FXCM Offers Free Forex Education and Free Forex Trading Signals for the CNBC.com Million Dollar Portfolio Challenge

FXCM ( www.fxcm.com), the official currency-trading sponsor of the CNBC.com Million Dollar Portfolio Challenge, announced today that it is providing all contestants of the virtual trading competition with free forex education and trading signals to optimize their currency-trading experience. Free Education: Contestants can sign up for FREE education lessons on trading in the currency market. Written by DailyFX.com analysts, the lessons will help traders gain an edge in trading their currency portfolio. The lessons come in an e-mail cycle, and registrants will receive 12 e-mails in total (1 lesson per day). Sign up here:

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FXCM Adds High-Interest-Rate Currency Pairs to its Forex Trading Platform

FXCM (www.fxcm.com) announced today the addition of three new exotic currency pairs to trade on the FX Trading Station, marked by high interest rates and high roll over. New Currency Pairs: Euro/Turkish Lira United States Dollar/Turkish Lira United States Dollar/South African Rand Current Central Bank Interest Rate: Turkish Lira (TRY) 16.25% Current Central Bank Interest Rate: South African Rand (ZAR) 12.00% The most liquid trading time for the Turkish Lira and the South African Rand is 2 AM (EDT) – 12 PM (EDT) When trading exotic currency pairs, please be advised that liquidity in emerging-market currencies is significantly less than G8-country currency pairs.

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FXCM Group Releases Updated Financial Data

The FXCM Group has released its most recent balance sheet. The numbers reflect the group’s financial strength and status as of June 30, 2008. Highlights include: Over $95 Million in Capital (Assets Minus Liabilities) Over $125 Million In Operating Cash (Excludes Client Funds) FXCM believes that financial transparency in the retail forex industry is more important than ever in light of the NFA’s new financial requirements. Furthermore, they challenge other forex firms to follow their example. Balance Sheet (Unaudited) AS OF JUNE 30, 2008 ASSETS CUSTOMER CASH 369,600,935 OPERATING CASH 126,229,454 OTHER ASSETS 5,907,155 FIXED ASSETS 6,817,568 TOTAL ASSETS 508,555,112 LIABILITIES CUSTOMER DEPOSITS 369,600,935 DEFFERED REVENUE 21,000,000 OTHER LIABILITIES 22,458,763 TOTAL LIABILITIES 413,059,698 CAPITAL FXCM CAPITAL 95,495,414 TOTAL LIABILITIES AND FXCM CAPITAL 508,555,112 The FXCM balance sheet assures the forex industry of its financial strength and stability.

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Learn To Trade Currencies This Fall

FXCM (http://www.fxcm.com?CMP=PR-TradeCurrencies) joins CNBC.com for the second time as the exclusive currency trading sponsor in the CNBC.com Million Dollar Portfolio Challenge. The CNBC.com Million Dollar Portfolio Challenge is back! The contest officially begins on November 17th and registration will continue throughout the contest. Sign up now and receive a free $25 Micro account (real money) from FXCM to trade on the Micro Forex Trading Station. This is a special offer for CNBC.com Million Dollar Portfolio Challenge contestants. Additionally, you can practice currency trading for up to three weeks prior to the start of the live competition to perfect your trading strategy.

ree $50 to Open FXCM Micro Forex Trading Account

FXCM Micro (www.forexmicrolot.com), the discount brokerage division of FXCM, announced today that it will be offering forex traders who currently trade with a different forex firm free $50 accounts to try FXCM Micro. This new service provides traders with super-low spreads, automated execution, and 1K lot sizes. FXCM is confident that traders will want to continue trading with FXCM Micro after comparing it to other forex brokers. This is not an account-opening bonus but a funded, $50 FXCM Micro account, which can be traded without any deposit from traders. To qualify for the free $50 account, traders must be an existing client with another forex brokerage firm and be approved by FXCM.

Intra-day forex trading signal by AceTrader : USD/JPY

Intra-day forex trading signal by AceTrader : USD/JPY USD/JPY OUTLOOK - 97.90 Last Update At 23 Apr 2009 23:15 GMT Although dlr has retreated after o/n rebound fm 97.63 to 98.15 (Aust.), as broad outlook remains consolidative, downside shud be ltd n reckon sup at 97.57 wud continue to hold n yield recovery later. Stand aside for now as abv 98.15 is needed to confirm pullback fm y'day's 98.45 high has ended at 97.63 n extend gain twds this res lvl 1st... Range Forecast 97.75 / 98.05 Resistance/Support R: 98.08/ 98.45/ 98.92 S: 97.57/ 97.04/ 96.57

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Friday, 17 April 2009, 06:53 GMT
Strategies and AceTrader by AceTrader Research Team
Intraday Forex Signal by AceTrader - GBP/USD

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Tuesday, 24 March 2009, 02:08 GMT
Strategies and AceTrader by AceTrader Research Team
Intra-day forex trading signal by AceTrader : USD/JPY

Intra-day forex trading signal by AceTrader : USD/JPY USD/JPY OUTLOOK 97.79 Last Update At 24 Mar 2009 01:11 GMT Dlr's intra-day firmness due to active cross selling in yen suggests upside bias remains for the rise fm last week's low at 93.5 to extend to 98.00/ 05 but o/bot condition shud cap price below res at 98.32, yield retreat later today. Stand aside n look to sell for day trade as below 97.35 wud bring correction to 96.90/00... Range Forecast 97.50 / 97.90 Resistance/Support R: 98.32 / 98.98 / 99.19 S: 97.35 / 96.92 / 96.57

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Thursday, 26 February 2009, 05:22 GMT
Technical Analysis and Technical Trading by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels

February 26, 2009 GMT 05:09 EUR/USD Today’s support: - 1.2678(main), where correction is possible. Break would give 1.2658, where correction also may be. Then follows 1.2634. Break of the latter would result in 1.2608. If a strong impulse, we would see 1.2577. Continuation will give 1.2556 and 1.2514. Today’s resistance: -1.2784, 1.2870 and 1.2896(main). Break would give 1.2926, where a correction is possible. Then goes 1.2967. Break of the latter would result in 1.3006. If a strong impulse, we’d see 1.3030. Continuation will give 1.3061. USD/JPY Today’s support: - 97.54, 97.28 and 97.05(main). Break would bring 96.60, where correction is possible.

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Tuesday, 15 July 2008, 08:20 GMT
Trading basics and ForexExpo by Igor Teslenko, PR-manager
Our activity

Well, in this paragraph, I would like to tell you about us and our activity. Our company organizes and produces a great number of international exhibitions, conferences, forums all over the world. Each event is very interesting for people who want to learn more about trading on FOREX market. The workshops and seminars at our expos (by the way, all of them are free) give each visitor a better understanding of market trend. Our forums and conferences can be very useful for professional traders as well as they can share their prof experience and find new partners from different countries. Our exhibitors are top and leader companies on FOREX market from different countries all over the world.

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Tuesday, 04 December 2007, 08:34 GMT
Strategies and Automated Trading Championship 2007 by Mazhit Mugattarov
Reporting the 9th Week of the Championship (26 November-2 December)

9 weeks have passed since the beginning of the contest. The unconditional leaders seem to have already dug in their places, but the fight goes on, so very different Participants may win.

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Monday, 05 November 2007, 11:13 GMT
Strategies and Automated Trading Championship 2007 by Mazhit Mugattarov
Reporting the Championship: Fifth Week (28 October-4 November)

The fifth week of the Automated Trading Championship 2007 is over. This week, like all preceding ones, made some changes in the Top Ten Expert Advisors.

