Money Management PIP Calculator

By Marvin Evans

There are a lot of Systems out there and they all have there moments. Most of the information you read from the creator of that system show fantastic results and making huge amounts with very little money in the account. Sound familiar. What they are not telling you is that they are showing you the worst way to trade, OVER LEVERAGING YOUR ACCOUNT. This is why we developed the PIP Calculator. This will give you guidelines to follow when trading.

Most beginning traders believe that a good entry into the market is the key to success.
Unfortunately most are very wrong. Money Management is by far the most important criteria of
trading, Every successful trader will agree that managing your trades correctly is the most crucial element to consistently increasing your bottom line. Not to mention managing your money correctly, by limiting your risk to 2% to 10% of your account balance, at any given moment, in open positions, which will reflect your lots or trade positions.

Losing a trade or several trades in a row is just part of trading, get use to it. Unfortunately, markets move in unpredictable ways at times and even the best programs, even the ones I have reviewed, are not always right. In fact, most professional money managers trade with systems that are right only 50% of the time. How can they make the huge returns they claim if they are only profitable 50% of the time? Money Management!

If you're able to effectively manage your money you only need to be right about 50% of the time. The unfortunate thing about 95% of the current traders is that there primary focus tends to always be on making money and not protecting their account balance or profits. This is where the Money Management PIP Calculator helps with this problem.

Let's assume for each $1000 we use to control a position that we are only willing to loose $100.00. Now we will also assume that for every trade you enter you expect to make at least twice what you're willing to loose. In the event your position goes your way, you would set a limit order for $200.00 and we will assume you have made a totaL of 10 trades, 5 winners and 5 losers. 5 Losses would be -$500 and 5 wins would be $1000. You have just increased your account by $500 and you are only right half the time.
The 7 Rules of good Money Management.

• DO NOT ENTER ANY TRADE WITHOUT A STOP LOSS.
• Always trade with a Risk Reward Ratio of 1 1/2 to 1 or better on every trade
• Never over leverage your account. True. Over risking will leave you with nothing for the next trade.
• Make realistic goals that can be achieved within reason. Take what the market gives you.
• Losses are part of Trading. move on to the next trade, and trust your system
• Take profits off the table in every trade.
• Only trade with money you can afford to loose. This will help your emotions in trading.

PIP Calculator comes with mouse over information to give you guide lines on how much to enter on a trade with most Currency pairs. It is set to work with all currency pairs. Click Money Management PIP Calculator for the calculator.

Marvin Evans HBSFI. Inc

Forex Trading Profits - Simple Tips For Triple Digit Profits Any Trader Can Use

By Kelly Price

If you want to make big triple digit profits in forex trading, these simple tips will help you even if you have never traded forex before...

Here we will give you the basis of a simple forex trading strategy which is simple to understand, can be implemented in just 30 minutes a day or less. There is a big misconception in forex trading that you get rewarded for effort - you don't, you get rewarded for being right with your trading signal and that's it.

You also don't get rewarded for trading often in fact, this causes most traders to lose which leads me into the tips.

1. Trade Infrequently

Be patient, the big trends and high profit trades don't come around every day and you need to be patient. I know traders who trade about once a month and make triple digit gains, because they are so selective with their trades.

2. Learn to Trade Long Term Trends From Breakouts

It's a fact selling breaks to important new highs or lows on a forex chart, works as most trends develop from them. If you want to know more about breakouts, simply look up our other articles, it is one of the most simple and profitable ways to trade.

Focus only on the big trends which last for many weeks or months and forget short term trading. The reason for this is you don't have the risk to reward on your side and will lose.

3. Hit High Odds Hard and Don't Diversify

This will simply dilute your gains and on a small account and most traders don't have enough money anyway, to diversify properly. When you have a trade you like, focus on it and don't be tempted to take other trades on.

4. Risk 10 - 20% Per Trade

If you are trading a high odds trade you need to hit it hard, risk 10 - 20% of your equity on it and don't make the mistake most traders do, of trailing a stop within normal volatility.

Most traders get a profit, bring the stop right up, get taken out and then the trade goes back the way they thought and makes thousands or tens of thousands of dollars and their out. I have always maintained picking the long term trend is easy, entering it and staying with it, is the hard part.

Tail your stop slowly and outside of normal volatility, sure you give a bit back when the trend changes but you will get far bigger profits overall doing this. Keep in mind if you could get just 50% of every major trend you would be very rich.

Remember This to Win

In forex trading does not require you work hard, it requires that you work smart and get the right education. If you have a simple robust forex trading strategy, are selective with your trading and have the discipline to follow long term trends, you can make a lot of money and enjoy currency trading success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS CURRENCY RESEARCH and SYSTEMS For free 2 x trading Pdf's, with 50 of pages of essential info on Succesful Forex Trading visit our website at: http://www.learncurrencytradingonline.com.

Forex Money Management - A Simple Strategy For Bigger Gains and Less Risk

By Kelly Price

Forex money management is crucial to your trading success and you need to at all time protect your core equity. This is a simple effective strategy I have used for many years to improve profitability and it works.

