CBOT = Chicago Board of Trade , COMEX = Commodity Exchange Inc (NY) , CME = Chicago Mercantile Exchange , CSCE = New York Coffee, Sugar & CoCoa Exchange , IMM = International Monetary Market (CME Division ) , NYCE = New York Cotton Exchange , NYFE = New York Mercantile Exchange , NYBOT = New York Board of TradeJanuary = F , February = G , March = H , April = J , May = K , June = M , July = N , August = Q , September = U , October = V , November = X , December = Z

 

Westpac: the weakening of optimism in the markets to benefit the yen

Yen today once again demonstrates the growth and Sean Kallou, currency strategist Westpac, notes that, while this can be partly attributed to the liquidation of short positions against the backdrop of falling stock market, is also to draw attention to the fact that cash flows have recently become more positive for the Japanese currency. He drew attention to the fact that the Ministry of Finance of Japan indicated to reduce the interest of Japanese investors for foreign assets, while the Japanese assets in the recent demand from foreign accounts. Meanwhile, according to Kallou in the coming weeks we will probably see another bout of unrest on the prospects of strengthening the world economy that would support an increase in volatility in the market. The latter would be a very positive development for the Japanese currency, although it is noteworthy that in a couple of the dollar increase in the yen may be not so active. Moreover, Kallou drew attention to the fact that the historical volatility of the dollar, with an increase in the use of the Great location bulls than the yen, the U.S. currency was still enjoys great popularity as a safe haven asset, and another wave of risk are likely to support the growth of the dollar / yen
Timing Market Entry

I've noticed that the Forex markets move both fast and slow.If you are busy sinking money into some carry positions, the market might suddenly decide to go sideways, or perhaps down, for the next week. So, you go underwater and don't get to lighten your load on subsequent upswings.However, if you are light in the market, a piece of news will drop and leave your jaw on the floor as you miss out on a quick 100 pip swing. Obviously, if you play the news, it will come in on the wrong side or the market with interpret it in a way that surprises you in order to throw you under the wheels of the money train.In short, it's not easy getting into the market safely with any quantity of net asset value.The problem really arises when you take small bites, getting into the market without risking all that much, and then find out that you were wrong. The market will wiggle around a lot, near your entry price, enticing you into thinking it will eventually recover, and then sink a bit more. If you put in a stop loss, the market will hit that, then bounce back up -- taunting you with a profit that you can't participate in.It's simply devious.So, how do you get into the market? How do you accumulate a set of carry positions that are in profit? When do you enter the market? What signals should you be following? As I've noted before, technical analysis of the carry pairs is very tricky, as they are driven by market movements. These pairs are happy to run roughshod over your trend lines any time the markets are euphoric, nervous or calm enough to lure you in.My suggestion is for you to work out the resistance points. As you approach a resistance point you can see how the pair reacts. If it stops or starts to bounce, you might feel it worthwhile to enter a position. You are basically risking the pip spread plus the distance to your stop loss. You simply have to risk a small amount of capital in order to play.The key is pick your entry points when you have the best chance of seeing an upturn. It's not easy.
Unplanned Forex Setback

Well, things have gone poorly just lately. Not because of anything that I've been responsible for, but because I was the recipient of an "insufficient funds" check. As the money I was planning to use over the holiday period was rudely removed from my account I was forced to withdraw a large portion of my Forex account.I'm quite peeved!Especially since I had some good in-profit positions protected by a stop loss. After I had to unload for a small profit the market continued to rise for a couple of days. Of course, if I was still in during the Thursday evening sell-off, I would have been taken out for sure, it still would have been at a higher profit level.Oh well. There isn't much I can do about it. As it is, I'm searching for a job and hoping to soon be playing the Forex in a serious way. Up until now I have only been working with an extremely small capitalization. Upon resuming my career, which I expect to happen early in the new year, I'll be able to accumulate a reasonable stake and put my recent "education" to work.
Forex Trading Made Easy

Forex trading isn't easy, it's about as risky a financial endeavor as you can legally participate in.Wait, let me rephrase that... foreign exchange trading is easy, success isn't. Yeah, that's right, that's my tag line. It's true.If you are looking for the easy button, here are some platitudes for you:
Buy low and sell high.
Have inside access to national economic reports.
Witness a major international incident prior to the news reports.

If you are willing to work hard, be patient, and work to preserve your capital, then here are some more helpful suggestions:
Wait for a buying opportunity before entering a market.
Manage your risk via position size and stop loss orders.
Learn to recognize when you should not be trading.Waiting For A Buying OpportunityIf you don't know how to recognize a buying opportunity, then you need to be playing with funny money still. Perhaps there has been a big movement recently. Perhaps there is a news release on the way. Perhaps you have noticed a trend and your indicators are giving you signals. Whatever the case, don't just throw your money at the market and hope for a profitable move.Managing Your RiskIt's easy to get fully invested. Heck, if you are careless you can do this in one trade. If you aren't careful you can blow up your entire account within minutes. Sure, you do have to take a risk every time you enter the market, but you don't have to take huge risks in order to achieve significant returns on your money. Make sure you are around for the long haul because eventually the market will make a move in your direction.

When Not To Trade

Generally, when you are having a bad day, whether because of the markets or otherwise, it is a good time not to trade. If you are bored, stressed, emotional, desperate , depressed, or angry, you are very likely to make poor decisions. All it takes is one unlucky rash decision to lose your capital. The forex trading game is one that requires vigilance and discipline. Know yourself.Anyway, today is Sunday, so I can't trade just yet. What do I do on Sunday? I think about potential trading strategies. I look forward to the day when I have real capital in the markets and am making a serious income. I review my previous ill fated forex trades. I write in my blog.
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