SigmaForex - The keenly Protected Secrets of The Fx trading

A lot of forex traders trade the markets several times a day or at least several times each week, but long term forex trading can be equally as profitable, if not more so. You only require one highly profitable long term position to match the hundreds of smaller positions you may take.

Short term forex trading can be highly stressful if done over a long period of time, as you’ve probably discovered if you have any experience of forex trading. You need quick fingers to trade in and out of positions and you need to make decisions quickly regarding entries and exits. You also are often faced with requotes from your broker and will often come under close scrutiny if you place a lot of short term trades with them that only last a few minutes.

Overall it is quite a stressful occupation which is why long term forex trading generally makes a lot more sense. Even if you only trade the 1 hour or 4 hour charts, you will find a noticeable difference in the amount of time you have to make trading decisions, not to mention the reliability of the technical indicators you use.

If you really want to take it one step further you can trade the very long term charts such as the daily, weekly and monthly charts. This style of trading is ideally suited to people who want to trade forex but maybe have a full-time job so don’t have the time to sit in front of a computer and monitor their positions all day.

All you need to do is wait for the right set-up to occur, enter your position and watch it unfold. Each position can last days, weeks or even months, but at least you only have to look in at the end of each day to monitor your position, and if your trading call is correct you can potentially make several thousand points profit.

As an example take a look at the monthly chart of the EUR/USD currency pair. If you used a simple EMA crossover system such as the EMA (5) crossing the EMA (20), you could have entered a long position on the last crossover (in 2006) at around 1.2500 and at the time of writing would be over 3000 points in profit.

Take Bonus

Due to increasing demand on our enhanced live accounts, SigmaForex.com is extending its live accounts bonus program till 31 December 2008

Don not waste your chance!

And open your live account today!

SigmaForex.com is pleased to have you as a loyal client, and we would like to thank you for your continued support and interest in our trading programs.

As appreciation and gratitude we are offering you a chance to join our bonus program and have up to 5% bonus credit on your deposit.
All current and new clients are eligible to participate in this program. Qualifying clients earn up to 5% bonus credit on all new deposits received and credited to the account before the close of business day 31 December 2008.

The bonus credit to the account is effective when the new deposit is credited and is subject to the client opening at least 100 lots and closing the trades on or before the close of business day 31 December 2008.

If you have any questions, please feel free to contact our customers care department at

SigmaForex.com, in its sole discretion, will determine if a client's deposit and trading activity entitles it to retain the bonus credit.

Sigma Forex Learn`s How To Control Over The FX Market

Where economic theory will affect the Forex market on a long-term basis, the affect of changes in economic data is much more immediate. Oftentimes, the biggest companies in the exchange market are the various countries that participate in market activities and there currency is likened to shares in that country. It follows then that the country’s economic data is analogous to the earnings data of a company or business entity.

News and information regarding a country’s economy can have a direct impact on the direction that the country’s currency is heading in much the same way that current events and financial news affect stock prices, hence the importance of economic factors. The following eight economic factors will directly affect a currency’s movements in the Forex market.

Factor 1 - Employment Data
Non-farm payrolls is the name given to the data that pertains to the number of people who are employed within the US economy, and it is released the first Friday of every month by the Bureau of Labor Statistics. Strong decreases in employment indicate a contracting economy, while strong increases are perceived indicators of a prosperous economy.

Factor 2 - Interest Rates
This is always a major focus in the forex market. Since the central banks mandate monetary policy and supply, they are the prime focus of investors and the various market participants.

Factor 3 - Inflation
This is the measure of increases or decreases in pricing levels over a period of time. Due to the immense number of goods and services available in a country, usually a grouping of these goods and services are used to measure changes in the pricing. Increases in pricing indicate an increase in the inflation rate which in turn can devalue that country’s currency.

Factor 4 - Gross Domestic Product
This is the measurement for goods and services that were finished over a period of time. The GDP is broken down into 4 categories:

1. business spending
2. government spending
3. private consumption
4. total net exports
Factor 5 - Retail Sales

The measurement of sales recorded by retailers over a period of time is a reflection of either increased or decreased consumer spending, depending on whether sales are up or down for the comparative period a year ago. This indicator gives market participants an idea as to how strong or weak the economy is.

Factor 6 - Durable Goods
Goods that have a lifespan of three or more years are considered durable goods and they are measured in quantities that are ordered, shipped, or unfilled over a period of time. These are also an indicator of economic spending or the lack of it.

