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Learn Forex Trading and Multiply Your Wealth
Tuesday, June 26, 2007

To many people that sounds amazing, and perhaps it is. It can be very profitable for investors and fortunes have been made by many. The incentive to learn forex trading is the oldest incentive by far, the incentive to make profit. If you learn forex trading you are learning how to make your money make more money for you, the goal of all investors.

If you choose to learn forex trading online you are not alone since thousands of people choose this method every year. If you learn forex trading online you have the benefit of choosing an instructor from almost anywhere in the world, or to choose multiple instructors. When you learn forex trading in this fashion your virtual classmates could be from England, Hong Kong, Singapore, Paris, or any other exotic locale that you may have only read about in the past. Obviously this diversity of culture and knowledge will be beneficial. During online chats and student discussions questions will be raised that you may not have thought of yourself, and youll be able to benefit by hearing the answers.

The ultimate goal of forex trading is to trade currency in a consistentB41 manner that will result in profit. For instance, buying Euros with US dollars and then selling the Euros for more than you gave for them when the market changes. This is the oldest rule of business, buy low and sell high. If you learn forex trading youll be able to do this on a scale you never would have thought possible, limited only by the amount of investment funds you have and by market conditions.

Currency Forex Online Trading 25576

posted by currency-forex-online-trading14727 @ 7:57 PM, ,

Do You Trade Forex? If So, Read This Before The Other Traders Do!

1. Don't let anybody scare you off the forex by saying it is too risky. It is actually less risky than trading any other market, that is exchange-based. The forex cannot be "engineered," as stocks and commodities can be. Also, being a true seamless 24-hour market, there is less of a chance of your stops not kicking in. That's because the forex is highly liquid, trading ~US$1.5 trillion each and every day. It is 16ACthe most liquid financial market in the world, bar none. And, you get good fills, with fast execution times.

2. On May 23, we have had a rather unusual day, in that price "reached" beyond its average range to put in 135 pips in two hours, just above R2, after starting its climb at the main Pivot Point. The Euro reversed course at the double top, and broke down through R2, to mark the end of its run to achieve its average daily range, or better in this case, within 12 hours of the start of trading for the current session. You would have noticed, of course, that the double top formation was also a "railway tracks" bar formation (if you just happened to have been looking at bars, instead of candles). Those two patterns occurring at the same time are a pretty powerful indication that price has run its course. So, keep your eyes peeled for price patterns per se, but also for combinations of patterns occurring at the same time.

3. You should only take trades in and around pivot points not in between, as stated previously. When price action centers around a pivot point, then take a look at the five minute to see what's going on behind the scenes. Because, you should have been focused on only the 15 min up to the point of price interaction with the pivot point. Now, you want to pay attention to what price has up its sleeve. In the above example (40), price faked out unsuspecting trades when it trended up through the main pivot point, only to tank as it did a price rejection bar on the 15 min chart. Of course, you wouldn't have seen this coming if you were only looking at the 15 min. You would have seen the price reversal on the 5 min, and been ready to head south with price.

About Forex Stock Trading22817

posted by currency-forex-online-trading14727 @ 6:39 PM, ,

Forex Secret - Forex Fundamental Analysis Authority In FX Rates Movement

The chapters abstract: a trader attains much greater success at FOREX unless he is reading analytics by non-trading economists. Heres some information for meditation below:

What useful can one be taught by FOREX reviews, cooked up by analytical economists, who are incapable of teaching themselves to be FOREX successful?

FOREX economic indicators (released news statistics) are compiled the way required to be interpreted by analysts, who, by the end of the day, may explain any rates travel as the only naturally determined one.

Important objective economic indicators (GDP, Balance of payments, etc.) are leveled up with the subjective ones (University of Michigan, Chicago sentiment, etc.) which in no way may be checked up.

Economic statistics is frequently forged even at the supreme level. Here is my attitude as a trader towards FOREX fundamental analysis and to its impact upon exchange rates dynamics.

At the outset, well get to scrutinize the gambling done by FOREX analytical economists, who are striving to convince traders in exchange rates being tied up to some ersatz fundamental analysis data, viz. to economic indicators being released under daily streaming news.

