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An over view of the upcoming PPI and Retail Sales release, including expected pip results as well as which currency pair to trade. Live FOREX Training | Everyday! www.fxbootcamp.com

2009-01-08 Zhangge Daily Forex Analysis

Forex: USD/JPY approaches to daily high
FXstreet.com (Buenos Aires) – With Wall Street regaining the upside and holding in positive territory, USD/JPY is quickly approaching to daily high at 87.46 printed before US opening.

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2008-7-31 Zhangge Daily Forex Analysis

www.informedtrades.com — What forex traders need to consider regarding the regulatory environment of the forex broker they trade with.

The most profitable stock traders often act on inside information, or information about the market that the average investor doesn’t know or even have access to. This isn’t true of the forex trading market. All the information needed to analyze the market and make well-researched trades is available to anyone. The problem is having the time to gather enough information, analyze that information and turn it into profitable trades.

That’s where forex trading software comes in. It is designed to follow trends in the market and recognize when a favorable position is likely to occur.

That doesn’t sound so hard. And, in fact, it isn’t. You can learn which trends to watch for and gather all the information yourself. The trouble with doing it manually is that the amount of data needed to track trends of every currency pair is voluminous! You can cut it down some, spend full time at it and still miss some important profitable trends. Having software do it for you is a huge assist.

Another good reason to use these forex trading analysis tools is to learn how the forex market works. Charts and analyses will lay out the trends the software is tracking. When it makes a recommendation, you’ll see what happened in the market to make the software foresee a significant jump coming. In this way, you’ll gradually increase your knowledge and learn how to make a greater percentage of wise trades.

Here are two good forex trading software packages at different price ranges. Choosing either one will be of great benefit. Of course, the more expensive one is superior by far, but your budget may dictate where you start.

TRADING SOLUTIONS

Trading Solutions is one of the most comprehensive forex trading tools on the market. It is very customizable and the incredible in-depth analysis given is second to none. Here are some of its features:

- Flexible charting tools – Easy-to-use interface – Customizable spreadsheets – Step-by-step wizards – Advanced technical analysis – Comprehensive signal analysis

It’s pricey at $995, but it’s worth it, if you can afford it. Plus, you get a free trial. Give it a try and see if your trading success improves during the trial period. Perhaps you’ll find a way to dig up that purchase price!

LAZY TRADING

At $79, Lazy Trading is a much less robust tool for forex trading. But it could be the right tool if you’re a beginner and just can’t afford a more complete software analysis package.

It’s a simplified version in most ways. It still does all the hard work by retrieving the forex data and analyzing and finding the trends. However, it won’t present the detailed charts and in-depth analysis that Trading Solutions does. Instead it just displays a simple text recommendation saying if you should trade and if so, what you should trade. If you still find all the graphs and stats confusing, this will work for you as you learn. If you’re experienced at forex trading, this one will surely be lacking the detail you’ll want.

No matter which forex trading software package you choose, you should see a substantial increase in favorable trades in your account by using it.

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2009-01-07 Zhangge Daily Forex Analysis

Danny Wall of dannywall.com fame is the best forex trader in the world. This video gives his analysis of the forex market and includes forecasts for the week starting March 15, 2010

Video 1 of 13 Free Strategy Vids: www.forexstrategysecrets.com How to setup the MT4 Platform for forex currency trading.This video discusses the 5 main areas of the trading platform and how you will use them.

If you’ve been trading for a while, no doubt you know that as a smart trader, you have to be able to analyze the market and predict price movements. This is true whether you trade in commodities, stocks, bonds, currency or any other type of security.

You can do analysis in two different ways. You can utilize fundamental analysis and technical analysis.

Technical analysis studies prices. Here, you want to analyze price movement history so that you can try to predict future prices.

Fundamental analysis studies a nation’s overall economic health. This can otherwise be termed as “big picture” analysis. You focus on the strength of a nation’s economy and how it will affect the supply and demand of its currency. This, in turn, will affect the currency’s price.

As an example, let’s say that the US economy is in a major positive trend. The economy is strong, so the dollar is expected to rise, and currency traders will invest great amounts in the dollar. This can be a self-fulfilling prophecy, so that the dollar increases in value.

As a concept, that’s pretty simple, but it’s not so easy to judge the health of the nation’s economy. In fact, you need to consider many things. Two traders may look at the same figures and come up with entirely different interpretations of the data.

Those who focus on fundamental analysis look at a variety of economic indicators to determine how strong a particular economy is. Some of the indicators they may analyze include the unemployment rate, the interest rate, gross domestic product, and the Consumer Price Index.

Various government agencies regularly release reports on these factors, as do non-government agencies. Find the latest schedule of upcoming releases and make note of them. Keep an eye on them for a few months to see what effect if any they have on currency prices.

One thing you should keep in mind is that it’s often not the numbers in a report that carry the greatest impact, but the relation of the numbers to what was forecasted.

Put another way, if interest rates rise, this may not have a significant impact if forecasters were indeed expecting it. However, if they weren’t expecting it, and they expected interest rates to remain steady or fall, an unexpected increase may have a significant impact on currency prices.

Fundamental analysis does have a disadvantage in that it can be a little too general, a little too “big picture.” It’s wonderful to predict overall economic growth and price changes that result, but you can’t usually get enough detail from it to target specific exit and entry points. This is why technical analysis is just as important, so that it can help to further refine an estimate based on a “big picture” prediction with fundamental analysis.

In conclusion, successful forex traders usually develop a trading system that’s based on a mix of fundamental and technical “triggers” to instigate trading orders. Some, however, have been successful with using as few indicating sources as possible to determine trades – such as price-driven variables on a certain currency pair.