Sunday, April 19, 2009

In The Forex Gladiator Ebook I'll Explain Everything You Need to Know To Become A Forex Gladiator:

Forex Trading Strategy Ebook

The difference between Fundamental and Technical Analysis and how and when to use them.



The three kinds of price charts -- Line, Bar and Candlestick -- and how to read them.



How to choose the best Forex brokers, how they operate, and where to find them.



How to avoid the 7 biggest, most costly mistakes you can make as a Forex trader.



35 of the very best, most important Forex day trading tips you need to know to ensure your long-term success.



The critical importance of formulating your own Forex money management system and following it every day.



My essential 3 step system for Forex trading and how to put it to use immediately.



An ingenious strategy that can increase your ability to spot potential winning trades by 100%!



The secret to knowing exactly when and where to exit for maximum potential profits. (I had to pay $10,000 to learn this!)



Learn how to quickly assess what the trend is and the exact strategy to exploit the situation for maximum potential profits.



Learn how to quickly know what market is the best market to trade. Simply applying this one technique can make all the difference in the world.



Fully disclosed system: no need to buy, rent or subscribe to any service. You control your trading, you decide when to trade, you decide how much to trade.



So easy to learn that most of my traders (many who are completely new to forex trading) put Forex Gladiator to work only 1 day after learning it.



No stress, no emotions: Since Forex Gladiator is 100% mechanical you will only follow strict rules to identify, enter and exit trades. No interpretation or judgment what so ever (if you trade already, you most likely know the value of 100% mechanical trading)!



Completely disclosed rules. Stop using those trading services or so called "black box" systems. Be in control of your trading.



And much, much more!

Wednesday, April 8, 2009

The Line Chart


Line charts are one the most basic types of charts used in finance in general and forex in particular. This type of chart is formed through a line connecting a series of data points together – usually, line charts display lines drawn from one closing price to the next.We clearly see the general price fluctuation of this currency pair over a given period of time (a year in our example). One of the main reasons that make line charts so popular is that they record closing prices, one of the most important prices to keep track of. Other common forex charts include the bar chart and the candlestick chart.

Risks in Forex Trading

As a mostly speculative activity, forex trading involves many risks. In two words, forex trading risks are mainly about losing money. That's why Forex Money Management is so crucial when it comes to forex. Traders must have a plan and stick to it no matter what, or else they might lose their shirt in a matter of hours – that’s why you must never trade money that you need to survive. In fact, one of the ways to approach forex trading is through risk management. Much of how you trade is actually defined by your risk profile: are you someone who likes taking risks, hates taking risks or someone who is generally apathetic to risk?Depending on your answer to this question, you will build your own customized trading strategy. Having a trading plan and sticking to it is the only way to make forex trading profitable and to avoid the main forex trading risks. When trading forex, risk management makes up a big part of your plan. To define a clear trading plan, traders must define several points:When to trade: what timeframes are best suited to your trading routine? Are you more of a day-trader – someone who trades over a couple of days, usually aiming for 10 to 50 pip profits; an intra-day trader – this category of traders is also known as “scalpers”: they trade on time frames of a few minutes and make a large number of deals for profits usually ranging from 5 to 10 pips; a swing trader – these are professional traders who open positions over several days for profits ranging from 50 to 100 pips; or a position trader – meaning that you make less transactions over a longer period of time for profits ranging from 500 to 1000 pips To learn more, continue to: Forex Trading HoursWhat tools do you base your trading strategy on? Whereas intra-day traders and day traders will generally make their trading decisions according to technical analysis, position traders usually trade according to fundamental analysis. As for swing traders, they usually use both. Which products do you trade? Some products such as options are more complex than others and will therefore be traded by more seasoned traders. Choosing the right product is also essential when it comes to trading strategy. And last but not least: what risk are you willing to take? According to your money management system, you will define a certain percentage of your capital you are ready to loose, and set margin, leverage and stop-losses accordingly. The extent of forex trading risks is equal to its potential profitability. Indeed, since forex is a leveraged market, it allows for huge profits but can also lead to huge losses. That’s why we recommend traders new to the field to use a relatively low leverage level at the beginning. That way, you can test your overall strategy without risking too much. If you lose, you can readjust your strategy and still have enough money to get back into the game.In brief, the main forex trading risk is losing money. However, with a sound trading strategy, solid money and risk management plan and a cool head, you may limit and minimize your losses while maximizing your profits. It is also to be noted that with Finotec, in order to prevent over-ambitious traders to lose what they can’t afford, you cannot lose more than your initial deposit. If a trader reaches that point, part or all of his positions will be closed to avoid.