If you want to make money in forex, you have a choice of long term trend following and trading the big trends, or trading the over bought - oversold areas via swing trading.

Before we move on forget day trading or scalping it doesn't work so you have the choice of the above trading methods and this strategy combines them. I am going to start with an example of my own trading. I am dollar bullish on the euro and got my short in at 1.60 and we have seen a big decline of 500 odd pips. A nice return and I think the euro is going far lower - but we could get a good rally as we are oversold at present. So what am I going to do? Simple...

Put 50% of the trade in the bank and leave 50% in the market.

Ok it could run lower but I am still in the market with 50% and will put another 50% in on the next euro rally when it becomes over bought.

The advantage of this simple money management tool is:

You are following the long term trend and banking along the way using swing trading indicators, taking profits on surges and putting dollar longs back in when the euro becomes overbought.

You are active but still following the long term trend.

Sure 500 pips is nice - but I think the euro is going to trade into the 1.40s, so I want to hold the trend but if things go against me, this strategy allow me to come out with a profit.

This method allows you to take a bit more risk to the stop and remember - most traders can pick direction of trends, what they can't do is get their stop levels right and get stopped out to soon.

Most traders cannot simply sit on a long term trend and this method allows them to do so and you are always in the market. If you look at any forex chart you will see trends that last for many months and make tens of thousands of dollar and this method will let you tap into them.

50% is the core position 50% is liquidated on surges in your favour and then put back in for full exposure on short term rallies against you.

In the next article I will show you the indicators to use and how to decide when to take profit and when to enter new positions, with this simple but powerful money management technique.

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

What is Traded on Forex Currency Exchange Market & How the System Works

By Arman Logan

As you probably know, forex means foreign currency exchange. Well, that's pretty basic and everyone knows about. However, do you know how you actually trade on forex, and how the whole system works? I am sure, you said no. So in this article, I will explain you what is basically traded on forex and traders make money there.

The short answer to what is traded on forex is money. Basically, what you do in forex you simultaneously buy one currency while selling another one. You trade currencies through a broker or dealer, and currencies are always traded in pairs, such as US dollar with Euro (USD/EUR) or Canadian dollar with GB pound (CAN/GBP), etc.

What confuses some people, that you not buying something that actually exist. For beginners, this might a problem, but you easily get used it. Buying a currency is like, if you would buy shares of some company, which would mean some percentage of the company belongs to you. You see, when you are buying a specific currency, let's US dollar, you are buying a particular share of US economy, and that affects the whole forex market and country's economy.

Compared to other financial markets, like New York Stock Exchange, forex doesn't have any location or exchange centre, which means that forex market is Over-the-Counter or Interbank market. Sounds a bit complicated, but those terms just mean that forex is electronic market and it runs on network of banks everyday, 24 hours.

Some time ago, in 1990, only "the big guys", who had millions could trade forex, because the requirement for trading was an investment of about 10-50 million dollars to start. Forex was originally created to be traded by people who have serious money and bankers. But now, with the born of Internet and new technologies, forex is trading is available to any person and you can get started even today.

All you need to start trading is a computer, reliable Internet connection and a forex account.

4 years ago, professional forex traders have developed advanced trading software called Forex Funnel They have been testing the tool until today privately, and managed to earn over $400000 in profit. If you want to know how they did it, click here to learn more about Forex Funnel.

Learn How to Use Forex Technical Indicators & How to Find the Best Moving Averages

By Arman Logan

Using Technical Indicators

Forex traders use price charts to help them locate the profitable market trends, while technical indicators are used to identify the strength and sustainability of the trend.

You should confirm the shift before you act, if an indicator is suggesting a reversal. That usually means that you have to wait for another period to verify the signal of the same indicator or check out another indicator. It's important to stay patient and calm, when trading forex, because it will help you to identify signals correctly and respond to them accurately.

Types of Moving Averages

The indicator which is very often used in forex is moving averages, which helps traders to confirm trades that already exist, located emerging trade and see overextended trends. The lines of this indicator are overlaid on a chart which shows the average short-term price fluctuations, and this can help you to see the long-term price trend.

Here are the three types of Moving Averages.

1. Simple Moving Average

This type of moving average weighs each price point over the particular period equally. The trader needs to specify whether the high, low, or close is used, and after that the price points will be added together and averaged, which will form a line.

2. Weighted Moving Average

Another type of moving average is called a weighted moving average, which gives more value to the newest data. It makes smoother the price curve, while also making the average more responsive to recent changes in price.

3. Exponential Moving Average

The last type of moving average is an exponential moving average. It weighs the most recent price data in a different way. An exponential moving average multiplies a percentage of the most recent price by the previous period's average price.

How To Find Best Moving Averages

It can take a bit of time, before you can identify the best combination of moving average and period of length for the currency pair you are using. The best solution will make your trend perfectly visible as it grows. When you are trying to find an optimal fit is called curve fitting.

What traders do is they usually compare a few time frames for their moving averages on a historical chart. After that, you can quite easily compare how well and how early each time frame signaled changes in the price data as they developed.

