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Thursday, January 29, 2009
Wednesday, January 21, 2009
Learn Forex Trading
Everything You Need to Start Online Trading Now!
This is your opportunity to find out how the real pros make a living trading the markets. Forex trading (also called Foreign Currency Trading) can be very lucrative. Profiting off the markets on a consistent basis, day in and day out, is the key to long term success. We have been showing people how to get consistent returns through all market conditions since 2004.
Imagine a business that has almost no overhead, you set your own hours, all your assets are liquid at all times, you are not tied to one location, you can never be fired or laid off, you can take a vacation when ever you want, you can work out of your home and if you do it well, you can also make as much money as you want.
Technical Analysis
The technical trader is concerned with studying patterns of price movement on the chart in order to predict the direction of current and future trends in the Forex market. The decision to buy, sell, or hedge a current position – or to stay out of the market entirely – is made upon this analysis. Identify recurring patterns and make educated assessments to guide your decisions; should you initiate a trade at the current price, or set your system to open a position at a future price? The goal of the technical analyst is simple: to make profitable Forex trades by identifying past patterns that have historically led to a predictable outcome. However, the potential risk should always be considered. A recurring pattern is not precise and does not guarantee a desirable or expected price movement.
Factors That Move The Forex Market
Central banks play a key role in the Forex market because they have the responsibility of changing the country’s “base” interest rate. A central bank has to find a fine balance when setting interest rates as it wants to maintain growth in the economy, but at the same time it has to be careful to curtail inflation. The bank’s decisions on whether to raise, cut, or hold the interest rate fuels speculation in the Forex market, where the value of a currency, or group of currencies, changes in real time. In addition to information about a country’s economy, the value of a currency is connected to national and international political events, elections, and changes in government trade policies.
Fundamental Analysis
Fundamental analysis involves examining the intrinsic value of a nation’s currency based on economic news releases that reflect the strength, or weakness, of a country’s economy. Fundamental traders follow these news announcements, known as “fundamental indicators,” because they paint a picture of a currency's strength in relation to other countries. Fundamental indicators are reports that include statistical data on things such as employment, gross domestic product (GDP), international trade, retail sales, housing, manufacturing, and interest rates. The stability, growth, or decline in any of these sectors may have an effect – direct or indirect – on the value of a country’s currency.
Forex vs. Futures
Forex offers more Liquidity than Futures
The benefits of trading forex over futures may be significant. The forex market is the largest, most active financial market in the world, executing over $1.5 trillion a day – or about 46 times greater than all futures markets combined. Compared to the $30 billion futures trades executed daily, the volume of the Forex market is clearly superior. The daily futures volume on the CME is only slightly over 2% of the volume generated in the forex market. This tremendous liquidity is one of the many advantages that having full access to the forex market has over futures.
Forex vs. Stocks
Unparalleled liquidity
In the forex market, over $3.2 trillion worth of trades are traded daily, which makes the currency trading market the most liquid market in the world – trading in 1 day what Wall St. trades in 1 month. No matter what time of the day or night it is, the forex market is always moving, and around the world active traders are buying and selling currencies.
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