I Need to Learn Online Forex Trading and Make Enough Money to Provide Financial Independence

By William Alheim Jr

The need to learn online Forex trading is expanding world wide as the reputation of the Foreign Exchange Markets grow in credibility as an exceptional place to become wealthy in a relatively short period. The currency markets are not nearly as sophisticated as some of the professional Forex traders like to put on in order to boost there own self worth and attempt to keep the private investors from scooping away some of the substantial profits they make, which were once reserved for them exclusively. An individual currency trading on any particular day has only one of two directions it can go, which are; it can increase in value or drop in value. There is no other possible alternatives.

Since a currency has a fifty percent chance of increasing in value and a fifty percent chance of decreasing in value a private financier that knew nothing about the currency markets also has a fifty percent chance of selecting the proper trade of a currency. Now, if that private trader has taken time to learn currency trading one would only have to surmise that there odds of picking the direction a currency is moving would increase. On top of that if they have the tools a professional trader utilizes helping them determine the direction a currency is going to go there percentage chance of selecting the proper direction should also increase.

Let's examine these percentages in more detail. To start with if you just flip a coin to initiate a trade you have a fifty percent chance of being correct. Next, you take a comprehensive Forex trading course; at the very least your percentage of properly selecting a trading direction is going to increase at a minimum of five percent. Actually, statistics of students that took the classes seriously and studied hard show us that it is around ten percent, but I will use the minimum as an example. Next, if you acquire a Forex trend based software system and a Forex signal based software system similar to the type the professional traders use and you take the time to learn how to use them properly your percentage will increase at a minimum success rate of five percent.

If you simply invested around three hundred dollars in training and software your are now at a sixty percent chance of selecting the direction a currency is moving. I am sure you are asking, if you can make money being correct sixty percent of the time? Not only can you make money, if you patient and disciplined the funds can be substantial. Why some people fail even with these incredible odds, are exactly what I stated above, inpatients and lack of discipline. They simply expose themselves to large amounts of risk using the margins provide by the Forex brokerage firms. If you find this happening to you, then learn online Forex trading next from a professional mentoring program which specializes in training the proper way of how to make use of the margins and make the margins work for you as opposed to against you. By following this simple Forex program I am sure you now realize that statically, you really can't lose and are on your way to becoming a Forex money making machine.

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

Forex Trading Systems Are the Most Important Tools Professional Currency Traders Utilize

By William Alheim Jr

A typical day for a professional Forex trader starts by scanning there favorite web sites looking for any news that could have an effect on that particular days trading in the currency markets. The vast majority of the currency pros also subscribe to many RSS feeds from news agencies, such as; Reuters, CNN and BBC. After that is finished they will check there Forex trading systems to see what happened in the previous days markets that they were not aware of when they went off line. As you know I am sure, there are various currency markets that operate world wide, so it is impossible for one person to be online watching the adjustments continually.

When the professional currency trader initially checks there currency trading systems they are especially looking for any trends that have been established, are continuing or changing direction. The next thing they are looking for are any signals there software might have sent them about an indicator that software or that professional has programmed into the Forex software system. These signals provide them a starting indication of where a particular currency they follow should be moving that day.

The Forex trading software systems employed by professional Forex traders are not decision making tools, but recommendation of something to be aware of tools. For those of you that are considering purchasing a currency software trading system and are under the impression they are able to be placed on the automated mode and trade profitably for you could not be more wrong. The software systems are very good at a few things that most people can not do efficiently. These are organizing huge amounts of currency statistics in a timely fashion, evaluating what information that was received is important and finally based on the software systems programming, informing the end user what it considers relevant.

In order to trade currency like a professional Forex trader you will defiantly need the same tools they possess. Fortunately there are a multitude of Forex software systems available for the private trader that are relatively inexpensive and are of exceptional quality. Most professional Forex traders have both a trend software system and a signal software system. If you decide to enter the currency markets make sure you learn Forex trading at a sufficient level to give yourself a fighting chance and you have the best tools available at your disposal. By just following that last sentence you should become a lucrative Forex trading and a capital gains making machine.

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

Learn How to Profit Trading Forex

By Timothy Rohrer

Forex is a 1 trillion dollar market and has grown rapidly among speculation traders in the past few years. With the internet and retail brokers now available, one can open an account with a broker for as little as fifty dollars.

Understanding how the forex market works before one can profit through trading is essential. The forex is a global market where one is buying and selling a currency at the same time. Because the exchange rate of each currency fluctuates 24-7 one can buy a currency and sell it back with in a matter of minutes and make a profit.

For example let's take a 50 dollar account and if we shorted (sold) the euro dollar in our 50 dollar account we would be selling Euros and buying US dollars. When the rate of the currency moves in our favor, we would then close our position selling the US dollar and buying back our euro dollars to make a profit. This can be done as many times as one wants to throughout market hours.

In order to actually turn a profit, it's important to utilize a system that removes all human emotion. One of the biggest mistakes new forex traders make is trading off of pure gut instinct and emotion without properly educating themselves. To resolve this problem, forex trades use what's called technical analysis where they follow a set of rules and indicators that tell them when to open a trade and when to exit their position. Most systems have a 60% to 80% success rate, however where they fail is when one gets greedy or begins to let emotions play a role in their decision making.

