New Forex Account

Now, you can create an automated trading system for New Forex Account

2009-06-10T10:37:00.001+08:00

Dear New Forex Account:

Now, you can create an automated trading system and capture trade opportunities 24 hours a day.

With the Forex System Selector (FSS) you can build your own automated system by combining the best of over 40 back-tested forex trading systems.

There’s no computer coding. The systems’ goal is to take the guesswork and emotion out of your trading. And in three steps you can create your own system to:

Check: Review the performance of over 40 back-tested systems. FSS makes it easy, by displaying their track records, clearly and in detail.
Select: Pick and choose the systems that fit your criteria: profit potential, risk, and trading style (short-term, long-term).
Apply: Now you can combine the systems you have chosen and back test them as a single trading system. In this way, you can check to see if you have a diverse selection of trading strategies that fits your trading style in your portfolio.

In brief, the goal of Forex System Selector is to help you trade forex without concerns about emotional trading, or missing an overnight trade. It provides you with multiple options so that you can manage risk. Finally, since it is Web based, you can review the performance of your system from anywhere.

Unlike other automatic systems and managed funds, the FSS does not charge fees for system subscriptions, system development or software usage. However, there is a $1 commission per lot traded round turn. And you can sign up for a live account with only $2,000. Open an Account Now

To learn more, or to receive specific answers to your questions, please feel free to contact us at 1-212-201-7303, or e-mail us at systemselector@fxcm.com. Our specialists are available 7 days a week, 24 hours a day.

Best regards,

FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
1-212-201-7303
systemselector@fxcm.com

New NFA Rule Prohibits Hedging for New Forex Account

2009-05-29T09:00:00.000+08:00

Dear Client:

On May 5, 2009, we sent you an e-mail informing you that the National Futures Association (NFA) has formally prohibited Forex Dealer Members from allowing clients to hedge. Hedging is defined as taking a long and short position in the same currency pair in the same account. This e-mail serves as a reminder to our clients that NFA Compliance Rule 2-43b went into effect Sunday, May 17, 2009.

If you wish to continue hedging, you can trade through Forex Capital Markets Limited (FXCM UK), which is regulated by the Financial Services Authority in the UK.

Due to the high demand, we have extended the deadline to complete the transfer form to June 3, 2009.

If you wish to transfer your trading account to FXCM UK, please complete the one page form. Standard Account Hedging Transfer Form

Important Notice: If you completed the transfer form, your account will be operational at FXCM UK starting early June with hedging enabled.

We hope to make this transition as seamless as possible.

Please visit our special Frequently Asked Questions page designed to explain the NFA's reasons for new Compliance Rule 2-43b and to help you better understand how this rule affects your account.

If you have any questions about the new regulations, or their effect on your risk management, please don’t hesitate to call us at 1-888-503-6739, or e-mail us at info@fxcm.com.

Best regards,

FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
1-888-50-FOREX (36739)
info@fxcm.com
www.fxcm.com

Important : Forex Market Hours (Use For New Forex Account)

2009-05-07T15:38:00.000+08:00

Forex Market Hours (Use For New Forex Account)
The foreign exchange (forex or FX) currency market is not traded on a regulated exchange like stocks and commodities. Rather, the market consists of a network of financial institutions and retail trading brokers which each have their own individual hours of operation. Since most participants trade between the hours of 8:00 a.m. and 4:00 p.m. in their local time zone, these times are used as the market open and close times, respectively.
Use the Forex Market Time Converter, to view the major market open and close times in your own local time zone.

How to use the Forex Market Time Converter
The forex market is available for trading 24 hours a day, five and one-half days per week. The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light.
Here are some tips for using the Forex Market Time Converter:
Concentrate your trading activity during the trading hours for the three largest Market Centers: London, New_York, and Tokyo.
Most market activity will occur when one of these three markets open.
Some of the most active market times will occur when two or more Market Centers are open at the same time. The Forex Market Time Converter will clearly indicate when two or more markets are open by displaying multiple green "Open" indicators in the Status column.
For More Imformation visit : http://forex.timezoneconverter.com/

IMPORTANT-NEW NFA RULE PROHIBITS HEDGING FOREX (NEW FOREX ACCOUNT)

2009-05-07T08:05:00.001+08:00

Dear Client:

Our industry’s self regulatory organization in the United States, the National Futures Association (NFA), has informed all Forex Dealer Members (FDMs), which includes FXCM, that it has adopted new Compliance Rule 2-43 regarding forex trading. Read Compliance Rule 2-43

After May 15, 2009, forex customers of FDMs will no longer be allowed to open "hedged" positions in their accounts. Hedging is defined as taking a long and short position in the same currency pair in the same account. This will only affect new positions that are placed after May 15, 2009. You will be able to manage existing long and short positions.

Please be aware that if you have an existing buy (long) position on a currency pair, any new sell order placed after May 15 will offset (meaning “close”) that existing position and vice-versa for existing sell (short) positions. Watch our Video Presentation to Learn More

For additional information, please visit the “NFA No Hedging Rules” forum on DailyFX; it has been created to answer your questions. Visit Now

The NFA is prohibiting hedging because it believes that hedging eliminates any opportunity to profit on a transaction, and it increases the customer’s financial costs. The NFA's position is that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account.

While FXCM acknowledges the risks associated with hedging, and understands the NFA’s concern and obligation to protect clients, FXCM would like to extend an option to those traders wishing to continue using hedging as a strategy and who understand the underlying risks and financial costs involved.

If you wish to continue hedging, you can trade through Forex Capital Markets Limited (FXCM UK), which is regulated by the Financial Services Authority (FSA) in the UK. Learn More

If you wish to transfer your trading account to FXCM UK, please complete the one page form. Account Transfer Form

DEADLINE TO COMPLETE TRANSFER FORM: MAY 27, 2009

Important Notice: If you completed the Transfer Form, your account will be operational at FXCM UK starting early June, with hedging enabled.

Your account number and password will remain the same and your open positions will remain intact. Moving an account to FXCM UK involves some changes in deposit and withdrawal instructions, and changes in charges for transferring funds.

Since we anticipate a large number of traders moving accounts to FXCM UK for hedging, we are now completing the MYFXCM.com infrastructure to support the additional account volume at our FXCM UK entity. We expect MYFXCM.com to be operational by early June.

Funding an FXCM UK account: Credit card funding will be available by the end of May 2009. In the interim, you can deposit and withdraw through the following links:
Deposits | Withdrawals

If you have any questions about the new regulations, or their effect on your risk management, please don’t hesitate to call us at 1-888-503-6739, or e-mail us at info@fxcm.com.

We look forward to serving you.

Best regards,

FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
1-888-50-FOREX (36739)
info@fxcm.com
www.fxcm.com

Regulatory Updates

NFA Hedging Rule Excerpt and Explanation

Notice to Members I-09-10 - Hedging
April 13, 2009

Effective Date of NFA Requirements Regarding Forex Orders

The NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009.

The NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).

http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273

MAKE MONEY WITH FOREX JUST BY CLICKING.ERN LIKE PROFESIONAL.100 % AUTOMATIC

2009-05-06T10:59:00.003+08:00

How can YOU Earn Thousands of Dollars Each Day?
Simple - you need a mouse, Internet and $6 and ... YOU COULD BE MAKING THOUSANDS!

All you have to do is ... CLICK! Yes - it's THAT SIMPLE! Click...$500, Click...$1000 - Easy, right?

FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.

As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 2 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
What do you need to make money with Forex Automoney?

