mikeyjerou

The month of January has ended, and here is my update for Vladimir's Forex Signals performance for this month: it's been a good month with +600 pips on Vladimir's signals plus his live trading room signals. These results correspond with the official performance here:

http://www.vladimirforexsignals.com/info_performance/info_performance.php

What's also cool is that he started a stocks & commodities & indices signals channel, and I already got 4 trades, all profitable (via Metatrader CFD's).

For those looking for a profitable and honest signals service, I would like to share my experiences with a really unique service that I'm a member of: Vladimir's forex signals & mentoring club.

It is run by Vladimir Ribakov who is a well known professional trader, and he is doing an excellent job in both sharing his signals as well as teaching how he trades and watches his charts.

As I can testify from my own forex account, Vladimir's signals are definitely profitable.

To get an idea of the kind of results and accuracy go to his website:

http://www.vladimirforexsignals.com/

Look at the "performance" page, you will see a table of trades which is updated automatically as he closes a trade. I have made more than 2700 pips in 3 months, which is more than I did in the entire year I was struggling in Forex before joining Vladimir's club!!

I also have there a comprehensive library of videos, forex indicators and Expert advisors, forex strategies, and of course if you want to get the trades automatically into your account they give you a trade copier EA (robot).

So, bottom line I really enjoy this signals service and see profits from it.

FXstreet.com (San Francisco) - After falling from 1.2225 to break the 1.2200 level, the EUR/USD has found support at 1.2165 where the pair has been trading in consolidation mode following the latest bearish movement. In the last hour, the Euro has recovered 45 pips to trade back above 1.2200 and reach prices close to 1.2210.

Currently the pair is trading at 1.2195, settling back below 1.2200 with 0.35% loses so far today from opening price action. The pair looks "Slightly Bullish" and "Extremely Oversold" according to the FXstreet.com technical studies in its 15 minutes time frame.

Market sentiment remains strongly bearish for the EUR/USD, "as the common currency is unable to overcome now the 1.2200 level," comments Valeria Bednarik, FXstreet.com analyst. "A short spike above was unable to hold, although stocks moving off recent lows suggest a consolidate stage before new lows are seen."

"Short term, 1.2210 comes as immediate resistance ahead of 1.2250 area, 20 SMA in the 4 hours chart: approaches to that level will likely be seen as selling opportunities by late sellers," Bednarik continues. "Renewed pressure below 1.2140 should point for a continuation towards 1.2100 over the upcoming Asian session."

The question would be not whether she could but rather would she enter the Forex trading market. The Forex day trading arena is a veritable snake pit ripe for scam artists to bilk money out of unwary investors. On the other hand, it is a forum for educated traders with the correct education, tools, and trading strategy to make a handsome income.

Becoming a successful Forex trader basically comes down to four things; 1) attaining the correct education, 2) using Forex tools which 3) use your own personal trading strategy, and 4) finding the correct Forex broker to fulfill your requirements. Let's look at these individually:

Attaining the correct education. Your Mother may not know the difference between a Forex PIP and one of the backup singers for Gladys Knight. So would you send her to one of those infomercial Forex riches classes to find out? We hope not! There are literally hundreds of training courses and materials out there for proper training. Word of mouth recommendations might be the best path to follow here.

Forex tools can also do many things like send trading signals and various buy/sell alerts to your desktop or mobile device based on what your personal trading philosophy dictates. Many of these tools are software based and some are provided via your favorite Forex trading sites. Not all people base decisions based on these signals though and use things like technical and fundamental analysis to determine when to buy or sell.

It also is essential to develop your own personal trading strategy. Your ability to assume certain risks might not exactly be what other traders or your broker recommends. A Forex trading strategy is not something generic and involves your personal game plan.

Before trading Forex you need to set up an account with a Forex broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

One of the most important ways to make the greatest return (and, also carry a greater loss risk) in Forex trading is with the use of a margin account. These accounts may let you trade as much as $100k in currency for as little as $1000. Margin accounts are the lifeblood of Forex trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.