Friday, March 27, 2009

The CMS Forex Advantage

Competitive spreads as low as 2 pips
CMS Forex offers competitive spreads in 25 currency pairs. Receive a 1-pip volume rebate on every 5 lot trade. Read more »

Real-time trade execution
We pride ourselves on fast, fair, and reliable order execution. CMS Forex ensures the price you click is the price you get.* Read more »

Trade mini or standard size lots
Our Universal trading account allows clients to easily trade both 10k mini and 100k standard lots without the need to open an additional account. Read more »

Low minimum deposit
CMS Forex makes it easy for novice traders to get started by allowing you to trade Forex with a minimum initial deposit of only $200 USD. Read more »

Over 100 technical indicators
CMS Forex offers over 100 of the most powerful technical indicators. Technical indicators help traders gain a better
understanding of market movements. Read more »

Access to fundamental analysis tools
We offer access to fundamental analysis such as real time REUTERS news, expert commentaries by professional market strategists, and economic data release calendars. Read more »

Rollover interest
Both mini and standard lot positions held after 5pm EST are credited or charged rollover interest reflecting the difference in interest rates between the two currencies being traded. Read more »

Interest on unused margin
Accounts with initial deposits of 10,000 USD or greater will receive 2% interest on unused margin.† Read more »

Up to 400:1 leverage
Increase your buying power. The margin you put down on a trade can control a position up to 400 times greater in size. This may increase the size of your potential profits, as well as losses.
Read more »

Hedge your trades
Minimize your currency exposure risk by offsetting your positions. Open a hedge position without utilizing additional margin. Read more »

Quality customer service
Friendly and helpful customer service representatives are available by phone, live chat, and e-mail. Our dealing desk and support department are available 24 hours a day. Read more »

Forex education
Online Forex tutorials and courses guide you every step of the way toward gaining knowledge about Forex, trading strategies, and our proprietary trading software. Read more »

Combine the CMS Advantage with CMS Forex’s powerful Visual Trading software and ample educational and news resources, and you can be sure you are getting one of the best values in the Forex market.

Learn about CMS’s competitive Trading Terms »

*Except in extraordinarily volatile market conditions. Terms and conditions subject to client trading agreement.

†Unused margin must be over 10,000 USD. To be eligible, a trader must open at least 15 standard lots per month. CMS may alter the interest terms and schedule at its discretion.

Under extreme market conditions, CMS Forex reserves the right to modify its spreads.

Instant Pip Rebate

CMS Forex’s clients receive a 1 pip rebate directly to their trading accounts for every 5 lot trade. This applies to individual positions of 5 or more standard 100K lots where the whole position is opened with one order and closed in whole with a single order. This rebate instantly appears on the account at the moment of closing a position. You can view its details in the account report, in the "Commission/Rebate" column. Above 5 lots, rebates are applied according to the following schedule:

Position Size in Lots
Rebate in Pips
5
1.0
6
1.2
7
1.4
8
1.6
10
2.0

For example, if you open and close ten lots of EUR/USD you will receive a 2 pip rebate, which is equivalent to $20.00 ($10.00 multiplied by 2 pips) for the entire 10 lot round-turn transaction.

The rebate is given in the base currency of your trading account. Please note that this offer is not applicable to mini-lot transactions.

Spreads

CMS Forex now offers 2 Pip fixed spreads on EUR/USD and USD/JPY, our most popular currency pairs. Competitive spreads lower your transaction costs per trade and make it easier to open and close individual positions closer to your target price. In addition, CMS has reduced the spreads of twelve pairs and added to its roster, ZAR/JPY, USD/ZAR, AUD/NZD, USD/HKD, and GBP/AUD.

