Latest Blog Posts

  • How ADP build respect amongst market participants
    1 February 2018 , Introduction The purpose of this article is to show how a new employment data release (ADP Non-Farm Employment Change) is building respect amongst market participants as a factor worth considering, if not a predictive indicator for the widely anticipated Non-Farm Payrolls report. In the first week of January 2007 we saw how the ADP release had an effect on trader sentiment and expectations prior the Non-Farm Payrolls (NFP) and the potential influence this had on price action. What is ADP Non-Farm Employment Change? Automatic Data Processing (ADP) provides employment solutions for businesses within but not the entire labour market. The figures they release are directly comparable to the […] Read the rest of the article
  • Forex Trading For Beginners Avoiding The Common Mistakes Made By New Traders
    22 January 2018 , In the world of Forex trading, for beginners the biggest fear is failure and losing your money. But why do so many newcomers fail? Everyone knows that the Forex market is good way of earning some money, even enough to give replace your monthly wage. However, most people also understand that if they don‘t get things right, there is a good chance of losing a lot of cash too. Now although these 2 facts are true, I am often shocked at how many people learn the second one the hard way. These are the type of people that make things really difficult for themselves, just because they were foolish enough to think Forex trading is easy money. Forex trading for beginners is something that takes time […] Read the rest of the article
  • Can Newbies Make Money With Forex Online Currency Trading Forex Online Trading
    10 January 2018 , Empleo Do you want to learn to trade in the nearly two trillion dollar a day Forex market by doing Forex online currency trading? Are you concerned because you are a beginner and you don’t want to lose all your money?  Are you worried that it could just be too tough to make a profit? Juegos The idea of spending a hundred dollars or so on cheap software and earning a big income with no effort is obviously not true, if it were 95% of traders wouldn’t lose money. These systems never have a track record verified by a third party and simply produce, back tested simulations or you get figures from the vendor with no third party check. Trabajo For example, when you buy (go long) a currency you […] Read the rest of the article
  • The Availableness of Free Forex Charts
    15 December 2017 , The concept of Forex charts seems to be incredibly important for the operation of foreign exchange transactions. With such a tool, the identification of the technical patterns and the analysis of the currency evolution becomes a lot easier. Free Forex charts work for training and create the skills necessary to forecast market trends. All the valuable courses that train people for brokerage focus on Forex charts analysis. Free Forex charts are available for download and you can access them on lots of websites. The evolution of hundreds of currency pairs can be tracked on professional free Forex charts. Nevertheless too complex tools can only be understood by a trained eye, while they remain […] Read the rest of the article
  • Becoming successful at day trading
    1 December 2017 , You have the option to trade during the day and at night when it comes to trading on the Forex market, and before you get started with either of course you are going to want to make sure that you have at least a basic idea of what you are doing here and this way you are going to be able to come out of this all with the best possible results. For Forex day trading in particular there are a few things that you are going to want to keep in mind, especially if you are just a newbie who is getting started and needs to learn Forex trading. If you want to learn more about Forex day trading there are a couple different ways that you could choose to go about this, and it really all depends on which […] Read the rest of the article

Latest Forex News

  • More from Ross: Tough trade stance doesn't mean US is sacrificing growth
    on 21 June 2018 at 11 h 37 min

    US commerce secretary Wilbur Ross speaks to Bloomberg TV now Mainly sticking with the script still. Not letting up on the tough trade stance although he's not adding anything new to the US-China trade spat from earlier this week. […]

  • Wilbur Ross says Trump's ultimate objective is to remove trade barriers, tariffs
    on 21 June 2018 at 11 h 19 min

    US commerce secretary, Wilbur Ross, speaks to CNBC in an interview The long game as some would say, eh? No doubt the tariffs have changed the way global trade is working, as everyone will be looking into tit-for-tat countermeasures should things go unfavourably against the US now. Not sure about how it has strengthened international cooperation […]

