A Forex demo account is one of the most important components of the forex market. As a newbie trader you actually do not have that many chances of perfecting your craft without losing a substantial amount of money. A Forex demo account is something which makes it possible for you to practice as much as you would like to and explore the functionalities of the platform without investing real money. Let us find out how a forex demo account works. Read on to find out more in this regard.
Continue reading Forex: A Definite Guide to Demo Accounts
We have received some emails asking how the world of trading property inside, their advantages, disadvantages, alternatives, etc … After a time one stares trading where he has spent and is coming to conclusions about everything involved in this world.
The key question is: How do I live in the bag?
As you can see from the title of the post, there are four main types of people entering the market (we could rush to a fifth type, the employee of a broker, but I will ignore this, since this does not work, he seeks the spread (commission) and operates in the market). As I was saying, there are four types of people in the markets:
During the trading session in New York, which closed the week, the price of crude oil was found to be declining, reaching below $ 100 a barrel. More precisely, the value of oil has fallen by 4.05%, closing the week at $ 98.49 a barrel, the lowest price for 3 months now. It was, in fact, since last February 7 that oil did not reach these levels. The data is very important considering the fact that the U.S. is the largest economy in the world and the world’s largest consumer of oil.
Continue reading Crude oil prices declined in New York
EUR / USD
For the session today we may consider the opening of a long position in the case where the value of this exchange ratio should rise again until break upward the proportion of 1.3210, placing the first target at an altitude of 1.3230 and the second lens 1.3260 share. If the price falls to the bottom to break up the share of 1.3180, then we could open a short position with the first target 1.3160 and 1.3140 second goal.
Continue reading Analysis of the Currency April 23, 2012
EUR / USD
For the trading session today, we might consider opening a long position if the price were to break upward the value of 1.3150, setting a first target share 1.3170 1.3190 share and as a second goal. If the price falls to the bottom to break up the share of 1.3070, we could open a new short position with the first goal at a height of 1.3050 and 1.3030 share for the second goal.
Continue reading Analysis of the Currency April 19, 2012
It ‘s essential that a trader has confidence in his trading system. Why? If confidence were to be lost, traders could no longer follow its trading system, strategy, blasting everything that worked. The process of back testing, in this sense, is designed to give greater confidence to the trader, in addition to helping the traders to familiarize themselves with the inevitable fluctuations of capital that you encounter when you open a position.
How does the back-testing of a strategy forex ?Starting from a back-test is able to offer a large amount of feedback and statistics relating to a trading foreign currencies, it can be run on a mechanical or discretionary. There is a greater absolute validity of one of two approaches, because the choice depends on the system that you intend to try. One advantage of the discretionary approach is that you will be familiar with the approach of using the trading strategy.
Continue reading How can you do the back testing a strategy?
The behavior of the parity is still as strange by his good held since early this week and we are consolidating in a range close between 3080/70 and 3150. Important news at 10:30 with a Spanish bond issue that will retain the attention of financial markets. Our advice in the morning, 3150 will be our strength intermediate between a return to 3080/70 and up to 3220/40. The bear is 30 mins but it is only a consolidation as can be seen on the graph. The 4am is bullish, but again there too, it was not until the consolidation is expected and 10:30.
Normally, the requirement should be taken out without problems, and relieve the euro, perhaps allowing him to return 3150 test and why not spend this point for 3180.
Continue reading Technical analysis of forex market April 19,2012
Looking around three quarters of people are decomposed, a little less than one quarter are constantly in search of motivation. Monotone work, coolly performing only a few tasks. On decomposing not much to say, to some extent, just a pity those people who can not bring himself to act in a simple way – too lazy. But the rest of this quarter, which, like, all are aware of, but something prevents them forever on the way to the execution of goals. And then they start looking for motivation.
In the first place, they begin to read about the success of others, I understand that this is encouraging, but the interest of others’ success should not become a hobby. If it is necessary – choose their idol, but take action. Plan and turn ideas into your head can be infinitely long, but if you do nothing, nothing will change in a pipe dream. It will be easier to understand what I mean, if you give real life examples.
Continue reading For those who are looking for motivation
The Eurodollar is above 1.31 since yesterday. This is somewhat surprising,
but the success of the Spanish auction yesterday reassured the markets. Our advice in the morning, we will resume the same points yesterday, namely, the area of 3105/10, as purchasing through area with stoploss below 3105 3095 to 3150 for a return on the intermediate resistance. Above this point, the trend remains bullish for 3180/70 and below, the sellers take back the advantage.
Continue reading Technical analysis of forex market April 18,2012
EUR / USD
To our currency is expected in Spain and Spanish bond sales, which will take place Thursday. For today’s session we might consider opening a position in buying if the price exceeds the upside 1.3150, setting a first target share 1.3170 1.3190 share and as a second goal. If the price were to break downward to 1.3090, then we could open a position in sales with the first target 1.3060 and 1.3030 share of the second goal.
EUR / GBP
For the trading day today we could open a new long position if the price were to break the rising share of 0.8280, by fixing the first lens portion and the second lens 0.8300 0.8320 share. If the price were to hand down to break the downward portion of 0.8240, then we could open a short position with the first goal and share 0.8220 to 0.8200 second goal.
Continue reading Analysis of the Currency April 17, 2012