History of the Forex Market
by Andrew Daigle
Money, in one form or another, has been used by man for centuries. At first it was mainly gold or silver coins. Goods were traded versus other goods or against gold. So, the price of gold got a reference point. But as the trading of goods grew among nations, moving quantities of gold around places to settle payments of trade became cumbersome, risky and time consuming. Therefore, a system was sought by which the payment of trades could be resolved in the seller's local currency. But how much of buyer's local currency should be equal to the seller's local currency?
The answer was simple. The strength of a country's currency depended on the amount of gold reserves the country preserved. So, if country A's gold reserves are double the gold reserves of country B, country A's currency will be twice in value when exchanged with the currency of country B. During the first World War, in order to meet the tremendous financing needs, paper money was created in quantities that far exceeded the gold reserves.
After the cease of World War II the western allied powers tried to resolve the problem at the Bretton Woods Conference in New Hampshire in 1944. In the first three weeks of July 1944, delegates from 45 nations gathered at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The delegates gathered to discuss the postwar recovery of Europe as well as a number of monetary issues, such as unstable exchange rates and protectionist trade policies. In the early 1940s, the United States and Great Britain developed proposals for the creation of new international financial institutions that would stabilize exchange rates and promote international trade.
The delegates at Bretton Woods arrived at an agreement known as the Bretton Woods Agreement to establish a postwar international monetary system of convertible currencies, fixed exchange rates and free trade. To help these objectives, the agreement created two international institutions: the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (the World Bank). The aim was to render economic aid for reconstruction of postwar Europe. An initial loan of $250 million to France in 1947 was the World Bank's first act.
Under the Bretton Woods Exchange System, the currencies of active nations could be changed into the US dollar at a fixed rate, and foreign central banks could change the US dollar into gold at a fixed rate. It was similar to forex trading.
The United States, under President Nixon, retaliated in 1971 by devaluing the dollar and pushing realignment of currencies with the dollar. The heading European economies tried to counter the US move by adjusting their currencies in narrow band and then float jointly against the US dollar.
Fortunately, this currency war did not last long and by the first half of the 1970's heading world economies gave up the fixed exchange rate system for good and floated their currencies in the exposed market. The idea was to let the market determine the value of a given currency based on the demand and supply of the currency and the economic wellness of the currency's nation, it sown the forex trading. This market is popularly known as the International Monetary Market or IMM. This IMM is not a single entity. It is the collection of all financial institutions that have any concern in foreign currencies, all over the world. Banks, Brokerages, Fund Managers, Government Central Banks and sometimes individuals, are just a few examples.
Although the currency's value is dependent on the market forces, the central banks still try to keep their currency in a predefined (and highly confidential) fluctuation band as a part of their forex trading strategies. They achieve this by taking several steps.
วันจันทร์ที่ 31 ธันวาคม พ.ศ. 2550
Forex Education - No Trading Experience, 2 Weeks Training to Millions In Profit
Forex Education - No Trading Experience, 2 Weeks Training to Millions In Profit
by kelly Price
This story is about a famous experiment in 1983, when trading legend Richard Dennis wanted to prove anyone could learn to trade so he taught a group of people who had never traded before then set them off to trade - the result? They made $100 million in 4 years. There is a lot you can learn from this story and use in your own forex education.
The turtle experiment proved ANYONE can become a successful trader, with the right Forex education and everything about trading can be specifically learned by anyone with the desire to succeed.
This is Of course true - but still 95% of traders lose their money and the turtle experiment can give you an insight into why and how you can enjoy currency trading success.
The Experiment
The people Dennis selected represented a variety of different people of all ages, both sexes and from all walks of life including:
An actor, security guard, a couple of professional card players, an auditor, a boy fresh from school and a female exchange clerk - so a diverse group of people!
They then went on to make annualized 70% returns and make $100 million and many went on to become trading legends.
Dennis taught a Trend Following simple trading methodology - but also the confidence and the discipline to follow it through periods of drawdown, to long term currency trading success.
What You Can learn
The reason most forex traders fail is simply they cannot adopt the right mindset to succeed. Having a sound method is only part of the equation for success - you must have the confidence and the discipline to follow your system through draw down periods to win longer term.
If you can't follow your method with discipline, you really have no method at all.
Dennis proved that a simple system that traders could understand, applied with discipline, could lead anyone to success and he was proved right.
This logic of course still applies today.
The way to make money in forex trading is based upon the following:
A Simple Logical Method + Understanding of It = Confidence = Discipline = Forex Success.
Most traders however use methods that are not logical with good examples being day trading or scientific methods, or they follow someone else.
Of course if you use a method that's not logical you stand no chance but if you try and follow someone else without believing or testing their logic you will fail as well.
You are going to get losses (don't let anyone tell you won't) and its here the correct mindset is so important your discipline is based on confidence and you need this to stick with your method.
Discipline is vital to success and this is based upon inner knowledge and understanding.
The turtle experiment is part of trading history, the story should act as inspiration to anyone who wants to learn currency trading and enjoy currency trading success. It imspired me to start my trading career 25 years ago and has inspired countless traders over the years, as it shows that anyone has the oportunity to achieve success if they learn the right knoweledge.
If you understand the above then you to could become a successful trader and make the income you desire from trading global forex markets.
by kelly Price
This story is about a famous experiment in 1983, when trading legend Richard Dennis wanted to prove anyone could learn to trade so he taught a group of people who had never traded before then set them off to trade - the result? They made $100 million in 4 years. There is a lot you can learn from this story and use in your own forex education.
The turtle experiment proved ANYONE can become a successful trader, with the right Forex education and everything about trading can be specifically learned by anyone with the desire to succeed.
This is Of course true - but still 95% of traders lose their money and the turtle experiment can give you an insight into why and how you can enjoy currency trading success.
The Experiment
The people Dennis selected represented a variety of different people of all ages, both sexes and from all walks of life including:
An actor, security guard, a couple of professional card players, an auditor, a boy fresh from school and a female exchange clerk - so a diverse group of people!
They then went on to make annualized 70% returns and make $100 million and many went on to become trading legends.
Dennis taught a Trend Following simple trading methodology - but also the confidence and the discipline to follow it through periods of drawdown, to long term currency trading success.
What You Can learn
The reason most forex traders fail is simply they cannot adopt the right mindset to succeed. Having a sound method is only part of the equation for success - you must have the confidence and the discipline to follow your system through draw down periods to win longer term.
If you can't follow your method with discipline, you really have no method at all.
Dennis proved that a simple system that traders could understand, applied with discipline, could lead anyone to success and he was proved right.
This logic of course still applies today.
The way to make money in forex trading is based upon the following:
A Simple Logical Method + Understanding of It = Confidence = Discipline = Forex Success.
Most traders however use methods that are not logical with good examples being day trading or scientific methods, or they follow someone else.
Of course if you use a method that's not logical you stand no chance but if you try and follow someone else without believing or testing their logic you will fail as well.
You are going to get losses (don't let anyone tell you won't) and its here the correct mindset is so important your discipline is based on confidence and you need this to stick with your method.
Discipline is vital to success and this is based upon inner knowledge and understanding.
The turtle experiment is part of trading history, the story should act as inspiration to anyone who wants to learn currency trading and enjoy currency trading success. It imspired me to start my trading career 25 years ago and has inspired countless traders over the years, as it shows that anyone has the oportunity to achieve success if they learn the right knoweledge.
If you understand the above then you to could become a successful trader and make the income you desire from trading global forex markets.
Forex Day Trading - Why You Will Never Make Money Day Trading
Forex Day Trading - Why You Will Never Make Money Day Trading
by kelly Price
Long term you won't make money if you try forex day trading, as you can never get the odds in your favor however more traders try day trading than perhaps any other method. Let's look at why it can never work - yet still remains so popular.
Day trading doesn't work simply because all short term volatility is random and prices can and do go anywhere in a day session. If you try and use support and resistance you are going to lose - because volatility is random and these levels are of no use whatsoever - this should be obvious to anyone - but forex day traders don't see it.
You have millions of traders trading trillions of dollars and to say you can measure what this huge mass of people are going to do in a short period of time is absolute nonsense.
So why is day trading so popular?
Quite simply it's a good story and appeals to greedy and naïve investors who are duped by marketing companies selling day trading systems, with track records that show amazing profits but they all have a problem - none of them have track records that are real, they are all simulated knowing the closing prices!
How hard is that?
Anyone would be a millionaire if they knew tomorrows price today - but forex trading is a bit more difficult. When you see a track record of amazing gains look at the small print and you will normally see a disclaimer like this standard CFTC one
"cftc rule 4.41 - hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Put the above disclaimer on a track record and a vendor can say anything they want and of course they do. These track records never lose in hindsight but of course in the brutal world of real trading they get destroyed.
Day traders think that by trading within a day they reduce risk - but of course there is no point in have a small risk to your stop if you have a high probability of it being hit!
Day traders get lots of small losses that simply eat into and destroy their equity.
If their lucky enough to get a profit, they take it quickly which of course breaks the fundamental rule of trading - run your profits, to cover your inevitable losses.
Day traders lose and wonder why but the reason is obvious - they simply can't get the odds in their favor - PERIOD
The Way To Win If you want to win at forex trading you must get the odds in your favor and this means using reliable data. If you like the excitement of trading try forex swing trading, if you are more patient try long term trend following.
Both the above will allow you to trade the odds and enjoy currency trading success so try these methods and do not try forex day trading.
by kelly Price
Long term you won't make money if you try forex day trading, as you can never get the odds in your favor however more traders try day trading than perhaps any other method. Let's look at why it can never work - yet still remains so popular.
Day trading doesn't work simply because all short term volatility is random and prices can and do go anywhere in a day session. If you try and use support and resistance you are going to lose - because volatility is random and these levels are of no use whatsoever - this should be obvious to anyone - but forex day traders don't see it.
You have millions of traders trading trillions of dollars and to say you can measure what this huge mass of people are going to do in a short period of time is absolute nonsense.
So why is day trading so popular?
Quite simply it's a good story and appeals to greedy and naïve investors who are duped by marketing companies selling day trading systems, with track records that show amazing profits but they all have a problem - none of them have track records that are real, they are all simulated knowing the closing prices!
How hard is that?
Anyone would be a millionaire if they knew tomorrows price today - but forex trading is a bit more difficult. When you see a track record of amazing gains look at the small print and you will normally see a disclaimer like this standard CFTC one
"cftc rule 4.41 - hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Put the above disclaimer on a track record and a vendor can say anything they want and of course they do. These track records never lose in hindsight but of course in the brutal world of real trading they get destroyed.
Day traders think that by trading within a day they reduce risk - but of course there is no point in have a small risk to your stop if you have a high probability of it being hit!
Day traders get lots of small losses that simply eat into and destroy their equity.
If their lucky enough to get a profit, they take it quickly which of course breaks the fundamental rule of trading - run your profits, to cover your inevitable losses.
Day traders lose and wonder why but the reason is obvious - they simply can't get the odds in their favor - PERIOD
The Way To Win If you want to win at forex trading you must get the odds in your favor and this means using reliable data. If you like the excitement of trading try forex swing trading, if you are more patient try long term trend following.
Both the above will allow you to trade the odds and enjoy currency trading success so try these methods and do not try forex day trading.
Forex Trading - 6 Character Traits That Cause 95% Of Traders To Lose
Forex Trading - 6 Character Traits That Cause 95% Of Traders To Lose
by kelly Price
Forex trading is all about having the right method but also the right attitude. Here we will look at 10 character traits that the losing 95% of traders have and if you want to enjoy currency trading success you need to avoid them.
Here they are in no particular order of importance.
1. I am not responsible
A symbol of losers - they think success will come with no effort on their behalf and blame everyone else for their failure from the tip they got from friend, newswire or broker, to the market being against them.
These people make up a surprising amount of the losing majority and they fail to see that no one can give them success but themselves. Instead of seeing this they do the following.
2. I Like to take expert advice
If you do be very careful as most of the people who put themselves out as experts on the net are anything but - their marketing companies and have never traded in their lives.
Again a vast amount of traders buy systems with unbelievable track records and then are surprised when they fail in real time (they never look at the disclaimer that says the track record is a simulation and not real). If something looks to good to be true it probably is and this is very true in forex trading.
If you follow an expert and have not done your homework on the logic they base their views on, then you are unlikely to have the confidence to follow their method with discipline when it hits a losing period.
If you don't follow a method with discipline then you have no method at all.
3. I don't like being wrong
Well in forex trading your going to be wrong a lot of the time, as only you can be wrong and the market price is always right - no matter what you or I think. Most traders hate taking a loss and looking stupid but the markets do that to everyone and even the best traders lose at times.
If you try and argue with the price and justify your position, you will run up losses and lose and your emotions will take over.
4. I deserve to win I am smart
I have met some very clever people in forex trading and the majority of them lose - if you think that being smart helps you then it won't.
In forex trading you get paid for being right with your trading signal that's it and it's a fact that the best forex trading systems are simple.
They work far better than complicated ones as they have fewer elements to break.
Clever people tend to over elaborate their trading and think the more they put in the more they get out but this does not apply in forex trading.
If you want to make money keep it simple and remember forex trading is probably 20% method and 80% mindset.
5. I am not a patient person
If you are an anxious or nervous person then you are unlikely to win at forex trading. You need patience to wait for the right opportunities and you need patience to hold positions through short term volatility to bigger profits.
If you are an anxious trader you will probably let your emotions get the better of you trade too much, engage in revenge trading etc and lose.
There of course other losing traits but the above are very common ones and hold anyone of them and you will lose.
Forex trading is not hard to learn anyone can do it but most fail because they don't realize that correct mindset is the key to success. To be successful at forex trading you need to rely on yourself, have a deep understanding of why your method works, so you can have the confidence to apply it with discipline.
If you understand the above you can avoid these common losing traits and get a mindset for forex trading success.
by kelly Price
Forex trading is all about having the right method but also the right attitude. Here we will look at 10 character traits that the losing 95% of traders have and if you want to enjoy currency trading success you need to avoid them.
Here they are in no particular order of importance.
1. I am not responsible
A symbol of losers - they think success will come with no effort on their behalf and blame everyone else for their failure from the tip they got from friend, newswire or broker, to the market being against them.
These people make up a surprising amount of the losing majority and they fail to see that no one can give them success but themselves. Instead of seeing this they do the following.
2. I Like to take expert advice
If you do be very careful as most of the people who put themselves out as experts on the net are anything but - their marketing companies and have never traded in their lives.
Again a vast amount of traders buy systems with unbelievable track records and then are surprised when they fail in real time (they never look at the disclaimer that says the track record is a simulation and not real). If something looks to good to be true it probably is and this is very true in forex trading.
If you follow an expert and have not done your homework on the logic they base their views on, then you are unlikely to have the confidence to follow their method with discipline when it hits a losing period.
If you don't follow a method with discipline then you have no method at all.
3. I don't like being wrong
Well in forex trading your going to be wrong a lot of the time, as only you can be wrong and the market price is always right - no matter what you or I think. Most traders hate taking a loss and looking stupid but the markets do that to everyone and even the best traders lose at times.
If you try and argue with the price and justify your position, you will run up losses and lose and your emotions will take over.
4. I deserve to win I am smart
I have met some very clever people in forex trading and the majority of them lose - if you think that being smart helps you then it won't.
In forex trading you get paid for being right with your trading signal that's it and it's a fact that the best forex trading systems are simple.
They work far better than complicated ones as they have fewer elements to break.
Clever people tend to over elaborate their trading and think the more they put in the more they get out but this does not apply in forex trading.
If you want to make money keep it simple and remember forex trading is probably 20% method and 80% mindset.
5. I am not a patient person
If you are an anxious or nervous person then you are unlikely to win at forex trading. You need patience to wait for the right opportunities and you need patience to hold positions through short term volatility to bigger profits.
If you are an anxious trader you will probably let your emotions get the better of you trade too much, engage in revenge trading etc and lose.
There of course other losing traits but the above are very common ones and hold anyone of them and you will lose.
Forex trading is not hard to learn anyone can do it but most fail because they don't realize that correct mindset is the key to success. To be successful at forex trading you need to rely on yourself, have a deep understanding of why your method works, so you can have the confidence to apply it with discipline.
If you understand the above you can avoid these common losing traits and get a mindset for forex trading success.
วันเสาร์ที่ 29 ธันวาคม พ.ศ. 2550
All About A Forex Quote
All About A Forex Quote
by Joon Trader
Forex Trading - All about a Forex Quote. The word FOREX is derived from the words "FOReign EXchange. Unlike other financial market in the world, Forex is open 24 hours every day where there is always a major financial center open where banks, dealers, hedge funds, corporations, individual investors and speculators are trading currencies.
