Forex EA, Scalping EA
Should you want to learn to trade forex here are some of the basics you should know. Since its one of the most lucrative markets, one can learn to trade forex Forex is traded in currency pairs. However, the only requirement is that as long as the user can spare 10 minutes a day on the evenings then they are all set to start trading forex and slowly building their trading account and wealth, all by using 10 Minute Forex Wealth Builder. What are the 2 systems in this package There are 2 types of systems the first one being the Breakout System while the second system centers on Swing Trading method. A) The Breakout System . This forex system relies on price action for entries into the market with the trend. There is even Forex trading softwares available to help you with your Forex trades. This type of software can really help you make money in Forex by automatically buying and selling currencies for you. If you are a speculator, Forex automatic trading software is the best software for you. In fact, when you sign up in an online Forex trading website, some of these websites can offer you free automatic trading software as a part of their promo by opening a Forex account with them. The ability to trade on the Forex market online has become possible because traders are able to access more information relating to currencies than ever before. Now it only takes a couple of mouse clicks to allow a Forex trader to access current prices, trends, commentary and full histories on exchange rates to better determine exactly how the Forex trading market is performing and behaving. Forex investors and traders can develop much more sound Forex trading strategies simply by learning how to use all of this information to their greatest possible advantage. Day traders who are trying to break into the Forex market are finding it easier than ever because the current information that they need for accurate trading is easily at their fingertips. Dean Saunders states that this system is a secret to trading forex successfully and requires only 10 minutes each evening to trade. For more details, user can find in-depth explanations about this system on page 38 of the forex builder course. B) 10 MFWB Swing Trader .
How can I Benefit from Trading Forex with the MT4 Android App? - Embedded.com
SADDLE RIVER, New Jersey, May 18, 2012 /PRNewswire/ --
The MT4 Android™ App for FX Solutions LLC is a powerful tool for traders to access the global currency markets from virtually anywhere in the world, at any time.
Launching in April this year [2012], the mobile trading app - which is derived from the downloadable MetaTrader 4 platform - enables investors trading the fast moving forex markets full account access, allowing them to stay up-to-date with the latest developments in this 24-hour market.
MetaTrader 4 (MT4) Platform
The MT4 platform incorporates powerful charting with customizable indicators as well as FX Solutions' EBS-derived pricing.
MT4 Android App
Incorporating the key features of the popular MT4 platform - also available to download through FX Solutions; investors can access the professional trading platform from virtually anywhere.
Key features of the MT4 Android App include:
- Real time streaming quotes
- Interactive charts
- Ability to trade directly from the charts
- Utilize the full range of orders (including pending)
- Access trading history
- Trade over several timeframes (M1, M5, M15, M30, H1, H4, D1)
- Access Bar, Japanese Candlestick and Line charts
- View and amend multiple Watch Lists
Download the Free MT4 Android App
To download the free MT4 Android App and start trading forex at a time that suits you - you'll need a forex trading account with FX Solutions.
Step 1: Open a Forex Trading Account
It's quick and easy to do - simply apply for a forex trading account online at FX Solutions.
Step 2: Search & Download
You can search and download the MT4 Android App either direct from your Android Device or online where you can choose where to send the app.
Simply go to Google Play either on your device or online and search 'MetaTrader 4.'
Click 'Install' in the top left hand corner and your app will start to download.
Step 3: Log In and Trade Forex
Once your app has downloaded and installed itself on your Android device, you can log in using your FX Solutions forex trading account details.
Warning: To access all the benefits of trading forex with FX Solutions, you must create an account first online. If you apply for a live or demo trading account through the app - you will not receive these benefits.
Trade Forex with FX Solutions
FX Solutions is a leading foreign exchange broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients institutional trading partners and introducing brokers in over 100 countries.
For more information, please visit http://www.fxsolutions.com/
Remember, forex trading involves a substantial risk of loss and is not suitable for all investors.
