Saturday, May 28, 2011

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Friday, May 27, 2011

Deutsche Bank: EUR/USD will decline to support at $1.3500

Deutsche Bank: EUR/USD will decline to support at $1.3500

No Minister! - UK coalition Cabinet member Vince Cable

No Minister! - UK coalition Cabinet member Vince Cable

USD/JPY - Wave Technical Analysis - 27 May 2011

USD/JPY - Wave Technical Analysis - 27 May 2011

FXCM Automated Currency Trading (FSS) Forex System Selector

FXCM (FSS) Forex System Selector - Fully Automated Currency Trading

With the Forex System Selector, Currency Trading is a three-step process. All you need to do is:

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3. Apply the systems to your portfolio and view the performance
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Forex Afternoon Overview - U.S. Personal Income & Spending Data - 27 May 2011

Forex Afternoon Overview - U.S. Personal Income & Spending Data - 27 May 2011

EUR/USD - Wave Technical Analysis - 27 May 2011

EUR/USD - Wave Technical Analysis - 27 May 2011

Forex Morning Overview - U.S. Consumer Data Release - 27 May 2011

Forex Morning Overview - U.S. Consumer Data Release - 27 May 2011

FXCM Demo Account Registration - Trading Station 2 Download

FXCM Demo Account Registration - Trading Station 2 Download

Forex Morning Review - UK Nationwide HPI - 27 May 2011

Forex Morning Review - UK Nationwide HPI - 27 May 2011

What Does a Fractal Look Like? by Elliott Wave International

What Does a Fractal Look Like? by Elliott Wave International

Wednesday, May 25, 2011

How can you make money?

Buying low and selling high or selling high and buying low is the base of making money in Forex. For example If you buy GBP against USD when each GBP is equal to $1.9554USD and then sell it when it is $2.0235USD, you have made a profit. I don’t want to focus on more details in this article and explain how the profits and the money you make will be calculated. I will talk about these topics in other articles.

But the big question is that how you can find out the best time to buy and how you can predict that if you buy, the price will go up and you will make a profit? This is the most important question that makes you a successful trader.

There are two methods to know the optimum time to buy and sell: Technical and Fundamental Analysis.

In technical analysis, you can predict the direction of the price using the the price chart analysis and also with the help of some special tools that are called Indicators.


Technical Analysis is a science and if you want to start working on Forex, you have to learn it properly, especially if you want to work as an intraday trader. It is not too hard to learn the technical analysis. If you are a focused and a serious person, you can learn technical analysis in a few months. There are a lot of free resources over the web that you can use to learn. There are some expensive training courses but those who sign up for them are not happy and believe that they have learned nothing. So don’t waste your money. If you are serious to learn, there are a lot of free resources over the Internet. You can also visit this weblog every now and then or subscribe for my RSS feed. I will try to share my experiences with you.

The other method is the Fundamental Analysis. This method is used to predict the future movements of currencies’ prices, according to the economic and even political situation of the world and important developed countries like USA, UK, Germany, Japan and… .

Fundamental analysis has a long term usage but good traders can predict the sudden changes that happen after releasing an important news about economic situation of an important country. For example when the news says that economic situation of USA is improved for 5% in comparison to the last month, USD will become stronger and people start buying it. So the value of USD will go up because of the sudden increase of demand. If you know the effect of the news on the price, you can take the proper position and make money. Of course there are two sides in this story which means if you take the wrong position, you will lose.

What currencies can you trade?

In Forex, you deal with currency pairs. There are four main currency pairs: British Pound and USD (GBP/USD), Euro and USD (EUR/USD), USD and Japanese Yen (USD/JPY), USD and Swiss Frank (USD/CHF).

