• London Session

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    February 11, 2011 | admin Training

    Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there are several financial centers all around Europe, it is London that market participants keep their eyes on. Historically, London has always been at a center of trade, thanks to its strategic location. It’s no wonder [...]

  • Tokyo Session

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    February 11, 2011 | admin Training

    The opening of the Asian session at 7:00 pm EST marks the start of the forex clock. You should take note that Tokyo session is sometimes referred to as the Asian session, because Tokyo is the financial capital of Asia. One thing worth noting is that Japan is the third largest forex trading center in [...]

  • Trading Sessions

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    February 11, 2011 | admin Training

    Now that you know what forex is, why you should trade it, andwho makes up the forex market, it’s about time you learned whenyou can trade. Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the whole day. You can make money trading when the market [...]

  • Forex Market Structure

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    February 11, 2011 | admin Training

    For the sake of comparison, let us first examine a market that you are probably very familiar with: the stock market. This is how the structure of the stock market looks like: By its very nature, the stock market tends to be very monopolistic. There is only one entity, one specialist that controls prices. All [...]

  • AUD/USD Recaptured Important Line

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    February 11, 2011 | admin News, Strategies, Training

    AUD/USD managed to reconquer an important line that served as resistance, and it now settles above it, as risk appetite is back in town. How will it close the week? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Thursday session:  The Aussie managed to break higher, settling above 0.9863. Current Range: [...]

  • China Steps Up Hot

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    February 11, 2011 | admin News

    BEIJING—China will step up oversight of inbound foreign-direct investment and pay special attention to hot-money flows into certain sensitive sectors such as the property market, Ministry of Commerce spokesman Yao Jian said Tuesday. The comment comes a day after China announced rules to curb such inflows by limiting property purchases by foreign individuals and companies. [...]

  • Why gold is a bad investment

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    February 11, 2011 | admin News

    Hedge-fund managers George Soros, John Paulson and Eric Mindich have surmised as much, judging by the massive stakes they held in SPDR Gold Trust ETF(GLD 130.44, +0.06, +0.05%), the leading exchange-traded gold fund and the world’s second-largest ETF with assets of almost $58 billion versus about $40 billion a year ago. The three hedge-fund titans alone controlled [...]

  • EURO,Crazy Currency Crisis

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    February 11, 2011 | admin News, Training

    It’s a long time since anyone could wholeheartedly sing, “When Irish eyes are smiling…” Smiles in Dublin have been in short order for sometime now. Anyone who has read MarketMind in the past will know that I whilst not anti European, I am no fan of the Euro. However, there is a great deal of [...]

  • China manipulates currency

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    February 11, 2011 | admin News

    NEW YORK (CNNMoney.com) — China continues to manipulate its currency and the nation’s “exclusionary” trade policies have contributed to a massive deficit with the United States, a special commission said Wednesday. According to a draft of its annual report to Congress, the U.S.-China Economic and Security Review Commission said lawmakers should urge the Obama administration [...]

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