InvestMacro FX

By Nigel Butcher

The first thing anyone deciding to get involved in Forex for the first time will find out is that there are thousands of strategies available with varying degrees of success.

This makes it very difficult for the novice to decide which one to go with.

Having a strategy when trading Forex is absolutely critical, anyone thinking they will just trade off their instincts and ‘hope for the best’ is likely to exit their forex trading career faster than they started it!

Every successful trader will have a very clearly defined and well structured strategy that they have to be able to trust and that’s based on well founded principles. It’s important to identify a trading course to follow to give yourself the best chance of success.

In addition there is a need for ongoing support and mentoring, bear in mind your objective is to build an income from your trading it’s therefore extremely important to you are successful.

This is why ongoing support and mentoring usually makes the difference between success and failure.

After all, if you were learning to drive a car you wouldn’t simply buy a book, read it and then head off down the motorway. You would get an instructor that would guide you to apply everything you need to learn to drive until you were good enough to be able to drive the car safely.Trading is very similar. You won’t become successful by simply attending a seminar or reading a book on it, many people believe they can, but this is the primary reason why the majority of novice traders aren’t successful.

Trading needs to be taken seriously; first you need to take the course to understand the principles and techniques that need to be applied.

But then, just as importantly, you need an instructor with you every step of the way to help you apply those techniques and gradually get better and more consistent.

Strategy and support are both critically important to every new trader if they are serious about becoming successful.

About the Author

Nigel Butcher is Marketing Director at FX Professional. FX Professional offer a complete Forex trading course with mentor support. Download our free Mini Forex Trading Course and Top Trading Tips Now! Click Here

By David Adams

There are an adventurous few who plow headlong into trading with the style and grace of a Brahma bull. These are the brave few who neglect to take the time to develop a trading methodology and personal self-discipline to trade effectively. The end result is almost always the same; complete and utter failure. Of course, this group of people seem to trumpet the pitfalls and difficulties of trading to anyone who’ll listen.

I hear stories like this, and similar stories, on a consistent basis. People tell me they knew “so and so” who tried to trade and lost a fortune. It seems everyone knows someone who has lost a considerable amount of money trading in the futures market. Unfortunately, there is a never ending supply of those adventurous few who plow headlong into trading with the style and grace of a Brahma bull. So the story perpetuates itself over and over.

I’d like to take a moment with these frightened souls and explain to them that there is a controlled and methodical technique for profiting in the futures market. You don’t need to charge into the markets like a mad bull.

But for many, the damage has been done and rumor can be much more powerful than fact. The average American is, by nature, averse to excessive risk. Most individuals work hard for their money and don’t care to fritter it away carelessly. As futures traders, and educators of futures traders, this is the problem we face.

Of course, there are risks associated with trading e mini futures contracts, and deliberate money management techniques must be implemented along with very exacting trading technique in order to be successful. In short, it takes discipline and experience to be a successful futures trader. But it can be done.

There are a large number of successful traders in the United States, but they seem to be a quiet bunch and go about their business without fanfare or accolades. These folks are interested in making a great living and, by and large, do so without braggadocio or drawing excessive attention to themselves. Needless to say, there are a few braggarts out there. I always seem to meet them at cocktail parties and endure hours of explanation on their trading technique and the millions they have made in the market. I seem to attract them. I don’t know why, but cats seem to feel the same way about me. I prefer the cats.

The point of this article is to emphasize that well controlled trading is possible and profitable. Individuals who equip themselves with the proper knowledge, training, and mentoring stand a good chance of success. They just don’t know it because they’ve listened to the crowd of mad bulls who charge into the market. I wish it weren’t so, because trading can be such an enjoyable profession and creates a wonderful sense of self satisfaction. I feel that we, as trading educators, have failed to get the word out on responsible and profitable trading. For this reason, trading is perceived as a risky and foolish endeavor; better suited for mad bulls.

My goal is to responsibly educate the public, whether they trade not, that rational individuals make a living trading in the futures market. Whether people choose to trade not is up to them. But I would like for the public to have a more rational view of the trading profession. We are not the greedy Wall Street types, nor are we excessive risk takers. We are a group of people who have learned to control risk and embrace it to our advantage. In short, we need to dispel the notion that futures traders are mad bulls.