We will also present technique background used by the banks Consortium to manipulate news and forecasts the way to vector the rates as any certain day requisite.

The earlier example dated April, 01, 2005 (when the trend has reversed against the logics of all the news released that day). The situation is an absolutely typical occurrence at FOREX, where in 50% cases rates are going DOWN the news vector while in 50% cases AGAINST the news released. Any analysts venture to far-fetch the fundamental analysis to FOREX rate quotes has long caused me nothing but smile.

The FOREX analysts logics is as follows: as soon as the rates reverse against the news, next day they have the explanation that nothing unexpected has occurred with the market having already been anticipating the news, and these news have already been accounted for by traders in current quotes.

Or, else, the market (or traders or other) spotted in the news release not at all what it has read earlier in the streaming news. As a result, the rates by, normal logics, staged a sharp swivel to move in sort of a wrong direction.

But, my God, are traders really in need of the above analysts para-economic freaks on fundamental or other analysis, once THE RATES HAVE ALREADY MADE THEIR WAY in the said wrong direction?

And why, during uptrend, no analyst has recommended going short on a currency instead of going long in case actual news is superior to the estimate? I have never come across the case.

Analysts should have better derived a simple mathematical formula (hopefully they did have studied at universities) as to a FOREX pair average points travel prior and post critical news (National Bank percent rate hike, Balance of payments, etc.).

By virtue of this formula we, traders, could do some calculations to estimate whether either everything is already accounted for in the current rates or further 100-200 pts grow/decline is to be expected.

But theres nothing of the kind!

And now, heres my standpoint as a FOREX trader on why traders will never end up by being supplied with the above mathematical prognosis formula by analysts. I will also provide backgrounds of when pro-news and counter-news entries should be effected.

Fundamental Analysis CRITERIA BIASED INOBJECTIVE NATURE. Fundamental Analysis BEING ABANDONED IN FAVOR OF DAILY NEWS SUBSTITUTE.

1. All the Fundamental Analysis economic indicators are made a muddle of. See, for instance, 54 US economic indicators, ABC-arranged by analysts instead of being USD importance-rated http://www.forexite.com/forex_for_ beginners/us_economic_indicators.html

2. No difference is made between Fundam5B4ental Analysis, the state monetary policy and ersatz fundamental data-related current news (viz.: Chicago business activity index, Michigan University consumer sentiment index, National Managers Association business activity index, etc.). But, in what way is the Michigan University consumer sentiment index relevant to the US economy Fundamental Analysis? Is there any other name to be applied to this index besides the name of an ersatz Fundamental Analysis?

3. A portion of economic indicators organic to the above ersatz Fundamental Analysis evoke my personal uncertainty as regards their figures objective nature and as regards not being tailored to order of those supplying quotations to the FOREX market.

Let us go attentively once again look into these indices with the view to clarify their manipulation capability with no exposition danger.

- PHILADELPHIA FED INDEX constitutes the polling results of Philadelphia manufacturers as to their sentiment towards the current economic situation:

- Why Philadelphia, not California or Texas.

- May there be any difference in obtained figures depending upon the type of manufacturers being interrogated?

- Is there anyone in position to verify and confirm the above manufacturers polling results?

- Consumer price index (CPI), reflects consumer price level per a basket of goods and services. But the CPI may be properly built up, if prices differ su5B4permarket to supermarket, from supermarket to conventional shop, from shop in the center and shop in an outskirt, from shop in a capital to shop in a province, from sell off period to new articles presentation period, etc.?

Is it imaginable, how figures can be manipulated in favor of those, requiring them so badly? Or is there anyone to convince me that its very hard to change 0.4% into 0.2% or 0.6% depending upon a customers demand at any given moment?

- Michigan consumer sentiment index constitutes the results of customers polling on current economic situation confidence. No comments, since it looks like interrogating no-one-knows whom on a no-one-knows subject.

- Consumer confidence. A doubtful attempt to measure consumers optimism.

-NAPM (National Association of Purchasing Managers) services index is representative of service managers polling results, purported at estimation of in-branch changes taking shape. Very often this index is dictated rather by psychological factors, than by actual state of affairs (???).

