Currency Trading - Is The Global Marketplace Changing?  

Posted by bharat


Success can be hard to define. Is there one thing that you can do to be sure of success? There are many things that affect how you trade and what profit you make from it, but the most important of all is recognizing opportunities.
The world around us is changing - for better or worse does not matter. It is changing and we must keep up or be left behind. But instead of being overwhelmed or discouraged, the global situation we find ourselves in should encourage us. There is no better place to find opportunity to succeed than in the midst of uncertainty and danger.
In Crisis There Is Opportunity
And with prices skyrocketing such as they are, and rumors floating around of collapses, it is crucial that you know how to survive, should any crisis occur. Even if you think you are perfectly safe, it is advantageous for anyone to learn how to make the best of any circumstances.

So where do you start? How can you learn to recognize opportunity when it knocks?

First of all, you must evaluate your Forex trading strategy and perfect it, making sure it works just as well as it always did. It must be able to be relied upon implicitly so you will never have to resort to rash, impetuous decisions. Emotional reactions never work in Forex trading.

Then you must analyze the economic conditions around you. Fundamental analysis can help you tremendously with this. There is a lot to examine and take a look at - interest rates, international trade balances, economic strengths and weaknesses, and production rates. All these things affect dramatically the price of currencies. Fundamental analysis can help you comprehend a larger picture of how it all works and fits together to influence the Forex market.

You may say, “But how can I profit from the threatening economic conditions around me?” The answer is that it is in these situations that you can profit the most, if you do it right. There are many strategies out there that can show you how to buy and sell currencies and take advantage of the instabilities in the economies of the world.

Two Words… Carpe Diem!

It is all about seizing the opportunity when you see it. A statistic says that only 2 percent of people act on opportunities they see. In Forex, you should avoid rash decisions, but you should also act when you see that you can profit from it.

Don’t wait, because in this swiftly-changing world, you never know what could happen next, fundamental and technical analysis or not! If you hesitate, you might never see the chance again. So seize the day! That is the best advice I have to anyone. This is especially crucial in Forex trading.

There are many seminars and “Webinars” available that speak in more specifics about this topic. The main point I am just trying to make is don’t run and hide when the economy shakes and fluctuates. Learn the details of trading and have confidence in your trading abilities so you can take an opportunity when you see one and enjoy great financial profit and success!

Forex Trading - Taking Advantage of Indicators  

Posted by bharat


After learning the basics and the fundamentals of forex trading, the next step is to acquire the skills and the tools necessary so that you will be able to identify market trends; more importantly you will know when and where to trade so you do not end up among the 90% of traders who simply lost to the market. By learning, practicing and improving your skills in trading, you will be able to enhance your chance if earning more money than ever before. One important skill that you should learn in particular is the ability to spot and use forex trading indicators.

There are many different kinds of indicators in the world of Foreign Exchange and all of them are categorized in either one of the two; lagging or leading. A lagging indicator shows the forex trader a current trend that has started wherein the trader can also join. The risks of using lagging indicators are relatively low but the returns are also low

The second category of trading indicators is known as leading indicators. This is an exact opposite of lagging indicator. Here, the indicator would show the trader a possible upcoming trend wherein he or she can trade to. The keyword there however is “possible” as it can be a misleading indicator. This category carries far higher risks compared to the former; but of course, the higher the risk means higher rewards. The first few people who are able to take advantage of a currency before it trends will attain higher profits compared to those who come in last.

Online Trading  

Posted by bharat


Daily Market Commentary for March 31, 2009
Major U.S. indices hosted another positive trading session today amidst moderate trading volume creating a variety of action for those involved in online trading. (read more at Millennium-Traders.Com)
http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
ICSC-Goldman Store Sales:For week of March 28, chain store sales posted an increase 1.1% week-on-week and a decrease by 0.2% year-on-year for the best readings since the new year. Sales were strong even after taking into account effects surrounding Easter, which falls three weeks later this year. The report still sees full month sales flat to down 1%.

