Practical Forex Course Comencing on 10th July 2012

ForexFoundation
Learn the characteristics of the 4 major currency pairs
Timing to trade for each major pairs
Time frame and your trading
Charting Knowledge
Trade and Money Management
Trend identification (uptrend, downtrend) and confirmation using reliable technical indicators
Use of selected trend following indicators and oscillators
Support and resistance identification

Powerful Strategies
No. 1 – Modified Duck Trading System
No. 2 – PMA Trading System
No. 3 – Modified Duck Reversal
No. 4 – Fibonacci Trading System

Best time to trade with these strategies
Indicators, templates will be provided for every students.


Course Duration and Support
3 nights of Classroom Lessons ( 7pm to 10pm)
3 nights of practical online tutorial training (7.00 pm to 10.00 pm) where students get to see and apply trading system taught in real time market condition.

Email support: send your questions direct to the trainer and get them answered
Post your questions and share trading tips in our forex forum
Receive useful information via email

Dates:
Classroom Lessons 10th, 11th and 18th July 2012
Time7pm to 10pm
Venue: SMU (Singapore Management University) (Please bring your laptop on the day of the course)

Online Trading Tutorial Lesson
Time:7.00pm to 10.00pm
Dates:19th, 24th and 26th July

YourInvestment:$1000 (before 7th July, early registration discount)
$1300(Fm 7th July 2012 onward)

Spain = Greece Replay

My Comments

Spain is seeing huge amount of withdrawal from its banking system. It will need to recapitalize its banks if the withdrawal persists. Spain has not much money and will need to borrow from the financial market. But its cost is now at close to 7%. This was the rate that push Greece into a international bailout. Spain is being push towards international bailout.

The euro fell to as low as $1.2324 on trading platform EBS at one point, its weakest since July 2010. It last fetched $1.2345, down 0.1 percent on the day, with a drop towards $1.20 likely as bears remain firmly in control.The drop in the common currency came as Spaniards sent money abroad in droves, worried about the health of the banking system.

Bank of Spain data showed a net 66.2 billion euros ($82.0 billion) was sent abroad in March, the most since records began in 1990."It is looking very bearish for the euro with the latest capital flows data showing a significant amount leaving Spanish banks, all of which indicate they will probably need official help," said Peter Kinsella, currency strategist at Commerzbank.Any help from the European rescue fund for Spain would mean an additional tax burden on Germany, Europe's paymaster, and could hurt the safe-haven status of German bunds, he added."It is not a situation where there is much help for the euro and chances are it is headed towards $1.20."With German two-year yields near zero, traders said a lot of safe-haven flows have, so far, stayed within the single currency area.

But if that were to change, the euro's decline against the dollar and the yen could accelerate considerably.The euro's selloff has gained steam this week as Spain's borrowing costs surged on worries it may need to issue more debt to recapitalise its banks, adding stress to markets already frayed by anxiety that Greece may exit the euro zone.The rising borrowing costs risk pushing Spain towards an international bailout.

The yield spread between Spanish 10-year government bonds and German Bunds have risen to euro-era highs this week, and the euro has fallen almost in lock step with that move."We're looking for $1.18 by the end of Q3, and at this rate, it could happen before that," said Callum Henderson, global head of FX research for Standard Chartered Bank in Singapore."During this risk-off environment, the U.S. dollar is the only place to be," he added.