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Forex Wizard - The World's Most Exciting Way To Trade!Forex wizard offers Forex pips strategy and Forex Trading (or foreign currency trading) in a fast-pace and its an exciting way to profit from moves in the world financial markets.
Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!
Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.
Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.
Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.
Forex Forums like Forex Factory and MoneyTec are great resources for beginners.
Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.
DailyForex Fundamental & News
There had been speculation in some quarters that the ECB might drop its interest rate even lower from its already historic low as a mechanism to inject a little inflation into the Eurozone economy.
The common currency Euro held close to Thursday’s 2-month peak versus its main rival, the U.S. Dollar, as FX players show their relief after Mario Draghi and the European Central Bank maintained the status quo on monetary policy.
In Asian trading today, the Euro was on the defensive as investors await the outcome of the European Central Bank’s monetary policy meeting later today.
When equity traders tire of the roller coaster ride their money is taking on the stock market, they look to precious metals as an alternative investment.
The fact that a meagre level of projected growth for the first quarter of this year of between 0.4 and 0.5% in the Eurozone would be the bloc’s best performance since June 2011 really tells the story of how deep the economic slump triggered by the Global Financial Crisis has been.
Recent Forex News
AUD/JPY Hits Intraday YTD Highs, but What Will Next Week Bring?
The AUD/JPY was one of the strongest performing currencies this week, with rates rallying over 440 pips from Monday's low to the post-NFP peak. This move was primarily by two developments: strong data out of Australia and growing risk appetite as geopolitical tensions showed signs of moderating. As we discussed
EURGBP - Broke above Falling Wedge Resistance at 0.8280
Key Technical Bullets: A Falling Wedge Pattern has been forming since the beginning of 4Q 2013 Found repeated support into the 61.8% retracement October 2012 high Falling wedge has formed in the face of weakening bearish momentum (RSI) Broke above wedge resistance around 0.8280 earlier today Daily RSI confirmed the falling wedge break Yesterday's daily
AUD/USD in Major Technical Breakthrough as We Await the NFP
The Aussie broke above a key resistance level on Thursday following the release of some cheerful trade and retail sales figures out of Australia. Overnight, the AUD/USD extended its gains as it found additional buoyancy from a slightly less dovish speech by the Reserve Bank of Australia Governor Glenn Stevens.
EURUSD Threatening 1.3892 2013 High
Today is a big day for the markets; the US NFP report will be released later at 13:30GMT. The expectations are 151K. Number above it will send the USD higher and EUR would reverse from resistance while figure around 130K or even lower with be ca catalyst for EURUSD move
Technical Analysis for Major Currencies
The pair moved to the upside yesterday and stabilized within the medium-term ascending channel that dominated trading since bottom 1.2756. Stabilizing above 1.3810 is positive and might extend the upside move. Breaching the previous top 1.3892 will gain the pair further bullish momentum.
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Weekly Economic and Financial Commentary
Data over the past week have provided further evidence that the economy has lost momentum since the start of the year, although activity has not fallen off the rails. Nearly all of the monthly data seem to have been affected in some way by the storms and prolonged cold that
The Weekly Bottom Line
Geopolitical tensions took center stage this week, as the crisis in Ukraine intensified with Russian forces taking control of Crimea a semi-autonomous region of Ukraine. The news raised fears of an outright military confrontation, causing a kneejerk reaction in global financial markets. Equities moved sharply lower and commodity prices
Is Risk Sentiment Back On?
Last week was full of extremes. At the start of the week escalating tensions between Russia and the Ukraine dominated sentiment. Risky assets sold off and stocks fell sharply. However, by Tuesday, when it looked like a violent outcome to the crisis was off the cards, the markets were able
EUR/NZD: Will RBNZ Trump ECB?
North American markets are excited this morning as the warm glow of an unexpectedly positive US employment report washed over the masses and supported the USD against most of her rivals. The closely watched Non-Farm Payroll report handed out a trio of positive revelations as the current data was positive
Week In FX Americas - US & Canada Jobs Data
NFP rose +175k last month, beating the street consensus of around +150k. It's undoubtedly a plus for Yellen and company a number that certainly supports her case to continue tapering asset purchases. Friday's headline print-beating consensus would suggest that the US economy has underlining strength despite the adverse weather
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