Most forex brokers will allow a person to open up a demo account to begin practice trading. This is like trading in real-time, only you are using fake money. It's probably wise to use a system and learn how to trade while using a demo account first before actually depositing real money into a live account.

Learning how to profit trading forex can be done with a bit of time invested in educating oneself. Find a system that has a high rate of success and open a demo account first before trading live. Remember to master your emotions and never make a trading decision based on gut instinct or greed. Following a simple set of rules, it's possible to turn forex trading into a viable business.

Tim Rorher is an established writer and currency trader. To learn more about profitable forex systems that produce results, visit forex systems.

Automated Forex Systems - Do They Work?

By Timothy Rohrer

Every forex trader is looking for the ultimate automated forex system. Do they exist? They are far and few between, and there are systems out there that do offer high success rates where one can realize substantial profits. However, finding these systems isn't always the easiest thing to accomplish.

Most people begin by searching online for a quality forex system, and it's clear that there are many to choose from. However, how do you know which ones actually work? I'll tell you a little secret, a small percentage of them actually work, however it's the people or the trader who end up failing and they fail because they cannot discipline themselves to follow a set of rules. Sounds easy doesn't it? It really is as long as you have the discipline to follow the set of rules that the system has put in place.

You're probably asking yourself, if automated forex systems really do work then why isn't everyone using them? The truth is most people end up obtaining a system that's complete junk and doesn't work in the first place and let me tell you from first hand experience that there are a lot of them out there. By the time they find an automated forex system, they are either burnt or have exhausted their resources on buying junky programs.

So then how can we tell if a forex system is going to be profitable or not? The first thing to do is make sure whatever program you are researching that there are real testimonials from other people who have actually used the trading system. Ask yourself what the overall success rate is. I don't like to rely on text testimonials either, video testimonials are the best because you know they are real people expressing their true opinions. Secondly, what is the success rate of the system? How often is the trading system winning trades... 60% 70%? Obviously a high success rate is seen as a positive sign. Lastly, are their actual results, or videos of the system working? Seeing is believing and it's a must to have some kind of video where you can see the system live in action.

Remember, trading forex doesn't have to be hard and there are systems out there that actually work. Be sure to look for the right components when seeking out a profitable forex trading system.

Tim Rohrer is an established forex trader and writer. To learn more about a profitable forex trading system, visit Automated Forex Trading.

Here's How You Can Profit From Forex Trading - A Proven Forex Trading Strategy

By Steve Halladay

If you're reading this article, then you've probably already started dabbling in forex trading, or you're thinking about starting. No matter which category you fall into, this article has some information that will help you.

First, we'll talk about what forex trading is. It's trading currencies in the hopes of making a profit. To know which currencies to hold, it's important to be able to predict currency fluctuations accurately - that tells you when to sell and when to buy. Forex trading is a lot of fun, but it's also challenging when you consider that you need to learn the skills to trade successfully.

There's a lot of information available in bookstores and online that can tell you a lot about forex trading, but there's so much that it can be easy to get overloaded. It's possible to spend months or even years reading about all the different strategies that have worked for other people. Unfortunately, working strategies are changing constantly with the markets. that means that something you read about today could be extremely out of date. That makes it hard to keep up with the latest strategies.

Don't want to make forex trading your full time career? Let someone else do most of the work for you, and you'll still make a significant second income if you do things right. Trust the experts and look to their experience and knowledge about the markets.

The easiest way to effectively do forex trading is by using a forex robot. This software collects real time market data automatically, and has been programmed by professionals who know what they're doing. It can help you identify the trades that would be the most profitable, and spot signals of a good trade. For instance, this kind of software can tell you when to buy Yen and when to sell to get a profit.

Many people are skeptical to start with. After all, no one wants to put all their trust into a computer program. However, there are plenty of proven pieces of software out there, and their records speak for themselves. You need to look for a few specific features when you choose your forex software.

Don't believe that an incredibly expensive program will automatically be better. Some programs cost several thousand dollars, but don't work. On the other hand, for around a hundred dollars, you can easily get a reliable piece of software that'll make you a profit.

Remember to look for a money back guarantee, too. Programs that work should mean the sellers are willing to guarantee them. Longer guarantees are better - look for a minimum of thirty days.

The program should offer a demo account, too. Those will allow you to see how things work without investing real money. This lets you get used to the program and the methods of trading. Once you see how the simulation works, you can begin using real money.

Forex trading is one excellent way to earn a little extra money, as long as you do it correctly. Not sure about things? Don't be afraid to ask!

Click Here to learn more about people who are making money trading forex online. You can also read reviews on the most successful Forex Trading Robots that are available.

Day Trading - The Critical Mistake Made That Causes Losses

By Sonia Kristina

Day trading is very popular with traders and is seen as a way to keep risk low and earn a regular income - but most day traders forget one key point and this causes losses...

The problem for day traders is that all daily volatility is of a random nature.

Therefore, support and resistance levels cannot be used and are meaningless - the net affect of this is the odds are not on your side and you can never win long term.

Think about this key fact and you will see why day traders lose.

Around the world millions and millions of people, all contribute to the price of a currency and they are all individuals with their own unique makeup. They are using different methods, have different skill levels, have different aims and all are governed by greed and fear - this vast mass of people cannot be predicted!

