The internet has revolutionized the information age but nothing beats a hard cover book that you’ll be glued to, turning the pages.

You’d think there’d be plenty of books on Forex, Technical Indicators, Chart Patterns, and Technical Analysis for the Forex Market but truth be told there are just a handful, and finding a good book on Forex can be as rare as finding a V shaped recovery on the daily chart.  There there, but just not in abundance.

Here are some of my favorite books, feel free to contact me if you have some great suggestions:

• Technical analysis of the currency market : classic techniques for profiting from market swings and trader sentiment / Boris Schlossberg.
• The FX bootcamp guide to strategic and tactical Forex trading / Wayne McDonell.
• Day trading and swing trading the currency market : technical and fundamental strategies to profit from market moves / Kathy Lien.
• Left Brain Trading:  The right mindset and technique for success in Forex / Lewis Evans and Olga Sheean

And if you’re looking for some fiction that is trading related I recommend “The Marketmaker”.

Not exactly an optimistic outlook.  A decade ago many Europeans warned that there’ll be major employment issues if the young people are out of work.

It would be far more exciting to see men and women UNDER 50 re-entering the workforce.  The month before, April 2010 170K jobs were added.  So it’s no surprise that this double whammy of bad news has driven the Canadian Dollar lower.

Oil prices too aren’t helping, with the economy continuing to struggle world wide the demand for oil will continue to drop and so it’s price thereby effecting the CAD $ as it is driven by this commodity price also.

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Click Here to Watch
the Lang and O’Leary Exchange
on CBC Newsworld

Amanda Lang’s Profile:

Kevin O’Leary Interview:

Forex Tools for New Traders

Don’t delay… my last webinar will be Valentine’s Day, Sunday February 14th.

Webinar Registration

To register for an event, click the event time and you will be redirected to the Webex Registration Form and after signup you will receive a confirmation email from Webex.  If you do not, check your junk mail folder and register again if need be.

You will need: A computer with an internet connection and either speakers to listen on the web or a telephone to dial in with, long distance charges my apply.

http://www.forexdaytradingwebinar.com/ForexCharts.jpg

(Video: Watch this video on the post page)

Monday February 8th

6:00pm or 9:00pm

Tuesday February 9th

5:00pm or  8:00pm

Wednesday February 10th

1:00pm, 4:00pm, or 8:00pm

Thursday February 11th

1:00pm, 7:15pm, or 11:00pm

Friday February 12th

5:00am or 11:30am

Saturday February 13th

12:00pm

Sunday February 14th

(Valentine’s Day)

12:00pm

Forex Seminar Agenda

• The History of Forex
• The 5 Different Types of Traders
• Fundamental vs. Technical Analysis
• News Trading
• Trading Systems and Strategies
• Trading Plans
• Chart Analysis
• Taking a Trade
  …and so much more!

Here is what Forexyard has to say about it:

Be Prepared!  US Non-Farm Employment Change Tomorrow at 13:30 GMT

We at ForexYard encourage our customers to get involved in the most intense market events. As such, we think you should know that U.S. Non-Farm Employment Change figures are expected on Friday, February 5th, at 13:30 GMT, and you need to be prepared. Market events like this one tend to create either big changes to current trends or push current trends even further.  For more information about the U.S. Non-Farm Employment Change report, please read below.

What is Non-Farm Employment Change?

The U.S. Non-Farm Employment Change, also known as “Non-Farm Payrolls” (NFP) and the “Employment Report,” is a monthly economic indicator used to measure the change in the number of employed people in the United States, excluding the farming industry.

Each month the Current Employment Statistics Program (CESP) surveys about 150,000 businesses, representing approximately 390,000 worksites, in order to provide detailed industry data on employment, work-hours, and earnings of workers on non-farm payrolls for all 50 U.S. states. The survey is then published on the first Friday of each month.

The NFP is an important leading indicator that also affects consumer spending, which accounts for a majority of overall economic activity. Traders value the indicator with the highest importance as its early monthly release can set the tone for the rest of the month’s market movement.

