Take Trading to a New Level.

Forex, abbreviation for foreign exchange market has got the potential that can facilitate you to bring in huge profits. This is the main reason behind many people investing their hard earned money in the Forex market. To become a good Forex trader you need to have a trading platform. With the growing technology, various software makers have come up with Forex robots that are automated Forex trading platforms. These trading robots trade automatically for the Forex trader and they make your, buying and selling of currency much easier as well as they allows the trader to trade automatically even if you are miles away from your, trading desk.
Forex trading robots are supported by an extensive range of trading tools that endow you with a few techniques that can be incorporated in the trading kit of the trader. While there is a little problem faced by the traders using the traditional platforms, Forex robots bring hearty latent that alleviates the trading pressure of the traders.
For the trader there are lot of jobs to be performed such as keeping an eye on the market, evaluating the movements of the market, reading the indicators and signals and finally placing the orders to the broker to continue the trade. However, with the help of the trading robots the trader can just settle down for the reason that all the jobs of the trader are being done by the robot.

What Are Forex Robots

Forex market is a highly competitive market whereby buying and selling of foreign currency takes place. Thus, in this extremely competitive market, its not only traders or investors who want to grow but also the brokers wish to offer their services to the maximum investors and the traders.With an intention of attracting more and more clients, these brokers offer various trading platforms to the traders that provide several trading facilities. Forexbots or Forex robots are the programs that are being designed for the trader to carry on his trade in the market by using the data and the arithmetical representations thus; it evaluates each and every move in the trade and gives the trader a profit making deal.

Work Wonders in the Forex Market

If you are beginner in the forex market and dream of making handsome results, it is very important to go for the forex robots. They will help you a lot in the forex market if you are not aware of the facts of the forex market.
These forex robots are the automatic trading platforms which perform the trading moves in the forex market. These platforms are programmed by the developers and they know the good and the bad time for trading. So if you are new to the market and don't have much knowledge to find out the right trading opportunity to trade they will certainly work wonders for you and you can make good profits. It is also beneficial in those conditions when you are not present for trading and very good opportunity falls your way. These robots will take the advantage of the change in the market and will take the trading decision on their own thus protecting you from eventually loosing the profit move.
Forex market is a 24 hour market thus anything can happen anytime but you cannot be there to watch the market position all the time and, hence in your absence you risk losing those important moves of your forex trading. This problem is greatly resolved by these automated trading platforms and, hence proved a wonder in the world of forex for both the beginners as well as the experienced traders so that they can earn well and can pay attention to other priorities as well at the same time.

Making Trading Easy

Seeing the popularity and potential of forex market, several software developing companies have entered the arena to make automated trading platforms. Basics requirements that a trader need to satisfy for entering forex trades is a trading platform and of course a forex trading account. Forex trading platforms are used to gaining access to your account and place the orders of trades to your forex broker. However, these platforms were not automated but now hi-tech trading platforms are available in the markets. Such automated platforms for currency trading are called as forex robots.
A forex robot can trade automatically without making any error throughout the day. Another advantage that makes trading with a robot very interesting is that it is based mathematical models and therefore is able to judge the beneficial trades in advance and enter and win it. Such software is designed in such a way that could control your, trading. Just turn on trading on this robot and relax. This software could enter and exit trades automatically thereby eliminating your job to keep a watch over market updates, trends, forex charts, signals, indicators and a lot more.

Revamping Currency Trading

Forex market has, time and again proved itself as a superior means of earning good income. This trading market is the biggest financial market in terms of liquidity. On an average, each day, forex market gathers about three trillion dollars trade, which is much bigger than other financial market. Due to this wide popularity of this market among investors, more and more service providers and software developers have entered the market and have made several developments. One such development in forex market is the availability of software that has transformed the way trading was done earlier.
Forex trading is done online and market remains open for 24 hours a day. However, it is physically not possible for a trader to keep on trading for the whole day and this is why they were missing a lot of potential trading opportunities. However, software like Forex robot has completely eliminated this problem. With a forex robot, traders could trade currencies round the clock without any hassles.
Forex robots are automated trading platforms that could trade automatically on behalf of trader. So, now, whether it's nighttime or daytime, a trader would never miss a trade opportunity. Even, he is not required to sit on his trading table. He just has to turn on his forex robot and he could enter forex trades and do nothing else.
Such platforms are based on mathematical models and therefore could assess potential of any upcoming opportunity. Since it is a computer program human errors will never arise. And emotions, that are considered the biggest enemy of a forex trader, shall never affect his/her trading.

New forex trading platform launched

MUSCAT -- With an average volume that ranges between $800 billion to $1.5 trillion per day, the forex market holds as much potential for large scale traders such as central banks and commercial companies as as it does for individual investors, an industry expert said.

"Our goal is to give investors in the region a convenient way by which they can engage in forex trade and benefit from the wide gamut of advantages and opportunities the market offers, especially during this financial downturn," Amani Choudhry, CEO, Mayfair Wealth Management, said in a statement.

Mayfair Wealth Management (MWM), one of the leading financial and investment advisory services providers based in the Cayman Islands, has launched its foreign exchange (Forex) trading platform. For a minimum investment of $25,000 an individual can invest in the largest and most liquid financial markets in the world, which has not been affected by the ongoing crisis.

"The global economic slowdown has significantly affected global investments, with a majority of individuals and corporations putting their investment plans on hold. While investments in other financial markets are witnessing a steady decline, we are advising investors to place stake in Forex due to high liquidity and trading volume, in addition to price volatility in this market," Choudhry said.

In addition, the company is also set to conduct free training sessions on the alternative investment avenue to educate traders on how to open a real live account as well as buy and sell on 'Forex' professionally and confidently.