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Forexyard Daily Forex research

The U.S. dollar fell on Monday to its lowest in a month against the Yen as worries about the spread of the swine flu from Mexico prompted investors into perceived safe-haven currencies such as the Yen and the CHF. Crude oil was also pushed down toward $50 a barrel on fears that the global flu pandemic that could give the world economy another knock. Economic News USD - Swine Flu puts Downward Pressure on the USD and Tourism The U.S. Dollar appeared to be losing ground against all of its major currency counterparts towards the end of last week's trading.

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Friday, 24 April 2009, 11:12 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Dollar's Strength Set to Determine Oil Prices Today

Whilst the Dollar declined in yesterday's trading against most of its major currency pairs, Oil prices recorded considerable gains. Thus lately, there has been an inverse relationship between the greenback and the black gold. Therefore it is important to follow economic news releases from the U.S. closely today, as a weak U.S. economy is likely to lead to bearish Oil prices. On the other hand, strong U.S. economic data and a strong Dollar are likely to lead to higher Oil prices later today.

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Thursday, 23 April 2009, 13:12 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Traders Anticipate Heavy News Day in Forex

With an abnormal number of news events coming from Britain, the Euro-Zone and the United States today, forex traders have been in a frenzy to place their bets before the trading day gets underway. Trading during these news events, which typically carry a lot of market volatility, is a fast way to double your forex trading balance; the wise trader knows this. Special attention should be paid to the slew of manufacturing data coming from France and Germany between 7:00 and 9:00 GMT, as well as the U.

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Wednesday, 22 April 2009, 13:21 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Dollar and Yen Continue to Rise on High Risk Aversion

Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and the JPY have been the primary beneficiaries of this trading strategy. Comments by Treasury Secretary Geithner also have been swaying the Dollar. Further testimony by Geithner today could push the Dollar higher once again. Economic News USD - Greenback Advanced vs. the EUR on Crisis Concerns The Dollar rose to a 5-week high against the EUR as concern the global financial crisis will worsen.

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Tuesday, 21 April 2009, 16:35 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Recession Fears Reignite Safe Haven Buying

Drops in U.S. equity markets rattled investors as both the Dollar and the Yen benefited from traders unwilling to take on further risks. The price of Crude Oil also plunged due to further signs the U.S. economy has yet to turn the corner. Economic News USD - Drop in Equities Leads to a Higher Dollar The Dollar continued its bullish run yesterday, appreciating for the 6th day in a row against the EUR as the pair reached a one-month low. Driving the Dollar's gains were losses in U.

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Forex Analysis - Dollar Gains Momentum as the EUR Flatlines; JPY Rallies

After some surprising data regarding U.S. jobless claims yesterday, the USD saw moderate gains against its primary currency rivals. The European Central Bank (ECB) appears to be slow to recognize the required solutions to their economic woes, and Japan has regained a level of safe-haven investment as China's growth diminished through the first quarter of 2009. Safe-haven currencies appear to be gaining strength as the rest of the world's currencies continue to suffer from the recession.

Economic News

USD - U.S. Dollar Rises on Positive Economic Data
The greenback rose against most other major currencies on Thursday due to speculation that the U.S. economy is starting to show some tentative signs of stability, thus boosting demand for the USD. Early U.S. economic data showed a decline in initial jobless claims, a plunge in U.S. housing starts and a slower rate of decline in manufacturing in the Philadelphia region.

In late afternoon trading, the Dollar was up 0.4% versus the EUR to $1.3170 after rising to a session high of $1.3128. The USD was also high against the Pound gaining 0.4% to $1.4917. The greenback, however, gave up nearly all of its earlier losses against the Japanese Yen. It was last down less than 0.1% at 99.28 Yen.

The Dollar has tended to gain ground during periods of economic uncertainty and financial turmoil, benefiting from falling equities as investors flee into other Dollar-denominated assets. The Dollar tends to rise on bad news because it is often seen as a safer place to park money during periods of market uncertainty and heightened risk aversion. In a sign that the world economy is still struggling, figures on Thursday showed China's annual economic growth slowed to its weakest rate on record in the first quarter, while Euro-Zone industrial output plummeted in February.

This weak economic data from around the world has reduced confidence that the global economy would recover anytime soon, therefore boosting safe-haven flows into the U.S. currency.

EUR - The EUR Loses Momentum
The European currency pared most of its losses against the Dollar. It was last down 0.3% at 1.3177 versus the USD. Against the Yen, the EUR traded at 130.95, after depreciating yesterday as much as 1.6% to 129.37. The currency may extend its decline against the Yen even further, after falling to the lowest level this month on speculation that policy disagreement among the region's central bankers will undermine efforts to end the recession.

Separate figures showed Euro-Zone industrial output plummeted by a record 18.4% year-on-year in February and inflation halved to an all-time low, reinforcing expectations that the 16-nation economy is deteriorating and that interest rates may fall more. The European Central Bank (ECB) is due to announce on May 7th whether it will follow counterparts in the U.S. and the U.K. in pumping money into the economy by purchasing assets. ECB policy-makers have already indicated they may support cutting the 1.25% target rate below 1% and purchasing debt securities to pump money into the ailing economy.

Analysts have said that the EUR is likely to remain bearish due to market distrust of the European economic outlook. The European currency will probably fall below the strong support level of 1.2900 later in the month.

JPY - Yen Gains On China's Disappointing GDP
The Yen jumped against the Dollar and other major currencies on Thursday after data showed China's economic growth slowed to its weakest on record, disappointing market players who had bought higher-yielding currencies in anticipation of more upbeat numbers.

China's annual GDP growth slowed to 6.1% in the first quarter from 6.8% in the final three months of last year, prompting market players to reverse positions and buy the Yen back. The Japanese currency jumped 0.3% against the USD to 99.15 Yen, and 2% against the GBP to 148.63 Yen.

The Japanese currency's biggest gains yesterday were versus the Australian and New Zealand dollars on speculation that the slowdown in China's economic expansion will deepen the world's recession. The JPY rose as much as 2.4% against the Aussie to 70.69 yen, and versus the New Zealand dollar, it appreciated 2.9% to 56.05 yen. These gains may continue through the rest of April.

Crude Oil - Crude Oil Gains on U.S. Jobs Data
Crude Oil prices rose above $50 a barrel on Thursday, after the United States, the world's largest energy consumer, witnessed the number of workers filing for unemployment benefits unexpectedly fall last week, but continuing claims rose to a record as the recession struck hard. However, its gains remained limited as mixed data from the United States and China reminded investors that any signs of economic recovery were tentative.

Crude Oil trading remained volatile during the session, as investors also digested separate sets of gloomy economic data from the U.S. and other countries. Cautious trading in U.S. stock markets also weighed on Crude Oil prices. News that the Organization of Petroleum Exporting Countries' (OPEC) seaborne oil exports, excluding Angola and Ecuador, will fall 560,000 barrels per day in the 4 weeks to May 2, was also supportive for prices recently.

Technical News

EUR/USD
There appears to be a violent breach of the lower border on the hourly chart's Bollinger Bands, signaling a short-term upward correction may be imminent. However, the tightening of the Bollinger Bands on the 4-hour and daily charts signifies that another volatile movement may be in the works. Recent pressures have signaled that there remains downward pressure on this pair. Going short might be a wise choice today.

GBP/USD
There appears to be a bullish cross forming on the hourly chart's Slow Stochastic, signaling an impending upward correction. As other oscillators are showing the price floating in neutral territory, and the Bollinger Bands tightening on all charts, there is a possibility of a volatile upward movement in the making. Going long with tight stops might be a good strategy today.

USD/JPY
After yesterday's moderate upward movement, this pair now appears to be leveling off as all oscillators and indicators are displaying neutrality. It's possible a trend-reversal is in the making, but traders may want to wait for a clearer signal before going short on this pair today.

USD/CHF
The recent volatile upward movement has pushed the price of this pair into the over-bought territory on the RSI of both the hourly and 4-hour charts, indicating a downward correction may be in the works. The recent bearish cross on the hourly chart's Slow Stochastic supports this notion. Going short might be wise today.

