How to succeed at FOREX

FOREX world divided into two sectors that is the winners and losers who are many. In this article I will submit my my own experience in FOREX which lasted two years, it was a strategy suits me honestly ,I don’t know if somebody else published it before me.

The strategy in FOREX is to open a contract daily, it should be on currencies Euro against Dollar, I repeat it Euro against Dollar.

The whole process is not too complicated ,the contract will be opened based on Euro if it is up or down in the previous days ,which means if the indicator is down you should sell, but if the indicator is up you should buy.

It is simple process, the strategy based on important thing which means you should put stop lose valued 25 points and stop win 50 points.

This process should be done daily in every contract you make.

Important notes  

If you want to succeed open daily contrac  ,just one, in a certain time every day as it is favorable when the financial market is open. when you open a contract ,you should did the previous steps and switch off your computer, don’t open it till the second contract you intend to open.

Plus don’t be greedy just win a little better than lose much.

10:55 AM | 0 comments | التعليقات

Forex

through the basics of forex pricing and placing your first forex trades.

‘Forex’ is short for foreign exchange, also known as FX or the currency market. It is the world’s largest form of exchange, trading around $4 trillion every day, and it is open to major institutions and individual investors alike.

Forex explained

The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.

Some confusion can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly.

In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.

Some commonly traded forex pairs (known as ‘major’ pairs) are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies (also known as ‘exotics’) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.

Forex trading spread

Like any other trading price, the spread for a forex pair consists of a bid price at which you can sell (the lower end of the spread) and an offer price at which you can buy (the higher end of the spread). It is important to note, however, for each forex pair, which way round you are trading.

When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. So an offer price of 1.3000 for EUR/USD means that it will cost you $1.30 to buy €1. You would buy if you think that the price of the euro against the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.30.

When selling, the spread gives you the price for selling the first currency for the second. So a bid price of 1.3000 for EUR/USD means that you can sell €1 for $1.30. You would sell if you think that the price of the euro is going to fall against the dollar, so you can buy back your €1 for less than the $1.30 you originally paid for it.

Calculating your profit

Take another example. Suppose the spread for EUR/GBP is 0.8414-0.8415. If you think the price of the euro is going to rise against the pound you would buy euros at the offer price of 0.8415 per euro. Say in this case you buy €10,000 at a cost to you of £8415.

The spread for EUR/GBP rises to 0.8532-0.8533 and you decide to sell your euros back into pounds at the bid price of 0.8532. The €10,000 you previously bought is now therefore sold for £8532. Your profit on this transaction is £8532 minus the original cost of buying the euros (£8415) which is £117. Note that your profit is always determined in the second currency of the forex pair.

Alternatively, suppose in the first instance you think the price of the euro is going to fall, and you decide to sell €10,000 at the original bid price of 0.8414, for £8414.

In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.

Spread betting or CFD trading

InterTrader.com provides two different vehicles for trading forex: spread betting and CFDs. Both of these products allow you to speculate on the movements of currency markets without making a physical trade, but they operate in slightly different ways.

With spread betting you stake a certain amount (in your account currency) per pip movement in the price of the forex pair. So for instance you might buy (or sell) £10 per pip on USD/JPY, to make £10 for every pip the US dollar rises (or falls) against the Japanese yen. Forex traders have been using spread betting to capitalise on short-term movements for many years now. Find out more about spread betting.

With CFDs you buy or sell contracts representing a given size of trade. So you might decide to buy 1 contract of GBP/USD, which (with InterTrader.com) represents a trade of £10,000. Your profit or loss is calculated in the second currency, in this case US dollars, and then converted (if necessary) into your account currency. Find out more about CFDs.

Either way you don’t have to provide the full currency value to open your position. Instead you put down a margin deposit, which is a fraction of the full value. And you don’t actually buy or sell any currency: you are opening a speculative position on the change in value of the forex pair. Your profit or loss is realised when you close your position by selling or buyi

1:59 PM | 0 comments | التعليقات

Forex for Beginners

Forex explained

The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.

Some confusion can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly.

In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.

Some commonly traded forex pairs (known as ‘major’ pairs) are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies (also known as ‘exotics’) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.

