The Best Forex Trading Platforms

Forex trading platforms are software through which online brokers and investors can perform daily forex trading from anywhere around the world.

New age forex trading platforms offer you advanced, unique features that can actually change the way one used to perceive online trading. The best forex trading platform presents the blend of functional usage combined with ease of use.

The best forex trading platform will be designed to help the investor in executing the trading most effectively by employing strategies to maximize the return. Most of the forex trading platforms are powered with unique analysis and strategy-testing features to test all buy and sell rules.

With a click of your mouse you can access strategy performance reports with simulated results like profit versus loss, annual rate of return, etc. Based on them you can modify your trading strategies without incurring losses.

The best forex trading platform always comes with fully automated real-time online streaming data from the market to take the advantage of the liquidity of the market. The best forex trading platform connects your monitor to the markets.

This also ensures that you get the execution prices on every order type available without any slippage. The best forex trading platform should provide the robust backbone to handle transaction of heavy data and information traffic.

The best forex trading platform must offer more than one type of account like standard, institutional or mini. The platform should come with different operating packages like Flash, Java, or WAP. These software provide firewall protection to maintain the security and integrity of your trading.

You can perform your trading from home, office, laptop on the go or even from an internet café with equal ease. The best forex trading platform will facilitate you to use the system without downloading any program, which presents perfect mobility to the traders or investors.

The best forex trading platform should offer:

• Tight spread on all major currency pairs with cutting-edge trading technology
• Quick execution with unlimited transaction amount
• No slippages and no requites
• Constant margin requirements in all volatile market condition
• Multiple real-time charts and other technical analysis based predictions with maximum visual representation
• Flexibility of placing complex orders including contingency orders
• Real time margin and position monitoring.
• Technical analysis for all demo and live accounts
• Authentic market news and economic calendar
• Performance, Security, Simplicity and Transparency
• Trading history and print out any reports

With advanced mobile forex trading platforms, you can operate when you are away from your computer. Therefore the best forex-trading platform with facilities of mobile trading enables you access and trade your forex account from anywhere with your mobile phone.

These platforms come with easy to use interface, where you can easily move from one screen to the next. You can place market and contingent orders with simple steps and can have full reports including execution and open order.

Which is the right Forex trading strategy?

Learning Forex trading is not a simple task, but in no way it is difficult either. Forex trading is all about regulation, willpower and determination. Leveraging your strength could be extravagant by organizing the apt Forex trading strategy. You may find hundreds and thousands of Forex trading strategies out there. Logic would tell us that there is a foreign currency strategy out there which leverages our strengths. All forex trading strategies use a variety of indicators and combinations. These indicators and studies are just calculating support and resistance and trend in the Forex trading market.

Which forex trading strategy actually works?

First, we should know who we are as forex traders. Does our character fit the pip sniper mode or does our nature draw us more towards swing forex trading. Finding your trading character would simply mean studying and practicing the different time frames and related with Forex trading strategies. Over time you might also notice a higher level of achievement and/or ease trading one style over others. You need to pay attention! The forex market is uttering you where your cleverness is more competent of extract reliable profits for the market. This is why journaling is so imperative to your every day forex trading.

Secondly, if in case you are using some body else’s forex strategy, a most of us are, organize this strategy with no change until you fully and totally recognize all aspect of the strategy through back-testing and as well with some real life experience. Don’t fall into entrap of jumping from one strategy to strategy or mixing different strategies when the one you are using does not lead to instant success. This is only a guideline for disaster.

Take the time to actually understand the forex trading strategy. Study the components independently so a deeper understanding of the strategic mechanisms would be mastered. If you recognize the components, internalize its use, and make consistent profits into your forex trading account, then you have your own Forex trading strategy. It does not really matter what the professionals say, your account balance is the final judge and judges for your Forex trading strategy.

Living the Dream – Facts on Becoming A Pro Forex Trader From Home

It’s the dream of all Forex traders to set up a business they can make huge profits from and do it from home. No boss, any long hours - just big profits! Is it possible?

Yes it is but you need to keep the following facts firmly in mind.

Fact: Anyone can learn to trade

It’s a fact that anyone can learn to trade and everything about trading can be specifically learned by those traders prepared to put in the time and effort to do so and this was clearly demonstrated by the following:

In 1983 in a famous experiment legendary trader Richard Dennis taught a group of people with no previous experience to trade in 14 days.

The result?

They went on to make Dennis $100 million and become some of the most famous traders of all time.

Fact: While Anyone can learn to trade correctly few do!

The fact is that 95% of novice traders quickly lose their money and lose!

So if it’s possible for anyone to learn why do they not do so?

The reason lies in the fact that many traders learn the wrong knowledge and also fall victim to their emotions. You need to work smart and learn the right knowledge – this is totally different to working hard and the rewards if you focus on the RIGHT information are huge.

Fact: Obtaining trading discipline is the hard part.

Most traders can learn a method, but applying it with discipline is the hard part.

keep in mind if you don’t have the discipline to execute your method with discipline you have no method in the first place!

Fact: Trading success comes from within

To get discipline in your forex trading, you need to have confidence in what your doing and most traders don’t take the time and trouble to learn the basics to do this and fail.

