Forex Broker - Us Dollar Conversion - Swing Trading Strategy - Business

You may be new in foreign trading, but this doesn't mean you can't earn some money from it. Success in foreign currency trading depends on your ability to analyze forex trends and currency movements. You may be new in foreign trading, but this doesn't mean you can't earn some money from it. The trading and investment system within any economy has been an ancient form of investment and profit opportunity. Investment is often riddled with confusion and fast paced decision making which often requires a certain level of customer support. Market liquidity, structure of pricing, and existing leverage are just few of the differences. In futures market, the margin rate is varying the whole day and it is dependent on the volatility of the market. Several system companies supply unique facets of dealing which must all be determined and sample before assortment. Moreover, it must have a trader's forum where you can seek advice from more experienced traders. This stays a important fac tor on the long run achievement of any investment foundation results price. Make sure the a person selected gives continual upgrades and downloads to ensure a clean financial commitment portfolio. Today, the internet provides a host of companies and websites that all allow for immediate and convenient access to stock market trading while the front runner in this market segment is Forex. Companies and governments sell shares of their companies and governmental bonds for consumer and business purchase in order to gain capital and allow profits for those that wish to gain access to this form of market sharing. A very common and widely used online Forex platform is a Currency trading platform. Forex on-line investing platforms are comprised of a collection of brokerage providers which can be typically accessed through a live or online network of specialists. You will want one providing live feeds of developments in the forex market. The trading of stocks and bonds is actually a very foundational and historic method of any global economy. STRATO Remaining existing and up to date on downloads and upgrades is crucial with any on the net platform. Forex online trading platforms are comprised of a series of brokerage services that are often accessed through a live or online network of experts. In the case of futures, the selling and buying price is dependent on the last trading or tick price. Remaining current and up to date on downloads and upgrades is crucial with any online platform.

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Action Insight Mid-Day Report 2-29-12 (trusted: contact@actionforex.com)

