Forex Go!

Due to strong demand, Robert Prechter’s Elliott Wave International has extended the time you can get your FREE Best of Trader’s Classroom eBook until November 11!

This 45-page eBook by EWI Senior Analyst Jeffrey Kennedy, offers you 14 critical lessons every trader should know, including:

• Why Emotional Discipline is Key to Success
• When to Place a Trade
• How to Use Bar Patterns To Spot Trade Setups
• How To Calculate Fibonacci Projections
• The Best Place for High-Opportunity Trade Setups

You’ll find several more fascinating lessons — 14 in all — when you download your free report.

US Senate Republicans block Obama’s infrastructure construction plan

The US Senate blocked President Obama’s proposal to boost construction on roads, bridges and other infrastructure as Democrats and Republicans escalated their fight over President Barack Obama’s US$447-B jobs plan.

The Senate voted 51-49, short of the 60 needed to begin debate, on a Democratic measure to provide US$60-B for construction work and an “infrastructure bank” to leverage capital for more projects. It would have been financed by a 0.7 percent tax surcharge on Millionaires.

“One hundred percent of Senate Republicans said no” to the proposal, Mr. Obama said in a statement. Americans deserve to know why Republicans “refuse to put some of the workers hit hardest by the economic downturn back on the job rebuilding America,” he said.

The bill needed 60 votes to proceed to debate in a chamber where Democrats have 53 votes to 47 for the Republicans. The fight over jo

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The Great Britain pound gained this week against the dollar and the yen as the optimism caused by the revelation of the plans to battle the sovereign-debt crisis in Europe damped demand for safer assets. That same optimism allowed the euro to outperform the pound.

The weak started with the doubts about ability of the European leaders to make decisive actions in dealing with the crisis. The resulting risk aversion sentiment eroded the strength of the sterling against the greenback and the yen, but made it stronger against the euro. Yet the summit on October 26 unexpectedly provided a tangible result as the members of the European Union reached consensus on some measures for rescuing the region from its woes.

The reaction of the Forex market was slow and wasn’t felt on the day of the summit, but on the next day the sterling climbed against safe currencies, but the euro surged even more. On the next day the euro retreated a little, while the 

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Your credit score is a vital number that determines how businesses and financial institutions treat you. Everything we do financially has an effect on our score, for good or bad. What surprises many people is how seemingly minor or harmless activities can have a big, negative impact. Described here are how a few can drop your score.

Firstly, the one action that people underestimate the impact of is asking around. Asking for a loan rate gets reported; too many of these will hurt your score. The thing that masks this is the fact that it is so very easy to get quotes online. A simple little form will spit out a rate for you. It is so easy to sit and compare a number of companies. What actually happens is that the program behind the many websites will use your information to make a request for your credit rating. This request tells the credit bureaus that you are looking around. Many inquiries can signal to the bureaus that you might be trying to over extend your self, or you are trying to cover a down fall, or some other negative situation.

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Every person has a duty to think about his future. Future is always uncertain, and one should think and stay prepared for the future happenings. If everything is remaining hunky-dory then it is fine; but one should think, if anything wrong happens, then what to do. Though, there are some incidents for which a person can’t take any kind of guard; however, one can stay prepared for any incident, at least financially. One should go for a retirement planning. No matter how strong you are going now, but you have to retire one day and will remain no longer eligible for earning. Only a retirement plan could help you during those income-less days. Roth IRA could be the perfect option to plan for your retirement. You could know every detail about IRA at roth-ira.org.

Roth IRA is the most popular retirement plan of the whole USA. T Read more…

At the November FOMC meeting, the Fed will likely leave the policy rate unchanged at 1% and will not announce additional easing measures as recent economic data improved. Yet, the focus lies on policymakers’ discussion about ways of increasing transparency and tools to boost growth when needed. At the post-meeting press conference, Chairman Ben Bernanke will assure the market that the stimulus currently in place is sufficient and the Fed will promptly implement further easing measures should the recovery disappoint.

In the September minutes, the Fed unveiled that ‘most participants indicated that they favored taking steps to increase further the transparency of monetary policy, including providing more information about the Committee’s longer-run policy objectives and about the factors that influence the Committee’s policy decisions’. Indeed, the debates among Fed members regarding the issue have heated up in recent weeks. Minneapolis Fed President Narayana Kocherlakota criticized it lacks clarity in the central bank’s mission and this should be improved through ‘explicit communication’.

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“It took me several years to become consistently profitable. I had the great misfortune of making a lot of money quickly and thinking that I knew what I was doing. I did not. I lost all the money I had made and a lot more before I realized I had no clue.” – Tom Alexander

Hello:

If you want to play the markets triumphantly, you need to determine the direction of the trade based on the overall trend. Then you need to determine the best location for the entry and the stop. You must not make a trade that does not meet your exact entry criteria: you require rock-solid discipline to achieve this. You ought to compute the exact amount of risk; the position sizing, safety measures and the target. Trades should not be taken without seriously considering safety measures. Make

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Have you ever wondered, at least recently, if the markets are just playing games with investors? It’s like a game of good cop, bad cop On one day, the markets will be all about the euro (EUR), and the prospects for a solution to the Eurozone debt problems, and without any notice, turn on the euro, for a different reason. I’ve always said that traders were fickle, but this is taking it to the extreme, and beginning to cause me to have a rash!

For instance, yesterday morning, the markets were full of euphoria regarding the size and shape of the European Financial Stability Fund (EFSF), and rewarded the euro by pushing it above 1.38 Then a couple of hours later, the euro began to slide, and now it was because traders and participants became nervous about the European leaders bickering over a plan to contain the Eurozone’s debt crisis

You don’t know whether to hug the euro, or kick it in the rear! But I c

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Last week I told you about an expert advisor that you can download for free called Forex Catapult (heres the link once again). This was based on Casey Stubbs own trading system and although only available for one pair (the full version can be used on all pairs), it is still able to generate profits.

Anyway this week Casey is running a webinar that will talk about this automated expert advisor in more detail. He will discuss:

He will also answer any questions you may have, so if you are interested in registering for one of these webinars (there are several dates and times available between now and Friday), you can do so by clicking here.

It has been a great week in the financial markets with U.S. stocks rising to a one month high after falling to a one year low in early October.  As a function of the improvement in risk appetite, investors have moved their money out of the safety of U.S. dollars and recycled them back into higher yielding currencies. Over the past week, the greenback declined against every major currency, falling more than 5 percent against the Australian dollar and approximately 4 percent against the euro, Swiss Franc and New Zealand dollar. < Read more…