The term “Forex Market” means the Foreign Exchange Market and it is the worlds’ largest market place. To give you an idea of the sheer size of the Forex Market – it trades in the region of $3 trillion dollars each and every day, and for this reason the forex market attracts Millionaire and Billionaire traders. Any trader can potentially make millions of dollars trading in this market.
The Knowledge to Action weekly webinars are hosted by a professional Forex trader and firstly covers the week coming up in the Forex world including any major events on the Forex calendar. Then once the week highlights are covered the main topic is presented.
The webinar will cover the normal weekly topics such as Major News, Market Overview and Event Risk. The main presentation will be on the importance of Fibonacci in Forex Trading.
Things like knowing about stop-loss strategies and how much to risk are crucial,” he says. “Another mistake is focusing on trading too many currency pairs. It is difficult to trade successfully if you are trying to trade too many when you are starting out. We teach our clients about fundamental and technical analysis and market sentiment. You need to understand the key drivers in both countries of the pairs you are trading.
So in order to monitor the news in real time my developers created ForexNewsMole.com which provides real time news from major blogs, news sources and Twitter. Check out my personal ForexNewsMole.com dashboard below!
2011 Shares award for Best Investor Education’ – Knowledge to Action
The way we approached Twitter as a content source for Forex traders is with the knowledge that 99% of Forex “tagged” content is SPAM. So we need to filter the Twitter posts so you only get the good stuff. The only way to really do this is select key Twitter profiles that are known to generated value not SPAM such as @johnjhardy. I have seen only software vendors use other tags such as the $ but at the end of the day they still have to filter any content using their tag “$” for SPAM.
With my new website I can be alerted instantly to new content, new posts from Twitter profiles (in real time!), search for particular news items – for example any news with “EUR/USD” or “Euro” in the content and also add in different news sources when I need to.
It would not come as any surprise to me that if the demons of Wall Street work out a way to Short the USA they will. This is why I love the Forex markets. Yes the market currently is volatile but I still place trades and make profit. The best thing is that I am in control of my “financial product” not the demons of Wall Street.
The two emails I looked at were to place an Income Generator Short trade on NZD/USD and AUD/USD. If you had placed the trades you would have gained profit. See the charts below for this morning – 240 charts.
Jane has asked the professional Forex traders who work at the Knowledge to Action Sydney office to each provide a list of the top 5 books they recommend for Forex traders for the newbies and “old salts”.
Its lunch on day 3 of the Knowledge to Action Master Trader course and in the morning Rik mentioned that currently there is over 2000 pips of profit on the table if the Income Generator was applied to a few Euro crosses.
The first day of the Knowledge to Action Master Trader course was better than I expected. It was not the official course material which produced the “awesome” but the course trainer’s wealth of information he passed onto us!
