX trading will continue to grow over the years, especially with the advent of online FOREX brokerages that allow people to trade from the comfort of their own home office all night.
Dan Ho is an investor, trader, and speculator who enjoys studying economics, technical analysis and the markets. He has traded equities, options, and currencies.
To learn more about global FOREX trading and to discover cutting edge educational FOREX training programs and insightful FOREX newsletters, visit: http://www.forex-trading-reference.com
Written By: Dan Ho
WORLD FOREX: Dollar Ekes Out Gains In Thin Holiday Trade Wall Street Journal TORONTO (Dow Jones)--The dollar eked out marginal gains Friday in activity made narrow and illiquid by the close of US ... FOREX VIEW:Dollar Could Firm Within Existing Ranges Next Week WORLD FOREX: Return Of Risk Aversion Keeps Dollar Rising WORLD FOREX: Dollar Posts Large Gains After June Jobs Report |
 Boston Globe | FOREX-Dollar up vs euro, down vs yen on weak US jobs data Reuters "The weak jobs report reinforced a trend already in place in the forex market prior to the release, that is, that the dollar was oversold," said Camilla ... Still No Change in Tight Forex Ranges after ecb's Rate Decision Forex trends: euro is trading down versus majors Dollar gains as US jobs report rattles markets |
 Reuters | FOREX-Euro recovers from sharp falls vs dollar Reuters LONDON, July 3 (Reuters) - The euro recovered modestly against the dollar on Friday after falling sharply in the wake of bleak US jobs ... Forex − Risky Assets take a hit on US Payrolls FOREX-Dollar dips vs euro in holiday-thinned trade Forex news: the yen falls against European majors as Japanese ... |
 Reuters | WORLD FOREX: Dollar Rises, Euro Falls Waiting For Payrolls Wall Street Journal LONDON (Dow Jones)--A small rise in risk aversion has helped the dollar and hit the euro in Europe Thursday as the market waits for the ... FOREX-Dollar falls as stocks gain; Europe data dent demand WORLD FOREX:Euro Falls Below $1.40, Down Vs Yen On Payroll Data WORLD FOREX: Yen Up On Risk Aversion After US Jobs Data |
WORLD FOREX: Dollar Mixed In Light Holiday Flows Wall Street Journal TORONTO (Dow Jones)--The dollar is mixed Friday morning as light trading flows due to the Independence Day holiday in ... |
Japan's new forex tsar seen sticking current stance Reuters Besides economic turbulence, Tamaki is faced with a global debate on whether the world should decrease its dependence on the dollar as the main ... |
A Forex Trader's Tale of Central Bank Intervention Forex Hound In those days the dollar was under pressure so most of the orders were to buy dollars. It was the early 1980s and I co-managed a trading operation for a ... Forex Market Update: Japanese Yen Crosses Pare Losses In European ... WORLD FOREX: Dlr/Yen Up As PBOC Comments Ease Concerns Forex trend: yen pares its early Asian gains |
WORLD FOREX: Dlr Back Up A Bit Vs Yen After Post-Jobs Fall Wall Street Journal TOKYO (Dow Jones)--The dollar rose back slightly against the yen in Asia Friday after tumbling yesterday on weak ... |
 China Daily | WORLD FOREX: China Helps Dlr; Risk Hits Euro, Data Hit Pound Wall Street Journal LONDON (Dow Jones)--Reassurances from China about its reserve policy left the dollar higher but the euro has ... Dollar gains as data suggest brighter US economic outlook FOREX-Dollar recovers, supported by low risk demand Stocks gain on recovery hopes |
 AFP | CORRECT:WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower Wall Street Journal ("=WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower" published at 0928 GMT and 0929 GMT, misstated the level of the dollar against the yen in the 15th ... Liquidity crunch to keep US dollar demand strong Forex Trading - Dollar Down, Positive Finance News Dollar drops against rival currencies |
