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| FX trading Dealer Members |
| 2008-07-09 10:17:00 |
The individuals literally make the Forex market. Without individuals literally there would be no trading opportunity for the retail investor. They extend the credit, handle clearing, back officer operations, and provide an orderly market for investor. A FX trading dealer combines the roles of a market maker and specialist in the equity market. The primary role of the market maker is to provide liquidity through tradeable prices to the market. The specialist’s role is to intervene in the market when temporary price disparity occurs. Forex market makers provide liquidity and maintain an orderly market. When a retail trader sees a quote on his screen, it is coming directly from the Forex dealer member, and that person functions as the counterparty. ...
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| Forex Regulators, Forex terminology |
| 2008-07-08 19:09:00 |
No overarching global agency is responsible for regulating the activity of FX markets. Regulation is left up to each country. Some countries take a hands-off approach to regulations. Others, like the USA and UK, have jumped in with both feet. SFBC SFBC is The Swiss Federal Banking Commission.. IDAC IDAC is The Investment Dealers Association of Canada. SFC SFC is The Securities and Futures Commission. FSA FSA is The Financial Service Authority. ASIC ASIC This is the Australian Securities and Investment Commission. CFTC and NFA In USA, the Federal Reserve Bank monitors the banking system. CFTC (The Commodity Futures Trading Commission) has jurisdiction over futures and, recently, the FX markets. The government agency CFTC monitors NFA (the National Futures A...
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| Tools of forex trading, your personal computer |
| 2008-07-08 17:23:00 |
The forex trading tools such as a trading account and charts, but your owner computer is an important tool in your trade. You need a quick computer in your forex scalping, but the lame computer with slow Internet speed can't walk As a Forex trader you need your charts to display the date price, and you need your brokerage software to execute a trade promptly. Even with the best computer and fast Internet connection you will still have some lag time (not to mention how long it takes for you to move your mouse and click to begin a trade day). Often as a scalper you’ll experience missing out on a few pips (of lost profit) because of slight ineff...
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| Global Forex Trading(GFT) |
| 2008-04-17 21:27:00 |
Global Forex Trading (GFT) was founded in 1997, GFT give us the real time currencies dealing, currency pricing and the comprehensive services for retail and institutional forex traders. GFT present services to global customer by its Deal Book 360 trading software, that was named Best Foreign Exchange Software in the prestigious of Trader Monthly Awards of year 2006. GFT work 24 hours of forex trading operation that with its world headquarters in Mich, Ada and the global offices in the towns Chicago, New York, Sydney, Tokyo, London and Australia. (GFT) Global Forex Trading, Division of Forex Ltd and Global Futures. Global Forex Trading is part of a group of privately held companie...
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| Easy Forex |
| 2008-04-17 21:24:00 |
Across the idea of bringing currency exchange trading platform allow any client to trade forex as a consumer and its one of the most platform which enabled traders to start trading soon and easy. Now this platform cover more than to the general consumer The easy forex trading platform was founded. The online Forex trading system of easy 149 countries in all the world.Easy forex has 9 main offices locations around the planet. It was licensed in USA, EU and Australia. For more info you can visit http://www.easy-forex.com/ On November 27-28, 2007 2nd Middle East forex trading expo was held in Abu Dhabi:United Arab Emirates. Easy Forex announce its participation in that former 2nd. Easy forex invited the participants to come to booth 14,17 for a chance to...
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| Where to Set the Stop Loss |
| 2008-01-22 10:48:00 |
When you open a demo account you will find on the online trading platform that you will always be able to enter a stop order level that will automatically stop out your trade at the level you set, or a limit order that will close your position at your desired profit level. Using the FPS means that you should always set your level just below the EMA 50. As your position moves in the right direction, you should move your stop accordingly. Then if your position moves against you, you would have locked in your profits by moving up your stop order. It is important that if the prices cross back over the 10, 25 and 50 that you close your position. Here is an example of how the FPS works on the 15 min charts: Using the FPS on the 15 min charts is more volatile, but it will give you mor...
