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An introductory seminar that teaches you common methods for beginners to start trading forex, presented in real time. Personal consultations are available upon request.

Current market themes. Educational opportunities. Transitioning from demo to live trading.

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Forex Trading Tips - Hammers and Hanging man:

Recognition: The lower shadow (or tail) should be at least two times the length of the body. The color of the body is not important although a black body has slightly more Bearish indications and a white body has slightly more Bullish indications.

Pattern Psychology: This pattern at the bottom of a down trend is called a Hammer. This pattern at the top of an uptrend is called a Hanging-Man.

US Retail Sales m/m will be released today:

The previous report on Fe 12, 2010 rose up to 0.5% which was more than the forecast 0.4%. This time the forecast -0.1% and the final report number must be higher than the forecast in order to see some positive movements of the US dollar against other major currencies on the market. The report will be released today at 1:30 p.m. GMT.

EUR/USD technical analysis today 12.03.2010:

It looks like the currency pair may try to test again levels around 1.3700 in the next a couple of hours. The main support is located around 1.3580. As long as this level holds another rise towards the 1.3800 zone could be seen. The technical indicators give signals for taking short positions.

Current trend: BUY

US Trade Balance will be released today:

The report is about the difference in value between imported and exported goods and services during the reported month. The forecast is - 40.9B. The actual report number must be higher than the forecast in order to see some strong movements in favor of the US currency. The report will be released today at 1:30 p.m. GMT.

USD/JPY technical analysis today 11/03/2010:

USD/JPY remains in downtrend position. Another fall towards the 89.50 zone could be seen in a couple of hours. The technical indicators signal for short positions.

Current trend: SELL

EUR/USD technical analysis today 1/03/2010:

The pair remains in downtrend position. Another rise could be seen at some point today towards the 1.3800 zone. Otherwise, a fall below 1.3500 zone could indicate further downtrend movement towards the 1.3400 area. Looks like the major sell zone at the present moment is located around 1.3600 zone. It is good for taking short positions.

Current trend: SELL

UK Manufacturing Production m/m - negative:

The report was released minutes ago. The actual report number is -0.9% which is considered negative for the British currency. GBP/USD at the moment is trading at 1.4905 and the report would probably take the price down to the 1.4850 zone in a couple of hours.

British Manufacturing Production m/m will be released today:

It's a leading indicator of economic health. It could trigger the British currency in either way on the market depending on the actual report number. The forecast is 0.3% and there must be higher number than this in order to see some positive movement of the GBP. The report will be released today at 9:30 a.m. GMT.

GBP/USD technical analysis today 10/03/2010:

British pound lost positions against the U.S. dollar for the second day. The pair remains in downtrend position. Deeper decline towards 1.4784 is expected later today, a breakdown this level could trigger another fall towards 1.4500 area.

EUR/USD technical analysis today 10/03/2010:

EURUSD traded in a narrow range between 1.3530 and 1.3735 for a couple of days. Downward trend remains valid and only a rise over 1.3850 will submit an indication of possible change in the direction of movement. The technical indicators signals for taking short positions.