THE 8-STEP ULTIMATE TRADING PLAN CHECKLIST

Making an effective trading plan is the number one rule for success as a trader.

A trading plan should detail your motivation for trading, your stop losses, your goals, your risk-reward ratio, which trading strategies you’ll implement, and so on.

Most importantly, a trading plan is designed to change with your needs: as you progress in your trading, you’ll likely find you need to make changes to your strategy, your hours, or your goals.

Make sure you save a version of each plan on your laptop before you begin a new one - this is so you have each document ready to access should you choose to revert to a previous version!

In this blog we will be looking at all the things you should include in your trading plan, and how to make it as effective as possible. Here’s the checklist.

1) Motivation

Why do you want to be a trader?

It may feel ridiculous to write this down at first, but it will help to clarify your reasons for trading in your mind.

Whether it’s earning more income for traveling the world or raising your portfolio to trade full-time, it’s important to write your motivation as clearly as possible to enhance your focus and keep your goals to the forefront of your mind. Be bold!

2) Goals

Make your goals as realistic as possible without losing your ambition. How much do you want to increase your portfolio? Is that realistic in the timeframe you’ve given yourself?

Like your motivation, it’s important to write your goals down to keep them clear. If there’s space, you could even print these to tape above your desk for a little inspirational boost when you need a reminder to keep persevering!

3) Hours to commit

How much time you have to commit to trading will shape your trading plan, your goals, and your style. Will you trade in the evenings, or on your day off? Will you block out time in your Google Calendar every week, or trade whenever you have a spare few hours?

Finding the right hours for you will take time, so many traders find this requires trial and error. This is what your trading plan is for: to keep track of your changing strategies, hours, or stop losses.

4) Risk-reward

Your risk-reward ratio is one of the first elements you should incorporate into your trading plan. Put simply, a risk-reward ratio measures the difference between the profit potential of a trade relative to its loss potential.

So - what should your risk-reward ratio be? It’s a personal choice that will depend on your available capital and how much you are willing to risk, but it’s generally recommended that you risk no more than 1-2% of your capital per trade.

Any more than 4 or 5% is considered high risk, so it’s best avoided if possible! Generally speaking, a good risk-reward ratio is usually anything greater than 1 in 3.

5) Strategy

Which strategies will you implement? Will you use technical or fundamental analysis - or both? Will you try scalping or trend trading? 

Your strategy should match your trading level as well as your mindset: for example, using daily pivots can be suited to a trader of any experience, while scalping is generally better suited to those who are comfortable taking risks.

It’s important to make sure you note down which strategy you’ll be using so that if you need to change it later on, you’ll have a note of exactly what you were doing beforehand.

6) Stop loss

Setting a stop loss - an order placed to buy or sell once an asset reaches a certain price - is a key part of trading as it will help you to minimise and manage your losses.

But make sure you’re strategic here: choose a stop-loss percentage that allows the market to fluctuate day to day while preventing as much loss as possible.

For example, setting a 5% stop loss on a stock that has a history of fluctuating 10% or more in a week would not be the best idea - so make sure what you choose is realistic, both for you and the markets.

7) Capital

How much capital are you willing to put aside for trading?

This can be a tempting one to skip over, but it’s important to write it down as you’ll be far more willing to commit to it. It’s important to be realistic here: only risk what you can afford to lose.

8) Assessment

How will you assess your trading as you go? Once a week? Once a fortnight?

It’s important to reflect on your trading as you go so that you can monitor your performance. What’s going well, and what could be improved? Are the strategies you’re using working for you? Are you willing to invest more capital? Is your risk-reward strategy too high, or too low?

As mentioned above, you’ll likely need to amend your trading plan as you go along, so make sure that once you decide to make some changes you save a version of each plan on your laptop, as you’ll want to refer back to the previous one.

Good luck!

The Short Guide to Billions

We all love a good show. There is nothing better than to relax and have a marathon of your favourite TV series, but guess what’s even better? When a show can teach you things you can use in your life as a trader. That’s when the show ‘Billions’ comes in handy.

CBS’s Showtime TV series ‘Billions’ is back, and it is a wild ride. A must-see for any trader, this show might become your guideline to the Forex slang and main events that might happen any day in the daily life of a Forex broker (some extreme situations excluded, it’s a work of fiction, after all).

