recent forex news

The spot forex is a support and resistance market. Whatever forex tools and forex indicators you are using to trade the spot forex market, the experience can be greatly enhanced by understanding near term forex support and resistance along with longer term forex support and resistance numbers for the currency pairs of interest. Every spot forex trader and the major forex trading institutions are watching critical areas of support and resistance on the various currency pairs. If any major currency pair breaks through a critical support or resistance number it makes news everywhere on the forex newswires and  on national and global news shows.

Support and resistance numbers on the forex are somewhat repetitive, the major support and resistance numbers on the forex tend to repeat themselves over time as the currency pairs range or trend up and down. Monitoring the critical areas of short term or long term support and resistance on the spot forex is easy using price alarms. You can use desktop alarms, alarms to wireless devices, or email alerts when prices are breached. Make sure your forex broker gives you the ability to set price alarms and alerts. They should also provide free forex price alarms or alerts on their forex trading platforms.

Forex price alarms can be used for the various needs of a forex trader. If a currency pair is currently trending price alarms can be used to notify a forex trader when the trend is resuming so you can intercept the price movement.  Another use of forex price alarms is to set price alarms at specific support or resistance prices where the indicators can be reevaluated for profit taking.  This assists with forex money management and on exiting forex trades. 

Another use of forex price alarms is for setting price alarms where double tops and double bottoms can occur, the double tops and double bottoms occur frequently on the spot forex and can represent entry points into complete currency pair reversals after large sell-offs or up cycles. Price alarms can also be set to alert a trader when a currency pair going in your favor so you can reset your stops up or down to improve your forex money management or entry management. Price alarms can also be set at the same price (execution price) of your partial limit orders or entry orders to notify the forex trader that an order was executed.

Also if a currency pair is not trending but trading in a narrow range a forex straddle alarm can be used to assist in to determining a breakout of the current price range. In conclusion the spot forex market knows where these critical short term and long term support and resistance numbers are, the other forex traders know where these numbers are, and the institutions also know, this means you should know too, don’t waste time staring at the forex all night. Monitor the market with forex price alarms and go on about your business, get a lot more sleep and still be in the know as to when your favorite currency pairs are moving.

The foreign exchange market or forex for short is a trillion dollar business that encompasses the trading of any and all the world's currencies. Individuals who trade in the forex market usually do so through a trained broker or other professional. You must be kept up to date on forex information in order to trade in the forex market. This not only includes such things as the value of a particular currency, but you must also be kept well informed of the world's economic, political, and environmental news. 

For example, unlike the stock market where you may have insider trading or secrets, there is very little of this in the forex marketplace. This is because the forex is a reactive marketplace that gets its strength from real cash flows and also the flow of the Gross Domestic Product (GDP), interest rates, budgets, and trade deficits. Many of these things, especially cash flows, can be a result of a natural disaster, gas prices, and can even be seasonal such as during December when people tend to spend more because they are purchasing Christmas presents. Therefore, since the forex is so reactive, no one can truly know what will happen in the forex marketplace, no matter how seasoned they have become at forex forecasting.

Of course, keeping up with the entire world's political, economic, and environmental news can be taxing since there are only so many hours in a day. You could attempt to keep up with this and other forex information on your own, but you would have to read a lot of newspapers and watch the news a lot. A simpler way to stay up to date on forex information is through websites that are devoted to forex information. There are a variety of forex information sites on the web, and your level of forex expertise will ultimately determine which forex information sites you visit.

When you are starting out in the forex marketplace, you should look for a site that provides forex information such as up-to-the minute headlines, as well as education tools. One of the best sites for forex information is Forex Knowledge.com (www.forexknowledge.com). Obviously, one of the draws to this site is the up-to-the-minute news and the excellent charts, but there is also a knowledge section that allows visitors to learn about the forex market, how to get started, history of the forex, and a forex introduction. Below the educational section, visitors will find information on the fundamentals of the forex market. 

This section contains information on the PIP, how to read prices, country currency codes, and there is even a glossary of forex terms. Visitors will also find forex trading tools that include articles on technical analysis, market awareness, and trading strategies. For the seasoned forex investor who only needs the up-to-date news, charts, and quotes, the website Forex Markets.com (www.forex-markets.com) will be useful. 

While the forex information found at this site will prove indispensable, the chat forum, where each day hundreds of messages are posted, will prove equally as useful. This allows users to not only obtain forex information from the website but also from colleagues. The forum is open to all users, and registration to use the service is free. Prior to participating in the chat forum, users must keep in mind that the chat forum is not a chat room and should not be treated as such.

