What Is Forex !!!

This is yours and please read it:

What Is The Forex?

Profits are made from the difference in value between the two currencies (the exchange rate). Because currencies are no longer tied to the gold standard, exchange rates are constantly fluctuating. Speculators trade currencies with the expectation that one will gain in strength against the other. These trades are leveraged, with a small downpayment controlling a much larger sum, so even small changes in value can create large profits or losses.

The Forex is the mother of all markets, with trading of more than U.S. $1.5 trillion daily. That抯 more than one hundred times the size of the New York Stock Exchange. Because the market is so large, extremely liquid; there抯 always an immediate buyer or seller for any of the major currency pairs. Most of this trading is done for profit; only five percent of the trades made each day are for the purpose of changing currencies for business or travel.

The Forex market is also so large that it cannot be manipulated. Even powerful central banks can抰 force the market to do their bidding, as the Bank of England found out in 1992. When the BoE used reserves to support the pound against the Euro, investors traded against the pound and by sheer numbers overwhelmed the BoE. It抯 rumored that one investor, George Soros, made a profit of U.S. $1 billion overnight.

The Forex is a completely virtual marketplace. There抯 no building where buyers and sellers meet, or where brokers hang out looking for action. All trading takes place over the telephone or on the Internet. Small investors trade currency brokers, who in turn place their orders through large banks. Commissions are low and are built into the exchange rate.

It was once said that the sun never set on the British Empire. The same can be said for the Forex trading 揹ay,?which lasts roughly six days. It opens in Sydney with the local Monday morning, then moves with the sun to Tokyo, Frankfurt, London, and finally York, ten back around again to Sydney. It closes in New York on Friday evening. This means that, at any time of the day or night during each work week, some currency, somewhere around the world, is actively trading. The clock may say it抯 midnight, but there are still opportunities to make money on the Forex.

These long trading hours allow investors to speculate on the results of world events as they抮e happening. If a country has announced that it will release relating to its economic growth or decline, an investor can take advantage of the influence of that announcement on the country抯 currency梕ven if it抯 taking place during his night.

GBP/USD Pair @ 7.15 am (Malaysia)

SELL Area - 1.4111 (My Target is 1.3850)

BUY Area - 1.4151 (My Target is 1.4250)

If fail to break S1 candle my drop back at 1.4132.

Salam and Hi...

Yesterday my Buy and Sell area met but fail to reach my target. Congratulations who get them and hopping today will be much better. Set your target and the target must be reasonable. Let say your target is 60 pips a day oldo the market may go to 200 pips but please remember this, that the 200 pips is not confirm. But your target of 60 pips will be confirm and you should achive it asap if you take care of your discipline. Belive me, without a proper discipline you will be failure trader.

SO WHAT NEXT FOR TODAY????

Uwahhhhhh I have to go to bed now - have to get some sleep and hope to have a 4 hours rest to refresh my mind. I will send my predictions asap when I'm ready. Until then thanks for your reading here.

ALLAH HU.

My Predictions On 03.30 pm (Malaysia):

Trading Range Is Between 1.3957 to 1.4383.

1. Break 1.3957 candle may drop sharply to 1.3850.

2. Break 1.4383 candle may go up furthur to test 1.4606 area.

At this moment candle move from a rebound at 1.3957. This rebound are a consolidations movement from 1.4232 and look like more on corections from the drop. If fail to break 1.4383 area candle will drop back to 1.4132 area.

Let see this happen and be happy always. Please control your emosions and set the target.

AKU HIDUP AKU TERBAIK AKU PASTI BERJAYA.

ALLAH HU.... ALLAH HU.... ALLAH HU.

GBP/USD Pair @ 9.30 pm (Malaysia)

BUY Area : 1.4137 (My target is 1.4250)

SELL Area : 1.4097 (My target is 1.3950).

Salam....

Yesterday Buy Area met at 1.4075 and met my first target at 1.4156 and stop at 1.4198. Congratulations who got that and bank-in more 100 pips.

Allah Hu.

GBP/USD Pair @ 3.30 pm (Malaysia)

BUY Area - 1.4075 (my target is 1.4156 and after that 1.4350 area).

SELL Area - 1.4035 (my target is 1.3950 and after that 1.3850 area).

