Monday 23 March 2015
EURCAD trend & momentum 23-Mar-2015
EURCAD has jumped up ealier market, while the trend and momentum indicates it will be downward trend later.
Thursday 19 March 2015
NZDUSD, NZDJPY trend & momentum 19-Mar-2015
Cross NZD FX, NZDUSD and NZDJPY, has soared further than early this week.TThe trend and momentum now indicates those FX still have room to go up, however the upward trend for last one week is expected to reverse into downward trend from the beginning of next week.
Wednesday 11 March 2015
NZDJPY Trend & momentum 11-Mar-2015
NZDJPY has fallen for last one week, turned into downward trend. NZDJPY currently stays around 87.40 lower than indicated last week on this Forex Flyer.The trend and momentum as of today indicates NZDJPY could be reversed to upward trend against the downward trend for a last week. Reserve Bank of New Zealand (RBNZ) governor, Mr. Wheeler will have a speech on the earliest this Thursday UTC, and FX market could be fluctuated according to the speech.
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Saturday 7 March 2015
8 things to become a nomad trader
It is not about trend & momentum signal nor economy as usually posted on this blog. This is about How to become a nomad trader and What you need for it before becoming a nomad trader.
1. Online trading account
It is obvious.
2. Trading devices
Actually, it depends on your trading style.
If you would like to look at the market in numbers or charts, you just need a Smartphone or Tablet. Those devices allows to download various apps for your trading.
If you would like automatic trading platform such as MT4, high-spec laptop PC whose processor is Intel Core i3/5/7 or equivalent will be suitable. Once your strategy is settled in MT4, you just leave your laptop at hotel room and enjoy.
3. Trading strategy
It sounds not only for nomad traders but also for all other traders. However, as sustainability of trading profit is more important for nomad traders, the strategy has to be enough enhanced before starting long nomad journey.
4. Debit card / Credit card
You pay cost of living more or less wherever you are trading. VISA, Mastercard or American express are available almost everywhere in the world. You can pay by the card for cost of living , and You can even withdraw local currency using your card at the ATM.
Ultimately say, bank account is not always necessary because sometimes your broker offers debit card linked with your trading account. As long as you keep money in your trading account, you can pay any cost directly from the trading account.
5. Money for living next 1 - 2 years
Although nomad traders make money from their trading, the market can be volatile under uncertainty and they could make losses from the trading. Money for living will be safety net keeping your nomad life standard when unexpected losses are realized.
6. Your ID
If you spend your nomad life in your country, it is enough to have your driving licence as your ID. If you plan to do outside of your country, you usually need your passport as ID.
7. Valid visa / permission to stay (Only outside of your country)
Your nomad life could be beyond the boarder out of your country, and it must lead to more exciting life as long as you trade well. However, even if you keep making money from the trading, you also have to satisfy immigrant law wherever you stay otherwise you are suspended to trade and could be jailed in worse case.
8. Your family and friends in your heart
Once you became a nomad trader, you will understand how this is important.
Obviously, you need a lot of things other than the listed 8 things in your nomad life, but you will have most of them easily.
1. Online trading account
It is obvious.
2. Trading devices
Actually, it depends on your trading style.
If you would like to look at the market in numbers or charts, you just need a Smartphone or Tablet. Those devices allows to download various apps for your trading.
If you would like automatic trading platform such as MT4, high-spec laptop PC whose processor is Intel Core i3/5/7 or equivalent will be suitable. Once your strategy is settled in MT4, you just leave your laptop at hotel room and enjoy.
3. Trading strategy
It sounds not only for nomad traders but also for all other traders. However, as sustainability of trading profit is more important for nomad traders, the strategy has to be enough enhanced before starting long nomad journey.
4. Debit card / Credit card
You pay cost of living more or less wherever you are trading. VISA, Mastercard or American express are available almost everywhere in the world. You can pay by the card for cost of living , and You can even withdraw local currency using your card at the ATM.Ultimately say, bank account is not always necessary because sometimes your broker offers debit card linked with your trading account. As long as you keep money in your trading account, you can pay any cost directly from the trading account.
5. Money for living next 1 - 2 years
Although nomad traders make money from their trading, the market can be volatile under uncertainty and they could make losses from the trading. Money for living will be safety net keeping your nomad life standard when unexpected losses are realized.
6. Your ID
If you spend your nomad life in your country, it is enough to have your driving licence as your ID. If you plan to do outside of your country, you usually need your passport as ID.
7. Valid visa / permission to stay (Only outside of your country)
Your nomad life could be beyond the boarder out of your country, and it must lead to more exciting life as long as you trade well. However, even if you keep making money from the trading, you also have to satisfy immigrant law wherever you stay otherwise you are suspended to trade and could be jailed in worse case.
8. Your family and friends in your heart
Once you became a nomad trader, you will understand how this is important.
Obviously, you need a lot of things other than the listed 8 things in your nomad life, but you will have most of them easily.
Wednesday 4 March 2015
NZDJPY trend & Momentum 4-Mar-2015
NZDJPY stays around 90.70 now, which has constantly gone up since beginning of Feb, one month ago. Looking at NZDJPY for last half month, it has hiked globally while it has been around 88.80 - 89.50 earlier in that time, and it has jumped at around 90.00 - 90.50.
The trend and momentum, which looks better fitting as of today, indicates it could be reversed to around 89.50 in a coming week. In long term, both of NZD and JPY are expected weak against other major currencies such as USD or GBP, due to their expected monetary policy in a coming year.
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