miércoles, 30 de marzo de 2011

EUR/JPY Goes Up on Interest Rates Prospects


The euro advanced against the Japanese yen today on the speculation that the European Central Bank will raise the interest rates on its next meeting, while the Bank of Japan will likely keep its rates unchanged. The currency slipped versus the US dollar.
The good economic data supports the anticipation of higher interest rates. The consumer spending in France rose 0.9 percent in February, while the inflation in Germany is expected to show strong growth.
EUR/JPY rose from 115.09 to 115.89 as of 13:12 GMT today. EUR/USD retreated to 1.4059 after rising earlier from 1.4086 to 1.4148.
If you want to comment on the euro’s recent action or have any questions regarding this currency, please, feel free to reply below.

Source: http://www.topforexnews.com/

miércoles, 23 de marzo de 2011

Best Forex Strategy


What is the best forex trading strategy? If you have been searching for currency trading strategies you might have come across various strategies. New traders are always jumping from one strategy to another looking for the best forex strategy online. You can visit online forex trading forums, attend forex training programs or read forex books, but you will soon notice that there are a number of forex trading strategies and each one of them claims that it is a winning forex strategy. So how do you know which is the best forex strategy? The truth is that there are many winning strategies and the best forex strategy will depend upon your currency trading system. Remember the old saying, there is more than one way to skin a cat!
For instance a forex strategy might work extremely well if you are trading with the aim of long term profits while the same strategy might not do good if you are more into day trading or looking for short term profits.

The key is to find a winning forex strategy and sticking to it. So, how do you find a profitable forex trading strategy which works best for you? Here is are some guidelines.

3 Golden Rules of Forex Trading Strategy

There are certain guidelines that any forex trading strategy should follow and these are true for everyone. These guidelines are called the golden rules of trading.
1. Trend is Your Friend
Always follow the trend. Majority of the forex trading strategies and systems concentrates on identifying trends and that is a right approach. Do not try to go against the trend and depending upon the rising or falling trend, choose to go long or short as appropriate. Resisting the trend will result in losing your money in most cases.
2. Goal Setting for Individual Trades
Before you enter a trade set a clear profit goal. This means you know when close the trade and exit. Sometimes people get greedy and try to stay in there with the hope of making more profits. New forex traders often commit this mistake. They might even get few high profit trades only to see that finally a huge drop in currency price destroying all their funds.
Similarly, if a trade goes against you, do not try to hold on in the hope that the market will turn back your way. In such a case your forex trading strategy should be to cut your losses and get out and when you set proper goal for each trade you know when to quit. You can also make use of stop losses to do this automatically.
3. Protect Your Funds
Forex trading is of course a risky business. However risking too much on one trade is a mistake you should avoid. Even experienced traders fall in this trap. You may have strong confidence on a particular trade, but never risk too much money on a single trade. You may feel that nothing will go wrong with that trade, but anything can go wrong in forex trading.
So how much risk is too much? The amount of risk depends on your funds and the forex trading strategy you use. I would say risking 2% of your fund per trade is a safer option though you could go up depending upon the trade. However never risk more than 5% of your balance for a single trade. Also remember that if you go with a fixed percentage, as your profits and funds increase the amount of money you risk in each trade will increase.
The above three golden rules will serve as a guideline when choosing the best one from the forex strategies or while developing your forex strategy.
Source: http://www.thepowhatan.com/


lunes, 21 de marzo de 2011

Best Forex Strategies for March 2011

Learn to trade forex here , learn price action forex strategies that work.

jueves, 17 de marzo de 2011

Trading Forex Using A Currency ETF (Exchange Traded Fund)


Most people who trade the forex markets do so through one of the many different forex brokers that are available. However if you are interested in taking a long term view on a particular currency pair, you do have another cost-effective option and that's to buy the corresponding currency ETF (exchange traded fund).

If you don't already know what an exchange traded fund is, it is basically just a vehicle that tracks a certain instrument (or group of instruments). So for example a crude oil ETF will move in accordance with the underlying crude oil price and a wheat ETF will move broadly in line with the price of wheat.

You can find exchange traded funds for pretty much anything these days including stocks, bonds, futures and commodities. Plus you can of course find plenty of currency ETFs that track various different currency pairs, which is obviously the focus of this article.

These instruments can be bought and sold like ordinary stocks so you don't need to use a forex broker at all. You can simply log in to your share dealing account and trade them as part of your overall investment portfolio.

