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Strategy can be divided by the principle of time. It also should be mentioned that the longer strategy is, the less profitable they are, but less risky, demand smaller psychological pressure, more ratio Deposit/Margin, and vise versa.

Long-term strategies. A trader holds a position opened for some days to a months and even longer. This strategy has the lowest risks, it doesn’t demand making momenta decisions, and psychological pressure is not high. But a trader needs rather a large deposit, that has to be more in 5-10 times than margin (the sum that a trader needs to open a position). If a margin is 500 US dollars, for this work a trader needs from 5000 US dollars. This is necessary to hold speculative sharp fluctuations of the rate that sometimes reach from 500 to 1000 points. The second lack is that a trader has to pay for transferring the position. It is rather strange, but the longer strategy is the less attractive it is for beginner traders. This is a very big mistake! Beginner traders should use long-term strategies only. Moreover, you do not have to study technical and fundamental analysis, as in the conditions written above a trader can open a position at any currency and to any side, fixing Take Profit for 100-200 points and there is a high possibility that you get this Profit during a month. Getting more knowledge with time, mastering new skills for predicting, a trader can work reliably and without losses, getting 100% of profit a year and even more. Using this strategy a trader also can devote more time to the private life instead of sitting at the computer watching after graphics.

Medium-term strategy, transactions last fro one day to a week. Everything written above is fair, this strategy is optimal for beginning traders who can not (or do not want) to wait for long. It is potentially more profitable and a little bit more risky, but with the ratio of Deposit/Margin 5-10 is almost completely safe.

Short-term position lasts from one hour to one day. This is a high profitable (potentially) strategy for experienced traders.

Super short-term strategy — it is the most attractive strategy for beginning traders, but at the same time it has the highest risks. Usually it looks like that. tempting to short-term fluctuations of rates at sevral points, a trader start “catching” points at 1-5. For some times it works, and the trader earns 20-30 points. Then fluctuations move against the trader’s position and losses start raising fast. As this work demands making fats decisions and the psychological pressure is very high, only experienced traders can work in such circumstances, but a beginner can do nothing, but only can watch how his/her deposit is getting smaller and smaller and comes to the crash.

Unfortunately a trader can work for short-term periods with small deposits, that’s why a beginning trader who usually has small deposits, always loses.

As in every other niche of our life foreign exchange market needs some education.

Surely, one can start forex investment and be quite successful in it. However sooner or later the losses will come. It is precisely when one might think “Why did I fail to start with a good forex trading education?”

That does not mean that after reading even the top materials you will start making money, but this info will save you from lots of traps. And even if you decide to get the help of a managed forex account service, still you will be able to make a much wiser decision.

And a final piece of advice – today the Internet technologies give you a really unique chance to choose what you need at the best terms which are available on the market. Strange, but most of the people don’t use this opportunity. In real life it means that you must use all the tools of today to get the info that you need.

Search Google and other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a wise and nicely balanced decision.

P.S. And also sign up to the RSS on this blog, because we will do the best to keep updating this blog with new publications about Forex market.

A Forex trader has to be well informed about the movement of prices within different periods of time to have an idea how the prices of different securities have been changed. As the graphic information is much easier for accepting by most of people than textual or digital information, different special programs of graphic representation were created for the ease of work. These programs allow you to create different graphics based on stock quotations. The majority of the Internet trading systems have the service of automatic on line export of the information from a trade terminal to these programs, that is very comfortable from the point of view of a user.

Let’s consider advantages of Internet trading, these are:

1) access to tender from any place where you have access to Internet or mobile connection;
2) independent trade on the currency market;
3) instant receipt of trade orders to a trade system;
4) information about the stock in the on line mode;
5) you have an opportunity to place an order “with voice” in the case of absence of Internet;
6) a guarantee of meeting the engagements on dealership;
7) accounts take place at the day of arranging a deal.

Of course Internet trading has its own disadvantages:

1) it takes you rather much time and makes you sit at your computer regularly (depending on a trade strategy that you use);
2) it is some kind of a test of a person’s patience as any trader will ever incur losses, this is an essential part of the work of any Internet trader on the Forex market.

In spite of psychological pressure, Internet trading gives you many benefits; a trader is financially independent (you do not have to live from salary to salary, as sums of your income can be more than your average salary for many times) and is free in his/her travels (you can take part in tender being in any country of the world).

