How to do currency trading?
- Find A Good Broker: You're going to need broker of some kind. There are a lot on the internet and some can be very poor quality. This means you're going to have to designate a specific period of time for research. Brokers are the ones that hold your money and make the trades (on your behalf), so you're going to want to have a good one to protect your money. The best place to get unbiased reviews are forex forums. You can search for them on Google. You will be able to find out which ones get poor ratings and which ones are excellent. You can also ask questions, if need be.
- Trade On The News: News effects currency. There is just no way around it. Economics isn't as simple as supply and demand because people control the supply and demand. People get emotional and the news has the ability to scare and excite people. Watch the news every morning before you start trading. You want to get the latest news, especially the political and economic news before you put your money on the table. Government policies and unemployment rates affect currency and you need to be able to identify that.
Source: Forex Currency Trading
How the market makers extract millions of dollars a day & How to grab your share
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You think outside the box!2011-07-13 08:44:32 by polaris_8
I dont think your ideas are crazy. In fact what you suggest is something that actually would change the human race forever on this planet. However remember as it stands the reason why humanity has not yet made the jump into the future is because we are held back by our energy issues. Mainly our use of oil as an energy source is holding everything back. Which in turn is also about control by the monetary system we currently have set up as a means for the human race to survive. This includes big banks, wall street, the stock market, and governments. And as we speak our middle class is becoming extinct due to the shift of the global market place as we compete for jobs in cheaper overseas markets. In essences we are becoming a third world country simple because big companies, banks and...
Continues . . . .2009-03-04 10:40:19 by jungle-red
Turning to economic woes, he cited the slide in major stock indexes, the decline in U.S. gross domestic product and Washingtons bailout of banking giant Citigroup as evidence that American dominance of global markets has collapsed.
I was there recently and things are far from good, he said. Whats happened is the collapse of the American dream.
Panarin insisted he didnt wish for a U.S. collapse, but he predicted Russia and China would emerge from the economic turmoil stronger and said the two nations should work together, even to create a new currency to replace the U.S. dollar.
Asked for comment on how the Foreign Ministry views Panarins theories, a spokesman said all questions had to be submitted in writing and no answers were likely before Wednesday.
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Global stock markets take a turn for the worse — FX-MM
It was a familiar theme of dollar-strength in Thursday's session, as global stock markets took another turn for the worse. US jobs and manufacturing data was on the poor side again yesterday, whilst Q1 GDP was revised lower, which added to the negative …