Forex Market Trading May23 Aftermath

Forex Market Trading May23 Aftermath - The dollar gained more ground yesterday, gaining 79 pips against the euro and 86 pips against gbp. In the forex trading news, Credit rating agency S&P upgraded Japan'’s debt rating to positive from stable, highlighting continued improvement in the economy. However, the upgrade will keep the pressure on the BoJ to soon shift from its current zero-rate policy and recognize further recovery in its economy.Despitee this the dollar gained 72 pips against the yen.

In yesterday's forex market trading we had a woodies cci signal, a zero line reject, but it failed again. As you can see from the 1 hour euro chart, the euro failed to make a zlr in yesteday's forex market trading. It did make a zero line cross, but it was at 18:00 CET (central european time), too late to enter. As you can see from the chart, I prefer zero line reject woodies cci pattern on lower timeframe too, but when there isn't one, I might take a zero line cross. This is a riskier entry however.

Still the reqirements for entry on lower timeframe avoid another loss, and if entered based on daily chart alone, you would probably take a big loss in yesterday's forex market trading.

Thanks for reading my blog, all comments and questions are welcomed. That's all for today's forex market trading may23 aftermath.

Forex Market Trading May23 Aftermath

Forex Market Trading May23 Aftermath - The dollar gained more ground yesterday, gaining 79 pips against the euro and 86 pips against gbp. In the forex trading news, Credit rating agency S&P upgraded Japan’s debt rating to positive from stable, highlighting continued improvement in the economy. However, the upgrade will keep the pressure on the BoJ to soon shift from its current zero-rate policy and recognize further recovery in its economy. Dispite this the dollar gained 72 pips against the yen.

In yesterday's forex market trading we had a woodies cci signal, a zero line reject, but it failed again. As you can see from the 1 hour euro chart, the euro failed to make a zlr in yesteday's forex market trading. It did make a zero line cross, but it was at 18:00 CET (central european time), too late to enter. As you can see from the chart, I prefer zero line reject woodies cci pattern on lower timeframe too, but when there isn't one, I might take a zero line cross. This is a riskier entry however.

Still the reqirements for entry on lower timeframe avoid another loss, and if entered based on daily chart alone, you would probably take a big loss in yesterday's forex market trading.

Thanks for reading my blog, all comments and questions are welcomed. That's all for today's forex market trading may23 aftermath.

Forex Market Trading May23 Preview

Forex Market Trading May23 Preview - Forex market trading may23 preview - The dollar lost more ground yesterday. The euro gained 86 against the dollar yesterday, the gbp gained 78 pips against the dollar. On the chart above you can see that the euro has formed a zero line reject woodies cci pattern. However there are a few signs of caution.

First in earlier forex market trading we had a zero line reject that failed, it didn't even cross the zero line on 15 minute chart. Second, the bollinger bands are starting to flatten, that's a sign of a possible consolidation. If this zero line fails, I expect the trend to go flat, or even reverse. My forex trading strategy for today is to enter on lower timeframe, the best would be a zero line reject, but it maybe a zero line cross too. Timeframes for entering are 1 hour, 30 minutes and 15 minutes, in order of importance.

Forex market trading yesterday saw the euro gain ground against the dollar on the statement by ECB'’s Chief Economist Otmar Issing - he suggested the ECB would further tighten policy if the economy continues to develop as expected. He also added that the Bank would not be guided by short-term developments, in response to a question on whether they would consider the recent equity declines.

The euro was pushed by Eurozone'’s trade balance yesterday - The Eurozone's trade balance unexpectedly rose into a trade surplus for March at 1.2 billion euros, compared with a deficit of 3.1 billion euros in February. Economists were expecting the deficit to remain unchanged at 3.1 billion euros.

