The chairman of the Federal Reserve Bank (FED), Ben Bernanke, speaks. This means he will be addressing some conference which will be followed by the media. Many Forex investors are watching this event with a close eye.
What the professional traders are doing is mostly trying to read between the lines of what Bernanke says in order to understand his position regarding the economy. Most importantly they are looking for direct or indirect clues to the FED's next course of action. Anything that would signal a change of the FED's policy regarding interest rates would impact heavily on the Forex market. Concern for inflation can also be seen as a positive sign for the dollar.
As chairman of the FED, Bernanke has the power to move markets significantly with the force of his words alone. I doubt if any one else in the world has so much influence on the dollar as much as the Chairman of the Fed has. That's why he is usually choosing his words carefully, avoiding specifics. So it is not always easy and clear to understand what exactly his intentions are.
However, If you learn how to read between the lines on those speeches and understand the meaning behind it, you will surly be able to translate it into a lot of cash. It Doesn't matter if you trade the short or the long term.
You can usually see Ben's speech live on T.V business channels like Bloomberg or CNBC, or alliteratively wait for the reviews on various news websites.
You can also catch Bloomberg live on the internet here
http://www.bloomberg.com/tvradio/tv/
Hi, my name is Ganes. I live in Indonesia, in Central Java or Jawa Tengah province. I’m individual forex trader. The only pair I trade is GBP/USD andGBP/JPY. I’m 99% technical trader, which is mean that i dont really care about the “News”. This blog is simply a continuation of my Free Forex Signal blog.
My main technique is based on 4H chart, so you might categorize me as “swing trader”. However, i still trade on daily base, a day trading. I create this blog not to act as a “master trader” though. NO, i just wanna share what i know and wanna hear some that i might haven’t knew yet. So, please dont deem me as a Forex Guru or something similar. It would be better if you consider this blog as my trading journal :) I write on here for two main reasons, first is to keep my experience and forex knowledge recorded, and second is to get a feedback or comments.So please do not be hesitate to give a comment on any post or giving some contribution here whether it is a forex article, strategy or might be a forecasting.I always believe that experience is the best teacher,and more if we share those experience.
My Forex Signal
Since i wrote my Free Forex Signals blog there has been so many response. Mostly good response, though still some negative too. From all response,i often got this question “do you trade this signal?” and this comment “it seems like a daily pivot system” or this “It is WSS system right?“.
Let me write a simple answer here, hope this help all of you understand. Yes, that’s true I trade using my own signal. Though you should note that this is not my only technique. I still have 2 other techniques that i usually use.
I provide free forex signal mostly for those who haven’t got their own trading technique. It’s widely known that most forex tutorial out there telling us to have our own technique. As my experience in forex learning, i know that finding our own trading technique is not simple. It’s really need a time, while we usually dont have enough patient to ‘get in to the trade’. So, why not let other following my trade while they’re trying to get their own trading technique?
My forex signal is based on daily pivot strategy, even WSS system is based on this too. So, it’s definitely wrong to say that my signal is based on WSS system. The right statement should be “both my signal dan WSS system is based on daily pivot strategy“. Please have your mind clear on it :)
Last -but not least- i also would like to have some new friends with the same interest in forex trading. If you dont mind to be one of my new friend or just wanna know me more (find out whether i’m a real person or not.. lol) here are my friendster. And these are me on Yahoo, on clearblog, on blogster, on sulekha, on bloggerteam
Support and Endorsement
You know that this blog is previously planned to be my personal trading journal. As time goes by, I’ve found that more visitors need more basic forex trading info and tips. I’m on the way of making this blog as more comprehensive resource of forex trading. It’s indeed need more energy and really more time consuming.
Shortly and frankly speaking, I’ll really appreciate any support and endorsement from you. Of course, you don’t have to do me a favor — you can keep reading, and there will be no hard feelings either way. However, if you do, you will have the satisfaction of knowing that you have helped someone out today. Your support will be meaningful not only for me, but also for all of Pipholic readers.
You can show your support and endorsement by doing one or all of the following:
1. Drop me any suggestion/questions
You can do so by posting a comment on any post .You can also send me message using Contact Form or directly to admin@pipholic.com
2. Share your experience with any forex broker in the Forex Broker Review section.
3. Subscribe to Pipholic RSS by Email
4. Subscribe to Pipholic RSS using RSS readers
5. Join with mybloglog community
6. Fave Pipholic at Technorati
7. Bookmark or share any post using Share This icon located just after every post.
8. Linking to Pipholic using one of the following :
