Forex Trading - The Critical Two Elements ALL Successful Traders Need
by Kelly Price
There are two elements to a successful Forex trading strategy but most traders fail to understand how the two elements combine to make a profitable Forex trading strategy. Most traders don't understand the link and lose...
The first element you need and you probably guessed - you need a robust, simple, forex trading system based on sound logic - most traders however cannot even get this right and make these critical errors.
1. Use a Forex Robot that's Been Back Tested
They then think this should work in real time and of course it doesn't. If you have all the data and bend the track record to fit you get profit in hindsight - but going forward no two data segments repeat exactly the same and the system collapses in real time. Most traders follow these automatic trading systems and all the ones with simulations destroy equity.
2. Day Trading and Scalping Strategy
The logic of doing this form of trading is dumb - all volatility in short term time frames is random, so you can never win.
3. Predictive Mathematics
Predicting is hoping and guessing and you won't win at Forex doing that. Also markets don't move to a mathematical formula, only the odds - so a complicated theory can be very clever but the market won't respect it, as it doesn't move to maths - period.
To win your strategy should be simple. Simple Forex trading systems work best as they are more robust in the brutal world of trading and you should always trade the reality of price change and not try and predict.
Now the next element is the hard part.
The Keys of Confidence and Discipline
You need the discipline to apply your method through periods of losses, stay on track with your trading signals until you hit a home run - it's not easy, here's why:
Many people online claim that you will suffer little or no drawdown periods and they don't last long - rubbish! Even the best traders in the world suffer weeks or months of losing periods, sure they win longer term - but these periods happen to them and they will happen to you.
When they do, you need to trade through them as the market wrong foots you and hands you losses and its hard to do for most traders.
You need to have confidence in what you are doing and this will be transmitted into discipline. You will never have discipline, if you don't have confidence and that is why you need to know what you're doing, even if you are following someone else's trading system.
Get the right forex education, get a simple, robust, logical method, learn it and have confidence in it. You will then have the discipline to win and enjoy currency trading success.
วันอังคารที่ 28 ตุลาคม พ.ศ. 2551
Get ready for Forex Trading
Get ready for Forex Trading
by Rickey Dickerson
Forex (foreign exchange) is an exciting business for many investor. The foreign exchange market is extremely enormous, and indeed the size is threefold bigger than the stock market. The financal instrument being traded in the Forex market is currency. And investors make money by buying and selling currencies. Currency of a country reflects the econonmy of the involved country. And when the economy of a country is expected to grow, the value of the currency will appreciate relative to other countries.
The Forex market is so huge that, not a single entity can be able to control the price of a currency for a prolonged period of time. Unlike the stock market, foreign currency trading takes place around the clock, 7 day a week. The market never stops to run. For this reason, the foreign exchange market is attractive to investors who wish to trade anytime at their convenience. On top of that, participating in the forex trading requires small intial capital, and effectively you only need to meet the balance requirement for the trading account. There is no minimum lot size for each transaction, and this is a significant difference between forex and stock markets.
Despite the convenience and ease to trade, the risk of forex is very high, and you can easily lose money in no time. Forex trading allows you to leverage your returns by means of borrowing margins. You can effectively buy and selll 10,000 dollars with only 500 in your balance. However, with higher rewards, there is also equivalent level of risk you need to take care. If you lose the money, you have to clear the margin balance.
Due to the high volatility and liquidity of forex market, you should fully evaluate your risk tolerance and capital in hand. Fortunately, online brokerage services usually offer free demo accounts to get you started in the real market without spending any money. You can test drive these services and understand if forex trading is really suitable for you.
To succeed in forex trading, there is a very key element - a rational mindset. If you are emotional and eager to make money, take my advice and quit from forex trading. You should expect loss of 1000s before you can be comfortable with the forex game. However once you can get over the failures, you will soon formulate your own strategies that help you win on a consistent basis. Forex is not gambling, and experience counts. But it definitely takes time to proceed to the stage where you can trade comfortably. Good luck with forex trading!
by Rickey Dickerson
Forex (foreign exchange) is an exciting business for many investor. The foreign exchange market is extremely enormous, and indeed the size is threefold bigger than the stock market. The financal instrument being traded in the Forex market is currency. And investors make money by buying and selling currencies. Currency of a country reflects the econonmy of the involved country. And when the economy of a country is expected to grow, the value of the currency will appreciate relative to other countries.
The Forex market is so huge that, not a single entity can be able to control the price of a currency for a prolonged period of time. Unlike the stock market, foreign currency trading takes place around the clock, 7 day a week. The market never stops to run. For this reason, the foreign exchange market is attractive to investors who wish to trade anytime at their convenience. On top of that, participating in the forex trading requires small intial capital, and effectively you only need to meet the balance requirement for the trading account. There is no minimum lot size for each transaction, and this is a significant difference between forex and stock markets.
Despite the convenience and ease to trade, the risk of forex is very high, and you can easily lose money in no time. Forex trading allows you to leverage your returns by means of borrowing margins. You can effectively buy and selll 10,000 dollars with only 500 in your balance. However, with higher rewards, there is also equivalent level of risk you need to take care. If you lose the money, you have to clear the margin balance.
Due to the high volatility and liquidity of forex market, you should fully evaluate your risk tolerance and capital in hand. Fortunately, online brokerage services usually offer free demo accounts to get you started in the real market without spending any money. You can test drive these services and understand if forex trading is really suitable for you.
To succeed in forex trading, there is a very key element - a rational mindset. If you are emotional and eager to make money, take my advice and quit from forex trading. You should expect loss of 1000s before you can be comfortable with the forex game. However once you can get over the failures, you will soon formulate your own strategies that help you win on a consistent basis. Forex is not gambling, and experience counts. But it definitely takes time to proceed to the stage where you can trade comfortably. Good luck with forex trading!
Forex Avenger Review
Forex Avenger Review
by mandy
One of the most powerful forex trading system online is the Forex Avenger by Dave Curran. As usual I could not find a single informative and complete Forex Avenger review. I have decided to review Forex Avenger to provide a sort Cliffs notes reading summary to save you time and money. And to give you substantive material if you want to make an informed purchasing decision. Let start with our Forex Avenger Review.
What is Forex Avenger? It is an automated forex trading system, a 100% mechanical forex trading system that will give you perfect timing to place your trades, exit your trades and set aside from the market. This system was created by Dave Curran who spend almost 8 years of testing, researching and perfecting the system. Like the many creator of almost all automated forex trading system, Dave bought a lot of trading manuals, attend a lot of seminars and acquired a lot of information about making real money from forex. He does everything to make a guaranteed income from forex, with this intention in my mind, he created the Forex Avenger. A very powerful forex trading system that has withstand any market condition.
How can Forex Avenger can change your trading success? It will provide you everything you need to start making real money. It will give you 10 easy to watch pc video which explains everything for your reference. It will also give you a pdf report explaining more about the forex system. You will learn here the meaning of a short trade and long trades. You will also get to learn everything about advanced strategy that you ca use to start making real money from forex. You will also learn how to trade with the trend.
What are the difference of Forex Avenger from the many forex trading system online? Forex Avenger revolves around one chart. It trade only one currency and that is EUR/USD. The #1 priority of the system is to preserve your capital. It has a solid rock money management rules protecting evry single cents that you invest. The system will teach you how to last enough to become successful unlike the many forex trading system that you already used that make you even out of money before you have the chance to learn the system. The system is also easy to implement and very quick to learn. It can nail trade after trade with enhanced 82.69% accuracy.
Forex Market is traded electronically via computer. It can be traded any where as long as you have internet connection. Not everyone find success in this kind of business but I will tell you this is the most easiest way to start making real income from the largest market in the world. Forex Avenger is a tool, a system that you can use to start making profits from forex trading without having to do any hardship that most traders usually experienced. The system has been proven and tested. All you have to do is plug and allow the system to do it's own job.
For our conclusion, Forex Avenger is an automated forex trading system that you can actually use and depend to start making real money from forex trading. With this system you will have the ability to follow a proven plan ad the ability to be focused and disciplined. I will highly recommend the system even if you are just a beginner or no trading knowledge at all. The system is one of the easiest and yet so powerful! Visit Forex Avenger official site now!
by mandy
One of the most powerful forex trading system online is the Forex Avenger by Dave Curran. As usual I could not find a single informative and complete Forex Avenger review. I have decided to review Forex Avenger to provide a sort Cliffs notes reading summary to save you time and money. And to give you substantive material if you want to make an informed purchasing decision. Let start with our Forex Avenger Review.
What is Forex Avenger? It is an automated forex trading system, a 100% mechanical forex trading system that will give you perfect timing to place your trades, exit your trades and set aside from the market. This system was created by Dave Curran who spend almost 8 years of testing, researching and perfecting the system. Like the many creator of almost all automated forex trading system, Dave bought a lot of trading manuals, attend a lot of seminars and acquired a lot of information about making real money from forex. He does everything to make a guaranteed income from forex, with this intention in my mind, he created the Forex Avenger. A very powerful forex trading system that has withstand any market condition.
How can Forex Avenger can change your trading success? It will provide you everything you need to start making real money. It will give you 10 easy to watch pc video which explains everything for your reference. It will also give you a pdf report explaining more about the forex system. You will learn here the meaning of a short trade and long trades. You will also get to learn everything about advanced strategy that you ca use to start making real money from forex. You will also learn how to trade with the trend.
What are the difference of Forex Avenger from the many forex trading system online? Forex Avenger revolves around one chart. It trade only one currency and that is EUR/USD. The #1 priority of the system is to preserve your capital. It has a solid rock money management rules protecting evry single cents that you invest. The system will teach you how to last enough to become successful unlike the many forex trading system that you already used that make you even out of money before you have the chance to learn the system. The system is also easy to implement and very quick to learn. It can nail trade after trade with enhanced 82.69% accuracy.
Forex Market is traded electronically via computer. It can be traded any where as long as you have internet connection. Not everyone find success in this kind of business but I will tell you this is the most easiest way to start making real income from the largest market in the world. Forex Avenger is a tool, a system that you can use to start making profits from forex trading without having to do any hardship that most traders usually experienced. The system has been proven and tested. All you have to do is plug and allow the system to do it's own job.
For our conclusion, Forex Avenger is an automated forex trading system that you can actually use and depend to start making real money from forex trading. With this system you will have the ability to follow a proven plan ad the ability to be focused and disciplined. I will highly recommend the system even if you are just a beginner or no trading knowledge at all. The system is one of the easiest and yet so powerful! Visit Forex Avenger official site now!
Forex Autopilot Reviews - How Much Money Can You Make With It?
Forex Autopilot Reviews - How Much Money Can You Make With It?
by Tony Brown
Reviews of Forex Autopilot or of any forex trading software usually revolve around the various features of each software and what it can or can't do technically. But in this forex autopilot review, I'm going to take a different approach and touch upon the thing which really interests us all, and that is the subject of money. After all, that is the reason you're considering getting Forex Auto Pilot in the first place, isn't it?
So, how much money can you really make with Forex Auto Pilot? Is it worth the investment of getting the software?
First of all, the entire price of Forex Autopilot is less than $100, so even if you make a tiny profit with it, you've already made back your money.
Second, the amount of money you can make with this software depends on a number of factors:
1. How well do you operate the software. Forex Autopilot isn't complicated but you still need to learn how to operate it well before starting to trade heavily with it. Spend 2 weeks making sure you know exactly how the software works. It will be worth it.
2. The amount of money you trade. How much money you can make is, of course, dependent on how much you trade. You can't make a million overnight if all you're trading is $1000. Don't get me wrong: I'm not suggesting you trade your whole life savings, but just be aware that money breeds more money.
3. How well you know the forex market. This review of Forex Autopilot would be less than perfect if I didn't emphasize the importance of knowing how the market actually works. Forex Auto pilot is a tool you can use to make more money. Sure, in that sense, it's great. The more you know the market and how it works the more money you're likely to make and faster than ever before.
by Tony Brown
Reviews of Forex Autopilot or of any forex trading software usually revolve around the various features of each software and what it can or can't do technically. But in this forex autopilot review, I'm going to take a different approach and touch upon the thing which really interests us all, and that is the subject of money. After all, that is the reason you're considering getting Forex Auto Pilot in the first place, isn't it?
So, how much money can you really make with Forex Auto Pilot? Is it worth the investment of getting the software?
First of all, the entire price of Forex Autopilot is less than $100, so even if you make a tiny profit with it, you've already made back your money.
Second, the amount of money you can make with this software depends on a number of factors:
1. How well do you operate the software. Forex Autopilot isn't complicated but you still need to learn how to operate it well before starting to trade heavily with it. Spend 2 weeks making sure you know exactly how the software works. It will be worth it.
2. The amount of money you trade. How much money you can make is, of course, dependent on how much you trade. You can't make a million overnight if all you're trading is $1000. Don't get me wrong: I'm not suggesting you trade your whole life savings, but just be aware that money breeds more money.
3. How well you know the forex market. This review of Forex Autopilot would be less than perfect if I didn't emphasize the importance of knowing how the market actually works. Forex Auto pilot is a tool you can use to make more money. Sure, in that sense, it's great. The more you know the market and how it works the more money you're likely to make and faster than ever before.
Forex Killer or Forex AutoPilot - Which Should You Choose?
Forex Killer or Forex AutoPilot - Which Should You Choose?
by Tony Brown
There are many forex trading softwares on the market for the average trader to choose from, and this isn't an easy choice to make since there are many scam softwares, and more than a couple good ones. However, the 2 softwares which consistently enjoy one of the best reputations are Forex Killer and Forex Autopilot. Often, the decision to which software to acquire comes down to one of these 2.
So, which is better: Forex Killer of ForexAutopilot? At first, this seems like a difficult decision to make since both softwares can make you money on the Foreign Exchange market. But when you compare Forex Killer to Forex Auto Pilot, you see that these 2 softwares are as different as night and day.
Forex Killer
This is a signal advisory software. This means that this software doesn't trade automatically for you. It simply analyzes the market data, runs its calculations, uses its interior mathematical models, and presents you with an a recommended trading strategy. What you need to do is take this recommended strategy and feed it to your broker. The calculations help you make more money, but the one who does the actual trading is you.
Forex AutoPilot
Forex Auto Pilot actually does the trading for you automatically without you even taking part in the actual process. This means that you need to do even less than you do with Forex Killer, but it also means that you have less control of the actual trading process. The main advantage is that you don't need to do much more than check the set up of the software.
