Archive for the 'forex' Category

Susg your Long URL

Published on 3 years, 11 months ago in forex. 4 Comments

Here’s a spam coming from Benson Koh, but I reckon it’ll do something good than bad. *Pastes what he basically wrote

susg your Long url

What susg basically does?

It shortens your url from a lengthy one (like tinyurl), say an example an eBay listing which is awefully long url

http://computers.listings.ebay.com/Apple-Computers-Components_W0QQfromZR4
QQsacatZ4599QQsocmdZListingItemListQQssPageNameZdc pComputersTextNonFeat

into something short and span like

http://su.sg/d0f5

It’s good for?

* URL shorteners are important because they make long links much easier to communicate.
* Good for publications that needs lesser characters
* Good for newsgroups, especially those lengthy urls looks super messy
* Affiliate links, though unrecommended.

Try it. It’s free anyway!

It works well for me. How about you? ;)

Review of FXCM’s First Email – Introductory to Forex Trading

Published on 3 years, 11 months ago in forex resources. 11 Comments

Ah, the first tutorial on forex came just right into my mailbox from FXCM . Well, you still have to head somewhere to get the pdf for your brand new forex tutorial.

It basically covers: –

- The differences between Forex and other trading platform
- The types of currencies that are usually traded

You’d wanna try signing up and get the download link. Babypips still does a better job at this one in my opinion, but it doesn’t hurt to have an extra material for reference!

FXCM Free Forex Tutorial

Published on 3 years, 11 months ago in forex brokers, forex for beginners and forex signals. 6 Comments

Despite my inactivity, Jaclyn still faithfully updates me on FXCM’s happening. FXCM is now offering free email education, a 12 installment email tutorial on forex trading,

FXCM Free Forex Email Tutorials

FXCM (www.fxcm.com), the official currency-trading sponsor of the CNBC.com Million Dollar Portfolio Challenge, announced today that it is providing all contestants of the virtual trading competition with free forex education and trading signals to optimize their currency-trading experience.

Free Education: Contestants can sign up for FREE education lessons on trading in the currency market. Written by DailyFX.com analysts, the lessons will help traders gain an edge in trading their currency portfolio. The lessons come in an e-mail cycle, and registrants will receive 12 e-mails in total (1 lesson per day).
Sign up here: http://www.fxcm.com/cnbc-signup.jsp

Free Trading Signals: Contestants of the CNBC.com Million Dollar Portfolio Challenge contestants can also take advantage of full access to proprietary forex trading signals from DailyFX + for the duration of the contest. These proprietary trading signals will help new currency traders to construct trading ideas.
To login to DailyFX + http://plus.dailyfx.com
To learn more about DailyFX + http://www.fxcm.com/dailyfx-plus.jsp
To view the video of DailyFX + https://admin.acrobat.com/_a205571165/p67648316/
General Discussion: FXCM is happy to welcome all traders to the DailyFX.com forum, which is designed to open lines of communication between traders and to answer any questions they may have about trading foreign currencies. Contestants can discuss their currency trades and strategies with other traders participating in the challenge.

Start a discussion here: http://www.learncurrencytrading.com/fxforum/forumdisplay.php?f=171

FXCM would like to wish all traders, Good luck!

About the CNBC.com Million Dollar Portfolio Challenge:

The CNBC.com Million Dollar Portfolio Challenge is a virtual trading competition that was previously limited to stock trading only and will now feature both stock trading and currency trading. Competitors in the Challenge, which began on May 12, 2008, are given $1 million in virtual “CNBC Bucks,” $900,000 for trading common stocks, and $100,000 at ten-to-one margin for currency trading.* For 10 weeks, traders compete to win exciting weekly prizes for the highest percentage of weekly portfolio growth. At the end of the 10-week period, the top 6 players with the highest overall holdings in his or her portfolio will receive an aggregate of $1,000,000 in cash prizes, paid as annuities.

For a complete set of contest rules, and to register for CNBC.com’s Million Dollar Portfolio Challenge, please visit https://milliondollar.cnbc.com
*Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

I’m not so much fan of forex signals, but I’ve signed up on their forex course to see what’s going on. Free anyway!

