FOREX - Target For Scams

By Steven Magill

Financial transactions between one or more countries usually occur in the foreign exchange market. FX and FOREX are two of the terms used interchangeably within this market. The Forex markets are defined as the buying and selling of currencies between countries that have different monetary units. Most of these transactions transpire between banks and other financial institutions, both public and private, in the countries involved, and as long as currency exchange is needed then the FOREX market will continue to exist.

An example of these transactions would be when a person travels to another country and has to exchange his dollars or euro for the local monetary unit to enable him to buy something in the domestic market. In this case, he would usually have his money changed in a bank, where such transactions are provided, or in an accredited agency which handles the same thing. It is to be noted that not all banks and financial institutions have foreign exchange services.

Unfortunately, there are still a lot of people who are not aware that such transactions are processed through intermediaries like banks and certified institutions or companies. There are some who prey on these individuals by offering them a chance to make a quick buck.

Since the rates usually vary, those who are involved in it monitor its movement since it might also mean a significant difference in its value. But if one falls in the hands of unscrupulous individuals, instead of earning, one may end up with nothing. The very fact that money changes hands so quickly, means the FX market has been a likely target for those who are trying to perpetuate various FOREX-related scams.

Most of those affected are individuals or small businesses who are on the looking for a very quick return of investment, without assuring themselves of the validity of the transactions. Some of these scams are prevalent online. Its spread may have been brought about by the lack of knowledge that such transactions should go through legal intermediaries.

Various companies engaging in foreign exchange business have gone online to conduct business. Some are definitely legal, but there are some whose main target is to remove people from their hard-earned money. Fraudulent transactions with these companies or individuals may result in huge losses so Beware!

There is plenty of soft ware claiming to aid in foreign exchange transactions.

Lot's of this soft ware can help in trading forex, but before investing in it, one has to determine the companies reliability and if such companies are legitimate . Some companies have been blacklisted and one should be wary of them. It is still best to make the transactions via banks, who usually have their respective trained brokers or personnel who can assist the investor or the client. As such, it is still recommended that one should go to a legitimate broker or the bank to avoid becoming a statistic of Forex fraud.

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Trade Forex For a Living - Do You Have What it Takes to Succeed?

By Samuel Leslie Berkovits

The fact is anyone has the potential to trade forex for a living not everyone will do what it takes to succeed. So what does it take to enter the group of traders who trade for a living? Let's find out...

First we need to state a fact that 85% of traders lose money, so you know its not going to be a walk in the park. The difference between winners and losers is two fold:

Winners get the right forex education but they also have something more which is they adapt the unique mindset that is needed to succeed. Forex trading is a combination of both and mindset is really the key to success because - anyone can learn a successful method if they want too.

Now let's look at what it takes to trade forex for a living in terms of strategy and mindset.

1. Acceptance of Responsibility

If you think you can just follow an automated forex robot or guru and win, your mistaken.

Most of the forex advice given is dubious anyway - but even the good advice, you need to agree with it and have confidence in it or you wont follow your trading signals with discipline.

2. A Simple Robust Odds Based Strategy

Forget about being complicated simple strategies work best, in an odds based market such as forex.

You can't predict the future and anyone who says they can will lose simply trade the reality of price and trade longer term and hit the big trends.

3. Cheerfully Take Your Losses

If you don't learn to lose you won't win in forex trading.

You see lots of vendors saying you can trade with no losses well, they have never traded! All traders do and that's even the best. You have to keep your discipline and trade through these periods which can last for weeks at a time, until you hit profits again.

4. Your Success is Built on Defense

A successful trader once said to me take care of the losses and make them your priority and the profits will come and take care of themselves and just like the great football teams, if you defend well - your offense will get the chances to win.

Most traders think money management is simply placing a stop its not - it's placing a stop, understanding volatility or standard deviation and knowing when to bank profits.

5. Courage to Accept Big Gains

Most traders won't take the right calculated risks and always want to bank too early. The true pros know forex trends can last for months or years and milk them for all there worth.

6. Courage, Confidence and Discipline

The professional forex traders know how to execute their methods they have the courage to so what they feel is right, when other disagree and rock solid confidence in what their doing, to give them the discipline to stay on course.

7. Success Comes From Within

Any trader who wins knows this.

No one makes you a success - you take the lead and take success for yourself, based upon your skills. Always remember - the market doesn't beat the trader (the conditions faced are the same for everyone), the trader beats himself.

Forex trading is not easy but the rewards are so big you wouldn't expect it to be. On the other hand by working smart and applying a system that's simple, logical and you have the confidence to execute with discipline will bring you success.

Do you have what it takes to trade forex for a living?

Hopefully, this article has gone some way to answering the question for you.

NEW! FREE PDF REPORTS CATCH THE BIG TRENDS NOW! FREE PROVEN TRADING SYSTEM Get free essential forex trading Pdf's and more Best Forex Education visit our website for more essential wealth building info at: http://www.forextrendfollowing.com

Automated Forex Trading System - A Free One That Makes Money Anyone Can Use

By Samuel Leslie Berkovits

The automated forex trading strategy we will look at here is free and has been used by savvy traders around the world for over 25 years and made millions! Let's take a look at it and how you can use it in your forex trading strategy for big gains...

This automated system is free but will beat most of the ones you see sold online because - it's proven in real time trading and most are not.

Most forex trading robots produce a back test simulation, knowing the closing prices and that's not real money. Anyone can make money with all the closing prices but you don't know them when you trade for real!

The one we are going to look at here has made millions of real dollars - it's proven.

So lets look at the system which was devised by one of the great traders Richard Donchian who is considered the grandfather of modern trend following. While he has passed away now, he has left a lot of valuable information, for traders to use, including this great simple system.

Ok let's look at it. All you have to do is remember one simple rule and here it is:

Buy a new 4 week breakout to new calendar high and reverse to a short position on a 4 week low. Keep reversing, as new 4 week highs and lows, are triggered and always keep a position in the market.

It's very simple and you may be wondering does it make money?

Yes it does!

Just because it's simple, doesn't mean it can't make big gains - all the best forex trading systems are simple and robust and this one couldn't be any simpler.

You don't even need a computer software program to trade it - you can do the calculation in your head. It takes about 5 minutes, per currency pair per day to monitor and it is based on market logic which means it will always catch and hold the big trends.

You don't have to make any subjective judgements - the signal is clear cut and gives you exactly what action to take.

