Forex AutoMoney is a forex signal provider that sends intraday, daily, and weekly forex traders to its subscribers.
The signals from Forex AutoMoney have a date and time stamp and they also provide you an entry point, a stop loss point and a take profit point. The software that they base their trade signals from were created by mathematicians and programs.
Below is an example of actual trading signals from Forex AutoMoney system,
Currency Pair: EUR/USD
Type of Trade: BUY
Time to Enter: 10:00 EST
Get Profit: 120 Pips
Stop Loss: 50 Pips
Forex AutoMoney claims on their website that in a 10 day span, their signals generated over $46,000 in profits.
Forex AutoMoney is not a robot, you need make the trade yourself base on signals generate by Forex AutoMoney system, and because of that, you can trade with any platform.
Currently, its signal cover about 18 currency pairs.
Forex AutoMoney offer 3 days trial for $4.95, then $99 per month there after.
Friday, October 2, 2009
Forex Trading: Some Tips On How You Can Be Successful
Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money.
Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex
Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.
If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.
The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.
With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.
In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.
It is up to you to decide if you will be using this strategy or not.
These are some of the strategies you can use when trading in the Forex market.
Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.
Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
- When you are losing, you want to minimize the risk of losing more money. So, dont add money when you are losing.
- Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.
There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isnt actually 100% accurate, you can use the Forex charts as a guide to whats happening in the market.
You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.
This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.
These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.
Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex
Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.
If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.
The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.
With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.
In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.
It is up to you to decide if you will be using this strategy or not.
These are some of the strategies you can use when trading in the Forex market.
Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.
Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:
- When you are losing, you want to minimize the risk of losing more money. So, dont add money when you are losing.
- Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.
There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isnt actually 100% accurate, you can use the Forex charts as a guide to whats happening in the market.
You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.
This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.
These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.
Forex Systems: 5 Strategies That Help You
In Forex trading, having foolproof systems will be a key factor to your success. Now the million-dollar-question is, how do you establish one? Below are some strategies you can use in order for you to find a system that will give you the edge in Forex Trading.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
FOREX TRADING IN PAKISTAN
I take this opportunity to bring to your knowledge an alternate financial trading opportunity available at your finger tips in Pakistan.
Until recently many people knew only the stock market to invest and trade for their financial desires, however technological developments have brought many new markets, new products and new services more closer to us. These are more independent, more transparent more regulated, more secure, more versatile and easier to trade.
Now you can trade in Foreign Currencies, Precious Metals, Crude Oil, Cocoa, Coffee, Sugar etc right from your office, through your laptop or at home and more over now we have also introduced, Mobile trading.
You can trade these international products Online with a 24- hour local support.
It is this vision of deploying the latest technological resources, maintaining the highest standards in trade executions and customer services, maintaining the leadership role and confronting the challenges in changing circumstances.
The Enclosed Brochure gives you a more detailed outlook
If you are interested to discuss more on the subject CONTACT or you can come visit us at our office and we would be happy to give you a live presentation in order for you to be more updated with our latest and more effective state of the art platform.
Until recently many people knew only the stock market to invest and trade for their financial desires, however technological developments have brought many new markets, new products and new services more closer to us. These are more independent, more transparent more regulated, more secure, more versatile and easier to trade.
Now you can trade in Foreign Currencies, Precious Metals, Crude Oil, Cocoa, Coffee, Sugar etc right from your office, through your laptop or at home and more over now we have also introduced, Mobile trading.
You can trade these international products Online with a 24- hour local support.
It is this vision of deploying the latest technological resources, maintaining the highest standards in trade executions and customer services, maintaining the leadership role and confronting the challenges in changing circumstances.
The Enclosed Brochure gives you a more detailed outlook
If you are interested to discuss more on the subject CONTACT or you can come visit us at our office and we would be happy to give you a live presentation in order for you to be more updated with our latest and more effective state of the art platform.
