InvestMacro FX

By Andrew Daigle – You began trading the forex market because you wanted to make money in one of the most lucrative markets in the world. However, to make a consistent profit trading currencies, a successful trader relies on different strategies and software to navigate the ebbs and flows of the foreign currency exchange. Here, we will focus on Fibonacci trading strategies, named after Italian mathematician Leonardo Fibonacci. Fibonacci retracements help traders identify how far the foreign currency rate will go before it begins stalling or falling.

Before I continue, let’s go over the very basics that will help you incorporate the Fibonacci strategy into your own forex strategies. Fibonacci numbers are easy to identify because they are a series of numbers when you add the first and second number, the answer will be the third number, and so on. For example, you add 1 and 2 to get 3, and 2 and 3 to get a total of 5. See if you can continue the sequence a few more digits.

You should have gotten; 1, 2, 3, 5, 8, 13, 21, 34, 55. Great, so what does this have to do with forex strategies and trading foreign currency? Well, these numbers will help you develop forex techniques that anticipate and take advantage when a particular currency changes trends. Common knowledge among currency traders is that stocks and currencies often retrace a certain percentage of the previous move, usually 38.2%, 50%, and 61.8%, before it reverses. Your job as a trader is to watch these retracements and pull backs before determining if you want to open a long or short position.

Regardless of what trading strategy you utilize, Fibonacci retracements can help you identify trends, and act accordingly on them. When the foreign exchange rate begins to fall, or decrease in value, you can plot the levels on a chart (most automated forex software has a Fibonacci setting) and search for any signs that your stock is about to reverse.

As useful as Fibonacci retracements are, you shouldn’t rely on them as your only source for technical analysis. Don’t buy simply because the stock is at one of the common retracement levels; wait for another indicator to confirm what the Fibonacci patterns are telling you. Keep in mind that the task of plotting the Fibonacci patterns will be left up to each trader, but that most automated forex software does provide you assistance.

Incorporating a Fibonacci retracement pattern into any of your existing currency trading strategy is simple, just make sure you plot the lines and follow the information they are providing you. By adding Fibonacci patterns to your existing trading techniques, you can increase your accuracy for a near perfect graphical representation of how a particular currency is doing on the foreign exchange market.

The easiest way to get acquainted with Fibonacci retracements is to sign into your favorite forex trading website, and practice plotting retracement points. At first this pattern seems difficult, but after just a few moments most forex traders find themselves comfortably trading foreign currency using Fibonacci numbers.

About The Author

Andrew Daigle owns and operates many successful websites including http://www.ForexBoost.com , a free Forex educational site to learn Forex trading strategies and partners with http://www.FX-Instructor.com for live forex trading sessions and professional educational services.

By Markus Heitkoetter – Recently, Forex trading has become extremely popular. However, many people who are interested in Forex trading have little idea what it involves. They are often attracted to this type of trading based on its popularity and the belief that, because others are using it, it must be profitable. This is not always the case. Forex trading is most useful for larger companies rather than independent day traders. Still, if you want to get involved with Forex trading, you should understand how it works, and, more importantly, how it is different from the kind of trading most day traders do.

The first aspect of Forex trading involves interest rates. If you are trading the EUR-USD, for example, then you are buying the Euro currency and selling the US Dollar. In Forex trading, accounts are settled every day at 5:00pm ET, and at this time you earn interest rates on the currency that you bought and pay interest rates on the currency that you sold.

Here’s a useful example. Currently the European Central Bank (ECB) has set its interest rates at 4.25% while the Federal Open Market Committee (FOMC, part of the Fed) offers only 2%. If you trade EUR-USD and hold it overnight, then you receive the equivalent of 4.25% divided by 360 days for the Euros that you own and you pay the equivalent of 2% divided by 360 days for the US Dollars that you sold. So you are receiving the equivalent of 2.25% divided by 360 days every day that you hold this position. (It’s important to note that your broker will charge you the spread for “swapping” your position overnight. But if he is a reputable broker, then he will pay you the interest rate spread.)

The possibility of daily income is what effectively attracts people to Forex trading, but the actual profits you receive are relatively small. In our example, 2.25% divided by 360 is 0.00625%, which means that if you invested $10,000 in your position, then you would earn approx. $0.63 per day in interest.

