Mini Forex Account

Rapid and fair trade execution. Market orders are confirmed within seconds at prices clicked on or accepted by the client. Furthermore, GCI has a "zero slippage guarantee" for all Forex Stop and Entry Stop orders that are placed at least one minute before the market reaches your specified price.Zero commissions for all accounts. Client trading performance is enhanced by eliminating all commissions.State-of-the-art trading software. The GCI trading software provides real-time prices in 23 major currencies, 5 equity indices, plus gold, silver, and crude oil. Live charts, and real-time P&L and account equity tracking are fully integrated into the free software. Windows-based and Java-based versions are available

Forex Economic Indicators

The execution of fundamental analysis in the Forex market is done through the use of economic indicators. These indicators point to the state of some economical factors in the country whose currency you wish to trade with.Economic indicators are published by various sections of the government and private companies. These statistics are analyzed by market investors to predict the direction of the Forex trading market. Forex economic indicators are published at fixed time intervals, and are followed by any serious online Forex trader.Since so many people are tuned to use them, Forex economic indicators have a large impact on prices of currencies of the Forex trading market. Most traders do not use fundamental analysis because economic indicators seem difficult. This however is wrong because following simple guides can help you stay updated with the important Forex economic indicators easily

Basic status of japanese yen

Characteristically, the Japanese yen traded corresponding to shifts in risk appetite throughout the past week, with extensive losses in the stock markets assisting to enhance the currency. These relationships are expected to hold in the upcoming future, whilst fundamentals should not have the important role to take. Nonetheless, there is going to be a few of Japanese indicators released that might be interesting enough for traders. On Monday, the statements from the Bank of Japan’s December conference, at the same time as the Monetary Policy Board swiftly cut rates by 20 basis points to 0.10%, is going to be released. Considering this policy movement, statements within the minutes is probably to be very bearish on outlooks for the Japanese financial system, worldwide growth, and financial market circumstances. On Wednesday, retail trade numbers might show a sharp 0.8% decline in utilization in December, showing the 4th straight month of reduction and indicating fading domestic requirement

Starting to use Forex economic indicators

To get started, you should first keep a log of all the important Forex economic indicators' release dates. Keep a log or make a subscription to one of the economic journals, so you'll know the most important factors of that time. If you are trading in JPY, the Forex economic indicators need to be relevant to the currency type, of course.Each economic indicator tells you about a different aspect of the economy, and this should be translated in turn into the predicted movement of the currency price. Make sure you understand which aspect the indicator is about. For example, know that the GDP measures the growth of the economy while the PPI measures inflation. Don't worry, with some experience this will come naturally

Euro Trading Tips

Learn to identify trends and trading opportunities with the euro. See and discuss important chart patterns and current events with a euro trader.Learn the best time to trade the euro. Learn how to anticipate movements and confirm trends in the euro. Discuss what’s happening in the euro today with a Power Course instructor.DailyFX+ Live11:00 am EST (16:00 GMT) and 7:00 pm EST (00:00 GMT)Experience the power of DailyFX+ in a live video walkthrough!Discuss current market movements. Discuss the day's price action. Identify signals for immediate trading. How to use DailyFX+ to find trades

How to read the Dealing Rates

Many institutions in the forex market quote prices down to 1/100th of a cent in the euro/US dollar currency pair. 1/100th of a cent is called a "pip"; therefore, a change in the price of a euro from $1.4613 to $1.4614 is a change of one pip.FXCM actually shows prices with an even greater degree of precision, down to 1/10th of a pip (which is 1/1000th of a cent). Forex prices are always quoted in pairs, such as the euro to the US dollar (abbreviated EUR/USD). The price shown in the dealing rates box to the right defines how much of the second currency 1 unit of the first currency is worth. For example, a EUR/USD buy price of 1.46160 means that it takes $1 and 46.160 cents to buy 1 euro

Consumer Price Index (CPI)

This Forex trading economic indicator is published by the Bureau of labor statistics in the U.S. Department of Labor, every 13th of a month. The economic index is relevant for the passing month, and measures the price of a fixed basket of goods and services that is bought by consumers. This is the most used measure of inflation, an important tool for the Forex trading market.It is important to state that this Forex economic indicator does not measure technological commodities which change in price, and this is something the CPI has been criticized for.When you use the CPI to measure Forex trading price changes, you should always remember to take into consideration the movements in the food and energy prices, because they can change and rise or drop regardless of the Forex currency or the inflation levels