What Is Forex Trading? Is It Right For Me?

Foreign Currency Exchange (FOREX) Trading is an exhilarating way to trade
foreign currency in a market that runs 24 hours a day, five days a week. The
Forex market is also the most volatile financial market in the world. It doesn t
have a physical location, trading floor or central exchange like the NYSE or
futures market does, but instead it functions and operates amid a global network
of banks with trades taking place over an electronic network or by phone. With
its nearly nonstop currency market where Forex brokers trade in the currencies
of the world, profits are made or lost depending on how various nations
currencies increase or decrease relative to each other. Current, real time
events can influence currency prices and thus Forex trading brokers typically
keep track of worldwide events on a minute by minute, hour by hour basis each
day.

Even though Forex trading is volatile, there are many things to like about it.
Since the Forex Trading System is open 24 hours a day, the majority of each
week, it allows for ample time and numerous trading opportunities around the
clock. This means Forex Brokers are not under as much pressure to initiate a
trade as quickly as if they were playing the stock market. Also, since world
government currencies are very liquid, they are much easier to trade than other
securities. As with the stock and option markets, profits can be made either
way, whether in a rising or falling market. And since Foreign Currency Trading
is volatile by nature, it can afford even more profit opportunities than other
markets.

Of course a person s Forex Trading Strategy should be to profit from the
movement in currency values. As with any financial market, the more times a
person gets it right , the more money they will make. In Forex or FX Trading,
currency pairs are always used. FX Traders will try to determine, for instance,
if the U.S. Dollar will rise in value over the British Pound, or vice versa.
This is called a Currency Pair. Another trader may have some Forex information
that informs them that the Euro will increase in value against the Dollar. They
would then pay X amount of Dollars for X amount of Euros. As time went on and
the Euro did strengthen against the Dollar then they could sell the Euros for
even more Dollars than they had invested originally. Foreign Currency Exchange
is essentially the simultaneous buying of one currency and the selling of
another.

There is no doubt that the Forex Currency Trading System is unique. It has its
own set of rules and opportunities. It can be as fast moving or slow as a trader
would like. A big advantage is the number of hours in a week that a trader can
place and execute trades. It can be volatile just as with any market. If a
person studies their options and does their homework, a great deal of profit
making opportunities exists in Foreign Currency Trading. As with any financial
markets, a good Forex Trading Strategy will go a long way in determining what
kind of profits you will make.

Why You Should Use The Forex Commodity Trading Systems

Are you searching for a great way to invest in the international foreign
exchange market? Then look no further than forex trading processes. This is one
of the fast, easiest and smartest ways for you to invest your money. With only a
twenty-five dollar set-up charge for starting the account and one hundred dollar
monthly transaction fee, the system is affordable for everyone. It is one of the
easiest ways to trade because you don t need to spend a lot of time learning how
the system works. You can access the system anytime Monday through Saturday,
twenty-four hours a day. This makes it one of the most convenient methods of
investing around.

There are many other advantages of forex trading processes that you will enjoy.
For instance, when you set up the account you can use the practice account to
get the feel of how the system works. If you are a little nervous about trading
this will help you to relax and feel more at ease, which will help prepare you
for the real thing. The forex trading processes has six major currencies that
you can choose from. Other systems have hundreds which makes them much more
complicated to use. You have total control over the account and once you use the
propriety software to set up the account, it will automatically buy and sell
according to the way you choose.

You can then set back and relax. The Forex system will do all the work for you.
You don t have to worry about spending long hours taking care of the account,
all you need is a few minutes each day to check the account. Forex uses a
strategy that really works. They use currencies pairs that are opposites. This
means that when one is losing money the other is normally making money. The two
pairs will balance out and usually leaves you with a profit. This system has
been proven to work very well. It is because of this strategy that Forex is
becoming so popular with investors.

Forex is one of the best ways to invest in foreign currency exchange. If
investing is something that you are interested in, then you definitely need to
take the time to learn all you can about Forex. This way you can see first hand
all the advantages that it has to offer. You will see why it is the number one
way to invest and be glad that you choose Forex to take care of all your
investing needs.

Forex Trading Is The Greatest Business Ever

Forex Trading is the paramount home-based corporate potential available at
the moment, and maybe even in past. Let me show you why.

We just want to be clear about who this article is heart written for. Anyone
looking to start a home occupational, or line of business, without risking a lot
of wherewithal, but who is cooperative to put in the time obligatory to realize
his or her .

Forex Trading vs. Real Estate

One of the more fashionable home based professional opportunities is real
estate.
Let's take a look at some of the more disagreeable of the real estate business.
Real Estate:

Amount of Money Needed to Begin

Regardless of what the have to say, it expenses a great deal of bread to get
into the real estate business. Even the "No Money Down" systems expose you to an
mind-boggling amount of risk.

Whether you put coins down or not, you are in control to pay for the "product"
you are purchasing.

If you are unable to find a way to yield revenue from your savings quickly, you
will be paying a loan fee. It only a few months of secured loan to turn "No
Money Down", to "Some Money Down", to "No Money Left".
Amount of Time Needed to Begin:
Another lie continual on advertisement after promo is that it only takes a few a
week to start off making ready money in the real estate commercial.
We don't want to preach for anybody else, but whom do they think they are
kidding. So, let me get this plain...

? for a home operational

? spoken communication to a

? pouring around your neighborhood

? speech to a hypothecation whiz

? and all of the new possessions you have to do on EACH AND EVERY HOUSE

All of these, combined, will only take me a few hours a week?

We think we are starting to see why such a generous majority of home based
businesses fail. It's misleading to suppose a halfhearted attempt will lead to
success.

Amount of Knowledge Needed to Begin:

In order to triumph in the real estate professional you have to obtain a wealth
of wisdom. How do you fairly importance a home? How long will it take to fix,
and sell, a home? How much should lumber cost? How long does it take to
establish a sink?

Those are the easy questions. Zoning laws, contract laws, and tax laws are just
some of the more complicated topics that you'll need to figure out.

The fact is, we can maintain writing about the knowledge you need for days.
Obviously, in order for you to climb the ladder in real estate you need a wealth
of facts.

Amount of People Needed to Begin:

Unless you are completely recurring with all of the real estate occupational
now, you will run into one of a few problems:

1. The amount of time it take you to become well-known with all sides of real
estate.

2. The amount of big bucks it would cost you to FAIL at the real estate
corporate.

3. Most have a tendency to, the amount of riches it cost you to build a team of
people who are alacritous to "segment" their data with you.

Experts don't come bargain-basement, and without them you are helpless. In our
opinion, this is one of the supreme shortcomings of the real estate business.

Your success, in the end, lies in the of others. We can't strain this
plentiful...you monetary yet to come is dependant on the performance of a
complete stranger.

Forex Trading;

Amount of Money Needed to Begin:

Nothing. Zero. Zilch. Nada. $0.

If done right, you should not risk any change when erudition to customers the
Forex. Again, we conjecture it's only fair for us to enlighten. Without getting
too methodical, we want you to realize one very crucial promontory.

Whether you are trading with $1,000,000 or $0, the word and know-how available
to you is alike. You can procure the assistance and familiarity de rigueur free.

Not only is this uncommon in relationship to other home commercial, it's also
inimitable in kith and kin to additional trading markets (There will be an
entire commentary explaining the dole of the Forex vs. any of the another
markets).

Amount of Time Needed to Begin:

Before into the retort, exclusively, we think it's weighty that you get the
picture one more view exceptional to the Forex. Twenty-four a day trading.
That's right, Forex are trading 24 hours a day, from Sunday night to Friday
after lunch.

How does this help in the question at hand, how much time is needed to set up
Forex trading?

As we've mentioned past, in order to weekend break into the real estate
corporate requires a key commitment of time. Most of which has to happen between
9 AM and 5 PM. The fact is, you can't verbalize to a realtor at 3 AM. Everything
you do has to be around bigwig else's schedule. That means that 40 hours of work
could take you 4 weeks.

Those same 40 , while culture Forex Trading, potency only take you 2 . All you
need is a computer and an internet linking. In calculation, since there is
substantially less to hit the books in order to come off at Forex Trading, 40 of
work will put you much closer to success then it would in real estate.

Amount of Knowledge Needed to Begin:

As a Forex broker you only need to secure the experience that will be required
for you to make stock trading.

Why does this concern?

Let me resolution this with an case in point. Why do my plants need sea?
Actually, we don't know. To be more correct, none of us in point of fact .
However, we do know that if we don't aquatic them, they die. That fact deserted
gives me enough reason to water my plants.

This hypothesis holds true in the Forex markets. With all of the data available
universal, it's easy to get caught up in the non-high-ranking . Like, why do my
plants need marine? However, all you need to know are the thorough to take in
order to thrive. Like, river your plants

This radically boundaries the amount of time you must advance in knowledge to
employment the Forex.

Amount of People Needed to Begin:

Well, to shot Forex trading only you. To flourish at Forex trading takes you and
an educator. Combining two pieces creates one of the puzzles around.

