FXstreet.com: Education

Fear and Excuses Can Create Disaster

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Mon, 01 Dec 2008 14:56:46 GMT

When the market becomes volatile or a series of trades produce loses, it is easy for us to become fearful. We then start to verbalize excuses as to why we even executed those trades or why we use the trading strategy that we use or any of a long list of items. Listen to the author's thoughts We Need To Do What We Have Never Done Before By seeing the areas that we have strengths and keeping them on a path of growth along with honestly working on those areas that need strengthening, each of us

Forex Books

forex@fxstreet.com (FXstreet.com) — Tue, 25 Nov 2008 09:14:25 GMT

Index of contents Forex Basics Technical Analysis Forex Strategies Market Psychology Education Related Topics FEATURED BOOK The FX Bootcamp Guide Title: The FX Bootcamp Guide to Strategic and Tactical Forex Trading Author : Wayne McDonell Synopsis : This book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market

Patience, Preparation and Performance

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Wed, 19 Nov 2008 15:49:09 GMT

Everything is difficult before it becomes easy. With the current volatility of the financial markets, it is extremely important that each of us resolve to be patient in our decisions and not make snap judgments. These can create future disaster. The most successful individuals around the world have a foundation of processes that they utilize consistently, no matter whether the markets are trending with clear direction or being extremely volatile. Each of us needs to be patient and allow the

Is the Grass Really Greener?

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Wed, 19 Nov 2008 15:47:37 GMT

The grass is always greener on the other side of the fence, yet we still need to cut, weed and water it. There are many aspects of today's society that can cause each of us to not be able to enjoy our successes because we are told to expect more even when we do surpass a target. Sometimes we reach new heights and then beat ourselves up because we could have done better. A trader can become very depressed if they only focus on what they could have made if they would have stayed in longer or

Introduction: Getting Started In Forex

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:50:01 GMT

Over a trillion dollars per day is exchanged on the foreign currency market. The Forex market is used by smart traders for speculation, hedging and long-term profit taking. You can trade in the foreign currency market. It is available to anyone and everyone. Take our Forex Essentials course and follow our analysis to get started in this exciting market. Overview: Learning the Forex with us There are a couple things you need to know about this course and our educational philosophy. We believe

Part 3: The Time

fxquestions@forex-trends.com (Forex-Trends.com) — Tue, 18 Nov 2008 07:18:14 GMT

Now I would like to talk about time. Timing in the market has big impact for the trading account, but so big as choosing the right direction. But even choosing the right direction after some time market will turn around and if you miss right time to get out, all the profits will go away. Based on previous sentence looks like timing is everything. I still think it is not. By my opinion it is better wrong timing than wrong direction. So why I would like to spend all article just talking about

Trading Ranges − ITC 2008 presentation

info@odomandfrey.com (Odom & Frey Futures, FOREX & Options) — Wed, 12 Nov 2008 11:48:34 GMT

Sumary: What is a range? The Trend is your friend? Ranges can be found in all time frame you use. My preferred ranges Range traders do not need to predict the future!? Basic Swing Trading set ups Swing trading setups continued Why do ranges develop? Placing stops in range trading. Putting all this to use... Derek Frey's presentation at the International Traders Conference (ITC) , held in Barcelona in October '08

Important Things to know about your Currencies

editor@forexjournal.com (The Forex Journal) — Tue, 11 Nov 2008 16:47:19 GMT

This article is taken from the Forex Journal (October 2008 issue). The author, Sunil Mangwani , is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis. Sunil Mangwani provides valuable insights into the relationships that exist between various major currency pairs and other major commodity markets. Intermarket

Choose wisely Dr. Jones, choose wisely

editor@forexjournal.com (The Forex Journal) — Tue, 11 Nov 2008 16:59:25 GMT

This article is taken from the Forex Journal (July 2008 issue) The author, Richard Morrish, is Head of M I G’s Research Department. He has been a trader for the last 23 years for international banks, hedge funds and himself. A regular contributor to CNBC for the last five years, Richard has also lectured on global macro hedge fund strategy and technical analysis. He has traded all asset classes from Forex to bonds to commodities. He is regarded as one of the leading technical trading

The FX Bootcamp Guide to Strategic and Tactical Forex Trading

forex@fxstreet.com (FXstreet.com) — Thu, 27 Nov 2008 08:56:28 GMT

Leave your feedback and comments about Wayne's book!