And that is how you choose which of these 2 softwares to choose: Forex Killer lets you have more control which suits some people who like to play a part in everything they do. Forex Autopilot is suitable for people who want things done for them. Just choose according to what your character tells you.
by Tony Brown
There are many forex trading softwares on the market for the average trader to choose from, and this isn't an easy choice to make since there are many scam softwares, and more than a couple good ones. However, the 2 softwares which consistently enjoy one of the best reputations are Forex Killer and Forex Autopilot. Often, the decision to which software to acquire comes down to one of these 2.
So, which is better: Forex Killer of ForexAutopilot? At first, this seems like a difficult decision to make since both softwares can make you money on the Foreign Exchange market. But when you compare Forex Killer to Forex Auto Pilot, you see that these 2 softwares are as different as night and day.
Forex Killer
This is a signal advisory software. This means that this software doesn't trade automatically for you. It simply analyzes the market data, runs its calculations, uses its interior mathematical models, and presents you with an a recommended trading strategy. What you need to do is take this recommended strategy and feed it to your broker. The calculations help you make more money, but the one who does the actual trading is you.
Forex AutoPilot
Forex Auto Pilot actually does the trading for you automatically without you even taking part in the actual process. This means that you need to do even less than you do with Forex Killer, but it also means that you have less control of the actual trading process. The main advantage is that you don't need to do much more than check the set up of the software.
And that is how you choose which of these 2 softwares to choose: Forex Killer lets you have more control which suits some people who like to play a part in everything they do. Forex Autopilot is suitable for people who want things done for them. Just choose according to what your character tells you.
วันพฤหัสบดีที่ 23 ตุลาคม พ.ศ. 2551
About Forex Trading
About Forex Trading
by Ivan Tan
Forex trading is also known as foreign currency trading and is known to many as FX market. The market has only one commodity for sale and for purchase. Currency is sold and purchased in this virtual market. The FX market is thus the only market in the globe that sells and purchases the same thing. The forex market is thought to be undertaking more than 2.8 trillion dollars' transactions per day. This is much greater than the value of the total equity share transactions in the US in fact it is about thirty times more than the equity market.
The main traders of the currency are the central banks, the numerous commercial banks, other traders, private investors etc. The major share of the transactions related to forex trade is attributed to the commercial banks and the central banks. This trade sustains on the fact that the value of a currency does not remain stable. The value of a currency if increases can be sold out to buy other less valuable currencies and this activity in turn is profitable. The value of a countries' dollar stock is thought to be its strength. The country's central bank sells dollar when the value of dollar decreases; and in turn buy its own currency thus there is a margin of gain. This means that the value of the country's currency has risen; this is a positive for the country.
The fluctuation in the value of any currency is attributed to the socio economic factors related to the country. This means that when any significant change in the political climate can lead to the change in the value of the currency.
The forex trade is indeed unique in its own rights. The dealers display two boards in front of their desk these will be the bid price and the ask price. The bid price is the price for selling the base currency. The ask price is the price for which the base currency is sold.
While purchasing a currency the buyer has to pay an amount more than its original price. This increase in the price is thought to be the equivalent to the commission. No commission fee is charged for trading in the forex market. This is the hidden fee to the dealer or more correctly this is the profit of the dealer.
When taking the loss to gain ratio it is almost equivalent to 7:3. It is thus a highly risky affair. Majority of the moneymakers are the shrewd traders who operate from their houses. The majority of the looser category is the traders who are not bothered about the basics of the forex trading and who are the ones who are incapable of controlling their emotions.
The majority of the traders who gain money are those who are the ones who make accurate calculations and the ones who are more vigilant to the day-to-day happenings. The professional approach is the key to success of any forex trader. The majority of the winners are the ones who crave for perfection in their deals and the ones who are tireless at their work.
by Ivan Tan
Forex trading is also known as foreign currency trading and is known to many as FX market. The market has only one commodity for sale and for purchase. Currency is sold and purchased in this virtual market. The FX market is thus the only market in the globe that sells and purchases the same thing. The forex market is thought to be undertaking more than 2.8 trillion dollars' transactions per day. This is much greater than the value of the total equity share transactions in the US in fact it is about thirty times more than the equity market.
The main traders of the currency are the central banks, the numerous commercial banks, other traders, private investors etc. The major share of the transactions related to forex trade is attributed to the commercial banks and the central banks. This trade sustains on the fact that the value of a currency does not remain stable. The value of a currency if increases can be sold out to buy other less valuable currencies and this activity in turn is profitable. The value of a countries' dollar stock is thought to be its strength. The country's central bank sells dollar when the value of dollar decreases; and in turn buy its own currency thus there is a margin of gain. This means that the value of the country's currency has risen; this is a positive for the country.
The fluctuation in the value of any currency is attributed to the socio economic factors related to the country. This means that when any significant change in the political climate can lead to the change in the value of the currency.
The forex trade is indeed unique in its own rights. The dealers display two boards in front of their desk these will be the bid price and the ask price. The bid price is the price for selling the base currency. The ask price is the price for which the base currency is sold.
While purchasing a currency the buyer has to pay an amount more than its original price. This increase in the price is thought to be the equivalent to the commission. No commission fee is charged for trading in the forex market. This is the hidden fee to the dealer or more correctly this is the profit of the dealer.
When taking the loss to gain ratio it is almost equivalent to 7:3. It is thus a highly risky affair. Majority of the moneymakers are the shrewd traders who operate from their houses. The majority of the looser category is the traders who are not bothered about the basics of the forex trading and who are the ones who are incapable of controlling their emotions.
The majority of the traders who gain money are those who are the ones who make accurate calculations and the ones who are more vigilant to the day-to-day happenings. The professional approach is the key to success of any forex trader. The majority of the winners are the ones who crave for perfection in their deals and the ones who are tireless at their work.
How to find an ethical Forex Trading Broker?
How to find an ethical Forex Trading Broker?
by Ivan Tan
The foreign exchange trading (Forex trading) is a highly volatile but profitable online trading which involves hundreds of billion dollars daily. Online Forex brokers thrive hard to gain from the huge market. There is a significant growth in the number of online Forex brokers. So, you have to give high attention before you ask someone to be your trading partner. Some essential tips are given below to have a hassle free trading.
Online Forex trading practices decentralized method for the easy transaction of foreign currency but some unprincipled brokers gain advantage from this market method. You have to be very vigilant for not to be trapped with such fraudulent brokers. Please stick on to the below given tips to avoid fraudulent.
1. Please ensure that you have contacted all of the references provided by the broker. Give an ear to their opinion about the broker. But, do not choose the broker by relying only to the endorsement of the references.
2. Make sure that the broker has proper registration with local regulatory authorities. For US based brokers, you can cross check their registrations as FCMs (Futures Commission Merchants) with the CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association).
3. Verify their account requirements like Minimum deposit, leverage, and, spreads and never fail to compare the rate with other brokers. Ask them whether they levy any commission or lot fees or are there any hidden fees. Some fraudulent brokers charge hidden fees.
4. Select only brokers who provide user friendly environment because it will help you to understand the trading and can easily navigate through their website. Double check the facts (such as chart) given in the website of the broker; there is a chance of exaggeration in those information. Some websites facilitate new users to have a demo account in order to acclimatize with the new trading environment.
5. Some brokers may trick you by quoting significantly low commission and spreads. In this case, there are chances of requoting by the broker. It means the broker requote you and not the prices called by you for the two currency trading.
6. Requtoing by the broker once in a blue moon is a normal practice but if you find the broker do it often, you must be very vigilant. Requoting may cost you more than 9pips. It is advised that you must select only brokers who adopt 'no requoting' policy.
by Ivan Tan
The foreign exchange trading (Forex trading) is a highly volatile but profitable online trading which involves hundreds of billion dollars daily. Online Forex brokers thrive hard to gain from the huge market. There is a significant growth in the number of online Forex brokers. So, you have to give high attention before you ask someone to be your trading partner. Some essential tips are given below to have a hassle free trading.
Online Forex trading practices decentralized method for the easy transaction of foreign currency but some unprincipled brokers gain advantage from this market method. You have to be very vigilant for not to be trapped with such fraudulent brokers. Please stick on to the below given tips to avoid fraudulent.
1. Please ensure that you have contacted all of the references provided by the broker. Give an ear to their opinion about the broker. But, do not choose the broker by relying only to the endorsement of the references.
2. Make sure that the broker has proper registration with local regulatory authorities. For US based brokers, you can cross check their registrations as FCMs (Futures Commission Merchants) with the CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association).
3. Verify their account requirements like Minimum deposit, leverage, and, spreads and never fail to compare the rate with other brokers. Ask them whether they levy any commission or lot fees or are there any hidden fees. Some fraudulent brokers charge hidden fees.
4. Select only brokers who provide user friendly environment because it will help you to understand the trading and can easily navigate through their website. Double check the facts (such as chart) given in the website of the broker; there is a chance of exaggeration in those information. Some websites facilitate new users to have a demo account in order to acclimatize with the new trading environment.
5. Some brokers may trick you by quoting significantly low commission and spreads. In this case, there are chances of requoting by the broker. It means the broker requote you and not the prices called by you for the two currency trading.
6. Requtoing by the broker once in a blue moon is a normal practice but if you find the broker do it often, you must be very vigilant. Requoting may cost you more than 9pips. It is advised that you must select only brokers who adopt 'no requoting' policy.
3 Key Facts For Successful Day Trading
3 Key Facts For Successful Day Trading
by Charlie Cory
Day trading is a method of trading on the foreign currency exchange market in which a dealer completes all his trades in a single day. In other words, he may make a few dozen - or more - trades in a day with the aim of buying and selling swiftly and making a profit from the fluctuations in a currency exchange rate over the course of the day.
Does this explanation sound complex? Depending on how you pick your trades it can be. There are a number of systems and methods available, some of which can be quite daunting, especially to a novice investor. In a nutshell, the idea behind day trading is that currency exchange rates are subject to fluctuations over the course of the day. They might go up and they might go down depending on who's buying, who's selling and what rumours are floating around the market, or what news is currently being shown; particularly with respect to business. In fact, day trading in the foreign currency market is almost certainly the single segment of any type of stocks, currency or futures trading market most affected by rumours and real-time, real-world events. A savvy broker who is quick on his feet can roll up the profits by paying attention to how the current news bulletin is affecting the currency exchange rates.
The currency market, usually referred to as the Forex (short for Foreign Exchange), is the most liquid market in the world. The most recent data says that daily trading on Forex is in excess of $1.3 trillion U.S. dollars. That makes Forex the world's biggest, most proficient market. A major part of the reason for the liquidity and size of trade is the practice of day trading. The main difference between day trading and other types of trading (such as stocks or futures) is in how long you hold your investment. In the world of day trading, you hold nothing after the close of the day's market, so everything becomes liquid. Think of it as a game in which the object is to keep trading cards back and forward, growing the value of your cards, but you have no cards in your hand at the end of the day.
Of course, since the currency market is a 24 hour market, there actually IS no market closing - so the system changes somewhat. The currency market is open from Sunday afternoon to Friday afternoon, with trading going on all the time, so you can pick your period to trade rather than being locked into the Stock Exchange timetable.
How You Make Money in Day Trading
People will tell you that the distinction between a day trader and an investor is the length of time that each holds onto their stocks. If you analyse Forex Trading deeply, you will know that this is a largely superficial difference. The real distinction is in the approach of short-term vs. long-term and liquidity. An investor buys something that he believes will gradually grow in value, and holds onto it for the long haul. A day trader will ride the minuscule changes in the currency market minute by minute; almost the way a surfer will ride a wave. Because you're trading in lots of say 200,000, a tiny variation can mean a big profit - or equally a huge loss.
Limiting Loss in Day Trading
One of the hardest concepts for new traders to comprehend is that of limiting loss. Let's say you make a trade for a currency that is heading down because you believe that it's near its support point - the point where it will bounce back and start heading back up. Instead of behaving as you expect, it breaks the point and keeps heading down - you're losing money instead of making it. You have two choices - hold onto it because you KNOW it will start heading back up soon, or get rid of it and control the quantity of money you're going to lose. The name of the game is to limit your losses and maximise your wins. You should decide ahead of time just how much you'll allow each trade to lose before you sell it, and then STICK TO YOUR LIMIT. Equally, you should decide how much profit you want to make at the start of trading, set a sell order for when the currency reaches that point, and then sell when it hits the mark.
It Might Sound Obvious, But Know What You Are Doing.
Day trading on the Forex is like any other industry. The people who make money are the ones who take the time to learn the market and appreciate the ins and outs of the trades that they make. Those who jump in feet first without learning the terminology, rules and trends of the Forex market are priming themselves to lose - and lose big. You must remember that there is no such thing as potential profit without the equivalent risk of losing money. Most importantly, before you leap in, find a course that teaches you Day Trading, and learn it! You cannot hope to be a successful trader without understanding the business that you are in.
by Charlie Cory
Day trading is a method of trading on the foreign currency exchange market in which a dealer completes all his trades in a single day. In other words, he may make a few dozen - or more - trades in a day with the aim of buying and selling swiftly and making a profit from the fluctuations in a currency exchange rate over the course of the day.
Does this explanation sound complex? Depending on how you pick your trades it can be. There are a number of systems and methods available, some of which can be quite daunting, especially to a novice investor. In a nutshell, the idea behind day trading is that currency exchange rates are subject to fluctuations over the course of the day. They might go up and they might go down depending on who's buying, who's selling and what rumours are floating around the market, or what news is currently being shown; particularly with respect to business. In fact, day trading in the foreign currency market is almost certainly the single segment of any type of stocks, currency or futures trading market most affected by rumours and real-time, real-world events. A savvy broker who is quick on his feet can roll up the profits by paying attention to how the current news bulletin is affecting the currency exchange rates.
The currency market, usually referred to as the Forex (short for Foreign Exchange), is the most liquid market in the world. The most recent data says that daily trading on Forex is in excess of $1.3 trillion U.S. dollars. That makes Forex the world's biggest, most proficient market. A major part of the reason for the liquidity and size of trade is the practice of day trading. The main difference between day trading and other types of trading (such as stocks or futures) is in how long you hold your investment. In the world of day trading, you hold nothing after the close of the day's market, so everything becomes liquid. Think of it as a game in which the object is to keep trading cards back and forward, growing the value of your cards, but you have no cards in your hand at the end of the day.
Of course, since the currency market is a 24 hour market, there actually IS no market closing - so the system changes somewhat. The currency market is open from Sunday afternoon to Friday afternoon, with trading going on all the time, so you can pick your period to trade rather than being locked into the Stock Exchange timetable.
