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Overseas Property And Foreign Currency Exchange A Road To Ruin
By Nicholas Marr
Overseas property investors and those buying property abroad as a second home are missing out on opportunities to save money on their overseas property purchases. Property abroad is providing cheap Read more...


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Futures Versus Forex (foreign Exchange Market)
By Jeff Slokum, Thu Dec 8th
Todays current futures market is quite unlike the futures of the19th century. Todays future market is a worldwide one thatincludes manufactured goods, financial currencies and treasurybonds, and Read more...

Forex Trading Education
By Raul Lopez, Thu Dec 8th
How difficult is it to make money trading the Forex market? Howmuch time does it take to actually be able to make a livingtrading the Forex market? These and other important aspects oftrading are Read more...


 

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Forexinterbank Forex Trading Course For Day Traders And Small
By Ron Scott, Thu Dec 8th

More and more day traders and small investors are turning to theforeign exchange market and for a number of goodreasons. "The spot forex market provides them the means toinvest without concern for liquidity or market manipulation,"says John Keister, ForexInterBank’s CEO. "More importantly,forex pivot point trading provides conservative investors themeans to turn a modest but consistent profit."

"Historically, the investment opportunities afforded by forextrading have gone largely unrealized because, up until a fewyears ago, the market had been the exclusive domain ofgovernments, banks, institutional investors, and brokeragehouses. Now, through ForexInterBank, investors can learn how totake advantage of those opportunities using a forex tradingcourse designed to simplify the process and to accelerate thelearning curve," say Keister, a medical doctor who first startedtrading forex while he was in medical school.

According to Keister, forex trading, while well known in the‘inner circle’, is only now beginning to get the attention ofboth day traders and private investors. "Ten years ago, it wasdifficult to find a day trader or private investor who wasfamiliar with the market. Now at least half of the people I talkwith are at least mildly familiar with the market and half ofthose have actually dabbled in it," he says.


Keister attributes this increased interest level to a number ofproblems unique to equities and futures trading. "The biggestproblem is that price fluctuations on the equities and futuresmarkets are all too often a direct result of manipulation and/orthe buying and selling habits of major investors. Prices are notdriven as much by supply and demand as they are driven by marketmakers, media hype, and large institutional investors who havethe financial means to literally make or break a stockovernight," he says.

The forex spot market, according to Keister, isn’t subject tothat kind of manipulation. The average daily turnover in theforex spot market is approximately $1.3 trillion dollars, 30times the turnover of all equity and futures markets combined.Unlike the equities and futures markets, forex marketfluctuations are driven by pure supply and demand - the purchaseand sale of foreign goods and services and, of course,speculation.

Experts estimate that 5% of the market’s turnover is actuallydriven by trade imbalances, the remaining 95% comes fromspeculation. "One doesn’t have to be an economist to understandthat it is virtually impossible for any entity to manipulate amarket of such an immense size," Keister says.

"What makes forex even more attractive is that one doesn’t haveto waste time spending endless hours doing technical analysisand studying fundamentals that, as I mentioned before, can betotally invalidated by the actions of insiders and majorinvestors," he says. "Forex trades, while certainly not withoutrisk, can be profitably and predictably executed without endlessand sometimes fruitless study."

A second drawback to equity and futures markets is that oncemade investments are not very liquid. "Investors can’t reactimmediately to fluctuations in the equity and futures marketsbecause those markets are not ‘openly’ traded 24 hours a day. Alot can happen between the closing and opening bells, let aloneover a long weekend, and if the investor sleeps late, he maywake up to find upon opening that he has suffered significantlosses," he says.

"By contrast, the forex market never closes. Once a trade hasbeen initiated, the investor has the ability to modify theparameters of that trade 24 hours a day."

Perhaps the biggest factor making forex trading attractive isthat trades are not commission driven or heavily fee based andthis is why Keister got involved in forex pivot point trading inthe first place ten years ago. "Like most investors, when Istarted looking for ways to invest my money, I began the processworking with stockbrokers who were more interested in churningmy accounts than they were providing me with the information Ineeded to make ‘my’ cash register ring," he says.