The cumulative buy and sell of a currency causes the value of your Forex investment to move either up or down. There are numerous factors that cause the fluctuation of exchange rate. A country's political, social and fundamental economic environment and their central banks fiscal policy, interest rate adjustment are some of the common factors. To have a better understanding how the currency exchange rate can affect the value of your Forex investment, this article will concentrate on the topic of Forex Quote.
Currencies are traded in pairs and each currency has its own symbol. For the Euro dollar- it is EUR, Japanese Yen - it is JPY, for the Pounds Sterling - it is GBP, and for the Swiss Franc - it is CHF. Hence, EUR/USD would be Euro-Dollar pair. GBP/USD would be pounds Sterling-Dollar pair and USD/CHF would be Dollar-Swiss Franc pair and so on and so forth.
You will always see the USD quoted first with few exceptions such as Pounds Sterling, Euro Dollar, Australia Dollar (AUD) and New Zealand Dollar (NZD. The first currency quoted is called the base currency. This is not surprising as the U.S. dollar is regarded as the central currency of the Forex market and is involved in nearly 90% of all Forex transactions.
So how are these currency pairs quoted on the Forex market? You will see two numbers on all Forex quotes. The first number is called the bid and the second is known as the offer (or the ASK) price. Take for instance EURUSD, you will see 1.4625/1.4630. The first quote of 1.4625 is the bid price, the price where traders are prepared to buy Euro against the USD Dollar. The second number 1.4630 is the offer or ask price and it is the price traders are prepared to sell the Euro against the US Dollar. You will notice that there is a difference between the bid and the offer price. This difference is known as the spread. Based on the previous EUR/USD quote, you know that 1 Euro is equal 1.4625 US dollar.
The way profit is measured of a currency is by "pips" or point. PIP is the acronym for price interest point. If the EUR/USD moves from 1.4625 to 1.4655 that is 50 pips. A pip or 0.001 is the last decimal place of a currency quotation with the exception of the Japanese Yen and Yen cross rates. A price movement for the USD/JPY from 111.10 to 111.60 will be 50 pips.
The objective and goal for all Forex Traders are to profit from foreign currency movements. The rewards of trading Forex are immense and the amount of money you can earn can be life changing and ultimately leads you to achieve financial freedom. This requires continuous and adequate understanding and training in Forex education. This education may include understanding technical analysis, chart pattern and formation, trade management such as stop loss and profit target and money management. And if you invest and get the right Forex Trading knowledge, you can enjoy long term currency trading success.
by Joon Trader
Forex Trading - All about a Forex Quote. The word FOREX is derived from the words "FOReign EXchange. Unlike other financial market in the world, Forex is open 24 hours every day where there is always a major financial center open where banks, dealers, hedge funds, corporations, individual investors and speculators are trading currencies.
The cumulative buy and sell of a currency causes the value of your Forex investment to move either up or down. There are numerous factors that cause the fluctuation of exchange rate. A country's political, social and fundamental economic environment and their central banks fiscal policy, interest rate adjustment are some of the common factors. To have a better understanding how the currency exchange rate can affect the value of your Forex investment, this article will concentrate on the topic of Forex Quote.
Currencies are traded in pairs and each currency has its own symbol. For the Euro dollar- it is EUR, Japanese Yen - it is JPY, for the Pounds Sterling - it is GBP, and for the Swiss Franc - it is CHF. Hence, EUR/USD would be Euro-Dollar pair. GBP/USD would be pounds Sterling-Dollar pair and USD/CHF would be Dollar-Swiss Franc pair and so on and so forth.
You will always see the USD quoted first with few exceptions such as Pounds Sterling, Euro Dollar, Australia Dollar (AUD) and New Zealand Dollar (NZD. The first currency quoted is called the base currency. This is not surprising as the U.S. dollar is regarded as the central currency of the Forex market and is involved in nearly 90% of all Forex transactions.
So how are these currency pairs quoted on the Forex market? You will see two numbers on all Forex quotes. The first number is called the bid and the second is known as the offer (or the ASK) price. Take for instance EURUSD, you will see 1.4625/1.4630. The first quote of 1.4625 is the bid price, the price where traders are prepared to buy Euro against the USD Dollar. The second number 1.4630 is the offer or ask price and it is the price traders are prepared to sell the Euro against the US Dollar. You will notice that there is a difference between the bid and the offer price. This difference is known as the spread. Based on the previous EUR/USD quote, you know that 1 Euro is equal 1.4625 US dollar.
The way profit is measured of a currency is by "pips" or point. PIP is the acronym for price interest point. If the EUR/USD moves from 1.4625 to 1.4655 that is 50 pips. A pip or 0.001 is the last decimal place of a currency quotation with the exception of the Japanese Yen and Yen cross rates. A price movement for the USD/JPY from 111.10 to 111.60 will be 50 pips.
The objective and goal for all Forex Traders are to profit from foreign currency movements. The rewards of trading Forex are immense and the amount of money you can earn can be life changing and ultimately leads you to achieve financial freedom. This requires continuous and adequate understanding and training in Forex education. This education may include understanding technical analysis, chart pattern and formation, trade management such as stop loss and profit target and money management. And if you invest and get the right Forex Trading knowledge, you can enjoy long term currency trading success.
Forex Education - Sceintific Theories and Predicting Forex Prices Forex Education - Sceintific Theories and Predicting Forex Prices
Forex Education - Sceintific Theories and Predicting Forex Prices
by kelly price
Many forex traders think that prices move to a scientific theory and that they have to predict to win at forex trading but this is one of the biggest trading myths and will ensure you lose. Read on and find out why and learn a better way to guarantee currency trading success.
The myth that forex prices move to a scientific theory has been spread by vendors who sell predictive trading systems that they say will make a trader rich and they appeal to greedy or naïve traders.
Of course they don't work - why?
If prices could be predicted with scientific accuracy we would all know the price in advance and there would be no market!
Markets move because they are uncertain.
Of course if somebody really had found a scientific theory, they would be to busy making money to sell it to you.
Predicting forex prices is simply another word for hoping or guessing and if you base your forex trading strategy on that you don't have one!
Famous Scientific Theories that Don't Work
There are lots of scientific theories and many are based around the Fibonacci number sequence (which was actually devised to solve a problem to do with the copulation of rabbits in the 12th century) this is not to insult Fibonacci who was a brilliant thinker - but even he would be surprised at how his theory has been hijacked by the far out investment community.
Also in the hall of fame is Elliot and his Wave Theory (lets ignore the fact he died a pauper) and look at his trading system.
There is nothing scientific about the theory.
It's all subjective! If a theory is scientific it should be by definition objective.
Finally we have Gann and natural law - well if he knew how the markets moved why did he lose all his money and have to sell courses to make a living?
None of the theories are scientific.
They appeal to the lazy, naïve and the far out crowd, who love them.
The problem is they don't know the scientific theory of market movement and no one does - because there isn't one.
Let's get in the real word and focus on making money with a forex trading system based upon sensible logic
The Good News!
The good news is that human nature is constant and you can spot repetitive price patterns that can be traded for profit. You won't win every trade - but if you trade the right set ups and execute your trading signal at the right time, you can win longer term.
Forex trading is simply a game of odds but that doesn't mean you can't win - you can and the rewards can be huge.
Trade The Reality and The Odds
The best way to trade forex markets is to use forex charts and look and act upon the reality of price change. A trader who uses technical analysis doesn't care how or why the markets move, he is just wants to make profits when they do.
If you are looking for a level to hold or break wait for confirmation that it has first and go with the trend. Don't anticipate - wait until you see the reality and then execute your trading signal.
So if you want to learn forex trading the right way and get good forex education, understand that trading is a game of odds not certainties - but if you learn to trade them you can make a lot of money.
by kelly price
Many forex traders think that prices move to a scientific theory and that they have to predict to win at forex trading but this is one of the biggest trading myths and will ensure you lose. Read on and find out why and learn a better way to guarantee currency trading success.
The myth that forex prices move to a scientific theory has been spread by vendors who sell predictive trading systems that they say will make a trader rich and they appeal to greedy or naïve traders.
Of course they don't work - why?
If prices could be predicted with scientific accuracy we would all know the price in advance and there would be no market!
Markets move because they are uncertain.
Of course if somebody really had found a scientific theory, they would be to busy making money to sell it to you.
Predicting forex prices is simply another word for hoping or guessing and if you base your forex trading strategy on that you don't have one!
Famous Scientific Theories that Don't Work
There are lots of scientific theories and many are based around the Fibonacci number sequence (which was actually devised to solve a problem to do with the copulation of rabbits in the 12th century) this is not to insult Fibonacci who was a brilliant thinker - but even he would be surprised at how his theory has been hijacked by the far out investment community.
Also in the hall of fame is Elliot and his Wave Theory (lets ignore the fact he died a pauper) and look at his trading system.
There is nothing scientific about the theory.
It's all subjective! If a theory is scientific it should be by definition objective.
Finally we have Gann and natural law - well if he knew how the markets moved why did he lose all his money and have to sell courses to make a living?
None of the theories are scientific.
They appeal to the lazy, naïve and the far out crowd, who love them.
The problem is they don't know the scientific theory of market movement and no one does - because there isn't one.
Let's get in the real word and focus on making money with a forex trading system based upon sensible logic
The Good News!
The good news is that human nature is constant and you can spot repetitive price patterns that can be traded for profit. You won't win every trade - but if you trade the right set ups and execute your trading signal at the right time, you can win longer term.
Forex trading is simply a game of odds but that doesn't mean you can't win - you can and the rewards can be huge.
Trade The Reality and The Odds
The best way to trade forex markets is to use forex charts and look and act upon the reality of price change. A trader who uses technical analysis doesn't care how or why the markets move, he is just wants to make profits when they do.
If you are looking for a level to hold or break wait for confirmation that it has first and go with the trend. Don't anticipate - wait until you see the reality and then execute your trading signal.
So if you want to learn forex trading the right way and get good forex education, understand that trading is a game of odds not certainties - but if you learn to trade them you can make a lot of money.
Learn Forex Trading - This Equation Could Make You Rich
Learn Forex Trading - This Equation Could Make You Rich
by kelly price
If you want to learn forex trading, then you need to understand the equation enclosed (most traders don't) if you do and can see its significance, then you can enjoy long term currency trading success so here it is:
Fundamentals + Investor Perception = Price
Now that simple! But consider its significance and understand that most traders don't, because they base their forex trading strategies on the following forex myths:
- Following the breaking news stories is a great way to make money
- Day trading limits risk and can be rewarding. - Forex prices can be predicted.
- Markets move to a scientific theory.
Believe any of the above and you will lose and lose quickly.
Let's take a look at the equation in more detail.
We all know the supply and demand situation affects the price but it's not the fundamentals that are important it is the way humans perceive them.
We all have the same facts to look at but we all decide what they mean in our own way, with the emotions of greed and fear controlling the bulk of traders.
Try and trade news stories and you are simply seeing a story nothing more and if traders got rich trading the news there would be a lot more traders who make money.
Day trading works of course it doesn't - the time span is to short how can you possibly predict what millions of traders will do in a few hours? - You can't.
Forex prices cant be predicted either, as that's just another word for hoping or guessing and you wont make any money doing that and this is linked to the fact there is no scientific theory of market movement. If there were, we would all know the price in advance and there would be no market.
What you really need to understand regarding the above equation is:
Forex trading is chaotic but you can win if you trade the odds.
It's a fact that traders throughout history push prices too far - this is trader psychology at work. Short term price spikes never last for long and their easy to see on a forex chart and their tradable for profit for savvy traders who can spot them.
Certain chart patterns reflect human psychology, if you can learn to spot them and trade them you can trade the odds and win.
You simply react to the reality of price change and go with the trends - no hoping or guessing just trading the reality of price.
If you use charts you can you see the fundamentals as well as the trader psychology.
All a forex chartist does is assume that all fundamentals are immediately reflected in price action and in today's world of instant communications that's truer than ever before - but forex charts give you something more.
You get to see how the participants perceive the fundamentals and its humans that determine the price.
If you have read this article and understood it you will see the common myths that most traders fall for and lose and a better way to win.
Think about the above equation and what we have said here and you will have a valuable piece of forex education which can set you on the road to learning forex trading the right way and help you enjoy long term currency trading success.
by kelly price
If you want to learn forex trading, then you need to understand the equation enclosed (most traders don't) if you do and can see its significance, then you can enjoy long term currency trading success so here it is:
Fundamentals + Investor Perception = Price
Now that simple! But consider its significance and understand that most traders don't, because they base their forex trading strategies on the following forex myths:
- Following the breaking news stories is a great way to make money
- Day trading limits risk and can be rewarding. - Forex prices can be predicted.
- Markets move to a scientific theory.
Believe any of the above and you will lose and lose quickly.
Let's take a look at the equation in more detail.
We all know the supply and demand situation affects the price but it's not the fundamentals that are important it is the way humans perceive them.
We all have the same facts to look at but we all decide what they mean in our own way, with the emotions of greed and fear controlling the bulk of traders.
Try and trade news stories and you are simply seeing a story nothing more and if traders got rich trading the news there would be a lot more traders who make money.
Day trading works of course it doesn't - the time span is to short how can you possibly predict what millions of traders will do in a few hours? - You can't.
Forex prices cant be predicted either, as that's just another word for hoping or guessing and you wont make any money doing that and this is linked to the fact there is no scientific theory of market movement. If there were, we would all know the price in advance and there would be no market.
What you really need to understand regarding the above equation is:
Forex trading is chaotic but you can win if you trade the odds.
It's a fact that traders throughout history push prices too far - this is trader psychology at work. Short term price spikes never last for long and their easy to see on a forex chart and their tradable for profit for savvy traders who can spot them.
Certain chart patterns reflect human psychology, if you can learn to spot them and trade them you can trade the odds and win.
You simply react to the reality of price change and go with the trends - no hoping or guessing just trading the reality of price.
If you use charts you can you see the fundamentals as well as the trader psychology.
All a forex chartist does is assume that all fundamentals are immediately reflected in price action and in today's world of instant communications that's truer than ever before - but forex charts give you something more.
You get to see how the participants perceive the fundamentals and its humans that determine the price.
If you have read this article and understood it you will see the common myths that most traders fall for and lose and a better way to win.
Think about the above equation and what we have said here and you will have a valuable piece of forex education which can set you on the road to learning forex trading the right way and help you enjoy long term currency trading success.
Mini FOREX trading
Mini FOREX trading
by Han Ming
Open an online FOREX trading account first before considering of betting big if you're a beginner. FOREX trading is risky if you don't have enough experience. If your intention is to get some experience and not interested in making big investment yet, you can start by investing $50 - $100 first and see how it goes. Starting to trade with such small amounts is the best way to get familiar with FOREX marketplace. It is much better than operating 'DEMO' accounts, where you're not really risking your money and there are no return at all using 'DEMO' accounts.
You can start an online FOREX trading account and some website let you start from as little as $50. Do not laugh - mini accounts are a good ways to get your feet wet without taking a bath. Also, mini FOREX trading does not suffer the illiquidity of many futures mini-contracts, as everyone feeds from the same currency "pool". Not only that, you can start trading in less than 5 minutes. You can immediately register, deposit the margins of the deal and start running.
Mini accounts are a great way to get started and test your basic trading expertise. Trading with small amounts is much more telling than paper trading. Remember to choose a FOREX trading platform with competitive spreads. This way will save your FOREX trading costs. It can be as low as 5 pips, depending on how much money you want to trade.
I would want to give a few tips before you start an online FOREX trading account. By nature everyone is emotionally attached to their money. Since you're trading with funds, you must cultivate an attitude of emotional detachment from your FOREX trading account. Otherwise, each sour trade will infest you with stress, worry and fear. Just be calm when you trade and you can do much better.
by Han Ming
Open an online FOREX trading account first before considering of betting big if you're a beginner. FOREX trading is risky if you don't have enough experience. If your intention is to get some experience and not interested in making big investment yet, you can start by investing $50 - $100 first and see how it goes. Starting to trade with such small amounts is the best way to get familiar with FOREX marketplace. It is much better than operating 'DEMO' accounts, where you're not really risking your money and there are no return at all using 'DEMO' accounts.
You can start an online FOREX trading account and some website let you start from as little as $50. Do not laugh - mini accounts are a good ways to get your feet wet without taking a bath. Also, mini FOREX trading does not suffer the illiquidity of many futures mini-contracts, as everyone feeds from the same currency "pool". Not only that, you can start trading in less than 5 minutes. You can immediately register, deposit the margins of the deal and start running.