How You Make Money in Day Trading
People will tell you that the distinction between a day trader and an investor is the length of time that each holds onto their stocks. If you analyse Forex Trading deeply, you will know that this is a largely superficial difference. The real distinction is in the approach of short-term vs. long-term and liquidity. An investor buys something that he believes will gradually grow in value, and holds onto it for the long haul. A day trader will ride the minuscule changes in the currency market minute by minute; almost the way a surfer will ride a wave. Because you're trading in lots of say 200,000, a tiny variation can mean a big profit - or equally a huge loss.
Limiting Loss in Day Trading
One of the hardest concepts for new traders to comprehend is that of limiting loss. Let's say you make a trade for a currency that is heading down because you believe that it's near its support point - the point where it will bounce back and start heading back up. Instead of behaving as you expect, it breaks the point and keeps heading down - you're losing money instead of making it. You have two choices - hold onto it because you KNOW it will start heading back up soon, or get rid of it and control the quantity of money you're going to lose. The name of the game is to limit your losses and maximise your wins. You should decide ahead of time just how much you'll allow each trade to lose before you sell it, and then STICK TO YOUR LIMIT. Equally, you should decide how much profit you want to make at the start of trading, set a sell order for when the currency reaches that point, and then sell when it hits the mark.
It Might Sound Obvious, But Know What You Are Doing.
Day trading on the Forex is like any other industry. The people who make money are the ones who take the time to learn the market and appreciate the ins and outs of the trades that they make. Those who jump in feet first without learning the terminology, rules and trends of the Forex market are priming themselves to lose - and lose big. You must remember that there is no such thing as potential profit without the equivalent risk of losing money. Most importantly, before you leap in, find a course that teaches you Day Trading, and learn it! You cannot hope to be a successful trader without understanding the business that you are in.
วันเสาร์ที่ 18 ตุลาคม พ.ศ. 2551
Improve Forex Trading
Improve Forex Trading
by Naomi West
There are many people who will enter the business of Forex trading before getting an idea of what they are getting themselves into. They do not understand that it can be a very complicated world and they setting goals that are too high will only make things worse for them.
There are a few simple steps that will help each trader to improve their trading by almost 100%.
Don't trade on anything that is less then 4H charts. Those of you who are new to the business must follow this rule to the letter. This is what will help your trading account to grow. The higher the time frame is the easier it will be to make money. If done correctly you will notice that your account will grow by almost 15% every month. This is by only taking 2 to 4 trades a month.
Only accept the A trades. This is when you must exercise your patience. I know that this can be very difficult - but it must be done. You need to plan out the trades you want and then wait for them to be set up properly before you move in on them.
Don't ever risk more than 3% of your trader account. I don't care if your stop is at 150 pips or even 30 pips. You need to make sure that what you risk is exactly the same.
Keep it simple. Keep your core system simple and you will see better results.
Exercise price action. There is nothing wrong with signs that point you to keeping to a minimum. You need to start learning how to read price action and knowing how to put it to good use. This is one of the more important Forex trading techniques to follow.
Don't trade too much. This is the one problem that many traders have. Sometimes the less you trade the less you will lose and the more money you will gain. Make sure to plan out before you take any action to prevent this.
by Naomi West
There are many people who will enter the business of Forex trading before getting an idea of what they are getting themselves into. They do not understand that it can be a very complicated world and they setting goals that are too high will only make things worse for them.
There are a few simple steps that will help each trader to improve their trading by almost 100%.
Don't trade on anything that is less then 4H charts. Those of you who are new to the business must follow this rule to the letter. This is what will help your trading account to grow. The higher the time frame is the easier it will be to make money. If done correctly you will notice that your account will grow by almost 15% every month. This is by only taking 2 to 4 trades a month.
Only accept the A trades. This is when you must exercise your patience. I know that this can be very difficult - but it must be done. You need to plan out the trades you want and then wait for them to be set up properly before you move in on them.
Don't ever risk more than 3% of your trader account. I don't care if your stop is at 150 pips or even 30 pips. You need to make sure that what you risk is exactly the same.
Keep it simple. Keep your core system simple and you will see better results.
Exercise price action. There is nothing wrong with signs that point you to keeping to a minimum. You need to start learning how to read price action and knowing how to put it to good use. This is one of the more important Forex trading techniques to follow.
Don't trade too much. This is the one problem that many traders have. Sometimes the less you trade the less you will lose and the more money you will gain. Make sure to plan out before you take any action to prevent this.
Great Forex Trading Tips to help you Improve your Profits
Great Forex Trading Tips to help you Improve your Profits
Trading the Foreign Exchange Markets (Forex or FX) can certainly produce a very fashionable life style leading to self employment and financial independences. What I am going to focus on in this article are three essentials Forex trading tips every professional trader either learns the easy way or the hard way. To be honest with you, most of them have learned the hard way. Learning to trade the currency is not like learning to hit a 100 MPH fastball that only one in a million can accomplish. In fact, it is quite easy to learn to trade Forex profitably; it is the other aspects of the profession that sink most investors, which I am going to help you avoid.
IT IS NOT A GAME
I am sure you are wondering what I could possibly mean by that. If you have been doing this long enough you know that there are certain times they are just about depositing funds in your bank account. An example of this would be recently the strong correlation the US dollar has had to the Gold and Oil markets. There was a period of time all you had to do was determine which way the dollar was trending and you knew Gold and Oil where going in opposite directions.
Even trained monkeys where making huge profits when this was happening, but guess what those opportunities are not there all the time. This is the first tip, DO NOT CHACE THE ACTION! Let it come to you, it doesn't come to you all the time. What happens is people start making so much money they just can't wait to jump back in and do it all over again. So, at any little sign there is a buying opportunity they jump in just to get that adrenaline flowing again. Which is where the loses start occurring. You really must be patient and stick to what ever trading method you are utilizing and wait for the GREAT trades to come along and not the AVERAGE trades which you are getting into just to make things interesting.
MONEY MANAGEMENT
I have news for you, if you have a $1,000 in you account you are not going to make $1,000 a day off that money. You might do it one time, but then you will lose the next ten times chasing that one winning great trade you made. Each professional trader has a specific percentage of their funds they will risk on any one trade which is just a small portion of their overall balance. The biggest mistake the novice investor makes is they attempt to increase their available funds to trade with to quickly. It is difficult to stress patients and percentages enough, but then again even the professionals usually learn this on their own.
RISK MANAGEMENT
The corner stone to every professional trader's portfolio is managing risk on a daily basis. Some do it by day trading, thus entering and exiting the market daily eliminating any over night downfalls in their trade. Others manage risk through the use of Stop Losses. This also is another major mistake the novice trader makes by setting their stop loses to low verse the take profits.
Managing your stop loses verse your take profits is a real art form that not only takes knowledge, but is also developed through experience. If you set your SL to tight, even the slightest turn in the market and you're out, never giving yourself a chance to make the huge profit we are all hunting. Doing this you would have managed your risk superbly and your profits miserable. Not a real good combination for long term prosperity. You really need to pick out a percentage somewhere between 20% and 35% of your expected profits to use as your stop lose. Following this method you only need to be correct somewhere between 1/3 to 1/5 to break even. Since somebody throwing darts at a board is automatically correct 50% of the time when selecting a currency your chances of becoming a profitable trader are greatly enhanced. The next and only final step is to insure the accuracy of your profits estimates. When your actual profits are finally correlating with your initial estimate your well on you way to a new career.
By following the above Forex trading tips you will finally realize what is all about. It is not about the game, it is not about the excitement, it is not about the adrenaline, it is about only one thing, the MONEY. Making the money as opposed to losing the money is the only thing that matters. The first step is to cut back on the number of questionable trades you make to NONE. Only trade when you are sure. Next, don't invest too much into any one trade. And finally, don't let any one trade of series of trades wipe you out. If you follow these three simple principles that are easy to understand but difficult to execute you will be rolling in the dough just like the big time traders.
Trading the Foreign Exchange Markets (Forex or FX) can certainly produce a very fashionable life style leading to self employment and financial independences. What I am going to focus on in this article are three essentials Forex trading tips every professional trader either learns the easy way or the hard way. To be honest with you, most of them have learned the hard way. Learning to trade the currency is not like learning to hit a 100 MPH fastball that only one in a million can accomplish. In fact, it is quite easy to learn to trade Forex profitably; it is the other aspects of the profession that sink most investors, which I am going to help you avoid.
IT IS NOT A GAME
I am sure you are wondering what I could possibly mean by that. If you have been doing this long enough you know that there are certain times they are just about depositing funds in your bank account. An example of this would be recently the strong correlation the US dollar has had to the Gold and Oil markets. There was a period of time all you had to do was determine which way the dollar was trending and you knew Gold and Oil where going in opposite directions.
Even trained monkeys where making huge profits when this was happening, but guess what those opportunities are not there all the time. This is the first tip, DO NOT CHACE THE ACTION! Let it come to you, it doesn't come to you all the time. What happens is people start making so much money they just can't wait to jump back in and do it all over again. So, at any little sign there is a buying opportunity they jump in just to get that adrenaline flowing again. Which is where the loses start occurring. You really must be patient and stick to what ever trading method you are utilizing and wait for the GREAT trades to come along and not the AVERAGE trades which you are getting into just to make things interesting.
MONEY MANAGEMENT
I have news for you, if you have a $1,000 in you account you are not going to make $1,000 a day off that money. You might do it one time, but then you will lose the next ten times chasing that one winning great trade you made. Each professional trader has a specific percentage of their funds they will risk on any one trade which is just a small portion of their overall balance. The biggest mistake the novice investor makes is they attempt to increase their available funds to trade with to quickly. It is difficult to stress patients and percentages enough, but then again even the professionals usually learn this on their own.
RISK MANAGEMENT
The corner stone to every professional trader's portfolio is managing risk on a daily basis. Some do it by day trading, thus entering and exiting the market daily eliminating any over night downfalls in their trade. Others manage risk through the use of Stop Losses. This also is another major mistake the novice trader makes by setting their stop loses to low verse the take profits.
Managing your stop loses verse your take profits is a real art form that not only takes knowledge, but is also developed through experience. If you set your SL to tight, even the slightest turn in the market and you're out, never giving yourself a chance to make the huge profit we are all hunting. Doing this you would have managed your risk superbly and your profits miserable. Not a real good combination for long term prosperity. You really need to pick out a percentage somewhere between 20% and 35% of your expected profits to use as your stop lose. Following this method you only need to be correct somewhere between 1/3 to 1/5 to break even. Since somebody throwing darts at a board is automatically correct 50% of the time when selecting a currency your chances of becoming a profitable trader are greatly enhanced. The next and only final step is to insure the accuracy of your profits estimates. When your actual profits are finally correlating with your initial estimate your well on you way to a new career.
By following the above Forex trading tips you will finally realize what is all about. It is not about the game, it is not about the excitement, it is not about the adrenaline, it is about only one thing, the MONEY. Making the money as opposed to losing the money is the only thing that matters. The first step is to cut back on the number of questionable trades you make to NONE. Only trade when you are sure. Next, don't invest too much into any one trade. And finally, don't let any one trade of series of trades wipe you out. If you follow these three simple principles that are easy to understand but difficult to execute you will be rolling in the dough just like the big time traders.
Learning Forex Trading with the Emphasis on making it a Profitable Career
Learning Forex Trading with the Emphasis on making it a Profitable Career
The principle point of this article is that after becoming educated in the finer points of the Forex market it is not that difficult to turn it into a full time profitable career. After all what are we really talking about here? You buy one currency and sell another currency to initiate a trade; there are only two ways a currency can go, which are either up or down. This is not propulsion science; we are not building rockets that go to the outer limits of our solar system. There are only TWO paths a currency can go. If you asked your child to drop a rock in one of two buckets if they thought the dollar was going to strengthen or weaken, they would be right fifty percent of the time. The key to making money is to just make a little better decisions than your child does is learning Forex trading to the highest level prior to beginning trading.
If you are not sure if you really want to get into the markets, or maybe your just tired of investing in stocks, who could blame you there, or if you just want to find out a little more about currency trading there are many exceptional free tutorials available on the internet that offer a place to start your education without having to spend any money. The free tutorials will give you what I like to call a, "High School Education" in the Forex markets. If you like what you read the next step is to spend a little bit of money and take a commercial course which are offered all over the internet.
These courses vary a great deal in what they actually teach. One course will be comprehensive, offering an excellent over all education in all facets of the markets. The next will be one man's perception of how to make money in the markets. These are usually taught by self educated gurus whom have discovered a specific path or method of making money in the markets. Another will be instructed by a mentor, which allows you to follow their specific trades and actually have the same portfolio as the professional teaching the course. This technique of course shortens the learning curve and virtually guarantees a profitable entry into the markets.
Learning Forex trading has never been as easy as it is today with so many different free and commercial courses available. I recommend that if you are serious about beginning to trade the currency markets you take an all-inclusive course first which will provide you a very solid foundation to help you advance to the next stage in the educational process. Which ever course of action you choose to first purse I am sure you will find either to be very beneficial by helping you obtaining your final goal, which is to become a very lucrative professional Forex trader.
The principle point of this article is that after becoming educated in the finer points of the Forex market it is not that difficult to turn it into a full time profitable career. After all what are we really talking about here? You buy one currency and sell another currency to initiate a trade; there are only two ways a currency can go, which are either up or down. This is not propulsion science; we are not building rockets that go to the outer limits of our solar system. There are only TWO paths a currency can go. If you asked your child to drop a rock in one of two buckets if they thought the dollar was going to strengthen or weaken, they would be right fifty percent of the time. The key to making money is to just make a little better decisions than your child does is learning Forex trading to the highest level prior to beginning trading.
If you are not sure if you really want to get into the markets, or maybe your just tired of investing in stocks, who could blame you there, or if you just want to find out a little more about currency trading there are many exceptional free tutorials available on the internet that offer a place to start your education without having to spend any money. The free tutorials will give you what I like to call a, "High School Education" in the Forex markets. If you like what you read the next step is to spend a little bit of money and take a commercial course which are offered all over the internet.
These courses vary a great deal in what they actually teach. One course will be comprehensive, offering an excellent over all education in all facets of the markets. The next will be one man's perception of how to make money in the markets. These are usually taught by self educated gurus whom have discovered a specific path or method of making money in the markets. Another will be instructed by a mentor, which allows you to follow their specific trades and actually have the same portfolio as the professional teaching the course. This technique of course shortens the learning curve and virtually guarantees a profitable entry into the markets.
Learning Forex trading has never been as easy as it is today with so many different free and commercial courses available. I recommend that if you are serious about beginning to trade the currency markets you take an all-inclusive course first which will provide you a very solid foundation to help you advance to the next stage in the educational process. Which ever course of action you choose to first purse I am sure you will find either to be very beneficial by helping you obtaining your final goal, which is to become a very lucrative professional Forex trader.
