What is Forex? | We have 469 free forex articles/answers for you.
Latest Articles
Forex MarketsForex is a term that stands for "foreign exchange". Forex markets are beehives of trade activity that can be found in major cities across the world. To be a forex trader, one must be strong, patient, aggressive and quick thinking. It is also...
Forex Scams: How to Spot Them a Mile Away
In recent years, investors have witnessed increased number of investment opportunities and offerings. While the complexity and success of these investment products vary, technological innovation has made the Forex market one of the fastest growth...
Making Money In Forex Trading Fact or Fiction?
Find out the real truth about making money in forex trading. Recently theres been a surge of everyday, average investors choosing to invest the majority of their portfolio in forex trading. If you talk with those people, you'll find many feel...
Basic Forex Strategies Explained
When it comes to successful Forex trading, there are two basic strategies used by the majority of traders: fundamental analysis and technical analysis.
Fundamental Analysis
In fundamental analysis, Forex traders look for causes that might trigger market fluctuations. These may include political activities, financial policies, growth rates and other factors.
As you can imagine, fundamental analysis of the Forex market can be fairly difficult. For that reason, most traders use fundamental analysis only to predict long-term trends.
But a few use fundamental analysis for short-term trades. They review different currency value indicators that are released several times throughout the day, such as:
In addition, there are meetings held that provide quotes and commentary which may affect markets. These meetings, such as those of the Federal Trade Commission, Federal Open Market Committee, and Humphrey Hawkins Hearings, often discuss interest rates, inflation and other issues that have the ability to affect currency values.
Examining the meeting reports and commentary can help Forex fundamental analysts to better understand long-term market trends, and also allow short-term traders to profit from important activities and events.
If you decide to follow a fundamental analysis strategy, be sure to keep an economic calendar that shows when these reports are released. Your broker may also be able to provide you with real-time access to this kind of information via the internet.
Technical Analysis
The more popular strategy for Forex traders is the technical analysis.
Technical analysis of Forex trading includes the use of graphs, charts and other methods of measuring past data to see the indication of the rise and fall of currencies.
In other words, to spot
trends.
This is similar to technical analysis for equity trading, except for the timeframe--Forex markets are open 24 hours a day.
Because of this, some forms of technical analysis that factor in time must be modified so they will work with the 24-hour Forex market.
Some of the most common forms of Forex technical analyses are:
Many technical analysts use a combination of these studies to make more accurate predictions. Others create trading systems to identify trends in buying and selling conditions.
Most traders determine a strategy they're comfortable with and perfect it over time. Some focus on one particular study, while others use broad spectrum analysis to help with their trades.
Perhaps the best strategy is to try a combination of both fundamental and technical analysis. This will allo you to make long-term projections and also determine entry and exit points.
In the end, the best basic Forex strategy to use is one with which you are most comfortable (often determined through trial and error).
Your broker can also help you in making the right choice.
For more tips on how to succeed in the exciting and profitable world of Forex Trading, visit http://www.ForexTipsAndTechniques.com
Written By: F. Robey
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 |
 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 ... |
 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 | 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 FOREX-Dollar holds near 3-week lows as payrolls awaited |
 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 |
