This is a sobering fact - but unless you accept it then you will never win at forex trading so here is your fore tip to put you on the right track...
You're on your own and only you can give yourself success - no one else. Forget all the $100 buck robots promising you financial freedom, try these forex systems and they will burn your equity. They have never been traded and have made paper profits only and wouldn't sell for $100 bucks either. Also forget all the mentors with their secrets - there hardly secrets if you know them!
Even if you do find someone to follow who has a good forex trading strategy, you can still lose, if you don't have confidence in what you're doing and understand the logic. The reason is - if you don't understand how and why the system works, you won't have the confidence to follow it, through losing periods and all trading systems have these.
You're on your own - if you follow or if you have your own forex trading system - you have to execute it with discipline.
If you understand this, then the forex market is probably an area you can make money, if you don't, either re think your forex education or do something else.
Forex trading is hard and you would expect that - with the rewards on offer.
Keep in mind 95% of traders lose and that's a fact so it's not easy.
Now if you have the right mindset, you learn currency trading the right way and win and the good news is:
Anyone can learn to trade - trading is a learned skill, so you just have to do it the right way and that doesn't mean working hard, it means working smart. A couple of weeks and you will be all set. All you need is a simple, logical forex trading strategy you can execute with discipline and your on your way.
In forex trading it's not about how much time you spend on your market timing - you are judged on how much money you make with your trading signal and that's it and a simple trading system will work well.
So if you want to win, you. Simply, get the right forex knowledge and apply it with discipline and you can earn a great second or life changing income, in under 30 minutes a day and enjoy currency trading success.
About the Author
FREE FOREX STARTER PACK 5 X PDFS - DAILY RESEARCH AND MUCH MORE!
For free infopack and free research and more get your 5 x FREE Forex PDFS visit our website at: http://www.learncurrencytradingonline.com.
Jumat, 27 Juni 2008
Kamis, 26 Juni 2008
Japanese Candlesticks Are Calling For a Bounce in Index Prices
The Dow Industrials Index has been in a fairly steady slide since it made a double top in May. The Dow has already spiked down beneath its March low, which may turn out to be an important waypoint. The S&P 500 has tagged along in quite the same overall pattern. The declines in the NASDAQs, the S&P 600 SmallCaps, and the Russell 2000 have been more chaotic. All of them are at or near lows of about two months ago.
The patterns that we are seeing today in the Candlesticks and in the various Indicators for the Dow Industrials and for the S&P 500 suggest "indecision" and the possibility of a trend reversal. The price patterns in the NASDAQs, the S&P 600, and the Russell 2000 are much more persistently downbeat. They are "leading the pack," as they often are wont to do.
No Candlestick pattern, or Indicator, or group of Indicators, is foolproof. However, based on the historical record we know that certain patterns are generally reliable in their prediction of the direction of price trend. We could be fooled this time, just as we have been fooled before; but the patterns are so clear and so prevalent across several Indexes that the odds seem to say that prices will bounce from approximately this point, or from moderately lower levels.
If they do rise, how far are they likely to go? Again, on the basis of historical precedent prices may be expected to retrace between 38% and 62% of the previous major decline. If history holds true this time, we might expect to see the Dow top out at between 12,270 and 12,600. The strength of the decline since last October may rule out anything much more than a very modest bounce. Likewise, the "drag effect" of the NASDAQs, the S&P 600, and the Russell 2000 may put an early stop to any rise in the Industrials and in the S&P 600.
Today is the first day of the two-day meeting of the Fed's Open Market Committee. We expect to hear the result of its deliberations tomorrow afternoon. Any spark of good news might tend to set the market off in an upward direction. There is ample speculation in the marketplace about the likely course of interest rates. The Fed is caught between a desire (on the one hand) to increase interest rates in an effort to tamp down inflation, and (on the other) to lower them as an attempt to light a fire under the housing market. Unfortunately, there is a degree of mutual exclusivity there; the Fed (and the country) cannot have it both ways.
