For instance, EUR/USD the exchange rate is 1.2505/1.2509 & your leverage is 1:100. You believe EUR/USD will shoot up & buy 0.1 lot of EUR/USD at 1.2509 (Ask price). So, you buy 10,000 EUR and sell 10,000*1.2509=12,509 USD. In fact to fund this position you do not have to have 12,509 USD but only 125.09 USD. The rest of the money is leveraged to you by the service provider.
Leverage (or gearing) mechanism allows you to open and hold a position much larger than your trading account value. 1:100 leverage means that when you wish to open a new position, then you need to support a deposit 100 times less than the value of the contract you are interested in.
For example, you believe that EUR/USD is moving higher and buy 10,000 EUR and sell 12,509 USD. Assuming you are right and EUR/USD goes up to 1.2599/1.2603 and you decide to close the position: when you close a long position you sell the base currency (10,000 EUR in our example) and buy the quote currency (10,000*1.2599 = 12,599 USD):
To fund this position you only need 100 EUR (approximately 125 USD) not 10,000 EUR. The profit on this position is 90 pips (1.2599-1.2509=0.0090). A pip or point is a minimal rate fluctuation. For EUR/USD 1 pip is 0.0001 of the price (see Table 2).
This example shows a favourable outcome. If EUR/USD had fallen you would realise a loss not a profit and with leverage this loss will be magnified. For example, if you close the position at 1.2419, your loss would be $90.
Forex is never is Risk Free game and there is always a possibility that the trades can go against you. To avoid this, the FOREX trader can learn how to trade profitably and while minimizing losses. Always check whether your FOREX brokers are associated with large financial institutions like banks or insurance companies and with proper government agencies or not. In the United States brokers should be registered with the Commodities Futures Trading Commission (CFTC) or a member of the National Futures Association (NFA). You can also check with your local Consumer Protection Bureau and the Better Business Bureau. There are still risks to FOREX trading as the transactions are subject to unexpected rate changes, volatile markets and political events.
Exchange Rate Risk means refers to the fluctuations in currency prices over a trading period. Prices can fall rapidly resulting in substantial losses unless stop loss orders are used when trading FOREX. Stop loss orders specify that the open position should be closed if currency prices pass a predetermined level. Stop loss orders can be used in conjunction with limit orders to automate FOREX trading limit orders specify an open position should be closed at a specified profit target.
Interest Rate Risk can result from discrepancies between the interest rates in the two countries represented by the currency pair in a FOREX quote. This discrepancy can result in variations from the expected profit or loss of a particular FOREX transaction.
Credit Risk is the possibility that one party in a FOREX transaction may not honor their debt when the deal is closed. This may happen when a bank or financial institution declares insolvency. Credit risk is minimized by dealing on regulated exchanges which require members to be monitored for credit worthiness.
Country Risk is associated with governments that may become involved in foreign exchange markets by limiting the flow of currency. There is more country risk associated with 'exotic' currencies than with major currencies that allow the free trading of their currency.
Limiting Risk FOREX trading can be risky, but there are ways to limit risk and financial exposure. Every FOREX trader should have a trading strategy knowing WHEN TO ENTER AND WHEN TO EXIT the market and what kind of movements to expect. This requires education which is the key to limiting FOREX risk.
At all times follow the basic rule:
• Do not place money in the FOREX that you cannot afford to lose.
• It is necessary to know at least the basics about technical analysis and how to read financial charts.
• It is necessary to study chart movements and indicators and understand how charts are interpreted.
Even the most knowledgeable traders, however, can't predict with absolute certainty how the market will behave. Stop-loss orders are the most common ways of minimizing risk when placing an entry order. A stop-loss order contains instructions to exit your position if the currency price reaches a certain point. If you take a long position (expecting the price to rise) you would place a stop loss order below current market price. If you take a short position (expecting the price to fall) you would place a stop loss order above current market price.
Under margin trading conditions even small market movements may have a great impact on the customer's trading account. You must consider that if the market moves against you, you may sustain a total loss greater than the funds deposited. You are responsible for all the risks, financial resources you use and for the chosen trading strategy.
It is important that you should not engage in trading unless you understand the nature of the transaction you are entering into and, the true extent of the exposure to the risk of loss. These products may not be suitable for all investors; therefore if you do not fully understand the risks involved, you must seek independent advice.
Under margin trading conditions even small market movements may have great impact on the customer's trading account. You must consider that if the market moves against you, you may sustain a total loss greater than the funds deposited. You are responsible for all the risks, financial resources you use and for the chosen trading strategy.
Some instruments trade within wide intraday ranges with volatile price movements. Therefore, you must carefully consider that there is a high risk of losses as well as profits.
The best way is the simulated Forex trading which lets you see the account online and see how it would perform if it were a read account. You will be able to see if your trading resulted in a profit or a loss at the end of the day without risking any real money. Simulated Forex trading works by giving you an imaginary amount of money in your simulated margin account. You will watch the news reports and study the currency markets. When you decide which currency will increase in value against another currency, you buy an amount of that currency and sell off the equal amount of the decreasing currency. The difference between the two currencies is what gives you your profit. Using simulated Forex trading is the best way to learn the Forex trading game without risking your own money.
After using a simulated account you may find that Forex trading is something that you just don't want to do or you don't have a knack for it. Simulated Forex trading will also let you practice your trading. You can learn from your mistakes without risking any real money. Most of the brokerage houses will offer simulated Forex trading. Some may charge for the service, but the fee is usually small. So before you jump in feet first to Forex trading, use a simulated Forex trading tool to learn the ropes. Forex trading can be quite volatile and complicated. Be smart, practice first and don't risk losing your hard earned cash.
To improvise the returns in your Forex Trading programme, we provide you with the useful TIPS that everyone wants to know about. Our Tips are not conventional but most traders don't make money fast in Forex trading so don't let that worry you. These are simple yet powerful tips any Forex trader should consider to improve their profitability. A good place to start is with classic investment book - the Zurich Axioms by Max Gunther. The wisdom is simple, profitable timeless, unconventional, funny and its one of the most inspiring and essential investment books ever written. Several of the Axioms are not accepted wisdom - however the Swiss investors who wrote them became rich, while most investors are not.
"The allure of diversification has to be resisted"
Diversify your investments is accepted as a way to make money longer term and reduce risk but all it does is dilute profits. You will read about risking 2% per trade and spreading your trades around. But if you are like most Forex traders and trading a small account of around $2,000 you won't make much money risking $40.00. The Zurich Axioms encourage you NOT to diversify. Look for the big potential winners and risk more. This does not mean you are being rash, you are simply risking more on the high odds trades and ignoring marginal trades - many traders simply trade too much. In currency trading you don't get paid for how much effort you put in or the amount of trades you make instead you get your reward for being RIGHT with your trading signal.
The Pareto Principle - 80 / 20 Rule.
The above philosophy of trading less is related to famous the 80 / 20 rule or Pareto principle. The rule states that 80% of your results come from 20% of your activities. This is true in many areas of life in sales, business and trading. The rule postulates that by concentrating on the best investments, and ignoring the others, you can improve your profitability by only focusing on a smaller number of good trades. This is really a common sense rule, yet very few Forex traders think about or practice this rule. Most Forex traders are obsessed with trading - they think if their not in the market they will miss a move.
Other traders try trading in ways that simply offer them no chance of success like Forex day trading or scalping. I know traders that make triple digit annual gains and only trade once every few months and I know other traders who trade every day and lose. Keep in mind the aim of Forex trading is to make money and that’s all. The major reason traders don't win is because of the fear of risk. But to make big gains you have to take calculated risks when the time is right and a good trade presents itself and load it up with a meaningful amount of money.
