Forex book

Fundamental Analysis & Technical Analysis

Fundamental Analysis is a fundamental analysis with attention to the factors that affect economy of a country. Prediction of emphasis to the movement of prices and market trends to find out the economic indicators, government policy, and other factors that affect a country's economic resilience.
Main indicators to know the views of economic fundamentals of a country:
  1. Gross National Product (GNP) = Gross National Income (GNI) is the total number of goods and services produced by residents of the country, both based in country and abroad.
  2. Gross Domestic Product (GDP) = Gross Domestic Income (GDP) is the total number of goods and services produced by a country, either by the company in the country and foreign companies operating in the country.
  3. Inflation = Inflation is peningkatantingkat prices in general in an economy caused by (a) the excess demand or (b) the increased cost of input factors.
  4. Balance of Payment (BOP) = International Balance of Payment is a record of all international economic transactions that includes trade, financial and monetary between population of a country with other countries for a period.
  5. Interest Rate = Interest Level nominally a country that rose higher than the state lain akan make capitalist / speculator interested to invest their funds in the eye currency countries.

In addition to indicators on the top, there are many economic indicators that affect the price movement of currencies in the forex market, for example: Employment Cost Index, New Home Sales, Personal Income and Personal Consumption, Producer Price Index, Unemployment Rate, dll. How to control the influence of changes in indicators at the top of the movement prices in the money market, you have learned in various books on the economy or any sites that discuss the problem.
In addition to indicators on the top, there are many economic indicators that affect the price movement of currencies in the forex market, for example: Employment Cost Index, New Home Sales, Personal Income and Personal Consumption, Producer Price Index, Unemployment Rate, dll. How to control the influence of changes in indicators at the top of the movement prices in the money market, you have learned in various books on the economy or any sites that discuss the problem.

Technical Analysis Analysis of technical analysis is used to predict the price trend akan datang using graphs and the mathematical calculation. Assumption of technical analysis holds that:
  1. price that the market is a reflection of all factors in the market.
  2. Behavior of the investors in the past that happened repeatedly in can be used as reference to predict trends in incidence in the future.
  3. Not only the price movement may occur randomly and can not be predicted because movement of prices following the trend.
  4. Prices will move in a direction (trend) and will continue for some time before the turn direction.
The types of charts used for technical analysis:

1st Bar Chart, the chart in the vertical beam that the highest price (the highest price) and the lowest price (the lowest price). Between the highest price and the price the lowest, there are the establishment of the price (opening price) that is located on the left side and the price closing (closing price) that is located on the right.

2. Candlestick Chart, (similar to a bar chart) chart-shaped beam is perpendicular display of price, closing price, highest price and lowest price. Chandlestick charts more emphasis on the relationship between the price of the price closure. Pattern made by using Candlestick Charts:
  • Bullish patterns, occur when prices are near the opening price and the lowest price closure is located near the highest price. Beam color = green / white
  • Bearish patterns, occur when the opening price was near the highest price and the price closure is located near the lowest price. Beam color = red / black
3rd Point and Figure Chart, a graph formed by a combination of "X" and "O" that describes the increase (increase) and poenurunan (decline) rates. "X" indicates the purchase of (the increase price) because demand exceeds supply and the "O" shows the sales (a decrease price) because demand exceeds supply.


While quantitative models are widely used for technical analysis is:
  1. Moving Average (MA)
  2. Bollinger Bands
  3. Relative Strength Index (RSI)
  4. Stochastic
About this, you can learn through books about forex trading site or through - site that provides this information.
At the bottom of this site, you can find books and site address that decompose more about it.
Get more source of information and your knowledge!
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Understanding Foreign Exchange (forex)

Understanding Foreign Exchange (forex) or the Forex (foreign Exchange)

Foreign exchange is also called normal or with other words such as foreign exchange, foreign exchange, forex or also FX is the currency in a country spend by overseas as a means of payment valid in the country
Other than money used as legal means of payment, also developed into a commodity can be traded. Own foreign exchange market experienced a rapid growth in the early decade of 70's. As for the cause foreign exchange market grew rapidly among others is:
  1. Foreign exchange rate movements in the movement so that a significant interest to some circles to a splash in the foreign exchange market.
  2. Business of the mengglobal. Sengitnya competition with the business to make companies must find new sources of power that is cheaper, and spread around the world giving rise to demand for the currency of a particular country.
  3. The development of telecommunications as a means of quickly with the phone, Telex, fax, Internet, has provided convenience to the market actors to communicate so that transactions more easily done.
  4. Benefits that accrue in the foreign exchange market that tends to increase the willingness of various parties try to get the gain (profit) from foreign currency exchange rate movements.
FOREX (Foreign Exchange) or better known as the forex (Foreign Exchange) is a type of trade / trade transactions of a country's currency against currency other countries that involve the markets the world's major money for 24 hours in the ongoing.

