Ramon Ramirez

Forex is worthing it but we are having the fully risk in trading forex to loose our money. But forex is legit business and worth a try for sure. But never risk your fully money, set stop loss better and use securities.

I agree to this man.. :)

FXstreet.com (San Francisco) - USD/CHF pushed above the 0.9600 mark Tuesday to reach a fresh multi-month high of 0.9636, a level not seen since 16 Feb 2011.

Most of Today’s major news has focused on rumors of a Chinese stimulus package, the Spanish banking sector, an earthquake in Italy and ongoing European uncertainty. In this environment the USD is broadly bid, as market sentiment is driven lower, helped by Egan Jones’ rating downgrade of Spain.

USD/CHF trades at 0.9612 ahead of the closing bell in New York, poised to record a 0.4% gain on the day. On the Swiss fundamental front, UBS's Consumption index for Apr improved to 1.41 from 1.20, but a disorganized breakup of the eurozone remains the single greatest threat to the Swiss economy. Resistance lies at 0.9773 (6 Feb high) while, immediate support is noted at 0.9575.

Lot size is very important by dealing with forex. If you are a forex beginner, you are starting with micro lot size. Forex experts are able to work with standard lots.

Yes i agree to you!! :)

FXstreet.com (Barcelona) - EUR/USD is ending the Asian trade in the middle of a new round of panic selling on risk aversion, with USD index at fresh 20 month highs around 82.40, USD stronger even against Yen. EUR/USD sits near session lows at 1.2526 as last, 7 pips above mentioned lows, and 11 above fresh 2012 lows made yesterday. All local markets trade in the red except Kospi about flat, and gold also at session lows $1552.

The London session ahead shows a soft agenda all day long, previous a 3-day weekend in most parts of the world, including Europe and the US with markets closed on Monday. Gfk German consumer climate will be out at 06:00 GMT, followed by Italian retail sales at 08:00 GMT and no major EU sovereign debt auctions on schedule. Chatter on Eurobonds will also probably give some headlines, as one from Bloomberg from this morning in Europe: “Monti: can get Germany back euro bonds,” the news agency said.

Immediate support to the downside for EUR/USD comes at very recent session and yesterday lows, lowest for 2012 and since July 2010 at 1.2517/14, followed by July 06 2010 lows at 1.2478, and June 06 2010 highs at 1.2467. For the upside, closest resistance comes at Thursday's lows 1.2544, followed by recent session's highs 1.2553 and yesterday's highs 1.2620.

Forexpros - Gold prices were up in Asian trading on Tuesday, extending Monday's gains in edgy trading on talk global leaders remained committed to keeping Greece in the eurozone.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded up 0.23% at USD1,592.35 a troy ounce.

Gold traded at a low of USD1,592.15 a troy ounce and hit a high of USD1,594.55 a troy ounce during the session.

Gold futures were likely to test support at USD1,542.85 a troy ounce, the low on May 17, and resistance at USD1,601.75, the high from May 10.

World leaders representing the Group of Eight large industrialized economies recently stated they would do what it takes to keep Greece in the eurozone, including U.S. President Barack Obama and German Chancellor Angela Merkel.

German Finance Minister Wolfgang Schaeuble, himself a vocal supporter for imposing austerity measures on Greece in exchange for bailout money, assured the world Germany and France would do everything necessary to help Greece remain in the currency zone.

The news sent the euro rising, which brought gold up with it despite a rising dollar.

Talk that Japan will take new steps to weaken the yen to boost exports also sent gold rising, although choppy trading showed the yellow metal's gains may be short-lived.

Greece is headed for parliamentary elections on June 17 and expectations persist that leftist political parties opposing austerity measures such as tax hikes and spending cuts will take power and abandon belt-tightening measures, which could mean an end to rescue funding and an end to Greece's membership in the eurozone.

Such fears have sent gold's traditional hedge, the dollar, climbing in the past.

Elsewhere on the Comex, silver for July delivery was up 0.63% and trading at USD28.500 a troy ounce, while copper for July delivery was down 0.11% and trading at USD3.527 a pound.

