Foreign Currency Trading

As usual, this is another great piece from the Daily Show last night on how Tim Geithner can’t sell his house:

Go to Source

This video preview offers not only intraday outlook for GBP/CHF London trading session but also a long-term technical forecast for this currency pair.

Posted on Forex Video Zone.
Go to Source

Unfortunately the forex market has not escape the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning of May. In New York for example, forex spot trading volume fell to the lowest level in more than 3 years.

London remains the most active forex trading center followed by NY and Tokyo. The EUR/USD is still the most actively traded currency pair by far.

Here are some stats (all of data is in billions of U.S. dollars):

London (link to report)

- Britain is the world’s biggest FX trading hub with over a third of global turnover.
- Average daily turnover in forex products fell 20% since October 2008 to $1,356B, down 25% from April 2008
- Majority of decline was attributed to less activity in spot FX which fell 28%
- The most heavily traded currency pair was euro/dollar, which accounted for 32% of total turnover.

New York (link to report)

- Daily FX market turnover fell 26.3% to $527B, the lowest level since October 2005
- Spot transactions dropped 25.2%, Option trades fell 48.4%

Most Heavily Traded Currencies (Spot Transactions) in NY

Tokyo (link to report)

- Daily FX Market Turnover Fell 16 percent

Singapore (link to report)

- Daily Foreign Exchange turnover down 21 percent compared to October 2008

Canada (link to report)
- Daily Foreign Exchange turnover down 11.3 percent, lowest volume since April 2007

Go to Source

This video features a basic tutorial for the most popular on-line Forex trading platform — MetaTrader 4. From this video tutorial you’ll learn how to set up an account, manage charts and modify chart properties.

Posted on Forex Video Zone.
Go to Source

This short video tutorial shows how to use the IREGR Channel indicator for MetaTrader platform. This indicator is capable of showing the price trend ranges with the expected price variation channel, in which one can trade. This indicator also offers breakout trading opportunities. It’s a modified version of the standard indicator and it’s available for download for free.

Posted on Forex Video Zone.
Go to Source

There has been alot of economic data from Canada this week. I have written about the loonie extensively in special reports on FX360. This afternoon I got the opportunity to express my views about the Canadian dollar and other commodity currencies on the Business News Network. Click on the image below to access the video.

Go to Source

This London Forex trading session video preview highlights some important support and resistance levels for GBP/USD, GBP/CHF and USD/JPY currency pairs during rather tough untrendy conditions.

Posted on Forex Video Zone.
Go to Source

I haven’t blogged for a while and I apologize for that because I’ve been busy with FX360.com and preparing for the Las Vegas Forex Traders Expo at the end of the month.

However, this is a great image that I found in the NY Times. It shows which sectors have lost the most jobs and which sectors are growing.

Go to Source

London trading session preview video with the EUR/JPY and EUR/USD analysis for today.

Posted on Forex Video Zone.
Go to Source

This very short Forex video shows and explains how to trade using Stochastic indicator on various financial markets, including currencies, stocks and commodities.

Posted on Forex Video Zone.
Go to Source