They continually believe mentors, who tell them by following them they can achieve success by simply following them. Well the fact is only you can give yourself confidence by learning the basics, by doing so you will give yourself confidence and from confidence in what your doing - comes discipline.

Fact: Most Traders can’t handle risk

They are so afraid of risk they actually create it.

They let losses run, snatching profits early - giving them no chance of success.

They effectively try and restrict risk so much they actually create it and guarantee that they will lose.

If you don’t like risk don’t trade, it’s as simple as that.

Successful forex trading is all about taking risks at the right time and executing trading signals with confidence and discipline.

Fact: Most Traders Predict and lose

If you want to trade successfully you must forget about predicting, as this is simply another word for hope and if you hope in any venture in life, you will lose.

They buy into levels of support and hope they hold – well that’s a great way to lose - Or they believe in ridiculous theories such as Elliot wave and Fibonacci, which say you can predict market movement and reduce trading to a scientific method.

How to Day Trade for a Living – A Systematic Approach

“Is it really possible to make a living as a day trader?”

This question is asked over and over and over again by normal, ordinary people. The answer is simple: “Yes, it is DEFINITELY possible! And, better yet, you yourself can do it!” Sometimes people don’t believe me when I say that they can become successful, full-time day traders, but it’s true. And I’m going to prove it to you right now.

Before we get started, I need you to ask yourself one very important question: “How much is ‘a living?’” Many people want to be ‘rich,’ but they fail to quantify what ‘rich’ means to them. Are you ‘rich’ if you have one million dollars? Maybe so, but if you told Donald Trump that he had one million dollars in his bank account, he’d wonder what had happened to the rest of it! One million dollars to Donald Trump equals broke!

How to Make $150,000 Per Year Since I don’t want to get into a deep discussion about “how much money is a decent living for you,” let’s just assume that you would be pretty happy if you were making $150,000 per year, and let’s say that you are making this money with your trading. Does that sound reasonable?

Let’s break it down: $150,000 per year would be $12,500 per month, or, if you prefer, $3,000 per week. This is assuming that you are taking two weeks of vacation per year.

So, would you like me to tell you how you can make that imaginary figure of $3,000 per week – that $150,000 per year – into a reality? Because I can. All it takes is smarts and strategies.

Start Small – Set a Weekly Goal for Only ONE Contract When day trading futures, options, or forex, you can use leverage and trade multiple contracts on a rather small account. If you are thinking about trading the futures market, then you can easily find a broker who will enable you to trade one contract of almost any futures instrument that is our there – such as e-mini S&P, e-mini Russell, currency futures, interest rates, commodities, etc. – on a $2,000 account.

I teach my students to set a weekly goal of $300 per contract. So, if you want to make $3,000 per week, then you need to trade ten contracts. It’s possible that your broker might agree to let you trade ten contracts with $20,000 in your trading account, but if he won’t – or if you don’t have $20,000 in your account at the moment – don’t worry. Just stick with me, and I’ll show you how to get there.

How to Achieve Your Weekly Goal The key element to trading success is having a sound trading strategy, and it must be one that works effectively in a variety of markets. You will dramatically increase your chances of success in trading if you’re able to trade in multiple markets. Now, understand that when I say “multiple markets,” I do NOT mean different types of currencies! This is a common misconception. What I’m talking about is TRUE diversification, which means watching the two U.S. Stock Index markets, one or two currency markets, commodities like the grains, interest rates, and/or a foreign index market, all at the same time. Here at Rockwell Trading Inc., we teach our students to watch six different markets every single day.

Forex Trading – Scientific Theories of Market Movement for Bigger Profits

Many forex traders look to trade scientifically using the theories of Gann, Elliot and Fibonacci to name but a few – which is best though and how do these theories work?

Let’s find out.

Scientific theories postulate that as human nature is constant.

What has happened in the past will happen again and repeat itself in the future and all you need to do is trade these repetitive patterns – this is really the basis upon which technical analysis is based#.

Scientific theories take it a step further - by saying their theories represent “natural law” and can predict the future.

Forex traders buy these theories in huge numbers and believe them - but they don’t work.

Lets take the theories of Elliot (who died a pauper) and W D Gann (who had to sell courses to make a living) and ignore the fact they couldn’t make money out of their own theories and look at why these theories cannot work for anyone. I have totally ignored Fibonacci, as this is not a financial theory at all but was devised to solve a problem to do with copulation of rabbits in the 12th century!

So why don’t they work?

The answer is obvious:

If there was a scientific theory for market movement we would all know the price in advance and their would be no market! A market moves due to the difference of opinions and is unpredictable.

This really is common sense and trading is really an odds game not a scientific theory but the far out investment crowd can't get enough of these theories and buy into them.

Of course there is another problem with these theories which is never mentioned:

If a theory is scientific then it should be objective and tell you exactly what to do as it is following the law of the market. Check out Elliot wave, it’s supposed to be objective but it's totally subjective!

It’s a scientific law and you have to decide which way prices are going -does that sound scientific to you?

Fibonacci levels are great though, you get specific retracements – try and use them and see how quickly you wipe out your equity! This is simply the dumbest theory of the lot. No disrespect to Leonardo Fibonacci though, he had no idea when he devised the theory in the 12th century it would be hijacked by financial traders!