Forex market trading more important reports for today are(all times eastern EST:

CHF Trade Balance (APR) 2:15 cons 0.40B prev 0.61B
EUR French Business Confidence Indicator (MAY)2:45 cons 107 prev 108
EUR French Production Outlook Indicator (MAY) 2:45 cons 1 prev 2
EUR French Consumer Spending s.a. (MoM) (APR) 2:50 cons 0.4% prev -0.6%
EUR French Consumer Spending (YoY) (APR) 2:50 cons 3.7% prev 3.5%
CHF UBS Consumption Indicator (APR) 4:00 prev 1.743
EUR Euro-zone Industrial New Orders s.a. (MoM) (MAR) 5:00 cons -1.0% prev 2.7%
EUR Euro-zone Industrial New Orders (YoY) (MAR) cons 5:00 prev 13.3%
JPY Tertiary Industry Index (MoM) (MAR) 19:50 cons -0.2% prev -1.5%
At 10:00am USA Fed Chairman Bernanke Speaks so be carefull.

Good trading everyone. That's all for today's forex market trading may23 preview.

Forex Market Trading May19 Aftermath

Forex Market Trading May19 Aftermath - The dollar gained more ground against the majors, gaining 70 pips against the euro and 132 pips against gbp. After the Bank of Japan Monetary Policy Announcement, on which the BOJ decided to left rates unchanged, the yen lost 76 pips against the dollar.

Forex market trading yesterday was basically just one big slide of the majors against the dollar (see chart - click on it to enlarge). The ZLR that I reported about earlier here forex market trading may19 preview, didn't follow through, but as I said I had some reservations about entering. The slide in yesterday's forex market trading began from the very start of europe open. I was looking to enter long, but the downtrend in euro just wouldn't stop. See how on the 15 minute chart the euro stayed below the ZL basically the whole day. When it broke the ZL at 17:45 CET (11:45 EST) it was too late in my opinion to enter long. The week close was too close, just a few hours away, and the didn't like the risk of holding that trade overnight, especially with the recent dollar gains. After that point the euro gained 30 pips in forex market trading to close at 1.2777. The gbp closed at 1.8797. The yen closed at 111.68.

Forex market trading this week saw the dollar gain against the euro and the yen for the first time in four weeks. It was also the first weekly gain against gbp after six loosing weeks. The US inflation data –and jawboning from French finance minister to a lesser extent —served as an effective means of slowing down the dollar decline. This week'’s forex market trading bounce in the dollar wasn't because of improvement in the currency's prospects but a drop in the value of commodities denominated in US dollars. Still the dollar has it's share of problems: trade deficit, central bank diversification, near end to Fed hikes, and possible yuan revaluation.

On the other side of forex market trading, we have The Bank of Japan expected tightening. The European Central Bank and The Bank of England also may raise interest rates. The future doesn't look promising for the dollar.

That's all for today's forex market trading may19 aftermath.

Forex Market Trading May19 Preview

Forex Market Trading May19 Preview - After the dollar fall yesterday to 1.2848 against the euro and at 1.8928 against gbp, we have a Woodies CCI ZLR pattern on the daily chart you see above (click on it to enlarge to fullscreen). It's not a clear cut ZLR as there's not much follow through not the way I like them. Gbp and yen don't have this pattern, chf has a similar ZLR but them again usd / chf is a mirror image of eur / usd. Still I plan to take this ZLR on lower timeframe with a tight stop, but I will use caution.

Forex market trading for today has a number of reports coming out, the most important will be Bank of Japan Monetary Policy Announcement, the expectation are the Bank of Japan will keep interest rates near zero, but forex traders will be scrutinizing the statements for any changes of the language the Bank of Japan will use. Of the other reports the important ones are:

Forex Market Trading May19 Reports -
EUR German Producer Prices (MoM) (APR) 2:00 cons 0.7% prev 0.5%
EUR German Producer Prices (YoY) (APR) 2:00 cons 5.8% prev 5.9%
EUR French Gross Domestic Product (QoQ) (1Q P) 2:50 cons 0.6% prev 0.4%
EUR French Gross Domestic Product (YoY) (1Q P) 2:50 cons 1.8% prev 1.5%
GBP Public Finances (PSNCR) (pounds) (APR) 4:30 cons -0.7B prev 16.0B
GBP Public Sector Net Borrowing (pounds) (APR) 4:30 cons 0.6B prev 7.0B
CAD Retail Sales (MoM) (MAR) 8:30 cons 0.6% prev -0.4%
CAD Retail Sales less Autos (MoM) (MAR) 8:30 cons 0.7% prev 0.3%

Good trading everyone, all comments are welcomed, that's all for this forex market trading may19 preview.

