Monday, September 27, 2010

[Trade of the Fortnight!] It's Time to go Japan!

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Trade of the Fortnight!
Simple Trades that make money

It's Time to go Japan!
16 September 2010

It's amusing to read commentaries saying JPY will not be made weaker upon Ozawa's defeat. Yet, if you have been following the USD/JPY chart, you will have anticipated otherwise.

15-Sep-10 Analysts' Commentaries:
"Investors took Prime Minister Kan's victory as a signal that Japanese authorities might be less likely to intervene in the currency markets to weaken the yen. Mr. Kan's challenger, Mr. Ozawa, was considered a proponent of market intervention to pressure the yen."

What You Will See on The Chart on The Same Day:
Note: A weak yen will drive the chart up. For such a long candle to happen in a 3 hour timeframe, it is usually an intervention by an institution body.

A News Report that Comes Out Half Hour Later:
"The Japanese yen is once again in the spotlight after the government finally delivered on its threat to weaken the currency in a bid to provide relief to its export heavy economy.

Following official news that the government intervened, Finance Minister Yoshihiko Noda said that he stood ready to take additional measures to control the rise of the yen. Officials have also said that the government planned to continue its actions during the European and North American sessions."

Key Lesson for Today:
Analysts are not fortune tellers. News always come too late.

Why You Won't Short USD/JPY At That Point:
     
 

Reason 1 –JPY is testing its 15-year high - which had already affected the Japan export economy badly


Reason 2 – It is extended at its 161.8% Fibonacci retracement level


Reason 3 – There have been rumours of intervention by the Government


Reason 4 – A new political party just came in, and they met shortly after regarding the strong Yen.

 
     
In trading Forex, we always look for reasons NOT to trade, then when we find one that is perfect, we courageously go for it! If all these processes seem confusing for you, you can now learn it all step-by-step, module-by-module.

If you are curious how we do it with our students in our courses, give us a call or speak to us at our Forex preview. Details available at the end of this email.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

     
 

The $1 Life-Changing Challenge
Trade with only $1 a day for 1 year, and change your financial roadmap forever. You will experience first-hand how easy it is to ride the money flows in the market. Never be a passive listener to the stories of the market again; be one of the smart money in the market.

Find out more from any of our Free "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/ or Sms 97390357 or Call 61002264 today!

 
     

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Trade of the Fortnight is an e-publication by Forex Driving School. If you would like to receive this newsletter, please sign up here. You can unsubscribe anytime after that.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - September 2010


FXDS Learning Group Pte. Ltd., 9 Temasek Boulevard #13-00 Suntec Tower Two, Singapore 038989

Posted via email from Forex Driving School!

Thursday, September 23, 2010

AUD/USD at its 1-year resistance 0.9400 - It's a G'Day Mate!

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Trade of the Fortnight!
Simple Trades that make money

AUD/USD at its 1-year resistance 0.9400 - It's a G'Day Mate!
16 September 2010

Alas! We had some real exciting movement that went on in the Forex Market for the past few weeks. Oil price rising; gold price surging to record high; political party changing hands both down South (Australia) and up North (Japan).

We are getting some pretty decent movements in the Forex Market for the patient investor. Hence we will be having a double issue for this week! In this issue we will focus on AUD/USD and on the next, we will look at USD/JPY.

Key Lesson for Today:
Complement the results of your technical analysis with fundamental happenings

TIP 1 - Identify a Strong Support Level

Post the rally in July 2010, the AUD/USD retraced back 50% and rested nicely on its 55-day moving average. The coincidence of the 50% retracement level and the 55-day moving average suggests a strong support level.

TIP 2 - Identify a Related Price Action Pattern

Fibonacci is a pattern typically we will want to go for post a bullish rally. In this case, we are going for the fibonacci pattern. We project the AUD/USD to rebound off the support level and make a 2nd rally.

TIP 3 - Wait for the Tipping Point

This is when you are waiting for the triggering event(s) to happen. Standby a limit order at a level where you project the 2nd rally to break through.


A market usually goes into a consolidation when there is no clear direction where it shall head. Technical analysis gives you the ability to decide where your entry should be. With key fundamental events to drive it home, a trade like this is pure and clean.

