FOREX ANALYSIS 27-3-2012 at 7GMT
EUR/USD
The current trend is a upward trend, it will reach 1.3380, then 1.3410
The stop loss point is 1.3280
if the price reached 1.3280, the trend will be reversed and the new target will be 1.3250, then 1.3220
USD/JPY
The current trend is an upward trend, it will reach 83.20 , then 83.40
The stop loss point is 82.50
if the price reached 82.90, the trend will be reversed and the new target will be 82.30, then 82.00
USD/CHF
The current trend is an downward trend, it will reach 0.9010 , then 0.8980
The stop loss point is 0.9070
if the price reached 0.9070, the trend will be reversed and the new target will be 0.9110, then 0.9140
USD/CAD
The current trend is an downward trend, it will reach 0.9880 , then 0.9860
The stop loss point is 0.9930
if the price reached 0.9930, the trend will be reversed and the new target will be 0.9960, then 0.9990
USD/NZD
The current trend is a upward trend, it will reach 0.8240, then 0.8270
The stop loss point is 0.8200
if the price reached 0.8200, the trend will be reversed and the new target will be 0.8170, then 0.8150
GBP/USD
The current trend is a upward trend, it will reach 1.5990, then 1.6020
The stop loss point is 1.5910
if the price reached 1.5910, the trend will be reversed and the new target will be 1.5890, then 1.5860
FOREX ANALYSIS 26-3-2012 at 7GMT
EUR/USD
The current trend is a upward trend, it will reach 1.3290, then 1.3320
The stop loss point is 1.3220
if the price reached 1.3220, the trend will be reversed and the new target will be 1.3190, then 1.3150
USD/JPY
The current trend is an downward trend, it will reach 82.30 , then 82.00
The stop loss point is 82.90
if the price reached 82.90, the trend will be reversed and the new target will be 83.10, then 83.40
USD/CHF
The current trend is an downward trend, it will reach 0.9070 , then 0.9040
The stop loss point is 0.9120
if the price reached 0.9120, the trend will be reversed and the new target will be 0.9150, then 0.9180
USD/CAD
The current trend is an upward trend, it will reach 1.0000 , then 1.0020
The stop loss point is 0.9960
if the price reached 0.9960, the trend will be reversed and the new target will be 0.9930, then 0.9900
USD/NZD
The current trend is a upward trend, it will reach 0.8190, then 0.8230
The stop loss point is 0.8100
if the price reached 0.8100, the trend will be reversed and the new target will be 0.8070, then 0.8050
GBP/USD
The current trend is a upward trend, it will reach 1.5900, then 1.5930
The stop loss point is 1.5810
if the price reached 1.5810, the trend will be reversed and the new target will be 1.5780, then 1.5750
Forex trading, just like most other forms of trading, carries risks and the novice Forex trader needs to be aware of these before dipping a toe into the foreign exchange pond. Here we will consider the 5 most common risks of foreign currency trading.
1. Forex scams. In recent years the industry has done a great deal to put its house in order and today Forex scams are certainly far less common than they used to be. They do however still exist.
It is fairly easy to open a Forex trading account, especially online, and a Forex scam in its simplest form is a case of a crook setting up a website posing as a broker, inviting you to open an account and deposit money into it and then disappearing without trace.
To ensure that you do not get caught out check out any broker carefully before opening an account. Choose a broker who is associated with a major financial institution (for example, a bank or insurance company) and who is also registered as a broker. In the United States brokers will be registered with the Commodities Futures Trading Commission (CFTC) or will be a member of the National Futures Association (NFA).
2. Exchange Rates. One of the attractions of the foreign exchange market is that it can be extremely volatile with currencies moving significantly against each other in very short periods of time giving rise to fast and substantial gains. The other side of this coin however is that the market can also produce substantial and rapid losses.
Fortunately there are tools available to the trader to limit this risk, such as stop loss orders, and novice traders need to familiarize themselves with these tools and to ensure that they make full use of them whenever they enter a trade.
Fortunately there are tools available to the trader to limit this risk, such as stop loss orders, and novice traders need to familiarize themselves with these tools and to ensure that they make full use of them whenever they enter a trade.
3. Credit Risk. Because there are two parties (a seller and a buyer) involved in every transaction there is a possibility that one party will fail to honor his or her commitment once a deal is closed. This usually happens where a bank or financial institution declares insolvency.
You can reduce any credit risk considerably by trading only on regulated exchanges which require members to be monitored to ensure their credit worthiness.
You can reduce any credit risk considerably by trading only on regulated exchanges which require members to be monitored to ensure their credit worthiness.
4. Interest Rates. When trading any pair of currencies traders need to watch for discrepancies between the underlying interest rates in the two countries in question, as any discrepancy can result in a difference between the profit predicted and that which is actually received.
5. Country Risk. Occasionally a government will intervene in the foreign currency exchange markets to limit the flow of its country’s currency. It is unlikely that this will happen in the case of a major world currency but could occur in the case of minor and less frequently traded currencies.
These of course are just some of the risks involved in Forex trading and novice traders will need to familiarize themselves with the others as they go along. However, a good understanding of the 5 risks detailed here is essential before you enter the trading arena.