"Worry is not a sickness but a sign of health...If you are not worried, you are not risking enough" and "Always play for meaningful stakes. If an amount is so small that its loss won't make any significant difference, then it isn't likely to bring any significant gains either". If you want to make money fast in Forex trading then you need to risk meaningful amounts on the right trades at the right time. So if you want to make money fast seek out the high odds trades and load them up with as much as you can afford and aim for and achieve higher returns
In Foreign exchange trading a "Spot" basis means that all trades settle two business days from inception, as per market convention. The settlement date is referred to as the value date. There is no physical delivery of currencies hence, all positions left open and will be rolled over to a new Value Date.
If you have a long position (bought) and the first currency in the currency pair has a higher overnight interest rate than the second currency, then you receive a gain. If you have a long position (bought) and the first currency in the currency pair has a lower overnight interest rate than the second currency, then you lose the difference.
If you have a short position (sold) and the first currency in the currency pair has a higher overnight interest rate than the second currency, then you lose the difference. If you have a short position (sold) and the first currency in the currency pair has a lower overnight interest rate than the second currency, then you receive a gain.
The act of rolling the currency pair over is known as tom.next, which stands for tomorrow and the next day.
The software that you choose should have a 'live' platform for trading apart from other useful components. The most important component that you should check for while going in for Forex trading software is the security component. It is always preferable to go in for online trading software that includes something known as a 128 bit SSL encryption. This ensures that hackers cannot access any of your personal information such as your transaction history and your account balance.
When shopping for Forex software it is necessary to choose a company which provides for round-the-clock technical support. This is important during trouble shootings. You should also go in for Forex trading software that provides for daily backup of all the information that is processed when you trade. Other devices such as fingerprint scanners and smart cards are also used by some Forex companies in order to ensure that only certain people have access to information through their servers.
Please also check for the company's downtime. Your Forex trading software should be reliable and also available for use round-the-clock. Advancing computer technology has in fact advanced to such an extent that many of us can now handle Forex trading even while on the move with the help of mobile telephony devices. These rapid technological advancements are excellent additions to this already popular investment vehicle. You can find numerous online guides which can help you to choose the right Forex trading software.
Hence when it comes to Forex trading one of the most important things that you need to consider is the Forex software that you choose because of the competition in trading software. A simple online search can put you across to literally hundreds of vendors who deal with such software. With this being the case choosing the right software can sometimes look like a daunting task indeed. Once you carefully consider certain factors the entire shopping process becomes rather easy.
When considering Forex trading, you must know that good Forex trading software is a must for every Forex trader. This will help you to access market information daily to help you in your trading decisions. There are two basic types of Forex trading software:
Web based trading software and
Server based trading software.
The web based trading software is more popular than the server based. With the web based software, everything is stored on your broker's website. You log in with you access information to use it. There is no expensive installation of data servers and you don't have to worry about maintenance or upgrading.
With the server based software you first need a well equipped computer to use for your data server. This can be very expensive. These data servers are used to transactions of the user and traders in addition to website content. The disadvantage to this software is that there can be delays in transmission because of the Internet connection speed. Sometimes just the physical distance between the main server and the peripherals of the trader can cause delays. Therefore, the server based trading software is more expensive and more difficult to use. Good trading software should be able to be customized to your specific trading style. The Forex trading software on the market today allows you to maintain trade records and it has a charting interface. But some people need to be able to custom their software based on their trading style. A lot of traders like to trade using a system of moving averages. The most important thing about choosing Forex trading software is making sure that it is reliable. You want to make sure that you can get instant access to the trading market so that you will be able to check prices and movement. Make sure that there are no delays in data delivery with the particular software you are considering. Do some research and ask around in the trading forums for recommendations for good Forex trading software. Good Forex trading software can make all the difference when it comes to making money or losing money.
The most important Forex trading tool is to have a calendar of economic reports. This calendar will help you to avoid trading when the market is volatile and unpredictable. You can find the best calendar to fit your needs on the Internet. The website known as the ForexFactory has a lot of good information on Forex trading and a very lively forum. It also has a great calendar. This calendar can be set to your time zone and will give you the time that fundamental announcements will be made in your local time. It also has a great color coding feature that has economic reports that are likely to have the greatest impact in red, medium impact in orange and minor in yellow. You can tell by just a glance the best times to trade and when to exercise some caution. A website called the FXCM has an associated site called the dailyfx.com. This site has a daily calendar containing fundamental announcements that can be viewed online or downloaded to a PDF file. The reports that will have a major impact are in bold. The PDF file can be printed out to use as a reference on your desk or beside your computer. Another good trading calendar is the Econoday calendar. This is the favorite among many professional Forex traders and fund managers. But this calendar requires a paid subscription. If you are just starting out, there is a free version from Barrons that is good. This calendar will also give you links to detailed explanations on all the major economic reports and why the market cares about them and the effect that this will have. Forex trading can be complicated and the market can be quite fickle. The economic calendar is your road map to success. You wouldn't want to wander around in the dark without a flashlight, so you shouldn't want to do Forex trading without a calendar. A good calendar of economic reports can make all the difference between gains and losses in the Forex trading world.
• For anyone who is really interested to learn Forex Trading strategies sincerely, there is a lot to learn from hedging the funds. These strategies are actually sub-strategies to the two mentioned basic strategies, which are fundamental and technical analysis.
Olsen, a Swiss finance research company, has classified hedge funds according to the trading strategies of each one. According to the company’s classification, there are currently four major trading strategies:
• Event driven
• Long/Short strategies
• Relative Value
• Tactical trading
•
Also, to learn about these strategies, mentoring programs may offer mentoring on a specific trading style, especially if you ask to be taught on a single line of strategy.
Success can be achieved by using both fundamental and technical analysis so select which is more comfortable with you. If you choose fundamental analysis exclusively, you have to follow current breaking news, indicators, as well as political trends to make money. Using fundamental analysis for trading calls requires deep understanding how the markets work and how the markets will react to news.
You can select fundamental information with econometric tools to make trading calls. Selecting technical analysis will need the knowledge of a technical analysis trading style that suits you best. Most of the technical analysis rules have the benefit of being systematical, making testing a strategy on historical data comparably easy.
Among the first places to look for education on currency trading techniques are brokerages. These companies will want you to be confident in using their trading platform, and thus will give you a full education, for a fee or for free, on using trading techniques, such as stops and limit orders. Other places to look for online or classroom education on currency trading strategies are Forex education institutions and market information providers. Most of the courses offered will integrate the currency trading technique education as part of teaching a complete trading system. The education should show you the most advantageous situations for using, for example, market orders. In very volatile situations a market order might get your order filled for a very different price that you intended it to be filled.
Another example is placing stops. There are some very popular price points for stops, such as around round numbers that traders use. How and when to use similar entry techniques should be part of the education
• Base currency is the first currency in the pair.
• Quote currency is the second currency in the pair.
For eg:
USD / JPY = 120.50
i.e Base Currency / Quote Currency = Rate
(in this example, 120.25 Japanese Yen for one US Dollar)
This means how much you have to pay in Quote currency to obtain one unit of the Base currency. The minimum rate fluctuation is called a POINT or PIP.The currency pairs on Forex are quoted as the Bid and Ask prices.
• Bid is the rate at which you can sell the base currency. In the above mentioned example, it is ( US Dollar ), and buy the quote currency ( Japanese Yen.)
• Ask ( or Offer) is the rate at which one can buy the base currency, In the above mentioned example, buy ( US Dollar ), and sell the quote currency, ( Japanese Yen.)
