No Bullshit Forex Blog, A Part of No Bullshit Network

Now let’s come back and touch base on our forex curriculum guide. We’ll still side track a little on how to trade, and focus a little on how to pick your choice of forex broker. First before identifying your type of broker, we’ll learn on pips spread.

What is Pips Spread?

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Another reason why liquidity of Forex gets better and better each day,

Sept. 25 (Bloomberg) — Foreign-exchange trading rose 65 percent to a record $3.2 trillion a day on average, led by growth in hedge funds and foreign investors, the Bank for International Settlements said in its triennial survey.

Read the full post of Currency Trades Soar To 3.2 Trillion A Day

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Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Read the full post of It’s Friday, Pairs To Look Out Next Week

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Jaclyn sends me an update on FXCM’s New Fractional Price Pip,

FXCM (www.fxcm.com) announced today they will now offer Fractional Pip Pricing. Clients can now see an additional digit in the price quotes.

Instead of quoting full pips, FXCM will now quote prices in tenths of pips. The digit representing a tenth of a pip appears to the right of the two large bold face digits:

Read the full post of FXCM’s New Lower Spreads

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To me it seems the Fed rate cuts are too huge, and all these are just the tip of the iceberg as things will be unraveling in the next few months. Remember when Alan Greenspan had cut the rates back in 2002? The Dow roared and rallied to what Bernanke had did just a day back.

Read the full post of Bush Optimistic on US Economy, Are You?

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Again, Euro sets its course to top its new heigh at 1.4087, will it be breaching 1.41xx zone? (EURUSD)
It still looks strong and will probably not be retracing anytime soon from now.

Dan and I were just chatting about this pair and he showed me this chart.

Read the full post of Euro Dollar Sets All Time High

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Our sites have been screwed up by DDoS pretty much lately and I’m still deciding on whether to switch to a new provider. In the meantime, for more updates on new forex articles and private investment opportunities as well, do sign up with our mailing list.

Definition of DDoS

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A turn around for the dollar before interest rate statement next week? Or a huge tumble?

Interesting pairs to look later would be USDCAD, where the candle positions are now closer to the bottom trend line and EURUSD, which the Euro might breach its new height again.

What’s your take?

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I’m not good at explaining stuffs, except I can only say, the more you practice, the better you get. And treat all demos as serious as how you would treat your own money. Here’s two trades triggered on my account. One from yesterday (USDJPY) and the other today (GBPJPY).

USDJPY +101 pips (still running)

GBPJPY +137 pips (still running)

Read the full post of Forex Trading Is Tough? You Just Really Need Practice

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Euro dollar sets all time high of 1.3914 against its US counterpart as sell-offs continues with the dollar. The debacle remains on whether the Fed will reduce interest rates next week.

With highly sensitive indicators releasing tomorrow (Retail Sales, Industrial Production, Market Sentiments), we should be able to confirm the weakness of the dollar before the Interest Rate announcement.

Read the full post of Euro sets All Time High as Dollar Sinks Further

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