"In search of a way to avoid costly brokerage fees, I lookedinto traditional day trading but found that the costs wereprohibitive. First, one has to invest a great deal of money inan education which can, as I said earlier, be renderedirrelevant by players who can easily manipulate the market.Secondly, one has to ‘pay the piper’. By that I mean you have

Rank Reports Profits Down Due to Investments in Marketing
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.online-casinos.com/news/news3110070.asp" style="font-size:1.2em">Rank Reports Profits Down Due to Investments in Marketing</a> <br> <span style="color:#888888;">Online-Casinos.com</span> - <span style="white-space:nowrap">1 hour ago </span> <div style="width:80%;">Despite a 10 percent rise in revenues in the first half of 2010, the UK land and gambling group Rank plc also reported this week a 23 percent decline in operating profit to GBP 2.3 million. (Great ...</div> </div>
British Pound Volatility Ahead on Bank of England Rate Decision
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2010/07/30/fwf_073010_gbp.html" style="font-size:1.2em">British Pound Volatility Ahead on Bank of England Rate Decision</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The British Pound may turn volatile in the week ahead as the Bank of England delivers the first rate decision based on an updated inflation outlook taking into account the government&#39;s austerity ...</div> </div>
British Pound Spiked Up Further Against Majors
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Id=1377403&SM=1" style="font-size:1.2em">British Pound Spiked Up Further Against Majors</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">(RTTNews) - The British currency spiked up further against major opponents during New York mid-day trading on Friday. The pound climbed to more than 3-week high against the euro and a multi-month ...</div> </div>
Euro slips back to $1.3015
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.13wham.com/business/story/Euro-slips-back-to-1-3015/ueFOlVd5Y0Ck2AXqtSbhmA.cspx" style="font-size:1.2em">Euro slips back to $1.3015</a> <br> <span style="color:#888888;">13WHAM-TV</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">In this photo illustration a Euro note and a GBP note are displayed on April 17, 2008 in London, England. (Peter Macdiarmid, Getty Images) BERLIN (AP) ? The euro is a little lower against the ...</div> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-gbp-technical-major-currencies-2010-07-30.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">Despite of the pair moving within a bullish direction, signs of 1.5630 remaining intact are clearly appearing, where the harmonic bearish pattern has taken an AB=CD formation that has been ...</div> </div>
Great British Pound vs. Japanese Yen (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-vs-japanese-yen-2010-07-30.htm" style="font-size:1.2em">Great British Pound vs. Japanese Yen (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The pair declined yesterday, but from a pure technical harmonic point of view, we can see on the daily chart a chance for resuming a suggested CD leg for AB=CD pattern. We have two technical ...</div> </div>
British Pound Pressing against Resistance Line
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-07-29-1627-British_Pound_Pressing_against_Resistance.html" style="font-size:1.2em">British Pound Pressing against Resistance Line</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce. The GBPUSD rally has exceeded ...</div> </div>
British Pound Turnaround May Be on the Horizon
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/gbp-usd/2010-07-29-1522-British_Pound_Turnaround_May_Be.html" style="font-size:1.2em">British Pound Turnaround May Be on the Horizon</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.76 as nearly 64% of traders are short. Yesterday, the ratio was at -1.74 as 63% of open positions were short. In detail ...</div> </div>
Forex spread betting: GBP in focus
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.spread-betting.me/spread-betting-forex-00402.html" style="font-size:1.2em">Forex spread betting: GBP in focus</a> <br> <span style="color:#888888;">Spread Betting for Me</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">A roundup of technical insight and views from the forex spread betting and forex trading industry. Those looking at spread betting the British Pound should note that the Pound has declined ...</div> <a href="http://www.economy-news.co.uk/exchange-rates-29201007-2.html">Exchange rates: British Pound in moderate declines</a> - <span style="color:#888888">Economy News</span><br> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-29)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100729/great-british-pound-gbp-technical-major-currencies-2010-07-29.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-29)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The pair continues the bullish trend within the bullish channel shown above, as the pair is closely nearing key resistance for the main ascending channel, accompanied by overbought signs through ...</div> </div>

tobuy or lease an extraordinarily expensive and exotic softwareprogram that will enable you to execute trades.

"Of course, one can always find ‘free’ software, but the annualsoftware lease agreements and/or membership fees paid to thecompany offering it end up costing more over the long term thanyou would have paid had you purchased the software outright," hesays.