"By using our newly-launched Forex trading platform and availing of our free training sessions, investors can get a better understanding of the forex world, what their trader is doing on a day to day basis with their money or learn to trade themselves," she added.

The unveiling of the new financial trading platform, which will also be offered via 'Ameerah', the first truly bespoke wealth management service targeting female investors in the Middle East, is in line with the company's aims to provide an asset class that will allow investors to stop trading and 'cash in' at any given time.

The training will include lectures on the origins and evolution of 'Forex', where and how brokers execute orders for clients, how to use the platform and start trading, and the advantages of 'Forex' over other investment instruments.

Classes on the currencies quotation system, trading margins, main currency markets, and trading strategies will be provided as well.

Furthermore, classes for lady investors will also be made available through Ameerah.

Offering online currency trading and phone dealing from Sunday to Friday using a proprietary trading software that guarantees competitive pricing and execution, MWM's 'Forex' trading platform offers low spreads interest point. The software offers four online trading platforms for maximum flexibility, and allows instant access from the investor's home, office or anywhere with an Internet connection.

Company officials also revealed their optimism that the seminars which are set to take place in Dubai, Abu Dhabi, Sharjah and Bahrain will generate good response from investors, and that they are open to offering training to other markets as the demand arises.

MWM was created to meet the investment needs of high net worth individuals around the world and provides investment advice on products, appropriate investment vehicles and investment strategies.

Forex marketing has a strategy that many traders overlook.

Forex marketing has a strategy that many traders overlook. The prime strategy, which many forex traders believe is the key to profiting in the forex industry is the buying low and selling high strategy. Unfortunately, these traders are wrong, since it is a key to loosing instead.

Support in forex industry is when chronological value or pricing comes in from traders who “Buy.”

The mission behind buying is to provide support for the forex market exchange, as well as to analyze, examine, experiment, investigate, etc, the markets in forex currencies and exchange. Each time the traders test forex, it authenticates support.

Resistance becomes sizeable in the forex industry only when the levels of “resistance” is charted, i.e. at what time the levels of forex value, or pricing refuses to give in to jumping to a higher listing.

For this reason, at what time forex traders venture on buying low and selling high, they are making a big mistake. Traders who delay in forex trading markets will often recoil, or retract at the time some of the biggest deals transpire in the forex industry.

In short, the trends are what traders want to stay aware to, yet most traders will resist. Why, because the traders often feel uneasy at the times when other traders resisting buying and selling in forex.

Now, if you want to get ahead in forex trading and use strategies to win, I recommend you to visit Forex Success Tips. There you will discover some magic to beat the forex.

Forex Signal

Whether you are a beginner or a seasoned trader, we have a service to fit your needs. Do you have a hard time understanding when to get in the market, or is your exit points that need help? There are hundreds of forex signals services on the market, but most are not worth a dime. We only work with the best. We screen them with the strictest parameters - ensuring their performance is real.

These signal providers may send signals by e-mail, voice, cell phone, or a live trading room. We will provide you with a list of the best Forex services available to best suit your trading needs.
Some traders prefer an auto trade type of system which does the trading for you, like FX-System Center, an excellent way to go. We work with a number of providers of auto-trade services which include state of the art software that will execute trades in the Forex market for you. You can learn to trade many different styles throughout the trading day. You can join live chat sessions with live calls in voice chat rooms with professional traders and learn how to trade the Forex market yourself. The options are all available, and now you know where to look.
Forex Brokers
Finding the right Forex Broker may be the difference in coming out ahead in the long run. FX brokers are your sole connection in this huge market and you have to put a lot of faith in them. We provide you with the top forex brokers and broker reviews to help you decide during this selection process.

Forex Rebates
What are Forex Rebates? FX Rebates are a payout for the volume of trading you run through your Forex Broker. These rebates can add up to a significant amount capital if you are trading in the Forex Market. If you are going to trade, you might as well get paid to trade. You are going to pay a spread or commission either way you look at it, so it only makes sense to earn Forex Rebates as you continue your trading.

Forex news trader

Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.

Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.

Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.

Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.

USD/JPY Daily Commentary for 5.4.09

The USD/JPY is trying to build on Friday’s bounce, flirting with the idea of retesting 100 while the S&P futures battle their own demons at 900. Unfortunately, yesterday’s run was backed by light volume, meaning the currency pair’s current upswing could be short-lived. The USD/JPY encounters its first test in our 3rd tier downtrend line, followed by March highs. We notice a head and shoulders formation with the USD/JPY on its right shoulder as we type. Therefore, bulls will be looking for any near-term upward movement to be supported by heavy volume if the currency pair is ready to surpass 100 and April highs.
While the upside has its apparent hurdles, the downside is backed by our 2nd tier uptrend line and the resilience the uptrend has shown thus far in 2009. The USD/JPY’s re-approach of 100 comes with the S&P futures attempting to climb above their critical 900 level. Therefore, the significance of the moment is relayed by each as investors await Thursday’s ECB meeting and the release of America’s stress test results.
Fundamentally, we find resistances of 99.79, 100.56, 101.43, 102.14, and 103.15. To the downside, we see supports of 99.20, 98.56, 97.98, 97.11, and 96.33. The 100 level serves as a key psychological barrier with 95 acting as a psychological cushion. The USD/JPY is currently exchanging at 99.42.

Trade Idea: USD/JPY - Sell At 95.50

Despite rising to 95.90 last week, the subsequent sharp retreat from there on Friday suggests a top has been formed there and correction to 94.01 support is likely, however, the greenback should find renewed buying interest above 93.81 (50% Fibonacci retracement of 91.73 to 95.89) and bring a rebound later but said resistance should continue to hold and bring another decline.