Most day traders become less interested in Forex trading when they understand this. And that seems reasonable given that it is most successful when you have huge amounts to invest. Forex traders, or at least those who profit significantly from it, are usually large companies, institutions, hedge funds and banks that easily hold $100 million or more overnight and therefore earn $6,250 in interest every day. That’s $187,000 per month, and they hedge their positions to minimize the risk of fluctuations in the currencies.

If you are still interested in Forex trading, there are two factors you should keep in mind:

The first factor that moves currency prices is interest rates. If you are going to invest, make sure you have a currency pair moving when the underlying interest rate markets are open. As soon as the interest markets close, the prices of the currency pair will simply be moving sideways.

The second factor that influences currency prices is foreign investment. If you are a US company that wants to invest $10 billion in Mexico, then most probably you would have to buy the Mexican Peso to pay local contractors and workers. Though some might accept payments in US Dollars it is still very common to pay local companies and workers in their local currency. This is especially true if your company is manufacturing the products in Mexico but sells them in the US; you will have to sell US Dollars and buy Mexican Pesos on a large scale, since your income is in US Dollars and you have to exchange it into Mexican Peso to pay the workers in your Mexican company. Those two factors explain why you will see currency prices moving if a government introduces new rules and regulations for foreign investors. A change in the political landscape of a foreign country can cause sharp moves in their currency since it might affect the decision of large companies to invest in that country. These factors usually affect currency prices over days and weeks, maybe even months, and not necessarily within a single day. However, even throughout a single day you may see a sharp reaction of currency prices to geopolitical news and news that affect the interest rates of a currency.

Hopefully this helps you better understand what Forex trading is all about. If it seems attractive to you, then plan on spending some time researching which currency markets are right for you before jumping in. Obviously, there is plenty to consider when investigating these trades, and the research is very different than the kind that most day traders are used to doing since it involves knowledge of international currencies and even day-to-day politics. Still, if the possibility of regular daily profits remains attractive, Forex trading may be right for you.

About the Author

Markus Heitkoetter is the author of the international bestseller “The Complete Guide To Day Trading” and a professional day trading coach. For more free information on day trading visit his website http://www.rockwelltrading.com

By Jancho Chaushev

Forex online trading refers to the practice of trading stocks internationally, changing the currency being used. This allows the trader to use the fluctuating values of various currencies to make the most of each purchase. Trading online in the forex market is a risky practice, and there is always risk of losing money. However, there are specific steps a new trader can take to decrease those risks and maximize earning potential.

Step 1: Enjoy Yourself

If you have chosen to seek extra income from trading through forex online, and you feel bored and stuck at your pc, watching stock numbers, this is not the activity for you. Successful traders do this because they are fascinated by it; they watch the numbers and have a passion for finding the next great investment. You don’t have to be an aficionado to be successful, but you do have to care enough to watch the numbers and pay attention to the financial climate more than just when it is convenient.

Step 2: Trade Without Emotion

To be successful, purchases and sales must be made with no emotion involved. This means that an investment in a company that has an emotional impact, because of what they do or who owns or works for the company, is still just an investment. You should buy when it makes sense, and sell when it makes sense. Also, you need to walk into trading forex online knowing that you will earn money, and that you will lose money. Again, it is necessary that you remain unemotional so that your reactions are always logical, not emotional.

Step 3: Have a System

Forex online trading is a practice that must be learned over time. As that time goes by, you will learn about your own budget, as well as learning about the fluctuation patterns in the market, the level of risk for particular stocks, and so on. As you learn these details, you will develop a system. This system does not need to be specific to any commercial system; it simply needs to be based on logic and over time, it should be proven to work for you.

Step 4: Be Disciplined

Once you have developed a system that works for you (in general; there are not foolproof systems), discipline yourself to stick to your plan. In order to make money with forex online trading, you will need to treat this as you would a job. If your system calls for you to be watching your pc during certain hours each day, this is exactly what you need to be doing. Straying from your own self-set system will inhibit your success.

Step 5: Have enough Money to Trade Safely

Possibly the most important rule, this is absolutely necessary. Before investing money, ask yourself the following question: Can I afford to lose this money? What are the repercussions in the next month if I lose this month? Three months? Six months? Just as with gambling, you need to be prepared for the fact that your investment may not have a return.

