In the past individual investors had very limited choices for investing their available finances, such as investing in stocks, which are high-risk and may fall behind their value in few minutes without warning. Small financial entrepreneurs had little alternative, they could invest in goods like ores and securities but they had to wait for a long time period before they could obtain any earnings from such ventures.
Today the financial market stays as is except for the forex market, the new rewarding venture that appeals 1000s of small investors. Forex is a real time trading market that involves the purchasing of one currency while selling a different one.
The special attribute of forex real time trading is that you can monitor the market live, without brokerage firm. A real time forex trader can make deals at any moment as the FOREX market works 24/7, which gives investors the chance to make currencies transactions at every given moment.
There are few vital tools that all forex traders must have and one of them is an automated forex trading system that allows traders to buy and sell currencies automatically via the internet.
Imagine jumping out of bed every morning looking forward to seeing what the automated Forex trading system has made for you !! Getting up will no longer be a chore, you will be itching to get up and check your computer knowing that the software has been working away religiously, funnelling money into your bank account with absolute consistency while you sleep.
ForexReviewed.info is a site dedicated for private investors and forex beginners that need a little push to understand which automated forex signal service to choose for the profitable financial tour they are about to take. They are available 24/7 to offer you the most updated reviews that every online forex trader must read.
Forex and Stock Traders that have success. I know that You won't tell me how to actually trade Your system or method, but i am just saying,....it would be a really good thing if You did. You don't know how I feel trading for 4 years, everyday, trying out differnet methods. none of them work. I'm just saying it would be a really goo dthing if You told me. I am in such stress right now, and please, don't tell me to take a break from Forex. Do You remember when You first started trading FOREX? It was really hard. And then, You found something, a secret of the Market trading. Well, I am using all differnet kinds of indicators, methods, systems, advices, and they don't work. Please, I don't want to quit with 4 years of wasted time in my life. Just send me an email....Dan7974@yahoo.com
Thank You.
p.s. again, I would be very happy if someone owuld help me.
4 years is a long time. Do you have any mentor ? Maybe you should ask around ? There are bascially 3 things in Forex you must remember. 1. Money Management. 2 Trade management 3 Trading Psychology. All 3 must work. 80% of the time traders especially novice spent 80% of their time twitching their system. Which is important. But you can get it right but nver see you Acct Equity grow. Becasue to see it grow. You need the other 2 legs, Trading psychology. And Money Management. If you have never heard of this before its time to take a "break" i know you hate to hear that word. But to jump higher you need to flex your knees and go down abit. So take a break, restrategise, do some reading, do a course, get a mentor. To break a habit takes 30 days. Its a battle out there. And its a mental battle. So behave as if you are in a battle. You are the general of your Forex Army, namely your equity. There are some resources here might help you so do take a look. And drop me a line if you need some more pointers. If i were you, start with Dr Alexander Elder's Trading for a living and Come into my Living Room. And also get the work book. But please, take a break and restrategise. Dont "revenge" trade. There is a fine line between "gambling" and "Trading". Also another fine line between "Addiction" and "Working". Whatever it is i have been there. No insult intended.
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Daily Market Commentary for December 4, 2008 from Millennium-Traders.Com
In an attempt to help the failing housing market, treasury is proposing to reduce mortgage rates and/or possibly offering tax incentives for new home buyers. (read more) http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
Jobless Claims: U.S. Jobless Claims for week of November 29 fell by 21K to 509K compared to survey of an increase by 11K; U.S. Continuing Claims for week of November 22 rose by 89K to 4,087,000; U.S. Jobless Claims Revised for week of November 22 Week to 530K from 529K.
Factory Orders: U.S. Factory Orders in October fell by 5.1 percent compared to consensus of a drop by 5.4 percent; October U.S. Factory Orders, Excluding Transportation fell by 4.2 percent; October U.S. Factory Orders, Excluding Defense fell by 4.3 percent; October U.S. Durable Goods revised to a drop by 6.9 percent from a drop by 6.2 percent; September U.S. Factory Orders revised to a drop by 3.1 percent from a drop by 2.5 percent.
