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Technology/Analysis »

[15 Nov 2009 | No Comment | 711 views]
EUR/USD:Buy euros at 1.484, 1.48, stop loss, targets 1.495

The EUR/USD exchange rate in the previous trading day relative trend appeared some ascribed to fall trend, but overall the euro at 1.4800 above the line.Technically, at present, the euro broke through the 4-hour orbit 1.4700 downtrend channel line has re-turned up after the short-term trend, average group also showed long arrangement, the present support remains at 1.4800 below the line, relying on this bit operation can be used for The euro-based multi-strategy, is expected to rebound once again today, the euro rose a larger probability.
 
Trade direction: Group-buying
 
Strategy: You can …

Answers »

[15 Nov 2009 | 4 Comments | 171 views]

Q:  I’m just starting forex trading and was wondering what tracking program would be best for me to begin to do Technical Analysis with. It would be nice if I could use a free program or at least a low cost one but if I need to I’ll spring for a program to help me track currencies and develop a trading strategy. User friendliness is key because I’m a totally novice trader. Any reading materials for learning better TA or websites are also greatly appreciated.
A:  You may want to check …

Forex Education »

[6 Nov 2009 | No Comment | 242 views]

If you are a Investors,Forex trading is quite lucrative.But do you know what’s the most important things of forex trading? Let me tell you!
Forex prediction needs so much expertise, as you have to go into numerous details including past or historical trends, market movements and previous performances. An expert Forex forecaster will base his forecasts on the analysis of technical and fundamental aspects of Forex trading and he’s got a grasp of the current trends to predict future trends.
Such an expert uses the existing data and facts to forecast the …

Answers »

[24 Aug 2009 | 10 Comments | 218 views]

I am unemployed. I have tried Forex trading but I am just breaking even. Do you have any tips on how to succeed? Thank you!

Technology/Analysis »

[15 Jun 2009 | One Comment | 885 views]
How soon you start making money?

Question:I heard a lot of people said 85% of foreign exchange trader lose money. I wonder how long and roughtly how much the trader lose become they become the remaining 15% winners.
Answers: Entirely up to you!
The average learning curve to learn how to profitably trade forex (or any other market) is about 24 months. What you want is to get from day one to the time you are consistently making money with the least loss possible. Here’s how you do it.
- First open a demo trading account
- Trade that demo …

New To Forex »

[14 Jun 2009 | One Comment | 416 views]

Question: I am a Forex novice,I want to know What is the best Forex site for news and tips?
Answers: I think you have chosen the perfect pair to get started trading in the Forex market. The GBP/USD is more consistent and predictable than many of the other pairs. With the right strategy, knowledge, money management, and attitude you should be fine. It is true that Forex is not for the faint of heart but you CAN be successful trading Forex.
As for good sites for tips, news, analysis:
I use bloomberg for my …