Zecco trading finalizes morph into Trade King

Hi guys,   If your a Zecco fan like I've been over the years login to your account and activate your account with Trade King and you'll be all set.  Zecco has been a great place to trade, and save some cash on trades too, but I believe this merger with TK will be even better!  And will create more stability and capital for the long haul.  So update your accounts or if your new to TK click the banner upper right on the website and sign-up!

have a great one,  and talk soon :)

-david

Weekly Forex Update- The Fiscal Cliff Meltdown

As we seen over the past two weeks with equities selling off like over 300 points on the dow after the USA presidential election.  Yes,  allot had to do with the shock factor of Obama being re-elected and the markets really wanted Romney but allot more had to do with ECB President Mario Draghi saying that the outlook for the European economy is weak, and will not be improving any time soon.  The markets tanked,  and the selling hasn't looked back from that point.

Allot of traders in Forex, Options and even stocks thought we would see some bounce and some solid retracement to test this plunge down but it just hasn't happened.  Even from the beginning of this week markets are not happy about this weeks "Fiscal Cliff" uncertainty and the hope of some bipartisan participation between the House Speaker Boehner and new re-elected president Obama.  And so far what we are seeing isn't looking good for any deal to be made fast, hopefully this will end with something agreeable on both sides to avoid default and also improve markets.

If you've noticed yesterdays market there's been allot of Yen weakness including watching the Aussie sell off for a nice short if you were like me and trading the London Session.   But the better trade was really the buy for the USD/JPY which made a strong push up with allot of volume which is more of a rare thing for this pair.  But in light of how markets have been reacting lately, anything is possible right now.  "Sow bean" futures have been taking money off the table and taking profits before we get close to end of year slow down. And with this much fear and uncertainty about a continued sell off the longs are taking their profits while they still can.

I remain bearish on the markets right now but be very careful in these types of uncertain markets trading.

have a great week----
and for all you traders, "sleep with one eye open!"

-david

Legit Online Jobs

If you've ever been looking for a part time job or some additional income than you've been just like me looking though the search engines to find something that's a real job and not another scam!  It's been tough for me looking--most places want to charge you a fee if its for survey opportunities, secret shopper, or some other computer based work that's kinda unknown until you fork over the cash.

Thankfully I'm happy to say I've found three companies that I'm pretty confident are legitimate, don't require you to pay any upfront fee's and are looking for real people to hire and employ from the comfort of your home.
The majority of these jobs are internet search related, specifically with search evaluations, search query research, development with companies like google, bing etc.
If you've ever wondered how does google understand my mispelled words and correct them, or how does bing pull that exact search I'm looking for with my keywords and original intent.  This is determined on a daily basis by folks like you and I who work through the bugs and really improve search engine query's to make things better for everyone who searches the internet.  These home-based jobs are more of a part time nature, now there are opportunities to work 40 hours a week doing this, but the majority I've seen really are for those looking to work 2-3 hours a day. As far as pay is concerned I've seen companies starting pay at around $13/hr to start and as high as $34/hr for more experienced folks.

But let me be clear this stuff isn't a cake walk-- I've done some of the work myself and its very detailed oriented work that has to be very specific to answer and improve these search query questions
The testing from one company is pretty difficult and the majority of people don't pass the open book exam and are not allowed to take the exam again unless they are making a special exception for you.

Well lets get to my 3 top choices:

1. LionBridge-  a global company focusing on translation, development and testing solutions to help clients all over the world.  Offices in belgium, canada, china, finland, france, germany, india, italy and many more.  2011 Gross Revenue was 428 Million.   more info:  http://en-us.lionbridge.com/

2. LeapForce-   a company that was started in 2008 and has contracted with companies like Google to hire over 200,000 independent contractors who get to create their own work schedules from home as long as they complete 200 evaluation tasks each 30 days.  There testing evaluation is tough but this is a great opportunity if your looking to make some additional cash!  more info: http://www.leapforceathome.com/

3. Appen Butler Hill- a world wide company focusing on computational linguistics, phonetics and phonology, terminology, lexicography, corpus collection and linguistic testing, and among others. for more info on jobs available:
http://www.appenbutlerhill.com/freelance_work

Weekly Forex Update-- Let the selling begin!

This week has been on the crazy side with equities significantly selling off with the Dow having its worst day since June will falling over 250 points.  There continues to be fear in the markets with poor earnings and even poorer projections of what to really expect to see in the market as far as growth is concerned.
I would look for some continued downplay with Gold and Stocks especially until things get settled with this election and who the next President of the United States will be.

The Euro made a nice 70 pip push to the downside on Friday but ran out of steam and retraced all the way back up and into more consolidation for over the weekend.   GDP numbers were more encouraging today up to 2.0% instead of the projected 1.9% and allowing the markets a little breathing room.

I'm still looking bearish on the markets right now and believe we will see some continued strength with more Sellers stepping in and the markets falling lower.  Keep an eye out for this, and with options expiring to the downside.

have a great weekend!

-david

Need a part time job? --or-- Learn how to make extra money for the holidays

The leaves have turned golden, there's a crisp in the air from a Northern wind and you can be certain winter is on the way..  And not too far is Thanksgiving, and Christmas right after.  And believe me that means more Dinero right?

When thinking about making some extra cash everyone first has to ask the question,  what do I need really to make? What is a little extra to you may be $100 or to the next guy an extra $25 could go a long way if spent right.