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| When to exit a trade forex |
| 2008-01-22 10:42:00 |
The best time to exit a trade is when the price crosses back down through all 3 EMA’s on the chart. Notice in the above example that the Dark Blue line—the actual price of USD/CHF on the 20th crossed back down all three indicators where I circled EXIT. If you held this position all week, you could have made a 275 pip profit. With 1 lot traded on a standard account this would have been approximately $1780.00 in profit. With 2 lots--$3560! A mini account would have profited you $178 and $356 respectively. If you profited 275 pips with EUR/USD or GBP/USD you would have made approximately $10 per pip, which you would have made $2750 with one lot and $5500 with 2 lots traded. Not bad for one week! More about time to trade forex Forex Trading Useful Information about forex trading Forex Handeln Useful Information about forex trading with german language
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| When to enter a trade forex |
| 2008-01-22 10:36:00 |
FPS indicators tell you when to get into a trade when the EMA ten crosses the 25 and the 50. If the ten crosses the 25 and 50 up from the bottom, you enter your forex trade ‘long’ and ‘buy. If the 10 cross the 25 and 50 down from the top you go ‘short’ and ‘sell’. Make sure that when you get into your trade that the Parabolic SAR is on the bottom when you go long and on the top when you go short. In the example above, on October 15th, there was a great opportunity to go long on the USD/CHF pair, where I circled and labeled enter. Notice how the EMA 10 crossed up the 25 and 50 and the Par SAR was on the bottom. - If you are trading the hourly charts like in the above example, make sure that the 15 min...
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| Trade Recording (Forex trade recording) |
| 2008-01-22 10:35:00 |
For all foreign exchange transactions that should be as automated as possible, procedure must be in place to provide a clear and fully documented audit trail. The audit trail should provide information about the counter-party, currency, price, trade date, and value of each transaction. An accurate audit trail significantly improves accountability and documentation and reduces instances of questionable transactions that remain undetected or improperly recorded. More about foreign exchange Trades should be recorded by the trader in a timely manner. A delay in recording a trade could disrupt processing, including the communication of transaction information between counter-parties and could result in inaccurate account ...
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| To Increases drive currency price |
| 2008-01-22 10:34:00 |
Currencies are quoted using 5 significant digits. The last digit, called a "pip", represents the smallest potential move in an exchange rate, and is very similar to ticks or points in other financial products. In the example below, a 10 pip increase in the Ask price would result in a quote of 1.2287. Likewise, a 10 pip decrease in the Ask price would result in a quote of 1.2267. Half-pips are a more recent development offering traders even tighter spreads and more competitive and transparent accuracy in pricing. When trading foreign exchange, the value of a pip is dependent on two variables – the amount of currency and the currency pair. Forex Trading Useful Information about forex trading Forex Handeln Useful Information about forex trading with german language
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| Short Term ‘Scalp’ Trading the 1min Charts |
| 2008-01-22 10:26:00 |
In first example, trading the technical indicators on hourly charts is called swing trade, with trades lasting for a few days and sometimes even weeks. In our second example we looked at the 15min charts which traders call day trading, with trades that last hours and sometimes most of the day. Scalp trading is when you use the 1 to 5 min charts to ‘scalp’ small profits. These trades usually only last a few minutes to an hour. You can use the FPS to scalp trade Forex on the 1 min charts. Here is how: 1. Instead of using the 10, 25, 50 EMA’s like we did in the above examples, put on the 25, 50 and 100 EMA’s. 2. Often it is best to scalp trade at the London which open (3:00AM EST) or the New York which...
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| Risk Management, forex risk management |
| 2008-01-22 10:24:00 |
The aim or risk management is to ensure that an institution’s trading, positioning, sales, credit extension, and operational activities don't expose the institution to excessive losses. The major components of sound risk management include: · A comprehensive risk management strategies for the entire organization · Detailed internal policies on risk taking · Strong information systems for managing and the reporting risks · A clear indication of the individuals or groups responsible for assessing and managing risk through individual departments The primary risk management practice is the segregation of duties between operations personnel and sales & trading personnel. Operations personnel, who are responsible...
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| Recommendation - Model of a Direct Trading Operation |
| 2008-01-22 10:23:00 |
The fall of some traders came as a result of numerous deficiencies in the control environment at Allfirst’s treasury. No single deficiency can be said to have caused the entire loss. To summarize, the following three major deficiencies in the control system have played a major role: · Deficiencies in Trading confirmation · Mid-Office control system not independent from the control system Front Office · Inadequate resources in internal audit and risk control From this information we have developed the following system for a direct dealing operation in close relation to the “Guidelines for Foreign Exchange Trading Activities – September 2001” from the Foreign Exchange Committee of the Federal Reserve Bank of New York. More about Foreign Exchange Forex Trading Useful Information about forex trading Forex Handeln Useful Information about forex trading with german language
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| Periodical change of Forex Trading Partners |
| 2008-01-22 10:22:00 |
Collusion occurs when the parties have opportunity to conduct business in a stable, foreseeable, and trustful environment without stringent controls. A long-term relationship can consequently be an ideal basis for collusion. Two traders that conduct trades on a daily basis over a long period of time without close supervision of superiors have the possibility to align trading strategies to create personal gains. A system that disrupts this stable environment can with that be helpful in avoiding collusion. One such possibility is to rotate traders amongst the clients they do business with. A regularly changing contact person at the counter-party reduces the chance of build-up of the trust between the two traders that is necessary to engage in fraudulent ...