Forex Market Trading May18 Aftermath

Forex Market Trading May18 Aftermath - The dollar lost more ground against the all majors except the yen, falling 106 pips against gbp and 105 pips against the euro. However the dollar remained practically unchanged against the yen, gaining only 2 pips. The yen is weak across the board, it lost 124 pips against the euro and 120 pips against the gbp. Better than expected Gross Domestic Product figures in today's early forex market trading didn't help the yen, as it bounced back quickly to pre-repost levels.

Forex market trading yesterday saw another sign of usd slowdown in figures in the Philadelphia Fed Survey, the dollar lost more ground after that report. In a statement by Richmond Fed President Lacker in yesterday's forex market trading, Lacker expressed disappointment over the previous two rounds of inflation reports, saying they were higher than the Fed had anticipated. Plus he also said there was a fairly substantial flow of data from the last monetary policy meeting to the next and that unfavorable inflation numbers with higher inflation expectations will make a pause less likely.

However despite his comments the dollar lost more ground in yesterday's forex market trading The dollar closed at 1.2848 against the euro and at 1.8928 against gbp.

That's all for today's forex market trading may18 aftermath.

Forex Market Trading May18 Preview

Forex Market Trading May18 Preview - The Bank of Japan is starting it's Monthly Policy Meeting today. The Bank of Japan is expected to leave rates unchanged on this meeting. Forex traders are starting to speculate the Bank of Japan may increase rates in July instead of June. Still the yen is strong against the board. Above is a chart of the usd / jpy. Just like all the majors, the yen is retracing against the dollar. As it gets closer to the CCI zero-line we should see a decision of future market direction.

Forex Market Trading yesterday brought stronger than expected CPI see here Forex Market Trading May17 Aftermath. Still with the fed near it's tigthening cycle, and the Bank of Japan on the start of raising rates, the longterm bias is for yen to gain against the usd. However timing is just as important as direction, so I'm using caution.

Among today more important forex market trading news are: GBP Retail Sales, CAD Consumer Price Index, USD Leading Indicators, USD Philadelphia Fed Survey, JPY Gross Domestic Product and finally JPY Bank of Japan Monetary Policy Announcement.

Here's a more complete list of today's forex market trading news:

4:30 am UK Apr Retail Sales (ex 2.4%, prev 2.2%) 7:00 am CAN Apr CPI y/y (exp 2.4%, prev 2.2%) Apr Core CPI y/y (exp 1.8%, prev 1.7%) 8:30 am US Fed Board Gov Warsh Speaks. 8:30 am US Weekly Jobless Claims (exp 315K, prev 324K) Chicago Fed Pres Moscow Speaks. 9:30 am US Fed Chairman Bernanke Speaks. 10:00 am US Apr Leading Indicators Index (exp 0.1%, prev -0.1%) 10:45 am US Richmond Fed Pres. Lacker Speaks. 11:45 am US Atlanta Fed Pres Guynn Speaks. 11:45 am US St Louis Fed Pres. Poole Speaks on Yield Curve Inversions. 12:00 pm US May Philadelphia Fed Index (exp 12.0, prev 13.2). 5:30 pm Former Fed Chairman Greenspan Speaks.

We have some fed speeches today, so keep an eye out for them. That's all for today's forex market trading may18 preview.

Forex Market Trading May17 Aftermath

Forex Market Trading May17 Aftermath - The dollar gained against the majors in today's forex market trading. Usd gained 48 pips against the gbp, and 104 pips against the eur. The reason why the gbp took a smaller fall was the release of the BoE meeting minutes,instead of the anticipated 8-0 unanimous decision, six members voted for a no-change in policy, while two members voted in favor for a change in policy. Stephen Nickels voted in favor for a rate cut, while David Wilton voted for a 25-bp rate hike to 4.75%.