• Spread is the difference between the Bid and the Ask price.
Pip is the smallest price increment a currency can make. Also known as a point. For instance – (1 pip = 0.0001 for EUR/USD, and 0.01 for USD/JPY.)
• Currency Rate is the value of one currency expressed in terms of another. The rate depends on the supply and demand on the market or restrictions by a government or by a central bank.
• Margin is the collateral required by any agency to open and maintain a position for you. And it varies from one service provider to the other.
• Balance is the total financial result of all completed transactions and deposits/withdrawals on the trading account.
• Floating Profit/Loss is current profit/loss on open positions calculated at the current prices.
• Equity is calculated as balance + floating profit - floating loss.
• Free margin means funds on the trading account, which may be used to open a position. It is calculated as equity less necessary margin.
Forex, trading of money, is one to the most traded markets today. It consists of simultaneously buying one currency and selling another. You are basically investing in the economy of a particular country. Unlike today, Forex was earlier reserved only for those who were wealthy. But the development of the Internet has gifted this trade to every commo0n man. The very first lesson on Forex trading is to trade pairs, not currencies. You must do your research and know how each currency impacts the other. If you don't learn the basics you will probably lose all of your investments. Making a trading strategy is vital to make money with Forex trading. Planning is of utmost importance in this Trade.
• Make a Trading strategy for safety.
• Don't trade during off peak hours.
• The markets can go up as well as down.
• It is difficult to accurately predict the future.
• Stay connected to every information and news.
• Major events of the world have a powerful impact on Forex.
• Closely watch every detail and trade accordingly.
A trade that is not working for you can ruin you so better to get out immediately. Waiting for it to improve just increases your risk for loss. Do not be emotional but trade smart with confidence or else you won’t make the best trades. For any business it is advisable to learn the business inside and out before you begin to trade. Thinking that you have a sure thing and that your trade is going to make you thousands of dollars is a guaranteed way to lose everything. Carefully select a broker for you who has a strong review and take other known peoples comments. Making money in Forex trading is not very difficult if you know where you are moving. Research and learn everything you can about Forex trading. A lot of online trading sites will let you DEMO trade for a while meaning to practice this trade without risking any money. Once confident after the net practice, you can plunge yourself in this vast ocean and get the pearl out of it.
In Forex, Leverage is a very powerful tool to make money very quickly. Forex Market is the largest in the world & provides amazing liquidity. There are always people ready to buy and sell so you can always enter and exit your position easily. Smaller markets may not always give you the ability to exit your trade so easily. In stock market larger players can influence a particular stock and cause movement just by their trades. The sun is always shining somewhere. There is always trading going on 24 hours a day Monday to Friday. It goes from city to city following the sun. Plus you still get your weekends of to relax. With stocks the markets closes and news is released and the stock can gap at the open leaving you in a worse position. When you can trade a very liquid market open 24 Hours it makes it a whole lot easier to manage your positions and relax. You are trading so that you can have a better life & not just stuck in front of a computer. It is important to get clear on why you are trading or you can just be just swapping one situation for another and not really improving your life. Volatility Stocks may go in sideways movements and suddenly rush up or down and there are a lot of stocks to choose from. It is easier to find consistent volatility in the Forex market. The market is always moving so there are always plenty of opportunities for day trading. So this Forex Market provides great opportunity for people to enrich their lives. It gives people willing to learn a little a great lifestyle which others can envy.
Forex market seems to be one of the hottest markets these days. It takes just a small amount of capital to get going and you get leverage with it. This is important because a lot of people entering the market are looking for ways to make money and not just to invest their spare cash. Leverage means that you can use other people’s money to make your investment bigger. At the same time this also introduces greater chance for Loss. To avoid losses, you have to keep track of the great potential and positive aspects of Forex trading.
Liquidity : Forex is the largest financial market in the world, with the equivalent of over $3-4 trillion changing hands daily whereas traded volume on the stock markets equates to only 500 billion US dollars.
Flexibility : Forex is a 24-hour market, which offers a major advantage over other markets, for example, stock exchanges which are only open during regional business hours. You can respond to breaking news immediately if the situation requires it and customise your trading schedule.
Margin : In case of 1:100 leverage you need to support a deposit of 1,000 US dollars to make a deal with $100,000. Such high leverage combined with rapid rate fluctuations can make this market profitable but at the same time risky.
Less Charges : Traditionally there are no commissions or charges on Forex, except for the spread.
Unlike other financial markets Forex has no physical location, like stock exchanges, for example. It operates through the electronic network of banks, computer terminals or via telephone. The lack of physical exchange enables Forex to operate on a 24-hour basis, spanning from one time zone to another across the major financial centres (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York etc). In every financial centre there are many dealers, who buy and sell currencies 24 hours a day during the whole business week. Trading begins in the Far East, New Zealand (Wellington), then Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Maine, London and ends in New York and Los Angeles. Below there are approximate trading hours for regional markets (London time)
Japan : 0.0 to 6.30
Continental Europe : 6.30 to 13.00
Great Britain : 8.30 to 15.30
Usa : 14.30 to 21.30
Every currency is traded in pairs and each is assigned with an abbreviation. Mentioned below are some of them.
EUR - Euro
USD - U S Dollar
GBP - British Pound
JPY - Japanese Yen
CHF - Swiss Franc
AUD - Australian Dollar
CAD - Canadian Dollar
NZD - New Zealand Dollar
SGD - Singapore Dollar
(Forex) Foreign Exchange Market is the place where the currency of any country is exchanged for that of another at a mutually agreed rate. It came in existence about 35 years back when international trade transitioned from Fixed to Floating Exchange Rates, and nowadays it is considered to be the largest Financial Market in the world because of its tremendous turnovers and everyday increasing traders. Forex trading is just like trading in any other commodity and needs the skill to earn fortunes together with Constant Market Study.
How it Works
The basis of ALL search engine rankings is keywords. Users enter keyphrases in Search Engines to get information they need, It is VERY important that you optimize for such keyphrases.
This tools tries to determine the theme of your website and provides keyword suggestions along with keyword traffic estimates.
How it Works
The basis of ALL search engine rankings is keywords. Users enter keyphrases in Search Engines to get information they need, It is VERY important that you optimize for such keyphrases.
This tool provides you keyword suggestions and reports on their monthly search estimates.
This tools has been build using the WordTracker Database.
How it Works
This tools displays the approximate age of a website on the Internet and allows you to view how the website looked when it first started.
It also helps you find out the age of your competitor's domains, older domains may get a slight edge in Search Engine Rankings.
This tools has been build using Archive's Wayback Machine.
One of the many factors in Google's search engine algorithm is the age of a domain name. In a small way, the age of a domain gives the appearance of longevity and therefore a higher relevancy score in Google.
Driven by spam sites which pop up and die off quickly, the age of the domain is usually a sign whether or not a site is yesterday's news or tomorrow's popular site. We see this in the world of business, for example. While the novelty that may go with a new store in town brings a short burst of initial business, people tend to trust a business that has been around for a long time over one that is brand new. The same is true for websites. Or, as Rob from BlackwoodProductions.com says, "Rent the store (i.e. register the domain) before you open for business".
Two things that are considered in the age of a domain name are:
* The age of the website
* The length of time a domain has been registered
The age of the website is built up of how long the content has been actually on the web, how long the site has been in promotion, and even the last time content was updated. The length of time a domain has been registered is measured by not only the actual date the domain was registered, but also how long it is registered for. Some domains only register for a year at a time, while others are registered for two, five, or even ten years.
