Technical Analysis and Basis for and against Forex

There are 2 main methods that Forex traders use to analyze the market. These are technical and fundamental analyzes. Pure technical analysts can tell you that it is impossible to market the news, because the market is moving so fast, and the news outside will tell you. On the other hand, fundamentalists will say that the market only moves. Technical indicators are always followers. So what methods should we use? To find out, consider these two methods for and against.

Technical Analysis

The technical analysis is to track past currency price movements, and can be used to identify the direction in which the current price may be located. This analysis can be done manually or automatically. Under the automated system, traders use a software (expert advisor) or robot to help them find trades and identify entry and exit points. Technical marketers believe that all the information needed to run a business is listed.

Basic analysis

Basic analyzes are key to determining the price direction of a currency under economic, financial and political factors. Basic traders believed that currency movements, stronger or weaker, were linked to the strength of the economy, financials and political conditions. This is why key reports and news are important to them. News and reports like interest rates, employment, trade balance and GDP are very important. Other information such as retail, durable goods, home sales and ISMs will also affect price movement.

Technical Analysis

advantages

– Helps retailers with specific points of entry and exit.

-Cards can give everyone an easy way to instantly identify trends. This may be because the same data is also seen by millions of marketers; for if many Forex traders do the same, this may lead to a self-fulfilling prophecy of even greater tendencies.

-Figures graphs and indicators. It is certainly the easiest and most accurate method used by many traders to date.

-Cards and tools can hit sometime when a trend starts or ends. This will help the trader to plan profits and stop losses more accurately.

disadvantages

-If many retailers place stops at the same sites, this may reverse the price movement, as larger players in the market can deliberately stop these stops.

-The tools used are basic indicators. It can be risky assuming that current prices and trends predict future prices. They do it often, but not necessarily.

– Being completely on the charts means that you have no other signs that you can change the trend.

Basic analysis

advantages

-Foundation analysis enhances the knowledge and understanding of the global market. So help us get a clear picture of the overall health of the world economy.

-We can use a basic analysis to explain the unexpected price movement. So, find out if prices move higher or lower.

-Major news can change the big price movement sometime when there is a big difference between expectations and real results. If you can predict and catch that price movement, it can be very profitable.

-Foundation analysis is best used to predict long-term exchange rate movement.

disadvantages

-There is so much information that can be confused.

-It is never difficult to use all the information to score a particular point of entry or exit to the trade.

-The short-term news release in the day may give a false signal and deceive the trader into opening the trade. This signal often develops a generational reaction in the market.

– Daily information or news can be priced in the market. Therefore, the information will not affect the price movement.

-It needs a person with some basic knowledge of economic background.

-News can sometimes cause a dramatic and rapid price movement as currency pairs go up and down as Forex markets try to swallow the news. Inexperienced traders can find themselves trapped in a chain of loss.

Conclusion

In my opinion, this is the best or best Forex analysis method that will guarantee 100% results all the time. Technical analysis and graphics will help short-term traders make their own decisions; long-term traders need to be informed about new currencies and data in trading countries. Note that these methods of analysis are simply tools. Using it properly can generally help you trade more efficiently. Therefore, most Forex traders use two analytical approaches to make trading decisions.

What you should do when you do Forex Analysis

In Essential Forex Analysis, you are essentially valuing a business, equity markets, or a country, Forex. If you find it difficult to value a business, you should try to value an entire country. It can be difficult, however, to find out how the country works. Some of the indicators you should look at in forex analysis include agricultural payroll, Consumer Price Index (CPI), Purchasing Manager Index (PMI), Permanent Goods and Retail Sales.

In the Forex market, most traders use key Forex analysis to predict long-term trends. However, some traders make short-term trading based on the reaction of different news releases. Many can receive meetings and comments and can influence markets as any news or indicator report. All of these meetings are often discussed on issues that will affect interest rates, inflation and currency values.

You should see two important meetings, these are the Humphrey Hawkins Hearings and the Federal Open Market Committee. For example, the Federal Reserve Chairman's comments on interest rates will affect market volatility.

By reading the reports and analyzing the comment, a key Forex analyst has a better understanding of the long-term Forex market trend. Keeping the development of the Forex market will allow short-term traders to benefit from the extra facts. If you decide to follow a key Forex strategy, you will want to keep your business calendar available at all times. Your Forex broker also gives you real time for this type of information to use in your analysis.

