A Review of the Forex Killer Currency Trading Course
by Brian Garvin
Foreign Exchange (Forex) Trading is one of the largest investment vehicles in the world; over the course of each day, nearly 2 trillion dollars, an amount of money rivaling the entire United States Government annual budget - is traded on foreign currency exchanges each day. Since the 1990s, forex trading has been opened up to private investors, as well as institutional banks, and has become one of the greatest money making opportunities in the world.
In a nutshell, forex trading means converting one currency into another. If, for example, the Euro were trading at $1.20 to the dollar, it would take $1.20 to buy one Euro. Later, the Euro might be $1.40 to the dollar - if you bought Euros at $1.20 and sold them at $1.40, your investment would have appreciated at $1.40/$1.20 or by 16.67%.
Each tenth of a percentage point of change is called a "pip", and good investors learn to read trends in the market, and look for things that signal upcoming changes in the market. Lots of banks invest a lot of money and expertise and data storage into analysts who can read those signals and leverage changes that are as small as a thousandth of a penny - when you're moving two billion dollars on a move, a thousandth of a penny shift translates into a significant chunk of change.
Which is where Forex Killer comes in. Andreas Kirchberger worked for Duetschebank for a decade before forex got deregulated; he's learned more about reading signals that most people will ever have time to learn, and he's made more mistakes (with monetary amounts that dwarf the budgets of most cities) than you'll ever have the time or guts to make. In the end, everything he learned boiled down to this:
He who has the most accurate information at the earliest time gets to make the best decisions, and that information is more than just the current exchange rate, or the historical change rate - it's also a factor of news stories, mass psychology, investor risk dynamics (all investors are prone to riding out the risks for too long, and that shapes trends in currency pairs), and a bunch of mathematical factors.
With the help of several mathematicians and even a couple of top notch psychologists, he's built all those factors into ForEx Killer. ForEx killer comes with a basic tutorial on what Forex trading is. It also "learns" as you hoot it into various data sources, and can be tailored to work on any pair of currencies, or multiple mosaics of currency pairs.
It's designed to spot trends before they crest so you can buy in early, or sell before things crash, and while it's not infallible, it does put many of the same informational tools at your fingertips that the professionals use. Furthermore, because of Andreas' experience with the markets, ForEx Killer can look at trends, match them to patterns, and give you estimated guesses about what else is going on "behind the scenes".
Now, ForEx Killer, like any investment tool, entails some risk. Which is why the program includes a dummy account; you're not trading real money, you're trading made up money, and ForEx Killer will let you do this as long as you like until you convince yourself that the tool works, and that you understand what's going on.
ForEx Killer is only an informational tool; it does not replace the need for a broker, or the need to have a well considered strategy. Decide early on if you want to be a day-trader or a buy-and-hold strategist. Day-trading strategies can make you more money quickly; buy-and-hold strategies involve several orders of magnitude less work, and ForEx Killer will provide you with adequate information to pursue either strategy.
แสดงบทความที่มีป้ายกำกับ Currency Trading Course แสดงบทความทั้งหมด
แสดงบทความที่มีป้ายกำกับ Currency Trading Course แสดงบทความทั้งหมด
วันเสาร์ที่ 5 กรกฎาคม พ.ศ. 2551
วันอาทิตย์ที่ 6 มกราคม พ.ศ. 2551
The 3 Most Profitable FOREX Charts
The 3 Most Profitable FOREX Charts
by Yusoff Allian
A basic understanding of technical analysis can propel the novice FOREX trader from a micro account to the big leagues in record time, and it really isn't that difficult to master once you comprehend the basics. At first glance all these charts and acronyms can seem daunting and can quickly scare the average novice trader away, but it's really not as complicated as it looks. Let's take a look at the three most popular FOREX charts out there right now.
The Line Chart.
This is the kind of chart that even non-traders are familiar with. It plots closing prices from one day to the next and connects the two points with a line, forming a jagged line with peaks and valleys from left to right. The general trend of a currency pair is very easy to identify as the price will either trend up, down, or remain relatively stagnant.
The Bar Chart.
The bar chart is a glorified line chart that not only shows the closing price, but also shows the opening price that day and also the high and low that the currency pair reached that day. Picture a vertical line, with the top point of the line representing the high price traded that day, and the bottom of the line indicating the low price traded that day. Each vertical line also has a horizontal line on the left side that indicates the opening price that day, and a horizontal line on the right side that represents the closing price that day. This FOREX chart is particularly useful as it's easy to identify the long term trend of a currency pair while also seeing what kind of daily variation it typically experiences.
You'll often see bar charts referred to as "OHLC" charts - Open, High, Low, and Close, for the reasons explained above.
