Forex Blog

According to the Forex Peace Academy, Henry Liu is a very successful Forex trader and mentor. In the past he provided news trading signals and a mentoring program on DVD with trading room access. In his new product he advertises a sentiment trading program that is supposed to boost profits from 10,000 US$ to 1 Million US$ within just 12 months by following his pre-news sentiment trade instructions. I signed up. It costs around 1.200 US$. Not a bad price, considering I would lose much more with a bad trade in a single day. I will let you know how it works out in 12 months.

eToro has a special offer for Forex traders. New customers receive a bonus payment of up to 1,000 US$ when they make their initial deposit. Trade accounts can be funded by many ways including wire transfers, Paypal and MoneyGram among others. Their trade platform allows flexible leverage of 25% to up to 400%.

The other day I found myself browsing a website where traders would post their trades online including performance records. One guy struck me, because he made a very small number of trades, but most of them were very successful. I am observing his Twitter and Facebook Forex feeds to look at his next trade ideas and see if his real performance lives up to his reputation.

This FX blog offers articles about trading strategies of Saxobank and it's Forex and Futures trading desk. It includes daily trading stances that are published before European market open and John J. Hardy's popular Forex trading column. Some very interesting material.

Many short term movements in Forex markets are caused by events - depending on surprise factor. Sometimes it is difficult to get the information in time and opportunities are passed without a chance for entry. To avoid such blanks, I would recommend signing up for 'Trade The News' short TTN. This online service provides text and audio news broadcastings of interesting events like Central Bank decisions, equity updates, geo-political events and many other topics regarding equity and financial markets such as corporate earnings and profit guidance.

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Asian FX traders connect to discuss strategies, common mistakes and broker reviews. It's a fine message board that is very popular in South East Asia, not just in Singapore. Some commercial FX gurus advertise their services and seminars together with other education for making pis for Euro, Yen and Dollar.

Huskins is a Canadian Forex trader offering managed FX accounts on various levels. He also provides signals. His blog is dedicated to the aftermath of his trade plans and he describes the price action during some news and highrisk events such as Central Bank interest rate decisions and economic indicator news releases from various countries.

An alternative way to play Forex is by investing into ETFs - so called Exchange Traded Funds. An ETF is usually a stock based fund, but the Market is developing fast and companies like Proshares provide ETFs as proxies for commodities, precious metals and currencies. One of the most commonly traded ETFs is ULE a double leveraged fund who increases in value when the Euro gains. There are various other Forex ETFs available providing positive or inverse performance gains. The advantage is the lower leverage resulting in smaller risk. Unfortunately, those FX ETF tools can only be traded on the New York Stock Exchange with limited trading hours. Some of the fund allow participation in interest gains. My favorite fund is the Pro Shares Ultra Silver ETF AGQ. I like to trade Silver during liquid market hours as the spread is much more attractive than trading XAGUSD on a FX platform. Nice action for daytrading! ETFs can be purchased over most stock brokers including discount brokerage company Sogotrade.

One of the nicest Forex sites I know. It's a FX forum that goes beyond as they provide quality guidance and test results of various brokers and Forex robots. They expose Forex scams and criminals in public - it's amazing to see how much fraud is committed on inexperienced traders. A must read for people who do research on brokers and platforms imho. Members of the free board may gain access to free Forex signals by Sir Pipsalot, a pretty good guy who gives realistic insights into possible market movements on the next days. It's one of my favorite daily reads and I do consider all recommendations very carefully before I trade, naturally. They also provide a calendar of important news events that could potentially influence currency exchange rates short term.

Let me introduce you to Baby Pips, a fine website dedicated to Forex Currency Trading. It is one of the best websites I know as it describes some of the most important aspects of online trading with very simple words. It's very easy to understand the basics of FX once you read their descriptive articles of Forex School. Very simple and precise introduction to char patterns and various indicators like Fibonacci lines, pivot points, moving averages, Elliott Wave theory and Bollinger Bands to mention just a few grades of their Forex classes. Read one by one to understand the concept of the trade. It won't make a million bucks instantly, but it will teach you the laws of FX gravity.