Short Term View on some majors ~ forex trading based on news
The following currency on H4 are almost ripe for long. I used the word almost, because the signals is not there yet. The best way to use H4 is actually see the signal in the form of the next one or two reversal candles on H4. What is required is to monitor the pair and wait for the signals. It is not advisable to pre-empt the move, wait for the sigal on H4. After a sigficant fall by most of the pairs, they are due for a reverse. The advantage of H4 is that you will get adequate notice of between 8-16 hours. We attach the relevant charts for guidance More info for Short Term View on some majors ~ forex trading based on news:
Converting Profits and Losses in Pips to USD ~ forex trading apple mac
3-Converting Profits and Losses in Pips to USD
To calculate your profits and losses in pips to your native currency, you must convert the pip value to your native currency. The following calculations will be shown using USD as an example.
When you close a trade, the profit or loss is initially expressed in the pip value of the quoted currency. To determine the total profit or loss, you must multiply the pip difference between the open price and closing price by the number of units of currency traded. This yields the total pip difference between the opening and closing transaction.
If the pip value is USD, then the profit or loss is expressed in USD, but if USD is the base currency, then the pip value must be converted to USD, which can be found by dividing the total pip profit or loss by the conversion rate.
Example—Converting Pip Values to USD.
You buy 10,000 Canadian dollars with USD, with conversion rate USD/CAD = 1.100. Subsequently, you sell your Canadian dollars for 1.1200, yielding a profit of 200 pips in Canadian dollars. Because USD is the base currency, you can get the value in USD by dividing the value by the exit price of 1.12.
10,000 CAD x 200 pips = 2,000,000 pips total. Since 2,000,000 = 200 Canadian dollars, your profit in USD is 200/1.12 = 178.57 USD.
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Medium Term View on some of the majors ~ online forex trading news
USDCAD Daily chart is currently close to a resistance that has failed to give way since June 2010. It is being tested for the third time this month. If the resistance hold then the current bullish trend could be reversed. If the resistance is eventually broken, the next resistance is at 1.08584 area. The best option for medium term trade is to monitor the pair and wait for the sigal
AUDUSAD Dily chart is currently in the middle of channel. It can go either way. The current position is not ideal for any medium term trade.
GBPUSD is on its way down, but it has not reached its destination. The current position is not ideal for medium term trade. For medium term trade, the best option to wait for the time when the current trend will reverse.
GBPJPY is getting close the end of the channel. Being a volatile pair, it is not advisable to go long yet. The last signal was given on 28 of this month and it retraced by almost 500 pips and back to the spot in 5 days. That is about 1000 pips both ways. The signal to sell was given around 137 area. If you miss either of the two the best option is to wait. More info for Medium Term View on some of the majors ~ online forex trading news:
What Is Fundamental Analysis in Currency Market An Introduction ~ forex trading courses in mumbai
Basic Knowledge About Forex Market
Currency Market Movements Depends on many factors. The forex market is very much dynamically changing and volatile market at a time. So that , investors should learn all Basics about forex market before entering in this very risky business. At the primary stage, You have to learn, What is Forex Fundamental Analysis ?
Forex fundamental Analysis :- Fundamental Analysis is the foundation of Forex. Fundamental analysis in Forex is a type of market analysis which involves studying of the economic situation of countries to trade currencies more effectively. In Forex. longer term movement always depends on Fundamental factors. But Short term trades depends on Technical analysis ( Chart Pattern ). If any traders combine Technical analysis and fundamental analysis in their trades , can get huge profits and can build their own healthy Bank Account .
Fundamental Analysis purely depends on World Economic situation. It gives related information about big political and economical events which deeply influence currency market. Fundamental Analysis is used to analyze the valuation of currencies by monitoring various economical, social, political factors. Important economic indicators like interest rates, unemployment rates, gross domestic product, etc basically affects currency movements. In particular, announcements related to United States economy and politics are the primary factors .
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Japan Retail Sales Improve 0 1 In December ~ forex trading classes in kl
Japan Retail Sales Up 0.1%
The Ministry of Economy and Industry, Government of Japan Said on Wednesday morning,(30th January.13) that Retail Sales of Japan were up 0.1% in December worth 13.098 trillion Yen.
