Archive for the ‘Currency Market’ Category:
I Found a Forex LIVE Trading Room that did 1,000 Pips in February
You probably already know that 90% of Forex Traders do NOT profit consistently, or even close to it.
And if you can’t profit consistently in Forex, what’s the point of throwing your money away over and over again?
So, most people therefore eventually do one of two things:
A) Spend thousands for a “professional” trader to show them how to trade properly and still be clueless in the end.
OR
B) Buy junk ebooks, robots, and signal programs that prove to be worthless over and over again!
Needless to say, these bogus services all turn out to be junk. But what about all of the so-called Forex “pros” out there? Well, not very many of them will actually trade in-front of you everyday in a live Webinar…
However, this guy I recently found, is the real deal…
Mr. Colin Atkins started trading Forex about 10 years ago, and is now one of those mysterious 5% of hugely successful traders unlike the other 95% of us.
What he’s done, is created a LIVE trading room where members may log-in 5-days a week, 3-sessions daily and can simply watch him trade (a few trades per session, nice and simple) and duplicate what you see him doing. It’s truly simple stupid.
He averages around 60+ Pips a day (plus his long term trades he emails us) , and managed to do over 15,000 pips in the in these first 9 months of opening up the room! Yes, I know… Insane.
So really, anyone who can simply watch this guy trade can duplicate his winning trades!
No more “signals” or “systems” that never work for any of us. This guy is going to be in the same trades with you, and talking to you live. It doesn’t matter what your Forex experience is, you can finally achieve what you’ve been trying to do…
Stop wasting your money on junk, or thinking that one day you’re going to magically win all your trades.
You’re never going to achieve the results you want. You need to trade with a true professional… Become a professional trader by Colin’s next live trading session and start trading successfully the way you’ve always wanted to…
The link to his site is:
Good Trading!
Your chance to be mentored in Forex by a 35+ year market veteran
It’s time for you to finally start making money in the Forex market.
Over the past week, trader Bill Poulos “spilled the beans” on
the top 4 problems his coaching students face with their Forex
trading…
-and then he showed 10,000+ regular folks just like you how to
solve those problems on a special “three-peat” online training
session.
As of this writing, 4,075 of those that attended his training
have already applied for more information on his brand new
“Forex Profit Accelerator Group Coaching Program”, which just
went live today…
-but the sobering reality is that there’s no way Bill can take
on that many new students, so if you have ANY interest in
finally becoming an Independent Master Forex Trader, you need to
move quickly.
——————————-
YES, 20 MINUTES OR LESS A NIGHT
——————————-
I’ve seen a LOT of Forex educational programs online, and here’s
what stands out about what Bill’s doing with this time-limited
program:
1. He has a totally unique twist on Forex trading that he
specifically designed for BUSY PEOPLE. Essentially, he shows you
how to treat the 24-hour Forex markets as “end of day”
markets… so you make all your trading decisions for the day in
20 minutes or less…
2. He’s giving you most of the benefits of 1-on-1 coaching
(which can cost $15,000… $20,000… or MORE) at a FRACTION of
that investment…
3. PLUS… he’s throwing in his time-tested Forex Profit
Accelerator home study course if you’re able to get into his
group coaching program before it closes…
All-in-all, it’s one of the most generous, solid Forex training
programs I’ve ever seen.
So if you want to:
* Quadruple your profit potential…
* Start with a $500 trading account…
* Trade in 20 minutes or less…
* Enjoy high-probability, lower-risk trades…
* Never have to suffer huge losses…
* and finally become an Independent Master Forex Trader…
…then check out the open enrollment letter Bill put together
for you:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f91
If you think 2010 is YOUR YEAR for finally mastering Forex,
I hope you get into this program in time before it closes.
Good Trading!
p.s. I’ve seen this developer’s trading programs disappear in a
matter of days in the past, and it’s a near certainty it will
happen again… so IF YOU VALUE YOUR TIME, I really urge you to
check out his letter here, and then ask yourself how what he has
to say stacks up against how YOU currently trade:
Free “end-of-day” Forex group coaching program
Dear Forex traders,
Here’s the scoop…
TOMORROW, on Monday, March 8th, 2010, the doors finally open to
35+ year market veteran Bill Poulos’s brand new “end-of-day”
Forex group coaching program.
As is par for the course with Bill’s releases, he’s limited the
number of new students he lets in to the program.