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Weekly Report	Markets Snapshot
Mid-Day Report: Euro Still in Range after ECB LTRO Euro remains bounded in range after ECB said that another EUR 529.5b will be lent to 800 financial institutions in its second three-year LTRO operation. That's slightly larger than market's expectation of EUR 400b-500b but not far. Also, that compared to December's allotment of EUR 489b to 523 banks. While the total amount was more or less similar to expectation, the number of banks surprised the markets. It's taken as a signal that a lot more smaller financial institutions tapped into the funding and it's possible that more funding could be passed on to the real economy. Full Report Here...
Featured Technical Report
USD/CAD Mid-Day Outlook Daily Pivots: (S1) 0.9930; (P) 0.9962; (R1) 0.9983; More... USD/CAD drops sharply to as low as 0.9868 and the break of 0.9891 support indicates resumption of whole decline from 1.0656. Intraday bias is back on the downside and deeper fall should now be seen towards 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9757. On the upside, above 0.9905 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited below 1.0049 resistance and bring another fall. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised 21:45 NZD Building Permits M/M Jan 8.30% 3.40% 2.10% 2.60% 23:15 JPY Nomura/JMMA Manufacturing PMI Feb 50.5 50.7 23:50 JPY Industrial Production M/M Jan P 2.00% 1.50% 3.80% 00:00 NZD NBNZ Business Confidence Feb 28 16.9 00:01 GBP GfK Consumer Sentiment Feb -29 -27 -29 00:30 AUD Retail Sales M/M Jan 0.30% 0.30% -0.10% 05:00 JPY Housing Starts Y/Y Jan -1.10% -3.30% -7.30% 08:00 CHF KOF Leading Indicator Feb -0.12 -0.11 -0.17 -0.15 08:55 EUR German Unemployment Change Feb 0K -5K -34K -26K 08:55 EUR German Unemployment Rate Feb 6.80% 6.70% 6.70% 6.80% 09:30 GBP Mortgage Approvals Jan 59K 54.0K 52.9K 55K 09:30 GBP M4 Money Supply M/M Jan 1.60% -1.40% 09:30 GBP M4 Money Supply Y/Y Jan -1.80% -2.50% 10:00 EUR Eurozone CPI M/M Jan F -0.80% -0.80% 0.30% 10:00 EUR Eurozone CPI Y/Y Jan F 2.60% 2.70% 2.70% 10:00 EUR Eurozone CPI - Core Y/Y Jan 1.50% 1.70% 1.60% 13:30 USD GDP (Annualized) Q4 S 3.00% 2.80% 2.80% 13:30 USD GDP Price Index Q4 S 0.90% 0.40% 0.40% 14:45 USD Chicago PMI Feb 61.8 60.2 15:00 USD Fed's Bernanke Testifies on Semi-Annual Monetary Policy Report 15:30 USD Crude Oil Inventories 1.6M 19:00 USD Fed's Beige Book
Orders and Options Watch
US Session: Orders and Options Watch EUR: Although the single currency retreated after testing last Friday's high of 1.3486, bids from Asian CBs emerged at 1.3425-30 and limited euro's downside and more buying interests from same names are tipped at 1.3400 and also 1.3380-85 with stops building up below 1.3380, 1.3360 and 1.3340. On the upside, option defensive offers are still noted at 1.3490-00 with stops placed above option barrier at 1.3500 and also 1.3550 (another barrier and with offers ahead). Full Report Here...
Forex Trade Ideas
Trade Idea Update: GBP/USD – Buy at 1.5830 Cable’s rally after finding renewed buying interest yesterday at 1.5801 (just above the Ichimoku cloud bottom) confirms recent upmove has resumed and further gain to 1.5965-70 would be seen, however, near term overbought condition would limit upside to psychological resistance at 1.6000 and price should falter well below 1.6050, bring correction later. Full Report Here... Trade Idea: AUD/USD – Exit long entered at 1.0650 Although aussie has maintained a firm undertone after the anticipated rebound from 1.0597, a sustained breach of resistance at 1.0845 is needed to retain bullishness and signal recent rise in wave c has resumed for further gain to 1.0900 but near term overbought condition should limit upside to 1.0950-60 and this c leg should falter below previous resistance at 1.1081, bring retreat later. Full Report Here... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights EUR529.53 Take-Up In ECBs LTRO Ponzi Perpetuation, Roll Out The Printing Presses: LTRO, ECB Euro Stays Well Bid Going Into The 3-Year LTRO Technical Highlights GBP/USD Breaks Consolidation Resistance; Sight on 1.61 and Beyond USD/JPY Consolidates And Tranquilizes GBP/USD Steps Up In A Slow Pace For Now

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Nexgen Revolution Day Trading Success (trusted: contact@actionforex.com)

From Our Advertiser

"You will know how to make money trading – or you won’t pay a penny , come look at the live signals our trading software called". To view this as a  webpage click here http://www.nexgent3.com/blog/

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Action Insight Daily Report 2-29-12 (trusted: contact@actionforex.com)