1. First thing you need to trade Forex is a computer (PC or MAC) with Internet connection. You have a computer, right? It can even be a computer in an Internet cafe or library - it doesn't matter.

2. The second thing is money of course. You must sell or buy other currencies using your money. But all you need is $1! Yes - you can start trading with just ONE DOLLAR! You also need our membership but now we have a promotion now and it's dirty cheap!

3. The third, and the last needed is a knowledge when to sell or buy.

There are thousands of manuals about Forex, technical analysis, thousands of guys who tells you how you should to trade. But they all make trading very complicated and - let's be honest - those systems and manuals gives you NOTHING and they just do not work.

What is REALLY SIMPLE are so-called ready to use signals: "buy now" or "sell now". That's what's best and that's what we give you. You don't have to think anymore - just buy or sell when we tell you. That's all!

So let's sum it up:

* you need access to the Internet (you have it already)
* a little money (even ONE DOLLAR - we're sure you have it)
* and our membership.

That's all you need to make money 100% automatically.
And you can start making money right now.

Additionally, it takes only a few minutes per day to do the work! All you have to do is to log in, read the signal and click to trade. That's all!
How Forex Automoney works?
Our financial specialists, mathematicians and programmers have developed an innovative intelligent software which automatically analyzes currencies markets and determines when to buy or sell. It can generate signals in 3 timeframes:

* intraday - 6 times a day a buy or sell message is generated
* daily - signals are generated once a day
* weekly - using these signals you can trade once a week

Of course you can use all 3 systems - you can trade intradaily and daily and weekly! This maximizes your profits. For example, if you want to trade with $3 - you can divide it and trade $1 intradaily, $1 daily and $1 weekly. That's very simple.
Of course signals are generated for all major currency pairs, and using all of them also maximizes your profits.

Here is an example based on an actual signal generated from our Forex trading system:

Currency Pair:
Type of Trade:
Time to Enter:
Get Profit:
Stop Loss:
EUR/USD
BUY
10:00 PM EST
120 Pips
50 Pips

In this trade we recorded a 120 pips profit! This equals to over $1000 trading 1 standard lot or $100 trading 1 mini lot. It only took a minute to enter the trade!
Will Forex Automoney work for you?
Yes, absolutely! With Forex Automoney everyone can earn every day! Our system is working in all countries of the world. Absolutely everywhere! Also you can be absolute newbie to use our system - you don't have to know ANYTHING about trading and you don't have to have ANY experience. That's really simple.

We have successful members from all countries of the world and they are full time workers, students, single moms, retired persons, unemployed - just everybody. Because our system works everywhere and for everybody! And will also work for you.

You can work from any country in the world

ANALYSIS EURCAD : 2009.05.06 05:14:59 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:47:00.001+08:00

PIVOT AREA
R-4
1.5878
R-3
1.5835
R-2
1.5792
R-1
1.5726
Pivot
1.5683
S-1
1.5617
S-2
1.5574
S-3
1.5508
S-4
1.5442

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
DOWN
S T O C H
UP
WILLIAM
DOWN

TODAY STATUS
Today Range
: 41 pips
Yesterday Range
: 109 pips
Average Range
: 168 pips

WSSFX SIGNAL
BUY: 1.5749, TP: 1.5902, SL: 1.5641
SELL: 1.5641, TP: 1.5578, SL: 1.5749

ANALYSIS EURAUD : 2009.05.06 05:14:58 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:46:00.002+08:00

PIVOT AREA
R-4
1.8434
R-3
1.8339
R-2
1.8243
R-1
1.8096
Pivot
1.8000
S-1
1.7853
S-2
1.7757
S-3
1.7610
S-4
1.7462

TREND INDICATOR
A D X
DOWN
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
UP
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 120 pips
Yesterday Range
: 243 pips
Average Range
: 269 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 1.8046, TP: 1.8243, SL: 1.7889
SELL: 1.7889, TP: 1.7772, SL: 1.8046

ANALYSIS GBPCHF : 2009.05.06 05:14:59 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:46:00.001+08:00

PIVOT AREA
R-4
1.7502
R-3
1.7369
R-2
1.7237
R-1
1.7157
Pivot
1.7025
S-1
1.6945
S-2
1.6813
S-3
1.6733
S-4
1.6654

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
DOWN
M A C D
DOWN
R S I
UP
S T O C H
UP
WILLIAM
UP

TODAY STATUS
Today Range
: 41 pips
Yesterday Range
: 212 pips
Average Range
: 203 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 1.7124, TP: 1.7306, SL: 1.6992
SELL: 1.6992, TP: 1.6910, SL: 1.7124

ANALYSIS AUDUSD : 2009.05.06 05:14:46 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:45:00.001+08:00

PIVOT AREA
R-4
0.7626
R-3
0.7576
R-2
0.7527
R-1
0.7474
Pivot
0.7425
S-1
0.7372
S-2
0.7323
S-3
0.7270
S-4
0.7218

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
BREAKDOWN
P SAR
DOWN
M A C D
DOWN
R S I
OVERSOLD
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 89 pips
Yesterday Range
: 102 pips
Average Range
: 129 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 0.7448, TP: 0.7547, SL: 0.7374
SELL: 0.7374, TP: 0.7325, SL: 0.7448

ANALYSIS USDCAD : 2009.05.06 05:14:16 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:44:00.000+08:00

PIVOT AREA
R-4
1.1974
R-3
1.1912
R-2
1.1851
R-1
1.1800
Pivot
1.1739
S-1
1.1688
S-2
1.1627
S-3
1.1576
S-4
1.1526

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
UP
S T O C H
UP
WILLIAM
UP

TODAY STATUS
Today Range
: 66 pips
Yesterday Range
: 112 pips
Average Range
: 152 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 1.1799, TP: 1.1891, SL: 1.1732
SELL: 1.1732, TP: 1.1690, SL: 1.1799

ANALYSIS GBPJPY : 2009.05.06 05:14:55 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:43:00.002+08:00

PIVOT AREA
R-4
153.19
R-3
152.07
R-2
150.95
R-1
150.03
Pivot
148.91
S-1
147.99
S-2
146.87
S-3
145.95
S-4
145.03

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
BREAKDOWN
P SAR
DOWN
M A C D
DOWN
R S I
DOWN
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 213 pips
Yesterday Range
: 204 pips
Average Range
: 273 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 149.67, TP: 151.08, SL: 148.71
SELL: 148.71, TP: 148.20, SL: 149.67

ANALYSIS EURJPY : 2009.05.06 05:14:54 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:43:00.001+08:00

PIVOT AREA
R-4
134.28
R-3
133.78
R-2
133.29
R-1
132.50
Pivot
132.01
S-1
131.22
S-2
130.73
S-3
129.94
S-4
129.16

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
BREAKDOWN
P SAR
DOWN
M A C D
DOWN
R S I
OVERSOLD
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 190 pips
Yesterday Range
: 128 pips
Average Range
: 206 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 132.26, TP: 133.29, SL: 131.43
SELL: 131.43, TP: 130.80, SL: 132.26

ANALYSIS USDCHF : 2009.05.06 05:14:48 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:42:00.000+08:00

PIVOT AREA
R-4
1.1553
R-3
1.1489
R-2
1.1424
R-1
1.1373
Pivot
1.1308
S-1
1.1257
S-2
1.1192
S-3
1.1141
S-4
1.1089

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
OVERBOUGHT
S T O C H
UP
WILLIAM
UP