Mini accounts are a great way to get started and test your basic trading expertise. Trading with small amounts is much more telling than paper trading. Remember to choose a FOREX trading platform with competitive spreads. This way will save your FOREX trading costs. It can be as low as 5 pips, depending on how much money you want to trade.
I would want to give a few tips before you start an online FOREX trading account. By nature everyone is emotionally attached to their money. Since you're trading with funds, you must cultivate an attitude of emotional detachment from your FOREX trading account. Otherwise, each sour trade will infest you with stress, worry and fear. Just be calm when you trade and you can do much better.
Forex Killer Strategy - Join The Forex Trading Elite
Forex Killer Strategy - Join The Forex Trading Elite
by Peter C Johnson
A true forex killer strategy will involve minimizing risk through the medium term trade, predicting trends and acting upon them with precise timing. If you can do all these things, you will be well on your way to becoming a forex killer. This is something new traders fail to realise- many use statistical data up to a point, but in the end base their trades on emotion and instinct- this is a sure-fire rote to failure in foreign exchange.
There is oftentimes bad press about the currency trading market- that by and large only the big players can really compete. Governments and large financial institutions such as banks do indeed make the majority of the profits, and have the greatest influence on market swings, however there are a lot of individual traders (spectators) who consistently make thousands of dollars trading foreign currency. It is not rocket science; however there are certainly some fundamentals that set them apart from those that fail.
Here are some key skills of the elite forex trader's
1) Favor The Medium Term Trade
It has been shown time and time again that by favoring the medium term trade you effectively minimize risk, and increase the chances of consistent profits. Think of it this way, you are better off making consistent small wins as opposed to large win's and large losses. As Justin Kuepper, contributor to Investopedia.com suggests favouring a medium term trade will “help you save money and ultimately become a profitable retail forex trader.
2) Predict Trends
Foreign exchange, unlike the stock market is a relatively small playing field (4 main currencies and 34 second tier currencies). The beauty of this is that it makes it easier and faster to interpret past market data and make educated decision's based on fact rather than instinct, There is no doubt that the most successful trader's use some form of forex trading software. Such platforms allow user's to efficiently read market signals and know when to act upon them for the greatest chance of profit, and the smallest amount of risk- this is effectively a true forex killer system. If you can efficiently manage the statistical data on the foreign exchange market, you are well on your way to success.
Click HERE To Learn More About The Unbelievable Forex Killer System
3) Act Upon Trends With Precise Timing
It is all good and well to have access to statistical data, but reading it and knowing when to buy and sell is another thing. Unless you are super experienced, again forex trading software will be the best place to start.
Conclusion
If you are serious about succeeding in currency trading, and being amongst the forex trading elite you need to favour medium term trades, be able to interpret and predict trends and act upon them with precise timing. If you can do these things, and ensure you never base a decision on emotion or instinct you will have the greatest chance of making massive profits in forex.
by Peter C Johnson
A true forex killer strategy will involve minimizing risk through the medium term trade, predicting trends and acting upon them with precise timing. If you can do all these things, you will be well on your way to becoming a forex killer. This is something new traders fail to realise- many use statistical data up to a point, but in the end base their trades on emotion and instinct- this is a sure-fire rote to failure in foreign exchange.
There is oftentimes bad press about the currency trading market- that by and large only the big players can really compete. Governments and large financial institutions such as banks do indeed make the majority of the profits, and have the greatest influence on market swings, however there are a lot of individual traders (spectators) who consistently make thousands of dollars trading foreign currency. It is not rocket science; however there are certainly some fundamentals that set them apart from those that fail.
Here are some key skills of the elite forex trader's
1) Favor The Medium Term Trade
It has been shown time and time again that by favoring the medium term trade you effectively minimize risk, and increase the chances of consistent profits. Think of it this way, you are better off making consistent small wins as opposed to large win's and large losses. As Justin Kuepper, contributor to Investopedia.com suggests favouring a medium term trade will “help you save money and ultimately become a profitable retail forex trader.
2) Predict Trends
Foreign exchange, unlike the stock market is a relatively small playing field (4 main currencies and 34 second tier currencies). The beauty of this is that it makes it easier and faster to interpret past market data and make educated decision's based on fact rather than instinct, There is no doubt that the most successful trader's use some form of forex trading software. Such platforms allow user's to efficiently read market signals and know when to act upon them for the greatest chance of profit, and the smallest amount of risk- this is effectively a true forex killer system. If you can efficiently manage the statistical data on the foreign exchange market, you are well on your way to success.
Click HERE To Learn More About The Unbelievable Forex Killer System
3) Act Upon Trends With Precise Timing
It is all good and well to have access to statistical data, but reading it and knowing when to buy and sell is another thing. Unless you are super experienced, again forex trading software will be the best place to start.
Conclusion
If you are serious about succeeding in currency trading, and being amongst the forex trading elite you need to favour medium term trades, be able to interpret and predict trends and act upon them with precise timing. If you can do these things, and ensure you never base a decision on emotion or instinct you will have the greatest chance of making massive profits in forex.
วันศุกร์ที่ 21 ธันวาคม พ.ศ. 2550
Commodity forex online trading
Commodity forex online trading
by Nick Schultz
Whenever we go to a store to buy a product, there is always something in return the shop keeper expects from us. This is how it works in most businesses and this is the case of forex as well, where there is what is called the commodity online forex trading. Any product used for commercial purpose is called a commodity and there are markets where these are traded and profits are earned by smart investors. Currency is a commodity, and so are bonds, metals, livestock and even grains or oil. Since the sale of these fetch a huge profit , which adds to the income of the state or country, they are all fitted into this category. For a person to trade in these, it is not enough if he monitors the market trend, but he must also watch the business inflow and outflow of that country. This is because if more business is made on the metal industry, the price of those commodities is bound to increase with a spurt in demand and this in turn will be a wise option to invest on. The same way, if business prospects look good for energy industry, one must go with that and make the decision and pull out if there is a slump in this particular arena.
There are some investors who agree to do a future forex trade on a certain commodity when they know that a new deal is about to signed on that commodity with the country. At times one can make a profit simply by agreeing to trade at a future date and price irrespective of the market trends. So it is not wise to simply stay focused on the market trends in case of these products but it is necessary to just go with the flow. If a person makes a sale today, he is expected to deliver the goods or commodities after a week only, and in that time if the prices fall, he can buy them back at that price. This way he makes a profit as the sale price will be more than the purchase price. Such is the world of commodity forex online trading. Since there are numerous websites offering online shopping and sell their products online, interested people can use these facilities to leverage their time and money and make a break for them to more easily get into the market.
In commodity forex online trading, the investor is the king and he is the one who decides the price of the commodities. There are several brokerage firms too that have come up to help the investors make a deal on any of the available products. One can open accounts with them and begin trading on these items and make a lucky pot of gold provided they make a timely decision. Some wise investors will also insist on spot trading which means the purchase or sale needs to take place instantly and they get their money right away. This saves them from undue losses and gives them a good head start on the market, so it is very important for a person to stay alert.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
by Nick Schultz
Whenever we go to a store to buy a product, there is always something in return the shop keeper expects from us. This is how it works in most businesses and this is the case of forex as well, where there is what is called the commodity online forex trading. Any product used for commercial purpose is called a commodity and there are markets where these are traded and profits are earned by smart investors. Currency is a commodity, and so are bonds, metals, livestock and even grains or oil. Since the sale of these fetch a huge profit , which adds to the income of the state or country, they are all fitted into this category. For a person to trade in these, it is not enough if he monitors the market trend, but he must also watch the business inflow and outflow of that country. This is because if more business is made on the metal industry, the price of those commodities is bound to increase with a spurt in demand and this in turn will be a wise option to invest on. The same way, if business prospects look good for energy industry, one must go with that and make the decision and pull out if there is a slump in this particular arena.
There are some investors who agree to do a future forex trade on a certain commodity when they know that a new deal is about to signed on that commodity with the country. At times one can make a profit simply by agreeing to trade at a future date and price irrespective of the market trends. So it is not wise to simply stay focused on the market trends in case of these products but it is necessary to just go with the flow. If a person makes a sale today, he is expected to deliver the goods or commodities after a week only, and in that time if the prices fall, he can buy them back at that price. This way he makes a profit as the sale price will be more than the purchase price. Such is the world of commodity forex online trading. Since there are numerous websites offering online shopping and sell their products online, interested people can use these facilities to leverage their time and money and make a break for them to more easily get into the market.
In commodity forex online trading, the investor is the king and he is the one who decides the price of the commodities. There are several brokerage firms too that have come up to help the investors make a deal on any of the available products. One can open accounts with them and begin trading on these items and make a lucky pot of gold provided they make a timely decision. Some wise investors will also insist on spot trading which means the purchase or sale needs to take place instantly and they get their money right away. This saves them from undue losses and gives them a good head start on the market, so it is very important for a person to stay alert.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
Genuine online trading forex
Genuine online trading forex
by Nick Schultz
When a person is interested in getting some learning off the online trading course, they believe everything mentioned there and register for the course. Some even pay hundreds of dollars hoping they will soon be making more money trading in foreign exchange. And these days, since people do not have time for different classes, they take the easy way out and get on the Internet looking for some interesting courses, which they hope will also be insightful. The genuine online trading forex options are many, but one needs to spend some amount of time on the available sites, reading through their information and understanding their terms. This will also give the user an idea of which are the sites to be relied upon and which of them are scams. There might be many that offer to make a person rich overnight by trading in forex if they follow the guidelines mentioned, but these might only be little if any help. So, in order to save time and money from going to waste, it is wise to do some groundwork before hand.
A genuine online trading forex system will be one that is simple, very informative and to the point. The user should be able to comprehend the instructions and tips mentioned in it to benefit from them. These authentic sites will give insights into reading a technical analysis report, and how to calculate the risk percentage or how to spread the risk by investing in many markets in one shot. It should also talk about the various indicators such as Pivot point, Fibonacci, and EMA, which will enable the person to watch for different signals. They must also be taught about the time factor and why it is crucial to make right decisions quickly and pull out when the market looks like it is going to dip.
The genuine online forex trading will give demonstrations on how a foreign exchange trade transaction is carried out, which will help the user to get a grip on how serious it really is. If an overview of all this is only mentioned, then the trading program is not worth it nor will it be of any use to you either now or later. Instead of giving a list of all that is involved in a foreign exchange trade, it should also give you inputs on each of the factors and topics. There are no simple answers to problems arising in forex trade, and so if the book or site seems to give answers, then you need to be careful before blindly following them. This is a investment where one needs plenty of experience to get a hold of the market and to go with the flow. Till then one needs to keep experimenting with small amounts and watch how their money doubles or gets converted into another currency and what their actual earnings are at the end of the day. One wrong move and you could incur heavy losses which would force to you withdraw from this trade for fear of more losses, and after that, only a few novice investors will return.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
by Nick Schultz
When a person is interested in getting some learning off the online trading course, they believe everything mentioned there and register for the course. Some even pay hundreds of dollars hoping they will soon be making more money trading in foreign exchange. And these days, since people do not have time for different classes, they take the easy way out and get on the Internet looking for some interesting courses, which they hope will also be insightful. The genuine online trading forex options are many, but one needs to spend some amount of time on the available sites, reading through their information and understanding their terms. This will also give the user an idea of which are the sites to be relied upon and which of them are scams. There might be many that offer to make a person rich overnight by trading in forex if they follow the guidelines mentioned, but these might only be little if any help. So, in order to save time and money from going to waste, it is wise to do some groundwork before hand.
A genuine online trading forex system will be one that is simple, very informative and to the point. The user should be able to comprehend the instructions and tips mentioned in it to benefit from them. These authentic sites will give insights into reading a technical analysis report, and how to calculate the risk percentage or how to spread the risk by investing in many markets in one shot. It should also talk about the various indicators such as Pivot point, Fibonacci, and EMA, which will enable the person to watch for different signals. They must also be taught about the time factor and why it is crucial to make right decisions quickly and pull out when the market looks like it is going to dip.
The genuine online forex trading will give demonstrations on how a foreign exchange trade transaction is carried out, which will help the user to get a grip on how serious it really is. If an overview of all this is only mentioned, then the trading program is not worth it nor will it be of any use to you either now or later. Instead of giving a list of all that is involved in a foreign exchange trade, it should also give you inputs on each of the factors and topics. There are no simple answers to problems arising in forex trade, and so if the book or site seems to give answers, then you need to be careful before blindly following them. This is a investment where one needs plenty of experience to get a hold of the market and to go with the flow. Till then one needs to keep experimenting with small amounts and watch how their money doubles or gets converted into another currency and what their actual earnings are at the end of the day. One wrong move and you could incur heavy losses which would force to you withdraw from this trade for fear of more losses, and after that, only a few novice investors will return.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
Free online forex trading course
Free online forex trading course
by Nick Schultz
Learning something new is always a cumbersome process, and if one is expected to sit in a classroom for hours on end, it makes the subject uninteresting. In today's world, where everything is done in record time and people have no time to mull over things, the Internet has been the best invention, and the most useful. There are many websites that offer courses on every possible topic and area. There are some sites that are already offering Free online forex trading courses. To learn a course online means you have to download the study material, and spending time learning on your own. And most of these courses charge a fee for the material and the guidance they provide. However, there are some that give you the same free of charge. Before enrolling in one of these it is essential to read through their terms and conditions to make sure there are no catches or hidden agenda. Some sites insist that the person finish the course and make their first investments with the company. In which case, they will have an agreement, that needs to be accepted before entering the course. Be wary of those that make false promises that you will become rich overnight.
The Free online forex trading course should give the participant a full understanding of how the foreign exchange trade works. The history of the same and what is really means so that they get a good foundation and can get further learning on their own then they normally would. Also the details pertaining the various terms used, the trading hours, and how a trade can be made. The different styles of trading and the platforms available for a person to make their sale or purchase and why timing is an essential factor. If these areas are covered, then the person can practice on their own and understand the intricate details involved in this. How one should go about opening an account and what a mini account is are among other topics to be discussed. And if the person has any queries or doubts, they must be able to mail or contact the company or website to clarify any questions that they may have.
Only if a person is aware of the risk involved and the kind of losses that they could incur, will they be careful enough about the money they invest. They must also be educated on the factors causing fluctuations in the currency rates. And when someone registers with different free online forex trading programs they must check on whether it is a certified course or not. This will help them in situations where they want to pursue this as a business instead of just as an investor. Some of the websites go a little further in assisting their members, they provide periodical updates and quotes on a daily or weekly basis. This helps the members keep watch over the changes and understand how the system operates. If at the end of the course, the member has learnt something and is able to trade confidently, then the course has been definitely worth it.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
by Nick Schultz
Learning something new is always a cumbersome process, and if one is expected to sit in a classroom for hours on end, it makes the subject uninteresting. In today's world, where everything is done in record time and people have no time to mull over things, the Internet has been the best invention, and the most useful. There are many websites that offer courses on every possible topic and area. There are some sites that are already offering Free online forex trading courses. To learn a course online means you have to download the study material, and spending time learning on your own. And most of these courses charge a fee for the material and the guidance they provide. However, there are some that give you the same free of charge. Before enrolling in one of these it is essential to read through their terms and conditions to make sure there are no catches or hidden agenda. Some sites insist that the person finish the course and make their first investments with the company. In which case, they will have an agreement, that needs to be accepted before entering the course. Be wary of those that make false promises that you will become rich overnight.
The Free online forex trading course should give the participant a full understanding of how the foreign exchange trade works. The history of the same and what is really means so that they get a good foundation and can get further learning on their own then they normally would. Also the details pertaining the various terms used, the trading hours, and how a trade can be made. The different styles of trading and the platforms available for a person to make their sale or purchase and why timing is an essential factor. If these areas are covered, then the person can practice on their own and understand the intricate details involved in this. How one should go about opening an account and what a mini account is are among other topics to be discussed. And if the person has any queries or doubts, they must be able to mail or contact the company or website to clarify any questions that they may have.
