March 9 (Bloomberg) -- The yen declined against the dollar and euro as Japan posted its first trade deficit in 13 years, reducing the currency’s appeal as a refuge.
Britain’s pound slipped below $1.38 for the first time since January after the government took a majority stake in Lloyds Banking Group Plc, the biggest U.K. mortgage lender. The dollar rose against 15 of the 16 most actively traded currencies as investors sought safety in the world’s reserve currency.
“The worst trade data on record and first current account deficit posted in 13 years derailed the yen,” said Jack Spitz, managing director of foreign exchange at National Bank in Toronto. “There’s Japanese yen weakness and British pound weakness. You can take your pick on which will do worse.”
The yen weakened 0.8 percent to 99.02 per dollar at 10:08 a.m. in New York, from 98.25 on March 6. Japan’s currency depreciated 0.6 percent to 125.04 per euro from 124.34. The euro fell 0.3 percent to $1.2617 from $1.2653.
Japan, the world’s second-biggest economy, recorded a current-account deficit of 172.8 billion yen ($1.76 billion) in January, the Finance Ministry said in Tokyo. The deficit was the widest since January 1985, the earliest year for which there are comparable data.
Futures traders decreased bets that the yen will gain against the U.S. dollar, figures from the Washington-based Commodity Futures Trading Commission showed. The difference in the number of wagers by hedge funds and other large speculators on an advance in the yen compared with those on a drop -- so- called net longs -- was 20,070 on March 3, compared with net longs of 28,635 a week earlier.
Dollar Index
The Dollar Index, which the ICE uses to track the greenback’s performance against the currencies of six major U.S. trading partners, rose 0.8 percent to 89.218. The index touched 89.624 last week, the highest level since April 2006.
The MSCI World Index lost 0.9 percent today, while the Standard & Poor’s 500 Index increased 0.4 percent after declining the most last week since November.
The pound fell against all of the 16 major currencies after Lloyds Banking Group ceded control to the government in return for state guarantees covering 260 billion pounds ($367 billion) of risky assets. Sterling lost as much as 2.5 percent to $1.3743, the lowest level since Jan. 26, and dropped 1.7 percent to 91.28 pence against the euro.
Thursday, March 12, 2009
Euro, Pound Finds Support Despite Declining Manufacturing Activity, Bernanke To Speak
The Euro accumulated over 100bps in gains through overnight trading as equity markets looked to rebound after a week of risk aversion. The first increase in German consumer prices since July, 2008 added further evidence that prices are beginning to stabilize. However, the remainder of the economic docket provided more evidence that the European recession is deepening. Indeed, German exports fell by 4.4% which was the fourth straight month of weakness, which led to an increase in the trade balance to 8.5 billion from 7.3 billion. Meanwhile, French manufacturing fell 4.1% in January bringing the annualized decline to 16.5%. A 15% drop in consumer goods was the main cause of the decline as the deepening recession continues to lead to consumers retrenching. The Euro’s strong correlation to risk appetite was evident today as the single currency gained despite weak fundamental data and ECB member Lorenzo Bini Smaghi dovish comments. The policy maker stated that “If the (economic) situation worsens, the ECB is ready to reduce rates further, even to zero,” in an interview with German business paper Boersen-Zeitung. This is a departure from the consistent rhetoric from the central bank that a zero interest rate policy wasn’t a possibility. He would go on to say that increased deflationary pressure would be the main cause of such an aggressive move. Although the increase in German prices makes that scenario less likely, a drop in Chinese prices could filter through to the global economy and raise those concerns again. Meanwhile, Bundesbank President Axel Weber is on the worse stating that the German economy is expected to be hit worse than expected by the global downturn which could lead to heavy Euro trading. The 20-Day SMA at 1.2701 has provided resistance again for the euro/dollar which could leave the pair open to a retrace during U.S. trading.
Aussie Rises as RBA Leaves Rate Unchanged
The Australian dollar went up against all other major currencies today after the country’s central bank decided to leave the policy interest rate unchanged, unexpectedly stopping its most aggressive rate-cutting streak.
The Reserve Bank of Australia left the rate unchanged at 3.25 percent today for the first time in seven month, stating that the record low interest rates and the government’s spending are already helping the national economy to recover. The Aussie rose against the U.S. dollar, the Japanese yen, the Great Britain pound and the euro.
The analysts expect also a positive outcome from the tomorrow’s report on the fourth quarter GDP growth in Australia. The median forecast is at 0.2 percent advancement, which compared to the other developed economies is quite good. The traders believe that the current growth of AUD is sustainable in the short-term and it will probably last for several weeks.
AUD/USD rose from 0.6291 to 0.6431 as of 8:57 GMT today. AUD/JPY advanced from 61.06 to 62.92; AUD/NZD went up from 1.2775 to 1.2877. EUR/UAD declined from 1.9951 to 1.9652 today.
The Reserve Bank of Australia left the rate unchanged at 3.25 percent today for the first time in seven month, stating that the record low interest rates and the government’s spending are already helping the national economy to recover. The Aussie rose against the U.S. dollar, the Japanese yen, the Great Britain pound and the euro.
The analysts expect also a positive outcome from the tomorrow’s report on the fourth quarter GDP growth in Australia. The median forecast is at 0.2 percent advancement, which compared to the other developed economies is quite good. The traders believe that the current growth of AUD is sustainable in the short-term and it will probably last for several weeks.
AUD/USD rose from 0.6291 to 0.6431 as of 8:57 GMT today. AUD/JPY advanced from 61.06 to 62.92; AUD/NZD went up from 1.2775 to 1.2877. EUR/UAD declined from 1.9951 to 1.9652 today.
Friday, March 6, 2009 Forex Trading Automated Systems Outlook
Momentum2, Momentum1, and Breakout2 trading strategies started the week well, and we hope that similar price action in the days ahead will create similarly favorable market conditions for these signals. All three of these systems had suffered through recently choppy price action, but early signs of major trends in key currency pairs gives us hope that their performance will improve through the near term. Of course, there is a distinct possibility that we may see market conditions return to previously range-bound price action. The US Dollar index trades at highly significant resistance, and a failure to break higher could mean that we are once again stuck in broad trading ranges.
It will be important to monitor US Dollar pairs through the near term and manage our trading biases accordingly. For the moment, we favor Momentum1 and Momentum2 trading signals. Yet this could easily change if we see signs of Rangebound markets, and we will update our Forex Trading Strategy Outlook accordingly.
It will be important to monitor US Dollar pairs through the near term and manage our trading biases accordingly. For the moment, we favor Momentum1 and Momentum2 trading signals. Yet this could easily change if we see signs of Rangebound markets, and we will update our Forex Trading Strategy Outlook accordingly.
US dollar is becoming a real gold in kerb market
The Karachi Stock Exchange: For a short-term period US dollar has a great increase. For this time the US dollar went up to 70 paisas against the rupee in the open currency market that was hold on Tuesday to close at rupee 79.20 for buying and rupee 79.50 for selling.
Interestingly that such a high rate was the demand for dollar while open currency market activities. Amazingly a rush for dollar provoked some exciting events in the open currency market. For example, one moneychanger being there said he was buying US dollar at Rs 79.50, but he had closed selling. What’s more another famous exchange company announced they were just buying dollars but not selling. A leading moneychanger pointed out “Today people are mad about dollar. It’s a kind of common panic. People have heard from somewhere that some bank is going to come to ruin, so they are taking back their money from banks and in a fussy way buying dollars from us.”
Interbank market report: The US dollar increased to Rs 78.70 in the interbank market on Tuesday from rupee 78.35 level observed on Monday.
“We are making just payments but we can’t see any inflows,” noted a senior treasury public officer at a large local bank. “We should admit the fact that the interbank market has some evident problems to meet customers’ demand for US dollar, which is pushing the dollar rate higher.”
He also admitted the situation was ‘hard’ as the central bank couldn’t support the domestic currency via injections following the exhaustion of resources in foreign exchange reserves.
Meanwhile last week the State Bank had reported that Pakistan’s foreign exchange reserves dropped by 690 million dollars to 8.13 billion dollars in the week that came to an end on September 27. Currently the reserves are about half the size of the record 16 billion dollars to add the level seen in October in 2007. The country’s foreign exchange reserves are keeping to decrease because of growing imports, congested exports and run-out of foreign investment from stock markets. Analytics say that reserves may drop further if the country imports cotton production and manure. Asian Development Bank gave a 500 million dollar lend last week. This amount is likely to help to foreign exchange managers but currently they require some more funds.
Interestingly that such a high rate was the demand for dollar while open currency market activities. Amazingly a rush for dollar provoked some exciting events in the open currency market. For example, one moneychanger being there said he was buying US dollar at Rs 79.50, but he had closed selling. What’s more another famous exchange company announced they were just buying dollars but not selling. A leading moneychanger pointed out “Today people are mad about dollar. It’s a kind of common panic. People have heard from somewhere that some bank is going to come to ruin, so they are taking back their money from banks and in a fussy way buying dollars from us.”
Interbank market report: The US dollar increased to Rs 78.70 in the interbank market on Tuesday from rupee 78.35 level observed on Monday.
“We are making just payments but we can’t see any inflows,” noted a senior treasury public officer at a large local bank. “We should admit the fact that the interbank market has some evident problems to meet customers’ demand for US dollar, which is pushing the dollar rate higher.”
He also admitted the situation was ‘hard’ as the central bank couldn’t support the domestic currency via injections following the exhaustion of resources in foreign exchange reserves.