About The Author

Forex Online Trading at fixed and variable spreads in one platform. Spreads as low as 0.1 pip. For details visit http://www.deltastock.com

1. TransMarket(TMG) – The main leader in the financial markets
Founded in 1980, officially changed its name to TransMarket Group in 1984. Headquartered in Chicago, is a large financial group collected of foreign exchange, futures, securities license. Owns the world’s most advanced trading systems MT4. TMG is a regular licensed securities and futures foreign exchange dealers. regulated By the UK Financial Services Authority (FSA) and the Australian regulatory ASIC. FSA ID:196476, ASIC ID:099 118 448.

2. FXCM
America’s largest foreign exchange companies. Headquarters are located in New York. Accept the NFA regulation, but the stability of the platform are criticized. NFA ID: 0308179

3. IKON
From the United States, a foreign exchange company. MT4 trading software

4. MG
One of the largest American foreign exchange companies set up in 1993. DealStationFX forex trading software

5. MIG
To provide online foreign exchange trading, a professional Swiss company, established in 2003. MT4 trading software

6. FOREX
One of the largest American foreign exchange companies. Created by a group of experienced professionals of Wall Street in 1999. Accept the NFA regulation. NFA ID: 0339826.

7. IFX and FX Solutions IFX
IFX is one of the world’s largest foreign exchange margin trading dealer. NFA ID: 0327627.
FX Solutions is a major market maker (PMM) in foreign exchange market, and represents the world’s highest foreign exchange trading industry standards. GTS platform. Spreads are relatively high. NFA ID: 0312620.

8. Alpari
A British foreign exchange dealers, accept the British FSA and American NFA regulation. MT4 trading software.

9. FXDD
The customer funds deposited in the “Malta” country. MT4 trading software.

10. CMS
CMS registered in NFA and FSA, one of the world’s largest foreign exchange trader. VT platform.

11. Forex Club
Forex Club International Finance Corporation is a foreign exchange dealers registered in the United States Commodity Futures Trading Commission and National Futures Association CFTC (NFA ID:0358265). EXPRESS FX platform.

12. PFG
An old American foreign exchange dealers, one of the largest American foreign exchange dealers, accept NFA NFA regulatory. ID: 0232217

13. GFT
GFT was founded in 1997, the general size of the company, Australian Financial Services License Number: 226625 Recommended platform: DealBook

About the Author

Article by forextradingrobotssoftware.info

By Markus Heitkoetter – Investors often look to experts and experienced traders for their predictions on how the market will trend. For example, I am often asked to predict where the Down Jones Index will be at any given time. The truth is, I have no idea how to answer these questions. Predictions on the market are like throwing a dart. Most traders would be thrilled if they could predict where the Dow will be just minutes from now, and, as the recent extreme fluctuations prove, no one knows when huge movements will occur.

What many day traders need to remember, however, is that successful trading does not require predictions. It requires a system to deal with the markets no matter what direction they are trending. I always tell traders the same thing: keep it simple! There are three simple rules to remember when trading that are better than any expert’s prediction.

First, buy when the market is going up, and sell when it is going down. I know this sounds overly simple, but too many investors forget to follow this very obvious advice. They may fall for concepts like “Dollar Cost Averaging” where you actually buy a stock even though it is falling. Although they may have read some persuasive defense of such a strategy, it goes against what should be obvious to everyone: you only make money if you own a stock and it is going up. When it is going sideways, or even going down, invest in a different stock or a different market altogether. Every day, you can find stocks that are going up, and profit depends on being able to find the ones that are rising now, not to predict which will go up in the future.

Second, know when to exit. Most traders stay too long in the market. Either they fail to take profits or they let their losses run too far. Both mistakes can be disastrous. You should know when to exit a trade even before you enter it. If you haven’t determined your acceptable loss and your target profit from the outset, then you aren’t yet prepared to trade. As soon as you are in a trade, place a stop loss order and a profit taking order. Good traders use a stop loss, but great traders use a profit target in order to maintain a profitable edge.

Third and finally, trade the right stock. The right stock, remember, is the one that is going up. This is where people usually want predictions. How else, they think, can you figure out which stock is going to improve? The fact is that there are a number of very easy tools you can use, not to guess the future, but to identify promising stocks. Use simple filters, and determine stocks that bounced back from an absolute or relative bottom. Do not try to pick bottoms or tops because it’s next to impossible. However, if you look for stocks that had been going down or sideways but are now moving up, you have a chance to catch a small move. The important thing is not to be greedy. You can make 25% per year by making just 5% on five different stocks. And it is of course much easier to make 5% on a stock than 25%.

