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BAILOUT FAILS - GAME OVER? Not so Fast! There’s Forex!!!

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Good reason why I decided to delay the Blogs for today. Today we have experienced the fallout of a possible bailout of banks and wall street. A bailout that would of helped wall street recover from bad paper judgement and worse, a possible depression. My opinion is this will be a shifting of wealth more than anything else. This will create a new, more aware group of investors that will find ways to generate more wealth.

Although the banking system needed it, I am quite happy because the Bailout would of instituted newer laws and rules, that would of killed capitalism to a certain extent. It would of built more controls around the ways the entrepreneurs and wall street folk generate money. The control of the markets would of been in Washington’s hand, which would probably invoke a level of socialism, which I seriously fucking hate socialism.

So what is going on now that the federal bailout failed?
Right now, the Federal Reserve starting pumping more billions into the banking system as a potential counter measure to offset the financial crisis, and as a plan b to the failure of passing the federal bailout.

The markets are greatly responding in a southward pattern as of this point. The Dow Jones Industrial Average is diving under 500 points, and the Nasdaq is floating at -140, dangerously hovering just above 2000.

Maybe the best news out of this, could possible be, lol, is that the Crude Oil markets are slipping hard at this point. The Crude stuff took a 10+ buck fall to $96.25 per barrel. Crazy shit eh?

But in all of this, do you realize that there is a better, more possibly profitable way to invest your money? If you are good with the news or that you are very technical and can read stock graphs like a world class trader, you might just want to move your cash to Forex Trading.

Forex Trading has been around for quite some time, and with the ever increasing liquidity, it is a very profitable option to consider for your portfolio. By diversifying into World Currencies, you can leverage and arbitrage your money, and potentially take more money out then you are putting in. You can even start a forex account on with Many different brokers for as low as $500. Of course there are lower starting balances, but most will tell you that $500 is the optimal starting point.

But also consider the risks factor as well. Just with stocks, you can lose money with forex trading.

A forex broker that I would like to recommend, is Forex Meta. Forex Meta is a Metatrader 4 broker, which offers up to a $500 incentive bonus for those who are interested in trading forex. Perform a certain amount of trades, and get a bonus back!!!

Forex Meta has awesome customer service, and an extensive passion for helping newbie and experienced traders get to where they want to in currency trading.

Give Forex Meta some Consideration. Try a Free Pratice Account or Open a New Account Today!!!

ForexFunnel: With the Forex Funnel anybody can trade currencies

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Being a blogger on Forex, I come across all different sorts of products when it comes to forex. Out of all fully automated autopilot forex trading solutions, I would say there is only a few quality programs that could decently return your deposit to possible multitudes.

One of these few quality automated trading systems, The Forex Funnel, is a great software program for those who are new to forex as well as experienced. Why is it so great for new currency traders?

Well, for new traders, they are going to not know the best method for entering and exiting trades. While the budding Forex Trader gets up to speed with trade execution, the Forex Funnel will do the math and execute the trade, and all you have to do, is just oversee the trade.

Did I also forget to mention, the Forex Funnel is a very easy install. Works with every single Metatrader 4 Broker and starts going to work for you in less than 10 minutes!!!

Forex Funnel doesn’t only executes the trade, but also exits the trade as well too! Matter in fact, if you are not good with trade execution, Sit right back, and watch The Forex Funnel make the trades as a fully automated autopilot forex trading solutions.

And if you are more experienced, having the Forex Funnel is just like having another currency trader working for you. Imagine being able to be more effective in your trading portfolio with this piece of trading software.

Currency Trading as we know is an awesome way to build wealth. The Forex Funnel makes it possible for anybody!

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Paulson begging Pelosi? Whoah! dollar falls, dow is up!

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So yeah, the bailout issue is not yet solved, hence causing Henry Paulson, the treasury secretary to go around BEGGING congress, especially the likes of House of Representative Speaker Nancy Pelosi to get this situation passed and through. Whoah, can we say the Bush administration is had by the balls at this point?

Yeah, there seems to be a ton of uncertainty with this as the opposition to the bailout issue is not just a partisan indifference, as everybody seems not to like the stipulations and terms of the bailout legislation. Of course since this was such a big deal, there was a joint session of congress, including both presidential candidates Barack Obama and John McCain.

Surprisingly, the Dow jumped $198 bucks and Oil only made it up $2 to $108, but as a currency against the big boys, FORGET IT! Today, the Housing Market, unemployment claims, and Durable Goods took a serious dump and really offset the dollar’s stand in the world markets.

