#fx guide

[forexrenkodaytrading]

New to Forex? Here’s What you NEED to Know Before You Start

If you’re interested in the global economy and in global currency, consider getting involved in forex. If you have no idea what forex is, then look no further! To learn the basics of foreign exchange trading and to get a start on understanding how it works and how you could do it, read the four informational tips below.

What Is Forex?

Foreign exchange trading, or forex, is a global, decentralized trading system. Simply put, forex is the market where one currency is traded for another currency. It is currently the largest market in the world! Additionally, forex determines the values of the different currencies worldwide, it makes international trading easier and it enables currency conversion. While the origins of forex can be traced back to the end of World War Two when the fixed exchange rate was switched to a floating exchange rate, forex really began in the 1970s. After three decades of government restrictions, laws were loosened and international currency exchange grew.

How Does Forex Work?

In a nutshell, forex works by one party purchasing a certain quantity of one currency, and pays for it with a certain quantity of a different currency. Most people involved in this market use two types of analysis when it comes to trading: fundamental analysis and technical analysis. Fundamental analysis is when the purchaser looks at the data directly related to the market. They will analyze real events and the macroeconomic data that is relevant to their traded currencies. Technical analysis is when the purchaser looks specifically at the market numbers, and focuses on data quotes, charts and graphs.

How Do You Get Started?

Consider beginning with a demo account, and once you understand the basics and feel confident that you know how to trade, move on to a real forex account. In order to trade successfully however, be sure you understand these two analysis techniques. It is recommended that you educate yourself on both technical and fundamental analysis. Forex is unique in that you should not rely too heavily on the predictions of other traders. It is important that you are confident in your own analysis skills, and equally, that you know how to manage your money with a trading strategy and strike a balance between desire and caution. It is important that you understand how forex functions, that you educate yourself on the market and finally, that you develop your own trading strategies.

What’s Interesting About Forex?

Forex is the only market that experiences a huge trading volume due to its geographical dispersion; forex occurs all over the world. Not only can you trade from absolutely anywhere, but you can trade at any time. Forex occurs 24 hours a day, except weekends. Because of this, forex is the most liquid market. Perhaps most interesting, is that the main forex centers in the world are in big cities, like London, New York, Tokyo and Frankfurt.

[forexrenkodaytrading]

Eliminating the Risk of Forex Trading

The difficulty with trading forex in this manner is that the day trader is strictly small fry, playing with a few thousand dollars, even a few hundred thousand will not affect the market at all. When the small guys take a position no noticeable movement will be seen. And then along comes one of the big players in the market with tens of millions of dollars and takes a position and the price will shift noticeably.

If the small trader is lucky and had taken the same position as the big player did before he came to the market then he will be lucky and the chances are that the price move is favourable and he can sell out, pay his brokerage fee and come out nicely on top for the day. If however he hasn't taken a position yet then the chances are he is too late, and if he took the position the wrong way then he will probably be hitting his stop loss having had a bath.

And the small guy can do all the analysis he likes, looking at trends and analyses and trying to figure which way the market is going so he can ride that trend. If he is LUCKY he can do well but he is betting against a stacked deck. There is little chance that he will have access to the kinds of data that the banks have, and the banks and big players have very sophisticated and astute analysts feeding up to the minute data into their models on a minute by minute basis.

So if you wish to diversify your trading and wish to try forex you need to know what the professionals know. This is why you should look at a Forex Managed Account.

A Forex managed account takes a lot of the risks of short term and day trading away. The managers of your portfolio are using all the expertise of years of fundamental and technical analyses on each currency group the whole time. Thus they have a very consistent record of providing growth over the medium to longer term. The massive swings and roundabouts will be smoother and the long term effect should see a steady growth in your capital investment.

All you have to do is create and fund and account and a portfolio manager will start trading on your behalf. You will have the right to access your account and to withdraw your funds at any time.

[bestfxtradingsignals]

Wonder how many people trade forex on their mobiles?

