Dateline Washington, October 19th (get it?) 2010: the Peoples Bank & Trust of America has now established itself as the only bank of any kind in the USA, totally owned and managed by the US House of Representatives. A 2/3 majority must now approve all investment banking transactions; your district representative's staff reviews individual mortgage applications; and all 401(k), IRA, and remaining employer pension assets have been rolled into the Social Security Slush Fund.
Only federal and state elected officials are exempt from the 45% all purpose Income Tax. The estimated time to bring new companies public is 4.5 years; all individual account dividends and interest are paid directly into your IRS "grabber" account; CEO's salaries are limited to 50% of the amount paid to a first year congressman, and any government budget shortfalls are withdrawn from corporate earnings before any corporate obligations can be dealt with.
All employees receive the federal mandated minimum wage, except senior executives who are limited as mentioned above. Scary? This is a scenario that could play out if Congress (or the SEC) does not come to the rescue of the credit markets. You missed your opportunity to help stop it, but chances are a fix is on its way.
How many more businesses, jobs, and hopes will be killed by this irresponsible Congress? When will the average blogger realize that when a corporation fails, we all suffer? One would think that the informed and enlightened could take time out from their texting for a little research and education. Instead, they show their power by influencing public opinion numbers and the marshmallow politicians who worship them. As economist Irwin Kellner and I have pointed out, this is no bailout and we are not nearly approaching a recession.
Kellner's September 28th Market Watch article points out ten major differences between now and then: (1) In 1929, the DJIA plunged 40% in two months vs. around 30% in about a year. (2) In 1933, the jobless rate was 33% vs. 6% today. (3) The GDP shrank 25% then, but has increased 6% now. (4) Consumer prices actually fell 30% then but haven't ever since.
(5) Home prices dropped 30% then, but only 16% from the recent bubbly highs. (6) 40% of all mortgages were in default then vs. only 4% now. (7) 9,000 banks failed in the 1930s compared with just 25 or so (bigger and broader based ones) recently. (8) The Federal Reserve reduced the money supply, (9) raised interest rates, and (10) raised taxes on foreign imports.
Further, Kellner points out, we now have automatic stabilizers, deposit insurances, and market trading restrictions as protective elements. Today's Congress however, has never been good at connecting dots, has accomplished nothing under an unpopular president, and is ignoring its role as the primary creative force in today's problems. This transfusion is needed because: bad laws have obscured the values on financial institution balance sheets, and have created a clot in the credit arteries that keep the economy alive.
Educate yourselves on the Accounting Rule's that require institutions to book paying assets at pennies on the dollar. Find out why institutions are afraid to loan money to one another--- over night, at any rate of interest--- strangling the credit markets.
Doing nothing is killing jobs, killing companies, and deferring retirements for those who were counting on 401(k) and IRA dollars to provide them with income. Congress, of course has an old-fashioned pension plan, so it is unaffected by such financial realities.
Investigate the relaxation of lending standards that Congress orchestrated over the past few administrations, before blaming the companies that then extended credit to many speculators and other buyers who falsified application papers. Learn how the SEC was prohibited from regulating the CDOs and other multiple-leveraged credit market speculations. There are as many culprits outside the corporate executive suite as in it.
Congress is bursting with pride over bringing some of the Rich and Famous to their knees, and capping some of their obscene compensation arrangements at still shareholder pillaging levels. I've spoken often about how these salaries need to be controlled. But the multi-level-mortgage-marketing schemes that Congress encouraged must be unbundled somehow, and a buy out is the proper vehicle.
Congress has punished the entire world with its attack on Wall Street, and both parties are to blame. Representatives of the states listed below voted "no" to the credit transfusion, causing death and destruction that, in many instances, cannot be recouped. We have to replace them with better decision makers, representatives who can think in economic terms when they have to.
The number and letter code after the state designation indicates the number of representatives and their party: AL-1R, AK-1R, AZ-4D4R, CA-15D9R, CO-2D2R, CT-1D, FL-1D13R, GA-4D7R, HI-2D, ID-1R, IL-4D5R, IN-3D3R, IA-1D2R, KS-1D2R, KY-2D2R, LA-2D3R, ME-1D, MD-2D1R, MA-3D, MI-3D6R, MN-2D2R, MS-3D, MO-2D3R, MT-1R, NE-3R, NV-1D1R, NH-2D, NJ-3D4R, NM-1D1R, NY-3D1R, NC-3D5R, OH-3D7R, OK-3R, OR-3D, PA-3D7R, SC-1R, SD-1D, TN-1D4R, TX-8D14R, UT-1D1R, VT-1D, VA-1D5R, WA-1D3R, WV-1R, WI-1D2R (Names withheld, but available from the author.)
On Friday evening, candidates Obama and McCain gave their support to the Capital infusion, but neither bothered to explain why--- a huge audience was ready to soak up the information. Over the weekend, both attended meetings to support the plan and to generate support from their respective parties.
Is there enough time left to find a hero?
Resource : forexarticlecollection.com

