Who's Who in Forex: Victor Riesco

Victor RiescoVictor Riesco is a rising star as a financial analyst and professional investor. Victor is from Santiago, Chile and the owner of Global Trader, a brokerage and trading company he established for Chilean investors. GlobalTradingPad.com is Victor's website where he dispenses market commentary and trading and investment recommendations on stocks, indexes, commodities, precious metals and Forex.

Being the owner of Forexturtle affords me the opportunity to meet a lot of people in the Forex business. Victor Riesco is one of the keepers. You can tell from just one visit to his site that he is clear thinking, thorough, and professional. He has understanding of fundamental, technical and intermarket analysis - while most trading professionals tend to lean on their knowledge of just one of those disciplines. This knowledge, combined with his global perspective, uniquely positions Victor as a financial analyst.

So if you are looking for no-hype, no-nonsense trading advice or a live trading room where you can get some hand-holding while you hone your trading skills, you should visit Victor's website, GlobalTradingPad.com, and give him a try.
 

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TurtleVision Trading Workshops About To Launch

TurtleVision Trading WorkshopsWe are about to launch our TurtleVision Trading Workshops later this month. The workshops will be held on Saturday and Wednesday mornings.

Saturday mornings will be a 90-minute live interactive training webinar where we will conduct a top-down analysis on several key currency pairs for the upcoming trading week. You'll learn to understand the market through the prism of price action; how to more accurately determine current market conditions; and how to develop sensible trading plans while keeping a watchful eye on the fundamentals.

On Wednesdays we will follow up on the same currency pairs introduced on the previous Saturday. We will dig a little deeper into the lower timeframes to uncover the live trading opportunities that might exist.

The main focus of both sessions will be to teach price action principles in theory and practice. Saturdays you get the overview and theory and Wednesdays -- the practice.

This workshop is definitely not for novice traders, but if you've been trading for a while and you are familiar with the basics, then it might be what you're looking for if you want to learn:
  • how to use price action to understand the market
  • how to recognize the patterns that bank and hedge fund traders look for
  • how to determine the current market conditions like a pro
  • how to develop trading plans that make sense
  • how to find hidden support and resistance levels professional traders know about but you don't
  • how to utilize fundamentals to enhance your trading success
A couple of things to note. There will be no trading signals; no entry or exit points; no recommendations on what to trade. The objective is to get you to understand how to trade so you can make those decisions on your own.

This will not be your daddy's Forex training session. We're going to move fast and try to cover as much ground as we can. So if this sounds like your cup of tea, check back next week for more details.
 

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Forex Trading Volume Drops for First Time Since 2009

Forex volume down

NEW YORK—Global foreign-exchange trading volume dropped for the first time since the financial crisis, according to data released Monday by four major central banks.

Average daily trading volume in October totaled $3.470 trillion in North America, the U.K., Singapore and Australia, which combined account for most of the world's foreign-exchange activity. That is down from $3.474 trillion in April, according to reports from central banks in the U.S., U.K., Australia and Singapore. It was the first sequential drop in the semiannual survey since April 2009, though volume was still up 15% from a year earlier.

Read the full story at WSJ.

 

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Currency Rankings vs US Dollar for January 2012

Currency rankings

We released our Currencies vs. US Dollar reports this morning. The "Percentage Change vs. US Dollar" displays the percentage of change for seven major currencies against the dollar in graphic format; and "Currency Rankings vs. US Dollar" ranks the world's top 17 currencies' performance against the dollar for the previous month.

The Indian rupee jumped from last to first in currency rankings vs US dollar last month. The rupee, which had lost about 12% of its value against the dollar for the last 6 months, suddenly gained 6.66% against the dollar.

Except for the euro and Thai baht, all of the remaining currencies gained against the dollar during the month.

See the full report at Forexturtle.
 

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Forex News Alerts On Forexturtle

Forexturtle News

We have added a 'News' feature to Forexturtle. The pages are updated every hour with current news and opinion on what's happening in the Forex world.

From the Euro Zone to Asia Pacific, we are providing links to the most current relevant Forex news and commentary.

Custom News SearchWe've organized our news content into several categories including Euro Zone, European Central Bank, Asia Pacific, US Dollar, and Forex Company news. We've also added a section for 'Movers & Shakers', devoted to keeping an eye on the leaders who are shaping the world's economy.

Our section on 'Currencies' also presents information from diverse sources affecting each of the major currencies.

As always, you can do your own custom news search on each of our news pages. Just enter your criteria in the 'search' bar and get video, blog, and news matching your search criteria.

We will be adding more categories over the next couple of weeks, so come back often to check our progress.

Check out our 'News' feature.
 

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