When you find a moving average that works pretty good for your currency pair, you can consider this as a line of support for long positions or resistance for short positions. If prices cross this line, that often signals a currency is reversing course.

Knowing how to use technical indicators and finding best moving average is very important, when trading forex. However, a 35 year old forex professional has developed software called Forex Assassin, which does all that complicated work for you. It's very easy to use, even if you don't have any prior forex experience. You can learn more about Forex Assassin by clicking here.

Learn How to Calculate Profit & Loss When Trading Forex

By Arman Logan

To make forex trading easier and more convenient, usually online trading platforms automatically calculate profit and loss of traders open positions. However, if you want to know how it is calculated, then I believe this article will be very useful for you.

I will explain you everything on the example, so you can better understand how the process works.
Let's assume that the current bid/ask for EUR/USD is 1.4616/19, which means that you can buy 1 euro for 1.4619 or sell 1 euro for 1.4616.

You decided that Euro is undervalued to US dollar and you want to execute this strategy. What you would do is buy Euros, while simultaneously selling dollars, and then wait for the exchange rate to rise.

Then you make a trade. In order to buy 100,000 Euros you pay 146,190 dollars (100,000 x 1.4619). Remember, $1.4619 is the price you have to pay to buy one euro in my example.

Euro Becomes Stronger

Let's say that you were right and Euro becomes stronger to 1.4623/26. Now, if you want to make a profit you have to sell the euros that you have bought (100,000) at the current rate of $1.4623 - the price for one euro. If you do that you will get $146,230.

At beginning you bought 100k Euros at 1.4619 and paid $146,190. Then, when Ero became stronger you sold 100k Euros at 1.4623 and you got paid $146,230. If you do simple calculation, which is $146,230 - $146,190, you will see that you made a profit totalling $40.

Euro Weakens

In this example, I would like to show you, what would happen if Euro would go down. So again we are trading EUR/USD at 1.4616/19. And again you decide to buy 100,000 Euros and you pay 146,190 dollars (100,000 x 1.4619).

However, in this case Euro weakens to 1.4611/14. Now, in order to minimize your losses, you sell 100,000 Euros at 1.4611 and receive $146,110.

Let's summarize. You bought 100k Euros at 1.4619 and paid $146,190. However, because Euro went down, you sold 100k Euros at 1.4611 and got only $146,110. Again simple calculation, which is $146,190 - $146.110 = $80. In this case $80 dollars in the money you have lost.

Trading forex can be very difficult and complicated, if you don't understand how to analyze forex data and follow the forex trends. That's why I recommend you to trade forex with professional software, such as Forex Tracer which is developed to help anyone make money trading forex with automatic tools. You can learn more about Forex Tracer by clicking here

Learn About Different Forex Price Charts & Technical Indicator Types

By Arman Logan

In this article I am going to talk about different forex price chars and technical indicators. This stuff is very important to know, if you are trading forex and you should know this, if you want to become a successful trader. So here we go.

Price Chart Types

Bar charts

Bar charts are the most common type of chart, which shows the action of a price. Each bar indicates a certain period of time. A period can be from 1 minute up to several years time. Bar charts can show patterns, that happened long time ago.

Candlestick charts

Candlestick charts show the high, low, opening and closing price for specific period of time. These types of charts can provide great visual details.

Point & figure charts

Point & figure charts are mainly used to mark changes in price movements. These charts are not associated with any specific period of time, and they do not represent any particular pattern.

Technical Indicator Types

Trend

Trend indicators make it easier to analyze price movements, so you can clearly see when it goes up or down, average price, etc.

Strength

Strength indicators show the intensity of market opinion on a certain price by examining the market positions taken by various market participants.

Volatility

Volatility directly refers to day-to-day price fluctuations. If there occurs any changes in volatility that means the price has changed.

Cycle

Cycle indicators represent repeating market patterns from recurrent events such as seasons or elections. These indicators determine the timing of a specific market pattern.

Support/Resistance

Support and resistance indicate the price levels where markets repeatedly rise or fall and then reverse. This phenomenon is attributed to basic supply and demand.

Momentum

Momentum indicators show how strong or weak a particular trend was during a specific period of time. Momentum is highest when a trend starts and lowest when the trend changes.

If you are really serious about trading forex and want to make big money online, then you need to know how to use everything mentioned above. However, a professional forex trader Andreas Kirchberger has developed software called Forex Killer which doesn't require you to learn anything mentioned above, because it's automated forex tool that does all the work for you. You can find out more about Forex Killer by clicking here

Forex Trading News Tips

By Tyler Ziggler

I wanted to share with you some forex trading news tips. A lot of people under estimate the value of the news. They to themselves that they don't have anything related to currency. They never talk about the forex market. How is that going to help me? It's just going to waste my time. If you look at it that simply, than it will look like a big waste of time and not worth pursuing and I suppose that is exactly why most people don't watch it. The news doesn't talk directly to the forex community, but it does talk about the economy which directly influences in the forex market. I'm going to share with you what you should be looking out for, so you can get the most information out.