Today's forex market trading saw the gbp fail to breach the 1.90 level after the minutes release, and retreated in us forex market trading on strong usd inflation data. The April core CPI outpaced analyst estimates for a decline to 0.2%, instead remaining unchanged from the previous month at 3.0%. The headline figure also edged out forecasts for a rise to 0.5%, jumping to 0.6% in April compared with a 0.4% a month earlier. The fed said it will keep and eye on incoming data in deciding the upcoming steps.

The eur closed at 1.2741 and the gbp at 1.8821. That's all for Forex Market Trading May17 Aftermath.

Forex Market Trading May17 Preview

Forex Market Trading May17 Preview - Today we have another barrage of news coming out, both from eur and the us. Among the most important times for today's forex market trading are: 4:30 (all times EST), when we have a set of gbp data, especially The Bank of England Minutes, then 30 min later we have the eur Consumer Price Index and Industrial Production. In us forex market trading we also have the Consumer Price Index at 8:30 EST.

Forex Market Trading May17 major reports coming out:

04:30 UK Bank of England May MPC Meeting Minutes cons.8-0,prev 8-0
05:00 E-12 Apr CPI y/y cons. 2.4% prev. 2.2%
05:00 E-12 Mar Industrial Production cons. -0.3% prev. 0.0%
08:30 US Apr Core CPI cons. 0.2% prev. 0.3%
08:30 US Apr CPI cons. 0.5% prev. 0.4%
09:15 US Boston Fed Pres. Minehan Speaks
21:30 AUD Reserve Bank of Australia Bulletin

Forex Market Trading today should also see a volatile session. As you can see on my eur chart on top, I still am waiting for a signal to confirm a continuation of the longterm trend, so no longterm trading today, just daydrading. I might include a news strategy for days like these in my forex trading strategies.

That's all for today's forex market trading may17 preview.

Forex Market Trading May16 Aftermath

Forex Market Trading May16 Aftermath - The eur and gbp rebounded against the dollar in Forex Market Trading today with the eur gaining 61 pips and the gpb gaining 114 pips. We had an array of economic data coming out and that accounted for a volatile day.

In today Forex Market Trading we had the German ZEW survey come out at a reading of 50, while the consensus was 60, a fall after last month's 62.7 number. After the repost the eur hit a low for the day at 1.2769, but rebounded and it was trading at 1.2815 prior to the us open.

Forex market trading in us session brought a lot of reports and here are the results: The core PPI reading for April was slightly softer than expected at 0.1%, unchanged from March but weaker than the expected 0.2%. The headline figure meanwhile rose to 0.9%, edging both estimates of a rise to 0.7% and the previous 0.5% reading. Housing starts for April dropped to 1.849 mln units, compared with 1.996 mln a month earlier. The drop in the housing starts marked its lowest rate since November 2004. The April permits were down by 5.4% at 1.984 mln units, versus a decline of 2.7% from March, which marked its lowest rate since February 2004.

Forex trading saw the eur spike to 1.2866 on the PPI reports, and after some zig-zagging the eur closed the day higher at 1.2844. Gbp closed at 1.8870.

I didn't take any trades but was testing a new forex trading strategies called "The 10 minute strategy". You can read more about this forex strategy here or you can visit forex trading strategies SB forum for more.

That's all for today's forex trading may16 aftermath.

Forex Market Trading May16 Preview

Forex Market Trading May16 Preview - The majors got hit by dollar advance yesterday, with the usd gaining against all majors. Dollar gained 236 pips against the pound(from monday open) and 184 pips against the eur. Gold fell 34 $ to close at 678.20$.

In my opinion this maybe a temporary pullback, or it may be a complete reversal. See the chart for forex market trading may16 preview below. I'll let the chart tell me if the trend will continue or reverse. That's for the long-term. Today it's time for intraday forex trading strategies
You can still leave a comment about which strategy you want to be included and traded.