Forex market rotary movement from the market Australia & New Zealand is in progress pukul 05.00-14.00 WIB, continue to market, namely Japan & Asia Singapore is in progress at 07.00-16.00 WIB, to European markets, namely Germany & the UK that took place at 13.00 - 22.00, to the American market that takes place at 20.30-03.30 WIB. Deep development of the history, central banks belonging to countries with reserves of foreign currency even the biggest can be defeated by the strength of the market forex (foreign exchange) are free.

Foreign exchange rate movements that change from second to second is influenced by the law supply (offer) and demand (demand) that always involve a variety of market have different interests. The market are:

1st Central Bank. A country's central bank (Bank Indonesia, such as in Indonesia) concerned of the forex market with the goal to stabilize the position of exchange countries is known as the intervention activities.

2nd Company. To improve the competitiveness and the cost of production companies are always make the exploration of various resources - resources that new and more cheap. Bisanya we call this activity with the import. And the company also akan always conduct exploration activities to expand market distribution of goods and services that have been in production by the company that will ultimately arise income in other currencies. Usually we call this activity with the export. Due to the activities this is the import and export companies sometimes need a currency with a number of other countries large enough.

3rd Society or individual. Society or individual can conduct a transaction currency in foreign sebabkan by several factors. The first factor is the search for the source additional earnings, by utilizing the fluctuation of foreign exchange rate movements for gain. The second is the need for consumption at the time outside country. Examples are a family who have to travel abroad only a American countries. At the time they will perform the activities of consumption in the United States, they can not pay the dollar because the currency is valid in the United States dollar United States, so they would not want to exchange the money must first be United States dollars. Other example is a father who will finance the school in Australia then the father should be to exchange the money in the form of Australian Dollars to first.

4th General Bank. Bank general sale and purchase transactions to foreign exchange for various purposes between serve other customers who want to exchange money into other forms of currency, or to meet its obligations in the form of foreign exchange.

5th Broker / Dealer. Broker is a company which is the mediator of a currency transaction foreign. They help us to find buyer or seller.

6th Government. Government make foreign exchange transactions for various purposes, among others, pay foreign debts, receiving income from abroad that need to be change again into local currency.

Benefits play forex (forex trading) other than the business:
  1. There is always the buyer or seller so that we can get a profit through the two transactions direction (buy or sell).
  2. Market is open for 24 hours non-stop from Monday to Saturday.
  3. Capital is small, but they can deal in a large amount.
  4. Liquiditas a high level, you can take the money / profit you at any time.
  5. with advances in technology, you can become a professional trader without alias office work at home via the internet.
  6. Profit in currency Dollar.
  7. Can be run by anyone regardless of age, sex, etc..
What currency is sold only? All currencies of the world that has a high selling power. Example: EUR / USD: Euro against U.S. DOLLAR
GBP / USD: Pound sterling against U.S. DOLLAR
AUD / USD: Australian Dollar against U.S. DOLLAR
USD / JPY: U.S. DOLLAR against JAPANESE YEN
USD / CHF: U.S. DOLLAR against Swiss Franc
EUR / JPY : EURO against JAPANESE YEN

The simple, currency exchange rate can be defined as the difference between the value of the currency. Thus, exchange rates show a currency of a country if exchanged with the currency of other.

To make it easier to read when the exchange rate, there are two things you must remember that the currency is written The first is the base currency (base currency) and the currency is written both eyes currency benchmark (counter currency). Example USD / JPY means that the base currency = USD and JPY = counter currency.

On which the USD exchange rate as the base currency, if the increase occurred in the exchange rate, and give meaning that terapresiasi USD (Dollar menguat) and currencies such as JPY pembandingnya terdepresiasi (Yen weakened).