TODAY STATUS
Today Range
: 68 pips
Yesterday Range
: 116 pips
Average Range
: 140 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 1.1366, TP: 1.1509, SL: 1.1238
SELL: 1.1238, TP: 1.1125, SL: 1.1366

ANALYSIS USDJPY : 2009.05.06 05:14:58 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:41:00.002+08:00

PIVOT AREA
R-4
100.03
R-3
99.75
R-2
99.48
R-1
99.15
Pivot
98.88
S-1
98.55
S-2
98.28
S-3
97.95
S-4
97.63

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
BREAKDOWN
P SAR
DOWN
M A C D
DOWN
R S I
DOWN
S T O C H
UP
WILLIAM
DOWN

TODAY STATUS
Today Range
: 93 pips
Yesterday Range
: 60 pips
Average Range
: 106 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 99.17, TP: 99.89, SL: 98.60
SELL: 98.60, TP: 98.18, SL: 99.17

ANALYSIS EURUSD : 2009.05.06 05:14:37 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:41:00.001+08:00

PIVOT AREA
R-4
1.3640
R-3
1.3572
R-2
1.3505
R-1
1.3417
Pivot
1.3350
S-1
1.3262
S-2
1.3195
S-3
1.3107
S-4
1.3020

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
OVERSOLD
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 86 pips
Yesterday Range
: 155 pips
Average Range
: 174 pips

NEW FOREX ACCOUNT SIGNAL
BUY: 1.3439, TP: 1.3610, SL: 1.3278
SELL: 1.3278, TP: 1.3127, SL: 1.3439

2009.05.06 05:14:46 (GMT+2) NEW FOREX ACCOUNT

2009-05-06T10:13:00.002+08:00

PIVOT AREA
R-4
1.5452
R-3
1.5355
R-2
1.5259
R-1
1.5173
Pivot
1.5077
S-1
1.4991
S-2
1.4895
S-3
1.4809
S-4
1.4724

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
OVERSOLD
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 97 pips
Yesterday Range
: 182 pips
Average Range
: 200 pips

WSSFX SIGNAL
BUY: 1.5136, TP: 1.5259, SL: 1.5033
SELL: 1.5033, TP: 1.4950, SL: 1.5136

ANALYSIS EURCAD : 2009.05.05 04:14:55 (GMT+2) NEW FOREX ACCOUNT

2009-05-05T10:28:00.000+08:00

PIVOT AREA
R-4
1.5989
R-3
1.5920
R-2
1.5850
R-1
1.5783
Pivot
1.5713
S-1
1.5646
S-2
1.5576
S-3
1.5509
S-4
1.5441

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
UP
M A C D
UP
R S I
DOWN
S T O C H
UP
WILLIAM
UP

TODAY STATUS
Today Range
: 49 pips
Yesterday Range
: 137 pips
Average Range
: 182 pips

SIGNAL NEW FOREX ACCOUNT
BUY: 1.5767, TP: 1.5885, SL: 1.5694
SELL: 1.5694, TP: 1.5666, SL: 1.5767

HOURLY ANALYSIS EURAUD : 2009.05.05 04:14:55 (GMT+2) NEW FOREX ACCOUNT

2009-05-05T10:27:00.002+08:00

PIVOT AREA
R-4
1.8416
R-3
1.8328
R-2
1.8240
R-1
1.8175
Pivot
1.8087
S-1
1.8022
S-2
1.7934
S-3
1.7869
S-4
1.7804

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
UP
S T O C H
UP
WILLIAM
UP

TODAY STATUS
Today Range
: 93 pips
Yesterday Range
: 153 pips
Average Range
: 257 pips

SIGNAL NEW FOREX ACCOUNT
BUY: 1.8168, TP: 1.8311, SL: 1.8065
SELL: 1.8065, TP: 1.8002, SL: 1.8168

HOURLY ANALYSIS GBPCHF : 2009.05.05 04:14:57 (GMT+2) NEW FOREX ACCOUNT

2009-05-05T10:27:00.001+08:00

PIVOT AREA
R-4
1.7147
R-3
1.7094
R-2
1.7040
R-1
1.6977
Pivot
1.6923
S-1
1.6860
S-2
1.6806
S-3
1.6743
S-4
1.6679

TREND INDICATOR
A D X
UP
M A
DOWN
C C I
UP
B BANDS
UP
P SAR
DOWN
M A C D
UP
R S I
DOWN
S T O C H
DOWN
WILLIAM
DOWN

TODAY STATUS
Today Range
: 32 pips
Yesterday Range
: 117 pips
Average Range
: 187 pips

SIGNAL NEW FOREX ACCOUNT
BUY: 1.6956, TP: 1.7112, SL: 1.6850
SELL: 1.6850, TP: 1.6794, SL: 1.6956

HOURLY ANALYSIS AUDUSD : 2009.05.05 04:14:58 (GMT+2) New Forex Account

2009-05-05T10:26:00.000+08:00

PIVOT AREA
R-4
0.7593
R-3
0.7532
R-2
0.7470
R-1
0.7435
Pivot
0.7373
S-1
0.7338
S-2
0.7276
S-3
0.7241
S-4
0.7205

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
DOWN
R S I
DOWN
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 40 pips
Yesterday Range
: 97 pips
Average Range
: 130 pips

SIGNAL NEW FOREX ACCOUNT
BUY: 0.7419, TP: 0.7507, SL: 0.7356
SELL: 0.7356, TP: 0.7318, SL: 0.7419

HOURLY ANALYSIS USDCAD : 2009.05.05 03:14:46 (GMT+2) new forex account

2009-05-05T10:25:00.000+08:00

PIVOT AREA
R-4
1.2071
R-3
1.2013
R-2
1.1955
R-1
1.1839
Pivot
1.1781
S-1
1.1665
S-2
1.1607
S-3
1.1491
S-4
1.1375

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
DOWN
S T O C H
UP
WILLIAM
DOWN

TODAY STATUS
Today Range
: 20 pips
Yesterday Range
: 174 pips
Average Range
: 165 pips

SIGNAL new forex account
BUY: 1.1907, TP: 1.2131, SL: 1.1708
SELL: 1.1708, TP: 1.1534, SL: 1.1907

HOURLY ANALYSIS GBPJPY : 2009.05.05 04:14:57 (GMT+2)new forex account

2009-05-05T10:24:00.002+08:00

PIVOT AREA
R-4
151.88
R-3
150.95
R-2
150.02
R-1
149.17
Pivot
148.24
S-1
147.39
S-2
146.46
S-3
145.61
S-4
144.76

TREND INDICATOR
A D X
DOWN
M A
UP
C C I
DOWN
B BANDS
DOWN
P SAR
UP
M A C D
DOWN
R S I
DOWN
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 62 pips
Yesterday Range
: 178 pips
Average Range
: 277 pips

WSSFX SIGNAL
BUY: 148.98, TP: 150.79, SL: 147.62
SELL: 147.62, TP: 146.71, SL: 148.98

HOURLY ANALYSIS EURJPY : 2009.05.05 04:14:57 (GMT+2) new forex account

2009-05-05T10:24:00.001+08:00

PIVOT AREA
R-4
135.51
R-3
134.63
R-2
133.74
R-1
133.09
Pivot
132.20
S-1
131.55
S-2
130.66
S-3
130.01
S-4
129.35

TREND INDICATOR
A D X
DOWN
M A
UP
C C I
DOWN
B BANDS
DOWN
P SAR
UP
M A C D
DOWN
R S I
DOWN
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 53 pips
Yesterday Range
: 154 pips
Average Range
: 221 pips

