Best FOREX Trading – Buy Forex Signals

A Forex is a system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, or just FX. Over the last three decades the foreign exchange market has become the world's largest financial market; it trades over $1.5 trillion USD daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Forex is part of the bank to bank currency market known as the 24-hour interbank market.      

Forex trading is attractive because it offers unparalleled freedoms. A Forextrader can live almost anywhere as long as he/she is within reach of the internet. A Forex trader can work from home or office, and in some cases, even trade while travelling! A Forex trader can usually choose his/her own hours to work since the global foreign exchange market is open 24 hours a day. A Forex trader avoids many common headaches associated with running a business because there is NO inventory, NO shipping, NO billing, NO collections, NO employees, NO commuting and NO dress code. And finally, since Forex traders can potentially earn a very high income, they enjoy the possibility of never, ever working for someone else again!

A pip is a term used in the currency market to represent the smallest incremental move an exchange rate can make. Depending on context normally one basis point is 0.0001, as is the case of EUR/USD, GBP/USD, USD/CHF. In example if the EUR/USD moves from 1.2561 to 1.2562 it is one pip.

 

If you trade the full contract (100k of currency) the EUR/USD and GBP/USD are worth approximate $10. In other words if you have a trade with 50 pips in profit, it means the gain is $500. ($10 per pip x50 pips). If you trade a mini account is 1/10th of the size, 50 pips will worth $50.

Our precise every day forex signals are 100% mechanical (situated it and overlook it style) and intended to oversee benefits and misfortunes. Factually talking: this is a winning framework.

It may look straightforward, yet as a general rule, an extensive number of devices are utilized to create our forex signs, including volume markers, backing and safety study and numerous others, for example, Bollinger groups, unpredictability and energy. All these frameworks are assembled as one complex scientific model.

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Forex And US Dollar Market Conditions

The monthly FOMC statement is when the Fed policymakers make their big announcement on monetary policy adjustments or interest rate changes. As such, this FOMC statement US dollar economic event tends to spark a huge reaction from the U.S. dollar and could even dictate longer-term forex trends for dollar pairs.

 

Fed officials usually divulge changes in their economic projections during the rate statement too, and these play a role in shaping policy biases. Even without actual interest rate changes, the Fed outlook makes a strong influence on market expectations, which then affect dollar price action.

A quiet economic calendar in European trading hours is likely to see traders looking ahead to what is arguably the week’s most significant bit of scheduled event risk: the Federal Reserve monetary policy announcement. The rate-setting FOMC committee is expected to deliver a final $15 billion “taper” of asset purchases, ending the QE3 stimulus program. The probability of a surprise extension seems overwhelmingly unlikely. That means the announcement’s market-moving potential will be found in guidance for the timing of the first subsequent rate hike inferred from the accompanying policy statement.

Recent weeks have witnessed a moderation in the post-QE3 Fed tightening outlook as global slowdown fears encouraged speculation that the central bank will want to safe-guard the US recovery from knock-on effects of weakness elsewhere by delaying normalization. Indeed, Fed Funds futures now reveal priced-in expectations of a rate hike no sooner than December of next year, far later than prior bets calling for a move around mid-year.

 A change in the FOMC statement reflecting renewed concerns about persistently low inflation would validate this shift, weighing on the US Dollar.

 

US DOLLAR TECHNICAL ANALYSIS – Prices paused to consolidate following a breakout that seems to mark longer-term uptrend resumption. A daily close above the 11102-43 area marked by the 23.6% Fibonacci expansion and the October 3 high exposes the 38.2% level at 11216. Alternatively, a turn below the intersection of channel top resistance-turned-support and the 23.6% Fib retracement at 10959 clears the way for a test of the 38.2% threshold at 10845.

S&P 500 TECHNICAL ANALYSIS – Prices advanced to a one-month high to test resistance at 1987.70, the 23.6% Fibonacci expansion. A break above that on a daily closing basis exposes the 38.2% level at 2010.10. Alternatively, a reversal below the 14.6% Fib at 1973.80 aims for the October 27 low at 1951.40.

GOLD TECHNICAL ANALYSIS – Prices turned lower as expected after putting in a bearish Evening Star candlestick pattern. Sellers now aim to challenge the 23.6% Fibonacci expansion at 1216.87, with a break below that on a daily closing basis exposing the 38.2% level at 1193.16. Alternatively, a reversal back above the 14.6% Fib at 1231.49 aims for the 1248.57-55.20 area marked by a falling trend line set from mid-July and the October 21 high.

CRUDE OIL TECHNICAL ANALYSIS – Prices put in a Bullish Engulfing candlestick pattern, hinting a bounce may be ahead. A break above 87.67, the intersection of the 14.6% Fibonacci retracement and channel floor support-turned-resistance, exposes the 23.6% level at 90.62. Near-term support is at 82.88, the October 15 low

A great tool for newer traders, forex trading signals help you locate trading opportunities. Each signal shows you when to buy, when to sell, and where to set your stops and limits. Find out what professional chart traders are watching and trading. View their charts with indicators, support, and resistance, and see where they expect price to move in the next few hours. The SSI is a powerful tool unique to FXCM. It shows you FXCM's trading book: what our clients are trading. At a glance, you can see where traders are in the market.

