Praetorian Forex Learn For Newbies

14 Perusahaan Broker Forex Dealer Digugat CFTC

noreply@blogger.com (PraetorianFx) — Thu, 27 Jan 2011 09:13:00 +0000

14 PERUSAHAAN MATA UANG ASING, Yang merupakan penggunaan pertama otoritas baru di bawah 2008 Farm Bill dan Dodd-Frank UU untuk mengatur pedagang valuta asing.

CFTC ( U.S. Commodity Futures Trading Commission ) menggugat 14 PERUSAHAAN MATA UANG ASING.
Yang merupakan penggunaan pertama otoritas baru di bawah 2008 Farm Bill dan Dodd-Frank UU untuk mengatur pedagang valuta asing.

Washington, DC - The US Commodity Futures Trading Commission ( CFTC ) hari ini mengumumkan bahwa secara bersamaan diajukan 13 tindakan penegakan hukum di Pengadilan Distrik Federal di Chicago, Distrik Columbia, Kansas City dan New York, menyatakan bahwa 14 entitas secara ilegal meminta anggota publik untuk terlibat dalam mata uang asing (forex) transaksi dan bahwa mereka beroperasi tanpa terdaftar di CFTC.

Tindakan hari ini adalah yang pertama diambil oleh CFTC untuk menegakkan peraturan forex baru yang berlaku efektif pada bulan Oktober 2010.
Peraturan baru ini mengharuskan entitas yang ingin berpartisipasi dalam pasar forex untuk mendaftar dengan CFTC dan mematuhi peraturan yang dimaksudkan untuk melindungi masyarakat.

Peraturan ini mengharuskan dealer forex mengambil langkah-langkah untuk melindungi investor, termasuk modal memelihara dan catatan, yang akan mengurangi risiko dan meningkatkan transparansi.
Perusahaan-perusahaan berikut ini digugat oleh CFTC adalah sebagi berikut :

EuroForex Development LLC, a Delaware LLC;
FIG Solutions Limited, Inc., a Delaware corporation;
ForInvest, a Delaware corporation;
FXOpen Investments Inc., a Delaware LLC;
FXPRICE, a Delaware LLC;
GIGFX, L.L.C., a Delaware company;
InovaTrade, Inc., a company with purported offices in Florida;
InstaTrade Corporation d/b/a InstaForex, a British Virgin Islands company;
InvesttechFX Technologies, Inc., a Canadian corporation located in Toronto;
J&K Futures, Inc., a company with purported offices in California and New York;
Kingdom Forex Trading and Futures, Ltd., a Nevada company;
Prime Forex, LLC, a Delaware LLC;
Wall Street Brokers, LLC, a Delaware LLC; and
ZtradeFX LLC, a Connecticut LLC.

Di pasar forex, entitas yang dikenal sebagai Ritel Foreign Exchange Dealer (RFED) atau Futures Commission Merchant (FCM) dapat membeli kontrak mata uang asing dari atau menjual kontrak mata uang asing untuk investor individu.

Di bawah Commodity Exchange Act (CEA) dan CFTC Peraturan, entitas yang bertindak sebagai RFED atau FCM harus mendaftar dengan Komisi dan mematuhi aturan dan peraturan yang dirancang untuk perlindungan investor, termasuk yang pencatatan berkaitan dengan persyaratan modal minimum, dan kepatuhan.

Lebih lanjut, dengan beberapa pengecualian, seperti suatu entitas juga harus terdaftar dengan Komisi jika solicits atau menerima pesanan dari investor AS sehubungan dengan transaksi forex dilakukan pada RFED atau FCM.

Dalam semua kecuali dua dari keluhan, CFTC menuduh bahwa terdakwa bertindak sebagai RFED, yaitu itu menawarkan untuk mengambil atau mengambil sisi berlawanan dari transaksi forex pelanggan tanpa terdaftar.

Dalam dua keluhan yang tersisa, ZtradeFX LLC dan FXPRICE, CFTC menuduh bahwa terdakwa diminta pelanggan untuk menempatkan perdagangan forex pada RFED tanpa terdaftar sebagai Introducing Broker.

