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Search results “Forex trading by banks” for the 2008
82. How Central Banks Move the Forex Market
 
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Practice trading with a free demo account: http://bit.ly/IT-forex-demo3 A lesson on how the central banks of the world participate in the foreign exchange market and move the forex market up and down for their economic benefit.
Views: 44719 InformedTrades
83. How Banks, Hedge Funds, and Corporations Move Currencies
 
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Practice trading with a free demo trading account: http://bit.ly/IT-forex-demo3 View full lesson: http://www.informedtrades.com/21041-forex-market-participants.html Behind central banks in terms of size and ability to move the foreign exchange market are the banks which we learned about in our previous lessons which make up the Interbank market. It is important to understand here that in addition to executing trades on behalf of their clients, the bank's traders often times try to earn additional profits by taking speculative positions in the market as well. While most of the other players we are going to discuss in this lesson do not have the size and clout to move the market in their favor, many of these bank traders are an exception to this rule and can leverage their huge buying power and inside knowledge of client order flow to move the market in their favor. This is why you hear about quick market jumps in the foreign exchange market being attributed to the clearing out the stops in the market or protecting an option level, things which we will learn more about in later lessons. The next level of participants is the large hedge funds who trade in the foreign exchange market for speculative purposes to try and generate alpha, or a return for their investors that is over and above the average market return. Most forex hedge funds are trend following, meaning they tend to build into longer term positions over time to try and profit from a longer term uptrend or downtrend in the market. These funds are one of the reasons that currencies often times develop nice longer term trends, something that can be of benefit to the individual position trader. Although not the typical way that Hedge funds profit from the market, probably the most famous example of a hedge fund trading foreign exchange is the example of George Soros' Quantum fund who made a very large amount of money betting against the Bank of England. In short, the Bank of England had tried to fix the exchange rate of the British Pound at a particular level buy buying British Pounds, even though market forces were trying to push the value of the Pound Down. Soros felt that this was a losing battle and essentially bet the entire value of his $1 Billion hedge fund that the value of the pound would decrease. The market forces which were already at play, combined with Soro's huge position against the Bank of England, caused so much selling pressure on the pound that the Bank of England had to give up trying to prop up the currency and it preceded to fall over 5% in one day. This is a gigantic move for a major currency, and a move which netted Soros' Quantum Fund over $1 Billion in profits in one day. Next in line are multinational corporations who are forced to be participants in the forex market because of their overseas earnings which are often converted back into US Dollars or other currencies depending on where the company is headquartered. As the value of the currency in which the overseas revenue was earned can rise or fall before that conversion, the company is exposed to potential losses and/or gains in revenue which have nothing to do with their business. To remove this exchange rate uncertainty many multinational corporations will hedge this risk by taking positions in the forex market which negate any exchange rate fluctuation on their overseas revenues. Secondly these corporations also buy other corporations overseas, something which is known as cross boarder mergers and acquisitions. As the transaction for the company being bought or sold is done in that company's home country and currency, this can drive the value of a currency up as demand is created for the currency to buy the company or down as supply is created when the company is sold. Lastly are individuals such as you and I who participate in the forex market in three main areas. 1. As Investors Seeking Yield: Although not very popular in the United States, overseas and particularly in Japan where interest rates have been close to zero for many years, individuals will buy the currencies or other assets of a country with a higher interest rate in order to earn a higher rate of return on their money. This is also referred to as a carry trade, something that we will learn more about in later lessons. 2. As Travelers: Obviously when traveling to a country which has a different currency individual travelers must exchange their home currency for the currency of the country where they are traveling. 3. Individual speculators who actively trade currencies trying to profit from the fluctuation of one currency against another. This is as we discussed in our last lesson a relatively new phenomenon but most likely the reason why you are watching this video and therefore a growing one.
Views: 35105 InformedTrades
Forex Bank Flow Trading
 
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Bank Flow trading strategy results, in the new live trading room. Dustin Pass discusses the "reality" of this type of trading and traders share their results.
Views: 4294 Market Traders Daily
How do central banks affect the forex? - Part one
 
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How the Fed and other central banks affect currency values is an unknown to many forex traders. This is an important topic and is not as mysterious as many traders think. 100% free forex education available from http://www.pfxglobal.com.
Views: 5513 profitingwithforex
80. Who Really Controls the Forex Market?
 
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View the entire lesson: http://www.informedtrades.com/20991-who-really-controls-forex-market.html Register for a free forex demo trading account: http://bit.ly/IT-forex-demo3 As we discussed in our last lesson the forex market is an over the counter market meaning that there is no centralized exchange where all trades are made. Because of this, the price that someone receives when trading forex has traditionally differed depending on the size of the transaction and the sophistication of the person or entity that is making that transaction. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX. These institutions make up over 75% of the over $3 Trillion dollars in FX Traded on any given day. There are two primary factors which separate institutions with direct interbank access from everyone else which are: 1. Access to the tightest prices. We will learn more about transaction costs in later lessons however for now simply understand that for every 1 Million in currency traded those who have direct access to the Interbank market save approximately $100 per trade or more over the next level of participants. 2. Access to the best liquidity. As with any other market there is a certain amount of liquidity or amount that can be traded at any one price. If more than what is available at the current price is traded, then the price adjusts until additional liquidity enters the market. As the forex market is over the counter, liquidity is spread out among different providers, with the banks comprising the interbank market having access to the greatest amount of liquidity and then declining levels of liquidity available at different levels moving away from the Interbank market. In contrast to individuals who make a deposit into their account to trade, institutions trading in the interbank market trade via credit lines. In order to get a credit line from a top bank to trade foreign exchange you must be a very large and very financially stable institution, as bankruptcy would mean the firm that gave you the credit line gets stuck with your trades. The next level of participants are the hedge funds, brokerage firms, and smaller banks who are not quite large enough to have direct access to the Interbank market. As we just discussed the difference here is that the transaction costs for the trade are a bit higher and the liquidity available is a bit lower than at the Interbank level. The next level of participants has traditionally been corporations and smaller financial institutions who do make foreign exchange trades, but not enough to warrant the better pricing As you can see here, traditionally as the market participant got smaller and less sophisticated the transaction costs they paid to trade became larger and the liquidity that was available to them got smaller and smaller. In a lot of cases this is still true today, as anyone who has ever exchanged currencies at the airport when traveling knows. To give you an idea of just how large a difference there is between participants in the Interbank market and an individual trading currencies for travel, Interbank market participants pay approximately $.0001 to exchange Euros for Dollars where Individuals in the airport can pay $.05 or more. This may not seem like much of a difference but think about it this way: On $10,000 that is $1 that the Interbank participant pays and $500 that the individual pays. The landscape for the individual trader has changed drastically since the internet has gone mainstream however, in many ways leveling the playing field and putting the individual trader along side large financial institutions in terms of access to pricing and liquidity. This will be the topic of our next lesson.
Views: 57587 InformedTrades
84. A Breakdown of the Forex Trading Day
 
