The Best Times For Forex Trading

There is an advantage to trading in forex markets. They stay open 24 hours a day until the weekend. Then it starts all over again on Sunday. Also, there are various currencies that investors can choose from.Having a lot of foreign currency to choose from can help traders make good decisions about forex trading. They can hit or miss, but there will be times when they will make good profits by taking a risk. The three big markets for foreign trading are the countries of the United States, London and Asia. Since all three are in different time zones, of course, the investors will trade at different times. In London, forex trading is the most active between the hours of 8:00 GMT to 22:00 GMT. The busier times are between 13:00 GMT to 16:00 GMT. During this time, there is an overlap from the London time to the United States time. Traders are very busy conducting trades during this time. Also, this is the time to conduct day trading if the trader wishes to do so. There are sessions for forex trading in each of these three areas. The currencies that London uses are EUR, GBP and USD. These are the currencies that are the most active during the operating hours for forex trading in London.The currencies that the United States uses are AUD, EUR, GBP, JPY and USD. These are the most active currencies used during the operating hours in the United States, which is usually between 13:00 GMT and 22:00 GMT. The session in the United States slows down around 22:00 GMT. With the Asian session, the atmosphere is different. For the most part, the session is pretty quiet. The pairs move rather slow and day trading is really not an option here. However, there is some hope with the JPY currency, which is the only authentic currency that has some activity. Even then, it can still be slow unless something significant changes financially.As you can tell from this article, the best times to trade in the forex markets are in the London and United States overlap session. It doesn't matter how the formula is done. Traders can get a better response during those times. Since there are so many currency transactions, it's a bet that there will be plenty of traders looking to make a profit from foreign trades. A trader knows that they need to trade within those hours if they are looking to score financially from foreign markets. Amin Sadaks is the leader in Forex education. Learn more about his forex trading tips on his website. You can also read some of his Forex Strategy articles.

Forex Trading Tutorial

Trading HoursThe forex trading desk is open 24 hours daily from 17:00 ET Sunday through 16:30 ET on Friday.Currency Pairs24-hour trading is currently available in the following 14 currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/GBP, EUR/CHF, GBP/JPY, AUD/JPY, CHF/JPY, EUR/AUD, GBP/CHF.Dealing SpreadForex Day Trading's normal dealing spreads are 3-5 pips for the major currency pairs.Fees topNo fees or commissions are charged to the customer, regardless of account balance or trading activity (See the "Commission-Free Trading" section of the disclosure page).

Daily Market Commentary

The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2905 level and was capped around the $1.3105 level. The common currency moved lower as demand for U.S. dollars continued to climb ahead of the presidential inauguration of Barack Obama. Additionally, there are increasing views that the eurozone will suffer a deep recession and these are taking their tool on the euro. Data released in the eurozone today saw the German December ZEW economic sentiment index improve to -31.0 from -45.2 in November. The pair is also suffering from yesterday’s European Commission forecast of a 1.9% contraction in the eurozone economy this year. Standard & Poors yesterday downgraded Spain’s credit rating following last week’s downgrading of Greece’s sovereign ratings. Many traders believe the European Central Bank will need to continue reducing interest rates below their current 2.0% level. European Central Bank member Constancio today intimated rates will move lower, noting ECB President Trichet last week said “2% (inflation) isn’t necessarily the limit.” Constancio added “we have to be cautious regarding the risks of inflation getting too low." Euro bids are cited around the US$ 1.3055 level

Worldwide Forex Trading Hours

To see when markets overlap, let's have a look at the different forex trading times in each main financial center across the globe. (Times are displayed according to EST) So here are the times when two trading sessions overlap:
New York and London: from 8 am to 12 am (EST) Sydney and Tokyo: from 7 pm to 2 am London and Tokyo markets overlap one hour, from 3 am to 4 am.What does this mean? Trading EUR/USD, GBP/USD, or USD/CHF between 8 am and 12 am (EST) can lead to good results since markets for those currencies (European and American) are both active at the same time. This is when the largest volume of trades occurs, creating a greater chance of making significant profit in the forex market. Another good time to trade is from 1 am to 3 am EST. As you can see in the table above, at that time, European markets are waking up while Asian markets are closing, offering good trade opportunities. The same goes for the 7 pm to 10 pm EST time period, when the Asian and Australian markets overlap.Also, you have probably noticed that from 4 pm to 6 pm EST, there is no interesting overlap. That’s when the US markets close without overlapping any other large market. At those hours, the volume of trades is much lower, offering less great trade opportunities. You can thus see that while you can take advantage of a forex trading hours experience, some hours will allow for better opportunities than others.
*EST = UTC** - 5 hours **UTC= Coordinated Universal TimeWhile some hours of the day are busier than others, meaning that forex trading activity is greater at those hours, price fluctuation varies from day to day. As a general rule, some days of the week are busier than others. Whether in London, Tokyo, or the U.S., pip range movements for all 4 majors tend to be greater towards the middle of the week. Generally speaking, it is during Tuesday and Wednesday Forex Trading Sessions that we see the widest pip variation for all majors.

24hr Forex Trading – Forex Trading Hours

Open a forex account and enjoy a 24hr Forex Trading experience. Currencies are traded 24 hours a day, from Sunday afternoon EST* (Eastern Standard Time) to Friday afternoon EST. Through this 5+ day week of market activity, there is always at least one financial center open for business. Indeed, as some markets close for the night, others open somewhere else on the planet. Since forex trading hours overlap, currencies are being traded continuously. In other words, forex practically never stops.
Traders new to the world of foreign exchange tend to think that since the market is open 24 hours a day, they may trade whenever they choose during the day. Although this preconceived idea is actually true, it needs to be clarified. Indeed when it comes to forex trading hours, some hours present better opportunities than others. By better opportunities, we mean of course potentially greater profit. So what are the most suitable forex trading hours and why?
Usually, the best time to enter forex markets is when large volumes of currencies are traded. At those hours, traders can take full advantage of forex benefits. Since the forex market is traded 24 hours a day, the best time to enter is when several countries are trading at the same time. In each time zone across the world, forex markets operate from 8 am to 4 pm. So, to take advantage of heavy trading volume, the best is to look at when forex market hours in different countries overlap. Those hours are usually the time when the forex market is the most active and has thus the largest volume of trades and the biggest pip movements. It is when currencies are the most active that traders have a better chance of making some profit. Slow markets offer little chances of profit and therefore, forex traders usually stay out of them. When do forex trading times overlap?

A Few Tips for Day Trading Forex

Skill has a big part to play in forex day trading. You should have a good understanding of the markets, their trends and their direction before you engage in this type of trading. You should also know how to read the information and use all the resources made available to you. Finotec has put together a series of forex training videos to help you do just that.
Stick to your strategy. While this tip is true for almost all types of trading, it is even truer for day trading since you tend to spend more time in front of your computer and pay attention to the slightest move in either direction, which often prompts you to act and change your strategy. Whatever happens, do not panic. You should be aware that forex day trading comes with a certain degree of risk and accepting that risk means also accepting to lose sometimes.
Make sure you have enough time on your hands. Most day traders are professional traders who have made a career of currency day trading. Others have jobs that allow them to devote some time to it during their workday. So make sure your schedule is suited to this type of trading.
To start forex day trading with Finotec, open an account by filling out the form on the right. If you have any questions, one of our representatives will be happy to help you.

Different Types of Forex Day Trading

As mentioned above, some traders will enter and close positions within a few minutes – or even a few seconds (this method is known as “scalping”) – while others will maintain positions for several hours or even through the entire day. While some day traders combine these strategies or switch from one to another depending on current market conditions, most prefer to stick to one type of day trading.
Forex day trading strategies can also be categorized according to the type of resources and data used by the trader. Some day traders for instance trade only on fundamental analysis. They wait for the release of certain economic indicators and data (payrolls, GDP, etc…) and trade the expected market swings. Others rely solely on technical analysis. Whichever type of trader you are, you must know always watch out for economic and statistical releases if you don’t want any surprises.