So for example if you think the GBP/USD pair is set to move a lot higher in the coming months and years, then you may wish to buy a GBP/USD ETF and treat it as a long term investment. Similarly if you are bearish about the British pound against the US dollar you could buy the corresponding USD/GBP ETF or you could buy a short ETF for the GBP/USD if this is available in your country.

You have lots of options. You can even buy leveraged instruments if you so wish. These work by giving you 2x your overall gains. So if the GBP/USD were to go up by 10%, for example, you would make approximately 20% instead of 10%. However they are of course very risky because you can also lose big amounts of money as well, and overall I would say that they are more ideally suited to short term traders rather than long term traders because of the costs involved.

Anyway the point I want to make is that if you think a particular currency pair is undervalued, or you are confident that a specific currency is really going to strengthen in the long run, then you might like to consider buying currency ETFs for your investment portfolio. They can be bought and sold really easily and they are great for anyone looking to take a long term view on a particular forex pair.

martes, 15 de marzo de 2011

Fire reignites at Japan nuclear reactor. Forex cautious



Reporting from Sendai and Tokyo, Japan Fresh setbacks, including another blaze at a crippled reactor, bedeviled Japanese authorities Wednesday as they struggled to contain the world's worst nuclear crisis in a quarter of a century, and survivors of the devastating earthquake and tsunami suffered through shortages, bitter cold and overnight snowfall.

Troubling new estimates emerged of the extent of damage at the Fukushima No. 1 (Daiichi) nuclear plant about 150 miles north of Tokyo.

Elevated radiation levels detected a day earlier in the vicinity of the plant imposed a creeping sense of isolation, with greater numbers of foreigners leaving, rescue crews mindful of exit routes and international flights being diverted away from the capital.

Photos: Scenes of earthquake destruction

Tens of thousands of residents within a 20-mile radius of the plant were essentially trapped indoors for a second day Wednesday, urged again by authorities to avoid going out unless it was an emergency. That posed a conundrum for those who have already been scrambling to obtain basic necessities; food, water and medicine have all been hard to come by in the area hit by Friday's magnitude 9 quake and the tsunami that followed.

"Yesterday we ate a bit of rice and one egg," said Yoshiko Tsuzuki, 55, a homemaker standing beside her husband and 16-year old daughter in a line outside a grocery store near the battered city of Sendai. "We're hungry. I want to buy water and anything to eat. We need everything."

It remained unclear why a country renowned for its efficiency has been unable to marshal convoys of supply trucks into the disaster area, as China did after its 2008 earthquake. Though military vehicles were evident, few emergency supplies were seen on the major arteries from Tokyo into the hard-hit Tohuku region and points south.

Even in cities that lie well outside the earthquake zone, daily life was increasingly becoming disrupted by rolling blackouts and the curtailment of Japan's much-vaunted transit network, both of which will be key to restarting the engine of the world's third-largest economy. Stock prices stabilized Wednesday after tumbling for two days, but there was deepening gloom over the long-term financial outlook in the wake of the worst earthquake in the country's recorded history — a concern even among survivors who have far more immediate and pressing fears.

"I'm worried in the long term about Japan's economy," said Yoshiko Konno, in her 60s, as she charged her cellphone at a community center in Sendai. "Just think of one example — oysters! Are Americans and Europeans going to want to import Japanese oysters if they think there is a danger of radioactive contamination?"

Five days later, the true scale of the disaster is still unknown. At least 10,000 people are feared dead, a tally that is expected to take weeks to finalize. About half a million others have been displaced by quake and tsunami damage or the evacuation triggered by the emergency at Fukushima, a once-obscure nuclear plant that is now the focus of worldwide scrutiny.

The cause of Wednesday's blaze at the Unit 4 reactor — also the scene of a fire the day before — was not immediately known. The plant's operator, Tokyo Electric Power Co., known as Tepco, said radiation levels were too high for firefighters to get close. Later, authorities said the blaze seemed to be subsiding on its own, as the one the previous day did. But hours later, public broadcaster NHK showed breaking aerial footage of a plume of white smoke rising from the reactor.

At the plant, where a small cadre of workers in protective gear remained doggedly on the job, desperate and improvisational measures have become the rule. Tepco said it was considering using a helicopter to douse a boiling storage pool filled with spent fuel rods. The spent rods are usually submerged in the pool next to the Unit 4 reactor, which was not operating when the earthquake and tsunami struck.

