FOREX: Inferences from the last week’s flux

Finally a positive week and gained had shown in EUR/USD. Forex Market is showing a very busy week now days with the rate decision being the climax.

In the past week, EUR/USD ranges between 1.3450 to 1.3690 and the highest range up to 1.3628. Initial resistance was tested twice a day in the last week. It appears at 1.3690, this is the major resistance line.

The range 1.3850 continues to be a strong barrier that is hard for EURO to break. Even higher, 1.40 and 1.42 are the resistance points for EUR/USD.

Even though this week is crowded with economic indicators of Forex the Greek crisis and their failures will continue to move the EURO. As per the reviews, it is seen that in past week the German prices are back to normal.

It was expected that the import prices would rise to 0.8 from the last month’s 0.5 rise. Also, it is seen that the Europe is suffering from a double digit unemployment rate, exactly 10 percent. Spain has almost 20 percent unemployment with 50 percent young people unemployment.

Last month was positive for German retail sales, with a rise of 0.9 percent. However, this month might see a small dip. A final service PMI is dropped from 52.2 to 52 according to the first release but it is still above the 50. According to the first flash release, the continent is being slows down in Q4, it grows up to 0.1 percent only after a rise of 0.4 percent in Q3.

Even the Germany economy stopped growing as per the past month reviews says, also the big countries cannot pull the zone on their own, European troubles are far from being resolved till now, but slowly picking up the usual track.

Tags: Forex, Forex strategies, Forex tips

Distinctive Features of Automated and Manual Trading

Forex trading is a valuable path to carry out the currency exchange transactions between countries and also allows an investment opportunity that is seeking investors on their risks.

In Forex Trading we have two choices to follow- an Automated Trading System or Manual Trading system. In Automated Trading system one has to set limits for each criterion whereas in Manual Trading trades are executed all the way through online trading account.

Generally, automated trading is preferred to manual trading. Since, automated trading is a program that will automatically do the working for the trader. The person’s responsibility is just to enter the forex trading account credentials and to start the software.

Now, the trader can indulge in some other work that is also important in the same time for making money.
Usually a beginner in trading uses Automated Trading to get an idea about the Forex trading. The main advantage of using automated trading that the beginner can able to trade like a professional, even if he has no idea of Forex trading.

Another advantage of automated trading is that trader will able to trade at any time of a day.

Manual Trading is poles apart from automated trading in a number of aspects. It involves direct trading via online trading account. There are some limitations in automated trading system. We are human and have intelligent brains, no computer can think for our benefits. We are capable to think independently since; our brain is an amazing tool. In manual trading one can set trading rules by him.

The rewards with manual Forex trading are enormous and the trader has to work smartly to set rules for the trading, to execute the trading system and have the discipline to follow it. Although we have seen that some computer robots are used to get profit, trader can earn more if apply trading tricks correctly.

Foreign exchange is a challenging market; where one can win by just keeping in mind their set rules and have confidence while applying those set of rules at the positions build up by you. Do not depend entirely on others and follow them blindly.

Learn currency trading for achieving long term gains. As a manual trader remember to have a disciplined approach. The trader who uses automated trading need to be confident enough in its logic. Trading an automated Forex trading system must have a patient personality and disciplined in their approach. At last choice is yours to choose the approach which will lead you to long term currency trading success.

Tags: Forex, Forex strategies