World Wide Forex Market

The World Wide Forex market

Forex is a trading ‘method’ also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basics of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.

Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.

The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.

The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.

The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.

Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.

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Forex. Practice Makes Perfect!

Practicing in the Forex Market

So you want to learn about the Forex market, and trading internationally but you are risking your personal wealth if you jump in before knowing all about how trading takes place. Online, you will find many games and simulations while learning the methods involved in forex market trading. The forex markets include countries from around the world, where all countries involved are using different currencies, and when faced against each other are worth more or less than the original valued currencies that are being traded. The forex markets are used to build wealth in, for governments, banks, and brokers, and for many countries.

To get started in learning about forex trading, you will need to locate the forex trading software, education-learning system you want to use. As you find the games, as they are called, you will enter information about yourself, about what you are interested in learning and then you will download software to your computer. In following the ‘game’, you will learn how to make and lose money in the forex market. This type of game is going to make you more aware of what happens daily, how the markets open and close, and how different the various countries currencies really are.

You will open an online ‘account’ using the gaming system. You will then be able to read the news, find and compare markets, and you will be able to make ‘fake’ trades so you can watch your money build or be eaten away in losses. As you learn the system, using it a few times a week, you are going to be more prepared, more educated and you will be ready to use the forex trades to make money. Of course, you may still need the aid of broker or a company to make your transactions happen but you will better understand the process, what will happen, and what calls you may want to make when you read about the news, the markets, and the currencies in other countries.

The forex market is also referred to as the FX market. If you are interested in joining the millions who are making money in the forex markets, you want to ensure you are dealing with a reputable banker or company involved in forex trading. With the spur of interest in the forex markets, there are many types of companies that are popping out on the Internet appearing to be genuine forex trading companies but in reality, they are not. Forex trading can be completed through a broker, a company that deals in the funds, and from within your own country. For example, the US has many regulations and laws regarding forex trading and what companies are permitted to work with the public dealing with international trading and markets.

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Where do the Customers Go?

Forex trading, where do customers go?

Forex trading uses currency and stock markets from a variety of countries to create a trading market where millions and millions are traded and exchanged daily. This market is similar to the stock market, as people buy and sell, but the market and the over all results are much much larger. Those involved in the forex trading markets include the Deutsche bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so on.

To get involved in the forex trading markets, contacting any of these large broker assistance firms is going to be in your best interest. Sure, anyone can get involved in the forex market, but it does take time to learn about what is hot, what is not, and just where you should place your money at this time.

International banks are the markets biggest users on the forex markets, as they have millions of dollars to invest daily, to earn interest and this is just one method of how banks make money on the money you save in their bank. Think about the bank that you deal with all the time. Do you know if you can go there, and obtain money from ‘another’ country if you are heading out on vacation? If not, that bank is most likely not involved in forex trading. If you have to know if your bank is involved in forex trading, you can ask any manager or you can look at the financial information sheets that banks are to report to the public on a quarterly baiss.

If you are new to the forex market, it is important to realize there is no one person or one bank that controls all the trades that occur in the forex markets. Various currencies are traded, and will originate from anywhere in the world. The currencies that are most often traded in the forex markets include those of the US dollar, the Eurozone euro, the Japanese yen, the British pound sterling and the Swiss franc as well as the Australian dollar. These are just a few of the currencies that are traded on the forex markets, with many other counties currencies to be included as well. The main trading centers for the forex trading markets are located in Tokyo, New York and in London but with other smaller trading centers located thought out the world as well.

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All the Forex Hype

Forex trading, what the hype is all about

Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments.

When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency.

For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.

Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection.

If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.

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Forex is different from the Stock Market

Foreign exchange market is different from the stock market

The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970’s. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

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Little Refresher: What’s a Pip?

Today is a particularly quiet day in the markets – traders and investors the globe over are waiting anxiously for the Fed’s decision coming later this afternoon.

So we thought we’d take just a second to review one of the great mysteries of the foreign exchange market – the “pip.”

It is the smallest price change that an exchange rate can make. Since most major currency pairs are priced out to four places past the decimal point, when the last digit to the right moves up or down by one increment, that's a one pip move.

If you were trading the euro vs. the U.S. dollar (EUR/USD) and that exchange rate moves from 1.5540 up to 1.5541, then it increased one pip. If it fell from 1.5541 to 1.5540 then it decreased one pip.

Think of a stock. If a stock increases a penny - and moves from US$50.00 up to US$50.01 - then that stock just made the smallest incremental movement possible.

For the EUR/USD, one pip is the smallest incremental move possible. So it moves up one pip by moving from 1.5540 to 1.5541.

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The Yen is At the Mercy of the Carry-Trade…For Now

From Our Friends at EverBank…

The FOMC wasn't the only central bank meeting yesterday, the Bank of Japan announced they would leave rates unchanged. This was again largely expected by the markets, but some of the accompanying language showed their concern with inflation.

The BOJ predicted inflation would accelerate but also cut its economic growth forecast. The report tried to downplay any predictions of interest rate moves, and the markets seem to think the BOJ will leave rates unchanged through the end of the year.

The yen didn’t really react to the news, as markets had already predicted the outcome.

The Japanese yen will continue to be at the mercy of the carry trade for now. As you know, carry trades only work in low-risk markets. Once risk returns to the markets, traders have to reverse their carry trades and money rushes back to the Japanese yen. When that happens, the yen rallies.

But right now, risk is coming back in style in the markets. Traders are placing more carry trades, so the yen has been sold.

But we believe there will be another Bear Stearns-type event which will remind the markets that everything is not ok right now. When that happens, these carry trades will again be reversed and the current 104 levels on the yen will look cheap.

