Forex Trading 101

Today’s trading saw several developments including a hawkish BOC statement that boosted the Canadian Dollar, hawkish minutes from the RBA that helped spur Aussie gains, positive fundamental data from the UK and Euro-zone and gains by the Dollar vs the Yen.

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Analyst: Nick Nasad

Open up a free practice account and start trading Forex today.

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http://www.strignanosforexsignals.com
This is a comment by Former Swiss Forex Broker Francisco Martinez. http://www.SchweizForex.com .
Francisco said that in his professional opinion that Tom Strignano’s strategies and signals are some of the best he has experienced. Francisco will be posting more trading tips and chart screen shots at http://www.forextradingbank.com. Francisco also is co-founder and partner of a Technology company that created mt4 into a no deal desk ecn or stp platform. his website is http://www.RousTech.com

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http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on the different contract sizes available to active traders and investors in the forex market.

Foreign Exchange, currency trading, forex trading

Duration : 0:6:45

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http://www.informedtrades.com/
A lesson on the main currencies of the world which trade actively 24 hours a day in the forex market.

Duration : 0:6:59

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http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on how the central banks of the world participate in the foreign exchange market and move the forex market up and down for their economic benefit.

Duration : 0:4:1

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http://www.informedtrades.com/
A lesson on what a pip is in the forex market as well as what fractional pip pricing is for active traders and investors in the foreign exchange market.

Duration : 0:3:51

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The foreign exchange market (currency, forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.

Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney’s annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]

The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.

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Jan. 8 (Bloomberg) — Hiromichi Shirakawa, chief Japan economist at Credit Suisse Group AG, talks with Bloomberg’s Mike Firn about the possibility of Japanese government intervening in the currency market.
Japanese Finance Minister Naoto Kan said on his first day in office that he would welcome a weaker currency, leading the yen to fall against all of its major counterparts. Shirakawa also discusses the outlook for the Japanese economy and government. (Source: Bloomberg)

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!!!
Iceland, Hungary, Poland, Ukraine, Romania, Turkey, Kenya and many many more faced very recent attacks on their currencies by FOREIGN SPECULATORS.
FROM : US, UK, Switzerland

Iceland was bankrupt:

http://news.bbc.co.uk/2/hi/business/7326063.stm

Currency crashed:

http://www.indybay.org/newsitems/2008/04/12/18492320.php

Romania’s currency was under hard fire and the RON plunged, luckily the Central Romanian Bank had the means, presence of spirit to discover the speculators and stop them:
“It is for the first time that the governor of the National Bank of Romania speaks openly about a speculative attack on the currency market. He did not reveal who was behind the attacks but suspicion hovers around thee big international banks that do not have branches in Romania.”
“The Financial Institutions that started the attack are amongst the ones that have received financial aid from the Occidental governments to be able to face the crisis.”

http://www.standard.ro/articol_64320/isarescu_tries_to_calm_the_stormy_financial_market_waters.html

Rumors have surfaced about the foreign speculators: US investment funds JP Morgan-Chase, UK bank RBS, Unicredit.

Hungary, Ukraine currencies crashed and now are in debt (slaves) to the IMF:

http://fistfulofeuros.net/afoe/economics-and-demography/ukraine-and-hungary-to-receive-imf-loans-while-belarus-joins-the-line/

IMF said Turkey was likely to join the queue for bail-outs very soon.
Turkey’s prime minister Recep Tayyip Erdogan said over the weekend that his country would not “darken its future by bowing to the wishes of the IMF”

Kenya schilling crashed:

http://allafrica.com/stories/200810281088.html

Romanian prime minister had a first reaction to the foreign financial terrorist attack:
I don’t think is normal that foreign banks, saved (bailed-out) with public funds, engage in speculative operations to profit on the back of the Romanian tax payer.”
“It is not moral what’s happening. Of course Capitalism in essence is not moral …”
“Romania should bring this to the attention of the European Union …”

The Prime Minister spoke with the Prime minister in Hungary and Poland in order to establish a common position against speculators, and ensure such attacks can be rejected:

http://www.ziare.ro/1225712999-Romania_Polonia_si_Ungaria_se_aliaza_pentru_a-si_proteja_moneda_nationala_impotriva_speculatiilor

And in the Meantime IMF is starting more rumors about countries economies with the clear goal of destabilizing them. Using the crashed currencies and economies as excuse it has plans to “PRINT IT’s OWN MONEY”
“The nuclear option is to print money by issuing Special Drawing Rights, in effect acting as if it were the WORLD’s CENTRAL BANK”:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3269669/IMF-may-need-to-print-money-as-crisis-spreads.html

Duration : 0:7:34

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http://www.informedtrades.com/
A lesson on the major money centers of the world and the characteristics of each of the 8 hour forex trading sessions.

Duration : 0:4:24

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