Meanwhile last week the State Bank had reported that Pakistan’s foreign exchange reserves dropped by 690 million dollars to 8.13 billion dollars in the week that came to an end on September 27. Currently the reserves are about half the size of the record 16 billion dollars to add the level seen in October in 2007. The country’s foreign exchange reserves are keeping to decrease because of growing imports, congested exports and run-out of foreign investment from stock markets. Analytics say that reserves may drop further if the country imports cotton production and manure. Asian Development Bank gave a 500 million dollar lend last week. This amount is likely to help to foreign exchange managers but currently they require some more funds.
Basic Easy Forex
One thing is for sure when you are using the easy forex website you will have no problem getting acquainted with the forex market as well as the forex information that you need to know in order to be a successful trader, there are going to be times that you may feel like you are on the bottom when it comes to the information that you know about the market because of the fact that you are a beginner, but believe me when you are using the easy forex website there is no need whatsoever to feel like you are on the bottom because you are actually on the top.
Easy Forex and Live Training
When it comes to easy forex and lives training you be able to enjoy the background information that they will provide you with that are about the forex market as well as a guided tour and seminars. You will also be able to have access to one on one training as well as chat and telephone support, you will also be able to enjoy assistance tools that also include technical support. There will never be a time when it comes to easy forex that you will ever be left alone to trade without any help, if you really and truly need it. When it comes to easy forex you will be able to see that they are all about helping you out by providing you with your very own personal account service manager that will take the time to guide you love when you take your first trading steps just so that they are able to help you get acquainted with the easy forex system, they will also be there to answer any technical questions that you may have.
Easy Forex
In the following article, I am going to give you some information about easy forex which is a website that is located on the internet. As you may or may not know there are tons of websites that are located on the internet that are full of information that you may want to learn about the forex market. However, when you are searching for a website that you want to use when it comes to learning about forex, it is important that you are able to find a website that is going to provide you with all the information that you need in order to be able to start off in the forex market as a successful trader. Some of the websites that are located on the internet are not really good resources to get the information that you need because of the fact that they are unstructured and may cause you to get confused instead of teaching you what you need to know about the forex market and forex trading. Easy Forex is a website that is easy to understand and it is also easy to navigate through, so if you want to make sure that you are able to get accurate information all you have to do is log onto the site and you will be able to get all of the information that you need in order to get started in the forex market. In the following article, I am going to take the time to tell you about some different information that you may find on the website so that you will know what you are looking for when you visit the easy forex website.
Asia Forms Forex Pool
After nearly six months of currency depreciation, the nations of Asia have finally been spurred to action. Japan, China, and South Korea have joined together with the 10 ASEAN economies to form a $120 Billion pool of foreign exchange reserves, which contributors can tap into to protect their currencies. The goal is to prevent capital flight and currency weakness from engendering the same kind of financial crisis that only 10 years ago ravaged Asia. Fortunately, this time around, the 13 countries possess a combined $3.6 Trillion in reserves, which can be deployed in forex and securities markets in order to restore investor confidence. Ironically, the bulk of these reserves belong to China and Japan (who are also funding a large portion of the forex pool), both of whose currencies remain strong in spite of the crisis. Bloomberg News reports:
The fund is aimed at ensuring central banks have enough to shield their currencies from speculative attacks such as those that depleted the reserves of Indonesia, Thailand and South Korea during the 1997-1998 financial crisis.
The fund is aimed at ensuring central banks have enough to shield their currencies from speculative attacks such as those that depleted the reserves of Indonesia, Thailand and South Korea during the 1997-1998 financial crisis.
FOREX NEW YORK SESSION
The price action was mixed in NY trading as the flows around tomorrow's month end continue to be volatile. US stocks shed another -1.5% in broad terms as details of Obama's massive budget and $1 trillion in proposed tax hikes led shares lower. The 7-year Treasury bond auction, the first since the early 1990s, was described as sloppy though the bid/cover of 2.1 suggests demand for US paper remains robust. Bonds were lower as demand for higher yields drove prices down. The 10-year rate added 7bps to near 3.00% while the 2-year was pretty flat at 1.08%. Gold lost another -$7 towards 946 as profit taking continued. The precious metal briefly tested 935/930 support and this is expected to be an interesting level as we head into the weekend.
EUR/USD edged about -50 pips in NY trading as failure to take out the 1.28 barrier put downside pressure on the pair. The 200hr SMA by 1.2710 and hourly trendline by 1.2670 now look like the next barriers to further weakness. USD/JPY was bid more than 30 pips despite the weakness in stocks as the yen safe haven myth continues to evaporate. The pair was sitting near the 98.50 pivot at the NY close and 99 looks like the next hurdle in the rally. USD/CAD surprisingly jumped about 95 pips to 1.2530/40 despite the pop in oil prices to near the $45/bbl level. Look for this correlation to resume once the murkiness around month-end subsides next week.
EUR/USD edged about -50 pips in NY trading as failure to take out the 1.28 barrier put downside pressure on the pair. The 200hr SMA by 1.2710 and hourly trendline by 1.2670 now look like the next barriers to further weakness. USD/JPY was bid more than 30 pips despite the weakness in stocks as the yen safe haven myth continues to evaporate. The pair was sitting near the 98.50 pivot at the NY close and 99 looks like the next hurdle in the rally. USD/CAD surprisingly jumped about 95 pips to 1.2530/40 despite the pop in oil prices to near the $45/bbl level. Look for this correlation to resume once the murkiness around month-end subsides next week.
3 Tips To Keep Before Investing In The Stock Market
By Manny St Cyr
Some financial experts say that engaging into a more lucrative but challenging world like investments are not specially made for the faint hearted.
With the economy seemingly riding on a roller-coaster ride, investing with the right stock seems to be next to impossible. However, with the advent of information technology, people from all over the world go crazy over stock market investments. It is because the convenience of information technology had found its place in the world of investments and computing.
Investing in the stock market is still as hot today as it has ever been. Investors are still willing to dive in no matter what the market situation. So, for those who are thinking of getting into the game, here are a few tips to keep in focus:
Know that the stock market is a very risky business
A lot of people think that its an easy thing to buy stocks. And it could be. Truth is anybody who wishes is capable of doing so. But the problem is that only a few individuals know when to sell, which is said to be the heart of the stock market. One of the best advice I’d ever gotten was not to bet the house on it, meaning not to gamble everything you possess, especially if you have no in-depth knowledge or understanding of how it really works.
2. The “trailing stop strategy.”
Most experts incorporate this when getting stocks. What they usually do is to “ride” their stocks really high, and maintain an exit strategy in the event that things get out of hand. This is where the liquidity of their investment is extremely vital to one’s business. That is, they should know that whatever liquidity they have can be easily converted into cash.
3. Invest only in what you are comfortable with.
Even if particular investment opportunity, say, an exciting IPO of a big company, looks very attractive, it is a must for every investors not to invest on it if they are not prepared to risk losing their money on it. In this way, people will be able to get the best stock market investment by following this very important advice.
Finally, most stock experts recommend today that people who want to get the best stock market investment should use the every day costs in the stock market investment strategy. It would be better if investors would always carry a handy calculator with them.
The most important thing about stock market investment is not so much to pick the best but to avoid the losers.
For More Tips on Stock Market Investing Tips for you and your family. Visit The Financial & Insurance Tips Journal We can help guide you towards your insurance needs.
Some financial experts say that engaging into a more lucrative but challenging world like investments are not specially made for the faint hearted.
With the economy seemingly riding on a roller-coaster ride, investing with the right stock seems to be next to impossible. However, with the advent of information technology, people from all over the world go crazy over stock market investments. It is because the convenience of information technology had found its place in the world of investments and computing.
Investing in the stock market is still as hot today as it has ever been. Investors are still willing to dive in no matter what the market situation. So, for those who are thinking of getting into the game, here are a few tips to keep in focus:
Know that the stock market is a very risky business
A lot of people think that its an easy thing to buy stocks. And it could be. Truth is anybody who wishes is capable of doing so. But the problem is that only a few individuals know when to sell, which is said to be the heart of the stock market. One of the best advice I’d ever gotten was not to bet the house on it, meaning not to gamble everything you possess, especially if you have no in-depth knowledge or understanding of how it really works.
2. The “trailing stop strategy.”
Most experts incorporate this when getting stocks. What they usually do is to “ride” their stocks really high, and maintain an exit strategy in the event that things get out of hand. This is where the liquidity of their investment is extremely vital to one’s business. That is, they should know that whatever liquidity they have can be easily converted into cash.
3. Invest only in what you are comfortable with.
Even if particular investment opportunity, say, an exciting IPO of a big company, looks very attractive, it is a must for every investors not to invest on it if they are not prepared to risk losing their money on it. In this way, people will be able to get the best stock market investment by following this very important advice.
Finally, most stock experts recommend today that people who want to get the best stock market investment should use the every day costs in the stock market investment strategy. It would be better if investors would always carry a handy calculator with them.
The most important thing about stock market investment is not so much to pick the best but to avoid the losers.
For More Tips on Stock Market Investing Tips for you and your family. Visit The Financial & Insurance Tips Journal We can help guide you towards your insurance needs.
How to Learn the Skill of Forex Trading
By Mac X
You don’t have to go through ten or fifteen years or trying to learn this stuff. I am going to part with this and I have gone over five minutes. The reason why I believe and listen; this is after coaching traders for ten years, after talking to traders for ten years; I have personal trading mentors who have been in the business for twenty-five, thirty years; the number one reason why I believe it takes people sometimes years and years and years to learn a skill like trading is because number one; they don’t have a coach or mentor. That is the reason why I insisted on being able to have one on one contact with every one of my members. You need to have a mentor. You need to have a coach.
