Forex News Trading
| August 29, 2011 | Posted by admin under Forex Factory |
It is hard to believe, that events in a small country with a population of just 320,000 people could have world wide effect. Flooded with a deluge of information during first 10 days of October, most traders probably didn't even register what was happening in Iceland. Yet it might have been there, according to some market watchers, where the current financial turmoil began.
Over last few years Icelandic Krona has been very high yielding currency, paying more than 15%. For this reason, it has been popular choice in the "carry" play enjoyed by many traders against mainly Japanese Yen an Swiss Franc. This pushed the ISK to lofty levels, which, in turn, helped fuel the expansion of Icelandic financial sector, especially its banks. The nations three banks established branches abroad, mainly in UK and Europe. Business flourished.
During the "unwind of carry trade" in summer last year, Krona experienced a sell off, which was seen, at the time, as temporary. However things got a lot worse earlier this year, during Bear Stern's bailout. ISK's slide continued and was much steeper than any other currency. With financial sector being disproportionately large relative to country's economy, Iceland started to suffer. In fact, authorities launched an investigation into, what was seen as, hedge fund attack.
The nations three banks, Glitnir, Landsbanki and Kaupthing Bank, found it increasingly difficult to refinance debt over last two months as credit crunch shook the world. One by one banks have become insolvent and had to taken over by the Finance Ministry. Krona plummeted and the country became unable to meet banks obligation, leaving behind shocked investors and depositors. That include hundreds of thousands of people who have accounts in Icelandic banks abroad operations.
During the week of October the 10th, as financial markets were in turmoil world wide, ISK came under even more strain. Losses reached 30-40% against major currencies in just few days. The latest publicly available quote was EUR-ISK at 304, which is completely of the chart. By Friday even central banks stopped making market for Krona and trading has stopped. For all practical purposes this leaves Iceland bankrupt as a nation, first sovereign state to fall victim to this crisis.
In perhaps the most telling example of how far the troubles progressed, United Kingdom threatened legal action against Iceland as a country. The aim of such step is to recover money on UK's citizens, which is stranded in failed banks. Great Britain could invoke anti terrorism laws in an effort to regain the funds. Such move would leave the small nation isolated in more than geographical sense.
Thankfully, probability of such drastic, panic driven measures is low. It is expected that the government of Iceland will ask International Monetary Fund for assistance. Organization has the funds to help, especially since, in global terms, the sums involved are manageable. In order to qualify for IMS intervention, country would have to accept some harsh terms and conditions. One of them might be very difficult to come to terms with, the future of Krona.
Some people argue that in order to avoid future problems of this magnitude, Iceland should apply for inclusion into European Union and adopt Euro. Since most of laws and regulations of the island nation are already compatible with EU, this would be a relatively painless process. Another option is to peg Krona to Euro. In that case, Iceland would also hand over control of monetary policy, including the setting of interest rates, to the European Central Bank.
Both of these options will be a tough choice for independent minded Iceland. Both of them would also effectively put an end to a freely floating currency. It seems, as of this writing, that Krona's days are numbered. One less choice for Forex traders, even though little known and understood.
Can anyone please help me with economic forex news announcements? ( real time ) trading news.?
I need real time ( live ) economic forex trading news
Advantages of the Forex Market
By: Heather Redmond
This web page should help you… Plus, you can explore the companies listed on that site.
Good Luck!
anyone know of a good forex broker for news trading?
I’ve been trading the news for about 6 months now. FXDD have stopped filling me on all 3 accounts after making huge profits. I am using one good broker at the moment but not sure if they will fill me for much longer. I am in need of a broker who fill you at news times and doesn’t up the spreads to silly amounts. Any ideas?
Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
Forex News Trading – Are you an Active News Trader who Tracks the Fundamental Release?
Do you recommend this strategy in the Asia-Pacific forex markets — Singapore, HK, Japan, Australia & NZ?
I am extraordinarily talented in stock trading and can mint millions. How I can market my talent efficiently?
I have got extrodinary ability in stock, forex, commodities markets trading(note: only trading not in investing) and I want to sell my talent. How I can sell my extrodinary ablity for extrodinary remuneration. Please DO NOT mention ” Why don’t you trade and make that money” (my small investment wont grew that muchin short span) or try a NEWS LETTER OR APPROACH SOME MUTUAL FUNDS OR APPROACH HIGHNETWORTH INDIVUDUALS ETC., ETC., WHICH I KNOW MYSELF. It took 15 years to attain this talent and can make extrodinary money if backed by RESONABLY BIG fund. I need some creative idea TO SELL MY TALENT and I do not want to go and ask anybody like canvassing in any otherform which is below my dignity for such a great talent. I AM GENIUENLY INTRESTED TO GET SOME WONDERFULLY CREATIVE IDEA (TO MARKET MY TALENT )WHICH WILL BE THE BEST METHOD AND HIGHLY REMUNERATIVE. PLEASE GUIDE ME.