Dalam setiap keluhan, CFTC menuduh bahwa terdakwa diminta atau diterima perintah dari investor AS untuk masuk ke dalam transaksi forex yang melanggar Undang-Undang.
CFTC telah bergerak untuk mencegah awal perintah terdakwa tersebut dari operasi kecuali dan sampai mereka mematuhi CEA dan Komisi Peraturan. keluhan ini CFTC juga mencari sipil moneter denda, perdagangan dan larangan pendaftaran, disgorgement dan peniadaan.

CFTC sangat mendesak publik untuk memeriksa apakah perusahaan terdaftar sebelum melakukan investasi dana.
Jika sebuah perusahaan tidak terdaftar, investor harus waspada terhadap penyediaan dana bagi perusahaan.

Status pendaftaran Sebuah perusahaan dapat ditemukan di:
http://www.nfa.futures.org/basicnet/welcome.aspx

CFTC juga sangat mendesak anggota masyarakat untuk mengunjungi website di bawah ini sebelum menginvestasikan uang di pasar forex:
CFTC Konsumen Penasehat: Forex Penipuan: Jika kedengarannya terlalu bagus untuk menjadi kenyataan, mungkin sekali!
http://www.cftc.gov/enf/enf-forex.htm

Penipuan Penasehat dari CFTC: Trading Mata Uang Asing (Forex) Penipuan
http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/CFTCFraudAdvisories/fraudadv_forex.html
Kurs Mata Uang Asing Penipuan: CFTC / NASAA Alert Investor
http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/ForeignCurrencyTrading/cftcnasaaforexalert.html

Divisi CFTC anggota staf Penegakan bertanggung jawab atas kasus-kasus ini:
Margaret Aisenbrey, Kathleen Banar, Barry Blankfield, Kim Bruno, Jennifer Chapin, Elizabeth Davis, James Deacon, Jennifer Diamantis, Rick Glaser, Patricia Gomersall, Amanda Harding, Jessica Harris, Paul Hayeck, Lenel Hickson, Hollinger Rosemary, Janulis William, Konizeski Joseph, Jeffrey Le Riche, Charles Marvine, McCorkle Judith, McCormack Joy, McGonagle Vincent, McCracken Kenneth, Stephen Obie, Ploener Nathan, Ramirez Eliud, Reinhart Stephanie, Xavier Romeu-Matta, Christine Ryall, Spicer Veronica, Streit Elizabeth, Sultan Manal, Lara Turcik, Turley Stephen, Richard Wagner dan Williamson Scott.

Terakhir Diperbarui: 26 Januari 2011

Kontak Media Dennis Holden 202-418-5088
sumber : http://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html

Protect MQ4

noreply@blogger.com (PraetorianFx) — Mon, 15 Jun 2009 16:21:00 +0000

Without protecting your MQL4 code it will be waste of time to try to commercialize your programs, that's why I'm writing this article.

Source code verse binary:

Just as a review and to emphasis that we are talking about how to protect the .ex4 files read the next section:
There are two kinds of files that you use with MetaTrader; the program files and the executable files:

The program files are normal text files but have one of these extensions: .mq4 and .mgh.
These files are the source code of the programs wrote in MQL4 programming language; source code means they could be opened for viewing or editing in MetaEditor.

The executable files are binary files (you can't open them for viewing or editing) and has the extension .ex4.
These files are the result of compiling the .mq4 files using MetaEditor, and these are the files that you can load them in MetaTrader and use them.

Compiling is an operation taken by a special program (called a compiler) to convert the program from text (readable) format to the binary format which the computer can understand (computers think in binary).
This is the general definition of compiling. Compiling in our case is converting the mq4 files to ex4 for file using MetaEditor program.

We are doing this by opening the mq4 files in MetaEditor then pressing F5 hot key. MetaEditor will compile (convert) the file to ex4 format and keeping the mq4 file untouched MetaEditor will place the generated ex4 file at the same path as the mq4 file. We compile the mq4 files because the MetaTrader can't load any files except ex4 files.

The source code of MQL4 programs can't be protect because it's in text format and when you distribute it you intend to give the receiver the access to the source code of the program.
The executable version of the program is the only version that you can protect it. You protect it by write the protection code in the source code of the program then compile it to the ex4 format then distribute it to the user.

