The Forex Market Beginning

By Wan Mohd Hirwani Wan Hussain

The Foreign exchange market is a non-stop cash market where currencies of nations are traded, typically via brokers. Whether you are a forex trader or just curious about forex currency trading, you owe it to yourself to separate the wheat from the chafe. The Internet is awash in foreign exchange currency trading websites whose sole existences are dependent upon ignorant forex investors.

Forex trading is not conducted on a regulated exchange and as a result, there are additional risks associated with forex trading. From get-rich-quick forex software schemes to free forex training, forex educational seminars, free forex signals, forex forums, and more, the fraudulence that surrounds the fx trading market is frightening.

The History

In the past, access to foreign exchange of currencies was limited to banks, hedge funds, major currency dealers and the occasional high net-worth individual. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements.

There is definitely more money to be earned in the Forex market as opposed to the stock market. It is the largest market in the world which more than USD 3 TRILLION dollars in trades per day! That definitely a lot of money and everyone have the opportunity to make money there.

The Trading
When it comes to forex exchanges, you get the benefit of leverage trading that enhances the buying power considerably when compared to other capital markets. There brokers who allow you to trade at a very low margin rate of 0.25%. It enables you to make a smooth entry into the market by depositing a small amount and in return provides you the scope of earning an amount much larger than your initial deposit.

Conclusion

The Forex market is also open twenty-four hours a day since it encompasses the larger markets all over the world. Theoretically, a trader can work all day and all night. There are five major foreign exchange market around the world. A person can be trading on the Paris exchange until they close at which time the New York exchange is just opening up for the day.

WAN MOHD HIRWANI WAN HUSSAIN is an accomplished writer who specializes in debt management. Visit his blog for more information at Forex Trader

FX Trading Strategy - A Proven Strategy to Catch Every Big Move and Target Triple Digit Profits

By Kelly Price

If you want to start trading forex then if you make this method the basis of your FX Trading strategy, you will catch all the big moves and all the big profits. Let's take a look at it and how it could lead you to triple digit gains...

This FX strategy is simply based upon breakouts, which is a timeless strategy for profit which works, will continue to work and is easy to understand.

What is a Breakout?

A breakout is simply a break to new high or low on a forex chart

Why is it so effective?

Almost every big move starts from a new market high or market low or a breakout on the chart. Check any forex chart and you will see this occur again and again.

Why Doesn't Everyone Trade Breakouts Then?

Most traders are looking to buy low or sell high and trying to get perfect market timing, by waiting to buy at bottom or sell at the top and wait for a pullback when a breakout occurs. They miss the moves as once a strong breakout occurs, it tends to continue. The trader who waits is left watching the price disappear over the horizon making thousands of dollars and he's not in.

Buying breakouts is not predicting, it's simply trading the reality of a price change on the chart.

Most traders find this hard, they want always to get in at a low and sell at a high which is not possible and therefore miss these moves. If they would have gone with them they would have made money.

What are the Best Breakouts?

Not all breakouts of course continue and many fail, so you really need to concentrate on the high odds ones which are valid. Generally the valid breakouts are ones which have tested the breakout point at least 3 times, in at least 2 different time frames and the wider they are apart, in terms of time the better.

It's basically the more tests, more times frames and the wider they spaced apart the better and more valid the breakout is.

You need to look for areas the market considers important and if a break occurs and most traders disagree with it, it's likely to be a good one!

The best breakouts only occur a few times in each currency per year - but these are the high odds trades and I know traders who make triple digit gains on them and you can to.

Anything Else?

Yes you should always confirm the breakout with momentum indicators. We don't have time to discuss them here (simply look up our other articles) but these are indicators that gauge the strength of price and you want them supporting any price break.

Use the stochastic and RSI as a good two to look at first. These are visual indicators, easy to use and on every major forex chart service.

What about Stops?

Simple right under the breakout point.

The key to making money though is how you trail your stop.

If it's a big break don't trail to soon wait until the trend is underway and trail outside of daily volatility.

Breakout trading may be simple but it works and most people don't like doing it, don't let that put you off the majority don't win and it works!

All the best currency trading systems are simple and it's a fact simple systems work best, as they are more robust in the face of brutal market movements. If you base your FX Strategy on trading breakouts, you can soon be enjoying currency trading success and targeting triple digit annual gains.

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Forex Trading Success - If You Don't Have the Following in Your FX Strategy You Will Lose

By Kelly Price

If you want to enjoy forex trading strategy you need to have the key component in this article, or you will lose and it's easy to find out if you have it just read on and try and answer the question correctly...

The question is (and you need to answer it with confidence and quickly):

What is your trading edge - why will you succeed when 95% of traders lose?

Simple - but be aware, what most people think is edge is not!

Here are common answers and there a recipe for equity wipe out

- I am going to use a forex robot that has a simulated track record (most have check!)

- I am going to day trade or scalp the market for profits

- I have a system based on science which predicts market movement

- I follow breaking news stories online and act on them

- My broker gives me research

- I am clever and that's my edge

- I trade on instinct and gut feeling

- I have a course form the net from a guru and he's an expert

Think any of the above are an advantage and you're in for a reality check and a swift wipe out of your equity.

The above are not edges at all they are misconceptions about what forex strategy you need to win yet most traders fall for them. A trading edge is something that you have confidence in and that doesn't come from not working, or someone giving you success.

A forex edge comes from an understanding of what you're doing and the right forex education.

Only if you have understanding, will you have confidence and discipline to apply your method for success.

Your edge can be anything you like, no two traders have to have the same edge - but it must be something that sets you apart from the crowd and you can apply, with discipline, to ride out losing periods until you hit a winning streak.

Most traders lack the discipline to execute their trading signals in the market because they don't have confidence in what they are doing and throw in the towel.

You have to lose to win in forex trading and most traders simply don't have the discipline to ride out losing periods but you must otherwise you will never succeed.

So if you want to win learn currency trading the right way, get a simple system you understand and have confidence in and apply it for success.

Yes it does involves you doing work but like any industry (and don't let anyone tell you otherwise) you get out what you put in and no one gives you success - you have to make it happen.

Having said that work smart, do the basics and get a trading edge and you could soon be enjoying 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 Succesful Forex Trading visit our website at: http://www.learncurrencytradingonline.com.

Forex Trading Tips That Can Increase Forex Business

By Mikel Freije

No one on earth can deny when he is offered a chance to become a millionaire. This can be turned into reality only when the stock market makes its debut. But it is always an uncertain thing for a stock market analyzer to expect an ever-increase in the market trends. Market analysts state that the stock market tends to rise or decline based on the activities performed by the investors. But one can always obtain good profits if the analysis of the market is done carefully.

Getting hold of the stock market just before it falls down can make an investor to remain in the safe grounds. But the truth is that there aren't any key or principles that can help an investor to analyze the market's behaviour. But one can always take few safety measures and strategies in order to keep himself from losing his investments.

Fundamental indicators can be your help to analyze the market's behaviour. A valid and efficient indicator can work at all periods in all markets. The indicators help you determine the good entry points into the market including the aspects that determine the best 'sell' and 'buy' positions. Also an indicator helps you to get assured of the changing trends including the resistance and support levels. These trends are nothing but the simple price fluctuations that are predictable but not random.

Though you have good indicators to help you analyze the market's behaviour, you also need a good Forex trading strategy that can well use these Forex indicators in determining the market and making the appropriate calculations about it. A good Forex trading strategy is the key to a successful online currency trading (or Forex trading, in other words). Profit or loss in your Forex business is majorly determined by the strategy that you employ in your Forex trading.

Though there are many Forex trading strategies out there in the market, all of them can be classified into two broader categories. Any Forex trading strategy can either fall under profit maximizing category or under risk minimizing category. Leverage can be considered as the popular form of profit maximizing strategy as it helps an investor to trade in the Forex market with more than what he has in his account. On the other side, stop loss order can be considered as the popular form of risk minimizing strategy. With the help of this strategy, one can limit their losses by imposing limitations on their trading price.

