Forex Trading Strategies That Are Working Right Now

Forex Trading Strategies That Are Working Right Now - PRLog (free press release)

PRLog (Press Release) - Jun 18, 2012 -
Forex traders are normally spoilt by incredible trending markets but recent volatility and uncertainty has meant that traditional trend following systems have been underperforming and smart Forex traders have had to find alternative ways to profit from the markets.

“Forex markets typically trend very well under ‘normal’ market conditions and allow an element of predictability. With the current Euro Zone crisis, Greek and French elections, we’ve seen a shift away from trending markets and a move to volatile, choppy markets.” Says Ashley Jessen, Head Sales trader at Capital CFDs http://www.capitalcfds.com.au in Sydney.

“The EUR/USD was range bound from February to May this year and trend followers would have been chopped in and out of the markets, whereas range bound system traders were able to buy weakness and sell support and profit in between.” Ashley said.

“Ideally you’ll want to get to know your oscillators like the stochastic, RSI and Bollinger Band indicators that are brilliant at looking for overbought and oversold markets. The beauty of becoming proficient in these tools is that they can be applied across all time frames, from 5 minute, hourly and daily charts. Smart traders will always have multiple trading systems including trending, range bound and volatile breakout style systems” said Ashley Jessen.

“Traders have to be flexible in the current market environment if they are to survive and thrive. Those who understand the different styles of markets and have trading systems and methodologies for each market type will prosper, no matter what the Euro Zone, G20 meeting or Ben Bernanke have to say.”

For more information on the Capital CFDs and to grab a free copy of their intuitive and simple to use trading software, head over to http://www.capitalcfds.com.au

Capital CFDs is a trading name of London Capital Group Pty Limited and is fully owned by London Capital Group Holdings Plc which is listed on the London Stock Exchange. London Capital Group transacts over 30,000 trades each day and has over 70,000 clients globally. Capital CFDs is regulated by ASIC under AFSL 364264

While Capital CFDs attempts to ensure that the information herein is accurate at the date the information was produced, however, Capital CFDs does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information provided herein and under no circumstances are they to be considered an offer, solicitation to invest or be construed as giving investment advice.

FOREX-Euro falls as Spanish yields soar - Reuters

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Forex Flash: The euro crisis is not over yet – HSBC - NASDAQ

FXstreet.com (Barcelona) - The news of that the election results in Greece yielded 162 seats for pro bail-out parties has sparked rallies in major stock markets and a short lived rally for the single currency. According to HSBC this should not make investors forget that the even the pro bail-out parties have expressed their wish to renegotiate the terms of the EU support. HSBC considers that "a temporary relief rally in the euro and risk assets does not mean that uncertainty has been eliminated. Antonis Samaras, the New Democracy leader, has said that he, too, wants to renegotiate some of the terms of the bail-out which means that a temporary halt to Troika funding cannot be ruled out. More immediately, ND needs to form a coalition involving PASOK, which has suggested forming a national unity government including SYRIZA."

HSBC adds that "while a coalition of pro-bailout parties would put the idea of a Greek euro exit on the backburner for now, it would not alter the underlying problems in the eurozone itself, including Spain, and the urgent need for a response at the June 28-29 European Council summit."

Trade Forex as Sterling Falls Following BoE Announcement - wallstreet-online.de

LONDON, June 18, 2012 /PRNewswire/ --

On Friday, June 15, the pound fell against the US dollar following the Bank of England´s announcement of an emergency liquidity package the day before. But how will you profit from this fall?

In the guide below, we show you how you can profit from the depreciating sterling through a spot forex trading account from City Index [http://www.cityindex.co.uk/forex-trading ].

BoE Announces Emergency Liquidity Package

On Thursday evening last week (14 June), Governor Mervyn King suggested more quantative easing (QE) could be on its way as the Bank of England announced an emergency liquidity package to support the British banking system.

In his keynote speech, King said that the BoE would also be providing cheap long-term funding to encourage lending to businesses and consumers.

Pound Depreciates against Dollar

Whilst many investors in the marketplace said the measures planned by King would support the UK economy; further suggestions of monetary easing prompted investors to sell-off sterling in early London trade on Friday (15 June).

How to Trade Forex

With a City Index forex trading account [http://www.cityindex.co.uk/forex-trading/features-of-forex-trading.aspx ] you can take a position on the future price movement of 37 currency pairs within the foreign exchange market.

As a global currency market - trading 24-hours a day from Sunday evening to Friday night - forex offers traders multiple opportunities to potentially profit from fast-moving major, minor and exotic currency pairs.

Unlike in traditional equity markets, trading forex with City Index allows you to profit from market movements - regardless of whether they are rising or falling.

With this in mind, using the example above whereby the pound depreciates against the US dollar - traders have the potential to ´go short´ and sell the pound with the aim of potentially profiting from every pip that it depreciates further.