For beginners, combining the results of both the technical and fundamental analysis could prove to be challenging. Our recommendation? Build up your technical foundation first.

Clarity in a chaotic market is a gift that every trader would have to pay a high price for, though the amount and duration will differ for each.

You can control this "tuition fee" that you have to pay to a fixed amount and a fixed time with a properly structured education course. Something to chew on for the rest of the week.

If you are curious how we do it with our students in our courses, give us a call or speak to us at our Forex preview. Details available at the end of this email.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

The $1 Life-Changing Challenge
Trade with only $1 a day for 1 year, and change your financial roadmap forever. You will experience first-hand how easy it is to ride the money flows in the market. Never be a passive listener to the stories of the market again; be one of the smart money in the market.

Find out more from any of our Free "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/ or Sms 97390357 or Call 61002264 today!

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Trade of the Fortnight is an e-publication by Forex Driving School. If you would like to receive this newsletter, please sign up here. You can unsubscribe anytime after that.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - September 2010


FXDS Learning Group Pte. Ltd., 9 Temasek Boulevard #13-00 Suntec Tower Two, Singapore 038989

Posted via email from Forex Driving School!

How to Identify a Sure-Win Trade

Cannot view this email? Click here for our online version.

 Trade of the Fortnight!
   Simple Trades that make money

How to Identify a Sure-Win Trade
26 July 2010

One of the easiest ways to identify a sure-win trade is when you can apply multiple trade concepts on a trade setup. If a trade setup is highly probable, it will lead to similar entry zones. This is where you are joining the "pockets" of sellers or buyers camping down there, also where you are kind of like striking gold.

Let's take a look at the EUR/USD for the period of June - July 2010.

In Forex Trading, we always focus on the flow of the market. If the market is turbulent, we stay out of it. If the market is flowing smoothly, it's time to get in. It's not about the different markets that you can trade; it's about finding the right flow in the market.

You can learn to identify this flow step-by-step, from technical to fundamental analysis, module-by-module.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Trade of the Fortnight is an e-publication by Forex Driving School. If you would like to receive this newsletter, please sign up here. You can unsubscribe anytime after that.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - July 2010

Posted via email from Forex Driving School!

Thursday, April 15, 2010

Forex Driving School - Trade of the Fortnight! - March 2010 Issue

Cannot view this email? Click here for our online version.

 Trade of the Fortnight!
   Simple Trades that make money

Currency Spotlight: EUR/AUD
31 Mar 2010

It's been a rough ride for the intraday traders since Chinese New Year till late March. Most of the major pairs are in range-bound; moves are non-directional and snappy. The only way to stay profitable during this season is really just not to trade. Those who traded during this season are spending 50% of their time to make back their losses, which is as good as not trading.

However, there is this one pair that stands out from the rest, the eye in the storm - the EUR/AUD.

EUR
Even if you do not anything about fundamental analysis, just by watching Channel News Asia, you would have known that the EUR currency is in crisis with the sovereign debt issues. In the financial markets, they are calling this the "PIIGS" crisis - with Portugal, Italy, Ireland, Greece and Spain in financial trouble.

AUD
With the Reserve Bank of Australia raising the interest rates three times in the last three months of 2009, gave Australia its fundamental strength. Also, in the face of the global slowdown, Australia has managed to keep its economy up through its close trade ties with China whom provides a steady demand for its key commodity exports.

With these two forces in play, EUR/AUD looks pretty set to bound south. In fact, it had started its journey to the South since April 2009.

Let's take a look at March 2010. If you just took the short trades, you would have clocked an easy 10%. This is not counting the long trades that you could have taken in the downtrend channel.

In Forex Trading, we always focus on the flow of the market. If the market is turbulent, we stay out of it. If the market is flowing smoothly, it's time to get in. It's not about the different markets that you can trade; it's about finding the right flow in the market.

You can learn to identify this flow step-by-step, from technical to fundamental analysis, module-by-module.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Trade of the Fortnight is a e-publication by Forex Driving School. If you would like to receive this newsletter, please sign up here. You can unsubscribe anytime after that.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - March 2010


Posted via email from Forex Driving School!

Friday, February 5, 2010

[Trade of the Fortnight] New Year Special - How to NOT Lose Money!