Break Out Trading - ITC 2008 presentation

p_newton69@trading-strategies.info (Trading Strategies.info) — Mon, 03 Nov 2008 17:11:31 GMT

What you can expect to learn Three simple questions to ask before you place a trade What I class as a range How to identify range trading opportunities How to assess them for potential How to trade a range break out And a few other surprises Phil Newton's presentation at the International Traders Conference (ITC) , held in Barcelona in October '08

Developing the Trader's Mind: Strategies for Long Term Success - ITC 2008 presentation

rob@robbooker.com (TraderRadio.net) — Thu, 30 Oct 2008 17:06:08 GMT

Summary I’m different. The Market will always come back Heart Of Darkness You have to work on your mind every day Excessive idealism Loss aversion Accumulation Risk & Preference Patience Gratitude Generosity Rob Booker's presentation at the International Traders Conference (ITC), held in Barcelona in October '08

Trading the Hidden Divergence - ITC 2008 presentation

shellcon@eth.net (FibForex123) — Thu, 30 Oct 2008 16:29:07 GMT

Indicators in technical analysis. Indicators along with chart patterns, trend lines, resistance / support levels etc., are an essential part of technical analysis. But there is a common misconception, that the use of indicators can predict the future price action. Logically, if one looks at the calculations of the technical indicators, they are based on the price movement, so they would obviously mirror the price movement. When price rallies, the underlying momentum in the price causes the

Gaining an Edge with Sentiment Indicators - ITC 2008 presentation

info@fxcm.com (FXCM) — Wed, 29 Oct 2008 12:24:28 GMT

Summary I. Trends – A Produce of Psychology II. Sentiment Indicators III. Elliott Wave Introduction and Setups IV. Speculation as a Fine Art V. Forecasts Jamie Saettele 's presentation at the International Traders Conference (ITC), held in Barcelona in October '08

Stop those stop losses: A common sense approach to risk management - ITC 2008 presentation

fxstreet@dayforex.com (DayForex) — Wed, 29 Oct 2008 11:56:24 GMT

DARE TO BE DIFFERENT: Success with unpopular forex trading strategies Dirk Du Toit 's presentation at the International Traders Conference (ITC), held in Barcelona in October '08

1. What is the forex

feedback@learningmarkets.com (LearningMarkets.com) — Mon, 24 Nov 2008 09:02:27 GMT

The Forex market is the largest financial market in the world. More than $3 trillion in foreign currencies trade back and forth every day. Forex stands for the FOReign EXchange—the financial exchange on which governments, banks, international corporations, hedge funds and individual investors exchange foreign currencies. How does the forex work? When you fly to another country, one of the first things you do when you get off the plane is look for a place you can exchange your U.S. dollars for

2. Supply and Demand

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:09:06 GMT

Supply and demand drives the forex market The Forex market, just like every other market in the world, is driven by supply and demand. In fact, understanding the concept of supply and demand is so important in the Forex market that we are going to take a step back into Economics 101 for a moment to make sure we’re all on the same page. Having a good grasp on supply and demand will make all of the difference in your Forex investing career because it will give you the ability to sift through the

3. How Trading Works - Interbank and the Forex

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 10:01:14 GMT

The forex market has many players, large and small As discussed before, like most markets, the forex essentially works because many participants are buying and selling a fairly uniform product. Currency contracts at the retail level are most often denominated in 100,000 or 10,000 units of the base currency in the pair. There are many dealers who will break a lot into units smaller than that, but a full-size 100K or mini-size 10K lot is the most common. Forex dealers can be classified as

4. Choosing a Dealer

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:11:11 GMT

This is a topic most traders are passionate about. Because the retail forex market is dominated by short- and medium-term traders, most forex dealers have a focus on quality and ease of execution to cater to that trading style. But there are still significant differences between dealers and you need to understand these in order to pick a preferred dealer. In this section, we will discuss the internal characteristics, as well as well as the external benefits you should look for in choosing a

5. Forex Pairs - Characteristics and Qualities

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 10:04:30 GMT

Classifying the forex as an investment type If you are interested in higher yields and can tolerate high risk there are bonds and small cap stocks that fit that description neatly. If you are interested in technology companies or environmentally “green” companies there are convenient ways to find equities or private investments that fit those categories. Putting forex pairs into categories in a like manner is much more difficult. Currencies reflect the performance and policies of entire

6. Earning Interest in the Forex

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 09:27:18 GMT

Forex trading accounts have interest considerations "Interest," "roll-over," "tomorrow-next," and "cost of carry" are all terms used by dealers to describe the premium paid or charged on each forex pair. Each pair has an interest payment and charge associated with holding the position long or short. On some pairs, a payment may be made if you are in a long position, and a charge is made if you are short the pair. But on other pairs, an interest payment may be made if you are short and a charge