The one point we would make about this system is that while it will catch and hold big trends, it takes a lot of discipline to use. It isn't into prediction and trying to buy exact market tops or bottoms and it holds long term trends.

Many traders lack the discipline to use a long term system - but if you do use it, over the long term, this system has worked and will continue to work, as long as forex markets trend and that will never change in a free market economy.

You can use the system in raw form or add exit filters if you want to smooth the equity curve and we have discussed these in other articles, so look them up. Which ever way you trade it, the system will add a valuable profit tool, to your forex trading strategy.

An automated forex trading system, that's simple, time efficient and catches all the big moves; now that's worth looking into further.

Take a look at it; you have everything to gain and nothing to lose by doing so, as it's free.

FREE FOREX AUTOMATED TRADING SYSTEM PDF CATCH THE BIG TRENDS and PROFITS NOW! Get free essential forex trading Pdf's and more on this FREE Automated Forex Trading System visit our website for more essential wealth building info at: http://www.forextrendfollowing.com

Forex Enterprise Review - Is Nick Mark's Forex Enterprise a Scam?

By Ricky Lim

With rising inflation and wages remaining the same, many people are looking for alternatives to make money online. There are plenty of opportunities to make money online and you don't need technical IT skills to do it either. The hardest part is where to start as there are tons of home from work job opportunities online.

Recently, a friend recommended me to take a look at nick mark forex enterprise program. The sales page got me interested and I decided to give it a try. It turns out forex enterprise isn't anything about forex but a unique system to make money online.

It is a system that is designed for new online entrepreneur who wants to build online businesses and create multiple streams of passive income.

Positive Points

I like the way the program was structured. Everything is written in step by step format and easy to learn and apply. The main difference about Forex Enterprise and other similar products is that it doesn't just focus on one technique or strategy.

To create multiple streams of income online, you need several online marketing strategies and techniques, all of which are clearly structured and he guides you along step by step. Most of the methods don't require a lot of time and investment so this is something you can do during your free time.

Nick also include a free website that shows you how to sell information products that does not require inventory or packaging etc. He also introduces readers to ebay, adwords, paid online surveys, data entry jobs etc so you know what to look out for if you are interested.

Negative Points

I thought Nick should have a better title than forex enterprise since it will mislead a lot of people into thinking this was a forex course. Also, this course is geared more towards beginners and newbies to online business and internet marketing.

If you are an immediate or advanced internet marketer or online business owner, you probably won't find anything new here.

If you want to learn how to generate multiple streams of income online, check out my Forex Enterprise Review.

Currency Day Trading System - The Major Mistake Novice Traders Make and Lose!

By Monica Hendrix

Currency day trading systems are big business online but novice traders keep making the same mistake and losing. Let's look at it...

The biggest mistake is to think that it works - it doesn't and here are two facts to consider.

1. Simulated Profits are Not Real Money!

The currency day trading systems that claim big profits are only presenting a simulation backwards and this is easy when you have the facts and can buy and sell in hindsight, anyone can make a profit even a child. Look at the disclaimer and you will see the words hypothetical and simulation on all the systems sold by vendors. If you find a real one tell me about it, as I have been looking for over 20 years and have yet to find one.

2. All volatility in Daily Time Frames is Random

You can see this on any currency chart and as this is so, you cannot use support and resistance levels to trade off, as they are not valid and the net result is a loss as you cannot get the odds on your side.

If you think about it the aim of day trading is impossible consider this:

Numerous millions of traders, all around the world, are trading and they all on mass make the final price. They are using different strategies, have different skill levels, aims, objectives and are to a degree, governed by the emotions of greed and fear. You are going to have to work out, what they might do in a matter of just hours, or minutes and that's just not possible.

You will hear some vendors claim prices move to some Hocus Pocus theory of science or natural order and the far out investment crowd love these theories - but if there was a scientific theory for predicting prices, there would be no market - as we would all know what would happen in advance!

How to Enjoy Currency trading Success

You need to forget currency day trading systems and think longer term. If you like short term trading, try currency swing trading, which trades moves from a few days to a week. The alternative is long term trend following which looks for trends of weeks or months in duration.

You then need to see Forex as an odds game.

Trade high odds scenarios, when the odds are on your side and don't predict simply trade the reality of price change. Sure you won't win every trade (that's impossible anyway) but if you keep your losses small and run your profits, you can make a lot of money.

So if you want to win get the right currency trading education and trade longer term and leave the currency day trading systems to the naïve or greedy traders who lose money and get a sound odds based currency trading strategy and enjoy success.

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Automated Forex Trading Systems - Most Lose Because Their Curve Fitted and the Gains Are Not Real

By Monica Hendrix

It's a fact that the overwhelming majority of forex trading systems lose money despite presenting track records of extraordinary gains and the reason is simple - their curve fitted....

So what is curve fitting?

Curve fitting is used when traders simulate a track record over past data. They bend or curve fit the rules of their system to fit the data and show a profit. This simulated back test is then presented as evidence, that the system will make money going forward but there is a problem here...

In real time trading you can't curve fit as you dont know the prices in advance!

The same data sequence never replicates itself exactly again and the system collapses in real time. Paper dollars are not real dollars and it is ridiculous to claim that because a system works backwards, (with all the data to hand) that it will work going forwards, not knowing the prices.

Some of the forex automated trading systems you see, have track records Warren Buffet would be proud of yet, you can gain access to these gains for $100. You are then on the road to financial freedom and can earn an income for life, with no effort on your part. Alas this is not real life, its fantasy land.

Curve fitting is easy to spot just look for this.

1. Huge profits or little or no drawdown on the track record

2. Look for the CFTC 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"

It's quite long but ends up telling you how much weight you should place on the track record in terms of how much money it will make you.

"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".

This is not to say that a back test cant work it can - but most vendors don't do it correctly and this is what you will normally see...

1. Lots of rules and parameters

2. Different rules for different trading conditions and currency pairs

3. Lots of subjective variables that are down to your discretion.

4. Subjective exit points

Generally, an automated forex trading system that's successful will trade all markets and all conditions the same way, be very objective and only consist of a few rules or parameters.

There are some good forex trading systems out there, to find them though you need to get rid of all the curve fitted ones. If you want to use a simulation look for non cruve fitted one or even better, get one that has shown some evidence of real time gains.

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Automated Forex Trading System - One of the Best is Free and Makes Big Profits

By Monica Hendrix

If you are looking at buying an automated forex trading system before you do, check the free one enclosed. It works, will continue to work, is simple, takes 15 minutes a day to run and has made savvy traders countless millions - here it is...