About the Author

You can sign up for our free video series by Clicking here These videos contain advanced trading strategies and will enhance your trading knowledge immeasurably. Best of all, they are free!

By James McKee

Despite the current dismal economic conditions elsewhere in the world England certainly seems to be making headway. Bank of England interventions have lead to increased GDP and a more prosperous outlook for England as a whole. The GBP|USD pair in the Forex Currency Exchange has certainly been making gains, a Fibonacci retracement of 23.6% is in the works according to some economists. Many predict that the Bank of England will soon change its dovish tone and that the English economy will continue to prosper through the near future.

Most leading economists believe that the Bank of England will continue its current policies into the foreseeable future in light of the fact that England’s economy is slowly improving. Many however believe that policies will change in an effort to coax further and faster progress. It has certainly been the case in the past that central banks of western countries do not know when to quit and to this end the “natural” rise and fall in the value of currency is rarely seen. Thus we as traders are left with analyzing and interpreting the actions of central banks and other financial policy makers.

Many are taking a keen interest in the GBP|USD pair because the correction of the USD has already begun in the Forex market despite an elevated US stock market. This correction is projected to come about in the upcoming months while the outlook on the pound is optimistic so once again betting against the dollar seems to be the best strategy here. Stay informed about any events that might take place regarding both the Federal Reserve bank and the Bank of England to be aware of any changes on the horizon. While this pair won’t take you to the moon in the near future it just may yield some healthy profit in the coming weeks.

About the Author

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.

By Lance Peters

This article is not a tutorial, merely an encourager; you really do need to learn from the experts. However I can tell you a little about what Forex trading is, where it comes from and some of the possibilities.

FOREX stands for Foreign Exchange Market, also called FX, or the Currency Market. It is a world-wide market for the purpose of the exchange of one currency for another for trading purposes. When the world, following the US lead under Nixon, gradually abandoned the gold standard, the Bretton Woods system, set up in 1944, gave way to the FX during the 1970s. The Forex determines how the values of different currencies are related to one another. It operates for 24 hours a day, 5 days a week, i.e. 20.25 on Sunday until 22.00 on Friday [this is Greenwich Mean Time] The volume of trading is massive. It is estimated that an average of $1.8 trillion per day is traded, making it the world’s greatest financial sector.

Want to give it a try? Yes, you do have a long way to go but it can be financially worthwhile as well as very, very interesting. The basic idea is to buy low and sell high, coming out with a profit. However there is much more to getting this right than meets the eye. You need to get into the habit of studying trends, find out the rules and regulations governing the Forex market and how trading takes place. Reading and studying every bit of information you can find online, offline and in books; attending seminars and lectures; talking to the experts will help. Before you start trading, you need to know enough to plan and form strategies. Trade small at first until you are confident that you know the ropes, your experience is growing and your strategies actually working. You can find good tutorials online conducted by experts. There are also websites offering software that you may find very helpful. Your knowledge needs to expand to include world events and day- to-day happenings. Everything significant that happens in the world affects currencies and trading. This will help you to make informed decisions about what to trade in and when to make your moves. You are going to need both discipline and confidence. You cannot make the right decisions running on emotions. This is no lottery! You cannot be greedy, or blindly follow forecasts. The successful investor is going to be successful from making the right decisions for the right reasons and nothing else. If this all seems too much for you, you can approach a forex broker to act for you, or you may be able to get advice and tips, to help you along. Just be sure that he has a proven success record. Although it is not an easy task to negotiate the mysteries of the Forex, when you do you can turn just a few dollars into thousands by buying and selling the right currencies at the right times.

About the Author

One way to learn forex trading is to take a short course that focuses on currency trading.

By James McKee

Since the recent G20 summit all eyes have been on the USD, GBP, and the EUR to see where the Forex Currency Exchange is headed for the near future. Speculators predict that the AUD will be experiencing a correction due to the fact that gold is experiencing a surge in value and Australia is one of the world’s largest producers of gold. The current gold prices have resulted in an artificial inflation of Australian currency is sure to correct itself soon.

