No Bullshit Forex Blog, A Part of No Bullshit Network

Economic indicators

Economic indicators are pieces of financial and economic data published regularly by governmental agencies and the private sector. These statistics help market observers monitor the economy’s pulse - so it’s no surprise that they’re religiously followed by almost everyone in the financial markets.

Read the full post of Introduction and the Basics of Forex Economic Indicators

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Learning forex? Here are six golden rules to follow before you start trading for real. Drill this carefully in your head before blowing your first live account.

Keep it simple

Too much information on your screen can prove confusing.

Platforms

Read the full post of The Six Steps To Follow When Trading Forex

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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,

Read the full post of Peter Bain’s Having Special Offer for Da Big Dog Course

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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.

Read the full post of NonFarm Payroll Tomorrow - IBFX Poses Estimates

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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.

Read the full post of Day 2 of FXCM’s Email Tutorial Training

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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

http://computers.listings.ebay.com/Apple-Computers-Components_W0QQfromZR4
QQsacatZ4599QQsocmdZListingItemListQQssPageNameZdc pComputersTextNonFeat

into something short and span like

http://su.sg/d0f5

Read the full post of Susg your Long URL

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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 traded

Read the full post of Review of FXCM’s First Email - Introductory to Forex Trading

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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.

Read the full post of FXCM Free Forex Tutorial

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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.

Read the full post of Technical Trade - A Hawkish AUD Ahead of AUD/USD

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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.

Read the full post of GBP/USD and GBP/JPY - March 3rd 2008

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