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I have been using USD index and Eur/Gbp (or Gbp/Chf) as my guide dogs since late 70?s with reasonable accuracy for medium-term trend. Never lost money on medium-term bet relying on those guide dogs in fact. But that cross does not work when Pound is deliberately devalued.
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In Forex day trading, you can select your feasible time to trade, as it is round the clock (24-hour) market. The superior liquidity of forex, combined with a true 24-hour forex market that's traded 5 � days a week, offers you exceptional independence and Forex currency trading when you want to, not when the market wants you to. The Forex market literally follows the sun around the world moving from major banking and financial centers of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the United States.
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DCIO issued an additional advisory in 2007 concerning foreign currency trading by retail customers (PDF). The DCIO Advisory addresses the following issues: (1) registration requirements for associated persons of firms registered as introducing brokers (IBs), commodity trading advisors, and commodity pool operators that are involved in forex transactions; (2) the permissibility of certain unregistered affiliates of a futures commission merchant (FCM) to act as proper counterparties in forex transactions; (3) claims that forex customer funds are segregated; (4) introducing entities acting as FCMs; (5) the applicability of the IB guarantee agreement to forex transactions and prohibiting guaranteed IBs from introducing forex transactions to an FCM that is not its guarantor FCM; (6) prohibiting forex account statements of an FCM�s unregistered affiliate from being included in the FCM�s account statements to its customers; and (7) prohibiting retail customers from acting as counterparties to each other in forex transactions.
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Forex trading has taken the world by storm. Millions of people attempt to make their fortune on the Forex market. Unfortunately most of them will loose their money because they did not have proper forex education . Without proper education Forex trading is an expensive gamble. There are various training courses available on the internet but most of them are very expensive.
Forex Day Trading News From Around The WorldNikkei extends gainsFri, 18 Apr 2008 13:43:36 EDT

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