Forex Services
Searching for a forex services provider in the United Kingdom? Whenever the reply is yes, then you've found the correct page. We are the UK's number one company supplying forex services in and round the United Kingdom. Supported by yrs of experience, we truly realize that no two persons demands are equal. So, ForexUK.com makes sure that it provides a well-rounded range of services to fill your particular demands.
As a major forex services supplier we supply customers with a safe and secure internet program to trade currency. This includes US dollar bill and the Euro. Furthermore, customers can evade against, or more likely speculate upon, alterations in the rate of exchange for various currencies. Forex services are something which isn't easy to supply but we have been practicing this with an ease for yrs now.
ForexUK.com supplies aggressive and authentic forex services and as well make a point that each and every purchaser is equipped with actual rates of exchange. The principal highlight of employing our forex services is that you might have to lay down a payment in the future but want to guarantee the rate of exchange at present so that you do not receive any loss. For that we allow you the choice to reserve or suspend the currency rate of exchange. This freezing implies whenever you make a payment you do not have to drive yourself looney checking the rates. This means you'll be profited by this service.
ForexUK.com as well understands that it's somehow really frustrative speaking to afresh administrator every time about your forex needs. So, to figure out this job we make sure that you're appointed with an administrator who will work as your guide and be with you until the processing of payment is successful. This signifies that the appointed administrator will be managing all the working on your behalf. This is the reason why a lot of people select forex services offered by ForexUK.com. To assist you in foreign exchange, we as well keep a close eyeball on the ever-changing currency rates.
This guarantees that you're forever updated with the altering money rates and you have the best services for your transfer or foreign exchange.
Saturday, November 7, 2009
FOREX UK STRATEGY
Don't exchange With Cash You can't lose: Trading recklessly with currency you can not afford to lose is simply stupid. As panic kicks in, rashness esues and inevitably, losing currency you do not own will stimulate a lot more panic.
Don't abide by The Mantra Of purchasing Low To trade Higher To acquire Pips: This purports that you have to anticipate where the lows and highs will take form. Realistic in the equity marketplace certainly, but in the United Kingdom Forex Market: Again, plain dumb.
Never trust On guessing: since the United Kingdom Forex marketplace is simply unpredictable, your estimate work will eat up every last bit of your assets up and unavoidably terminate your fledgeling Forex career.
Stay away from the Day Trading Market At Your jeopardy: With intricate, unforeseeable influences you might as well wedge your head into the sand.
Don't Trade Alone: Get Help From Forex Trading Software: In order for all beginner traders to attain experience you need to begin trading with fake currency. That is correct, you require a software system which lets you roleplay the Forex game free of charge.
Get a exercise account, set up your Stop losses and acquire margins of profit, and get your feet soaking wet. You'll be able to also get Forex Autopilot program which once you have tried, tested and retested on your demonstration Account, the automatic robot will set your SL TP margins and will then lock in the profits and regress to a trailing stop for maximum gains.
Don't abide by The Mantra Of purchasing Low To trade Higher To acquire Pips: This purports that you have to anticipate where the lows and highs will take form. Realistic in the equity marketplace certainly, but in the United Kingdom Forex Market: Again, plain dumb.
Never trust On guessing: since the United Kingdom Forex marketplace is simply unpredictable, your estimate work will eat up every last bit of your assets up and unavoidably terminate your fledgeling Forex career.
Stay away from the Day Trading Market At Your jeopardy: With intricate, unforeseeable influences you might as well wedge your head into the sand.
Don't Trade Alone: Get Help From Forex Trading Software: In order for all beginner traders to attain experience you need to begin trading with fake currency. That is correct, you require a software system which lets you roleplay the Forex game free of charge.
Get a exercise account, set up your Stop losses and acquire margins of profit, and get your feet soaking wet. You'll be able to also get Forex Autopilot program which once you have tried, tested and retested on your demonstration Account, the automatic robot will set your SL TP margins and will then lock in the profits and regress to a trailing stop for maximum gains.
