FAP Winner World Seminar
Have you reserved your seat for the FAP Winner London World Seminar Summer 2009 ? You don't want to miss this MAJOR event. The GREATEST Forex education event of the year. I promise you will learn a great deal at this seminar. All this POWER packed into one show. Click on the following link for details and book your seat NOW !
Currently there are ONLY 13 seats left for this seminar . The entire conference room is limited to 100 guests. Intention is to keep registrant numbers low for the purpose of devoting more attention to you our faithful and valued customer. Clearly lower numbers of people will mean your questions will get answered.
Get your questions answered first hand in addition to all of this you get invaluable Forex knowledge on Current Market Trends, Techniques/Strategies for all trading experience levels, Indicators and Automated and Manual Trading Systems that will help you start trading like a PRO!
Also you will get a chance to talk to popular EA developers like Megadroid Team, Fapturbo Team, and forex experts like Charles A. Floyd, II and Donna Forex! The 4xProject EA review team will be there as well to teach you how to find good EA, define the proper settings and HOW to avoid forex scams! We are genuinely sorry to advise you that the Fapturbo Swiss Edition Launch has been postponed to July 9th... Why?
FAPT Swiss Release Delayed
This is what Steve says: " I have to apologize for not letting you in earlier on our
future project but I did give some hints in our last video didn't I? Now since some betatesters absoluteley couldn't keep quiet, It`s about time for something official...YES we worked the last 8 months on a forex robot.. YES it was because of the spread issues with fapturbo and .. YES..it has fantastic spreads...
Now immagine a forexrobot working like fapturbo on a platform that has ultra low spreads.. + a few enhancing features to increase its potential even more? Now before you get all excited I have to tell you that this time the copies have to be truly limited.. only a few persons will be able to grap this opportunity during our launch because we need to limit the spreading and want those that take up the chance to get a copy allow to trade at maximum performance.
Fapturbo has been reprogrammed from the ground up for one specific brokerage outside of metatrader 4 leaving the "childsplay" so to say behind trading it in for ultra low spreads and lighting fast execution..It's going to make your eyes fall out (the comic like way). As you may or may not be aware there were a number of beta testers chosen among the ranks of the Fapturbo membership, and as such it has come to our attention the robot needs additional testing. Just a few minor glitches, but rather then launch we need this to work PERFECTLY right out of the gate.
The success of Fapturbo has set the bar very high and as a circumstance of its proficiency and popularity we need to iron out every single bug and show you REAL live trading results such as you have been accustomed with FAPT. It would be inconscienable to release a flawed EA prior to making absolutely certain it works to perfection. What we can promise you in July. FAPT Swiss will be,
a.) Rock solid real LIVE money results with no chance of error since we have a broker / robot solution with fantastic spreads and high liquidity (the ultimate dream for the fapturbo mechanism)
b.) Limited amount of copies distributed.. ONLY a few hundred copies will be distributed for those among us who are willing to go to the "next level" and join the ELITE so to speak.
I hope we have your understanding and patience during this delay. In the meantime enjoy your Fapturbo gains and watch the forum for future developments and updates. Again my sincere apologies!" So don't miss FAPT Swiss when it is released.
Currently there are ONLY 13 seats left for this seminar . The entire conference room is limited to 100 guests. Intention is to keep registrant numbers low for the purpose of devoting more attention to you our faithful and valued customer. Clearly lower numbers of people will mean your questions will get answered.
Get your questions answered first hand in addition to all of this you get invaluable Forex knowledge on Current Market Trends, Techniques/Strategies for all trading experience levels, Indicators and Automated and Manual Trading Systems that will help you start trading like a PRO!
Also you will get a chance to talk to popular EA developers like Megadroid Team, Fapturbo Team, and forex experts like Charles A. Floyd, II and Donna Forex! The 4xProject EA review team will be there as well to teach you how to find good EA, define the proper settings and HOW to avoid forex scams! We are genuinely sorry to advise you that the Fapturbo Swiss Edition Launch has been postponed to July 9th... Why?
FAPT Swiss Release Delayed
This is what Steve says: " I have to apologize for not letting you in earlier on our
future project but I did give some hints in our last video didn't I? Now since some betatesters absoluteley couldn't keep quiet, It`s about time for something official...YES we worked the last 8 months on a forex robot.. YES it was because of the spread issues with fapturbo and .. YES..it has fantastic spreads...
Now immagine a forexrobot working like fapturbo on a platform that has ultra low spreads.. + a few enhancing features to increase its potential even more? Now before you get all excited I have to tell you that this time the copies have to be truly limited.. only a few persons will be able to grap this opportunity during our launch because we need to limit the spreading and want those that take up the chance to get a copy allow to trade at maximum performance.
Fapturbo has been reprogrammed from the ground up for one specific brokerage outside of metatrader 4 leaving the "childsplay" so to say behind trading it in for ultra low spreads and lighting fast execution..It's going to make your eyes fall out (the comic like way). As you may or may not be aware there were a number of beta testers chosen among the ranks of the Fapturbo membership, and as such it has come to our attention the robot needs additional testing. Just a few minor glitches, but rather then launch we need this to work PERFECTLY right out of the gate.
The success of Fapturbo has set the bar very high and as a circumstance of its proficiency and popularity we need to iron out every single bug and show you REAL live trading results such as you have been accustomed with FAPT. It would be inconscienable to release a flawed EA prior to making absolutely certain it works to perfection. What we can promise you in July. FAPT Swiss will be,
a.) Rock solid real LIVE money results with no chance of error since we have a broker / robot solution with fantastic spreads and high liquidity (the ultimate dream for the fapturbo mechanism)
b.) Limited amount of copies distributed.. ONLY a few hundred copies will be distributed for those among us who are willing to go to the "next level" and join the ELITE so to speak.
I hope we have your understanding and patience during this delay. In the meantime enjoy your Fapturbo gains and watch the forum for future developments and updates. Again my sincere apologies!" So don't miss FAPT Swiss when it is released.
Trading Stock Indexes
There are 100s of Exchange Traded Funds (ETFs) and HOLDRS covering key industry benchmarks such as the various Standard & Poor (S&P) Indexes, Russell Indexes or the Dow Jones Products. There are other ETFs that cover the other less well known narrow based sectors. For example, SPY tracks the Standard & Poor’s S&P 500 Composite Index. It is the largest of the ETFs. You should know the major indexes as an investor that are either key benchmarks or have ETFs tied to them.Standard & Poor: Standard & Poor (S&P) has been providing independent and objective financial information, analysis and research for nearly 140 years. It is the financial services segment of the McGraw Hill companies. It is also the provider of equity indexes and these S&P indexes are also used as the basis for wide variety of financial instruments such as Index Funds, Futures, Options and ETFs. Investors around the globe use S&P Indexes for investment performance measurement.
S&P 500 Composite is one of the most popular indexes in the global financial markets. Hundreds of companies around the world have licenses with the Standards & Poor’s for their index products and the influence and name recognition of S&P 500 is unparalleled. S&P 500 is also used as a key benchmark for money manager performance. The S&P 500 is a capitalization weighted index that tracks the performance of 500 large capitalization issues and each year thousands of money managers have the single minded goal of outperforming the S&P 500. S&P 500 represents more than 75% of the capitalization of the entire US Stock Market.
The stocks in the S&P 500 are determined by a nine member committee in accordance with the general guidelines. 30 years back most of the stocks in S&P 500 were from the Industrial Sector. Over the years, the complexion of S&P 500 has changed. By 1970s, six of the top companies were from the Oil Sector. In 2000s, technology composed about one third of the capitalization of the index. The other Standard & Poor’s indexes are the S&P Midcap 400 Index and it is based on 400 chosen domestic stocks. It is also capitalization based and measures the performance of the midsize companies of the US economy.
S&P SmallCap 600 is also capitalization weighted index and is of interest to institutional and retail investors. The S&P SmallCap 600 Index consists of 600 smallcap domestic stocks and these stocks are chosen for market size and liquidity. There are also sub-indexes based on these S&P Indexes.
NASDAQ: NASDAQ Composite Index contains more than 4500+ companies. It represents a market capitalization of trillions of dollars in the US economy. You will often hear in the media that the Nasdaq market being up or down on a given day. There is another Nasdaq Index called the Nasdaq-100. NASDAQ-100 is composed of the top 100 nonfinancial companies in the Nasdaq Stock Market like Microsoft etc. It is a modified capitalization weighted index. The QQQ is based on the Nasdaq-100 Index. The Nasdaq-100 is a modified capitalization weighted index. Modified cap weighting involves adjustments to the capitalizations of the various components of the Nasdaq-100 index. The NDX contract at the CBOE is based on Nasdaq-100 as is the MNX.