What to do and do not do when you live or back around Costa Rica

Do you visit Costa Rica …

From beaches, waterfalls and volcanoes to monkeys, magnificent coffee and already gentle people, this small, cosmopolitan country boasts many reasons to visit. You can get it on a budget or never leave 5-star resorts. As for the beaches, if you want to take care of them, you will enjoy Playa Jacó. Prostitutes and drug dealers won't really bother you, unless you go out looking for them. The best small community beach towns such as Playa Samara, Santa Teresa and Montezuma (Monte 'fuma') on the Pacific Coast or Puerto Viejo (my favorite) on the Caribbean coast. When visiting a volcano, don't forget to be weatherproof and preferably weather resistant. It is probably a wasted space for the back, as it happened when you went to the Arenal Volcano. Bosnian Vulcano wound me all day in the middle of summer. Get a camera for Poas. His point is surreal. When in La Fortuna, pay an extra $ 15 and go to the natural hot springs in Tabacon, instead of the man-made ones in Baldi.

Don't stay in San Jose for more than a few days …

It's a metropolis, and it has a feeling in downtown Los Angeles, and besides partying in the California Barrio department at night or visiting the museum and seeing old churches, there's so much else! Of course, if you are the kind of person who has earned a lot of money and wants to exploit the role of legal prostitutes in Costa Rica, it is up to you. Personally, I try to stay outside of Gringo Golsh as they call it. But here, in San Jose, not far from Chinatown. Don't get lost at night anywhere in San Jose. Take the wrong turn, and you'll jump over the finest, swollen sleep on the rooftop floor, smelling fresh, pissed paint on the concrete walls. There may be a significant risk factor for smuggling.

Do you get lost every day (during the day) …

Get lost completely, soaking in the feeling of uncertainty. Wear comfortable shoes or sandals. You'll walk a lot. Whether this house is a long journey because buses have stopped and you can't buy a taxi or while walking to the next bus station, you will be happy to have good shoes. I have burned through a pair of cheap sandals in a few weeks.

Don't think you'll make a comfortable living teaching English. It is possible to go out, but hardly.

Do you use public transport …

Did you miss the bus? who cares? They come every fifteen minutes. Just make sure you get it right. If you get on the wrong bus and realize it right away, don't expect a refund. Once the pointer leaflets cross at the entrance, your account is made and if you exit immediately, it will exit the jeep (bus driver driver). Say, "gracias" when you exit when you stop. Most Ticos do, so chofer is estimated. Buses cost the equivalent of 15 to 50 US cents for the most expensive intercity buses. Cross-country trips sometimes cost up to $ 12. But this pays for 6 hours or more cross-country trip. It's a great value.

Not afraid of public transport …

You walk in a thin two-way road, parked by cyclists on the right and do not somehow collide with shocks with opposition cars. Everybody on the bus, or sitting or standing, is getting ready for something, or he'll fall. The manual senders run from the left and his right helps to convert coins as he constantly prepares coins, either to give you a change or to customize the coin in the correct slot. Don't know how he ever changes gears. Or how good it was.

Have patience …

Buses break down and water stops working, the bathroom will not become warm, let alone heating. You can turn on the light at night and see a cockroach running across your room. Little ants blend in with granulated sugar, Wi-Fi seems to not work, and you'll be excited to wake up without any new bites from mosquitoes. Sleep in the impossible due to heat and moisture. Or maybe it's because the cocks have been going on since 2 am and are going on all day. This always stays away from dogs, and once one starts barking, they all go. Each house has at least one dog. The nearby parrot speaks Spanish and the crazy birds outside seem like a woman screaming. Luckily, I live outside the excessive debt in the propaganda truck that was created through the 12×12 double-speaker cabinets installed at the top. Own ear plugs and make sure you get a good book on you. That's it.

Don't stay in hotels …

Stay in the hostel. Costa Rica is not cheap as you say, Nicaragua or Panama, but if you are traveling on a budget, the maximum you should pay for one night is $ 14. You can bring a lock for cabinets. Do not try to book in advance. Get there during the day and see them. It adds a great element to travel or backpacking. In fact, if you are a Type A traveler, start booking in advance. Just know that gems are not always present online.

Do you make local friends …

Costa Rica passes by Tecos and Tecas. Try to learn their language, even language. They have distinctive words here, like, "pronounced," 'my,' which are essentially the American equivalent of 'dude' or 'man.' So Tecas call each other. Or compa or just, pa, which is a classification of 'compadre'. They may laugh at you as you try to talk like them or you may get respect. Either way, if you're there long enough, you'll use it normally after a few weeks anyway.

Don't eat in restaurants …

You need to show off all the time, but mostly, if you're a budget gay traveler, then you need to buy weekly groceries at 'la feria'. On Saturdays or just eat in soft drinks every day. Soft drinks are small family-owned restaurants that are found throughout cities. Each has its own unique name, or some keep it simple and say "soda" or 'comida typica'. They serve bento gallo, which is rice and beans with a side of salad, fresh fruit, and meat selection. It is delicious, comes with a drink, and costs about $ 5.