In the short term i.e. hours, prices do NOT take any notice of daily ranges so support and resistance levels are of no help.

Do NOT believe these two misconceptions

1. The Track Records You see are Real

Vendors sell systems and present a track record but forget it being real, check the small print and all you find is a back tested simulation and anyone can make money if - they knew the price in advance but they don't.

These systems simply collapse in real time.

2. Prices Move to a Scientific Theory

This theory is loved by the far out crowd who love Fibonacci numbers and other nonsense - but if prices did move to a scientific theory, then there would be no price movement, as we would all know the price in advance!

Common sense really - but traders still believe scientific theories, despite the fact they lose, strange but true!

How to Win

Forget Forex day trading and scalping and take a longer term approach.

Either swing trade the intermediate trends, or trend follow the long term trends. Here you can get the odds on your side and when you can trade the odds you can win.

So forget day trading and get the right Forex education, trade longer 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 Become a Forex Trader visit our website at: http://www.learncurrencytradingonline.com

Best Forex Trading Indicators - 2 Types of Tools That Can Explode Your Trading

By Nigel Banks

Trading in the foreign exchange market was once a privilege only for large banks and major currency dealers. However, through the advancements of technology more and more "normal folks" are now able to buy and sell on the market from the comfort of their home.

But without the normal education that the pros get, new traders can feel left out in the cold. This is why many traders wisely turn to Forex Trading indicators to help get a handle on profitable trading.

The fact is that these are powerful tools that can help you to organize and measure movements on currency pairs.

The Myth About Forex Trading Indicators

A lot of traders, especially beginners, are led to believe that Forex trading indicators are some sort of secret that will take them down the path to riches.

However most seasoned Forex traders will tell you that this business involves hard work, risk, discipline and the ability to follow rules and trade through tough periods during and draw downs. In other words, if you are looking for a guarantee, trading is probably not for you.

The Facts About Forex Trading Indicators

That said trading the global foreign exchange market can be a highly profitable business, especially with the high amount of leverage that most brokers will give you.

However it is critically important to learn the basics of how to uncover profitable trading opportunities with simple Forex trading indicators.

The Two Types Of Indicators

Forex indicators can be placed into two basic categories - the continuation indicators that follow trends such as moving averages, and those that analyze the velocity or momentum of price movement.

These types of indicators work simply because they define and organize the patterns into an understandable set of tools. Once you learn how to recognize and interpret these indicators, they will tell you which market force, if any, is strongest and where or when there may be a significant imbalance between the two opposing forces that will move the markets.

Moving Average Indicators

Moving averages are one of the most popular and easy to use tools available to the Forex traders looking at timing up or down trends. They help show underlying market movements and can provide additional supporting information on buy and sell decisions.

Moving averages work best when a market is trending, and are less effective when a currency pair chart moves sideways (in a trading range).

This means that you need to first identify markets that display some trending characteristics before attempting to use moving averages.

Moving averages may seem boring compared to other technical indicators, but there is more than meets the eye when it comes to this simple tool.

Moving averages can be applied to any price or data series to generate buy and sell signals for both long and short positions. And they can be used to establish support and resistance points in the markets.

Momentum Indicators

Momentum or Rate of Change oscillators involve the analysis of the rate of price change ,rather than the price level that Moving averages use. The speed of price movement and the rate at which prices are moving up or down provide clues to the amount of strength or weakness of a currency pair at a given point in time.

Momentum oscillators, such as RSI, stochastics, or MACD, are a favorite indicator of many traders and they are best applied to non-trending or sideways markets. So they are the best tool to use when a Moving Average indicator is practically useless.

This is because momentum indicators are generally a leading indicator, and will often move before price action does.

These Forex indicators are set up as an oscillator type of indicator. They help to reveal turning points and extremes when a market has been flat for some time. In physics, momentum is the tendency for an object in motion to stay in motion, and this is the principle behind the momentum indicator.

Combine For Best Results

Between these two indicators you should be able to build a solid trading tool box. Moving averages for currency pairs that are moving up or down with regular consistency, and Momentum indicators for the times when the markets move lazily sideways.

One More Consideration For Forex Trading Success

If you are still new to the Currency markets consider investigating today's Expert Adviser software as a tool to help you trade and learn. These are some of the same tools that institutional traders (banks and currency dealers) use to make profits for their employers. There are many products on the market now, but frankly only a few are worth the time. Click to http://www.forexproductsconsumerreports.com to find out which ones have worked well for other people based. This is a popular independent forex software review site based on actual customer feedback.

Your Roadmap to Scalp Trading

By Leroy Rushing

If anyone needs a plan for trading, scalp traders are at the top of the list. Scalping requires a great deal of nerves and a temper for losses. On the other side of the coin, scalp trading does offer the ability to churn huge percentage profits on a large or small account balance. Scalp trading is similar to day trading, but works on smaller price movements and shorter periods of time. While day traders hold positions intraday, scalping requires buying and selling by the minute.

The time differential

Scalping the markets means that you must have access to the markets all the time. When scalping, rarely would it be wise to leave your trading desk without closing orders. Though scalping works on small price movements, high leveraged accounts are often used up to 400:1 on Forex accounts to generate profits that are unheard of anywhere else. The key to consistent profits in scalping is a solid trading plan and money management.