What is Forex Day Trading?

With Forex trading now accessible to all investors thanks to the advent of Internet technology, forex day trading has become one of the most popular types of currency trading. Some traders – professional traders – have made forex trading their day job. They engage in what is known as forex day trading. As its name suggests, forex day trading consists in opening and closing positions – buying and selling currencies – within the same day. Usually, forex day traders try to take advantage of the fast-fluctuating currency rates, even if their movements are often smaller on a shorter term.
The four major currency pairs have an average daily range of 104 pips, which represents $1,040 per lot – much more than other currency trading markets. With their longer “length of line”, they also offer more “swing trades” opportunities.
Forex day trading is time-consuming and can also be money-consuming if you are not properly educated and trained in currency trading. To help you understand the ins and outs of day trading forex, Finotec offers you free fundamental and technical analysis education (see our Forex Trading Videos Section) as well as all the tools you need to analyze market trends, including a free demo account. As with stocks day trading, forex day trading can be done over the entire day, but it also can be done over a few hours, a few minutes or even a few seconds! Part of the skills of day traders lies in their ability to react quickly to the markets and make fast decisions.

Benefits Of Forex Trading

Forex offers great investment opportunities for those wishing to diversify their portfolio. Forex benefits and advantages are many. Here are some of the main reasons why more and more corporate and individual investors choose to trade forex:
Get direct access to direct market prices: This is probably one of the most attractive forex benefits. Indeed, when you trade forex at Finotec, you get direct access to the market's most competitive interbank spreads. The way it works is that our brokerage firm receives spreads (the difference between the bid and the ask price) from 18 of the world's largest banks. That way and thanks to its large number of clients and the large volume traded through the platform, Finotec offers very competitive spreads on the main currency pairs.
Leverage Trading: High Returns with Relatively Small Deposits. this means that even if traders deposit a small amount of money, they can actually trade with a much bigger contract value. Finotec offers a 200 to 1 leverage. If you make a $100 margin deposit, you can actually trade $20,000 worth of currencies. With a $1,000 margin deposit, you can buy or sell $200,000 worth of currencies. However, you must keep in mind that if leverage allows for substantial profits, it also can lead to equally significant loss. One of the chief forex benefits can thus become a major liability. That's why you need to figure out your own risk management policy before you start trading.
High Liquidity: This refers to the forex market's ability to quickly convert or liquidate deals through buying or selling and without causing a significant price movement. The high liquidity of the forex market is mainly due to the large volume of currencies traded around the world. That way, currencies are exchanged instantaneously, 24 hours a day and with minimum loss value, since the next trade is usually executed at the same price as the last one. In the forex market, there are always plenty of ready and willing buyers and sellers.
Open 24 hours a day: The forex market is open 'round the clock, 5 days a week, from Sunday 5 pm EST to Friday afternoon 4 pm EST. This is due to the fact that there is an overlap of different time zones and that there is no physical central exchange that opens and closes at a particular time. Forex works through a global electronic network of corporations, banks and individuals. When you hear that a certain rate closed at particular price, this refers to the price at market close in London or elsewhere. However, unlike securities, currencies are still traded somewhere else in the world. The global scope of currency trading, as well as the high demand for currency, implies that there are always investors somewhere who are willing to buy or sell currencies. This also allows traders to trade on a part-time basis, meaning that they can choose to trade whenever they want.

Forex Charts: The Candlestick Chart

In many ways, the candlestick chart is similar to the bar chart. It displays more or less the same information (high-low price range as well as closing and opening prices) but in a different format. The main difference is that on a candlestick, it is the block, or body, in the middle that shows the range between the opening price and the closing price (and not a dash as in the bar chart) and its color indicates the direction of the market for that particular period of time.
These types of candlesticks are called “Japanese” candlesticks because they originated in Japan centuries ago, where they served as a rice trading and counting technique. The technique was then discovered by a Westerner and became a big hit in the world of finance. Today candlesticks are used for almost any price representation over time: for instance, you can view the price evolution of a given share price on a candlestick stock chart.
Traditionally, candlesticks bodies were either black or white (white or unfilled when the currency closed higher than it opened, and black or filled when the currency closed lower than its opening price). However, candlestick charts now exist in Technicolor! Actually, they can be either green or red: green when the closing price is higher than the opening price; and red when the closing price is lower than the opening price. As you will notice along your journey to forex trading, those two colors are not only for aesthetic purposes: using red and green candles enables the eye to spot trends and reversals much faster on the graph.
Here’s what a candlestick looks like:

Forex Charts: The Bar Chart

24hr Forex Trading – Forex Trading Hours

Open a forex account and enjoy a 24hr Forex Trading experience. Currencies are traded 24 hours a day, from Sunday afternoon EST* (Eastern Standard Time) to Friday afternoon EST. Through this 5+ day week of market activity, there is always at least one financial center open for business. Indeed, as some markets close for the night, others open somewhere else on the planet. Since forex trading hours overlap, currencies are being traded continuously. In other words, forex practically never stops.
Traders new to the world of foreign exchange tend to think that since the market is open 24 hours a day, they may trade whenever they choose during the day. Although this preconceived idea is actually true, it needs to be clarified. Indeed when it comes to forex trading hours, some hours present better opportunities than others. By better opportunities, we mean of course potentially greater profit. So what are the most suitable forex trading hours and why?
Usually, the best time to enter forex markets is when large volumes of currencies are traded. At those hours, traders can take full advantage of forex benefits. Since the forex market is traded 24 hours a day, the best time to enter is when several countries are trading at the same time. In each time zone across the world, forex markets operate from 8 am to 4 pm. So, to take advantage of heavy trading volume, the best is to look at when forex market hours in different countries overlap. Those hours are usually the time when the forex market is the most active and has thus the largest volume of trades and the biggest pip movements. It is when currencies are the most active that traders have a better chance of making some profit. Slow markets offer little chances of profit and therefore, forex traders usually stay out of them. When do forex trading times overlap?

The World Wide Forex market

Forex is a trading ‘method’ also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basics of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.
Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.
The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.
The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.
The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money – which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.
Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.

FOREX: Ringgit Opens Stronger Against US Dollar

FOREX: Ringgit Opens Stronger Against US DollarBy: Ramjit-->KUALA LUMPUR, Aug 6 (Bernama) -- The ringgit opened stronger against the US dollar on Thursday as the greenback lost its attraction in global markets, a dealer said.At 9.10am, the local unit traded higher at 3.4910/4950 against the greenback compared with 3.4950/5000 at yesterday's closing.The US dollar weakened on firmer crude oil prices, said the dealer who added that this week's sharp rally in the oil market was driven by improved economic recovery prospects."The greenback saw some sell-off today and we expect further selling-through in the near-term," he said. The bullish outlook for the stock market also supported sentiment, he added.The ringgit also strengthened against the Singapore dollar to 2.4350/4401 from 2.4355/4414, the yen to 3.6705/6762 from 3.6735/6807 and the British pound to 5.9357/9443 from 5.9366/9465.However, it weakened against the euro to 5.0319/0391 from 5.0290/0372 yesterday.-- BERNAMA