A basic task of a broker company is to provide a client (a trader) with convenience and safe Internet trading and with modern technical and informational support also. Thanks to that, Internet trading is one of the most popular ways to get profit. Using your computer, you have an opportunity to make trade operations as fast as it is possible and to get extra income without changing your life style.

Thus, technological progress “does” its best for you to be simple, safely and convenient to be occupied with such an interesting business like currency trading on the Forex market. If you think this kind of an occupation suits you, if you are ready to devote much of your time and patience to Internet trading, if you want to get some extra income, then Internet trading is for you.

As in every other sphere of life foreign exchange market needs some knowledge.

Surely, you can start forex investment and get quite successful in it. But sooner or later the losses will come. This is when you might think “Why did I fail to start with a good forex trading education?”

This does not imply that after reading even the top materials you will start closing trading positions with huge income, but this knowledge will save you from many traps. And even if you make up your mind to get the help of a managed forex trading service, still you will make a much wiser decision.

And a final piece of advice – today the online technologies give you a truly unique chance to choose exactly what you require at the best terms which are available on the market. Funny, but most of the people don’t use this opportunity. In real life it means that you should use all the tools of today to get the info that you need.

Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to create a true vision of this market. Thus, giving you a real opportunity to make a smart and nicely balanced decision.

And also sign up to the RSS feed on this blog, because we will do the best to keep updating this blog with new publications about Forex currency trading.

If you look at the majority of occupations it is possible to come to a conclusion that all of them are constructed in such a manner that for reception of cherished dream in the shape of a big salary, it is necessary for a person to move on an office ladder. But after all, each of us understands that there are different ways of achievement of career growth and not all of them are comprehensible to the normal person possessing advantage and any internal principles. In the profession of a trader everything is built in another way. You do not need to “scheme and occupy someone’s more highly paid and prestigious place, you are relieved of necessity to communicate with the annoying chief, you can not worry that someone who is more artful and talkative can take your place, besides nobody can”scheme”against you. Also it is only a small list of advantages of the profession of the financial trader. Actually you show the freelancer of the financial market and work for your own. You are the chief and the subordinate at the same time and if you have to hold before someone the answer, only before yourself.

And if you are a creative person and for you it is a pleasure to learn constantly something new, to analyze the obtained data and to slightly open riddles and secrets then the profession of a trader is your niche which can make for you considerable profit.

However it is not necessary to forget that Forex is at the same time risk, fear and responsibility. Whether you are ready to incur responsibility for your own money? Whether you can overcome the internal contradictions and children’s fears which business decisions prevent to make quickly to you? On the other hand we risk constantly and everywhere. Daily walking for work, we risk to make a mistake because of which you can be fired. And if you are a businessman/woman then you precisely not by hearsay know that such risk. Whether it is possible to carry a known saying: «Who does not risk, that one does not drink champagne!» To the market Forex? If you are only superficially familiar with this system then can think that it is valid and Forex represents the big lottery where it is possible to take chances, only, and intuition. But it not so since Forex is the financial market submitting to the laws to which good luck has no relation.

Really, Forex is a risk, but after all it also risk which is compensated either crash, or huge profit. If you are assured in the forces and are not afraid to risk, then work of the financial trader is for you! A vivid example of stunning success on Forex is George Soros who is considered today as one of the most authoritative persons in this market. About Soros the set of legends and true stories which acquaint us with this person with various positions of social behavior in a society go. One name this person cracked Bank of England, others name heis the largest speculator of all times and the people, however it is impossible argues that this financier, the exchange bigwig and simply interesting person does not represent any interest from contemporaries and future generation. In Soros’s activity that he earns much and also spends the most interesting, and for charity much, reminding that modern «Robin Hood».

As in every other sphere of our life foreign exchange market needs some education.

Of course, one can start forex investment and be quite successful in it. However sooner or later the losses will come. This is when you might think “Why didn’t I start with a good forex trading education?”

That does not mean that after reading even the top materials you will start making money, but this knowledge will save you from many traps. And even if you make up your mind to get the assistance of a managed forex account service, still you will be able to make a much wiser decision.

And a final piece of advice – today the Internet technologies give you a truly unique chance to choose what you require at the best terms which are available on the market. Funny, but most of the people don’t use this chance. In real life it means that you must use all the tools of today to get the info that you need.

Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and join the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a smart and nicely balanced decision.

P.S. And also sign up to the RSS on this blog, because we will do the best to keep this blog tuned up to the day with new publications about Forex currency trading.

There is nothing difficult for anyone to start working on the Forex market, but you need some theoretical and practical training in order to get stable profit. Forex training is an essential part of the occupation of every beginner and it also would be useful for professionals even. Forex training is not difficult, but it needs some time as any other business.

The basic training consists in:

- learning tools of a trader — trade programs, and terms, conceptions, slang of the Forex market too.
- choosing and mastering a trade strategy or developing your own trade strategy using demo account.
- acquiring psychological habits adopting to a real account.

You can study a program for trade by intuition, by experimental way or with the help of instructions that are add to a program. If you anyway have questions, you can find answers on corresponding forums. In any case there are answers on these forums, as these questions are eternal, and you only have to collect information patiently. Although it may take you from several days to a month to find answers on all your questions.

It will take you rather much time to choose a trade strategy, as you have to choose such a trade strategy that suits you. Demo accounts are exactly for this purpose, i.e. for training and choosing a trade strategy. You open a demo account in one of the broker companies. Using a demo account you can arrange the deals as with a real account on the Forex market. The only one difference is that you use virtual money on a demo account instead of real money.

After you have finished training on a demo account and got initial experience, you can try yourself on a real trade account. Psychological state of many beginning traders is changed when they start working with real money. You can play with virtual money and stay completely calm even if you lose money, but it is not the same as to run risks with your own real money. That’s why a beginning trader shouldn’t run risks with a large sum at the beginning. It is better to learn on practice the same what you have studied on demo account, using small assets (load on the account on opened positions shouldn’t be more than 1/20-1/10 of the sum of account). Working with real money you will feel the connection between the movement of rates and your profit. You need this practical experience of work with a real trade account in order to move to the next phase of becoming a professional trader.

A professional trader by his/her own chooses the style of trade and trade tools, that are used in the work. And a professional trader monitors his/her work by his/her own.

As in any other sphere of our life foreign exchange market needs some education.

Of course, one can start forex investment and be quite successful in it. But sooner or later the losses will come. This is when one might think “Why didn’t I start with a good forex trading education?”

This does not imply that after reading even the top materials you will start making money, but this knowledge will save you from many troubles. And even if you decide to get the assistance of a managed forex trading service, still you will make a much wiser decision.

And some general tips – today the web technologies give you a truly unique chance to choose exactly what you want for the best price on the market. Funny, but most of the people don’t use this opportunity. In real practice it means that you must use all the tools of today to get the information that you need.

Search Google and other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and join the online discussion. All this will help you to build up a true vision of this market. Thus, giving you a real chance to make a smart and nicely balanced decision.

P.S. And also sign up to the RSS feed on this blog, because we will everything possible to keep updating this blog with new publications about Forex market.

Let’s try to understand what Forex market is and why you need it. So, what is Forex? To say in a few words, the Forex market is a large international currency market, where everyone ca exchange currency. And you can do that too, if you would like. You can find more information about what the Forex market is in Internet, and here we will talk about three questions:

1. Why do you need the Forex market?
2. How much can you earn a month?
3. If this is real?

Let’s start with the first question, if you need that.

Everyone needs money. This is an axiom. The difference is only that someone needs more money, someone less. But anyway you need money. We have determined with that. If you do not have enough money, or you have enough money but want to have more, then the Forex market is a real chance to earn money. What do you need to earn money on the Forex market? First of all you need to learn. But if you want to learn how to trade, then you need:

* access to Internet
* to choose a broker company
* to install a trade program

You have to start learning how to trade on a demo account, do not start with real money. The difference is only that you use virtual money, and the rest is a real world of the Forex market. I think we have cleared up this question.

The question number 2. How much can you earn a month?

At the beginning you will earn nothing. And you have to accept this situation at once. Forget about a real account till you can increase your educational deposit in three-four times. You will lose your deposit if you start working with real money at once.

And now let’s imagine that you have learned how to trade successfully.

For example you have opened an account with 100 US dollars.

You have learned to earn 50 pips a day. If it is a lot or not enough, you will see that now. A pip is a minimal change of a price. For example is a price of a currency was 1.2543 and it became 1.2544, then the price has changed at one pip. The price of this pip depends on the size of your deposit. The larger your deposit the larger is the price of the pip.