วันเสาร์ที่ 11 ตุลาคม พ.ศ. 2551
Profiting From Forex Like a Professional
Profiting From Forex Like a Professional
by Joel Gardner
Been trading on the Forex markets and not making any serious money? Perhaps it is time that you stop and reposition yourself on your goals in Forex trading. If you wish to earn like a professional trader than you might need to make several changes. In this article, we will show you a few tips which can help guide you on that path. Below are listed some of the few tips that can be very important for you to get started.
Working regularly
working consistently and with longer duration is one of the first steps towards achieving higher profitability The percentage that increase in profitability is directly dependent upon the numbers of hours worked by you on your trading. If you only work one hour a week then the returns that you will get will of course equate to one hour effort. There fore you cannot expect high profitability with such a small amount of effort. Real life experiences is important so you cannot substitute daily trading with theoretical knowledge.
Expanding your mind through education
At the very least, you shouldn't be trying to learn Forex trading based on the free advise you find floating around the Internet. While you can get a good overview of the basics and pick up a few useful tips, it just won't be enough to really help you get ahead. To make matters worse, there area tons of sites out there that publish unprofessional material with tips that could actually hurt your trading ability. That's why you'll need to invest in a solid Forex trading course created by a successful trader.
Instead go and acquire a proper high quality Forex training program. Given the fact there might be many courses to choose from, this might complicate matter. To avoid difficulty in choosing the course that you need, stick to a few basic guidelines to follow to make your choice. Another thing to consider when trying to educate yourself more is to find yourself a mentor. Advices from the mentor is priceless as the information that he has is obtained from real life experiences.
Building up slowly from a small account
Of course, some of you might have had prior experiences in other markets. However this does not mean that you know anything about forex. Therefore, in order to start in Forex , you are recommended to begin from small. Use a small trading account to start off. As your skill and knowledge increased, then upgrade your account to allow for bigger trading activities. Remember to note that you cannot achieve a professional results if you keep using a small account.
Master your specialty
No two people in the world are the same. Likewise no two traders in the Forex market will trade and make the same investment decision. As such you are advised to look for the trading strategy that suits your own trading style. Furthermore get a trading platform which you are comfortable with. Practice regularly to gain familiarization with the system. Lastly, chose just one pair of currency to begin trading with. Spend time to learn about the movement of this pair of currency until you know it like the back of your hand.
Becoming a professional trader doesn't happen overnight, but there are specific actions you can take to get started on that path today.
by Joel Gardner
Been trading on the Forex markets and not making any serious money? Perhaps it is time that you stop and reposition yourself on your goals in Forex trading. If you wish to earn like a professional trader than you might need to make several changes. In this article, we will show you a few tips which can help guide you on that path. Below are listed some of the few tips that can be very important for you to get started.
Working regularly
working consistently and with longer duration is one of the first steps towards achieving higher profitability The percentage that increase in profitability is directly dependent upon the numbers of hours worked by you on your trading. If you only work one hour a week then the returns that you will get will of course equate to one hour effort. There fore you cannot expect high profitability with such a small amount of effort. Real life experiences is important so you cannot substitute daily trading with theoretical knowledge.
Expanding your mind through education
At the very least, you shouldn't be trying to learn Forex trading based on the free advise you find floating around the Internet. While you can get a good overview of the basics and pick up a few useful tips, it just won't be enough to really help you get ahead. To make matters worse, there area tons of sites out there that publish unprofessional material with tips that could actually hurt your trading ability. That's why you'll need to invest in a solid Forex trading course created by a successful trader.
Instead go and acquire a proper high quality Forex training program. Given the fact there might be many courses to choose from, this might complicate matter. To avoid difficulty in choosing the course that you need, stick to a few basic guidelines to follow to make your choice. Another thing to consider when trying to educate yourself more is to find yourself a mentor. Advices from the mentor is priceless as the information that he has is obtained from real life experiences.
Building up slowly from a small account
Of course, some of you might have had prior experiences in other markets. However this does not mean that you know anything about forex. Therefore, in order to start in Forex , you are recommended to begin from small. Use a small trading account to start off. As your skill and knowledge increased, then upgrade your account to allow for bigger trading activities. Remember to note that you cannot achieve a professional results if you keep using a small account.
Master your specialty
No two people in the world are the same. Likewise no two traders in the Forex market will trade and make the same investment decision. As such you are advised to look for the trading strategy that suits your own trading style. Furthermore get a trading platform which you are comfortable with. Practice regularly to gain familiarization with the system. Lastly, chose just one pair of currency to begin trading with. Spend time to learn about the movement of this pair of currency until you know it like the back of your hand.
Becoming a professional trader doesn't happen overnight, but there are specific actions you can take to get started on that path today.
Forex Training - These Traders Learned Forex in 14 Days and Made Millions!
Forex Training - These Traders Learned Forex in 14 Days and Made Millions!
by Kelly Price
Here we are going to look at forex training and a famous experiment when a group of traders with no experience were taught to trade in 14 days and then went onto make $100 million in profits. Let's see how they did it and what you can learn...
The Experiment
Legendary trader Richard Dennis set out to prove that anyone could win at trading with the right training. He got a group of people together who had never traded before which ranged from a security guard to an actor and the group was of all ages and both sexes. He then taught them to trade in just 14 days, gave them accounts and they rewarded him by making over $100 million dollars in just 4 years.
You maybe thinking that worked so how come 95% of traders lose money if anyone can learn to trade?
Of course, some traders get the wrong forex training or education - but most fail due to psychological issues. Let's explore these further and other points, the experiment proved.
What You can Learn From It
We know forex is a learned skill but what always struck me about the story was - how quick they learned which proves, forex training is all about working smart, not working hard.
It also proved that simple systems work best. The system taught was really just a long term, breakout, trend following system, with strict money management rules.
Never believe anyone who tells you forex trading needs to be complicated it doesn't.
Simple trading systems work best and always will, as they have fewer elements to break, in the face of volatile ever changing market conditions.
You would probably expect all the traders to have the same results, as they all had the same training, system and money management tools to use. You would be wrong though; there were big differences in performance within the group.
Dennis let them apply the tools themselves within his guidelines and the part the traders found the hardest was not learning the system - but applying the money management rules and keeping disciplined.
If you think discipline is simple its not, it's very hard, to keep your emotions out when the market hands you losses and makes you look an idiot.
Most forex traders believe the nonsense they read, about not facing periods of losses but this is rubbish - all traders face them and losing periods can last for weeks or longer, that's why discipline is so hard.
To ensure the traders were as disciplined as possible, Dennis ensured they understood how and why the system worked, to give them confidence. He didn't just tell them to follow him without knowing why, they took responsibility for executing the trading signals.
Could You Become Rich Trading Currencies?
You may not become as rich as the above group but the opportunity is there, as anyone can learn to trade.
Today, most traders believe they can follow others to success instead; they fall for forex experts, who tell them trading is easy and most never even think about losing and discipline!
If you want succeed at forex trading, get the right forex education you need to consider all the above points and get yourself the right forex training.
If you want to win you can and remember this:
It's not the market that beats the trader; it's the trader who beats himself.
Understand that success comes from your mindset as much as your method and you could make a lot of money trading forex.
by Kelly Price
Here we are going to look at forex training and a famous experiment when a group of traders with no experience were taught to trade in 14 days and then went onto make $100 million in profits. Let's see how they did it and what you can learn...
The Experiment
Legendary trader Richard Dennis set out to prove that anyone could win at trading with the right training. He got a group of people together who had never traded before which ranged from a security guard to an actor and the group was of all ages and both sexes. He then taught them to trade in just 14 days, gave them accounts and they rewarded him by making over $100 million dollars in just 4 years.
You maybe thinking that worked so how come 95% of traders lose money if anyone can learn to trade?
Of course, some traders get the wrong forex training or education - but most fail due to psychological issues. Let's explore these further and other points, the experiment proved.
What You can Learn From It
We know forex is a learned skill but what always struck me about the story was - how quick they learned which proves, forex training is all about working smart, not working hard.
It also proved that simple systems work best. The system taught was really just a long term, breakout, trend following system, with strict money management rules.
Never believe anyone who tells you forex trading needs to be complicated it doesn't.
Simple trading systems work best and always will, as they have fewer elements to break, in the face of volatile ever changing market conditions.
You would probably expect all the traders to have the same results, as they all had the same training, system and money management tools to use. You would be wrong though; there were big differences in performance within the group.
Dennis let them apply the tools themselves within his guidelines and the part the traders found the hardest was not learning the system - but applying the money management rules and keeping disciplined.
If you think discipline is simple its not, it's very hard, to keep your emotions out when the market hands you losses and makes you look an idiot.
Most forex traders believe the nonsense they read, about not facing periods of losses but this is rubbish - all traders face them and losing periods can last for weeks or longer, that's why discipline is so hard.
To ensure the traders were as disciplined as possible, Dennis ensured they understood how and why the system worked, to give them confidence. He didn't just tell them to follow him without knowing why, they took responsibility for executing the trading signals.
Could You Become Rich Trading Currencies?
You may not become as rich as the above group but the opportunity is there, as anyone can learn to trade.
Today, most traders believe they can follow others to success instead; they fall for forex experts, who tell them trading is easy and most never even think about losing and discipline!
If you want succeed at forex trading, get the right forex education you need to consider all the above points and get yourself the right forex training.
If you want to win you can and remember this:
It's not the market that beats the trader; it's the trader who beats himself.
Understand that success comes from your mindset as much as your method and you could make a lot of money trading forex.
Free Forex Trading System - The One Enclosed is Free But does it Work?
Free Forex Trading System - The One Enclosed is Free But does it Work?
by Kelly Price
Yes it does and it's made countless millions, for savvy traders all over the world and beats most of the forex robots sold. In this article, we will show you how and why it works and why this free Forex trading, could bring you currency trading success...
This system has been around since the late seventies and has stood the test of time and is still used by pro traders today. The system was devised by trading legend Richard Donchian and its incredibly simple - don't let that put you off though, all the best currency trading systems are.
Lets take a look at the rule that you need to apply and its totally objective all you do is place the trading signal.
Buy a breakout to new 4 week calendar high and then stop and reverse the position on a 4 week low. Keep reversing on 4 week highs and lows and always have a position open in the market.
That's the system and you won't get much simpler than this one - but if you think about it, it's based on very sound market logic which is the following.
Most big trends in the currency markets start and continue from new price highs or lows, it's therefore based on breakout methodology that works and will continue to work as long as markets trend.
The other point with the system is it holds trends a long time. It's a fact that most Forex trends last a long time and you can check your forex charts and see- trends last for week's, months or in some instances years and this has always been so.
Get in on Every Major Trend
What you have is a system, that while it does not go for pinpoint timing, will get you in and help you hold all the major big trends.
If you test the system, you will see just how profitable it can be and its simplicity is a huge advantage, making it very robust in the face of brutal and ever changing market volatility.
Another advantage of the system is the entry and stop are set, you simply follow the rule. You don't even need a PC to do the calculation you can do it in your head and it will take you around 15 minutes a day to execute your trading signals. So it's very time efficient.
It Beats Most Sold Robots as Well!
Most sold robots never come with real track records and there always a back test. Simulated in hindsight. That's not the real world of trading; you don't get the luxury of knowing the closing price in the real world. This system on the other hand has been used by serious traders and made a lot of money in real trading.
Smoothing the Equity Curve
You can add filters to this free forex trading system to smooth the equity curve and they are discussed in our other articles so look them up but in raw form or with a filter the system makes long term profits and if you want to make money, then you will really like it - simple to understand, apply, timeless logic, profitable and free and its not often you get that.
Warning! and the Way to Make it Work for You!
A word of warning is this system takes discipline to follow and you need to have faith it will lose for periods (all systems do) and its hard to sit on long term trends due to equity dips but if you can follow it with discipline, this free forex trading system can be a great addition to your forex trading strategy and enhance your chances of currency trading success.
by Kelly Price
Yes it does and it's made countless millions, for savvy traders all over the world and beats most of the forex robots sold. In this article, we will show you how and why it works and why this free Forex trading, could bring you currency trading success...
This system has been around since the late seventies and has stood the test of time and is still used by pro traders today. The system was devised by trading legend Richard Donchian and its incredibly simple - don't let that put you off though, all the best currency trading systems are.
Lets take a look at the rule that you need to apply and its totally objective all you do is place the trading signal.
Buy a breakout to new 4 week calendar high and then stop and reverse the position on a 4 week low. Keep reversing on 4 week highs and lows and always have a position open in the market.
That's the system and you won't get much simpler than this one - but if you think about it, it's based on very sound market logic which is the following.
Most big trends in the currency markets start and continue from new price highs or lows, it's therefore based on breakout methodology that works and will continue to work as long as markets trend.
The other point with the system is it holds trends a long time. It's a fact that most Forex trends last a long time and you can check your forex charts and see- trends last for week's, months or in some instances years and this has always been so.
Get in on Every Major Trend
What you have is a system, that while it does not go for pinpoint timing, will get you in and help you hold all the major big trends.
If you test the system, you will see just how profitable it can be and its simplicity is a huge advantage, making it very robust in the face of brutal and ever changing market volatility.
Another advantage of the system is the entry and stop are set, you simply follow the rule. You don't even need a PC to do the calculation you can do it in your head and it will take you around 15 minutes a day to execute your trading signals. So it's very time efficient.
It Beats Most Sold Robots as Well!
Most sold robots never come with real track records and there always a back test. Simulated in hindsight. That's not the real world of trading; you don't get the luxury of knowing the closing price in the real world. This system on the other hand has been used by serious traders and made a lot of money in real trading.
Smoothing the Equity Curve
You can add filters to this free forex trading system to smooth the equity curve and they are discussed in our other articles so look them up but in raw form or with a filter the system makes long term profits and if you want to make money, then you will really like it - simple to understand, apply, timeless logic, profitable and free and its not often you get that.
Warning! and the Way to Make it Work for You!
A word of warning is this system takes discipline to follow and you need to have faith it will lose for periods (all systems do) and its hard to sit on long term trends due to equity dips but if you can follow it with discipline, this free forex trading system can be a great addition to your forex trading strategy and enhance your chances of currency trading success.
Earn More with Forex Chat Rooms
Earn More with Forex Chat Rooms
by Chris Robertson
Whether you're new to forex trading or consider yourself to be a pro, forex chat rooms can be an excellent tool to maximize your profit potential. Forex chat rooms provide a forum for traders to trade along with a group, share forex ideas, and capitalize on the experience of others. Chat rooms that are focused on the forex market also help traders bust the boredom of waiting on a good trade.