FXstreet.com (San Francisco) - AUD/NZD has drifted south to touch a 4-day low of 1.2915, with the market ignoring news of a dairy market oversupply of milk; New Zealand’s Fonterra cut its 2012/13 dairy forecast payout for the year as it had been expected - falling dairy prices undermines NZD fundamentals. The pair is at 1.2915 vs. 1.2955 in early trading, threatening to push lower. Short term support is noted at 1.2885 (22 March high), with resistance seen at 1.2934 (yesterday’s low).

How does one accurately assess their trading where they can be confident a positive change has occurred or if what changed was temporarily just market conditions?

Frankly, it has become boring now.Any one else sharing the same feeling with me?!!

:P

 

I agree, but it is fun sometimes if im profitable.. :)

Money Mangement is very important in every aspects in life not just trading..

great course,, Thank you for sharing..

FXstreet.com (Barcelona) - An improved mood in the Asian session has seen overstretched bearish trends on risk currencies taking a turn higher. EUR/USD is nearing 1.2750 from levels below 1.2700 in NA trade. AUD/USD has also jumped to 0.9950 from 0.9870 in the last European session.

The market has been a one way street favouring the USD lately, courtesy of a potential fracture of the EZ as Greece edges closer to the abyss, however, techical market dynamics appear to finally outweigh the fundamentals in Asia. S&P futures are also moving higher, helping underpin risk currencies.

EUR/USD, which has been offered merciless since breaking its old range at 1.2950, saw a basing pattern taking shape at 1.2680 early US trade, just over 50 pips away from beckoning last Jan lows at 1.2625/30. The highly liquid EUR/USD has been on a crusade to higher ground since the NY close though, now approaching 1.2750/60, where sellers may be noted.

Should the correction pick up momentum, the pair may enjoy a no congestive zone of 50+ pips until reaching 1.2810/20, May 14 swing low. Further up, earlier in the week above 1.2900 was a re-sell zone, so it should be noted a 'value area' again for sellers. On the downside, support at 1.2680 is the next hurdle to take out before Euro bears launch a final attack to 1.2625 Jan lows. Below, the round number 1.2500 may come into play.

Great!! thanks for sharing.. :)

Forexpros - The Australian dollar fell to a five-month low against the U.S. dollar on Wednesday, as economic data from Australia sparked expectations for an additional rate cut by the country’s central bank next month, while concerns over Greece’s political turmoil persisted.

 

AUSD/USD hit 0.9896 during late Asian trade, the pair’s lowest since December 19; the pair subsequently consolidated at 0.9892, shedding 0.44%.

 

The pair was likely to find support at 0.9860, the low of December 15 and resistance at 0.9947, the day’s high.

 

The Westpac Banking Corporation said earlier that consumer sentiment in Australia rose 0.8% to 95.3 in May, hovering close to the weakest level this year and following a 1.6% fall the previous month.

 

A separate report showed that Australian wages rose 0.9% in the first quarter, in line with expectations, after a 1% rise the previous quarter.

 

Meanwhile, sentiment remained under pressure as Greece's political parties failed on Tuesday to agree on a governing coalition, leaving the country in political limbo until new elections next month.

 

The delay could deprive Athens of badly needed international aid and deepen Greece's financial troubles.

 

Elsewhere, the Aussie was lower against the euro with EUR/AUD adding 0.13%, to hit 1.2828.

 

Later in the day, the U.S. was to produce official data on building permits and housing starts, followed by reports on the capacity utilization rate and industrial production. In addition, the Federal Reserve was to publish the minutes of its most recent policy meeting.

Trading is not fun for me because i must say that we have to become serious if we have to earn something, because in business you have to be a professional businessman so if you want to become a professional trader you must have to be serious about the trading so i can not do it for the fun. i just accept it as a profession so i have to be professonal. What you think?

Hi is anyone using FXPrimus ? If so, im wondering is it logical or rather advisable to upgrade to their FXPrimus Trust, Funds protection despite the fact they're doing so great from my pov?

What are the best forex trading hours?

Many people who know about Forex are now beginning to realize that this particular market can really give them the opportunity to make lots of money. Many people who have traded in the Forex market became successful and have made millions of dollars almost overnight.