Kinds (ideas) of the protection:

We are going to discuss some ideas of MQL4 programs protection, maybe they are not the best but they are the common ideas, we are going to write some code to apply these ideas:
Password protection code:

This the widely used method to protect softwares in general and can be used to protect MQL4 programs.
When the user buy your program you send him the program with a password and he can use the program without the password.

This is a simple code to apply password protection method:

int start() {
    extern string Please_Enter_Password = "0";
   // your code here.... --- Put your code here ----
int start() {
    if (password != "viva metatrader") { //change to the password you give the user!
       Alert ("Wrong password!");
    return (0);
    }
   // your code here.... --- Put your code here ----
}

In the code above the password is "viva metatrader" which is hard coded in the MQL4 file. You have to compile the program after adding this piece of code and send it to the user with the password.

Trial period protection:

If you want to give the user of the program a try-before-buy program you can limit the usage of your program by limited period of time and after this period the program will not work.
Use the code below to limit your program for period of time.

int start() {
   string expire_date = "2006.31.06"; // <-- hard coded datetime
   datetime e_d = StrToTime(expire_date);
   if (CurTime() >= e_d) {
       Alert ("The trial version has been expired!");
       return(0);
   }
   // your code here.... --- Put your code here ----
   return(0);
}

Limited account number protection:

In this method of protection you will ask the user to give you his account number and you write the following code to prevent the program to work with another accounts:

int start() {
   int hard_accnt = 11111; //<-- type the user account here before compiling int
   accnt = AccountNumber();
   if (accnt != hard_accnt) {
       Alert ("You can not use this account (" + DoubleToStr(accnt,0) + ") with this program!");
       return(0);
    }
   // your code here.... --- Put your normal code here ----
return(0);
}

Limited account type protection:

In this method of protection you will allow the user to use the program in demo mode only and prevent him to use the program in live trading.
It's not strong protection because the user can host the program in another instance of MetaTrader that runs in demo mode and trade manually in the real account instance.

int start() {
    bool demo_account = IsDemo();
    if (!demo_account) {
         Alert ("You can not use the program with a real account!");
         return(0);
    }
// your code here.... --- Put your normal code here ----
return(0);
}

Re-Edit From : http://www.metatrader.info

-EOF-

Forex Neural Networks 1

noreply@blogger.com (PraetorianFx) — Wed, 13 May 2009 16:39:00 +0000

Arrgghhh long time no write my blog log... today i want to write somethin i have to learn.
Yes.. its all about my forex still.. on my boree of my life, but i want to did something usefull for me and you, readers of course.. :D

Now i have think and i want to learn about Neural Networks Spot, Forex Forecasting... for now on, I dont know WTF this Syatem. I grab this articles from MQ4 dot com. it will separated on 4 Post by meh. latter.. edit this... blablabla

Introduction

During the last several years we observe the explosion of interest towards neural networks, successfully used in different spheres - business, medicine, technology, geology, physics. Neural networks are widely used in spheres that require forecasting, classification and management. Such an impressive success is determined by several reasons:

* Wide possibilities. Neural networks are a very powerful modelling tool, allowing the reproduction of immensely complicated relations. In particular, neural networks are nonlinear by nature. Over a period of many years linear modelling was the main method of modelling in the majority of spheres, because optimization procedures for it are well developed. In tasks, where linear approximation is not enough, linear models operate poorly. Besides, neural networks overcome "the curse of dimensionality", which does not allow modelling linear relations in case of a large number of variables.
* Easy usage. Neural networks learn by examples. The user of a neural network collates representative data and then starts the algorithm of training, which automatically accepts the data structure. Of course the user should have a set of heuristic knowledge about the way of selecting and preparing data, of choosing the appropriate network architecture and interpreting results. However, the knowledge level, needed for a successful use of neural networks, is much lower, than that needed in traditional statistics methods.