But government officials said the helicopter plan had been ruled out as too difficult. Yuichi Sato, a spokesman at Japan's Nuclear and Industrial Safety Agency, said the company was weighing options, including using firetrucks to shoot water into the reactor building.

Tepco has been sharply criticized for its handling of the crisis at the plant, where three of the six reactors have been rocked by explosions caused by overheating in their core containment chambers. The quake and tsunami knocked out power to the cooling systems, triggering a series of breakdowns and missteps that exposed fuel rods to the air at one reactor and released dangerous levels of radiation outside the plant.

The company said an estimated 70% of the fuel rods had been damaged at the Unit 1 reactor and 33% at the Unit 2 reactor. Nuclear safety agency spokesman Shigekatsu Omukai said the utility reported the figures to the agency Wednesday.

Spent fuel at the complex is an increasing focus of concern. Tepco had moved all of the rods from the Unit 4 reactor to the spent-fuel pool sometime after Dec. 1 as part of routine maintenance, meaning the pool contained not only all of the rods accumulated from many years of service but also all of those currently in use.

If the pool was jam-packed with rods, they would generate significant heat and, once the water stopped circulating after the tsunami, its temperature would begin rising, eventually reaching the boiling point. If the water boiled long enough without being replenished, it would expose the rods to the air.

In 2006, the National Academy of Sciences issued a report warning that a loss of cooling water or circulation could trigger a catastrophic fire in a spent-fuel pool that would result in large releases of radioactive material. If the rods become exposed to the air, their zirconium tubes begin to react with oxygen and heat up even more, a type of oxidation fire. At some point, the material inside the tubes melts and can release highly radioactive isotopes such as cesium-137 and iodine-131.

The report was prompted by concern about a potential terrorist attack, but the physics would be exactly the same in the case of a loss of coolant from a natural disaster, said Kevin Crowley, director of the nuclear and radiation studies board at the National Academies, who headed the study. The potential for a worst-case outcome in any kind of incident depends on how closely the rods are packed, the age of the rods, the size of the pool and how much fuel is in the pool, Crowley said.

Source: http://www.latimes.com/

martes, 8 de marzo de 2011

Dollar Rallies as Euro Retreats


The dollar rebounded slightly against the euro as renewed concerns about the euro-zone sovereign-debt crisis drew investors away from the single currency.

Heightened fears of spreading geopolitical risk in the Middle East and North Africa sent a wave of risk aversion through markets, causing U.S. stocks to fall and also appearing to lend the dollar a slight safe-haven bid.

Crude-oil futures moved higher on worries that heavy fighting in Libya would damage the country's oil infrastructure, and with protests planned for later this week in Saudi Arabia, investors shied away from riskier assets.

Source: http://www.wsj.com/

miércoles, 2 de marzo de 2011

Forex Trading Review For 2011!



Lets analyze how you can locate the best forex trading reviews in 2011. Reviewing products is one of the most profitable and enjoyable task to do. Before you buy any forex related program, you need first to do a review of the forex program. Reason being so as to find the most profitable forex trading tool or service.

There are a number of factors that should be considered while selecting a forex software or program. Normally these factors will help you decide whether to buy or not. Lets look at some of these Factors;

1) This year (2011) you should select a product that will produce high results during day trading. Meaning that your chosen product should have a high winning rate

2) Select a product that is widely used by most forex traders and financial professionals. For you to do this, go to any forex forum related and ask a question from their.

3) Chose a program or software that is capable of predicting the market by using the past and present information.

4) Make sure the forex signal has the indicator which can advise you on whether to trade or not. The indicator should work 24/7/365 days but without any human intervention.

5) While selecting a forex program, make sure the system has the money management feature that can control your spending even during emotional time.

The above are some of tops and tips of forex trading review. If you follow them, then your chances of making it big online will be realized very soon. Let’s look at some benefits and features of most forex robots that are being used by forex traders;

a) These robots can make money faster than manual trading

b) They control the level of spending and thus helping you in managing your money.

c) They can work with any forex broker even without the knowledge of the said brokers.

d) They have less trading risk.

e) They can trade 24/7/365 days without any interruption.

As you can see forex trading review is one of the most important tool in selecting a perfect forex software. If you want forex system, then you should consider automated forex robot.

Visit thisForex Trading Review Blog that will explain how to generate more profits and income for your currency trading business with Minimal risks.

Source: http://www.buzzle.com/