Article on Japan fueling the stock market rally in the States

Good read here.


Yardeni article: How Japanese Monetary Policy Is Fueling The US ...
http://www.forexlive.com4/22/13
his article from his blog, and also at Business Insider, discusses how the ultra-loose monetary policy in Japan is providing upward impetus for the US stock market.

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5 Tips To Help You With Your Forex Trading

Forex trading started gaining popularity with the advent of retail brokers and a low cost of entry.  While some look upon the forex market as a scam, my opinion is different.

I think there are some big benefits in trading the spot forex market especially if you are new to trading.  Forex is an efficient market that allows you a low cost of entry into the trading business.  While the get rich quick stories are more fable than fact, if you are in trading for the long haul, you should throw get rich quick away now.

Here are 5 tips to help you with your forex trading.

Start with a demo account.  Every broker with its weight in coal will offer you a forex demo account to try out their platform and practice trading.  Take advantage of this virtual paper trading account until you are ready to risk real money.

Start small.  It’s a great benefit that many brokers let you open an account with very little money.  That allows you to avoid serious trouble.  If losing $50 breaks you, you are probably in the wrong business.  While you won’t get rich funding accounts with $50 or even $500, it’s better than paper trading because it gives you the actual feel of risk, as well as making or losing real money.  There are other ways to trade with limited risk, such as binary options and financial spread betting if you are in the U.K., but nothing is as easy as it sounds.  Make sure you do your proper due diligence and understand the risks involved with these.

Stick with a handful of crosses.  There’s no reason to watch every single cross in the forex market.  Focus on the big boys like EUR/USD, USD/JPY and AUD/USD and AUD/JPY each day, and add in whatever catches your fancy when you do your beginning of the week analysis. By getting the feel for how just a few of the crosses trade, it will make expanding to other crosses that much easier.

Shut out the noise of news and concentrate on the charts.  Because forex has such big volume associated with it, it can be very technical.  Like stocks and futures, avoid the noise that news brings with it and focus on your favorite chart patterns and indicators. Your personal volatility level will likely subside greatly.

Put in the work and stop looking for the short cuts.  Learn how to trade and not rely on robots and super touted systems. These are almost as bad as the super gurus tat turn a molehill into a mountain, only to lose it all because they were “distracted”.

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Let me know what you think of these tips by leaving a comment below or contacting me at tinymjs at gmail dot com.

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Forex- BE VERY CAREFUL

Forex is where the biggest scoundrels prey on unsuspecting traders. There is the opportunity to make money trading Forex, but it is highly leveraged and that needs to be respected. Many scoundrels seek to exploit the low deposit requirements. Seems like some notorious scumbags are starting to enter the Forex arena. Be very careful, they are likely getting paid on your trades, and of course not disclosing it.

Make sure you get quality education in the Forex market. If not, you will quickly blow up your account, like the nefarious scoundrels who are now pushing it it did. Just ask them to be honest for once about it.

I get asked all the time about Forex. My prefered educator is Andy Garcia at http://Forexwitchdoctor.com

I don't get a referal fee, his stuff is just aweosme. He's a great technician, not someone that is using charts now that their "feel" has gone away. It's easy to trade by gut, dreams and feel when everything is flying high, and everyone is making money, isn't it?

Andy has no hidden agenda, he just provides a great service. Learn forex from the start and you will be much better off than subscribing to some new service that will either over charge you, or make you sign up with a specific broker in order to get it. What do you think thats all about....duh! The scam artists must think we are morons.

Don't fall for the old "I'm a great guy, see how much good stuff I do!" con. This is just the way that the evilest scum on the planet scratch their scabs. Don't donate to their luxury living fund any longer.

REFUSE TO BE SCAMMED! CONTACT THE SEC, FNRA and FTC if you feel you have been taken advantage of!

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GBP/USD

Stopped out for a scratch

Good move in the 9AM update it appears, as the push up was rejected

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No Forex video tonight

I'll do one over the weekend and look a little bit deeper into some of the crosses.

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Australian Dollar

Its a choppy mess on the daily chart. We should see a nice directional move out of this one, but the question is, when?

The ADX is still above 10 so I'm not at the "any minute" phase yet.

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Videos For Tonight

Wednesday is FOMC announcement day so no videos tonight except for the S&P 500 video which will be posted by 11PM

Cancel all entries on stocks. The $EURUSD was canceled when the stop was hit before the entry last night.

There should be some setups on Thursday after the FOMC announcement is behind us.

Trade well,

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Watching the Euro here

The Euro opened with a gap down and while it tried, it couldn't get a gap fill in the evening to overnight session

Im watching for it to fill the gap here, but I don't know how much further it can get

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No Forex video tonight

No Forex video again for Friday, I want to see how the week ends and do a detailed analysis over the weekend, most likely Sunday night.

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No Forex video, but here's an update

The EUR/AUD was canceled it got killed overnight and never triggered.

The Euro got smashed on Wednesday and subsequently the US Dollar rallied, so I'm going to wait a bit to let the dust settle here and not post a video tonight.

The stock market watch list will be posted in a little bit with three new potential triggers.

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EUR/AUD

The EUR/AUD cross was on the Forex video for today. It didn't trigger and rolled over hard. The entry is canceled as per the video rules.

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NZD/CAD

A very technical term for that one: WOW

Resistance is now the November 2010 high at 7991

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9AM update

GBP/NZD stopped out breakeven on the remaining overnight

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GBP/NZD WOW

GBP/NZD from thr video just barely (2 ticks) missed the b/e stop out,, but still a while to go

Make sure you check the 9AM update!

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FOREX Book

I'm excited to announce that my new FOREX e-book will be available for download shortly.

FOREX is a great market, and one that all traders should at least take a look at.

The book will be an introduction to the currency market and it will be free for all to download.

Michael tiny Saul

tinymjs at gmail dot com