Only if a person is aware of the risk involved and the kind of losses that they could incur, will they be careful enough about the money they invest. They must also be educated on the factors causing fluctuations in the currency rates. And when someone registers with different free online forex trading programs they must check on whether it is a certified course or not. This will help them in situations where they want to pursue this as a business instead of just as an investor. Some of the websites go a little further in assisting their members, they provide periodical updates and quotes on a daily or weekly basis. This helps the members keep watch over the changes and understand how the system operates. If at the end of the course, the member has learnt something and is able to trade confidently, then the course has been definitely worth it.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
Business forex online trading
Business forex online trading
by Nick Schultz
Foreign exchange is where people from various countries trade in currency belonging to other countries. This is similar to stock trading but very different from it as well in the sense that there are no specific office or clearing houses where money is traded and rates are fixed. If a person has been working for a couple of years, he would have saved up enough for the future and might want to invest the rest. Among the top options for investment, of which forex trading is one, the business forex online trading is today has made life so much more effortless for all involved. Through the online medium, people can get in touch with traders in other parts of the world, in a country of their choice and place their orders. Today there are many who carry out Forex as a business and not just as an investment venue. They help other prospective investors make the right choice and help them in trading on forex. Not only do they provide assistance to new investors, but they themselves invest in the foreign exchange using a lot of analysis and data.
The business forex online trading is where the investor plans ahead of time, and decides on a strategy before making the investment. The forex industry is said to be the most volatile but the most liquid of the investment venues available to companies. While carrying out online trading, the investors also have the flexibility to speed up the process by sending across emails within minutes of receiving updates on the currency rates. Or they might be tracking the market trend and if they feel the timing is right, they can make the purchase right away. They even have Java based platforms through which investors can keep track of all their investments and get regular updates. The only thing required from the investor is that they need to create an account with the website before they start trading. And most of them maintain not one but two sites, one they use for trial and learning purposes, while the other is for regular trading.
It is normal for a person to incur losses during their initial investments but with practice they will master the art of following trends. And once they have set their feet firmly in the ground there is no turning back. The worldwide web offers plenty of options through which one can spend less time than before but double their earnings. All they need to do is follow the rules of business forex online trading to assess each of the currencies and play based on the reports generated periodically. This will not only yield them high returns but also help them reduce the risk factor with every investment made. And while dealing online, they can make buy or sell decisions all 24 hours of the day as someone somewhere is still up and trading in the foreign exchange. Even while they are sleeping, they might earn about 100 pips through the exchange because the other country might be awake doing business.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
by Nick Schultz
Foreign exchange is where people from various countries trade in currency belonging to other countries. This is similar to stock trading but very different from it as well in the sense that there are no specific office or clearing houses where money is traded and rates are fixed. If a person has been working for a couple of years, he would have saved up enough for the future and might want to invest the rest. Among the top options for investment, of which forex trading is one, the business forex online trading is today has made life so much more effortless for all involved. Through the online medium, people can get in touch with traders in other parts of the world, in a country of their choice and place their orders. Today there are many who carry out Forex as a business and not just as an investment venue. They help other prospective investors make the right choice and help them in trading on forex. Not only do they provide assistance to new investors, but they themselves invest in the foreign exchange using a lot of analysis and data.
The business forex online trading is where the investor plans ahead of time, and decides on a strategy before making the investment. The forex industry is said to be the most volatile but the most liquid of the investment venues available to companies. While carrying out online trading, the investors also have the flexibility to speed up the process by sending across emails within minutes of receiving updates on the currency rates. Or they might be tracking the market trend and if they feel the timing is right, they can make the purchase right away. They even have Java based platforms through which investors can keep track of all their investments and get regular updates. The only thing required from the investor is that they need to create an account with the website before they start trading. And most of them maintain not one but two sites, one they use for trial and learning purposes, while the other is for regular trading.
It is normal for a person to incur losses during their initial investments but with practice they will master the art of following trends. And once they have set their feet firmly in the ground there is no turning back. The worldwide web offers plenty of options through which one can spend less time than before but double their earnings. All they need to do is follow the rules of business forex online trading to assess each of the currencies and play based on the reports generated periodically. This will not only yield them high returns but also help them reduce the risk factor with every investment made. And while dealing online, they can make buy or sell decisions all 24 hours of the day as someone somewhere is still up and trading in the foreign exchange. Even while they are sleeping, they might earn about 100 pips through the exchange because the other country might be awake doing business.
Nick Schultz is a Forex Trading expert who recently developed an eCourse that details a step by step process for success Forex investing. If you are interested in learning more about his "9 Steps to Better Forex Investing" eCourse and learning how to make greater profits from your Forex Trading, please go here right now! : http://www.forexinvestingcourse.com
Forex Trading Strategy - A 3 Step Method for Success
Forex Trading Strategy - A 3 Step Method for Success
by kelly Price
Here we will outline a simple way to make money with a forex strategy anyone can learn and apply in a few days and it works. Let's look at this forex trading strategy in more detail.
First things first
The key to currency trading success is a simple robust method combined with discipline.
If you don't understand how and why your method works you will NOT be able to apply it - that's why you have to learn it yourself.
Currency trading success comes from within.
Now how do you trade?
1. Methodology
The first point is you need a simple robust method - simple systems work far better than complicated ones as there are fewer elements to break.
The best system to use is a breakout system, based upon support and resistance and confirmed by momentum.
2. A Forex Trading System
How should your system work?
Firstly, forget all about the idea of buying low or selling high it doesn't work in the real world of forex trading - the best way to trade is to buy breakouts to new highs or lows. Most big trends start from these breakouts and the odds are in your favour.
Trade breaks of valid resistance (the more test the better) and if possible in two different time frames spaced by weeks or months and the more periods the better.
When a break occurs you want to go with it. How do you decide?
You look at forex price momentum.
If you don't know about momentum indicators are, now is the time to start.
Get one or two you like - we favour the RSI and stochastic and you can look them up in our other articles.
If price momentum supports the move you are not guessing or hoping the move will continue - you are trading the confirmation.
Stop is then below the breakout point.
That's nice and simple then and it is - but breakout logic is timeless; most traders want to wait for pullback but on the big moves they don't come and their left missing the move - don't make the same mistake.
If momentum supports the break execute your trading signal on your forex chart and go with it.
Money Management & Discipline
You are only trading valid breaks of support or resistance and these normally lead to big trends so you keep your stop back - Do not trail too soon. When you do, make sure you keep your stop outside of normal daily volatility.
This system is based upon breakout methodology which works and is easy to understand.
You can also see why the bulk of traders don't do it.
You have to buy highs or sell a low which requires discipline - but if you want to make money and you have confidence in your forex trading system, then you will do it.
The fact is if you want to succeed remember this equation:
Robust simple system + Applied with discipline = forex success
You need both to come together in your forex trading strategy, to enjoy currency trading success.
It may be simple but that doesn't mean it doesn't work - it does. Furthermore, it should only take 30 minutes a day or less to apply and execute.
Forex traders constantly want to predict (this means hoping or guessing ) and lose, they also want to buy low or sell high - but this is not possible and also if you do it, your not trading high odds trades. A simple breakout system, you understand and can apply with discipline works best.
Try basing your forex trading strategy around the above and you could win big at forex trading
by kelly Price
Here we will outline a simple way to make money with a forex strategy anyone can learn and apply in a few days and it works. Let's look at this forex trading strategy in more detail.
First things first
The key to currency trading success is a simple robust method combined with discipline.
If you don't understand how and why your method works you will NOT be able to apply it - that's why you have to learn it yourself.
Currency trading success comes from within.
Now how do you trade?
1. Methodology
The first point is you need a simple robust method - simple systems work far better than complicated ones as there are fewer elements to break.
The best system to use is a breakout system, based upon support and resistance and confirmed by momentum.
2. A Forex Trading System
How should your system work?
Firstly, forget all about the idea of buying low or selling high it doesn't work in the real world of forex trading - the best way to trade is to buy breakouts to new highs or lows. Most big trends start from these breakouts and the odds are in your favour.
Trade breaks of valid resistance (the more test the better) and if possible in two different time frames spaced by weeks or months and the more periods the better.
When a break occurs you want to go with it. How do you decide?
You look at forex price momentum.
If you don't know about momentum indicators are, now is the time to start.
Get one or two you like - we favour the RSI and stochastic and you can look them up in our other articles.
If price momentum supports the move you are not guessing or hoping the move will continue - you are trading the confirmation.
Stop is then below the breakout point.
That's nice and simple then and it is - but breakout logic is timeless; most traders want to wait for pullback but on the big moves they don't come and their left missing the move - don't make the same mistake.
If momentum supports the break execute your trading signal on your forex chart and go with it.
Money Management & Discipline
You are only trading valid breaks of support or resistance and these normally lead to big trends so you keep your stop back - Do not trail too soon. When you do, make sure you keep your stop outside of normal daily volatility.
This system is based upon breakout methodology which works and is easy to understand.
You can also see why the bulk of traders don't do it.
You have to buy highs or sell a low which requires discipline - but if you want to make money and you have confidence in your forex trading system, then you will do it.
The fact is if you want to succeed remember this equation:
Robust simple system + Applied with discipline = forex success
You need both to come together in your forex trading strategy, to enjoy currency trading success.
It may be simple but that doesn't mean it doesn't work - it does. Furthermore, it should only take 30 minutes a day or less to apply and execute.
Forex traders constantly want to predict (this means hoping or guessing ) and lose, they also want to buy low or sell high - but this is not possible and also if you do it, your not trading high odds trades. A simple breakout system, you understand and can apply with discipline works best.
Try basing your forex trading strategy around the above and you could win big at forex trading
Forex Trading Systems - Are Computers Better Than Humans?
Forex Trading Systems - Are Computers Better Than Humans?
by kelly Price
Can you really make money by following a computerized forex trading system? Well a while ago I bought one and knew the vendor and knew one of his clients made $1.4 million with it REAL MONEY in just a few years. Now that sounds great - but there is a catch with computerized trading systems ...
The catch is executing them - let me explain this in more detail.
I bought the system and it consisted of one parameter and that was it. The logic was easy to understand and you could see why it worked longer term - but do you know what?
I couldn't execute the system in line with the signals and this is a common problem.
My reason was it was at the start of my trading career and I was trading money I couldn't really afford to lose - I put my own input in ruined the system and got my reward - a huge loss.
Serves you right you may say and yes it did - but there are other related problems why traders lose.
Most of the Systems Sold Are Junk
I know now with my experience of trading 99% are junk and will never re produce the gains they make on track records presented - Why?
Well at least on the one I traded had a real time track record - but most sold today, are by marketing companies who simulate in hindsight a track record - well we can all do that knowing the closing prices!
They are normally based upon rules that are not revealed, or rules that have been curve fitted (if you don't know what curve fitting is look up my other articles) and the trader who thinks he will get rich for a few hundred bucks or so gets wiped out - lesson learned.
To trade a system, you really need to look for a real time track record but even with this, you face a problem:
Drawdown
Drawdown is the problem with any system. Those losses on paper, don't hurt like they do when you lose real time.
If you are following a forex trading system always assume the worst drawdown is ahead (and very few good ones drawdown by less than 30%) so, when studying the track record, don't look at average drawdown, look at worst peak to valley drawdown in amount and period of recovery and accept that's going to happen - that way things can only get better.
Following the markets
If you follow a purely mechanical trading system don't watch the news!
Whilst we know its wrong and reflects the herd, when your trading system opposes those sensible news stories, you have a problem of discipline and believe me, those news stories can frighten the hell out of you and make you feel dumb for following even the best systems.
Pay to much attention and you are tempted to interfere with the system and that means the end of your system.
Following mechanical trading systems is hard and you must be disciplined at all times.
You need to ignore the news, accept drawdown cheerfully and understand the system logic and ideally to instil confidence, have a real time track record, to know the system has at least worked and is based upon sound logic.
If you can do the above, then mechanical systems are a great way to make money.
If you cant, then you should devise your own with as much human input as necessary, to make you feel comfortable.
The system I traded on and lost, won for many people and its logic is timeless - but I made no money with it which taught me one of the biggest lessons of my Forex trading career.
by kelly Price
Can you really make money by following a computerized forex trading system? Well a while ago I bought one and knew the vendor and knew one of his clients made $1.4 million with it REAL MONEY in just a few years. Now that sounds great - but there is a catch with computerized trading systems ...
The catch is executing them - let me explain this in more detail.
I bought the system and it consisted of one parameter and that was it. The logic was easy to understand and you could see why it worked longer term - but do you know what?
I couldn't execute the system in line with the signals and this is a common problem.
My reason was it was at the start of my trading career and I was trading money I couldn't really afford to lose - I put my own input in ruined the system and got my reward - a huge loss.
Serves you right you may say and yes it did - but there are other related problems why traders lose.
Most of the Systems Sold Are Junk
I know now with my experience of trading 99% are junk and will never re produce the gains they make on track records presented - Why?
Well at least on the one I traded had a real time track record - but most sold today, are by marketing companies who simulate in hindsight a track record - well we can all do that knowing the closing prices!
They are normally based upon rules that are not revealed, or rules that have been curve fitted (if you don't know what curve fitting is look up my other articles) and the trader who thinks he will get rich for a few hundred bucks or so gets wiped out - lesson learned.
To trade a system, you really need to look for a real time track record but even with this, you face a problem:
Drawdown
Drawdown is the problem with any system. Those losses on paper, don't hurt like they do when you lose real time.
If you are following a forex trading system always assume the worst drawdown is ahead (and very few good ones drawdown by less than 30%) so, when studying the track record, don't look at average drawdown, look at worst peak to valley drawdown in amount and period of recovery and accept that's going to happen - that way things can only get better.
Following the markets
If you follow a purely mechanical trading system don't watch the news!
Whilst we know its wrong and reflects the herd, when your trading system opposes those sensible news stories, you have a problem of discipline and believe me, those news stories can frighten the hell out of you and make you feel dumb for following even the best systems.
Pay to much attention and you are tempted to interfere with the system and that means the end of your system.
Following mechanical trading systems is hard and you must be disciplined at all times.
You need to ignore the news, accept drawdown cheerfully and understand the system logic and ideally to instil confidence, have a real time track record, to know the system has at least worked and is based upon sound logic.
If you can do the above, then mechanical systems are a great way to make money.
If you cant, then you should devise your own with as much human input as necessary, to make you feel comfortable.
The system I traded on and lost, won for many people and its logic is timeless - but I made no money with it which taught me one of the biggest lessons of my Forex trading career.
Forex Trading Success - Catching Big High Reward Low Risk Turning Points
Forex Trading Success - Catching Big High Reward Low Risk Turning Points
by Monica Hendrix
For the savvy forex trader the best opportunities are at big market turning points. Although the majority never spot them they offer the highest reward and the lowest risk and if you can spot them you can enjoy forex trading success.
A market (any financial market not just currency trading) moves to this equation
Market Fundamentals + Human Perception = Price
It's a fact that humans are not creatures of logic but of greed and fear and they always push prices to far up or down away from the fundamentals and then prices return to more realistic values.
All short term, accelerated price spikes in forex trading are short lived and prices tend to turn when the fundamentals are most bullish or bearish and that has been true since the start of trading.
The majority of losing forex traders get caught at these turning points (95%) and the savvy pros make a killing - so how do you spot these changes and enjoy currency trading success?
They can be seen on any forex chart and if you have the right technical tools you can act on them and get your market timing right and execute a great contrary trade.
Here are some clues on how to spot these turning points.
Watch for a forex trend that is moving quickly and accelerating upwards, moving based upon bullish or bearish news that says there is no end in sight.
Bollinger Bands
Next watch for high volatility and a great way to spot this is a price at the outer Bollinger Bands or beyond it.
Now you can be alert for a trend change.
You don't predict you wait for confirmation and check 3 other indicators (all the indicators here are discussed in our other articles so look them up)
Look for the ADX Line to be above 40 combined with RSI in overbought territory.
Now Confirm Your Trading Signal
To trigger the move, watch for a stochastic reading to cross down with bearish divergence (in a bull market) or up with bullish divergence (in a bear market), to trigger a sell from overbought or oversold levels.
This set up is even better if it has been preceded by an ADX signal turning down from above 40.
Trading Price Momentum Divergence
The above tools if used in the above way, in a forex trading system, on strong bull or bear markets, will help you catch a counter trend as the bullish or bearish news peaks and momentum diverges with price.
With a little practice you will never miss a big turning point again also, the more volatile and exaggerated the move the better!
100% + Profits
These are what I call the 10:1 trades and they will normally see the amount of potential reward to be 10 times the risk.
Most traders can't do the above.
They get influenced by the herd and the news - but if you stay detached watch your charts and execute your forex trading system with discipline, you can pile up huge profits.
Emotional Price Spikes Will ALWAYS Occur
Human nature is constant and humans always push prices to far up or down - so this method will always work.
Savvy forex traders and make sure their smiling and making big profits while the losing majority get hammered.
