Blog Review at DailyForex
By Mike Conlon | November 2, 2009
I just wanted to take a moment to thank Hillel at DailyForex for taking the time to review my blog. I guess my Mom is not the only one who thinks I’m pretty great LOL! All kidding aside, you can read the review here.
One thing I did want to note about the review is that while I typically don’t offer tutorials on the blog for newbies, I do assume that my readers have a certain level of currency understanding and basic knowledge.
And that’s my role here at FXEDU. I am an instructor. It is my job to make sure that you, the reader, understand the currency market and are comfortable placing trades and participating in the largest financial market in the world.
It is my opinion that a little bit of knowledge can be dangerous in the “wrong” hands. And by wrong I mean “uneducated”.
It is very true that there is a lot of good, free information out there on the internet. But the problem for the novice trader is that it is very unorganized. Because of the nature of being new to something, one might not necessarily know what they should be looking for and could miss very basic, fundamental information that could be critical for their success.
And that’s what we do in our courses. I’m not here to act like some big-shot guru and promise you wild success and if you follow my methods that you’re going to be rich, etc. like you see out there on the internet.
What you’re going to get in our courses is a step by step plan that will take you from start to finish, and help you put together a trading plan that is right for you. The course is an online format, and you have access to our instructors 24-hours a day to ask as many questions as you like. So you can take the course on your own time, at your own pace. And its affordable. Only $100. If you are serious about getting started in forex, our course is the greatest value out there on the internet.
And it won’t cost you an arm and a leg. But it just might save you one. So what are you waiting for???
Get enrolled in a course today!!!
Click here to see all of courses.
Tags: article, blog, course, currenc, currency, currency market, education, financial, forex, forextrading, free, fundamental, fx, fxedu, Il, instruct, instructor, lot, Mike Conlon, news, time, trade, trader, trades
Topics: What To Look At In The Market | No Comments »
This indicator seems to think that the economy may be beginning to turn around.
By Sean Hyman | March 17, 2009
http://www.youtube.com/watch?v=XSVKZHsFkn0
Tags: 2009, blog, commodities, commodity, copper, currencies, currency, dollar, economic, economy, education, euro, forex, fxedu, instructor, invest, market, money, mywealth, oil, professor, Sean Hyman, stocks, trade, trader, trend, wealth
Topics: What To Look At In The Market | 2 Comments »
Update on the NZD/JPY Breakout Trade
By Sean Hyman | March 13, 2009
Back on March 11th, I gave a trade idea. You can see the link here: http://www.forextradingblog.com/what-is-going-on-in-the-market/two-long-term-potential-breakouts-about-to-happen/ that showed the NZD/JPY was likely to breakout soon. Well, that was back at 49.63. Now we are at 51.47 (up close to 200 pips) with more to go. Next target is 55 to 60 which we should see in the upcoming days to weeks. So get ready for more “kiwi” upside overall. Yes, there will be pull backs along the way, but overall we should be heading upward to these targets mentioned above.
Also, EUR/JPY is up about 130 pips from the chart snap shot in that article as well.
The initial thoughts for these trades were the recent diving fundamentals in
Spread the word to all of your trading buddies. Also, here’s the next steps to take:
Get your practice account by clicking on the “Practice Trading” tab above. This way you can have FREE, real time access to the currency market to see what it is like or click here:http://www.fxedu.com/practice-forex-account
If you want to learn more about this market, go here to get the most knowledge for the least expense and most convenience:http://www.mywealth.com/currency-trading.php
For those of you who are at the point to where you are ready for a live account, start with a micro or mini account here:https://secure2.fxcorporate.com/fxtr/?plugin=0&locale=en_US_FX_EDU_LLC
Sean Hyman
Tags: 2009, account, breakout, course, currencies, currency, demo, dollar, economic, education, EUR, EUR-JPY, euro, Europe, forex, fundamental, fx, idea, instructor, invest, investor, Japan, JPY, live, money, New Zealand, NZD, NZD-JPY, Sean Hyman, strategy, technical, trade, trader, trading, USD, wealth
Topics: What To Look At In The Market | 2 Comments »
U.S. Dollar Forecast
By Sean Hyman | March 6, 2009
Back in Feb. 18th, I released my U.S. dollar forecast article and You Tube video. Since I’ve cranked this blog back up, I wanted to run it on this blog in order to share those views with my viewers here.
That way you guys could consider these insights when you are doing your own research and analysis in the forex market.
The USD/JPY has already made quite a concerted move as I suspected it would.
Read on to see why I hold those views and what else may be in store for the remainder of 2009.
Also, check out my You Tube video on the subject as well.
Lately, I’ve been asked a lot about where I see the U.S. dollar going in 2009. So let address this for a moment.
