Thursday, December 24, 2009

FX NEWS

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Forex markets go far beyond basic supply and demand figures. Everything that affects the political & economical situation of the two nations involved in a forex pair has some bearing on the value of the two currencies against each other.

Forex traders have plenty of fundamentals to consider as they are bombarded by news broadcasts, government reports, newsletters, brokerage firm research, television analysts, and many other sources.

The challenge is not finding information, but in determining what is most significant and interpreting the likely effects on the markets.

Forex traders do need to be aware of key fundamental factors, how they can move markets and when they might have the biggest impact on the markets. Knowing about the possibility of potential adverse volatile movement as a result of some fundamental factors might, for instance, affect when to place a trade, what type of order to place or whether to trade that day at all.

FXNewsTrends combines real-time and historical price charts complete with a history of major economic news releases. Our subscribers have access to information such as the selected report's expected number, the actual number and the historical price movements that report generated in the past.

When fundamental announcements and economic news released and it is a 'surprise', meaning that it is different from what the market consensus expects, it can cause a sharp and active price movement. Based on historical trading data going back multiple years, FXNewsTrends provides information about how far it typically moves on a successful trade signal and how successful a record that economic report has reaching its' profit target.

How far does the news have to be from the expected number to see active price movement? FXNewsTrends provides that information as projected price triggers. Each report indicates possible buy and sell trigger prices based on years of historical archives of news trades and price movement.

FXNewsTrends provides up-to-date analysis of upcoming reports provided by a veteran forex bank trader, Jimmy Young. Watch Jimmy's daily Review Preview to better understand the relationships of scheduled news releases with previous announcements. Jimmy is an active trader with 25 years of forex trading experience.

This is ideal insight for forex traders who can research how far off from an expected value a report has to be in order for price to make a substantial price move. The goal is to understand how much deviation produces a trade capable of reaching a pre-determined profit level, possibly 50 points on a majority of reports covered by FXNewsTrends. Trader's can view data from over 70 economic reports from seven major currency pairs.

FX News Trends incorporates Jimmy's News Trader weekly to provide you easy analysis of the news trades covered by Jimmy in the Daily Review Preview.

Jimmy's daily Review Preview has been previewing trading strategies around selected reports, getting into the trade before the release when the technicals suit, and where the downside of the trade may only result in a small loss or possibly no loss at all.

Indian Rupee appreciates in forex market.

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News and Reviews exclusive: Suddenly INR is looking stronger again. Why? Difficult to find a quick answer as the trend of INR appreciation is still not set. Clealy, the Reserve Bank of India`s (RBI) reference rate for the rupee appreciated 2.96% against US dollar to 47.18 on November 5, as compared to that of the previous working day`s 48.62 (November 3). Is it due to Demand and Supply force where Indians have reduced the need for USD? Or is it that Mr Obama (Democrat) has become the 44th President Elect for United States? Not really, so what is the true story?Click to read on

We believe that INR Currency Movements is always a function of 3 reasons i.e.

a) Interest Rate (Higher Interest rates means weaker INR)
b) Demand and Supply (Export Vs Imports - Higher Export BOP means stronger INR)
c) Investment Grade (Higher GDP means stronger INR)

So, what really has changed in last week which promted INR to get relatively stronger vis-a-vis USD. Actually nothing excpet RBI cut of CRR & SLR for Banks. So, may be it is just speculation or may be we have started getting FII flows (Hot Money - mostly speculative) back in the country.

Meanwhile, rupee appreciated 0.67% to 60.89 against the Euro on November 5, as compared to 61.30 on November 3.

As illustrated in the table below, the rupee appreciated 2.16% versus the Great Britain Pound at 75.06 as against 76.72 on the previous working day, while it appreciated 3.78% versus 100 Japanese Yen at 47.31, as against 49.17 on the previous working day.

Whay ever the case may be, we expect INR to hover around Rs 45 Per US Dollar. If we have strong economy in 2009 with a new Pro Business, the INR may get stronger. Rs 35 for Dollor shall not be a suprise, if India is clocking GDP @ 10% Y-O-Y for 3 consecutive yrs and Inflation not more than 6%.