So, you have 100 US dollar on your account. The price of one pip will be 0,1 US dollar, therefore you have earned 5 US dollars a day. Is this not enough? You will earn 100 US dollars for 20 days, plus 100 US dollars on your deposit, so you have 200 US dollars on your deposit. Thus the price of one pip has become 0,2 US dollars.

Now let’s calculate on moths:
The 2nd month 400$, the price of one pip is 0,4$
The 3rd month 800$, one pip is 0,8$
The 4th month 1600$, one pip is 1.6$
The 5th month 3600$, one pip is 3.6$
The 6th month 7200$, one pip is 7.2$
The 7th month 14 400$, one pip is 14.4$
The 8th month 28 800$, one pip is 28.8$
The 9th month 57 600, one pip is 57.6$
The 10th month 115 200, one pip is 115.2$
The 11th month 230 400$, one pip is 230.4$

It is very impressive, isn’t it? But this is only in theory. On practice it is not the same unfortunately. Why? You will have losses along with earnings. This is inevitable. And there is also a conception of capital management. So, you have to learn first and only after that to start practicing.

As in every other niche of life foreign exchange market needs some knowledge.

Of course, one can start forex investment and be quite successful about it. However sooner or later the losses will come. This is when you might think “Why did I fail to start with a nice forex trading education?”

That does not mean that after reading even the best materials you will start closing trading positions with huge income, but this knowledge will save you from lots of troubles. And even if you make up your mind to get the help of a managed forex trading service, still you will make a much wiser decision.

And some general tips – today the Internet technologies give you a really unique chance to choose what you require for the best price on the market. Strange, but most of the people don’t use this opportunity. In real life it means that you should use all the tools of today to get the info that you need.

Search Google and other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and join the discussion. All this will help you to create a true vision of this market. Thus, giving you a real chance to make a smart and nicely balanced decision.

And also sign up to the RSS on this blog, because we will everything possible to keep updating this blog with new publications about Forex market.

As they say technical analysis says to a trader about the situation on the market and fundamental analysis gives an explanation to what is going on and gives the material to analyze in future. A fundamental analyst follows the state of economy, political events and common tendencies in the world, and makes decisions under the appearance of special news.

The basic work with fundamental data consists in the following.

* Exposure of logical chains in economy, lurking of macroeconomic situations in different countries. It is usually used in long-term operations.
*The work with news. Comparing of systematic indicators with their actual meanings. It is used in short-term operations.

The basic factors that influence on exchange rates on the Forex market:

*Crisis or unexpected events (politics, natural events)
*Expected events (finances and economy)

Life cycle of the factors of fundamental analysis

*Short — life cycle lasts not more than 24 hours a day (news during a day)
*Long — from a few weeks to several years (economic indicators, fund indexes)

Economic factors of influence of exchange rates

*The activities of economic development (gross domestic product, volumes of industrial production and so on)
*The state of trade balance, the degree of dependence on outer sources of raw materials
*The development of monetary quantity on the inner market
*The degree of inflation and inflationary expectations
*The degree of interest rate
*The solvency of a country and trust to the national currency on the world market
*Speculative operations on the currency market
*The degree of development of other segments of the world financial market, for example of the safety stock that is in competition with the currency market

These are only basic terms on fundamental analysis. You will have to read Forex textbooks to learn fundamental analysis more detailed.

Many beginning traders often think what type of analysis is more important fundamental or technical. Many would say that there is nothing to think of and fundamental analysis is primary, because a price of a currency combines of many macroeconomic indicators, political and economic state in the country, and the name speaks for itself. Actually this is true. But look at graphics. What can you see on them? You can see the wave model of Elliot. And the price is moving according to the rules of Elliot. Couldn’t you think that all the economy of the country, its politic situation along with macroeconomic indicators moves according to these rules too? Actually this is very doubtful. Any experienced trader would give you an exact answer on this question, but at the same time any experienced trader would recommend you to earn money using both types of analysis as technical as fundamental. You must think of your own strategy of using both types of analysis

As in any other niche of our life Forex needs some knowledge.

Of course, you can start forex investment and get quite successful in it. However sooner or later the losses will come. It is precisely when you might think “Why did I fail to start with a nice forex trading education?”