The first thing to understand is that we live in a fiat currency world. That means money is just essentially paper and it's backed by nothing else. Typically if a currency was on the gold standard, that would mean for every dollar printed, there would have to be gold for it. Since this doesn't apply the central banks in a country have to try to follow the supply and demand of the currency in the economy. This is a next to impossible task. If they raise interest rates, the price of currency should go up. If they drop interest rates, the price of currency should go down.

There is also the major economic events that are released every month like unemployment, consumer spending, GDP, etc. They're easy to figure out. If it is good economic news, than it is good for the currency. If it is bad economic news, than it is bad for the currency.

The Forex Breakout System will keep your money protected at all times. Easy trading for busy people. Learn more at the Forex Breakout System.

How To Trade Breakouts Perfectly In Forex!

By Stan Dave

This trading strategy is a simple way of building long term wealth because there is no correlation in the market between the complexity of an indicator or method and its success.

In fact the opposite is true. Most of the world's top traders who have made consistent profits have used systems that are essentially simple. Simple systems are the best because their logic is easy to understand and implement. If the system is easy to understand, it is easier for a trader to execute it with discipline. There is no point in having a system unless you have confidence in it, to trade it with discipline, even when faced with a losing run of trades.

There are some trades that are more valid than others and the probabilities of the breakout turning into a strong trend are greater. we need to look at some basic criteria for a evaluating breakouts in terms of their probability of success.

Generally, the more times a line of resistance or support has been tested the more important the violation will be if the breakout occurs. We generally never trade less than three tests. What I am trying to say is, you need a minimum of two to three relative equal highs and lows to have a true consolidation base.

The time frame between the tests of resistance and support is also important, likewise the longer the support or resistance has been in place, the more valid the break will be when it comes. Trading breakouts is a great method of catching the really big moves that can pile up big profit - which is the aim of all traders. Every trader could use a breakout system if they want to. The fact, however is that they don't. The fact that the bulk of traders don't want to is the reason why the system works and will continue to work and make mega profits for those that understand the simple concept.

Do you want to make surplus profit from the forex market? learn the practical and easy way to conquer forex, remember kiss: keep it simple stupid. for whom:(a) traders loosing money (b) traders who want to gain more pips in their trades visit http://freeonlinetips4u.blogspot.com

Currency Trading Basics - The Best Currencies to Trade

By Monica Hendrix

What are the best currencies to trade? Here we will answer this question and also look at a few over looked currencies and in particular one of the best for novice traders.

Here we are going to look at the best currencies against the US Dollar.

Perhaps the most important consideration is turnover and liquidity of the currency traded. and these currencies also offer the tightest pip spreads which reduce your cost of doing business. You can trade the majors for just 2 or 3 pips and the currencies with the highest volume against the dollar are.

- The Euro

- The Japanese Yen

- The British Pound

- The Swiss Franc

Any trader should consider the above 4 and the euro and the yen are favorites for most traders and will work well for swing traders or trend followers.

I trade the euro, yen and Pound but not the Swiss Franc - nothing against it, it's a great trending currency but it tracks the euro to a degree now as the country has become more integrated with Europe so I have picked the euro.

Two other great currencies to trade are, the Australian and Canadian Dollar.

They don't have the volume of the big 4 and spreads are a little wider but for trend followers they offer some excellent trends and with both being commodity currencies, they have given some great trends over the last few years with the recent surge in commodity prices.

If I was to pick a currency that is good for novices, it wouldn't be the euro or the yen - but the Canadian dollar.

It works well on any technical system and offers reliable trends and the major advantage is it lacks the frequent volatility spikes you see in the big two

Of course any list of best currencies to trade is going to be subjective but if you are a novice trader or trading the majors and want a change, check out the Canadian dollar - it really is a great currency to trade.

NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading Pdf's, with 90 of essential info and more on Currency Trading Basics visit our website at: http://www.learncurrencytradingonline.com

Forex Trading Education - How to Use Support and Resistance For Big Profits

By Monica Hendrix

An essential element of your forex trading education is using valid support and resistance to time your trading signal. Here we are going to walk you through a live example of how to use it properly.

The currency we are going to look at on our forex charts is the Japanese yen.

If you look at the yen daily chart, you will see a very valid resistance level at the 108.00 level and since March of this year there have been numerous tests of it, over 20 and yet the dollar has failed to close above it supported by momentum.

This resistance is very valid because there have been so many tests. Resistance or support gain validity

- the more times they are tested and hold

- The more different time frames and the wider apart they are

- The traders who trade the market and the news sees the level as significant

Watch the level then confirm the Trade

The way to trade it is to wait for the rise but DON'T sell until you see momentum turn down and two great indicators for timing your trade are the stochastic and the Relative Strength Index. Simply wait for the level to be tested and wait for them to turn down.

Never just assume a level will hold, wait for confirmation via momentum indicators

Once this occurs you can be short and you know when you're wrong - if prices close above resistance.

This simple method of trading into valid resistance or support works and providing you time your entry correctly with momentum indicators, it can make a lot of money.

We have used this simple strategy to clear thousands of pips profits, this year and we have kept it simple, nothing complicated about it but it doesn't mean it simple strategies can't make money they can.

While resistance holds you keep doing it sell into the level and take profits when the dollar becomes oversold, then wait for the next test.

