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Thread: Main Economic Indicators of the world

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    Default Main Economic Indicators of the world

    Jobless Claims

    Definition: New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.

    Machine orders (Japan)
    Definition: Machine Orders Data (also known as Machine Tool OrderData) is a figure issued by Japan Machine Tool Builders Association(JMTBA) every month. It serves as one indicator of the Japanes eeconomy. In the forex market, the release of such data is often followed by sharp change in currency exchange rate.

    Monetary Base (Japan)

    Definition: The monetary base is the "Currency Supplied by the Bankof Japan" and is defined as follows. Monetary base = Bank notes in Circulation + Coins in Circulation + Current Account Balances (Current Account Deposits in the Bank of Japan)

    Monetary Policy

    Definition: An attempt to influence the economy by operating on such monetary variables as the quantity of money and the rate of interest. The nation's central bank is usually involved with monetary policy.

    Money Supply

    Definition: The money supply is basically defined as the quantity of money (money stock) held by money holders (general corporations,individuals and local governments).

    M1

    Definition: A category of the money supply that includes all coins,currency and demand deposits (that is, checking accounts and NOW accounts).

    M2

    Definition: A category of the money supply that includes M1 in addition to all time deposits, savings deposits and non institutional money-market funds.

    M3

    Definition: A category of the money supply that includes M2 in addition to all large time deposits, institutional money-market funds, short-term repurchase agreements and certain other large liquid assets.

    National Association of Purchasing Managers (NAPM CHICAGO)

    Definition: The Chicago PMI (officially known as the BusinessBarometer) is a monthly composite index based on opinion surveys ofmore than 200 Chicago purchasing managers regarding the manufacturing industry. The survey responses are limited to three options: slower, faster and same. As such, the index will not capture if a component is growing but at a much slower rate or vice versa. The index is a composite of seven similarly constructed indexes including: new orders, production, supplier delivery times, backlogs, inventories, prices paid, and employment. New orders and orders backlog indices indicate future production activity. It signals factory-sector expansion when it is above 50 and contraction when below it. The index is seasonally adjusted for the effects of variations within the year, differences due to holidays and institutional changes. Because it is an opinion survey, it is often influenced by respondents' perception of current events, as opposed to actual hard data. Also, it does not capture technological and production changes, which make it possible for production to expand, while employment contracts. Because the Chicago PMI is released the day before the ISM, it is watched in order to predict the more important ISM report, which is in itself a good leading indicator of overall economic activity. It frequently moves markets.

    New Home Sales

    Definition: The New Home Sales report shows the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends, and economic momentum signaling consumer purchases of furniture and appliances. Simply, the volume of sales indicates housing demand. Also, the monthly supply of homes serves as an input into the level of housing pressure.

    However, when analyzing sales trends, one must remember to take into account unusual weather and seasonal effects

    NY Empire State Index

    Definition: The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 175 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an assortment of indicators from the previous month. Respondents also give their views about the likely direction of these same indicators six months ahead. This index is seasonally adjusted using the Philadelphia Fed's seasonal factors because its own history is not long enough with data only going back a couple of years.

    Personal Income

    Definition: Personal income is simply the income received by individuals, non-profit institutions, and private trust funds. This indicator is vital for the sales sector. Without an adequate personal income and a propensity to purchase, consumer purchases of durable and nondurable goods are limited.

    Philadelphia Fed Survey

    Definition: A composite diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey is widely followed as an indicator of manufacturing sector trends since it is correlated with the NAPM survey and the index of industrial production.

    Producer Price Index

    Definition: The PPI gauges the average changes in prices receivedby domestic producers for their output at all stages of processing. The PPI data is compiled from most sectors of the economy, such as manufacturing, mining and agriculture.

    Productivity

    Definition: The economic measure of efficiency summarizing the value of outputs relative to the value of inputs.

    Purchasing Managers Index (PMI)
    Definition: The Index is widely used by industrialized economies toassess business confidence. Germany, Japan and the UK use PMI surveys for both manufacturing and services industries. The numbers are arrived at through a series of questions regarding Business activity, NewBusiness, Employment, Input Prices, Prices Charged and Business Expectations. In addition to the headline figures, the prices paid components is highly scrutinized by the markets for evaluating pricing power and inflationary risks.