Trading in the forex can be quite lucrative if you know and understand what you are trying to accomplish. No matter what your intentions are, forex information is vital to your success. If you are just getting started in the forex marketplace, it would be smart to take it slow and learn about the forex as well as how to interpret and apply forex information.

A few months ago the FX-BAR FREE Forex toolbar was launched and is already becoming very popular. What started as a search for better connection to the Forex market is now something that some Forex traders can not do without. I want to share with you the concept of the Forex toolbar, why it was created, and how exactly does it help with Forex trading. The reason why I've created the Forex toolbar in the first place was for convenience. As a Forex trader, I found myself looking for useful Forex related sites, jumping from one to the other, and trying to stay connected to the Forex market at all times. It's not easy. And as every Forex trader knows, the Forex market is FAST and BRUTAL, and you can't afford to skip a beat.

Another thing I found to be very stressful was trading alone. If you are not a veteran Forex trader and you don't have enough confidence, that alone can result in great losses. I personally think that 90% of Forex trading is psychological. If you have support and confidence you can make the right decision with a clear mindset and make most of your trades (no one is perfect…) to be successful ones. So there are two aspects that can really assist any Forex trader and make Forex trading much easier - Better connection to the Forex market and to Forex traders.

So how does the Forex toolbar help with these aspects? In the toolbar you can find live Forex quotes and Forex news that allow you to stay connected to the Forex market whenever you have a browser, any browser, open. You don't have to "live" in front of a Forex website any more in order to stay connected. The links to various Forex related sites such as Forex brokers, Forex Forums, Forex charts, etc, give you easy access to the Forex market.

Regarding the second aspect, I've added a chat and a RSS message board to the toolbar. The chat is for live discussions regarding Forex. It is very helpful to chat, before or while trading, with other Forex traders. The RSS message board is for posting questions or ideas and address all the forex traders who downloaded the toolbar. There are some other enhancements on the Forex toolbar that are not necessarily Forex related but can be very useful such as a Google search tab and an email notifier. The essential resources that the Forex toolbar provides really simplify Forex trading! I hope everyone will enjoy the Forex toolbar and will find it very useful.

And if you fail to pay them, they can freeze your bank accounts, assets and homes to collect the debt. This is how most of these brokers get rich at the expense of naïve beginners in online foreign currency trading.So, if you’re a beginner, avoid hiring money managers to trade for you at the beginning. Stay away from managed trading.Instead learn to trade and after you have made at least $500,000, contact us to give you the list of the best and honest money managers in the world (as well as the best forecasting services) who can trade for you and make you richer.

There is another fraud which some money managers perpetrate.After you open a paid online currency trading account and put in thousands of dollars in there for them to trade for you, they use your money to trade for themselves.Then they use a computer software to generate a fake forex trading account statement for your forex trading account which will show that you’ve lost money.There is no way most people will find out, because you can’t access their trading activities.

And sometimes even when you find a honest and reputable money manager to trade for you, when your account becomes profitable and you request to withdraw some of the money, they will begin to give you a run around, excuses and try to discourage you from withdrawing the money.If you persist, you’ll find out that suddenly your account will begin to lose money because they have softwares to manipulate it and generate dubious account statements to make seem as if you’ve been losing money!

Above all, most beginners in forex currency trading fail to earn money because they spend too much time in doing complicated forex mathematics, reading charts, listening to business news on radio, TV and reading too many forex newsletters and magazine articles, which are conflicting, confusing, time consuming and counter productive. They spend so much time over stuffing themselves with forex trading news and information that they become constipated with information and overwhelmed and so have little or no time to actually click their mouse to buy and sell the currencies and make money.

Most beginners also are unable to find and use a good currency trading system and software. Some of them are even conned into buying outrageously expensive trading softwares and system for $4000 from some companies who advertise on TV infomercials late at nights.They don’t know that they can get the same forex trading system and softwares for free online at the websites of some forex trading companies!

These $4000 softwares are not for beginners and when we checked them out, we found they are complicated and not easy to use.Infact after you manage to master how to use it, they will not help you to make more money!So, it is not wise squandering your hard earned $4000 to buy them.

If these over priced worthless forex trading softwares work as they are advertised in seminars and infomercial, the companies will not be selling them.Instead they will keep them secret and use them to make billions of dollars.If you wake up tomorrow and discover you have a goldmine underneath your house, will you go out and advertise in TV infomercials and radios and seminars to sell your house for $4000???

The truth is that most of these infomercial advertising forex companies don’t really trade currencies. They are just sales people. Shysters. Tricksters.They make their money by peddling worthless forex trading softwares to the naïve beginners for $4000.When you check one of these companies out (one of them has the audacity to call their worthless software “Forex Made Easy”), you’ll discover that the CEO of this company actually admitted that not only that he does NOT use his $4000 software to trade but he knows nothing about trading currencies!