Well let's dive in and look at some great possibilities that I use to make that extra cash:

Option #1: 

**Its nothing new but running a blog and/our doing Affiliate Marketing, and getting traffic to that blog/Ads and monitizing it is very effective. One of my blogs you can check out is (freeworshipcharts.com). I have sold thousands of dollars of vocal products on this blogger site, with free hosting. And actually just had another sale come through right before I started writing this at 2am! I make anywhere between $25-50/sale.

Advantages: Residual income, Super low cost to run(Only Pay for domain as overhead), help people online, build a community of like minded people etc.

Disadvantages: Can take months to establish quality SEO traffic, requires regular maintenance and up keep. And some trial and error to see what your traffic will really buy and click on your ads!

Option #2: 

**Learn How to trade FOREX and OPTIONS
This is a serious education to do this well without loosing your shirt but I've discovered some much easier ways to do this and make some cash-- even for a beginner to learn..

Advantages: After good trades are made the income is already in your account, no waiting to be paid. Just whenever you need withdrawal the cash to your bank.

Disadvantages: Requires a minimum of $1000 investment to start. Have to be regular at getting up when the markets open for New York Session at 8:30am and be ready to trade when set-ups occur. Requires good money management skills and the ability to take your loses and wins without your nerves falling apart :):)

Option #3: 

**Medical Transcription
this is a lucrative job where you can work from home listening to a doctors audio samples and typing it all out for his patients. Average salary is $30-40k/yr.
My wife has a friend (who is a single Mother of two) in her office where she's also a real estate agent but this is her main source of income. She only works 3hrs a day from home and than she's done for the day..

Advantages: great pay, work from home, flexible hours and schedule, Companies with still hire a beginner if they have Certification

Disadvantages: The better jobs like to hire someone with a Certification in Transcription and have experience, need to be able to type fast and be pretty accurate.

Option #4: 

**Write Online Articles
Many quality sites like (textbroker.com) and (iwriter.com) will pay $3-$25 per 500 words article. There is so many folks needing quality content for their websites etc. they will pay pretty good if you love to write and have the time.

Advantages: work from home, total freelance position, private deals and exclusive opportunities for great writers.

Disadvantages: Can Require time to understand subject matter, and write quality article. Articles have to be approved by clients before any payment is sent. Have to work your way up to be given higher paying writer jobs

Option #5: 

**Fiverr.com
There are thousands of people on here doing the craziest stuff and making some great cash. Routenly, I will hire folks on here if I need some work done for pretty cheap but don't think people aren't making money. If you have a skill or something creative that you can do very easily and there's demand.. You could have 20 or 30 orders in one day of everyone paying $5 for your special thing.

I hope this helps, I will keep you updated with any new legit opportunities --  so don't stray far.

best,

-david

Dow Falls Over 200 points- Worst Day Since May- Where to Next?

Well what a week,  more selling sentiment in the markets, dollar was a little up, historical presidential election just weeks away and markets aren't weathering well with home sales taking a hit.  There is allot of fear we could see a steep move down even further in the Euro if we can't hold the 1.2652 level.  Technicals are mixed really from my point of view- we definitely could head back up but the sentiment in the market isn't really good and I believe allot more will be seen after this election is over.  I believe if Romey is elected we could see some rallying in the Markets but if Obama is re-elected we could see historic decline,  like back to 2008 levels added with much fear in the market.

In the wake of Obamacare more companies like Olive Garden, Red Lobster have recently said they'll be letting go of a large amount of full time employees and hiring more part time employees to hopefully survive the onslaught of higher fees and taxation to continue doing business.  I believe this will become the norm with many employers with ObamCare being fully instituted.

Gold and Silver have fallen with Gold now at $1722.65 and from what I see the short players are setting up and looking to drive the price down with taking some quick profits.  Gold and Silver will always be a strong play as a hedge from the fall out of the Dollar and I believe some continued decline in the markets if we don't see some real fiscal change. 

(As a side note China continues to buy barrels of Crude with the Yuan dollar-  there currency of choice.  Also, the Yuan had a great rally this week hitting record highs with much speculation if Beijing is  behind the big move . read more here: http://www.reuters.com/article/2012/10/19/us-china-yuan-idUSBRE89I0J320121019

but ultimately this is a effort to eventually get out of the Dollar entirely.  This is nothing new, but I believe as America deepens itself into more debt that our GDP can't even cover the interest payments on-  Lenders like China will eventually have to call us on our debts that its time to pay up or there will be a significant move to leave the almighty Dollar and make their currency the next world currency.)

Have a great weekend everyone and get some rest!

-david

Worst day in the Markets Since Memorial Day- Weekly Forex Review

For three straight days we've seen negative gains in equities and witnessed the S&P 500 ending the week with -2.21% to close, worst since memorial day weekend with a close of 3.02% drop.  And on a personal note some major losses for me trading this week,  no fun that's for sure!

Gold crapped out today too with falling -13.23 or -0.749% closing around $1754.2
The only upside for the week with options expiring was we saw a Ok move in the EUR/USD with the Dollar falling and the Euro making a good move to the upside right into the 1.2992 resistance level and bouncing off for a nice short position.

