The Euro apparition led to an important decrease of Forex business, and the firm opened new directions, like applying for banking license or realizing regular transactions, similar to the postal service. Most traders dont like risk - they believe people that say that you can trade safely. The advantages of FOREX online system and how to choose a good one are outlined in this article.

If you are as confused as I was when I started trading currency on the foreign exchange (forex), than this article will do wonders for you. From facts on the forex to the best online forex trading platform, your questions will be answered.

If you are as confused as I was when I started trading currency on the foreign exchange (forex), than this article will do wonders for you.

We are starting to sound like a broken record, but Cable is in a very tight trading range. It is really difficult to make profit targets when the daily range is less then 50 Pips.

For most of the day it was less than 40 pips. With that said, once again we were perfect with our entry, which was 1.7490. The most the market went against us was 3 pips, and with some good exit strategies we were able to take a 30-pip profit out of a very tough day.

Trading, in general, is a great "business" opportunity. But why is currency trading the forex market the greatest of them all.

Did you know that the forex (foreign exchange) market is 30 times larger then all other US markets combined.

Did you know that trillions of dollars are traded on the forex. And, no, it's not all traded by huge banks making huge trades and huge currency exchanges.

Is forex trading for you? Well, the fairest way to answer that is by explaining the basics of foreign exchange trading to you.

First things first, the Forex is a market on which the currency of one country is "compared" to the currency of another country in order to determine a value. This value is what you will be trading.

The forex, or foreign exchange market is open and availalbe for trading 24 hours a day, 5 days a week.

Happy Monday. We hope you all had an awesome weekend and that we can get our week off to a nice start.

Just a quick recap of our trading from last week. We did not get into many positions. In fact, we only entered into one.

It was a short at 1.7490 for two positions. The first was closed making 40 pips, and the second making 80 pips.

Well, another great day of trading. Our resistance level of 1.8900 held beautifully at around 3:30 am EST. In fact, the high on Cable on our trading platform was 1.8906 up until the news releases began.

We took our short at 1.8900 and covered one of our trades at 1.8860 for 40 pips and the second at 1.8845 for 55 pips.

At 7:00 am EST, half an hour before the news releases were to begin, we got out of our trade and did nothing else till 11:00 am EST.

It seems, still, as if many of you are not getting all of our newsletters. This, of course, is a problem. We have been in contact with our list management company, and they say that the worst of it should be over.

However, if you do not receive a newsletter for a night or two, please let us know so that we can get you up to date.

We try our best to make these newsletters independent of each other, so that if you miss one night, it will not set back your trading any.

Tonight is the first night in a long while that we will look to go short on cable. We believe Mr. Bernanke said what most people wanted to here and that his statement will satisfy most traders.

There are several reasons apparent on the charts indicating that we may have already seen a swing high at 1.8729. The most obvious is the 4-hour chart MACD.

In case you were wondering, though, we did not get into any trade. So, you didn't miss any profits.

On another note, please keep an eye on your inbox today. We are going to be sending you all an invitation to join us for the "Trading In Black And White Forex Trading Contest". This is a brand new contest, and if we may be so bold, a great opportunity for all of you to win some prizes.