04-10-2009Early stop-loss hunting was the only notable activity in the Asian market Friday with much of the regional markets closed for holiday and with the European markets closed in the session ahead. USD-JPY pushed through stops at 100.58/60 in early Tokyo to trade to 100.72 highs and drift back as low as 100.22 on quick profit-taking. Similarly, the market went after EUR-USD stops under 1.3100 for a brief push to 1.3092 before a bounce back to 1.3133.
British Pound Testing Below Key Support Against US Dollar // 04-10-2009
All Eyes Point Toward Bank of England Language In Hours Before Meeting (Euro Open) // 04-09-2009Euro and Pound trading remained relatively flat in the hours prior to the rate announcement by the Bank of England. Despite expectations that the bank will keep the policy rate steady at 0.50%, investors will be looking for explicit language in the accompanying statement that indicates a policy shift towards that of the Federal Reserve’s massive $1.25 trillion quantitative easing program.
Friday, April 10, 2009
Partnership program
InstaForex Partnership program is a no-risk method of earning secure profit along with InstaForex. Forex-brokers earn on spreads, which clients pay when they open deals. You can earn part of the broker profits, if you become a partner and attract new clients.You can work by attracting clients, depending on your skills, and therefore you may choose one of three types of partnership program:- trader-partner- Webmaster-partner- Representative-partnerPartnership program general termsRegardless of the type of partnership chosen, you have access to the following:1) earning 1.5 point profit from the spread or 0.015% of the volume of each deal, depending on the account type. 2) a partnership link, which can be placed on a website or personal page 3) an opportunity to use any information from the InstaForex website and obtain advice on the running of the partnership program. Partnership program technologyThe idea of the partnership program is that any participant spreads information, one way or another, about the company to other people. When those people open accounts at the company, you earn profit with each deal made. There are two ways to record visitors. Either: - use a partnership link, where each visitor who links to us within a 6-month time period, automatically becomes your referral if an account is opened within that time period. - use a record system, where you’ll have to know the full name and trading account number of the client attracted. In order to turn the attracted client into a referral, you have to send an email to the following address, eng.partners@instaforex.com and mention the necessary information as well as give your partnership account number as well. Later you receive credit for the deals the client you attracted makes, as the trading account was opened through your partnership link. Partnership Program description typesTrader-partnerIf you are a real Forex market trader and would like to earn additional profit from the partnership program without any serious investment in that area, then this type of partnership is for you. You may spread information about the company among your friends and traders.It is not necessary to open each trading account using your partnership link, because you can use the record system to keep track of clients you attracted, just by keeping track of their full name, and account number. Webmaster-partnerIf you own website, a personal page, blog or any other web resource where you can display InstaForex company information or our website link, then you may become a participate in this type of partnership program. Regardless of how easy it is to use the record system for keeping track clients who open accounts, this type of partnership program implies that the main source of clients will be attracted through partnership resource links, which you place.Representative-partnerThis type or partnership program is for physical and legal parties in the American, Asian and Pasific regions, who are able to render representative services in their cities and towns. Representatives get significant interest rate from each deposit made to a trading account, which is made via their office/service, as their work includes not just work with clients, but also money transactions. Should you have significant interest in becoming a representative in the American, Asian and Pasific regions, then InstaForex guarantees an appreciable return for this type of partnership. Please send all questions dealing with participation in the partnership program to eng.partners@instaforex.com or to Yahoo messenger contact IFX.partners@yahoo.com
Trading Team
GAIN's market making desk is staffed 24-hours a day during trading hours with experienced former bank traders who are comfortable managing a high volume forex trading operation. Three shifts cover each major trading session - Tokyo, London and NY - and each shift is managed by one or more senior dealers with, on average, 15-20 years of FX market making experience at top tier Wall Street firms. Without a doubt, GAIN's success to date is in no small part due to the talent of our trading team. The desk's mandate is to make tight, aggressive markets and ensure quality execution for our customers. They are also charged with managing GAIN's risk and exposure as a market maker in the highly competitive and price sensitive Forex market. Clients with over $25,000 in account equity have the added benefit of direct access to GAIN's traders for market color and consultation. These same people are frequently asked to provide market commentary to such prestigious news organizations as Dow Jones, Wall Street Journal, Reuters, Associated Press, Bloomberg, CBS Marketwatch.