In forex transactions, the price of buying and selling price of a currency expressed in kuotasi bid (sell) / offer (buy). Bid price is the level where we can sell the base currency (and on the at the same purchase counter currency), while the offer price is the level where we can buy base currency (at the same time we sell the counter currency). This means purchase a forex akan followed by other foreign exchange sales. Hence it is said in the forex trading there are always sellers and buyers.

For example, the exchange rate of USD / CHF = 1.3154/1.3159 means that we can buy with 1 USD price of CHF 1.3159, or sell with the price of 1 USD CHF 1.3154. So if we buy USD we will automatically sell or CHF Swiss Franc (USD purchase using CHF = accept loss of CHF and USD). Similarly, if we sell the USD, we will automatically accept loss of CHF and USD.

If the exchange rate to be above the table, then there is always the difference between bid and offer rate is the value bid is always lower than the value offer. Difference between bid and offer spread is called. This difference can occurred because the bank or trader (forex trader) akan profit by selling foreign exchange with a higher price than the price when buying. The large spread between bid and offer are indicated by a point or pip. For USD / JPY, 1 pip is number two behind the comma (0.01), while for other foreign exchange rate is 1 pip four number behind the decimal comma (0.0001). As an example of the table in exchange for: EUR / USD: 1.1874/77 spread= 0.0003 (3 pip) USD / JPY: 118.59/63 spread= 0.04 (4 pip).
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Forex Broker

FREE $ 5 for beginners

Where do FOREX trading?
Before the company that provides forex trading services through the Internet, to to be a trader then we must follow a very strict selection. Earnings a trader who became a very big reason why the profession is the dream for many. But now that several companies with broker / dealers to open a forex online services through the Internet, professional trader can now be run by anyone and anywhere. Either companies that provide services to the world this is:

Marketiva CORPORATION
Rue du Simplon 37
CH-1006 Lausanne
Switzerland (Switzerland)
http://www.marketiva.com

In the Marketiva this company will partner you can be independent without a bond trader. You can be trading with their own capital or find investors for the agreement with the results.

Marketiva is a provider of online trading services from Switzerland, Europe. Service service is still relatively new but popular on the Internet quickly. Each member can be directly Trading with the capital to do early enough only $ 1. Even to begin, you will be the free capital of $ 5.

With the opening in Marketiva account, you will get a cash reward of U.S. $ 5 (real money) for free that can be directly used for trading. Once you get enough profit then you can withdraw it to your account, your e-gold. $ 8 fee charged for interesting (Withdraw) from Marketiva accoun to e-gold.

In addition to be $ 5 as the initial capital, you will also get virtual money of U.S. $ 10,000. This virtual money is a means for you to learn trading, because only a spoofery mock-money. This money is used for simulation so that your trading easier understand how to analyze price movements, how to sale and purchase (the transaction), read the chart, and all something associated with foreign exchange trading.

Once you feel confident then you can use $ 5 of money you have get free is to do live trading. As a Marketiva member, you will also get the trading software, the name Streamster TM the free. you can download Streamster TM shortly after you registered as a member. Note: To enable Streamster to be logged in, you are requested send a photo identity and full address (scan KTP / SIM and Accounts electricity / telephone / bank listed in your address). Because Marketiva is a company Legal and Professional, trying to protect you from it - it that are not in want.


It's funny, brokers these days seem to be like buses. You wait ages for a
new one, then two come along at once.
Not that long ago, we reviewed Easy Forex – a new kind of broker that
broke the mould by making it simple and quick to open an account. The fact you
could fund it with a credit card or PayPal was pretty radical.
Well what do you know – another broker is on the scene, also promising
quick sign up. And we're really excited about this one – because they're doing it
better! They're called Marketiva, and we've taken a closer look.

Trade For Free?
We thought that Easy's account opening minimum of $5 was pretty
impressive. Hard to beat, even. However, Marketiva have beaten it.
You can open an account with...absolutely nothing. In fact, when you sign
up for an account, they actually give you $5 credit.
Combined with their 1% margin, you can quite reasonably start live
trading with no money down. We can't think of another broker where that's
possible.
If you want to add funds to your account, you can do so by good old wire
transfer, as well as using eGold and eBullion, which is different. Alas, no PayPal
at this time.
Aside from the obvious advantage of being given free money in your new
account, the sign up procedure is really very quick indeed. It takes just a couple
of minutes to get your account up and running, and then you're ready to
download the software.

