FXPRIMUS' Mario Sant Singh Answers Your Top Forex Questions: Hurricane Sandy Notwithstanding

FXPRIMUS Director of Education & Training looks at news-related and Forex trading questions

Marketwired

EBENE, MAURITIUS--(Marketwire - Oct 31, 2012) - Going into the start of November, traders'' risk sentiment has been hurt by Hurricane Sandy, with the New York Stock Exchange (NYSE) and the U.S. stock and options markets closed. The disaster, together with the uncertainty of the Euro Zone, triggered a "safer mode" across the broad market at the end of October. See the latest market developments in Mario''s Daily Market Report articles.

Notwithstanding the Hurricane hitting the U.S. East Coast, leading global foreign exchange trader, educator and author Mario Sant Singh, looked at GBPUSD bearishness, Spanish debt and the Euro, Australian unemployment, negative correlation on the EURUSD and USDCHF, and trading strategies, in his AskMarioSingh.com blog, "Your toughest Forex Questions answered daily".

He also addressed traders'' questions on how to craft a trading plan, how to calculate risk-reward ratio, and when to enter a trade. "Ten essential elements of a trading plan include a daily trading routine, market news and events for fundamental analysis, chart time frames and entry & exit criteria and analysis for a technical view," said Mario. "Successful traders also need to put in place, strategies for various market conditions, currency pairs to trade and pairs to avoid, market and mental conditions to stop trading, and amount to risk per trade."

Taking a long view on the USD, Mario said "I expect the USD to decline further in value in the long term which will have an inverse effect on the prices of commodities. This means that I expect the price of commodities to soar in future," he said.

Click here to read this week''s Market Brief of the Week, which also keeps traders up to date.

The views of Mario Sant Singh - who is Director or Training & Education at FXPRIMUS, are widely sought after in the Forex industry. His popular blog, his weekly market webinar, his briefs and reports provide direct channels for some of the best-informed educational resources that new and experienced traders can access to improve their knowledge of Forex and related investment markets.

During October, the top ten Forex trading questions (click the links for the answers) were:

1. Do you think the bearish run of GBPUSD will end soon?

2. Is there a correlation between Forex and the Dow Jones / Standard & Poor''s (S&P)?

3. If Spain asks for a bailout, will the Euro drop? What does it mean when Spain''s debt rating was cut to BBB- from BBB+?

4. Can you make some sense of the Australian Employment Change and Unemployment rate?

5. What are your thoughts on moving investments from the US to non-Euro countries?

6. How are the EURUSD and USDCHF negatively correlated and how does this knowledge help me plan a trade?

7. How do I calculate risk-reward ratio?

8. I use Parabolic SAR, the Stochastic Oscillator, Moving Average Convergence/Divergence (MACD), etc. Could you please advise me on what I am lacking?

9. As a new trader, how do I craft a trading plan and start my first trade?

10. When is the best time to enter a position at the support or resistance level? Should it be 10 pips before or after it passes support levels?

Have a new question for Mario? Then ask him online at AskMarioSingh.com, and sign up to receive Mario''s Forex Answer of the Day, by email.

ABOUT MARIO SANT SINGH

Mario Singh is the Director of Trading & Education at global retail Forex brokerage FXPRIMUS. He has appeared as a guest expert on CNBC more than 35 times to talk about foreign exchange markets, and is a regular contributor to top investment publications and online portals. Known as a brilliant and intense communicator with a unique ability to ''keep Forex simple'' and a mission to help every man-in-the-street to trade profitably and responsibly in the Forex market, more than 20,000 people have attended his Forex trading programs. He is the only Forex trader in Asia invited to train Julius Baer Private Bankers - the third largest Swiss Bank, and is the author of the forthcoming book: How to Profit in the Forex Market: 17 Proven Strategies (Wiley Publishing).

ABOUT FXPRIMUS

FXPRIMUS offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents FXPRIMUS combines an unmatched level of fund safety with regular independent audits of company financials and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, ISO 27001 certification in Information Security and an industry-leading trader toolset that includes free access to powerful trader tools and personal coaching via FXPRIMUS Coach FXPRIMUS truly is The Safest Place To Trade.

Contact:
FXPRIMUS
Kevin De Silva
Director of Marketing
kevin@fxprimus.com

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