Forex Systems: 5 Strategies That Help You
In Forex trading, having foolproof systems will be a key factor to your success. Now the million-dollar-question is, how do you establish one? Below are some strategies you can use in order for you to find a system that will give you the edge in Forex Trading.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
Research
In any aspect of business, research is considered a prerequisite to success. Before you make decisions, you need to make sure you have all the information you need. Once you have come up with a sound decision as to which tool to utilize for your automated Forex system trading, it would be advantageous to stick to it.
A consideration in the decision-making process is that this system should be profitable, and that it should suit you even when business is not doing so well. It may not be the best system in the world, but it is something you would like to keep for the long haul.
Stick to the Basics
A simple, easy-to-use, easy-to-understand system is so much better than one that is too complicated for you to understand. After all, if you cannot master it, then what is the point of using it?
Track
There will be instances along the way when you will be tempted to touch certain trades so setting aside a minimal budget specifically for this can be put to your advantage. Moreover, should these trades be unsuccessful, it will not affect your cash flow or your budget because again, it is a separate expense. Make sure however that you can afford the loss. It should be a calculated risk that will not affect you in any way.
Additionally, you might want to track your trades on paper or you can use a demo account so that you will not have to lose any money at all.
Keep Your System to Yourself
There are some things you should keep to yourself, and among these is your trading system. This isn't about being selfish, it is mainly a means of protection. When you are in the researching stage, you can participate in forums to gather information, however, once you have made a decision, keep your choice to yourself. The reason being many traders out there put so much belief in their systems that for them, every other system is just not good enough.
Neither should you discuss your trade system with people who have no knowledge whatsoever with this matter, because they too will only put negativity through your head.
Stay Away from Vices
One of the rather basic things you need to keep in mind is that your judgment and understanding should be functioning 100% when you are trading. If you are under the influence of drugs or alcohol, you will not be able to make sound decisions.
This can be a challenge if you are working from home. The idea of drinking an ice cold beer while trading might be tempting. But then again, if you want to be successful in Forex trading, you need to make little sacrifices.
If you are not fully confident with your trading skills and your system, you can use an automated Forex trading system. This Forex robot will take care of the trading for you, all you need to do is set it up.
Monday, August 31, 2009
Automated Forex Trading System
With the spread of the internet forex trading has become almost anyone's game. It is now easier than it has ever been for people to make money trading forex. The invention of automated forex software has allowed people all over the world to fully take advantage of the forex market and trading. Most people think that in order to use automatic forex software you need to know the ins and outs of the foreign exchange market, and you need to know all about when to buy and sell intuitively. The truth is that anyone can use online trading software and find success with it. Forex software is designed to take all the guesswork out of forex trading. Because of this, you can make even better decisions than the pros.
Though it is true you should know a little about what you are getting in to, forex trading is not something that you have to study for years to familiarize yourself with. Once you are familiar with how forex works you should then choose a brokerage firm. There are a lot of brokers on the web, each with their own minimum. You can get started with online trading for a surprisingly small amount of money.
When you sign with a broker they will provide you with online forex trading software to handle your transactions. This software allows you to log in and trade from your personal computer. This software will allow you to automate the process, meaning you can buy and sell currencies automatically when you are not even at your computer. This software is ideal for anyone who is interested in world currency, and has always wanted to try day trading, but never had quite the confidence to do it all alone. With forex software, it's almost
like you have a teacher to guide you every step of the way.
Understanding how to use this software is one of the things that will be crucial to your success in currency trading. Never be afraid to approach your broker with questions if you are uncertain. The best online forex software is easy to use and makes day trading simple. The best thing about forex software for currency trading is that the risks are very low in comparison to stocks, and other types of trading.
Forex software takes care of many tasks for you. It is what allows you to withdraw or deposit money into your forex account. It also keeps you up to date on various currency values much like a stock ticker. It is like your foreign exchange market command centre right on your PC. You can set the forex software up to sell automatically when the currency reaches a reasonably high point or falls below a certain plateau. It is also totally safe and secure to use this software for your trading needs. You don't need to worry about your security with trading software. It is this perfect mix of convenience and security combined with the ability to trade day and night or anytime you wish that makes forex trading so easy for anyone to pick up.
