FOREX CURRENCY TRADING THE TRUTH!

Http://www.forexmarkets.co

Friday 27 March 2009

Equity traders gone Forex Trading on the Up

Spread betters have been reacting to the extreme market volatility by changing their betting habits.

In January, IG Group said currency and index bets had become more popular among its clients than the more traditional trades on individual stocks.

“The big equity traders have disappeared and they have been replaced by big forex and indices traders,” IG Group chief executive Tim Howkins said in January, as he reported strong profits for the company.

Spread betting firms have been profiting from the increased market volatility, reporting an influx of new clients in the past few months.

Both London Capital Group and IG Group said this year that profits have increased and client numbers have gone up.

Wednesday 25 March 2009

EUR/JPY ON THE UP

24/03/2009 – EUR/JPY – By breaking out cleanly above the key 131.00 price action on EUR/JPY, has tentatively confirmed the potential for further upside momentum. The 131.51 level should now serve as support where it previously served as resistance on at least three separate occasions before Monday’s break.

Retracement and consolidation can be expected after the breakout, but if price is able to follow-through further and break above the 134.50 level, which represents the high thus far after the 131.00 breakout, a major resistance target to the upside resides around the 137.00 region.

Tuesday 24 March 2009

Is the bear market over?

Is the bear market over, sentiment is all in the markets today , but also there is the moment when sitting on your hands makes them start to itch, the itch spreads around the world through what Edgar Cayce called the Cosmic Consciousness.

Is now the time to start buying instead of selling?

we are looking at the rise of GBP/USD 1.4711 today.
I see a steady rise and think long term its strength will hold , consider
where was its position last year 1.997 ! thats a lot of profit to make if you hold your nerve....

Sunday 22 March 2009

Most important Forex Trading Indicators

What are the most important indicators in Forex?

In my humble opinion they are Moving Averages and Relative Strength Index

When these to are combined on a live trading screen the information you will have infront of you allows the trader to see how much of any cuurency is being bought and how much is being sold ( in percentage terms ) plus the strength of that buying or selling current,

To take full advantage of that buying or selling current you need to get in (make your trade) 2/3 rds on the upswell and get out (close the trade) before the crest

Why close the trade before the crest? simply because tades have a habit of falling back just before they hit top momentum which would lose you money.

So the trick is to get in make a profit and get out ( don't stay in too long or you'll get stung )

The moving average indicator combines with the RSI gives you all you need so long as you know how to read the two charts combined so you get CLEAR SIGNALS

my course FOREX4PROFIT tells you exactly how to do this and more.

Thursday 5 March 2009

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