What is Forex Trading and How Can It Make You Money

By Rex Fitzpatrick

What is the Forex market? To put it simply, it is a non-stop cash market in which the currencies of different countries are traded for profit. The goal of the investor is to profit from the movements within foreign currencies such as the Euro, U.S. Dollar (USD), Japanese yen, Australian dollar (AUD), etc. Forex trading is always executed in currency pairs and so as movement happens one side gains value and the other loses value.

Foreign currencies are simultaneously and constantly bought and sold not only across local markets but global markets as well. The foreign exchange market is able to change at any time when it responds to real-time events.

The main allurement of currency dealing that private investors have and the attractions for short-term trading in the Forex market are the following:

" 24-hour trading that is available five days a week where a trader has non-stop access to dealers and automated systems in the global Forex market

" The liquidity of an enormous market that makes it simple to trade most currencies.

" Standard instruments in order to control risk exposure.

" Volatile markets that offer profit opportunities.

" Ability to profit in not only rising but falling markets as well.

" There is leveraged trading that has low margin requirements.

" There are many options available for zero commission trading.

As you can see, the Forex market offers tremendous opportunity for profit if you know how to play the game. First you must get a basic knowledge of how to trade in the Forex market. There are some really good resources for this. Get one that is written or taught by actual traders. This is important because this market is mastered by those who trade and not those who just study it.

Second, learn to take all emotions out of your Forex trading system. This is like a business. You always need a trading plan and you must apply it without fail to every trade. This means that when a trade has gone the other way, there is a set level where that trade should get closed out to minimize your losses.

At the same time, when your trades are winning, make sure you let the winners ride to a set point you have defined in your trading system. The goal is to have more winners than losers and for your winners to create extraordinary returns while your losers generate only small losses.

Best Forex Software Trading Features For Increasing Your Profits

By Rex Fitzpatrick

It is well accepted that traders who use software to assist with their trading make more money and are better traders than those that do not. The best forex software trading tools not only allow a trader to complete and monitor trades with much less effort but can also reduce your risk because they are automated systems for implanting your trading system.

As a result, most Forex traders prefer to work online in recent years and most people use some type of software to help them trade. The best feature is that software allows them to avoid getting caught up in emotional trading and helps them focus on the strategies that are the key to successful trading.

If you are getting started in foreign currency trading, or you're thinking about it, you must consider high quality and effective forex trading software. While there is software in every price range, it is more important to look for essential features.

Here are a few of the features you'll find in the best Forex trading software.

1. The software should allow spot trades (which in turn lets you instantly trade at quoted prices. This is important because prices may change quickly).

2. Software should allow stop orders and market limits. Being able to close out losing trades fast and automatically is an essential feature. After all, every experienced trader will tell you that losing trades are part of this business and the ability to close them out fast and without emotion is what keeps your losses low and your overall profits high.

3. The ability to place forward options is also important, since it allows you to trade in the future at a price you fix today.

4. Software should also ideally include forex charts to monitor the movement of specific currencies, including their highs and lows. A spreadsheet format for these charts is very useful, particularly if you can save it to your computer.

Look for the ability to display live prices to the minute, including the bid and ask prices, of forex markets around the world, and provide you with up to date trading signals.

As long as you find a package that includes these basic features, you'll be able to use it to help implement any trading strategy. The best Forex software trading tools will not only handle your trade execution automatically but will also provide features to effectively and efficiently monitor your trading system 24 hours a day.

Remember that any piece of software can only be as good as the information that goes into it. That makes good programming and a user friendly design vital. The interface must be easy to use and understand. The best products out there are developed by not only an experienced and successful trader but also by competent and advanced technologists who make the software very easy and intuitive to use.

Traders who know how to use the best forex software products claim to significantly increase their trading activity volume and more importantly their profits by over 100% as compared to trading without software. These tools also save them time by being able to aggregate data and automate trade placement.

For a review and comparison of the best forex software trading tools for the forex trader, all of which have a 60 day trial period to test them, visit: http://www.ForexTradingToolReviews.com

5 Best Forex Trading Practices For Ultimate Profit

By Rex Fitzpatrick

Forex Trading is very hot right now because it is an ideal place for the smart investor to make money right now. The key to succeeding in this market is by staying on top of your trades and leveraging both information and the forex tools you have out there to help you.

Here are five main tips to help you make money when you trade in the Forex market:

Tip #1: Trade within your Means

In the Forex market, you should never be using money that you need for essentials and necessities in life. You will have some losing trades as this is a part of successful Forex trading. If you cannot afford to lose money trading in the Forex market, then you cannot afford to win. Before beginning to trade in the Forex market, you should set aside a portion of your income setting that up as your investment fund and you should trade only using those funds. Knowing how much you have will also help with your trading strategies.

Tip #2 Ride on Your Wins and Cut your Losses Immediately

This is so important to successful trading. Always have in mind the level at which a trade that is losing money should be closed out. Never ever be telling yourself, it will turn around or it cannot get any worse. Always, have a specific dollar level or percentage level of loss where trades get closed out if they pass it. By using effective forex trading tools and software, you can set this up to happen automatically and this will save you lots of money in the end.

Tip #3: Do not Trade in a Thin Market

Try to trade only on popular currency pairs, and try to avoid a thin market. You may run into difficulties when you try to liquidate your positions due to the lack of public participation. If you are just a beginner in the Forex market, it is suggested that you stay with the big five: USD/EUR, USD/GBD, EUR/JPY, USD/JPY, and USD/CHF.

Tip #4: Implement a Proper Trading System

Every trader needs to look at their funds and risk tolerances to come up with a trading system that works for them. In order to arrive at this, you must learn the fundamentals of Forex trading and review the systems that have worked for others. Once you arrive at parameters for your trading, then stick with them. You can use financial software for forex trading to input your system parameters so your system applies automatically to your trades. These software systems help traders to stick with their strategies (which is essential to winning over the long run). Keep your trades organized and utilize stop-loss or limit the functions in your trade.

Tip #5: Do not trade when emotions are high

This is the most important because it is the reason many fail in this activity. Try to make a trading plan if you do not have one and then follow it to the letter. Do not hold on to your losing position in the hopes that the market will turn around in your favor. If you continue to hold onto your losing position, you may end up losing all of your "free" money. Move on and continue to follow your trading plan. Admit your mistakes if things go wrong. There will always be other trades. If you look at the experienced traders, they apply a system and use specific parameters in every single trade. This is how they have more winning trades that make a lot of money and less losing trades that only lose a little bit of money. This is how they get their 900% returns over and over again.

The secret to removing all emotion out of trades is using a proven Forex Trading Tool to automate your trading system and better ensure that your winners become big winners and you always minimize your losses. Find out how financial software for forex trading can catapult you into making unbelievable profits in this lucrative market: http://www.ForexTradingToolReviews.com

Making Money on Forex

By Odrey Wise

First of all we would like to note that trading Forex is an advantageous trading in many aspects. There are lots of reasons why so many people prefer this very market to other markets:

- no commissions - no fees at all (such as clearing, exchange, government, brokerage and whatsoever fees). Brokers compensate their services by spread.

- no fixed lot size - you determine by yourself the lot size allowing you to trade with accounts as small as $250.

- a round-the-clock market - from Sunday evening to Friday afternoon EST Forex market is open, so you can choose the convenient time for you to trade.

- free demo-accounts, financial news, and technical analysis provided by most Forex brokers are extremely useful for people who want to gain experience before starting practicing on real accounts.

Now we may turn back to our question - what is the way to make money trading Forex?

In the currency market, you buy or sell currencies, it is quite logic. The purpose of Forex trading is exchange of one currency for another forecasting the price change - the currency you bought increases in value compared to the currency you sold and you profit from such increase.

