Market events from 23-Nov-2015

The market events which are likely to affect to FX market. Find out more at QROSS X.

18:00 23-Nov, GMT, US 2 year Note Auction;
    Key currency >> USD

00:05 24-Nov, GMT, Australia RBA Governor Glenn Stevens speech;
    Key currency >> AUD

09:00 24-Nov, GMT, UK Inflation Report Hearings;
    Key currency >> GBP

15:30, 24-Nov, GMT, Canada Bank of Canada Review;
    Key currency >> CAD


To check Forex trading signals, download Forex Signal by QROSS X.

2 most important things for Forex & CFD traders 8-Sep-2015

I introduced 8 things to become a nomad trader on this blog, and today I would like to mention "2 things most important things for Forex & CFD traders" which more focus on trading itself for the successful trading, while the last topics, 8 things to ..., hinted about traders' life style.

The most important things for traders are merely two things below, but I understand most of beginners are trapped in trading without those disciplines.

Your own strategy
Beginners tend to trade by their judgement from subjective view. It sometimes may work, or always work if you were the trading god. However, in other words, there are no rules, patterns nor empirical justification.
Before you trade with your money, you should have certain strategy which characterize your trading rule.
Trading by technical analysis, you will look at technical indicators on the chart, and you will long or short when the technical indicator reached at specific figure.
Trading by fundamentals analysis, you will look at economic indicators such as policy rates, GDP growth, unemployment rate, .... The market is driven by those economic indicators when the indicators are updated.
Lastly, the simplest rule is to decide how much to take profit and how much to allow loss. Particularly, traders tend to fail without stop loss.

Never break your strategy but improve the strategy
Even if you set up your strategy, you are still a human and sometimes can be emotional. When your position indicates unrealized profit, you may want to take the profit despite the signal indicating the profit being bigger. When your position indicates unrealized loss, you may believe the loss eventually become profit despite the signal indicating the loss being bigger.
Ultimately, no one knows future. But in trading, your own strategy is a only thing to predict future. If you think your strategy is insufficient, you should have further analysis and improve the strategy instead of emotional trading.


We are providing our own technical indicators which are called FX trend & momentum. Download App "Forex Signal by QROSS X" at Google Play.

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.

Cross Currency Swap 18-Jan-2015

Cross Currency Swap (CCS, X Ccy Swap) is a financial instrument. It must be familiar with interest rate traders, and some of you learned in financial engineering course at the university.


This kind of swap is dealt for risk hedging purpose when banks issue their structured bond. One of the typical cases is that an European bank want be funded by Asian investors. Asian investors may invest in their local currency while the European bank want EUR or own currency. In this case, the European bank offers products in Asian local currency and hedges in cross currency swap, EUR vs JPY for example. The swap counter party could be investment banks or market brokers.

Cross currency swap provide some sense of currency exchange. Reminding CHF jump last week, traders who had USD/CHF cross currency swap must have had their Marked to Market jumped. The figure describes an example of cross currency swap in USD vs CHF. In this figure, Entity B pays CHF to Entity A up to the maturity against USD.

Size of the deal by investment banks is huge as their customers include the biggest companies in the world, and if some of them tend to have the positions like Entity B, their Marked to Market is disastrously degraded. Some of loss have not been realized yet, the positions still being held. The impact may be gradually appeared in coming months, probably capital requirement for the banks could be burden as some of them cover their losses.

Trend & Momentum goodness of fitting

QROSS X Trend & momentum is updated on every weekday, and its behavior is changing time to time. Goodness of fitting depends on historical FX being analyzed. Here are two samples of trend & momentum analysis, better fitted and less fitted.

(Better fitted)

(Less fitted)

You can download this apps on Google play.

[Android apps] Forex Signal by QROSS X

Forex Signal apps is available on Google Play.

Simple & Easy staff, but this is an instruction for the first-time users.

1) Open the apps, and click "All the indexes".

2) Click FX of which you would like to see the indicator.

3) Then, you see details of the indicator.

Oh by the way, "Universal Time Chart" is literary described in Universal time (UTC).