The Wild Card

GBP/CHF
The upward movement, which has sustained itself on this pair for over a week now, has finally pushed its price into the over-bought territory on the RSI of the hourly, 4-hour and daily charts. The weekly Momentum oscillator is showing a sharp downward direction and there appears to be a bearish cross forming on the daily chart's Slow Stochastic. All of these indications point to a future depreciation in this pair. Forex traders have a great opportunity to enter this impending trend at an early stage today.

Fundamental Outlook

The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3145 level and was capped around the US$ 1.3305 level. Minutes from the Federal Open Market Committee’s meeting that concluded on 18 March wer released in which the FOMC agreed on “substantial purchases of longer-term assets” and pessimisitcally said “further employment cutbacks” were expected. Some Fed officials saw inflation “below desirable levels” and Fed staff now see gross domestic product “expanding slowly” in 2010 with GDP growth “flattening out” in H2 2009. Fed officials said the economy is worse than thet expected and said there is a downside risk to the “already weak” economic outlook including more pressure on U.

WORLD FOREX: Euro Slumps On Uncertainty About ECB Policy

By Don Curren

OF DOW JONES NEWSWIRES


TORONTO (Dow Jones)--The euro ended markedly lower Friday, dropping to its lowest levels in almost a month, as it contended with uncertainty about policy direction at the European Central Bank.

Uncertainty over whether the European Central Bank will introduce new non-standard easing measures, and to what degree, has been key to the common currency's losses.

The euro dropped to a low of $1.3017 during the session, its lowest level since March 18, the day the U.S. Federal Reserve announced it was expanding its own approach to quantitative easing.

Remarks from ECB President Jean-Claude Trichet that seemed to brush aside concerns the euro is weak also weighed on the common currency, as have capital flows out of the euro zone, analysts said.

Trichet said at a seminar in Tokyo that the view of the euro being weak "doesn't really seem to reflect the present situation." He also said he is "very appreciative" of U.S. policy makers sticking to their strong dollar policy.

Currency strategists at Barclays Capital in New York cited Trichet's comments as a key driver of the euro weakness, along with the expectation the ECB will embark on some form of quantitative easing.

The range of public disagreement within the ECB is yet another negative for the euro, Barclays said.

"The euro is likely to trade with an increasingly nervous tone heading into the policy meeting in May, in our view, but should firm if the ECB delivers a limited, credit-oriented slate of quantitative measures," said analysts at Credit Suisse.

Trichet said it is "important not to create or encourage expectations" for the May 7 meeting. He also appeared to address conflicting remarks by different ECB members, which have confounded markets on the central bank's next move.

"Any ambiguity in our medium-term policy direction would delay the return of sustainable prosperity, because they would undermine confidence, which is the most precious ingredient in the present circumstances," he said.

Friday afternoon, the euro was at $1.3025 from $1.3175 late Thursday. The dollar was at Y99.30 from Y99.33, according to EBS. The euro was at Y129.32 from Y130.94. The U.K. pound was at $1.4787 from $1.4936. The dollar was at CHF1.1670 from CHF1.1472.

The dollar rose as high as CHF1.1690, its highest level since March 18 against the Swiss franc, after Swiss National Bank President Jean-Pierre Roth said the central bank will continue to pursue alternative monetary policy measures as long as there is a danger of deflation and will intervene vigorously in foreign exchange markets if need be.

The dollar dipped below Y99.0 to a low at Y98.71. The euro declined to Y128.84, more than a two-week low, as anxiety in the markets benefited the yen, typically a major recipient of safe-haven flows.

Shaun Osborne, chief currency strategist at TD Securities in Toronto, said the formerly close correlation between U.S. equity market strength and weakness in the U.S. dollar seems to have waned in recent sessions.

The euro's weakness Friday came despite gains in U.S. stocks.

The euro has been significantly pressured by bond redemption and coupon payments in euro-zone countries in recent trading, Osborne said. "A lot of that appears to have
gone back to Japan and elsewhere," he said.

Looking ahead, the single currency is unlikely to weaken too sharply, Osborne said. "We still see pretty good interest to buy on dips from Asia, and I have a hard time believing the dollar is going to do significantly better in this environment of big budget deficits," he said.

A strong week for USD

Based on the price movement of EUR/USD over the past week, one could say that it’s been a strong one for the U.S. dollar. From a high of $1.47669 on September 25, EUR/USD has fallen to $1.40082 as of this afternoon. The past seven days of online forex trading have even featured the euro’s greatest one-day decline against the dollar. But there’s little to cheer about in the U.S. economic outlook, and EUR/USD moves have been driven far more by Eurozone bank failures and the reluctance of U.S. banks to lend, which has tightened up the dollar supply. This week, the European Central Bank has offered one-day loans of 30 and 50 billion dollars to help maintain interbank liquidity while calling for banks to turn in surplus euros at a rate of 4.25%.
It’s difficult to forecast how the passage or rejection of the revised bailout plan is likely to affect EUR/USD. The premature announcement last week of a “fundamental agreement” actually saw the euro gain against the dollar in that afternoon’s immediate forex trading. Though a failure by the government to intervene will likely damage both the dollar and the economy, the addition of hundreds of billions of dollars to the U.S. deficit could also have a deleterious long-term impact on the dollar’s position in the forex trade market. For now, it looks like a lose-lose situation for USD, notwithstanding the woeful economic news coming out of the Eurozone.
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A “buying opportunity” for EUR/USD?

The dollar experienced a temporary surge against the euro early today as online forex traders anticipated an announcement that Congress had reached an agreement on the proposed bailout of Wall Street. EUR/USD had moved as low as $1.45599 before Sen. Christopher Dodd, chairman of the U.S. Senate Banking Committee, announced this afternoon that a “fundamental agreement” had indeed been reached. The reaction from the forex trading community was markedly ambivalent, especially in contrast to the stock market, where the Dow Jones had added just about 200 points as of nearly 3PM in New York; EUR/USD currently stands at $1.46150 and has moved primarily upward throughout the afternoon.

Click on image to enlarge.
As the ten-year chart above reveals, the past several months of EUR/USD price activity have been historically aberrant. Yet despite some worrying economic news and the likely impact of the bailout on the federal budget deficit, most currency trading analysts are either neutral or bullish on the greenback. FX Street’s Analysts Sentiment Index for EUR/USD shows 50% neutral, 33% bullish, and only 17% bearish. Daily FX likewise reports “effectively neutral speculative positioning” at this time.
However, Bloomberg has been reporting this week on some forex analysts who are emitting very distinct growls. On Tuesday, TD Securities economist Joshua Williamson said that U.S. deficit issues could push the dollar up to $1.95 per euro. And today, a research note from Citigroup called the current euro price dip a “buying opportunity.” The euro could move up to $1.53, according to the Citigroup report.
September 25th, 2008 | Leave a Comment
EUR/USD down over 2.1%

In today’s forex trading, the U.S. dollar suffered one of its biggest ever one-day losses against the euro on fears that the $700-billion bailout plan proposed by Treasury Secretary Henry Paulson will further exacerbate the growing federal budget deficit. EUR/USD stood at $1.4794 as of 6:41 EST, up from $1.4466 yesterday. Percentage-wise, the dollar was down over 2.1% according to Reuters Dealing, the largest one-day drop for the greenback since January of 2001. Since reaching a high of $1.3882 on September 11, the dollar has fallen more than 6% against the euro.
September 22nd, 2008 | Leave a Comment
Mood Swings for EUR/USD

This has officially been the most volatile week for the global currency trading market since the Asian financial crisis of the late ‘90s. Interday trading of EUR/USD went through significant swings as the dollar gained ground on word that the U.S. Federal Reserve had chosen not to change interest rates, only to plummet against the euro on the shocking news that the federal government was rescuing American International Group with an $85 billion loan. The Bank of Japan’s decision to hold interests rates at their current level of 0.50% also contributed to the dollar’s decline in today’s online trading. EUR/USD moved from 1.4121 yesterday to 1.4348 as of 4:18PM EST today.
Looking ahead, a bearish interest rate environment for the euro suggests that the dollar may actually gain ground despite perilous conditions in the U.S. financial market. A survey released today by Bloomberg also found forex analysts to be optimistic about the dollar, which they expect to benefit from a slowdown in European economic growth.