With these three rules, you won’t need to depend on or even waste time looking for predictions. You simply apply each rule one at a time in a very careful and deliberate manner. First, learn to identify the direction of a stock. Then learn when to exit a stock. And then try to find or come up with a good filter to locate the right stock. Don’t try to do everything at once. Trading is not easy, but it can be simple. Don’t make it more complicated than it is. Plan your education, and take one step at a time. Learn something new every day, and you will be amazed how much you can learn in as little as a month.

About the Author

Markus Heitkoetter is the author of the international bestseller “The Complete Guide To Day Trading” and a professional day trading coach. For more free information on day trading visit his website http://www.rockwelltrading.com

By Daniel Shaw

Forex trading signals are the signals for buying and selling of a foreign currency. They show the time and the price level when opening and/or closing a trading position has the biggest potential for making profit. Signals can be a great help for the newbie traders who know the basics of trading but don’t have their own trading strategy yet. Companies that provide trading signals usually have a professionally developed trading system which according to these companies is effective and must be profitable. The cost of such trading signals is usually not very high and returns to the trader who uses these signals.

How can we check if the trading signals are worth their money? The best indicator is the opinion of people who you trust. It might be your friends, colleagues, relatives who have already used those trading signals and can share you their results. If you personally don’t know people who have already used the signals, you can look around and make your own research before subscribing to the certain signal services. As a rule the authors of the trading signals usually let their customers to get familiar with the history of trading transaction made according to their signals on their own trading accounts. With the help of these statistics you can judge the effectiveness of the trading signals provided. If the signals provider doesn’t offer the statistics of trading with its signals, it is better if you look for another signals provider. There are hundreds of signal services on the web today.

Usually the Forex trading signals providers do not guarantee the effectiveness of their product. The same as the money management servicers don’t offer the return of the capital in case of the losses. In both cases the risk lies on yourself as an investor. The best way to test the effectiveness of Forex signals is to make a short term subscription to them and evaluate their effectiveness on your own. Of course, you can waste some money if the performance is not good. More than that some signals providers require the minimum subscription for more than a month, which is embarrassing if your goal is just to try them out. In any case you will have to find the way to solve it and test the signals before you use them for trading with your capital.

Subscribing to Forex trading signals is very similar to the money management. In both cases you rely on the professionals, rather than analyze the market and execute positions on your own. In the first case you pay a fixed amount for the subscription and independently make the transactions through the platform of your online broker based on the received signal. In the second case, you trust to someone else to do the transactions for you and manage your capital, but you share with them a part of the profits made in your trading account. In both cases you take all risk of loss if the situation in the Forex market will unfavorable to you.

About the Author

Daniel Shaw is a proud author of many popular materials about Forex trading. Visit his portal Singapore Trader to find more information about Forex Trading in Singapore and Mustafa Forex.

Rumors are, the U.S. government “is propping up the stock market.”

By Elliott Wave International

Out of thousands of questions recently submitted to us at Elliott Wave International, the most frequent one received is: “Can the Fed manipulate the stock market?” Read our expert’s answer on this and other misleading “investment wisdom.” Read more.

You will find many intriguing Q&As at EWI’s Message Board. We offer it as a free way for our Club EWI members and subscribers to interact with EWI and the Socionomics Institute’s experts. We strive to answer every Message Board reader, and publicly post the best Q&As.
By far, the most frequent question we’ve been asked recently is:

“What is your take on the persistent internet chatter that the Federal Reserve is holding up the stock market via QE2, POMO, etc.? How can stocks ever decline again if the Fed is in control?”

We have several active Message Board posts that touch on “market manipulation.” But here is an eye-opening chart that will help shed more light on this issue.

EWI President Robert Prechter published this chart in his October 2008 Elliott Wave Theorist. Review this chart carefully. For too many investors, the crash of 2007-2009 is becoming a hazy memory. And almost no one in the mainstream financial media talks about the utter panic in the markets in September-October 2008, the worst part of the crash.

If you think back to that time, you may remember that the Federal Reserve and U.S. government took many aggressive steps to help stop the collapse. Every time they would announce a new intervention, the market would cheer. Result? Prechter’s chart gives an unequivocal answer:

[+] CLICK TO ENLARGE

As you can see, announcements of bailouts, unlimited credit, bans on short sales, etc., were powerless against the biggest stock market collapse in 76 years. The DJIA kept sliding. It didn’t stop until March 6, 2009 — after it had slipped below 6,500.