In view of this, we are still trading both sides of the market, buy on further fall towards 94.01 or sell on recovery to 95.40. Only a clear break of 96.15/20 (the confluence of 100% projection of 91.73 to 94.80 measuring from 93.09 and 61.8% Fibonacci retracement of 101.45 to 91.73 at 96.16) would extend recent upmove to 96.60/70. Below 93.81 would indicate the rise from 91.73 is over, then decline towards 93.09 support would follow.

Trade Idea: GBP/USD - Buy At 1.6665

Recent upmove gathered momentum after breaking 1.6587 resistance last Friday and the British pound rose to as high as 1.6780 this morning before easing. Friday’s rally caused the Tenkan-Sen to cross above the Kijun-Sen, providing a buy signal and although pullback to 1.6665/70 cannot be ruled out, the Tenkan-Sen (now at 1.6626) should hold and bring another upmove later towards 1.6830/40 but price should falter well below 1.6915 (100% projection of 1.5983-1.6587 measuring from 1.6338)

In view of this, we are still looking to buy cable on pullback and only a clear break below 1.6627 (50% Fibonacci retracement of 1.6474 to 1.6780) would defer this bullishness and risk correction towards the Kijun-Sen (now at 1.6559) which is likely to hold from here.

BSE Picks Up 15% in United Stock Exchange

The Bombay Stock Exchange (BSE) has revealed that it has purchased 15% stake in the United Stock Exchange (USE), a new entrant in the currency derivatives space.

The sources said that the company, which is having a paid up capital of Rs 150 crore, will now function as a BSE group company. BSE's investment will be Rs 22.5 crore, a 15% of the paid-up capital.

The sources further added that HDFC, Bank of Baroda, Federal bank, Union Bank of India, Allahabad Bank and Bank of India are existing shareholders of USE.

BRITISH POUND / US DOLLAR

EURO / US DOLLAR

Until Dollar Traders Take in the NFPs, the RBA, ECB and BoE will Guide the Market

There is a lot of data scheduled over the coming week; and much of it holds the kind of market moving impact that could trigger breakouts. This is fortunate for those that love volatility; because many of the majors are resting on major anti-dollar support levels. All these individual releases aside though, the dollar will be put on the spot light immediately upon the open of Monday’s session in the Far East.

The benchmark currency ended Friday with its lowest close since September 30th. Traders will demand either a retracement or breakout to relieve tension; but it is very likely that this may be based upon pure speculation or risk appetite. This means the US Non-Farm Payrolls report will not lead the symbolic breakout or reversal; but it will likely still have a considerable impact. Ensuring the dollar isn’t the only fundamental mover for the week, we will see two general themes from the calendar. In addition to US payrolls, there are employment change numbers scheduled for Canada, Australia and New Zealand. The other commonality will be rate decision. The RBA, BoE and ECB are all due to deliberate rates and offer statements; and each holds a significant sway over its regional currency..

• RBA Rate Decision – Aug 4th (04:30 GMT)
The Reserve Bank of Australia’s rate decision is the first of the three policy announcements due over the coming week. Of the 19 economists polled by Bloomberg, all believe Governor Steven’s board will keep the benchmark unchanged at 3.00 percent. There is further little disagreement from the market as overnight index swaps are pricing in a negligible probability of any change. Considering previous central bank activity, this seems the likely outcome; but there is always room for surprise – and a hike or cut would be a major catalyst. However, the real influence from this event will likely come from the commentary that follows the announcement. Speculators are ready to believe the central bank is done easing and the next move will be a hike. Confirmation of these predictions (and more prominently, a time frame said hike) would go a long way in for Aussie strength.

• Bank of England Rate Decision – Aug 6th (11:00 GMT)
There is almost no possibility of either a hike or cut from the Monetary Policy Committee next Thursday. Further cuts are naturally limited by the fact that the benchmark is already at 0.50 percent and further easing would essentially usher in a ‘zero interest rate policy.’ And, more to the point, an additional 25-50 basis points of easing would impart little, additional support to the economy. Instead, rate watchers will be looking for any changes to the central bank’s bond purchasing scheme. At the last meeting, the program was kept at 125 billion pounds, suggesting to some that they were not doing enough to revive the economy while others took it as a sign that they were taking the first step towards hikes. The latter prediction is a very long ways off; but the speculation stands. Prime Minister Brown authorized 150 billion; so there is an easy an easy buffer for expansion without sparking fear that the central bank is losing control of the situation. Alternatively, holding steadfast without the proper commentary may strike the market as foolhardy.

• European Central Bank Rate Decision – Aug 6 (11:45 GMT)
Though it does not carry the rates of its Australian and New Zealand counterparts, the euro is backed by one of the highest interest rates among the majors. What’s more, speculation of near-term hikes has gained more traction with the ECB than with nearly every other central bank in this echelon. However, from a fundamental perspective; it would be very ambitious indeed if there was a move to hikes within the next few months. The Euro Zone’s largest economies (Germany and France) seem to be stabilizing; but many of its other members are still mired in recession. Without consumer spending to truly catalyze expansion, banks expected to deliver write downs over the coming year and Eastern Europe threatening to spark a wave of defaults that could swamp the broader credit market once again; there is a good argument for retaining a ‘wait-and-see’ approach.

• Canadian Employment Change (JUL) –Aug 7 (11:00 GMT)
Over the past two months, the Canadian employment data has had a significant, absolute impact on the loonie. However, there are factors working against this release. The first issue to take account of is that it is released on a Friday. There are only a few hours of deep liquidity left before the market thins out for the weekend. This means a fundamental surprise needs to be significant enough to overcome the market’s summation that it is unlikely that a meaningful trend will be born from this individual release. What’s more, with the US labor statistics due out just an hour and a half later, the market often overlooks this indicator (especially for USDCAD) to see how healthy US consumer demand will be for Canadian exports. Nonetheless, this employment data will be vital for benchmarking Canada’s recovery; so expect a short-term and long-term impact.

