Archive for January, 2010
What is a good introduction to online currency trading.?
I have a decent amount of seed money from playing poker semi-professionally and feel I would do well in currency trading. I have enough for sign-up minimum at most online exchange sites. I need reliable and up to date information on currency trading.
If would be helpful if you post your credentials along with your answers (though no necessary)
The Foreign Exchange Market is an over-the-counter (OTC) market, which means that there is no central exchange and clearing house where orders are matched. With different levels of access, currencies are traded in different market makers:
The Inter-bank Market – Large commercial banks trade with each other through the Electronic Brokerage System (EBS). Banks will make their quotes available in this market only to those banks with which they trade. This market is not directly accessible to retail traders.
The Online Market Maker – Retail traders can access the FX market through online market makers that trade primarily out of the US and the UK. These market makers typically have a relationship with several banks on EBS; the larger the trading volume of the market maker, the more relationships it likely has.
Market Hours
Forex is a market that trades actively as long as there are banks open in one of the major financial centers of the world. This is effectively from the beginning of Monday morning in Tokyo until the afternoon of Friday in New York. In terms of GMT, the trading week occurs from Sunday night until Friday night, or roughly 5 days, 24 hours per day.
Price Reporting Trading Volume
Unlike many other markets, there is no consolidated tape in Forex, and trading prices and volume are not reported. It is, indeed, possible for trades to occur simultaneously at different prices between different parties in the market. Good pricing through a market maker depends on that market maker being closely tied to the larger market. Pricing is usually relatively close between market makers, however, and the main difference between Forex and other markets is that there is no data on the volume that has been traded in any given time frame or at any given price. Open interest and even volume on currency futures can be used as a proxy, but they are by no means perfect.
if you would like to know more about forex system using online platform then try this website
http://www.forexbio.com
FX360 – Forex News & Currency Trading Analysis
FX360.com is the new site of renowned currency analysts Kathy Lien and Boris Schlossberg. Get their daily insight on what moves the currency markets. Get the same quality forex news and analysis that makes them regulars on CNBC, Bloomberg and SKY TV. http://www.fx360.com
Duration : 0:10:35
FOREX VIDEO – ASIAN OUTLOOK JANUARY 22ND 2010
Happy Friday everyone. To finish off the week, an update on the EUR/USD trade from the previous video and a look at a fresh GBP/JPY opportunity
Duration : 0:10:41
Can anyone give me some tips on currency trading ?
I would like to know how to make money with Forex or currency trading. Does anybody have experience and willing to share a couple of tips ?
If you are new to this market, the best thing I suggest is that you use automated software to trade for you while you are learning. This way the trades are placed for you automatically. Learning to trade Forex manually is very difficult, emotions get involved which makes it very easy to lose all your money.
For a successful system you need:
1) Good money management and stoploss’s to protect your capital.
2) Proper risk/reward ratio.
3) A way for it to adjust dynamically to the changing market conditions.
Here is a site that reviews these types of systems:
http://www.Expert-Advisors.com
Forex Education, EUR/USD Outlook during live market conditions
http://www.forexoffice.ca Live Forex Trading Learning Room – Stan Kajzerek; Technical and Fundamental Analyst, Professional Forex Day-Trader, and Forex Coach; Free Forex Education
http://www.forexoffice.ca/index.php?option=com_content&view=article&id=388:what-do-we-teach&catid=60:education&Itemid=37
Duration : 0:6:39
FOREX VIDEO – EUROPEAN OUTLOOK JANUARY 12TH 2010
Hey everyone. For this presentation I cover a number of currency pairs, specifically the Euro USD, Aussie USD and Pound Yen. Given that we are still largely range bound I have identified some key areas of support and resistance to keep an eye on moving forward. I hope you enjoy the video and good luck today!! David Pegler
Duration : 0:9:53
Elliott Wave Forex Trading: It’s Not The News That Matters
Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007
The standard explanation mainstream financial analysts and some forex trading “experts” use when talking about a market move is, “The market did that because of such-and-such news report.” But if you’ve been forex trading long enough, you know that all too often, the market’s reaction to the news is the opposite of what it’s “supposed” to be. Watch Elliott Wave International’s Senior Forex Trading Strategist, Jim Martens, as he explains that it’s not the news that matters when you’re trading forex — it’s the market’s reaction to the news that does — in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.
Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007
Duration : 0:10:55
FOREX Training – Timing Your FOREX Trades Pt 1
This is a video overview of how to improve the timing of your trades using moving averages. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (http://www.fxbootcamp.com
Duration : 0:24:51
Learn who trades Forex and why
Where can i find a currency trading expert?
If i have a good amount of capital and want to trade the currency market but have a bit of knowledge but not as much as an expert , Where could i find someone who can teach me and get paid for their time teaching me? I’m in Ireland
Right here: www.ez-traders.com
