Forex Updates!

Friday, December 28, 2007

I havent been much updating the blog with latest stuff as i have been quite busy with other stuff. Anyways A belated Merry Christmas to all of you's.

I have decided to give away blogging to the bank 2 away to everyone instead of just to the subscribers. Here is the link. It is in Torrent format .


Hopefully I will get free in the next few days and put up some decent forex ebooks for download. Till then enjoy the ones in our forex ebooks section!

Sterling drops to record low!

Thursday, December 27, 2007
Sterling dropped to a record low versus the euro on concern that the Bank of England may lower its interest rates again in the beginning of next year. The greenback is soft across the board as momentum market participants took profits.

The BOE rate cut speculation arose last week when the Bank of England released its December monetary policy meeting minutes, which showed a unanimous vote for a 25-bp rate cut this month. Also, the bank heightened the impact of recent financial market turmoil and the consequent credit market tightness on the economy and inflation. The BOE and Fed are both likely to have a couple of rate cuts in the coming year, which weigh on their currencies.

In contrast, the European Central Bank may keep its benchmark rate unchanged. The euro rose to 0.7311 versus the sterling, and tested a resistance level at 1.45 against the dollar.

Financial markets in Australia, Hong Kong and the UK are closed for the Boxing Day. Currency trading will remain very light towards the end of this year.

Tomorrow will see US durable goods orders report, weekly job report and consumer confidence. Durable goods orders are seen to rise 2.0% in November, compared with a 0.2% decline in the previous month. Core durable goods orders are likely to increase 0.3%, versus a prior month¡¯s reading of ¨C0.4%. Weekly initial claims are expected to change from 346k to 342k. US consumer confidence is estimated to fell from 87.3 to 86.5.

EURUSD will face interim resistance at 1.45, followed by 1.4530 and 1.4550. Additional ceilings will emerge at 1.4580, backed by 1.46. Support starts at 1.4470, backed by 1.4430, 1.44 and 1.4380. Subsequent floors are eyed at 1.4350.

GBPUSD encounters interim resistance at 1.98, backed by 1.9850 and 1.9870. Subsequent ceilings will emerge at 1.99, followed by 1.9930 and 1.9980. On the downside, support begins at 1.9760, followed by 1.9730 and 1.97. Additional floors are eyed at 1.9670, backed by 1.9650 and 1.9620.

USDJPY encounters interim resistance at 114.50, backed by 114.80 and 115. Subsequent ceilings will emerge at 115.30, followed by 115.50 and 116. On the downside, support begins at 114.20 and 114, followed by 113.80. Additional floors are eyed at 113.50, backed by 113.20 and 113.

Download Forex Made Easy: 6 Ways to trade the Dollar

Saturday, December 22, 2007
Forex made easy
Hey all ,

Well, I have been pity keen on updating my Forex blog since quite a few days. I have been posting Forex books mostly or whipping up an article or two. I am looking forward to make the trading experience for our visitors much better.

All the recent Forex Books I have added are mainly on the Home Page with pics and reviews of them and of course the download link.

Up here , we have Forex made easy by James Dicks. I personally find this particular Forex Book of decent use to newbie Forex Traders and even Amateur Investors. Inspite of a few negative reviews of Forex Made Easy doing the rounds on the net, I believe it has a decent value attached to it.

Forex Made Easy by James Dicks is quick paced and informational. The books deals with relatively advanced techniques as well.

Well, now that we have the download for Forex made easy , you can check it out with out spending a dime and let me know whether you share the same views as me or not.

DOWNLOAD FOREX MADE EASY: 6 Ways To Trade the Dollar by James Dicks.

Like I always say, if you liked this post or the other content we have on our Forex Blog, do vouch for us by leaving back an appreciative comment or two(or even a critical comment for that matter) , Give us a digg or stumble or some link love from your own site/blog/forum.

Thanks all! Enjoy

The Yen Slumps further!

Friday, December 21, 2007
Hey all,

I have been on a forex books posting spree for quite a while. Now, going back to whats actually happening in our Fx Market, The yen has suffered a major setback against all major currencies on Friday trading session. The greenback managed its best against the Yen since the 7th of November.

Sterling Goes in deep waters

The sterling continued to drift lower, falling to a record low versus the euro at 0.7254 as market sentiment anticipates the increased likelihood for additional BoE rate cuts in the coming year. With recent economic data from the UK remaining soft, combined with dovish commentary from the BoE – we expect the Bank to cut rates by another 25-basis point in January and possibility for further easing in the first half.