- Chicago PMI index. It is closely tracked due to being released shortly prior to NAPM. The index exerts strong authority over the market by prompting a real NAPM value to be released. Please, refer to NAPM above.

- Atlanta Fed index presents polling results of Atlanta industrials on current economic situation (???).

As understandable, the list of these ersatz FundamentB68al Analysis economic indicators may go on along with buildup of questions and doubts.

4. Theres a so-called factor of anonymous economists estimates in relation to economic indicators preceding values.

I wonder WHO are these anonymous economists, each time allegedly interviewed by Dow Jones on their expectations from news to be released the following calendar week? And WHY is THEIR opinion exactly presented to be the whole markets anticipation of THAT data exactly, but not any other? Below are some sample potential manipulating the world traders opinion, frequently encountered by myself:

a frankly superior estimate leading to benign actual data being inferior to the prediction (I repeat, a no-one-knows whose prediction) and resulting in a sharp rates reversal by disappointed traders as later on indicated by analysts. a frankly inferior estimate leading to malignant actual data being superior to the prediction, thus pushing the rates forward with no other markets objective grounds. TO SUM IT UP, leveled with objective economic indicators (GP, etc.) are ersatz Fundamental Analysis ones, manipulation by virtue whereof creates simulacrum of the rates being tied up to daily news and the states Fundamental Analysis. With prediction manipulation capability added hereto, it turns feasible to faultlessly project traders activities throughout the world. But is it accidental or not that worldwide traders training programs are as similar as 90-95% losers figures?

FUNDAMENTAL ANALYSIS CLASSICAL MACROECONOMIC INDICATORS

A true Fundamental Analysis, based on leading world economies comparative macroeconomic characteristics as well as on their currencies power/weakness, may be experienced not through indices of universities and various US managers associations, BUT through economic indicators, recognized by all the world leading economists. These are:

- GROSS DOMESTIC PRODUCT (GDP), the principle national economy condition reflector. According to economy development Keynesian model, GDP=C+ I + S + E M, where: C is consumption, I is investments, S is state expenditures, E is exports, M is imports. GDP is expressed on terms of an index in relation to a previous period.

- STATE BUDGET, constituting a correlation between states incomes and expenditures.

- BALANCE OF PAYMENTS, correlating the countrys incoming and outgoing payments and falling into three major components: trade balance, balance of services and non-commercial payments (invisible transactions balance) and balance of capitals and creditors flow.

- UNEMPLOYMENT RATE in the country, being a 3D structure of:

frictional unemployment, related to higher remuneration job hunting or expectation after layoff (not a negative factor, since it leads to more rational labor resources allocation); structural unemployment, emerging5B4 from labor demand decline in any industrial branch due, for instance, to technological development or change on consumer demand structure; cyclic unemployment, arising during overall economic recessions. - MONEY SUPPLY INDICES (M0, M1, M2, M3). M0 = cash circulation; M1 = M0 + cheque deposits; M2 = M1 + cheque less saving accounts + money market deposit accounts + minor deposits (less than USD100K) + money market mutual funds; M3 = M2 + large deposits (in excess of USD100K). These are practically no market influential.

- NON-FARM PAYROLLS.

- GOLD AND CURRENCY RESERVES, being a states gold and currency backup stored in central bank and in financial institutions, as well as states gold and currency assets with international creditors.

- NATIONAL DEBT, constituting state liabilities to physical persons, legal entities, foreign countries, international institutions and outstanding international law subjects.

- REFINANCING RATE, being percent rate utilized by the central bank in granting credits to commercial banks on a refinancing basis, etc.

MACROECONOMIC INDICATORS MANIPULATION ATTEMP AT FOREX.

Macroeconomic indicators are of objective nature, thus being uncorrectable, the way it may be done to various Chicago, Atlanta and Michigan indices.

That is why at FOREX we often come across surprising interpretations of the above objective indicators, recognized by the worlds leading ec5B4onomists.

1. Macroeconomic indicators are leveled with ersatz Fundamental Analysis ones, viz.: the University of Michigan one, as above indicated.