Published by Olien

image The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.

The main enticements of currency dealing to private investors and attractions for short-

term Forex trading are:

*
24-hour trading, 5 days a week with non-stop access to global Forex dealers.
*
An enormous liquid market making it easy to trade most currencies.
*
Volatile markets offering profit opportunities.
*
Standard instruments for controlling risk exposure.
*
The ability to profit in rising or falling markets.
*
Leveraged trading with low margin requirements.
*
Many options for zero commission trading.

Forex trading

The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.

When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Why trade Forex instead of stocks, futures, commodities, or options? Why more and more people nowadays started trading Forex at home? Perhaps the list of advantages in Forex trading has the answer.

In this chapter of Forex 101 Classroom, we will take a look on advantages in Forex trading.
Advantages in Forex currency
trading

Equal Prospective in Rising or Falling Market Trend

There is no structural bias to the market and there are no restrictions on short selling in FX market. Trading in Forex gives you an equal prospective in rising and falling market.

As trades are always done in pair of currency pairs, Forex traders can always find chance to make money in anytime, regardless on the fall or rise period of one single country currency.

Trade Forex 24 hours a day

Forex market never sleeps. In Forex trading, you do not need to wait the market to open, you can always response to world latest movement and news immediately.

Every Sunday 5.00pm in New York, Forex market starts its week from Sydney, followed by Tokyo, Singapore, Hong Kong, London, and New York. In Forex tradng, you can always response to the market trend a lot faster than in any other trading market.

Leverage trading in Forex market

Also, with the flexibility of Forex market trading time, you can work on your trade in Forex during your free time. This means you can start small and work as part time trader before going full time on FX trading.

High Leverage Margin

Forex brokers offer trade margin of 50, 100, 150, or even 200 to 1 of trade margin.

Forex traders often find themselves controlling a huge sum of money with little cash outlay on the table. For example, a $1,000 in a 150:1 Forex account will gives you the purchase power of $150,000 in the currency market.

While certainly not for everyone, the substantial leverage available from online currency trading firms is a powerful, moneymaking tool. Rather than merely loading up on risk as many people incorrectly assume, leverage is essential in the Forex market.

This is because the average daily percentage move of a major currency is less than 1%, whereas a stock can easily have a 10% price move on any given day.

Trade Forex anywhere from the world virtually

Forex market - 24/7 trading via computer

A computer with Internet connection plus an active Forex account are sufficient for you to execute a trade in Forex market.

Professional Forex traders have the privilege to travel around the world but yet still connected to the market anytime, anywhere. The freedom of this is something you could not get else where by being an employee of a cooperation.

High Liquidity Market

Turnover value in Forex is $1.9 trillion per day. It is the largest trade market in the world and the liquidity of the market is huge. Traders can easily cash in or cash out their capital in Forex market.
Learning and Investing in Forex trading

Wrapping things up, we believe that Forex trading give a whole new option to individual traders to success financially. Learning Forex and listing Forex trading into one of your financial plans is a must.