‘Billions’ is a story of Bobby Axelrod, a hedge fund king, and his daily fight for success (including legal battles). Is it the most accurate representation of all Forex traders? Probably not. But does this show teach us important things we can use in our trading? Oh, yes, definitely.

If you are watching this show for the first time or you are relatively new to the world of Forex, some terms might be extremely confusing and hard to understand, so let’s take a quick review of the most basic terms you will hear throughout this show.

Billions from A to Z

Alpha: the excess return that a hedge fund gets. You use it to see how well a fund manager performs.

Blue-chip: the most stable companies with an impeccable reputation, known for their stability.

Cut bait: selling all the losing positions and making room for new, potentially much more successful investments in your portfolio.

Dead cat bounce: brief stable point in the price of a declining stock, followed by a downtrend.

Expense account: corporate account used to pay the company’s employees who used their own funds while conducting business.

Family office: a private company that manages the funds of a person, their family and, possibly, of their company’s employees.

Hedge funds: a pool of funds gathered from a high net worth investors used to create a portfolio managed by a tried-party company.

IPO: an initial public offering. When a company goes public for the first time, its shares are available to the public to raise capital.

Lock-up period: a timeframe within which investors cannot sell their shares. This period may last 3 months or longer.

Mosaic theory: an investment method that suggests gathering and analysis of information from different sources to create a strategy for investment.

Non-solicitation agreement: a contract and employee of a hedge fund signs that prevents them from soliciting clients or investors in case of contract’s termination.

Prime broker: an investment bank that offers services to the hedge fund.

Quant funds: an investment fund where statistics is preferred over human analysis.

Rally: an increase in the price of a security over a specific time period.


Spinoff: the new company created after a split of a previous one.


Takeover: buying a majority stake of a company to get full control of it.

Window dressing: selling losing stocks and purchasing strong stocks before the quarterly financial statements. Often used as a deceiving strategy.

‘Billions’ gives us a glimpse of what a life of biggest investors and fund managers is, but it also gives us a chance to learn new things in a fun and entertaining way, so, basically, it’s a win-win situation. Don’t miss the 5th season premiere on May 3, 2020.

Teknik Forex Sebenar - Suatu Perkongsian Pengalaman

Assalamualaikum dan salam sejahtera,

Agak poyo sedikit posting saya yang lepas yang dibuat dalam bahasa omputeh. Terpaksa buat sebab nak memenuhi requirement google adsense. hahaha.  

Ok. Berbalik pada cerita asal, tentang Teknik Forex Sebenar. Bagi sesiapa yang tak tau apa itu Forex, mungkin akan menganggap forex ni adalah skim cepat kaya atau yang macam MLM nak kena cari-cari orang. Maaf, anda silap kerana forex bukanlah skim cepat kaya, bukan Multi-Level Marketing dan bukan skim kena cari-cari orang. 

Sebelum ini saya beranggapan ramai yang tahu apa itu forex. Rupa-rupanya saya silap sebab baru-baru ni salah seorang rakan saya sendiri mengatakan beliau dah orex ni dan bagi satu website untuk rujukan saya. Bila saya check website tersebut, ternyata bukan walaupun sememangnya website tersebut berasaskan urusniaga forex. Saya cuba bertanya lagi pada rakan saya tadi, rupanya beliau tidak tahu apa itu forex dan join skim tersebut atas desakan sepupu. RM500 dah dikeluarkan dan apa yang boleh dibuat hanyalah mengharap pada pulangan yang dijanjikan di website tersebut.

Sebenarnya forex bukanlah skim cepat kaya. Tak perlu pun nak cari-cari orang suruh join skim untuk buat duit. Tetapi melalui forex anda boleh kaya atau paling tidak pun sebagai pendapatan sampingan, hanya dengan berdagang matawang atas analisis sendiri tanpa perlu mengharapkan orang lain. Tetapi jika anda masih baru, anda semestinya perlukan guidance dan Teknik Forex Sebenar adalah guide yang anda perlukan.

Pakej ebook dan video tutorial yang disediakan oleh penulis amat berbaloi dan lengkap disamping support yang berterusan di group rahsia facebook kami. Ramai yang telah berjaya hanya dengan mengikuti panduan yang diberikan serta tunjuk ajar dari penulis sendiri. Saya ulangi, jika anda benar-benar ikuti panduan yang diberikan.