I'm still believing to see a rebound with Gold and hopefully some better sentiment in the market this next week.  Have a great weekend everyone and get some rest!  I know I need it, time to catch up for me :)

-David

ps.  

On another note,  Don't know if you caught the VP debate on Thursday evening but you didn't miss much, actually it was probably the worst debate I've ever seen.  I tell you it wasn't a mystery about Joe Biden sticking his foot in his mouth about a thousand times, but honestly he showed the world how big of a low life he really is and that he lacks any class or even respect for the other opponent Ryan in the Debate.  Biden would not even let Ryan finish talking and would interject every time with some random negative comment.  You know regardless who's right in all this mess it just shows me the man does not even have enough decency to respect another human being for whatever they believe regardless if its his own thoughts or anybody else's.  The moderator did horrible job to even allow this to take place instead of cutting each candidate off when their time was over but instead she just let Biden be a jerk and I think she enjoyed it!     Well,   anyway I had enough and turned off the TV after about 25mins,  it wasn't even worth my time to watch...        Be well.

Unemployment Rate Drops from 8.1 to 7.8!! What the Heck?

This is just crazy everyone! with September numbers coming in for the month of August at a measly 96,000 jobs and today's numbers for September at 114,000 it doesn't make sense why all of a sudden we see unemployment drop this big!

Sep 7, 2012	1.6		8.1%	8.3%	8.3%
Aug 3, 2012	1.2		8.3%	8.2%	8.2%
Jul 6, 2012	0.8		8.2%	8.2%	8.2%
Jun 1, 2012	1.8		8.2%	8.1%	8.1%
May 4, 2012	1.1		8.1%	8.2%	8.2%

Again, this doesn't add up to see such a huge unemployment change from 8.1 down to 7.8- like I've been saying since the beginning of this year (WE Are NOW seeing Major Market Manipulation from the Fed to Favor Obama's re-election,) this is the only reason this came out with just 30 days away from the Presidential election. And with QE3 already in place it makes it seem believable this wasn't planned but once the market see's through all this BS watch for a strong retracement and correction to the downside.

At the moment the AUD/USD is falling through the floor, while Cable is closely following and the EUR/USD is finally catching up to all the mess this morning.  I believe the market will rally for a bit but once it gets its fix, the correction to the downside will continue. 

Gold has taken a bit of a hit today falling back into the $1776 level but I'm still bullish on gold.  Look for this commodity to head much higher over coming days and weeks, I'm looking for a sustained move right through the 1800 resistance level and moving higher, there is no reason why not once the market corrects from this bogus news today and folks start selling the EURO heading into the Dollar and back into Gold for safety.

have a great weekend everyone, and as Perry Marshall says, "sleep with one eye open"

-david

What are Binary Options? A look inside the Pros and the Cons

Binary Options are really gaining allot of traction these days, especially with brokers like Banc De Binary surpassing 200,000 account holders and talk of even offering debit cards to account holders first to there VIP clients and then to smaller account holders.  I believe one of the reasons we are seeing such a rise with this type of investment option is because they're very simple to trade.  If you've traded forex before you typically set an entry order(pending order), have a 30-40 pip stop in place and typically a target at the first swing high trendline, next level of resistance, Fib Retracement, or even another custom tool to target  your biased measured move of the market.   But with Binary Options all you need is a strike price of when to enter the market, a direction being Up(Call) or Down(Put) and choose your expiry time for that contract and your trading.  It really is a beautiful thing and quit simple for a beginner, and/or seasoned trader.

Some additional advantages of Binary Option trading are the benefit of super quick expiry times like 60 seconds or longer times like the End Of Day, Next Day or  even as long as the next week or month?
Of course in order for the trade to be valid there has to be a contract available for the expiry time and enough liquidity for that asset(meaning the broker still has contracts to sell you and that they haven't all been taken)or the broker can't sell you that option.  It is pretty amazing that trading these types of options you can really earn 70-85% per trade or if its a "One Touch" trade, meaning the market price either rises or falls to pre-determined level you bought the contract at then it could pay anywhere between 200-550%.  Usually these contracts are over the weekend, like a two or three day trade.

If we were to discuss possible Cons to trading Binary Options I would first have to start with the fact being you have to wait till the contract expires to know if you win or lose.  This is a major difference than if we were trading Forex and our trade went immediately Up or Down.  At that point if we desired we could close the trade and take our profits or slowly take some money off the table and let the rest run hopefully with the Trend.  But with this type of trading you are at the mercy of the market and that your expiry time was a right decision for when to exit the market.

Another Con with this type of trading is if your wrong the majority of your investment is gone unless you opted to receive maybe 5-25% of your investment back after expiry.  But the majority of traders are looking for maximum exposure to receive maximum profits so all is lost if the trade goes bad.  Rather with forex a pre-level stop would exit you out of the market before all your profits would be lost on any one trade.

As with anything its wise to do your research about any Broker, some are definitely scams. At this point in time the binary options world is not regulated by the NFA and CFTC. But I'm sure this will change in the future as our politicians will want to get there dirty hands on any money being made and will regulate it.  Yes there's some advantages with protection but there will also be disadvantages to everyone with all referral commissions ending and no solicitation of any type of security without a Series 7 license. Possible other licenses will be required just as with being an IB in the Forex world.