Click here for more on why Bernanke may actually help this process along this year.

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Your Easy Two-Step Plan to Start Trading FX This Week

Interested in trading currencies on the US$3.2 TRILLION foreign-exchange market?

The first thing you need to do is set up and fund a Forex or futures trading account. You must first decide between two options:

Use a full-service broker that can set-up your account, give you specific advice concerning your account and offer as much assistance as you may need with our recommendations …

Or, you can sign-up with a retail Forex or futures broker to establish an online trading account.

This decision is entirely up to you and should depend on your experience trading in these markets. If you don't already have a broker that can efficiently execute Forex or futures trades, you may want to contact one of the brokers we have listed here. Most futures brokers will allow you to trade currency options on the CME.

Once you have your broker and you’ve funded your account, you’re ready to start trading.

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Two of the Most Influential Central Banks Say: "Leave Well Enough Alone!"

What Happened:

Today, the European Central Bank (ECB) and the Bank of England (BOE) announced that they’re leaving well enough alone. The two major leaders of European finance have decided to leave their rates unchanged – at 4% and 5%.

What We Say:

These decisions didn’t really surprise anyone. Everyone and their brother in the currency markets expected the ECB to hold rates steady today. That’s because the ECB’s Jean-Claude Trichet has chattered almost non-stop about how they’re fighting inflation, at the expense of the slowing economy.

And the BOE has had good fortune in the past when they follow their little brother euro’s lead. So the BOE also decided to hold rates steady. Also, according to The Wall Street Journal, the BOE is still trying to balance the pressure of rising costs and economic growth.

So the euro and pound continue to enjoy a nice interest rate differential to the dollar, but at what cost in slower growth for the Eurozone? This points to a stronger U.S. dollar in the short run. The euro is getting battered for their stubborn stance. And the pound has already taken a beating. These days the dollar tends to react in the exact opposite direction of the euro, so a weak euro is some good news for the dollar.

However, as Chuck Butler said above, the long-term fundamentals for the dollar are less than appealing. So if you see the dollar rising in the next couple weeks, don’t sweat it. It’s just a small blip on the dollar radar screen. Nothing more.

(To find out more about how you can get involved in the the eternal bull market of currencies, click here.)

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FX Trader’s Tip: Keep an Eye on the Stock Market

Even though you’re trading currencies, it helps to keep an eye on the stock markets. In fact, just by watching the stock markets, you can gain an additional edge in the currency markets.

First, if you’re a short-term trader (you trade several times a week or even a day), look to see how the overnight markets performed in both Europe and Asia. Also, check the financial news (Wall Street Journal, Bloomberg etc) to see how stock futures are doing. For example, are they predicting stock futures will be higher or lower opening for stocks?

Let's say the overnight markets performed well. The financial press predicts that U.S. stock futures will be a higher opening and stock earnings are supposed to "beating expectations." In that situation, you can earn some nice short-term gains by buying the euro against the Japanese yen (EUR/JPY) because this currency pair is so highly correlated to the Dow and the Nikkei.

The opposite is also true. Say stocks overseas performed poorly last night. You see that many stocks are missing earnings that morning before the open. If stock futures are positioning for a lower open on Wall Street, then look to sell short the euro vs. the Japanese yen EUR/JPY right before the stock exchanges open.

This is just one of many tips that can give you what we call the “trader’s edge.” We’ll be back here periodically to give you some tricks for successfully navigating this US$3.2 TRILLION foreign-exchange market that most mainstream investors never touch.

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The Dow and Dollar Walk the Same Line

Today we received even more evidence the dollar is not immune to risk.

Stocks got clobbered today for a host of reasons – name your poison and stocks have suffered. Lately the dollar and the stock market have been moving closely together. Higher stocks equal a higher dollar and vice versa.

Is a test of the dollar lows in the cards? The run back into gold and continued move in commodities looks like it could be a safe haven. Stay tuned!

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Three Reasons Currency Trading is Superior to Trading Just Your Average Stocks

From Our Currency Analyst, Sean Hyman

Even some of the biggest industry players in Wall Street overlook a few simple truths that make currency trading infinitely superior to stock trading. For example...

1. Currencies Trade 24 hours a day: That means there's an opportunity for tradable hours no matter where you live. You can even trade after you've put in a full day at the office. You can't always do that with stocks or commodities.
2. Currency trading offers higher leverage than stock or commodity trading: Translation - you can put down LESS money to control more funds in the currency market than you can in stock or commodity trading. 3.
3. There are no commissions in currency trading: In stocks you have to pay a buy commission to your broker, you also have to pay the spread (the difference between the buy and sell quotes on the stock), and a sell commission. But in currencies, there's only one cost: the spread. You don't have to pay commissions, so once your buy price is higher than your original sell quote, you're at breakeven.

There you have it. Please check back here in My Two Cents for more secrets of the foreign-exchange market and Forex-trading tips in the weeks to come.

Want to learn how to trade currencies like a professional? Check out my colleague's service, The Money Trader - the longest running foreign-exchange trading service, designed specifically for individual currency traders like you. Click here to learn more.

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Currency ETFs: The “Gone Fishin’” Way to Invest in Currencies

We’re sure you’ve heard of exchange traded funds (“ETFs”). Even though ETFs have only been around 15 years (starting with Standard & Poor’s SPDR back in 1993), it seems ETFs have gone mainstream and become the new “in” investment, much like mutual funds in the ‘90s.

But few mainstream investors take advantage of currency investing with ETFs – considering these special currency ETFs have only been available since 2006.