The Candlestick Chart.
Candlestick charts are probably the most popular type of FOREX chart used by professional FOREX traders. It combines the best elements of the line chart and bar chart and adds its own unique twist. A candlestick has a vertical line, just like the bar chart, but instead of having horizontal lines on either side that represent the open and close prices it has a rectangular box in the middle of the vertical line. The inside of this box is typically white if the price closed higher than it opened, and black if the price closed lower than it opened, although you'll see various color schemes used from site to site.
Candlestick charts don't contain any extra information than a bar chart, but visually they're much easier to understand at a quick glance. You'll find that you'll be able to identify trends much quicker and recognize market reversals much easier than if you were using a bar chart.
As candlestick charts tend to be the most popular of the FOREX charts you'll find that there tends to be a lot more information available online about them, including information on candlestick patterns. These patterns have been tweaked many times over and are very handy in identifying emerging trends in a currency or stock, and it's highly recommended that you familiarize yourself with some of the more well known candlestick patterns if you want to realize some serious profits in FOREX trading.
by Yusoff Allian
A basic understanding of technical analysis can propel the novice FOREX trader from a micro account to the big leagues in record time, and it really isn't that difficult to master once you comprehend the basics. At first glance all these charts and acronyms can seem daunting and can quickly scare the average novice trader away, but it's really not as complicated as it looks. Let's take a look at the three most popular FOREX charts out there right now.
The Line Chart.
This is the kind of chart that even non-traders are familiar with. It plots closing prices from one day to the next and connects the two points with a line, forming a jagged line with peaks and valleys from left to right. The general trend of a currency pair is very easy to identify as the price will either trend up, down, or remain relatively stagnant.
The Bar Chart.
The bar chart is a glorified line chart that not only shows the closing price, but also shows the opening price that day and also the high and low that the currency pair reached that day. Picture a vertical line, with the top point of the line representing the high price traded that day, and the bottom of the line indicating the low price traded that day. Each vertical line also has a horizontal line on the left side that indicates the opening price that day, and a horizontal line on the right side that represents the closing price that day. This FOREX chart is particularly useful as it's easy to identify the long term trend of a currency pair while also seeing what kind of daily variation it typically experiences.
You'll often see bar charts referred to as "OHLC" charts - Open, High, Low, and Close, for the reasons explained above.
The Candlestick Chart.
Candlestick charts are probably the most popular type of FOREX chart used by professional FOREX traders. It combines the best elements of the line chart and bar chart and adds its own unique twist. A candlestick has a vertical line, just like the bar chart, but instead of having horizontal lines on either side that represent the open and close prices it has a rectangular box in the middle of the vertical line. The inside of this box is typically white if the price closed higher than it opened, and black if the price closed lower than it opened, although you'll see various color schemes used from site to site.
Candlestick charts don't contain any extra information than a bar chart, but visually they're much easier to understand at a quick glance. You'll find that you'll be able to identify trends much quicker and recognize market reversals much easier than if you were using a bar chart.
As candlestick charts tend to be the most popular of the FOREX charts you'll find that there tends to be a lot more information available online about them, including information on candlestick patterns. These patterns have been tweaked many times over and are very handy in identifying emerging trends in a currency or stock, and it's highly recommended that you familiarize yourself with some of the more well known candlestick patterns if you want to realize some serious profits in FOREX trading.
วันเสาร์ที่ 5 มกราคม พ.ศ. 2551
A Review of the Forex Killer Currency Trading Course
A Review of the Forex Killer Currency Trading Course
by Brian Garvin & Jeff West
Foreign Exchange (Forex) Trading is one of the largest investment vehicles in the world; over the course of each day, nearly 2 trillion dollars, an amount of money rivaling the entire United States Government annual budget - is traded on foreign currency exchanges each day. Since the 1990s, forex trading has been opened up to private investors, as well as institutional banks, and has become one of the greatest money making opportunities in the world.
In a nutshell, forex trading means converting one currency into another. If, for example, the Euro were trading at $1.20 to the dollar, it would take $1.20 to buy one Euro. Later, the Euro might be $1.40 to the dollar - if you bought Euros at $1.20 and sold them at $1.40, your investment would have appreciated at $1.40/$1.20 or by 16.67%.
Each tenth of a percentage point of change is called a "pip", and good investors learn to read trends in the market, and look for things that signal upcoming changes in the market. Lots of banks invest a lot of money and expertise and data storage into analysts who can read those signals and leverage changes that are as small as a thousandth of a penny - when you're moving two billion dollars on a move, a thousandth of a penny shift translates into a significant chunk of change.
