Trade Ideas for 03 July 2012

AUD/USD

Buy at 1.0070 to 1.0145, loss stop at 1.0035

GBP/USD

Buy at 1.5580 to 1.5630, loss stop at 1.5540

EUR/USD

Buy at 1.2490 to 1.2540, loss stop at 1.2450

Trade Ideas for 02 July 2012

AUD/USD : 

Buy at 1.0075  to 1.0125,   loss stop at 1.0040

GBP/USD

Buy at 1.5550 to 1.5600, loss stop at 1.5515

EUR/USD

Buy at 1.2525 to 1.2575, loss stop at1.2495

Trade Ideas for Monday 02 July 2012

All traders must be carefull because market is trying to change its trend 

however traders can get profit by submitting loss stops and profit stops

As market get close higher due to which market can move upwards

Analysis for major currencies are coming soon......................




we are busy for better services due to which we loss the past 




few days analysis we are extremely sorry for delay. 

Wellcom to Majorfx ,

                         Dear visitor first of all we have to know that what
          are the major currencies ,the typical question came in
          mind that what is the currency.

1.  Definition of Currency:

                           " Currency is the reflection of the conditions of a   
         country.For example political conditions,economic  
        conditions,law and order situations etc".
                   If a country have better political, economic, and  
        law and order conditions, such kind of conditions have  
       better impact on currency.For example euro zone. If the
       political,economic conditions are not good then the
      currency of that country is lower then other.In this world 
      almost every country have a specific currency.
         Top six countries with their strong currencies are
      America (us dollar),England (GBP),  Japan (JPY),
                      
     France (Swiss franc),Europe (Euro) and Canada (CAD).
                           
 2.     Why we prefer major currencies:
                                                                                                    
                                                    we  prefer major currencies
       
    for trading  because these countries have  better political , 


   economic  and other conditions  then any other country.


 These countries have regular platform and reporting system.


 They announce different reports for economics regularly,


  they are political stable due which we can easily analyse 


  that currencies.It does not mean that we can not trade any

  other currency then major currencies.However when you 


  want to trade any other less known currency then you have

  to focus more time for analysis which is some time quit 


  difficult.For that reason we prefer major currencies.




 3.     Currencies always trade in pairs:


                                        Currencies always  trade


  
in pairs.For example, if you have 100$(us dollar) and you 




want to buy  British  pound  (GBP) then you got the British
  
  
  pounds.if you try to buy US dollar with US dollar it is 




  impossible.In other words you can say that we can not


  trade any single currency.When we trade the currencies we
  


   see following pairs,


                    


  GBP/USD , CHY/USD , JPY/USD , EU/USD ,CAD/USD , 




   AUD/USD.


                   
          Currencies always trade in pairs single and only


  
        one currency can not be trade.