• US Non-Farm Payrolls (NFPS) (JUL) – Aug 12:30 (12:30 GMT)
While different indicators and events go in and out of fad as the markets change; the US payrolls report seems to consistently hold near the top of the market-movers list. The July release will be no different. Looking ahead to the week, the dollar is on the verge of a new trend; but it would be a long wait to hold out until Friday before direction can be found. The technical landscape will likely be very different by the time this event is released; but the impact will still be the same. This is a leading growth indicator; but it doesn’t have the same influence as say the 2Q GDP release in providing scope for how the US will further influence the global economy. This means, barring a major surprise (a reading 200,000 or greater above or below the consensus), this is likely to have a straightforward impact on price action. The consensus calls for a 345,000-person cut in payrolls for the month of July. This would be the smallest drop in 10 months and further expectations of stabilization and the fabled recovery. However, the devil is in the details; and an unemployment rate near 10 percent doesn’t point to growth.

G20 Summit and U.S. Consumer Sentiment Set To Dominate USD Trading

Today's upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import Prices indicator at 12:30 GMT, and the publication of the U.S. Consumer Sentiment indicator at 13:55 GMT. Forex traders are advised to open their Dollar positions now in order to make profits as today's events unravel.
USD - Dollar Drops despite Positive Data from U.S

The Dollar's downtrend continued yesterday as the USD dropped against all the major currencies. The Dollar's most distinct bearish trend was marked against the GBP, as the pair was traded as high as the 1.6620 level.

In accordance to what appears to be developing into a pattern, the USD dropped in spite of some positive figures published from the US economy yesterday. The weekly Unemployment Claims report, which measures the number of individuals who filed for unemployment insurance for the first time during the past week, dropped for the fourth time in a row, this time to 601K. The figure is still quite large, and is far from depicting a strong, recuperating economy. However, the trend surely seems to favor the U.S. economy.

The U.S. Retail Sales figures were also published on Thursday, showing a 0.5% increase in the total value of sales at the retail level. This figure reflect a state of mind in which US consumers feel more comfortable to spend, which means they have more confidence that their financial status will improve with time. This kind of behavior is imperative in order to pull the economy out of recession, as only a better cycling of funds has the ability to create a real change in the current gloomy economic conditions.

As for today, there is the G20 Summit in Berlin Germany. Additionally, a batch of data is expected from the US economy, and traders are advised to focus on two main reports. First, the Import Prices which is scheduled for 12:30 GMT. This is one of the earliest publications that try to predict the level of inflation. Traders should also follow the Consumer Sentiment report, as analysts forecast another positive figure for this indicator, which can further support the notion that the U.S. economy returns to the fast lane.

EUR - EUR Looks to Finish the Week Strong

EUR trading on Thursday was highlighted by the EUR/USD climbing back above the 1.4100 level. In a week that was showing bearish movement on the oft-traded pair, the Euro rallied to make up ground on last weeks closing, as it trumped both the greenback and the Yen. Yesterday's push came shortly after the release of US economic data. Positive change in US Retails Sales and Unemployment Claims did not impress enough to drop the EUR for the USD, as the pair went bullish, as traders bought back into higher-yielding assets.
Early Thursday morning, saw the release of the European Central Bank's (ECB) Monthly Bulletin, which reveals data gathered by the ECB Governing Board on the state of the Euro-Zone economy. The report helped get the ball rolling on a bullish EUR trading day.
Traders can look toward Industrial Production at 9:00 GMT and a speech by ECB President Jean-Claude Trichet at 11:30 & 15:30 GMT for some indication to how the rest of the day will go for the EUR. Traders should also follow news from the opening of the G20 Meeting in Berlin, Germany throughout the day for any clues on policy that could add volatility to the forex market.

JPY - JPY Moves on Market Volatility

The Yen's high volatility continued yesterday, as it saw contradicting trends against the major currencies. On one hand, the JPY rose 15 pips against the USD yesterday, as the pair closed at the 97.75 level. On the other hand, the Yen dropped over 50 pips against the EUR, closing at 137.86 level.

It appears that lately the Yen is mostly affected by its counterpart currencies. The USD is currently very weak, and thus the Yen consistently appreciates against it. However, the EUR seems quite strong, and its recent appreciation has pushed down the JPY.

Looking ahead to today, traders are expected to follow the main news events from the US and Western Europe, and the commencement of the G20 Meeting in Germany later today. Traders are advised to follow these events very closely as they may set the pace for JPY trading later today.

Crude Oil - Oil Eyes $75 a Barrel

Crude Oil's bullish trend continues as the price of Crude continues to rise. Oil rose 42 cents to finish trading at $72.39 yesterday. The main reason for Crude's bullishness was the positive economic data released from the US economy. The weak Dollar also helped push up Oil prices yesterday. In addition, the International Energy Agency corrected its demand projection and increased it to 120,000 more barrels a day.

The bullish trend of Crude Oil looks to continue, with the potential of reaching $75 a barrel. Traders should follow the data published from the US, and news coming out of the G20 Meeting later today, as these factors are set to play into Crude Oil's bullishness later today.

