tag:blogger.com,1999:blog-1236886418955005252024-03-08T12:55:09.372-08:00Your Beginner's Guide to Forex TradingThe global foreign exchange market is the biggest market in the world. The 3.2 trillion USD daily turnover dwarfs the combined turnover of all the world's stock and bond markets.hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.comBlogger76125tag:blogger.com,1999:blog-123688641895500525.post-50795195889336921432008-01-01T02:29:00.001-08:002008-01-01T02:35:48.286-08:00Forex Market Outlook on Majors<strong>INTRA-DAY GBP/USD OUTLOOK: 1.9955</strong><br /><br />Updating time :30 Dec 2007 22:23 GMT<br /><br />Cable's rebound after Friday's cross-inspired<br />retreat fm 2.0023 to 1.9903 suggests further choppy<br />consolidation wud be seen, however, a rise abv 1.99<br />97/00 is needed to signal the upmove fm 1.9753 to<br />retrace early decline has resumed to 2.0023/31.<br /><br />Below 1.9903 wud bring weakness twds 1.9880<br />but reckon 1.9850 (prev. res) wud remain intact...<br /><br />Range Forecast <br />+1.9955 / 1.9985+ <br /><br />Resistance/Support <br />R: 1.9979/2.0000/2.0023<br />S: 1.9903/1.9880/1.9850<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-85209307546084946092008-01-01T02:29:00.000-08:002008-01-01T02:35:47.985-08:00Forex Market Outlook on Majors<strong>INTRA-DAY GBP/USD OUTLOOK: 1.9955</strong><br /><br />Updating time :30 Dec 2007 22:23 GMT<br /><br />Cable's rebound after Friday's cross-inspired<br />retreat fm 2.0023 to 1.9903 suggests further choppy<br />consolidation wud be seen, however, a rise abv 1.99<br />97/00 is needed to signal the upmove fm 1.9753 to<br />retrace early decline has resumed to 2.0023/31.<br /><br />Below 1.9903 wud bring weakness twds 1.9880<br />but reckon 1.9850 (prev. res) wud remain intact...<br /><br />Range Forecast <br />+1.9955 / 1.9985+ <br /><br />Resistance/Support <br />R: 1.9979/2.0000/2.0023<br />S: 1.9903/1.9880/1.9850<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-8735665769474220112007-12-29T09:10:00.000-08:002007-12-29T09:11:02.537-08:00EUR/USD daily outlookRecommended trades: Long in the 1.4615 area, stop at 1.4585, objectives at and above 1.4665. Extended objectives may aim towards 1.4700 if 1.4660 will be tested and it won't hold. <br /><br />The Euro continued its recovery and climbed higher, breaking the resistance formed in the middle of the 1.45 area and established support near the 1.4600 mark. Support is now seen at 1.4590 backed by 1.4560, 1.4515 and 1.4475. Resistance starts at 1.4640 followed by 1.4660, 1.4700 and 1.4740. Bullish momentum is now seen on the daily charts and the hourly studies are positive as well. The Euro recovery is likely to continue, the pair aiming towards the mid-term resistance at 1.4740. If the said resistance will be broken, then we will start to look higher once again focusing on the all-time highs in the 1.49 area. On the other side, on a potential retracement the Euro will face support at 1.4560 which is also the 50% fib retracement of yesterday's upward move from 1.4475 to 1.4640. Although the upside is favored nowadays we must be careful on potential retracements aiming towards the first two support levels at 1.4590 and 1.4560. Current quote is 1.4635 @07:12 GMT<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-22284394983388659492007-12-29T09:09:00.000-08:002007-12-29T09:10:31.379-08:00<strong>FXDREAM EUR/USD</strong><br />Date: Thu, 27 December 2007 13:10:05<br />Resistance levels: 1.4550/1.4600/1.4640<br />Support levels: 1.4520/1.4470/1.4410<br />Merry Christmas!!!!<br />EUR/USD has bounced further towards 1.4600 over the last trading session on thin volumes as US Durable Goods Orders numbers came out much below expectations Further upmove towards 1.4640 is likely to be seen over today and tomorrow First immediate Resistance comes at 1.4600. On downside below 1.4470 turns price back towards 1.4410 in mid term First Support comes in the 1.4520-15 area <br />Strategy-neutral.<br /><br /><strong>FXDREAM GBP/USD</strong><br />Date: Thu, 27 December 2007 13:10:04<br />Resistance levels: 1.9950/2.0000/2.0070<br />Support levels: 1.9850/1.9750/1.9700<br />GBP/USD has broken beyond 1.99 first Resistance earlier today on thin volumes The break above 1..99 first strong Resistance may reverse price towards 2.0070 over today and tomorrow and 2.0280 in longer term First Resistance comes around 1.9950 On the other side, a break below 1.9850-45 area is needed for resuming the dontrend towads 1.9750 bottom <br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/JPY</strong><br />Date: Thu, 27 December 2007 13:10:03<br />Resistance levels: 114.80/115.30/115.70<br />Support levels: 114.00/113.20/112.80<br />USD/JPY has bounced to 114.70 high earlier today before US data Release No change in our view. The uptrend remains intact for test towards 114.80 and 115.70 in longer term. On the other side, first Support comes at 114.00 Below eases price back towards 113.20 later today. The key one remains at 112.80.<br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/CHF</strong><br />Date: Thu, 27 December 2007 13:10:02<br />Resistance levels: 1.1500/1.1580/1.1640<br />Support levels: 1.1400/1.1370/1.1300<br />USD/CHF has dropped below 1.1500-1490 previous Support area earlier today after disappointing US data The break below 1.1500 reverses the bias for pullback towards 1.1370 stronger one in mid and longer term. First target is at 1.1400 On the upside, a break above 1.1490-1.1500 region again is needed for reversal towards 1.1580 and higher.<br />Strategy-neutral.<br /><br /><strong>FXDREAM EUR/JPY</strong><br />Date: Thu, 27 December 2007 13:10:02<br />Resistance levels: 166.50/167.30/167.60<br />Support levels: 165.40/165.00/164.10<br />The Cross has hold above 165.40 first important Support over the last trading session bouncing towards 166.50 next target In mid and longer term further upmove towards 167.30 and 167.60 is not ruled out.First Resistance comes around 166.50 On downside, below 165.40 first crucial Support resumes the downtrend towards 164.00 Support <br />Strategy-neutral<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-89584959293380698932007-12-27T01:13:00.000-08:002007-12-27T01:15:47.292-08:00Forex Market Outlook on Majors<strong>INTRA-DAY GBP/USD OUTLOOK:</strong> <strong> 1.9887</strong><br /><br />Updating time :27 Dec 2007 05:56 GMT<br /><br />As cable has risen after finding renewed buying<br />abv 1.9850 (now sup), suggesting the rise fm this<br />week's low at 1.9753 to retrace recent decline wud<br />extend to 1.9905/10 n possibly twds 1.9928 but over<br />bought condition shud cap upside below 1.9950.<br /><br />Buy on dips with stop as indicated n only below<br />1.9828 wud abort intra-day bullishness...<br /><br />Range Forecast <br />1.9870 / 1.9895 <br /><br />Resistance/Support <br />R: 1.9895/1.9928/1.9985<br />S: 1.9850/1.9828/1.9805<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com1tag:blogger.com,1999:blog-123688641895500525.post-34411343633009490432007-12-24T15:48:00.001-08:002007-12-24T15:48:43.680-08:00USD/JPY Daily OutlookINTRA-DAY USD/JPY OUTLOOK: 114.09<br /><br />Updating time :23 Dec 2007 22:21 GMT<br /><br /><br />Friday's rally abv 113.60 (prev. res, now sup)<br />confirms recent uptrend fm 107.22 has 'finally' re-<br />sumed n further gain to 114.40/50 is now envisaged <br />after minor consolidation but near term o/bot condi<br />tion shud cap price below 114.75/80.<br /><br />Incline to buy dlr on dips as only below 113.60<br />wud signal a temp. top is made n risk 113.27...<br /><br />Range Forecast <br />113.90 / 114.21 <br /><br />Resistance/Support<br />R: 114.21/114.50/114.79<br />S: 113.60/113.27/112.74<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-60694681765208974302007-12-24T15:47:00.000-08:002007-12-24T15:48:15.429-08:00Forex Market Outlook on MajorsINTRA-DAY GBP/USD OUTLOOK: 1.9834<br /><br />Updating time :24 Dec 2007 04:30 GMT<br /><br />As cable has recovered after testing good sup <br />at 1.9810 in Asia, further consolidation abv there<br />is seen with mild upside bias n marginal gain abv<br />1.9845 (Aust.) can't be ruled out but 1.9895 shud<br />remain intact n yield another retreat.<br /><br />Sell on further rise n only below 1.9810 wud<br />confirm decline has finally resumed, 1.9770/80...<br /><br />Range Forecast <br />1.9820 / 1.9845 <br /><br />Resistance/Support <br />R: 1.9845/1.9895/1.9928<br />S: 1.9810/1.9748/1.9660<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-52023163292795084242007-12-24T15:46:00.000-08:002007-12-24T15:47:42.826-08:00EUR/USD Daily OutlookINTRA-DAY EUR/USD OUTLOOK: 1.4384<br /><br />Updating time :24 Dec 2007 04:28 GMT<br /><br />Although euro has moved higher fm 1.4368 (Aust.)<br />due to cross buying n consolidation with mild up-<br />side bias is seen, abv 1.4411 is needed to extend<br />the corrective rise fm last week's low at 1.4310<br />twds prev. res at 1.4436 later.<br /><br />Buy on dips with stop below 1.4348 (Friday's NY<br />low), break risks 1.4325/30 but 1.4310 shud hold...<br /><br />Range Forecast <br />1.4370 / 1.4395 <br /><br />Resistance/Support <br />R: 1.4411/1.4436/1.4482<br />S: 1.4368/1.4348/1.4310<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-31711326681935657792007-12-22T13:10:00.000-08:002007-12-22T13:11:50.565-08:00Daily Forecast by FXDream<strong>FXDREAM EUR/USD</strong><br />Date: Fri, 21 December 2007 13:10:05<br />Resistance levels: 1.4400/1.4450/1.4520<br />Support levels: 1.4350/1.4310/1.4270<br />Happy Christmas!!!<br />EUR/USD has held above 1.4350 first Suport earlier today on thin volumes before Christmas US Core PCE Index came out the same as consensus at 0.2% The bias remains bearish as long as price is below 1.4450 for retest of .4310 lows and even lower towards 1.4270 in mid term First minor Support comes at 1.4350. On the other side, a break above 1.4450 is needed for reversal back towards 1.4520 and 1.4580 .In short term as long as price is above 1.4350 further recovery to 1.4450 is not ruled out later today <br />Strategy-neutral.