This is Part Two of MetaTrader basics if you have not already done so I recommend you read Part One first. The first thing that we will look at in MetaTrader is charting. I have found that MetaTrader is one of the best free program for this purpose and it has a fairly large user…
Key Financial Announcements in the Forex Market
By Mark | Published September 1st, 2007It is very important to keep up to date with financial news releases. These news releases have a huge impact on the market. I would advise any new trader to make themselves aware of the time of these releases and stay out of the market during these times as they generally have high levels of…
Pips, lots and a little bit of math
By Mark | Published August 31st, 2007If you’ve had any experience in the foreign currency market or the forex market, I am sure you would have heard of the term pip. If however you are new to the forex market the term pip will probably have you thinking of those little seeds found in fruit. In terms of forex a pip…
The Forex market, Exchange Rate & Bid Ask Spreads
By Mark | Published August 30th, 2007The term Forex is short for Foreign Exchange. The Forex market is most widely traded market in the world. The figure most often cited as the trading volume for the Forex market is $1.9 trillion US dollars daily. If you wish to read more about where this figure came from read Making up the numbers….
Making up the numbers in Forex
By Mark | Published August 29th, 2007The figure of $1.9 trillion US dollars is often cited as the daily trading volume of the Forex market. What is often not presented is where this actual figure comes from. This figure originates from The Bank for international Settlement (BIS) Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. I know it…
Federal Reserve Chairman Speech (USD)
By Mark | Published August 27th, 2007Speeches from Ben Bernanke generally have an impact on markets. His speech can be downloaded from the Federal Reserve website.
American Consumer Sentiment (USD)
By Mark | Published August 27th, 2007Monthly survey on consumers expectations of future economic expectations. Download report from Reuters.
American Factory Orders Month on Month (USD)
By Mark | Published August 27th, 2007measures the number of new orders placed for durable and non durable goods placed with domestic manufactures. This report can be downloaded from the US Census Bureau website.
Chicago Purchasing Manager’s Index (USD)
By Mark | Published August 27th, 2007Results from monthly survey of purchasing managers. Download report from Kingsbury International website.
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