He only lends his name to his company to use to market their worthless foreign currency trading software.The company’s pitchman who conducts the seminar is a sales man and he also doesn’t trade currencies because he had committed fraud in the past and was barred from trading commodities.While the CEO of the company runs infomercial and seminars peddling worthless forex trading software for $4000, he doesn’t use it and doesn’t trade currencies.Instead he hired a money manager who trades the currencies for him!

So, if you’re a beginner who desires to get rich fast from currency trading, you must know these insiders’ “SECRETS” of currency trading market and the pitfalls and how to avoid all the fraudulent companies peddling worthless forex trading e-books, books, softwares, systems and complicated trading strategies.There are millions of them.Beware because they are smooth operators who are very skilled in salesmanship and who can easily dazzle you with their big refined nonsensical English and so con you.

There are billions of dollars to be made in foreign currency trading and you can get abundantly rich trading these currencies online from home or office starting small.But you must locate and buy a valid foreign currency trading e-book guide.You must study it and understand it.You must try the free demo account trading and do well in it before you can open a paid forex trading account to actually begin making real money.You must begin by trading only one or two currencies at the beginning.

With time as you acquire more skills, you may trade more currencies.you must learn how to trade with discipline and learn the BEST DAYS AND HRS to trade to be profitable and the other times when YOU MUST NOT TRADE to avoid losing money.You must know how to “go long” or “short” on a currency, how to enter “Market Order”, “Limit Order”, “Stop Order”, “OCO order” and “Entry Order”.If you learn how to do Online currency trading hedging, it will help you to maximize your profits.You must be disciplined and avoid emotional currency trading.When you make a reasonable amount of money for the day, stop trading because you can’t be profitable at all times of the day and if you don’t stop and take your profit, you may end up losing all the money you made.

Above all don’t open a paid currency day trading account and trade until you have done the free trial demo account trading for a few months and mastered it.At the beginning, keep your trading strategies simple.Avoid complications and advanced trading strategies of technical and fundamental analysis because these are the reasons why 90% of beginners lose money.Use a simple trading strategy to get rich at the beginning.

Afterwards you may then take advanced forex trading courses and do technical, fundamental analysis and use forecasting services to make even more profits and get richer, making millions of dollars effortlessly.If you’re serious in learning all the insiders’ “SECRETS” about how to make millions of dollars trading foreign currencies online, without selling your soul to the devil and without losing your shirt, you must get our powerful currency trading e-book which reveals a very simple and yet profitable and powerful trading strategy which is guaranteed to make you $100,000 monthly for life from home or office.

You can learn to get rich from the jealously guarded foreign currency trading “SECRETS” of the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas.With the millions of dollars which you make from foreign currency trading, you’ll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!

The other half of the truth is that if you buy and study a good forex currency trading e-book guide or program and understand how it works, avoid the pitfalls and get to know the secrets of risk management and trade with discipline, you can get fabulously rich so fast it will make your head spin round and put the devil to shame.

This is why there is an organized campaign to discredit online currency trading. If you get rich so fast, then you’ll not need to depend on the “Money and Power” Elites and their jobs and welfare system where they allow you nickels and dimes to keep you subjugated. If you get rich too fast, they will no longer be able to manipulate you into voting and keeping them in power to continue milking your life by making you labor and work yourself to death making them rich. There are so many reasons why most beginners in foreign currency trading fail to earn money and instead lose all their savings.

When they first hear about how easy and fast it is making money from day trading currency, they search the internet and find a forex trading broker. Then they open a currency trading account and put in a few thousands of dollars in the online currency trading account and immediately begin to try to earn money from online currency trading. And they get entangled in all the foreign currency trading sophisticated strategies and systems of technical and fundamental analysis such as reading “Forex charts”, “Moving Averages”, “Elliot wave”, “Stochastics”, “Bollinger bands”, “Directional movement index”, “Trend and Oscillator indicators”, “Fibonacci retracements and others.

They spend all day and night listening to business news on radio, reading forex newsletters, forex articles in magazines and watching business news on TV These beginners don’t take their time to buy a valid online currency trading e-book guide to study and understand the forex market and the currency trading “SECRETS” before they begin trading.

They don’t open the free demo trial forex trading account to practice for free to develop viable profitable currency trading skills first before they open a paid forex trading account to begin trading and making real money. They make the fatal and dumb mistake of trying to fly in the world of foreign currency trading market before they learn how to crawl. So, they get confused, make grievous foreign currencies trading errors and lose their money. When they lose their money, they will not accept responsibility because that is the difficult part.

