Are There Forex Secrets That You Don't Know About?





though it might not be a secret that only a few traders know, there are some strategies and mechanics to be just a successful Forex traders are able to maximize. If you are just learning forex trading, it is important that you get from the common understanding of the Forex. Forex is very risky environment in which only a few will find great success. To make sure that you belong to a select few?

is interesting to note that there is one common trait among successful traders. Consider these similarities and make sure that we are every day trying to develop these qualities and the secret:

1) Successful traders just love doing it. They just love to shop. If you are passionate about trading and everything that happens in it, then you can live with it and be successful while doing so. If you can not say that you can spend all day just studying, waiting, planning and getting into a busy environment that is Forex trading, then you can work your way up to the top.

2) Successful traders are not overly emotional. If you do not have emotional control, you could not successfully go through all the waiting that takes place in forex trading. This includes the ability to take risks and just go for what they think will give you the best results and gains. If you simply accept winning and losing trades (which happens all the time), then Forex trading can work for you.

can not give up just because you lost trade. You should be able to wait patiently and dull for any trading result. If you get it, congratulations. If not, well, try again. It is thought that they should have for you a long time in forex trading.

3) Successful traders have set up a strategy. You should be able to devise a system that can držati.Česta fault for wanting to retailers is shifting from one strategy to another because of impatience and doubt. Study of different systems available online and through other means Forex. In Forex trading, this is known as an advantage. You need to have in your hands your advantage over everyone else.

Forex trading can be a tricky venture to dive in. But if you really have a passion to be successful, do not get overly emotional, and set a strategy, then it will just be a matter of time before they are successful Forex trader.


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Forex Trading Secrets - The Only Secret You Need to Know to Make Huge Gains!





There are many suppliers on-line trying to sell a sure fire trading systems and robots that claim, they discovered the secret of forex trading success, but, of course, if this is true, it would not sell them to you and will concentrate on making money! real secret of trading success has been closed in terms of facts about forex trading, and if you understand things, you will have the secret of forex trading success.

The fact we will see a familiar one - 95% of traders lose money, but why is this important fact in understanding how to win at forex trading is - it's stayed the same since trading began. Now think about that for a moment, in the last 50 years alone have seen the computer and software appear to be real, we are better and faster news delivery and ultimately, the current price at the click of a mouse, but all these advances in technology do not seem Unlike the percentage of traders who lose.

So what is the secret of success is Forex?

The secret is within you and to your thinking. Consider this, Forex trading is easy and simple systems work best because they have fewer elements to break than complicated ones, and everyone is capable of learning a system that can zaraditi.Problem most retailers have their way of thinking - they want to be right all the time and looking for perfection, but it's just not possible in forex trading. You will generally lose more trades than you win, but it does not matter if you keep your losses small but most traders fail to do so.

What happens when most retailers start to lose? They are angry frustrated ad, running losses and surpass their trading signals and destroy itself. It happens all the time and cause the same number of traders always lose no matter how much technological assistance are dobili.Tajna Forex trading success is simple:

You're going to lose the time, so accept the losses and keep them small, but keeping them small will give you money in your account to trade the big trends and profit and be a great overall benefit. If you want to feel smug and smart and be right, forget about FX trading because they will lose from time to time, the best traders in the world of work and you'll previše.Ključ for making money, therefore, the trade system, with good money management and trade with discipline.

Our Forex trading actually proves, however, most merchants do not accept or think they can beat the market now, you May not be able to beat the market or get every trade right, but that will not stop raditepuno money!

The Secret of forex trading success lies within you and all you have to do is adopt the right mindset, you can make a great second income Forex Trading -. It is so easy to


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Learning Forex - The Secrets They Never Tell You





Is this a good idea to learn Forex broker courses? I believe that it is not ... Why? Read the article and you'll know why ...

Hi, my name is Andrew Minin. I worked as a professional currency trader and financial administrator for the largest U.S. and European investment banks for more than ten years, and you know what ...

I am stunned by the inability of the people who run classes, write books, blogs, create a website, or forum, with regard to trading in Forex and other financial markets ...

First of all, , there is too much information, even in the best books on trading ...

