FOREX explained (Part I)

The FOREX or Foreign Exchange market is the largest financial market in the world, growing every day with over $1.5 trillion changing hands on a daily basis. The Foreign Exchange market operates through an electronic network of banks without a physical location or main central exchange, while corporations and individuals trade one currency for another. There are some similarities between the stock market and the FOREX, but with a lot of differences such as higher liquidity than the stock market, and the fact that the Foreign Exchange market never closes and has no brick and mortar exchange.

The Foreign Exchange market doesn't have any time limits - it is open 24 hours, 7 days a week. New Zealand is the first to open at 8am (Sydney time) and then the cycle begins: Tokyo open at 10am Sydney time, European bond market open at 4pm Sydney time, European equity markets open at 5pm Sydney time, London open at 6 pm Sydney time, USA opens at 10:30 pm Sydney time.

The foreign currency exchange is all about money. Buying, selling and trading money from all over the world, anyone can use FOREX and with a probable chance of making profit. A broker can buy EUR when the EUR to USD ratio increases, then sell the EUR and buy back USD for a profit.

Technical analysis traders on FOREX have more than a few techniques and charts they utilize when attempting to predict the price movements by analysis of historical price activity.

Always remember, the foreign currency exchange is a very risky market - you can not lose more than your margin investment and the profit can be infinite but never risk more than you can afford to lose, as there are a lot of big "players" who won't shead a tear seeing you mortgage your house.

Mia Milis is an independent trader and provides financial advice regarding foreign exchange to several institutions as well as private individuals. Being an Internet enthusiast, she has taken up to provide advice through her brilliant articles, and in recent years has also founded http://www.theforexblogger.com in order to provide a platform online traders worldwide could share experiences through. To learn more about the FOREX market, visit Mia's website at http://www.theforexblogger.com.

Mia Milis is an independent trader and provides financial advice regarding foreign exchange to several institutions as well as private individuals. Being an Internet enthusiast, she has taken up to provide advice through her brilliant articles, and in recent years has also founded theforexblogger.com in order to provide a platform online traders worldwide could share experiences through. To learn more about the FOREX market, visit Mia's website.

FOREX explained (Part 2)

Hello,

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My friend, Gary Jezorski, made over $37,680 last year starting with only a $200 investment! That's impressive by any standard.

Now knowing me and the kind of company that I keep, you'll think that this guy gotta be a daytrading genius. :) Or at least very lucky. But the reason for his success is none of those things.

You see, Gary is one of a few savvy traders who are making a killing in the e-currency trading markets. (This is NOT Forex!) And he's doing this "hush-hush" and under the radar. Now he has decided to teach a few members from my list his secret step-by-step SYSTEM for a small fee and with a *110% Money-Back Guarantee*.

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I don't know how long he'll be offering his personal coaching service like this because as much as he loves teaching this system he could be raking in more dough by working the system instead. (Don't let him know I told you that though.)

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You've been warned .... Otherwise go here:

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============================================

When you get to know this SYSTEM you'll agree with me that only a Bank CD has less risk. And a CD is not as high-yielding. And talking about RISK when it comes to daytrading this certainly takes the cake.

So check out his training videos today and tell Gary that I sent you.

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If you've been with me for any length of time you know that I don't recommend junk to my list. Any program I recommend goes with my name and reputation attached to it.

For Bigger Returns!

-John

P.S. Frankly, I think that Gary is *crazy* to be willing to pay YOU to try his system. If you think that it's not for you, he not only will promptly return your money, but ADD an extra 10% just for trying. So you have NOTHING to lose for just taking a peek. I think that's more than fair.

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P.S. There's a lot more I could tell you but you'll be scared away thinking that it's just HYPE. Online "opportunities" are filled with enough hype already and I don't want to add to it. This may just be the financial breakthrough that you've been looking for ... and it's perfect for busy people with little time to spare.

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From a 100k+ 20 year old entrepreneur: "People are skeptical for you about get rich quick programs as they should be. But it is your optimism that will lead you to the diamond in the rough. Have you found a legitimate program yet? I have and I have proved everyone wrong about this sort of thing".

Choosing your own patch in the FOREX crossroad

Technical analysis traders on FOREX have more than a few techniques and charts they utilize when attempting to predict the price movements by analysis of historical price activity. The most common technique and also the simplest way for understanding the general idea is the "high-low breakout" technique. Any chart has sequence of bars that are either going up, down or sideways. Almost any given day's highs and lows are different from the ones of the day before or the day tomorrow. This means today's bar will make a higher "high" or a lower "low" compared to yesterday.

FOREX traders and investors find this information very powerful and are always trying to predict tomorrow's outcome. In order to foresee a trading opportunity one should find the average daily gap between the high of yesterday's high to the high of today's bar and the average daily distance between the low of yesterday's bar and the low of today's bar. If you want to try and do it yourself, start by tracking the highs and lows of each day. Then, deduct the high of today from yesterday's high and the low of today from yesterday low. When you have a decent amount of information (accumulated over a month or more) in a chart with five columns, date, open, high, low and close, you can calculate an average. After you have this data you can start calculate down today's high minus yesterday's high (TH-YH) and yesterday's low minus today's low (YL-TL). In the "TH-YH" column write an entry only if today's high is greater than yesterday's high and in the "YL-TL write an entry only if today's low is lower than yesterday's low.

Buy using this information you can predict tomorrows higher high and lower low and by that we can apply this knowledge to our FOREX trading. There are loads of ways to trade this setup (such as take this down to a 1 minute chart and scalp the market with a very tight stop). No matter how you choose to trade it, don't forget to take note of the previous day's high and low.

Mia Milis is an independent trader and provides financial advice regarding foreign exchange to several institutions as well as private individuals. Being an Internet enthusiast, she has taken up to provide advice through her brilliant articles, and in recent years has also founded theforexblogger.com in order to provide a platform online traders worldwide could share experiences through. To learn more about the FOREX market, visit Mia's website at http://www.theforexblogger.com.

 

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