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Practice trading with a free demo trading account: http://bit.ly/IT-forex-demo3 View full lesson: http://www.informedtrades.com/21071-breakdown-forex-trading-day.html Unlike the futures and equities markets, the forex market trades actively 24 hours a day with active trading hours following the sun around the globe to each of the major money centers. As the foreign exchange market is an over the counter market where two counterparties can trade with each other whenever they want, technically the market never closes. Most electronic trading platforms however open for trading at around 5 PM Eastern Time on Sunday, which corresponds to the start of Monday's business hours in Australia and New Zealand. While there are certainly banks in these countries which actively make markets in foreign exchange, there is very little trading done in these countries when compared to other major money centers of the world. The first major money center to open and there fore the start of the first major session in the forex market is the Asian Trading session which corresponds with the start of business hours in Tokyo at 7pm Eastern Time on Sunday. While still considered 1 of the three major money centers, only 7.6% of forex transactions flow through Tokyo trading desks, so the Asian trading session is the least active of the three. While there is active trading in Yen based currency pairs during Asian hours the market for currencies outside of Yen based pairs is relatively thin, making Asian trading hours a time when the larger banks and hedge funds in the market will sometimes try and push the market in their favor. Next in line is the European trading session which begins with the start of London business hours at 2 AM Eastern Standard Time. While New York is considered by most to be the largest financial center in the world, London is still king of the forex market with over 32% of all forex transactions taking place in the city. Before the Euro there were more than a dozen additional currencies in Europe making foreign exchange part of every day life for both individuals and businesses operating in the region. In addition to this, London is situated perfectly from a time zone standpoint with business hours for both the large eastern and western economies taking place during London trading hours. As London is the most active session in the forex market it is also the session with the most volatility for all the currency pairs which we will be studying in this course. Last but not least is the US session which begins with the start of New York business hours at 8 AM Eastern Standard Time. New York is a distant second to London in terms of forex trading volumes with approximately 19% of all forex transactions flowing through New York Dealing Rooms. The most active part of the US Trading session, and the most active time for the forex market in general, is from about 8am to 12pm when both London and New York trading desks are open for business. You can see very large volatility during this time as in addition to both New York and London trading desks being open, most of the major US economic announcements are released during these hours as well. The trading day winds down after 12pm New York time with most electronic platforms closing for business at around 4 PM Eastern Standard Time on Friday.
Views: 32344 InformedTrades
104. How Capital Flows Move the Forex Market
 
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http://www.informedtrades.com/24485-what-moves-forex-market-capital-flows.html Capital flows encompass all of the money moving between countries as a result of investment flows into and out of countries around the world. Here instead of money flowing between countries to buy each others goods and services, we are talking about money flowing into and out of the stock and bond markets of countries around the world, as well as things such as real estate and cross boarder mergers and acquisitions. Just as the importing or exporting of goods shifts the supply demand balance for a particular country, so do the flows of money coming into and out of the country as a result of capital flows. As the barriers to investing in foreign countries have come down as a result of the internet and other factors, it is much easier for fund managers and other investors to take advantage of opportunities not only in their domestic markets, but anywhere in the world. As this is the case, when a market in a particular country is showing above average returns, foreign investors will often flood the market with capital, buying up the assets of that country looking to earn above average returns as well. When this happens it not only affects the markets of that country, but also the value of its currency, as foreign capital must be converted into local currency in order to participate in the markets there. While most people are more familiar with the equities markets, an important thing to note here is that the bond markets in most countries are much larger than the equities markets, and therefore can have a greater affect on the currency. When the interest rates being paid for the bonds in a particular country are high, this tends to attract capital to that country from foreign investors seeking to take advantage of that higher yield, creating a demand for the local currency here as well. Lastly, cross boarder mergers and acquisitions are also part of the capital flows category and when they happen on large levels can move the market as well. As an example, if Deutsche bank (a large German bank) were to buy Washington Mutual here in the United States, this would create a large demand for dollars and increase the supply of Euros on the market as Deutsche Bank sold Euros for dollars in order to complete the transaction. As you can probably imagine there are a myriad of factors that can affect both trade and capital flows for a particular country, and therefore its currency. As currency traders it is our responsibility to know what to expect in terms of a reaction in the FX market when different things happen, so always think of things in terms of how something effects the supply demand relationship. Once you understand this it is next important to understand whether that effect fits into the trade flow or capital flow category since, as we will learn in later lessons, some countries are affected more by trade flows than capital flows and vice versa.
Views: 18596 InformedTrades
107. Fundamentals that Move Currencies - Balance of Payments
 