Sources golearnforex.net

This is the simple strategy i usually used for pair GBP-JPY:

Please run your MetaTrader software. Then set this indicator:

Indicator in use:

1. Simple Moving Average (SMA 35 high) thick white line as the picture (or it's up to you)
2. Simple Moving Average (SMA 35 close) white dot (period) as the picture (or it's up to you)
3. Simple Moving Average (SMA 35 low) thick white line as the picture (or it's up to you)
4. Linear weighted (LWMA 2 close) thick blue line as the picture (or it's up to you)
5. Linear weighted (LWMA 3 close) thin blue line as the picture (or it's up to you)
6. Linear weighted (LWMA 4 close) thin blue line as the picture (or it's up to you)
7. Linear weighted (LWMA 5 close) thin blue line as the picture (or it's up to you)
8. Linear weighted (LWMA 6 close) thin blue line as the picture (or it's up to you)
9. Linear weighted (LWMA 7 close) thin blue line as the picture (or it's up to you)
10. Linear weighted (LWMA 8 close) thick blue line as the picture (or it's up to you)
11. MACD 12,26,9 like the picture (the color it's you)
12. indicator BBANDS ~ 1 (This indicator can be found on the tricks that I tell this)


in this post I include the template and the indicator , so you just copy and paste to the templates folder and the indicator folder in your MetaTrader.

How it works :

First: Use Time Frame 1 H

BUY: When LWMA 2 to 8 have been crossing to the 35 SMA high with a high mark in the emergence of new Candlestick, do not open position when only LWMA 2 to 7 cross to SMA 35. make sure all LWMA 2 to 8 crossing to SMA 35 , because when all LWMA not cross to 35 high SMA, then price probably will be going down (reversal), see sign green orb in the picture above. In addition to the mark in the MACD 12, 26, 9 are on the positive value (mountain form) see the picture above. Also marked the emergence of signal point BBANDS ~ 1 blue.
if all of the above signal is okay ... please open BUY position.


OPEN SELL: When LWMA 2 to 8 close have been crossing down to the bottom of 35 SMA low with mark in the emergence of new Candlestick, do not do open position when the SMA cross to LWMA only 2 to 7. Because when all LWMA not cross to 35 SMA low, then price probably will be going to reverse, in addition to the mark with the MACD 12, 26, 9 are on a negative value (see the picture above). Also marked the emergence of signal point BBANDS ~ 1 red.
if all of the above signal is okay ... please open positions SELL

Determining Target Point (TP) and Stop Loss (SL)

To determine the TP, if the trends are strong then you can set 100 pips, but if the trend is not so strong, so please take target 50-60 pips only.
How do I determine the trends are strong? please see your pair GBP / USD and USD / JPY Time Frame for 1 H, Candlestick when GBP / USD and USD / JPY move in the same direction, they can be sure in the GBP / JPY will also move the same direction with that 2 pair.
Example ... if the GBP / USD and USD / JPY rise 5 pips, the GBP / JPY will rise even more 10-15 pips.

Or you can use fibonacci levels to determine your TP , or with Support and Resistant level.

To determine Stop Loss, I set it to 100 pips, because the nature of this pair is wild and it can be reverse 60 pips.

this strategy match on the pair-pair wild as GBP / JPY or GBP / CHF which the movement pips a day can achieve 100-150 pips, and if the certain condition it can be up to 800 pips.
You can also trade GOLD using this strategy and get result ... hundreds of pips.

Don't forget to Set Time Frame 1 hour (H 1).


REMEMBER! Try in virtual money / DEMO account first! for 1 or 2 weeks. If you are used to profit with Virtual / demo, with a comparison of 10 times Trade 8 times profit and 2 times loss, or about 85% accuracy, so please use the Real Money / Money for your real trading.

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Source : http://www.sharewareplaza.com

Not all brokers are created equal and I hold been over my impartial share of them spell my trading career. When choosing a broker here a few things you will wish to deal with:

- Is the Price Listed Always Tradable?

Since most retail forex brokers today proposal fixed spreads, this means no matter what market conditions are occurring they are to blame to possess that spread ( but construe their fine indite consequently brokers obtain some moderately underhanded practices ). To avoid this, multitudinous brokers freeze prices during resilient or low liquidity times in consequence you pledge not utterly execute trades at the prices you are seeing. This duty produce precise frustrating. Since you duty hang out a broker that lets you trade and execute on the price you make out. Fix other words, the price you spy is the price is you pament.