Android is a trademark of Google, Inc. MT4 Android is subject to FX Solution's mobile terms found at http://www.fxsolutions.com/support/regulation.aspx
SOURCE FX Solutions
Friday Forex Forecast for AUDUSD, EURUSD, & USDCAD - Int'l Business Times
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The Euro is in a bear market and the Continent is under heavy financial stress due to the continued deterioration of Greek situation. The recent string of disappointing economic numbers in both Europe and now America is a serious concern for global markets that is not going away. As if things weren't bad enough, the current seasonal in the Euro for May and June is decidedly bearish - see Figure 2. A panic in the Euro tightens the noose on the Continent, and threatens contagion of the global system, which is why central bankers are rumored to be supporting this currency. Because if that support the Euro still has a near-term, and relevant reputation for short squeezes. The Euro comprises 60% of the U.S. Dollar Index, and in times of risk, money still flow to dollars. The Euro really doesn't stand a chance, and is likely about to make the U.S. dollar look very good in comparison. Our intermediate-term down-side target remains 119.00.
Join Jay Norris point out trade signals in live markets on the London/U.S. overlap every Monday & Friday go to: Live Market Exercise Workshop.
USDCAD took advantage of the bad news and stock weakness to extend its gains. After breaking out above 100-50 earlier in week - see Figure 3 --USDCAD extended the rally to post a new 4-month high settlement just below 102.00. USDCAD is in the process of shifting its secondary pattern higher in-line with its primary pattern, which is already higher following last year's 3rd quarter rally. USDCAD is a benefactor of dollar strength/risk, and continues to be a good hedge for U.S. stock market weakness. We continue to favor short-term price dips for buy set-ups.
Join Jay Norris point out trade signals in live markets on the London/U.S. overlap every Monday & Friday go to: Live Market Exercise Workshop. Jay Norris is the best-selling author of Mastering the Currency Market, McGraw-Hill 2009 and "Mastering Trade Selection & Management", McGraw-Hill, 2011.
FOREX-Euro climbs from 4-month low but crisis remains - Reuters
* Euro lifts off four-month low vs dollar, eyes 2012 low
* Broad demand for safe havens supports dollar and yen
* Greek politics, Spanish bank problems weigh on sentiment
NEW YORK, May 18 (Reuters) - The euro lifted off a four-month low against the dollar o n Friday as investors pared bets against the single currency after a 4 percent drop this month, but ongoing concerns about Greece and instability in the Spanish banking system were likely to keep it under pressure.
Investors preferred the relative safety of the U.S. dollar and the Japanese yen and were reluctant to increase risk exposure after Moody's cut the credit ratings of 16 Spanish banks on Th ursday.
With no U.S. data likely to drive foreign exchange markets, investors are most likely to consolidate positions ahead of the weekend after days of euro losses.
"The biggest risk today is position squaring into the weekend; however there appears to be increasing evidence that the euro is likely to move lower in the days ahead," said Camilla Sutton, chief currency strategist at Scotia Capital in Toronto.
The euro tumbled to $1.2640, not far from its trough of 2012, before recovering to trade 0.2 percent higher at $1.2724.
Some traders said the euro's recent decline could slow, given investors may be wary of holding positions over the weekend when leaders of the G8 major industrial economies meet.
The euro, down 4 percent against the dollar this month to date, was on track for its third straight week of losses, using Reuters data. The 14-day exponential relative strength index posted at 15.18, leaving the euro in oversold territory since May 7.
The euro fell to 100.17 yen, its lowest since early February, before recovering.
Strong demand for the greenback helped the dollar index to a four-month high.
Strategists said the euro would remain vulnerable to further bad news out of the euro zone, and looked set to test the 2012 trough. A break below there would take the euro to its weakest level versus the dollar since August 2010.
"If it's not Greece, it's Spain that we talk about to sell the euro. People are looking for bad news and they are concerned there appears to be no solution," said Lutz Karpowitz, currency analyst at Commerzbank in London.
Greece faces fresh elections on June 17, with many investors increasingly concerned a victory for anti-bailout parties could lead to Greece exiting the euro zone.
A recent poll showed Greece's conservatives have overtaken the anti-bailout leftist SYRIZA in popularity, although the volatile political mood meant most analysts saw the outcome of the elections as a significant risk.
Worries about Spain's banks and prospects of more state bailouts for lenders kept the country's borrowing costs high.
POLICY RESPONSE
Talk of a ban on naked short-selling of Spanish banking stocks lifted Europe's bank shares and this brought some respite to the euro, but the common currency's medium-term prospects remained bearish.