Forex market trading may16 preview for today brings a lot of economic reports. Here they are:

At 4:30 AM UK April CPI y/y (exp 2.0%, prev 1.8%) At 5:00 AM Germany May ZEW Current Situation Survey (exp 5.0, prev 2.9) Germany ZEW Economic Sentiment Survey (exp 60.0, prev 62.7) At 8:30 AM US April Core CPI (exp 0.2%, prev 0.3%) US April CPI (exp 0.5%, prev 0.4%) US April Core PPI (exp 0.2%, prev 0.1%) US April PPI (exp 0.7%, prev 0.5%) US April Building Permits (exp 2.045 mln, prev 2.094 mln) US April Housing Starts (exp 1.95 mln, prev 1.96 mln) At 8:45 AM NY Fed’s Geithner Speaks At 9:15 AM US April Industrial Production (exp 0.4%, prev 0.6%) US April Capacity Utilization (exp 81.5, prev 81.3) At 1:00 PM US Fed Board Governor Kroszner Speaks At 7:15 PM US Fed Chairman Bernanke Speaks

With this many reports on both sides of the Atlantic, it should be a interesting day. Now here the gbp chart to see what I was talking about here. The trend will probably resume, but it may just reverse, so I'll use caution and let the price give a clue of further direction.

That's all for this Forex Market Trading May16 Preview.

Forex Market Trading May15

Forex Market Trading May15 - Today at got stopped out of my gbp/usd long position. Total profit +0. As I said I had a profit of 130 pips at one time, but that's forex market trading, you never know when the markets are going to turn. I tried to re-enter a long, but too early, I got stopped out on that too, so -30 pips for today.

Thanks for reading my forex market trading reports and please feel free to leave a comment, ask questions etc...

Forex Trading - Weekly Analysis

Forex Trading - Weekly Analysis. This week I'll be focusing on the Gold market. Gold gained an amazing 70% in this past year and climbed from the 420-440$ range gained 300$ and closed yesterday at 714$. The weekly close above another significant round number - 700$, may mean new highs for gold.

Gold technically doesn't belong in forex trading, but many forex brokers offer trading gold spot alongside forex trading. Plus this market is so hot now, that it couldn't slip my attention.

So what's driving gold up? Or maybe a better question would be - What's not driving gold up? Just to recap 2 of the most recent moves: China will probably increase it's reserves of gold by 3-4 times and moves in forex trading, the falling dollar of course. Looking back little further: The Iran Nuclear Crisis was the major force behind the recent rally in gold. In times of insecurity, investors use the precious metal as a safe heaven. Plus rising oil prices as a result of the dispute are having an impact on gold, it is seen as a good hedge against raising oil prices. The dispute is not being resolved, and that just adds fuel to the fire.

Forex trading - The dollar fall had it's share in gold's advance. The metal rallied even amid a strong usd, now that task is much easier. And finally let's not forget basic supply and demand forces. There's simply not enough gold in the world. Demand is expected to exceed supply by far this year. Here's a good site for gold news/analysis.

Now here's the chart, technicals favor gold. Just look at that rally. Still the CCI seems a little stagnant so I would be careful not to buy gold without some confirmation. Timing is just as important as direction. A retracement is possible, but even then it should be short-lived, and the uptrend should continue.

That's all for this forex trading - weekly analysis. Thanks for reading, feel free to leave a comment and bookmark this site, so you can come back often.

Forex Market Trading May12 Aftermath

Forex Market Trading May12 Aftermath - As expected, the dollar lost more ground today falling 101 pips against gbp and 73 pips against eur. In my Forex Market Trading May12 Preview,
I said 1.90 in gbp will be hit soon. It was hit today, when gbp climbed to 1.8996-1.8999. It hit resistance there and fell, closed at 1.8945. That fall was partly caused by better than expected US trade balance report.

I entered at 1.8862, I found some support there. As I said in the forex market trading may12 preview, there was a good woodies cci signal - ZLR on gbp daily chart. The trade went well, and at around +50 pips I decided to go for brake even. Gbp rose to 1.90 as I said, I had a profit of +130 pips at one time, but I got to stick to the plan, the signal was at daily chart, so I should look for exit on daily, or if I'm stopped out by big adverse move. I'm currently at + 83 pips, unrealized profit. I normally don't hold trades over the weekend, but with the dollar being so weak, it seems ok, we'll see. My stop is at brake even.

