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Thursday, April 10, 2008

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REACTING TO NEWS
News or data are always read by the market along the prevailing market bias. Data can provide a good reading for the state of the market. If the data is bad but the price is still rising or not affected, it must be a bull market which means buy on dip strategy is a better one. Conversely, if the data is good but the price is not rising or even falling, it must be a bear market which means sell on bounce strategy is a better one. The inflexion point must be when bad news or good news. no longer affect the prices as they have done before. Medium/long-term bias changes are usually accompanied by such reactions to the news. It is not the numbers that counts but how the market reacts to the numbers that counts. That gives some comfort to those who are not privy to the numbers already

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For those interesting in being involved with Forex trading, a basic understanding of how the system works is essential. Understanding both forecasting systems and how they can predict the market trends will help Forex traders be successful with their trading. Most experienced traders and brokers involved with the Forex use a system of both technical and fundamental information when making decisions about the Forex market. When used together, they can provide the trader with invaluable information about where the currency trends are headed.
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Forex money management is where most traders go wrong in almost all cases leaving only a few as the winner at the end of the day. Money management and discipline of mind is what makes or brakes a trader at the end of the day, not the elementary entry and exit method.

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The Foreign Exchange Market (FOREX) fx is the largest financial market in the world. For the beginner forex currency trading has the highest liquidity in the financial market with daily volume in excess of $1.95 trillion. The forex currency trading market is more than three times the total of the stocks and futures markets combined.

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Bernanke Kills Any Chance for a Dollar Rally

Fri, 09 Nov 2007 06:41:58 GMT

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Where to Get Forex Training

by Jay Moncliff

Some of you may not even know what forex trading is. If you dont know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.

You can get forex training from several different places. The first place you should get forex training from is online. There are many websites that offer free forex training. The forex training these websites offer is both reliable and accurate. The forex training on these websites often offers a free demo account to teach you how to trade without actually using any real money.

A second place to get Forex training is at your local college campus. Forex training courses at college are usually inexpensive and very thorough. The forex training courses offered should also include hands on experience with trading, to help you get the edge. You can also get some books on forex training or research forex training at your local library. The best place to get forex training is from someone who is already involved in forex trading. The forex training these individuals provide will be more realistic for you and give you different aspects of the forex trading game.

The forex training you get should first start with learning how the foreign trade market works. The trade market is always changing, so you need to understand it first. The second part of your forex training should be about risk control. You never want to invest more than you can afford. The right forex training should teach you how to cut your losses and have less risks of failure. Next, your forex training should teach you how to open and manage a forex trading account. But this should be done with a demo account. All forex training should be done this way first, before you try the real thing.

With all of this in mind, you should be able to find some good forex training. Learn the ropes of forex trading and take the time to learn it well. Be sure to try a demo forex trading account before you start a real account. With the right forex training, you will soon be on your way to a profitable way to supplement your income.

Jay Moncliff is the founder of http://www.forex-center.info a blog focusing on the forex training, resources and articles. This site provides detailed information on forex training. For more info visit his site at: forex training

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Each Forex Trading cycle is different from the last one and that is the beauty of the market. It is extremely important to look at the big picture from the distance rather than studying the minute and hourly charts with a microscope. And repeat the whole show again and again ?til it shows the sign of turning in daily or weekly chart. And flip. Good trades to you.
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Technological advancement, along with liberal market sentiments, has allowed almost everyone to deal in currency trading, unlikely to the past when there were only few organizations that could trade the currency. You also can open a mini account with as little as $300 US although $2000 US is recommended. You can open a regular account with as little as $2000 US although $10,000 US is recommended. Mainly major banks, international organizations and some other are doing well in currency trading.

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I always try to pyramid while position trading medium-term once I am convinced of a new medium-term trend emerging. Like in USD/JPY position trading 135-132 as an initial position, adding in 132 and 129 areas. Same for AUD/USD and EUR/USD with similar strategies. But sitting on positions and watching the counter-rallies costing truck load of money is not easy job to do and causes lots of pain all the time. Most traders even among experienced ones cannot bear that pain and give up too early. But there is no other way to make a big money and we have to bite the bullet and "sit and accumulate" as long as the medium-term trend is intact. That is why I always believe psychological aspects of trading is far more important than anything else in successful trading. A mind game like those bluffing game of poker.