Neural networks are attractive from the point of view intuition, because they are based on the primitive biological model of nervous systems. In future, the development of such neuro-biological models can lead to the creation of really intelligent computers. [1]

Forecasting financial time series is a primary member of any investment activity. The whole idea of investment - investing money now with the purpose of getting profit in future - is based on the idea of forecasting future. Accordingly, forecasting financial time series lies at the root of the investment industry - all stock exchanges and over-the-counter (OTC) markets.

It is known, that 99% of all trades are speculative, i.e. are aimed not at a real trade turnover, but at taking profit using the scheme "buy cheap - sell dear". They are all based on the forecasts of price movements by a trade participants. What is important - forecasts of the trade participants are contrary to each other. So the amount of speculative operations characterizes the difference in the forecasts of the market participants, i. e. actually - the unpredictability of financial time series.

This most important feature of market time series underlie the theory of the "efficient" market, described in the thesis of L. Bachelier in 1900. According to this thesis, an investor can rely only on the average market profitability, assessed by indexes, like Dow Jones or S&P500 for New-York Exchange. Any speculative profit is of random nature and is like gambling (there is something attractive in it, isn't there?). The reason for the unpredictable nature of market curves is the same, as why money rarely lies on the ground in public places: too many people wishing to take it.

Naturally, the theory of an efficient market is not supported by the market participants (which are looking for the money lying about). Many of them think that, despite the seeming stochasticity, all time series are full of hidden regularities, i.e. are predictable, at least partially. The founder of a wave analysis R. Elliot tried to find such hidden empirical regularities in his articles in the 30s.

In the 80s this point of view was unexpectedly supported in the newly appeared theory of dynamic chaos. This theory is based on the contraposition of the chaotic state and stochasticity (randomness). Chaotic series only seem random, but as a deterministic dynamic process they allow short-term forecasting. The sphere of probable forecasting is restricted in time by the horizon of forecasting, but this can be enough for getting real profit from forecasting (Chorafas, 1994). And those, who use the best mathematics methods of extracting regularities from noisy chaotic series, can expect large profits - at the expense of less equipped fellows.

The last decade was characterised by a persistent growth of the popularity of technical analysis - a set of empirical rules, based on different indicators of the market behaviour. The technical analysis focuses on the individual behaviour of this financial instrument, apart from other securities. But technical analysis is very subjective and works inefficiently on the right edge of a chart - exactly where we need the forecast of a price direction. That is why more popularity is gained by the neuro-network analysis, because, as opposed to the technical one, it does not set any restrictions on the type of the entry information. This may be indicators of the given indicator series, as well as the information about the behaviour of other market instruments. Not in vain neural networks are widely used by institutional investors (for example large pension capital funds), working with large portfolios, placing great importance on the correlation between different markets.

Pure neuro-network modelling is based only on data, not using any antecedent arguments. This is its strong and week point at the same time. The available data may be insufficient for training, dimensionality of potential entries may be too large.

That is why for a good forecast one should use neuropackages with large functionality.

Lesson 4. What is a Forex deal?

noreply@blogger.com (PraetorianFx) — Sun, 04 Jan 2009 12:12:00 +0000

The investor's goal in Forex trading is to profit from foreign currency movements.

More than 95% of all Forex trading performed today is for speculative purpose (e.g. profit from currency movement). The rest belongs to hedging (managing business exposures to various currencies) and other activities.

Forex trades (trading onboard internet platforms) are non-delivery trades: currencies are not physically traded, but rather there are currency contracts which are agreed upon and performed. Both parties to such contracts (the trader and the trading platform) undertake to fulfill their obligation: one side undertakes to sell the amount specified, and the other undertakes to buy it. As mentioned, over 95% of the market activity is for speculative purposes, so there is no intention on either side ti actually perform the contract (the physical delivery of the currencies). Thus, the contract ends by offsetting it against an opposite position, resulting in the profit and loss og the parties involved.

My Final Month in Fxopen Competition

noreply@blogger.com (PraetorianFx) — Fri, 02 May 2008 11:31:00 +0000

Now, May 2nd, 2008..

This is my Final report for detailedStatement result of the Ending day in my journey at FXOpen competition..
Not Bad i think ... still don't know yet, how about the other competitor DetailedStatement result.. :(
Who The Winner Is...?? in 2-3 Days it will come.. just wait and see.