In the latest Google update that SEOs call the Jagger Update, some of the big changes seen were the importance given to age; age of incoming links, age of web content, and the date the domain was registered. There were many things, in reality, that were changed in this last update, but since we're talking about the age of a domain, we'll only deal with those issues specifically. We'll talk more in other articles about other factors you will want to be aware of that Google changed in their evaluation criteria of websites on the Internet.
One of the ways Google uses to minimize search engine spam is by giving new websites a waiting period of three to four months before giving it any kind of PageRank. This is referred to as the "sandbox effect". It's called the "sandbox effect" because it has been said that Google wants to see if those sites are serious about staying around on the web. The sandbox analogy comes from the concept that Google does this by throwing all of the new sites into a sandbox and let them play together, away from all the adults. Then, when those new sites "grow up", so to speak, then they are allowed to be categorized with the "adults", or the websites that aren't considered new.
What does this mean to you? For those of you with new websites, you may be disappointed in this news, but don't worry. There are some things you can do while waiting for the sandbox period to expire, such as concentrating on your backlink strategies, promoting your site through Pay-per-click, articles, RSS feeds, or in other ways. Many times, if you spend this sandbox period wisely, you'll be ready for Google when it does finally assign you a PageRank, and you could find yourself starting out with a great PageRank!
Even though the domain's age is a factor, critics believe it only gets a little weight in the algorithm. Since the age of your domain is something you have no control over, it doesn't necessarily mean that your site isn't going to rank well in the Search Engine Results Pages (SERPs). It does mean, however, that you will have to work harder in order to build up your site popularity and concentrate on factors that you can control, link inbound links and the type of content you present on your website.
So what happens if you change your domain name? Does this mean you're going to get a low grade with a search engine if you have a new site? No, not necessarily. There are a few things you can do to help ensure that your site won't get lost in the SERPs because of the age of the domain.
1. Make sure you register your domain name for the longest amount of time possible. Many registrars allow you to register a domain name for as long as five years, and some even longer. Registering your domain for a longer period of time gives an indication that your site intends to be around for a long time, and isn't going to just disappear after a few months. This will help boost your score with regards to your domain's age.
2. Consider registering a domain name even before you are sure you're going to need it. We see many domains out there that even while they are registered; they don't have a website to go with it. This could mean that the site is in development, or simply someone saw the use of that particular domain name, and wanted to snatch it up before someone else did. There doesn't seem to be any problems with this method so far, so it certainly can't hurt you to buy a domain name you think could be catchy, even if you end up just selling it later on.
3. Think about purchasing a domain name that was already pre-owned. Not only will this allow you to avoid the "sandbox effect" of a new website in Google, but it also allows you to keep whatever PageRank may have already been attributed to the domain. Be aware that most pre-owned domains with PageRank aren't as cheaply had as a new domain, but it might be well worth it to you to invest a bit more money right at the start.
4. Keep track of your domain's age. One of the ways you can determine the age of a domain is with this handy Domain Age Tool. What it does is allows you to view the approximate age of a website on the Internet, which can be very helpful in determining what kind of edge your competitors might have over you, and even what a site might have looked like when it first started.
To use it, simply type in the URL of your domain and the URLs of your competitors, and click submit. This will give you the age of the domains and other interesting information, like anything that had been cached from the site initially. This could be especially helpful if you are purchasing a pre-owned domain.
Because trustworthy sites are going to have to be the wave of the future, factoring in the age of a domain is a good idea. Even though a site that may have been around for years may suddenly go belly-up, or the next big eBay or Yahoo! just might be getting it start, it may not be a full measure of how trustworthy a site is or will be. This is why there are many other factors that weigh into a search engine's algorithm and not just a single factor alone. What we do know is that we've seen age becoming of more importance that it had been previously, there are only good things to be said about having a site that's been around for a while.
Copyright 2005-2006 webconfs.com
How it Works
This tool helps you get all kind of statistics of your competitor's domains.
The statistics include Alexa Taffic Rank, Age of the domains, Yahoo WebRank, Dmoz listings, count of backlinks and number of pages indexed in Search Engines like Google, Yahoo, Msn etc.
It will probably help you figure out why some of your competitors are ranking better than you.
Importance of Backlinks
This article will explain to you what a backlink is, why they are important, and what you can do to help gain them while avoiding getting into trouble with the Search Engines.
If you've read anything about or studied Search Engine Optimization, you've come across the term "backlink" at least once. For those of you new to SEO, you may be wondering what a backlink is, and why they are important. Backlinks have become so important to the scope of Search Engine Optimization, that they have become some of the main building blocks to good SEO. In this article, we will explain to you what a backlink is, why they are important, and what you can do to help gain them while avoiding getting into trouble with the Search Engines.
What are "backlinks"? Backlinks are links that are directed towards your website. Also knows as Inbound links (IBL's). The number of backlinks is an indication of the popularity or importance of that website. Backlinks are important for SEO because some search engines, especially Google, will give more credit to websites that have a good number of quality backlinks, and consider those websites more relevant than others in their results pages for a search query.
When search engines calculate the relevance of a site to a keyword, they consider the number of QUALITY inbound links to that site. So we should not be satisfied with merely getting inbound links, it is the quality of the inbound link that matters.
A search engine considers the content of the sites to determine the QUALITY of a link. When inbound links to your site come from other sites, and those sites have content related to your site, these inbound links are considered more relevant to your site. If inbound links are found on sites with unrelated content, they are considered less relevant. The higher the relevance of inbound links, the greater their quality.
For example, if a webmaster has a website about how to rescue orphaned kittens, and received a backlink from another website about kittens, then that would be more relevant in a search engine's assessment than say a link from a site about car racing. The more relevant the site is that is linking back to your website, the better the quality of the backlink.
Search engines want websites to have a level playing field, and look for natural links built slowly over time. While it is fairly easy to manipulate links on a web page to try to achieve a higher ranking, it is a lot harder to influence a search engine with external backlinks from other websites. This is also a reason why backlinks factor in so highly into a search engine's algorithm. Lately, however, a search engine's criteria for quality inbound links has gotten even tougher, thanks to unscrupulous webmasters trying to achieve these inbound links by deceptive or sneaky techniques, such as with hidden links, or automatically generated pages whose sole purpose is to provide inbound links to websites. These pages are called link farms, and they are not only disregarded by search engines, but linking to a link farm could get your site banned entirely.
Another reason to achieve quality backlinks is to entice visitors to come to your website. You can't build a website, and then expect that people will find your website without pointing the way. You will probably have to get the word out there about your site. One way webmasters got the word out used to be through reciprocal linking. Let's talk about reciprocal linking for a moment.
There is much discussion in these last few months about reciprocal linking. In the last Google update, reciprocal links were one of the targets of the search engine's latest filter. Many webmasters had agreed upon reciprocal link exchanges, in order to boost their site's rankings with the sheer number of inbound links. In a link exchange, one webmaster places a link on his website that points to another webmasters website, and vice versa. Many of these links were simply not relevant, and were just discounted. So while the irrelevant inbound link was ignored, the outbound links still got counted, diluting the relevancy score of many websites. This caused a great many websites to drop off the Google map.
We must be careful with our reciprocal links. There is a Google patent in the works that will deal with not only the popularity of the sites being linked to, but also how trustworthy a site is that you link to from your own website. This will mean that you could get into trouble with the search engine just for linking to a bad apple. We could begin preparing for this future change in the search engine algorithm by being choosier with which we exchange links right now. By choosing only relevant sites to link with, and sites that don't have tons of outbound links on a page, or sites that don't practice black-hat SEO techniques, we will have a better chance that our reciprocal links won't be discounted.
