As I go through my day as a currency trader/investor, I scan the long term charts to see what may be emerging. Today, I ran across a great way to earn some interest EVERY DAY and be in an investment that is headed higher. Not many investments in the world can boast that right now.

However, the AUD/CAD currency pair (Australia vs. Canada) can boast just that.

The downtrend (red line) has been broken. A spike low was put in place back in October and the price hasn’t looked back ever since. How many investments can say that? Most stocks, mutual funds and ETFs sure can’t right now!

Yet in stocks, at best you normally earn QUARTERLY interest but in this currency pair, you earn it DAILY each day at 5pm EST.

What are the fundamental forces at work that have produced this uptrend?

Here’s why I believe the uptrend will continue overall. There are several factors but I will hone in on two very important ones right now: Interest rates and Quantitative Easing

Why interest rates? Australia’s currency yields 3% a year right now while Canada just cut theirs today to 0.25%. Therefore, that 2.75% difference can be earned on a daily basis. That’s enticing to investors and will encourage them to buy the higher yielding currency and to sell the lower yielding one.

Think of it this way. If you had a savings account at your bank that earned 0.25% and across town there was a bank offering 3%, which bank would you be inclined to stick your savings into? Of course, the 3% one. Currency investors are no different.

So interest rates will favor the Aussie dollar over the Loonie (nick name for the Canadian dollar).

What the heck is Quantitative Easing? Even though this phrase sounds complicated, it’s actually very simple. It’s simply when a central bank prints a ton of money. In this case 125 billion Canadaian dollars (thus far).

The concept is simple. Anytime you make more of something, it’s value gets diminished because it’s so prevalent. However, the more rare something is, the more it tends to rise in value because it’s so scarce.

So when the Canadian central bank prints more dollars (aye!), it dilutes the the value of that money. This now bringsa about two very serious road blocks for the Canadian dollar. Interest rates don’t give you an incentive to hold Canadian dollars (CAD) when there are others out there that literally pay 12 times higher (3% vs. 0.25%)! Also, Australia has resisted emploring Quantitative Easing while Canada is embracing it.

Therefore, when one country purposefully “waters down” their currency and another does not, it only makes sense that the latter should rise against the former.

Now there are other economic factors too that favor Australia over Canada…however, I wanted to point out two that were so important that they alone could help to keep this uptrend intact.

Sean Hyman

Contributing Writer

MyWeakth

myWealth.com provides affordable, online personal finance courses that enable everyone to effectively manage their money by making sound financial decisions. Making sound decisions is a prerequisite to achieving your financial goals and becoming financially secure. myWealth.com offers numerous courses that cover investing, managing ones personal finances and currency trading.

myWealth.com’s team of instructors, led by Sean Hyman and Bob O’Brien, pride themselves in thoroughly answering questions and patiently guiding each and every student through the course. Our instructors have years of experience trading various financial markets. They also have years of experience providing financial planning advice to individuals like you.

Article Source:http://www.articlesbase.com/currency-trading-articles/earn-daily-interest-while-in-this-currency-investment-880390.html

A larger time frame can be considered any time frame larger than the one you are looking at to identify a trade entry.

There are valid trading techniques and methods for almost any time frame however it is always important to be aware of what is actually taking place on the larger time frames such as the four hour and daily charts.

Support and resistance are key levels we must always be aware of even if we trade on a five or 10 minute chart.
Often times day traders will use a smaller timeframe to identify entries and profit targets and their focus becomes myopic and they no longer look at the larger four hour and daily charts.

I would like to discuss an example of using the four hour and daily charts to determine whether or not the market is trending or inside of consolidation which often times can be found using the larger time frames.

Knowing where support and resistance is on the daily or four hour chart isn’t always possible to see using the 30 minute chart. Always giving the larger time frames a quick look before making a trading decision will work in your favor.

When I conside entering a trade on the 30 minute chart (for example) price might be inside consolidation. When it appears price may be making a move, however looking at the daily chart might show a significant old resistance level that is now possibly acting as a support level, if only temporary. This daily support level might not noticeable on the 30 minute chart by itself.

Identifying this support level on the daily chart keeps me from making a trade decision to quick without looking for confirmation.  I may need to wait for some significant economic data that will make some kind of an adjustment and re-evaluation of this currency pair or it may simply take time before sentiment wins over in one direction or another.

At this point, I will isolate the consolidation area on the 30 minute chart and when I see a breakout candle, again I will look at the four hour or daily chart.  Hopefully at the time of the breakout candle on the 30 minute chart I will see some kind of candle pattern on the four hour or daily.  This could either confirm the bounce off of this possible support area on the daily chart or indicate that price will be moving lower and breaking through the support level.

No matter the outcome, what is very important is always to remember using the larger time frames as an additional source of confirmation for your Forex trading strategies.

L.C. is the head trading coach and mentor at udaytrading.com with over 7 years Forex trading experience.
He has mentored hundreds of students with his Forex trading startegies.
www.udaytrading.com

Article Source:http://www.articlesbase.com/currency-trading-articles/the-importance-of-using-larger-time-frames-for-forex-trading-strategies-876025.html

I have been trading for a while now, and I have had the opportunity to get my hands on very good forex trading courses and softwares, as well as others that are simply worthless junk. I basically try everything that comes out and if it works I keep it, if it does not, I throw it back at the vendor (which is why I never purchase products with no money back guarantee).

