Free Forex Buy and Sell Indicators

By Steven Hoven

Forex trading is one of the best to make money and invest in. But not everyone can trade and be successful in forex market. We just need to understand many things and apply them while we trade in forex. We need to know when to buy and sell in forex so that we can make decent profits from it. There is no doubt many tips and techniques available, but not all of them work in real life. Here we shall discuss one such technique which you can apply and make profits from forex trading.

So where can I get free forex buy and sell indicator? This is one of the most invaluable tools that you can adopt while you trade in forex. And as said earlier, the points at which we need to buy and sell decided how much profit or loss we are going to make. This trading system can work wonders for you, if you can learn this and use them in your trading.

Free forex buy and sell indicator is a very helpful tool to take important decision in trading forex. It will give you clear cut signals when to enter and exit or in other words when to buy and sell during the trade. The best part is that, even if you are a complete novice and inexperienced in forex you can very well make use of this very soon and it will work for you wonderfully.

There is also something called Watch The Trend which is being used by many traders in forex. It will give you the trend of any forex market you choose at any time you want. Free forex buy and sell indicator is just that FREE!

Some Advantages of this sytsem include the high win ratio; that means it gives excellent win to loss ratio which will make a lot of money for you. It is very easy to follow given the simple instruction it has and it guides you at every step. And more than anything else, it is totally free of cost and no hidden charges even for email support.

You can get the Free forex buy and sell indicator at

http://www.WatchTheTrend.com

Trend Analysis for FREE can be received at http://www.WatchTheTrend.com. Steve Hoven is a trader and reviewer of trading products.

Forex Technical Analysis is Important

By Steven Hoven

Those who trade in forex must have an idea about Technical Analysis. Many traders in forex lose much more than they actually profit from the forex market. The basic reason behind it is the lack of knowledge about the Forex Technical Analysis. Technical analysis is the tool by which you can predict the future price movement of a currency you are trading in the forex based on the past data which are stored and well compiled.

Like the stock market, forex markets also pass through different stages at different periods of time. The price movement of the currencies in the past helps us in analyzing its future trends. There are many tools used by the traders like market trends, indicators and charts. There are also some other indicators which will be discussed below.

The most fundamental thing to understand about Forex Technical Analysis the markets is that the current price of any currency is the sum total of various factors like: supply, demand, fundamentals, economic conditions, market sentiments, political condition of a country being the major ones. So at any point of time all these factors need to be kept in mind while trading in forex.

Coming to market trends; as per all the data which has been complied since forex trading started in history, it shows that history repeats. In other worlds, the trends which were seen in the past are likely to occur in future too with not much difference.

Apart from them there are some other indicators like the moving average charts. They are considered to be the most basic indicators in forex markets. It identifies the trends in the market easily. Similar charts include moving average envelope, moving average convergence and divergence. These charts indicate the support, resistance levels. Forex Technical Analysis is important.

Then there are volume based indicators. It signifies the number of buyers and sellers involved in the market which decided the price movement to a greater extent than others. Now if a currency pair has strong price movement, it directly indicates the volume of the currency being traded.

Ranging indicators consists of Relative strength index which has oscillators ranging from 0 to 100.It shows whether a currency is overbought or oversold in the market. It actually measures the momentum of a counter. Forex Technical Analysis is key.

Fibonacci series is also used analyzing the future price of a counter. Fibonacci studies are done and they are converted to three important percentage levels: 38.2%, 50% and 61.8%. And with the help of this, we can very well make out the future trend in a given currency.

So in short there are many technical analysis tools and techniques. And each pattern and tool has its own importance in the market. So we should better learn them and keep them in mind while trading so that we can land up making profits rather losing money in the markets.

Forex Technical Analysis can also be received at

http://www.WatchTheTrend.com

Trend Analysis for FREE can be received at http://www.WatchTheTrend.com. Steve Hoven is a trader and reviewer of trading products.

Free Forex Buy and Sell Indicator - Online Forex Tools

By Arkaitz Arteaga

A free Forex Buy and Sell Indicator is a good option if you are someone who trades actively in foreign currencies. This could be a very useful tool for you if you want to keep track of the daily price rises and falls in the forex market. The application can give you precious information regarding currency trading as and when you need this. This will ensure you have the facts with you when you need to make a decision in a fluctuating market.

A free forex buy and sell indicator takes the guesswork out of forex trading. It makes sure you are trading based on solid facts and not just on a whim. It will also ensure you are backed with historical data on trends regarding the currencies you are trading in.

There are many sites where you can check out free forex buy and sell indicators. These sites offer customers software which can help predict whether it is wise to sell or to hold on to the currencies you are trading in. Some sites which offer buy and sell indicators are business4profitsystems and swing currency. You might want to try out a few sites and find out which one is best suited to your requirements.

Apart from the free indicators, there are a host of other sites which allow you to download such applications for a fee. Such paid sites might give you superior quality and better features, which a free one cannot offer. Applications like Forex AutoPilot - also called FAPS - are fast gaining popularity among users. This is an automated software which trades at anytime provided you leave your computer on. the software requires you to feed in the basic ranges in which you would like to trade and rest assured the software will take care of the rest. This might sound a little dicey to those of you who would like to be in total control of your forex trading. The Forex Autopilot has an in -built free forex buy and sell indicator. But this comes only in its demo version.

Another well received software for forex buy and sell indication is Doubling stocks. This software also helps you make cardinal decisions in the forex market regarding when to buy, sell or exit a trade. This is not an automated software, so you will need to do the trading yourself on the basis of what the software tells you. This would be reassuring for those of you who need to have complete control over what you are trading. This software application also comes with a free demo package. The demo software is definitely very rich and detailed. It would be a boon for those who are entering the forex trading business and provide valuable support for those who have experience in the forex markets.

Apart from these two there are many other sites which sell forex buy and sell indicators for a price. What you need to keep in mind when you purchase this software is the sensitivity of the software to daily fluctuations in the market. Automated robots like FAPS offer a demo version which allows you to do mock trading without spending a cent. You might want to try this option before you actually buy the software. This way you can be completely sure about the accuracy and the appropriateness of the advice offered.

Arkaitz Arteaga - MarketStock.net For more information about Forex visit Forex - MarketStock.net

Forex Scams - Do Not Let Online Thieves Steal Your Money

By Nikola Belic

Forex market, as one of the largest markets in the world, is very lucrative and tempting opportunity for anyone and therefore, most scam artists will use it to lure people into their schemes and steal money from them.

Internet is, unfortunately, very convenient for scam artists and it is relatively easy to cheat people. Today anyone can purchase a domain name and set up a website for less than a $100. It is also possible to hire an expert to design a website for relatively small amount of money.

Also, most people are not familiar much about forex market which makes them easy targets as it is very easy to promise dreams and manipulate numbers and information presented.

Scam artists can very easily hide from public, and once scammed, getting money back is very difficult and often impossible.

The most common forex scams are various investment programs, also known as HYIPs, or High Yield Investment Programs. Scam artists usually present themselves as financial experts that can bring unrealistic profit through investing in forex market, stock market, oil, online shares, various off-line businesses, etc. and offer potential victims a chance to profit on their "expertise".

Scam is usually seen as great investment opportunity, sometimes with unrealistic returns (200% - 300% within days), and many people decide to invest money in it. The catch is that every investor must wait a certain amount of time before money can be withdrawn. For example, if a program offers 300% within 10 days, it means that if you invest $100, after 10 days this "expert" will "earn" you $300. During this time investment is locked which means that you can't withdraw a single cent before 10 days expire. Of course this time is necessary for program owners to "trade with invested money" and "generate profit" for investors.

What is really happening during that time nobody knows for sure, but here is the most likely scenario:

You invest certain amount of money and have to wait 10 days before you can withdraw any money. During that time scam artist promotes his program over Internet to find more potential investors. Scam artist also offers investors a commission for every new investor they bring which makes promotion of his website (scam) easy.

Each and every one of the new investors invest various sums of money and each and every one of them has to wait 10 days before withdrawing any money. After first 10 days scam artist usually collects enough money to pay his initial investors their profit. They are happy because they earned a lot of money and decide to tell everyone they know about this program.

The number of investors starts to grow exponentially as well as the money scam artist is collecting. At one point of time he has enough money to live happily ever after and cannot afford anymore to pay profits to investors. It is then when he decides to stop issuing payments and HYIP collapses. In this scenario only first few investors made money, while many others that joined later lost their investments.