Regardless of the outcome of the meeting, it does appear that the odds are increasing in favor of the proposition that we can reasonably expect to see a bounce in Index prices quite soon. We shall see.
William Kurtz June 24, 2008 http://www.candlewave.com
The author is an experienced investor; a retired attorney and corporate CEO; has passed the NASD Series 65 Investment Adviser exam; and is the creator of the "Candelaabra" technical analysis system for use in all financial markets. He publishes free investment advisories three times per week at http://www.candlewave.com/ Come look! The latest issue is ready and waiting for you.
Article Source: http://EzineArticles.com/?expert=William_Kurtz
The patterns that we are seeing today in the Candlesticks and in the various Indicators for the Dow Industrials and for the S&P 500 suggest "indecision" and the possibility of a trend reversal. The price patterns in the NASDAQs, the S&P 600, and the Russell 2000 are much more persistently downbeat. They are "leading the pack," as they often are wont to do.
No Candlestick pattern, or Indicator, or group of Indicators, is foolproof. However, based on the historical record we know that certain patterns are generally reliable in their prediction of the direction of price trend. We could be fooled this time, just as we have been fooled before; but the patterns are so clear and so prevalent across several Indexes that the odds seem to say that prices will bounce from approximately this point, or from moderately lower levels.
If they do rise, how far are they likely to go? Again, on the basis of historical precedent prices may be expected to retrace between 38% and 62% of the previous major decline. If history holds true this time, we might expect to see the Dow top out at between 12,270 and 12,600. The strength of the decline since last October may rule out anything much more than a very modest bounce. Likewise, the "drag effect" of the NASDAQs, the S&P 600, and the Russell 2000 may put an early stop to any rise in the Industrials and in the S&P 600.
Today is the first day of the two-day meeting of the Fed's Open Market Committee. We expect to hear the result of its deliberations tomorrow afternoon. Any spark of good news might tend to set the market off in an upward direction. There is ample speculation in the marketplace about the likely course of interest rates. The Fed is caught between a desire (on the one hand) to increase interest rates in an effort to tamp down inflation, and (on the other) to lower them as an attempt to light a fire under the housing market. Unfortunately, there is a degree of mutual exclusivity there; the Fed (and the country) cannot have it both ways.
Regardless of the outcome of the meeting, it does appear that the odds are increasing in favor of the proposition that we can reasonably expect to see a bounce in Index prices quite soon. We shall see.
William Kurtz June 24, 2008 http://www.candlewave.com
The author is an experienced investor; a retired attorney and corporate CEO; has passed the NASD Series 65 Investment Adviser exam; and is the creator of the "Candelaabra" technical analysis system for use in all financial markets. He publishes free investment advisories three times per week at http://www.candlewave.com/ Come look! The latest issue is ready and waiting for you.
Article Source: http://EzineArticles.com/?expert=William_Kurtz
Euro menguat, Fed pertahankan suku bunga
Keputusan The Fed untuk tetap mempertahankan suku bunga sebesar 2% ternyata memberikan dampak yang cukup besar bagi dollar.
Setelah berita dikeluarkan euro dan gbp menguat hampir 150 poin ke 1.5687 dan 1.9769
Seperti yang diprediksikan, tampaknya The Fed masih tetap fokus akan inflasi global yang terjadi.
Untuk analisa hari ini, diperkirakan euro dan gbp akan mengalami sedikit koreksi.
Setelah berita dikeluarkan euro dan gbp menguat hampir 150 poin ke 1.5687 dan 1.9769
Seperti yang diprediksikan, tampaknya The Fed masih tetap fokus akan inflasi global yang terjadi.
Untuk analisa hari ini, diperkirakan euro dan gbp akan mengalami sedikit koreksi.
Rabu, 25 Juni 2008
We will tell you WHAT TO TRADE and WHEN TO TRADE
Have you ever thought of trading Forex but got scared off by all the complicated stuff. Now there's a way to grab tons of cash without ever having to analyse anything.