WSSFX SIGNAL
BUY: 132.83, TP: 133.81, SL: 132.05
SELL: 132.05, TP: 131.47, SL: 132.83

HOURLY ANALYSIS USDCHF : 2009.05.05 04:14:59 (GMT+2)new forex account

2009-05-05T10:23:00.002+08:00

PIVOT AREA
R-4
1.1603
R-3
1.1542
R-2
1.1482
R-1
1.1373
Pivot
1.1313
S-1
1.1204
S-2
1.1144
S-3
1.1035
S-4
1.0927

TREND INDICATOR
A D X
UP
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
UP
S T O C H
UP
WILLIAM
DOWN

TODAY STATUS
Today Range
: 38 pips
Yesterday Range
: 169 pips
Average Range
: 153 pips

WSSFX SIGNAL
BUY: 1.1298, TP: 1.1370, SL: 1.1241
SELL: 1.1241, TP: 1.1199, SL: 1.1298

HOURLY ANALYSIS USDJPY : 2009.05.05 04:14:56 (GMT+2) new forex account

2009-05-05T10:23:00.001+08:00

PIVOT AREA
R-4
100.44
R-3
100.14
R-2
99.85
R-1
99.31
Pivot
99.02
S-1
98.48
S-2
98.19
S-3
97.65
S-4
97.12

TREND INDICATOR
A D X
DOWN
M A
DOWN
C C I
DOWN
B BANDS
DOWN
P SAR
DOWN
M A C D
DOWN
R S I
DOWN
S T O C H
UP
WILLIAM
DOWN

TODAY STATUS
Today Range
: 24 pips
Yesterday Range
: 83 pips
Average Range
: 115 pips

WSSFX SIGNAL
BUY: 99.56, TP: 100.61, SL: 98.66
SELL: 98.66, TP: 97.91, SL: 99.56

HOURLY ANALYSIS EURUSD : 2009.05.05 04:14:59 (GMT+2) new forex account

2009-05-05T10:22:00.001+08:00

PIVOT AREA
R-4
1.3830
R-3
1.3695
R-2
1.3559
R-1
1.3483
Pivot
1.3347
S-1
1.3271
S-2
1.3135
S-3
1.3059
S-4
1.2982

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
DOWN
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 58 pips
Yesterday Range
: 212 pips
Average Range
: 187 pips

WSSFX SIGNAL
BUY: 1.3441, TP: 1.3532, SL: 1.3360
SELL: 1.3360, TP: 1.3289, SL: 1.3441

GBPUSD : 2009.05.05 04:14:43 (GMT+2) new forex Account

2009-05-05T10:01:00.002+08:00

Chart GBPUSD(1H)

PIVOT AREA
R-4
1.5389
R-3
1.5266
R-2
1.5144
R-1
1.5079
Pivot
1.4957
S-1
1.4892
S-2
1.4770
S-3
1.4705
S-4
1.4641

TREND INDICATOR
A D X
UP
M A
UP
C C I
UP
B BANDS
UP
P SAR
UP
M A C D
UP
R S I
DOWN
S T O C H
DOWN
WILLIAM
UP

TODAY STATUS
Today Range
: 52 pips
Yesterday Range
: 187 pips
Average Range
: 202 pips

WSSFX SIGNAL
BUY: 1.5055, TP: 1.5186, SL: 1.4944
SELL: 1.4944, TP: 1.4853, SL: 1.5055

HOURLY ANALYSIS EURCAD : 2009.05.04 11:14:07 (GMT+2)

2009-05-04T16:45:00.002+08:00

PIVOT AREA
R-4		1.6006
R-3		1.5950
R-2		1.5895
R-1		1.5810
Pivot		1.5755
S-1		1.5670
S-2		1.5615
S-3		1.5530
S-4		1.5446

TREND INDICATOR
A D X		DOWN
M A		DOWN
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		UP
R S I		UP
S T O C H		UP
WILLIAM		DOWN

TODAY STATUS
Today Range		: 79 pips
Yesterday Range		: 140 pips
Average Range		: 189 pips

WSSFX SIGNAL
BUY: 1.5770, TP: 1.5891, SL: 1.5694
SELL: 1.5694, TP: 1.5663, SL: 1.5770

HOURLY ANALYSIS EURAUD : 2009.05.04 11:14:58 (GMT+2)

2009-05-04T16:45:00.001+08:00

PIVOT AREA
R-4		1.8515
R-3		1.8436
R-2		1.8357
R-1		1.8258
Pivot		1.8179
S-1		1.8080
S-2		1.8001
S-3		1.7902
S-4		1.7803

TREND INDICATOR
A D X		DOWN
M A		DOWN
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		UP
R S I		DOWN
S T O C H		UP
WILLIAM		DOWN

TODAY STATUS
Today Range		: 94 pips
Yesterday Range		: 178 pips
Average Range		: 278 pips

WSSFX SIGNAL
BUY: 1.8149, TP: 1.8308, SL: 1.8030
SELL: 1.8030, TP: 1.7951, SL: 1.8149

HOURLY ANALYSIS GBPCHF : 2009.05.04 11:14:04 (GMT+2)

2009-05-04T16:44:00.000+08:00

PIVOT AREA
R-4		1.7277
R-3		1.7173
R-2		1.7070
R-1		1.7004
Pivot		1.6901
S-1		1.6835
S-2		1.6732
S-3		1.6666
S-4		1.6601

TREND INDICATOR
A D X		DOWN
M A		UP
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		DOWN
R S I		DOWN
S T O C H		DOWN
WILLIAM		DOWN

TODAY STATUS
Today Range		: 64 pips
Yesterday Range		: 169 pips
Average Range		: 211 pips

WSSFX SIGNAL
BUY: 1.7002, TP: 1.7128, SL: 1.6921
SELL: 1.6921, TP: 1.6885, SL: 1.7002

HOURLY ANALYSIS AUDUSD : 2009.05.04 11:14:32 (GMT+2)

2009-05-04T16:43:00.004+08:00

PIVOT AREA
R-4		0.7508
R-3		0.7453
R-2		0.7399
R-1		0.7349
Pivot		0.7295
S-1		0.7245
S-2		0.7191
S-3		0.7141
S-4		0.7092

TREND INDICATOR
A D X		UP
M A		UP
C C I		UP
B BANDS		UP
P SAR		UP
M A C D		UP
R S I		UP
S T O C H		UP
WILLIAM		UP

TODAY STATUS
Today Range		: 71 pips
Yesterday Range		: 104 pips
Average Range		: 138 pips

WSSFX SIGNAL
BUY: 0.7388, TP: 0.7469, SL: 0.7332
SELL: 0.7332, TP: 0.7301, SL: 0.7388

HOURLY ANALYSIS USDCAD : 2009.05.04 11:14:09 (GMT+2)

2009-05-04T16:43:00.003+08:00

PIVOT AREA
R-4		1.2097
R-3		1.2048
R-2		1.2000
R-1		1.1927
Pivot		1.1879
S-1		1.1806
S-2		1.1758
S-3		1.1685
S-4		1.1613

TREND INDICATOR
A D X		DOWN
M A		DOWN
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		UP
R S I		UP
S T O C H		DOWN
WILLIAM		DOWN

TODAY STATUS
Today Range		: 81 pips
Yesterday Range		: 121 pips
Average Range		: 156 pips

