What Reports Are Important in Currency Trading?

By Ahmad Hassam

Whether you are a beginner or an advanced trader, you should know that certain reports may affect the price behavior of the currency markets. Your number one focus as a forex trader should be to look for what the voting members of the central banks are looking at and on what they are basing their decisions to adjust interest rates.

FOMC stands for the Federal Open Market Committee. Thats right, the releases of the FOMC meeting announcements are important as well as the minutes of their last meeting. The minutes are released within two weeks of the last FOMC meeting.

FOMC consists of the seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents. FOMC meets eight times a year to determine the near term direction of the monetary policy.

Wall Street anxiously watches these meetings. Changes in the monetary policy especially the interest rate changes are announced immediately after the FOMC meetings.

Feds Beige Book is important. Watch the report and the speaking engagement of the voting members of the FOMC. The other important report is the individual Fed District Business Survey. This gives you the clue as to what their intentions are and what their concerns are.

The Beige Book is a combination of economic conditions from each of the 12 Federal Reserve regional districts and is named Beige book due to the color of its cover. This report is usually released two weeks before the monetary policy meetings of the Federal Open Market Committee (FOMC).

These meeting are roughly scheduled six weeks apart. If the Beige book portrays an overheating economy or inflationary pressures, FOMC may decide to increase the interest rate in order to cool down the economy. This report on the economic conditions is used in the FOMC meetings to set the interest rate policy.

If the economy is in recession just like now days and the Beige book portrays economic difficulties, FOMC may lower the interest rate in order to stimulate the economy. The other economic report that has a huge impact on the currency markets is the NFP report. NFP stands for Non Farm Payroll.

The unemployment rate is a strong indicator of a countrys economic strength. When unemployment is high, the economy maybe weak and its currency may fall in value. Non farm payroll employment tallies the number of paid employees working part time and or full time in the national public and private sector.

There are two versions of the NFP report. One is a weekly report and is released every Thursday. The other is the monthly report that is more influential and is released on the first Friday of every month.

So watch out for a situation that reveals a major change in the interest rate policy, a surprise in the employment growth or a recession in the US economy, we should see the dollar move against other major currencies. This information can help you establish your dollar bias. - 23305

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and forex. Trade The Forex News. Learn Forex Trading.

How to Find Helpful Forex Trading Robots Comparison

By Davion Wong

There are several ways that a Forex trading robots comparison can be of help to you, particularly if you are quite clueless as to which trading software types to settle for. Forex trading can be intimidating to some people, especially without the right knowledge, but the right trading system can help you learn a few pointers along the way.

Getting profits from Forex trading can be difficult in the beginning. If you are not careful, the profits you make on each trade could be easily eclipsed by the losses you suffer. This is why getting the right software for Forex trading can help you ensure a profitable trading activity each time. A comparison on some of the more reliable trading systems will allow you to narrow down your search to more viable options.

There are various factors which affect the way you earn through your trades. Experience and knowledge in trading are both important; however the strategies that you employ could also affect the way you profit from your trades. A comparison of Forex trading robots will lead you to the trading system you are most comfortable with.

By comparing Forex trading robots, you will be able to avoid scams and to find the trading software which can help you earn trading profits in a legitimate way. When searching for trading robots, never fail to check on the software first, as well as the over-all system used by the program. Check for easy-to-use features and important guidelines. The Forex trading program should also have a reliable manual, for first time users.

There are software packages which do not require the user to perform any work at all, since the procedures are already highly automated. This is especially ideal for those who have just begun trading and would want to be involved as less as possible.

If you crave for more control however, you might want to get the more advanced trading platforms which allows for user manipulation at a certain level. Comparing trading robots for Forex is a great way to find the software that caters to your requirements and level of trading experience.

Since your budget plays a major role in getting the right trading program, these comparison websites will also allow you to look into the acquisition costs of these trading software. The more advanced trading systems are consequently more expensive.

