currency trading


A question to professing Christians: Is currency trading a sin?

I have been learning about currency trading for a couple years now. I am planning on investing in the short term, but I am afraid currency trading might be considered usury or something that could be considered sinful. I know Christians who trade or are somewhat involved in trading, but I don’t think I should do as they do only because they are Christians and therefore, right. I do not want to offend God. I hope I can get serious answers. Thank you so much in advance for your help. May God bless you all.

My parents are extremely strict fundamentalist christians and they currency trade….if they do something I guarantee its not a sin or theyd be repenting by now…trust me.

Currency Trading Tips - A Beginner’s Guide to Currency Trading

Currency Trading Tips

I’m certain that you ought to hold heard of currency trading. But do you really understand what it is all about? Currency trading is additionally labeled overseas exchange, Forex, or Fx Trading. It is a form of trading so deals amidst the earth currencies on the international exchange market. Currency Trading Tips

Through cash trading, an investor buys and gives such currencies with the aspiration of making a profit. The currency market is the largest market in the world with a yearly trading volume of some 1.4 trillion dollars, much larger than the typical stock exchange. Since the spreads for trading currency are fairly low, the risk and cost of doing a currency trade is also low. Currency Trading Tips

The currency market is a highly volatile market. That allows more opportunities for a currency trader to achieve huge returns on any given exchange. The currency trading market was once closed to individual or retail investors. The primary players on the market were national central banks, other major banks and financial institutions, and multinational corporations. Even today, individual and retail investors account for a tiny percentage of the overall currency trading volume. This is good for regular people who want a piece of the action in this trillion dollar exchange market. Currency Trading Tips

The thing you need to remember in currency trading is that you want to buy a currency that will appreciate in value against another so you can make a profit. For example, if you think the Euro will go up against the US Dollar, then you can buy Euros and sell them when their value goes up for a profit. But how do you know if a currency will rise in value? Currency Trading Tips

You need to have information on the market, such as knowledge of trends. You can get this kind of information from currency market websites that provide monitoring services on the foreign exchange market activity. To avail of the services, you have to pay a membership fee to join the website, but in most cases you can take advantage of a free trial period. You will also need to have a broker that can carry out currency trades as you instruct. Currency Trading Tips

There are a number of online brokers available, so it is not hard to find one. Currency trading offers a good opportunity for people with extra cash to make a little extra profit in addition to their regular income. Stop what you are doing RIGHT NOW and get your Life Changing Currency Trading Tips Program. It’ll change your Life Forever!

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Goldman Sachs Day

Currency Trading SUMMARY – 15th July (00:30GMT)

U.S. Dollar Trading (USD) continued to weaken as Global stocks rallied after Monday’s rally in US stocks and Goldman Sachs 2nd Quarter results beat even optimistic forecasts and led to the continuation of strong risk appetite, albeit after a major bout of profit taking immediately after the release.

US June Retails Sales at 0.6% vs. 0.4% forecast also added to the rally and strong Intel results after the bell helped give Asia a strong lead going into Wednesday. June PPI at 1.8% vs. 0.9% was very high and helps take pressure off the deflation theory. Crude Oil closed down $0.17 at $59.52 and is starting to decouple from the rest of the markets. In US share markets, S&P ended .79 points ( .53%) at 905.84, NASDAQ ended .52 points ( .36%) at 1799.73 and DOW JONES ended .81 points ( .33%) at 8359.49. Looking ahead, June CPI is forecast at 0.6% vs. 0.1% whilst June Industrial Output is forecast at -0.6% vs. -1.1% m/m previously.

The Euro (EUR) was unable to break convincingly above 1.4000 although had multiple attempts with heavy Central Bank selling discouraging attempts higher. German July Zew Survey fell to 39.5 vs. 48.0 forecast, as Future Economic sentiment slumped. EUR/JPY support in the mid 129 Yen levels help lift the Major back towards 1.4000 into the US close. Overall the EUR/USD traded with a low of 1.3910 and a high of 1.4016 before closing at 1.3985. Looking ahead, June EU Inflation forecast at 0.2% vs. 0.1% m/m.

The Japanese Yen (JPY) was sold aggressively as the market flooded into riskier assets but crosses were volatile as the majors came under bouts of profit taking. Ended the US session as day lows as USD/JPY re-broke above 93.50 on strong Intel results. BOJ meet today the market will be looking to see if the Credit Facility offered by BOJ is extended. Overall the USDJPY traded with a low of 92.70 and a high of 93.79 before closing the day around 93.70 in the New York session. Looking ahead, BOJ rate decision and statement.

The Sterling (GBP) was very strong from the get go as economic data showed the economy was starting to improve. BRC RETAIL SALES .4%m/m in June vs. -0.8% previously. June CPI came in at 1.8% y/y as forecast. GBP/JPY was the big move and the pair also took advantage of the EUR/USD cap at 1.4000 to send EUR/GBP down to week lows. Overall the GBP/USD traded with a low of 1.6277 and a high of 1.6348 before closing the day at 1.6330 in the New York session. Looking ahead, ILO May Unemployment is forecast at 7.4% vs. 7.2%. June Claimant Count is forecast at 40.5K vs. 39.3K previously.

The Australian Dollar (AUD) was the strongest currency yesterday as the beaten down risk currency surged on heavy AUD/JPY buying and strong investor sentiment. Also helping lift the pair was strong Business Confidence which combines well with strong consumer confidence from last week. Ongoing issues with China/Rio are yet to make significant impact on the Aussie. Overall the AUD/USD traded with a low of 0.7812 and a high of 0.7951 before closing the US session at 0.7940.

Gold (XAU) was very well supported and ground higher without much pull back all day. Overall trading with a low of USD$918 and high of USD$928 before ending the New York session at USD$925 an ounce.

TECHNICAL COMMENTARY

Euro – 1.3985

Initial support at 1.3827 (Jun 22 low) followed by 1.3749 (Jun 16 low). Initial resistance is now located at 1.4071 (July 1 high) followed by 1.4201 (Jun 1 high)

Yen – 93.55

Initial support is located at 91.74 (Jul 13 low) followed by 90.52 (76.4 retrace 87.13-101.44). Initial resistance is now at 93.60 (Jul 9 high) followed by 94.89 (Jul 8 high).

Pound – 1.6330

Initial support at 1.5985 (July followed by 1.5803 (Jun 8 low). Initial resistance is now at 1.6380 (Jul 9 high) followed by 1.6546 (Jul 1 high).

Australian Dollar – 0.7940

Initial support at 0.7703 (July 13 low) followed by the 0.7630 (May 19 low). Initial resistance is now at 0.8038 (July 7 high) followed by 0.8155 (Jun 30 high).

Gold – 925

Initial support at 905 (Jul 8 low) followed by 895 (May 6 low). Initial resistance is now at 934 (Jul 3 high) followed by 948 (Jun 26 high).

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

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