That does not mean that after reading even the top materials you will start closing trading positions with huge income, but this info will save you from lots of troubles. And even if you decide to get the help of a managed forex account service, still you will make a much wiser decision.

And a final piece of advice – today the Internet technologies give you a really unique chance to choose exactly what you need for the best price on the market. Strange, but most of the people don’t use this chance. In real life it means that you must use all the tools of today to get the information that you need.

Search Google or other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a smart and nicely balanced decision.

And also sign up to the RSS feed on this blog, because we will do the best to keep updating this blog with new publications about Forex market.

Any training course of trade on the Forex market has a course of psychology. Why? The point is that self-control and discipline play one of the most important roles on the Forex market. There are some common rules of a trader’s psychology.

The first rule.

Do not hurry up. It may sound very simple, but traders make a lot of mistakes because they hurry up. For example, you only start your working day, run the trade terminal and see a rising trend on a 15 minutes graphic. You do not think of the situation much and buy the currency and in 5-10 units the price is falling. You are confused, incur losses but you still believe that the things will be find and will move to the direction you want. As a result you close the transaction with a large loss. A lot of traders appear in such situations very often. Why? This is just a human greed.

And here the next rule is coming.

The second rule.

Greed. What is greed? This is just a very strong wish to have everything and more. Haven’t we come to the Forex market in order to earn much money? Everyone has different wishes, but the same goal — to earn much money. But everything needs reasonable limits and greed has to be limited too. You may think it is too difficult. Actually yes, so you have to set up a daily limit for yourself. For example, 30-40 units for one trade session are completely enough.

The third rule.

Set up right goals.

As it has already been said every trader has the same goal — to earn money. It is a good goal, but it is not right. Why? First of all, your primary goal is to learn to trade right and successfully on the Forex market. Pay attention to the stable trade, because you can earn 250 units today (successful trade) and tomorrow you can lose 300 units. So, your primary goal should be to make your trade stable. What can help you in that?

*daily analysis of the market
*search and development of your own trade system
*studying the theory
*daily practice of trade on demo account

Pay attention that practice must be on demo account. Why is it so important? This is because even if you practice on a cent account anyway you will want to earn money very much. And at this period your primary goal is learning.

Ok, you have become a successful trader, but anyway do not set up a goal to earn money. Why? The point is that money is a tool to make you wishes come true. So, you have to set up a goal to buy a house, a new car, an apartment, an yacht etc., everyone has his/her own goal, but not to earn money. For example your goal to live in a big house on the seaside and this goal means that you need a lot of money. I want to repeat one more time — money is only a tool to make your goals real.

As in every other sphere of our life Forex needs some education.

Surely, one can start forex investment and be quite successful about it. But sooner or later the losses will come. This is when you might think “Why didn’t I start with a good forex trading education?”

This does not imply that after reading even the best materials you will start making money, but this knowledge will save you from many traps. And even if you decide to get the assistance of a managed forex accounts service, still you will make a much wiser decision.

And some general tips – today the web technologies give you a really unique chance to choose exactly what you want at the best terms which are available on the market. Strange, but most of the people don’t use this chance. In real life it means that you should use all the tools of today to get the information that you need.

Search Google or other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the discussion. All this will help you to create a true vision of this market. Thus, giving you a real chance to make a wise and nicely balanced decision.

And also sign up to the RSS on this blog, because we will do the best to keep this blog tuned up to the day with new publications about Forex market.

Let’s look through indicators that are often present in many trade systems.

* Relative strength index (RSI)
* Moving Average Convergence/Divergence – MACD
* Stochastics oscillator

These indicators are in a group of oscillators. What is oscillator? This is a system that makes fluctuations, i.e. its indicators are repeated regularly in time.

The primary task of oscillators in technical analysis is a show of the state of overbuying and overselling. Educational literature has an explanation of these terms. This is a state of the market when a price reaches a certain maximum (minimum) and no one wants to buy it at a higher price (overbuying) or to sell at a lower price (overselling). Based on oscillators’ models, after overbuying the price must fall, and after overselling the price must grow. That’s why such fluctuations happen.

Relative Strength Index has two levels.

* The level of overbuying (the meaning 70)
* The level of overselling (the meaning 30)

You can change these meanings in the settings of the indicator if you want. How to use the indicator RSI?

It is very simple actually. There are its basic signals to action or to thought.