Frank Russell Company one of the leading global investment consultants is also involved in performance measurement, analysis and investment management. Several Russell Indexes have become benchmarks for specific areas of investment management. Russell 2000 is the well known benchmark for small capitalization sector. Russell 3000 Index as the name implies includes 3000 issues and is adjusted for certain factors such as cross holdings and the number of pairs in hands. These 3000 companies represent 98% of the US investable equities.
Russell 3000 is further split into subsets like Russell 1000 Index. It covers the top 1000 about 92% of the value of the entire 3,000 stock index. The Russell 2000 Index is the smallest 2000 companies in the Russell 3000 Index.
From the business point of view, the Wall Street Journal is probably one of the most perfect business franchises. A franchise that is very hard to duplicate. The net worth of most of its readers is in seven figures. Dow Jones is the publisher of this journal. Dow Jones Industrial Average (DJIA) comprising 12 smokestack companies made its debut in the year 1896. Over the year DJIA became an important business barometer and grew to encompass 30 large industrial companies.
Wilshire serves over 400 organizations in over 20 countries representing over $2 trillion in assets. Wilshire flagship index is the Wilshire 5000 Total Market Index. It represents the broadest index for the US equity markets. Over the years, it has increased to 6500 issues representing the increase in the number of companies in the US.
The Morgan Stanley Capital International (MSCI) database contains nearly 25,000 securities covering 50 countries. It calculates nearly 3,000 indexes daily and services a client base of over 1,200 worldwide. One of the advantages of MCSI and its foreign indexes is consistency.
What if you knew a trading secret so simple, yet so powerful, that anyone could use to profit from the Stock market even without experience. All You need is to trade Single Stock Index - 15 minutes at the opening.
S&P 500 Composite is one of the most popular indexes in the global financial markets. Hundreds of companies around the world have licenses with the Standards & Poor’s for their index products and the influence and name recognition of S&P 500 is unparalleled. S&P 500 is also used as a key benchmark for money manager performance. The S&P 500 is a capitalization weighted index that tracks the performance of 500 large capitalization issues and each year thousands of money managers have the single minded goal of outperforming the S&P 500. S&P 500 represents more than 75% of the capitalization of the entire US Stock Market.
The stocks in the S&P 500 are determined by a nine member committee in accordance with the general guidelines. 30 years back most of the stocks in S&P 500 were from the Industrial Sector. Over the years, the complexion of S&P 500 has changed. By 1970s, six of the top companies were from the Oil Sector. In 2000s, technology composed about one third of the capitalization of the index. The other Standard & Poor’s indexes are the S&P Midcap 400 Index and it is based on 400 chosen domestic stocks. It is also capitalization based and measures the performance of the midsize companies of the US economy.
S&P SmallCap 600 is also capitalization weighted index and is of interest to institutional and retail investors. The S&P SmallCap 600 Index consists of 600 smallcap domestic stocks and these stocks are chosen for market size and liquidity. There are also sub-indexes based on these S&P Indexes.
NASDAQ: NASDAQ Composite Index contains more than 4500+ companies. It represents a market capitalization of trillions of dollars in the US economy. You will often hear in the media that the Nasdaq market being up or down on a given day. There is another Nasdaq Index called the Nasdaq-100. NASDAQ-100 is composed of the top 100 nonfinancial companies in the Nasdaq Stock Market like Microsoft etc. It is a modified capitalization weighted index. The QQQ is based on the Nasdaq-100 Index. The Nasdaq-100 is a modified capitalization weighted index. Modified cap weighting involves adjustments to the capitalizations of the various components of the Nasdaq-100 index. The NDX contract at the CBOE is based on Nasdaq-100 as is the MNX.
Frank Russell Company one of the leading global investment consultants is also involved in performance measurement, analysis and investment management. Several Russell Indexes have become benchmarks for specific areas of investment management. Russell 2000 is the well known benchmark for small capitalization sector. Russell 3000 Index as the name implies includes 3000 issues and is adjusted for certain factors such as cross holdings and the number of pairs in hands. These 3000 companies represent 98% of the US investable equities.
Russell 3000 is further split into subsets like Russell 1000 Index. It covers the top 1000 about 92% of the value of the entire 3,000 stock index. The Russell 2000 Index is the smallest 2000 companies in the Russell 3000 Index.
From the business point of view, the Wall Street Journal is probably one of the most perfect business franchises. A franchise that is very hard to duplicate. The net worth of most of its readers is in seven figures. Dow Jones is the publisher of this journal. Dow Jones Industrial Average (DJIA) comprising 12 smokestack companies made its debut in the year 1896. Over the year DJIA became an important business barometer and grew to encompass 30 large industrial companies.
Wilshire serves over 400 organizations in over 20 countries representing over $2 trillion in assets. Wilshire flagship index is the Wilshire 5000 Total Market Index. It represents the broadest index for the US equity markets. Over the years, it has increased to 6500 issues representing the increase in the number of companies in the US.
The Morgan Stanley Capital International (MSCI) database contains nearly 25,000 securities covering 50 countries. It calculates nearly 3,000 indexes daily and services a client base of over 1,200 worldwide. One of the advantages of MCSI and its foreign indexes is consistency.
What if you knew a trading secret so simple, yet so powerful, that anyone could use to profit from the Stock market even without experience. All You need is to trade Single Stock Index - 15 minutes at the opening.
Swing Trading
Determining your trading style is very important right from the beginning. Not knowing what type of a trader you are can make or break your trading career. Take the analogy of a cricket team. There are 11 players in each team in the match. All players are talented and super fit. Everyone can throw and catch the ball. However some are more skilled at balling. Others are more skilled at batting. If the baller is going to do the job of the batter, not many runs will be made and the match will be lost.Investing in the currency markets or stock markets is also the same. It depends on your personality makeup what type of trading is best suited to you. In general there are three type of trading styles:
1. Position Trading,
2. Swing Trading and
3. Day Trading
You need to know what type of trading style is best suited for you. In currency trading, position trading means you are in a trade for many months trying to capitalize on a major long term move in the market. Position Trading is generally the buy and hold strategy of investing in stocks over a long haul. Usually positions traders are in a trade for a large long term move like when you carry trade AUD/JPY. Options traders can also be position traders through covered calls and other strategies.Swing trading is possibly the most dynamic of the three types of trading as the swing trader is able to switch up holding times quickly as the market demands. Swing Trading means taking short term positions in anticipation of quick market movements over a series of days or weeks. Swing traders take advantage of technical and fundamental analysis.Day trading is not easy and it is certainly not a hobby. Sometimes when the positions warrants holding for a longer period, day trading can become swing trading! In Day Trading, you attempt to capitalize on intraday movements with the markets often trading on momentum and news. Day traders are also known as Kings of Stress. You should note that if you don’t have time to watch your trades every moment, you should not think of day trading. Day trading is the riskiest of the three trading styles. Day trading is ideal for those who are able to handle erratic market movements while actually also having time to monitor the positions throughout the day.
Know That Swing Trading Is a Better Alternative to Day Trading
Day trading hardly ever ends up well especially if the trader has no previous professional trading experience. Only 10% of the day traders succeed. Many people are attracted to the glamour and excitement of day trading. Most day trader usually blow up their accounts and fade away soon. By holding positions overnight and even for a few weeks, you can expose less money for larger moves. Swing trading can be on the other hand a much more effective trading style especially if you are a newer trader. If you are a new trader, think about it for a moment.In case of currency trading, the cost of trading is hidden in the bid/ask spreads offered by the broker. Day traders often rake up major commissions charges if they are trading stocks which makes it that much more difficult to beat the overall market. In the end, if you are unable to breakeven, you cannot survive long in day trading. So the more you day trade, the higher your trading cost will become. Swing trading also entails facing stiff trading costs in the shape of spread in case of currencies or commissions if you are trading stocks. But these trading costs are nothing as severe as in day trading. Because price action spans several days to several weeks, market fundamentals can come into play to a larger degree as compared to day trading.Swing trading can also generate higher potential profits on single trades because the holding period is longer than in day trading. Day to day currency movements are due less to market fundamentals and more to short term supply and demand of currencies or shares. Day trading demands lots of attention and time commitment from you. There is a misconception that day trading can be taken as a hobby. It is stressful and a winning position can turn into a losing one within seconds. If you want to permanently take on day trading, you have to have strong nerves.Swing trading currency markets can be very profitable. Currency markets are open 24/5. You can enter or exit a position even late hours. Now the good thing about swing trading is that you can take it full time or part time. Swing trading with an eye on earning additional income or improving the returns on your portfolio is less stressful than swing trading for a living. Part time swing trading means doing analysis when you get home from work! Then implementing trades the following day! You can enter stop loss orders to protect your capital even though you may not be able to watch the market all day. You should first go through this phase first if you eventually want full time swing trading.Swing trading part time is suitable for you if you have a full time job but can devote a few hours a week to analyzing markets and securities or currencies. You should have a passion for financial markets and short term trading. If you are achieving subpar results in your current investment portfolios from your financial advisors or third party then you can take up part time swing trading.
