FOREX NEWS TODAY | 21 June 2011
(MarketWatch) Hangseng Index increased by 0.3% the first session but stay away from intraday high at 21819.44 levels, indicating that buying interest remains weak even though the index has experienced a decline of 8.8% since the beginning of the month until Monday.
"Because most investors still lack confidence in a rebound, especially after a deep correction, investors usually need more time to regain confidence in the market," said Core Pacific-Yamaichi.
Senin, 20 Juni 2011
How do I read the analysis on forex trading market?
QUESTION:
How do I read the analysis on forex trading market?
ANSWER:
Technically (chart), if prices are rising, then we can open Buy, and conversely, if prices are down then we can open sell. Always use stop loss and profit taking is ideal. for more details you can read materials about the school forex fundamental analysis and analysis tehnical
How do I read the analysis on forex trading market?
ANSWER:
Technically (chart), if prices are rising, then we can open Buy, and conversely, if prices are down then we can open sell. Always use stop loss and profit taking is ideal. for more details you can read materials about the school forex fundamental analysis and analysis tehnical
Bid VS Offer
Bid VS Offer
Reading the quotes is easy. But if we do not understand can be confusing too. Quotes on forex transactions is usually written in conjunction with its pairs and always follow the market changes from time to time (running).
I read quite simple if we remember two things:
1. The first currency mentioned is the base currency (base or currency)
2. Base currency value is always 1.
For example: USD / CHF 1.4623 means that 1 U.S. dollar was worth 1.4623 Swiss Francs. If the dollar the next time a value of USD / CHF 1.4630 means that the U.S. dollar rose 7 points because they can buy more Swiss Franc.
Each pairs there are two price displayed is the purchase price (bid) and selling price (offer). The difference between them is called the spread. So, if we use the example above, USD / CHF 1.4623/28 that means the purchase price is 1.4623 U.S. Dollar Swiss Franc and the selling price is 1.4628. Spread here the value 5 (.. 28 -.. 25 = 5).
Reading the quotes is easy. But if we do not understand can be confusing too. Quotes on forex transactions is usually written in conjunction with its pairs and always follow the market changes from time to time (running).
I read quite simple if we remember two things:
1. The first currency mentioned is the base currency (base or currency)
2. Base currency value is always 1.
For example: USD / CHF 1.4623 means that 1 U.S. dollar was worth 1.4623 Swiss Francs. If the dollar the next time a value of USD / CHF 1.4630 means that the U.S. dollar rose 7 points because they can buy more Swiss Franc.
Each pairs there are two price displayed is the purchase price (bid) and selling price (offer). The difference between them is called the spread. So, if we use the example above, USD / CHF 1.4623/28 that means the purchase price is 1.4623 U.S. Dollar Swiss Franc and the selling price is 1.4628. Spread here the value 5 (.. 28 -.. 25 = 5).
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