Sunday, February 1, 2009

Forex Factory Forex Predictions

Are you looking for the best Forex Factory Forex Predictions as voted by the members of the Forex Factory?

If your not familiar with the Forex Factory, it's currently the most popular Forex Forum online today, giving you up to date news on just about anything Forex related.

One powerful thread where posters have delivered vast information on a daily basis is the Forex Predictions thread.

Forex Predictions are a tool every Forex Trader seeks to acquire when trading on various currency pairs. Being able to predict the market would obviously make the Forex game a darn sight lot easier.

Here, in the Forex Predictions thread users have posted their best and worst Forex prediction software available on the market right now.

Just to clarify what Forex prediction software can actually do - it simply trades within the margins you have input, being your stop loss and take profit margins - snatching pips and scalping trades on autopilot 24/7.

Forex Prediction software doesn't so much predict a currency pairs outcome, but it will allow you to conduct automated trading within tight margins. Here, prediction software will forecast the best rate at which to sell in order to accumulate the highest rate of return.

The Forex Factory is an excellent place to gauge real life traders feedback from various software packages and compare what works well for many traders and what doesn't.

Being able to master Forex Predictions, which for every trader would be gold - are now the hottest Forex software systems selling on the Forex market today.

Wednesday, January 7, 2009

USDCHF Analysis

USDCHF might be forming a cycle top at 1.1277 on daily chart. Pullback to retest 1.0366 previous low support is expected in next several days. A break below this level will indicated that the long term downtrend from 1.2296 has resumed, and the next target would be at 0.9800 zone. However, above 1.1277 will signify lengthier correction of the long term downtrend is underway, and further rally could be seen to 1.1500 level.

For long term analysis, USDCHF has formed a cycle top at 1.2296 on weekly and monthly chart. Further fall to retest 0.9634 (Mar 17 low) support could be seen.

usdchf daily chart

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Tuesday, December 30, 2008

Forex Options Trading - How Different is the Forex Market?

The largest market in the world is also the most liquid. The foreign exchange market is such a tempting business to get into that so many people attempt but fail. This market represents the international currency market where people from all over the world can buy and sell currencies for profit.

Several factors affect how a currency's value can rise or dip and that is what makes forex trading a rather risky one to get involved in. One major factor that affects the international currencies is the different demand-and-supply conditions in the different economies.

The bottom line is profit, which can be achieved by buying low and selling high. One can take advantage of the endless fluctuations in prices of the currencies; play their dice well, and profit substantially.

The forex market is different from all other financial markets and the differences include:

* More factors affect the change in values

* Individuals, small business, and the large corporations can all play the game and win

* So many people are trading real-time, everyday and that makes the forex market the most liquid one in the world.

* Almost nonstop operations - 24 hours a day for 5 days every week

* Forex Options also in position on sat and sun.

For those who are contemplating to begin investing in currency trading, it would help to sign up for demo accounts from any of the forex websites that offer the service. These demo accounts can help the beginner try out the market first before he invests real money.

Timothy Stevens is a Forex Options Trader who owns http://www.NonDirectionTrading.com - He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit http://www.NonDirectionTrading.com/members/FreeReport.htm

Article Source: http://EzineArticles.com/?expert=Timothy_Stevens

What Is A Mini Forex Account?

Nowadays many people around the world is looking for entering the world of Forex trading due to its very high profitability potential and many other advantages the Forex market has over other capital markets.

But one of the main worries of the new trader is if he will need lots of money in order to be able to access this market and start placing trades.

The reality is that practically anyone can enter the forex markets and place trades. You don't need to be super-rich or the owner of a big corporation. You just need a few dollars and the right strategy to start profiting from Forex trading.

In the Forex world there is something called a Mini Account, and it uses a different leverage calculation than a regular (100k) account. This means that instead of trading full-size currency lots (100,000 units), you'll trade in lots that are just 1/10 the size (10,000 currency units), which in turn greatly reduces the amount of money you risk in each trade you enter. Pips in a Mini Account are worth, on average, $1 instead of the $8 to $10 value they have in a regular account. The Mini Forex account offers up to a huge 200:1 leverage, this means that just a $50 margin deposit will allow you to trade lots worth roughly $10,000 , but the smaller lot sizes, with correspondingly smaller pip values, means that you'll be profiting less from a successful trade and also losing less if the trade goes bad . For example, while a 20-pip loss on a 100,000 USD/JPY position would be $200, the same loss on a 10,000 USD/JPY position in a Mini account would amount to only $20.