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View Full Lesson: http://www.informedtrades.com/25278-balance-payments-forex-traders.html Practice trading on a demo trading account: http://bit.ly/IT-forex-demo3 As we discussed briefly in our last lesson it is the interaction of flows of money relating to international trade and investment that ultimately determines the value of a currency over the long term. When demand strengthens for the exports of a particular country and/or investments by foreigners into that country increase, then, all else being equal a currency should strengthen. Conversely, when demand weakens for the exports of a particular country and/or investment by foreigners in that country falls, then, all else being equal a currency should weaken. It is the interaction of the current account and the capital account that measures this, and when combined these make up a country's balance of payments. The balance of payments is very simply the total transactions by a country with all other countries in the world, or in other words the combination of both trade flows and capital flows into one report. By following a country's balance of payments and its related indicators, an FX trader can gain great insight into the potential future direction of a country's currency. To help understand this better lets look at the example of the US Dollar. As we've discussed in previous lessons, the United States has run a very large current account deficit for quite some time, meaning that the country has imported many more goods and services than it has exported. As this chart of the US Dollar Index shows however, for a number of years the US Dollar continued to strengthen, despite this large current account deficit. [CENTER][IMG]http://www.informedtrades.com/images/created/balanceofpayments.jpg[/IMG][/CENTER] As you can see here going up into 2000 although the US ran a persistent current account deficit, the currency overall continued to strengthen before starting to sell off from late 2000 forward. Now I am making some pretty significant generalizations here for simplicities sake, but there are two major reasons that fundamental traders will point to as reasons for this: 1. Although this is starting to change somewhat, there has for many years been a strong demand for US Dollars because the US Dollar is the currency of choice for many major central banks to hold as their reserve currency, with Japan and China being the countries you will hear most about in this regard. This creates a demand for dollars on the capital flows side of the equation that helped to offset the persistent current account deficit going into 2000. 2. As most of you will remember the NASDAQ top which happened in March of 2000 was preceded by a major bull market in the United States, one in which foreign investors were active participants. As we learned about in our lesson on capital flows this also created a large demand for dollars, further helping to offset the large current account deficit. After the sell off of the NASDAQ however, foreign investors fled the US Stock market along with a lot of other traders and investors. As there was no longer as much foreign capital flowing in to offset the large current account deficit, the US Dollar began to weaken. As the dollar began to weaken this created a chain reaction with the central banks who began to diversify into the EURO and other currencies, further exacerbating the dollar's sell off. This created a situation where the current account deficit in the United States remained large (creating a market surplus of US Dollars from an international trade standpoint) and the inflows of capital into the US stock and bond markets began to fall, lowering the demand for dollars which was offsetting the current account deficit. While it is not important to understand all the intricate details at this point, what you do need to understand is that in order to have a feel for the long term fundamentals of a currency, it is important to have a general understanding of what is happening from both a trade flows and a capital flows standpoint, and how these two things interact with one another. As we will learn in coming lessons all fundamentals with currencies can be related back to these two basic concepts, so for your homework assignment for this lesson I encourage you to consider the following question: As the value of the US Dollar falls what effect if any should this have on the large current account deficit in the United States and why? If you would like to post your answer in the comments section of this lesson on InformedTrades.com for discussion this is something that I always encourage.
Views: 23132 InformedTrades
101. How Rollover Works in Forex Trading
 
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Check out the rest of our intro to forex course: http://www.informedtrades.com/f112 Practice forex trading with a free demo account: http://bit.ly/IT-forex-demo3 A lesson on what rollover is and how it works for traders of the forex market who hold trading positions overnight.
Views: 21812 InformedTrades
81. The Role of the Retail Forex Broker
 
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Practice trading with a free demo trading account: http://bit.ly/IT-forex-demo3 View full lesson: http://www.informedtrades.com/21008-how-forex-broker-provides-access-individual-traders.html The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/register-fxcm-demo Before the internet, very few individuals traded foreign exchange as they could not get access to a level of pricing that would allow them a reasonable chance to profit after transaction costs. Shortly after the internet became mainstream however several firms built online trading platforms which gave the individual trader a much higher level access to the market. The internet introduced two main features into the equation which were not present before: 1. Streaming Quotes: The Internet allowed these firms to stream quotes directly to traders and then have them execute on those quotes from their computer instead of having to deal over the phone. This automated trade processing, and therefore made it easier for firms to offer the ability to trade fx to the individuals and still be profitable. 2. Automatic Margin Calls: What is not so obvious but what was perhaps even more key is that the internet allowed an automated margin call feature to be built into the platform. This allowed firms to accept cash deposits from clients instead of having to put them through the process of signing up to trade via a credit line. As we discussed in our last lesson it is very difficult to get a credit line to trade FX and for those who do it is a lot of paperwork and hoops to jump through before they can begin trading. This would have made it impossible to offer FX trading to smaller individual traders as the cost involved in getting them set up to trade would not be worth it. As the electronic platform allowed clients to deposit funds and then automatically cut them out of positions if they got to low on funds, this negated the need for credit lines and made the work to get an individual account open well worth it to the forex broker from a profit standpoint. If you don't understand all the ins and outs of margin at this point don't worry as this is something that we are going to go into much more detail on in a later lesson. For now it is simply important to understand that what these firms did was take all the traders who were not big enough by themselves to get access to good pricing and routed their order flow through one entity that was. This allowed these firms access to much tighter pricing than would otherwise have been possible which was then passed along plus a little for the brokers to the end client. So now you can see why although the forex market has been around for a relatively long period of time, individuals have only started to trade the market over the last few years. Anther key thing that it is important to understand here is that the larger a firm gets in terms of trading volume, the greater access that firm has to tighter prices and liquidity and the more likely that firm is to be able to pass on better pricing and execution to their clients. This is another reason that many traders will evaluate the size of a firm as one of the key factors in deciding who to trade with.
Views: 31357 InformedTrades
116. Why the US Dollar is Still King
 