For more information on Forex Currency Trading visit our site: All You Need to Know About Forex Trading Market.

Creating a Forex Trading System

By Arkaitz Arteaga

In the last 5 to 10 years, the forex market has become popular but only 10% of traders have managed to achieve consistent profits. This is because forex traders have chosen not to implement price behaviour into their research. Technical indicators are a part of forex trading systems. This is because they allow the trader to see different facets of price. Technical indicators consist of data points marked on a chart. These marks are from a formula used on the prices of currency pair.

When trading decisions based only on technical indicators are done, they don't tend to give correct results. An example of this is, say there is a MA crossover, which creates a long signal. This happens just as the market reaches a resistance level. There is no reason to take the signal if the price then bounces back of the resistance level. This shows that the market does not want to go up. As well as that, regardless of the MA crossover, the market will continue to fall down. This does not mean that technical indicators are not necessary though, they are an important part of trading. It is recommended, that the combination of technical indicators and pure price action should be used when deciding to trade or not. This will create a higher chance for profit.

Because price behaviour influences how an indicator will act, it should be taken into consideration when it comes to making decisions. Price action is what most results from technical indicators are based around. An example of this is, if the price has gone up enough to make the short period MA crossover the long period MA it creates a long signal. Most beginner traders see this as the MA crossover making the price go up. However, this is not true, when it comes to price action it is the opposite way around, the MA crossover signal happened because the price went up. This is why traders should be aware of price behaviour.

There are two ways in which to create a trading system that is full-proof. Each trader has different wants and needs, which is why there isn't one system that can fit all the traders out there. Thus the trader should create a trading system that suits them best. As well as that, by researching about various trading styles and technical indicators it allows the trader to find a system that suits them best. It is also recommended that from each of the technical indicators chosen, the trader should know exactly how they each work and when to use it in their analysis.

Lastly, the trading system has to have price action included in it. Thus, the trader will only take short signals if the price behaviour tells them the market wants to go down, and long signals if the market wants to go up. After the trader has created their trading system the most crucial part to achieving their full-proof trading system is to follow it rigorously. However, before applying the system into a regular forex account, the trader should test it out with a demo account, where no real money will be lost or gain. Once comfortable the trader can move on to a mini forex account. A mini forex account allows the trader to participate in the market but only with a maximum capital of $15,000. Finally, once being consistently profitable, the trader can create a regular account and use their trading system there

By following the guidelines above, the creation of a full-proof forex trading system, higher rates of return is possible.

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

Win at Forex Trading - Simple Tips to Increase to Help You Make Triple Digit Gains

By Kelly Price

If you are thinking of trading forex or trading already and only making marginal gains, here are some simple tips to increase your profit potential - these tips are all about making more money and there easy to do, here they are...

Learn the 80 - 20 Rule

The Pareto Principle or 80-20 Rule, states that a small number of causes (20%) is responsible for a large percentage (80%) of the effect.

The principle is based on the conclusions of Vilfredo Pareto, who observed that 80% of income in Italy was received by 20% of the Italian population. You often see this in business where 20% of the client base generates 80% of the income.

Of the things you do be it in business or other areas of life, only 20% of what you do really matter in terms of enriching your life.

In forex trading the way to se this is probably 20% of the trades that you take matter 80% are marginal. Many traders simply trade too much cut back you're trading dramatically.

You don't get paid for effort in forex trading you get paid for correct market timing and nothing more. All the people who day trade or always want to be in on the action are wasting their effort on trades that don't matter.

I know traders who focus on high odds trades trade a few times a month and clear 100 - 200% profits annually. They only trade high odds trades and when they do they do this

Hit High Odds Trades Hard

They hit the high odds trades hard risking 10 - 20% of equity on them. You will have probably heard the well worn wisdom risk 1 or 2% but with risk goes reward and you are not going to make much risking a small amount.

If you have been patient waiting for a high odds trade - hit hard the odds favor you! This is not being rash it's the basis of successful speculation.

Don't Diversify

Many traders think they need to diversify to spread risk - well risk is really related to your judgment and spreading them around, won't help you and on a small account, it's not possible to diversify, as you can't risk enough to make a meaningful gain.

Forget diversifying don't dilute a high odds trade with marginal ones just for the sake of it.
Have the courage of your conviction and hit the high odds trades, risk as much as you can and don't dilute the profit potential.

If you operate a long term trend following system based upon the above tips, you can trade in under 30 minutes a day and hit the best trades and trends and make triple digit profits. So concentrate on them and 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 and more on Forex Trading Success visit our website at: http://www.learncurrencytradingonline.com.

Forex Trading Styles - Fundamental Analysis - Technical Analysis

By Arkaitz Arteaga

When starting out in Forex currency trading, there are two basic approaches to analyze the Forex market. These two approaches are Fundamental analysis and Technical analysis. The main elements of these Forex trading styles are explored below.

Technical analysis is the most likely choice for a beginner Forex trader. It focuses on the study of price movement through charts. These charts are used to identify trends and patterns. With this information, they then predict what is most likely to happen in the future, using past events. The theory behind technical analysis is that all market fluctuations is reflected in the currency, thus by examining price action, all trading decisions can be made. Being able to identify trend in the early stages in the key to technical analysis

For example, a basic chart shows the past relationship between any two currencies the investor has chosen. It shows the peaks and troughs in the relationship, and after experience a chart should help the investor predict future currency movements.

Some of the indicators used when applying technical analysis are resistance, support, moving averages, Bollinger bands, trend lines and pivot points. When using price based indicators there are few recommended by traders. They are the relative strength index (RSI), commodity channel index and stochastic oscillator.

If a beginner, this is probably the least likely style to use. Fundamental analysis consists of examining economic, social and political data. They also look at macroeconomic indicators such as inflation rates, economic growth rates and interest rates. The key idea being fundamental analysis is that if a country is doing well, this should also mean their currency is doing well. Most beginners choose not to take on fundamental analysis immediately is because it is a long gruelling process with vast amounts of research to be done. As well as that, an overload on information is possible.

Part of fundamental analysis is examining anything that can affect the currency of a country. For example, news coverage, GDP (Gross Domestic Product) changes, political events, inflation predictions, current events, government reports, retail price data, current events and changes in interest rates.

The impact of economic conditions in a country can affect the value of their currency. For example, government budget deficits or surpluses. The market can react negatively to government deficits whereas the market reacts positively to government surpluses. Another economic condition that can affect a country's currency is trade. For example, if the trade flow for a country suddenly reduces, it can have negative effect on the currency of that country. Analyzing and trading currencies based on fundamental analysis is only good for a long term currency investor.

Market psychology and trader perceptions can influence the market in a variety of ways. This article has explained the differences in the two forex trading styles available, choosing which is best for the trader, is up to their wants and needs.

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

Choosing the Right Forex Broker

By Ruth Hazlett

It's almost impossible to invest all of your time and energy in the foreign exchange market, but at the same time, you want to learn how to trade and increase your personal equity by participating in this profitable market. For that reason, getting the assistance of a forex broker is a good starting point because these are full-time professionals who can offer you advice and handle the trading process for you.

It is important to choose a forex broker you can trust because large amounts of money is involved. So to prevent yourself from unnecessary fraud and scams, it is important that you check out your forex broker before investing any serious money into a live trading account.

There are many individuals who claim they can help you leverage your money by helping you trade in the forex market. Many of them claim to be experts, but in reality, most may not be skilled enough to make those actual claims. Basically, they just have a good software program and system in place to automate the client's trading process.

Here are some simple tips to help you avoid fraud:

1. Reviews - Try searching online for reviews on the particular firm you plan to use. If the broker you're interested in claims to be a professional, chances are other people will give good feedback about them.