The fact is these theories appeal to lazy, naive or far out investors and its obvious there is no scientific law that dictates market movement.

If you want to know how markets really move then look at some sensible theories and perhaps the best one to start with is Dow Theory.

Trading forex (or any other financial market for that matter) is simply about trading odds nothing more.

Now the fact you are trading odds doesn’t mean you can’t make a lot of money – you can.

Don’t look for short cuts or think you can cut the risk with scientific theories you cant – you need to do your homework and come up with a theory to help you trade the odds.

If you do this correctly you could soon be building big profits.

Leave the scientific theories to the dreamers and concentrate on the reality of winning.

Insider’s Guide to Forex Trading

This is the first in a series of insights into trading the forex markets successfully. We have ten keys to trading success that all new forex traders and certainly many experienced forex traders need to learn and need to know. We’ll start with the top three with the rest detailed in the rest of this series.

11. Commission Free Trading

This was the initial sales pitch most brokers used and many still do. “You’ll trade for free – no commissions!” Well, any of us who trade actively know commissions add up to some ungodly amounts – many times you look at your annual statements if you trade actively and it’s not uncommon that your broker makes more, maybe much more, than you do in your trading profits. Forex trading is not commission free. Sure, there is usually not an “add-on” commission. However, they force you to pay a spread on every trade. You have to always buy at the ask and always sell at the bid. This is not the case in stocks, or futures or really any other market.

This forced spread on every trade is a commission. That’s what it is. Despite what the broker might claim. And that forced spread is not cheap. 3 pips is $30 on a just one full sized pair. Try $50 on a 5 pip spread you still see as commonplace.

Now, compare that to your average futures or stock trade. Which is more? Forex usually by far. Now, let’s not leave it at that. Remember, you get some amazing leverage opportunities with Forex so the actual commission compared to the dollar volume you are able to trade is actually reasonable in some cases – assuming you trade at the right places and follow the right strategies. We’ll cover that below.

12. 100:1 Leverage…No, Wait! How about 200:1….or 400:1?

You’re going to be rich! With that kind of leverage you make just a few pips per days and you’ll spend as much time with your banker as you do with your significant other, right? You look at the end of month totals from your strategy, run it through your state of the art Leverage Calculator and instantly you are making 100%, 300% or 500% per month. Do that a few months, a bit of compounding and you’ll be buying that private island after all. This is another one of those broker come-ons. It just doesn’t work this way. Yes, you can get this leverage. The brokers are going to allow it so I’m not saying it isn’t as advertised. However, you are guaranteed to wipe out using it. Guaranteed. There simply is no way you can trade at these leverage levels and make it. Not unless you are some trading genius who can take a trade and never lose. If you are – please contact me at once!

For the rest of us, you are going to lose. You are going to lose more than once. You are going to have some losing streaks. It’s the nature of trading. It’s not a big deal, especially if you can win more than you lose, and if your average win is greater than your average loss. You do that and who cares about some losses. Don’t get hung up on it.

Building Wealth Quickly – A 3 Step Method Anyone Can Use

Anyone can build wealth but most people don’t, they simply sit back and dream because they have no plan – here we are going to give you a plan - anyone can follow and anyone can build wealth with.

1. Why This Business Is Applicable To Anyone

Firstly, everything about the following business can be learned, by those willing to put in the time and effort to do so. You don’t need a college education and you don’t need to spend months or years learning this business.

You can master it in just a few weeks and then you’re all set to start building wealth.

The reason this business is excellent for wealth building is you get to use:

2. The Power of Leverage

Most people who want to make money fast and build wealth don’t have much to start with and need some help -If you really want to get rich quick, you need to leverage your money.

Leverage simply means making your money work harder by investing more than you have and here is an example:

Deposit $1,000 into an account with a broker and they will immediately allow you to trade $200,000 ( 200 ;1 leverage 200 x 1,000 ) no questions asked and this leverage comes as standard.

Of course you will need to be careful to control risk, but if can cut losses and run profits you can build wealth quickly.

So what is the best place to leverage your money?

3. The Vehicle

The global currency markets are one of the best ways to build wealth quickly and it doesn’t matter if you don’t have much money or have ever traded before.

People can and do make money fast and everything about trading can be specifically learned, as the following example will graphically illustrate:

In 1983 legendary trader Richard Dennis, taught 14 people with no previous trading experience to trade - in just two weeks.

The result of the experiment was: These traders made him $100 million!

Dennis did the experiment, to prove that anyone can learn to trade and he was proved right - as all the traders made big gains and many are still trading today.

Currency trading is available to all and anyone can learn it as we have said – now lets look at some of the

other benefits

- You can trade in under an hour a day

- You can open an account with just a few hundred dollars

- You only need an internet connection and computer

- You can take holidays and breaks when you want

- You can leverage your cash

So how do you get started?

The best way is to simply learn about forex charts and technical analysis.

This is easy to learn - if you can read a graph and spot repetitive chart patterns, then your all set. The fact is, if you look at any chart - currencies trend in one direction or another and by locking into these trends, you can trade them for profit.

You are simply looking for repetitive chart patterns and you can learn to do this quite quickly. Is there a hard part?