If you really want to make money,
spend 5 minutes and read this.
Forex is the largest currency market in the world. It isn't located in any particular city or town. As a
matter of fact it isn't located anywhere -it is entirely electronic. All you need to start investing
money on Forex is ONE dollar and access to the Internet. These easy to fulfil requirements are the
reason why millions of people invest their money on Forex every day. Among the investors are
professional stock brokers, accountants, housewives, retired persons, students, engineers and stay-
at-home mothers -literally anybody. There's no need for any specialised knowledge or skills to
become a Forex trader.
» Is it simple?
Yes, very simple. What more - it can't be any simpler.
The Forex market users log in to their accounts via the Internet and, in the simplest case, they see in
their browsers the following:
Of course there are more sophisticated tools such as charts and other available, but the basic case
looks exactly as above.
Now, all you have to do to earn, is click one button (for example "Buy") and a moment later the
other button ("Sell"). If the price of the chosen currency pair rises in meanwhile, you can earn even
400 times more then the increase in the currency pair price.
This way, just at the effort of a few clicks a day, you can earn thousands or even hundred of
thousand dollars per day.
» OK, where the catch?
Well, the crucial thing is to know which button to press. So far this all seems more like lottery than
a method for a steady income. That's it. Many people feel that investing in Forex is more like
gambling, and they don't treat it seriously. Actually the majority acts this way. Why? Because in
order to make sensible investing decisions you have to know what you are doing. You need time
and skills to figure out which button to press.
Most people don't have time and skills to achieve this, and therefore they lose money.
And ... 98% of Forex investors lose their money!
» What about the remaining 2%?
That's the point. These 2% of investors get everything that the remaining 98% lose. This means
unimaginable amounts of money passing from hands to hands every day.
The 2% who get all the money KNOW what to do, because they ALWAYS use proper software that
makes the decisions. Only machine, a powerful computer that analyzes all the data from the the
market is able to make the right decision. Machines don't have emotions, they don't know what fear
or greed means, and they never act according to intuition. They obtain the results by means of
calculation, and this makes them the best advisers. That's why 98% of ordinary people lose their
money to 2% of wise investors.
Some of the Forex gurus talk about automated Forex systems and they even sell these systems to
other people. These systems are supposed to tell you whether to buy or sell. They draw charts, lines,
and arrows. But unfortunately, they DON'T WORK.
These systems, delivered as ebooks or simple computer programs have one big disadvantage: they
don't learn. And the market evolves daily and every new day requires a fresh, modified approach.
Only supercomputers connected to the Internet 24 hour a day are have the power to analyze the
markets in real time which enables them to correct their predictions dynamically.
That's why the BEST and the ONLY working way to earn money on Forex is by using READY
buy/sell signals generated by highly specialized, intelligent, and self-improving software.
We one of the very few companies in the world, who offers access to such signals.
Take a look how it works:
After logging in to your account you see this:
now, all you have to do is press the right button and that's it! Nothing more to do!
Can you imagine anything more simple?
Thanks to us, thousands of investors outsmart millions of others every day. 2% take
what 98% have to give.
At this moment you surely wonder if you could be among this 2% of investors? Can you too earn
tens of thousands of dollars in such an incredibly easy way? A couple of mouse clicks - is this really
enough? This is incredible!
Yes, contemporary technology creates immense opportunities and you too can take them.
Everything is within your reach, in 5 minutes you can start earning money in such a way. Yes take
a look now at your watch and imagine that in 5 minutes the simplest and most effective
method of earning that ever existed in the world can be yours.
Of course we aware of the anxieties of its customers. We understand that you
might be not 100% convinced that the system we offer really works. That's why we don't want you
to take any risk until you are entirely sure that everything what's been said here is true.
We want to offer you a 3-day trial period -use it and see for yourself that you can make big
money. The trial account we give you is not crippled in any way -some of our customers earned
several thousands dollars during these first 3 days. Without any risk - after all they were using a trial
account.
