Online Forex Trading Can Make $7,000 Plus Weekly

By Richard Tyrell

The Online Forex Trading market is the biggest in the world with over three trillion dollars a day in volume. This is huge by any standards and there are indeed rich pickings to be had. Many of today's millionaires made their money in this market. And so can you. I don't think you can make a lot of money in a short time but you sure can make consistent money. I do. It takes time and patience and you need to have an intelligent planned approach to profit.

Quite a lot of the money made in online forex trading is made by trading pairs of currencies. This is a new idea for most people because they just want to trade a currency, rather than a pair of them. The profit you make is the relative change in difference between the two currencies. Such pairs might be the U.S. dollar and the Euro or the U.S. Dollar and the U.K. pound. Others might include the Yen and the U.S. Dollar or the U.K. Pound and the Euro.

Using Forex Trading Software is the recommended way to trade in this volatile market. You are limited by your intelligence and the speed at which it can process everything. Computers are designed to do all the tedious analysis and math at lightning speeds.

That is not to say that you don't use your intelligence. Use both your intelligence and the software and you will find many profitable trades.

But be warned. In order to be successful you need the following
• a good strategy
• the best trading platform around
• elementary training
• support from your trading platform
• dedication and diligence
• perseverance

Start with the trading platform where you will be given plenty of advice, training and support and you will be well on your way to making $1000 a day plus.

Don't miss this golden opportunity. Click http://www.forexaut.info now to get on the road to success. Richard Tyrell is a full time Forex trader who makes in excess of $7,000 per week. See http://www.forexaut.info for more.

Forex Trader Education For Advanced Traders

By Richard Tyrell

Forex Trader Education for Advanced Traders might include a chapter for those who may not be entirely convinced of the integrity of the trading models being supplied by the automated robotic type systems.

The constant flux of the currency markets is a stochastic process i.e. its behaviour is non predictable insofar as its state at any one time does not fully determine its next state. In other words the market will not rise or fall because of itself. It takes outside momentum to move the market. For example if an earth quake were to happen in California without warning, people around the globe might start selling dollars as fast as they could for fear of an economic collapse or a partial collapse in the U.S. This would provide a great opportunity to some traders to make substantial amounts of money.

At that point in time, as the U.S. dollar falls, an automated system will not act to take full advantage of the failure and may in fact negate trading by its use of out of date parameters. From a positive point of view the stop loss function may well save traders many thousands of dollars as the currency begins to fall in value.

Fluctuations will vary from very small fluctuations to extremely large fluctuations in a currency sense. There could well be swing of several cents or a swing of tenths of a cent from hour to hour. These fluctuations are brought about by breaking news stories mainly.

Some of the more sophisticated traders swear by what is known as price action i.e. what happens to the market as it fluctuates. Those traders may not be aware that an earthquake has occurred in California but they see that the price of the dollar has begun to move downward and they get on the bandwagon. This price action approach is used by traders in many markets - the stock markets, the bonds markets, the commodities markets and the stock market derivatives markets.
However I would strongly recommend that anyone who is thinking seriously about taking up trading move in the following sequence

• Buy a good trading software programme as I did when I bought the one recommended below
• Learn the basics and thereafter learn in depth everything you can about the business
• Trade with paper money for at least two weeks so that you can come to grips with the subtle nuances of the system
• Trade small first and only move upwards when your confidence and skills improve.

Click on the link to buy the best trading software around http://www.forexaut.info Richard Tyrell is a full time Forex trader who makes in excess of $7,000 per week. See http://www.forexaut.info for more.

Forex Day Trading and Forex Swing Trading - What is the Difference?

By Rahul G

When Forex Trading is talked about, there are two kind of trading styles that are very commonly used - Forex Day Trading and Forex Swing Trading

Both styles are very widely used. Apart from being used on different time frames, there are some big differences in both of these trading mechanisms. Lets go through some of them -

1. Profit Potential Pips per Forex Trade -

Since Day Trading is carried out on lower time frames (5 min chart, 15 min chart or 30 min chart etc), the amount of pips that can be made per trade are typically not as high as the swing trades that are carried out on bigger time frames (1 hr chart, 4 hr forex chart , 8 hr chart etc.)

2. Risk Per trade -

Similar to Pips potential, since the Day trading is on lower time frame, the amount of pips risked per trade is also very less as compared to Swing Trade.

3. Duration of Trades -

A typical Forex Day Trade lasts anywhere between 30 min. to 4 hrs depending on the Time frame of a trade. So, a trade on 5 min chart will last for lower time as compared to one on 15 min. chart

Where as a swing trade lasts from anywhere between 4 hrs to a day and infact some last for few days.

Since the day trades don't hast for more than few hours, the amount of concentration needed for day trading is much higher than swing trading. If you are just 15 min late in identifying a trade, you may miss the entire trade.

4. Application of Technical Analysis - Both Forex Day Trading and Swing Trading are typically carried out using Technical Analysis. However the higher the time frame, the more accurate the technical analysis becomes. Due to this, technical analysis is more accurate in Swing Trading than in Day Trading.

For both form of trading there are some specialized technical indicators. For e.g. Use of Daily Pivot Points is used in Day trading to identify Support and Resistance levels.

When choosing a particular trading style, it should be seen which form of trading are you more comfortable with.

The above points can help you choose a form of forex trading.

But choosing a form of Currency trading is just one part, the next is to find a reliable Forex trading system that can make money consistently. And if you can come across a course that can not only teach you such a reliable system, but can explain to you the important techniques that can make you a good trader, then that is fantastic. One Such Forex Trading Course called Forex Success Formula is coming very soon. Click on the link to join its pre-notification list as well as get a free forex trading ebook

Currency Trading Course - Good Online Money Making?

By Mike Lovatt

This currency trading has to be done very carefully as there is a track record of every seven out of ten people opting for this trade losing out on hard earned money.

Out of the means that can be followed to avoid this loss in forex trade, the best ways is to take up a currency trading course that will enable us understand the process of foreign exchange trade and this will minimize the loss that the trader can incur due to lack of knowledge in trading. Any currency trading course will update the trader on the nuances of trading and the ways that are apt to increase the gains and minimize the risks of loss of money.

The forex trade market is the biggest trading market and there are huge amounts of money that are churned in just one day. So the competition is very tough and lot of experience and expertise is required to make good money in this forex trading. This is where the currency trading course comes in handy and helps in establishing the trader. The forex trade is generally done is pairs that is currency is both bought and sold. The market is very dynamic and hence the currency trading course that is available helps in capitalizing on the fluctuations in the market place and ensuring that the currency trading happens at the ideal time. Also, since this online trading can be done at any time, the trader has to do it at the right time to ensure maximum profit. The currency trading course ensures that the trader reaps the maximum benefit out of this forex trading by widening his knowledge base.

Click Here for a review of forex brotherhood, the currency trading course available.

Make Money Fast - Build Wealth on Small Stakes in Just 30 Minutes a Day!

By Kelly Price

If you want to make money fast and don't have much to start with, then this is the business for you, as it allows you to turn a small investment into a large one, in just 30 minutes a day...

So what do you need to make money fast?

- You need a desire to succeed and a willingness to learn skills

- You need a proven format that you learn

- You need to be able to get more bang for your buck and that means, the ability to leverage your money.

Let's look at the above in more detail.

If you want to get anywhere in life you need a desire to succeed and a willingness to learn.

You also need to accept that the only person who is going to make you rich is you.

It's all very well and good having desire - but it needs to be channelled into something you can learn and know you can master and be successful.

Finally, if you don't have much money to start with, you need to leverage you cash and make it work harder.

So how do you do this?

You can become a currency trader from home! You may never have considered it before - but it gives you the perfect vehicle to make money fast and build wealth, here's why:

- It's a learned skill anyone can do it if they get the right education

- You only need a few hundred dollars to get started

- You can leverage your money by 400: 1. In simple terms this means if you put down $500, you can trade $200,00 - no credit checks required!

So how actually do you learn to win?

Simple - can you read a graph?

If you can you can use forex charts and spot and act on patterns that repeat time and time again.

If You can trade high odds set ups you see on the charts and cut your losses and run your profits, you can use leverage to your advantage and make huge long term gains.

In currency trading there are opportunities every day and you never have a bear market - as one currency rises another must fall and vice versa, so you can make money fast and build wealth quickly, if you can get leverage working for you.