Exchange rate means the ratio of one currency against another. For example, the GBP/USD exchange rate means how many British pounds can purchase one U.S. dollar, or how many U.S. dollars you need to buy one British pound. Currencies are always quoted in pairs because while making transaction you simultaneously buy one currency and sell another. Base currency is the first before the slash and the second one on the right is the counter currency. Base currency is the "basis" for buying or selling. If you buy for example EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency.

You buy the pair if you believe the base currency will go up against the counter currency and you sell the pair if you think the base currency will go down against counter currency.

If you want to buy you expect the base currency would rise in value and then you will sell it at a higher price, this process is also called by traders "to take a long position". If you want to sell you expect the base currency would fall in value and then you will buy it at a lower price. This is called to take a "short position".

The following example demonstrates how to use fundamental analysis to help us decide whether to buy or sell a certain currency pair.

EUR/USD

Here Euro is the base currency.

If you think that the US economy will weaken, you would execute a BUY EUR/USD order.

If you think that the US economy is firm and euro will weaken against the US dollar you would execute a SELL EUR/USD order.

When closing your position, the deposit originally made by you is returned and a calculation of your profits or losses is done. This profit or loss is then credited to your account.

Before opening a real account with real money you should procure yourself with the necessary information and after studying it try yourself at demo account that is provided for free by most Forex brokers. It allows you to learn more about forex market and to test your trading skills without any risks.

And one more important thing - be sure that you are demo trading for at least half a year before even thinking about involving real money!

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The Forex Trading Machine Advantage

By Michael Jay

Do we need forex trading machines or so called forex robots? The forex market is a huge money go round. It operates 24 hours every day 5 days a week. Untold millions of dollars change hands every day and many traders have seen this as a golden opportunity to make money. However, do not get carried away with the ease of access and the ready availability of willing buyers and sellers. This can lead to a feeding frenzy of over trading. It is the downfall of many budding forex traders. The alarming fact is most traders lose money and the main reasons are both over trading and the emotions of greed and fear.

This is where the benefits of forex trading machines come in. The active forex trader can set their trading software to operate within set parameters. Trades are only taken and closed when the rules justify action and targets are reached or stops are triggered. Machines are totally dispassionate and are not swayed by emotion. They stick to the rules they are programmed with and have no problem pulling the trigger on a trade. They won't make money all of the time but they can, in many cases, be more reliable than a human trader.

Not all forex trading machines are created equal so it is very important to shop around for software programs with a proven record. Find one with good support because there will always be beneficial upgrades as the forex markets change over time.

Find the trading machine that makes forex trading simple, profitable and as stress free as possible. Remember profit, no matter how small is better than the alternative. Use your software wisely and have it set conservatively to reduce risk as far as possible. Check the track record before you commit to a system. At first paper trade only until you have confidence in your forex trading robot and then constantly monitor your results.

Michael Jay writes on many subjects with a particular interest in finance and forex trading. You can read more on forex trading machines and systems at http://forextradingmachines.com

Some of the Leading Financial Software for Forex Trading

By Max Branner

The best way to exceed in the two most important areas of the forex market, accuracy and timing, is through financial software forex trading.

Many forex traders turn to financial software forex trading for the timing advantages it brings to their campaigns. As the forex market keeps much longer hours than the traditional stock exchange, it requires you to be able to stay on top of it at all hours of the day and night. This is largely why the software was created, to lift a great deal of the weight off of the shoulders of the trader.

The financial software forex trading keeps a constant watch over the market at all hours of the day on your behalf, as well as your campaign. It senses even the slightest changes in the market and ties this information into your trades. If the market quickly changes out of your favor, the software quickly recognizes this and exchanges away your currency on your behalf, saving you from considerable losses.

This is a major boon for the average trader, as not only is it unlikely that you'd notice the change in time, odds are even if you had you might not be able to process the transaction as quickly both mentally and physically nearly as quickly as the program could. The program can make these difficult but crucial split second decisions like no other.

Arguably the most powerful tool which is associated with financial software forex trading comes in the form of tip generators. These are tools which come with the program and use the fact that they constantly analyze the market to pick out upcoming trends so that you the trader can trade accurately and ahead of the curve. These programs rely less on guesswork but more on cold, calculated algorithms. These algorithms are tested months and years sometimes in advance to make sure that they are as accurate and precise as possible before being made available to any traders. If you want the most precise information affecting your trades, there is no substitute for financial software forex trading.

Start building some reliable and guaranteed wealth and begin your path to financial independence today. Visit http://www.forexautotradingreviewed.com for in depth reviews on the leading automatic forex trading software available today.

Trading Price Action - This is What the Pros Do!

By John Templeton

Trading Price Action has go to be the most overlooked trading method in the forex market. There is a very simple reason I say this. Just look at how many people fail at trading forex.

If you haven't heard the statistic, here it is: 95% of people who trade forex, lose money.

I know that statistic is rather depressing, but if everybody just stopped making the same mistakes that most losing traders make, there is a very good chance that you could be part of the 5%.

So how is it done? This is so easy, that I can't believe more people don't think of this. Why don't you just do what the rich and successful do?

If you do a little research, you'll find out what the number one weapon is for the traders that are doing this full time. It's price action.

Obviously different traders use price action in different ways. But the main point is almost none of them use indicators like Stochastics as part of their trading methods.

Who does use indicators? I don't want to pick on them, but if you go on almost any forex forum, you'll be stunned to see how many traders rely on indicator heavy systems. THEY DON'T EVEN LOOK AT THE PRICE! All that matters to them is what the indicators are showing.

It should be becoming quite clear as to why 95% of the public fail at trading forex.

The thought of trading price action never even crosses their mind. They'd much prefer some random indicators, which are just lagging formulas telling you what has already happened, to tell them when buy or sell.

Price action trading is pure. There are no gimmicks to it. It tells you what you need to know, and leaves out all the clutter. It's almost as if the market is speaking to you. The problem is with all those indicators, it's kind of hard to hear it.

John Templeton has been a successful forex trader after trading price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.

The Secret to Forex Trading - Keep This Under Your Hat

By John Templeton

To all those struggling traders who are looking for the secret to forex trading, I've got good news for all of you. I'm going to take you behind the curtain and tell you the real secret that most of the public doesn't know about.

Here it is: Price Action.

I'm sure you were on the edge of your seat waiting for some mythical information that you've never heard before. I'm sorry to disappoint you, but it is the truth. If you are hesitant to believe me, I don't blame you. There are a lot of people out there, claiming they know the holy grail of trading.

You don't have to take my word for it. You can just do a little research. Learn all about the most successful technical traders in history. It doesn't matter if its forex, stocks, options, futures, etc.... You will notice they have to say one thing on the subject: They all use price action. Obviously, all of them don't use them in the exact same way, but it's their main mode of operation.

You should read what many of them have to say about indicators. To say that many of these traders don't like them would be a bit of an understatement. I'm sure you all have heard of the statistic saying that only 5% of forex traders are making any money. THESE ARE THE 5%. I am very proud to call myself one of them. Now let's take a look at the flip side: The other 95%. What do they have in common? You can go to most forex forums and see for yourself.

They are all so busy concocting trading systems with loads of indicators, creating forex expert advisors that will never make consistent profit, always looking for the next great thing, etc.... I admire their passion. It's obvious they really want to become successful forex traders, but all their energy is being wasted trying to find the ultimate secret to forex trading. The real secret have been used by the best technical traders, even before they used charts.

Price Action: It's really not much of a secret, although most have never heard of it.

John Templeton has been a successful forex trader after learning the real secret to forex trading. which is trading trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.

Online Trading Education - You Will Probably Fail!

By John Templeton

If you are looking for an online trading education, here is something you might like to know. You will probably fail at trading.

