Trading the Foreign Exchange Market

[black rain]

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can u really earn money trading in forex?

[black rain]

isnt it trading in forex is just speculating as opposed to investing

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Extreme Levels Seen for EURO-FX COT Report Hints to a Coming Big Move:

The last COT Report for EURO FX showed that there is high open interest and extreme levels of Commercials and Non-Commercials.


Weekly Chart of EURUSD with COT Analysis

3 observations can be made from the chart.
1. Extreme Bullish Sentiments of the Commercials
The recent levels of the Commercials is on a record Bullishness level, unseen for the past 7 years.
2. Extreme Bearish Sentiments of the Non Commercials
Likewise, the recent levels of the Non-Commercials is on a record Bearish level, unseen for the past 7 years.
3. Rising Total Open Interest
The rising total open interest means that there were new orders for EURO-FX, thus implying increased market interest on this futures contracts.

What does all this mean?
The high open interest with extreme levels of sentiments usually precedes a possible Big move or a start of a trend reversal. As seen from the chart above, it could be a mean possible halt of the current down trend move, which could mean that EURUSD may have a bullish reversal and moving uptrend again.

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isnt it trading in forex is just speculating as opposed to investing

Technical and Fundamental Analysis will eliminate speculation in any financial instrument either forex, stocks, options, commodities etc...If you don't know this two pillars of analysis better don't jump in.

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In H1 timeframe the dollar index completed it's breakout from head and shoulder bottom formation, a bullish reversal pattern. Anybody catches the almost 800 pips movement of USDJPY if you have long position?

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Dead cat bounce for EURUSD and GBPUSD in H1 timeframe be careful. I'm waiting a signal to short for these 2 major pairs.

[kulas24]

In H1 timeframe the dollar index completed it's breakout from head and shoulder bottom formation, a bullish reversal pattern. Anybody catches the almost 800 pips movement of USDJPY if you have long position?

Boss, unsaon ni pagdula ang forex, interested keu ko magtrading sa forex. I've heared you can earn extra income daw ani?
I'm trying to learn fx trading pero medyo broad man keu ang g xpain over the net. pede ka mo help sa mga gus2ng maka on ani bosing?

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Boss, unsaon ni pagdula ang forex, interested keu ko magtrading sa forex. I've heared you can earn extra income daw ani?
I'm trying to learn fx trading pero medyo broad man keu ang g xpain over the net. pede ka mo help sa mga gus2ng maka on ani bosing?

There's a lot of information in babypips.com i also started from there. Knowledge is the number one investment here, do you know Tecnical and Fundamental Analysis of financial market? if not you better start now. You complete the course in babypips.com and play demo account in Metatrader 4 to apply the technical skills that you learn from babypips.com. It is a long journey but patience and perseverance will make you rich.

[momoneyz]

bay, before you venture to forex. word of advise lang ha. please save your money and study TA instead.

for starters. go to Cagnaan book supply and look for a book entitled introduction to technical analysis. by martin pring. i was really amused kay i never thought nga naay book about technical analysis sa pinas but there is, the books is actually just a reference manual. murag tag 400 man ako palit adto. I have taught myself TA from different online workshop and by trading forex for the past 3 years pero this book really help me by straightening up my assumption on the forex market.

the real treasure of this book is not the book but rather the CD that is included into it. It has video instructions on TA and its very valuable. Nagvisit ko ganiha sa cagnaan sa may jy kagahapon and I found about 10 copies of it. I really urge everyone to get a copy of it if you really are serious in learning stocks or forex.

if you need help feel free to pm me. though talagsa ra ko sa istorya magtambay but i can give you some resources that are really good.

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$NZDUSD may test support this week:

NZDUSD began last week on a bullish note but stopped short in breaching Dec’s high during mid-week. The pair then swiftly descended to form a new low for Jan at 0.7523. On the day chart, we see 2 converging trendlines similar to a triangle. Given that the pair has made another test of the upper trendline last week, it is likely to move further down to test the lower supporting trendline in the coming weeks. If this happens, the 0.7400 strong support level should be watched carefully to determine the pair’s direction.


Likely test of trendline support on Day chart for Kiwi

On the 4-hourly chart, the pair’s failure to surpass its previous month’s high results in a Lower High (LH) this month, forming a Double Top pattern. A clear break of this double top neckline is needed to confirm further downside. Currently, we see an immediate resistance at around 0.7633 level (2009’s high, and also last Thursday’s high). If price continues to show further weakness below this resistance level, we may exploit possible sell opportunity. Separately, NZ’s interest rate release next Thurs should also be monitored closely for trading decisions.


Double Top formed on H4 chart