Saya tak mahu penuhi ruang blog saya dengan screenshot gambar-gambar dan testimoni mereka yang berjaya sebab tak nak nampak macam blog jual barang pulak nanti, tetapi anda boleh melihat screenshot tersebut di web jualan Teknik Forex Sebenar di sini.

Bercerita tentang pengalaman saya membeli pakej ini, pada mulanya saya agak ragu-ragu untuk mengeluarkan sejumlah wang yang agak besar nilainya pada saya, tetapi saya nekad dan percaya untuk berjaya perlu ada pengorbanan (walaupun kadang-kadang tu ada yang saya korbankan itu agak bodoh keputusannya). Hahaha. Atas alasan tersebut, saya beli, saya baca dan fahami apa yang diajarkan. Memang mudah untuk difahami kerana bahasa Melayu santai yang digunakan penulis amat mudah nak difahami. Terasa lebih dekat dan seperti tidak ada gap langsung. Support di group facebook juga amat hebat dan cepat disamping ramai rakan-rakan lain yang membuat perkongsian tentang forex. Oh ya, penulis juga ada membuat kelas tutorial di setiap negeri dan kelas tersebut adalah atas inisiatif pembeli-pembeli ebook ini juga. Hebat kan? Macam suatu keluarga besar sebenarnya.

Di bawah ini adalah preview dari ebook tersebut. Jika anda mahu preview percuma ini, boleh request dari saya.

Jika anda masih ragu-ragu untuk mendapatkan ebook ini, saya akan memberikan anda preview ebook tersebut secara percuma. Boleh tinggalkan komen dan email anda di ruangan komen di bawah jika anda berminat dan saya akan emailkan review tersebut kepada anda secepat mungkin.

Jika anda ingin terus ke web jualan Teknik Forex Sebenar, boleh klik pada banner di bawah.

Kesimpulannya, apa yang boleh saya jamin ialah, anda tidak akan menyesal jika membeli pakej ebook ini dan jaminan pulangan wang 30 hari juga disediakan jika anda tidak berpuas hati dengan pakej ini. Saya sendiri tidak menyesal dengan keputusan saya untuk membeli pakej ini dahulu kerana ilmu yang diberikan oleh penulis amat bermakna dan begitu membantu saya dalam urusniaga forex saya sendiri. Ebook ini juga amat sesuai untuk mereka yang baru ingin bermula dalam forex dan juga mereka yang telah lama berniaga forex.

Kadar trafik untuk web tersebut adalah teramat tinggi buat masa sekarang dan anda mungkin akan mengalami sedikit masalah untuk web tersebut terpapar penuh.

Baiklah, semoga perkongsian yang serba ringkas ini boleh membantu anda.

Teknik Forex Sebenar 5th Edition Will Be Relaunched on 18th November 2013!!

Good news for you. If your really want to learn forex from the best forex Guru in Malaysia, Singapore, Brunei and Indonesia, you have the chance to learn with Teknik Forex Sebenar (TFS) courses and forex ebook written by Khalid Hamid.

Further information will be given in the nearest period of time. For present, you may download the FREE preview of the ebook here.

Teknik Forex Sebenar (TFS) Secret Group in Facebook

This is the secret weapon of many traders who bought the TFS. They gained access to a secret group in TFS.

What is the best thing being in this group?

This group is the secret weapon for the TFS buyers. The after sales support from the writer himself specially for you. This group is also as an additional support beside from the ebook and the tutorial video included in the package. Should you need additional advice, you may ask the experience traders in the group. The respond and guide are brilliant, with accurate forex analysis (Disclaimer: Trade at Your Own Risk).


As an additional, Khalid Hamid often give updates and his thoughts in this group. For a newbie like me, it can be a very satisfying advice from the Guru himself, Khalid Hamid. Let us look at one of the posts made ​​by Masta Khalid in the group:

You will only get this kind of feedback if you BUY Teknik Forex Sebenar. All buyers will be given a FREE pass to join this FB's Secret Group.

I'M INTERESTED!! WHERE TO BUY?

Sorry guys. Teknik Forex Sebenar is currently still close and will not receive any order until the opening day (18th November 2013). But you may view the Teknik Forex Sebenar website HERE. (if you can't wait any longer. :D) or you can click on the banner on top of the sidebar.

