Archive for December, 2008
Open Question: Learn Foreign Currency Trading?
I am interested in learning foreign currency trading (FOREX). Does anyone know of a good legitimate free online training course?
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Open Question: which is the best (PDA smatphone or else) for forex trading i mean?
it most have: wifi ,could support platform such MT4, 3g hedg and stuff gps whould be nice too i am undecide between the STORM or the curve or the htc HD or i don’t know sometimes even the iphone but i still tjink there’s betteram lost cuz i don’t know which to pick…….for the best i’ll give 10 point and i’ll offer her/him a pizza …thanks
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Open Question: Help with Excel (advanced)?
I am building a spreadsheet to backtest Forex trading strategies.I want to be able to find the difference between the circled values. Ideally to put the value in cell L93.http://img205.imageshack.us/img205/4206/yahooal4.jpgThe only hard part is that there is not always 3 rows between each number to be used. Sometimes there may only be 1 row, or there may be 10 rows.Is there a way for excel to fetch values between two of the same number? Like between 0’s?I am asking b/c I need to do this hundreds or maybe thousands of times. I can find the difference between the sums of each of the two columns easily, but I want to be able to do this also.Thanks
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Open Question: Is it possible to earn a good living exclusively in the ForEx market?
Since there are so many trading methods and platforms, what is a good platform and trading system that I should investigate that would afford the best results with the least amount of risk? I understand there is substantial risk to this type of investment and one should not invest funds they can’t afford to lose.
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FOREX TRADE ALERT for CURRENCY PAIR EUR/GBP
Forex Trade Alert for - Symbol EUR/GBP.
Trade Alert for Tuesday Dec 16, 2008.
On Dec-16-2008 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell EUR/GBP @ 0.8869. Stop at 0.9036. Wave 1 or A could drop down to 0.8720 or to 0.8253.
The CCI is above 100. This currency pair is overbought at this time.
Next Day Trading Ranges for Tuesday Dec 16, 2008.
The 20 day moving average of the daily trading range is 130 Pips and the 60 day moving average of the daily trading range is 136 Pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 83.78 percent. This means that if this currency pair does not drop more than 33 pips from the opening price then there is a 83.78 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 0.8979.
The [R2] or the extreme high trading range is 0.8970.
The [R1] or the high trading range is 0.8962.
The [P] or pivot point is 0.8953.
The [S1] or the low trading range is 0.8945.
The [S2] or the extreme low trading range is 0.8936.
The [S3] or the most extreme low trading range is 0.8928.
Next Day Alternate Stops for Tuesday Dec 16, 2008
4xGENIE is not currently in a trade.
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 0.87470 then that could be a sign that the current upward momentum is reversing.
ForexGenie - Forex Trade Alerts
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Open Question: Forex Brokers or x brokers I want to know what the truth is with forex brokers?
Spreads surging, EA’s allowed or looked down upon, dealing desk messing with trades, taking stops out, re-quotes.What is the deal? Please give me the truth on all this.Just so I can decide if I want to do it anymore or not.What really goes on on the other side of the MT4 ?Any input is appreciated and your identity is stealth
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FOREX TRADE ALERT | FOREX NEWS ALERT US TRADE BALANCE
The US Trade Balance
Thursday, December 11, 2008, 8:30 EST USA
Forex news Trade Alert
It is expected to Come out -$56.0 B. If it comes -$60.0 B or higher, EUR/USD should SPIKE up by 45 Pips.
If it Comes at -52.0 B or lower, EUR/USD should SPIKE dowon by 50 Pips.
The US Trade Balance refers to the difference between exports of goods and services out of the US, and imports to America. The trade balance is one of the biggest components of the USs Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar.
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows (US Net Foreign Security Purchases, or TICs data reports on such capital flows). At a bare minimum, deficits fundamentally weigh down the value of the currency.
There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figures components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US .
The headline figure for trade balance is expressed in billion of dollars.
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Tags: currency, e currency, foreign currency, forex, Forex Market, forex news, Forex Trade | 
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Resolved Question: DUNS # and verification? Validity of DUNS #’s?
So I found a job on yahoo.com.The employer gave me a # after a couple of e-mails discussing the validity of his business. I wanted to make sure it wasn’t a scam or fraud since it was a work at home job over the internet that required access to the internet and a telephone.His grammar wasn’t that great but, then again, my spelling wasn’t the best.How do I use his DUNS # to verify that he is indeed a small business? Can DUNS #’s be exploited for scams? How else can I verify this employer isn’t a scammer? Like how can I make sure the payments for this work are legit? How do I make sure I get paid for a job like this? By the way, it’s a part time job. He says he lives in the UK and comes to the US every 5-6 months. His business does, and I quote, “organize[s] conference[s], seminars, trade shows with group of partners. [Censored for privacy] also engages in Marketing, Advertising, Consultancy and ForEx/Stock management.”Letters or words in brackets [] are edited by me to make it fit my wording. Is this legit? How can you tell?When searching for a job, most sites warn you to stay away from work from home jobs and stuff like that. However, I do need a job and this part time job seems easy. He seems a bit more legit than a scammer at this point but I want to make sure 100% he’s for real and legit.
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Open Question: Is forex trading legal in India?
I am interested in knowing more about forex trading. Can I trade from India. I am new to this aspect. Which is the best site for a fresher to learn from a to z and trade.
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