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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

Thursday, 11 April 2013

Forex Trading Signals for 12th April 2013




                                                                                


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


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EUR/USD
Up Trend : BUY

(1) BUY
E/P: 1.30978
T/P: 1.31100
S/L: 1.30600

(2) BUY
E/P: 1.31120
T/P: 1.31320
S/L: 1.30700

 
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GBP/USD
UP Trend: BUY

(1) BUY
E/P: 1.53753
T/P: 1.54000
S/L: 1.53400

(2) SELL
E/P: 1.53926
T/P: 1.53700
S/L: 1.54100

Forex - Euro higher vs. yen, dollar

The euro rose to more than three-year highs against the yen on Thursday and hit six-week highs against the dollar as radical monetary easing measures by the Bank of Japan bolstered demand for higher yielding assets.

EUR/JPY hit 130.82 during European afternoon trade, the pair’s highest since January 2009; the pair subsequently consolidated at 1.3132, gaining 0.22%.

The pair was likely to find support at 129.39, Wednesday’s low and resistance at 131.00.

BoJ Governor Haruhiko Kuroda said Wednesday that the bank was ready to extend its monetary stimulus program beyond two years if necessary in order to reach its 2% inflation target.

Italy saw borrowing costs fall at an auction of government debt on Thursday as Japan’s stimulus measures overshadowed concerns over ongoing political uncertainty in the euro zone’s third largest economy.

Market sentiment was also boosted after data showed that China saw a large increase in bank lending in March, adding to signs of an economic recovery, one day after trade data indicated that domestic demand remains strong.

The euro was also higher against the dollar, with EUR/USD rising 0.51% to 1.3136, the pair’s highest since February 28.

The U.S. was to publish the weekly government report on initial jobless claims and data on import prices later in the day.
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