You may contact me should you need any advise or assistance.

Have a blast day ahead!

FOREX: A QUICK INTRODUCTION TO FUNDAMENTAL ANALYSIS BY JOHN CARRICABURU

Forex traders mainly use two main types of analyses for their trading strategies: technical and fundamental analysis. This short article will focus on fundamental analysis, with special emphasis on how to use it in forex trading.

Fundamental analysis refers to political and economic conditions which can influence the prices of currency pairs. Forex traders who use fundamental analysis base their decisions on information such as unemployment rates, economic policy, inflation, growth rates, etc.

Fundamental analysis is often used to get an overall view of currency movements. It provides a general evaluation of economic conditions which affect a given currency. Most forex traders count on fundamental analysis to find entry and exit points on the currency market and they complete their analysis with fundamental analysis.

Currency prices on the Forex are affected by supply and demand forces that are influenced by the economic situation. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by GDP (gross domestic product), foreign investments and the balance of exports/imports.

Economic indicators

Various economic indicators are announced by government and university sources. These are reliable measurements of the country’s economic health which are monitored by all investment sectors. The indicators are generally published on a monthly basis but some are published each week.

Two of the most important fundamental indicators are the central banks’ interest rates and the balance of imports/exports. There are of course a multitude of important indicators (consumer price index, durable good orders, production price index, retail sales, etc.).

Interest rates – high interest rates attract foreign investments which will reinforce the local currency. In addition, stock market investors often react to interest rate increases by selling off stocks since they believe the increased cost of borrowing money will affect many companies. Stock market investors may sell their shares, which will slow down the stock market and the national economy.

Determining which of these two effects dominates depends on many complex factors, but there is a general consensus that exists among economic observers in terms of the way in which interest rate changes affect an economy and the price of a currency.

The export/import balance – A trade balance that shows a deficit (more imports than exports) is generally unfavorable for a country’s economy. A deficit trade balance means that money circulating in the country is being used to buy goods made abroad, which can have an unfavorable effect on a currency. Typically, market expectations determine whether a deficit trade balance is unfavorable or not. The trade balance will affect currency prices if the figure that is announced is higher than expected.

There are 28 main indicators used in the United States. Economic indicators have important effects on the financial markets, so forex traders must take these economic announcements into account when defining their trading strategies. The economic statistic calendar provides traders with announcements in real time.

source : HotForex

Teknik Forex Sebenar - Face to Face Tutorial

Alhamdulillah, pada 30 Mac 2013 yang lepas, telah berlangsung kelas tutorial bagi pembeli ebook Teknik Forex Sebenar yang diadakan di d'Villang Resort, Ayer Keroh, Melaka. Bersempena dengan cuti sekolah, kesempatan itu diambil untuk membawa sekali anak-anak berjalan-jalan makan angin.

Kelas tutorial yang dikelolakan sendiri oleh penulis ebook Teknik Forex Sebenar, iaitu encik Khalid Hamid telah mendapat sambutan yang hangat, sehinggakan terpaksa dibuat di dalam 2 sessi iaitu pagi dan petang. Kelas yang berlangsung selama 3 jam itu, banyak merungkaikan cara-cara untuk melihat candlestick dan membaca pergerakan market dengan lebih senang, mudah dan simple tetapi amat bermakna sekali untuk trader-trader baru seperti saya (dalam kelas ni juga ada seorang brader berumur 50-an dan juga baru berjinak-jinak dalam trading forex ini, hebat kan?).

Walaupun kelas tersebut hanya berlangsung selama 3 jam, tetapi ilmu yang didapati amat bermanfaat dan boleh saya katakan tidak rugi langsung menghadirinya. Banyak persoalan, teknik dan tips yang dikongsi bersama oleh penulis dan para peserta lain.

Inilah antara keistimewaan yang saya dapat hasil dari membeli ebook Teknik Forex Sebenar, selain dari support yang berterusan dari penulis sendiri di group facebook. Anda juga menikmati keistimewaan ini jika membeli ebook Teknik Forex Sebenar ini. Apa tunggu lagi?

KLIK SINI UNTUK PENERANGAN LANJUT TEKNIK FOREX SEBENAR.

macam biasa, sessi bergambar tetap ada

eBook Review : Teknik Forex Sebenar V3

Assalamualaikum dan salam sejahtera,

Untuk posting kali ini, saya akan membuat review tentang sebuah ebook Forex yang sedang hangat di pasaran Forex, iaitu TEKNIK FOREX SEBENAR V3 yang ditulis oleh Khalid Hamid.

