Resources for the Independent Trader Blog

Asian Session – Yen dips after BOJ policy meeting

Posted on September 5, 2013 by the XM Investment Research Desk at 6:23 am GMT

The Bank of Japan concluded its policy setting meeting on Thursday announced it left its

monetary policy unchanged upwardly revised its view of the economy, saying in a

statement that it is “recovering moderately”.

The BOJ will continue with asset purchases as part of its stimulus plan to bring inflation

up to a 2 percent target.

The BOJ policy announcement initially had little impact on yen but after the BOJ press

conference by the end of the Asian session the USDJPY jumped higher, reaching 99.96

yen but unable to break above the key 100 level.

With the BOJ meeting over, investors now look ahead to other major central bank policy

meetings by the European Central Bank and Bank of England. No policy changes are

expected, but as always analysts will study the bankers’ statements carefully.

In other currencies, the euro slid against the dollar ahead of the key ECB meeting later

today. EURUSD fell some 35 pips from $1.3204 to a session low of $1.3162.

GBPUSD opened in Asia at $1.5622 and slid to $1.5594. EURGBP hovers near a three-

month low of 84.36 pence. The pound is being buoyed by strong data releases this week.

Apart from central bank meetings, in the U.S. session we will have a slew of U.S.

economic releases, including the ADP private-sector employment report and the latest

data on weekly jobless claims. The ADP is seen as a precursor for Friday’s big nonfarm

payrolls jobs report.

WEBINAR ON MONEY MANAGEMENT

05/09/2013 – 13:00 GMT Time

Instructor: Chief Technical Strategist – Avramis Despotis

We all heard the phrase “Markets never sleep”! Well, that is absolutely true and what

you as trader need is to have enough money to trade another day. Money management

is your Swiss knife to survive the market turbulences. Planning your trading life cycle will

help you deduce the preferred leverage, the position size and the amount of money that

your plan allows to commit. It’s a “risky game” and you should utilize professional

techniques to tackle it. Money management increases the odds to grow your profits.

Learning Outcomes

By the end of the course, the participants will be able to:

Be aware of drawdown and its positive correlation to risk

Realize the pros and cons of leverage

Calculate the correct position size

Know the acceptable amount to risk per trade

Register Here

TRADING WITH JAPANESE CANDLESTICKS

12/09/2013 – 13:00 GMT

Instructor: Chief Technical Strategist – Avramis Despotis

Japanese candlestick charts are the alpha and omega of trading using technical analysis.

If you know candles you can find tops and bottoms in the market. If you know candles

you can find entry and exit levels. In this webinar we will explain the rudimentary

concepts of candlestick charts and how they can be used for successful trading in the

forex markets.

Learning Outcomes

By the end of the course, the participants will be able to:

Learn about different types of candlestick patterns

Learn how to enter and exit the markets by using candlesticks

Understand how to use candles to identify tops and bottoms

Discover how to take advantage of candlesticks chart patterns PHI candle interpretation that simplifies candles and eliminates the use for names

Register Here

UPCOMING FOREX SEMINARS AND WORKSHOPS

Budapest, Hungary – 7 September 2013 – 100 Seats Available

Reggio Emilia, Italy – 21 September 2013 – 50 Seats Available

Dubai, UAE – 28 September 2013 – 50 Seats Available Kuala Lumpur, Malaysia – 19 and 20 October 2013 – 100 Seats Available

Register Now

Pierre A Pienaar

Retired in 2011 from trading and business.

I would like to share my passion, my interests, knowledge & experiences in Forex,

Options, Gold Investments, Futures, Stocks, Binary Options, Economics, Life-long

Trading Education, Finances, Business, Stamp Collection, Sports, Gardening, Reading,

Photography, Politics

http://www.facebook.com/pierrea.pienaar

https://twitter.com/pienaar_a

http://www.goodreads.com/user/show/2580802-pierre-a-pienaar

http://resourcesindependenttrader.blogspot.com

http://www.viadeo.com/profile/0021ok1u4iwg7pwc

https://www.xing.com/profile/PierreA_Pienaar?sc_o=mxb_p

http://www.slideshare.net/PierreAPienaar

https://plus.google.com/103487646835776536221/about

http://weibo.com/3158954871/profile?topnav=1&wvr=5

http://www.linkedin.com/pub/pierre-a-pienaar/64/a4/666/

Xcelwealth Store - Business & Investing

Substantial risk of loss

There is a substantial risk of loss of stocks, forex, commodities, futures, options,

and foreign equities are substantial.

You should therefore carefully consider whether such trading is suitable for you

in light of your financial condition. You should read, understand, and consider

the Risk Disclosure Statement that is provided by your broker before you

consider trading.

Please consider the environment before printing this message.