GBP/USD and GBP/JPY – March 3rd 2008

Published on 4 years, 2 months ago in forex, GBPJPY and GBPUSD. 7 Comments

GBP/USD

Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.

Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 – 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.

GBP/USD

GBP/JPY

GBP/JPY stayed in a huge range, +900 pips for two months now. Today it broke through the support going down over 100 pips, then price returned quickly inside the range. On the 4h chart no bar closed below 204.60. A bar closing below this level will signal a further drop in this pair, one I am willing to take it that happens. I think the upside potential is limited at 205.85 today. I wouldn’t take any trades between 204.60 and 205.85, there is no clear direction between these two levels!

GBP/JPY 1

I wish you a profitable week trading FOREX!
OptimusLH

FXCM Posted 36.49% Up for their Managed Sentiment Account in 2007

Published on 4 years, 3 months ago in forex news. 5 Comments

And I would say it’s a feat and good result. FXCM managed to post 36.49% up for their sentiments managed accounts for their clients for 2007,

Dear Trader:

FXCM’s Managed Accounts performed spectacularly in 2007.

We outperformed most funds in our category, with top rankings in BarclayHedge, AutumnGold, and IASG.

Sentiment Program: 36.94% gain in 2007*

BarclayHedge: Top 10 Currency, Systematic CTA
Ranked 2nd by Sharpe Ratio

AutumnGold: Ranked 5th for Current Monthly Performance, New Funds, Ranked by YTD Return

These are not hypothetical results; this program has been trading real money throughout 2007.

View Detailed Results | Open an Account

Sentiment Aggressive Program: 64.07% gain in 2007 (program began in July)*

AutumnGold: Ranked 3rd for the year for new funds (funds started after January 2005)
Ranked 3rd for Large Funds

IASG: Ranked 5th for funds with over $10m under management

Both programs are notable for special advantages—a very low minimum investment and no lock-up period.

I still find it funny that a broker firm offers MA because it would completely be a total conflict of interest, but its nice to see people making money out of it.

Global One Group, Avoid

Published on 4 years, 5 months ago in forex. 15 Comments

It’s a total piece of crap that I spent my $1,000 on and I would ask everyone who’s considering to pay a membership to “learn” what you can to avoid it.

I’ll talk about it later, it’s 6.20AM here.

US Interest Rate For This Month

Published on 4 years, 5 months ago in forex. 2 Comments

Which are you foreseeing to happen?

minus 25 points

minus 50 points?

no action?

Hmm. Share your views with us!

Ooh, It’s the Canadian Dollar Time

Published on 4 years, 5 months ago in forex and forex articles. 1 Comment

We can take a look at USDCAD before the release of the NFP on it’s employment changes.

An analysis from Tim, Investica at Forex Factory

Following the surprise interest rate cut this week, markets will now look to assess the extent of a slowdown in the Canadian economy and the prospect for a further short-term policy response from the Bank of Canada.

The employment data is a flawed indicator to some extent as it is a backward-looking indicator, but it will still have an important impact on market sentiment.

The past two monthly releases have both been substantially stronger than expected with employment growth of 63,000 in October following an increase of 51,100 the previous month while unemployment fell to 5.8% from 5.9%.

It is unlikely that Canada will sustain this pace of job creation as a ‘normal’ increase is in the region of 25,000. There is, therefore, a strong probability of weaker data this month and a drop in employment is certainly a serious possibility.

Within the data, the full-time/part-time split will also be watched closely with employment gains treated more seriously if the increase in concentrated in full-time jobs. There are also likely to be big regional differences in the data.

Overall, following the two months of strong data, a significantly weaker figure is likely in this month’s data. In this context, any employment increase above 20,000 should be considered as strong and should trigger Canadian dollar gains.

In contrast, any fall in employment will trigger a negative reaction and a drop of over 15,000 would be likely to trigger sharp Canadian dollar losses back towards 1.02 against the US dollar while any drop over 30,000 would trigger speculation over a further interest rate cut in January.

Technical chart time

USDCAD 4 Hrs 120707

It looks easier for USDCAD to break the trendline on the top rather than retracing down, but point to take note is that this pair is still on the major downcourse. Of course this news would probably be superceded by Nonfarm Payroll coming up in an hour and a half right after this.