It doesn't matter if you're coming for parties, nightlife or tours and attractions during the day. Costa Rica is a magnet for tourism in Central America for some reason. Anyone will love it.

Future Forex Trading

The benefits of forex currency futures trading are significant. The difference between the two instruments is the truth-seeking realities, such as the history of each, the target audience and their importance in modern forex markets, to more specific issues, such as transaction fees, margin requirements, access to liquidity and ease. technical and educational support provided by sources for each use and service. These differences are shown below:

More Volume = Improved Liquidity The volume of CME's daily cash volume is greater than 2% of the volume seen each day forex markets . Comparable liquidity is one of the benefits when the forex market tightens the currency's future. The truth is that they are old news. Any currency professional can tell you the money since modern currency markets began in the early 1970s. s. The real news is that traders in all forex risk profiles have full rights to use the opportunities offered by forex markets.

Forex markets are making a narrower offer to offer increases than future currency markets. Recovering the future cost, to evaluate the money, you can voluntarily see in the USD / CHF example, comparing the future sale price to .5894 – .5897 currency price from 1.6958 to 1.6966, 8 pips vs. Available on the 5-point increase in forex pipe markets.

Forex markets offer a lower advantage and margin charge than those found in the currency futures business. When trading currency futures, buyers have a “daily” buy and sell margin charge and another for “overnight” situations. These forex margin rates vary depending on the size of the business. When trading money markets, you need to have access to the same margin rates day and night. Surely, trading margins equals your profits AND your losses.

Forex markets use easy-to-understand, worldwide terms and cost quotes. Currency futures budgets are investments in value for money. For example, if the cash price of USD / CHF is 1.7100 / 1.7105, the future is .5894 / .5897; a method followed only on the limits of futures trading.

Future currency charges include a time factor that involves different currencies, with a forward forum that takes into account interest rates and interest differences. The forex market has not been subject to change, mathematical manipulation, or thinking based on the interest rate factor of future deals.

Forex trades * are available through FOREX.com. Future currencies have extra luggage for trading commissions, trading rates and default rates.

How are currency values ​​determined?

And who determines the values ​​of the currency?

The answer to the second part is simple. The value of the currency is determined by the buyers of the currency. These are mainly travelers, government and Forex traders. FOREX is a Foreign Currency. There are factors that determine the fair market value of a currency for currency traders, governments and businesses.

The fair market value is the price that the buyer and seller will get together. The buyer must have many items and considerations at each time the currency & # 39; to try to value the specific value. There are now approximately 180 different currencies in the world. Let's give the currency & # 39; some of the factors used to determine the value of s.

Factors affecting currency value:

1. Political conditions in the country – Includes government stability, corruption, bribery and the level of law and order. It also includes relations with other countries and especially with the US, UK, China and Russia. The form of government in the country is also a factor used to evaluate the value of a currency. Note that there are numerous forms of government in Saudi Arabia, China, the United Kingdom, Venezuela and Thailand.

2. Economic Status – These are factors such as employment, unemployment, work ethic, infrastructure, inflation and economic direction. In orientation he is older or younger; computers and high technology, or more agriculture and manufacturing.

3. External perception – Their perceptions and attitudes towards other countries are as important as the actual situation of the country. News, media, movies, newspapers, rumors and spin can create perceptions. How much is known about a country? The less you know in general, the lower the value of a currency.

4. Demographics – The young population may have better opportunities for the future, people more open to change and development, and a growing workforce. The general population of a country is a factor. How much weight does this country have in the world.

5. National Leaders – Openness, reliability, and resemblance to leader agents is a factor. This includes political leaders, sports figures, business owners and celebrities. Here are some national figures that affect their countries, for better or worse. Kim Jung Il, David Beckham, Nicole Kidman, Madonna, Osama bin Laden, Barack Obama and Vladimir Putin. These help to shape the perception of the country in the world.

6. Insulation versus Openness – Continued China is becoming more open and transparent. This helps. Cuba is very closed and isolated. Venezuela is becoming more and more isolated from some of its latest actions. Chinese markets are more open. Cuba, Kyrgyzstan, Russia and Japan have varying degrees of openness to the outside world, which affects the value of their currency.

7. Natural Resources – The type and amount of natural resource exploitation in a country certainly contributes to the perception of the value or deficiency of a country's currency. Mining of minerals, forests, oil, fish and other resources is considered. In addition, the level of technology to develop these resources.

