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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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.

Forex - Where the Money's At

By Walter Roberts

Forex is where the money's at. Short for Foreign Exchange, forex is currency trading. Trading one type of money for another. There are a huge number of types of money out there, from the US dollar to the Japanese Yen and back again, every nation uses a form of currency and most nations have their own. Each of these currencies has an exchange rate against other currencies, and that's where the money's at.

Forex is the biggest, most active market in the world. Over 4 trillion US dollars worth of money gets exchanged on any given day. Because of this level of activity, and the worldwide nature of currency trading, the values (exchange rates) of different currencies are continuously fluctuating. Usually they move in small amounts; the numbers in forex trading are measured to the fourth decimal place, or further. By repeatedly, quickly trading these different currencies, large amounts of money can be made. Many people out there today are living a great lifestyle supported by forex trading.

So how do you keep up with these numbers, one for each world currency and all of them constantly changing? For maximum profits, it's important to know the relationships between different currencies, and to be able to spot the trends that emerge from the huge amount of numbers that represent all of the information about the market. Fortunately, modern technology has provided us with an answer, and an invaluable tool to help the home trader who wants to make a living or supplement their income by with forex trading.

The automated trading system, or robo-trading, is becoming more and more popular among currency traders. Already over one trillion dollars a day is traded in the market entirely by automated computer systems. These computer systems are programmed with the help of trading experts to be able to analyze the data of the market in real time and to pick up on and predict the course of trends in the market. Based on this information, the software automatically buys and sells currency, with the trader only setting the parameters by which the program runs. By using this system, home traders are able to get at the money in forex with little knowledge of the markets and with little investment of time and effort.

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Day Trading Forex Currency - How to Succeed

By Will Hopgood

If you are new to trading on a daily basis on the Foreign Exchange Market it can prove very intimidating indeed. You need to be aware that day trading Forex currency can be very complex if you haven't had the right sort of training. However it does offer you the opportunity to be flexible and produce a quick turnaround in your trading.

However, if you want to make a profit from Forex trading you need to keep up the markets ups and downs. Certainly the more research you do into this particular market then the much more profitable you will be. So if you think that watching how the markets are going one day and then avoiding them the next will help then you should think again. It is important that you carefully monitor the markets each and every day.

When it comes to monitoring the markets today there are plenty of online services that can assist you. Many of these once you sign up to their service will send you through each day an email showing how the currencies from around the world are doing against each other, such as Universal Currency Converter.

Also you need to be aware that when you start trading in Foreign currencies there is a high amount of risk involved. So being diligent will help you to avoid making the same kinds of mistakes that others have made previously when they are day trading Forex currency.

Another thing you can do which will help to improve your chances of making a profit rather than a loss on this market is to do a Forex trading course. There are plenty of these available online and some may require payment, but there are a few which offer advice and assistance for free. Again you need to check each of the courses out fully to find out exactly what they offer to ensure that they provide you with what you need.

Something else you have to be aware of when you are considering trading in Forex currency on a daily basis is that this is not a part time job. You need to remember that the Forex trading markets operate 24 hours a day 7 days a week and so you need to be tracking any fluctuations in the market. If you can find a service that provides you with messages informing you of such changes in the markets and so you are better prepared to sell or buy the currency you are interested in.

Above we have shown you what you need to do should you wish to be someone who makes a profit rather than a loss from day trading Forex currency. Certainly the more you know about how the market is working then the much easier you will find it to work out when is the best time to invest in it.

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Forex Robots and Automated Trading - Is it Possible?

By Timothy Rohrer

You've probably seen a ton of forex robots online, perhaps you've even tried a few. The truth is, a lot of them do work, however you have to find the optimal settings in order for the expert advisor to work properly.