<br /><br /><strong>FXDREAM GBP/USD</strong><br />Date: Fri, 21 December 2007 13:10:04<br />Resistance levels: 1.9900/1.9950/2.0000/2.0070<br />Support levels: 1.9810/1.9740/1.9700<br />GBP/USD has remaimed below 1.9900 first Resistance over the last trading sessions despite stronger than expected UK Retail Sales numbers We have booked 60 pip profit for the first part and 120 pip for the rest of our Short position. The bias remains bearish for further downmove towards 1.9810 yesterday bottom and even 1.9740 in longer term First immediate Support comes at 1.9810 On the other side, a break above 2.0070 strong Resistance is needed for reversal towards 2.0200 and 2.0280 in longer term First Resistance comes around 1..99 <br />Holding GBP/USD Short at 1.9950,Stop-loss-1.9950( up from 1.9990) ,Take profit-1.9890( 1.9830)<br /><br /><strong>FXDREAM USD/JPY</strong><br />Date: Fri, 21 December 2007 13:10:03<br />Resistance levels: 113.60/114.00/114.80<br />Support levels: 112.80/112.20/111.50<br />USD/JPY has bounced towards 113.50-60 up boundery of the 112.80-113.50-60 previous high range Below 112.80 first immediate Support may cause pullback down to 112.20 and even 111.50 bottom in longer term On the other side, further upmove towards 114.00 over the next trading sessions and even 115.70 in longer term may be seen First Resistance comes in the 113.50-60 region <br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/CHF</strong><br />Date: Fri, 21 December 2007 13:10:02<br />Resistance levels: 1.1575/1.1600/1.1640<br />Support levels: 1.1500/1.1450/1.1370<br />USD/CHF has made pullback towards 1.1500 Support in Asia No change in our view. The bias remains positive for further upmove towards 1.1600 and 1.1650 in mid term and longer term First Resistance comes around 1.1580 yesterday highs . On the other side, first important Support comes at 1.1500 Below reverses the bias for pullback towards 1.1370 stronger one in mid and longer term. We prefer to stay aside for now <br />Strategy-neutral.<br /><br /><strong>FXDREAM EUR/JPY</strong><br />Date: Fri, 21 December 2007 13:10:01<br />Resistance levels: 163.50/164.00/164.60<br />Support levels: 162.40/161.70/161.20<br />The Cross has risen further towards 163.50 important Resistance level earlier today No change in our view. On the upside, a break above 163.50 first Resistance again is needed for reversal towards 164.00 and 165.30 previous high in longer term .First Resistance comes around 163.50 now On downside, below 162.40 resumes the downtrend towards 161.70 yesterday lows and 161.20 bottom in longer term <br />Strategy-neutral<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com1tag:blogger.com,1999:blog-123688641895500525.post-54904048069828416892007-12-22T12:25:00.001-08:002007-12-22T12:26:31.135-08:00Daily Market Comments<iframe marginwidth="0" marginheight="0" src=" http://webservices.realtimeforex.com/webservice/daily-market-comment? instruments=EUR-USD;USD-CHF;" frameborder="0" width="500" scrolling="yes" height="350" bordercolor="#000000"><br /> <a href="http://www.realtimeforex.com">forex, currency trading,<br /> forex trading, trading software, forex broker, foreign exchange trading,<br /> real time trading, real time currency exchange rate, forex trading system,<br /> forex news, spot forex, forex traders, online currency trading.</a><br /> </iframe><div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-64737158124521032352007-12-22T11:46:00.000-08:002007-12-22T13:08:22.444-08:00Economic Indicator Forecast<div id="fxstreet" style="width:100%"> <link rel='stylesheet' type='text/css' href='http://xml.fxstreet.com/EconomicCalendar/css/default-medium.css' /> <script type="text/javascript" src="http://xml.fxstreet.com/EconomicCalendar/content.aspx?id=FXstreetCalendar&caption=Economic Calendar&style=default-medium&width=100%25&height=350&countries=AU,CA,JP,EMU,DE,NZ,SW,UK,US&hides=time,country,volatility,actual,consensus,previous&view=day"></script> <div id="FXstreetCalendarbl">Powered by <a href="http://www.fxstreet.com">FXstreet.com The Forex Market</a></div> </div><div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-4615998374000948062007-12-15T12:56:00.000-08:002007-12-15T13:01:54.218-08:00<strong>FXDREAM EUR/USD</strong><br />Date: Fri, 14 December 2007 13:10:05<br />Resistance levels: 1.4520/1.4580/1.4670<br />Support levels: 1.4430/1.4370/1.4320<br />EUR/USD has dropped sharply down below 1.4520-15 our target area earlier today as US Core Consumer Price Index came out better than expected .The bias is bearish with next target at 1.4370 maybe next week and even 1.4300 On the other side, first important Resistance comes at 1.4520, however , a break abive 1.4580 is needed for reversal back towards 1.4670.<br />Strategy-neutral.<br /><br /><strong>FXDREAM GBP/USD</strong><br />Date: Fri, 14 December 2007 13:10:04<br />Resistance levels: 2.0280/2.0350/2.0450<br />Support levels: 2.0180/2.0100/2.000<br />GBP/USD has dropped sharply down to 2.0180 key Support and previous bottom after stronger than expected US CPI earlier Below 2.0180 opens territory for test of 2.00 maybe next week. Next down target comes at 2.0100. On the other side, first Resistance comes at 2.0280. However, a break above 2.0350 is needed for upmove towards 2.0450 and higher<br />Strategy-neutral<br /><br /><strong>FXDREAM USD/JPY</strong><br />Date: Fri, 14 December 2007 13:10:03<br />Resistance levels: 113.40/114.00/114.80<br />Support levels: 112.50/112.00/111.50<br />USD/JPY has found important Support in the 111.50-45 area yesterday and rebounded for test of 113.40 target over the last trading sessions as it was suggested in our previous reports . The bias remains bullish for test of 114.00 and 114.80 over the next trading sessions next week. First immediate Resistance comes around 113.40 highs On the other side, first important Support comes around 112.50 ahead of 111.50-45 key one <br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/CHF</strong><br />Date: Fri, 14 December 2007 13:10:02<br />Resistance levels: 1.1540/1.1600/1.1650<br />Support levels: 1.1450/1.1370/1.1300<br />USD/CHF has bounced further to 1.1540 ( beyond our next target at 1.1480) earlier today as it was suggested after stronger than expected US CPI We have booked 55 pip profit over the first part and 110 pip for the rest of our Long position The bias remains positive for further upmove towards 1.1600 and 1.1650 next week First Resistance comes at 1.1540 . On the other side, first Support comes at 1.1450 now ahead of 1.1370 stronger one <br />Holding USD/CHF Long at 1.1370,Stop-loss-1.1370( up from 1.1330) ,Take profit-1.1425( 1.1480)<br /><br /><strong>FXDREAM EUR/JPY</strong><br />Date: Fri, 14 December 2007 13:10:01<br />Resistance levels: 164.00/164.60/165.30<br />Support levels: 163.20/163.00/162.40<br />The Cross has fallen down to 163.25-20 area Support earlier today as it was suggested in our previous report . Below 163.20 reverses the bias towards 162.40 and 162.00 next week. On the upside, a break above 164.00 first Resistance again is needed for reversal towards 165.30 previous high.<br />Strategy-neutral<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-4411648893040719102007-12-08T14:43:00.001-08:002007-12-08T14:48:53.480-08:00Forex Strategy Building<a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-strategies.html">FOREX Trading Strategies</a><br />The world of trading and investment can be as frustrating as it can be rewarding! And Forex (Foreign Exchange) is no exception - often described as risky, profitable and complicated.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/how-to-loose-everything-worst-forex.html">How To Loose Everything - The Worst Forex Trading Strategy Ever That You Might Be Using</a><br />You may be wondering, `Why would David Jenyns write about the worst Forex trading strategy around?` <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/choosing-forex-strategy.html">Choosing A Forex Strategy</a><br />Technical analysis and fundamental analysis are the two basic areas of strategy in the FOREX market which is the exact same as in the equity markets.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-perfect-forex-trading.html">Forex Trading: The Perfect Forex Trading System</a><br />Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market?<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/trying-forex-trading-with-best-strategy.html">Trying Forex Trading with the Best Strategy and Approach</a><br />With the day things are today, more people are getting interested in investing their money to make them grow faster.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/your-guide-to-learning-forex-trading.html">Your Guide to Learning a Forex Trading System</a><br />There are a great number of people in America that are interested in investing in order to make a tidy profit.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/why-you-need-to-develop-your-own.html">Why You Need To Develop Your Own Trading System</a><br />There are many trading systems and strategies out there. There are many free ones printed in trading articles, journals, books and on trading-related websites.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/profitable-forex-strategies-and.html">Profitable Forex Strategies and Techniques</a><br />This article is mostly for people that already know what the Forex market is and at least know the basic concepts.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-forecasts-you-never-know-what-you.html">Forex Forecasts - You Never Know What You Will Benefit From</a><br />Possible risks and profits to be made can always be predicted if traders would only have more accurate Forex forecast to base their trade and decisions upon.