- Fleet Executions

Another thing you should reconnaissance for, related to the comments main, is speedy offshoot. If an pattern takes to tall to impress filled you will not steward filled at the price you vision. This slippage reputation price due to slow standardization close guilt determination predominance profits being hidden and larger losses than expected when on the defective side of the bazaar.

- Charting and Analysis Instruments

Ace are some fine bad trading platforms direction the retail forex mart. I won ‘ t mention them by sobriquet because I admit they will eventually filter themselves out of the market if they don ‘ t shape up. A sound broker will stake you keep from an easy to help platform that puts discipline drag your hands. You should represent able to set up and customize your trades wherefore you albatross ” set and overlook ” if demand perform. Further, you should put on provided secrete charting and analysis utensils at no charge. For short name traders especially, a congenial charting parcel is constitutive since your trades will halfway betoken entirely based of specialist analysis and the usability of charts.

- Terrible Customer Brace

You yen to factor able to gibber with someone if you obtain a mess blot out the software or ditch a trade. Lets guise honest, you engagement obtain the cool software but occasionally influential may happen that aspect you compulsion to gossip stow away a matter. Since sound to move a clasp of a phenomenon is crucial, ergo 24 opening breathing conversation groundwork is a demand.

- Introducing Broker ( IB )

Due to introduced to a retail forex broker by an IB burden very maintenance retail clients since they grasp the management of forex trading. An IB is a matter who is a hip about the trading software and about trading strategies and blame service original traders strike buckle down rule adumbrate the forex software. An IB is affiliated take cover the forex broker but does not exertion for them. Repeatedly they are persons who consider money the broker, custom them, and wherefore yearning to share the broker cloak other nation. The IB hence helps the strange traders who unbolted accounts plant the retail forex broker.

Whether you are trading the markets full extent or unit week sound is unpresumptuous to own a broker you culpability dependence and rely on to always bring you the extensive admirable qualities. If you are involved pressure receiving into trading or keep been thinking about switching to a unlike broker I would typify gleeful to maintenance you dream up the transition. If you necessity a broker that provides top dent service guidance each of the uppermost area in consequence lease me cure you out.

All the finest to you force your trading,

Don't let anyone tell you that can predict Forex price movement with scientific accuracy, it's a lie. Prices don't move science but you can make money, here's how...

The reason Forex prices are not predictable is obvious, humans decide the price of any currency and you can't predict what they will do with certainty.

There is a big industry selling Forex robots and gurus selling get rich quick systems, telling you that you can predict prices in advance but common sense tells you this cannot be true - why? Because if you could predict price, everyone would know the price in advance and there would be no market. Prices move because you can't predict them, NOT because you can.

You can make money though!

To make profits you have to calculate and trade the odds successfully.

While you cannot predict human nature with certainty, it is constant and never changes. The emotions of greed and fear are always present and these emotions are reflected in high odds, chart patterns that are tradable for profit.

When you trade Forex, you need to trade like a good poker player, who folds or passes by hands that have low odds and then bets when the odds are in their favour. If you do this and have sound money management, you can make a lot of money.

We all want to be perfect and pick market tops and bottoms in advance but it's simply not possible.

To win at Forex, you need to trade the reality of price change only. Prediction is simply hoping or guessing and you will find your predictions (if you try them) are as accurate as your horoscope.

The best Way to Trade is:

Look at a Forex chart and you will see long trends that last for many weeks or months.

Most of these big trends start and continue from new chart highs or lows. You should therefore trade breaks of important support and resistance levels and follow them, as chances are a big trend will develop. You're NOT predicting, you're trading the reality of price change and increasing your odds of success.

Most traders can't trade breakouts because they think they have missed the start of the move and wait for a pullback to get in. It doesn't come and the trader misses the move.

To build a breakout trading system is easy and will always have the opportunity make money, as markets will always trend.

Simple systems work best in Forex trading and we will show you how to put together a simple, long term, forex trading breakout system, in part 2 of this article series.

Trading the odds and trading long term, is the way to make money and you don't need to predict anything!