The official name for the currency ETFs is “Currency Trusts.” At last count, you can buy nine currency ETFs through any normal stock broker. You can buy all right on the New York Stock Exchange, except for the PowerShares DB G10 Currency Fund (DBV) which trades on the AMEX.

These ETFs mimic the spot price of the underlying currency they target – they hold actual currencies rather than futures contracts. A single share of each ETF represents 100 units of the base currency.

Here are some of the major benefits of this product:

Liquid at all times
Trade them as often as you'd like, at anytime during regular market hours
No minimum investment
You can short-sell
You can use margin and enhance your leverage
Price is tied closely to the underlying currency
Hold them as long as you like – no time premium or expiration – so you can ride the long-term trend

Want to know which currency ETFs to buy, sell and trade? Every month, our currency analysts recommend timely ETF recommendations in our monthly members-only newsletter, as a long-term hedge against the buck. Click Here to get a sneak peek at what we see for the dollar’s future, and our monthly newsletter.

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Why's the Dollar Rallying Again?

From Jack Crooks, Editor of World Currency Options and The Money Trader

What's Happening:

Everyone was just warming to the idea of a new dollar low - and now the buck started to rally.

What's the driver? Maybe the decline in gold coupled with a small pullback in crude (see chart below)? But because they have been correlated, it is tough to say one or the other is the driver.

What We Say:

The new theme seems to be higher U.S. interest rates (the better than expected durable goods report Wednesday has helped validate this view). Also, the Fed may actually hike rates before the end of the year at least according to a lead story in the Financial Times yesterday. Whether it's true or not, the fact that it was in the paper represents a major shift in expectations.

I'm not so sure about forecasting a Fed rate hike. But I've seen a decent move down in U.S. 10-year Treasury notes lately i.e. higher rates. And 10-year notes have been yet another price series moving in tandem with the US$ index. Below a chart of 10-year note futures vs. US$ Index Inverted (red line):

As You Can See, 10-Year Notes Have Been Stalking the U.S. Dollar Index

With 10-year notes tracking the U.S. dollar index, it's not certain what the Fed will decide to do next.

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Will the Aussie Continue to Track Gold?

From Jack Crooks, Editor of World Currency Options:

What's Happening:

A little food for thought today: If you look at the Australian dollar and gold on a chart, this pair usually moves together. (That's because Australia is one of the world's leading gold exporters.)

But overnight, more good news from the Australian economy has boosted the Aussie dollar.

What We Say:

Will gold follow? Or is the Aussie dollar overdone? Take a look at the chart below and see for yourself.

Where Are Both Headed?

For now, we're left to ponder whether this relationship will hold, but in the meantime, keep an eye on both the Aussie and gold to see how this pair fares.

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Magic PPI Numbers

Last week the PPI numbers came out for April 2008 for the US. The overall PPI was +0.2 percent which was lower than expectations of +0.4 percent. However, the core number was higher than expectations with +0.4 percent vs +0.2 percent expected.

The number was digested by the market as confusing. The report showed no change in the price of food and a decrease in the price of energy. My question is…

What planet do these numbers come from? Any business person that I have spoken with has brought up the same concerns. Slowing income and higher energy prices. How is the government showing us that they see energy prices dropping while the price of oil is pushing past $130 and threatening to go higher? They must be getting a much better deal than the rest of us. The US Department of Labor needs a new slogan for the PPI Report. “PPI, it’s magically delicious” (and not grounded in reality by a long shot).

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Where Have I Been?

Some of my readers might be thinking that I dropped off the face of the earth lately. I have been so busy, it has been hard to get a post in edgewise.

To boot the markets have been interesting lately, but not exciting.

For anyone interested in knowing where I have been, I will tell you. I have been hired by the New York Times to write about forex trading on About.com.

I will continue to write here and on Forexhound.com, but will now also be writing on about.com. The content there will mostly be forex tutorials and the like. There wil be blogs, but they will be more tightly related to forex than many of my economic post that I like to make here.

Since I am still in the process of organizing my information on about.com and putting the site together. I would like to invite any that is interested to join my forex forum over there. I have not had a chance to write many post, but I would love to build a community of great thinkers that love forex trading and the currency markets.

And that’s it! I have been busy getting things organized, but it’s back to the grindstone for me now. I am back in the zone and ready to pick the pace back up and write again!

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Bernanke: Inflation could be a problem

Now that all the damage has been done. Bernanke is starting to talk about inflation.

The key points are:

– More thought needed on the Feds approach to asset bubbles
– Dollar has had a modest impact on commodity prices
– There is little indication of 70s style wage-price spiral
– Inflation expectations are a ‘significant concern’ for the fed

Comment: It is just a little on the late side to start talking about it now. The Fed knows better than anyone else that once inflation is in, it is very tough to shake it out. While I respect the fact that the Fed was eager to act in the face of crisis, it seems like they would have been more forward thinking about the implications of their actions. The dollar took a major hit as they were transmitting a message of panic and insecurity, and drastic rate cuts with no end in sight. It’s great that he wants to now telegraph the signal for no further rate cuts, but it is a little late isn’t it?

After all this time, Bernanke is going to think about defending the dollar? The mistake in not defending the dollar from being sold to no end, by being more firm about rates, is going to be costly over the medium term. We will now be waiting to see if the commodity bubbles deflate and to see if energy is ever going to come back down to earth. While I am not blaming Bernanke for all the problems out there, he certainly had the power to promote more stability. I have been somewhat disappointed in the Fed and its seesaw movement of rates, and drastic measures taken after the fact because of a lack of forward thinking.