Part time swing trading is for you if you are not a gambler and don’t take undue risks like doubling down your positions after a losing trade. Again swing trading is not for fun. You should also have the discipline to consistently place stop loss orders. By swing trading instead of day trading, you are able to commit less capital to the markets to reach extraordinary gains. At the end of the day, when it comes down to is the fact that you need to determine your trading style before you become serious in trading.
1. Position Trading,
2. Swing Trading and
3. Day Trading
You need to know what type of trading style is best suited for you. In currency trading, position trading means you are in a trade for many months trying to capitalize on a major long term move in the market. Position Trading is generally the buy and hold strategy of investing in stocks over a long haul. Usually positions traders are in a trade for a large long term move like when you carry trade AUD/JPY. Options traders can also be position traders through covered calls and other strategies.Swing trading is possibly the most dynamic of the three types of trading as the swing trader is able to switch up holding times quickly as the market demands. Swing Trading means taking short term positions in anticipation of quick market movements over a series of days or weeks. Swing traders take advantage of technical and fundamental analysis.Day trading is not easy and it is certainly not a hobby. Sometimes when the positions warrants holding for a longer period, day trading can become swing trading! In Day Trading, you attempt to capitalize on intraday movements with the markets often trading on momentum and news. Day traders are also known as Kings of Stress. You should note that if you don’t have time to watch your trades every moment, you should not think of day trading. Day trading is the riskiest of the three trading styles. Day trading is ideal for those who are able to handle erratic market movements while actually also having time to monitor the positions throughout the day.
Know That Swing Trading Is a Better Alternative to Day Trading
Day trading hardly ever ends up well especially if the trader has no previous professional trading experience. Only 10% of the day traders succeed. Many people are attracted to the glamour and excitement of day trading. Most day trader usually blow up their accounts and fade away soon. By holding positions overnight and even for a few weeks, you can expose less money for larger moves. Swing trading can be on the other hand a much more effective trading style especially if you are a newer trader. If you are a new trader, think about it for a moment.In case of currency trading, the cost of trading is hidden in the bid/ask spreads offered by the broker. Day traders often rake up major commissions charges if they are trading stocks which makes it that much more difficult to beat the overall market. In the end, if you are unable to breakeven, you cannot survive long in day trading. So the more you day trade, the higher your trading cost will become. Swing trading also entails facing stiff trading costs in the shape of spread in case of currencies or commissions if you are trading stocks. But these trading costs are nothing as severe as in day trading. Because price action spans several days to several weeks, market fundamentals can come into play to a larger degree as compared to day trading.Swing trading can also generate higher potential profits on single trades because the holding period is longer than in day trading. Day to day currency movements are due less to market fundamentals and more to short term supply and demand of currencies or shares. Day trading demands lots of attention and time commitment from you. There is a misconception that day trading can be taken as a hobby. It is stressful and a winning position can turn into a losing one within seconds. If you want to permanently take on day trading, you have to have strong nerves.Swing trading currency markets can be very profitable. Currency markets are open 24/5. You can enter or exit a position even late hours. Now the good thing about swing trading is that you can take it full time or part time. Swing trading with an eye on earning additional income or improving the returns on your portfolio is less stressful than swing trading for a living. Part time swing trading means doing analysis when you get home from work! Then implementing trades the following day! You can enter stop loss orders to protect your capital even though you may not be able to watch the market all day. You should first go through this phase first if you eventually want full time swing trading.Swing trading part time is suitable for you if you have a full time job but can devote a few hours a week to analyzing markets and securities or currencies. You should have a passion for financial markets and short term trading. If you are achieving subpar results in your current investment portfolios from your financial advisors or third party then you can take up part time swing trading.
Part time swing trading is for you if you are not a gambler and don’t take undue risks like doubling down your positions after a losing trade. Again swing trading is not for fun. You should also have the discipline to consistently place stop loss orders. By swing trading instead of day trading, you are able to commit less capital to the markets to reach extraordinary gains. At the end of the day, when it comes down to is the fact that you need to determine your trading style before you become serious in trading.
The Forex Income Engine 2.0
Earlier this month, I let you in on what has turned out to be one the biggest Forex surprises of the year:
This step-by-step home study course from 30+ year trader Bill Poulos is a multi-media powerhouse that reveals the quickest & most flexible way to achieve INDEPENDENCE in the Forex markets & shield yourself from risk...ESPECIALLY if you're inexperienced & have little time. In just about a week, the initial # of courses Bill set aside for his new students quickly sold out, and for good reason:
Those lucky individuals who claimed their copy before it expired figured out that now is one of the best times ever to trade Forex because of the huge volatility being created by the weakened global economies. The profit potential right now is awesome. Now that the initial wave of new student inquiries has settled down a bit, Bill has decided to take on a few more new students but only through Thursday, July 2nd, 2009, at 11:59pm Eastern (New York time). To celebrate his 35th year trading the markets, he's going to let in only 35 more fast-acting individuals...and remember: The doors close on July 2nd...So, if you have ANY interest in getting in on what I think many traders will end up calling THE Forex event of 2009, go here to see if any copies are still available:
Be sure to read this post as it gives you access to a brand new Forex method that 'flip flops' the approach most people take...and shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that's being created by the problems in the other global markets) Here's what's up...
In the past weeks, nearly 40,000 traders got exclusive access to 30+ trader Bill Poulos's complimentary 3-part "Flexible Forex" 2.0 training videos...these videos revealed his recent Forex discovery that shows you how to manage risk first when placing a trade, and THEN look for a profit as quickly as possible (and as many times a day as possible) all according to YOUR schedule. So if you have any interest in discovering how to finally become an INDEPENDENT trader in the Forex markets, where you always know what to do, no matter what happens... keep reading and GET READY...
A TURNING POINT IN FOREX TRADING?
Bill was planning on releasing his new course in the Fall, but due to extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week. Based on the early feedback he's been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading. Why? Because Bill does everything in his power to give you the "keys to the kingdom" where you understand EXACTLY what to do when you go to place a trade. There's never any second guessing or wondering.
CAUTION: This is NOT for "systems junkies", or individuals who like to let others make their trading decisions. But it IS for traders who like to have FULL CONTROL of their destiny in the markets.
IT'S ALL ABOUT YOU
Bill designed this new method with YOU and YOUR schedule in mind. It's all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes... or even all day long if that's what you have time for...but he's only planning on releasing a limited amount of courses in the next weeks that show you how to find trade setups quickly, protect your position with a sort of "risk shield", and then look for profit as fast as possible so you can move on to the next trade. So if you want to...
* Triple your profit potential by simultaneously looking at the short, intermediate, and longer-term trends and then automatically using the dominant trend to virtually ensure your edge and give you the best chance for a successful trade...
* Get started quickly and place your first trade with as little as a $500 trading account when you use "mini lots"...
* Trade in as little as 20 minutes, or all day long, by customizing your daily trading plan with the timeframes of your choice to fit your changing schedule...
* Enjoy frequent and fast trades from start to finish by quickly identifying only the highest-probability, lowest-risk trades...
* Practically "rub out" account-crippling losses by using simple yet profoundly powerful risk management rules. It's like having a Forex "Risk Shield" so you're protected at all times...
* Become an independent trader and stop relying on so-called gurus, black box systems, or other gimmicks. Be totally confident when you know what to do every time, no matter what happens in the markets...
...then check out the open letter Bill wrote for you that describes all the details:
I've seen this developer's trading courses disappear in a matter of days in the past, and it's a near certainty it will happen again... so IF YOU VALUE YOUR TIME, I really urge you to check out his letter here, and then ask yourself how what he has to say stacks up against how YOU currently trade:
This is what Bills says about his Forex Income Engine 2.0 course: We just finished up a GREAT 1.5 hour webinar for the Forex Income Engine 2.0. I hope you were lucky enough to be on. I think it was one of the best we've done. I revealed some of the actual strategies I teach in my new course, we gave away 3 more copies, and answered some very insightful questions. It wouldn't surprise me if your Forex trading improved JUST by watching this webinar.