The Catch

While you can win at currency trading it's not a walk in the park and you wouldn't expect it to be, with the rewards on offer - but its something you can learn and for the effort you put in, the rewards can be life changing.

The key is discipline!

You must learn to take your losses and keep them small.

You are not interested in being right or perfect, you are interested in making money and this means taking them cheerfully. On the other hand, if you run the big trends you will more than pay for your losses and make huge gains.

The world of currency exchange is the world's largest business, the final frontier of the free market economy and allows you to build wealth quickly.

So if you have disciplined mindset and are prepared to work hard for a few weeks and learn and then take responsibility for your destiny, currency trading is the business for you.

You can make money fast in this business and change your financial future forever are you up for the challenge?

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Trading Currencies From Home and an exclusive risk free Currency Trading Course visit our website.

Forex Trading Methods - Get Back to the Basics!

By Jim Buhs

It's hard to believe, knowing what I know now about forex that many people out there are trying to learn the most complicated forex trading methods. When I see people scour the forex forums to try every forex system that involves using a hundred indicators, I can't help but shake my head and think "that used to be me".

For the people that are in this stage of forex trading, let me ask you a couple of questions. Have any of these methods led to any profits? Do you actually understand what these indicators are telling you are you just blindly following them because that's the system?

You see, anybody can make a system with these lagging indicators like stochastic and moving averages. It's not complicated. But the thing you have to ask yourself is what do all these things mean? What does this have to market movement?

I found that it's very difficult to trade successfully any forex trading method, if I don't understand the underlying reasons for a trade. I know these magical indicators seem like the easy way out for trading forex, but it's really not. If you don't believe me, just think off all the time people waste searching for the ultimate "holy grail" indicator.

If you take the time to learn that the currency markets have patterns which are repeated constantly and can be taken advantage of, you start to see the true energy of price movement. It doesn't matter which time chart you are looking at, these patterns have something that all lagging indicators don't: The ability to forecast.

Jim Buhs has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex successfully was on a plain chart with no indicators, his profits soared. To check out this and more forex reviews, go to LearnForexDirectory.com

Idiots Guide to Forex Trading

By James McKerr

An idiots guide may seem like a bit of a pipe dream for some people as the world of forex trading can seem like such a complicated activity full of jargon and acronyms. For some time i was looking for a such a guide to making money from trading forex. Well after a long time looking for such a thing I think I have found such a system. In this article I will explain what the system is and how it works for me so I can earn a extra income from my trading and learn from it in the process.

The big problem I faced when I wanted to start trading forex is that the information out there seems so technical. I seemed to be spending hours and hours researching and reading about how to do it but at the same time I found I struggled to actually learn anything I felt would make me a profitable trader of forex. I seemed to be suffering an information overload while learning absolutely nothing.

What changed for me was when I stumbled across an article about forex trading software tools and how they are now readily available and reasonably priced. Previously such software was too expensive such that only professional traders working for big investment banks used it. However in recent years increased competition has meant that the prices have crashed and such trading platforms are now very competitive.

What I found when I bought my forex trading software was I could actually set it off to trade very small amounts on its own. This allowed me to simply sit and watch it trade and learn how it did so. Not only this but it made me money. In fact to prove a point to my wife I let it run one night overnight and showed her that we made money while we were asleep!

Do not get too carried away because I am not a millionaire just yet, nor do I expect to become one. The software works by making lots of very small trades trying to make slim profits on each trade. While I don't think it will ever make me a millionaire I have learned a huge amount from simply watching it work. In addition it has also made me a few thousand dollars over the last few months.

Here is a link to the stock selection article forex trading software that changed my finances. Good luck and happy trading!

Forex Tracer Review - Automated Forex Trading Expert Advisor

By Don Dang

The Forex Tracer is a software allows even the most technically challenged among us trade forex successfully for a living. All that is required is a basic internet connection and the ability to follow the simple setup instructions, once installed sit back and relax while the 'forex tracer' scans the market for trading opportunities and automatically picks off the trades with sniper like precision. The forex tracer also comes with a bonus expert advisor called the 'fx cherry picker'. This makes forex trading extremely easily easy because it tells you good places to buy or sell in the market. The forex cherry picker is valued at $199 but is comes bundled with the forex tracer for free.

My Experience with Forex Tracer I recommend you have basic knowledge of how the forex market works because you will need to configure settings like the stop loss and take profit. If you are using the FX cherry picker it will tell you when to buy and sell in the market. There will be an indicator that changes colors depending on the time to buy or sell. The Forex Tracer system has been profitable on my mini account of $1000. It was the first live account I have ever opened and the next day the robot made $125.

Forex Tracer Features - Monitor multiple currency pairs at the same time

- Fully automated, works 100% on autopilot

- No experience needed, but basic knowledge is recommended

- Easy installation

- Works on demo account

- Targets EUR/USD currency pair on 30 minute time-frame

If you would like more information about the forex tracer please click here or visit my blog at http://www.forexautopilotsystems.com

Forex Autopilot System

By Don Dang

My Experience With Forex Autopilot If you plan on using forex autopilot I recommend you have BASIC knowledge of how the forex market works because you will need to configure settings such as stop loss, take profit, trailing stop, etc. The forex autopilot system has been profitable for me on my mini account of $500. It was the first account I have ever opened, and the very next morning the robot made me $78. Forex Autopilot has a 92% winning trade rate.

What is the Forex Autopilot System? The Forex Autopilot System is a software that trades the forex market for you! Simply download and install the program, configure it to your settings, and that is it! Money on autopilot!

How Does it Work? The trades at low risk areas in the market. You can configure it to trade in high or low risk situations by configuring the S/L and T/P. Of course your trading activities will still involve some form of risks, but you can expect realistic results of 5-10% returns with this system each and every month!

How to install it? Once you download it there is a FAQ and step by step guide on how to install it. Also there is video tutorials that show you exactly what to do. You will need the metatrader 4 platform to utilize the bot. Mac users will need to install windows via bootcamp or VMware.

How many F.A.P.S trades are winning trades? The Forex Autopilot System Has a winning trade rate of 92%.

What Currency Pair Should I use Forex Autopilot on? These are the setting I have found very profitable...EUR/USD Pair 1M Timeframe.

How Should I Configure the Stop Loss and Take Profit? These are the settings I use on my live account. Take Profit -20 points Stop Loss - 30 points.

Check out my blog at http://www.forexautopilotsystems.com where I talk about forex trading robots and more!

Day Trading Forex Currency - Average Just Doesn't Cut It

By Brian McAboy

Your parents probably told you somewhere along the way, "Anything worth doing is worth doing well." In day trading Forex currency, it makes all the difference.

When it comes to day trading Forex currency, being simply "a trader" won't do. Being a trader is something anyone with a bit of money can do. All you need to do is open an account, deposit some money, then begin placing trades. Instantly you're now a trader.

The big problem is that the average trader either makes very little money for their time, or they are losing money. The 90-95% failure rate in trading is no joke and these people are failing and losing their money. Six-figure incomes are definitely NOT being realized by the average trader.

Now you certainly didn't get into day trading Forex currency to lose your money, strain your relationships, add stress to your life, or grow more gray hair. Most likely you were intending for something quite different. Like quitting your job, becoming your own boss and having control over your time, building wealth, and enjoying financial freedom that trading offers.

There is one distinction where the average trader runs afoul. The focus is on making money with every trade and the secret hopes the each one will be a big winner that sets them for life, because the average trader is looking primarily at the leverage in day trading Forex currency. When the 10% first found day trading Forex currency, they said "Indeed! The potential is here with this for me to enjoy a very nice living, build wealth, have the life I want and the time freedom I seek. I am going to become great at this because I see that the possiblity of a six-figure income is very real here."

The focus for those that make the six-figure income is to become great traders, while the average traders are chasing money. The difference in focus is on doing versus being and becoming. Who they become in the process is a significant result.

How they both approach the whole matter of day trading Forex currency is another difference. A business is any activity engaged for profit on a regular basis and this is the other realization. So when you started trading, you had opened your own business whether you realized it or not. Your business has been started in rather unique and highly competitive industry. The wisdom, "Treat your trading like a business" is one you've encountered I'm sure. Because a business is a business, not just a hobby, it needs to be treated as such regardless of the industry. The same goes for trading.

But if you've never started and run your own business before, then you've got no prior experience to relate to and fall back on for your trading business. Trading is a unique business with different requirements and unique challenges, which you know if you have run your own business previously.