The subprime thing was obviously going to be a disaster and there should have been more oversight being pushed into those markets far earlier. Since there wasn’t, why would our federal monetary system aim to bail out a bunch of lenders that shouldn’t be trusted to tie their shoes without supervision? To the same token, why would we write legislation and put together public “stimulus packages” to comfort homeowners that bought houses that they couldn’t afford? Why would we spend billions of dollars to keep them in that house that they can’t afford? You really have to wonder if ANYONE in the goverment ever took an economics class!

The markets are designed to balance out these inefficiencies. When the time came for the balance to be returned, the fed tipped the scales by giving banks a sweetheart deal of borrowing at ultra low rates and continuing to lend at the same rates. So basically, those of us that made sound financial decisions, should be getting a break right now, but instead, we are footing the bill for the “dumb money”.

I honestly hope that the Fed takes a step back and gets LESS involved with holding the hands of banks. It really isn’t fair for the rest of us.

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Everyone Catches on to Inflation

Apparently, the world is catching on to the inflation problem that has been coming about for the past 2 years. The Fed is finally starting to speak about inflation pressures and about hiking rates to curb inflation, with a bit of denial about the effects of almost a year of rate cuts, including a short term of very rapid and deep rate cuts.

The G8, discussed the threat to global growth that inflation is representing. This means you can expect a coordinated action from central banks to fight on inflation. You might recall that the G8 made reference to the falling dollar around 4 months ago or so, and look what happened shortly thereafter.

This is a clear hint that you can expect aggressive holds for countries that have neutral or high interest rates and you can expect rate rising campaigns for countries that currently have low rates.

Inflation is a problem that is now going to have to be addressed by all the major countries as food and energy prices are now out of control. While you can blame some of that on speculation, you can also put a share of the blame on the Fed letting the dollar go into the toilet while they “defended the banks”. The rest of the world is catching on now, that as the value of the dollar was pounded, the problems of the United States were exported around the world as things that are normally priced in dollars exploded in cost.

I don’t think that the Fed will be able to continue to drive the dollar into the ground while defending lending institutions that made unsound lending decisions. The manipulation of the free market is going to be greatly interfeared with now that the rest of the world is awake to the fact that they are paying the price for the stupidity of US Banks.

I honestly think the Fed is wising up not because they want to, but because they have to. There is a great risk to the stability of the USD if the Fed continues to turn its back on the USD and sacrafices it as the first choice by tinkering with rates to solve problems. If our rates are really only decided based on economic data that is contained in reports, couldn’t we replace them with a super computer that adjusted rates frequently as data came in? Wouldn’t that idea support a truly free market, as rates would only be set at the appropriate level for current economic data. The machine would be able to adjust in real time as data came in. Just a thought.

I hope that we are heading back into a phase where the Fed does its untimate job of protecting the value of the US currency at all cost. I do believe the days of the US Dollar being the reserve currency of the world are coming to an end. However, that doesn’t mean that it should be thrown away (in favor of the Amero). Hopefully, we can see some of our American purchasing power return and at least a HINT of free markets. If not, there is always Canada!

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Swing Trading

This book is a simple, practical guide to swing trading. For years I have been reading books and exploring web sites that are dedicated to swing trading. Yet, I could not find any simple description of how to enter and exit a trade. So I developed some basic rules that have been published on my web site www.mrswing.com. I call these rules The Master Plan. Over the years, thousands of investors have used my Master Plan to swing trade. It is my firm belief that a swing trader must trade with discipline. While it is important to keep things simple, the rules of the Master Plan might seem a little intimidating. The main reason I wrote this book was to make swing trading more accessible to the beginner. These rational behind swing trading and the entry and exit rules are presented very clearly – both the beginner and the experienced swing trader will now have a simple guide to follow. To quote Albert Einstein: "Things should be made as simple as possible, but not any simpler". This is the principle I followed while writing this book. Why does swing trading work? Because you are trading in the direction of the trend. You wait for a pullback before entering the trade, and you enter only if the stock shows a sign that it’s price will continue in the direction of the trend.The main objective of a swing trader is to profit from swings in price movement over the course of several days. While we might trade every day, we are not day traders. As swing traders, we have the patience to wait until our profit goals have been reached. Fortunately, the wait is not too long. A typical trade is only in play from a few days to a few weeks. When a trade is closed, the funds go into the next trade.

Wanna see more ….

Password for this file is : swing

Download here…

Alternative Download here…

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Download FREE Ultima Forex Trading: 80's System

http://ultimaforex.com/forex-trading-system/the-80s-trading-system-optimal-on-h1-chart/

SELAMAT DATANG

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Akhir kata saya ucapkan Terima-Kasih yang sebesar-besarnya atas kunjungan anda ke Blog ini.

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Wow... spektakuler, bisnis forex dan valas.. The most wanted information

"Gandakan Uang Anda Minimal 6x Lipat (600%) per bulan dengan Bisnis Forex di Internet dan raih kekayaan finansial yang luar biasa"

Banjiri rekening bank anda dengan cepat tanpa harus promosi dan menjual. Bisnis ini tidak memiliki batas keuntungan. Semuanya anda yang mengatur untuk meraih kesuksesan dan kebebasan finansial

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Total Profit Bulan May 2008
(Update On 2 June2008)

= +851 Pips = $8510

Silahkan klik di sini untuk hasil selengkapnya

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Jangan biarkan uang anda diam, biarkan dia bekerja untuk mensukseskan anda. raih keuntungan 6x lipat setiap bulannya. Jika gagal kami akan mengganti 2 x nilai investasi anda

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Tidak perlu lama-lama untuk trading. Cukup 10 menit - 1 jam sehari dan anda akan kami jamin mendapatkan untung minimal 6 x lipat setiap bulan. Jika tidak uang anda akan kami kembalikan 200% tanpa alasan apapun