Follow Reality of Price Change

If the price breaks up and closes strongly above resistance, the odds will favour further strength in the dollar.

Simple and Effective

Sure it's simple but it can be very profitable and the above is a good example of a low risk, high reward way of trading into valid resistance.

You don't need to do anything else, than trade the reality of price change on the charts and if you do and you confirm your moves this simple forex trading strategy can make a lot of money.

This article was written on the 2nd Of August, good luck and good trading.

NEW! 2 X FREE ESSENTIAL TRADER PDFS + Professional Forex Course For free 2 x trading Pdf's, with 90 of essential info and more on Forex Trading Education visit our website at: http://www.learncurrencytradingonline.com

Forex Trading Strategy How to Build Your Own For Triple Digit Gains

By Kelly Price

There has been a trend I recent years for more and more traders thinking they can buy success from a vendor, or a forex robot - but this method ends in tears and the market teaches them a lesson. If you want to win, you need your own forex strategy that contains the enclosed...

First let's quash the myth you can buy success, most of the systems sold by vendors, come with simulated, back tested track records and that's no help going forward!

Now to encourage you that you can win, here is a simple fact which most traders never really think about.

95% of traders lost 50 years ago and 95% lose today. It's the same ratio despite all the advances in forecasting software and powerful PC's we have seen in the intervening period.

What is so significant about the above fact?

Simple forex trading systems work best and to win, you don't need to do anything complicated.

Your forex trading strategy should contain the following:

The Logic

The logic should be based on long term trend following and trading breakouts - to new highs and lows on charts. This is where most major moves start from, so if know how to trade breakouts you can get in on these trends.

The Indicators

Most traders think the more indicators they combine the better - but this is doomed to failure.

Use too many and your system will have too many elements to break and will not be robust.

In my opinion you should start with trend lines and an understanding of support and resistance.

You then need to use a few momentum indicators to time your trades.

Always, make sure when you buy or sell, your trading signal is supported by momentum. One or two, is all you need and the stochastic and the RSI, are a great place to start

Money Management

You need to pay careful attention to this and don't make the mistake most traders make which is to use all the leverage their given! You can get 200:1 but you don't need to use more than 10 - 20 in my view.

Furthermore, if you are trend following allow the market room to breathe and don't get your stop to close. If you do you will be bumped out of the trade and then see your trend sail on over the horizon making thousands of dollars and you're not in!

There is a balance, you have to have your stop far enough back so that random volatility doesn't take you out and close enough to protect yourself.

To win long term you must run the big trends and you must balance this risk to reward.

Discipline

The real advantage of building your own forex trading strategy is - you will understand it, have confidence in it and this will enable you to trade with discipline, through losing periods until you hit a home run.

If you can't trade your system with discipline, you don't have a system!

Most traders lack discipline and cannot execute their trading system through losing periods and throw the towel in to soon.

The above is a simple framework for getting a forex trading strategy together, you can seek big gains with. The route to currency trading success is:

A simple forex trading system, which you can trade with discipline and it really is no more complicated than that.

NEW! 2 X FREE ESSENTIAL TRADER PDFS CURRENCY RESEARCH and SYSTEMS For free 2 x trading Pdf's, and more on the best Forex Trading Strategies visit our website at: http://www.learncurrencytradingonline.com.

Forex Robots - Curve Fitting is the Reason 99% Sold Don't Win

By Kelly Price

The vast majority of forex robots lose money and this is despite the fact they claim to have made big money. If you are wondering why they lose, its due to curve fitting. If you don't know what it is read on.

First of all let's reveal the truth about all those stunning track records you see with huge gains that look to good to be true well, they are. The reason they look so good is they have been designed looking backwards, testing over price action that's happened!

That's it - there actually made up on paper and never been traded. Track records normally carry this standard warning.

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading...."

It then goes on for bit longer, explaining how these track records don't indicate future profits - but that's obvious, they are worthless - like most forex robots.

Now let's look at why simulations never work in practice.

Some vendors don't care if the system makes money or not - but others do and genuinely try to make it work and simulate a system but they make they end up bending the rules to fit the data and this of course wont work.

Data never repeats exactly the same again so the fact that you have bent the rules to fit one piece of data doesn't mean it will work on another piece of data and of course, when your trading you can't change the rules.

Any trader if they are looking at forex robots or building their own system needs to be mindful of curve fitting.

To avoid it look for the following in a track record if oits curve fitted it should only have a few rules and they should be the same all the time, for all market conditions and work on all currencies in the same way.

The above will ensure a robust system but you wont find that in most of the robots you see for sale online

Finally

Forex robots have a bad reputation - but there are some real track records out there, with good solid real gains and this means they have some results you can look at and see - don't ever trust a forex trading system with a simulated track record, as its probably curve fitted.

NEW! 2 X FREE ESSENTIAL TRADER PDFS CURRENCY RESEARCH and SYSTEMS For free 2 x trading Pdf's, and more on the best Forex Robots visit our website at: http://www.learncurrencytradingonline.com

Secrets of Free Forex Bonus

By Danielle Franklin

Online forex trading is blossoming as more people are getting to know the new way of working from home. Forex brokers compete for more forex traders promising amazing offers and rewards, while we, forex traders, try to figure out which broker is worth trying and which bonus sounds the best.