Don' be upset when reading this. I don't mean to crude or put down your dreams of being a successful trader. I am just stating the facts.

The fact is 95% of traders will lose money in any given year. That statistic puts it all in perspective, doesn't it?

So what is it, that the 5% do that the other 95% don't do? Are they just a lot smarter? So they know some secret code or the ever infamous holy grail that people like to talk about?

Well, as one of the 5%, the answers to those questions are a resounding no. No, the 5% aren't any smarter than the 95%. As a matter of fact, you' be stunned to know how many dumbbells there are in this world making money, trading. So intelligence really isn't a requirement.

As far as the second question is concerned, there is no real holy grail. There is no secret (at least none that I am aware of).

It's just that you'll find that the majority of the successful traders can make money just by using a simple bar chart. They don't need all the fancy bells and whistles that most people are spending a fortune.

That's because they understand the power of price action. With price action, you don't need a thousand dollar piece of software or some "magic bullet" indicator.

They know that it's not the equipment, it's the trader.

When I finally learned that, it was the best education on trading that I ever had.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He know has an online trading education course called Trading In The Buff.

Learn to Trade Currency - Think Outside the Box

By John Templeton

So you want to learn to trade currency? I don't blame you. There is a lot of opportunity to make a lot of money for those that can understand how to properly trade the forex market.

The problem is that many people just don't have a clue. This is just a fact. How many people you know who are making a living trading forex? I'm guessing you don't know too many. I didn't either when I was first starting out.

So I did what most people do when they wanted to learn how to trade currency. I tried to find as much freely available information as I can get my hands on.

I basically lived on forex forums for three months. You'd think I would be an expert on the subject of forex trading after it was all over? Well, not exactly.

I basically learned about how other struggling traders were trying to find their way in making a living trading forex. Many have been trying for 5+ years and they had nothing to show for it.

I really became depressed about it and then I thought to myself, how could somebody not be able to learn currency trading with all these threads in all these forex forums.

I took a second glance and I noticed what most of the threads were about. They were mostly all about some system that uses indicators.

The titles of the threads would be something like:

My 5 MA system

How I use stochastics

My special RSI trading system that I just developed.

It hit me like a ton of bricks. Nobody had a clue on how to trade the markets without a bunch of indicators telling them when to open and close a trade.

It's like they didn't even trust themselves enough to take a trade unless a couple of moving averages had crossed each other.

I wondered if the truly successful traders traded like that. The answer is a resounding NO.

After researching this a little further, almost every single successful trader that I read about it, said that once they understand price action, they understood the market.

I made it my mission ever since then to learn price action and I haven't looked back since. My trading account and I have been happy ever since.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. The truth is anybody can learn to trade currency.

Learn to Day Trade - It's Not As Hard As You Think

By John Templeton

Many people want to learn to day trade, but they are a little intimidated by the idea. They think only the "real experts" know how to do it and its something that most of the trading public will never understand. We'll that is just not the case.

Anybody can learn to day trade.

It s a little bit tougher if you are trading the stock markets, due to the day trading rules and regulations that are applied to it.

That is certainly not the case for forex. With forex, day traders have free reign as to how many times they can go in and out of a trade in a day. It just doesn't matter.

So now that you know its possible with forex, how do you actually go about learning how to day trade?

Well, let's take one thing at a time. If you are planning to day trade, you are going to have to be interested in technical analysis. There is no getting around it. You are going to have to learn how to read a chart.

I don't know too many fundamental traders who day trade. Fundamental trading involves a more long term perspective.

So, as far as technical analysis is concerned, you are going to have to do what almost every single successful trader does: They can just look at a chart and know exactly where it's going to go.

This may sound like all successful traders are psychic. I assure you that is just not the case.

A lot of people think that the really successful forex day traders are just a lot smarter than the ones who are losing. Let me dispel that myth, as well. Nothing could be farther from the truth.

As a matter of fact, I've met some incredible day traders who would need instructions on putting on a hat.

Many of them didn't even graduate high school.

So how did they become successes? It's real simple. They understood the concept of price action.

The unsuccessful traders struggle because they usually have indicators telling them what to think. They somehow feel that these indicators know more about the market than they do. It's really quite laughable.

Only when you get rid of your indicators and see the market in its truest form will you be able to learn to day trade.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. You too could learn how to day trade.

Learn Day Trading by Getting Rid of Your Indicators

By John Templeton

So you want to learn about day trading? Word of Warning: The vast majority of day traders lose money.

If that sentence didn't phase you, then you might be one of those who will have success day trading, as confidence is rather important this field. Just make sure not to get too overconfident.

But even beyond that, the problem that many day traders have is that they just don't understand the market.

That's why you see so many of these day traders inundate their chart with useless indicators that provide absolutely no insight to the market such as stochastics, MACD, RSI, and other bells and whistles that may look pretty on the charts, but don't amount to a hill of beans.

All these indicators are good for, is to tell you what has already happened. They are completely lagging by nature.

The remedy for this is simply to learn price action. Study a chart, naked (the chart, not you). Take off all the indicators that you find so valuable and just look at it, in its most raw form. A bar chart is all you'll need.

When you do this, you'll start to see price action can be predicted. There are literally hundreds of opportunities to scalp the markets every single day. They are right under your nose. It really is a day trader's dream out there.

It's just so difficult to see this when you have staring back at you, are these indicators that are of no help.

If you want to learn day trading, you better learn price action. They are synonymous with each other.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. You too could learn day trading.

Forex Trader Training - First Lesson is to Lose the Indicators

By John Templeton

There are so many traders out there looking for forex trader training. I can certainly empathize with them. After all, I used to be one of them.

It's kind of an uneasy feeling. You hear about how some people are becoming rich trading forex and you wonder how in the heck they do it?

So, you start searching high and low for (as forex traders like to call it) the holy grail of trading.

You think that it's out there somewhere. So you buy every piece of junk of trading system, forex robots, overpriced trading software the market is selling. You only realize after you bought them that they were completely useless.

Don't feel bad if this is you. I know exactly what you are going through.

I can't even begin to tell you how many of these automated systems I bought. These were the kind of systems that tell you exactly when to get in and out of a trade.

They were usually the ones that have a big arrow pointing down for a sell or big arrow pointing upwards for a buy.

I can't believe I used to buy this kind of garbage.

Think about it. How do we know what's the reason why we are selling or buying? We don't have a clue!!! We're doing it only because there is an arrow there. Does that not sound incredibly ridiculous to anybody else?

That isn't exactly what I call training a forex trader.

It eventually dawned on me. When I look at all the successful forex traders in the world, I'm pretty sure none of them could really care about what some lagging indicator has to say about the forex market, and its true.

Look up interviews at some of the more famous technical traders in the world and see what they have to say on the subject. I can almost guarantee you that they'll criticize indicators.

It's their belief that if you can't look at a simple chart and know where the price is going to go, you are not ready for trading. After the success I had with trading just using price action, I would have to agree with that statement.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He offers one of the best forex trading training courses available.

Currency Trading Strategy - The Less is More Method

By John Templeton

I know how hard it is to find a currency trading strategy that you can have success with. But if you look at the majority of the strategies that we see, I'm sure you could see why that's the case. For example, a lot forex traders like to go forex forums, and talk about trading strategies and see if they can come up with something good. I am all in favor of this. However, the problem that I see is that they involve a lot of heavy indicator driven systems. You read about these systems that just cover up your charts that you don't even know what you are looking at. It's no wonder why so many people fail at currency trading.

Think Less Is More. This is what I want you to do.

I want you to completely get rid of everything that's on your chart so all that is left is a basic bar chart. This means getting rid of all your bells and whistles and what you always felt comfortable trading with. Next, I just want you follow the price. This may seem very unorthodox at first, but stick with it. If you really take the time to study the movements of the price action, you will notice that there are patterns which do repeat themselves.