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Testimonial.. Terima kasih pak zemmy atas informasinya. Terus terang saya pengangguran yang sangat membutuhkan uang. Saya kenal anda sebagai pembicara pada seminar dan PHP Development di sebuah perusahaan. Oleh sebab itu saya percaya anda. Saya mulai trading forex dengan uang $100 dan dalam waktu 1 bulan uang saya menjadi $676, dan saya terus menghasilkan lebih dari 6 x lipat setiap bulan.. Suatu methode yang luar biasa, saya tidak perlu menjual, tidak perlu promosi, hanya memakai sistem anda dan menghasilkan uang yang banyak sekali.. Saya ucapkan banyak-banyak terima kasih ====================== Agus T (Cikarang Bekasi) ================== Saat ini di internet. banyak sekali cara dan peluang untuk mendapatkan banyak uang dan bermacam-macam peluang bisnis yang ditawarkan. Tetapi apakah itu semua bisa mendapatkan keuntungan bagi anda ? Apakah saat ini anda mendapatkan income yang besar dari Internet ? Apakah anda benar-benar mendapatkan keuntungan dari banyak bisnis yang ditawarkan di internet ?, Reseller, MLM, bisnis pulsa, dll ? "Saya yakin jawaban anda adalah tidak, Nol Besar, bahkan saya rugi mengikuti program-program tersebut.." Lalu bagaimana saya mendapatkan keuntungan yang besar ? Jawabannya adalah Forex atau Valas APAKAH ITU FOREX ATAU VALAS ? Forex / valas adalah metode pertukaran mata uang asing. karena mata uang selalu berubah setiap detik, menit, jam atau hari, maka kita dapat mengambil keuntungan dari perubahan tersebut. Buy (Membeli) Kita mendapatkan keuntungan jika kita memprediksikan bahwa kurs mata uang akan terus naik Misal hari Selasa, 17 Juni 2008, jam 09.00 kurs GBP/USD = 2.0166, jam 17.00 GBP /USD = 2.0381, maka kita akan mendapatkan keuntungan = 2.0381 - 2.0166 = 0.0105 = 105 Pips Sell (Menjual) Kita mendapatkan keuntungan jika kita memprediksikan bahwa kurs mata uang akan turun Misal hari Selasa, 17 Juni 2008, jam 09.00 kurs USD/JPN = 119.59, jam 15.00 GBP /USD = 118.32, maka kita akan mendapatkan keuntungan = 119.59 - 118.32 = 1.27 = 127 Pips Perhitungan Keuntungan Setiap pips yang anda dapatkan itu berarti persentase keuntungan yanag anda dapatkan. 105 Pips = 105%, artinya jika anda membeli GBP/USD seharga Rp.100.000,- pada jam 09.00, maka anda sore harinya jam 17.000, uang anda akan bertambah menjadi Rp.205,000 Jika setiap hari nya anda konsisten mendapatkan 20 pips saja, maka silahkan hitung sendiri keuntungan yang anda dapatkan. Setiap bulan uang anda akan berkembang menjadi 600% atau 6 kali lipat. Jika anda mengnvestasikan uang anda Rp.1.000.000,- maka dalam satu bulan uang anda akan menjadi Rp. 6.000.000,- Uang anda berkembang 6 x lipat atau 600% dalam 1 bulan bagaimana jika anda mendapatkan 30 pips per hari= 900% per bulan.. bagaimana jika anda mendapatkan 40 pips per hari= 1200% per bulan.. bagaimana jika anda mendapatkan 50 pips per hari= 1500% per bulan.. Semakin banyak pips yang anda dapatkan, maka semakin banyak dan cepat uang anda akan berkembang Waw sangat menggiurkan bukan.. Itulah indahnya berbisnis forex di internet... Uang anda akan menjadi berarti dan berlipat-lipat ganda dalam waktu yang sangat singkat. Tapi masalahnya.. Bagaimana saya tahu bahwa suatu mata uang akan naik atau turun ? Bukankah kalau kita salah prediksi maka justru kita akan mengalami kerugian. Kapan saya tahu saya harus membeli (BUY) atau menjual (SELL) ?, indikator apa yang harus saya gunakan ? Bagaimana cara manage uang dan sistem trading saya agar bisa selalu profit ? Rekan netter semua... Berikan waktu kepada saya 5 menit untuk memberikan informasi kepada anda yang bisa melipatgandakan uang anda 6x lipat (600%) bahkan lebih sesuai dengan keinginan anda... Saya menciptakan sistem yang saya beri nama : Automatic Trading Solution System V.1.2 (ATSS V.1.2) Paket system ini terdiri dari : Automatic indicator forex ATSS V.1.2 (saya akan jelaskan nanti) Ebook bagaimana meraih Minimal 600% perbulan lewat forex Ebook mempelajari forex untuk orang awam Automatic trading for Breakout Strategi (Strategi menang follow trend) Automatic trading for Reverse Strategi (Strategi menang trend berbalik arah) News trapping (Bagaimana meraih puluhan pips dalam beberapa menit dengan mengikuti forex news (Berita Fundamental Ekonomi) Dengan susah payah saya membuat sistem ini dari trial profit & loss sampai dengan saat ini saya benar-benar menciptakan suatu sistem bagi anda yang ingin trading forex dan mendapatkan uang banyak dan cepat. Sampai hari ini Selasa, 17 Juni 2008, saya telah mendapatkan 3000 pips dari sekitar 6 bulan terakhir, dengan