In Conclusion,    Binary Options are a favorite of mine,  they have allot to offer.  And really if you learn  how they operate they can provide a solid income stream to the novice or professional investor.  I've seen folks take a $200 account and in 41 days have already made over $4,000 on the account.  Not bad huh?   This is very possible if your a good trader, and/or have a solid team of traders working with you in a signal service like http://www.intellitraders.com.    

Happy Trading!

Where are we going Next with Gold? and Weekly Forex Review

Hello traders,

This last week gave way to the GBP/USD coming into a big yearly resistance level at 1.6344.

Since just testing that level and really never breaking through but bouncing off and joining a basket of other currencies with making a solid trend-line down over the long term.   This absolutely begs the question if we are really going to see any rally or "risk on appetite "or whatever you want to call it from the Feds QE3 free for all party or not?
The dollar is sitting on 7 month lows and Gold is at 7 month highs and possible might break the $1800 level this week!  I would watch for Gold to continue higher..   Of course its anyone's guess, but with options expiring this past week I'm hoping markets won't be as choppy and we start to see some action and some greater movement in markets.

With a lighter week on news, still keep an eye out for Thursday with "Italian 10 year Bond Auction" and "Unemployment Claims" as this looks to be more of a volatile day for this last week in September.

have a great trading week!

-david

Weekly Forex Review

This week saw allot of action especially with all the market news shaking the financial world from watching the German Court Ruling to Thursday's big push from the Fed to open the floodgates to QE3.
And what's really dangerous is there's no end in sight for all the money printing,  Fed Chairman Ben Bernanke is hell bent on pumping as much cash as he can into this economy,   With the FOMC announcement and Bernanke speaking to confirm the news  the Dollar fell below 79, down from 84-  That's a 6% loss in the purchasing power of our dollar.   It would be similar to taking everything you've ever worked for in your life, all your savings and retirement and after one announcement devaluing them by 6%!   Yes it is crazy, and If we are going to survive as a country this has to be stopped folks!

Moving on,  the EUR continued upward with a strong push close to 150 pips from its opening on the day. As our next strongest mover was our inverse correlated pair USD/CHF that fell 110 pips for the day, making it a nicely traded currency after breaking the 0.9333 major support level and making its way down.   I hope you took that trade as it was a great trade to finish the week out strong.

Have a great weekend everyone!

-david

QE3- Let the Manipulation Begin

Fed Chairman Ben Bernanke announced today that the Fed will launch QE3 (Quantitative Easing 3)
or "money printing" with open-ended (meaning there's no end in sight or cap to how much money the Fed may spend) security purchases-  mainly buying mortgage backed securities at a rate of $40 billion, and yes that's a B for billion PER MONTH.   This is all in a joint effort supposedly to stabilize the housing market and try to prop the economy back up.

And because of this the market took off today, Dow closed over 200 points, S & P 500 gained 1.63% up 1.53% for the week, and we saw the EUR head up about 127 pips on the day.  The real mover was the AUD/USD to the upside at 149 pips, while the inverse correlated USD/CAD fell pretty hard at around 107 pips.

While going into the Fall Gold is usually up and the markets start moving well with more volatility, but what we are seeing today is pure market manipulation.   This is something I've already talked about before but to say it again it would not surprise me to see markets continue to rally in favor of Obama's re-election.
Ben Bernanke knows this, and definitely remembers who reinstated his position as Federal Chairman of the Federal Reserve.  I will say that if Mitt Romney is elected to be the next president of the United States he has already made comments to get rid of Bernanke  and get someone else in there more competent and less inflationary driven, and stimulus happy.  Which if you can't tell already, I'm in favor of getting rid of "The Bernank" ASAP before he destroys this country and flushes the value of our dollar down the toilet.

Anyway,   be-aware of what's really going on.   The manipulation has begun!


bye for now,

-david

Where to buy Gold and Silver?

There's allot of buzz in the market place these days with cash for gold, or sell your gold for cash on the spot etc etc.   And yes I understand these are hard times and we all need cash to survive and buy even the basic requirements to live.   But there is a day coming when people realize that our fiat currency we've bought into for so long just won't cut it, and the all mighty dollar has lost most of its buying power and we see inflation take a serious toll on our country.  It's already beginning to happen too, look  at the price of bread, coffee, milk, eggs, and my gosh I bought hamburger meat at Kroger the other day ON SALE @ $4.99/lb and its still going up!

And believe me this isn't here-say folks,  you'll find through history in different country's, different cultures,  one major commonality that every major fiat currency has eventually collapsed and that economy had to start from the ground floor again and rebuild all the mess.

This leads me to say if you aren't investing in something with intrinsic value than really how are you protecting yourself in these difficult times?  My belief is you absolutely have to start buying Gold and Silver and start accumulating this commodity that has real value regardless if our economy collaspes,  the dollar crumbles, and we head into another depression.  And listen I'm saying this as someone who trades forex, options, stocks, and teaches on this stuff.  Really at the end of the day Gold and Silver are a really good place to land in protecting your wealth and even setting up an inheritance for your kids, grandchildren or just to protect your own family right now.

I highly recommend you start shopping for Gold and Silver at:  GoldSilver.com
and see what they have to offer with buying Gold and Silver Bullion Coins you can hide around the house or keep in your treasure chest.  You'll also find GS offering some solid investment advice when buying gold and what to look for, and some basics to get your feet wet.

