Go Forex Trade - Forex News, Tips & Reviews

Trading Games, 20×24in.

Posted by admin

Trading Games captures the language and gaming spirit of the financial markets. The original screen print series by ex- US Treasury Bond Trader, Jill Jeannides, reflects her years in the trading pits at the Chicago Board of Trade from 1993-1997. This serigraphic print playfully explores global market interdependency, revealing the dynamics of complex, elusive financial instruments.

(more…)

Currency Trading and Forex 100 Success Secrets - 100 Most Asked Questions on becoming a Successful Currency Trader (Kindle Edition)

Posted by admin

This book hits the mark, it is perfect for getting the big picture view of Forex trading. Not only does it cover the technical and fundamental aspects that a successful Forex trader needs to know, but it covers the other all important topics too, like risk analysis, trade plans & journals, trade reviews and having the right mindset to be a successful trader. All with no Fluff! What this book WILL do for you:1. Make you aware of the main points to keep in mind with trading currencies.2. Tell you exactly where to look for more information3. Will not overwhelm you with tons of nuances and indicators4. Give you a thorough understanding of money management5. Allow you to make a detailed checklist of what needs to be in place before yo (more…)

Option Spreads: Generating Exceptional Returns with Tony Ciccone Options Trading (2005)

Posted by admin

Widely associated with a high risk level, options are often a case of concern when it comes to trading. By taking a closer look at them, however, their flexibility may actually work in your favor.

Options can be used to structure an arsenal of diverse strategic positions (more…)

Essentials of Foreign Exchange Trading (Essentials Series) (Paperback)

Posted by admin

This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broke (more…)

Taking The Rest Of The Year Off From Blogging….

Posted by

Yes, I think there is a serious burnout issue happening, and my interest in this game might possibly be over with.

The last few months have seen a bothersome reduction in quality from my blogs and it is really starting to reflect elsewhere. I am going to take the rest of the year off from reporting and blogging, save for maybe a product promotion or two.

To my followers,
I am sorry that I had to come to this decision, but in all reality, I do not know if I can hold up this website at the current situ. I need to take a break, and maybe next year, have a better blog.

Thank you for your support.
Thomas Howell
GoForexTrade.com

Forex is Not For Idiots! Here is the Reality On Expert Advisors

Posted by

What is the deal with all of these fucking expert advisors showing up on the market? Seriously?

Yes, I do admit, I promote a few of these so called “automated trading systems” and yes, one is matter in fact a Revenue Sharing sponsor of this blog as we both know. I have checked out the Forex Detector, and I have no qualms about their software AT ALL! It is matter in fact one of the only true software systems I really like.

But in all of the grim reality here, is that these forex expert advisors are being marketed as not a crutch to current forex traders, but a system to those who want a work-at-home-business.

The problem here is, you are marketing a system that trades in a very insanely volatile market that could very well lose your money as well as gain it. And marketing these systems to those who don’t know the difference between a pip profit and drawdown is, or know any basics in forex whatsoever, is providing a great disservice to the Forex community at large, making a connotation that Forex is just an easy ATM to pull money out at our convenience. Sadly, this is not the case.

But what really turns me off, is the fact that people put full faith into certain systems, and really do not spend much time educating themselves. This is how people think forex is a scam and really puts a bad taste in our game. It is really unfair to us in the forex community, because you can make money with the right knowledge and still use an expert advisor, as long as you know how to understand it’s system.

Another problem here, is that some of these so called publisher’s are under a fake guise. A few forex products that are out there are actually using paid actors to create this bold publisher/personality, which really puts a low blow to forex as a whole. Someone who can just buy a .ex4 file from some starving college student, use some actor to push a product poses a few problems.

For One, the customer service is absolutely horrible. For someone who buys out of scriptlance, an .ex4 file, probably doesn’t know about developing one in the first place. The publisher will not know how to address problems with installation of software and any other issues that might be posed due to a lack of information.