In most cases, these guys have a mentor for a very short amount of time and virtually in all of those cases, their mentor was not trained to be a mentor. I was groomed practically for this by the United States military. We were trained how to train. We were trained how to present information, how to get it across very quickly and how to make sure that you remember it. So that’s a big thing.
The other reason why is because the information was not presented in a format that was easy to understand and that truly is a visual and auditory combination. You have got to see it and you have got to hear it. Most people don’t learn exclusively by reading but that’s how most of us are taught. We are taught by reading or hearing it aloud. You have got to see it done. You have got to see the application of it before you can learn it. Finally, we have especially in our education system, an absolute crush to learn things very quickly. Think about it.
You go through school. You have a semester. You have a term. You have mid-terms. You have to learn everything in a very short amount of time so there’s a lot of pressure with that. So you have got to be able to let yourself relax. Go through discs one through five. Don’t take any notes. Take a break for one to two days. Come back to disc one through five and jot down the notes. Jot down the things that are clear. You are going to be shocked at how fast you are really learning these things. Then when you go back to the videos and you are on the member’s site and you are watching my four minute game plan, it is going to make sense to you.
You are not going to be confused and you are actually going to be able to go out there and implement things in your own demo account or if you get to the point where you are live trading, in your live trading account. This leads me to a disclaimer that the videos are not trading advice.
Mac X is recognized as a forex expert trainer, forex trader and author of three best-selling forex trading books and Home Study Courses including "How To Get Filthy Stinking Rich Trading The Forex" book and Home Study, "How To Trade The Harmonics of The Foreign Exchange Markets". Mac X has trained over 1,300 students in large forex seminars, one-on-one and small groups. Read Mac's Forex Blog for more Forex Trading information at TheInsiderCode.com.
You don’t have to go through ten or fifteen years or trying to learn this stuff. I am going to part with this and I have gone over five minutes. The reason why I believe and listen; this is after coaching traders for ten years, after talking to traders for ten years; I have personal trading mentors who have been in the business for twenty-five, thirty years; the number one reason why I believe it takes people sometimes years and years and years to learn a skill like trading is because number one; they don’t have a coach or mentor. That is the reason why I insisted on being able to have one on one contact with every one of my members. You need to have a mentor. You need to have a coach.
In most cases, these guys have a mentor for a very short amount of time and virtually in all of those cases, their mentor was not trained to be a mentor. I was groomed practically for this by the United States military. We were trained how to train. We were trained how to present information, how to get it across very quickly and how to make sure that you remember it. So that’s a big thing.
The other reason why is because the information was not presented in a format that was easy to understand and that truly is a visual and auditory combination. You have got to see it and you have got to hear it. Most people don’t learn exclusively by reading but that’s how most of us are taught. We are taught by reading or hearing it aloud. You have got to see it done. You have got to see the application of it before you can learn it. Finally, we have especially in our education system, an absolute crush to learn things very quickly. Think about it.
You go through school. You have a semester. You have a term. You have mid-terms. You have to learn everything in a very short amount of time so there’s a lot of pressure with that. So you have got to be able to let yourself relax. Go through discs one through five. Don’t take any notes. Take a break for one to two days. Come back to disc one through five and jot down the notes. Jot down the things that are clear. You are going to be shocked at how fast you are really learning these things. Then when you go back to the videos and you are on the member’s site and you are watching my four minute game plan, it is going to make sense to you.
You are not going to be confused and you are actually going to be able to go out there and implement things in your own demo account or if you get to the point where you are live trading, in your live trading account. This leads me to a disclaimer that the videos are not trading advice.
Mac X is recognized as a forex expert trainer, forex trader and author of three best-selling forex trading books and Home Study Courses including "How To Get Filthy Stinking Rich Trading The Forex" book and Home Study, "How To Trade The Harmonics of The Foreign Exchange Markets". Mac X has trained over 1,300 students in large forex seminars, one-on-one and small groups. Read Mac's Forex Blog for more Forex Trading information at TheInsiderCode.com.
The Best Hours To Trade Forex
By Don Saunders
Forex trading has become extremely popular with small investors and it is now an easy market to enter with relatively small investment capital. It is also the world's largest and most liquid financial market with trading operating around the clock.
The market offers the opportunity for many small investors to literally quit their day job and make a very comfortable living working from home over the Internet and has indeed made many small traders very rich indeed. However, like most things in life, it is not without its downside and trying to trade without knowing exactly what you are doing is a recipe for disaster.
One question which many novice traders ask is "when is the best time to trade?"
The forex market is a very volatile market and prices can move up and down very quickly and literally from minute to minute, so that every minute you are in the market is an important minute. Choosing just when to trade, as well as having a variety of safeguards in place for every trade, is thus an important consideration. Remember though that you can enter and exit the market as many times as you like during the course of a day and so we are not talking here simply about choosing your working day in the same way that you would choose your hours for a regular day job. You can, for example, enter the market by opening a trade at 10:00 am and exit the market by closing that trade at 10:10 am. You might then decide to stay out of the market for a while and start trading again at 1:25 pm by opening your next position.
There is no 'home' for the forex market and trading takes place across the globe, although there are a number of significant trading centers in each of the three main trading regions of Australasia, Europe and North America. For example, within Europe trading takes place in several cities including London, Frankfurt, Paris and Zurich.
In theory the market is not in fact open 24 hours a day and each trading center will have its own set operating hours. Trading for example starts in Sydney and is followed by trading in Tokyo, London and New York. Because of global time differences however you will find that there is a trading center somewhere in the world which is open at any time of the day or night, seven days a week, and since traders have access to all of these trading centers you can effectively trade around the clock.
As an example, the time is just coming up to eleven o'clock on a Friday morning in Thailand as I write this article, so where can I trade at the moment. Well, the markets in Europe and North America are currently closed, but I could trade if I wished to do so through Sydney or Tokyo. However, if I decide to spend the afternoon on the beach (which is entirely possible) and then to trade later in the day then the markets here in the Far East would be closed but I could trade first through London or Paris and later through New York.
Now this is all very well but the question is not really when can you trade, but when is the best time to trade?
Trading volume is high through the day simply because of the sheer size of the market but this volume will peak whenever the trading hours of two or more of the three main trading areas overlap. This in fact happens at two time periods between 2 am EST and 4 am EST when the Australasian and European markets are operating at the same time and between 8 am EST and 12 pm EST when the European markets and North American markets are both open at the same time.
So, unless your trading strategy involves specific currency pairs being traded in particular markets, the times above are those times when you will see the greatest number of possible trades and thus the times which many traders find to be the most profitable.
LearningForexTradingOnline.com is designed to assist beginners to learn online forex trading and includes a growing base of information including a large number of current forex articles
Forex trading has become extremely popular with small investors and it is now an easy market to enter with relatively small investment capital. It is also the world's largest and most liquid financial market with trading operating around the clock.
The market offers the opportunity for many small investors to literally quit their day job and make a very comfortable living working from home over the Internet and has indeed made many small traders very rich indeed. However, like most things in life, it is not without its downside and trying to trade without knowing exactly what you are doing is a recipe for disaster.
One question which many novice traders ask is "when is the best time to trade?"
The forex market is a very volatile market and prices can move up and down very quickly and literally from minute to minute, so that every minute you are in the market is an important minute. Choosing just when to trade, as well as having a variety of safeguards in place for every trade, is thus an important consideration. Remember though that you can enter and exit the market as many times as you like during the course of a day and so we are not talking here simply about choosing your working day in the same way that you would choose your hours for a regular day job. You can, for example, enter the market by opening a trade at 10:00 am and exit the market by closing that trade at 10:10 am. You might then decide to stay out of the market for a while and start trading again at 1:25 pm by opening your next position.
There is no 'home' for the forex market and trading takes place across the globe, although there are a number of significant trading centers in each of the three main trading regions of Australasia, Europe and North America. For example, within Europe trading takes place in several cities including London, Frankfurt, Paris and Zurich.
In theory the market is not in fact open 24 hours a day and each trading center will have its own set operating hours. Trading for example starts in Sydney and is followed by trading in Tokyo, London and New York. Because of global time differences however you will find that there is a trading center somewhere in the world which is open at any time of the day or night, seven days a week, and since traders have access to all of these trading centers you can effectively trade around the clock.
As an example, the time is just coming up to eleven o'clock on a Friday morning in Thailand as I write this article, so where can I trade at the moment. Well, the markets in Europe and North America are currently closed, but I could trade if I wished to do so through Sydney or Tokyo. However, if I decide to spend the afternoon on the beach (which is entirely possible) and then to trade later in the day then the markets here in the Far East would be closed but I could trade first through London or Paris and later through New York.
Now this is all very well but the question is not really when can you trade, but when is the best time to trade?
Trading volume is high through the day simply because of the sheer size of the market but this volume will peak whenever the trading hours of two or more of the three main trading areas overlap. This in fact happens at two time periods between 2 am EST and 4 am EST when the Australasian and European markets are operating at the same time and between 8 am EST and 12 pm EST when the European markets and North American markets are both open at the same time.
So, unless your trading strategy involves specific currency pairs being traded in particular markets, the times above are those times when you will see the greatest number of possible trades and thus the times which many traders find to be the most profitable.
LearningForexTradingOnline.com is designed to assist beginners to learn online forex trading and includes a growing base of information including a large number of current forex articles
5 Reasons For Entering The Exciting World Of Currency Trading
By Don Saunders
Currency trading offers a host of benefits for the small investor today and here we look at just five reasons for taking advantage of the lucrative world of Forex trading.
