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"how To" Start Trading The Forex Market? ( Part 2)
By Martin Maier, Thu Dec 8th
Why is FOREX trading so popular? Because you can trade from anywhere. From your kitchen table,bedroom, garage or from the nearest Starbucks coffeehouse ( mostof them have wireless Internet connection). If you have or like to travel, take your laptop with you and youcan trade the FOREX anywhere in the world where you have anInternet connection.
When you want to start trading the Forex Market nobody is askingyou for a diploma, a formal license or a proof of how many hoursyou have spent studying the Foreign Exchange Market and/orBanking Industry. FOREX Trading is Economical and Start-up Costs are Low! You canopen an account to trade Forex with as little as US$ 200 at hemost brokerage firms. I personally do recommend Fenix CapitalManagement, LLC, which offers a state of art Trading platform,that allows you to place orders directly by clicking on thechart. The Main Benefits of Trading the FX Spot Market are: YOU don't pay commissions or fees! YOU can trade 24-hours a day! YOU can trade up to 400:1 Leverage ! YOU can have FREEStreaming executable Price quotes and live charts! It is important to know the differences between cash FOREX (SPOTFX) and futures. In futures, the contract size is predetermined. With FOREX (SPOT FX), you may trade electronically any desiredamount, up to $10 Million USD. The futures market closes at the end of the business day(similar to the stock market).If important data is releasedoverseas while the U.S. futures markets is closed, the nextday's opening might sustain large gaps with potential for largelosses if thedirection of the move is against your position. The Spot FOREX market runs continuously on a 24-hour basis from7:00 am New Zealand time Monday morning to 5:00 pm New York TimeFriday evening. Dealers in every major FX trading center (Sydney, Tokyo, HongKong/Singapore, London, Geneva and New York/Toronto) ensure asmooth transaction
British Pound / US Dollar 03-10
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<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-03-10-1646-British_Pound___US_Dollar.html" style="font-size:1.2em">British Pound / US Dollar 03-10</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">After meeting resistance from former support / the 38.2% of the decline from 15825 / channel resistance, the GBPUSD has rolled over. I favor a drop below 14780 in a 5th wave. Risk can be moved to ...</div>
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GBP and JPY Under Selling Pressure
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<a href="http://www.forexyard.com/en/market-analysis/afternoon/gbp_and_jpy_under_selling_pressure-2010-03-10" style="font-size:1.2em">GBP and JPY Under Selling Pressure</a>
<br> <span style="color:#888888;">Forexyard</span> - <span style="white-space:nowrap">9 hours ago </span>
<div style="width:80%;">The leading events in the forex market today have been the sudden dip in the value of both the British Pound and Japanese Yen. With the GBP already facing sell-pressure from a string of bad data ...</div>
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Plummeting British Pound Leads to Worries of Another Currency Market ?Black Wednesday?
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<a href="http://moneymorning.com/2010/03/10/plummeting-british-pound/" style="font-size:1.2em">Plummeting British Pound Leads to Worries of Another Currency Market ?Black Wednesday?</a>
<br> <span style="color:#888888;">Money Morning</span> - <span style="white-space:nowrap">14 hours ago </span>
<div style="width:80%;">By Jon D. Markman, Contributing Writer, Money Morning Outside of the earthquake rescue efforts in Chile and the Greek-rescue efforts in Brussels, the big news in the world economy last week ...</div>
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USD Makes Gains Against the GBP and the EUR
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<a href="http://www.fxstreet.com/technical/analysis-reports/daily-currencies-report/2010-03-10.html" style="font-size:1.2em">USD Makes Gains Against the GBP and the EUR</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">15 hours ago </span>
<div style="width:80%;">by UFXBank Research USD Dollar (USD) ? The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak ...</div>
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British Pound Little Changed in Asia, Industrial Production on Tap Ahead
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<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2010-03-10-0614-British_Pound_Little_Changed_in.html" style="font-size:1.2em">British Pound Little Changed in Asia, Industrial Production on Tap Ahead</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">17 hours ago </span>
<div style="width:80%;">The British Pound was little changed in Asian trade, treading water near familiar levels ahead of a report that is expected to show industrial production shrank at the slowest annual pace in ...</div>
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The Sovereign Debt Crisis ? Who's Next?
