Tuesday, August 4, 2009

Forex early warning

Thank you for visiting ForexEarlyWarning.com. Our mission is to provide you with high quality forex signals and forex trading plans twice daily when you log onto our web site. The spot forex trading market is a twenty four hour*, high liquidity market that provides the best opportunity for traders worldwide. Each forex trading plan is designed to put you into a swing trade or a longer term trade while trading with the trend. Even if you like forex day-trading you can use the FEW trading plans.Our forex trading alerts will contain complete and detailed trading plans, twice daily, at the low monthly price of $19.95! We believe that the low-cost quality forex trading-alert market is undeserved and we want to fill the void for anyone interested in retail foreign currency trading.The daily forecasts are buy/sell entry plans across 17 currency pairs issued twice daily. FEW trading plans can be used on a stand alone basis or along with our free forex trend indicators. These free FEW forex trend indicators can be installed on any forex charting system available from most brokers.Each trading plan from ForexEarlyWarning.com has a price alarm point to monitor each currency pair we are following. These daily forex trading signals, when combined with parallel/inverse analysis, and good money management, will provide pinpoint entries. The FEW forex trade signals and trading plan service is for the novice or professional currency trader who does not have time to do their own analysis or interested in following the forex trends with FEW.Sign up for the free thirty day trial. Then view the free FEW forex trading guide and listen to the free audio training sessions. Follow the FEW trading signals like an expert. Finally install the free FEW forex trend indicators and use the price alarms to assist with using the FEW forex trading plans . . . twice a day!The subscription price of $19.95 per month is very affordable and our forex trading plans can also be obtained free through special FEW brokerage partner rebates. Our daily forex forecast will warn you in advance of the existing and developing trends and potential movement cycles ahead of the major trading sessions. Our trading plans are issued four to twelve hours in advance of the major forex trading sessions.ForexEarlyWarning.com offers all this for free:30 day trial of ForexEarlyWarning trading alertsForex training informationForex trend indicatorsComplete forex audio training libraryWeekly live webinarsForex technical library on multiple timeframe analysisStart your free 30 day trial now or send us an email with your questions.* Standard forex market hours are Sunday 16:00EST to Friday 16:30EST. See broker web sites for individual broker trading hours as they may differ somewhat.

Things to Know When Trading News Reports

Now that we know “how” and “when” you can trade news reports, there are a few key concepts you should know before placing your first news trade.
While the actual news number or report is essential to the long-term movement of a currency pair, in the short-term the difference between the market expectations and the actual release is what causes potential breakout opportunities. This means economic numbers and reports that come out as the market expected generally do not cause a strong market reaction.
The quieter the market is before a news release, the more the market is poised for a significant move. Think about it: In a quiet market, less and less traders are buying and selling, possibly waiting for some sort of catalyst (like a news report maybe?). When this “catalyst” takes place, all of these traders waiting on the sidelines jump in at the same time causing a huge move in the market. So, the more traders wait (the quieter the market), the more will jump in after a news report (huge pips and a new Ferrari, right?).
Depending on the significance of the economic report, and the amount of deviation of the actual to the forecasted number, news breakout opportunities are generally short-lived and may last for only a few minutes or even a few seconds. Trading news releases may be better suited for scalpers and day traders.

Canadian Dollar Tumbles Again as Oil Slides



The loonie fell again today after having interrupted its rally versus the greenback on Tuesday due to a fall in crude oil rates, affecting directly the commodity-linked Canadian currency.



Dollar Rebounds Versus Euro on Reports Speculations



The dollar reverted its trend of already two weeks losing versus several main traded currencies, after speculations that this week’s reports will post rather pessimistic figures, raising attractiveness for the safety of the greenback.

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