As of this writing we have around 10 copies left of FIE 2.0. I know that we had a problem earlier in the week with double orders, and our fulfillment center accidentally shipped out a few extra copies, so that number may change a little..however, the inventory is dwindling, so if you want a copy, come and get it.
If I sell out before Tuesday, which is when I had planned on closing down my FIE 2.0 website, I'm not sure what I'll do yet. This is selling out MUCH faster than I anticipated, which means there was a LOT more demand that I expected... so, I'm going to sleep on it for now and see what the numbers look like later. Anyway, I hope you enjoy the replay! When you watch the webinar, you'll see we announced some KILLER bonus items at the end that we said would expire TONIGHT. Well, a few folks on the webinar asked if I could hold the bonuses for them if they order TOMORROW, so just to be fair to everybody, I'm extending the bonuses until 11:59pm on Friday. See them here:
Last week my brand new, step-by-step Forex Income Engine 2.0 home study course came off the market.
* 950 lucky traders got their hands on it, and are already placing trades using my 3 complementary methods that show them EXACTLY how to spot as much "pip potential" as they can handle, again and again. It's awesome!
Over the weekend, my support desk got slammed with dozens of requests from folks who missed the cut-off deadline last Tuesday night asking if they could get a copy of the course. Like I said last week, I can only handle so many new students, so I can't really let another 950 copies go right now. However, because the initial "rush" of support questions has quieted down a bit, here's what I'm going to do.
From now until Thursday, July 2nd, at 11:59pm Eastern, I'm going to release 35 more copies to celebrate my 35th year trading the markets. After that, I don't know when I'll release more. It could be a long time. All I know is that I want to focus on my new group of charter students and help to turn them into superstar Forex traders. Join us here:
Ever since the Forex Income Engine 2.0 began to arrive at traders' doorsteps last week, I've been receiving LOTS of great feedback. Here are just a few comments I got over the past few days:
----
"OH MY GOD!
I've bought all of Bill's Course's - FPA, FIE & FIE 2.0 This one has got me really excited. THANK YOU BILL!
And another OH MY GOD - How fantastic is the Pip Reinforcer...it's exactly what we need out here. A teacher every day going through it with us. SO GREAT!
...Luvin the FIE 2.0 - It's exactly what we need to hammer through these crazy markets. Thanks Bill! Keep 'em comin' - Yee Hah"
--Z.C., Australia
"It goes naturally that I am very-very-very pleased with what I am getting from your course as this is finally the real course I was seeking, and the fantastically simple right information to understand and succeed in this business! I have been 'looking' and trading demo accounts since 2001 without great success and stability, every time due to a huge-big information overload, way too much data and chart indicators following traditional methods that do not work and that always ended up confusing me. And I then stopped for a month but always was looking for simple systems or methods, and I must say: Bill, you got it perfectly! I am very pleased and impressed by your simplicity in explaining it!Well, again Bill, thank you very much for your course, it is a GREAT one! What a relief, I finally can go into this market!"
--A.C., Canada
----
So, as you can see, my new course is really connecting with traders. This is so exciting. Anyway, I hope you can join me if you get this message in time. Here's the enrollment page:
This step-by-step home study course from 30+ year trader Bill Poulos is a multi-media powerhouse that reveals the quickest & most flexible way to achieve INDEPENDENCE in the Forex markets & shield yourself from risk...ESPECIALLY if you're inexperienced & have little time. In just about a week, the initial # of courses Bill set aside for his new students quickly sold out, and for good reason:
Those lucky individuals who claimed their copy before it expired figured out that now is one of the best times ever to trade Forex because of the huge volatility being created by the weakened global economies. The profit potential right now is awesome. Now that the initial wave of new student inquiries has settled down a bit, Bill has decided to take on a few more new students but only through Thursday, July 2nd, 2009, at 11:59pm Eastern (New York time). To celebrate his 35th year trading the markets, he's going to let in only 35 more fast-acting individuals...and remember: The doors close on July 2nd...So, if you have ANY interest in getting in on what I think many traders will end up calling THE Forex event of 2009, go here to see if any copies are still available:
Be sure to read this post as it gives you access to a brand new Forex method that 'flip flops' the approach most people take...and shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that's being created by the problems in the other global markets) Here's what's up...
In the past weeks, nearly 40,000 traders got exclusive access to 30+ trader Bill Poulos's complimentary 3-part "Flexible Forex" 2.0 training videos...these videos revealed his recent Forex discovery that shows you how to manage risk first when placing a trade, and THEN look for a profit as quickly as possible (and as many times a day as possible) all according to YOUR schedule. So if you have any interest in discovering how to finally become an INDEPENDENT trader in the Forex markets, where you always know what to do, no matter what happens... keep reading and GET READY...
A TURNING POINT IN FOREX TRADING?
Bill was planning on releasing his new course in the Fall, but due to extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week. Based on the early feedback he's been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading. Why? Because Bill does everything in his power to give you the "keys to the kingdom" where you understand EXACTLY what to do when you go to place a trade. There's never any second guessing or wondering.
CAUTION: This is NOT for "systems junkies", or individuals who like to let others make their trading decisions. But it IS for traders who like to have FULL CONTROL of their destiny in the markets.
IT'S ALL ABOUT YOU
Bill designed this new method with YOU and YOUR schedule in mind. It's all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes... or even all day long if that's what you have time for...but he's only planning on releasing a limited amount of courses in the next weeks that show you how to find trade setups quickly, protect your position with a sort of "risk shield", and then look for profit as fast as possible so you can move on to the next trade. So if you want to...
* Triple your profit potential by simultaneously looking at the short, intermediate, and longer-term trends and then automatically using the dominant trend to virtually ensure your edge and give you the best chance for a successful trade...
* Get started quickly and place your first trade with as little as a $500 trading account when you use "mini lots"...
* Trade in as little as 20 minutes, or all day long, by customizing your daily trading plan with the timeframes of your choice to fit your changing schedule...
* Enjoy frequent and fast trades from start to finish by quickly identifying only the highest-probability, lowest-risk trades...
* Practically "rub out" account-crippling losses by using simple yet profoundly powerful risk management rules. It's like having a Forex "Risk Shield" so you're protected at all times...
* Become an independent trader and stop relying on so-called gurus, black box systems, or other gimmicks. Be totally confident when you know what to do every time, no matter what happens in the markets...
...then check out the open letter Bill wrote for you that describes all the details:
I've seen this developer's trading courses disappear in a matter of days in the past, and it's a near certainty it will happen again... so IF YOU VALUE YOUR TIME, I really urge you to check out his letter here, and then ask yourself how what he has to say stacks up against how YOU currently trade:
This is what Bills says about his Forex Income Engine 2.0 course: We just finished up a GREAT 1.5 hour webinar for the Forex Income Engine 2.0. I hope you were lucky enough to be on. I think it was one of the best we've done. I revealed some of the actual strategies I teach in my new course, we gave away 3 more copies, and answered some very insightful questions. It wouldn't surprise me if your Forex trading improved JUST by watching this webinar.
As of this writing we have around 10 copies left of FIE 2.0. I know that we had a problem earlier in the week with double orders, and our fulfillment center accidentally shipped out a few extra copies, so that number may change a little..however, the inventory is dwindling, so if you want a copy, come and get it.
If I sell out before Tuesday, which is when I had planned on closing down my FIE 2.0 website, I'm not sure what I'll do yet. This is selling out MUCH faster than I anticipated, which means there was a LOT more demand that I expected... so, I'm going to sleep on it for now and see what the numbers look like later. Anyway, I hope you enjoy the replay! When you watch the webinar, you'll see we announced some KILLER bonus items at the end that we said would expire TONIGHT. Well, a few folks on the webinar asked if I could hold the bonuses for them if they order TOMORROW, so just to be fair to everybody, I'm extending the bonuses until 11:59pm on Friday. See them here:
Last week my brand new, step-by-step Forex Income Engine 2.0 home study course came off the market.
* 950 lucky traders got their hands on it, and are already placing trades using my 3 complementary methods that show them EXACTLY how to spot as much "pip potential" as they can handle, again and again. It's awesome!
Over the weekend, my support desk got slammed with dozens of requests from folks who missed the cut-off deadline last Tuesday night asking if they could get a copy of the course. Like I said last week, I can only handle so many new students, so I can't really let another 950 copies go right now. However, because the initial "rush" of support questions has quieted down a bit, here's what I'm going to do.