Retail sales were largely unchanged at 4.4% y/y, while slightly higher on the monthly reading to 0.4%.

Now, focussing on more statistics

Cable holds steady near 1.9830, with support seen at 1.98, backed by 1.9765 and 1.9720. Additional floors are eyed at 1.97, followed by 1.9650 and 1.96. On the upside, resistance begins at 1.9875, followed by 1.99 and 1.9930. Subsequent ceilings will emerge at 1.9960 and 2.

Figures and statistics supported by forexnews

Now, if you liked this story, you might like to give us a digg or a stumble or check out the Forex Books in our FOREX BOOKS SECTION

Or simply check out our homepage for the latest forex books we added including Forex Conquered, How I traded for a living, Mastering the Elliot Wave and much more.

Enjoy and do leave your comments back!

The Simplest Introduction to Forex Trading Ever

Plenty of Forex Articles have been written which aim to Introduce Forex Trading to a complete newbie/beginner. Even we have a few basic forex articles aiming to target that particular audience.

But looking back on them I thought, they were a little to complex for my liking. Since I have started the Beginner section I am writing this Introduction keeping that in mind.

So here goes the Simplest Introduction to Forex/Forex Trading/Currency Trading/Day Trading

Forex is the most fluid and largest Financial market in the world!
Forex literally stands for Foreign Exchange. And thats what it does-- Exchange Foreign Currencies.

Now why exchange Foreign Currencies?

Well, For Profit of course! Forex Trading is the business of buying and selling Currencies.

So basically, we look to buy currencies when they are of low cost hoping to sell them and making a profit when they become costlier.

Traditionally, Forex Trading( FX/day trading/currency trading/Foreign exchange/currency Exchange refer to one and the same) was reserved for Banks and advanced Investors.

But, Today nearly a person in every family in the United states is involved in Forex Trading.

Which brings us to another question. Why Forex? Why to invest in Forex instead of the huge number of other business/investment opportunities.

To answer this particular question, you must read this article of mine -- Why Trade Forex?

Now, moving ahead-- Why the sudden boom in Forex Trading.

This has been a direct result of advent of PC and the Internet which has brought the largest financial market online.

The Currencies are always traded in pairs. Most of the Forex Market is depended on the Four major currency pairs EUR/USD, USD/JPY, GBP/USD, and USD/CHF.

USD=US dollar
JPY= Japanese Yen
GBP=Great Britain Pound
CHF=Swiss Franc

Each pair will have a particular value at a particular time.

To give a THEORITICAL example

if USD/JPY was equal to 1.00 today. That means that for one US dollar , you could buy one Japanese Yen.

The next day Imagine the Same USD/JPY now equals 1.5 , This means the USD dollar value has increased and now you can buy 1.5 JPY for 1 US dollar.

So, we look to make a profit by buying currencies that we think will have their value incremented in the near future.

Well, This brings us to the end of this Article.

Hope I was clear, If you have any doubts , do leave a comment!
and if you liked it do give a stumble or a digg!

Free Download The Day Trader's Manual By William F Eng

Thursday, December 20, 2007
 Day trader;s manual

Here is the Latest Forex Treat for our visitors. It is one which was requested. So here we go.

The Day Trader's Manual by William Eng DOWNLOAD HERE


Part One - the Theory of Day Trading

1. Time, Price, and the Day Trader
2. Strategies for Profitable Day Trading
3. Day Trading Approaches Defined by Market Action
4. Chaos Theory and the Day Trader

Part Two - The Science of Day Trading

5. Tape-Reading Techniques
6. Spread Trading
7. Trading Market Profile
8. Using Chart Patterns
9. Mathematical Approaches to Day Trading
10. Sequential Patterns in Day Trading
11. Elliott Wave Theory and Day Trading

Part Three : The Art of Day Trading

Currency Trading For Dummies!

Tuesday, December 18, 2007
forex ebook
forex ebooks
Okay. Here we go. Another Forex EBook for download.

Currency trading for dummies!

Thank You for all the requests for ebooks that have been emailed, IMed, posted on the shoutbox.

We will try to complete such request. Please be patient and do understand if we cant get the ones you have requested.

Thanks and i hope you didn't miss downloading "Mastering Elliot wave" by Glenn Neely.

In case you missed it, don't worry, its still very much here!