    Retail Sales

    Definition: The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the most timely indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences.Retail sales include durable and nondurable merchandise sold, andservices and excise taxes incidental to the sale of merchandise.Excluded are sales taxes collected directly from the customer. It also excludes spending for services, a large component of consumer expenditures. Retail sales is a the first picture of consumer spending for a given month. Retail sales are often viewed ex-autos, as autosales can move sharply from month-to-month. Also, gas and food component changes are often a result of price changes rather than shifting consumer demand. Retail sales can be quite volatile and theadvance reports are subject to large revisions.

    Tankan Survey

    Definition: An economic survey of Japanese business issued by the central Bank of Japan, the survey is conducted to provide an accurate picture of business trends of enterprises in Japan, there byc ontributing to the appropriate implementation of monetary policy . The report is released four times a year in April, July, October and mid-December.

    Tertiary Industry Index (Japan)

    Definition: The tertiary index measures activity in six industries: utilities, transport and telecommunications, wholesale and retail, finance and insurance, realestate and services.

    Treasury International Capital (TIC)

    Definition: These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities.

    Unemployment Rate

    Definition: The percentage of the people classified as unemployed as compared to the total labor force.

    Wholesale Trade

    Definition: Wholesale Trade is the dollar value of sales made and of inventories held by merchant wholesalers. It is one of the components of business inventories. Statistics include sales, inventories, and stock/sale ratios, collected via mail-out/mail backsurvey of about 7,100 selected wholesale firms.

    ZEW

    Definition: The ZEW works in the field of user-related empiricale conomic research. In this context it particularly distinguished its elfnationally and internationally by analysing internationally comparative issues in the European context and by compiling scientifically important data bases. The ZEW's duty is to carry out economic research,economic counseling and knowledge transfer. The institute focuses on decision-makers in politics, economics, and administration, scientists in the national and international arena as well as the interested public. Regular interviews on the situation on the financial markets and business-related service providers as well as large-scale annual studies on technological competitiveness of and innovation activities in the economy are representative of the different types of top icalinformation provided by the ZEW. The ZEW is subdivided into the following five research fields: International Finance and Financial Management; Labour Economics, Human Resources, and Social Policy; Industrial Economics and International Management; Corporate Tax ationand Public Business Finance; Environmental and Resource Economics, Ecomanagement.

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    fine,but how do they move the market?

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    Default Rules Of Trading

    Rules Of Trading

    Trade Only When Trend and Position Indicator Agree
    Trade With Your Mind, Not Your Heart
    Trade Actuarially. Trade With a Clear Goal in Mind !
    Avoid Being A Psycho-Trader!
    No System is Infallible! Risk No More Than 5 % Equity per Live Session
    Accept Losses as Graciously as You Accept Profits

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    Default

    is it advisable for a newbies to user expert adviser?

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    Default

    This is a video to show you how to add custom indicators and templates to your metatrader4 software:
    http://www.youtube.com/watch?v=9UnQd...eature=related

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    Hi guys,
    i am looking for pivot points on the mt4, but i can't find it is it not there?? if so can somebody tell me where can i download the indictaor??

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    Default What Is The Difference Between Forex and Futures?

    A Forex trader could trade more transaction compared to the futures market (the trading volume could be a times larger), and the risk will be strictly under control. The trading volume of the Forex market is 46 times larger compared to the futures market, moreover Forex traders could make more profit from the Forex market due to the larger trading volume (the transaction volume is a few times larger), the REFCO Switzerland rich transaction platform allowed transaction between 1-100 times to be carry on, moreover a Forex trader could decide his or her own transaction amount, for example: Your account has $30,000, the basic transaction unit is each $1,000 (which transaction amount in $1.00, million), namely, so the proportion of the margin of each transaction unit is 100:1.

    The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required, the Forex trading system will automatically settle your position, this means even if a Forex trader suffered losses, moreover if the market is suffering from a disaster fluctuation, your loss could not surpass your account amount. In order to understand the advantages, please apply for the demo account to carry on the complete zero risk.

    A Forex trader will receive a large limitation of liquidation and a relatively fair market because the trading volume of the Forex market is large and it is also the largest liquidation market in the world. At present the trading volume in the Forex market is 140 billion Dollars, such big market will completely digest your transaction cash.