So to further help “weed out” the tire-kickers, Bill just
released a TON of extra Forex training materials that he put on
a special Member’s Website Preview for you.
Here are just a few of the goodies you’ll get on the preview
site, beginning TODAY:
** Preview access to his PIP FEEDER service where you can get
daily lists of the Forex pairs that have met his rigorous
trade alert criteria. In fact, these are Forex pairs that
have a high probability of entering into potentially
profitable positions any day now. He’ll eventually be
charging $197/mo for this service, but you can see a sneak
peek for a few days.
** The “Pip Vault”, which contains actual Forex trade example
“screen capture” videos, so you can see exactly how you
can trade in less then 20 minutes a night.
** Day-by-day “trade diaries” that show you the trading
decisions Bill has made each night on some really
great trades (you’ll also see a trade that’s not really going
anywhere yet, and how he manages that situation).
** Previews of the actual CD-ROMs that ship with the course so
you can see exactly the type of material that’s on them.
** and a TON more…
But don’t take my word for it. Go ahead and check it out now by
visiting the web page here now:
http://www.smartforextraining.com/y/?i=773362&u=1&l=f90
Your username is: readyto
Your password is: enroll
Good Trading!
p.s. This complimentary preview access will be expiring in a few
days, and likely taken offline, so I urge you to get in now
while you can if you have any interest learning how to
dramatically up your “pip potential” while saving hours a day at
the same time.
Get in here:
The Forex Robot World Cup Launch
Some interesting stuff is happening in the commercial forex trading systems world. The Forex Robot World Cup – the biggest and most important Forex robot competition in the industry (or so its organizers claim) – is due to be launched today Feb 16 at 9:00AM EST. Thus average forex trading Joes like me and you can gain access to the hot-shot forex robots that won the competition.
From what I can gather there is a lot of buzz around their Fusion-V 1.1a robot which according to their sales page produced a return of 355.46% in just 19 days. They do backup that claim with a real money FXCM trading account performance statement which can be seen at the very top of their sales page.
Price wise access to this (and other future) hotshot forex robot will set you back exactly $999 USD. Is it worth it? Hmm, good question. I’ll refrain from passing judgment until I get my own copy and put it to the test.
If you’re feeling adventurous I suggest you visit the Forex Robot World Cup homepage to either find out more or to purchase membership.
As always I’ll make sure I keep you all up-to-date regarding my performance testing once I get my own copy.
I wish you all happy and profitable trading!
Cheers,
Alan
Fed’s Currency Swap Lines: A BIG deal for the Dollar
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The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies.
Most market participants have been entranced by the Fed’s language about their target interest rates …
Will they say they’ll keep rates low for an “extended period” or not?
But the real story was buried in the last paragraph of the December Fed statement and reiterated in their latest statement.
Here’s what it said …
“The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1.”
Following the Fed’s statement this week, there was a coordinated release of comments from the European Central Bank, the Bank of England and the Swiss National Bank confirming that the swap lines were no longer needed.
For the currency markets, this is a big deal. Yet, few have thought the juicy details of the Fed’s plans on currency swaps are of interest.
But I do. I suspected it was a game changer for the dollar when I was studying the statement last December. And so far, the price action in the currency markets is confirming that.
Here’s a bit of background …
In September and October of 2008, the Fed announced that it would be opening temporary currency swap lines with central banks around the world in fixed amounts through April of 2009. As that expiry date neared, the Fed extended the period to October, and then extended it again until February of this year.
Here’s what that means: The Fed agreed to give foreign central banks U.S. dollars at a determined exchange rate for the currency of the respective foreign counterpart. And when the swap ends, the two central banks simply repay the same quantity of currency back. There’s no exchange rate risk and no impact on the demand for currency in the open market.
Why Did the Fed Offer Dollars to the Rest of the World?
When the credit crisis was at its peak, banks around the world were hesitant to do any short-term lending with other banks. As a result foreign bank-to-bank lending rates for dollars, the world’s primary business currency, shot up. That restricted access to dollar borrowing and pushed a lot of consumer interest rates higher in the U.S. and abroad.
By providing these currency swaps with other central banks, the Fed helped to inject dollar liquidity into banks around the world. And it was well needed.
In short, it was good for the global financial system because it helped reduce the fear premium that was causing market interest rates to soar.