1. The 24 Hour Nature Of Trading.
The majority of the world’s trading markets operate out of fixed trading centers and to strictly limited hours, normally between Monday and Friday. However, because currency trading takes place around the world you have the ability to trade 24 hours a day 7 days a week.
This means that, since most private traders operate from their own homes, you can decide just when you want to trade, whether it is in the morning, afternoon, evening or even in the middle of the night. It also means that, whatever happens in the world, you have the ability to take advantage of events and their effect of particular currencies instantly and are not frustrated by having to wait for the market to open.
2. Very Low Trading Costs.
With many traditional markets, including the equity markets, trading costs can be high and brokerage fees in particular can quickly mount with commissions on even quite small trades being $20 or $30 and commission on larger traded running into hundreds of dollars. Trading costs are however very much lower in currency trading and the electronic nature of the market means that even the traditional bid/offer spread is much lower on currency trades than of other market trades.
3. High Leverage.
The Forex market is not the only market which allows you to trade on leverage but leverage in currency trading is typically far higher than that seen elsewhere. For example, professional equity traders will generally be permitted to leverage ten times their capital whereas even private currency traders are typically permitted to leverage one hundred times their capital. Of course you do have to be careful and one downside to the availability of high leverage trading is that it can lead not only to high profits, but also to high losses. Fortunately however the market tends to regulate risk management fairly tightly.
4. Limited Slippage.
Unlike many markets, currency trading offers the immediate execution of trading orders at real-time prices and, in almost all cases, this means that the price you see is the price you pay. For people who have experienced trading in other markets there is nothing more frustrating than executing a trade only to find that by the time the trade is settled prices have moved and you end up with less money than you expected.
5. The Ability To Profit From Rising And Falling Markets.
Equity traders know only too well the cycle of Bull and Bear markets which has a dramatic effect not only on profits, but also on the ability to actually trade. Fortunately, the structure of the currency trading market means Forex traders do not suffer from such problems. Because currency trading always involves a pair of currencies, if you are short on one currency then you are long on the other and so the possibility of profiting is always there regardless of whether the market is falling or rising.
LearningForexTradingOnline.com is the ideal place to learn Forex and provides information on a wide range of topics including simulated Forex trading
Currency trading offers a host of benefits for the small investor today and here we look at just five reasons for taking advantage of the lucrative world of Forex trading.
1. The 24 Hour Nature Of Trading.
The majority of the world’s trading markets operate out of fixed trading centers and to strictly limited hours, normally between Monday and Friday. However, because currency trading takes place around the world you have the ability to trade 24 hours a day 7 days a week.
This means that, since most private traders operate from their own homes, you can decide just when you want to trade, whether it is in the morning, afternoon, evening or even in the middle of the night. It also means that, whatever happens in the world, you have the ability to take advantage of events and their effect of particular currencies instantly and are not frustrated by having to wait for the market to open.
2. Very Low Trading Costs.
With many traditional markets, including the equity markets, trading costs can be high and brokerage fees in particular can quickly mount with commissions on even quite small trades being $20 or $30 and commission on larger traded running into hundreds of dollars. Trading costs are however very much lower in currency trading and the electronic nature of the market means that even the traditional bid/offer spread is much lower on currency trades than of other market trades.
3. High Leverage.
The Forex market is not the only market which allows you to trade on leverage but leverage in currency trading is typically far higher than that seen elsewhere. For example, professional equity traders will generally be permitted to leverage ten times their capital whereas even private currency traders are typically permitted to leverage one hundred times their capital. Of course you do have to be careful and one downside to the availability of high leverage trading is that it can lead not only to high profits, but also to high losses. Fortunately however the market tends to regulate risk management fairly tightly.
4. Limited Slippage.
Unlike many markets, currency trading offers the immediate execution of trading orders at real-time prices and, in almost all cases, this means that the price you see is the price you pay. For people who have experienced trading in other markets there is nothing more frustrating than executing a trade only to find that by the time the trade is settled prices have moved and you end up with less money than you expected.
5. The Ability To Profit From Rising And Falling Markets.
Equity traders know only too well the cycle of Bull and Bear markets which has a dramatic effect not only on profits, but also on the ability to actually trade. Fortunately, the structure of the currency trading market means Forex traders do not suffer from such problems. Because currency trading always involves a pair of currencies, if you are short on one currency then you are long on the other and so the possibility of profiting is always there regardless of whether the market is falling or rising.
LearningForexTradingOnline.com is the ideal place to learn Forex and provides information on a wide range of topics including simulated Forex trading
The Forex “Risk,” Make Some Big Coin? Or “LOSE” The Bank?
By Daren Varner
Over the last few decades, forex (foreign currency exchange) has witnessed the development of a global trading network. This network is anchored by the largest countries in the world and is quickly becoming one of the single most culprits behind extreme financial independence. But, at what price? Are there any real currency trading benefits for the novice?
There are a number of reasons why forex trading has gained growing popularity. Among some of the main points are; greater leverage, constant 24 hour liquidity and extremely low trading cost. A large position in the market can be acquired by a relatively small deposit. Again, this relates to leverage, and it is this dangling carrot that creates such hunger in the stomachs of novice investors. Unfortunately, most beginner investors continue to realize the illusiveness of this fleeting carrot.
A Little History
In the beginning, there was a barter system where people and even countries, to a large degree, exchanged goods with one another per individual need. It soon became apparent that this system would eventually become very limiting. Since necessity is the mother of invention, consequently, the metal coins arrived on the scene. During the Middle Ages, a thing called “politics,” close to its current form, was adopted. After its long journey through the political process, paper currency was born.
It soon became a realization that printing money at will with nothing to back or support it, could become a problem, and it was. This resulted in governmental and political instability and devastating inflation. As a result, the major central banks moved ahead to support their currencies with convertibility to gold. This move stabilized governmental instability just enough so that local and national economies would not crumble. However, the permanent answer to this problem was introduced by the U.S. in July 1944 by means of the Bretton Woods Agreement. As a result, this agreement led to a system of fixed exchange rates that reestablished the gold on which the dollar was based. All other currencies were fixed to the dollar. Throughout the ages, other countries also developed their own currency and thus became somewhat independent. This independency has allowed for these countries to settle forex rates as to their own perceived value. The difference in the rate between two currencies is what allows for the existence of the forex trade market.
Risky Business
Learning about the foundation of the market and how it is structured is fundamental for the forex trader. It is also critical to understand how currency pairs are structured and how to understand each currency as a tradable instrument. Understanding terminology such as “buying” and “selling” in relation to the actual charts. Understanding the terms “bid” and “ask”, “pip”, “lot” and “lot sizes” and various types of orders. Complex charts, lines, graphs and other analytical tools must be studied and mastered in order to reduce losses. It is this lack of understanding and knowledge that keeps the carrot just beyond the reach of many novices. It is the lack of self discipline and the rush to greed that cause over half of all newbie’s to lose their shirts.
PRESCRIPTIONIronically though, there is a prescription for this disease of LACK. Whether it is lack of motivation, energy, or knowledge, we all have suffered the disease and with growing economic concerns and increasing demands on our time, it is only human to look for shortcuts.
The onset of the age of technology has truly been remarkable. Automation technology applied to the stock market is not new, BUT, this ever evolving technology is now being used aggressively in the forex market where trading profits can literally dwarf regular stock returns. This relatively new approach to trading forex is facilitating droves of newbie traders pouring into the market on a daily basis as the knowledge required to execute a trade is extremely minimal.
New automated forex trading technology is said to be advantageous for the beginner trader as well as the seasoned traders. It seems to be taking on more recent popularity as these types of intelligent systems now have the ability to analyze the market in real-time and correct their predictions dynamically.
To read a more detailed report on forex automation technology, click on the link below.
I literally lost my shirt listening to so called professionals. I needed an automated forex for novice system (dummy).
Over the last few decades, forex (foreign currency exchange) has witnessed the development of a global trading network. This network is anchored by the largest countries in the world and is quickly becoming one of the single most culprits behind extreme financial independence. But, at what price? Are there any real currency trading benefits for the novice?
There are a number of reasons why forex trading has gained growing popularity. Among some of the main points are; greater leverage, constant 24 hour liquidity and extremely low trading cost. A large position in the market can be acquired by a relatively small deposit. Again, this relates to leverage, and it is this dangling carrot that creates such hunger in the stomachs of novice investors. Unfortunately, most beginner investors continue to realize the illusiveness of this fleeting carrot.
A Little History
In the beginning, there was a barter system where people and even countries, to a large degree, exchanged goods with one another per individual need. It soon became apparent that this system would eventually become very limiting. Since necessity is the mother of invention, consequently, the metal coins arrived on the scene. During the Middle Ages, a thing called “politics,” close to its current form, was adopted. After its long journey through the political process, paper currency was born.
It soon became a realization that printing money at will with nothing to back or support it, could become a problem, and it was. This resulted in governmental and political instability and devastating inflation. As a result, the major central banks moved ahead to support their currencies with convertibility to gold. This move stabilized governmental instability just enough so that local and national economies would not crumble. However, the permanent answer to this problem was introduced by the U.S. in July 1944 by means of the Bretton Woods Agreement. As a result, this agreement led to a system of fixed exchange rates that reestablished the gold on which the dollar was based. All other currencies were fixed to the dollar. Throughout the ages, other countries also developed their own currency and thus became somewhat independent. This independency has allowed for these countries to settle forex rates as to their own perceived value. The difference in the rate between two currencies is what allows for the existence of the forex trade market.