If you want to enjoy forex trading success, practice the above and you will soon be piling up some big FX profits.
by Monica Hendrix
For the savvy forex trader the best opportunities are at big market turning points. Although the majority never spot them they offer the highest reward and the lowest risk and if you can spot them you can enjoy forex trading success.
A market (any financial market not just currency trading) moves to this equation
Market Fundamentals + Human Perception = Price
It's a fact that humans are not creatures of logic but of greed and fear and they always push prices to far up or down away from the fundamentals and then prices return to more realistic values.
All short term, accelerated price spikes in forex trading are short lived and prices tend to turn when the fundamentals are most bullish or bearish and that has been true since the start of trading.
The majority of losing forex traders get caught at these turning points (95%) and the savvy pros make a killing - so how do you spot these changes and enjoy currency trading success?
They can be seen on any forex chart and if you have the right technical tools you can act on them and get your market timing right and execute a great contrary trade.
Here are some clues on how to spot these turning points.
Watch for a forex trend that is moving quickly and accelerating upwards, moving based upon bullish or bearish news that says there is no end in sight.
Bollinger Bands
Next watch for high volatility and a great way to spot this is a price at the outer Bollinger Bands or beyond it.
Now you can be alert for a trend change.
You don't predict you wait for confirmation and check 3 other indicators (all the indicators here are discussed in our other articles so look them up)
Look for the ADX Line to be above 40 combined with RSI in overbought territory.
Now Confirm Your Trading Signal
To trigger the move, watch for a stochastic reading to cross down with bearish divergence (in a bull market) or up with bullish divergence (in a bear market), to trigger a sell from overbought or oversold levels.
This set up is even better if it has been preceded by an ADX signal turning down from above 40.
Trading Price Momentum Divergence
The above tools if used in the above way, in a forex trading system, on strong bull or bear markets, will help you catch a counter trend as the bullish or bearish news peaks and momentum diverges with price.
With a little practice you will never miss a big turning point again also, the more volatile and exaggerated the move the better!
100% + Profits
These are what I call the 10:1 trades and they will normally see the amount of potential reward to be 10 times the risk.
Most traders can't do the above.
They get influenced by the herd and the news - but if you stay detached watch your charts and execute your forex trading system with discipline, you can pile up huge profits.
Emotional Price Spikes Will ALWAYS Occur
Human nature is constant and humans always push prices to far up or down - so this method will always work.
Savvy forex traders and make sure their smiling and making big profits while the losing majority get hammered.
If you want to enjoy forex trading success, practice the above and you will soon be piling up some big FX profits.
วันพฤหัสบดีที่ 20 ธันวาคม พ.ศ. 2550
Simple Forex Trading System Can Protect Your Investment
Simple Forex Trading System Can Protect Your Investment
by Sajon Hamon
Forex Trading Systems are very popular as a method of investing money to make more money. They work like momentum players in the market. It is software that implements a method of trading that uses objective entry and exit criteria based on parameters that have been validated by historical testing on quantifiable data. Simple Forex trading systems are actually similar to that of stock market trading systems in any country, but on a huge scale, that involves currency trading all over the world, in practically any country.
There are hundreds of simple forex trading systems out there on the internet willing to sell you an eBook or a forex strategy to make you 1000's of pips profit per month. Forex Trading Systems that are based on logical, scientifically-sound, and well-tested concepts have been working extremely well and will continue to do so for many, many years to come. They will teach you money management strategies that can skyrocket your profits.
Software is available to help you manage every aspect of the trades. You can purchase currency and set a price at which to sell and it should give you exact buy and sell signals. Simple Forex trading system software is easier to understand, apply and have confidence in which leads to the discipline to follow your currency trading system to long term currency trading success.
Forex Trading Systems are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple Forex trading systems are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over.
by Sajon Hamon
Forex Trading Systems are very popular as a method of investing money to make more money. They work like momentum players in the market. It is software that implements a method of trading that uses objective entry and exit criteria based on parameters that have been validated by historical testing on quantifiable data. Simple Forex trading systems are actually similar to that of stock market trading systems in any country, but on a huge scale, that involves currency trading all over the world, in practically any country.
There are hundreds of simple forex trading systems out there on the internet willing to sell you an eBook or a forex strategy to make you 1000's of pips profit per month. Forex Trading Systems that are based on logical, scientifically-sound, and well-tested concepts have been working extremely well and will continue to do so for many, many years to come. They will teach you money management strategies that can skyrocket your profits.
Software is available to help you manage every aspect of the trades. You can purchase currency and set a price at which to sell and it should give you exact buy and sell signals. Simple Forex trading system software is easier to understand, apply and have confidence in which leads to the discipline to follow your currency trading system to long term currency trading success.
Forex Trading Systems are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple Forex trading systems are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over.
Can Forex Trading Ever Be Stress-Free?
Can Forex Trading Ever Be Stress-Free?
by James Woolley
As rewarding and as profitable as forex trading may be, there's no denying that trading forex for a living can be extremely stressful. It can really get your heart racing at times, particularly if it's your own money at stake, but nevertheless there are ways in which you can reduce your stress levels, as I'm about to discuss.
One way of doing so is to devise a form of trading which is automated to an extent and eliminates the need for you to make trading decisions yourself. A classic example would be a breakout system where your main job is to identify tight trading ranges. Then you just need to wait until the price moves outside of this range and trade in this direction, hoping it's the start of a solid breakout and the price will subsequently move away from this range.
Breakout systems are very popular amongst forex traders and are definitely one way which you can trade without too much stress.
Another way of reducing your stress levels when trading forex markets is to stop scalping and placing very short-term trades as this form of trading is arguably the most stressful. Yes you can make big profits within just a few minutes but you can just as easily lose a lot of money as well, particularly when you get spikes in price which immediately takes out your stop loss. So scalping is definitely not for the faint-hearted.
Instead you should focus on longer term trading where you can take your time making trading decisions and have plenty of time to watch the markets and move your stop losses and limit prices as required.
Long term trading also enables you to test the idea of trading for a living whilst still keeping your present job. There's nothing more stressful than trading knowing that your entire income depends on you making consistent profits, so by taking a longer term view you can trade knowing you have your main job, and therefore another regular income coming in, which reduces stress levels dramatically.
The final method you can use to eliminate stress (which is obviously not for everyone due to the high cost involved) is to devise your own trading robot which places trades for you, depending on certain criteria being met. This is very complex and definitely beyond most people but is one other option you could consider.
Anyway the main point to remember is that although forex trading can be a highly stressful profession, there are ways in which you can make regular profits without consistently being on the edge all the time, and at risk of having a heart attack.
by James Woolley
As rewarding and as profitable as forex trading may be, there's no denying that trading forex for a living can be extremely stressful. It can really get your heart racing at times, particularly if it's your own money at stake, but nevertheless there are ways in which you can reduce your stress levels, as I'm about to discuss.
One way of doing so is to devise a form of trading which is automated to an extent and eliminates the need for you to make trading decisions yourself. A classic example would be a breakout system where your main job is to identify tight trading ranges. Then you just need to wait until the price moves outside of this range and trade in this direction, hoping it's the start of a solid breakout and the price will subsequently move away from this range.
Breakout systems are very popular amongst forex traders and are definitely one way which you can trade without too much stress.
Another way of reducing your stress levels when trading forex markets is to stop scalping and placing very short-term trades as this form of trading is arguably the most stressful. Yes you can make big profits within just a few minutes but you can just as easily lose a lot of money as well, particularly when you get spikes in price which immediately takes out your stop loss. So scalping is definitely not for the faint-hearted.
Instead you should focus on longer term trading where you can take your time making trading decisions and have plenty of time to watch the markets and move your stop losses and limit prices as required.
Long term trading also enables you to test the idea of trading for a living whilst still keeping your present job. There's nothing more stressful than trading knowing that your entire income depends on you making consistent profits, so by taking a longer term view you can trade knowing you have your main job, and therefore another regular income coming in, which reduces stress levels dramatically.
The final method you can use to eliminate stress (which is obviously not for everyone due to the high cost involved) is to devise your own trading robot which places trades for you, depending on certain criteria being met. This is very complex and definitely beyond most people but is one other option you could consider.
Anyway the main point to remember is that although forex trading can be a highly stressful profession, there are ways in which you can make regular profits without consistently being on the edge all the time, and at risk of having a heart attack.
Best Forex Brokers - A Perfect Way For Novice Traders to Learn
Best Forex Brokers - A Perfect Way For Novice Traders to Learn
by kelly price
If you are looking at the best forex brokers the best way to learn is NOT a demo account. Sure a demo account shows you the mechanics of how to trade - but it doesn't give you the real feeling of dealing with money. I came across this service that solves the problem.
It's called a protected account and is designed for those traders who want to trade with a small amount and get the feel of trading. These accounts offer unlimited trading in a set period and the difference with these accounts is:
It doesn't matter if you go debit you still trade.
It is only at the end of the set period (normally a few weeks) that the profit or loss is calculated so the client gets any profits and the broker takes any losses.
This is different to a guaranteed stop - because once that's hit and your trading capital is gone, you're out - with this account and you continue trading even if you're in debit.
So for a small risk you get a real trading experience, get to do a lot of trades to test your skills and you know your risk in advance.
You know it's only at the end of the period you stop trading.
I like this idea and think it's a good one for novice's forex traders.
I see countless traders who think that because they have won with a demo account and made money with their trading signals that they will win in the real world, with money on the line.
Nothing could be further from the truth.
When money is on the line emotions kick into play and it's a whole new ballgame.
It's a bit like taking penalty kicks in your garden.
They are all completed successfully with no problem but try and do it with 100,000 people watching you and the game depends on the kick being successful and it's a different matter!
Some traders can handle the emotional side of trading and others cant - its as simple as that.
You won't know if you can Handle your emotions until you try!
These forex accounts look set to soar in popularity as they act as a bridge between a demo trading account and a full trading account and allow you to test your forex trading system in real conditions, risking real money albeit a small test amount.
It's a fact that anyone can learn to trade forex and enjoy currency trading success but it's also a fact that 95% of traders lose.
Most traders lose, not because they don't have good methods but because they cannot execute their methods with discipline, when money is on the line and this is the advantage of these accounts.
There are a whole host of inputs that make a best forex broker but this service certainly gets my vote as one of the services that can really help novice traders and you should consider them as part of your overall forex education.
by kelly price
If you are looking at the best forex brokers the best way to learn is NOT a demo account. Sure a demo account shows you the mechanics of how to trade - but it doesn't give you the real feeling of dealing with money. I came across this service that solves the problem.
It's called a protected account and is designed for those traders who want to trade with a small amount and get the feel of trading. These accounts offer unlimited trading in a set period and the difference with these accounts is:
It doesn't matter if you go debit you still trade.
It is only at the end of the set period (normally a few weeks) that the profit or loss is calculated so the client gets any profits and the broker takes any losses.
This is different to a guaranteed stop - because once that's hit and your trading capital is gone, you're out - with this account and you continue trading even if you're in debit.
So for a small risk you get a real trading experience, get to do a lot of trades to test your skills and you know your risk in advance.
You know it's only at the end of the period you stop trading.
I like this idea and think it's a good one for novice's forex traders.
I see countless traders who think that because they have won with a demo account and made money with their trading signals that they will win in the real world, with money on the line.
Nothing could be further from the truth.
When money is on the line emotions kick into play and it's a whole new ballgame.
It's a bit like taking penalty kicks in your garden.
They are all completed successfully with no problem but try and do it with 100,000 people watching you and the game depends on the kick being successful and it's a different matter!
Some traders can handle the emotional side of trading and others cant - its as simple as that.
You won't know if you can Handle your emotions until you try!
These forex accounts look set to soar in popularity as they act as a bridge between a demo trading account and a full trading account and allow you to test your forex trading system in real conditions, risking real money albeit a small test amount.
It's a fact that anyone can learn to trade forex and enjoy currency trading success but it's also a fact that 95% of traders lose.
Most traders lose, not because they don't have good methods but because they cannot execute their methods with discipline, when money is on the line and this is the advantage of these accounts.
There are a whole host of inputs that make a best forex broker but this service certainly gets my vote as one of the services that can really help novice traders and you should consider them as part of your overall forex education.
Currency Trading Success - A Simple Tip for Bigger Profits
Currency Trading Success - A Simple Tip for Bigger Profits
by kelly price
If you want to enjoy currency trading success then this simple tip will help you. Most currency traders simply do one thing they shouldn't and that's why they lose - so here is the tip.
When trading in currencies always keep this point firmly in mind:
The amount you trade has no bearing on how much money you are going to make so cut your trading and focus on high odds trades and focus on high odds trades.
Most currency traders when they start want to trade and be in on the action - but this means they lose, as the high odds trades don't come around very often.
I know traders who trade 6 - 10 times a year and make over 100% and others who trade all the time and make nothing.
Consider the vast number of traders who day trade and lose.
Why do they lose?
Because all short term moves are random. Sure they have clever systems and work hard but their not trading the odds and a long term trader will win hands down against them in terms of profit.
There is the view that the more effort you put in the more you get out and that's true in many areas of life but not the forex markets.
In forex markets you get paid for being right and that's it.
If you want to win, you have to trade the high odds trades - so what is a high odds trade?
The best way to look for a high odds trade is to look for areas of support and resistance the market considers valid - this means they have been tested several times and these tests have taken place in several different time frames - normally weeks or months apart.
When you look at these levels you are looking to go with breaks of support and resistance and go with the break.
It's a fact that most of the big currency trends start from new market highs or lows and if you don't go with these breaks you will miss some of the best trends.
Most traders can't do this.
Their obsessed with getting in at a lower or better price and wait for the pullback.
It doesn't come and they sit their waiting and wonder what might have been.
The above may sound a simple way to make money and it is - but most traders refuse to do it trade too often on trades with bad odds and lose.
Trading is an odds game and if you want to win you need to trade when the odds are in your favour it's as simple as that.
I would say that you will get a trade like this in forex markets no more than once a month and you get about 10 - 12 really good breakouts a year. Learn to focus on these and you will be trading with the odds in your favour and load up the trade in terms of how much you risk.
Forex trading involves taking calculated risks at the right time and if you trade breakouts that are considered valid you are doing just that.
So if you want to enjoy currency trading success with your trading system trade the high odds breakouts.
by kelly price
If you want to enjoy currency trading success then this simple tip will help you. Most currency traders simply do one thing they shouldn't and that's why they lose - so here is the tip.
When trading in currencies always keep this point firmly in mind:
The amount you trade has no bearing on how much money you are going to make so cut your trading and focus on high odds trades and focus on high odds trades.
Most currency traders when they start want to trade and be in on the action - but this means they lose, as the high odds trades don't come around very often.
I know traders who trade 6 - 10 times a year and make over 100% and others who trade all the time and make nothing.
Consider the vast number of traders who day trade and lose.
Why do they lose?
Because all short term moves are random. Sure they have clever systems and work hard but their not trading the odds and a long term trader will win hands down against them in terms of profit.
There is the view that the more effort you put in the more you get out and that's true in many areas of life but not the forex markets.
In forex markets you get paid for being right and that's it.
If you want to win, you have to trade the high odds trades - so what is a high odds trade?
The best way to look for a high odds trade is to look for areas of support and resistance the market considers valid - this means they have been tested several times and these tests have taken place in several different time frames - normally weeks or months apart.
When you look at these levels you are looking to go with breaks of support and resistance and go with the break.
It's a fact that most of the big currency trends start from new market highs or lows and if you don't go with these breaks you will miss some of the best trends.
Most traders can't do this.
Their obsessed with getting in at a lower or better price and wait for the pullback.
It doesn't come and they sit their waiting and wonder what might have been.
The above may sound a simple way to make money and it is - but most traders refuse to do it trade too often on trades with bad odds and lose.
Trading is an odds game and if you want to win you need to trade when the odds are in your favour it's as simple as that.
I would say that you will get a trade like this in forex markets no more than once a month and you get about 10 - 12 really good breakouts a year. Learn to focus on these and you will be trading with the odds in your favour and load up the trade in terms of how much you risk.
Forex trading involves taking calculated risks at the right time and if you trade breakouts that are considered valid you are doing just that.
So if you want to enjoy currency trading success with your trading system trade the high odds breakouts.
What! 90 Seconds to Trade FOREX?
What! 90 Seconds to Trade FOREX?
by Joseph Sgro
Calling all FOREX Traders
I know people have spent $2500 buying Forex Profit Pro..and it's good, but we can't all afford it and now it's off the market.
