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Forex Trading Advice » Forex Trading http://forextradingadvicecenter.com Forex Trading Advice Center Thu, 03 Jun 2010 08:43:46 +0000 en hourly 1 http://wordpress.org/?v=3.0 Euro Fell Sharply Against Most Other Currency Pairs http://forextradingadvicecenter.com/2010/05/26/euro-fell-sharply-against-most-other-currency-pairs/ http://forextradingadvicecenter.com/2010/05/26/euro-fell-sharply-against-most-other-currency-pairs/#comments Wed, 26 May 2010 21:34:15 +0000 ForexEd http://forextradingadvicecenter.com/?p=294 hymarkets
Click here to visit HY Markets

Traders at HY Markets and various other Forex brokers saw the Euro fall sharply against most other currency pairs amidst continuing fear surrounding the sovereign debt crisis being experienced in Greece and Portugal along with speculation that China could be dumping many of its Euro holdings.

Traders have started to give the Euro a wide berth as speculation continues to grow regarding Greece’s ability to repay its huge fiscal debts. The Euro zone crisis has been slowly strangling the single European currency for months with speculation that the Euro may even collapse completely.

A report in Wednesday’s Financial Times stated that China was meeting with foreign bankers to discuss its holdings of euro-zone debt. This has further spurred concerns and saw the Euro fall further.

On Wednesday traders at HY Markets saw the Euro fall to $1.2177 against the US dollar during the late-afternoon session. The Euro also fell from Y109.56 to Y110.98 against the Japanese Yen on Wednesday, creating some opportunities to profit from the volatile Euro pairs.

If you want the chance to profit from speculating on the changing values and fortunes of the world’s many foreign exchange currency pairs there’s no better place to trade Forex than at HY Markets. HY Markets has many great features and facilities to make Forex trading as easy as possible for you along with free training and accounts available from as little as $50. Visit www.hymarkets.com to find out more about their great Forex trading platform and start profiting from the volatile Euro.

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WebFx Trading Platform From Forex WebTrader http://forextradingadvicecenter.com/2010/05/17/webfx-trading-platform-from-forex-webtrader/ http://forextradingadvicecenter.com/2010/05/17/webfx-trading-platform-from-forex-webtrader/#comments Mon, 17 May 2010 12:31:14 +0000 ForexEd http://forextradingadvicecenter.com/?p=291 forexwebtrader
Click here to visit Forex WebTrader

When you open a new Forex trading account with Forex WebTrader not only do you receive a 10% welcome bonus when you first fund your account and some of the tightest spreads found online but you also get the use of the industry-leading WebFx trading platform from Forex WebTrader.

The WebFx trading platform is the weapon of choice for many Forex soldiers. This intuitive yet easy-to-use Forex trading platform offers you many features to assist you in identifying trends, spotting positions and generally making your trading life easier.

Forex WebTrader’s WebFx trading platform delivers you live, up-to-the-second tradable prices which allow you to stay in control of your investments and trades at all times. The WebFx software also allows you to make ‘one-click’ trades. This means that you can open or close a position instantly with just one click, allowing you to get the price that you wanted.

Forex WebTrader has also installed a trailing-loss function which allows you to automatically adjust the level of your stop loss so that the stop is always a pre-specified distance from the last best market price. This great function dynamically moves your order for you in your favour until the market changes direction, ensuring that you don’t lose precious trading profits.

The WebFx trading platform has many other great features and facilities to help you on your Forex trading way but don’t just take our word for it, visit www.forexwebtrader.com where you can open a new Forex trading account quickly and easily online and where new traders will also receive that 10% welcome bonus that we mentioned at the beginning of the article.

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Euro Hit A One-Week Low Against The US Dollar http://forextradingadvicecenter.com/2010/05/13/euro-hit-a-one-week-low-against-the-us-dollar/ http://forextradingadvicecenter.com/2010/05/13/euro-hit-a-one-week-low-against-the-us-dollar/#comments Thu, 13 May 2010 15:08:04 +0000 ForexEd http://forextradingadvicecenter.com/?p=283 forexplace
Click here to visit Forex Place

The Euro hit a one-week low against the US dollar during Thursday’s trading following news that US jobless claims had fallen and amidst continuing worry about the debt crisis faced by the Eurozone. Forex traders at 4XP saw the EUR/USD currency pairs plummet as traders continue to lose confidence in Europe’s single currency.