Risky Business
Learning about the foundation of the market and how it is structured is fundamental for the forex trader. It is also critical to understand how currency pairs are structured and how to understand each currency as a tradable instrument. Understanding terminology such as “buying” and “selling” in relation to the actual charts. Understanding the terms “bid” and “ask”, “pip”, “lot” and “lot sizes” and various types of orders. Complex charts, lines, graphs and other analytical tools must be studied and mastered in order to reduce losses. It is this lack of understanding and knowledge that keeps the carrot just beyond the reach of many novices. It is the lack of self discipline and the rush to greed that cause over half of all newbie’s to lose their shirts.
PRESCRIPTIONIronically though, there is a prescription for this disease of LACK. Whether it is lack of motivation, energy, or knowledge, we all have suffered the disease and with growing economic concerns and increasing demands on our time, it is only human to look for shortcuts.
The onset of the age of technology has truly been remarkable. Automation technology applied to the stock market is not new, BUT, this ever evolving technology is now being used aggressively in the forex market where trading profits can literally dwarf regular stock returns. This relatively new approach to trading forex is facilitating droves of newbie traders pouring into the market on a daily basis as the knowledge required to execute a trade is extremely minimal.
New automated forex trading technology is said to be advantageous for the beginner trader as well as the seasoned traders. It seems to be taking on more recent popularity as these types of intelligent systems now have the ability to analyze the market in real-time and correct their predictions dynamically.
To read a more detailed report on forex automation technology, click on the link below.
I literally lost my shirt listening to so called professionals. I needed an automated forex for novice system (dummy).
Forex Trading Software Is The Foundation Of Successful Trading
By Don Saunders
Improvements in forex trading software in recent years have made trading not simply a great deal easier but also a great deal more profitable, especially for the newcomer to the world of foreign exchange trading.
Today there are two different types of trading software in use - 'service-side' software and 'client-side' software.
Service-side software is operated by a broker and you use the software by navigating to the broker's website and logging in to your forex trading account. The great benefit of this type of trading software is that your broker is responsible for installing, maintaining and updating the software and you do not have to worry about any of the technical 'back-end' problems. On the other side of the coin however you are also restricted to using this software as it has been configured and do not have a great deal of flexibility in how you operate it.
Client-side software by contrast is installed on your own computer and you can mix and match different software package and configure them to work just as you like. You do however have to install them yourself, or have someone install them for you, and will also have to configure, maintain and update them.
For most novice traders service-side software is the obvious choice and you can move on to client-side software packages as your level of knowledge and experience permits. The most important thing however for any trader is to pick the software which provides you with the information you need and does so in a way which is easy for you to find your way around and trade quickly and efficiently.
Trading software must for example give you an overview of the market so that you can spot trends and opportunities as they arise in real time and then allow you to focus in and receive detailed information on particular currency pairs with constantly updating real-time prices, as well as historic price data. It also needs to allow you to follow the movements of several different currency pairs at the same time and to open and close trades at the click of a mouse.
Most important of all your software must provide you with the tools that you need to analyze the market and, nowadays, perhaps the most powerful of these is charting software. Almost all traders today rely heavily on technical analysis to predict future currency movements and the currency chart lies at the very heart of technical analysis.
One other very important consideration is that of security. Security is an important issue whenever money is concerned and this is especially true when you are working over the Internet. Any system which you use for trading must be operated in a secure encrypted environment and the system must be fully protected and continuously monitored.
Finding the best forex trading software system is not easy and will take you a bit of time. It is however the main tool of your trade and so do not simply accept the first system you come across and work with it, good or bad. Look around, seek advice and find a system which suits you and which helps you to make money, rather than frustrate you in your efforts.
LearningForexTradingOnline.com is designed to assist beginners to learn forex trading and includes a growing base of information on topics including forex charting
Improvements in forex trading software in recent years have made trading not simply a great deal easier but also a great deal more profitable, especially for the newcomer to the world of foreign exchange trading.
Today there are two different types of trading software in use - 'service-side' software and 'client-side' software.
Service-side software is operated by a broker and you use the software by navigating to the broker's website and logging in to your forex trading account. The great benefit of this type of trading software is that your broker is responsible for installing, maintaining and updating the software and you do not have to worry about any of the technical 'back-end' problems. On the other side of the coin however you are also restricted to using this software as it has been configured and do not have a great deal of flexibility in how you operate it.
Client-side software by contrast is installed on your own computer and you can mix and match different software package and configure them to work just as you like. You do however have to install them yourself, or have someone install them for you, and will also have to configure, maintain and update them.
For most novice traders service-side software is the obvious choice and you can move on to client-side software packages as your level of knowledge and experience permits. The most important thing however for any trader is to pick the software which provides you with the information you need and does so in a way which is easy for you to find your way around and trade quickly and efficiently.
Trading software must for example give you an overview of the market so that you can spot trends and opportunities as they arise in real time and then allow you to focus in and receive detailed information on particular currency pairs with constantly updating real-time prices, as well as historic price data. It also needs to allow you to follow the movements of several different currency pairs at the same time and to open and close trades at the click of a mouse.
Most important of all your software must provide you with the tools that you need to analyze the market and, nowadays, perhaps the most powerful of these is charting software. Almost all traders today rely heavily on technical analysis to predict future currency movements and the currency chart lies at the very heart of technical analysis.
One other very important consideration is that of security. Security is an important issue whenever money is concerned and this is especially true when you are working over the Internet. Any system which you use for trading must be operated in a secure encrypted environment and the system must be fully protected and continuously monitored.
Finding the best forex trading software system is not easy and will take you a bit of time. It is however the main tool of your trade and so do not simply accept the first system you come across and work with it, good or bad. Look around, seek advice and find a system which suits you and which helps you to make money, rather than frustrate you in your efforts.
LearningForexTradingOnline.com is designed to assist beginners to learn forex trading and includes a growing base of information on topics including forex charting
Your Guide to Successful Forex Trading
By forextrading
If you really want to learn forex trading the right way you need to be aware that 95% of traders lose - not because they because they don't try, its just they get the wrong Forex education and this results in a swift wipeout. Trading Mastermind is a community of Traders who are committed to sharing insights and experiences for the benefit of the entire community. Our trading principles Like Forex Trading Courses, online currency trading and Forex Training methods can be applied to any of the financial markets and some are focused on Futures, Commodities, Bonds, and other instruments.You have seen the potential for how much money can me made in Forex trading and you really want to make it work for yourself. But somehow it just doesn't seem to work as well as you expected even after taking several high priced forex training programs and courses. Well the reason that others are not able to show you how to trade successfully will become clear to you once you experience the insights and breakthroughs that this video training course reveals. Trading Mastermind is a community of Traders who are committed to sharing insights and experiences for the benefit of the entire community. Although many of the members of this community focus on the Forex Trading, the trading principles and methods used can be applied to any of the financial markets and some are focused on Futures, Commodities, Bonds, and other instruments.At Trading Mastermind we often get calls and e-mails asking if this really works, who we are, what our credentials are, whether Scott really trades etc. We will continue to provide more interviews with current students and documented results from those who wish to share their results. Please do not call to find out if this really works and ask for proof. If you are interested in our course we welcome you to purchase it. If you have listened to the interviews with students and you have any doubts, you are welcome to not purchase it. We do not claim to have any credentials, do not offer any proof to the skeptics, have no additional sales pitch, and there is no information available beyond what is on this web site.
If you really want to learn forex trading the right way you need to be aware that 95% of traders lose - not because they because they don't try, its just they get the wrong Forex education and this results in a swift wipeout. Trading Mastermind is a community of Traders who are committed to sharing insights and experiences for the benefit of the entire community. Our trading principles Like Forex Trading Courses, online currency trading and Forex Training methods can be applied to any of the financial markets and some are focused on Futures, Commodities, Bonds, and other instruments.You have seen the potential for how much money can me made in Forex trading and you really want to make it work for yourself. But somehow it just doesn't seem to work as well as you expected even after taking several high priced forex training programs and courses. Well the reason that others are not able to show you how to trade successfully will become clear to you once you experience the insights and breakthroughs that this video training course reveals. Trading Mastermind is a community of Traders who are committed to sharing insights and experiences for the benefit of the entire community. Although many of the members of this community focus on the Forex Trading, the trading principles and methods used can be applied to any of the financial markets and some are focused on Futures, Commodities, Bonds, and other instruments.At Trading Mastermind we often get calls and e-mails asking if this really works, who we are, what our credentials are, whether Scott really trades etc. We will continue to provide more interviews with current students and documented results from those who wish to share their results. Please do not call to find out if this really works and ask for proof. If you are interested in our course we welcome you to purchase it. If you have listened to the interviews with students and you have any doubts, you are welcome to not purchase it. We do not claim to have any credentials, do not offer any proof to the skeptics, have no additional sales pitch, and there is no information available beyond what is on this web site.
Borsa Italiana SpA
In the process of privatization that has affected the stock markets, January 2 1998 was born at Borsa Italiana SpA (or Italian Stock Exchange).
A partire da quel momento la funzione della Borsa Italiana spa รจ stato quello di gestire e organizzare il corretto funzionamento del mercato finanziario, garantendo tutti gli utenti che operano in borsa attraverso operazioni di online trading, sotto il profilo della trasparenza, dell’ordinato svolgimento delle negoziazioni e della tutela degli investitori . Starting from that moment on the role of Borsa Italiana SpA has been to manage and organize the proper functioning of the financial market, ensuring that all users operate on the stock market through online trading operations, in terms of transparency, the orderly conduct of negotiations and the protection of investors.
La regolamentazione dei mercati di strumenti finanziari รจ affidata alla Borsa Italiana spa che definisce anche i requisiti necessari per poter diventare broker online o meno e le condizioni che le societร devono rispettare per entrare o rimanere nel mercato borsistico . The regulation of markets is at the Borsa Italiana SpA, which also defines the requirements for becoming a broker online or not and the conditions that the companies must comply in order to enter or remain in the stock market.