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| Market Characteristics |
| 2008-01-22 10:21:00 |
The forex markets is the largest and most liquid market in the world. The estimated worldwide turnover of reporting dealers, at around $1 ½ trillion a day, is several times the level of turnover in the U.S. Government securities market, the world’s second largest market.Almost two-thirds of the total transactions represents transactions amongst the various dealers themselves – with only one-third accounted for by their transactions with financial and non-financial customers. Among the various financial centers around the world, the largest amount of foreign exchange trading takes place in the United Kingdom (1998: 32%), followed by the United States with 18%. The forex trading market place is a 24 hour market with exchange rates and market condit...
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| Forex, Payment and Settlement Systems |
| 2008-01-22 10:20:00 |
The forex trading requires two transfers of money value, in opposite directions, since it involves the exchange of one national currency for another. Execution of the transaction engages the payment and settlement systems of both nations. “Payment” is the transmission of an instruction to transfer value that results from a transaction in the economy, and “settlement” is the final and unconditional transfer of the value specified in a payment instruction. Today, electronic money transfer systems represent a key and indispensable component of the payment and settlement systems. It is the electronic funds transfer systems that execute the in...
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| Foreign Exchange, The various parties involved |
| 2008-01-22 10:19:00 |
Now day, commercial banks and investment banks serve as the major dealers by executing transactions and providing foreign exchange services. Some, but not all, are market makers, that regularly quote both bids and offers for one ore more particular currencies thus standing ready to make a two-sided market for its customers.The dealers also trade forex as part of the bank’s proprietary trading activities, where the firm’s own capital is put at risk on various strategies. A proprietary trader is looking for a larger profit margin based on a directional view about a currency, volatility, an interest rate that is about to change, a trend or a major policy move. For the customer side there is a range of financial an...
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| Benefits fo forex trading, Why Trade Forex? |
| 2008-01-22 10:16:00 |
Many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a business opportunity: Leverage: In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. Liquidity: Because the Forex Market is so large, i...
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| Automatic check for forex trades with unusual characteristics |
| 2008-01-22 10:15:00 |
Automation is often the best solution for monitoring trading activities. Technology could here be used to scan for trades that fulfill characteristics that are typical for trades as part of collusion. A potential characteristic could be the price of the traded good. If the price deviates to strongly from the market price, the trade should be selected for further investigation. Random cross checks of conducted trades between trader pairs A third possible solution could be to randomly check trades between longstanding forex trading partners. The check should involve the middle offices of both trading partners without the involvement of the responsible forex traders. Having both parties...
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| (OTC) Over-the-Counter vs. Exchange-Traded Segment |
| 2008-01-22 10:14:00 |
There are generally two different market segments within the foreign exchange market: “over-the-counter” (OTC) and “exchange-trade”. In the OTC market, banks indifferent locations make deals via telephone or computer systems. The market is largely unregulated. Thus, a bank in a country such the USA does not need any special authority to trade or deal in foreign exchange. Transactions can be carried out on whatever terms and with whatever provisions are permitted by law and acceptable to the two counter-parties, subject to the standard commercial law governing business transactions in the respective countries. However, there are “best practice recommendations” such from the Federal Reserve Bank of New Yo...
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| 133 Forex Trading Tips (121-133) |
| 2008-01-21 14:07:00 |
121-Elliot Wave Theory- The number of waves follows the Finobacci sequence.122-Elliot Wave Theory- Finobacci ratios and retracements are used to determine price objectives. The most common retracements are 62%, 50% and 38%.123 -Elliot Wave Theory- Bear markets should not fall below the bottom of the previous fourth wave.124 -Elliot Wave Theory- Wave 4 should not overlap wave 1.125 .Support and resistance are the most effective chart tools to use for entry and exit points. For purposes of placing stop loss, support and resistance levels are most valuable.126. One of the commodities most effected by the dollar is the gold market. The prices of gold and the U.S. dollar usually trend in opposite directions.127. The Yen is sensitive to changes in the price or structure of the raw material marke...