In each currency pair, the first currency works as commodity and the second one works as money. For example when you choose GBP/USD to trade, if you buy, you buy British Pound against USD and if you sell, you sell British Pound against USD. It doesn’t matter what currency you have in your account. The trading software takes care of the exchanges and transactions automatically

EUR/USD - Intraday Technical Level - 25 May 2011

EUR/USD - Intraday Technical Level - 25 May 2011

EUR/USD - Wave Technical Analysis - 25 May 2011

EUR/USD - Wave Technical Analysis - 25 May 2011

Forex Morning Overview - Federal Reserve Bank Richmond - 25 May 2011

Forex Morning Overview - Federal Reserve Bank Richmond - 25 May 2011

Thursday, May 19, 2011

Goldman Sachs Lowered US Dollar Forecast -19 May 2011

Goldman Sachs Lowered US Dollar Forecast -19 May 2011

World Bank: US American Dollar's Hegemony will be Over by 2025

World Bank: Dollar's Hegemony will be Over by 2025

Canada (CA) Core Retail Sales m/m (April Data Release) 20 May 2011

Canada (CA) Core Retail Sales m/m (April Data Release) 20 May 2011

Canada (CA) Core CPI (Consumer Price Index) m/m ''April Data Release''- 20 May 2011

Canada (CA) Core CPI (Consumer Price Index) m/m ''April Data Release''- 20 May 2011

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EUR/USD: Falling on "Risk Aversion"? Let's Look at the Timeline First

EUR/USD: Falling on "Risk Aversion"? Let's Look at the Timeline First

UBS: Loonie (Canadian Dollar) will Fall to C$1.05 per Dollar by the Year End

UBS: Loonie (Canadian Dollar) will Fall to C$1.05 per Dollar by the Year End

Japanese Yen (JPY) Stands still Pending, and Preserves Downward Trend

Japanese Yen (JPY) Stands still Pending, and Preserves Downward Trend

Australian Dollar (AUD) Tends to Move Upward - 19 May 2011

Australian Dollar (AUD) Tends to Move Upward - 19 May 2011

USD/JPY - Wave Technical Analysis - 19 May 2011

USD/JPY - Wave Technical Analysis - 19 May 2011

EUR/USD - Wave Technical Analysis - 19 May 2011

EUR/USD - Wave Technical Analysis - 19 May 2011

US Existing Home Sales m/m - April Data Release - 19 May 2011

US Existing Home Sales m/m - April Data Release - 19 May 2011

Forex Morning Overview - Euro Risk-Sensitive - 19 May 2011

Forex Morning Overview - Euro Risk-Sensitive - 19 May 2011

Tuesday, May 17, 2011

Forex Afternoon Overview - Greece's Sovereign Debt - 17 May 2011

Forex Afternoon Overview - Greece's Sovereign Debt - 17 May 2011

No Deposit Free Forex Trading Bonus Broker Promotion 2011

No Deposit Free Forex Trading Bonus Broker Promotion 2011

EUR/USD (Euro/Dollar) Technical Analysis - 17 May 2011

EUR/USD (Euro/Dollar) Technical Analysis - 17 May 2011

Canadian Dollar (CAD) Took a Break - 17 May 2011

Canadian Dollar (CAD) Took a Break - 17 May 2011

EUR/USD - Intraday Technical Analysis - 17 May 2011

EUR/USD - Intraday Technical Analysis - 17 May 2011

Gold Price (XAU/USD) Technical Analysis - 17 May 2011

Gold Price (XAU/USD) Technical Analysis - 17 May 2011

Forex Daily Technical Levels - Pivots Points & Trading Scenario - 17 May 2011

Forex Daily Technical Levels - Pivots Points & Trading Scenario - 17 May 2011

USD/CHF - Wave Technical Analysis - 17 May 2011

USD/CHF - Wave Technical Analysis - 17 May 2011

EUR/USD - Wave Technical Analysis - 17 May 2011

EUR/USD - Wave Technical Analysis - 17 May 2011

Forex Morning Overview - FX Market Expectation - 17 May 2011

Forex Morning Overview - FX Market Expectation - 17 May 2011

Wednesday, May 11, 2011

Forex Trading Initiation - Continuation Patterns - Price Channel - Symmetrical Triangles

Forex Trading Initiation - Continuation Patterns - Price Channel - Symmetrical Triangles