Try to put your ads(selling your talent) at some trader forum..maybe some of them will hire you…look at here carigold.com
How to trade Forex?
,
Merry Christmas
So…I am new at the forex market(for a moment I wrote foreST:))
And obviously I have several questions:
1. What to buy now?
, but is it good to buy NZD against the USD, or against the JPY? I think thats the best deals now.
I see some people who look at the forex too “philosophically”.
As I said I am newbie at this market, so they can be right, but…why someone would ask about the “Eliot theory” to make money in forex when you just can read news and predictions and see the chart???
Thus, my question is not whether Eliot works or not
2. Is it that good???
Ofcourse forex seems very attractive to people because of the very high “leverage”. In fact, I understand the “leverage” to be a credit.
Ok, it’s good when I win but if I lose, am i not loosing the brokers money? I guess then noone looses because when I loose, someone else succeeds…anyway you got it
3. Can you trust Forex.com?
That’s my broker
Thanks and have a grand new year!
Hi,
1. Firstly I would like to tell you that nobody could predict the market. Therefore Elliot waves together with some other technical indicators are very useful when you are making analysys for enter/exit point
2. All currency pairs are good. Some of them have higher volatility and some lower volatility. Usually traders are trading with several currency pairs that they like.
3. As you have noticed leverage could be as profitable as detrimental. For that reason traders use money risk management rules. The main rule is don’t risk more than 2% of your trading funds, which is rule No.1.
4. Rule No.2 – Listen and follow the market. Trend is your friend.
5. Rule No.3 – Don’t listen experts. They are paid for their speech. If their forecasts are so successful why they don’t trade themselves? Trading is much more profitable than salary for making forecasts.
6. Rule No.4 – Never trust “black boxes”. All of them are created by historical data. Their presentations looks very good but market is alive because traders are live personse and nobody could predict next movement of thousands live traders.
7. There are many online forex brokers. I know nothing about forex.com as brokerage company. But I don’t like their trading terminal. I preffer MetaTrader 4.
Trading forex is very exciting and profitable business
Good luck!
I seriously think I can make a fortune in forex trading?
Well i have been learning about stock trading for 6 years and have developed a good system. Forex is a little different. I started last january. i blew up within weeks because i was uing 400:1 leverage. i also wasent cutting my losses. Anyway through some experience i think i have it a ltitle figured out. What i have to do is wait patiently for a trend to form and act on it. I have about 500 in my account right now trading 50:1.. i cut my loses at 20 pips and let my profits run. until there is a reversal. ii incorperate the fibonacci retracement signals amounst a few ocilattors/indicators. I also keep an eye out on the news that would affect a currency pair. I have also read a few forex traders turning a couple grand into 10s of thousands their first year. I honestly believe this can be me.. can any experienced forex trader advise me?
uhh its actually a minus sum gamethe winner does not make all the money with slippage and commissions look up alexander elder.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus. You are being mislead by people who are trying to make Forex appear easy, when it is horrendously hard for people to make money in it in the long run.
You’ve already tried one strategy and you’ve blown up. You will probably find your new strategy blows up eventually too. Forex is a treacherous game.
Forex is similar to what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap,com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
what about forex analysis information?
i want to know how to analyis the information espesialy news about forex trade
Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
Forex Coures in India?
Hi, I would like to know about forex course in India and what are its scope in Maharashtra, Mumbai?
Where can i get detailed information about forex trading in india and all updated news about Forex Market India, Forex rates india, Forex Reserve of India, Bank of India Forex etc
Training Institutes In India
1. Bombay Stock Exchange’s BSE Training Institute, Mumbai
2. The All India Centre for Capital Market Studies, JDB Institute Of Management Studies & Research, Nasik – 422 005
3. The Institute Of Capital Market Development, 1965 Arya Samaj Road, Karol Bagh, Delhi – 5
4. The Institute of Company Secretaries of India, ICSI House, 22, Institutional Area, Lodhi Road, New Delhi – 110 003
5. The Orion Institute of Capital Market, S- 11, Adarshini Plaza, 91, Adchini, Aurobindo Marg, New Delhi
6. The UTI Insitute of capital Market, Plot 82, Sector – 17, Vashi, nave Mumbai – 400 705
How can I trade Forex by using News?
could you describe it in details that how can I trade Forex by using news only?e.g When shall I read news and when shall I execute a trade based on that?
Can someone help me? I need assistance in raising capital to trade forex.?
