Month: January 2011

Auto forex trading is a very popular business amongst people who wants to make money online via the internet. Currently the demand has risen leading to automated software robots. If you want to automate your forex trading, then you should consider using a professional forex robot.

But before you consider using a trading system, there are a number of factors that should be checked. The reason why potential traders use these automated robots, it’s because the system will help you learn how to trade forex as well as building your confidence.

Let’s look at some tips that can help you make money online by automating your trading;

a. When you trade forex with a trading system, the software will automate your entire trading task with less or no human intervention and this will make you money on autopilot.

b. Most of these software robots have the ability to predict the market condition by using the past and present data.

c. When you use the said system, you will be able to make profitable decisions that will lead to high Return On Investment (ROI).

The above three points are some few benefits of trading with forex robots. Most of these auto forex trading system works with advance trading platform. These platforms are provided by forex brokers.

Let’s look at some tips that can help you select the best forex trading system.

1. Identify Forex Robot Reviews

2. Check Customer Testimonials

3. Check the Back Test

4. Price and Discount if possible

5. Money Back guarantee

5. Negative Comments

The above tips are just a few. But from my own experience, I would suggest you visit forex related forums and ask about the any auto system robot. From there you will get positive feedback from interested people.

Also what can help you to trade forex is by opening a free practice account that will teach and train you how to locate profitable trades. These demo account are free to access and you can use it any time you want.

Indeed auto forex trading robot can automate your entire task without any complication. If you want to learn how to do forex trading this year, then you should consider using a professional forex robot with high winning rates.

Do you want the Automatic Trading System? Then please visit this Forex Trading Software site review that will explain how to generate more profits and income for your currency trading business with Minimal risks.

About the Author

Article courtesy of http://www.ebusinessreviews.net

The place to trade currencies is the foreign exchange market, often referred to as the FX, forex or currency market. It is over-the-counter, decentralised and worldwide.

Businesses utilise the foreign exchange market to help with both international investments and international trade as it enables them to convert one currency to another. This allows businesses to import, for example, French goods and pay in Euros rather than Pound Sterling, even though the business’s income is Pound Sterling.

Foreign exchange spot trading, sometimes referred to as Spot FX trading, is buying one currency with a different currency for immediate delivery, rather than for future delivery. It enables you to buy “on the spot” with transactions typically taking 2 days but this can be done more quickly. Spot forex transactions have a far shorter delivery time. It is generally used when clients need to buy and sell currency and transfer it within the shortest period possible.

According to the Bank of International Settlements in April 2010 the average daily turnover of spot transactions was $1.490 trillion

So why is spot FX trading such big business?

With a wide variety of different factors affecting the value of different currencies worldwide simultaneously, the ability to buy or sell currencies as their exchange rates rise or fall – by even the smallest movements – can make a difference to your bottom line. Spot FX enables you to take advantage of movements in the currency markets instantly in order to suit your business requirements.

Flexible Spot Forex Trading

The key benefit of spot foreign exchange is the ability to react to fluctuations instantly and as such, many specialists have opened offices.  These are experts in their field and will be able to give you advice on how best to trade. When looking at specialist you should ask the following:

• Do they have access to exchange rates in all major and emerging currency pairs
• How long will the settlement period be for which your agreed exchange rate will be held.
• How quickly they can settle a transaction
• Do they have a personal spot dealer and tailor made service.
• What are the settlement and monitoring processes

In addition, if you are making or receiving payments to the same suppliers on a frequent basis, enquire if mandates can be set up for future use to smooth and speed the settlement process even further.

About the Author

Article provided by corporate-fx.co.uk

Late yesterday afternoon, Exelon (EXC) declared its quarterly dividend of 52.5 cents per share, maintaining the amount paid to shareholders last year. Based on the current stock price, investors can expect a yield of about 4.9% going forward.

Jan. 26 (Bloomberg) — Anand Mahindra, vice chairman of Mahindra & Mahindra Ltd., and Victor Chu, chairman of First Eastern Investment Ltd., talk about the outlook for economic growth. They speak with Francine Lacqua on Bloomberg Television’s “The Pulse” at the World Economic Forum in Davos, Switzerland.

By Adam Hewison – The question many investors are asking themselves today is, just what happened to the price of gold?