2. Absolutely in objective criteria are selected to estimate macroeconomic indicators. For instance, weekly number of jobless claims is released instead of its monthly fluctuation dynamics analysis per its three aspects (frictional, cyclic and structural). This data s released on Thursdays, 08:30 EST, New-York with a disclaimer that the figures are not always reflective of the actual situation. The data is under frequent perversion due to short-term factors such, as federal or local holidays. The question is WHAT IS IT ALL FOR?

3. The macroeconomic indicators role is being undermined in every manner. See below:

State budget exerts but an insignificant authority over the market (?!). Curious to know WHY? Is it that the UMich index is more important in understanding the US economy prospects and its perspective currency rating?

http://www.forexite.com/forex_for_beginners/us_economic_indicators.html

Balance of payments is of limited influence on the market (??).

http://www.forexite.com/forex_for_beginners/us_economic_indicators.html

4. Totally different indicators are being quoted when analyzing the leading economies. See:

the USA: M1, M2, M3 money supply, whereas M3 only for Germany with no indicator as such for the UK; the UK: PPI o5B4utput, PPI input with no indicator as such for other countries. RELATION BETWEEN Fundamental Analysis MACROECONOMIC INDICATORS AND FX RATES

Certainly, the relation between Fundamental Analysis and current FOREX rates does exist, however it is greater in depth and mediation, than presented to traders by the majority of analysts, starting from dealers basic training.

In my opinion, this DIRECT relation between Fundamental Analysis and FOREX trending finds manifestation on W1 and MN charts only.

Those, supplying us with FOREX quotes, may be playing and fooling traders within H1 and even H4. But changing trend at W1 and MN timeframes in favor of the USD and establishing the EUR price, say, cheaper than that of the USD in 2005 means going AGAINST depth fundamental data. Those will never be off to commit sort of a thing.

A currency price and that level of fundamental data are permanently coincident. This is not at all the ersatz Fundamental Analysis, whereto the Consortium has schooled the majority of traders (not the University of Michigan index, not the Chicago Managers Association index, not the last month Consumer Confidence index (?!), etc.), and by virtue whereof the aforesaid traders majority have got completely confused in a seemingly elementary issue of entry in favor of the news and against the news.

Hence, below is the USA and Europe macroeconomic indicator related PRACTICAL CONCLUSION5B2 for traders: data as of early summer, 2005 are definitely indicative of the incapacity of the long-term USD downtrend change for its uptrend (W1 and MN charts) within the year relative to the EUR, the GBP and outstanding allies (See chapter on Which FOREX indicator is the most impartial and accurate. Ally and adversary currencies).

Thus, following each short- or medium-term EURs recess, its new growth will be witnessed with earlier historic peaks potential breakthrough. The contrary option of the EUR being cheaper than the USD is a NO-NO, exactly due to fundamental macroeconomic indicators, where under European economies enjoy faster development than the USA.

RELATION BETWEEN ERSATZ Fundamental Analysis AND FOREX QUOTES.

Any ersatz Fundamental Analysis indicator data release (UMich, Chicago indices, etc.) is but the GROUND to urge currencies up-down reciprocation, as a function of tactical objectives of those supplying FOREX quotes.

A PRACTIAL CONCLUSION for traders: I claim no relation between ersatz Fundamental Analysis and FOREX quotes from the intraday trading standpoint.

Upon the above news the banks Consortium may drive the rates in any direction, whereas FOREX analytical economists will snatch on You proving and explaining that there is no unexpected occurrence and that the market with proper advance account has been long anticipating the news released, etc., etc, see aforesaid.

5B6

Thats the reason for no analyst to venture to recommend entry against the news prior to its release. NO ONE knows in advance where the rates will travel under the Consortiums will after the news.

This is the level of technical analysis, not that of Fundamental Analysis.

