trading forex options
October 18, 2010
Reacting to good news coming out of Singapore and a weakened US dollar, the euro gained 150 points against the dollar in three hours.
Currencies
October 14, 2010
Reacting to good news coming out of Singapore and a weakened US dollar, the euro gained 150 points against the dollar in three hours.
If you had earned on EUR gaining on USD by buying at 1.3966 and selling at 1.4078, you could have gained 112 points in three hours. With a trading volume of $50,000 (you can do this with just $500 in your account), you could have earned $560 during that brief period.
October 15, 2010
The euro slipped over 200 points against the dollar in six hours of trading after the release of positive US economic indicators, including the producer price index and commercial inventory numbers.
If you had earned on EUR losing against USD by selling at 1.4102 and buying at 1.3951, you could have gained 151 points in six hours. With a trading volume of $50,000 (remember, you only need $500 in your account to do this), you could have earned $755 in just three hours.
Summary
With just $500 in your account and only trading in one currency pair, you could have earned $1,315 in just nine hours over two days.
International Oil Market: Brent Crude Oil (BRN)
October 15, 2010
Following an address by Chairman of the US Federal Reserve Ben Bernanke, who failed to give the markets a clear indication of the course the Reserve will adopt in the coming future, traders decided to close long positions in almost all markets going into the weekend. In one example, Brent contracts lost almost 250 points in just over six hours.
If you had opened a position on this one Brent contract, selling at 84.23 and buying at 82.18, you could have gained 205 points in six hours.
With a trading volume of 500 (you can do this with just $2,000 in your account; in the ActTrader™ terminal the minimum lot for a Brent Crude Oil (BRN) contract is 100), you could have earned $1,025 in those six hours.
Summary
Trading in just one CFD* contract, you could have earned $1,025 in just one transaction over one day.
What news can you use to make transactions and earn this week?
Eurozone News:
Business climate index from the ZEW Institute - October 19, 2010 (Tuesday at 11.00 GMT).
Address by Jean-Claude Trichet (ECB) in Frankfurt - October 19, 2010 (Tuesday at 12.30 GMT).
Composite PMI - October 21, 10 (Thursday at 10.00 GMT).
U.S. News:
Net foreign purchases of U.S. equities - October 18, 2010 (Monday at 13.00 GMT).
Crude oil volume - October 20, 2010 (Wednesday at 14.30 GMT).
Federal Reserve Beige Book (current economic conditions by U.S. region) - October 20. 2010 (Wednesday at 18.GMT).
Philadelphia Federal Index - October 21, 2010 (Thursday at 12.00 GMT).