To get started with a forex chat room, you must first become a member of a particular group. You'll join a group of traders including professional staff traders who will call the forex alerts each day or night at a set time. When the forex alerts are called, you can decide whether to place a trade with your broker or wait until another time. It's beneficial if you can sign on with a broker that allows you to buy and sell on the same pair simultaneously without closing any of your trades.
Once you join a forex chat room, you'll become part of a group that meets at a set time (day or night) - a time the group feels is an optimum trading time for forex alerts and signals. Some chat rooms provide real-time alerts through audio with forex signals to let you know which pair is being traded, the price, and if the traders in your group are buying or selling. The staff traders will let you know these details so you can decide if you want to trade along with them or not. They do not, however, reveal their strategy for determining the best trades.
Benefits of Forex Chat Rooms
While each forex chat room is different, there are some benefits that many sites offer. Some of these include forex rebates, affordable rates with no hidden fees, low investment trading accounts, forex market news, competitive spreads, and flexible leverages. Some forex chat rooms may offer premium accounts to give you even more benefits as well as a dedicated customer support line. One feature to look for is a demo or practice account. A practice account shows how forex trading with a chat room works and helps you understand the market without actually placing a real trade.
Forex Rebates are a Big Plus
Forex chat rooms that offer rebates can help you earn some extra cash on every single trade. Imagine earning $5 every time you make a trade - no matter what your profits/loss for that trade. This helps to improve your overall monthly balance while giving you incentive to make more trades. What is a forex rebate? It is money given back to you as a trader from the spread or commission paid to your broker on every trade. A referring broker can collect a portion of that spread and give some or all of it back to you as a rebate.
With forex chat rooms, you can start trading with the assistance of others and greatly increase your chances for success. Though there's always a risk involved when trading in the forex market, having the help of seasoned traders will help you avoid many pitfalls. Check out some online forex resources and start maximizing your profits with a forex chat room today!
by Chris Robertson
Whether you're new to forex trading or consider yourself to be a pro, forex chat rooms can be an excellent tool to maximize your profit potential. Forex chat rooms provide a forum for traders to trade along with a group, share forex ideas, and capitalize on the experience of others. Chat rooms that are focused on the forex market also help traders bust the boredom of waiting on a good trade.
To get started with a forex chat room, you must first become a member of a particular group. You'll join a group of traders including professional staff traders who will call the forex alerts each day or night at a set time. When the forex alerts are called, you can decide whether to place a trade with your broker or wait until another time. It's beneficial if you can sign on with a broker that allows you to buy and sell on the same pair simultaneously without closing any of your trades.
Once you join a forex chat room, you'll become part of a group that meets at a set time (day or night) - a time the group feels is an optimum trading time for forex alerts and signals. Some chat rooms provide real-time alerts through audio with forex signals to let you know which pair is being traded, the price, and if the traders in your group are buying or selling. The staff traders will let you know these details so you can decide if you want to trade along with them or not. They do not, however, reveal their strategy for determining the best trades.
Benefits of Forex Chat Rooms
While each forex chat room is different, there are some benefits that many sites offer. Some of these include forex rebates, affordable rates with no hidden fees, low investment trading accounts, forex market news, competitive spreads, and flexible leverages. Some forex chat rooms may offer premium accounts to give you even more benefits as well as a dedicated customer support line. One feature to look for is a demo or practice account. A practice account shows how forex trading with a chat room works and helps you understand the market without actually placing a real trade.
Forex Rebates are a Big Plus
Forex chat rooms that offer rebates can help you earn some extra cash on every single trade. Imagine earning $5 every time you make a trade - no matter what your profits/loss for that trade. This helps to improve your overall monthly balance while giving you incentive to make more trades. What is a forex rebate? It is money given back to you as a trader from the spread or commission paid to your broker on every trade. A referring broker can collect a portion of that spread and give some or all of it back to you as a rebate.
With forex chat rooms, you can start trading with the assistance of others and greatly increase your chances for success. Though there's always a risk involved when trading in the forex market, having the help of seasoned traders will help you avoid many pitfalls. Check out some online forex resources and start maximizing your profits with a forex chat room today!
Professional Forex Trading - The Insider So Called Secrets How The Pros Make Consistent Profits
Professional Forex Trading - The Insider So Called Secrets How The Pros Make Consistent Profits
by Nigel Banks
I am going to be up front with you and say that in Forex trading - as in most things in life - there really are no secrets. I know that may sound boring, but it is true.
If you want something startling and "NEW" please point your browser to Amazon and buy the latest book on Forex trading. As for the rest who know better please read on and see what the real secrets are to Trading The Forex Like A Pro
Success Secret #1: Can I Get A Little Understanding...
The first thing you should strive to achieve is a solid grasp of how the markets work and why they move. This is the basics of being able to make intelligent trading decisions.
It is this intrinsic understanding of market forces and construction that allow you to visualize the entire problem and make a decisive conclusion. It is why doctors spend a majority of medical school learning biology and the construction of the body so that they can visualize the "why" behind the symptom.
Spend your time wisely and learn how this whole thing works.
Success Secret #2: Pick A Philosophy and Stick With It...
Once you have a grasp of the who what when where and why behind the Forex markets you should now pick a trading philosophy that best makes sense of it all for you. Read that again, the one that best makes sense of it all - FOR YOU.
Fundamental Forex Traders Philosophy
For instance some people are fundamental traders.
Fundamental forex traders will look for an overview of currency movements and a broad picture of the economic conditions.
Fundamental traders study the market strengths and weaknesses by knowing and understanding underlying factors that affect the market movements. Due to the global environment of the Forex, Fundamental Analysis is largely focused on news catalysis's than the strengths and weaknesses of the currencies themselves. Though more detailed Fundamental traders will want to understand the global economy as well as the affects of news on the markets.
The Philosophy of Technical Forex Traders
Technical traders by contrast base their trading upon the belief that the market follows a predictable set of patterns which have been well established over time. Because of this fact Technical Forex traders believe that future movements in the market can be predicted by analyzing and charting historical data to produce a series of models which can be used to predict future patterns.
In other words technical analysis is a method of predicting price movements by looking at purely market-generated data instead of economic influence, or news events.
Technical traders' tools include real time charts, and graphs. Their objective is to read specific chart patterns to see where they think the market might go next. There are known patterns and tools, like Fibonacci studies, that traders use each day to analyze these price movements.
Secret #3 Money Management The Fountainhead Of Profits...
The last critical factor to trading like a pro is money management. It has been said that if you knew nothing other than money management you could succeed even with the worst trading system in the world. This may be a bit of an over statement but it is close to the truth that managing money is a critical component to success in Forex trading.
Forex money management is a way of life for the prudent investor. Practice money management and you just might be one of 5 out of 100 that will be in a position to make money from Forex Trading.
Forex money management is all about taking calculated risks at the right time and defending your cash on hand. It is about managing risks versus rewards and adjusting market position size in relationship to account equity.
Forex money management is part and parcel of any good trading system. The performance of a forex trading system, in terms of profits, draw down, or any other parameter you would like to measure, depends on both the trading system itself and the money management rules it follows.
Forex money management forces a consistent monitoring of a trader's position and to accept the losses when necessary. Most traders quite honestly completely overlook this aspect of trading. And that is sad because it is the one thing about forex trading that you have complete control over, as compared to the markets themselves.
by Nigel Banks
I am going to be up front with you and say that in Forex trading - as in most things in life - there really are no secrets. I know that may sound boring, but it is true.
If you want something startling and "NEW" please point your browser to Amazon and buy the latest book on Forex trading. As for the rest who know better please read on and see what the real secrets are to Trading The Forex Like A Pro
Success Secret #1: Can I Get A Little Understanding...
The first thing you should strive to achieve is a solid grasp of how the markets work and why they move. This is the basics of being able to make intelligent trading decisions.
It is this intrinsic understanding of market forces and construction that allow you to visualize the entire problem and make a decisive conclusion. It is why doctors spend a majority of medical school learning biology and the construction of the body so that they can visualize the "why" behind the symptom.
Spend your time wisely and learn how this whole thing works.
Success Secret #2: Pick A Philosophy and Stick With It...
Once you have a grasp of the who what when where and why behind the Forex markets you should now pick a trading philosophy that best makes sense of it all for you. Read that again, the one that best makes sense of it all - FOR YOU.
Fundamental Forex Traders Philosophy
For instance some people are fundamental traders.
Fundamental forex traders will look for an overview of currency movements and a broad picture of the economic conditions.
Fundamental traders study the market strengths and weaknesses by knowing and understanding underlying factors that affect the market movements. Due to the global environment of the Forex, Fundamental Analysis is largely focused on news catalysis's than the strengths and weaknesses of the currencies themselves. Though more detailed Fundamental traders will want to understand the global economy as well as the affects of news on the markets.
The Philosophy of Technical Forex Traders
Technical traders by contrast base their trading upon the belief that the market follows a predictable set of patterns which have been well established over time. Because of this fact Technical Forex traders believe that future movements in the market can be predicted by analyzing and charting historical data to produce a series of models which can be used to predict future patterns.
In other words technical analysis is a method of predicting price movements by looking at purely market-generated data instead of economic influence, or news events.
Technical traders' tools include real time charts, and graphs. Their objective is to read specific chart patterns to see where they think the market might go next. There are known patterns and tools, like Fibonacci studies, that traders use each day to analyze these price movements.
Secret #3 Money Management The Fountainhead Of Profits...
The last critical factor to trading like a pro is money management. It has been said that if you knew nothing other than money management you could succeed even with the worst trading system in the world. This may be a bit of an over statement but it is close to the truth that managing money is a critical component to success in Forex trading.
Forex money management is a way of life for the prudent investor. Practice money management and you just might be one of 5 out of 100 that will be in a position to make money from Forex Trading.
Forex money management is all about taking calculated risks at the right time and defending your cash on hand. It is about managing risks versus rewards and adjusting market position size in relationship to account equity.
Forex money management is part and parcel of any good trading system. The performance of a forex trading system, in terms of profits, draw down, or any other parameter you would like to measure, depends on both the trading system itself and the money management rules it follows.
Forex money management forces a consistent monitoring of a trader's position and to accept the losses when necessary. Most traders quite honestly completely overlook this aspect of trading. And that is sad because it is the one thing about forex trading that you have complete control over, as compared to the markets themselves.
วันพฤหัสบดีที่ 9 ตุลาคม พ.ศ. 2551
5 Secrets to Success In Forex Trading
5 Secrets to Success In Forex Trading
by Evan Hiumawan
Many people thnk that Forex trading is a high risk investment. But I can tell you that you can earn much money constantly by calculating the risk and having enough basics. Forex trading is not complicated as the amateur thought. You must have passion to focus, learn, and do it. I just revealed the different between success Forex trader and the amateur one. Like you thought, that I've done also mistakes when I was amateur. I was there also, and please don't be panic if you're fail in the beginning. Here are the main points which must be paid attention by the beginner:
1. Make a plan to work, trade smart and focus on it
There are many choices of trading in Forex, such as you want to do daily trade, or other trade. You've to adjust your plan to your current situation, and then you can trade smartly.
2. Never ever involve too much emotion
This is the main mistake that amateur does in Forex trading. After you're having plan, be discipline to stick with it. Don't be too greedy and think clear is the eminent point. You may have seen automated Forex software to do trade for you automatically; all these software might help you not to involve much emotion in Forex trading. You can set you're entry and output level on the software. Remember, don't be greedy! All what you need is to stick to your plan
3. Choose a friendly use automated Forex system program
There are a lot of package of software that offer you vary benefits. A friendly use system program is the one that easily understandable and can make Forex trading simple for the amateur. You can choose complete package of the automated Forex software including 1on1 help, books and guides by the Forex expert. It's highly recommended for the amateur. Besides you can have $500 directly in your trading account and if the system doesn't work or fit with you, you can get your money back 100%.
4.Understand the method of your automated Forex software
Keep calm if you feel hard to understand the software as the beginner. I've chosen 5 best automated Forex systems for you which are already complete with manual guidance. This manual guidance is made even when you're completely new in Forex trading world. By understanding how does the software work, you can feel confident in making decision. One prominent point of using automated Forex software is you don't have to sit in front of your computer all day long; because it trades it self and you still can do your daily work normally. Automated Forex software can make money for you.
5. Chose complete package of automated Forex software
Every system has it own weaknes and we should not only rely on one automated Forex system. I suggest you to have Forex Brotherhood software which already has complete package for the amateur. And I must upfront with you that this is the most expensive automated software than the other. But I can guarantee you that it's worth it. When you're already pro in Forex trading, I suggest you to have the simplest system, because it makes simple for you in the way of trading.
All the automated Forex software is instant download upon payment and very easy installed on your normal computer. Are you ready to make money with Are you ready to make money with automated Forex software?
by Evan Hiumawan
Many people thnk that Forex trading is a high risk investment. But I can tell you that you can earn much money constantly by calculating the risk and having enough basics. Forex trading is not complicated as the amateur thought. You must have passion to focus, learn, and do it. I just revealed the different between success Forex trader and the amateur one. Like you thought, that I've done also mistakes when I was amateur. I was there also, and please don't be panic if you're fail in the beginning. Here are the main points which must be paid attention by the beginner:
1. Make a plan to work, trade smart and focus on it
There are many choices of trading in Forex, such as you want to do daily trade, or other trade. You've to adjust your plan to your current situation, and then you can trade smartly.
2. Never ever involve too much emotion
This is the main mistake that amateur does in Forex trading. After you're having plan, be discipline to stick with it. Don't be too greedy and think clear is the eminent point. You may have seen automated Forex software to do trade for you automatically; all these software might help you not to involve much emotion in Forex trading. You can set you're entry and output level on the software. Remember, don't be greedy! All what you need is to stick to your plan
3. Choose a friendly use automated Forex system program
There are a lot of package of software that offer you vary benefits. A friendly use system program is the one that easily understandable and can make Forex trading simple for the amateur. You can choose complete package of the automated Forex software including 1on1 help, books and guides by the Forex expert. It's highly recommended for the amateur. Besides you can have $500 directly in your trading account and if the system doesn't work or fit with you, you can get your money back 100%.
4.Understand the method of your automated Forex software
Keep calm if you feel hard to understand the software as the beginner. I've chosen 5 best automated Forex systems for you which are already complete with manual guidance. This manual guidance is made even when you're completely new in Forex trading world. By understanding how does the software work, you can feel confident in making decision. One prominent point of using automated Forex software is you don't have to sit in front of your computer all day long; because it trades it self and you still can do your daily work normally. Automated Forex software can make money for you.