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You can start playing the currency trading market with real market conditions immediately. Trading opportunities in the forex currency trading market are now available to individuals through technology interfaces such as those used by major currency trading brokerage firms (usually large corporations with big tummies). If you decide to hire a professional who takes advantage of this technology, you will be able to view your accounts' closed trades 24 hours per day through a secured, online access portal.

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Trade deficit rises in February

Thu, 10 Apr 2008 09:42:10 EDT
The trade deficit rose in February, contrary to an expected decrease, according to a government report Thursday.



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Want To Make Money? Try A Forex Trading System

By Scott Fromherz

The internet if full of great money making opportunities, and one system that is not commonly considered by enough people is a forex trading system. These systems allow anyone to learn the ins and outs of trading online using the foreign exchange and potentially make a lot of money. The internet if full of great money making opportunities, and one system that is not commonly considered by enough people is a forex trading system. These systems allow anyone to learn the ins and outs of trading online using the foreign exchange and potentially make a lot of money.

With the knowledge that can be obtained easily from many places on the internet, and from helpful users on forex forums, you can begin trading and watching market trends and fluctuations in order to predict the next profitable trend. A forex trading system can be easily learned and does not need any special expertise, just patience and a little time.

You can also search online and find that many broker websites have developed software for easy methods to apply a forex trading system. Most of the systems that companies offer are reported to give you positive results, sometimes up to 80 percent. These systems follow specific data and trends and are taught in an easy format that just about anyone can understand. A trading system can work so well that some companies will give you a free trial period to prove how well they work and see how much money you can make.

With a forex trading system, you can avoid all of the guess work and calculations. A good system should do it for you and all you have to do is decide whether or not to act on the results and recommendations shown. However, if you like a challenge, then try to do it yourself after completing all of the courses, and then use a trading system to check your accuracy. Having a second opinion is always useful.

If you want to learn to use a forex trading system you will need to understand the concepts behind the business and how and why it was started. You need to become familiar with the financial language and the different rules and methods involved. You should make sure before you begin that this is the right investment method for you to use, as there are many risks involved.

For this reason it is better if you do not use your everyday living money for Forex trading. You should have some extra money kept aside so that if you do have a bad day, which happens, it will not be the end of the world. Even if you have a forex trading system you are not guaranteed to earn a lot of money. Realize that this will be a slow process of earning small amounts, but the potential for earning large sums of money is a very real one.

Scott Fromherz owns multiple informational websites. For more information on Forex Trading System go to TopForexSystem.com/ or visit www.ArticleAdvocate.com/Category/Currency-Trading/99

Quick Forex Ideas

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As you can see many factors have a major influence in the Forex game. Please leave the speculating to the experts unless you trade on the forex as a hobby and don't have a lot of money invested.
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Forex Knowledge
Through studies and research, a trader faces the task of making decisions to put this knowledge and system into practice. Then, how many traders can honestly say they can commit their ranch when the trade is suggested by their own system (given that trading is just a chance game) and let the profit run for weeks and months when their system tells them, and how many can manage to cut the loss as a routine process when the situation arise. It all sounds so easy when saying it but so difficult when doing it affecting real money in the market. I still do not sleep well when I am running position because even if the profits are running into a few hundred dollars and the system is telling you to carry on, there is no guarantee that the profit will turn into a yard or two in a month time, and it may even turn into a loss in a day or two when something unexpected happens. A painstaking process in real sense. The pain is not knowing what will happen in the future and in fear of losing. So at the end of the day, assuming one has decent trading system and market knowledge and decent info, it is ultimately how disciplined and how well that trader can take the pain of making right decisions at the right time that decides the outcome of the trades. Hence I call trading a mind game.

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Japan, on the other hand, imports 99% of its oil. Their reliance on oil imports makes their economy especially sensitive to oil price fluctuations. If oil prices continue to rise, the price of Japanese exports will be forced to rise as well, weakening their position in the world market. Over the past year, there has been a close correlation with rises in oil prices and drops in the value of the yen.
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BoE Cuts 25 Points, As Tight Credit Markets Outweighs Inflation Concerns

Thu, 10 Apr 2008 13:06:24 -0400
The BoE cut rates by a quarter point as they see credit markets tightening and overseas growth deteriorating. However, they still feel that they need to...


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