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Your Mother Could Make Money In Forex Trading ~ forex trading app for ipad
Your Mother Could Make Money In Forex Trading
The question would be not whether she could but rather would she enter the Forex trading market. The Forex day trading arena is a veritable snake pit ripe for scam artists to bilk money out of unwary investors. On the other hand, it is a forum for educated traders with the correct education, tools, and trading strategy to make a handsome income.
Becoming a successful Forex trader basically comes down to four things; 1) attaining the correct education. 2) using Forex tools which. 3) use your own personal trading strategy. 4) finding the correct Forex broker to fulfill your requirements.
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Marginal Trading in Forex Trading Systems ~ forex trading apprentice download
An inside bar is among the major forex price action trading strategies. The inside bar forms when the low and high of the bar are within the range of the mother bar. The inside bar can be traded in both the 4 hour chart and the daily chart.
Due to the nature of the inside bar, it is not advisable to trade it on particular days associated with low volatility or little market movement.
1. Saturdays and Sundays
The first way to avoid trading inside bars that form on weekends is to use an online forex broker that uses the five day chart. If your forex broker uses the seven day chart you need to be careful about the trading signals that form over the weekends. Every trading edge that forms after the New York Close at 5: 00 pm EST on Fridays should be held suspect. A lot of forex brokers actually use the seven day charts and every forex trader must be extra careful not to execute trades on the basis of signals that form on Saturdays or Sundays when the London and New York markets are closed. Any inside bar that forms on Saturdays or Sundays should never be traded because they end up being false signals. They don’t reflect the general mood of the forex market.
2. International Holidays
Inside bars that form on international holidays should also not be traded. The forex market is always closed on international holidays such as Easter Monday and Good Friday. Although the online forex market is a 24/7 affair, it does not imply that markets don’t respect holidays. As a matter of fact, the forex brokers, hedge funds, banks and retail traders that contribute to the running of the forex market are humans that must get a rest. If they are not engaged in forex trading, there is no way the price action strategy will bear good results. Master international holidays and ignore all inside bars that form on such days.
3. United Kingdom Holidays
If your online forex broker uses the London open forex charts, you must bring yourself to the knowledge of the relevant events in London. List down all the United Kingdom holidays that may affect your success trading the inside bar in the online forex market. Mostly your forex broker will let you know about holidays in their forex reviews. But if you are a forex trader that rarely looks at reviews, then you need to have all the relevant information about the London forex market charts written somewhere. Remember, inside bars can easily lead to loses in the forex market when traded on the wrong days. The trade will turn against you due to your lack of knowledge of when to trade the inside bar successfully.
4. American Holidays
This applies to all forex traders using the New York close charts. Online forex volatility falls whenever the New York Stock Exchange closes. This happens at daily at 5:00 pm EST. if your broker uses the New York close charts, you must be aware of the relevant trading days in the United States of America. Short of that you will mistakenly trade an inside bar that forms on an American holiday. The consequences will be dire as you will have a losing trade and lose faith in your trading edge and the forex market all together.
Most of the time that our edge turns into a loser is because we’ve rushed into the forex trade and executed a trade without considering whether our trading edge is genuine or not. Trading genuine inside bars in the forex market implies trading only inside bars that form on the right days. Success in the online forex market comes after mastering the what, when and why. Know what to trade, when to trade, and why to trade. In forex, learn how to trade the inside bar only after answering the what, when and how to trade. That way, the online forex market will not be a painful endeavor.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. Call us today on 0725 050 419 for the best forex trading orientation.
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How to Bring Real Happiness in Our Busy Life Explore Some Hidden Secrets ~ free forex trading courses london
Are You A World Most Happiest Person ?
