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| Started By | Thread Subject | Replies | Last Post | ||
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| DgTaFan | Automatic Forex Trading - A Look At US Non Farm Payrolls | 0 | Oct 20 2010, 10:07 AM EDT by DgTaFan | ||
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Thread started: Oct 20 2010, 10:07 AM EDT
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Most people who get involved with automatic forex trading do not realize how significant to the global financial markets the US Non-Farm Payroll happens to be. Many people ask me , "why does the monthly US jobs number make the market jump up and down so much after it is released ?" To give you an answer we must realize at what the US jobs number actually represents. Then we will have our insights as to why it makes the markets move like nothing else .
Each month, on the first Friday, the US Non-Farm payroll report is released . This report is put out by the US Bureau of Labor and Statistics and what it quantitatively measures , is the new job number, excluding farming , created in the prior month by the US economy . It is of such importance because this number is a reflection on the health of the economy in the US, and thus affects the global economy as well. After all , in the world, the US economy happens to be the largest and consumer spending is the main component driving the economy in the US ; actually making up 70%! Thus , in automatic forex trading, since the interest rates in a country is the main factor that affects the currency's strength or weakness, you need to take a look at what actually drives those rates ; or the interest rate policy set by the US Federal Reserve . The main piece of data that is used by the Fed is the jobs report to set short term interest rates and because of this, this report can and usually does , lead to quite a bit of volatility in various markets . Why does this report have anything to do with the short term interest rates set by the Federal Reserve? A wonderful question! If the jobs report is on the strong side usually it means that people have employment and the utilization of resources is high .
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| DgTaFan | Automatic Forex Trading - A Look At US Non Farm Payrolls | 0 | Oct 20 2010, 9:44 AM EDT by DgTaFan | ||
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Thread started: Oct 20 2010, 9:44 AM EDT
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Most people who get involved with automatic forex trading do not realize how significant to the global financial markets the US Non-Farm Payroll happens to be. Many people ask me , "why does the monthly US jobs number make the market jump up and down so much after it is released ?" To give you an answer we must realize at what the US jobs number actually represents. Then we will have our insights as to why it makes the markets move like nothing else .
Each month, on the first Friday, the US Non-Farm payroll report is released . This report is put out by the US Bureau of Labor and Statistics and what it quantitatively measures , is the new job number, excluding farming , created in the prior month by the US economy . It is of such importance because this number is a reflection on the health of the economy in the US, and thus affects the global economy as well. After all , in the world, the US economy happens to be the largest and consumer spending is the main component driving the economy in the US ; actually making up 70%! Thus , in automatic forex trading, since the interest rates in a country is the main factor that affects the currency's strength or weakness, you need to take a look at what actually drives those rates ; or the interest rate policy set by the US Federal Reserve . The main piece of data that is used by the Fed is the jobs report to set short term interest rates and because of this, this report can and usually does , lead to quite a bit of volatility in various markets . Why does this report have anything to do with the short term interest rates set by the Federal Reserve? A wonderful question! If the jobs report is on the strong side usually it means that people have employment and the utilization of resources is high .
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Keyword tags:
automatic forex
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automatic forex trading
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| DgTaFan | Automatic Forex Trading - A Look At US Non Farm Payrolls | 0 | Oct 20 2010, 9:37 AM EDT by DgTaFan | ||
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Thread started: Oct 20 2010, 9:37 AM EDT
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Most people who get involved with automatic forex trading do not realize how significant to the global financial markets the US Non-Farm Payroll happens to be. Many people ask me , "why does the monthly US jobs number make the market jump up and down so much after it is released ?" To give you an answer we must realize at what the US jobs number actually represents. Then we will have our insights as to why it makes the markets move like nothing else .
Each month, on the first Friday, the US Non-Farm payroll report is released . This report is put out by the US Bureau of Labor and Statistics and what it quantitatively measures , is the new job number, excluding farming , created in the prior month by the US economy . It is of such importance because this number is a reflection on the health of the economy in the US, and thus affects the global economy as well. After all , in the world, the US economy happens to be the largest and consumer spending is the main component driving the economy in the US ; actually making up 70%! Thus , in automatic forex trading, since the interest rates in a country is the main factor that affects the currency's strength or weakness, you need to take a look at what actually drives those rates ; or the interest rate policy set by the US Federal Reserve . The main piece of data that is used by the Fed is the jobs report to set short term interest rates and because of this, this report can and usually does , lead to quite a bit of volatility in various markets . Why does this report have anything to do with the short term interest rates set by the Federal Reserve? A wonderful question! If the jobs report is on the strong side usually it means that people have employment and the utilization of resources is high .