In addition, as a leveraged product - forex trading requires only a small percentage of the underlying market´s total value as an initial deposit.

This enables traders to control a relatively large exposure for only a small amount, gain greater access to the global currency markets and possibly magnify gains.

It is important to remember, however, that as a leverage product, you also run the risk of losing more than your initial deposit. A forex risk management strategy [http://www.cityindex.co.uk/forex-trading/risk-management-orders.aspx ] should be used in order to limit potential losses.

Start Trading Forex

To start trading forex across a range of trading platforms - including mobile - you can apply for a forex trading account with City Index through their website: http:http://www.cityindex.co.uk

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Throwing more money at the banks - The Guardian

Larry Elliot (Comment, 18 June) misses the major problem that caused both this crisis and the Great Depression – an excessive and unsustainable rise in private sector debt as a result of excessive growth in commercial bank lending. This resulted in an asset price bubble that has burst and is being followed by necessary attempts by the private sector to increase their savings to pay off their debts. This has lead to contraction of the money supply and collapse of demand.

The real crisis is the failure to understand this core of the problem, and that the solution, as with the Great Depression, is to reverse the contraction in the money supply and collapse in demand through deficit spending supported by central banks. Only by running public sector deficits can demand be restored and private debt levels decreased. Misguided attempts to cut deficit spending while the private sector is trying to reduce their debts are doomed. The problem cannot be solved by improving competitiveness and thus increasing exports. We cannot all increase our exports and decrease our imports simultaneously. Attempts to do so will simply encourage protectionism.
Professor Anton van der Merwe
Sir William Dunn School of Pathology, University of Oxford

• Only the bankers of the money-markets and the wealthy benefit from this austerity. Let's remember that money in the form of paper or credit is only a way to harness the energies and skills of a people by paying it as wages or salaries to provide the goods and services a nation needs – food, clothing, housing and the staffing of factories, schools, hospitals and so on - a sort of lubricant for society to enable it to function. To take away much of it will make things to grind to a halt, needlessly and pointlessly.

The bankers gambled away vast amounts of the nations' money supply without any apparent benefit to the economies of Europe and America; governments should replace this lost treasure by printing money or providing credit and distributing it directly, via small businesses and government projects, to workers as wages and salaries, without giving it to the banks, which so far have only sat on whatever has been provided or reluctantly parted with it at high interest rates. Printing and distributing money like this would no doubt evoke cries of "inflation" from economists and politicians (who know nothing and have learned nothing) – but so what? There has always been some inflation in capitalist societies – look at the price of bread or of housing over the past 50 years. The money held by banks and the wealthy may then lose some of its buying power, but it would be fair to let them suffer a bit of austerity instead of passing it on to the workers. But the eurozone's bankers have a stranglehold on governments and are unlikely to let them do anything to help the people out of this austerity trap – even if right-wing governments wanted to – if they might lose the chance of making a fat profit.
Tony Cheney
Ipswich, Suffolk

• Does anyone else think the proposed £80bn to be given to British banks on the alleged condition they "pass it on to businesses and households in the form of cheaper loans and mortgages" is simply another government bail-out for a failed and failing banking system? This seems to be another £80bn to throw down the black hole where the other £800bn went at a time when people get jittery at Spain for requesting £100bn. If the government was serious about helping smaller businesses, surely a grant system would make better sense that throwing more money at banks where it, if past history is any indication, will merely be used for bonuses or to benefit shareholders.
Nathan Wild
Beverley, East Riding of Yorkshire

• Why is the government lending the banks more money at a special low rate so that the banks can lend it at a higher rate to the business sector to stimulate growth and thus make extra profit? Why not cut out the middleman and have the government lend it directly to those who want help? I recently heard Professor Steve Keen explaining the weakness of the whole system or, as he put it, the whole ponzi banking system.
David Walters
Oakamoor, Staffordshire

The results of the Federation of Small Business's latest Voice of Small Business Index are not altogether surprising (Squeeze on small firms tightens, 18 June). SMEs want to grow and banks say they want to lend, yet credit still appears to be unavailable. This is not entirely the fault of the banks. They are increasingly constrained by stringent regulation and the effects of the eurozone crisis as well as a depressed demand for any type of finance, caused by negative reports that it is unavailable. The government's conflicting messages of "batten down the hatches" and "invest to boost business growth" are simply incompatible, and SMEs are rendered immobile, not sure where to turn.