La Borsa Italiana spa viene gestita attraverso la complessa attivitร di molti intermediari a livello nazionale ed internazionale attraverso il compimento di tutte le negoziazioni in tempo reale nel circuito telematico . The Borsa Italiana spa is managed through the complex activities of many brokers nationally and internationally through the fulfillment of all trades in real time in electronic circuit.
La Borsa Italiana spa inoltre svolge attivitร di organizzazione, produzione, commercializzazione e promozione al fine di favorire la competizione e lo sviluppo dei mercati da essa gestiti, al fine di rendere possibile nel tempo, per tutti gli operatori che vi operano all’interno, la possibilitร di procedere alle proprie negoziazioni alle migliori condizioni sotto il profilo della liquiditร , trasparenza e competitivitร . The Borsa Italiana spa also works as an independent organization, production, marketing and promotion in order to encourage competition and development of the markets operated by it, to give time for all operators who operate within the possibility of proceeding with its negotiations with the best conditions in terms of liquidity, transparency and competitiveness.
Nella Borsa Italiana spa le negoziazioni degli strumenti finanziari puรฒ avvenire esclusivamente attraverso l’attivitร di intermediari finanziari o di Sim autorizzate al fine di assicurare gli investitori relativamente alla sicurezza e alla trasparenza nelle negoziazioni. Borsa Italiana SpA in trading of financial instruments can only be done through the activity of financial intermediaries or Sim authorized to provide investors with respect to safety and transparency in negotiations.
Inoltre, la funzione di vigilanza viene svolta dalla CONSOB (Commissione nazionale per le societร e la borsa) a tutela di tutte le societร che emettono titoli e agli intermediari che procedono alle negoziazioni nel trading online . In addition, the supervisory function is performed by CONSOB (Commissione nazionale per le societร e la borsa) in the interests of all companies issuing securities and intermediaries engaged in trading to trading online.
A partire da quel momento la funzione della Borsa Italiana spa รจ stato quello di gestire e organizzare il corretto funzionamento del mercato finanziario, garantendo tutti gli utenti che operano in borsa attraverso operazioni di online trading, sotto il profilo della trasparenza, dell’ordinato svolgimento delle negoziazioni e della tutela degli investitori . Starting from that moment on the role of Borsa Italiana SpA has been to manage and organize the proper functioning of the financial market, ensuring that all users operate on the stock market through online trading operations, in terms of transparency, the orderly conduct of negotiations and the protection of investors.
La regolamentazione dei mercati di strumenti finanziari รจ affidata alla Borsa Italiana spa che definisce anche i requisiti necessari per poter diventare broker online o meno e le condizioni che le societร devono rispettare per entrare o rimanere nel mercato borsistico . The regulation of markets is at the Borsa Italiana SpA, which also defines the requirements for becoming a broker online or not and the conditions that the companies must comply in order to enter or remain in the stock market.
La Borsa Italiana spa viene gestita attraverso la complessa attivitร di molti intermediari a livello nazionale ed internazionale attraverso il compimento di tutte le negoziazioni in tempo reale nel circuito telematico . The Borsa Italiana spa is managed through the complex activities of many brokers nationally and internationally through the fulfillment of all trades in real time in electronic circuit.
La Borsa Italiana spa inoltre svolge attivitร di organizzazione, produzione, commercializzazione e promozione al fine di favorire la competizione e lo sviluppo dei mercati da essa gestiti, al fine di rendere possibile nel tempo, per tutti gli operatori che vi operano all’interno, la possibilitร di procedere alle proprie negoziazioni alle migliori condizioni sotto il profilo della liquiditร , trasparenza e competitivitร . The Borsa Italiana spa also works as an independent organization, production, marketing and promotion in order to encourage competition and development of the markets operated by it, to give time for all operators who operate within the possibility of proceeding with its negotiations with the best conditions in terms of liquidity, transparency and competitiveness.
Nella Borsa Italiana spa le negoziazioni degli strumenti finanziari puรฒ avvenire esclusivamente attraverso l’attivitร di intermediari finanziari o di Sim autorizzate al fine di assicurare gli investitori relativamente alla sicurezza e alla trasparenza nelle negoziazioni. Borsa Italiana SpA in trading of financial instruments can only be done through the activity of financial intermediaries or Sim authorized to provide investors with respect to safety and transparency in negotiations.
Inoltre, la funzione di vigilanza viene svolta dalla CONSOB (Commissione nazionale per le societร e la borsa) a tutela di tutte le societร che emettono titoli e agli intermediari che procedono alle negoziazioni nel trading online . In addition, the supervisory function is performed by CONSOB (Commissione nazionale per le societร e la borsa) in the interests of all companies issuing securities and intermediaries engaged in trading to trading online.
Mutual funds
The mutual funds (English mutual funds) are financial intermediaries that serve the purpose of collecting the money that savers are willing to invest. Tali fondi sono gestiti da tali intermediari perchรฉ questi ultimi conoscono i meccanismi di funzionamento del mercato. These funds are managed by these entities because they know the mechanisms of the market.
In altri parole la funzione dei fondi comuni di investimento รจ di liberare i risparmiatori dalla scelta delle forme di impiego dei loro capitali . In other words, the function of mutual funds is to free the savers the choice of forms of employment for their capital. Per cui i risparmiatori affidano i risparmi che vogliono investire a tali intermediari, e questi creano un fondo comune , costituito da tutti i risparmi che sono affluiti verso di loro, e lo gestiscono investendo nell’acquisto di azioni, obbligazioni, titoli di Stato , affinchรฉ coloro che hanno deciso di investire i loro risparmi nel fondo possano tranne un guadagno. So savers who entrust their savings to invest in those entities, and they create a common fund, made up of all the savings that came toward them, and run by investing in the purchase of shares, debentures and bonds, so those who have decided to invest their savings in the fund can gain an exception.
Lo scopo dei mutual funds online o meno รจ dunque quello di limitare i rischi derivanti dalla caduta delle quotazioni di alcuni titoli ; inoltre, se le azioni di una societร fruttano bassi dividendi, il fondo puรฒ compensarlo avendo in portafoglio azioni di altre societร che assicurano dividendi e capitalizzazioni maggiori. The purpose of mutual funds online or not is to limit the risks arising from the fall in prices of certain securities and, if the actions of a low dividend yield, the fund may have to compensate the portfolio shares of other companies that provide dividends capitalization and more.
Nei fondi comuni di investimento perรฒ il risparmiatore non รจ titolare dei titoli acquistati, cioรจ egli non รจ azionista della societร le cui azioni sono state acquistate dal fondo, egli affida solo in gestione i propri risparmi al fondo comune di investimento. In mutual funds, however, the saver is not the holder of the securities purchased, that he is not a shareholder of the company whose shares were purchased by the fund, he relies only on managing their savings to mutual fund. Il risparmiatore sarร solo titolare di un certificato detto “parte” che attesta la quantitร del risparmio affidato al fondo comune di investimento. The saver will only holder of a certificate called "party" certifying the amount of savings entrusted to the common funds.
Quando poi egli decide di uscire dal fondo gli verrร restituito il capitale investito piรน tutti i guadagni che intanto il fondo ha realizzato per il periodo in cui รจ stato risparmiatore del fondo. When he decides to leave the fund will be returned to the capital invested plus all the gains that the fund has meanwhile made while he was saving fund.
L’entitร del guadagno dipenderร naturalmente dalla bravura dell’intermediario che gestisce il fondo, per cui quanto piรน il fondo รจ stato ben gestito maggiori saranno i guadagni. The amount of gain from the course will depend on skill of an intermediary who manages the fund, so the more the fund was well-managed higher earnings. Ma il guadagno dipende inoltre dalle esigenze del risparmiatore e quindi se รจ disposto a rischiare o no. But the gain also depends on the needs of savers and thus whether it is willing to risk or not.
Investment strategy
The investment of monetary resources available for its own account or on behalf of third parties in the financial market is one that not everyone can put in place.
Il mercato finanziario, nel quale si fa online trading , รจ molto ampio ed in esso si puรฒ procedere all’acquisto o alla cessione di una pluralitร di prodotti e in breve tempo si puรฒ vincere tanto ma dopo poco perdere tutto e viceversa. The financial market in which trading is done online, is very broad and it can proceed to the purchase or sale of several products and in a short time you can win but after a little time to lose, and vice versa.
Pertanto per poter operare in modo proficuo รจ sempre buona regola per ogni trader essere costantemente aggiornato , al fine di utilizzare la migliora strategia d’investimento relativamente alla differente natura del prodotto oggetto di negoziazione. Therefore in order to operate profitably is always a good rule for every trader to be constantly updated in order to use the better investment strategy in relation to the different nature of the product under negotiation.
Sostanzialmente nel trading online possiamo distinguere due grandi strategie di investimento: i “ fondamentalisti ” ed gli “ analisti tecnici ”. Basically, trading online can distinguish two main investment strategies: the "fundamentalists" and the "technical analysts".
I primi sono operatori che si servono dell'analisi fondamentale al fine di scegliere il tipo di prodotto finanziario piรน redditizio o maggiormente sicuro attraverso lo studio dei bilanci delle societร e valutando l’opportunitร di effettuare in futuro altri investimenti. The former are traders who use fundamental analysis to choose the type of financial product more profitable or more secure through the study of companies' financial statements and evaluating the opportunities to make other investments in the future.