WSSFX SIGNAL
BUY: 1.1834, TP: 1.1906, SL: 1.1787
SELL: 1.1787, TP: 1.1765, SL: 1.1834

HOURLY ANALYSIS GBPJPY : 2009.05.04 11:14:09 (GMT+2)

2009-05-04T16:43:00.001+08:00

PIVOT AREA
R-4		153.49
R-3		151.77
R-2		150.05
R-1		149.02
Pivot		147.30
S-1		146.27
S-2		144.55
S-3		143.52
S-4		142.49

TREND INDICATOR
A D X		DOWN
M A		UP
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		DOWN
R S I		DOWN
S T O C H		DOWN
WILLIAM		DOWN

TODAY STATUS
Today Range		: 122 pips
Yesterday Range		: 275 pips
Average Range		: 307 pips

WSSFX SIGNAL
BUY: 149.09, TP: 151.09, SL: 147.54
SELL: 147.54, TP: 146.44, SL: 149.09

HOURLY ANALYSIS EURJPY : 2009.05.04 11:14:58 (GMT+2)

2009-05-04T16:42:00.002+08:00

PIVOT AREA
R-4		135.76
R-3		134.62
R-2		133.47
R-1		132.57
Pivot		131.42
S-1		130.52
S-2		129.37
S-3		128.47
S-4		127.56

TREND INDICATOR
A D X		UP
M A		UP
C C I		UP
B BANDS		UP
P SAR		UP
M A C D		DOWN
R S I		DOWN
S T O C H		DOWN
WILLIAM		UP

TODAY STATUS
Today Range		: 117 pips
Yesterday Range		: 205 pips
Average Range		: 241 pips

WSSFX SIGNAL
BUY: 132.70, TP: 133.49, SL: 132.11
SELL: 132.11, TP: 131.72, SL: 132.70

HOURLY ANALYSIS USDCHF : 2009.05.04 11:14:56 (GMT+2)

2009-05-04T16:42:00.001+08:00

PIVOT AREA
R-4		1.1524
R-3		1.1488
R-2		1.1452
R-1		1.1406
Pivot		1.1370
S-1		1.1324
S-2		1.1288
S-3		1.1242
S-4		1.1196

TREND INDICATOR
A D X		UP
M A		DOWN
C C I		UP
B BANDS		DOWN
P SAR		UP
M A C D		UP
R S I		UP
S T O C H		DOWN
WILLIAM		DOWN

TODAY STATUS
Today Range		: 57 pips
Yesterday Range		: 82 pips
Average Range		: 137 pips

WSSFX SIGNAL
BUY: 1.1369, TP: 1.1427, SL: 1.1326
SELL: 1.1326, TP: 1.1298, SL: 1.1369

HOURLY ANALYSIS USDJPY : 2009.05.04 11:14:43 (GMT+2)

2009-05-04T16:41:00.001+08:00

PIVOT AREA
R-4		101.35
R-3		100.75
R-2		100.16
R-1		99.70
Pivot		99.11
S-1		98.65
S-2		98.06
S-3		97.60
S-4		97.15

TREND INDICATOR
A D X		UP
M A		UP
C C I		DOWN
B BANDS		DOWN
P SAR		UP
M A C D		DOWN
R S I		DOWN
S T O C H		DOWN
WILLIAM		UP

TODAY STATUS
Today Range		: 44 pips
Yesterday Range		: 105 pips
Average Range		: 122 pips

WSSFX SIGNAL
BUY: 99.60, TP: 100.30, SL: 99.05
SELL: 99.05, TP: 98.65, SL: 99.60

HOURLY ANALYSIS EURUSD : 2009.05.04 11:14:56 (GMT+2)

2009-05-04T16:40:00.000+08:00

PIVOT AREA
R-4		1.3485
R-3		1.3433
R-2		1.3380
R-1		1.3323
Pivot		1.3270
S-1		1.3213
S-2		1.3160
S-3		1.3103
S-4		1.3045

TREND INDICATOR
A D X		DOWN
M A		UP
C C I		UP
B BANDS		UP
P SAR		UP
M A C D		DOWN
R S I		DOWN
S T O C H		UP
WILLIAM		UP

TODAY STATUS
Today Range		: 82 pips
Yesterday Range		: 110 pips
Average Range		: 167 pips

WSSFX SIGNAL
BUY: 1.3350, TP: 1.3420, SL: 1.3290
SELL: 1.3290, TP: 1.3240, SL: 1.3350

HOURLY ANALYSIS GBPUSD : 2009.05.04 11:14:15 (GMT+2)

2009-05-04T16:36:00.002+08:00

PIVOT AREA
R-4		1.5269
R-3		1.5157
R-2		1.5044
R-1		1.4978
Pivot		1.4865
S-1		1.4799
S-2		1.4686
S-3		1.4620
S-4		1.4553

TREND INDICATOR
A D X		DOWN
M A		UP
C C I		DOWN
B BANDS		DOWN
P SAR		DOWN
M A C D		DOWN
R S I		DOWN
S T O C H		DOWN
WILLIAM		DOWN

TODAY STATUS
Today Range		: 74 pips
Yesterday Range		: 179 pips
Average Range		: 204 pips

WSSFX SIGNAL
BUY: 1.4987, TP: 1.5176, SL: 1.4818
SELL: 1.4818, TP: 1.4669, SL: 1.4987

		Update EveryHo

GBP/USD 10.02.2009

2009-02-10T16:51:00.001+08:00

Date: 2009/02/10
Time: 07:30 (GMT +2)
Ticker: GBP
Last: 1.4831
Pivot: 1.47
1st sup. 1.47
2nd sup. 1.46
3rd sup. 1.45
1st res. 1.498
2nd res. 1.51
3rd res. 1.5245

Title: GBP/USD intraday: rebound expected.
Summary: Update on supports and resistances.
Story: Pivot: 1.4700.

Our Preference: LONG positions @ 1.471 with 1.498 & 1.51 as next targets.

Alternative scenario: The downside penetration of 1.47 will call for 1.46 & 1.45.

Comment: the RSI is on the downside, the pair should pull back on its MT bullish channel lower boundary ahead of a rebound.

Trend: ST Consolidation; MT Bearish

Key levels Comment

1.5245** Intraday resistance
1.51** Intraday resistance
1.498** Intraday resistance
1.4831 Last
1.47** Intraday pivot point
1.46** Intraday support
1.45** Intraday support

USD/JPY 10.02.2009

2009-02-10T16:48:00.001+08:00

Date: 2009/02/10
Time: 07:33 (GMT +2)
Ticker: JPY
Last: 91.38
Pivot: 91
1st sup. 91
2nd sup. 90.75
3rd sup. 90.25
1st res. 91.75
2nd res. 92.25
3rd res. 92.6

Title: USD/JPY intraday: limited upside.
Summary: Update on supports and resistances.
Story: Pivot: 91.00.

Our Preference: LONG positions @ 91.07 with targets @ 91.75 & 92.25.

Alternative scenario: The downside breakout of 91 will open the way to 90.75 & 90.25.

Comment: the pair should rebound on its wide bullish channel lower boundary, the RSI is turning up.

