eRSI) is a trading indicator in the technical analysis of financial markets. It is intended to indicate the current and historical strength or weakness of a market based on the closing prices of completed trading periods. It assumes that prices close higher in strong market periods, and lower in weaker periods and computes this as a ratio of the number of incrementally higher closes to the incrementally lower closes.
The Relative Strength Index was developed by J. Welles Wilder[1] and published in a 1978 book, New Concepts in Technical Trading Systems, and in Commodities magazine (now Futures magazine) in the June 1978 issue.
The RSI method may be classified as a momentum oscillator measuring the velocity and magnitude of directional price movements. Momentum is the rate of the rise or fall in price.
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Saturday 27 February 2010
Top 10 Most Popular Forex Books
Top 10 Most Popular Forex Books
February 26, 2008 by startforexprofit.com
The top 10 most popular forex books based on Amazon ranking are:
1. The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments by Jamaine Burrell
2. Day Trading For Dummies by Ann C. Logue
3. Fast Profits In Hard Times by Jordan E. Goodman
4. Forex Patterns & Probabilities by Ed Ponsi
5. Getting Started In Forex Trading Strategies by Michael Duane Archer
6. Getting Started In Currency Trading by Michael Duane Archer and James Lauren Bickford
7. Adventures of a Currency Trader by Rob Booker
8. Day Trading the Currency Market by Kathy Lien
9. The Forex Trading Course by Abe Cofnas
10. Candlestick and Pivot Point Trading Triggers by John Person
Popularity: 10%
February 26, 2008 by startforexprofit.com
The top 10 most popular forex books based on Amazon ranking are:
1. The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments by Jamaine Burrell
2. Day Trading For Dummies by Ann C. Logue
3. Fast Profits In Hard Times by Jordan E. Goodman
4. Forex Patterns & Probabilities by Ed Ponsi
5. Getting Started In Forex Trading Strategies by Michael Duane Archer
6. Getting Started In Currency Trading by Michael Duane Archer and James Lauren Bickford
7. Adventures of a Currency Trader by Rob Booker
8. Day Trading the Currency Market by Kathy Lien
9. The Forex Trading Course by Abe Cofnas
10. Candlestick and Pivot Point Trading Triggers by John Person
Popularity: 10%
Friday 26 February 2010
Where do you start if you want to Start Forex Trading?
The Forex market is a technical market and it does takes a while to come to grips with the basic principles underlying the currency markets, to develop the necessary skills in the use of some of the 'tools of the trade' (like technical and fundamental analysis tools) and to learn Forex currency trading online.
Despite this, you do not have to be an expert in the currency markets to profit from them. As long as you take the time to learn foreign exchange currency trading and put in a bit of effort it is quite easy to gain enough of an understanding to begin making money through Foreign trading online.
Well a good starting point is to look at just what Forex trading is and who the players in this market are. We should also think about just why you should be learning online Forex trading and thinking about starting you own online Forex trading business.
Despite this, you do not have to be an expert in the currency markets to profit from them. As long as you take the time to learn foreign exchange currency trading and put in a bit of effort it is quite easy to gain enough of an understanding to begin making money through Foreign trading online.
Well a good starting point is to look at just what Forex trading is and who the players in this market are. We should also think about just why you should be learning online Forex trading and thinking about starting you own online Forex trading business.
How to Trade Forex
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type.
Wednesday 24 February 2010
How to Trade Forex
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type.
Tuesday 23 February 2010
Monday 22 February 2010
Why Trade Forex
* Unlike the stock market the forex market revolves around more or less eight major currencies. A narrow choice means it’s easier to get a clear picture of what’s happening in the market at any point in time.
* The colossal size of the forex market makes sure that no one single trading entity can corner the market.
* All anyone needs to take part in the forex market is a computer with an internet connection.
* The forex market is open 24 hours a day, so that you can trade whenever you hear a financial scoop.
* The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion. The enormous volume of daily trades means that under normal market conditions you can buy and sell currency as you please.
* In the forex market currencies are traded against each other, which means that all profit and loss is relative and one can achieve both whether a currency is going up or down.
* The colossal size of the forex market makes sure that no one single trading entity can corner the market.
* All anyone needs to take part in the forex market is a computer with an internet connection.
* The forex market is open 24 hours a day, so that you can trade whenever you hear a financial scoop.
* The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion. The enormous volume of daily trades means that under normal market conditions you can buy and sell currency as you please.
* In the forex market currencies are traded against each other, which means that all profit and loss is relative and one can achieve both whether a currency is going up or down.
Wednesday 17 February 2010
Forex Made Easy
Foreign exchange is the concurrent purchasing of one country’s currency and selling of another. Around 5% of everyday revenue is from governments and companies that purchase and sell currencies. The other 95% is trading for profit, or speculation.
The foreign exchange market also referred to as the forex or FX market is the largest economic market in the world, with everyday average revenue of over 1 trillion dollars, thirty times larger than the mixed amount of the entire United States stock exchanges.
forex made easy
The top trading chances are with the main frequently traded (and as a result most liquid) currencies for speculators called “the Majors.” At the present over 85% of the entire everyday transactions engross trading of the Majors, which involve the US dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian
The foreign exchange market also referred to as the forex or FX market is the largest economic market in the world, with everyday average revenue of over 1 trillion dollars, thirty times larger than the mixed amount of the entire United States stock exchanges.
forex made easy
The top trading chances are with the main frequently traded (and as a result most liquid) currencies for speculators called “the Majors.” At the present over 85% of the entire everyday transactions engross trading of the Majors, which involve the US dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian
Successful Forex Traders - And Habits
As it turns out those who are successful in Forex trading seem to have a number of traits in common. Wouldn’t it be nice to have the same habits as the most successful traders?
1 - Planning is a big part of a successful Forex traders profitability. As the saying goes “if you fail to plan, you plan to fail”. Too many Forex traders use the “fire, aim, ready” method. Let em tell you from personal experience that this is not the way to go.
2 - If you really are planning on making good money with Forex you will need to have sufficient working capital. Without adequate capital you won’t be able to stay in the game during challenging market periods.
3 - Have more realistic expectations of profits. A lot of people enter into Forex trading and immediately picture themselves buying their own private island in 2 months. Please keep in mind that successful trading is a
1 - Planning is a big part of a successful Forex traders profitability. As the saying goes “if you fail to plan, you plan to fail”. Too many Forex traders use the “fire, aim, ready” method. Let em tell you from personal experience that this is not the way to go.
2 - If you really are planning on making good money with Forex you will need to have sufficient working capital. Without adequate capital you won’t be able to stay in the game during challenging market periods.
3 - Have more realistic expectations of profits. A lot of people enter into Forex trading and immediately picture themselves buying their own private island in 2 months. Please keep in mind that successful trading is a
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