Euro climbs to new 2009 high against dollar
The Euro, in large part due to general dollar weakness, climbed to a new 2009 high of $1.4629 in late European currency trade. One Euro is now worth $1.4598 in early morning New York trading.
Most analysts are pointing to two common catalysts for the latest surge in the Euro against the greenback. The price of oil is once again near its short-term high at $72. The European currencies typically fair better than the dollar when oil is high.
The other reason the Euro is on the move against the dollar is due to general dollar weakness. Most major currencies have experienced strong gains of late against the dollar. A dollar is only worth a little over 90 yen and $1.07 Canadian.
The Euro has gained about three pips in three days, but it has also been on a perpetual upward climb against the dollar since near $1.25 in both February and March. The 21 pip gain for the Euro against the dollar in about six months time is pretty remarkable and emphasizes the overall negative sentiment toward the dollar during that timeframe. It is the same sentiment that has helped keep oil knocking on the door of $75 and helped propel gold back over $1,000.
Commentary Wednesday from Chicago Federal Reserve Bank President Charles Evans suggests that the Fed may soon begin raising its base funds rate. He said the tightening of policy could develop more quickly than it did during the 2004-2006 period when rates were increase consistently and quickly. Evans highlighted less risk of deflation, growing confidence in the economy, and the need to reign in inflation before it gets outside reasonable limits.
As is the case with gold, oil, and other currencies, Euro gains against the dollar would likely be limited by a quick increase in the interest yield for the greenback. While other factors, such as renewed concerns about stability in the US economic situation, could impact the dollar, increased interest yields would certainly be a dollar-positive factor.
Without the presence of a speculation catalyst, currencies that have significant interest rate differentials are often moved based on investors hedging income by borrowing lower rate currencies to buy higher yield currencies. This is what led to major carry trade against the yen for years when the Japanese Central Bank maintained a low to no interest rate policy while most other major countries had higher funds rates.
The price of oil could also help with the direction of Euro-dollar ratio. Most economists continue to say oil is over-priced based on market factors. Many technical traders would also point to the non-stop gains of the last six months as reason for a correction or pullback.
Neil Kokemuller is an Associate Professor of Marketing at Des Moines Area Community College in Des Moines, Iowa, USA. He has a MBA from Iowa State University. He is also in house stock market commentator at Live Charts UK, where you can find real time charts and share prices.
Please note: The information provided in this article is intended for informational and entertainment purposes, and not as advice for financial decisions or investments. Actions taken on the basis of the information shared is at the sole risk and discretion of the individual. Currency investment poses significant risk of loss.
Most analysts are pointing to two common catalysts for the latest surge in the Euro against the greenback. The price of oil is once again near its short-term high at $72. The European currencies typically fair better than the dollar when oil is high.
The other reason the Euro is on the move against the dollar is due to general dollar weakness. Most major currencies have experienced strong gains of late against the dollar. A dollar is only worth a little over 90 yen and $1.07 Canadian.
The Euro has gained about three pips in three days, but it has also been on a perpetual upward climb against the dollar since near $1.25 in both February and March. The 21 pip gain for the Euro against the dollar in about six months time is pretty remarkable and emphasizes the overall negative sentiment toward the dollar during that timeframe. It is the same sentiment that has helped keep oil knocking on the door of $75 and helped propel gold back over $1,000.
Commentary Wednesday from Chicago Federal Reserve Bank President Charles Evans suggests that the Fed may soon begin raising its base funds rate. He said the tightening of policy could develop more quickly than it did during the 2004-2006 period when rates were increase consistently and quickly. Evans highlighted less risk of deflation, growing confidence in the economy, and the need to reign in inflation before it gets outside reasonable limits.
As is the case with gold, oil, and other currencies, Euro gains against the dollar would likely be limited by a quick increase in the interest yield for the greenback. While other factors, such as renewed concerns about stability in the US economic situation, could impact the dollar, increased interest yields would certainly be a dollar-positive factor.
