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- Peter Bain's Having Special Offer for Da Big Dog Course
Here’s a mailer coming to my inbox. I’ve always enjoyed his commentaries and views on currencies highlight. Peter’s offering a special extension of membership rate of 6 months as oppose to shortening it to 4 months if your purchase the course within the next few days,
Forexmentor has an exclusive, time sensitive announcement especially for you. I know that you are interested in Forexmentor because you receive my Forex commentaries and new Forexmentor product emails. So even though you have yet to purchase my Big Dog Forex course, I consider you a member of the Forexmentor family albeit a distant member. That is why I feel that it is important to inform you of an important change to our membership program.
Effective Tuesday June 10, 2008, the length of membership associated with the purchase of my Big Dog course will change. The current membership program for course purchasers entitles you to six months access to the Forexmentor website. This allows you access to hundreds of hours of exclusive Forex related information.
Perhaps the two most important membership benefits are my AM Review and our Video Tutorial Library. I think that my AM Reviews are
unequalled for explaining how to profitably trade the forex independent of market conditions. And our Video Tutorial Library contains hundreds of videos on all aspects of trading fundamentals and techniques. I have designed and developed both my course and membership website to teach beginners how to trade the forex and to help more experienced traders improve their trading skills.However on June 9th while none of these membership benefits will change, the length of the membership associated with your course purchase will change from six months to four months. The price will still remain the same - $495.00 for the hard copy version and $349.00 for the online version - but the membership length will be reduced to four months. Since you have indicated an interest in Forexmentor I felt that it was important that you were aware of this change so that you could plan your purchase accordingly.
So you have until midnight June 8th to purchase my course and receive the six month membership. This offer will not be available after midnight Monday.
To purchase my course with the six month membership program click on www.forexmentor.com/order.html
However even distant members of the Forexmentor family are entitled to special benefits. Therefore I want you to offer an exclusive Forex product for you to view even if you decide not to purchase my course. Recently I did a special 90 minute webinar for group of stock traders. In the webinar I explained the forex and how it was possible to trade profitability. I also gave them a brief overview of my trading strategies. As a thank you for your interest in Forexmentor I am making the recording of this webinar available to you for a limited time.
If you are interested in viewing this special webinar, please click
on www.forexmentor.com/webinar/0608.htmlAs a family member you are probably familiar with all the benefits of my Big Dog course. They are all explained better than I can do here on my www.forexmentor.com website. Let me simply say that I believe that combination of my course and associated membership benefits provide the best forex education anywhere. I hope that you will take advantage of this special course offer or at least view the exclusive webinar. Even if you decide not to take advantage of these opportunities I hope that you will continue to be a member of the Forexmentor family.
Has anyone actually reviewed Peter Bain’s course to know that it’s well worth the money spent? Share with us your experience on the materials whether its well worth the money and time to study it if you’re serious about forex.
Переслать - NonFarm Payroll Tomorrow - IBFX Poses Estimates
NonFarm Payroll (NFP) has almost always been a big candle mover. IBFX emails the estimates on loss of 50 - 60K of payroll jobs.
Although April marked the fourth consecutive month of nonfarm payroll decline in the U.S., the 20,000 loss was a far cry better than the 75,000 economists were bracing for. Following declines of 81,000 in March and 83,000 in February, the latest decrease was led by declines in construction, manufacturing, and retail trade.
While revisions to previous payroll numbers were on the down side, they were nevertheless relatively minor. The initial March estimate of an 80,000 drop was revised down 1,000, while February’s estimated decrease of 76,000 was revised down 7,000.
The dollar extended gains against major currencies on Tuesday after the Commerce Department reported that new orders at U.S. factories rose surprisingly in April at a sharper-than-expected 1.1 percent, countering Wall Street economists who had forecast that orders would decline by 0.1 percent. The rise in April’s factory orders followed an upwardly revised increase of 1.5 percent in March orders that previously was reported as a 1.3 percent gain.
In recent remarks to the International Monetary Conference in Barcelona, Federal Reserve Chairman Ben Bernanke issued a warning on the risks that a weak dollar poses for inflation, but was quick to declare that U.S. interest rates are “well positioned” for an economy facing both price pressures and threats to growth.
The downward pressures on the dollar “have contributed to the unwelcome rise in import prices and consumer price inflation,” Bernanke said. “We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations, and will continue to formulate policy to guard against risks to both parts of our dual mandate, including the risk of an erosion in longer-term inflation expectations.”
