Forex Major Players and Forex Brokers

Posted by admin as forex

Where the big money is, there is the abode for all major players. And forex is a very special place to be if that adage is true. It is no surprise that you will find all the big names of financial market of this world in the forex trading nodal positions. They are the key market players or the market participants, as the jargon goes.

Levels in Market Participants
We have bank to bank trading at the top of the strata and the participating banks are the large investment banks. The access to this level is hardly available to those not in the same circle. These bank to bank transactions are within the slender margin- called the spread- which is the difference between buy and sell price. The spread widens as we go down the level but here it is truly as sharp as the razor’s edge.

Several funds, including pension funds, insurance funds etc take part in the forex market in a big way with huge volumes for small spreads.

Banks generally trade for their own account out of their own reserves. And this amounts to several billions of dollars everyday. They also let their trading account holders to trade along on speculative basis but this accounts for small a percentage in their scale of operations.

An important part in the foreign exchange market is played by corporations that want foreign currencies to make payments for their overseas service or goods transactions. In a way this is the essence and reason for the whole forex market to exist. Fundamentally, since, this is not speculative trading of currencies the companies’ forex trading hardly has any effect on the short term prices and so can be treated as a trend as to which direction the market is moving for a given currency.

When forex markets fluctuate violently, even for a short term, the national central banks enter the market in a regulatory position. With the might of substantial forex reserves to either infuse or diffuse inflation or artificial demands, they try to control the money supply. More often than not, the rumors that central banks are entering the markets act positively to stabilize the fluctuations, let alone enter in actual place.

There are large number of middle level players such as investment management funds, hedge funds etc which act on behalf of their clients. This is largely for their or their clients’ payment necessities overseas for the equities or similar investments. Like the payment based trading in the case of corporations, this doesn’t count up as speculative trading and will not impact the short term speculative market.

We see retail forex broker and day traders in the last who really account for considerable volume sheer by their numbers.

Pivot Point Trading In Forex Trading

Posted by admin as forex

Pivot points are some of the exciting trigger points for traders to enter positions in forex market as well as equity trading, although this is more or less extensively used in forex market. Calculating the pivot points is pretty simple and makes the trading day an eventful one if you got your calculations right.

So what is a pivot point? Quite expectedly the pivot point is one at which the market changes its direction for the day.

How to Calculate Pivot Points?
Use the simple formula for calculation:
Pivot point for the day = High (previous) + Low (previous) + Close (previous)
3
In short pivot point for the current day equals the average of high, low and close values for the previous day. Once having calculated the pivot point, you need to find out derivatives like three supports and resistance levels each for the current day. Here are the formulae to use for the purpose.
R3 = High + 2*(Pivot - Low)
R2 = Pivot + (R1 - S1)
R1 = 2 * Pivot - Low
S1 = 2 * Pivot - High
S2 = Pivot - (R1 - S1)
S3 = Low - 2*(High - Pivot)

So you have 7 points all put together; 3 resistances and 3 supports and one pivot point. Most of the action is going to be around S1, R1 and pivot points for the day. This is because by the time market could reach R2, R3 or S2, S3 it will already be over bought or sold.

Going forward, it would be invitation for going short if the market opens below the pivot and long if it is other way round. However, real world strategies differ hugely from this ideal situation.

Trading Strategies Using Pivot Points
There are several strategies for the vivid day trader who can use the pivot point. Some of them are rather simplistic while others are advanced where one needs to consult additional indicators such as MACD.

Basically, at every support levels and resistance levels, if the rend reverses you have the chance to enter long positions or short positions and put stop-losses at the preceding low or highs respectively. Some times the market pulls back from a support which is a signal for short entry. This trend continues for quite some time if, at that point the MACD is in a selling mode.

It is prudent for the trader to refer back to MACD at critical stages before entering into positions.

FOREX Training Video - October 31, 2006

Posted by admin as forex

Consumer confidence is way down! But pips for us are way up! We traded very conservatively today, waiting for the first five minute candle to close before we went long. Even if you missed that entry, a second opportunity was given at the swing high breakout. In either case, the sky was the limit for going long the GBP or EUR; that being the last pivot or fib extension.

Live FOREX Training | Everyday!
http://www.FxBootcamp.com
© 2005 All Rights Reserved.

Duration : 0:14:18

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Technorati Tags: 4X, currency, dollar, euro, forcast, forex, fx, money, profits, traders, trading, training

FOREX Trading | FOREX Training - November 28, 2006

Posted by admin as forex

Nice forex uptrend holding… but showing forex divergence. This indicates that as price continues up, weakness increases. Maybe not today, but a forex pull-back is becoming more likely as time goes by; perhaps at the 1.3200 double top? Pay close attention to the forex Pivots and forex Fibs. Notice how well they work as leading indicators. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Duration : 0:8:33

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Technorati Tags: 4X, currency, dollar, Exhange, Foreign, forex, fx, money, trader, training

John McCain Shares Story of Faith

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Compelling Interview with Senator John McCain.

