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Develop a habit of reviewing and analyzing

Develop a habit of reviewing and analyzing your good and bad trades. Then you will have a much better sense of what will work best in your future trades.

Trading is always full of emotions

Because trading is always full of emotions, you must have a trading strategy which includes a set of rules you stick to. This will help protect you from yourself.

software which aims at predicting future trends

While there are a lot of companies who make money by selling software which aims at predicting future trends, the reality is that if this software really worked, these companies would not be giving the secret away.

Trade wisely

There are many beginners who make trades in any direction. While there is a possibility to make profits both on the upside and downside of a trade, trading in the direction of the trend will give you the best chances for success

Invest in a good Forex trading education

The market is always changing and it may be hard to understand and keep up with these changes unless you invest in a good Forex trading education

Tuesday, 5 February 2013

Forex - Dollar slips on euro's rally, news of narrowing U.S. deficits

The dollar traded mixed to lower against most other currencies on Tuesday after solid service-sector data in Europe sparked demand for the euro.

Elsewhere, estimates that the U.S. federal deficit will slip below USD1 trillion this year also pushed the greenback down as investor embraced risk.

In U.S. trading on Tuesday, EUR/USD was up 0.49% at 1.3580 after the Markit research group reported that the eurozone services purchasing managers’ index rose to 48.6 in January, beating market expectations for a reading of 48.3.

Elsewhere, the European Central Bank is scheduled to meet later this week to analyze policy, and expectations that monetary authorities will make no changes bolstered the euro even more and pushed the dollar down broadly.

Weak eurozone retail sales figures dampened spirits slightly earlier in the session, though investors quickly overlooked them.

Eurozone retail sales dropped 0.8% in December, worse than market calls for a 0.5% contraction.

Meanwhile in the U.S., the Congressional Budget Office reported earlier that the federal budget deficit should hit USD845 billion this year, the first time since President Barack Obama came to office that the figure didn't exceed USD1 trillion.

Also in the U.S., the Institute of Supply Management reported that its non-manufacturing purchasing managers' index fell to 55.2 in January from 55.7 in December, in line with expectations.

The greenback, meanwhile, was up against the pound, with GBP/USDtrading down 0.68% at 1.5656.

The dollar rose against the yen after Bank of Japan Governor Masaaki Shirakawa said he would step down three weeks ahead of schedule, withUSD/JPY trading up 1.27% at 93.55 and steady against the Swiss franc, with USD/CHF trading up 0.03% at 0.9086.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.25% at 0.9963, AUD/USD down 0.40% at 1.0396 and NZD/USD trading up 0.20% at 0.8448.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.01% at 79.59.

On Wednesday, the U.S. is to release government data on crude oil inventories.

Forex Trading Signals for 6th Feburary 2013


                                                                                
Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

BONANZA !!!   BONANZA !!!    BONANZA !!!    BONANZA !!! 
We are offering to the first 100 people who will subscribe for our Forex signals for one month
Subscription Price: N 5,500 naira,     $40
Bonanza closing date:  8th March 2013.
Click to subscribe

SELL on the market: GBP/USD

SELL : 
Entry Point : 1.56517
Take Profit:   1.56217
Stop Loss:    1.5700

 2nd,,

Sell on GBP/USD : 

Entry Point : 1.56932
Take Profit:   1.56217
Stop Loss:    1.57400

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
-->
We will BUY on the market: EUR/USD
BUY : 
Entry Point : 1.35838
Take Profit:   1.36200
Stop Loss:    1.35000

2nd  BUY on the market,,,

BUY: 
Entry Point : 1.35497
Take Profit:   1.3600
Stop Loss:   1.35000

OPEN A FOREX TRADING ACCOUNT AND WITHDRAW YOUR PROFIT INTO YOUR NIGERIAN BANK ACCOUNT (NAIRA ACCOUNT).



Wish you all a successful forex trading. Always remember to use your stop loss to avoid much loss on your trading account,,,

One Love Brothers
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HIGH RISK INVESTMENT WARNING: Trading foreign exchange, contracts for differences, or spread bets on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the forex market, you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. We provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. We recommends you seek advice from a separate financial advisor. 

Forex - EUR/USD hits 1-week low on Spain, Italy concerns

The euro fell to a one-week low against the dollar on Tuesday as renewed political tensions in Spain and Italy pushed the single currency further back from last week’s 14-month highs.

EUR/USD hit 1.3462 during late Asian trade, the pair’s lowest since January 29; the pair subsequently consolidated at 1.3472, shedding 0.30%.

The pair was likely to find support at 1.3348, the low of January 25 and resistance at 1.3519, the session high.

Fresh political uncertainty in Spain and Italy revived fears over the debt crisis in the region, pushing peripheral borrowing costs higher and undermining investor confidence in the single currency.

Spanish Prime Minister Mariano Rajoy faced calls to step down following allegations of corruption against him and senior officials in the ruling Popular Party, while uncertainty over the outcome of upcoming Italian elections mounted as former Prime Minister Silvio Berlusconi gained ground in opinion polls.

Investors were also cautious ahead of the outcome of the European Central Bank’s policy meeting on Thursday.

The euro was weaker against the yen, with EUR/JPY down 0.48% to 124.23 and slipped lower against the pound with EUR/GBP dipping 0.12% to 0.8562.

The euro zone was to produce official data on retail sales later Tuesday, while Spain and Italy were to release data on service sector activity. 

In the U.S. the Institute of Supply Management WAs to publish a report on  service sector activity.

OPEN A FOREX TRADING ACCOUNT AND WITHDRAW YOUR PROFIT INTO YOUR NIGERIAN BANK ACCOUNT (NAIRA ACCOUNT).