    A Forex trader may do 24 hours transactions and other markets are different, the Forex market is a 24 hour linkages market, it starts from every Sunday before dawn Australian Sydney market, substandard collect the transaction center Singapore, Tokyo, London, Frankfurt to New York continuously to open, such linkage market enable you to do 24 hours transactions, also provide flexibility for Forex trader to do transaction

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    Yen Carry Trade consists of borrowing the Japanese currency at zero cost (we are back at 0.5% since a while) and placing that money on T bonds for instance, which guarantee 4.5% in US dollars. The trader is then sure to make an easy 4.5% profit. That worked very well for a few years (when the yen was falling), but if the yen continues to rise against the other currency, the transaction will lead to huge losses, especially when leverage is used to the full.

    The Yen chart speaks out an undeniable truth : the Japanese currency has now entered a bullish trend. You are going to witness this rise of the yen and understand the strength of this market over the next few months. Nothing will stop it, not the incantations of the European Central Bank nor the American Federal Reserve, not even the Japanese Central Bank

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    Forex risks are always present when you trade Forex. Just like any other investment vehicle, Forex trading does have its risks. Here are some tips and information on the risks inherent in Forex trading as well as how to minimize some Forex risks.



    Forex stands for foreign exchange and Forex is the largest financial market in the world today with almost 2 trillion dollars worth of daily trades. Forex is a trading platform that many people can access from the privacy of their own home. There is no central market for Forex and you can enjoy 24 hour trading around the world each day.




    There are many people that sign up to trade Forex that dont understand or take the time to learn how and why to trade Forex. There are many risks involved in trading any kind of asset, whether it is stocks, bonds or currencies. If you are interested in trading, make sure you understand Forex risks.

    One of the biggest Forex risks is a leveraged buy. Some Forex brokerages allow you to hold a certain amount of money in your account but leverage that amount to up to 200 times its worth. While this can be good if you are on the winning side of a trade, this can be devastating if you lose your entire accounts worth plus many times more.

    Many Forex brokers have special features that can limit your risks such as stop loss and limit orders and no negative balances. If you are interested in trading Forex, before you start to trade, learn and understand the Forex risks involved

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    Default This is why you should trade Forex online.

    Forex is the largest market in the world, multiplying the equities market and the futures market even combined together. The forex users enjoy unlimited liquidity and flexibility, with more than 1.9 billion dollars exchanging hands on a daily basic. One of the many advantages the forex have to offer is to trade online 24/7 due to the fact the Forex market is never close, opening Monday morning in New Zealand at 7 AM until 5PM New York time on Friday. Yes, the Forex is open all night, what makes online trading the most affective, attractive and useful way to use all the opportunities the market have to offer. You can trade online on your free time while keeping your daily job, you can choose when you want to trade and by determining stop-loss you can go to sleep/work with a crystal clear mind. Trading online is the fastest way to fully use your investment assets, for small and large investments as one.

    The Forex is a transparent market, any one can study the market, do his own research about a certain currency and find out all the data he needs about the countries involves (they're a lot of privet organizations who offer different reports and indicators). The broker/firm you choose to work with make a profit from the bid/ask spread (a very small cut) what gives you the option to trade without calculate commissions and fees when executing a trade. You read right, trading Forex online is commission free, no exchange fees or any other concealed fees.

    Most of the online Forex broker firms offer variety of leverage ratios, from mini Forex lots, that can easily opened with a small fund such 200$, to 200:1 margin ratio for a regular Forex lot. Keeping that in mind can explain why more and more people are starting to trade Forex online; you can make the most of your investment resources.

    For conclusion, the Forex market is amazingly fast; any small movement can double you funds or empty your account. You need to be with your finger on the trigger, trading online is the fastest and efficient way to trade- Your order can be executed, filled and confirmed within 2 seconds. Online Forex trading can do anything you want quickest and in more profitable way than any other market. So sign up, log in and start increasing your finances

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    Default Understating Forex trading.

