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Learn Forex. Educational resource for traders
 TIP: KNOW WHEN TO CUT LOSS. If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.
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Forex
Featured Articles
How many times do we hear the warnings against persuasive sellers of unsuitable securities? This is a question I addressed in my book, Trust and Honesty, America’s Business Culture at a Crossroad:
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 Imagine the next time you join a discussion about automated forex trading. When you start sharing the fascinating automated forex trading facts below, your friends will be absolutely amazed. |
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Forex Latest News
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The single currency has remained confined within narrow range after rebounding from 106.16, suggesting further consolidation within this week’s range of 106.16-109.56 would be seen and although recovery to 109.00 cannot be ruled out, reckon said upper level would limit upside and bring retreat later. 
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As the Australian dollar has maintained a firm undertone, suggests near term upside risk remains for the rebound from 0.8770 to extend gain to 0.9115/20, break there would extend gain to 0.9160/65, however, reckon resistance at 0.9223 (top of wave B) would continue to hold and bring another retreat next week. 
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EUR/CHF's consolidation from 1.2850 is still in progress and further recovery could be seen. But after all, upside is expected to be limited by 1.3143 resietance and bring fall reusmption. Breka of 1.2850 will target 100% projection of 1.4587 to 1.3072 from 1.3923 at 1.2408 next. Though, break of 1.3143 
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EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: we didn't get the follow through in the breakout we expected to conside a change of direction. Staying bearish unless we see this weeks close above 0.8350 level. 
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It's that magical time again, the first Friday of the month, which we all know brings the euphoria that is NFP! Couple this with the fact that Monday is a US holiday (Labor day) and you might get an understanding of how this afternoon is going to play out. 
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With 4 hours MACD crossed below signal line, a temporary top is in place and bias is turned neutral. Nevertheless, another rise is still expected as long as 0.8860 minor support holds. Above 0.9119 will target 0.9220. Break there will confirm that whole rise from 0.8066 has resumed for 61.8% 
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USD/CAD's consolidation from 1.0666 might still continue and deeper retreat cannot be ruled out. But still, we'd expect downside to be contained well above 1.0246 support and bring another rise. Note that decisive break of 1.0675 resistance will further affirm our bullish view that medium term rebound is resuming and 
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EUR/USD's recovery could still extend further but after all, upside is expected to be limited by 1.2910 resistance and bring resumption of the fall from 1.3330. Below 1.2587 will target 61.8% retracement of 1.1875 to 1.3330 at 1.2431 next. Sustained trading below there will argue that medium term decline is 
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Learn Forex: Education
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Currencies are traded in dollar amounts called “lots”. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called “High Leverage”. |
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Once you enter the Forex trading world you will immediately notice the need of using technical analysis in order to find trends when looking at the forex charts and also the importance of being aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups and downs in short periods of time, and it's, therefore, a place where technical analysis can be very effective. |
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In an effort to help our customers trade more effectively, we have gathered resources from some of the leading experts in the forex market. From streaming live data, to fundamentals and technicals, articles and commentary, Global Forex Trading is providing another very useful tool for the FX trader.
We encourage you to use these resources to help gain knowledge of the forex market. Check back often as the content in this area is always expanding and changing |
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Mutual Funds fundsavvy.com guides you to find out best mutual fund to invest along with the classification
based on its functioning and type which they offer to investors.
Reports
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EUR/CHF's consolidation from 1.2850 is still in progress and further recovery could be seen. But after all, upside is expected to be limited by 1.3143 resietance and bring fall reusmption. Breka of 1.2850 will target 100% projection of 1.4587 to 1.3072 from 1.3923 at 1.2408 next. Though, break of 1.3143 
-
With 4 hours MACD crossed below signal line, a temporary top is in place and bias is turned neutral. Nevertheless, another rise is still expected as long as 0.8860 minor support holds. Above 0.9119 will target 0.9220. Break there will confirm that whole rise from 0.8066 has resumed for 61.8% 
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USD/CAD's consolidation from 1.0666 might still continue and deeper retreat cannot be ruled out. But still, we'd expect downside to be contained well above 1.0246 support and bring another rise. Note that decisive break of 1.0675 resistance will further affirm our bullish view that medium term rebound is resuming and 
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