The spread is the difference between the Bid and the Ask price of a given currency pair. The Ask is the price you pay to buy and the Bid is the price at which you sell a currency pair. CMS Forex charges no commissions, and as a market maker may make some of its revenue from the Bid/Ask spread.

Currency Pairs Offered
Reduced spreads are indicated in orange.

EUR/USD 2
AUD/USD 5
EUR/CAD 8
AUD/JPY 6
AUD/NZD 20
USD/JPY 2
USD/CAD 5
EUR/AUD 9
NZD/USD 4
USD/HKD 12
GBP/USD 4
EUR/GBP 4
GBP/CHF 8
CAD/JPY 6
USD/SGD 8
USD/CHF 5
EUR/JPY 4
CHF/JPY 5
NZD/JPY 8
USD/ZAR 200
EUR/CHF 4
GBP/JPY 8
AUD/CAD 8
GBP/AUD 20
ZAR/JPY 6

Wednesday, March 18, 2009

Best Forex Brokers

Below are the online forex brokers that are highly recommended. Why do we highly recommend these forex brokers? Well, first of all we don't. The retail forex traders of the world do. Our opinion plays no role in deciding which brokers make this list. See our notes below the list for details on how this list was compiled.There are 11 online forex brokers on this list and we have over 220 brokers identified on this web site. This is therefore, in the collective opinion of the world's retail forex traders, the cream of the crop, the top 5%. While we do believe these are the best, there are still positives and negatives among those in this list so we urge you to read about them in more detail and do your own due diligence before entrusting your hard earned money with any of them. You may also want to check out our Recommended Forex Brokers List, our Top Rated Online Forex Brokers List, which currently includes more than 115 online forex brokers along with their independent trader ratings, and ou

Forex Basics

What's Forex? "Forex" stands for foreign exchange; it's also known as FX. In a forex trade, you buy one currency while simultaneously selling another - that is, you're exchanging the sold currency for the one you're buying. The foreign exchange market is an over-the-counter market.Currencies trade in pairs, like the Euro-US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or futures, there's no centralized exchange for forex. All transactions happen via phone or electronic network.Who trades currencies, and why? Daily turnover in the world's currencies comes from two sources:
Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
Speculation for profit (95%).Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.The world's most traded market, trading 24 hours a day With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.

Forex signals and alerts

The foreign exchange market (Currency, Forex, or FX) market 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

Forex risk management strategies

The Forex market behaves differently from other markets! The speed, volatility, and enormous
size of the Forex market are unlike anything else in the financial world. Beware: the Forex marke
t is uncontrollable - no single event, individual, or factor rules it. Enjoy trading in the perfect market! Just like any other speculative business, increased risk entails chances for a higher profit/loss.

Thursday, March 12, 2009

USA FOREX IN USA

With the modern times of mobile communication, it is not unusual to find hidden in a home a trader or a broker who is doing their Forex Trading from the comfort of their own home. Today to be a forex trader all that you require is a computer setup to multi screen investing servers, the number of the casual or evens serious home based forex traders has grown a great deal of late and this is because of the internet and the popularity of certain commodity trades.Today, this article will discuss about the Forex market, and how you can find a great online Forex broker when you do decide to jump on the wagon and become a Forex Trader. Most of the Forex Brokers today offer the ability to be able to trade online, forex trade over the phone, or forex trade from you mobile phone.With the growth of the virtual Forex Trader, we have seen an explosion of online forex brokerages on the internet in the almost predictable economic elastic demand and supply. Today we are seeing more individuals turning to commodity trading as a viable source of second or even third income, brokerages and financial firms all over the world have responded by extending their services to the modern technology world. Before you choose which firm and which broker to choose, there are few things you need to do.First step is to find the black list of online Forex brokers and those that have a bad reputation. There are a few collectives that collect a list of names of individuals and companies (including all their aliases and permutations) and place them upon a compiled list for everyone to refer to. If that is not enough, you must also check your local finance and governing body and run a list of potential brokerages and companies you want to join with them - you never know what you might find. Deal with well established companies that have strong regulation. Recently the CFD FX REPORT has researched all the online Forex Brokers and have come up with who they believe to the Best Forex Broker.Do not be swept off your feet by a long list of credentials if you do not know what they mean or where they even came from in the first place. Be wary of customer testimonials that are written on the website itself, as these can doctored or fabricated.Use a company that has great references, and has good client testimonials. Check also for longevity, the more years a broker and his company have been around, the more chances that it is a legitimate and viable source of investing advice. Always be careful where you place your money and it is very, very important that you choose a good online broker that is both legitimate and has the needs of your finances at heart. You must feel comfortable with this broker, remember a bad broker can make you BROKER.USA FOREX IN USAThe CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