    A lot of rookie traders don't really know what the basics of the Forex market are, and that's one of the foolish moves an investor can do. So let me explain in simple terms, to help you, the average trader to become more successful in what you do. In the market, currencies are traded in much smaller divisions than cash. Whereas the smallest division in US cash is the penny ($0.01), US currency can be traded on the market in divisions of $0.0001. This smallest partition is called the pip (short for Price Interest Point - sometimes just called 'points'). Since currencies are traded in large lots of (i.e.) $100,000 - small movements in value can generate substantial profits and losses. In a lot of US$100,000 one pip is worth $10 so an increase in 40 pips (4/10 of one cent) can generate a profit or loss of $400.

    Currencies are traded in lots of various sizes. The standard lot is 100,000 units of the base currency. A unit is the currency name e.g. one unit of US dollars is the dollar. So a standard lot of US currency is worth $100,000. Forex trades can have lots of various sizes - a mini lot is 10,000 units, but the most trades are done using standard lots.

    Various currencies have different sized pips in the Forex market. The US dollar is expressed in pips of 0.0001 while the Japanese yen is expressed in pips of 0.01. The value of a pip depends on the size of a lot and the currency pair traded. Currency pairs with USD as the quote (second) currency (e.g. CAD/USD) always have a pip value of $10 per standard lot or $1 per mini lot. A pip value calculator can be used to calculate other currencies.

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    Default Your type of analysis

    There are two principal and confronting schools in Forex analysis - the fundamentalists and technicians. Both are supposed to be right. Sometimes technicians are more successful, other times the fundamentalists are gaining more profit. And usually when one group of analysts makes a mistake the other surely says, "We told you so." So, which one to chose? There are many possible answers to that question, and three of them are the most popular.

    If you are a "long-term" Forex investor in search of enterprises with big capital, growth and income potential, the fundamentals are better. If you are a "short-term" Forex investor, or a Forex market trader, in search for companies who are "on the verge" of being discovered, fundamentals will be better. If you are a "long-term" investor who is not as concerned about one company's basics because you will diversify to minimize risk, or you are a "short-term" investor waiting for investor sentiment to change, then technical analysis will be useful for you.

    Nowadays many traders use both fundamental analysis and technical analysis. The technicians tell you about the broad market and its trends. The fundamentalists tell you if an issue has the "basics" for reaching your investment goals. Fundamental and Technical analysis are different in many points. There isn't clear answer, which method has gained more profit during a definite period of study. It's better to use the best ideas from each side. Then the result will be impressive.

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    Default Five Guidelines for Swing Trading

    Get the big picture.

    Swing traders must know how the market is acting and reacting. Using fundamental analysis and technical tools and indicators can help the swing trader to forecast more accurately the direction of a currency pair. However, the fundamental data will provide the most accurate information on the demand for a particular currency, which will show the direction in which it is likely to move.

    Use technical analysis.

    A trading opportunity is often spotted using charts, trend lines, and support and resistance levels. Entry and exit points are more easily determined when using technical indicators that can show everything from resistance and support levels to whether a currency is overbought or oversold. Fundamentals that provide the big picture will not give the trader the entry and exit points for a trade. Using technical analysis is critical so that the trader can determine whether a trade is ripe for entry and when to take the maximum profit.

    Know trading events and data.

    Certain economic events and data can make the currencies trend in a certain direction. Central bank announcements, certain economic reports, and other market-moving news items can lead to short-term trends lasting anywhere from an hour to several days. Swing traders need to be aware of these events so they can take the maximum profit from the currency price movement.

    Know the risk-reward ratio.

    Like day traders, swing traders must know the risk-reward ratio on every trade. Since more time is usually spent on research and analysis in swing trading, the opportunity to perform this quick analysis will arise and should be taken. Since swing traders will hold an open position for a few hours to a few days, their exposure is greater than day traders. Greater exposure (or risk) means that the potential reward should also be greater. A good risk-reward ratio for swing trading is 3:1 or 4:1. A swing trader should never enter a trade when the risk-reward ratio is 2:1 or 1:1.

    Trade currency pairs that are showing a strong trend.

    A currency pair can either move in a trend or within a range. Swing traders need currencies to move in a particular direction. In other words, the currency must be showing a strong and reliable trend. The best way to determine whether a currency pair is trending is through the use of charts. Visual tools can clearly show if a currency is experiencing a trend.