These are the kind of patterns which can help you predict the future movements in price. Without all the space is eaten up by those indicators, you can have a real and true understanding of market behavior. It's an uninterrupted view of the market. It's the last currency trading strategy you'll ever use. It's always baffling to see how many traders cover their charts so badly, that they can't even see this. Don't make the same mistake that the majority of the trading public makes.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He has developed his own currency trading strategy called Trading In The Buff.

Best Education Forex - Throw Out Your Indicators!

By John Templeton

You want to know what the best education a forex trader can have? It's the moment when they clear out their charts of all the indicators that they normally trade with. You heard me right. I want you to completely get rid of everything that is on your trading charts. This means stochastics, MACD, RSI, Moving Averages, and whatever else you are using.

I want you to be looking at nothing but a plain bar chart or candlestick chart. This may sound completely insane to many people. But you want to know what I think is insane? I think it's insane that people use indicators to interpret to them what the market is doing? Why in the world would you follow some formula that's basically telling you what has already happened in the market? Instead of having the market interpreted for you, why don't you just learn the language? And that language is price action.

I am always amazed when I read on a forex forum about a trader coming up with a system that used 5 stochastics, 10 different moving averages, 3 RSI indicators, and he always says "I've just come up with the holy grail" WHAT?!?! He thinks by throwing enough indicators on a chart and seeing some coherence between the indicators that he can predict where the price is going to go. Does this strike as you as the best education you'll find in forex trading.

That same person, if asked WHY is the price moving a certain way, he wouldn't have the slightest clue. He would basically say "that all the blue lines are above 80". I'm guessing George Soros doesn't quite look at the market in the same way. I cannot stress enough the importance of cleaning up your charts and listening to what the markets are telling you. When you can explain the reason as to why currency is going up or down, then you know you are a real trader.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He has created his own forex education course called Trading in the buff.

A Forex Trading Tutorial - How Price Action Helps Traders

By John Templeton

If you are looking for a forex trading tutorial, then I am sure you are a new or struggling trader who is still trying to find his way in the tough learning curve that is the forex market.

I'm sure searching and sifting through all the information that the internet has about forex trading is enough to give you a migraine. I can sympathize with you, because I had to go through the same exact thing.

There are a million people telling you a million different things. The majority of them are telling you about a trading system that uses a bunch of indicators and all you have to do is follow them and you'll make millions of dollars.

Well, I can safely tell you from my experience that using indicators like stochastics or moving average as your sole factor for taking a trade will probably not get you very far,

Once I understood price action, I understood how the market worked, and most importantly how I can use price patterns to predict where the future price would be.

Here are some advantages to trading with price action:

Know the real support and resistance lines: I don't mean those lines that you get from an indicator. I am talking about the real points of support and resistance that no indicator can pick up.

Understand Why The Market is Moving in A certain way: How many traders you know who use indicators and still don't have a clue as to WHY the market moves the way it does.

Ability to predict swing points: It's always a great advantage to know at what price a currency is going to stop and turn the opposite direction.

Trade in all Different Kinds of Time Frames: No matter if you are a scalper or long term swing trader you can use price action.

Trade in Any Market: Price Action is completely universal. It doesn't matter what market you are into, whether they be forex, stocks, futures.

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He created a forex trading tutorial called Trading in the Buff.

Accurate Forex Trading System

By James Davis Jr

Hi, I want to share some amazing information that I think will help the beginning traders out there. With the way the stock market is so crazy these day. It is truly hard to make any money in these markets unless you truly know what your doing. I think forex trading will be ideal for the new trader and here is why I feel it will be better.

For one you have thousands of stocks to pick from and if you don't know what to look for you will get beat up in these markets, now with forex trading you have 6 major currency to look at. Much easier on the eyes don't you think. The Stock market trades from 9:30AM to 4:00PM, the forex market Trades 24 hours a day. You can trade these markets from any where around the world. Plus when you start with forex trading, you can start with as little as $300 dollars for a mini account. Not a bad start huh! Now here are only 6 currency pairs you will keep your eyes on.

-Australian Dollar (AUD/USD)

-British Pound (GBP/USD)

-Canadian Dollar (USD/CAD)

-Euro Dollar (EUR/USD)

-Japanese Yen (USD/JPY)

-Swiss Franc (USD/CHF)

Now here is the Accurate Forex Trading System. I feel this is a easier start for you. and here is what I mean. When your trading currency you always want to trade with the trend, meaning if the (USD) is going up, you want to go the same way. now here is another way to make trading currency a little easier. You can always practice on a demo account first, which mostly all brokerage firms have.

It will allow you to trade without using real money and yes I still use it till this day. use a demo. I always want to learn and try new strategies. Another way to incorporate the Accurate Forex Trading System is really look at the directions of the big 6 currency. What do I mean by this. When the (USD) is going down chances are all the other currency are going up and when the other countries are going down (USD) is going up.

Don't take my word for it, just watch it. You do want to read as much as you can with trading currencies. You will want to learn about charts, placing stops, learn about money management. always use the Demo to learn and make your mistakes on, it won't cost you a dime. Happy trading.

Always keep learning http://www.accurateforexsystem.com James Davis Jr

How to Earn Much Money in Forex Although the Global Financial Crisis is Happening

By Evan Hiumawan

It's not a secret anymore that we're in global financial crisis. Almost every government in European Country and also USA have agreed to support the banking and financial market for 4 quintillion US Dollars.

I'm sure that you want to get some of this 4 quintillion dollar, don't you? As we can see, nowadays the volatility of the Forex is very big. It's your chance to earn much money.

If you don't even know what Forex trading is at this point, you need to get some proper Forex training to learn it.

One big issue you should know is that people who are successful in Forex trading usually have a shortcut named automatic Forex trader. Automatic Forex trader trades in different ways compare to the traditional Forex trading system. It does better ways of doing the automatic Forex trading and also makes Forex trading simple, too! The amateurs can also act like the professionals with its help.

Automatic Forex trader program usually offers how to trade Forex safely and how to control your emotion in making decision. Such as Forex Brotherhood offers you Forex training. Forex daily broadcast by Forex experts and Forex daily report which can help you to make a decision.

You should not enter an actual account for the first time. You should always start with a demo account before you actually try it for real and manage a real account which is already included in automatic Forex trade program.

Don't panic if you don't want to lose any money from your pocket. Almost all the automatic Forex traders give you free $500 into your live trading account after you purchasing the products which only cost you from $99,5 for lifetime license.

Give it a try for yourself to earn much money although the global financial crisis is happening. When you can't get any money with automatic Forex trader program, they offer you 8 week money back warranty. It's absolutely no risk.

All the automatic Forex softwares are instant download upon payment and very easy installed on your normal computer. Are you ready to make money with Are you ready to make money with automatic Forex software? Click here for free report and comparisons of best automated forex robots in the market

Three Problems You Have That the Forex Autopilot System Does Not

By David Gregson

Why should you use the Forex Autopilot system? There are three problems with not using an automated forex trading system.

I am certain people have told you that you can make big money by trading foreign currencies, right? I am also willing to bet someone has told you it is simple to do. Is this true?

Well, I can tell you that there absolutely are big gains to be made in forex, that is certain. Whether it is simple or not is an entirely separate issue. That's why you might need some help from the Forex Autopilot system.

Forex trading appears to be really simple to people who look at it for the first time. Actually it is, compared to the stock market with its millions of equities to monitor and choose from. And another big attractive factor is the liquidity. Somebody will always accept your trade no matter how big and at whatever time.

Here are the problems:

Problem number one - Information overload.