Secondly, the installation instructions are not clear on some of these products. Therefore this comes back to the customer support line, which they do not have a clear procedure in handling installation procedures.

Thirdly, the publisher doesn’t care that the consumer is literally gambling THOUSANDS of dollars! Although the website is pasted from top to bottom with CFTC disclaimers, telling you that they are held completely harmless, and that Forex is a risk. That is not a thought that crosses in their minds.

I have messed with mql programming for a while, and from seeing different methodologies, it takes a while to come up with an overall profit strategy, with low drawdown, and high profit. It doesn’t happen overnight!

WHAT MY IDEAL EXPERT ADVISOR WOULD BE, IN A PERFECT WORLD!!!

1. An expert advisor that doesn’t push as a “WORK AT HOME BUSINESS, NO EXPERIENCE NEEDED!” Well, you can say no experience needed, but from what standpoint? I have been in the forex community for nearly 2 1/2 years now. And I know I am not the top drawer trader out there. It does help to know the terminology and how the market will reverse itself, and how to properly manage a trade through different trading scenarios.

2. An expert advisor with great instructions to properly install and operate. For the folks who publish expert advisors, You need to learn to write instructions, coming from an end user standpoint, not from what you can pull out of your ass in five minutes or less and throw it on a pdf or doc file.

3. Customer Service. Now this is a biggie! The core majority of customers will have questions to ask, either because the instructions are too complicated, or the customer base do not know what RTFM means. It is your job as a customer support professional, to help the customer and hand hold them until they are satisfied. Do not push some simple bullshit answer, because you cannot fully explain an installation procedure.

Ryan Matthieu, who runs customer support for Forex Funnel, Forex Tracer, and Forex Detector, understands this, and for those who are having installation problems, has listed a step by step instruction manual on how to properly install their software. No complex pictures, just simple english.

4. As the publisher, unless you have JV’ed with a forex savvy programmer and have a great support team that knows his programming, at least KNOW WHAT THE FUCK YOU ARE DOING!!! A lack of knowledge in your camp really makes the Forex Industry look like shit. It really does!!!

5. Yes, I know I am a prick and a perfectionist, but trust me, it helps more than hurts, especially when digesting information and telling you what is good and what is not. And on this blog article, I am not selling anything, no referral links to any product, I am just telling you straight up!

I love the money game, and I wouldn’t of said this if I didn’t give a fuck. For all of the friends, network connections that I have made and evolutionary processes that are in the works, I do this for them!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

BREAKING NEWS: The Federal Reserve Drops a half point

Posted by

:::::BREAKING NEWS:::::

The Federal Reserve just dropped the Key interest rate a half a point from 1.5% to 1%.

The last time the key interest rate was at 1% was around 2003-2004. Markets will be mixed and I will have a full report on the movers and such in the Asian Market Report.

TRADE ON!!!

Tom Howell
GoForexTrade.com

Europe and American Markets slightly recover, Asian Markets Tumble

Posted by

Today is one of those types of days where you wonder how the market is going to react. Seems like every other day is either a modest or heavy gain, or modest or heavy loss. The world markets do not have a stable set of feet on the ground.

For those who love free, open markets will little to no regulation, you are in for a shock. Alan Greenspan, your cheerleader in the USA for all things open market, kinda admitted that the Open Market philosophy was a bit flawed, and most of the time, inevitably routes down to potential disaster. I wonder what Ron Paul has to think about this.

Looks like the automobile industry is very unsettled. With talks of layoffs, plant closures, and potential automakers merging together, the automotive industry has indeed fallen on hard times, and the job losses mount.

Also the wall street firms that made this clusterfuck happen in the first place are laying people off left and right. It just seems that every company with a pulse in the economy’s heartbeat is letting go of staff, in order to preserve any level of profit margin. Thank god for being a blogger, and that I will hopefully not see myself in this situation (Knock on Wood!)

In the Asian markets, all three major markets, the Nikkei, Hang Seng, and Straights are getting the crap beaten out of them. I hope this is not a prelude to what could be a potentially another disasterous day on Wall Street.

