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New Forex Trading System Gives Average Traders The Edge
from: Simon McKenzieMove over George Soros. Now the average investor can stake their claim in the global forex markets thanks to a new book from David C. Arena. 'My new forex trading system shows how to produce consistent monthly gains with low risk starting with just a modest sized account' says David.
Trading in foreign currency has become one of the most lucrative businesses in the world. The Forex market has become the world's largest financial market with over 1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24 hour Interbank market. The Interbank market moves from
major banking centers of the United States, Australia, New Zealand, the Far East and Europe.
Until recently, the average investor could not participate in the Forex market due to large minimum transaction sizes and stringent financial requirements. Banks, Hedge Funds and the occasional high net worth individual were the major participants. These large traders were able to take advantage of the many benefits offered by the Forex market vs other markets including incredible liquidity and the strong trending nature of the world's primary currency exchange rates.
'I have professionally traded stocks, options, futures and foreign currency for over 10 years.' says David 'Forex allows the most leverage (1% margin compared to 12-50% for stocks and futures) and has the most liquidity and volatility. Smaller transaction sizes and a lower minimum account balance levels the playing field between the individual speculator and the major players that once dominated the market. My book
reveals a simple forex trading system that is used by professional traders.' Learn more http://tinyurl.com/4wsgn
About the Author
Simon McKenzie is a freelance web designer and marketing consultant. http://tinyurl.com/4wsgn
Managed Forex News
Forex: EUR/JPY resumes its fall after brief recovery
FXstreet.com (Córdoba) - Even though the Nikkei is trading in the red today in Asia, the Euro common currency managed to move somewhat higher against the Yen at the beginning of the Tokyo session.
Read more...Forex: GBP/USD pressure to the downside
FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5348. Having tested 1.5295 intraday low, pair managed to bounce back up towards 1.5370 static resistance zone.
Read more...Your Source for Daily FOREX Market News and Analysis
USD/CHF: Has finally managed to take out the yearly lows from January by 1.0130, with the market easily dropping below this level to 1.0065 thus far. However, any additional declines below 1.0065 are seen limited, with medium-term studies looking stretched.
Read more...Forex: GBP/USD trims losses, moves to 1.5350
FXstreet.com (Córdoba) – The Pound extended its recovery in the last hours against the Dollar. GBP/USD managed to hold above 1.5300 and rose to 1.5345, trimming losses. Greenback lost momentum as stocks stabilize in Wall Street, near daily lows.
Read more...Forex: GBP/USD struggles to hold above 1.5300
FXstreet.com (Córdoba) – Cable reached a fresh 6-week low against the Dollar at 1.5295, extending the retreated from 1.6000 (August highs). The pair managed to rise back above 1.5300 but is still under pressure affected by risk aversion.
Read more...Forex: EUR/JPY sell-off nears 106.15 support
FXstreet.com (Barcelona) - The Euro has been the worst performer on Tuesday, clearly defeated by the safe-haven appeal of the Japanese Yen, whose rally from 109.50 high on Sept 3 hit a new 1-week low at 106.23. We are presently at 106.23, 220 pips or 2% below the previous close.
Read more...USD/CHF Classical 09.08
USD/CHF: Has finally managed to take out the yearly lows from January by 1.0130, with the market easily dropping below this level to 1.0065 thus far. However, any additional declines below 1.0065 are seen limited, with medium-term studies looking stretched. As such, we would be more inclined to be looking for opportunities to buy at current levels. For now, a break and close back above 1.0240 ...
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