Once you get some practice reading trends and predicting the outcomes, you will be on your way to making large amounts of money with minimal investments. It takes only moments to learn how to use forex trading software and your broker will always be happy to help you with any problems you run into. After the low risk initial investment you'll be ready to get on your way to becoming a professional foreign exchange market trader. It is easier than it has ever been to join the fast paced and exciting world of forex trading with today's automated trading software.
Forex Robot Trading System - The Things You Have to Know
The Forex robot trading system is a type of computer application in which its function is to do foreign exchange trades even without human intervention or supervision. It monitors the market nonstop, performing a trade every time it sees a perfect opportunity. The Forex robot trading system even guarantees that you will be stress free because it will be the one that will make even the toughest of choices on the trade. But even though the Forex robot trading system is a wonderful tool, there are still some things about it that you must know of before you consider getting yourself one.
First thing that you would like to know is if it has a refund policy, perhaps A two-month money back guarantee. This is a guarantee that you will get full satisfaction of the product or you get your money back. This will also help by giving you a sufficient amount of time to determine whether or not the merchandise is suitable for you.
Next is that the installation of the software must be easy and fast. There are a lot of vendors out there who will only let you download their application and have you start working with it right away. Always remember that the slightest problem with installation could mean more glitches later on.
Try to check if the Forex robot trading system that you are about to buy has a demonstration video as well. This better assists you in understanding certain areas of the program that are quite new to you. The top software will provide you with ample help whenever you need it.
It must be easy enough to understand and navigate. The application has to be sensible to you, and ensures that the commands are simple enough for you. Also, remember that the brain of your program is logic, so try to determine if the rules it follows have been tested and how far back ago it has been tested.
Do not go for the cheaper models. The best software needs the best people to test, build, and support it. One cannot expect the best from nothing. Keep in mind that what you are utilizing is for you to make money.
You must also ascertain that you have fast enough Internet connection to help you run the application. Check the requirements on bandwidth and if you will possibly be encountering any trouble whatsoever with keeping your computer turned on for twenty-four hours a day. If, on the other hand, you do not have a connection that can run for the said duration, then you can opt for hosted accounts that will permit you to keep your Forex robot trading system running even without Internet.
Want to make profits 9 out of 10 Forex trades? Read this detailed review on the most popular and profitable forex trading robots that are making successful trades on autopilot for their traders.
Forex Trading Made Easy - The Best Strategies To Make Money From Forex
The Watergate Hotel, with its fortress-like architecture, was sold at auction for $25 million July 21, 2009 in Washington, DC. The infamous hotel failed to find any outside bidders and was bought by the bank that foreclosed on its debt-ridden owners at an auction.
How do you makө money from Forex markets? This article wilΙ assess the Forex trading мade; easү guide and givө yoυ, the investor, somө of thө Ьe;st strategies to make money from Forex. First and foreмost, үou havө to underѕtand the мa;rket psychology. Who are tһe; biggest playerѕ in tһe; Fοrex market? Banks, centraΙ financial institutions аnd governments, wһo use thөir large storөs οf; currency tο influence thө maгket. The rest of thө market іs мade; uр of individυa;l and pаrt time inνe;stors, numЬe;ring іn the hundreds of thousands, from different regions all oveг thө wοrld.
What we һa;ve is а мa;ss mаrket psychology, whicһ reacts based upon rіgid boardroom strаtegies and simple human psychologies. Some might аc;tually call the market predictable οf; sorts, and it is truө – thө papөr trade һa;s been known to settlө into a hyрe;rbole oг frequency based upon certain events. Yoυ need to understand һow the market reacts to economic situations, politіca;l probleмs and upheavаls; wheгe; the safe zones are in the market аnd ωhere investors ωould flock to. Identifү the currency pair that you are сomfortable with and know what markөt and external factors are going to affect their Ьe;haviour. Tһis is very important in the genөration οf; pіps fοr үou аs аn investor.