EUR/USD dropped to its lowest level in seven months during today’s online forex trading on news that the European economy had contracted by 0.2% in the second quarter. The declining price of crude oil has bolstered the dollar in recent days, helping the greenback to extend the gains it made against the euro in August. As of almost 5PM EST, EUR/USD stood at 1.4493, down from 1.4520 Tuesday. Forex analysts charting the trajectory of the EUR/USD over the past two years place the pair near its long-term uptrend support line of 1.4473.
The EU economic slowdown was attributed to several factors, including a decline in exports, consumer spending, and company investment. Crude oil fell to $109.46 a barrel on demand worries tied to the global economic slowdown and news from Royal Dutch Shell Plc and ConocoPhillips that Hurricane Gustav had not caused any damage to platforms in the Gulf of Mexico.
Falling oil prices are likely to increase pressure on the euro in the currency trading market over the coming weeks. Many analysts expect crude prices to plummet nearer the $100 mark, and BusinessWeek reports that some analysts are predicting a price floor of $80 a barrel.
September 3rd, 2008 | Leave a Comment
For the euro, August is the cruelest month

It’s been a volatile year for those who engage in online trading of the EUR/USD. In 2007, the dollar fell off as much as 13% against the euro. Until this month, it looked like 2008 would also be a banner year for the Eurozone’s currency. The euro surged above $1.60 in both April and July forex trading, hitting an all-time high of $1.6038 on July 15th. But based on the vicious beating that the euro has taken in August, T.S. Eliot’s assertion that “April is the cruelest month” might need to be reconsidered. On August 8th, the euro dropped below $1.50 for the first time since February and below its 200-day moving average for the first time since 2006. As of this writing, EUR/USD is hovering around $1.4673.
Many forex analysts anticipate that the remainder of 2008 will see the euro continue to decline against the dollar. On August 7th, in a statement that at least indirectly led to the next day’s online forex trading debacle, ECB president Jean-Claude Trichet opined that the third quarter would be “particularly weak” for Eurozone GDP growth. As the recession that grips the U.S. spreads beyond its borders, the dollar is likely to strengthen, further challenging the dominant EUR/USD trend of the past years.
More EUR/USD-related forex news to follow…

Rate cuts halt EUR/USD fall

Over the past few days, the euro has finally broken out of its weeks-long slump against the dollar. Federal Reserve Chairman Ben Bernanke announced on Tuesday that the Fed would be taking the unprecedented act of buying three-month commercial paper, and today, central banks around the world made coordinated reductions in the target lending rate. Anticipating an easing of the credit squeeze that has driven the dollar’s recent rise against the euro, traders sold USD and bought EUR in today’s online trading. As of 4PM EST, the euro had made its biggest gain against the dollar in more than two weeks, moving from 1.3585 yesterday to 1.3658.

Recession Outlook Grim

Most analysts agree that the dollar’s rally in online forex trading throughout the fall was bound to be ephemeral, and with 2009 underway, the EUR/USD climb back upwards has begun. In December 2008, the dollar was up almost 20% against a basket of currencies, but since then, the weakening forex trend has taken hold as the economy continues to worsen on rising unemployment numbers that reached a 26-year high last month, a still-soft home market, volatile stocks, and the increased risk of deflation.
A UCLA Anderson Forecast report in mid-December said that although crude oil prices have dropped dramatically, the resultant fall in the absolute level of consumer prices is likely to do damage to the GDP in the next three quarters, causing it to shrink by 4.1%, 3.4%, and 0.8% respectively. The report also predicts that spike in unemployment will continue through 2009, hitting a projected 8.5% in December 2009.

Consumer Confidence at All-Time Low

The January plunge in consumer confidence to touch an all-time low of 37.7 sparked a rally for the USD in online trading, although GFT Director of Currency Research Kathy Lien called the trend a “reflection of more panic selling and not optimism about US economy.” She cautioned that confidence may not be restored until job security is no longer an issue—but with unemployment spiking to 7.2% and most analysts predicting that recovery will not be possible until 2010 at the very earliest, increased consumer confidence may be very far off indeed. In the meantime, any dollar gains in online forex trading are expected to be ultimately insubstantial.
Given the dreary consumer outlook, it’s not surprising that fourth-quarter GDP also fell to the weakest level in 26 years and house prices dove another 18.18% in November for the largest recorded decline. The sole bright spot, according to Lien, is the projected increase in car sales in the next six months as consumers look to capitalize on the discounts being offered to move inventory.

First In, First Out for U.S. Economy

That’s the conclusion reached by this GFT Forex Blog post. The author says that as the first G7 economy to enter recession, back in 2007, the U.S. will also be the first to make a full recovery. The author continues, “The other way to look at the current economic situation is that if the U.S. economy does not recover, no one else will. Globalization has increased the mutual dependency of many countries. For export dependent countries in the Eurozone and Asia, a rebound in U.S. demand is essential for a recovery.”
That thinking is likely at the root of the dollar’s perennial status as a forex trading safe haven. Even though there are periods when it’s seen as riskier than other currencies, traders keep coming back to the USD for safe (well, safer) online trading. However, will the USD maintain its strength when the global economy stabilizes? The author says that recovery will lead to “a new shift toward fundamentals” and a resulting focus on the large amount of U.S. government debt.
Economists have predicted that recovery could begin as early as 2010, so in the next few months, it’ll be interesting to track the USD and see if the “first in, first out” phenomenon also means that the USD is the first one to lose some of the spoils of the recession.

What Is Forex

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

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Advantages

Liquidity:
the market operates the enormous money supply and gives absolute freedom in opening or closing a position in the current market quotation. High liquidity is a powerful magnet for any investor, because it gives him or her the freedom to open or to close a position of any size whatever.

FOREX is a highly profitable business which does not depend on time, place or political situation in your country. Advantage of this business is that you make deals using computer from any part of the world 24 hours per day 5 days per week.

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What Moves Forex

Foreign Exchange is affected by various economic and political factors. The largest fluctuations in currency prices usually occur during Central Bank intervention, when governments trade in huge amounts forex in an attempt to either raise or lower the value of their own currency. This, aswell as many other factors such as interest rate changes, economic figures, political instability and large lot transactions by hedge funds can move the market.

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Participants

Commercial Banks
Central Banks
Currency Exchanges
Investment Funds
Brokerage Houses
Participants of this market are, first of all, large commercial banks through which the basic operations under the instruction of exporters and importers, investment institutes are carried out, insurance and pension funds, hedge and individual investors. Also these banks operations and in the interests due to own means, thus at large banks volumes of daily operations reach billions dollars, and at some banks even the basic part of the profit is formed only due to speculative operations with currency.
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Glossary

Appreciation - A currency is said to ‘appreciate ‘ when it's price increases against a specific currency or group of currencies in response to market demand.

Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets

FAQ

1) What kind of services FXOpen provides?
FXOpen is a brokerage company in FOREX field. We propose different kind of courses starting from beginners up to advanced courses for people with FOREX experience and traders. Also we prepare FOREX teachers.

