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Ten Ways for Real Time Forex Traders to Stay Focused Part I
Wednesday, January 13, 2010 - 7:22am | 379Read More...Here are the first five ways in which a real time trader can remain focused: A probability game: Every trader must understand that winning or losing in the forex market depends upon probabilities. Therefore, s/he needs to understand that all a trading system can provide is the knowledge of trading...
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YEN is the Night’s Big Performer
Tuesday, January 12, 2010 - 10:50am | 248Read More...The US Trade Deficit has just been posted registering a rise to $36.4 Billion against expectations of $34.6B. Deeper analysis showed that exports to China increased to new highs of $7.3 billion but that the fewest barrels of oil were imported since February 1999. During the night, official remarks...
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Currency Pairs – USD/JPY (US Dollar/Japanese Yen)
Tuesday, January 12, 2010 - 2:19am | 208Read More...Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the USD/JPY (US Dollar/Japanese Yen) pair: Due to the presence of a currency of an Asian country (Japan), this currency pair is the most active trading vehicle in the Asian time...
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Euro Benefits from Renewed Risk Appetite
Monday, January 11, 2010 - 7:30pm | 136Read More...China’s exports rose dramatically in December by 17.7%. This result was the first growth in 14 months and provided the markets with fresh optimism that global recovery could well be on the way. The Euro also found support from the posting of the French Industrial production figure today that...
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Strong Chinese Data Stresses Dollar
Monday, January 11, 2010 - 9:53am | 193Read More...The EURUSD spiked higher during the night climbing to 1.4540 before retracting to its present 1.4520 (see hourly chart). The dollar has been under pressure since the release of the disappointing Non-Farm Payroll figure last Friday that reported further US job losses of 85k. The dollar’s problems...
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Currency Pairs – GBP/USD (Great Britain Pound/US Dollar)
Monday, January 11, 2010 - 9:12am | 313Read More...Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the GBP/USD (Great Britain Pound/US Dollar) pair: It is also known as the Cable and is more volatile than the Euro and the Swissy, with its daily trade clocking up to 130 Pips...
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Currency Pairs – USD/CHF (US Dollar/Swiss Franc)
Friday, January 8, 2010 - 11:21am | 198Read More...Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the USD/CHF (US Dollar/Swiss Franc) pair: Also known as the Swissy, the CHF is sometimes volatile, since it has the lowest liquidity of the four Majors. This means that the CHF...
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Poor NFP Shapes Forex Landscape
Friday, January 8, 2010 - 10:13am | 164Read More...The US Change in Non-Farm Payrolls has just been announced, posting a surprising drop of 85k. In addition, these figures were made worse because they also comprised losses of many good quality jobs, including 21k government employees. In response, the EURUSD has surged already by over 100 pips to...
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Gloomy Minutes Hover Over Buoyant Dollar
Thursday, January 7, 2010 - 7:14pm | 126Read More...The Dollar has been well-bid today after the announcement of a strong US Weekly Initial Jobless Claims Report earlier this morning. These figures have helped support the opinion that tomorrow’s crucial Non-Farm Payrolls could post a positive figure for the first time in two years. The Euro...
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New Broom Sweeps YEN Under the Table
Thursday, January 7, 2010 - 9:21am | 194Read More...Statements from the new Japanese Finance Minister caused the YEN to plummet against other major currencies overnight. He commented that Japanese firms preferred the USDYEN at about 95.00 and that efforts will be made to bring the pair to this desired level. After these aggressive remarks, the...
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Currency Pairs – EUR/USD (Euro/US Dollar)
Thursday, January 7, 2010 - 8:34am | 370Read More...Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the EUR/USD (Euro/US Dollar) pair: The Euro is considered anti-USD since any decline in the latter leads to an increase in the value of the former and vicé versa. Any good...
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FOMC Minutes Undermine Dollar
Wednesday, January 6, 2010 - 7:27pm | 134Read More...The FOMC minutes released earlier today surprised the markets by mentioning that there may be a need for further US economic stimulus. They also contained comments stating that the winding down of the central’s mortgage purchases could harm the housing sector as well as pointing out that continual...
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Dollar Struggles After Weak ADP
Wednesday, January 6, 2010 - 10:09am | 235Read More...The YEN weakened against both the Dollar and the Euro during the night with the USDYEN rising by over 100 pips to highs of 92.50 whilst the EURYEN surged even higher by 130 pips to 132.80. Both pairs have given back some ground in the last hour. Just recently, the US ADP Employment Change for...
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Using Technical Analysis In Forex Trading
Wednesday, January 6, 2010 - 9:12am | 273Read More...Technical Analysis involves analyzing charts and diagrams to understand price and/or movement of a currency pair in the past in order to predict the future. This analysis is based on three principles: 1. It aptly considers that there are many other reasons for the forex market movement besides the...
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What Separates Good Forex Traders from Bad ones?
Tuesday, January 5, 2010 - 7:22pm | 526Read More...FOREX trading is a very complicated business and beginners must proceed with caution if they wish to acquire the confidence and skills necessary to first survive and then profit. In order to achieve this goal, you will need a well-constructed, methodical and easy-to-follow plan that will help you,...