Most forex robots come with a simple setup guide, perhaps even some tutorial videos and operate with meta trader 4, a free forex trading platform. The robot then acts on a set of rules or indicators and when conditions are met, a trade is taken. A quality trading system will do everything from start to finish flawlessly. Everything from opening the trade to setting the stop-loss, to taking the profit and even being able to adjust itself during choppy market conditions. People tend to say trading systems or forex robots do not work . This is only the case when they do not know how to properly identify a quality system or begin changing the settings the system was originally designed for. Sure, it's great to experiment with new settings and different currency pairs, however it's also wise to use the fx trading robot as the manual suggests without tampering with the settings.

So how then do we identify a quality forex trading system? There are dozens of robots to choose from, in fact hundreds, how can you possibly know which ones are actually going to work? There is a simple formula or set of questions one can ask themselves that will help weed out all of the junk. The first thing we must look at is how many currency pairs the trading system trades on, is it one, two or twelve? We only want to pay attention to systems that trade on one currency pair, simply because each currency pair tends to move and react differently within the markets. For example, the Euro dollar tends to trend and it's daily range is a lot smaller compared to the Yen. It's not possible for a day trading system to be an expert on each currency pair due to the nature of each, therefore we again will only focus our attention on systems that trade on one currency pair.

Secondly, how does the forex robot perform during choppy markets? A quality forex trading system is always back tested for a least the past 3 years. If a system can withstand various market conditions through back testing, or should I say how the system would have performed based on historical data, and focuses on one currency pair, then you have yourself a quality trading robot.

Again, there are plenty of fx trading systems out there. When reviewing various trading robots, pay close attention to personal testimonials and look for proof that the robot has proven itself. If we find a system that meets our criteria, then it's definitely worth looking into.

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7 Important Tips to Minimize Losses in Forex Trading

By David O'Neill

Unfortunately for traders, it is nearly impossible to eliminate losses entirely. It would be a truly rare occurrence to actively trade for even as little as a week without incurring any sort of loss along the way. The primary cause of this is the volatile nature of currency markets.

With that being said, here are some ways to minimize your losses and keep your overall trading profitable.

1. Realize That Losing Is Part Of The Game.

Once you understand and accept that there will be losses, it will allow you to better prepare for them, as well as to move on to the next trade. It happens to even the best traders, so don't let it discourage you. Forex markets can be fickle, so realize that before you begin.

2. Know When To Cut Your Losses

Don't try to rescue a losing position by pouring more cash into it. If a trade is failing, allow it to die and move on to the next one. Also, use this as an opportunity to evaluate what went wrong with this trade, so you are less likely to make the same mistake twice.

3. Tell Your Broker To Close Losing Positions

Your broker should be instructed by you to have a system for closing losing positions on your behalf. There should always be a margin call in place, so that your account will never end up in negative figures.

4. Be Cautious

Always be aware of the risk profile of any position before you enter, and until you are more experienced try to avoid trades which have higher risk. It is often safer to follow existing trends than to attempt to predict changes in the markets.

5. Don't Get Emotional

Don't become emotionally attached or loyal to a forex trade. If you lose, you lose, and if you win, you win. If you lose money on a particular trade, don't commit to that trade until it turns around. Get out of the position and move on the another trade.

6. Slow and Steady Wins The Race

While it's absolutely true that the volatility of forex markets can lead to big profits very quickly, it can also lead to big losses just as fast. Don't expect to get rich quick when you begin trading. Remember that a profitable long-term trading strategy is what is going to make you money, not one big trade that makes you rich overnight.

7. Accept Responsibility

Whether you make millions or lose it all in forex trading, it's your fault. Learn to be responsible for whatever happens with your trades, and you will probably find yourself making much better trades. Avoid tips on the next big trade or how the market is going to move; it's usually wrong.

Whatever you do when trading in the forex markets, never dwell on your losses. Accept them, learn from them, and then dust yourself off and move on to the next trade.