At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price: DOW (Dow Jones Industrial Average) triple digit loss of 215.45 points to end the trading session at 8,376.24 NYSE (New York Stock Exchange) triple digit loss of 173.29 points to end the trading session at 5,232.26 National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 46.82 points to end the trading session at 1,445.56 S&P 500 (SPX) loss of 25.52 points to end the trading session at 845.22 FTSE All-World Index data excluding U.S. (AW01UK) loss of 1.99 points to end the trading session at 136.67 FTSE RAFI 1000 loss of 87.13 points to end the trading session at 3,259.80 BEL 20 (BEL20) gain of 0.31 points to end the trading session at 1,848.32 CAC 40 (CAC40) loss of 5.49 points to end the trading session at 3,161.16 FTSE100 (UKX100) loss of 6.35 points to end the trading session at 4,163.61 NIKKEI 225 (NIK/O) loss of 79.86 points to end the trading session at 7,924.24
New York Stock Exchange (NYSE) stock market indicators for the trading session today: Advanced stock prices 843, declined stock prices 2,322; unchanged stock prices 63; stock prices hitting new highs 7 and stock prices hitting new lows 93. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Apache Corporation (NYSE: APA) stock price shed 7.02 points on the trading session, high on the trading session $71.82, low on the trading session $63.95 with a closing stock price at $65.50; Jo-Ann Stores Incorporated (NYSE: JAS) stock price shed 1.07 points on the trading session, high on the trading session $13.04, low on the trading session $11.74 with a closing stock price at $12.72; Aeropostale Incorporated (NYSE: ARO) stock price gained 1.21 points on the trading session, high on the trading session $17.24, low on the trading session $14.54 with a closing stock price at $16.15; Collective Brands Incorporated (NYSE: PSS) stock price gained 1.94 points on the trading session, high on the trading session $9.81, low on the trading session $7.68 with a closing stock price at $9.20; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 3.62 points on the trading session, high on the trading session $144.05, low on the trading session $124.24 with a closing stock price at $138.62; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 1.42 points on the trading session, high on the trading session $70.65, low on the trading session $66.04 with a closing stock price at $67.53; ProShares Ultrashort Real Estate (NYSE: SRS) stock price gained 2.38 points on the trading session, high on the trading session $124.63, low on the trading session $102.69 with a closing stock price at $117.80; CME Group Incorporated (NYSE: CME) stock price shed 5.49 points on the trading session, high on the trading session $191.90, low on the trading session $174.32 with a closing stock price at $176.80; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 3.41 points on the trading session, high on the trading session $54.89, low on the trading session $48.99 with a closing stock price at $49.40; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price gained 5.23 points on the trading session, high on the trading session $98.37, low on the trading session $89.37 with a closing stock price at $95.80.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today: Advanced stock prices 882; declined stock prices 2,005; unchanged stock prices 117; stock prices hitting new highs 4 and stock prices hitting new lows 128. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AeroVironment Incorporated (NasdaqGS: AVAV) stock price gained 1.16 points on the trading session, high on the trading session $34.19, low on the trading session $29.69 with a closing stock price at $32.07; Synopsys Incorporated (NasdaqGS: SNPS) stock price gained 2.09 points on the trading session, high on the trading session $18.18, low on the trading session $16.46 with a closing stock price at $17.18; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 0.83 points on the trading session, high on the trading session $119.86, low on the trading session $111.82 with a closing stock price at $114.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today: Advanced stock prices 229; declined stock prices 404; unchanged stock prices 56; stock prices hitting new highs n/a and stock prices hitting new lows 35.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts: E-mini S&P 500 (ES): End of trading session price 848.25; Change for the trading session -21.00 E-mini NASDAQ-100 (NQ): End of trading session price 1,135.00; Change for the trading session -21.00 E-mini DOW $5 (YM): End of trading session price 8,412; Change for the trading session -176 E-mini S&P MidCap 400 (MF): End of trading session price 488.50; Change for the trading session -11.40 E-mini S&P Small Cap 600 (HS): End of trading session price 238.30; Change for the trading session -6.30
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting: Euro 0.7831 to U.S. Dollars 1.2770 Japanese Yen 92.18 to U.S. Dollars 0.0108 British Pound 0.6818 to U.S. Dollars 1.4668 Canadian Dollar 1.2771 to U.S. Dollars 0.7830 Swiss Franc 1.1951 to U.S. Dollars 0.8368
COMMODITY MARKETS:
Energy Sector - Nymex: Light Crude (January 09) shed $3.12 on the trading session for a closing price of $43.67 per barrel ($US per barrel) Heating Oil (January 09) shed $0.07 on the trading session for a closing price of $1.51 a gallon ($US per gallon) Natural Gas (January 09) shed $0.33 on the trading session for a closing price of $6.02 per million BTU ($US per mmbtu.) Unleaded Gas (December 08) shed $0.07 on the trading session for a closing price of $0.97 a gallon ($US per gallon)