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/how-i-became-successful-part-time.html">How I became a successful part time trader</a><br />I am Joe Chalhoub, a computer engineer, Forex trader and strategy builder. I began trading currencies 3 years ago. The first 3 months trading were complete failure, I remember I lost all my money and I was about to quit, but I couldn't, I felt if I quit now maybe I am missing the chance of having my own business.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-forecasting.html">Forex-Forecasting</a><br />This article provides insight into the two major methods of analysis used to forecast the behavior of the Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast tools for the Forex trader<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-30109368548046655982007-12-08T14:15:00.001-08:002007-12-08T14:35:27.520-08:00Forex General Tips<a href="http://forextrading-market.blogspot.com/2007/12/5-things-you-must-do-if-you-want-to.html">5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading</a><br />With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/real-forex-traders-learn-to-like-losses.html">Real Forex Traders Learn to Like Losses</a><br />As a forex trader you have to learn how to take losses. Period. Don't be a crybaby. Learn how to take losses. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-guide-how-to-deal-with.html">Forex Trading Guide- How to deal with Forex Trading</a><br />Buying and selling of different currencies of the world is known as forex trading. Forex or foreign exchange market is the largest trading market in the world.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-tips.html">Forex Trading Tips</a><br />Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it? <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/day-trading-forex-market-behaviour.html">Day Trading Forex Market Behaviour</a><br />Technology advances like the internet have spawned a new craze, where anyone with a secure internet connection prepared to undertake a small amount of training can engage in trading foreign exchange on the forex market. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/managing-forex-accounts-for-you.html">Managing The Forex Accounts For You</a><br />Managed forex accounts are a boon for those who don't have the time to devote to the foreign exchange dealing.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/trading-teacher.html">The Trading Teacher</a><br />When I studied the principles of investing in university, I was taught that the price of a share reflected the value of the company.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-training-deadly-forex-mistakes.html">Forex Training: Deadly Forex Mistakes That Assure Failure</a><br />Before venturing into your trading journey there are some things you need to be aware of, otherwise you could succeed on your trading adventure, and we don't want that to happen, do we? This Forex training guide will help you track the most costly mistakes Forex traders do.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/boost-forex-trading-profits-using-these.html">Boost FOREX Trading Profits Using These 3 Simple Guidelines</a><br />Forex trading is nothing more than direct access trading of different types of foreign currencies.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/7-undeniable-rules-of-forex-trading.html">The 7 Undeniable Rules of Forex Trading</a><br />Before we go into 7 rules of Forex Trading, that have been approved by a number of full time and successful traders, I'd like to narrate this story.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/how-matrix-will-boost-your-forex.html">How The Matrix Will Boost Your Forex Profits?</a><br />Perhaps you remember one of the most impactful movies of our time, the Matrix? Morpheus believed totally in Neo to the point where he almost sacrificed his life to save him.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/secrets-to-potentially-making-money-in.html">Secrets To Potentially Making Money In The Forex Markets</a><br />How would you like to be able to potentially make money trading currencies in the Forex markets? Better yet, how would you like to be able to potentially do this within strict risk control parameters?<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-education-thinking-of-buying.html">FOREX Education - Thinking Of Buying FOREX Advice? Read This First</a><br />There is a huge amount of FOREX Education you can buy but before you buy it read this, as in excess of 90% of it will ensure you lose.<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-10096759947551549552007-12-08T13:33:00.000-08:002007-12-08T13:43:24.449-08:00Forex Trading Phsychology<a href="http://forextrading-market.blogspot.com/2007/12/forex-why-psychiatrists-make-better.html">Forex: Why Psychiatrists Make Better Traders Than Expert Economists?</a><br />It should be noted that millionaire traders, Elder, Williams and some others are in fact professional psychiatrists.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/emotions-and-forex-trading-dont-mix.html">Emotions And Forex Trading Don't Mix</a><br />The key to making money in the currency exchange market is to avoid emotional decisions and to follow a carefully thought out strategy that takes the current market and history into account.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-market-trading-and-mind-games.html">Forex Market Trading And The Mind Games</a><br />Mind Games defined: Mind Games are a kind of social interaction where participants try to screw with one anothers' heads.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-no-psychological-limitations.html">Forex: No psychological limitations</a><br />Back when I first started learning about investing, I decided to start from the beginning and read basic books on personal finance as well as "guides" for understanding all of the investment world in a nut shell. Most of these authors were very knowledgeable and informative, but their investment advice was far too conservative for my taste.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/trading-psychology-mistakes-in-trading.html">Trading Psychology: Mistakes in a Trading Environment</a><br />When it comes to trading, one of the most neglected subjects are those dealing with trading psychology.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-fear-factor.html">Forex Trading: The Fear Factor</a><br />Market knowledge and ability to understand analysis will only get you so far in forex trading, but without the nerve to actively compete risking your own money in the process you can never become a successful trader.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-psychology-learn-to-see.html">FOREX trading psychology: Learn to see the line between the trading plan and your emotional impulses</a><br />The vast majority of Forex education organizations fail to address the only true characteristic of a market place, the human nature. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/your-forex-trading-potential-can-be.html">Your FOREX trading potential can be predicted by looking at your daily emotional behavior</a><br />As hundreds and thousands of articles have been written on the subject of trading the markets, and with the emergence of new financial instruments every day, I feel compelled to put together a dissertation on the most important element of trading, the emotional effect.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-how-to-handle-string-of.html">Forex : How To Handle A String Of Investment Losses</a><br />Everybody hates to lose and unfortunately no one is blessed with the ability of foresight, therefore losses are an unavoidable part of trading. When we enter a trade we will either be right, or wrong, and even if we broke-even we'd still be classed as being wrong - as nobody enters into a trade just to break-even! When unsuccessful traders encounter a string of losses they begin to engage in self-destructive patterns that help them escape the pain they are experiencing<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/why-do-best-trading-systems-fail.html">Why do the best trading systems fail?</a><br />Why do Forex Traders fail? I have a theory.<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-28944062285300784282007-12-08T13:06:00.001-08:002007-12-08T13:11:23.763-08:00Forex Money Management<a href="http://forextrading-market.blogspot.com/2007/12/sneaky-way-to-managing-losses-in-your.html">The Sneaky Way To Managing Losses In Your Forex Trading</a><br />One of the cardinal rules of Forex trading is to keep your losses small. With small Forex trading losses, you can outlast those times the market moves against you, and be well positioned for when the trend turns around.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/money-management-tips-for-trading-on.html">Money Management Tips For Trading On The Forex</a><br />What is Money Management: describes strategies or methods a player uses to avoid losing their bankroll. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-dealing-with-your-losses.html">FOREX - Dealing With Your Losses</a><br />One of the most important rules of Forex trading is to keep your losses as small as you possibly can.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/costs-of-trading.html">The Costs Of Trading</a><br />You may have relatives or friends who trade the markets. They could be trading shares, futures, options or forex.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-exiting-positions-at-right-time.html">FOREX: Exiting positions at a right time</a><br />The presented article covers one of the most important (in author's opinion) aspects of trading in general and Forex trading in particular - managing of orders and positions.