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http://www.informedtrades.com/32726-will-us-dollar-remain-king-currency-world.html In our last lesson we continued our free forex trading course with a look at why the US Dollar is still king of the currency world. As expected, this lesson generated a lot of debate, so in today's lesson we are going to look at whether or not the US Dollar will remain the king of the currency world. As we discussed in our last lesson the US Dollar is involved in approximately 89% of all forex transactions, so the fate of the US Dollar has huge implications not only on the US Dollar, but on the forex market as a whole. While currently the US Dollar is still king of the currency world, many argue that the tides are changing, and that the US Dollar is in danger of losing this status. Whether or not this happens, to what extent it happens, and if it does happen how quickly or slowly it happens, is of huge importance to currency traders. The most important reason why the US Dollar is king of the currency world is the fact that, as we learned about in our last lesson, it is the world's reserve currency. According to Wikipedia.com, as of 2007 there is approximately $7.5 trillion worth of currencies held as reserves by central banks around the world. Of that $7.5 trillion 63% or 4.7 trillion is held in US Dollars. This is an enormous amount of dollars being held by central banks outside of the United States, so forex traders watch closely anything that could show a decrease in the appetite of central banks for US Dollars. Like with individuals and companies, other countries willingness to lend money to the United States (by holding US Dollar Denominated Debt as reserves) is based on the financial soundness of the United States as a whole. As we learned about in module 3 of this course, the US has run a large current account deficit for years. In addition to this, the country's government has also run large budget deficits. Like an individual who runs up large amounts of debt, this makes the debt of the United States less attractive, and has the potential to decrease other countries willingness to fund these activities, by holding US Dollar Denominated debt as reserves. Secondly, many consider the monetary policy of the United States to be flawed, citing the Federal Reserve's increase of the money supply to hold interest rates low, as a major factor in the dollar's decline. As we learned about in our lessons in module 3 of this course, the lowering of interest rates tends to weaken the value of a currency all else being equal. As the value of the currency falls, countries around the world who hold that currency, see wealth evaporate due to the falling value of their reserves. This obviously has the potential to make the US Dollar less attractive for them to hold as their reserve currency, which means a decrease in demand, and a decrease in the value of the currency all else being equal. As of this lesson the US Dollar has fallen over 35% in the last several years, as measured by the US Dollar Index. As we just discussed, this decreases the wealth of the countries who hold the US Dollar as their reserve currency, and has the potential to reduce their appetite for US Dollars, regardless of the reason for the decline in value. This potentially means a decrease in demand from the central banks to hold US Dollars as their reserve currency, and a decrease in the value of the currency, all else being equal.
Views: 15660 InformedTrades
Forex Trading #15: Fundamental vs. Technical Trading
 
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http://www.ForexCoachingPros.com http://www.ForexTidalWave.com http://www.forexeducationstation.com/funnel_events/3965 Forex Education Station Stephen Story discusses why he prefers Technical Forex trading vs. the fundamental trading of the stock market.
Views: 5971 ForexCoachingPros
96. How to Calculate Leverage in the Forex Market
 
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Practice trading with a free demo trading account: http://bit.ly/IT-forex-demo3 Continue your trading education: http://www.informedtrades.com/ A lesson on how to calculate how much leverage you are using when the base currency pair in the pair you are trading is not the US Dollar. For active traders and Investors in the forex market. The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/register-fxcm-demo
Views: 33203 InformedTrades
108. How Interest Rates Move the Forex Market Part 1
 
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http://www.informedtrades.com/25425-how-interest-rates-move-forex-market-part-1-a.html Like current and future earnings prospects are the most important factors to consider when trying to forecast the long term direction of a stock, current and future interest rate prospects are the most important factors to consider when trying to forecast the long term direction of a currency. Because of this fact, currencies are highly sensitive to any economic news that can affect the country's interest rates, an important factor for traders of all time frames to understand. As we learned in module 8 of our free basics of trading course located in the free course section of InformedTrades.com, when the central bank of a country raises interest rates this not only affects the short term rate that they target, but the interest rates for all types of debt instruments. If the central bank of a country raises interest rates then debt instruments of all types are going to become more attractive to investors, all else being equal. This not only means that foreign investors are more likely to invest in the debt of that country, but also that domestic investors are less likely to look outside the country for higher yield, creating more demand for the debt of that country and driving the value of the currency up, all else being equal. Conversely, when a central bank lowers interest rates, then interest rates on all types of debt instruments for that country are going to be less attractive to investors, all else being equal. This not only means that both foreign and domestic investors are less likely to invest in the debt of that country, but that they are also more likely to pull money out to seek higher returns in other countries, creating less demand for, and a greater market supply of that currency, and driving its value down, all else being equal. Once this is understood, it is next important to understand that foreign investors are exposed to not only the potential profit or loss from interest rate changes on the debt instrument they are investing in, but also to profits and losses which result from fluctuations in the value of that country's currency. This is an important concept to understand, as it generally will work to increase the profits for investors when interest rates increase, as the increase in the value of the currency is realized when they sell the investment and convert back into their home country's currency. This gives the foreign investor that much extra return on their investment, and that much extra incentive to invest when interest rates rise, driving the value of the currency up further all else being equal. Conversely when interest rates decrease, there will be less demand for the debt instruments of a country not only because of the lower yield to investors, but also because of the decrease in the value of the currency that normally comes with a decrease in interest rates. The additional whammy of a loss to the foreign investor from the currency conversion that results as part of the investment, further incitivizes them to put their money elsewhere, decreasing the value of the currency further, all else being equal.
Views: 30717 InformedTrades
88. Forex Trading - Understanding Currency Rate Movements
 
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Free Forex Course on InformedTrades: http://www.informedtrades.com/f112/ The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/IT-forex-demo3 A lesson on understanding what increases and decreases in the rate of a currency pair mean for the values of the currencies which make up that pair.
Views: 42330 InformedTrades
Trading the Forex with Bonds - Part 1
 