The Best Forex Trading Guides, Tips, Robots to Use in your Trades

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Wanna find out about the most reliable Forex Robot that Doubles my Money Every Single Month?

Yes show me how you make so many profitable trades right now!

Forex Trading Revealed - Forex Robot Reviews & Forex Guide Reviews

Welcome to Forex Trading Revealed

Here you will find some quality Tips, Techniques & Tools which you should use whilst trading forex. Keep up with the latest Forex News in the news section, read about commonly made mistakes done in trading and how to avoid them in the Forex Tips section, & read ourForex Robot Reviews which we have tested and tried out and proved to produce great results.

Forex Robot Reviews

All our Forex Robot Reviews are independant and honest reviews which give credit to the robots which have worked better for us and increased our trading profits.

Don't worry if you are a complete newbie to Forex, you will find everything you need to start making profitable & successful trades on this site.

Saturday, December 5, 2009

Why Should You Use Forex Robots Anyway?

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A common question I always get asked is about forex robots and if they do work? My response to these people is: Some do work and several are simply scam to make money rather an attempt to create some software that will capture some of this growing industry. So, in other words a few forex trading robots are better than the rest.

Currency trading automation system

Why should you use forex robots anyway?

I believe forex robots are meant only for newbie’s and will be a big help to when starting out with the forex trading business pretty quickly. But, if you’ve been doing this type of business for a couple of years and know what you are doing, then this kind of software can still benefit you.

Even as beginners in forex trading, you’ll still need to study the basics of foreign exchange trading, because one day, it will not pan out as it was expected, due to unexpected changes that happen in the market. You should also be warned as some of the trading robots for sale online are just trash and don’t actually work. Occasionally, these systems provide tested simulations and over hyped sales strategies but don’t work. Are these forex trading robots just a scam?

Some of the benefits you will get if you choose to invest in a forex trading program are:

* You don’t need any previous forex trading knowledge

* You have to learn the technical side of the forex market

* Reduced risk of a loss. While robots trade, they will not become victims of psychology, fear and greed etc.

Things you should know

No system is 100 percent fail safe. There are always hazards when dealing, with or without robots. If using forex robots, even the best ones may lose effectiveness over the period of time as past patterns change and new trends emerge.

Conclusion

By using a forex trading robot, you can significantly cut the chance of making a loss and be able to begin trading promptly. However, you need to be particular about which robot, because not all robots are created equal.Is FAPturbo a scam?

FAPTURBO or FAP (Forex autopilot robot) is a software robot or EA that can trade the foreign exchange currency markets on autopilot 24 hours a day. You attach your FAP Turbo plugin to your Metatrader4 currency charts provided by your FOREX broker.

FAPTURBO forex robot is a new generation of EA. It’s simple to setup and comes with some simple to follow instructional videos to take you through the entire setup.

The FAP Turbo EA has 2 main modes of operation. Scalping mode which is a short term strategy and a long term advanced FAP strategy. Both strategies are built to the FAP expert advisor and can be turned on and off as necessary.

Using a test account you can get familiar with the ins and outs of trading forex without risk. Start practice trading with FAP Turbo while you become familiar with the system and are ready to begin live trading. FAP Turbo can trade even while you are sleeping is there nothing better than logging into your trading account to see how much money was earned while you were sleeping.

See Our full review of the FAPTurbo and then download your own copy to try risk free for 60 days...LINK

Can you be your own broker for foreigners?

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forex-options-trading

Can you be your own broker for foreigners?

Many people were really against the whole rational basis of wanting to get a broker of aliens, and really depend more on courses and the exchange dummy explains its push to get going on the market. Select a platform and often invest the money in multiple systems, and yes, make money in the market. ..LINK


Forex Trading System - Get Your Free 50K Demo Account Now 24 Hour Trading, Zero Commissions!