FOREX META TRADERS

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.That is larger than all US equity and Treasury markets combined!FOREX META TRADERSUnlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Monday, March 9, 2009

Forex Market Update

Please note that currently Saxo Bank’s Market Updates are only available in English.
John Hardy
Analysis by : John Hardy
Consultant/FX Strategist
Monday, Mar 09, 2009, 03:07

FX for the Week Ahead

Will the ranges break this week?


THEMES TO WATCH – UPCOMING SESSION

Market Comment:

USD rally - should it stay or should it go?
The currency market has been giving trend-seekers fits of late, with EURUSD's daily reversal act beginning to wear the market's patience thin as we kick off a new week. Friday, EURUSD was beaten back lower after yet another attempt through the 21-day moving average failed to bear fruit. So what is driving the USD of late? There are cross-currents that are pulling it in two directions at the moment and keeping it from breaking in either direction: First, risk aversion generally favors the USD as the world seeks a safe harbor and as so much of the asset bubble inflated before the bust was funded in dollars. On the USD-negative side, the market is likely dreading the Fed's inevitable move into outright quantitative easing and the , though it has so far failed to drive yields lower as we have seen in the UK after its outright declaration of debt monetization. We will continue to watch the EURUSD supermajor as our barometer for USD strength. There is little to argue for in favor of the Euro, save for the stabilization of intra-European sovereign debt spreads of late. While the economic picture in the US looks stark, the festering problems in the EuroZone (the EuroZone framework itself and the bank's exposure to EM problems) are ever-present and there is still the risk of the EUR looking less relatively attractive than the greenback. One wildcard risk to the USD that is raising its head as we are going to press is the price of oil , which is now trading ten dollars off its multi-year lows from February. This issue has been off the radar for a long time, but is still a relevant market to watch.

GBP: misery reaches new depths
The latest Bank of England meeting and announcement of quantitative easing measures - particularly the outright purchase of gilts - have seen the pound sharply weakening to its lowest levels in some time against the EUR and the USD. The expectation of active government buying in the market has pushed 10-year gilt yields sharply lower against their German counterparts. The long gilt had as much as a 100-bp higher yield last month, but now the spread has rapidly shrunk to a mere 18-bp advantage. Further down the line, it seems all major central banks will be forced down this path as well, but the market can't resist the obvious bait of shrinking yield spreads. Also adding to the pound's woes to start the week are new revelations of the latest tens of billions in banking losses at Lloyds and its newly taken over HBOS unit and rumors that Barclays may need to participate in the Asset Protection Scheme as well despite earlier promises of capital sufficiency that would allow them to avoid such a fate.

JPY continues to suffer on current account reversal
The sharply stronger JPY of recent months has wreaked breathtaking havoc on the Japanese economy. With most of the economy still geared toward export industries and the recent collapse in global trade flows, the Japanese current account has now moved into negative territory for the January data (on an unadjusted basis) for the first time since 1996. This represents a spectacular reversal from all-time highs in the CA surplus column posted in March of 2007. Still, much of the JPY weakness of late is about the market readjusting its JPY positioning as the starkness of the situation in Japan is painfully clear. The Yen is still a relatively safe place as long as the global deleveraging act continues and while the days of the massive bull trend in JPY may be well behind us, we could continue to see strong periodic rallies in the JPY as long as risk aversion is high, and especially if global yields continue to fall and commodities go nowhere fast.... Also, we have the hugely significant level of 100 coming on the radar as the financial year draws to a close in Japan this month. Will exporters want to lock in this level for the coming financial year? It may prove an important barrier to further JPY weakness.

