Forex Trading Tips and Reviews

Forex: USD/JPY hovering above 81.50
FXstreet.com (Barcelona) – Wednesday’s strong recovery from one-month low at 81.25, was capped 82.80 before retreating all the way on Thursday, to find support at 81.40, and the pair has remained
PROVEN FOREX RANGE BAR TRADE – TradingFX.com Charts

Which currencies to sell short?

its a portfolio simulation, I have a USD$1 million and we are supposed to trade currencies for a college assignment, any idea which currencies are going down vs USD?

It would really be better if you make the decisions yourself – that’s how you learn.

Check out the trends from the charts here:

http://forex.tradingcharts.com/charts/index.php?sym=EURUSD

Otherwise, get some ideas here:

http://www.babypips.com/

http://www.forex-trader.com/menu.htm

http://www.dailyfx.com/

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Citi Continues to Expand CitiFX Pro
NEW YORK–(BUSINESSWIRE)– Amid changes in the marketplace, Citi continues to expand the services of CitiFX Pro, its margin foreign exchange trading platform for small- to mid-sized institutions …
Forex trading

when do you use a limit order and when do you use a stop order in trading forex?

I am a new student of Forex and realize both offer buy and sell options, both allow a predetermined price, I know the stop order is not guaranteed and the limit order is. I don’t know when the use of one is more appropriate than the use of the other.
my email is no longer AOL
please send to ttone4@yahoo.com

I assume you know the difference between a market order and a limit order.

A STOP order means you tell the computer what to do, and then you can get up and leave. The computer will send a buy or sell order as if you were there to enter the order yourself.

Of course, you must tell the computer when you want your order to be sent. The STOP PRICE tells the computer when to send your order. For example, it may send it only if XYZ hits 3.05.

BUY 40 XYZ @ MARKET
STOP PRICE = 3.05

The computer that does this automatic trading is not your computer but the central computer where trades are routed. So, you can enter a STOP order and turn off your computer and leave. The central computer will watch the price for you and send your order when it’s time.

Unfortunately, in a fast market, the prices may gap up several points and may jump over your STOP PRICE. The computer doesn’t know if you want to buy the stock on the way up or on the way down, so it will sit there and not do anything if the price jumps through your stop price. In this case, your order is not sent. So, a computer is not as smart as a human. It will only send your order if the stop price is EQUAL to the price of XYZ.

Let’s say that XYZ is trading now at 3.60. You want to buy XYZ if it breaks out above 5.40. Unfortunately, you can’t tell the computer to buy XYZ if it goes above 5.40. You have to provide ONE specific price that will trigger your buy order. So, you better come up with a price that is likely to be hit. You might pick 5.50. So, you would send this order:

BUY 40 XYZ @ MARKET
STOP PRICE = 5.50

You get up and leave. If XYZ starts to move up, it may hit 5.50. And in this case, the computer will send your buy order for you while you’re away.

Let’s look at another example. XYZ is trading around 14.70 and you want to sell your position in case the price drops below 13.12. Again, you can’t tell the computer to sell below 13.12. You must come up with an exact price where you want the computer to send a sell order. So, let’s say you do this:

SELL 70 XYZ @ 13.08
STOP PRICE = 13.10

This is an example of a stop limit order. Once XYZ hits 13.10, the computer sends your limit order.

LIMIT and MARKET orders are sent to the pit where they appear on the market makers’ screen. Market orders are executed immediately, but you may have to wait for a limit order to get filled.

The STOP orders do not get sent to the same place. The STOP order is sent to your broker’s central computer, and it stays there. When the STOP PRICE is reached, this central computer sends your order to the marketplace.

So, if you send a simple stop order to buy at a certain price, the market makers can’t see your order as long as it is sitting there. But if you send a limit order, the traders and market makers will see your order, and it may affect the price.

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Guest Commentary: QE2 is Damaging the Economy and Reducing GDP Growth
QE2 is going to go down as one of the worst monetary policy initiatives in the history of the modern Federal Reserve era. On almost any metric applied, QE2 ends up not only falling well short of its proposed goals, but actually turns certain metrics like GDP growth negative compared with the prior quarter, and heading in the wrong direction.
Day Trading For a Living What Does it Take?

currency trading for beginner…?

how do i get started with currency trading? are there any online courses anyone could recommend? has anyone a success story to share? what are the main points i need to know? do i have to invest more than 1000 pounds to get started? any help appreciated… thanks.

You pretty much need to understand the amount of worth, to whatever you plan to exchange it to. Easy as that. Then you need to follow, how much it changes.

You buy foreign currency, while it is low. You hold on to that, till it jumps in price. Enough till you make a profit. It’s up to you, to figure out how much to buy. Depends on how much you are willing to lose, and how long you are willing to wait.

I would try it, with a few different currencies, that way you can up your chances. If the currency you chose, does not raise in price, hold on to it longer. If after a year, you see no change, get your money back. If within that year, it has a slow, but constant raise, hold on to it. If you see a dramatic raise, sell it off for profit.

After a while, you will get the hang of it, and you should see a profit within a few months, if you are lucky.

Introduction Online Currency Trading For Beginners!

Spot Value date in a foreign exchange market?

On Friday 4th December, a Banco Santander forex dealer in Madrid agrees with a Royal Bank of Scotland dealer in London to sell Euros against Sterling Pounds on a spot basis. Given that the 5th and 6th December are non-trading dates being the weekend and given that the 8th December is a public holiday in both Madrid and London, the currencies are traded for value

for help ; open the second & fourth link on : Www.total-forex-trading.info

A Forex Tutorial On How The Forex Market Works | www.HowToForexTrade.net

What is the industry, balance of trade, and currency/exchange rate of Egypt?

1. Industry
2. Balance or trade
3. Currency/exchange rate

Industry

http://www.mfti.gov.eg/English/index.htm

balance of trade

http://www.nationsencyclopedia.com/Africa/Egypt-BALANCE-OF-PAYMENTS.html

Currency/exchange rate

http://www.cbe.org.eg/

Libya’s Gaddafi, Never Surrender

What are the RBI guidelines for Forex Trading in India?

RBI has very severe laws if you trade INR against any other currency without prior permission from RBI. You need to have a forex trading lisence from RBI. If you trade without the permission of RBI, you can be jailed upto 6 months or fined Rs. 10,000.

In order to secure a lisence you need not go to the RBI office. Instead open an account with reputed forex broker. They will get you the lisence and other legal requirements. Good brokers in India are: Reliance Money, Motilal Oswal and Velez Capital. Presently you are only allowed to trade USD/INR that too with very high spreads.

How To Make Money On The Forex Market: 5 Golden Rules

One way to become rich?

Some people say there is no formula to become rich. Well, de facto there is such a formula. It’s called “geometric progression”. Take for example the order of numbers: 2,4,8,16- what is obvious when looking at them? Well, its seen that evey number is multiplyed by a fixed ratio: 2×2=4; 4×2=8; 8×2=16. The common ratio is 2.

there is nothing in the world when it comes to savings as COMPOUNDING. free money on top of free money and it just keeps going from that….

Forex Margin Call Madness