Friday, November 28, 2008

Free Forex Trading Strategies

By Tyler Ziggler

I wanted to take the time to share with you some of my free forex trading strategies. The thing about forex is that it is hard to learn. It's something that you need to experience. I've learned a lot from trial and error. I've had plenty of bad trades, but I've learned from each of them. I've grown as a trader and that is the real key to success. This market is big with over three trillion dollars being traded each day, but you can't let that break your focus. Fundamentals are what you need to follow to be successful. This is why I'm going to share with you my free forex trading strategies.

The first thing to understand is that a stop-loss is extremely important. The idea that you can objectively stop a trade when there is a need for it, is sort of over confident. In the middle of a trade, it's hard to say what will happen. I've been in the situations thinking to myself, "if I trade now, it'll probably go back up". The reality is that you can't make an effective stop-loss decision while in the middle of the trade. Try setting up a stop-loss point right before you make the trade. This way you don't have to make a decision in the heat of the moment.

Another one of my free forex trading strategies is about execution. A lot of us get stuck in that analysis phase. It's important to analyze, but there's point where you're just doing it too much. Sometimes you need to make a move and that's what I try to help people with. Go over the data in front of you once or twice, than make a move.


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Make Money Fast in 30 Minutes Per Day With This Easy to Learn Home Business

By Kelly Price

This best online business takes 30 minutes a day to operate and can be learned quickly by anyone and allows you to leverage your investment many times over lets take a closer look at it.

The business is becoming an online currency trader and if you know nothing about currencies don't worry you can learn the business easily, first of all though lets look at all the advantages of this business:

- You can learn it in around 2 weeks or less

- You only need your computer and access to the internet

- You need know stock, other staff or to sell anything

- Profits are available everyday even during a recession or downturn

- You can run this business in less than an hour per day

- You can put down $500 in your account and get $100,000 to invest.

The reason this is the best business to make money fast is leverage is the key to building wealth quickly and you get 200 times your investment to trade currencies with.

If you use this leverage wisely, you can profit on a full $100,000 investment when you have just $500 in your account.

Think about it - if your leverages investment ($100,000) moves by just 1%, that's $1,500 on your 500 down money! The profit potential is huge as your funds work many times over - but you have to have a plan to keep losses small and run profits, as leverage can work for or against you.

The way to learn currency trading online and build wealth is to do the following.

Look at any chart of currency price movement and you will see trends that go on for long periods of time and in many instances they can last for years and your aim is to lock into them, hold them and use leverage to make huge gains. Now currency prices reflect human psychology, so chart patterns will repeat overtime - the same patterns come around and have done since trading began and your aim is to spot the right ones and trade them for profit.

What you must understand to win is to keep losses small!

You will have a lot of them and you can lose 80% of the time and still make huge profits by running the big trends as your profits will be huge in relation to your losses.

Most traders run losses, because their ego can't take them and they hate being wrong but in currency trading you need to lose to win. If you forget your ego and look at currency trading like a game of poker, where the good poker player knows he has to lose to win, you can pile up huge gains at currency trading, in around 30 minutes per day.

If you want to make money fast, this is the best online business to do it.

You can learn it in about 2 weeks, run it in 30 minutes per day and use leverage to make huge gains and change your financial future for the better.


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Forex Trading Success - 95% of Traders Lose Because They Don't Understand These Key Points!

By Kelly Price

The paradox is - anyone can learn to trade successfully, as Forex trading success is a learned skill yet 95% of traders lose and they lose, because they don't understand these key points...Lets re state the fact 95% of traders lose money trading Forex - it's a big percentage and the reasons they lose, are because people use logic that helps them in everyday life and fail to understand why it causes losses in Forex trading.

Here are the reasons in no particular order of importance - there all important.

1. Trust an Expert

In plumbing, if you don't know how to fix a burst pipe, you get a plumber to do it for you. You pay X amount and you get a guaranteed result but this is not so in Forex. Most of the so called Forex Experts are anything but and cannot guarantee you a result and most sell there systems and advice because they can't make money themselves.

2. Forex Robot

Sounds nice and clever - putting technology to work to make you money, as in society technology advances have enriched our lives but the reality is technology doesn't help you win in Forex. Think about this...

50 years ago 95% of traders lost and the same ratio still lose today, despite all the advances in technology we have seen - it doesn't help but traders till fall for the ridiculous amount of Forex robots sold which are obviously going to lose because:

Most Forex Robots come with a track record based on paper, which is simulated backwards, knowing the closing prices. Trading becomes a lot harder when you have to trade not knowing where the price will go and the market teaches the users of these systems a hard lesson in the form on an equity wipe out

3. Effort and Cleverness Guarantees Success

Not so, hard work counts for nothing, only being right does and being clever? Won't give you an advantage, as trading is essentially simple and simple systems work best.

The Missing Ingredients for Success

From the above, it's obvious that normal traits that can lead you to success in society won't help you in Forex. There is however good news and it's the following:

Forex trading is all about keeping it simple in terms of method, taking responsibility for your destiny and trading with confidence and discipline based on inner understanding.

The real key is trading with discipline which comes from confidence and the right Forex education.

Discipline is the ability to execute your trading signals though periods of losses, keep them small and stay on track until you hit a home run. While discipline sounds easy, its not and any trader who fails normally lacks it.

Forex trading is a combination of a simple robust Forex trading strategy and the discipline to execute your strategy in line with the rules.

This has been the basis of trading success for decades and will never change. The fact is all traders have the potential to win but simply cannot get the right mindset and that's why they fail.


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For free 2 x trading Pdf's, with 50 of pages of essential info on How to Trade Forex Successfully visit our website at: http://www.learncurrencytradingonline.com.

3 Reasons to Trade Forex and Not the Stock Market

By David Gregson

This is a great time to start to learn about forex trading software. Why? Because with a little self discipline you can make money all day long when trading in currencies. Right now property is on the slide, stock markets are collapsing and you have probably missed you chance to get hold of some gold at a reasonable price for the next few years. But there is always money to be made with currency and the best forex trading software can help you get it.

And because of the global financial turmoil now is an even better time then ever to get your feet wet for a reason I will outline below.

Here are three reasons you should be trading forex:

1. Liquidity. No doubt you will have read how much is traded everyday so I won't repeat it, but maybe you didn't realise what it means to you. The fact that so much money is traded constantly means you can always enter or exit the market on your terms. You will never be stuck in a deal trying to find someone to buy your overpriced stock like you might in the equities markets. Because of the huge demand for currencies all across the globe from among others, central banks, you will always be able to take profit or cut losses when you need to.

2. Simplicity. You don't need to get yourself bogged down in company statistics and financies. You don't have to examine the financial health of a company and its history and profit predictions. You don't need to read the annual report or evaluate the price per earnings ratio and THEN have to go on to decide whether to buy or not. All you need to do is familiarise yourself with the characteristic movements of a few currency pairs and then watch them, which brings me to the final point.

3. Trends. Again you have probably heard the maxim "the trend is your friend" and it is true. Currencies have long periods where they are either in an upward or a downward trend. All you have to do is get on the right side of the trend and you are in the money and forex trading software can help you do this so you don't have to be in front of the computer constantly. Once you are in the market riding either an upward or downward trend, ride it all the way to the beach.

Get yourself some forex trading software that identifies trends, entry and exit points and get started. Apply good money management and you will maximise your profits and minimse your losses.


Forex trading software 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. Try the Forex Autopilot System to help secure you financial future.

 

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