Forex Strategy: Fundamental Vs Technical Currency Analysis

Chances are, if you’re just getting started analyzing currencies, you have a long list of questions: What is currency analysis? What are the different ways to analyze Forex assets? And how will my analysis inform my trading efforts? These are important questions to answer, and it’s probably best to start with a quick definition of currency analysis.

In the simplest terms, currency analysis is the research of economic factors that affect exchange rates, as well as researching historical market data. Essentially, a day trader’s goal is to extrapolate the future movement of a particular currency by analyzing market factors and economic data. This will help a day trader make better guesses as to whether a currency pair will lose or gain value.

Fundamental Currency Analysis

There are many different macroeconomic factors that can affect the value of a currency and its exchange rate. Fundamental analysis looks at these factors to determine the overall well-being of a country’s economy, because economic standing is a strong determinant of currency value. Some factors a fundamental analysis might consider include:

Inflation rates

Trade balances

GDP

Interest rates

And job growth

In effect, the goal is to get a gauge of the overall economic factors that may affect that country’s currency. For example, a country with an increasing inflation rate may experience a decrease in currency value. A Forex trader might then enter a trading position betting on the downward trend of that currency. It’s important to note, though, that it’s difficult to trade on fundamental analysis alone. Most frequently, a trader will also need to conduct technical analysis.

Technical Currency Analysis

With the advances in technology, day traders have access to a wealth of Foreign Exchange market data. Technical analysis is the process of digging into this data to reveal market behaviors and price patterns. This analysis can be carried out over long periods of time – say a year or more – or in short, 4-hour time periods.

Forex trading software can be a useful tool for improving the insights yielded by technical analysis. For example, many Forex trading applications today are designed with advanced algorithms that measure these behaviors and price patterns in real-time, effectively automating the process of picking trades. One advantage of this type of analysis is that day traders have better knowledge of when to enter and exit a particular position.

Fundamental vs. Technical Analysis: Which is Better?

Ask any day trader what they prefer, and they’ll likely say they use a combination of both. When used together, fundamental and technical analysis yield greater insights into the market, as another layer of data is added into the equation.

We can break it down further. For example, let’s say a country just elected a politician who wants to enact a quantitative easing program. This program has the potential to weaken the value of the currency – that’s a valuable piece of fundamental analysis. Combining this data with a technical analysis of that country’s currency – long-term and short-term trends – will help you best determine the positions that will be most beneficial to you.

Interested in learning Forex trading? Enroll today in the Learn Forex course from Learn To Trade; you’ll polish your fundamental and technical analysis skills, learn new strategies for minimizing your trading risk, and develop better knowledge of the Foreign Exchange market.

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Investing Mining Stocks and Warrants

The Canadian Dollar is now one of the strongest currencies in the world and there have been many forecasts of parity with the U.S. Dollar and as of today, the Loonie is trading at 90.35 as we write this article.

The first and second charts below shows the strength of the Loonie over the last year and the third chart is of the XAU Gold Index. Observe the long term trends in all of the charts.

For investors around the world how can you best position yourselves to benefit from the rising value of the Canadian Dollar?

If you are like many of us, you are currently participating in the bull market in the commodities sector, specifically, in the precious metals, i.e., gold, silver, copper, zinc, etc. If you are not on board this rally perhaps we can enlighten you to some different ways to benefit not only from the Canadian Dollar but also from your investments.

When an investor purchases shares in the Canadian mining companies you are in essence invested in the Canadian Dollar. With the Canadian dollar increasing relative to your country’s currency, your investment is increasing. As the value of your Canadian investments increases, you win again. Thus, you gain from the increasing in the currency as well as the increase in your investments in the mining shares or perhaps, long-term warrants on the mining shares.

The point is, currently investors are experiencing the best of both worlds and we would expect this trend to continue with normal corrections along the way for at least several more years.

We, as investors ourselves, prefer to defer to the experts, Jim Dines, Doug Casey, Pam & Mary Ann Aden, James Turk and others as to the continued direction and strength of the current bull market.

Perhaps you are a conservative investor and neither you nor your investment advisor are currently aware of the bull market in the commodity sector. We believe that soon, within the next few months or within the year, you, yes, you will be investing in this sector, so the choice is yours, now or later.

Investors have many wonderful opportunities for investments from the gold and silver bullion, ETF’s of gold and silver, mutual funds, mining shares and for those investors looking for additional leverage, long-term warrants on mining shares, some of which do not expire until 2011.