akurasi kemenangan sekitar 93%. Silahkan lihat performa trading saya di sini . Saya sangat yakin kalau paket yang saya berikan di atas adalah paket terlengkap dalam bisnis forex Di Indonesia bahkan di dunia, Sebenarnya rekan saya marah besar saat saya menjual Paket Sistem ATSS V.1.2 ini, mengingat bahwa keuntungan yang telah saya dapatkan secara pribadi juga sudah besar.. Tapi saya berpikir bahwa sistem trading saya ini akan lebih ampuh jika terus dipergunakan dan penyempurnaan lebih lanjut lagi. Itu sebabnya informasi ini saya berikan kepada anda dengan harapan kita bisa lebih bekerja sama lagi dalam pengembangan sistem ini demi kesuksesan kita bersama... Anda akan kami jadikan mitra dalam trading forex, kita akan trading bersama dan meraih keuntungan bersama sehingga tercapai kesuksesan bersama. Itu sebenarnya tujuan utama dari peluncuran ATSS V.1.2 ini Testimonial.. Hampir setiap malam kami Chatting untuk melakukan trading, berbagi informasi, mengumpulkan pips demi pips bersama dengan member yang lain sehingga semua merasakan kesuksesan yang luar biasa. Belum pernah selama saya berbisnis online saya menemukan seorang webmaster yang mau bergabung dan memberikan full support 7/24 jam dan mencapai kesuksesan bersama semua membernya :) Incredibble.. Bravo buat pak Zemmy ====================== Dede Hermawan (Balikpapan) ================== MENGAPA SAYA HARUS MEMAKAI ATSS V.1.2 ? Jawabannya sangat mudah. Silahkan anda lihat ilustrasi gambar di bawah ini :) PIcture 1 : Trading tanpa ATSS V.1.2 (Gambling Judi) Dari gambar di atas jelas bahwa jika anda trading dengan menggunakan sistem biasa dan konvensional maka anda tidak tahu kemana arah akan berjalan, apakah akan naik, turun atau diam di tempat. Jika anda terus begini, kami jamin bahwa anda akan mengalami kerugian yang besar. Perlu anda ketahui bahwa sekitar 90% trader merugi sebab dia tidak tahu apa yang harus dilakukan tetapi ia tergiur dengan keuntungan yang besar. Sekarang kita lihat kondisi yang sama namun kita menggunakan indikator sistem ATSS V.1.2 Picture 2 : Trading dengan ATSS V.1.2 Dari grafik di atas kita bisa melihat adanya beberapa tambahan indikator yang kami gunakan untuk menganalisis pergerakan mata uang akan Up atau Down ataukah tidak bergerak.. Sekarang kita lihat analisis dari grafik diatas :) Poin 1 (Lingkaran Biru 1) = ATSS_Bollinger_Trend Ditandai dengan titik (dot) warna hijau terputus-putus akan mengkonfirmasi trend pergerakan mata uang : Dot di atas chart maka maka posisi jual (Sell), dot di bawah chart berarti posisi beli (BUY). Poin 2 (Lingkaran Biru 2) = ATSS_STOCH_Trend Ditandai dengan garis berwarna ditengah chart candlestick akan mengkonfirmasi banyaknya trend yang terjadi: Line berwarna merah berarti posisi jual (Sell), line berwarna biru berarti posisi beli (BUY). Poin 3 (Lingkaran Biru 3) = ATSS _FX_Accurate Ditandai dengan garis BAR berwarna akan mengkonfirmasi kita membeli atau menjual mata uang.: Line berwarna merah berarti posisi jual (Sell), line berwarna biru berarti posisi beli (BUY). Poin 4 (Lingkaran Biru 4) = ATSS _Marlina_Sniper_Support (If necessary) Ditandai dengan garis silang (X)berwarna akan mengkonfirmasi kita membeli atau menjual mata uang.: X berwarna merah berarti posisi jual (Sell), X berwarna biru berarti posisi beli (BUY). Sekarang kita lihat dari grafik dia tas, apa yang terjadi pada chart selanjutnya : POIN 1 = Dot diatas garis = Sell POIN 2 = Garis berwarna Merah = Sell POIN 3 = Garis BAR berwarna Merah = Sell POIN 4 = Tanda silang X berwarna merah = Sell Dari sini kita melihat bahwa semua indikator ini menyuruh untuk SELL, lalu apakah benar grafik akan turun, kita akan lihat hasilnya pada gambar di bawah : Picture 3 : Result Trading Using ATSS V.1.2 (profit 113 pips) Aww, sekali lagi mencengangkan, bahwa anda bisa mendapatkan pips demi pips dengan mudah, anda bisa lihat bahwa anda bisa mendapatkan +113 Pips dalam sekali trading dengan menggunakan ATSS V.1.2 OK Sekarang kita bicara serius. Apakah anda bisa mendapatkan software ATSS V.10 ini. Jawabannya adalah Iya tapi dalam jumlah terbatas. Kami hanya menjual software ini sampai dengan hari Kamis, 19 Juni 2008, setelah itu kami tidak akan menawarkan lagi atau menjualnya dengan harga jauh lebih tinggi. Kami menawarkan tiga paket berbeda untuk anda Paket Membership Fasilitas Harga Standard - 1 bulan membership - Software ATSS Full Version - Bonus cash trading $5 dan Ebook $5000 Rp.200.000,- Harga normal Rp.500.000,-anda hemat 60% Profesional - Life Time Membership (seumur hidup) - Software ATSS Full Version - Bonus