2. Customer Support - If something goes wrong for some reason and getting support is crucial, you don't want to wait to long because that could mean the difference between a profit or a loss. You should always be able to reach support whenever you need it. This is especially true in the forex market.

3. Testimonial & Feedback - Search for feedback and find out what other traders are saying about this broker. If possible, try contacting some of the individuals that's given testimonies to verify that these are real testimonials. Anyone can put fake feedback on a website about how wonderful their service is.

4. Security - Your privacy and the security of personal data should be their first priority, because most of your trading will be done online. To prevent your private data from being stolen, always make sure the website has at least an SSL certificate.

5. Company Background - You should always check the broker company background to make sure they're easy to contact, but more importantly that they are a legitimate company. In the forex market, communication by email only is just not good enough.

6. Forex Trading Account - Most brokers offer a free trading account that you can try out until you're ready to do live trading. I suggest you do this initially to learn the system. This is an important step to take until you are sure you know what you're doing. When you're ready to go live, make sure that their minimum deposit is within your budget. Double check the firm to make sure it's genuine and legitimate.

7. Software Functionality - Make sure you invest in the best trading software possible. No one wants a slow forex trading system that freezes when you're taking certain actions. Make sure the platform is reliable and user friendly.

8. Commission & Spread - Since most forex brokers usually make their profits through speads, they normally will not charge a commission. It is your duty to calculate the rates they charge and always ask to make sure whether they will be based on variable or fixed rates.

9. Safe Handling Funds - Make sure that your broker is regulated or registered and offers protection against fraud. Ask about their protection policy and what would happen if the broker's company went bankrupt or suddenly disappeared.

10. Execution Of Trades - Familiarize yourself with their trading platform to find out if it offers the features you want. Confirm with your broker the speed of the execution, whether the trades are off set and find out if it will be a manual or automatic process.

Buying and selling in the foreign exchange market is a game of speed. Having a good broker could mean the difference between profit or loss. By taking the time to learn and checking the security measures involved, you will minimize your risk. Making money in the forex market can be fun and profitable. Save yourself a lot of time and frustration by utilizing some of tips presented here.

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Best Times to Trade on the Forex Market

By George Knoechel

Many Forex traders (especially the newer traders) do not realize that there are good and bad times to trade on the currency market. Yes, the currency market is open twenty-four hours a day but there are certain times that are the best and it is dependent on the currency that you are are referring to.

Let's take a deeper look into this matter:

What we are looking for is reliable and effective trade setups in each currency. We want to pay particular attention to the sessions involving the U. S., Asian and European currencies. Why is it important to pay attention to the times of certain currencies? Because there is a time in which more traders are flooding the markets and there is also a time when there is less liquidity due to less traders on that specific market. I strongly advise staying out of the Forex market of that currency when the trading range is really narrow or sideways.

Sydney, Australia: Trade from 2200 to 0500

Tokyo, Japan: Trade from 2300 to 0600

Frankfurt, Germany: Trade from 0600 to 1300

London, England: Trade from 0700 to 1400

New York, U.S.: Trade from 0800 to 1500

This has been a basic overview of the best times to trade on the Forex market. If you are looking for a way to improve your Forex trading on a consistent basis, I strongly recommend that you get your hands on a reliable and effective trading software program. I have included a link to the three most popular and effective programs that provide trading signals.

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The Importance of Trading on a Forex Demo Account

By John J Callingham

A Forex demo account is essentially a practice account allowing investors to use "paper credits" in place of real money when making their trades on the foreign exchange market. In recent years, demo accounts have gained immense popularity following the increased interest towards Forex trading as a form of financial investment. To understand the rise of this phenomenon, it is necessary to examine the importance of trading on a Forex demo account.

To start things off a little, it is important to understand that the business of Forex trading is in essence a form of financial investment. Treating the Forex market as a casino would ultimately result in horrifying consequences as losses in Forex trading can be massive.

Thus, it is important for the would-be investor to first acquire a firm grounding in financial literacy. This would entail having a firm grasp of the various types of investment concepts such as technical analysis and fundamental analysis. Yet, theory without practice is often useless, which is where the importance of trading on a demo account kicks in place.

A Forex demo account would allow novice investors to familiarize themselves with an online trading platform. Direct entry into actual trade can be pretty much daunting given the plethora of tools on modern day online Forex trading platforms. Worse still, wrong decisions may be made resulting in potential losses.

In comparison, a Forex demo account would allow the novice investor to learn the basic functions of an online trading account such as placing the buy/sell order, the stop loss order and the profit limit function. Knowledge of when to use these features of an online Forex trading platform is invaluable in guiding you to the path of success in Forex trading.

Moreover, a demo account would allow investors to put theory into practice. What this means here is that the investor would be able to apply knowledge acquired through Forex investment books in practical fashion without the fear of making actual losses. This is extremely important to novice investors as it would allow them to learn the ropes to Forex trading, allowing them to critically evaluate their various trading strategies before they make their first real trades with money.

While many have criticized the lack of realism with the use of paper credits, a demo account is by far the best way for novice investors to learn the ropes of Forex trading before they dive into the actual market.

Forex demo accounts also provide the seasoned investor with a useful platform to put untried trading strategies into practice. Wish to make a modification to your current trading strategies but unsure of its effects? Try things out on your demo account before you proceed into the actual market. You would be able to evaluate the results of your decisions from a safe distance, sans the possibilities of making any actual losses. Many veteran investors today make use of Forex demo accounts as a means to refine their trading strategies for even greater investing success in the future.

In short, it is important to trade on a Forex demo account. Whether you are a novice investor or a battle-hardened veteran, there is much to be gained in terms of practical knowledge and investing experience.

Click Here to get Free access to the secret Forex Trading newsletter. John Callingham is an authority on Forex Trading, providing valuable advice on how you can learn about Forex Currency Trading

3 Excellent Benefits of Foreign Currency Exchange Trading

By John J Callingham

Trade volume in foreign currency exchange trading has increased dramatically in recent years. Following the widespread adoption of the internet as a communication device, turnover in trade has exceeded more than $3.2 trillion each day. Yet, to attribute this dramatic increase in trade volume solely to the internet would simply downplay the inherent benefits that traders enjoy through the business of trading foreign currency. The fact is foreign currency exchange trading has many benefits as compared to other financial products such as stocks and bonds. We list 3 excellent benefits of foreign currency exchange trading for your consideration.

Key Forex Benefit #1- Recession Resistant

One of the key advantages foreign exchange traders enjoy lies within their insulation to recessions. While other financial products such as stocks are extremely vulnerable to recessionary pressures, the foreign exchange market is relatively immune towards such a downside.

This is due to the fact that the dollar can always be traded for or against other currency in the foreign exchange market. What this means is that the average trader would be able to tweak his investment strategy easily in accordance to general market conditions.

This gives him the ability to possibly profit even in the event of a recession if he plays his cards right. This contrasts greatly to the stock market where a recession would generally result in a broad market decline of the prices of various stocks.

Key Forex Benefit #2- Liquid Investment

Moreover, the foreign exchange market has the advantage of being extremely liquid. What this means is that investors would be able to withdraw from their investments at any point in time relatively easily.

This is due to the fact that the foreign exchange market has a global market, which means searching for a buyer to purchase a particular currency which you are interested to sell is usually not a big problem.

In contrast, bonds are usually highly illiquid despite their generally secure nature. In most cases, bondholders would have to wait till the maturity date of their bonds before they are allowed to withdraw their investments. This may be a problem should the individual require a sum of money to tide him past any unexpected emergencies.

Key Forex Benefit #3- Convenience

Last of all, foreign currency exchange trading is extremely convenient. Organized as an over-the-counter market, foreign exchange traders from all over the world are brought into contact each day via the internet. This means that traders would be able to trade with one another 24 hours a day, five days a week.