Such corrections are sure to increase the lucrative aspects of the EUR|AUD pair in the coming days, the rally has already begun and I am sure it will continue. Such information regarding current events is very helpful to traders looking for a pair to watch in order to gain some pips quickly and efficiently. Pairing the EUR with the JPY would also be a great strategy right now because the Yen certainly seems to be on a falling rate of value as of late. This is great news for many of us looking for serious pippage on a given pair in the forex exchange.

Utilizing proper chart techniques including pivot points will be key in being successful with regard to the EUR, do not jump in and expect a miracle just because you know that a given currency is going to behave a certain way overall. There will always be lows to go along with the highs of a given pair. The Bank of Japan is still acting in earnest in an attempt to lover the value of its currency on a regular basis which is a great indicator of the value of their currency. Bearing these realities in mind will help you to avoid many of the pitfalls in the Forex Currency Exchange. Stay nimble, stay aware and as always happy trading!

About the Author

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.

By Andrew Daigle

Forex, also known as the foreign exchange market is the busiest financial market that boasts of over $1.5 trillion worth dealings in a day. Although this market has no physical location, it operates efficiently through an extensive network of banks and corporations. The Forex market is far more volatile than the traditional market and relies heavily on speculation. Forex currency trading can be very lucrative for those who understand the importance of “timing a trade” and are willing to stake long hours in research and market study. As a Forex trader, you should be able to forecast Forex trends for successful trading. Forecasting is one of the most crucial aspects of Forex trading and if you are able to predict market trends well, you can save yourself from financial disasters. For forecasting Forex trends successfully, you need to look into various details such as historical trends, past performances, and market movements.

Financial experts depend on technical and fundamental analysis to study current trends and predict future trends. Existing data and facts can be used to forecast the movement of the economy and the stock market and how this would impact individual securities. Financial analysts apply several methods to forecast the foreign currency market that include the most popular methods namely, technical analysis and fundamental analysis. These methods are commonly used to understand how the foreign currency exchange market operates and how even the slightest fluctuations influence currency rates and subsequently the whole currency trade. Both these methods are entirely different from one another but serve one common purpose – Forecasting Forex trade. As you understand how technical and fundamental analysis can help in forecasting, you will be able to combine the two for better forecast and more lucrative trade.

Technical analysis relies on past performances that are indicated through charts and graphs compiled on the basis of past Forex market movements. These movements are nothing but major events that occurred in the past and how they affected the currency rates. Experienced Forex traders and brokers greatly depend on technical analysis, as it is drawn from actual figures and trends in the Forex market. For effective technical analysis, you need to understand how past performances, current events, and changing currency prices influence the market action and therefore need to take into account the supply and demand as well. Financial experts believe that the price movements generally repeat in a particular pattern over a period of time. As a Forex trader, you need to study and understand these patterns well in order to forecast successfully. When looking at the past performances for technical analysis, you must divide your study into five main categories namely; number theory, indicators, gaps, waves, and trends.

Fundamental analysis is another important method for forecasting in the Forex market and forecast is based on events that have not yet occurred. You can forecast price movements by taking into account number of factors that include environmental factors, political changes and natural disasters. These factors greatly affect supply and demand in the market and eventually influence price of currency. Although the fundamental approach is quite effective, it cannot rely on it alone to predict in the Forex market. Experts combine this analysis with technical analysis to predict accurately and expect changes in the currency exchange trade.

If you are keen on investing your money in the Forex market, a basic understanding of how the Forex currency trading system functions is crucial. This will help you to predict which direction the currency trends will move and how you can use this information to maximize profits. If you are not familiar with the way the Forex market operates, you may consult with an expert Forex broker who can take off the burden and advise you about Forex trading and planning entries and exits effectively.

About the Author

Andrew Daigle is the owner, creator and author of many successful websites including ForexBoost at http://www.ForexBoost.com and CashCurve at http://www.cashcurve.com , a site for learning about many online business opportunities.

By James McKee

The United States Federal Reserve bank set aside hundreds of billions of dollars to assist ailing companies such as General Motors who were in dire straights a few years ago. These bailouts cost the taxpayers in America dearly and also motivated the American government to lower the interest rates on its bonds in an attempt to encourage foreign investment in America. This devalued the US dollar by leaps and bounds in the forex currency exchange and continued the philosophy of betting against the dollar to gain profit.