Bernanke said GDP growth in the first quarter was “apparently positive,” and that there “may be somewhat better conditions” in the second half of 2008, due in large part to the combined effects of the Fed’s rate cuts and the fiscal stimulus package.
In his remarks, Bernanke essentially left the Fed’s economic outlook unchanged and followed other recent Fed officials in indicating no desire for additional rate-cutting.
Several key factors are thought to have influenced the April NFP report. They include:
- Household employment jumped 362,000 in April while the number of unemployed fell 189,000.
- Average hourly earnings rose a very modest 0.1 percent in April, which came in well below the market forecast for a 0.3 percent gain.
- The civilian unemployment rate slipped to 5.0 percent from 5.1 percent in March and came in better than the consensus forecast for 5.2 percent.
For week ending May 24, the Labor Department reported that the advance figure for seasonally adjusted initial claims was 372,000, an increase of 4,000 from the previous week’s revised figure of 368,000. They also reported a four-week moving average of 370,500, a decrease of 2,500 from the previous week’s revised average of 373,000.
What is NFP?
Of all the world monthly economic reports, the monthly US NFP report is the most highly anticipated and has the most dramatic impact on the currency market.
The report, which is released on the first Friday of each month and states the previous month’s numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.
What’s more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the US economy and interest rates translate to the strength or weakness of the US dollar.
Переслать - Day 2 of FXCM's Email Tutorial Training
I’ve gotten smarter, or so it seems.
FXCM’s 2nd part of its free email forex training covers 3 different ways to trade, namely Fundamental Trading based on news, Staying with trend (with forex indicators), or using fading sentiment index, a proprietary index which is developed by FXCM *coughs*.
Sign up for their 12 series of email forex tutorial if you’re interested in picking up forex.
Переслать - Susg your Long URL
Here’s a spam coming from Benson Koh, but I reckon it’ll do something good than bad. *Pastes what he basically wrote
What susg basically does?It shortens your url from a lengthy one (like tinyurl), say an example an eBay listing which is awefully long url
into something short and span like
It’s good for?
* URL shorteners are important because they make long links much easier to communicate.
* Good for publications that needs lesser characters
* Good for newsgroups, especially those lengthy urls looks super messy
* Affiliate links, though unrecommended.Try it. It’s free anyway!
It works well for me. How about you?
Переслать - Review of FXCM's First Email - Introductory to Forex Trading
Ah, the first tutorial on forex came just right into my mailbox from FXCM . Well, you still have to head somewhere to get the pdf for your brand new forex tutorial.
It basically covers: -
- The differences between Forex and other trading platform
- The types of currencies that are usually tradedYou’d wanna try signing up and get the download link. Babypips still does a better job at this one in my opinion, but it doesn’t hurt to have an extra material for reference!
Переслать - FXCM Free Forex Tutorial
Despite my inactivity, Jaclyn still faithfully updates me on FXCM’s happening. FXCM is now offering free email education, a 12 installment email tutorial on forex trading,
FXCM (www.fxcm.com), the official currency-trading sponsor of the CNBC.com Million Dollar Portfolio Challenge, announced today that it is providing all contestants of the virtual trading competition with free forex education and trading signals to optimize their currency-trading experience.
Free Education: Contestants can sign up for FREE education lessons on trading in the currency market. Written by DailyFX.com analysts, the lessons will help traders gain an edge in trading their currency portfolio. The lessons come in an e-mail cycle, and registrants will receive 12 e-mails in total (1 lesson per day).
Sign up here: http://www.fxcm.com/cnbc-signup.jspFree Trading Signals: Contestants of the CNBC.com Million Dollar Portfolio Challenge contestants can also take advantage of full access to proprietary forex trading signals from DailyFX + for the duration of the contest. These proprietary trading signals will help new currency traders to construct trading ideas.
To login to DailyFX + http://plus.dailyfx.com
To learn more about DailyFX + http://www.fxcm.com/dailyfx-plus.jsp
To view the video of DailyFX + https://admin.acrobat.com/_a205571165/p67648316/
General Discussion: FXCM is happy to welcome all traders to the DailyFX.com forum, which is designed to open lines of communication between traders and to answer any questions they may have about trading foreign currencies. Contestants can discuss their currency trades and strategies with other traders participating in the challenge.Start a discussion here: http://www.learncurrencytrading.com/fxforum/forumdisplay.php?f=171
FXCM would like to wish all traders, Good luck!
