The Practical Forex Trading Course By Nicholas Tan. For course details go to blogger.com Investing ideas, trading ideas, technical analysis, fundamental analysis on stock markets from nicholastan2 (Nicholas Tan) 8/9/ · With many charts and illustrations in the book, it makes forex trading simple for new and seasoned traders. Nicholas Tan’s first book, “Handbook On Forex Trading” has sold more than 10, printed copies in Asia alone
Singapore Seminars Courses and Preview: Practical Forex Trading Rankbooks - Nicholas Tan
Wednesday, 19 October Posted by Nicholas at 1 comment:. Sunday, 9 October How does the FX market actually work? I get this question all the time, nicholas tan forex trading. In the FX market, there is no regulated exchange where trading takes place like the stock market. It is more like a network of banks operating among themselves.
There is less transparency and that is why the FX market place remains so secretive and elusive. At the heart of the FX market place nicholas tan forex trading the electronic broking system.
This is a electronic system, nicholas tan forex trading, where buyers and sellers try to find each other through price discovery. Buyers will place bid for amount they want to buy in the respective currency pair.
They can also buy the offers put up by the sellers. There are a few electronic broking systems in use today like FXall, Reuters dealing system and Bloomberg just to name a few. Banks may also call another bank over a dealing system to ask the other for a direct quote on a specific currency pair and a specified amount. This is how dealing and trading takes place between banks. Have you ever wondered why FX has no daily volume reported?
Trading takes place across different platforms as well as direct bank nicholas tan forex trading bank dealing. Competitors are not going to report the volume they are handling and there are no regulation for the banks to report their trading volume. As a result, there is no daily volume available to FX market participant.
The volume we know is reported by the Bank of International Settlement BIS. This is a survey done every three years based on the currencies handled for clearing by the BIS. All the trading done by banks are cleared and settled at the BIS.
Some banks are market makers and they provide prices and quotes to a variety of customers. These customers include central banks, private banks, hedge funds, corporate as well as online brokers. A well known bank platform is the UBS Neo. UBS clients from corporate to financial institutions, from central banks to hedge banks to private banks can use this platform for their FX needs. No, they do not use the electronic broking systems. They usually transact with banks in their domicile.
They will go directly to a bank or a couple of banks and ask for a direct quote. Corporate like Keppel Corporation and Tiger Airway also tend to use a bank's treasury services.
They have currency needs that may be for delivery in 5 months time but they want to convert at the present moment to hedge their revenue or payment. Or they may be interested to swap one currency for another currency. These nicholas tan forex trading services provided by a bank's treasury and contributed to the Nicholas tan forex trading daily volume. You have heard of online brokers whose liquidity and spread are good because they use a multi banks liquidity quotes.
These brokers get quotes and prices from multiple banks to give a narrower spread for their retail clients. Almost all the online brokers clear their requirement with banks. I am sure you have come across many brokers who have no dealing desks. Some FX brokers are clients of another bigger online broker. In this industry, there are nicholas tan forex trading " white label". A white label means you set up a company and use the service, platform and product of another big broker.
It is important for retail players to choose their broker wisely. It is important to choose a broker with not just strong financial but also strong financial backing from its parent holding, nicholas tan forex trading. However retail players tend to choose leverage and spread as their main criteria. And these are how smaller brokers tend to draw clients.
The difference in spread is small compared to the daily range. High leverage nicholas tan forex trading a symptom of over trading. Monday, 20 June Fibonacci Application of Time and Price on WTI. This is Fibonacci application on price. The correction of this rally took 10 days.
Price extended to 1. The previous correction was simple and fast. It looks like the next correction is likely to be complex and longer in time. Posted by Nicholas at 2 comments:. Tuesday, 2 February Posted by Nicholas at 3 comments:. Sunday, 17 January Thoughts on Wall Street. Friday 15th Jan was nicholas tan forex trading bad day for Wall Street. Dow Jones Index was down points 2. Looking futher into the details, it could be worse.
Friday's volume was higher than usual; market down on higher volume! Monday is a New York holiday. Keen to see what will happen on Tuesday, 19th of Jan.
Saturday, 14 March Profit From The US Market Talk. The location is Singapore Land Tower, Time is 7pm to 10pm. There will be 2 parts to the talk. The first part will be on the US stock market, nicholas tan forex trading.
The topics include the direction of the US market innicholas tan forex trading, its opportunities and how you can take advantage of these opportunities. Included in this 60 minute talk will be a trading example using pair trading strategy. The theme of this strategy will be based on oil theme.
The next part of the talk 60 mins will focus on Fibonacci trading technique for the US stock market. Besides learning the Fibonacci trading knowledge like trading with retracement, extension and projection I will show, through numerous trading examples, how you can apply the Fibonacci trading technique. This Fibonacci trading technique is suitable for everyone. There will be numerous intra day and inter day trading examples using the Fibonacci nicholas tan forex trading technique.
Though these examples, you will realize the application of this useful technique. Even if you dont trade the equity market, you will also find it useful and applicable to FX trading. Vacancies are limited, so please register before the date. Do take this opportunity to gather your trading friends and come down together for the talk. It has been a long while since we held our last gathering where fellow students can meet and share their trading experience.
This would be a good opportunity. Do note that you do not have to be a CMC client to attend this talk. So please hurry and book your seat early to avoid any disappointment. Thank you and hope to see you on that day. Thursday, 29 January FED Economical Assessment Stocks fell as the statement reinforced expectations that the Fed will raise interest rates this year for the first time since The inflation undershoot is no longer receiving special emphasis.
The Fed has kept its main interest rate near zero since December All 10 voting FOMC members backed the policy statement, marking the first unanimous decision since June, nicholas tan forex trading. A report on Friday may show growth of 3. Six-year low Unemployment is at a six-year low of 5. Even as the Fed approaches its goal of full employment, nicholas tan forex trading, its second mandate, nicholas tan forex trading, for stable prices, remains well out of reach.
Market-based expectations for inflation in the five years nicholas tan forex trading five years from now tumbled earlier this month to 1. Oil prices near the lowest in almost six years signal inflation is likely to remain muted, nicholas tan forex trading. Economic reports yesterday indicated that cheap oil is nicholas tan forex trading boon for households and a mixed blessing for companies. Consumer confidence Consumer confidence soared in January to the highest level in more than seven years as gasoline prices fell, while orders for durable goods unexpectedly dropped for a fourth month, signalling the global slowdown is weighing on manufacturers.
Another source of concern for some policy makers: stagnant wages, which point to continued labour-market slack. Average hourly earnings increased 1.
Diminishing inflation expectations helped push yields on the year Treasury note to 1. It was 1. A cooling global outlook is also giving policy makers pause.
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9/20/ · Nicholas Tan is a Certified Financial Technician, has more than 18 years of experience in the area of Forex trading, having worked for 13 years as a Forex trader with Bank Brussels Lambert and Chase Manhattan blogger.comted Reading Time: 7 mins Nicholas Tan’s first book, “Handbook On Forex Trading” has sold more than 10, printed copies in Asia alone. The author, Nicholas Tan has more than 21 years of experience in the area of Forex trading, having worked for 13 years as a Forex trader with Bank Brussels Lambert and Chase Manhattan blogger.coms: 3 4/16/ · Nicholas Tan has close to 30 years of experience in the area of foreign exchange (forex) trading. He worked for 13 years as a forex trader with banks in Singapore, gathering much invaluable experience in the process. He rose from the ranks to vice president, making millions for the banks in Occupation: Associate Director
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