Without the presence of a speculation catalyst, currencies that have significant interest rate differentials are often moved based on investors hedging income by borrowing lower rate currencies to buy higher yield currencies. This is what led to major carry trade against the yen for years when the Japanese Central Bank maintained a low to no interest rate policy while most other major countries had higher funds rates.
The price of oil could also help with the direction of Euro-dollar ratio. Most economists continue to say oil is over-priced based on market factors. Many technical traders would also point to the non-stop gains of the last six months as reason for a correction or pullback.
Neil Kokemuller is an Associate Professor of Marketing at Des Moines Area Community College in Des Moines, Iowa, USA. He has a MBA from Iowa State University. He is also in house stock market commentator at Live Charts UK, where you can find real time charts and share prices.
Please note: The information provided in this article is intended for informational and entertainment purposes, and not as advice for financial decisions or investments. Actions taken on the basis of the information shared is at the sole risk and discretion of the individual. Currency investment poses significant risk of loss.
Forexpro’s Analysis
The Euro stopped at the resistance established in Friday’s report 1.4772 with amazing accuracy, a stop which was a signal that we are heading to areas below 1.47. And now, there is a resistance that combines the rising trendline drawn from 1.4566, and the falling trendline drawn from 1.4816, and is currently at 1.4725, if price stay below it, we are heading south.
The probability of more downside grows with a break of the nearby support
1.4693. Such a break would signal more of the drop, to test one or some of
the important support levels in the 1.46 & 1.45 areas such as 1.4645,
1.4613, 1.4575, down to 1.4509. The most important resistance is short-term
is of course 1.4725. If broken, the Euro will be able to reach areas above
1.48, first of which is 1.4824, then new highs above the tops of September
22nd & 23rd, the most attractive of which is 1.4901.
Support:
. 1.4693: short-term support.
. 1.4645: Previous intraday resistance.
. 1.4574: Previous intraday support.
Resistance:
. 1.4725: an area combining the rising trendline from 1.4566, and the
falling trendline from 1.4816.
. 1.4761: previous daily high.
. 1.4826: previous daily high.
—
USD/JPY
The Dollar-Yen is testing the limit of the downtrend, which is represented
by the falling trendline from August 9th top, and if it is broken, then the
Dollar would be invited to show how deep its real strength is over a series
of resistance areas starting at 90.67 and reaches 91.63. The resistance that
is attached to this line is 90.29, and if broken, then the line is broken,
and the next stop would be 90.67 which is an important stop on the way to
the most important stop in these areas 91.63. Short-term support is at
89.32, and if broken the direction would be down to test the important
support 88.68, which must hold to prevent another attempt to test 87.97
which survived last week’s attempt for a break.
Support:
. 89.32: short-term support.
. 88.68: support area that supported the price twice this month.
. 87.97: Jan 23rd low.
Resistance:
. 90.29: the falling trendline from Aug 9th top.
. 90.67: previous support.
. 91.12: previous support & resistance area.
The probability of more downside grows with a break of the nearby support
1.4693. Such a break would signal more of the drop, to test one or some of
the important support levels in the 1.46 & 1.45 areas such as 1.4645,
1.4613, 1.4575, down to 1.4509. The most important resistance is short-term
is of course 1.4725. If broken, the Euro will be able to reach areas above
1.48, first of which is 1.4824, then new highs above the tops of September
22nd & 23rd, the most attractive of which is 1.4901.
Support:
. 1.4693: short-term support.
. 1.4645: Previous intraday resistance.
. 1.4574: Previous intraday support.
Resistance:
. 1.4725: an area combining the rising trendline from 1.4566, and the
falling trendline from 1.4816.
. 1.4761: previous daily high.
. 1.4826: previous daily high.
—
USD/JPY
The Dollar-Yen is testing the limit of the downtrend, which is represented
by the falling trendline from August 9th top, and if it is broken, then the
Dollar would be invited to show how deep its real strength is over a series
of resistance areas starting at 90.67 and reaches 91.63. The resistance that
is attached to this line is 90.29, and if broken, then the line is broken,
and the next stop would be 90.67 which is an important stop on the way to
the most important stop in these areas 91.63. Short-term support is at
89.32, and if broken the direction would be down to test the important
support 88.68, which must hold to prevent another attempt to test 87.97
which survived last week’s attempt for a break.
