Latest Articles

Forex Price Charts
There are two kinds of Forex traders- the traders who use fundamental analysis and the traders who use technical analysis. I prefer the technical analysis, which ignores fundamental factors. Technical analysis is applied to the price action of...

Forex Trading - Advantages and Disadvantages
What is Forex Trading? Forex, or Foreign Exchange, is the simultaneous exchange of one country’s currency for that of another. This market of exchange has more daily volume, both buyers and sellers, than any other in the world. Taking place in...

Forex Trading: The Perfect Forex Trading System
Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the...

Forex Forecasting - Do You See Green In My Future?

Something that can help a Forex trader better predict price movements are what is called Forex forecasting. When you have such a high paced and chaotic environment has the Forex market, a tool such as Forex forecasting can be a great benefit. Forex forecasting uses both types of analysis, technical and fundamental. Although when they combine both types, this is when Forex forecasting gets its best results.

The reason that Forex forecasting uses fundamental analysis is because this type better predicts future price movements. When using this type of analysis it is very important to look at economic, political, environmental and other relevant external factors that have a direct or indirect effect on supply and demand. Someone who analyzes using this type of analysis has to be someone who is very skilled. This is because in the Forex market, when using this type of analysis for Forex forecasting they have to be able to predict fairly accurately what the price of currency should be based on external factors, not the actual current price.

On the other hand Forex forecasting involving technical analysis has a bit of advantage in basing its predictions on past market fluctuations. This makes it more based on factual information, rather than hypothetical like fundamental analysis is. Another advantage of this type of analysis is that they can look at several different markets and indicators at the same time. When using

Forex forecasting with technical analysis you must remember three things. These three things are that there are no surprises when using this type of analysis. Also when using this type of analysis the specific patterns are followed, which the market is based on, it is easier to predict a repeat of these patterns and successfully use this to your advantage. Lastly these patterns are a direct reflection of human psychology.

Details involved in technical analysis involves five different and distinct theories in order to be used in Forex forecasting. These theories include indicators such as oscillators (i.e. Relative Strength Index theory), the number theory including Fibonacci numbers and Gann numbers, waves such as the Elliott wave theory, gaps such as high-low and open-closing theory and trends such as following the moving average theory.

Regardless of all the theories that can be used in forecasting or which method is used, a lot of data and research goes into it. The use of new software and the readily available historical information can definitely make Forex forecasting a lot easier now then it used to be.

Check out http://www.forex-made-ez.com/ for more articles on forex made easy and forex brokerage.


Written By: Mike Singh




AFP


FXstreet.com The Forex Market


FOREX-Dollar little changed vs euro in volatile trade
Reuters India
NEW YORK, March 11 (Reuters) - The dollar barely budgedagainst the euro on Thursday, with trading volatile after a smaller-than-expected US trade deficit ...
FOREX-Dollar falls vs yen and euro after trade dataReuters

all 9 news articles »

Reuters


Earthtimes (press release)

WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock Rises
MarketWatch
TOKYO (MarketWatch) -- The dollar rose to a two-week-high against the yen Monday in Asia, as higher regional shares bolstered ...
FOREX-Yen slips on BOJ story, sterling stays heavyReuters
FOREX-Yen down on concern ahead of BOJ, pound slipsReuters India
GBP and JPY Under Selling PressureForexyard
Ninemsn -Forex Hound
all 355 news articles »

US dollar flat on Taipei FOREX
Focus Taiwan News Channel
Taipei, March 11 (CNA) The US dollar traded flat, ending the day at the previous close of NT$31.847 Thursday on the Taipei Foreign Exchange, apparently as a ...

and more »

Forex - Pound surges against dollar, hitting 3-day high
Forex Pros
Forex Pros – The pound surged against the US dollar on Thursday, breaking above the 1.5 mark to hit a 3-day high after a Bank of England report showed that ...

and more »

US Dollar Forecast Turns Bearish Against Euro, Canadian Dollar
Daily FX
Persistently narrow trading ranges across major currency pairs has led to similarly limited swings in forex sentiment, but impressive Canadian Dollar gains ...
Canadian Dollar Forecast to Remain Volatile Against USDDaily FX
British Pound Outlook Turns NeutralDaily FX

all 7 news articles »

FOREX-Dollar rises vs yen as US jobs data boosts optimism
Reuters
NEW YORK, March 5 (Reuters) - The dollar soared against the yen on Friday after a government report showed US employers cut fewer jobs ...
WORLD FOREX: Dollar Ends Broadly Lower; Canada, Australia LeadWall Street Journal
WORLD FOREX: Euro Falls Vs Dollar After RBA Says Europe A RiskMarketWatch

all 1,371 news articles »

Forex Flash

Sign up for PayPal and start accepting credit card payments instantly.