I'm not the only one saying this, you'll find many testimonials on their website including from the author - Robert Kiyosaki – Founder of Rich Dad-  who highly recommends this company and its continued great service through the years.

So before you buy Gold and Silver online stop by GoldSilver.com 
and see what they have to offer.  You'll be glad you did :)

Talk to you soon,

-David

8.1% unemployment rate--- Weekly Forex Update

Now that we are finally into September (If you can't tell I love the fall and are craving the cooler temperatures) this week turned out to be a overall good trading week.  We saw some very nice gains for our NFP Friday,  with the EUR/USD moving about 170 pips to the upside.  A very nice trade if you took it.  I was trading options today, with 2 strong wins that I can't complain about.

Now that we are in September and headed into the fall typically Gold starts to make a move and we are seeing it already with Gold closing today at $1735.8 making a solid 2.03% in gains.
Even with a disappointing jobs number at only 96,000 job created with projecting 123,000 NF jobs created the market still took off today in equities and currencies, and bringing a nice close to end the week in US and Asian Markets.

I'm excited about this next week as we should start seeing greater volumes of cash in the markets with traders off holiday and some volatile news coming out this next week with the German Constitutional Court Ruling,  FOMC, Core Retail Sales, 10yr bond auctions and more.

Have a relaxing weekend,

-david




  

No QE3, and Markets are waiting to see the cash- much to be seen

Well this last week was disappointing as traders and speculators were eagerly waiting to hear some hope that the Fed would be stepping in with another round of quantitative easing.  That did not happen at all, but rather was a quiet Friday in Jackson Hole, WY with everyone grabbing their fly rods and heading to the river as soon as possible after the meeting to catch some trout.

This week looks interesting in terms of news on the table with bond auctions and Friday with Non Farm Payroll here in the USA.   September tends to be a volatile month as traders are coming off holiday and the USA is returning from Labor Day and hopefully we start seeing the big money moving markets and we get away from all this congestion/ ranging crap that we've seen for most of August.

I'm looking for Gold to continue to head higher as we've broken a 5 year trendline and if the dollar continues to look bleak we could see some monies move into this safe haven commodity as the Euro zone continues to unravel.  I'm very excited to see Stocks become stronger as these types of investments start to look better to the long term investors wanting to hedge risk in the open markets and still yield a higher return. But it wouldn't surprise if we see more manipulation from the Fed to rally the markets in favor of Obama's re-election and try to bring some stability to investors.  Even with unemployment at record levels, a economic recession, and  inflation on the rise.  There is allot on the table with this election,  I really hope you get out there and vote for a better America.

Have a great trading week!    Keep u posted soon

-david

Weekly Forex Update- A Slow week in the Forex Markets

Hi Folks,    well what looked like a more of a volatile week ahead, turned out to be more ranging, sideways markets and really a whole lot of nothing.   Our biggest mover of the week was on Wednesday, in the AUD/USD with a late afternoon push to the upside at around 130 pips.
Looks like a Market Maker/Central Bank wanting to get more bang for there buck with a thin market to step in late in the day and push the market up to the 1.05 level.

I'm hoping we see more action this next week with more news in Consumer Confidence, Home Sales, Italian Bond Auction and our #1 manipulator of Markets on Friday,  Fed Chairman Ben Bernanke.   Should be a interesting week ahead.

have a relaxing weekend!

-David

The Euro and Spanish yields

This past friday, August 3rd, 2012.  We saw our biggest move in the Euro of the year.  Moving around 218 pips to the upside with incredible momentum and strength.  As we enter into this dangerous zone now with Spanish yields trading at around 7.5% there is a direct correlation between how the euro is affected and so are the other markets with the Euro.    For the upcoming week,  watch bond yields and even with a lighter week for news, lets see if the Euro continues down or makes a push up from all this rhetoric from the BOE and that maybe these politicians will make good on there promises.

note as of today: source dailyfx: Spanish 10-year bond yield is up 3.7 bps to 6.82%, Italian benchmark yields up 2.7 bps to 5.96%. German benchmark yield is down 2.9 bps.

happy trading!

Banc De Binary Broker Review- The Top 10 reasons Why Banc De Binary in the best for Binary Options

So after diving in myself into the Binary Option world with High payouts and low expiry times,  even as low as 60 secs.   Why have I chosen Banc De Binary as the best broker?   Well its simple:

1.  They are strong company and given a position as a "World Finance 100 Company"  next to those of  HSBC, Goldman Sachs, JP Morgan, and Visa.

2. Banc De Binary is well capitalized and have allot liquidity with recently announcing surpassing over 200,000 account holders. Something that is very important when your a trader and wanting to always be able to get your money back.

3. They also have a awesome customer service, 24/7 live customer support. And their very friendly,  typically will call you even after you first set-up your initial account to point you in the right direction with making a deposit and/or to answer any questions you might have.

4. BB offers Comodo SSL site protection and ET Binary Options website identity assurance warranty of $250,000, which translates into the user being insured for up to $250k when relying on information provided by IdAuthority.

5. BB trading platform is solid and offers the opportunity to buy(Call) or sell(Put) in Stocks, Commodities, Currencies, and  Indices.  With Expiry times as fast as 60 secs or End of Day GMT.

6. From a practical standpoint BB is one of the only brokers to offer a $50,000 demo account to trade once you fund your account.  Customer service than walks you over the phone or "live" chat to set-up your demo account and than your free to practice, and improve your skills with trading binary options.

