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Sunday, 1 May 2011

EUR/USD Daily Outlook Oct25

FXstreet.com (Córdoba) – EUR/USD fell on Friday but not enough to erase weekly gains. The pair peaked at 1.5060 posting a fresh 14 month high. Dollar failed to break below 1.5000, despite testing several times a support zone at 1.4990. EUR/USD rose for the third week in a row accumulating an increase of more than 400 pips.

Euro rose sharply against Cable on Friday. EUR/GBP rebounded at 0.9000 and jumped to 0.9214, posting the highest price in a week. The pair respected an uptrend line in daily charts.

The Forex Trading Day

Unlike localized markets in which trading takes place in specific times zones and according to a specific national calendar Forex trading can be done around the clock, which means that you’ll have ample opportunities to trade in your spare time – whenever that is. The Forex trading day is a full twenty-four hours and the Forex week starts from 5:00 pm Sunday EST and finishes 4:00 pm EST on Friday. As such, you will have the opportunity to design a trading strategy that best complies with your lifestyle.

High Liquidity and Daily Turnover

The Forex market is highly liquid which essentially means that your currency transactions will be supported because there is a large number of other trading participants. The turnover generated each Forex trading day is much larger than those produced by other markets. For example, the stock market has a daily turnover of just $25 million whereas the Forex market conducts about $3 billion in trades daily.

The Importance of Transparency

As the Forex market is completely transparent, you will be able to trade on exactly the same level as big institutions, such as hedge funds and banks. Moreover, because Forex is such a gigantic market, nobody can manipulate its figures. Consequently, you can approach each Forex trading day with the confidence that you will not be subjected to any major sudden adjustments.

Major Currencies

You must also realize that the major currencies that are exchanged during each Forex trading day account for about 85% of its volume. They are the US dollar, Euro, British Pound, Swiss Franc, Canadian dollar, Australian dollar, Japanese Yen and New Zealand Dollar. Nevertheless, you needn’t live in a country with one of these currencies to have a profitable Forex trading experience. Instead, you’ll just need to learn how to monitor these currencies over the course of your Forex trading day.

Relationship with other Markets

Although Forex is independent of all other markets, you will find that it does have relationships with them, which can be an advantage if you’re familiar with other markets. For instance, Forex is strongly correlated to the stock market. For example, if the Dow Jones Index climbs in value, then so will the higher-yielding currencies such as the Euro and the British Pound. In contrast, the currencies exhibiting low yields will fall in value.

Fees and Charges

You will not be charged any fees directly by the Forex market. However, you will accrue costs from spreads and rollover fees, etc. For example, you will either earn or be charged a fee for keeping your positions open from one Forex trading day to

Is Forex Trading for You?

Available to Register Domains March 21st 2008

More of the available domains that I see as potentially good registrations for people that want to take a little risk, or somewhat brandable domains.

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REFEREESWAREHOUSE.COM refereeswarehouse.com
RIGHTRUGS.COM rightrugs.com
SOFTCOOK.COM softcook.com
SOFTDEVELOPING.COM softdeveloping.com
TECKED.COM tecked.com
THECELLULARDEPOT.COM thecellulardepot.com

All of these available domains are posted in capital letters and lower case for no confusion with the O’s for 0’s and other potential problems. I hope you enjoy these, and would love some comments and feedback if you find any of these to be worth registration.