Timothy O'Sullivan, Chief DealerTim manages the day to day operation of GAIN's trading desk. With GAIN since its founding, Tim has 20 years of experience trading spot & forward FX in the Interbank market. Previously, Tim was director of the NY Sterling desk at Merrill Lynch. Hired in 1994 to establish a presence in Asian Exotic spot & forward currencies, Tim subsequently assumed responsibility for the EMS currencies desk. In 1997, he launched the Mexican Peso desk and provided liquidity to develop customer business. Tim started his career at Standard Chartered Bank, spanning an eight-year tenure that included running forward books in DEM, and trading spot Far East and exotic currencies.
Stephen Reilly, Senior TraderStephen's 20+ years of forex trading experience includes stints at several top brokerage houses. Prior to joining GAIN in 2000, Stephen managed the 14-person Euro desk at Tullett & Tokyo, the world's largest FX broker at that time. Before that, Stephen spent 10 years at Noonan Astley & Pearce as vice president of foreign exchange. Previously, Stephen traded at Harlow Meyer Savage, and started his FX career in 1982 at Lasser Marshall, leaving four years later at vice president of foreign exchange.
David Leaver, Senior TraderDave joined GAIN in 2001 from BankBoston, where he was the bank's primary EUR/USD dealer, handling both proprietary and customer business. Prior to that, he traded the majors and Euro crosses on the New York FX desk at Credit Commercial de France (CCF), which averaged $1B in daily turnover. Before that, he was at Fuji Bank in New York, trading on the USD/DEM desk. Dave started his FX career in 1991 at Exco Noonan, as a broker on the USD/DEM desk.
Brian Dolan, Chief Currency StrategistBrian is an 18 year veteran of the currency market, having worked as a senior trader and analyst at some of the world's leading international banks, including Dai-Ichi Kangyo, Credit Suisse and American Express. In addition to overseeing fundamental and technical research at GAIN, Brian publishes a daily technical analysis report and weekly macro research report for the exclusive use of GAIN Capital clients. Frequently sought after by the financial press for his insights into currency movements, Brian is a frequent guest on CNBC and Bloomberg TV. Brian has also published numerous articles on short-term trading strategies and risk management in journals such as Futures, Technical Analysis of Stocks & Commodities, and SFO. In the fall of 2007, Brian co-authored Currency Trading for Dummies, a sophisticated, educational resource for traders new to the Forex markets. Brian is a graduate of Dartmouth College.
Timothy O'Sullivan, Chief DealerTim manages the day to day operation of GAIN's trading desk. With GAIN since its founding, Tim has 20 years of experience trading spot & forward FX in the Interbank market. Previously, Tim was director of the NY Sterling desk at Merrill Lynch. Hired in 1994 to establish a presence in Asian Exotic spot & forward currencies, Tim subsequently assumed responsibility for the EMS currencies desk. In 1997, he launched the Mexican Peso desk and provided liquidity to develop customer business. Tim started his career at Standard Chartered Bank, spanning an eight-year tenure that included running forward books in DEM, and trading spot Far East and exotic currencies.
Stephen Reilly, Senior TraderStephen's 20+ years of forex trading experience includes stints at several top brokerage houses. Prior to joining GAIN in 2000, Stephen managed the 14-person Euro desk at Tullett & Tokyo, the world's largest FX broker at that time. Before that, Stephen spent 10 years at Noonan Astley & Pearce as vice president of foreign exchange. Previously, Stephen traded at Harlow Meyer Savage, and started his FX career in 1982 at Lasser Marshall, leaving four years later at vice president of foreign exchange.
David Leaver, Senior TraderDave joined GAIN in 2001 from BankBoston, where he was the bank's primary EUR/USD dealer, handling both proprietary and customer business. Prior to that, he traded the majors and Euro crosses on the New York FX desk at Credit Commercial de France (CCF), which averaged $1B in daily turnover. Before that, he was at Fuji Bank in New York, trading on the USD/DEM desk. Dave started his FX career in 1991 at Exco Noonan, as a broker on the USD/DEM desk.