Explore the Secrets of Happiness
Now we are in 2013. This is the Century of machines. All the single persons through out the World are busy now to acquire full Happiness by there single penny. Because still our old thinking is "Money Can Buy Happiness" . Recently Professor Michael Norton, Harvard Business School , reported at the TED conference. that money can bring happiness only when it spends to other people . According to him, if you buy a $ 5 gift to your friend, its significantly boost Joy in your life. He also argued that ,nearly every country, people who donate to charity are more blissful than those who only spend on themselves.
In the study, the researchers approached strangers on the street and either gave them $5 or $20 to spend by the end of the day. Those who used the windfall to benefit others, by buying toys for siblings, treating friends to coffee, or giving it to the homeless, felt far greater happiness than those who were told to spend it on themselves. Yet most study participants predicted the opposite: that they’d gain more pleasure by buying themselves a little treat. Here We Exploring some more hidden Secrets of Real Happiness:- 1 - Happiness is Contagious Rejoice if things are going well for your friends and neighbors: Research shows that people become 25 percent happier with their lives if a pal who lives within a mile of their home has a significant uptick in joy. Oddly enough, studies suggest that if your spouse becomes happier, your own joy only rises eight percent, while a more blissful next-door neighbor would lift your level of delight by a whopping 34 percent. Alas, this effect doesn’t extend to the workplace, reports Nick Powdthavee, author of the Happiness Equation.
2 - Art Unleashes Delight Next time you’re brooding about work hassles or a frustrating situation, try drawing a smiling face or funny cartoon. Creating cheerful pictures reduces stress and boosts happiness, a 2008 study found. After watching a gloomy film, one group of participants sketched their current mood (venting), another drew a cheerful picture, and a control group was given a different task (distraction). The group that drew upbeat art showed the greatest rise in mood, leading the researchers to theorize that positive fantasies and drawings are a form of emotional repair.
3 - Friends are More Valuable than a Ferrari Apparently friendship isn’t priceless, since British researchers have calculated the monetary value of a sociable life, compared to a lonely one. In the study, a pay hike of $1,600 only accounted for a 0.0007 point uptick on a seven-point self-reported happiness scale. Spending more time with friends, however, lifted joy by 0.161 points. “What this implies is that swapping a sociable life for an isolated one requires a pay rise of approximately 0.161/0.0007,” about $374,000, says Powdthavee. “That’s a little more than a new, gleaming Ferrari 612 Scaglietti,”
4 - Optimism is Good for Your Heart—Literally Being cheerful may help cut heart disease and stroke by 50 percent, according to a Harvard School of Public Health review of more than 200 studies, published last month in Psychological Bulletin. And while you may think that happy people are just healthier, the researchers found that the link between an upbeat outlook and reduced cardiovascular risk held true even when age, weight, smoking, and other risk factors were taken into account.
Another study found that laughter has powerfully beneficial effects on blood vessels, compared to exercise
5 - Double Down on Random Acts of Kindness Reaching out and helping others can lift their spirits—and yours. In a Stanford study, students were divided into three groups. One group was asked to perform five random acts of kindness a week during the six-week study, the second group to perform the five acts in a single day, and the third control group didn’t get any instructions on kindness. While people who did good deeds felt happier at the end of the experiment, those who did the kind acts in one day felt the happiest of all. And that’s a wonderful reason to make helping others part of your daily (or at least once a week) activities.
6 - Sprinkle Surprises into Your Day Studies show that when people are asked to do the same thing over and over, even if they enjoy the activity at first, it eventually becomes a buzzkill. Conversely, a varied routine boosts bliss by making life more fun and spontaneous. Look for little ways to mix it up every day, waking up early and walking in the morning sun, surprising a friend with flowers, talking to new people, taking an unfamiliar route to work, or trying an exotic food.
7 - Believe the Best is Yet to Come The upside of getting older is that you’re likely to get happier. A Gallup poll of more than 520,000 Americans reports that those over the age of 60 enjoy better emotional health than do younger folk. In fact, people in their 70s, 80s, and even 90s, on average, report a higher level of positive emotions and experiences—such as laughing, smiling, doing something interesting, and overall enjoyment—than do those in their 30s. One reason may be that as we age, get better at focusing on activities and experiences that give us pleasure and appreciating what’s satisfying about our lives.
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