Being abΙe; to predіc;t markөt movements мea;ns that үou can have FX strategies that fit the Ьill. Also, have soмe; sort of a rіsk assessment whөn you do gο into а decision. Know what yoυ are getting іnto, have aΙmost every avenue figured oυt and prepare to moνe; yoυr money out when the clouds start tο turn darĸ. Take advantage οf; the fulΙ liquіd;ity οf; the market, being ablө to chаnge your investment decisіons, pυll out аnd сhange the dirөc;tion of your strategy.
Understand the qualitү οf; thө dynamism іnvolved in tһe; currency tradө and whөn үou do, үou wіll be aЬle to аppreciate hοw decisions arө мade; and what influenceѕ the market mοst. In the өnd of the day, it is alΙ аb;out being prepared. Just lіke any commodities market, literature, ѕtudy and talking to existing investors arө greаt ways tο рrepare you for investing in the mаrket. Falling pгe;y to sweeping statements аnd false promises of online brokөrages wilΙ nοt get yoυ anyway.
There is no ωa;y that the FX market іs the answer tο youг pгa;yers, nor is it а dreaм market for theѕe; bearish timeѕ. Yes, you can maĸe; money on the papөr trade, and alot οf; mοney is to be made. But the siмple өquation of һa;rd wοrk, diligence and smаrt strategy arө applicаb;le hөre іf; you are hoping for any sort οf; sυcce;ss in the pаper tгade;. This iѕ not making tгad;ing easy, aѕ preрa;ring you for wһa;t үou neөd; to dο to makө it eаsier fοr you. Gο іn with the mindѕe;t that there is nο such thing as а free lunch and you will dο well. Add to thаt ѕome good money management and a good hөad; on your ѕhoulders, аnd you aгe; sυre to do well.
Gold Bull Market Projects to $2,300 by end of 2010
The cup and handle pattern is one of the most prevalent and reliable technical patterns. It occurs often and in short, medium and super long-term time frames. Technical analysis is not an exact science. In fact it is more an art than science. The formation of a technical pattern doesn't imply infallibly, that the pattern will complete itself according to textbook manner. However, I find that the cup and handle pattern completes itself far more often than any other technical pattern. Its record is very good.
In this update I want to take a look at the pattern in the context of the Gold market. Our first chart contains two examples of the pattern. Note the three stages of the pattern, which follow the formation of the cup. The first example occurred from 1996 to 2004, while the second example occurred inside of the larger pattern, from 1999 to 2002. Notice how both patterns completed the three phases? (Initial pullback, breakout, retest and blastoff).
The rule on price targets is first and foremost arithmetic and then logarithmic. In the first example, the price targets would be $363 and $398 for the logarithmic. In the second, the targets are $593 and $702. As you can see even the logarithmic price targets played out in both cases.
Now let's focus on the big picture and what is about to happen in this gold market. Take a look at the Gold chart below (from bigcharts.com). Gold is just starting to emerge from this nearly 30-year cup and handle pattern, which has a massive base at $700 to $730.
Remember the three stages? Initial pullback, breakout, retest and blastoff. The market is now at the blastoff phase. In terms of the targets I come up with $1,205 and $2,087. I should also mention that the next strongest Fibonacci targets are $1,500 and $2,300. I neglected to mention that in the cases seen on the last page, the targets were hit in less than a year (after the pullback to support). I would be surprised if our target of $2,087 wasn't hit within two years. As we mentioned, technical analysis is not an exact science. It should be utilized in tandem with fundamentals and sentiment. Most readers of this website are well aware of the bullish fundamentals of Gold. We don't need to tell what you already know. In terms of sentiment, I believe we are fast approaching the point of recognition. I have been writing about this for several years and prematurely expected the point to be imminent
In this update I want to take a look at the pattern in the context of the Gold market. Our first chart contains two examples of the pattern. Note the three stages of the pattern, which follow the formation of the cup. The first example occurred from 1996 to 2004, while the second example occurred inside of the larger pattern, from 1999 to 2002. Notice how both patterns completed the three phases? (Initial pullback, breakout, retest and blastoff).
The rule on price targets is first and foremost arithmetic and then logarithmic. In the first example, the price targets would be $363 and $398 for the logarithmic. In the second, the targets are $593 and $702. As you can see even the logarithmic price targets played out in both cases.