Brian Dolan, Chief Currency StrategistBrian is an 18 year veteran of the currency market, having worked as a senior trader and analyst at some of the world's leading international banks, including Dai-Ichi Kangyo, Credit Suisse and American Express. In addition to overseeing fundamental and technical research at GAIN, Brian publishes a daily technical analysis report and weekly macro research report for the exclusive use of GAIN Capital clients. Frequently sought after by the financial press for his insights into currency movements, Brian is a frequent guest on CNBC and Bloomberg TV. Brian has also published numerous articles on short-term trading strategies and risk management in journals such as Futures, Technical Analysis of Stocks & Commodities, and SFO. In the fall of 2007, Brian co-authored Currency Trading for Dummies, a sophisticated, educational resource for traders new to the Forex markets. Brian is a graduate of Dartmouth College.
2009 Macro trading
Sentiment indicator analysis sometimes referred to as contrary opinion analysis is essentially the study of investor's attitudes toward the market. While sentiment analysis has many uses it is most often used to find turning points in the market and not the primary trend.
Just as there are short term and long term trend indicators there are also short and longer term sentiment indicators. Some of the better known indicators include the put/call ratio, the SP500 volatility index or VIX, and the Investors Intelligence polling data. While there are several more indicators that you can use these are some of the more popular ones.
If you are looking at the put/call ratio you are looking at the total put volume divided by the total call volume. The higher the number the closer we are to the bottom and the lower we are the closer we are to the top. When it is in between there is usually little if any significance.
The volatility index also known as the VIX tracks the implied volatility of the SP500. What this means is that the VIX is the markets forecast of the potential move expressed as a percentage. This is an annualized number so if it says thirty then it means the market should move thirty percent over the next year.
The standard way of using the VIX is the higher the VIX is the better the chance that we have hit a bottom, and the lower the reading the more complacent the market is and therefore we have a better chance at being at a top. Again using other indicators such as moving averages and Bollinger Bands can help when deciphering the VIX.
Another widely used sentiment indicator are the different investor polls. The longest running poll is the Investors Intelligence polls which have been continuously put out since the sixties.
Essentially sentiment indicators are useful to gauge the wrong way crowd. At extremes sentiment data can help you to find potential turning points in the market. And more importantly they can help you find hidden risks.
At this point we hope that you recognize the importance and usefulness of sentiment analysis. You can use this data across markets and it will help you make and preserve money.
Financial strategy
Developed by Robert Kiyosaki it travelled through the whole world and became popular with the most of fans. Financial games of such a type give the opportunity not only to get more knowledge as for peculiarities of the transactions connected with investments or other forms of their making but help the player to become familiar with some principles as for carrying his own business in a right way. Having become familiar with principles of the game, most of the players can use them in real life while forming their own company. This may be exactly the feature to attract the players of the whole world to this teaching programme.
The author of this programme is considered to be Robert Kiyosaki, a well-known entrepreneur who is also a successful investor. Besides of teaching game being issued by him, he gives the courses teaching all the volunteers to the basics of successful money earning. Among the financial books he published there are quite a lot of bestsellers.
To become acquainted with the game you can download Cashflow and install this game. Here several players can take part at once. You can compete as with computer as with the rivals of the net.
Game field consists of two circles: Rat Race and Fast Track. Each participant throws the dice in his turn and makes the move into the number of cells which were fallen. Among these cells happen to be as positive as negative events. Depending on this the player can incur losses or gain profit. The main point of the game is to get out of the first circle which is one the most difficult tasks.
While playing Cashflow you will learn how to form companies, how to fulfil successful re-sales of real estate, how to make investments in a right way and to keep record of assets and liabilities. The main task of the game is to teach the player to dispose of his finances which should be not only stored but should be invested giving to his owner unfavourable profit.
After having gained a little experience in the game you will start to use your finance correctly, start to open and liquidate credits and will get the information how to lead your own business.
