Posts Tagged ‘day trading

I was learning forex for months, day after day trying to figure it out. I soon realized that this can be a longer process than I imagined. If you are anything like me than you don’t want to wait forever to get results, you want them instantly. I went on a testing spree to see what methods would work. After testing out many I discovered this one that the big traders have been using for years. This one produced insane results compared to the rest.

Most learning forex give up before they get anywhere. The key is to be persistent in…

Being Born Rich

In: Stock Market

27 Oct 2009

Jim is a money manager. Specifically, he manages the money of rich people who made their own fortunes through hard work, invention, or by inheritance. From what he tells me, there are more ultra-rich families in America that have inherited fortunes than there are people who created fortunes. He would know — in order to become one of Jim’s clients you must have a net value of at least $1 million. It’s strange to think there is more old money circulating in this economy than there is venture capital.

This begs the question: if old money drives the economy, how does…

It is important for the currency traders to have a good grasp of the general economic characteristics of the most commonly traded currencies. US Dollar is the most heavily traded currency in the global economy.

Traders need to also know the difference between the expected and the actual data. Some currencies tend to track commodity prices while others may move in complete contrast.

News or data that is in line with the expectations has less of an impact on currency movements than unexpected news or data. The correlation between the currency markets and news is very important. Therefore short term traders need…

Fibonacci Price Retracements: The important question in every trades mind is how far the retracements will penetrate into the previous movement. Suppose the price action bounces back from a resistance level down. How do you identify a possible support level once the market pulls back from a high? Fibonacci price retracements are run from a prior low to high swing using the ratios 0.382, 0.50, 0.618 and 0.786 to identify possible support levels as the market pulls back from a high.

Retracements are also run from a prior high to low swing using these same ratios looking resistance as the market…

EUR/USD is the most liquid and the most popular currency pair among the forex traders. Trading currencies can be exciting and lucrative. Its a great market because of the way politics affect the trends. Elections, strikes, and sudden developments, both good and bad, can lead to significant trading profits if you stand ready to trade the euro is a convenient currency because it encompasses the policies and the economic activity and political environment of a volatile but predictable part of the world: Europe. EUR/USD is the most heavily traded currency pair in the global currency markets at the moment.

Inflation is…

The currency pairs that are heavily traded during the Asia Pacific session are USD/JPY, EUR/JPY and AUD/JPY. The financial centers active during the Asia Pacific session are Wellington, Sydney, Tokyo, Hong Kong and Singapore. Currency trading volumes in the Asia Pacific session account for about 21% of the total daily global volume. Most of the transaction involves JPY as Japanese companies are trying to convert Japanese Yen into other currencies in order to do business with the rest of the world.

News and data reports from Australia, New Zealand and Japan are going to be hitting the market during the session.…


  • Doeren Mayhew: Thank you for posting this. - Doeren Mayhew [...]
  • Alex: All companies that operate in the life insurance market in business to make money and need to make p [...]
  • Debt Advisor: A really good and well balanced review. Would probably add Debt Advice Foundation to the charity lis [...]
  • Jerry Baldy: Take a look at mt URL above, for a finance article that might interest you. Best Regards, Jerr [...]
  • Emma: Hello, I try the Forex Trading method, and I discover that is not easy at is sound. First of all [...]
Finance Business Directory - BTS Local Top100Inter.Net TopOfBlogs Business & Finance (Money) - TOP.ORG