So: Is the Fed and the “Plunge Protection Team” engaged in market manipulation? You can browse EWI’s Message Board for some answers, but one thing is clear: When stocks were crashing two years ago, few dared to suggest that the Fed was in the saddle. Bob Prechter puts it best:

“When markets go up, the Fed seems to be in control; when they go down, it seems out of control. But the control aspect is an illusion.”

Get the 33-page Market Myths Exposed eBook for FREE
Learn why you should think independently rather than relying on misleading investment commentary and advice that passes as common wisdom. Just like the myth that government intervention can stop a stock market crash, Market Myths Exposed uncovers other important myths about diversifying your portfolio, the safety of your bank deposits, earnings reports, inflation and deflation, and more! Protect your financial future and change the way you view your investments forever! Learn more, and get your free eBook here.

By Sara Nunnally, Editor, Smart Investing Daily, TaipanPublishingGroup.com

We’ve been spot-on about the price of gold over the past three weeks. Take a look at this Kitco.com chart showing the top, and the subsequent drop back into the uptrend.

View larger chart

We’re getting closer and closer to that Fed meeting in early November, so we can expect a lot more fluctuation in gold prices at this level. I told you a while ago about two bearish chart patterns to be wary of: the Bump and Run Reversal, and the Head and Shoulders Top.

Gold’s run-up could be exhibiting signs of both, but would need to see prices break down below that bottom green line… which it nearly did a couple days ago.

Whether this movement is a consolidation of gains before the Fed meeting, or something more bearish that could take gold prices down into the $1,260 an ounce range, any predictions about the price of gold now would be pure speculation. So let’s take a look at another commodity. One that I’m calling the next “precious” metal.

Back in late September, the Taipan Publishing Group invited subscribers to our Annual Summit. This time, we met in Las Vegas.

During a panel discussion on the last day of the conference, there was a lot of talk about metals. Of course, folks asked about gold, but we also fielded questions about rare earth metals and lithium.

In my opinion, lithium is the next “precious” metal.

Here’s some background. Lithium is the lightest metal known, and is never found on its own. It’s always paired in some kind of compound. That’s because lithium is not a strong, stable metal in and of itself. It can, however, be used in alloys to make lightweight, stronger metals, such as those used for aircrafts.

It also has the highest specific heat of any solid element on the periodic table… That means that lithium can withstand a high amount of heat without breaking down.

Sorry for the science lesson, but all these characteristics I’ve listed are reasons why lithium is the next precious metal.

Right now, lithium is used in about 60% of all cell phones, and lithium ion batteries are expected to take the market by storm, with lithium ion batteries for the transportation industry jumping from $878 million this year to $8 billion in 2015.

Lithium only represents about 0.0007% of the Earth’s crust, and current production weighs in at just under 19,000 tons, or about 100,000 tons of lithium carbonate.

(Investing doesn’t have to be complicated. Sign up for Smart Investing Daily and let me and my fellow editor Jared Levy simplify the market for you with our easy-to-understand articles.)

In the meantime, according to Roskill Information Services’ “The Economics of Lithium,” demand between 2010 and 2020 is expected to grow at an annual rate of 6.4% just from existing applications alone… Throw in a huge bump from the transportation sector and lithium demand could see annual growth rates as high as 9.5%!

That means prices could increase drastically, too. Most pricing for lithium is done in long-term contracts for specific lithium compound — of which a multitude abounds. Earlier this year, lithium carbonate (one of the most popular compounds) imports to the U.S. averaged $4,500 per metric ton.

That’s up from $1,500 in 1999.

Currently, lithium represents about 3% of a hybrid or electric car battery’s cost. According to Roskill, hybrid batteries use between 0.5 kg and 2 kg of lithium. Plug-in hybrid batteries use between 1.8 kg and 4.2 kg, and fully electric vehicles use between 10 kg and 20 kg of lithium.

With interest in hybrid and electric vehicles growing so sharply, a 10% market penetration would mean demand for lithium would more than double current production. Just look at this chart:

View larger chart

Of course, that won’t happen all at once. Rather, lithium demand is expected to grow 11% this year and 13.4% in 2011. Then demand from hybrid and electric vehicles will start to kick in.