Easy Trading
Pivot point in my own opinion represent the best and most reliable way to trade this market as it is only when price gets or come close to a pivot line that all professional traders in the world will be looking to take action. In my own opinion pivot point is the best trading style or strategy to trade the foreign exchange market profitably.So the question of all questions is when to buy and when to sell.
My answer is when you see price break through a pivot point going up for example only at that point should you wait for price to go back to the broken pivot point that was recently penetrated. Plus of course the secondary inputs of the other indicators to clarify and support your decision that you were right. Then if the other indicators confirm an upward continuation as in this example, then you will seek to enter as close to the pivot point that was penetrated as possible. Then take your profit by targeting the next pivot point in your calculated points, or you can move your stop loss to the next point to take more profit in the trade as it continues in your favor.
Foreign exchange trading can be very profitable and may mark the end of your 9 to 5 job with little time to spend in front of your computer. This is because if one is to consider the size of the market it will give a well trained and tutored trader the opportunity to make a huge profit, not to talk of the leverage the market gives you. Learn all you can and demo trade, before going live and you will surely quit your 9 to 5 job.
My answer is when you see price break through a pivot point going up for example only at that point should you wait for price to go back to the broken pivot point that was recently penetrated. Plus of course the secondary inputs of the other indicators to clarify and support your decision that you were right. Then if the other indicators confirm an upward continuation as in this example, then you will seek to enter as close to the pivot point that was penetrated as possible. Then take your profit by targeting the next pivot point in your calculated points, or you can move your stop loss to the next point to take more profit in the trade as it continues in your favor.
Foreign exchange trading can be very profitable and may mark the end of your 9 to 5 job with little time to spend in front of your computer. This is because if one is to consider the size of the market it will give a well trained and tutored trader the opportunity to make a huge profit, not to talk of the leverage the market gives you. Learn all you can and demo trade, before going live and you will surely quit your 9 to 5 job.
Automatic Forex Trading
An increasing number of people are being attracted by Forex trading rather than to the many other types of investment and it is easy to see why this is the case.The Forex market is the largest trading market in the world with a growing trading volume that has risen from in the region of $500 billion dollars in 1989 to $2 trillion today. It is also an amazingly liquid market that is not bound to any particular trading floor and operates around the clock across the world making it effectively a continuously open market. As one particular market closes another is opening for trading and you can follow the markets across the world as you trade and virtually eliminate the fact that your own home market is closed for the weekend.
As a result it is no wonder that Forex trading appeals to a wide variety of big and small traders each of whom enjoys a wide choice of trading strategies resulting from the myriad of factors that affect foreign currency rates. Indeed for many novice traders entering the market it is the many different things which affect foreign currency exchange rates that they find most attractive as it allow them to use a very large range of different tools when working in this amazingly exciting market.
Perhaps the largest influence today however on the future growth of the market and on its popularity lies in automation which has never been simpler to achieve and which brings with it many more advantages than disadvantages.
Automated Forex trading allows trades to be conducted in real time anywhere in the world and virtually eliminates the losses so often seen in manual systems that are operating operate in such a fast moving and volatile environment. Anybody who has traded with a manual system knows only too well the aggravation resulting from a row of trading losses caused by nothing more than a time delay in selling or buying.
Automated trading also brings with it the ability to trade in a number of different currency markets simultaneously without any regard for the time zones of the particular markets in question. If you are sitting in the US at 2 o'clock in the morning then automatic trading permits you to conduct business with traders on the other side of the globe in a variety of different countries all at the same time without any problem.
For many traders one difficulty is the management of risk and this risk is also reduced as we move towards automatic trading. Manual trading systems often leave traders anxious about whether or not payment will be made after the conclusion of a trade but because payments can now be synchronized in real time this is a lot less likely. Indeed, as automated trading systems continue to develop it is clear that settlement systems will also be developed and any risks will probably be almost eliminated in the near future.
Computer technology has advanced by leaps and bounds over the past few years and is going to continue to advance in the years ahead. More importantly, access to computer technology easily and inexpensively from the comfort of our own homes, or today even while we are traveling, means that we are now all able to manage our investments easily. For people working in the currency trading world automated currency trading will undountedly be a welcome addition to an already excellent form of investment.
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