Nicholas Tan Forex Trading Course: Advance Practical Forex Course

Nicholas — Wed, 16 May 2012 12:17:09 +0000

Course Objective

1. Find earlier turning point with price action and price patterns

2. Find better turning point with strategies overlay

3. Add trading strategies with Turtle Soup, Dual BB with Stochastic and 3CR Hook

4. Hone trading with Practice on live real time online trading demo.

Course content

1. 4 Characteristics of price movement

2. Micro price patterns. Flag, M and W

3. Additional Trading Strategies, turtle soup, Dual BB with Stochastic and 3CR Hook.

4. Combining strategies for better entry and exit.

Date 4 June 2012 and 5 June 2012 Classroom Lessons

12 June 2012 and 19 June 2012 Online Practical Trading

Time 7-10pm

Cost $1000

Nicholas Tan Forex Trading Workshop Seminar: Fibonacci and Bollinger Band

Nicholas — Sun, 13 May 2012 10:33:47 +0000

In this course, participants will learn to incorporate Fibonacci Retracement and expansion with Bollinger Band into their repertoires of trading strategies and techniques. Besides learning the usage of Fibonacci and Bollinger Band, participants will learn how to incorporate both techniques to get a better trading signal.

The course consists of 3 parts. Part 1 is on the Fibonacci indicator, which has 2 standalone trading systems on its own by using the retracement and expansion. Part 2 is on the Bollinger Band, its usage, strength and its limitations. A dual Bollinger Band trading strategy is also included in this part of the course. Part 3 of the course is on combining these 2 indicators into your trading plan and strategy. The Bollinger Band pullback strategy will also be taught to participants.

Details of the course

Part 1 Fibonacci Indicator

Fibonacci Retracement and Expansion Usage
1. The Fibonacci Trading System
2. The Fibo ABC Trading System.

Part 2 Bollinger Band

Usage, Strength and limitations
Hints from Bollinger Band
The Dual BB Trading Strategy

Part 3 Combining Fibo and Bollinger Band

The Bollinger Band Pullback Trading System

Date: 30 May, 2012 from 7pm to 10pm.

Venue: SMU (room to be advised)

Course Fee: $300

Recruitment starts on 15 May 2012

Closing Date 29 May 2012

Enquiry: Nicholas@mytradeforex.com

Note: Participants should have a basic knowledge of Forex fundamentals. This is a technical indicator workshop and participants with at least a basic knowledge of charting would benefit greatly from this course.

Nicholas Tan Free Forex Workshop

Nicholas — Sat, 12 May 2012 14:34:33 +0000

Free Introduction to Forex Workshop (25 May 2012)

I will be conducting a free Introduction to Forex Workshop on 25 May 2012 at SMU.

In this free workshop, you will learn the following

. How to trade forex.

. The myths of forex trading

. How to choose a broker to trade forex and opening a Demo account.

. A simple trading strategy that you can use

. What it takes to become a successful forex trader

To register for the workshop, email your name to nicholas@mytradeforex.com

Limited to 50pax.

Entry by confirmed email. Those without email confirmation will only be allowed in if there are available vancanies. Book your seat early.

Events This Week

Nicholas — Mon, 23 Apr 2012 09:48:54 +0000

The political landscape in Europe will be in focus following weekend events in France and the Netherlands. The first round of the French presidential elections held Sunday confirmed that the two front-runners, President Nicolas Sarkozy and opposition candidate Francois Hollande will go on to the second round. The preliminary results showed Hollande ahead with 28.8% of the votes, compared with Sarkozy’s 26.1%. If elected, Hollande will call for the renegotiation of the European treaty on fiscal discipline.

And in the Netherlands, early elections look likely, following the collapse of budget talks.

Meanwhile, traders note a degree of caution ahead of meetings by the Bank of Japan and the Federal Open Market committee late in the week, both of which could announce new easing measures.

