factor of forexxs

Forex for Dummies
Forex for DummiesForex BasicsIf you've already read the "What is Forex?" section then you should know what Forex market is and what it is all about. If not, please, do it. There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:Forex Fundamental Analysis Forex Technical Analysis Money Management Forex Trading Psychology Forex Brokerage Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.Forex Fundamental AnalysisFundamental analysis is the process of market analysis which is done regarding only "real" events and macroeconomic data which is related to the traded currencies. Fundamental analysis is used not only in Forex but can be a part of any financial planning or forecasting. Concepts that are part of Forex fundamental analysis: overnight interest rates, central banks meetings and decisions, any macroeconomic news, global industrial, economical, political and weather news. Fundamental analysis is the most natural way of making Forex market forecasts. In theory, it alone should work perfectly, but in practice it is often used in pair with technical analysis. Recommended e-books on Forex fundamental analysis:Reminiscences of a Stock Operator What Moves the Currency Market?Forex Technical AnalysisTechnical analysis is the process of market analysis that relies only on market data numbers - quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical analysis is believed to be self-sufficient and you can use only it to successfully trade Forex. In practice, both analysis methods are used. Recommended e-books on Forex fundamental analysis are:The Law Of Charts Candlesticks For Support And Resistance Trend DeterminationMoney Management in ForexEven if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won't make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management play very important role in getting profits out of Forex; do not underestimate it. To get more information on money management you can read these books:Risk Control and Money Management Money Management (A chapter from The Mathematics of Gambling)Forex Trading PsychologyWhile learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex traders, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often a balancing between greed and cautiousness. Almost any known psychology practices and techniques can work for Forex traders to help them keep to their trading strategies rather to their spontaneous emotions. Problems you'll have to deal while being a professional Forex trader:Your greed Overtrading Lack of discipline Lack of confidence Blind following others' forecasts These are very professional books on psychology written specially for financial traders:Calming The Mind So That Body Can Perform Emotion Free Trading The Miracle of DisciplineForex BrokerageEvery Forex trader like any other professional needs tools to trade. One of these tools, which is vital to be in market, is a Forex broker and specifically for Internet - on-line Forex broker - a company which will provide real-time market information to trader and bring his orders to Forex market. While choosing a right Forex broker things to look for are the following:Being a professional company you can trust Provide you with real-time quotes Execute your orders fast and accurately Don't take a lot of commissions Support the withdraw/deposit methods that you can use For beginning Forex traders I recommend these four brokerage companies that are probably the best Forex brokers to start with:FXOpen — one of the most popular and progressive brokers with MetaTrader platform and comfortable trading conditions for all kind of traders. InstaForex — a reputable MetaTrader 4 brokers, allows Islamic Forex trading accounts, while you can deposit and withdraw money via WebMoney. FXcast — good because you can start trading Forex with as little as 10$, use MetaTrader 4 platform and the dozoen of various deposit and withdraw methods, including WebMoney, e-Bullion and wire transfer. LiteForex — broker that supports MetaTrader 4 Forex trading platform and doesn't require a lot of money to start with.

Australia, New Zealand to Lower Rates
I won't lie; the Forex Blog is admittedly Dollar-centric, in that developments in forex markets are usually assessed relative to their projected impact on the US Dollar. Sometimes, we forget that their are other currency pairs that move irrespective of the Dollar. Take the Australian Dollar and New Zealand Kiwi, for example. As both currencies are backed by high interest rates, they have benefited equally from the carry trade and as a result, they behave quite similarly. Combined with the fact that they are practically neighbors, it's easy to forget that there are unique circumstances that weigh separately on them.Over the next 12 months, both countries' Central Banks are expected to significantly lower their benchmark interest rates as a result of slowing economic growth. However, as New Zealand does not have a large stock of natural resources to depend on in times of economic turmoil, it is projected to lower rates quite sharply, compared to Australia. Accordingly, the Australian Dollar may represent a buying opportunity against the Kiwi in the near-term. Bloomberg News reports:New Zealand's dollar is likely to fall 8.7 percent to NZ$1.33 versus Australia's by year-end as the nation's economic slowdown accelerates, boosting prospects the RBNZ will lower borrowing costs...according to RBC Capital Markets.