Now let's focus on the big picture and what is about to happen in this gold market. Take a look at the Gold chart below (from bigcharts.com). Gold is just starting to emerge from this nearly 30-year cup and handle pattern, which has a massive base at $700 to $730.
Remember the three stages? Initial pullback, breakout, retest and blastoff. The market is now at the blastoff phase. In terms of the targets I come up with $1,205 and $2,087. I should also mention that the next strongest Fibonacci targets are $1,500 and $2,300. I neglected to mention that in the cases seen on the last page, the targets were hit in less than a year (after the pullback to support). I would be surprised if our target of $2,087 wasn't hit within two years. As we mentioned, technical analysis is not an exact science. It should be utilized in tandem with fundamentals and sentiment. Most readers of this website are well aware of the bullish fundamentals of Gold. We don't need to tell what you already know. In terms of sentiment, I believe we are fast approaching the point of recognition. I have been writing about this for several years and prematurely expected the point to be imminent
American Eagle Gold Proof Coins
Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”
How to boost invester confidence
$5b to boost investor confidence
SWISS bank UBS is planning to raise 3.8 billion Swiss francs ($5 billion), by selling 293 million shares to a few institutional investors for 13 Swiss francs per share, the troubled company said on Thursday.Existing shareholder, the Government of Singapore Investment Corp (GIC), "did not participate in the capital-raising exercise as we are already a large investor". GIC injected 11 billion Swiss francs into the bank last year and now holds a stake of about 6 per cent."The capital-raising helps strengthen confidence in UBS and the Swiss financial centre,'' UBS said in a statement.
"UBS is taking this action now in order to take advantage of current market opportunities. This is not related to any particular event.''Still, its extra capital-raising may spark fresh fears about the state of bank balance sheets, months after the shocks in the global banking system seemed to have ended. Last week, the Swiss National Bank said it was still not comfortable with the leverage of the country's big banks.
UBS also said on Thursday that it expected to post a net loss of an undisclosed amount for its second quarter during its results announcement on Aug 4. "The majority of the expected loss is attributable to own credit and the restructuring charges that have already been announced," it said.The bank added that the operating result for the quarter would likely represent an improvement compared with the first quarter of 2009, largely attributable to better market conditions affecting its investment bank and a reduction in losses and writedowns on legacy risk positions.
SWISS bank UBS is planning to raise 3.8 billion Swiss francs ($5 billion), by selling 293 million shares to a few institutional investors for 13 Swiss francs per share, the troubled company said on Thursday.Existing shareholder, the Government of Singapore Investment Corp (GIC), "did not participate in the capital-raising exercise as we are already a large investor". GIC injected 11 billion Swiss francs into the bank last year and now holds a stake of about 6 per cent."The capital-raising helps strengthen confidence in UBS and the Swiss financial centre,'' UBS said in a statement.
"UBS is taking this action now in order to take advantage of current market opportunities. This is not related to any particular event.''Still, its extra capital-raising may spark fresh fears about the state of bank balance sheets, months after the shocks in the global banking system seemed to have ended. Last week, the Swiss National Bank said it was still not comfortable with the leverage of the country's big banks.
UBS also said on Thursday that it expected to post a net loss of an undisclosed amount for its second quarter during its results announcement on Aug 4. "The majority of the expected loss is attributable to own credit and the restructuring charges that have already been announced," it said.The bank added that the operating result for the quarter would likely represent an improvement compared with the first quarter of 2009, largely attributable to better market conditions affecting its investment bank and a reduction in losses and writedowns on legacy risk positions.
Recession Effects on Forex Trading
Our objective as currency traders on the forex market focuses on which nations are struggling with recession, and which nations will prosper from that struggle. If a nation's economy enters a recession - sales recede, profits decline, jobs decline and price of goods decline. This also adversely affects national trade balances, research investment levels and venture capital, all of which are vital to economic expansion. When this happens, governments and financial institutions must free up credit and monetary supply by reducing interest rates; making the currency less attractive to investors. This switching from low interest currencies to higher interest currencies on the Forex market is also known as the carry trade. In carry trades, investors borrow currencies whose countries have lower interest rates, such as Japan and Switzerland, to buy higher-yielding assets.