Being a trader, I observe 3 rules when jobbing on news:

exit all positions prior to the news release; if not then place pending orders behind resistance and support levels to be a stop-loss safety cushion as per B. Williams. dont enter upon the first candle after the news release; enter immediately after the Consortium has definitely indicated the way it interprets the news released (see Entry and exit manual on entries and exits under the news released). IN CONFIRMATION OF MY CONCLUSION ON POTENTIAL CURRENT NEWS AND OTHER STATISTIC DATA FORGERY, I refer to Dawn of dollar empire and end of Pax Americana by A.B. Kobyakov and M.L. Khazin, (Veche publishing house, 2003, 368 pages), see on http://paxamericana.narod.ru/book/paxamericana.zip.

The authors thereof have arrived at conclusions still more aggravating for traders and quoted facts on STATISTICAL DATA FORGERY AT THE LEVEL OF THE USA STATE STATISTICS, see CHAPTER V. STATISTICS AT CURTESY OF ECONOMICS:

The earlier published data summary maintained, that during seven years from 1995 to 2001 inclusive, the USA boasted positive balance of p5B4ayments of USD203.2 BN, while the revised data uncovered negative balance of payments of USD89.8 BN (chart 24) within that period. With the account to Q1 2002 the above deficit amounted to USD100 BN already.

EVERYONE IS FREE TO READ IT IN GREATER DETAIL AND TO DRAW UP ONES OWN DEDUCTIONS!

A serious Russian Novaya Gazeta newspaper (08.09-11.09.2005, in Writings on the water, see p. 15) has reiterated on another stock market vivid instance, where for the sake to meet some national (or, probably, SOMEBODYS) interest, the US governmental circles and information agencies have set on a worldwide advertising of a greatest modern discovery of nanotechnology: a single-molecule transistor.

The newspaper quotes: Prospects were breath-taking. The fourth wave subject attained unusual fashion and attraction for investments. Nanotechnologies fell under the US government strictest attention being the issue of strategic importance. Hardly imaginable was the fact that all the sensation would end up in a classic panama or a shady enterprise similar to our default. Scientific companies share prices skyrocketed off-scale, whereas 30-yo Jan Hendrik Shone, the main publications author has been thought to be next years Noble Prize nominee. It all would have been sliding on smoothly, unless the results of over 100 Shones articles turned out to have not obtained confirmation. Tampering has been prove5B4d as regards three key reports on single-molecule transistor.

As a result Shone faced being fired along with sharp decline in scientific companies share rates. The companies have been stung for USD100BN approximately, the amount being suspiciously close to the Iraqi war (started only 3 months later) US government expenditures.

An infinite number of similar sample situations may be drawn, with statistics turning into a falsifier.

Hence, the question is natural: whats the way of a trader using Fundamental Analysis statistics to build up FOREX strategies, provided that at least part of data is forged to someones benefit?

I dont hold it reasonable to go deeper into the issue. A FOREX traders gains may not be facilitated by this issues deep study.

To get a comprehension of FOREX currencies logics, the simple knowledge is indispensable of WHO, HOW and BY WHAT REASON supplies FOREX quoted to traders. By far we have but only answered WHO are those Internet users to furnish quotes to traders.

Identically, no use sinking into the BY WHAT REASON the quotes are supplied at FOREX. Please, attempt yourself to answer by virtue of a counter-question: if You (not the Consortium) have invented a financial result-oriented game with clients WHO IS SUPPOSED TO BE THE WINNER (the game organizer or clients)?

Hopefully, I have beaten off some green traders lust for instant gains at FOREX. Yo5B4u are facing a professionals market and becoming a profi yourself is the only way to earn money at this market.

The underlying chapters are concentrative of the attempt to elucidate the core question: HOW are the FOREX quotes presented, to enable the extra-exchange FOREX market traders to attain steady gains.

Below I will purportedly and repeatedly resort to examples from books by Viktor Suvorov (Ice-breaker et al.). Our target at FOREX is a twin sister of V. Suvorovs one in history: to use official sources (i.e. absolutely verifiable materials) in legal understanding of what is camouflaged by the worlds richest market half-truth and falsehood in Fundamental Analysis and Technical Analysis methods, in published FOREX literature, in websites analytics and predictions, in actions of dealers making millions USD by means of their client traders accounts, etc.