When exactly should you buy or sell? Websites, books, forums will all attempt to educate you on how the various indicators work and what they should mean as signals. However, the final interpretation is yours. EMAs, Bollinger Bands, stochastics, MACD there are loads of them. You can end up putting so many on your chart you can't even see the candles.

Problem number two - Human emotion.

Okay, imagine you believe you have got all the signals together and they are telling you to buy so after biting your nails you do. What do you do next? When do you exit the trade? Wow, you make a lot of pips and it looks like the trend will continue so you don't exit but stay in the market. You make a cup of coffee, return and things have turned in the opposite direction. Do you sell? Do you wait it out? You have to rely on your feelings.

Problem number three - Time.

The forex market is always open but can you wait for signals in front of your computer 24 hours a day? Even if you wanted to you wouldn't be enjoying yourself as you would be constantly on edge.

The Forex Autopilot system can crunch more data than you could in a hundred years. It won't get over-confident or start to doubt itself. It has no concept of time. All you need to do is set up the currency pair, time frame, stop-loss and take-profit levels etc and you can live a normal life.

The Forex Autopilot System takes the pain out of forex trading. You are only human after all and so are subject to the emotional rollercoaster that goes hand-in hand with playing the markets. Automated forex trading software can help secure you financial future.

Which Forex Program Will Teach Me to Invest Like a Professional Forex Trader Money Making Machine?

By William Alheim Jr

Let me get this straight, you want to invest in the Foreign Exchange Markets (Forex or FX) and be able to trade like a professional Forex trader because you understand they make substantial sums of money. They live the high life and travel the world seeking pleasure and adventure and you want to join them. Do you think it easy? Are you ready to study really hard? My Greek friend Spiro, I love this guy, had a great saying; "if it was easy everybody would do it." Well it is not easy, but is a skill that can be taught and a skill that can be learned in a relatively short time frame if you are willing to do what is needed to be done. Follow the Forex program laid out below and you will be making good money in the currency markets in two months.

First and foremost, if you are not prepared to invest in your own education just find something else to read. Although, it is relatively cheap, if fact it is nothing if you knew how much money I make as a professional Forex trader, you would consider the price a joke like I do. The initial process you MUST follow is to learn Forex trading. Kind of makes sense, doesn't it? How are you going to do anything if you don't understand what you doing? Your not is the answer, but that never stops the novices from entering the markets everyday paying for my yachts. That's right, bad currency traders make me big money. If everybody in the markets was a pro, it would be much more difficult to make money. I thank god everyday for the idiots that work for years earning money and just give it to me in the couple of hours a day I spend at the computer trading the Forex markets.

I don't like working to tell you the truth. I like playing golf, going sailing and then out to dinner and having a few drinks. I figured out a long time ago, it is much better to work smarter than harder. That is why I started trading the Forex markets ten years ago; it was the easiest way I could find to make me wealthy. I quickly realized how easy it really is, the currencies you trade can only go in two directions, up or down. A blind man throwing darts at a board to select currencies has to be right fifty percent of the time. All you need to do is increase the percentage a blind man has of picking a currency to be rich. I liked those odds the second I saw them.

I keep telling you how easy it is and I almost forgot to tell what Forex program you need to follow to learn currency trading and make big money doing it. Sign up for a comprehensive Forex training course first and this will provide you an excellent foundation to build your education on. Next, register for a Forex mentoring class which will be taught by a Forex trading professional who will provide one-on-one training. By the time you are done with those, if you work hard and learn everything that they are going to teach you, then you will be prepared to become money making machine racking up capital gains like a monster.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Which Automated Forex Trading System Allows Me to Play Golf All Day and Come Home Rich?

By William Alheim Jr

Let me see if I have this straight, your really lazy, don't want to learn anything, will not study, have never invested in yourself and want to become rich. Is that correct? You have heard that you can buy an automated Forex trading system for a $100 and go to the beach all day and then when you come home you will be rich. You are well aware that banks and brokerage firms have invested millions if not billions attempting to develop a system that works, but you think you can buy one for $100 and you will have more money than you ever dreamed of. I have a single question for you, have you lost your mind?

Really, Forex trading and making big money is so simple to begin with, after all a currency can only go up or down. How hard can it be to pick a winner? Not to hard is the answer. But, I am sorry to tell, the automated currency trading systems don't work and never will work. The reason for that is there are too many factors that need to be programmed in and weighted correctly for it to ever function properly. Not to mention, those factors not only are changing daily, in many cases they are changing hourly if not by the minute.

The Forex software trading systems are valuable tools to help you make decisions. That is all they are. They perform task that humans are not capable of. Such as collecting huge amounts of statistics, collating them and creating signals or recognizing trends based on the software's initial programming. That is all they can do. They are tools that you can not even think about trading currencies without.

If you take your time to learn Forex trading from the ground floor up and invest in your education then you will be fully prepared to make decisions for yourself. The next step is to acquire a few tools to help you do that. All automated Forex trading systems allow you to turn the automated trading off. What they do well, as I stated above is they collect date and send you that information in a time frame that you could never do yourself. If you really want to play golf all day and be rich, you can do that trading the currency markets. That is if you take your time to learn currency trading and acquire the tools you need to help you make the best Forex trading decisions.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

The Forex Software Trading System I Use Does Not Make Money - I Wonder Why

By William Alheim Jr

So many people with little or no knowledge of the currency markets purchase a Forex software trading system still are not able to make money. No kidding, I really can't even remotely comprehend how a person that has no education, no experience, no training and no mentor to get them up to speed on the currency markets actually thinks they can buy a currency software trading system and they are going to be rich. It is absolutely beyond belief, but people do it every day. The best one is the automated Forex software trading systems that tell you can go to the beach and come home rich. There are really people that think you can spend $100 and you will be a millionaire in a month.

Have you ever heard the old proverb, which states, "If you sound's too good to be true, it probably is?" If something could really make you a million dollars, do you think the person selling would sell it for a $100? Of course not! But, each and every day there are people that buy them and are disappointed when they lose money. Look, there is a huge amount of money to be made in the currency markets and it is really not that difficult. But, if you're lazy and don't want to learn, if your cheap and will not invest in your own education for the future, you really need to find something else to occupy your time, because trading currencies is not going to be for you.

First, let me say there are many exceptional Forex software trading systems available today that can be purchased relatively inexpensively. These can be used as tools to help you make decisions by capturing, processing and interpreting data pertaining to the currency markets. They can not trade for you, nor can they make investment decisions for you. They can help you trade, help you make decisions, but simply put you must be the final decision maker, period.

If you don't know much about the markets, you really need to learn Forex trading from the bottom to the top before you can realistically having any chance of making consistent profits. This can be done by enrolling in any of the many fine currency trading courses. After that has been accomplished, then it is time to buy all the tools required to give you a fighting chance. To go out and buy a piece of currency trading software and attempt to use it and think you really are going to make money if you know nothing about the markets, is just idiotic!

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

The Forex Program Which Helps You Learn Currency Trading the Quickest and Makes the Best Profits

By William Alheim Jr

There are many different types of Forex programs that are sold today to private investors entering the currency markets looking to make money. I personally prefer the simplest method possible that consistently makes money. Are you aware of the fact that most millionaires have found only one or a few ways of making small profits and simply repeat them constantly until those small profits when multiplied become huge profits? Taking the time to learn Forex trading and a specific method of trading is exactly the way most professional Forex traders became as rich as they are.

Most of the really simple methods of trading Forex are developed and marketed by self taught gurus who have found one way of trading that makes money over and over. These are extremely easy to learn and replicate. You simply do exactly like they teach you in the course and there really is no decision making required on your part. Some of these teach you to trade a specific currency at a specific time of day if an indicator is focused in the correct direction. The professor for this Forex program states, "If he did not make enough money in the morning trade, he simple repeats the process in the afternoon." This courses students swear by his very easy to learn and to duplicate routine to a point where they are almost a cult following.