After choosing the forex broker, another factor you should check out is broker promotions. Many forex brokers offer "First Deposit Bonus" or a welcome bonus. The idea behind the first deposit bonus is simple - generally, but not always, the welcome bonus comes in the form of percentage matches on deposits. What does that mean? You create an account with a forex broker, fund your account and get free bonus. The amount of free bonus is based on your deposited sum, for example, if you deposited $100 and your forex broker gives away 50% bonus - you get free $50. Your account will instantly have $150.

So, as I said, as forex trading gets more and more popular and competition between forex brokers increases, forex brokers are becoming increasingly creative and generous in an effort to attract new traders. This can become a priority for many forex traders over a lot of other criteria.

Before getting all excited about the idea of getting easy money before even trading, you should understand the bonus requirements. In this world nothing comes easy and free. There is always a trap. So what can be a trap with free forex bonus?

Free bonus has requirements and rules that you should always examine on your forex broker website. These requirements and rules come in a form of withdrawal restrictions. Basically, once you get the bonus you will have to execute a certain amount of trading before you can withdraw your free bonus. I strongly suggest checking bonus requirements before you get one. You can always ask your forex broker not to give you the bonus. Thanks for freedom of speech and choice!!

For example, a bonus requirement might sound like this: in order to withdraw your free bonus you are required to execute a minimum trading volume of 10,000 lot of every $1 bonus. Meaning that for $50 bonus you will have to make lots of trading!

Again, before you deposit a single dollar, I cannot emphasize enough just how IMPORTANT it is to review the forex bonus deals to see which one will give you the best advantage and isn't too demanding on bonus requirements.

A more "innocent" way of getting some free cash is to invite a friend. Once you are an active trader check if your forex broker gives away free money in case you invite a friend. Usually it requires for your friend to make a deposit, then both you and your friend get free bonus. Refer a friend bonus is not calculated in percents. It is usually a fixed price varies from $50 to $500, depending on the account type.

For your convenience, ForexExplore team has created a list of current forex bonus and promotions - http://www.forexexplore.com/all-latest-bonuses.html Check out more forex articles, tutorials and forex brokers reviews at http://www.forexexplore.com

The Most Important Aspect of Day Trading Forex

By Demond Jackson

What is the meaning of trade? Very simple trading means giving money or article in exchange of obtaining something. In other words purchasing something and paying the price of the article in cash or kind.

So, trading involves money and money is the most important thing in the present day life. Just as money is used to buy goods for daily use in the same way foreign currency is used to buy and sell foreign products or foreign money.

Quite confusing isn't it? No, don't worry. It is very simple. It means when any person wants to buy or sell any item from another country he has to pay in the currency of that country. In addition, he has to give the currency of his own country, and in exchange he will get the currency of the desired country. This is the system of foreign exchange which is called Forex for short. Trading forex can be both fun and extremely profitable.

What Does It Mean To Day Trade Forex?

Is the word day trade sounding familiar? Yes, as the word implies day trading means the amount of trade done in one day. The day traders start their business as soon as the market open and close their business with the closing of the market. They do not roll over the day's business to the next day.

In the same way there are traders in the Forex markets who are involved in day trading Forex. There are lots of risks involved when you day trade Forex. Mostly because the trader has to settle all his outstanding accounts before the close of the day. This may amount to heavy loss as the rates may fall by the time the day ends.

Most of the individual traders who are actively day trading Forex follow a proven system for success. Day trading forex is in fact simple when you have help. The help I'm referring to is called automation software. Automation software makes day trading and profiting from forex virtually guaranteed. To be a successful forex day trader, having the right forex automation software is absolutely essential.

The best system for day trading Forex I've found is Forex Tracer. Forex Tracer is automated Forex software that makes day trading forex simple.

Best Forex Opportunity - How to Automate Your Forex Earnings

By Cory Sanders

The foreign exchange market has grown exponentially over the last several years. Millions of people are now actively trading every day. Many of these people are turning amazing profits very easily and making a full time living from the forex market.

In this article, I want to tell you about the best forex opportunity out there. I want to explain a way that your trades can be automated, so you can go about your day and still make money.

This forex opportunity that I am talking about is forex trading software. Technology is amazing, the advances that have been made in the last year alone are amazing. The forex market is no exception to this.

There are software programs out there that have been designed to identify market patterns and execute trades automatically.

With a forex trading software program, you can literally set and forget your trading for the day. Whether you are experienced trader who does trades foreign exchange for a living, or someone who is just getting into trading, this can be a great alternative to making your own trading decisions.

One needs to be careful, however, before purchasing forex trading software. There are only a couple of reliable ones out there that have been proven to work. Forex Tracer is one that I have personally used and had much success with.

Make sure to find one that has user testimonials from people who have actually used the program and seen winning trades.

Also, make sure that the system has been tested and that there are authenticated screenshots from real trades that have been executed with the software.