One thing I will say though, is that although I am a capitalist, and believe in free market economics, kinda Austrian school, and I believe hugely in corporate responsibility, I might have to bend my philos a bit on the current situation in the United States. If you live out here, or maybe you are not here and located elsewhere, watching the BBC news, RAI, Deutsche Welle, CBC, Al Jazzera, and seeing the mess that this country is going through, it will need some governmental intervention at this point.

Could we let these big banks and investment institutions fall to the ground? Yeah we could, but think for a minute outside of the possible reality of not having these banks in place. A lot of these banks lend to not only mortgages and home sales, but also new and existing businesses, larger scale companies, and even blue chips as well!

Could we think what could just happen if we cannot finance business and organizations? MILLIONS OF PEOPLE WOULD BE OUT OF WORK! And all of the economic indicators would fall out so quickly, 1929 would look like a pin drop in the forest. The very possibility of a large scale economic catastrophe is high.

Anyway, without trying to sound like a doomsday scenario, here is the news events for today…

Germany starts out the day with Consumer Prices and Import Prices.

Switzerland is releasing the Konjunkturbarometer, not a new rollercoaster at an Amusement Park near you, but the swiss economic barometer will be read today.

And to end the week of heaven and hells, we have a couple of sentiment data releases from the Wolverines, the University of Michigan, and the Final GDP readings!!!

Have an awesome weekend, say a prayer for the economy, and TRADE ON!!!

Tom Howell
GoForexTrade.com

Crude keeps at $106 - Dow loses only a bit - Bush Addresses the Bailout

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So crude oil keeps around $106 for the day! You have to thank the half billion barrels of crude oil that were not consumed which could of offset the crude oil inventories if otherwise consumption occured. In asian market trading, the crude is keeping at $106, and hasn’t moved much.

Actually the reason why crude didn’t spike up, was because there is a dwindling demand for oil, and the economy concerns investors are having, that oil in the long term will not be consumed.

Later on in the day, The President of the United States, George Dubya Bush spoke for about 13 minutes on the importance of passing the $700B bailout package for the looming financial crisis. President Bush also noted, that if there is not a solution, our country could see a really bad recession. Well, I hope someone gets to the bottom of the recession issue.

The Market:
Europe has a few news events for today, starting with Germany’s gfk Consumer Climate. We will also see Italian Trade Balance, M3 Money Supplies and Private Loans. in England, MPC member Kate Barker will be barking up a few words on monetary policy.

The United States will see some heavy hitting news today! Unemployment Claims, Durable Goods, Home Sales will hold some weight in how it will trade against the euro and another heavy currencies.

Also keep in note that FOMC members Walsh, Plosser and Fisher will have some words to say too later on in the day. I am sure there will be some wordage on the Bailout scenario.

Have a good day and TRADE ON!!!!

Canada: Bank Of Canada head Mark Carney will be speaking.

Another Dow Drop, Oil settles down a bit, Crude inventories today!!!

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Welcome to another fabulous day of trading, and yeah, the folks in Wall Street are biting what seems to be left of whatever fingernails are being left intact. Very shortly they will be borrowing the hands of the homeless to bite their fingernails because the tension of this financial crisis is not over!!!

Bernanke has warned that the recession is still a possibility if this bailout package is not approved and put to action in a quick manner. Despite Bernanke’s pleas to quickly ratify the bailout plan, the Democrat side of the aisle is showing a bit of resignation to the plan. The Dow Jones dropped 161 and the nasdaq took a nosedive to the tune of 25.65.

In the meanwhile, the FBI is having their hands into the financial melee with a full investigation on how this mess started. What do I think? It’s a huge open market for business, and without some core lending regulations, something of this magnitude was bound to happen. Hopefully there will be a resolve to the joke we call the economy and financial sector.

Oil, decided to play a more calm role today, just sliding a couple dollars a barrel down to around $106. Not bad, but tomorrow will come the US’s crude oil inventories, and quite possibly, the number could throw itself either way. Analysts are looking for a deficit of 2 Million Barrels. Bid accordingly.

In other parts of the world…

Hmm, so in Europe, we saw just about every purchasing manager index hit the bidet (or toilet, wherever you call it). Good news in England, as mortgage approvals are up! mmhmm!

And back home once again…

The united states obviously as stated previously isn’t having much of a field day itself. Richmond’s Manufacturing data came back a dud as so did the House Price Index. Wonderful Day for a coke and a smile, eh?

Today’s wonderful news events….
Europe is going light on the data, and only releasing Italian Retail sales, the German’s Ifo Business Climate, and Eurozone Current Account figures. England doing Realized Sales.