7. BB offers plenty of Education links to help you understand Binary Options and includes pdf files to read to really understand glossary terms and trading options to get you up and trading as soon as possible. They even offer coaching and updated educational blog to help their clients.

8. If you desire every morning BB will send you a copy of the Daily Market Review that is up to date with live market events, news, and anything to be aware of before you start trading. There is also in the works more development in this to where this will be all live and will feature live trading events and current market analysis.

9. Although BB has its bank in Cyprus and offices all over the world-- their main office is located in the USA address:

40 Wall Street (28th Floor) New York, New York, 10005, United States
Telephone:	+1-800-656-6163

10. BB offers account funding via credit/debit card, wire, moneybookers or alert pay.
Must be a minimum of $500 to start with VIP accounts at $100k or more earning 2.5% annually of funds maintained in the account.
Withdrawals:   Are to the same funding method as to your deposit.  eg.  funded your account with credit card,  withdrawal will go back to credit card. Now I wish there were a little more alternatives here but that's the rules.  You must verify your account and go through the compliance process before they will allow withdrawals but for me it was a pretty easy process and they are flexible with helping you.

**My only complaint with Banc De Binary is the trading platform being a little slow (by the way best browser to use is Google Chrome, Safari on my Mac works OK, but Google Chrome is the so far the best) and that it logs you off every time after so many minutes without activity.  This is something to really remember before you execute a trade and realize the platform won't let you until log back in.  So that amount of time is lost, so word from the *wise make sure your logged-in * and ready to execute that trade and not lose out when the market moves. **

for more information:  http://www.bbinary.com/

The Euro-Zone is still alive, or is it?

Hello everyone,        after being out of town for a spell I'm back.  And just in time to watch the Euro rally on Thursday after ECB President Draghi makes the comment that ECB will do whatever needed to preserve the euro.    So now we'll just have to see if he makes good on his word and the ECB steps in shows us the money.  


Todays move was significant with the Euro making all the way up to the 1.2328 level and dropping back and holding in the .2300s.   If you caught the move you made some nice cash with the Euro moving 211 pips but the real mover was the Gbp at roughly 250pips up.  Wow, what a day!  Watch heavy resistance around the 1.2313 area for a push further up and the possibility if there's strong momentum to the downside and we break 1.2255 we'll head back down.     Not allot of news for our Friday, but watch the markets as they'll get thin around mid day when the majority of the market makers will be having a martini lunch and calling it a day.


 Have a great trading day!

Gbp/Usd Weekly Forex Update

Hello everyone,    I hope this week has been a good trading week for you.
Our cable pair made some nice moves starting out on monday with 82 pips and closing tuesday out with 142.4 pips heading down and crossing the 200 SMA but rising quite sharply for a retracement reaching a high of 1.5759.    Into Wednesday the pair held a descending accumulation period until we saw some serious volatility with a sharp move down to 1.5652 and then to reverse up to 1.5778 and then reverse again back down and test the same level again at 1.5652 but never breaking through for the day.

Thursdays break down and continued accumulation into Friday below the 200 SMA encourages some strong indication that we're going to headed lower even with Euro Zone G20 meeting going alright and the markets rebounding to this news.  Also looks like the Fed will be printing more cash and getting ready for QE3 to stimulate the economy and get our unemployment back below 8.2%.

Our 5 day average range about 115 pips which is just below Eur/Usd pair range at 133 pips for the week.


have a relaxing weekend!

Gbp/Usd Weekly Forex Update

Well to wrap up this past week with our daily ranges we saw some nice movement on our cable trade on Monday and Tuesday with 120 pips for Monday and 135.4 pips for Tuesday.  The real momentum behind our big mover was what Greece was going to do with their elections and how things were going to turn out.  Long story short,  a new Greek coalition government will be formed after a new democratic party won the elections by a small percentage.   The new coalition does favor a Greek bailout program and Euro zone leaders have agreed to ease terms on Greece in favor of its stability.

So because of the good news and the possibility of brighter days for Greece we saw a very nice move Friday on Gbp/Usd with 255 pips trending to the upside ahead of the weekend.   Which finished out the week at 655 pips and puts us in a 131 pip range headed into next week to watch for.

There is still very good potential to head much lower if we can stay below the 200 SMA and if we see the pair breaking a 3 year line in the charts and moving past the 1.5270 level were very likely for a big move further down.

Have a great trading week!

Gbp/Usd 5 day Daily Range

This week broke out of the 96 pip range our Cable trade has averaged in and saw some serious gains on Friday at around 255 pips just head of the Greece Elections creating some serious volatility in the market with mixed fears about what may happen in the Euro zone.

Our pair averaged this week at 131 pips for the range and should stay in this range going into next week unless we see some serious fall out with the Euro over Greece Elections and could see 2008 market sell offs and allot fear in the markets.   Much is still yet to be seen but still with much movement in the market this creates allot of opportunity to make some extra pips and bring in some extra cash.
Have a great trading week and be smart with your trades!

