Made Easy Forex

Q:  Where can i get free technical analysis for forex pairs?A:  Go to Forex Technical Knock Out it is a great website.ForexTKO offers FX education, real-time exchange rates, forex news, currency analysis, market forecasts and daily technical charts, Forex reviews of brokers, trading signal providers, courses, ebooks and managed accounts. Everything to do with forex, frominformation for beginners to some of the most advanced strategies.Daily and Weekly charts what to trade and when to trade.

Q:  In order to do technical analysis for day trading I want to have web site that provides real time charts and host of technical indicators to work on. BSE & NSE are not of much use and Yahoo Finance is late by 20 minutes and therfore not of any value for day traders. I dont mind paying if there is no free site but even after payment if I am linked to yahoo finance it is of no use. I am operating from India. I am sure some knowledgable …

Q:  What Exactly Is Pivot Point? And how does it help in forex and candle chart studies?A:  A pivot point is a calculation of support and resistance lines based on the high, low and close price of the previous day. You can use it for instance as a trend indicator, if the market breaks out of the region indicated by the pivot lines, then it’s trending. Often after breaking out to the upside, the pivot line will start to act as a support.

Q:  Can anybody explain what rollover fees are in Forex? I know they are the differences in overnight rates, but I still don’t understand them. I saw a chart that had different values for each currency pair, why are some positive and some negative? If this chart is accurate, should I just trade currency pairs with a positive rollover fee?
A:  If you hold a Forex position overnight, you pay or receive what is called a Forex rollover fee.The rollover fee is calculated by the difference in the Interest rate that …

Q:  About 3 years ago I was introduced to the Forex market. I took a stupid technical analysis course which taught me almost nothing about application of technical analysis, just meanings behind formations and candlesticks. I invested 5k with FXCM and started trading. I lost the 5k in 2 months, and at the time, 22 years old, losing that much money was devastating. I have been running demos since then trying to figure out my problem. Finally, after three years, I am profiting in demo’s substantially. Each thirty day demo …

Q:  I’m new to online forex trading. I’ve got a little money to start with but I don’t know the minimum balance to start forex trading. Also, could someone tell me the best site (that accepts paypal) that I can trade on. I’d also like to know the basics of forex trading i.e how to read the charts, how to start trading, etc. and finally, could someone please tell me the pros and cons of online forex trading.
A:  Reading books about forex is one good way to start with. it …

Q:  Just like the stocks are combined into NASDAQ for example, then why can’t you combine the forex pairs and assign them a mathematical value???
Take a look here:
http://www.fxstreet.com/rates-charts/currencies-glance/
Fxstreet lists 34 forex pairs.
Benefits:
- Less risk.More pairs – less risk. Traders will take advantage because the market is open day/night in contrast to the daily trades among the stock market. That said, the forex traders gain several times more action with reduced risk, thanks to the combination of many pairs at once. No surprises anymore:Think about it: The european bank annouces higher …

Q:  I made a trade on GBP/USD today on 1 hr chart..However I am just about to be stopped out..The details of the trade are present onhttp://the-forex-trading.blogspot.com.Can you please tell what is wrong in my technical analysis?
A:  I think I’m understanding you correctly that you are short, right? You did this essentially at the lows today, correct?
RSI and MACD are both showing positive divergence, and had already begun to turn up before that steep decline.
You are reacting, not anticipating. For example, the .618 Fib level is the place to go …