Other scenarios are also possible where no one gets paid and scam artist just collects money, makes empty promises, and suddenly disappears with his program. Also, many scam artists return later with a new looking program under different name and website and scam people again.

Some of them even offer realistic investment returns and use that to attract more investors, but one thing you never know about these kind of programs is WHEN they will stop making payments or WHEN they are going to disappear.

High Yield Investing Programs are just one type of forex scams. There are many more investment programs that offer unrealistic income through some kind of get rich quick scheme involving forex trading. There are also a lot of shady forex brokers that offer foreign currency futures and option contracts and they should be avoided at all costs. Some of these programs may seem legitimate and may be very hard to recognize but always keep in mind their only goal - to take your money.

The best recipe to avoid getting scammed is to use your due diligence. If something looks too good to be true, it probably is. Also pay close attention to every detail when you come across some websites that offer "great opportunity" and ALWAYS do a thorough research. It is difficult to say if there may be genuine investing programs that really trade with invested money and generate profit to investors. There are, but probably less than 1% of all investing programs and these programs are private, offer low returns and rarely accept new members.

Never let some tempting offer cloud your judgment. Be suspicious of every offer where you have to decide and act quickly because scam artists usually use this technique to prevent you from thinking a lot about it. Always do a research and you will never be wrong. If the offer is genuine it won't disappear overnight and will be available tomorrow.

If you are interested in investing in forex, arm yourself with knowledge - learn as much as you can about forex trading and thread carefully in forex market. Also find a lot of forums and online discussions about forex trading on the Internet and join them. They are excellent source of free information and even give you a chance to interact with other forex traders. You can see opinions and experiences of different people about various matters; forex trading strategies, forex scams, HYIPs and other investment programs and even ask questions about anything in particular.

This article was written by Nikola Belic. To learn more about forex trading, visit http://www.forex-trading-secrets.net. This article may be republished and reprinted as long as the bylines are intact with all the links clickable.

Forex Trading Fact - Anyone Can Learn Forex Trading But the Majority Lose - Why?

By Kelly Price

Most traders lose at forex trading. While the fact is anyone can learn and win if they want to, most traders lose when they don't need to, for three main reasons which are the subject of this article...

Here are the reasons that wipe out 95% of traders and you must avoid these key mistakes or join them.

1. Following Others

It amazes me how many people follow ridiculous schemes put forward by vendors and the king of these is the forex robots. Simply, plug them in, sit back and get rich for $100.00, if only forex trading were that simple!

Of course these robots or most of the other systems sold never have real track records, just simulated track records in hindsight and you have no chance of winning with them as there unproven and made up.

If you want to be successful in life or in forex trading, you need to do it on your own and forget others telling you that you can follow them, you can't

2. Not Understanding the Basics

Most people simply don't understand the nature of forex markets and try methodologies which simply don't work and here are a couple of the most popular.

- Believing there is a scientific theory of market movement when its obvious there is not
- Thinking that forex day trading or forex scalping will work even though volatility is random

These people also don't understand how the markets work or how they reward you and they don't reward you for the following yet a huge amount of traders believe they do! Here are some common misconceptions.

- Working hard will give you success, you of course get paid on results regardless of time spent
- Being clever - many clever people think they have a right to win but this is not the case
- Following news stories and thinking there tradable, when its obvious the market is a discounting mechanism
- Not understanding volatility and using to much leverage

There are many more but the above are some common ones.

3. Not Having Discipline

The above two errors which lead on to this one, the elusive trait of discipline.

It's often spoken about but little understood and how it is so hard to achieve. Of course you can achieve it but it comes from knowing what you are doing and having confidence.

Only then will you have the discipline to stay on course and trade through losing periods ( all traders have them), until you eventually hit a home run and profits.

Trading is not just about having a good forex trading system - it's also about having the discipline to apply it and execute your trading signals consistently.

If you have understood the above, you will see why the vast majority of forex traders lose and how you can step aside from them, work smart and get a robust, simple trading system you have confidence in and can execute with discipline, to achieve long term currency trading success.

If you can do the above and understand this forex trading fact, you can make a great second or even life changing income and your currency trading success is all in your hands.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Currency Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Are All Forex Traders Geeks?

By Yana Kah

After spending yet another day next to my monitor forex trading it finally hit me! I suddenly realized that I fall under classic definition of a geek (of course I prefer to call myself a man who highly appreciates modern technology).

1. I own couple of t-shirts that says "Eat. Sleep. Trade." Come to think of it, this is exactly how my day is.

2. I find it difficult to do anything else but trading. I tried watching the replay "Sopranos" the other night and I checked forex charts more then 5 times during 40-minute episode.

3. Whenever my friends invite me somewhere, I don't really want to go. I can't stop wondering what will happen to forex market while I am away!

4. My laptop travels with me to every holiday destination. We sunbathe together on the beach until the sun goes down and there is no more battery left.

5. Don't tell anyone but I secretly wish to have several monitors on my desk (like in matrix!) with charts, graphs and updates running, stats and reports flashing.

6. My primary means of communication (even with my wife) is email. She sometimes sends me email to come down for a dinner.

7. I have a special relationship with my computer. Since I started trading I take a great care of it. After all it is my primary tool for knowledge and income these days.

8. What do I do for fun? Hmmm... write about my trading experiences, discuss it with my fellow traders, read forex books... wow... I am officially a forex nerd!

9. My latest exercise routine is taking my laptop to the park. Even my dog seems to understand trading these days.

10. Lastly, and this is not even related to trading - I love "Lord of the Rings"! I have watched it 5 times and wouldn't mind watching it again, if only I could "disconnect" myself from my computer!

So there, I admitted it. But I still wonder if all forex traders share this common "ground"!

Check out more forex articles, tutorials and forex brokers reviews at http://www.forexexplore.com

10 Essentials of Forex Trading - For Getting Into the Top 10 Percent in Forex

By Tony Matos

This article will discuss the top 10 basics of Forex trading. Currency trading is not a game, it is a business. Only a select 10 percent of currency traders are consistently successful. These 10 essentials of Forex trading are planning to help you get into the top 10 percent and to you keep there. So here are the essentials steps for forex trading.

1. The majority of your time could be spent is between a 15 minute chart and a 1 hour chart only.

2. Don't overdo it. If you are new to Forex trading area then sole try and make a profit of out 20 pips at one time. Once you have done which turn it's time to study and plan for the next day for the next day.

3. Try not to studying to much on the 5 miniature chart it will distract you from your trading decisions.

4. Don't use MACD for buy and sell it causes meaningless trades.

5. Do all you can to protect your money by using 12-15 pip stops in your Forex trading. You will generally lose 3 out of 10 trades so it's sizeable to stay your losses to an absolute minimum always practice money management.

6. Consider employing trailing stops where you keep moving your Forex proceeds up to cover your losses and remember always practice first with your demo.

7. Keep an accurate and detailed log of all your good and bad trades this will make a better trading.

8. Your "gut feeling" can get you into a lot of financial trouble. Control your emotions while you are trading.

9. Everyone has different indicators what works for you might work for someone else.

10. If you're not set to take Forex trading serious and please then don't even start!

There are many essentials that present successful Forex traders to follow you need to study and practice and have patience and those who follow these essentials will be in the 10 percent of Forex traders who are winners in the currency market.

You can find more information and tips on Forex at http://www.squidoo.com/successfulwithforextrading - a popular lens that also provides an introduction, advice on Forex also other resources that can make you money in the forex market.

Forex Trading - Candlestick Charts For Price Prediction

By Nikola Belic

Candlestick charts are believed to be one of the oldest charts used to predict price movements. The origins of candlestick charts date from the beginnings of 18th century. It is believed that Japanese trader Munehisa Homma (a.k.a. Sakata), who became very successful and wealthy rice trader, had invented them.

Candlestick charts represent a method of technical analysis and are used primarily to describe price movements of equity over time. They give an overview of open, high, low, and close market prices and they are getting very popular in stock market as well as in forex trading, mostly because of their dynamic features.

Candlestick charts show the direction of a trend and strength of particular price movement (open, high, low, close) in some specific time period. Candlestick charts also provide earlier reversal signals and can be used with other technical indicators.

Candlestick charts use the same price data as bar charts and bear resemblance to candles with wicks on both sides. Candles represent opening and closing trades, while wicks (also known as shadows) illustrate highest and lowest traded prices of a currency (or stock). If the wick is longer, it means that the trading was extended beyond opening/closing price. Candlestick charts form various patterns over different time periods and these patterns can be used to predict certain trends.