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Which Way to Pay For Foreign Exchange

By Xenia Rainey

When transferring a large amount of currency you need to be careful were you do it to get the best rates. Most people might think the obvious choice would be to go with the traditional high street bank at which they already have their main accounts, but in fact they could end up costing themselves a lot of money by doing this. So let's say you're looking at investing a large amount of money in buying a property abroad, so you're going to be needing to make a frequent amount of foreign transfers. Think before you act...

Choose Specialists

If you are a business or private individual wanting to move large amounts of money abroad, and you are therefore looking to make a purchase of a big amount foreign currency, think before you go looking at the high street bank as your only route to getting that large amount of foreign cash. Think about using a Commercial Foreign Exchange specialist bank. This is because a Commercial Foreign Exchange (CFX) specialist can get you a much better exchange rate and commission free transfers. Their sole focus is on the currency exchange market, and the way they make their profit is through the difference between the rate at which they buy currency and the price at which they sell to you, the client. They will also get you a rate lower than the Interbank rate.

Interbank Rates Explained

Interbank is the high-level foreign exchange market where thousands of banks can exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms. Foreign exchange brokers and high street banks buy their currency at wholesale exchange rates close to the Interbank rate and make most of their profit from the difference between the Interbank exchange rate and the rate they offer to their customers.

Are they Regulated? When choosing a Foreign Exchange specialist, look out for their guarantee that they are authorised as a money service business by HM Revenue and Customs. That way you get protection and peace of mind when moving large amounts of money around. Note brokers are not regulated by the Financial Services Authority (FSA) so it really is essential that they are HM Revenue and Customs approved. Compare CFX specialists to find the one which really suits your needs.

Which Contract There are different types of contracts when you join a CFX specialist, one of them being a forward contract. This is a useful contract in that if the exchange rate is good, the broker can fix that rate for a longer period of time (for example up to two years) even if you don't want to use that money for a while. Great if you're making plans to buy foreign property but can't guarantee when you will be making the final payment.

Tips To Choose Forex Broker

By Odrey Wise

Trading Forex requires setting up an account. Setting up an account in its turn requires choosing Forex broker. The right choice depends on the right understanding of what a broker is and what kind of services it provides. In simple words a Forex broker is a person or a company that accomplishes traders' orders. The number of brokers offering their services online is overwhelming so before making the choice you should make certain research to find out about the services available and fees charged by different brokers.

Firstly it is necessary to find out with what regulatory agencies your broker is registered. Despite the fact that Forex market is deemed to be unregulated you should check that your broker has proper registration otherwise you will not have the ghost of a chance to return your money in case of fraud or manipulation. Beware of non-regulated brokers and among the registered ones select only those with solid financial instruments.

Before opening an account in a certain broker company be sure that it provides high quality 24-hour Customer support. If you can any time day or night contact the firm by phone, e-mail or otherwise and get the necessary for you information from knowledgeable representatives you made the right choice.

Most Forex brokers provide rather comprehensive and easy Internet trading conditions for their Clients. The main feature of any trading platform is broker's ordering system. Try the options available by testing a demo account at some online brokers. The terminal should include such obligatory options: real-time rate quotes, account summary showing balance, profit, loss, and margin. Also note that a good broker always provides to enter the possibility to enter and exit the market quickly. These are minimum requirements but they should be fulfilled.

So the features and policies to look for while selecting on-line Forex broker are the following:

• Low spread i.e. the difference between buy and sell prices of any currency pair available. The lower the spread the less money gets your broker from you.

• Instant orders execution. This is essentially important when you trade for small profits as you get the price that you see and that you "click" and no other prices.

• Free technical analysis and charting should be available for active traders. Choose a broker that allows trading directly on the charts.

• Currency pairs. Good brokers offer at least seven major currencies (USD, JPY, GBP, CHF, EUR, UAD, and CAD).

And the last but not the least tip - be sure to scan fine print section of a potential broker to be completely aware of all trading nuances that may be imposed on new traders.

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