If you ask me whether the market will have moved up or down by
this time next year, well I may as well flip a coin, because I
don't know.
If you ask me whether the market will have moved up or down by
this time next month, well again, I may as well flip a coin,
because I still don't know.
If you ask me whether the market will have moved up or down by
this time next week, AGAIN, I may as well flip a coin, because I
don't know.
And if you ask me whether the market will have moved up or
down by this time tomorrow, I am sorry, but I JUST DON'T
KNOW!
But? if you ask me whether the market will move up or down in
next few minutes, well I will have a definite opinion. Why?
Because if I can see the CURRENT state of buying and selling in
the market NOW, then I can make a reasoned and fairly accurate
estimate of what the market will do in the next few minutes and
moments.
My prediction will not be based on some secret formula; it
will not be based on some esoteric sounding indicator, nor on
some complex mathematical equation. No, it will be based on my
evaluation of the current state of supply and demand.
Predicting the long-term movements of the markets is a
guessing game. All we have to go on is the past; all we can
reasonably do is assume that what has happened in the past will
continue to happen in the future. Basically that is what trend
following is, making the assumption that the past equals the
future.
In my trading world, the only law that works is that of supply
and demand: if there are more buyers than sellers then the market
will go up; and if there are more sellers than buyers the market
will go down.
It matters not one iota the whys and wherefores of the buyers
and the sellers. It does not matter that a trader has chosen to
sell now because the 9 period moving average has crossed the 14
period; or because he has just lost his shirt; or because he is
taking a profit; or because he is just plain bored.
No, I don't care why a trader has entered a buy or a sell
order, I just care that they have, by their act, added to either
the buying or the selling pressure.
Sri Lanka Rupee, Stocks Drop After Currency Trading Band Removed Bloomberg The central bank narrowed the currency's trading band against the dollar on Feb. 3 and Feb. 6 and today, prior to announcing its removal. The monetary authority raised benchmark interest rates for the first time since 2007 on Feb.
India Eases Currency Trading Limits for Some Banks Wall Street Journal By SUDEEP JAIN MUMBAI -- India's central bank has asked banks to approach it individually for relaxing some foreign currency trading limits and has already eased restrictions for some banks, a top official said Monday. "Some limits, based on their ...
iFOREX Adds Oil to its list of Tradable Commodities MarketWatch (press release) ROAD TOWN, Tortola, Feb 09, 2012 (BUSINESS WIRE) -- Leading currency trading company, iFOREX, has recently expanded its services, giving all Forex trading accounts direct access to oil CFDs. Targeting an audience that has little or no experience with ...
This January Azerbaijan's exchange currency trading totaled $82.5 million Azerbaijan Business Center Baku, Fineko/abc.az. The Baku Interbank Stock Exchange (BBVB) has renewed statistics of its operations. BBVB reports that in January 2012 the nine participating banks concluded 28 deals in 36 trading sessions in e-trading system (BEST).
FOCUS: Technology Buoys Retail Currency Trading, Reshapes Old Models Wall Street Journal By Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Retail foreign-exchange trading is emerging as one of the biggest growth areas in the currencies space, and some of the trading firms that facilitate these flows are building up a whole new ...
Morgan Stanley Currency-Trading Head Stephen Mettler Leaves Bank BusinessWeek By Michael J. Moore Jan. 26 (Bloomberg) -- Stephen Mettler, who oversaw Morgan Stanley's interest rates and foreign-exchange trading businesses, has left the bank. Mettler, who joined the firm in 1997, retired, according to an internal memo obtained by ...
Bank of England and ECB Hold Steady, Indonesia Cuts CNBC.com [CNBC] ----------------------- MULTI CURRENCIES VS THE DOLLAR Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm. Learn more: The essential vocabulary for currency trading is on Key Currency ...
RELATED ARTICLESWhy Demo Account
Performance Is Often Better Than Real Account
Performance
Over the past several years, the popularity of online
currency trading has grown substantially. Each day, online
FX brokerage firms attract new investors - each of them
lining up with a glint in their eye, lured in by promises
of easy money.
Money Management, Part
2
FEARING LOSSESThere is a huge difference between being risk
averse and fearing losses. You must hate to lose.