Before we look at the rule, it has a huge advantage over most of the sold automated forex trading systems and that is - it's made real profits.

Proven Profits

Most of the systems sold online, are simply back tested simulations and we can all make money knowing the closing prices. These systems tend to blow up in the market, as you don't have the benefit of hindsight when trading for real!

The one enclosed is proven, make money for over 20 years and some of the top traders in the world use it, in their forex trading strategies.

Devised by a trading Great

The system was devised by one of the great traders Richard Donchian. It's based upon a 4 week cycle, he saw in commodity markets and this is the rule - there is only one:

The Rule of the System

Buy a new 4 week high and hold the position, until a 4 week low is hit, then reverse. Keep going long and short, on every new 4 week high or low and always have an open position.

It's very simple and you get an objective rule which you simply follow - but does it work you may ask?

Yes it does and just because its simple, doesn't mean it isn't profitable - it is. All the best forex trading systems are simple.

Why it Works and Will Continue to do so

Markets will always trend long term and new big trends will always start from new market highs or lows.

The system may not have pinpoint market timing but it will have you in on every big trend and hold it. The system is a long term trend following breakout system and this method will always work as long as markets trend long term and forex markets do.

Why it's Difficult to Follow

You can test it and see it makes money long term however most traders simply won't or cannot use it.

They won't use it because:

1.They Consider it to Simple

Although its obvious it works and furthermore complexity has nothing to due with making money.

2. It's not got hyped copy.

Traders like all the hyped copy and fancy names of the sold ones, despite all they produce is a simulation and have never made any long term real gains, traders buy them -strange really when performance means everything in forex trading.

3. It doesn't predict and while prediction is impossible traders love to try and always will.

This system simply trades the reality of price change and traders for some odd reason, don't like doing this despite the fact it works.

Many of the traders, who want to use it, find they can't follow it because:

1. They lack discipline to execute a system that's totally objective

2. They lack patience to hold long term trends

3. They don't like taking short term losses (although every system does) and lack the confidence to hold long term trends.

A System that Makes Money

If you are interested in making money though and have a disciplined nature you have an automated forex trading system which can be executed in minutes per day, you don't have to think - the rule is totally objective and it makes money and of course, it's totally free.

Finally

Now the system can have filters added to it, to smooth the equity curve and these are discussed in our other articles so it can be customized to your risk tolerance.

It's a simple, solid system, every trader should consider using in their forex trading strategy and if they do, it can enhance long term profitability and it costs nothing to look more at this system as its free of charge - take a look at the system and you may be surprised at how profitable it is.

NEW! FREE PROVEN CURRENCY TRADING SYSTEM For free essential currency trader education and PDF's and a FREE Forex Trading System visit our website at: http://www.bestcurrencytradingsystem.com

Automated Currency Trading System - Check These 4 Points to Find the Best

By Monica Hendrix

Most automated currency trading systems don't work and only a small minority do and if you want to find them then you should use the checklist in this article.

Let's look at the how to find the best automated currency trading systems and the first point we are going to look at will get rid of the vast majority straight away.

1. Do NOT Trust Back Tests!

Most currency trading systems present a hypothetical, back test simulated in hindsight and present this as evidence of the gains you can expect - this is complete nonsense.

Anyone is capable of making big profits in hindsight, as you have all the facts and can simply buy and sell at lows and highs! You don't get the luxury of this in the real market.

Most of these systems are simply bent to fit the data, the vendor knows it won't work (that's why they don't trade it and there is no real track record) and they simply want to appeal to naivety and greed and sell their product.

Once you have got rid of the hyped systems with over the top copy and no substance, you have systems that have real track records - but even with a real track record you need to check a few more points, to see if it should be part of your currency trading strategy.

2. Do You Understand the Logic

You need to have the logic of the system revealed to you. This is so you have confidence in it to succeed and can trade it with discipline and execute your trading signals through periods of losses.

3. Can Stand the Losses

All systems have them and you have to be comfortable with the size of the lose on your account equity and the duration to recovery. Some systems are more volatile than others, so think about the worst and if you can take it, as we all have different rsik tolerance levels.

4. How Much Effort is involved

How often do you need to monitor the system and how much work is involved? Most systems require you to look daily and also - check the support offered by the vendor, in case there are any problems.

How Much can you Make?

A good automated currency trading system can make anywhere between 30 - 100% annually. In terms of effort to reward, there is no better way to seek big gains in global currency trading.

Take your time and choose wisely and your system, can lead you to currency trading success.

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Trade Reliably and Smarter - Forex Auto Trade

By Max Branner

If you are looking to be successful in the forex market, you should consider beginning to forex auto trade. This entails using some sort of program in conjunction with your trading campaign. There are a few different types of auto traders which you can choose from.

Some forex auto trade programs are completely automated programs which handle every aspect of your trading for you without you having to do anything beyond entering some simple guidance data in terms of what you want to trade and accomplish through the program. They analyze the market and at the slightest indication that you stand to lose money, they trade away in your favor to always best profit or benefit you.

Other programs require more from you and rather than trading independently of you, they generate signals for you or basically act as tip makers so that you know what and when to trade to benefit and profit the best. The upside with these programs is that they are among the most accurate ways to trade available in this a business in which success is measured by accuracy. Many traders chose to forex auto trade purely for the signal generation associated with it and won't trade any other way. These programs additionally completely eliminate any chance for human error, instead relying on cold, calculated, and tested mathematical algorithms which take every aspect of the market into account.

The best way to forex auto trade typically is a combination of the two, with a strong emphasis on signal generation. Oftentimes, programs which are completely automated and do all the work for you don't offer very good signal generations, and more than that, they tend to make the trader lazy and you don't learn a thing about the market. Ideally, you'll become a better trader through the program as you'll be trading more accurate and you'll gain a sense of how the market changes and reacts to different things, but you'll still have basic safety nets such as stop loss and take profit protocols in the software intact so that the program will still help ensure that you'll land on the winning side of the vast majority of your trades.

If you're interested in earning some real and reliable income, visit http://www.forexautotradingreviewed.com for in depth reviews on the leading software to forex auto trade with and don't wait another day before you begin carving out your niche to financial independence.

Online Foreign Currency Trading - How to Do it Right

By Max Branner

Online foreign currency trading is more popular than ever. This is due largely in part to the fact that it's more available than it ever has been in the past. Anyone with a steady internet connection and a small amount of capital is eligible to trade currency. Unfortunately, the majority of beginners who throw their hats into the ring end up losing much or all of their initial investment.