5. Chose complete package of automated Forex software
Every system has it own weaknes and we should not only rely on one automated Forex system. I suggest you to have Forex Brotherhood software which already has complete package for the amateur. And I must upfront with you that this is the most expensive automated software than the other. But I can guarantee you that it's worth it. When you're already pro in Forex trading, I suggest you to have the simplest system, because it makes simple for you in the way of trading.
All the automated Forex software is instant download upon payment and very easy installed on your normal computer. Are you ready to make money with Are you ready to make money with automated Forex software?
Avoid Invergy Forex
Avoid Invergy Forex
Hold up a second. You might have heard the hype pertaining to invergy forex trading. Basically a company titled Invergy claims to have access to some important secrets and expertise regarding Forex trading. They promise to take a small amount of your money and turn explosive profits. This could not be a bigger lie. Moreover, they leave many of the finer details out. They don't tell you that success is only experienced by a small number of people using their method, and that you will actually be more profitable by learning to do things yourself. It's like that old wise saying says "catch a man a fish and he is fed for a day, teach a man to fish and he is fed for life." You shouldavoid invergy forex and learn to fish yourself so that you can be fed for life. Even if you are just beginning, there is a superior solution than invergy forex. It is called the Forex Autopilot softare system.
The Forex Autopilot trading program created by Marcus Leary is a widely used software which assists in making more money on the Forex market. It is regarded by many to be one of the superior trading programs on the market, especially for home users.
But does it really work better than invergy forex, and if so how well?
For many individuals the Forex Autopilot works perfectly. For others it may not work as good, but this is not because of the software but instead because of how the individual handles it. Some users just dive into trading (like invergy forex invites you to do) before they understand it. Costly mistakes can be made if you choose to do this.
If you want the Forex Autopilot software program to bank as well for you as it has for other users (8 people seriously became millionaires with it), you need to spend some days getting to know the system. The positive news is that Marcus Leary and his product team provide ample help for anyone using the software. This is definitely different from invergy forex, where you are just another dollar sign. Don't fret, the program isn't hard to grasp, but you must spend time familiarizing yourself. Even if you begin trading seriously a week or 2 later than you would've liked, it's time well spent which will repay itself many times.
Once you become better at using it, you will see gains. Unlike invergy forex, the software has worked for many people and it will work for you if you just let it. What I mean to say is that this software works on mathematical models. Don't interfere with what it does. Sure, you should check on it once in a while, but an automatic software like this can trade on its own. Even without you in the room.
Anyhow, the Forex Autopilot trading software is greatly preferred. It can make you a lot of pips and a lot of cash fast. I wish you the best of luck with it, and remember to just avoid invergy forex. Don't mess around with your money.
Hold up a second. You might have heard the hype pertaining to invergy forex trading. Basically a company titled Invergy claims to have access to some important secrets and expertise regarding Forex trading. They promise to take a small amount of your money and turn explosive profits. This could not be a bigger lie. Moreover, they leave many of the finer details out. They don't tell you that success is only experienced by a small number of people using their method, and that you will actually be more profitable by learning to do things yourself. It's like that old wise saying says "catch a man a fish and he is fed for a day, teach a man to fish and he is fed for life." You shouldavoid invergy forex and learn to fish yourself so that you can be fed for life. Even if you are just beginning, there is a superior solution than invergy forex. It is called the Forex Autopilot softare system.
The Forex Autopilot trading program created by Marcus Leary is a widely used software which assists in making more money on the Forex market. It is regarded by many to be one of the superior trading programs on the market, especially for home users.
But does it really work better than invergy forex, and if so how well?
For many individuals the Forex Autopilot works perfectly. For others it may not work as good, but this is not because of the software but instead because of how the individual handles it. Some users just dive into trading (like invergy forex invites you to do) before they understand it. Costly mistakes can be made if you choose to do this.
If you want the Forex Autopilot software program to bank as well for you as it has for other users (8 people seriously became millionaires with it), you need to spend some days getting to know the system. The positive news is that Marcus Leary and his product team provide ample help for anyone using the software. This is definitely different from invergy forex, where you are just another dollar sign. Don't fret, the program isn't hard to grasp, but you must spend time familiarizing yourself. Even if you begin trading seriously a week or 2 later than you would've liked, it's time well spent which will repay itself many times.
Once you become better at using it, you will see gains. Unlike invergy forex, the software has worked for many people and it will work for you if you just let it. What I mean to say is that this software works on mathematical models. Don't interfere with what it does. Sure, you should check on it once in a while, but an automatic software like this can trade on its own. Even without you in the room.
Anyhow, the Forex Autopilot trading software is greatly preferred. It can make you a lot of pips and a lot of cash fast. I wish you the best of luck with it, and remember to just avoid invergy forex. Don't mess around with your money.
วันพุธที่ 8 ตุลาคม พ.ศ. 2551
VoIP Software Helps Make Small Businesses Competitive
VoIP Software Helps Make Small Businesses Competitive
by Ray Subs
Once upon a time VoIP was just a way for the extremely computer savvy to save a few bucks by making computer to computer "phone calls" to a limited circle of friends who were running the same software and had a microphone and a set of speakers or a headphone. Fast forward to modern times where VoIP provides economical phone solutions for consumers from all walks of life and can provide a competitive edge for businesses, especially small businesses. Today's VoIP allows the use of real phones and users can call any phone number in the world using a service such as Skype for a very small fee. Add to that the voice technology software for things like autodialers and auto appointment reminders and a small business can really start to get competitive with the big boys.
They always used to say that the rich get richer while the poor get poorer and that has never been truer than in business today. The other old saying that helps to explain this phenomenon says that time is money. Traditionally big businesses with big budgets were the only ones who could afford the time and money saving solutions like autodialers and appointment reminders while small businesses were forced to use their already limited manpower resources making endless phone calls, with much of that time spent listening to the phone ringing or busy signals. There is a wide array of VoIP software solutions offered these days that make time-saving and money making phone solutions accessible for everyone and give small businesses a chance.
First impressions are difficult to change, especially for a small business. Using the same tools that the big companies do adds a certain level of credibility to a business that may otherwise be elusive. When marketing products and/or services via the telephone the customer is going to judge the company's entire image based on how the phone call is executed as it is their only point of reference. VoIP technology has made a great deal of progress in the last ten years and currently provides a practical alternative to the pricey services offered by the phone company. In today's economy small efforts to save time and money can be the difference between success and failure, especially for the small business. VoIP software solutions can provide that competitive edge to keep small businesses profitable.
A company such as Voicent can provide software solutions such as autodialers, auto appointment reminders, text to voice and broadcast email solutions to give small businesses that competitive edge they are seeking. Couple those types of software solutions with an affordable VoIP service provider such as Skype and even the smallest business can project a successful image that will add to their bottom line even during the most trying economic times. A successful image, higher productivity and financial savings are all benefits of using VoIP software and services over those offered by traditional phone companies and Voicent and Skype are top notch choices available in today's market.
by Ray Subs
Once upon a time VoIP was just a way for the extremely computer savvy to save a few bucks by making computer to computer "phone calls" to a limited circle of friends who were running the same software and had a microphone and a set of speakers or a headphone. Fast forward to modern times where VoIP provides economical phone solutions for consumers from all walks of life and can provide a competitive edge for businesses, especially small businesses. Today's VoIP allows the use of real phones and users can call any phone number in the world using a service such as Skype for a very small fee. Add to that the voice technology software for things like autodialers and auto appointment reminders and a small business can really start to get competitive with the big boys.
They always used to say that the rich get richer while the poor get poorer and that has never been truer than in business today. The other old saying that helps to explain this phenomenon says that time is money. Traditionally big businesses with big budgets were the only ones who could afford the time and money saving solutions like autodialers and appointment reminders while small businesses were forced to use their already limited manpower resources making endless phone calls, with much of that time spent listening to the phone ringing or busy signals. There is a wide array of VoIP software solutions offered these days that make time-saving and money making phone solutions accessible for everyone and give small businesses a chance.
First impressions are difficult to change, especially for a small business. Using the same tools that the big companies do adds a certain level of credibility to a business that may otherwise be elusive. When marketing products and/or services via the telephone the customer is going to judge the company's entire image based on how the phone call is executed as it is their only point of reference. VoIP technology has made a great deal of progress in the last ten years and currently provides a practical alternative to the pricey services offered by the phone company. In today's economy small efforts to save time and money can be the difference between success and failure, especially for the small business. VoIP software solutions can provide that competitive edge to keep small businesses profitable.
A company such as Voicent can provide software solutions such as autodialers, auto appointment reminders, text to voice and broadcast email solutions to give small businesses that competitive edge they are seeking. Couple those types of software solutions with an affordable VoIP service provider such as Skype and even the smallest business can project a successful image that will add to their bottom line even during the most trying economic times. A successful image, higher productivity and financial savings are all benefits of using VoIP software and services over those offered by traditional phone companies and Voicent and Skype are top notch choices available in today's market.
VoIP Providers: Providing The Happiness of Talking Without Any Frowns
VoIP Providers: Providing The Happiness of Talking Without Any Frowns
by Kristen Kiya
This is a technology which has changed the way in which people talk with each other and also the feelings which are created in the human mind while making a call. The time before VoIP was a period which saw the primary agonies of having to wait for a long time (while making a call) for the connection to be established. In most of the cases, the result was the unsuccessful attempt of making a call and hence the wastage of time. This was further enhanced by the poor quality of the sound resulting in people having to shout while talking and therefore becoming a source of irritation for nearby persons as well.
The tides have finally turned towards the port of facility and ease with the invention of the technology of VoIP. This is primarily a wireless protocol which enhances many factors like the quality of sound and also reduction in the time required to make a connection. However one of the major features of this technology is the low cost that is incurred while making an overseas or a local call.
This technology primarily does the task of transforming voice into digital signals which are then sent over a packet forming network. The physical medium being used for the actual transmission is fibre optics and therefore the amount of data capable of being transmitted as well the as the cost of transmission is reduced to a greater extent.
The actual process requires the primary connection and also the medium for making the call which is a landline with an ATA adaptor or a VoIP phone (which has the required technology in it). These connections are provided by VoIP providers who apart from giving the basic connection are also involved in providing many other associated services.
A VoIP service provider has its own website where all the details about the different types of connections and services, are given. These websites are therefore quite well designed in the sense of the ease the user encounters in getting the required information and hence the choice for the right kind of connection becomes an easy one to take.
There are many different features of Voice over IP providers and most of them are focused on the basic aim of providing the user with the maximum possible amount of advantages. These features are given in various forms and hence all facets of human activity related to communication are taken care of. Therefore the casual user who wants to talk with his/her friends or relatives can do so in an highly effective manner with the help of a PC(in this case most of the services that are provided are free). The business needs are also kept in mind and therefore there are many business VoIP providers who give features which are very useful for efficiently conducting the communication needs of the business in an economical manner.
This protocol is also responsible for making a call to a person residing in any corner of this beautiful world in a cheap and an economical manner. This is not the only major benefit as the features of innovation have also taken their place in this technology of VoIP(Voice over Internet Protocol). One of the innovations which has particularly developed itself among business VoIP providers is VoIP PBX systems which are a form of customised VoIP for specific businesses. Hence in these systems, the business is able to communicate with all its sister companies as well as other related establishments all over the world.
All over this little world, there are many VoIP providers who provide this useful facility to people as well as organisations. These providers provide many types of services from which some have been discussed in earlier paragraphs. Some of these providers have their own niche markets while some of them have a dominating global presence. However regardless of their location, they all are responsible for providing the wonderful features of the magical technology of VoIP (Voice over Internet Protocol).
by Kristen Kiya
This is a technology which has changed the way in which people talk with each other and also the feelings which are created in the human mind while making a call. The time before VoIP was a period which saw the primary agonies of having to wait for a long time (while making a call) for the connection to be established. In most of the cases, the result was the unsuccessful attempt of making a call and hence the wastage of time. This was further enhanced by the poor quality of the sound resulting in people having to shout while talking and therefore becoming a source of irritation for nearby persons as well.
The tides have finally turned towards the port of facility and ease with the invention of the technology of VoIP. This is primarily a wireless protocol which enhances many factors like the quality of sound and also reduction in the time required to make a connection. However one of the major features of this technology is the low cost that is incurred while making an overseas or a local call.
This technology primarily does the task of transforming voice into digital signals which are then sent over a packet forming network. The physical medium being used for the actual transmission is fibre optics and therefore the amount of data capable of being transmitted as well the as the cost of transmission is reduced to a greater extent.
The actual process requires the primary connection and also the medium for making the call which is a landline with an ATA adaptor or a VoIP phone (which has the required technology in it). These connections are provided by VoIP providers who apart from giving the basic connection are also involved in providing many other associated services.
A VoIP service provider has its own website where all the details about the different types of connections and services, are given. These websites are therefore quite well designed in the sense of the ease the user encounters in getting the required information and hence the choice for the right kind of connection becomes an easy one to take.
There are many different features of Voice over IP providers and most of them are focused on the basic aim of providing the user with the maximum possible amount of advantages. These features are given in various forms and hence all facets of human activity related to communication are taken care of. Therefore the casual user who wants to talk with his/her friends or relatives can do so in an highly effective manner with the help of a PC(in this case most of the services that are provided are free). The business needs are also kept in mind and therefore there are many business VoIP providers who give features which are very useful for efficiently conducting the communication needs of the business in an economical manner.
This protocol is also responsible for making a call to a person residing in any corner of this beautiful world in a cheap and an economical manner. This is not the only major benefit as the features of innovation have also taken their place in this technology of VoIP(Voice over Internet Protocol). One of the innovations which has particularly developed itself among business VoIP providers is VoIP PBX systems which are a form of customised VoIP for specific businesses. Hence in these systems, the business is able to communicate with all its sister companies as well as other related establishments all over the world.
All over this little world, there are many VoIP providers who provide this useful facility to people as well as organisations. These providers provide many types of services from which some have been discussed in earlier paragraphs. Some of these providers have their own niche markets while some of them have a dominating global presence. However regardless of their location, they all are responsible for providing the wonderful features of the magical technology of VoIP (Voice over Internet Protocol).
VoIP PBX: Enabling Business Growth
VoIP PBX: Enabling Business Growth
by Kristen Kiya
Voice Over IP is a very challenging arena with PBX systems providing an enormous scope to people to use the Voice Over IP for business as well as professional purposes. It is especially useful for business as a company having multiple offices in a country can make use of its own PBX system to connect to others.