Australian Dollar Up Late As Jobs Market Surges In July

SYDNEY (Dow Jones)--The Australian dollar was stronger in late Asian trade Thursday as comments from the Chinese central bank offset earlier gains made after surprisingly robust domestic jobs data.Analysts said the currency is likely to be well bid as European trade gathers pace but will likely face strong selling on any rallies into the US$0.8500 level.Market participants are awaiting the Reserve Bank of Australia's August quarterly statement on monetary policy and U.S. Department of Labor's July non-farm payrolls, both due Friday.At 0600 GMT, the Australian dollar was quoted at US$0.8436, up from US$0.8423 late Wednesday. Against the Japanese yen, it was quoted at Y80.255, up from Y79.955.JPMorgan Chief Foreign Exchange Dealer Philip Burke said that while direction for the Australian dollar has been mixed in the local session, European traders are likely to latch onto the buoyant employment data and take the currency back up to recent peaks."I would be surprised if we break out onto an US$0.85 handle tonight...but a strong payrolls number should see us up through US$0.85 if we haven't already reached it," Burke said.Burke said the US$0.8475 level has provided some firm resistance for the currency and is likely to continue to do so until a fresh catalyst pushes it higher.Also providing some caps for high-yield currencies is euro selling by Asian sovereign entities around the US$1.445 level.ANZ Senior Currency Strategist Katie Dean said the Australian dollar is unlikely to breach recent peaks ahead of the RBA data or payrolls."The market doesn't want to get itself too long going into the RBA tomorrow, so we would expect recent ranges to hold," Dean said.Jobs numbers earlier Thursday pushed the currency up to an intraday peak of US$0.8460, although rallies up this level have been fairly well sold into.Data from the Australian Bureau of Statistics showed 32,200 new jobs were created in July, sharply raising the possibility that the central bank will increase interest rates before the end of the year.The unemployment rate remained steady at 5.8%.The labor market expansion is the largest monthly rise since June 2008, defied expectations of a loss of 20,000 jobs and affirms the RBA's decision Tuesday to shift to a neutral policy bias.However, comments from the People's Bank of China - that while it will maintain its moderately loose monetary policy amid concerns over the sustainability of its economic recovery, it will fine-tune its policies as needed - sent the currency down to US$0.8403. The Aussie has since clawed back most of these losses.The market focus on the RBA statement Friday will zero in on the extent of the central bank's inflation and gross domestic product growth forecasts.Already, market participants are pricing in 39 basis points of interest rate hikes by December and 23 basis points by November.Bond futures weakened on the back of the employment figures but have held around recent lows.September three-year bond futures were eight ticks lower at 94.85 while 10-year futures were 5.5 ticks weaker at 94.345.JPMorgan Senior Interest Rates Strategist Sally Auld said that while the RBA has shifted to a neutral policy, the selloff at the short end of the bond curve may be overdone.She said while "strategically, the market remains in a bearish trend...tactically, we note the possibility for a reasonably significant short squeeze."Auld suggests investors look to buy the three-year contract at 94.87 and target moves to 95.20 with stops at 94.77.

India Prepares EU Trade Complaint

By JOHN W. MILLER in Brussels and GEETA ANAND in MumbaiIndia plans to file a complaint with the World Trade Organization alleging that the European Union allowed big pharmaceutical companies to use the bloc's tough patent laws to have national customs agencies detain generic drugs in transit to developing countries, according to India's commerce secretary.On more than 20 occasions since late last year, border inspectors in the Netherlands and Germany have held up Indian medicines used to treat AIDS, Alzheimer's disease, heart conditions and other ailments, saying they violated patent laws in the EU, although the drugs weren't intended for sale there, according to EU and Dutch customs officials and to lawyers for Indian pharmaceutical companies.At the request of companies including Sanofi-Aventis SA, Novartis AG and Eli Lilly & Co., the drugs were then detained for periods that extended for as long as eight months, according to letters sent by the companies to customs officials and reviewed by The Wall Street Journal.Indian generics makers say they have had to divert shipments at higher cost to transit hubs outside the EU, and to hire lawyers to defend their right to have the drugs shipped safely to their destination.Dutch customs officials are still holding on to the Indian generics drug giant Cipla Ltd.'s shipment of a schizophrenia medicine seized in November, according to Cipla and Lilly."We see this as an attack on the Indian generics industry," says Rajeev Kher, joint secretary of commerce in India, adding that he is preparing a complaint that India will soon file at the WTO.Getty ImagesThis handout picture released by the Spanish police on June 09, 2009 shows fake Viagra pills seized after the arrest of four people suspected of importing tens of thousands of the fake versions of the impotence drug in Alicante. Spanish police said they have seized more than 9,000 fake Viagra pills produced in China and India and sold over the Internet.EU officials say their national customs agencies have the right to enforce intellectual property laws in their countries, and they deny any violations of other WTO rules. The EU is "complying with its WTO obligations," says spokesman Michael Jennings.Some trade experts say India may have a good chance of winning. The EU argument that goods in transit must comply with local regulatory requirements is shaky, says Frederick Abbott, an international trade legal expert at the Florida State University.The world's biggest pharmaceutical companies often hold patents on their medicines in the U.S. and EU, which have some of the toughest intellectual property laws. Many of these companies' patents don't apply in developing countries, which have kept patent protection weaker in an effort to keep prices low for their far poorer populations. The U.S. isn't a major transit hub for generics, and doesn't claim that patent laws should apply to goods in transit to other countries.Weaker patent laws in developing countries allowed India and others to develop a booming business making and selling copies of branded pharmaceuticals, known as generics, both internally and to other nations. Indian pharmaceutical exports, mostly generics, grew to $4.9 billion last year from $1.5 billion in 2003, according to Global Trade Information Services.An EU regulation adopted in 2003 tasks national customs offices with policing intellectual-property laws on goods entering or transiting through their posts. The goal, EU officials say, was to take a bite out of the world's $500 billion annual trade in counterfeit goods, which are illegal copies of products masquerading as the real thing, usually of low quality.The law wasn't applied aggressively to pharmaceuticals until last year. The EU launched a crackdown aimed specifically at "counterfeit" medication, EU officials say. However, generic drugs, which are regulated replicas of brand-name drugs, are getting caught in the same dragnet.On Oct. 8, Dutch customs agents at Schipol Airport in Amsterdam intercepted a 50 kilogram, $52,500 shipment of generic blood-thinner clopidogrel, according to papers supplied by the manufacturer, Chandigarh, India-based Ind-Swift Ltd.One ingredient identified the drug as under patent to Sanofi-Aventis of France. Following the EU's 2003 regulation, Dutch customs seized the drugs on behalf of Sanofi.In two letters, a lawyer for Sanofi told the recipient in Colombia, a company that sells pharmaceuticals called Betalactamicos SA, that they had violated Sanofi's EU patent rights. The lawyer invoked a July 18, 2008, Dutch court ruling that the same intellectual property rules must apply to goods in transit as if they had been "manufactured in the Netherlands."The second letter, reviewed by The Wall Street Journal, was titled "counterfeit clopidogrel" and threatened "further action" if the goods weren't destroyed and the claim wasn't settled out of court. In April, the claim was settled. Sanofi consented to the drugs' release in May, six months after the shipment was seized, according to Ind-Swift and Sanofi.A spokesman for Sanofi said the company doesn't comment on cases involving other pharmaceutical companies.Ind-Swift has since changed the route of all of its shipments, sending them instead through Singapore or Malaysia at double the cost, says N.R. Munjal, vice chairman of Ind-Swift.The European Federation of Pharmaceutical Industries and Associations said in a statement that EU countries have the right "to stop products that they suspect may be counterfeit from entering the supply chain."In November, Dutch officials seized two shipments from Mumbai-based Cipla, one of capsules of the Alzheimer's disease medicine rivastigmine and another of tablets of the antipsychotic medicine olanzapine, according to Cipla and Dutch customs officials.Novartis, manufacturer of rivastigmine, asked Cipla to sign a letter admitting that it had infringed on the European company's patents and promising that Cipla wouldn't do so again, Cipla and Novartis said.Cipla refused, saying the company believes a shipment in transit can never infringe on an EU patent, said Patsy Jeffery, who handles legal affairs at Cipla.The shipment, bound for Peru, was detained for five months, after which Novartis agreed to allow the medicine to continue on its journey. A spokeswoman for Novartis, Lisa Gilbert, says the company allowed the drugs to be released after it became clear they were headed for Peru, where there would be no patent violation.The Peru-bound shipment of olanzapine, the schizophrenia treatment that is one of the biggest-selling medicines in the world, is still being held in the Netherlands. Cipla is trying to negotiate the release of the medicine with Lilly, the patent holder in the Netherlands. The medicine has been held for more than eight months, Ms. Jeffery said.A spokesman for Lilly, Jamaison Schuler, says the company is discussing with Cipla how to "amicably settle this dispute." In general, he says, the company believes customs should check generics in transit to make sure they're not counterfeit and they don't violate patent laws.Dutch officials say they were merely doing their jobs. "We subscribe to the rights of developing countries to have access to this medication," says Ruud Stevens, a spokesman for the Dutch economics ministry. "But we have to enforce EU patent law."After India files its complaint, the WTO could, after a nine-month investigation, dismiss the case, or rule that India has the right to impose retaliatory tariffs on the import of goods from the EU.