Demo trading is important for anyone who is starting out. By using a demo trading account, you can trade with virtual money in the same conditions that real traders trade by. This is great for building confidence in your trading abilities so that when you're ready to transition into the real thing you'll be prepared. It's recommended that you use a demo online foreign currency trading account for two months before transitioning to the real thing, and to make sure that you've got a number of profitable virtual trades under your belt by then, as well.

The best way to secure a demo online foreign currency trading account is to get it coupled with an automated trading program. These are programs which trade partly independently of you and even analyze the market to predict where it will go next so that you can trade accordingly and ahead of the curve.

They are the future of online foreign currency trading, with 25% of all traders currently using some sort of automated trading in conjunction with their campaigns. This is 7% more than were doing it just three years ago. In general, using an automated trading program is a great deal more accurate and reliable and gives you a great advantage over your competitors. If you want to be successful in online foreign currency trading, there is simply no substitute for automated trading programs.

If you're interested in online foreign currency trading the right way, visit http://www.forexautotradingreviewed.com for in depth reviews on the leading automated trading programs so that you can take a massive leap ahead of your competitors even if you're just starting out. Don't wait, start down your path to financial independence today.

Forex Trading Program - 3 Distinct Advantages

By Max Branner

It's easy to see why more traders are using a forex trading program than ever. It's the most accurate way to trade, it works around the clock, and overall it's a much safer and guaranteed way to trade currency in a more fluctuating market than ever. The U.S. economy is sending the majority of the world's markets spiraling about. A forex trading program guarantees that you'll be on the winning side of your trades the vast majority of the time. Consider these 3 advantages.

Signal generations are arguably the best thing that a forex trading program has to offer. You obviously want the best information affecting your trading. While many traders still rely on brokers to analyze the market for them or worse do it themselves in their own time when they can, signal generations are created using tested and constantly updated mathematical algorithms which are remarkably accurate in predicting where the certain parts of the market will go next. They incorporate all of the trends, changes, and overall data of the history of the market into their signals so that you can trade confidently and precisely when you trade ahead of the curve. Many traders swear by the signals they receive as it honestly is the most accurate way to trade in a market way accuracy determines whether you lose or make money.

Many traders like a forex trading program that can auto trade for them around the clock. This is because the forex market keeps much longer hours than the traditional stock market. While this is advantageous, it also requires you the trader to have the ability of keeping track of the market at every hour of practically every day if you truly want to be successful. As this can be a daunting and impossible task, your forex trading program works tirelessly around the clock in order to best benefit and profit you.

Branching out on this point, you've got to be able to react quickly to be a successful trader, as well. At the slightest indication of an affecting change for you, positive or negative, the forex trading program snaps into action and buys or sells accordingly in order to maximize your profits, or just as importantly, to minimize your losses.

If you're interested in earning some reliable and guaranteed income, there is no substitute for a forex trading program. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading products on the market and start building your way to financial independence today.

Best Forex Software - Trading Like the Pros

By Max Branner

When you have the best forex software, trading like the pros is a breeze. And you don't have to sink in years of experience and more importantly losses to get there.

Arguably the most attractive part of the best forex software trading comes in the form of signal generations. This is an update to the older way of doing things. Traders would look to forex analysts and experts for their opinions as to where certain areas of the market would go next and trade accordingly based on the expert opinions. While this worked alright for the time, there was still a great deal of room for error associated with this method.

Today, the best forex software trading affords you the opportunity to trade more accurately and therefore reliably. Rather than relying largely on guesswork as the experts of the past did, signal generators rely exclusively on tested and calculated complex mathematical algorithms for their tips. They analyze every aspect of the market and account for every change and trend when they generate their tips so that you know you have the best information affecting your trading. The best forex software trading is remarkably accurate and when you're trading ahead of the curve there is no substitute for the generated tips of these programs.

Also when using the best forex software, trading is also done partially or completely for you. Using basics like stop loss and take profit protocols, you can leave your campaign in the capable hands of your program without any worry of losing your investment. At the slightest and earliest indication that the market is about to change out of your favor, the program trades accordingly, making and more importantly saving you a great deal of money. It's a great feeling of knowing that you have an added safety net at all times without having to pay out large portions of your profits to a broker. With the best forex software trading, you'll be on the winning side of all of your trades nearly 100% of the time.

Visit http://www.forexautotradingreviewed.com for in depth reviews of the best forex software trading available today if you are interested in reliable and guaranteed income and carve out your niche to financial independence today.

3 Tips For Picking Out Winning Foreign Currency Trading Software

By Max Branner

Foreign currency trading software has quietly been gaining popularity for years now. It's estimated that 25% of all traders are currently using some sort of software in their campaigns. This is up 7% from the number who were using it just three years ago. The benefits speak for themselves. It trades partially or completely independently of you while still trading in your best interest. The best foreign currency trading software comes with signal generators, as well, which are the most accurate ways to trade ahead of the curve which is where the real money is made. When you're picking out a program, make sure it has these three key points.

Type of Program - Some programs are partially automated, some are completely automated. If you want a program which will act completely independent of you, there are a number of programs designed with that very function in mind. Other foreign currency trading software works more exclusively as a signal generator. Identify your needs from this program in terms of if you want more free time away from your trading or you mostly are looking for the best signal generations and go from there.

Signal Generator - This is a continuation of the last point. As I mentioned, an accurate signal generator is arguably the best thing foreign currency trading software can offer. You want the best information guiding and affecting your trades, so make sure that it excels in this area. Make sure that it has frequent free updates from the publisher to keep your tips as accurate and fresh as the market itself, most publishers offer this. You can learn a lot from consumer reviews, just pay attention.

Customer Service - Ideally, you'll never have any issues with your foreign currency trading software. Still, if you ever have an issue or question with your program, you'll want to know that you'll be answered quickly. Plus, it bodes well to know that the publisher cares enough about your opinion of them to respond timely and effectively to your concerns. If the publisher has no phone support, try sending them an email and gauging their response time. Same day response time is ideal, just work your way down.

If you're interested in generating reliable and guaranteed income in the forex market, visit http://www.forexautotradingreviewed.com for in depth reviews on the leading foreign currency trading software and begin your path to financial independence today.

Learn Currency Trading - 3 Simple Tips Anyone Can Apply to Make Triple Digit Gains

By Kelly Price

If you want to learn currency trading then most of the information online will not help you win, as the majority loses. The information in this article is not commonly accepted wisdom and that's why it works...