Yes - you need to be able to trade with rigid discipline and apply your system non emotionally even when you lose – but if you have a burning desire to succeed, you will generally do anything you need to and this involves trading to a plan and being disciplined.

Currency trading is:

Easy to learn, anyone can do it with the desire to succeed, you don’t need much money and you can leverage what you have for huge gains.

Currency trading is the perfect investment to build wealth quickly and if you take a closer look at it you maybe glad you did - it could change your financial future forever.

Forex Trading News – How To Use it Correctly For Profit

Today, forex trading news is more plentiful than ever. There are numerous sources to choose from and there all delivered at the click of a mouse, so you can get breaking news whenever you wish.

Here we will look at how to use Forex trading news and mistakes to avoid.

First let’s start with a rather startling fact:

100 years ago 90% of traders lost and today the ratio still remains the same.

This is despite better more frequent Forex news, better computers, more powerful software and more information than ever on the markets.

The fact is knowing the news won’t help you win – in fact, it generally helps traders lose! There are 3 main reasons for this:

News is discounted in a split second.

In today’s world of instant communications news is discounted immediately, so by the time you have seen it and had a chance to act upon it, the moment has gone and the market is looking toward the future.

News is Stories

Those analysts are so convincing with their arguments! Their normally great at explaining what has happened - but you can’t trade off what they say, as they have no idea what will happen - there simply stories and opinions.

Will Rodgers once said.

“I only believe what I Read in the papers”

Now he was joking, but its surprising how many traders take what they hear on the news as a recommendation to trade.

News Gets Your Emotions Involved

Humans don’t like to stand alone and the news reflects what the majority want to hear but that is completely different from what you have to do, to trade to win.

The bulk of traders lose and the bulk listen to the news, so if you avoid it, you can step aside and not let your emotions get involved.

If you do this, you can trade in a disciplined fashion and join the elite minority of winners.

If you use forex charts and simply follow price action, you are far more likely to be successful than you would be by following news stories.

WHERE THE NEWS CAN HELP YOU!

There is one great way to use the news:

If you see a very bullish or bearish market and the news supports the prevailing view but the market does not react the way it should – then its time to look for a contrary trade and time your entry points via your forex charts.

It’s a fact that:

Bullish markets collapse when the fundamentals are most bullish and bearish markets rally when the news is at its most bearish.

If you can look for these turning points on your charts and find the news suddenly stops pushing the market the way it should, a contrary trade is developing and a big profitable trade is shaping up.

Finally

The way to use forex news outlined above, is a very powerful profit tool but completely different to the way most forex traders use it!

Forex Day Trading – How To Earn BIG Profits Everyday!

There are many forex day traders whose aim is to make regular profits everyday and over time these small profits mount up. There are plenty of forex trading systems on the net to choose from - but how do you choose the best for this form of trading?

The fact is you can’t choose the best one because NONE of them work.

Fact:

It is impossible to earn money every day or regularly when trading and it’s impossible with day trading - because day trading simply doesn’t work at all.

The Reality

Day trading systems are sold on hyped advertising copy and use hypothetical track records (that means done in hindsight knowing the closing prices!) so their of no use in proving profitability going forward.

Keep in mind you never find a day trading system with a real time track record.

So why doesn’t day trading work?

Quite simply because the data period is to short and you cant get the odds on your side.

Think about it:

There are millions of traders trading trillions of dollars each day and to say that you can judge what they will do in a few hours is laughable, yet many naive and greedy traders take the bait, buy a system and lose.

FACT

All short term volatility is random and prices can and do go anywhere in a day, support and resistance levels are therefore meaningless.

You can never get the odds on your side and over time you will lose – PERIOD.

Are there any day traders with real time track records?

Many claim they have but will never show it to you maybe there is one somewhere but I have never found one in 25 years of trading.

The people who sell these systems know there a good story and simply use hyped advertising and a meaningless hypothetical simulation to sell the system. Of course these people don’t have the confidence to trade themselves for real, as they know the systems don’t work.

The deal is:

You buy the course or system, then lose and they pocket a fee or guaranteed income.

You lose they win, it’s as simple as that.

Sorry - No FREE Lunch

There are a huge number of forex trading systems out there (most in forex day trading) that promise that if you follow them you will get rich. Of course if it were as simple as that everyone would be traders and no one would work!

Forex trading is hard – 95% of traders lose.

To win you need to learn and trade in away that you can get the odds in your favour and that means no day trading - look longer term and do your homework.

There is no “free lunch” when it comes to making money, so when you see the next “sure fire” forex day trading system don’t be fooled by the copy or ask for the real time track record and if you do get one – let me know.

Trading With Automatic Forex Trading

Forex Trading is an online, global market where central banks and large corporations buy blocks of currency (usually in lots of 100,000 units) for 24 hours a per day, hold on weekends. Since the mid 1990s, it's been possible for small investors to get into the act as well. The state-of-the-art now available to the individual investor has sparked great interest in automatic forex trading.

The Foreign Exchange (Forex) market is the marketplace where currency of one country is traded for currency of another country. These trades happen constantly and in a vast number of transactions that equate into billions of dollars on trades being carried out on a daily basis, making Forex one of the largest and most active financial markets.