Following that spirit, I decided to give a shot to the new FAP Turbo based on four basic reasons:

1) The live trading results on real money they show and update every 15 minutes at their website. I have to admit this was a powerful reason for me to give it a go, because all of the other softwares I have tried -and even the ones I use except for the FAP Turbo- only provide back testing as proof of what they can do. A good back testing result is good but sometimes not good enough, as the market conditions are constantly changing and what worked in the past might not work as well in the future. The live testing demonstration that the FAP Turbo provides and updates every 15 minutes is certainly something no other forex software had been able to deliver for new potential users. That, and the fact that the results of the back testings were very good, made a great case for the FAP Turbo, so if I had tried other softwares I would certainly try this one.

2) I read a couple of reviews about the FAP Turbo provided by some folks that put this software to the test before its was launched, and I really felt that the information I found, combined with the live proof of earnings displayed by the owners of the FAP Turbo technology, made sense and was plausible.

3) They offered a 60 day money back guarantee.

4) It works completely on autopilot.

Well, after roughly a week using the FAP TURBO, I must say that I am genuinely impressed, not only because of its performance, which is beyond anything I have seen in this business, but because of the way it works.

Let me explain a little what I mean by this:

First, the FAP Turbo trades on multiple currency pairs, which is a rare feature in a fully automated forex software.

Secondly, the software manages the stop loss and take profit parameters in such a way that it keeps the losses very small and the profitable trades frequent and consistent.

And lastly, the FAP Turbo is the most active software I have ever had, meaning that it trades like crazy during the whole session, and this, combined with the other two features I mentioned before, makes for a stunningly profitable trading operation.

Indeed, unlike other softwares that usually remain a bit idle waiting for that “perfect” opportunity they have been “told” to wait for, the FAP Turbo will place a lot of trades -good trades- during each trading session, in multiple currency pairs and with a minimum or no loss at all, so it has a far wider range of action than any other software I have used in the past. That explains the superior performance I have seen so far.

In order to better test this software I set a separate account with a different broker and I deposited $500. Well, so far the little robot has pulled $433.09 in profits and it has just been little over a week since I started using it. No other software has delivered for me like this, so needless to say that to me the FAP Turbo is really in a class of its own.

You can find some good information about the performance and features of the FAP Turbo at this site: http://www.specialonlinebusinessreviewauthority.com.

Article Source:http://www.articlesbase.com/currency-trading-articles/my-ride-on-the-new-fap-turbo-875721.html

FAP Turbo continues to be one of the hottest selling Forex Robots that the internet has seen in a long time.
The reason? FAP Turbo is delivering results.
People are using FAP Turbo are finding that, unlike some of the other forex robots out there, FAP Turbo actually works in creating a profit. And not just any profit – a good profit.
With this in mind, the team here have decided to setup a dedicated FAP Turbo review site. It’s still a little new, but gives a more in-depth overview of FAP Turbo, and of course, there’ll be more updates to come on the site.
So For many Members Are Used This Software Can Earn many profits.
So For best Automated Forex Software is
FAP Turbo continues to be one of the hottest selling Forex Robots that the internet has seen in a long time. The reason? FAP Turbo is delivering results. People are using FAP Turbo are finding that, unlike some of the other forex robots out there, FAP Turbo actually works in creating a profit. And not just any profit – a good profit. With this in mind, the team here have decided to setup a dedicated FAP Turbo review site. It’s still a little new, but gives a more in-depth overview of FAP Turbo, and of course, there’ll be more updates to come on the site. So For many Members Are Used This Software Can Earn more profits. For best Automated Forex Software is http://fap-turboforex.blogspot.com/

Article Source:http://www.articlesbase.com/currency-trading-articles/fap-turbo-members-and-review-875097.html

Forex trading is a learned skill and anyone can learn to win but 95% of all traders fail, so let’s look at the advantages of a Forex trading business and see what you need to do to win.

Forex trading as a business offers you numerous advantages and here are the main ones:

- It’s a learned skill no college education required

- You only need a computer, an internet connection and a few hundred dollars to get started

- You don’t need staff or stock or to sell anything

- There is never a recession because as one currency rises another most fall and vice versa

- You can learn to trade in just a couple of weeks and only need to work for 30 minutes a day

- You can leverage your money by 200 x the amount you deposit giving you 100,000 to invest for every 500.00 invested giving massive profit potential.

No other business can give you as much return for your effort as global Forex trading but it’s a fact that 95% of traders lose. The reason they lose is not because they can’t win they can but because they either get the wrong education or have the wrong mindset.

Most novice traders think a cheap automatic software package is the way to win but they soon lose – you don’t get an income for life for a couple of hundred bucks. On the other hand. there are a lot of traders who think working hard or being clever will make them money but you are only rewarded for being right with your trading signal regardless of the effort made.

If you want to win you only need a simple system but you do need to deal with leverage which can work for or against you, so that means strict money management and the discipline to keep losses small. Most traders lose because they cannot keep losses small and let their emotions get involved but trading with discipline is the key to winning at Forex and that comes from the right education which gives you the confidence to follow your system.

Anyone can win but you must understand success comes from you and what you have learned so you need to learn the basics and learn skills. If however you take the time and effort to learn Forex the right way, you could soon be on the road to financial freedom in the world’s most exciting and lucrative business – global Forex trading.

Article Source:http://www.articlesbase.com/currency-trading-articles/forex-trading-the-road-to-financial-freedom-is-open-to-all-873102.html