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Most investors have no idea how bond or note yields affect the forex or any other capital market. This is unfortunate because they play a major role in what happens to capital flows and can be used to time and manage forex trades. 100% free forex education available from http://www.pfxglobal.com.
Views: 11251 profitingwithforex
85. Forex Trading - Characteristics of the Main Currencies
 
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Practice currency trading with a free demo account: http://bit.ly/IT-forex-demo3 View full lesson: http://www.informedtrades.com/21156-forex-trading-overview-worlds-main-currencies.html Over 80% of all currency transactions involve the US Dollar. As you can probably imagine after hearing this, currency traders pay heavy attention to what is happening with the US Economy, as this has a very direct affect not only on the US Dollar but on every other currency in the world as well. Japan, which is the second largest individual economy in the world, has the third most actively traded currency, the Japanese Yen. After experiencing impressive growth in the 60's, 70's and early 80's Japan's economy began to stagnate in the late 1980's and has yet to fully recover. To try and stimulate economic growth, the central bank of Japan has kept interest rates close to zero making the Japanese Yen the funding currency for many carry trades, something which we will learn more about in later lessons. It is also important to understand at this stage that Japan is a country with few natural energy resources and an export oriented economy, so it relies heavily on energy imports and international trade. This makes the economy and currency especially susceptible to moves in the price of oil, and rising or slowing growth in the major economies in which it trades with. While the United Kingdom is a member of the European Union it was one of the three countries that opted out of joining the European Monetary Union which is made up of the 12 countries that did adopt the Euro. The UK's currency is known as the Pound Sterling and is a well respected currency of the world because of the Central Bank's reputation for sound monetary policy. Next in line is Switzerland's currency the Swiss franc. While Switzerland is not one of the major economies of the world, the country is known for its sound banking system and Swiss bank accounts, which are basically famous for banking confidentiality. This, combined with the country's history of remaining neutral in times of war, makes the Swiss Franc a safe haven currency, or one which attracts capital flows during times of uncertainty. When traded against the US Dollar, the Euro, Yen, Pound, and Swiss Franc make up known as the "major currency pairs" which we will learn more about in coming lessons. For the purposes of this course we will focus on currencies that trade actively 24 hours a day allowing the trader to move in and out of positions during the trading week at anytime as he or she pleases. Although not considered part of the major currencies there are three other currencies in addition to the ones just listed which trade actively 24 hours a day and which we will be covering in this course. Known as the commodity currencies because of the fact that they are natural resource rich countries, the Australian Dollar, New Zealand Dollar and the Canadian Dollar are the three final currency pairs we will be covering. Also known as "The Aussie" the Australian Dollar is heavily dependant upon the price of gold as the Australian economy is the world's 3rd largest producer of gold. As of this lesson interest rates in Australia are also among the highest in the Industrialized world creating significant demand for Australian Dollars from speculators looking to profit from the high yield the currency and other Australian Dollar denominated assets offer. Like the Australian Dollar the New Zealand Dollar which is also known as "The Kiwi" is heavily dependant on commodity prices, with commodities representing over 40% of the countries total exports. The economy is also heavily dependant on Australia who is its largest trading partner. Like Australia, as of this lesson New Zealand also has one of the highest interest rates in the industrialized world, creating significant demand from speculators in this case as well. Last but not least is the Canadian Dollar or otherwise affectionately known as "The Loony". Like its commodity currency brothers, the Canadian Economy, and therefore the currency, is also heavily linked to what happens with commodity prices. Canada is the 5th largest producer of gold and while only the 14th largest producer of oil, unbeknownst to most; it is also the largest foreign supplier of oil to the United States.
Views: 26383 InformedTrades
Forex Trade System "Scaled Equation"
 
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Forex trade system and FREE signals. Over 300% profit in 2007! Free signals! Over 3000 pips in the first quarter of 2008!
Views: 2027 afsfraven
93. How to Calculate Forex Trading Profits and Losses
 
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http://www.informedtrades.com/ A lesson on how to calculate profits and losses in the forex market for active traders and investors in foreign exchange and currrencies. The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/IT-forex-demo3
Views: 68226 InformedTrades
90. How to Place Your First Forex Trade
 
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Free Forex Course on InformedTrades: http://www.informedtrades.com/f112/ The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/IT-forex-demo3 A lesson on how to place your first forex trade for traders who are new to the forex market.
Views: 71973 InformedTrades
What is FOREX FOREX Investment Opportunities
 
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Forex Market or Foreign Exchange Market, is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets...
Views: 462 mailmegatienda
86. Setting Up Your Forex Trading Software
 
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The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/forex-demo1 A lesson on getting set up with a forex trading demo account for active currency and foreign exchange traders.
Views: 140999 InformedTrades
Forex Trading #24: The "Optimized" Carry Trade
 
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http://www.ForexCoachingPros.com http://www.ForexTidalWave.com Stephen Story (Trader, Coach, Author) discusses his optimized carry trade strategy, and how new traders can use it to make money early in their trading careers while they are learning the more in-depth aspects of trading.
Views: 4845 ForexCoachingPros
110. How To Trade the Carry Trade Strategy Part 1
 