Forex 4-Pack

Forex 4-Pack - Bill Poulos spent the last few weeks making updates to what is probably his most popular Forex training material - the “Forex 4-Pack”.
This report is now 100 pages and it has more actionable Forex tactics than many courses you have to PAY FOR. A lot of folks ask me why he gives away so much high-value Forex material. After all, he could be charging for this.
The reason he does this is simple: He wants to prove to you that trading Forex doesn’t have to complicated, and he also wants to give you a chance to experience his style of teaching.
Most of you may know or have heard of Bill Poulos, a thirty+ year ‘veteran’ of the financial markets. Bill Poulos has been trading the markets since 1974. What separates Bill Poulos from other ‘to-be gurus’ is that he began as a trader and has learned the hard lessons himself and developed the discipline that’s necessary to be profitable on a sustained basis.
In his over 30 years of trading experience, Bill has developed dozens of trading systems and methods. Bill Poulos is the creator of Instant Profits, the Quantum Swing Trader, and most recently the Forex Profit Accelerator. His products come highly recommended and his systems are based on a solid understanding of the market.
He prides himself on providing honest and realistic trading education, and is known for the continuous and ongoing support and follow-up he offers his students. So I am sure that Bill will have no objections if I share this information with you. Here’s the link to: Stop Day Trading Forex - Spend Less Time, Get More Pips.
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FX UPcoming

Euro Erasing Gains, Pound Finds Support From Higher Retail Sales

The Pound continued its steady march higher reaching above 1.6500 after bottoming at 1.6309 yesterday. A 1.2% jump in retail sales help provide support but wasn’t the catalyst for the move. Consumer consumption rose after an unexpected 0.9% fall in May as apparel sales skyrocketed by 4.7%. The U.K. housing market also saw signs of improvement with home loans rising to 35,325-the highest since March, 2008-according to the British Banker’s Association.

The rise in mortgages confirms the BoE’s lending report which called for improvement in home loans in the months ahead. However, the report also stated that credit for consumers and businesses continues to remain a challenge which could increase the chances of further quantitative easing from the central bank. However, yesterday’s minutes from the MPC’s last policy meeting indicated that they are leaning toward ending the asset purchase program but will wait until they can better assess the impact of current actions. We should get further insights at the August meeting when the central bank will release its quarterly inflation report. Until then we could see sterling continue to remain range bound between 1.6000 and 1.6700 which could spell weakness ahead.

The Euro has started to erase earlier gains after reaching an intra-day high of 1.4267 as traders appear reluctant to become too bullish. There is still a fair amount of uncertainty pertaining to a global recovery and although there have been signs of improvement; broad based unemployment has limited the expected potential for a rebound in growth. The Euro-Zone current account showed that demand from abroad remains weak as exports fell by 5.9%. However, on a seasonal adjusted basis the deficit narrowed to -1.2 billion from -6.1 billion as it showed a surplus in the goods account. Meanwhile, French business confidence rose for a fourth straight month to 78 from 77 on improving household demand supporting the notion that the regions’ economy is stabilizing. Technically the support/resistance line at 1.4180 continues to be a key level and could limit downside risks today. Yet, if the Euro continues to remain range bound a re-test of 1.3900 remains a possibility over the near-term.

The dollar has come under some pressure overnight as we have seen an increase in demand for risky assets. Earnings season for the most part has been positive outside of Morgan Stanley’s loss yesterday which has limited downside risks. Today we will have several; blue chip names report including 3M, AT&T and McDonald’s which could impact sentiment. Regardless jobs and housing data today will generate significant focus as they still remain as the critical elements in a recovery. Initial jobless claims are expected to increase to 557,000 from 552,000 which could dampen optimism as unemployment is expected to continue to rise until the end of the year. Meanwhile, existing home sales could add to the signs that the housing market is stabilizing with an expected 1.3% increase in June.

Forex is actually the foreign exchange and deals in the goods, services and currency trading. Forex trading has gained prominence with the passage of time and more and more people have started chasing the trend. This concept of forex is purely based upon investment whether they are small, or big one.

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Currency trading is the chief work undertaken in this market and thus, great risk factors are involved with them. It is also said that it reflects the true financial and economic condition of the country in a defined way. Moreover, currency trading also highlights the factors connected with the assets that country store.

It is generally said that forex is a very volatile market and prices fluctuate very quickly in fraction of seconds. So, while trading meticulous concentration should be paid so that you do not miss out any prominent moment where price has gone steeply upwards. This is considered as the most important forex trading strategy which can bring you huge sums of profits.

As per the different forex trading signals, emphasis must be paid upon the mediums through which you can get instant information. Thus, internet and mobile phones can serve the purpose in the most appropriate way. These different forex trading signals can get you access to the forex alerts all 24/7. This makes them highly convenient and hassle free service mediums.

Forex strategy system works on the economic driving force of demand and supply concept. Once the demand f any product increases steeply, it directly influences the supply side. On the overall picture of the forex trading system, it highlights the profitability of the forex market.

Forex alerts are also needed for the awareness about the changes that take place in the financial market of forex forex signals so that economic feasibility of that country can be determined accordingly. This in turn helps the economists for analyzing the different trends that influence the market. They after bring the new theories of economics that can help in understanding the forex strategy system in a better way.

Currency trading also help in exchanging the most used currency in which most of the trades of the country can be undertaken. In case, company wants to trade with any other country, at that time it requires its currency so that it can further undertake the business. Also, currency trading forms a vital part of investment that can help to earn profits.

Forex signals, forex strategy system, forex trading signal, forex alerts, forex signal and current trading are all important components often market of forex and influence the financial position of a country in a big way. So, Forex signals, forex strategy system, forex trading signal, forex alerts, forex signal and current trading should be studied in details so that you can trade in the financial markets in the most appropriate way.

SigmaForex

SigmaForex helps a various groups of partners around the world to enlarge their business and expand the full potential of the Forex market. A dedicated Partner Services team supports Sigma partners with a full range of account management services

Why Trade Forex?

There are plenty of good reasons to trade Forex, and if you have experience trading stocks or futures, you have a definite edge over the crowd. Let's take a look at why you should consider this market:

Huge Leverage
Incredibly, you get can 200:1 leverage on Forex pairs. In a mini account, $50 controls a $10,000 position! $500 controls a $100,000 position. This obviously means potentially huge profits. But what about the risk?

