Do you think the USD will sink or correct itself and bounce back today as the market normally does after a big loss.

Today is going to be interesting to see how the dollar does as it will be the crystal ball for tomorrows open on the market.
Interesint, Brutal.

I was reading about how the US may scrap the USD and leave all the other countries holding the bag and start a new currency.
A North American dollar involving Mex-Can-US.
Carb, the USD/EUR is at a important resistance around 1.58(currently trades at 1.5778/81 and if breaks through it will pop to the next which is 1.5978. Above that is uncharted territory and fear it is goes up again, above 1.60 that is lights out for the American economy as the price of fuel will be too high to sustain a profit in the trucking industry.

Answer
hi...
First of all sorry for the late reply......

Dollar is about to make a new peak!!!

This is due to the statement issued by the Chairman of the Federal Reserve, Ben Bernanke, revealing a policy of intervention in the dollar's condition, continues to impact all markets. The dollar reached its highest point in three months against the yen, as a way to battle inflation.

Increased U.S interest rates seem to boost the dollar that reached record-lows against the euro and the other currencies. The dollar rose against the euro, which dropped more than 0.4% to $1.5558, thus losing its $1.5844 peak of six weeks. The dollar also rose against the yen at 106.69 JPY, thus tumbling the three-month peak of 106.83 JPY.

surely we would see some more bullish dollar in next 2 days.

Forex Market Times?

Does anyone know the times for the different markets for Forex?

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Yahoo has a widget that tell you all the market hours for the different forex markets. It's created by Oanda. You can access it here => http://widgets.yahoo.com/widgets/fxmarkethours

I am dealing here with the forex market. Also I would like to have an idea as to when the 'big boys' are making their moves using the 4 hour charts.

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i have a nice blog about forex - http://forex-news-help.blogspot.com/
try searching it, maybe you will find what you are looking for + much more

What is the cheapest forex broker out there?

I would like to know about forex brokers that offer low balance accounts. Do you have any recommendations? What about forex research? What are all the important events or meetings that affect the forex market?

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trading is like a university education, it requires on the order of 10 to 20 years to become proficient and you have to be ready to accept it as a full time career. With that said, the broker that I use is oanda. I use this broker mainly because it allows smaller lot sizes which allows me to be very flexible with my exposure.

My recommendation- do not trade with less than 50k account. Do not trade live until you have risk capital (money that you will not need or regret losing) or minimum few years on paper accounts.

Forex research is a huge topic. Do not fall for technical analysis, it works in some situations, but the best bet would be to read the prices correctly via price patterns and timing. Do not trade during non farm payrolls or during tokyo and NY lunch hour. Trade during the overlap of US UK sessions for best liquidity. Watch for inflation levels, what central bankers say (and if what they are saying is just a warning or if they are serious about it).

For example you would want to monitor the japanese central bank decisions right now because their currency is strong enough to make their bank sell it to lower the price to keep exports competitive.

For CAD, watch for gold prices (oil is their major export). ect.

FINALLY: the only way to make money in forex safely is with law of large numbers in terms of capitalization. You have to have an account upwards of 50 mil, so this is not a get rich quick thing. The real money lies in market making and dealing.

I know about the stock market and the foreign exchange currency market (forex) which is open 24 hours a day on weekdays.And then there is the bond market, and options, futures, forwards markets. What other types markets are there that you can trade in. Particularly low volume and low government control

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All market will close in the weekend. One exception is gambling where you can also 'trade' your luck.

Is it really possible to make money trading on the FOREX market?

It seems too easy. You spend a few hours a week watching trends, buy, sell, and rake in huge money. It seems too good to be true. How many people are actually successful and how much time do they put in doing it?

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Oh yes, it is of course possible to make nice profits from Forex if you know what you are doing.
$4 trillion a day worth of currency changes hand daily. So, there must be profits in this business.

I don't think few hours a week is enough. You need to read financial reports and track all the news coming about economy to do the trading.
For example, a couple of months ago, when the EURO was going down, almost every major currency (Except the USD, and the YEN which moves in the Opposite direction) was going down especially the Aussie and GBP.
But these days, this is not happending any more. The Euro is still at 1-year record low, while the Aussie and GBP are getting some push from their local economy.
There are a lot of reports that you need to read.

Better to start with books and follow some currency blogs.
Don't get cheated by some ADs that claim they can make huge money. If you do that, you will lose all of your money in a blink. Try to find some certified online Forex firms that charge you less money for the trades.