Metals Markets - Comex: Gold (February 09) shed $5.00 on the trading session for a closing price of $765.50 ($US per Troy ounce) Silver (March 09) shed $0.07 on the trading session for a closing price of $9.52 ($US per Troy ounce) Platinum (January 09) shed $6.30 on the trading session for a closing price of $798.80 ($US per Troy ounce) Copper (March 09) shed $0.09 on the trading session for a closing price of $1.47 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.): Lean Hogs (October 09) shed 0.73 on the trading session for a closing price of 63.65 Pork Bellies (February 09) shed 0.90 on the trading session for a closing price of 91.10 Live Cattle (February 09) shed 1.00 on the trading session for a closing price of 83.08 Feeder Cattle (January 09) shed 0.25 on the trading session for a closing price of 88.10
Other Commodities - Chicago Board of Trade (cents per bushel): Corn (March 09) shed $14.25 on the trading session for a closing price of 334.00 Soybeans (January 09) shed 19.00 on the trading session for a closing price of 811.00
BOND MARKET: 2 year Bond closing price 100 27/32, +5/32, Yield 0.82, Yield change -0.06 5 year Bond closing price of 102 9/32, +17/32, Yield 1.52, Yield change -0.11 10 year Bond closing price 110 12/32, + 29/32, Yield 2.56, Yield change -0.10 30 year Bond closing price 127 25/32, + 2 9/32, Yield 3.06, Yield change -0.10
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.
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About the Author
Where to get immediate forex news?
Hi there I am wondering if where to get forex news immediately. I currently use Forex Factory calendar to get updated and trade the news asap. But most of the time, the news shared is not fast enough
I really appreciate the work done by Forex Factory but I wish to ask if someone knows which is fastest to get forex news. Please give suggestions of either free or paid services. I am just interested to know.
Thank you
I think Bloomberg and roiters provide the best services right now.
If you want unpaid services I think the best way is to open an account with forex.com and use their trends.
I think the minimum amount needed is 50 S and you do not have an obligation to trade.
I will post quotes on my website www.freenotpaid.com in a couple of days. For now i have just online movies.
Which Forex Trading Signals Tend To Be More Trustworthy: Fundamental Or Technical?
For FREE Report regarding high quality, extremely profitable Forex Robot Software and Automated Forex Trading Systems, click the link in the resource box below.. Forex Robot Software typically uses Technical Analysis to generate signals and are performing at exciting levels.. Concurrently, it is surely a fact that any financial report or announcement will influence the market. Generally there is lots of volatility around the time of any forex news. To some degree this is foreseeable, since nearly all economic information are introduced at pre arranged times. This means that even traders who are totally committed to technical analysis for their forex trading alerts would have to know the forex news calendar, just so they are able to remain out of the market each time a news release is expected. So how can we base forecasts on a chart that merely records the price actions of the recent past? It may help if to think about a currency price like it had some of the attributes of elastic. It can extend to certain limits, after which it'll bounce back. It may not bounce back to exactly where it was prior to; it could possibly stop short or move further, but it will not likely carry on moving in the same direction forever. Technical analysis tools provide us a thought of the energy of a trend so that we can anticipate how far the price will expand and when it could turn back. However, this does not really explain how many prosperous traders who base their own forex trading signals and systems on trends identified with technical analysis resources. Surely for the newbie, a superb grounding in charts and indicators is important. Proponents of fundamental analysis will argue that it is the fundamental factors such as rate of interest changes, GDP, sales and employment statistics, etc, that drive the foreign currency markets and for that reason the only trustworthy forex trading alerts are based on these monetary elements. A few actually point out that technical analysts are just looking over the past, imagining patterns from out of chaos, and cannot perhaps hope to forecast any potential price actions. Which is better? This is a tough question, and one that forex traders do not always consent on. Either can give effective forex trading signals. It is accurate that dialogue on the web has a tendency to center on models dependant on technical analysis but that doesn't necessarily indicate that these types of methods tend to be successful. They're perhaps simpler for the home trader to gain access to, and surely quicker for most people to understand without the need to know a lot about economics or international affairs. The type of forex trading signals which are required will depend on one thing above all else: which kind of forex market research you want to utilize. The two varieties, naturally, are fundamental analysis, which is structured around monetary performance indicators; and technical analysis, which depends upon charts and statistical indicators.