In one form or another, Forex has existed as long as currencies have been traded, but it has only been very recently, in the last decade or so, that currencies started to be traded by the "public." For decades this market was exclusively the domain of the back rooms of the banks which profited considerably over this time. With the advent of the internet and sophisticated automated Forex trading systems, the facility to contribute in the Forex market is now open to virtually anyone, as long as they have a computer, an internet connection, a Forex brokerage account and a good system.

And therein lies the rub. Trying to stay on top of a forex position requires constant monitoring. Fortunately, there are automated tools that will let you specify a currency, an asking price, and a selling price. Combined with a brokerage account (so that you don't have to put in $100,000 in seed money, but can get your funds aggregated with other investors), these can provide a reliable automatic forex trading system that will manage your purchase and sell orders, whether it's 4 AM or 2 PM your time.

The major benefit of automatic Forex trading systems is that it allows you to improve from the profitability of the Forex market without having to become a professional authority in Forex trading, and with very little investment of your time. In fact, there are five different ways that you can benefit from such systems, as follows:

Benefit One: With an automatic Forex trading system, you are not required to do the actual trading yourself which means you are not putting in a great deal of time and are not chained to your computer. This is a huge benefit for many and for most people interested in Forex, it is top on their list of benefits. And, for the Forex trader who enjoys being tied to the personal pc trading, it also means he is able to trade through one system and also be able to trade at the same time trade with a second or third account using an automated platform. But, for those not interested in the daily grind of trading, they can take care of their primary business and still enjoy Forex profits.

Benefit Two: An automated Forex trading system allows your trades to be made at any time of the day or night, regardless of your presence. With a manual trading platform, some of the profitable trades will be missed when the trader is not able to be at the computer. The nature of automatic trading overcomes this problem and provides profitable trades to take a place without any human intervention.

Benefit Three: You also have the option of taking advantage of multiple Forex strategies and different systems when you are running your Forex trading on auto-pilot. You can trade through many systems with the same automated trading provider, or you can choose to operate with more than one provider. Because different systems are designed to be triggered by different indicators, and emphasize different currency pairs, trading through more than one automated system allows you to diversify your investment, and your risk, and with virtually no additional work on your part.

Benefit Four: Using an automatic Forex trading system eliminates the human foibles and psychology that can often interfere with proper and profitable trading decisions.

Benefit Five: You are able to make trades that would be impossible for one person to be able to keep up with. A private body is only capable of monitoring a few currency pairs at a time, but utilizing an automated system enables you to multiply the number of pairs you can follow and trades you can execute, because it is the sophisticated software that is doing it all for you.

Some trends worth watching when doing foreign exchange trading are changes to prime lending rates, or increasing the capital thresholds in certain markets. Drops in a prime rate tend to reduce the asking price of a given unit of foreign exposure, because it's easier to take out a credit, and increases the quantity of fund in circulation. Other trends to watch are wars - during the run up to the war in Iraq, the Euro went from $0.81 cents each to $1.41, before settling back down to roughly $1.25, where it's remained stable ever since. The trick is to look at the news, and make a good hunch as to how it's going to impact the forex market, and then set your automated forex trading system to capitalize on it, even if you're soundly tired.

Forex Trading Mistakes – Try To Predict Prices and You Will Lose!

Most novice forex traders believe that to make money in forex trading they need to predict forex price direction in advance to win. The fact of the matter is if you try and predict where forex prices are going to go you are destined to lose! It’s obvious really when you think about it.

If you try and predict you are hoping or guessing where prices will go and relying on hope or guessing, in any venture is not a good idea and in forex trading it leads to equity wipe out.

A Better Way To Trade – Confirm the Move.

You don’t have to predict though you can act on confirmation and if you do you are not relying on hope or guessing – you are getting the odds in your favour and this can lead to long term profits.

For example, a trader sees prices dipping to support and simply enters the market – he has no idea of whether the support will hold, he is simply guessing and hoping.

Trade Like a Pro

The professional trader doesn’t simply buy into support he WAITS For prices to turn up and watches price momentum to confirm the fact and when prices are moving away from support he enters.

If you wait for price momentum to confirm support has held you are trading with the odds and this is the real way the professional forex trader’s trade.

No guessing or hoping they are trading the confirmation or the reality of price change to increase their chances of currency trading success.

How To Confirm Momentum.

If you know nothing about momentum indicators then you should – their an essential part of any traders Forex education.

If you want to learn forex trading correctly, you must understand and use momentum.

95% of Forex traders lose and in most instances it’s because they rely on hoping and guessing and don’t use the confirmation of momentum.

Great momentum indicators to look at are:

Average directional Movement ADX Relative Strength Index (RSI) - both were developed by trading legend Wells Wilder and the stochastic indicator developed by George Lane.

There are of course other momentum indicators but the above 3 are a great place to start.

When using a forex trading system you should use the following steps:

Look at tests of support and resistance and ONLY execute your trading signal - AFTER Momentum has confirmed your view.

You may well say that this will miss the bottom but you cant spot that in advance anyway (and no forex trader can) so don’t even try.

Forex trading is a game of odds and if you don’t get the odds in your favour you will lose.

Markets are a Game Of Odds Not a Science!

95% of traders lose, because they fail to grasp that forex trading is a game of odds and believe in scientific predictive theories like Gann, Elliot wave or following the Fibonacci number sequence – they don’t work.

