Learn Forex. Educational resource for traders

ImageTIP: KEEP A TRADING JOURNAL. When you buy a stock, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.
9.WHEN IN DOUBT, STAY OUT. When you have doubt and not sure where the market or stock is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.

 
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Featured Articles

What Should You Ask Before You Invest?
How many times do we hear the warnings against persuasive sellers of unsuitable securities? This is a question I addressed in my book, Trust and Honesty, America’s Business Culture at a Crossroad:



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Automated Forex Trading Greatly Increases Trade Volumes
ImageImagine the next time you join a discussion about automated forex trading. When you start sharing the fascinating automated forex trading facts below, your friends will be absolutely amazed.
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Forex Latest News

  • EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.  Intraday: testing 0.8200 and holding above it makes us think that a rebound is underway up to 0.83 area. A break below this line would expose August lows in 0.8140s.
  • Although the single currency rebound to 0.8390 earlier this week to 0.8390 (we suggested to sell at 0.8400), euro ran into heavy selling pressure there (faltered just below the Ichimoku cloud top) and has retreated sharply this week, suggesting the rebound from 0.8143 has ended there and consolidation with downside

  • The GBP climbed to the highest level against the EUR since the last week. In the U.K. house prices unexpectedly rose and manufacturing grew the third month in a row. In July the U.K. output advanced 0.3 percent compared to June. The house prices climbed 0.2 percent in August. Forecasted
  • EURUSD Yesterday's failure to sustain break below trendline support at 1.2672, with 1.2658 low reached, triggered a correction higher to leave a lower top at 1.2762, ahead of fresh weakness. Market currently attempting through 1.2658 and clear break here to open 1.2625/1.2586, with extension to 1.2522 not ruled out. To
  • GBP/JPY's recovery was limited by 4 hours 55 EMA and retreats. Intraday bias remains neutral at this point and some more consolidations could still be seen. But after all, upside is expected to be limited below 131.64 resistance and bring another fall. Below 127.88 will target a retest on 126.73
  • EUR/JPY forms a temporary low at 105.79 and recovers. Intraday bias is turned neutral and some sideway trading might be seen. But upside should be limited below 109.53 resistance and bring another fall. Below 105.79 will target 105.42 and then medium term projection level at 103.45 next.
  • EURO: Euro gained yesterday against the USD following a strong bond auction in Portugal Ireland's decision to split Anglo Irish Bank into a funding bank and an asset recovery bank. It rose above 1.27 levels holding the 21 day EMA resistance(1.2770). Support is seen at 1.2653 levels. We maintain
  • Although the single currency recovered to 1.3164 last Friday, renewed selling interest emerged there and price has fallen again from there and broke recent low at 1.2850, our bearishness remains for medium term downtrend to extend weakness to indicated downside target at 1.2645-50 (61.8% projection of 1.5140-1.3073 measuring from 1.3925)

Learn Forex: Education

The Seven Most Traded Currencies in FOREX.
Currencies are traded in dollar amounts called “lots”. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called “High Leverage”.
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Forex Trading Indicators and the Ever Changing Market Conditions
Once you enter the Forex trading world you will immediately notice the need of using technical analysis in order to find trends when looking at the forex charts and also the importance of being aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups and downs in short periods of time, and it's, therefore, a place where technical analysis can be very effective.
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Quotes

 
  In an effort to help our customers trade more effectively, we have gathered resources from some of the leading experts in the forex market. From streaming live data, to fundamentals and technicals, articles and commentary, Global Forex Trading is providing another very useful tool for the FX trader.

   

    We encourage you to use these resources to help gain knowledge of the forex market. Check back often as the content in this area is always expanding and changing

 

 

 

 

Mutual Funds

fundsavvy.com guides you to find out best mutual fund to invest along with the classification
based on its functioning and type which they offer to investors.

Lates Forex Charts M15

Forex Chart uur/usd

Forex Chart uur/usd

Forex Chart uur/usd

 

Reports

  • GBP/JPY's recovery was limited by 4 hours 55 EMA and retreats. Intraday bias remains neutral at this point and some more consolidations could still be seen. But after all, upside is expected to be limited below 131.64 resistance and bring another fall. Below 127.88 will target a retest on 126.73
  • EUR/JPY forms a temporary low at 105.79 and recovers. Intraday bias is turned neutral and some sideway trading might be seen. But upside should be limited below 109.53 resistance and bring another fall. Below 105.79 will target 105.42 and then medium term projection level at 103.45 next.
  • Intraday bias in EUR/GBP remains on the downside with 0.8271 minor resistance intact. Current fall from 0.8389 is expected to continue to 0.8141 first. Break there will indicate that whole fall from 0.8530 has resumed for 0.8 psychological level. On the upside, above 0.8271 minor resistance will turn intraday bias neutral first.

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