For example, Colby's "Encyclopedia of Technical Market Indicators." There is 834 pages, 127 indicators (and those are just classic!). I use it still remains a mystery ...

Other , for those who study Forex trading, market behavior remains unclear ...

For example, do you really know what to do or what will happen if the U.S. GDP is reduced by 5 %?

    the U.S. dollar will go down because of the weakness of the U.S. economy? value of the dollar must rise, because investors will come from securities to cash? nothing will happen, as investors discounted the information in advance?

Do you know the correct answer?

Why one prominent analyst to tell you one thing and another says otherwise? The most important question is: "What do ?"

third , you probably have traded Forex for some time, but did not become rich even ...

You are told to find a strategy ... Do you have to go on searching, learning, practicing ...

But it only meets the interests of companies that fund this activity. To maintain your interest you need to develop a discussion on various forums speculating about the same issues from different points of view. To benefit from these book sales ... And just because they do not know how to start making on financial markets.

and there are only 5 powerful secrets of trading on financial markets, including Forex, which allow you to become a successful trader. So you will not have to dig through dozens of books, websites and forums looking for an answer ... To hesitate about what position to open, how to interpret the information and which analysts believe, that they constantly look for the "Holy Grail ".


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Is Using A Forex Managed Account A Good Idea?





Forex Managed accounts are another way to get involved in the forex market, they are mainly for people who have a minimum investment of $ 1000 and above and want to see a steady return on their money.

Of course, forex managed accounts are a good idea if you want to trade the currency markets and have little knowledge about how it works. However, there is always a downside;. Forex managed accounts will not cost you anything from 5% to 25% of its profits and there is no guarantee that they will receive

forex account managers are only human after all and just as good as any experienced trader or automated software that is used. That's right! They do not use automated software just like any other retailer out there.

One of the things to keep in mind that the forex account manager is not going to share their losses. You're on your own in this regard and should be aware of the history of merchant account before they are included.

These types of accounts that have their own advantages, if you have income and are one of the busy people in the world who do not have time to sit in front of a computer all day watching the charts, then this is the type of account can be for you.

Spread betting is becoming more and more popular, not only for Forex trading, but for all types of stocks, commodities and indices. More and more people are trading from home alone and creates a full-time income from the process.

the problem is not many of these people seek proper training that is required to speculate about these volatile markets and end up losing the long term. Forex trading can be compared to chess, it does not take long to learn, but it does not take life to master. Learning the skills required to trade the Forex market is essential for long-term success.

There are many different ways that you can learn Forex trading, from a self-taught through blogs, forums and web sites for recruitment professional trader teach you the ins and izlasci.Profesionalna can be expensive which is why we are starting to see Forex clubs popping up all more mjesta.Forex club has benefited from the exchange of experiences and the cost of a professional trader among its members.


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Comprehensive FX and Futures Daily Commentary



Forex Special

Daily Market Commentary 


EUR/USD Consolidates after Release of Stress Test Results 

The EUR/USD is merely consolidating following the release of stress test results. Although there was a spike in volume on the 4-hour, price action has been nothing out of the ordinary so far today. The EU decided to release the results after European markets closed for the weekend in order to limit volatility, and it looks like the tactic has worked out. That being said, we may need to wait until Monday in order to gauge the full market reaction to the stress tests results. The EU reported that 7/91 banks have insufficient capital to whether a debt shock. However, some analysts are not satisfied with the thoroughness of the test since it does not account for the impact of a sovereign default. Either way, it seems investors are taking the results rather well considering U.S. equity markets are up nearly 1% and the EUR/USD is still knocking on the door of 1.30. The EU did receive a bit of bad news today on account of Moody’s warning Hungary that the ratings agency may downgrade its debt in response to government officials walking out on talks with the IMF and EU. The Hungarian situation should be monitored carefully since EU banks do have notable exposure to Eastern European economies. The EU will be quiet on the data wire on Monday, leaving investors to focus on the European market reaction to stress test results along with U.S. new home sales. Meanwhile, the EUR/USD’s uptrend is still intact as the currency pair rides high above our medium-term uptrend running through 4/14 highs. Therefore, the EUR/USD could extend medium-term gains towards 1.35 if EU fundamentals continue to perform well and the union can avoid any further sovereign shocks. 