I would like for someone kind enough to offer me a loan of $600 USD for the duration of One Month, at which time I would pay back with 20% interest. The reason I ask for such an amount is to enable me have a trading capital of my own and also to be able to pay back the loan.
I’ve been trading or sort of testing the market and a news service that is crucial to success in trading the Forex Market. I’m interested in having a standard trading account that will bring in substantial amounts of returns on trades made but my problem is that I do not have any money to do that, and this is why I have come to you
$500 will be used as the start of capital and the other $100 will be used to pay for the subscription of the news service without which I would not even bother to trade forex with a loan.
Please assist me if you can with this request. My intended mode for this little business transaction is through the e-currency; Liberty Reserve.
Please kind people assist me. I’m ready to give details and prove of residence to show that I can be contacted and traced if I do not fulfill my part.
Borrowing money to trade on is a really really BAD idea.
In order to trade news in forex which web sites are the best?
tradethenews.com is the best source for news info and instant news releases.
Paul
Whats the best online forex trading broker in your opinion, and why?
I have an interest in trading forex as I’m quite good at it. I have tried out easy-forex but don’t like their spreads as they are too wide, I have been practicing using FX Club and have made as much as 500%+ return in a month, but I’m not sure. I have even tried practicing spread betting forex and have made as much as 400%+.
I want to know if there is a better forex broker out there that is a good forex broker that lets you take advantage of up to date news, charts and is easy to use, doesn’t have spreads and charges commisions only. Also one thast can be used by a UK resident. All help would be much appreciated thanks.
Dude stay away,
you can lose 80% in one day just as easily.
I trade with news on Forex, and I would like to find traders who also trade with news to share expertise?
I am an active forex trader
I used to trade the news, like non farm payroll – predictable pattern behaviour before the news even – moving averages converge price going in the opposite direction with no momentum….
then suddenly news comes out and BAM price makes 100 pips – been there done that
I have also traded federal funds rates a lot of times – predictable again
I don’t trade the news anymore. I have found an excellent way of day trading and I am making a killing out of it. I use money management skills and I don’t use leverage.
Its based on the cardinal principles of trading, of buying the dips in an uptrend
Is trading on economic news releases with the forex market a good idea?
It works – if you have a system.
Sure it is volatile. But that’s one ingredient you do need in a market if you are trading for quick profits.
One simple technique is to examine the news release predictions, make your own mind up, make a decision of how it will affect the price and just enter the market with a close stop loss.
If you get stopped out when the data is against you, then you live to trade another day. If you don’t, well that means the trade went for you and you made some moolah…
Good Luck!
how to achieve a correct strategy in CFD/Forex?
As a fresh man, CFD or forex looks like the same for me.
I don’t know how to have strategy to open a position, it is not a gamble for sure,
There are some knowledge to help you nearly predict tomorrow, but what are they?
I am told to pay attention to political and Economical news, but how can I learn to analyze news info correctly and dig out the truth of it?
What are the tools and methods to predict CFD fluctuations or forex? Is it all about news about war or oil in middleeast?! Please light my dark mind.
When I listen to news, which elements are vital? Give me some examples?
What kind of news?
Which method to analyze the news?
How about to research about different stocks in CFD? Is it necessary and useful?
There are dozens of names in my instrument table, which ones shall I choose to trade?
Any book? Any online source? Any forume? Any thing I can achieve?
You see I am really confused, can you help me out?
I really appreciate your time and your attention for these many questions
What time can i get fed rates to trade?
I trade the forex market. I have found that trading with fed rates
news is the best way. I watched the fed rate on bloomberg today . At what time is the reports .Month,3months,weeks. Help me
Fed announces their decision at 2:15 P.M. Eastern Time
They are most likely going to keep rates where they are till Feb of NEXT YEAR.
FOMC Meetings up to 2009
Aug 5, 2008
Sep 16, 2008
Oct 29, 2008
Dec 16, 2008
What is a forex expert advisor?
I have seen many ads on the internet that say something like this:
We are offering you, 2 of our best sellers Expert Advisors, select 2 from the next list:
SAFE NEWS EA or
CORRELATION HEDGE EA or
TRADE THE CABLE EA
I want to kow what this is talking about, and what a forex expert advisor is?
Thanks.
First of all Bob needs to get his facts straight. Forex is NOT a futures market. Because it’s highly leveraged like futures doesn’t mean it’s futures. Forex is the currency markets, where you trade a currency pair like the EUR/USD or USD/JPY.
Is it risky? Yes. But so is driving. How many people get killed on American Highways everyday? Does that mean you should not drive? If you drive safely, defensively, and watch your speed, etc., then you greatly increase the chances of getting to your destination safely. Same thing with trading.
It kills me when these people make general comments like that. Everything has an element of risk to it, but it doesn’t mean you shouldn’t do it.