Source : http://www.forexarticlecollection.com

The Federal Reserve is buying Treasury notes and other unconventional measures remain an option, if the economy will not respond appropriately to actual policy rates. The currency markets, in the mean time, are waiting for the ECB decision. The line of least resistance has yet to be found.



Banks are under scrutiny in the U.S.

The state of the U.S economy stays critical, but signs of bottoming are beginning to emerge here and there. Durable good new orders, as an example, fell less than expected in March by 0.8% (-1.4% expected) versus Februarys rise of 2.1%. Declines were broad based, autos and metals are in red, but non-defense capital good orders rose 1.5% on the top of February’s gain of 4.3%. Rumors that some U.S. banks are under tight scrutiny are remanding us that the tail of the financial crisis is still in motion. However, the difficulty for the U.S. dollar to break above key resistance levels might be the confirmation that markets are already anticipating a stabilization of the economic process. The real estate market could lead the economic rebound, but inventories should decline from current high levels before the market will considerably pick up from the bottom.

The U.S. dollar is again under pressure against major currencies, as a stabilizing economy would increase inflation threats and reinforce the long term bear cycle that started in 2001. In effect, crude oil might be bottoming at current levels, while the European Central Bank (ECB) could now adopt a ¡§wait and see¡¨ policy on rates.



A tentative bottom in action for the U.S. economy

After having plunged for many months, growth appears to have found a bottom in the United States. Some banks are beginning to lower credit standards on businesses and commercial real estate loans, as few key indicators start the manifest a slight better picture. A milder scenario might anticipate a tentative stabilization for the U.S. economy that must be confirmed over the course of the year. The real estate market is leading the way, but other sectors are beginning the move. For the second consecutive month, pending home sales rose in March 3.2%, as construction spending moved up 0.3% for the first time in five straight months. In effect, despite staying below the benchmark of 50 for the fifth straight month, the ISM non-manufacturing index rose to the highest level since October of last year and reached 43.7 in April (40.0 expected) from 42.2 in March. New orders climbed to 47, while employment moved up to 37 from 32.3.

Is The U.S. Dollar At A Crucial Level?
by Angelo Airaghi [Guest Analyst]
4/13/2009


The state of the economy is still critical in the U.S., but few signs of hope are beginning the shine here and there. The housing market, as an example, is meeting various levels of support, despite inventories staying at plethoric level. An important week has started for the U.S. dollar. The short term trend is on the downside against major currencies, but key support lines must now be overcome.


U.S.: housing leading the way?

The U.S. trade deficit declined again in February and it is now at USD 25.97 billion from USD 36.2 billion in January. It was the smallest level since 1999 with exports increasing 1.6% (-16.9% compared to one year ago) and imports declining 5.1% (-28.8% compared to one year ago). The state of the U.S. economy stays extremely critical, albeit few gimps of hope are beginning to shine here and there. In the FOMC minutes of last week, Fed officials narrowed growth expectations this year, as the weak labor market is undermining consumes, and forecasted that a rebound will only take place in 2010. In effect, the number of people unemployed declined only marginally to 654,000 from 674,000 in the week ending April 4. As a result, the Fed might keep interest rates low for this year, and maybe for part of 2010 as well, but a different approach could be needed when the economy will start to move again.

Source : http://www.forexnews.com/AI/default.asp?f=A20090413A&cm=&cy=&ad=&cd=

ECB: A Turning Point?
by Angelo Airaghi [Guest Analyst]
5/4/2009


The European Central Bank (ECB) is meeting this week for what might be one of the most important days of the year. Words by ECB officials will be carefully scrutinized, as a change in market sentiment might again support the Euro and penalize the U.S. dollar over the medium term.

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U.S.: swinging numbers for an unstable environment

The economic growth is evolving in the United States with some sectors showing signs of improvement (real estate), while others still succumbing to the current crisis (employment). The mixed data testifies an unstable economic picture. Factory orders, as an example, declined 0.9% (-0.6% expected) in March, while the University of Michigan consumer confidence index printed 65.1 in April from March 57.3. However, growth should improve in the last part of this year supported by the favorable credit environment, the large stimulus package and a better world economic prospective. In effect, China appears to be quickly moving out of recession. For the first time since June, and for the second straight month, the local¡¦s manufacturing PMI expanded. The awakening of the Asian¡¦s giant will increase the demand for raw materials and help the global economic growth as well. The magnitude of current recovery has yet to be fully discovered, but positive expectation is increasing in the United States.


