The Easiest Way To a Forex Fortune - And How To Avoid a Huge Loss

By Joe Wolfe Everyone seems to be jumping on the forex bandwagon because there is serious money to be made. However, here's a dirty little secret: the majority of people of people who start trading on the forex (foreign exchange) end up with a loss. Furthermore, a significant portion of these people end up with a HUGE loss. The problem is that most people are using a technique(s) that is at least...

The AUD will continue strength - $1.25 anyone?

You might wonder for how long can the AUD exchange rate sustain its strong rise against the USD. I would suggest that it can do it for a while yet. We might think that the strong $A is going to jeopardise our international competitiveness. The reality however is that:1. Until recently, the USD was being debased more than the AUD was rising. This is evident against other currencies such as the Philippines...

How A Beginner Can Get Started in Forex Day Trading

How A Beginner Can Get Started in Forex Day Trading By Jeremy Winters There are many ways that you can earn a living from home, and a very popular way that people are doing this is with forex day trading. Like the stock exchange, you are going to be making many different transfers and trades throughout the day, but instead of trading different stocks you are going to be trading different currencies...

Canadian Dollar Retreats, Despite Solid Growth

The Canadian economy grew by 0.5% in January. This was in line with expectations and a undoubtedly a solid monthly growth rate. Nevertheless, USD/CAD just cannot break lower. A growth rate of 0.5% per month is usually at the high end of Canadian growth figures. Growth rates of 0.2% or 0.3% are more common, yet it’s important to state that this was the market’s consensus. But USD/CAD climbed. It already...

The Risks of Currency Trading

You might think that the Forex industry is all cut and dried, made up of successful businesses that can make you wealthy just like that. But the truth is something far different than what most people want to hear. The Forex industry is rife with people out to steal your money. That’s the simple truth. You need to be aware that these fraudulent people exist...

Portfolio Prophet review - What is portfolio Prophet?

Portfolio Prophet ReviewPortfolio Prophet is full fledged ETF trading course. As you know diversification is very essential in trading. If you are just in forex, you must consider investing in another market like ETF or bonds or stocks.Portfolio Prophet course contains detailed strategy on ETF trading as well as alert software. Bill Poulus has done a very thorough job in creating this course....

FOREX WITH PEACE OF MIND

Hi everyone, I hope all of you are doing fine and have lots of pips to enjoy. Just got back from a vacation. 6 days there and I got bored and get back home. Leave my wife and kids there to do their shopping. It seems that I like it better at home than to stay at hotels. Maybe I'm getting old :) Been a while since I have updated this blog. Been thinking of deleting or selling this blog to anyone...

Week 10 EURJPY Road Map

I have been making bullish calls for EURUSD, GBPUSD.  I guess it's time for EURJP...

A Book Review: Fibonacci Analysis

A book recommendation from Forex Journey - If you have experience trading Fibonacci levels might I suggest a good read in Fibonacci Analysis by Constance Brown. This is not a beginners book, however, if you have been exposed to the basics of Fibonacci numbers, ratios and confluence and want to take it to the next level then this book might be for you. Ms. Brown's passion on the subject...

Amerikan Intervention

Here's a blog post from Larry Levin on why oil pulled back over 8% yesterday. I thought you would enjoy this... Oil was once again in the news today, but this time not for another price spike. Yesterday I wrote, “While speaking at a Bloomberg breakfast in Washington Wednesday, Tax-Cheatin-Timmy of the Treasury admitted to central banking manipulation when he said, ‘The economy is in a much stronger...

When You Feel the Elliott Waves, Your Eyes Become Wide Open

By Elliott Wave InternationalHave you ever been at the ocean body surfing, just waiting for that perfect wave? When you begin to truly feel it, your adrenaline starts pumping. I came to work for Elliott Wave International in the late 1980s -- before the Internet, before ETFs, before smartphones. Part of my job was to review the many publications that came to our offices, in search of articles that...

MIG BANK Press Release: Forex Broker MIG BANK Offers A Revolutionary New Fully Transparent Dealing Model

MIG Bank, the world’s first Forex broker to become a Swiss bank, is again at the forefront of innovation by offering a revolutionary new Fully Transparent Dealing model. In order to ensure MIG BANK's clients get the highest possible liquidity and best market prices, MIG BANK works with a pool of liquidity providers, consisting of major prime banks. These liquidity providers compete to offer...

Mubarak Ends His Presidency, Protestors Leave Tahrir Square

After Egypt`s Hosni Mubarak agreed to step down as President past week, and handed over his powers and responsibilities to the Egyptian Army, the situation in the country appears to have calmed to a large extent, with the Tahrir Square, the stage for tens of thousands of people demonstrating against the regie for the past weeks, presently being occupied by a tiny group of just 50 ...

PIMCO Shifts Out of U.S. Treasuries, Should We Shift Out of the USD, too?

PIMCO`s Bill Gross has published its February Investment Outlook at the company`s website where he is making the case for an exit from U.S. government debt in favor of non-U.S. developed nations. His arguments, while passionately argued, are neither new nor innovative, but they make a good reading as they are being presented in a coherent and complete form. His case is a familiar one...

Elliott Wave Principal

Every successful trader or investor has a method that they rely on to make investment decisions. Without a method, investors must rely on the advice of others or their own emotions to make these decisions.Elliott Wave analysis provides an objective method to forecast the direction of the markets. This theory was first brought to the public’s attention in 1978, in Frost and Prechter’s text Elliott...

Egypt Concern Drives Oil Higher; Markets Mixed

Today is a mixed day for equities and currencies as the robust rally of the past few days becomes digested. In the uncertain environment of the moment traders seem to be determined to sticking to what they believe in, the bullish momentum that has been in place since Ben Bernanke`s hot money promise a few months earlier. Only oil seems to be directly impacted by the events far away...

The Bearish Dark Cloud Cover Candlestick Chart Pattern

A number of Candlestick chart patterns consist of two individual Candlesticks that result in specific interpretations that depend on how they arise. The Bearish Dark Cloud Cover candlestick pattern is one such two candlestick pattern that forms a bearish reversal signal. This pattern is the mirror opposite of the Bullish Piercing Line Candlestick reversal chart pattern. Like its counterpart,...

Forex Oscillators - The Predictive Value of Divergence and Convergence

Oscillators give the trader limit values which he can use to evaluate the price action. The currency price is a number, and its range is limitless (it can move between zero and infinity). It’s impossible to define a high and low on that range, and oscillators are used to overcome this problem. Divergence and convergence, as they are termed, are held to offer predictive value by the technical...

Forex Price Action - Reading the Language of the Market

IntroductionMost of this text is fairly straightforward. The terms and descriptions that we use are often self-evident, and we hope that even someone with no experience of trading will be able to grasp the essence of the discussion with a little effort. There’s but one point we’d like to clarify. At various points in this text, we speak of a bullish or bearish trend, or bullish or bearish...