While the Federal Reserve and other US financial institutions have made efforts to stabilize the US economy and its currency for the last several years and have been afforded very limited success. The most recent move on the part of the US government to pull its interest out of GM from 50% to 35% represents a very poor ROI overall. It was a failing investment from the get go, and that is why the US dollar continues to suffer despite efforts by the government. By taking these events to heart from an investment perspective the US dollar certainly comes across as a losing investment by anyone who cares to analyze it.

The Forex currency exchange is currently experiencing massive fluctuations due to the recent G20 summit and the perceived change it supposedly brought about. Many traders have noticed a renewed devaluation of the yen, a re-vitalized sterling and other interesting developments as time goes. Certainly there are other factors in the movement of these currency values but one thing is certain: things have been shaken up. It has never been a more exciting time to be a trader, paying attention to what’s going on in the market and getting in on the right pair at the right time can produce massive profit. Happy Trading!

About the Author

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.

Mr Jean-Pierre Danthine, Member of the Governing Board of the Swiss National Bank doesn’t deny the possibility of implementing a series of currency interventions aimed at restraining the growth of the Swiss Franc.

Yesterday he announced it during his speech in Geneva. But such steps will be taken only if there are high risks of deflation under the slowdown of the Swiss economic growth. At the same time Danthine notes that the Swiss National Bank hasn’t noticed any deflation processes in Switzerland so far. According to the inflation forecasts, the prices will remain intact over the next few quarters.

In its turn the Swiss Franc currency rate keeps rapidly growing and is going to update its high. The USDCHF chart indicates the formation of the strong bearish wave, which still may be wave B of level D1. The breakout of the MF Sloping Channel will give rise to the formation of either wave B on D1 in favor of the CHF strengthening or wave a(C ), indicating the weakening of the Swiss national currency.

News expected for today (GMT):
15:30 USD Change in Non-farm Payrolls
15:30 USD Unemployment Rate
18:00 USD Fed’s Ben Bernanke speaks

Support/Resistance levels:

0.9763 – 50%
0.9713 – 38.2%
0.9652 – 23.6%
0.9571 – the current price
0.9545 – 200%
0.9522 – 88.2%
0.9464 – 238.2% + D1 base

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Text: Ivan Zhigalov, an expert of the Department of studying Masterforex-V trading system

Got a question? – Ask it here »

Earlier this week heavy rains lead to serious floods in Indonesia, Malaysia and Vietnam, which caused a crop failure and consequently a price boom, on rubber in particular.
In the meantime, USD continues declining versus the Singapore Dollar (SGD) at Forex.

This week the price keeps shaping the 5^th subwave inside wave C on D1. Its constituents: wave A of level H8, a retracement for wave B, and wave a (C ) or C, which is currently being developed and has a 5-wave structure with H2 waves acting as its subwaves.

Thereby,  the Department of studying Masterforex-V trading system expects one of the following scenarios of the USDSGD price movement to take place:
·continuation of wave A/5 of level H2

·appearance of the upward MF Reference Point, with breaking through the MF pivots at 1.2854 and 1.2893 and coming out of the MF Sloping Channel, which will signify the end of wave a(C )/C of level H8
·elongation of wave a(C )/C on h8 through “the Hound of the Baskervilles by Elder MF”

Nov 5^th. Forthcoming news (GMT):

12:30 GBP Producer Price Index Output Core
12:30 GBP Producer Price Index Input
13:00 EUR Euro-Zone Retail Sales
13:00 EUR German Factory Orders
15:30 USD Change in Non-farm Payrolls
15:30 USD Unemployment Rate
15:30 USD Avg Hourly Earning
15:30 USD Change in Private Payrolls
15:30 USD Avg Weekly Hours All Employees
15:30 USD Change in Manufacturing Payrolls
15:30 USD Fed’s Charles Plosser Moderates Panel at Atlanta Fed Conference
16:30 USD Fed’s Thomas Hoenig Speaks on Economy
17:00 USD Pending Home Sales
18:15 USD Fed’s Richard Fisher Moderates Panel at Atlanta Fed Conference
20:20 USD Fed’s James Bullard Moderates Panel at Atlanta Fed Conference
22:00 USD Consumer Credit
23:15 USD Fed’s Jeffrey Lacker Moderates Panel at Atlanta Fed Conference

upport/Resistance levels:
1.2893 MF pivot
1.2854 MF pivot
1.2821 the current price
1.2804 138.2%, 223.6%, 138.2%
1.2773 150%, 238.2%
1.2743 161.8%, 261.8%, 176.4%
1.2705 176.4%, 300%, 200%
1.2677 150% W1, 188.2%, 323.6%, 223.6%
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Text: Alexander Bobrov, an expert of the Department of studying Masterforex-V trading system
Got a question? – Ask it here »