Forex market trading for the eur went pretty much the same as gbp, it gained against the dollar too. Eur hit a hi of 1.2955 and closed at 1.2926. Obviously 1.30 is the next test level for the eur. The same goes for 1.90 for gbp.

That's all. Thanks for reading my forex market trading may12 aftermath.

Forex Market Trading May12 Preview

Forex Market Trading May12 Preview - The dollar rallied yesterday, after the boost by the report that didn't label China as a currency manipulator, and some fed hawkish statements yesterday, but that rally was short lived. The Forex Market hammered the dollar again, with the eur gaining 50, and gbp over 180 pips (after good uk data).

As for today forex market trading, I expect the trend in dollar weakness to continue. The major report to watch out for today is the US Trade Balance at 8:30 EST. The consensus figures are -$67 billion up from -$65.7 billion last month. Any fugure bigger than the consensus should push the dollar to new lows in the coming days. In my opinion, we should see 1.30 in eur and 1.90 in gbp very soon.

Here are the charts for today's forex market may12 preview. The eur and gbp are both in uptrends that should continue. Cable just made a nice ZLR Woodies CCI pattern on daily. I'll try to enter in it's direction today. Thanks for reading my forex market trading may12 preview.

Forex Market Trading May10 Aftermath

Forex Market Trading May10 Aftermath - Hi all, first of all I wan to apologize for not posting this sooner. I had some technical problems that were out of my hands. Here's the Forex market trading aftermath. -The Fed raised the interest rate to 5%, a move expected by all. With a little more hawkish tone, or rather keeping it's hawkish tone all in an attempt to stop the dollar sell-off. This attempt seems to have failed for the time being. The dollar rally was short lived, the eur gained 50 pips and gbp 180 pips.

Here is my trade after the news, I took a ZLR on gbp 15 min chart.



That's the results for Forex Market Trading for may10.

Forex Market Trading May10 Preview

Forex Market Trading May10 Preview - I expect the market to be quiet tomorrow up until the FOMC rate decision at 14:15 EST. The majors should stay in tight ranges awaiting the decision.

Two possible reactions of forex market trading to the FOMC rate decision: 1. The FED keeps the terms used in earlier statements that are somewhat hawkish - positive for the usd.
2. They back down and suggest the the cycle of interest rates increases is nearly over.

There almost unanimous consensus that the FOMC will raise interest rates by 25 points at this meeting, so that is already priced into the dollar, so the focus will be as I said to the statements about future interest rates increases.

Another important event is the decision that forex market trading will be focusing on is -Will US label China as a currency manipulator? Report is due at 16:00. This report is more important for the usd-yen than the others.



Forex market trading may10 preview for the eur-usd pair.


So to sum it up,forex market trading may10 preview: expecting range trading until the reports, then will try to catch the first wave.

Forex Broker and Forex Trading Platform

Choosing a forex broker is one of the more important parts of forex trading. It may seem like a purely technical issue, but choosing forex broker can have a big impact on your final profit statements.

My advice would be to check out as many forex brokers as you need to make a decision and don't rush into this decision. The good part is almost every forex broker offer a demo forex trading platform. Don't trade with a forex broker for real money unless you have testing their forex trading platform first. The advantages or disadvantages of the forex broker can become apparent at this stage. The forex trading platform may not be right for you, you may not be able to place orders fast and accurate enough. Different forex brokers offer different orders: market orders, limit orders, OCO orders etc... Be sure that your forex broker has all the orders and features you'll need.

I'm using metatrader 4 forex trading platform. It's free, has a lot of indicators, a backtesting capability and is extremely easy to use. You can get the metatrader 4 forex trading platform here. SB metatrader platform is not a real forex broker platform, but it implements several forex broker data feeds to come up with it's prices, so you may need to find a forex broker that offers metatrader 4. A lot of forex brokers use this forex trading platform, so it shouldn't be to much trouble finding one. Alternatively you can use metatrader forex trading for analysis and enter your orders with a different forex broker.