As the experts mentioned above believe, this bull market has strong legs and many years to run, we accordingly suggest investors position themselves and not to worry about the day to day fluctuations of the market.

The important thing for all investors is to recognize the big picture, take a position and enjoy what may be the ride of our lifetime.

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Role of “Options” in Real Estate Investment

A common question asked by many beginning in the business is; "What really are my options for real estate investment?" Although we do not have the space here to outline all the opportunities here, we can address "options." Options are a little used, but highly effective investment technique in transactions where they can meet the needs of both the buyer (or optionee) and the seller (or optionor). , the legal right to purchase a property at a predetermined price and time. This produces constructive equity in the property for the optionee. As you recall, real estate is a "bundle of rights". These rights can be separated and sold one at a time. Therefore, an owner can sell the right to purchase to another person. By agreeing to an option, a property owner gives the other person the exclusive right to buy the property at the price and terms stated in the option.

The basic concept of options opportunities is that a seller (optionor) can rid himself or herself of the headache of operations, operating liabilities and management activities. The optionee can undertake the unwanted obligations and in so doing can make decisions that will produce greater value in the near future, which in turn will allow the optionee to either sell their position for a profit or exercise the option and simultaneously sell the property to another buyer at a profit.

Typically for an option to be profitable, the optionee must either improve the operation of the property or physically improve the property such that it has a higher market value. Options are not used very often, but are a valid technique for transacting business. Perhaps the reason most optionees enter into this type of relationship is that they can do so for less out-of-pocket cost than making an outright purchase.

In any case, where the needs and wants of both parties are fairly represented and satisfied, profiting from real estate is a powerful way to build equities and wealth quickly. Options, like all techniques, can be used in a small proportion of possible transactions and can produce generous profits. The trick, as always, is to know how and when to use them. Good luck in your career.

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Importance Of Data Mining In Today’s Business World

What is Data Mining? Well, it can be defined as the process of getting hidden information from the piles of databases for analysis purposes. Data Mining is also known as Knowledge Discovery in Databases (KDD). It is nothing but extraction of data from large databases for some specialized work.

Data Mining is largely used in several applications such as understanding consumer research marketing, product analysis, demand and supply analysis, e-commerce, investment trend in stocks & real estates, telecommunications and so on. Data Mining is based on mathematical algorithm and analytical skills to drive the desired results from the huge database collection.

Data Mining has great importance in today’s highly competitive business environment. A new concept of Business Intelligence data mining has evolved now, which is widely used by leading corporate houses to stay ahead of their competitors. Business Intelligence (BI) can help in providing latest information and used for competition analysis, market research, economical trends, consume behavior, industry research, geographical information analysis and so on. Business Intelligence Data Mining helps in decision-making.

Data Mining applications are widely used in direct marketing, health industry, e-commerce, customer relationship management (CRM), FMCG industry, telecommunication industry and financial sector. Data mining is available in various forms like text mining, web mining, audio & video data mining, pictorial data mining, relational databases, and social networks data mining.

Data mining, however, is a crucial process and requires lots of time and patience in collecting desired data due to complexity and of the databases. This could also be possible that you need to look for help from outsourcing companies. These outsourcing companies are specialized in extracting or mining the data, filtering it and then keeping them in order for analysis. Data Mining has been used in different context but is being commonly used for business and organizational needs for analytical purposes

Usually data mining requires lots of manual job such as collecting information, assessing data, using internet to look for more details etc. The second option is to make software that will scan the internet to find relevant details and information. Software option could be the best for data mining as this will save tremendous amount of time and labor. Some of the popular data mining software programs available are Connexor Machines, Free Text Software Technologies, Megaputer Text Analyst, SAS Text Miner, LexiQuest, WordStat, Lextek Profiling Engine.

However, this could be possible that you won’t get appropriate software which will be suitable for your work or finding the suitable programmer would also be difficult or they may charge hefty amount for their services. Even if you are using the best software, you will still need human help in completion of projects. In that case, outsourcing data mining job will be advisable.

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From Debt To Financial Prosperity

In this consumer based society we live in we are spoiled for choice in terms of the consumables we are offered. Regardless if we actually need these products or not billions is spent in the media to convince us that we do. The vast majority of the population does not live within their means. The increasing availability of credit is one factor that is blamed for the increasing amount of personal debt in western society.