The VoIP PBX is a switching system meant for core communication. Its full abbreviation is Private Branch Exchange. It offers several features that make calling very exciting. It is a key telephone system and provides users with call setup facility, dial tone, tear-down functions and other such call processing features. Then a PBX system is also supported by a management system. There is also a call accounting system that can keep all call detail records. Then the voice messaging system is used not just for voice messaging but also for other array of functions.
With the growth in business the VoIP PBX solutions have proved to be a smart means of accessing telephony services. There are several reasons for that. It involves simplicity of the system, affordability and easy installation procedures. So, business organisations have started to deploy the system on a rapid scale.
The Voice Over IP is a fairly new technology meant for transferring of voice calls to end users over medium as that of internet. Besides, the system allows integration with the traditional methods of telephony. This is done with various software that are upgraded from time to time. The operation cost for the system is also substantially low.
This business phone system is very beneficial for business houses such as that of call centres. This is because calls are forwarded at a minimum call rate. Then the users are also supported by an Automatic Call Distributor (ACD) system and a Management Information System (MIS). These systems make the VoIP phone very interesting for business organisations. Moreover, the PBX system includes basic features and functions such as Direct Call Dialing (DID), Automatic Route selection (ARS) and Call Detail Recording (CDR).
The PBX system is much more superior than the traditional Key Telephone System (KTS). This is because the features that are basic to a PBX system are considered advanced in case of a KTS. The functionality in case of PBX systems are meant to provide more robust functions, enhancement of ports, voice traffic, call processing and more such important applications.
An IP PBX VoIP can be used to function as an Automatic Call Distributor(ACD). The ACD system are known for four basic call processing functions. They are screening, routing, queueing and answering. The method is very innovative. It allows calls to be distributed to a group of answering stations.
Thus the PBX is viewed upon as a solution to all the basic needs of a user. It brings the latest features with VoIP network connections. People can use the system to forward calls effectively to the end users. As Voice Over IP is coupled with other features such as video conferencing, messaging, 3 way calling while making calls to others, this system is looked upon as a very innovative means to forward calls. The PBX makes it possible to access this telephony service at workplace or at home with ease.
The growth of business is enhanced with the business phone systems. The users can get detailed information about the service on internet. There are several websites that have uploaded thesis on VoIP that are a result of research of many scholars and scientists . So, reading them gives an in-depth understanding of VoIP and PBX systems.
by Kristen Kiya
Voice Over IP is a very challenging arena with PBX systems providing an enormous scope to people to use the Voice Over IP for business as well as professional purposes. It is especially useful for business as a company having multiple offices in a country can make use of its own PBX system to connect to others.
The VoIP PBX is a switching system meant for core communication. Its full abbreviation is Private Branch Exchange. It offers several features that make calling very exciting. It is a key telephone system and provides users with call setup facility, dial tone, tear-down functions and other such call processing features. Then a PBX system is also supported by a management system. There is also a call accounting system that can keep all call detail records. Then the voice messaging system is used not just for voice messaging but also for other array of functions.
With the growth in business the VoIP PBX solutions have proved to be a smart means of accessing telephony services. There are several reasons for that. It involves simplicity of the system, affordability and easy installation procedures. So, business organisations have started to deploy the system on a rapid scale.
The Voice Over IP is a fairly new technology meant for transferring of voice calls to end users over medium as that of internet. Besides, the system allows integration with the traditional methods of telephony. This is done with various software that are upgraded from time to time. The operation cost for the system is also substantially low.
This business phone system is very beneficial for business houses such as that of call centres. This is because calls are forwarded at a minimum call rate. Then the users are also supported by an Automatic Call Distributor (ACD) system and a Management Information System (MIS). These systems make the VoIP phone very interesting for business organisations. Moreover, the PBX system includes basic features and functions such as Direct Call Dialing (DID), Automatic Route selection (ARS) and Call Detail Recording (CDR).
The PBX system is much more superior than the traditional Key Telephone System (KTS). This is because the features that are basic to a PBX system are considered advanced in case of a KTS. The functionality in case of PBX systems are meant to provide more robust functions, enhancement of ports, voice traffic, call processing and more such important applications.
An IP PBX VoIP can be used to function as an Automatic Call Distributor(ACD). The ACD system are known for four basic call processing functions. They are screening, routing, queueing and answering. The method is very innovative. It allows calls to be distributed to a group of answering stations.
Thus the PBX is viewed upon as a solution to all the basic needs of a user. It brings the latest features with VoIP network connections. People can use the system to forward calls effectively to the end users. As Voice Over IP is coupled with other features such as video conferencing, messaging, 3 way calling while making calls to others, this system is looked upon as a very innovative means to forward calls. The PBX makes it possible to access this telephony service at workplace or at home with ease.
The growth of business is enhanced with the business phone systems. The users can get detailed information about the service on internet. There are several websites that have uploaded thesis on VoIP that are a result of research of many scholars and scientists . So, reading them gives an in-depth understanding of VoIP and PBX systems.
Forex Brokers - Honest or Scam?
Forex Brokers - Honest or Scam?
by Danielle Franklin
Forex brokers - as forex traders we cannot live without them! They are our magic bridge between humble living and the vast world of forex market. And in order to survive in forex market you have to make sure that the forex broker you have picked is honest and reliable.
To everyone's regret, not all forex brokers are reliable though. So in order to avoid "I can't live with or without my broker" situation you have to check every term and condition of the forex broker you have picked. Don't let any condition or extra fee catch you by surprise. The more you know about your forex broker, the better!
In my opinion, the first thing you should check is support. While trading you can run into technical problems, find yourself asking trading questions or even be unable to locate your trading history. Forex broker should provide a fast and professional support to every question that might arise via chat, email or phone call. I think the best way to check this is to open a demo account and see how fast support answers your requests. After all, if a forex broker doesn't take a good care of potential traders what will happen when you turn into a real client? A professional forex broker will give an outstanding support, especially in technical area.
Second thing that I would check in a forex broker is leverage options. Just a reminder for those who forgot - leverage is like a loan. For example a leverage of 1:100 will turn your $1000 into $100,000. But, of course, never ever forget that there is a great risk involved with this trading option. I suggest not drooling over high leverage option. It might just be a perfect trap where you loose all your savings!
One more thing that is crucial in choosing the right forex broker is the spread. You might ask why to care about spread? If the spread is how forex brokers are getting paid for their service why would I care about it? Just a quick reminder, spread is a difference between buying and selling price. So the bigger the spread is, the more the exchange rate has to rise in your favor to break even. To make things short - avoid high spreads! Whenever you see spreads higher then, let's say, 6 pips, RUN!
Let's not forget the trading platform. There are two options web-based and download trading platforms offered by forex brokers. Which one is better? This is something you should decide for yourself. Whether download or web-based, make sure that the trading platform has every trading tool you need, including charts, news, available currencies etc.
Just to summarize - investigate, interrogate and cross-examine your forex broker before you jump in! Test your forex broker with demo accounts and make sure to read those extremely boring terms and conditions. Oh, and one more thing, don't miss anything written in tiny letters in beige font - it might just be another "invisible" extra fee.
There, I said it all. Here is the list of forex brokers that I believe to be honest and reliable, big thanks to ForexExplore Team.
by Danielle Franklin
Forex brokers - as forex traders we cannot live without them! They are our magic bridge between humble living and the vast world of forex market. And in order to survive in forex market you have to make sure that the forex broker you have picked is honest and reliable.
To everyone's regret, not all forex brokers are reliable though. So in order to avoid "I can't live with or without my broker" situation you have to check every term and condition of the forex broker you have picked. Don't let any condition or extra fee catch you by surprise. The more you know about your forex broker, the better!
In my opinion, the first thing you should check is support. While trading you can run into technical problems, find yourself asking trading questions or even be unable to locate your trading history. Forex broker should provide a fast and professional support to every question that might arise via chat, email or phone call. I think the best way to check this is to open a demo account and see how fast support answers your requests. After all, if a forex broker doesn't take a good care of potential traders what will happen when you turn into a real client? A professional forex broker will give an outstanding support, especially in technical area.
Second thing that I would check in a forex broker is leverage options. Just a reminder for those who forgot - leverage is like a loan. For example a leverage of 1:100 will turn your $1000 into $100,000. But, of course, never ever forget that there is a great risk involved with this trading option. I suggest not drooling over high leverage option. It might just be a perfect trap where you loose all your savings!
One more thing that is crucial in choosing the right forex broker is the spread. You might ask why to care about spread? If the spread is how forex brokers are getting paid for their service why would I care about it? Just a quick reminder, spread is a difference between buying and selling price. So the bigger the spread is, the more the exchange rate has to rise in your favor to break even. To make things short - avoid high spreads! Whenever you see spreads higher then, let's say, 6 pips, RUN!
Let's not forget the trading platform. There are two options web-based and download trading platforms offered by forex brokers. Which one is better? This is something you should decide for yourself. Whether download or web-based, make sure that the trading platform has every trading tool you need, including charts, news, available currencies etc.
Just to summarize - investigate, interrogate and cross-examine your forex broker before you jump in! Test your forex broker with demo accounts and make sure to read those extremely boring terms and conditions. Oh, and one more thing, don't miss anything written in tiny letters in beige font - it might just be another "invisible" extra fee.
There, I said it all. Here is the list of forex brokers that I believe to be honest and reliable, big thanks to ForexExplore Team.
Trade Forex For a Living - Do You Have What it Takes to Succeed?
Trade Forex For a Living - Do You Have What it Takes to Succeed?
by Samuel Leslie Berkovits
The fact is anyone has the potential to trade forex for a living not everyone will do what it takes to succeed. So what does it take to enter the group of traders who trade for a living? Let's find out...
First we need to state a fact that 85% of traders lose money, so you know its not going to be a walk in the park. The difference between winners and losers is two fold:
Winners get the right forex education but they also have something more which is they adapt the unique mindset that is needed to succeed. Forex trading is a combination of both and mindset is really the key to success because - anyone can learn a successful method if they want too.
Now let's look at what it takes to trade forex for a living in terms of strategy and mindset.
1. Acceptance of Responsibility
If you think you can just follow an automated forex robot or guru and win, your mistaken.
Most of the forex advice given is dubious anyway - but even the good advice, you need to agree with it and have confidence in it or you wont follow your trading signals with discipline.
2. A Simple Robust Odds Based Strategy
Forget about being complicated simple strategies work best, in an odds based market such as forex.
You can't predict the future and anyone who says they can will lose simply trade the reality of price and trade longer term and hit the big trends.
3. Cheerfully Take Your Losses
If you don't learn to lose you won't win in forex trading.
You see lots of vendors saying you can trade with no losses well, they have never traded! All traders do and that's even the best. You have to keep your discipline and trade through these periods which can last for weeks at a time, until you hit profits again.
4. Your Success is Built on Defense
A successful trader once said to me take care of the losses and make them your priority and the profits will come and take care of themselves and just like the great football teams, if you defend well - your offense will get the chances to win.
Most traders think money management is simply placing a stop its not - it's placing a stop, understanding volatility or standard deviation and knowing when to bank profits.
5. Courage to Accept Big Gains
Most traders won't take the right calculated risks and always want to bank too early. The true pros know forex trends can last for months or years and milk them for all there worth.
6. Courage, Confidence and Discipline
The professional forex traders know how to execute their methods they have the courage to so what they feel is right, when other disagree and rock solid confidence in what their doing, to give them the discipline to stay on course.
7. Success Comes From Within
Any trader who wins knows this.
No one makes you a success - you take the lead and take success for yourself, based upon your skills. Always remember - the market doesn't beat the trader (the conditions faced are the same for everyone), the trader beats himself.
Forex trading is not easy but the rewards are so big you wouldn't expect it to be. On the other hand by working smart and applying a system that's simple, logical and you have the confidence to execute with discipline will bring you success.
Do you have what it takes to trade forex for a living?
Hopefully, this article has gone some way to answering the question for you.
by Samuel Leslie Berkovits
The fact is anyone has the potential to trade forex for a living not everyone will do what it takes to succeed. So what does it take to enter the group of traders who trade for a living? Let's find out...
First we need to state a fact that 85% of traders lose money, so you know its not going to be a walk in the park. The difference between winners and losers is two fold:
Winners get the right forex education but they also have something more which is they adapt the unique mindset that is needed to succeed. Forex trading is a combination of both and mindset is really the key to success because - anyone can learn a successful method if they want too.
Now let's look at what it takes to trade forex for a living in terms of strategy and mindset.
1. Acceptance of Responsibility
If you think you can just follow an automated forex robot or guru and win, your mistaken.
Most of the forex advice given is dubious anyway - but even the good advice, you need to agree with it and have confidence in it or you wont follow your trading signals with discipline.
2. A Simple Robust Odds Based Strategy
Forget about being complicated simple strategies work best, in an odds based market such as forex.
You can't predict the future and anyone who says they can will lose simply trade the reality of price and trade longer term and hit the big trends.
3. Cheerfully Take Your Losses
If you don't learn to lose you won't win in forex trading.
You see lots of vendors saying you can trade with no losses well, they have never traded! All traders do and that's even the best. You have to keep your discipline and trade through these periods which can last for weeks at a time, until you hit profits again.
4. Your Success is Built on Defense
A successful trader once said to me take care of the losses and make them your priority and the profits will come and take care of themselves and just like the great football teams, if you defend well - your offense will get the chances to win.
Most traders think money management is simply placing a stop its not - it's placing a stop, understanding volatility or standard deviation and knowing when to bank profits.
5. Courage to Accept Big Gains
Most traders won't take the right calculated risks and always want to bank too early. The true pros know forex trends can last for months or years and milk them for all there worth.
6. Courage, Confidence and Discipline
The professional forex traders know how to execute their methods they have the courage to so what they feel is right, when other disagree and rock solid confidence in what their doing, to give them the discipline to stay on course.
7. Success Comes From Within
Any trader who wins knows this.
No one makes you a success - you take the lead and take success for yourself, based upon your skills. Always remember - the market doesn't beat the trader (the conditions faced are the same for everyone), the trader beats himself.
Forex trading is not easy but the rewards are so big you wouldn't expect it to be. On the other hand by working smart and applying a system that's simple, logical and you have the confidence to execute with discipline will bring you success.
Do you have what it takes to trade forex for a living?
Hopefully, this article has gone some way to answering the question for you.
วันเสาร์ที่ 4 ตุลาคม พ.ศ. 2551
Forex Autocash Robot Review
Forex Autocash Robot Review
by mandy
Forex Autocash Robot is the most powerful automated forex trading system to date. This was created by John Burrough, the best forex robot developer in he industry. For almost 8 years and 8 months, Forex Auto Cash Robot has never lost a forex trades. This only proves that it is a winning formula that will give anyone opportunity to make huge income from forex trading.