Risk and money management tips

If you use a highly leveraged account, it is critical that you pay deep attention to risk and money management. Though a 1% movement in price hardly affects a long term investing account, in the game of scalping, that same 1% movement could mean a gain of 400% on your stake, or a loss four times greater than your stake. There is much to lose when scalping the markets, but just as much to profit.

Scalp traders have one large disadvantage

The biggest disadvantage to scalping is the high commissions and spreads that traders rack up when making numerous trades per day and sometimes tens of trades per hour. In the stock market and in the Forex markets, the amount of money that is taken out of a trading account by the spread and fees is often enough to turn a profitable trader to a big time loss. Considering that the purchase of 10 lots of a currency pair often costs as much as $400 with a four pip spread, scalping requires much of the profits to go only to trading fees. Investing rarely creates the same kind of expenses, nor any method that requires buying and selling infrequently.

Who scalps?

There are many traders that scalp, and these professional traders have a knack for scalping the markets and generating huge results. But it doesn't require a professional to do well with scalping; many small investors are finding it as an extremely lucrative way to make large amounts of money with small amounts of capital and trade from the comfort of their own home. Scalping is a great method for anyone, that is, if your nerves can handle it.

Learn how to master day trading by downloading two of Trading EveryDay's FREE products: Tools of the Trade eBook and a Trading Plan Planner. Dedicated to helping people become profitable traders, Leroy Rushing, a professional day trader, trading coach, and author, is the CEO of Trading EveryDay, a distinguished provider of educational trading products and services.

Using Technical Indicators in Your Trading Plan

By Leroy Rushing

Adapting technical analysis for use in your trading plan is what turns many traders profitable. No longer are you exposed to the risks of your own emotions and your computer models rattling in the back of your mind. Instead, indicators tell you when to trade based on analysis of the market; though the human brain is powerful, it's no match for a well suited technical analysis indicator.

Making the change

Adapting technical analysis into a current trading plan can be difficult, especially when the previous trading plan was focused on your personal views of the market rather than computer analysis. There are many ways to build a trading plan that will both satisfy your trading goals, and through the use of proven strategies, your desire to produce consistent results.

All technical analysis

Many analytical traders like to use 100% technical analysis to complete a trading plan that works for them. However, if you are accustomed to developing your own analysis, this might not be a comforting switch of plans. To transition to a fully technical analysis trading plan, sometimes it is necessary to scrap the previous trading plan altogether and build from the ground up with the newly found technical analysis systems.

Mix technicals with fundamentals

Using technical analysis as a guideline rather than a fully fledged system may be more compatible for your own type of trading. If you're building strategies for gapping up, a complete technical analysis platform may not be suitable, as the gaps down are hardly recognized in technical indicators - and the same is true for strategies for gapping up. If this strategy sounds more like your own, consider some technical analysis indicators as guidelines. For instance, if you were to trade momentum strategies, the preferred indicator would be the Relative Strength Index to show the strength of the current trend.

Technical analysis can seem overwhelming

To new traders, the idea of many different computer models and formulas to decide which way the market will turn might seem like overkill, but the fact remains that technical analysis is one of the best ways to analyze the markets with a standard method. Your emotions are never as stable as a computer model; computers think logically while humans think emotionally. Your trading system won't feel bad and trade more when the market runs against your positions, but many traders do it. Developing your own custom indicators might make the transition easier giving you more power over your trading account. Taking steps to improve your trading starts with technical analysis.

Learn how to master day trading by downloading two of Trading EveryDay's FREE products: Tools of the Trade eBook and a Trading Plan Planner. Dedicated to helping people become profitable traders, Leroy Rushing, a professional day trader, trading coach, and author, is the CEO of Trading EveryDay, a distinguished provider of educational trading products and services.

Sit on Your Hands Strategies For Your Trading Plan

By Leroy Rushing

Profitable traders can place money-making into the hands of their trading plan rather than their own influence. There are a variety of simple trading strategies used by professional traders and amateurs alike to produce big returns with minimal amounts of work. Once the money management part of a strategy is perfected, the rest can be left up to an automated trading program or to the strategy desk of your broker.

"Hands off" strategies are preferred by many mathematical trading experts because they take out the risk of emotion, and instead leave every financial decision to a simple, rational, and tested trading system.

Profitable traders use proven strategies and automated systems to produce a profit with very little work or risk. Back testing a strategy will tell you whether or not the system was profitable over a time period prior to current trading and give you a well established starting point for profit or loss expectations.

Many different trading systems

There are many trading systems that can be used to produce profits in any kind of market. Some trading systems, such as the moving average cross, are best with sideways trends. Others, like a momentum RSI trading system, work better in uptrend and down trending markets where small bounces can be collected as the market rises or falls.

Moving average cross

The moving average cross is one of the most simple "sit on your hands" trading systems available. With some creative techniques, the moving average cross can be used however you may wish with as many variables as you please.

When using a moving average cross, two moving averages of differing numbers are used. When the short term moving average rises above the long term moving average, a buy signal is initiated; when the long term rises above the short term moving average, a short signal is created. The moving average cross will show alternating buy or sell signals which work best in short run sideways trends. Uptrends or downtrends will eliminate the profit potential with a moving average cross because there will be several entry and exit points in one direction, while your opposite market positions will rack up little gain.