On the surface it seems that the availability of credit has plunged many into huge amounts of debt that they will spend the rest of their life paying off but this same weapon called credit it used by savvy investors to create a life of luxury and prosperity in which they can afford the finer things in life.

So what is the major difference in how successful investors and the average consumer use credit?

Well the major difference is smart investors use credit to leverage their investment exposure. This simply means that they borrow to invest. Smart investors do not take on credit if in the long run it will not lead to an increase in income and a positive cash flow. The average consumer on the other hand spends thousands on new cars that depreciate rapidly, holidays they can not afford, large plasma TV's, designer clothes, and homes they can not afford to live in. Ironically some smart investors do like the life of luxury but they almost always certainly live within their means.

The message is quite simple if you must live a life of luxury never borrow money to do so involuntarily you will end up spending years to pay off huge debts. These crippling debts often lead to stress, depression and in allot of cases divorce. Millions of people worldwide live in the bondage of debilitating debts and the only reprieve they are offered is more debt over a longer time period to ease their current debt repayments aka debt consolidation. Extreme caution is advised if you choose debt consolidation as an exit from a life of debt.

So how can one make the transition from debt to prosperity

1: Evaluate your Cash Flow
Determine how much money you have coming in each month and how much money is being paid out in debts, expenses and other liabilities. Start with your expenses and get rid of monthly outgoings that are not necessary. This is foregoing temporarily certain amenities for a permanent solution to debt. Club memberships and other things that are not necessary can be canceled. Once you have trimmed down your monthly outgoings by 100-200 pounds / dollars save the extra money or spend it on repaying debts off sooner.

2: Avoid paying Interest only
Interest only loans may seem cheap in terms of monthly repayments but in the long term the overall amount you repay can sometimes be as much as 50-150% of the original loan.
3: Live within your means
This is quite simple forget what you have been brainwashed to believe, you do not have to drive a new car or have the finer things in life at the expense of personal debt. Buy only what you can afford to pay for in cash. By forming the habit of only paying cash you are forced to purchase only the things that you can afford.

4: Pay of Loans early
Paying debts of quickly means you end up paying less in the long run. Think about it why are banks so happy for you to pay less monthly?

5: Consult a financial planner
Sit down with a financial planner and draw a road map to get you out of debt.

Taking any of the above steps will free up a few extra hundreds a month. Now that we have a bit of free money you must start to invest if you do not want to retire poor. Remember regardless of what you have stored for your retirement cash based assets have continued to devalue over the last hundred years and even further back. This simply means 1 million 10 years ago had more buying power that it does today and its only reasonable to assume 1 million today will not have the same buying power in the next 10 years. Drastic steps must be taken to secure your future otherwise you may retire with the nasty shock that you simply can not afford to retire.

The key is investing your money (yours and the banks) and getting it to work as hard as possible. Once your outgoings are reduced and you live within your means you should now be looking to supplement your income with investments and / or small business. This time you use your old adversary called credit and turn him into an ally.

By using financial leverage you are simply speeding up the transition.
But before you even think of investing a dime invest in your financial education by buying books on success, prosperity, financial planning and budgeting. Once you have gained better insight into the financial world seek financial advice.

Some of the things you can invest in include buy to let properties, franchises, small home based business just to name a few. But most new investors start of with real estate. But be smart real estate is all about timing and pricing so if you do start by acquiring real estate make sure you no what your doing and the timing is right.

In summary cut your outgoings, pay loans of early, live within your means and used credit as a tool to increase your investment income and not for personal extravagance.

Good luck and hopefully you join me and make that transition form debt to financial prosperity.

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Data Entry Online Jobs Without Investment

One of the most popular jobs that many people do nowdays is data entry online jobs. With this job, there are many people who have helped raise their family's income despite the global recession. It will give you the opportunity to have income while staying at home. The things that you need are a computer and a reliable internet connection. It does not matter what profession you are in as long as you know how to do some writing jobs and data entry.

These kinds of jobs are not always permanent jobs. Thus, the work does not come with benefits like health insurance, paid vacation and the like. When you work online, you are considered an independent contract worker. This means that you are a free agent. You will be hired based on a project and your contract will last until the project is finished. When the required job is done, it's time for you to find another job.

The pay for data entry job is based on per data sheet completed. The cost per sheet usually ranges from 10 to 20 cents. However, this varies heavily on the type of employer you have. It is expected that as data entry workers, you will also do some other tasks like data collection, change documents into new formats or edit images.