If the candle is white, it is the signal of up trend movement and increasing of price. If the candle is longer, the increase of price is more significant. Black candle is the signal of down trend movement and decreasing of price. Again, the longer the candle, the decrease of price is more significant.

When the lower wick is longer than candle and upper wick, it is a signal of bullish market trend. Bullish trend reflects increasing confidence and optimism of the investors. When the upper wick is longer than the candle and lower wick, it is a signal of bearish market trend. Bearish trend respectively reflects decreasing confidence and pessimism of the investors.

Pattern of candles without wicks is called Marubozu and depending on the candle colour can be Marubozu white and Marubozu black. Marubozu white indicates dominant bullish trades where bullish trend is expected to continue, while Marubozu black indicates dominant bearish trades and where bearish trend is expected to continue.

One also significant pattern in candlestick charts is doji. It is neutral pattern and has meaning only in a combination with other candlestick patterns and usually points to trend reversals. Dragonfly doji looks like the letter T, while gravestone doji looks like inverted letter T.

Beside these patterns in candlestick charts there are many others like hammer, inverted hammer, spinning top white, spinning top black, hanging man, shaven head, shaven bottom, shooting star, as well as more complex patterns.

Candlestick charts may seem complicated at first, but they are very easy to comprehend and read. When you start using them, you will see how simple they are. They illustrate more information than other charts and can be even colorized for better definition. Using candlestick charts is a great decision making aid in forex market.

This article was written by Nikola Belic. To learn more about forex trading, visit http://www.forex-trading-secrets.net - This article may be republished and reprinted as long as the bylines are intact with all the links clickable.

Forex Education - These Character Traits Are Admired But If You Have Them in Forex You Will Lose!

By Kelly Price

Here I am going to outlines some character traits which are admired in society as a whole but in forex trading will ensure you lose. Most traders simply cannot adapt from the traits needed in everyday life to succeed, to the unique traits you need in forex. If you don't want to join the 95% of losers read on...

1. Consulting an Expert

If your computer breaks down or your car, you consult an expert. After all, you cant do everything - but in the forex market this leads to disaster. There are many experts and forex robot vendors, telling you to follow them but they will all see you lose.

The reason is forex trading stress comes from within and is based on knowledge, which gives confidence which leads to discipline. All successful traders know they are on their own and only they can give themselves success - but for the effort they have to put in the rewards can be life changing.

2. Trying to Be to Clever

You get many people who are clever and think because they are they deserve success but being clever wont help you, as forex trading is essentially simple and you don't need to be.

This is proven by the fact that despite all the advances in news, forecasting, the power of software and PC's the ratio of winners to losers remains the same as 50 years ago.

If you try and be too clever your trading system will have too many elements to break. Keep it simple, is a phrase which is very apt in forex trading.

3. Hard Work is What's Needed

This is absolute rubbish.

There is no correlation between hard work and success in forex trading.

Sure in normal life you may get paid by the hour and the more hours you work, the more money you make but not in forex trading.

In trading you are judged on how good your marketing timing is with your trading signal and that's it. It can take you all day or 10 minutes, it's the end result in terms of profit on which you are judged.

You can put together a robust simple system in about two weeks and then spend less than 30 minutes a day on your trading and enjoy success.

In forex trading its all about working smart in the right areas rather than hard.

4. Being to Sociable

Since man first walked the earth he has sought the safety of groups and this has helped him survive and prosper over the centuries. Most people like to agree with the majority and not be on their own, it's our nature.

Of course in forex trading the bulk of traders lose (95%) so you need to isolate yourself and be on your own. Most people can't do this and fall victim to their emotions and want to agree with the news and other traders.

Most successful traders don't care about being on their own, as they know if they want to make money it's the best place to be.

A Different Mindset for Success

When you start trading forex you need a completely different mindset than you do in normal life and people fail to get to grips with the 4 points made above - but to win you must understand there significance.

If you understand the above, you will know what's needed to succeed and can enjoy currency trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Essential Forex Education visit our website at: http://www.learncurrencytradingonline.com

Forex Robots - Why Don't They Work When They Produce Such Great Track Records?

By Kelly Price

Why don't forex robots deliver the gains they claim in there track records. If they did deliver what many claim everyone would be trading for a living and bank and investment management teams would use them instead of high priced dealers. Well the truth about the track records is...

They are not track records with real money at all and the overwhelming majority have NEVER even been traded.

So how do they get track records that make money?

Simple, they make them up and curve fit them.

All the vendors do, is get the past data (this means they know EXACTLY what happened) and then make the trading system rules fit the data so they can show a thumping profit.

This is referred to as curve fitting and is the reason the track records never repeat themselves again because the data sequences in forex never repeat the same way again.

If you don't believe me, check the track record disclaimer and you will see simulated in hindsight written all over it.

We will come to how you can make money in forex in a moment - but if you think about it, it's pretty obvious the track record cannot be real, because you wouldn't be able to buy them for a few hundred dollars, you would pay $500,000 or more.

Most people who buy these systems, fall victim to the idea that forex trading is easy and they can follow someone and win. They lose hands down and then wonder why they did - but all they had to do was think about it before hand but greed and fear get in the way.

There is no easy money in forex or in life.

You will not set yourself on the road to financial independence for the cost a few bears and a lunch.

There are forex robots that do make money but you will find they are a small minority and generally, they can turn in returns of around 50% on a 3 year holding period, which is up there with the best and if you don't think that's a lot - it is and with compound growth on your side you can soon build wealth.

You can buy a system but be aware the good ones cost a few thousand and even with the annual gains, you will sit on losing periods which can last for weeks or months.

You have to have your eye on the bigger picture when trading and losing is part of winning.

Another way of making money is to build your own forex trading strategy and this is far easier than many traders think it is.

If you build your own and get the right forex education, you can tailor your system to your own risk tolerance, so you will be confident in it (as you built it) and this will be translated into a disciplined approach to trading.

Currency trading can be very rewarding but always remember - there is no free lunch and you have to put in the effort to reap the rewards.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Best Currency Trading Systems visit our website at: http://www.learncurrencytradingonline.com.

Forex Trading Strategies - 3 Simple Ones That Work and Make Big Profits

By Kelly Price

Here we are going to look briefly at 3 forex trading strategies anyone can use quickly. There simple to understand easy to use have worked and will continue to work and that means big long term profits.

Let's look at these forex strategies and why they work...

Many traders make the mistake of thinking that the harder they work and the more complicated they make there trading strategy the more likely it is to work but there is no correlation between working hard and being complicated and forex trading success; you are simply judged on your market timing and the success of your trading signals.

A simple strategy will have fewer elements to break than a complicated one in the brutal world of forex trading and keeping it simple is always best.

Strategy 1 - Long Term Breakout Trading

FACT:

Most major trends start from new market highs or lows.

This is one of the simplest and most effective ways of trading, buying breakouts on the chart to new highs and selling new lows. Most traders cant do it, because they think they have missed a bit of the move and want to wait for the pullback but in strong moves, this never occurs and they are left watching the move pile up thousands of dollars and their not in.

If you focus on long term valid breakouts and time your entries with a couple of momentum indicators, you can make a lot of money. The key to this forex trading strategy is only to use levels that are considered important by the market.

They occur a few times a year per currency but lead to huge moves and huge profits.

Strategy 2 - The 4 Week Rule

This is one of the simplest most profitable, forex trading systems you will find and was devised by trading legend Richard Donchian. It will make sure you get in on EVERY major forex trend.

This system is totally mechanical (and based upon the breakout philosophy discussed above) and consists of just one rule:

Buy a new four week calendar high and sell a new 4 week calendar low and maintain a position in the market at all times.

That's it!

Simple? Yes, but it works - back test it and see.

You can also add filters to smooth the equity curve which are discussed in our other articles.

We have used this system as part of our forex trading strategy for over 20 years and many great traders have been fans, such as Richard Dennis so, if it's good enough for him, its good enough for you and me.

Strategy 3 - Trading Overbought Oversold

The two other strategies just discussed are long term now, we will look at a short term strategy for profit - forex swing trading.

Swing trading simply aims to take advantage of overbought oversold scenarios within the major trend and you can do this with simple trend lines. All prices get pushed to far up or down, due to greed and fear and you simply want to trade into these extended levels.

Once you have identified areas of support or resistance, check volatility with the Bollinger band and then use the ultimate timing tool - the stochastic to confirm the move.

You then should take your profit early and then look for the next one.

Swing trading is fun, requires very little discipline, as you don't have to hold moves for long and can be learned in a few days.

