What is Forex - a work or play?

What is Forex - a Work or Play?
There is much opinions - and I have solved to voice its!
There is two models peoples activity work or gaming. The Play is always risk, but besides this liberty of the choice. The Play can bring You enormous winning and at the same time enormous loss. However, this - insignificant how much measures, which You srent to meet goal. So the main feature of the play is a risk.
Work, on the contrary, disciplines the process, completely exclusive of any risk. The Result worker process is a salary.
Considering trade on international exchange market Forex, not to can to be any unambiguous answer for question "That is Forex". All hang from traders choice. Thinking over trade in Forex with standpoint of the work, we can find much significant differences between this and usually worker process. The Trader no has a traffic manager, position, stairway quarries, trader not to install the monthly salary, him not it is necessary to go in office each daytime. All this - both advantage and defect of the trader. This is not usual notion of the work what each got accustomed to.

Lets Now solves to trade in context of the play. Openning and closing positions, traders to make a bet that happens with currency, independently factor will move or on. So have given correct forecast, trader gets the profit, and, on the contrary if he did not predict change on the market, he loses all. This can be in contrast with casino but can is not named work.

According to today, much traders try to suppose, which trades on international exchange market Forex worker. The Difference between play casino and trade on Forex consists in constant-development itself, market analysis, founding in fundamental and technical factor of the market behaviour. The Trader must check the quotings, follow the most important economic and political news in the world. And according to information, he must come to a conclusion the operations on performing.

If trader is entrusted in his intuitions only, trading the process is added up to play casino. When trading on Forex, You keep the bases fundamental and technical analysis, You always informed about economical and political situation in the world, probable risk of the estimation beforehand, then, certainly, trade on international market Forex - WORKER.

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New forecast and signals Forex on 29/07/2010

New forecast and signals Forex on 29/07/2010


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Forex free technical analysis for GBP/USD on 28/07/2010

There is little convincing acknowledgements to prove that this pair - in process of the shaping the top: the price nearly concerns 200 Day MA, she reached the old level of the wave 4 smaller degrees total completion place for wave 4 countertrend push; 2-I leg to whole correction, which began in Can fall, - Fibonacci 2.618 first leg; and average length of time forecast for wave 4 counter. As soon as decline to begin, he could send the price such low as 1.5050.
Drilling down to a lower timescale it seems there may be one last wave up on the hourly chart before a substantial decline. This may take prices to the 1.5550s. The early downward pressure this morning, however, indicates there could be a sideways corrective phase before the start of the last wave up.

The most best - know when it is correct to make the forex deals - free forex signals and forecast on 27/07/2010

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Free Forex signals, analysis, recommendations and comments on 26/07/2010

Free Forex signals, analysis, recommendations and comments on 26/07/2010
EUR/USD intraday: continuation of the rebound.
Pivot: 1.284
My preference: Long positions above 1.284 with targets @ 1.2965 & 1.3 in extension.
Alternative scenario: Below 1.284 look for further downside with 1.28 & 1.2733 as targets.
Comment Forex: the RSI is mixed with a bullish bias.
GBP/USD intraday: bounce.
Pivot: 1.5345
My preference: Long positions above 1.5345 with targets @ 1.545 & 1.5535 in extension.
Alternative scenario: Below 1.5345 look for further downside with 1.529 & 1.5245 as targets.
Comment Forex: the RSI is mixed with a bullish bias.
USD/CHF intraday: the upside prevails.
Pivot: 1.049
My preference: Long positions above 1.049 with targets @ 1.056 & 1.0595 in extension.
Alternative scenario: Below 1.049 look for further downside with 1.0455 & 1.0395 as targets.
Comment Forex: the RSI is well directed.
USD/JPY intraday: bullish bias above 87.
Pivot: 87
My preference: Long positions above 87 with targets @ 87.58 & 87.85 in extension.
Alternative scenario: Below 87 look for further downside with 86.75 & 86.45 as targets.
Comment Forex: the RSI is mixed with a bullish bias.
USD/CAD intraday: under pressure.
Pivot: 1.043
My preference: Short positions below 1.043 with targets @ 1.0345 & 1.03 in extension.
Alternative scenario: Above 1.043 look for further upside with 1.0465 & 1.0505 as targets.
Comment Forex: the RSI is badly directed.
AUD/USD intraday: bullish bias above 0.889.
Pivot: 0.889
My preference: Long positions above 0.889 with targets @ 0.908 & 0.918 in extension.
Alternative scenario: Below 0.889 look for further downside with 0.8845 & 0.88 as targets.
Comment Forex: the RSI is mixed with a bullish bias.

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