Did the world change? Did the problems in Europe go away? Did all the states manage to find funding to cover their deficits?

No, none of that happened, but gold still dropped $100.

It’s all about market perception and timing, two things we’ve talked about many times before on the Trader’s Blog. I don’t know about you, but I remember when gold was over $1,400 an ounce and all I could see on TV where ads from gold companies extolling the virtues of buying gold as it is real money. Since the fall, I expect we’ll see fewer of these advertisements on TV and in print.

So what did happen to gold?

Well, for starters there were some key technical levels broken. If you’re a gold trader, but not a technical trader, you really need to learn how to read charts and see what other traders are doing.

Free technical trading course from MarketClub here: http://club.ino.com/join/lessons/

Secondly, there did not appear to be any other news to drive this market higher. When that happens, markets tend to fall under their own weight, and as many retail investors purchased gold, there was nobody on the other side of the market to support gold.

So the question is, is the move over in gold? That’s a tricky one. I want to show you in today’s video exactly how we’re looking at this very emotional market. Every time we have created a video indicating that there would be some pullback in gold, we were bombarded by the gold bugs saying that we’re crazy. When you see a market pullback as much as gold has, you have to have some respect for the market itself.

If we look at the price of gold today at approximately $1,330, it pretty much equates to what happened in the last 30 years when gold was trading at a high of $850 an ounce. If you factor in inflation over the last 30 years, gold is probably lower now than it was 30 years ago. So how good an investment is gold? I think gold is more of a barometer of fear than anything else. Clearly there are other investments in the marketplace that have better returns.

Let’s get back to gold and what we think will happen. In this short video we analyze the market using our “Trade Triangles,” the Williams%R, and the MACD indicator.

As always our videos are free to watch and there are no registration requirements. If you like what you see please comment on our blog and feel free to Tweet or e-mail your friends. I think there’s an important takeaway message in this video – what goes up, must come down.

Enjoy the video.

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

By J.W. Jones, optionstradingsignals.com

Written by FastBrokers House
2011-01-26 00:00

Better day for sterling.  Cable up at 1.5875 from early 1.5825, EUR/GBP down at .8633 from early .8650.

Cable came under fairly heavy selling pressure early, reaching session low 1.5771 before recovery.  The recovery was helped in no small part by buying from China.  UK clearer noted buying aggressively as well and we were soon back above 1.5800.  Asian sovereign stepped in selling above 1.5820 and that slowed the rally for a time.

The release of the latest BOE minutes, showing 2 MPC members now calling for a rate hike elicited a spike higher in cable.  The pairing stood at 1.5825 just ahead of the release and has been pretty well underpinned ever since.  Middle Eastern sovereign buying has also been noted.

Talk now of buy stops through 1.5900 and 1.5930.

EUR/USD sits at 1.3705, marginally firmer from early 1.3690.  The pairing came under a little pressure early, the market a little wary of the Irish Finance Bill vote.  We got as low as 1.3654 before recovering strongly.  Russia was strong buyer around lows.  Middle Eastern buyers also notable.  We quickly got over 1.3700 and managed to take out well-touted 1.3720 dnt interest (session high 1.3721) before bout of profit taking ensued.

Now talk of 1.3725 barrier option interest.  Trailing  sell stops noted through 1.3680.

USD/JPY up at 82.20 from early 82.05.  It’s been all go….not really.  US  treasury yields are firmer this morning and that has provided the pairing with a little support.  Still talk of Kampo buy interest 81.90/00. Japanese importer interest also seen down there.  Sell stops seen through81.85 and 81.80, take your pick. Doesn’t really make much odds.  Trailing buy stops through 82.70.