Keep in mind Elliot died a pauper, Gann sold courses to survive and the Fibonacci number sequence had nothing to do with finance!

Play the odds and you can win, with your forex trading strategy –try and predict without confirmation and you are guaranteed to lose – PERIOD.

Best Online Business – A Way to Build Wealth that’s Open to Anyone

The business outlined here takes just a few hundred dollars to set up and has the potential to make money fast in less than an hour a day and can be learned by anyone. It’s the best online business for profits so let’s look at it.

The business is becoming a currency trader from home – Before You say I couldn’t do that - check out the advantages below and you will soon change your mind:

• Work from home and build wealth in less than an hour a day.

• You can take breaks whenever you want.

• The business can be learned by anyone.

• All you need is a computer and an internet connection.

• No expensive staff, stock, premises or marketing overheads are low.

• There is never a recession and profit potential everyday

• You can get started with around $500.00

• You can get leverage on your deposit to increase wealth building potential.

If for example you deposit $1,000 your broker will give you leverage of 100:1 or more allowing you to trade $100,000! This money to leverage is granted to you as soon as you open your account, no other checks or criteria are made

It is this opportunity to leverage your money that makes this a unique wealth building opportunity and gives you the opportunity to make money fast.

Leverage can of course work for or against you.

The key to success is to employ strict risk control to keep losses small and run the big profits – more of this key point later but you may be asking yourself:

Can anyone really learn to trade?

The answer is yes, everything about trading can be specifically learned by anyone with desire to do so and the story below will illustrate the potential.

14 Days to Successful Trading

In 1983 legendary trader Richard Dennis set out to prove this point with a unique experiment. He got a group of people from all walks of life who had never traded before, were all ages and taught them a specific trading method in just 14 days - he then sent them to trade their own accounts.

The Result?

They made Dennis $100 million dollars and went on to become some of the most famous traders of all time with many still trading today.

How to Do it

The fact is anyone can learn how to trade. If you have a burning desire to succeed, a willingness to learn the right knowledge and want to change your financial future then you can achieve success with this business.

The fact is that all currencies trend and move in the same direction for sustained periods of time. If you can lock into these profits you can pile up huge profits.

The way to do this is to use forex charts and act upon repetitive price patterns, that are easy to spot with a little practice and combine this with strict risk control, to restrict losses and run profits – if you do this you can build big profits over time.

If you put leverage to work you can truly achieve spectacular gains – all you need to do is learn methods that are open to anyone.

Forex trading is the ultimate way to make money from the free world market and for those who take up the challenge, the rewards are financial freedom and the opportunity to build wealth that you have only dreamed about.

Forex Trading – Living the Dream of Financial Freedom in 3 Steps

Imagine being able to trade your way to financial freedom in forex trading and in just 30 minutes a day build wealth quickly. Is it possible to do this? Certainly it is, so long as you keep these facts in mind.

Firstly 95% of traders lose money but don’t let this worry you to much.

The facts also point out that everything about forex trading can be specifically learned, by those traders prepared to put in the time and effort to do so.

A stunning example of this was “the turtle” experiment (see our other articles) where traders with no previous experience were taught to trade successfully in 14 days and ALL went on to make millions!

In forex trading the lessons from the above experiment you would be wise to learn are:

1. You need to work smart not hard

Knowledge is not power in forex markets and accumulating knowledge for the sake of it won’t help you.

You don’t get paid for effort in forex markets you get your reward for being RIGHT.

All you need is a simple Forex trading system that you can have confidence and you need to keep it simple as - they work far better than complicated ones, as there are fewer elements to break, in the brutal world of real time trading.

Again keep in mind what we have said earlier:

You get paid for being RIGHT that’s it - so don’t try and be clever.

You may be thinking this all sounds a bit easy and yes learning to trade is not hard – the hard bit is - executing the knowledge in a disciplined fashion.

2. You Need to Have confidence and discipline

If you can’t execute your forex trading strategy with discipline, you don’t have a strategy at all!

Executing a system in a disciplined fashion is the hard part in forex trading.

It’s well known that emotions get involved and ruin most traders.

Trading with discipline sounds easy but is anything but – its hard especially when money is on the line.

If you want to have discipline you need to have confidence and this really comes from building and understanding your own trading system.

You can’t buy this for a few hundred dollars – its doing the groundwork and doing it yourself that will give you the confidence to follow your system with discipline.

3. The Key To Your Success

Perhaps the one element I have missed out is desire.

If you have a burning desire to win and succeed - chances are you will do what is necessary to make it so.

If you read about the great traders and a good place to start is with Market Wizards – Jack schwager (Edit) - You will note that all the traders interviewed (and this is the cream of trading talent) had a burning desire to succeed, love what they’re doing, are humble and enjoy taking risks and the challenge Forex trading presents.

The Challenge

If that sounds like you, then there is nothing to stop you making it to – all you need to do is work smart and go into forex trading with the right mindset.

Money Makes Money- How Anyone can get $100,000 Now and Use It To Build Wealth

We all know money makes money and those with it make more than those without - that’s life. Here we will show you how to get $100,000 for yourself to trade and make money, if you have seed capital of just $500. Anyone can do it - here’s how.