For the business to provide a respectable, reliable and consistent income stream for the owners, in addition to building wealth and providing financial freedom and security is the goal of owning any business including a trading business. Owning, managing and running any business involves quite a number of roles, each of which has its knowledge and skill requirements. A successful trading business entails much more than simply opening a trading account, getting a trading system and then following it.

The 10% that realize the six-figure income, the freedom and the rewards that trading has to offer, realize that first you must decide that being average just isn't good enough, and that you must become both a great trader and an astute business person - in the business of day trading Forex currency. The average traders lose money and earn a dreadful hourly rate as a trader because they don't make these distinctions.

The purpose of this article is not to offend anyone or to hurt anyone's feelings. Because the business of trading is so foreign to most people, they simply don't know to make these distinctions.

You've got what it takes, so do you really want to settle for average, or do you want to become a great trader and realize your potential as a trader so that the lifestyle that is available in day trading Forex currency is realized in your life? If a great trader is what you wish to become and you can take just one hour a week, then it may be worth your while to consider the training available in the Trading P.I.T. Club at Inside Out Trading. Right now go to: http://insideouttrading.com/pit/great.html

Forex Trading Info - How to Start a Successful Forex Trade Operation

By Alex Cadens

Take your time to read these few lines, as I am going to provide you with some essential forex trading info.

First thing you should know is that the forex market is very profitable, because you can make money every time it moves, and believe me, it never stops moving.

However, as any other trading operation, forex trading will involve a risk, so you need to make sure that you reduce it as much as you can. To do this you need to find reliable forex trading info focused precisely on showing you ways to ensure a high performance within the market.

But what forex trading info should you look for in order to achieve that goal?

Well, simply look for forex trading info about educational products and other tools designed to put you on the right track.

I cannot tell you enough how important this is, because when I first started with forex trading I decided to read a little bit here and there, and settled for some forex trading info provided by friends already in the market, I thought I was invincible.

As it turns out, I did not do so well. Thankfully I did not lose much money and I managed to make a profit, but not nearly as much as what my friends were making.

That obviously meant that I was doing something wrong, so to turn things around and start making it right, I knew I had to go out and find reliable forex trading info about educational products or forex trading tools that would allow me to enhance my performance fast.

I knew that would not come without a cost, but before I payed a dime to anyone I did some insane research, and I found several places dedicated to providing forex trading info. Most of the websites I found where not very insightful, and some of them were too sale oriented. However, I kept gathering information and getting an idea of which way to go.

After visiting tons forex trading info sites, I concluded that you can improve your forex trading performance in basically three ways:

1) By taking a forex trading course, which involves purchasing a good and easy to swallow e-book about forex.

2) By getting a forex trading assistant, which involves purchasing a good software or system designed to provide you with reliable signals to enter and exit the forex market at the right time for a profit.

3) By getting an automated forex trading system, which involves purchasing a good software designed to place trades and close them automatically for a profit.

When confronted with these alternatives, I simply did not know where to start because you see, to me any of these options were good choices.

Indeed, you can never go wrong with the first option, because knowledge is always a good thing, but if you can not -or do not want to- put the right amount of effort into the learning process, you can end up losing money instead of making a profit.

The second option sounded even better to me because I would not have to make much decisions, since I simply would be pointed out the right moment to place my orders and close them for profits. However I would have to be attentive of the market movements during the day.

Being lazy as a I am, I decided to start by taking the third option, because with this one I would not need to dedicate a lot of time in order to profit from the market (although after a few months with automated trading I decided to invest in a forex trading course too). Indeed, the automated system did all the work, including placing and closing the trade orders, and up so far with over 90% success rate.

So as you can see, I ultimately improved my performance as I wanted, but not before I did my homework searching for good forex trading info.

As I told you before, forex trading is a very profitable business, but you need to understand that you rely on market movements to make money, so if you are not in the right place at the right time, you could miss a lot of profitable entry points. By having the right tool you will never have to go through that.

So before you put a dime on forex trading, start by getting some good forex trading info about educational products and forex tools that will allow you to become a successful trader from the very start. Avoid wasting time and money like I did and make money from day one.

You will save time and get very insightful and reliable forex trading info about educational forex products and tools at this site: http://www.specialonlinebusinessreviewauthority.com/

Silicon Forex Review - Is a Scam Or Does it Work?

By Tony Matos

The new buzz in Forex market is about Silicon Forex software so I decided to try out this new program and have a test run on a demo account; this program also work with Metatrader 4 trading platform.

Everybody in the market is wondering about Silicon Forex the first area will be that requires no human interaction. It's a pug-and-plan Forex robot that enters and exit on autopilot. It also has a video tutorial that comes with the product. When you follow the video instructions you will have Silicon Forex up and running in no time.

This system is coded to find profitable trading opportunities for you and went to enter and exit the market it helps how many lots to enter and when to place your stop loss.

Be advised that Silicon Forex has been developed by Forex pros. The software focuses on EUR/USD pairs you will see that it's the most popular pair in the market and you will see that 3 out of 4 trades you will gain profits. Also note that its has a no question asked 60 day money back guarantee and you will be refunded in 24 hours.

So you must wondering if this systems works or it's a scam; I am very happy with this software it has worked fine for me and after purchasing Silicon Forex, in 15 minutes I was able to make my first trade; the setup is very easy and has been very profitable for me. The Silicon Forex robot has been a great help in my trading and save me a lot of time and have more time with family and myself.

You can find more information and tips on Silicon 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.

Learn to Trade Forex - 7 Important Rules to Help You Trade For Profits!

By Manson Vic

I have recently switched to plying my trade online because I will like to spend more time with my wife. Online trading can be a rewarding job to do from the comfort of your home. However from surfing forex forums, I witness how easily a rookie can get burnout from the market. Don't get me wrong, I do have my fair share of being a rookie and losing trades just like everyone else but I consider myself fortunate to have met a mentor who is kind enough to show me the ropes. The internet has provide a huge wealth of information that a rookie can easily get access to. There are various brokers and mentorship programmes to choose from but choose carefully, the last thing you probably want is spending a fortune on some worthless junk. I will like to give you a headstart and share my own general trading rules and experiences to help u earn those extra pips from each trade.

Here are seven suggestions and points of advice to consider:

1. Follow the rules of a simple trading approach. Keep it simple.

2. Accept responsibility for personal decisions and actions in the market. No one-and No methodology-is responsible for your interpretation of the market.

3. Make sure you trade a demo or play money (paper trade) successfully before moving into the world of live trading. Once you are ready to trade live, then consider trading on a live mini account, with a very small amount of deposited margin to ease into the world of live trading. It is not only an emotional learning experience to gain control of but sometimes a very stressful event in one's life to move from trading demo money to trading live money. Once you have achieved success with a small live mini account, then you can move on to the larger standard accounts, where risk becomes greater as well as potential profits.

4. Establish a live account with a broker who is known for integrity. Brokers who play games such as holding trades in order for the market to have time to turn in order to capture your money for their gain are not playing a fair game. Reputations follow brokers who hold markets during slow and fast moments of volume.

Note: Always plan a trade that has more than a scalper mentality of gaining only 1 to 5 pips. This way, the broker has ample time to cover a submitted trade or pass it on through to a bank or clearinghouse. Data feeds are different for most brokers, depending on their source, and you should allow a broker a little chance to make money as well. After all, without a broker, the opportunity to trade in the markets would be very expensive. More will be offered on this value and need for brokers within the industry.

5. Invest in personal education before trading the forex, even if you have experience trading other markets. The forex is a totally different type of industry, with much more volatility than other markets. When selecting a firm or mentor to assist you in developing the skills necessary to survive your initial years trading the forex, and as you develop those skills, make sure the mentoring person or company is walking the talk. Many mentors teach but do not trade, and this may not be the best way for you to learn. A legitimate mentoring company or individual not only is trading live but is in a position to provide ongoing free daily support along with a proven track record of success to back up the ability to teach. Good mentors will have on file, for anyone to review, copies of documented live trading histories from students that they or their organizations have trained.

6. The greatest distance to overcome in each trade is found between the ears. I feel attitude is everything in the markets, and that is why I have placed so much emphasis on becoming a string trader. Many have told me that the truth comes out about yourself when you learn how to trade. You may learn much more about your self-discipline as a forex trader than you have ever realized if you keep an open mind as you pay your dues of time and practice. More will be covered in future articles on why you should strive to be a string trader and how this may straighten out issues regarding lack of discipline in the market.