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<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3934209" style="font-size:1.2em">The Sovereign Debt Crisis ? Who's Next?</a>
<br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">18 hours ago </span>
<div style="width:80%;">The consensus view is that the Spanish will be the next target if they are unable to get their fiscal house in order. While we will not dispute the fragile state of Queen Sofia's monarchy we ...</div>
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Japanese Yen Benefits From Risk Aversion, British Pound Extends Decline
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<a href="http://www.dailyfx.com/forex/technical/article/winners_and_losers/2010-03-09-1621-Japanese_Yen_Benefits_From_Risk.html" style="font-size:1.2em">Japanese Yen Benefits From Risk Aversion, British Pound Extends Decline</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">The Japanese Yen strengthened across the board as investors scaled back their appetite for risk, and is the best performing currency against the greenback on Tuesday, with the exchange rate ...</div>
<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3934894">Demand For Riskier Assets Firms; Dollar Feeling Pressure</a> - <span style="color:#888888">istockAnalyst.com</span><br>
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Neutral on the Yen, but turning Bullish on the Aussie $
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<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/Neutral_on_the_Yen_but_turning_Bullish_on_the_Aussie/190110" style="font-size:1.2em">Neutral on the Yen, but turning Bullish on the Aussie $</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">CURRENCIES: 03/09/10 Higher closes yesterday for the Canadian and Aussie Dollar along with the Japanese Yen, Euro Fx and Swiss Franc while lower for the British Pound and dollar index. The euro ...</div>
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British Pound / US Dollar 03-09
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-03-09-1549-British_Pound___US_Dollar.html" style="font-size:1.2em">British Pound / US Dollar 03-09</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">After meeting resistance from former support / the 38.2% of the decline from 15825 / channel resistance, the GBPUSD has rolled over. I favor a drop below 14780 in a 5th wave. Risk can be moved to ...</div>
</div>
Euro, British Pound Slump as Investors Scale Back on Risk Appetite
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2010-03-09-1156-Euro__British_Pound_Slump_as.html" style="font-size:1.2em">Euro, British Pound Slump as Investors Scale Back on Risk Appetite</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">The British Pound extended the previous day's decline to reach a fresh weekly low of 1.4938 during the European trade as Fitch Ratings held a cautious outlook for the UK economy, and the currency ...</div>
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as liquidity migrates from one time zone tothe next. Furthermore, futures trade in non-USD denominatedcurrency amounts only, whereas in spot FOREX, an investor cantrade in almost any denomination, or in the moreconventionally quoted USD amounts. The futures pit, even during Regular IMM (InternationalMoney Market) hours suffers from sporadic lulls in liquidity andconstant price gaps. The spot FOREX market offers constant liquidity and market depthmuch more consistently than Futures. With IMM futures one is limited in the pairs he cantrade. Most futures are traded only versus the USD. With spot FOREX, you may trade foreign currencies vs. USD or vs.each other on a 'cross' basis, for example: EUR/JPY, GBP/JPY,CHF/JPY, EUR/GBP and AUD/NZD More and more well informed investor and entrepreneurs arediversifying their traditional investments like stocks, bonds &commodities with foreign because of the followingreasons: (will be continued) RISK WARNING: Risks of trading: Margined trading is anextremely risky form of investment and is only suitable forindividuals and institutions capable of handling the potentiallosses it entails. An account with an broker allows you to tradeforeign currencies on a highly leveraged basis (up to about 400times your account equity). The funds in an account that istrading at maximum leverage may be completely lost if theposition(s) held in the account experiences even a one percentswing in value, given the possibility of losing one's entireinvestment. Speculation in the foreign exchange market shouldonly be conducted with risk capital funds that, if lost, willnot significantly affect the investors financial well-being. About the author:Veteran Trader Martin Maier Founder of Fenix Capital Management,LLC http://www.fenixcapitalmanagement.com He is the developer ofvarious futures and commodities trading programs and his systemshave been ranked and rated by various large American InvestmentProfile Rating Companies such as STAR and MAR
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Canadian Dollar Rises for Ninth Straight Day on Growth Outlook
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<a href="http://www.businessweek.com/news/2010-03-10/canada-dollar-trades-at-almost-two-month-high-as-oil-nears-82.html" style="font-size:1.2em">Canadian Dollar Rises for Ninth Straight Day on Growth Outlook</a>
<br> <span style="color:#888888;">BusinessWeek</span> - <span style="white-space:nowrap">10 hours ago </span>
<div style="width:80%;">By Allison Bennett and Chris Fournier March 10 (Bloomberg) -- The Canadian dollar rose for a ninth day against its US counterpart, the longest streak in five and a half years, as investors bet the ...</div>
