Welcome To The World Of Forex

Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.Forex is becoming more and more popular due to its availability over the internet and current high...

The Need For Forex

Many companies make forex transactions with their banks. The need for forex arises from international trade and international investment.· A company selling goods from another country might be required to pay in a foreign currency, such as the domestic currency of the supplier. It must therefore obtain the foreign currency to make the payment.· A company investing abroad might need to obtain foreign currency to acquire or to make the investment.Many foreign currencies can be bought and sold freely in the forex markets (FX markets), which are operated world-wide by banks...

FOREX TRADING SYSTEM

This forex trading system is part of my full forex trading system. I post it just to help out new traders to develop their own trading system. This forex system can be use on all pairs. It is far from perfect but can give you an idea how to trade and develop your own forex trading system. Maybe in the future if you manage to improve this system you may want to share with me. Anyway here it goes.Time Frame : 4 hoursMA's : SMA5 or SMA8 which ever suits you better, SMA55TSF : Period=55Bollinger Band : MA=simple, Period=55, Multiple=2.0Stochastic Slow : Period = 10,3,3, simple, simpleStochastic Fast : Period = 13,3 Exponential...

In The Land Of Forex

In The Land Of Forex, Trend Is KingThose are the words i hold on to in forex. No matter what happen in technical or fundamental study. Always follow the trend. Trend is king. Follow the king and you will be rewarded handsome...

Free Forex Signal

Eur/UsdEur/Usd is currently at 1.2862. From my calculation Eur/Usd has an upper range of 1.2880 - 1.2950. Possible trade is short Eur/Usd @ 1.2880 or better.Gbp/UsdGbp/Usd is currently at 1.9102. As stated in my other blog, possible trade is short Gbp/Usd @ 1.9100 or better wih upper range of 1.9100 -1.9150Aud/UsdPossible trade short Aud/Usd @ 0.7710 or better. Already gone down now. Btw i shorted from 0.7751. Its a good trade so far.Posted by WEB MASTERS at 12:...

Forex Trade Review

Last Friday, Non-Farm Payrolls is out. This is like fuel for Usd and it effect all pair especially eur/usd and gbp/usd. Last friday the report came out a mixed bag. People are confused and the price swing up and down. I was on the losing side of the trade but because of the swing at certain point I was 30 pips up but because Marketiva usually lock out during news hour, I finally end up at a lost. Well its forex anyway. If you dont lose in forex you dont feel the thrill.Anyway Im going to review few pairs. Maybe some of you can find a trade from my review. As for me I am currently out of the market waiting for it to come to sense. Currently all pairs are at extreme oversold or overbought.Eur/UsdCurrently at 1.2532 after a drop of almost 200 pips. Currently its on a thin downtrend...

Forex Signal

USD/CADusd/cad is currently at 1.1270 with a high of 1.1305. Looking at the chart, it has lost its momentum eventhough the uptrend is still intact. It may hover around 1.1240 - 1.1310 for a while.Possible Trade:Short usd/cad @ 1.1300 or better.Target: 1.1180, 1.11201, 1.1080.Caution:If usd/cad overshoot 1.1315, then its possible that it will go long. This is because usd/cad is currently going uptrend. It will be constantly making new h...

Marketiva Scam????

Read some very interesting review on marketiva. It seems that some people classified Marketiva as scam. I dont mind since im still using their $5. To me marketiva is a learning platform. Btw one review for you to read:"I would not trust any company with no background info. I had asked to see who or what is behind the company before depositing funds. No response. I believe there is some type of long term scam here. Something is not right compared to other brokers. Also it is a bit strange that you can open an acct. with no I.D. Last but not least, beware the glowing reviews of Marketiva spread out on forums. Most if not all of these posts are made by actual Marketiva admins posing fraudulently as investors. You can easily pick them out. They are the ones using obvious marketing slogans...

Trend, Momentum and Timing

When doing technical analysis on forex. There are 3 factors that need to be properly recognise and use. They are trend, momentum and timing.TrendTrend is the tendency of movement to a particular direction. When it is uptrend, the price will move up and vice versa.Momentum.Momentum is the strength of movement. The stronger the momentum the stronger the move. When the momentum is finished, it will reverse.TimingTiming is when u enter the market. Enter only when the profit to risk ratio is good. Other than that better stay out....

What is a Pip?

The most common increment of currencies is the Pip. If the EUR/USD moves from 1.2250 to 1.2251, that is ONE PIP. A pip is the last decimal place of a quotation. The Pip is how you measure your profit or loss.As each currency has its own value, it is necessary to calculate the value of a pip for that particular currency. In currencies where the US Dollar is quoted first, the calculation would be as follows.Let’s take USD/JPY rate at 119.80 (notice this currency pair only goes to two decimal places, most of the other currencies have four decimal plac...

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