Dan advice: Place your long for USDCAD unless 1.0057 breaks

It’s the Time to Rumble Again For Nonfarm Payroll!

Published on 4 years, 5 months ago in forex. 3 Comments

Uh uh, it’s 9 hours from now before the next Nonfarm Payroll figures are release for the US, which means its another royal rumble again. If you’re new to NFP, this is a short introduction from IBFX,

What is the non-farm payroll report?

Of all the world monthly economic reports, the monthly US NFP report is the most highly anticipated and has the most dramatic impact on the currency market.

The report, which is released on the first Friday of each month and states the previous month’s numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.

What’s more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the US economy and interest rates translate to the strength or weakness of the US dollar.

The exact figures will be released here.

We’re estimating a figure of 65 – 75K jobs this round as compared to the previous huge 166K. If it goes as forecast, we’ll probably see Mr. USD dipping against most major pairs, but I’m doubting since the ADP figures were so much better than expected. Hmm, mix feelings. Let’s explore some of the charts to see what kind of potential good trades we can get, technically.

If it were to be crappier than the forecast..

USDCAD

It looks pretty good for a short with the fibo levels. In the general long term, USDCAD still seem to be on a major down trend.

USDCHF

A doji is forming on the 4th hour, with 200EMA/SMA lines below. We’ll watch out for MACD reversing downwards before an entry after the news release (yes, after if you’re trading the news)

If it were to be better than the forecast..

GBPUSD

Looks really good for a long now, especially after the slide with the Interest Rates figure earlier. The major trend is still upwards, let’s wait and see if it heads up back since 200EMA/SMA lines are on the top for hour 1 and hour 4 charts.


Remember, if you’re trading the news, please only do it after the news release and wait for some reaction. You’d rather make lesser than get yourself whipped in the process. Also take note that during this time, orders are more difficult to fill and you might be offered a wider spread as compared to your usual ones.

FXCM News – Long Ridge & Lehman Brothers Among Investors Agreeing To Buy 35% of FXCM

Published on 4 years, 5 months ago in forex brokers. 0 Comments

News came from Jaclyn, FXCM

New York, December 3, 2007 — Today, Forex Capital Markets LLC (FXCM) announced that the Refco estate agreed to sell its 35% ownership interest in FXCM to Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers. The financial terms of the transaction were not disclosed.

The announcement of the sale was made today by Drew Niv, CEO of Forex Capital Markets LLC (FXCM), the Wall Street currency trader.
“We are extremely pleased with the outcome of the auction,” said Niv, “and we look forward to Lehman Brothers and Long Ridge becoming shareholders in FXCM. We believe Lehman Brothers’ expertise in the global foreign exchange market and insight into growing our business will be extremely beneficial both for our company and for our clients.”

Upon completion of the transfer of ownership:

• FXCM will no longer have any financial connection or business relationship with the Refco estate;
• Five investors, including Long Ridge FXCM, L.P. and Long Ridge FXCM Coinvestment, LLC, are purchasing 25.1%. Lehman Brothers has agreed to acquire an equity stake of 9.9%.
• The FXCM Board of Directors will be composed of seven members. Five seats will be held by original founders of FXCM and two will be held by members nominated by the new investors excluding Lehman Brothers;
• There will be no change in FXCM’s management, operations or services.
Refco Exits As A Shareholder

“As a result of the transfer of ownership, the Refco estate will have no equity stake in FXCM,” said Niv. “Replacing Refco as a shareholder will be a positive in the marketplace, enabling the industry and individual traders to focus on FXCM’s strong financial position, its growing business and its product innovations.”

No Change In Leadership Or Management

“The results of the auction will change neither the leadership nor the management of FXCM,” said Niv. “The investment being purchased constitutes a minority interest in FXCM. The original founding partners of FXCM still control a majority of 5 of the 7 seats onour Board of Directors, and will collectively make all major decisions. The new investors are fully in sync with management’s plans, so FXCM will not be making any changes in personnel, operations, or strategic direction as a result of the auction.”

A Vote Of Confidence For The No Dealing Desk Model

“The no-dealing-desk trading platform we have developed allows currency traders to receive prices provided to FXCM, from some of the world’s largest banks, who, offer us some of the most favorable rates. We believe this business model points the way for all retail currency trading in the future,” said Niv.