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The U.S. Dollar traded weakly in yesterday’s session as it witnessed depreciation against all of its currency rivals. Plunging toward the critical levels of 1.4000 against the EUR and 1.6000 against the GBP, the greenback’s recent weakness doesn’t appear to have an end in sight for today. With an expectant worry that today’s data releases will put investor focus on America’s increase in debt issuance, thus resulting in a higher Treasury yield; the market may continue to go bearish on the USD. As expected, higher yielding assets and currencies like the EUR and GBP ...

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After testing a nuke and firing off 5 missiles over the past few days, North Korea now says that it has abandoned its truce that ended the Korean War back in 1953. They basically blamed the decision on South Korea joining the U.S.-led initiative to search ships for nuclear weapons. It called the South’s actions a “declaration of war” and pledged to attack its ships if they were stopped. Since then, South Korea reports that they see “steam” coming from a plant at North Korea’s main nuclear facility (which had formerly been closed since July 2007). It’s a sign that they aren’t bluffing and that they intend to make “weapons-grade plutonium”. Meanwhile the U.N. is working on a statement that condemns these actions. ...

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The dollar has become so weak again that it has begun to fade even against the lowly Yen. The greenback and the Japanese currency seem to be effectively fighting for the label of least desirable currency at the moment. One dollar is currently (May 26) netting 95.40 Yen. Despite a surprising strong consumer confidence reading that marked a high point for sentiment since September, data still shows people aren’t spending to match their confidence. Why? There are still 8.9 per cent of people dealing with unemployment, and ...

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More money has been lost by trading impulsively than by any other means. Ask a novice why he went long on a currency pair and you will frequently hear the answer, "Because it has gone down enough - so it's bound to bounce back." We always roll our eyes at that type of response because it is not based on reason - it's nothing more than wishful thinking.

We never cease to be amazed how hard-boiled, highly intelligent, ruthless businesspeople behave in Las Vegas. Men and women who would never pay even one dollar more than the negotiated price for any product in their business will think nothing of losing $10,000 in 10 minutes on a roulette wheel. The ...

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Consider the dangers of forex (Warning),Do not invest money that you can not afford to lose. Have a minimum of knowledge. (Forex Training), (Books on Trading):
Getting Started on Forex without knowledge, without training comes to play at the Casino and risk losing its entire capital. Trading rules are not complex, but one should know. Develop strategies (Trading Rules by William Delbert Gann) (Dow Theory):
Using a demo account to develop a strategy and find your own style of trading, depending on your ability to manage stress, you choose to make the trading day by engaging a larger portion of your capital over a short or swing trading for the medium and long term. Traders winners that they will provide if the ...

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So much for the sub-$1.00 Euro that some forecasters were calling for at the start of 2009. One Euro is now back to the level it started at as the New Year kicked off, with a value of $1.3933 currently (May 21). Several top international and European banks had predicted that the Euro would suffer a downward trend against the greenback for 2009. During the first quarter, the forecasts seemed to have some merit, as the Euro lost about 20 pips from a range in the mid-$1.40s to a ...

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I already tackled about the Introduction on the trading rules in forex. Here's the first rule in the list: Never let a winner turn into a loser

Repeat: Protect your profits. Protect your profits. Protect your profits. There is nothing worse than watching your trade be up 30 points one minute, only to see it completely reverse a short while later and take out your stop 40 points lower. If you haven't already experienced this feeling firsthand, consider yourself lucky - it's a woe most traders face more often than you can imagine and is a perfect example of poor ...

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If you are new to Forex trading then the Forex tips enclosed will help you win and enjoy currency trading success - let’s take a look at them. These 7 essential Forex trading tips are in no particular order of importance there all important! 1. Learn Technical Analysis You can learn to trade in Forex quickly, so make sure you get the right education. By far the most time efficient way to trade is to use Forex charts and simply follow the reality of price change as it occurs on the chart, this may sound simple but prices trend and if you can learn to trade these trends, you can simply lock into them and hold them for big profits. It should 0nly take ...

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EURO/USD is expected to swing and rise for the day; EURO has made the higher level consolidation and made the drop as expected from 1.3721 to 1.3556 area yesterday. Today the trading range during Japanese session is 1.3526-1.3600. Euro is expected to make a quick drop and recovery move below the low during the early European session and then swing and firm up during mid European session to drop again during late European and early US session and then rise quickly upward from mid US session to go above the high set for today. GBP/USD is ...

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Why Trade in Currencies?

There are 10 major reasons why the currency market is a great place to trade:

1. You can trade to any style - strategies can be built on five-minute charts, hourly charts ,daily charts or even weekly charts.
2. There is a massive amount of information - charts, real-time news, top level research - all available for free.
3. All key information is public and disseminated instantly.
4. You can collect interest on trades on a daily or even hourly basis.
5. Lot sizes can be customized, meaning that you can trade with as little as $500 dollars at nearly the same execution costs as accounts that trade $500 million.
6. Customizable leverage allows ...

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