Euro / US Dollar Reversal is the Real Deal

A recent divergence between the Euro futures contract and the US dollar index is just one piece of evidence suggesting that the EURUSD has reversed course. Additional evidence includes a long term cycle, wave structure at multiple degrees of trend, and recent momentum considerations

Pakistani stocks end lower; rupee flat

Pakistani stocks end lower; rupee flatKARACHI, Aug 11 (Reuters) - Pakistani stocks fell on Tuesday as investors booked gains after the country's main index gained nearly 2.7 percent the previous day, dealers said.The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.46 percent, or 37.56 points, lower at 8044.50 points on turnover 178.58 million shares.The KSE-index has now gained 37.2 percent this year after losing 58.3 percent in 2008.'We saw some profit taking in some of the blue chip companies since the market rose in the previous two sessions,' said Sajid Bhanji, a dealer at brokers Arif Habib Ltd.The KSE-index rose 2.67 percent on Monday to its highest close this year as the International Monetary Fund increased its loan to Pakistan by $3.2 billion to a total of $11.3 billion.The IMF said it would immediately release $1.2 billion to Pakistan under its economic programme, first agreed in November last year to avert a balance of payments crisis.The rupee closed flat at 82.86/96 to the dollar, unchanged from Monday's close.The rupee has lost 4.5 percent this year after losing 22.12 percent in 2008.(Reporting by Sahar Ahmed; Editing by Victoria Main)((sahar.ahmed@thomsonreuters.com; +92-21 568 5192; Reuters Messaging: sahar.ahmed.reuters.com@reuters.net)) Keywords: FINANCIAL PAKISTAN/(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)COPYRIGHTCopyright Thomson Reuters 2009. All rights reserved.The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Israel finmin supports cbank

Israel finmin supports cbank halt to daily FX buysJERUSALEM, Aug 11 (Reuters) - Israeli Finance Minister Yuval Steinitz said on Tuesday he supported the Bank of Israel's decision to halt a 13-month-old programme of buying $100 million a day of foreign currency that was aimed at preventing the shekel from strengthening.While the central bank stopped buying the $100 million of forex on Monday, it said it would still continue to intervene in the event of 'unusual movements' in the market.'I think that the Bank of Israel is acting judiciously and seeing all the various needs. We, of course, consult with them,' Steinitz told Israel Radio.'We talked about the Bank of Israel's steps in recent weeks. I think that the transition from a permanent daily commitment to buy dollars and the occasional intervention based on the situation, is generally correct,' he said.After gaining early in the session, the shekel was flat against the dollar at 3.87 per dollar in early afternoon trade.Steinitz said the aim of the government was to support Israeli exports -- nearly half of economic activity -- which have been hurt badly by a drop in global demand and a stronger shekel. He noted that the state is also providing guarantees to exporters.He said that the ministry was considering taxing speculators or raising taxes on foreign currency deals from overseas investors but such measures had failed in other countries.'The dollar is weak everywhere. It's our job to do all we can to support the exporters, as far as is reasonable and possible,' Steinitz said, adding that he won't 'determine a limit to (a fall) in the dollar rate'.On the state of the economy, Steinitz said he hoped that the ministry will be able to upwardly revise its forecast from a 1 percent contraction in 2009.'We'll wait another month or two to see that the good data, which are improving, from the last month or two, are indeed stable before risking new assessments and over-optimism,' he said. 'The most we can say is that we are on the right path.There are signs of stabilisation and optimism in Israel and around the world.'That is an encouraging development, but we must be cautious. I hope and believe, like the majority of international agencies that rate us, that we will indeed return to growth in 2010 and even the beginning of significant growth.'(Reporting by Steven Scheer; editing by Stephen Nisbet) Keywords: ISRAEL SHEKEL/FINMIN(steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: steven.scheer.reuters.com@reuters.net)COPYRIGHTCopyright Thomson Reuters 2009. All rights reserved.The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

India aims to up tax target

India aims to up tax target, phase exemptions-finminNEW DELHI, Aug 11 (Reuters) - India will aim at a higher direct tax receipts target of 4 trillion rupees ($83 billion) from the budget estimate of 3.7 trillion rupees in the year to March 2010, the finance minister said on Tuesday.He told tax officials at a conference that tax rates should remain moderate and exemptions should be gradually phased out.'Given the likely impact on government finances due to unanticipated drought, I will like to suggest a further upward revision in the direct tax collection target,' he said.($1=48 rupees)(Reporting by Rajkumar Ray)((rajkumar.ray@thomsonreuters.com; +91-11-4178-1006; Reuters Messaging: rajkumar.ray.reuters.com@reuters.net)) Keywords: INDIA ECONOMY/FINMIN(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)COPYRIGHTCopyright Thomson Reuters 2009. All rights reserved.The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Forex Trading: Forex Traders: The Need to Be Objective

Losing in trade because of predicting the market wrongly is an innate part of Forex trading and traders need to accept it. Besides, they need to learn to avoid getting in a position where they do not have many choices. ...Forex news by Global Vacation

Money Management Principles in Forex Trading (Part III)

by Ahmad Hassam Perhaps the best advice that you will receive in your trading career is live to trade another day. Currency markets are volatile, brutal and unforgiving. You should learn to survive in the markets. The single most common factor that causes many currency traders to blow up their accounts and lose all their money is greed. You start taking unnecessary risks when you get greedy. You will spend many hours trying to find the Holy Grail technical indictor or a forex robot that can

FX Market: British Pound Plummets, FX Traders Prefer Australian Dollars

In a surprise move early in the New York morning, members of the Bank of England elected to following its scheduled interest rate decision. Although there was latent speculation that the measure would surface, for the most part, traders were expecting no real changes to QE with recent pickups in economic data. According to the release this morning, the Bank of England saw it necessary to pump another 50 billion pounds in to the economy to the tune of 175 GBP billion. A good plan to continually increase liquidity and credit in the country, the measure will likely produce more harm than good. As before, the more cash the MPC pumps into the economy, the higher the likelihood that the underlying currency will come under selling pressure. The more pounds that are available in the market, the lower the price will fall. Moreover, the increased supply of cash will likely lead to further inflationary pressures down the road, eroding potential growth in the near term. The sentiment can already be seen in today’s market action as the GBPUSD currency pair lost a whopping 150 pips in a matter of 5 minutes following the announcement. Once trading above the $1.7000 figure, the British pound is now trading about 220 pips lower (as of this writing, the pair is trading at $1.6771). A necessary evil, the chosen expansion will push British leaders of monetary policy to teeter a fine line when it comes to an exit plan.