Gli “ analisti tecnici” conosciuti anche come “chartisti ” invece fanno riferimento alle variazioni intervenute nel valore dei titoli e provano a prevedere la futura evoluzione di questi titoli. The "technical analysts" also known as "chartisti" instead referring to changes in the value of the licenses and trying to predict the future evolution of these securities.
Futures
Among the products that can be traded through online trading operations, there are futures.
Il future (o financial futures) รจ il contratto in funzione del quale una parte acquista o vende un dato bene economico ad una data futura ben definita ed a un dato prezzo. The future (or financial futures) is the function of contract in which one party buys or sells a good, up to a well-defined future date and at a specific price.
Il principale vantaggio connesso con i futures รจ quello di consentire, a coloro che decidono di investire in tali tipi di contratto, di assicurarsi contro il rischio indotto da variazioni dei tassi d’interesse o contrastare il rischio associato a variazioni dell’indice di borsa. The main advantage associated with futures is to allow those who decide to invest in these types of contract to insure against the risk caused by changes in interest rates or offset the risk associated with changes in the stock market.
Oggetto del contratto di future puรฒ essere sia un bene materiale che finanziario ; in ogni caso sono soggetti ad una normativa molto dettagliata stipulata al momento della stipula del contratto. Purpose of the future can be both tangible and financial, in any case are subject to very detailed rules agreed at the time of conclusion of contract. Un esempio di futures รจ il FIB 30 , primo future sull’indice della Borsa italiana, cosรฌ chiamato perchรฉ il valore sottostante scelto รจ l’indice MIB di 30 titoli . An example of futures is the FIB 30, the index of future first Italian Stock Exchange, so named because the underlying value chosen is the MIB index of 30 securities.
I principali futures che vengono contrattati attraverso il trading online sono: The main futures that are contracted through the online trading are:
1. stock index futures 1st stock index futures
2. interest rate futures 2nd interest rate futures
3. currency futures 3rd currency futures
I contratti futures sono stipulati e scambiati in borsa: negli Stati Uniti per dar vita ad un nuovo contratto futures รจ richiesta l'approvazione di un’agenzia governativa la Commodity Futures Trading , in Italia invece non รจ richiesta una particolare procedura di approvazione dei futures da parte dei soggetti preposti al controllo. The futures contracts are signed and traded on the stock market: the United States to create a new futures contract requires the approval of a governmental agency, the Commodity Futures Trading, Italy does not require a special approval process by the futures parties responsible for the checks.
La gestione dei futures online o meno viene affidata a broker online, detti clearing house che oltre ad archiviare le pratiche relative a tali contrattazioni offrono anche altri servizi connessi con il trading online. The management of futures online or not is carried out online broker, said that besides clearing house to store the practices relating to those dealings also offer other services related to online trading.
State bonds
In the financial system, the state is one of the main actors who are acting as the borrower of funds. Le cause per le quali lo Stato si indebita sul mercato dei capitali sono connesse essenzialmente al finanziamento dei piani di investimento a medio e lungo termine per la realizzazione di infrastrutture e ad altre opere tese a promuovere lo sviluppo economico e sociale del Paese. The causes for which the State is unjustified in the capital markets are essentially related to the financing of investment plans in the medium and long term for the provision of infrastructure and other works to promote economic and social development of the country.
In base alla scadenza ed alla finalitร per cui i titoli sono emessi i titoli del debito pubblico si distinguono in : According to the time and the purposes for which securities are issued public debt securities are divided into:
a) titoli del debito fluttuante : sono destinati a fronteggiare temporanei squilibri di tesoreria. a) floating debt securities are intended to meet temporary cash flow imbalances.
b) titoli del debito redimibile: costituiti dai titoli a medio e lungo termine. b) redeemable securities: securities made up of medium and long term. A fronte della loro emissione, lo Stato si impegna a pagare gli interessi ad un tasso fisso o variabile ea rimborsare il capitale ad una determinata scadenza. In view of their issuance, the State undertakes to pay interest at a fixed or variable rate and to repay the capital at a given time.
c) i titoli del debito irredimibile (o consolidato): sono rappresentati dai titoli per i quali lo Stato non fissa una data per la restituzione del capitale, ma si impegna a pagare gli interessi periodici. c) the duration of the debt securities (or consolidated) are represented by the securities for which the State does not set a date for the return of capital, but undertakes to pay interest periodically.
I principali titoli di Stato sono: BOT, BTP e CCT . The main titles of State are: BOT, BTP and CCT.
1) I Buoni Ordinari del Tesoro (BOT) , sono titoli a breve scadenza da 3 fino ad un massimo di 12 mesi. 1) The Good Ordinari Treasury (BOT), are short-term securities from 3 up to a maximum of 12 months. Il rendimento di tali titoli รจ costituito dalla differenza tra il valore di rimborso ed il valore di emissione. The yield of these securities is the difference between the redemption value and the value of issue.
2) I Buoni del Tesoro Poliennali (BTP) , sono titoli a tasso fisso la cui durata assume un andamento variabile a causa delle previsioni relative all’andamento dei tassi di interesse ed al tasso di inflazione. 2) The multiannual Buoni del Tesoro (BTP) have fixed-rate securities whose life takes on a trend variable as a result of forecasts on changes in interest rates and inflation. Nel tempo, infatti, si sono avuti BTP con scadenza a due, tre, quattro anni, fino ad arrivare ai BTP novennali e, in qualche periodo, anche ai BTP trentennali. Over time, in fact, there have been BTP maturing in two, three, four years, until you get to nine BTP and, in some period, even to thirty BTP.
3) I CCT sono titoli con scadenza compresa tra i due ei dieci anni . 3) The CCT are securities with a maturity of between two and ten years. Essi hanno un godimento semestrale o annuale, a seconda delle emissioni. They use a semiannual or annual basis, depending on emissions. Sono detti anche titoli indicizzati perchรฉ la loro cedola, successivamente alla prima, รจ variabile. Are known as index-linked securities because their coupon after the first, is variable.
Sample MQ4 Code
Here is a bit of code that demonstrates what I've been blogging about. It's a simple way to manage pending position requests. The idea is that a signal his been raised but that this code will let you wait for an improvement in the price before actually opening a position.
You'd use code like the following in the start function to see whether or not to add a pending position and whether or not to open a position based on a prior pending position.
Notice that this design allows you to simply comment out all the pending code and open positions directly from your original signal. This makes it easy to integrate into your own code in case you want to try this in your own testing platform and see how affects your existing EA.
- // *******************************************************************
- // Name: AMS_PEND.MQ4
- // Date: 01-Mar-2009
- // Prog: Rookie
- //
- // Desc: A pending position queue manager. Pending positions can be
- // held until a period of time or some favorable conditions.
- // *******************************************************************
- #property copyright "Copyright © 2009, Rookie"
- #property link "http://trying-forex.blogspot.com/"
- static double pendlask[4096]; // Ask price for a pending long
- static int pendltime[4096]; // Time used to calculate pending time
- static int pendlqty = 0; // How many items in pendlask queue
- static double pendsbid[4096]; // Bid price for a pending short
- static int pendstime[4096]; // Time used to calculate pending time
- static int pendsqty = 0; // How many items in pendsbid queue
- // ****************************************************************************
- // Add a pending position entry to the long list
- // ****************************************************************************
- void addpendl(double ask)
- {
- static double last = 0;
- if ( Time[0] > last )
- {
- pendltime[pendlqty] = Time[0];
- pendlask[pendlqty] = Ask;
- pendlqty++;
- }
- last = Time[0];
- }
- // ****************************************************************************
- // Add a pending position entry to the short list
- // ****************************************************************************
- void addpends(double bid)
- {
- static double last = 0;
- if ( Time[0] > last )
- {
- pendstime[pendsqty] = Time[0];
- pendsbid[pendsqty] = Bid;
- pendsqty++;
- }
- last = Time[0];
- }
- // ****************************************************************************
- // A simple way to determining if a pending long position should be
- // activated.
- // ****************************************************************************
- int dopendl_simple()
- {
- int i;
- static int this=0;
- // Dead simple "drop" style pending manager
- // ----------------------------------------
- for (i=0; i
- {
- if ( pendltime[i]>0 )
- {
- if ( pendlask[i] > Ask )
- Print("Pending L #",i," ask was ",pendlask[i]," at ",pendltime[i]," now ",Ask);
- // Terminate items that don't fire
- // -------------------------------
- if ( Time[0] - pendltime[i] > 3000 )
- {
- Print("Pending L #",i," from ",pendltime[i]," cleared due to time ",Time[0]);
- pendltime[i]=0;
- continue;
- }
- // Fire first pending item more than N points down
- // -----------------------------------------------
- if ( pendlask[i] - Ask > 5.0*Point )
- {
- if ( Bid <>
- {
- Print("Pending L #",i," firing");
- pendltime[i] = 0;
- pendlask[i] = 0.0;
- return(1);
- }
- }
- }
- }
- return(0);
- }
- // ****************************************************************************
- // A simple way to determining if a pending short position should be
- // activated.