Facebook Page is Up

Nicholas — Sun, 18 Mar 2012 16:23:32 +0000

Finally I have signed up with Facebook. See you at Facebook

Practical Forex Course By Nicholas Tan July Intake

Nicholas — Sat, 17 Mar 2012 14:53:16 +0000

The next forex course will be held in July 2012

Venue will be at SMU.

Details will be available in June.

Your Investment $1000

Can Greece Stays in Euro Zone?

Nicholas — Fri, 17 Feb 2012 13:09:04 +0000

(Dow Jones)–The head of a prominent German economics institute said it is in the interests of the Greeks themselves to leave the euro zone, because only then can the country regain competitiveness and prosperity.

Hans-Werner Sinn, the head of the Ifo Institute, also said the EUR130 billion proposed second bailout package for Greece would be better used to help the embattled country recapitalize its banking system, while re-introducing its former currency, the drachma.

“There is no way that Greece can become competitive in the euro zone,” he told Dow Jones Newswires and the Wall Street Journal Deutschland in an interview Thursday. “It would need to cut its prices by 31% to get them to the level of Turkey, and that would bring the country to the brink of a civil war.”

To attempt to engage in such deflationary policies on a grand scale within the euro zone would be irresponsible, as it would “split the country apart,” he said. Only when the drachma is re-introduced and devalued can the country prosper again, he said. Sinn’s fears over a breakdown in civil order aren’t without foundation. In what has become a disturbingly frequent scene in recent years, Greek protesters fought with police and set fire to buildings as the country’s parliament voted Sunday on a new package of austerity measures in order to secure the EUR130 billion bailout from the country’s international creditors, the European Union, the International Monetary Fund and the European Central Bank, known as the troika.

Instead, Sinn recommends that the EUR130 billion be granted as “interim aid, above all to recapitalize the banks,” and help cushion a potential re-introduction of the drachma. He rejected concerns that the entire euro zone could break apart were Greece to leave.

“The risk of a break up exists,” he said, but it is being exaggerated “excessively” by those who own the bonds of euro-zone countries that are perceived to be risky.

Greece’s borrowing costs are considerably higher than even other euro zone states perceived as somewhat risky. For example, Spanish and Italian 10-year bond yields are now considerably below the 7% level considered as being unsustainable. Italy is trading at 5.6%, while Spain is trading at 5.3%, according to Tradeweb. Greece on the other hand has a yield of 32.3% on its 10-year note. Portuguese 10-year yields are trading at 11.8%, but this is below the 14% yields seen about a month ago.

“Everyone today is prepared for Greece’s exit and a spillover of the crisis to Ireland is ruled out. The capital markets can in all likelihood definitely tell the difference,” he said. Sinn did, however, concede that Portugal is in danger of being caught in the same situation to the one that Greece now finds itself.

Greek development minister Michalis Chrisochoidis told a group of journalists Wednesday that the country’s beleaguered economy would likely shrink 6% this year, after contracting by that amount in 2011.

The Ifo Institute publishes one of the most important indicators in Germany. Its widely watched monthly survey of German firms has shown an improving assessment of the business climate in the past three months. Against this backdrop, and in line with the views of many economists, Sinn said the institute expected the German economy to rebound in the first quarter of this year following a 0.2% contraction in the final quarter of 2012, due to rising growth in developing countries and an ongoing investment boom in Germany.

Sinn also took issue with current ECB monetary policy. He said that if the ECB were to hand over the Greek government bonds that it has on its balance sheet, then it would have to do it at face value. This would rule out the possibility of the ECB selling its bonds to the euro zone’s temporary bailout fund–the European Financial Stability Facility–at the purchase price or taking a loss on its holdings.

He also said that newly loosened collateral rules in the Eurosystem serve as “special measures for financing the south” of Europe, which “hinder necessary adjustments of relative prices. We have not yet seen any change in relative prices in the periphery states,” with the exception of Ireland, he said.

