Posts Tagged ‘Forex trading’

FOREX- TRADING THE LAWS OF CHARTS AND MEN 2 OF 3

Friday, May 21st, 2010

80% ACCURATE FOREX TRADING
HTTP://WWW.FOREXTRADINGMAJIC.COM

Duration : 0:10:47

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FOREX Price Action Trading

Sunday, May 16th, 2010

Price Action Trading. Forex trading made simple. Here is an example of how I look at Price Action trading. It is the only way to trade FOREX. www.whylucidfx.com
FOREX

Duration : 0:8:9

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4x Currency Trading 03

Friday, May 14th, 2010

http://www.AnythingInfos.com/forex
Your best source for 4x currency trading. I’m sure you’ll find the 4x currency trading you’re looking for on our site.

Duration : 0:1:32

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FREE FOREX ROBOT – How it Works and How to Download

Tuesday, May 11th, 2010

http://www.FOREXROBO.com FREE FOREX ROBOT, download and use it. No tricks, 100% Free Forex Trading Software.

Forex trading is a huge industry nowadays. There are gigantic fortunes that are gained each day by successful traders. Unfortunately a lot of people that don’t know what they are doing are losing lots of money also. If it were easy, everyone would do it, right?

Recently a few companies have come out with what they call Forex robot traders. What they are, are robots, or better yet computers, that do all the calculations of when to buy and sell. It’s supposed to take all the guess work out of the equation for you. You just set up the program and put it on auto pilot and watch the cash just pour into your bank account. Ahh, if only it were that simple. I won’t lie, these robots are pretty good and you can make money with them, but they also, like anything, do have their flaws. Here are a few that I have discovered.

First, MT4 robot systems work only on MT4, while the services that have an auto alerting buy/sell system are not limited to any particular platform.

Second, MT4 EA’s are based on pure mathematical formulas (mostly they are combinations of simple and exponential averages). Forex auto alerting is a self-learning system based on neural networks and genetic algorithms and as input it takes a lot of parameters (such as the day of the week, part of the year, other currencies prices, gold price, oil price, holidays, etc.).

MT4 EA’s can’t do it (or maybe they can, but they don’t as it’s a very complicated schema requiring a high computational power, which is impossible to obtain on a home PC). EA’s usually take in account only the history of the given pair and that’s all. We believe that the market can’t be described with such a simple math model with one parameter only. It’s a non-linear system like weather or flowing water.

While the robots are great, they are limited in what they can do. I’d suggest a program that
will give you ready-to-use Forex trading signals. Using them you can make money on Forex without thinking. This is most efficient and modern money making methods today. It can be used by anybody in all countries of the world. All you need is access to Internet few times a week, few minutes each time. That’s all. That way you can capture the the entire Forex market, not just the MT4 systems.

Duration : 0:1:19

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FOREX Broker eToro – Trading Simplified

Tuesday, May 11th, 2010

CLICK HERE http://www.etoro.com/B1915_A7090_TClick_SYT1SignFC.aspx and join eToro RIGHT NOW! Don’t pass a golden opportunity – begin trading with the eToro now FOR FREE. Limited offer – be fast!
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The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies. [1]

The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business’s income is in U.S. dollars.

In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of

* its trading volumes,
* the extreme liquidity of the market,
* its geographical dispersion,
* its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday),
* the variety of factors that affect exchange rates.
* the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
* the use of leverage

Main foreign exchange market turnover, 1988 – 2007, measured in billions of USD.

As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements,[2] average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world’s main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:

* $1.005 trillion in spot transactions
* $362 billion in outright forwards
* $1.714 trillion in foreign exchange swaps
* $129 billion estimated gaps in reporting

Market size and liquidity

Presently, the foreign exchange market is one of the largest and most liquid financial markets in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. 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]

Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%.[4] In addition to “traditional” turnover, $2.1 trillion was traded in derivatives.

Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.

Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India—[1]; [2]) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).

Duration : 0:2:31

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US Currency Trading

Tuesday, May 11th, 2010

Jay takes you through how to make profit trading the US Day trades for forex pairs. He is experienced in day trading forex markets and the results are proof that he can show you how to be profitable trading the Forex markets too

Duration : 0:2:12

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Forex Auto Trading System

Thursday, May 6th, 2010

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and find out all you need to know about automated forex trading systems FREE.