The United States, has crude oil inventories as mentioned earlier. Also Bernanke will still squeal and plead for the bailout plan as expected until the democrats and disinterested conservatives fall over to approval. Matter in fact, he is scheduled to speak twice today. Also look for existing home sales.

Back in England, the late night tea pot boils for MPC member Andy Sentance. He will no doubt be making a few sentences about the financial situation, HAHAHAHA! I made a funny!

Japan has a couple of pressing issues with Trade Balance, expecting a surplus of .12 Trillion! Wow! Try that for once USA! Also the Corporate Services Price Index is up for release as well!

Australia, is releasing figures on their leading inde and the Reserve Bank will review their Financial Stability. Whatever it is, probably is WAY better than the US. Cmon now! You think the US could beat Europe at the Ryder Cup, but when it comes to the wallet, oh damn! lol

Alright folks, enough hijinks, lets get to some awesome trading!!!

TRADE ON!!!
Thomas Howell
goforextrade.com

Forex Funnel: If I already trade forex, how does it help me?

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For those who happen to visit here on goforextrade.com, there is one product that I cannot seem to get over. That product is the Forex Funnel. The moment you purchase the Forex Funnel, then download, and install it to Metatrader 4, and configure it to a one house USD/JPY chart, is when the magic begins…

For those who want to know, the Forex Funnel helps those on any level of forex trading.

Perfect for those who are horrible at executing a trade. The Forex Funnel knows when and where to start a position and close a profit winning trade.

Also great for when you don’t know the best strategy to close a trade, rather it is winning or closing. The Forex Funnel knows when to hold them, and of course when to fold them.

The Forex Funnel first started out as a system used by it’s owners to make them a nice chunk of wealth trading one of the most liquid markets around, the Forex Market.

Classified as an automated trading system, the Forex Funnel’s system is an easy install, and for those who are squeamish about installing software, it comes with an easy guide on how and where to drop the software files in order for Forex Funnel to correctly work.

Now imagine yourself being up there with some the world’s best forex traders. Now you can reap the rewards they do with the Forex Funnel.

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Another day, Another Slump for the US, Oil, and the dollar of course

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The dow took a big jump down in the neighborhood of 372 points today. The fear of uncertainty, a deflating dollar, and the meteoric $25 rise of crude oil had rocked the markets. Of course the crude didn’t stay up there as it came back to earth around $120, then overnight asian trading has it marked at $108.88. Is this trend about to continue?

NYMEX is looking into every single transaction to make sure there was no fraud or malevolance in trading activity. In the meanwhile, in the world markets, Europe is having a field day in taking the cake with the most events happening on the wires.

France takes the starting point with Consumer Spending data, which will be released shortly. Also from the land of Wine, stereolab, and Olivier Panis (Google him!), we will see data from Purchasing Managers in the Services and Manufacturing sectors as well.

Talking about Purchasing Managers, Germany and Europe will have their Purchasing Managers data released in both the Services and Manufacturing a bit later on. Europe will have Industrial New Orders, and England will release data from the British Bankers Association’s latest report on Mortgage Approvals. The european market finalizes the news end with Belgium’s National Bank Business Climate Report.

In the american market, we will see some reports coming firstly from Canada, where we will see data from Consumer Prices on a grouped CPI and an across the board index. The United States recovering from such a disasterous session yesterday will see data from House Prices and Manufacturing. Expect a few words from Fed Chief Ben Bernanke and Treasury head Henry Paulson.

In Asia, we will see BSI’s in Japan and Westpac will release data on consumer sentiment in New Zealand.

Have an awesome day trading and most importantly….

TRADE ON!!!!

Thomas Howell

GoForexTrade.com

Trading with Forex Meta as your Forex Broker: Up to $500 Bonuses!

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Did you ever open a forex trading account that paid you back for trading a certain amount of lots, or doing so much volume? A Forex Broker that actually pays you a bonus for trading so much!

If you haven’t, you might want to check out Forex Meta. Forex Meta has an incentive program for the first 60 days when you come onboard with a trading account. Forex Meta’s accounts starting as low as $500, and depending on how many trades you make in 60 days, you can get up to $500 back into your trading account.

Of course the bonus excites everybody, but I am sure questions about the forex brokerage Forex Meta does come into mind. Let me answer a few of those questions here.

Forex Meta has an excellent customer service approach to their services. If you have any questions, from a trade that was made, to even newbie questions such as how metatrader works, these folks will stop at nothing, to make sure your trading experience is a memorable and profitable one.