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/protective-puts.html">Protective Puts</a><br />Option overlays in the forex are a great way to control risk while taking advantage of the upside in trading.<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-55792604704369418352007-12-08T12:32:00.000-08:002007-12-08T12:56:41.682-08:00Forex Technical Analysis<a href="http://forextrading-market.blogspot.com/2007/12/pivot-points-in-forex-mapping-your-time.html">Pivot Points in Forex: Mapping your Time Frame</a><br />It is useful to have a map and be able to see where the price is relative to previous market action<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/whats-fibonacci-forex-trading.html">What's Fibonacci Forex Trading?</a><br />Fibonacci forex trading is the basis of many forex trading systems used by a great number of professional forex brokers around the globe, and many billions of dollars are profitable traded every year based on these trading techniques.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/whats-382-fibonacci-ratio-in-forex.html">What's the .382 Fibonacci Ratio in Forex Trading?</a><br />It was mentioned in a past article that Fibonacci forex trading is the basis of many forex trading systems used around the world by profitable forex traders<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/how-to-read-forex-charts-5-things-you.html">How To Read Forex Charts: 5 Things You Must Know</a><br />Learning the basic skills in forex, such as how to read forex charts, is really important. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-traders-need-to-know-about.html">Forex Traders Need To Know About Crossing Currency</a><br />Why did the currency cross the road? No this has nothing to do with the term crossing currency <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-trading-indicators-and-ever.html">Forex Trading Indicators and the Ever Changing Market Conditions</a><br />Once you enter the Forex trading world you will immediately notice the need of using technical analysis in order to find trends when looking at the forex charts and also the importance of being aware of when they first develop so you can ride the trend until it ends.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/relative-strength-analysis-in-forex.html">Relative Strength Analysis In Forex Trading</a><br />Analysis means: Research used to assist in predicting the direction of the markets based on technical data relating to price movements of the market, or on fundamental data such as corporate earnings. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/trading-trend-and-ranges-in-todays.html">Trading Trend And Ranges In Today's Forex</a><br />When you choose to start trading in the Forex market, which is often called the foreign exchange market, you will need to know a little trading vocabulary<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/better-understand-technical-analysis.html">Better Understand Technical Analysis and Some Indicators</a><br />We're focusing on technical analysis in this article with a description of some of the important indicators. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/gann-angles-unique-powerful-tool-for.html">Gann Angles - A Unique Powerful Tool For Trading Profits</a><br />W D Gann developed technical trading systems that made him a fortune of in excess of 50 million dollars. <br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/discover-some-magic-to-beat-forex.html">Discover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex Markets</a><br />One of the best known and least understood theories of technical analysis in forex trading is the Elliot Wave Theory.<br /><br /><a href="http://forextrading-market.blogspot.com/2007/12/forex-information-how-to-draw-demark.html">Forex Information: How To Draw DeMark Trendlines</a><br />When searching for Forex information on the internet you are likely to find articles relating to trendlines and trendline analysis.<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-62804696047214325092007-12-05T04:28:00.001-08:002007-12-05T04:28:36.267-08:00<strong>FXDREAM EUR/USD</strong><br />Date: Tue, 4 December 2007 13:10:05<br />Resistance levels: 1.4780/1.4850/1.4900<br />Support levels: 1.4700/1.4630/1.4580<br />EUR/USD has broken above 1.4710 first Resistance that results in a rapid move towards 1.4780-85 next Resistance area No important fundamental news tomorrow No change in our view. The uptrend remains intact for retest of 1.4900-10 highs and even 1.4965 record highs in longer term A break above the Resistance around 1.4780 is needed for resuming the uptrend towards 1.4850 and 1.4900. On the other side, first Support comes around 1.4700 ahead of 1.4630 yesterday bottom. . <br />Strategy-neutral.<br /><br /><strong>FXDREAM GBP/USD</strong><br />Date: Tue, 4 December 2007 13:10:04<br />Resistance levels: 2.0650/2.0700/2.0840<br />Support levels: 2.0520/2.0450/2.0420<br />GBP/USD has remained ranged around 2.0600 over the last trading sessions Unfortunately, our Long position has been stopped at 2.0620 earlier today with small 30 pip loss . On the upside, a break above 2.0680 first Resistance is needed for resuming the uptrend towards 2.0840 up target. In short term On the other side, as long as price is below 2.0680 ease back to 2.0550-20 area later today and even 2.0450 in mid term may be seen . <br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/JPY</strong><br />Date: Tue, 4 December 2007 13:10:03<br />Resistance levels: 110.20/110.70/111.20<br />Support levels: 109.50/109.00/108.30<br />USD/JPY has broken 110.20 previous Support earlier today, falling further towards 109.50 stronger Support as it was suggested in our previous reports On downside, first important Support comes around 109.50 now . Below 109.50 causes reversal in the bias towards 109.00 and even 108.30-25 area On the upside,a break above 110.15-20 first Resistance area is needed for resuming the upmove towards 111.20 and 111.70.<br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/CHF</strong><br />Date: Tue, 4 December 2007 13:10:02<br />Resistance levels: 1.1250/1.1320/1.1350<br />Support levels: 1.1150/1.1100/1.1070<br />USD/CHF has broken below 1.1250 down towards 1.1160-50 area as it was suggested in our previous report after failing to penetrate above 1.1320 previous high and key Resistance earlier today . Above opens territory for further upmove towards 1.1400 and 1.1450 in longer term First important Resistance comes at 1.1250. On downside, first Support comes around 1.1160 daily lows. Below may ease price further towards 1.1070 over the next trading session <br />Strategy-neutral.<br /><br /><strong>FXDREAM EUR/JPY</strong><br />Date: Tue, 4 December 2007 13:10:01<br />Resistance levels: 162.00/162.60/163.80<br />Support levels: 161.50/161.00/160.30<br />The Cross has fallen to 161.00Support and our next target over the last trading session. as it was suggested . The up target remains at 164.30 in longer term First immediate Resistance comes around 162.40 now . A break again above 162.40 is needed for resuming the upmove towards 163.80 highs . On downside, as long as price is below below 162.00 retest of 161.00 and even 160.30 is not ruled out <br />Strategy-neutral<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-71807726177863597712007-12-05T04:12:00.000-08:002007-12-08T14:42:46.227-08:00Forex-ForecastingThis article provides insight into the two major methods of analysis used to forecast the behavior of the Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast tools for the Forex trader. They have the same goal - to predict a price or movement. The technician studies the effect while the fundamentalist studies the cause of market movement. Many successful traders combine a mixture of both approaches for superior results. <br /><br /><strong>Technical analysis </strong><br /><br />Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and takes into account the price of instruments and the volume of trading, and creates charts from that data to use as the primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously. <br />Technical analysis is built on three essential principles: <br /><br />1. <strong>Market action discounts everything !