The following are the characteristics of a Forex Mini Account.
Minimum required account deposit = $300
Recommended required account deposit = $2,000
Traded in 10,000-unit currency lots
Default Margin: set at 0.5% ($50 per mini-lot)
Leverage up to = 200:1

Contrary to what you may be tempted to think, there is no downside to trading a Forex mini account, you will be enjoying all the benefits that full-size FX account holders enjoy; including, same state-of-the art trading software from your broker, charts, resources, and tools. This mini accounts are ideal for a new Forex trader to develop a disciplined, rational forex trading strategy and technique without excessively focusing on the fear naturally arising from thinking too much about profits and losses.

One more great new for the starting forex trader is that there is no maximum trade volume when you use a mini account. Although the standard trade size is 10,000 units, you are not limited to trading one lot. For instance, you can trade 10,000 units or even 200,000 units. Allowing that, as you become more seasoned and build up your confidence you can slowly increase the size of your positions to maximize profits. This ability to customize the size of the trade will allow you to have a better risk management of your money.
Article source http://www.articlesbase.com/authors/adrian-pablo/4951.htm

How to Make Money Forex Trading Even If You've Never Traded Before

Have you heard the hype about making money forex trading but don't know where to start? Perhaps you've seen the profitable claims of other traders but you don't even know what forex is?

Did you know forex trading is one of the only markets in the world where you can make huge profits whether the economy is up or down?

Rather than just ignore something you might not understand, take a look at how simple forex trading really can be - once you have the right systems in place to guide you.

Forex trading is simply the act of trading foreign currency in order to profit from the fluctuating exchange rates.

You see, when you trade foreign currencies, you trade in currency pairs. This means you might want to trade US dollars for UK pounds. So if the American dollar is falling then that must mean that by comparison to the USD, then the UK pound would seem to be going up.

The same is true for any currency pairing. You can choose to trade Swiss francs or even Japanese yen.

The best part about forex trading is that you can place your trades at any time of the day or night from anywhere in the world. This is because your transaction is processed online, so trades are very quick.

The foreign currency exchange market moves rapidly. Currencies go up and down in value every day. You could spend months watching the markets and learning how to pick every minute factor that could potentially affect your trades - or you could use specially designed forex trading software that allows you to monitor and analyze the market in real time.

Because timing is crucial when trading on the forex market, having the right software that allows you to see at a glance which trades will be profitable and which ones won't means you could be making a profit on your very first day of trading.

Access to charting systems is also a great feature in some software, meaning you can begin to recognize patterns and predict market behavior.

Foreign currency values change rapidly from minute to minute in volatile markets. You need to be sure your software allows you to monitor the changes in real time and offer you an instant quote for your trade based on the most current values.

It is even possible to set some forex trading software to autopilot, so you could be making money even while you sleep.

Before you make a decision about which software to use, it's important to do your research carefully and take a look at what types of software the professionals are using.

You need to protect yourself, your accounts and your trades from potential fraudsters, so be sure the software you're considering is one that comes highly recommended by forex trading experts. It should also have security systems embedded in the software to help protect you against any fraudulent activity.

Once you've found the right software that can show you step by step what trades are likely to build your forex trading empire, you could be making money on your very first day of trading.

This software will work for you No Matter How Big Or Small Your Account Is. For example you can start with just $50 You don't need to know anything about forex to Trade Successfully & Make Money Starting Today

Click This Link For A Free Video Report

Click Here To Get Real Time Results Updated Every 15 Minutes

Article Source: http://EzineArticles.com/?expert=Benjamin_Wise

Forex Options Trading - Investing With Forex Technical Analysis

Most, if not all traders in the foreign exchange market would agree that trading in this market is not simple. Millions of traders lose their hard earned money every day in this market and are forced to quit. This is caused by simple mistakes in judgment and sometimes because these traders lack the information and the basic skills required in trading. The secret in trading successfully is to have a solid strategy which enables you to control your own fate and not rely on luck. And in order to create your own strategy, you would have to learn to analyze the forex market.

There are actually two ways to analyze the forex market. The first is called fundamental analysis which deals with the different factors that can affect the price of a currency like political stability, economy and overall performance of the government. The other one is called technical analysis.

The foreign exchange technical analysis is a skill to predict the coming changes in the market. The trader would use different charts in order to see and analyze how the prices of each currency could change based on the past performance. This works in line with the saying that history would eventually repeat itself in the future. All information is based on statistical data and not on subjective data.

This is one of the most useful and most common ways to analyze the forex market. Perfecting this procedure could lead to better profits and help the trader achieve his or her financial goals faster.

Timothy Stevens is a Forex Options Trader who owns http://www.NonDirectionTrading.com - He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit http://www.NonDirectionTrading.com/members/FreeReport.htm