  • Sterling rises to best levels on the day after BOE decision
    on 21 June 2018 at 11 h 11 min

    GBP/USD rises to a high of 1.3211 And nears a test of the 100-hour MA (red line) @ 1.3212. The pair was trading near the lows prior the decision at around 1.3110 levels but the vote change and some tweaks in the language to the more hawkish side (change in the QE reduction target rate) gav […]

  • Bank of England leaves bank rate unchanged, votes 6-3-0
    on 21 June 2018 at 11 h 00 min

    Bank of England announces its monetary policy decision for June 2018 Here's the statement details: Haldane joining in on the vote count is the real kick here, and it pushes expectations of an August rate hike higher. GBP/USD jumps to session highs of 1.3204 now from near session lows of 1.3110 earlier. […]

  • Oman oil minister says Iran has agreed to discuss easing of oil output cuts
    on 21 June 2018 at 10 h 59 min

    Comments by Oman's oil minister in Vienna Looking more and more optimistic that we will see an agreement by tomorrow. But a lot of it is already baked in. The question remains now, by how much will output be increased. […]

  • Iran said to be unlikely to reject idea of 1 million bpd oil output increase - Reuters
    on 21 June 2018 at 10 h 44 min

    Citing an unnamed OPEC source That is provided there is a consensus among OPEC members and if it is needed by the market. If true, it bodes well that we may see some form of agreement between OPEC+ participants by the end of tomorrow and Saudi Arabia will be all smiles. […]

  • ForexLive European FX news wrap: Dollar extend gains as Italy worries drag the euro lower
    on 21 June 2018 at 10 h 41 min

    Forex news from the European trading session - 21 June 2018 Headlines: Markets: - USD leads, GBP lags behind on the day - European equities lower, Italy MIB leads losses […]

  • Making Sense of Bitcoin: Where is the Price Headed?
    on 21 June 2018 at 10 h 06 min

    A closer look at Bitcoin and trading it In contrast John McAfee, the founder of the antivirus software, is a fan and sees at $500,000 by 2020. Some see Bitcoin as here to stay and an it can only gain in value, while others watch it as a strange, but interesting anomaly from the sidelines. Making sense of it […]

  • ECB's Weidmann says ending QE is first step of multi-year normalisation
    on 21 June 2018 at 10 h 00 min

    Comments by ECB member Jens Weidmann Nothing new as well from Weidmann. If anything, it feels like he's less hawkish than usual. But considering he's one of the favourites to take over from Draghi come October next year, he probably doesn't want to pre-commit as well since the call for higher rates would then fall on […]

  • What to expect from the BOE decision later today?
    on 21 June 2018 at 9 h 54 min

    No change in the bank rate is expected, but it's all about the language Or should I say, it's all about whether or not the central bank offers any hints of an August rate hike. The two things to watch out for today will be the votes and the guidance/language by the central bank. […]

Latest Forex Analysis

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What is Forex ?

The Spot, Cash or Money market is the biggest market. You probably heard about futures, options and forwards which are derivatives of the main Cash Market.

The word FOREX is derived from Foreign Exchange and is the most largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $2.0 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of all the wordls' stock markets on any given day. This tends to lead to the most liquid market and thus makes it a very interesting market to trade. The Forex Market is an OTC Market (Over The Counter), meaning it doesn't have to be traded on an exchange.

The FX market does not have a fixed exchange. Nobody can claim having the right price but the high liquidity of this market makes it autoregulated. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are still executed through phone and increasingly through the Internet as the Internet penetration is growing drastically. It is only in the last few years that the smaller investor has been able to gain access to this market, around year 2000. Previously the large amounts of deposits required precluded the smaller investors and the monopoly of the big institution enabled a lot of cheating. With the advent of the Internet and growing competition it is now easily in the reach of most investors and the margin of the institution reduced automatically.

Special thanks to my dear french friends of https://bnains.org for helping me out setting up this website.