Let's look at how to make more money from currency trading

Tip 1 Cut Trading Frequency

How many traders try forex scalping and day trading - a huge amount and how many win long term - none. Why? Because they are trading random moves and cant get the odds on their side and lose.

The first tip is all about trading less and making more - because you are focusing on the high odds trades.

I know traders who only trade a few times a month but make huge gains, because they understand that they should only hit the best opportunities and you should do this to.

Forget day trading and focus on the big longer term trends that make the big profits, these trends last for weeks months or years and you only need to catch a few each year to turbo charge your gains.

Tip 2 Risk More Per Trade

This isn't being rash this is common sense.

Read most so called experts online and they say risk up to 5% only! Well that's fine, if you are trading 100,000 - but most traders are not, there trading an average $1,000 so 5% risk = $50.00, well you are going to get stopped out by random volatility.

These traders, really ought to brush up on an essential bit of forex trading education which is - standard deviation of price and they will see why it doesn't work.

If you are trading a high odds trade - risk more - Up to 20%.

Keep in mind that most traders risk so little, their guaranteed to be stopped out. They try and avoid risk so much, they actually create it.

If you don't want to risk a meaningful amount, you won't make a decent profit.

Tip 3 Trail Stops Slowly

This is really related to the above point - don't trail your stop to close, give the market room to breathe so you stay in the big trends as long as possible. You have to do this and it takes discipline and it's not easy to take open equity dips but have the discipline to do it and you can make huge gains.

The above is really common sense and seeing currency markets for what they are - a risk market where you need to take meaningful risks at the right time to win.

If you try and restrict risk to much you will lose.

Learn to Love Risk!

See risk as opportunity, have the courage of your conviction, trade high odds trades only have the courage of your conviction, trade with discipline and you will be well rewarded and enjoy currency trading success.

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Forex Trading - The Reason Most Traders Can't Accept Big Profits and Bank to Soon

By Kelly Price

It may seem odd but traders who get trend direction right, bank their trades to early for a marginal profit, when they could have had a huge one and the reason this happens is they make fatal mistakes that are routed in their mindset...

Here is a common scenario.

A forex trader decides on the trend direction and executes his trading signal - he gets it right and it moves into profit, so he's pleased. Now he moves - but in the wrong way. The bigger the profit becomes, the more he wants to take it - before it gets away and as it gets bigger, open equity swings eat into his profit more and he liquidates, or puts his stop up close and gets taken out the trade.

What happens next?

The trade continues in the way that he thought, piles up tens of thousands of dollars and he is not in!

It's a common scenario and the trader has made some fatal errors.

1. If a trend is in motion, it's more likely to continue than reverse so why try and get out?

2. Emotions and confidence issues means he wants to bank and get out - he doesn't have the confidence that the trade will run on despite the evidence.

3. He moves his stop up inside normal volatility and is guaranteed to be stopped out.

The problem is most traders don't want to trade long term trends, despite the evidence that the big ones last for many months or even years.

Most traders don't have the confidence in what they are doing and lack the discipline to take dips in open equity as a normal part of trading.

You have to lose short term if you want a big gain and keep your eye on the bigger prize when you close out hopefully months later!

Most traders always want to put stops close to lock in profit the problem is they put them to close within normal volatility and get taken out. You need to trail your stop right back outside of normal volatility to win, sure you give back a bit at the end but if you caught 50% of every major big trend, you would be very rich.

It takes courage to accept the big gains from the big trends and a disciplined mindset - but if you have confidence and discipline, you can hold the bigger trends for longer and enjoy forex trading success.

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Forex Mistakes - Why Ego Problems Cause Most Traders to Fail

By Kelly Price

One of the biggest forex mistakes you can make is letting your ego get involved in trading. While it is not seen as a major problem it is and causes the demise of most new traders. If you want to win, understand ego problems and how to combat them...

Ego normally comes into play when the following occurs.

1. A Trader Works Hard so he thinks he Deserves Success

In most areas of life, the harder you work the more money you are likely to make.

In forex trading working hard makes no difference to your success, you are judged simply on how accurate your trading signal is and that's it. A trader when he works hard and doesn't win, gets angry and upset and engages in revenge trading or lets his emotions get involved and that is the end of his account.

2. A Traders Believes He is Clever and Should Win

Another group of traders think because they are clever they will win and it dents their ego when they don't.

Clever people think being smart and complicated, will make them money and of course, simple methods work best as they are more robust. These traders can't take the blow to their ego that their knowledge doesn't help them and they are soon wiped out, or stop trading.

3. Inability to Take Losses

Perhaps the biggest problem of all is taking losses and believe me the market is going to give you plenty and you will sometimes face weeks of them, even the best traders do.

Today there is a huge amount of rubbish written you don't have to take long drawdown periods - well you do and you must take your losses and keep them small.

You are operating in an arena where only you can be wrong and the market is always right and it will make you look a fool - this is hard, as we all hate being wrong. Most traders however fail to keep loses small, let them run and the result is disaster, as leverage and running losses simply means equity wipe out.

Be Humble - Work Smart - Be Simple

Winning traders tend to be humble and leave their egos behind in trading.

They know that working hard doesn't guarantee success, so they work smart get the right forex education and keep things simple.

These people know it's the discipline to control their emotions and trading in a disciplined way that will lead them to success. In forex trading your ego will destroy you, so learn to humble and disciplined and you can win long term 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 on how to Learn Currency Trading visit our website at: http://www.learncurrencytradingonline.com

Currency Trading Success Is Not Easy But the Good News is That Anyone Can Learn to Win

By Kelly Price

Trading is a totally learned skill, so anyone can be successful think it's easy and the markets give you a reality check and wipe you out that's why 95% of traders lose. Give it respect and get the right currency education and you can win and that's what this article is all about...

Firstly let's get a few things straight you won't win if you have any of these beliefs

- You can follow a so called expert system and win based on their back testing

- You can trade without losing for long periods

- You can predict market action in advance

- If you work hard you will succeed

- If you are clever you will succeed

- If you listen and trade breaking news you would win

All the above beliefs are wrong, lead to equity wipe out and most new traders fall prey to them.

So How do you win?

The first point to keep in mind is success depends on you and that means learning the right knowledge, having confidence in it and trading with discipline, through losing periods until you hit a home run - and its not easy!

That's why the rewards are so big, for those who can achieve the above.