Mistakes that you can make in forex trading

trading in the simplest of terms is the buying and selling of foreign currencies. The procedure is simple enough. Buy a foreign currency at a certain price, keep it and then sell it when the value is high. The difference in the prices from the time you bought and then sold it is the profit that you gain. When you think about it, it sounds so simple. Don’t be fooled. It’s not that simple. What you do not know is that foreign currencies do not just go up. They can also go down depending on a lot of factors. And these factors are oftentimes not something that ordinary people would know.
So before you get into and invest your hard earned in some scheme, make sure that you know what you are getting into. Read materials about forex trading and talk to people about it. Make sure that you know the risks involved and then decide if you are willing to take them. Below are some of the mistakes that people often make when new in the forex trading. This will help you get to know the industry a little bit better.
1. Trading by day
In forex trading and even in stocks, there is what people call day trading. This involves the buying and selling of foreign currencies several times in a day. This is because foreign currencies fluctuate several times in a day. It goes up and goes down. The day trader takes advantage of these fluctuations to rake in some profit. Although some people gain much this way, experts dissuade people from investing their money this way. This is because day trading can create artificial demand and supply, thus affecting the values of the currencies.
2. News sometimes isn’t reliable
Forex trading is a global industry and sometimes the factors that affect it aren’t only local but world-wide. This is why sometimes the news that you get from television and the newspapers isn’t reliable. Although they are basically true, the news may not be relevant in the global perspective. Sometimes, tips from people in the industry and people are more reliable because they understand the dynamics of the global foreign market.
What they should read instead are books on forex trading. Look into charts and understand what makes foreign currencies appreciate or depreciate. That way, you don’t have to rely on news. You only need to rely on your own understanding and instincts.

Zero Sum Nature Of Commodity Trading And Forex Trading

There are many that do not understand that commodity trading and forex trading are a zero sum game. In other words in order for one forex or commodity trader to benefit ( make money) another trader loses money. It is very clear to me after all these years of commodity trading. Consistent winning commodity traders can only profit to the vast extent that other traders or speculators are willing to lose. Wait a minute..what does it mean “willing to lose”.
Yes, as Ed Seykota has pointed out,everyone gets out of the markets what they seek. Sadly there are many commodity and forex traders that want to gamble or just play. They get excitement out of the markets…it is fun…or a challenge. These same traders have no plan. They have no risk management. They just trade because they think they know the future. They trade on their intuition. They know better than the market in which direction the market will go. Many times they refuse to take a loss.
I am sure all of us know these type of traders.
This is one of the reasons that there exists a zero sum nature in commodity trading and forex trading. These traders losses put money in the pockets of trend following commodity trading advisors & experienced forex traders that do have a plan and understand risk. Hedgers, speculators as well the “gamblers” add liquidity to the markets. This is why trend following works…and will always work over time.
So, What separates winners from losers?
Successful trend following commodity trading advisors & successful forex traders have a plan. They know it will work out over time. They know any trade means NOTHING! They know their money is made over a long period of time. They know they are not playing or gambling.
Successful commodity trading advisors and successful forex traders have an edge. Their edge is that they have discipline that the majority does not have. Their edge is their patience. Their edge is that they realize they do not know the future. They realize they can have multiple small losses…and eventually they will “Stumble” into a some great long term trend and they will make alot of money.
To compound your way to wealth ( if that is your goal) you must have your edge. Your edge can be as simple as allocating to successful trend following commodity trading advisors…or if you know…NOT BELIEVE you have the discipline and patience then trade for yourself and enjoy the freedoms that commodity trading and forex trading provides.

Forex Trading System Online

One of the great reasons to get into FX market is the fact that the FX market is open twenty four hours a day. In addition, the liquid nature of online FX trading offers solid price stability that you can count on. If you’re looking for a forex trading system, there are many you can find on the internet. Just do a quick Google search and you can find one.
Most investments require a large sum of money. That is not the case with FX, every dollar or other unit of currency you put in will work to make you more money. Then when you make more money by buying and selling on margin, you can put that money into more or larger investments. Another great thing about online FX trading is that it doesn’t take a lot of startup capital to make money. Now anyone can start investing in FX without the need for a large amount of money. As long as you have a winning forex trading system in place, it might be the most attractive option. This combined with the leverage of FX trading make a small investment well worth it.
FX trading could be a great way to get an extra income beyond a job or other investments. In other markets, the stock market especially, you can only profit if the market is rising. However in FX trading you can make money even if the economy of your chosen country is on the way down. Combined with the low startup cost and the mini investments, this makes FX trading easy for the everyday investor to get through.
Beyond the demos, most firms offer breaking news, charts and analysis of the FX market to help the investor get the most out of his investment. With all of the benefits of online FX trading over traditional investments, it is a shock that it’s not as widely known or practiced as the stock market. It takes less money than the stock market and can bring in more money per dollar invested.
The latest thing for the Forex trader is something called The Forex Robot. This forex tradining system is basically automated everything for you. It claims to double your return. It might be worth while to take a look.
You can check out a video at Forex Trading site and see if it’s right for you. However, please keep in mind that, like all trading activities, there’s always risks involved and might not be right for everyone. Therefore, please proceed and trade with caution.
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The Advantages Of Mini Forex Trading

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by Bart Icles
Forex currency trading is a large and complex investment market that takes time and effort to understand, apart from other existing trading markets. So why is it so popular, and with so many people wanting to get in? The answer: simply because if and when a trader makes successful transaction, it offers the chance of making a substantial amount of money at the shortest time possible, and with just minimal costs.
Mini Forex trading allows a profitable way of trading by starting with a small capital fund in exchange for handling larger currency sums. The way mini Forex trading is designed with its margin of 100:1, the trader only puts up $1,000 to control the position of a currency sum of $100,000. In futures trading the ratio is 20:1, and 4:1 for equities.
Mini Forex trading is a profitable business to venture into - provided a new trader learns and understands well and fully what the currency trading is all about, in order to minimize the risks involved. Every trader has to understand how the margin account works. Read the contract between you and the clearing firm carefully, and get things in perspective early on.
Any investing trader’s position in the account can be partially or fully liquidated if the available margin in the account falls below within a predetermined amount. Sometimes, positions are liquidated before any margin call can be obtained, but some have automatic stop-loss systems to close out positions before margin runs out. But its still best that you monitor your margin balance regularly and make use of your stop-loss orders when its time to do so, so as to limit the risk of losing your investment.
One of the glaring advantages of Forex trading over other trading markets is that its commission free, so you don’t have to pay exchange and brokerage fees. Forex currency trading is done on a world-wide scale through interbank marketing where buyers and sellers abound, and in constant touch. Without payments for matching up with any buyer and seller, and with larger spreads, its a much better investment market to get into.
Other investment markets such as futures and equities are not at par with Forex trading when it comes to money making potential with low risk involvement. With much lower risk factors to focus on, a trader with a good knowledge of the markets simple principles and basic strategies can easily learn to make consistent profitable deals day in and day out. And though touted as a highly complex and risky venture to go into, starting with Mini Forex trading is the best way for a beginning trader to start.
About the Author:
Succeeding in the takes a desire to learn and a drive to become a great trader. Furthermore takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.Related Post:
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Ways to Read Forex Chart