From now until Thursday, July 2nd, at 11:59pm Eastern, I'm going to release 35 more copies to celebrate my 35th year trading the markets. After that, I don't know when I'll release more. It could be a long time. All I know is that I want to focus on my new group of charter students and help to turn them into superstar Forex traders. Join us here:
Ever since the Forex Income Engine 2.0 began to arrive at traders' doorsteps last week, I've been receiving LOTS of great feedback. Here are just a few comments I got over the past few days:
----
"OH MY GOD!
I've bought all of Bill's Course's - FPA, FIE & FIE 2.0 This one has got me really excited. THANK YOU BILL!
And another OH MY GOD - How fantastic is the Pip Reinforcer...it's exactly what we need out here. A teacher every day going through it with us. SO GREAT!
...Luvin the FIE 2.0 - It's exactly what we need to hammer through these crazy markets. Thanks Bill! Keep 'em comin' - Yee Hah"
--Z.C., Australia
"It goes naturally that I am very-very-very pleased with what I am getting from your course as this is finally the real course I was seeking, and the fantastically simple right information to understand and succeed in this business! I have been 'looking' and trading demo accounts since 2001 without great success and stability, every time due to a huge-big information overload, way too much data and chart indicators following traditional methods that do not work and that always ended up confusing me. And I then stopped for a month but always was looking for simple systems or methods, and I must say: Bill, you got it perfectly! I am very pleased and impressed by your simplicity in explaining it!Well, again Bill, thank you very much for your course, it is a GREAT one! What a relief, I finally can go into this market!"
--A.C., Canada
----
So, as you can see, my new course is really connecting with traders. This is so exciting. Anyway, I hope you can join me if you get this message in time. Here's the enrollment page:
Options Mastery Giveaway
Rumors have been spreading on internet 'message boards' and 'blogs' for the last couple of days for days about what I'm about to do. And perhaps you've even heard some of them. Let me be the first to lay them to rest...The rumors are true! We're about to start GIVING AWAY our Options Mastery Series course (our flagship product) that others have paid as much as $1,997 for in the past...Why would I do that? I've listed some reasons down below...And we've just put up a new video online that I think you should take a look at...This powerful video reveals:
* An entirely new perspective on your trading in volatile markets (and why you should be paying attention).
* While the 'herd' got slaughtered last year, how the smart and savvy investors made out like bank bandits using options.
* Undeniable proof that Ron Ianieri and Options University have been calling this market meltdown for well over a year, and showing our students how to profit... and profit Big-Time...using options on the way down.
* Important new reasons why now is the BEST TIME IN HISTORY to be learning options and using them not only to protect against losses, but also to get 'back in the black' much faster than with stocks alone.
* And most importantly, how to get a personal copy of a $1,997 training course on options (our Flagship Product) totally without charge... and another $970 in complimentary bonuses and monthly 'continuing education' training.
Ok, so why are we doing this? Because I believe we're headed for even more market volatility in the future, and we may have only just seen the beginning of the US market meltdown...We could put in a bottom here, but we'll likely go much lower... with the U.S. Commercial Real Estate market on the verge of collapse, and residential home foreclosures at record numbers (so high, the banks can't officially 'post' them all)...Which means U.S. banks are also in danger.
* An entirely new perspective on your trading in volatile markets (and why you should be paying attention).
* While the 'herd' got slaughtered last year, how the smart and savvy investors made out like bank bandits using options.
* Undeniable proof that Ron Ianieri and Options University have been calling this market meltdown for well over a year, and showing our students how to profit... and profit Big-Time...using options on the way down.
* Important new reasons why now is the BEST TIME IN HISTORY to be learning options and using them not only to protect against losses, but also to get 'back in the black' much faster than with stocks alone.
* And most importantly, how to get a personal copy of a $1,997 training course on options (our Flagship Product) totally without charge... and another $970 in complimentary bonuses and monthly 'continuing education' training.
Ok, so why are we doing this? Because I believe we're headed for even more market volatility in the future, and we may have only just seen the beginning of the US market meltdown...We could put in a bottom here, but we'll likely go much lower... with the U.S. Commercial Real Estate market on the verge of collapse, and residential home foreclosures at record numbers (so high, the banks can't officially 'post' them all)...Which means U.S. banks are also in danger.
Options Mastery Giveaway
This is what Brett Fogle says about the great Options Mastery Giveaway: You may have already heard the "buzz", but just in case you haven't, I wanted to let you know about this straight away. Rumors have been spreading on internet 'message boards' and 'blogs' for the last couple of days that we are about to start GIVING AWAY...Our Options Mastery Series Course worth $1997! Rumor has it, the cost will be zero. It will be FREE
Options Mastery Giveaway
The doors are about to open to Options University's Options Mastery Series Giveaway. That happens in less than an hour. So this is it! Be ready to grab your $1,997 complimentary product (along with the $970 in valuable bonuses) today at noon Eastern. Here's the page to have "up and ready" at noon today
Options Mastery Giveaway
However, since it's important to OU that everybody gets this information, they may offer the digital version of the course if you don't make the first 1,000 trader cut. But that's not as good, and they can't promise it will even be available. So I suggest having this web page up at noon EST today (keep refreshing the page if necessary when it's time to go active), and not letting this unique chance to get world-class options trading information for free.Here's that page again
What is Forex?
If you would go out on a dinner with your friends or family and you mentioned that you were trading on the Forex market most of them wouldn’t know what you were talking about. The worst thing is that most of the Forex traders that join the Forex market don’t know what they are doing. Understanding what Forex is, is the first good step to your success at Forex trading.
The foreign exchange market (Currency, Forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. Forex transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when world over countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the Forex market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual Forex Poll, volumes grew a further 41% between 2007 and 2008.
The foreign exchange market (Currency, Forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. Forex transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when world over countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the Forex market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual Forex Poll, volumes grew a further 41% between 2007 and 2008.
Forex Turnover
Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.
Currencies
List of most popular currencies on the Forex market
Forex used to be a closed market because only the “big boys” because you needed between 10 and 50 million $ to open an account. But today, with the development of internet, online Forex brokers have the possibility to offer their services to “little” traders. All you need to start is a computer, fast internet connection and information which you can find on this page also.
This enormous market is like the dangerous sea where you can meet lots of sharks and dangerous waters but at the same time it is the only one where two weeks of trading can hypothetically bring you $1,000,000 out of $1,000 of initial investment.
This is certainly hypothetically because a lot of newbie traders deal with their trades as gambling, that surely bring them to having nothing in the end. You should always keep the phrase "be careful!" in your mind. This market would give you its profit possibilities only if you learn the basic things hard and make lots of demo trading.
The statistics is that as much as 95% of traders come to losing their money at Forex, 5% have profit and less than 1% of traders make large fortune at Forex. You shouldn't produce, sell or advertise anything trading at Forex. Your assets are your knowledge, experience and a small amount of cash.
This market is a platform for banks, transnational corporations and individual traders to change the currencies they possess into other ones. This is the spot Forex market. At this market you can trade with up to 1:400 leverage which means that you'll get $400 on your account for each dollar invested. So, you can trade with the $400,000 sum having invested $1,000 onto your account.
Why to trade on Forex?
1. There is no commission fee for trading at Forex.2. There is no intermediary, you can trade directly at Forex.
3. Forex is open 24-hours a day.
4. Nobody can influence the market for a longer period.
5. High liquidity.
6. Free demo accounts, analysis and charts.
7. Small accounts that allow everyone to try out his luck
Crude Oil - Crude Oil Surges Past $72 a Barrel
The price of Crude Oil surged passed $72 a barrel yesterday, rising an astonishing $4
to $72.68. This was fueled by 3 dominant factors. Firstly, there was yet another rebel attack in Nigeria, forcing the Shell Oil Company to close one of its refineries yesterday. Additionally, there was a bullish U.S. and European stock market session, leading to a boom in commodities, as investors sold-off safe-haven assets such as the U.S. Dollar.
Yesterday's gains came on the back of some bearishness in Crude in recent days, as the commodity failed to hold above $70 a barrel. Recent reports by the International Energy Agency revealed that demand will wane for the foreseeable future. However, OPEC is unlikely to cut supply in their next meeting in September. If there are more positive economic signs from the U.S. in the next 2 days, then Crude could hit $75 by the end of the week
to $72.68. This was fueled by 3 dominant factors. Firstly, there was yet another rebel attack in Nigeria, forcing the Shell Oil Company to close one of its refineries yesterday. Additionally, there was a bullish U.S. and European stock market session, leading to a boom in commodities, as investors sold-off safe-haven assets such as the U.S. Dollar.