Reflecting that, one-month euro/dollar implied volatility climbed to around 11.55 percent while three-month risk reversals - a measure of relative demand for bets on the euro rising or falling - were at -3.45 vols on trading platform GFI in favour of more euro weakness.
"A lot of bad news is already priced in by now - it depends what happens in Greece and, of Spain, whether there will be a further decline in bank deposits - if that would happen then you would expect euro/dollar to go down," said Jaco Rouw, fund manager at ING Investment Management in London.
No economic policy decisions are expected from the G8 but officials said U.S. President Barack Obama hoped to promote discussion on steps to resolve the euro zone crisis.
The dollar was flat against the yen at 79.35 yen and well above a three-month low of 79.12 touched on Thursday, according to Reuters data. Traders cited stop losses orders below 79.00 yen and 78.80 yen, while offers were likely to cap dollar gains around 79.50.
You too can be a forex trader but be warned, it's a gamble - The Age
SO THE $A goes through parity, in the other direction this time, and again every Tom, Dick and Harry is suddenly a currency expert.
The same thing happened when it first rose through parity in October 2010. It's as if the Aussie dollar hitting the big figure miraculously releases a foreign-exchange-predicting hormone that empowers everyone with the skill to predict the future.
But the idea that you can suddenly speculate in foreign exchange and make money, just because it's through $US1, is ridiculous. What could you possibly know about the future direction of the forex markets? What edge could you possibly have on the whole currency trading world? Where could you have possibly got this wisdom from? I'll tell you. You ripped it out of your a@#*, because that's the only possible place your complete guesswork, seat-of-the-pants, mean-reversion, media-fed instinct could possibly have come from. There are thousands of professional currency traders throwing themselves on the rocks every day trying to forecast the currency, but no, we're going to beat them from the comfort of our own home - sure.
The only reason forex trading is so heavily marketed to the public is because CFDs got a bad name and this is the next best reincarnation, another leveraged derivative substitute. And the reason they are such a good product is because the currency market ticks every second, 24 hours a day, whereas equities tick once a minute for eight hours a day. Net result, forex bunnies - sorry, clients - can fit at least three years of equivalent equity trading into one year of forex trading, blow themselves up three times as fast and the platforms that take the other side of their bets earn their money three times as fast.
It is also perfect for charting, and it's fast and exciting, action all day and all night, and what better than a two-hour free seminar, a smattering of sophisticated jargon like doji and harami to empower you. It's so convenient and liquid, the software is truly sexy and you can trade while the rest of us sleep. It's miraculous. And it's pathetic. Come on everybody, who do you think you are?
The currency markets are for business to exchange one currency for another, hedging, and the professional systems trader. They are a graveyard for the part-time speculator. There is no edge for the mortal man no matter how many home-study DVDs you buy. Trading currency is a full-time job for technical experts. There are some ''systems'' that appear to work by exploiting tiny margins over long periods of time and then there are the major banks that see the real currency flows (they handle massive currency deals for corporates that have to move money cross-border) and they trade around the edges of that information with some chance.
But do you really think you can find an edge trading with borrowed money that has you leveraged into a much bigger position than your capital would otherwise allow, while you pack four kids off to school and hold down a proper job?
No, you cannot be a forex trader from your own home. No, the average forex trader does not earn $100,000 to $2 million a year starting with as little as $10,000 in their trading accounts. The average home forex dealer puts $10,000 in someone else's bank account with the slenderest understanding and blows the lot in a month, three if they are lucky, and the reason you don't hear about it is because they are too embarrassed to tell anybody. They only market the winners.
You can dress it up as sophisticated investment, you can credit yourself with brains when you make money doing it, but the truth is that no one knows where the currency is going in the short term or long term and any forecasts, amateur or professional, are fanciful guesswork rather than a researched likelihood.
Forex trading for retail investors is now a massive business, not because people make money, but because people love to gamble - the only difference is that trading the currency market sounds smarter than gambling. But the outcome is the same.
Marcus Padley is a stockbroker with Patersons Securities and author of sharemarket newsletter Marcus Today. For a free trial, go to marcustoday.com.au. His views do not necessarily reflect those of Patersons.