Limited Risk
With Forex, your stops are always honored, even on gaps. If you have a position on into the weekend and it gaps against you Sunday night, you will be filled at your stop price -- provided you have a stop in place. Plus, if your account should go to 0.00, your broker will automatically close out trading, so you can't possibly lose more than your margin deposit. If you've ever had a maintenance call from a broker, you'll appreciate this.

24-Hour Trading
If you just can't get enough trading out of your system during regular NYSE trading hours, you'll love the fact the Forex trades 24 hours a day, from the beginning of the Japanese session Sunday evening about 8 PM EST to the end of the US session on Friday at 4:00 or 5:00 PM EST. European bourses open at 3:00 AM EST, and the US session opens at 9:30 AM EST. The slowest periods are between 4:00 PM EST and 8:00 PM EST, between the end of the US session and the beginning of the Asian markets.

No Commissions/Low transaction costs
There's no question but that stock commissions have come down a lot, but with Forex, there is no commission -- your fee is the dealer spread. The spreads are small, usually about 4-5 PIPs. On a mini account, that's $4-$5.

Excellent Liquidity
This is an extremely active market, with $1.5 trillion traded daily in interbank market. Recently it has become wildly popular with traders around the world.

Tremendous Upside Potential -- And Fast
Because of the incredibly high leverage, you have the potential to double your investment quite rapidly -- in hours even. I'll show you a trade shortly to make this point.

What Is Forex and Forex trading?

Forex is an acronym for "foreign exchange," and involves trading pairs of currencies, i.e., buying one currency and selling the other in a single transaction. For example, USD/JPY is buy US dollar/sell Japanese yen. In this case, you expect the dollar to appreciate versus the yen, the yen to depreciate against the dollar, or both. The latter situation, of course, is ideal.

How Do You Calculate Price Movement?

Price movement for any foreign currency pair is calculated in "PIPs” (Price Interest Points) which are 1/10 of 1% of the contract size. For example, for a large account, a PIP is $10. For a mini account, one PIP will be $1.00. For example, on a mini account, let's take a quote of 1.2386 EUR/USD. If price moves to 1.2387, that's one PIP, or $1.00. 100 PIPs equals 1 basis point, or "BIP," so a move from 1.2386 to 1.2486 = one BIP, or $100. Not bad for $50 initial margin.

LMT FORUX FORMULA

Trading in the Forex market is becoming a popular option for people looking for an alternate source of income or even some extra cash to tide them over in these stringent times. However, the Internet is full of bogus products that claim to help you make tremendous profits in the Forex market. Many investors have lost huge amounts of money trusting these Forex programs and are undoubtedly skeptical about trying out any such product.
LMT Forex formula is one of the latest Forex programs in the market. What makes it any different from other products in the market? Well, to begin with, LMT Forex Formula is created by one of the most legendary traders in the Forex market- Dean Saunders. Saunders’ credibility and reputation is well established and anybody can see for themselves the amount of success he has had in the past. Also, Saunders has already also established a fine reputation and a Forex Expert. He has created other Forex programs in the past and all of them are known to be extremely effective. The Dean Saunders brand is enough to place your place in the product implicitly. But, that is not the only reason you should invest in this product. There are many unique features of this one-of-a kind product that make it irresistible. Here are some of its many features:

◦LMT Forex Formula does not automatically trade for you. Many investors have suffered losses with programs that carry on the entire trade on their own without any input from the user. By the time, the user can control the trading; he has already many pips shorter in his account. LMT Forex formula, on the other hand, identifies profitable trades and sets them up for you. Only if you feel comfortable with the trade, do you need to proceed with it.
◦You can trade in 10 different pairs with LMT Forex Formula. This provides the versatility required to find a profitable trade, but does not dilute the effectiveness of the program with too much additional information. By focusing on 10 pairs, you will get the expertise to make profit on them in no time.
◦LMT Forex Formula comes with a 47 page manual. This manual gives you all the information you need to get started with LMT Forex Formula. Even if you are a complete Newbie, you will find the manual extremely easy to read and even easier to follow.



You do not need to be a full time trader to make satisfactory use of the LMT Forex Formula. All you need is about 10-15 minutes of time on a daily basis. The LMT Forex Formula provides you with 4 checks for every trade and these 4 checks are all that you need to look into everyday. If you are satisfied with the checks, you can go ahead with the trade. Apart from that, you simply need to keep an eye on your existing trades and close them when the system recommends it.

Foreign exchange market

The foreign exchange market (currency, forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system until 1971.

Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]

The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as the US Dollars, Euro, Japanese yen, Pound Sterling, etc..., and the need for trading in such currencies.

Euro Volatility Likely as Central Bank Delivers Interest Rate Decision

European Central Bank leaves rates unchanged despite high unemployment - German Retail Sales report boosts optimism on domestic consumption - Yet Euro Zone Industrial data points to weakness in demand

A busy week of economic event risk left the Euro almost exactly unchanged against the US Dollar, and it seems markets remain incapable of breaking the EURUSD from its multi-month range. Forex options markets showed that volatility expectations remained high ahead of the European Central Bank interest rate decision and the US Nonfarm Payrolls report, but sharp post-NFP moves were incapable of pushing the EURUSD below the key 1.4000 mark. Illiquid late-week trading invited a brief foray below the psychologically significant 4000 level, but a quick bounce signaled that few were willing to force a larger breakdown in the key currency pair. If the combination of an ECB rate decision and a US NFP release were not enough to break the Euro from its range, we see relatively little scope for big moves in the week ahead. Indeed, short-term volatility expectations have fallen substantially ahead of what may be yet another week of range trading.