With no closing hours except on weekends, such an advantage would allow people who hold day jobs to be able to participate in foreign exchange trade after office hours. This provides greater flexibility as individuals would be able to focus on their work while yet being able to earn a supplementary income in their free time.

As a whole, there are many advantages associated with foreign currency exchange trading. While we have mentioned 3 excellent benefits of foreign currency exchange trading, these are by no means exhaustive. Such benefits are perhaps the main reason explaining the explosive growth in trade volume in the foreign exchange market in recent years.

Click Here to get Free access to the secret Forex Trading newsletter. John Callingham is an authority on Forex Trading, providing valuable advice on how you can learn about Forex Currency Trading

The 3 Most Profitable Forex Charts

By Veronica Anglin

A basic understanding of technical analysis can propel the novice FOREX trader from a micro account to the big leagues in record time, and it really isn't that difficult to master once you comprehend the basics. At first glance all these charts and acronyms can seem daunting and can quickly scare the average novice trader away, but it's really not as complicated as it looks. Let's take a look at the three most popular FOREX charts out there right now.

The Line Chart.

This is the kind of chart that even non-traders are familiar with. It plots closing prices from one day to the next and connects the two points with a line, forming a jagged line with peaks and valleys from left to right. The general trend of a currency pair is very easy to identify as the price will either trend up, down, or remain relatively stagnant.

The Bar Chart.

The bar chart is a glorified line chart that not only shows the closing price, but also shows the opening price that day and also the high and low that the currency pair reached that day. Picture a vertical line, with the top point of the line representing the high price traded that day, and the bottom of the line indicating the low price traded that day. Each vertical line also has a horizontal line on the left side that indicates the opening price that day, and a horizontal line on the right side that represents the closing price that day. This FOREX chart is particularly useful as it's easy to identify the long term trend of a currency pair while also seeing what kind of daily variation it typically experiences.

You'll often see bar charts referred to as "OHLC" charts - Open, High, Low, and Close, for the reasons explained above.

The Candlestick Chart.

Candlestick charts are probably the most popular type of FOREX chart used by professional FOREX traders. It combines the best elements of the line chart and bar chart and adds its own unique twist. A candlestick has a vertical line, just like the bar chart, but instead of having horizontal lines on either side that represent the open and close prices it has a rectangular box in the middle of the vertical line. The inside of this box is typically white if the price closed higher than it opened, and black if the price closed lower than it opened, although you'll see various color schemes used from site to site.

Candlestick charts don't contain any extra information than a bar chart, but visually they're much easier to understand at a quick glance. You'll find that you'll be able to identify trends much quicker and recognize market reversals much easier than if you were using a bar chart.

As candlestick charts tend to be the most popular of the FOREX charts you'll find that there tends to be a lot more information available online about them, including information on candlestick patterns. These patterns have been tweaked many times over and are very handy in identifying emerging trends in a currency or stock, and it's highly recommended that you familiarize yourself with some of the more well known candlestick patterns if you want to realize some serious profits in FOREX trading.

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Do You Really Know About Online Trading?

By Joshua Geralds

About Online Trading

The internet has changed the way we live our lives. One of the biggest changes is that we are now able to communicate with each other 24 hours a day, 7 days a week and 365 days a year. A few years ago, trading had to be done during the daylight hours. With the introduction of new laws and technology we are now able to trade anytime of the day!

Some of the more common activities of online trading are stocks, futures, forex and option trading. Previously you would have to give your broker a call or write a memo before any trade could be done. So a lot of good trades were missed out. Also brokers would have minimum sums to trade. Retail traders suffered a huge profit loss due to that.

Now all brokers offer some sort of online trading to their clients. Due to that the costs of trading has also gone down substantially!

Though if you are new to the world of trading, a word of caution. Before you jump in and get your feet wet, which will most likely result in you losing money, I would suggest that you obtain a trading education first.

There are a lot of good sites that can offer you free tutorials on how to trade, the basic of trading and there are also loads of forums that give away free information.

But you know what they say about free information...it often is too good to be true. I would suggest that you invest in your own education. Learn as much as possible, but don't let learning be an obstacle to your trading activities.

Online trading has given retail traders like us a breath of fresh air. Now the whole market scene has changed and the little guys, you and I can play the field with the "big boys" without fear of losing out.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. For a limited time get his free Money Management to a Million Dollars e-course here: http://www.pipsalot.com

Forex Mini Trading - Can it Make You Rich?

By Jim Buhs

Forex mini trading is the perfect beginning to learn how to trade forex. It seems that everybody who starts to trade forex always sees and hears about these traders who have come from being dirt poor to being millionaires in just a span of a month. Now, I'm not saying that's impossible, but it is a little hard to swallow. The problem is many new traders believe that kind of hype, and go on to destroy their account in less than a week. Forex mini trading is the perfect remedy for that.

Usually two things happen when a person first starts to trade forex. Like, the example above, they hear so many success stories, that they think it can instantly happen to them. So they completely over leverage themselves. They put $2,000 in their account and trade using full lot sizes and wonder what happened to their money?

The other scenario is when people over demo. Demo trading should really not be a long term plan. You should try it out, get used the trading system, check for its accuracy and then start trading for real.

There is NO WAY demo trading can simulate trading with real money. Things like money management, psychology, how you handle stress cannot be taken account if your not playing for real money. How many times do you hear about a person who made hundreds if not thousands of pips on their demo account, only to trade miserably when they open a real account? There is a reason for it.

Forex mini trading is the perfect solution for that. It teaches a trader about money management because you are playing with real money but its not enough money that causes undue stress (at least it shouldn't). You really feel like you're in the market with all the big boys but without as much at stake.

So to answer the question of whether forex mini trading will make you rich or not? By itself, probably not. But it gives you two important lessons that every successful trader must learn: Money Management and How to Handle Stress. Frankly I don't know any millionaire traders who do not possess these critical traits.

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. Click here to find out what he used to trade price action.

Forex Trading - Why You Should Work on Your Money Management Skills to Be a Successful Trader

By Dylan Jonathan

Why money management is is so darn important in forex trading? Because, we, my friend, are in the business of making money, and in order to make money, we need to learn to manage our money.

As a seasoned forex trader, I advice all who would like to venture into Forex Trading, should focus first and foremost on money management. Believe it or not, most beginners are looking for that one trade that could make them rich.

They are looking for that jackpot trade. And because of that, they overlooked money management. They did not calculated and reconsider the aspect of their capital, risk/reward ratio and so on. All they did was push the trade button and hoping for a jackpot.

This is why 95% of beginners fail to make money and had a margin call on their account. Forex is a business, and like all business you should focus on money management. Learning to manage your money in forex can and will profit you in the long run.

Learn how to calculate risk/reward ratio, calculate how much losses in a row your capital can take before a margin call, obey your stop loss, and don't hang on a losing battle. If you can do this and implement it in your trading system, then you will be guaranteed to be successful in forex trading.

If you find it difficult to do the calculations mentioned above, then I advice looking for a proven automated forex trading system, most of this system has been design around money management, and have been consistent in making profit and also managed losses.

Most automated trading system is not as consistent, but still better than trading without money management. It is advisable for you to test out a system first before using your real money. To view the most consistent and proven automated forex trading system all you need to do is click here.

How to Trade Forex the Easy Way

By Bill Gatton

How to trade forex is far more simple than you might think. Chances are, you may have already traded forex without even realizing it. If you ever went away on a vacation to a foreign country and exchanged your home currency for the local money, then you made a forex transaction. It is as basic as that. However, some say the forex markets are akin to the game of chess. The rules and moves are basic, however it can take a lifetime to master.

When you seek to profit from the forex markets it entails buying a given foreign currency for one price and selling it at a higher price. For those currencies you think will fall it is able to sell it first at a higher price then buy it back at a lower price. One is able to trade any currency independent of the direction you think it might go. Some trades can be crafted to capture movement of several different currencies or alternatively use the movement of one currency to trigger purchasing another.

