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Forex Trading 101

The 123 chart pattern
Mon, 22 Dec 2008 16:35:15 GMT

The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio. 123’s occur at the end of trends and swings, and they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing... This is the Powerpoint Presentation of the webinar held by Sunil Mangwani about the 1-2-3 chart pattern in late December 08. You can also watch the recording of that

No credit, No Leverage
Tue, 16 Dec 2008 09:56:57 GMT

This article is taken from the Trader's Journal magazine (November 2008 issue) The author, Adrian Ash , is the editor of Gold News and head of research at BullionVault. Adrian is the formerly City correspondent for The Daily Reckoning in London and head of editorial at the UK’s leading financial advisory for private investors. Adrian Ash observes how the expansion of money and credit through leverage has caused the inflation of speculative bubbles throughout history. He also discusses how the

Making good decisions
Tue, 16 Dec 2008 09:56:04 GMT

This article is taken from the Trader's Journal magazine (November 2008 issue) The author, the trader’s coach Adrienne Toghraie , is an internationally recognized authority in the field of human development for the financial community. Her eight books on the psychology of trading, including The Winning Edge – Volumes 1-4 and Trader’s Secrets, co-authored with Murray Ruggiero, have been highly praised by financial magazines. Good decision-making is a skill that requires practice, preparation

What Do You Have On The Shelves Of Your Internal Library?
Mon, 15 Dec 2008 16:07:23 GMT

By building an internal library of information that we can draw on at different times, we will discover that when a difficult situation arises, we will be the one that pauses and re-analyzes instead of the one that zooms forward and then wishes they had been more cautious. Listen to the author's thoughts Change Can Only Be Good When You Decide To Actually Do It No one can make you happy, sad, angry, successful or prosperous. The only one that can do this is you. When the opportunity to change

Oil Basis - Grades Of Crude Oil
Wed, 10 Dec 2008 16:49:58 GMT

Many readers asked why London Brent crude futures price is always lower than Nymex WTI crude oil price. There's nothing related to exchange rate but quality of oil. Crude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity, a measure developed to

Forex Books
Tue, 09 Dec 2008 11:36:44 GMT

Index of contents Forex Basics Technical Analysis Forex Strategies Market Psychology Education Related Topics FEATURED BOOK Day Trading and Swing Trading the Currency Market (2nd edition) Title: Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves Author : Kathy Lien Synopsis : In only a few short years, the currency/foreign exchange (FX) market has grown significantly. With institutions and individuals driving daily average volume

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
Tue, 09 Dec 2008 11:24:49 GMT

About the Author Kathy Lien is the Director of Currency Research at GFT (Global Forex Trading). She is responsible for providing research and analysis for GFT, including technical and fundamental research reports, market commentaries and trading strategies. A seasoned FX analyst and trader, prior to joining GFT, Kathy was working with FXCM, also she was an Associate at JPMorgan Chase where she worked in Cross Markets and Foreign Exchange Trading. Kathy has vast experience within the interbank

The Global Forex Market
Mon, 08 Dec 2008 10:47:53 GMT

This article is taken from the Forex Journal (November 2008 issue). The author, Sam Seiden , brings over 15 years experience of equities, Forex, options, and futures trading that began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, Forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and

Trading Mistakes 101
Mon, 08 Dec 2008 10:47:07 GMT

This article is taken from the Forex Journal (November 2008 issue). The author, Steve DeWitt , has been involved with Forex trading for over 8 years. During his years of experience, he has won many international Forex trading contest including “The Biggest Forex Contest” ever. He has also trained over 10,000 people how to become successful at trading the Foreign Exchange markets Steve DeWitt takes a look at common mistakes made in Forex trading that cause traders to lose money. He also shares

Finding a Broker
Fri, 05 Dec 2008 11:30:42 GMT

Finding a Broker “Hey Joe! I need help finding a broker. I notice that discount commission rates are pretty much the same. So how do I choose?” Commission is definitely not the most important factor in choosing a broker. Most important in choosing a brokerage firm is the per trade slippage, the difference between the stop order price and execution price. Based o a study I saw some years back, ten orders were placed with five commission houses. All orders were priced in the same market at the