Crisis of Confidence in
the EU
The European Union (EU) constitution was dealt a double
blow, first by a French "no" vote on 29-May and then by a
follow on "no" from the Netherlands on 01-Jun. To add
insult to injury, one low level Italian diplomat quickly
called for a referendum in Italy to decide if a return to
the lira was warranted.
Sending Signals for
Trading in Forex
Forex signals are sent by a forex firm to their subscribers
in order to buy and sell currencies. These signals are
called entry and exit signals for the forex dealers.
Options Trading -
Advantages and Disadvantages
What is Options Trading?An option is simply granting
someone the right to buy or sell something in the future.
In the case of Dow index futures options, when someone buys
a Dow call option they are buying the right to purchase
that underlying Dow future at a specific price, known as
the "strike price," at a future point in time, known as the
"expiration date.
The Margin Advantages of
Trading FOREX.
There is one aspect that is considered as one of the best
advantages of FOREX Trading. This is related to the amount
of money you need to place a trade, this is known as
"margin", and in short, this is all that can be lost in a
the case you had a bad trade.
Day Trading the Index
Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go
straight down for another two points, and I want to get
short, should I a.) enter immediately, b.
The Nature of the
Trading Business
Consider the following: As a trader you are in a business.
Your strongest opponent has plenty of capital.
Writing A Trading
Plan
All professional traders have a trading plan. Trading
futures is a zero sum game and those with a plan (and the
discipline to apply it) will succeed over those that have
no plan.
Exploring the World of
Day Trading
Are you looking into a career in day trading? In the past,
the tools for day trading were available only to
professionals. But thanks to the power of the Internet,
everything you need to get started is now conveniently
online.
Reality of Online Forex
Trading
Foreign exchange trading is the trading of currencies. Most
currencies can be traded.
How To Control Fear And
Greed In Trading
There is an old saying that the market is driven by fear
and greed. Anyone that has placed more than a couple of
trades will surely have experienced these two emotions.
6 Critical Factors For
Successful Trading
Success in any profession can be broken down into a number
of critical factors. Trading is no different.
Trading Profitably on
the Foreign Exchange Market
You may be asking yourself "how does one begin to trade
profitably as a currency trader?". First, it is important to
closely monitor foreign equity markets to attempt to
predict or model how their respective currencies will
perform against other currencies, ideally, currencies that
are not very closely related, nor proportional, to the
former currency.
Why Forex Traders Plan To
Fail Before They Even Place Their First Trade & How You
Can Know It & ...
Have you heard the wise saying that a trader who fails to
plan, plans to fail? I have, and I was once that trader!
However, did you know that even though traders who have
constructed a plan, which incorporates their trading
strategy (their "edge"), they have a plan that is likely to
fail? If we look at all traders who participate in the
market: we have one group that fails to plan and therefore
plans to fail; another group whose plan is failed; and a
third group who properly plans and therefore does not
fail. Is it any wonder that the success rate for forex
traders is so slim? Well it doesn't have to be.
A Beginner's Guide to
FOREX
FOREX is the abbreviation for the Foreign Exchange market.
FOREX is basically an international exchange market where
currencies from all over the world are bought and sold for
profit.
Forex Signal
Services
What are Forex signals? Forex signals are paid services
offered by some brokers and independent Forex annalists.
Companies that offer forex signals monitor and analyze the
market for you, providing you with their data via desktop
alerts, email or even SMS and pager alerts.
How Do Other Countries
Devalue Their Currencies?
Countries devalue their currencies only when they have no
other way to correct past economic mistakes - whether their
own or mistakes committed by their predecessors. The ills of
a devaluation are still at least equal to its advantages.
Commodity Trading -
Advantages and Disadvantages
What Is Commodity Trading? Commodity futures markets allow
commercial producers and commercial consumers to offset the
risk of adverse future price movements in the commodities
that they are selling or buying. In order to work a futures
contract must be standardized.
Creativity in
Trading
"Is it important to be creative in your trading?" I'm not
sure I can describe it in terms of importance. The creative
process is somewhat of a mystery, even to scientists who
study it.
MORE RESOURCES updated Thu. February / 09 / 2012