About the CNBC.com Million Dollar Portfolio Challenge:
The CNBC.com Million Dollar Portfolio Challenge is a virtual trading competition that was previously limited to stock trading only and will now feature both stock trading and currency trading. Competitors in the Challenge, which began on May 12, 2008, are given $1 million in virtual "CNBC Bucks," $900,000 for trading common stocks, and $100,000 at ten-to-one margin for currency trading.* For 10 weeks, traders compete to win exciting weekly prizes for the highest percentage of weekly portfolio growth. At the end of the 10-week period, the top 6 players with the highest overall holdings in his or her portfolio will receive an aggregate of $1,000,000 in cash prizes, paid as annuities.
For a complete set of contest rules, and to register for CNBC.com's Million Dollar Portfolio Challenge, please visit https://milliondollar.cnbc.com
*Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.I’m not so much fan of forex signals, but I’ve signed up on their forex course to see what’s going on. Free anyway!
Переслать - Technical Trade - A Hawkish AUD Ahead of AUD/USD
It’s just a few hours away before the announcement of key interest rates from Reserve Bank of Australia (RBA) for AUD. All technicals seem to be pointing a bear for the AUD.
AUD/ USD 4 Hour Chart
200 EMA/SMA is right at the bottom with a trendline which looks very vulnerable to break. MACD/ Stochastics is looking and waiting for the decisive moment to crossover as well.
AUD/ USD 1 Hour Chart
AUD/USD 30 Minutes Chart
200 EMA/SMA is on top, MACD is below, we’re looking at a perfect setup for entry with the MACD converging to the bottom. I’m always referring to 30 minutes chart for entry, 1 hour/ 4 hours chart for trend and indication.
I’m opening a position at 0.9539, with a stop loss position of -30 pips, I’m expecting AUDUSD to breach the trendline at 0.9507.
Here’re some supportive Fundamental Anaylsis from Others
- TradeTheNews’s Eben on A few thoughts on trading AUD/USD ahead of RBA rate decision at 0:30 EDT
- DailyFX’s John Riveria on Will A Hawkish RBA Lead To A Fresh AUDUSD Multi Decade High?
Shalom, and good luck.
Переслать - GBP/USD and GBP/JPY - March 3rd 2008
GBP/USD
Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.
Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 - 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.
GBP/JPY
GBP/JPY stayed in a huge range, +900 pips for two months now. Today it broke through the support going down over 100 pips, then price returned quickly inside the range. On the 4h chart no bar closed below 204.60. A bar closing below this level will signal a further drop in this pair, one I am willing to take it that happens. I think the upside potential is limited at 205.85 today. I wouldn’t take any trades between 204.60 and 205.85, there is no clear direction between these two levels!
I wish you a profitable week trading FOREX!
OptimusLH Переслать - FXCM Posted 36.49% Up for their Managed Sentiment Account in 2007
And I would say it’s a feat and good result. FXCM managed to post 36.49% up for their sentiments managed accounts for their clients for 2007,
Dear Trader:
FXCM’s Managed Accounts performed spectacularly in 2007.
We outperformed most funds in our category, with top rankings in BarclayHedge, AutumnGold, and IASG.
Sentiment Program: 36.94% gain in 2007*
BarclayHedge: Top 10 Currency, Systematic CTA
Ranked 2nd by Sharpe RatioAutumnGold: Ranked 5th for Current Monthly Performance, New Funds, Ranked by YTD Return
These are not hypothetical results; this program has been trading real money throughout 2007.
View Detailed Results | Open an Account
Sentiment Aggressive Program: 64.07% gain in 2007 (program began in July)*
AutumnGold: Ranked 3rd for the year for new funds (funds started after January 2005)
Ranked 3rd for Large FundsIASG: Ranked 5th for funds with over $10m under management
Both programs are notable for special advantages—a very low minimum investment and no lock-up period.
I still find it funny that a broker firm offers MA because it would completely be a total conflict of interest, but its nice to see people making money out of it.
Переслать - Global One Group, Avoid
It’s a total piece of crap that I spent my $1,000 on and I would ask everyone who’s considering to pay a membership to “learn” what you can to avoid it.
I’ll talk about it later, it’s 6.20AM here.
Переслать
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