My Trading Resume Of This Month :

INITIAL Balance (free margin) = 5.000 USD
CLOSED Balance (Final margin) = 21.304 USD
Consecutive WIN = 13 times
Consecutive LOSE = 1 times

PROFIT TRADE = 326.08 % / Month

My Middle Month in Fxopen Competition

noreply@blogger.com (PraetorianFx) — Mon, 21 Apr 2008 15:38:00 +0000

Now, April 21st, 2008..

This is my report for detailstatement result of the day by day in my journey at FXOpen competition..
I think this is good enough ... but i don't know yet, how about the other competitor detailstatement result.. :(

Feel so bad... I losted 4K on the first week of this month... NFP suck... :((
If i did not lose, may be my account balance was $20K right now. :D

Link My Detailstatement below...

My 1st Day in Fxopen Competition

noreply@blogger.com (PraetorianFx) — Wed, 02 Apr 2008 16:55:00 +0000

Today on April, 2nd 2008 is my first day trading on FxOpen Competetion,.. the last day i has losted my all margin in my long day trade... and now i 'm back for trade in Fx, even this is just only use on demo account... but the prize is good enough..

The FXOpen/TalkGold Trader’s competition is a great chance for the novice trader to start trading in the FOREX market and win some valuable prizes as well. Experienced traders can use the competition to improve trading skills, try different strategies or even test Expert Advisors in a competitive environment.

Winner will receive real money of course.. :))

1st place $1000
2nd place $500
3rd place $300

Hopes,.. i will be the winner on this competetion..

This is my trading strategy, i will follow my indicators which i have use :

1. Super SR
2. GMAC
3. SHI Channel True
4. Standart MACD
5. X Stochastic
6. Fractals
7. ForexFactory Fundamental

All that indicators has modified by me...
than i renamed as BUFFY 2008 V.1 indicator By Praetorian, and for the future this will be born as my EA Robot Trading System.. just wait for me.. absolutly.. FREE... why people sell good EA for.

If have my own EA i will not sell it, i will give you free as long as you make me flatered hahahaha, eh sorry ... but i will sell my services as your Consultant on Advice and maintenance of Our System Robot Trading for all of my customers.

Take alook, this is my DetailStatment on Runing for my 1st day in GBP/JPY of course still in my manual trade... ! :)

My New Blog Post Editor Tools ScribeFire for FireFox Add-ons

noreply@blogger.com (PraetorianFx) — Mon, 17 Mar 2008 21:57:00 +0000

Oooww boooyy... this is good tools what was i'm looking for it...

Firefox Is ROCKK...!!! today i dont have to login to my blogger or my another WP editor page for a just post my new articles or edit my old articles..

as you can see here, this post was posted by me from my new Tools ScribeFire add-on plugin for FireFox.

ScribeFire (previously Performancing for Firefox) is a full-featuredblog editor that integrates with your browser and lets you easily postto your blog.

You can try by your self if you want this tools.. here your step.

1. Go to URL firefox.com (FF) by your FF Browser (hope you already have fireFox)
2. Find Add-ons at FF URL, then search ScribeFire
3. Click Install Now then wait for a moment.. will pop-up appear on screen then clik-"Install Now" button.
4. Restart Browser Pop-up Will appear if installed add-ons Done.
5. Done you will see thats view if you have already done.

Good Luck

My Big Lose Day

noreply@blogger.com (PraetorianFx) — Thu, 13 Mar 2008 17:16:00 +0000

Today... I dont know what i will gona do... yesterday i has lost my all margin in my trade position... oh God.,. please help.. USD suck... i wrote this because i want to think and talk what i'm doing with my blog now... you know.. i aint an expert on forex... sometimes i gone to lose too.. :((

This is my DetailsStatement of my Trade... oh daaammmned... long days for profit trade... just destroyed in 1 week... EURO, STERLING was going on stroong Uptrend... !