RSI as a momentum indicator

Using the RSI as a sole trading indicator is often unheard of other than for automated traders. With an RSI momentum strategy, the trader sets a certain RSI reading level to enter a buy and a sell. The creator of the RSI recommended that a reading of 70 was a sell, while 30 was a buy. Many professional traders set the bar higher with a 75 or 80 rating becoming a sell and 20-25 a buy rating. Higher numbers means that you'll take less trades, while hopefully avoiding the trades that turn sour.

Learn how to master day trading by downloading two of Trading EveryDay's FREE products: Tools of the Trade eBook and a Trading Plan Planner. Dedicated to helping people become profitable traders, Leroy Rushing, a professional day trader, trading coach, and author, is the CEO of Trading EveryDay, a distinguished provider of educational trading products and services.

Following a Trading Plan System Vs Your Emotions

By Leroy Rushing

There is no better way to boost trading profits than to switch from an emotional system of chance and luck to a planned, formulated strategy that will produce profits in the long run.

Why a trading plan?

Using a plan to outline your trading decisions makes trading easier. Making money only happens by taking quality trades that present excellent reasons which warrant you to pull the trigger. There is still a large difference between traders who trade on mathematics and those who trade on luck and gamble on their own superior intellect.

When you're trading with emotion, you're gambling on the presumption that your thoughts on the market are better than the other investors. On the other hand, when you have a proven strategy on your side, trading is as easy as 1 2 3.

Why emotions break traders

There isn't anything more damaging to a trader's mental health than back-to-back losses. Seeing an account balance rise and fall can take a toll on your mental health and influence how you place future trades. When you're angry, it's likely you'll ignore support and resistance points, as well as your own proven techniques and strategies, simply to blow off steam.

However, with a comprehensive trading plan, you'll be more interested in following your proven steps and likely turn your way to financial freedom. Eliminating the risk of emotional investing completely changes the game for many traders who try to fight the market rather than work with it.

Trading plans are rock solid

The key to a trading plan is that it keeps each investment consistent. When you're consistent and the odds are in your favor, it's no longer gambling, but instead investing. Having trading discipline is critical to generating long-term profits, and a trading plan is your greatest ally.

With a proven strategy on your side, it's almost impossible to lose in the long-run. By staying true to a solid trading plan that generates winners, your long-term financial health will remain in the green. Even with just a 5% profit with each account balance turnover, you're on the way to financial freedom.

Take advantage of trading plan planners

Trading plan planners take the guesswork out of making a trading plan. Just input your requirements, and a trading plan planner will help you with the rest. Having a rock solid plan outlining trading structure and what it takes to make quality trades will increase your success rate. Active, professional traders have been using trading plans for years to give them advice when it's needed the most. Trading with a plan is trading smart, which leads to better profit potential and more consistent results.

Learn how to master day trading by downloading two of Trading EveryDay's FREE products: Tools of the Trade eBook and a Trading Plan Planner. Dedicated to helping people become profitable traders , Leroy Rushing, a professional day trader, trading coach, and author, is the CEO of Trading EveryDay, a distinguished provider of educational trading products and services.

Forex Trading - Ordinary People Made Millions After Just 14 Days Training! How?

By Kelly Price

In one of the most famous trading experiments of all time a group of people with no trading experience learned to trade in 14 days and when on to make in excess of $100 million dollars - How did they do it? Let's find out...

There has always been a debate around whether great traders are born or made and trading legend Richard Dennis thought anyone could learn, they just needed the right training and mindset.

His experiment was simple - take people from all walks of life, of both sexes, all ages and with varying levels of intelligence and education and make them successful. This group became known as "the turtles" and they were soon to become part of trading history.

He taught them a simple method (a long term breakout trading system) and then gave them the logic it was based to give them confidence and some money management rules. This took him 14 days and he then set them up with accounts and the results were outstanding, as this group made hundreds of millions of dollars.

Dennis proved anyone could learn to trade successfully - but you are probably thinking:

If that's so - why do 95% of traders lose?

Dennis knew why and its simple - Learning a method is easy, applying it is hard and while many traders have bad methods, most fail due to having the wrong mindset. So what's the right mindset?

The right mindset is one that is highly disciplined.

This means you need to trade through long periods of losses (many weeks or even months) stay on course and keep losses small until you hit profits again.

Most new Forex traders believe the rubbish they read online about automatic Forex profits, no drawdown etc - but this is fantasy not reality.

As a trader to win, you need to learn to lose, keep those losses small and stay on course and that's hard. You need to keep putting your trading signals in, despite the market making you look a fool and handing you losses.

Discipline is not easy!

It's hard - but if you have learned the basics, have confidence in what you are doing; you can ride these losses out and make huge long term gains.

You may not become as rich as the group above, life simply isn't like that - but you can enjoy success and earn a great income in just 30 minutes a day.

The story above inspired me to trade over 20 years ago and I hope it inspires you too and you enjoy success in the worlds most exciting and lucrative business global Forex trading. Good Luck!

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 Forex Technical Analysis visit our website at: http://www.learncurrencytradingonline.com

Forex Broker Review - The Best Forex Brokers and Cash Every Time You Trade!