Used correctly and together, the above items can lead to a comfortable part or full time income. If you don't use all the information available to you, though, you may as well let Mom take the weekend visit to Vegas with her money to see Gladys Knight. Make sure that she has developed her own Forex trading strategy and has used "paper trades" many times before actually beginning trading for real. Better that ole Mom is equipped to make some real money rather than throwing it away on the gaming tables.

Source: by Wayne Watson: Earnforex.com

The question would be not whether she could but rather would she enter the Forex trading market. The Forex day trading arena is a veritable snake pit ripe for scam artists to bilk money out of unwary investors. On the other hand, it is a forum for educated traders with the correct education, tools, and trading strategy to make a handsome income.

Becoming a successful Forex trader basically comes down to four things; 1) attaining the correct education, 2) using Forex tools which 3) use your own personal trading strategy, and 4) finding the correct Forex broker to fulfill your requirements. Let's look at these individually:

Attaining the correct education. Your Mother may not know the difference between a Forex PIP and one of the backup singers for Gladys Knight. So would you send her to one of those infomercial Forex riches classes to find out? We hope not! There are literally hundreds of training courses and materials out there for proper training. Word of mouth recommendations might be the best path to follow here.

Forex tools can also do many things like send trading signals and various buy/sell alerts to your desktop or mobile device based on what your personal trading philosophy dictates. Many of these tools are software based and some are provided via your favorite Forex trading sites. Not all people base decisions based on these signals though and use things like technical and fundamental analysis to determine when to buy or sell.

It also is essential to develop your own personal trading strategy. Your ability to assume certain risks might not exactly be what other traders or your broker recommends. A Forex trading strategy is not something generic and involves your personal game plan.

Before trading Forex you need to set up an account with a Forex broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

One of the most important ways to make the greatest return (and, also carry a greater loss risk) in Forex trading is with the use of a margin account. These accounts may let you trade as much as $100k in currency for as little as $1000. Margin accounts are the lifeblood of Forex trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.

Used correctly and together, the above items can lead to a comfortable part or full time income. If you don't use all the information available to you, though, you may as well let Mom take the weekend visit to Vegas with her money to see Gladys Knight. Make sure that she has developed her own Forex trading strategy and has used "paper trades" many times before actually beginning trading for real. Better that ole Mom is equipped to make some real money rather than throwing it away on the gaming tables.

Source: by Wayne Watson: Earnforex.com

Forexpros - The U.K.’s RICS house price balance fell unexpectedly last month, industry data showed on Monday.

In a report, RICS said that U.K. RICS house price balance fell to a seasonally adjusted -22%, from -16% in the preceding month.

Analysts had expected U.K. RICS house price balance to remain unchanged at -16% last month.

*EUR/USD pegged to the lows as ECB's Coeure pours a bit of gas on the fire.

*Coeure says ECB will buy bonds on the secondary mkt if it need to for monetary.

*policy and will not do so otherwise; ECB lending to ESM to buy Govt bonds in.

*unlimited manner wouldn't comply with EU treaty.

*Mkt sees no bounce for EUR/USD; Through 1.2260 targets July '10 low (1.2190).

(fxstreet)

Forexpros - U.S. stocks on Friday fell on news the economy added fewer jobs than predicted in June.

At the close of U.S. trading, the Dow Jones Industrial Average ended down 0.96%, the S&P 500 index was down 0.94% while the Nasdaq Composite index was down 1.30%.

The U.S. added a net 80,000 nonfarm payrolls in June, below market forecasts for a gain of around 90,000.

April figures were revised to 68,000 from 77,000 nonfarm payrolls, while May's numbers were revised to 77,000 from 69,000.

The numbers sent investors selling equities and snapping up safe-haven dollar positions on fears the U.S. economy continues to show signs of cooling.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.66% at 83.48.

Monetary policy decisions outside of the U.S. sent investors racing to the dollar and selling stocks worldwide as well.