Imagine tiresome to gather 2 + 2 = 4 without the guidance of a lecturer. None of
us would ever hold this undemanding subject if left abandoned. In fact, we
wouldn't be able to communicate at all without the examples set onward to us by
our maternity.

Our absolute lives are shaped by the quality of the tutelage and guidance we are
granted. This true in Forex Trading.

With an top Forex Trading Course, you are on the path to booming Forex trading.

Ultimately, YOU determine your success. However, the right foundation and
current support will put all the odds in your trinket.

By: Eddie Yak

Article Directory: http://www.articledashboard.com

Learn more about Currency Trading Course, and Currency Trading Contest

Online Forex Trading Strategies

Forex trading strategies are the key to successful forex trading or online
currency trading. A knowledge of these forex trading strategies can mean the
difference between a profit and a loss and it is therefore imperative that you
fully understand the strategies used in forex trading.

Forex trading is very different from trading in stocks and using forex trading
strategies will give you more advantages and help you realize even greater
profits in the short term. There are a wide range of forex trading strategies
available to investors and one of the most useful of these forex trading
strategies is a strategy known as leverage.

This forex trading strategy is designed to allow online currency traders to
avail of more funds than are deposited and by using this forex trading strategy
you can maximize the forex trading benefits. Using this strategy you can
actually utilize as much as 100 times the amount in your deposit account against
any forex trade which will make backing higher yielding transactions even easier
and therefore allowing better results in your forex trading

The leverage forex trading strategy is used on a regular basis and allows
investors to take advantage of short term fluctuations in the forex market.

Another commonly used forex trading strategy is known as the stop loss order.
This forex trading strategy is used to protect investors and it creates a
predetermined point at which the investor will not trade. Using this forex
trading strategy allows investors to minimize losses. This strategy can however,
backfire and the investor can run the risk of stopping their forex trading which
could actually go higher and it really is up to the individual trader to choose
whether or not to use this forex trading strategy.

An automatic entry order is another of the forex trading strategies that is
commonly used and this strategy is used to allow investors to enter into forex
trading when the price is right for them. The price is predetermined and once
reached the investor will automatically enter into the trading.

All these forex trading strategies are designed to help investors get the most
from their forex trading and help to minimize their losses. As mentioned earlier
knowledge of these forex trading strategies is vital if you wish to be
successful in forex trading.

Forex: Starting Your Own Trading

The presented article is intended for those who just turned their eyes toward
FOREX. Beginning traders who are still learning the basics of the foreign
exchange market may also find something of interest here. While experienced
traders won't gain anything worth their time reading this article.

Basically there are 4 steps which can be defined as "must do" for those who wish
to start trading FOREX. Though, their order is not particularly important, the
more important part is their content, to which the great attention and
responsibility must be paid. First step is finding a right FOREX broker which
will be your main tool in trading. You can have a great strategy, good technical
analysis skills or an outstanding intuition but you will eventually fail if you
choose a bad broker. A good FOREX broker is one that will not still your money,
will be doing real trading with your positions, supports your preferred
deposit/withdraw methods and has fast and helpful user support service. It is
nice if a broker is registered with some sort of governmental financial
commission. One of the most important aspects of the broker is it's trading
platform - but for a new trader this part is not so important as for expert
traders. Still you'll probably want to trade with some powerful and informative
platform as a MetaTrader or its analogs. For new traders the more important is a
demo account which can be used to trade virtual money while you are training
your FOREX skills. If you are new trader, start only with the demo account!
Don't lose your money on your first mistakes! Second step is learning the basics
of FOREX trading. If you already found your FOREX broker, you will easily get
all information from its website or user support. There are many articles and
websites dedicated to FOREX basics in the World Wide Web. All you need to do is
just google for "forex trading basics" and you'll find everything you wanted and
even more. This step shouldn't be underestimated, because trying to trade
without even understanding how the market works is not only very risky, it will
also become boring very soon. Third step is about education. FOREX trading
education is not similar to any other education you probably have got in your
life. FOREX market is very chaotic, so is the education - there are no fixed
rules and all time laws, it is unstable and dynamical. So, to be on the top you
must learn new things about FOREX regularly and constantly. Try to read as many
books, articles other traders' opinions as you can. The more you learn, the more
educated you will be. And with good FOREX education you will be able to create
very sophisticated and effective trading strategies. Fourth step is a final one;
at least I consider it to be a final one. To achieve the successful results in
the FOREX market you need to develop your own strategies. While you are learning
you'll be satisfied with known strategies and probably even FOREX signals. But
true goal which leads to successful FOREX trading is to develop your own
strategies. Not one strategy, but to follow the market day by day, developing
new strategies and improving those which began to fail. And this comes not only
to the trading strategy (this part is obvious), but also to the money management
strategy (this part is often underestimated). While you gain experience in
trading you'll inevitably build such strategies that will fit your trading
style, you character and your life as best as they can. And after that, trading
will become a real pleasure, which will eventually lead to your financial
freedom.

Does Credit History Follow You Upon Relocation From The United States To Canada?

We recently received a very good question from a foreign exchange student who
is moving out of the country. He asked if the credit established in the U.S
follows a person, in this case to Canada. Here is what we found through our
research.

learn more click here

SSN vs. SIN

In the United States, individuals are identified by their social security number
(SSN). There is no other person in the United States with an identical SSN. In
Canada, people have social insurance numbers (SIN), which serves the same
purpose. Credit bureaus in Canada use the SIN to keep track of individual's
credit reports. Since the U.S and Canada are two different countries, SSN's
cannot be tracked in the Canadian systems and SIN's cannot be tracked in the U.S
systems.

Credit Bureaus

In the United States, there are three major credit bureaus: Experian, TransUnion
and Equifax. These three bureaus provide credit reports and scores for all
individuals with a social security number who have opened a line of credit or a
loan. Canada's credit bureaus follow the same procedures.

In Canada, the three major credit bureaus are Equifax Canada, TransUnion Canada
and Northern Credit Bureaus, Inc.. In several scenarios, people have found that
the United States TransUnion and the Canada TransUnion share the same data in
their systems. In result, there may be a possibility of a Canadian financial
institution pulling your U.S credit history. This could be good for people with
positive credit and bad for those with not so good credit. Equifax may do the
same and share their data between countries. We have found that Experian has no
effect in foreign credit because it only conducts reports on U.S residents. The
same applies for Northern Credit Bureaus and its Canadian residents.

Credit Scores

As far as credit scores go, TransUnion Canada and Equifax Canada have both
implemented the FICO system from the United States. The only difference being is
credit scores in Canada range between a score of 300 and 900. Scores in the
United States use a scale of 300-850.

Scores closer to 900 are a lower risk for the lenders, which could mean a lower
interest rate to the borrower. The opposite can be said for scores closer to
300. These scores would be a much higher risk for the lender and in result would
mean a higher interest rate for the borrower.

If I do not have an SIN and am a American citizen, how do I apply for credit if
I move to Canada?

Just like in the U.S, in Canada it is hard to obtain credit without a credit
history. You can walk inside a Canadian bank and explain your situation to them.
Some banks in Canada will ask for some information from your U.S credit report.
This will enable them to make an easier and quicker decision to issue credit.
Some may offer you a secured credit card which will help you build a credit
history by depositing a certain amount on a pre-paid credit card and then make
payments.

Also, as stated above, TransUnion may have the ability to display U.S credit
report information to Canadian financial institutions because of shared data
between TransUnion Canada and the United States TransUnion.

What if I want to move to Canada for an extended period of time and then move
back to the United States?

If you are not planning on being a long term resident or are not planning on
buying a home, it may be best to stick with United States based international
credit cards. Credit card companies with affiliates in the U.S and Canada would
work best. These cards will work in both countries but will only report to the
U.S credit bureaus.

Here is an excerpt from the U.S Department of State: "If you will be abroad for
an extended period, you may want to arrange for the delivery of your mail. Some
banks and international credit card companies handle mail for customers at their
overseas branches. In addition, post offices in many countries will hold mail
for travelers under their General Delivery (Poste Restante) services. U.S.
Embassies and Consulates do not handle private mail. Check with the embassy of
your destination country to see if that will be possible there. A listing of
foreign embassies and consulates in the U.S. is available at http://www.state.gov/s/cpr/rls/dpl/32122.htm.
"

A safe bet is that if you owe on a debt in the U.S and move out of the country,
you will owe on that debt upon your return, as it will be recorded on your
credit report. Will creditors try to collect from you in another country? Well
that is the golden question. The golden response is, they may have a right to
collect. Will that new country consider your U.S credit history? It may.

Regardless of where you move, it is best to maintain a positive credit history.
If your new country of residence chooses to look at your U.S credit history you
want to make sure it is clear of negative information. However, one cannot
assume that a positive U.S credit history will help establish new credit in
another country.

Forex Trading System - A Simple One That's FREE and Profitable

If you want a simple forex trading system that makes money then we are going
to give you one that you can get off the net for free. Best of all its easy to
understand easy to apply and makes big profits so let's look at it.