Mastering Elliot Wave by Glenn Neely and Eric Hall

Monday, December 17, 2007
Free Forex ebooks

Mastering Elliot Wave by Glenn Neely and Eric Hall forex ebooks

Mastering Elliot Wave by Glenn Neely and Eric Hall

Hey, Another Popular Forex Ebook for download. We had a few requests to make this book available. So here is it .Enjoy!!


If you have a particular book in mind which you would like to see. Let us know and we will make our best effort to make it available to you for FREE!!

Mastering Elliot Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory

Here's a review!

Elliot wave principle, Elliot wave, Mastering Elliot Wave, Glenn Neely, Eric hall, Forex ebooks, free downloads, forex ebook

If you are looking for a general introduction to Elliott Wave theory and practice, then this book is definetly not for you. In that case, I rather suggest starting with Prechter's "Elliott Wave Principle" from 1979.

If you are prepared to spend a lot of time working through the large number of conditions contained within this book, however, (especially using your own data) you will find this a most rewarding endeavor. Wave theory is not for the faint-hearted, it requires a lot of patience and application to give you the building blocks to come up with a view of the market.

Trading for a living by Alexander Elder

Sunday, December 16, 2007
TRADING FOR A LIVING BY DR ALEXANDER ELDER, forex ebooksAnother excellent book for our readers for free!!



Below is a review of the book!

Dr. Elder is a practicing psychiatrist. He is of Russian origin and today he is well-known in Russia after his Moscow course of lectures on short-term investment in 1996.

The first half of the book focuses simply on psychology. The stock market is in fact just a reflection of the human psychology. As the Dr Alexander Elder points out in this book"Trading for a living" , so many people who are educated think that because they are "school smart" that they must be able to master the financial markets just as well. It's the psychology and the mentality that goes into it. The author likens a typical losing trader (in other words, most traders!) to an alcoholic in denial. Traders are addicted to losing money. They get such a thrill from trading that they don't care if they win or lose.

The second half (Trading for a Living) is the core of the book. It is various trading strategies and technical information. If you're an experienced trader, you'll recognize most of it. The rule is simple: "buy low, sell high" or "short high, cover low". I think the author did an excellent job of covering a wide variety of strategies and trading tools. If you are new to trading, it may confuse the daylights out of you.

This book is a must have for anyone venturing into online trading. Dr. Elder lays out the three essentials of becoming a successful trader: Mind, Method and Money Management.

1. Mind: The psychological aspect of trading. Tells you to observe your own emotions as you trade.

2. Method: Technical analysis. Almost every major indicator is discussed here.

3. Money Management: Gives you some tips on how much to risk.

I have found a lot more detailed information in this book compared to the ones i have read so far. I would rate the book 10/10 if not more than that. It is truely and really a good piece of work . If you don't mind the high price, buy the real version or else download from us for FREE!!!

We are committed to provide highly informational and popular Forex ebooks for free to our visitors.

The book is really worth it though. You will not be disappointed. I highly recommend it to the traders who look forward to improve the quality of their lives.

You might like to browse through our huge collection of forex ebooks!

The complete Day Traderby Jake Bernstein PART1 AND 2

Saturday, December 15, 2007
Most so called books for specifically for "day traders" are so generalised in their look out that their techniques and advice can only be used by swing-traders and even by longer-term investors. This one is different. The author, Jake Bernstein, who has given decent forex books in the past strongly advocates real day trading, when no securities ever kept overnight. Therefore, his techniques are usable for very short term trading only.

The list of popular books by Jake Bernstein include

Jake Bernstein - Commodity
Jake Bernstein - How to Trade the New Single Stock Futures.pdf
Jake Bernstein - Market Master.pdf
Jake Berstein - Introduction To Technical Analysis.pdf

Jake Bernstein - Timming Short Term Price Swings in S&P.pdf

Right now.. You can download the complete day trader vol 1 and 2 from us!!

Jake Bernstein - The Complete Day Trader Vol I.pdf

Jake Bernstein - The Complete Day Trader Vol 2.pdf

You might like to browse through our huge collection of forex ebooks!

Forex Conquered by John L Person- DOWNLOAD FOR FREE

Tuesday, December 11, 2007

Forex conquered john l person forex ebooks

Here we have a very Popular Forex book "Forex Conquered" by John L. Person. Download for free!! and enjoy and BOOK MARK US.. we are going to have lots more Forex eBooks coming soon.