    Many swing traders also use trend lines to delineate the trending pattern of a currency. The best way to determine the strength of a trend is through the Average Directional Index (or ADX) number. When the ADX number is high, trend is strong. When the number is low, the trend is weak or nonexistent. Ideally, swing traders are looking for currency pairs with an ADX number of 30 or more.

    by : Robin Lofton, forextrading.about.com

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    Default More Forex Trader Mistakes

    Yes, there are more mistakes that a trader can make. These didn't make it into the Top Five list, but they are still serious. Below are five common mistakes made by traders. Read them carefully -- and avoid making them yourself.

    1. Trading Too Many Currency Pairs
    This is similar to trading too many lots at the same time. Many traders focus on too many currency pairs at the same time. With nearly 200 currencies available to trade, this can be quite confusing. Most experienced traders will focus on trading only the majors. Still, other experienced trader will focus on a single, high-volume, currency pair like the USD/EUR or USD/JPY. Novice traders should limit their trading to one or two currency pairs. Moreover, one of the currencies should be the USD.

    2. Failure to Use a Trading System
    A trading system provides structure and parameters to every trade and encourages discipline for traders. However, many traders believe that a trading system is too restrictive and will cause the trader to miss good trading opportunities. It is true some good trades will be missed by using a trading system. However, many profitable and reliable trades can still be found, profits can still be secured, and losses can definitely be minimized with a good trading system.
    3. Lack of Trading Discipline
    This is related to having a good trading system. A trading system is only good if the trader is disciplined and follows the rules of the system. However, many traders depart from their trading system in the belief that they know better than the system. This usually results in a financial loss. Most experienced traders have the discipline to follow the rules of their trading system. Some people use an automated trading system to prevent undisciplined trading.
    4. Trading Obscure Currency Pairs
    There are nearly 200 currencies that can be traded. It might sound exotic to trade little known currency pairs, but it is also risky. Obscure currency pairs are usually plagued with low volume and weak trends. They can also be extremely unpredictable. For these reasons, it is wiser for a novice trader to focus on the major currencies, which are based on strong economies and responsible central banks. They will have large volumes, high liquidity, and well-known trading characteristics. Trading the major currencies increases the potential of a successful trade.
    5. Lack of Trading Goals
    Like a trading system, a trading plan or goal is very important. Ask yourself: why are you trading? Are you trading for extra money or as your primary income? Do you want to trade round-the-clock or for just a few hours each week? Every trader should know the big picture of why he or she is trading Forex. Without long-term trading goals, the trader is unfocused and lost in this huge world of currencies.

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    Default OCO - Important Forex order.

    One Cancels the Other (OCO) - this order is used in Forex when placing a limit order and a stop-loss order at the same time. If either order is executed the other is automatically cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.

    Example OCO Transaction: Buy: 1 standard lot EUR/USD @ 1.3228 = $132,280 Pip Value: 1 pip = $10 Stop-Loss: 1.3203 Limit: 1.3328 This is an order to buy US dollars at 1.3328 and to sell them if they fall to 1.3203 (resulting in a loss of 25 pips or $250) or to sell them if they rise to 1.3328 (resulting in a profit of 100 pips or $1,000).

    Here's another example from the Forex market:
    The current bid/ask price for US dollars and Canadian dollars is USD/CDN 1.2152/57 meaning you can buy $1 US for 1.2152 CDN or sell 1.2157 CDN for $1 US. If you think that the US dollar (USD) is undervalued against the Canadian dollar (CDN) you would buy USD (simultaneously selling CDN) and wait for the US dollar to rise. This is the transaction: Buy USD: 1 standard lot USD/CDN @ 1.2157 = $121,570 CDN Pip Value: 1 pip = $10 Stop-Loss: 1.2147 Margin: $1,000 (1%) You are buying US$100,000 and selling CDN$121,570. Your stop loss order will be executed if the dollar falls below 1.2147, in which case you will lose $100. However, USD/CDN rises to 1.2192/87. You can now sell $1 US for 1.2192 CDN or sell 1.2187 CDN for $1 US. Because you entered the transaction by buying US dollars (buying long), you must now sell US dollars and buy back CDN dollars to realize your profit. You sell US$100,000 at the current USD/CDN rate of 1.2192, and receive 121,920 CDN for which you originally paid CDN$121,570. Your profit is $350 Canadian dollars or US$287.19(350 divided by the current exchange rate of 1.2187). And there, you have a Forex profit.

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