Saturday, February 12, 2011

The Insider's Guide to Forex Trading

The Insider's Guide to Forex TradingThis a DVD with a 82 page online manual included. Kathy Lien, Chief Currency Strategist at Forex Capital Markets, walk you through the advantages this growing market brings and arm you with her years of expertise and successful strategies in this from-the-inside-out guide to forex trading. You will get direct access to the tactics that provide the greatest potential without paying the high price expensive research time and mistakes. Also, Lien outlines why short-term traders are well suited for the foreign exchange markets and how the data available for currencies makes it ideal for technical analysis. With thorough research and real-world approaches Lien shows you: -How forex can be traded for the long or short term and the advantages of both approaches, -Detailed explanations of what drives the trends in forex, -The fundamental elements that influence forex and how to interpret them, -Trading tactics unique to currencies that you can use to boost your trading portfolio, -The four key rules to winning in forex. See the advantages for yourself and get tactics you can use to limit your risk and protect your trading profits. Don't go into currencies without the insight and perspective of an expert. From the return boosting advantage of interest paid out on currencies to the flexibility 24/7 markets offer, you'll be ready to use the tactics, tools and experience in this course to tap into the huge potential forex trading offers.

Price: $99.00


Click here to buy from Amazon

Thursday, February 3, 2011

USDJPY rose an early high at 81.59

EURUSD

EURUSD opened at 1.3830 this morning supported from the optimistic outlook of the European markets. The high was at 1.3860 creating a resistance which can lead to the 1.3960 level which is the 200 day Moving Average, Support levels at 1.3800 and 1.3700. European debt crisis concerns have dimmed and the are even expectations for hawkish interest rates by the European Central Bank. Trading volumes are expected to remain low due the Lunar New Year in China.  No important new from the Eurozone later on today.

USDJPY

USDJPY rose an early high at 81.59 trading on a small range between 81.37 and 81.59 due the Lunar Year. The resistance level is at 82.00 with the next step at 83.00 while the support remains at 81.30 after yesterdays downtrend. No important news today in Japan.

GBPUSD

GBPUSD rose on a 10 week high during this morning at 1.6177 with the resistance at 1.6270. Support levels at 1.6100 and 1.6000. Low volatility is expected in the market due to the Chinese Luna Year. Construction PMI results to be announced at 09:30 GMT with some investors being interested at the 13:15 ADP Non-Farm Employment Change in the US. All attention to tomorrow’s Services PMI results at 09:30 GMT.


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