Free Forex Signal

Major Forex Indicators

2008-04-04T22:50:00.000-07:00

Certain financial indicators have a history of moving the financial markets when the actual numbers don't match consensus. This article explain what some of the better financial indicators are and the ones traders should pay close attention to when trading the forex market.

APICS Survey - The APICS survey provides detailed information of the manufacturing sector. This survey is less well known than the ISM, but can also suggest trends in production. The diffusion index does not move in tandem with the ISM index each month, but sometimes the two do move in the same direction. Since manufacturing is a major sector of economy, investors can get a feel for the general economic backdrop for several investments. These surveys also play an important role in learning forex trading.

Business Inventories - The degree of inventories in relation to sales is an important signal of the near-term direction of production activity. Investors need to monitor the economy closely because it usually dictates how various types of investments will perform. Growing inventories can be an indication of business optimism that sales will be growing in the coming months. By looking at the proportion of inventories to sales, investors can see whether production demands will expand or contract in the near future. The business inventory data provide a valuable forward-looking tool for traversing the economy and it is greatly used while making forex trading strategies.

Chain Stores Sales - It is monthly sales volumes from department, chain, discount and apparel stores. Sales are reported by the individual retailers. Chain store sales are an indicator of retail sales and consumer spending results. Consumer spending accounts for two-thirds of the economy, so if you know what consumers are up to, you will have a pretty good grip on where the economy is headed. Sales are reported as a change from the same month a year ago. It is significant to know how strong sales actually were a year ago to make sense of this year's sales. In addition, sales are normally reported for "comparable stores" in case of company mergers.

Construction Spending - Data are available in nominal and real (inflation-adjusted) dollars. Because of their forex trading strategies, businesses only put money into construction of new factories or offices when they are sure that demand is strong enough to justify the expansion. The same goes for individuals making the investment in a home. That's why construction spending is a good indicator of the economy's momentum.

Consumer Confidence - It is study of consumer attitudes concerning both the present position as well as expectations regarding economic conditions conducted by The Conference Board. The level of consumer confidence is directly related to the intensity of consumer spending. Consumer spending accounts for two-thirds of the economy, so the markets are always dying to know what consumers are up to and how they might act in the near future. The more confident consumers are about the economy and their own personal finances, the more likely they are to spend. With this in mind, it's easy to see how this index of consumer attitudes gives insight to the way of the economy. Changes in consumer confidence and retail sales don't move in tandem month by month.

Consumer Price Index (CPI) - It is measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly changes in the CPI represent the inflation rate. The CPI is the most followed indicator of inflation in the United States, some forex training institutes also keeps record of it for training purpose. Inflation is a general increase in the cost of goods and services. The relationship between inflation and interest rates is the key to understanding how data like the CPI influence the markets. By tracking the trends in inflation, whether high or low, ascending or descending, investors can anticipate how different types of investments will perform.

Current account - It is a measure of the country's international trade balance in goods, services and unilateral transfers. The level of the current account, as well as the trends in exports and imports, are followed as indicators of trends in foreign trade. U.S. trade with foreign countries hold significant clues to economic trends here and abroad. According to forex training experts this data can directly affect all the financial markets, and particularly the foreign exchange value of the dollar.

By: Andrew Daigle

Free Forex Signal 3 April 2008

2008-04-02T18:21:00.000-07:00

EUR/USD LONG @ 1.5655
* TP: 1.5705 (minimum target), 1.5720 (max target)
* SL: 1.5615

EUR/JPY LONG @ 160.13
* TP: 160.63 (minimum target), 161.13 (max target)
* SL: 1.5720

USD/JPY LONG @ 102.27
* TP: 102.57 (minimum target), 102.77 (max target)
* SL: 101.87

Free Forex Signal 31 March 2008

2008-03-30T18:19:00.000-07:00

EUR/USD LONG @ 1.5760
* TP: 1.5800 (minimum target), 1.5820 (max target)
* SL: 1.5720

Marketiva Forex Broker Review

2008-03-30T02:48:00.000-07:00

Marketiva is one of the most popular online Forex brokers:

* Buy and sell major currency pairs and cross rates with one mouse click
* You can start trading with as little as $1!
* Open your account for free and get $5 cash reward so you can start trading right away!
* Spreads between bid and offer prices are among the tightest in the Forex market
* Trading on margin (1%) allows you to trade $10,000 with only $100 deposit (collateral) in your account
* You don't need to start on live market right away - practice with your virtual money first
* You can invest money in various Investment Funds through Marketiva
* Trade world indexes (DOW, NASDAQ, DAX, FTSE, S&P) and precious metalls (gold, silver, platinum, palladium)
* No commissions or exchange fees on your trades - you can trade as much as you like!
* No interest charged on your open positions
* Read real-time economic news and forecasts about global economy and Forex markets
* Get alerts narrated aloud prior to major scheduled market events
* Chat with other Forex traders about market events, exchange trading ideas and learn
* Get help from the support professionals available 24h on support channels
* The most sophisticated and easy-to-use Forex charting tool with built-in advanced technical indicators
* You can trade, view and modify open positions - directly on your charts
* Modify parameters of technical indicators in real-time and see how they appear immediately
* Build your chart collection by adding your saved chart configurations
* Easy to use and understand even if you are a beginner
* Streamster trading software gives you the best Forex trading experience available!
* Arrange trading windows according to your preference, set charting options, use auto-pilot, and much more...
* You only need 5 minutes to open your account - and it's free!

Open an account with Marketiva now if you want experience one of the most easy and convinient Forex trading brokerage.

Forex Trading Signal Systems DIMONX6

2008-03-29T19:30:00.000-07:00

After almost nine months of hard work we are finally ready to reveal our new Forex trading system called DIMONX6. Using computer programs to trade is becoming more popular these days. The computer software does the analytical work and you are left with the execution. You will have on your hands an forex trading system that will create the trading signals for you. You can use it for as long as you keep our program in your computer. Online currency trading can be done from the comfort of your home. Be part of it. Foreign currency trading is a business of the future.

HERE IS WHAT YOU WILL DO

* You will download our forex automatic trading system DIMONX6 from our site and save it to your computer. See the screen above. Read our User Guide.
* You will fill out these six columns only:
o Current price.
o Highest price within last 24 hours.
o Lowest price within last 24 hours.
o Price exactly 24 hours ago.
o Price exactly 48 hours ago.
o Price exactly 72 hours ago.
* You will find all the prices on the chart that you will get from your broker as a part of the trading platform.
* Once you have completed the six columns, the program will start working. And in just about 15 to 30 seconds, you will get your entry signals.
* You are left with the execution according to our user guide.
* DIMONX6 is a range trading system. You will always get two signals on the DIMONX6 platform. One for buy and one for sell. You will take the signal that the market reaches first according to our instructions. It can be buy or it can be sell. You must monitor your trades all the time. Read our User Guide.
* In our User Guide you will also find different exit strategies you can use.
* NOTE: The prices exactly 24, 48, and 72 hours ago on our platform can be filled in with any price (open, high, low or close) on the 10 minutes chart frame (+ or - 10 minutes) 24, 48, and 72 hours ago. The highest and the lowest price within the 24 hours must be exactly the lowest and the highest price.
HELP: To create signals at the same time (+ or - 10 minutes) every day has big advantages. Here is one of them: Today's current price will become tomorrow's 24 hour ago price, then after tomorrow, 48 hour ago price, and then finally 72 hour ago price. To know how to count Saturdays and Sundays as 24, 48, 72 hours you must read our User Guide.

DIMONX6 IS PROGRAMMED FOR 15 CROSSES OF CURRENCY:
EUR/USD GBP/USD USD/CHF USD/JPY USD/CAD
AUD/USD EUR/JPY EUR/CHF EUR/GBP GBP/JPY
GBP/CHF EUR/AUD CHF/JPY NZD/USD AUD/JPY

* You will receive Forex automatic range trading system that will create signals for fifteen crosses of currency. EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD, EUR/JPY EUR/CHF EUR/GBP, GBP/JPY, GBP/CHF, EUR/AUD, CHF/JPY, NZD/USD, AUD/JPY.
* You will download our forex automatic trading system DIMONX6 from our site and save it to your computer. See the screen above.
* You will be able create your own trading signals yourself with our forex trading system - DIMONX6.
* DIMONX6 is programmed to use historical data and the current time to create projected entry signals. Our automatic forex day trading signals system called DIMONX6 will create the trading signals for you.
* You will be creating new trading signals using DIMONX6 advanced signal system every trading day.
* DIMONX6 is a range trading system. You will always get two signals on the DIMONX6 platform.
* Read our User Guide. In our User Guide you will also find different exit strategies you can use.

Download DEMO version here
To Purchase FULL version (188.00 USD) click here

How do I get started in Forex?

2008-03-29T09:03:00.000-07:00

Do you see the profit potential in trading currencies, but learning to trade just seems too daunting? Have you watched with excitement the recent crashing of the value of the USD, but simply don’t know how to get started trading?

