The Obvious Advantages of Trading Forex over any Other Open Market

The sudden hype around Forex trading is not without good reason. Forex, which is the exchange of currency on the open market, provides a number of benefits that you won’t get from the stock market or other trading venues. Forex is fast, it’s fun and it has the potential to lead to big profits.

The Size of the Market

There is close to 2 trillion dollars being traded on the Forex market every single day. You don’t have that kind of liquidity in any of the other markets. With that much money floating around, there is no worrying about prices changing too much before you are able to enter or exit your trade.

With a market that is this large, it is also nearly impossible for prices to be manipulated by any one single group. This allows for a more accurate read of supply and demand as you analyze the market and your currency pairs.

Small Initial Capital

If you shop around brokers, you are going to find some that allow an initial investment of as low as $50. There is always potential to gain money in the Forex market, even when you are only putting up a small amount of money to start. Continue reading "The Obvious Advantages of Trading Forex over any Other Open Market"

Let's Take A Look At The Currency Markets

In light of the news from the land of the rising sun and the sinking currency, let’s reserve NFTRH 315’s only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [not included in this excerpt] as we try to gain perspective on things that may seem illogical to our rational minds.


Yen is losing the next level of support.  BoJ saw that support too. I’ll bet they also took note of the big October bounce and found it unacceptable.


The Euro is losing the support zone after bouncing above it in-month. Continue reading "Let's Take A Look At The Currency Markets"

Gold and Bitcoin: Currencies of the Future - James Turk

The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?

James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France is not quite as bad as the Mediterranean countries, but in economic activity, it is worse off than Germany and the rest of Northern Europe.

TGR: What role does the euro play in all this, and where might the next crisis take place? Continue reading "Gold and Bitcoin: Currencies of the Future - James Turk"

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Currency Commentary for Wednesday

The September Dollar was lower due to profit taking in overnight trading as it consolidates some of last week's rally. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, June's high crossing at 84.00 is the next upside target. Closes below the 20-day moving average crossing at 82.49 would temper the near-term friendly outlook. First resistance is Tuesday's high crossing at 83.65. Second resistance is June's high crossing at 84.00. First support is the 20-day moving average crossing at 82.49. Second support is the reaction low crossing at 81.56. Continue reading "Currency Commentary for Wednesday"

"Saturday Seminars" - Channel Analysis—The Key to Improved Timing of Trades

Currencies, fixed income, equities and futures are all characterized by price movement that is simultaneously both random and cyclical. The random movement is, of course, unpredictable. Cyclical movement is somewhat predictable, although not completely because the various cycles undergo gradual changes in amplitude and frequency. Channel analysis provides a simple way of focusing on the predictable. This knowledge will enable the trader to enter and leave the market at the optimum time for maximum profits. Using examples from the currency and stock markets, Brian shows you how the channel analysis method can be applied to both short-term and medium-term trading. You will learn fundamental relationships between short-term and medium-term trends, and how to decide when either type of trend is likely to change direction. You are given guidelines and rules for estimating the future target area in which the trends will again reverse direction. This will enable you to choose the trades with the highest gain potential and lower risk at the time trade is contemplated.

Listen to Brian explain his 6 rules of successful trading...

  • Hold a maximum of 8 stocks in your portfolio
  • Invest approximately equal amounts in each
  • Diversify between sectors
  • There should be a logical reason for every action
  • Should avoid the "manana" attitude
  • Analyze and learn from every mistake

Brian J. Millard earned a Ph.D. in chemistry and was a senior lecturer at London University for fifteen years before beginning to use his scientific training to analyze the stock market. He left the university setting in 1981 to establish his own investment publishing business, writing books and authoring investment software. He is the author of five books: Stocks and Shares Simplified, Traded Options Simplified, Profitable Charting Techniques, Winning on the Stock Market, and Channel Analysis. The latest editions of the latter two books have been widely acclaimed for breaking new ground in the development of prediction tools for the market. John Wiley and Sons has taken over the publishing and distribution of his books, leaving Brian free to concentrate on investment research and software development. Brian is one of the few independent investment researchers in the United Kingdom. His work has advanced the concept of channel analysis, first developed by J.M. Hurst, into the realms of probability and chaos theory. Probability and chaos theory have recently appeared in software as the program Sigma-pTM. This software predicts turning points in long term trends up to six months into the future. Interest in Brian’s work has increased dramatically over the past several years. Traders throughout the United Kingdom and Europe are discovering his low risk, high profit methods through the use of popular channel formulating and drawing software now available. Professional traders throughout the European Common Market have requested that he share his insights and expertise via seminars and personal appearances. --- To access more audios and videos please click INO TV