Many webmasters have more than one website. Sometimes these websites are related, sometimes they are not. You have to also be careful about interlinking multiple websites on the same IP. If you own seven related websites, then a link to each of those websites on a page could hurt you, as it may look like to a search engine that you are trying to do something fishy. Many webmasters have tried to manipulate backlinks in this way; and too many links to sites with the same IP address is referred to as backlink bombing.
One thing is certain: interlinking sites doesn't help you from a search engine standpoint. The only reason you may want to interlink your sites in the first place might be to provide your visitors with extra resources to visit. In this case, it would probably be okay to provide visitors with a link to another of your websites, but try to keep many instances of linking to the same IP address to a bare minimum. One or two links on a page here and there probably won't hurt you.
There are a few things to consider when beginning your backlink building campaign. It is helpful to keep track of your backlinks, to know which sites are linking back to you, and how the anchor text of the backlink incorporates keywords relating to your site. A tool to help you keep track of your backlinks is the Domain Stats Tool. This tool displays the backlinks of a domain in Google, Yahoo, and MSN. It will also tell you a few other details about your website, like your listings in the Open Directory, or DMOZ, from which Google regards backlinks highly important; Alexa traffic rank, and how many pages from your site that have been indexed, to name just a few.
Another tool to help you with your link building campaign is the Backlink Builder Tool. It is not enough just to have a large number of inbound links pointing to your site. Rather, you need to have a large number of QUALITY inbound links. This tool searches for websites that have a related theme to your website which are likely to add your link to their website. You specify a particular keyword or keyword phrase, and then the tool seeks out related sites for you. This helps to simplify your backlink building efforts by helping you create quality, relevant backlinks to your site, and making the job easier in the process.
There is another way to gain quality backlinks to your site, in addition to related site themes: anchor text. When a link incorporates a keyword into the text of the hyperlink, we call this quality anchor text. A link's anchor text may be one of the under-estimated resources a webmaster has. Instead of using words like "click here" which probably won't relate in any way to your website, using the words "Please visit our tips page for how to nurse an orphaned kitten" is a far better way to utilize a hyperlink. A good tool for helping you find your backlinks and what text is being used to link to your site is the Backlink Anchor Text Analysis Tool. If you find that your site is being linked to from another website, but the anchor text is not being utilized properly, you should request that the website change the anchor text to something incorporating relevant keywords. This will also help boost your quality backlinks score.
Building quality backlinks is extremely important to Search Engine Optimization, and because of their importance, it should be very high on your priority list in your SEO efforts. We hope you have a better understanding of why you need good quality inbound links to your site, and have a handle on a few helpful tools to gain those links. (Copyright 2005-2006 webconfs.com)
How it Works
Find out the Yahoo WebRank of your and your competitors websites.
Yahoo WebRank is basically a rank assigned to a URL by Yahoo on a scale of 0-10. It was introduced a couple of months ago as a Beta feature of the Yahoo toolbar, since it was an experimental feature it is no longer available as a part of their toolbar.
You can just search for "Yahoo WebRank" in your favorite SearchEngine to know more about it.
This tool help you evaluate the importance of a URL as perceived by Yahoo.
How it Works
This tool allows you to preview Infolinks Ads on your website. Infolinks is considered as one of the good alternatives to google adsense.
How it Works
A lot of us lose out on valuable search engine traffic due to incorrectly configuring our redirects.
It is very import that when a search engine comes to crawl your website it is able to follow any redirects you have set up.
Suppose you have a website http://www.foo.com and you create a redirect such that whenever any visitor types in the URL http://www.foo.com he is automatically redirected to http://www.foo.com/widgets/, If the Search Engine is not able to follow the redirect it would think that http://www.foo.com has NO contents, http://www.foo.com would end up ranking very badly in search engines.
This tools help you determine if the redirect you have created is Search Engine Friendly.
How to Redirect Article for information on how to create Search Engine Friendly redirects.
Keyword Cloud
forex information skip main sidebar foreign exchange market biggest liquid financial daily volume trillion trading involves buying selling world currencies profit rates difference yield high profits risky participate brokers source news powered forextvcom video player sunday january seo tool backlink summary works give competitors backlinks importance article explain important gain avoiding trouble search engines domain note results vary prefixed www posted sara comments builder building quality factors engine optimization lot quantity rank considered theme backlinking website links keyword keyphrase optimize tools searches websites keyphrases add link site url submit potential enter anchor text analyzer determine wesbite analysis older posts subscribe atom latest tv widget great free widgets widgetbox info analyst commentary box flag counter calendar forextv insider vision tim kelly adsense followers web download hit google translater blog archive spider simulator similar page checker currency codes vertical design weekly outlook easy forexcom economic widgipedia professional metatrader hosting started zulutrade tips robot loss review fapturbo pairs vps overview reasons traders lose order megadroid open fxcm system selector account mt robots work december cocc registration dns products services education resources beginners charts top paying goog searched term keywords legal highest niche names medical related software telecom automobile electronics dating real estate insurance keywor paid october september conversation bar fx
Keyword Density
Keyword Count Density
forex 44 8.49%
backlink 15 2.9%
backlinks 13 2.51%
keywords 12 2.32%
paying 11 2.12%
widget 11 2.12%
search 9 1.74%
seo 8 1.54%
free 8 1.54%
quality 7 1.35%
website 7 1.35%
tool 7 1.35%
market 6 1.16%
important 5 0.97%
great 5 0.97%
engines 5 0.97%
widgets 5 0.97%
widgetbox 5 0.97%
info 5 0.97%
hosting 5 0.97%
robot 5 0.97%
top 5 0.97%
tools 5 0.97%
add 5 0.97%
trading 4 0.77%
theme 4 0.77%
article 4 0.77%
keyword 4 0.77%
news 4 0.77%
video 4 0.77%
text 4 0.77%
summary 4 0.77%
domain 4 0.77%
highest 4 0.77%
link 3 0.58%
url 3 0.58%
anchor 3 0.58%
explain 3 0.58%
tv 3 0.58%
results 3 0.58%
posted 3 0.58%
sara 3 0.58%
comments 3 0.58%
builder 3 0.58%
high 3 0.58%
counter 3 0.58%
calendar 3 0.58%
adsense 3 0.58%
engine 3 0.58%
gain 3 0.58%
vps 3 0.58%
order 3 0.58%
avoiding 3 0.58%
trouble 3 0.58%
importance 3 0.58%
works 3 0.58%
niche 3 0.58%
related 3 0.58%
note 2 0.39%
information 2 0.39%
vary 2 0.39%
prefixed 2 0.39%
www 2 0.39%
analyzer 2 0.39%
posts 2 0.39%
latest 2 0.39%
powered 2 0.39%
forextvcom 2 0.39%
financial 2 0.39%
player 2 0.39%
january 2 0.39%
factors 2 0.39%
daily 2 0.39%
analyst 2 0.39%
commentary 2 0.39%
optimization 2 0.39%
lot 2 0.39%
forextv 2 0.39%
vision 2 0.39%
quantity 2 0.39%
google 2 0.39%
currency 2 0.39%
outlook 2 0.39%
easy 2 0.39%
forexcom 2 0.39%
professional 2 0.39%