Redbook:
Redbook shows a 0.6% year-on-year rate being the best rate since the end of last December. Warm weather had a positive affect in the week.

S&P Case-Shiller HPI:
January shows steepening rates of price contraction, at -2.5% for the composite 10 index and -2.8% for the composite 20. Year-on-year rates of decline deepened at -19.4% for the 10 index and -19.0% for the 20 index. Developments in the housing sector are being monitored on a month-to-month basis given new efforts to limit foreclosures and the ongoing drop in mortgage rates. Data confirms that home-price contraction was deepening at the outset of the year.

NAPM-Chicago:
U.S. Chicago Purchasing Management adjusted March Index 31.4 versus February 34.2; U.S. Chicago Purchasing Management March Prices Paid Index 34.1 versus February 37.8; U.S. Chicago Purchasing Management March Supplier Deliveries 48.4 versus February 51.0; U.S. Chicago Purchasing Management March Employment Index 28.1 versus February 25.2; U.S. Chicago Purchasing Management March New Orders Index 30.9 versus February 30.6.

Consumer Confidence:
U.S. Conference Board March Consumer Confidence came in at 26.0 versus February reading of 25.3; U.S. Conference Board March Present Situation Index came in at 21.5 versus February reading of 22.3; U.S. Conference Board March Expectations Index came in at 28.9 versus February reading of 27.3. March consumer confidence index remained relatively unchanged in March. February’s reading was 25.3, revised up slightly from the originally reported 25.0. The present situation index for March fell to 21.5 from February’s upwardly revised 22.3, while the expectations index increased to 28.9, from the prior month’s 27.3. It was originally reported at 27.5. Consumers referring to business conditions as “bad” rose to 51.1% of the survey from 50.5% during February. Consumers calling conditions “good” moved lower to 6.8%, from 7% previous month. The Conference Board found increased concerns about hiring with those calling jobs “hard to get” rising to 48.7% of from 46.9% during February. Those deeming jobs as “plentiful” remained unchanged at 4.6%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain of 86.90 points to end the trading session at 7,608.92
NYSE (New York Stock Exchange) gain of 79.93 points to end the trading session at 4,978.98
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 26.79 points to end the trading session at 1,528.59
S&P 500 (SPX) gain of 10.34 points to end the trading session at 797.87
BEL 20 (BEL20) gain of 48.30 points to end the trading session at 1,748.74
CAC 40 (CAC40) gain of 88 points to end the trading session at 2,807.34
FTSE100 (UKX100) triple digit gain of 163.23 points to end the trading session at 3,762.91
NIKKEI 225 (NIK/O) triple digit loss of 126.55 points to end the trading session at 8,109.53

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,034, declined stock prices 663, unchanged stock prices 521, stock prices hitting new highs 10 and stock prices hitting new lows 15. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Ingersoll-Rand Company Limited (NYSE: IR) stock price shed 0.18 points on the trading session, high on the trading session $14.20, low on the trading session $13.25, with a closing stock price at $13.80; State Street (NYSE: STT) stock price gained 2.80 points on the trading session, high on the trading session $31.71, low on the trading session $28.90, with a closing stock price at $30.78; Watson Pharmaceuticals (NYSE: WPI) stock price gained 2.52 points on the trading session, high on the trading session $32.95, low on the trading session $28.84, with a closing stock price at $31.36; Deutsche Bank AG (NYSE: DB) stock price gained 3.02 points on the trading session, high on the trading session $41.46, low on the trading session $38.88, with a closing stock price at $40.42.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,917, declined stock prices 893, unchanged stock prices 139, stock prices hitting new highs 13 and stock prices hitting new lows 15. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TBS International (NasdaqGS: TBSI) stock price gained 0.84 points on the trading session, high on the trading session $8.19, low on the trading session $7.29, with a closing stock price at $7.33; Acorda Therapeutics (NasdaqGS: ACOR) stock price shed 5.09 points on the trading session, high on the trading session $20.98, low on the trading session $19.10, with a closing stock price at $19.81; First Solar (NasdaqGS: FSLR) stock price shed 4.06 points on the trading session, high on the trading session $140.02, low on the trading session $129.78, with a closing stock price at $132.70.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 350, declined stock prices 175, unchanged stock prices 113, stock prices hitting new highs 3 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: End of trading session price 790.50; Change for the trading session 6.25
E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,227.50; Change for the trading session 4.75
E-mini DOW $5 (YM) June 09: End of trading session price 7,518; Change for the trading session 38
E-mini S&P MidCap 400 (MF) June 09: End of trading session price 482.20; Change for the trading session 3.10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7540 to U.S. Dollars 1.3263
Japanese Yen 98.890 to U.S. Dollars 0.0101
British Pound 0.6979 to U.S. Dollars 1.4329
Canadian Dollar 1.2609 to U.S. Dollars 0.7931
Swiss Franc 1.1387 to U.S. Dollars 0.8782