Alah membeli, menang memakai. Itulah yang dapat digambarkan jika membeli ebook Teknik Forex Sebenar v3 ini. Tidak rugi. Berbaloi. Value for money. Bukan saya nak memuji lebih-lebih, tapi itulah gambaran sebenar yang dapat saya katakan tentang ebook ini.

Ditulis di dalam bahasa Melayu dengan gaya bahasa yang penuh santai, ebook ini telah berevolusi dari versi 1 hinggalah yang terbaru ini iaitu versi 3. Terdapat penambahbaikan dari versi 1, versi 2 dan seterusnya ke versi 3 ini. 

Sebelum itu, sedikit info mengenai penulis. Beliau merupakan seorang part-time Forex Trader dan bekerja secara full-time sebagai seorang currency analyst di sebuah institusi kewangan antarabangsa dan buku ini dihasilkan dari pengalaman beliau sebagai seorang currency analyst dan pengalaman sebenar beliau sebagai forex trader.

Khalid Hamid - Penulis

Baiklah, kenapa saya katakan tadi tidak rugi membeli ebook ini. Berikut adalah apa yang anda akan dapat jika membeli ebook ini.

• Support yang berterusan dari penulis sendiri di dalam group facebook.
• Dilengkapi dengan video tutorial lengkap setting platform forex
• Teknik-teknik yang mudah serta simple yang hanya anda perlu ikuti
• Disertakan sekali dengan money management calculator untuk anda
• MONEY BACK GUARANTEED!! (ini yang penting)

Jika anda berminat untuk mendapatkan ebook ini, boleh klik di sini . 

Atau boleh hubungi saya jika anda berminat untuk mendapatkan preview ebook ini.

Teknik Forex Sebenar di FB - lihat ahlinya!

Jangan berlengah lagi - KLIK DI SINI

TRADING CURRENCIES (AND KNOWING WHEN NOT TO TRADE!)

In the middle of the 1990′s, retail investors started to trade currencies on the forex market thanks to the presence of online forex brokers. During the last 15 years, many brokers have started to pop up, the market has become increasingly competitive and forex trading spreads have gone down.

The forex industry has developed many exceptional trading tools such as chart analysis software and even trading signal services with automatic execution. Nevertheless, many traders lose money for several reasons: bad risk management (money management), a lack of training in trading, the use of excessive leverage, etc.

But perhaps the biggest challenge that a trader faces is the fact that market’s are not always trending and they are not always ranging. Lots of traders have winning strategies, however, these strategies are sometimes being used at the wrong time! A majority of traders are trend traders (“the trend is your friend” ever hear that one?), but most of the time they shouldn’t be trading as the market only trends about 30% of the time! Unfortunately, lots of traders have trouble waiting on the sidelines for a trend to develop. When the market is stuck in a range and consolidating, you are more likely to hit a stop loss than a take profit.

The opposite is true of range traders as well. Once the market takes a definite direction, they have trouble waiting for the next consolidation area.

Knowing when not to trade is just as important as knowing when to jump in. And looking elsewhere for other opportunities is key as well. Many traders only trade the EUR/USD as this is the most liquid pair, but there are other major pairs as well. Following this logic, it also makes sense to look for opportunities in other time ranges. If you trade the 15-min chart, try looking at the 1-hour or 4-hour chart, you might see other opportunities there (of course, jumping to higher time frames means staying in a trade for a longer period of time, but with proper money management this should not be a problem.

BY JOHN CARRICABURU

Source : http://blog.hotforex.com

HotForex Launches 100% Credit Bonus On All New Deposits

HotForex is excited to introduce their new 100% Credit Bonus which essentially doubles your trading power when you make a new deposit. As quite possibly their greatest and most generous bonus offering so far, clients can enjoy the following key benefits:

• Protection from Margin Calls and Stop Outs during Drawdown periods
• Increased Leverage
• Full bonus amount withdrawal under the right conditions

The bonus is applicable on all new deposits of $100 or more and is available from today for a limited time only. Please visit their website for more information on the benefits of this bonus program.