rank 2 0.39%
considered 2 0.39%
review 2 0.39%
fapturbo 2 0.39%
skip 2 0.39%
backlinking 2 0.39%
open 2 0.39%
fxcm 2 0.39%
account 2 0.39%
buying 2 0.39%
links 2 0.39%
exchange 2 0.39%
keyphrase 2 0.39%
optimize 2 0.39%
brokers 2 0.39%
bar 2 0.39%
competitors 1 0.19%
difference 1 0.19%
yield 1 0.19%
liquid 1 0.19%
profits 1 0.19%
risky 1 0.19%
participate 1 0.19%
foreign 1 0.19%
source 1 0.19%
box 1 0.19%
flag 1 0.19%
main 1 0.19%
volume 1 0.19%
trillion 1 0.19%
insider 1 0.19%
sidebar 1 0.19%
tim 1 0.19%
kelly 1 0.19%
involves 1 0.19%
followers 1 0.19%
web 1 0.19%
download 1 0.19%
hit 1 0.19%
sunday 1 0.19%
translater 1 0.19%
blog 1 0.19%
archive 1 0.19%
spider 1 0.19%
simulator 1 0.19%
similar 1 0.19%
page 1 0.19%
checker 1 0.19%
searches 1 0.19%
codes 1 0.19%
vertical 1 0.19%
design 1 0.19%
weekly 1 0.19%
websites 1 0.19%
keyphrases 1 0.19%
biggest 1 0.19%
economic 1 0.19%
widgipedia 1 0.19%
selling 1 0.19%
metatrader 1 0.19%
site 1 0.19%
started 1 0.19%
zulutrade 1 0.19%
tips 1 0.19%
world 1 0.19%
loss 1 0.19%
submit 1 0.19%
potential 1 0.19%
pairs 1 0.19%
enter 1 0.19%
overview 1 0.19%
reasons 1 0.19%
traders 1 0.19%
lose 1 0.19%
currencies 1 0.19%
megadroid 1 0.19%
profit 1 0.19%
rates 1 0.19%
system 1 0.19%
selector 1 0.19%
determine 1 0.19%
mt 1 0.19%
robots 1 0.19%
work 1 0.19%
december 1 0.19%
cocc 1 0.19%
registration 1 0.19%
dns 1 0.19%
products 1 0.19%
services 1 0.19%
education 1 0.19%
resources 1 0.19%
beginners 1 0.19%
charts 1 0.19%
wesbite 1 0.19%
analysis 1 0.19%
goog 1 0.19%
searched 1 0.19%
term 1 0.19%
older 1 0.19%
legal 1 0.19%
building 1 0.19%
subscribe 1 0.19%
names 1 0.19%
medical 1 0.19%
atom 1 0.19%
software 1 0.19%
telecom 1 0.19%
automobile 1 0.19%
electronics 1 0.19%
dating 1 0.19%
real 1 0.19%
estate 1 0.19%
insurance 1 0.19%
keywor 1 0.19%
paid 1 0.19%
october 1 0.19%
september 1 0.19%
conversation 1 0.19%
give 1 0.19%
fx 1 0.19%
How it Works
Keyword Cloud is a visual depiction of keywords used on a website, keywords having higer density are depicted in a larger fonts.
Ideally your main keywords should appear in larger fonts at the start of the cloud.
Keyword Density is the percentage of occurrence of your keywords to the text in the rest of your webpage.
It is important for your main keywords to have the correct keyword density to rank well in Search Engines.
This tool will crawl the given URL, extract text as a search engine would, remove common stop words and Analyze the density of the keywords.
How to Avoid SEO over-optimization
This article shows how to avoid SEO over-optimization (and black hat SEO tricks) because intentional or unintentional over-optimization might turn into a real nightmare in terms of search engine ranking or it can even lead to temporary or permanent ban from search engines.
How it Works
This tool will give you a summary of your competitors backlinks.
Importance of Backlinks
This article will explain to you what a backlink is, why they are important, and what you can do to help gain them while avoiding getting into trouble with the Search Engines.
How it Works
Building Quality backlinks is one of the most important factors in Search Engine Optimization.
It is not enough just to have a lot of backlinks, it is the Quality of backlinks along with the Quantity that help you rank better in Search Engines.
A backlink could be considered as a Quality Backlink if
1. The Theme of the backlinking website is the same as your website.
2. It links to your website with the keyword (keyphrase) that you are trying to optimize for.
This tools searches for websites of the theme you specify that contain keyphrases like "Add link", "Add site", "Add URL", "Add URL", "Submit URL", "Add Article" etc. Most of the results could be quality potential backlinks.
Importance of Backlinks
This article will explain to you what a backlink is, why they are important, and what you can do to help gain them while avoiding getting into trouble with the Search Engines.
How it Works
Quality backlinks is one of the most important factors in Search Engine Optimization.
It is not enough just to have a lot of backlinks, it is the Quality of backlinks along with the Quantity that help you rank better in Search Engines.
A backlink could be considered as a Quality Backlink if
1. It links to your website with the keyword (keyphrase) that you are trying to optimize for.
2. The Theme of the backlinking website is the same as your website.
This tools help you determine the backlinks of your website and link text used by your backlinks to Link to your wesbite.
Importance of Backlinks
This article will explain to you what a backlink is, why they are important, and what you can do to help gain them while avoiding getting into trouble with the Search Engines.
How it Works
A lot of Content and Links displayed on a webpage may not actually be visible to the Search Engines, eg. Flash based content, content generated through javascript, content displayed as images etc.
This tool Simulates a Search Engine by displaying the contents of a webpage exactly how a Search Engine would see it.
It also displays the hyperlinks that will be followed (crawled) by a Search Engine when it visits the particular webpage.
See Your Site With the Eyes of a Spider
The article explains how Search Engines view a Webpage.
How it Works
Search Engines are known to act upon websites that contain Duplicate / Similar content.
Your content could be similar to other websites on the Internet, or pages from within your own website could be similar to each other (usually the case with dynamic product catalog pages).
This tool allows you to determine the percentage of similarity between two pages.
The exact percentage of similarity after with a search engine may penalize you is not known, it varies from search engine to search engine, Your aim should be to keep your page similarity as LOW as possible.
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Forex News Powered by ForexTV.com
US Jobs Data to test USD strength into the New Year
Last week’s currency trading review
The Dollar was able to gain against its two biggest partners in the Euro and the Yen with US economic data continuing to show improvement. December Chicago PMI jumped to 60 vs. 56.1 previously. Also promising was the Weekly Jobless claims at 432k vs. 460k forecast. The link between a strong USD and strong US economic data is growing of late overtaking the stock-market as the main driver of direction. The Euro although the market was quite contained in holiday trade the Euro failed to break above 1.4440 on a few occasions and the pair slipped back to the lower end on the range by the weeks end. EUR/JPY was able to show some small gains but EUR/GBP and EUR/GBP were quite weak. Little Economic data was released but German December CPI did beat forecasts at 0.7% vs. -0.1% previously. The EUR/USD fell -0.38% closing at 1.4323, after opening the week at 1.4378.
The Japanese Yen losses accelerated across the board with the NZD/JPY up over +4% and AUD/JPY +3%. Risk appetite is now being expressed via the Yen crosses and the USD/JPY is a on a major move higher up from Y85 lows in November. November Industrial Production gained 2.6% vs. 0.5% previously m/m. The USD/JPY gained +1.59% closing at 93.01 after opening the week at 91.53. The GBP rebounded well against all except the risk currencies with sentiment improving and as technical buy signals emerged. The Pound has been under performing for most of the year and prone to these unexpected bouts of strength. December Nationwide House Prices showed a 0.4% rise as expected. GBP/USD gained +1.24% closing at 1.6124 after opening at 1.5963. The AUD rebounded well as the stable and quiet market conditions favored the high yielding pair. The AUD/JPY carry trade showed glimpses of the past and provided the support for the Aussie to gain against all the major currencies except the NZD. The AUD/USD gained +1.64% closing at 0.8973 after opening at 0.8826.