Support:
. 89.32: short-term support.
. 88.68: support area that supported the price twice this month.
. 87.97: Jan 23rd low.
Resistance:
. 90.29: the falling trendline from Aug 9th top.
. 90.67: previous support.
. 91.12: previous support & resistance area.
Articles in the Forex Category
Dollar still looks weak in the short-term
With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point.
Central Bank members conclude their two-day policy meeting later Wednesday. Along with the announcement on interest rate policy, analysts and investors are going to watch for commentary about the board’s perception of the overall economy as well as various key sectors.
The Fed has maintained a low to no lending rate policy for banks for several months as part of an effort to reduce lending costs and to encourage home, auto and other purchasing. This policy has helped mortgage-strapped homeowners to refinance in some cases and it has helped struggling debtors with lower credit card and loan financing costs.
One effect of a lower interest rate policy is that it has helped hold down an already beat up dollar. The dollar has been in a relatively weak position on the global front for sometime, and with little interest yield, no change appears on the horizon.
The perception of dollar weakness has not been as much because speculators believe the US economy is in that much worse condition than global counterparts. It has been created more as a result of investors fleeing dollar positions for safe investments like gold, which is currently closing in on $1,100 per ounce.
As the economy has improved, another reality has been speculators jumping into oil positions. The correlation between improving oil prices (currently over $80 per barrel) and positive sentiment on the economy has been real and obvious.
Despite holding firm in recent weeks, the dollar is still under short-to-medium term pressure against the Euro, Pound, and other major currencies. One Euro is worth just shy of $1.48, and looks poised for a surge past $1.50. One British Pound fetches $1.6531 and a retest of the medium-term high over $1.70 also seems likely.
The dollar has been especially weak against the Japanese yen of late. Global perception seems to indicate that many expect the world’s second largest economy to rebound and thrive more quickly than the largest. One dollar is currently worth only 90.83 yen.
Most analysts seem to agree that a low interest rate policy is still important until the labor sector improves. American consumers and businesses need all the help they can get. However, the dollar is likely to pay the price until it is freed from the binds of no yield.
Neil Kokemuller is an Associate Professor of Marketing at Des Moines Area Community College in Des Moines, Iowa, USA. He has a MBA from Iowa State University. He is also in house stock market commentator at Live Charts UK, where you can find real time charts and share prices.
Please note: The information provided in this article is intended for informational and entertainment purposes, and not as advice for financial decisions or investments. Actions taken on the basis of the information shared is at the sole risk and discretion of the individual. Currency investment poses significant risk of loss.
With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point.
Central Bank members conclude their two-day policy meeting later Wednesday. Along with the announcement on interest rate policy, analysts and investors are going to watch for commentary about the board’s perception of the overall economy as well as various key sectors.
The Fed has maintained a low to no lending rate policy for banks for several months as part of an effort to reduce lending costs and to encourage home, auto and other purchasing. This policy has helped mortgage-strapped homeowners to refinance in some cases and it has helped struggling debtors with lower credit card and loan financing costs.
One effect of a lower interest rate policy is that it has helped hold down an already beat up dollar. The dollar has been in a relatively weak position on the global front for sometime, and with little interest yield, no change appears on the horizon.
The perception of dollar weakness has not been as much because speculators believe the US economy is in that much worse condition than global counterparts. It has been created more as a result of investors fleeing dollar positions for safe investments like gold, which is currently closing in on $1,100 per ounce.
As the economy has improved, another reality has been speculators jumping into oil positions. The correlation between improving oil prices (currently over $80 per barrel) and positive sentiment on the economy has been real and obvious.
Despite holding firm in recent weeks, the dollar is still under short-to-medium term pressure against the Euro, Pound, and other major currencies. One Euro is worth just shy of $1.48, and looks poised for a surge past $1.50. One British Pound fetches $1.6531 and a retest of the medium-term high over $1.70 also seems likely.