7. You must persevere in the market, never giving up while learning and paying the dues of time. It is necessary to just hang in there even if it takes years trading a demo and a live mini account before you are ready to move into the world of standard account trading. All too often, traders go live way too soon and lose their money because they skipped the necessary steps of paying the dues of practice, spending time in the market, as well as just growing and finding out who they are. Trading definitely will reveal something about yourself that you may have never known.

Happy Trading!

Click here and Find out more about forex brokers and mentorship program at my squidoo: Mansonvic

Make Money Trading Currencies - 4 Steps to Currency Trading Success

By Kelly Price

If you want to make money trading currencies, then we will show you how to do this in simple steps. Here we will give you the basics and help you build a currency trading system for long term trading success.

Step 1 - Get the Mindset for Success

You cannot get currency trading success from others and there are plenty of people wanting to sell you automated forex robots and systems but they don't work. If you want to win, you have to understand that you need work and learn currency trading for yourself. If you do this, you will have confidence in what you do and the discipline to follow your system.

Most traders fail because, they don't have the discipline to follow their system and if you don't have the discipline to follow it, you don't have a system!

Step 2 - The Methodology to Base Your System On

The best, simplest and easiest to understand methodology, is to buy or sell breakouts of price, to new market highs or lows.

Look at any forex chart and you will see most major trends start and continue from new market highs or lows. If you can go with them, you can make a lot of money. Most traders don't and that's why the majority lose.

Most traders want to wait for a pullback, to buy at a "better price" and of course prices don't pullback and they sit and watch, as the trend sails over the horizon and makes thousands of dollars in profit and their not in!

Go with breakouts and sure you miss the first bit of the move - but if it's a good break, you will have a lot of profit ahead of you.

Step 3 - Basics of Your System

You need to understand support and resistance.

Look for levels that are considered important by the market and the more times the level has been tested the better. You then need to confirm that when a break starts, the odds are on your side and it will continue and for this you need to use momentum oscillators.

We have discussed these fully in our other articles but for now, you simply need to know they will help you determine price strength through the breakout point. If price momentum accelerating, the odds are on your side and you can enter.

Look up the stochastic and RSI for this - there great indicators and you can learn how to use them in about 30 minutes.

Step 4 - Money Management

You need to play great defence and defend your equity. Just like all the great football teams, if you have a great defence, the offence will get the opportunities and make them successful.

With breakout trading, your stop is close and obvious (below the breakout point) and you should trail it slowly as the market moves.

Don't make the mistake of using too much leverage.

You can get up to 400; 1 but 20:1 is plenty, more traders lose due to over leveraging than any other reason.

Putting it all Together

You don't need a complicated currency trading system, you need to keep it simple so your trading system is robust, in the face of brutal market conditions. The key though is discipline; you must be able to trade through losing periods, until you hit a home run.

If you want to make money trading currencies - you can. The above tips will help you and remember, work smart not hard, keep it simple, get the right mindset and you will enjoy long term currency trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Make Money Trading Currencies and an exclusive risk free Forex trading Course visit our website.

Best Technical Analysis - The Best Methods For Big Consistent Profits

By Kelly Price

So what is the best technical analysis? There are numerous methods and theories you can use and here we will separate out the best technical analysis theories and indicators which you can use for bigger profits.

There are two mistakes most novice traders make and here they are if you want to win avoid them!

Markets Move to a Scientific Theory

No they don't and its obvious why - if they did we would all know where prices are going in advance and there would be no market! Markets move on uncertainty and that's a fact.

There are theories that claim to be scientific but are nothing of the sort and they include - The theories of W D Gann, Elliot and his Wave Theory and the Fibonacci number sequence, avoid them or lose.

Forex trading involves trading the odds and you wont win every trade, but you can make big profits.

The More Inputs the Better

Today, we have super fast computers and complex software programs and many traders are under the impression, that the more complicated the method and the more inputs and technical indicators they use, the better - this is simply not true.

If it were, in the last 50 years with all the advances in technology we have seen, far more traders would win then they did 50 years ago - but they don't.

The reason for this is - simple trading systems work best, as they have fewer elements to break and are more robust.

The best forex technical analysis is simple and if you want to succeed, you need to make sure your system is simple too.

How to Use Technical Analysis

Keep in mind that technical analysis has many advantages but it is NOT a science, it's an art.

Your aim is the spot and act on high odds trading scenarios.

Forget about trying to pick market tops and bottoms and trade the reality of price change only and look to confirm price momentum is on your side.

In my view, the best technical trading systems use breakout methodology.

It's a fact that most major trends start and continue from new market highs. If you can lock into these breaks and confirm them with momentum oscillators, you can make a lot of money.

The next article in this series on best technical analysis, will focus on building a simple, robust and profitable long term breakout system for profit.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Best Technical Analysis and an exclusive risk free Forex trading Course visit our website.

Automated Forex Robot - Finding the Best Forex Robot For Consistent Profits

By Kelly Price

If you want to buy an automated forex robot you have a lot of choice but the fact is most are junk with made up simulated paper track records. There are a few good ones out there and this article will help you find the best forex robots.

Here are some tips to help you find a forex robot that works

DON'T Buy Simulations!

Most forex automated robots are rubbish and claim to be able to make big money but you look at the risk warning on the track record and see the words in "hindsight" and "simulated" Of course, this is easy and anyone can make up a track record knowing all the facts.

You have to think to yourself if the robot works, why hasn't the vendor traded it?

By discounting all the forex robots which don't have long term results in real time, you are getting rid of well over 90% of them.

Get REAL TIME Results

Now lets look at what you need to look for to find a good one.

You won't be surprised that the first thing to look for is a real track record over several years that has been independently evaluated. Of course past results never indicate future profits - but it gives you confidence in the system and at least the logic is soundly based.

Understand The System!

If you want to follow a system (even if it's made money in the past) you need to how it generates its trading signals, so you can have confidence in it. If you don't have confidence, you will never be able to execute the signals as their generated and if you don't do this, you don't have a system at all!

So unless the logic is revealed to you and you agree with it, don't trade the system.

Be Realistic

The automated robots with the fake track records say you can make a 100k a year and trade with $100 but this is fantasy, not reality.

In the real world, this is what you should expect from the best forex trading systems:

- Gains of between 30 - 100% per annum

- Losing Periods of a few weeks to a few months

- Losses of between 20 - 50% of your equity at some point

If you are trading a system then stick with it and judge it over a 2 year period.

Short term performance means nothing and all systems will have a losing streak, it's the long term that counts.

If you get the right system, you can make the cost of it back many times over and you have a tool which will in 30 minutes a day give you a fantastic second income.

Take your time and shop around and you will find an automated forex robot that's just right for you in terms of risk to reward and you are then all set, to enjoy long term currency trading success with it.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's and more on Automated Forex Robot and an exclusive risk free Forex trading Course visit our website.

6 Forex Risk Management Tips - Successful Forex Trading Guidelines

By John J. Drummond

Forex trading has become widely popular despite the dismal statistics that over 90% of traders lose money. The prospect of taking a piece of the 3 trillion dollar daily pie which the foreign exchange market sees is strong and tempting. Yet the risks are also tremendous, as the statistics show.

The sad truth is that most traders fail to truly make their trading a business because they don't apply basic Forex risk management principles. This is what truly separates the men from the boys in Forex and can have a huge effect on your long term results.

Here are 6 tips on Forex risk management, minimizing Forex losses and risk factors

1. Don't put all of your eggs in one basket - This is true for any investment and Forex is no exception. Forex investment should only be part of your portfolio, not all of it. Another way to achieve diversification is to trade in more than a single currency pair.

2. Don't over-leverage yourself - It's easy and tempting to leverage yourself a 100 times over. It also makes it pretty easy to lose your shirt. Don't take huge leverages. It's easy to lose all of your deposit that way in just one quick fluctuation of the market.

3. The Stop Loss is sacred - Trading without a stop loss is like jumping out of a plane without a parachute. You're going to get splattered and it's going to be ugly. Also, once you set a Stop Loss, you never take it down. Otherwise, it's like jumping with a parachute but never intending to open it.

4. The trend is your friend - Unless you're a position trader and you plan to hold a position for years based on in depth economical analysis, you shouldn't go against the trend. Remember, there are stronger players in the market. You're not going to wrestle the market to the floor. What would you rather do, swim with the current or paddle in the opposite direction?