Do not believe the so called mentors or experts who tell you that there systems with no profits to support them and a simulation backwards will help you they wont. If trading was easy 95% of traders wouldn't lose but this opens up an opportunity for the trader prepared to get the right knowledge and mindset.

Work Smart NOT Hard

Currency trading success requires you to work smart, get the right information and avoid the myths and then you need a simple system ( simple systems work best as they are more robust) and then you have to have the confidence in your rules to cheerfully take your losses and focus on the long term.

It should take you only a few weeks to learn currency trading and then you can make big profits in around 30 minutes a day - if you understand the next point.

Discipline is the Key

Even when you have a good solid forex trading strategy, its hard when the market hands you losses and makes you look a fool - but if you can keep going executing your trading signals and keeping your losses small, you will be rewarded.

Currency trading isn't easy, as trading discipline is hard to achieve but if you can have a disciplined mindset, you only need a simple system and the confidence to apply it and 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 how to Learn Currency Trading visit our website at: http://www.learncurrencytradingonline.com

Beat the Credit Crunch - A Simple Way to Make Make Money Fast For Everyone

By Kelly Price

If you are worried about the financial crisis, then the simple home business enclosed can help you beat the credit crunch and earn a great second or even full time income and make money fast...

The business is becoming a currency trader from home - before you say it's too expensive or hard consider the following points as anyone can do it.

Only Few Hundred Dollars Needed and You can learn currency trading in a few weeks and operate your business in 30 minutes a day. Furthermore, you only need a few hundred dollars to get started, as the rise of online trading has made this business available to all.

There is never a Recession in this Business

Currency trading is the world's biggest business and there is never a recession; as one currency rises another must fall, creating big profit opportunities everyday.

Get $100,000 no Credit Checks Required!

You can leverage your money and this is a key advantage. Your broker will allow you to trade 200 times the amount you put in your account, this aloows you to have the opportunity to make money fast with the right information and attitude, for example.

Deposit $500 and you get to trade $100,000 and this is granted as soon as you open an account - no credit checks required, once your account is funded with your seed capital, the leverage is yours.

How to Learn and Win

The way to win at currency trading is simply to learn to spot trends on charts and reliable chart patterns to put the odds in your favor and trade them for profit.

As humans decide price and human nature is constant, this will show up again and again, in reliable chart patterns where you can get the odds in your favor and win.

Charting is a learned skill, you can master it in a few weeks, then be running your business in around 30 minutes a day and building long term profits.

Beware of this!

You must understand that this is a business that requires discipline.

It's a great opportunity but you don't get money easily, in any area of life but the good news is - if you learn the right skills, can apply your method with discipline, keeping your losses small and running your profits, you can make a great income.

Why You can succeed if you Want to

The hard part is getting the right mindset and being disciplined but if you have a burning desire to build wealth and beat the credit crunch, you will do it.

No other home business offers you the huge potential rewards that this one does.

You only need a modest initial stake and some time to commit to your education which is a few weeks and then 30 minutes a day and your all set.

Are You Ready to Beat the Credit Crunch?

If you want to beat the credit crunch and want to create a great second or even full time income, take a look at global currency trading and change your financial future for the better.

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 how to Beat the Credit Crunch visit our website at: http://www.learncurrencytradingonline.com

Forex Trading Hours

By John A Philips

Getting involved in the Forex market is an excellent way for you to invest your money, provided you understand how the market works. What a lot of people are interested in, however, is the fact that you are able to make trades at almost any given time throughout the week. This is because the Forex trading hours can go on for 24 hours a day, five days a week. As a matter of fact, it is possible for you to be able to trade on the Forex market at any time that you have access to it through a broker.

Even though the Forex trading hours include this 24 hour time span throughout the week, there are still some other determining factors that you need to keep in mind. For example, it is always a good idea for you to make your trades whenever the market is active in another part of the world. That is why it is important for you to understand when the currency markets are available, depending on which currency you are interested in. This will enable you to see the currency move in the shortest amount of time possible because that is when you are going to really make your money. Whenever the market is slow, there is very little going on and the currency will tend to be stable throughout that time.

Of course, it really doesn't matter what the Forex trading hours are, once you're inside the system, the currency can go up and down at any given time. Although currency is constantly in a state of flux, there are times in which it can move up or down drastically without any warning at all. This generally comes about as a result of a news item that affects one area of the world or another. For example, sudden political upheaval or perhaps an unforeseen natural disaster is going to have a devastating effect on the currency in that market. If you're involved in an active trade, this can also move your profits up or down rather quickly.

Being involved in Forex really involves you keeping an eye on what is going on to the best of your ability. Although there are some software programs that are available which will keep tabs on it for you, it is always a good idea for you to maintain control of these things on your own.

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Benefits of Regulated Forex Brokers

By John A Philips

Getting involved in the Forex market can be a very exciting time in an investor's life. Even if you have never taken part in this type of trading before, it is a relatively easy thing for you to learn the basics, although there is always going to be something that you will be able to improve on. The Forex market is available five days a week on a 24 hour a day schedule so it makes it one of the most accessible forms of trading that is available. Even with all of this, however, many people don't realize that the Forex market is not open to the public. In order for you to begin trading, you must go through one of the regulated Forex brokers that are available.

Choosing a broker is a very important part of making sure that the trades that you are going to make will be successful. Although many of the regulated Forex brokers are able to give you advice as far as the trades that you make, many times they are just there in order to help you to place the trades on the market. That is because there are a lot of software programs that are available which help individuals to be able to recognize trends and indicators within the Forex market that will identify successful trading patterns. Even so, it is still possible for you to talk to your broker in order to get advice, especially if you're just starting out.

Even if you use one of the online Forex trading systems, there is still going to be regulated Forex brokers who are behind it all. These are the people that actually make the trades and have the authority to set up the systems which will allow you to buy and sell within the Forex market. Most people don't give much thought to this entire process and they just use whatever system is available. Going with one of the regulated Forex brokers that is going to be around for the long term, however, can help you to avoid some sticky situations that may happen to you in the future. After all, the last thing that you would want to have happen is for your broker to decide to disappear on you or perhaps claim bankruptcy in the middle of making one of these trades for you.

Get my FREE Guide to Forex Trading E-book. Discover more articles, resources, and product reviews at my personal blog. --> FreeDailyForecastForex.Com

The Forex Millionaires - Why Are They So Successful?

