Hi Traders
How are you Today...
The Japanese Yen (JPY) The Dollar gained against the Yen on the back of a rise in US stocks and general Dollar strength, although it did give back some of its gains into the US close...
USD/JPY-The pair is showing bearish momentum on the hourly level after a drop to the 103.70 level. The 4 hour chart and the dailies are giving mixed signal with no distinct market direction. Forex traders are advised to wait for clearer signs on the dailies before entering the market.
In 48 hours from now, forex will never be the
same again.
P.s. Have a nice trading week...
Forex.DelijaWorld.com
Showing posts with label Forex Trading Machine. Show all posts
Showing posts with label Forex Trading Machine. Show all posts
Tuesday, May 20, 2008
Tuesday, May 13, 2008
Specific Forex news...
Hi Traders
Would you like to learn how to trade the forex market with three 100% mechanical systems never published before to the public?
Well, let me introduce Forex Trading Machine. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers...click here for details
Specific news announcements
Currency rates are affected by rumors, news, economic indicators and government reports.
As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus.
The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report.
For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons)....
Regards
Forex.DelijaWorld.com
Would you like to learn how to trade the forex market with three 100% mechanical systems never published before to the public?
Well, let me introduce Forex Trading Machine. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers...click here for details
Specific news announcements
Currency rates are affected by rumors, news, economic indicators and government reports.
As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus.
The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report.
For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons)....
Regards
Forex.DelijaWorld.com
Subscribe to:
Posts (Atom)