Disappointed with the vagaries of the equity markets, hiddenagendas of brokerage firms, and the sizable start up costs ofequities day trading, Keister’s turned to forex. "Forex tradingis excruciatingly affordable. One doesn’t have to invest afortune in software and on-going membership fees to get started.Trading software is readily available on-line and the only feeone can anticipate is a modest transaction spread," Keister says.

"When I first started looking into forex trading, I discoveredthat the only way small investors could get in the market was tojump in the deep end, more often than not, without the knowledgethey needed to keep themselves afloat. Like everyone else, Ipaid dearly for my lessons because I couldn’t find a mentorwilling or able to provide the information I needed to succeed.Now that I look back on the experiences I had, I can understandwhy that information wasn’t readily available. The big boys werejust too busy making money and had nothing to gain sharing theirexpertise with little guys like me," Keister says.

When Keister first entered the forex market, he was naturallyfrustrated by the fact that there was no single, reliable sourcehe could rely on to get answers to even the simplest questions,"he says. "There were a few insiders who assembled rudimentarytraining materials they would sell at an exaggerated cost, but Icouldn’t find a central source of information about forextrading and, more importantly, couldn’t get clarification whenthe materials provided generated even more questions than theyanswered.

"Over the past ten years I’ve also read scores of books aboutforex trading and they, too, have a common problem. Whileproviding an abundance of information, they unnecessarilycomplicate the process," he says. "Forex trading is a verysimple process based on a mastery of a number of visual cuesthat normally occur above and below pivot points. You don’t needto understand why the market behaves the way it does. You onlyneed to be able to recognize a few predicable patterns togenerate a reasonable and consistent return on your investments."

Failing to find an adequate source of information, Keisterdecided to put together an education program of his own, onebased on his own successes and failures. "It was clear to methat the forex education arena was lacking so I put together aforex trading course that simplifies the process, providinganswers to basic questions the experts were too either too busyto answer or couldn’t answer in a language that can be easilyunderstood," he says. In the end he believes he has developed aforex trading course that actually makes forex trading easy - aforex trading course for dummies.

Why would he use the term ‘dummies?’ "Not to 'dis' the youngergeneration, but I hired a number of high school and collegestudents to test the program and the majority are nowsuccessfully trading on their own behalf. Those who are underageare using custodial accounts set up by their parents," he says."If they can do it with as little knowledge as they have, anyonecan do it."

Unlike so many online forex training programs that sell theirclients training materials and then disappear, ForexInterBank’sprogram includes live, daily mentoring. Once students havecompleted the company’s interactive forex trading course, theyhave the means to actually watch and listen to ForexInterBanktraders as they walk through their own trades. "We believe thisfollow-on, real world training is what really sets us apart,"Keister says.

"Our clients can actually listen in on real time analysis andwatch trades as they actually happen," he says. A few examplesof these live mentoring sessions can be viewed in the livetraining room at the company’s web site. "Visitors can see andlisten to eight of our past sessions," Keister points out.

Day traders and investors wanting more information about JohnKeister and ForexInterBank’s educational services are encouragedto visit www.Forexinterbank.com.

About the author:The author, Ron Scott, is a seasoned internet publicist whoprovides affordable publicrelationsservices to local, regional, national andinternational businesses.

 

We strive to provide only quality articles, so if there is a specific topic related to currency that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our forex spot website.

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Canadian Dollar Wipes Out Intraday Gain
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<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/usd-cad/2010-07-29-1526-Canadian_Dollar_Forecast_to_Break.html" style="font-size:1.2em">Canadian Dollar Forecast to Break Below Narrow Range</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">USDCAD - The ratio of long to short positions in the USDCAD stands at 2.57 as nearly 72% of traders are long. Yesterday, the ratio was at 2.19 as 69% of open positions were long. In detail, long ...</div> </div>
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<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/canadian-dollar-cad-technical-major-currencies-2010-07-30.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The pair is moving within a very narrow range that has not changed the harmonic pattern expectations suggested yesterday; thus making us hold onto yesterday&#39;s expectations intact without any ...</div> </div>
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| EXCHANGE RATE
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Is the simultaneous purchase or sale of one currency against the purchase or sale of another.

 
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