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Weekly Report	Markets Snapshot
Daily Report: Euro Firmly in Range as Markets Await ECB LTRO Results Euro remains cautiously firm against dollar as markets are awaiting ECB to announce the result of the second ultra-long three year LTRO allotment, which should be released at around 1015 GMT. In the first three year LTRO, 523 banks tapped EUR 489b of funds from ECB at interest rate of 1%. Markets are expecting around EUR 400-500b funds to be tapped this time. Around EUR 150b would be rolled over from other existing facilities maturing this week. Hence, the total increase in liquidity could be around EUR 250-350b. around 10% of ECB's current balance sheet. Full Report Here...
Featured Technical Report
EUR/USD Daily Outlook Daily Pivots: (S1) 1.3411; (P) 1.3441 (R1) 1.3493; More.... EUR/USD's recovery extends further but is still limited by 1.3486 temporary. Thus, intraday bias remains neutral and more consolidations could be seen. At this point, deeper retreat cannot be ruled out yet and below 1.3366 minor support will target 4 hours 55 EMA (now at 1.330) and below. On the upside, above 1.3486 will extend recent rally towards 61.8% retracement of 1.4246 to 1.2625 at 1.3627 next. As noted before, decisive break of 1.3627 will have near term falling trend line resistance firmly taken out and affirm the case of completion of whole fall from 1.4939 at 1.2625. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised 21:45 NZD Building Permits M/M Jan 8.30% 3.40% 2.10% 2.60% 23:15 JPY Nomura/JMMA Manufacturing PMI Feb 50.5 50.7 23:50 JPY Industrial Production M/M Jan P 2.00% 1.50% 3.80% 0:00 NZD NBNZ Business Confidence Feb 28 16.9 0:01 GBP GfK Consumer Sentiment Feb -29 -27 -29 0:30 AUD Retail Sales M/M Jan 0.30% 0.30% -0.10% 5:00 JPY Housing Starts Y/Y Jan -1.10% -3.30% -7.30% 8:00 CHF KOF Leading Indicator Feb -0.12 -0.11 -0.17 -0.15 8:55 EUR German Unemployment Change Feb -5K -34K 8:55 EUR German Unemployment Rate Feb 6.70% 6.70% 9:30 GBP Mortgage Approvals Jan 54.0K 52.9K 9:30 GBP M4 Money Supply M/M Jan -1.40% 9:30 GBP M4 Money Supply Y/Y Jan -2.50% 10:00 EUR Eurozone CPI M/M Jan F -0.80% 0.30% 10:00 EUR Eurozone CPI Y/Y Jan F 2.70% 10:00 EUR Eurozone CPI - Core Y/Y Jan 1.70% 1.60% 13:30 USD GDP (Annualized) Q4 S 2.80% 2.80% 13:30 USD GDP Price Index Q4 S 0.40% 0.40% 14:45 USD Chicago PMI Feb 61.8 60.2 15:00 USD Fed's Bernanke Testifies on Semi-Annual Monetary Policy Report 15:30 USD Crude Oil Inventories 1.6M 19:00 USD Fed's Beige Book
Orders and Options Watch
European Session: Orders and Options Watch EUR: The single currency has risen after brief retreat in New York (after the release of strong U.S. data), offers and stops at 1.3465-75 were tripped and mixture of offers and stops at 1.3490-00 is now in focus, however, more selling interest is expected ahead of next barrier at 1.3550 with more stops placed above this level. On the downside, bids from various parties (including UK clearer and Asian names) are reported at 1.3435-40 and also at 1.3400 with stops building up below 1.3380 and also 1.3360 (large) as well as 1.3340. Full Report Here...
Forex Trade Ideas
Trade Idea: EUR/USD – Buy at 1.3420 Despite overnight brief retreat to 1.3389, renewed buying interest emerged just above the Ichimoku cloud bottom and euro has risen in late New York, suggesting recent upmove has resumed and further gain to 1.3509-16 (38.2% Fibonacci retracement of 1.4940-1.2624 and 100% projection of 1.2975-1.3293 measuring from 1.3198) would be seen, however, near term overbought condition should limit upside to previous resistance at 1.3550. Full Report Here... Trade Idea: USD/JPY – Sell at 81.45 Despite yesterday’s fall to 80.01, the subsequent bounce suggests consolidation with mild upside bias would be seen and gain to the upper Kumo (now at 80.84) cannot be ruled out, however, as top has been formed at 81.66, upside should be limited to 81.25 and renewed selling interest should emerge below 81.50, bring another decline later. A break of said support would bring retracement of recent upmove to previous support at 79.89 Full Report Here... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights Markets Steady Ahead Of The ECB's LTRO Giveaway Rally Continues Ahead Of Euro Lending Event Asia Session: The Short-Term Fate Of Risk Assets May Be Decided Tonight Fed's Semiannual Economic Update Market Awaits LTRO The ECB's LTRO Round 2 Technical Highlights USDJPY - Bearish Below 80.70 EURUSD - Another Bullish Opportunity Wednesday The Daily Forecaster: EURUSD FX Report: AUD/USD 2 Possible Market Responses to LTRO 2 & Impact of LTRO 1