For Now on,.. i will going back to my primary work, wait for gain my capital then i will go to trade again...! :D

O yah... i think with my blog this too, i will write about all my work and my other skills for sharing with you peoples out there... All skill what i have and i will share with you as is :

1. Web Programming
2. PC Software Engineering
3. PC Hardware Engineering
4. MT Indicator and MT Expert Advisors Robot Trading Programming
5. Blogger Template Themes
6. Wordpress Template Themes
7. Google API Programming
8. AJAX Web 2.0

That is my all thinking right now... All about IT Stuff. Just wait and see from my post comming.
I will tell you.. i'm interest in google tools for now on.. Google Rockksss... !!!

Praetorian
Journey To My Freedom Live.

March, 14th 2008

Attentionte

noreply@blogger.com (PraetorianFx) — Tue, 11 Mar 2008 15:57:00 +0000

I'm Sorry All, My Blog is going maintenance and Re-design By Me.. now i have to re-code how site is look.. aaah.. boooring in code... but i have to,. :D

About Me

noreply@blogger.com (PraetorianFx) — Wed, 05 Mar 2008 05:13:00 +0000

Hi all, everyone out there...,Welcome to my blog.

I hope you guys understand my english, so you can keep reading what i've wrote in my blog.

May i introduce my self to you. My name is Ivan i'm just an ordinary man,
who living in beautifull city, the capital of west java province called Bandung, Indonesia., i'm indonesian 33 Old for now (2008)...

I'm a self employee trying to be a Freelancer and Net/Entrepreneur :D ... My major is IT system Engineer, Webmaster and Trader at Forex Market Of course. Had My long journey experinces above was (2001 - until Now)

Long story short let's get to the point..., i will not talk to much who i am, just straight to your interest why are you here :)) ... if you want to know about me better, just type my name and search "Irwandhany, G1, Ivandear, Praetorian, Dollarman69" at Uncle Sam Google k... googie googie... googie.. Googie is ROCK !!! who can answer like googie ?! ... find me who i am pls :D....

ohhh wait..
i have forgotten somethin,.. that speech above was remember on me when i speak in english for the first time in front of the peoples on my english course class :)) ..so how about my speech... :ppppp

My LEARN SYSTEM

To be honest to you all, This tutorial was captured, and short editing by me from cross site over the net. Most of all this tutorial i've captured from a site name Babypips.com.

This Lessons Tutorial will devided to 3 Levels.

1. Elementary school (Forex Basic)
2. Middle school (Forex Intermediate)
3. High school (Forex Advance)

That is how our lessons are broken apart, so you can relive the past and also be able to learn and study forex trading techniques at your own pace.

But there's more!

Learning doesn't end in high school!

If you've done well throughout grade school, you have get a full scholarship to college level! Hope i have got full time enough for write next tutorial when i'm on in my trading time later.

Just Learn Check and wait..,. and welcomeeee baaaaack to my site.

Lesson 3. Types Of Charts

noreply@blogger.com (PraetorianFx) — Fri, 29 Feb 2008 21:10:00 +0000

On This Lesson I will try to explain Introduction to the chart direction, Why ..? because in every single day when you trade, you will watching this ever ever ever and always...

Let’s take a look at the three most popular types of charts:

1. Line chart
2. Bar chart
3. Candlestick chart

Line Charts

A simple line chart draws a line from one closing price to the next closing price. When strung together with a line, we can see the general price movement of a currency pair over a period of time.

Here is an example of a line chart for EUR/USD:

Bar Charts

A bar chart also shows closing prices, while simultaneously showing opening prices, as well as the highs and lows. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid. So, the vertical bar indicates the currency pair’s trading range as a whole. The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.

Here is an example of a bar chart for EUR/USD:

NOTE: Throughout our lessons, you will see the word “bar” in reference to a single piece of data on a chart. A bar is simply one segment of time, whether it is one day, one week, or one hour. When you see the word ‘bar’ going forward, be sure to understand what time frame it is referencing.

Bar charts are also called “OHLC” charts, because they indicate the Open, the High, the Low, and the Close for that particular currency.