J.P. Morgan: Japanese Yen will gradually rise vs the U.S. Dollar - 11 May 2011

J.P. Morgan: Japanese Yen will gradually rise vs the U.S. Dollar - 11 May 2011

Metatrader 5 Live Trading Account - LiteForex Real Forex MT5 Download

Metatrader 5 Live Trading Account - LiteForex Real Forex MT5 Download

Forex Brokers News - LiteForex «The Best Clients Service» Award

Forex Brokers News - LiteForex «The Best Clients Service» Award 2011

Forex Afternoon Overview- Standard & Poor's Portuguese Banks -11 May 2011

Forex Afternoon Overview- Standard & Poor's Portuguese Banks -11 May 2011

RBC Capital Markets Currency Strategists Comments on EUR/USD - 11 May 2011

RBC Capital Markets Currency Strategists Comments on EUR/USD - 11 May 2011

Gold Hits 1-Week High - Silver Regains - 11 May 2011

Gold Hits 1-Week High - Silver Regains - 11 May 2011

Gold Price (XAU/USD) Technical Analysis - 11 May 2011

Gold Price (XAU/USD) Technical Analysis - 11 May 2011

USD/CHF - Wave Technical Analysis - 11 May 2011

USD/CHF - Wave Technical Analysis - 11 May 2011

USD/JPY - Wave Technical Analysis - 11 May 2011

USD/JPY - Wave Technical Analysis - 11 May 2011

Forex Morning Overview - UK Trade & Inflation Reports - 11 May 2011

Forex Morning Overview - UK Trade & Inflation Reports - 11 May 2011

Forex Morning Review - Bank of England (BOE) Inflation Report - 11 May 2011

Forex Morning Review - Bank of England (BOE) Inflation Report - 11 May 2011

Australia (AU) Employment Change-Unemployment Rate Forecast - 11 May 2011

Australia (AU) Employment Change-Unemployment Rate Forecast - 11 May 2011

Tuesday, May 10, 2011

Forex Trading Introduction - Mathematical Trading Indicators - Technical Analysis Tools

Forex Trading Introduction - Mathematical Trading Indicators - Technical Analysis Tools

The mathematical trading methods provide an objective view of price activity. It helps you to build up a view on price direction and timing, reduce fear and avoid overtrading. Furthermore, these methods tend to provide signals of price movements prior to their occurring in the market.

The tools used by the mathematical trading methods are moving averages and oscillators. (Oscillators are trading tools that offer indications of when a currency is overbought or oversold). Though there are countless mathematical indicators, here we will cover only the most important ones.

1. Simple and Exponential Moving Average (SMA - EMA)
2. Moving Average Convergence-Divergence (MACD)
3. Bollinger Bands
4. The Parabolic System, Stop-and-Reverse (SAR)
5. RSI (Relative Strength Index)