</strong> This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. However, the pure technical analyst is only concerned with price movements, not with the reasons for any changes. <br /><br />2. <strong>Prices move in trends</strong> Technical analysis is used to identify patterns of market behavior that have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. Also, there are recognized patterns that repeat themselves on a consistent basis. <br /><br />3. <strong>History repeats itself</strong> Forex chart patterns have been recognized and categorized for over 100 years and the manner in which many patterns are repeated leads to the conclusion that human psychology changes little over time. <br /><br />Forex charts are based on market action involving price. There are five categories in Forex technical analysis theory: <br /><br /><br />Indicators (oscillators, e.g.: Relative Strength Index (RSI) <br />Number theory (Fibonacci numbers, Gann numbers) <br />Waves (Elliott wave theory) <br />Gaps (high-low, open-closing) <br />Trends (following moving average). <br /><br />Some major technical analysis tools are described below: <br /><br /><strong>Relative Strength Index (RSI):</strong> <br />The RSI measures the ratio of up-moves to down-moves and normalizes the calculation so that the index is expressed in a range of 0-100. If the RSI is 70 or greater, then the instrument is assumed to be overbought (a situation in which prices have risen more than market expectations). An RSI of 30 or less is taken as a signal that the instrument may be oversold (a situation in which prices have fallen more than the market expectations). <br /><br /><strong>Stochastic oscillator: </strong><br />This is used to indicate overbought/oversold conditions on a scale of 0-100%. The indicator is based on the observation that in a strong up trend, period closing prices tend to concentrate in the higher part of the period's range. Conversely, as prices fall in a strong down trend, closing prices tend to be near to the extreme low of the period range. Stochastic calculations produce two lines, %K and %D that are used to indicate overbought/oversold areas of a chart. Divergence between the stochastic lines and the price action of the underlying instrument gives a powerful trading signal. <br /><br /><strong>Moving Average Convergence Divergence (MACD): </strong><br />This indicator involves plotting two momentum lines. The MACD line is the difference between two exponential moving averages and the signal or trigger line, which is an exponential moving average of the difference. If the MACD and trigger lines cross, then this is taken as a signal that a change in the trend is likely. <br /><br /><strong>Number theory: </strong><br />Fibonacci numbers: The Fibonacci number sequence (1,1,2,3,5,8,13,21,34...) is constructed by adding the first two numbers to arrive at the third. The ratio of any number to the next larger number is 62%, which is a popular Fibonacci retracement number. The inverse of 62%, which is 38%, is also used as a Fibonacci retracement number. <br /><br /><strong>Gann numbers: </strong><br />W.D. Gann was a stock and a commodity trader working in the '50s who reputedly made over million in the markets. He made his fortune using methods that he developed for trading instruments based on relationships between price movement and time, known as time/price equivalents. There is no easy explanation for Gann's methods, but in essence he used angles in charts to determine support and resistance areas and predict the times of future trend changes. He also used lines in charts to predict support and resistance areas. <br /><br /><strong>Waves </strong><br />Elliott wave theory: The Elliott wave theory is an approach to market analysis that is based on repetitive wave patterns and the Fibonacci number sequence. An ideal Elliott wave patterns shows a five-wave advance followed by a three-wave decline. <br /><br /><strong>Gaps</strong> <br />Gaps are spaces left on the bar chart where no trading has taken place. An up gap is formed when the lowest price on a trading day is higher than the highest high of the previous day. A down gap is formed when the highest price of the day is lower than the lowest price of the prior day. An up gap is usually a sign of market strength, while a down gap is a sign of market weakness. A breakaway gap is a price gap that forms on the completion of an important price pattern. It usually signals the beginning of an important price move. A runaway gap is a price gap that usually occurs around the mid-point of an important market trend. For that reason, it is also called a measuring gap. An exhaustion gap is a price gap that occurs at the end of an important trend and signals that the trend is ending. <br /><br /><strong>Trends </strong><br />A trend refers to the direction of prices. Rising peaks and troughs constitute an up trend; falling peaks and troughs constitute a downtrend that determines the steepness of the current trend. The breaking of a trend line usually signals a trend reversal. Horizontal peaks and troughs characterize a trading range. <br /><br />Moving averages are used to smooth price information in order to confirm trends and support and resistance levels. They are also useful in deciding on a trading strategy, particularly in futures trading or a market with a strong up or down trend. <br /><br />The most common technical tools: <br /><br /><strong>Coppock Curve </strong>is an investment tool used in technical analysis for predicting bear market lows. <br /><br /><strong>DMI (Directional Movement Indicator)</strong> is a popular technical indicator used to determine whether or not a currency pair is trending. <br /><br />Unlike the fundamental analyst, the technical analyst is not much concerned with any of the "bigger picture" factors affecting the market, but concentrates on the activity of that instrument's market. <br /><br /><strong>Fundamental analysis </strong><br /><br />Fundamental analysis is a method of forecasting the future price movements of a financial instrument based on economic, political, environmental and other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the financial instrument. In practice, many market players use technical analysis in conjunction with fundamental analysis to determine their trading strategy. Fundamental analysis focuses on what ought to happen in a market. Factors involved in price analysis: Supply and demand, seasonal cycles, weather and government policy. <br />Fundamental analysis is a macro or strategic assessment of where a currency should be trading based on any criteria but the movement of the currency's price itself. These criteria often include the economic condition of the country that the currency represents, monetary policy, and other "fundamental" elements. <br /><br />Many profitable trades are made moments prior to or shortly after major economic announcements. <br /><br />by Easy Forex<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com1tag:blogger.com,1999:blog-123688641895500525.post-54781873740562151622007-12-01T13:03:00.000-08:002007-12-01T14:32:19.690-08:00<strong>FXDREAM EUR/USD</strong><br />Date: Fri, 30 November 2007 13:10:05<br />Resistance levels: 1.4780/1.4850/1.4900/1.4965<br />Support levels: 1.4710/1.4680/14660<br />EUR/USD has retested 1.4780 first immediate Resistance earlier today Today focus will be on US Core PCE Index at 13:30 GMT The consensus is at 0.2% No change in our view. The uptrend remains intact for retest of 1.4900-10 highs and even 1.4965 record highs in mid term A break above first Resistance around 1.4780 is needed for resuming the uptrend towards 1.4850 and 1.4900. On the other side, further downmove towards first important Support at 1.4710 and even 1.4675 key one may be seen later today. <br />Strategy-neutral.<br /><br /><strong>FXDREAM GBP/USD</strong><br />Date: Fri, 30 November 2007 13:10:04<br />Resistance levels: 2.0700/2.0750/2.0840<br />Support levels: 2.0600/2.0520/2.0450<br />GBP/USD has found Resistance at 2.0700 earlier today after weak UK Consumer Confidence numbers Below 2.0600 key Support reverses the uptrend towards 2.0550-20 bottom area later today and even 2.0450 in mid term . First Support comes around 2.0600. On the upside, a break above 2.0700 again is needed for resuming the uptrend towards 2.0840 and 2.0880 up targets. Hold cautious Long for squeeze above 2.0700 later today <br />Holding GBP/USD Long at 2.0665,Stop-loss-2.0625,Take profit-2.0725( 2.0800)<br /><br /><strong>FXDREAM USD/JPY</strong><br />Date: Fri, 30 November 2007 13:10:03<br />Resistance levels: 111.00/111.70/112.00<br />Support levels: 110.20/109.50/109.00<br />USD/JPY has reached our target at 110.70 earlier today as it was suggested No change in our view. As long as price holds above 109.00 key Support further recovery towards 111.70 may be seen over the next trading sessions First Resistance comes at 111.00 . On downside, first minor Support comes around 110.20 ahead of 109.50 key one. Below 109.50 causes reversal towards 109.00 and even 108.30-25 area <br />Strategy-neutral.<br /><br /><strong>FXDREAM USD/CHF</strong><br />Date: Fri, 30 November 2007 13:10:02<br />Resistance levels: 1.1200/1.1230//1.1300<br />Support levels: 1.1100/1.1070/1.1020/1.0960<br />USD/CHF has retested 1.1200-30 strong Resistance area earlier today . Above 1.1200 first Resistance may lead price further towards 1.1300 later today and on Monday . On downside, below 1.1150 first immediate Support turns price back towards 1.1070 key one .In longer term, however, the bias remains bearish for retest of 109.60 and 108.90 bottoms. <br />Strategy-neutral.<br /><br />FXDREAM EUR/JPY<br />Date: Fri, 30 November 2007 13:10:01<br />Resistance levels: 163.80/164.30/165.00<br />Support levels: 162.60/162.00/161.00<br />The Cross has risen beyond 163.60 previous high and our target earlier today after the break above 163.00 as it was suggested in our previous report.. The up target remains at 164.30 in mid term First Resistance comes at 163.80 daily highs . On downside, there is important Support around 162.00 now Below turns price back to 161.00 key one and even towards 160.00 and 159.60 in mid term First minor Support is at 162.60<br />Strategy-neutral.<br /><br /><iframe name=DC src=http://freeserv.dukascopy.com/chart/?ql=1,2,3,4&interval=10&points_number=100&view_type=line&width=450&height=248&osc_type=-1&osc_height=100&p1=2&p2=3&p3=7&c=&rfi=false&show_labels=true&show_border=true width=450 height=250 border=0 frameborder=0 marginwidth=0 marginheight=0 scrolling=no></iframe><div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-20314855008145061132007-12-01T11:33:00.000-08:002007-12-08T14:42:09.282-08:00How I became a successful part time traderIntroduction <br /><br />I am Joe Chalhoub, a computer engineer, Forex trader and strategy builder. I began trading currencies 3 years ago. The first 3 months trading were complete failure, I remember I lost all my money and I was about to quit, but I couldn't, I felt if I quit now maybe I am missing the chance of having my own business. So I stopped trading and began observing, studying, analyzing and practicing.