You can do this simply by opening a forex trading account online – put in $500 and they will grant you 200:1 leverage on the cash 500 x 200 = $100,000.

Hang on you may say I can’t be a forex trader it’s to hard!

Fact is it’s a lot easier than most people think.

You don’t need a college education and you can learn the basics in a few weeks and then in under an hour a day you can trade for profit.

Let me tell you a story that may inspire you.

In a famous experiment legendary trader Richard Dennis set out to prove that everything about currency trading could be learned. He took a group of people from all walks of life and all ages - they had only one thing in common:

They had never traded.

After 14 days he set them off to trade – the result?

They made him $100 million dollars and went on to become some of the most successful traders of all time.

This proved the point – everything about trading can be learned by those willing to put in the effort. Sure you may not become as rich as the group above but you can become very successful – if you have the desire to do so.

Work Hard and Smart To Succeed

Of course it’s not easy; if it was the rewards would not be so great but there is a huge difference between something being achievable and out of reach and the fact is currency trading is in reach of anyone.

The major point you have to accept is leverage is a double edged sword – it can of course cause losses, as well as make huge gains. You therefore need a method that runs profits and cuts losses - if you can do this with discipline you can win.

Make Money Fast

It takes a while to do your homework, but the rewards for the effort you have to put in are simply immense. Currency trading is a great way to make money fast, sure it’s a challenge - but the question is:

The Question to Ask Yourself

Do you have desire and do you enjoy a challenge?

If so, welcome to the world of currency trading, the world’s best and most exciting business.

Forex Signal Service Providers

Forex signal service provides price action that set off market entry, exit, or any other intra-trade adjustment on the basis of technical indicators. Forex signal service providers are either brokers or professional traders or some market analysts.

It is always advisable to subscribe to one of such forex signal services, as you need not to spend time in monitoring the market round the clock. Forex trading signal providers help you in minimizing risks or losses in trading. But it is important that you understand the logic behind the signals. Then only you will be able to take the complete advantage of such signaling services.

There are forex signal service providers who offer their assistance in return of a small subscription. Many automated forex trading platform however offer free signal services to their customers. The purpose of the forex trading signals is to make informed decision for the trading. A mix and match of various signals provides a full proof trading strategy to gauge the right direction of the market.

The Forex signals service providers analyze several factors responsible for the movement of the market. The signals indicate the buying and selling time of the different currencies which are traded in the forex market. The signals are calculated and generated by using different indicators such as trends, moving average, Elliott waves, Bollinger bands, Fibonacci series, etc.

Forex signal service providers send you alerts when the conditions are right for the trade. They use cutting-edge technology based software, which constantly monitor all major currency pairs for generating technical indicators.

These forex signal service providers use historical data to match current chart patterns with old ones. Therefore you can judge the quality of service of the forex signal service providers by judging their past performances. The forex signal service providers must have proven track records of recommendations, which turned out to be true.

Some forex signal service providers specifically generate services for advanced or experienced traders and others are for new or intermediate investors and traders. To take the full advantage of the forex signal service, you should have a basic knowledge of the forex market.

Time frame for which the forex trading signals are generated is equally important. Few trading signals can be valid only for a few minutes or an hour; others may have recommendations that are valid for a day or more. If the forex trading signal providers generate signals for shorter time frame, you need to monitor the market frequently.

Some forex signal service providers offer add-on services like email or mobile alerts. The service provider should have end-to-end technical support for the customers. Some other factors, which you need to check before choosing a forex signal service provider are

Spread: Some forex signals providers do not include spread in their recommendations, which affects the performance of the trading system negatively. So find out the average number of positions performed per month on all currencies to guess the real profit.

Back testing results: Some forex signals providers may display only back testing result of their system performance that may show positive result. But this does ensure that the system will run in real time with same efficiency.

Using Forex Prediction Software

Forex prediction software let you trade knowing the market direction in advance. These software are easy-to-trade and specially designed to trade in forex market which issues prediction on the future direction of the market at any point of time and just with a click of the mouse.

A sophisticated forex prediction software may be based on neural network or genetic algorithms to produce intra-day and daily charts or snapshots of the future direction of the market. These software computing techniques analyze patterns from historical data and optimize system parameters to create highly accurate, full proof trading predictions.

A forex prediction software can generate intra-day chart that looks 6 1/2 hours into the future and is updated periodically. The most important function of such forex prediction software is to identify important intra-day pivot points.

In a forex prediction software, the daily chart looks even 20 days into the future and is updated everyday. With a forex prediction software, you can determine optimum entry points for short term trades or swing trades.

In a forex prediction software you can build your model and then backtest your trading system prior to entering the real market. You have to simply enter the online results and the forex predictor software will tell you the market trends. Most of the forex trading software uses one-hour moves to determine long and short positions. By using the last hour of price action it predicts the high, low, or close.

The forex prediction software may forecast the exact price level to enter the position and then exit at a predetermined price level. The upper and lower price lines in the forex prediction software are drawn and updated automatically through free live feed. Many forex prediction software may be customized to have an audio and visual alarm that will alert you whenever a currency pair price is about to hit major turning points.