The forex trading week preview
In the States; On Monday, December ISM Manufacturing is forecast at 54 vs. 53.6 previously. On Tuesday, November Pending Home Sales forecast at -3.1% vs. -3.7% previously. On Wednesday, December ADP Employment Change Forecast at -75k vs. -169k previously. Also released, December FOMC minutes. On Thursday, Weekly Jobless claims are forecast at 449k vs. 432k previously. On Friday, December NonFarm Payrolls forecast at -3k vs. -11k previously. December Unemployment Rate forecast unchanged at 10.0%. We will provide our previews and reviews of these data releases in the daily summary.
In the Eurozone; On Tuesday, December German Unemployment Change forecast at 5k vs. -7k previously. December German Unemployment Rate forecast at 8.1%. Also on Tuesday, December CPI forecast at 0.9% y/y vs. 0.6% y/y previously. On Friday, Q3 GDP forecast at 0.4%. Finally on Friday, November German Industrial Production is forecast at 1.0% vs. -1.8% previously. In the UK; On Monday, December PMI forecast at 52 vs. 51.8 previously. On Wednesday, December PMI services forecast at 56.9 vs. 56.6 previously. On Thursday, BOE rate announcement forecast to remain at 0.5% with the Asset Purchase Program remaining at 200B. We will provide our previews and reviews of these data releases in the daily summary.
In Japan; no major data release this week. In Australia; On Wednesday, November Building Approvals previously at -0.6%. On Thursday, November Trade Balance previously at -2379m. Also released, November Retail Sales previously at 0.3%. We will provide our previews and reviews of these data releases in the daily summary.
TECHNICAL COMMENTARY 
Euro – 1.4330
Initial support at 1.4273 (Dec 30 low) followed by 1.4234 (Dec 24 low). Initial resistance is now located at 1.4458 (Dec 29 high) followed by 1.4481 (Oct 2 former low)
Yen – 92.80
Initial support is located at 91.41 (Dec 28 low) followed by 91.00 (Dec 22 low). Initial resistance is now at 92.3.13 (Dec 31 high) followed by 93.30 (Sept 7 High).
Pound – 1.6150
Initial support at 1.5833 (Dec 30 low) followed by 1.5708 (Oct 13 low). Initial resistance is now at 1.6236 (Dec 31 high) followed by 1.6248 (Dec 18 high).
Australian Dollar – 0.8990
Initial support at 0.8902 (Dec 30 low) followed by the 0.8857 (Dec 25 low). Initial resistance is now at 0.9011 (Dec 17 high) followed by 0.9070 (Dec 16 high).
Gold – 1097
Initial support at 1086 (Dec 30 low) followed by 1086 (Dec 22 low). Initial resistance is now at 1108 (Dec 29 high) followed by 1114 (Dec 28 high).
Oil – 79.70
Initial support at 79.10 (Intraday support) followed by 78.00 (Intraday support). Initial resistance is now at 80.00 (Key Psychological Level) followed by 82.00 (November High).
US Pending Homes Sales Slump
CURRENCY TRADING SUMMARY – 6th January (00:30GMT)
U.S. Dollar Trading (USD) was stronger against almost all currencies except the Yen as weak housing data tempered the risk appetite of the market. November Pending Home Sales -16% vs. -2% m/m forecast. November Factory Orders at 1.1% vs. 0.5% forecast. DJIA -11 points closing at 10572, S&P +3 points closing at 1136 and NASDAQ +0.3 points closing at 2308. Looking ahead, December ADP Employment forecast at -73k vs. -169k previously. December ISM Non Manufacturing forecast at 50.5 vs. 38.7 previously. December FOMC minutes released.
The Euro (EUR) made fresh multi-week highs above resistance at 1.4450 before running out of steam once again in the US session. German Unemployment Change was -3k vs. 5k forecast and the Unemployment Rate remained at 8.1%. Overall the EUR/USD traded with a low of 1.4344 and a high of 1.4486 before closing at 1.4360. Looking ahead, December PMI services are forecast at 53.7 vs. 53 previously. November PPI forecast at 0.2% m/m.
The Japanese Yen (JPY) had a strong day across the board as the USD/JPY tested the downside after a strong rally over the previous two weeks. A drop in US bond Yields and the resignation of the Finance Minister Fujii due to bad health were the main stories of the day. Overall the USDJPY traded with a low of 91.24 and a high of 92.54 before closing the day around 91.70 in the New York session.
The Sterling (GBP) fell aggressively as the market focused on the UK debt outlook in 2010 and possibility of rating downgrades. EUR/GBP traded briefly above 0.9000 and GBP/AUD briefly below 1.7500 both key levels. On the Cable the 1.6000 provided some minor support but the bounce was limited and the pair remained under pressure. Overall the GBP/USD traded with a low of 1.5964 and a high of 1.6156 before closing the day at 1.6005 in the New York session. Looking ahead, December PMI Services forecast at 56.6 vs. 56.6 previously.
The Australian Dollar (AUD) made small fresh 2010 highs at 0.9176 before falling back with the rest of the market in the US session. AUD/JPY profit taking was the main culprit as the pair slipped form 84.50 to 83.40. Overall the AUD/USD traded with a low of 0.9091 and a high of 0.9176 before closing the US session at 0.9120. UPDATE November Building Permits +5.9% vs. +3% previously.
Oil & Gold (XAU) remained well supported on dips but struggled to push higher. Overall trading with a low of USD$1115 and high of USD$1129 before ending the New York session at USD$1118 an ounce. Cold Global Weather helped Oil remain on a bullish footing. Crude Oil was up $0.26 ending the New York session at $81.77.
Euro – 1.4350
Initial support at 1.4258 (Jan 4 low) followed by 1.4218 (Dec 22 low). Initial resistance is now located at 1.4591 (Dec 16 high) followed by 1.4685 (Dec 14 low)
Yen – 91.60
Initial support is located at 91.26 (Jan 5 low) followed by 91.00 (Dec 22 low). Initial resistance is now at 93.22 (Jan 4 high) followed by 93.3 (Dec 18 High).
Pound – 1.5970
Initial support at 1.5966 (Jan 5 low) followed by 1.5833 (Dec 30 low). Initial resistance is now at 1.6241 (Jan 4 high) followed by 1.6248 (Dec 18 high).
Australian Dollar – 0.9120
Initial support at 0.8939 (Jan 4 low) followed by the 0.8902 (Dec 30 low). Initial resistance is now at 0.9195 (Dec 11 high) followed by 0.9323 (Dec 3 high).
Gold – 1120
Initial support at 1093 (Jan 4 low) followed by 1086 (Dec 30 low). Initial resistance is now at 1141 (Dec 17 high) followed by 1147 (Dec 9 high).
Oil – 81.50
Initial support at 80 (Major level) followed by 79.10 (Intraday Support). Initial resistance is now at 82.00 (November 2009 High) followed by 85 (Major level).
A major aspect of forex trading is following the global economic news that are released on a daily basis and affect the forex market. FX-BAR partnered with eToro to provide you with a real time forex economic calendar.
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How to Get Started Trading Forex Using Zulutrade
If you are new to trading forex and don’t want to bother with knowing how to use robots and hosting etc. then there is an alternative that you may like. This company offers a free service that automatically places forex trades for you by various forex providers or systems.
I use robots and find that it takes quite a bit of work, knowledge, experience and patience to keep renewing outdated robots, making sure that my VPS is up and running and not running out of resources etc. It is because of those reasons that you will want to use Zulutrade as part of your trading tool belt or portfolio. You too will really like Zulutrade and find it to be profitable and fun.
