Sunday, September 30, 2007
Forex Day Trading System - Exciting Info!!
Forex Day Trading System - Exciting Info!!
There are quite a few exciting infos that I have to share.
First, my blog has reached 600 subscribers in the RSS feed list..Thanks to all of you for making it such a popular blog site..Keep visiting and I'll share lot of other useful information also on the world of forex trading.
Next exciting news is that I am in middle of creating a forex trading course which will be launched in next few weeks and guess what I am going to distribute it Free to about 50 people before I start selling it. Why? One reason is that this is a way for me to thank the loyal visitors of this site. The next is that their feedback will allow me to improve the curse before it full fledgedly gets launched in the market.
I'll put up an opt-in page very soon for you to register..As you know me I am against Spam!! So don't worry about your email ids..:-)
The next is about historic moment on USD/CAD!!!!! Yes, the balance has shifted to CAD. The canadian dollar has become more stronger than USD. As of today 1 USD is equal to 0.99 CAD
Though this is historic, it opens a whole lot of sell opportunities. If you look at the monthly charts, the USD/CAD currency pair has just now broken the strong support, so it is extremly bearish. So what hour time frame you trade, daily or hourly or even 15 min, look for good entry points!!
Also, do remember, this week the NFP (Non farm payroll) numbers are going to come out.
Thats all in this message..Keep visiting to learn on online forex trading
There are quite a few exciting infos that I have to share.
First, my blog has reached 600 subscribers in the RSS feed list..Thanks to all of you for making it such a popular blog site..Keep visiting and I'll share lot of other useful information also on the world of forex trading.
Next exciting news is that I am in middle of creating a forex trading course which will be launched in next few weeks and guess what I am going to distribute it Free to about 50 people before I start selling it. Why? One reason is that this is a way for me to thank the loyal visitors of this site. The next is that their feedback will allow me to improve the curse before it full fledgedly gets launched in the market.
I'll put up an opt-in page very soon for you to register..As you know me I am against Spam!! So don't worry about your email ids..:-)
The next is about historic moment on USD/CAD!!!!! Yes, the balance has shifted to CAD. The canadian dollar has become more stronger than USD. As of today 1 USD is equal to 0.99 CAD
Though this is historic, it opens a whole lot of sell opportunities. If you look at the monthly charts, the USD/CAD currency pair has just now broken the strong support, so it is extremly bearish. So what hour time frame you trade, daily or hourly or even 15 min, look for good entry points!!
Also, do remember, this week the NFP (Non farm payroll) numbers are going to come out.
Thats all in this message..Keep visiting to learn on online forex trading
Labels: forex chart, forex Entry, nfp, online forex trading, support and resistance, USD/CAD
Sunday, May 06, 2007
Forex Trading - Something Exciting in May 2007
Forex Trading - Something Exciting in May 2007
There is something exciting in May 2007.. I am happy to tell you about it.
What is it? You will come to know very soon..Can you guess it? If yes, feel free to drop your comments..
A new week has started..Now also the forex trading market temporarily is looking USD bullish..
The EUR/USD currency pair looks to be at the major resistance level.. If it breaks that I guess we may see it reaching 1.3675 which will be +50 pips if I enter at 1.3625
Thats all in this short message...Visit again to learn more on forex or currency trading.
There is something exciting in May 2007.. I am happy to tell you about it.
What is it? You will come to know very soon..Can you guess it? If yes, feel free to drop your comments..
A new week has started..Now also the forex trading market temporarily is looking USD bullish..
The EUR/USD currency pair looks to be at the major resistance level.. If it breaks that I guess we may see it reaching 1.3675 which will be +50 pips if I enter at 1.3625
Thats all in this short message...Visit again to learn more on forex or currency trading.
Labels: currency trading, EUR/USD, forex chart, support and resistance
Monday, April 09, 2007
Forex Day Trading System : Resources for Forex Charts
Forex Day Trading System : Resources for Forex Charts
In one of my articles few days back, I mentioned the importance of reliable and realtime forex chart. Some of you have asked me few sources for them.
The best source is the chart service that your broker provides. So, for e.g. since I use the plateform offerred by FXCM, I use the chart provided by them since my buy and sell price are reflected in the charts provided by them.
Other than that, the sources are -
www.dailyfx.com - Great site with important news and links to free and paid forex charts
www.esignal.com - Paid service. However, if you are beginner in forex market, I recommend you to use free charts only.
By the way, did any one of you traded the fundamental announcement and news of NFP (Non farm payroll)?
Thats all in this session to learn day trading the currency market. Visit again to learn more about forex tips and tricks.
In one of my articles few days back, I mentioned the importance of reliable and realtime forex chart. Some of you have asked me few sources for them.
The best source is the chart service that your broker provides. So, for e.g. since I use the plateform offerred by FXCM, I use the chart provided by them since my buy and sell price are reflected in the charts provided by them.
Other than that, the sources are -
www.dailyfx.com - Great site with important news and links to free and paid forex charts
www.esignal.com - Paid service. However, if you are beginner in forex market, I recommend you to use free charts only.
By the way, did any one of you traded the fundamental announcement and news of NFP (Non farm payroll)?
Thats all in this session to learn day trading the currency market. Visit again to learn more about forex tips and tricks.
Labels: currency trading, forex broker, forex chart, forex day trading, fundamental announcement, fundamental news
Saturday, March 31, 2007
Forex Day Trading System : importance of correct forex charts
Forex Day Trading System : importance of correct forex charts to follow trade
I have observed that most of the traders and newbies generally tend to focus on the book to learn trading stratgies or systems and not focus on rest of the essentials. What they don't realize is that it doesn't matter if you have wheat in the house and not the utensils to cook it.
Same goes with forex trading. Along with having a sound forex day or swing trading system, you also need to have other necessaties lined up. One of such necassity is a good trading chart. Without the currency trading chart its as good as doing gambling. Your entry points, exit points may not be right, you will not know the trend and other points.
Here are the important points to consider when identifying a good forex chart -
1. It should update realtime.
2. It should allow yoputo fluctuate between different time periods such as a daily chart or 1 hr chart or 5 min chart etc.
3. It should allow you to put atleast some popular technical indicators such as EMA, RSI, MCD and Fibonacci. Others are parabolic sar, stochastics, candlesticks etc.
4. It should allow to follow charts of multiple currency pairs such as EUR/USD, USD/CHF or GBP/USD etc.
Thats all in this session of forex day trading..Visit again to learn more on the exciting world of currency trading.
I have observed that most of the traders and newbies generally tend to focus on the book to learn trading stratgies or systems and not focus on rest of the essentials. What they don't realize is that it doesn't matter if you have wheat in the house and not the utensils to cook it.
Same goes with forex trading. Along with having a sound forex day or swing trading system, you also need to have other necessaties lined up. One of such necassity is a good trading chart. Without the currency trading chart its as good as doing gambling. Your entry points, exit points may not be right, you will not know the trend and other points.
Here are the important points to consider when identifying a good forex chart -
1. It should update realtime.
2. It should allow yoputo fluctuate between different time periods such as a daily chart or 1 hr chart or 5 min chart etc.
3. It should allow you to put atleast some popular technical indicators such as EMA, RSI, MCD and Fibonacci. Others are parabolic sar, stochastics, candlesticks etc.
4. It should allow to follow charts of multiple currency pairs such as EUR/USD, USD/CHF or GBP/USD etc.
Thats all in this session of forex day trading..Visit again to learn more on the exciting world of currency trading.
Labels: currency trading, EMA, Entry, exit, forex chart, Forex day trading system, forex pips, rsi, technical analysis
