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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
Get all the information you need for the Easter trading schedule here.
It is obvious to anyone who follows Forex rates that the Chinese currency is pretty much in lock-step with the value of the US Dollar.
The Japanese Yen remained close to a 1-week trough versus its U.S. counterpart after easing overnight in the wake of a global equities rally which reduced overall appetite for safe haven assets.
Retail sales are a key component of a nation’s economic indicators. It is reckoned that domestic consumption accounts for something like 70% of US economic output, so retail sales is an important part of the picture.
Earlier in the Asian trading session, jittery investors had moved well away from commodity-linked currencies as investors awaited the release of several data pieces out of China which would hopefully provide additional clues as to the Chinese economic recovery.
Recent Forex News
EUR/USD: Bearish Pattern Projects Possible Near-Term Top at 1.3860, 1.3680
Since reaching a nadir below 1.3800 on Tuesday, the EUR/USD has stubbornly rallied back to the week's highs as traders try to "call the bluff" of the ECB. As my colleague Kathleen Brooks outlined earlier today, the ECB has grown increasing vocal about the euro's rise, arguing that the strong
Technical Update - AUDUSD, NZDUSD, USDCHF
On Wednesday, the US Dollar registered minor gains against NZD and CHF as the US industrial production grew more than expected by market participants. The US Dollar, however, gave up its early gains against AUD and closed with marginal loss. Conversely on Thursday, the US Dollar is trading with some
S&P 500: Will Today's Earnings Results Help Sustain the Rally?
The markets are very quiet today with European indices posting small losses across the board and US index futures trading flat. Many investors are away on Easter holiday while the economic calendar is light, with virtually no European data on the agenda. However there are a couple of macro pointers
Gold And Silver - Technical Outlook
After touching a three-week high of $1330.90 on Monday, Gold dropped sharply to $1286 on Tuesday, testing an ascending trend-line support extending from lows touched on Jan. 30-31 through April 01 low. The yellow metal, however managed to hold 200-day SMA and $1300 psychological support on closing basis. Also on
Dollar/Yen Hurt By Yellen's Low Rate Comments
On Wednesday Dollar/Yen increased with 55 pips. The currency couple appreciated from 101.79 to 102.37 yesterday, not matching the negative money flow sentiment at nearly -12%, closing the day at 102.21. This morning the Dollar is trading quietly against the Yen, with movements at the lower half of yesterday's range for now.
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USD/JPY - Muted Response to Sharp Unemployment Claims
The Japanese yen is trading quietly in Thursday trading, as USD/JPY trades slightly above the 102 level. In economic news, US Unemployment Claims were solid and easily surpassed expectations. In Japan, BOJ Governor Haruhiko Kuroda spoke at an event in Tokyo. Consumer Confidence continues to drop and Tertiary Industry Activity
Canada's Headline Inflation Rate Rose More than Expected in March; Core Rate ...
The unadjusted all-items Canadian consumer price index (CPI) index rose 0.6% in March 2014 following the 0.8% gain in February. The year-over-year rate rebounded to 1.5% from 1.1% in February and matched January's pace. The Bank of Canada's core measure rose as expected by 0.3%, and the year-over-year rate inched
US Initial Jobless Claims Rose Less than Expected in Latest Week
US initial claims inched upward by just 2,000 to 304,000 for the week ending April 12, 2014 to retrace little of a 30,000 drop to a revised 302,000 (was 300,000) for the previous week. The four-week moving average of initial claims, which helps smooth out some of the weekly volatility in
Gold Trading At $1300 As Unemployment Claims Shine
Gold prices are steady on Thursday, as the spot price is just above the key $1300 level late in the European session. In economic news, US Unemployment Claims were steady and beat the estimate. Later in the day, we'll get a look at another key event, with the release of
EUR/USD - Euro Gains After Yellen Comments
EUR/USD remains at high levels on Thursday, as the pair trades in the mid-1.38 range in the European session. The dollar is broadly lower following comments by Fed chair Janet Yellen on Wednesday. In the Eurozone there is just one release. German PPI posted a small decline, as Eurozone inflation
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