The cost effective option takes 90 seconds to discover the trend, jump on the trade and get support from real traders. You can see how right here.
MarketClub Makes it Easy
No joke MarketClub's system will pay for itself - I know, I'm a trader. You try their system to time your buy and sell and thank me later.
Which Market to Trade
In case you know nothing about the FOREX market here is a snippet to keep in mind when you are contemplating which market to trade.
"This market is the Largest Financial Market in the World"
It is estimated that 3.5 trillion in dollar value is traded per day worldwide. Approximately 5,000 banks, both central and private participate in the FX market worldwide.
Developing Confidence
So it's not a bad market to be trading. The biggest thiong about trading is developing confidence to put your money on the line - I know because I'm a trader too. What has helped me become more confident is I have completed a nuimber of courses and I know I will spend more money in updating my skills.
I know I need to change just like the market changes and I try to keep in tune with what is going on.
Your System
Your trading system is the most important element in giving you confidence. This is the reason MarketClub is the answer if you want to trade without having to buy expensive tools and creating the "wheel". MarketClub has the system, the charting, the data, the support, technical indicators and tools.
Trading is a good path to cash flow and even wealth. It's not all roses - you can lose your money, but you can put your trades on auto and do something else..just don't leave your trade on and go on holidays. You will keep up with the latest by tuning in to THE 10 Simple Rules Ezine blog.
by Joseph Sgro
Calling all FOREX Traders
I know people have spent $2500 buying Forex Profit Pro..and it's good, but we can't all afford it and now it's off the market.
The cost effective option takes 90 seconds to discover the trend, jump on the trade and get support from real traders. You can see how right here.
MarketClub Makes it Easy
No joke MarketClub's system will pay for itself - I know, I'm a trader. You try their system to time your buy and sell and thank me later.
Which Market to Trade
In case you know nothing about the FOREX market here is a snippet to keep in mind when you are contemplating which market to trade.
"This market is the Largest Financial Market in the World"
It is estimated that 3.5 trillion in dollar value is traded per day worldwide. Approximately 5,000 banks, both central and private participate in the FX market worldwide.
Developing Confidence
So it's not a bad market to be trading. The biggest thiong about trading is developing confidence to put your money on the line - I know because I'm a trader too. What has helped me become more confident is I have completed a nuimber of courses and I know I will spend more money in updating my skills.
I know I need to change just like the market changes and I try to keep in tune with what is going on.
Your System
Your trading system is the most important element in giving you confidence. This is the reason MarketClub is the answer if you want to trade without having to buy expensive tools and creating the "wheel". MarketClub has the system, the charting, the data, the support, technical indicators and tools.
Trading is a good path to cash flow and even wealth. It's not all roses - you can lose your money, but you can put your trades on auto and do something else..just don't leave your trade on and go on holidays. You will keep up with the latest by tuning in to THE 10 Simple Rules Ezine blog.
What is the 5EMAs Forex System? - Forex Trading System Review
What is the 5EMAs Forex System? - Forex Trading System Review
by Daniel Jonson
This is a forex system that exposes amazing methods of predicting market movements. It is a step by step guide on how to identify incredibly accurate trades that will enable you to generate huge returns from the forex market with money management techniques that has been developed primarily for 5EMAs Forex System.
This system comes as a 160+ pages long e-book with a lot of special features and bonuses. This forex system has been revealed pretty recently, the system can produce monthly returns of between 30% and 55% depending on the exit strategy selected.
It is using an amazingly accurate formula that has never before been shown to the open masses, it has previously been used by a professional forex trader and fund manager. 5emas forex system is a user friendly system and it should not take more then one day of reading to put the system to use, even if you are new to forex trading, the manual will take you by the hand and teach you how to trade professionally.
Its easy to set up, easy to apply and the system works effectively, it combines clear trading signals with follow up of the trade with solid money management.
Another great thing with this system is that, it does not matter what sort of trades you prefer doing, this system has the flexibility to produce profitable result no matter what trade you do. 5EMAs Forex System can be traded as a scalping, swing-trading or day-trading system, that alone makes this system unique.
5EMAs Forex System is accurately catching moves at the beginning, as appose to many other forex trading systems that trigger trades when the moves are almost over.
This system can also be set to provide long-term signals, this makes this a perfect system for busy people who do not have the time to monitor the market constantly, this makes it possible for one to profit from the forex market without having to quit the day job.
Verdict: 5EMAs Forex System is an extremely accurate and profitable system, its methods of predicting market movements will give you the understanding of how to potentially turn $1,000 into a fortune in a period of 24 months. This system is available trough Clickbank and it comes with a bunch of useful bonus material and also with a 8-week 100% full money back guaranty if the system does not work, witch makes 5EMAs Forex System a risk free investment.
by Daniel Jonson
This is a forex system that exposes amazing methods of predicting market movements. It is a step by step guide on how to identify incredibly accurate trades that will enable you to generate huge returns from the forex market with money management techniques that has been developed primarily for 5EMAs Forex System.
This system comes as a 160+ pages long e-book with a lot of special features and bonuses. This forex system has been revealed pretty recently, the system can produce monthly returns of between 30% and 55% depending on the exit strategy selected.
It is using an amazingly accurate formula that has never before been shown to the open masses, it has previously been used by a professional forex trader and fund manager. 5emas forex system is a user friendly system and it should not take more then one day of reading to put the system to use, even if you are new to forex trading, the manual will take you by the hand and teach you how to trade professionally.
Its easy to set up, easy to apply and the system works effectively, it combines clear trading signals with follow up of the trade with solid money management.
Another great thing with this system is that, it does not matter what sort of trades you prefer doing, this system has the flexibility to produce profitable result no matter what trade you do. 5EMAs Forex System can be traded as a scalping, swing-trading or day-trading system, that alone makes this system unique.
5EMAs Forex System is accurately catching moves at the beginning, as appose to many other forex trading systems that trigger trades when the moves are almost over.
This system can also be set to provide long-term signals, this makes this a perfect system for busy people who do not have the time to monitor the market constantly, this makes it possible for one to profit from the forex market without having to quit the day job.
Verdict: 5EMAs Forex System is an extremely accurate and profitable system, its methods of predicting market movements will give you the understanding of how to potentially turn $1,000 into a fortune in a period of 24 months. This system is available trough Clickbank and it comes with a bunch of useful bonus material and also with a 8-week 100% full money back guaranty if the system does not work, witch makes 5EMAs Forex System a risk free investment.
Drastically Reduce Your Forex Trading Risk With ACCURATE Forex Trading Signals
Drastically Reduce Your Forex Trading Risk With ACCURATE Forex Trading Signals
by Shane Alexander
For those who do NOT have access to accurate Forex trading signals, online Forex trading is tantamount to gambling. Typically, Forex traders pay huge amounts of money over time to signal generation companies to provide Forex trading signals that are often late or completely inaccurate! The essential problem is: How can you make money CONSISTENTLY trading on the Forex market without paying never-ending signal generation fees? I've managed to discover a SOLUTION--the only PROVEN AUTO-PILOT NO-GUESSWORK software SYSTEM that generates its own WORKING Forex trading signals and eliminates the "human error" factor by doing the vast majority of the thinking for you, which makes it so easy that even Paris Hilton can make money trading Forex.
==> http://evenparishiltoncantradeforex.blogspot.com
Just like the stock market or within any other investment arena, we simply can't ELIMINATE risk. We can only REDUCE our risk. For that matter, even staying in bed all day is risky. An airplane could crash through your roof and wipe you out in an instant. You just never know. Since we're clear that risk elimination is a virtual impossibility, let's just focus on drastically reducing your overall risk exposure when you're trading currency on the Forex market.
Accurate Forex trading signals indicate trends that affect the Forex market and tell you precisely when to buy, sell, or do nothing at all. Forex traders usually have to pay periodic subscription fees to independent service providers for these signals, which are essentially buy & sell recommendations. Accurate online Forex trading signals are based upon fundamental and/or technical analysis--NOT rumors or speculation. Accurate online Forex trading signals serve to reduce your overall online Forex trading risk exposure.
Trend identification alone is insufficient for consistently profitable Forex trading. To be a successful Forex trader, you need to know precisely when to profitably enter & exit the Forex market. You've gotta select just the right Forex market entry exit points. Otherwise, even if you're lucky enough to complete a few profitable Forex trades, in the long run, you'll eventually get financially screwed--BIG TIME.
I'm not an expert Forex trader--nor am I exceedingly brilliant. So, I'm living proof that anybody can make money trading Forex without any Forex Market-specific knowledge or prior trading experience at all. Making money trading on the Forex market is really easy--if you've got the software that tells you precisely what to do and when to do it. However, I assume that since you are inquisitive enough to read through this article, you wanna educate yourself enough so you'll actually know WHY you're making all that money trading currency on the Forex market.
Why would you pay hundreds of dollars in monthly fees for Forex trading signals when you can just create them yourself with an advanced Forex trading signal system?
Why would you spend all day waiting for signals that don't arrive in time?
Why would you pay for signals which often fail to bring any profits--only losses?
Why would you stress yourself out with complicated trading patterns, charts and analytical software when you can easily generate comprehensive & profitable signals within minutes?
Now you can finally generate your own profitable Forex trading signals without monthly fees! Even if you lack brilliance or substantial Forex trading experience, you just have to be smart enough to select the only automated analytical Forex trading software system on the market today that empowers you to generate your own WORKING Forex trading signals and makes Forex trading so easy that even Paris Hilton can do it. Drastically reduce your Forex trading risk today. Massive Forex trading profits are just a CLICK away...
by Shane Alexander
For those who do NOT have access to accurate Forex trading signals, online Forex trading is tantamount to gambling. Typically, Forex traders pay huge amounts of money over time to signal generation companies to provide Forex trading signals that are often late or completely inaccurate! The essential problem is: How can you make money CONSISTENTLY trading on the Forex market without paying never-ending signal generation fees? I've managed to discover a SOLUTION--the only PROVEN AUTO-PILOT NO-GUESSWORK software SYSTEM that generates its own WORKING Forex trading signals and eliminates the "human error" factor by doing the vast majority of the thinking for you, which makes it so easy that even Paris Hilton can make money trading Forex.
==> http://evenparishiltoncantradeforex.blogspot.com
Just like the stock market or within any other investment arena, we simply can't ELIMINATE risk. We can only REDUCE our risk. For that matter, even staying in bed all day is risky. An airplane could crash through your roof and wipe you out in an instant. You just never know. Since we're clear that risk elimination is a virtual impossibility, let's just focus on drastically reducing your overall risk exposure when you're trading currency on the Forex market.
Accurate Forex trading signals indicate trends that affect the Forex market and tell you precisely when to buy, sell, or do nothing at all. Forex traders usually have to pay periodic subscription fees to independent service providers for these signals, which are essentially buy & sell recommendations. Accurate online Forex trading signals are based upon fundamental and/or technical analysis--NOT rumors or speculation. Accurate online Forex trading signals serve to reduce your overall online Forex trading risk exposure.
Trend identification alone is insufficient for consistently profitable Forex trading. To be a successful Forex trader, you need to know precisely when to profitably enter & exit the Forex market. You've gotta select just the right Forex market entry exit points. Otherwise, even if you're lucky enough to complete a few profitable Forex trades, in the long run, you'll eventually get financially screwed--BIG TIME.
I'm not an expert Forex trader--nor am I exceedingly brilliant. So, I'm living proof that anybody can make money trading Forex without any Forex Market-specific knowledge or prior trading experience at all. Making money trading on the Forex market is really easy--if you've got the software that tells you precisely what to do and when to do it. However, I assume that since you are inquisitive enough to read through this article, you wanna educate yourself enough so you'll actually know WHY you're making all that money trading currency on the Forex market.
Why would you pay hundreds of dollars in monthly fees for Forex trading signals when you can just create them yourself with an advanced Forex trading signal system?
Why would you spend all day waiting for signals that don't arrive in time?
Why would you pay for signals which often fail to bring any profits--only losses?
Why would you stress yourself out with complicated trading patterns, charts and analytical software when you can easily generate comprehensive & profitable signals within minutes?
Now you can finally generate your own profitable Forex trading signals without monthly fees! Even if you lack brilliance or substantial Forex trading experience, you just have to be smart enough to select the only automated analytical Forex trading software system on the market today that empowers you to generate your own WORKING Forex trading signals and makes Forex trading so easy that even Paris Hilton can do it. Drastically reduce your Forex trading risk today. Massive Forex trading profits are just a CLICK away...
วันเสาร์ที่ 15 ธันวาคม พ.ศ. 2550
Forex Trading - Keeping Disciplined On The Forex Market
Forex Trading - Keeping Disciplined On The Forex Market
by Dane Stanton
When it comes to trading on the forex market, there is nothing more important that finding a strategy and sticking too it! It's so easy to get sidetracked when you hear about someone making huge trades using his or hers new secret strategy! The majority of new strategies are designed to work using outside influences, which is always going to be risky. Sure they might make a lot of money initially but what about in the long run? It's best to find a proven strategy and become an expert at using this strategy to make successful trade after successful trade on the forex market.
The Number One Reason Why People Fail In The Forex Market
You know, it's hard to say that most people fail just because they weren't willing to stick with one proven strategy, but unfortunately there is no bigger cause. I'm not going to say that trading in the forex market has nothing to do with luck, because it's not true, luck plays a huge part. We can only predict what might happen in the future, we can't be certain that it is going to up or down.
There are however, proven strategies that enable investors to first survive in the market and that's what it should all be about at first. The longer you survive in forex, the more you learn and inevitably success will follow. This is where discipline comes into play.
Sticking to one particular strategy(and there are loads, which we won't have to go through today, but you can learn about them for free all over the internet) making sure you are never opening trades that you can't afford, will give you a chance to understand how the forex market works and eventually after a firm understanding of the basic principles, you will be able to spot a good trade from a bad one just like how a mechanic spots a problem in an engine.
Be The Hedgehog And Not The Fox!
If you are aware of the story of the fox and the hedgehog you will know what I am talking about here. The fox spends day after day trying new things to catch the hedgehog. He is a very cunning animal and has the ability to create brilliant strategies, but unfortunately every new strategy he tries, he always seems to get pricked by the hedgehog. You see the hedgehog has perfected one strategy and that is whenever the fox pounces all he has to do is crawl up into a ball and as a result he stays safe and the fox gets a mouthful of spikes.
The moral of the story? Be like the hedgehog and stick with one proven strategy that works universally and become an expert at it. If it works for everyone else, then why shouldn't it work for you? Don't be the fox and jump from one strategy to another just because it didn't work the first time. The result remember for the fox was a mouthful of spikes, for you it could be much worse!
by Dane Stanton
When it comes to trading on the forex market, there is nothing more important that finding a strategy and sticking too it! It's so easy to get sidetracked when you hear about someone making huge trades using his or hers new secret strategy! The majority of new strategies are designed to work using outside influences, which is always going to be risky. Sure they might make a lot of money initially but what about in the long run? It's best to find a proven strategy and become an expert at using this strategy to make successful trade after successful trade on the forex market.
The Number One Reason Why People Fail In The Forex Market
You know, it's hard to say that most people fail just because they weren't willing to stick with one proven strategy, but unfortunately there is no bigger cause. I'm not going to say that trading in the forex market has nothing to do with luck, because it's not true, luck plays a huge part. We can only predict what might happen in the future, we can't be certain that it is going to up or down.
There are however, proven strategies that enable investors to first survive in the market and that's what it should all be about at first. The longer you survive in forex, the more you learn and inevitably success will follow. This is where discipline comes into play.
Sticking to one particular strategy(and there are loads, which we won't have to go through today, but you can learn about them for free all over the internet) making sure you are never opening trades that you can't afford, will give you a chance to understand how the forex market works and eventually after a firm understanding of the basic principles, you will be able to spot a good trade from a bad one just like how a mechanic spots a problem in an engine.
Be The Hedgehog And Not The Fox!
If you are aware of the story of the fox and the hedgehog you will know what I am talking about here. The fox spends day after day trying new things to catch the hedgehog. He is a very cunning animal and has the ability to create brilliant strategies, but unfortunately every new strategy he tries, he always seems to get pricked by the hedgehog. You see the hedgehog has perfected one strategy and that is whenever the fox pounces all he has to do is crawl up into a ball and as a result he stays safe and the fox gets a mouthful of spikes.
The moral of the story? Be like the hedgehog and stick with one proven strategy that works universally and become an expert at it. If it works for everyone else, then why shouldn't it work for you? Don't be the fox and jump from one strategy to another just because it didn't work the first time. The result remember for the fox was a mouthful of spikes, for you it could be much worse!