During this afternoon’s trading the EUR/USD dropped as low as 1.2542 , its lowest price since last Thursday when the EUR/USD hit a 14-month low. This fall was partly in response to the news of better than expected jobs data from the US. Meanwhile the EUR/JPY currency pair was also suffering as the Euro fell to 116.48 against the yen, a drop of 0.96%.

The continuing struggles faced by Greece and the Euro are still playing their part in restricting the European currency. The Euro has been suffering continuously following the uncertainty regarding the EU/IMF bailout for Greece, the civil unrest in Greece and the possibility of further EU member states having the same problems as Greece.

These continuing troubles in Europe are creating many profitable trades for shrewd and well informed traders of EUR and USD currency pairs. If you think you have what it takes to join the Forex trading ranks or if you already trade Forex and are looking for a new place to trade visit www.4xp.com.

4XP, or Forex Place as they’re also known offer you an industry-leading trading platform, tight spreads, educational videos and even FXTV, 4XP’s very own Forex news channel to make your trading as profitable as possible. Head over to www.4xp.com today where you can open a new Forex trading account with one of the world’s leading online Forex brokers in minutes.

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Choosing The Right Online Forex Broker http://forextradingadvicecenter.com/2010/05/12/choosing-the-right-online-forex-broker/ http://forextradingadvicecenter.com/2010/05/12/choosing-the-right-online-forex-broker/#comments Wed, 12 May 2010 12:01:12 +0000 ForexEd http://forextradingadvicecenter.com/?p=281 etoro
Click here to visit eToro

As a new Forex trader one of the most important decisions you have to make is where to trade? Choosing the right online Forex broker is very important as different brokers offer various trading platforms to suit individual trading needs and different brokers offer varying welcome bonuses, some suitable for larger investments and other for smaller bankrolls.

Online Forex brokers such as eToro are the perfect place for beginners with in-depth training programmes while other trading sites including HY Markets offer you incredibly tight spreads but how should you choose an online Forex broker?

Choosing an online Forex broker to invest with really does depend on three key factors; your experience level, your bankroll and your trading style.

If you’re new to Forex trading brokers such as eToro and Finexo offer you detailed educational programmes covering everything from Forex basics and fundamentals to advanced trading systems and chart analysis. Many of these online Forex brokers also offer you simple and easy-to-use trading platforms which allow you to develop a trading style and gain valuable skills in an simple environment.

If you are an experienced Forex trader with a healthy investment bankroll you will be looking to gain an advantage from your commitment. Online Forex brokers across the globe including AVAFX offer welcome bonuses depending on your initial investment. AVAFX will reward you with a $1,200 welcome bonus if you deposit at least $10,000 when you first fund your Forex trading account.

Your trading style will play a large part in your choice of online Forex broker. This is because the many various trading platforms out there each offer varying functions and features. For example, ForexYard offers automated trading whereas Forex WebTrader offers one-click trading to allow you to make instant trades.

If you want to take a look at the world of Forex trading for yourself visit www.etoro.com where you can open a demo trading account without investing a single penny and you can even enter eToro’s Trading Challenge where both real-money and demo account holders can win cash prizes.

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Dollar Has Gained Significantly Against The Euro http://forextradingadvicecenter.com/2010/05/06/dollar-has-gained-significantly-against-the-euro/ http://forextradingadvicecenter.com/2010/05/06/dollar-has-gained-significantly-against-the-euro/#comments Thu, 06 May 2010 15:19:16 +0000 ForexEd http://forextradingadvicecenter.com/?p=273 spreadco
Click here to visit Spread Co

On the day that the UK general election is taking place Forex traders and trading companies such as Spread Co will see the GBP go through many twists and turns but it’s the EUR/USD pair which is catching most traders’ eyes. The dollar has gained significantly against the Euro this during this morning’s trading.

Here in the UK the general election seems to be taking the lion’s share of the media coverage but the civil unrest taking place in Greece ahead of the government’s decision about the EU/IMF rescue plan is also in the public eye, following three bank employees losing their lives yesterday during riots, as protestors show their disapproval to the huge proposed budget cuts to be faced by the struggling Greek economy.

The Euro had a dismal showing at Forex markets yesterday and has continued this trend by falling to a 14-month low against the US dollar. Forex traders a growing more and more cautious of the European single currency as the rescue plan for Greece is still to be agreed by Greece and its 15 fellow EU member states.

All of the uncertainty about the Euro and the civil unrest in Greece saw the Euro plummet to $1.2738, which is a 14-month low for the single European currency against its US counterpart. This and many other factors have led to the cost of insuring against default for European banks rising to a one-year high.

