Fri., Jan. 10 Morning News release

January 10, 2014 at 1:23 pm
EURUSD Buy 1.3606 Sell 1.3578

AUDUSD closed at break even point

January 9, 2014 at 11:52 pm
Closed AUDUSD at the same price as sold.

Tue., Jan. 7 trading results +70 pips so far

January 9, 2014 at 12:09 am
EURGBP: both profit targets reached for a total profit of +50 pips and one unit is still open with SL at 0.8264, which is another +20 pips of unrealized yet profit.

AUDUSD is still open at 0.8889 with SL at 0.8923

Tu., Jan. 7 orders

January 8, 2014 at 1:50 am
EURGBP Sell 0.8284 SL 0.8314 P1= 0.8264 P2= 0.8254

AUDUSD Sell 0.8889 SL 0.8931 P1= 0.8871 P2= 0.8856

Mo., Jan. 6 end of day results (+70 pips)

January 6, 2014 at 10:07 pm
Both profit targets were reached as expected. The third unit closed at P1 level. The result is the net profit of:

20 + 30 + 20 = +70 pips

Mo., Jan. 6 morning

January 6, 2014 at 1:04 pm

EURUSD Buy 1.3618 SL 1.3588 P1=1.3638 P2=1.3648

Is Forex market different from other markets? You bet!

January 5, 2014 at 9:24 pm
There are a number of factors that make the Forex market unique. Many of these factors provide tremendous benefits for traders worldwide. Two of the most important are the high level of leverage and the extremely high liquidity.

Forex markets have some unique features that provide an incomparable potential for profitable currency trading in any market situation. A trader need not wait for the opening bell as in the case of stock exchanges and has the opportunity to avail all fruitful market conditions at any time. Since the Foreign Exchange market is the most liquid market in the universe, traders can enter or exit the field at their will in any market condition.

As stated above, compared to the equity markets, Forex markets offer high leverage ratio. Although high leverage offers high profits, it may also expose the trader to extreme losses. Under normal market conditions, the bid/ask spread is less than 0.1% (10 pips). In the case of larger dealers, the spread could be smaller and may expand a lot in fast moving markets.

A bear market or a bull market for a particular currency is defined in terms of the positive or negative outlook of its future value against other currencies. If the outlook is positive, there exists a bull market for that currency where a trader would like to buy the said currency against other currencies. On the other hand, if the outlook is negative, there is a bull market for the other currencies against the said currency where a trader will be forced to sell that currency against other currencies. This way, the Foreign Exchange market is always a bull market and for traders there is always a bull market trading chance.

Telephones and electronic networks help the global network of Forex traders to communicate and engage in trade with their clients. No organized exchange is there to facilitate transactions in Foreign Exchange market unlike in the case of equity markets. It is not possible for a single trader or even a central bank to control the market price for so long that the Forex market is so huge with numerous participants. When interventions are made even by mighty central banks, results turn to be ineffective and short-lived. For this reason, central banks are becoming little interested in interfering to manipulate market prices.

The Foreign Exchange market is known to be an unregulated market although banking laws regulate the activities of major dealers like commercial banks in money centers. Make sure you do your due diligence research before you commit to a certain Forex dealer or broker.

To Your Forex Trading Success!