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Successful Forex Trading

Retail traders just starting out in the forex market are often unprepared for what lies ahead and, as such, end up undergoing the same life cycle: first they dive in head first - usually losing their first account - and then they either give up, or they take a step back and do a little more research and open a demo account to practice. Those who do this will often eventually open another live account, and experience a little more success - breaking even or turning a profit. To help avoid the losses from hastily diving into forex trading, it will introduce you to a framework for a medium-term forex trading system to get you started on the right foot, help you save money and ultimately become a profitable retail forex trader.


 

Short-Term (Scalper) - A trader who looks to open and close a trade within minutes, often taking advantage of small price movements with a large amount of leverage.

Medium-Term - A trader typically looking to hold positions for one or more days, often taking advantage of opportunistic technical situations.

Long-Term - A trader looking to hold positions for months or years, often basing decisions on long-term fundamental factors.

Now, you will notice that both short-term and long-term traders require a large amount of capital - the first type needs it to generate enough leverage, and the other to cover volatility. Although these two types of traders exist in the marketplace, they are often positions held by high-net-worth individuals or larger funds. For these reasons, retail traders are most likely to succeed using a medium-term strategy.
 

Buy Forex Signals accurate daily forex trading signals are 100% mechanical (set it and forget it style) and designed to manage profits and losses. Statistically talking - this is a winning system.

It may look simple, but in reality, a large number of tools are used to develop our forex signals, including volume indicators, support and resistance study and many others such as Bollinger bands, volatility and momentum. All these systems are put together in the form of one complex mathematical model.

We send out our signals only once a day as six pending orders, covering these pairs:EUR/USD, USD/CHF and GBP/USD.

Do not believe in trade copiers, they simply do not work. We spent months trying to make them work. There are too many differences between brokers, so the best way to trade forex is using pending orders (buy/sell limit). Trust us!
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Forex News – Buy Forex Signals

The dollar started the week close to a six-year peak against the yen and touched a fresh four-year high against a basket of currencies, getting a tailwind from data showing higher U.S. growth in the second quarter.

The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate – its fastest pace in 2-1/2 years.  The pick up in the economy was broad-based and highlighted a faster pace of business spending and sturdier export growth than previously estimated.

Speculators raised their bullish bets on the U.S. dollar in the week ended Sept. 23, as the greenback extended its winning weekly streak against a basket of currencies, according to the latest data from the Commodity Futures Trading Commission released on Friday. The value of the dollar’s net long position rose to $35.81 billion from $31.42 billion the previous week.

 

 

Norwegian conglomerate Orkla plans to list its Swedish aluminium subsidiary Granges on the Stockholm bourse next month in an initial public offering valuing the firm at between 3.1 billion and 3.7 billion Swedish crowns ($426-508 million). Orkla will offer up to 60 percent of the total number of shares in the company, or 44.8 million shares, it said on Monday. Orkla expects the final price of the offering within the range of 45-50 Swedish crowns. The company is expected to be listed on Oct. 10.

US Dollar Aims to Extend Advance, Gold and Crude Oil Range-Bound. Prices are trying to clear the way for continued gains after touching the strongest level in over four years. A daily close above the 38.2% Fibonacci expansion at 11033 exposes the 50% level at 11074. Alternatively, a reversal below the intersection of a rising trend line and the 23.6% Fib at 10983 clears the way for a test of the 14.6% expansion at 10953.

Prices are testing downward-sloping resistance at 1987.90, with a break above that on a daily closing basis exposes the 23.6% Fibonacci expansion at 1994.60. Near-term support is at 1964.40, the September 26 swing low.

Gold Technical Analysis – Prices put in a bullish Morning Star candlestick pattern, hinting a move higher may be ahead. A break above the 14.6% Fibonacci retracement at 1226.73 on a daily closing basis exposes the 23.6% level at 1239.20. Near-term support is at 1206.49, the September 25 low.

Crude Oil Technical Analysis – Prices are testing support at 96.73, the April 2013 low, with a break below that on a daily closing basis exposing the 23.6% Fibonacci expansion at 95.11. Near-term resistance is at 99.59, the September 17 high.

If you also want to trade then you can opt for buy forex signals - Our accurate daily forex trading signals are 100% mechanical (set it and forget it style) and designed to manage profits and losses. Statistically talking: this is a winning system.

We send out our signals only once a day as six pending orders, covering these pairs: EUR/USD, USD/CHF and GBP/USD.

Do not believe in trade copiers, they simply do not work. We spent months trying to make them work. There are too many differences between brokers, so the best way to trade forex is using pending orders (buy/sell limit). Trust us!

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