By Kelly Price

I came across a service which not only gives you a choice of the best brokers but also gives you a rebate in cash every time you trade, so your loss is less and your profit is more. Sounds like a great idea right? We think so! Let's look at this service in more detail.

The service is offered by FX Rebates: A group of traders who, through their existing relationships from referring volume business, negotiate a better deal on behalf of their clients by getting them extra cash rebated on their account, every time they trade.

It's a service that every forex trader should consider to enhance their currency trading experience and it's free to join. Let's look at the program in more detail and the advantages every trader should be benefiting from.

The Best Online Brokers

You get the security of knowing your account is opened directly with a choice of 16 of the world's premier brokers. Opening an account with your choice of over 16 brokers (FCM's) through FX Rebates, means that you will be trading directly with the broker with FX Rebates as your referring broker. This will not in any way affect your trading. You are probably familiar with most of their brokers and may already have an account with one of them. It is easy to start; simply choose one of their premier brokers and open an account with them with FxRebates as your Referring Agent.

Security

FX rebates acts as a referrer only and does not hold any funds, your funds are held with the broker of your choice. Trading with FxRebates as your referring broker will in no way affect your spread or overall trading experience spreads - now the good bit!

Get Extra Cash Rebated Every Month

Fx Rebates existing relationships with these online brokers means they get compensated for introducing customers. Because of the volume of business they refer, they can pass part of there commissions to the Forex traders they introduce. This is a cash rebate paid every month for the volume of the previous months trading.

How Much Cash Do You Receive?

Quite simply for every completed trade (buy and sell) the client is rebated $4.11 per standard lot traded. This of course adds up overtime. For example, for every 10 trades completed, a trader would get $41.10, trade a 100 times and its $410.00, so it mounts up over time.

Day traders and active traders will love this - but so to will any trader, as you still get the same service you would expect from these top brokers and additional cash rebated which can help cushion any loss and adds to any profit.

The Service is FREE to Join

FX Rebates has an extensive forex and trading background and their idea of negotiating rebates is a great benefit to the forex trader, signing up for their service is totally free.

Other Services

FX rebates with their many years of trading experience and knowledge of all the brokers they refer to - means they can help you to select a broker which best suits your individual needs.

This really is a good idea in our view, as FX Rebates has brought a great service to all traders - You get the security and all the services from the broker you sign up with as well as a $4.11 rebate on every round turn trade placed.

I thought this service was a great idea and think you will too and you can find out more about them at the website below.

Find Out More about the Best Brokers + Cash Rebates For Trading! For free info on how to open your account with the Best Forex Brokers and get your $4.11 per round turn trade visit the website for more info at: http://www.fxrebates.com.

Price Action - The Ultimate Forex Trading Technique

By John Templeton

If I had to pick one forex trading technique above all else to learn, it would have to be price action. The reason I am saying this, is just look at the history of the famous technical traders of all time. if you read up on them, you'll know that price action is what they used.

Obviously price action means different things for different people, but the basic gist is that you can look at price movement and predict where the future of the market price is ahead.

Obviously there are other things involved, especially understanding fundamental analysis, among others. But as far as technical traders, price action is key.

Many traders really never get this far, as they get caught up with all the flashy indicators that they can play with on a forex trading platform.

I know that when I first learned about forex trading I must have tried every single toy that was on the software. I mean, I tried everything from Gann lines, stochastics, Bill Williams, MACD, price divergence, and everything else in between.

If you were able to make money using these tools, I salute you, because not too many people can.

The moment I realized that all I ever needed was to understand price movement. It was like I was using these indicators and systems to teach me the language of the market instead of learning the language myself. I implore all struggling traders to make their trading a little easier. Learn the forex trading technique of price action for yourself and see what the market has been trying to tell you all this time.

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

Can Anybody Succeed Trading Price Action?

By John Templeton

Some traders have probably never heard of price action, while others that have, think that it is almost impossible to figure out. Actually, trading price action is about a million times easier than what most struggling traders are using, right now. How could it not be? You are getting rid of all the garbage that you have on you charts.

First off, I am getting ahead of myself. For people that don't know what trading price action even means, it just means that you are trading with no indicators.

For instance a lot of people like to trade with indicators such as stochastics. They'll take trades based on what this indicator is telling them. So instead of using their own eyes to see what the market is going to do, the indicator is going to tell them, instead.

There are folks who absolutely flood their chart with this kind of stuff. If you didn't know any better, you'd think you were looking at a video game with all the different colors and lines that are on the chart. How in the world could somebody trade like that?

That's why it always surprises me to hear people saying that trading price action is more complicated than using indicators. How could that be? You have gotten rid of all this noise that is on your charts, and you can actually focus on what the price is doing.

To make a comparison, using indicators, is like trying to read a book at construction site. It's so loud and busy, how could you really concentrate? On the other hand trading without indicators is like trying to read a book at a library. It's quiet and you can focus on your book.

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.

Make Forex Profits on Auto Pilot

By John J. Drummond

Making money on the Forex in Auto Pilot mode is something which many people consider a dream. For the regular Forex trader, the process of monitoring the market, catching up on financial news, analyzing the market trends, and actually placing the trade can be a long and tedious affair. However, there are other traders who decide to take a shorter route and trade automatically.