So there you have 3 simple forex trading strategies for profit which are simple but don't think they can't be profitable, they are and can lead you to long term currency trading success.

So make the above part of your essential forex education and get on the road to profits.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Best Forex Trading Strategies visit our website at: http://www.learncurrencytradingonline.com

Tutorial - Forex Moving Averages - Trading Forex With Indicators

By John Hurt

Trading forex with indicators is a little like joining dots and making money when a few lines cross.

Simple, straight forward and very transparent, forex moving averages are the most widely used and arguably the best, forex indicators. These popular indicators are used in conjunction with forex candlesticks to guage the direction of a current trend, be it up or down.

It you have a good idea of which way the market is going, you have a good chance of profits.

Forex moving averages are the perfect way to start your foreign currency trading career and winning pips. Currency trading strategy (note: not strategies) because it can be used as a stand alone trading system. With so many methods around it is easy to get lost in the crowd, lose focus and get distracted, the reason so many fail at foreign currency trading.

Get the basics right and the rest will follow. Find what works, duplicate the success then refine, repeat and grow.

Why Use Forex Moving Averages?
Forex moving averages fall into the 'technical analysis' banner, or forex charting. At school I asked a teacher if the exam was hard. He said "No it's easy...... If you know the answers." Once you've an idea of how a chart works it won't take long to familiarize yourself with a chart and know exactly what's going on.

The forex moving averages are plotted over a very simple forex candlestick chart and help you identify trends, the direction the market is likely to move so you can pick the most profitable entry and exit points. Trading forex with indicators is about picking the most likely trades to profit.

You earn your forex (fx) pips by knowing the best times to enter and exit, all determined by these very simple averages.

So what are Moving Averages?
The two most popular (or arguably best forex indicators) are the 'Simple Moving Average' and 'Exponential Moving Average'. Your forex charting software will work out the averages, understanding the key difference will help you in choosing the right indicator for your trading personality.

Simple Moving Averages (SMA):
Once you break the phrase down, you'll be kicking yourself at how easy it is to understand. Forex traders generally work with a favorite time period, from 1 hour to several days. Say you are working on an hourly basis and you want to plot an 8 point chart. You collect the last 8 closing points (ie. One fore each hour you have traded), add them together and divide by 8. That gives you the average. Some would call this the mean. Now the 'moving' part. This means that the average is calculated on a rolling basis. It's easier to explain with this example:

Yesterday: 1 2 3 4 5 6 7 8
Today : 2 3 4 5 6 7 8 9
Tomorrow : 3 4 5 6 7 8 9 10

Yesterdays SMA was an average of the price points 1 - 8. Today we have a new price point 9. We are working on an 8 point period so we calculate today's average using the prices 2 - 9 and lose 1. Tomorrow we have another point (10) so we have to lose point 2 is we are using an 8 period moving average.

A typical forex price chart can look very erratic and forex candlesticks can obscure the pattern further. The moving average gives a smoothed graph that is plotted on top of the forex chart, alongside the japanese candlesticks.

It is worth noting, you can use any time periods you like, for example a 5 hour or 200 day. The greater the period used, the greater the smoothing. There are advantages and disadvantages to this. Most traders will use a combination of forex moving averages before opening or closing a trade.

Since we are using historical data, it is worth noting that moving averages are 'lag indicators' and follow the actual period the greater the responsiveness of the graph and the close it is to the actual price line.

Exponential Moving Averages (EMA):
An exponential moving average is a variation of the simple moving average. A SMA gives each price point the same weighting. If you are working on an 8 period SMA it would assume that the 1st price and the 8th price were equally important.

Most Fx Traders give extra weight to recent prices, they are more concerned with the now. Using the same example above, the 8th price point would be more important than the 1st. By given it 'more weight' the Exponential Forex Moving Average line is more responsive to price changes. This means you can identify trading opportunities quicker and act faster. The downside is that you are subject o false alarms if you act too quickly.

Traders generally favour using the exponential moving averages to get their forex (fx) pips. Focused on getting pips, currency trading strategy will generally give greater importance (or weight) to recent prices. It is worth using both alongside each other to start with to find what works best for you (or perhaps a combination of both using different periods). Like the SMA, these are also lag indicators.

Trading with forex indicators can be quickly and easily picked up and put into action. With as little as 10 minutes per day you can check a price chart, plot your forex moving averages and decide if today is a profitable day to trade.

Remember it's not about how often you trade, it's about how profitable you trade. Click HERE to find on how you can profit with Forex Moving Averages Visit:: http://forexmovingaverages.blogspot.com for help and info on Moving Averages.

Forex is Superior to Equities

By Javid Shaik

I have been asked for mentoring many times now and most times the person asking is looking to learn how to trade but unsure what to trade on. Most people assume the stock market is the place to go for trading and as this is the most common form of trading it makes sense to pursue this path. However, even though it is the most common does not mean it is necessary the best option.

Some of the reasons why here at Dynamic Trader we believe the forex market is far superior to stocks and shares are listed below.

• Forex is open 24 hours and 5.5 days
• Trade forex from anywhere in the world
• The biggest and most liquid market in the world
• Good leverage on forex unlike stocks
• Minimal transaction fees
• Forex has a handful of major markets to choose from and subsequently one does not have to search 1000's of stocks to find a trading opportunity
• Forex trends very well

The above are just some of the advantages that forex has over stocks. That said, trading forex might seem attractive (which it is) but like anything in life you have to learn first and forex is no different. It takes time to learn to trade the FX markets and I have said to everyone I have mentored not expect overnight riches.

If you learn to trade forex the correct way then you will have a skill for the rest of your life and that dream you may have once had of not having to answer to a boss during the hours of 9-5 is certainly that much more real.

One of my first students who now is a good friend of mine use to catch turkeys for a living. Now both Barry and his wife enjoy a life free of employment and spend the days trading forex and taking long walks along the hills of Scotland.

You can read the Dynamic Trader daily forex analysis at http://www.fxcps.com Javid Shaik and Anne Chapman perform FREE daily trading analysis at http://www.fxcps.com

Candlestick Charting Getting Hot in Forex

By B.M. Davis

Forex trading is getting hot and there is no end to the online traders making their way over to forex trading in sight! Just as hot are the new methods of candlestick charting the forex market that until recently have remained a mystery, if not completely unknown to the forex trader. As a matter of fact, many seasoned forex traders say candlestick charting doesn't work while trading forex! Nothing could be farther from the truth. As a matter of fact, I believe that candlestick charting is the best method for the forex trader for a variety of reasons.

The forex markets are possibly the most volatile market one can trade in. On one hand, this is what appeals to the currency trader due to the frequent large quick moves. On the other hand, many traditional methods of technical analysis are left failing the new forex trader due to these same conditions. What the trader needs to concentrate on in any highly traded currency pair is the strength and psychology of the buyers and sellers. Candlestick charting fits this requirement perfectly. Analyzing a forex chart with candlesticks can quickly identify changes in both power and psychology between buyers and sellers and can immediately alert the forex trader of trading opportunities.

Many new traders in forex come from the world of stock trading and along with them come the indicators common in Western technical analysis. These indicators are quickly dispatched as useless in such a volatile market as currency trading. To make matters worse, those traders who bring their knowledge of candlestick charting as it pertains to the stock market are also quickly disappointed due to the difference in the technique as it applies to forex. Make no mistake; candlestick charting forex is different than any other market. Mostly because the forex market is open twenty-four hours a day and traditional candlestick patterns don't form as they do in a market that has a daily open and close. But that doesn't mean that candlesticks won't work with forex!

Candlesticks as they apply to forex are indeed different, especially in the daily chart. The patterns form differently but the meanings are the same. Candlestick reversal patterns are universal in their meaning and the payoff can be great! Especially in forex! Once the trader understands the psychological implications that candlestick patterns can convey, forex trading becomes much more simple.

B.M. Davis is an active trader and the publisher of The Forex Candlestick System. If you would like more information about candlestick charting the forex market visit http://www.forexcandlestickcourse.com

Dynamic Traders Pointers

By Anne Chapman

At Dynamic Trader we have mentored many people to success. Some students who approached us for mentoring decided to delve in to trading the financial markets to get themselves out of debt. Although their is a possibility debts can be paid off from trading, we strongly advise against this method of debt repayment.

The main reason behind this is psychology plays a massive part in trading and always having in your mind that the next trade you take has to make money in order to pay off the outstanding debt only enhances the possibility of that trade being a loss maker.