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Forex Trading Software - 3 Most Important Criteria In Selecting The Best Forex Trading Software - Finance

Forex trading has developed to the extent that a forex trading software is an indispensible tool to the forex trader. The forex trader will need a forex trading software almost daily in accessing market information in real time. This information stream should be received without unnecessary delays, so that he is provided with non-stop and instantaneous information to help him conduct his trades.

So what are the criteria to follow in choosing a forex trading software?

There are three main criteria you will look out for in selecting a forex trading software, namely:

1. Type of forex trading software

2. Reliability

3. Specific personal needs

Let use look into the details of each criteria.

Type of Forex Trading Software

When looking at forex trading software, you can select between web based trading software and server based trading software.

For server based trading software, data servers are used to store website content and transactions of the users and traders. The main consideration for server based software is that of data transmission delays with currency trading software because of the Internet connection speed and the physical distance between the main server and the machine of the trader. At the same time, you need a physically well equipped computer to act as a data server. This means a one-off installation cost if you are not doing it yourself and also maintenance and upgrading costs.

In contrast, web based forex trading software, does not involve any installation in a specific server but resides on the broker's website. As a trader you merely need to log in to the website and use it. That is why the web based trading software is more popular.

Reliability

The second criteria is that of reliability.

When you select a forex trading software, pay attention to the reliability of the trading software. Reliability refers to the performance of the system to provide you instant access to the forex trading market, to check prices and movement. Check in the forums and trading chat rooms or perform due diligence on claims of the broker providing the trading software. If there are frequent complaints of trading downtime, stay away from these trading software. Another aspect of reliability is that of data delivery. Is there any undue time delays for the dissemination of both data prices and also results of fulfilment orders? Again, check this out by talking with other traders.

Specific Personal Needs

You should also assess the forex trading software based on specific personal needs.

Most forex trading software allow you to have a charting interface and to maintain trade records. However, if there are specific trading methods or strategies that involve that ability to manipulate or input specific trading indicators that is part of your trading style, then you will need to see whether the trading software can allow you to do that. For example, trading methods that uses a system of moving averages can easily be set up in most of the forex trading software available. However, if you require specific moving average indicators such as triangular moving averages or some new variations, then it is important for you to check whether such indicators are available in your forex trading software. Most forex trading software would not incorporate artificial intelligence projections, and if you are into such trading strategies, then you may need specific adds-on that must be compatible with your software.

Apply these general criteria to assess and select the forex trading software of your choice, and you will find the trading software to be a most valuable tool to assist you in earning consistent profits. In many cases, sophistication is not necessary the preferred choice, as long as the major 3 practical considerations or criteria mentioned above are met.

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Action Insight Mid-Day Report 2-28-12 (trusted: contact@actionforex.com)

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Action Insight	Candlesticks Trades	Markets Summary	Action Bias	Top Movers	Daily Technicals
Calendar	Elliott Wave Trades	Markets Volatility	Pivot Points	Heat Map	Daily Fundamentals