cash trading $50 dan Ebook $5000 - Garansi 200% uang kembali jika dalam 1 bulan tidak profit minimal 600 pips Rp.400.000,- Harga normal Rp.1.000.000,-anda hemat 60% Gold - Life Time Membership (seumur hidup) - Software ATSS Full Version - Bonus cash trading $50 dan Ebook $5000 - Garansi 200% uang kembali jika dalam 1 bulan tidak profit minimal 600 pips - Robot Trading otomatis terkirim via sms atau email setiap harinya (Performa robot kami lebih dari 600 pips setiap bulannya) - Profit sharing 2-5% perbulan untuk member Gold Membership gold hanya dibuka terbatas saja sampai kuota terpenuhi Rp.1.000.000,- Harga normal Rp.3.000.000,-anda hemat 67% (Harga ini hanya berlaku sampai Kamis, 19 Juni 2008) Terus terang, teman satu tim kami marah besar saat saya memberikan harga tersebut. Saya bisa mengerti, namun saya tetap memberikan harga tersebut dengan waktu yang terbatas, yaitu sampai dengan hari Kamis, 19 Juni 2008. Testimonial.. Gila harga yang benar-benar murah untuk software yang amazing ini. Jika saya bandingkan harga yang dijual di Str***.Com dan Bis**.Com, harganya jauh lebih murah. Unlimited lagi, bukan hanya untuk 1, 2,3 atau 12 bulan yang hanya mengeruk uang membernya. Hanya dengan sekali investasi Rp.100.000,-, minimal 20 pips saya dapatkan tiap hari. Sehari aja udah balik modal. Hebat.. ====================== Charlie A (Palembang) ================== Jadi segera miliki selagi harga ini masih sangat murah. Anda bisa membandingkan harga ini di mana saja. Harga ini sudah sangat murah jika dibandingkan pendapatan yang akan dihasilkan oleh bisnis anda nantinya... BIG BONUS.. !!! Dapatkan bonus langsung dari kami, Uang $50 untuk Trading, Ratusan Ebook Forex dan Indikator Forex. Silahkan lihat beberapa bonus di bawah ini : Big Bonus *1* Software ini sangat terkenal di malaysia. Indikatornya banyak digunakan dalam forex dan njuga Bursa Efek malaysia. Harganya sekitar RM.1500. Silahkan cek harga di sini Big Bonus *2* FX Exposed Gempar di pasaran karena dia berani secara terang-terangan trading dan menghasilkan USD $10.000 dalam waktu 3 hari. Untuk anda kami berikan gratis.. harga : $97 silahkan cek di sini Big Bonus *3* 7 STEP TO WINNING TRADING SYSTEM Sempat berjaya di internet dengan langkah-langkahnya yang jitu. Bahkan salah satu membernya mengaku telah profit lebih dari $50.000 dalam waktu singkat. Buku ini sangat baik untuk anda pelajari harga : $249 silahkan cek di sini Big Bonus *4* Free $50 for trading Free Money Trading Anda tidak punya uang untuk trading. jangan takut :) setelah anda menjadi member Forexbisnis.com anda akan kami berikan Real Account USD $50. Gandakan uang itu 600% setiap bulan hanya di forexbisnis.com Big Bonus *5* Free Ratusan Ebook Tentang Forex Free Forex Ebook Saya akan berikan ratusan ebook saya tentang forex yang membuat saya bisa launching forexbisnis ini untuk anda. Pastikan anda memilikinya Gratis !! Big Bonus *6* Free ratusan Indikator dan EA Free Indikator dan EA Saya akan berikan koleksi indikator dan EA yang saya miliki gratis untuk anda. Pastikan anda memilikinya Gratis !! Dan masih banyak bonus yang lain. Jangan kuatir, tidak ada ruginya bergabung dengan komuinitas ForexBisnis.com, baru bergabung anda dapat uang untuk trading $50 dan bonus lebih dari $5000, ini hanya berlaku sampai tanggal Kamis, 19 Juni 2008 Setelah kami melakukan trial and error sejak 8 bulan yang lalu dan kami ujicobakan lebih dari 3 bulan ini dan, rata-rata 99% puas, maka kami juga memberikan garansi kepada anda, kami akan mengembalikan uang anda 2 x lipat jika dalam 1 bulan anda tidak menghasilkan minimal 600 % atau 600 pips dari sinyal kami.. Apabila dalam waktu 1 Bulan Software ATSS kami tidak berguna, atau bisnis reseler kami tidak berjalan mulus, tidak menghasilkan keuntungan minimal 600% (6 x lipat) dalam 1 bulan, saya akan kembalikan uang anda 100% ditambah bonus uang cash 100% lagi dari kantong saya. Kami Sangat Menghargai dan Menggaransikan Kepuasan Anda Zemmy Eka S Ingat harga ini hanya berlaku sampai dengan hari Kamis, 19 Juni 2008, setelah itu kami mungkin akan menaikkan harga nya atau menutup penjualan software kami Akhirnya... Mudah-mudahan informasi yang saya berikan ini dapat berguna bagi anda, khususnya bagi anda yang selama ini mencari cara dalam memdapatkan uang lewat Forex. Dengan software kami minimal anda mendapatkan 600% per bulan Sampai bertemu lagi rekan semua, saya ingin kita selalu bersama dan kita sukses bersama. Saya ingin membagi rahasia kesuksesan kepada anda... Jadi jangan biarkan kesuksesan yang ada di depan anda Hilang begitu saja...

