|
 
Learn To Trade the Forex Markets - The World's Most Exciting Way To Trade!Forex Trading (or foreign currency trading) is a fast-paced and exciting way to profit from moves in the world financial markets.Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars! Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way. Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies. Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price. Forex Forums like Forex Factory and MoneyTec are great resources for beginners. Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com) Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com Chart Of The Day: AUD/USD Dollar-strengthening price action on AUD/USD, a daily chart of which is shown, has once again descended back down to a key uptrend support line extending from the March lows. This line has already been touched three times since its inception, and the current bearishness has created a fourth. While this... USD/JPY Declines with Pullback in U.S. Equities The USD/JPY’s little rally is fading again as volume subsides. It seems the USD/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4/6, 5/7, 6/5, and now 7/1) combined with two consecutive higher lows (5/22, 6/23). The currency pair remains stuck choosing between the two deteriorating economies... GBP/USD Sinks after Negative Data Stream The Cable is reacting negatively to the negative unemployment data points from both the U.S. and EU. Additionally, Britain’s construction PMI contracted from its previously release, coming in below analyst expectations. The positive sentiment the Pound has garnered over the past couple months has been dented by the disappointing GDP... EUR/USD Reverses from our 3rd Tier Downtrend Line The EUR/USD is losing yesterday's positive momentum after employment data from both the EU and U.S. showed rising unemployment continues to be a thorn in the side of the economic recovery. The EU's unemployment rate came in at 9.5%, two basis points above analyst expectations, while the previous release was... FX Thoughts for the Day Cable has bounced from the low of 1.6329 and is likely to move further up. A rise past 1.6460 might take the pair further up towards 1.6600. On the downside, it has important Support near 1.6260-40 (where 1.6260 is the 200-MA on the 4H chart). A break past this which... Newsfeed display by CaRP Forex Fundamental Analysis Reports (ActionForex.com) Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com Currency Market Consolidates Throughout The U.S. Session Overall, the currency market moved on increased volume on Thursday, as the economic calendar of the U.S. session was loaded with top tier releases. Among them, the NFP and the ECB press conference were the two most important, but so far it seems that the market has priced-in the weaker... New York Session Recap It was another exciting session in NY early on as the buck extended overnight gains on unbridled risk aversion. The overnight comments from China that they did not ask the G-8 to discuss the USD reserve status at the meeting next week provided the spark and a horrendous NFP report... Forex Fundamental Outlook The common currency gaved back most of yesterday's gains ahead of the long holiday weekend in the U.S. As expected, the European Central Bank kept monetary policy unchanged and ECB President Trichet reported interest rates remain "appropriate." Trichet also said recent economic data indicate the global economy has reached an... ECB to Hold Rates Steady for Some Time Today's decision by the European Central Bank to leave its key policy interest rates unchanged was universally expected. That is not to say that the policy outlook is completely clear cut. Today's surprise rate cut by the Swedish Riksbank and growing expectations that the Bank of England may step up... Employment And Growth Questioned After NFP Bloodbath Once again the U.S. monthly employment condition caught the markets, or specifically the analysts, out in regard to the negative numbers that were reported in the Non-farm payroll, initial jobless, and unemployment rate detail. The Trough part of the global business cycle takes a while to get out of, and... Newsfeed display by CaRP |