You see, in order to trade successfully on the markets you have to detach yourself and be very cold and mechanical. Using hope, greed or fear is a recipe for disaster and once in that cycle it is hard to come out of it.

That aside, below I have pointed out certain factors you should be aware of prior to entering the world of trading.

1. Get your finances in order before you start to trade.

2. Get a mentor - I can help here if you are interested in forex.

3. Invest in quality software - I can advise you on this.

4. Be prepared to take time to learn how to trade successfully.

5. Have realistic and challenging goals

The above are 5 simple points. Of course this is not all you need to know but you can read more about forex trading on my site fxcps.com

Good trading

Anne Chapman

Anne Chapman from Dynamic Trader has been trading for many years. To read more about Anne visit http://www.fxcps.com/sites/anne.html Anne Chapman's Dynamic Trader blog http://www.dynamictraderblog.com

Foreign Exchange Tips

By Aila Sanchez

In the Forex Market, there are six major currency pairs traded the most. These pairs account for 90 percent of the trading activity every day. These six are:

ท EUR/USD = Euro (EUR) vs US Dollar (USD)

ท JPY/USD = Japanese Yen (JPY) vs US Dollar (USD)

ท USD/CHF = US Dollar (USD) vs Swiss Franc (CHF)

ท AUD/USD = Australian Dollar (AUD) vs US Dollar (USD)

ท GBP/USD = British Pound (GBP) vs US Dollar (USD)

ท USD/CAD = US Dollar (USD) vs Canadian Dollar (CAD)

When you are reading the Forex quotes, you have to know the bid price or the highest buying price versus the ask price or the lowest selling price. If you look at a pair (e.g. GBP/USD), you'll notice that it is composed of two currencies. The currency located in the front of the pair (GBP/USD) is called the base currency, which always has a value of 1. The other currency (GBP/USD) is known as the secondary currency. If you see that the bid of the British Pound versus the US Dollar is trading at 1.1416, this simply means that you can buy one Pound for US$ 1.1416.

To understand how the Forex market works better, you need to know what a pip is. A pip (short for price interest point) is the smallest increment in trading value. A move from $1.1234 to $1.1254 is a 20-pip move upwards. So if the bid and ask prices move up, what does it mean? It simply indicates that the base currency (GBP/USD) is getting stronger while the secondary currency (GBP/USD) is getting weaker.

When trading the pairs, bear in mind that what we are "selling" and "buying" is the base currency. Assuming that you are buying the GBP/USD, this means that you are buying the pound, hoping it will rise, and selling the dollar, hoping it will fall. The same way that if you are selling the GBP/USD, you are selling the pound hoping it will fall and buying the dollar in turn, hoping it goes up.

You have to remember that anything that involves money is a risky business. You need to be aware that because you are hoping for great returns, there are also high risks involved. The Forex market is filled with countless opportunities and countless threats. Always weigh both the advantages and disadvantages before engaging in this type of trade. You need to be familiar with all the ins and outs of the Forex market before trading in it.

Want to read more of this article? You can read more tips on Foreign Exchange, plus other Online Banking Tips only at http://onlinebankpro.com/

7 Reasons to Trade the Forex Market

By Veronica Anglin

WHY YOU SHOULD DO FOREX MARKET TRADING

7 Reasons Why You Should Trade The Forex Market

1. No Commissions You don't have to worry..... Your broker takes their money by the difference in price between the bid price and the ask price for the currency that you are trading at the time.

2. 24 Hours A Day The markets only close from Friday night to Sunday night. That means that you can trade for 5 days, Mon-Fri. Due to the different universal time zones, you are able to trade forex anytime, day or night.

3. Instant Order This means that you can get into the market straight away. You can see your trade until you are ready to exit your trade. This makes a HUGE difference to making loads of money or none at all because you can see your actual trade taking place. You are placing your trade in a live market, which has incredible volume that occurs daily. The beauty of this is what you see is what you get.

4. No Unfair Influences The forex market cannot be influenced by any one person. It is based on the country's economic health and not opinion. You won't get this kind of information on the news or in the newspapers.

5. No Middlemen Forex traders can access the market directly without having to go through an intermediary. This means that you can enter the market and buy or sell directly in the decision that you make and only you are responsible for the outcome.

6. No Choice Overload There are thousands of stocks available. How would you know what to choose? With forex you have 4 Major Currencies, even though there are different pairs of currencies, mainly the 4 Majors are what most people trade. They consist of GBP, EUR, CHF, and JPY. These are the biggest movers in this industry. This allows you to make a decision more quickly and to enter the market and trade the currency of your choice more easily.

7. Unlimited Risks In the forex market, traders must enable margin limits to minimize your risk. This means that you cannot lose money that you have already got in your trading account. So the most you can possibly lose is what you have in the markets.

Remember....

Only put money into your forex account that you are prepared to lose and NOT what you need to live on or pay bills.

The Credit Crunch is here. We are all looking for a way to save money, increase our income by looking to find part time work that will fit in with our circumstances. Veronica Anglin is the founder of Easy Forex Teacher. The website is for newbies and people who know very little about the Forex market and are looking for a way to increase their income in a simple, easy and fun way. Easy Forex Teacher is one of the ways that you can increase your income without changing your current situation and with only a few minutes of your time where you could make a substantial difference to your income. Easy Forex Teacher will guide you through a step by step process in being profitable in the Forex markets. You will be able to see the difference instantly in your finances and you will be able to live the life you truly deserve. If you are interested in learning Forex the simplest way which is also fun and enjoyable with our strategy, check out: http://www.easyforexteacher.com for more info.

Learn Currency Trading - 3 Essential Character Traits You Need to Win

By Monica Hendrix

Enclosed you will find 3 character traits that come together which will give you forex trading success. If you want to win and learn currency trading the right way, you need to have them so lets see what they are...

1. A Willingness to Take Responsibility

Think someone else can make you rich?

If you believe this then you are going to lose because only you can make yourself money and this comes from doing your homework.

Forget all the people selling simulated back tested track records with their robots and full proof systems and get down to doing your homework.

You need to learn forex trading yourself so you can acquire the next key trait.

2. Confidence

If you want to win you need to have confidence in what you are doing and that comes from getting the right education and you need confidence to overcome your emotions when you start to hit a losing period ( all traders have them and they last for weeks or months) so you need to keep executing your trading signals when these periods occur and stay on course and if you have confidence you will likely have the next trait.

3. Discipline

Most traders have heard the word but don't understand how important it is and lack it.

They can't follow their system, chop and change it and engage in behaviour that soon sees them wiped out.

Discipline sounds easy to achieve but is hard, as you have to battle against your gut instinct and carry on trading when the market takes your money and makes you look a fool! This is tough, even for seasoned veterans, let alone novices.

FACT:

The Markets Don't Defeat the Trader he Defeats Himself

It's a fact anyone can learn to trade and this was proved in a famous experiment, when Richard Dennis taught a diverse group of people with no experience, to trade in just 14 days and they went on to make hundreds of millions of dollars!

Dennis taught them a system but more importantly the confidence in it to trade it with discipline and this story of the turtles is one any trader should read.

The market takes money off 95% of traders yet, a savvy 5% pile up big gains year after year.

They many not be the cleverest or have the most complex trading systems - but they do understand the key is - trading a logical method, with discipline. If you understand the link between the two, then you can enjoy forex trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info and more on Best Forex Education visit our website at: http://www.learncurrencytradingonline.com

Forex Robots - Why Most Are a Simple Route to Equity Wipe Out

By Monica Hendrix

Forex robots seem like a great way to make money in the markets, there cheap, promise gains better than any fund manager I know and you need very little time and effort to use them. That's the story the reality is rather different and means a quick equity wipe out.

The problem with most forex robots is they haven't actually done what they claim in around 95% of cases and that's a track record of making money over the longer term. The track records are actually simulated and done knowing what happened.

The system is then devised with this information to hand - but in real life you don't get the benefit of knowing the price history in advance.

Most traders if they thought about it would realize this - but they don't see the disclaimer which warns them or, their simply to greedy to notice.

Common sense tells you that if you take some data history and bend the rules to fit, you have a problem in real life. The data sequence will never repeat in the same way again and of course the rules cannot bent in real life.

If they did work then consider this:

- The vendor would not need to sell it as he would be making so much money or not for a few hundred dollars

- Everyone would give up working 9 - 5 and start trading instead

- Investment houses would swap dealers on five figure salaries for software that costs far less

- 95% of traders wouldn't be losing!

The list can go on but you get the picture.