7. Margin and Leverage

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:26:26 GMT

Understanding risk in the forex When you buy a currency, it's different than buying a stock. When you buy shares of a stock, the maximum amount you can lose is the face value of your investment. You buy 100 shares of a stock at $10 per share, and your maximum loss is capped at $1,000. When you buy a currency contract, you are speculating on the value of one currency compared to another. The risk is therefore unlimited, as theoretically, the value of a currency can fall against another

Rediscovering Gann's Law of Vibration

editor@traders-journal.com (The Trader's Journal) — Wed, 22 Oct 2008 15:20:36 GMT

This article is taken from the Trader's Journal magazine (October 2008 issue) The author, James Smithson , is an investor, trader and student of Gann based in London, England. James Smithson discusses the discovery and use of Gann’s ‘Law of Vibration,’ a method for accurately forecasting the trends of the stock and commodities markets William D. Gann (1878 – 1955) was an outstanding technical analyst. He was also a prolific teacher of how to make speculation a profitable profession, writing

A Great Play on the Silver Market

editor@traders-journal.com (The Trader's Journal) — Wed, 22 Oct 2008 14:56:37 GMT

This article is taken from the Trader's Journal magazine (October 2008 issue) The author, Sol Palha , reads widely conventional and non-conventional texts on all aspects of technical analysis and market timing. He has been studying the markets for over 15 years and continues to work on developing new timing tools and updating the existing ones. Sol Palha discusses the long-term prospects of Coeur d’Alene Mines Corporation (CDE – NYSE). In this article, he presents his fundamental and technical

Decide to Be a Learner

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Mon, 20 Oct 2008 17:11:26 GMT

The world is changing rapidly every day. All financial markets move from a smooth pathway to a very volatile environment in the blink of an eye. For each of us to continue to reach and exceed our goals and objectives, we cannot sit still. If we think that we are educated and expect to sit back and just use that knowledge to achieve what we desire, then we are going to receive a big surprise. Only when we decide to continue learning will we stay on a pathway of continued success. Listen to the

8. Short Term vs. Long Term Trading

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:27:15 GMT

Focus on consistent, long-term growth. The Forex is not a get-rich quick market. At PFX, we are known for advocating longer-term trading strategies over shor-term trading. In this section we will explain why we feel that way and help you understand some of the advantages of long-term trading over short-term trading. To be clear, while we feel that long-term trading is advantageous over short-term trading (Especially for new traders), we understand that many traders enjoy operating in the very

9. Forex Futures vs. Spot Forex Accounts

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:28:01 GMT

You can trade through a Forex Futures account or a Spot Forex Account You will see a lot of marketing materials out there explaining why the spot market is so much better and cheaper than the currency futures market, but how much of it is fact and how much is hype? What are the real differences between these two closely related markets? Is it really cheaper to trade spot forex? Aren’t there also advantages to trading futures? This is an important topic because so many of the differences are

Change Is Always A Challenge

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Fri, 17 Oct 2008 08:01:15 GMT

As traders it is so easy to criticize our trading strategy when results do not meet our expectations. The last thing we want to do is acknowledge that we might be making mistakes. However, rarely does a proven trading strategy continuously deliver poor results without the discovery of a trader making changes in the steps due to unproven gut feelings, revenge tactics, fear, greed and so many other emotions that arise when we try to outsmart the market. For all of us to enhance our skills and

Being In Control Requires A Decision

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Fri, 17 Oct 2008 07:59:25 GMT

Our thoughts, attitudes, words, actions, habits and character are what determine our destiny. As a trader, each of us needs to decide that we will be in control of each and every session. We must understand and accept that the way we respond to great successes as well as disappointing losses has a huge impact on how we approach our next trading session. Trading is a skill that we add knowledge and new objectives on a daily basis. If we stand still, the market will become more difficult to

You Will Never Get Wet Unless You Jump In

admin@tradingpostfinancial.com (www.TradingPostFinancial.com) — Fri, 17 Oct 2008 07:53:14 GMT

We all can probably remember a time early in our life when we were standing on the edge of a pool or a boat dock and being encouraged to jump in. We waited and waited and sometimes never jumped in or maybe we jumped in immediately. Those same feelings are still with us today when we trade. The world around us has a way of instilling indecisiveness in executing trades or exiting trades. If we have developed a proven process of risk management, money management and a strategy that has been

10. Fundamental Analysis in the Forex

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 09:32:41 GMT

Analyze fundamentals and technicals We have found that traders tend to focus on one type of analysis or the other (fundamental or technical) in their trading and will often completely dismiss other types. We encourage traders to spend the time it takes to understand the underlying forces moving the market (fundamentals) as well as what is happening in price, volume and volatility (technicals.) To that end, let’s define Fundamental Analysis. We separate fundamental forces into two categories: A