Yesterday's gains came on the back of some bearishness in Crude in recent days, as the commodity failed to hold above $70 a barrel. Recent reports by the International Energy Agency revealed that demand will wane for the foreseeable future. However, OPEC is unlikely to cut supply in their next meeting in September. If there are more positive economic signs from the U.S. in the next 2 days, then Crude could hit $75 by the end of the week
JPY - JPY Tumbles on Waning Safe-Haven Status
The Japanese Yen tumbled on Monday, as the Japanese and global equities recorded significant gains. Investors also lost confidence in the JPY yesterday, as Japan released figures showing that unemployment is at a 5-year high of 5.2%. Japan's government fears it will hit 6% by mid-2010. Much of the JPY's weakness is due to
traders dropping the safe-haven JPY for more risky assets. As of late, this seems to be equities and commodities.
The Yen slid for a second day against the USD by about 50 pips to 95.92. The EUR/JPY cross slipped to135.38 from 133.90. Against the GBP, the Yen slipped 235
pips to 159.63. The Yen's volatile movement is set to continue in today's trading. Later today, this will be even more so with the release of the important Japanese Tankan Manufacturing Index and Tankan Non-Manufacturing Index at 23:50 GMT
traders dropping the safe-haven JPY for more risky assets. As of late, this seems to be equities and commodities.
The Yen slid for a second day against the USD by about 50 pips to 95.92. The EUR/JPY cross slipped to135.38 from 133.90. Against the GBP, the Yen slipped 235
pips to 159.63. The Yen's volatile movement is set to continue in today's trading. Later today, this will be even more so with the release of the important Japanese Tankan Manufacturing Index and Tankan Non-Manufacturing Index at 23:50 GMT
EUR - GBP Boosted by U.S. Optimism
The Pound recorded a volatile, but bullish trading session yesterday against its major crosses, as it benefited from the optimism from the U.S. The rally in the British stock market was encouraged by Wall Street's rally. What has been much of a pattern recently has seen the Pound rising whenever equities make significant gains in the U.S. and Britain. This may be explained by Britain's dependence on the financial sector. With this sector doing well yesterday in the equities market lent the Pound a boost, helping us understand much of the behavior of the cable.
Both the GBP and EUR posted gains against the USD and JPY. The EUR/GBP was
32 pips lower at 0.8482. It seems that if global economies continue to prove, then we may see this pair continue to approach the 0.8400 level in the short-medium term.
The EUR was also helped yesterday by strong economic confidence figures from the Euro-Zone. This is a further signal that the economic situation in the Euro-Zone isn't as dire as some analysts originally forecast.
Today, there is plenty of data coming out of Britain and the Euro-Zone that is likely to determine the GBP and EUR crosses in today's trading against the major currencies. From Britain there is the release of the Nationwide HPI at 6:00 GMT and Current Account and GDP data at 8:30 GMT. From the Euro-Zone there is the pu
Both the GBP and EUR posted gains against the USD and JPY. The EUR/GBP was
32 pips lower at 0.8482. It seems that if global economies continue to prove, then we may see this pair continue to approach the 0.8400 level in the short-medium term.
The EUR was also helped yesterday by strong economic confidence figures from the Euro-Zone. This is a further signal that the economic situation in the Euro-Zone isn't as dire as some analysts originally forecast.
Today, there is plenty of data coming out of Britain and the Euro-Zone that is likely to determine the GBP and EUR crosses in today's trading against the major currencies. From Britain there is the release of the Nationwide HPI at 6:00 GMT and Current Account and GDP data at 8:30 GMT. From the Euro-Zone there is the pu
USD - Dollar Plummets as Wall Street Rallies
The Dollar plummeted against the major currencies on Monday, as Wall Street rallied. The bullishness in the U.S. stock market also spread to Britain and the Euro-Zone. The Dow Jones rose by over 1%, while the S&P extended its best rally since 1998. Amongst the biggest gainers were banking stocks. The bullish stock market led to a fall in the Dollar across the board, as traders ditched the safe-haven USD for riskier assets in Monday's trading. This was exasperated due to traders wishing to further their profits in stocks as the quarter comes to an end.
The USD slipped about 80 pips vs. the EUR to finish trading at 1.4115. This was helped as Euro-Zone economic confidence increased more than expected this month. The Dollar's behavior was much the same against the Pound, as the GBP/USD pair rose 160 pips to the 1.6634 level. The GBP's strength may have been owed to its dependence on U.S. economic optimism. However, against the JPY the greenback extended its rally for the second day, as investors dropped the "ultra" safe-haven Yen for the "less" safe-haven USD.
Looking ahead today, there is plenty of economic news that is likely to help determine the volatility in the forex market. The releases from the U.S. are set to be the key to today. Traders are advised to pay attention to the Chicago PMI at 13:45 GMT and CB Consumer Confidence at 14:00 GMT. It is also advisable to follow the direction of the equity market, as this could be a key factor in determining the Dollar's strength later.
The USD slipped about 80 pips vs. the EUR to finish trading at 1.4115. This was helped as Euro-Zone economic confidence increased more than expected this month. The Dollar's behavior was much the same against the Pound, as the GBP/USD pair rose 160 pips to the 1.6634 level. The GBP's strength may have been owed to its dependence on U.S. economic optimism. However, against the JPY the greenback extended its rally for the second day, as investors dropped the "ultra" safe-haven Yen for the "less" safe-haven USD.
Looking ahead today, there is plenty of economic news that is likely to help determine the volatility in the forex market. The releases from the U.S. are set to be the key to today. Traders are advised to pay attention to the Chicago PMI at 13:45 GMT and CB Consumer Confidence at 14:00 GMT. It is also advisable to follow the direction of the equity market, as this could be a key factor in determining the Dollar's strength later.
Rally in Equities Pushes Investors to Riskier Assets
An extremely bullish day for the equity markets pushed investors back to riskier assets and away from the safe haven USD and JPY, causing them to plummet against their riskier counterparts. The rally in equities along with a weak Dollar has also helped push Oil prices above $73 for the first time in over a week. Today's numerous economic data releases from the U.S, Euro-Zone and Japan promise another volatile trading day and will help determine if the current trends will continue throughout the week.
Euro Vulnerable as German Retail Sales Stall, Bolstering Case for ECB Rate Cut (Euro Open)
The Euro may see selling pressure emerge in the forthcoming session as German Retail Sales come to a standstill in May, with the prospect of deepening recession boosting priced-in expectations for an ECB interest rate cut later in the week.
Key Overnight Developments
• Japan’s Tankan Survey Reveals Dour Outlook for Manufacturing
• Australian Retail Sales Top Expectations But Outlook Still Uncertain
Critical Levels
The Euro is little-changed heading in the European market open after a choppy overnight trading session that saw the single currency test as low as 1.4002. The British Pound slipped a bit lower, paring initial losses that saw the sterling sink as low as 1.6415 to trade down -0.1% ahead of the opening bell in Europe.
Asia Session Highlights
Japan’s Tankan Large Manufacturers Index rose to -48 in the second quarter from a record low at -58 recorded in the three months to March. The forward-looking Outlook index that aims to predict the third-quarter outcome rose to -30, narrowly topping economists’ forecasts of a -34 result. Despite the improvement in the headline figure, details of the report were far from encouraging: large manufacturers’ sales are expected to fall -14% in 2009 fiscal year (12 months through March 2009), the most in five years, while profits are set to shrink -39.5%. Sub-indexes measuring employment conditions and production capacity are both forecast to decline by September while the difference of expected demand less supply is set to narrow in the same period. On balance, this bolsters the Bank of Japan’s latest assessment calling for output and exports to “level out” due to inventory adjustments, meaning firms are set to continue to operate at leaner levels as demand remains lackluster. This means employment and consumption are set to remain at the lower end of the spectrum for some time notwithstanding recent improvements in household spending driven by a temporary boost from the government’s record-setting $25 trillion yen stimulus package.
Australian Retail Sales grew more than economists expected in May, adding 1% after growing 0.3% in the previous month. Forecasts issued ahead of the release were calling for a 0.5% expansion. In annual terms however, receipts grew 6%, the smallest increase since February. Department stores and clothing retailers led the metric higher, adding 5.5% and 2.9%, respectively. Sales were likely driven by the government’s aggressive spending efforts considering the same period also saw rising unemployment as well as shrinking private-sector credit. The big question going forward remains whether the economic growth will retain current momentum after the flow of stimulus cash dries up, and the outlook seems decidedly dour. A survey of economists conducted by Bloomberg calls for the jobless rate to hit 6.5% by the end of 2009, amounting to substantial headwinds for incomes and consumption, while Westpac Banking Corp has said the economy will shrink at an annualized rate of -1.5% through the second half of this year.
