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Forex Pips Strategy - The World's Most Exciting Way To Trade!

Forex wizard offers Forex pips strategy and Forex Trading (or foreign currency trading) in a fast-pace and its an exciting way to profit from moves in the world financial markets.

Smart investors can predict and then take advantage of fluctuations in the value of one currency as it relates to another. With a highly-leveraged account, a trader can start with as little as $300, and control tens of thousands of dollars worth of foreign currency. Even a change in the value of a currency of only half a cent can create profits that total in the thousands of dollars!

Getting started in the world of Forex investing is easy! All you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of trading, and you're on your way.

Of course, you can't expect to make money without a lot of practice. Before you even think about investing your own money, it is essential that you use your broker's demo function to get used to the trading platform, and test out your strategies.

Without years of experience, and loads of data at your fingertips, you can't really expect to create a successful trading strategy on your own. Fortunately, there are several investors who have discovered successful strategies, and they are willing to share them or sell them for a reasonable price.

Forex Forums like Forex Factory and MoneyTec are great resources for beginners.

Books like Simple Forex and Bird Watching In Lion Country layout specific strategies that have proven to be successful and can be traded by anyone willing to employ these strategies.

Recent Forex News

Technical Analysis

EUR/USD Slow-Rolling Into Support Area Above 1.2625
The EUR/USD has continued to make lower lows but has slowed the decline considerably as we end the week. The 1H chart shows an extended bullish divergence that corresponds to price action in a slightly downwards channel. As we get into the 5/18 US trading session, it is testing the
FX Thoughts for the Day
Contrary to our expectation, the Pound has risen back above 1.5800 and it will have to be seen whether it can sustain above 1.5800 or not. The 200-DMA is currently at 1.5821 and a strong break/close above this level would ease the downside pressure a bit. On the other hand
USDJPY: Further Weakness Envisaged
USDJPY: With USDJPY breaking below the 79.42 level, the risk is for it to decline further. This now sets the stage for a run at the 79.00 level. A decisive cut through here will allow for more weakness towards the 78.18/27 levels. Its daily RSI is bearish and pointing lower
Weak Dollar Slammed USD/JPY Under 80 Again
On Thursday Dollar/Yen decreased significantly with almost 130 pips. The currency couple depreciated from 80.40 to 79.12 yesterday, matching the negative money flow sentiment at around -18%, closing the day at 79.25. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.
Forex Technical Analysis
Today's low at 1.2641 is practically a test of 1.2624 support area on the senior frames and there is a chance for a reversal, which should provoke a larger consolidation rebound towards 1.2815 and 1.2910. The intraday outlook is slightly positive above 1.2670 support and a break above 1.2735 will clear the way for 1.2815.

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Fundamental Analysis

Weekly Economic and Financial Commentary
QE3 seems to have more lives that a cat; it comes back into the forefront of the U.S. economy discussion every time there are concerns that economic growth is faltering or potential threats become more than potential, like the recent chapter in the Greek tragedy. Today, with the economy growing, albeit
The Weekly Bottom Line
Global economic concerns ratcheted up this week. Fears that Greece will soon leave the euro zone rose as the country's unstable politics undermine its economic reform process and a shrinking deposit base threatens its banks. Beyond the Hellenic Republic, Spanish banks faced rating downgrades, the euro remained under pressure and
Europe Steps Closer to the Cliff Edge
It was a pivotal week for the Eurozone after Greece announced that it was heading back to the polls after the top three parities failed to form a coalition government. So now Greece is leaderless, there is a caretaker government in place but it won't be able to enforce the
Canadian Consumer Prices Rose 0.4% on a Monthly Basis in April With Core Pric...
The all-items Canadian CPI rose 0.4% in April, matching the increase in each of the previous three months, though slightly stronger than the 0.3% expected by markets going into the report. The monthly rise was modestly stronger than the 0.3% gain recorded in April 2011, resulting in the year-over-year rate
Signs that Bearish Sentiment May be Wearing a Bit Thin
The Facebook IPO today has temporarily knocked Europe from the headlines as the world's eyes are focused on the Nasdaq at 1430 GMT/ 0930 ET when Facebook will start trading for the first time. CNBC anchors have been wearing honorary hoodies to mark the occasion so it must be big.

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