While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors.

1. Overtrading: Each trade costs you a couple of pips—Consider your trades well before you make them. Each faulty trade, even if exited quickly, drains equity.
2. Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using stop loss orders, so that you never risk too high a percentage of your equity on any one single trade.
3. Lack of knowledge: If you have never traded Forex before, educate yourself! Successful traders are not born that way. The difference between success and failure in the Forex market depends in no small part on the knowledge and education of a trader. For the beginning trader, a proper education is essential before investing in the Foreign Exchange. Find a program you are comfortable with, and begin practicing on a demo account.

Trading on the foreign exchange offers unparalleled opportunities for profit, but it is also extremely risky. Make sure you know what you are getting into before you start trading, and start trading only when you are comfortable in your knowledge and ability.

Choosing Forex Trading Software

2008-03-29T08:59:00.000-07:00

If you plan to start trading with Forex online you will need the right software system to give you the ability to collect information on market prices and make Forex trades quickly and easily. There are two types of Forex software available. One is web based while the other is client based.

The Forex market is a high paced fast moving market and to make good trades you need good information and with the right software and a high speed internet connection everything you need is only mouse click away. You just need to decide on which software is best for you.

Client based Forex trading software is downloaded and then installed on your computer. The biggest draw back to a client based system is that you can only access it from the computer on which it is installed. You also need to be concerned with the security on your system.

Web based software lets you login in with an internet connection and you can use any computer anywhere. Web based software tends to less vulnerable to viruses and hackers because of the high security implemented.

Whether you use web based or client based it needs to provide you with real time quotes and the means to quickly buy and sell on the market. If you choose client based software it pays to pay the fee that ensures you software updates because there are regular changes.

Brokers house your client information on two servers in two different locations for security and safety of your data. So for example if a server has a power failure the data is automatically transferred to the other server and you won’t even realize there was an interruption. Brokers also back up their server using an ongoing system so nothing is ever lost.

You may have found your calling with Forex. There is plenty of money to be made on the currency market. The first step is taking a little risk, the next step is choosing the right Forex trading software, and finally you’ll reap the rewards in profits.

Tips For Global Forex Trading

2008-03-29T08:56:00.000-07:00

You’ve decided to become a trader on the Forex market but since you’ve never played on the currency market you aren’t sure where to start. Not to worry – we’ve got some great tips for global Forex trading,

Forex is the foreign exchange market where currencies are bought and sold. It began back in the 1970’s with the introduction of free exchange rates and floating currencies. Thanks to the internet more and more people are able to reap the profits of the currency market with global Forex trading.

This is a market that trades as over US$1 trillion a day. It trades more than any other market. There are some distinct differences in the currency market compared to the stock market. Money moves much faster so no single investor has the ability to actually affect market price and trades are able to open and close within seconds which is not possible on the stock market.

To start your global Forex trading you need to open a Forex account. Just fill in the application and the sign the margin agreement which let’s the broker intervene at any time. That makes sense since it’s the broker’s money that just makes sense.

You need to choose a trading strategy that works for you. Different strategies work for different traders to don’t try to makes something work, instead find the right trading strategy for you.

It’s important to understand that trends move prices so a smart investor will make trends their friend and even go so far as to examine historical trends.

The top five currency pairs are USD/Yen, Euro/Yen, Swiss franc/USD, Pound USD/ and the Euro/USD. Make sure you know and understand them.

Examine the charts at 1 hour, 4 hour, and daily. This will give you the daily trends and plenty of opportunity to trade. Sure you can trade every 15 minutes if you like but that’s not really practical.

Now that you’ve got all your global Forex trading tips you’re ready to see some profits.

Fundamental or Technical analysis: which one is for you?

2008-03-29T08:54:00.000-07:00

The fundamental analyst in Forex attempts to draw overall conclusions concerning the economic health of a particular economy based on political, social and economic indicators. Based on these conclusions, fundamental analysts determine whether a particular currency is over or undervalued, and trade accordingly.
While fundamental analysis is useful in determining the overall health of an economy, the number of factors contributing to the health of an economy may condemn the fundamental trader to a life of constant analysis. And while, when a conclusion is drawn, a fundamental analyst can confidently hold a long term position, some might say they are missing out on other profitable opportunities.
Unlike the Fundamental analyst, Technical analysts believe that all the forces impacting currency price are instantly factored into the market. Eschewing news trading, the technical analyst attempts to construct forecast models for particular currencies based on previous market activity, as reflected in the charts.
There are certain patterns that continuously appear in online Forex movements, and if a particular pattern can be recognized before it is complete, online traders can make substantial profit.
Beneath the sound and fury of seemingly arbitrary price fluctuations, the technical analysts locates identifiable patterns in the charts. Certain patterns that continuously appear in currency movements—such as head and shoulders, ascending and descending triangles, and wedges, to name a few—and technical traders look for these in order to identify entry and exit points.
Some brokerages provide complimentary advanced charting features, complete with dozens of indicators and tools used to aid in technical analysis.