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Practice trading the carry trade strategy: http://bit.ly/IT-forex-demo3 View full lesson: http://www.informedtrades.com/25717-how-trade-carry-trade-strategy-part-1-a.html As we learned about in our lessons on how rollover works in module two of this course, when holding a position past 5pm NY time traders earn interest when they are long the currency with the higher interest rate. Conversely, when traders are long the currency with the lower interest rate they pay interest when holding a position past 5pm NY time. Like the US investor in the example from our last lesson who took his US Dollars and invested them in New Zealand Bonds to earn a higher return, currency traders can also take advantage of countries which offer higher interest rates. Luckily for us however taking advantage of interest rate differences between countries is generally much easier for currency traders who can do so with a simple click of the mouse. To help demonstrate this lets look at the interest rates as set by the central banks for the main currencies which we are interested in. As you can see here and as we went over in our last lesson, rates as set by the Federal Reserve in the United States are currently at 2%, and rates as set by the Bank of New Zealand are currently at 8.25%. Now lets bring up a screen shot of the simple dealing rates window of the FXCM platform and locate the New Zealand Dollar/US Dollar Currency pair. If we buy this currency pair, then we are long the New Zealand Dollar which is the higher yielding currency, and short the US Dollar which is the lower yielding currency. With this in mind we earn $10 per contract held past 5pm NY time as shown in the Roll B column of the simple dealing rates window. Conversely, if we sell this currency pair then we are short the higher yielding New Zealand Dollar and Long the lower yielding US Dollar, so we pay $15 dollars per contract held past 5pm NY Time, as shown in the roll s column of the window. As you can see here, we can take advantage of the higher interest rates in New Zealand by buying New Zealand Dollars and Selling US Dollars with the click of the mouse, and without having to go through the trouble of figuring out how to buy New Zealand bonds as we would have had to in our last lesson. Because of the simplicity of this strategy and the fact that in addition to the interest that one earns by being long the currency with the higher interest rate there is the opportunity for capital appreciation should the higher yielding currency move in one's favor, this is a hugely popular strategy. This is important to us as traders not only because it is a strategy that we may want to consider trading at some point, but also because a huge amount of capital flows in and out of currencies based on this strategy, making it a major market mover in both the long and short term time frames. Lastly, it is important to us as traders to understand that when a trader is long the carry, meaning that he or she is long the currency pair with the higher interest rate, then that trader is normally trading with the wind at their back as they are getting paid every day they hold their position, regardless of what happens to the exchange rate. Conversely when a trader is short the carry, meaning that they are long the currency pair with the lower interest rate, then they are generally trading with the wind in their face as they are paying money every day, regardless of what happens with the exchange rate.
Views: 29474 InformedTrades
92. Forex Trading - Pips and Fractional Pip Pricing
 
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http://www.informedtrades.com/ A lesson on what a pip is in the forex market as well as what fractional pip pricing is for active traders and investors in the foreign exchange market. The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/IT-forex-demo3
Views: 32881 InformedTrades
Trading the Forex with Bonds - Part 3
 
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Understanding how intermarket relationships work is only part of the answer. Using that information to time entries, exits or to manage risk is the other part. In today's section we will begin evaluating ways that technical analysis can be used. 100% free forex education available from http://www.pfxglobal.com.
Views: 3989 profitingwithforex
Trading the Forex with Bonds - Part 4
 
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The forex is a great place to trade and offers a lot of opportunity for profits. Intermarket analysis can amplify these benefits for forex traders by increasing the frequency of trading opportunities. 100% free forex education available from http://www.pfxglobal.com.
Views: 2632 profitingwithforex
About Forex - Part 3
 
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www.BestForExpert.com Recent years up to now some expert form Financial back ground had encouraged us to do some investment. And also some time ago there are some articles in the Strait Times, saying FOREX is safer to be done by expert, such as Banks. We are operating a FOREX Trading Education Centre. Teaching the general public like yourself to acquire the knowledge on how to Trade FOREX Online. Our reasons is to create awareness to general public how Big Players such as Commercial Bank, Central Bank , Importer & Exporter and etc, how they make profit form FOREX. Our Strategies are proven by more than over 1000, students. We are very confident that you will achieve at least 10% ROI (Return of Investment). We are giving you the following: • 6 months one to one session with your private Trainer. • 2 Days course. • Unlimited recourse for 6 months. • Expert Adviser to run your trade. If you are not generating any profit after using our proven strategy after 6 months, there will be 110% MONEY BACK GUARANTEE. (Terms and Condition apply) Regards, MK Chin (MBA), FOREX Trader and Investor (Full time), 2 Havelock Road, Apollo Centre, Singapore 059763. (Clarke Quay MRT). [email protected] www.BestForExpert.com
Views: 245 Chrismilly2007
Corporates seek legal aid against banks
 
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The fear of mounting losses on exotic forex derivative products may now push many companies to head to the courts. Following reports of possible forex losses, many companies are scanning through the agreements signed with their banks on forex derivatives to see if these agreements are legally enforceable and if they can avoid losses on their balance sheets.
Views: 345 NDTV
Forex Tracer Automated Trading Software - Make Money Online on FOREX
 
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Download Forex Tracer: http://hitek192.iforex.hop.clickbank.net/ The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.
Views: 294 AsSeenOnTv12
Forex Trading Made Easy
 
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http://tips-and-articles.com Facts About This Forex Trading Platform * No need to download any forex trading software. * It is purely online currency trading Forex Trading It derives its name from foreign exchange trading. It also know as the following: * fx trading * currency trading Why Use this Forex Trading Platform? This Forex Trading Company wants to show you how you can be part of the largest global market. When choosing which online platform to trade with, there are many different considerations. Here are some of the reasons why they are the platform of choice. * Its about you: personal service; training * Trading with us is easy: no software download; instant deposits; margin trading with low minimum deposit; quick registration * Managing risk: rates, limits and stop-loss; tools to trade smarter * Transparent: no hidden costs * Innovative: trade anywhere at anytime; Freeze rate; special features and tools only available to our traders * Flexible and competitive: special terms for frequent traders; spreads; bonuses * Security: data security and privacy * Professional: reputable business partners; real-time quotes Their platform includes: * Free and simple registration, start in 5 minutes; * 24 / 7 online from any computer, anywhere, no download; * Regulated (USA; UK; Australia; EU); * Instant deposits and profit withdrawals with credit cards or PayPal; * Start trading from as little as $50; * No additional collateral required for trading (no "maintenance margin"); * Unique "Freeze rate" trading feature (accept or regret); * No hidden costs; * Working with reputable business partners and world leading banks; * Full transparency, full control, highest data security and privacy; * Special tailor-made terms to individuals traders; * Free 1-on-1 live training by experts; * Personal service by real people with real names and addresses; * Special incentives to frequent traders; * Portfolio manager programs currency forex online trading currency forex trading foreign exchange trading forex forex currency forex day trading forex software forex system forex trade forex trading forex trading platform forex trading signal forex trading software forex trading strategy forex trading system fx trading online currency trading online forex online forex trading online forex trading platform trading currency. http://tips-and-articles.com
Views: 117 randallcwilson
Forex Market Trading
 