Gorgeous Platform

Forgive me if I get overexcited here, but the thing is, the trading software
supplied by Marketiva is...gorgeous!.I know that looks aren't everything, but well designed trading software
does make the job easier. Forex brokers (all brokers in fact) aren't exactly known
for producing very user friendly software, which makes this trading station all the
more surprising.

Rates and News: This is the market data area with live streaming quotes.
Marketiva's spreads are average, but nothing special. Between 3 – 5 pips seems
to be normal for most pairs. All of the usual currency pairs are available.
Clicking on the "Latest News" tab brings up a live news feed. You can
choose the type of news you want displayed here, with special features, technical
and fundamental analysis all offered along with the usual forex news.

Charting and Discussion: The charts are lovely and clear, but you can
only have one open at a time. Still, the platform makes it easy to create new
charts and save them along with your favourite indicators etc, and then switch
between them. You can choose time scales from 5 minutes to monthly, and all
the indicators and options we've come to expect are present.
Selecting the "Discussions" tab brings up an integrated Live Chat system
– a great idea – but perhaps a distraction for newbies. Still, being hidden in a tab,
you don't have to watch it. There are a ton of chat rooms available, including
local rooms for most countries. You shouldn't have any problem at all finding
someone to talk to who speaks your language - both literally and in the financial
sense! Technical and account support are also provided through the chat system.
Portfolio / Signals / Alerts: Here you can see your account balances. Hang on, did
I say balances in the plural? I certainly did – because Marketiva gives you a
Virtual $10,000 account to play with alongside your live account.
This is an excellent idea – there's no need to log into a separate demo
system to test out new strategies or paper trade ideas. You can trade live and
demo accounts at the same time!
The Signals tab in this quarter of the screen, is where you can get trading
signals from free and commercial systems. A couple of systems are available
free, and paid for ones can be added as well.
The Alerts tab brings up market news items. Very handy for trading the
news.

Order Management: The final quarter is where you place and manage
orders. Market, Stop and Limit orders are all supported, as are Good Till Date,
Good Till Cancelled, and Immediate orders.
Orders can also be entered by clicking on a live quote. The order ticket
allows you to select whether you want the order to be routed through your Live
account or the Virtual one. Finally the Account Center tab is where you can
deposit and withdraw funds.
The Forex Angels Say: With live and virtual trading in the same platform,
and free money credited to your account when you sign up, Marketiva has got an
outstanding offer. Their brilliantly integrated software makes getting started a
breeze. Everything you need is in one easy to use package. It's smooth, and it
works. We definitely recommend taking a look!

Open your account with marketiva
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5min Forex Trade Strategy

Works on All Time Frames and for all Pairs - Best used on 5Min/15min/ for short term Trades and 30min/1Hr/4hr/daily for Long term Trades

Indicators in use ( Metatrader 4 only ) :

Indicators used :

1. LaGuerre 1 ( for entry ) - Gamma 0.60, levels 0.15, 0.85,0.45 bars to read 9500 color Blue ( File name is Laguerre-ACS1.ex4 )
2. LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.15, 0.85, 0.45 bars to read 9500, color Red ( File name is Laguerre-ACS1.ex4 )
For the Lags Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator
3. Bollinger bands - 20, 0 and close ( default) ( This is very imp indicator as in uptrend the middle Bollinger acts as support and
in downtrend it acts as resistance )
4. EMA 200 ( Red ) and EMA 60 (Blue) to find support and resistance
5. Pivot Points : To Find daily Profit levels and as indication of expected Support / Resistance areas for the day.
6. MACD – Traditional – Setting of 12,20,9 – Crossover confirmation with Lags for entry and exit.
7. StochHistogram - an indicator which shows the overbought/oversold status of the market.. Use default settings of 14,3,3 .
Buy when the price crosses to positive. Sell when the price crosses down to negative. Green histogram means it's in an uptrend. Red
histogram means it's in a downtrend.

These are the only indicators I use and do not intend to add more, want to make it very simple and straight forward
method to use. You can use your favorite indicator to confirm the entry and exits.

download here
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FOREX CHART

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