Gbp/Usd Weekly Forex Review

Hello traders,   this last week wrapped up nicely at a total of 479.4 pips and our 5 day daily average coming in at 96 pips.  On Wed the 6th of June from the 1.5489 level we watched the market makers go on a stop hunt after Longs and fairly quickly drop the market back down to 1.5440 and just as fast reversing it and heading up higher to 1.5515

Since we've maintained above the 200 SMA we've kept a bullish sentiment and continued to see Cable head higher up to 1.5601.  If you had followed the previous week with knowing our daily range at around 133 pips this was a nice little scalp trade on Thursday to sell Gbp/Usd right from 1.5566 (133 pips) from swing low trending up and saw a quick 10-13 pips.

Gbp/Usd Weekly Outlook:

The Bank of England hasn't done much with its worsening economy and much will still have to be seen if we continue to head down.  The big date to watch will be June 17 when Greece votes for a new government.  if things go bad in Greece with this event expect a massive sell off, And Of course, the pound and  all European currencies will be greatly affected, similar to the 2008 collapse.


have a great week!

What to look for in a good FOREX Broker

With so many forex brokers on the market today one would wonder where to begin and what really to look for before making the big decision of signing up and forking over your hard earned cash.   Maybe its not that big of a deal to you but it really should be and let me explain why.

Even today with our technology, apps, smart phones and ipads-  some forex brokers still operate as a dealing desk and take the opposing side of every trade, actually betting against your position hoping to take your cash.  Basically,   it looks like this:  you decide to go Long, Buying the market and your Broker is short now in the market, Selling the market and hoping that he's right and your wrong.  Where it gets more interesting is these guys have the power to move billions of dollars of inventory say in the Dollar or Euro and essentially become a market maker becoming a significant influence in the markets direction just because they have more dollars than you and are taking much bigger positions.

Its much smarter to look for a broker like FXCM.com that is a no dealing desk and essentially is only making the majority of there money off the spreads. (the money that's the difference between the buy and sell of any currency pair).  Now granted this is the majority of the truth but in all reality even FXCM is trading the market but are hedging their positions over the long term instead of the little forex broker that is physically looking at where your Stops and Limits are and are pushing the market with Central Banks and others on a Stop Hunt to take you out of the market and grab your cash.   That leads me to say it is much better for you as a trader to trade with a broker that is very large and has allot of liquidity that can offer lower spreads and doesn't have to go after you the retail forex trader for them to pay their bills.   Also,  if your successful as a trader there less likely of chance you get your account terminated and they ask you leave simply because your making money. The smaller brokers only want accounts their making money off and not the other way around.

Finally,   its good to understand all brokers need you and that even you being a retail forex trader you have the power to cancel your account any time and get your account equity back.  Even at times I've seen an error in their software or online browser plateform error that I recommended a audit and sure enough a good broker should be willing to fix any mistakes and refund your money for that trade or compensate you for a fix in the spreads if there is a legitimate error on there part.   Always stand your ground with your broker and don't be afraid to call them and use there valuable customer support to fix your account, update your contact info or ask them even the most mundane of a question if your new to forex.  Great support is indicative of a very good broker and a absolute must in my book!  If you have additional questions leave a comment.

happy trading!

Gbp/Usd Weekly Forex Review

This week remained bearish on our cable trade with making new lows down to 1.56 level.  We saw our best mover on May 22nd with 103 pips of movement and a total of 388 pips for the week.  Our 5 day daily average on Gbp/Usd coming in at 78pips.  Our most volatile day was Friday, Non-Farm Payroll seeing our jobs report come in at a very disappointing 69,000 jobs, expecting was around 151,000 with our previous numbers for last month at 77,000 jobs.   The market swung violently to this info and taking out the majority of shorts in the market and surprising traders with our market makers (ECB, BIS, China Central Bank, among others) likely buying into this market and moving the market with a firm move to the upside instead of the expected continuation down.

The overall outlook for the Gbp/Usd still looks very bearish and I believe we likely head down if we stay below the 200 SMA.  Even with some bounce to the upside there will more likely be continued strength to sell with a good possibility to see our 2010 lows at the 1.42 level.


ps.   On a side note the USD/JPY market looks very ripe for some good intervention from the Bank of Japan as Monday and Tuesday are UK bank holidays and there would be more bang for your buck with a thin market to do some serious intervention and it go a long way.  So we'll see what happens...

Have a great trading week!

Gbp/Usd Weekly Forex Update

Our cable pair has continued its descent down with a nice bounce from the 1.5727 level on Thursday making it a nice short trade working off the 200 SMA.  On Friday, we've seen allot of manipulation from the maker makers pushing the market from the 1.5661 level up to 1.5687 and pushing the market down to 1.5654 to squeeze the market some and ultimately take out the Longs and pick up some cash from the traders.  Than reversing the direction and heading back up to our high point of resistance for the day at 1.5700.

Our real mover for this Friday was Eur/Usd with heading down to 1.2495 for a nice move at 105pips.
With our Gbp/Usd pair only moving 68 pips to its support level at 1.5632.  If we can stay below the 200 Moving Average I believe we're still looking bearish for the Gbp/Usd.  Remember,  this is memorial day weekend, the majority of major banks are closed on Monday and I wouldn't advise any trading as your spreads could be insane.  Lastly,   look to this friday as June 1 and for Non-Farm Payroll news hitting the wire at 8.30 am EST.

 Be safe,  and Have a great holiday weekend!

Gbp/Usd Big Picture for the week ahead

The last 5 trading days we saw our Cable pair move in an average range of 116pips.  Breaking out of our 68-70pip range from last week and making a solid move to the downside.  We finished the week at 580pips of movement making the Gbp/Usd a good choice to trade among many investors. 