How is this done?

Trading the Forex on Auto Pilot is done with one of several automatic trading programs. These are software which come pre-programmed with intricate mathematical trading models and have the ability to monitor the markets on a continuous basis. This monitoring is done around the clock until the automatic trading software sees a trading opportunity. It then places the trade for you automatically and resumes its market monitoring, waiting for an exit point for your current trade or an entry point for another.

This automatic process takes place from your computer without you having to be in the room at all. Naturally, your computer needs to be running and your internet connection must be working, but other than that it's an entirely hands off approach to trading.

So, where's the catch?

The catch is that many programs aren't really that good and it takes luck and testing to find one which can deliver impressive profits. One of the recommended automatic trading programs is Forex Auto Pilot, created by Marcus Leary. It specializes in the EUR/USD currency pair and works 100% automatically. There are a lot of traders who use Forex AutoPilot as a key weapon in their trading arsenal.

Forex Auto Pilot is not used just to generate increased Forex profits but also to help you have more free time, and reduce the stress which trading often brings on. If you're looking for a way to make increased Forex profits easily, this can be a program worth trying out.

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

Forex Trader Training - Important For Currency Day Trading Success

By David R. Cross

If you are brand new to the forex market and would like to join the bandwagon and cash in on the profits that many say are to be found by trading in forex, don't despair. Forex trader training does not have to be an elusive goal for you. In fact, if you look, you can find many good resources right there on the internet.

Certain websites offer free books on topics such as money management and the psychology of training. There are also materials for those looking for materials that will get them started on basic forex trading. Of course, good starting points are always answers to what forex is, in laymen's terms, and a bit of forex glossary that a new trader may want to look over. After all, mastering the forex lingo is something every trader should do.

There are even free e-courses, interviews with brokers and you can also get information on different forex trading platforms. This may seem to be a bit of overwhelming information at first. What may be best is to start reading up first on a few articles that may contain answers to some of the questions you have regarding forex. You may want to know first how the whole system works, what you need to have, what the risks are and what you should look out for. At least you'll be getting an overview during your forex trader training stint. Then you can make decision whether forex trading is really for you.

Knowledge is power. Learn the most powerful forex strategies on the Forex Day Trading Profits website. - Forex Made Easy - <= Click Here to go straight to the best possible guide on how to earn huge money with forex trading on autopilot.

Are You One of 20 Million Unemployed? Consider Forex Trading

By Danielle Franklin

Financial turmoil has weakened our confidence as fears of unemployment are confirmed. No matter where you are, the global economic crisis will leave a bite mark on your skin, or worse, will eat you alive!

The estimated unemployment level is said to reach 20 million in about two months and government is struggling to prevent the catastrophic consequences this long-lasting global recession will bring. With job losses, business failures, mortgage debts and repossessions starring at us, is losing your current full time job one of your major concerns? And if so, have you thought of a solution?

Once you lose your stable income it may take months or even years to find a substitute, especially when the whole world is drowning in recession. Apart from the obvious economic drama, losing your job can cause extreme philological stress and facts such as "you are not alone" and "20 million others have lost their jobs" won't heal the bleeding self-esteem. All you will care about is getting another job... any job, really.

Losing your job is extremely depressing. Hunting for job can turn depression into a chronic disease. Your self-worth turns to ashes and you start questioning your capabilities, especially when your family depends on it.

Well, in my opinion, before the massive global poverty and social inequality will become even more visible and you start giving your boss begging looks, consider the alternative - foreign exchange (forex). If you start learning it now and practicing forex as a part-time profession, it will create extra cash on a side, for starters and later on might become your full-time job. In case things won't go as planned at work and you will turn out to be one of the 20 million lay offs, you will already have an alternative and enough knowledge to actually make some money.

Forex is a difficult profession and requires a lot of passion and time but it shouldn't scare you away. Being under the unemployment spell, you should not close your eyes at any opportunity to earn money. Forex trading might be outside your usual expertise, but the joy of working from home and earning enough money is priceless.

Maybe you wouldn't have thought about forex trading before, but now it might be your chance to make some changes, to be your own boss and to forget about unemployment issue. Who knows, maybe you are the next currency trading millionaire!

Forex might be outside your field, but if you are serious enough and patient enough, it might surprise you being unexpectedly rewarding in both financial and professional way.

The process of globalization has turned against us. The balance is no longer fair and each of us needs rescuing. The real economy is under fire and the survival challenge is on.

If you find yourself without a full-time job, first thing you have to do is file for unemployment. Of course it isn't enough to continue a normal living, but it should help at least with the groceries. But before that happens, my advice, don't just sit there and wait for the lightening to hit you. Brainstorm about other ways to earn money and actually bring salary home. Maybe forex isn't for you, but it is worth trying.

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

Forex - Fundamental and Technical Analysis Explained

By CJ Hall

There are two types of analysis used in the forex market: fundamental and technical. Many currency traders develop systems that favor one type of analysis over the other, but it is important to have at least a basic understanding of how each of them function.

Fundamental analysis is the study of various economic and political events, and their influence on the currency market. A weak economy will lead to lower exchange rates, while a strong economy will lead to higher valuation of the country's currency. Interest rates, Gross Domestic Product reports, trade balances, and unemployment rates are the main economic indicators a fundamental trading system will use.