Aside the forex trading platform, there are a number of issues with the choosing a forex broker. Again it all depends on your trading style. If you trade the news, you'll want a forex broker that guarantees orders during and after the news, and that has a fixed spread that doesn't change in volatile conditions.

If you're a scalping, you'll want a forex broker that allows this type of forex trading, and that has really tight spreads. If you're an aggressive trader you may want a forex broker that offer bigger leverage and margins, like 200:1 or even 400:1. On the opposite side if you're a conservative forex trader, you may want the opposite. If you're starting small you may want a forex broker that allows fractional forex trading ( this type of forex broker let you choose how much you want to bet, and basically you can choose trade 0.1$ per pip or even 0.01$ per pip).

There a lot of forex brokers you can choose from, give several of them a try before committing real money with them,but be sure to choose the forex broker that is right for you.

Forex Online Trading - The topics of my forex blog

The focus of this blog is the Forex Market. This forex blog has mainly 2 functions. The first is to keep track of my forex trading and the testing of different forex trading strategies, and the second a useful tool to help learn how to trade forex for those new to this great market. For those new to forex, I plan to keep adding new forex articles, mainly during the weekends when I have time off from my forex trading.

As I said the focus will mainly be on my forex trading and testing different forex trading strategies. I claim no right to the forex trading strategies that will be presented here, because most of them are not even mine, but are found floating on open forex forums.

Besides marking my trades as most of the forex blogs focus on, I will also keep track of several forex trading strategies that I found to the worth the effort. I'll mainly track around 5 different forex trading strategies at a time. Old forex strategies will be abandoned if they prove not profitable, and new ones will be added.

I have 2 forex trading strategies that will monitor and I'm looking around the web and testing new ones to include. So please share your comments as to which forex strategy you want to be included here for evaluation and monitoring. Please also post the link where that forex strategy is located.

The two forex trading strategies are "Woodies CCI System" and "Simple combined brakeout system for eur/usd and gbp/usd by Hans123"

When I have time I will post a brief explanation of the rules of these forex trading strategies, in the meantime click the links and explore.

Besides focusing on forex trading strategies, and a section about learning forex trading, I will also post some forex news that I find important as well as recommend forex books that I found useful.

Good trading and big profits to all and remember have your say about which forex strategy you want to be included. Thanks.

Forex Online Trading

Forex online trading has exploded during the last few years both in volume, but more important in the number of participants. The real revolution in forex online trading happened when together with banks and large financial institutions, individuals got to participate in the market.

Here are some of the advantages that make forex online trading the best market to trade.

1. Liquidity - The forex market is a 1.9 trillion $ market - the biggest and most liquid market in the world
2. 24 hours trading - Forex online trading follows the sun around the globe - Starting with Australia , Japan , Europe and ending with The United States. From Sunday night to Friday late in the day , the Forex market is always open.
3. Leverage - One of the big advantages of forex is it's leverage which can go from 1:1 to 400:1 and yes , you choose the leverage and you can adapt it to your style of trading , whether it's aggressive or conservative. Different brokers offer different leverage so be sure to choose the one that's right for you. Remember more leverage means bigger gains as well as bigger losses
4. Fractional trading - The forex market is a decentralized market - This means that there's no regulators , and no standard contracts like there are in futures markets. Basically in forex online trading you exchange money with another party. You choose what amount of money you exchange. There are a lot of brokers offering fractional trading. This basically means you can make your pips as big or as small as you want - You can make 1 pips= 1$ , or 1 pips=100$ or even 1 pips=0.01 $. It's all up to you.
5. No commissions - In forex trading there are generally no commissions, most forex brokers make their money of the bid/ask spreads.

This is just a brief introduction to those that might be new to forex. This blog is both for those new to forex as well as experienced traders. In my next post I'll explain what this blog will be mainly focused on.

Remember this blog will be updated constantly so be sure to bookmark this page and revisit it often.


Good trading and big profits to all!