Learn more

Gold Close to New Euro High as S&P Cuts Greece Again

Gold Close to New Euro High as S&P Cuts Greece Again

Forex Afternoon Overview - Greece Debt Crisis - 10 May 2011

Forex Afternoon Overview - Greece Debt Crisis - 10 May 2011

USD/CAD - Technical Analysis - Support/Resistance Levels - 10 May 2011

USD/CAD - Technical Analysis - Support/Resistance Levels - 10 May 2011

Forex Morning Overview - Greece Debt Problems - 10 May 2011

Forex Morning Overview - Greece Debt Problems - 10 May 2011

Gold Price (XAU/USD) Technical Analysis - 10 May 2011

Gold Price (XAU/USD) Technical Analysis - 10 May 2011

Forex Trade of the Week by Mario Sant Singh - 10 May 2011

Forex Trade of the Week by Mario Sant Singh - 10 May 2011

Monday, May 9, 2011

Forex Morning Review - Eurozone Greece Debt Restructuring - 10 May 2011

Forex Morning Review - Eurozone Greece Debt Restructuring - 10 May 2011

Forex Daily Analysis - Goldman Sachs said commodities prices will raise again

Forex Daily Analysis - Goldman Sachs said commodities prices will raise again

Sunbird MetaTrader 4 vs Regular MT4 - SunbirdFX MT4 Description

Sunbird MetaTrader 4 vs Regular MT4 - SunbirdFX MT4 Description

FINRA ''Over The Counter'' Rule 6460 Effective Date - 9 May 2011

FINRA ''Over The Counter'' Rule 6460 Effective Date - 9 May 2011

Oil Price WTI - Market Analysis - 9 May 2011

Oil Price WTI - Market Analysis - 9 May 2011

GBP/USD - Wave Technical Analysis - 9 May 2011

GBP/USD - Wave Technical Analysis - 9 May 2011

Since Standard & Poor's downgraded Greece's credit rating - 9 May 2011

Since Standard & Poor's downgraded Greece's credit rating - 9 May 2011

Gold & Silver - 9 May 2011

Gold & Silver - 9 May 2011

Forex Fundamental Analysis - Currencies Market News - 9 May 2011

Forex Fundamental Analysis - Currencies Market News - 9 May 2011


British Sterling Pound (GBP) tries to be corrected after sales

British Sterling Pound (GBP) tries to be corrected after sales

Swiss Franc (CHF) Tends to Grow - 9 May 2011

Swiss Franc (CHF) Tends to Grow - 9 May 2011

EUR/USD - Weekly Forecast - 9 to 13 May 2011

EUR/USD - Weekly Forecast - 9 to 13 May 2011

USD/JPY - Wave Technical Analysis - 9 May 2011

USD/JPY - Wave Technical Analysis - 9 May 2011

Gold Price (XAU/USD) Technical Analysis - 9 May 2011

Gold Price (XAU/USD) Technical Analysis - 9 May 2011

USD/JPY (US Dollar vs Yen) Weekly Forecast - 9 to 13 May 2011

USD/JPY (US Dollar vs Yen) Weekly Forecast - 9 to 13 May 2011

Forex Morning Overview - Greece Exiting Euro - 9 May 2011

Forex Morning Overview - Greece Exiting Euro - 9 May 2011

Forex Morning Review - Eurozone Greece Debt Restructuring - 9 May 2011

Forex Morning Review - Eurozone Greece Debt Restructuring - 9 May 2011

Friday, May 6, 2011

Japanese Yen (JPY) started to move away from local highs

Japanese Yen (JPY) started to move away from local highs

Forex Afternoon Overview - US Jobs Report - 6 May 2011

Forex Afternoon Overview - US Jobs Report - 6 May 2011

USD/CHF - Wave Technical Analysis - 6 May 2011

USD/CHF - Wave Technical Analysis - 6 May 2011

GBP/USD (Cable) Wave Technical Analysis - 6 May 2011

GBP/USD (Cable) Wave Technical Analysis - 6 May 2011

Gold Price (XAU/USD) Technical Analysis - 6 May 2011

Gold Price (XAU/USD) Technical Analysis - 6 May 2011

Gold approaching the lower limit of its medium-term bullish channel to 1462 suggesting a rebound. However a break of these levels would initiate a bearish trend. Read more

US April Jobs Data - Forex Morning Overview - 6 May 2011

US April Jobs Data - Forex Morning Overview - 6 May 2011

Canadian (CA) Employment Change/Unemployment Rate - 6 May 2011

Canadian (CA) Employment Change/Unemployment Rate - 6 May 2011

Non Farm Payroll Surprise? - Forex Morning Review - 6 May 2011

Non Farm Payroll Surprise? - Forex Morning Review - 6 May 2011

Thursday, May 5, 2011

US NFP (Nonfarm Payroll) Employment Data - 6 May 2011

US NFP (Nonfarm Payroll) Employment Data - 6 May 2011

Gold Price (XAU/USD Technical Analysis - 5 may 2011

Gold Price (XAU/USD Technical Analysis - 5 may 2011

What is Forex ?


Forex is the knowledge and business of making money through trading foreign currencies. Forex is not a new business and its history is as old as the history of money.

What is forex is a question that people ask a lot these days. There are people who have been making money through Forex from many years ago. Fortunately, with the help of computer and internet, Forex trading has become much easier. You can sit at your personal computer and trade from home without having to make any phone call or referring to any bank.

