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forex exchange and trading guiding tips
Professional site for forex daily news and finance market updates with a helpful guiding tips to all forex beginners also u can find money charts and many information's about forex trading and exchanging and also stocks market

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Articles from forex exchange and trading guiding tips

Trading Hours
2008-01-27 13:03:00
The trading is open 24 hours a day (Weekdays) - trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Traders have the ability to transact virtually every hour of the day across the globe allowing for tremendous trading flexibility: A true 24-hour market, the online Forex trading market is unlike any other financial market as investors can immediately respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. Time Zone ...

Market Overview
2008-01-27 12:53:00
The Foreign Exchange or Forex (FX) market allows individuals and/or firms to speculate on the exchange rate between two currencies. It may also be utilized for hedging and protection purposes by individuals and/or firms that transact business globally. The FX market is considered an Over The Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange as with the stock and futures markets. The major players in the market up until now have been only professional traders from major international commercial and investment banks. Today, the market is being utilized by other market participants that range from large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, to private speculato ...

Currency Description
2008-01-27 12:45:00
The world's currencies are on a floating exchange rate and are always traded and quoted in pairs. The most often traded currencies are those of countries with relatively stable governments, respected central banks, and low inflation. The major currencies in today’s market are - US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. The first listed currency is known as the base currency (With a value of 1), while the second is called the counter or quote currency; If a trader buys a EUR/USD position for example, he/she has bought the base currency, EURO and simultaneously sold USD, believing that the base currency in this case, EURO, will increase in value. (If a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening). Currency pairs that do not involve the U.S. dollar are called c ...

Forex Technical Analysis for 01/28-02/01 Week
2008-01-26 14:41:00
EUR/USD trend: sell.GBP/USD trend: hold.USD/JPY trend: buy.EUR/JPY trend: hold.Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 98.3103 49.8734 98.3517 49.9148 98.3931 49.9562 98.4345 GBP/USD 1.8987 1.9162 1.9497 1.9672 2.0007 2.0182 2.0517 USD/JPY 102.27 103.62 105.18 106.53 108.09 109.44 111.00 EUR/JPY 145.84 148.98 152.84 155.98 159.84 162.98 166.84 Woodie's Pivot Points: Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 74.1022 146.8093 74.1436 146.8507 74.1850 GBP/USD 1.9162 1.9497 1.9672 2.0007 2.0182 USD/JPY 103.62 105.18 106.53 108.09 109.44 EUR/JPY 148.98 152.84 155.98 159.84 162.98 Camarilla Pivot Points: Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 146.8072 146.8186 146.8224 146.8262 146.8338 146.8376 146.8414 146.8528 GBP/USD 1.9551 1.9691 1.9738 1.9784 1.9878 1.9925 1.9971 2.0112 USD/JPY 105.13 105.93 106.20 106.46 107.00 107.26 107.53 108.33 EUR/JPY 152.86 154.79 155.43 156.07 ...

Euro Rises as Dollar Weak on Average Releases
2008-01-26 14:36:00
Today EUR/USD again showed a good level of gains, recovering from the major drop that was seen on Monday. It's already up by almost 0.8% and is looking strong. The reason for this behavior lies in the good Eurozone fundamental data and average data from U.S. today.Initial jobless claims report for the last week showed an insignificant drop by 1,000 compared to previous 302,000 (which has been revised up from 301,000). The analysts expected a growth to 320,000 that week.The report by National Association of Realtors on Existing home sales in December showed a bigger than expected decline — to 4.89 million from 5,00 million in November (annually adjusted).Crude oil inventories in U.S. continued to grow in the past week, rising up 2.3 million barrels, compared to previous value. This growth can mean a domestic demand decline and the wish to increase the inventories while the oil prices are quite low. ...

Forex Technical Analysis for 01/21-01/25 Week
2008-01-26 14:14:00
EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: sell.EUR/JPY trend: sell.Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4167 1.4378 1.4499 1.4710 1.4831 1.5042 1.5163 GBP/USD 1.9169 1.9340 1.9447 1.9618 1.9725 1.9896 2.0003 USD/JPY 102.49 104.20 105.53 107.24 108.57 110.28 111.61 EUR/JPY 148.20 151.94 154.07 157.81 159.94 163.68 165.81 Woodie's Pivot Points: Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.4356 1.4453 1.4688 1.4785 1.5020 GBP/USD 1.9340 1.9447 1.9618 1.9725 1.9896 USD/JPY 104.20 105.53 107.24 108.57 110.28 EUR/JPY 151.94 154.07 157.81 159.94 163.68 Camarilla Pivot Points: Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.4436 1.4528 1.4558 1.4589 1.4649 1.4680 1.4710 1.4802 GBP/USD 1.9400 1.9477 1.9502 1.9528 1.9578 1.9604 1.9629 1.9706 USD/JPY 105.18 106.01 106.29 106.57 107.13 107.41 107.69 108.52 EUR/JPY 152.96 154.58 155.11 155.65 156.73 157.27 157.80 159.42 ...

Euro Down Fastest Since December
2008-01-26 14:08:00
EUR/USD unexpectedly fell today after the moderate fundamental statistics were released in the United States. This currency pair declined from 1.4803 opening price to 1.4656 making it the largest daily drop for EUR/USD since December 14.CPI (Consumer Price Index) in December showed a better than expected growth, increasing by 0.3% - still lower than in previous month (0.8%), but above the forecasted 0.2%.Net foreign purchases of the long-term securities in November were at quite a high level - $90.9 billion, but lower than October's $114.0 billion.December's industrial production stalled with 0% change, but that can be considered a good news, because the negative change has been expected. Industrial capacity utilization dropped slightly, going down from 81.6% (revised from 81.5%) to 81.4%.U.S. crude oil inventories last week showed a gain at last increasing by almost 4.3 billion barrels after the previous report of 6.7 billion barrels dropdown. ...

How to avoid making psychological mistakes while currency trading
2008-01-26 13:46:00
Amelie Gam is an Internet writer for Forex Trading Plus. She just wrote an interesting article on psychological aspect of currency trading.According to Amelie, a trader exposes himself/herself to the higher risk of loss when he or she : - doesn't control human emotions; - acts upon fear or hope without basing own feelings on real facts; - exploits other people’s human emotions (people who are constant in their mistakes can not gain success and earn money); - is not disciplined, doesn't make plans, doesn't follow strategies, doesn't apply mathematical and money management principles; - doesn't run only profitable trades and doesn't try to cut losses as fast as possible; - uses rumors and advice without being certain of their authenticity and quality. To be successful you have to think independently of the majority and stick out from the crowd. Currency trading is safer than other trading methods, but if you want to have an edge over other competitors than try to be wise and rese ...

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