Now, there are a number of ways to take advantage of this trend, both in lithium demand and in hybrid vehicle growth.

Last Friday, we launched our latest free webinar titled “Green Power Metals: How to Cash In on the Clean Energy Future,” and in that video I outline three different investment solutions — battery makers, auto-efficiency management, and “Green Power Metals” mining companies… including this next “precious” metal, lithium.

You can sign up for this free video now, and get my free special report about Green Power Metals detailing one of the biggest lithium producers in the world.

The next “precious” metal is the start of a massive trend that will sweep through a number of industries, like personal electronics, auto-manufacturing, and mineral mining. We’re just seeing the tip of this trend with new electric vehicles coming to market. More are coming down the pipe…

And profits with them.

P.S. We’re also providing a chance to “retro-tend” our conference in Las Vegas in September. If you weren’t able to make it out to see us, we have a way for you to still “attend.” We’ve compiled a CD of every editor’s presentation and the two exclusive panel discussions from our three-day Global Opportunities Summit.

In all, you get more than 10 hours of investment insight, including my comments on lithium during the second panel discussion.

Find out how to get your copy of our Las Vegas investment conference.

Don’t forget to follow us on Facebook and Twitter for the latest in financial market news, investment commentary and exclusive special promotions.

About the Author

Sara is Co-Editor of Smart Investing Daily. As Senior Research Director and global correspondent, Sara Nunnally’s diverse resume includes studies in art history, computer science and financial research. She has appeared on news media such as Forbes on Fox, Fox News Live, and CNBC’s Squawk Box, as well as numerous radio shows around the country.

As Senior Research Director, global correspondent and co-editor of Smart Investing Daily, Sara has traveled all over the world in search of the best investment opportunities to recommend to her readers, be they in developed economies like France and Italy, in emerging markets like the Czech Republic and Poland, or in frontier terrain like Vietnam and Morocco. Her unique “holistic” approach of boots-on-the-ground research has given her an edge in today’s financial marketplace as she searches for the next investment opportunities in hot sectors like alternative energy, currency markets and commodities.

By Greg Holden – For traders interested in a “news trading” strategy, here is your guide. Looking at the AUD/USD over the past month, I noticed something interesting: this pair has actually been fluctuating sharply, and almost exclusively due to news events.

Look at the chart below. I’ve noted the dates of each sharp movement to help make this a bit easier. Here is the timeline:

Oct. 5: Australia’s retail sales figures came out worse than forecasts; ANZ posted smaller growth in job advertisements; and the RBA held rates steady at 4.50% due to market pessimism.

Result: AUD/USD dropped a whopping 104 pips over the span of a few hours, but rebounded once the US market opened following built-in short positions for the USD from an Oct. 4th announcement by Bernanke that the economy was in need of more easing.

Oct. 7: At 00:30 GMT, Australia posted better-than-forecast employment change data. At 12:30 GMT, US posted better-than-forecast Unemployment Claims.

Result: AUD/USD uptrend strengthened rapidly, peaking at 0.9916, followed (at 12:30 GMT) by a sharp correction due to American data.

Oct. 8: At 12:30 GMT, US published worse-than-forecast Non-Farm Payroll data.

Result: AUD/USD spiked upward 148 pips.

Oct. 14: The entire week was filled with practically no relevant data for either currency. But on Oct. 14th, the US published worse-than-expected Trade Balance and Unemployment Claims figures.

Result: AUD/USD almost reached parity, with a high price of 0.9996 on Oct. 15th.

Oct. 18-19: By now the prospects of a quantitative easing move by the Fed had grown stronger, but traders were going long on the dollar due to a higher than expected TIC Long-Term Purchases report. The pair’s downward move came to a halt, however, when the US published a negative Building Permits report on the 19th.

Oct. 25: At 00:30 GMT, Australia published stronger PPI figures than were expected. However, at 14:00 GMT, the US published much stronger housing data.

Result: The AUD/USD spiked towards 0.9975 in early trading hours, but collapsed back downward after the US housing data was published. Positive US data published on Oct. 26th continued to strengthen this downward momentum all the way through to the 27th.

Oct. 27: Aussie data came out worse than expected, driving the pair to its lowest point since Oct. 5, with a price of 0.9651.

Oct. 28: Australia’s RBA announces that more data established another decision to maintain rates where they are. Pessimism grew.