The European Central Bank cut its benchmark interest rate 25 basis points to 0.75%.

A Bank of England decision to inject GBP50 billion into the economy via stimulus measures followed by interest rate cuts in China also fueled the risk-off trading session.

The weak U.S. employment figures fueled fresh talk the Federal Reserve will consider stimulating the economy via quantitative easing, which would normally send stocks rising.

Under quantitative easing, the Fed buys assets from banks, injecting the financial sector full of liquidity to push long-term interest rates down to foster investment and job creation, weakening the dollar in the process and sending stocks gaining.

The next Federal Reserve monetary policy decision is not until Aug. 1, which kept stock-market bulls at bay on Friday.

Leading Dow Jones Industrial Average gainers included Kraft Foods, up 2.39%, McDonald's Corp., up 0.44%, and Wal-Mart Stores, up 0.38%.

Leading Dow Jones Industrial Average decliners included Hewlett-Packard, down 3.50%, Caterpillar, down 2.53%, and Alcoa, down 2.13%.

European indices, meanwhile, finished down.

After the close of European trade, the EURO STOXX 50 fell 2.15%, France's CAC 40 fell 1.88%, while Germany's DAX 30 finished down 1.92 %. Meanwhile, in the U.K. the FTSE 100 closed down 0.53%.

In general, the lower your risk, the higher your chances, so make your choices in the most conservative way possible, especially at the beginning of your career.

hey guyz they have got some good stuff also, its a referral program you can earn some money if you bring traders to the company )

Any other details?

i just found this one on filepost not sure if it was posted here before martin cole

 

http://filepost.com/files/2171ffdb/Martin_Cole.rar

thanks for the link sir.. :)

newbies always lose. you'll need to learn and practice before going live

Yes I agree with you,..Newbies need more practice and knowledge..

Moving average question,

When someone says they are using moving average what type of moving average are they talking about?

I would love to hear some successful Forex traders share their stories of success.

Tell us how you were working a 9 to 5 corporate job, began trading part-time, and a few years later you turned that mini account into million dollar earnings. Do such stories really exist?

Newbies like myself thrive on inspiration...motivates learning and the desire to succeed.

Patience is probably the number 1 attribute missing from the aspiring trader's psychology today--indeed, it is a flaw of my own.

The markets will not be mastered by hopes, emotion, and gut feelings that "one trade will win me". These markets are about a series of trades, not one winner.

Calculating risk-reward ratio and maintaining a cool but firm balance in the chosen line of currency can only come through auto-suggestion and self-discipline. This method takes patience, but will surely pay more than the folly of gambles.

So, what do I commit to now? The development of patience through a series of trades and the persistence to forge it into the psychology of my trading.

I seek the company of other trader's who wish to develop these qualities amongst others and have high goals in their achievements in the markets. By this communication, the mastermind principle may be applied to satiate one another's minds with an accountable push to succeed.

Your time is greatly appreciated.

I started with 20 dollars

Great!!,, thank you..

happy trading..

Hello you

 

For everyone who wants to learn the principles of Forex

Or trading across the Web

You can visit this blog

I hope you like it

I'll put it in more and more

And now come in

 

http://tradingacrosstheweb.blogspot.com/

Great blog!! thanks for sharing.. :)

How is yours?

well for me, it's frustrating if you encountered problems it's fun when you are doing good and earning, i'm still newbie, still need lot of things to learn :)

It is enjoyable if you are making money....frustating if you are losing money and struggling to beat the market....so the question should be......Who is making money in Forex???

yes I agree with you, Earning= enjoying, Losing= Frustrating.. :)

FXstreet.com (Barcelona) - EUR/USD is currently at 1.2490, bouncing from session lows at 1.2473, and below session highs near the open at 1.2513, about flat since previous weekly close last Friday, despite opening the week Monday hitting 2-week highs above 1.2670. The pair is slightly higher from previous open in Asia-Pacific yesterday by +0.21%. Local share markets trade mostly in the green, with Nikkei index higher by +0.68%.

