The Positive Results Of Non Farm PayRoll
I wasn’t really following the chart last, the week of the Non farm payroll of Dec 2009. Most of the currency pairs had a big reversal candle i.e a pin bar, in the previous week. The biggest was in GBP-JPY. So before the announcement of the non-farm payroll values, the currencies were either bullish or bearish, depending on the pin bar that formed. For the GBPJPY, it was already bullish that week.
The NFP (non-farm payroll) showed the the unemployment rate decreased in America. It went from 10.2% to 10%. This is dollar bullish. Since the values of the NFP were positive, GBPJPY went higher. The market never lies. I believe it already had a hint that the NFP would be bullish, that was why it showed a daily pin bar in the previous week.
For now, GBPJPY has almost given back what it gained. It is down. this is a chart of it now.
Online Stock Trading: How to Buy Stocks
The stock market and the currency market is almost the same. They are both ways to invest and trade money. But they have different rules. The stock market is opens at 9.30 am and closes at 4.00 pm, and it is regulated. The foreign currency market is unregulated (there have been rumors that countries want to get it regulated) and it opens with the opening of Sydney stock market and closes when Wall streets closes. But the major difference is the leverage capability. In the stock market, you the leverage is 1:1 meaning that $1 move of a stock gives or take $1 out of you trading account. In forex, you can leverage 1:200. This means that for $1, you can make $200 for every pip change. That is a lot of leverage. If you are doing that, you should hope that the currency is going in your favor. The currency market is also know as stock market on steroids.
Since the foreign currency market and the stock market all involves trading, so if you know how to trade one, you can trade the other. You just have to read a little more about the other one rules. I first dabbled with stocks. If someone wants to learn how to buy stocks, I would tell the person to try to learn or read as much as possible. There are many resources of information for someone that is looking for how to buy stocks for beginners.