Forex Conquered by John L. Person is a very popular forex book that illustrates easy to learn strategies for better trading in the forex market. This book will give you exact and detailed information on factors like how to on when to increase lot size, how to manage risk, whats the best time to move stops, and how to use automated trading programs.
And lots more, In this book he explains clearly as to how an individual retail Forex trader can build a "black box" Forex system. Forex Conquered is presented in seven sections and covers all applicable topics including but not limited pivot points, candle charts, Fibonacci, stochastics, money management, and game psychology.

You might like to browse through our huge collection of forex ebooks!

10 Essential tips for online Forex Traders

Monday, December 10, 2007

Here is the latest addition to our articles section.


If you are new to the world of online FOREX trading you will realise its not as simple as people make out to be or what the ever so promising Forex Brokers promise.
The fact is most people who dont know the in and out of online forex trading will lose and lose quickly.

To win at currency trading online you need to have the right FOREX strategy - Here are 10 tips and if you incorporate them in your trading strategies, you should get a head start in your thirst for consistent FX profits

1. Don't believe the hype
You will see lots of people selling forex ebooks for "only" $100 which promises to make you strike gold in the world of online forex trading. Yes , their is good advice out there - you can get all the information you need free on the internet.

2. Don't day trade
The biggest myth of FOREX trading is you can make money FOREX day trading or Forex Scalping.
You can't!
Many novice traders fall for this myth and lose quickly and wonder why.
As I always say All short term volatility is random and there is no way of predicting where prices may go" up or down", so you might as well flip a coin.

For more on Forex Scalping , read this Article

If you want proof that FOREX day trading systems don't work, ask any vendor for a real time profits track record over the long term and you will not be able to fine one.

3. Work smart not hard
There is a lot of difference in hard work and smart work.You don'thave to work hard in online FOREX Trading, you need to work smart. This means focusing on getting the RIGHT FOREX education and learning and understanding the FOREX tools that actually work in the market not just hypothetically . If you focus on getting the right Forex information, you should be able to learn how to trade in a fortnight.
You will not be rewarded in FOREX trading market for working hard and spending lot of time, you get rewarded for being right and that means working smart.

4. Risk = Reward
If you don't like the idea of risk forget currency trading and pick up something else .
Many traders simply want to avoid as much risk as they can, putting stops to close, or snatching profits. If that's you - you will NEVER achieve currency trading success.
You need to be open minded and accept risk and losses to succeed in online FOREX Trading.

This is because to be a successful Forex trader, you need to be a enterpreneur and have to take risk, not avoid it. No Risk, no reward!

5. Do It on your own
Have confidence in your ability to understand the Forex Market. You are responsible for your own success.
If you follow someone else's strategy you will not have the right mindset to succeed. If you lack discipline and might want to quit after suffering a few losses. Do it on your own and your chances of success are manifolded.

6. Get a simple method
Simple methods always fare better than complicated ones, as they are much more easier to understand and follow.
There is never a correlation between how complicated a trading system is and how much profit it will make.
If you are just starting out in online forex trading, use support and resistance, a breakout methodology and some confirming indicators and that's just about it.
The above way of trading is perfect and will help you should get you the big profits from the big moves.

7. Trade Breakouts
A timeless way to trade FOREX markets.
It works well and will continue to work, simply look in our ebooks section for this powerful methodology.

8. Be patient
You do not get rewarded for how frequently you trade FOREX online- However, You do get rewarded for being quick on your feet and spotting and acting on the best trades and these don't come around very often.
Be patient and only trade FOREX signals from your system - don't be tempted to just trade for the sake of trading Forex.

9. Be realistic
There is potential for huge money in Forex Market, so what's realistic? The best Forex traders compound around 50 - 100% annualy so this is a good number to aim for or may be slightly lower.
These gains will compound quickly and build real wealth in the longer term.
Be realistic and don't try to become an overnight millionaire.

10. Know your edge
If you were good enough to understand the 9 forex tips mentioned above, you will understand that you must have an edge to make money in the long run in online FOREX market.

If after , devising your very own Online FOREX Trading strategy you don't know what your edge is - then you don't have one!
You need to know what your edge is over the majority of the losing traders to win in the Online Forex market.

Final words
If you incorporate the above 10 Forex tips in to your online FOREX Trading plan, You should be on your way to become a good Forex Trader.
Welcome to the world of Online FOREX trading! and Best of Luck!

You might like to read other articles in our Forex Articles section or download one of the huge number of forex ebooks in our Forex Ebooks section.

Gary Smith- How I Trade for a Living - Download now!

