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Trend,Momentum and Timing in Forex

2009-09-21T15:32:00.000-07:00

When doing technical analysis on forex. There are 3 factors that need to be properly recognise and use. They are trend, momentum and timing.TrendTrend is the tendency of movement to a particular direction. When it is uptrend, the price will move up and vice versa.Momentum.Momentum is the strength of movement. The stronger the momentum the stronger the move. When the momentum is finished, it will reverse.TimingTiming is when u enter the market. Enter only when the profit to risk ratio is good. Other than that better stay out.

Welcome To The World Of Forex

2009-09-21T15:29:00.000-07:00

Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.Forex is becoming more and more popular due to its availability over the internet and current high speed internet. Some people have made a living out of forex trading. Its not easy but we all have to start somewhere. Here there will be infomation on forex trading, forex brokers, forex signal, forex chart, technical study and fundamental study of forex and lots more.There will be other posters, other forex traders that will contribute article here. Come and learn to trade forex. See how easy it is actually to make money and to lose money as well.

Forex Is Not........

2009-09-21T15:24:00.000-07:00

Forex is not a quick rich scheme.Forex is not easy even though my blog says so.Forex is not a place for newbieForex is not something you can learn overnightIf you needed the money, dont put it in Forex. Seriously. Go somewhere else.Forex is a journey, enjoy it.There is no such thing as holy grail coz there is no perfection in this world. If perfection exist in this world it would be boring. No more room for improvement.Forex is not rocket science. There is no right or wrong. There is only probability.