Action Insight Weekly Report	Markets Snapshot
Mid-Day Report: Euro Steady after Italy Auction, Awaiting Tomorrow's LTRO Euro remains steadily in range today. Italy sold EUR 3.75b in a new 10-year bond today with yield at 5.5%, notably down from 6.08% yield at last auction of similar maturity back in January. Bid to cover ratio was relatively unchanged at 1.4 times. Italy also sold EUR 2.5b in 5-year bonds today with yield at 4.19%, down from January's 5.39%. Markets are cautiously awaiting tomorrow's second ECB three year LTRO. In December, ECB loaned EUR 489b to 523 banks at interest rate of 1% in the first three year LTRO. Markets are expecting similar size this time. Full Report Here...
Featured Technical Report
USD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.8949; (P) 0.8980; (R1) 0.9024; More.... USD/CHF's consolidation from 0.8930 is still in progress and intraday bias remains neutral for the moment. While another recovery cannot be ruled out, upside should be limited by 0.9089 support turned resistance and bring another fall. Below 0.8930 will extend recent decline to 100% projection of 0.9594 to 0.9089 from 0.9300 at 0.8795. Note again that we're favoring the case that rebound from 0.7065 is finished at 0.9594 on bearish divergence condition in daily MACD and focus will remain on 0.8567 support. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised EUR German CPI M/M Feb P 0.70% 0.50% -0.40% EUR German CPI Y/Y Feb P 2.30% 2.10% 2.10% 23:50 JPY Retail Trade Y/Y Jan 1.90% -0.10% 2.50% 07:00 CHF UBS Consumption Indicator Jan 0.92 0.92 07:00 EUR German GfK Consumer Sentiment Mar 6 6 5.9 10:00 EUR Eurozone Consumer Confidence Feb F -20.3 -20.2 -20.2 10:00 EUR Eurozone Economic Confidence Feb 94.4 94 93.4 10:00 EUR Eurozone Industrial Confidence Feb -5.8 -7 -7.2 -7 10:00 EUR Eurozone Services Confidence Feb -0.9 -0.6 -0.6 -0.7 11:00 GBP CBI Reported Sales Feb -2 -12 -22 13:30 USD Durable Goods Orders Jan -4.00% -1.00% 3.00% 13:30 USD Durables Ex Transportation Jan -3.20% 0.00% 2.10% 14:00 USD S&P/Case-Shiller Composite-20 Y/Y Dec -4.00% -3.60% -3.70% 15:00 USD Consumer Confidence Feb 63 61.1
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency has continued to edge higher today on back of rebound in EUR/JPY and month-end demand in euro, however, option related offers are still noted at 1.3450-60 (related to a large 1.3450 New York cut) and some stops are placed above 1.3470, followed by mixture of offers and stops at 1.3480-90 with bigger stops placed above 1.3500 and 1.3550 option barriers. On the downside, bids from semi-official names and Middle East accounts are lined from 1.3420 down to 1.3380 with stops building up below 1.3360 and 1.3340 but fresh demand should emerge further out at 1.3290-00. Full Report Here...
Forex Trade Ideas
Trade Idea Update: USD/JPY – Sell at 81.25 Despite intra-day fall to 80.01, lack of follow through selling and the subsequent rebound suggests consolidation with mild upside bias would be seen and test of the Ichimoku cloud top (now at 80.88) cannot be ruled out, however, as top has been formed at 81.66, upside should be limited to 81.25 and bring another decline later. A break of said support would bring retracement of recent upmove to previous support at 79.89 and then towards 79.50 Full Report Here... Trade Idea: AUD/USD – Hold long entered at 1.0650 Despite yesterday’s retreat to 1.0650, as aussie found renewed buying interest there and has staged a strong rebound, retaining our bullishness and test of 1.0817 (last week’s high) would be seen but break there is needed to confirm the correction from 1.0845 has ended at 1.0597, then retest of this level would follow. Looking ahead, a break of resistance at 1.0845 would extend recent rise in wave c to 1.0900 Full Report Here... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights How Much ECB Liquidity Morphine Will Banks Demand? Market Sits and Nervously Awaits LTRO, Month End FX Range Bound Ahead Of LTRO ECB Suspends Greek Bonds As Collateral Market Sits And Nervously Awaits LTRO, Month End Technical Highlights AUDUSD: Recovering With Eyes On The 1.0842 Level US Dollar Index Trading Down Toward Key Support Near 77.50 FX Thoughts for the Day AUDUSD - Upside Break-Out Ahead

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