Pound Choppy As Positive Retail Sales Offset Largest GDP contraction Since 1979

The pound has seen choppy price action following conflicting results form the U.K. GDP and the retail sales reports as it fell to as low as 1.4600 before finding support. Growth in the first quarter contracted by 1.9% which was the most since 1979 and the third straight quarter of declines. A 6.2% drop in manufacturing production led across the board declines including a 1.2% drop in the service sector which accounts for 70% of GDP. However, retail sales rising 0.3% versus expectations of -0.3% has limited the pessimism generated by the growth report. The consumption figures from March could give hope that the economy has bottomed negating the steep drop in growth to start the year.

The increase in purchases by Britons was led by a 1.5% gain in apparel sales following a 4% drop in the sector in February. The component has been volatile over the past few months which could make the results a bit misleading. Nevertheless, improving domestic demand will be a positive and a source of growth for the economy which has seen demand for its exports continue to fall. Indeed, the fall in manufacturing in the first quarter was the most since at least 1948 and may remain weak throughout the remainder of the year. The GBP/USD had broken above the 20-Day SMA at 1.4687 on improving risk appetite but the mixed data has dragged the pair back below the technical level which could provide resistance today.

The Euro found support from a rebound in German business sentiment and the prevailing risk appetite which sent it to its highest level in over a week at 1.3273. The German IFO survey of over 7,000 executives beat expectations of 82.3 as it rose from a 26-year low of 82.2 to 83.7. The optimism was derived from further easing from the ECB and government stimulus plans taking effect. The data builds upon the improvement seen yesterday in the PMI and industrial new order figures which also beat expectations. However, if we see price action fall back below the 100-Day SMA at 1.3217 the downside risk for the pair may increase.

The dollar has found some renewed support on the back of the weak UK growth figures as the outlook for the global economy dimmed. The greenback had been under pressure on the back of bullish momentum in the equity markets. Indeed, European indices continue to trade higher following the positive gains from the U.S. session yesterday. However, the U.S. durable goods report today could add to the dour global outlook as they are expected to have fallen by 1.5% in March following the unexpected 3.5% jump the month prior. Additionally, the new home sales report could add the weaker than expected existing home sales that we saw yesterday which could reverse sentiment that he sector was reaching a bottom. The methodology for the banks stress test will be revealed tonight and we could see limited volatility ahead of the report. The government’s tools used to determine which banks are viable will be scrutinized until the actual results are revealed in early May as analysts will try and surmise which financial institutions could possible fall below the standards.

Pound Falls on Pessimist Moody’s Declaration

he Moody’s Investors Service declarations that finances would be deteriorating in Britain brought the pound further down against the yen and the euro.

The pound failed to recover against major currencies after negative domestic statements that the government is taking risks managing wrongly a financial system on the brink of collapse. The euro had consistent gains against the pound with improved confidence reports from Germany and France, making the pound unable to react and creating a perfect bulling trend in this pair during all week favoring the Eurozone currency. The yen also strengthened against the pound, due to its low-yielding profile, attractive to investors running away from risk.

The statements made about the British economy had a direct impact on the pound sterling, mainly pulling it down against other European currencies. Analysts affirm that it won’t be very surprising to see the pound breaking record lows in the next months, if the economy continues to plunge. The United Kingdom is facing, by far, the worst crisis since the Second World War, as growing social issues combined with irresponsible economic policies made to bet against the pound a sure shot for traders in the first quarter.

Malaysian Economic Stimulus Pushes Ringgit Up

The Malaysian ringgit is topping the gains’ list among Asian currencies, followed by the Singaporean dollar, thanks to the government stimulus and interest rate cuts.

The ringgit rose all week against Asian currencies, on speculations that the Bank Negara Malaysia, the national economic policy maker, is expected to cut interest rates after inflation had the most significant decline in 11 months. Interest rates in Malaysia have been cut three times since last October, reaching a record low of just 2%, now, speculations estimate that this record is once again to be broken, with rates to be set at 1.75%.

Investors and traders had a satisfying week in Asia, multiple reports from different countries boosted the chances of a quick economic recovery for many emergent markets, such as South Korea and Taiwan. In Malaysia, analysts look at the interest rate cuts as a big opportunity for capital inflow to the country, and it could also increase the domestic demand. A sense of relief, that the Malaysia hit the bottom in the first quarter and the worst moment of the crisis is already in the past led the Malaysian currency to a sequence of positive analysis by economists worldwide.

The USD/MYR was traded at 3.5855 falling from 3.6225 yesterday and 3.6375 in the beginning of the week. The GBP/MYR fell from 5.2744 to 5.2439 in the intraday comparison.

If you want to comment on the Malaysian ringgit’s recent action or have any questions regarding this currency, please, feel free to reply below.

WORLD FOREX: Dlr Mixed; Euro Up Despite Higher Risk A

LONDON (Dow Jones)--Renewed concerns over financial stocks are keeping risk aversion high but giving currencies little direction in Europe Thursday.

The dollar is mixed while the euro is slightly higher after the latest purchasing managers' indices from the euro zone came in stronger than expected.

The pound, meanwhile, has managed to stage a rebound after the heavy losses sustained after Wednesday's U.K. budget increased concern about the country's ability to fund its deficit.

Earlier hopes that the worst may be over for the U.S. banking community were dashed late Tuesday when Morgan Stanley reported that its first-quarter losses were much larger than anticipated.

This knocked U.S. stocks, with the Dow Jones Industrial Average losing 1.0%. By the time Asian trading came around, sentiment had improved, helped in part by news that Credit Suisse had posted a healthy CHF2 billion net profit during the first three months of the year. In Tokyo, the Nikkei ended with a 1.4% gain.

However, risk aversion quickly returned as reports in the Japanese press suggested that Nomura Holdings and Mizuho Financial Group are both facing hefty losses for the last financial year.

Analysts said this means the market will now focus even more on the U.S. banking stress tests results that won't be released until early next month.

"The market looks unlikely to sound the all clear on the sector until it has further details and information about U.S. stress tests on banks," said Stuart Bennett, senior foreign exchange strategist with Calyon Credit Agricole in London.

By the time trading started in Europe, stocks were mixed in a narrow range, with attention turning to the latest U.S. housing market data to see if that provides any evidence of an upturn. The consensus forecast is for existing home sales to have fallen 0.4% last month after a 5.2% rise the month before.

The euro, meanwhile, got some good news from the euro zone PMIs, with the composite index rising to 40.5 this month from 38.3 in March. The market had been expecting a bounce to 39.0.

FOREX-Euro extends gains on better PMI data, stocks

LONDON, April 23 (Reuters) - The euro extended gains against the dollar and the yen on Thursday, helped by data giving tentative signs that the euro zone economy may be emerging from the worst of the recession and gains in equity markets.

Purchasing managers' surveys showed the euro zone's manufacturing and services sector had their best performance in six months, while industrial orders fell by less than analysts had feared.

Sentiment was also helped as European stocks rose 0.2 percent .FTEU3, shaking off earlier losses, while U.S. stock futures SPc1 DJc1 pointed to gains on Wall Street later in the day.

Analysts said there has been some stabilisation in risk sentiment, helped by the view that the global economy may be over the worst, that has boosted the euro along with currencies viewed as higher risk such as sterling and the Australian dollar.

However, caution ahead of the results of "stress" tests on U.S. banks and worries about a sizeable deterioration in the fiscal health of some of the world's biggest economies was helping to limit any rebound in riskier assets, they said.

"There has been a broad stabilisation in financial risk premia in currency markets," Tullett Prebon G7 market economist Lena Komileva said.

"There is a general belief that global growth is stabilising that has been supported by the stronger euro zone PMI data," she said, but added there is "not a lot of confidence behind this".

At 1002 GMT, the euro rose 0.5 percent against the dollar to $1.3065 , having hit a session high $1.3071, and jumped by 0.8 percent against the yen to 128.44 yen .

The common currency was well above a low of $1.2885 against the dollar hit on EBS trading systems on Wednesday, which was its weakest since March 16.