If you are planning to trade in currency then you should know the different ways of reading the forex chart. Due to this reason you should try to gain the knowledge about reading the charts. If you know this then you would be able to earn huge profits in short duration of time. You would find that the experienced trader would always take the proper training before entering into the market of forex. If you are a learner then you should always start the trade with the nominal amount. You should no invest huge amount at a particular point of time.If you want to learn the ways of reading the forex chart then you can purchase this software that would provide you required knowledge about the forex market. This software would aid you to keep the track of the money that you invest in this market and it would also keep the track of your time that you spend in this market. This software would help you to keep a track of the amount that you have invested in the firm. This software is handy. If you are interested to become a forex trading pro then you should try to take the maximum use of this software. If you use this software then you chart using this software then you would get the perfect knowledge about the forex trading that is offered by the forex market.Currency trading market is considered to the largest market in the whole world and it one of the busiest markets. You would have problem of keeping the track of the forex market. You would be able to keep the track of the various trends that are prevailing in the market. if you are using the this software as a tool then you should study the changes that are taking place in the forex market. The knowledge that you have gain would aid you to trade in the market.If you want to install this software then you need to explore yourself to net. You can use different trends and pattern of the forex chart. You can use the special tools that can be generated in short duration of time. You can use this tool to examine the software that you are using. The forex charts would help the trader to take the decisions about the market in which you are dealing. Forex charting software would provide relief to the people that want to become successful and want to get the deal that they want. There are different methods that can help you to the knowledge that you want to have. This would help you to make the future predictions about the forex market. This would help in charting the different types of software. There are various types of software in the market. You need to select the software as per your needs and requirements. You need to be careful in selecting the software for your deal.

Forex Scalping Strategy

What is Forex Scalping?Forex scalping is the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, "risk control" is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy Forex scalping system in such a liquid market is a "magnet" that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.Forex Scalping - The ProblemThough Forex scalping may seem like a preverbal "holy grail" at first glance, there are still many unseen hurdles that surround the controversial method of trading. If you do wish to add scalping to your trading toolbox, it is extremely important to pick a broker who can support a scalpers's system. You will quickly find that many brokers do not allow scalp trading, as the method of quickly entering and exiting trades may actually cause the broker to lose money at the dealing desk. Forex scalping also does not give the broker a means to trade against their clients which is a way of money making for them. Out of the hundreds of online Forex brokers, only a handful support scalping. It is a very thin line between scalping and short term trading. Generally if you hold trades for a minute or less, you may have problems with brokers. They could warn you and then if you continue shut down your account. However, if you trade in minutes or more, most likely you will not have problems with dealing desk brokers. Non dealing desk (ECN) brokers allow scalping where you can hold a position for seconds however the minimum to open an account is higher ($2,000 and above).Forex Scalping StrategyEffective Forex scalping strategies take advantage of extremely slight price fluctuations (sometimes only 1-3 pips) many times in order to steadily build an account. Because of the smaller number of pips gained per trade, larger than normal leverages play a key role in a successful Forex scalping strategy. By leveraging much more than a standard day trader in a liquid environment, a very skilled scalp trader is able to make just as much money as the day trader in a shorter period of time. However, this is an obvious double-edged sword. The market can just as easily move against you on a high leverage, which could produce substantial blows to your account.Also, it is important to take into consideration the physical and mental speed of a trader who will only stay in the market for seconds to minutes. Executing a scalping strategy by hand can be extremely difficult considering the quick amount of time you must be in and out of the market for your strategy to be affective. Many successful Forex scalping strategies are built to be automated; the rules to the system are coded into a trading platform to automatically perform scalp trades around the clock. Though it is completely possible to trade a Forex scalping strategy manually, the majority of today's traders would agree that automating the process based on a set of rules would be the best way to ensure speed and reliability. When choosing a platform to automate your scalp strategy, it is extremely important to stick with those platforms that allow the execution of your system on every tick (such as MetaTrader 4). This ensures that your entrances and exits will be on a per-tick basis, and will give you a much higher probable rate of success than those platforms who will execute your code more periodically.To understand the full challenge of scalping as a trading style, consider this: hard work and small gains accumulated over a decent period of time could easily be wiped out with one large loss. Finding a balance between profit levels and size of acceptable losses presents the most difficult challenge to scalpers' strategy.Forex scalping can be a good method of growing a managed Forex account quickly, but should not be looked at as the "holy grail" of trading. Most brokers do not support scalping, and a consistently profitable Forex scalping strategy can be very difficult to engineer. However, if much time and effort is spent in system optimization and setting up a good relationship with a scalp supporting broker, the benefits could be well worth the time spent.

Forex Trading Robots

There is no doubt that the Foreign exchange market is among the fastest growing market in the world today. Trading volumes of these markets are growing in an arithmetic progression every year. Traditional daily turnover in Forex markets were reported to be over US $3.2 trillion in April 2008. With this figure alone, no one should tell you how liquid Forex markets really are. Though the bad economy has greatly reduced the potential of the Forex matters, its still stand out as the most liquid markets you can find out there. Trading Forex is a very difficult and risky task. But given the huge amount of profits available in this market, people are flooding it on a daily basis with the aim of making some extra or full income from Trading Forex. With the financial crises around, and people loosing their jobs, some folks always think Forex trading can be a save heaven for them. But you should always take special care when getting in to such markets because: where there are big profits to be made, there is always the possibility of big losses as well.In any efficient economy, there would always be a supply to every demand. Given the complexity involved in trading in the Forex markets, there are quite a number of people who don't know enough about Foreign exchange markets but are interested in trading foreign currencies. Special software called Forex robots have been designed which could greatly reduce this complicated process involved in Forex trading.Most of this software is called Forex robots, meaning that they are capable of instructing you exactly on what to do in what circumstance. Others may even automatically do it do it for you. For example, the robot may instruct its user to sell a particular currency, and buy another currency based on the market data analysis made.While these robots could be right in most cases depending on the mark, it is good to take note that they are not always correct. There are just a software and like any other software, their output depends on their input. Garbage in, garbage out. This simply means that you may loose so much money if you don't a good robot that that has been effectively designed to take most of the parameters into account. The Forex market is actually beyond the reasoning scope of even a Forex robot. That is why no one can say with certainty that they can trade Forex without some losses here and there.Since Forex indicators have been programmed to run on some given pre- market indicators which have been judge by experts as key indicators preceding key events, it can be a wise idea to take a look at them if we intend to trade this very liquid market.Forex Trading,Forex,Forex Invasion,Forex Derivative,Forext Trading Tips.

A Few Forex Tips To Help You Achieve Success

A Few Forex Tips To Help You Achieve SuccessYou can earn a lot of money through Forex and it in fact only requires that you learn from some tips that will show you how to maximize your profits from dealing in foreign currencies. The simplest Forex tip is to use weekly charts to boost your profitability. This means that you have to take the trouble of checking the weekly charts so as to be able to gain a proper perspective of the currency market. Such weekly charts are ideal for learning and finding out more about the major trends that are taking place and they will also help you understand the proper support as well as resistance levels as too gains insights about entry points.Don't OvertradeAnother simple Forex tip is learning to avoid from doing too much trading. It pays to understand that fewer trades you enter into the better are the chances that you can realize a handsome profit. It is more important that you concentrate on getting things right rather than indulging in quantity trading. Smart Forex operators earn money from doing the right things well and avoiding doing the bad things. In fact, the more successful traders earn high amounts of money from doing only limited amount of trades.A healthy appetite for risk is essential to succeeding with Forex and so you have to learn how and when to take risks which however must be judiciously taken and which should not deteriorate into starting to gamble in the hope that you will make a major killing. At the very least a person that is averse to taking risks must abstain from doing Forex deals.For those people that do small Forex trades it is not a good idea to branch out because it is in fact necessary that they concentrate and focus on their limited trades instead of trying to expand their dealings without having already tasted success.You can also succeed with Forex by setting yourself realistic targets. The more realistic you are the better are the chances that you will be able to work hard enough to realize your objectives. You should decide to engage you in Forex and then give your all to succeeding and also keep in mind that your targets are not too farfetched or unrealistic.With these tips in mind you should get started with Forex and bear in mind also that to be successful you will need to learn how to focus your efforts on the best trades that should be used with best odds of succeeding. Weigh your options and set realistic targets and then do your best to realize a profit.