Source: Free Articles
There is an ideal mindset, character, and mental attitude that traders need to acquire. I say acquire because few people have the innate personality that makes this mindset natural. With respect to your trading, this involves being free of anxiety, fear, despair or regret. It also involves being able to remain calm, confident, focused and disciplined in the face of adverse trading outcomes.
Trade with a Disciplined Plan
The problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $500 without serious research and examination of the product he/she is about to purchase, yet the average trader would make a trade that could easily cost him/her $500 based on little more than a feeling or hunch. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside. Be sure that you have a plan in place before you start to trade.
Good Execution Good Anticipation
Everybody knows that trading is a number game. I mean, our success is not depend on the outcome of the next trade, our success is depend on the overall profitability of many trades. So, while we are trading, whether the last trade we did was profitable or not is definitely not important. There is no point drawing conclusions on the outcome of just one --or even a few-trades. We can only access our anticipation skills when we have made a reasonable number of trades and see the longer-term result of our action. It is so important that when we are trading, our goal should be focus on executing our trades with ruthless efficiency and to judge only that. If you consider the ways that you lose money trading, you will find that it is down to poor execution, rather than poor anticipation.
Cut Your Losses Early and Let Your Profits Run
This simple concept is one of the most difficult to implement and is the cause of most traders demise. Most traders violate their predetermined plan and take their profits before reaching their profit target because they feel uncomfortable sitting on a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more then a predetermined amount. You simply allow your profits on the winners to run and make sure that your losses are minimal. What is it about cutting a loss that is so hard?
Do Not Over Trade
Do not bet on the farm. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with $5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to never use more than 10% of your account at any given time.
Do Not Marry Your Trades
The reason trading with a plan is the #1 tip is because most objective analysis is done before the trade is executed. Once a trader is in a position he/she tends to analyze the market differently in the hopes that the market will move in a favorable direction rather than objectively looking at the changing factors that may have turned against your original analysis. This is especially true of losses. Traders with a losing position tend to marry their position, which causes them to disregard the fact that all signs point towards continued losses.
So should you before you trade. In order to start the trading day in the optimum state of mind you should take 15 to 20 minutes to prepare. Treat each day like an elite athlete prepares for a competition. Here is how to do this:
1. Get yourself in a comfortable sitting position and close your eyes.
2. Breathe in and out slowly, pushing your stomach out each time you breathe in.
3. Consciously relax all your muscles.
4. Focus your entire attention on your breathing.
5. When your mind starts to wander (as it will) re-focus on your breathing so that you eliminate from your consciousness whatever your mind had started to think about --including bodily sensations.
6. Become aware of being exclusively --in the present moment. Exclude memories or thoughts about past events, and worries or anticipation or planning about the future.
7. Do this past the point of boredom, until your restless mind settles down and you enter a peaceful, relaxed state. This usually takes 15 to 20 minutes, but it can be longer for some people.
Trade with a Disciplined Plan
The problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $500 without serious research and examination of the product he/she is about to purchase, yet the average trader would make a trade that could easily cost him/her $500 based on little more than a feeling or hunch. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside. Be sure that you have a plan in place before you start to trade.
Good Execution Good Anticipation
Everybody knows that trading is a number game. I mean, our success is not depend on the outcome of the next trade, our success is depend on the overall profitability of many trades. So, while we are trading, whether the last trade we did was profitable or not is definitely not important. There is no point drawing conclusions on the outcome of just one --or even a few-trades. We can only access our anticipation skills when we have made a reasonable number of trades and see the longer-term result of our action. It is so important that when we are trading, our goal should be focus on executing our trades with ruthless efficiency and to judge only that. If you consider the ways that you lose money trading, you will find that it is down to poor execution, rather than poor anticipation.
Cut Your Losses Early and Let Your Profits Run
This simple concept is one of the most difficult to implement and is the cause of most traders demise. Most traders violate their predetermined plan and take their profits before reaching their profit target because they feel uncomfortable sitting on a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more then a predetermined amount. You simply allow your profits on the winners to run and make sure that your losses are minimal. What is it about cutting a loss that is so hard?
Do Not Over Trade
Do not bet on the farm. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with $5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to never use more than 10% of your account at any given time.
Do Not Marry Your Trades
The reason trading with a plan is the #1 tip is because most objective analysis is done before the trade is executed. Once a trader is in a position he/she tends to analyze the market differently in the hopes that the market will move in a favorable direction rather than objectively looking at the changing factors that may have turned against your original analysis. This is especially true of losses. Traders with a losing position tend to marry their position, which causes them to disregard the fact that all signs point towards continued losses.
So should you before you trade. In order to start the trading day in the optimum state of mind you should take 15 to 20 minutes to prepare. Treat each day like an elite athlete prepares for a competition. Here is how to do this:
1. Get yourself in a comfortable sitting position and close your eyes.
2. Breathe in and out slowly, pushing your stomach out each time you breathe in.
3. Consciously relax all your muscles.
4. Focus your entire attention on your breathing.
5. When your mind starts to wander (as it will) re-focus on your breathing so that you eliminate from your consciousness whatever your mind had started to think about --including bodily sensations.