You can see this clearly in the chart below. In panel A, while the Fed and other central banks were cutting benchmark interest rates to the bone (the white line), the Libor rate (the orange line), or the rates at which banks make short term loans between themselves, was going in the opposite direction.
Subsequently, when the dollar swap lines were rolled out, you can see in panel B how this divergence was reversed.
The Implication for Currencies
Most importantly for currencies, what these currency swaps did was increase the supply of U.S. dollars in the global markets — a negative drag on the value of the dollar.
So with the Fed announcing that it will close its currency swap lines with foreign central banks by February 1, the unlimited access to dollars by foreign central banks has come to an end.
This development is easily a positive for the dollar.
Let’s take a look at the timeline of these developments and the respective performance of the dollar …
As you can see from the chart, following the Fed announcement that the swap lines would be extended through October, the dollar has gone through a period of decline. Since December, when the Fed announced these facilities would be ending in a little more than a month’s time, the dollar has been on the rise.
When they opened these massive swap lines in late 2008, the goal was to alleviate the dollar liquidity crunch at banks around the world. However, in the process they increased the supply of dollars around the globe — a negative consequence for the value of the dollar. But now that these lines will be closed, it’s clearly a dollar-positive development.
And with the weight of evidence leaning in favor of the dollar at this stage, as I laid out here in my article last week, this latest announcement by the Fed provides more reason to believe in this dollar rally.
Regards,
Can A Forex Robot Beat 2,000% Per Year?
Hi.
This is probably one of the (if not THE) most important forex related post I will make for quite some time to come…
Pay close attention!
Forex Megadroid… the most accurate, consistent and profitable robot on the market is soon increasing its price (in my opinion, they should have done it a long time ago!)
For almost 10 months, the robot has been the #1 best selling robot on the market (since its launch on March 30th, 2009).
As we both know… you don’t get to be the #1 selling robot for so long just because of good marketing… you stay on the TOP only if you are good!
And good doesn’t even begin to describe Forex Megadroid…
As far as I know, this is the ONLY robot that for the past 10 months has been tracking its performance on a DAILY basis on their website.
You can see what I mean here:
By the way… when they launched almost 10 months ago, they set a performance objective for 2009.
That objective was 1,000% net profjt.
How much did they actually achieve (updated on a daily basis on their website throughout 2009)?
Well… how about OVER 2,400%!
You can see past trade-by-trade results on their website and remember, those trade results were updated on a daily basis since the site went live… no marketing gimmicks, no B.S. for almost 10 months!
And yes, results still are (and ALWAYS will be) tracked and presented on their website on a daily basis:
Ohhh… by the way, you have GOT to see their new proof (on page 5)… that is a true “never done before” on the Internet case study!
What is this new proof all about?
Well… simple and to the point: a trader has been using Forex Megadroid consistently since April 30th, 2009 (still is and will be for a very long time to come!)…
Now, this guy has proven once and for all that it’s all about sticking to what is good and not jumping from one bot to another.
Not only has every single month been profitable for him… but his equity curve is like nothing I have ever seen in the past!
You can check it out here:
All the best,
Alan
P.S. Remember – Forex Megadroid’s price is going UP to $149 in a few hours… this is the best robot on the market – hands down, so make sure to grab one while you can still get it at the current totally bargain price.
Forex Robot Proves Daily It Doubles Your Money
Hi,
==>Some claim they have the best Forex robot… ONLY ONE PROVES over 10 months that their’s actually IS the best Forex robot (documented on a daily basis).
Ok…
There are practically 100′s of Forex robots in the market… and one thing is common to 99% of them.
So what is it? If you have been around for a bit, you already know:
Most are “come and go” robots… meaning, they launch one week, gone the next week. Why? Because they are… well… you know the word 
Forex Megadroid launched almost 10 months ago (March 30th, 2009) and IS still the best selling robot on the market today.
Why? Because it WORKS!
Listen, you can spin it however you want but, bottom line, the only reason a Forex robot remains the #1 robot on the market for so long is because of its performance. PERIOD.
