Welcome to Forex Market .ae
Forex Market.ae keeps you up to date on the latest developments of the forex markets with forex news, technical analysis, economic outlooks, brokers, option brokers, and all the essential tools required by a serious foreign exchange trader.
A selection of the top trading platforms suitable for every experience level and the best promotions can also be found on Forex Market.ae
New to Forex? Let us guide you with our resources and tutorials in the forex academy section on your path to a successful trader.
What is Forex? The foreign exchange market, also known as the forex market, fx or currency market, is one of the largest markets in the world. Daily turnover exceeds 4 trillion USD and still growing. On the forex market one currency is traded against the other, 24 hours per day, between individuals with forex brokers, brokers with banks and banks with banks.
What are is an Option? It is a derivative instrument which permits the owner the right but not the obligation to exchange one currency to another at a pre-fixed rate on a specified time/date. Two types of options exist: call/put option and spot option.
Forex Market News and Global Economic Update
- Forex News
- Economy News
- Alerts
Following the aggressive rally to 1.0845[1] we have entered a messy downside correction that thus far has lasted 10 days. The first leg of this dip finished with the 3 wave decline to 1.0640 before ...
Talking Points
- Euro: Fitch Cuts Greece’s Credit Rating, Sees Default In ‘Near Term’
- British Pound: U.K. Posts Budget Surplus, Remains Capped By 200-Day SMA
- U.S. Dollar: Index To Consolidate, Fundaments ...
Gold and silver started off the week with very sharp gains. Yesterday's gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January.. Today, ...
Participants throng around exhibits at the 2011 Mobile World World congress in Barcelona.
Megaupload founder Kim Dotcom, right, attends court in Auckland, New Zealand, on January 25.
References
- ^Turner Broadcasting System, Inc. (www.turner.com)
• Hot off the press this week we have the Eurozone and Greece reaching an agreement on a second bail-out. Going forward this is obviously better news for the Eurozone as a union but what impact do ...
THE TAKEAWAY: The U.S. Existing Home Sales Accelerated in January > Housing Market has been Improving >AUD/USD Bullish.
Sales of previously-owned homes hit four-month high in January on ...
- US equities showing signs of reversal
- UK equities unable to extend gains further
- German equities stall ahead of key resistance; deeper setbacks ahead
- Japanese equities remain well bid for now but daily ...
THE TAKEAWAY: European PMIs weaker than expected -> Lagging growth slows manufacturing production -> EURUSD unmoved as market focus remains on macro developments
Purchasing manager’s index in ...
1055 GMT: Sources are saying that the Dutch FinMin is still not convinced Greece can implement the reforms demanded by European leaders. He is in favor of merging the ESM and EFSF funds to create a ...
Strategy: Short at 1.0619, Targeting 1.0523
AUDCAD followed a break lower from a rising channel carved out since early January with a push through support in the 1.0645-64 region marked by an ...
Featured Brokers
- Greece agreement out of the way but saga still ongoing
- UK Telegraph highlights some of the risks ahead
- Yen emerging as the major story amidst Eurozone mess
- USD/JPY breaks back above 80.00 for first time ...
- AUDUSD and NZDUSD Near Make or Break Pivot Levels 02.22.2012
- EUR/NOK Attempting to Base After Testing Key Psychological Support 02.22.2012
- S&P 500 Chart Setup Calls for Losses, Hinting US Dollar to Recover 02.22.2012
- Greek Deal Fails to Stoke Risk Appetite- AUD Heavy as USD Advances 02.21.2012
- Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips 02.21.2012
Daily Bars
Prepared by Jamie Saettele, CMT
The USDJPY has had quite a run so far in February. The break above the long term (off of 2008 and 2010 highs) trendline today should get others’ attention. ...
- Euro Support at 13100 and 13060 02.17.2012
- Australian Dollar Bullish Resolution Expected 02.17.2012
- Gold Awaits Resolution to Range 02.17.2012
- USDollar Reverses at Channel Resistance 02.17.2012
- New Zealand Dollar 20 Day Average Holds as Support 02.17.2012
Daily Bars
Prepared by Jamie Saettele, CMT
The decline from the 2/3 high and subsequent recovery may compose waves 1 and 2 of a larger bear leg. A bearish is valid against 1765.90 (daily key reversal ...
240 Minute Bars
Prepared by Jamie Saettele, CMT
Crude is tracking the triangle pattern. “The sideways pattern since November may take the form of a triangle. If so, then expect additional range ...
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com[1]
To contact Ilya, e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Follow Ilya on Twitter at @IlyaSpivak[2]
To be added to Ilya's e-mail distribution list, ...
- USDJPY: Looking to Enter Long on Pullback 02.17.2012
- EURUSD: Candle Setup Hints Upswing Ahead 02.17.2012
- GBPUSD: Bounce Seen as Selling Opportunity 02.17.2012
- USDCAD: Muted Range Trading Continues 02.17.2012
- NZDUSD: Doji Candle Marks Potential Top 02.17.2012
USDCAD – Trading crowds remain steadily net-long the US Dollar against the Canadian Dollar. Yet positioning remains roughly unchanged since last week, and it is difficult to claim that an imminent ...
- British Pound Likely Reversed vs JPY 02.16.2012
- Japanese Yen Likely Topped (USDJPY Bottomed) as Sentiment Flips 02.16.2012
- Yen may have Topped (USDJPY Bottomed) 02.16.2012
- British Pound Forecast Unclear | DailyFX 02.16.2012
- Euro Likely Topped as Sentiment Turned 02.16.2012
Eur/SekRemains weighed down for now but we continue to like the prospects for a bullish resumption over the coming days. Look for setbacks to be well supported above 8.75, while back above 8.93 will ...
