Forex Technical Analysis how to follow them?

Forex Technical Analysis how to follow them? by studying the Past (Forex Technical Analysis): 1) The best traders don’t discount one or the other but understand that having an understanding how the fundamentals influence market sentiment gives him/her an edge over those traders who don’t. 2) In my opinion, TECHNICAL analysis is the easiest and most accurate way of trading the FOREX market. 3) “The number’s don’t lie” – all available...

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Forex Fundamental Events impact Global Currencies?

Forex Fundamental Events impact Global Currencies: When I asked several traders about their thoughts about using Forex Fundamental Events analysis as a part of their trading decisions, I have received two opposite responses. RESPONSE of Trader A Fundamentals that you read about are typically useless as the market has already discounted the price. I am looking at (1) the long term trend, (2) the current chart pattern and (3) identifying a good entry point to buy or to...

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Forex Price Charts-How To Read?

HOW TO READ Forex Price Charts ? Forex Price Charts, what DO they mean and HOW to use them? Important numerous facts as discipline, trading rules, not being greedy etc., but one of the most important things is: LEARN to read the charts as Charts represent the lifeblood of the market Forex Price Charts. I admit that reading charts, and interpreting patterns, are more an art than a skill. Base and apply your entry and exit decisions on YOUR OWN combined methods of technical...

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What are FOREX PIPS The Forex Market? (Part 5)

What are FOREX PIPS  ? Currencies are traded on a price/ point (pip) system. Each currency pair has its own FOREX PIPS value. When you see a FOREX price quote, you’ll see something listed like this: EUR/USD 1.2210/13 Explanation: a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS. B) If you want to SELL the EUR/USD ( meaning you SELL EUROS...

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Start FOREX Trading? (Part 4 )

FOREX Trading-How Currencies are quoted and what moves individual currencies? ONE of the best advantages in FOREX Trading is The amount of money you need to place a trade (known as “margin”) is all that can be lost ! You have to know, that despite the super-high leverage offered by some Forex brokers up to (400:1); meaning if you put up $ 1000 the broker will allow you to trade like you really have $400.000). Forex trading is still less riskier than Stock or...

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Forex Trading-How To Start Trading? ( Part 2)

Why is FOREX trading so popular? Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection). If you have or like to travel, take your laptop with you and you can trade the Forex Trading anywhere in the world where you have an Internet connection. When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license or a proof of how...

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Forex Market-How To Start Trading The Forex Market?

What Is FOREX or FOREX MARKET? PART I The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial...

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