6. Become aware of being exclusively --in the present moment. Exclude memories or thoughts about past events, and worries or anticipation or planning about the future.
7. Do this past the point of boredom, until your restless mind settles down and you enter a peaceful, relaxed state. This usually takes 15 to 20 minutes, but it can be longer for some people.
Source: Free Articles
To become involved in the wonderful and sometimes addictive world of Forex, you will need to have a strategy in place to succeed. There are many forex trading strategies that will help you to push forward in the game, it is just a matter of going out there and finding one that works for you.
To begin with, it is wise to consult with the experts about various forex trading strategies that might help you understand the Forex trading system a bit better. You can find many online forums that will help and you can take part in seminars where highly experienced instructors will explain the whole system and various strategies in detail. You might even be able to practice some of the forex trading strategies with a demo account.
You must also understand the forex charts in order to gain information about certain trends. This is probably one of the most important factors in forex trading strategies. Once you understand the way trends are moving and changing, and you are able to recognize and predict the patterns within these charts, you are well on your way to begin trading with success on the Forex.
Some strategies are very technical and require practice and understanding initially. At least at first, do not think that the forex is a way to get rich quickly. Initially, quick riches may not be possible as the exchange rate fluctuations will be slight, and it will take time for you to get the hang of it and make profits. Also be prepared, because you cannot win all of the time. Hopefully by using some of the online forex strategies you will win more often than not.
One of the forex trading strategies that you can start with is to learn which markets or trends to target. After learning a little bit more about the forex, you should be able to choose a market or trend that is more likely to be profitable. Be careful not to put all of your cash into one trend though, as this could backfire. Rather put smaller, more logical amounts of money into different trends so that you have a better chance of at least some of your investments profiting.
If you have any doubts at all about the forex trading strategies and trading on a specific trend then listen to your instincts. You should feel 100 percent comfortable with everything that you are trading on and not have any hesitations at all. If you don't feel comfortable, then make sure you learn as much as you can before you begin trading. Information is king, and the more you know the higher your earning potential.
To begin with, it is wise to consult with the experts about various forex trading strategies that might help you understand the Forex trading system a bit better. You can find many online forums that will help and you can take part in seminars where highly experienced instructors will explain the whole system and various strategies in detail. You might even be able to practice some of the forex trading strategies with a demo account.
You must also understand the forex charts in order to gain information about certain trends. This is probably one of the most important factors in forex trading strategies. Once you understand the way trends are moving and changing, and you are able to recognize and predict the patterns within these charts, you are well on your way to begin trading with success on the Forex.
Some strategies are very technical and require practice and understanding initially. At least at first, do not think that the forex is a way to get rich quickly. Initially, quick riches may not be possible as the exchange rate fluctuations will be slight, and it will take time for you to get the hang of it and make profits. Also be prepared, because you cannot win all of the time. Hopefully by using some of the online forex strategies you will win more often than not.
One of the forex trading strategies that you can start with is to learn which markets or trends to target. After learning a little bit more about the forex, you should be able to choose a market or trend that is more likely to be profitable. Be careful not to put all of your cash into one trend though, as this could backfire. Rather put smaller, more logical amounts of money into different trends so that you have a better chance of at least some of your investments profiting.
If you have any doubts at all about the forex trading strategies and trading on a specific trend then listen to your instincts. You should feel 100 percent comfortable with everything that you are trading on and not have any hesitations at all. If you don't feel comfortable, then make sure you learn as much as you can before you begin trading. Information is king, and the more you know the higher your earning potential.
Source: Free Articles
Gold Market Analysis today 21-3-2012
at 11 GMT
The current trend is an downward trend, it will reach 1640
, then 1630
The stop loss point is 1660
if the price reached 1660, the trend will be reversed and the new target will be 1670, then 1680
FOREX ANALYSIS 21-3-2012 at 11GMT
EUR/USD
The current trend is a upward trend, it will reach 1.3290, then 1.3320
The stop loss point is 1.3210
if the price reached 1.3210, the trend will be reversed and the new target will be 1.3180, then 1.3150
USD/JPY
The current trend is an upward trend, it will reach 83.80 , then 84.00
The stop loss point is 83.30
if the price reached 83.30, the trend will be reversed and the new target will be 82.95, then 82.75
USD/CHF
The current trend is an downward trend, it will reach 0.9080 , then 0.9060
The stop loss point is 0.9120
if the price reached 0.9120, the trend will be reversed and the new target will be 0.9150, then 0.9180
USD/CAD
The current trend is an downward trend, it will reach 0.9880 , then 0.9860
The stop loss point is 0.9920
if the price reached 0.9920, the trend will be reversed and the new target will be 0.9950, then 0.9980
USD/NZD
The current trend is a downward trend, it will reach 0.8150, then 0.8120
The stop loss point is 0.8220
if the price reached 0.8220, the trend will be reversed and the new target will be 0.8240, then 0.8270
GBP/USD
The current trend is a upward trend, it will reach 1.5910, then 1.5940
The stop loss point is 1.5840
if the price reached 1.5840, the trend will be reversed and the new target will be 1.5820, then 1.5790