THE TAKEAWAY: S&P 500 technical positioning calls for a bearish reversal below the 2011 yearly high, hinting the safe-haven US Dollar is set to recover amid risk aversion.
S&P 500 – Prices put ...
- Agreement on Greece finally reached; still waiting on draft
- Markets initially react positively to news but follow through is limited
- Outcome of PSI still very much in question
- Key resistance in EUR/USD ...
Daily Bars
Prepared by Jamie Saettele, CMT
The EURUSD has whipsawed traders in February, trading sideways, breaking higher, breaking lower, and reversing today. The impulsive move higher today is the ...
Daily Bars
Prepared by Jamie Saettele, CMT
Recent AUDUSD action probably composes a 4th wave correction within the 5 wave advance from the 12/15/11 low. The floor is strong as price is holding its ...
Daily Bars
Prepared by Jamie Saettele, CMT
The decline from the 2/3 high and subsequent recovery may compose waves 1 and 2 of a larger bear leg. A bearish is valid against 1765.90 (daily key reversal ...
DailyBars
Prepared by Jamie Saettele, CMT
Choppy action since 2/8 has cleared weak longs and the NZDUSD is free to move higher and test the 8/31/11 high at 8572. The 78.6% retracement of the decline ...
Daily Bars
Prepared by Jamie Saettele, CMT
The decline from the 2/3 high and subsequent recovery may compose waves 1 and 2 of a larger bear leg. A bearish is valid against 1765.90 (daily key reversal ...
Daily Bars
Prepared by Jamie Saettele, CMT
The decline from the 2/3 high and subsequent recovery may compose waves 1 and 2 of a larger bear leg. A bearish is valid against 1765.90 (daily key reversal ...
240 Minute Bars
Prepared by Jamie Saettele, CMT
Crude is tracking the triangle pattern. “The sideways pattern since November may take the form of a triangle. If so, then expect additional range ...
Strategy: Pending Short
EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines ...
Strategy: Pending Short
GBPUSD recovered following a test of support at 1.5662, the 38.2% Fibonacci retracement level, with the bulls once again aiming to challenge the 1.59 figure. A Bearish ...
Strategy: Flat
USDCAD continues to consolidate in a narrow range above 0.9198, with near-term resistance defined at 1.0053. Positioning does not offer an actionable entry signal and we will remain on ...
Strategy: Pending Short
NZDUSD has produced a Gravestone Doji candle, hinting a move lower may be ahead. Negative RSI divergence reinforces the case for a downside scenario. Confirmation on a daily ...
GBPJPY – Forex trading crowds are their least net-short GBPJPY since the pair last traded above ¥122, and an apparent shift in sentiment favors further topside. The current SSI ratio shows that there ...
USDJPY – Forex trading crowds are their least net-long the US Dollar against the Japanese Yen since the pair last traded to ¥78, and the tide has clearly turned in favor of further USDJPY strength. ...
GBPUSD – Forex crowds have sharply scaled back their GBPUSD short positions, warning that the British Pound may have set an important short-term top. The ratio of long to short positions in the ...
EURUSD – Retail forex trading crowds have bought aggressively into recent Euro/US Dollar declines, and there is distinct risk that the majority of traders will actually be long for the first time ...
Despite an early scare, I remain long the EURUSD against 1.3160 and target a breakout to fresh highs. Full write-up of the trade idea is in this week's forex strategy outlook report[1].
--- Written ...
- Jamie’s Pick: 02/22/12 | DailyFX 02.22.2012
The mixed bag of data in the overnight lends to the notion that global growth prospects are dimming. Manufacturing and service surveys from France, Germany, and the broader Euro-zone all disappointed ...
- Remaining long EURUSD | DailyFX 02.22.2012
This market has been very well bid over the past several sessions and while we could indeed be in the process of seeing a major structural shift, we also can not ignore the severely overbought ...
- Australian Dollar Cross Pick 02.21.2012 02.21.2012
The NZDUSD situation is similar to that of the AUDUSD in that sideways trade since 2/8 is viewed as corrective. Specifically, the pattern since 2/8 is probably either a triangle or flat. In the ...
Despite an early scare, I remain long the EURUSD against 1.3160 and target a breakout to fresh highs. Full write-up of the trade idea is in this week's forex strategy outlook report[1].
--- Written ...
As the AUD/NZD bounces back from a fresh monthly low of 1.2765, it looks as though we will see a short-term correction pan in the days ahead, but I will stay on the sidelines and will look for a ...
Why trade on the forex market?
The foreign exchange market or forex market is the biggest financial market in the globe. This market features a liquidity of an estimated 4 trillion dollar every day. It makes the foreign exchange market larger than the stock market and it is considered to have a close to perfect competition.
As it is a global market, it is open 24 hours per day. This flexibility makes the forex market very attractive to many investors. In addition it is very easy to enter this market as many online brokers offer trading platforms and accounts starting at 250 USD as well as demo accounts to experiment with virtual funds.
There is no central exchange or clearing house as the forex market is an over the counter market where brokers and investors deal directly with each other. There are numerous online brokers who offer different trading platforms, MT4 platform, ipad/iphone platforms and other mobile device platforms to enable investors to trade from anywhere and anytime. A selection of the best brokers can be found on forexmarket.ae in the broker section with a detailed description in order to help you choose the broker who best suits your requirements. If you are new to forex trading you can check the forex academy section of this website and most of the brokers featured on forexmarket.ae offer free forex training courses when you open an account.
There is no better market to trade than the forex market as traders can benefit from upward or downward movements of a currency by either holding a long or short position. In addition the great liquidity and low costs of entry make it the ideal choice for any investor attempting to profit from currency pair movements and acquire great profits in a short period of time, however it must be noted that due to the leveraged nature of forex trading you may lose funds very quickly also.