Another important tool for fundamental analysis is an economic calendar. An economic calendar is a listing of all of the important events and economic indicators that affect the currency market, and ranks their importance. It will contain previous figures, what the forecast is, and updated figures as they are released.

Technical analysis relies on using the price history in order to try and predict its future movements. Forex charts are analyzed using a variety of technical indicators. Trend lines, support and resistance levels, fibonacci levels, and moving averages are commonly used to identify what is going on with the market and where it is likely to go.

There are 3 types of moving averages used for technical analysis: simple, weighted, and exponential. A simple moving averages weigh each price point equally over a specific period of time. These price points are averaged, and a line is drawn on the chart. A weighted moving average will place more emphasis on the latest data. Weighted moving averages tend to give more accurate volatility estimates than simple moving averages do. Exponential moving averages are calculated by multiplying a percentage of the most recent price by the previous periods average price. Exponential moving averages will respond to recent price changes much faster than simple moving averages will.

To learn more about forex, currency trading, and trading systems, visit Forex For Newbies.

Forex Autopilot System - Beware of Some Claims About This System

By Alex Cadens

When you seek for information about the Forex Autopilot System, you will find the most varied claims, as some say that it will make you rich in a month or a week, or that it will never place a losing trade. I may agree up to some point that the Forex Autopilot is a generally accurate system and therefore you can make money by using it.

But I disagree with those who want to make us believe that the Forex Autopilot System is infallible, or with those who say that it will make 99%-100% winning trades, as this is totally divorced from reality. First of all, the developers of the Forex Autopilot System claim a performance of 96% winning trades, so the truth has to be somewhere between that percentage and a lower figure.

My personal record with the Forex Autopilot shows that it will have good and bad days, something I know even an expert trader would have. Certainly, during the first three months with the system I got 112 winning trades against 3 losing ones, but then with all the economic turmoil around the world the fourth month was really terrible, but still it managed to make a profit. Over the last few months the Forex Autopilot System is back to its early performance, but the truth is that it will occasionally get it wrong, make no mistake about it.

Therefore, if you are thinking about getting this system do so, it will make you money, just be aware that it is a good performer and not a perfect or infallible one. Indeed, the Forex Autopilot will always make more winning trades than losing ones, so a monthly return of about 30%-60% on your investment is an honest and realistic expectation, as some months it may deliver 130% while others only 10% (which is not bad).

By trading with small lots, you can turn a small investment into double the initial amount in about five months, but you will not make millions overnight that is for sure.

My advice to anyone who asks me about the Forex Autopilot System is get it and get feel of what it does, which is basically a risk free task because you will get an eight week money back guarantee and the system can be used in a demo account, meaning that if you do not find it useful you can get a refund and end of story.

You will get some insightful information about the Forex Autopilot System at this site: http://www.specialonlinebusinessreviewauthority.com/best-forex-trade-systems.html.

Forex Opportunity - What is in it For You?

By Albert Schmidt

Foreign exchange market is becoming more and more popular lately. You probably asking yourself if you can join millions of Forex traders or you are probably one of the traders. The sad truth about Forex is that almost 95% of people loose money very quickly. So is this opportunity for you to loose some money or to earn money? This kind of question I had in the beginning of my trading career when nothing seemed to work for me. If you are struggling to make consistent profit from your trading then keep reading. I have a strategy to fix unprofitable trading experience.

But first you need to decide if are you ready to change your belief system about trading, market and life in general. Or would you rather prefer to be right about your and keep loosing in Forex. If you thinks that you are always right and the world is as you think it is then you may stop reading. The rest of what I will say will not benefit you. But if you are willing to change your beliefs then this opportunity may very well suit you.

So the first question is in the title of this article. What is in the Forex opportunity for you? Once you know how to consistently grow you account then you have joined the elite group of successful traders. You can work anywhere in the world as long as you have an Internet connection. You will no longer have to go to your 9 to 5 job, which you probably hate. But if you like your job you can continue to work without being dependent on the paycheck. These are some benefits for you if you learn how to become a profitable trader.

Now the question is how one becomes a successful trader. I talked to many successful traders and most of them were not naturally born traders when they have started. Almost all of them went through the stage of loosing and struggling with the market. The main characteristic of those traders was they were persistent and they never gave up.

First you need to change you belief system to start to grow you account consistently. Do you know what belief you are holding about trading and about you life in general? How do you earn money trading currencies. If your believe as I did in the past that making money in Forex is taking it away from other traders since it is a zero sum game, then you will subconsciously sabotage your trading carrier. You see the role of a trader is very important. The money you bring to the market gets invested into the economy of the countries worldwide. So you are getting paid for taking the risk that others are not willing to take.

The second thing you need to practice execution of a trade over and over again. Pick a trading system that suits you and has a positive mathematical expectation. Execute it 50 times. Only after 50 trades look at the result. If it is negative the system is not for you change to another one. If the result is positive repeat the group of 50 trades a few times.

I can assure you that at the end your emotions of agony and overexcitement will not interfere with the execution of a single trade. And most importantly you will see that your equity curve is growing consistently. It may be very small growth but if you keep doing it two things will happen. First the power of compounding will kick in. Second your mindset gradually will allow you to see and take more and more profitable trades.

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.