By James Woolley

The number of people who manage to become financially free through forex trading is very small, but the ones that are successful very often go on to become millionaires and make vast profits from this potentially rewarding occupation. So what are the secrets of their success?

Well there are a number of reasons why they are successful. The first thing I will point out is that successful forex traders usually have one unique quality and that's discipline. This is one of the most important attributes a forex trader can have. If you don't have discipline you will find yourself deviating from your trading system, chasing losses and trading on impulse, which nearly always leads to disaster.

Profitable forex traders do the same thing day in day out. They use the same money management rules, stick to the same trading system and have a set trading plan, even if they suffer a few consecutive losses. This is because they know that in the long run their trading systems and style is proven to produce profits.

This last point is another reason they are successful - they have developed a profitable trading system. There is a misconception about trading systems that everyone who is making good money from forex trading has found the 'holy grail' trading system but the fact is that you don't need this fictitious ''holy grail' system. In fact it doesn't even exist. Profitable traders and financial institutions make their money by finding a good workable trading system and playing with it to ensure it is profitable in the long run.

Successful traders have the ability to take a good basic trading system and tweak it to generate decent returns. For example, they will use specific stop loss and limit levels to maximise profits. So they may decide to use a 20 point stop loss but target 100 points or more from each trade, or they could decide to use a strategy to cut their losing trades early and let their winning ones run for as long as possible. This strategy can make even the most basic trading systems become highly profitable.

The point I want to make in this article is that you should not be wasting your time looking for that elusive trading system that will be make you a millionaire because it simply doesn't exist. Instead you should be focusing on finding a solid system that will produce high probability trades which in the long run will produce decent profits. Then you can start tweaking this system, maybe adding an additional technical indicator or two, and optimising your returns my using the most effective stop loss strategy and maximising your gains from each trade. Only then will you have a realistic chance of joining the select group of forex millionaires.

Click here to read a review of Forex Candlesticks Made Easy and to read more about forex trading including the exact 4 hour trading strategy that James Woolley uses to trade the markets.

Strategies For Trading on Forex - 5 Simple Strategies For Successful Trading on Forex

By Francis Tayllor

Forex trading, or foreign exchange trading, is a very promising way to increase your income. But that is only possible if you know the ropes of the market. To put it simply, forex is a form of day trading wherein currency is exchanged in a market that's available 24 hours a day. Day trading is the practice of buying and selling and closing all positions in the same day. Most experts say that forex is one of the most, if not the most liquid market around. Global forex trade was last reported to have a daily average of 4 trillion in US dollars (2007 by the Bank for International Settlements). Forex investment is on an all time high and still rising.

Buy Low, Sell High

This is a basic principle in currency exchange. Since there are no other financial instruments except money in forex, buying low and selling high is the only way to go. In trading one currency for another, the buying price should always be lower than the asking price. This is the ideal situation. Say you are trading EU to USD and the bid price is 1.3510 and the ask price is 1.3515. The difference in the bid price and the ask price is what you gain per dollar that you trade. That is: 1.3515 - 1.3510 = .0005. .0005 is what is called pips. In the cited example, the spread is 5 pips. Spread is the difference between the buying rate and the selling rate.

Study the Market

As with all other business pursuits, study the market in forex trading. This will give you an edge over other traders. In studying the market, you must include three basic things:

1. Economic Factors - this means the economic policies and conditions of a currency region.

2. Political Conditions - politics plays a very vital role in the rise and fall of currency values. Beware of unstable countries and observe countries that are on the rise.

3. Market Psychology - be wary of reacting immediately to a movement of a currency. Traders sometimes jump on the bandwagon too hastily and this may result to a market being overbought or oversold.

Get Acquainted With the Trading Tools

There are a number of online forex trading software that you can use and learn from. Some websites even have trials and trading games so that you can practice or try your hand at forex without risking losses. Once you have acquainted yourself with these software, you can move on to the real thing.

Learn the Lingo

The best way to trade is to learn everything you can know about the market. One of the essentials is to learn the lingo. That is, to learn forex trading language. Familiarize yourself with the technical and slang terms used so you wouldn't get lost in the translation. If you know the language, you can have an easier grasp of the goings on in the market.

Use a Broker

A broker is an individual or a company that takes care of your business for you. There are a number of forex brokers available on the internet. You just have to be careful about choosing the right one. What you can do is research about the broker you're interested in. Most firms have websites that you can look into. These sites usually offer a broker's history and reputation.

All in all, forex trading is easy but risky. If you're careful and patient enough to study and observe the market yet, enough of a risk taker to make decisions, then foreign currency trading is just right for you.

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How Can I Be Successful Trading the Forex? - 7 Ways to Be Successful in Trading on Forex

By Francis Tayllor

Some of the most successful day traders get on the world wide web and dabble in forex trading. Forex, or foreign exchange trading is the buying and selling of currency. You may wonder how this works. The principle behind currency trading is quite simple. It's just like any ordinary business but what sets it apart is that there are no material assets used. What you trade is money.

1. Study the Market. This is the first essential step to learn forex trading. As with any other pursuit in life, studying is a key ingredient of success. Learning all you can about forex is vital as this is a very volatile market. The things to take note of are:

• Economic Factors - this is about the conditions revolving around a currency zone.


• Political Conditions - politics is a key moving factor in the forex market. Avoid unstable currencies and go for the more stable ones.


• Market Psychology - rash decision making because of a sudden move in the market may result to overbuying or overselling. That is why you have to watch the market movements.

2. Learn the Language. You should learn all that you can about the market. But in order to really understand, you should know the language. Familiarize yourself with terms like pips, spread, bid price and ask price, leverage, liquidity and trading rooms. This will give you a clearer picture of what you're getting into.

3. Familiarize Yourself with the Trading Tools. There are hundreds of online forex trading software on the Internet right now. And some of these are freewares. You could even play online trading games that could give you an actual market scenarios. Use these kinds of software to practice.

4. Buy low and sell high. For example, you buy US dollars at .7402 Euros per dollar. When the market makes a movement, you sell at .7408. There is a difference of .0006. In forex, this is what is known as pips. Pip is the unit used to give you the spread. Spread is the difference between the buying and the asking price. In this case, you get 6 pips.

5. Take Calculated Risks. Once you have learned the ropes, you start taking risks. But, mind you, don't take risks if you do not know the repercussions. For example, after you have studied the market movement of the Japanese Yen, you may now start trading the currency. Do not go for unstable currencies. Sometimes these can produce the highest returns, but most of the time, they cause losses. The most important lesson mistakes teach us is not to repeat them.