Forex Meta uses Metatrader as their trading platform. Metatrader is an expandable trading platform which has a little learning curve, and be modified with expert advisor modules, and custom indicators to maximize your trading experience. If you want a great expert advisor, I recommend Forex Funnel, and Forex Tracer.

Also Forex Meta has numerous deposit options, which PayPal is one of them. So accessibility to fund accounts is ridiculously easy.

So, when are you going to make the jump to Forex Meta? Start Today and fill out this brief form to get started!

Welcome Back! Oil sees itself above $100, Paulson wants the bailout NOW!

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Hey there folks! Welcome back from the weekend. Coming back from a weekend after a week of insane proportions, Hopefully we can launch this trading week in stocks and forex in a more positive territory.

Yeah, Treasury Secretary Henri/Hank, whateveryouwantocallhim Paulson is urging that the $700 Billion bailout package goes quickly through the legislational process and ratified quickly to help stave off the failure of investment banks that have been bitten hard by the subprime mortgage crisis.

Jean Claude Trichet, Europe’s central bank head had some words to say earlier and will have some more later on today. What has been said recently was that Trichet lauds the Slovak State’s entry into the Eurozone currency and says the move is all for the better.

England also had some numbers from Rightmove, a leading real estate agent orgnanization similar to the USA’s REALTOR organization. Rightmove reported that there was a one percent decline in housing prices.

Japan had a couple of things that went into the newswires. Firstly the Bank of Japan had their monthly minutes released, stating that they are expressly concerned about the health of the US economy and Banking system. Also they have mentioned that the BOJ has injected in the neighborhood of a few trillion yen into the economy.

The All Industries Index in Japan had increased .8%, right on the money as forecasters predicted.

Australia released new car sales data, and sadly to report a 3.5% decline in sales.

After Jean Claude Trichet speaks once again, England’s John Gieve from the Monetary Policy Committee will have a few choice words on the banks, economy, and whatever else is conversation fodder at the time.

Canada has Retail Sales Numbers coming out today, a Core focused data release and a general sales data release.

Japan, for the Asian Session will take the day off for Tuesday, in celebration of Autumnal Equinox Day: Only if we americans celebrated the changing of the seasons.

Then WestPac will release data for New Zealand’s Consumer Confidence.

See you back here tomorrow! The Euro has a ton of news reports and such and we will be here to shove them right down your gullet!

For now, TRADE ON!!!!

Tom Howell

GoForexTrade.com

And now to the Good: plus 410 for Dow, Oil stands at $98, Gold Gives Back Some

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Yes, seemed like today was “give back” day for the world markets. The Dow recovered a staggering 3.86 percent, a gain percentage that only previously was touched in 2002. For the blue chips, almost a full recovery from yesterday’s hellish drop, and Gold gives back nearly $50, to head down to $850.40 in asian trading. So, what is the reason for all of the sudden retrograde action on the markets?

With the news of the US Federal government looking to build a possible rescue plan for ailing banks hit hard by the mortgage crisis and a more aggressive stance on certain types of short selling, the markets compensated with a 410 point gain on the Dow and a 100 point gain on Nasdaq. The only good I see out of this, is that the American Taxpayer, will have a very small stake in each company. The thing that sucks, is despite my feelings that such companies should face the brunt of execution due to their actions. Unfortunately, if some of these companies go down, they have the utmost ability to destroy the very economic fabric of the US and throw us into a depression.

You, the forex trader will only feel any level of difference of the playing field, only because your deposit currency is the US dollar, it’s value will drop. I honestly if possibly could, use a more stable deposit currency to hold your account deposits until things improve here in the states. Just because the stock markets have issues, doesn’t mean a global forex market will not be profitable.

Oil has decided to set itself around $98 in asian trading. It will probably hold their for a while, but sense a possible selloff in the near future. Would I long oil? Only if there was more shit coming from OPEC pertaining production cuts, Middle east nuke taunting or some West African oil producing country was going to raise hell and cause the oil rigs the stop. The hurricane season so far hasn’t insanely hurt us. Maybe only the US gas indices have jumped up, as most gas companies will gouge anybody if mother nature sneezed anywhere on the map.

So what is going on in the world markets today? Not much, actually a very quiet day indeed for the majors. New Zealand has reported a 2.5% increase in credit card spending over the last year this date. and We are waiting for Germany to release their monthly Product Price Index.

Otherwise, have an awesome week, and TRADE ON!!!

Also do not forget to follow us on twitter and digg!

Thomas Howell
GoForexTrade.com

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