What Forex Scalping is?

2008-03-29T08:51:00.001-07:00

Forex scalping is a trading strategy in which the trader makes dozens or even hundreds of trades daily, looking to capture a few pips per trade. Generally, scalpers stay in trades for less than a minute, bolting as soon as their position captures a few pips.
Brokers do not look kindly upon scalpers, as many times scalpers will exit a position before the dealing desk has time to deal your order. This means that the brokerage has to eat the position—a successful scalper will consistently earn money—money that comes directly from the brokerage’s pocket.
To avoid this conflict of interest between scalpers and the brokerages, scalpers often trade with electronic communication network (ECN) brokerages, which circumvent the dealing desk allowing online traders to trade directly with one another. ECN brokerages usually have less liquidity than traditional dealing desk brokerages and charge a per trade commission, but their pip spreads are narrower.
To be a successful online Forex scalper, traders must follow strict risk management rules. Because the scalper grabs only a couple of pips at a time, one big loss can wipe out dozens and dozens of careful, meticulous trading. Traders should be sure to use stop loss orders, ensuring that the profit/loss margin on each trade is very small.

The Foreign Exchange

2008-03-29T08:49:00.000-07:00

The Foreign Exchange is the largest financial market in the world, with trillions of dollars traded each and every day. Initially utilized just by large banks, multinational corporations and extremely wealthy currency speculators, the influx of online brokerages tailored to the retail market has created a vibrant retail foreign exchange market! Now, with a relatively small initial investment, anyone with an internet connection can take advantage of the online Forex market.
While banks and large multinational corporations generally execute foreign exchange transactions simply as a function of doing international business or to hedge their base currency to protect against devaluation, currency speculators exploit fluctuations in the foreign exchange market exclusively for profit. While trading currencies is a bit riskier than trading other instruments, like stocks and commodities, the potential for profit is unparalleled. For example George Soros, perhaps the most successful Forex trader, made $1 billion in a single day when he sold the pound against the dollar in 1992.
The major currencies traded on the foreign exchange are the US dollar, the Eurodollar, the Japanese Yen, the Swiss Franc, and the British Pound. These different currencies are expressed as pairs. When these pairs are traded, one of the currencies is bought and the other currency is sold concurrently. Today, anyone with an internet connection can trade these pairs under the same conditions once reserved for high value individuals and corporations. Most retail brokerages offer real time currency prices, instant execution, advanced charting features and extensive real time news and analysis feeds.
If you are interested in trying out the foreign exchange, we have assembled a list of quality brokerages that offer free “fake money” accounts where one may trade in real market conditions. Not only is their immense profit potential in the Foreign Exchange market, it is quite exhilarating as well. Why not give it a shot?

History of the Foreign Exchange

2008-03-29T08:45:00.000-07:00

Until the mid-seventies, major industrial economies were governed by the Bretton Woods agreement of 1944. The Bretton Woods agreement—which was named after the location of the international conference establishing this new monetary order—obliged participating international economies to peg their currencies to the dollar, which itself remained within a 1% standard deviation from the prevailing gold rate.
The architects of the Bretton Woods agreement hoped to prevent countries from artificially devaluating currencies, in order to make goods more attractive in the international marketplace, which led, in part, to a disastrous shrinking of the world economy in the 30s.
The system they established lasted for the next three decades. Shrinking confidence in the dollar, however, lead to a new international monetary system of floating rates, meaning that regular market forces, rather than governmental intervention, would determine the value of currencies. It was from this new system that the modern Forex market arose.
In a floating exchange rate system, market demand determines the relative value of currencies. Such a system is thought of as self-correcting, as any inefficiency is hammered out in the market. If, for instance, global demand for a particular currency falls, goods will become cheaper, and thus the value will begin to rise with the newly created demand.
In a floating exchange system, traders can exploit inefficiencies before the market corrects itself. These traders are called arbitrageurs, and they are able to utilize online brokers to execute their trades. If you are interested in beginning to trade in the Foreign Exchange, please visit our broker’s page to find a broker suitable for you.

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2008-03-29T06:40:00.000-07:00

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