how are pivot points used in forex trading?
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Never used it myself, but I have seen people use it to calculate potential turning points for the day you are about to trade. \nBecause so many traders follow pivot points you will often find that the market reacts at these levels. \n\nTake a look here for a better explanation:\nhttp://www.investopedia.com/articles/technical/04/041404.asp
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The foreign exchange (currency or forex) market exists wherever one currency is traded for another. It is the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. Retail traders (small investors or speculators) are a minute part of this market, may only participate indirectly through brokers or banks, and may be targets of forex scams.\n\nMarket size and liquidity\nThe foreign exchange markets is unique because of:\n\nits trading volume, \nthe extreme liquidity of the market, \nthe large number of, and variety of, traders in the market, \nits geographical dispersion, \nits long trading hours - 24 hours a day (except on weekends). \nthe variety of factors that affect exchange rates, \nAverage daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study Triennial Central Bank Survey 2004\n\n$600 billion spot \n$1,300 billion in derivatives, ie \n$200 billion in outright forwards \n$1,000 billion in forex swaps \n$100 billion in options. \nExchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts, but constitute a very small part of the overall forex market.\n\nThe ten most active traders account for almost 73% of trading volume, according to The Wall Street Journal Europe, (2/9/06 p. 20). These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually only 1-3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203. Minimum trading size for most deals is usually $1,000,000.\n\nThese spreads do not apply to retail customers. To individuals, banks will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travellers' cheques.\n\nTrading characteristics\nThere is no single unified foreign exchange market. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is no such thing as a single dollar rate - but rather a number of different rates (prices), depending on what bank or market maker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs\nThe main trading centers are in London, New York, and Tokyo, but banks throughout the world participate. As the Asian trading session ends, the European session begins, then the US session, and then the Asian begin in their turns. Traders can react to news when it breaks, rather than waiting for the market to open.\n\nThere is little or no 'inside information' in the foreign exchange markets. Exchange rate fluctuations are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in GDP growth, inflation, interest rates, budget and trade deficits or surpluses, and other macroeconomic conditions. Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time.\n\nCurrencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.\n\nOn the spot market
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The calculations arent very difficult.  Go to your library and find a copy of Bowditch's Practical Navigation.  It has both tables and formulae you can enter into Excel.\n\nSome more info.  Your question is closely related to mapmaking - particularly the Mercator projection.  The refs below I found helpful.
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As far as I know there is no indicator on the volume of forex charts. \n\nThat is why banks and larger institutions have the upper hand on retail investors as they can see and hear about the large orders coming in whereas the retail investor is left out in the cold.
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Hmm...I found a few things that might be helpful, in order of usefulness:\n\nhttp://www2.barchart.com/tools.asp\n\nhttp://www.thefinancials.com/mfr_free.html\n\nhttp://www.bravenet.com/?afilid=3116782582
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Pivot tables are fantastic for analysing a set of raw data.\n\nInitially - take the data set (make sure all columns have headings or it will not work)and click the wizard\n\nIn the layout tab of the wizard place the data where you would like it displayed (columns to the left, headings to the right, data in the middle, filters in the top left hand corner).  There are allsorts of tips and tricks but you will need trial and error to figure out the more complex stuff (or excel help)
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A moving average does nothing more than provide additional statistical trading analysis, it should be used to meet your personal trading strategy. Your strategy might not even include a moving average.\n\nGenerally you could use a shorter moving average for a shorter expected holding time, but also they are used together to show a major difference in how the short term movement campares to it's longer term movement.\n\nFor example a few years ago I used moving averages in my strategy, I used several moving averages. I looked for Equities that had 20 day moving averages that were falling drastically with 50 day moving averages very high and just starting to fall. hoping to find equities that have been recently over sold.
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I am running a blog where you can get the analysis of the trades I am making -\n\nhttp://the-forex-trading.blogspot.com
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I think you are talking about technical indicators. \n\nWell Charting technical indicators don't only cover Forex but also apply to any market at large.\n\nPeople use moving averages, bollinger charts, fibonacci, MACD and a whole heap of other indicators. These indicators will usually form part of a trading system that traders use to know when they sell or buy.\n\nProfessionals usually make these systems through back testing and experimentation.