I personally have tried this approach and found it so unbelievably easy that it is amazing. Of course, as a professional Forex trader I have much more sophisticated methods of generating larger profits. The trouble with my methods is the learning curve it would take a new currency investor to be up and running with them. Where as with his approach, you learn a little about the Forex markets and his way of trading and with in a few days you are actually make real good money.

I am just so tired of receiving emails from my newsletter subscribers telling me that they can't make any money in the Forex markets. I send and email back and ask them if they have signed up for any of the courses I suggested and nine out of ten times the answer is no. They will email back, I bought one of the Forex software trading systems you told me about though. I just want to hit them on the head with a hammer and tell them not to email me anymore, but they still do. How can you possibly make money doing something, if you don't know what you're doing? You can't is the answer. If you are not making money in the currency markets it is nobody else's fault but your own. I just told you about a very simple Forex program I could teach a ten year old kid to do that will if nothing else makes you a profitable trader. And if you stick to the method, don't try to expand on it and stay consistent with it. You will be just like the millionaires I told you about, who found one approach to doing something that makes a little money and you simply repeat it over and over.

We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Characteristics of the Winning Automated Forex Trading Software

By Richard U. Olson

If you want to make money in the currency trading market while you work, sleep, even take a vacation, you are going to need automated Forex trading software. New technology has made this software which once cost thousands available for as little as $100! This software can be put to use instantly on trading platforms freely available from hundreds of online brokerages. You finally can trade on the Forex market even while you are nowhere near your computer. Automated auto-trading software makes this possible and it is being adopted by novices and experienced traders alike.

What you can gain from automated Forex trading software?

- Automated Forex trading robots can trade around the clock in all of the popular currency pairs and this is impossible to do manually.

- You can get these Forex robots for less than $100; many Forex trading programs are out there which integrate with the Meta Trader 4 platform, the industry standard among Forex brokers.

- Forex trading robots operate strictly on algorithm of the trading software and are not swayed by any emotional response.

- You can test and configure Forex trading for optimal performance by using demo accounts before taking them into live trading using real money.

Any automated Forex trading software you are considering should have certain features. There is a lot of confusion among Forex traders regarding what Forex trading software needs to be able to do. You should never buy automated Forex trading software which does not meet the following criteria:

1. Forex auto-trading system should have the capability of analyzing the market thoroughly and give you an edge on your trades.

2. Mathematical modeling (the Fibonacci formula) of the movements within the market to make trades which will be the most profitable.

3. The software has to have an integrated system of money management which makes the decision which ensures you profitable trades even in unfavorable market conditions

4. Your Forex robot software has to be able to take a look at the big picture and identify trends in order to help you make trades at exactly the right time to make the biggest possible profits.

5. Automated Forex trading software should leave your position open for as long as you are still making money on a trade - and know when to close the deal.

6. Watches the behavior of currency pairs in many different markets simultaneously and keeps track of the movements of markets over time to let you see the trends in the Forex market as a whole.

7. The software absolutely must work with the Meta Trader 4 platform.

8. The software is user-oriented and follows the "Keep it Simple Stupid" approach for effective and profitable trades.

9. The software must allow you to work with a demo account to make yourself familiar with the market and the software so you can fine tune your settings for optimal performance.

The fully automated Forex Autopilot system is for beginners in Forex trading and financial experts. Even though it does not requires you to have any trading experience or knowledge in the Forex market it is best to pick up some basics on Forex trading from the course at the link below.

Richard U. Olson recommends the state of the art Fully Automated Trading Software that he uses to make consistent profits in the Forex markets. Grab his FREE e-course on Forex Trading Tips to realize your financial dreams.

Best Forex Software to Make Money Consistently

By Richard Ackerman

Trying to find best forex software can be really discouraging if you set out to look for it without knowing what or where to look for.

The first thing that probably comes to your mind is whether a software can actually help you accomplish the goal of a profitable forex trading operation.

An honest and straight answer is yes. Nonetheless, you should know that just a few forex softwares are dependable enough to entrust them with your money, something I had to learn at a cost.

Now, which is the best forex software?

The first thing you need to know is that there are essentially two kinds of forex software, and it is actually up to you to decide which one is the best, considering not only its dependability but your personal position.

You see, you will find some forex software that render trading signals (entry and exit points) which truly deliver high levels of accuracy, but in this case you will need to be very attentive of every forex daily market movements so you can take advantage of the good entry points provided by the software. Therefore, making money with one of these software is possible, but you have to commit some good time during the day, which is okay if you have it to spare.

On the other side of the aisle, you will find forex software developed not only to ascertain the best entry and exit points, but also to open and close trade orders automatically. This means that you can make money 24 hours per day, 5 days per week, without doing absolutely anything, because the software will do it all for you.

After experiencing how both systems function, my preference has gone in favor of the fully automatic version, because it will make you as much money as best forex trading signal sort of software (an average of 90% winning trades), only you will have to do little or nothing (which to me is its best feature).

In my view, if both softwares can render the results I want, I will choose the one that gives me more while demanding less from me, so the best forex software would have to be the fully automatic version.

Find crucial details and information about the best forex softwares and systems at this site.

The Forex Legacy Review - Why It's Different to Every Other Forex System

By Peter C Johnson

The forex legacy is a newly launched forex trading system created by Dan Miller. It makes some bold claims - such as it takes traders 17 minutes to be up to speed on his revolutionary techniques. I just had to try it. Here is my take on it.

What Makes Forex Legacy Different From Other Systems?

The reason most traders fail is because the trading system they are using is to complex. They spend hours over analysing every single degree - and the result is a lot of confusion. Dan Miller realised this and in creating Forex Legacy ensured that even the 'greenest' fx trader could be up to speed very quickly. In terms of what you get with Forex Legacy - its pretty basic. Its simply a blueprint which details step-by-step Dan's methods and how to apply them for pretty much instant profits. I was expecting a little bit more substance in terms of materials - but there are some nice bonuses bundled in there to sweeten the deal.

Another unique addition to the system is membership to the total profits club - an online forex community which can really make the difference for a new trader. This kind of mentorship is ongoing and will definitely make a difference to your trading ability.

How Accurate Is It?

Dan Miller claims that using his exact methods will result in 85% accuracy. I personally think this is a slightly inflated figure - after 10 trades following his methods I was about 75% accurate. Having said that I have some experience in foreign exchange, so probably in hindsight I did not follow his guidance completely. Either way any forex system you are considering using which has an accuracy of more than 80% is generally a pretty safe bet.

Conclusion

At the end of the day Forex Legacy is not an earth-shattering trading system - its actually really simple and basic. There are no flashy gimmicks here - just a straight forward mechanical system which works time after time. It's worth considering specifically if you are a forex newbie.

Want to learn more about Forex Legacy and how you can skyrocket your trading profits within 17 minutes? Please visit: http://www.forextradingsoftwarereview.com/Forex_Legacy.html

Forex Avenger - Automated Forex Trading System

By Mikel Freije

Forex Avenger was consist of 10 videos and 1 PDF report explaining everything for your reference. This automated forex trading system gives you a trading system that will show you the right way to place your trade. Forex Avenger is different because the system is so simple and yet so powerful. The system also withstand any market condition.

Automated systems allow you to pick up a currency and record the asking and selling price. All that's required are funds in your account because your buy and sell orders would be executed instantly. Automatic and automated forex trading systems spa and NYC tool that lets you specify a currency, an asking price, and a selling price beforehand. With a small seed amount and with the help of a broker, your purchase and sell orders will be executed instantly.

Automated or automatic Forex trading involves the use of a trading program that places trades for you without requiring any intervention. Automatic Forex trading systems are often sought out by individuals that wish to benefit from trading the Forex market without it being a full time job.