Now, please, find below an intermediate conclusion being the starting point in understanding of currencies quote logics as well as in pinpointing of CORRECT and ERRONEOUS method of operation at FOREX proposed by Bill Williams and other scholars:

A trader is to be aware of one single thing as different from stock markets, FOREX traders are not opposing each other, but they fight against the almighty FOREX Game Organizer the world banks Consortium being capable of swiveling any national currency to any direction and at any moment by way of u585sing numerous economic indicators, news releases, whose authenticity is not doomed to ever be verified by anyone.

Thus, how is one to realize, at a trend beginning, but not by its end, WHAT FOR and BY HOW MANY POINTS the Consortium is pushing currency rates?

Bearing the above in mind we will dedicate the following book chapters and the Masterforex-V Academy training to this issue exactly.

If you wish to be trained on Trading System Masterforex-V - one of new and most effective techniques of trade on Forex in the world visit http://www.masterforex-v.su/

About Forex Tutorial7322

posted by currency-forex-online-trading14727 @ 5:06 PM, ,

Forex Trading Machine Book Review: Trading Like A Robot

The ebook "Forex Trading Machine" is aptly named. The author, Avi Frister, has taken a 1493radical approach to the forex market, bypassing technical and fundamental indicators, the lifeline for many traders, and devised a system that is purely mechanical. If you can trade like a robot his system promises dependable, consistent profits over time.

This ebook falls naturally into two parts. Chapters one to six cover forex basics including an explanation of currency quotes, pips, margins, daily ranges, technical and fundamental analysis.

Of particular importance are chapters five and six dealing with the psychology of trading and money management.

A very important point is made on page 74. After referring to the often quoted statistic that 95% of traders fail eventually and go broke, the author emphasizes that this is not due to the absence of a sound trading system, or special forex trading strategy.

Discipline is the key factor, control over emotion. Fear and greed are the two elements that destroy so many traders. To quote Avi Frister: "Most people get into this venture with the hopes of getting rich quick. The lure of fast money. Make no mistake, it's the number one ingredient for disaster."

Hence the desirability of a forex trading strategy that is purely mechanical, without the need of interpretation or judgment calls on what is happening in the market at any given time. If an individual can develop the discipline to simply follow this mechanical system, basically trading like a robot, consistent profits and an ever growing account will be the result according to "Forex Trading Machine."

From what I have considered in this ebook and put into practice myself, I am inclined to agree.

Three specific mechanical strategies are outlined. One requires a stop loss of over 50 pips which may not suit everyone considering the amount of equity needed for such a trade. These setups come up just a handful of times a month but the profit targets are usually around 100 pips.

The second strategy will suit many with a stop loss of 20 pips and a profit target of 30-40 pips. This particular setup occurs frequently, perhaps more than once a day on some currency pairs.

The third strategy requires a stop loss of just 15 pips with a profit target between 20 and 40 pips.

In each case, there are minimal considerations and a trader has to just follow a very specific set of instructions, enter the trade, and forget about it. Check it some time later and if it is still running, make a decision on whether to exit or let it run.

The author points out in the introduction to this ebook that the information and trading strategies explained will suit both the beginner and the advanced trader. Certainly the beginner will find the techniques relatively simple and easy to implement. If they can adopt the robot approach and just 'connect the dots' there is a high probability they will increase profits consistently over time.

For the advanced trader I am not so sure. It will depend on the mind set. Some advanced traders may not be able to shut off their natural tendency to use technical or fundamental analysis. This will most certainly get in the way and cause problems if they are using the mechanical approach.

Advanced traders who have the discipline to pigeon-hole their various strategies will do well with this system I believe. They may have some trades running using their technical or fundamental indicators and when they see the specific setups Avi Frister outlines, they may choose to trade in a separate account purely using the mechanical method.

The advantage of this approach is a spreading of the risk factor. Using a variety of trading strategies, including technical analysis and on other occasions a purely mechanical approach, will provide a strong trading foundation.

"The Forex Trading Machine" adds another dimension to the aggressive trader's tool kit.

Title: Forex Trading Machine
Author: Avi Frister
Format: Digital - PDF

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posted by currency-forex-online-trading14727 @ 3:33 PM, ,

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