The easy thing to do is to blame their mistakes on online currency trading and to declare and gripe that it is risky and a scam designed to con the unsuspecting public. This gives them the justification to begin filing false complaints and instigating legal action with the lame excuse that they were naïve and didn’t know the risk involved and so have been ripped off. The truth is that there are at least one million people around the world who have foreign currency trading skills and do it well to make millions of dollars monthly!

Yes, sometimes they will lose.

But most of the time they are fabulously profitable. I once read about a taxi cab driver from New York who started trading foreign currencies about 10 yrs ago. While driving his taxi cab, occasionally during his lunch break, he will log into his forex trading account and enter a few currency trades. By the end of his driving day shift, he would check his online currency trading account and was always surprised to find that for a few minutes of trading currencies, he had made more money that day in minutes than he made driving the cab for a whole month.

This encouraged him to stop driving the taxi cab and to begin trading currencies full time. In 10 years, he made $4 billion dollars ($4,000,000,000) trading foreign currencies online and was listed in Forbes Magazine’s 400 richest Americans! He is just one out of the many average people all over the world who took the time to study online currency trading, understood it and trade it correctly and are making millions of dollars without any hard work.

You too can do the same. It is simple. If you can click your mouse once to buy the currency and in a few minutes click your mouse a second time to sell them, you can make money. It is a no brainer. Even a caveman can do it! So, foreign currency trading is not difficult to understand or to do like stock or bond or commodity trading.

If you know where to get a good and valid forex trading guide or e-book and be patient to spend 1 hr daily to study it to understand the foreign currency trading market, how to click your mouse to buy and sell the currency; and if you will be patient to do the free demo trial for a few months before you open a paid forex trading account to begin trading, you can get obscenely and insanely rich so fast, it will make your eyes want to pop out, seeing all the piles of cash you generate just by clicking your mouse twice for a few minutes daily!

One powerful secret that will help you as a beginner is to avoid hiring money managers at the beginning to trade currencies for you. The reason is that 90% of these money managers who advertise with highly impressive websites and brochures and also in TV infomercials and radios and seminars are fraudulent. When you hire them to trade for you, they will over trade your account (churning) so as to generate a lot of trading fees for themselves because whether they make money for you or not, you must pay them their fees.

The more they trade your account, the more fees they generate for themselves! By over trading your forex currency account, they expose it to massive risk which will eventually lead you to lose a lot of money. This is because there are certain days and times which are profitable to trade and there are some days and times which are not. Therefore by over trading (churning) your currency trading account, they get rich at your expense.

Plus, some of them will even use some profits they generated from trading your account to trade for themselves and make themselves rich without you knowing what is going on. As if that is not bad enough, some will entice you to trade on margin. This means that they will loan you money to trade. But the trick is that they are loaning you digital money which is created from the air and has no value. All they do is go to your account and enter any amount of money they wish to loan you. (They don’t actually put real money into your currency trading account!) This is not real money because it is just digital artificial numbers. But if you use this fake funny digital money to trade and lose, then you’ll owe them real money!

Foreign currency trading is the most profitable and powerful way to make money today in the world. It is a 2.5 trillion dollars daily global market and business. For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousands of years.

This is because it is the jealously guarded “SECRET” of how the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas make their money and get rich.

They create vast fortunes easily trading foreign currencies. Thereafter, using this great wealth, they create factories to manufacture consumer goods and products and hire you, Joe Bloke to work in those factories, banks and jobs at minimum wages. So, it is no wonder why they don’t want you to know about the REAL TRUTH and “SECRET” on how to generate great wealth through foreign currency trading.

If you know how to trade foreign currency and generate $100,000 monthly for life, will you be idiotic, naïve and crazy to go to work at these DEAD END jobs to earn minimum wages and be paid nickels and dimes? So, there has been a persistent organized campaign by the powers that be, the Money Elite to KEEP AWAY AND HIDE these “SECRETS” of creating vast wealth from foreign currency trading. That is why they are always floating false propaganda and negative campaign in the mass media that currency trading is risky and you should not do it because you’ll lose all your money.

If you go to your bank manager or money management advisor or investment management company and tell them that you wish to make money at home from online currency trading, they will scream at you and try to discourage you and frighten you with the false information and half truth that it is risky and that you’ll lose your money. This is because it is THE SECRET with which they make money and get rich!

Citibank alone makes $20 billion dollars trading currencies yearly. Most banks, including your bank trade currencies and it is among the major ways to create income. It is just that they don’t advertise this secret. George Soros, the King of forex trading makes billions of dollars yearly trading currencies! It is reported that a few years ago, he nearly caused the government of Thailand to go bankrupt because he made so much money trading their currency! Yes, foreign currency exchange trading or forex trading can be risky. It is true, you can lose your shirt and go bankrupt.