<br /><br />Observing: I began observing the market, what causes movement, reaction, ranging and trading. <br /><br />Analyzing: I began working with technical and fundamental analysis; how each analysis can predict and redirect the market and how I can use them both for my own benefit. I will talk about these analyses in the following paragraph. <br /><br />Reading: I bought Forex Trading Books and read them, books explaining different strategies and tactics used by experienced traders. <br /><br />Practicing: I created free accounts and began trading virtually and each technique I invent I tried it and monitored its performance and validity. <br /><br />After one year of studies, analysis and practicing trading techniques and after many failure and frustration I reached my own strategy and it is working very well and each month my profit is positive. <br /><br />Implementation <br /><br />I reached my targets and I built a successful strategy, but that's not enough; to make profit I must not miss any opportunity and forex market is full of opportunities because it is the most active market in the world, for that reason I must sit all time and watch and detect opportunities all day long from Monday to Friday. <br /><br />How to resolve this problem, I can't sit and observe the market hours and hours, I have my career and my family, so I thought I must program my strategy, let the Information Technology do the hard work for me, and nobody is discipline as a software, so I created an artificial intelligent software which collects data from the market and implement my strategy on this data and detect opportunities 24/24. <br /><br />This program analyses fundamental and technical data and generates forex signals which are forwarded automatically to my broker platform where the signals are executed automatically and forwarded also to my website members. All this is done without my interfering, I just run the program, it analyses and makes its decisions (Buying, Selling or stay aside). <br /><br />How to succeed in Forex Trading <br /><br />Five over hundred traders succeed in this business, what differentiate those five successful from the 95 others is one thing, it is the HARD WORK. Forex trading is not an easy business, and who tells you that he can make you rich in one night is one of those 95. Only one thing can make you a successful trader, HARD WORK, and nothing else. Don't rely on other traders or advisors to help you, rely and have confidence on yourself. <br /><br />Don't begin trading quickly, the forex market will not go anywhere, it will stay forever, give yourself 6 to 12 months of studies, analysis, readings, practice and build your own strategy before begin real trading, it will take a lot of time and dedication but at the end you will reach your target. <br /><br />Strategy <br /><br />I will not reveal my full strategy but I will reveal some techniques I use which help traders in their trades. <br /><br />My strategy follows the following tips and techniques: <br /><br />1 - Discipline: Put criteria for your trades, watch the market and only trade when criteria are met, if they are not met do not trade. My program is the most disciplined trader, it takes care of all of this, it monitors the market and only trade if only criteria are met, and the second advantage of this is the elimination of the fear factor, it enters a trade when it sees it is good to enter and fear nothing. <br /><br />2 - Money management: It's the main key for good trading, I exit all trades and stop trading for a specific day if I lost -60 pips, in the other hand I put stop loss for my trades if I reached +25 pips profit, in that case profit will not get under +25 pips and it has open target, and all I have to do is go out and have fun. <br /><br />3 - No trades for now: The most important thing in trading is sometime not to trade, I take this decision after looking to my charts and see that there is not enough volatility or there is no enough reports will be released for today and it is better to wait until market is more volatile. I advise traders not to trade during the first days of the month, personally I begin trading at the first Friday of the month when the "NonFarm payroll" report will be released. <br /><br />4 - Analysis: I use fundamental and technical analysis while trading. Fundamental defines the trend of the market and the technical analysis is used after the definition of the trend. I trade the news by analyzing programmatically the released data for a specific report and generate signals which are executed immediately on the trading platform and forwarded simultaneously to my members. <br /><br />Fundamental and technical analysis must be used together, if one is used without the other this will lead to failure. <br /><br />5 - Technical indicators: In the forex market there is a lot of indicators which are used by many traders. I use ADX, Bollinger Bands to identify trends and volatility; RSI to identify an over bought or sold and Moving Average to identify a signal. And the most important technique is FIBONACCI, I advise traders to implement this technique and use it to confirm trades. <br /><br />Finally, I must say that Forex is not easy, and many times we feel that someone is doing a conspiracy on us to take our money, but the truth is nothing is impossible, and others successful traders are not more intelligent than us and they are not genius from other planet, the fact is the more you work the more you become closer to become good trader. Do not quit quickly because this business deserves hard work and dedication. <br /><br />By Joe Chalhoub<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-50467960379289270922007-12-01T11:27:00.000-08:002007-12-08T14:41:20.777-08:00Forex Forecasts - You Never Know What You Will Benefit FromPossible risks and profits to be made can always be predicted if traders would only have more accurate Forex forecast to base their trade and decisions upon. Forex forecasts are only one way of keeping up with the volatile Forex market. Success will depend the most in knowing what and who will affect the rate changes.<br /><br />The Forex market has already been through a lot of ups and downs that even fortune tellers would have difficulty guessing what will be its next movement. Making a Forex forecast can be helpful but can also be too risky. Besides, doing it is not that easy also. <br /><br />In Forex forecasts, nothing specific is given. The traders are not made to hope high and expect more. If you have seen or heard a Forex forecast, be sure to check on some projected rate fluctuations whenever and wherever possible so you would have an idea it the Forex forecast shows a likely possibility to be true or not. <br /><br />Staying in touch and up-to-date with the latest news and happenings around the globe and information about the Forex currency can help traders determine when is the best time to buy, sell and stay away from a particular market. All these things are important in the performance of your trade. Take note of some Forex forecasts if only to serve as guide whenever you are in a situation that you find hard to make a decision upon. <br /><br />How can one benefit from Forex forecasts? <br /><br />There are some companies that are offering Forex forecast information as a subscription that traders can avail of. For those who do not have enough patience and browse for information in the internet, this Forex forecast information would be their alternative. <br /><br />No one said that there is a 100% accuracy in these Forex forecasts. And no one told traders that they should also believe them 100%. If you want to have more degree of accuracy in the Forex forecast, you could always find one with the most accurate percentage rate. <br /><br />You could look for something or someone that offers free information or a trail period for you to test the degree of their ability to give accurate forecast about the Forex market. There are also some sites that send out Forex forecast to emails that you may want to try out just so you will choice to choose from if you decide to avail the services of some of them. <br /><br />Relying only on one Forex forecast is not the thing to do. You should at least have some more choices in the process of making an investment decision. Try to get more Forex forecast from sources that are rampant online and offline so you would not stick to just one. <br /><br />The thing to remember is that your investments are your future and you have already worked too hard to just let it all down the drain. Do not put the future of your Forex trade into the hands of only person. Try to get several Forex forecast and choose the best one that you think has great ounces of accuracy up their sleeves. <br /><br />Before putting the future of your investments into the hands of those offering Forex forecasts, make it a point to check out the latest that is happening in the Forex trading and see if the trend is likely to go with what the predictions are telling about. <br /><br />If you think more about it, people doing Forex forecasts would not be out there giving bad forecasts because their reputation is the one at stake there. They surely would not want to ruin the image they have by giving false predictions about things that they know people will listen to, would they? <br /><br />Like they say, traders should not believe all that is written in Forex forecasts. Some but not all. There are still decisions to be made that will be based upon the trader itself and no amount or accuracy of Forex forecasts can make that decision for them. <br /><br />Just to be on the right side of things, always make sure and do your own research that will back up the Forex forecast you actually think is going to work. You never know what it will lead to... <br /><br />by Kevin Anderson<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-8847599178800668272007-12-01T11:24:00.000-08:002007-12-08T14:40:48.181-08:00Profitable Forex Strategies and TechniquesThis article is mostly for people that already know what the Forex market is and at least know the basic concepts. If you have no clue about what this market is or you have never heard about it, I will give you a very brief explanation bellow. <br /><br />Forex is the acronym for Foreign Exchange Market. This is the biggest and most liquid market of the entire world today. One to three trillion dollars exchange hands at Forex every day. That's a huge amount of money. No stock market exchange of any country come close to this.