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| 133 Forex Trading Tips (111-120) |
| 2008-01-21 14:05:00 |
111. Most oscillator buy signals work best in uptrends and oscillator sell signals are most profitables in downtrends. The place to start your market analysis is always by determining the general trend of the market. Oscillators can then be used to help time market entry.112. Give less attention to the oscillators in the early stages of an important move, but pay close attention to its signals as the move reaches maturity.113.The best way to combine technical indicators is use weekly signals to determine market direction and the daily signals to fine-tune entry and exit points. A daily signal is followed only when it agrees with the weekly signal. (daily-weekly, 4 hour-daily,4 hour-1 hour).114. The failure of prices to react to bullish news in an overbought area is a clear warning that a t...
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| 133 Forex Trading Tips (101-110) |
| 2008-01-21 14:04:00 |
101. Near the beginning of important moves, oscillator analysis isn’t that helpful and can be misleading. Toward the end of market moves ,however ,oscillators become extremely valuable.102. When the oscillator reaches an extreme value in either the upper or lower end of the band, this suggest that the current price move have gone too far too fast and is due for a correction of some type.103. The oscillator is most useful when its value reaches an extreme reading near the upper or lower end of its boundaries. The market is said to be overbought when it is near the upper extreme and oversold when it is near the lower extreme. This warns that the price trend is overextended and vulnerable.104. A divergence between the oscillator and the price action when the oscillator is in an extreme posi...
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| 133 Forex Trading Tips (91-100) |
| 2008-01-21 14:02:00 |
91.A channel breakout suggests a target for the currency price equal to the width of the channel.92. Long term charts provide important information regarding long-terms or cycles. The trader can get a correct perspective regarding the real direction of the market in the long run, the strength or direction of the current trend occurring within that trend, or the possibility of a breakout from the long-term trend.93. Common Points All Of Reversal PattermsA)The first signal of an impending trend reversal is often the breaking of an important trendline.B)The larger the pattern,the greater the subsequent moveC)Topping patterns are usually shorter in duration and more volatile than bottoms.D)Bottoms usually have smaller price ranges and take longer to build94. The head-and-shoulders formation is...
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| 133 Forex Trading Tips (81-90) |
| 2008-01-21 14:01:00 |
81. The larger the Pattern ,the Great the potential. When we use the term “larger” ,we are referring to the the height and the width of the price pattern. The height measures the volatility of the pattern. The width is the amount of time required to build and complete the pattern. The greater the size of the pattern-that is ,the wider the price swings within the pattern (the volatility ) and the longer it takes to build –the more important the pattern becomes and the greater the potential for the ensuing price move.82. The breaking of important trendlines . The first sign of an impending trend reversal is often the breaking of an important trendline. Remember however ,that the violation of a major trendline does not necessarily signal a trend reversal.The breaking of a major up trend...
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| 133 Forex Trading Tips (71-80) |
| 2008-01-21 14:00:00 |
71. Patience is important not only in waiting for the right trades,but also in staying with trades that are working.72. You are superstitious; don't trade if something bothers you.73. Technical analysis is the study of market action through the use of charts,for the purpose of forecasting future price trends.74. The charts reflect the bullish or bearish psychology of the marketplace.75. The whole purpose of charting the price action of a market is to identify trends in early stages of their development for the purpose of trading in the direction of those trends76. The fundamentalist studies the cause of market movement, while the technician studies the effect.77. Rising commodity prices generally hint at a stronger economy and rising inflationary pressure...
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| 133 Forex Trading Tips (61-70) |
| 2008-01-21 13:59:00 |
61. K.I.S.S – Keep It Simple Stupid, more complicated isn’t always better.62. Timing is especially crucial in forex trading.63. Timing is everything in forex trading. Determining the correct direction of the market only solves a portion of the trading problem. If the timing of the entry point is off by a day ,or sometimes even minutes ,it can mean the difference between a winner or a loser.64. A “buy and hold” strategy doesn’t apply in forex trading65. When you open an account with a broker, don't just decide on the amount of money, decide on the length of time you should trade. This approach helps you conserve your equity, and helps avoid the Las Vegas approach of "Well, ...
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| 133 Forex Trading Tips (51-60) |
| 2008-01-21 13:57:00 |
51. Work from the long term to the short term.52. Use intraday charts to fine-tune entry and exit.53. Master interday trading before trying intraday trading.54. Don't trade the time frame. Trade the pattern. Reversal patterns, hesitation patterns and breakout patterns appear often. Learn to look for the pattern in any time frame.55. Try to ignore conventional wisdom; don’t take anything said in the financial media too seriously.56. Always do your homework and stay current on global events. You never know what's going to set off a particular currency on any given day.57. Learn to be comfortable being in the minority. If you are right on the market, most people will disagree with you. (90% losers,10% winners).58. Technical analysis is a skill that improve...
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