You know what gave me the sugar rush like a Reese's peanut butter cups? A fib play that looked sweet on one pair of my favorite oh-so com-doll!
Take a peek at the chart, we see that the NZD / USD could see some support around the 61.8% retracement level Fibionacci which previously had been found resistance. I have my hands free either peanut butter and re-scale and see that 0.7625 is key support and resistance levels. So, I decided I was going to place an order to buy at that price. Why did it happen like that .. yes. because I want and I will definitely prove that all that could happen .. believe it or not I'll prove it .. just click here
Monday, November 15, 2010
Playing forex
Forex as you may have understood from the title is derived from and stands for Foreign Exchange. What is foreign exchange you ask? Foreign exchange refers to the trade of foreign currency. Yes, like stocks and other commodities, foreign currency is also traded. Not only that, the forex market is the largest in the world, and has a daily turnover of close to a trillion and a half US dollars!wow...how a wonderfull
Unlike stock exchanges, forex is not traded on any exchange. It is traded through financial institutions like banks, brokers, and private dealers and individuals. Trade execution takes place mostly through telephones, and increasingly, the internet. Also, the required investment/deposit was a huge sum earlier. But now, due to the net revolution and the smaller capital required, forex trading has percolated to the individual level.Do you know how it happen? thats a really...if you want to know just click this
Sooner or later many spread betters are tempted by the biggest market in the world - foreign exchange, or forex. Daily turnover here regularly exceeds that of the equity market by a factor of ten or more. It's fast, furious and at banks all over the world vast sums are won and lost in a matter of seconds.
Yet few of us have a clue about any of that when we quietly queue for foreign currency at our local bank before going on holiday. The principles are actually very similar in both cases. But what will catch you out, unless you are well prepared, is the sheer speed at which live exchange rates sometimes move. why it should be? you can read more with click this
Yet few of us have a clue about any of that when we quietly queue for foreign currency at our local bank before going on holiday. The principles are actually very similar in both cases. But what will catch you out, unless you are well prepared, is the sheer speed at which live exchange rates sometimes move. why it should be? you can read more with click this
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