5. Educate yourself continuously - The best way to know Forex risk management rules and become a successful forex trader is to know how the market works. This is an ongoing thing, so keep at it.

6. Use software to help you - To achieve Forex success, make use of trading software and analysis programs which can help you make a better decision. These systems aren't perfect, but you can still use them as advisors and something to fall back on.

Use these 6 tips and you'll minimize your risk and become a more sensible, successful trader.

John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Robots. To read more about Forex trading on John Drummond's blog, click here: Forex Education and News.

The Best Forex Trading System - This is the REAL Way the Pros Trade Forex

By Jim Buhs

What is it that makes the best forex trading system? Is it the one that most people use? Probably not, otherwise why would there be so many people failing to make any money? Everyone knows the statistics. 95% of traders who try trading forex, fail.

So, if the best forex trading system isn't based on popularity what is it based on? Simplicity!

I know some of you are probably thinking that these systems, where you put a bunch of indicators on your charts and you just trade based on the readings of the indicators, sound fairly simple. After all, it is something that anybody can follow.

But when I talk about simple, I mean having a less is more kind of approach. If you are adding more indicators and more gadgets can you really say that you are making things simpler? Better yet, can you really say these indicators are helping you actually understand the market?

If you are paying hundreds of dollars a month on charting software from eSignal or TradeStation, you have to ask yourself is it worth it? Who knows? To some, it probably is.

I can only speak from experience but when I was finally able to trade the markets successfully, is when I got rid of all these excesses. The market suddenly became simpler and easier on the eyes. I was able to spot patterns that get repeated constantly in the price action, which helped me to forecast future movements. The moment you wave bye-bye to all the unnecessary filler that comes with trading, is the moment you have a true understanding of the market.

Want to learn how to trade forex without indicators then check out my best recommendation Bird Watching in Lion Country

Forex Pairs - Understanding How Forex Currency Trading Works

By Jason Fielder

If you want to be able to effectively trade the Forex, then you need to understand how Forex pairs work. "Forex pairs" is another way of saying "currency pair." All trading in the Forex market is done not with individual currencies, but with currency pairs. To trade the U.S. Dollar (USD) you have to choose another currency to trade it against. This is why understanding Forex pairs is so important. It's not enough to understand one currency. You have to understand how two currencies are going to relate to one another.

The major currencies, and major currency pairs, will account for nearly 80-85% of all Forex trades world wide. The reasons for this are fairly simple and straight forward. The strongest economies are often the most stable and come from the most stable governments. This security and strength of economy is what makes these main currencies strongest and the best to trade.

Look at Zimbabwe's hyperinflation as a reason why smaller nations and nations with dictators aren't trusted in currency trading. There are too many variables, and an economy can completely change overnight. Governments that operate by Democracy and that are strong aren't likely to fold. Economies given freedom to operate on their own also tend to work in a stable way. Even the most unstable weeks or months in the United States would have less effect on the currency than if China's leadership decided to shut out all foreign investment tomorrow.

This is part of the reason China's currency hasn't broken into the major players, while nations like Canada and New Zealand have. While it's unlikely that China would have a sudden shift like this, it is possible. That type of insecurity is why China's Yuan isn't going to be in position to stand up with the CAD, NZD, or CHF any time soon.

The most common Forex pairs will get traded the most because the Forex market is volatile enough without the dangers of governments shutting down foreign investment, military coups, or any of the other common worries associated with these nations.

Russia fighting Georgia, China cracking down on dissent, India and Pakistan - even modern developed nations can be too unstable for good currency strength.

So when you're looking for a good currency pair to trade, don't get cute with Yuans, Pesos, or Rubles, but stay with the big dogs. They provide all the profit opportunity that a good Forex trader needs.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/ From Jason Fielder: Founder, ForexImpact.com

Day Trading Forex Currency - Not For the Beginning Trader

By Jason Fielder

This might sound a little repetitive if you've read all of my blog posts about the Forex market, but it seems like every commercial you see on television about trading the Forex is touting day trading as the easy way of trading the Forex. There is no easy way to trade the Forex market, and day trading Forex currency is definitely not for the beginning Forex trading. Day trading is an advanced strategy and shouldn't be jumped into by inexperienced traders, regardless of how easy any commercial makes it appear.

Day trading the Forex might be a popular fad style right now, and there probably are Forex traders who make some decent money with this style, but the very nature of day trading with all the short term trades makes it more difficult to have accurate technical analysis of the upcoming trends.

You may avoid most of the major losses by having such short term trades, but you'll also miss out on any major breakouts that could have made you far more money with a long term strategy.

The same leverage that allows for decent profit to make on a lot of short term trades is the same leverage that can also cause you to lose money on a lot of short term trades. Some inexperienced traders tend to believe the short term trades act as a hedge to protect you, but this isn't the case. Day trading is not any safer than long term trades. If anything, they're more dangerous.

Day trading is all around the short time, and requires an enormous amount of attention, skill, and concentration. While there are probably many Forex traders who prefer this method, the real money to be made is learning how to use technical and fundamental analysis on longer trades where you can take advantage of channel breakouts.

Without ever taking advantage of the breakouts in the Forex market, day trading Forex currency will never be able to match the profits of traders who have systems that allow them to take advantage of long term runs in the currency market.

While there is certainly a place for day trading the Forex, there are just other Forex trading systems that could offer more profits with less risk.

If you're dead set on day trading, make sure you understand the intricacies of the Forex market first to make sure you understand the markets before jumping to advanced Forex trading strategies like day trading.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/ From Jason Fielder: Founder, ForexImpact.com

Do Forex Trading Robots Work Or Are They a Scam?

By Fred Jay

The forex market is now a side or full income for many people due to that fact that their is so much money to be maid. Recently, lots of people have been relying on forex trading robots to make forex trades on auto-pilot. A few years back, all forex trading was done manually, and almost had to be a full time job, but thanks to changes in technology, forex trading robots were developed to make trading forex a breeze and very profitable.

Forex Robots, which run on auto-pilot, which means can do all the work for you, but Some only act as advisory software, alerting you when its time to make a trade. Some of the better robots will do all of the work for you, all you need to do is fund the met-trader account and it will analyze and make profitable trades.

So many people ask themselves the question "Do Forex Robots Work Or Are They a Scam?"

Here is the truth, some of the forex trading robots work very well, and some are complete rip-offs. So you just have to be careful when purchasing a robot. Any product you are looking at must show proof of its earnings! To sum it up, some robots can make you 10,000 dollars every month and some can make you loose money. As long as you get a good proven robot, you will most likely come out with a large profit.

How to avoid getting scammed?

• Make sure it has a money back guarantee
• Make sure you can use the software on a demo account - This allows you to put the software to use with play (fake money) to see if it is actually profitable.

Do you want the very best forex trading robot? Well I have some good news for you, I bought and tested the top 7 forex software's and put a review of the top 2 on my website: ForexTradingReview.Info I made over 900 dollars a day with one of the softwares listed on that site. Just Imagine if you purchase a couple of profitable software. You have to be very careful when purchasing a software though. Some of the software just sit around and never make you any money. If you want to make thousands every week with forex I suggest you take a look at the website: Forex Trading Review.

The Quickest Way to Profit From Your Investment in Foreign Currency

By Blaine Mark

Making quick profit from investment in foreign currency markets (Forex trading) use to require that you have to be an expert in the Forex trade with a lot of experience. But over the last few years, the type of people who are now able to exploit the Forex market has shifted dramatically. What use to be an area were only experts were able to make all the huge profits, is now the source of consistent earnings for the average Joe.

This was made possible due to the huge influx of automated Forex trading software also known as Forex robots. These applications completely manage every aspect of Forex trading, making it possible for people with little or no experience to start earning on their investment in no time at all.

The Forex robot handles all the complicated area of trading, so that all an inexperience person is required to do - is to learn how to operate the software itself. Once they have figured out how to use the software, there is nothing else that is necessary for them to do than to set the it - leave there their computer on in order to allow the Forex robot track market trends and make profit on their investments 24/7.

If you are someone who is reading this article and thinking about how to go about making investment in the foreign currency trade? Before you spend a lot of need less time trying to learn all that there is to know about the Forex market.