If you are in search of a comprehensive Forex trading robots comparison, click on this link to my site and find the information you are looking for. - 23305

About the Author:

Make accurate buy/sell decisions at the right moment with this top notch forex trading robots. For more, read this Forex Autopilot review!

Forex Automatic Trading Robots

By Marty Alison

When you look online for Forex automatic trading robots or an Autopilot system for trading Forex currency, you will be bombarded with results. They will tell you that you can make money in your sleep. There is a difference between an autopilot system and a robot.

The premise of the Forex autopilot is that the program will be able to identify the trends and make suggestions for you to buy and sell pairs of currency. Usually it's in the form of a red, green and yellow light system.

There are plenty of autopilot systems out there and you will need to do some research for ones to buy. First I would suggest doing research and find the ones that seem more functional than fancy. Check demonstrations on the website and see if the interface is something you would like to work with.

Look for demonstrations on life accounts with real money. This is a good way for the suppliers of the auto pilot system to have to answer their claims. Unfortunately it's really hard to tell with the demonstrations if they are doctored or not.

The best way to really test the Autopilot system is to agree to a 30 day free trial or what ever money back guarantee offer they give you. Simply create a dummy broker account and put in a few hundred dollars you have to test it, or even use a practice account using fake money. This will get you used to the system and give you a chance to learn how to use it.

It's good to know what you're doing before getting into Forex automatic trading robots. Unfortunately Forex trading is some of the easiest trading to do, but has the most risk and most net gains as well. You really need to study up and know what you're doing before attempting any new trading venture; otherwise you will end up loosing money that you will not be able to get back. - 23305

About the Author:

Click here to learn more about Forex Trading and Forex Automatic Trading Robots!

Stock Market Investing Strategies For Beginners

By Piper Marchon

Anyone looking to learn how to buy stock for the first time should know that things have changed a lot in the last decade. It used to be that trades were made over the phone between you and a broker. Everything you did, from opening and account and discussing your goals to actually buying and selling stock, was done through your broker. Now though, with the computer taking over everything, the process of buying and selling stock has changed.

Todays investor never has to have any contact with a real person if they dont want to. The computer and Internet has allowed the stock market game to change drastically and people can do everything themselves by just pushing a few buttons. Some may argue that buying and selling stock has become too easy because it allows people to have a gambling mentality. Day trading was an offshoot of this as people learned how to buy and sell back stocks within minutes, something they would have never done in years past with the old system.

If you are just starting out in your investing career, where should you go to learn more and get good advice? Other than the Internet, the public library always has some good investing books that will explain the basics of the stock market and some investment strategies you may want to explore. The Internet has information on anything and there will be abundance on stocks, but you must be careful what advice you pay attention to as there will be a lot of questionable content there as well.

Once you have studied some stock market basics for a while, it could be a good time to get started buying a stock. You can read and learn all you want but nothing is a substitute for the real thing. On the job learning is the best teacher and that goes for the stock market too.

Although the market is down right now and it is usually best to buy stocks when they are low, you still might not want to jump in just yet. The economy is worse off than at any time in recent memory and it could be headed back down even further. In this kind of a bear market, things are so bad that all stocks will go down even if they are of companies that are doing well. It might be best to hold on and wait things out a little while until the picture becomes clearer and things start to turn around in earnest. It is best to be cautious in this kind of a bear market, especially if you are a beginner. - 23305

About the Author:

Would you like to learn how to buy stock for beginners? If so, please visit my website Stock Market For Beginners.

Get To Know The Hanging Man Pattern When You Learn Technical Analysis

By Chris Blanchet

For full-time investors who rely on volatility and day-to-day fluctuations in security prices, it is an understatement that they must learn technical analysis. Such analysis enables them to make appropriate changes to their positions, but not all technical analysis accommodates short-term trading. For traders who look to take advantage of quick entry and exit points, short-term patterns are their best allies.

This installment of the Learn Technical Analysis Series examines a short-term pattern called the Hanging Man. With an eye on the short-term outlook of a security, this pattern indicates when it is time to sell an existing position or sell short a non-existent one. In other words, it is a bearish signal.