[glynjenkins-motiondesign]

Real and Raw: The miniature fx behind Interstellar

I am a huge fan of Nolan's films, and Interstellar was no exception. I was looking forward to seeing the film and one of the most recognisable parts for me was the realism. FX Guide have a behind the scenes look at the miniature models used to create the incredible exterior shots of the space craft used within the film.

Nolan’s wish to replicate space shots achieved in principal photography, where an exterior camera was literally bolted to the side of the spacecraft, was one he felt should also be achieved in the visual effects world.

Click here or on the banner above to head over to the article, and find out how Nolan brought you this epic journey across time and space.

[glynjenkins-motiondesign]

Call of Duty Advanced Warfare: Live Trailer Breakdown

The Call of Duty franchise has become one of the annual events of the gaming year. Not only now do we have games on an epic scale, but the trailers themselves are pushing the boundaries of how these games are advertised. This new instalment Advanced Warfare is no exception, with lead actor Taylor Kitsch staring in this live action thriller.

Filmed on sets and in the Californian desert, MPC LA transformed the photography into a frenetic action piece.

Click on the image above or here to head straight over to FX Guide to read and see the VFX breakdown of this large scale trailer.

[kooolkay]

5 Podcasts I really like

Surprisingly enough not all of these are about video! I know, scary right?

Rooster Teeth Podcast - My favoruite Podcast! Just plain funny simple as that. Supposably about Video games but they always go off into random tangents.

Scriptnotes - John and Craig are a great duo in scriptwriting tip and format. I enjoy listening to them even though I don't want to be a copywriter!

Good Mythical Morning - Rett and Link make this random show about random things. It's very PG but great none the less. "Let's talk about that."

FXguide: FX Podcast - Back to my roots. I am only on episode five, at the time of writing this, but still am enjoying this one.

ScrewAttack's Podcast - Gaming from the fine folks at ScrewAttack. Love their news desk!

[illusionvfx]

HUGO FILM REVIEW - 13/12/11 - !!!WARNING!!! THIS DOES CONTAIN SPOILERS

After watching and listening to the FXGuide.com podcast about VFX behind Martin Scorsese's latest feature HUGO, I was compelled to see the film for myself and check out what the legendary director was inviting us on. 

HUGO follows the story of an orphan boy who lives in the walls of central Paris train station, avoiding the Station Master by maintaining the station clocks so the Station Master does't investigate the maintenance areas and send Hugo to a State Orphanage. Hugo is on a quest to unlock a secret clockwork robot his father discovered in the museum before he died, which takes him somewhere he never expected. 

HUGO is full of colour, nostalgia, and the romantic sense of Paris is all over the palette of this film. The film begins slow and takes around 20 minutes for you to get past what has lead Hugo to be an orphan before the film grabs you and takes you on his story. But if you can keep with it, its worth the wait as you get taken on a homage of the history of cinema, and Hugo trying to reconnect with his father.

Within the film there are a lot of sub-plots that connected together in a way that felt forced and were there to make the overall relationship between the characters connect to force the story on. But hidden within a lot of mystery you are compelled to carry on. The performances by the two main actors were average and lacked a sense of naturalness and ease, which I didn't expect from a Martin Scorsese picture and had a similar tone and lack of quality to that of Super 8. 

However despite these criticisms, I can't fault that I was totally engaged with the story and I wanted to see it to the end. As an audience what you are left with and the point that the entire film makes above everything is that the gift that cinema gives us is "imagination and dreams".  

Would I recommend people see this film? Definitely.. Would I recommend people see this film in 3D? No... 

One of the main reasons that initially compelled me to go see the film was the FX Guide Podcast that talked about the 3D stereo being the best of any 3D film to be release. However for me I felt that although there were a couple of impressive 3D shots looking down the Station Clock tower, for the most part the 3D was a distraction from the film. For those of you that like 3D films, this maybe a great film for you to watch as my colleague who watched the with me did love the 3D stereo work. But for me I would have preferred to have watched it in 2D.

HUGO

Rating: 3.5/5 Stars