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  • Opinions - Not Facts

    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.
  • End of the Year Blowout Sale!

    By Mike Conlon | December 28, 2009


    END OF THE YEAR BLOWOUT SALE!  OVER 55% OFF!


    As we come to the end of 2009, now is the time to look back and reflect upon this past year and to think about making changes going forward.  2009 was a “roller coaster” of a year for investors and many were left wondering what to do when the markets were collapsing and then missed the rally back.

    However, one group of investors was able to navigate the treacherous waters of 2009 with relative ease and was able to turn market panic into profits!   You may be asking yourself where these investors found these opportunities…..

    In the Currency Market!

    MAKE YOUR #1 NEW YEAR’S RESOLUTION TO GET EDUCATED!

    Did you know that the currency market is the largest financial market in the world with over $3 trillion traded every day and is 30 times larger than the daily trading volume of NYSE and NASDAQ put together?

     

    Did you know that trading currencies has become the hottest trend amongst retail investors with more than 150,000 new accounts opened each month?

     

    We want to help savvy investors who are looking for sound trading opportunities by offering them education, tools and resources to capitalize on this lucrative market. 

     

    We realize that many of our subscribers are novices to the currency market and that is why we are offering our subscribers from now until the end of 2009 our most complete and thorough currency trading program — ALL 3 COURSES — at over 55% off the regular price!

     

    The FXEDU currency trading course bundle, valued at $1397, can now be yours for only $625!

     

    That’s over 55% off the retail price!

     

    Our courses will teach you:

     

    1. Who and what moves the market
    2. How to read charts and profit from them
    3. How to spot trading opportunities
    4. How to effectively manage your risk
    5. Specific strategies designed to earn you profits
    6. Correlations between the markets
    7. And much, much more!

     

    You will have over 6 months to complete the courses and will have 24-hour/day access to our instructors and course materials for one full year to continue your training throughout the year!

     

    Don’t repeat the past mistakes of 2009 this year!   Make this year’s resolution one you will remember for the rest of your life! 

     

    To take advantage of our offer, click here.

     

     Have a Very Happy New Year!


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    Topics: What To Look At In The Market | No Comments »

    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.


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    Topics: What To Look At In The Market | No Comments »

    Massive sell signal on USD/CHF today!

    By Sean Hyman | May 28, 2009

    Want to go against the crowd? Traders are piling in long USD/CHF in a major way. The only problem? USD/CHF is in a downtrend. Therefore, these guys will either get stopped out (which causes selling pressure) or they will freak out and reverse their positions which also adds selling pressure. How do I know they are so “long” USD/CHF? Look at Dailyfx.com ’s SSI reading and you will see: http://www.dailyfx.com/docs_pdfs/research/FXCMSSSI05282009.pdfWant to take advantage of this? Then you can open up a demo account here: http://www.fxedu.com/practice-forex-accountOr a live account here: http://www.fxedu.com/live-forex-accountNeed to learn more about this market first? Go here (http://www.mywealth.com/currency-trading.php)to get started in an inexpensive online course that’s available 24 hours a day…no matter where in the world you’re at…you have live instructors there to answer your questions anytime 24 hours a day Sunday evening through Friday evening.   Sean Hyman

    www.forextradingblog.com 

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    Topics: What To Look At In The Market | No Comments »

    How much money should you start up an account with?

    By Sean Hyman | May 18, 2009

    I’m often asked the question in our courses….”How much money should I start my account with?” Good question. 

    Let me give my personal opinion on this.A micro account CAN be started with $25 and a standard mini account CAN be started with $2,000. However, the less you start with, the bigger percentage of your account that you have at risk generally. 

    So one way you can increase you chances of success is to have a well funded account. Let’s say that you have a 100 pip stop on one lot. That would be a $100 loss in the mini account and a $10 loss in the micro account. Let’s focus on the micro account, since that’s the best place for most beginning traders to start out anyway. 

    If I have a $25 micro account and lose $10…then I’ve lost 40% of the account balance. However, if that balance were $100, then I’ve lost 10% of my account balance. I’m much more able to recover from a 10% loss than a 40% loss. Emotionally speaking too…it’s easier to handle the loss of 10% than it is for 40%. Now, if I had an account balance of $200, then my loss would be 5%. 

    This is why I suggest people start micro accounts with at least $500 to $1,000 and start off trading only 1 micro lot at a time. In the end, you’ll be glad you started this way vs. starting with the minimum. Again, this is strictly my opinion as a trader and as an instructor. 

    Ultimately, it will be your decision as to what you feel is the most prudent thing to do for you. However, a lot of people don’t think about the impact of their “beginning balance” upon their trading and the likelihood of their success and that’s why I bring it up here. Happy trading!