created this page to share my story of how I lost my house, had to file for bankruptcy, and almost lost my entire life savings before I was able to turn it all around. I had so many of my friends and friends of friends asking me how on earth I was able to pull out of such a horrible situation, and then end up retired only 6 months later.I Made 6k On My FIRST Try...It all started back when I was a trader in the days when the market was at its best. (Up to Sept 11th.) I had sold my business and every one I knew was making a ton of money in the stock market. So I put my life savings into the market and turned 200k into about 10k in 6 short months. I lost my house and had to declare bankruptcy. I had always worked for myself before this, but now I had to get a job just to pay the bills. Luckily my wife stuck with me through all of this.After that I had found a decent job in the Denver area, and lived in a fairly nice part of town. I never really got used to having to work for someone else, but in the position I was in I felt like I had no option. I had virtually no money left for my retirement, and it was beginning to dawn on me that I very well might end up working for the rest of my life.Thats when I stumbled across an ad online for a program called Forex Secrets. The program seemed like everything I wish I had years ago, but I was still very skeptical of course. I have paid over 5k for a weekend course before that I took while I was going broke. But I ordered it anyway just to take a look, although I honestly expected to be shipping it back in a week or two.Right off the bat I loved how the system was not just trying to tell me what to trade and when to get in and get out. No, instead it taught me how to actually read the markets, and what to do in various demanding situations. It reminds me of a saying by Tony Robbins, ”John the baker took 20 years to perfect his chocolate cake recipe. But how long will it take you to learn to make the cake if John is willing to teach you?” This system has turned out to be my “John the baker”.I am happy to say that 6 months after beginning Forex Secrets, I left my job and am devoting myself to trading in the Forex as my “full-time” job. Since leaving work in January, I have consistently made more money trading than I would have made working for someone else.I’m excited to report that I am having a very good week this week. Currently I am monitoring and managing some trades that I have had on for 9 days now, and will make a profit of $702,102.00 from these trades alone.This program has totally given me my freedom back, and allowed me to retire just when I thought id be working for the rest of my life. That is why I have written this page. I am deeply indebted to Forex Secrets and I really appreciate the level completeness and quality of the program. You can get more information about the Forex Secrets at

FOREX RATES
Remittance Buying Selling ChangeUS Dollar TT 72.1 72.5 0US Dollar DD 72.1 72.5 0Currency NotesCanadian Dollar 69.7 70.1 0Euro 112.6 113.6 0Saudi Riyal 19.12 19.22 0U.A.E Dirham 19.55 19.65 0UK Pound Sterling 142.6 143.6 0US Dollar 72.1 72.4 0Forex MarketFor an introduction to the foreign exchange market and online currency trading, see the forex market snapshot. For the basic concepts and terminology used in forex trading, see forex basics , or for a selection of informative

Introduction to Fibonacci trading techniques.

There are several Fib levels.
It takes some skill to determine which Fib level is likely to cause the market to turn.
There are some techniques to help you determine where a market is more likely to turn.
Do not blindly anticipate a market turn at a Fib level.

More Fibonacci examples.

QQQ Weekly chart with a deep retracement to .618 and a weak attempt to rally after that. However, consider the daily chart and intraday traders. they would have enjoyed the rally from $75 to $100, after going long from a support level that could have been predicted in March!

