Merry Christmas and Happy New Year

Let me wish you a Merry Christmas and a Happy New Year.

As you noticed, in this time of year there is no important trading activity so the only information that I can give you is that GBP/JPY was SHORT one day before Christmas and in my opinion if we look at the short term trend we could say that GBP/JPY will be LONG until friday, because in this period of time is not much of a trading activity so we will have few spekulant traders.

Now, if you decided to trade ForEx, I mast tell you that this is a very risky activity, for example is possible to win or LOOSE 10% of your money in a SINGLE day.

My advice for you is to use a MAXIMUM of 4%-5% of your money at a single transaction.

Well, best wishes from me to you and see you soon.

Dollar extends losses vs yen after Phila Fed report

EUR/USD is falling so best transactions until now was about selling EUR/USD. Now, buy or selling USD/JPY is also choice for making money on ForEx.

NEW YORK, Dec 20 (Reuters) – The dollar extended losses against the yen on Thursday after a survey of U.S. Mid-Atlantic manufacturing activity fell unexpectedly.

The dollar fell to 112.81 yen from 112.95.

How To Make Money Online

You can make an extra profit working from home by using different online money making programs.

First thing you need to do is to setup some e-currency account, this will also help you if you want to trade ForEx online, such as: LibertyReserve, SolidTrustPay, PayPal, Moneybookers and AlertPay.

Another way to make money is by investing online but this is a very risky activity!

No, I’m just at the beginning with this site but I will try to give you quality content and valuable information so please come back to see newer information about how to make money online.

About Foreign Exchange Technical Analysis

I will try to give you some interesting information about the Technical Analysis used in Foreign Exchange Trading.

First of all, this technique is about the price movements and finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility, especially when shorter-term movements tend to give you wrong information about how market will evolve.

Technical analysis is being used for the prediction of market movements (meaning alterations in currencies prices, volumes and open interests) outgoing from the information obtained for the past and the main instruments of the technical analysis are different kinds of charts, which represent currencies price change during a certain time preceding exchange deals, as well as technical indicators.

Weekly and monthly charts are most ideally suited for identifying that longer-term trend. Once you have found the overall trend, you could select the trend of the time horizon in which you wish to trade. Thus, you could effectively buy on the dips during rising trends, and sell the rallies during downward trends.

Probably the most successful and most utilized means of making decisions and analyzing ForEx and commodities markets is Technical Analysis.

The difference between ForEx technical and ForEx fundamental analyses is that ForEx technical analysis ignores fundamental factors and is applied only to the price action of the market. In that fundamental data can often only provide a long-term forecast of exchange rate movements, ForEx technical analysis has become the primary tool to successfully analyze and trade shorter-term price movements, as well as to set profit targets and stop loss.

The latter are being obtained as a result of the mathematical processing of averaged and other characteristics of price movements.

The instruments of the technical analysis are universal and applicable to any ForEx sector, any currency and any time span.

Technical analysis is easy to compute what is important while the technical services are becoming increasingly sophisticated and reasonably priced. They are available to all the ForEx Traders independent on their trade plans, strategies applied and the time of position continuance.

Under contemporary conditions it is executed by means of computers, which is important to account that means of the electronic support become more and more sophisticated.

ForEx technical analysis primarily consists of a variety of ForEx technical studies, each of which can be interpreted to predict market direction or to generate buy and sell signals.

Introduction To Forex Education

The Forex Trading category is for documentation and learning of ForEx Trading.

Here you will find articles about Technical and Fundamental Analysis and about how and where to trade Forex.

Of course, all information available on my blog is with recommendation purpose only, past or present performance does not guarantee a future performance.