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Dollar Tries to Keep Yesterday Gains

Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday.

Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted rate in the first quarter of 2008 — slightly better than the preliminary estimate (2.5%).

ISM services (non-manufacturing) index for month of May was released today showing a decrease from 52.0 to 51.7, while a forecast value for this index was 51.0.

Crude oil inventories were down 4.8 million barrels last week and are now in the lower half of the
average range for this time of year.

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NordMarkets — Swedish Broker with Low Spreads

NordMarkets is a new Swedish Forex broker that has a wide variety of trading account types — starting with mini and ending with the big institutional accounts. For the mini Forex accounts the trading conditions are not very interesting — $1,000 account minimum (deposits only via wire transfer and credit card), 0.1 standard lot position sizes and 3-4 pips spreads. Basically the larger is your account the better conditions you get — up to the interbank spreads for the really big trading accounts. For the smaller accounts NordMarkets can offer Muslim trading conditions — without overnight interest. They also provide their own trading platform, FXDesk, but I can’t say that it’s very advanced or functional.

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Dollar Deeps Further on Uneployment Rapid Growth

The U. S. dollar dropped down today against as the unemployment rate soared in the U. S. Yesterday EUR/USD gained from the hawkish statement by Jean-Claude Trichet (he said that he will probably raise the interest rates on ECB’s next meeting), today it grows because of the poor U.S. fundamentals.

Nonfarm payrolls decreased by 49,000 in May — below the expected 60,000 dropdown, but above the revised April 28,000 loss in the jobs. Unemployment rate soared up from 5.0% a month ago to 5.5% in May; the market analysts predicted only a slight growth from 5.0% to 5.1%.

Wholesale inventories report for April showed a better dynamics — they rose 1.3% after 0.1% gain in March (revised up from -0.1%) and 0.4% growth estimate for April.

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GDI Markets — Another Broker from U.K.

Today I added another British Forex broker to the list on my site — GDI Markets. It offers Forex, CFDs, Futures and Stocks trading services through a single trading platform. The platform itself isn’t very interesting or special, but it does its work and can be handy for multi-market traders. One serious disadvantage this broker has is that it charges commission fees for each order below a certain threshold (1 standard lot usually). This is not a problem for the big traders, but those accustomed to the mini Forex accounts may find such conditions unacceptable. On the other hand GDI Markets is registered with FSA and should be a good safe broker for the serious traders.

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FX Destroyer Strategy Ebook

I uploaded a new Forex ebook to the site today — it’s called FX Destroyer. It was sent to me by one of the site visitors a couple of days ago. Although it’s full of advertising and it can’t be considered a «real book» due to the lack of theoretical base, it offers an interesting yet simple trading strategy that is free for everyone to try. I hadn’t enough time to test fully the FX Destroyer strategy that is presented in this ebook, but I hope that some of the traders who download this ebook will report on their testing results. If someone will find this strategy extremely unprofitable, please, don’t hesitate to comment about it here.

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Dollar Got Pushed Up by Today’s Fundamental Reports

The EUR/USD currency pair sunk down below the yesterday’s close level as the U.S. dollar continued its growth today after some good fundamental reports were released in the United States. Both retail sales and business inventories fulfilled the dollar bulls’ expectations today.

Import and export prices rose in May by 2.3% and 0.3% respectively. That growth followed 2.4% and 0.5% values that were seen a month before.

Initial jobless claims was the one disappointing indicator released today. They rose from 359k to 384k last week, while a growth to 370k was forecasted.

Retail sales report dominated the fundamental trading today. It showed the 1.0% increase for May which was above the consensus 0.5% growth and 0.4% growth in April.

Business inventories added 0.5% in April — a little more than 0.2% a month before and 0.3% average forecast for April.

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Forex Technical Analysis for 06/16—06/20 Week

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.

Floor Pivot Points
Pair	3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
EUR/USD	1.4632	1.4967	1.5173	1.5508	1.5714	1.6049	1.6255
GBP/USD	1.8931	1.9169	1.9323	1.9561	1.9715	1.9953	2.0107
USD/JPY	101.69	103.06	105.63	107.00	109.57	110.94	113.51
EUR/JPY	163.03	164.00	165.20	166.17	167.37	168.34	169.54

Woodie’s Pivot Points
Pair	2nd Sup	1st Sup	Pivot	1st Res	2nd Res
EUR/USD	1.4935	1.5109	1.5476	1.5650	1.6017
GBP/USD	1.9169	1.9323	1.9561	1.9715	1.9953
USD/JPY	103.06	105.63	107.00	109.57	110.94
EUR/JPY	164.00	165.20	166.17	167.37	168.34

Camarilla Pivot Points
Pair	4th Sup	3rd Sup	2nd Sup	1st Sup	1st Res	2nd Res	3rd Res	4th Res
EUR/USD	1.5081	1.5230	1.5280	1.5329	1.5429	1.5478	1.5528	1.5677
GBP/USD	1.9260	1.9368	1.9404	1.9440	1.9512	1.9548	1.9584	1.9692
USD/JPY	106.02	107.11	107.47	107.83	108.55	108.91	109.27	110.36
EUR/JPY	165.21	165.80	166.00	166.20	166.60	166.80	167.00	167.59

Tom DeMark’s Pivot Points
Pair	EUR/USD	GBP/USD	USD/JPY	EUR/JPY
Resistance	1.5611	1.9834	110.26	166.77
Support	1.5070	1.9442	106.32	164.60

Fibonacci Retracement Levels
Pairs	EUR/USD	GBP/USD	USD/JPY	EUR/JPY
100.0%	1.5843	1.9800	108.38	167.14
61.8%	1.5636	1.9650	106.87	166.31
50.0%	1.5573	1.9604	106.41	166.06
38.2%	1.5509	1.9558	105.95	165.80
23.6%	1.5430	1.9501	105.37	165.48
0.0%	1.5302	1.9408	104.44	164.97

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