First, invest in a good automated Forex software so you can get started right away. You don't even have to worry about any risked factor; because you can sign up for a free demo trading account that you can use to evaluate how profitable your Forex experience is capable of being. This demo account can be managed by the automated Forex trading software as well.

There has been quite a few Forex software released lately, but none has really had everybody talking like Forex Tracer. Many are saying it has been making them significant profits on their investments in foreign currency at a very fast rate. If you want to find out more about Forex Tracer, you can Click Here to read a review to will help you decide whether it is the right automated Forex trading software for you or not.

Forex Newbies Or Part Time Traders - Get a Robot!

By Amril Haq Mohamad

If you are currently trading forex as a part time job, you will know that it demands a lot of time, and mental and physical energy. It is like your second full time job! For many beginners, like myself, cannot imagine how much knowledge and learning is required in analyzing and understanding the markets, the indicators, and the economics in general. To tell you the truth, I was overwhelmed from the amount of information I could analyze the first time I entered the forex market.

Let us be honest with ourselves, most of us are not full time forex traders. We have our own 9 to 5 jobs and most probably a family to taken care of. Our trading hours are very limited to after working hours and maybe on weekends. How on earth will we be able to find the time to learn about Japanese Candlesticks, Fibonacci, moving average charts, oscillators and momentum oscillators, and many more chart patterns and trends. And yet, theses are the technical analysis only and not to mention the economic fundamental analysis. Trading strategically, you have to do market studies by reading economic journals, analyzing financial reports, and interpreting charts patterns and trends all through the night. Of course, you will get better over time but by then you will realize that you only have 24 hours in a day. Our minds and bodies cannot take the punishments of sleepless nights over and over again, plus we still have our "day" job. Solution: Get yourself a robot!

In successful forex trading you have to do 3 things: make pips, keep pips, and repeat. Since this process is repetitious, why not let a robot do it. Forex trading robots or MetaTrader 4 (MT4) Expert Advisors (EA) are currently available in the market. There Forex Tracer, Forex Funnel and Forex Autopilot to name a few. There are many more. These robots will do the analysis of chart trends and market signals before deciding to enter or exit the market. What differentiate these automated trading robots apart are the solid back-testing results which bear out all claims made by the makers. Some of the back tests were conducted over a period of 2 years like Forex Tracer, and some over a period of 4 years like Forex Funnel. All of them had shown 90% accuracy in modeling and had over $150,000 per year in profit.

Since the robot is doing all the work for you (and it is fully automated), you do not require to have any forex expertise in order to trade successfully. While you are earning a generous amount of income from forex, you will definitely be motivated to learn about forex trading. Since you are not under pressure to learn, you will understand and retain what you have learned easily.

Forex trading robots or MT4 EAs were developed with beginners and experienced traders in mind. They are easy to set2up once downloaded and if you are the skeptical type you can test these robots with a demo account up to 60 days. If you are not satisfied within 60 days you can return them for full refund. I highly recommend you check out these forex trading robots reviews at my personal blog.

Amril Haq Mohamad writes on internet home based business and forex trading related issues. You can learn more by visiting my blog, Auto Income From Forex Trading. http://forex-auto-income.blogspot.com/

How to Successfully Trade Forex & Make Money Online

By Alexander Belov

Nowadays everyone is talking about forex. Oh, sorry, you don't know what forex is? Hmm, that's strange, because if you have been trying to make money online recently, then you should know what it is. Anyway, forex stands for foreign currency exchange. Does it make sense to you now? Well, it's a bit complicated to understand it at first, and I actually had some problems too, when I started out, but it's pretty easy.

Wow, now you know what forex means, but how people make money with it? I know quite a few people, who don't study, they don't work, they actually do nothing but work at home and trade forex. Do you know what kind of life they have? In short, I would say they are living, they are not surviving. Eventhough, they are making a lot of money, they don't want to share with me anything, because when it comes to money, everyone become greedy.

Certainly, if you are really interested in making money with forex, then there are literally tons of resources online, and if you do just a simple search on Google, you will be able to find so many websites, that it will take you ages to read all of them. Internet is full if different books and guides, and all forex stuff. I would say it's information overload. There is so much there, that you don't know where to get started. Am I reading your mind? I think, I am.

What you are looking for is probably some software, or some sneaky tool, that would do all the work for you, and you will relax and watch your profits. Sounds too good to be true? Well, that's what I thought too, when my friends told me about it. You know, it seems impossible, when you do almost nothing, and make tons of money. People are used to working hard and making only few dollars. That's why when you offer them something hugely profitable, they think it's scam.

Well, not in this case. Of course, there are tons of scams online, but I personally don't use anything, unless someone recommend it to me, or I know the brand or the company, etc. So my forex guys, who are making a living online trading currencies, told me about a software called Forex Tracer. I was curious to find out, what it's all about and I purchased it. I am glad, that I did. It's probably one of the best forex software ever.

You are probably intrigued, aren't you? That's good, because that means you don't want to be an average guy, but you want to be driving Ferrari or Lamborghini around the city and living a great life. Enough ranting. Click here to check out my review of Forex Tracer.

How the Right Forex Strategy Can Increase Your Profits

By Alex Cadens

Any forex strategy you choose has the potential to deliver big profits, however, some will tell you that a monthly, weekly, daily or intraday trading strategy is the most effective.

In reality, there can be profits in any forex strategy as long as you are well aware of the market movers and signals at any given time, and you have a clear understanding of all the elements that support your approach to the market.

Some traders base their forex strategy in long term investments (monthly or weekly positions), while others will build theirs around daily or intradaily positions that might be open no longer than a few hours or even minutes (this traders are known as scalpers).

A long term forex strategy will probably earn you 100 or 200 pips in one trade, but that is probably all you will gain within a month or a week. But on the other hand, a well carried intraday trading strategy can deliver many little 10 or 20 pip trades during a single day, meaning that maybe you can total anything between 80 to 160 pips in one day using this approach.

The intraday forex strategy benefits from the fact that the forex market, whether moving up or down within any particular currency pair, will always make small fluctuations that you can profit from during the day.

Which approach is best for you will depend greatly on your personal investment and risk management style, and also on how much time you can dedicate during the day in order to follow the market trends and spot the right entry points for a profitable trade.

I have a preference for the intraday forex strategy because of its profitability and because I have some time to spare, but mostly because I have the assistance of a software I discovered a while ago, which places trades by itself based on the market trends occurring both during the day an during the night.

This way, I can go on trading all day and all night even when I am not in front of my pc, profiting from of every little window of opportunity that might open to scalp a few pips out of the market. With this approach, my intraday trading delivers about 120 pips daily, which in my particular case means I earn about $3,000 per month with a 5,000 investment.

So the intraday trading can indeed be the most profitable approach, but it will demand that you stay very attentive at what is going on within the market on a minute by minute basis, unless of course you have a software that stays on guard while you are busy with your job or anything else that might keep you from continuously analyzing the market trends.

If you want to take full advantage of the intraday forex strategy, you can find out more about the software at this site: http://www.specialonlinebusinessreviewauthority.com there you will find an insightful review about the system.

Which Courses in Currency Trading Should I Use?

By Jim Buhs

There are tons of courses in currency trading out there. How do you know which one to choose? Well it really depends on what it is you're looking for. If you're brand new to currency trading and want to find out the basics or if you have experience and are looking to learn how to profitably trade the markets?

If you're a beginner to forex and what to understand the first steps of trading forex, then a couple of options are babypips.com or any number of great forex forums like forex factory. Babypips has a ton of great mini courses in currency trading. They have a new lesson almost everyday. Their approach is both very accessible and fun. It's just a perfect place to quickly learn the basics of currency trading. Another great place to learn are forums like Forex Factory. It can be a little daunting and is not as well organized as Babypips but there is a mountain of information on some of the basics of trading.

If you are a seasoned veteran of forex trading and still struggling along, then you are probably looking for something more advanced. You've struggled with the markets and are looking for a solution. I'd recommend trying to understand price action. Try to find courses in currency trading that focus on trading without indicators. I know this may sound strange considering everywhere you look, people are talking about trading systems with stochastics, MACD, moving averages and many other lagging indicators. But if you can understand the underlying reasons of price movement by looking at a naked chart, then you'll have an advantage over 95% of the trading public.

Forex trading success is much easier once you understand what you're looking at. Make sure to check out my honest, unbiased reviews of forex trading courses.