Cannot view this email? Click here for our online version.

 Trade of the Fortnight!
   Simple Trades that make money

New Year Special - How to NOT Lose Money!
31 Jan 2010

I figured the best way to start a New Year is to buck the trend of "how you can make XX%" and to bring up a simple, fundamental topic. You can make money by not losing money. It does not matter how new you are to trading, I am sure that if you had a magic wand to wipe out all your losses; you would be highly profitable. Heck, even if you only wiped out the half most damaging losses, you would be very happy. Most trading babies spend too much time figuring out how to make money, and leave their back door wide open to leak their profits.

Today's example is the GBP/USD. I picked it because trading babies will get very angry with themselves for missing the trade or worse still be proud that they made money on the trade. One important trading lesson to learn is that not all market moves can be properly traded. The trading baby uses profit as a benchmark for their success, and that is why many form very bad trading habits, thus suffering later on.

The GBP/USD on 28th January collapsed dramatically in the evening and some people made money while others lost money rapidly as they got stopped out. For those who lost money, they are desperate to find out the cause of it. For those who made money, arrogance abound.

The reality, unfortunately, is very different. That trade should not have happened because the market was choppy, and as choppy markets are, it will move unexpectedly. Yes, on the surface, you could attribute the fall to the S&P Downgrade of the GBP. But how is that attribution useful for future trades, since it is an after the fact statement? Something to think about.

In trading Forex, we always look for reasons NOT to trade, then when we find one that is perfect, we courageously go for it! If all these processes seem confusing for you, you can now learn it all step-by-step, module-by-module.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - January 2010


Forex Driving School
42 Tras Street Level 3
Singapore 078981

Posted via email from Forex Driving School!

Sunday, January 10, 2010

Not all trades are made equal! - 31 Dec 2009

Cannot view this email? Click here for our online version.

 Trade of the Fortnight!
   Simple Trades that make money

Not all trades are made equal!
31 Dec 2009

Have you ever seen days in the market, where every currency moves violently, and any newbie trader could have made money? On such days, you might find it difficult to differentiate a good trade from a lucky trade. Although we all love to have good luck in trading, it is imperative that you can differentiate your bonus profits from the profits you can make regularly. This separates the consistent traders from the one-off lucky gamblers. Every good trade should only be executed after a comparison with its nearest peer.

Today's example is the AUD/USD and EUR/USD trade. We compare the merits of choosing one over the other. The better trade would be the AUD/USD short and it would have made you a quick $500*. More importantly, you would be better prepared, in the unfortunate event of the market going against you.

In trading Forex, we always look for reasons NOT to trade, then when we find one that is perfect, we courageously go for it! If all these processes seem confusing for you, you can now learn it all step-by-step, module-by-module.

We offer Singapore's only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn't to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min "Forex Trading Essentials" Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - December 2009


Posted via email from Forex Driving School!

Tuesday, December 22, 2009

[Trade of the Fortnight] The GBP/JPY landslide that had to make you $750*! - 15 Dec 2009

Cannot view this email? Click here for our online version.

 Trade of the Fortnight!
   Simple Trades that make money

The GBP/JPY landslide that had to make you $750*!
15 Dec 2009

It is time for the favourite season of the year. Christmas carols ringing in the shopping centers and busy shoppers tugging a long list of presents to buy! Traders are also joining in the festive cheer with the deep, almost erratic (to some) swings. One of these trades was last week’s GBP/JPY short trade that would have netted you a swift $750 by the time you crawled into bed. Now, a few pairs moved on that very same day, however, this one would have given you the greatest confidence and the least stress.

For those who missed it, you are probably asking how do I spot such trades in the future?

In trading Forex, we always look for reasons NOT to trade, then when we find one that is perfect, we courageously go for it! If all these processes seem confusing for you, you can now learn it all step-by-step, module-by-module.

We offer Singapore’s only 8-week Forex Trading Course with a structured curriculum.

No over-inflated promises, no wild claims; only what works and what doesn’t to protect and profit you in the Forex Market.

Find out more at any of our FREE 90 min “Forex Trading Essentials” Seminar at a location near you! Click here: www.ForexDrivingSchool.com/seminar/

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - December 2009

Posted via web from Forex Driving School!