If you would like to take advantage of their exciting new 100% Credit Bonus but do not have a Live Account yet, you can open one in just a few minutes by completing their secure and convenient online application form.

WINNING STRATEGY IN FOREX

In Currency Trading there are a multitude of strategies that can be profitable. I don’t care which strategy you use but if you don’t overlay your strategy with the 5 points below then I believe that the probability of success will be really low.

1. Always Use Stop Losses – I cannot stress this enough.  To be able to use stop losses you have to accept them as a cost of doing business.  The same way a shopkeeper has to pay for rent or electricity, the trader has to pay for Stop losses.  Usually new traders do not like to use Stop Losses because many times the price returns towards their initial entry and they end up being in the money. So in their mind, using a stop loss would only create an unnecessary red spot in their account.  But you might find yourself in a scenario where the price does not return to your entry and your account gets wiped out.

Remember, trading is a marathon and not a sprint. You have to survive for a while until you learn how to trade. And the only way to survive is by using stop losses!

2. Multi-Timeframe Analysis – You might have a favourite time frame to trade. If you don’t then you should. Choose one so you learn the ins and outs of trading within that timeframe.  But always look out on the next timeframe to make sure you are on the correct side of the trend and that you are not selling into bigger timeframe support or buying into bigger timeframe resistance. For example, I always trade on the 15 minute chart but always consult the 1H timeframe.

3. Keep it Simple but not too simple – Trading should be simple enough so that decision making is clear and not complicated but you should keep in mind that confluence is important as well. Confluence means that more than one indicators/price action characteristics support a trading decision. For example I might buy a pair if it bounces over its upward sloping trend line and also bouncing of a support level in addition to forming a rejection candle.

4.  Learn the signal frequency of your method – You have to learn your method/strategy like the palm of your hand.  I know how many signals my strategy usually generates throughout every trading session. And I know this, because I am ‘connected’ with my strategy. This means that I do not over trade.  I trade the 2-3 signals a day my strategy generates and that’s it. If I start entering into more trades than what my strategy usually generates then I know I am overtrading.   Over trading can kill an account, since every new trade brings new risk on the table. And as traders we hate risk!

5.  Concentrate on the risk and not the profit – When you equate trading to risk management that’s when you will see your account grow. Trading is all about managing your risk. So cut your losses short. Winning trades are usually winning from the get-go. Be quick to protect your account. Personally I move my SL to entry as soon as a trade goes 15 pips in my favour. That’s a method that suits my strategy. You should protect your account as well with a method that suits your strategy.

source : HotForex

FOREX TRADERS: DIFFERENT PROFILES HAVE DIFFERENT OBJECTIVES

Currency trading can provide a significant source of income for some professional traders. But for other investors, foreign exchange transactions are simply an additional source of income that allows them to invest their hard earned money. With the growing popularity of currency trading, more and more individuals seek to use forex trading as an alternative investment vehicle, in a sense replacing stock market trading.

There are several types of traders in the foreign exchange market:

1) The first type of trader is the full-time professional trader. The majority of these traders are day trading, they invest in the Forex on a daily basis and are sometimes scalpers who profit from small movements of currency pairs using high leverage. These seasoned traders have extensive experience that allows them to develop effective forex trading strategies.

2)  The second type of Forex trader does not really have time to do forex trading on a daily basis. These investors either do not have the time to monitor the financial markets themselves or are essentially long-term traders who wage their “bets” on large forex movements. They do not really care about small foreign exchange fluctuations and trade with little leverage.

3)   The third type of forex traders are slowly emerging in the world of forex investing, they prefer to let managers manage their accounts for them. These investors do not have time to study the financial markets themselves, but are well informed about the possibilities of profit or losses that may quickly occur in the forex market.

There are other types of traders who are not in the list because they are not individuals, such as hedge funds, brokers or hedgers who protect themselves to ensure a fixed price for their productions.

If you are interested in investing money in the forex market, make sure to set clear investment objectives. You must not only determine the amount you are willing to invest, but also the time that you can afford to devote to the study of trading. Your psychological profile and personality must determine your trading style.

Before you begin trading, you should make a short checklist containing, at the very least, the following:

1) Define your trading strategy (hedging? scalping? trading with the trend? trying to identify tops and bottoms?)