Trading Range is between 1.3850 to 1.4350

Salam..... and Hi.

Candle is on consolidations move from 1.4660 drop and furthur drop is possible to 1.3850 and may drop to 1.3700 area in few days.

The nearest resistance is at 1.4156 and if break candle may go up furthur to test 1.4350. If this happen candle will test 1.4660 area. If fail candle will find Mr. pivot again at 1.4054 and from here will test 1.3850 area.

Please be aware on all reversal signal like Harami, doji, inverted hammer or hangging man.

Let see this happen and happy trading.

Allah Hu.

H4 Charts At 06.30 pm (Malaysia):

Look at H4 chart - candle is trying to break 61.80% Fibonaci and is on going to test 50% Fibo. If success candle will try to break my target at 1.4156. If success candle will try to test R3 at 1.4263. If fail candle will drop back to Mr. Pivot at 1.4054 and deffinately will test 1.3850 area.

Let we see this happen and please be more discipline on all the relevan indicator.

Allah Hu.

GBP/USD Pair @ 10.15 am (malaysia

SELL Area - 1.4077 ( First Target : 1.3950 Second Target 1.3850)

BUY Area - 1.4117 ( My target is : 1.4160 Second Target : 1.4287)

Trading Range is between 1.3950 - 1.4383 :

Salam and Hi,

Yesterday candle break 1.4090 and drop until 1.3956 but fail to break my second target at 1.3850. So candle move back up but fail to find Mr. Pivot. So what next for today :

1. SELL Area : Break 1.3950 candle will test 1.3850. If success candle may drop to 1.3700 area within few days.

2. BUY Area : Break 1.4383 candle will test 1.4661 level in couple of days.

Allah Hu.

GBP/USD Pair @ 11.55 am (malaysia

SELL Area - 1.4241 (My target is 1.4161)

BUY Area - 1.4281 (My target is 1.4383)

Trading range is between 1.4090 to 1.4383.

1. SELL Area - Break 1.4090 candle in favor to test 1.3850. Fail to break candle will bounce back to 1.4262.

2. BUY Area - Break 1.4383 candle will test 1.4660 area.

GBP/USD Pair What Next Next Week/Month - My Predictions !!!

What Happen On February 2009:

Trading Range is between 1.4050 (02 February 2009 Low) to 1.4985 (09 February 2009 High Level). Both are used as:

1. Initial Support - 1.4050

2. Initial Resistance - 1.4985

The move from 1.3500 (2009 year Low and 23 year record Low) is a consolidations from 2.1144 (01 November 2007 record high for GBP/USD)sharply drop and bounce back to met 1.5372 (2009 High Level)on 08th January 2009. Please reffer the Daily Chart attached to get more view on this statement.

So What Next Will Happen On Mach 2009 - Please Dont Belive me:

Yes please don't belive me because this is only my view and my predictions for my student only. For them please use these predictions for your own predictions using all the relevan indicator on H4 chart and M30/M5 and H1 charts.

As I've told on friday 27th Febraury 2009, trading range is between 1.4050 and 1.4660. If breaks any level candle will drop or go further. Fail to do so candle will find Mr. Pivot again at 1.4277 and if break, candle will move further.

But both movement candle fail to break those intial support and resistance. Candle bounce back to Mr. Pivot and move further up but fail to meet my first target at 1.4416 that end at level 1.4363. But Sell area met my first target at 1.4150 and drop until met 1.4109 fail to break my second target at 1.4050 - a different of 59 pips only.

On Daily chart candle stop at 1.4314 area on IBFX chart. Already performed the continuations of the Harami movement as I mention on Friday predictions. So do weekly chart that also performed Harami pattern and look like candle will move furthur up on monday morning and maybe a gap will commenced. The BB are flat and candle on next week will move between middle band.

The nearest Resistance is 1.4660 but if break this level candle will test 1.4985 level. From here it will test 2009 record high at 1.5372.

On H4 chart candle already above Middle of BB and support by the RSI 7 that is on the way to go up. Anyway candle before close at high and suppose next candle must drop first before make a continuations on Bullish move.

So for me let just see what will happen on monday morning when Asia Market open at 07.00 am Malaysia clock. Until then please read all the analysis statement given to you before.

Salam and Allah Hu.