Online Forex brokers offer mini and micro trading accounts, some with a minimum account deposit of $300 or less. Now we're not saying you should open an account with the bare minimum but it does makes Forex much more accessible to the average poorer individual who doesn't have a lot of start-up trading capital. Online Mini-FX accounts, which can typically be opened with as little as $300, offer 0.5% margin, meaning that $50 in trading capital can control a 10,000 unit currency position. This is another reason why people use forex trading online as a way to make highly leveraged investments.

Forex Avenger can nail trade after trade with unheard 82.69% accuracy.

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

Why Does Money Management Help You Make More Pips?

By Joshua Geralds

New traders always seem want to earn huge profits and want it fast! Unfortunately in the process they forget the rules of money management which in turn leads them to failure in their trading. Forex is a business that requires you to follow the rules of money management because these rules will sky rocket your profits! There is no real way to trade unless you trade with money management.

It is easier to lose in Forex than to earn. This is an unfortunate but true fact. When you first started on your education to Forex, I am sure you must have covered a chapter in one of the books that you bought. The chapter must have spoken about money management and how it will protect your account to enable you to keep on trading even if you incurred losses. The sad fact is that many if not all of the new traders I know would ignore the warning and plunge right in to trading without taking due consideration on the state of their finances. It is no surprise that close to 95% of new traders then die out within 6 to 9 months of trading.

The way to profits is to practice good money management. Without money management a trader will see his or her account wiped out fast. Just imagine that you begin your account with 100%. You have no concrete money management plan. You do have a trading plan that tells you how to enter and exit the market. The plan goes into great detail on the technical aspect of trading but there are little or no money management principles or rules at all. A good money management plan should integrate well with your trading plan. Here are some key elements that you have to have in your plan.

• Amount to risk

• Profit target

• Stop loss

• Risk versus Rewards

• Diversification

The above 5 points would seem to many traders like common sense stuff. The issue is then how come so few traders take the effort to write down the exact figures into their trading plan? I know that the professional traders do that, and they score big time. When they lose a trade it is of no consequence because the amount has been planned for. There are no ugly surprises to shake the confidence of the professional trader. The pro trader can focus on the important things like making more pips!

So Why Does Money Management help you make more Pips? Well in answer to that question you will have to experience the power of money management to fully appreciate it. Money management will defend your account and while your account is defend, you may incur losses (most likely) but because your risk versus your returns his correctly placed you can expect that each win will cover your losses and make you a profit to boot. For instance a good risk/reward ration is 1:1.5, that means for every $1you risk there is the upside potential of $1.50. Obviously you have to decide what the best risk/return ration is for you. Find out as much as you can about money management it will save your account.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

The Secret to Forex Trading Profits

By Joshua Geralds

Did you know that 5% of the world's forex traders have on their hands a secret? It is a secret of how to trade and make profits consistently. This is actually an open secret; in fact this "secret" has been tossed around so often that it is a wonder that not more traders have caught hold of it yet! Would you like to know what this secret is?

Have you heard of the term money management? I believe that you must have had heard of it some where. You would also have heard about the psychology of trading and of discipline. There you have it folks! This is the secret that I was talking about, this is what only 5% of the traders in the market practice. Subsequently only 5% of traders in the Forex market actually make money and are profitable. For years I have tried to educate young traders on the virtues of money management but it has never caught on.

Money management is boring and dull. There is just a slew of boring repetitions to do each and every trade. But this boring process is what brings in the pips each and every time! Would you be able to stand a little boring activity to make money? Well the answer depends on your psychology and discipline. Every trader is different and there is no right or wrong answer. Only your account will know the truth, will you have a fat account at the end of the day or would you be left with nothing at the end of the day. This is something you will have to decide and find out for yourself.

Another part of the secret is the psychology of the trader; we touched on that in our previous section and it is considered by many professional traders as the killer or maker of a successful trader. The reason for this is because of the sheer amount of traders who cannot accept losses in the market. When a loss is made, do you walk off and cry about it and get angry or would you shrug it off because you have planned for it after all and then go on and enter the next trader which comes along? It is those who choose the latter that succeed while the first option leads to failure.

Lastly all of the above is useless without discipline. If you are ill disciplined in your approach to wards trading you will realize that the world's best trading plan and psychology along with the most powerful money management rules are useless.

Build your discipline there are many ways to do so and here are some:

1. trading journal

2. physical activity

3. meditation

4. force of habit

A disciplined trader will ultimately out perform a trader with a haphazard attitude towards trading as most statistics show. Therefore build your discipline and you will soon be sailing towards the realms of wealth because you now have in your possession the secret to Forex trading profits.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

Is it Correct to Expect Large Gains in Forex Trading?

By Joshua Geralds

"Wow! Look here is a great big mother of all set-ups. If I could just hit it with half my account I will make back all my losses and make some profits too!"

Has this thought ever cross your mind? Be honest now. OF course it has, and this greed attack has afflicted 100% of the traders in the market. There is no one Forex trader who enters the Forex world just to play around or to throw cash away. (If you know of any please let me know I'll trade against them!)

Humans are greedy by nature, we want more and we want it instantly. Wouldn't you be really happy if a large windfall just fell into your lap? I know I would be jumping for joy. In Forex these windfalls or sudden large gains are rare, they do happen once in a while but, mostly these are rare cases.

For a trader to make money it is not possible for the trader expect large gains all the time. This is the issue that affects most new traders. I have seen new traders go for pip gains of 50 and above pips when they trade a 5 minute time frame. While this is possible at times, let's be honest with ourselves if you are trading a 5 min frame, would the market move so much in such a short time? Unless you trade the news a 5 minute time frame would usually move in 10 pips. Now the way to make money in Forex trading is to go for consistent gains. Not large profits that come suddenly and leave just as suddenly.

One of the key challenges that a trader faces is the lack of trading disciplining. To accomplish a steady profit growth the trader must be careful to not over trade. Likewise the trader must also be wary of the death trap of over leverage. To ensure steady grow in your account is a simple thing. Just go for 10 pips profits a day. You can break even but remember you should never end a day with a loss (especially if you are a day trader)

In conclusion, do not expect large gains to make you rich in Forex trading. Instead look to consistent gains in your account. If you can manage a 10 pips profit every day you can make a million and more in 3 years!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

Find Out How You Can Profit in Forex Trading Guaranteed!

By Joshua Geralds

How often have you lost money when you trader Forex? Did you ever want to just throw your hand sup in defeat and stomp off? I know I have! Trading is a tough business and only the 5% of traders can make profits consistently enough to live by trading. What you need is a method to guarantee you profits when you trade in Forex. Does such a method exist? Of course it does, and the top 5% of traders use it in all their trades to ensure guaranteed success!

The first step to your success is money management. There can be no profits for you if your money is not protected by proper money management rules. There can be no way that you are able sky rocket your profits if you don't have an account to start off with! Unfortunately as money management is a dull and boring subject many traders choose to ignore it and focus instead on flashy trading plans. I have seen some of these trading plans and they use so many indicators with the fanciest charts that it makes my head spin. The most important element in Forex trading that will guarantee you success is money management there is nothing else to it. If you have been fooling around with fancy trading schemes I strongly suggest that you go back to basics and look to protect your account and thereby make more money.

The next step is the psychology of trading. A trading psychology is comprised of discipline, greed management and loss management. When you have a losing trade and you feel angry or disappointed what is your next step? If you wish to ensure trading success then you will have to answer that question. Every trader will have a different answer and it is how you deal with your losses and with your gains that determine your guaranteed success in Forex trading. For the trader that cannot control his or her emotions then I say Forex trading is not for you. If we make a trade because we are greedy what happens is that more often than not we lose that trade. Then we become disappointed with the market and often we increase the size of our bets to cover our losses and to make more profits. Thus we hasten to our own financial doom.