Factor 7 - Trade and Capital Flows
Currency values can be significantly impacted by monetary flows that result from certain interactions between countries. When imports exceed exports, there is a tendency for the currency value to decline. Increased investments in a country can lead to the opposite result.

Factor 8 - Macroeconomic and Geopolitical Events
Elections, financial crises, monetary policy changes, and wars can influence the biggest changes in the Forex market. These events can either change and/or lead to reshaping of a country’s economy.

Partnership Services

Sigma helps a various groups of partners around the world to enlarge their business and expand the full
potential of the Forex market.

Sigma’s services include:

• Introducing Brokers: Join our IB network and receive compensation for directing new clients to Sigma.
• Money Managers: Full service trading capabilities, plus dedicated account management, client fund
  administration and reporting.
• White Labels: White Label Program helps fitted firms set up an online presence in the Forex industry
  quickly and cost effectively.

A dedicated Partner Services team supports Sigma partners with a full range of account management services.
- Daily P&L, credits, commission allocation, etc.
- Account funding, transfers, allocations, etc.
- Customer on-boarding.

Read Forex Charts And Dominate The Market With SigamForex

SigmaForex Provide Traders With Premium Forex Trading Tools that are useful for Advanced, Professional And Beginner Traders. Technical analysts and Fundamental Analysts are working in developing these tools to meet our clients with highest levels of satisfaction.

SigmaForex Defines Charts As:
A chart or graph is a type of information graphic or graphic organizer that represents tabular numeric data and/or functions that it is a graph of the price movements of a given security over a given time period, sometimes along with volume data.

Forex charts are visual means to show the numerical data of the forex market. There are three main types of these charts namely line, bar and candlestick. All these provide useful information for forex trading. Learn the basics of these charts to interpret and use the information provided there.

One of the interesting and intriguing features of forex trading is forex charts. If you understand these forex charts, your life as a trader may become easy. These charts are great help in taking informed decisions in the money market.

These charts are easy to read. Day traders can easily understand them. Trader select a currency pair where he/she wants to invest, type of chart and time period for forex chart. Make sure about order of currency pair. Currency chart can be

Line chart

Bar chart

Candlestick chart

Line charts consists of straight lines. Each straight line connects two individual points. These points represent endpoints of timeframe. Line charts either show open or close prices. These forex charts can be modified to show high and low price.

Open price is price traded in the beginning of time frame or trade period. High price is the highest price traded during timeframe or trade period. Low price is the lowest price traded during timeframe or trade period. Close price is price traded in end of timeframe.

Bar charts are popular as they represent large amount of information and are easy to read as compared to line charts. Each bar chart has an opening foot, a vertical line and a closing foot.

Horizontal foot on the left side of the bar represents open price. Horizontal foot on the right hand side of the bar represents close price. Top of the vertical bar represents High price. Bottom of vertical bar represents low price. Price range is difference between high and low prices.

Direction of bar depends upon location of opening foot and closing foot. If closing foot lies above the opening foot, the bar is upward otherwise downward.

Candlestick charts consist of a wide vertical line and a narrow vertical line. They are popular because of following reasons

Easy to read

Plot lot of information

These charts also plot open, close, low and high prices, direction and price range. These charts can depict bullish, bearish and neutral periods of a currency pair in Forex Market.

In case of upward candlestick, bottom of the candle represents open price and top of candle represents close price. In case of downward candlestick, top of the candle represents open price and bottom of the candle represents close price.

Top of thin vertical bar represents high price. Bottom of thin vertical bar represents low price. Only colors of candles depict direction of currency trend.

Money market is a crazy place. Most of the time curves and bars in these charts are not as simple to interpret as they seems. To find out predictable trends you need through understanding of the basics of forex trading. Technological advances may help you in the interpretation of these forex trading. You can buy software of your choice to interpret these graphic details for you.

Sigma Trading School

The purpose of this overview is to introduce the forex market to you. As with many markets there are many derivative of the central market such as futures, options and forwards. In these tutorials we will be discussing the main market sometimes referred to as the Spot or Cash market.

The word "FOREX" is derived from the words Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $3.2 Trillion in turnover every day.
This tremendous turnover is more than the combined turnover of the main worlds' stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade.

Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals.
Trades are executed through phone and increasingly through the Internet.
It is only in the last few years that the smaller investor has been able to gain access to this market. Previously the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily within the reach of most investors.