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Win Big Time In The Forex market With This Amazing Forex Strategy System II

Five Forex Trading Tips You MUST Know

by Tony

Know your forex trading market. Educate yourself about the currencies that you trade. The more you know about the country whose currency youre trading in the forex market, the more accurately youll be able to predict which way the money will move.

Pick a forex trading system - and stick with it. Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading.

Practice makes perfect - but its not the real world. Practice forex trading accounts are great for learning how a particular trading account works - but theyre not the real world. Many experienced traders recommend starting off with a mini forex account to minimize your losses while you get acclimated.

Keep your eye on the margin. Margin trading is a great way to lose a lot of money quickly. Stay away from forex margin trading until youre sure you know what youre doing.

The only win that counts in forex trading is the bottom line. In forex trading, the bottom line is how much money you made at the end of the day. Dont count won or lost trades - only dollars and cents.

Tony owns the www.live-forex-easy.com website. Please visit the site for more information about Swiss Forex Broker Marketiva.

Thoughts On Forex

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So you want to become a forex trader but aren't too sure where to begin to learning process. Well, you're in luck. In today's information age, the internet is an invaluable tool that can help you find just the type of forex trading training that you'll need to make it big in foreign currency trading.

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The Forex market is a nonstop cash market where currencies of nations are traded, typically via brokers called forex brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets while traders increase or decrease value of an investment upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events so it is also considered to be a highly volatile and fragile market too. Conditions of the Forex market never remain the same they changes every second.
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What is a myth: A myth is often thought to be a lesson in story form which has deep explanatory or symbolic resonance for preliterate cultures, who preserve and cherish the wisdom of their elders through oral traditions by the use of skilled story tellers.

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The Foreign Exchange Market (FOREX) fx is the largest financial market in the world. For the beginner forex currency trading has the highest liquidity in the financial market with daily volume in excess of $1.95 trillion. The forex currency trading market is more than three times the total of the stocks and futures markets combined.
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Some Learn Forex Stories

European Mid Morning Update 7th April 2008

Mon, 07 Apr 2008 03:57:04 -0400
Dollar starts what may be a quiet week on the firm side

Releases from Europe:

March Forecast Actual
Swiss Unemployment Rate 2.6% 2.6%

February
French Trade Balance EUR -3.7bn -2.765bn

Early European data is fairly neutral with Swiss unemployment in line with forecasts and the French trade deficit slightly better than forecast in February. No one is going to get too excited about that, although the figures do impress given the rest of the numbers have been showing a softening. However, the outlook is still soft for export demand and this is worsened by the high level of the Euro.

Otherwise the morning has been quiet with just one other statement from Oman which has confirmed that there are no plans to move away from the Dollar peg. This follows a similar pledge by the UAE and should go a long way to calming any nerves that further Dollar sales will not be triggered by such an event.

The following economic releases are due today:

February
German Industrial Production (MoM) - 0.4%
German Industrial Production (YoY) +5.3%
U.S. Consumer Credit USD 5.5bn

April
Euro-zone Sentix Investor Confidence +0.2

The U.S. Dollar has been firm in Asian trading which is in stark contrast to the poor employment data on Friday. It does come as a bit of a surprise and pushing key resistance levels at 103.57-86 Yen, 1.5620-40 Euro, 1.0169-17 Swissie and 1.9755-87 are broken the downside probably still has more legs.

Still, market sentiment is nowhere close to the frenzied level of a month ago with the balance of risk between the States and Europe being reevaluated.

The IMF’s Stauss-Kahn was speaking to the Financial Times saying that the need for public intervention is becoming a requirement and dismissed the European’s notion that the credit crisis is a U.S. problem. In addition he also cast doubt on the notion that globalization has allowed a decoupling from the dependence on the United States. He emphasized that this is a global problem and will affect developing countries such as China and India also.

He pushed a global push in tackling the housing and credit problems directly while suggesting that public funds be used to buffer bank’s capital buffers.

The economic release calendar is fairly sparse this week with the market retaining focus on Thursday’s rate decisions from the BOE and ECB followed by the G7 meeting on Friday. This could keep trading subdued although the Dollar may still come under a degree of pressure. However, if seen there does seem limited room for follow-through to new lows.

Note important support and resistance areas:

USDJPY EURUSD USDCHF GBPUSD
Res: 103.57-86 1.5810-57 1.0331-52 2.0030-47
Res: 102.61-93 1.5700-40 1.0169-17 1.9910-55

Spt: 101.70-06 1.5620-41 1.0120-30 1.9757-88
Spt: 100.87-29 1.5510-48 1.0030-51 1.9695-27