Right, day trading today. People are very interested in the concept of day trading. And i think there are at least few reasons for this. Before i will go into details, let’s define day trading, what it really is.
On Forex day traders are guys who make a lot of trades (like over 10) in a single. Each of the trade is closed by the end of trader trading session, on Forex it usually means turning your computer off. Note that this is not the same as scalping. The only similarity between scalping and day trading is that, a lot of traders fail there.
Main resaon (more…)
I havent’t recently updated this blog because, i am currently more focused on Stock Market, and system for sports betting which i recently created. When i will finish it, i wil give you link to this system, i suppose it will be free till the end of the season.
Anyway, simple forex strategies, what i mean by that? In my mind these are strategies that are very simple 
. I often see guys with super advanced entry strategies. They use MACD, RSI, ADX, 10 different MAs and EMAs, Fibbonaci retracement, Elliot Waves to predict the best entry point.
I think it’s f (more…)
Recently i was watching movie Zeitgeist. Pretty cool movie if you haven’t seen it i advice you to do it. It consists of three parts first is about Christianity and Jesus, second amd third are about America, power and money which interests most i belive.
Anyway, in a part three there is mentioned new currency Amero. Which will be new currency for North America (Canada, USA, Mexico). So it seems that end for our favourite currency pair is neer, and the question is not: will it happen? will USD will be replaced with Amero? but rather when will it happen? From my informations it (more…)
Interesting article at Vanguard, author explains how Forex market should operate. Article is based on proposal for a liberalized foreign exchange market in Nigeria and its economic benefits.
Two most interesting sections selected by author are:
How market will operatePayment for import and forex auction”3.6 HOW THE MARKET WILL OPERATE
The CBN will consolidate the distributable portion of the dollar earnings monthly (or at worst bimonthly) in arrears. The realizable values will be published in appropriate government bulletins monthly.
(more…)
Another interesting article about forex reserves.
“Foreign exchange reserves rose by $3.16 billion in the week ending January 18, 2008 taking the total reserves to a record $284.98 billion. Money market dealers said that the rise in the forex reserves was largely on account of subscription to the IPO of Reliance Energy that closed on January 18.
The public offering is expected to have drawn in large scale funds from foreign institutional investors. During the same week, the BSE?s benchmark index, Sensex, had dipped about 1,000 points to close at 19,700 wit (more…)
