#quoteoftheday #forex

"There is a loftier ambition than merely to stand high in the world. It is to stoop down and lift mankind a little higher."

By Henry Van Dyke.

#forex #trading #elliottwavetheory

Where to Find Forex News and Market Data (Part 3)

Traditional Financial News Sources

While there are tons of financial news resources out there, we advise you to stick with the big names.

These guys provide around-the-clock coverage of the markets, with daily updates on the big news that you need to be aware of, such as central bank announcements, economic report releases and analysis, etc. Many of these big players also have institutional contacts that provide explanations about the current events of the day to the viewing public.

- Reuters

- The Wall Street Journal

- Bloomberg

- MarketWatch.com

#quoteoftheday #forex

"All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work."

By Coolidge.

#forex #trading #video 

#quoteoftheday #forex

"Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit."

By Conrad Hilton.

#forex #trading #elliottwavetheory

Where to Find Forex News and Market Data (Part 2)

News moves fundamentals and fundamentals move currency pairs!

It’s your goal to make successful trades and that becomes a lot easier when you know why price is moving that way it is. Successful forex traders weren’t born successful; they were taught or they learned.

Successful forex traders don’t have mystical powers (well, except for Pipcrawler, but he’s more weird than he is mystical) and they can’t see the future.

What they can do is see through the blur that is forex news and data, pick what’s important to traders at the moment, and make the right trading

#quoteoftheday #forex

"Life has many chapters; one bad chapter doesn’t mean it’s the end of the book."

By Zig Ziglar.

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WHAT TIME ARE THE SIGNALS SEND?

The signal software and trading team monitors the markets 24 hours a day. Signals and alerts are sent only when trading opportunities occur. For this reason, the time alerts sent will vary from day to day.

#quoteoftheday #forex

"The world stands aside to let anyone pass who knows where he is going."

By David Starr Jordan.

#forex #trading #elliottwavetheory

Where to Find Forex News and Market Data

A quick Yahoogleing (that’s Yahoo, Google, plus Bing) search of “forex + news” or “forex + data” returns a measly 30 million results combined.

30 MILLION! That’s right! No wonder you’re here to get some education! There’s just way too much information to try to process and way too many things to confuse any newbie forex trader. 

That’s some insane information overload if we’ve ever seen it.

But information is king when it comes to making successful trades.

Currency price moves because of all of this information: economic reports, a new central bank chairperson, and interest rate changes.

#quoteoftheday #forex

"People might not get all they work for in this world, but they must certainly work for all they get."

By Frederick Douglass.

#forex #trading #video

#quoteoftheday #forex

"It’s hard to beat a person who never gives up."

By Babe Ruth.

#forex #trading #elliottwavetheory

Fundamental Factors That Affect Currency Values (Part 4)

The Government: Present and Future

The years 2009 and 2010 have definitely been the years where more eyes were glaringly watching their respective country’s governments, wondering about the financial difficulties being faced, and hoping for some sort of fiscal responsibility that would end the woes felt in our wallets. Instability in the current government or changes to the current administration can have a direct bearing on that country’s economy and even neighboring nations. And any impact to an economy will most likely affect exchange rates.

#quoteoftheday #forex

"Life is ten per cent what happens to you and ninety per cent how you respond to it."

By Lou Holtz.

#forex #trading #elliottwavetheory

Fundamental Factors That Affect Currency Values (Part 3)

Trade Flows & Trade Balance

We’re living in a global marketplace. Countries sell their own goods to countries that want them (exporting), while at the same time buying goods they want from other countries (importing). Have a look around your house. Most of the stuff (electronics, clothing, doggie toys) lying around are probably made outside of the country you live in.

Every time you buy something, you have to give up some of your hard-earned cash.

Whoever you buy your widget from has to do the same thing.

U.S. importers exchange money with Chinese exporters when they buy goods. And Chinese imports exchange money with European exporters when they buy goods.

All this buying and selling is accompanied by the exchange of money, which in turn changes the flow of currency into and out of a country.

Trade balance (or balance of trade or net exports) measures the ratio of exports to imports for a given economy. It demonstrates the demand of that country’s good and services, and ultimately it’s currency as well. If exports are higher than imports, a trade surplus exists and the trade balance is positive. If imports are higher than exports, a trade deficit exists, and the trade balance is negative.