Angelo Airaghi is a Commodity Trading Advisor, registered with the National Futures Association and the Commodity Futures Trading Commission. He has been an active professional since 1990 working for major international financial companies. In the past 10 years, Angelo Airaghi has been an analyst and commentator for national and international media.

Source : http://www.forexnews.com/AI/default.asp

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My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.

So now, let's compare features of currency trading to those of stock and commodity trading.

Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.

Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.

Leverage — Depending on your Forex account size, your leverage may be 100:1, although there are Forex brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the Forex market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.

Trading costs — Transaction costs in the Forex market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.

Minimum investment — You can open a Forex trading account for as little as $300.00. It took $5,000 for me to open my futures trading account.

Focus — 85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely.

Trade execution — In the Forex market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent.

While all of these features make trading the Forex market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.

by Susan Walker

Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.

A few additional points, which create such powerful leverage for investors within the forex market are: The amount of capital required to begin investing in the market is only three hundred dollars. For the most part, any other investment market is going to demand thousands of dollars of the investor in the beginning. Also, the market offers opportunities to profit regardless what the direction of the market may be; In most commonly known markets investors sit and wait for the market to begin an up trend before entering a trade. Even then, investors, as a rule must sit and wait some more to be able to exit the trade with a nice profit. Given that the forex market produces several up, down, and sideways trends in a single day, it can easily be seen that forex stands head and shoulders above other markets. Additionally there are trading strategies, which are taught that provide for compounded profits; these are profits on top of profits. In addition, free demo accounts are available within the industry of forex trading, which facilitate the sharpening of skills without the risk losing any capital. And the advantage regarding the time factor in trading foreign currency is a very attractive point for any investor. Compared to one of the most sought after avenues of investing, which often requires forty or more hours each week, namely in the real-estate market, the forex market requires a much smaller demand on the investor's time. Forex trading requires approximately ten to fifteen hours each week to earn a full time income. It's easy to see that the advantages and great leverage that exist in the forex market, make it among the most lucrative, time liberating, and easy to enter by far.

I hope this information gives you a clear understanding of how you can turn your investing into a true method of making your money work harder for you.

by Joe Clinton

Introduction

The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants.

Excerpt from the BIS:

"The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS

Structure

* Decentralised 'interbank' market
* Main participants: Central Banks, commercial and investment banks, hedge funds, corporations & private speculators
* The free-floating currency system arose from the collapse of the Bretton Woods agreement in 1971
* Online trading began in the mid to late 1990's

Trading Hours

* 24 hour market
* Sunday 5pm EST through Friday 4pm EST.
* Trading begins in the Asia-Pacific region followed by the Middle East, Europe, and America

Size

* One of the largest financial markets in the world
* $3.2 trillion average daily turnover, equivalent to:

o More than 10 times the average daily turnover of global equity markets1
o More than 35 times the average daily turnover of the NYSE2
o Nearly $500 a day for every man, woman, and child on earth3
o An annual turnover more than 10 times world GDP4

* The spot market accounts for just under one-third of daily turnover

1. About $280 billion - World Federation of Exchanges aggregate 2006
2. About $87 billion - World Federation of Exchanges 2006
3. Based on world population of 6.6 billion - US Census Bureau
4. About $48 trillion - World Bank 2006.


N.B. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%.

Source: BIS Triennial Survey 2007

Currency Pairs

* Majors: EUR/USD (Euro-Dollar), USD/JPY, GBP/USD - (commonly referred to as the "Cable"), USD/CHF
* Dollar bloc: USD/CAD, AUD/USD, NZD/USD - (commonly referred to as the "Kiwi")
* Major crosses: EUR/JPY, EUR/GBP, EUR/CHF

Average Daily Turnover by Currency Pair


Source: BIS Triennial Survey 2007

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Source : http://www.goforex.net/forex-market-snapshot.htm

Online brokers give an important role to play when you open an online trading account. Every Last broker can offer different services and features. You must research all the online brokers to find the foremost broker to meet your needs. I experience listed a huge number of online brokers and placed their information for you to read in one easy-to-read webpage. This is a free, "no-cost to you" service for our valued readers and can be seen on this link Best Forex Broker

What to search for in an online broker.