However, you should also consider that the Forex market also has its risk. You have to consider that aside from the fact that it can give you a chance to earn a lot of money, you should also realize that the risk is also equally great, maybe even more. It is a fact that people who have entered this financial market without the right knowledge and skills have lost a lot of money. Some experienced traders were also known to lose money in this very large and very risky financial market.

In the past, the Forex market had a strict policy that only allowed large financial institutions and multinational companies to participate in this large financial market. However, thanks to the advancement of communications technology and the availability of high speed internet, the Forex market have opened its doors to individual traders and brokers. Even the regular individual can now trade in the Forex market right in the comforts of their own home.

Because of this, a lot of people have entered this very large and very liquid financial market with the thought of making it big. If you are interested in the Forex market, it doesn't take much time to learn how to trade currencies. The basic trading rule in the Forex market is that you have to buy when the price is low and sell when the price of the particular currency you are holding is high.

However, you still need to learn about the different strategies and skills that are essential when you are trading in the Forex market. If you already have the knowledge and skills about the Forex market, the next thing you need to do is know how to trade in this very large financial market.

All you need is a computer that you need to dedicate in your Forex trades, and a fast and reliable internet connection to avoid slippages. You will also need Forex trading software to help you with your trades in the Forex market.

The Forex trading software can easily be downloaded in the internet for a certain fee or you can use online software that many online Forex brokers offer. If you already have a computer with a fast and reliable internet connection, the next thing you need to do is register and open an account with a Forex brokerage website. After you open an active and funded account, you will then be granted access to their Forex trading software that you can use in your Forex trades.

The software should have the following features:

•Real time updates of prices to avoid slippages.

•Show prices of currency pairs.

•Shows charts and should have charting features.

•Stop loss button for risk management.

•Open Positions window

•Closed positions window

•Account window

It is important to remember that the Forex market is a very risky market. This is why you should get the best software with the best features. In order to know which software can suit your needs, you only have to try out different software programs by opening a dummy account with the Forex brokerage company. Most Forex brokerage companies online can offer you a free trial of their software to enable you to determine if the software is for you or not.

Since there are a lot of websites that offer Forex trading software, you have to try at least a few of the software in order for you to know which one is the best for you. It is also important to remember that it is necessary to get the right software for you in order to minimize the risk of losing money and maximize you earning potentials in the Forex market.

The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful.

 

There are many methods to learn forex trading. You can join online services, enroll in a forex trading school, become an apprentice of a forex mentor, download an ebook, join a trading group, read books or do it alone. However, doing it alone involves a lot of risks especially for beginners.

 

From experience it is always best for novice traders to get training from a mentor or join a forex trading team. You are going to benefit from experienced instructors who are already trading forex in real time and compare notes, trends, charts, buy / sell decisions and more. You can check yourself against other people who have more experience than you. In this way, you are familiarized with real market trading. You are given the chance to see the actual processes and decisions which you can later on employ.

 

In the end you will come up with your own strategy and trading methodology that works for you and is suited for your own risk level, temperament, trading goals and trading experience.

 

Here are a couple of guidelines that new traders can follow to achieve success in the forex markets.

 

You need to know proper charting and mapping. Most forex brokers will supply you with a charting platform, but you need to know how those charts work and how to interpret them. You will need to be able to read forex market charts.

 

Discipline yourself. Traders who are disciplined by strictly following their developed methods even when losing period's strike, have a greater chance of making it in the long run.

 

Update your knowledge continuously. Successful traders are studying the forex market night and day and are constantly looking for new information and education all the time.

 

Trade in a team, this helps making decisions easier and could be the # 1 reason you find success. If you are trading in a highly specialized team who knows what they are doing you can measure yourself and your trading decisions against them and keep each other accountable for your trades.

 

Focus on what you do and do not jump around. This is probably the single biggest mistake that traders make, they jump from one opportunity and from one trading system to the next. They never stick with a single one and learn to trade that system well. There are thousands of ways to trade the market with an unlimited number of ways to combine signals, charts and trading methodologies. But do not try to trade and test each one of the thousands out there, stick with one that works and work it inside out until you can do it blindfolded. Once you are so familiar with it that you can do it in your sleep, you will start to learn when conditions for your system are right and be able to trade your chosen system with confidence and profit.