Traders noted, however, that a large options expiry at $1.3000 in euro/dollar due later on Thursday may be preventing the pair from moving too far away from that level.

How to Trade Forex with the Stochastic Indicator

The Stochastic is an Oscillator that is typically used to identify overbought and oversold conditions in your day trading.. The indicator consists of two lines: % K and %D. These two lines fluctuate in a vertical range between 0 and 100. Readings above 80 are considered overbought and readings below 20 are considered oversold.

Many traders use Stochastics to generate buy and sell signals. When the faster %K line crosses above the slower %D line and the lines previously crossed below 20, a buy signal is generated. When the %K lines crosses below the %D line and the lines previously crossed above 80 a sell signal is generated.

After identifying a trend it possible to identify buy and sell opportunities. If the trend is up as on the eur/usd daily chart below then we take only buy signals as long as the trend remains in place. We ignore the sell signals and weaken the stochastic by changing the settings to 5,3,3 which will generate more signals and show the hand of the weaker players in the market.

On its own the stochastic generates too many false signals and plenty of whipsaw which can lead to losses.




As we can see from the above daily chart the eur/usd continued its uptrend from 21 August 2007 until 11 November 2007 a rally of 1400 pips before consolidating in a 500 pip range. The next breakout occurred as a continuation on 26 Feb 2008 rallying another 1400 pips before consolidating again.

As with all lagging indicators they are best used in conjunction with other indicators. The large highlighted trade shows a buy signal on the stochastic with the market dropping 300 pips. Stop losses should be placed below the last low or high. All the other signals produced good trades.

By using a 4 hr chart we can probably get better entries with tighter stops once we have a confirmed signal on the daily time frame.

Forex Marketing | Stock Trading Review

Day trading has become more and more popular in recent years, with some day traders going from trading in their spare time to augment their regular pay to becoming full time traders who may even advise others in the fine art of day trading.

Helpful Advices Regarding Forex Managed Account | Forex Trading

Managed forex accounts are a boon for those who don’t have the time to devote to the foreign exchange dealing. It’s also for those who don’t have the expertise to deal in the foreign exchange markets. Professionals are there for managing forex account.

Forex Analysis

The U.S. dollar is stronger against all but the yen after suggestions that the U.S. Government may make it harder for financial institution to repay their TARP loans.
Sterling Slides Following Downbeat Commentary from Lawmakers
(CEP News) - The pound sterling is weaker on Monday following suggestions that the IMF could once again downgrade its global economic forecast, coupled with more downbeat commentary from lawmakers.
Yen Higher After IMF Threatens to Cut Global Forecasts Again
The yen is stronger on Monday after some downbeat commentary from the International Monetary Fund over the weekend threatening to downgrade its global economic forecasts once again.
Dovish Comments from ECB's Trichet Adds to Euro Sell off
Dovish comments from ECB President Jean-Claude Trichet and weaker European data are helping to put pressure on the euro as it trades near a one-month low against the U.S. dollar.Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar
Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.

USD Higher After Comments From IMF Managing Director
The U.S. dollar is stronger across the board on Friday in the aftermath of commentary from the IMF voicing optimism that the greenback would retain its status as the world's primary currency.

Sterling Mostly Lower On Relatively Quite News Day
The pound sterling is weaker in general on Friday in the aftermath of a light day on the economic data and news docket.

Yen Mixed After Ruling Party Proposes Buying Stocks
The Yen is mixed on Friday after the ruling political party in Japan proposed legislation allowing the government to buy stock if conditions deteriorate to certain levels in the country.

Canadian Dollar Cannot Hold Gains After Hitting Three-Month High Against USD
It has been a volatile day for the Canadian dollar, which hit a three-month high against the greenback earlier Thursday morning.
Canadian Dollar Hits 3-Month High Against Greenback
The Canadian dollar is one of the top performing currencies Thursday hitting a 3-month high against the U.S. dollar as U.S. equities move higher.

Forex is a High Risk Investment

Trading in the foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals. The high degree of leverage offered in the Forex markets can work against you as well as for you. Before deciding to trade in the foreign exchange markets you should carefully consider your investment objectives, you level of experience, and your risk appetite. The possibility exists that you could sustain a loss of some or all of your equity and therefore you should not invest money that you cannot afford to lose. Only true excess disposable cash should be used in trading. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.

Why you have to use world-forex-signal?

IT WORKS – HIGH WIN RATIO

Place winning trades with the pinpoint accuracy of a veteran fx trader. This fx system produces an outstanding win to loss ratio and that simply means more money flowing into your trading account.

EASY TO FOLLOW

No difficult jargon. No programming experience required. No fx signal service required. The simple instructions will guide you every step of the way.

NO MONTHLY OR OTHER HIDDEN COSTS

Pay once!!! Nothing else is required! Unlike many other forex products, you even get free forex charts. You do not need any other forex tools or a signal service provider to make money


Our WORKS ON ANY CURRENCY PAIRING

Trade the majors or the crosses. Whichever currency you prefer this will work for you.

WELCOME TO ALL OF THE TRADERS…

We have successfully developed a trading system which we call World_Forex-Signal, with combine a few technical analysis and trading strategics which we set into trading system program form.

We have tested World-forex-signal and it works perfectly in every market condition which always fluctuated. World_Forex_signal.com is trading system which is easy to use eventhough for a new trader, result hundreds of pips in a day, be able to use in all pairs (GBP/USD, USD/JPY, GBP/JPY, etc) and makes you get a lot of profit in the forex trading

It feels like we have a guide in the forex trading and personel financial analysis at home and be able to analyse the forex signals so that World-Forex_Signal will tell you when we must open position Buy or even open position Sell. This program be able run using Meta Trader Software – MT4.

What is Forex Online trading?What is Forex Online trading?

Forex Online Trading (FOT) is a system for forex online trading which by using this system, the investor no need longer to come to the center market of forex trading to do some transaction. Only using via internet, all the transaction be able to do at home, or wherever we are. All the informations about market value be able to monitor and we’ll be able to control the investment execution. In this way, FOT has becomed a trend of alternate investment which is easier and cheaper in this information technology era.

These are the strong points of Forex Online Trading :

- 24 Hours Trading Online

You can do forex transaction 24 hours non-stop at home, the office or wherever you are.

- Everyone Can Do It

Whoever you are, you can run this business only with the willingness to learn and understand how the forex online trading works.

- No Need a Big Fund

One big reason is you can start transaction in FOT with limited fund or without any fund at a

- Easy To Learn

Forex Online Trading is very easy to learn and easy to run and also has unlimited time.

- Independent

On Forex trading, you don’t need to find members, recruite dowline or even doing any promotion the way on other network or MLM. You are free from those problems and you also be able to run this business independently.

Ways to Diversify Into Forex

Self-Trading: Some investors like to be in control and want to place their own trades. For them, the Forex market offers the liquidity and reliability which attracts individual traders as well as money managers, hedge funds and large institutions. Our clients can trade Forex online with confidence.

Managed Accounts: Many investors do not have the time, experience or desire to trade with this intensity themselves in the Forex market, but still understand how this market can be beneficial to their overall portfolio. Forex Managed Accounts were created for investors with risk capital who want to diversify their portfolio into this exciting market. Unlike mutual funds or hedge funds there is no long-term lock up periods and all or part of your funds can be redeemed rather quickly. Based on your long-term goals, risk tolerance and time horizon; we can assist you in selecting the right account option for you.

Forex Information

Foreign Exchange (ForEx) is the selling of a particular currency to someone (individual, company or bank) and in return the buying of the currency they are offering. For example, you travel from the US to England . Upon arrival at the airport, you realize you need money to pay for the taxi to your hotel. You go to the foreign exchange counter and give them your US Dollars (USD), whether its cash, traveler's check or even your credit card, they give you the equivalent in British Pound (GBP). In this example, you sold USD and bought GBP, while the foreign exchange counter at the airport sold GBP and bought USD simultaneously. The Foreign Exchange market is used by world travelers, individual investors, corporations, hedge fund managers, investment and commercial banks, and by each country's central bank (i.e. America's Federal Reserve). Being utilized by so many entities worldwide, the Forex Foreign Exchange market is the world's largest financial market, which is probably what lead you to us in the first place.

