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Thursday, April 03, 2008

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Forex Signals Advice

By Alvin Han

There are lot's of Forex signals providers out there. New Forex traders might be thinking of looking for a reliable Forex signals provider. Is there any reliable Forex signals providers available?

Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.

There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers......

Full article available at: http://www.forex.labuan.net/forex-signal.html

Alvin Han is the editor of [http://www.forex.labuan.net/]http://www.forex.labuan.net

Article Source: http://EzineArticles.com/?expert=Alvin_Han http://EzineArticles.com/?Forex-Signal,-Forex-Signals-Advice&id=10627

Let's Talk About Forex

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The FX interbank market is a global network of the world�s banks with no centralized location for trading. Much of the business is conducted over the-phone or electronically bank-to-bank. The FX market is a 24-hour-per-day market during the FX business week. The day starts in Asia, extends over to Europe and then into the U.S. daytime trading hours. Currencies are traded around the world, around the clock, from Monday morning (Sunday afternoon Chicago/New York time) in New Zealand/Asia to the close of the business week on Friday afternoon in Chicago/New York.
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Leverage is something that is both great when it comes to the Forex and possibly dangerous. Trading currencies offers a high level of leverage. Those who don't have a lot of money to begin with can use leverage to gain more money. When used correctly, you can often do this in short amounts of time. Most people think however that this is something that can be done easily. Those who use leverage to their potential are often those with years of experience in trading. Some people tend to follow the myth that anyone will be able to easily use leverage to get rich fast. This is simply not true. You must be a trader with an excellent knowledge of the system in order to make leverage work to your maximum advantage.

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The Commodity Futures Modernization Act of 2000 (CFMA) made clear that the CFTC has jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. The CFTC also has jurisdiction to investigate and prosecute foreign currency fraud occuring in its registered firms and their affiliates. The CFTC issued an advisory in 2001 that discussed these CFMA amendments to the Commodity Exchange Act (CEA), 7 USC 1, et seq.
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Online Forex News From Around The World

Forex Radio - Bernanke's Forecast For A Recession Weighs Dollar, Overshadows Dour UK Housing Data

Wed, 02 Apr 2008 22:07:00 -0400
Listen to our Evening DailyFX Forex Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM040208.mp3


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More Thoughts On Forex

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Forex fx currency symbols are always three letters, where the first two letters identify the name of the currency and the third letter identifies the name of the country's currency.

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The beginner forex trader should check the news articles that the broker has posted before beginning a new trading session. Profiting from Forex news could be one strategy the beginner forex trader could profit from. The news could be informative and this may affect the trader's choice to which currency pairs and the positions to take for the trading session. Profiting from Forex trading via the Internet has resulted in a great deal of interest by small traders previously locked out of this enormous marketplace. The FOREX market is less regulated than other financial markets. There is always risk in speculation, in any traded financial instrument whether they are regulated or unregulated.

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In Forex day trading, you can select your feasible time to trade, as it is round the clock (24-hour) market. The superior liquidity of forex, combined with a true 24-hour forex market that's traded 5 � days a week, offers you exceptional independence and Forex currency trading when you want to, not when the market wants you to. The Forex market literally follows the sun around the world moving from major banking and financial centers of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the United States.

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Yes, no liquidity and no conviction by players make the market look like a vagrant loitering in his usual area. Good forecasts and trades. Good sleep is essential for good trading but most of the traders I know of seem to sleep with one eye open
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More Forex News Information

Dollar gains ground

Tue, 01 Apr 2008 16:34:44 EDT
Read full story for latest details.




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