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Wednesday, March 19, 2008
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Some Forex Ideas

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A Forex system is a weapon of a soldier in this market. You must have one as soon as possible. Otherwise, it will be like fighting well-armed Forex robbers with a handbag. Best one is a self-made one because you can never feel comfy in borrowed shoes although borrowing good ideas from others is a good idea. Good luck.
One cannot make a dime unless follow the herd or trend most of the time. It is just that one has to be cautious when overbought/oversold region is approaching and know how to turn at inflection point for the opposite trend. Following herd needs average intelligence and courage but identifying inflection points and taking a necessary action needs not only intelligence but also a lot of courage. Again, fortune favors the brave.
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currency exchange rates



With proper timing, foreign currency exchange trading can pay off big. The world's financial markets have a great deal of volatilty built in, due to the dynamic nature of their design. With millions of participants and trillions of dollars at stake daily, currency trading represents a fast-paced opportunity to earn very good money, provided you learn a profitable trading strategy.
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currency conversion



REACTING TO NEWS
News or data are always read by the market along the prevailing market bias. Data can provide a good reading for the state of the market. If the data is bad but the price is still rising or not affected, it must be a bull market which means buy on dip strategy is a better one. Conversely, if the data is good but the price is not rising or even falling, it must be a bear market which means sell on bounce strategy is a better one. The inflexion point must be when bad news or good news. no longer affect the prices as they have done before. Medium/long-term bias changes are usually accompanied by such reactions to the news. It is not the numbers that counts but how the market reacts to the numbers that counts. That gives some comfort to those who are not privy to the numbers already

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UBS chairman takes 90% pay cut

Tue, 18 Mar 2008 08:00:24 EDT
Read full story for latest details.



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