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, 8 May 2013
JOINE THE FASTEST GROWING FOREX CONTEST ON THE GLOBE: WIN UP TO $4000
U.S stocks hit fresh highs on earnings, German data; Dow rises 0.32%
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.32% at 15,105.12, the S&P 500 index rose 0.41% to close at 1,632.68, while the Nasdaq Composite index rose 0.49% 3,413.27.
Germany's industrial output, which includes manufacturing, mining, electricity and gas concerns, shot up 1.2% in March, the largest increase in a year and defying expectations for a 0.1% decline.
February’s figure was revised up 0.6% from 0.5%.
The numbers bolstered hopes that the German economy, Europe's largest, may post better-than-expected growth rates for the first quarter.
During the October-December period of 2012, Germany's economy contracted by 0.5%.
Official data released on Tuesday revealed that German factory orders climbed 2.2% in March, defying expectations for a 0.5% decline.
The news bolstered prices on Wall Street as did solid quarterly earnings hitting the wire.
Whole Foods Market and Electronic Arts issued guidance numbers that beat analyst forecasts.
Elsewhere, Chinese imports and exports rose more than expected in April, which supported stock prices.
China's exports rose 14.7% year-on-year last month, while imports grew 16.8%, bringing the country’s trade surplus to USD18.6 billion for the month, well above expectations for a USD15.05 billion surplus.
Leading Dow Jones Industrial Average performers included UnitedHealth Group, up 3.31%, Hewlett-Packard, up 2.73%, and Alcoa, up 2.55%.
The Dow Jones Industrial Average's worst performers included McDonald's, down 1.32%, Pfizer, down 1.07%, and Microsoft, down 0.93%.
European indices, meanwhile, finished higher.
After the close of European trade, the EURO STOXX 50 rose 0.56%, France's CAC 40 rose 0.89%, while Germany's DAX 30 finished up 0.83%. Meanwhile, in the U.K. the FTSE 100 finished up 0.40%.
On Thursday, the U.S. is to publish the weekly government report on initial jobless claims.
Forex Trading Signal for 8 May 2013
Japan (Tokyo) United Kingdon (London) USA (New York)
For more easy access,,,,,,Download our mobile application on your mobile : Click Fxsignals
EUR/USD
NOTE: The above posted Signals are delayed 2 - 4 hours after it has been generated.
Daily forex signals are sent ontime to only our subcribers.
To subcribe: click here
Forex Trading Signal for 7 May 2013
Japan (Tokyo) United Kingdon (London) USA (New York)
For more easy access,,,,,,Download our mobile application on your mobile : Click Fxsignals
EUR/USD
NOTE: The above posted Signals are delayed 2 - 4 hours after it has been generated.
Daily forex signals are sent ontime to only our subcribers.
To subcribe: click here
Forex - Dollar dives on surging German industrial output data
In U.S. trading on Wednesday, EUR/USD was up 0.58% at 1.3156.
Germany's industrial output, which includes manufacturing, mining, electricity and gas concerns, shot up 1.2% in March, the largest increase in a year and defying expectations for a 0.1% decline.
February’s figure was revised up 0.6% from 0.5%.
The numbers bolstered hopes that the German economy, Europe's largest, may post better-than-expected growth rates for the first quarter.
During the October-December period of 2012, Germany's economy contracted by 0.5%.
Official data released on Tuesday revealed that German factory orders climbed 2.2% in March, defying expectations for a 0.5% decline.
The string of good news out of Germany put to rest recent concerns that the European Central Bank may trim benchmark borrowing costs.
The European Central Bank recently cut interest rates by 25 basis points to 0.50.
German data suppressed expectations for further ECB loosening, which allowed the single currency to gain and bring other higher-yielding currencies up with it, which came at the dollar's expense.
Rising stock prices on Wall Street enticed investors out of the greenback as well.
The greenback, meanwhile, was down against the pound, with GBP/USDtrading up 0.35% at 1.5538.
The dollar was down against the yen, with USD/JPY down 0.10% at 98.91, and down against the Swiss franc, with USD/CHF trading down 0.51% at 0.9354.
The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.11% at 1.0034, AUD/USD down 0.19% at 1.0165 and NZD/USD trading down 0.90% at 0.8382.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.46% at 81.98.
On Thursday, the U.S. is to publish the weekly government report on initial jobless claims.