Brokerage House rates - this is the range at which you are charged for buying or selling through your online account. These rates are usually charged based on a sliding scale. The more units you purchase in a single transaction, the less the "cost per unit" you will pay. The correct sliding scale can vary and may sometimes be negotiable for larger buys. Compare for each one broker and read the fine print within contracts. Selection the one that best meets your buying and selling style.

History fees - Look for hidden fees in account contracts within the terms and conditions. I acknowledge of one broker who requires an extra $10 to transfer money out of an account "quickly" as against withdrawing money normally. Hardly a reasonable fee, I'd say. All fees should be listed in the terms and conditions listed in opening an account.

Phone access - Online services can go down during hours of service. Gaps to broadband services, power outages and computer problems can stop you from accessing information you need at critical points. This is why you must experience phone access to your online broker. Do not even consider using an online broker if they do not provide phone access.

Access to your money - I prefer giving instant access to my money regular though it is held in a cash account by the broker. Most brokers will experience a cash account facility that is linked to your trading account. My account is linked to a MasterCard account, which means I can access that money anytime through any ATM or make purchases as I would normally using a MasterCard. Don't be misled into thinking you must only have a separate cash holding account with the online broker. There are lots of options open to you as a client and good online brokers will provide several options for your cash holding account.

Extra benefits - essay out those brokers that give you extra inducements to open an account with them. Some offer a limited free brokerage period. Others will offer free reports on the markets you are interested in. These bonus offers can help you getting you account given and setup a profitable trading account. For more information on finding the best online stock broker feel free to visit our website.

The CFD FX REPORTis the real time traders tool, that gives you daily trading ideas, stock market and forex education.

Forex Broker- Selecting the Correct Forex Broker-00-402

Today we are seeing many people starting to trade the Forex Market, as it is recession proof. It is also the most liquid market in the world, turning over in excess of $3 trillion every day.

So if you are looking to get into Forex trading then the most important step you can take is to find a great Forex Broker.

FOREX trading can be risky, but it does have huge potential for you to either make a lot of money or lose a lot of money. If you have been around the market awhile you will realize that not all FOREX Brokers are equal, and in fact some border being just plain rip off merchants. This can be a major turn off for many new investors, the fear of being rip off by a FOREX Broker. So how can you find a Great FOREX Broker?

So how can you find a Great Forex Broker?

The great news is that there are some awesome FOREX brokers in the market. A good place to start is finding FOREX Brokers as a referral or through a company that knows a lot about FOREX brokers.

Now if you don't feel comfortable with that and you want to do all the hard work of researching brokers yourself, then here is a list of things to look about when looking for a great FOREX Broker.

1. Forex Broker Tip 1: Make sure the FOREX Broker is validated the companies reputation- See what license they hold

2. Forex Broker Tip 2 See who the FOREX Broker is regulated with and make sure you do a search within the regulators to ensure everything is okay.

3. Forex Broker Tip 3 Check how long the FOREX Broker has been operating for, if it is a short time it maybe better to use someone that is more established.

4. Forex Broker Tip 4 See what the spread and or commissions that the FOREX Broker charge

5. Forex Broker Tip 5 Does the FOREX Broker offer stop losses, do they have guaranteed stop losses what are the charges and fees?

6. Forex Broker Tip 6 Does the FOREX Provider requite your orders? If the do stay away

7. Forex Broker Tip 7 What about slippage, if there is slippage find a better FOREX Broker?

8. Forex Broker Tip 8 Where is your money held? If it is not through a reputable bank stay away

Most importantly whatever broker you start with, start off small, test the waters these are just some of the research that CFD FX REPORT use when looking for a Great FOREX Broker.

Remember the real key to success a forex trader is education. The more knowledge that you have the more chance you have of becoming a successful trader. To continue learning a great place to visit is the CFD FX REPORT they offer a range of Free education lesson, free forums and they help you find the best Forex Broker .

Happy Trading!