. IF you have had enough of being short on cash
. IF you want to join the 2% of smartest and most successful investors in the world
. IF you want to see in 5 minutes your dreams coming true
. No risk - 3 days is all you need to check that everything we've said here is true.
http://viralurl.com/cosmoe1/AFC2/
About the Author
Tim Korth tntenterprises new london wi 54961
If you really want to make money,
spend 5 minutes and read this.
Forex is the largest currency market in the world. It isn't located in any particular city or town. As a
matter of fact it isn't located anywhere -it is entirely electronic. All you need to start investing
money on Forex is ONE dollar and access to the Internet. These easy to fulfil requirements are the
reason why millions of people invest their money on Forex every day. Among the investors are
professional stock brokers, accountants, housewives, retired persons, students, engineers and stay-
at-home mothers -literally anybody. There's no need for any specialised knowledge or skills to
become a Forex trader.
» Is it simple?
Yes, very simple. What more - it can't be any simpler.
The Forex market users log in to their accounts via the Internet and, in the simplest case, they see in
their browsers the following:
Of course there are more sophisticated tools such as charts and other available, but the basic case
looks exactly as above.
Now, all you have to do to earn, is click one button (for example "Buy") and a moment later the
other button ("Sell"). If the price of the chosen currency pair rises in meanwhile, you can earn even
400 times more then the increase in the currency pair price.
This way, just at the effort of a few clicks a day, you can earn thousands or even hundred of
thousand dollars per day.
» OK, where the catch?
Well, the crucial thing is to know which button to press. So far this all seems more like lottery than
a method for a steady income. That's it. Many people feel that investing in Forex is more like
gambling, and they don't treat it seriously. Actually the majority acts this way. Why? Because in
order to make sensible investing decisions you have to know what you are doing. You need time
and skills to figure out which button to press.
Most people don't have time and skills to achieve this, and therefore they lose money.
And ... 98% of Forex investors lose their money!
» What about the remaining 2%?
That's the point. These 2% of investors get everything that the remaining 98% lose. This means
unimaginable amounts of money passing from hands to hands every day.
The 2% who get all the money KNOW what to do, because they ALWAYS use proper software that
makes the decisions. Only machine, a powerful computer that analyzes all the data from the the
market is able to make the right decision. Machines don't have emotions, they don't know what fear
or greed means, and they never act according to intuition. They obtain the results by means of
calculation, and this makes them the best advisers. That's why 98% of ordinary people lose their
money to 2% of wise investors.
Some of the Forex gurus talk about automated Forex systems and they even sell these systems to
other people. These systems are supposed to tell you whether to buy or sell. They draw charts, lines,
and arrows. But unfortunately, they DON'T WORK.
These systems, delivered as ebooks or simple computer programs have one big disadvantage: they
don't learn. And the market evolves daily and every new day requires a fresh, modified approach.
Only supercomputers connected to the Internet 24 hour a day are have the power to analyze the
markets in real time which enables them to correct their predictions dynamically.
That's why the BEST and the ONLY working way to earn money on Forex is by using READY
buy/sell signals generated by highly specialized, intelligent, and self-improving software.
We one of the very few companies in the world, who offers access to such signals.
Take a look how it works:
After logging in to your account you see this:
now, all you have to do is press the right button and that's it! Nothing more to do!
Can you imagine anything more simple?
Thanks to us, thousands of investors outsmart millions of others every day. 2% take
what 98% have to give.
At this moment you surely wonder if you could be among this 2% of investors? Can you too earn
tens of thousands of dollars in such an incredibly easy way? A couple of mouse clicks - is this really
enough? This is incredible!
Yes, contemporary technology creates immense opportunities and you too can take them.
Everything is within your reach, in 5 minutes you can start earning money in such a way. Yes take
a look now at your watch and imagine that in 5 minutes the simplest and most effective
method of earning that ever existed in the world can be yours.