8. Weather factors such as droughts, tsunamis, earthquakes and floods. How often and what is the response of the country. These also affect a country's desirability, security and perception. Is it a tourist destination?

9. War and Conflict: Which country is at war with, and who is an ally? Their military strength and technology, their willingness to go to war, and what they are, are important factors in assessing the strength, stability and value of their currency.

10. Education – Includes spoken language, computer proficiency, Internet connection, culture and religion. Scientists, activists, authors and inventors alike are concerned with the type and quality of education in a country.

As a result, currency values ​​are determined by many factors. It is not just a matter, it is also a compound of many. Trading currencies, such as FOREX, are traded in pairs. Values ​​must be relative to something. So how well a country performs relative is also significant. The common forex pairs are the US dollar and the Japanese yen, the euro and the US dollar, for example. These and other factors determine the value of a currency. Some are tangible, others are intangible. Some are fixed and some are manageable. Sometimes this is news for the moment and sometimes it is a long-term situation. Because of this, currency values ​​often change and there is no single place or person that determines the currency values. And why currency trading, based on variable currency values, can be an exciting, lucrative, volatile, funny or disastrous form of business or investment.

3 Principles of Forex Technical Analysis

The technical study known as Forex (Foreign Currency Exchange or FX) is a widely used methodology for currency trading around the world, based on three key principles. The first principle is that the action of the fx market discounts everything. The true market price is a reflection of all the knowledge of the market that could affect the price movement. The pure technical analyst is only concerned with price movements and not with reasons for change.

Second, prices tend to move. The price can be moved in 3 directions, which can be moved up, down or sideways. Whenever there is a tendency in any of these directions, it will last and create a trend. Technical analysis is also used to identify patterns of market behavior that have long been considered important. These models will usually behave as they did in the past, as long as you know and know what they are. They have proven to be consistent in predicting future movements. If you correctly identify the chart patterns and know what the next price move is, you will be able to limit your losses and maximize your profits.

And third, history repeats itself. Technical analysts believe that investors collectively replicate their investment behavior patterns. They tend to act and react in the same way to different types of stimuli, such as economic data or other news items. To the extent that investor behavior is frequently repeated, it is possible to chart known market models for analysis.

So a marketer who is a mere technical analyst should not be worried about market news. The letter skippers would use it because the market took the news into account and acted accordingly. However, although widely used, there are some drawbacks to this trading methodology.

Win Forex Consistent with Trading – 4 Tips for Getting Common Forex Profits

  1. Don't jump on the market for a moment and you can jump with some elbows on your behalf. The market can be pretty rough with the "players" watching. They call themselves traders "players" because they are doing this – fully aware of how the market works with their finances.
  2. Some brokers call forex trading "bets". Actually, I don't trust brokers like that. Really & # 39; trade & # 39; it would be a great game for people to do. Betting is for players who are just lucky. Marketers know who the product is for and buy it to sell later.
  3. Economics laws apply and there are many tools to help the professional "trader" determine the demand and supply of the product being marketed, in this case currency pairs.
  4. Profit trading takes time. Actually, I was 6 years old. It is still impossible for me to know where to enter or to whom to start a business for profit. However, I know when I will miss the time losses. Read on to find out how:

Forex Trading Rules That Work For Me – Manual Trading, Technical Diagram, Minimum Point Average Daily, Using Double Monitors and Earnings on Committees.

Over the years I have developed a strategy, a completely manual trading strategy, so it is not a & # 39; strategy tester & # 39; Try one – for lack of script knowledge – but it can certainly be automated.

My strategy involves technical graphics, news and personal human observation. My strategy is to get 10 to 400 points on a fractional pip platform using MT4. It involves sitting (6-10 hours) daily in front of the monitor, and then some.

Although 20 consecutive trades (and at least 7 trades) can be taken out of the market, it cannot be marketed multiple times a day. Sometimes I only do 2 jobs a day, other times none. But, I have never been able to place more than 5 requests in a single day.

On average, I get 25 points a day for 500 points. On a piecemeal platform, I make 16 lots ($ 10,000 in trade) for $ 800 a month! Not bad for the 500 USD accounts traded with the 1: 400 lever!

It could be a pain to sit for hours on screen and wait for a setup. But then I also double as a writer. One monitor is dedicated to my forex trading and the other to my writing.