- // ****************************************************************************
- int dopends_simple()
- {
- int i;
- static int this=0;
- // Dead simple "drop" style pending manager
- // ----------------------------------------
- for (i=0; i
- {
- if ( pendstime[i]>0 )
- {
- if ( pendsbid[i] <>
- Print("Pending S #",i," bid was ",pendsbid[i]," at ",pendstime[i]," now ",Bid);
- // Terminate items that don't fire
- // -------------------------------
- if ( Time[0] - pendstime[i] > 3000 )
- {
- Print("Pending S #",i," from ",pendstime[i]," cleared due to time ",Time[0]);
- pendstime[i]=0;
- continue;
- }
- // Fire first pending item more than N points up
- // ---------------------------------------------
- if ( Bid - pendsbid[i] > 5.0*Point )
- {
- if ( Bid > iMA(this,this,5,0,MODE_SMA,PRICE_TYPICAL,0) )
- {
- Print("Pending S #",i," firing");
- pendstime[i] = 0;
- pendsbid[i] = 0.0;
- return(1);
- }
- }
- }
- }
- return(0);
- }
- // ****************************************************************************
- // Algorithm selection point for long position pend processing
- // ****************************************************************************
- int dopendl()
- {
- return(dopendl_simple());
- }
- // ****************************************************************************
- // Algorithm selection point for short position pend processing
- // ****************************************************************************
- int dopends()
- {
- return(dopends_simple());
- }
You'd use code like the following in the start function to see whether or not to add a pending position and whether or not to open a position based on a prior pending position.
- int openl;
- // See if you have an "open long" signal. If so, add it to the
- // queue.
- // ------------------------------------------------------------
- openl = ...;
- if ( openl>0 )
- {
- addpendl(Ask);
- Print("Pending LONG at ask ",Ask);
- }
- // Now, see if the queue manager suggests it's time to open a
- // long position from within the queue.
- // ----------------------------------------------------------
- openl = dopendl();
- // Open a position here if necessary
- // ---------------------------------
- if ( openl > 0 )
- {
- ...
- }
Notice that this design allows you to simply comment out all the pending code and open positions directly from your original signal. This makes it easy to integrate into your own code in case you want to try this in your own testing platform and see how affects your existing EA.
Expert Adviser Weekend
Finally, the weekend is almost here. I've been stealing a few moments here and there during the week but it's not that productive.
Basically, I've limited myself to testing various "opening" strategies. What I've found is that I can increase earnings across the test set -- but generally at the expense of a bigger draw down. I'd like to come up with a system that tests out a tripling of the original account value while only drawing down 10% or less.
If I can create something like that I'll give it a live run.
Interestingly, even when I create something with a massive drawdown and a huge return over a short period, it's still incredibly inefficient. Using the visual testing tool you can always spot opportunities to enter and exit the market profitably that the system completely ignored.
What I expect, once I get that far along, is that I'll open positions under varying conditions. For example, one reason that the trades mentioned above are not done is that the underlying market conditions are deemed risky by my EA. There is nothing wrong with risk it just means you need to manage potential losses better.
So, entering during a less risky period would mean that the position can be given more leeway and presumably be more likely to generate a profit. Entering during a more risky period would entail letting go of more positions at a loss while maintaining a net positive return expectation on those trades.
Lastly, a quick tip. If you minimize the visual display window the tester will run a lot quicker. However, you can then open the window after the run has completed and look at how things progressed. You can have your record and eat it!
Oh, I almost forgot... if you are using the iHighest(...) function, be sure to use the iHigh[iHighest(...)] value instead of the High[iHighest(...)] value. If you don't you'll be scratching your head wondering why you aren't getting values from previous bars. What a pain in the ass that was.
Basically, I've limited myself to testing various "opening" strategies. What I've found is that I can increase earnings across the test set -- but generally at the expense of a bigger draw down. I'd like to come up with a system that tests out a tripling of the original account value while only drawing down 10% or less.
If I can create something like that I'll give it a live run.
Interestingly, even when I create something with a massive drawdown and a huge return over a short period, it's still incredibly inefficient. Using the visual testing tool you can always spot opportunities to enter and exit the market profitably that the system completely ignored.
What I expect, once I get that far along, is that I'll open positions under varying conditions. For example, one reason that the trades mentioned above are not done is that the underlying market conditions are deemed risky by my EA. There is nothing wrong with risk it just means you need to manage potential losses better.
So, entering during a less risky period would mean that the position can be given more leeway and presumably be more likely to generate a profit. Entering during a more risky period would entail letting go of more positions at a loss while maintaining a net positive return expectation on those trades.
Lastly, a quick tip. If you minimize the visual display window the tester will run a lot quicker. However, you can then open the window after the run has completed and look at how things progressed. You can have your record and eat it!
Oh, I almost forgot... if you are using the iHighest(...) function, be sure to use the iHigh[iHighest(...)] value instead of the High[iHighest(...)] value. If you don't you'll be scratching your head wondering why you aren't getting values from previous bars. What a pain in the ass that was.
EA Development by Component
Okay, I've got a few EA components under my belt now.
First, I've made myself a trivial system to determine potential entry points. Basically, this system raises a signal when the price is above or below a moving average for some period of time and then crosses over. Remember, I'm only concerned about making an easy to manage framework at this point.
Second, signals raised above are tossed into a queue pending execution. A simple queue manager currently checks whether or not the price has moved lower or higher, as appropriate, and raises what should be considered a true signal if so.
While this seems trivial, I can assure you that it isn't.
Third, I have a position closing module with the job of letting my winners run. While counter-trend trades don't generally run well it can be extremely valuable to let a position accrue for a significant trend lasting one or more days.
This weekend I'll probably try to improve my code, test various strategies in each component, and come up with something that works. Again, I have to stress that if I do find something that works, I won't be telling you about it or selling it to you. I'll be bragging about it and keeping it to myself!
First, I've made myself a trivial system to determine potential entry points. Basically, this system raises a signal when the price is above or below a moving average for some period of time and then crosses over. Remember, I'm only concerned about making an easy to manage framework at this point.
Second, signals raised above are tossed into a queue pending execution. A simple queue manager currently checks whether or not the price has moved lower or higher, as appropriate, and raises what should be considered a true signal if so.
While this seems trivial, I can assure you that it isn't.
Third, I have a position closing module with the job of letting my winners run. While counter-trend trades don't generally run well it can be extremely valuable to let a position accrue for a significant trend lasting one or more days.
This weekend I'll probably try to improve my code, test various strategies in each component, and come up with something that works. Again, I have to stress that if I do find something that works, I won't be telling you about it or selling it to you. I'll be bragging about it and keeping it to myself!
EA Development
I was able to put some serious effort into developing an expert adviser over the weekend. At this stage I believe I can build something that will be both relatively safe and profitable.
This is not an easy task!
Anyway, I do want to assure you that I have no intention of ever selling an EA. If it works I'll use it for myself. If it doesn't work, then I'd have nothing worth selling in any case. Something I might consider, if I can't build a good one for myself, is selling the EA framework that I'm developing.
What do I mean by framework?
I mean that creating a good trading system involves managing a lot of complexity. I intend to create a framework that will let different EA components perform small sub-tasks as part of a larger whole. This framework would make it easier for any programmer to plug in their own components.
For example, I expect that my trading robot framework will include the following independent components:
1) entry point requester
2) pending entry point executor
3) open position analyzer
4) position closer
Entry Point Requester
When I use the visual testing tool provided by MT4 I inevitably notice that my entry points are not optimal. However, it is very difficult to manage an intended entry over time as other entry signals may be generated. The entry point requester will queue up entry signals for further analysis.
Pending Entry Point Executor
Knowing that an entry point signal has arrived, the executor will loop through the pending requests and see whether or not they should be executed. Think about it. Imagine if you forced all entries to be one or two pips better than they are using your current trading tool?
Open Position Analyzer
Okay, now that you have an open position what should you do with it? I find that putting in hard stops and profit points to be less than optimal. For example, if you are in a long term profitable trend it may be advantageous to allow more profit to accumulate.
Position Closer
This portion is relatively simple. If a position is marked as needing to be closed, then it will be closed. Using a system such as this can allow your longer term trades to execute where they need to execute without being concerned about the order entry limitations of your provider.
Good Trading!
This is not an easy task!
Anyway, I do want to assure you that I have no intention of ever selling an EA. If it works I'll use it for myself. If it doesn't work, then I'd have nothing worth selling in any case. Something I might consider, if I can't build a good one for myself, is selling the EA framework that I'm developing.
What do I mean by framework?
I mean that creating a good trading system involves managing a lot of complexity. I intend to create a framework that will let different EA components perform small sub-tasks as part of a larger whole. This framework would make it easier for any programmer to plug in their own components.
For example, I expect that my trading robot framework will include the following independent components:
1) entry point requester
2) pending entry point executor
3) open position analyzer
4) position closer
Entry Point Requester
When I use the visual testing tool provided by MT4 I inevitably notice that my entry points are not optimal. However, it is very difficult to manage an intended entry over time as other entry signals may be generated. The entry point requester will queue up entry signals for further analysis.
Pending Entry Point Executor
Knowing that an entry point signal has arrived, the executor will loop through the pending requests and see whether or not they should be executed. Think about it. Imagine if you forced all entries to be one or two pips better than they are using your current trading tool?
Open Position Analyzer
Okay, now that you have an open position what should you do with it? I find that putting in hard stops and profit points to be less than optimal. For example, if you are in a long term profitable trend it may be advantageous to allow more profit to accumulate.
Position Closer
This portion is relatively simple. If a position is marked as needing to be closed, then it will be closed. Using a system such as this can allow your longer term trades to execute where they need to execute without being concerned about the order entry limitations of your provider.
Good Trading!
Bold 2009 Prediction for You
Here's my bold prediction for you in 2009!
You will break your trading resolutions by the end of February.
True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?
Today is January 15, 2009 and February is just around the corner.
Let this be your wake-up call!
Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!
Happy "Disciplined" Trading!!
You will break your trading resolutions by the end of February.
- You will abandon your trading plan
- You will fall into the same destructive trading patterns you resolved to change
- Your account will earn the same or less than in 2008
True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?
Today is January 15, 2009 and February is just around the corner.
Let this be your wake-up call!
Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!
Happy "Disciplined" Trading!!
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