* If the line on the RSI graphic crosses the level 70 from the top to down — you must sell
* if the price crosses the level 30 upwards — you must buy
* Cancellation of the levels
* Divergence

Now let’s talk about stochastic oscillator. It also has the levels of overbuying (80) and overselling (20), that you can change if you need or want to. You also can change the time period of calculation in the settings. It also has basic signals.

* If the line on the graphic crosses the level 80 from the top to down — you must sell
* If the price crosses the level 20 upwards — you must buy
* Crossing of the fast line (%K) with the basic line (%D)
* Divergence

What does it show to us? It shows to us where the graphic regarding maximal and minimal price is closed. So, if the price of closing is close to maximal then the stochastic oscillator has the meaning about 100. And if the price of closing is close to minimal, the stochastic oscillator will be about zero.

Moving Average Convergence/Divergence – MACD

This indicator can be used as in the passage as with trend. You only have to change the period of calculation. What is this indicator? It is the difference between two sliding middles, for example 12 and 26. If these sliding middles are crossed, then MACD will be on a zero line as the meanings of the middles will be the same. If a sliding middle (12) is higher that a sliding middle (26) i.e. its meaning is more, then MACD is higher than a zero line and vise versa. If you add these middles to a candle graphic, you will see how these tools duplicate each other.

As in any other sphere of our life Forex needs some knowledge.

Surely, you can start forex investment and be quite successful in it. However sooner or later the losses will come. This is when one might think “Why did I fail to start with a nice forex trading education?”

That does not mean that after reading even the best materials you will start making money, but this info will save you from lots of troubles. And even if you decide to get the help of a managed forex account service, still you will be able to make a much wiser decision.

And some general tips – today the web technologies give you a truly unique chance to choose exactly what you need for the best price on the market. Strange, but most of the people don’t use this opportunity. In real practice it means that you must use all the tools of today to get the info that you need.

Search Google or other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a smart and nicely balanced decision.

P.S. And also sign up to the RSS on this blog, because we will do the best to keep updating this blog with new publications about Forex market.

As the Forex market is an interbank market, then banks are basic and practically single source of quotations. Other sources only retransmit bank quotations.

What is the bank quotation?
Almost each big bank quotes to the clients (legal and to physical persons) and to other banks-counterparts (to banks with which contracts are signed and it is made the exchange of payment requisites) rates on which the bank is ready to make operation at the present moment. Process of quoting is made through special means (trading terminals, the Internet, and sometimes and by phone).
It is indicative quoting, and the bank usually does not undertake to conclude the bargain under this price as the real price can depend on many factors: the status of the client (whether there is a risk of delivery of currency or not), operation volume (small, ordinary or great volume) dates of making currency (actual calculations under the transaction) etc.

Where do quotations leave?
These quotations, and also quotations of real transactions leave in specialised information systems (Reuters, Bloomberg, Tenfor, DBC etc.), and from information systems arrive worldwide – to clients of information systems (to back all banks, physical persons, legal bodies etc., who is connected by all to systems).

Thus, the quotations received from information systems, are indicative and yet do not mean that somewhere in the world on them the transaction has been made. Moreover, not all quotations of real transactions can get to information system.

The Forex market works 24 hours a day, 5 days a week (except for national holidays which are bank days off) as in each time zone there are institutes of buying and selling currency within the working day. Therefore in the Forex market actually there is no day trading session, and there is a week session. Week trading session in the Forex market opens at 23:00 across Greenwich (GMT) in revival in Tokyo, and is closed at 22:00 on Friday in Chicago.
Rather conditionally on Forex four regional markets are allocated: Australia, Asia, Europe, America.
In the working days Forex consistently moves on following financial centres: New Zealand (Wellington) – Australia (Sydney) – Japan (Tokyo) – China (Hong Kong) – Singapore (Singapore) – Germany (Fankfurt-on-Mein) and Switzerland (Zurich) – Great Britain (London) – the USA (New York, Chicago, Los Angeles).

Actually trade does not stop even during the holidays which are almost universal. So during New Year trade can be conducted by banks of the Muslim countries in which the 1st of January is not the official bank day off.
Informally the market works even during week-ends, however both on holidays, and in target volumes in the market so insignificant (thin) that it is difficult to find the good counterpart under the good price. Besides, though quotations during week-end also arrive in information systems, transactions on them consist only with counterparts, with which at bank «old communications».

