Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.
Difference between Money and Currency explained

Difference between Money and Currency explained

Financial Markets Explained
Money and currency are often interchanged and used loosely. But what is money and what is currency? What are the differences between money and currency? If you were asked, “how much money does it take to buy a car” your typical answer would be, “You can buy the car for $50,000” What you mean by that is that you value your car at 50,000 US dollars. What if the buyer was from Germany? Your German customer will still pay you 50,000 US dollars, but in effect he is paying you €45,454 (at a EURUSD exchange rate of $1.10, or where 1 US dollar is equal to 1.10 euro). As you can see, the money value remains the same, but the currency value changes. Money is therefore a store of value, currency is a form of exchanging this value. What is money? Money is a term that is loosely used and is
Trading with stage analysis, the Stan Weinstein way

Trading with stage analysis, the Stan Weinstein way

Trading Strategies
Stage analysis trading strategy is a relatively popular trend trading strategy that was discussed in detail by Stan Weinstein, in the book, Secrets for Profiting in Bull and Bear markets. While the basic principle of trading with stage analysis is merely following the trend, Stan Weinstein gives a more structural approach to this trading strategy. According to Weinstein, stage analysis uses chart patterns in order to derive the four stages in a security's price. Once the stages are determined, there are specific guidelines that determine when to buy and sell. Stage analysis was initially described for the stock markets, but could very well be used for the forex markets as well. With stage analysis, traders can hold on to positions and helps to enter the trend at a relatively early stage...
Evaluating A Forex Broker

Evaluating A Forex Broker

Trading Articles
For many people who may be considering forex trading for the first time, one of the benefits is that it's considered to be a simpler process than, say, delving into the stock market. The ease of entry into the forex market is sometimes cited as one of its most alluring features. To an extent, this means you can set up an account to trade forex with a relatively small sum, particularly compared to other markets. But it also refers to the relative ease of setting up a portfolio. The misconception, however, is that many interpret "ease of entry" to mean that they can simply go online and buy and sell currencies the way they might do when purchasing a commodity like gold or silver (or even Bitcoin). While some experienced forex traders would argue that trades can be executed in a more hassl...
Salesforce.com (NYSE:CRM) could fall to $66

Salesforce.com (NYSE:CRM) could fall to $66

Technical Analysis
Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00. Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here? Year to date, Salesforce.com’s stock has performed at 4.38%.  Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016). RETURNS AND RECOMMENDATION While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration a
Weekly Currency (Futures) Outlook – Jun 13 – 17

Weekly Currency (Futures) Outlook – Jun 13 – 17

Technical Analysis
Weekly Technical Outlook for the currency and commodity markets. Euro: After falling steadily for nearly four weeks, the euro retraced its gains the week before. However, last week saw prices testing the highs above 1.140 but failed to gain higher. As a result the euro fell, to close the week at $1.1298. The retracement to 1.140 this week marks a correction to the upside and we could anticipate near term weakness to continue. The next key levels to watch out for are 1.120 and 1.10. Resistance: 1.140 Support: 1.120 Sterling: The sterling remains capped within a range with last week showing prices breaking out lower. While the sterling closed Friday at 1.426, a 6-week low. Further downside is likely in the near term, with 1.42 coming in as the initial supp...