On the opposite side of the situation will be countries benefiting from the situation. Their lower priced products see a surge in sales and exports which increase profits. Eventually prices will begin to climb to keep the high profit margins intact. In these countries interest rates will come under pressure and begin to climb in order to check inflation. The currencies higher rates are attractive to investors and become heavy with buy orders.
This is when the Forex market does it job in the global economy. If a countries currency becomes so attractive that it actually causes it to spike too high, that countries own population will spend their valuable currency in other countries due to the favorable exchange rate. We saw this in the US during this last holiday season. Many Europeans spent their currencies in the US because the exchange rate was so favorable for the Euro, Pound and Swiss Franc. This market reaction will eventually begin to balance everything out by causing opposite economic reactions.
While "global recession" does not appear to be looming around the corner in any sense; the US, as well as other nations could experience what is called a growth recession. Not true recession where the economies actually decline, but one where only the "growth rate" or "rate of expansion" of their economy declines or completely stagnates. Careful evaluation will be necessary to determine which currencies will benefit by monitoring not only interest rate moves, but also trade, manufacturing, commodity and unemployment figures as well.
While no one wants to see a recession on any level, it is an economic must for global balance. As retail Forex traders we learn to keep our emotions in check to survive the volatility of the market swings. We should also keep our loyalties in check as to our currency preferences. Remembering always that any economic recession is merely a trading opportunity in two directions - up for one currency, and down for the other. Our trading activity will actually benefit the struggling nation's recovery from the forces causing their economic contraction.
Good Luck and Good Trading.
On the opposite side of the situation will be countries benefiting from the situation. Their lower priced products see a surge in sales and exports which increase profits. Eventually prices will begin to climb to keep the high profit margins intact. In these countries interest rates will come under pressure and begin to climb in order to check inflation. The currencies higher rates are attractive to investors and become heavy with buy orders.
This is when the Forex market does it job in the global economy. If a countries currency becomes so attractive that it actually causes it to spike too high, that countries own population will spend their valuable currency in other countries due to the favorable exchange rate. We saw this in the US during this last holiday season. Many Europeans spent their currencies in the US because the exchange rate was so favorable for the Euro, Pound and Swiss Franc. This market reaction will eventually begin to balance everything out by causing opposite economic reactions.
While "global recession" does not appear to be looming around the corner in any sense; the US, as well as other nations could experience what is called a growth recession. Not true recession where the economies actually decline, but one where only the "growth rate" or "rate of expansion" of their economy declines or completely stagnates. Careful evaluation will be necessary to determine which currencies will benefit by monitoring not only interest rate moves, but also trade, manufacturing, commodity and unemployment figures as well.
While no one wants to see a recession on any level, it is an economic must for global balance. As retail Forex traders we learn to keep our emotions in check to survive the volatility of the market swings. We should also keep our loyalties in check as to our currency preferences. Remembering always that any economic recession is merely a trading opportunity in two directions - up for one currency, and down for the other. Our trading activity will actually benefit the struggling nation's recovery from the forces causing their economic contraction.
Good Luck and Good Trading.
Currency Trading : Currency Trading Systems
Currency Trading Systems - 4 Tips for Choosing the Best
Using a currency trading system to make profits from the online Forex markets is now more popular than ever. Powerful personal computers and the Internet have made online currency trading systems an attractive option for all traders.
The money making concept is appealing - buy a system, plug it in and start making profits.
There are some good systems that you can buy, that can generate enough profit to pay for themselves many times over. However, the vast majority of systems are simply not worth paying for - and they’ll actually ensure that you lose money.
There are two main reasons why most currency trading systems lose:
1. Black-Box Systems
These are systems where the logic is not revealed to the buyer.
Even if the system is based on sound logic, the trader must have confidence in it - and for that he needs to understand exactly how and why it works.
If you don’t know the logic of the system, you won’t have the confidence and discipline to continue to follow it when it suffers a period of losses. If you don’t have the discipline to follow it, then you don’t have a system at all!
