Market Direction for 20 - 23 of Dec. 2011

USDollar Index Chart 5hours

Although the USDollar index is swayed downwards based on the technical presentation, it's very obvious it maintained an upward momentum but limited at 80.96.
On the summary, we still remain slightly bearish for USDollar index chart for the next couple of days: we should be seeing the first lower low from this point at 80.50 and gradually deep into 80.40.

Market Direction for 19 - 22nd of Dec 2011

We should be expecting a new low for the USDollar index for 80.40 - 80.20 or lesser within the trading period of 19 - 22. It is also imperative we trade with caution due to emerging economic down turn from the Euro region - untill this is solved by policy makers, market will remain southwards for EURO.

Patience is a major winning strategy in FX trading.

Trading the FX market for most market trader is like a young indian tiger that goes out for hunting first time. If the cob is too fast, the cob will scare its prey away and lose its meal for that day if not the next 2 - 3days. In the process of doing this, the cob will spend a lot of energy during the chase; and for the cob to get its next meal, the cob need to gain back its energy lost from the previous chase. This will be too bad for the cob if it is residing in sub-saharan Africa where the heat is over 60 degree celcius.

Live Market forecast 11/28/2011 - 11/30/2011 Part 3

Live Market forecast 11/28/2011 - 11/30/2011 Part 2

This is the video alert for market direction for Asian trade session, European session and US market session.

Enjoy watching this video and post your view about it; thanks ==>>>>

Live Market forecast 11/28/2011 - 11/30/2011 Part !

This is the video alert for market direction for Asian trade session, European session and US market session.

Enjoy watching this video and post your view about it; thanks ==>>>>

Video Forecast I

I will keep you posted during the European session.

Market Direction for EUR/USD & GBP/USD

I will advise you to stand aside and watch the market establish its trend; this when a lot of investors lose their money ===>>>> Please trade wisely and very smart. :)

Risk is Growing That a Country Will Quit Euro: Miles

By Fergal O’Brien - Nov 24, 2011 9:52 AM GMT

Bank of England policy maker David Miles said there’s a risk a country may leave the 17-nation euro area and that the threat from the region’s crisis has increased uncertainty about the outlook for the U.K. economy.

Market direction for 24/11/2011

Hello fellow traders;
This info is to guide you for tomorrow's trade, wandering how I got this info? That shouldn't be your problem. Between monday and tuesday, something like this happened and I thought it wise to get you informed on time.

Dollar and Risk Trends Tied to Holiday Liquidity Conditions

By John Kicklighter, Currency Strategist

• Dollar and Risk Trends Tied to Holiday Liquidity Conditions
• Euro Crisis Boost Risk of Coordinated Rescue or Structural Change
• British Pound Traders Weigh EU Crisis Spread, BoE Stimulus and Austerity
• Canadian Dollar Ignores Ease in Inflation, Oil and Equities Correlations Glare
• Japanese Yen Tests Policy Makers’ Resolve, Markets Clearly Aiming for Gains
• New Zealand Dollar on the Verge of a Multi-Year Trend Change as Rates Questioned
• Gold Closes out its Biggest Weekly Decline Since September’s Collapse

German Govt Prepares For Greece To Exit Euro Zone

Michael CEO, Favoured Capital Investment Group Ltd, London

Germany's government is preparing for a Greek exit from the euro zone in case the new Greek government doesn't want to implement the latest austerity program, according to a report for the latest edition of Spiegel magazine pre-released Saturday, citing sources close to the finance ministry.

EU warns of 'deep, prolonged recession'

By Matthew Dalton

BRUSSELS -- The European Union Thursday slashed its growth forecast for the 27-nation bloc in the coming year and said it can't exclude the possibility of a deep, prolonged recession.

DailyFX Tips and Forex Trading Strategies

Having a solid trading strategy is essential for trading the major currencies, and can help individual investors take advantage of profitable opportunities. Identifying and following the major trend helps to lower the risk for loss, which usually facilitates individual traders from ending up on the wrong side of the market. However, scalp or intraday trading involves a high risk for loss, but identifying short-term support and resistance levels could help to lead to a profitable trade. At the same time, applying technical indicators will also assist an investor to get in a trade at the best time, and exit the position with the highest potential profit.

Top Ten Basic Technical Indicators

Thomas Long takes a look at ten of the most popular technical indicators available to traders in today's forex markets. Thomas explains how these indicators are calculated and discusses some of their strengths and weaknesses. This presentation is meant for traders who wish to learn more about these tools to get a better understanding of how they can be used when trading.

Forex Chart Reading 101

Thomas Long takes a look at a simple, yet proven, approach to using charts. Thomas first looks at how using charts can identify which currency pair may offer a solid trading opportunity and then looks at a couple of ways to take advantage of that opportunity. This presentation is designed for new and experienced forex traders.

Jobless Claims Fall to Lowest in Seven Months

The number of Americans filing applications for unemployment benefits fell to the lowest level in seven months, a sign the recovery may be encouraging companies to limit cuts in headcount.

Jobless claims fell by 10,000 to 390,000 in the week ended Nov. 5, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for 400,000 new claims. The number of people on unemployment benefit rolls decreased, while those getting extended payments rose.

Greece names former banker Lucas Papademos as new prime minister

ATHENS — Senior banker Lucas Papademos was named Thursday as the prime minister of the new Greek interim government, charged with keeping the debt-strapped country out of bankruptcy and firmly in the 17-nation eurozone.

Top 10 Mistakes Traders Make

Achieving success in futures trading requires avoiding numerous pitfalls as much, or more, than it does seeking out and executing winning trades. In fact, most professional traders will tell you that it's not any specific trading methodologies that make traders successful, but instead it's the overall rules to which those traders strictly adhere that keep them "in the game" long enough to achieve success.

Learning to Trade the Forex Market

Getting started

The beauty of forex is you can get started right away without any money and without having any idea what you are doing. To do this you open what is called a demo forex account. In your demo account you trade with fake money and you have fun learning how to trade for real. Your goal is to build a sustainable track record of successfully trading with fake money. Once you have done this you will be ready to try trading with real money.

The transition from fake money to real money can be tricky. Sort of like learning to fly in a flight simulator and then flying a real airplane for the first time. Each time you enter the flight simulator your skills will be improving and your confidence increasing, until you get to the point you feel you are ready for the real thing. In theory, if you master the flight simulator, the real airplane will not be a problem.

Forex Tutorial

Hello my good friends;
Welcome to my free tips and tutorials on how to trade FOREX successfully.
Today, we will start from the basics for those of us who are new.

FOREX is all about trading foreign currencies Online; as simple as it is, a lot of people are not succeeding in the business. FOREX is among the easiest internet business or Online  home business ; you can start earning good profit within a couple of days if you know what you are doing. You trade two currency pairs simultaneously with FOREX. An example is EUR/USD; in this quote, EUR is the base currency and USD is the counter currency.
When EUR is very strong from the analysis you derived from the market or news agencies, you buy the EUR and sell USD simultaneously(buy). Secondly, when the odds are against EUR, you sell EUR to buy USD(sell).