FXstreet.com (Barcelona) - The EUR/USD was capped at 1.2968 in the sequence of its Asian session upside from 1.2924. After having peaked in the European session, the pair retraced almost 30 pips to quote around 1.2940.

 

German Chancellor Merkel insists on the “sustainable growth” line, warning for the dangers of deficit-driven growth in a non-austerity scenario.

 

“Break below 1.2910/00 to open next targets at 1.2875/57. Only regain of strong barriers at 1.3060/80 would delay bears”, wrote Windsor Brokers analyst Slobodan Drvenica, not ruling out a retest of 1.3000 first.

FXstreet.com (Barcelona) - Some analysts have been pointing out to a sideways trading range at 79.70/80.07, from which the USD/JPY seems to be having trouble in breaking. Leading Economic Indicators in Japan have risen from 96.0 (revised from 90.3) to 96.6, lower than general consensus of 97.0.

Today, the pair was lifted up to 79.94 only to lose it all again towards 79.71. From this support area, the cross is bouncing ahead of the European opening.

“We would currently allow for further slippage to 79.15/78.90 (61.8% retracement and the 55 week ma), where we would expect the market to stabilize and recover”, wrote Commerzbank analyst Karen Jones.

If you are absolutely certain it could never be you, the investment swindler starts with a big advantage. Investment fraud generally happens to people who think it couldn’t happen to them. Just as there is no typical profile for swindlers, neither is there one for their victims. While some scams target persons who are known or thought to have deep pockets, most swindlers take the attitude that everyone’s money spends the same. It simply takes more small investors to fund a large fraud. In fact, some swindlers deliberately seek out families that may have limited means or financial difficulties, figuring such persons may be particularly receptive to a proposal that offers fast and large profits. A favorite pitch is that small investors can become rich only if they learn and employ the investment strategies used by wealthy persons. Naturally, the swindler will teach them! Although victims of investment fraud can differ from one another in many ways, they do, unfortunately, have one trait in common: Greed that exceeds their caution. They also possess a willingness to believe what they want to believe. Movie actors and athletes, professional persons and successful business executives, political leaders and internationally famous economists have all fallen victim to investment fraud. So have hundreds of thousands of others, including widows, retirees and working people—people who made their money the hard way and lost it the fast way.

FXstreet.com (Barcelona) - From 49.3 in April, analysts were expecting economic optimism to rise to 50.3, but actual data for May points to a drop to 48.5.

Earlier in the American morning, (small) business optimism index by NFIB had risen to 94.5 in April, from 92.5 in March.

Growing concerns towards the Eurozone and Greece political developments are weighing on risk sentiment, triggering the strengthening of the greenback. The leading political party in Greece post-elections failed to form a government, and the second placed party is unwilling to compromise. Repeated failure should push for new elections, perhaps by mid June, according to Wells Fargo analysts.

 

“The interim period of uncertainty has the potential to weigh on the euro, and more broadly on foreign currencies and global equity markets”, wrote head of currency strategy Nick Bennenbroek.

 

The Eurozone debt and political crisis should continue the main issue in the comind days. “That said, given subdued overall global data and discouraging European developments, our bias if for U.S. dollar and yen strength, and further weakness in other foreign currencies in the near-term”, Bennebroek added.

The American session saw the USD/JPY jittering on the US labor market data release, with less payrolls than expected (+115K) and a falling unemployment rate to 8.1%, especially due to a decline in the civilian labor force.

After touching a high at 80.39, the pair fell down below 80.00 psychological level and has printed its low at 80.80, where it is currently trading.

Mataf.net analysts point to resistances at 80.55, 81.40 and 81.75, On the downside, supports might act at 80.10, 79.70 and 79.35.

Forex help out?

i want to learn forex. it there any books/cd/dvd you can reccommend for me? something that would help me know when to trade and become conscious market movements etc...