The dollar has been especially weak against the Japanese yen of late. Global perception seems to indicate that many expect the world’s second largest economy to rebound and thrive more quickly than the largest. One dollar is currently worth only 90.83 yen.
Most analysts seem to agree that a low interest rate policy is still important until the labor sector improves. American consumers and businesses need all the help they can get. However, the dollar is likely to pay the price until it is freed from the binds of no yield.
Neil Kokemuller is an Associate Professor of Marketing at Des Moines Area Community College in Des Moines, Iowa, USA. He has a MBA from Iowa State University. He is also in house stock market commentator at Live Charts UK, where you can find real time charts and share prices.
Please note: The information provided in this article is intended for informational and entertainment purposes, and not as advice for financial decisions or investments. Actions taken on the basis of the information shared is at the sole risk and discretion of the individual. Currency investment poses significant risk of loss.
About Forex Rate
At Forex Rate our aim is to provide as much free Currency trading information as possible.
Our pages are geared towards active currency daytraders and include our online Forex Trading recommendations and information, live Forex charts, live Forex quotes for most currency cross pairs,daily currency trading news and forex forecasts with our free RSS news feed.
We also provide intraday and end of day forex historical data - free for downloading, currency trend charts and a currency converter. Forex Rate provides live information for currency trading. The one stop currency site , contact us at info at forex rate.co.uk
Our pages are geared towards active currency daytraders and include our online Forex Trading recommendations and information, live Forex charts, live Forex quotes for most currency cross pairs,daily currency trading news and forex forecasts with our free RSS news feed.
We also provide intraday and end of day forex historical data - free for downloading, currency trend charts and a currency converter. Forex Rate provides live information for currency trading. The one stop currency site , contact us at info at forex rate.co.uk
What to Expect From Forex Affiliate Marketing?
Being new to affiliate marketing, especially in Forex industry, you need to have reasonable expectations. You hear about great potential income and the success stories, but are they all true? Can you really make money being Forex affiliate? How much money can you make on average? How much time and effort are needed to maintain Forex website? Are there honest Forex affiliate programs, which really pay?
In my experience, Forex affiliate marketing is not as easy as it may seem at a first glance. Your potential as an affiliate is very difficult to measure accurately, since there are simply too many variables involved. The best way is to give it a try and see how far it takes you.
• How much money is there in Forex Affiliation?
In the beginning, it might be only couple of dollars per day. As time passes, your average income would grow to hundreds and some day you might even make $1,000 in 24 hours! What is really important to understand that the hard work you invest in the beginning of your affiliate path will definitely pay off.
I believe that the general expectation of your affiliate marketing business should be $2,000-$7,000 a month. That of course if you work at it full time and full hearted.
• How much time is needed?
Just like any other business, Forex affiliate marketing requires a lot of hard work and time involved. Whether you are satisfied with your current income or not, the amount of work never goes down. At the end of the day, there is still a huge to-do list!
Every affiliate is different. For some it comes naturally; for others it requires more time and energy. The biggest problem is impatience. Most affiliates give up too quickly. After all, it takes 3 - 6 months to get things up to point of generating any kind of income.
Don't be fooled, when you hear that affiliates work couple of hours a day. It takes hours of work, involving web design, content building, SEO, traffic generation, public relation, social network submission, link exchange, advertising etc. Besides, like with any work, you sometimes get distracted by reading occasional emails, checking website statistics, devouring the commissions from Forex affiliate programs, socializing with your online friends etc.
• What is the average agenda?
Search engine optimization takes time to bring results; therefore you have to stick to it. With time your SEO efforts should grow and the income increase. Here is what can be considered as affiliate agenda:
STAGE 1: Your site contains about 10 pages and has 10-30 incoming links. Some of the search engines have indexed it. You have about 10-50 visitors per day, but no commissions at this point.
STAGE 2: The amount of pages increases and so do incoming links (I guess, 100-500 is the right amount to expect). The popularity increases and 50 visitors turn into 500. At this point you should be making about $200 + per month.