How this Report Can Help the USD

Expectations for this month reveal that the Non-Farm Employment Change figures are forecasted to rise 10K from last month’s reading of -85K. Such a result, should it take place, will be the first time this figure has been positive since January 2008. The continuation of the economic recovery, which is being fought for vehemently by the U.S. government, has created some return of optimism in the market, which is driving traders to invest in the American economy once more. Considering that this survey has delivered negative figures for years now, a sudden rise could signal a reversal to any bearishness in the USD. This would mean the USD could be facing a very fortunate weekend, causing the EUR/USD cross to drop towards the 1.3650 level.

How this Report Can Hurt the USD

If the actual figure is lower than forecasted, a reading near -60K for example, traders are likely to see USD bearishness. Currently, investors are setting their positions on the USD based on the assumption that by the end of the week the USD could face a continuation to its bullish momentum. However, in case the survey delivers worse figures than expected, investors might be compelled to reevaluate their strategies and go short on the USD. In this turn of events, the USD may receive a small beating in the market, and the EUR/USD could rise back towards the 1.4000 price level.

The global peak of uranium production lies somewhere around2025-2050. The global peak of natural gas production lies somewhere around 2025! You must be thinking what to do every available source of energy seems to be peaking in the near future?

But there are many safe and environmentally friendly methods to generate the energy required. Uptill now these methods had been ignored maybe because they were a bit expensive. They were expensive in the sense that these methods factor in the external costs that were previously being ignored. Do you know this fact that the US Department of Energy has estimated that there is enough available offshore wind energy of the coasts of US that can nearly cover the current US electricity capacity? So what will fill this void in energy production in the coming decades?

With introduction of energy saving technology in the fluorescent lamps and bulbs, a lot of energy can be saved. If every bulb in the US was replaced with an energy efficient fluorescent lamp, enough energy could be saved to shut down around 100 power plants. If all the care in US were hybrids by 2025 that would roughly reduce 80% of the US oil import.

Enough power could be generated for the entire US by covering only 9% of Nevada desert with parabolic trough systems. This is something like a plot of land 100 by 100 miles. So the solution is already there and as the end of fossil fuel nears which is only a decade away, more and more alternative energy solutions will be used to generate cheap energy.

This is something that is bound to happen. The supplies of fossil fuel are finite and will be exhausted in the near future. You might have seen only a glimpse of that last year in 2008 when crude oil prices jumped to around $150 per barrel.

There is little doubt that companies operating in the green energy sector will ultimately become the major players in the overall energy generation and transportation mix of tomorrow. This prediction is based on our insatiable energy consumption and the lack of conventional supplies to meet the growing energy demand. This is most probably the safest long term bet that you can make in the long term.

Imagine Henry Ford in 1909 asking you to invest in his Ford Motor Company that is about to mass produce a horseless carriage. Keeping in view the above facts, investing in green energy stocks in the best long term investment that you can make!

He tells you that this invention could change the entire landscape of the country. Knowing everything that you know right now with the power of hind sight with you, you will definitely say yes. But many folks in that year of 1909 were skeptical about Model T success. This is now 2009, exactly a century has passed. Do you think investing in green energy stocks is a bad idea?

Mr. Ahmad Hassam is a Harvard University Graduate. Try these cash printing Forex Signals from heaven. Discover a revolutionary Forex Robot System! Grab a totally unique version of this article from the Uber Article Directory

When is the best time to trade?

Just because you can trade 24  x 5 doesn’t mean you should be glued to your computer 5 days a week around the clock.   However there are some key times you’ll want to check in on the Forex Market.

• The US Session starts at 1pm GMT (8am Eastern) and overlaps with the closing of the London Session.
• The Asian Session starts at 1am GMT (8pm Eastern)
• The London Session starts at 8am GMT (3am Eastern) and overlaps with the closing of the Asian Session
• When sessions overlap – Such as the US and European Sessions, see above
• Around News Times - Some stay away from news times, others trade them religiously.  Be sure to check the economic calendar.  Typically news is released towards the beginning of the session.
• Whenever you’ve been profitable in the past – Quite simply put, if you find that your trading history reveals that there are times you’re very profitable and make many pips, keep doing whatever you’re doing.

Please note that the Market Hours may vary in Summer/Winter times, ie. Daylight Savings.