Some strategies can prove complex and difficult to execute. Fortunately, there are now forex trading robots which can carry out your strategy flawlessly. It used to be that a forex trader had to be in front of their computer for long stretches of time. This lends to a freedom of lifestyle with the trader able to spend more time with family or on other pursuits. A robot can be your proxy going into battle with its predetermined mission.

The first step towards profiting on the forex markets is to open a forex brokerage account. There are many options in today's market. There are also good independent review sites which give the pros and cons of each broker. It is important to ensure you are not paying exorbitant fees. Speed of execution and site reliability are also important factors to consider.

Most forex accounts today come with a practice mode. You should definitely select one with this feature. This enables you to test your proposed strategy without risking any of your bankroll. It is far better to experience any initial losses in practice mode then tweak your formula accordingly before engaging in real trading. Smart traders both back test as well as examine their strategies in real time market conditions.

Once you have selected a forex brokerage account the next step is to select your trading software. Some traders attempt to trade on their own. This often devolves to guesswork and arbitrary trading decisions. Occasionally traders do get lucky going this route. However, without the assistance of sophisticated software one is put at a serious disadvantage in today's markets.

A forex autopilot robot can make you a stronger trader in several respects. Firstly, it excises emotions and prevents you from acting out of fear or greed as opposed to objective underlying trading facts. It also ensures you stick to your risk limits never overexposing yourself on any one trade. The human mind can be a forex trader's worst enemy. A robot's mind can be their best friend.

You'll quickly find out how to trade forex is quite easy. After you select your brokerage account the most important step is securing the right software. With a forex robot at your behest you won't go into battle alone. Sophisticated software can often level the playing field between new traders and lifelong forex participants.

Learning how to trade forex never became any easier than this. For more please visit this forex review.

Top 10 Things to Do to Have Forex Trading Success

By Jim Buhs

Here are the top 10 things to do to have forex trading success:

1) Get rid of your indicators - They are just getting in the way. If you are able to trade just using price action, you are way ahead of the curve.

2) Understand money management - you could have the greatest trading system in the world, but it wouldn't mean much if your constantly over leveraging your account. Remember, it's a marathon, not a race. You won't be a millionaire overnight, so there is no reason to risk that much.

3) Don't stay on demos too long - It's normal to trade on demos when you are first starting out. But you've got to cut the chord quickly. Trading with fake money cannot prepare you what its like when you're trading for real. There are emotions involved when real money at stake.

4) Control your emotions - Nothing can destroy an account faster than emotions. If every single trade causes anxiety. You have to learn to relax and take a deep breath. You won't make it far in trading, if you're constantly having panic attacks.

5) Start off small. Do some mini trading - Once you got the demo trading out of your system, start off trading on a mini account. Chances are you aren't quite ready to play full lots (both financially and emotionally).

6) Don't trade with more than 200:1 margin - Margin is the livelihood of any forex account. Anything over 200:1 can destroy an account quickly.

7) Stay away from forex EAs and trading robots - Until we live in a day where trading robots can comprehend economic news like interest rate decisions and trade accordingly, you're better off learning to trade for yourself.

8) Prepare for news - There is always news happening every single day in the world. You have to be prepared. Know what analysts are expecting and what happens if actual results don't match expectations.

9) Be prepared to trade a 24 hour market - For former stock traders, it takes some getting used to. With stocks, your day is over at 4 pm EST. With forex, you may have to babysit trades from dusk to dawn.

10) Enjoy what you are doing - There's is no point in trading forex, if you're going to be miserable. If you feel like you're just going through the motions, then forex trading may not be for you.

Jim Buhs has been a successful forex trader after learning how to trade price action. He was able to have forex trading success after he cleaned his charts of indicators, and his profits soared. Click here to find out how what he used to trade price action.

Currency Swing Trading - Why Novices Can Build Big Profits With This Method

By Kelly Price

Currency swing trading is the perfect method for a novice to use because it overcomes the main barrier that most traders have when trying to achieve currency trading success...

It overcomes the problem of discipline. Most traders lack discipline and it's the big difference between success and failure and swing trading requires very little as profits and losses come quickly. It also overcomes the impatience of most traders who like to trade.

Before we continue you might say well, forex day trading requires even less because the moves are shorter but the problem you have with day trading is it simply doesn't work.

Why?

Because all moves within a day are random and you can never get the odds on your side and you will eventually lose.

You get a lot of vendors telling you that you can make money day trading but look at their track records - there all simulations in hindsight and that means nothing.

Swing trading is easier than long term trend following from both a discipline point of view and a patience point of view but can be just as profitable.

You're Aim

You are looking for reactions within the major trends when prices get over bought and oversold and trading into these levels and a swing trading based upon the following will work.

You simply need to use trend lines and Bollinger Bands - the latter tells you the volatility and is a great tool. Check our other articles for more details. When prices become overbought and oversold and testing resistance or support you have a potential trade.

Confirm the Move

Before it gets to this level you need to check the strength of price it should weaken into resistance and strengthen into support ( never guess always wait for confirmation), you check the strength of price with momentum oscillators and two great ones to use are the stochastic and RSI.

You're Stop

If they support your view you trade and your stop goes behind the support or resistance level tested.

Hit and Run

You should take your profit early and not trail a stop and your profit should be taken in when the price moves toward the next level of support or resistance. Currency swing trading profits disappear quickly, so you simply take them early or "hit and run and bank"

Simple but Effective

Now the above is a simple currency swing trading system I have used for 20 years or so and it's worked well for me and can for you and you can pile up triple digit profits. Don't be put off by its simplicity all the best systems are and this means they are robust with fewer elements to break.

You can learn to swing trade in a week or so and it will take you less than 30 minutes to apply. It's fun, exciting and can and does make big profits - try swing trading and you maybe glad you did.

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 Swing Trading visit our website at: http://www.learncurrencytradingonline.com.

Courses in Currency Trading - Finding the Right Ones to Lead You to Success

By Kelly Price

There are some great currency trading courses that can give you a head start in your quest for profits and here we will look at the criteria you should use for finding one which can help you achieve the success you desire...

First, many courses make huge claims and have systems that are supposed to give you huge regular profits so ignore any forex robot course or trading signal course that carries this disclaimer.

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Most of these currency trading courses have no chance of teaching you anything and the fact that they present a track record and then put the above warning on gives currency trading a bad name.

Now look for the following:

A Specific Currency Trading Strategy

You don't need to know currency trading basics, you can get all that for free online you want something that will give you a trading edge and enable you to enter the 5% of winners.

Ignore any course that claims you will learn to do the following:

- Learn secrets - a contradiction in terms as if everyone knows them they can't be secrets!

- Predict market moves - You cant predict you trade reality

- Day trading courses - day trading simply doesn't work so don't try

- Scientific theories - Don't work, if there was a scientific theory of market movement, we would all know the answer in advance and there would be no market!

Look for a sensible, odds based trading system which either long term trend follows, or swing trades.

Forex trading is not an area you get success with no effort and you can't follow anyone to success.

You need to learn what you are taught - only then will you be able to apply your currency trading system with discipline and this is the key to trading success.

Look for unlimited email support and check that the retailer of the course is a trader. You can test this by simply asking some questions before you buy and see what response you get and how quick it is.

Finally look for a money back guarantee in full - if you are not satisfied.

Choosing a currency trading course is really common sense.

Ignore the hype and get one which will give you a solid grounding in the subject, plenty if support and a trading edge, you can learn and apply for big trading 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 Courses in Currency Trading visit our website at: http://www.learncurrencytradingonline.com.

The Forex Mini-Account

By Arkaitz Arteaga

It is often a misperception that Forex trading requires a large investment. This is one of the reasons that a lot of traders do not enter the Forex market, and stay in other markets like trading stocks. However this is not the case. Forex traders are able to trade by opening a mini account.