Which is where Forex Killer comes in. Andreas Kirchberger worked for Duetschebank for a decade before forex got deregulated; he's learned more about reading signals that most people will ever have time to learn, and he's made more mistakes (with monetary amounts that dwarf the budgets of most cities) than you'll ever have the time or guts to make. In the end, everything he learned boiled down to this:
He who has the most accurate information at the earliest time gets to make the best decisions, and that information is more than just the current exchange rate, or the historical change rate - it's also a factor of news stories, mass psychology, investor risk dynamics (all investors are prone to riding out the risks for too long, and that shapes trends in currency pairs), and a bunch of mathematical factors.
With the help of several mathematicians and even a couple of top notch psychologists, he's built all those factors into ForEx Killer. ForEx killer comes with a basic tutorial on what Forex trading is. It also "learns" as you hoot it into various data sources, and can be tailored to work on any pair of currencies, or multiple mosaics of currency pairs.
It's designed to spot trends before they crest so you can buy in early, or sell before things crash, and while it's not infallible, it does put many of the same informational tools at your fingertips that the professionals use. Furthermore, because of Andreas' experience with the markets, ForEx Killer can look at trends, match them to patterns, and give you estimated guesses about what else is going on "behind the scenes".
Now, ForEx Killer, like any investment tool, entails some risk. Which is why the program includes a dummy account; you're not trading real money, you're trading made up money, and ForEx Killer will let you do this as long as you like until you convince yourself that the tool works, and that you understand what's going on.
ForEx Killer is only an informational tool; it does not replace the need for a broker, or the need to have a well considered strategy. Decide early on if you want to be a day-trader or a buy-and-hold strategist. Day-trading strategies can make you more money quickly; buy-and-hold strategies involve several orders of magnitude less work, and ForEx Killer will provide you with adequate information to pursue either strategy.
by Brian Garvin & Jeff West
Foreign Exchange (Forex) Trading is one of the largest investment vehicles in the world; over the course of each day, nearly 2 trillion dollars, an amount of money rivaling the entire United States Government annual budget - is traded on foreign currency exchanges each day. Since the 1990s, forex trading has been opened up to private investors, as well as institutional banks, and has become one of the greatest money making opportunities in the world.
In a nutshell, forex trading means converting one currency into another. If, for example, the Euro were trading at $1.20 to the dollar, it would take $1.20 to buy one Euro. Later, the Euro might be $1.40 to the dollar - if you bought Euros at $1.20 and sold them at $1.40, your investment would have appreciated at $1.40/$1.20 or by 16.67%.
Each tenth of a percentage point of change is called a "pip", and good investors learn to read trends in the market, and look for things that signal upcoming changes in the market. Lots of banks invest a lot of money and expertise and data storage into analysts who can read those signals and leverage changes that are as small as a thousandth of a penny - when you're moving two billion dollars on a move, a thousandth of a penny shift translates into a significant chunk of change.
Which is where Forex Killer comes in. Andreas Kirchberger worked for Duetschebank for a decade before forex got deregulated; he's learned more about reading signals that most people will ever have time to learn, and he's made more mistakes (with monetary amounts that dwarf the budgets of most cities) than you'll ever have the time or guts to make. In the end, everything he learned boiled down to this:
He who has the most accurate information at the earliest time gets to make the best decisions, and that information is more than just the current exchange rate, or the historical change rate - it's also a factor of news stories, mass psychology, investor risk dynamics (all investors are prone to riding out the risks for too long, and that shapes trends in currency pairs), and a bunch of mathematical factors.
With the help of several mathematicians and even a couple of top notch psychologists, he's built all those factors into ForEx Killer. ForEx killer comes with a basic tutorial on what Forex trading is. It also "learns" as you hoot it into various data sources, and can be tailored to work on any pair of currencies, or multiple mosaics of currency pairs.
It's designed to spot trends before they crest so you can buy in early, or sell before things crash, and while it's not infallible, it does put many of the same informational tools at your fingertips that the professionals use. Furthermore, because of Andreas' experience with the markets, ForEx Killer can look at trends, match them to patterns, and give you estimated guesses about what else is going on "behind the scenes".
Now, ForEx Killer, like any investment tool, entails some risk. Which is why the program includes a dummy account; you're not trading real money, you're trading made up money, and ForEx Killer will let you do this as long as you like until you convince yourself that the tool works, and that you understand what's going on.
ForEx Killer is only an informational tool; it does not replace the need for a broker, or the need to have a well considered strategy. Decide early on if you want to be a day-trader or a buy-and-hold strategist. Day-trading strategies can make you more money quickly; buy-and-hold strategies involve several orders of magnitude less work, and ForEx Killer will provide you with adequate information to pursue either strategy.
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