London session ahead will be a busy one, not much for EUR macro data related, but for sovereign debt crisis worsening, and US data coming later on. In the European front, first will come French CPI at 05:30 GMT, followed by German final CPI half hour later, and EU industrial production at 09:00 GMT.

Major focus will be on the sovereign debt auctions side, following highest Spanish 10y yields yesterday since past Nov above 6.8%, today with Italy selling € 6.5B of 1 year bills, already showing the 10 year maturity above the 6% at the moment. Germany will place € 5 B in 10 year bunds, and inflation linked notes, at 06:00 GMT. The US will also auction 10 year bonds at 17:00 GMT.

Key risk event for the day will come in the form of US retail sales at 12:30 GMT.

Immediate support to the downside for EUR/USD shows at recent session lows 1.2473, followed by yesterday/past Wednesday/Friday's lows at 1.2442/35, and Jun 05 lows at 1.2405. For the upside, nearest term resistance comes at recent session highs 1.2515, followed by yesterday's highs 1.2530, and June 05 highs 1.2445.

Forexpros - Copper futures came under pressure during European morning trade on Tuesday, as initial optimism over the Spanish bank bailout waned and as worries grew over this weekend's elections in Greece.

Mounting concerns that the region’s debt crisis will spill over to Italy further as well as lingering worries over slowing growth in China further weighed on market sentiment.

On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at USD3.330 a pound during European morning trade, shedding 0.4%.

It earlier fell by as much as 1% to trade at a session low of USD3.303 a pound.

Market sentiment was lifted Monday after Spain’s Finance Minister Luis de Guindos said the European Union agreed to grant Madrid a loan of up to EUR100 billion, which the government will use to recapitalize the country’s ailing banking sector.

But risk assets came under renewed pressure as the initial optimism which greeted news that Spain had secured a bailout for its banks faded and investors began to focus on the details of the rescue package.

The exact amount Madrid is to receive will only be decided later this month, after the results of independent banking audits are published. In addition, questions remained over the source of the funds and whether the bailout repayments would add to the country’s already high borrowing costs.

Adding to Spain’s troubles, ratings agency Fitch cut the long-term credit ratings for Spanish banks Banco Santander and Banco Bilbao Vizcaya Argentaria to BBB-plus from A. The rating announcement followed the three-notch cut to the country's sovereign rating last week by Fitch last week.

Spain is the fourth euro-zone nation to seek a rescue, after Greece, Portugal and Ireland. A financial crisis has gripped the country since 2008, when a real estate bust caused big losses for many banks.

Concerns about Spain’s banks have grown since Bankia, the country’s fourth-largest lender, said last month it needed EUR19 billion in state aid to shore itself up against bad loans.

Appetite for riskier assets was further weighed amid uncertainty over the outcome of a Greek general election on June 17, which could determine the course of the country’s future in the euro zone, as well as concerns over Italy’s fiscal health.

Spanish 10-year yields rose to 6.66% during European morning trade, up from 6.52% on Monday. Similar-maturity Italian yields increased to 6.19%, the highest since January.

Meanwhile, Cyprus said Monday it urgently needed European financial aid to shore up its banking system, a step that would make it the fifth euro zone economy to seek help.

The Wall Street Journal reported that the size of any bailout for Cyprus would amount to no more than EUR3 to EUR4 billion.

Europe as a region is second in global demand for the industrial metal. Prices have tracked investor sentiment toward the euro zone’s debt crisis in recent months.

Copper prices have been on a rapid decline since the start of May, amid growing fears over an escalating debt crisis in the euro zone and a deeper-than-expected slowdown in China.

A deeper slowdown in China, the world’s second biggest economy, would impair a global expansion that is already faltering because of debt crisis in the euro zone.

Elsewhere on the Comex, gold for August delivery dipped 0.4% to trade at USD1,590.35 a troy ounce, while silver for July delivery fell 0.65% to trade at USD28.42 a troy ounce.