Euro Session: What to Expect
German Retail Sales are expected to come to a standstill in May with annualized receipts falling for the fourth consecutive month, this time by -1.5%. Deepening turmoil in the labor market has weighed on disposable incomes, trimming spending and encouraging precautionary saving. Indeed, the unemployment rate rose to 8.3% in June, the highest in 16 months, and is expected to average around 10% through the end of 2010 according to the International Monetary Fund. Consumption is the largest contributor to overall economic growth, meaning the chance of a substantive recovery in GDP growth is unlikely in the months ahead, both for the Euro Zone’s largest economy and the currency bloc as a whole. The prospect of deepening recession and an increasingly credible deflationary threat have boosted expectations that the European Central Bank will cut interest rates later this week, with overnight index swaps suggesting the market now sees a 59.9% chance of a 25 basis point reduction.
Key Overnight Developments
• Japan’s Tankan Survey Reveals Dour Outlook for Manufacturing
• Australian Retail Sales Top Expectations But Outlook Still Uncertain
Critical Levels
The Euro is little-changed heading in the European market open after a choppy overnight trading session that saw the single currency test as low as 1.4002. The British Pound slipped a bit lower, paring initial losses that saw the sterling sink as low as 1.6415 to trade down -0.1% ahead of the opening bell in Europe.
Asia Session Highlights
Japan’s Tankan Large Manufacturers Index rose to -48 in the second quarter from a record low at -58 recorded in the three months to March. The forward-looking Outlook index that aims to predict the third-quarter outcome rose to -30, narrowly topping economists’ forecasts of a -34 result. Despite the improvement in the headline figure, details of the report were far from encouraging: large manufacturers’ sales are expected to fall -14% in 2009 fiscal year (12 months through March 2009), the most in five years, while profits are set to shrink -39.5%. Sub-indexes measuring employment conditions and production capacity are both forecast to decline by September while the difference of expected demand less supply is set to narrow in the same period. On balance, this bolsters the Bank of Japan’s latest assessment calling for output and exports to “level out” due to inventory adjustments, meaning firms are set to continue to operate at leaner levels as demand remains lackluster. This means employment and consumption are set to remain at the lower end of the spectrum for some time notwithstanding recent improvements in household spending driven by a temporary boost from the government’s record-setting $25 trillion yen stimulus package.
Australian Retail Sales grew more than economists expected in May, adding 1% after growing 0.3% in the previous month. Forecasts issued ahead of the release were calling for a 0.5% expansion. In annual terms however, receipts grew 6%, the smallest increase since February. Department stores and clothing retailers led the metric higher, adding 5.5% and 2.9%, respectively. Sales were likely driven by the government’s aggressive spending efforts considering the same period also saw rising unemployment as well as shrinking private-sector credit. The big question going forward remains whether the economic growth will retain current momentum after the flow of stimulus cash dries up, and the outlook seems decidedly dour. A survey of economists conducted by Bloomberg calls for the jobless rate to hit 6.5% by the end of 2009, amounting to substantial headwinds for incomes and consumption, while Westpac Banking Corp has said the economy will shrink at an annualized rate of -1.5% through the second half of this year.
Euro Session: What to Expect
German Retail Sales are expected to come to a standstill in May with annualized receipts falling for the fourth consecutive month, this time by -1.5%. Deepening turmoil in the labor market has weighed on disposable incomes, trimming spending and encouraging precautionary saving. Indeed, the unemployment rate rose to 8.3% in June, the highest in 16 months, and is expected to average around 10% through the end of 2010 according to the International Monetary Fund. Consumption is the largest contributor to overall economic growth, meaning the chance of a substantive recovery in GDP growth is unlikely in the months ahead, both for the Euro Zone’s largest economy and the currency bloc as a whole. The prospect of deepening recession and an increasingly credible deflationary threat have boosted expectations that the European Central Bank will cut interest rates later this week, with overnight index swaps suggesting the market now sees a 59.9% chance of a 25 basis point reduction.
Crude Oil - Crude Oil Momentum to Rise Further
Crude Oil rose above $70 a barrel after an industry report showed the biggest decline in crude inventories since September in the U.S., the world's largest user of the fuel. Also today, the Energy Information Administration (EIA) report will probably give a better direction to the market.
A U.S. Energy Department report today will likely show Crude Oil stockpiles declined 2 million barrels, according to economists' estimations. A fall in crude inventories may cause the commodities market to move higher, and will reinforce Crude to stay at or go above current levels.
Oil prices yesterday spiked above $73 a barrel, which stood as the June high for more than 2 weeks, as the Dollar declined and escalating militant attacks in Nigeria raised concern that supplies may be disrupted. Crude Oil is set to extend gains amid this week's volatility and may reach the $76 a barrel level
A U.S. Energy Department report today will likely show Crude Oil stockpiles declined 2 million barrels, according to economists' estimations. A fall in crude inventories may cause the commodities market to move higher, and will reinforce Crude to stay at or go above current levels.
Oil prices yesterday spiked above $73 a barrel, which stood as the June high for more than 2 weeks, as the Dollar declined and escalating militant attacks in Nigeria raised concern that supplies may be disrupted. Crude Oil is set to extend gains amid this week's volatility and may reach the $76 a barrel level
JPY - Yen Declines as Investors Dump Safety Demand
The Japanese Yen weakened against the EUR and the Dollar yesterday after a report showed China's manufacturing expanded for a 4th consecutive month, dampening demand for the relative safety of Japan's currency. The JPY fell to 135.80 per EUR and weakened to 96.95 per U.S. Dollar from 96.36. The Yen also fell against 15 of the 16 most-traded currencies after an Australian report showed retail sales climbed for a 3rd month, giving investors more confidence to purchase higher-yielding assets.
Although, the Bank of Japan's (BOJ) June Tankan corporate survey showed on Tuesday that big manufacturers' sentiment pulled back from a record low hit 3 months ago, the improvement was smaller than forecast. The Yen edged down against the Dollar after the news but the market's reaction was subdued overall as investors decided that it offered no surprise.
Analysts said that the market has considered all the positive factors that have come out and is starting to react more to negative factors. The market is lacking clear direction and is likely to stay in an adjustment period for now.
Although, the Bank of Japan's (BOJ) June Tankan corporate survey showed on Tuesday that big manufacturers' sentiment pulled back from a record low hit 3 months ago, the improvement was smaller than forecast. The Yen edged down against the Dollar after the news but the market's reaction was subdued overall as investors decided that it offered no surprise.
Analysts said that the market has considered all the positive factors that have come out and is starting to react more to negative factors. The market is lacking clear direction and is likely to stay in an adjustment period for now.
EUR - EUR Holds Steady vs. Greenback and Rallies against JPY
The EUR gained versus the U.S Dollar on speculation European Central Bank (ECB) policy-makers will today signal that the central bank will keep Interest Rates on hold into next year to aid an economic recovery. ECB member Axel Weber said last week that the central bank has used up its scope to cut Rates. Policy-makers will leave the benchmark rate unchanged at this week's meeting, according to analyst predictions.
There is also an improving sentiment in the Euro-Zone's economic conditions. European economic confidence rose more than economists forecast in June, the European Commission in Brussels reported yesterday, signaling the region's slump is abating. Analysts predict that the ECB will keep Rates at 1% for the foreseeable future. And that might turn the EUR further on the upside.
The European currency has advanced the most in 4 months against the Yen, last traded at 135.56 yen from 135.21 yesterday. When it reached 135.96 for a brief stint yesterday, this was the highest level reached since June 15. The EUR has risen 7.1% versus the Japanese yen this year and doesn't seem to be losing any momentum.
There is also an improving sentiment in the Euro-Zone's economic conditions. European economic confidence rose more than economists forecast in June, the European Commission in Brussels reported yesterday, signaling the region's slump is abating. Analysts predict that the ECB will keep Rates at 1% for the foreseeable future. And that might turn the EUR further on the upside.
The European currency has advanced the most in 4 months against the Yen, last traded at 135.56 yen from 135.21 yesterday. When it reached 135.96 for a brief stint yesterday, this was the highest level reached since June 15. The EUR has risen 7.1% versus the Japanese yen this year and doesn't seem to be losing any momentum.