STAGE 3: You have more than 100 pages and tones of inbound links (I mean, thousands). The amount of visitors is beyond $1,000, the conversion rate is high and your commissions are between $500 to $2,000.
Once you pass STAGE 3, it is all up to you. Work hard and you can turn $2,000 into twice as much and more!
Forex affiliate beginners sometimes think that a website with 10 pages or so and 5 back links is enough. The truth is, the successful SEO and commissions earned are closely linked to the amount of work an affiliate is willing to put it.
• Are there honest Forex affiliate programs?
Yes, there are. Most Forex affiliate programs I have experience with paid and continue paying. Of course there are misunderstandings from time to time, but this happens in every business. Be ready to stand your grounds and be fair. If you missed to fill the payment form on time, don't blame it on your affiliate manager!
In conclusion, Forex affiliate marketing can be extremely profitable. It can allow you to work on your own from the comfort of your home (or anywhere else with the access to laptop and internet connection). If you are creative, hard working and quick learner, Forex affiliate marketing is the right thing for you.
In my experience, Forex affiliate marketing is not as easy as it may seem at a first glance. Your potential as an affiliate is very difficult to measure accurately, since there are simply too many variables involved. The best way is to give it a try and see how far it takes you.
• How much money is there in Forex Affiliation?
In the beginning, it might be only couple of dollars per day. As time passes, your average income would grow to hundreds and some day you might even make $1,000 in 24 hours! What is really important to understand that the hard work you invest in the beginning of your affiliate path will definitely pay off.
I believe that the general expectation of your affiliate marketing business should be $2,000-$7,000 a month. That of course if you work at it full time and full hearted.
• How much time is needed?
Just like any other business, Forex affiliate marketing requires a lot of hard work and time involved. Whether you are satisfied with your current income or not, the amount of work never goes down. At the end of the day, there is still a huge to-do list!
Every affiliate is different. For some it comes naturally; for others it requires more time and energy. The biggest problem is impatience. Most affiliates give up too quickly. After all, it takes 3 - 6 months to get things up to point of generating any kind of income.
Don't be fooled, when you hear that affiliates work couple of hours a day. It takes hours of work, involving web design, content building, SEO, traffic generation, public relation, social network submission, link exchange, advertising etc. Besides, like with any work, you sometimes get distracted by reading occasional emails, checking website statistics, devouring the commissions from Forex affiliate programs, socializing with your online friends etc.
• What is the average agenda?
Search engine optimization takes time to bring results; therefore you have to stick to it. With time your SEO efforts should grow and the income increase. Here is what can be considered as affiliate agenda:
STAGE 1: Your site contains about 10 pages and has 10-30 incoming links. Some of the search engines have indexed it. You have about 10-50 visitors per day, but no commissions at this point.
STAGE 2: The amount of pages increases and so do incoming links (I guess, 100-500 is the right amount to expect). The popularity increases and 50 visitors turn into 500. At this point you should be making about $200 + per month.
STAGE 3: You have more than 100 pages and tones of inbound links (I mean, thousands). The amount of visitors is beyond $1,000, the conversion rate is high and your commissions are between $500 to $2,000.
Once you pass STAGE 3, it is all up to you. Work hard and you can turn $2,000 into twice as much and more!
Forex affiliate beginners sometimes think that a website with 10 pages or so and 5 back links is enough. The truth is, the successful SEO and commissions earned are closely linked to the amount of work an affiliate is willing to put it.
• Are there honest Forex affiliate programs?
Yes, there are. Most Forex affiliate programs I have experience with paid and continue paying. Of course there are misunderstandings from time to time, but this happens in every business. Be ready to stand your grounds and be fair. If you missed to fill the payment form on time, don't blame it on your affiliate manager!
In conclusion, Forex affiliate marketing can be extremely profitable. It can allow you to work on your own from the comfort of your home (or anywhere else with the access to laptop and internet connection). If you are creative, hard working and quick learner, Forex affiliate marketing is the right thing for you.
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