When trying to identify a Hanging Man pattern, investors need to pull up the candlestick chart for the security in question. Rookie investors who have just begun to learn technical analysis will identify this type of chart type by a day's "Real Body" which is a box made up of one horizontal line for the security's open and another horizontal line for the close, and two vertical lines that join them (or box them in). The "Shadow" is the range in which the security trades over and below the Real Body.

When it comes to the Real Body of a Hanging Man, it will need to be a "Black Body" meaning the security closed lower than it opened. The Shadow will look like a tail with preferrably no Shadow above the Real Body. The tail should also be rather long, ideally twice as long as the box of the Real Body. For investors who are just starting to learn technical analysis, the Hanging Man might look more like a square tadpole than a hanging man.

As with any pattern, people who learn technical analysis will still want to confirm signals with other indicators, including fundamental analysis.

On the open of the day following the Hanging Man pattern, investors should seek a gap down from the Real Body of the pattern. The wider the gap (the farther down it opens from the Real Body) the better. Additional confirmation can be obtained if the Real Body of the day that follows the pattern is entirely below the Real Body of the Hanging Man pattern. Since most traders who learn technical analysis will not wait two days to execute a trade based on a Hanging Man, other technical and fundamental indicators should be used to confirm or refute the pattern early.

In some cases, bullish market activity could produce a false Hanging Man pattern. Investors can confirm a false pattern when the open of the next day's session is higher than the Real Body of the signaling Hanging Man pattern. As well, investors should be wary of White Real Body patterns, which occurs when the pattern's close is higher than the open.

Even after people learn technical analysis, they will never rely on a single pattern to make a decision on a security. In most cases, they will use the pattern as a starting point and refer to other patterns and indicators to confirm or refute that indication. The more confirmation they have, the smarter their trades and consequently the higher their success. - 23305

About the Author:

Chris Blanchet has more than 16 years of experience as a Financial Advisor at one of the world's largest banks by market capitalization. To learn technical analysis free visit Online Trader Today.com where Chris writes about Technical Analysis and Options trading. Chris also maintains a debt-free blog at How To Repay Debt.com

What Millionaire Traits Do You Share With The Wealthy?

By Dan Gazaway

Who wants to be the next millionaire? I think all of us want to make a lot of money for a variety of reasons. Most people are unsure how to go about making a fortune and feel they will never have the opportunity to make a lot of money. However, today there are many ways to make money, particularly on the internet. Success Leaves Clues! Lets take a look at some of the most common characteristics most millionaires have.

We can learn a great deal from Millionaires about creating wealth. Because all successful people have left certain clues as to how they have created abundance and lost millions; we have the privilege of learning from their successes and failures. This tends to save the average Joe a lot of time trying to figure this out all by themselves. That is why most millionaires have mentors. They understand the value of their time.

Aside from their amazing work ethic, most of the wealthy work more than 40 hours a week; Millionaires know how to leverage their time and resources to work more efficiently. They hire others, saving them hours of time. They hire out their weaknesses and focus solely on their strengths. Their business is their passion in life and dont feel it a drain of energy to constantly talk about it.

Millionaires are great at leveraging other peoples time and money. They hire people who have talents they dont possess. Therefore, they hire out their weaknesses and focus on what they do best. Because they are so passionate about what they do, people (their clients) recognize that and they buy from them.

Although there are thousands of ways to create a life of abundance, my personal preference is making money on the internet. I absolutely love it! I have had amazing days, weeks and months online and continue to plug away at it. Although it hasnt always been easy, I stick with it because it is so much fun. If you have tried many businesses that have failed, you are not alone. I have failed miserably before. I have learned Real Estate is not the way to go for me. Most millionaires have been bankrupt at least once, if not several times. Hopefully that will give you some determination to carry on. Every failure is really a success. Keep on plugging away and stay positive. You will reach your millionaire status before you know it. - 23305

About the Author:

Learn how to make make money on the internet with knowledge worth knowing. We share home based business ideas that are worth knowing.