In closing, I believe that forex trading software can create an amazing forex opportunity for anyone. I would encourage you to read more about the subject.

Interested in forex trading? Want to make money on a 24 hour market? Learn how anyone can make money with Forex Trading Software. My website, http://forex-tradingsoftware.blogspot.com explores the basics of foreign exchange trading and how lucrative it can really be.

How to Trade Forex - How to Eventually Profit in Forex Trading

By Dylan Jonathan

Profiting in forex market can be very difficult especially when you just started out. How to trade forex? Many have asked this, and most of them people who asked this question will just jump in forex market without having a clue on what to do. Many have failed in their first year, and many have stopped since then. So how do you eventually profit from forex trading? This is what this article is for.

If you are just starting out and would like to avoid being one of the 90% who failed in their first year of trading the forex, then you need these criteria in order to succeed:

- Knowledge

- Confidence

- Discipline

- A good trading strategy

Knowledge is very easy to obtain. There are a lot of resources available on the web that can provide you the basic knowledge that you need to begin forex trading. Be sure to learn all the basics first.

When you have obtained a decent amount of knowledge, it is best to build up your confidence next. Paper trade for at least 3 months and make use of what you have learn. It does not matter if you did not make any profit at first. The important thing is what you learn from it.

Fear and greed can be a trader's worst enemies. You need to have discipline. Don't let any emotions take over you when you are trading. Emotions alone have contributed most of the losses of many beginners.

Finally, having knowledge, confidence and discipline is useless without a good trading strategy. You can develop your own strategy, but I advised you to do what the experts are doing used to do, learn from a robot. A robot is simply a software that is able to do profitable trades for you. It is like having your own forex expert and you are able to learn by peeking over the shoulders.

You should get the best and proven trading robots available on the web. If you really want to profit and avoid failing in your first year, then I suggest, getting all the criteria needed as explained. You can get a good trading strategy by clicking here.

Forex Trading Strategy - Have a Look at This Strategy

By Dylan Jonathan

Forex Trading Strategy can be really difficult to develop, especially if you do not know what you are doing. What I provided in this article is a simple strategy that can be very helpful for those who are struggling in forex trading.

This strategy is based on the fast moving averages. Therefore it is very easy to follow. We will use the 1 hour or 15 minute time chart to do our trading. This strategy works on any currency pair, but works best in USD/JPY.

The indicators needed for this system is: 10 EMA, 25 EMA, 50 EMA

You can plot this indicator on your chart, preferably different colors each. When you have plotted, look for when the 10 EMA crosses over the 25 EMA and it continues to crossover the 50 EMA. When this happen, get ready to buy or sell in the direction of the 10 EMA. Enter the market according to the direction of the 10 EMA when it has clearly gone through the 50 EMA. It is advisable to wait for the next bar to close, this will help to avoid false signal.

To exit the market, wait until the 10 EMA touches the 50 EMA. And again it is better to wait the next bar closes first.

The good thing about this strategy is that it is easy to follow, perfect for beginners and it gives a very good result, especially if the market is trending, during big breakouts and big price moves. But make sure you do not use this strategy when the market trades sideways.

This is a very simple forex trading strategy to follow and will likely to improve your trading results. If you are looking for an easier way to trade, and perfect for beginners and experienced traders alike, then I suggest looking at the Forex Funnel, my most profitable trading strategy is inspired by this system. You can learn a lot by observing an automated trading system trades. You can learn more about Forex Funnel and read a review made by a real user, just click here.

Forex Trading - New Way to Gamble

By Danielle Franklin

Let's face it - it is in human nature to gamble. Every one of us gambles one thing or another and gets the unforgettable rush of adrenalin from it. Some of us play cards, others roll the dice, many buy lottery tickers, others bet on sports and all of us make choices in life, which is also, in my opinion, a kind of gambling. The fascination towards gambling is endless and the eagerness to beat the odds seems to conquer human mind.

Gambling with money is among us for thousands of years despite legal and religious barriers. How is forex trading a gamble, you might ask? Forex trading involves currency exchange - you buy or sell, then hope for the best. In my opinion, Forex trading is yet another way of gambling and it is very appealing since it is legal everywhere. No matter how elaborate the forex trading might seem, it still brings up the primordial human instinct - to win.

Forex trading is relatively new but it is already universally acknowledged. Forex trading is trans-cultural and it makes sense! After all we trade currency of one country for a currency of another. Forex trading sees an unbelievable growth of interest and it becomes a popular way of working-from-home. Unlike gambling where you usually see women behind slot machines or bingo lines, forex became a favored option for stay at home moms. Gambling is a huge business and so is forex trading, because at the end of the day don't we all dream about one big win?

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

Currency Nicknames - Popular Or Geeky?

By Danielle Franklin

Currencies are like a bunch of kids in high school, fighting for popularity. Some currencies are geeky and some are perfect candidates for prom king and queen! Each and every currency has a nickname and unlike high school kids none of the currencies get "offended" when you use its nickname!

Why a forex trader needs to know currencies nicknames? Well, simply because if you don't you will have a hard time following news, participate in conversation or understand comments of the other forex traders. Imagine listening to financial commentary and not understanding the main words!