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http://www.finanzasforex.com/Alexbraun - provides an excellent financial opportunity to the business people who want to earn huge profits with the investment strategy realized in Forex Market, the major foreign exchange market.
Views: 281 alexbraun1
89. Forex Trading - Understanding the Bid/Ask Spread
 
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Check out the free forex course on InformedTrades: http://www.informedtrades.com/f112/ Register for a free forex demo trading account: http://bit.ly/IT-forex-demo3 A lesson on the two way quote in forex trading referred to as the bid ask spread and what this means to us as traders of the forex market.
Views: 51167 InformedTrades
How do central banks affect the forex? - Part two
 
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One of the additional tools a central bank has access to are its foreign currency reserves. Most central banks use these reserves to back their currency and other liabilities and some will use those reserve accounts to interfere in the FX market. 100% free forex education available from http://www.pfxglobal.com.
Views: 2604 profitingwithforex
Latest  breakthrough in automated forex trading has arrived
 
01:45
http://www.forex-tracer.fxmechanics.com Forex trading once restricted to the large banks and blue chip companies has now become available to the average Joe.
Views: 35 papaghost08
103. What Moves the Forex Market? - Trade Flows
 
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Practice trading for free: http://bit.ly/IT-forex-demo3 Continue your forex education: http://www.informedtrades.com/ A lesson on how the trade flows between different countries affect the value of their currencies for active traders and investors in the forex market.
Views: 24384 InformedTrades
Forex Video | London Session Review | September 18, 2008
 
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Download my MT4 chart templates, profiles, indicators and pivot points for FREE: http://charts.fxbootcamp.com At the open of today's European session, major central banks announced a coordinated move to improve liquidity conditions in the global financial markets. The EUR/USD rose in response and managed to break above resistance of the 100-pip range which had defined the pair's previous 12 hours of price action. A 100-pip trade was the outcome for traders who executed a long trade entry at the re-test of resistance, then took profit at the daily M4 pivot point.
Views: 1445 fxbootcamp
91. How to Determine Your Position Size in the Forex Market
 
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Free Forex Course on InformedTrades: http://www.informedtrades.com/f112/ The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/IT-forex-demo3 A lesson on the different contract sizes available to active traders and investors in the forex market. Foreign Exchange, currency trading, forex trading
Views: 38805 InformedTrades
Forex Trading - High Probability Profit in 00 - Trade Time Not Price
 
06:03
Get forex trading signals with http://www.bkforexadvisors.com, learn to trade forex and get forex trading strategies from Boris Schlossberg Kathy Lien
Views: 10121 BKForex
10/13/08 - Daily Forex Market News from cmsfx.com
 
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Global Stocks Recover Following Steps by Governments to Recapitalize Banks Monday, October 13th, 2008 Stocks in Asia, Europe and the US rose today as governments around the world announced plans to recapitalize banks, offer money to facilitate lending. The Pound, Euro and Dollar rose against the Yen, reversing some of the losses seen on Friday. News Provided by CMS Forex http://www.cmsfx.com Newscaster: Fan Yang Open up a free practice account and start trading Forex today.
Views: 154 cmsfx
Forex Trading Guide
 
02:04
Discover exactly what the stock market is all about. Learn new stock market trends. Find out how to understand currency conversion. Discover forex volatility and market expectations. Learn aspects of the trade. The "Buzz" words that you need to know. Discover several risk management factors you need to know. Learn exactly how to read and interpret statistics. Discover how to handle a whipsaw. Find out how to use arbitrage correctly. An in depth look at secondary markets. How to use the foreign exchange market to your advantage. Learn how to properly protect your investments. Exactly how investment works and how it can work for you. Plus much MUCH More!
Views: 1303 MantisFoundation
115. Forex Trading Fundamentals Quiz - Test Your Knowledge
 