Of course we aware of the anxieties of its customers. We understand that you
might be not 100% convinced that the system we offer really works. That's why we don't want you
to take any risk until you are entirely sure that everything what's been said here is true.
We want to offer you a 3-day trial period -use it and see for yourself that you can make big
money. The trial account we give you is not crippled in any way -some of our customers earned
several thousands dollars during these first 3 days. Without any risk - after all they were using a trial
account.
. IF you have had enough of being short on cash
. IF you want to join the 2% of smartest and most successful investors in the world
. IF you want to see in 5 minutes your dreams coming true
. No risk - 3 days is all you need to check that everything we've said here is true.
http://viralurl.com/cosmoe1/AFC2/
About the Author
Tim Korth tntenterprises new london wi 54961
Selling Gold For Maximum Profits, the Way Pros Do!
Given the recent increase in the value of gold which now currently stands at just over $1000 many people, wanting to capitalise on this trend, now want to try their hand at selling gold in a bid to make money? However, there is a great deal of strategy involved in terms of both purchasing and selling gold, and so it is imperative that a person who wishes to trade in gold for a profit becomes more aware of the factors which influence the value of it. All too often, inexperienced sellers keen to make a quick buck and becoming too greedy for their own good, sell gold at the first semi-decent price offered by a trader and this means that they miss out on substantial amounts of money.
There is a wide variety of different methods used to calculate and assess the value of gold, and an awareness of the different methods is crucial, because different traders will apply and make use of different methods to calculate the relative value. The overwhelming majority of gold brokers will rely on pennyweight scales to value your gold, and it can be a rather confusing process for the inexperienced seller. The drawback of pennyweight scales when selling gold is that they can be all too easily manipulated in a number of different ways, all of which stack the odds firmly in the buyers favour.
Gold brokers rely on people's ignorance to make that extra few dollars, and so if they can tell you are totally oblivious as to how gold is valued, then they will ruthlessly exploit this advantage. Knowledge truly is power in this context.
To try and combat this, make sure you measure and value your gold according to the gram scale, as this will give you a much fairer and precise value. In addition, you can always use this as a means of throwing gold traders off balance, if they realise you have some working understanding of how gold valuation works, then they will be less likely to cheat you! If you are determined on selling gold, and want to maximise your profits, your best bet is to ensure that you directly with the smelter or the refiner. Cut out the middleman, i.e. gold traders and sell your scrap gold direct to the source, and that way you will get the best possible return, make sure you are thorough and research potential candidates, so that you deal only with a reputable company. At the same time, make sure you brush up on the relative values and going prices for the scrap gold.
Alternatively, you may want to consider selling online, this will allow you to reach a wider audience, and if you use auction style and auction based websites such as EBay, this will allow you to drive the price up further as more and more people (hopefully) bid on your gold. Whereas selling gold in real life can be rather daunting what with the face to face hassle of negotiation, online trading removes this awkward phase of things making life much easier. In addition, you can set a reserve, which is simply a minimum price that you will not sell your for unless an asking price either matches or exceeds it.
Find out how to make selling gold very profitable. Don't worry, price of gold will never be the only factor worthy considering, before you start counting the money!
Article Source: http://EzineArticles.com/?expert=Sam_Montgomery
There is a wide variety of different methods used to calculate and assess the value of gold, and an awareness of the different methods is crucial, because different traders will apply and make use of different methods to calculate the relative value. The overwhelming majority of gold brokers will rely on pennyweight scales to value your gold, and it can be a rather confusing process for the inexperienced seller. The drawback of pennyweight scales when selling gold is that they can be all too easily manipulated in a number of different ways, all of which stack the odds firmly in the buyers favour.
Gold brokers rely on people's ignorance to make that extra few dollars, and so if they can tell you are totally oblivious as to how gold is valued, then they will ruthlessly exploit this advantage. Knowledge truly is power in this context.