There are some good forex robots and they will make around 30 - 50% per annum and cost a few thousand dollars upwards but their not perfect and you have to trade them with a view to the longer term, as most will have weeks or months of drawdown.

The problem in our quick fix society is lots of people want to make money with no effort ( we all do!) but that's not real life and really, if you want to make money in forex find one of the minority of systems which has a real track record or why not get the right forex education and trade yourself?

You can learn forex trading in a few weeks and soon be trading and making good profits in less than 30 minutes a day. If you put in the effort you will be well rewarded and leave the forex robots with there simulated track records to the dreamers.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info and more on Forex Education visit our website at: http://www.learncurrencytradingonline.com.

Forex Education - Why You Need More Than a Good System to Win

By Monica Hendrix

While you need a sound robust system to win many traders think that's all they need and there is another element in the equation you have to have to enjoy forex trading success and here we will look at it in greater detail...

Here is a simple equation for forex market success

Robust Logical System + Discipline = Forex Success

Simple? Yes it is but most traders even though they think they have it don't have discipline and cannot execute their system through losing periods. Now don't be deceived by the people who tell you that you can trade with none or little drawdown - its fantasy.

Fact:

As a forex trader you will face losing periods of weeks and probably months. Even the best traders do so unless your one of the elite traders you are going to have to trade with discipline through these periods.

In forex trading you can win but don't expect short losing periods its not real life and you must trade through them until you hit a home run

Discipline is built on This Key Trait

Discipline comes from self knowledge and confidence in what you are doing. Traders who follow other peoples systems or don't have the right education will never have discipline.

What you need to keep in mind is if you don't have the discipline to follow your trading system - you don't have one!

If you want to win you need to look longer term and accept losing periods and keep your eye on the longer term prize. Most traders can't do this but if you learn currency trading the right way and obtain confidence in what you are doing discipline and currency trading success will follow.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info and more on Best Forex Education visit our website at: http://www.learncurrencytradingonline.com.

Best Forex Trading Indicators - 4 of the Best Indicators For Bigger Profits

By Monica Hendrix

Many traders use numerous indicators - but over the last 22 years I have four favourites and I will share with you here and they have worked for me and they will work for you. Let's look at them...

Today, good old bar charts have gone out of fashion but I think their essential and use them in conjunction with the indicators below. I don't use candlestick charts, there is a big myth there better but there not. If you like using them, then do so but the relationship between the daily range open and close is obvious.

Here are the four indicators and you can read more about them in our other articles. There available on most free chart services and will take you around 30 minutes each to learn and then, your all set to start using them on your forex chart and start making bigger profits.

1. The Stochastic

For me this is the ultimate timing tool.

Trading stochastic crossovers with bullish or bearish divergence, into chart resistance or support, from overbought or oversold levels, is simply the best market timing tool. If the stochastic crosses from chart highs or lows the signal is even more powerful.

2. Relative Strength Index

This gives you the strength of the trend and when RSI weakens or strengthens, when the trend is still up or down, especially from over bought or oversold levels, you have advance warning of a contrary move.

When combined with the stochastic, you have a great combo for better market timing.

3. The Bollinger Band

Gives you the volatility of price and you simply need to understand it to make money at forex trading.

I love using pops to the outer band, near chart support and resistance, to look to take profit or, initiate a contrary trend. Also in a strong trending market, dips back to the centre band ( the moving average) are great value areas to look to add extra positions in a strong existing trend.

You don't time with them - you look for areas in line with support and resistance to trade into.

4. Moving Averages

Simple moving averages are great and I have just mentioned the mid band of the Bollinger band, which is in fact a simple moving average, to buy and sell back to in existing trends.

In strong trends dips to the 18 - 25 day moving average are a great place to load in new trades.

Another excellent time period is the 40 day moving average which acts as the last line in a strong trend with nearby support or resistance. In strong trending moves we like to trail our stop behind this level and it keeps us in the long term trends.

When trading with the above and support and resistance lines you will get market timing for your trading signals.

There are some other useful technical indicators and we like the ADX line and the MACD too - but the above are the four we use all the time. If you spend 30 minutes on each one you will soon have four powerful indicators that you can use in your own forex trading strategy, to seek currency trading success with.

Check them out, they're simple, powerful and can work for you too with a little practice.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info and more on Best Forex Trading Indicators visit our website at: http://www.learncurrencytradingonline.com.

Trading Forex - Best Currencies to Trade

By Mike Kulej

The explosion of over the counter Forex trading led to increased competition on part of brokers. Over last few years trade execution has become much better, spreads went down and trading platforms have seen dramatic improvement in performance and functionality. Another area of brokers services that witnessed huge changes is the number of currency pairs available for trading.

As recently as 5 years years ago there were platform offering only 4 major pairs for trading, all of them US dollar denominated - EUR/USD, USD/JPY, GBP/USD and USD/CHF. Not much choice there. Vast majority of brokers would provide 8 to 12 currency pairs. That was the staple. Only very select group could boast availability of 20 or more crosses.

Those times seem like ancient history. These days broker which offers 20 or so currencies is, well, services deficient. New norm seems to be availability of 50 + pairs on a trading platform, while few leaders provide over 70 or even close to 1000 currency based financial products. If swaps and options are included, this number can easily breach 300. Quite a difference over just few short years.

Does it mean that all these instruments are suitable for an average trader? The answer is resounding "NO". Some currency pairs are better than others, especially for beginning and less experienced traders. Some should be all out avoided or left for true professionals. That said, which are the best currency pairs to trade?

Trading instrument, should be liquid, have low cost of trading and have enough volatility to present profit opportunities as often as possible. Volatility, of course, is a double edged sword and can be detrimental, as well as desirable. Most of USD and, these days, EUR crosses fit into this mold.

Beginners should generally concentrate on the old stand byes, the 4 majors. EUR/USD and USD/CHF should the the first to consider. Both are very liquid, have low spreads (minimal trading costs) and move quite a bit. Incidentally, under current market conditions, USD/CHF is less volatile, and probably better for new comers, while still providing very good opportunities.

If you prefer fasting moving currency, GBP/USD is for you. The "cable" can move with surprising speed, but that works both ways- losses can be just as swift. Last one of the 4 majors is USD/JPY. Despite its much vaunted status, it is also a currency most susceptible to political influence. That can lead to more unpredictable behavior than the before mention pairs, but it has extremely low spreads and huge volume.

At present some of EUR denominated pairs are just as liquid as USD crosses. Most notable are EUR/CHF, EUR/JPY and GBP/USD. All of them are among the very best currencies to trade. EUR/CHF, for example, is far from being the boring instrument of years past. Daily trading ranges are very similar to USD/CHF, spread is the same and , by some accounts, volume is even higher.

Rounding up the best currencies to trade is AUD/USD. This pair has also experienced tightening spread, increased volume and widening daily trading range. On the contrary, the remaining dollars, USD/CAD and NZD/USD, should probably be left alone by less experienced traders. One of their less desirable characteristic is significant luck of liquidity pool at certain times of the day.

While it is good to have wide range of choices when it comes to trading options, it is not necessary, or even possible, to master all of them. There is nothing wrong with trading only the most popular currencies. They are most accessible and most information is available about them. Some of the best traders around specialize in only or two of these pairs. So can you.

Mike P. Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on http://www.spectrumforex.com Spectrum Forex LLC offers numerous services to individual traders. You can also follow his trading blog at http://www.fxmadness.com With questions and comments e-mail him at kulej@spectrumforex.com

Forex Trading Tips From the World's Best Traders For Less Than $100

By Kelly Price

Many forex traders look for advice from mentors or gurus who have done nothing or sell worthless forex robots all with simulated track records when they could pick up advice from some of the worlds best traders for $100 or less!. So who are these millionaire traders?

Well you will find plenty of them at your local online currency trading bookstore and here I have selected 3 trading books which every trader should read. Here you are getting advice for traders who have walked the walk rather simply talk the talk.

1. Trader Vic - Methods of a Wall Street Master (Victor Sperandeo)

Victor Sperandeo is one of those traders who piles up consistent gains year after year and he did it for decades. Here he shares his knowledge on everything to do with trading - from psychology, to trend following correctly, to money management.

He isn't a forex trader but the insight he gives in to how to use technical analysis is simply superb.

His 2B method is worth the price of the book on its own and his rules for drawing trend lines is something any novice trader should take note of and he also looks in depth at Dow theory a method all traders should know about and I laughed out loud at the secret of the Gamboni and its so true yet, most novice traders fall into it.