2) find a broker that meets your requirements (for example, you may want a broker that allows scalping, or that allows you to trade mini-lots, or that lets you trade metals and commodities as well as currency pairs) and

3) make sure that the broker is licensed and accredited by a regulatory body (for example: the FSC in the Republic of Mauritius).

John Carricaburu – www.forex-central.net

source : HotForex

EURUSD DROPPED AFTER POSITIVE JOBS DATA FROM THE UNITED STATES ON FRIDAY

EURUSD dropped on Friday and closed at 1.30. The United States department of labor reported on Friday that the total nonfarm payroll employment rose by 236K jobs added in February. The Unemployment rate in the United States dropped to 7.7 percent in February. The Industrial Production in Germany remained flat in January disappointing the market expectation of a 0.5 percent rise. Support for the EURUSD is seen at 1.2964 and resistance is seen at 1.3067. The HotForex Traders Board shows that half of the traders are long on the EURUSD and half are short.

GBPUSD

The Cable dropped on Friday and closed at 1.4918. A survey of Bank of England indicated that the consumers in the United Kingdom expected the price of goods and services to increase in the next year to 3.6 percent in February. Investors are awaiting the Manufacturing Production month over month due from the United Kingdom tomorrow. Support for the GBPUSD is seen at 1.4866 and resistance is seen at 1.4979. The HotForex Traders Board shows that 81 percent of the traders are long on the GBPUSD.

source : HotForex

EURUSD TRADING ABOVE THE 1.30 MARK. ECB PRESS CONFERENCE ON FOCUS TODAY.

EURUSD dropped yesterday and closed at 1.2964. Data released yesterday showed that the Gross Domestic Product in the Eurozone dropped 0.6 percent in the fourth quarter of 2012. The United States dollar advanced against the Euro after data release showed that the US private sector employment surged more than the market expectation in February. The latest release of the Federal Reserve Beige Book survey indicated that the US economy continued to expand at a modest to moderate pace in January. This morning the ratings agency Standard & Poors raised the credit rating of Portugal from “Negative” to “Stable”. Investors are now focused on the Press Conference of the European Central Bank due later today. Support for the EURUSD is seen at 1.2965 and resistance is seen at 1.3065. The HotForex Traders Board shows that 58 percent of the traders are long on the EURUSD.

GBPUSD

The Cable dropped yesterday and closed at 1.5016. The Halifax House Price Index rose 0.5 percent month over month in February. Later today the Bank of England it’s scheduled to make its monetary policy announcement. A lot of investors are speculating that the bank may restart its quantitative easing after stopping its bond buying program in November 2012. This combined with the releases from the United States is expected to bring high level of volatility on the pair. Support for the GBPUSD is seen at 1.4970 and resistance is seen at 1.5045. The HotForex Traders Board shows that 80 percent of the traders are long on the GBPUSD.

*source : HotForex 

EURUSD TRADING NEAR THE 1.30 MARK. BUSY ECONOMIC CALENDAR IN THE WEEK AHEAD.

EURUSD dropped on Friday and closed at 1.3020. Data released on Friday showed that the consumer price inflation in the Eurzone dropped to an annualized rate of 1.8 percent in February. The unemployment rate in the EU rose to a reading of the record 11.9 percent in January. The Retails Sales month over month in Germany rose 3.1 percent in January. The Manufacturing Purchasing Managers Index rose to a reading of 50.3 in February. Looking ahead in the week we have series of high impact events due on the Economic Calendar including the Minimum Bid Rate from the Eurozone, the employment data from the United States and the US Banks stress tests. Support for the EURUSD is seen at 1.2989 and resistance is seen at 1.3106. The HotForex Traders Board shows that 59 percent of the traders are long on the EURUSD.

GBPUSD

The Cable dropped on Friday and closed at 1.5038. The Manufacturing Purchasing Managers Index in the United Kingdom fell to a reading of 47.9 in February. The M4 Money Supply month over month rose 0.9 percent in January. In a release today the Construction Purchasing Managers Index in the UK dropped to a reading of 46.8 in February. Looking ahead in the week we have the speech of the Governor of Bank of England Sir Mervyn King due on Wednesday and the Official Bank Rate and the MPC Rate Statement due on Thursday from the United Kingdom. Support for the GBPUSD is seen at 1.5015 and resistance is seen at 1.5144. The HotForex Traders Board shows that 75 percent of the traders are long on the GBPUSD.

*source : HotForex