2. Curve Fitting and Optimization
Another factor to look for in a currency trading system is curve fitting - or optimization.
Whenever you see a hypothetical track record, you need to look and see if it has been curve fitted or optimized - and chances are it has been. These systems always give extraordinary performance in back testing - because the rules have been made to fit the data, and produce profits.
This is similar to shooting at a barn door, and then drawing circles around every hole after the event, to make sure that each shot scored a bull’s-eye.
We can all make a track record look good if we know the past data, but the problem is we don’t have the luxury of trading in the past. This is why most hypothetical track records NEVER show the same results in real time trading, as they did in their hypothetical simulations.
Avoid any system that offers different rules and parameters for trading different markets or different contracts. If the system is based on sound logic, then it should work in any trading market, without optimization or curve fitting.
3. Simple Systems Beat Complicated Systems
There is no correlation between how complicated a system is, and its profit potential. In fact, simple systems tend to work best - as they tend to be more robust in the real world of trading, with fewer elements to break.
Simple systems tend be easy to understand, easy to apply, and more profitable than complicated systems.
4. The Vendor Guarantee
You should research how much support the vendor offers - and a bit about their background. See if the person behind the system is real - and a trader.
Many systems are simply sold by marketing people, who use hypothetical track records – which as we’ve already seen, doesn’t guarantee profits.
Also look for a money back guarantee – this will give you confidence, as you know that the vendor himself has total confidence in his system.
Finally
Choosing a currency trading system requires common sense - and the time to do the research. If you do your homework, it’ll be time well spent - and it could help you build long term capital gains with your ideal currency trading system.
Using a currency trading system to make profits from the online Forex markets is now more popular than ever. Powerful personal computers and the Internet have made online currency trading systems an attractive option for all traders.
The money making concept is appealing - buy a system, plug it in and start making profits.
There are some good systems that you can buy, that can generate enough profit to pay for themselves many times over. However, the vast majority of systems are simply not worth paying for - and they’ll actually ensure that you lose money.
There are two main reasons why most currency trading systems lose:
1. Black-Box Systems
These are systems where the logic is not revealed to the buyer.
Even if the system is based on sound logic, the trader must have confidence in it - and for that he needs to understand exactly how and why it works.
If you don’t know the logic of the system, you won’t have the confidence and discipline to continue to follow it when it suffers a period of losses. If you don’t have the discipline to follow it, then you don’t have a system at all!
2. Curve Fitting and Optimization
Another factor to look for in a currency trading system is curve fitting - or optimization.
Whenever you see a hypothetical track record, you need to look and see if it has been curve fitted or optimized - and chances are it has been. These systems always give extraordinary performance in back testing - because the rules have been made to fit the data, and produce profits.
This is similar to shooting at a barn door, and then drawing circles around every hole after the event, to make sure that each shot scored a bull’s-eye.
We can all make a track record look good if we know the past data, but the problem is we don’t have the luxury of trading in the past. This is why most hypothetical track records NEVER show the same results in real time trading, as they did in their hypothetical simulations.
Avoid any system that offers different rules and parameters for trading different markets or different contracts. If the system is based on sound logic, then it should work in any trading market, without optimization or curve fitting.
3. Simple Systems Beat Complicated Systems
There is no correlation between how complicated a system is, and its profit potential. In fact, simple systems tend to work best - as they tend to be more robust in the real world of trading, with fewer elements to break.
Simple systems tend be easy to understand, easy to apply, and more profitable than complicated systems.
4. The Vendor Guarantee
You should research how much support the vendor offers - and a bit about their background. See if the person behind the system is real - and a trader.
Many systems are simply sold by marketing people, who use hypothetical track records – which as we’ve already seen, doesn’t guarantee profits.
Also look for a money back guarantee – this will give you confidence, as you know that the vendor himself has total confidence in his system.
Finally
Choosing a currency trading system requires common sense - and the time to do the research. If you do your homework, it’ll be time well spent - and it could help you build long term capital gains with your ideal currency trading system.
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