Now…listen closely:
Forex Megadroid’s price is going up to US $149 soon…
How soon? Well, check the counter here (depending on when you got this email, it might be a few minutes or a few hours away):
Forex Megadroid is the only robot in the market that:
Has had shown performance of 2,270% in 2009
Has TRACKED that performance on its website DAILY (by visiting the website every day since March 30th, 2009, you could have seen the performance of the robot update… and, of course, you will be able to see it for months and years to come)
Has had every single month (since launch, almost 10 months ago) turn out a profitable month
Has an equity curve NEVER seen before in the industry
Has PROVEN to quadruple every dollar deposited
Has PROOF of a 9 month account (continuing!) trading with unheard of performance
Is the ONLY robot that recovers from a loss so FAST (you HAVE to see this – never achieved in the industry before)
You can see proof of all the above here:
—————————————————————
The ONLY Robot That Has Live Updates… DAILY!
—————————————————————
When Forex Megadroid launched on March 30th, 2009 they came out with a statement:
“Will we be able to reach the 1000% profit objective for 2009?”
They posed it as a question… they decided that VISITORS could be the judge based on daily updates of the robot’s performance.
Can you see the difference between these guys and the rest???
These guys are the first ones in the industry to say they will reach unheard of profit objectives AND at the same time show the progress on their website!!!!
Now… not only did they show performance on a daily basis, they BROKE their objective of 1000% net profit for 2009… they actually nailed over 2,200% (again, performance ALWAYS has been and always will be updated on a daily basis on their website)!
BEAT THAT!
The robot’s price is soon going up (as you can see from the counter on their website) so make sure you grab a copy of the best robot in today’s market here before that happens:
There is a difference between a forex robot that appears for the first time on the market with exaggerated claims… AND a robot that has proven its claims on a daily basis for over 10 months!
All the best,
Alan
Further Downgrade in Greece Triggered Credit Concerns, Investors Sheltered under USD
Broad-based rally in USD pared commodity gains made Wednesday. The dollar surged to 1.434, the highest level in 3 months, as S&P downgrades Greece’s credit rating for the second time this year.
Commodities pulled back as strength in the dollar reduced demand. WTI crude oil price retreated to 72.6 after surging to as high as 73.55. Comex gold also dropped to 1136 from 1142.5. Commodity currencies also tumbled. The Australian dollar plunged to 0.887, the lowest level in more than 2 months, while the New Zealand dollar slipped for the 3rd day to 0.71.
After placing Greece’s long-term rating on Credit Watch for a week, S&P eventually decided to downgrade it to BBB+ from A-. According to the agency, ‘the downgrade reflects our opinion that the measures the Greek authorities have recently announced to reduce the high fiscal deficit are unlikely, on their own, to lead to a sustainable reduction in the public debt burden’. The downgrade also made S&P’s rating consistent with that of Fitch which downgraded Greece to BBB+ on December 8. However, they may not be the end of the story. Greece remains in S&P’s Credit Watch, suggesting further downgrade is possible.
Risk aversion increased and shifted from higher-yield assets for USD, Japanese and bonds. Stock market also declined. In Asia, the MSCI Asia Pacific Index lost -0.9% as driven by financial companies. Concerning individual indices, China’s Shanghai Composite Index lost -2.3% while Japan’s Nikkei stock average lost -0.1%.
In Europe, all benchmark indices opened lower. In UK, the FTSE 100 Index slid -1% while both of Germany’s DAX and France’s CAC 40 fell around -0.8%.
On the macro data front, UK’s retail sales surprisingly dropped -0.3% mom in November, following a +0.6% increase a month ago. This was the first monthly decline in 6 months and suggested economic recovery in the country remained choppy.
Later today, Canada will report November’s CPI which probably rose +0.3% and +0.8% on monthly and yearly respectively. Over +5% increase in gasoline price in November, as well as potential increase in auto sales price, should have pushed price levels in the nation.
In the US, initial jobless claims probably declined to 466K from 474K in the previous week. Moreover, leading indicators are anticipated to have risen +0.7% in November after an increase of +0.3% a month ago.
Source: oil n gold
Get Your Free Report: How to Use Bar Patterns to Spot Trade Setups
Greetings reader,
Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a huge hit with traders. But now it’s been packed with even more ways you can use common bar patterns to spot high-probability trading opportunities: 30 charts across 15 pages!
Don’t miss out on this opportunity to learn simple new ways to spot valuable trade setups in the charts you view every day.
Download Your Free Bar Patterns Report Now.
Warmest regards,
Alan
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.
What Could Lift the Dollar?