11. The Calendar and Economic News

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:29:04 GMT

The news in the forex is mostly economic. Aside from central bankers, there are very few “personalities” that can move the market very much. Unlike the stock market, where each company represents a micro-economy, currency prices reflect the entire economy. Because forex news comes mostly from government and association sources, it can seem a little boring and all the acronyms are tough to keep straight. We can help with those issues and help you turn the news into a productive tool you can use

Riding the forex rollercoaster

info@dbfx.com (dbFX.com from Deutsche Bank) — Thu, 16 Oct 2008 12:19:58 GMT

The past few weeks have been some of the most challenging I have seen in my 25 years working on Wall Street. Not surprisingly, the bad news and volatility that’s been occurring in the credit and financial markets has also spilt into the foreign exchange (forex) markets as well – and we’re seeing significant volatility across currency pairs, particularly where the US Dollar is involved. Here’s proof. Looking at the daily price movement in EUR/USD from 5 PM NY to 5 PM NY time, we have, over a

Part 2: Trading method

fxquestions@forex-trends.com (Forex-Trends.com) — Mon, 17 Nov 2008 16:01:24 GMT

From the previous article we know that market can be flat or trending. From the examples, we have got some idea how any of those markets looks like, but all those examples been shown as trend or consolidation already happened and big possibility that market is going to do something else. Question is : how to get into the trending market from the beginning or start trading in the range? In this article I am going to show how to draw support and resistance lines and trend lines and those lines

12. Introduction to Charting and Technical Analysis

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 09:54:25 GMT

Don't get overwhelmed. Stick with technicals and you'll learn This is a subject we are quite passionate about at PFX. Charting is the core of the analysis done by a technician. Reading and analyzing charts is something that you get better at with time and experience. But if it's not harnessed correctly, it can also become almost hypnotizing and lead to “ticker-itus,” a dangerous condition that borders on obsession as a trader spends more and more time staring at charts and indicators and less

13. Support and Resistance

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:30:02 GMT

You gotta love the trend Buyers and sellers are in a constant tug-o-war in the forex market. Buyers drive the prices of currency pairs higher, and sellers drive the prices of currency pairs lower. If you want to be profitable in your forex investments when buyers are in control, you need to follow the trend and be a buyer too. If you want to be profitable in your forex investments when sellers are in control, you need to follow the trend and be a seller too. Seems pretty easy, right?

14. Fibonacci Analysis

feedback@learningmarkets.com (LearningMarkets.com) — Thu, 20 Nov 2008 09:56:15 GMT

No, it's not a type of pasta Fibonacci analysis is a great way to improve your analytical skills when trying to identify support and resistance levels. Fibonacci analysis is based on the Fibonacci series of numbers. These numbers have been developed and explored by mathematicians for centuries and are named after Leonardo of Pisa (Fibonacci) who did a lot of work to popularize them in 13th century Italy. The number series starts with 0 and 0 and then is continued by summing the previous two

15. Price Patterns

feedback@learningmarkets.com (LearningMarkets.com) — Tue, 18 Nov 2008 17:31:14 GMT

Watch for red brake-lights Price patterns are a lot like the brake lights on the cars around you when you are driving in traffic. When you see the brake lights come on in the car in front of you, you know that the car is slowing down and that you need to slow down too unless you want to crash into it. What you don't know is whether the car is going to accelerate and continue moving in the same direction after it slows down, or if the car is going to come to a complete stop and change

Fixed Spreads Vs Variable Spreads

trading@cmsfx.com (CMS Forex) — Tue, 30 Sep 2008 14:45:04 GMT

How Spread Structure Affects Your Bottom Line as a Trader Fixed Spreads vs. Variable Spreads When looking for a prospective broker, it is important to research how they price their spreads. Over time, the spreads that a trader pays ends up costing a significant amount, and should be a key consideration when choosing a Forex broker. Forex brokers generally offer two types of trade spreads, variable or fixed. So, which is the better option? Opinions differ amongst traders and it does depend on

Perceiving Forex Volatility via Descriptive Statistics... Deriving Trending and Reversals - Part 2

mwhistler@cg3.com (TradingMarkets.com) — Tue, 30 Sep 2008 13:22:29 GMT

Even when traders embody substantial technical and fundamental knowledge, risk prevails without the proper understanding of the larger probability/volatility paradigm behind currency trading. Here, traders are encouraged to boldly challenge typical preconceived notions of charting, in an effort to see beyond the fallacy of technical analysis. In the end, traders who understand descriptive statistics will find greater clarity and perception of volatility, before it even appears. Words of