And FX used to be for the big boys only. Prior to the early 90′s if you wanted to trade FX, you needed a net worth of at least $10 million and an account minimum of $1 million. But, today you can open an account with as little as $100. Other things like stocks, options, futures, etc. you need to have at least $5,000 to open an account.
Now to answer your question an Expert Advisor is basically an automated trading robot. It’s just a system that’s automated and will trade your account for you.
Hope this helps.
Anyone sign up for a Forex Demo account, which forced you to sign up for a Meta4 Newsletter?
I signed up for a couple of demo accounts to give this new EA a try. Anyway to sign up for these i had to agree to sign up for a news letter. No problem
later on I get a phone call from a “David Scott” who put me through this “interview” process where he talks to me about my motivation, my goals, financial situation, financial goals, etc. etc.
bottom line is their “company” is “picking a select few” to sign on for this part-time forex training program. i have to give them 10 hrs/week. They preach a 6-12 month at-home training program where I will be assigned to an “expert forex day trader”. The idea is I will learn how to become a day trader and “make 6 figure income part time.” I said I’m interested to hear more and he puts me in touch with a “JP Morgan.” I have to fork over $5k for tuition and another $2k to put into my own live account to trade with.
you can see i’m a little skeptical with all the quotation (“) marks, but that is why i’m here. I figure many of you have signed up for demo accounts. Has anyone signed up for this newsletter? gotten the call? or better yet GONE THROUGH THE PROGRAM?
JP Morgan for one sounded VERY knowledgeable about forex. He was talking about making trades with 3% until my 3% was $1k-$2k trades. I know very little in experience but im well read in forex. If this is a scam then “JP Morgan” is probably using the scam money in the forex market.
no no, the guy’s name is JP Morgan. This has nothing to do with the company JP Morgan.
I’ll try to get a company name out of them.
Wow. This sounds like a scam. These “training programs” generally don’t do anything except stimulate activity and churn through your money. I can’t imagine JP Morgan Chase doing something like this. Maybe the company has somebody who used to work for JP Morgan and is trading on the name.
Email me with the web site and I’ll be happy to look into this for you. I love helping people by deflating scams.
how can one trade the forex market and most importantly trade the news in the forex market?
You have to open a forex acct; FXCM or FXDD or other. Or you can trade the Forex Futures by opening a futures acct.
We used to be able to place a buy stop on the upside, 20 or 30 pips away from the current price before the news, and place a simultaneous sell stop 30 pips on the downside (essentially a straddle on the current price before the news), and just wait for one of the stops to get hit and cancel the other. I lived off of those profits for more than a year. But they put a stop to that about a year ago and started running the stops in both directions just before the news announcement.
Now you have to wait a minute or two and see where the initial thrust pauses. On the reversal, if there is one, a 50% retracement is a trade signal, and a move beyond the initial thrust is a trade signal. You may want to give the GBP 60% retracement.
So it can still be done, but there’s no way to take advantage of the initial thrust from the news w/o guessing beforehand.
In order to play it safe, you have to wait about 5 min for the dust to settle after the news, and just jump on the new trend.
I need to translate this to german?
Forex Trading Brokers, Fund Managers, Forex Trading platforms, articles and a FX trading community
Read the latest analysis written by industry professionals. In this section you’ll find fundamental analysis, technical analysis as well as general market overview.
Forex Broker | Forex Brokers | Currency Trading Brokers
In this section you’ll be able to find all the latest promotions, press releases and interviews from all the leading forex brokers.
In this section you’ll be able to find all the latest financial news, top stories, currency news, and more news on topics like commodities, equties, interest rates and economic indicators.
Forex Handelsmakler, Kapital Manager, Forex Handels-Plattformen, Artikel und eine FX Handelsgemeinschaft.
Lesen sie die letzten, von Industrieprofis erstellten Analysen. In diesem Abschnitt werden sie fundamentale Analysen, technische Analysen als auch eine allgemeine Marktübersicht finden.
Forex Makler/Forex Makler/Makler für den Waehrungshandel
In diesem Abschnitt wird es ihnen möglich sein, alle letzten Promotionen, Presseaussendungen und Interviews aller führender Forex Makler zu finden.
In diesem Abschnitt wird es ihnen möglich sein, alle letzten Finanznachrichten, Topstories, Waehrungsnachrichten und einige Nachrichten über Themen wie Handelswaren, Stammaktien, Zinssaetze und Wirtschaftsindikatoren finden.
How to trade forex on news release?
Hi to all experience forex traders…need your valuable advice on how to trade on fundamentals..especially on news and data releases.
Thanks.
What you’re looking at is akin to the gap opening in the stock market, or a news release on a stock. The whole world awaits these economic releases, and then it takes off.