This system works on the following basis it buys "high and sells higher" while
most traders look to "buy low and sell high"

Lets look at the theory and then how you can execute your trading signals.

1. The Logic & the Theory OF the System

Why buy low sell high doesn't work

Its an accepted market wisdom and it doesn't work. If you try and buy the low of
a market you are guessing or hoping and the market will kill you.

However if you look for important breaks of resistance and an acceleration in
price momentum, odds are the trend will continue and you can follow it for huge
profits.

So why doesn't every trader do this?

Because they want to buy the pullback and think they have missed a bit of the
move (this is true but you needn't worry about that if the price trend
continues) they then wait, prices don't pull back and they miss the move.

Its hard mentally to miss the start of the move, but if you grit your teeth and
enter you will see a lot more profits come your way and be in on all the big
moves.

Furthermore most of the big currency trends of the year start from new market
highs NOT market lows.

So that's the theory, this forex trading system is based upon.

Now lets see how to construct a system to trade breakouts.

You need to look for important resistance levels and this is normally a level
that has been tested 4 times or more and repelled - in at least two separate
time frames.

When this level is broken the odds favour the trend to continue your aim is to
look at your forex charts and separate out the ones that are likely to continue.


You don't need to guess or predict you look for confirmation.

2. Confirming Entry

What confirmation do you need?

You need to have confirmation that price momentum is accelerating and need some
indicators to help you do this.

There are many momentum indicators but the best two are the stochastic and
Relative Strength Index (RSI) and they discussed in our other articles.

Use these and make sure they BOTH confirm accelerating price momentum then enter
your trade.

They will take a bit of practice but its well worth the effort and you will soon
see how effective this combo is in confirming trade entry and exit levels.

3. Stop Loss Protection

Is simply below the breakout point once the level of resistance is broken it
will then act as support.

Other Important Points of This Forex Strategy

Only trade breaks of resistance that are considered valid by the market - we
have said four tests in two different time frames - but keep in mind, the more
tests and the more time frames the better.

So you need to be patient - you can make 100% gains with this forex trading
system trading just a few times a year.

If you like the action of forex trading this system is not for you - if you like
profits it will give you them.

Also don't trail the stop up to quickly LEAVE it as breakouts very often get re
tested so you don't want to be clipped out by volatility

That Seems Simple!

It's a very simple system and that's why it works.

Simple systems work best as they have few elements to break, also using
breakouts is great because most traders can't buy breaks as they want to buy low
and sell high - don't let that worry you though 95% of forex traders lose!

You can learn this system in under a week easily and test it.

Try trading this forex trading system for yourself in a free demo account and
see the profit potential for yourself and target those triple annual digit gains
you have always wanted!

I have given it to you free all you have to do is look it up on the net see the
logic and try it and you will be surprised at how effective it is.

Managed Forex Accounts: What You Should Know And What You Can Expect

If you decide to participate in forex trading, it is not a requirement that
you hire a broker to handle your account. Forex trading can actually be a
one-man enterprise and if you study the industry well and learn the ropes, you
can actually manage your own account without anybody else's help. However, if
you don't have the time or are not very confident about your decisions, a
managed forex account may be a good way to handle your investment efficiently.

What is a managed forex account?

A managed forex account is essentially a forex account that is handled by a
company or through a representative. This can be an excellent solution for an
investor who either has no time to watch how the market behaves or someone who
is very inexperienced but would like to invest in forex training.

What does the management company do?

In a managed forex account, the company you hire will handle your account for
you. They will be watching the activities of the market on a continuous basis in
order to determine the trends and then recommend which currency exchanges show
promising activities. Once they have informed you what the trends are, it is up
to you to make the final decision where to invest.

How to pick the right management company

Remember that with a managed forex account, somebody else is watching the market
for you. How they see the market will be the main basis of any investment
decision you will make. It's like wanting to watch the fireworks but instead,
asking someone to describe it for you.

To avoid losing a lot of money (and swearing off forex trading forever), hire a
management company who has years of experience under their belt. Furthermore, go
for the company that has a good and reputable record. If a management company is
notorious for causing their clients to lose money, it's only common sense that
you stay away from them. Work with a management company who is licensed to
perform what they do and only deal with people you can trust and who are
straight and honest with you.

What are the advantages of a managed forex account?

For a beginner trader who cannot put his trust on his own perception and
judgment of the market yet, a managed forex account will be a very convenient
and wise decision, provided he deals only with a reputable company. He can also
rely on the years of experience of that company in order to make sound business
decisions.

Management companies who handle managed forex accounts also have insider
information because they work with many different banks. They have access to
currency exchange rates and market changes that you can use to help you turn a
nice profit.

What are the disadvantages of a managed forex account?

The main turn off about managed forex accounts is that they tend to have higher
amounts of investment requirements. This ranges typically from $10,000 to
$20,000. Those are great figures if your investment is good but they are
terrible odds if you lose. If the management company makes a mistake in trading
or becomes involved in badly timed investments, losing $10,000 can cause a great
deal of headache.

Protecting yourself from the scam of the forex trading world

When you decide to go into forex trading, educate yourself first. Find out how
things work, what to look for in a management company, learn a few essential
information yourself and don't try to use your account manager as your teacher.
You'll be able to decide whether your company's recommendations will make sound
decisions or not.

Find out about the cost of hiring a management company. These companies often
charge a fee and some commission, so make sure you understand how much you'll be
looking at. If somebody tries to slip 'other fees' into your transaction, ask
what and why.

Finally, remember that your management company's role is to manage the account
for you. They should be there to help you make the most of your investment.
Similarly, they should be around if you need them. Find out about the kind of
support they offer and what kind of guarantees you can expect.

Forex trading can be a very exciting and profitable venture but it is only
rewarding if you understand how it works. Furthermore, with forex trading you do
not invest for peanuts. You actually go in to trade and make good money.
However, losing also means you'll also lose a lot. Because the risk is rather
substantial, it is important that if you're considering getting a managed forex
account, you should first educate yourself about its nature, its players and
what makes it work.

Three Different Ways On How You Can Take Advantage Trading Forex During Economic News Releases.

In this article, I will discuss three ways how you can take advantage trading
forex during economic news releases.

Trading the economic numbers

Straddle setup before the news

Hedge setup before the news

1) Trading the economic numbers strategy

Currency traders try to take advantage of the discrepancy between the forecasted
and the actual economic number, you need a very fast news data feed such as
Reuters or Bloomberg because you want to get in the trade before the move
begins.

Steps to trade the economic data numbers:

1. Purchase a fast news datafeed at Reuters or Bloomberg

2. Track the news consensus and determine the significance of the economic news
report being released, if it is not important, do not trade it.

You will be able to find all important data on a good economic data calendar

3. For each important news release you need to know how large a discrepancy has
to be in order for you to act on the trade.

4. Finally, watch the news release using your fast datafeed and trade the
numbers.

2) Straddle the News strategy

This strategy is very simple and consists of 2 limit orders, one to buy a few
pips above the range high and one to sell a few pips below the range low, then
wait for the price to breakout triggering one of your orders. Your stop loss
order should be placed a few pips below the range low when buying, conversely, a
stop loss order should be placed a few pips above the range high when selling.

3) Hedging the News strategy

What is hedging? Hedging enables a currency trader to simultaneously hold Buy
and Sell positions in the same currency pair at the same time in one trading
account.

1. To hedge, go both long and short at market price 30 min before the news
release.

2. Add a protective stop loss order to both long and short positions 30 seconds
before the news release.

3. Add a limit order to both long and short positions 30 seconds before the news
release.

An Introduction To Forex Money Management

Forex trading money management is one of the most imperative things you must
learn before you really start up with live trades. The Forex money management
principles discussed here would further teach you how to keep yourself away from
the expensive mistakes many fresh forex traders make, frequently to the degree
that they lose their full investment on the first few trades. Psychology is
actually the most key factor to money management when it comes to forex trading.
You have to be clever to separate yourself from any touching affection you might
have got to your money. This is not extremely simple to do, but it works and it
could be really done.

First and foremost, you have to mull over leverage and risk. It is sensible that
you by no means risk more than two percent of your account stability on any
forex trade. However, some go beyond and permit for as much as ten percent, but
in no way more than that. This gives you the capability to endure market
fluctuations in forex, and if the trade goes poor, you yet have money to try
again. You must never function under the hypothesis, which you would profit from
each trade. You must as well plan for losses. Therefore, most forex traders
would tell you that the most excellent thing to do is to keep your gains big and
your losses less. Develop your forex trading strategy around this idea.

Keep a proper track of your gains and losses. Keeping correct and detailed
records of your forex account commotion would permit you to see whether or not
the forex trading strategy is working, or if it requires being rebuilt. Never go
blindly into trading without a means to keep follow of results. You would surely
lose all of your money and never know why it happened.