FOREX Resources

The aim of Forex trading is to make profit with increasing or decreasing currency prices. A trade is place when you expect the value of a specific currency to increase. In a currency pair, when the currency you buy increases, you must sell the other currency to make a profit. An open trade, or open position, this a trade in which you have already bought or sold a currency pair, but have not yet bought back an the same amount. The five most popular currency pairs in Forex at the moment are USD/Yen, Euro/Yen, Pound/USD, Swiss franc/USD, and the Euro/USD.

So, how to create a perfect Forex trading system?

First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used.
Secondly, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.
Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

The Perfect Forex Trading System

Trading the Forex market has become very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.
Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) But what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.
There is an important implication on this definition of technical indicators. The fact that the readings obtained from them are based on price action. Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA crossover the long period MA generating a long signal. Most traders see it as “the MA crossover made the price go up,” but it happened the other way around, the MA crossover signal occurred because the price went up. Where I’m trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.
Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesn’t want to go up. Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.
Don’t get me wrong here, technical indicators are a very important aspect of trading. They help us see certain conditions that are otherwise difficult to see by watching pure price action. But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.

Automated Forex Trading System

With more and more people joining the forex market, the use of Automated Forex trading systems has also gone up. For most of the Forex market speculators, automated forex trading systems are a great way to predict things and thus make huge profit. Broadly, the Automated Forex trading systems can be divided into two main types. They are: · Desktop-based systems · Web-based systems Desktop-based systems: In this type of systems all the Forex related data is kept on the hard drive of your de

Online Forex Trading

The World Wide Web makes up one of the most effective tools that you can take advantage of today.
With the progression of communications engineering, you can send and receive data to and from the Internet for nothing or at a very inexpensive price. Since the evolution of the Internet and introduction to the public, people have been using it to convey with family and friends.
With the Internet, you can talk for nothing even though the person you are talking to is on the other side of the world. Nowadays, due to of the advancement of the web, and the accessibility of an inexpensive broadband Internet connection, it is now conceivable for people to start an online business, work online, and also trade in the financial market.
Trading in the financial market online has a lot of advantages. You no longer need to be inside the market floor to trade. All you need is a computer with a high-speed Internet connection, and trading software and you’re ready. If you are thinking of trading in the financial market, you might want to consider trading in Forex.
In the past, because the Internet was still in its early childhood and the best forex markets had strict sanctions and policies, day-to-day people, such as yourself were not permitted to trade in the Forex market.
Only multinational companies and financial institutions were allowed and it also required huge amounts of investment capital to start trading in this financial market. The Forex Market is the largest and the most liquid financial market in the world. It operates 24 hours a day and generates currency exchanges that amount up to 2 trillion dollars each day. With this kind of feature, people would really want to trade in the Forex market. With the progression in the Internet technology, it is now possible for people to trade in the Forex market.
The Forex market also opened up its doors to independent traders and brokers. Forex trading is considered to be a great money making tool that you can take advantage of. With the correct skills and know how, you can really be prosperous in the Forex market and earn that money you have always wanted. It is also a truth that a lot of people who have traded in the Forex market have gained quite a lot of profits. Some even considered it to be a great full time career and decided to leave their regular jobs to trade fulltime in the Forex market.
However, the Forex market also carries an equal risk to traders. There is also a chance for you to lose money when you trade in Forex. It is also a fact that Forex took people in the brink of financial collapse. However, with the right skills, knowledge and strategy, you can minimize the risk and maximize your earning potential when you trade in this very liquid market.
If you are searching a great fulltime career that you can do in your own home, you can consider the Forex market as one of the best career choices. The first thing you need to have in order to start trading in the Forex market online is by having a fast computer with a fast internet connection.
Fast Internet connection is very necessary in order to let you have access to real time information on what is happening in the market. This will also prevent slippage. The next thing you need to do is hire a firm that is available online that specializes on Forex trading.

Forex Courses Vs Forex Trading Software - Which Should You Choose?

On the face of it, it looks no contest because with Forex software you don’t have to work, you simply pay your money and sit back and the money rolls in but of course it doesn’t! These systems all lose money. On the other hand, a good Forex course will give you the knowledge and skills you need to win.
You don’t get success in a market where 95% of traders lose by following a cheap, software package and that’s a fact. All the traders who make money learn skills and you must too. The good news is, there are Forex courses which can help you learn quickly, give you confidence in what your doing and give you skills which can last a lifetime. Lets look at what the best ones will give you.
The best courses will all come with a 100% money back guarantee, so if you find Forex trading is not for you, you can simply have your money back so you have no risk.
The best courses will give you a proven Forex trading strategy, you can learn and apply in the market. To help you further, most vendors will demonstrate how their systems work in real time, so you can judge how successful they are and sharpen your trading skills at the same time and gain confidence. The best courses also throw in unlimited email support so you can ask questions as you learn.
The best Forex courses, will give you skills you can apply to make yourself a great second income in around 30 minutes a day after just a few weeks of study.
If you want to enjoy currency trading success ,you have to work for it and the best courses will cut your learning time and help you succeed and for the effort you have to put in, no other business can reward you so handsomely for your effort.
NEW! 2 X FREE ESSENTIAL TRADER PDFSESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf’s, with 50 of pages of essential Forex info and a PROVEN Forex Trading Course visit our website at:

What You Need To Remember Before Choosing Forex Trading

What are the important factors to be kept in mind when choosing Forex trading software? While there are many, the crucial points are performance of the software and its profit potential. So, how do you choose the right software? There is no dearth of software in the market to assist you with Forex trading. However, if you are a newcomer to this field, beware of software scams. It’s not difficult to be fooled by their convincing claims and promises of high returns on investment. Read on to find out exactly what you need to consider before you finalize on the software of your choice.
Fully Automated Software
Forex trading calls for making a lot of complicated decisions. Pondering over these decisions while taking into account a whole lot of information and data is not easy. Especially for newcomers who are still on a learning curve. However, with speed on their side, Forex traders can make very important decisions in a jiffy and speed up the trading process. When buying Forex trading software, find out if it is fully automated. That way you, you will be able to do many things, from the analysis of market conditions to the selection of the best currency pair to trade in much faster.
User Interface Should be Simple
Not all of us are comfortable using complicated software with confusing interface. There is beauty in simplicity, and it would be best to go for Forex trading software that have a simple and user friendly interface. As far as possible, avoid programs that are difficult to use. Choose one that is easy to learn and can be mastered fast. Look for software that can train you with the help of interactive videos. More and more software companies are beginning to include these training videos along with the software.
Server Based Software or Web Based?
There are two types of Forex trading software – one that is server based and another that is web based. The server based software needs to be downloaded from a server and installed on to your computer. A lot of people don’t prefer the server based programs as they are rather expensive and call for regular maintenance and updating. The web based software, on the other hand, is much more convenient to use. A user account is created in your name on the website and whenever you want to access your account, you can log in with it and your password. They do not require maintenance, and can be accessed from any computer.
Other Factors to Keep in Mind
Choosing Forex trading software is also a matter of personal preference. You need to go for software that complements your knowledge of the field, experience and interest. When choosing an automated system, go for one that has the ability to convert pips into money. The software should also be capable of being installed on a virtual server. If you are still unsure what kind of software to buy, contact your local brokers and find out what they would suggest. When buying software from a company, thoroughly cross check the testimonials.