By David Adams

I have certainly traded on a variety of trading platforms throughout the course of my career. Some platforms have been a joy and a sheer pleasure on which to work, and other platforms made me want to set my hair on fire. The variety and quality of trading platforms available to traders varies from awful platforms to excellent platforms.

Word out to meet, I would simply list the platforms that are of high quality and list the platforms that were awful. Unfortunately, if I took that approach the pile of lawsuits and cease and desist would have my mailbox overflowing. So I have chosen some characteristics of great platforms and enumerate why I think they are particularly effective.

Of course, the effectiveness of any platform is directly related to the quality of the data feed. For the purposes of this article, we will assume all platforms have an adequate data feed and simply eliminate that variable from the discussion.

1. A good platform has a quality set of charting tools at your disposal.

When trading and active chart it is essential to be able to draw in trend lines, Fibonacci retracements, pivot points, and a host of other tools that traders other than myself may deem necessary. You should not have to have a degree in physics in order to facilitate the drawing of these symbols. The procedure for entering trend lines and other symbols should be effortless and accomplished without excessive thought. After all, your primary focus in trading is the price action on the chart not figuring out how to draw up lines on your chart.

2. A good platform should be easy to read and interpret.

A good platform should be easy to read and set up. You should not have to read a 200 page manual in order to operate the software. The chart should be clear and easy to understand and the index readings should be legible and prominent. Platforms that are difficult to set up, or require daily maintenance to set up waste valuable trading time and ultimately cost the trader money. A quality program will also save your settings from the previous day and when you start the program the following day the exact settings should appear, you should not need to add your oscillators and indicators on a daily basis.

3. A good platform has a complete set of oscillators and indicators.

There is nothing more annoying than using a platform that does not have a complete set of indicators or a method to add those indicators to the chart. Many lower end platforms feature five or six basic indicators and that is the extent of their functionality. Further, a good platform should allow you to adjust time periods and other variables in the indicators to your personal preference. Once again, it should not take an excessive amount of time to perform these functions. They should be self-explanatory and not require paging through the dreaded 200 page manual to ascertain how to set a 14 period setting on a commodity channel index.

4. A good platform allows for a number entry and exit options.

A good trading platform allows you to quickly set the number of contracts you intended trade while also providing you the means to set your profit target and stop loss limit. This should be a seamless activity and not require an excessive amount of time. Most good trading platforms also have a provision that allows you to scale out of trade at certain profit points. Further, a good platform will have an easily understood trailing stop feature that is simple to set up. You should also be able to set up a simple bracket trade with a minimal amount of effort.

5. A good platform never fails or crashes

There is no worse feeling in trading than being in an active trade and the platforms software fails. There is no excuse for software incompatibilities with operating systems. The platform is the essence of your profession and should perform as such. This particular requirement is one of my pet peeves, as I traded ones on a platform that was very unstable and made for a long and frustrating day. I have never used that platform again, and never will. Software designers are well aware of the design flaws inherent in trading platforms and there is absolutely no reason that these flaws should not be addressed in a manner which insurers the trader of a crash free trading experience. There is nothing worse than buggy software.

There are many other inherent flaws in trading platforms software, but these five stand out as deal killers in my book. I will not tolerate any of these flaws and will quickly change platforms if I encounter these problems with any frequency. Of course, a one-time glitch can be expected. But a consistent and reoccurring glitch in trading platforms software is inexcusable.

About the Author

Would it be convenient to recieve valuable trading tips every night in your email? You can sign up for our free video series by Clicking here These videos contain advanced trading strategies and will enhance your trading knowledge immeasurably. Best of all, they are free! So Clicking here These videos contain advanced trading strategies and will enhance your trading knowledge immeasurably. Best of all, they are free!