Finally, it is extremely advisable that you first carry out a strategy on a
forex demo account. Nearly all forex brokers provide a virtual demo account upon
which you make trades in real-time, but with fantasy money, so nothing is
risked. This is the most excellent way to test a strategy before you put your
real money on the line.

Forex Trading System A Simple One That s Free And Profitable

If you want a simple forex trading system that makes money then we are going
to give you one that you can get off the net for free. Best of all its easy to
understand easy to apply and makes big profits so let s look at it.

This system works on the following basis it buys high and sells higher while
most traders look to buy low and sell high

Lets look at the theory and then how you can execute your trading signals.

1. The Logic & the Theory OF the System

Why buy low sell high doesn t work

Its an accepted market wisdom and it doesn t work. If you try and buy the low of
a market you are guessing or hoping and the market will kill you.

However if you look for important breaks of resistance and an acceleration in
price momentum, odds are the trend will continue and you can follow it for huge
profits.

So why doesn t every trader do this?

Because they want to buy the pullback and think they have missed a bit of the
move (this is true but you needn t worry about that if the price trend
continues) they then wait, prices don t pull back and they miss the move.

Its hard mentally to miss the start of the move, but if you grit your teeth and
enter you will see a lot more profits come your way and be in on all the big
moves.

Furthermore most of the big currency trends of the year start from new market
highs NOT market lows.

So that s the theory, this forex trading system is based upon.

Now lets see how to construct a system to trade breakouts.

You need to look for important resistance levels and this is normally a level
that has been tested 4 times or more and repelled in at least two separate time
frames.

When this level is broken the odds favour the trend to continue your aim is to
look at your forex charts and separate out the ones that are likely to continue.


You don t need to guess or predict you look for confirmation.

2. Confirming Entry

What confirmation do you need?

You need to have confirmation that price momentum is accelerating and need some
indicators to help you do this.

There are many momentum indicators but the best two are the stochastic and
Relative Strength Index (RSI) and they discussed in our other articles.

Use these and make sure they BOTH confirm accelerating price momentum then enter
your trade.

They will take a bit of practice but its well worth the effort and you will soon
see how effective this combo is in confirming trade entry and exit levels.

3. Stop Loss Protection

Is simply below the breakout point once the level of resistance is broken it
will then act as support.

Other Important Points of This Forex Strategy

Only trade breaks of resistance that are considered valid by the market - we
have said four tests in two different time frames but keep in mind, the more
tests and the more time frames the better.

So you need to be patient you can make 100% gains with this forex trading system
trading just a few times a year.

If you like the action of forex trading this system is not for you if you like
profits it will give you them.

Also don t trail the stop up to quickly LEAVE it as breakouts very often get re
tested so you don t want to be clipped out by volatility

That Seems Simple!

It s a very simple system and that s why it works.

Simple systems work best as they have few elements to break, also using
breakouts is great because most traders can t buy breaks as they want to buy low
and sell high don t let that worry you though 95% of forex traders lose!

You can learn this system in under a week easily and test it.

Try trading this forex trading system for yourself in a free demo account and
see the profit potential for yourself and target those triple annual digit gains
you have always wanted!

I have given it to you free all you have to do is look it up on the net see the
logic and try it and you will be surprised at how effective it is.

Forex Commodity Trading Systems Benefits

Have you ever heard of forex trading processes? Forex is an international
foreign exchange market. It is one of the best and easiest ways to invest your
money. If you are new to investing, then it is the perfect system because you do
not have to spend long hours trying to learn how the system works. There are no
charts to learn how to read or classes to take. You can use the forex trading
processes anytime day or night everyday except Sundays. Setting up an account is
fast and easy. Normally, there is a twenty-five dollar fee for starting the
account and one hundred dollars a month transaction cost.

If this is the first system you have ever used for trading you will love the
practice account. This will allow you to experiment with trading until you feel
comfortable setting up the real transactions on your account. You will receive
what is called propriety software with this account and this will buy and sell
automatically according to the way that you set it up. Another reason that the
forex trading processes are so popular is because instead of hundreds of
currencies, they only have six major ones to choose from. This makes it a lot
less complicated than many other systems.

With Forex you don't have to worry about how to find the time to use it. All you
need is a few minutes a day to check on the account. The rest of the time you
can relax knowing that you have an efficient system taking care of everything
for you. One reason that Forex is so efficient is because of the strategy that
they use. This system takes currency pairs that are complete opposite so that
they will balance each other out. When one pair is losing money the other will
be making money because they are opposite. This is one of the best strategies
used with any type of investing.

When you are ready to invest in foreign currency exchange, then seriously
consider using Forex. Take some time to research it more and learn all you can
about the system. The more you learn the more you will realize that it is one of
the best choices around when it comes to investing. It's fast, easy and really
works. What more could you ask for? You will be glad you took the time to learn
about Forex and make it your investment choice.

Forex Charts, Forex Trading Systems - No easy way to find Forex Charts and Forex Trading Signals

If you re new to forex, you re going to need forex charts. As you develop
your forex trading system, use the demo accounts that many trade brokers
provide. They ll generally provide free forex charts as part of their demo forex
trading system.

Search the Internet for forex or forex charts. The choices will be a bit
overwhelming. You will have to do research to get a good match, both with the
forex trading system and the forex charts themselves. You may have to mix and
match to get your specialized needs met.

As you refine your skills, you ll find you re more discerning of the tools. And
you ll begin to notice more features on the forex charts. The forex trading
signals may be quite standard on many sites, but how they integrate the forex
trading signals with the forex charts may not function well with your style.

Search and you ll find forex trading signals that fit closely with your
requirements. Your forex trading system will become more and more refined with
practice. And that s the best way to learn forex practice with a demo account.

Learning the forex charts and the forex trading system of different brokers will
be frustrating to start. Work through it, it will be worth it. Don t accept the
first one you try. Or even the one your friend uses. Forex trading system and
forex charts are very personal. And you re going to be spending a lot of time
together. Get comfortable.

The only way to pick a forex trading system and forex charts is to take
recommendations and suggestions from articles, trainers and friends. But then
make it your own. Find a perfect fit for your forex trading system.

A Comprehensive Forex Broker Register

A comprehensive forex broker list includes investment banks with dealing
rooms, commercial banks with treasury operations, and online brokerages that
serve a larger market. The investment banks with forex trading capabilities
include Morgan Stanley, Merrill Lynch, Goldman Sachs, Salomon Smith Barney,
Lehman Brothers, Credit Suisse First Boston, Deutsche Bank, JP Morgan,
Prudential Securities and Bear Sterns.

Some of the brokerage services are not directly accessible for all customers.
For example, inter-bank market dealers and treasury operations in commercial
banks handle large customer orders themselves.

The top commercial banks in the Forex Broker List, having inter-bank and
treasury operations, are JP Morgan Chase Bank, Bank of America, CitiBank,
Wachovia Bank, Wells Fargo Bank, Fleet Bank, US Bank, HSBC Bank, Sun Trust Bank,
Bank of New York, State Street, Chase Manhattan Bank, Key Bank, Branch Bank, PNC
Bank, Lasalle Bank, South Trust Bank, MBNA America Bank, Fifth Third Bank.

The online forex broker list of smaller forex accounts sees new entrants almost
on a daily basis.

The online forex broker list includes Forex Capital Markets, MG Financial Group,
CMS Forex, Global Forex Trading, GCI Forex Direct, Forex.com, GAIN Capital, Real
time Forex SA (Geneva), Global Forex, Commerce Bank and Trust, FX Solutions,
Forex MHV, swissDirekt (Swiss), Goetz Financial Forex, NY Broker Borsentermin
AG, Act Forex, Online Trader, Shield FX Online Currency Trading, Forex Trade
Signals, CMC Group PLC, Foreign Currency Direct Limited (UK), FX Advantage, FXCM,
Forex Millenium, ACM REFCO, REFCO Spot, Easy Forex, Online Forex Trading Inc.,
Lincoln Corporation, Global Trade Waves, Ltd., and CIBC FX Web Dealing.

Forex: Starting Your Own Trading

The presented article is intended for those who just turned their eyes toward
FOREX. Beginning traders who are still learning the basics of the foreign
exchange market may also find something of interest here. While experienced
traders won't gain anything worth their time reading this article.