Trend: ST Ltd Upside; MT Range

Key levels Comment

92.6** Intraday resistance
92.25** Intraday resistance
91.75** Intraday resistance
91.38 Last
91** Intraday pivot point
90.75** Intraday support
90.25** Intraday support

EUR/USD 10.02.2009

2009-02-10T16:43:00.002+08:00

Date: 2009/02/10
Time: 07:27 (GMT +2)
Ticker: EUR
Last: 1.2858
Pivot: 1.295
1st sup. 1.28
2nd sup. 1.2745
3rd sup. 1.27
1st res. 1.295
2nd res. 1.3
3rd res. 1.3095

Title: EUR/USD intraday: the downside prevails.
Summary: Update on supports and resistances.
Story: Pivot: 1.2950.
Our Preference: SHORT positions @ 1.294 with 1.28 & 1.2745 as next targets.

Alternative scenario: The upside penetration of 1.295 will call for 1.3 & 1.3095.

Comment: the pair is on the downside and is approaching its next support, the RSI is under pressure and advocates for further decline.

Trend: ST Ltd Upside; MT Bearish

Key levels Comment

1.3095** Intraday resistance
1.3** Intraday resistance
1.295** Intraday pivot point
1.2858 Last
1.28** Intraday support
1.2745** Intraday support
1.27** Intraday support

FXCM Trading Station II SETTING (New Forex Account)

2009-01-12T11:02:00.001+08:00

Please key in this setting.
User Guide New Forex Account

1) Open FXCM Trading Station II
2) Go to System then click “Proxy Settings”.
3) Click “Next” and then check on ‘Use Proxy’ setting on the field says ‘Host’, please key in “59.152.220.221” and the Port is “3128”.
4) Click “Next” and “Finish” to finish
5) Restart FXCM Trading Station II once the setting is finish.
Good luck in trading your New Forex Account.

How To Use Forex Real Time Signal-New Forex Account

2009-01-05T22:23:00.005+08:00

My blog feature the highest quality live real-time of trading opportunities available. Forex market participants are active 24 hours a day and seven days a week. The free forex signal trading provide a high level of support to foreign exchange traders of all experience levels. Members from novice to professional come together from over 160 countries in a friendly, non-intimidating environment to form a special community to create one Real Time Signal special for Newbiu.
-----------------------------------------------------------
My friend ask me how to use the real time Forex Signal, place at sidebar. The problem is, all signal alert at GMT+1 (Berlin Time) and for other country such as (Kuala Lumpur)is use GMT+8. For example,

How to Convert TIme

Alert TIme GMT+1 1.33
Difference Time is 7 Hour (GMT+8 minus GMT+1)

So 1.33 + 7 hours = 8.33 am (Kuala Lumpur Time)

What to do is :

1.wakup early morning and find new Real time Forex Signal for today..
2.Open your MT4 and Platform trader
3.Create market order / entry order
4.Set your entry order. Put target and limit.

Tired-Drink Nescafe

2009-01-05T15:57:00.000+08:00

Tak Nak Or No IDea

2009-01-03T10:34:00.002+08:00

market still close..weekends for traders just spend time for family or others activity..for me, i ,ve got a lot to do ..planting & fishing with my 2 daughters.. he..he

HOLIDAY

2008-12-31T13:43:00.003+08:00

Fuhhh..today and untill 2 Jan 2009 is holiday for forex market, But i'm still waiting 2nd Jan 2009 for start my trading session. Just today i look my email and refer a few trading strategies for upgrade my performance. I hope new years is good for me.

NEW YEARS
Dec. 31 - Closed at 2 pm EST
Jan. 1 - Closed
Jan. 2 - Trading begins at 2 am EST

Forex Market Account Comparison - Forex vs Stock

2008-12-23T16:01:00.003+08:00

The forex market is a near-seamless 24-hour market. Subject to available liquidity, FXCM offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (FXCM Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

How To Open A Trading Forex Account

2008-12-23T15:57:00.001+08:00

How to Open A Trading Account

Step 1: Click http://secure2.fxcorporate.com/fxtr/?ib=PowerTradeFX

Choose which type of account you want to open
Choose Individual Account
Click Open an Account

Mini Account (USD Mini Account)
-Minimum initial deposit is USD300
-Each lot opened is equal to USD50 (The capital is returned back with additional profit if your position you open is profitable)
-1 pip is equal to 1 usd (different among pairs)

Step 2: Fill in your personal contact information/data at the provided spaces.

Step 3: Fill in your employment and bank information

Click Continue after filling in all required field.

Step 4: Fill in your Trading and Financial information

Click Continue

Step 5: Choose your password. You are free to choose the password you want. Please note that the password must be the combination of one upper case letter, one lower case letter and one number.

Fill in the name of PowerTradeFX at the referring agent field to inform FXCM that you are registered under RB PowerTradeFX.

Read & Click “YES” for all Customer Agreements:

Click Continue after you finish.

Click proceed

Next, you will see the SUBMISSION page for submitting the completed forms.

Please check all the displayed information in the webpage below. If you are satisfied, click the “Submit” button to complete your application.

If you have seen the webpage as below means your trading application has been submitted and will be processed.

To activate your account, you have to send two documents:
a. A copy of your identity card or passport or driving license (front and back)
b. Proof of residence or proof of current address. (A copy of electricity or water bill or bank statement) with your name and address on it.

You could fax to FXCM at the fax number provided or to be more convenient just scan and send the scanned document to newaccounts@fxcm.com or admin@fxcm.com

The process of opening account is done. FXCM representative will contact you between 2 – 3 working days for verification of information you have submitted.

The FXCM representative will inform you if your application succeeded and have been approved. Your application status will be informed via email. When the application have been processed and approved, you will be given Login ID and password that will enable you to logging in to FXCM Trade Station II and start Forex trading account.

View Platform FXCM For Forex Account

2008-12-23T15:51:00.003+08:00

Fxcm The best Choice For trade..i think that. this example my trading station account..just wait 5 minute and then i've got good news...taraaaaa

Signal For Newbiu Forex Account

2008-12-23T11:19:00.001+08:00

I hope this forum can help newbiu forex account trader

http://www.global-view.com/forums/forum.html?f=1

Forex Account - dont use this chart

2008-12-23T11:08:00.003+08:00

What happen on this graph...just find the simple method to trade with your forex account

MT4 After Open Forex Account

2008-12-23T10:57:00.005+08:00

MetaTrader 4 is an online trading complex designed to provide broker services to customers at Forex, Futures and CFD markets.This is a whole-cycle complex, which means that you will not need any other software to organize your broker services when using MetaTrader 4.

Online trading platform MetaTrader 4 includes:

After Download MT4 you can see chart pattern market..just put indicator to reconfirm your trade. Use your demo account or real account from FXCM or another platform..

Candle Stick Pattern Before Open Forex Account

2008-12-23T10:44:00.003+08:00

History Candle Stick Pattern Before Open Forex Account

The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar:

The "what" (price action) is more important than the "why" (news, earnings, and so on).
All known information is reflected in the price.
Buyers and sellers move markets based on expectations and emotions (fear and greed).
Markets fluctuate.
The actual price may not reflect the underlying value.

According to Steve Nison, candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that we use today.

Formation

In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called "the body" (also referred to as "the real body"). The long thin lines above and below the body represent the high/low range and are called "shadows" (also referred to as "wicks" and "tails"). The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. If the stock closes higher than its opening price, a hollow candlestick is drawn with the bottom of the body representing the opening price and the top of the body representing the closing price. If the stock closes lower than its opening price, a filled candlestick is drawn with the top of the body representing the opening price and the bottom of the body representing the closing price.