Importance of Forex trading education

Jun 29th, 2009
by min. No comments yet
Foreign Exchange [Forex] involves exchanging of different foreign currencies for a profit. The reason for buying the currency of another country may be the need to buy some commodity of the said country as well, besides making money through the difference in exchange rates. In the latter case, people buy currency of a foreign country when the rate in the market is low, and sell it off when the rates go up. Currency trading is usually done between the central banks, the government, speculators and MNCs. Nations cannot trade with each other without the presence of a foreign market. A huge amount of money is daily traded in the Forex market, though the amount invested by an individual trader may be very low. No one individually can have any influence on the Forex fluctuations, not even the government. So it can easily be concluded that the level of the currency reflects the strength or the weakness of the economy of a country. So this makes the Forex market a good place for competition. The government and the central bank do try to stabilize the currency of their country by speculating, by buying and selling currencies at appropriate times. So they can influence the market if they conduct a trade in huge volumes, though. To buy its own currency, however, the government or the central bank must have huge reserves of foreign currency with them. So it is virtually impossible to inflate the currency value artificially. With Forex trading education you will understand the mechanism better.

Learn to trade forex - place orders

Jul 4th, 2009
by min. No comments yet
Four Main Types of Orders in Forex Market There are many kinds of orders you have to learn to trade forex which traders can place to transact in the Forex market, for making profit out of it.
• Market Order
The market order is the most simple and common kind or order. Here, the trader buys and sells the currency at the rate prevailing in the market at the time of placing the order. Continue reading →

Traits of successful forex traders

Jul 19th, 2009
by min. No comments yet
Actual Expense Trends Basics + Individual Insight into them = Forex Market Trends
People are seldom rational. They often function emotionally, which is why logical reasoning does not always hold true. Continue reading →
Posted in: Successful forex traders.Tagged: Successful forex traders

FOREX EDUCATION

by Work in FOREX EDUCATION
The unfilled term is proposed for those who just curved their eyes about FOREX. Beginning traders who are still tutoring the basics of the alien chat bazaar may also find something of fascinate here. While experienced traders won’t profit something meaning their time appraisal this clause. Continue reading this post

acm forex trading platform

by Work in acm forex trading platform
The ACM Forex Trading Platform - Is it Any
The trading of the Forex promote used to be the reserve of traders who had access to huge amounts of principal. You needed to be moreover a monetary institution or a very wealthy individual to be able to afford to play in an advertise with a large total of venture. Nevertheless merit to the Internet, this has now misused. The little guyed is now able trade alongside the big institutions. And many brokers have welcomed these individual traders with open arms. One of the best of this new breed of dealer is the ACM Forex Trading Platform. Continue reading this post…

Pakistan Prize Bond Draw Results

For those who keep their money in prize bonds. Prize bonds are issued by the government of Pakistan. Prize bonds are similar to cash because you can buy a prize bond from any bank and sell it to anyone. The government in turn holds draws and gives cash prizes to the winners.

Bullion Rates

Investment in gold bullion means that your money is protected from inflation. A reason enough for why you should invest in gold bullion. For gold bullion coins collecting as well as other precious metal investments, you must be aware of gold, silver, platinum bullion rates.

Forex Archive & Charts

Forex charts assist the investor by providing a visual representation of exchange rate fluctuations. Many variables affect currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of day may affect exchange rates.

Welcome to FOREX.pk

Forex.pk, Pakistan's best forex portal provides you upto the minute forex rates in Pakistan Open Market, Pakistan Inter Bank & International forex market. Here you will find forex rates archives, graphs, charts, forex news, forex dealers directory, currency directory, gold prices, pakistan prize bond results and a wide range of information to help you explore the world of forex.

About Forexpk

It is a real pleasure to write that by the Grace of God, our website forexpk.com has emerged as one of the comprehensive web based research projects not only among the so many categories of KalPoint.com but at the national level as well with due passage of time. As the name itself suggests, www.forexpk.com is all about Forex and business and is a proud product of KKI R&D Department. This is one of KalPoint's major and best hit categories and now stands as one of the premier business websites of Pakistan and a complete portal in itself. The project caters highest number of visitors on a daily basis and holds the honour of one of the most visited websites in KalPoint.com.

Forexpk.com which started off with just a few web pages is now spread over 800 web pages covering not only the currencies but other sectors of business as well. Initially this project was primarily focusing on currencies but now, comprehensive coverage is being given to different other business sectors including stocks, news both national and international, market commentaries covering currencies, stocks, oil, bullion, government policies, useful links, trade news and related policies as well and there is much information available on this project now for the domestic visitors, bankers, corporate customers, students and people involved especially in research projects. Some of the main services which are being offered are highlighted as under:

Real time Forex rates and market commentaries:

One of the most unique features of Forexpk is the availability of the current currency rates to the users, which is not available anywhere on the web from Pakistan. These rates are provided through the courtesy of Khanani and Kalia International (Pvt) Ltd. which are updated round the clock, number of times a day, so that the purpose of providing the most updated information to the visitors can be justified. This section establishes a general perception that KKI provides the most current, authentic and genuine rates not only in the market but on the web as well. Likewise, inter bank rates are also available which are displayed in collaboration with various banks including UBL and HBZ mainly. The real time rates are followed by the market commentaries, which are compiled by our Research team on a daily basis and cover kerb, inter bank and international markets. These reports are written in a way so that the market activities of the whole day can be concluded and the visitors may identify the major causative factors of the ups and downs of the money market in Pakistan on a particular day.

Historical Rates and Charts:

We also maintain historical rates and charts in the form of an Archive which contains the rates of last 14 years of all those currencies that are traded in the market. It is the only website across Pakistan which gives the users the past currency rates and charts of all the currencies being traded in the market. Thus you can obtain the rates of any currency that you want provided it is traded in the market by just selecting from given slots the required fields and you can get the desired results within a flash!

National and international news:

As an attempt to provide major national and international economic news to our visitors, the news section is present there. The national news section is covered up in special collaboration with Jang Group of Newspapers while international news is being grabbed from world's most authentic news sources. This feature infact keeps our visitors well informed with the latest and current happenings on an international level.

International conversion rates:

This page of the Forex category gives cross currency rates that are an important part of many of the world’s leading currency sites. The cross currency rates are available in a chart form and are taken from an authentic currency site. This chart provides a tabulated currency position of major currencies with each other that helps the users to identify the rates of the currencies crossing each other in the international market.

Stock news and research reports:

The coverage of national and international stock markets is yet another addition to the site that has added tremendously to the goodwill of our site that is reflected through the feedback received from the users. This section includes the daily news covering the major events of the major bourses at the international scenario. This section is helpful in gaining access to the noticeable events and news marking the national and international stock markets. Forexpk.com is now emerging as one of the major sources of giving daily, weekly and monthly exclusive research reports of the major stock exchanges of Pakistan.

Exclusive Articles and research reports:

It is a firm belief that the writings of the prominent opinion leaders add to the authencity of any specialized site. And for a business site, its importance increases to further extent. In order to provide a special space for the valuable writings of eminent personalities, Forex exclusive section has been initiated. This section is specifically allocated to the people who write on specific issues related to the financial set up of the country. The Research team prepares periodical research reports covering currencies, stocks and major economic issues which already are creating a great impact among our valuable visitors. Recently, we came up with Economic Summary of Pakistan which was the first of its own kind in Pakistan and the effort was praised by masses.

And this is just a glimpse what we are offering at forexpk.com! Our round the clock efforts are aimed to give our users the best, accurate and updated information. Every thing related to forex and various areas of business is included here. You are more than welcome to visit us and you will truly admit the fact that Forexpk’s new slogan is its true definition as it goes as “The Finest Forex Portal of Pakistan!