Here is a list of the most common currency nicknames:

US Dollar USD = Buck

Euro EUR = Fiber

British Pound GBP = Cable

Canadian Dollar CAD = Loonie

Swiss Franc CHF = Swissy

Japanese Yen JPY = Yen

Australian Dollar AUD = Aussie

New Zealand Dollar NZD = Kiwi

Like any nickname, currency nicknames have meaning behind them. For example, you might wonder why US Dollar is widely called a Buck. The simple answer to it is that in the late 1700s and early 1800s paper money weren't in use yet. Instead, buckskins were used for trading. At some point the word "buckskins" were shortened to just a "buck".

The nickname for Canadian Dollar - "Loonie" came from the bird on the Canadian coin.

British Pound is called "Cable" and is probably named so because of the Trans-Atlantic cable between US and Britain.

How about Euro? What does Fiber mean? I really don't have a good answer for it. Maybe because it is "easy to digest"? After all, Euro is one of the most traded currencies now-a- days!

And Kiwi for New Zealand dollar has nothing to do with a kiwi fruit! Actually it comes from kiwi - a kind of bird that can't fly which happens to be a national symbol of New Zealand.

Now that you are familiar with currency nicknames you won't look around for help while listening to financial reports and in case you forget you can always come back here and review.

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

What is Technical Analysis & Why You Need it When Trading Forex

By Arman Logan

In this article, I would like to talk about the importance of doing technical analysis, if you are trading forex market. Read carefully everything below, if you want to know what technical analysis all about is.

The purpose of technical analysis is to predict future price movements of currencies by analyzing past market data.

Majority of forex traders regularly use technical analysis to see, which the profitable currency pair is and how to bid. Even people, who are just beginning to trade forex, need to have a look at the data, because otherwise it's useless to buy and sell something without knowing the market history.

According to Technical Analysis this is what happens in Forex Market:

1. All market fundamentals are reflected in price data and there is no need to study moods, differing opinions and other market fundamentals.

2. The history of data often and regularly repeats it self in particular patterns, which makes it fairly predictable. These patterns are called signals. The job of a person who is working on technical analysis is to examine the past signals in order to predict future price movements.

3. Prices move in trends. Technical analysts believe that it's possible to predict how the price will change in the future, because price fluctuations are not random, and there is a specific pattern for them.

How To Trade Forex

In order to trade forex successfully, and be able to predict how the price will move, you need to analyze charts, graphs, forex trends and other data to get some idea of what's going to happen.

Technical analysis greatly helps to eliminate the guesswork and be more accurate, when making decisions. All those graphs and charts might look complicated, when you look at them first time, but you will need to get used to all that stuff, because it's a vital thing, if you consider yourself a serious forex trader.

A professional forex trader, Marcus Leary makes a great living online trading forex. However, he doesn't analyze any complicated data, because he developed advanced forex software called Forex Autopilot, which does all the work for him and the best thing is that anyone can use the software, because it's really simple. You can learn more about Forex Autopilot by clicking here.

Factors in Choosing a Forex Trading Broker

By Andrew Daigle

Before you can implement any of your Forex trading strategies, you must select an appropriate broker. However, keep in mind that not all brokers are created equal. Below are several factors to take into consideration.

Industry Experience - It's always a good idea to see how long your broker has been in business. Investigating the background of any particular firm will give you a good sense of their professionalism and that your money is not at risk unnecessarily. You should always choose a firm that is established and has a strong reputation in the industry.

Demo Account - Especially if you're a beginner, you need to familiarize yourself with the mechanics of how the broker operates. You should always use a broker that offers a free demo account so that you can test out your Forex trading system. These accounts usually come with all the research tools that are important for your Forex education. It's always an intelligent idea to test our your system, their trading platform, and your comfort level before you start Forex trading in earnest.

Forex Trading Spread - When choosing a broker, it is important to take in to consideration the spread. In Forex trading, the spread is the difference a currency is being offered to be purchased and the price it is offered to be sold. Brokers make their money on this difference. The smaller the spread, the better it is for you. It's always best to choose a brokerage that offers the smallest spread in order to maximize your currency trading strategies.

Leverage in Forex Trading- Almost all brokers allow you to trade at a level much higher than the amount of funds in your account, often hundreds of times this amount. If you are confident in your Forex trading techniques, the higher the leverage a broker offers you, the greater your profits will be.

Forex Trading Tools - Most brokerage will allow you access to a variety of research tools. However, keep in mind that the quantity and quality can vary greatly. Regardless of the broker you choose for your Forex trading, you need real-time quotes, various charting possibilities, professional research reports, and live news capabilities. If you are a novice and unfamiliar with computers, then you might want to choose a brokerage with easy-to-use software.

Whoever you choose for your currency trading purposes, you should always be well prepared before you start. Educate yourself, practice, and test out all your strategies beforehand. No one ever succeeds in Forex trading without being well-prepared first.

Andrew Daigle is the owner and author of many successful websites including ForexBoost, a free Forex educational site to learn Forex trading strategies and a website for learning profitable online home business opportunities