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (May 09) gained $1.49 on the trading session for a closing price of $49.90 per barrel ($US per barrel)
Heating Oil (May 09) gained $0.02 on the trading session for a closing price of $1.36 a gallon ($US per gallon)
Natural Gas (May 09) gained $0.04 on the trading session for a closing price of $3.78 per million BTU ($US per mmbtu.)
Unleaded Gas (April 09) gained $0.03 on the trading session for a closing price of $1.42 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gained $7.30 on the trading session for a closing price of $925.00 ($US per Troy ounce)
Silver (May 09) shed $0.05 on the trading session for a closing price of $12.99 ($US per Troy ounce)
Platinum (July 09) gained $8.00 on the trading session for a closing price of $1,128.80 ($US per Troy ounce)
Copper (May 09) gained $0.08 on the trading session for a closing price of $1.84 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gained 1.43 on the trading session for a closing price of 72.40
Pork Bellies (May 09) gained 2.80 on the trading session for a closing price of 86.55
Live Cattle (June 09) gained 1.63 on the trading session for a closing price of 81.70
Feeder Cattle (May 09) gained 1.20 on the trading session for a closing price of 94.25

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 18.50 on the trading session for a closing price of 404.75
Soybeans (May 09) gained 47.50 on the trading session for a closing price of 951.50

BOND MARKET:
2 year Bond Closing price 100 4/32, change 4/32, Yield 0.80, Yield change -0.04
5 year Bond closing price of 100 12/32, change 8/32, Yield 1.67, Yield change -0.05
10 year Bond closing price 100 9/32, change 9/32, Yield 2.68, Yield change -0.08
30 year Bond closing price 99 5/32, change 1, Yield 3.54, Yield change -0.07

Investing in Forex  

Posted by bharat

Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.

A few additional points, which create such powerful leverage for investors within the forex market are: The amount of capital required to begin investing in the market is only three hundred dollars. For the most part, any other investment market is going to demand thousands of dollars of the investor in the beginning. Also, the market offers opportunities to profit regardless what the direction of the market may be; In most commonly known markets investors sit and wait for the market to begin an up trend before entering a trade. Even then, investors, as a rule must sit and wait some more to be able to exit the trade with a nice profit. Given that the forex market produces several up, down, and sideways trends in a single day, it can easily be seen that forex stands head and shoulders above other markets. Additionally there are trading strategies, which are taught that provide for compounded profits; these are profits on top of profits. In addition, free demo accounts are available within the industry of forex trading, which facilitate the sharpening of skills without the risk losing any capital. And the advantage regarding the time factor in trading foreign currency is a very attractive point for any investor. Compared to one of the most sought after avenues of investing, which often requires forty or more hours each week, namely in the real-estate market, the forex market requires a much smaller demand on the investor's time. Forex trading requires approximately ten to fifteen hours each week to earn a full time income. It's easy to see that the advantages and great leverage that exist in the forex market, make it among the most lucrative, time liberating, and easy to enter by far.

I hope this information gives you a clear understanding of how you can turn your investing into a true method of making your money work harder for you.

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