Forex trading spread

Like any other trading price, the spread for a forex pair consists of a bid price at which you can sell (the lower end of the spread) and an offer price at which you can buy (the higher end of the spread). It is important to note, however, for each forex pair, which way round you are trading.

When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. So an offer price of 1.3000 for EUR/USD means that it will cost you $1.30 to buy €1. You would buy if you think that the price of the euro against the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.30.

When selling, the spread gives you the price for selling the first currency for the second. So a bid price of 1.3000 for EUR/USD means that you can sell €1 for $1.30. You would sell if you think that the price of the euro is going to fall against the dollar, so you can buy back your €1 for less than the $1.30 you originally paid for it.

Calculating your profit

Take another example. Suppose the spread for EUR/GBP is 0.8414-0.8415. If you think the price of the euro is going to rise against the pound you would buy euros at the offer price of 0.8415 per euro. Say in this case you buy €10,000 at a cost to you of £8415.

The spread for EUR/GBP rises to 0.8532-0.8533 and you decide to sell your euros back into pounds at the bid price of 0.8532. The €10,000 you previously bought is now therefore sold for £8532. Your profit on this transaction is £8532 minus the original cost of buying the euros (£8415) which is £117. Note that your profit is always determined in the second currency of the forex pair.

Alternatively, suppose in the first instance you think the price of the euro is going to fall, and you decide to sell €10,000 at the original bid price of 0.8414, for £8414.

In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.

Spread betting or CFD trading

InterTrader.com provides two different vehicles for trading forex: spread betting and CFDs. Both of these products allow you to speculate on the movements of currency markets without making a physical trade, but they operate in slightly different ways.

With spread betting you stake a certain amount (in your account currency) per pip movement in the price of the forex pair. So for instance you might buy (or sell) £10 per pip on USD/JPY, to make £10 for every pip the US dollar rises (or falls) against the Japanese yen. Forex traders have been using spread betting to capitalise on short-term movements for many years now. Find out more about spread betting.

With CFDs you buy or sell contracts representing a given size of trade. So you might decide to buy 1 contract of GBP/USD, which (with InterTrader.com) represents a trade of £10,000. Your profit or loss is calculated in the second currency, in this case US dollars, and then converted (if necessary) into your account currency. Find out more about CFDs.

Either way you don’t have to provide the full currency value to open your position. Instead you put down a margin deposit, which is a fraction of the full value. And you don’t actually buy or sell any currency: you are opening a speculative position on the change in value of the forex pair. Your profit or loss is realised when you close your position by selling or buyin

3:40 AM | 0 comments | التعليقات

‘Jordan mulls building $140m facility to produce yellowcake’

Jordan will start studies related to the water, power and infrastructure needs of a $140 million facility for production of yellowcake in 2016, according to Samer Kahook, general manager of the state-owned Jordan Uranium Mining Company.

The study will help identify all needs of the facility, which will be located in the central region, including logistics, he said in a recent interview with The Jordan Times.

The factory, Kahook said, will help ensure security of supply not only for Jordan but for countries in the region that are already planning and are in the process of building nuclear reactors.

“By 2020, when the facility is operational, Jordan will be one of the countries that produce yellowcake commercially.”

The mega-plant, which will be designed by Jordanian manpower, will produce about 300-400 metric tonnes of yellowcake annually in its initial phase and its capacity can be later expanded to 1,500 tonnes a year, said Kahook.

The central area of Jordan, about 80 kilometres south of Amman, is home to 36,389 metric tonnes of uranium oxide that is easily mined and can be extracted cost effectively.

This volume, which is likely to be increased as exploration is ongoing, is enough to provide nuclear fuel for Jordan’s two planned reactors with a 1,000 megawatt capacity each for 130 years.

“Egypt is planning to build nuclear reactors. Many Gulf countries such as the UAE and Saudi Arabia also have plans in this regard. Turkey is also working on building nuclear reactors. This factory can ensure supply to these states,” Kahook said.

There currently are about 400 operational nuclear reactors across the world and by 2020, more than 70 additional nuclear reactors will start operations, which will boost demand for yellowcake.

The Kingdom, which imports 97 per cent of its annual energy needs, is planning to build a nuclear power plant with two reactors with a capacity of 1,000 megawatts each. The reactors are expected to be ready by 2022 and are expected to cost around $10 billion.