CAD: USDCAD finally takes out 1.3000
The grinding weakness in global growth and especially the continued and seemingly ever-mounting woes south of the border have seen the loonie finally taking out the 1.3000 level here to start the week. The uptrend could continue as long as global markets fail to spark a reasonable rally in risk appetite. Longer term, we see extreme value in buying the likes of CAD versus the EUR as a relative play on fiscal robustness, but some patience will be required for this view.

Outlook: G20 on the radar
We're seeing increasing noise levels about the G20 meeting coming up on 2 April. The power brokers for the major G7 countries and the largest of the developing countries will be desperately trying to find a way to avert the global recession juggernaut and the institutions that used to be charged with bailing out trouble spots in the world economy but are overwhelmed by the scale of the current crisis - will they be able to come up with any credible plan? So far, the market has shown increasing cynicism with every new round of bailout schemes, and justifiably so. Stay tuned.

Forex Brokers - Make the Right Choice Not A Mistake

With the modern times of mobile communication, it is not unusual to find hidden in a home a trader or a broker who is doing their Forex Trading from the comfort of their own home. Today to be a forex trader all that you require is a computer setup to multi screen investing servers, the number of the casual or evens serious home based forex traders has grown a great deal of late and this is because of the internet and the popularity of certain commodity trades.

Today, this article will discuss about the Forex market, and how you can find a great online Forex broker when you do decide to jump on the wagon and become a Forex Trader. Most of the Forex Brokers today offer the ability to be able to trade online, forex trade over the phone, or forex trade from you mobile phone.

With the growth of the virtual Forex Trader, we have seen an explosion of online forex brokerages on the internet in the almost predictable economic elastic demand and supply. Today we are seeing more individuals turning to commodity trading as a viable source of second or even third income, brokerages and financial firms all over the world have responded by extending their services to the modern technology world. Before you choose which firm and which broker to choose, there are few things you need to do.

First step is to find the black list of online Forex brokers and those that have a bad reputation. There are a few collectives that collect a list of names of individuals and companies (including all their aliases and permutations) and place them upon a compiled list for everyone to refer to. If that is not enough, you must also check your local finance and governing body and run a list of potential brokerages and companies you want to join with them - you never know what you might find. Deal with well established companies that have strong regulation. Recently the CFD FX REPORT has researched all the online Forex Brokers and have come up with who they believe to the Best Forex Broker.

Do not be swept off your feet by a long list of credentials if you do not know what they mean or where they even came from in the first place. Be wary of customer testimonials that are written on the website itself, as these can doctored or fabricated.

Use a company that has great references, and has good client testimonials. Check also for longevity, the more years a broker and his company have been around, the more chances that it is a legitimate and viable source of investing advice. Always be careful where you place your money and it is very, very important that you choose a good online broker that is both legitimate and has the needs of your finances at heart. You must feel comfortable with this broker, remember a bad broker can make you BROKER.

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

Forex Market - Make Money in Choppy Markets

The Forex Markets do not create clear trend lines all the time. Quiet often we will experience very volatile markets and the prices can move dramatically up and down. Sometimes they can start to trend then also of sudden make a strange upward or downward movement which will trigger your stop loss and stop you out of the trade.

So How can we trade this sort of Forex Marketand make money?

1. Don't expect a long swing plan or any sustained price movements if you are already in an open position, get some profits out when you have made some from the forex market or shift it to the breakeven price as soon as possible. This will reduce the risk of losing that position.

2. When you need to trade in these conditions trade the currencies pairs that are highly correlated. So we are talking about the top 6 currencies pairs.

3. It can be also useful to use some level of Fundamental analysis such as referring to the calendar of economic announcements every now and then in forex trading. Sometimes a choppy market occurs when there is two or more economic data releasing at the same time or within a few hours. A particular news may trigger an up movement while the other one may trigger a down. Therefore it is a bad time to trade forex as you do not know exactly where the forex market is moving.

4. Sometimes when the forex trading market is choppy, it forms range-trading channels, which sets one up for a breakout. If there's is no indication on which direction the market is moving, forex trader may go long when it's at the bottom range, and short when it is at the top range. This may earn you some pips, but again, it is better to wait for price to break out from the range-trading channels so that ideally you will be able to catch the breakout trend. This is why is why it is important to have a great forex broker too as they can help you with trading ideas. If you are looking for a Best Forex Brokerfeel free to visit the CFD FX REPORT as they have recently researched all the broker on the markets and can point you in the right direction.

