Archive for November 18th, 2008

Over a trillion dollars per day is exchanged on the foreign currency market. The Forex market is used by smart traders for speculation, hedging and long-term profit taking. You can trade in the foreign currency market.

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Introduction: Getting Started In Forex

Keep those eggs out of the same basket There are two ways to look at asset allocation (the way you divide your investments) and diversification as it relates to the forex: Investing in multiple markets The first way to diversify is to make sure you are not exclusively invested in a single asset class.

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19. Portfolio management – Diversification

A technical indicator is applied to a chart and uses three pieces of information – time, price and volume, to give you insight into where a pair is headed.

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18. Technical Indicators

“I’ll turn this car around!” As you learned in the Continuation Patterns lesson, road trips are some of our favorite vacations. You jump in the car, head out on the open highway and soak in all of the scenery that you miss when you fly somewhere. Unfortunately, every road trip has to come to an end at some point, and you have to turn around and drive back home

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17. Reversal Patterns

Charting imitates life: Price Patterns and Road Trips Road trips are some of our favorite vacations. You jump in the car, head out on the open highway and soak in all of the scenery that you miss when you fly somewhere. Of course, every once in a while you have to interrupt your cruising to take a pit stop—to put some gas in your car and buy some snacks

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16. Continuation Patterns

Watch for red brake-lights Price patterns are a lot like the brake lights on the cars around you when you are driving in traffic. When you see the brake lights come on in the car in front of you, you know that the car is slowing down and that you need to slow down too unless you want to crash into it

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15. Price Patterns

You gotta love the trend Buyers and sellers are in a constant tug-o-war in the forex market.

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13. Support and Resistance

The news in the forex is mostly economic. Aside from central bankers, there are very few “personalities” that can move the market very much. Unlike the stock market, where each company represents a micro-economy, currency prices reflect the entire economy.

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11. The Calendar and Economic News

You can trade through a Forex Futures account or a Spot Forex Account You will see a lot of marketing materials out there explaining why the spot market is so much better and cheaper than the currency futures market, but how much of it is fact and how much is hype? What are the real differences between these two closely related markets? Is it really cheaper to trade spot forex?

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9. Forex Futures vs. Spot Forex Accounts

Focus on consistent, long-term growth. The Forex is not a get-rich quick market. At PFX, we are known for advocating longer-term trading strategies over shor-term trading

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8. Short Term vs. Long Term Trading