How is that forex market reacting?
Right now, the EURUSD is stable around 1.2766 after a hard fall from 1.35 from earlier this week. Today, we should see Purchasing Manager’s reports in both Manufacturing and Services sectors, from France, Germany, and a combined European report as well. Germany will also have Import Prices from previous month.

England will release today, the Preliminary Quarterly Gross Domestic Product. This will be a heavy hitter, but a grand slam if they get an optimistic readout. Also look for the quarterly services index as well.

For those who are keeping an eye on oil, right now, the New York Mercantile Exchange is hovering around $67 dollars, and could go either way with the results of the proposed production cuts, which are being decided at a special OPEC meeting, being held all day.

Canada will release consumer price indexes, and the US, hopefully weathering the EURUSD as well as it has, the OPEC meeting, and if they really hit a home run with Existing Home Sales, then we should be ok then.

Have an awesome weekend! Think positive, and TRADE ON!!!
Tom Howell
goforextrade.com

P.S With all of the Forex Automated Trading Systems out there, do you want to find one that does the job for you? Trust one, and not any imitations. Select the Forex Funnel! On Sale for $139 this week only.

Another drop in the markets, and even Lobsters are taking a hit!

Posted by

After a gloomy day on the dow, with a 514 point drop, and the Asian stock markets taking a huge dive, there is not a drop of optimism in the market.

Every sector seems to be affected here and I am wondering when this is really going to end. I have had a couple of twitter followers ask me about stock recommendations, and for right now, since I am not huge on stocks, the best advice I could give, is just get into Forex Currency Trading.

Oil, is hovering around $67 dollars.

For those who happen to be following me on twitter, thank you again for the follows! Hopefully the posts here at GoForexTrade, can do a mixed task of informing, entertaining, and offering you more each and every day.

And I also have to make an announcement. As of today, GoForexTrade.com will have a new Broker Sponsor, Lite Forex. Lite Forex is a Metatrader Broker, and starts accounts as low as $1! Click on the image to find out more about Lite Forex’s Services!

And here is the upcoming news with Forex Matters:

EUROPE:
French Consumer Spending
Current Account

ENGLAND:
Retail Sales
British Banking Association Mortgage Approvals
Belgian NBB Business Climate
Monetary Policy Committee’s Sir John Gieve will speak

CANADA:
Bank of Canada will release a Monetary Policy Report - Governor Carney will speak shortly thereafter

UNITED STATES:
Unemployment Claims
Fed Member Elizabeth Duke will speak today
House Price Index from previous month
Natural Gas Storage

The Market Takes Some Back - Oil under $70 - EURUSD drops dramatically

Posted by

Good morning, and welcome to another trading day!

The markets in the US took back some in the form of 231 points, but also the dollar had gained ground as the EURUSD is currently around 1.2868. Oil also took a three dollar dive to around $69.10 in overnight trading.

The recession fear is the usual suspect now for the downwards activity of the market. Everybody is still in eggshells and the situation has not improved or rectified in the favor of the markets.

For good news, the great computer company we come to know as Apple (AAPL) has reported an awesome quarterly report, which indicates third quarter growth at 26 percent. Not to mention, Apple has profited well off of their iPod and iPhone lines, but do not forget that their computer line is slowly but surefootedly gaining their market share that they once had over 20 years ago.

So for those world markets, let’s swing our attention to Forex:

In europe, a quieter than norm indicator day, with just Italy releasing retail sales, and England’s Monetary Policy Committee releasing some minutes.

Canada’s focus today is going to be their leading index, and Retail Sales.

The US besides hogging the news with the financial hell they have been in, we will get Crude Oil inventory numbers! Now the question is, with possible OPEC cuts and today’s reading, will the $69 stand or move in a certain direction?

New Zealand will release their decision on interest rates and have a statement shortly thereafter.

Japan closes out with their Trade Balance

Have an awesome day, and TRADE ON!!!

« Previous Entries