Technically speaking, the EUR/USD faces technical barriers in the form of intraday and 7/20 highs along with the highly psychological 1.30 level. As for the downside, the EUR/USD has supports in the form of 7/20 and intraday lows. 

Present Price: 1.2894 
Resistances: 1.2918, 1.2948, 1.2973, 1.2990, 1.3020, 1.3040 
Supports: 1.2877, 1.2856, 1.2836, 1.2816, 1.2785, 1.2767 
Psychological: 1.30

EUR/USD


GBP/USD Tests July Highs Following Impressive Prelim GDP Figure 

The Cable is testing previous July highs as the currency pair reacts to a very strong UK prelim GDP figure. Both the services and manufacturing industries improved, placing more pressure on the BoE to turn hawkish should CPI stay above 3%. Today’s upbeat GDP number comes along with encouraging retail sales and mortgage approvals data, indicating the UK economy is improving despite sovereign problems in the EU. Speaking of which, there hasn’t been as large of a reaction to the EU stress test results as we anticipated since regulators released the results after EU equity markets closed for the week. So far investors have taken the stress test in stride, a positive development for the risk trade as a whole. However, we will have to gauge how the market as a whole reacts on Monday as investors and analysts digest the results over the weekend. Meanwhile, Moody’s warned that it is evaluating Hungary’s debt rating for a possible downgrade after Hungarian officials walked out of negotiations with the IMF and EU. The Hungarian situation should be monitored by all investors since it could boost austerity fears if the situation goes awry. Meanwhile, the Cable is trying to leave behind our medium-term downtrend line running through January highs. If the Cable can confirm by blowing past July and April highs then the currency pair could be on pace for 1.65 over the next couple months. The UK will be quiet on the data wire Monday, leaving investors to focus on the European reaction to the stress test results followed by U.S. new home sales data. 

Technically speaking, the Cable has multiple uptrend lines serving as technical cushions along with 7/21 lows. Additionally, the highly psychological 1.50 level should serve as a solid technical cushion should it be reached. As for the topside, the Cable faces technical barriers in the form of intraday highs, 7/15, and 4/15 highs along with the psychological 1.55 level should it be tested. 

Present Price: 1.5432 
Resistances: 1.5450, 1.5471, 1.5505, 1.5520, 1.5543, 1.5573 
Supports: 1.5409, 1.5382, 1.5350, 1.5319, 1.5295, 1.5274 
Psychological: 1.55, 1.50 

GBP/USD


USD/JPY Climbs as Investors Digest EU Stress Test Results 

The USD/JPY is climbing back towards weekly highs as investors digest the EU stress test results. Although the results have yielded limited response since they were released after European markets closed for the weekend, the response has been positive for the risk trade thus far. The EUR/USD, Cable and Aussie are also moving higher, indicating investors are pleased with the outcome. However, we will have to wait until Monday in order to gauge the full market response. If the risk trade continues to outperform this could help reinforce 7/16 lows as a bottom and allow the USD/JPY to rise back towards a more comfortable level. Meanwhile, we’ll have to keep an eye on U.S. fundamentals, for if U.S. data continues to disappoint this would weigh on the USD/JPY as the Yen wins out as a preferable safe haven asset. U.S. earnings season as gone relatively well thus far, easing some of the pressure off of fundamentals. However, fundamentals will come back into play beginning next week, so we will have to wait and see how they fare. Japan will be quiet on the data wire to start the week, leaving the data wire up to U.S. new home sales. 

Technically speaking, the USD/JPY has technical supports in the form of intraday and 11/30/09 lows. Additionally, the psychological 85 level could serve as a solid cushion should it be tested. As for the topside, the USD/JPY faces technical barriers in the form of intraday and 7/16 highs. 