Euro Zone economic event risk will likely take a backseat to broader financial market flows as the Euro/US Dollar pair remains tightly correlated to key risky asset classes. The rolling correlation between the EURUSD and Reuters CRB commodity index is once again near record-highs. It is subsequently unsurprising to note that Gold, Oil, and the US S&P 500 remain in similarly choppy price ranges prices through the past month of trading. The end-of-week tumble in the S&P index leaves it at risk for continued declines, but we will have to see a noteworthy break before calling for similar moves in the EURUSD.

Traders should keep an eye out for financial market reactions to the US ISM Services report and surprises from final revisions to Euro Zone Q1 GDP results. The former will shed light on the all-important US Services sector and has historically produced big moves in the S&P 500 and US Dollar. Markets remain on edge following a worse-than-expected NFP result, and we will need to see promising signs for US economic conditions to bolster investor confidence. A sharp drop in domestic equities could easily lead to similar moves in the US Dollar-potentially sending the EURUSD below key support. Later-week GDP figures could likewise provide impetus for Euro volatility. Recent revisions to Q1 UK GDP results sent the British Pound substantially lower against major counterparts. Although admittedly unlikely, similar changes to Eurostat's estimates for domestic economic growth could send the Euro lower versus major counterparts.

EURUSD volatility expectations remain muted, but we cannot rule out flare-ups in financial market tensions. It will be critical to watch whether many many key asset classes can break out of their month-long trading ranges-potentially sending the EURUSD beyond range-lows at 1.4000 or highs near the 1.4200 mark. - DR

Forex News Update

CHF: Reported intervention against EUR & USD

Reuters & Bloomberg yesterday reported speculation that the SNB has been buying both EUR and USD, consistent with a dramatic move in the CHF crosses. The perceived involvement in USD/CHF came as a surprise to the market, as the SNB had previously stated it would specifically buy euros as part of its intervention policy. But, the weakness in the USD and JPY had meant that daily estimate of the SNB’s trade-weighted exchange had appreciated by more than the level of EUR/CHF would suggest. Indeed, the Swiss TWI was at its strongest post-intervention level ahead of yesterday’s reported intervention - if this is what the SNB was concerned about, then it would make sense for them to intervene in USD as well as EUR. Intervention in USD/CHF is likely to be viewed as ramping up the SNB’s commitment to prevent the CHF from rising inordinately. Post-intervention sell-offs in the CHF have tended to be temporary, partly related to the SNB’s stance that it is not looking to weaken the currency, only to prevent it from appreciating. As such, there could more attempts to test the SNB’s resolve in the weeks ahead, but traders continue to expect EUR/CHF to remain well-supported.

ZAR: SARB rate decision today

South African consumer price inflation moderated to 8.0% y/y in May from last month’s 8.4% print, marginally higher than the consensus estimates for 7.9% y/y. While an improvement from the April print, it is noted that much of the moderation in today’s number stems largely from base effects, with the majority of the components in the inflation basket remaining sticky - particularly in the services components of CPI which makes up around 46% of the overall basket. Despite the broad-based nature of consumer price pressures, the SARB is likely to continue to see a moderating inflationary trend, driven largely through the country’s large output gap, which is expected to keep a lid on consumer price increases in 2009. Nevertheless, significant risks to the inflation outlook remain and a more conservative approach by the SARB is likely to be adopted at today’s MPC meeting. Market looks for a 50bp cut as a result.

Discritioanry Technichal levels

Asia Session Highlights

Consumer prices rose in June for the first month since February, said TD Securities in an estimate released today. In it, the brokerage firm stated that inflation came in at 0.4% on the month, dissenting from the previous period’s decline of 0.3%. The 12 months through the end of June saw such prices rise at a slower pace than they had prior, by only 1.4% vs 1.5%. Nonetheless, the slight increase for the month still managed to keep the metric within the Reserve Bank of Australia's 2.0% inflation target.

The Reserve Bank of New Zealand released a report today, on its website, titled “New Zealand Bank Funding Costs and Margins.” The report said that "a large part of the OCR cuts have been passed on to household and business borrowing rates." Since July of 2008, the bank has slashed its overnight cash rate by 600 basis points to 2.50%. Despite this effort, and the its visible results, the mortgage market might not exactly benefit as much as the RBNZ would have appreciated. The statement added that "the spreads between marginal funding costs and floating mortgage rates have widened in recent months to historically high levels." This noted reflection of risk-aversion might "hinder the efforts of monetary policy to stimulate economic activity." It is yet unclear whether such a statement will prelude another rate move down. But for now, one might choose to think that if 600 basis points worth of cuts have failed to ease the pressure on mortgage rates, that yet another move down might not be so effective in easing such a variable.

Governor Masaaki Shirakawa of the Bank of Japan shed some positive, yet cautious, light as to what he feels the direction of the Japanese economy may be. In a speech given in Tokyo at the Quarterly Branch Managers’ Meeting, he stated that the rate of economic deterioration in his country had begun to slow amid an upward turnaround in exports to foreign countries. Nonetheless, he cautioned that economists ought to watch for the downside risks associated with the deflationary environment that they are currently facing.

China's head of the National Bureau of Statistics, Ma Jiantang, says there is no risk of inflation for the country in the remainder of this year, Reuters reported. In a press conference given today, Ma stated his objection to such a notion. The 12 months through the end of of May saw the Asian country's consumer prices decline 1.4% with producer prices plummeting 10.4% in the same period.

Critical Levels

Price action on both the Euro and Pound saw volatility remain in check against the U.S. Dollar, before European equities began trading. Sterling, however, managed to break short-term support on a 60-minute chart dating back to July 2.