Essentially, you’ve gots tens of thousands of people doing the same thing. For the novice, trading the actual release is a good way to get clobbered. But after about 5 minutes, it settles down to just regular trading. If it retraces more than half of the initial spike, you probably don’t want to mess with it. If it makes a new high or low, depending on the direction of the spike, go with it.
The problem with putting a Stop Entry Order in ahead of the release is that they will run those stops, no matter which direction it finally settles into. So you have to put your stops out there 40 or 50 pips to stay out of the way of the intial false surge. So you might as well wait and let the surges take their course, then jump in for the follow-thru.
When trading the Forex market, where can I listen in on to live FOMC meetings online?
When trading the Forex market, where can I listen in on to, or watch, live FOMC meetings online instead of waiting on a text news provider?
Several questions about forex?
Hello everyone,
I want to start trading forex and I am still hesitating about a lot of things.
First, most people say they have bad experiece trading forex.
I know that even Warren Buffet (I don’t know how to spell it exactly:)) said that: “In stocks you could predict the price of a stock, but how can you predict the price of currency”)-
That in fact sounds very reasonable since we all know that in shares it’s enough to read a news that some company has planned to invest some money in Rolls Royce…to say…and then you buy shares from Rolls Royce…But wherefrom you can guess that USD will not find a way up again?
Some people say that the forex brokers have very high commisions and thus you can never win? Is it me or this sounds very stupid?
How about you? What was the amount of money you started and how much you have earned?
Thanks alot!!!
Warren Buffett may not play the FOREX market but he did convert a lot of his money to Euros to hedge against the falling US dollar. The only difference is that most forex trading is done on margin. He just converted his money, he didn’t leverage it as far as I know. He also bought a lot of silver a few years ago to hedge against the falling dollar. So he obviously found it easy to predict the price of the US $.
Most people that trade forex are introduced and “taught” by the brokerage firms that want them to execute as many trades as possible. Common brokerage fee in the industry is 3 pips which equates to approximately $30 USD for a $1,000 trade at a 1:100 leverage (example using EUR/USD). This is about 3%. Many traders do swing trading or interday trading. They may do several trades a day. Even doing two trades a week can hurt. 2 trades a week x 52 weeks = 104 trades a year. 3% x 104 trades = 312%. Hard to make any money when doing a lot of trading!
So why would anyone make several trades a week? Why not determine where the price of a currency pair is heading over the next 3+ months (based on whether interest rates will rise or fall according to the comments by respective banks). Have plenty of money to back up your highly leveraged account. Also, not leveraging your account as much makes it easier to absorb any negative price action. But sooooo many people start off by being told to enter and exit trades quickly so they make as many trades as possible. I believe you should invest for the long term and have enough money to support the fallbacks that will inevitably occur. A long term strategy in forex can work. But you must have enough money so you do not get called out of the trade (margin call). Forex is extremely risky. I wouldn’t bet the farm on it. You can still make a ton of money by investing in stocks, if you find the right stocks. You don’t need to go into forex to make money. Forex is like investing in real estate except the market value of the property can go up or down very quickly and the bank will instantly foreclose. At least in real estate they don’t instantly foreclose the second the house has depreciated a little due to a down turn. In the end, it’s all about the leverage. Due to the extremely high leverage allowed in forex trading there is an opportunity to lose or make money very quickly. Most fail from what I have heard.
You could also find a forex broker that is a public company (I never actually looked to see if any are!) and just buy the stock… that way you can make your 3% of other people’s money on each of their trades.
FOREX: is trading forex on news releases a viable way to trade forex and what would anyone service would you r
which service would you reccommend , is there any good free site that publishes news releases
In Stock or Forex trading, what does “hawkish” means?
I am reading for forex news release predictions and waiting for Bank of England Meeting Minutes. I am told to buy if the announcement is “hawkish”.
Hawkish (Hawk) means preferring higher or raising interest rates to fight inflation and its effects on the economy. The opposite is Doveish (Dove) is someone that prefers lower or lowering interest rates in the belief that inflation and its effects will have minimum impact on the economy.
If they say a Hawkish statement is believed to be coming out, it means the Central Bank is going to take a stance of fighting inflation and thus will be raising interest rates.
Hello. Would You please help me? I really need some help on finding good stock charts, and certain news.?
I was trying to find Stock Charts. But, I have no progress. I am really asking You to help me, please, if You can. I also really would need the help of finding good certain news for stocks…so I can know where the stock will explode before the news. I have traded Forex, and nothing is working. My friend told me to try Stocks, and I really want to try them. So, I would really, really appreciate it if someone would please help me find good stock charts, and tell me where I can get News for stocks..Thank You….