USD - USD Trades Higher on Economic Outlook
The greenback gained Tuesday as a report on U.S. home prices showed that the pace of price declines may be slowing and manufacturing data from June came in slightly better than expected. The Dollar may extend its gains versus the EUR after a report showed an unexpected drop in U.S. consumer confidence for June, increasing demand for the safety of the world's main reserve currency.
The USD traded at 1.4035 versus the EUR, following a 0.4% gain yesterday. The dollar also fetched 96.35 yen following a 0.3% advance. Tuesday's data gave investors more reasons to buy the U.S Dollar. For months, improvements in the outlook for the economy, financial markets or other companies has led to stock gains and weighed on the USD, taken as a signal of reduced demand among investors to hold the safe-haven currency.
However, analysts have said that the Dollar may be near a turning point, after trading in a pattern closely correlated with equity moves. Investors have sold U.S. Dollars recently as stock markets and oil prices rose on an upbeat view for prospects of a global economic recovery, hurting demand for the greenback as a safe haven.
Investors now await the U.S. government's high-profile monthly employment report. The jobs data is due on Thursday as U.S. financial markets will be shut on Friday for Independence Day.
The USD traded at 1.4035 versus the EUR, following a 0.4% gain yesterday. The dollar also fetched 96.35 yen following a 0.3% advance. Tuesday's data gave investors more reasons to buy the U.S Dollar. For months, improvements in the outlook for the economy, financial markets or other companies has led to stock gains and weighed on the USD, taken as a signal of reduced demand among investors to hold the safe-haven currency.
However, analysts have said that the Dollar may be near a turning point, after trading in a pattern closely correlated with equity moves. Investors have sold U.S. Dollars recently as stock markets and oil prices rose on an upbeat view for prospects of a global economic recovery, hurting demand for the greenback as a safe haven.
Investors now await the U.S. government's high-profile monthly employment report. The jobs data is due on Thursday as U.S. financial markets will be shut on Friday for Independence Day.
TRADING ONLY WITH MOVING AVERAGE
At the moment I am rather busy. Moving to a new place and house. The house still needs a lot of work. As a result, I do not have time to update this blog. Trading is still going on but on a shorter timeframe. Result is consistent now. AudUsd is very kind at the moment with no sudden movement.
In the next few weeks I will show you how to trade using only MA. As usual what works for me may not work for you. This is because some of you may not be able to follow the rules of the game.
RULES OF THE GAME
1. Trade based on your capital and the time that you have. The bigger your capital the longer the TF. The more time you have the longer the TF. Vice versa.
2. Only trade at the direction pointed by the MA pairs. If the MA pairs is showing mixed direction, do not trade. The MA pairs must be pointing at the same direction.
3. If a trade suddenly change direction, do not hesitate to close it at a loss and turn the trade. This is the hardest part where most of you failed. Free your mind or become a loser all your life.
4. Keep in mind, there is no such thing as winning all the time. Just make sure you win a lot more than you lose. In the end your profit will grow along with your confident.
Simple system with simple rules. I like to keep it simple. No point of having the most complex system when simple system can have the same result. With this system you will be out of the market most of the time. This is because you will only be taking the big move and avoiding the small move and market noise.
Last advise. Do not anticipate. Forex is not a game of inteligence eventhough this system at full swing will show you possible turning point. I am having a possible turning point for audusd at 0.7200 but I will not take it coz there will be market swing before the actual turn. Why wast time waiting for the big move when you can actually see when its going to move.
In the next few weeks I will show you how to trade using only MA. As usual what works for me may not work for you. This is because some of you may not be able to follow the rules of the game.
RULES OF THE GAME
1. Trade based on your capital and the time that you have. The bigger your capital the longer the TF. The more time you have the longer the TF. Vice versa.
2. Only trade at the direction pointed by the MA pairs. If the MA pairs is showing mixed direction, do not trade. The MA pairs must be pointing at the same direction.
3. If a trade suddenly change direction, do not hesitate to close it at a loss and turn the trade. This is the hardest part where most of you failed. Free your mind or become a loser all your life.
4. Keep in mind, there is no such thing as winning all the time. Just make sure you win a lot more than you lose. In the end your profit will grow along with your confident.
Simple system with simple rules. I like to keep it simple. No point of having the most complex system when simple system can have the same result. With this system you will be out of the market most of the time. This is because you will only be taking the big move and avoiding the small move and market noise.
Last advise. Do not anticipate. Forex is not a game of inteligence eventhough this system at full swing will show you possible turning point. I am having a possible turning point for audusd at 0.7200 but I will not take it coz there will be market swing before the actual turn. Why wast time waiting for the big move when you can actually see when its going to move.
BIG PLAYERS SEE ONLY BIG NUMBERS
I am typing this from my pc. It a bit of a mess now, the new house still needs a little work and I am not feeling well lately. Maybe its the change in climate.
This week I am going to talk about numbers only. Forex is after all based on numbers. Example, I have a long position on GBPUSD @ 1.4700 with a profit of 320 pips at the moment and still holding.
What I am going to say is big players only see big number. The do not see the last 2 digit. The last 2 digit is for scalpers. Big players only see the 1st 3 or 4 digit only. So if a bank wants to buy or hedge a currency they will give an instruction to buy at 1.47. Thats it. Simple yet people fails to see it.
So what happens at 1.47? The price will bounce of or hover around it but things arent always what they appear to be. What happen is price will have a range between 1.46 - 1.48. That is almost 200 pips wide range. Imagine what happen to your 50 or 100 pip SL?? Now you know why people lose money even though they have the right direction.
These big players have big money they dont mind to stand few hundreds negative pips coz in the end they will profit big time. What they do is they will have a standing order to trade at certain level. Because the total amount of order, the market cannot fill the order in 1 transaction and so price will hover or bounce of a certain level. This is where double top or bottom appear. Behind it is the action of filling orders by these big players.
Example EJ currently have a top of 1.34 and a bottom of 1.30. Big players are playing the game here. At the moment EJ is climbing and there is a big possibility that it will reach 1.34 again. I have a standing order to buy EJ at 1.30. If it hits there is a very big chance for 400 pips gain. Only time will tell
This week I am going to talk about numbers only. Forex is after all based on numbers. Example, I have a long position on GBPUSD @ 1.4700 with a profit of 320 pips at the moment and still holding.
What I am going to say is big players only see big number. The do not see the last 2 digit. The last 2 digit is for scalpers. Big players only see the 1st 3 or 4 digit only. So if a bank wants to buy or hedge a currency they will give an instruction to buy at 1.47. Thats it. Simple yet people fails to see it.
So what happens at 1.47? The price will bounce of or hover around it but things arent always what they appear to be. What happen is price will have a range between 1.46 - 1.48. That is almost 200 pips wide range. Imagine what happen to your 50 or 100 pip SL?? Now you know why people lose money even though they have the right direction.
These big players have big money they dont mind to stand few hundreds negative pips coz in the end they will profit big time. What they do is they will have a standing order to trade at certain level. Because the total amount of order, the market cannot fill the order in 1 transaction and so price will hover or bounce of a certain level. This is where double top or bottom appear. Behind it is the action of filling orders by these big players.
Example EJ currently have a top of 1.34 and a bottom of 1.30. Big players are playing the game here. At the moment EJ is climbing and there is a big possibility that it will reach 1.34 again. I have a standing order to buy EJ at 1.30. If it hits there is a very big chance for 400 pips gain. Only time will tell
LWMA 96
One of my favorite indi is LWMA 55. I dont know why but the price seems to react a lot of this line. People say that MA is a lagging indicator and I agree with them 100% but do not use MA as a signal generator, instead use them as a dynamic support and resistance.
For those of you who love to experiment, try putting LWMA 55 on a chart and see how price actually interact with the line. Its not magic but its a mathematical calculation.
Dont get me wrong, you may not be able to trade using MA 55 alone. Try putting LWMA 13 in there as well and remember they are not signal generators. Treat them as dynamic support and resistance.
Put it into a simple formula. If price > LWMA 13 & LWMA 55 = long. If price < LWMA 13 & LWMA 55 = short.
Try it, you may like what you find. Just needed to add in a filter to improve accuracy.
For those of you who love to experiment, try putting LWMA 55 on a chart and see how price actually interact with the line. Its not magic but its a mathematical calculation.
Dont get me wrong, you may not be able to trade using MA 55 alone. Try putting LWMA 13 in there as well and remember they are not signal generators. Treat them as dynamic support and resistance.
Put it into a simple formula. If price > LWMA 13 & LWMA 55 = long. If price < LWMA 13 & LWMA 55 = short.
Try it, you may like what you find. Just needed to add in a filter to improve accuracy.
Welcome
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