But did you know that all of 2003 reported trading volume for the NYSE (New York Stock Exchange) of $9.6 trillion ($10.2 trillion for all of 2002) only equals 1 week's trading volume in the Foreign Exchange market. This is probably why so many banks and Fortune 500 companies heavily invest in this highly liquid market, the foreign exchange market operates 24 hours a day, 6 days a week (2:00 PM on Sunday until 4:00 PM on Friday EST), through an electronic network of banks, corporations and individual traders. Forex trading begins everyday in Sydney , moves to Tokyo , followed by London and then New York

Generally, huge number of financial transaction takes place in the forex exchange market and the buyer and seller of the foreign currency exchange sho

A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to profit by trading in the foreign exchange market. One such example of someone who has come under such scrutiny is James Dicks. These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits,improperly managed "managed accounts", false advertising, ponzi schemes and outright fraud . It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment. The U.S. Commodity Futures Trading Commission (CFTC), which loosely regulates the foreign exchange market in the United States, has noted an increase in the amount of unscrupulous activity in the non-bank foreign exchange industry.

An official of the National Futures Association was quoted as saying, "Retail forex trading has increased dramatically over the past few years. Unfortunately, the amount of forex fraud has also increased dramatically..." Between 2001 and 2006 the U.S. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $300 million, mostly in managed accounts. CNN also quoted Godfried De Vidts, President of the Financial Markets Association, a European body, as saying, "Banks have a duty to protect their customers and they should make sure customers understand what they are doing. Now if people go online, on non-bank portals, how is this control being done?"

The highly technical nature of retail forex industry, the OTC nature of the market, and the loose regulation of the market, leaves retail speculators vulnerable. Defrauded traders and regulatory authorities, can find it very difficult to prove that market manipulation has occurred since there is no central currency market, but rather a number of more or less interconnected marketplaces provided by interbank market makers.

Always remember that there is no such thing as a "free lunch." Be especially cautious if you have acquired a large sum of cash recently and are looking for a safe investment vehicle. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back once it is gone can be difficult or impossible.

The following are examples of statements that either are or most likely are fraudulent:

"Whether the market moves up or down, in the currency market you will make a profit." "We are out-performing 90% of domestic investments." "The main advantage of the forex markets is that there is no bear market." The currency futures and options markets are volatile and contain substantial risks for unsophisticated customers. The currency futures and options markets are not the place to put any funds that you cannot afford to lose. For example, retirement funds should not be used for currency trading. You can lose most or all of those funds very quickly trading foreign currency futures or options contracts. Therefore, beware of companies that make the following types of statements: "With a $10,000 deposit, the maximum you can lose is $200 to $250 per day." "We promise to recover any losses you have." "Your investment is secure." Margin trading can make you responsible for losses that greatly exceed the dollar amount you deposited. Many currency traders ask customers to give them money, which they sometimes refer to as "margin," often sums in the range of $1,000 to $5,000. However, those amounts, which are relatively small in the currency markets, actually control far larger dollar amounts of trading, a fact that often is poorly explained to customers. Don't trade on margin unless you fully understand what you are doing and are prepared to accept losses that exceed the margin amounts you paid.

Earn Money With Forex Exchange And Minimize Your Risk

Generally, huge number of financial transaction takes place in the forex exchange market and the buyer and seller of the foreign currency exchange should be known regarding the FX market data and foreign currency exchange rate.

But don't worry we will give you the best possible start in the forex market and we are offering you the opportunity to double your investment by giving you money from us to start trading!

Just open an account with us, deposit some funds into your account, and we will double your deposit up to $300. How does this sound - we will directly pay money into your personal account.

Check the Situation That Best Applies to You...

And Then Click the Button Below to Discover How to Get Your Chance to Trade with OUR Money !!!

I want to get $100 to start trading.

I want to get $200 to start trading.

I want to get $300 to start trading.

Other reason...

(Click the button above to see how you can
Trade with OUR Money instantly!)

Or you could start in the forex exchange market with a demo account. Trade live free of any risk and obligation to get some experience. We don't make any difference between you and our live traders. You will receive the same real-time quotes in the demo account without any real risk.

Your main advantages:

Wide choice of currency pairs
CStart trading with just US$100
Competitive fixed spreads
Instant Credit Card deposits

Negative Balance Protection, no debits
Daily analysis reports & articles
Live quotes, No price-freezes
Tailored conditions for frequent traders

We will show you all the differences you need to know about the forex exchange, before you begin. Forex exchange rate requires two currencies, meaning they are quoted as 'two tier' rates. Forex exchange rates get affected by many physical and psychological factors. The Forex exchange rate means the value of two separate currencies and how they relate to each other. Find out what are the current exchange rates for the top currencies. To have your own online future trading system account please click the button below:

TRADING FAQ

What Is Limit Order?
A limit order is an order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 112.00/05, then a limit order to buy USD would be at a price below 112.05. (ie 111.50).

What Is A Stop Loss Order?

A stop loss order is an order type whereby an open online forex trading position is automatically liquidated at a specific price. As an example, if an investor is long USD/YEN at 112.35, they might wish to put in a stop loss order for 111.75, which would limit losses should the dollar depreciate, possibly below 111.75.


What Is A Position Order?

Position orders are directly related to individual positions. These forex currency trading orders are only active for as long as the position remains open and can be a stop loss or limit order.


Can I Place A Trade Via E-Mail?

No. We do not accept trades via email. You may place a trade online or by calling our 24-hour dealing desk.


What Is Margin?

Margin is essentially collateral for a position. It allows forex traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the equity markets, the usual margin allowed is 50%, which means an investor has double the buying power. In the forex market leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively.


What Does It Mean Have A 'Long' Or 'Short' Position?

In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the investor benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the investor benefits from a declining market. However, it is important to remember that every FX position requires an investor to go long in one currency and short the other.

Open Account FAQ

For multiple deposits from different sources, it depends on the deposit amount as there are investors who abuse the system where they treat MoneyForex as digital currency exchanger. Traders are not allow to deposit using one source and withdrawal using different sources other than bank wire transfer. Our system is very efficient where we can track all incoming deposits. For example, if a trader deposits $5000 via e-bullion and $1000 via credit card, he/she can only withdraw $5000 plus the profit via e-bullion and $1000 plus the profit via credit card or bank wire for both. Bank wire is the default method for withdrawing. MoneyForex reserved the right to fund withdrawal via Bank wire other than using money processors. For bank wire transfer, MoneyForex do not charge any fee. The Bank will charge a minimum wire transfer fee of $40 and up depending on the destination and wire amount.


Does this mean I can withdraw fund via wire transfer if my deposit is via money processors such as credit card, e-bullion?

Yes except for Credit Card depositors. Account holders who deposit via Credit Card can withdraw fund by only funding it back to the Credit Card account unless the deposit is made for more than 180 days. The reason for 180 days is because of the security rules with Credit Card company. Any deposit that is less than 180 days has to withdraw via funding back to credit card unless management approval. The 180 days period does not apply to e-bullion depositors.


Is MoneyForex Trading system adhering to Islamic Shariah Law?

Yes. MoneyForex offers Islamic Forex and CFDs trading account upon request. The account will be set up as interest free and Forex & CFDs trading account. Please notify us during submitting of your application so that we will place your account under the Islamic Shariah Law account. Please click here for Islamic Forex Trading complete information.

For standard cost of carry or premium charges, please click here.

For more open account FAQ, please click here.