Best Regards,
Dan.
Wall Street Journal online (wsj.com) has a free market data center. Finance.yahoo.com is good too. The best is Bloomberg.com. They are the leader in financial data, if can afford them.. Standard and Poors is also a good source.
The bad news is that the market is very efficient and news is rapidly assimilated into the stock prices so the chance that you will find something out in time to make a profit from it is slim to none, unless you are using inside information which is very illegal. Google the “efficient market hypothesis”.
Forex is not for ameteurs, nor is any type of investing. If you know that the equity market is suitable for you try and start out with index-linked ETFs or an s&p500 linked mutual fund.
which events should intraday forex traders look out for?
besides the non-farm payroll and FOMC announcements…. which are the other events that will affect the financial markets most (in order of strength maybe)?
i’m looking at this from a forex trader’s (ie. intraday) point of view, and would like to identify events where a trader would be better off not trading. no news-trading for me, thanks :O)
What is the best FREE news feed to use on my PC for Forex trading?
Are there services that can trade forex on my behalf and I wll be receiving a certain percentage wkly/mnthly?
I love forex but don’t have the time for reading charts or news trading. If you can recommend reliable forex services where I can invest for a certain % returns, I wld be glad.
There are many services out there that will take your money to trade Forex and give you a percentage return. However most of them are scams that will take your money and run. I know of no reliable company that will invest Forex for you.
Latest forex news and tips?
I am trying to get into the forex market, I would like too know the best site for news and tips.
I am going to be trading GBP.USD.
Jonoeckley,
I think you have chosen the perfect pair to get started trading in the Forex market. The GBP/USD is more consistent and predictable than many of the other pairs. With the right strategy, knowledge, money management, and attitude you should be fine. It is true that Forex is not for the faint of heart but you CAN be successful trading Forex.
As for good sites for tips, news, analysis:
I use bloomberg for my economic news. Keep in mind – I trade a longer term strategy that is not significantly affected by intraday news releases so Bloomberg works for me. If you plan to scalp you will need a source to give up to the second news as well as an “economic calendar”. I recommend forexfactory but there are plenty of others. Just google forex economic calendar.
As for analysis, I like fxstreet. It is free and has decent content. However, what you will quickly learn is to not give into the hype. You will find that one analyst will say one thing and another will entirely contradict the first. Read with an open mind and then use your own knowledge to choose how you react.
And for where to find good tips…that is a hard one. Most tips are trading system specific and may not be right for you. However, probably the best way to get trading tips is by joining a free Forex traders forum. I like forexfactory, fxfisherman, or babypip’s forum. Just google any of those three.
Good luck! Don’t let the naysayers get you down. Forex is not easy and many DO lose their money. But it sounds like you are taking the proper time to learn and become a successful trader.
FOREX: Can somebody give some names of a few good sites that can give me forex-related news releases?…?
… Actually, does anybody outthere trade strictly around news releases, and if so, how is it working for you? How many pips do you make/ lose on average, and how long do you usually hold trades for? For people out there who trade with technical indicators, which ones work best for you? do you have any advice for somebody who is still in the learning stages?
Personally, I try to trade around whatever trends I can notice (“the trend is your friend” rule), does anyone have any trend-based startergies they’d like to share with me?
Good luck traders!
Forex psychology?
It is possible to trade forex based on news and indicator? I want to trade forex by the information by news of either buy or sell, and then I analyze by using 9 indicator. If 5 signal sell, 4 signal buy I would buy. Can I make profit, regardless high and low?
Sorry, it is I will sell if the 5 indicators signal sell, 4 signal buy, not buy as I had mistakenly written above.
Anyone ever use fxpipcapital (www.fxpipcapital.com)?
I have been looking for a Forex Signal Service since the days of news trading are virtually over. I was wondering if anyone has been a member of FX Pip Capital and if so are their results accurate as they look fantastic. Just looking for some advice before I spend the money. Any help is appreciated. Thanks!
I actually think I was one of their first subscribers. They are a great company and I would be lost without them. Mike has been very helpful and always answered my emails instantly. I missed probably the first three weeks of this year but since the pips are reported exactly. I have not used the live trade room yet, so can’t testify to it. I think they are hands down the best forex or forex signal service out since the old news trading days. I don’t have a lot of time to trade and the Quant Signals allow me to still be very profitable.
Good Luck
Is OZFX Forex Signals a SCAM?
I was interested in subscribing too ozfx forex system . but after doing a deep search im starting to see that a lot of people have lost there money following this guy and its seems like he knows nothing about trading and his results report is flawed and not accurate if you have any reviews about this OxFx.com.au web site please post any information you have about it here! i spoke to felix at forex pec army he told me it was nothing but bad news ! but i want a second opinion
Where can I get reliable news as fundamental analysis for Forex trading?