Moreover, the ECB’s offering of three-year loans to financial institutions is inappropriately flooding southern Europe with funds, which by definition has an inflationary effect. In Sinn’s view, southern Europe should be making itself more competitive by bringing prices and wages down.

Forex Workshop and Forex Course

Nicholas — Mon, 09 Jan 2012 14:48:52 +0000

There will be a Free Forex workshop, Introduction to Forex on the 2nd of Feb. The new 2012 Practical Forex course will be on 7th Feb 2012.

More more details, check out my website.

Introduction to Forex Workshop, W

Practical Forex Course, C

Wheels Come off Euro In Just 5 Days

Nicholas — Tue, 01 Nov 2011 12:13:03 +0000

On Thursday of last week stocks across the world surged on news that EU leaders, attending their 7th heads of state summit in 2011 alone had agreed a new plan to tackle the debt crisis.

The details of the plan are well known and focus on recapitalization of Europe’s banks, 50 percent haircuts for Greek debt holders and the leveraging of the European Financial Stability Fund to 1 trillion euros.

Just five days later and the plan is already facing huge criticism and the market, fueled by the collapse of MF Global on Monday is showing Angela Merkel and Co exactly what it thinks.

Stocks in major euro zone banks are showing double digit losses after the Greek Prime Minister George Papandreou called for a referendum on the deal which would have significantly reduced his country’s debt burden in return for cuts in Greek government spending.

“We have faith in our citizens, we believe in their judgment and therefore in their decision. All the country’s political forces should support the (bailout) agreement. The citizens will do the same once they are fully informed” said the Greek Prime Minister on Monday.

The prospect of an angry Greek electorate voting down the latest EU deal is clearly a concern for investors and follows harsh criticism of the plan from all over the Greek political spectrum.

“The PM is under heavy pressure from his own party to step down and from the opposition to call for new elections” said Jan Poser, the chief economist at Sarasin in Zurich said following news of the referendum.

“By threatening a referendum, Papandreou takes a huge gamble. Faced with a stark choice between sovereign default and a EU rescue package, he believes that the people will give him the support” said Poser.

Poser believes the Greek leader is playing for high stakes.

“To save his own skin, Papandreou is obviously ready to take the Greek people to the abyss and to let them have a glance at the possible consequences of a sovereign default and a euro exit,” he said.

For those who hoped last week’s deal would allow the market to focus on some signs of a rebound from the US and this Friday’s jobs number there was more worrying news from Italy. Borrowing costs for the euro zone’s third largest economy continued to rise on Monday despite heavy buying from the European Central Bank.

“Yesterday we had one of the biggest ever days of peripheral sovereign bond buying from the Securities Market Program, with some banks estimating that over 5 billion euros of peripheral sovereign bonds were purchased via the ECB’s bond buying program in an effort to keep a lid on peripheral sovereign bond yields” said Mike Riddell, a fund manager at M&G Investments in London.

Despite much of this buying reportedly being directed at Italy, the spread over German borrowing costs kept rising to hit a new euro area high. With business leaders calling for Berlusconi to go and demanding a government of national unity, it could take his resignation to turn things around for Italy but despite reports he would go, Berlusconi remains in charge.

The collapse of MF Global had a lot to do with the price action over the last 24 hours as its trading rivals assessed their exposure and counter party risk. But just five days after yet another deal to solve the debt crisis, investors are again looking at a sea of red on their screens and huge losses for European banks. Not something Angela Merkel and her peers in the euro zone wanted to see so soon after their latest grand plan.

Eur Jpy In A Triangle

Nicholas — Wed, 26 Oct 2011 14:30:22 +0000

Euro Jpy in a triangle formation at the moment. Looking at it, it seems to me that the triangle is in danger of breaking down later tonight or tomorrow morning. Once it breaks the triangle trend line it is likely to drop lower to 103.50 in the next few days. With regards to BOJ rumours of intervention, this could be a high risk trade. One needs to be careful and keep a careful look for any signs of BOJ. Other than BOJ, it looks like a good trade sign to me.