Here’s an example of a price bar:

Open: The little horizontal line on the left is the opening price
High: The top of the vertical line defines the highest price of the time period
Low: The bottom of the vertical line defines the lowest price of the time period
Close: The little horizontal line on the right is the closing price

Candlestick Charts

Candlestick charts show the same information as a bar chart, but in a prettier, graphic format. Candlestick bars still indicate the high-to-low range with a vertical line. However, in candlestick charting, the larger block in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency closed lower than it opened. In the following example, the ‘filled color’ is black. For our ‘filled’ blocks, the top of the block is the opening price, and the bottom of the block is the closing price. If the closing price is higher than the opening price, then the block in the middle will be “white” or hollow or unfilled.

We don’t like to use the traditional black and white candlesticks. We feel it’s easier to look at a chart that’s colored. A color television is much better than a black and white television, so why not in candlestick charts? We simply substituted green instead of white, and red instead of black. This means that if the price closed higher than it opened, the candlestick would be green.

If the price closed lower than it opened, the candlestick would be red. In our later lessons, you will see how using green and red candles will allow you to “see” things on the charts much faster, such as uptrend/downtrends and possible reversal points.

For now, just remember that we use red and green candlesticks instead of black and white and we will be using these colors from now on

Here is an example of a candlestick chart for EUR/USD. Isn’t it pretty?

The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart. The advantages of candlestick charting are:

- Candlesticks are easy to interpret, and are a good place for a beginner to start figuring out chart analysis.

- Candlesticks are easy to use. Your eyes adapt almost immediately to the information in the bar notation.

- Candlesticks and candlestick patterns have cool names such as the shooting star, which helps you to remember what the pattern means.

- Candlesticks are good at identifying marketing turning points – reversals from an uptrend to a downtrend or a downtrend to an uptrend.

You will learn more about this later.

Now that you know why candlesticks are so cool, it’s time to let you know that we will be using candlestick charts for most, if not all of chart examples on this site.

Re-Edit From Babypips.com

Lesson 2. Forex Basics

noreply@blogger.com (PraetorianFx) — Mon, 18 Feb 2008 05:27:00 +0000

I know what you’re thinking… ?!#$#$%

BORING! JUST SHOW ME HOW TO MAKE MONEY ALREADY!

Well, say No my friend, because here is where your journey as a Forex trader just begins…

This is your last chance to turn back… Take the red pill, and we take you back to where you were and you will forget all about this. You can go back to living your average life in your 9-5 job and work for someone else for the rest of your life.... :)

OR

You still with me And learn how you can make money for yourself in the most active market in the world, simply by using a little brain power. Just remember, your education will never stop. Even after you finish with my tutorials, you must constantly pursue as much knowledge as you can, so that you can become a true FOREX MASTER!

Note: If You Want To Get High Profit in Your Live, Plss friends... Work and Learn Hard... even you just have 1$ in your pocket.. i believe.. everything what you did, you will be paid for what you does.

Two Types of Trading

There are 2 basic types of analysis you can take when approaching the forex:

Fundamental analysis
Technical analysis.

There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both. So let’s break each one down and then come back and put them together.

Fundamental Analysis

Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand. In other words, you look at whose economy is doing well, and whose economy sucks. The idea behind this type of analysis is that if a country’s economy is doing well, their currency will also be doing well. This is because the better a country’s economy, the more trust other countries have in that currency.

For example, the U.S. dollar has been gaining strength because the U.S. economy is gaining strength. As the economy gets better, interest rates get higher to control inflation and as a result, the value of the dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.

EXP Above :
PAIR ---> xxx/USD | Chart Strenght is DOWN | OPEN SELL (Short) STRONG
PAIR ---> USD/xxx | Chart Strenght is UP | OPEN BUY (Long) STRONG

Later on in the tutorial you will learn which specific news events drive currency prices the most. For now, just know that the fundamental analysis of the Forex is a way of analyzing a currency through the strength of that country’s economy.

Technical Analysis

Technical analysis is the study of price movement. In one word, technical analysis = charts. The idea is that a person can look at historical price movements, and, based on the price action, can determine at some level where the price will go. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.

The most IMPORTANT thing you will ever learn in technical analysis is the trend! Many, many, many, many, many, many people have a saying that goes, “The trend is your friend”. The reason for this is that you are much more likely to make money when you can find a trend and trade in the same direction UP or DOWN. Technical analysis can help you identify these trends in its earliest stages and therefore provide you with very profitable trading opportunities.