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Keyword tags:
automatic forex
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automatic forex trading
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| DgTaFan | Automatic Forex Trading And The Money Management Basics | 0 | Oct 5 2010, 1:39 PM EDT by DgTaFan | ||
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Thread started: Oct 5 2010, 1:39 PM EDT
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Automatic forex trading allows anyone, anywhere, to make a nice amount of money . What better way to make a living than waking up every morning, having a cup of coffee , and then setting up your upcoming trading day while still in your boxer shorts ? Not bad ! Hang on because while it really can be so relaxing and easy most people quickly find out that it is not that easy at all . That's why this article is dedicated to basic money management principals - because if you have your money management game-plan in place success is more likely for you.
So why, if this area of money management is so very important , do so many people ignore or overlook it ? That's a great question and one you need to take a hard, long look at if you intend on succeeding in this market . My own feeling is that most people skip right over this aspect of trading , money management principles, because it is not "sexy" . Really, how many really interesting accountants do any of us know ? That is what this side of the fence is all about ; boring numbers and more boring numbers . With all of that said , it is only going to be boring if you approach it in this way. If you look at this as boring, it will be boring and it's something you won't want to do. If you look at this as an important key to becoming a automatic forex trading professional and you keep focused on the possibility of success ahead if you spend some time thinking your tactics for money management through....well then, it can become pretty darned exciting . Ok, you're sold on the fact that you must now focus in this area . Great ! What is it about ? The following are the keys by importance, you'll have a great start if you follow them : over leveraging yourself should never be done, on each trade you need to keep the leverage consistent, never add to losers but add to winners . That is all .
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| DgTaFan | What You Should Know About Greece, The Euro, And The EU | 0 | Sep 27 2010, 12:07 PM EDT by DgTaFan | ||
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Thread started: Sep 27 2010, 12:07 PM EDT
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What You Should Know About Greece, The Euro, And The EU
Automatic forex trading has been unpredictable recently because of Greece's debt crisis. The fear is that this debt crisis in Greece will spread to other heavily indebted countries in the European Union (EU) such as Portugal, Italy, and Spain. As a result of what has happened , the Euro currency has plunged nearly 11% against the US Dollar . There are a few questions we need to ask as we look at this situation : Is the end of the Euro sell off here and is the recent strength in the US Dollar a result of strong fundamentals in the United States or of weakness in the Euro ? The questions are very important because the answer to the first question will be impacted by the answer to the second one . I believe that there is a benefit to the US dollar currently only because of the weakness of the Euro . Consumer spending in the US economy has picked up steam only because for some time the rates have been near 0% from the Federal Reserve . What will happen when the Fed is forced to raise rates ? Will the economy in the US be able to deal with this ? More than likely, no. You have to keep in mind that there is more spending right now by consumers because many consumers are simply walking away from other payments, such as mortgage, auto, and credit card payments. This allows consumers to have more income than usual and so they can spend more money on things such as clothing, new electronic items, and meals out . Here we go with the punch-drunk consumer once again . In the last boom inflated by the Federal Reserve it was not sustainable and this time is not different . Inflation or default are the only two options for the US Dollar in the next several years and those two things can only mean disaster for the Greenback . When doing automatic forex trading making money is naturally the goal . We have no biases. We only want to use our foresight for a profit .
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| DgTaFan | How Can Your Portfolio Benefit With Automatic Forex Trading? | 0 | Sep 14 2010, 11:00 AM EDT by DgTaFan | ||
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Thread started: Sep 14 2010, 11:00 AM EDT
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Automatic forex trading can be done in so many different forms and for various reasons that just figuring out where to begin is tough . After all, should you open up an account at a brokerage that specializes in FX trading , or is a brokerage that allows you to exchange traded funds, trade options, stocks, and futures a better idea? As if this decision isn't sufficiently overwhelming on its own , then you have to figure out if you want to use FX trading as a speculative tool or a hedging tool, long term or short term, aggressive or conservative, etc . There are, needless to say, many things that one must consider before starting out .
While the questions we just mentioned are enough to start up a multi volume response, in this article we're going to focus on the basics . The easiest way to get comfortable within this world of FX trading is to go ahead and open your account with a fx trading specialist brokerage . Which broker should you go with? That is a topic that is better left for another article. Just make sure you do your research and due diligence before depositing money anywhere ! Now that your Automatic Forex Trading is working and you are getting started , it's time to find out more about what you are participating in. In this example , we suggest that since you started with an account with a specialized broker , you are going to be starting out by trading spot contracts or cash contracts . Without turning this into something complicated, this simply means that you're trading current price in the global market right where it is that second. David F Dacosta - Is a private trader using technical analysis to do automatic forex trading & futures trading. David makes specific trade recommendations for a small select group of traders. He uses drummond geometry to make his forecasts. Click Here for training materials and a free forex trading forecast.
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