Advantages of a Forex Mini-Account

Low Capital Required Forex Mini Accounts require only $300 to start. This is very fair as most traders trade figures much lager than this. There are very few investments people can get into with just $300. Prospects in Forex are also very good and most people can turn profits within short time frames.

High Leverage In the stock market if you own $1000 dollars worth of share then you generally can get around $500 to $750 for leverage. These are optimistic figures. In the Forex market due to the liquidity of currency a trader can get up to 100:1 leverage. If you pay the small margin of deposit ($50 per lot) your mini account can serve as a very lucrative trading vehicle.

Pips One pip equals to $1. Owners of Forex mini accounts can trade in Pips as opposed to dollars. This is in an effort to scale down the risk. This lower denomination allows traders with lower capital more flexibility in exploring many more opportunities in trading Forex. This also allows low-capital traders to diversify their portfolio more to reduce the risk of loss as it will be more spread out. For example a 30 pip floating loss equates to around $30. So if the trader has a 30 pip move against the other direction in their $100,000 mini account it translates to a $30 floating loss.

Smaller Trading Size Standard Forex accounts contract sizes are 100,000 units. Whereas, a mini Forex account allows traders to trade in 10,000 units. The smaller trade size allows traders to trade live but with less risk. This is also ideal for those with smaller capital or those who are risk-averse. It is also ideal for beginners who are not yet confident in their abilities and want to test the market with smaller trades. As traders advance and become more confident they can increase they're lot size to 20,000 units.

Another hidden benefit of trading with a Forex Mini Account is for a trader to become familiar with the procedures and the environment of the Forex trading system. The software used for the mini account is similar to the regular account and has all the same functions.

Forex mini accounts are ideal for traders who are trading less then $10,000 as it allows them more trading opportunities. If they were to open a regular account it is very likely that they're entire capital can get stuck into one trade. It is a less risky alternative ideal for those new to the Forex market

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

The Real Secret to Day Trading Forex Currency

By Jim Buhs

You want to know the real secret to day trading forex currency? Well, here it is: Confidence and understanding of the market. There you go. There's your real holy grail. If you can accomplish these two feats then you can write your own paycheck. Happy? Ok, so you probably need a little more information. Fine. Here it is:

Confidence! I cannot begin to tell you how many forex traders in the world are having anxiety attacks watching their trades just as I am typing. If you can't handle a trade or trading or in general, then don't do it. You'll never have success day trading forex currency if you are watching every pip move like it's life or death. Emotions can destroy a trader. A trader's fear can cause him/her to hold a trade even though the obvious trend is going against them. It could also have the adverse effect in which a trader closes a trade WAY too early because he's afraid to hold it, even though all the signs are pointing in the right direction.

I could give you the greatest trading system in the world, but it won't do you much good if you don't have any confidence in trading it.

The understanding of the market goes hand in hand with the confidence. When I say understand, I mean just that: Understand what you are looking at. Don't be like everybody else who has to use indicators to tell them what the market is doing. Does anybody understand what these indicators even mean? Can you honestly tell me what using an MACD Divergence does? It's colorful and its pretty on a chart, but what does that have to do with the tea in China? Take the time to understand the underlying causes of price and market movement.

Take off the indicators on your charts and see if you notice some repeated patterns. If you can start to see them then you can be ahead of the other 95% of forex traders who end up losing money on the markets. After all how can you have confidence day trading forex currency if you have no idea what you are looking at.

Jim Buhs has been a successful forex trader after learning how to trade price action. He was able to have forex trading success after he cleaned his charts of indicators, and his profits soared. Click here to find out how what he used to trade price action.

Here is Some Real Forex Trading Education - You Will Probably Fail

By Jim Buhs

If you're still new to trading forex, then here is a bit of free forex trading education for you. If you start trading forex, you will probably fail. This isn't just me being negative, its an actual fact. The fact is 95 percent of forex traders end up crashing their accounts. How is that possible? Is trading forex really that hard? The sad thing is that "no, it's not that hard to trade forex." It is hard if you're just doing what the other 95 percent of people are doing.

You see, most people that get into forex trading do so, because they love the idea of being your own boss, working from home, making tons of money, irregardless of the economy. Who wouldn't like these things? After all that's why I decided to to trade forex. But the problem is (I learned this the hard way) that most don't want to take the time to truly learn the forex market.

Just think about this. What is the first thing a newbie trader does when they first start to learn to trade? They go on forex forums and read about using lagging indicators to trade. They instantly cover their charts with these indicators, and off they go. What kind of forex trading education is that? And, just like that, they are part of the 95%.

If trading was as easy as slapping some indicators on a chart, how come we're not all millionaires? Because nobody has the slightest clue what any of these indicators actually mean. We understand their rules and how to trade them, but as far as what they mean to the market, nobody knows.

The moment people realize that they don't need all this garbage, is the day when traders will realize that a person with $5000 in his account has as much chance of succeeding as the banks who have millions or billions of dollars at their disposal.

Jim Buhs has been a successful forex trader after learning how to trade price action. He was able to have forex trading success after he cleaned his charts of indicators, and his profits soared. Click here to find out how what he used to trade price action.

Betting the Spread - Forex Trading Versus Spread Betting

By Benjamin Street

The fundamental process of any kind of trading regime is to buy low and sell high. The difference between high and low prices on the commodity sold is called the "spread". Forex trading measures this spread in pips, and like any trading system, you're making a bet that the spread will change in the direction you desire.

All of this sounds well and good - and sounds downright lucrative when you realize that 1.7 trillion dollars are moved on the foreign exchange bourses every day. However, there's a catch. Trying to track individual trades for millions of investors would overwhelm the system, so, just like stocks have brokers, foreign exchanges have brokers as well.

Brokers aren't all bad - but there are fees for using them. The primary benefit of a broker is that you can leverage your positions; the broker has the assets to magnify your purchase; typical leverage ratios are 5:1 and 10:1, with some brokers going as high as 20:1, and a few wild cards going as high as 100:1. What this means is that for every dollar you invest, the broker matches with cash reserves at 5:1, 10:1 and so on.

This magnifies the amount of money you make when you pick right; it also magnifies the amount of money you can lose if you pick wrong, and no matter what you pick, the broker gets interest revenue off of fronting you the loan, taken out of your sale order.

The spread on currencies is measured in ten thousands of a unit of currency, and is based on the exchange rate. If you're buying Euros at $1.4527, that means each Euro costs you $1.4527. If the Euro goes up to $1.4900, you've earned about 2.4 cents on each dollar that was put in, multiplied by whatever your leverage ratio was. If the Euro drops in value, you've lost some money - plus the interest on the position you took.

This is a gambler's way to make money, but there are boundary conditions on the risk. First and foremost, unlike stocks (or subprime mortgages), a first world currency in a currency pair will never be written down to zero. In short, you'll own all the currency even in its devalued state.

The drawback of doing spread betting through forex is that you're tied to your screen nearly every hour, seven days a week. You'll need to hone your on hunches as you sift through reams of data each day, trying to find a pair that's moving in the right direction, and it is work. No matter what someone says, this is not an "automatic road to riches" - this is a high paying, high hours job, but it is, in fact, a job.

(There are benefits to automation - but those automation benefits are tied towards giving you accurate information and setting up stop losses. Anyone who tells you that a forex trading account can "run itself" is after your wallet and playing to your ignorance).

An alternative forex strategy is to buy and hold for a position, rather than trying to handle the vagaries of the various closing times and restructuring your sleep schedule around them. This is known as taking a long term hedge; you're betting that long term trends will move the second currency in a pair higher, like buying Euros in 2003 (when they were $0.80) just after the war in Iraq. Wars tend to make investors move their funds to different currencies, because nothing drives inflationary pricing and currency devaluation like a war. This sort of investing still takes effort, but it ceases to be a long day to day grind that has you up at 3 in the morning.

