Recent content by jeffsmith

Major Pairs Lack A Solid Direction During The Asian Session July 15th, 2009 Overall the major pairs traded practically flat during the Asian session, just below a number of significant price point. It is important to note that the major pairs failed to break these price points in the prior...

GBP/USD July 14th2009 Daily Pivots: (S1) 1.6092; (P) 1.6165; (R1) 1.6298; More GBP/USD's consolidation from 1.5983 is still in progress and further rise to above 1.6378 cannot be ruled out. But after all, upside is expected to be limited by 61.8% retracement of 1.6742 to 1.5983 at 1.6452 and...

July 15,09 Crude oil price climbs above 60-level as driven by stock market rallies in Asia and Europe. Stock markets stage strong advance after plummeting for several days as some green shoots emerged from emerging markets again. Upgrades in economic forecasts in Singapore spurred speculations...

Dear Jiggly I like your quotes very much In theory, there is no different between theory and practice, but in practice, there is. - someone What's the point in making money, if you are going to lose it. Dont over trade, trade only when the probability of success is greatly in your favour...

Hey Mercaforex thanx for the updates

GBP/USD July 8th2009 Daily Pivots: (S1) 1.6070; (P) 1.6182; (R1) 1.6249; More GBP/USD's fall resumes after brief recovery and dips to as low as 1.6046 so far today. The development so far is inline with the view that GBP/USD should have made an important top at 1.6742 with bearish divergence...

According to the latest forex updates, U.S. Markets are trading down by a little more than 1.5%, as investors wait for the earnings season to begin in full strangle mode. The first major company that is due to report its earnings over the second quarter on Wednesday, and market partakers wait...

USD/JPY -23.06.09 After holding in a tight range late Friday and Monday, the pair has now broken several significant short term support levels. Short term target for the move is 94.00, although a move to that level is very unlikely today. A move to 94.50, which is the next support level, is...

EUR/USD analysis EUR/USD-23.06.09 Support is established at 1.3830 and is also present at 1.3820 through 1.3800. This likely means the sideways swings will continue. Although minor trends within the broader range can still occur. A break below 1.3800 will likely test the recent lows in...

Technical Analysis and Fundamental Analysis both are equally important. Technical Analysis v. Fundamental Analysis Technical Analysis operates on the theory that market prices at any given point in time reflect all known factors affecting supply and demand for a particular market...

In Forex trading, technical analysis is the key. Therefore, an understanding of technical analysis is essential to trade currencies. Technical analysis is the study of past prices in an effort to "predict" or know with greater possibility where future prices may be. This is consummate through...

hello sam don't worry about that position. it happens with every new trader, and after spending some time in forex market you will learn these all things, continue trading, there are many interesting things if you really curious to forex trading. just gibe your some time...

hello There are many web sites for forex signal systems.The forex signal system is a set of analysis that a forex trader uses to determine whether to buy or sell a currency pair at any given time. Forex signal systems could be based on technical analysis charting tools or news-based events...

hellow If you are really a newbie, you have done a good job to join this forum. This is a good forum for newbie and experienced person also. Chika, if you’re a new to the forex (foreign exchange) market, you probably have a lot of questions. Making money in a...

Hello every newbies in forex market are making mistkes ,and most of mistakes are same for newbies.every new trader using mush margin f the biggest advantages of forex trading is the ability to use leverage or trading on margin. One of the most common mistakes that new forex...