Now I know you’re thinking to yourself, “Geez, these guys are smart. They use crazy words like "technical" and "fundamental" analysis. I can never learn this stuff!” Don't worry yourself too much. After you're done with this, you too will be just as....uhmmm..."smart?" as us.

So which type of analysis is better?

Ahh, the million dollar question. Throughout your journey as an aspiring Forex trader you will find strong advocates for both fundamental and technical trading. You will have those who argue that it is the fundamentals alone that drive the market and that any patterns found on a chart are simply coincidence. On the other hand, there will be those who argue that it is the technicals that traders pay attention to and because traders pay attention to it, common market patterns can be found to help predict future price movements.

Do not be fooled by these one sided extremists! One is not better than the other...

In order to become a true Forex master you will need to know how to effectively use both types of analysis. Don't believe me? Let me give you an example of how focusing on only one type of analysis can turn into a disaster.

Let’s say that you’re looking at your charts and you find a good trading opportunity. You get all excited thinking about the money that’s going to be raining down from the sky. You say to yourself, “Man, I’ve never seen a more perfect trading opportunity. I love my charts.”

You then proceed to enter your trade with a big fat smile on your face (the kind where all your teeth are showing).

But wait! All of a sudden the trade makes a 30 pip move in the OTHER DIRECTION! Little did you know that there was an interest rate decrease for your currency and now everyone is trading in the opposite direction.

Your big fat smile turns into mush and you start getting angry at your charts. You throw your computer on the ground and begin to pulverize it. You just lost a bunch of money, and now your computer is broken. And it’s all because you completely ignored fundamental analysis.

(Note: This was not based on a real story. This did not happen to me. I was never this naive. I was always a smart trader.... From the overused sarcasm, I think you get the picture)

The Forex is like a big flowing ball of energy, and within that ball is a balance between fundamental and technical factors that play a part in determining where the market will go... ?!

Re-Edit From Babypips.com

Lesson 1. What is Forex

noreply@blogger.com (PraetorianFx) — Mon, 18 Feb 2008 05:19:00 +0000

What is FOREX?

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or “FX” or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of about $2 trillion a day.

If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex is HOT!

What is Traded on the Foreign Exchange?

The simple answer is money, money and money !!! :D. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs.

EXP :
the Pair Euro Currency and US dollar (EUR/USD) or
the Pair British Pound and the Japanese Yen (GBP/JPY).

Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.

In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.

Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Until the late 1990’s, only the “big guys” could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us “little guys”.
However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us... Thx to them :D

All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site.

Me Try to created to introduce novice or beginner traders to all the essential aspects of foreign exchange, in a fun and easy-to-understand manner... I hope but sure.

What is a Spot Market?

A spot market is any market that deals in the current price of a financial instrument.

Which Currencies Are Traded?

The most popular currencies along with their symbols are shown below:

Symbol	Country	Currency	Nickname
USD	United States	Dollar	Buck
EUR	Euro members	Euro	Fiber
JPY	Japan	Yen	Yen
GBP	Great Britain	Pound	Cable
CHF	Switzerland	Franc	Swissy
CAD	Canada	Dollar	Loonie
AUD	Australia	Dollar	Aussie
NZD	New Zealand	Dollar	Kiwi

Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.

When Can Currencies Be Traded?

The spot FX market is unique within the world markets. It’s like a Super Wall-Mart where the market is open 24-hours a day. At any time, somewhere around the world a financial center is open for business, and banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend.

The foreign exchange markets follow the sun around the world, so you can trade late at night (if you’re a vampire) or in the morning (if you’re an early bird).

Keep in mind though !! , the early bird doesn’t necessarily get the worm in this market - you might get the worm but a bigger, nastier bird of prey can sneak up and eat you too...

Time Zone	New York	GMT
Tokyo Open	7:00 pm	0:00
Tokyo Close	4:00 am	9:00
London Open	3:00 am	8:00
London Close	12:00 pm	17:00
New York Open	8:00 am	13:00
New York Close	5:00 pm	22:00

Ok the Next Lesson I will try to explain The Basic Of Forex... oh yessss... yihaaaaa.

Re-Edit From Babypips.com