Basically there are 4 steps which can be defined as "must do" for those who wish
to start trading FOREX. Though, their order is not particularly important, the
more important part is their content, to which the great attention and
responsibility must be paid. First step is finding a right FOREX broker which
will be your main tool in trading. You can have a great strategy, good technical
analysis skills or an outstanding intuition but you will eventually fail if you
choose a bad broker. A good FOREX broker is one that will not still your money,
will be doing real trading with your positions, supports your preferred
deposit/withdraw methods and has fast and helpful user support service. It is
nice if a broker is registered with some sort of governmental financial
commission. One of the most important aspects of the broker is it's trading
platform - but for a new trader this part is not so important as for expert
traders. Still you'll probably want to trade with some powerful and informative
platform as a MetaTrader or its analogs. For new traders the more important is a
demo account which can be used to trade virtual money while you are training
your FOREX skills. If you are new trader, start only with the demo account!
Don't lose your money on your first mistakes! Second step is learning the basics
of FOREX trading. If you already found your FOREX broker, you will easily get
all information from its website or user support. There are many articles and
websites dedicated to FOREX basics in the World Wide Web. All you need to do is
just google for "forex trading basics" and you'll find everything you wanted and
even more. This step shouldn't be underestimated, because trying to trade
without even understanding how the market works is not only very risky, it will
also become boring very soon. Third step is about education. FOREX trading
education is not similar to any other education you probably have got in your
life. FOREX market is very chaotic, so is the education - there are no fixed
rules and all time laws, it is unstable and dynamical. So, to be on the top you
must learn new things about FOREX regularly and constantly. Try to read as many
books, articles other traders' opinions as you can. The more you learn, the more
educated you will be. And with good FOREX education you will be able to create
very sophisticated and effective trading strategies. Fourth step is a final one;
at least I consider it to be a final one. To achieve the successful results in
the FOREX market you need to develop your own strategies. While you are learning
you'll be satisfied with known strategies and probably even FOREX signals. But
true goal which leads to successful FOREX trading is to develop your own
strategies. Not one strategy, but to follow the market day by day, developing
new strategies and improving those which began to fail. And this comes not only
to the trading strategy (this part is obvious), but also to the money management
strategy (this part is often underestimated). While you gain experience in
trading you'll inevitably build such strategies that will fit your trading
style, you character and your life as best as they can. And after that, trading
will become a real pleasure, which will eventually lead to your financial
freedom.

Why You Should Use The Forex Commodity Trading Systems

Are you searching for a great way to invest in the international foreign
exchange market? Then look no further than forex trading processes. This is one
of the fast, easiest and smartest ways for you to invest your money. With only a
twenty-five dollar set-up charge for starting the account and one hundred dollar
monthly transaction fee, the system is affordable for everyone. It is one of the
easiest ways to trade because you don t need to spend a lot of time learning how
the system works. You can access the system anytime Monday through Saturday,
twenty-four hours a day. This makes it one of the most convenient methods of
investing around.

There are many other advantages of forex trading processes that you will enjoy.
For instance, when you set up the account you can use the practice account to
get the feel of how the system works. If you are a little nervous about trading
this will help you to relax and feel more at ease, which will help prepare you
for the real thing. The forex trading processes has six major currencies that
you can choose from. Other systems have hundreds which makes them much more
complicated to use. You have total control over the account and once you use the
propriety software to set up the account, it will automatically buy and sell
according to the way you choose.

You can then set back and relax. The Forex system will do all the work for you.
You don t have to worry about spending long hours taking care of the account,
all you need is a few minutes each day to check the account. Forex uses a
strategy that really works. They use currencies pairs that are opposites. This
means that when one is losing money the other is normally making money. The two
pairs will balance out and usually leaves you with a profit. This system has
been proven to work very well. It is because of this strategy that Forex is
becoming so popular with investors.

Forex is one of the best ways to invest in foreign currency exchange. If
investing is something that you are interested in, then you definitely need to
take the time to learn all you can about Forex. This way you can see first hand
all the advantages that it has to offer. You will see why it is the number one
way to invest and be glad that you choose Forex to take care of all your
investing needs.

About Forex trading systems

Forex trading systems are all about getting investments into the foreign
markets. Foreign exchange markets are abbreviated to be called Forex. The
worldwide trading of stocks in companies and in products happens over the Forex
trading system. There are over a trillion dollars traded on the Forex market
everyday. You can learn to chart and follow markets in the Forex trade world on
your own, or you can rely on a broker as you would in the New York stock
exchange. The Forex trading systems are similar in method, but each is a proven
method of how to make money, how to learn about companies and how to follow what
is going on with the money you are investing in the Forex trading markets.

You can live anywhere in the world and trade stocks and investments in the
companies that are involved in the Forex markets. There are no limitations to
the money you can make, or the money you can lose. The Forex markets can be
tapped into online, over the phone or by contacting a broker in person. If you
are interested in making money, you can do it on the Forex market, without
having to have employees, or a broker to do this. You can get involved in
learning about the investments in the Forex markets, and take on the
responsibility for your own money, and making your own money. Many are starting
their own businesses using their education and experience on the Forex market to
make money.

The Forex market is one that is world wide, so there is sure to be something of
interest to just about anyone that wants to expand their investments and expand
their learning about money in the world wide markets. There are many experts in
the Forex markets, and using the Forex trading system that you feel most
comfortable with, you can be a Forex market expert as well.

There are no go between, such as large banks or such when you are involved in
the Forex market. There are no need for fees and transaction fees when you do
your own trading on the Forex markets. You can learn the Forex trading system
that best suits your learning needs, and follow it to chart companies, chart
growths, and to invest in companies that have a solid future. There are
companies and markets through out the world that you can invest with, to
increase your wealth and your investment portfolio.

A few different regions of trading exist in the Forex markets, with sessions in
Tokyo, Asia Pacific, and in the Americas. Trading is always non-stop, and moving
from London to New York, to Tokyo and so on again and again. You can invest in
the US dollar, the Euro, the Japanese Yen, or in Swiss Franc among others. You
can find more information on http://www.broker-trading-system.com/ or http://www.brokers-and-traders.com/
about Forex trading systems.

How To Earn Serious Money With Forex

The currency trading (FOREX) market is the biggest and the fastest growing
market on earth. Its daily turnover is more than 2.5 trillion dollars, which is
100 times greater than the NASDAQ daily turnover.

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or
merchandise) are the currencies of various countries. You buy Euro, paying with
US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated
from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say -
around 1%, are multiplied by 100! (in general FOREX companies offer trading
ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of
currencies increased by 0.6% in the last 4 hours, your profit will be 60% on
your investment! Such can happen in one business day, or in a few hours, even
minutes.

Moreover, you cannot lose more than your "margin"! You may profit unlimited
amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under
any direction to which the market is moving, and yet make profit. It does not
matter whether the exchange rate is going up or down: you can always decide to
buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't
have to physically possess certain currencies in order to perform "buy" or
"sell" with them.

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You
determine the volume (the amount of the deal). You deposit the "margin"
(collateral needed to facilitate the deal. Usually - only a very small portion
of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still "freeze" it for a few
seconds. That enables you to either change the terms, or accept it as is, or
altogether regret the whole idea. The "freeze" feature is a unique service.

When your Forex deal is running (you hold an "open position"), you can monitor
its status and check scenarios online, whenever you wish. You may change some
terms in the deal, or close it (and cash the profit, if any, or minimize the
loss, if any). Moreover, some companies let you determine a "take-profit" rate,
with which the deal will close automatically for you, when and if such rate
occurs in the market. Meaning: you do not have to stay near your computer when
you hold open positions.

Good luck!

An Introduction To Forex Trading Alert

Forex trading alert is an idiosyncratic service and it uphold currency
traders very close to the speedily changing forex trading capital market even
when they are far away from their screens by using the certain parameters of
their forex trading strategy to set forex alerts appropriately on rates and
mechanical indicators, plus to generate modified reminders for imperative dates
or events. Unlike any other forex trading market, the forex offers trading
services 24 hours a day, 5 days a week. Of course you can take the time to watch
this Forex market by yourself, but who has the time. More outstandingly, the
factor to be noticed here is the knowledge and the know-how for constantly
making a profit.

Initially, only a couple of well-used and established methods, which provide the
best overall returns, are used. One method utilized is a scalping forex strategy
where it is uses super-tight stops for lesser profit objectives since it lessens
the forex risk to a minimum. You are in the forex trading market repeatedly for
a few hours. Secondly, Forex Alerts does not use mechanized programs in order to
make a large number of alerts, most of that might not be money-making at all.
This is how the Forex trading alerts give the highest quality alerts.

By receiving live forex trading alerts from a team of expert forex traders the
professionals or some other persons tell you when it is good to trade the
foreign exchange market. In fact it is that it could take some years for you to
study how to successfully trade the forex market. Also you would have to spend
immeasurable hours watching the forex market. You get notification by email
instantaneously with Forex alerts and that email could get directed to your
mobile phone as well or PDA.

We question only a few choose foreign trading exchange alerts for a week, but
these alerts are more probable to offer constantly profitable outcomes. The aim
is not to trade more recurrently; but the aim is to trade more advantageously.
Forex traders have been trading the Forex markets successfully for years and
years, and their strategies have now been developed into a forex charting system
in a helpful manner allowing for retail currency traders.

Forex Trading System A Simple One That s Free And Profitable

If you want a simple forex trading system that makes money then we are going
to give you one that you can get off the net for free. Best of all its easy to
understand easy to apply and makes big profits so let s look at it.

This system works on the following basis it buys high and sells higher while
most traders look to buy low and sell high

Lets look at the theory and then how you can execute your trading signals.

