June 29 2009 Forex Market Update

1. hdinh on June 29th, 2009 12:44 pm
   

   I open a demo 4 trade account on Fri Jun 26, at 1400 using H4. On Sun I using H1 to trade at 1825, i make money Sunday but today those trades are continue and I am losing now. How can I get out of those trade , how can I time limit the trade? In the real account is it work the same the demo? Thank
2. Greg Michalowski on June 29th, 2009 1:02 pm
   

   You can call our customer service at 212-791-3933. We have multi lingual representatives who can help. Alternatively, you can go to our website at http://www.fxdd.com and click on Live Support icon in the top corner of the screen. They can help you with user functionality.

   Let me know if you have any other issues. Greg
3. MikeG on June 29th, 2009 1:53 pm
   

   Hello Greg. I would like to ask you where can I get reliable informations for position trading. Any web site which can give economic projections as far as 3 months would be best for me. Thanks so much.
4. Greg Michalowski on June 29th, 2009 2:24 pm
   

   It is unlikely there is a site that gives economic projections month on month on monht. Most will only show economic projections out a month for data to be released. Having said that there are estimates for things like GDP, inflation, Employment. that most central banks provide. If you google Federal Reserve Bank, ECB, Bank of England, Reserve Bank of New Zealand. Reserve Bank of Australia, Swiss National Bank, Bank of Japan you will most likely find some pubished reports on their projections for economic tendencies. They tend to project ranges for GDP, Inflaitiion, Employment specifically. You will most likely not get things like Retail Sales from month to month. Instead you will get tendecies like GDP for 2nd half of year will be 0.0% to 1.0%, etc.

   The economic macro tendencies are like a big ship.. it tends to gather a momentum and it becomes hard to turn around. The shorter term wiggles give the clues for the longer term trends. The shorter term pieces are a collection of a lot of things like housing, car sales, retail sales, income, employment, inflation, inventories, fiscal policy implications, confidence, etc. There are leading indicators like the stock market whiich can help predict growth down the road. However, the shorter term does not always guarantee a trend. In this economy for instance, the market assumes a velocity of money picking up when talking about future inflation. What happens if velocity remains subdued and the multiplier from creating a dollar does not live up to the expectations?

   Anyway, I hope I was a bit helpful. If anyone else has a source they want to share, simply comment.

   Thanks,

   Greg

   This is your best bet for this type of macor information.
5. MikeG on June 30th, 2009 5:44 am
   

   Thanks so much Greg. That will be a great source of information. Ill take your advise for that.
6. Greg Michalowski on June 30th, 2009 7:30 am
   

   u r welcome. Good luck Mike.

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