As in every other niche of our life Forex needs some education.

Of course, one can start forex investment and be quite successful about it. However sooner or later the losses will come. This is when one might think “Why didn’t I start with a good forex trading education?”

That does not mean that after reading even the best materials you will start making money, but this info will save you from many traps. And even if you make up your mind to get the assistance of a forex managed account service, still you will be able to make a much wiser decision.

And some general tips – today the online technologies give you a really unique chance to choose what you need for the best price on the market. Funny, but most of the people don’t use this chance. In real life it means that you should use all the tools of today to get the info that you need.

Search Google and other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a wise and nicely balanced decision.

P.S. And also sign up to the RSS on this blog, because we will do the best to keep updating this blog with new publications about Forex market.

This article will tell you how to find the levels of support and resistance with the help of pivot points.

Calculating of pivot points is very simple, you will easily find these calculations on different sites devoted to the work on the Forex market. Calculation pivot points you use the following:

PP — pivot points
H — the highest level of a price at the previous day
L — the lowest level of a price at the previous day
C — the closing price at the previous day
R1-R3 — lines of resistance
S1-S3 — lines of support

That’s it. With the help of these calculations you can determine the aims of the currency pair’s movement. There is a very interesting fact, a price often comes to the line of resistance or the line of support to within one point.

Woodie pivot points

Pivot Points = (Highest level + Lowest + 2*Closing price) / 4

Resistance1 = (2 * Pivot Points) – Lowest level

Resistance2 = Pivot Points + Highest level – Lowest level

Support1 = (2 * Pivot Points) – Highest level

Support2 = Pivot Point – Highest level + Lowest level

As you can see from the formula, the calculation of pivot points pays a great attention to the parametres of the day closing.

Camarilla levels

Calculating Camarilla levels you do not have to calculate pivot points. You only calculate the levels of support and resistance. But that doesn’t mean that you can not calculate pivot points using the formula written above.

R4 = (H – L) * 1,1 / 2 + C

R3 = (H – L) * 1,1 / 4 + C

R2 = (H – L) * 1,1 / 6 + C

R1 = (H – L) * 1,1 / 12 + C

S1 = C – (H – L) * 1,1 / 12

S2 = C – (H – L) * 1,1 / 6

S3 = C – (H – L) * 1,1 / 4

S4 = C – (H – L) * 1,1 / 2

Camarilla levels were calculated by a very successful trader Nick Scott. The calculation of the levels had been in secret for a long time. Camarilla levels as the levels of the classic variant show very good results very often, although it has to be mentioned that they show different levels. So, it would be reasonable to use these levels in a pair. The levels S3,S4,R3,R4 are considered as very important. You have to pay attention to them.

The levels of Thomas Demark

There are two levels in the given calculations. These levels predict where a price may move at the given period. They show the predictable maximal and minimal price meaning on a graphic.

R1 = X / 2 – L
PP = X / 4
S1 = X / 2 – H
Conditions
If C < O then X = (H + (L * 2) + C)
If C > O then X = ((H * 2) + L + C)
If C = 0 then X = (H + L + (C * 2))

You might sat that the theory is nice, but it will be very boring to calculate manually all those levels. You are completely right. But we are lucky, because the indicator that shows classic levels and Camarilla levels has been created. The indicator also has other functions. You should make some experiments with the settings of the indicator.

As a result, we may say that the levels often give right signals. Using the levels in your trade system will be very useful, but you have to use them sensibly.

As in every other niche of our life Forex needs some knowledge.

Surely, one can start forex investment and get quite successful in it. But sooner or later the losses will come. It is precisely when one might think “Why didn’t I start with a nice forex trading education?”

This does not imply that after reading even the greatest materials you will start making money, but this knowledge will save you from lots of dangers. And even if you make up your mind to get the help of a managed forex account service, still you will make a much wiser decision.

And a final piece of advice – today the Internet technologies give you a truly unique chance to choose exactly what you require at the best terms which are available on the market. Funny, but most of the people don’t use this opportunity. In real life it means that you should use all the tools of today to get the information that you need.

Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to build up a true vision of this market. Thus, giving you a real chance to make a wise and nicely balanced decision.

And also sign up to the RSS feed on this blog, because we will do the best to keep this blog tuned up to the day with new publications about Forex market.