Russia is a strategic partner and a preferred bidder in the nuclear reactor project.

2:59 PM | 0 comments | التعليقات

Abu Qura named National Petroleum Company chairman

The committee of government representation in companies on Wednesday decided to appoint Qutaiba Abu Qura as chairman of the National Petroleum Company, succeeding Abdul Razaq Nsour.

The committee also appointed Abdul Rahman Qteishat as director general of the company, the Jordan News Agency, Petra, reported. Abu Qura was the company’s director general between 2009 and 2011, after which he served as minister of energy and mineral resources in Awn Khasawneh’s Cabinet.

2:58 PM | 0 comments | التعليقات

The signing of electricity generation license from solar cells

Chief Commissioner of the Energy Regulatory Commission (TRC) and the Minerals Council engineer Farouk Hiyari said that renewable energy has become a strategic choice for the Kingdom, is seen as productive sector and not for  small pets, the national economy flows into and opens the door to more job opportunities.

Hiari added after he signed at the headquarters of the Authority yesterday electricity generation license granted by the solar cell of Al Badia capacity of (10 MW), that is the first license in accordance which the company will sell the electricity to the Al-Bdia Irbid District Electricity Company.

He pointed out that the total possible obstetric granted by the Authority as of (50 MW) by solar cells and (117 MW) by wind power.

He said the authority is working to enhance the contribution of renewable energy in the total energy mix commitment to the national strategy for the energy sector which provided for raising the percentage contribution of renewable energy in the energy mix by (10%) in 2020.

Regarding solar energy in Jordan, Hiyari said  that it is an important source of energy, especially in the eastern and southern regions of the Kingdom, where more than 300 days in the year, which enhances the capabilities of the Kingdom in the production of this important energy source.

The license granted to the company Badia, Hiari stated  that 20 years comes to complement the efforts of the organizing energy and minerals sector Commission in promoting the use of renewable energy sources in the Kingdom of systems based on the provisions of the General Electricity Law No. (64) for the year 2002 and the Law on renewable energy and energy conservation No. (33) for the year 2014.

From his part, Abdul Rahman Shehadeh, CEO of Philadelphia Energy, owner of Al Badia praised the  role in the Commission  to facilitate the task of investors, adding that the project is among the first private sector company that sells electricity to the private sector (electricity company Irbid Governorate).

He stressed on the importance of the project and said it would be a reference for future similar agreements and the first case, a local company designed, manufactured and implemented and funded a project of this kind.

2:58 PM | 0 comments | التعليقات

‘Gov’t to spend JD115.286m on Aqaba development projects’

Public expenditure on the Aqaba Governorate development programme between 2016 and 2018 is expected to stand at around JD115.286 million, Planning and International Cooperation Minister Imad Fakhoury said Thursday.

At a meeting with lawmakers, officials and local community representatives in the governorate, some 330km south of Amman, Fakhoury said the estimated cost of development projects for 2016 is JD42.624 million, while it stands at JD33.739 million for 2017, and JD38.923 million for 2018, according to a ministry statement.

As for local community priority projects, the minister said a total of JD112.976 million was allocated to that end over the next three years: JD42.097 for 2016, JD38.061 for 2017 and JD32.818 for 2018, according to the statement.

The Aqaba development programme represents a strategic document and tool that entails studying and analysing the current situation of the port city, he said, adding that the programme identifies problems and challenges facing the governorate, especially for the Qweira, Wadi Araba and Diseh districts which are beyond the jurisdiction of the Aqaba Special Economic Zone Authority.

Fakhoury also highlighted the government’s commitment to adopting the outcomes of the 2016-18 Aqaba Governorate development programme.

To benefit from investment opportunities in Aqaba, according to the investment map for the southern governorates, the minister said the government will cooperate with funds and microfinance institutions to direct their funding towards these investments, the statement added.

With Aqaba among the southern governorates affected by the Syrian refugee influx, Fakhoury said around $319,000 in funds have been approved in the Jordan Response Plan for projects in the governorate, which has a population of 145,500 according to the Department of Statistics’ 2014 estimates.

He stressed that the government will request more international support in this regard, noting that this amount is not enough to address the effect of the refugee crisis on Jordan.

2:57 PM | 0 comments | التعليقات