Thursday, April 30, 2009

Why Learn Forex with Elliot Wave Technique.. as well Hedge Fund

Forex Currency trading has already at the largest and most liquid and will be most powerful market on the planet,
with average daily volume being 9-10 times larger than the combined all daily turnover on all of the world's stock exchanges.
well we may have heard that Elliott wave analysis is something that usually and lot of forex traders use.
is this true ? well It's true; Elliot wave analysis is not like a crystal ball, but it can helps you accomplish three and most crucial goals: how identify the trend,
and stay with it, and know when the trend is likely over.

Dollar is raising, At that time, it seemed that the days of trading forex with the dollar as the world's reserve currency.
But – to the surprise of lot of forex traders – since then, the USD has enjoyed a truly remarkable recovery in the world currency.
On Oct 21th, the EURUSD hit a fresh and low of near about $1.30, clinching a staggering 30-cent gain by the dollar in a matter of aproximately three months.

but Not since the U.S. Dollar Index (a way to measure of the dollar's power and strength against a basket of six top other currencies)
was created in 1973 that has the greenback been as weak point as it was back in April and July of 2008.
That's when the euro versus -dollar exchange rate that hit the $1.60 mark.

Once again this time, the US dollar has proven its role as a safe haven for forex currency,
and once again it's the center of the global financial community's attention.
It will likely stay in the spotlight for quite sometime. And that could be good for the forex market. and forex trader around the world

if you wanna know more, people at Elliott Wave International have many resources that can help you to learn about Elliott –
but it nothing helps you learn faster than watching a good teacher.

Monday, April 27, 2009

six most traded currency in forex where people make money

Most Currencies are traded in USD or people call it dollar amounts called and it is measure in “lots”. One lot is usually equal to $1,000, which controls up to $100,000 in currency. in This what is known as the "margin". People control $100,000 of worth or equivanlent of currency for only 1,000 USD dollars. This is what is called “High Leverage”. I hope you guys understand it

All Currencies are always traded in pairs in the FOREX industry. Usually The pairs have a unique and only notation that expresses what currencies are being traded. The symbol for which currency money and pair will always be in the form of like this ABC/DEF. where ABC/DEF is not a real currency pair, it is just an example of a symbol for which currency currently pair being traded. In this example ABC is the symbol for one first countries currency and DEF is the symbol for another second countries currency.

here is the most common currenies known

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

in this article, we will discuess this currencies one by one.
so in order to make money in Forex industry, you need to learn how this 6 currency and forex market