Beginner Forex Trading - What You Need To Get Started!
Beginner Forex Trading - What You Need To Get Started!
by Simon Aridej
Getting started in forex trading can be a chore, taking up much time and effort to even begin your foray into the world of investments. If an individual is not committed to the idea of trading currency then it can be extremely off putting. However, the preparation is heightened if the individual has no knowledge of how to start because it is impossible to be efficient. Making sure that you have a few simple things on your side can make beginner forex trading much easier! Those things are:
1. Software - Software is essential if you want to make a good start to beginner forex trading. If you decide to trade on the Internet then you will need beginner forex trading software because there is no other way to easily trade. The software generally comes free when a new account is opened, although some companies offer a trial or demo version for free so that you can familiarize yourself with it and the forex market before you really start investing. The software will incorporate a number of features that can aid your quest for profit too, such as graphs, charts and real time updates. However, this may differ from version to version.
2. A how-to guide - An essential for beginner forex trading, every individual starting to trade should have a source of information available at all times to help ease confusion and promote understanding. How to guides are perfect for this particular function and task. No beginner forex trading novice should be without one! There are various guides available, so you just have to search out the right one for you.
3. A broker - A forex broker can be of great service during beginner forex trading. There are literally thousands of brokers available to you through banks and independent companies, and all of them will have years of experience in the field. They can give you advice and even sort out your business for you. A good Commodity Futures Trading Commission registered broker can really enhance your beginner forex trading experience and help see you to the level of knowledge you need to trade on your own.
4. A budget - This is obviously really important for beginner forex trading. The budget an individual has determines the level of activity available and also whether he or she may be best to invest in a demo account, which is designed to give a novice a taste of the market, before ploughing more money into forex. Without a budget, it is easy for an individual to get into debt.
All of these tools are essential for beginner forex trading, so you should have all four lined up before you start. It can make your experience more pleasurable and far smoother than you ever thought I would be.
by Simon Aridej
Getting started in forex trading can be a chore, taking up much time and effort to even begin your foray into the world of investments. If an individual is not committed to the idea of trading currency then it can be extremely off putting. However, the preparation is heightened if the individual has no knowledge of how to start because it is impossible to be efficient. Making sure that you have a few simple things on your side can make beginner forex trading much easier! Those things are:
1. Software - Software is essential if you want to make a good start to beginner forex trading. If you decide to trade on the Internet then you will need beginner forex trading software because there is no other way to easily trade. The software generally comes free when a new account is opened, although some companies offer a trial or demo version for free so that you can familiarize yourself with it and the forex market before you really start investing. The software will incorporate a number of features that can aid your quest for profit too, such as graphs, charts and real time updates. However, this may differ from version to version.
2. A how-to guide - An essential for beginner forex trading, every individual starting to trade should have a source of information available at all times to help ease confusion and promote understanding. How to guides are perfect for this particular function and task. No beginner forex trading novice should be without one! There are various guides available, so you just have to search out the right one for you.
3. A broker - A forex broker can be of great service during beginner forex trading. There are literally thousands of brokers available to you through banks and independent companies, and all of them will have years of experience in the field. They can give you advice and even sort out your business for you. A good Commodity Futures Trading Commission registered broker can really enhance your beginner forex trading experience and help see you to the level of knowledge you need to trade on your own.
4. A budget - This is obviously really important for beginner forex trading. The budget an individual has determines the level of activity available and also whether he or she may be best to invest in a demo account, which is designed to give a novice a taste of the market, before ploughing more money into forex. Without a budget, it is easy for an individual to get into debt.
All of these tools are essential for beginner forex trading, so you should have all four lined up before you start. It can make your experience more pleasurable and far smoother than you ever thought I would be.
Internet Forex Trading - Four Tips For Success
Internet Forex Trading - Four Tips For Success
by Simon Aridej
Internet forex trading is the latest craze to hit the online financial industry and with good reason. Although the world of Internet forex trading can be extremely confusing for the novice, it has distinct advantages over other forms of investment opportunity and can be used to great effect. However, there are certain elements necessary for successful Internet forex trading that individuals with little experience may not know about. There is a fine line between success and failure, and the four tips below will enable you to steer clear of the latter!
Tip 1 - Do your research! There is nothing worse than going into Internet forex trading with your eyes shut. Foreign currency trading can be extremely risky if you have no background knowledge of the various currencies, their activities and, most of all, your ability to trade them online. Internet forex trading requires a lot of work before you are ready to begin, so make sure that you understand what it is and what it can do for you!
Tip 2 - Study historical patterns It is not wise to participate in Internet forex trading until you are able to study historical currency patterns. There are a number of website and book based sources that would be able to give you this information. As Internet forex trading is dependent on the supply and demand of certain currencies, the trends those currencies display are extremely important. If a currency historically remains steady then it is unlikely to make a profit for you but if it is unpredictable then you may lose, and so on.
Tip 3 - Keep an eye on the news The American dollar fluctuations of 2006 and 2007 provides a prime example as to why you should watch the news whilst taking art in Internet forex trading. If you heavily invested in the dollar at the moment, then you may have to hold onto the currency for some time to profit. Economical and political factors do determine the value of various currencies at any given time. The business and financial news may provide the information you need to make a success of Internet forex trading.
Tip 4 - Avoid algorithmic trading until you are experienced Algorithmic trading is one of the current trends associated with Internet forex trading at the moment and involves working to a specific formula when working out the currency you wish to buy and sell. However, this is just an example of how individuals may trade. Novices are best advised to try small trades based on historical perspectives to get to grips with Internet forex trading before trying out more complex methods.
by Simon Aridej
Internet forex trading is the latest craze to hit the online financial industry and with good reason. Although the world of Internet forex trading can be extremely confusing for the novice, it has distinct advantages over other forms of investment opportunity and can be used to great effect. However, there are certain elements necessary for successful Internet forex trading that individuals with little experience may not know about. There is a fine line between success and failure, and the four tips below will enable you to steer clear of the latter!
Tip 1 - Do your research! There is nothing worse than going into Internet forex trading with your eyes shut. Foreign currency trading can be extremely risky if you have no background knowledge of the various currencies, their activities and, most of all, your ability to trade them online. Internet forex trading requires a lot of work before you are ready to begin, so make sure that you understand what it is and what it can do for you!
Tip 2 - Study historical patterns It is not wise to participate in Internet forex trading until you are able to study historical currency patterns. There are a number of website and book based sources that would be able to give you this information. As Internet forex trading is dependent on the supply and demand of certain currencies, the trends those currencies display are extremely important. If a currency historically remains steady then it is unlikely to make a profit for you but if it is unpredictable then you may lose, and so on.
Tip 3 - Keep an eye on the news The American dollar fluctuations of 2006 and 2007 provides a prime example as to why you should watch the news whilst taking art in Internet forex trading. If you heavily invested in the dollar at the moment, then you may have to hold onto the currency for some time to profit. Economical and political factors do determine the value of various currencies at any given time. The business and financial news may provide the information you need to make a success of Internet forex trading.
Tip 4 - Avoid algorithmic trading until you are experienced Algorithmic trading is one of the current trends associated with Internet forex trading at the moment and involves working to a specific formula when working out the currency you wish to buy and sell. However, this is just an example of how individuals may trade. Novices are best advised to try small trades based on historical perspectives to get to grips with Internet forex trading before trying out more complex methods.
Learning Forex Trading - The Eight Steps To Get You On Your Way
Learning Forex Trading - The Eight Steps To Get You On Your Way
by Simon Aridej
Learning forex trading can certainly be a daunting process if you have no idea where to start. Although forex is less complex than some other methods of trading because it only deals with one specific commodity, it can still be a chore to get to grips with. There is so much involved when learning forex trading, especially if you want to be successful, but by following the tips below, you can soon obtain the knowledge and know how that you need.
1. Research forex trading - You can never walk into any kind of investment without first investigating the possibilities and weighing up the advantages and disadvantages, and learning forex trading is no different. You should at least know what it is and how the concept of forex trading works before committing yourself to attempting to profit from it.
2. Learn all about currencies - Most individuals know a little about the dollar, pound and euro, but it is essential to learn about all currencies and their histories whilst learning forex trading. Without having basic knowledge of the fundamentals of currency, you cannot hope to do well at forex trading.
3. Assess the odds - The odds of success and failure are part and parcel of learning forex trading because you need to be able to recognise trends, analyse profit margins and recognise potential.
4. Learn the key terms - Every investment opportunity has some form of jargon attached to it. Ensure that you have a full understanding of the jargon associated with learning forex trading before progressing to the next possible step.
5. Watch the market - As with anything in life, always watch the market to get the feel of it before progressing to participation. Learning forex trading is all about understanding before participating, and the only way for you to do that is to watch other before attempting it yourself
6. Use software to trade for free - Some softwares enable the learning forex trading before you actually invest. You can trade imaginary amounts via simulators to give you practice and give a greater understanding of the system. You can analyse your mistakes and rectify them before actually investing your own money!
7. Set a budget - Always work out what you can afford to trade whilst you are learning forex trading. It is easy for an individual to get in over his or head and end up losing far more than he or she can afford, so make sure that you are not one of those people!
8. You are ready to begin for real - Your learning forex trading crash course is complete so as soon as you feel confident, go for it!
by Simon Aridej
Learning forex trading can certainly be a daunting process if you have no idea where to start. Although forex is less complex than some other methods of trading because it only deals with one specific commodity, it can still be a chore to get to grips with. There is so much involved when learning forex trading, especially if you want to be successful, but by following the tips below, you can soon obtain the knowledge and know how that you need.
1. Research forex trading - You can never walk into any kind of investment without first investigating the possibilities and weighing up the advantages and disadvantages, and learning forex trading is no different. You should at least know what it is and how the concept of forex trading works before committing yourself to attempting to profit from it.
2. Learn all about currencies - Most individuals know a little about the dollar, pound and euro, but it is essential to learn about all currencies and their histories whilst learning forex trading. Without having basic knowledge of the fundamentals of currency, you cannot hope to do well at forex trading.
3. Assess the odds - The odds of success and failure are part and parcel of learning forex trading because you need to be able to recognise trends, analyse profit margins and recognise potential.
4. Learn the key terms - Every investment opportunity has some form of jargon attached to it. Ensure that you have a full understanding of the jargon associated with learning forex trading before progressing to the next possible step.
5. Watch the market - As with anything in life, always watch the market to get the feel of it before progressing to participation. Learning forex trading is all about understanding before participating, and the only way for you to do that is to watch other before attempting it yourself
6. Use software to trade for free - Some softwares enable the learning forex trading before you actually invest. You can trade imaginary amounts via simulators to give you practice and give a greater understanding of the system. You can analyse your mistakes and rectify them before actually investing your own money!
7. Set a budget - Always work out what you can afford to trade whilst you are learning forex trading. It is easy for an individual to get in over his or head and end up losing far more than he or she can afford, so make sure that you are not one of those people!
8. You are ready to begin for real - Your learning forex trading crash course is complete so as soon as you feel confident, go for it!
Forex Trading Secrets - Can You Really Rely On The Books?
Forex Trading Secrets - Can You Really Rely On The Books?
by Simon Aridej
As more and more people are considering investments as a way to take care of their futures, the forex market is booming. There is much material on the market, both in print and on the Internet, about the latest investment trend. Most of it boasts to offer forex trading secrets that are unique and can help the individual to succeed. Experience should tell consumers to be wary of such boasts, and yet individuals buy it like it is going out of fashion!
The question is, just how useful are the forex trading secrets that various publications offer?
The answer is dependent on the source of the forex trading secrets and the credibility behind their boasts. There are a number of sales letters on the Internet that offer to give a beginner forex trading secrets but those secrets can actually simply be an overview of how to trade on the forex market.
The problem is that nobody can distinguish between a book genuinely offering forex trading secrets from one that gives an overview of the concept until it is too late. A sales letter is designed to market an ebook without revealing the content and that is exactly what it does! It is not until you pay that you can distinguish the genuine forex trading secret books from those that masquerade as genuine!
Although there are fewer actual published books available on forex trading secrets than there are ebooks available on the Internet, a good number of them are worth investing in if you are looking for specific help in order to trade successfully. Forex trading secrets books such as Forex Revolution: An Insider's Guide To The World Of Foreign Exchange Trading by Peter Rosenstreich, can provide an amazing insight into forex trading secrets and is endorsed by the UK's Financial Times. This gives it far more credibility than an ebook on forex trading secrets could ever hope to achieve.
If you are looking for a cheaper option to learn the forex trading secrets and have a few hours to spare then there is always the option of trawling through the Internet articles and websites dedicated to the forex market and forex trading secrets. It can take quite some time to find useful tips, but the little gems that are present in articles that take up web space can revolutionize your forex experience. Just a few helpful secrets could increase your profits, as long as they are accurate and credible!
by Simon Aridej
As more and more people are considering investments as a way to take care of their futures, the forex market is booming. There is much material on the market, both in print and on the Internet, about the latest investment trend. Most of it boasts to offer forex trading secrets that are unique and can help the individual to succeed. Experience should tell consumers to be wary of such boasts, and yet individuals buy it like it is going out of fashion!
The question is, just how useful are the forex trading secrets that various publications offer?
The answer is dependent on the source of the forex trading secrets and the credibility behind their boasts. There are a number of sales letters on the Internet that offer to give a beginner forex trading secrets but those secrets can actually simply be an overview of how to trade on the forex market.
The problem is that nobody can distinguish between a book genuinely offering forex trading secrets from one that gives an overview of the concept until it is too late. A sales letter is designed to market an ebook without revealing the content and that is exactly what it does! It is not until you pay that you can distinguish the genuine forex trading secret books from those that masquerade as genuine!
Although there are fewer actual published books available on forex trading secrets than there are ebooks available on the Internet, a good number of them are worth investing in if you are looking for specific help in order to trade successfully. Forex trading secrets books such as Forex Revolution: An Insider's Guide To The World Of Foreign Exchange Trading by Peter Rosenstreich, can provide an amazing insight into forex trading secrets and is endorsed by the UK's Financial Times. This gives it far more credibility than an ebook on forex trading secrets could ever hope to achieve.
If you are looking for a cheaper option to learn the forex trading secrets and have a few hours to spare then there is always the option of trawling through the Internet articles and websites dedicated to the forex market and forex trading secrets. It can take quite some time to find useful tips, but the little gems that are present in articles that take up web space can revolutionize your forex experience. Just a few helpful secrets could increase your profits, as long as they are accurate and credible!
Forex- Foreign Currency Investing by Connie Barker
For those that are looking for an exciting way to invest - Forex definitely delivers. Forex stands for foreign exchange and it is the world's largest financial market.
Forex is quite different from investing in the NYSE or NASDAQ because Forex takes place at dozens of locations all over the world. In fact, most traders are day traders that trade from home. While this form of investing can be risky, it can be extremely profitable. Forex trading occurs 24 hours per day (except on weekends). One of the things that make Forex unique is that you aren't buying a currency or selling a currency, you are actually trading one currency for another.
While Forex seems very easy at first, it can be extremely complicated and risky. There are tons of tools online that can help you climb the steep learning curve and for those that do, it is possible to make a very, very good living.
Forex is an interesting investment for some because of the amount of leverage one can have. Some Forex trading brokerages allow their member accounts to leverage the amount of currencies they purchase by 10, 25, 50 times or more. This means with an initial investment of $1K, you can theoretically control over 50K of currencies in some situations. While this can lead to large profits, it can also lead to financial ruin if you make the wrong decision on a trade. One of the ways that many investors learn to trade Forex without risk is to use the systems simulation platform. Many Forex brokerages have a simulation platform that is identical to the normal platform and uses current, real world data. This way, if you are just starting out and make a mistake on the simulation, it won't cost you a dime.
Forex can be extremely fast paced. While many investors are those that are day traders looking to make a quick buck each day, others trade for the long term, looking for long term trends that are much less riskier and can return much more than a day trade. Whatever your strategy, Forex can be an excellent way to invest. It should be noted that almost anyone can trade from their computer and with a limited amount of investment, however before you trade, get to know the system you trade on and the dynamics of the foreign currency market.
Forex is quite different from investing in the NYSE or NASDAQ because Forex takes place at dozens of locations all over the world. In fact, most traders are day traders that trade from home. While this form of investing can be risky, it can be extremely profitable. Forex trading occurs 24 hours per day (except on weekends). One of the things that make Forex unique is that you aren't buying a currency or selling a currency, you are actually trading one currency for another.