Sunday, December 9, 2007
forex ebook gary smith how i trade for a living

Now Master the Currency Market by Trading from Home! This Forex ebook how I trade for a living "Gary Smith deals in reality. If you are an amateur investor and interested in learning how to trade for real profits, not just all hype no substance trading platforms, this book is a must read for you.

In this Forex Ebook Gary Smith recounts the obstacles he overcame on his wat to trading mastery and describes the strategies, indicators, and insights he used to reach his goals."

You might also check the huge number of ebooks in our Forex Ebooks section

Freedom Rocks trading platform review:Freedom rocks ROCKS!

Wednesday, December 5, 2007
Freedom Rocks trading platform review:Freedom rocks ROCKS!

Hey, here is a review of freedom rocks platform. It has as many critics as its supporters.

Yeah.. so lets get started with the review!

Yes, it does have an MLM aspect to it IF you want to share the product with others. It is a refreshing twist to finally have a product one can use and make money WITHOUT telling another soul, if they want to. So for me, whether or not you like or not, or are indiferent to MLM/NWM really doesn't have any bearing on what the product is and what it can do in helping me/others diversify their investments by entering the FOREX market. So, I say to those who hate MLM, ..JUST GET OVER IT !!!

I've been curious about the FOREX market for quite a few years now, but whenever I took a look at learning it, I was always leary of the systems out there that cost so much and have you try to outguess the market by reading charts, etc. Plus, those late night hours really didn't seem worth it.

So, last fall (about Sept 06) when someone I know emailed me about FreedomRocks, I became curious, but put it on the 'back burner' for a month or so. Then, after watching the movie and listening to a couple of calls (one with the owner and designer of the product), I decided to use the FREE trial to see if it was as easy as it was made out to be. So, i decided to make a little plunge in the freedom rocks platform.

Also, the owners were quite conservative and answered to questions straight forwardly. No tall claims or hype thats not worth with freedom rocks.

So, I invested some time in the demo on the FREE trial beginning about the end of Nov, '06. I was lucky enough to extend my trial through December. I was very much impressed with the ease of their system, and the returns in Dec were pity decent.

So, onthe 1st of January I decided to pay the monthly fee of $100 to use the software, and kept demo trading. At one particular point of time I had around a dozen demos opened with 3 brokers using various strategies to see how things would play out.

Since some of my demos had quite high margins (against the advice of FreedomRocks I must add) I did have 3 of the dozen that margined out by the end of January. Still, all the demos that were left and did have the margins low as well as better currencies chosen, did very well indeed.

So, on Feb 28 I took the actual plunge and opened a live account. For the next 10 days or so I watched as my account dipped to a 50% 'paper loss'. It was kind of 'interesting', I will say, but I just kept on doing what the system is set-up to do and waited for things to work out.

What I learned through that period was a confidence in this system that it DOES work as it claims AS LONG as you follow the system to wach single and don't try to 'change/adjust' anything. Even though this downturn in early March was global and massive, my account DID NOT come close to being margined out.

I also took note of Freedom rocks suggestion to take out profits periodically when the account is up until you have your inital investment back in your pocket, and that's what I have done. It took me about four months to get my initial investment back and now I am trading essentially on 'house funds'.

Todate, even though I am down in paper losses of nearly 30% , I know that I am earning interest daily and always buying low and selling high, so I can't loose (unless I get a margin call, which I've taken care of by following the system and what I've heard on the company calls).

For those whose experience has been negative with freedom rocks and there are quite a few of these people it might be a good idea to ask yourself a few questions, assuming you can be really truthful with the answers you give. I say this because I see things being said that are not what I've been hearing from the company for nearly 9 months now.

An interesting list of questions to answer for those who traded and lost with freedomrocks

So, did you follow the system verbatum? Did you listen to the corp calls where Mark answers anyones quesions about anything to do with the system and the market? Did you go through the excellent webinar trainings and follow everything laid out there and in print to set-up your trades? Did you demo trade long enough to really be comfortable and confident with this system BEFORE you choose to open a live account?

I'll end this 'reviewl' by asking you a couple more questions: How much dollars have you lost with other FOREX programs 'promising' to teach you how to profit in this risky but exciting market? What are you going to do now that you've cancelled one of the fewbut simple to learn and use systems for trading in the FOREX and for hopefully profiting in the FOREX.....OR, have you now totally given up on ever profiting from the FOREX?

Wishing you all the very best in trading or in whatever you choose to do for your investments.

You might also like read the review of Easy Forex trading platform here

You might like to browse through our huge collection of forex ebooks!