So what are the arguments that will determine if you buy Forex Autocash Robot? I don’t know if you’ve heard of this new forex currency trading system before, but it has a pretty big hype going on around it. But does it live up to it and deliver real high quality information?
I am going to tell you right from the start, Forex Autocash Robot is different than any other automated forex trading system you have read so far. Most of the forex trading robots tell you the same thing: they give you an overview of currency trading, they tell you that you need to paper trade for three months, and they fill your dreams with visions of welfare that you have never imagined before. They are not all scams, but some are. This is not the case of the Forex Autocash Robot.
Forex Autocash Robot gives you an astonishing 50,000% profits. It is the only forex trading system that has been submitted for a law firm for their objective verification to prove that it has really a zero losers trades. This is a new ground breaking discovery and a new forex world record.
What I like about Forex Autocash Robot is that it has a winning formula that no other forex trading system can actually give a trader. If you really want to make huge amount of income from forex trading, it is not enough that you had an automated forex, you should make sure that the forex trading system that you used should give you an accurate and consistent profits, which actually Forex Autocash Robot does!
Forex Autocash Robot can make you money even when you are asleep. It can make you huge income no matter what the market directions. It can give you financial stability even if the banks are going to the wall. It really has withstood all types of market conditions. You should really have to consider Forex Autocash Robot, because of its ability to give trader a consistent, reliable and accurate profitable trades.
The pleasure of discovering everything that it is included in the Forex Autocash Robot will be yours if you decide to purchase the product. Some may feel frightened by the prospect of yet another scam coming their way, but I’m telling you this is not the case. And with John Burroughs money back guarantee there is no risk on your part. Why don't you visit the official Forex Autocash Robot site now! Start changing your life and start making some real money from forex trading the easiest way!
by mandy
Forex Autocash Robot is the most powerful automated forex trading system to date. This was created by John Burrough, the best forex robot developer in he industry. For almost 8 years and 8 months, Forex Auto Cash Robot has never lost a forex trades. This only proves that it is a winning formula that will give anyone opportunity to make huge income from forex trading.
So what are the arguments that will determine if you buy Forex Autocash Robot? I don’t know if you’ve heard of this new forex currency trading system before, but it has a pretty big hype going on around it. But does it live up to it and deliver real high quality information?
I am going to tell you right from the start, Forex Autocash Robot is different than any other automated forex trading system you have read so far. Most of the forex trading robots tell you the same thing: they give you an overview of currency trading, they tell you that you need to paper trade for three months, and they fill your dreams with visions of welfare that you have never imagined before. They are not all scams, but some are. This is not the case of the Forex Autocash Robot.
Forex Autocash Robot gives you an astonishing 50,000% profits. It is the only forex trading system that has been submitted for a law firm for their objective verification to prove that it has really a zero losers trades. This is a new ground breaking discovery and a new forex world record.
What I like about Forex Autocash Robot is that it has a winning formula that no other forex trading system can actually give a trader. If you really want to make huge amount of income from forex trading, it is not enough that you had an automated forex, you should make sure that the forex trading system that you used should give you an accurate and consistent profits, which actually Forex Autocash Robot does!
Forex Autocash Robot can make you money even when you are asleep. It can make you huge income no matter what the market directions. It can give you financial stability even if the banks are going to the wall. It really has withstood all types of market conditions. You should really have to consider Forex Autocash Robot, because of its ability to give trader a consistent, reliable and accurate profitable trades.
The pleasure of discovering everything that it is included in the Forex Autocash Robot will be yours if you decide to purchase the product. Some may feel frightened by the prospect of yet another scam coming their way, but I’m telling you this is not the case. And with John Burroughs money back guarantee there is no risk on your part. Why don't you visit the official Forex Autocash Robot site now! Start changing your life and start making some real money from forex trading the easiest way!
Automated Forex Software
Automated Forex Software
by James Brown
Automated Forex Software
Automated Forex Software has changed the way forex trading is done. This new way of forex trading has been well received by many traders as opposed to the traditional way of trading.
But just why would Forex traders need the automated software? This is a simple question to answer. Forex market is a market that never sleeps. In order for a forex trader to make more money, he'll have to be trading all round the clock. Sadly, this can only mean no free time for Forex traders, which is very difficult to maintain. Automated forex software changes all that. With the software, all the trader has to do is to configure the settings and let the software do the work.
What is really nice and helpful about automated Forex platforms is that they offer demo accounts to Forex traders. You do not have to risk any money when trading with a demo account. This is also the perfect time for you to practice with the features offered by your platform. This way, you can also prepare yourself for the real thing when you start trading with a live account already. Not all software comes with a free demo account. However, if you have to pay for the demo account, you will be reimbursed when you start the live trading.
Choosing amongst the many brands and versions of automated Forex software will surely be a bit confusing for any trader. To get the best software for you, it is important to find one that has the right features that are beneficial to your trading strategies.
Regardless of which softwares you choose, if you are beginning forex trading, it is good idea to use Automated Forex Software to help make some profits while learning the ropes.
by James Brown
Automated Forex Software
Automated Forex Software has changed the way forex trading is done. This new way of forex trading has been well received by many traders as opposed to the traditional way of trading.
But just why would Forex traders need the automated software? This is a simple question to answer. Forex market is a market that never sleeps. In order for a forex trader to make more money, he'll have to be trading all round the clock. Sadly, this can only mean no free time for Forex traders, which is very difficult to maintain. Automated forex software changes all that. With the software, all the trader has to do is to configure the settings and let the software do the work.
What is really nice and helpful about automated Forex platforms is that they offer demo accounts to Forex traders. You do not have to risk any money when trading with a demo account. This is also the perfect time for you to practice with the features offered by your platform. This way, you can also prepare yourself for the real thing when you start trading with a live account already. Not all software comes with a free demo account. However, if you have to pay for the demo account, you will be reimbursed when you start the live trading.
Choosing amongst the many brands and versions of automated Forex software will surely be a bit confusing for any trader. To get the best software for you, it is important to find one that has the right features that are beneficial to your trading strategies.
Regardless of which softwares you choose, if you are beginning forex trading, it is good idea to use Automated Forex Software to help make some profits while learning the ropes.
Forex Trading Online - How To Make Money Online Through Trading Forex
Forex Trading Online - How To Make Money Online Through Trading Forex
by Daniel S.
There are many people in this world have their own businesses and or even online businesses, but why should they start making money online through forex? Forex is also called foreign exchange, Fx trading or currency trading. Forex trading is buying and selling foreign currency and making gains out of it. Some advantages you must not ignore:
1. If you are holding a nine-to-five job, you do not worry that there no time to trade because the forex market is open 24 hours a day, 5 ½ days a week, and is today the most liquid market in the world. Which other markets can be compared to that?
2. In every Fx trade positions, no matter what the forex market condition is, you can be sure there is NO lack of trading opportunities as traders short(sell) currency pairs in anticipation that it will depreciate and long(buy) the currency pairs in anticipation it will appreciate.
3. Forex traders can utilize up to 200:1 leverage which means that you can execute more trades compared to lower leverage. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. No other financial instruments offer better leverage and commission terms than that.
4. If you are new to the foreign exchange market, you do not have to worry about spending thousands of dollars to learn or buy a course. There is online forex trading course that will explain how the forex market works and a forex tutorial will also explain about fundamental and technical strategies that are available to you as a forex trader.
5. Schedule your own time. Whether you want to go for a holiday from the profits earned from the trading market or play a golf session with your old friend, as long as you can spend a dime of your time to trade, you will have never ending profits.
6. Learning forex is simple as all you will need is a computer or a laptop, and you can start placing trades with forex brokers or market makers through various online forex trading platforms.
7. In the past, forex exchange trading was difficult for many individuals as fx trading was only permitted for large financial institutions such as banks, big stock brokering etc. But now you can be a part and you should be a part of the huge trading action all thanks to the advanced technology, even if you are a small trader.
8. Last but not least, after your forex training and such, still afraid to risk your hard-earned cash? Take the time to learn it well by trying on a demo forex trading account before you start a real account.
The only shortcoming of forex trading is that the income is unstable. One month you may earn US$20,000, while the other month you may earn US$5000. So you may appreciate how the market determines your income and not your boss.
by Daniel S.
There are many people in this world have their own businesses and or even online businesses, but why should they start making money online through forex? Forex is also called foreign exchange, Fx trading or currency trading. Forex trading is buying and selling foreign currency and making gains out of it. Some advantages you must not ignore:
1. If you are holding a nine-to-five job, you do not worry that there no time to trade because the forex market is open 24 hours a day, 5 ½ days a week, and is today the most liquid market in the world. Which other markets can be compared to that?
2. In every Fx trade positions, no matter what the forex market condition is, you can be sure there is NO lack of trading opportunities as traders short(sell) currency pairs in anticipation that it will depreciate and long(buy) the currency pairs in anticipation it will appreciate.
3. Forex traders can utilize up to 200:1 leverage which means that you can execute more trades compared to lower leverage. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. No other financial instruments offer better leverage and commission terms than that.
4. If you are new to the foreign exchange market, you do not have to worry about spending thousands of dollars to learn or buy a course. There is online forex trading course that will explain how the forex market works and a forex tutorial will also explain about fundamental and technical strategies that are available to you as a forex trader.
5. Schedule your own time. Whether you want to go for a holiday from the profits earned from the trading market or play a golf session with your old friend, as long as you can spend a dime of your time to trade, you will have never ending profits.
6. Learning forex is simple as all you will need is a computer or a laptop, and you can start placing trades with forex brokers or market makers through various online forex trading platforms.
7. In the past, forex exchange trading was difficult for many individuals as fx trading was only permitted for large financial institutions such as banks, big stock brokering etc. But now you can be a part and you should be a part of the huge trading action all thanks to the advanced technology, even if you are a small trader.
8. Last but not least, after your forex training and such, still afraid to risk your hard-earned cash? Take the time to learn it well by trying on a demo forex trading account before you start a real account.
The only shortcoming of forex trading is that the income is unstable. One month you may earn US$20,000, while the other month you may earn US$5000. So you may appreciate how the market determines your income and not your boss.
Choosing a Forex Trading System
Choosing a Forex Trading System
by Nick Crumbo
The Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It has drawn much attention since it is open to online trading. Forex trading can be very profitable if you take your time to do proper research, understanding various options, and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Check websites for testimonials from customers - both positive and negative. Search for the name of the system in forums and you can get a feel for which are good and bad.
2. Impression: Do not be over impressed from high percentages of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general.
3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
4. Drawdown: The maximum drawdown of a trading system is defined as the greatest peak-to-valley drawdown in a trading system's equity. Maximum drawdown gives us a measure of the survivability of the trading system.
5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
by Nick Crumbo
The Forex market or Foreign Currency Exchange market is one of the biggest trading market in the world with over USD 1.3 Trillion traded in a day. It has drawn much attention since it is open to online trading. Forex trading can be very profitable if you take your time to do proper research, understanding various options, and choose a system that works for you. The most used Forex trading system may not be the most suitable for your needs.
There are many different kinds of Forex Trading Systems and you need to know a few facts as mentioned below, before choosing and funding a system.
1. Testimonials: Check websites for testimonials from customers - both positive and negative. Search for the name of the system in forums and you can get a feel for which are good and bad.
2. Impression: Do not be over impressed from high percentages of winning forex trades because a 90-95% winning trades with with average value $10 gets you $900. If you have 10% losing trade and unfortunately average losing trade is $200, then your account is reduced by $2000. This is an explanation that people often tend to ignore while doing Forex Trading or any trading in general.
3. Profit: Do you want to work with a Forex Trading system that breaks even? Why? If you keep the money in your home, you will still break even, then why take all the hassles of setting up an Forex Trading account and do all the work. Really speaking, you should always do some research on how profitable a particular trading system is?
4. Drawdown: The maximum drawdown of a trading system is defined as the greatest peak-to-valley drawdown in a trading system's equity. Maximum drawdown gives us a measure of the survivability of the trading system.
5. Time to profit: The actual time it takes to achieve the results with a particular trading system. You should plan to have a long and profitable relationship with your trading system.
Try to use a trading system that let you open a Demo account so that you can practice and learn about Forex Trading without risking any money.
Learn To Trade The Forex By Getting The Best Forex Software
Learn To Trade The Forex By Getting The Best Forex Software
by Clive Paulson
The best way to learn to trade the forex for profits is to get a forex trading software package that is automated for you to get profits with the minimal of input.
There are many styles of forex trading software available however many give a fancy sales patter but the products are truly substandard. I have been trading the forex for many years now and make a very comfortable lifestyle from it.
Over the years I have used many different forex trading software packages . Some have made me a lot of money and some have actually lost me money straight from day one.
To help you learn how to trade the forex for profit I have written a review two of the best forex software available and you can make your mind up from there. Read the review by Clicking Here!
To learn to trade the forex I recommend two makes of forex trading software that should give you everything that you require to trade the forex safely and offer you all the support you will ever need to get your forex empire up and running.
The Package I would recommend is Forex Autopilot this is a well designed and simple to use software that offers you 24/7 support which is essential when you want to learn to trade the forex. The other package that I would recommend is Forex Killer this is also an excellent package and has been the market leader for many years and offers you the same perks that Forex Autopilot can offer you.
Both these forex trading software packages are ideal if this is your first venture into trading the forex and will give you all the support and instruction that you need to get your forex empire up and running!
by Clive Paulson
The best way to learn to trade the forex for profits is to get a forex trading software package that is automated for you to get profits with the minimal of input.
There are many styles of forex trading software available however many give a fancy sales patter but the products are truly substandard. I have been trading the forex for many years now and make a very comfortable lifestyle from it.
Over the years I have used many different forex trading software packages . Some have made me a lot of money and some have actually lost me money straight from day one.
To help you learn how to trade the forex for profit I have written a review two of the best forex software available and you can make your mind up from there. Read the review by Clicking Here!
To learn to trade the forex I recommend two makes of forex trading software that should give you everything that you require to trade the forex safely and offer you all the support you will ever need to get your forex empire up and running.
The Package I would recommend is Forex Autopilot this is a well designed and simple to use software that offers you 24/7 support which is essential when you want to learn to trade the forex. The other package that I would recommend is Forex Killer this is also an excellent package and has been the market leader for many years and offers you the same perks that Forex Autopilot can offer you.
Both these forex trading software packages are ideal if this is your first venture into trading the forex and will give you all the support and instruction that you need to get your forex empire up and running!
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