Present Price: 87.40 
Resistances: 87.49, 87.66, 87.82, 88.15, 88.27, 88.46 
Supports: 87.30, 87.15, 86.98, 86.82, 86.72, 86.58 
Psychological: 85, 90, November 2009 lows 

USD/JPY

Gold Deflected by $1200/oz Once Again 

Gold was deflected from its highly psychological $1200/oz level for the second time this week and the precious metal is drifting back towards monthly lows as investors digest the news from the EU. So far the stress test results have been positive for the risk trade but negative for gold as investors unwinds some of their precious metal and safe-haven assets. However, the broad based market reaction has been somewhat mute considering investors have been waiting on the stress test results for quite some town now. That being said, we’ll have to see how markets behave on Monday since the test results weren’t delivered until EU markets had closed for the week. Although the reaction in gold has been to the downside, the precious metal is still trading above monthly low and important medium-term uptrend lines. Therefore, investors will have to keep a close eye on technical supports over the next few trading sessions. If our medium-term uptrend lines don’t hold then gold could be in for a more extensive downturn. Right now we are eyeing the $1175/oz level. 

Technically speaking, gold still has medium-term uptrend lines in place and $1200/oz is serving as a solid technical barrier. Gold has technical supports in the form of intraday and 5/21 lows. As for the topside, gold faces technical barriers in the form of intraday and 7/15 highs. 

Present Price: $1187.80/ oz 
Resistances: $1189.65/oz, $1191.75/oz, $1194.67/oz, $1196.07/oz, $1197.89/oz, $1200.02/oz 
Supports: $1187.52/oz, $1184.97/oz, $1182.63/oz, $1179.45/oz, $1177.12/oz, $1174.56/oz 
Psychological: $1200/oz, July highs and lows 

Gold


AUD/USD Looks to Test .90 

The Aussie continues to set fresh July highs as the currency pair approaches an important test of its highly psychological .90 level. Meanwhile, the risk trade as a whole is reacting positively to the stress test results, an encouraging sign for the Aussie’s medium-term outlook. The RBA expresses that the EU stress test results will be a key gauge for setting monetary policy in August. If on Monday European markets confirm the positive reaction we’re seeing today in the U.S. and CPI comes in strong on Wednesday then the Aussie may price in another 25bp hike. Therefore, the next few trading sessions could prove to be very important for the Aussie’s medium-term projection. Australia will kick off next week with PPI followed by U.S. new home sales. If PPI comes in hot then investors may send the Aussie higher in anticipation of a solid CPI figure. Meanwhile, investors should continue to monitor condition in China since news leaked that 25% of outstanding loans may be non-performing. We’ll have to wait and see how the SCI reacts on Monday and whether negative news out of China will spoil Australia’s PPI report. 

Technically speaking, the Aussie faces technical barriers in the form of intraday and 5/13 highs. Additionally, the highly psychological .90 level could serve as a sufficient barrier should it be tested. As for the downside, the Aussie has multiple near-term uptrend lines working in its favor along with intraday lows. 

Price: .8964 
Resistances: .8975, .9001, .9025, .9044, .9073, .9097 
Supports: .8940, .8919, .8893, .8867, .8850, .8832, .8819 
Psychological: .90, .85, July highs and lows 

AUD/USD


S&P Futures Pops Above Medium-Term Downtrend Line and Tests 1100 

The S&P futures have finally popped above our key downtrend line originating from April highs and connecting through June highs and the futures are now testing their highly psychological 1100 level. If the S&P futures can register a solid confirmation above 1100 next week then U.S. equities could be entering the beginning of a more extensive uptrend. Investors have reacted positively to EU stress test results thus far, sending the EUR/USD, Cable and Aussie higher while selling safe-haven assets such as gold and the Yen. However, the stress test results came after EU markets closed for the week, meaning we will have to wait until Monday to gauge the full market reaction. Either way, so far so good and with stress tests and key earnings reports out of the way investors may begin to focus on fundamentals once again. The U.S. will kick off the trading week with new home sales and the week will be highlighted by advance GDP on Friday. If U.S. fundamentals can manage to make a turn for the positive then U.S. may register the topside confirmation bulls seek. Meanwhile, there were a few developments today which slipped under the radar due to the emphasis placed on the stress test results. Moody’s announced that it is reviewing Hungary for a possible downgrade after Hungarian officials walked away from talks with the IMF and ECB regarding future emergency loans and planned austerity measures. We believe the Hungarian situation should be monitored closely since EU banks are known to have considerable exposure to Eastern European economies. In addition to news out of Hungary, news leaked from China that as much as 25% of outstanding loans at Chinese banks could be at risk. Such news out of China is certainly disconcerting and we will have to wait and see how Chinese equities react on Monday. 