The last step to forex trading profits guaranteed is Risk versus Returns. Now in Forex trading you will know that despite of the best laid plans things will go wrong. You will lose, but if your trading plan is good and you trade with the trend you can increase the probability of success to 70%. That means out of 100 trades you will win 70 times. In that case you will lose 30% of the time. To make you trades worth while you will have to determine how much to risk on each trade and what you intend to take away from each trade. I like to have a risk return of 1:1.5 that means for every dollar I risk I want to make 1.5 times that. When you do that enough times you will realize that your account is growing steadily and thus you have just guaranteed your forex trading profits.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

Discover the Best Way to Make Money in Forex Trading

By Joshua Geralds

Would you like to know the secret of the best way to make money in Forex trading? Actually it is an open secret, it is common knowledge and you would have come across it in your education in Forex. The unfortunate thing is that as it is so simple and so plainly in sight that so many traders about 95% of them do not pay any heed to this secret. It is no surprise that 95% of traders fail and give up with in 6 months to 9 months of trading. The secret consists of 3 parts we will discuss these 3 parts below.

(1) Money Management

This is an often forgotten portion of a trader's education. Sadly for them as this is the only thing that is important in Forex trading. Money management comprises of discipline, the psychology of trading, greed suppression and profit and stop loss objectives. We could write a few books just on these subjects and the intelligent trader would be most pleased to read and learn more about money management. A good money management plan will enable you to protect your account in any market condition. It doesn't matter if the trade turns against you. This is because you have already planned for it and it does not matter. Thus when losses are no consequence to you, all that is left for you to do is to make profits! As simple as it may seem many traders choose to ignore money management plans and instead forge ahead and focus on a trading plan. This is trading suicide and if you go that way I assure you that you will lose your account within 6 months!

(2) Proper leverage and fully funded account

Another important part of the secret is proper leverage and a fully funded account. These 2 come hand in hand, Let's say that you do not fund your account fully but instead take a higher leverage to cover for the short fall. What happens is that you have exposed yourself to more risks than is prudent. If you have $10,000 go for a standard lot, if you have less then look to mini and micro lots. Rule of thumb is that your leverage should never exceed 1:100. If you can manage with 1:50 as you maximum leverage than that is best.

(3) Consistent growth

After you have covered money management and proper leverage the next thing you have to look out for is consistent growth, the way to riches in Forex is not trying to go for the big gains. Instead it is the slow steady profits that will enable you to sky rocket your profits. Look at how often the "gurus" tout fast gains. These so called experts most likely do not trade for a living at all. Compare that to the successful traders, these players are comfortable with 10 pips profits a day. I say again these players are totally happy with 10 pips a day. Just imagine if you are trading on a standard lot, 10 pips mean a dollar in profits (EUR/USD) per pip! You compound and you compound so that after a while the power of the compounding will supersede you actual earnings. With a standard account and 10 pips profits per day it will take you 3 years to make a million dollars. This has been proven time and time again by the author and countless of other profession traders.

Now that you have discovered the best way to make money in Forex trading I hope that you will always practice it and always learn more!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

Avoid Being Caught by These 3 Mistakes in Forex Trading

By Joshua Geralds

Rookie traders are traders that lose money and they keep losing money because they never understand the mechanics of trading well. Are you a rookie trader? Are you focusing on the wrong areas of Forex trading have you been caught by these 3 mistakes in Forex trading? These mistakes are (1) over leverage, (2) Greed, and (3) lack of a proper money management system. Let us explore more on these 3 mistakes and how you can avoid them.

(1) Over leverage

Over leverage is one of the biggest mistakes a rookie trader can make. Leverage can be simply defined as the amount of money you borrow from the broker to trade. It ties in hand in had with margin. These 2 terms are not the same and should never be mistaken as interchangeable terms. Leverage is a double edge sword; while it can magnify your profits it will also magnify your losses. For instance if you have a leverage of 1:100 that means your gains are magnified a 100 times, it also means your losses are magnified a 100 times. The problem comes about when we throw in a margin call. Margin is what you use as a guarantee to borrow money to trade. That means what you have in your account is margin (your own money). When you over leverage you get more margin calls. The broker in a bid to protect its own interests will automatically shut down any positions you have open if your total margin falls below an acceptable limit. That's not good especially if you have a lot of positions opened and some of those positions are actually making money.

(2) Greed

Another big mistake many rookies make is that they cannot overcome the greed instinct. It is natural to be greedy as a trader. We humans are born greedy, we always want more and we want it instantly. In forex trading this kills more often than any other mistake. What happens is that rookie traders will try to force the market to give more than what it can naturally give! If the set up of the trading plan does not have all the conditions fulfilled, due to the greedy nature of humans we force the trade and then we pray that this trade is a successful trade. This will kill your account quick! You might be lucky once or twice and make money but after a while the losses will set in and it will be a downward spiral towards an account wipe.

(3) No money management

The lack of a money management plan is another of the 3 mistakes in Forex trading that catches rookie traders hard. In fact most traders focus on making more pips and do not consider protecting their account an important thing at all. After you have lost you account a couple of times, you will understand the beauty of money management. The trader that can make 5 or 10 losses yet still grow his or her account at the end of the day is a successful trader. The trader who makes large sudden gains and makes equally spectacular losses will lose an account double quick time.

In conclusion, avoid being caught by these 3 mistakes in forex trading and you will be able to grow you account consistently and surely. This is the only way to riches in Forex trading.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!

5 Tips to Supercharge Your Forex Trading

By Joshua Geralds

Many traders after some time find their trading performance lacking. You no longer are able to make consistent profits and you find that almost every trade you do the very best you can accomplish is a break even. You need to supercharge your Forex Treading and here are 5 tips to help you do it.

1. Keep a trading Journal. While this may seem a little simplistic to the traders who have never kept a trading journal, I can honestly say that all professional traders keep a journal. I have not met a pro trader who did not keep a trading journal yet. You trading journal will help you to reflect on your past mistakes and in this way you build discipline and help you understand YOU! This is an important aspect that can't be ignored. If you seek success in your Forex Trading keep a journal.

2. Proper money management. Sadly many traders ignore this part and much to their disadvantage. A proper money management system not only protects your account it will also help you to make more profits. When you are free of worries about your account, you can move into a state of detachment when you trade. This will enable you to trade with a clear state of mind. Adopt a money management plan into your trading and watch as your profits hit and break the roof.

3. Chat with other traders. No man or woman is an island. There will be times when you just can't take the stress of trading anymore and you need to let if off your chest. Or when you are faced with an issue that you can't solve. The best thing to do is to seek advice and comments from other traders. There are many resource and clubs that you can join and I recommend a few. Get to learn from other traders so that you will never have to suffer the need to go it alone!

4. Continuous learning. As the world changes the markets change with it. People change, the only thing constant in the world of Forex is that everything changes. Keep improving yourself, and know that theories and methods that used to work 4 or 5 years ago might not work as well in this present day and age. The only way that you will know this is when you keep upgrading your knowledge and resources.

5. K.I.S.S this means Keep It Simple Short. I believe that trading is a game best played by the sidelines. The longer you are in the market the higher the chance the market will turn against you. Keep your trading simple, do not use very fancy charts and indicators. These will only serve to distract you from the most important part of your trading, which is money management and psychology. Your focus must always be on making pips and defending your account. Having a fancy trading plan might not be the best thing for you. Decide and decide fast, but try to keep your mind on the important stuff.

In conclusion, you need to focus on these 5 tips to supercharge your Forex Trading and I hope you will make more money in time to come.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. Visit http://www.pipsalot.com to learn how to make steady profits through safe trading and down load your FREE e-book "Money Management" for a limited time only!