To try and combat this, make sure you measure and value your gold according to the gram scale, as this will give you a much fairer and precise value. In addition, you can always use this as a means of throwing gold traders off balance, if they realise you have some working understanding of how gold valuation works, then they will be less likely to cheat you! If you are determined on selling gold, and want to maximise your profits, your best bet is to ensure that you directly with the smelter or the refiner. Cut out the middleman, i.e. gold traders and sell your scrap gold direct to the source, and that way you will get the best possible return, make sure you are thorough and research potential candidates, so that you deal only with a reputable company. At the same time, make sure you brush up on the relative values and going prices for the scrap gold.
Alternatively, you may want to consider selling online, this will allow you to reach a wider audience, and if you use auction style and auction based websites such as EBay, this will allow you to drive the price up further as more and more people (hopefully) bid on your gold. Whereas selling gold in real life can be rather daunting what with the face to face hassle of negotiation, online trading removes this awkward phase of things making life much easier. In addition, you can set a reserve, which is simply a minimum price that you will not sell your for unless an asking price either matches or exceeds it.
Find out how to make selling gold very profitable. Don't worry, price of gold will never be the only factor worthy considering, before you start counting the money!
Article Source: http://EzineArticles.com/?expert=Sam_Montgomery
Semua menunggu Federal Funds Rate
Dini hari nanti, sekitar pukul 01.15 semua trader dunia tampaknya akan menunggu pengumuman suku bunga The Fed.
Peristiwa ini selalu terjadi setiap bulannya.
Diprediksikan The Fed tidak akan terburu-buru untuk menaikkan tingkat suku bunganya, meskipun terjadi inflasi di USA. Hal ini dikarenakan masih buruknya krisis di Amerika dan data-data ekonomi yang belum membaik. Jika suku bunga dinaikkan, maka dikhawatirkan akan mempengaruhi sektor riil.
Selain berita The Fed, para trader harap memperhatikan Durable Goods malam ini. Dipastikan volume perdagangan hari ini akan cukup tinggi mengingat banyaknya data-data ekonomi yang akan keluar.
Peristiwa ini selalu terjadi setiap bulannya.
Diprediksikan The Fed tidak akan terburu-buru untuk menaikkan tingkat suku bunganya, meskipun terjadi inflasi di USA. Hal ini dikarenakan masih buruknya krisis di Amerika dan data-data ekonomi yang belum membaik. Jika suku bunga dinaikkan, maka dikhawatirkan akan mempengaruhi sektor riil.
Selain berita The Fed, para trader harap memperhatikan Durable Goods malam ini. Dipastikan volume perdagangan hari ini akan cukup tinggi mengingat banyaknya data-data ekonomi yang akan keluar.
Selasa, 24 Juni 2008
EURO melemah karena data PMI dan German Ifo Business Climate Index yang buruk
Hari Senin (23/6) Euro melemah terhadap USD karena buruknya data PMI dan Business Climate Index.
Akibat tersebut membuat nilai EURO pada kisaran 1.5467 terhadap USD.
Perkiraan saya hari ini EURO akan mengalami koreksi terhadap USD.
Untuk trading hari ini, saya sarankan untuk menunggu data German Consumer Confidence pada pukul 13.00
Analisa Teknikal EURO
R3 1.5766
R2 1.5697
R1 1.5606
PV 1.5537
S1 1.5446
S2 1.5377
S3 1.5286
Untuk time frame 4H, Euro masih mengalami downtren.
Untuk time frame 1H, Euro masih mengalami uptren.
Akibat tersebut membuat nilai EURO pada kisaran 1.5467 terhadap USD.
Perkiraan saya hari ini EURO akan mengalami koreksi terhadap USD.
Untuk trading hari ini, saya sarankan untuk menunggu data German Consumer Confidence pada pukul 13.00
Analisa Teknikal EURO
R3 1.5766
R2 1.5697
R1 1.5606
PV 1.5537
S1 1.5446
S2 1.5377
S3 1.5286
Untuk time frame 4H, Euro masih mengalami downtren.
Untuk time frame 1H, Euro masih mengalami uptren.
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