Compared to traditional bar charts, many traders consider candlestick charts more visually appealing and easier to interpret. Each candlestick provides an easy-to-decipher picture of price action. Immediately a trader can see compare the relationship between the open and close as well as the high and low. The relationship between the open and close is considered vital information and forms the essence of candlesticks. Hollow candlesticks, where the close is greater than the open, indicate buying pressure. Filled candlesticks, where the close is less than the open, indicate selling pressure.

Long Versus Short Bodies

Generally speaking, the longer the body is, the more intense the buying or selling pressure. Conversely, short candlesticks indicate little price movement and represent consolidation.

Long white candlesticks show strong buying pressure. The longer the white candlestick is, the further the close is above the open. This indicates that prices advanced significantly from open to close and buyers were aggressive. While long white candlesticks are generally bullish, much depends on their position within the broader technical picture. After extended declines, long white candlesticks can mark a potential turning point or support level. If buying gets too aggressive after a long advance, it can lead to excessive bullishness.

Long black candlesticks show strong selling pressure. The longer the black candlestick is, the further the close is below the open. This indicates that prices declined significantly from the open and sellers were aggressive. After a long advance, a long black candlestick can foreshadow a turning point or mark a future resistance level. After a long decline a long black candlestick can indicate panic or capitulation.

Even more potent long candlesticks are the Marubozu brothers, Black and White. Marubozu do not have upper or lower shadows and the high and low are represented by the open or close. A White Marubozu forms when the open equals the low and the close equals the high. This indicates that buyers controlled the price action from the first trade to the last trade. Black Marubozu form when the open equals the high and the close equals the low. This indicates that sellers controlled the price action from the first trade to the last trade.

Long Versus Short Shadows

The upper and lower shadows on candlesticks can provide valuable information about the trading session. Upper shadows represent the session high and lower shadows the session low. Candlesticks with short shadows indicate that most of the trading action was confined near the open and close. Candlestick with long shadows show that traded extended well past the open and close.

Candlesticks with a long upper shadow and short lower shadow indicate that buyers dominated during the session, and bid prices higher. However, sellers later forced prices down from their highs, and the weak close created a long upper shadow. Conversely, candlesticks with long lower shadows and short upper shadows indicate that sellers dominated during the session and drove prices lower. However, buyers later resurfaced to bid prices higher by the end of the session and the strong close created a long lower shadow.

Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

Doji

Doji are important candlesticks that provide information on their own and as components of in a number of important patterns. Doji form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary and the resulting candlestick looks like a cross, inverted cross or plus sign. Alone, doji are neutral patterns. Any bullish or bearish bias is based on preceding price action and future confirmation. The word "Doji" refers to both the singular and plural form.

Ideally, but not necessarily, the open and close should be equal. While a doji with an equal open and close would be considered more robust, it is more important to capture the essence of the candlestick. Doji convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level. The result is a standoff. Neither bulls nor bears were able to gain control and a turning point could be developing.

Different securities have different criteria for determining the robustness of a doji. A $20 stock could form a doji with a 1/8 point difference between open and close, while a $200 stock might form one with a 1 1/4 point difference. Determining the robustness of the doji will depend on the price, recent volatility, and previous candlesticks. Relative to previous candlesticks, the doji should have a very small body that appears as a thin line. Steven Nison notes that a doji that forms among other candlesticks with small real bodies would not be considered important. However, a doji that forms among candlesticks with long real bodies would be deemed significant.

Doji and Trend

The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, or long white candlestick, a doji signals that the buying pressure is starting to weaken. After a decline, or long black candlestick, a doji signals that selling pressure is starting to diminish. Doji indicate that the forces of supply and demand are becoming more evenly matched and a change in trend may be near. Doji alone are not enough to mark a reversal and further confirmation may be warranted.

After an advance or long white candlestick, a doji signals that buying pressure may be diminishing and the uptrend could be nearing an end. Whereas a security can decline simply from a lack of buyers, continued buying pressure is required to sustain an uptrend. Therefore, a doji may be more significant after an uptrend or long white candlestick. Even after the doji forms, further downside is required for bearish confirmation. This may come as a gap down, long black candlestick, or decline below the long white candlestick's open. After a long white candlestick and doji, traders should be on the alert for a potential evening doji star.

After a decline or long black candlestick, a doji indicates that selling pressure may be diminishing and the downtrend could be nearing an end. Even though the bears are starting to lose control of the decline, further strength is required to confirm any reversal. Bullish confirmation could come from a gap up, long white candlestick or advance above the long black candlestick's open. After a long black candlestick and doji, traders should be on the alert for a potential morning doji star.

Long-Legged Doji

Long-legged doji have long upper and lower shadows that are almost equal in length. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.

Dragon Fly and Gravestone Doji

Dragon Fly Doji

Dragon fly doji form when the open, high and close are equal and the low creates a long lower shadow. The resulting candlestick looks like a "T" with a long lower shadow and no upper shadow. Dragon fly doji indicate that sellers dominated trading and drove prices lower during the session. By the end of the session, buyers resurfaced and pushed prices back to the opening level and the session high.

The reversal implications of a dragon fly doji depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick, or at support, a dragon fly doji could signal a potential bullish reversal or bottom. After a long uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both situations.

Gravestone Doji

Gravestone doji form when the open, low and close are equal and the high creates a long upper shadow. The resulting candlestick looks like an upside down "T" with a long upper shadow and no lower shadow. Gravestone doji indicate that buyers dominated trading and drove prices higher during the session. However, by the end of the session, sellers resurfaced and pushed prices back to the opening level and the session low.

As with the dragon fly doji and other candlesticks, the reversal implications of gravestone doji depend on previous price action and future confirmation. Even though the long upper shadow indicates a failed rally, the intraday high provides evidence of some buying pressure. After a long downtrend, long black candlestick, or at support, focus turns to the evidence of buying pressure and a potential bullish reversal. After a long uptrend, long white candlestick or at resistance, focus turns to the failed rally and a potential bearish reversal. Bearish or bullish confirmation is required for both situations.

Before turning to the single and multiple candlestick patterns, there are a few general guidelines to cover.

Bulls Versus Bears

A candlestick depicts the battle between Bulls (buyers) and Bears (sellers) over a given period of time. An analogy to this battle can be made between two football teams, which we can also call the Bulls and the Bears. The bottom (intra-session low) of the candlestick represents a touchdown for the Bears and the top (intra-session high) a touchdown for the Bulls. The closer the close is to the high, the closer the Bulls are to a touchdown. The closer the close is to the low, the closer the Bears are to a touchdown. While there are many variations, I have narrowed the field to 6 types of games (or candlesticks):

Long white candlesticks indicate that the Bulls controlled the ball (trading) for most of the game.
Long black candlesticks indicate that the Bears controlled the ball (trading) for most of the game.
Small candlesticks indicate that neither team could move the ball and prices finished about where they started.
A long lower shadow indicates that the Bears controlled the ball for part of the game, but lost control by the end and the Bulls made an impressive comeback.
A long upper shadow indicates that the Bulls controlled the ball for part of the game, but lost control by the end and the Bears made an impressive comeback.
A long upper and lower shadow indicates that the both the Bears and the Bulls had their moments during the game, but neither could put the other away, resulting in a standoff.

What Candlesticks Don't Tell You

Candlesticks do not reflect the sequence of events between the open and close, only the relationship between the open and the close. The high and the low are obvious and indisputable, but candlesticks (and bar charts) cannot tell us which came first.

