Forex or the shorter name for the foreign exchange market deals with the connections of the currencies. Its main work is to allow the world banks and money repositories to deal with the currencies.It adds to the trade level and augments to it on an international level. This creates a universal code for business. Thus people in different countries can have trade without having to face much tantrums pertaining to money. There are comparisons of...more
The trade is not just limited to the stocks these days but also the trade of currency has got some name and fame. However the notion and the concept of one do not vary much with respect to the other. Not just that, the benefits that could be achieved is going to be a lot beneficial. Forex trading provides one of the best of its kind to accomplish trade in currencies.Everyone has a single goal of making as much money as it is possible. But what...more
Forex Secrets Revealed: You may have heard the motto: "a trend is your friend until it bends". Technical analysis helps us to locate a trend so we can jump on and ride it until it changes. Since the Forex market has very strong trends, technical analysis is a very effective technique.Some traders still insist on trading in contradiction of the trend, they argue with it even though price actions are apparently in a trend. Buying when the currency is in a basic downtrend or selling when it's in an uptrend, instead of buying.Our primary purpose with these forex secrets is to locate the major trend, intermediate trend and the short term trends and place trades in that direction. We then hold position until our calculations suggest otherwise.Here's a passage from Jesse Livermore, a persistent, flamboyant and profitable Forex trader, "We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. It is not well to be too curious about all the reasons behind price movements. You risk the danger of clouding your mind with non-essentials. Just recognize that the movement is...more
The markets were down in the first hour with over 100 points on the Dow30 but after some favorable "economic reports suggesting that the economy may be approaching a bottom," the Dow reversed by 250 points in the following 2 hours. We are also in a new quarter for the calendar year and mutual fund managers typically buy more aggressively the...more
Currency online trading isn't an easy trade. Just by merely reading the name, you will surely think twice if this is the kind of business you want to venture in. But the idea behind forex isn't at all complicated if you would just provide some time to learn more about the trade. In foreign exchange market, the entire dealing starts the moment you...more
It was a strong bull market all day with little selling in all indices. The Dow30 +2.8%, Nasdaq Composite +3.3%, S&P-500 +2.8% and all three indices made higher highs today. The Hong Kong market was up 7.4% last night and Japan closed up 4.4% and their market was surging way ahead of ours so they were clearly going to be leading us higher.Any negative news that would have sent the market running for cover just a month ago has been ignored but the market looked beyond that. This type of trading action changes the odds toward the long buyers now and virtually all the stocks on the wish list moved up except for MS. Many of them made higher highs.The banking stocks didnt get quite as frisky as the wish list stocks so it seems very possible this group still could turn over but the odds are not quite as favorable as they were a few days ago. We are at a critical point in time where the market could rollover to the downside OR euphoria takes over and we get a nice running with the bulls.The odds are shifting toward the bullish case, especially with the wish list stocks since they were on an upward movement and some on a small momentum run. If there is any news that could jolt the...more
In order to consistently profit in the forex market you need a method that will allow you take advantage of ever-changing market conditions. Whether range bound or trending, the forex market is a dynamic and sometimes volatile market to trade. If...more
The stock market looked like it was set to move up until an article about someone influential saying banking problems are far from over and that headline gapped that sector down, just when we stopped out on Friday. Asia is taking our lead and moving...more
The stock market looked like it was set to move up until an article about someone influential saying banking problems are far from over and that headline gapped that sector down, just when we stopped out on Friday. Asia is taking our lead and moving...more
There was no obvious catalyst for the selling today that resulted in a -2.3% drop in the Dow30 and S&P 500 and -2.8% for the Nasdaq Composite. The Asian markets are down as high as 3.7% for Hong Kong and the US markets will likely follow them at the...more
The several days of selling was stopped today with buyers moving in mostly tech stocks. It looks like the pullback may be over and we are likely heading up to higher highs. Asian markets are up sharply tonight from 2.3 to 3.7% tonight and this will...more
The banking sector moved up the whole market after WFC, Wells Fargo announced a $3 billion 1st quarter profit. The indices moved up 3-4% and this starts the whole market moving up another leg. It is likely that the market continues moving up from...more