Alternative to Working - Part (4)

By John W Middelkoop

Currency trading:

Case study: In my opinion, today, August 12, 2008, we are ready to make a transaction in the market. First we have to establish what the trend is for the USD/JPY. If you look at any available weekly trading chart (available on the internet) we will see it had a low of 95.89 on march 16/08 and another low, of 103.84 on July 16/08. To establish the trend on the weekly chart connect these two points and continue the trend line. The direction of the line indicates the trend is "up" since the trend is your friend, and the trend is "up" we will buy. (Always buy at a dip.) Since the market has declined for 2 days during an uptrend and is close to the trend line we will buy (1) contract (10,000 units) at approximately 108.80, immediately with the purchase of the contract place a stop loss just below the trend line at about 108.30 for a possible 50 point loss protection when the market moves as expected after this 2 day decline, it should turn around and move in the direction of the trend which is "up" this case is a perfect opportunity to get into the market, for the following reasons

(1) The trend is up,
(2) The buy to go long is close to the trend line,
(3) You buy at a dip. And we know that we are protected with a stop loss in the unlikely event the market will decline trough the trend line.

In my experience, this case study is only one of the many similar opportunities that comes along a few times a month, if we are stopped out, we should again have the patience to wait and check for similar conditions. An investment with your financial institution of about $250.00 would be required to make this transaction. Situations like this provide the investor with tremendous profit possibilities. For those people that have never been involved in the art of currency trading I like to inform you that there are financial institutions that will be willing to open a practice account for you. This practice account is available to any one that is willing to learn without having to lose money.

One more thing I like to bring to your attention is the fact that the experiences are based on a market that is on an uptrend, as mentioned before in my previous articles it is possible to make a profit in a declining market. What we have to do is exactly the opposite. First establish a down trend, second wait for peaks sell to go short close to the down trend, trend line.

And don't forget to protect yourself with a stop loss in the unlikely event the market will advance through the trend line.

The date for my next currency trading article please visit: http://www.qualitystampsonly.com by: John Middelkoop

Automated Forex Trading Software Gives You More Profits in Less Time

By Sean Bailey

Those of us who are new to the Forex market probably realize ahead of time that 95% of us will lose our money and the remaining 5% of investors will profit from us. Lucky for us, there is a way to give us an edge over the competition. Automatic forex trading software is designed to is designed to track and predict currency in the forex market. These programs use algorithms and historical data to make predictions and determine trends of what will really happen. Then it can automatically make trades on your behalf.

For starters, we will need to download the automated forex trading software platform and then a forex program on our computer. Beginners can be taught through a demo version of such forex robots by observation and visualization of what is going on. Then we can progress to a live account which will do real-time tracking with actual gains and losses. The demo account is simply a simulation. The live account is real-life so make sure you understand the forex market before jumping in with a live account. For best results, begin with a demo account to make sure you have everything set up and customized to your liking. When you are confident with the program and feel comfortable enough to take on real life trading, you can go to a live account. Always remember though, to test the program every time prior to going live.

Until you feel comfortable enough with automated forex trading software, you can still trade manually. This will cut down on the time spent in front of a computer screen when you have other business to take care of during the day and at night when it's time to get some sleep. Automated forex software helps fill the gaps.

There are many Automated Forex Trading Software on the market today. However not all of them are equal. The best way to get start is to read automated forex software reviews. For a list of comparison, CLICK HERE

Forex Brotherhood Review

By Josh Gould

Okay so I think the obvious question is "what is Forex Brotherhood?" - the number one thing I want to say is it is NOT a trading system you see released every other week. Forex Brotherhood is a membership site; you sign up and get access to a ton of content (which gets updated daily) for a monthly fee. I just wanted to make that clear right from the start; there's going to be a lot of misinformation out there.

Included with this membership you'll receive access to a private society of elite traders, constant updates (every single day), archived content, expert advisors (you may know them as trading systems), daily webinars, personal coaching and more. I'd tell you more but hey, something has to be a surprise right?

One of the cats that runs Forex Brotherhood is Jason Alan Jankovsky who is a publisher author on the subject and has 20+ years experience in the industry - you know you're getting quality information. Regardless of what you're doing with investing you should always make sure you're getting information from a credible source... I'm sure you know this but you know, just incase.

Due to the amount of content and the limited number of hours in a day, rather than cover all the content included I'll just touch on what I personally think are the best parts of the membership. Sound good? Sweet deal!

If you've ever read anything written by myself you'll know I'm lazy and I'm not afraid to admit it; seriously, the only actual work I do is sit at home and do graphic design from this comfy home office - real hard right? I pick my own hours, I'm my own boss, it's a beautiful thing. Combine that with the automatic Forex trading going on and I'm never really working.

This is why I like the trading system they've included. Turn it on, walk away and enjoy my day (who said rhyming stopped being fun after 3rd grade?) - that's what I like to do.They've built a custom EA and you're also offered discounts to two others - you may have heard them, I have purchased and reviewed them individually, they're Forex Tracer and Forex Funnel; the two operate on different currency pairs (Forex Tracer is EUR/USD and Forex Funnel is USD/JPY). This means options, and options are always nice!

For anyone who seriously wants to learn Forex trading, do it manually and take it to the next level you'll be satisfied with the personal coaching. If I were interested in manually trading this would be the bee's knees (the 1920's called, they want their slang back, oh snap), most of the time I have to ask a few questions before something clicks so having an elite trader over my shoulder would be nice. To keep the personal attention as tight as possible they've limited the amount of memberships available to under 1,000.

Oh yeah I've gotta' mention this, price point is considerably cheaper than other memberships of equal quality. I checked a bunch out and the cheapest one I could find was $250 a month and content was just okay; nothing fresh or exciting, kind of lame. Forex Brotherhood will run you $150 a month, which may be expensive to some but man, stop and look at it logically:

If you spend the money for a quality membership, you put in the effort and you have the personal coaching/support of the team of elite traders ready and waiting to help, whether you're rockin' autopilot or trading manually, I don't see how you won't consistently make back that $150 a month.

Basically what I do is trade for the first half of the month and if you haven't made the $150 back yet, start talking to the elite traders and asking for help to guarantee you make it back in the last half of that month. Just repeat that for every month and your membership will literally pay for itself and you'll profit even more; I know right, it's a brilliant way to work the system and services they're offering you without doing anything illegal.

Since Forex Brotherhood is a newly released membership site you may think I'm not a member at all and that I have no idea what I'm talking about. To prove that I'm a credible source of information on the topic, click here for a full review of Forex Brotherhood as well as an EXCLUSIVE VIDEO inside the member's area, which was taken by yours truly.

Pattern Breakouts - Introduction to These Fine Forex Trading Opportunities

By Chris Dudley

Pattern breakouts represent excellent opportunities to trade. Why trade a slow range when you can get in at the beginning of a dramatic and surprising movement while the rest of the market catches up? The early bird catches the worm, as they say. Find out more in this article.

Common Patterns

There are many pattern breakouts that you will become familiar with as you experience them but the basic ones to look out for are consolidations, triangles and flags.

Sideways Consolidation

This is when the price just moves in a range. In small time periods, the price will bump up and down happily but never seem to get out of this range.

When the range is reached and instead of the price moving back it actually takes two steps forwards instead, then you have a breakout and usually a dramatic price change will result.

I highly recommend trying to get in early on the action and placing a very tight stop just in case you are wrong on this occasion.

This way you will be best prepared to take advantage of upside whilst minimising your risks to the downside.

Triangles

Triangles are very similar to sideways consolidations. The only difference is that the price appears to converge. Instead of two parallel lines showing the limits of the range, you'll have a triangle and it will look like the oscillations are getting tighter.

Of course, the price will never reach the tip of the triangle and become constant so the great thing about a triangle is that it usually spells an inevitable breakout!

Flags

Picture a price that is trending down. Now imagine that it traces back briefly. It might be a reversal or it could only be a temporary blip.

If it is only a temporary blip, then you know that when it starts to downtrend again, it will do it with violence and catch out those who guessed wrong.

This is a flag. It's called a flag because if you take two parallel lines to denote the range of the temporary false-reversal then it looks like a flag.

Imagine putting in a sell signal at the peak of the flag. You'll definitely get a good price because there will always be traders who think that the trend is up. But instead you'll profit handsomely as it plummets down.a

Want to get more expert knowledge on improving your trading? Get side by side comparisons of the best trading courses and systems at http://www.EliteForexEducation.com

Learning to Trade Forex - 3 Great Tips to Become a Better Trader

By Chris Dudley

Learning to trade forex can sometimes seem like an incredible learning curve. Hundreds of books and websites to choose from so where do you start? Most forex training simply regurgitates the same starting principles. Discover 3 great tips that you need to know to become a better trader.