DEA Drug Tales: The Death of William Coyman and His Money - Opposing Views
Everyone knows how it’s supposed to go – the DEA or other policing agency catches the bad guys and seizes their stuff. The news reports about drug interdiction usually list the amount of cash taken in the arrest. It’s the norm for goods and money taken to then go to the agency involved to fund further anti-drug operations.
But what happens when there’s a counterclaim?
In what may turn out to be an important test case, the DEA seized $180,000 with the claim it was drug money and the purported owners are taking them to court to get it back.
This follows the heart attack death of William Coyman. He stepped off a train in NY and died on the platform. A search of the bag he had found $180,000 in cash. If that wasn’t suspicious enough, it turns out Mr. Coyman had previously been incarcerated for drug dealing and, at 75, was a retired union man – a union tied to organized crime.
But what is really at issue is just how the DEA determined it was drug money, since no drugs were found on the dead man. They used a drug dog who was alerted to the cash.
Further investigation found that Mr. Coyman was transporting the money for a production company in Boston. According to a report from MSNBC, the company, 180 Entertainment, is also under suspicion.
They quote Mr. Coyman’s son, speaking about his father, “The people connected to that money are probably not good people. My dad was a great man. But clearly he had a colorful history.”
The question is whether the dog’s testimony is enough to label the money as “illegal drug money” and subject to seizure. There have been no drug arrests, nor has any crime been alleged. And in 2009, CNN reported that 90% of US currency had traces of cocaine on it. How exactly does one tell, without other evidence, that money was used to purchase drugs?
How this plays out in court will be instructive. 180 Entertainment wants their money back. If they survive the assumed investigation into their activities, it will come down to a dog’s nose.
Students Fight Money in Politics | The Nation - Nation
This article was originally published by Huff Po College.
The odds might seem slim that two university students from different coasts, backgrounds and interests would be focusing their activism toward the same goal. But in the fight to get corporate money out of politics, Ariel Boone of U.C. Berkeley and Falon Shackelford of Howard University in Washington, DC are an unlikely team. The unfair corporate influence in our elections affects us all -- for the many young people struggling to afford college, the idea that their tuition dollars may end up trickling down to Super PACs and funding attack ads is appalling. Students across the country who believe that tuition money should ultimately be invested in education instead of politics are taking action -- and starting with their own campuses.
Everyone should have an equal vote in our elections. But everyone should also have an equal voice in influencing electoral outcomes. Unfortunately, the Supreme Court's decision in Citizens United put that ideal in jeopardy. Now able to spend more than ever before, major corporations are stacking the deck in their favor and drowning out the people's voice. Here's the kicker: the money these corporations are spending in politics is actually our money. Corporate money in politics affects everyone, even students, because the endowments of many colleges and universities invest those funds with corporations that make secret political contributions.
Many students live the values of their university, but that doesn't mean we should have to live the values of the corporations that manage its money. Once your dollar gets in the hands of a corporation like Bank of America, all bets are off. Students are less than thrilled about becoming indirect underwriters of the American Legislative Exchange Council,private prisons companies, subprime loans, and other unsavory corporate activities.
The worst part is that we often don't know how this money is used because corporations don't have to tell us. One thing is certain: a large amount of it ends up funding the constant bombardment of election ads that influence the outcomes of elections across the country. This system of secret donations and disproportionate corporate influence doesn't look anything like the system most of us learned about in civics class. Those who would prefer to not do business with such corporations are seeing their efforts thwarted by their own universities -- and they're demanding the power to say no. And by moving your money into a bank or credit union that invests locally and responsibly, Ariel says, "you can create change in California and the UC system in a matter of seconds."
With leadership like this, young people are taking action and sending a loud and clear message to corporations: leave democracy to the people and stop spending money on politics. In her capacity as a student senator at U.C. Berkeley, Ariel Boone introduced and helped pass a resolution that withdrew the student government's $3.5 million treasury from Bank of America. Across the country at Howard University, Falon Shackelford helped organize fellow students to participate in demonstrations at local Bank of America branches as part of a nationwide protest against corporate political spending. These demonstrations were part of a larger action by good government activists, which culminated with shareholder resolutions calling on Bank of America and 3M to refrain from spending on elections and to disclose their political activities.
By taking different approaches but focusing on the same goal, students are making their voices heard and making real change. Fighting for the integrity of our democracy is a common bond that unites us all. Our future depends on it.
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