The above should help you when trading choppy currency markets, but they are no guarantees of success. If you don't feel comfortable with the trade don't do it. Remember the markets are open nearly 6 days per week and 24 hours per day so there is also going to be more trading opportunities. Sometimes the market can go through fazes of not trending at all so don't try and predict a trend otherwise you are gambling.

Forex Trading - The top 5 Tips

We have all heard and read how much money we can make from Forex Trading, so what are the real rules and tips that will make us money from Forex Trading? Below we will uncover the real tips for Success.

Below are the 5 Tips to Help make you big money, they are not listed in order of importance.

1. Never buy a Forex Robot.
This is simple if you had a program that would make real money would you sell it? No.. You would keep it. The simple truth is most of these people are selling these programs and that is how they make the money not from Forex trading. So beware.

2. Get Educated and Learn Fast

Anyone can learn Forex trading and anyone can make money, you don't have to be a genius. You don't need to spend long doing it either and you should be able to learn everything you need to know, in a couple of weeks and then your all set to trade. You should make sure that you have a trading plan and some rules.

3. The Best Proven Systems are Simple:

Make it simple, use some indicators and support and resistance. Forget trying to be clever or complicated, simple systems are far more robust than complicated ones and work. People will more often than not try and complicate things.

4. Make sure you have Risk and Money Management Rules

Success is built on money management and risk management and you need to learn about volatility and standard deviation of price and if you have no idea what it is make it part of your essential Forex education.

5. The Golden Rule is Discipline- Set the Rules and Stick to THEM

No matter how great of a trader you are you will have losses, so you need to ride them out and have discipline, which means having rules and sticking to them

Discipline comes from knowledge of what you are doing and the ability to keep your emotions under control. Holding discipline is the key to success

Introduction to Trading Forex

This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as a bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.

As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.
Overview
Foreign exchange, Forex or just FX are all terms used to describe the trading of the world's many currencies. The Forex market is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs.

Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.

Trading Forex

A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.

The most important Forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.

Description of Forex

The Forex market, established in 1971, was created when floating exchange rates began to materialize. The Forex market is not centralized, like in currency futures or stock markets. Trading occurs over computers and telephones at thousands of locations worldwide.The Foreign Exchange market, commonly referred as FOREX, is where banks, investors and speculators exchange one currency to another. The largest foreign exchange activity retains the spot exchange (i.e.., immediate) between five major currencies: US Dollar, British Pound, Japanese Yen, Eurodollarand the Swiss Franc. It is also the largest financial market in the world.In comparison, the US stock market may trade $10 billion in one day, whereas the Forex market will trade up to $2 trillion in one single day. The Forex market is an opened 24 hours a day market where the primary market for currencies is the 24-hour Interbank market. This market follows the sun around the world, moving from the major banking centres of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the Unites States.Until now, professional traders from major international commercial and investment banks have dominated the FX market. There are three main reasons to participate in the FX market. One is to facilitate an actual transaction, where international corporations convert profits made in foreign currencies into their domestic currency. Corporate treasurers and money managers also enter the FX market in order to hedge against unwanted exposure to future price movements in the currency market. The third and more popular reason is speculation for profit. In fact, today it is estimated that less than 5% of all trading on the FX market is actually facilitating a true commercial transaction.The FX market is considered an Over The Counter (OTC) or ‘Interbank’ market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

Information About Forex Trading Strategy

A forex trading strategy can provide profit for a skilled speculator. A FX trading strategy is, simply put, a method for using foreign exchange rates of currency from various countries to buy one country’s currency when it is undervalued, and exchange it for another country’s currency with it is of normal or higher value, with the difference being profit.

A common forex trading strategy could involve US dollars and the Euro, the official currency of most European countries. To use a simple example of a forex trading strategy, a speculator would buy Euros when they were undervalued; let’s say two Euros equaled one US dollar. This would be unusual because normally the two currencies are almost equal.

