Currency Convert

SXFX Index

Forex Trading 101

Timely Advice from a Pro Trader
Thu, 02 Jul 2009 12:34:59 GMT

This article is taken from the Forex Journal (May 2008 issue). The author, Johan Kriek, started his trading career when he was just nineteen years old. After finishing school, Johan studied Computer Engineering and started to work for Forex Trader South Africa as an IT specialist. Within one year, Johan advanced from IT Specialist to lecturing and conducting seminars Gradually, Johan became an FX Specialist and conducted various courses in South Africa for Forex Worldwide Training and Support.

Using swing breakouts in forex trading
Thu, 02 Jul 2009 12:33:39 GMT

This article is taken from the Forex Journal (May 2009 issue) The author, Doug Schaff, has traded the Forex markets for close to 30 years. His website, fx-strategy.com provides trading tools, information and strategies to assist currency traders. The Swing 62 system is available for free download. Doug Schaff discusses the use of intermediate swing highs and swing lows to develop a shortterm approach to trading the currency markets. Question – How can you use medium-term swing breakouts to

Institute for Supply Management (ISM) Services (Non-Manufacturing)
Wed, 01 Jul 2009 09:12:34 GMT

This Data Point largely measures the Service/Non-Manufacturing Side of the Economy. The Data is released the First Week after the Reporting Month on the1st Business Day of the Month at approximately 14:00 GMT simultaneously with the ISM Manufacturing Index. The ISM Services Release is relatively a new Segment of The Index, and is NOT historically a “Market-Mover”, but will continue to gain Importance moving ahead. This is largely Inevitable, since the Service/Non-Manufacturing Sector

Facing the New NFA Regulation
Wed, 01 Jul 2009 15:16:08 GMT

On July 31st, 2009 new NFA rules come into effect involving some important changes in the Forex industry. The main measures include hedging prohibition, stop and limit orders not allowed on open positions and a new FIFO (First In, First Out) policy . Some traders have expressed their concern about the rule, which will definitely impact their trading. John Putman explains what are exactly these new rules and why they aren't so dramatic as traders can even benefit from them. Hedging in the

Short Term Forex Trading Tips And Tricks
Tue, 30 Jun 2009 11:54:09 GMT

Successful short term Forex trading is the goal of many new traders who enter the Forex markets each year. For them, life begins and ends on the one or five minute chart. It is important to understand that the trend on a small time frame chart may only be a retracement of the primary trend from a higher time frame chart. As a result, understanding the higher time frame trend is an important step in becoming a successful, short term Forex trader. Certain asset classes tend to be range bound and

Is it Time for a Checkup?
Tue, 30 Jun 2009 12:22:49 GMT

As many of you have noticed, the stock index Futures have had a drastic cut in volatility since their all-time high volatility in October. At that time, the ES (E-mini S&P) had an ATR (Average True Range) of approximately 90 handles (full points). That is about $4,500 per contract from the day's low to the day's high. Today, the ATR is about 20 handles or $1,000 per contract from the low of the day to the high of the day, almost an 80% haircut. With this decreased volatility comes

Frequently Asked Questions
Tue, 30 Jun 2009 11:08:26 GMT

There are many questions that new and experienced traders have on a routine basis. Instead of going over two or three questions in lots of detail, I thought I would change things up a big and go through a rapid fire short question and answer piece that offers my opinion which is based on my experience. This is all for educational purposes only and to specifically share my experience with common issues among traders and investors. What markets should I trade if I am new and don't have the

Institute for Supply Management (ISM) Manufacturing
Wed, 01 Jul 2009 08:36:47 GMT

This Data Point largely measures the Supply Side-Factors for Manufacturing and other Sectors of the Economy. The Data is released the First Week after the Reporting Month on the1st Business Day of the Month at approximately 14:00 GMT. The ISM-Manufacturing Release is a historical “Market-Mover”, as both the Manufacturing and Services Factors give a very Real-Time Assessment of the overall Health of the Economy. This First factor is based on a Survey and Comments from Purchasing Managers, while

Consumer Confidence
Tue, 30 Jun 2009 10:44:55 GMT

This Data Point largely measures the Sentiment of The U.S. Economy, Consumer Spending, and Employment, and is released on the Final Tuesday of each Month at approximately 14:00 GMT. The Consumer with a high level of Confidence is more likely to Travel, Shop, and Invest Capital which leads to Short-Term and Long-Term Economic Growth. The Consumer with a low level of Confidence is less likely to Travel, Shop, and Invest Capital which leads to Short-Term and Long-Term Economic Stagnancy. Overall

FIRST IN FIRST OUT (FIFO)
Tue, 30 Jun 2009 16:20:31 GMT

NFA Rule 2-43(b) The NFA recently enacted Rule 2-43(b) which effectively eliminates hedging by forcing brokers to close trades on a First In First Out (FIFO) basis. The NFA has added clarification to the rule, stating that customers can instruct their broker to off-set like sized positions. Some traders have expressed concern that the rule will negatively impact their trading outside of the obvious limitation on hedging. The position of the author is, FIFO will add a layer of complexity but