Now that you have found out what you you should be doing, go to Forex Killer to discover why it's so easy to create 10's of thousands of dollars by trading forex with the very best cutting edge information available!

How to Trade Forex? - Excellent Techniques to Use in Forex Trading

By Fred Jay

I would like to take the opportunity to share with you some excellent techniques that you can use in currency trading. There is no doubt that trading in currencies is a profitable way to earn income while staying in the comfort of your own home. Think of the costs involved in keeping your day job (fuel, wear and tear of your vehicle, etc.) and the valuable time you spend in traffic jams. You don't have to think about all these when you are engaged in currency trading at home.

Bad trades are as inevitable as good trades. They are as certain as the sun rises in the east and sets on the west. So chill out, let it go. You will have bad trades as others will have them too - probably even worse than you have. One thing you need to learn is to let go. The moment a trade ends, so should all your thoughts about it. Don't be like many people who get consumed by emotions resulting from bad trades, losing focus, and consequently making even worse trades. Bad trades = lost profits.

When you are engaged in the currency business, gut feelings may come into play and, at some time, you think they would work good for you. But never ever base your decisions on that. Technicals - these are what you should base your decisions on. There may be a lot of times that you feel a decision is right doing, that you have a gut feeling that it was right to make this or that decision. Never fall for this weakness, because you would be making a decision based purely on subjective factors. Decide on the merits of available technical information.

Do you want the very best forex software? 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 I bought. Just Imagine if you purchase a couple profitable softwares! You have to be very careful when purchasing a software though. Some of the software's 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.

Utilize Online Resources to Help You Become a Successful Forex Trader

By Andrew McNaught

As with almost anything concerned with making money, searching the Internet for Forex will give you a wealth of information. Some of this information can be very useful while some of it very dubious in nature. Be sure not to pay over the odds for a training course or trading software. Many sites offer a very convincing case for you to spend several thousand dollars in their trading software that will mean you cannot lose. I would certainly avoid this kind of offer and concentrate on learning everything you can to learn how to trade yourself.

If you are just starting out with Forex you are probably quite excited but be sure not to jump straight in but rather to do some research and find a site that offers the things you need most. The most important consideration is to find a site that has up to date research tools. A site with live streaming, daily commentary along with plenty of charts and graphs can be very useful. They may also offer web courses to help you build up a foundation of knowledge. As I mentioned before though, be aware of paying a lot of money for supposed "gold-dust" information.

Trading the Forex is something that can put you at risk of losing a fair amount of your hard earned money. For this reason, you should strongly consider the costs involved with joining a site. The fee structure of Forex sites usually involves paying a monthly subscription to enable you to use the site's resources.

The best sites available will involve you having to pay some amount of money to use them and you should definitely consider doing this. The Forex market is very competitive and all the top investors will be using the best, most up to date information so you need to be using it as well to allow you to be successful.

Andrew McNaught is a successful webmaster and publisher of Finance Central where you can get learn more about trading forex.

Electronic Currency Trading - an Opportunity For Wealth For All

By Kelly Price

Electronic currency trading has bought the vast potential of this market to anyone with an internet connection and a computer and some small seed capital. Here we will look at how anyone can learn to trade currencies and enjoy success if they follow some basic guidelines.

The first point to make is that over 95% of traders who try electronic currency trading lose their money and the reason is they either get the wrong education or do not have the mindset for success. So what do you have to do to be successful?

First let's take a look at the advantages trading currency online gives you and here are just a few.

- Anyone can learn currency trading and succeed - no special education is required

- You only need an internet connection and some seed capital

- You can trade for big profit opportunities every day

- There is never a recession, as one currency rises another must fall and vice versa

- You can trade in around 30 minutes a day or less

- You can leverage your investment by 200:1 or more!

As you can see there are many advantages of currency trading but you need to know how to use them and use them wisely especially leverage. Leverage is the key to big gains but it also wipes out more trading accounts than any other factor.

Leverage is simply the ability to invest more than you have in your trading account. If you have $500.00 in your account and leverage by 200:1, you have the potential to trade $100,000!

Be Careful With Leverage

The reason most traders lose is they don't understand how to use leverage. While 200:1 is tempting to use, on small accounts it leads to a swift wipe out of equity. If you have a small account 20:1 is plenty to use.

Be Patient

The other point to keep in mind with electronic currency trading is that while there are opportunities to trade each day, you only want to trade highs odds trades and this means being patient and trading infrequently.

Another reason novice traders lose is they simply trade too much and trade low odds scenarios.

If you want to make money at electronic currency trading, trade high odds set ups and they come around only every few weeks but remember you don't get rewarded for trading often, you get rewarded for being right.

I know traders who trade less than 20 times a year yet make triple digit gains and you can to!

Discipline is the Key

The key to currency trading profits is to have a robust simple currency trading system you have confidence in and can apply with discipline.

You must be able to apply your system with discipline through losing periods, until you hit a home run (which you will if your system is based on sound logic), in currency trading you have to lose to win and not lose discipline.

The Road to Currency Trading Success

Currency trading looks easy but of course appearances can be deceptive and while anyone can learn to trade currencies, you need to get the right forex education and mindset and apply your trading system with confidence and discipline.

Electronic currency trading, if you prepare yourself correctly can be the gateway to a lucrative second or even a life changing income. Its exciting, its fun and if you put in a bit of effort, you 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 Electronic Currency Trading visit our website at: http://www.learncurrencytradingonline.com.

Forex Currency Trading System - Your Own Personal ATM

By Jake Adams

There is a lot of talk these days about the exploding forex currency trading market. It has become a major area for more and more people to invest in and reap the maximum benefits financially. There are tons of people everyday who take up forex trading as their number 1 money making hobby. There are literally fortunes being made while you read this article.

The basic concept of forex trading is that you are trading the currency of one nation against the currency of another nation. There is a lot of money to made in this because the exchange rates are ever-changing. They fluctuate at all hours of the day and that is what allows people to be able to trade them just like you would the stock exchange.

If you to get involved in forex trading there are several aspects of it that you need to learn. Currency trading systems, forex trading strategies, forex trading signals and the forex alerts are some of the major factors that are causing the market to gain a considerable profit through trading volumes.

Forex is by far the largest exchange of foreign currency out there today. It is considered the most frequently rising transnational markets in existence today. The Internet has opened the possibility for everyone from all across the globe to take part in the forex market.

There are several strategies that you need to be aware of to start trading in the foreign exchange market.

1. There are foreign exchange rules and regulations that everyone needs to be aware of.

2. It is also vitally important that as a trader you adopt a reliable and effective forex trading strategies. If you enter the market and just try to follow you instincts you will end up wondering what happened to your money.

If you keep these two principles in mind when you try your hand at the forex market you should be able to make a tidy profit. The good news is that there are professionals that do this for a living that already have strategies in place for you to take advantage of.

How would you like to start trading in the forex market and do it profitably at the same time?

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Trading Forex - New Oil Currency

By Mike Kulej

With oil prices seemingly reaching new highs daily, a lot of Forex market participants have been trying to use this fact as a proxy for currency trading. General consensus is that some national currencies are correlated, to some degree, to major commodities and can be taken advantage of. Most experts, however, have never been able to agree on which currency would be the best crude play. Until now.

Number of oil rich countries are small states located around the Persian Gulf. Outside of crude production, their economies are not large, in line with small populations. This countries formed a Gulf Cooperation Council, both economic and, to a lesser degree, military organization. Saudi Arabia is the largest member state, with Kuwait, Qatar, Bahrain, United Arab Emirates and Oman making the list. Yemen is a pending member.

Since oil is priced in US dollars, respective currencies of the member states have been pegged to dollar. Over last few years this arrangement created certain problems for the Council states: very high crude prices and weak dollar caused huge inflation pressures. In spite of that, central banks had to lower rates in line with FED, due to dollar pegs, furthering inflationary threats. For example, Qatar's inflation exceeded 13% in 2007. Not a welcome development.