By spending one hundred US dollars to buy two hundred Euros a speculator would be able to buy more goods in Germany, France or other European countries. When the market changed and became more even, the speculator would have twice as many goods as he normally would have, and would be able to exchange those goods for US dollars once again.

The difference would be profit. This is a very simple explanation of a forex trading strategy, but gives the basics to the new speculator.Of course, when coming up with a forex trading strategy the trader should only use money that he or she can afford to loose. This is speculation, as opposed to investment. The chances for profit are real, and could come quick but if the market turns the opposite way than expected the trader could actually loose money.

A forex trading strategy can reap large profits, but if anyone tells you that all trades will result in profit, they haven’t studied the market as well as they should have and they are not correct. Still having a sound forex trading strategy for a competent businessman can be a profitable venture. It requires study of the markets, which takes time and is usually best accomplished by reading financial newsletters and using tools available on the Internet.

Getting the advice of a professional forex trading strategy specialist can also be a sound choice. Professionals have the time, education and skills and can generally help a trader come up with a forex trading strategy that will result in profit more often than one could do without their help.The most sound forex trading strategy options are generally used by large multinational corporations who are often able to make steady profits.

Watching what large corporations do who are involved in forex trading, looking for patterns they may have set, can help a trader to get the benefit of the very expensive expertise used by these large companies. Making watching of the large traders a part of a person’s education is definitely a good place to start a forex trading education. Identifying the state of the market, determining the time frame you are working in, and the currencies that have fluctuation and getting the advice of professionals through self study can be the wisest forex trading strategy option available.

Thursday, March 5, 2009

Nokia N86 8MP pictures


Market leaders Nokia are usually among the key news makers at the Mobile World Congress. By using a clever marketing move to postpone the announcement of their 8 megapixel flagship Nokia N86 8MP for the second day of the MWC 2009, they really got all the attention to themselves.

And we gotta admit Nokia, you really had us there for half a day, fooling us into believing that you won't be revealing an all-in-one flagship as an answer to the pressure of other manufacturers such as Samsung and LG.

Nokia N86 8MP

The Nokia N86 8MP leaked yesterday with its full specs available, however it was only today that we could lay our hands on it.

The goodies on board the Nokia N86 8MP include 8GB of internal memory, a microSDHC card slot, a 2.6-inch OLED screen, FM transmitter, Wi-Fi and GPS connectivity, a 3.5mm audio jack and TV out. There's also quad-band GSM and tri-band HSDPA support for a truly worldwide voice and data roaming.

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Motorola ZN300

Motorola ZN300

Wednesday, March 4, 2009

Nokia N79 review: Swiss Army knife

Nseries keep on throwing heavy-spec'd phones at us and there's no question they're hitting their best form in quite a while. About time we got less of a curve ball lookswise, Nokia N79 embodies a new approach to Nseries styling. As to the insides, the N79 sides with N85 to make quite a number of Nseries veterans fear retirement. A true all-in-one, and less N-gage, Nokia N79 is big enough on personality and inspiration. No wonder we're eager to see it in action.

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Nokia N79 official photos

Key features

  • 2.4" 16M-color LCD TFT display of QVGA resolution
  • 5 megapixel autofocus camera with dual-LED flash and AF assist light
  • VGA video recording at 30fps
  • Symbian OS 9.3 with S60 3.2 UI
  • ARM 11 369 MHz CPU
  • 3G with HSDPA support
  • Quad-band GSM support
  • Wi-Fi with UPnP technology
  • Built-in GPS with A-GPS functionality and 3 months of free voice-guided navigation
  • microSD card slot with microSDHC support
  • 4GB memory card included in the retail package
  • Built-in accelerometer for UI auto-rotation
  • Swappable Xpress-on smart covers (two of them in the box)
  • 3.5 mm audio jack
  • TV out
  • Stereo FM Radio with RDS
  • FM transmitter
  • Stereo speakers
  • Navi wheel navigation
  • USB and Bluetooth v2.0
  • One free N-gage game
  • Keylock switch

Main disadvantages

  • No smart dialing
  • Doesn't charge off USB
  • No office document editing out of the box
  • Not the best camera performance
  • Zooming in on a photo takes ages
  • No dedicated 3D graphics accelerator
  • The GPS performance is not the best among Nseries

Nokia N79 is certainly one of the best equipped bars on the market. In fact there is very little (and certainly not too important) features that the phone lacks. The best part is it excuses itself from the company of most recent Nseries devices and makes an impact with its own distinct appearance.

