Experienced Forex Traders

If you are an experienced trader then you'll fall in love with these unique trading strategies, and will probably end up getting much of your profits from these strategies. Robert recently received a phone call from a Professional Fund Manager (one of those people who work for a big company trading on behalf of a large pool of investors). He called with a clarification question, and to congratulate him on the "*RAPID FOREX*" package (in particular the " FOREX Surfing " techniques). He told me that his company regularly buys any trading packages that becomes available to see what the techniques are incase they might learn something to be even more profitable in their trades for their clients. He stated that most training packages out there are a big waste of money, even scams, but he was surprised to find such useful techniques in the "*RAPID FOREX*" package. He declared that they will definitely be using these strategies for their clients - the same strategies you can now be using for yourself.

We've developed these various proprietary step-by-step strategies over a year of noticing some interesting things that happen in the markets very often (many times each week), and tried to figure out ways to profit from them. After pondering over the possibilities sooner or later a bright light went off in our heads and EUREKA! We figured it out! We then test out the strategies to make sure they work. For example we went right ahead and tried one of the strategies and made 30 pips in less than 5 minutes! (Lots of Money) We could have gotten more but we just wanted to test out the systems. We then continued to refine the strategies until they became "killer strategies" to consistently capture 20 to 150 pips, or even more, often many times a week! (Lots and Lots of Money)

Asian central banks decisions failed to move financial markets

Asian financial markets fluctuated this week affected by confidence in global markets, as Goldman Sachs fraud case had a strong negative effect on confidence. The European airspace shutdown at the beginning of this week pushed stocks down, but the positive earnings reported by U.S companies came to support equity markets.

This week witnessed a number of central banks rate decisions. Despite the fact that all decisions were inline with expectations, but they still might change the outlook for Asian economies this year and 2011.

The Reserve Bank of Australia’s minutes for the this month’s meeting when policy makers decided to raise interest rates by 25 basis points to 4.25%, said that inflationary pressures increased alongside accelerating growth. Inflationary pressures forced policy makers to raise borrowing costs for the fifth time in six meetings in order to control inflation.

Moreover, policy makers said the spike in the mining sector may push inflation higher, as it became the main reason behind raising interest rates towards their normal levels, referring to future steps for 2010.

As for the Reserve Bank of India, it raised the repurchase rate and the reverse repo rate, and asked lenders to increase their cash reserves, as the bank aims at taming inflation, especially that it’s accelerating at the fastest pace among the G 20.

The Indian central bank raised the repurchase rate by 25 basis points to 3.75%, and the reverse repo rate was raised to 5.25%; which was alongside markets expectations.

Accelerating inflation on the year in India was the main reason behind raising interest rates between banks and asking lenders to raise their reserves by 25 basis points to 6.00%; especially that the inflation rose in March to the highest since the end of 2008.

On the other hand, Sri Lanka's central bank kept rates unchanged at the lowest since November 2004 at 7.5% for the fifth straight meeting, as the bank is working to support economic recovery after the end of civil war that took 26 years. The bank also kept the reverse repo rate ay 9.75%.

Keeping interest rates at their low levels helped support the recovery from the recession, and helped the government win a second term in the parliamentary elections which took place this month; especially that the government is working to provide job opportunities after the end of the civil war.

Philippines central bank decided to keep interest rates at 4.00% for the seventh straight meeting, and the bank's decision was inline with analysts' forecasts. The bank raised its forecasts for inflation this year to an average of 5.1% compared with 4.65% that was previously forecasted, while the bank expects inflation to reach 3.7% compared with earlier forecasts of 3.45%

Few Fundamentals turned Investors' Focus on Companies' Earnings, as the Earnings Season Continues to Impress

Few fundamentals were released from the U.S. economy throughout this past week, and accordingly investors turned their focus to equity markets, where several U.S. companies announced their financial results for the quarter ending March 2010, the data though signaled that economic activity continues to improve as the recovery prevails, while most of the earnings released so far signaled strong performance by U.S. companies.

The start dear reader was with the leading indicators index which was released for the month of March, where the index is believed to measure future economic activity in the upcoming 3 to 6 months, the leading indicators expanded by 1.4% from the prior revised estimate of 0.4% and well above estimates to signal that the U.S. economy continues to walk down the path of recovery.

The U.S. economy continues to show more signs that the worst recession since WWII is coming to an end, though the economy is still facing some challenges ahead including elevated unemployment and tightened credit conditions, as both continue to weigh down on income and spending levels, yet so far income and spending remained resilient, where both continued to rise at a moderate rate.

Meanwhile, the producer price index was also released to show that inflationary pressures are still under control, though headline inflation seems to be picking up amid the recent increase in energy prices, however, core inflation remains rather subdued, where the core PPI increased by an annualized 0.9% only, though headline PPI increased by an annualized 6.0%.

The Federal Reserve Bank expects inflation to remain subdued over the upcoming period, as elevated slack levels in economic activity continue to push prices lower, while the outlook for inflation remains stable and that will help the Feds in their case, as they are trying to make sure that the recession is finished once and for all, and that the economy can fulfill its long term growth potentials.

Moreover, data from the housing market provided hope for investors and confirmed the Feds’ earlier statement in the Beige Book, as they noted an increase in housing market activity. The existing home sales index increased well above expectations in March by 6.8% to an annual rate of 5.35 million units, while the new home sales index also confirmed this improvement by showing a significant rise of 26.9%.

The durable goods orders index showed some disappointment after dropping by 1.3% opposing expectations for a rise, however, durables that exclude transportation increased well above expectations.

Meanwhile, U.S. companies continued to impress over the course of this week, where major companies from different sectors announced strong results, as most companies managed to beat expectations, and that provided a strong base for stock markets to extend the rally, where the Dow Jones Industrial Average continued to trade above 11000, while the S&P 500 index extended its gains above 1200.

The U.S. dollar on the other hand fluctuated against its major counterparts, where pessimism from Greece’s debt problems supported the U.S. dollar and helped it to gain against major currencies, especially the Euro, while gold and oil also fluctuated throughout the week, though both headed generally lower as a result of the dollar’s strength.

Every potential forex trader should learn as much as possible before starting to trade. If you have any pretensions in making money from forex, you should invest in educational tools which can make you a better forex trader and reduce the risk of taking a big hit early in your trading days.

For starters, here are a couple of useful books you should read:

"Reminiscences of a Stock Operator" - by Edwin Lefevre. This is a classic trading text written in 1923 about trading legend Jesse Livermore and although not about forex, it's trading wisdom is timeless and this should be read by all traders.

"Bird Watching in Lion Country"- Retail Forex Trading Explained
This outside-the-box ebook explains various strategies including how to use "relational analysis" - using basic technical analysis coupled with fundamental analysis (rather than relying on just one or the other) which creates a more powerful synergistic strategy. Also helps you to create your own system using leverage, discusses the myths of "random" timing signals where many traders fall down, and using cost averaging trade entries.
This book is available here