Specifically, I think the dollar will gain against the Japanese yen (USD/JPY pair will rise) throughout 2009.
While formerly, the yen and dollar rose as the Dow crashed, you will notice that the yen is backing off quite a bit even as the Dow sits on its lows as of this writing. Yet the dollar still rises as the Dow falls.
Click on the chart below to enlarge it.
Therefore, I think for the dollar/yen pair, the bias will be in the favor of the dollar and against the yen overall throughout 2009 no matter what the stock market does from here.
HOWEVER, when it comes to how the dollar does against most other currencies such as the Euro, Australian dollar, etc. it will very much hinge on how stocks hold up.
If the Dow breaks to fresh lows and holds below them, then it is likely that the dollar will continue its strength against these foreign currencies BUT if the Dow and other U.S. indices halt their slide and head higher overall from here, then I think risk aversion dies down and that will hurt the U.S. dollar and cause foreign currencies to rise up against it once again.
So right now, I’m bullish on the USD/JPY pair and even bullish on gold. However, stocks are on the fence right now. They can’t stay there forever. So we’ll have a break one way or the other, sooner rather than later.
Once we get a decisive breakout, then we have our new found direction on the dollar. Therefore, my focus will remain on being long (buying) the USD/JPY pair until stocks get off the fence and make a distinctive move to either side. Once this happens, then the trend will be in place for the dollar for the remainder of the year minimally.
Get a demo here so you can see what I’m talking about. There you will have access to FREE, REAL TIME quotes and charts so you can get a feel for what I’m speaking about for yourself.
THEN…get an education in this market so you will feel comfortable investing in these currency pairs that have stabilized and even broken higher recently. After all, you need positions in your portfolio that are going up NOW in order to combat a slumping 401k, IRA or stock brokerage account. Time is of the essence. Don’t be paralyzed by fear and do nothing. Take charge of your future. Don’t wait on the government!
Get your online education started today by clicking here.
If you would like to see more of my You Tube videos then just click here and it will pull them up for you.
Tags: account, currencies, currency, currency pairs, demo, dollar, education, EUR, Euro, forex, forex market, forextrading, fx, fxedu, invest, jpy, stocks, U.S., USD, wealth, Yen
Topics: What To Look At In The Market | 2 Comments »
As you get ready for tomorrrow’s Non-Farm Payroll report, keep this in mind!
By Sean Hyman | March 5, 2009
If there’s one unfortunate trend that has persisted and been way too consistent, it’s the rise in Unemployment (Jobless) Claims in the
See the chart below. Click on it to enlarge it.
In a “normal market”, the increase in unemployment would kill the dollar. However, right now as unemployment claims rise around the world, money has run to the “safe haven” effect of the U.S. dollar.
That has produced the weird theme of “unemployment higher, dollar higher”.
If you’ve never seen how the EUR/USD, GBP/USD, etc. trade during NFPs, you owe it to yourself to open up a demo account and watch it and even trade it. Get your demo before the event here.
Remember that the NFP report comes out at 8:30 am EST on Friday. It will state the number of jobs gained or lost (in actual numbers, not percentages) and also what the unemployment rate is (percentage wise).
The latest assessment from economists have them expecting a loss of roughly 650,000 jobs and for the unemployment rate to further increase to 7.9% from its present 7.6% rate right now.
Tags: account, currency, demo, dollar, education, euro, forex, fx, fxedu, market, NFP, payrolls, pound, Sean Hyman, spot, U.S.
Topics: What To Look At In The Market | No Comments »
Heads Up! The U.S. Dollar Index hit a multi-year high today!
By Sean Hyman | March 2, 2009
Watch to see if the U.S. dollar index holds above its former highs. If this double top breaks and holds, then there’s an enormous chance that the EUR/USD pair breaks down and heads south far below the 1.2500 support level. Click on the chart below to see what I’m talking about. 
Want to learn more about the currency market and how you can profit in this market, as stocks are sliding off the cliff? If so, click here to get your currency education started (online for just $25): http://www.mywealth.com/currency-trading.php Also, get a free, real time demo account here where you can see how this market moves and place trades in this 24 hour a day market on demo servers YET on real time quotes and charts. With Real Estate and Stocks all but dead right now (and it looks like it’s going to be that way ofr a good while longer, with stocks hitting fresh lows today and home values still sliding off the map)…there’s no better time to learn about this recession proof market. There’s always something going up in the currency market. Get your free demo account here: http://www.fxedu.com/practice-forex-account Also, check out my You Tube videos, here: http://www.youtube.com/results?search_type=&search_query=sean+hyman&aq=f
Tags: account, currency, currency market, demo, dollar, dow, education, EUR, forex, forextrading, fx, fxedu, index, ssi, stocks, trade, trades, U.S., USD, wealth
Topics: What To Look At In The Market | 2 Comments »