791811
Hi Daniel,\n     The truth is most people end up loosing all their money within the first 60 days of investing in the Forex Market. I've tried many Forex programs, signals, robots, etc, and spent countless hours trying to study charts and read graphs, and the FreedomRocks trading system has turned out to be one of the only true money makers for me. If you interested in learning about the smart way to trade that takes the guesswork out of investing in the Forex check out www.smartforexinvestor.com  If you have any questions just let me know.\n\nBest Regards,\n\nYo Fujikawa\n1-800-670-2683
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The numbers coming out of a stock exchange will be prices for stocks and index values. \n\nReported stock prices are typically listed as bid (what someone offered to pay) ask (what a trader gave as a price) or last (the price at which the last transaction happened)\n\nIndices are based on a collection of stocks that are chosen to represent some sector/geography/size of stock. They are designed to show the trends in an industry or geography, rather than the results of an individual company. This link shows the methodology for Dow Jones Indices\n\nhttp://www.djindexes.com/mdsidx/index.cfm?event=showAvgMethod
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easy convertibility to any other currencies in the fex market, mainly-usd,gbp,euro
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I just wanted to share my experience using the FreedomRocks \nFOREX Trading System. I’ve been using the system for several months now and have averaged around 20-30% ROI on a monthly basis.\n\nI LOVE earning interest daily, especially when I can earn interest on 400 Times my money! Its great watching my balance grow each and every day\n\nBenefits of the FREEDOMROCKS SYSTEM:\n• Requires no prior trading experience \n• Requires no research \n• No charts or graphs to read \n• Analyzes your positions and provides you BUY & SELL points\n• Not having to really understand and just let the software do 95% of the work for you\n• Practice with live trades in the market, without risking a penny \n• No cost to utilize a trading platform for execution of trades.\n• Includes step-by-step instructions and screenshots showing exactly what your trades will look like \n• Takes just a few minutes per week to manage a portfolio of any size \n• Provides structure to your trading approach, helping you set up a balanced portfolio & suggesting BUY & SELL points for your positions. \n• The Simplicity of a "set it and forget it" type of approach to trading without having to watch multiple charts on my monitor on an ongoing basis\n• Alerts you by text message or email when your trades execute, so there is no need to monitor your progress throughout the day and there is no risk of you missing a trading opportunity. \n• Allows you to balance your portfolio to earn varying rates of interest on your account. \n• BEST OF ALL YOU CAN SIGN UP FOR A FREE DEMO ACCOUNT TO TEST THE SYSTEM OUT FOR YOURSELF!!\n\nCheck out www.simple4xinvesting.com\n\nTo Get Your Free Demo Account, CLICK ON: Get Started (Customer-Free Trial)\n\nTo Your Success!\n\n-Chris Thomas\nPh: (541)554-8140\nwww.simple4xinvesting.com
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You could try using the Reuters stock screener at:\n\nhttp://www.investor.reuters.com/nscreen/builder.asp\n\nThe "Exchange" variable allows you to select data for only "OTCBB" stocks.  When the results are displayed, you can add an industry description to them.  And those results, along with many additional data fields, can be exported to EXCEL for further manipulation.
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Fractional factorial plans are of immense practical utility in many fields of investigation (particularly in experimental design, quality control, and quality improvment), and research in this area is progressing at a vigorous pace with an already voluminous and growing amount of research papers published.\n\n---------------\n\nPractical applications of recursion\nThere are many practical situations in which recursion can be a valuable technique—among them is the classic programming problem called Bill of Materials. This problem has at least two different applications, which include:\n\nGiven the demand for one instance of an object, produce the Bill of Materials required to build it. \nGiven specific inventory levels of the constituent objects that comprise an object, how many objects of this kind can we build? \n\n\n----------------\n\n"Practical Fibonacci Methods For Forex Trading." It covers everything you need to know about using Fibonacci levels for entries, exits and stops.Position ,swing and intra day traders will find this information useful.You'll learn how to boost your trading skills using precision trading.
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Use this...\n\nhttp://www.oanda.com/convert/fxhistory
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You are talking about BLACK BOX SYSTEMS. They DO NOT WORK.\n\nIf you really want to be successful in forex trading, you must learn how to do it yourself. There is not one true way of trading. If there was a magic box that would just make money automatically then that box would essentially be worth infinite dollars right?\n\n\nPlease read:\n\nForex: Beware of Frauds\nhttp://www.forextradinghq.com/forex-information/forex-resources/forex-trading-information-beware-of-frauds.html