Our own statistics show that almost one-third of SMEs have no plans to invest in growth this year. This can't go on. Government, banks and businesses need to wake up to the idea that the traditional bank lending of the past is no longer the only option for business finance. There are other established alternatives such as invoice and asset based finance as well as private equity and business angels. The sooner they stop focusing on quick-fix credit, the sooner SMEs will be able to grasp other opportunities for funding and growth, boosting their own businesses and the wider UK economy.•
Peter Ewen
Managing director, ABN AMRO Commercial Finance

• There is little reason to believe that merely injecting money into the banks will do much to shake the grip of the recession. So far the most notable investment made by the effectively state-owned Royal Bank of Scotland was to finance Kraft's heavily leveraged takeover of Cadbury's. Predictably the deal resulted in both direct and indirect job losses as labour was shaken out to pay for it. At one stroke tax-payers became social security claimants with no perceptible benefit to the real economy of the UK, and British taxpayers, including those rendered unemployed, financed it. There is a sublime lunacy in this misuse of resources and we are about to see more of the same.

Is it so unthinkable that RBS could be turned into the first British state investment bank and the funds injected used to create useful enterprises creating stable employment, stimulating the wider economy and generating tax revenue? Europe is faced with a crisis on a scale rapidly approaching the second world war. The national response to that was the effective mobilisation of capital and labour, highly progressive taxation and an enormous and ultimately transforming economic and social effort. Much of that effort was directed towards the destructive power of the state and resulted in massive losses of life. Could we not devote a similar effort to creation and life enhancement
Phil Turner
Malvern, Worcestershire

Tough luck, Generation X: Only half of wealthy Baby Boomers to leave money for their kids...and ONE THIRD would rather give it to charity - Daily Mail

Baby Boomers defined as people between the ages of 47 and 66
Generation X refers to people born between early 1960s and early 1980s
55 per cent of Baby Boomers believe it's important to leave money to offspring
Most Baby Boomers believe each generation should earn its own wealth
Three-quarters of people younger than 46 favor leaving money to kids

By Snejana Farberov

PUBLISHED: 08:55 EST, 18 June 2012 | UPDATED: 15:05 EST, 18 June 2012

When members of the Baby Boomers generation die in the next 50 years, they will leave trillions of dollars in wealth behind, but their children should not hold their breath for a large inheritance.

According to the U.S. Trust Insights on Wealth and Worth annual study released on Monday, only 55 per cent of Baby Boomers - those between the ages of 47 to 66 - think it is important to leave money for their offspring.

U.S. Trust commissioned an independent, national survey of 642 high net worth adults, who were not clients, with at least $3million in investable assets.

Givers: A study found that 31 per cent of wealthy Baby Boomers would prefer to leave their money to charity

One of three Baby Boomers surveyed – about 31 per cent - don’t think it is important to leave a financial inheritance and said they would rather leave money to charity than to their children.

By contrast, three-quarters of wealthy people under age 46 said it's a priority to leave inheritance for their children.

The top reason for not wanting to leave money for their kids is the belief shared by some Baby Boomers that each subsequent generation should work to earn its own wealth.

Following closely behind is the thought that it is more important to invest in children’s success while they are growing up.

‘Our survey points to a shift in generational behavior and outlook, most likely shaped by personal experience and societal responses to economic realities,’ said Keith Banks, president of U.S. Trust.

Banks added that well-off parents are concerned that the next generation is not prepared to inherit wealth, which is not surprising considering the fact that most of the Baby Boomers surveyed don't talk to their kids about money: just 37 per cent said they've fully disclosed their net worth to their children.

Kept in the dark: Just 37 per cent of Baby Boomers said they've fully disclosed their net worth to their kids

Those over age 67 said they weren't having this discussion because they were raised to avoid money talk, while younger respondents said they didn't want to inhibit their kids' work ethic.

Unlike the majority of people from her generation, 63-year-old Kathleen Taylor, of Chimacum, Washington, taught her two grown children since they were young to be responsible for their own money.

That is why she plans to leave most of her money to her children and some money to charitable causes, ABC News reported.

One way Taylor and her husband taught their children about responsible spending was providing the value of college tuition, room and board to each of them and putting them in charge of paying the bills.

‘People thought we were crazy,’ she told ABC.

The Taylors plan to start a college fund once their children start having their own kids. And they intend to add to it on their grandchildren’s birthdays as long as Taylor and her husband are alive.

Mrs Taylor said she hopes her own children will do the same for their great-grandchildren.

The U.S. Trust study also has found that 42 per cent of Baby Boomers and 54 per cent of those under age 46 are paying medical costs for their parents or other relatives.

Here's what other readers have said. Why not add your thoughts, or debate this issue live on our message boards.

The comments below have been moderated in advance.

I know it's just your headline writer I'm taking issue with here and not the author of the piece, but in general most of the children of the Boomers fall into the generation know as Gen Y / The Millenials. Gen X's parents are to be found with higher frequency among the Silent Generation.

- Patrick, Miami, Florida, USA, 18/6/2012 19:47

Selfish to the grave. What does anyone expect of people who thinks it's ok to steamroll over the greatest generation and their own grandchildren. They had the best our country had to offer, just to create unprecidented materialism, drug abuse, family unit breakdown, law suits, squandering, greed, lies and never ending wars.

- anon, IT, 18/6/2012 19:30

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

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Monday, June 18, 2012