Discipline, Discipline and Discipline

I mention this three times because it underpins everything that you do as a trader. As you learn different techniques, you must implement them properly. You must not let your emotions get the better of you.

Everything that you do in forex must be logical. If you enter a trade then you must always have a good reason to do so. Never, ever trade without a reason.

You must also know when you will close out the trade. Do you just let the trade go and hope for the best? Of course not! You must have your own rule for when to quit e.g. when the price traces back 10% from a peak, or something similar.

Never rely on your gut or intuition. It is unreliable and one mistake could cost you severely.

Manage Your Bankroll

Never bet everything on one trade. None of us get it right for every trade that we make, we all get it wrong sometimes. If you put everything you have on one trade and lose then you can't live to fight another day.

You must manage your bankroll properly. Only you know how much risk you are prepared to take. Maybe 20% per trade is OK with you but for some people that is still too much risk and they would never go over 5%.

Set a rule and stick to it.

Never Stop Learning

The great thing about forex is that there is always something new to learn, another technique or tip to add to your armory that will help you make more money.

Get into good habits and constantly pick new things. If you form these good habits from the beginning then you will continue to enjoy a lot of success trading forex and most importantly, making a lot of profits.

Discover how to trade forex profitably at http://www.ForexAttitude.com

How to Trade Forex Successfully For Beginners - 3 Money Making Forex Tips

By Chris Dudley

You can trade successfully if you know just a few easy pointers. Don't be worried by the sheer volume of learning material out there - must of it is just rehashed basics. In this article, I want to share with you 3 great tips to a profitable forex future.

Support And Resistance

The price of a currency pair will move up and down and oscillate like the waves on the surface of the sea. When you have a spare hour, just watch one of these charts and see how it moves up and down and get used to it.

Discover for yourself the concept of support and resistance. Price likes to move within a band but eventually it will always break out either on the upside or the downside. See where it goes next and watch as it eventually establishes a new band.

These bands can be horizontal or they can be up or down trends. It only takes an hour of watching to get a really good feel for how this works.

Technical Analysis

You must learn about technical analysis. This is the study of chart patterns. The great thing is that you don't need to know much about it to trade on it profitably.

And in your forex software (register for a demo account if you haven't already), play around with some of the charting tools. You'll see some strange names like RSI, stochastic, MACD etc. that you won't recognise. Don't worry about it but just play with these for now.

You'll notice that most of these tools work by trying to indicate when you should buy and when you should sell.

Economic Calendar

Type "economic calendar" into a search engine and see what announcements are coming up. You'll find that there are regular announcements, mostly on a monthly basis.

Watch what happens to the markets when these announcements are made. They always react.

In fact, just read a list of them. By just becoming familiar with the names, your brain will automatically tune in whenever you see or hear of them in future and you'll automatically have more interest in learning about them and their effects on the market.

Discover how to go from knowing zero to trading profitably at http://www.ForexAttitude.com

How to Trade Forex Like Magic

By Tyler Ziggler

I'm here to how you how to trade forex like magic. There is a lot to this market that make most people feel intimidated. It is the largest market in the world and there are trillions being traded each day, so it is a bit intimidating. Big banks are going to be competing along side you, but the good thing is that you're not competing against others. Most traders are willing to help out each other because we are trying to follow the market and beat it, rather than each other. I've been doing this for a few years now and in that time I learned a lot about what it takes to be successful, so I'm going to show you exactly what you're going to need to do to be successful.

The right broker is the key to learn how to trade forex. There are thousands of them out there and some are high quality and low quality. Others will offer a lot of great features that you as a person need, and others will offer very little of what you want. Finding a broker that meets your needs is important. For me, I need a number to call. They have my money and I just NEED to have someone to talk to because it's my money we're talking about. Other brokers only have email support, which would drive me nuts. It's really up to you to do the proper research to get a broker that meets your needs. I've found that online forex forums are perfect for finding out which brokers are good.

Before you start trading, take the time to use the demo account provided by your broker. This is the only way you can have a simulated trading experience. Experience is really the best way to learn in this market and a demo account allows you to learn the ropes before you actually have to put your own money in the market.

Act now and easily profit in this market with Forex Tracer.

Forex Trading Overview

By Russel Rashid

Forex is a popular type of currency exchange permitting the investors to trade national currencies through the foreign exchange. Based on the Dollar, it is the world's largest market for currency.It is estimated as the total volume of foreign exchange to be in excess of US $ 2,000 billion per day.

This type of trades is generally performed in pairs. The investor always buys one currency at the same time as he/she sells another. Among a number of pairs, four major currency pairs are really important since they see the most market activity. Those four include USD/GBP, GBP/USD, USD/JPY and USD/CHF.

Forex trading is normally performed on the telephone or online. By taking benefit of the Internet, the investor is facilitating himself/herself to make his/her investments in a reliable, safe and easy way. Online trading provides the capability to trade or track investments at anytime from anywhere. Another major advantage is that some online trading sites permit the investor to begin with a small investment (mini account).

Foreign Exchange market is open 24 hours a day, while some hours are much better trading times than others. Use of trading softwaremakes the exchange not simply a great deal easier but also a great deal more profitable. It allows you trade all major global currencies, major crosses and precious metals, 24 hours a day. The software gives you the choice to find yourself the efficient quotes, advantages of narrow spreads, lowest margins and commission.

This article is written for Orient Financial Brokers (OFB) S.L.P. who conducts brokerage in Foreign Exchange, Futures, and Commodities in the Middle East. OFB offers margin rates as low as 1% and available trade sizes as low as USD 10,000 (or equivalent) and as high as USD1 Billion. Clients can trade the major currencies 24 hours a day, with over 300 instruments available.

How to Trade Forex - A Newbie's Guide to Forex

By Peter C Johnson

If you would like to learn how to trade forex, the first thing you need to know is exactly what it is. Forex, short for foreign exchange, is the business of exchanging of one currency for another and making a profit through the process of shifting rates of exchange between the various currency. Foreign exchange is the largest and most liquid financial market worldwide and trades over $3 trillion a day globally.

What does Forex Mean?

Forex is a very wide-ranging term, as it describes business not only between multinational corporations and banks, but also business between governments, currency speculators, commercial companies, and other financial markets and institutions. The global economy of today means that virtually everything financial has something to do with foreign exchange trading. We are all inexorably connected.

What effects the Forex Market?

Foreign exchange trading is by far the most reliable indicator for how things are going in the world, economically, politically, and socially. In addition to being based on the simple rules of supply and demand, forex trading is also affected by international financial conditions such as budget deficits and surpluses, balance of trade levels and trends, inflation levels and trends, and nations' economic growth and economic health.

Foreign exchange trading is also affected by worldwide political conditions such as conflicts and wars and political upheavals or political instability. All these can have varying degrees of effect on foreign exchange trading. Forex trading is also affected by good old market psychology in that if the public has no confidence in the economy, it will likely adversely affect the foreign exchange marketplace.

The importance of a mentor

Someone that wants to get into forex trading first needs to familiarize themselves with the jargon and conventions of forex trading and find a mentor who already knows all about it and is willing to show them what he or she knows. There are of course dozens of online courses available that can show interested parties what they need to know, but they also need to make certain that they don't fall victim to a scam. The best thing they can do is turn to their mentor, he or she can give them perspectives that they will not find anywhere else.

Conclusion

Forex trading is a great way to start making money for yourself and anyone with some ambition can get into it. Today's global market has many facets that can be taken advantage of, and foreign exchange trading is by far the best. If you want to get into foreign exchange trading, all you need to do is proper online research and get acquainted with the difficult language involved so that you completely understand the business you are jumping into.

You can also saddle up to a mentor who can guide you through foreign exchange trading and tell you what you need to avoid and what you need to get involved in. If you want to learn how to trade forex, all really you really need is good business sense, a good head on your shoulders, and some solid resolve-that's all there is to it.

Don't become another forex statistic. You can succeed, where the majority have failed in forex. Learn how to trade forex then arm yourself with the best tools and software available online. Please visit: http://www.forextradingsoftwarereview.com (Visitors receive Best Selling Forex Ebook For Free)