The most important thing when you try to work for online jobs is to watch out for scams. There are so many of them online (especially for data entry jobs) because lots of people are into them due to the fact that they are easier to do. Do your own research and find out the company's legitimacy before you give out personal information. Do not be fooled and unknowingly subject yourself to identity theft.

Be very suspicious when a prospective employer asks you for your financial information. Do not give out your credit card numbers or any forms of financial information when an employer asks you. This should be a red flag signaling you that the company is a hoax. Other scam propaganda requests you to send them a certain amount in exchange for a starter kit so that you may be able to start working for them. When you come across these frauds, run away from them.

It is important that in all your online jobs, you only get those legitimate ones so that you will not be taken advantage of. Check the name of the company first if they are genuine or not. Once you establish your work online, success is within your reach. Data entry jobs will no longer be your only option but you can also get a good position online. Keep looking.

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Forex Robots – The Sales Copy Says Huge Profits But the Truth? Most Destroy Equity Quickly

Every forex robot promotes a track record of gains and yet well over 95% failure to deliver so here is the sales copy translated so you can find out the ones that will not make money and find the minority which do …

Here is the sales copy and translation

1. A track record of spectral gains

On paper yes, in real trading not at all. Try and find a track record which does not have the worlds "simulated" and in "hindsight" on it in the risk warning – a word from experience, you will have a long search. The track records you see of $ 100,000 a year are not real dollars there paper dollars done looking back with all the facts and price data to hand. The reality of trading forex though is you do not have that luxury of knowing the closing prices.

That's why you can get financial freedom for $ 100.00 or so – its not real life though!

2. A formula that occurs and re occurs for consistent gains

The formula works once on paper and never works again and the system takes a bath. The vendor simply bends the system to fit the data (a concept known as curve fitting) and curve fitting is always the death of a trading system in real time trading, as the data never replicates itself exactly again the system fails.

3. Designed By a Boffin

Usually an ex banker, mathematician or other boffin. Why does that ensure success? Trading systems that tend to work tend to be simple and being clever or having an education mean nothing in forex trading – its results and that's it and I know plenty of simple traders who make money and plenty of clever ones that do not.

4. Earn Money Without knowing anything

You can try and earn money but if the systems worked as the vendors say, ie there is no work involved, begs the question – Why bother selling the system, why not trade it and keep quite you could make yourself a millionaire or better and not worry about a few hundred bucks from a sale.

You do not get anything in life for nothing and it's the same in forex trading

5. You have nothing to lose

On the fee maybe not, on the account probably yes!

Demo accounts (unless you want to trade them for a long time) are no real use, as you need a year to judge a system and also there is no pressure, so its not a real trading experience and after reading this article why bother, you know the facts.

Forex robots sell in there thousands and very few work and most simply fail miserably in the market and its no wonder when they have never been traded. The hypothetical track record simply is not questioned by buyers – but why not? That's the acid test and keep in mind you cant spend paper money.

If you want to make money at forex trading understand, it's not easy and you do not achieve success with no effort.

You can make gains but you need to get a solid forex education, a simple system, that's robust, logical and you understand and can trade with discipline. You are then on the road to currency trading success.

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Different Methods of Mining Coal

Different methods of coal mining are adapted to dig out the natural coal from the earth. Among them, Surface mining method is applied for producing coal of about nearly 40% in the world. The coal deposits are found on the surface of the earth and make the mining easier for the coal-miners. The various types of coal mining are contour, mountaintop removal and strip mining.

Strip mining is adopted in areas, which has leveled landscape. The surface coal is exposed when the earth covering them is removed in strips. When the whole earth concealing is removed from the surface the coal that lay beneath is exposed. They appear in blocks and are usually extracted either by drilling or blasting. Once the strip is free of coal or goes empty, the strip mining process is continued with the next strip that lay adjacent to the former.

The contour mining is used to remove coal from the layer following the contours found along the ridges of a hill or landscape. The commonly used places for this type of mining are areas with rolling to steep terrain. This method may create landslides and erosion troubles. Using the freshly cut overburden to refill the mined areas rectifies these problems. Strip mining has its own limitations and when the process of strip mining reaches a specific stripping ratio, it may not yield you profit when continued.

Mountaintop removal coal mining can be understood by its name. Removing the mountaintops exposes the coal. This method also involves disposing of mining overburden that is associated with mountaintops removal in nearby valleys. This method is a combination of area and contour strip mining methods. This process creates adverse changes in the topography like creating head of hollow hills and filling valleys with mining wastes.