For up to date results and upcoming events in the forex market take a look at the calendar at http://www.forexlane.com. They have up to the minute news and commentary on expected news releases. The outlook will give you a detailed view of all the upcoming economic releases and how they are expected to affect the forex market.
Why more Forex reserve leads to more recession and then depression.?
As per the news published in the media, India, China and some other countries are trying to grapple with money flooding the economy from a record trade surplus, and swelling of foreign exchange reserves of the country. Why do the Central Banks of such countries have to make special efforts to check the flooding of money and foreign exchange in economy whereas for an ordinary man more money means richness and prosperity ?
Probably something to do with too much money in circulation pushes up spending power, artificially increasing prices and therefore raises inflation. This means prices of everyday goods go up and out of reach of the common person. Or in other words, the plebicite that power the economy. If they can’t afford goods on a base level, they stop buying. So the whole economy will slow or even crash. Or the people revolt, whichever comes first.
FOREX TRADERS..WHAT A DAY!?
Any Forex Traders out there make a killing today!! Unfortunatly I only traded the EURO/USD with 2 lots in a long position at 1.3195. I tried to get in at 1.3125 but you know how it goes when you trade the news! lol. What a day, I will take a 300 pip move in a matter of seconds any day!! To the newbies 300 pips =$3K times 2 lots = 6K. I was reading on dailyfx.com, where this was the biggest move and fastest move since 1999.
Amazing indeed, if you were in ahead of the move. This is why we trade Forex. Anyone who was in the wrong direction, with no stop, on a bathroom break, might have lost their account.
Is the best way to trade currencies by following the news of a countries economic data?
I’m trying to learn all I can about forex trading and need to ask if this question is one of the keys to success in the FX trading markets?
Forex info & forecast! help!?
I started trading forecast about 2-3 weeks ago.
I have been doing good so far, I picked up on it naturally & have made about +300 pips.
I have been scalping/day trading for the most part, staring at the screen & making those decisions.
My question{s} is this:
I want to learn how to use all the tools/graphs, any recommended courses/sites/etc?
& I have picked up on playing off of forecast, what are some recommended forecast sites/people?
& What are the best sites/news for latest updates & forex news, etc.?
Thanks
Use Technical Analysis in your forex trading decision.
With candlestick charting techniques, early signal of trend reversal is clearly revealed which you will not find it in traditional bar charting techniques.
70 Japanese candlestick charting patterns are featured in this website that provides a better understanding of each individual candlestick patterns with detailed explanation.
best broker for scalpling?
in forex trading or tading news
Scalping is a specialized methodology that requires something more than just low fees. It’s going to require some heavy research to know in advance, or trial and error to find out for sure.
“Best” and “cheap” usually don’t go together. Anyone that recommends “cheapest” doesn’t have a clue.
I’m a momentum trader, and I also trade the news and high volatility moves. I had one broker that would only take a market order when it benefited him; wouldn’t take it on a running market where it would benefit me. This told me that the broker was trading against me. I also found my stops got hit a lot before reversing direction. There are a lot of problems with cheap, unregulated, forex brokers too lengthy to mention.
You can do away with all of the unregulated hocus-pocus garbage and just trade forex futures instead. I get better fills, my stops are more stable, and commissions are a flat rate of 1 tick. You won’t find a forex broker less than 2 or three pips, then when volatility kicks in, they widen the spread. At the moment of a report, you may see the spread widen 20 pips. Whoa! Time to find a new broker, or just trade the futes.
Where to get immediate forex news?
Hi there I am wondering if where to get forex news immediately. I currently use Forex Factory calendar to get updated and trade the news asap. But most of the time, the news shared is not fast enough
I really appreciate the work done by Forex Factory but I wish to ask if someone knows which is fastest to get forex news. Please give suggestions of either free or paid services. I am just interested to know.
Thank you
I think Bloomberg and roiters provide the best services right now.
If you want unpaid services I think the best way is to open an account with forex.com and use their trends.
I think the minimum amount needed is 50 S and you do not have an obligation to trade.
I will post quotes on my website http://www.freenotpaid.com in a couple of days. For now i have just online movies.
I want to get daily news for GBP/USD.?
I want to get daily news for GBP/USD for trading in FOREX.
Will you please let me know that which type of news affect GBP/USD..?
And How can i get these type of news(Source of news) for GBP/USD ..?
My Phone no is – 9726352700.
Thank You Very Much..
news that affects forex trading?
such as the unemployment data for the us on friday which caused the dollar ot spike up as much as 2 percent in a matter of hours, what other important news dates hugely affect the forex market? (unemployment, interest rates etc)
What are the best Forex brokers for trade the news ?