2. The Way of the Turtle - (Curtis Faith)

While visiting a turtle farm trader Richard Dennis had a bet with trading partner Bill Eckhardt that good traders didn't have to be born - they could be taught. To settle the bet, they recruited a group of individuals from all walks of life, trained them for two weeks then gave them accounts and they earned over than $100 million in less than four years.

Here the top turtle Curtis Faith goes through the experiment and explains why the Turtle method works in today's markets and how to apply it. He also shares his insight on taking risk, relying on yourself and learning from your trading mistakes. OK You may not be as successful but it's an inspiring read and one any trader can learn from - You don't need to be clever to win and anyone has the opportunity.

3. Market Wizards (Jack Schwager)

One of the top selling investment books of all time and an essential book.

Schwager interviews 17 trading legends including Richard Dennis, Paul Tudor Jones, Ed Seykota, Marty Schwartz, Tom Baldwin and others. These guys are simply the best and Schwager has an interview technique that gets the best out of all of them.

If you can't learn from these guys you can't learn from anyone. Get it read and re read it, I have read this book maybe 20 times and always find something new, its just one of those books.

So if you want to learn from real pros pick up the above books, there the cost of a night out and will pay for them many times over and remember you're learning from guts above who have made collectively billions and that's a lot of money and a lot of experience which you can learn from too.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on the best Currency Trading Books visit our website at: http://www.learncurrencytradingonline.com.

Forex Money Management - Making These Simple Changes Can Lead You to Triple Digit Gains!

By Kelly Price

Forex money management is the key to making bigger profits yet most traders have no idea how to do it correctly and more traders lose due to poor money management than any other reason. Here we will look at how to do it properly...

Utilize these points as the basis of your money management and you will have better risk to reward and better profits.

1. Risk Meaningful Amounts

Many traders want to take so little risk in forex trading they put their stops so close their bound to get stopped out by normal volatility. Understand this - forex trading is risky, you have to take risks and a stop to close, simply guarantees a wipe out.

This is why day traders and scalpers always lose, because their stop is in the way of random volatility.

There is of course a balance but most traders have their stop to close and you need to take a bigger risk when market conditions dictate which we will come back to in a moment.

2. Do Not Over Leverage

If you are going to take more risk per trade, then you need to de leverage.

Forget about 200 - 400:1 that most brokers offer you, this is madness for small accounts under $1,000, use 10:1 and build up as your account grows.

Over leverage simply means account wipe out.

3. Remember the 80 - 20 Rule

The 80 - 20 rule is used a lot in business and postulates that 80% of your profits come from 20% of your clients.

This rule can be applied in many areas of life and in forex trading its very applicable and means - cut you're trading frequency back!

Many traders think the more they trade, the more they will make but the reverse is true. All they do is end up taking trades that are not good risk rewards and lose.

Wait for the really highs odds trades and hit them. I know traders who trade around a dozen times a year yet, make triple digit gains.

Trading less can mean making more for most traders so cut back and only hit high odds trades.

4. Risk More Per Trade

If you are trading high odds set ups then you can risk more on them and make the gain worthwhile. Many so called experts tell you should risk only 2% per trade but consider on a small 1,000 account that's $20.00 - well if you risk that your stop is so close normal volatility will get you. Look to risk 10% or even 20, on the high odds trades and have the courage of your conviction.

5. Don't Diversify

This is ok if you're trading a large account of $50 - 100k - but for small potato investors to diversify for the sake of it, doesn't reduce risk at all but simply dilutes profits.

Focus on one trade only and don't dilute its potential.

6. Take Profits Early or Partial Profits

On surges in price from fair value in many instances it's a good idea to bank a profit as a currency becomes over bought or oversold and then wait for the next re entry - the problem with this is if it's a big trending move you can end up out the market and watching the trade pile up bigger profits and your not in on the action.

There is a simple way around this bank 50% on the surge and then look to put it back in on a retracement back against you. If the moves carries on your still in.

I have found the above smooths the equity curve and it helps traders remain focused and disciplined.

When you trade a forex position you are immediately at risk and how you control the risk, will determine how good your profits are going to be.

The above tips are designed to hit high odds trades then, take calculated risks when the time is right and at the same time protect your core equity.

Money management should be a key area of your forex education, so learn how to do it correctly and you could soon be on the road to forex trading success and triple digit gains.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Forex Money Management visit our website at: http://www.learncurrencytradingonline.com.

Forex Education - Why Buying Low, Selling High is Not the Best Strategy For Profits

By Kelly Price

How often do I see vendors telling you that you can pick market tops and bottoms in forex trading? All the time and they tell you that you can do it with accuracy - but its rubbish - you can't. If you want to make money there is a better way than trying to predict and that is the subject of this article...

When I was a broker, there was a saying I learned, can't remember who said it but it's very apt:

"A bottom picker will become a cotton picker"

It's true - if you try and predict market tops and bottoms, you will get hammered and lose your equity.

I know there are lots pf people telling you that you can predict markets in advance but you can't.

There is no scientific theory of market movement as many claim and this is obvious, due to the fact that - if there were, we would all know the price in advance and there would be no market.

Prediction is another word for hoping and guessing and that won't get you far in life and certainly not in forex trading.

So how should you trade?

In forex you should always wait for a high to be confirmed before trading the short side and the reverse when looking for a market to rise. For this you need to look at shifts in price momentum and use momentum oscillators. If you don't know what they are its time to make them part of your essential forex education!

We have covered them in our other articles - but a great one to use is the stochastic; it's visual and will take you about 15 minutes to learn, so check it out.

Sure you miss the exact top or bottom but as you can't predict that anyway that's no problem.

Your aim is to make money and not look for pinpoint market accuracy with your trading signals. Keep in mind; if you caught 70% of every major trend you would be very rich.

The real way to catch the best trends is to keep this in mind:

Buy high and sell higher.

It's a fact that most big trends start from new market highs and by buying these breakouts, you have the odds on your side and can make the best profits.

Most traders hate doing this, because they think they have missed a bit of the move and don't enter, they wait for the pullback but the trade carries on, piles up thousands in profit and there left out - don't make the same mistake, when a high odds breakout occurs go with it.

Buying breakouts is one of the simplest and best ways to make profits in forex trading and will put you on the right side of every major trending move.

As you can gather from the above, pinpoint accuracy and prediction doesn't work in forex however, that doesn't mean you can't get the odds on your side and make a lot of money, you can and enjoy forex trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential info on Essential Forex Education visit our website at: http://www.learncurrencytradingonline.com.

Forex Margin Trading Tips

By Christopher West

Forex margin trading are essentially borrowing money from the broker to increase the amount you can invest in a currency. It is like using the brokers money to increase the overall profit margins on a trade. Forex margin trading allows you to buy and sell different currencies against other currencies and earn unlimited amounts even if you started from several thousands lats. In case of negative circumstances your risk equals only to invested amount.

Investors interested in trading in the forex markets must first sign up with either a regular broker or an online forex discount broker . Once an investor finds a proper broker, a margin account must be set up. Investors also create their own forex charts to evaluate their own performance. Creating a forex strategy for oneself is the goal of many investors. Investors are the real players in forex trading. Forex market welcomes the investors of all income size and any background.

Currencies are always traded in pairs in the forex. The pairs have a unique notation that expresses what currencies are being traded. Currencies are always quoted in pairs. The first from the left appears in the pair is the base currency which we have for example GPD.

Investing money is what you should be looking to do. Investing money in forex broker advice is going to help you build your nest egg, build your wealth and it only takes a few minutes of your times. Investment in the margin also needs to take into account how stable the currency is. If the online forex trading currency is dynamic and has a high rate of fluctuations, a smaller leverage is recommended.

Currency trading scams often attract customers through advertisements in local newspapers, radio promotions or attractive Internet sites. These advertisements may tout high-return, low-risk investment opportunities in foreign currency trading, or even highly-paid currency-trading employment opportunities. Currencies change on a regular basis and are based on the how the world financial markets see the value of the currencies. You can sell or buy these currencies and forex brokers do not charge commission fees.

Christopher West has been a internet marketer for 3 years. He hopes everyone enjoys his articles. Thanks. "Did you find this article on Forex Margin Trading Tips useful? You can learn alot more about Forex Margin Trading Tips check it out here." http://www.learningforextradingsecrets.blogspot.com/

Forex Trading Mentors

By Maceo Jour Dan

If you are confused about anything that I said; if it seemed like I was going a million miles an hour and I was talking in Greek to you and none of that made sense, realize this; you can learn this stuff very, very fast. I don't care if you are six, sixteen, sixty or ninety-four. I don't care how old you are. In a very short amount of time; literally in five days, you can get all of the basics that I just went through into your mind. Then you can log onto the website which literally takes thirty-two seconds. You can get on, watch the video and then see my game plan where I distill all of that analysis down into very easy to digest four minute video and use it for yourself.