To speculate on what the Euro will do next visit www.spreadco.com where you can open a new Forex trading account in minutes. If you’re new to Forex or want to get a first-hand view of Spread Co you can open a $25,000 demo account to evaluate Spread Co, its trading platform and the prices on offer.

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Euro Sliding Against The Dollar And The Yen http://forextradingadvicecenter.com/2010/05/03/euro-sliding-against-the-dollar-and-the-yen/ http://forextradingadvicecenter.com/2010/05/03/euro-sliding-against-the-dollar-and-the-yen/#comments Mon, 03 May 2010 11:03:34 +0000 ForexEd http://forextradingadvicecenter.com/?p=271 finexo
Click here to visit Finexo

Forex traders at Finexo and the various other Forex markets across the globe saw the Euro sliding against the dollar and the yen during Monday’s Asian trading session. The fall in the value of Europe’s single currency mirrors the fall in confidence of traders that the EU/IMF bailout package for Greece will be agreed by all EU member states.

The fear for Forex traders who invest in Euro currency pairs at online Forex brokers such as Finexo is that not all of the 15 individual EU state’s parliaments will be able to agree on the terms of Greece’s rescue package, meaning that the EU would not be able to fund the deal, leaving the value of the Euro to drop further and the future of the single currency uncertain.

The Euro fell close to $1.3200 during the Asian trading session today down from $1.3313 during late Friday New York trading. The Euro also fell against the Japanese yen, currently trading at Y124.27, down from Y124.69 late on Friday but still remaining clear of key support levels of around Y123 and Y121.

With such events and uncertainties happening in Europe there has never been a better time for the shrewd and informed investor to trade Forex. If you want to take advantage of the volatile Euro visit www.finexo.com where you can open a new Forex trading account in minutes with as little as $25 and receive a welcome bonus of up to $500 when you first fund your Finexo account.

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The Trend Is Your Friend When Forex Trading http://forextradingadvicecenter.com/2010/04/30/the-trend-is-your-friend-when-forex-trading/ http://forextradingadvicecenter.com/2010/04/30/the-trend-is-your-friend-when-forex-trading/#comments Fri, 30 Apr 2010 21:50:56 +0000 ForexEd http://forextradingadvicecenter.com/?p=269 forexyard
Click here to visit ForexYard

When you trade Forex your number one aim is to make a profit, which can be a difficult job for beginners. However, there is one thing that you can do to improve your profitability, which is trade with the trend. The trend is your friend when Forex trading at online Forex brokers such as ForexYard.

One of the most simple ways to establish a trend is to look what a currency pairs has done previously, which allows you to predict what it is potentially going to do in the future. A currency pairs is always in one of two states, a trend or a trading range. Online Forex brokers like ForexYard have charts which allow you to study the movement of a currency pairs over various time periods, helping you to identify trends.

When a trend is taking place in a currency pair, the value of the pair will start to form peaks and valleys in its chart. During an upward trend for a currency pair the price movement will create a series of ascending peak and valleys, during a downward trend the price of the pair will create a series of descending peaks and valleys.

You should always look for trends when trading Forex, watching out for safe times to buy or sell. Generally, it is best to trade with the trend rather than against it. This means that if a currency pair is showing an uptrend you should buy and if it is showing a downtrend you should sell.

Forex pairs can’t be traded successfully every day. Some days the price of the pair will show no trend, instead the price movements form a trading range. It is advisable to avoid trading a currency pair when it is in a trading range as they can be really messy, unpredictable and worst of all, expensive!

To start trading Forex for yourself visit www.forexyard.com where you can earn a welcome bonus of up to $1,000 while taking advantage of an array of various trading lessons and advice.

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AVAFX Debit MasterCard http://forextradingadvicecenter.com/2010/04/26/avafx-debit-mastercard/ http://forextradingadvicecenter.com/2010/04/26/avafx-debit-mastercard/#comments Mon, 26 Apr 2010 08:49:38 +0000 ForexEd http://forextradingadvicecenter.com/?p=266 avafx
Click here to visit AVAFX

Being one of the world’s leading online Forex trading companies, AVAFX offers its traders many facilities to make life simpler and easier. One such facility is the AVAFX Debit MasterCard. The new AVAFX debit MasterCard is a new way to manage your finances while trading Forex at AVAFX, which allows you to get access to your money quickly and conveniently.

AVAFX has many ways for you to fund your trading account, utilising various methods including internet money transfer companies; NETeller, PayPal, MoneyBookers and WebMoney plus Diners Club, Visa and MasterCard credit cards and now the new AVAFX debit MasterCard too.

