www.fxtrainingzone.com EUR/USD long trade based on the close of the 19:00 (BST) candle. I entered on a pull back to the 8EMA on the 1H: - 4H closed above the bearish engulfing candle on the 15-05-2009 (16:00). - Belt holding signal candle close on the 4H chart which has found support off the 8EMA. - Price action placed a higher high on the 1H (by 2 pips) . - Hammer formation on the 1D which has found support on the 21EMA showing momentum to the upside.
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Australian Dollar at Potential Turning Point Ahead of RBA, US Fed
The Australian Dollar finished the week effectively unchanged against its US namesake, seeing considerable volatility in a week leading up to a contentious Reserve Bank of Australia interest rate announcement.
The “Kishore M Course” is a famous Forex trading course created by a Singaporean Hedge Fund manager by the name of Kishore M. I would like to share my opinion on this Forex learning course with you.
Truth #1:
The Kishore M course is held more than twice a year in KL and Singapore due to the high demand of normal citizens that are hungry for financial education. Last Oct 08, there were more than 100 students in KL alone. I would say that not everyone will succeed after a seminar because his or her success depends alot on the determination of the individual. He/she needs to keep practicing to polish up his/her skills; be it Forex trading or anything else.
Truth#2:
What I like most about Kishore M is that he makes everything so easy to understand. I could get his concepts even though I’ve never traded in my life, be it Eur/USD or Forex options. Instant FX Profits was definitely helpful for a beginner like me. The Kishore M course is a huge community, with many graduates coming back to share their experiences with newbies. Forex Trading Seminar Singapore
Truth #3:
They do have weekly coaching support and monthly newsletter & meetings open to all graduates. I find it helpful as Kishore will share her outlook of the current market with all his students. It is at the weekly coaching sessions that I was able to get hold of the strategies taught during the seminar. Not every graduate can attend the after-seminar coaching sessions due to work or family matters, that is why everyone progresses at different levels.
If you are someone keen on mastering Forex trading, it’s advisable to learn from a reputable guru. It does save you from losing money to the market. Forex Trading Seminar Singapore
EUR/CHF Classical 10.29
EUR/CHF: The market could finally have found a major base by the recently set record lows at 1.2765, with weekly and monthly studies starting to correct. The cross has finally managed a close back above some major falling trend-line resistance from May to further encourage the prospects for a shift in the trend and additional recovery over the coming weeks. Next key resistance comes in by 1.3820 …
Canadian Dollar Forecast Calls for Strength against USD
USDCAD The ratio of long to short positions in the USDCAD stands at 2.17 as nearly 68% of traders are long. Yesterday, the ratio was at 1.90 as 65% of open positions were long. In detail, long positions are 7.3% higher than yesterday and 1.6% stronger since last week. Short positions are 6.0% lower than yesterday and 1.2% stronger since last week. Open interest is 2.7% stronger than yesterday …
Forex Currency Trading is affected by several factors which are mostly external to an individual. Most important of these are GDP, trade reports, unemployment and interest reports.
One beauty of FX trading is that there is no lag in the dissemination of information across the globe. It is released simultaneously and becomes available to everyone equally online or offline.
This is unlike online stock trading where one remains ignorant for a considerable period of time about the news affecting the volatility of a stock. Foreign Exchange Accounting Canada
Most of the times in the stock market, an investor is in the dark regarding the causes of movement in a particular stock. Investors come to know about the causes like insider trading, law suits, revision in earnings etc. much after the market has reacted and absorbed the news.
Only few people have the right information at the right time in stock trading. As a result, most of the investors are at the receiving end in this market.
This is not the case in currency trading. Here all the information that affects a particular currency becomes known to everyone instantaneously in the whole world. There is hardly any role for insider trading or behind the scene news in a forex market. So information is more open. Foreign Exchange Accounting Canada
Almost every online forex trading platform maintains a global economic calendar. This calendar indicates the major forthcoming economic, financial and business related events all over the world and which can have important bearing on foreign exchange market.
All one has to do is to keep a tab on these important events and their positive affects. If one can analyze them properly, it is possible to benefit considerably overtime.
Aforesaid factors which are having a major bearing on currency exchange are fundamental in nature. Coupled with technical analysis, these are of substantial aid to any forex exchange player.
Of course it is not easy to watch or keep a tab on all the factors that affect foreign exchange trading sentiment. They change in importance over time and condition. But the information is available to anyone and for use to one’s benefit. One can react immediately to any new information. Foreign Exchange Accounting Canada
In stock markets, one is always faced with trading hours restrictions, closing and opening bells and unknown information. Forex markets are credited with 24 hours availability, open information and ease of use. One is not faced with restricted trading hours and one can trade from a few minutes to long hours.
In North America or Western Europe, people know a lot about stocks and bonds. But the rest of the world deals in currency. As there is more of globalization, online currency trading will get a further boost.
Most important GDP figures that affect forex trading are those of USA, Japan, Canada, Australia and Britain. China is also expected to be a major force in online paper trading in not that distant future.
One can do forex currency trading from anywhere in the world. All one needs is a computer and a forex trading platform. As soon as one gets some important economic or financial news, one can react accordingly in real time. Foreign Exchange Accounting Canada
FOREX: US Dollar Tumbles as Focus Returns to Fed QE After G20 Summit
The Euro and the British Pound advanced amid broad-based US Dollar weakness in Asian trade (see below), adding 0.6 and 0.5 percent respectively. We remain flat EURUSD and GBPUSD .
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www.ForexCoachingPros.com http Stephen Story (forex trader, Coach, Author) discusses how to trade in high probability circumstances for maximum profits.