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The most recent employment data in the U.S. came in significantly better than what was expected. And the financial markets reacted in a different way this time. Interest rates went screaming higher, the stock market surged, gold fell and the dollar shot up.
In a normal environment a stronger dollar following better U.S. economic data sounds perfectly reasonable, but in the current “risk-centric” environment good news has been bad news for the dollar. That’s because it has emboldened risk appetite, which has translated into investors selling dollars in exchange for higher yielding/higher risk currencies.
This time the improving data gave investors the idea that the Fed could begin reversing its zero interest rate policy sooner. That got the dollar moving higher. And that got the wheels turning for a bounce in the weak dollar trend.
The dollar has continued to show strength following that turn in sentiment, but the prospects of a sooner move on rates has now been dismissed. The knee-jerk reaction in the markets that priced in an earlier hike in rates was subsequently fully reversed.
What is now underpinning dollar strength is a shift in market focus toward some of the headwinds facing the global economic environment. That’s swinging the risk appetite pendulum back toward safety, which is positive for the dollar.
So what can keep this momentum going in the dollar?
Answer: Growing risks to the global economy.
Let’s take a look at some of the specific catalysts that could fuel more demand for dollars …
Catalyst #1: Rising Prospects of a Sovereign Debt Crisis
First it was Dubai that stoked fear in the financial markets over the Thanksgiving Day holiday. Now, Greece has been called on the carpet over concerns that the nation will struggle to meet debt commitments. Fitch downgraded Greece to just three notches above the lowest investment grade status.
Debt problems in a global crisis have the ability to be contagious. And that can destroy investor confidence in the capital markets of such countries, and in the global economy. And when confidence wanes, capital flees. That’s a recipe for falling dominoes.
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| First it was Dubai that rattled the markets. Now Greece’s debt has investors worried. |
Catalyst #2: Problems for the Euro
The recent downgrade in Greece turns the market focus back to the problems that exist in the Eurozone, and that’s putting downward pressure on the euro … which means upward pressure on the dollar.
The European Union’s growth and stability pact limits all member countries to a budget deficit of 3 percent of GDP. But Greece is running a budget deficit of 12.7 percent of GDP, over four times the limit.
In fact, on average, the 16 member states of the single currency are running a budget deficit more than twice the 3 percent limit!
So the uneven performance in Europe will likely call into question the viability of the euro currency again. Another bout of speculation of a break-up of the euro is hugely dollar positive.
Catalyst #3: Growing Uncertainty Surrounding Economic Recovery
Now that sovereign debt problems are surfacing, investors are getting concerned about the sustainability of this recovery. After all, the unprecedented global fiscal and monetary response was an experiment. The outcome is unknown. And the underlying problems related to the crisis still exist: Bad debt, reduced wealth and tight credit to name a few.
Moreover, when you answer a liquidity crisis with more liquidity, you’re bound to create more bubbles. While ground zero for the credit crisis was the U.S. housing market, new bubbles in real estate are developing in the areas that were relative outperformers in the downturn (such as China, India and Canada).
In Shanghai, housing prices were up 40 percent in October from the same period a year earlier. And in a story about the Canadian housing market this week, Bloomberg quoted a real estate agent as saying, “Where else in the world do you have agents lining up overnight to buy a condominium?”
To someone here in the U.S., that sounds familiar.
Catalyst #4: Protectionism
We’ve already seen evidence of restrictions on global trade and capital flows. Considering protectionism was a key accomplice in fueling the Great Depression, this activity represents a major threat to global economic recovery.
After the lessons from the Great Depression, the leaders from the top 20 countries of the world vowed to avoid protectionist activity. But actions from the G-20 countries are speaking louder than words. New trade restrictions have been erected by most of them since the pledge was made.
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| Trade restrictions could derail global economic recovery. |
Perhaps the biggest factor in the protectionism threat is China’s currency policy. Even after recent tour stops in China by U.S. President Obama and European Central Bank President Jean-Claude Trichet to lobby for a stronger yuan, the Chinese have remained steadfast on keeping their currency weak. As this issue with China’s currency gains in intensity, expect protectionist acts to rise in retaliation. And expect collateral economic and political damage.
Bottom line: If sovereign debt problems and the prospects of a double dip grow, you can expect investors to pull in the reins on risk. And this time, they might not be as eager to turn the risk appetite switch back on. That could give the buck a strong lift … a lift that might last longer and rise further than many expect.
Regards,