Here is my new video showing you how to get started trading forex using Zulutrade and suggested settings. To sign up for a free demo or live account at Zulutrade, please visit http://ZulutradeSignup.com.
http://www.youtube.com/watch?v=_ORIbQq96Ek&feature=player_embedded
However if you still want to trade using robots as part of your trading tool belt, then you may get more information on robots being tested in live accounts by visiting http://WealthSecrets.com.
Feel free to email me at mike@ZulutradeResults.com to collaborate and share information with each other so we can both be more profitable at forex trading.
Thanks for watching my video. Please feel free to comment if you would like.
If you are considering purchasing a Forex trading system in the near future below are a few aspects you might want to take into account when making your final decision. There are presently a multitude of currency trading systems on the market and there are more being introduced on almost a daily basis. When examining these forex software trading systems you will be overwhelmed with marketing material making your final choice confusing.
My Amazing Forex Robot
After numerous tests we have not found an automated forex software trading system that is able to produce consistent profits for extended periods. That does not mean those systems should not be considered. Even the best systems experience drawdown or some negative trades. What you want is for a system to produce consistently more winning trades than losing trades. That’s what is important for profitable long term investing.
What these systems do exceptionally well is gather data, determine what information is significant and send a signal based on its pre-programmed algorithm of what is important and what is not essential. One special note is that you should take your time to learn Forex trading from the basics to the advanced stages so these trading systems will be more of value to you.
COST:
This is totally not a consideration which should be used. Most of these products are priced in the same range and are very inexpensive to boot. With one single successful trade the cost of the systems is usually recouped.
LONGEVITY:
A very important aspect to think about is how long a product has been on the market. The longer the software has been on the market the more customers it has and the more feedback the developers have received. More than likely these systems have gone through numerous updates, refinements and upgrades. Even Microsoft which spends billions on software development always has issues when a new product is first introduced and the bugs are worked out in latter versions.
FREE UPDATES:
This is a controversial issue. Most of the systems offer free updates. I would prefer that charged a nominal fee for these as it would increase their cash flow and provide them funds to continue to make the products better.
SYSTEM CATEGORY:
Essentially Forex trading systems fall into three distinct categories. They are trend, signal and formula based software. Make sure you aware of exactly what your favorite trading method will be when examining the different types of product.
Regardless of what top forex trading system you purchase, you can be sure that is has be tried, tested, updated and upgraded and you will be getting a pretty good product. Be sure to understand that these systems can make you huge amounts of money if you know what you’re doing. While you are making money with them, you should take the time to learn currency trading online so that you will be a profitable trader.
To order the robot I use, please visit My Amazing Forex Robot
Remember to contact me after you buy the robot to get the settings I am using. Email me at mike@AmazingForexRobot.com
In this review I hope to draw your attention to the power of this robot through an educational process of explaining some fundamental and advanced methods of trading the foreign exchange markets in particular…
So let’s begin….
I’m sure you have heard the old adage, “Don’t put all your eggs in the one basket…” Obviously, this means to diversify your investments. Well as much as this holds true in terms of diversifying the investment vehicles you choose to grow your wealth, such as real estate, index funds, blue chip shares and so on, and so it is true within each of these areas.
For example to diversify within real estate you may invest in some high end apartments in inner city or tourist destinations; a plethora of 3 bedroom brick veneer homes on 1/4 acre blocks and so on. The same goes for your share portfolio, you would pick a mining company, a communications company and well you catch my drift.
Well the beauty of this robot is that it has been developed and optimized to trade ANY currency pair! Not to mention, spot trading gold, silver, commodities, or any other “symbol” for that matter – in fact we have a little inside joke that it will “trade anything that moves”…. Although we’re not joking when we say it does it with 100% accuracy!
But this is just the beginning; the way we take advantage of this is you can trade with an unlimited amount of currencies, or a combination of currencies and any other “symbols”, at the same time. Although for money management reasons we generally just stick with 10 pairs. Then we allocate 1% of our equity per pair for a total of 10% spread evenly. I guess you could look at it as double the diversity;)
By trading many different “symbols” you are never tied up, meaning even if you have a few open trades taking a while to close out in profit, you are still making money with the others, as apposed to most robots out there only capable of trading one or at best a few currency pairs. So not only do we have the ability to choose from any “symbol”, but we are also spreading our trading risk over many currencies!
Moving along… The power of this robot lies in its ability to scan all 8 time frames in a nanosecond starting from the highest time frame, working down, finding counter trends – entering at precisely the right moment giving us the perfect opportunities to buy low and sell high!
We as humans could never analyze all time frames for even one currency pair in order to determine the best trading opportunities without some grueling time and effort spent, let alone for 10 or more currency pairs with consistent monitoring so that an opportunity is never lost!
To further explain the reason for finding counter trends is by observing another two sayings that you will have heard of, which state, “a rising tide will lift all boats” and “the trend is your friend”. What is meant by this is to always trade with the trend, not against it. So the theory goes, you scan each timeframe from the monthly down to the one minute, finding the countertrends in each timeframe that correlate with one another and then wait for the main trend to resume. Once this has been observed, you then enter your trade position to take advantage of the continuing trend.
So we are not trading the actual retracements or market corrections as is known as counter-trend trading; instead we are “getting in” the moment the main trend resumes, allowing us two things: one being the security of trading with the main trend and two, the lowest point at which to enter so we make the most profit from the trend continuation.
Remember, the robot does it all for you with such stunning accuracy, that it is a delight to watch it in action… No more guess work – this EA pin points the exact entry points based on this strategy amongst others as to when to get in and out of the market!
What we have accomplished here separates winning traders from losing ones. It is a fact that most all traders get into the market after they see the price moving the direction of the position they wish to trade. What invariable happens is they buy high and sell low. Since we are able to analyze everything that is going on instantly, our robot gets in before the majority of the market participants, meaning we are the first to buy low and sell high!
The main advantage of using multiple time frames is that you can see patterns develop sooner. A trend that appears on a weekly chart could have been seen first on the daily chart. The same logic follows for other chart formations. Similarly patterns, such as support and resistance, are the same within each time frame. When a support line appears at about the same level in hourly, daily, and weekly charts, it gains more importance.
As with any trader you need to know what strategies and tools will work best; say to “swing trade” in a ranging market; then have the ability to spot a strong trend emerging, adapting your strategies to now trade a trending market…
Well again, one key feature of this robot is its intelli-switch, which determines the settings to employ to optimally trade different market conditions. Using very specific, advanced algorithms to spot these changes in the market, it applies the appropriate strategies to draw maximum profits!
Just one of the methods it uses in doing these calculations is by observing the wick vs. body relationship to judge the changing in market sentiment or change in volatility; the higher the wick and shorter the body the more likely to see a change in direction of the market.
Lastly, one of the greatest things about this robot is that unlike most robots, if not all off them, all the settings are completely adjustable… Now that’s not to say that you must program all your settings before you get to use it, as it definitely comes ready to roll! But it does mean that when you become more comfortable with your robot, you can delve in deeper and tweak it to your liking…
You want larger or smaller take profits? Yep, just input the new pip amounts into the T/P sections… You want it to Hedge trades for more profits? Go for your life… Want to “Up the Ante” a little? Sure thing, adjust your money management settings and away you go!
I hope that this has raised your awareness to some things that make up a great trading methodology and also to shed some light on the genius that has gone into developing this Expert Advisor! So instead of bothering with the steep (and expensive) learning curve of manually trading, why not just “plug-it-in” and profit!
Anyone can use this robot to change their financial future for the better. So what are you waiting for? Hit the link below and check it out for yourself!!
Click here to order your Forex No Loss Robot
To Your Success.
Mike Torres