Once we broke the 1.60 level the Gbp has really begun its move down and there's no telling where this is going to go now that we've also broke the 1.5800 level.

Following the 200 day moving average has provided some key resistance even for today with a nice bounce off the 1.5844 level to the downside and some strong selling too.  This is setting up to be some nice shorts on the pair if we can stay below the 200 day SMA and continue down.   Have a great week!

Facebook IPO- Opening day Boom or Bust?

Well with lots of excitement and energy surrounding the Facebook IPO opening today it came with nice pop to the upside at around 11% but gradually loosing steam with shares closing at around $38.23 with the last half hour of everyone on their seat watching. 

Most investors and economist were really hoping for a bigger boom like something to the tune of shares rising 30-50% from the opening, but that simple did not happen, and left allot of room to disappoint concerning the real value of Facebook.

I know the singer Bono doesn't feel this way ever since he owns a 2.3% stake in the company since 2009 and with todays real world value that puts him around $1.5 Billion- 16 times his initial $90 Million investment.  Not a bad deal huh?
I guess only time will tell when the market gives a more accurate reflection of the value of Facebook and what investors are really Ok with paying for their share in the company.   And with a initial IPO price that's more than 100 times historical earnings, compared with Apple 14 times and Google 19 times it leaves you with a bad taste in your mouth and the thought was this too risky of a bet to take?

But only time will tell and numbers don't lie-  so lets wait and see!

have a great weekend everyone and relax.

GBP/USD Past 5 day daily range

Well we saw a nice move on the GBP/USD today.  The Eur/Usd was really the better mover in terms of pips but considering when we look at the last 5 day Daily Range on GBP/USD averaging about 70 pips a day its nice to see the move today at over 100 pips and a nice move to the down side. 

The Gbp has been holding pretty firm as the Euro has weakened and now we're seeing the majority of cash flow back into our safe haven in the almighty "US Dollar".    But because this is happening we've also seen commodities take hit and now Gold sitting at $1542.2 down -0.957% for today.  There is still much to unfold in the Euro zone and with Greece leaving the Euro and even what may happen to the Euro altogether is still up in the air.

Foreclosure Fraud Is On The Rise and finally called a Crime!

The Georgia State Senate has now approved HB 237 that will make foreclosure fraud a crime in Georgia. Well you might be asking what is foreclosure fraud and how does it work? Typically, here in America we are seeing to big to fail Banks and now government institutions like Fannie Mae and Freddie Mac, Bank Of America, and many others actually illegal foreclosure on a home owner without due process and allot of the time actually don't even have the power to do so if the Security deed and Warranty deed are interpreted and read correctly in protecting home owners fundamental rights. more at: http://nationalmortgageprofessional.com/news28891/georgia-state-senate-approves-measure-criminalizing-foreclosure-fraud


The mass over kill with Robo-signing and almost like spam in your mailbox trash of how these mortgages have been handled to push them out as fast as possible, like sending a mass spam e-mail is what's happening also to further the problem. Lately, it has seemed there is no end to the corruption in our financial system that has encouraged these practices and even betting on them to work to line the corporate fat cats with more cash as the bets get larger that distressed home owners will default and will certainly no be able to qualify for a RE-Finanace of their mortgage or restructure on the loan. This is all at the expense of the middle class and another sign we need to return to sound money, and stop monetizing debt and go back to a sold currency actually backed by gold. And not some worthless fiat currency we have today in our US dollar, its only a matter of time when the world will eventually awaken to the fact that America is no longer good on their debts as they continue to print phony money at the federal reserve that inflates our dollar to the real conclusion that our money can't buy anything any more and has no real purchasing power. If we actually read the constitution we would see only Gold and Silver tender was acceptable in any offering for goods or services, but I worry that our media propaganda today will never tell that truth and the system of wheels will keep spinning till eventually this whole mess implodes and falls apart.

The foreclosure mess I believe will worsen and only make matters worse as home values will continue to decline. This will transition the US economy into a deeper recession, possible a depression and take us back like 30-50 years in terms of our GDP to debt ratio, true unemployment rate, and global position in the world as a military giant and super power. I hate to tell the truth when its this dim but unless we see serious and radical fiscal change in America this is ultimately where we are headed. My only hope for someone I believe would bring these types of changes is Ron Paul. But the establishment is scared to death of this man, and too worried about there jobs to care for America's well being. To make matters worse- The media manipulates the truth so well these days the majority of America will vote for whoever there told to vote for, there is no other thought process beyond the commercials and the Super Pacs. Yes its that bad and the politicians know that and will use it to the best of there ability. If Obama is re-elected for a second term in our nation I believe it will mark the day for some grave changes ahead, not for the liberty of America and its citizens but the control of the government to manipulate its people and turn our country into a socialist society. I hate to think it but maybe even a military state where the majority of our rights are taken from us.

Regardless what side of the fence you land on this, the system of bells and whistles we call America can't continue on this path. Even from a pure numbers perspective its not sustainable with about a 16 trillion dollar deficit to keep this going and not even balance our budget. Frankly, our nations GDP will soon not even be able to pay the interest payments on our debts.    So what happens after that?  I know its anyone's guess but I would love to hear your thoughts.