     

    Sean Hyman

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    P.S. - Get your live micro account started, here: https://secure2.fxcorporate.com/fxtr/?plugin=0&locale=en_US_FX_EDU_LLC_MICRO 


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    Topics: What To Look At In The Market | 2 Comments »

    Obama: Stock Analyst turned Currency Analyst

    By Sean Hyman | March 25, 2009

    (Watch the Free Video Version of Today’s Blog) Evidently, Obama has more extensive resume than I previously thought. Heck, I just thought he was the President. Oh no! He doesn’t stop there.If fact, he’s one of the few Presidents in our nation’s history that is comfortable being a stock analyst. (He recently said stocks were a good buy back on March 3rd).But now his resume expands even further. That’s right! He’s not just President and “Stock Analyst” but he’s also a Currency Analyst too now.(Yeah, I guess CNBC just needs to give him his own show. In fact, we don’t even need economists anymore now that we’ve got Obama. We can save lots of money there by firing all of the economists that the government hires!)In last night’s address, Obama said that the “dollar is extraordinarily strong because investors are confident in the ability of the

    U.S. to lead a worldwide recovery”…and he went on to reject calls for a global currency.This latter comment was directed at

    China
    . You’ll remember that Geithner said that
     “Obama thinks China is a currency manipulator” (referring to their yuan)….that was Round 1 of Obama vs.

    China
    . Now we’re in Round 2.
    China’s calling for a “super reserve currency” as the Fed and Treasury stack on trillions of dollars in U.S. debt and prepare to buy $300 billion of long term

    U.S.
    treasuries, thus driving the yields down artificially low.
    Well, since China sees that we’re driving down the yield on the instrument that they hold the most of, and they see us stacking on debt and wonder if we have the ability to honor our obligations…can you blame them for considering the thought of “wanting another currency” that isn’t laden with debt as the “world’s reserve currency”?Don’t get me wrong…I’m a red blooded American and love the fact that we hold the spot in the world to where we are the world’s reserve currency. However, the latest moves from the Fed and Treasury are bent on debasing our currency and not strengthening it.So it’s a pathetic thing when Obama says our dollar is strong and gives that lame excuse of a reason when he knows that at the same time, the Fed and Treasury are about to make an “all out assault” on the dollar in order to artificially prop up stocks.But don’t just take my word for it. You see, he knows most Americans never look at a chart of the dollar. However, I’ve got one for you to look at below. 

    Am I Missing Something Here or Does this Look Like it’s weakening?!? (Click on the chart to enlarge it.)

     usdchf.JPG

    Hmmmm….Upon looking at the chart above, I think you can see why

    China is worried and why Obama isn’t as good of a currency analyst as he thinks he is.I see uptrend line after uptrend line broken (blue lines) and lower highs which shows less conviction in buying and more conviction in selling the dollar at this point. Amazingly, he’s probably “spouted off” just in time for a top to form!Many Obama should stick to his “day job” since it seems like it should keep him busy enough.——————————————————————————-(Chance to Win a Free Currency Investing Course by emailing me Your Answer. 3 Names will be Randomly Picked from the Pool of Names. So here’s your question: When do you think the

    U.S.
    economy will recover? A) 3 months  B) 6 months  C) 1 year  D) much longer than 1 year)
    ——————————————————————————- China may not get its wishes, but their comments certainly put “another dent” in the dollar! While I don’t think that

    China
    will get their wish for a new global reserve currency, I do see where they are coming from and feel their pain.
    Unfortunately, our country makes such bad decisions at the government level, that there will probably come a day where we “go the way of

    Rome
    ”. It is possible that we may see us lose the “world’s reserve currency” status in our lifetime.
    A country can never prosper long term by debasing its currency. And if you look at a 30 year chart of the dollar, you can only come to the conclusion that our government is bent on devaluing the dollar long term. This will only drive up inflation for “
    Main Street

    ” and eventually cause a lack of confidence in all of the foreigners that we are dependent upon to buy our debt (Treasuries).Once that implodes, we’re in big trouble! I only hope that comes later rather than sooner! Learn about currencies through our Currency Course, so that you don’t have to trust Presidents, Fed Chairmen, Treasury Secretaries or any other economist/analyst out there. Find out for yourself how they move and what moves them. Learn more about currencies, here through our $99 online course.Get your questions answered from LIVE instructors, 24 hours a day – each weekday…and if you don’t feel you got what you came for and if you aren’t satisfied, we have a money back guarantee. This way you have nothing to lose. So I’d encourage you to get started today. You’ll be up and running in this market in just 8-10 days! 

    Sean Hyman

    shyman@mywealth.com 

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    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


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    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

    Japan…but the breakout coming I saw from a technical perspective on their daily charts.

    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  


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    Topics: What To Look At In The Market | 2 Comments »