1. The Logic & the Theory OF the System

Why buy low sell high doesn t work

Its an accepted market wisdom and it doesn t work. If you try and buy the low of
a market you are guessing or hoping and the market will kill you.
However if you look for important breaks of resistance and an acceleration in
price momentum, odds are the trend will continue and you can follow it for huge
profits.

So why doesn t every trader do this?

Because they want to buy the pullback and think they have missed a bit of the
move (this is true but you needn t worry about that if the price trend
continues) they then wait, prices don t pull back and they miss the move.

Its hard mentally to miss the start of the move, but if you grit your teeth and
enter you will see a lot more profits come your way and be in on all the big
moves.

Furthermore most of the big currency trends of the year start from new market
highs NOT market lows.
So that s the theory, this forex trading system is based upon.
Now lets see how to construct a system to trade breakouts.

You need to look for important resistance levels and this is normally a level
that has been tested 4 times or more and repelled in at least two separate time
frames.

When this level is broken the odds favour the trend to continue your aim is to
look at your forex charts and separate out the ones that are likely to continue.

You don t need to guess or predict you look for confirmation.

2. Confirming Entry
What confirmation do you need?
You need to have confirmation that price momentum is accelerating and need some
indicators to help you do this.

There are many momentum indicators but the best two are the stochastic and
Relative Strength Index (RSI) and they discussed in our other articles.

Use these and make sure they BOTH confirm accelerating price momentum then enter
your trade.

They will take a bit of practice but its well worth the effort and you will soon
see how effective this combo is in confirming trade entry and exit levels.

3. Stop Loss Protection
Is simply below the breakout point once the level of resistance is broken it
will then act as support.

Other Important Points of This Forex Strategy

Only trade breaks of resistance that are considered valid by the market - we

have said four tests in two different time frames but keep in mind, the more
tests and the more time frames the better.

So you need to be patient you can make 100% gains with this forex trading system
trading just a few times a year.

If you like the action of forex trading this system is not for you if you like
profits it will give you them.

Also don t trail the stop up to quickly LEAVE it as breakouts very often get re
tested so you don t want to be clipped out by volatility

That Seems Simple!

It s a very simple system and that s why it works.

Simple systems work best as they have few elements to break, also using
breakouts is great because most traders can t buy breaks as they want to buy low
and sell high don t let that worry you though 95% of forex traders lose!

You can learn this system in under a week easily and test it.

Try trading this forex trading system for yourself in a free demo account and
see the profit potential for yourself and target those triple annual digit gains
you have always wanted!

I have given it to you free all you have to do is look it up on the net see the
logic and try it and you will be surprised at how effective it is.

Forex Trading Systems 95% Lose As Their Curve Fitted Here's How To Spot Them

Forex trading systems are hot, you will see them everywhere - all promising you
big gains. The vast majority fail to deliver and the reason is curve fitting .
If you don t know what it is read on.

Definition

Curve fitting is using past data and bends the rules of the system, to fit the
data and make it profitable.

Because the rules of the system have been bent on a snapshot of past data (keep
in mind markets never repeat themselves exactly) it is curve fitted and chances
are it will lose in real time trading.

This is really like shooting at a barn door with a gun and then drawing a
bulls-eye around the shots AFTERWARDS, making them all bulls-eyes!

Hypothetical Illusions

The fact is most forex trading systems don t have a real time track record, they
only have one done in hindsight.

Now making money in hindsight is easy, especially if you curve fit it, but of
course trading without knowing the closing prices is much more difficult!

Most forex system vendors know there systems don t work and rely on curve
fitting and hyped advertising copy to sell their systems then the forex trader
wipes himself out and wonders why!

You take a loss and the vendor makes a guaranteed return selling you a junk
system they dont even trade themselves!

So How Do You Spot Curve Fitting?

Well when you see a hypothetical track record, be on your guard straight away
and look for the following:

1. Lots of indicators and lots of different rules (often with different rules
and parameters per currency)

2. Look for a track record with extraordinary growth and absence of drawdown.

A system that exhibits the above will be curve fitted.

Don t Fall For The Hype

Really you shouldn t bother trading forex trading systems which use hypothetical
track records but if you want to examine the logic, rules and parameters
closely.

Many vendors also keep their rules and parameters secret and don t even tell you
what they are - don t even consider these black box systems. most of the time
they just make the track records up.

For some reason forex traders take hypothetical records seriously, but there not
really worth anything unless you can study them and see their not curve fitted
and believe me most of them are!

Play Safe

Vendors who have to use hyped advertising copy and a hypothetical track record
generally don t have a product worth considering ONLY deal with vendors of forex
trading systems who can back their claims up with a real audited track record
over 2 years or more.

After all If they don t have the guts to trade their own system and prove it's
worth why should you?

Would you take driving lessons from someone who couldnt prove they could drive?
Exactly.

Next time you think of buying a forex trading system, check it out and the
chances are its curve fitted and this makes you odds on to lose if you use it.

Play safe only use a system that has a real time track record.

Forex Currency Trading Explained

FOREX MARKET HOURS
At 7:00 pm Sunday, New York time, trading begins as markets open in Tokyo,
Japan. Next, Singapore and Hong Kong open at 9:00 pm EST, followed by the
European markets in Frankfurt (2:00 am), and then London (3:00 am). By 4:00 am,
the European markets are in full swing, and Asia has concluded their trading
day. The U.S. markets open first in New York around 8:00 am Monday, as Europe
winds down. Australia will take over around 5:00 pm, and by 7:00 pm Tokyo is
ready to re-open.
All times are quoted in Eastern Standard Time (New York).

FX or Forex, currency trading is the trading of one currency against another. In
terms of trading volume, the currency exchange market is the world's largest
market, with daily trading volumes in excess of $1.5 trillion US dollars. This
is orders of magnitude larger than the bond or stock markets. The New York Stock
Exchange, for example, has a daily trading volume of approximately $50 billion.

Currencies are traded for hedging and speculative purposes. Various market
participants such as individuals, corporations, and institutions trade forex for
one or both reasons.

Corporate treasurers, private individuals and investors have currency exposures
during the the regular course of business. The FXTrade Platform is an ideal
platform to hedge any such exposure. An investor, who has bought a European
stock and expects the EUR exchange rate to decline, can hedge his currency
exposure by selling the EUR against the USD.

Currency markets are ideally suited for speculative trading. The foreign
exchange market has a daily volume in excess of 1.5 trillion USD, which is 50
times the size of the transaction volume of all the equity markets taken
together. This makes the foreign exchange market, by far, the most liquid and
efficient financial market of the world. Thanks to its efficiency, there is
little or no slippage of market price for the execution of even large buy and
sell orders. Traders are able to take advantage of intra-day volatility thanks
to the low spreads and enter positions for short time periods, such as minutes
and hours. Unlike equity trading, where restrictions limit a trader's ability to
profit from a market down turn, there are no such constraints on currency
trading. Currency traders can take advantage of both up and down trends thus
increasing their profit potential.



The most commonly traded currencies are: USD, EUR, JPY, GBP, CHF, CAD and AUD.


The most commonly traded currency pair is EUR/USD.

Forex Symbol Guide

Symbol Currency Pair Trading Terminology


GBP/USD British Pound / US Dollar "Cable"

EUR/USD Euro / US Dollar "Euro"

USD/JPY US Dollar / Japanese Yen "Dollar Yen"

USD/CHF US Dollar / Swiss Franc "Dollar Swiss", or "Swissy"

USD/CAD US Dollar / Canadian Dollar "Dollar Canada"

AUD/USD Australian Dollar / US Dollar "Aussie Dollar"

EUR/GBP Euro / British Pound "Euro Sterling"

EUR/JPY Euro / Japanese Yen "Euro Yen"

EUR/CHF Euro / Swiss Franc "Euro Swiss"

GBP/CHF British Pound / Swiss Franc "Sterling Swiss"

GBP/JPY British Pound / Japanese Yen "Sterling Yen"

CHF/JPY Swiss Franc / Japanese Yen "Swiss Yen"

NZD/USD New Zealand Dollar / US Dollar "New Zealand Dollar" or "Kiwi"

USD/ZAR US Dollar / South African Rand "Dollar Zar" or "South African Rand"

GLD/USD Spot Gold "Gold"

SLV/USD Spot Silver "Silver"



CURRENCY PAIRS

All currencies are assigned an International Standards Organization (ISO) code
abbreviation. In currency trading, these codes are often used to express which
specific currencies make up a currency pair. For example, USD/JPY refers to two
currencies: the US Dollar and the Japanese Yen.



SPOT FOREX

Spot foreign exchange is always traded as one currency in relation to another.
So a trader who believes that the dollar will rise in relation to the Euro,
would sell EUR/USD. That is, sell Euros and buy US dollars. The following is
guide for quoting conventions:



What does it mean to be "long" or "short" a currency?

Being long means buying a currency. Being short means selling a currency.