Result: The minor upward correction seen prior then turned bearish.

Oct. 29 (today): Anticipation of a positive reading from the US Advance GDP today is driving the pair lower as traders price-in a bullish USD. If the data disappoints, this pair will likely turn upward sharply like it has in the recent past.

AUD/USD – 4-Hour Chart

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Launches Industry’s First Forex Trade Automation Service Enabling Investors to Follow and Execute Trades of Top Currensee Traders

BOSTON, Oct. 29, 2010 – Currensee Inc., (www.currensee.com), the new way to
invest in world currency markets, today globally debuted The Currensee Trade
Leaders™ Investment Program, the first Forex trade automation service that
enables investors to follow and automatically execute the trades of some of the
most successful traders from the Currensee social network. This new service
enables investors of all kinds, in any asset class and on every continent, to
take advantage of the dynamic foreign currency market.

The growth of the foreign exchange (Forex) market is explosive with an average
daily turnover estimated at $3.98 trillion and 20 percent growth from 2007 to
2010. The Trade Leaders Investment Program gives investors the ability to build
an automated portfolio of top performing traders called Trade Leaders. These
Trade Leaders are carefully selected from the more than 7,000-member Currensee
Forex trading social network, which trades approximately $50 billion in volume
per year. Trade Leaders are carefully screened for historical performance, risk
management and returns versus the S&P500. Investors select and follow the Trade
Leaders they want to invest in, add them to their portfolio and Currensee
automatically executes the Trade Leaders’ trades in the investor’s account.
Investors access robust trade and performance metrics in real time and always
maintain full control over their account.

“The Trade Leaders Investment Program is a win-win for traders and investors.
Trade Leaders have a way to create a business doing what they do best –
trading – without having to worry about administration, paperwork and finding
new clients,” said Dave Lemont, CEO of Currensee. “For investors of every
kind all over the world, the Trade Leaders program offers the opportunity to
invest in the foreign exchange market. Investors in the program are typically
looking for investments that are not correlated with the stock market and that
give them the opportunity to take advantage of the dynamic growth in foreign
exchange. We combine that opportunity with the trust, transparency and control
of real performance, real-time metrics and full security and account control.
The success of our investors is our top priority.”

Trade Leaders are ranked by their Currensee Trader Authority Index™ (TAI)
score, a proprietary algorithm that combines performance, risk and experience
into a single index. TAI is displayed on the Currensee Trader Leaderboard and on
every Trade Leader’s profile. Currensee assesses each Trade Leader’s risk
management strategy, background and ability to perform for investors prior to
accepting a Trade Leader into the program. Once in the program, every Trade
Leader’s performance and trading is reviewed on a daily basis to ensure the
leader continues to achieve performance and risk targets. Trade Leaders are
compensated only on successful trading for investors and are able to create a
revenue stream from trading without changing their existing businesses.
“The program has helped me broaden my overall investing strategy,” said Alex
Neihaus, an early investor in the program. “In today’s markets, individual
investors like me have to expand our investment strategies to have any hope of
increasing gains. Before Trade Leaders, foreign exchange was out of my reach due
to my lack of knowledge, experience and time. But with Trade Leaders, I don’t
have to be a Forex expert and can still benefit by investing in top traders from
the Currensee social network.”

For more information about the Trade Leaders Investment Program and to start
investing, please visit www.currensee.com.

About Currensee
Currensee.com puts the power of investing in world currency markets in the hands
of every investor. With the Currensee Trade Leaders™ Investment Program,
investors follow and automatically execute the trades of top Currensee traders
called Trade Leaders. Currensee Trade Leaders are handpicked from the thousands
of members of the Currensee Forex trading social network and carefully screened
for historical performance, risk management and returns versus the S&P500. By
investing in Trade Leaders, investors build their own personal automated Trade
Leaders portfolios and have complete control over their investments at all
times. Currensee strives to deliver profitability, transparency and control to
investors around the world. Currensee is funded by North Bridge Venture
Partners, Egan-Managed Capital and Vernon & Park Capital and is a member of the
National Futures Association (NFA) and registered by the Financial Services
Authority (FSA). For more information, visit us at www.currensee.com. Find us on
Facebook, follow us on Twitter, and watch us on YouTube. It’s time to invest
in the success of top currency traders.
Media Contact:
Beth Monaghan
[email protected]
(781) 791-4552