About the Author
Forex Robot Arena Report Blog � http://www.forexrobotarena.com/robotblog For more information regarding high quality, extremely profitable forex trading robot software, all with 100% money back guarantees, goto http://www.forexrobotarena.com
Would anyone like to run a forex website?
I originally wanted to build a program to hold all my trading resources together, but I thought why not make a website that can do the same for me, and be of use to other people?? So this website will have things from everywhere, currency rooms, news linked to the currency charts like on Google finance, financial new, trading lessons, articles on investing and various trading instruments, blogs for the users, economic calendars also hopefully linked to the charts, and any more useful trading resources that may come across.
If anyone wants to help supply and manage the content, news, lessons, articles, currency quotes etc... please say so! We'll be in contact.
Or
Is anyone interested in using such a site??
hi adrian,
do you already have a domain name? if you are still looking, you may check the following site. it is currently for sale. you may submit your bid if you like it.
Trading breakouts could be like gambling with your money if you are not knowledgeable with the data i.e. the fundamentals. However, if you really would love to trade breakouts and be able to generate over a 100 pips within a short time, then you have to know more about the fundamentals of Forex trading as well as the technical indicators.
The two major news events that trigger breakouts are:
1.) Interest rate decision. 2.) The non-farm payroll from the united states.
One thing you need to know about breakouts is this; before such news is released, the market looks usually quiet but tends to move in favor of the erring currency in the pair and if it's the base currency, the currency pair usually moves higher than usual before the breakout. The same happens if the erring currency is the counter, this time in the opposite direction. You should also notice a squeeze in the Bollinger as if tightening up, and in the process of releasing something. I use the 62 band Bollinger.
I should tell you this about breakouts though, the currency pair usually tends to test its last resistance or support point before it finally makes a strong rally upwards or downwards.
<strong>Now how do I prosper from this?</strong>
I know there are lists of forex calendars used in confirming economic news events. I use the fxstreet, forexfactory and dailyfx to mention but a few. I love the forexfactory however, because you can configure the exact time of news event to your computer time in your country.
When the news comes out do not be in such a rush to enter the trade but check with your forex calendar. In the case where such news was bearish for the currency pair say GBP/USD, which means favorably for the dollar, find out where the currency pair is and then place your pending order say thirty to fifty (30-50) below the price without a stop loss because the currency pair will always hit you out on your stop loss because of the spike and still continue with its new found trend.
Remember, when trend forms, it stays that way for a while and you could actually profit ensuring you take your trades in line with the trend.
Do not be discouraged however, when you did not get what you actually planned to get out of the market. Remember, there are other opportunities.
Lest I forget, ensure you place your profit point on your pending trade. The least I suggest should be about seventy (70) pips.
About the Author
I'm just a startup guy with quite a load of experience and still counting. Experience they say is usually the best teacher, however, I will be glad to learn from all your great resources for knowledge on its own has no barrier and no end for he who must continually progress. http://forexpavillion.googlepages.com.
What time does the Wellington NZ FOREX market open and close?
I have looked online and I can't find the trading hours. I am compiling a trading calendar.
Thanks.
Hello, regarding Wellington it opens at5:00 pm(EST) and closes at 1:00 am(EST) .
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