Market Commentary provided by FastBrokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regarded neither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By GCI Forex Research

Fundamental Outlook at 0800 GMT (EDT + 0400)

USD

President Obama’s State of the Union address was a focal point during the Asia session. Expectations had been building in the market, that Obama might incentivise US multinationals to repatriate their overseas earnings. The dollar was bought ahead of the speech on this, but sold off again when it became clear that no such proposal was in the pipeline. EURUSD traded 1.3633-1.3704, USDJPY 81.98-82.39. The USD also enjoyed a temporary bounce earlier after a much stronger than expected January consumer confidence reading. The Conference Board consumer confidence index rose 7.3 points to 60.6 in January (cons 54.0). US equities finished essentially flat on the day. The focus will now shift to the upcoming FOMC statement. Our analysts do not think that the FOMC statement will suggest a near-term change in monetary policy. However, investors will be focused on the inflation outlook language and whether any of the new voters on the committee dissent in a hawkish direction.
EUR

The first issuance of an EFSF bond saw strong demand. Orders of EUR44.5 bn were received for only EUR5 bn in issuance. EFSF CEO Regling expressed the hope that the bond issue could well be a turning point in the sovereign debt crisis. By contrast, our European rates strategists continue to expect to see an escalation of the crisis.
ECB Governing Council member Honohan said he would not expect an “abrupt response” in terms of the ECB’s monetary policy given that inflation expectations remain well-anchored. ECB Governing Council member Nowotny said he does not expect a change in the policy rate in the first half of the year.
GBP

The GDP print for Q4 was poor, declining by 0.5% versus consensus at +0.5%. The ONS has said that the reading is due largely to the adverse weather conditions impacting the services sector, and without this effect, the print would have been largely flat. However, even with this temporary weather effect, the number was disappointing and casts doubt about the sustainability of the recovery in the UK.
BoE Governor King downplayed the significance of the weak GDP number and stressed the MPC’s commitment to low and stable inflation. He did not seem in any hurry whatsoever to hike the policy rate. Our UK economist does not expect the first hike come until Q3.
Today’s BoE minutes will likely sound more hawkish, simply because the MPC will have had the high inflation print at that meeting, but they will not have had today’s GDP data.
CAD

Canada inflation readings came in a bit under expectations for the headline and core inflation readings, weakening the Canadian dollar for the session. Headline CPI rose 2.5% y/y vs. expectations of 2.5% y/y and core inflation rose 1.5% y/y vs. expectations of 1.6% y/y. While headline inflation is now above the mid-point of the Bank of Canada’s 1% – 3% inflation target range, core inflation remains safely below, where it has resided for most of the past 3 years.

TECHNICAL OUTLOOK
USDCHF 0.9301 key support.
EURUSD BULLISH Outlook is bullish; rise through 1.3741/86 resistance zone would expose 1.3825. Support at 1.3541.
USDJPY BEARISH The pair eyes 81.85; Move below the level would expose 81.61 ahead of 80.93. Near-term resistance at 82.67.
GBPUSD BULLISH Next support below 1.5752 lies at 1.5702. Resistance at 1.6017 yesterday’s high.
USDCHF BEARISH Violation of 0.9415 favors extension of losses towards 0.9301 key low. Initial resistance is at 0.9523.
AUDUSD NEUTRAL Motion is sideways; 1.0077 and 0.9804 mark the near-term directional triggers.
USDCAD NEUTARL Initial resistance at 1.0031; support at 0.9909.
EURCHF BULLISH As long as support at 1.2815 holds view pullback as correction. Resistance at 1.3069.
EURGBP BULLISH Recovery has scope for 0.8691 next. Initial support lies at 0.8529.
EURJPY BULLISH Recovery stalled below 113.03; break of this would expose 113.59 Fibonacci level next. Initial support lies at 111.64.

Forex Daily Market Commentary provided by GCI Financial Ltd.

GCI Financial Ltd (”GCI”) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (”Forex”) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (”CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Hello commodity peeps! From my last analysis on Silver, I mentioned that there was a head and shoulders pattern forming and the silver price could fall upon the said pattern’s breakdown. A few days later, it broke down and fell. From then on, silver continued to drop from the said pattern and could still do so. However, profit taking actions on short positions at the 26.50 support could occur at the interim. Such then could lead into a temporary rebound in prices. but if it further breaks below that area, its next support could be 25.00. Anyway, the immediate downtrend which I marked in the chart above will nonetheless work as a technical hurdle to prevent any extension in its rallies. Given this breakdown and the apparent swift in trend, I’d say that the bias now is to the downside my folks. It looks like I’ll be shorting this one on strength. But that’s just me.

By the way, here’s my post right when silver broke down from its uptrend and here’s the other post when I mentioned the head and shoulders pattern forming.

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