After years of discussions and planning, central banks of Gulf Cooperation Council,
have approved a draft of a charter for a central monetary authority. This agreement moved the group closer toward a goal of establishing a single currency for the member states. The launch of the new currency is set for 2010, but most experts expect it to be delayed. In project of this complexity and scope working out all the issues almost always takes longer than expected. We all remember Euro.

For example, Kuwait severed its dollar link last year and started tracking its dinar against a basket of currencies to help ease inflation that was driven in part by higher import costs - a decision that could be a major obstacle to reaching the 2010 target date for monetary union. Kuwait has not disclosed composition of the currency basket used for the new peg. Every member would also have to cap inflation within certain range, before the the union can proceed.

Despite set backs like this, at a recent meeting in Qatar, central bank governors reaffirmed the aim of monetary union in 2010 as Gulf states sought to avert additional unilateral decisions on currency policy that could jeopardize the project. Gulf Cooperation Council countries would "push ahead with the implementation of single currency on time", stated one official.

Once the new currency is introduced, it would likely become available for trading very quickly. Most brokers would like to capitalize on the initial interest as soon as possible. Cost of trading would be another story, however, with rich spread and some illiquid time periods throughout the trading day. Nonetheless, it is certain there are scores of traders eagerly awaiting this yet unnamed currency.

Gulf Cooperation Council members believe that new monetary union will help curb inflation. Among many other stated benefits are increased economic cooperation in the region, easy in money and goods flow. Single currency should also place Persian Gulf States in better position in increasingly border less world economy. And perhaps help them to prepare them for the next big step - life after oil.

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. With questions and comments e-mail him at kulej@spectrumforex.com

Is Trading Forex Easy - It Really Depends on Who You Ask

By Jim Buhs

For those of you who are wondering if forex is easy, it's hard to answer that question. For instance if you went by the statistics, then no, forex trading is definitely not easy. How hard is it? 95% of people that trade forex, lose money. But if you looked at all the expert advisors and magical indicators that are being sold on the market you'd think it was simple. After all, how could anybody lose money if all the gadgets do all the work for you?

The problem that most failing traders have is that they think that trading forex could only be easy if someone else or something else is making the trading decisions for them. Of course it would be real easy if you didn't have to use your brain. All you had to do was sit there, not paying attention to the market and wait for the special indicator to give the "long" or "short" signal. I'm betting you're beginning to understand the whole 95% failure ratio.

Of course, people want the easy way out. Who wants to actually take the time out to learn something? After all wouldn't it have been easier just getting somebody else to do your homework for you in school, but what would that have accomplished. If people took the time to really understand the forex market, we wouldn't have 3/4 of all the supposedly innovative trading software that we have today.

Forex trading is easy as long as you are prepared to stop doing what the other 95% are doing. Start right now! Pull up a chart and wipe away all the indicators that are on your chart and just sit there and watch the market move. All you need is right in front of you.

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. Click here to find out how what he used to trade price action.

5 Tips on How to Get Rich With Forex

By George Knoechel

Foreign Exchange market, popularly known as Forex market is a very volatile market and on the other hand, it is a forum to make big money. Because of its 24 hours of trading nature, it becomes a market with unmatched liquidity and cash flow. This article comes up with five useful tips on How to Get Rich with Forex.

The five useful tips on How to Get Rich with Forex can probably be handy and you can end up with some cash flow benefits. Let us have a look at those tips for this sensible trade.

ท Technical Analysis: Analyzing the market movement is a key element. You can understand the market trend by using different indicators like a lagging and a leading indicator. Price is probably one of the most important indicators. Have a careful watch on it.

ท Fall in currency value: There are different economic, political and social factors, which determine the value of a currency. Value of a currency can change as and when these factors change. A ceteris paribus (keeping all other factors constant and considering only one factor as variable) approach in analysis can be misleading. A currency, showing downward trend due to certain factors, does not necessarily mean that it will be a long-term player. A dynamic analysis is what I recommend.

ท Trading patterns: There can be various trends like cyclical, seasonal and many more. Make a thorough analysis of those trends before you decide upon the right time to trade.

ท Avoid being greedy: History shows that dynasties have fallen because of greed and this is a volatile market. At a point if you make some profit, then move out of trade and avoid being greedy. If you turn out to be greedy and decide to stay back for some more time for a little more gain, you may end up losing a winning trade.

ท Use reliable software: There is a boom of software to aid you with forex trading. You need to choose one among them, which can provide you with trading signals those are reliable and are simple to use.

If Forex trading can lead your financial status to the pink of its health, it can also damage your existing money. It is therefore necessary to take careful steps. I hope that the 'five useful tips on How to Get Rich with Forex' will help you.

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Forex Trading Strategy - Pivot Points

By John Hopman

When it comes to a forex trading strategy you can use to build a good business model from, nothing is more important than keeping things nice and simple. There's nothing wrong with delving deep into the unknown areas of forex trading, however when it comes to building a successful trading business, keep it simple and try to stick to one method.

Find One Forex Trading Strategy and Stick To It

Probably the most important part of building a successful forex trading business is to find one method of trading and stick to it. When we speak of strategies, we generally speak of trades which can work as a process between any two currencies. So what we tend to look for are pivet points within the market.

Pivot Points

Pivot points are one of the most studied elements of forex trading as well as any form of trade amongst the financial market. Pivot points are normally used by short term traders looking to make a lot of money in a short period of time. This is extremely common with the forex trading circle as the forex market is one of the most volatile markets to trade in.

A lot of people tend to be put off by its volatility, however in most cases this can in fact work as a benefit, especially those who know how to detect pivot points easily.

Pivot points are found by calculating the average of the currency price's high, low and closing prices. Pivot points are flexible in that they can be derived between any length in time, hourly, daily weekly etc, however most successful traders tend to stick to short pivots rather than long one's to again take advantage of any volatility present in the market.

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3 Simple Breakout Strategies You Can Use When Trading Forex

By James Woolley

Trading breakouts is one of the most popular methods of trading the forex markets because you often get large moves after a period of consolidation. So with that in mind, I've listed below three basic strategies you can use to trade these breakouts.

The first of which is based on technical analysis, and in particular the Bollinger Bands indicator. Bollinger Bands are envelopes based on a moving average and a standard deviation and are most useful in showing areas of support and resistance through the two outer lines of the envelope.

Therefore when the price breaks out of either the upper or lower limit, this very often is a strong indication that a breakout is about to take place in the same direction. It's particularly the case after a period of consolidation where the bandwidth of the Bollinger Bands has narrowed out. For greater success you can use the breaching of one of the outer lines to gain your attention, and then wait for a pullback to either the EMA (5) or EMA (20), for example, for a good entry point.

The second method you can use to trade breakouts is also based on technical analysis and involves various Exponential Moving Averages, or EMA's for short. This is a method I have developed over the years that makes use of the 5, 20 and 50 period EMA's (you can also use the 100 or 200 period EMA as well).

What you do is wait until the price, along with the 5, 20 and 50 period EMA's have all flattened out and are all very close to each other. Then you simply wait for a strong breakout from this narrow range and take a position close to the EMA (5) when the breakout takes place. This can be very rewarding when you catch a good breakout, particular when you use longer time frames.

The final method is based entirely on price and uses no technical indicators at all. It's based on the fact that the price does not stay in the same range forever and will at some point break out of the current trading range.

I have to admit I don't use this method myself but there are various ways you can trade this way. Some traders like to use the previous day's upper and lower price range, and trade any breakouts of this range the following day. Similarly some traders wait until a very narrow price range has formed and then wait for a breakout to occur.

So overall there are various different ways you can trade breakouts, all of which have their merits. Despite being quite basic methods, they can be extremely lucrative because the price often moves strongly in one direction or the other after a sustained period of consolidation.

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