If a trader goes long USD/JPY, he or she buys US Dollars and sells Japanese Yen.
Buying a currency is synonymous with taking a long position in that currency. A
trader takes a long position in a currency if he or she believes it will
appreciate in value.

If a trader goes short USD/JPY, he or she sells US Dollars and buys Japanese
Yen. Selling a currency is synonymous with shorting that currency. A trader
would short a currency if he or she believes it will depreciate in value.



CURRENCY TRADING: BUYING AND SELLING CURRENCIES

All Forex trades result in the buying of one currency and the selling of another
(currency trading), simultaneously.



Buying ("going long") the currency pair implies buying the first, base currency
and selling an equivalent amount of the second, quote currency (to pay for the
base currency). It is not necessary to own the quote currency prior to selling,
as it is sold short. A trader buys a currency pair if he/she believes the base
currency will go up relative to the quote currency, or equivalently that the
corresponding exchange rate will go up.



Selling ("going short") the currency pair implies selling the first, base
currency, and buying the second, quote currency. A trader sells a currency pair
if he/she believes the base currency will go down relative to the quote
currency, or equivalently, that the quote currency will go up relative to the
base currency.



An open trade or position is one in which a trader has either bought or sold one
currency pair and has not sold or bought back an adequate amount of that
currency pair to effectively close the trade. When a trader has an open trade or
position, he/she stands to profit or lose from fluctuations in the price of that
currency pair.



Forex is the backbone of all international capital transactions. Compared to the
slim profit margins rendered in other areas of commercial banking, huge profits
are generally produced in a matter of minutes form minor currency market
movements. Some banks generate 60% of their profits from trading currency
aggressively.



Trading volume has been growing at a rate of 25% per year since the mid-1980s
and therefore it is not difficult to accept the notion that the currency market
is one of the world fastest growing industries. What used to require days to
accomplish in Europe or Asia now oly takes a few minutes. Needless to say,
technology has changed everything and millions of Dollars are moved from one
currency into another every second of every day by major banks through computers
and for the average investor, with the touch of a computer key.

Foreign exchange is the backbone of all international capital transactions.
Compared to the slim profit margins rendered in other areas of commercial
banking, huge profits are generally produced in a matter of minutes from minor
currency options market movements. Some banks generate up to 60% of their
profits from trading currency aggressively.

Transactions in foreign currencies take place when one country's currency is
purchased (exchanged) with another country's currency. The price agreed upon or
negotiated for the currency purchased is referred to as the foreign exchange
rate. Major commercial banks in the money market centers throughout the world
are responsible for the majority of foreign currencies bought and sold.

Trading volume has been growing at a rate of 25% per year since the mid-1980s
and therefore it is not difficult to accept the notion that the currency options
is the world\'s fastest growing industry. What used to require days to
accomplish in Europe or Asia now only takes a few minutes. Needless to say,
technology has changed everything and millions of Dollars are moved from one
currency into another every second of every day by major banks through computers
and for the average investor, with the touch of a phone.

FOREX BASICS - What's a PIP

A "pip" is the smallest increment in any currency pair. In EUR/USD, a movement
from .8951 to .8952 is one pip, so a pip is .0001. In USD/JPY, a movement from
130.45 to 130.46 is one pip, so a pip is .01.

CALCULATING THE WORTH OF A PIP

How much in dollars is this movement worth, for example, per 10,000 Euros in EUR/USD?
How much is one pip worth per 10,000 Dollars in USD/JPY? We will refer to the
size, in this case 10,000 units of the base currency, as the "Notional Amount".
The formula for calculating a pip value is therefore:

(one pip, with proper decimal placement / currency exchange rate) x (Notional
Amount)

Using USD/JPY as an example, this yields:

(.01/130.46) x USD 10,000 = $0.77 or 77 cents per pip

Using EUR/USD as an example, we have:

(.0001/.8942) x EUR 10,000 = EUR 1.1183

But we want the pip value in USD, so we then must multiply EUR 1.1183 x (EUR/USD
exchange rate): EUR 1.1183 x .8942 = $1.00

This is in fact a phenomenon you will see with any currency in which the
currency is quoted first (such as EUR/USD or GBP/USD): the pip value is always
$1.00 per 10,000 currency units. This is why pip (or "tick") values in currency
futures, where the currency is quoted first, are always fixed.

Approximate pip values for the major currencies are as follows, per 10,000 units
of the base currency:

USD/JPY: 1 pip = $.77 (i.e. a change from 130.45 to 130.46 is worth about $.77
per $10,000)

EUR/USD: 1 pip = $1.00 (.8941 to .8942 is worth $1.00 per 10,000 Euros)

GBP/USD: 1 pip = $1.00 (1.4765 to 1.4766 is worth $1.00 per 10,000 Pounds)

USD/CHF: 1 pip = $.59 (1.6855 to 1.6866 is worth $.59 per $10,000)

Spread

The spread is the difference between the price that you can sell currency at (
Bid) and the price you can buy currency at ( Ask). The spread on majors is
usually 3 pips under normal market conditions.

Market Hours

The spot Forex market is unique to any other market in the world; trading
24-hours a day. Somewhere around the world a financial center is open for
business and banks and other institutions exchange currencies every hour of the
day and night, only stopping briefly on the weekend. Foreign exchange markets
follow the sun around the world, giving traders the flexibility of determining
their trading day and the ability to take advantage of global economic events.

FOREX or The Foreign exchange rate market is an international market where
various currency exchange transactions take place; this is in the shape of
simultaneously buying one currency and selling another. The most commonly traded
currencies are referred to as Majors ; over 85% of daily transactions on Forex
trading involve the Majors. These seven currencies are the US Currency (Dollar,
USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF),
Canadian Dollar (CAD) and Australian Dollar (AUD). The Forex system in operation
today was established in the 1970s when free currency exchange rates were
introduced, this period also saw the US Dollar overtake the British Pound as the
benchmark currency. Prior to this and in particular during World War II,
exchange rate remained more stable.

Forex trading in simplest terms is the buying of one currency and the selling of
another. Forex trading, also referred to, as FX is open to corporations, small
businesses, commercial banks, investment funds and private individuals, it is
the largest financial market in the world averaging a daily turnover of over $1
trillion dollars, making it a diverse and exciting market. It is a 24-hour
market enabling it to accommodate constant changing world currency exchange
rates . According to New York time, trading begins at 2.15pm on Sunday in Sydney
and Singapore and progresses through to Tokyo at 7pm, London at 2am and reaches
New York at 8am. This leaves investors free to respond to global political,
economic and social events when they take place, day or night.

Unlike trading on the stock market, the forex market is not conducted by a
central exchange, but on the interbank market, which is thought of as an OTC
(over the counter) market. Trading takes place directly between the two
counterparts necessary to make a trade, whether over the telephone or on
electronic networks all over the world. The main centres for trading are Sydney,
Tokyo, London, Frankfurt and New York. This worldwide distribution of trading
centres means that the forex market is a 24-hour market.

Forex Trading 10 Common Errors That Cause Equity Wipe Out

Here are ten common errors in forex trading tat cause equity wipe out. 95% of
traders lose and they make some or all of these errors. If you do then you will
wipe yourself out so learn them and avoid them.

1. Trying to Predict

Most traders try and predict where prices will go but this is simply relying on
hope and you will see your equity disappear quickly!

You need to trade on the reality and that means waiting for price momentum to
confirm the trend is going your way.
If you don t know how to use price momentum indicators learn or lose.

2. Following a Scientific Theory

Follows on from the above markets are not scientific so avoid theories such as
Elliot Wave or Fibonacci numbers.

Its pretty obvious markets are not scientific, because if they were we would all
know the price in advance and there would be no market PERIOD.

When you learn forex trading the most important part of your forex education is
seeing forex trading as an odds game.

If you trade the odds you will make a lot of money.

3. Trading To Much

Most traders like to trade all the time in case they miss a move and end up
trading signals that have poor odds.

Keep this fact in mind you get your reward for being RIGHT not for effort or how
often you trade so trade only high odds trades and they don t dome around often

4. Buying From a Vendor
There are numerous sharks out there who say they will make you rich for a few
hundred dollars!
Really?
If the forex trading systems were as good as they claim they would be to busy
making money to bother you.
Avoid them and don t fall for the hype, they never have a track record to back
up their claims

5. Poor Money Management
If you don t know how to place stops then you will lose also over leveraging
will kill you. Play great defence first and the profits will take care of
themselves

6. Not having The courage to Hold Profits

Most traders get so excited they have a profit they take it early! If you do
this you will lose have the courage of your conviction to run trends for weeks
or months if there going your way.

7. Chasing your Tail

Be patient with any forex trading strategy or system.

At some point you can expect to lose for weeks or months (that s not the systems
fault it s the markets) judge your gains over years not months.

8. Trading The News

Trading news stories is dumb you have huge volatility and as the news is
discounted in a split second, its a lottery and you wont win - you will simply
get murdered by volatility.
9. Mixing Fundamentals and Technical's

There two separate disciplines you cant mix them choose one and stick with it.
In our view the best way to trade is with forex technical analysis.