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Lesson Link: http://www.informedtrades.com/26444-forex-trading-quiz-test-your-basic-forex-fundamentals-knowledge.html As we now have a basic understanding of how trade flows and capital flows move the forex market, the next step is to look at each of the individual currencies we will be focusing on so we can gain an understanding of their backgrounds, and the makeup of their economies. Once we have an understanding of this it will become clear what fundamental factors are the most important drivers of individual currencies, and therefore what we as traders should watch for. Before we get into this however it is very important that everyone has a sound understanding of how trade flows and capital flows move the forex market (which is covered in module 3 of this course) as well as the following concepts, all of which are covered in module 8 of our free basics of trading course located in the free course section of InformedTrades.com: - We all need to understand what the business cycle is. - The difference between monetary and fiscal policy. - What a central bank is and how they go about changing interest rates. In module 8 of the basics of trading course we cover the Federal Reserve which is the central bank in the United States. While the central banks that we are going to be covering going forward may differ in how aggressive they are with monetary policy in relation to the Federal Reserve, the methods they use to conduct monetary policy, and the reactions of the forex market that monetary policy generates, is basically the same no matter what central bank you are looking at. - The first currency we will be covering will be the US Dollar, so you should have a good understanding of the basic components of the US Economy. I am going to give everyone 10 questions here that you should now have the knowledge to answer if you have been through module 8 of my free basics of trading course, and module 3 of this course. To help make it interesting for everyone, I will offer a free copy of Kathy Lien's excellent book Day Trading the Currency Market, to the first person that posts the correct answers to all 10 questions in the comments section of this lesson on InformedTrades.com. If you are watching this video on Youtube you can find a link to this lesson on InformedTrades to the right of the video. Ok so here we go: 1. If inflation is low and a Central Bank is concerned about recession, what would the expected monetary policy response be? 2. If inflation and growth are both high what would the expected monetary policy response be? 3. If a central bank raises interest rates, what affect if any is this expected to have on the currency of that country, all else being equal? 4. If a central bank lowers interest rates, what affect if any is this expected to have on the currency of that country, all else being equal? 5. If a country's imports grow and all other trade and capital flows remain equal, what affect would this have on the current account and what would be the expected affect on the currency if any? 6. If a country's exports grow and all other trade and capital flows remain equal, what affect would this have on the current account and what would be the expected affect on the currency if any? 7. If a country is a major exporter of gold and the price of gold moves up by 50% over the course of a year, what would be the expected affect if any on that country's currency all else being equal? 8. Japan is a major importer of oil and Canada is a major exporter of oil. If the price of oil goes up by 50% over the course of a year, then what affect if any should this have on the CAD/JPY currency pair all else being equal? 9. Traders who follow US Dollar fundamentals pay particular attention to any numbers which reflect the overall health of the consumer. Why? 10. The US Economy in the past was referred to as an Industrial Economy, now it is referred to more as a ________________ Economy. Once the first person posts the right answers to all 10 questions I will send a private message to them via the forum to request the mailing address where they would like their free copy of Day Trading the Currency Market sent. That's our lesson for today. In tomorrow's lesson we will begin a discussion on the fundamentals that move each of the main currencies we will be focusing on, starting with the US Dollar, so I hope to see you in that lesson.
Views: 13470 InformedTrades
Trading with the Momentum Indicator
 
08:18
This lesson is designed to introduce the trader to this indicator, its basic construction, how it can be used for trends or reversals, to indicate trend strength or weakness, and how it relates to price action. To learn more about the services we offer, visit http://2ndskiesforex.com
Views: 32993 2ndSkies Forex
102. Free Forex Charts Userguide
 
06:49
Practice forex trading with charts: http://bit.ly/IT-forex-demo3 A lesson on how ot use the free forex charts in the FXCM forex demo trading platform. For active traders and investors in the currency market.
Views: 22174 InformedTrades
78. An Overview of the Forex Market
 
05:16
View our full free forex course: http://www.informedtrades.com/f112/ Register for a free forex demo trading account: http://bit.ly/forex-demo1 The first lesson in our new free video forex trading course which introduces the main aspects that differentiate the forex market from the equities and the futures markets.
Views: 95889 InformedTrades
Money Making Secrets Revealed: Forex Exposed
 
00:47
http://www.forex.MakeMoneyFromScratch.net Are you looking for quick money making secrets to make some extra cash to take a vacation, pay bills, pay your debts or buy a new car? Or maybe you want to make money full time from your home? Well, This is your lucky day, because the best money making secret amongst all will be revealed. It is no other than, Forex. Forex, is also known as Foreign Exchange Trading or Currency Exchange Trading. It is currently recognized as the world's largest financial market. The Foreign Exchange Market exists wherever one currency is traded for another. It includes trading between large banks, central banks, currency speculators, multinational corporations, governments and other institutions. It is a portal for people on how to make money fast With forex, you can trade commissions free in over 60 currencies around the globe. And you can benefit on this currencies whether they are going up or down. You can possibly make money in either case or profit from both. It is by far the most effective amongst all the money making ideas. Find out about the secrets of currency trading and learn to control large sums of money using leverage. When you trade currencies, you are taking advantage of a 100 to 1 leverage. This is the most powerful concept of forex trading, how to use leverage for your success. Learn forex today and know how I make good money with lesser time for work and more time for my loved ones and recreation. Be a part of the forex world right now at http://www.MakeMoneyFromScratch.net and make unstoppable cash in no time.
Views: 396 forextrainingtoday
An Introduction To Forex Trading Part 1 of 4
 
08:36
This is a 4 part video series entitled "An Introduction To Forex - Part 1". I aim to shed light on what forex really is and how it works as opposed to marketing forex in a "get rich quick" style. From http://www.privatefxclub.com
Views: 5268 samuk1000
97. How to Calculate Leverage in the Forex Market Part 2
 
05:06
http://www.informedtrades.com/ A lesson on how to calculate how much leverage you are using when the base currency pair in the pair you are trading is not the US Dollar. For active traders and Investors in the forex market. The platform featured in the video is the FX Trading Station. Click here to try a register for a free practice account on the FX Trading Station: http://bit.ly/register-fxcm-demo
Views: 17321 InformedTrades
FOREX Training Video | New York Session March 11, 2008
 
16:41
Download my MT4 chart templates, profiles, indicators and pivot points for FREE: http://charts.fxbootcamp.com A new plan by the Federal Reserve to revive lending among banks, announced during the first hour of today's New York session, sparked a rally in the US dollar. Currency correlation, a second chance on a pullback, and a "ride the 5" scenario across the major pairs was classic. The EUR/USD, for example, offered a variety of entry/exit options which could be combined to produce a short trade with up to 140 pips in profit.
Views: 1449 fxbootcamp
Trading forex pairs with oil
 
08:05
This is the first article in a series we will be doing at www.PFXglobal.com on forex trading and intermarket analysis. Intermarket analysis is a tool that can be used to find trading opportunities in the market. 100% free forex education available from http://www.pfxglobal.com
Views: 6151 profitingwithforex

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