Latest open cast methods can reveal higher proportion of coal deposit than the underground mining methods.

Deep mining or underground mining is applied to dug out coal that lay underneath the surface of the earth. The primary underground mining ways are Continuous, Longwall, Shortwall, Retreat and Blast Mining.

Longwall mining method is adopted for about 50% of underground mining. This method involves a complex machine with a revolving drum that sways mechanically back and forth across the coal deposit. This method yields high production and ensures safety. This method has sensors that can detect the quantity of remaining coal in the seam and robotic controls contribute to the efficiency of the process.

Continuous mining method is applied for about 45% in underground coal mining. The machine used in this method has a huge revolving steel drum that is facilitated with tungsten carbide teeth to extract the coal from the seam.

Blast mining occupies less than 5% of the whole underground mining in USA. Explosives are used to break the coal seam in this method. The extracted coal is collected and transported to the central area using conveyors or shuttle cars.

Shortwall mining covers 1% and the method is somewhat similar to longwall mining. Retreat mining method employs pillar or coal ribs to support the roof of the mine. This is the most dangerous method as it involves risk of falling roofs that might trap or crush the workers in the mine.

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A Tour of Forex Trading Tools

In foreign exchange (forex) trading, brokerage companies offer their clients different types of tools to help them succeed. Also referred to as FX, foreign exchange markets are unique and complex. The brokerage company provides our clients with essential forex tools such as margin and pip calculators as well as a currency converter to ensure people trading in forex have a safe and secure trading experience.

Each of the brokerage company's FX tools has been specifically designed to enable customers to have the most efficient resources available, providing the most recent precise information. As a result, data streams and live prices are delivered to the broker's FX tools in real time. As a result, people trading are able to make informed trading transactions.

Calculating Margin
This FX calculator helps the person trading currency to decide on the selling price for currency pairs to attain the preferred profit margin. Depending on the specific tool provided, the trader would simply enter the trade size and select the currency pair in the preferred account currency.

Next, the person planning a trade would then enter the leakage necessary and click on the calculate button which, by design, generates the required selling price and gross margin.

Calculating Currency
The brokerage company currency converter is a simple FX tool to convert a set amount of one currency to another. It features twenty three different contexts.

The trader chooses the desired amount and the appropriate currency from the list provided. The prices are updated in real time by the brokerage company.

Next, the person trading should choose the currency that they want to convert. The next step is to use the calculate feature. The FX currency calculator then gives the value based upon the live market pricing.

Calculating Pip
A pip is the least change that can be made in a given exchange. The FX pip calculator provides the value per pip in the trader's account currency for all major currency pairs. All values ​​are based on real-time brokerage company currency rates.

A pip calculator can be an important tool in the preparation and creation of an assessment of forex trades.

The individual punches in the preferred trading amount in units, then chooses the desired currency pair. The trader then chooses the currency they wish to have the figure converted into.

Activating the calculation button obtains the pip value for the currency chosen using market prices from live forex trading.

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The Best Currency Trading Software is the Best to Trade – Manual & Automatic Trading

What is the best currency trading software that can help you out? Or should you try regular manual trading? It's all up to you, you have plenty of options which is the beauty of Forex, you have plenty of different ways of making cash. That's why you should start now and try to make as much money as possible!

Okay, so when it comes to the Forex market, you want to start with a sense of urgency. There are many different ways of monetizing the Forex market with manual and automatic methods, we are going to go with both methods, explain why they are great, some additional stuff, and why you should in the end consider both options!

Manual Trading
Manual trading is great if you actually know what you are doing. Many traditional expert traders like to trade their own money, they trust their own hands – and feel if they can not trust themselves then they can not trust "software", so they do so and successfully, there are others that fail, and fail miserably ! First of all, many of the manual traders actually use something that is called a Forex indicator, it uses technical analysis, which is complex mathematical formulas that measure different things and statistical in the market to determine the future.

Predicting the future is pretty tough, but it is still very possible with Forex. Manual traders also use something that is known as a fundamental analysis. This is very useful because it takes the state of the currency home's economy into account, by using both manual traders put together a "profitable puzzle".

Automatic Trading
Automatic trading is one of those new things that has everyone going crazy because it uses technical analysis, and even built in psychology to help simulate what an expert trader would do, even better it trades your money for you automatically, so you can sit back and watch the cash pile up.

It's crazy, and it sounds too good to be true, so you would really have to see it in action to actually see how it works and to see how believable it really is.

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