<br /><br />This market is huge. It is a sea of money full of sharks and dangerous waters, but it is also the only market where you at least hypothetically can make $1,000,000 in two weeks starting with only $1,000. <br /><br />I say hypothetically because what happens often is that people blindly gamble their money at Forex without knowing anything about it and they lose their shirt. That's why I say to you: be careful! This market is profitable, but you need to learn the basics well, do your homework and demo trade a lot. <br /><br />Just remember that 95% of traders lose money, 5% make it and less than 1% become rich at Forex. The nice thing about this market is that you can make money without creating any product or service, selling anything, nor advertising. You just trade some cash and get paid depending on your knowledge and expertise. <br /><br />This is the market where banks, transnational corporations and individual traders exchange one currency for another. I am talking about the spot Forex market. You can trade at huge leverage as much as 400 to 1, meaning that for every dollar that you have for trading you can trade 400. For example if you have $1,000 on your account you can trade as much as $400,000. <br /><br />This is dangerous. Most experienced traders won't use such a high leverage. In the other hand, high leverage can be good if you learn how to use it in your favor. Anyway, that's enough for the basics. If you want to learn more about how this market emerged, its history and so, then read my other articles. <br /><br />Now let's talk about the strategies and how some traders make money at Forex. Let's start by saying that what works for me may not necessary work for you. Trading currencies is risky. That's a fact. But ultimately I discovered a few strategies that could give novice traders a winning edge. <br /><br />Trading Forex is not as easy as most people think. Today you may be earning a lot and tomorrow you are losing 40% of your starting capital. Novice traders often make the same mistakes over and over again. I will enumerate a few of them bellow. <br /><br />1. Do not look for a holly grail of trading. <br /><br />This is for people who are afraid to lose or are too greedy and want to get rich quick. Even when it seems so, The Forex Market is not the place to get rich quick. Yes, you can make a lot of money over time and yes you don't have to sell anything, nor create or advertise any products. Still you have to learn a whole lot about what makes this market tick and what moves the price of the currencies plus how to manage your money effectively so you don't lose your shirt. <br /><br />Many novice traders spend a LOT of time searching a perfect strategy that will allow them to always win-win and never lose. They want to have guaranteed profits because they can't stand to lose and/or they want to make too much (millions) quick so they can retire fast and buy a mansion in a far distant beautiful tropical island. It doesn't happen. <br /><br />Don't waist your time. A trading strategy that allows you to have guaranteed profits do not exist. Trading is very risky. That's why it is so profitable. Remember: "no risk, no reward." So, do not try to always win on every trade. It is simply not possible. There is no way to get rid of the fact of uncertainty. What I mean is that no matter how effective your trading strategy may be, sometimes it will fail and you have to be ready to face this fact. <br /><br />By not trying to find a perfect strategy that turns you into a millionaire fast, you will just save a ton of your own time and efforts. It doesn't exist. If you find it, please don't tell me about it. First I won't believe you. Second I don't need it. You will find out bellow why I say that I won't need it. <br /><br />2. Use technical analysis and fundamental analysis. <br /><br />When I started trading I didn't believe in this. I wanted to find a strategy which consisted of money management alone (which I explain bellow). This is not good! Money management is important but you still need the other two. You define ("predict") where the market is heading to depending on how effective your technical and fundamental strategies are. <br /><br />Mastering technical analysis is the ability to predict future price movements by analyzing past price data and graphical patterns. You get a graphic of certain currencies. Check the data that you observe and based on your knowledge of technical analysis you "predict" with certain degree of accuracy where the market is going. <br /><br />Many brokers allow you to add technical indicators to the graphs while you are trading. You can try this on a demo account and see how well you are able to define the future price movement of the currencies you plan to trade. One of those brokers is www.oanda.com. <br /><br />There are many technical indicators. I can't tell which one will be more effective for you. Every trader is different. This is something that you will have to discover by yourself. There is not a hidden secret or magic formula for trading Forex. It is what you do every minute when you are in front of the graphics and checking the news what really counts. <br /><br />The secret is in your overall knowledge and your decisions. This comes with experience and practice. If you open an account with one of these online brokers you can trade on paper before you trade with real money, so you can learn and practice before you risk any capital. <br /><br />Let me tell you about a few technical indicators that you can use. You can use the MACD (Moving average convergence divergence), the Bollinger Bands, Pivot Points, RSI, Stochastic, Fibonacci, EMA, Elliot Waves and many others. There are in fact many technical indicators but these are among the most widely known and used. <br /><br />When you add technical indicators to the graphic the brokers software will automatically perform mathematical calculations to reveal interesting facts and patterns about the graphics that you can't readily see without said indicators. You can use the technical indicators to create your own technical systems. <br /><br />These systems will never work 100% of the time, but if they work 70% - 80% it may be enough. That's because you can control your risks with money management techniques as I describe bellow. <br /><br />To further increase your probability of winning and reduce your probability of losing on every trade you can use fundamental analysis. I think that most traders choose one or the other but many traders use both. <br /><br />Fundamental analysis is to trade the news. What is going on with the countries's economies of the currencies that you are trading? What is the unemployment index? Did something suddenly happen that could drastically affect the price of the currencies? <br /><br />Trading the news is another effective way to "predict" where the market is going. Many online brokers offer you a link with important financial news. For example www.oanda.com has this feature. You can also find financial news on the following websites: <br /><br />a) www.bloomberg.com <br /><br />b) www.businessweek.com <br /><br />c) www.economist.com <br /><br />d) money.cnn.com <br /><br />e) markets.ft.com <br /><br />f) www.reuters.com <br /><br />g) www.fxstreet.com <br /><br />3. Use money management strategies. <br /><br />You need money management techniques. This is what makes you or breaks you. Put it this way, most traders invest far too much of their trading capital on every trade. It is as follows . . . "Expect to make too much and you will make too little, expect to make little and you will make a lot." <br /><br />What does it mean? It means that if you try to make a fortune on every trade you will lose your shirt. If you expect to make a little on every trade and you compound your profits, you may make a lot of money over the long run. <br /><br />The first rule of money management says that you should not risk more than 1% of the money that you have on your account. You control this risk with stop loss and limit orders. When you start trading this may seem as little profits specially if you start with little trading capital. In the other hand if you compound some or all of your profits you may increase your account exponentially over time. <br /><br />The magic of compound interest is amazing! This is the way that most fortunes are created on the financial markets, little by little. If you gamble your money you may lose it fast. <br /><br />Many traders do exactly the opposite. Imagine that you open an account with $5,000 and you enter a trade for $1,000. Let's say that the market moves against you and you lose those $1,000. Now you have $4,000 on your account. You think that the price for the currencies is too low, so it should recover. In fact you are pretty sure that it will come back. <br /><br />Then you invest $1,500 to recover from the previous loss plus realize a $500 profit. The market moves again against you. It kept going in the same direction, something that you didn't expected. What happens? Now you have $2,500 on your account. That's 50% of your initial trading capital. It will be very hard for you to recover from that loss. <br /><br />In the other hand, if you risk 1% of your money on every trade, you will have $4,900 on your account after that initial loss. It will be much easier for you to recover from those trades. <br /><br />The second rule of money management is to expect always to receive more profits than the money that you risk to lose. This can be accomplished through limit and stop orders as well as trailing stops. <br /><br />For example if you expect to make a 25 pips profits on every trade, then you put the stop order at 15 pips bellow or above your entry price. A better way to have a greater expectancy ratio is to use trailing stops as I describe above. A trailing stop allows you to cut the loses short and let your winners ride. <br /><br />These are the basic techniques that a successful trader should use to generate consistent profits at the Forex Market. This is basic information, but I realize that many people out there don't even know what Forex is, so I didn't want to get into more complex strategies here. You will find information about complex and advanced Forex strategies on my website. <br /><br />by Nathaniel Tabares<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-19731497623576034762007-12-01T11:22:00.001-08:002007-12-08T14:39:48.470-08:00Why You Need To Develop Your Own Trading SystemThere are many trading systems and strategies out there. There are many free ones printed in trading articles, journals, books and on trading-related websites. You can buy them as software or you can subscribe to them periodically.<br /><br />Novice traders say they do not have the time, the aptitude, the talent nor the brains to work out how to trade properly. They would rather purchase a program or subscribe to a trading system for hundreds - or in some cases - thousands of dollars. They say they do not have to do anything except be told what to buy, when to buy and how much of it you need to buy. Some ask me if this strategy or approach is advisable for trading the financial markets. To answer this question, I am then forced to consider the advantages and disadvantages of using such an approach to trading. <br /><br />There are reasons why a trader would use a system or strategy that someone else developed and tested: <br /><br />1. It is easy. A novice trader does not need to study how the market works and how he interacts with that market. He does not need to educate himself: he does not need to bother with books and seminars. He does not need to test the system, since the seller has already done that for him and reported promising hypothetical or actual results. <br /><br />2. A novice trader hopes to get a trading system at a 'bargain' price: sometimes even for free. <br /><br />Hazards of trading a system or strategy developed and tested by someone else are the following: <br /><br />1. Faulty Systems <br /><br />There are many faulty systems out there. They may be faulty because their assumptions and their mechanisms may no longer be true, accurate or valid. As a novice trader, how can you distinguish between the good systems and the bad systems if you don't know how trading systems are built? <br /><br />2. Discipline and confidence <br /><br />All systems have drawdown periods. Some good systems may not make money for six months or an entire year. Even if it was a good system, can you continue to follow it even if it gives you a loss after a loss after a loss? How can you follow it if you do not have confidence in it? How can you be confident if you do not know the ins and outs of the system and if you have not tested it yourself? <br /><br />I do not believe that people would blindly follow a system even if they were told that it would bring them riches. I can give someone a trading system, I can supply him with exceptional hypothetical or actual results and still, he would not be able to follow it. <br /><br />I remember giving my dad a fully-mechanical trading system I developed. I told him a few simple rules and I told him not to question them. All he had to do was to follow them. We both traded it for two months, I grew my small account by roughly 50% (it happened to be a good two months), but he was losing. He wondered why. I asked to see his trading records. When I looked at his trading records, I found that he kept disobeying the rules. When I asked him why he disobeyed them, he wanted to improve the results after it had a couple of losing trades. He was trying to improve the results. According to him, the system asked him to do what he thought was not right during certain market conditions, so he did not follow it. I found simple errors too, including opening trades at market price instead of waiting for buy and sell stop orders at support and resistance levels to get triggered. I also asked that he executes trades at the close, but oftentimes he traded two hours before or after the close at his discretion. There were many more rules he breached. He is a smart man: a former civil engineer and now a manager for a big organisation. Why could he not follow instructions? It is simple. He did not know the reasons behind the rules I had set and so he did not appreciate them. His money was on the line and after a series of losses, he lost faith in the system easier than I did because he did not develop and test it himself. <br /><br />To overcome the hazards above, I see no way except for a trader to learn how to develop his own trading methodology. This is the only way a trader can know if a particular system or strategy is good or not. <br /><br />Once a trader learns how to develop systems and strategies, he can then be better equipped to test them as well. By this point he might even find that he is better off using the system he created, because it becomes increasingly difficult to find another system more suited to his profit objectives while operating within his risk tolerance levels. It is likely that once he develops this level of competence, he will simply acquire other systems only to dissect them, grab the parts he likes and add them to his own system. To me, the irony is that for a trader to know which system to purchase, he must first learn how to create a system. And after knowing how to create a system, he will no longer have the need to buy one. <br /><br />In conclusion then, I would have to say that if you are not inclined to learn how to develop your own trading methodology, then perhaps you should consider giving your money for someone else to invest. Give it to someone who is trading a system that he developed and tested himself because he is more likely to have the confidence and courage to follow his own set of rules. <br /><br />by Marquez Comelab<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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<!-- AddThis Bookmark Post Button END --></div>hendrahttp://www.blogger.com/profile/04178106971231695012noreply@blogger.com0tag:blogger.com,1999:blog-123688641895500525.post-82763872324050042692007-12-01T11:21:00.001-08:002007-12-08T14:39:09.302-08:00Your Guide to Learning a Forex Trading SystemThere are a great number of people in America that are interested in investing in order to make a tidy profit. There are many ways to invest and many ways to make profits by investing. One method that has been gaining in popularity is that of the Forex trading system. If you are unsure of what this is, let me explain. Forex stands for foreign exchange. A Forex trading system is defined as the simultaneous exchange of one countries currency for another countries currency. If you would like more information, please let this be your guide to learning a Forex trading system.<br /><br />The Forex trading system involves trading some of the world's most major currencies. These are: the dollar, yen, British pound, Swiss franc, and the Euro. The way the exchange rates of these types of currencies change is based on economic growth. An example: Sometimes the Dollar is worth more than the British pound because the United States was in a period of economic growth while Britain was on the decline. This can be because the unemployment rate was declining in the United States, while on the rise in Britain. Another example: the export rate is up in Asia so the yen is worth more than the Swiss franc where the export rate is down. Economic growth changes daily, so the value of these currencies changes daily. You need to learn to watch for these changes in order to make any money with the Forex trading system. <br /><br />The Forex Trading system is much larger than that of all U.S. stock markets combined. In fact, the Forex Trading system makes about 1.9 trillion dollars each year. This is 30 times larger than the U.S. stock markets. Also, Forex trading is done throughout the entire world, so it is available 24 hours a day, unlike the U.S. stock markets. <br /><br />You can learn the Forex trading system for free online at various websites. Many websites offer a free demo account and free Forex trading System training. This way you can practice everything you learn for free, without investing or losing any real money. Then when you get a feel for the Forex trading system, many websites offer a free 30 day trial or free trades to new investors. It is best to utilize some of this free training and the free demo accounts before you start investing your own money. <br /><br />Now that you understand the Forex trading system a little better, you may wish to get out there and start investing. There is a lot of money to be made, or lost. Be careful and make sure you get the proper training first. With the right frame of mind, you may be able to make some healthy sums of cash through the Forex trading system! <br /><br />by Morgan Hamilton<div class="blogger-post-footer"><!-- AddThis Bookmark Post Button BEGIN -->
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