With a long white candlestick, the assumption is that prices advanced most of the session. However, based on the high/low sequence, the session could have been more volatile. The example above depicts two possible high/low sequences that would form the same candlestick. The first sequence shows two small moves and one large move: a small decline off the open to form the low, a sharp advance to form the high, and a small decline to form the close. The second sequence shows three rather sharp moves: a sharp advance off the open to form the high, a sharp decline to form the low, and a sharp advance to form the close. The first sequence portrays strong, sustained buying pressure, and would be considered more bullish. The second sequence reflects more volatility and some selling pressure. These are just two examples, and there are hundreds of potential combinations that could result in the same candlestick. Candlesticks still offer valuable information on the relative positions of the open, high, low and close. However, the trading activity that forms a particular candlestick can vary.

Prior Trend

In his book, Candlestick Charting Explained, Greg Morris notes that for a pattern to qualify as a reversal pattern, there should be a prior trend to reverse. Bullish reversals require a preceding downtrend and bearish reversals require a prior uptrend. The direction of the trend can be determined using trend lines, moving averages, peak/trough analysis or other aspects of technical analysis. A downtrend might exist as long as the security was trading below its down trend line, below its previous reaction high or below a specific moving average. The length and duration will depend on individual preferences. However, because candlesticks are short-term in nature, it is usually best to consider the last 1-4 weeks of price action.

Candlestick Positioning

Star Position

A candlestick that gaps away from the previous candlestick is said to be in star position. The first candlestick usually has a large real body, but not always, and the second candlestick in star position has a small real body. Depending on the previous candlestick, the star position candlestick gaps up or down and appears isolated from previous price action. The two candlesticks can be any combination of white and black. Doji, hammers, shooting stars and spinning tops have small real bodies, and can form in the star position. Later we will examine 2- and 3-candlestick patterns that utilize the star position.

Harami Position

A candlestick that forms within the real body of the previous candlestick is in Harami position. Harami means pregnant in Japanese and the second candlestick is nestled inside the first. The first candlestick usually has a large real body and the second a smaller real body than the first. The shadows (high/low) of the second candlestick do not have to be contained within the first, though it's preferable if they are. Doji and spinning tops have small real bodies, and can form in the harami position as well. Later we will examine candlestick patterns that utilize the harami position.

Long Shadow Reversals

There are two pairs of single candlestick reversal patterns made up of a small real body, one long shadow and one short or non-existent shadow. Generally, the long shadow should be at least twice the length of the real body, which can be either black or white. The location of the long shadow and preceding price action determine the classification.

The first pair, Hammer and Hanging Man, consists of identical candlesticks with small bodies and long lower shadows. The second pair, Shooting Star and Inverted Hammer, also contains identical candlesticks, except, in this case, they have small bodies and long upper shadows. Only preceding price action and further confirmation determine the bullish or bearish nature of these candlesticks. The Hammer and Inverted Hammer form after a decline and are bullish reversal patterns, while the Shooting Star and Hanging Man form after an advance and are bearish reversal patterns.

Hammer and Hanging Man

The Hammer and Hanging Man look exactly alike, but have different implications based on the preceding price action. Both have small real bodies (black or white), long lower shadows and short or non-existent upper shadows. As with most single and double candlestick formations, the Hammer and Hanging Man require confirmation before action.

The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend reversal, hammers can mark bottoms or support levels. After a decline, hammers signal a bullish revival. The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note. While this may seem enough to act on, hammers require further bullish confirmation. The low of the hammer shows that plenty of sellers remain. Further buying pressure, and preferably on expanding volume, is needed before acting. Such confirmation could come from a gap up or long white candlestick. Hammers are similar to selling climaxes, and heavy volume can serve to reinforce the validity of the reversal.

The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of selling pressure raises the yellow flag. As with the Hammer, a Hanging Man requires bearish confirmation before action. Such confirmation can come as a gap down or long black candlestick on heavy volume.

Inverted Hammer and Shooting Star

The Inverted Hammer and Shooting Star look exactly alike, but have different implications based on previous price action. Both candlesticks have small real bodies (black or white), long upper shadows and small or nonexistent lower shadows. These candlesticks mark potential trend reversals, but require confirmation before action.

The Shooting Star is a bearish reversal pattern that forms after an advance and in the star position, hence its name. A Shooting Star can mark a potential trend reversal or resistance level. The candlestick forms when prices gap higher on the open, advance during the session and close well off their highs. The resulting candlestick has a long upper shadow and small black or white body. After a large advance (the upper shadow), the ability of the bears to force prices down raises the yellow flag. To indicate a substantial reversal, the upper shadow should relatively long and at least 2 times the length of the body. Bearish confirmation is required after the Shooting Star and can take the form of a gap down or long black candlestick on heavy volume.

The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation.

Blending Candlesticks

Candlestick patterns are made up of one or more candlesticks and these can be blended together to form one candlestick. This blended candlestick captures the essence of the pattern and can be formed using the following:

The open of first candlestick
The close of the last candlestick
The high and low of the pattern

By using the open of the first candlestick, close of the second candlestick, and high/low of the pattern, a Bullish Engulfing Pattern or Piercing Pattern blends into a Hammer. The long lower shadow of the Hammer signals a potential bullish reversal. As with the Hammer, both the Bullish Engulfing Pattern and the Piercing Pattern require bullish confirmation.

Blending the candlesticks of a Bearish Engulfing Pattern or Dark Cloud Cover Pattern creates a Shooting Star. The long, upper shadow of the Shooting Star indicates a potential bearish reversal. As with the Shooting Star, Bearish Engulfing, and Dark Cloud Cover Patterns require bearish confirmation.

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2008-12-23T09:05:00.004+08:00

Or...

ACCOUNT DETAILS
	Minimum Account Size	$25
	Recommended Account Size	$500
	Smallest Trade Size	1k Units
	Available Leverage	400:1*
	Approximate Pip Value	$0.10 per Pip
	Charts	Trade From Charts
	Execution	Automated**
	Accounts Held In	USD
	Platform	Downloads

WHO IS IT FOR?

Designed for new forex traders. Open an FXCM Micro account with just $25.
Recommended that you open an FXCM Micro account with $500.
FXCM Micro is the discount brokerage arm of FXCM. Spreads are extremely low with EUR/USD typically at 1.5 pips and USD/JPY at 1.6 pips.
All customer service is conducted online via e-mail, forums and self-guided FAQ sections. No live phone or chat support is available

Forex Account (Mini 10K)

2008-12-23T08:12:00.002+08:00

	Minimum Account Size		$2,000
	Recommended Account Size		$10,000 and Up
	Smallest Trade Size		10k Units
	Available Leverage		Up to 200:1*
	Approximate Pip Value		$1 per Pip
	Charts		Trade From Charts
	Execution		No Dealing Desk
	Accounts Held In		USD, JPY, CAD, AUD, NZD, EUR, GBP
	Platform		Downloads

WHO IS IT FOR?

Designed for experienced traders that have $2,000 to $25,000
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Recommended that you open an FXCM Standard account with $10,000 or more. Since leverage magnifies both gains & losses, a larger account size will enable you to use less leverage. We believe that most traders benefit from using between 4:1 and 20:1 leverage.
Highly trained professional staff, many of whom are active traders. Traders have access to client support 24 hours a day by phone, e-mail, or live chat. This is only available to FXCM Standard accounts

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2008-12-03T00:19:00.004+08:00

What ever you do.. the best choice in business oppurtunity is Forex. Just test with demo account to learn the best strategies. After that you can open the real forex account with such as from FXCM. You can try demo account in just 5 minit after you register with demo account. For registration just visit http://www.fxcm.com