I’ve opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.
So, what are the best forex brokers for trading the news ?
Thank you !
For accurate and reliable market tips and daily updates Finexo is the best. Many of my friends suggested me this when i was a newbie in Forex trading. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment.
Many other qualities like user friendly platform, easy forex glossary, well managed accounts, charts and economic calender have made Finexo unique.
what is the most important economic websites for stock & forex trading?
The websites that their news affects on prices in stocks and forex.
name 2 or 3.
How do you trade and what do you trade?
OK, please say at least your prefered method…:
For example:
1. Do you use some technical analysis models, such as moving average…etc?
2. Fundamental analysis such as reading the news 24/7?
3. Software like neural networks?
4. Mathematical models such as Heston, CAPM etc…
Also, what do you trade and why? For example: forex, stocks, cfd, indexes?
Thanks alot!
I NORMALLY USE EITHER A CRYSTAL BALL OR THE DICE an my track record is pretty good ha lol just joking i use technical analysis such has ratios balance sheets, cash flow statements an i look around and see if this companys are building new stores factories in this time of recession such has lowes, home depo, banck of america you get the point technical analisys works great when your looking at the past but it won’t show you the future
Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks?
Okay, so, currently I’m 18 and I’ve looked into different possibilities of how I could become a millionaire using the forex market as my vehicle. I have discovered that using 1:100 leverage or even 1:50 – 1:25 is a bad idea if you want to be safe about it, and using a more modest 1:10 leverage instead is best for my chances of success.
What I’ve also discovered is that the forex markets trends last months or even years. So, my plan is as follows:
1) Start with $1,000 in my new forex trading account.
2) Use 1:10 leverage always to reduce a lot of risk.
3) Use a stop-loss of all my trading capital in every trade.
4) Keep the minimum take-profits as long as its more than what my commissions would be.
5) Just follow monthly chart trends, i.e. if the trends gone up for the past year on a yearly chart, and it shows it in a monthly chart that its going up as well, just follow the trend up along with it and keep on going up until I think its going to stop going up by taking advatage of lots of small take profits along the way.
6) Be aware of economic news and reports.
Example:
Say the GBP/USD is trading at £1.0000-$1.5000, and I place a bet to buy GBP/USD at this price at a 1:10 leverage, or $15,000 worth of pounds, (£’s) and I set a take-profit of, say, $15 or 10 pips and a stop-loss of my whole $1,000 and and keep on doing this, taking profits by trend trading and make this same $15/day for the 6 days the FX market is open a week, or $90/week x 52 weeks = $4,680 in 1 year + my original $1,000 = a 568% return for one year.
After I have achieved my 568% for 1 year, reinvest all capital and get another 568% compounded on top of that. So, it works as follows:
year 1) $1,000 up 568% = $5,680
year 2) $5,680 up 568% = $32,262.40
year 3) $32,262.40 up 568% = $183,250.43
year 4) $183,250.43 up 568% = $1,040,862.40 = USD millionaire
year 5) $1,040,862.40 up 568% = $5,912,098.74 = USD multimillionaire and GBP multimillionaire, or £3,829,025.15.
What do you say here like? Could this plan work do you think?
You’re catching a falling knife. Just buy some gold and let it set for 5 years. That or short some bonds because interest rates are going up.
Don’t screw around in currencies… you’ll lose your ass.
For the advanced Forex trader: is there a program to position against you.?
There was a time when I used to pay careful attention to news trading , price action, patterns in forex.I made some money and lost more.
Now I am trying to catch up on Fx again and it seems that these days , there is SOMETHING THATS ALWAYS BOTHERED ME – DO BROKERS ALWAYS GAME CLIENTS by virtue of some program that takes an opposite position to what you have taken ? Is this ingrained or this is just another myth ? What seems your exp. in this regard ?
I mean … you can do any zig zag activity on the 1-5 min chart and yet not get noticed in the 1/2 , 1 hr chart …..unless someone pays real close attention as to how the 1/2 ,1+ hrs charts are formed off the 1-5 mins and makes one himself. Does this kind of manipulation ever happen ..? or its just imagination ?
thanks for the clarification..well then who is really a straight through non dealing desk broker.
Everyone claims to be one non dealing desk broker.!!! ..any real ones
You could encounter this type of issue with Dealing Desk brokers, who have been known to do such things as “stop hunt” against your position.
To avoid such issues, go with a Straight-Through-Processing (STP) or Electronic Communication Network (ECN) broker, who do not act as market makers but rather route your order straight to the Interbank network.
“Forex Trading Forex”?
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He is arguably one of the best traders on the planet and you may have already heard of Bob Iaccino, as the financial media networks are always asking his opinions and analysis of the markets.
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