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HTC Touch HD review: Windows almighty

The Touch HD is storming the WinMo stage to leave a footprint the size of half the HTC portfolio. Not so long ago we saw Windows Mobile changing for the better thanks to the TouchFLO 3D, The latest flagship gets things even hotter with a multimedia twist. And the new screen… well, beauty's in the numbers.

Looks like all that stands between the Touch HD and legend is the actual performance. A bold statement it is, so what we're about to do is push it to its limits. An unforgiving spec sheet calls for unforgiving scrutiny. Join us as we set sail to explore the HTC Touch HD big sway and little secrets.

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HTC Touch HD official photos

Key features

  • Massive 3.8" 65K-color WVGA display
  • Windows Mobile 6.1 Professional OS
  • TouchFLO 3D Home screen and gesture controls
  • Wi-Fi and built-in GPS receiver
  • Qualcomm MSM7201A 528 Mhz CPU and 288 MB DDR SDRAM
  • Dedicated graphics chip (64MB RAM reserved for graphics)
  • Quad-band GSM and dual-band HSDPA support
  • 5 MP auto focus camera with nice image quality
  • microSD card slot
  • Accelerometer sensor for auto screen rotation and turn-to-mute calls
  • Proximity sensor to automatically turn the screen off during calls
  • Fingerprint resistant rear panel
  • Touch sensitive keys with vibration feedback
  • Stereo FM radio with RDS
  • Standard 3.5mm audio jack
  • miniUSB slot and Bluetooth v2.0 with A2DP
  • Active magnetic stylus
  • MS Office Mobile document editor
  • Excellent Opera 9.5 web browser
  • Rich retail package, including 8GB microSD card

Main disadvantages:

  • A wee bit overweight
  • Sizeable body (still within acceptable limits though)
  • Average sunlight legibility
  • Video recording maxes out at CIF@30fps
  • There's no dedicated camera key or flash
  • No D-pad (offers more precise navigation)
  • Power key is really hard to press
  • No TV out port

HTC Touch HD is simply the next big thing in the Windows Mobile realm. And big is by no means limited to size. Indeed, the handset does come out a little too hefty but the feature pack is the kind to make you forget about size. The massive screen and so-unlike-WinMo multimedia skills give HTC Touch HD the kind of crossover appeal to reach beyond the hardcore PocketPC following.

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Sony Ericsson G705 review: Slide-o-matic

One of a kind is the last thing to call Sony Ericsson G705 upon as much as a glimpse. But conceited scoffs may be bitterly regretted. Wi-Fi, GPS and lightning fast data are likely to turn the snooty sneer into an embarrassed smirk.

Now, one of a kind may be not precisely right but the G705 is pretty darn close. The handset is only the second feature phone in the Sony Ericsson Generation Web lineup. To narrow it down even further, the G705 is only the company's second feature phone to sport both WLAN and GPS. And since the other one is proudly perched at the top of the Cybershot tree, the G705 has the midrange all to itself. What a cheeky chap!.

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Sony Ericcson G705 official photos

Key features:

  • Quad-band GSM/GPRS/EDGE and HSDPA 7.2 Mbps/tri-band HSDPA for US version
  • Built-in GPS with A-GPS function, Wayfinder Navigator software, geotagging
  • Wi-Fi b/g with DLNA and SIP support, Bluetooth (with A2DP), USB v2.0
  • 2.4" 256K-color TFT display
  • 3.2 MP camera with LED flash,
  • Enhanced user interface with basic multi-tasking
  • Illuminated Web shortcut keys
  • Dedicated Play/Pause music key
  • Media Center, Smart search, Manage Messages
  • FM radio with RDS and TrackID
  • YouTube client
  • 120 MB built-in memory, M2 card support, 1GB included

Main disadvantages:

  • Cheapo looking materials
  • No office document viewer
  • Video recording limited to QVGA resolution at 15fps
  • M2 card slot is under the battery cover

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