You don't have to go through ten or fifteen years or trying to learn this stuff. I am going to part with this and I have gone over five minutes. The reason why I believe and listen; this is after coaching traders for ten years, after talking to traders for ten years; I have personal trading mentors who have been in the business for twenty-five, thirty years; the number one reason why I believe it takes people sometimes years and years and years to learn a skill like trading is because number one; they don't have a coach or mentor. That is the reason why I insisted on being able to have one on one contact with every one of my members. You need to have a mentor. You need to have a coach.

In most cases, these guys have a mentor for a very short amount of time and virtually in all of those cases, their mentor was not trained to be a mentor. I was groomed practically for this by the United States military. We were trained how to train. We were trained how to present information, how to get it across very quickly and how to make sure that you remember it. So that's a big thing.

The other reason why is because the information was not presented in a format that was easy to understand and that truly is a visual and auditory combination. You have got to see it and you have got to hear it. Most people don't learn exclusively by reading but that's how most of us are taught. We are taught by reading or hearing it aloud. You have got to see it done. You have got to see the application of it before you can learn it. Finally, we have especially in our education system, an absolute crush to learn things very quickly. Think about it.

Mac X is recognized as a forex expert trainer, forex trader and author of three best-selling forex trading books and Home Study Courses including "How To Get Filthy Stinking Rich Trading The Forex" book and Home Study, "How To Trade The Harmonics of The Foreign Exchange Markets". Mac X has trained over 1,300 students in large forex seminars, one-on-one and small groups. Read Mac's Forex Blog for more Forex Trading information at TheInsiderCode.com.

Who Trades on the Forex Market

By Justin Boyce

The market of forex is all about the trade between the nations, the currencies of these countries and the synchronization of the investment in defined currencies. The market of FX trades between the counties, usually accomplished a broker or a finance company. Many people are implied in the trade forex, which is similar to the trade of stockmarket, but the trade of FX is accomplished on a total scale much larger. Most of the trade takes place between the governments, banks, brokers and a little of the trade place in arrangements with the detail will have where the average person implied in the trade is known as a "watcher". The financial market and the financial conditions make the trade of the market of forex go in top and bottom daily. Million is traded daily between several of the biggest countries and this as well will include a certain quantity of trade in smaller countries.

Studies during the years, the majority of the exchanges of the market of forex are made between the depositories and this is called interbank. The banks compose approximately 50 percent of the trade on the market of forex. Thus, if the banks extensively employ this method to earn money for shareholders and their own improvement of the businesses, you know that the money has to be there for the minor investor, the mangers of funds to be used to increase the interest rate paid with the accounts. The banks trade the money newspaper to increase the amount of money which they are held. During the night a bank will invest million on markets of forex, and then the next day earn this money obtainable for the public in theirs saves, accounts - currents and etc.

The commercial companies also more often trade on the markets of forex. Profitable companies such as the bank of Deutsche, Citigroup, the UBS, and others such as JP Morgan Chase, Merrill Lynch, HSBC, Barclays, and a number of others such as Morgan Stanley, ABN Amro, Goldman Sachs, and others participate in trade actively on the markets of forex to increase the richness of the current supports. Many less important companies cannot be implied on the markets of forex as intensively as some huge companies are but the alternatives are still there.

The central depositories are the banks which hold of the international roles on the exterior markets. The supply money, the accessibility of the money, and interest tariffs are ordered by the central banks. The central banks engage in recreation of a great part in the trade of forex, and are located at New York, Tokyo and London. They are not the only central places for forex trading but those among are implied the largest in this strategy of the market. Sometimes the commercial banks, shareholders and the central banks will have great losses, and that alternatively will be passed to the investors above. Other times, the shareholders and the banks will have enormous profits.

Justin Boyce is a widely known online marketer one of his passions is Forex trading. Financial investments is an easy way to make money grow and the returns are quick if you use a proven forex trading system. Visit Justin Boyce's site to learn more and start growing your money now.

Forex Online - Become an Expert Trader

By John Callingham

Forex online is booming, some people are now making over 6 figures a year forex trading online. Forex trading is extremely addicting and challenging, and at the same time exciting and rewarding if you work hard at it. To be a successful forex trader you need to really know the business inside and out. That is one of the forex option to success. You need to go out and buy a great forex ebook and begin learning the forex system.

Start out with some forex seminars, forex demos, and forex training courses. Almost all forex online sites offer a chance to create an account for free and begin trading for play money as if it was real money to get a feeling of how the forex global trading market works. You can get a quick idea on how fast you will succeed or see what you need to work on right away to be successful. This definitely is the best forex tool that will lead you to your success.

As with any forex investment, it is risky but the reward is so incredible that you cannot pass up an opportunity not to invest in this market. Unlike the stock market, no one can predict the direction certain forex currencies will go. It is all based on real world events which influence the forex currency market. After you get enough training you can begin investing real money into the forex market. I would suggest starting out at something around $25.00. $25.00 can get you a long long way, in a month or two that $25.00 may turn into a few thousand dollars if you play your cards right and learn the system inside and out. The great thing about the forex system is that you do not need no fancy broker forex and shed hundreds of dollars on a system. All you need is a forex ebook and a understanding and know how of how the forex trading market works.

The basic fundamentals of the forex trade market is that you buy currency for low, and sell it for a much much higher price. You never want to hold forex currency for to long after you buy it. The forex market is constantly changing and you need to stay on your toes. You need to use the basic fundamentals and the training you have gained over time to constantly make a stable income in the forex market. Staying on your toes and being aware of whats going on in the forex news will get you a long way in this market. The best part of all about the forex market is that you can trade on it 24 hours, 5 days a week. It fits your schedule perfectly so there is no excuse being able not to trade on this market. Watch for forex signals, as they are constantly changing and pay attention to the market as a whole. Trust your instinct and discover all forex secrets to trading as you can. Good luck!

Forex Simple Trading is an award winning Forex course that teaches forex strategies and how to correctly trade forex online. Learn more about John's course for FREE at ForexReviewInsider.com

Forex Trading Price Action Support and Resistance

By John Callingham

When you study Forex trading you need to take advantage of all the forex online courses, forex systems, forex loan online trading, currency forex online trading, and any online free training course for that matter. The more experience and knowledge you gain in this highly liquefiable and profit driven market, the better chance you have to succeed. The first thing you need to do when coming to the forex market is participate in a "mock scenario" with real life examples on how to trade in this market.

These real life examples let you experience first hand what it is like trading and earning money with currency trading. If you can start making a lot of money right away with "play money" you might want to consider investing some real money into this market. I highly do not recommend doing this until you are 100% comfortable and have a complete understanding of this market. It is the best feeling in the world though once you see your "play money" account rising and rising and when you jump into real money it does the same thing.

Let me give you a quick background on forex trading in case you have not heard of it before. The forex trading market has been around for decades. The only competition in this market decades ago was multi-national corporations and large financial institutions. These industries were making an absolute killing off this market. The times have quickly changed. It is now the consumer's turn or the single investors turn to become rich. Your account forex managed by a single individual will no doubt give you the greatest opportunity of succeeding.

Until recently, the forex market had a lot of scammers in it. These scammers pried on the uneducated people that liked to jump into this market with no background. In today's world and society even though this industry is not quite regulated there have been numerous amounts of preventative measures taken to prevent this type of fraud. You really need to be cautious signing up with a brokerage firm if you decide to go this route, I recommend not doing this you are completely capable of making a lot of money in this industry on your own. People get this confused with forex stock trading. This has nothing to do with the stock market at all. The only relations forex trading has to the stock market is that they are both investing wheels.

A major difference between the stock market and the forex market is that one is that unlike the stock market the forex market is open 24 hours a day! In the forex market also your money is never tied up and 100% liquidated. You can sell your currency at any point in time and convert it to real money at any point in time. You do not have to pay outrageous penalties.

The biggest factor into learning how to succeed in this market is to educate yourself. You should seek as much free or paid for education as possible and look for as many systems as you can and try to find out a forex trading system that works for you.

John Callingham has been teaching traders all over the world about online forex trading. His award winning course shows how to take advantage of the best forex trading prices in the industry. Learn more about John's course for FREE at ForexReviewInsider.com