Forex chart
Forex Trading
Foreign Currency Exchange (Forex) Trading allows an investor to participate in profitable fluctuations of world currencies. Forex trading works by selecting pairs of currencies and then measuring profit or loss by the fluctuations of one one currency's market activity compared to the other. For example, fluctuations in the value of the $ U.S. Dollar are measured against another world currency such as the £ British Pound, € Eurodollar, ¥ Japanese Yen etc. Being able to discern price trends in market activity is the essence of all profitable trading and this is what makes foreign currencies so exciting, currencies are the world's 'best trending' market. This gives Forex investors a profit making edge that is unavailable in most other markets.Forex Trading is being called 'today's exciting new investment opportunity for the savvy investor'. The reason is that the Forex Trading Market only began to emerge in 1978, when worldwide currencies were allowed to 'float' according to supply and demand, 7 years after the Gold Standard was abandoned. Up until 1995 Forex Trading was only available to banks and large multinational corporations but today, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market's growth has been unprecedented, explosive, and continues to be unequaled by any other trading market.Unlike traditional trading which brings buyers and sellers together in a central location (trading floors) in Forex Trading there is no need for a centralized location. Forex is a market where worldwide traders conduct business by high-speed Internet connections with the Interbank Foreign Currency Exchange via Forex Clearinghouses (also called Forex Brokerage Firms). Forex has not only become the fastest growing trading market, but also the most profitable trading marketplace in the world.Simply stated, Forex is the most profitable because it is the world's largest marketplace. The Foreign Currency market as a whole accounts for over 1.2 trillion dollars of trading per day (as determined by the fourth Central Bank Survey of Foreign Exchange and Derivatives Market Activity, 1998. This figure is understood to be significantly higher today). To put this into perspective, on any given day the Foreign Currency Exchange Market activity is vastly greater than the Stock Market. It is 75 times greater than the New York Stock Exchange where the average total daily value (using 1998 figures) of both foreign and domestic stocks is $16 billion, and much greater than the daily activity on the London Stock Exchange, with $11 billion.Furthermore, in addition to being the world's largest and most profitable market, The Foreign Currency Exchange Market is the world's most powerful and persistent trading market regardless of negative economic indicators. This is because currencies 'trend' better than every other market due to their macro-economic nature. Unlike many commodities whose supply and demand fundamentals can literally change overnight (as we found in the sudden dot com 'market adjustment' and even more abruptly on September 11, 2001), currency fundamentals are much less random, and far more predictable. This is well illustrated in the way interest rates are changed gradually and only in small increments.Other examples of fundamental predictability are illustrated by the following statistics. Of the $1.2 trillion day trading in Foreign Currency Exchange, 83% of spot foreign exchange activity and 95% of swap activity involves US Dollars. The Euro is the second most active currency at 37%. The Japanese Yen (24%) and the British Pound Sterling (10%) are ranked third and fourth. The Swiss Franc is 7%, and the Canadian and Australian Dollars account for 3%.Spot Forex is the type of forex trade in which self-traders concentrate most of their investment activity for reasons that are self-explanatory. By definition, a Spot Forex transaction is a currency trade transaction that has a settlement (liquidation) within a maximum of 2 working days following the closing of the trade. Therefore Spot Forex allows the self-trader high liquidity. Another popular feature for well-advised Spot Forex self-traders is the strong profit potential from continual market fluctuations by buying a specific currency when it is weaker and selling it when it is stronger, and the continual pairing of strong currencies against weak ones. This potential for profit or loss is amplified by the effect of leverage. Leverage is a term that describes what can be achieved when a smaller amount of money controls a much larger amount of money. With regards to Forex Trading for example, a leverage-factor of 100 can allow the trader to hold a 100,000 US Dollar position with a modest 1,000 US Dollar margin deposit. Online Forex day trading focuses its investment activity largely on Spot Forex because of the 'risk manageability' of in-and-out trading plus the potential to generate excellent and highly liquid profits."Few financial industries generate as much excitement and profit as currency exchange. Traders around the world enter trades for weeks, days or split seconds, generating explosive moves or steady flows, and money changes hands quickly at a staggering daily average of a trillion US dollars. Forex profitability is legendary. George Soros of Quantum Fund realized a profit in excess of 1 billion dollars for a couple of days work in September 1992. Hans Hufschmid of Soloman Brothers, Inc. netted $28 million for 1993. Even by Wall Street standards, these numbers are heartstoppers".*

Find the latest in the world of Foreign Exchange Markets both at TMB, Nationally and Internationally. Get the latest upto date news / report about the forex related information from us. Learn about the interest rate movements as and when they happen right here right now. This can be your one stop forex news point for the latest and upto date news about forex markets.


Forex Trading rules for Beginner, Things to take note before you get your hand wet.