6. Hire a Broker. This is a good step if you do not have the time and patience to study the market. Brokers are market specialists that handle your investments for you. Just make sure that you choose a reputable firm. You can search the web for brokerage firms who are known to have good records. Looking for the right broker is just a few clicks of the mouse away.

7. Update Yourself Daily. Since forex trading is a form of day trading, you should be updated daily about any changes or movements. Keep yourself abreast with the latest developments. In this way, you will know where you stand and you can develop and refine your strategies over time.

Forex trading is a lucrative business if you are willing to learn. It could be the best investment you will make.

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Compare Forex Trading Software - Understanding the Different Forex Trading Software

By Francis Tayllor

When you compare forex trading software, so many things are to be considered. But first and foremost, you really have to understand the venture you are going into. Understanding what forex business is all about will greatly help you on the ins and outs of the trading system. The foreign exchange or forex market is present whenever one currency is exchanged for another currency. It is considered the largest and the most liquid market in the whole world. It includes trading between banks, currency speculators, governments, multinational corporations and financial markets. Each day, worldwide forex market and its related markets are growing by trillion dollars.

Foreign Exchange Growth

Forex trading is continuously increasing because of the importance of day trading as an asset and fund management asset especially pension funds and hedge funds. Because of the availability of online forex trading software in the Internet, trading in the forex market becomes easier.

The Software

Since the coming out of the different foreign exchange software, the process of exchanging currency has been revolutionized. Individual investors can now easily do forex trading online and still earn a profit. The software helps traders in identifying the market conditions that can favorably make a trade and make a profit at the same time. Choose the software that gives the best indicators to achieve optimum exchange opportunities.

Comparing a Software

There are important considerations to bear in mind in choosing the right software to learn forex trading.

• Make sure that the software has a program that gives you time to practice. A free demo ranging from 15 to 30 day period will do, this is the time when trading is done using fictitious money.


• Try different trading techniques for you to identify what works on you and what changes are needed to achieve the acceptable risk level.


• Know the risks and have a corresponding plan for the risks encountered.


• The software should neither push you to make large capital outlay or to make you decide fast. Remember that traders should not be aggressive in order to protect your investment in forex.

With the above guidelines, you will now have an idea on what software to use. You just have to make sure that you choose the one that you are confident with and the one that could give you the professional expertise in the trading business. Do not be afraid to compare forex trading software.

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Best Forex Trading Software - The Features of a Reliable Forex Trading Software

By Francis Tayllor

When you are into foreign exchange business, you have to make use of the best forex trading software. This is something that you have guarantee, whether you are an amateur or you have been trading within the foreign exchange market for several years already. Your trading software should be able to provide you with benefits that will allow you to perform your business efficiently. In order for you to find a software technology that will bring you to the top, you need to shop around and ask around. You can ask your friends or people that you know are also into foreign exchange buy and sell. Aside from this method, you can also check out the Internet. There are plenty of websites that are offering software applications for forex trading.

The Platform of Your Trading Software Should Be Complete

Since there are lots of software applications on the Internet, it is important that you know how to distinguish the best ones from the low-quality software. Online forex trading software should come with wonderful features. It should not only be easy to install or download. You should make sure that you will be able to make good use of your trading software for as long as you are in the business. The best software comes with manuals. These will serve as your guide in conducting foreign exchange trading. It should also be able to assist you, when it comes to your emails, telephone service, technical support, and maintenance service. These services should be provided to you anytime of the day. On the other hand, your trading software should also consist of training materials that will teach you how to make forex work to your advantage.

Your Trading Software Should Provide Utmost Security

Make sure that your trading software is capable of providing you with the utmost security. While you are transacting business online, you are divulging your personal and financial information to other individuals. Your online forex trading software should be installed with firewalls. It should also be capable of blocking hackers. With a secure software application, you can conduct business online, without worrying about losing your accounts. You will be able to test the integrity of the software by downloading free trials. There are some websites that offer small accounts as demonstrations of their software platforms. This is very convenient if you want to determine if it is the best forex trading software for you.

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How to Learn Swing Trading in Forex

By Albert Schmidt

Many people start trading in Forex using short term trading techniques or even scalping techniques. In my opinion learning such techniques is a much harder task than learning longer term trading techniques like swing trading. That was my experience. It may not be your experience. However I believe that swing trading has a number of advantages over the short period trading systems.

1. Pay less in spreads.

Traders don't pay commissions in Forex instead they pay spreads - the difference between buy and sell prices. So if you execute 10 trades in a short time period with a currency that has 2 pips spread you already short of 20 pips. That's the reason I believe a good trading strategy to start with should have less number of executions in the same day and it should have a higher profit target. Swing trading allows you to do that. A trade last for a few days and take-profit levels are usually well over 100 pips.

2. Better emotional control.

Short time trades usually require traders continuously monitor their trades. It can be really stressful for a trader who just starting his career in Forex. You may be already familiar with the emotional roller coaster of observing the price going in favor and against your position. On the other hand longer-term swing trading may require only a small amount of time to monitor the trade. You still need time to study the market and look for the signals of your system. But once you execute the trade, set up the stop-loss and take profit orders then all that left is to come back to you charts once or twice a day to monitor the progress of your trade.

3. Level of noise.

When you work with the higher time frame charts for swing trading you can easily spot the price patterns that you need to trade. Quite in contrary shorter timeframe charts have the level of noise pretty high. Look at one-minute charts everything is buried in random noise so it's hard to see any price pattern appropriate for a trade.

4. Part time trading.

I already mentioned that the longer the timeframe you trade the less time is involved in monitoring your trade and ultimately less time to spot the right setup to trade. This is a big advantage to those who want to see if trading is a good opportunity for them. Those people can spend only small amount of time trading Forex.

To learn swing trading is easy. In my opinion it's easier than most day trading techniques. It does require patience though. Since a trade can last a few days and also there may be no trade days. So it's a good tool to develop you patience. Pick a swing trading system that has a positive mathematical expectation and execute it at least 100 times on a demo account. Don't worry if it takes a long time. Market is always here. There is always an opportunity to start making profit in Forex. Once you mastered the execution of your trade and developed patience necessary for swing trading then look at the outcome of your system. If it has a positive gain you are ready to trade on a live account.

Albert Schmidt is a part-time currency trader. After quite a long time of struggle he learned to make consistent profit trading in Forex. Review a trading strategy he successfully uses in his trading Forex.