To get your hands on the new AVAFX debit MasterCard visit www.avafx.com and complete the online registration and your card will be sent to you in the mail. Once you have received your new card you can transfer funds from your AVAFX trading account into the card from your AVAFX account and use it to spend money anywhere in the world where you see the MasterCard logo.

You can also use the AVAFX debit MasterCard to withdraw funds from ATM’s around the world, receiving cash in your local currency. Just like a bank card, you will have a PIN with the card to ensure that your money is kept safe and secure.

You don’t require a bank account to open a new AVAFX debit MasterCard account and you can access your account online 24 hours a day, seven days a week, keeping you in control of your money at anytime from anywhere.

To start trading Forex with AVAFX, where new traders will receive up to a $1,200 welcome bonus, have access to free Forex training and be able to use the new AVAFX debit MasterCard, visit www.avafx.com today.

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Bank Of England Report Assisted The Pound http://forextradingadvicecenter.com/2010/04/22/bank-of-england-report-assisted-the-pound/ http://forextradingadvicecenter.com/2010/04/22/bank-of-england-report-assisted-the-pound/#comments Thu, 22 Apr 2010 14:36:41 +0000 ForexEd http://forextradingadvicecenter.com/?p=258 forexwebtrader
Click here to visit Forex WebTrader

A Bank Of England Report Assisted The Pound to strengthen against both the US dollar and the euro during the Thursday morning trading session. The report by the UK’s central bank showed an increase in home loans by British lenders last month. This increase, which is greater than predicted by economists, made the British pound a favoured currency to trade this morning.

Traders at Forex WebTrader saw the pound strengthen by 0.3% to 86.66 per euro and also by 0.2% against the US dollar this morning, following the release of the UK’s latest home loan figures. This is further evidence that the UK economy’s recovery is well under way. The British pounds resurgence against the euro is also supported by fears that Greece is still unable to offer assurances that they will be able to repay their current debt without the assistance of other EU nations and the IMF.

The flourishing pound will be further boosted should the UK general election produce a hung parliament, which appears to be a real possibility. If no one party wins the election, analysts believe that the British pound could rally, climbing to 83 pence against the euro, which would be its strongest for 18 months.

To start trading Forex with one of the internet’s leading online Forex brokers visit www.forexwebtrader.com where you can open a new trading account in seconds and start trading with as little as $25. Forex WebTrader has a great selection of currency pairs to trade, competitive spreads, requires no download to trade and has flexible depositing methods including most major credit and debit cards. New Forex traders at Forex WebTrader can also take advantage of the great welcome bonus, which offers you a bonus equivalent to 10% of your first deposit.

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Forex Training Videos From 4XP http://forextradingadvicecenter.com/2010/04/16/forex-training-videos-from-4xp/ http://forextradingadvicecenter.com/2010/04/16/forex-training-videos-from-4xp/#comments Fri, 16 Apr 2010 16:32:35 +0000 ForexEd http://forextradingadvicecenter.com/?p=251 4xp
Click here to visit Forex Place

Whether you’re a brand new Forex trader or a regular at the foreign exchange markets the Forex Training Videos From 4XP have valuable lessons in the art of Forex trading. There’s a collection of eight training videos, each outlining a different aspect of Forex trading from basics such as spreads and values through to trends and analysis.

  • Forex World – Is an introduction into the basics of Forex trading covering such topics as how to trade Forex, Forex market fluctuation, types of trading orders and how to profit from Forex trading.
  • Candlestick Trading – Is a guide to candlestick charts, which are used to assess market trends, using peak points and bottom points to indicate when a market is about to turn.
  • Calculating Risk – Is one of the most valuable lessons to learn when Forex trading. This video lesson offers advice about stop losses, bankroll management, how to detach yourself emotionally from your decision making and how the human mind works while trading Forex.
  • Support and Resistance – This video will introduce you to support and opposition (bulls and bears) plus how to identify peaks points and bottom points.
  • Trends and Trend Lines – Here you will find information about market trends, and rules which will allow identify the King’s Crown, which is the end of a trend.
  • Gathering Information – This 4XP video discusses how the market converges and where to look for key market data and information regarding Forex markets.
  • Fibonnachi Numbers – This training video walks you through the principles of Fibonnachi numbers, what they are and what they do.
  • Trader’s Dictionary – Here you will find an explanation to the many various Forex trading terms and phrases plus an overview of all that you’ve learned in the previous seven videos.

To take advantage of these great Forex training videos from 4XP visit www.4xp.com where you can open a new Forex trading account in minutes with one of the internet’s leading online Forex brokers.

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