Duration : 0:1:35

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The Foreign Exchange (Forex) Market and the Two Main Purposes of Trade

Thursday, May 6th, 2010

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The Foreign Exchange market is the largest financial market in the world and spans the globe. Known also as the forex market or FX market, the market is in 24 hour operation and is not limited to single exchange locations within countries but is conducted wherever one currency is exchanged for another in the process of doing business.
Traditionally, the trade was primarily conducted at banks and special exchange bureaus, but today it can be literally anywhere via ATMs, hotel and from your own PC or laptop. Traders can be huge multi-national corporations, small exporters, banks, governments etc, or you. When you buy an item over the internet in another currency using your credit card or if you are on holidays and want some quick local currency cash from an ATM, you are setting up and will engage in a forex deal. You will sell/buy, a currency at a rate set by the banking institutions involved and as determined by the market.
Most small and intermediate deals are done directly using a retail bank. When you take your cash, your bank calculates an exchange rate value in your home currency for the amount you have withdrawn and deducts that from your account. Your bank will probably charge you a currency conversion transaction fee and the exchange rate that it sets that day for the currency you want. The bank sets a buy rate and a sell rate, two prices which are slightly different and which enable the bank to profit from your small deal by selling you the currency you want at a slightly higher rate of exchange compared with the better rate they will receive when they offset your deal via bulk trades in the market that their dealing room will do. So they make a profit on this price difference between buy and sell price they set for the retail customer versus the better buy and sell price they can get as a heavy weight in the market.
The difference between the buy price and the sell price between a currency pair is called ‘the spread’. When people shop for rates they are looking for a smaller, tighter spread difference which means a better rate of exchange and if you shop around you will find quite a bit of small variation in the spread, sometimes between retail banks. Third party exchange bureaus and hotels have to offset your trade with a bank and the bank does so in turn using the larger bulk market, so the non-bank bureau’s spread has to be greater. For example, this gives them the chance to off-load the physical currency you have sold them in exchange for the local, at a small profit to a banking institution. Forex exchange booths at airports usually have the larger spreads in the retail market which means a poorer exchange deal for you, less dollars in the currency you are exchanging for, and so the high cost of an on the spot last minute convenience situation.
Huge amounts of trade from so many sources and countries makes for a volatile and active market that is good for the speculator and should, as a measure reflect the changing economic performance of one country’s economy in relation to another country’s economy. The business person or consumer who is just looking for the best rate and most secure way to pay in a currency exchange situation can make use of certain tools available to select a rate in the market that they feel serves them best and then to lock secure that rate with time to execute the transaction without finding that they have been adversely affected by a value change before the transaction has been finalized. So we can see that both types of trade use the market to their advantage in different ways for different purposes.
Speculation traders seek to make profit yielding trades in the market from speculation on value change. They can do this using a broker, self operated manual or semi automated forex trading, or a full easy forex robot trading system. Businesses and corporations engaging in inter-country business seek to secure a locked in and stable rate to preserve profit margins and budget forecasts. An example would be a small business looking for a stable, set forward, exchange value when ordering a machine that will be delivered in six months time.
In part 2 we will continue to look with more detail at the two primary but different reasons for trading forex.

Duration : 0:5:49

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Forex Trading #4: Elliott Wave “The Vehicle”

Thursday, May 6th, 2010

http://www.ForexCoachingPros.com

http://www.ForexTidalWave.com

Stephen Story (Trader, Coach, Author) discusses Elliott Wave Principle that many Forex traders don’t understand nor utilize. In order to become a forex strategist, or to employ any forex strategy, elliott wave principle is fundamental to understanding where the market is heading. You would be wise to add Elliott Wave Principle education to your forex system.

Duration : 0:2:41

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PM Forex Trading Outlook – Daily FX News February 5, 2010

Monday, May 3rd, 2010

Daily afternoon analysis of the US Forex market trading session with DailyFX Currency Analyst John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. Produced by: www.DailyFX.com

Duration : 0:6:12

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