Duration : 0:3:51

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Technorati Tags: Faith, mccain

Cambodia: VIETNAM SHARES CULPABILITY IN GENOCIDE (1of2)[KH]

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After signing of Paris peace agreement in 1991, Khieu Samphan went to Cambodia, who was near-lynched by Yuon secret agents/spies who are still living in Phnom Penh. They wanted to kill him in order to erase concrete evidences that he has had against Yuon murderous leaders in the future. “Yuon bicycle repairer, and other Yuon agents who are hired for $ US 15-$50 to kill Khieu Samphan when he was in Phnom Penh. Khmer students who are also hired to take part in this violent demonstration but they all refused to do so.”

Q: Former Khmer Rouge leaders are being blamed for the “Killing Fields” regime. What was the meaning of the “Killing Fields” regime at the time?

A: I want to point out a document detailing a meeting of the Permanent Committee of the Khmer Communist Party on May 14, 1976, in which the team leader reported the results of talks on the border issue with Vietnam. Prior to the talks, Vietnam recognized the Brevier Line with Prince [Norodom] Sihanouk. But after the May 14, 1976, meeting, Vietnam refused to respect Cambodia’s border and started an encroachment while talking about friendship and solidarity with Cambodia.

This was an ultimatum for the Democratic Kampuchea government, and fighting broke out between Cambodia and Vietnam. Pol Pot took a firm stand against Vietnam. Some Khmers who fought with Vietnam against the French were not very happy and accused the Khmer Rouge of provoking a war against a bigger and stronger foe.

The Khmer Rouge attacked Vietnamese villages, but only in defense of its land. [Former US State Department official] Kenneth Quinn reported that the “Chan Chakrei” forces were disguised as Khmer Liberation forces to fight the Khmer Rouge. The Vietnamese made the Khmer Rouge fight the Khmer Rouge.

I regret the failure to reach a Khmer reconciliation under the Paris Agreement because of foreign influence. Before the Paris Agreement , the Supreme National Council was the only source of authority, and it was good to have Prince Sihanouk as its president. At that time the three-party coalition was working well, for one decade. But there was an attempt to block the functioning of the SNC. The control was turned over to the UNTAC head, Mr. [Yasushi] Akashi. Instead of monitoring the withdrawal of foreign troops from Cambodia, UNTAC turned its focus on the elections, even when Akashi admitted that the atmosphere was not neutral for an election. At that time the Khmer Rouge decided not to participate in the election and was blamed for the genocide.

Duration : 0:7:0

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Technorati Tags: Cambodia, Kampuchea, Khieu, Penh, Phnom, Samphan

Nordstrom Price Watch Alert

Posted by admin as stock price

Hello… Welcome to Employment Crossing News… I’m Evangeline Fabia.

And This is your Nordstrom Price watch Alert!

Nordstrom closed yesterday at $29.89.

So far the stock has hit a 52 week low of $25.67 and a 52 week high of $53.47.

Nordstrom stock has been showing support around 27.04 and resistance in the 31.44 range. Technical indicators for the stock are Bearish and S&P gives JWN a neutral 3 STAR (out of 5) hold rating.

On the new York stock exchange, Nordstrom appears on the Investors Observer Analysts Favorites list

The trade has an 11.11% igned return rate for a 44.00% annualized return rate. Nordstrom does not pay dividends at this time.

For more information… visit us at Employmentcrossing.com. I’m Evangeline Fabia… thank you for watching Employment Crossing News.

http://www.employmentcrossing.com

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Duration : 0:3:21

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Technorati Tags: 25.67, 52, Alert, Analysts, appears, at, exchange, Favorites, hit, Investors, JWN, list, low, new, Nordstrom, Observer, on, price, showing, stock, stocks, support, the, Watch, week, York

Unbelievable! korean politicians fight in Nat’l embly

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This video shows scuffles between United New Democratic Party and Grand National Party. UNDP is the sucessor of Uri Party, which once was Korean ruling party before it was dismantled. UNDP wants to pass bills which includes investigation of GNP’s presidential candidate, myoung bak, Lee’s scandals with stock price manipulation while GNP tries to forestall it.

Duration : 0:4:27

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Technorati Tags: Assembly, fight, in, korean, Nat'l, politicians, Unbelievable!

As stock prices plummeted and volatility soared,

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As stock prices plummeted and volatility soared,

Duration : 0:0:19

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Technorati Tags: analysis, and, As, commentary, commercial, documentary, grassroots, news, outreach, plummeted, political, prices, soared, stock, volatility

Ben Bernanke and the collapse of the dollar….

Posted by admin as stock prices

The inevitable collapse of the dollar.
Thanks Bush, Greenspan and Bernanke

Bernanke: There’s No Housing Bubble to Go Bust
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html

“The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”

“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”

“The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.”

“A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.”

Duration : 0:7:7

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Technorati Tags: Bernanke, bubble, bush, collapse, dollar, Greenspan, stupid, the, war