10. Day Trading

You can make money day trading!

Why are some trades so stupid?

Its 100% guaranteed way to wipe out your equity as the data is to short and you
cant use it to get the odds in your favour. If you can t get the odds in your
favour, you will lose PERIOD.

This lead on from our point about vendors selling junk systems that have no
chance of making money and day trading ones are the most popular try and find a
real time track record and you will look for a long time!

Finally!

There you have it 10 errors to avoid and if you do you will have a great chance
of making big gains - fall for any of them and you will lose your equity and
join the 95% of losers.

How Do I Become Rich?

Beginners should avoid complicating things trying to get rich in a day by
venturing into every nook and cranny without knowing a thing or two about them.

To begin with, you need a broker to handle your trades individuals don t have
access to the electronic markets. Your broker accesses the exchange network and
the system finds a buyer or seller depending on your order. Choose the right
broker rationally. This is a crucial point of money making from stocks.

Making money from stock markets requires trading in the stock market. Cautious
buying, holding and selling of stocks generate profits and money. Stock trading
is the function that interacts and organizes in the stock market.

As a beginner, you must understand in effect how the market works. You really
don t have to know all of the technicalities of buying and selling stocks.

Fresh business ideas just don t come on like a light bulb; ideas only click the
mind by exploring the business market. eFunHosting contains articles about
ideas, tips and tricks and market news to only update a businessman but also
brainstorm fresh business ideas

This market involves buying and selling of millions of shares all over the
world, and generates profit.
The first and foremost you need to know is the functioning of the exchange
floor, irrespective of whether you trade through the floor or electronically.

When the market opens, hundreds of people are seen fast moving about shouting
and signaling to one another, staring at monitors, and entering data into
terminals, or busy on cell-phones on the exchange floor. It looks like a
complete fiasco. However, by the time the end of the day approaches, the market
has worked out all the trades, and is all set for the next day.

These are the steps in a simple trade on the exchange floor of any major Stock
Exchange:


You instruct your broker to buy a number of shares of a company at the current
market price.



The broker s order department passes the order on to their floor clerk, the
dealing official, in the exchange.



From this person it goes to one of the firm s floor traders whose task it is to
find another floor trader wanting to sell that number of shares of the company
you wanted. Each floor trader has particular knowledge of which floor traders
deal in what stocks.

The two come together on a price and seal the deal. The notification process
moves backward along the line and your broker gets back to you with the final
price. You receive the confirmation notice in the mail after a few days.

Beginners should avoid complicating things trying to get rich in a day by
venturing into every nook and cranny without knowing a thing or two about them.


To begin with, you need a broker to handle your trades individuals don t have
access to the electronic markets. Your broker accesses the exchange network and
the system finds a buyer or seller depending on your order. Choose the right
broker rationally. This is a crucial point of money making from stocks.



Depend on your comprehension and your broker, who must be a professional. Never
bypass understanding fully the cause(s) behind a bad result when it occurs.
Learn from your experiences, document them, and keep reading them once in a
while.



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connectivity, typically in a data center.

Gft Forex: Leader Of The Pack

GFT, or Global Forex Trading, was established in 1997 as a division of Global
Futures & Forex Ltd. Its founder, Gary Tilken, envisioned a site which would
offer solutions to the more and more complex demands of currency trading
customers in both the Forex and futures markets. In the past decade GFT Forex
has become one of the most widely used online currency trading firms.

GFT Forex not only caters to individual Forex traders; its reputation is such
that it now counts hedge funds, international corporations, and major financial
institutions among its clients. It has built that reputation on integrity and
the high standard of the around-the clock customer service available to its
foreign exchange traders.

Knowing that currency traders live and die with the speed at which fluctuations
in currency prices reach them, GFT s state-of-the-art Forex trading provides
them with total market access. GFT Forex customers can rest assured that they
are receiving the same information as the biggest Forex traders. GFT Forex, in
addition, has the DealBook FX trading platform, a reasonably priced, instant and
highly effective trading tool with uniquely sophisticated features.

DealBook FX

Before the arrival of DealBook FX from GFT Forex, there was no software capable
of delivering currency prices as quickly and accurately as traders needed them
to succeed in the roller coaster world of Forex trading. With the introduction
of DealBook FX, GFT Forex saw its own fortunes soar.

Other Advantage Of Trading With GFT Forex

In addition to its DealBook FX software, GFT Forex offers its customers several
other benefits. Many Forex trading sites will give their traders twenty-four
hour trading access, a leverage ratio of 100:1, and commission free trading. But
GFT Forex customers receive all that, and much, much more.

For USD/JPY and EURO/USD trades, GFT offers three pip spreads. GFT will
guarantee a fill not only on stop loss, but also on limit orders; and its
trading platform is designed to deal with multiple currencies. It trades those
currencies in more than sixty different pairs, offers outstanding charting
features, and has liquidity unparalleled among Forex trading houses. GFT also
has the lowest margin requirements in the currency trading universe, and offers
individual training in currency trading. And wireless trading, of course, is a
given.

With instant trade execution, commission free trading, and the industry s
premiere trading platform, GFT Forex has done everything in its power to make
sure your experience n Forex trading is a winning one!

Choose Your Online Forex Broker

Online Forex brokers are known to be a required evil if you are going to trade in currency. There are also those people who are eligible to trade without outside assistance, but for the normal trader, enforcing to trade on the Online Forex market with no broker is like trying to chase a grizzly bear with a soup spoon. Your chances of achievement are actually very low, and there is a distinct option you would get hurt quite badly. Of course choosing the incorrect forex broker might return results same as to the sick fated bear hunt. That is why it is significant that you select a broker in the right way.

First thing to be considered is to be sure that the broker you choose has the proper qualifications. When you look at the brokerage firms in the United States, immediately exclude those that are not registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC). This is again important as this designation means that you are confined against scam and any possible abusive forex trading practices. Covering your personal security before a forex trade has been made is a high-quality way to wade gradually into the forex currency market.

Once you have removed the ones who do not have the required qualifications, and now have a short list of potential, the internet comes into picture. Just don't go with the brokerage firm, which has the best profitable, or gets the most excellent "Law and Order" individuality to assist in the following advertising, research your choices. A superior idea is to send some effective emails to your customer service people. Estimate how long it takes them to get in touch to you. This is, after all, a customer examine ambitious profession.

Once you are pleased with a firm's experience and customer service practices, its time to get down to your self-assurance tacks. Online forex trading speed is forever an issue, so find out how fast it takes your own potential online forex broker to carry out an order. Also, you would desire to know how much slippage could be expected. This needs information, which could be discovered in a phone call, or any email to customer service. You would desire these answers not only for regular markets, but for fast moving ones as well.

The Philosophy Of Winning In Trading The Forex Market -the Sure Way To Become A Successful Trader

Everyone who enters into the forex market to trade always starts off with
good intentions. They will invariably aim to win. They are there to make
gigantic profits in the market. After all, it is a keen interest in trading that
has led to their involvement in trading the forex market.

In all my years of trading, I have yet to meet a complete newbie who is in the
forex market to trade without spending at least some time to learn how to trade.
At worst, the newbie to forex trading has at least learned the technical terms
to trading, and has at least entered his trading account to look at the trading
platform and the trading interface provided by his broker.

In the quest to become a better trader, most forex traders I know would have
learnt the use of many tools, usually technical tools. To them, the tools are
their weapons of war. Many use technical trading systems to help them get a more
accurate analysis of price movements, and to study price trends. Some use simple
trend trading methods such as trendlines, others use price patterns of
congestion and outbreaks, some use the more sophisticated Elliot wave counting
and WD Gann squaring of price and time, and some even neural networks
forecasting and astronomy. Yet, with the help of many trading tools, a big
majority of traders are still unprofitable.

Herein lies the problem with many traders.

In forex trading, like in all forms of market trading, the amount of tools you
use, whether singly or in synergy, will not guarantee your success. Having a
battery of technical indicators to provide you a technical reading will not
ensure your success in trading.At best, these technical indicators will help you
understand the market trend more, or might even serve to confuse you especially
if they generate conflicting signals.

Forex trading, is just like fighting a battle, and the following principle holds
true:

"It's not the sword that wins the battle.

It's the Warrior who s wielding it.

It's the warrior who's wielding the sword that will determine the outcome of the
battle. In other words, if you are a forex trader, it is your trading
discipline, and the proper use of the trading tool or method that will ensure
your success.It is you, the trading warrior, who wields the trading tool
correctly that can ensure the battle is won.

Therefore to become a successful trader, you will need to master your self - to
follow a set trading method and to execute the trades based on a trading plan,
where you will follow stringently to the best trading setups and exit at
pre-determined stop losses. Without trading discipline, you will not be able to
master your trades, and you will find profits hard to come by.

It is only when you master yourself to conduct discipline trading and also
master your trades by following a proven trading methodology with a timely and
suitable entry and exit strategy that you can become a profitable trader.