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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

Wednesday 17 April 2013

22:49       No comments

Forex Trading Signals for 18th April 2013




                                                                                


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


For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 


EUR/USD
Down Trend : SELL

(1) SELL
E/P: 1.30705
T/P: 1.30400
S/L: 1.31000

(2) BUY
E/P: 1.30431
T/P: 1.30700
S/L: 1.30000

 
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GBP/USD
Down Trend: SELL

(1) SELL
E/P: 1.52716
T/P: 1.52500
S/L: 1.53000

(2) BUY
E/P: 1.52464
T/P: 1.52700
S/L: 1.52000

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10:44       1 comment

Forex - Pound extends losses vs. dollar

The pound extended losses against the dollar on Wednesday, falling to more than one-week lows after unexpectedly weak U.K. jobs data, while Bank of England minutes showed that policymakers remain divided over easing.

GBP/USD hit 1.5234 during European afternoon trade, the pair’s lowest since April 5; the pair subsequently consolidated at 1.5235, dropping 0.82%.

Cable was likely to find support at 1.5177, the low of April 1 and resistance at 1.5371, the session high.

The Office for National Statistics said the U.K. unemployment rate unexpectedly rose to 7.9% last month, from 7.8% in February. Analysts had expected the unemployment rate to remain unchanged.

Average U.K. earnings rose by a seasonally adjusted 0.8% year-on-year in the three months to February, below expectations for a 1.2% increase.

The number of people seeking unemployment benefits fell by a seasonally adjusted 7,000 in March, compared to expectations for an increase of 500.

Meanwhile, the minutes of the BoE’s April meeting showed that policymakers remained split over monetary policy. 

Outgoing Governor Mervyn King and two other policymakers backed further monetary easing, while six voted against. The vote to leave interest rates unchanged at 0.5% was unanimous.

Sterling was lower against the euro, with EUR/GBP rising 0.44% to 0.8612.

The U.S. was to release official data on crude oil stockpiles later in the day, while the Federal Reserve was to produce its beige book.

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