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Canadian Dollar Declines Against Yen
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<a href="http://www.rttnews.com/ArticleView.aspx?Id=1235627&SMap=1" style="font-size:1.2em">Canadian Dollar Declines Against Yen</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">16 hours ago </span>
<div style="width:80%;">(RTTNews) - The Canadian dollar edged lower against the Japanese yen on Wednesday's early trading, mainly due to across the board rallying of the latter. The loonie-yen pair declined to 87.46 ...</div>
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Neutral on the Yen, but turning Bullish on the Aussie $
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/Neutral_on_the_Yen_but_turning_Bullish_on_the_Aussie/190110" style="font-size:1.2em">Neutral on the Yen, but turning Bullish on the Aussie $</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">CURRENCIES: 03/09/10 Higher closes yesterday for the Canadian and Aussie Dollar along with the Japanese Yen, Euro Fx and Swiss Franc while lower for the British Pound and dollar index. The euro ...</div>
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Don't Forget the Canadian Dollar
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<a href="http://www.fxstreet.com/technical/market-view/the-chartist-analysis/2010-03-09.html" style="font-size:1.2em">Don't Forget the Canadian Dollar</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">by Daniel Bruno Get top forecasts for any FX pair, metals, stocks and bonds. Whatever you trade, FXboss has the information you need to make your trading profitable. The Canadian Dollar has a ...</div>
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| EXCHANGE RATE
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<a href="http://www.dailynews.lk/2010/03/11/ExchangeRate.asp" style="font-size:1.2em">| EXCHANGE RATE</a>
<br> <span style="color:#888888;">Ceylon Daily News</span> - <span style="white-space:nowrap">Mar 8, 2010 </span>
<div style="width:80%;">Exchange Rates on 10.03.2010 The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 am are as follows: Currency Buying Rate ...</div>
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Forex: USD/CAD hovering right above 6-week low at 1.0260
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<a href="http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=8f499987-f6b0-4c6a-babd-e975ccb2fd61" style="font-size:1.2em">Forex: USD/CAD hovering right above 6-week low at 1.0260</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Mar 8, 2010 </span>
<div style="width:80%;">FXstreet.com (Barcelona) - Dollar decline from Feb 25 high at 1.0680 has lost steam, and the pair has remained consolidating during the day so far, trapped between 6-week low at 1.0260 and 1.0290 ...</div>
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Canadian Dollar Advances Against Most Majors
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<a href="http://www.rttnews.com/ArticleView.aspx?Id=1234872&SMap=1" style="font-size:1.2em">Canadian Dollar Advances Against Most Majors</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Mar 8, 2010 </span>
<div style="width:80%;">(RTTNews) - The Canadian dollar traded higher against most of its major counterparts during New York afternoon trading on Tuesday. At 12:40 pm ET, the loonie climbed to a new multi-year high of 1 ...</div>
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Canadian Dollar Soars To 2-week High Against Yen
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<a href="http://www.rttnews.com/ArticleView.aspx?Id=1232312&SMap=1" style="font-size:1.2em">Canadian Dollar Soars To 2-week High Against Yen</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Mar 8, 2010 </span>
<div style="width:80%;">(RTTNews) - The Canadian dollar climbed to a 2-week high of 88.33 against the Japanese yen in early Asian deals on Monday, mainly due to across the board weakening of the latter and this may be ...</div>
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Canadian Dollar Eyes Parity with the Dollar as Labor Data Approaches
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<a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2010-03-06-0142-Canadian_Dollar_Eyes_Parity_with.html" style="font-size:1.2em">Canadian Dollar Eyes Parity with the Dollar as Labor Data Approaches</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 6, 2010 </span>
<div style="width:80%;">The Canadian dollar was extraordinary strength across the board this past week with the help of a few well placed indicators. The release of the fourth quarter GDP figures and the Bank of Canada's ...</div>
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Forex: Loonie follows broad gain, poor PMI limits
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=8eb8877c-fe0d-43ae-b3fa-9602bb999880" style="font-size:1.2em">Forex: Loonie follows broad gain, poor PMI limits</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Mar 5, 2010 </span>
<div style="width:80%;">FXstreet.com (London) - As market sentiment moves towards a mood of positivity one would expect the whole fleet of riskier asset classes to take gains. However Canadian Dollar, or the 'Loonie' in ...</div>
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Short for "Foreign Exchange". Refers generally to the Foreign Exchange trading industry and/or to the currencies themselves.
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