Forex Trading

Most forex traders who succeed notice how to trade based on the news. Laymen who ofttimes hear about forex trading hold calling channels same seeing Bloomberg inquire: ” who the heck watches all these? ” Flourishing, to the beginners network the capital markets, you retain to acknowledge the award of forex news command the market.

Physical is believed that occurrences and events network the marketplace perturb crowd sentiments. The gospel that crowd sentiments deed the mart substantially makes substantive an bodkin of trends. Traders who are aware of this, capitalizes on not unlike movements leverage the forex marketplace. Crackerjack are traders who depend mostly on speculating the trends based on the crowd ‘ s sentiments. Crowd sentiments, at the duplicate bout, are fixed by what they espy access the news whether consciously or unconsciously. Fascinating advantage of commensurate erudition responsibility signal a trader to enter or exit a trade.

The zero magnetism trading forex news is to analyze how the market sways based on the movements of the crowd. Well-qualified are kit used connections interpreting forex news. The relevant business is that if you are haste to mileage this intention force trading, you keep to stick to the system repercussion categorization being substantive to end.

Signals also indicators are critical leverage currency trading. One of these indicators is economic news itself. To make sure that you are forming the most out of this free lunch thorn, you hold to bend the go enlightenment on how to analyze bazaar trends. Most traders boost to live with crowd sentiments and instead center on commonplace techniques and fundamentals. This entirely keeps you away from a wide span of trading opportunities that you retain not meditation of before.

Euro Constructive While Above 1.3550

Euro remains contructive while above 1.3550
Dllar\Yen extends declines 4th consective negative close
Cable countinues with up and down chop but sequence of daily heigher lows still intact
Dollar/Swiss needs to break back above 1.1110 to take pressure off of the downside

Pakistan can earn huge forex through fishing

Fishing is most papular occupation in pakistan near Balochistan or Sindh.At present 35,000 sail boat, row boats ,travelersand gillnatters etc are busy in fishing in mainland and marin areas.

The fish harbours are located at Karachi port, Ibrahim Hydari, Gwadar, Ormara and Pasni in Balochistan. The fish are very nutritive diet for the human beings. They are the vital natural resources of the world. There are more than twenty thousand of fish species, but nearly 8,500-9,000 are currently in use which serve the nutritional, economical and trading phenomena of the human beings. It is an established fact that seas, oceans, rivers, streams, estuaries near-shore sea, estuaries, mangroves, ponds, lakes and man-made reservoirs are the largest factors of organic living matter of the country. These water resources are being utilized for more fish extensively nourishment and cultivation purposes and offer tremendous opportunities for farming of fish organisms. Indian Ocean near southern Pakistan is the main source of fish for the country. In recent years, the marine fish (fish and shrimp) production in Pakistan is nearly 556 x 103 mt. Pakistan has a coastline of 1,120 km, covering Mekran (Balochistan) and the coast of Karachi (Sindh). In its water areas, Pakistan has more than 100 species of fish and nearly 25 of them have a fruitful commercial value. The fish and shrimp are the valuable items of export and foreign exchange and million of rupees were earned in 1998.

The other sources for catching fish are inland resources such as small rivers, dams (Tarbela, Mangla and Chashma), barrages, lakes (Haleji, Keenjhar and Manchhar), reservoirs, ponds and canals covering a substantial water area and in these areas inland fisheries can be stocked with better variety of fish both for sweet water and brackish water. Existing facilities for breeding and supply of fish and dissemination of technical know how for improving fish are being strengthened. It is estimated that nearly hundred thousand of fresh fish are consumed yearly in the country. Pakistan is one of the protein-deficient countries of the world. Our per capita animal meat consumption, including fish is about 8.8 kg. Fish is considered to be the best animal protein for human consumption. In Pakistan the per capita consumption of fish is, however, very low i.e. 1.6 kg. This in comparison with other nations. In European countries it is 20 kg and in Japan it is 64kg.

A properly developed fish industry can increase export to earn huge foreign exchange.It can also provide a source of vitamin rich diet.Different organization have planned to established a research paper covering both marine and fresh water fisheries and allied aqua culture.Pakistan can enjoy surplus fish production but there still exists great disparity of price in different markets, mainly due to the absence of facilities for cold storage and other methods of preservation and transportation.

Forex Rates

Currency Notes

Australian Dollar 61.36 61.15
Bahrain Dinar 211.3 213.24

Canadian Dollar 68.8 69.69
China Yuan 0 0
Danish Krone 14.48 14.64
Euro 107.1 109.25
Hong Kong Dollar 10.14 10.39
Indian Rupee 1.58 1.68
Japanese Yen 0.8123 0.8223
Kuwaiti Dinar 273.54 279.06
Malaysian Ringgit 0 0
NewZealand $ 43.5 43.8
Norwegians Krone 12.36 12.51
Omani Riyal 207.03 208.94
Qatari Riyal 21.81 22.2
Saudi Riyal 21.28 21.46

Singapore Dollar 0 0
Swedish Korona 10.23 10.37
Swiss Franc 72.74 72.52
Thai Bhat 0 0
U.A.E Dirham 2 1.74 21.92
UK Pound Sterling 119.6 121.54
US Dollar 80.4 80.9

Top Forex news From all Over the World

Russian Ruble Rises as Oil Hits Six-Month High:
The Russian Stock Market posted a week of gains as the price of oil is rose,Pushed by rising demand in Asia.

Dollar Slides Against Euro Before U.S. Job Reports:
The dollar has posted its third week of losses against the euro, mainly due improved world financial conditions, shrinking demand for refuge currencies.

Euro Rises Slightly After ECB Interest Rate Cut:
The Euro has a slight aginst the dollar after the European Central bank cut is bechmark interest rate to 1 percent, arecord low for European economic bloc.