Online Forex Currency Exchange Trading FAQs

What Is Foreign Exchange?

The Foreign Exchange trading market, also referred to as the "Forex" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.3 trillion. Forex is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EURO/USD or USD/CHF.


Who Are The Participants In The FX Market?

The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.


What Is Margin?

Margin is required collateral for taking a forex trading position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the forex market leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively whereas equity market only provides leverage of 50% (double the buying power).


What Are Commissions And Fees charged By MoneyForex?

Unlike many other forex brokers, MoneyForex does not charge any commission in executing a forex trading order. We are a market maker and our major revenue is generated from the spread from currency traded; usually 3 to 5 pips. There is a small cost of holding positions overnight. Please see interest page.


What Does It Mean Have A 'Long' Or 'Short' Position?

A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate; the investor is benefiting from a declining market. The risk of having either long or short position will be the same.


How Do I Manage Risk?

The most common risk management tools in forex online trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed. Please see Risk Statement.

Forex Charts And Signal

Forex Charts And Signal
MoneyForex Trader forex trading platform provides live forex charts and forex signals with more than 30+ technical analysis tools suitable for beginners and professionals.

Integrated charting based on real-time dealing rates; various chart intervals; many chart styles (such as candlestick, bar, line); Bid and Ask charts; flexible trend lines; Fibonacci projections and retracements; current rate indication line and spread band; drawing object opacity customization for easy chart reading; export to MetaStock; virtually unlimited history length and much more.

In addition, MoneyForex is one of the pioneer in the invention of "Trading From The Chart" feature. All orders and positions are displayed on the chart; modify or cancel order right from the chart (either by clicking or dragging); close position from the chart. This feature allows trader to execute trades either open or close position right from the charts without wasting a split seconds.

As for seasons trader, our forex trading platform provides studies and scripting with 30+ built-in indicators; multiple indicators on one chart; customizable indicator parameters, colors, and thickness; intuitive indicator builder with built-in language.

In essense, MoneyForex Trader is the most powerful and technically advanced forex trading software platform for retail Forex trading.

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Foreign exchange market

where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.

Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]

The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.

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WORLD FOREX: Dollar Demand Rises On Financial-Sector

NEW YORK Dollar demand is back on a return of financial-sector woes Tuesday.

The Dow Jones Industrial Average is down more than 150 points on the day, dragging currencies associated with risk sentiment, including the greenback's European rivals.

Risk appetite has reversed from last week's rally at the start of earnings season and on a report that says the International Monetary Fund has increased its forecast for toxic debts accumulated by banks and insurers worldwide to $4 trillion.

The U.K. newspaper The Times reported that the IMF may raise its forecast for U.S.-originated assets to $3.1 trillion from $2.2 trillion and Europe and Asia-originated assets to $900 billion.

"Although recent government efforts have reduced the risk of another high-profile banking failure, investor expectations of a swift recovery to health for the financial industry may yet prove premature," said Brian Kim, a foreign exchange analyst at UBS.

The euro and U.K. pound's decline Tuesday also comes after they were unable to break beyond key technical levels Monday before traders took profits off their recent rally.

"We now think there is a material danger that we could see a move [for euro] towards this $1.2750-60 level and feel that likelihood will rise exponentially if we break this $1.3095-$1.3113 level," said technical analysts at Citigroup.

"As a consequence we are establishing an opportunistic short at $1.3274 with a stop loss at $1.3430," they said.

In addition, comments by European Central Bank officials indicate any euro gains based on the bank's relatively careful approach to easing rates will fade.

ECB governing council member George Provopoulos said he doesn't see 1% as a barrier for the refi rate, currently at 1.25%, and that the ECB could cut rates below that level if economic conditions deteriorate.

In a telephone interview with Bloomberg late Monday, Provopoulos - who is governor of the Bank of Greece - was also quoted as saying that the central bank could potentially buy corporate debt to boost lending.

Late Tuesday morning in New York, the euro was at $1.3276 from $1.3414 late Monday. The dollar was at Y100.66 from Y101.0, according to EBS. The euro was at Y133.65 from Y135.49. The U.K. pound was at $1.4760 from $1.4751, while the dollar was at CHF1.1449 from CHF1.1367.

Overnight data did little to support the euro or pound either.

Final official data Tuesday showed the record contraction in the euro-zone economy in the fourth quarter was even sharper than initially estimated. Gross domestic product contracted 1.6% on the quarter and 1.5% on the year in the final three months of 2008, the biggest contraction by both measures since records began in 1995, the European Union's Eurostat statistics agency said.

In addition, U.K. manufacturing output declined for the 12th straight month in February, down 0.9%. However, compared with a revised 3.0% drop in January, this was the smallest monthly drop since August 2008.

Elsewhere, the Reserve Bank of Australia on Tuesday cut interest rates a further one quarter of a percentage point to a 49-year low of 3.0%, saying the economy is contracting, but at a slower pace than other major economies. The bank indicated a more neutral policy stance and said there are early signs of improvement in the world economy, including in China, Australia's largest trading partner.

The initial impact was positive on the Australian dollar. However, Barclays Capital analysts indicate that local banks are unlikely to pass through the entire cut to borrowers. This "may put pressure on the RBA to cut rates further and likely unwind most of the Australian dollar's immediate post-RBA gains," they said.

The Bank of Japan voted unanimously to hold interest rates steady at 0.1%. The bank also widened the range of acceptable collateral for its money-market operations, a bid to get more funds to struggling banks and businesses.

Meanwhile, ECB Board member Juergen Stark said the decision by leaders from the Group of 20 last week to boost the Special Drawing Rights of the International Monetary Fund is like creating "helicopter money for the globe."

"That is pure money creation," German business daily Handelsblatt quoted Stark as saying, indicating that the move could spur inflation.

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Foreign exchange market

The foreign exchange market (currency, forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.

Now, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]

The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies

Technical Analysis

Technical Analysis concentrates on the simple fact that history repeats itself as well as a graphical representation of the market price action. This type of analysis is ideal for long-term to short-term strategies, depending on the timeframe used during the analysis process. Use the technical analysis to develop a trading plan and define the target and stop loss for any trade.

Rupee remains firm in the kerb

The rupee continued to trade on a firm note without showing any major change in its price against all major currencies today as well. The national currency remained firm against the green back and enjoyed more firmness against Pound Sterling and Euro. The rupee started the day at overnight trading price and enjoyed support from the market sentiments against green, Pound and Euro. However, there was no major activity in the market today as well and the market remained under low trading turnover and showed no major activity. There was normal fluctuation in the prices of the currencies. Again, no major buying or selling was seen on the desks and technically the market behaved in favor of the national currency as it has been doing for the last so many days. According to the senior executives at KKI, this is a temporary situation in the market due to the war and it will prevail for few more days more until and unless the future political scenario in the market does not get clear. There will be no major buying and the buyers will wait to see the outcome of the war now and its effects on the international value of currencies.
Overall, rupee remained firm and the market waited to see the consequences of the war and thus no significant trading activities were seen in the market. Therefore, the market started the week on a firm note here in the kerb.

CURRENCY TRANSFERS...

FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The Foreign Exchange Market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.Today FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global forex and related markets is continuously growing. Traditional daily turnover was reported to be over US$ 3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc, and the need for trading in such currencies.

Who trades currencies, and why?

Daily turnover in the world's currencies comes from two sources:
Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.


Speculation for profit (95%).
Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.

The world's most traded market, trading 24 hours a day

With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.

Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.

What's Forex?

"Forex" stands for foreign exchange; it's also known as FX. In a forex trade, you buy one currency while simultaneously selling another - that is, you're exchanging the sold currency for the one you're buying. The foreign exchange market is an over-the-counter market.

Currencies trade in pairs, like the Euro-US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or futures, there's no centralized exchange for forex. All transactions happen via phone or electronic network.