So:

Exports > Imports = Trade Surplus = Positive (+) Trade Balance

Imports > Exports = Trade Deficit = Negative (-) Trade Balance

Trade deficits have the prospect of pushing a currency price down compared to other currencies. Net importers first have to sell their currency in order to buy the currency of the foreign merchant who’s selling the goods they want. When there’s a trade deficit, the local currency is being sold to buy foreign goods. Because of that, the currency of a country with a trade deficit is less in demand compared to the currency of a country with a trade surplus.

Net exporters, countries that export more than they import, see their currency being bought more by countries interested in buying the exported goods. It is in more demand, helping their currency to gain value. It’s all due to the demand of the currency. Currencies in higher demand tend to be valued higher than those in less demand.

It’s similar to pop stars. Because she’s more in demand, Taylor Swift gets paid more than Pink. Same thing with Justin Bieber versus Vanilla Ice.

#quoteoftheday #forex

"It is your decisions, and not your conditions, that determine your destiny."

By Tony Robbins.

#forex #trading #photo

WHAT’S THE SIGNAL FORMAT?

Signal Format : BUY EUR/USD 1.4100 TP 1.4120

(A minimum total of 600 pips to a maximum total of 1500 pips in the EUR/USD currency pair of trading signals will be given in a month.)

#quoteoftheday #forex

"The words “I am…” are potent words; be careful what you hitch them to. The thing you’re claiming has a way of reaching back and claiming you."

By A. L, Kitselman.

#forex #trading #elliottwavetheory

Fundamental Factors That Affect Currency Values (Part 2)

Capital Flows

Globalization, technology advances and the internet have all contributed to the ease of investing your money virtually anywhere in the world, regardless of where you call home. You’re only a few clicks of the mouse away (or a phone call for you folks living in the Jurassic era of the 2000’s) from investing in the New York or London Stock exchange, trading the Nikkei or Hang Seng index, or from opening a forex account to trade U.S. dollars, euros, yen, and even exotic currencies.

Capital flows measure the amount of money flowing into and out of a country or economy because of capital investment purchasing and selling. The important thing you want to keep track of is capital flow balance, which can be positive or negative.

When a country has a positive capital flow balance, foreign investments coming into the country are greater than investments heading out of the country. A negative capital flow balance is the direct opposite. Investments leaving the country for some foreign destination are greater than investments coming in.

With more investment coming into a country, demand increases for that country’s currency as foreign investors have to sell their currency in order to buy the local currency. This demand causes the currency to increase in value.

Simple supply and demand.

And you guessed it, if supply is high for a currency (or demand is weak), the currency tends to lose value. When foreign investments make an about-face, and domestic investors also wants to switch teams and leave, and then you have an abundance of the local currency as everybody is selling and buying the currency of whatever foreign country or economy they’re investing in.

Foreign capital love nothing more than a country with high interest rates and strong economic growth. If a country also has a growing domestic financial market, even better! A booming stock market, high interest rates… What’s not to love?! Foreign investment comes streaming in. And again, as demand for the local currency increases, so does its value.

#quoteoftheday #forex

"Sometimes when you’re in a dark place you think you’ve been buried, but actually you’ve been planted."

By Christine Caine.

#forex #trading #video 

#quoteoftheday #forex

"Dream is not that you see in sleep, dream is something that does not let you sleep."

By A. P. J. Abdul kalam.

#forex #trading #elliottwavetheory

Fundamental Factors That Affect Currency Values

There are several fundamental factors that help shape the long term strength or weakness of the major currencies and will affect you as a forex trader. We’ve included what we think are the most important for your reading pleasure:

Economic Growth and Outlook

We start easy with the economy and outlook held by consumers, businesses and the governments. It’s easy to understand that when consumers perceive a strong economy, they feel happy and safe, and they spend money. Companies willingly take this money and say, “Hey, we’re making money! Wonderful! Now… uh, what do we do with all this money?”

Companies with money spend money. And all this creates some healthy tax revenue for the government. They jump on board and also start spending money. Now everybody is spending, and this tends to have a positive effect on the economy.

Weak economies, on the other hand, are usually accompanied by consumers who aren’t spending, businesses who aren’t making any money and aren’t spending, so the government is the only one still spending. But you get the idea. Both positive and negative economic outlooks can have a direct effect on the currency markets.

#quoteoftheday #forex

"An entire sea of water can’t sink a ship unless it gets inside the ship. Similarly, the negativity of the world can’t put you down unless you allow it to get inside you."

By Goi Nasu.

#forex #trading #video

#quoteoftheday #forex

"Always believe in yourself, no matter who’s around you being negative or thrusting negative energy at you, totally block it off, because whatever you believe, you become."

By Micheal Jackson.