While Forex seems very easy at first, it can be extremely complicated and risky. There are tons of tools online that can help you climb the steep learning curve and for those that do, it is possible to make a very, very good living.
Forex is an interesting investment for some because of the amount of leverage one can have. Some Forex trading brokerages allow their member accounts to leverage the amount of currencies they purchase by 10, 25, 50 times or more. This means with an initial investment of $1K, you can theoretically control over 50K of currencies in some situations. While this can lead to large profits, it can also lead to financial ruin if you make the wrong decision on a trade. One of the ways that many investors learn to trade Forex without risk is to use the systems simulation platform. Many Forex brokerages have a simulation platform that is identical to the normal platform and uses current, real world data. This way, if you are just starting out and make a mistake on the simulation, it won't cost you a dime.
Forex can be extremely fast paced. While many investors are those that are day traders looking to make a quick buck each day, others trade for the long term, looking for long term trends that are much less riskier and can return much more than a day trade. Whatever your strategy, Forex can be an excellent way to invest. It should be noted that almost anyone can trade from their computer and with a limited amount of investment, however before you trade, get to know the system you trade on and the dynamics of the foreign currency market.
Learn Forex Currency Trading Online
Learn Forex Currency Trading Online
by T. Houser
Forex, a specialized form of day trading, involves the simultaneous buying and selling of world currencies. Trading occurs via phone, or online, with hubs in Sydney, London, Tokyo and New York, creating a 24-hour market. Forex is a speculative market, and as with many securities markets, requires a certain level of knowledge to reap the possible huge profits and avoid the profound losses. One way to gain this knowledge is to learn forex currency trading online.
Websites to learn forex currency trading online abound from brokerage sites to software (trading platforms) sites to online educational sites. In exchange for opening an account, some brokerage sites will offer free online classes in forex using the brokerage's personal trading platform. Other sites offer free self-study courses that include contact with professional forex traders, and a 30-day live trading demo to learn forex currency trading online.
The educational sites provide a range of course types, with varying costs, to learn forex currency trading online. Choices include online seminars, self-study classes in the form of online sessions and in downloaded files, interactive lessons with professionals, and the use of videos simulating actual trades. Prices for the courses range from free to hundreds of dollars. One website, The Online Training Academy, which was formed in 1997 to specifically train traders, also offers mentoring programs and on-location courses.
Professional traders offer courses to learn forex currency trading online. Some of these traders have been trading forex since its inception, and have developed their own trading platforms (software). Their courses offer their expertise in CD, DVD and study-at-home via online formats, and can cost anywhere from $300 on up, depending on the number of sessions and level of expertise desired.
The majority of the online class sites agree certain basic topics are necessary to learn forex currency trading online, starting with how the forex market works. Knowledge of forex terms, such as spread, margin, rollover etc, is also important. In addition, it is important to know about currency pairs and the types of charts available, plus how to read them. Understanding when to trade is also recommended.
Once traders learn forex currency trading online, and before trading can begin, they need to know how to open an account, to distinguish features of trading platforms, and the best way to choose a broker. This last is particularly important because in order to trade, a customer must have a reputable broker. Many brokers offer simulated trading sessions to help the trader understand the process before committing capital, and to decide if the brokerages' particular trading platform meets the customer's needs.
Finding the right course may take some time, but the extra effort will be more than worth it. As stated above, the forex market is speculative and carries with it a considerable amount of risk. Virtually everyone associated with forex trading advises traders to gain as much knowledge as possible before entering the market. Bottom line: the best way to learn forex currency trading online is to take advantage of all the tools available.
by T. Houser
Forex, a specialized form of day trading, involves the simultaneous buying and selling of world currencies. Trading occurs via phone, or online, with hubs in Sydney, London, Tokyo and New York, creating a 24-hour market. Forex is a speculative market, and as with many securities markets, requires a certain level of knowledge to reap the possible huge profits and avoid the profound losses. One way to gain this knowledge is to learn forex currency trading online.
Websites to learn forex currency trading online abound from brokerage sites to software (trading platforms) sites to online educational sites. In exchange for opening an account, some brokerage sites will offer free online classes in forex using the brokerage's personal trading platform. Other sites offer free self-study courses that include contact with professional forex traders, and a 30-day live trading demo to learn forex currency trading online.
The educational sites provide a range of course types, with varying costs, to learn forex currency trading online. Choices include online seminars, self-study classes in the form of online sessions and in downloaded files, interactive lessons with professionals, and the use of videos simulating actual trades. Prices for the courses range from free to hundreds of dollars. One website, The Online Training Academy, which was formed in 1997 to specifically train traders, also offers mentoring programs and on-location courses.
Professional traders offer courses to learn forex currency trading online. Some of these traders have been trading forex since its inception, and have developed their own trading platforms (software). Their courses offer their expertise in CD, DVD and study-at-home via online formats, and can cost anywhere from $300 on up, depending on the number of sessions and level of expertise desired.
The majority of the online class sites agree certain basic topics are necessary to learn forex currency trading online, starting with how the forex market works. Knowledge of forex terms, such as spread, margin, rollover etc, is also important. In addition, it is important to know about currency pairs and the types of charts available, plus how to read them. Understanding when to trade is also recommended.
Once traders learn forex currency trading online, and before trading can begin, they need to know how to open an account, to distinguish features of trading platforms, and the best way to choose a broker. This last is particularly important because in order to trade, a customer must have a reputable broker. Many brokers offer simulated trading sessions to help the trader understand the process before committing capital, and to decide if the brokerages' particular trading platform meets the customer's needs.
Finding the right course may take some time, but the extra effort will be more than worth it. As stated above, the forex market is speculative and carries with it a considerable amount of risk. Virtually everyone associated with forex trading advises traders to gain as much knowledge as possible before entering the market. Bottom line: the best way to learn forex currency trading online is to take advantage of all the tools available.
A Review Of "Forex Training Machine"
A Review Of "Forex Training Machine"
by J. Foley
Created by Avi Frister, a veteran Forex Trader, Forex Trading Machine is a revolutionary product within the forex industry. Forex Trading Machine is a 150 page downloadable ebook that is produced by an experienced trader with more than 11 years in the business. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers. The Forex Trading Machine is suitable for even the inexperienced trader as well as veterans in the forex market.
If you are already trading, or thinking of starting to trade, the Forex Markets, then Forex Trading Machine is THE must read Number 1 resource to give you the winning tools to profit in the Forex Market. It is now available to all thanks to this opportunity that Avi Frister gives us to learn how to profit systematically in the Forex market using his Price Driven Forex Trading strategies. The Forex Trading Machine is not just another trading system or quick guide to get started in trading Forex, this is a complete SOLUTION to making money and maximizing your profits.
Forex Trading Machine is suitable for beginners AND veteran traders alike. This guide is not just trading lessons, it is a complete trading solution. The main thing that I regret about buying Forex Trading Machine is that I did'nt buy it sooner.
I've bought many Forex Trading courses, but Forex Trading Machine is by far one of the best. The Forex Trading Machine is now available to all thanks to this opportunity that Avi Frister gives us to learn how to profit systematically in the Forex market using his Price Driven Forex Trading strategies. As you can now see, Forex Trading Machine is not just a trading course, it is a complete trading solution.
From trader's psychology, unique money management formulas, to calculating currency values and reading a currency chart Forex Trading Machine is a complete learning tool for even the most inexperienced trader. The Forex Trading Machine is delivered in the form of two separate PDF files that you can download after purchase. The Forex Trading Machine is the e-book youve got to read. The Forex Trading Machine is not just another trading system or quick guide to get started in trading Forex, this is a complete SOLUTION to making money and maximizing your profits.
by J. Foley
Created by Avi Frister, a veteran Forex Trader, Forex Trading Machine is a revolutionary product within the forex industry. Forex Trading Machine is a 150 page downloadable ebook that is produced by an experienced trader with more than 11 years in the business. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers. The Forex Trading Machine is suitable for even the inexperienced trader as well as veterans in the forex market.
If you are already trading, or thinking of starting to trade, the Forex Markets, then Forex Trading Machine is THE must read Number 1 resource to give you the winning tools to profit in the Forex Market. It is now available to all thanks to this opportunity that Avi Frister gives us to learn how to profit systematically in the Forex market using his Price Driven Forex Trading strategies. The Forex Trading Machine is not just another trading system or quick guide to get started in trading Forex, this is a complete SOLUTION to making money and maximizing your profits.
Forex Trading Machine is suitable for beginners AND veteran traders alike. This guide is not just trading lessons, it is a complete trading solution. The main thing that I regret about buying Forex Trading Machine is that I did'nt buy it sooner.
I've bought many Forex Trading courses, but Forex Trading Machine is by far one of the best. The Forex Trading Machine is now available to all thanks to this opportunity that Avi Frister gives us to learn how to profit systematically in the Forex market using his Price Driven Forex Trading strategies. As you can now see, Forex Trading Machine is not just a trading course, it is a complete trading solution.
From trader's psychology, unique money management formulas, to calculating currency values and reading a currency chart Forex Trading Machine is a complete learning tool for even the most inexperienced trader. The Forex Trading Machine is delivered in the form of two separate PDF files that you can download after purchase. The Forex Trading Machine is the e-book youve got to read. The Forex Trading Machine is not just another trading system or quick guide to get started in trading Forex, this is a complete SOLUTION to making money and maximizing your profits.
Forex Trading - What Are The Best Strategies?
Forex Trading - What Are The Best Strategies?
by Dane Stanton
Forex trading if you haven't heard of it before, involves trading of international currencies on the forex market. The forex market is the most liquid of all the markets and because of this reason there can only be two possible outcomes, you make a lot of money, or you lose a lot! Like most forms of trading, there are many strategies you can use to increase your chances of succeeding in trades rather than failing.
Forex Trading Strategy One - Simple Moving Average
When it comes to forex trading, there is nothing more important that having the ability to read past data from charts. One of the things we can learning from this past data is the Simple Moving Average(SMA). The SMA is usually worked out by taking point's from twelve 15 minute periods and this is usually automatically generated with any forex trading platform.
So how can the SMA help us learn when its' time to buy and when to sell. Well the simple algorithm most traders use is when the price of the currency crosses above the SMA, it's immediately a signal to buy. When it drops below the SMA it's a signal to stop and reverse the trade. The price of the currency you will notice constantly crosses the SMA, therefore using this strategy enables us to basically stay in the game. There are two presets that you can follow, which are generally good strategies for staying in the market, which should be your overall goal. The longer you stay in a market, the more potential money you can make.
Forex Trading Strategy Two - Support And Resistance
The second strategy that a lot of high earning traders tend to use is the basis of support and resistance levels. This is basically when the market tends to reach a certain price repeatedly but fails to surpass it on most occasions. It can be derived by investigating past results and determining where such events have occurred a number of times.
Once you have obtained a price that looks to be a good support and resistance level, we can say that when the price hits that level in the future, it is a good signal that the price is probably going to go down. Of course this is not a 100% accurate strategy but in the world of forex trading nothing is. We just have to extract data that seems to follow a particular trend and trade based on that information.
by Dane Stanton
Forex trading if you haven't heard of it before, involves trading of international currencies on the forex market. The forex market is the most liquid of all the markets and because of this reason there can only be two possible outcomes, you make a lot of money, or you lose a lot! Like most forms of trading, there are many strategies you can use to increase your chances of succeeding in trades rather than failing.
Forex Trading Strategy One - Simple Moving Average
When it comes to forex trading, there is nothing more important that having the ability to read past data from charts. One of the things we can learning from this past data is the Simple Moving Average(SMA). The SMA is usually worked out by taking point's from twelve 15 minute periods and this is usually automatically generated with any forex trading platform.
So how can the SMA help us learn when its' time to buy and when to sell. Well the simple algorithm most traders use is when the price of the currency crosses above the SMA, it's immediately a signal to buy. When it drops below the SMA it's a signal to stop and reverse the trade. The price of the currency you will notice constantly crosses the SMA, therefore using this strategy enables us to basically stay in the game. There are two presets that you can follow, which are generally good strategies for staying in the market, which should be your overall goal. The longer you stay in a market, the more potential money you can make.
Forex Trading Strategy Two - Support And Resistance
The second strategy that a lot of high earning traders tend to use is the basis of support and resistance levels. This is basically when the market tends to reach a certain price repeatedly but fails to surpass it on most occasions. It can be derived by investigating past results and determining where such events have occurred a number of times.
Once you have obtained a price that looks to be a good support and resistance level, we can say that when the price hits that level in the future, it is a good signal that the price is probably going to go down. Of course this is not a 100% accurate strategy but in the world of forex trading nothing is. We just have to extract data that seems to follow a particular trend and trade based on that information.
วันพฤหัสบดีที่ 13 ธันวาคม พ.ศ. 2550
A Novice Forex Traders Guide To Fundamental Analysis
A Novice Forex Traders Guide To Fundamental Analysis
by Monica Hendrix
If you are new to forex trading you have access to a lot of fundamental analysis as the click of a mouse from banks brokers and news wires you can look at and trade upon it - let's look at forex fundamental analysis and how to use it.
A forex trader, who makes trades based upon fundamental analysis, will look at the supply and demand situation in relation to the currency studied, and try and predict the impact of the various factors on its movement and they include:
* Economic growth and economic policy
* Interest rate outlook
* Balance of payments
* Employment
* Trade deficit
* Political Factors
To name but a few but there is a problem when trying to use fundamental analysis:
The facts are there for all to see but price is ultimately decided by millions of different opinions such as you and me and we all draw our own conclusions from the facts and numbers. Furthermore all the news is available in seconds anywhere and this means it is discounted.
With human nature involved and the fact that fundamental analysis is quickly discounted it is almost impossible for the novice trader to execute trading signals on.
If you want a graphic example of how forex fundamental analysis won't help you make money consider this fact:
The ratio of winners to losers is the same today as it was 50 years ago and this is despite better news more of it and faster communications. So if you are thinking of trading it think again.
A far easier way is to study charts and use technical analysis.
A technical approach takes into account both the supply and demand situation, as well as investor psychology. We can see the impact of both at once and reflected in the price.
Many traders don't believe that technical analysis works, as it can't take into account the fundamentals but this is not correct:
Technical analysis assumes that all known fundamentals are going to show up instantly in price action. Technical analysis therefore is simply a short cut way of taking into account the fundamentals and more importantly takes into account human psychology.
The equation for market movement is:
Supply and demand factors + Human perception (investor psychology) = Price action
So if you are thinking of trading using forex fundamental analysis, you can save yourself a lot of time and increase your chances of success, by taking a technical approach - that reflects ALL the factors that influence price and increase your odds of success.
With technical analysis you act on the reality of price - not opinions and therefore trade the truth and not what you or anyone else thinks it might be.
by Monica Hendrix
If you are new to forex trading you have access to a lot of fundamental analysis as the click of a mouse from banks brokers and news wires you can look at and trade upon it - let's look at forex fundamental analysis and how to use it.
A forex trader, who makes trades based upon fundamental analysis, will look at the supply and demand situation in relation to the currency studied, and try and predict the impact of the various factors on its movement and they include:
* Economic growth and economic policy
* Interest rate outlook
* Balance of payments
* Employment
* Trade deficit
* Political Factors
To name but a few but there is a problem when trying to use fundamental analysis:
The facts are there for all to see but price is ultimately decided by millions of different opinions such as you and me and we all draw our own conclusions from the facts and numbers. Furthermore all the news is available in seconds anywhere and this means it is discounted.
With human nature involved and the fact that fundamental analysis is quickly discounted it is almost impossible for the novice trader to execute trading signals on.
If you want a graphic example of how forex fundamental analysis won't help you make money consider this fact:
The ratio of winners to losers is the same today as it was 50 years ago and this is despite better news more of it and faster communications. So if you are thinking of trading it think again.
A far easier way is to study charts and use technical analysis.
A technical approach takes into account both the supply and demand situation, as well as investor psychology. We can see the impact of both at once and reflected in the price.
Many traders don't believe that technical analysis works, as it can't take into account the fundamentals but this is not correct:
Technical analysis assumes that all known fundamentals are going to show up instantly in price action. Technical analysis therefore is simply a short cut way of taking into account the fundamentals and more importantly takes into account human psychology.
The equation for market movement is:
Supply and demand factors + Human perception (investor psychology) = Price action
So if you are thinking of trading using forex fundamental analysis, you can save yourself a lot of time and increase your chances of success, by taking a technical approach - that reflects ALL the factors that influence price and increase your odds of success.
With technical analysis you act on the reality of price - not opinions and therefore trade the truth and not what you or anyone else thinks it might be.
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