EUR/USD - Wave Technical Analysis -5 May 2011

EUR/USD - Wave Technical Analysis -5 May 2011

Bank of England UK BOE Interest Rate Decision - 5 May 2011

Bank of England UK BOE Interest Rate Decision - 5 May 2011

Wednesday, May 4, 2011

Forex Morning Review - ECB/BOE Interest Rate - 5 May 2011

Forex Morning Review - ECB/BOE Interest Rate - 5 May 2011

UK Services (PMI) Purchasing Manager Index - 5 May 2011

UK Services (PMI) Purchasing Manager Index - 5 May 2011

Australia (AU) Retail Sales Data (m/m) - 4 May 2011

Australia (AU) Retail Sales Data (m/m) - 4 May 2011

InterbankFX AU 10% Deposit Match Bonus

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Forex Morning Overview - BOE Governor King - 4 May 2011

Forex Morning Overview - BOE Governor King - 4 May 2011

Gold Price (XAU/USD) Technical Analysis - 4 May 2011

Gold Price (XAU/USD) Technical Analysis - 4 May 2011

EUR/USD - Wave Technical Analysis - 4 May 2011

EUR/USD - Wave Technical Analysis - 4 May 2011

Forex Morning Review -  ADP NonFarm Employment - 4 May 2011

Forex Morning Review - ADP NonFarm Employment - 4 May 2011

Tuesday, May 3, 2011

US ISM Non-Manufacturing Index PMI - 4 May 2011

US ISM Non-Manufacturing Index PMI - 4 May 2011

ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:

10:00am NY Time US ISM NonManufact. PMI Forecast 58.4 Previous 57.3
ACTION: 60.9 BUY USDJPY / 55.9 BUY EURUSD Read more

Stocks Rally On the News of Bin Laden's Death, You Say?

Stocks Rally On the News of Bin Laden's Death, You Say?

Australian Dollar (AUD) continues to be corrected - 3 May 2011

Australian Dollar (AUD) continues to be corrected - 3 May 2011

Japanese Yen (JPY) is getting close to highs of March

Japanese Yen (JPY) is getting close to highs of March

Crude Oil Futures Technical Review - 3 May 2011

Crude Oil Futures Technical Review - 3 May 2011

Gold Price (XAU/USD) Technical Analysis - 3 May 2011

Gold Price (XAU/USD) Technical Analysis - 3 May 2011

Forex Morning Review - UK Markets Return - 3 May 2011

Forex Morning Review - UK Markets Return - 3 May 2011

UK Manufacturing PMI - England Economic Data - 3 May 2011

UK Manufacturing PMI - England Economic Data - 3 May 2011

Manufacturing PMI is a leading indicator and it’s usually released during early month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast:

4:30am (NY Time) UK Manufacturing PMI Forecast 57.0 Previous 57.1 Read more

Forex Morning Overview - US Currency Rebounded - 3 May 2011

Forex Morning Overview - US Currency Rebounded - 3 May 2011

The U.S. currency rebounded amid fear of reprisals from Al Qaeda after the killing of Osama bin Laden Monday. The dollar had tumbled in late New York trading Monday as markets re-focused on low U.S. yields, underpinned by the Federal Reserve Board's ultra-loose monetary policy. Read more

Monday, May 2, 2011

Japanese Yen is getting weaker at the beginning of the week

Japanese Yen is getting weaker at the beginning of the week

Forex Afternoon Overview - Bin Laden Killing - 2 May 2011

Forex Afternoon Overview - Bin Laden Killing - 2 May 2011

The dollar weakened broadly Monday, as earlier dollar buying on the heels of the death of Osama bin Laden gave way to concerns about possible reprisals. Read more

4XP Investments & Trading - Free iPad2 Promotion May/June 2011

4XP Investments & Trading - Free iPad2 Promotion May/June 2011

US ISM Manufacturing PMI - Forex Trading News - 2 May 2011

US ISM Manufacturing PMI - Forex Trading News - 2 May 2011

Gold Price (XAU/USD) Technical Analysis - 2 May 2011

Gold Price (XAU/USD) Technical Analysis - 2 May 2011

EUR/USD - Wave Technical Analysis - 2 May 2011

EUR/USD - Wave Technical Analysis - 2 May 2011

Forex Morning Overview - Bin Laden Killed - 2 May 2011

Forex Morning Overview - Bin Laden Killed - 2 May 2011

Bin Laden was killed in a targeted assault near Islamabad, according to a U.S. official. A Pakistani intelligence official described the raid as a "highly sensitive" joint intelligence operation. Read more

Forex Morning Review - Bin Laden Dead - 2 May 2011

Forex Morning Review - Bin Laden Dead - 2 May 2011