I manage forex accounts for 6 people who pay me a commission, so & # 39; PIPs & # 39; I add them. Not bad for a side business! & # 39;

Five Great USA train trips

Amtrak's large, gleaming trains travel to all major US cities and cross some of the country's scenic landscapes. Their rugged charm distinguishes them from the most mundane transportation and although this may not be the fastest way to travel at perfect speed for sightseeing. You can choose your comrades, read a book, let your ideas open, sleep horizontally and generally enjoy most of the comforts of home. It's much more fun than being isolated above clouds or driving across endless highway boards.

Amtrak operates almost all American passenger trains, the following are the most enjoyable routes:

California Zephyr is one of the largest trains in the world, stretching from Chicago to San Francisco through the American stronghold and high plains of Colorado, then ascending to the Rocky Mountains via the Oregon Corridor. Pioneers came this way, as well as gold seekers, fast pony and the first continental telegraph. After Salt Lake City, you can cross the Bonneville Salt Flats and the beautiful and dangerous Sierra Nevada.

The epic journey of Sunset Limited takes you to the coast from New Orleans to Los Angeles. The train makes a dizzy crossing of the Mississippi River on the Huey Long Bridge in Crescent City before traveling between soft white egrets, crocodiles, palaces and sugar cane fields. After San Antonio, he joins Rio Grande, and it takes a day to cross the Texas volcanic meadows.

The Southwest Chief travels between Chicago and the Pacific, after part of the Santa Fe Trail route that was first used by Native Americans, Spanish conquerors, coach trains and stage coaches. Cross the Mojave Desert and pass the famous Boot Hill burial ground in Dodge City. From Williams in Arizona you can travel to Grand Canyon by train.

From New York to New Orleans, The Crescent travels through the Blue Ridge Mountains and the idyllic Shenandoah National Park with forest and cedar forests. Outside Atlanta lies the sleepy southern cities with attractive public shops and sun-blown homes. The train also makes a dramatic crossing of Lake Pontchartrain, where it flies a few feet above the water on a six-mile road.

Coast Starlight operates between Seattle and Los Angeles via Washington, Oregon and California. Some of the highest mountains in America, such as the volcanic hood mountain, as well as emerald forests and waterfalls in the Twain Peaks country. Behind San Luis Obispo, it runs on trails located above the cliffs, with great views of the Pacific beaches and beaches.

Why use a Forex robot?

When it comes to the foreign exchange market, it is important to understand the businesses of that day, as well as long distance businesses that are dependent on many different things. If you have no time to pursue these things, maybe Forex robots is a way to trade for the best chance of success.

It is crucial that there are many things that cause the rise and fall of particular currencies when you decide to start investing in the Forex market. That is, five o & # 39; new watches, noon news, a country's economy, gross national product, as well as a country's trade laws, import and export agreements, and just about anything else. you may think it can affect the currencies of each country.

To trade effectively in the Forex market, you need to understand how this all comes together, so that couples can rise and fall. If you have no time to go through with this, you probably are not negotiating.

Now that you are investing in a particular company that was trading in the market, you can invest in a particular software that does your business. Forex boots, FX robots, automated Forex robots, Forex meta-crawler & # 39; s offer different names and names.

Basically, they are a piece of software that explores the foreign exchange market looking for certain mathematical algorithms. When certain situations are met, the robot trader trades.

Just like anything else, research will be your best friend when it comes to choosing an automated Forex robot. Read consistency, profit margins and of course, fine print. Make sure that the business you are investing in has good capital to comply with local national law.

Click here for Free Market Information and Forex Robot.

Forex Robot Trader Review – Automatic Forex Trading System

All Forex traders want to generate fast profits. So everyone is asking the same question. Which Forex Robot Seller Makes Big Profits?

It's been amazing to see how robot systems are able to rest merchants. Robot traders have changed the way they trade Forex. "How to find the most profitable robot" is a common search term.

Is it FAP Turbo, or Forex Automobiles? These two are meeting new Forex all the time. The well-known duo finds himself as an assistant to many traders. The owners make a lot of money. But savvy traders carry more than one robot at a time. They trade for the most profit using multiple robots at once. Choosing FAP Turbo or Forex Automobiles will give you the profit you want, you can even think of using both.

In fact, you may choose any couple or trio to work for you. Each robot negotiates differently from the other. You plan to interview each robot as if you were hiring to work in the office. And every new robot you hire should fit into your overall concept if you want your team to work together.

Think about your own trading, and the trading robots you want to buy. If you find the right combination of automatic assistant robots, you can make more money than you expect. You do not have to stick with just the popular FAP Turbo or Forex Automotive Pilot. There is a lot of other money that comes from making money that is not so popular in the market.

You should consider visiting Forex trading sites that compare different types of available robots. Then put on the team leader who will work best for you. This is your first way to choose a Forex robot trader and then your next robot. This is the way to maximize your profits.