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 I highly recommend you visit http://saxobank.com/ and you find a way to join up to several of their ezines that relate to forex trading. This is part of my trading strategy and my style of trading. In earlier posts on this blog you can read about preparations for trading. I do agreee that the charts can tell you a lot, if not all. But I also find it extremely useful, and stimulating to have what I can see transposed in to words.
In short this forex blog recommends that you join tat least three of the forex related ezines than SaxoBank offers at zero cost and that you read them every day. It will help you to attune with the forex market and what is going on globally variable-wise that may be affecting the market. Sometimes you get really accurate forex tips from them as well.
You have to use the forex tips at your discretion. Sometimes you will get one that is aligned with your own research and technical analysis and it will give you a spot on trade that “cannot fail” to please. Don’t forget that forex is a high riskmarket and as my product sites state clearly, you could lose everything you invest, like many other investments. Personally I think it is a great business opportunity, because as stated, all investments carry a risk. I’m not quite sure what the commission is on about there.Although this market is not centrally regulated, in my opinion it carries as much risk as starting up in any other business without experience, in that you will need to learn from mistakes - I never heard of anyone who go rich first attempt round?
Still, its important that people do realise that there are sites out there with ridiculous promises of systems that do miracles. I can promise you that it is not going to happen with such a system.The only way Ihave found is diligently apply yourself and create you’reown strategy based on what you know and can use. I’m happy to pass on all I do know, with compensation for the time, effort, money and energy invested in my own becoming forex trader master, and it costs $1800. Please go ahead and train with me if you can afford to do that, I won’t let you down in terms of content and value. If you think that is ridiculous to ask, please buy all you can at the cheaper rate. You get what you pay for in this world I have found.
Warm regards,
Sam Beatson
I used to hire 2 professional analysts to provide information to me and for me to provide to my members after adding some of my own analysis to the 7 page document that was published each day by my site. I found this was taking a lot of my time and also wasn’t 100% reliable in terms of my receiivng the analysis each day. Also my members only 1% were checking the site each day where I uploaded the daily update. So I refined my strategy and use other sources in the planning and preparation component of my forex trading style. The anlysis was reliable however in terms of making money. I have a document of proof which I will upload in pdf format soon to show you that with NOT applying what you learn through me passing my strategies and ways to interpret the market, the system was good for 200 pips per month on average…
Here’s a part what I got in my email from Saxo Bank from one of the subscriptions I have with them…
THEMES TO WATCH – UPCOMING SESSION
With dollar reaching yet another low against the euro at 1.4162 and continuing to hover around it, the market attention for the day is firmly on the US Durable Goods Orders due to be released at 12:30 GMT. Against the background of revised prior figure of 6.0%, the market expectations for August are severely negative, with the median figure of 74 Bloomberg surveyed analysts pointing to -4.0%.
Should the figures truly disappoint and indicate slowing industrial activity in the US, speculation on further interest rate cuts by the Federal Reserve is certain to pick up more steam and put further pressure on the dollar, while taking NZD and AUD, which have both been buoyed by speculation of further cuts in the US, to new high highs against the dollar.
Should the figures truly disappoint and indicate slowing industrial activity in the US, speculation on further interest rate cuts by the Federal Reserve is certain to pick up more steam and put further pressure on the dollar, while taking NZD and AUD, which have both been buoyed by speculation of further cuts in the US, to new high highs against the dollar.
Like US dollar, sterling also remains under pressure in the wake of BoE Governor King’s sudden change of stance. Continuing demand for EURGBP from European corporates has added to the sterling pressure, taking the EURGBP above the 2006 high of 0.7019. In GBPUSD, yesterday’s brief upswing could not be sustained, with a decisive turn-around at the failed break of 2.0220. The pair has also failed to be uplifted by better than expected UK GDP and Current Account data that was released at 8:30 GMT this morning, with the downward momentum still  largely intact.
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