Price: 1100 
Psychological: 1100 




Disclaimer: FastBrokers' market commentary is provided for information purposes only and under no circumstances should be regarded neither as investment advice or as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained. All materials are property of Fast Trading services, LLC and unless otherwise indicated, any unauthorized reproduction is prohibited. 

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors. 


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Euro−Zone Stress Tests Released, 7 Banks Fail But Criteria Questioned



Forex Special Coming into this week the talk in currency markets was the Euro-zone bank stress tests and their results.

A result in which all banks passed would be seen as too lenient and would not go far enough to restores confidence in the Euro-zone financial system. However, if too many banks failed the criteria it could spook investors as they see the Euro-zone banking sector still mired in the sovereign debt crisis.

Well, after much speculation we finally have the results.

As expected the German bank Hypo Real Estate failed. All French, Portuguese, Swedish and Irish banks passed.

In Spain we had several banks failing including Diada Savings, Espigna Savings Bank Group, UNNIM Group, Banca Civica and CajaSur. Now Spain has moved already to consolidate its banking sector and has set up funds to facilitate that process. Spanish banks were particularly hard hit by the crisis as a large housing bubble left Spanish financial institutions with many bad loans on their books.

Finally, one Greek bank ATE Bank also failed the requirements.

In all the failed banks will need to raise a total of 3.5 billion Euros. Failure of the test meant that under the adverse conditions laid out after a sovereign shock, banks would see their Tier 1 capital ratios fall below 6%, a threshold that is above the regulatory minimum of 4% Tier 1 capital.

Earlier in the session the Euro floundered as details of the tests methodology became known. It led some investors and traders to question whether the tests were stringent enough. While the test scenario assumes a double-dip recession, a 20% decline in equity markets and a sharp rise in interest rates, the main drawbacks being that the tests would not treat the impact of sovereign debt losses on trading books and bank books equally.

While default was not an option in the stress tests, the tests did assume a haircut, or discount, of 23.1% on Greek bonds at the end of 2011, reports said. The haircut on Portuguese bonds is set at 14%; Spanish bonds, 12.3%; and German bonds, 4.7%, reports said.

Second, bank-book assets would not be marked down in the same way as trading-book assets because they are assumed to be held until maturity, whereas trading-book assets have to be marked as their prices fluctuate and losses are reflected in banks’ quarterly earnings. But, bad bond purchases could have been stuffed into the bank’s portfolio while profitable trades were left as trading-book assets.

Following the results, we had some choppy trading, which is not unusual in the immediate aftermath of major news or data, as initial movements often reflect positioning and knee-jerk reactions which investors may cast aside once they’ve had time to sift through the details of the report.

By 1 PM EDT time, the EUR/USD was trading near its low for the day, as banks that were suspect passed the tests, meaning the credibility of the tests may pressure the value of the Euro. A high-profile failure or two and several tens of billions of capital needs would have been greeted as more realistic from the market.


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USD/JPY approaches to daily high



Forex Special  (Buenos Aires) – With Wall Street regaining the upside and holding in positive territory, USD/JPY is quickly approaching to daily high at 87.46 printed before US opening. Yen weakness is also supported by US yields strength that managed to regain some ground on corporate profits published this week. 

Still, pair needs to break above weekly high around 87.60, according to Valeria Bednarik, Fxstreet.com chief strategist, to erase the strong bearish tone the pair has as she states: “Hourly chart show indicators aiming to give bearish signals, with the upside still limited by the weekly high around 87.60; pair however, won’t confirm a downside continuation, unless 87.00 support gives up”. In her view, above 87.60 next resistance come at 88.00 while immediate supports lie at 87.20 and the 87.00 area.

EUR/USD (Jul 24 at 06:45 GMT)

1.2911/17 (0.03%)

H 1.2914 L 1.2902

S3S2S1R1R2R3
1.27251.27571.27881.28381.28701.2902
[?]Trend Index[?]OB/OS Index
Strongly BullishNeutral
Data updated on Jul 23 at 18:45 (15-minute timeframe)


[ View EUR/USD Technical Studies ]


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