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The selling was sparked in Asian trade overnight after reports yesterday that the Korean central bank plans to diversify its reserves away from the US dollar. A spokesman for the Bank of Korea was quoted as saying in a report to parliament that as foreign exchange reserves increase, the central bank "will expand its investment into non-government papers, which carry relatively high yields, and diversify the currencies in which it invests"...LINK

Forex Wealth Building With Most Apposite Trading Signals

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The importance of Forex signals could not be overlooked, as these signals escort the most apposite entry and exit points to the market. If you, as an investor in forex trading market, are able to find best trading signal provider, you automatically become eligible to earn huge profits. Forex trading is most enchanting investment options, only if you are able to access right set of tools like trading signals. These signals mark the probability of success as well as failure for every investment in forex trading.

Currency

What Is Importance Of Forex Signals

Forex signals are the basic entities, which are capable of letting your investments to flourish in right direction. Here are few ways, by which forex signals provide help to the investors:

  • Forex signals help the investors to draw a thin line of difference between profit and loss segments of the market.
  • Forex signals help to evaluate the existing market prices of various world currencies and help the investors to decide, which currency to but.
  • Forex signals provide minute-by-minute report for fluctuating nature of forex trading market.
  • Most importantly, forex signals make use of most efficient tools like daily candlestick charts, hourly candlestick charts and minute-by-minute candlestick charts to provide latest information to the investors.

Thus, it is important to choose best trading signal provider to ensure better investments in this direction. You may learn some worthy tips regarding this by visiting 10 Minute Forex Wealth Builder, an online guide offering various tips and tracks for trading in world currencies.

Good Qualities Of Forex Signal Provider

Forex trading services are offered by various dealers and brokers, who have years of experience in this direction and are constant spectators of this market. While looking for the best option as a forex signal provider, you might come across ample of choices online. However, you need to choose the best and here are few tips to accomplish this:

  • First of all, the trading signal provider must share a respectable position in the market. There is no fun in starting with a novice player in the market.
  • The dealer must be capable of providing genuine customer support system to entertain the queries posed by the investors.
  • The dealer must ensure availability of services during full working hours of forex trading market.
  • The forex signal provider must utilize various charts to extract out latest information floating in the market.
  • The service provider must demand minimum participation from investor and work efficiently on his or her behalf
  • Most importantly, the dealer must be able to provide forex signals using different modes like SMS, email or any other mode specified by the investor.
  • Also, the forex signal provider must have the potential to provide services for all possible currency combinations like EUR/USD, USD/CHF, GBP/USD and so on.

How To Shop For Forex Signal Provider

Once you have decided to try your luck in forex trading, the biggest challenge is to keep pace with fluctuating market prices of different currencies. However, if you are in a regular job or business, it must be difficult for you to stick to the computer screen and make all those complex calculations. Here is the stage set for Forex signal provider. But, how to locate best service provider! Here are few tips:

  • It is always appreciated to contact the past customers of a forex signal provider and ask for their experience. This will definitely help you to locate most suitable option in the market.
  • Take into account the prices offered by each forex signal provider and compare them to narrow down your search at most favorable choices.
  • Another significant measure to adjudge the efficiency of a service provider is to check his or her credentials and past tracks of success and failure.

Investor’s Role In Forex Trading

Having said all, it is time to make one point clear that the ultimate decision is in the hands of investors. No doubt, these service providers lend helping hands to offer prevailing market trends. But, at the end of the day, you have to make your mind to invest at a particular point of time or not. Thus, you must familiarize your knowledge about forex trading to ensure favorable returns with every investment. You must have the flair to utilize data provided by forex signals to make some profitable investments.

In order to learn everything about forex trading, you need a useful guide and you may locate one easily on internet. One of these guides happens to be 10 Minute Forex Wealth Builder, which is devised by expert heads in the market.

Thus, forex trading signals are your escorts to ups and downs of forex market. Needless to say, forex market is volatile in nature and thus, these signals play critical role in taming the forces of this market for you...LINK