The forex prediction software generates hourly turning points of any currency along with resistance and support levels. This will allow you to trade at these key turning points. If the forex trading software combines pivot price prediction with a news trading system, it gives you the greatest control over your trading. A forex prediction software helps you in trading with enough pip movement to create sizable profits while minimizing risk.

As the forex market is highly speculative, it is suitable for traders who understand the market and willing to assume the economic, legal and any other risks involved. A forex prediction software can only predict the future and can never guarantee a win or a specific price.

There are many factors and parameters that dynamically influence the market. Forex trading requires in-depth knowledge of the markets, trading techniques, and strategies. So you cannot dream of a profit depending only on a forex prediction software. But with knowledge, you can maximize your profits by using the predictions made by any forex prediction software.

Currency Converter

Currency Converter

Forex mechanical systems2c

There are always multiple ways of doing a task. Some take lesser time while others are easier to follow. And it is up to us to choose whichever works for us and take that path. It will hopefully be the right one. For people who are into foreign exchange trading and would rather not take too much risk but expect good returns they can follow the Forex mechanical systems2c to get an edge on the trade. One should however realize that forex involves spending a lot of time reading, learning, understanding and then making decisions based on these. There are some people who are willing to learn but are unable to comprehend all the information that is to be digested. For them, this automated system is the ideal solution as it saves time and does the trading for them. To know when to enter the market and when to exit and to identify the markets that are faring well and those that are likely to dip are all too much for a person to handle sometimes. This system will take away the hassles of all these and ensure there is smooth sailing for the investor.

When a person adopts the Forex mechanical systems2c trading, they are putting their money in the hands of a system that will do all the thinking for them. And it will also give indications regarding when the next order can be placed or what are the currencies to concentrate on and so on. Earlier people took a lot of time to get familiar with this system and use it, but now with advancement in technology, the systems have become very user friendly. But the trading that can be done through this is unlimited and transactions pour in and out at all times during the day or night.

The trader has the option of creating their own system of trading using the Forex mechanical systems2c . Or they can take the assistance of a professional to install it, so it works smoothly, wherein the system will be fitted with analysis and reports that you require and will be customized. The final option is to buy a preset system from the market, which has its own style of operations and generates reports based on what has been programmed into it. This is the safest and the easiest, especially if you are a beginner and still learning your way around. This will take care of all the fluctuations in price and the oscillation will be monitored and registered.

The system is so smart that it will even make transactions while you are sleeping and this way you might have earned anywhere from 50 to 150 pips overnight. And with the forex market operating through the day since it works on different time zones, there is no worry about setting the system to work in certain hours only. If a person can take some time to understand how the system works and how they need to read the data it generates, they can then sit back and watch the system rake in the profits.

Forex Trading Software - Which One To Choose?

Forex Trading Software and Forex Trading Systems are programs designed by currency trading experts, which interpret data from the marketplace and favour low risk options which will have a greater chance in resulting in profit. There has been some bad press, specifically on forex trading software, and there are certainly some scams to be aware of out there. This article will describe some quality forex trading products, which will more than likely see you achieve success in your currency trading sooner.

Forex Killer

This product is in my mind the leader of all forex trading software options. Forex Killer was created by Andreas Kirchberger- a veteran currency trader who used to work for Deutsche Bank. This product really performs, and has had quite a lot of promotion- even on CNN. The software itself is extremely user friendly, with minimal options – which is ideal for those lacking in currency trading experience. It is highly compatible- works with all trading platforms in all countries. You can set up a demo account, and experiment with the software without having to risk any of your own capital. At the core of the software are extremely accurate algorithms which predict market activity with great results.

Profitable Trend Forex System

Profitable trend forex system is the product of veteran trader John Chen. John has developed and utilised this system before releasing it to the public. Some users have been able to consistently generate 83-114-157 pips a week. The key principles of John’s currency trading system is identifying the trend in the marketplace, and joining this trend with precise timing. This product would be better suited to people with some trading experience.

Forex Trading Machine

This product is the creation of Avi Frister, a veteran forex trader of over 11 years experience. The system is based on Price Driven Forex Trading (PDFT) – which is a specific style of trading. At the core of the system is understanding key trends and when to exploit them for profit. Avi is extremely upfront in explaining his methods on his website.

5EMas Forex System

This forex trading system is the creation of Adam Burgoyne. The system is completely unique, and claims to never have been used by anyone else in currency trading. The key principles of the system are identifying a significant trend while it is beginning, and utilising low risk exit strategies to increase the likelihood of profit.

Conclusion

It is well worth doing the research if you are seeking the best forex trading software and forex trading systems. Make sure the product you are considering is reputable- preferably some form of award, and a non-conditional money back guarantee. There are quite a few scams out there to be aware of, so be careful. Utilising quality forex trading software and systems will more than likely see you succeed faster in your currency trading ventures.

Why Forex Beats Stock and Commodity Markets

It is basically fact that the forex market (Foreign Currency Exchange Market) consistently outperforms the stock and commodity markets. This may be something you have heard before, and most likely assumed that was biased. There are however currently so many advantages with the forex market, that it is not hard to see the benefit of investing.

The forex market is truly a 24 hour market which never sleeps – as the sun is setting in one part, the sun is coming up in another. Although the market has cycles- peaks and troughs like any other market, it is not locked into the ‘bull vs bear’ mentality of the stock exchange. As forex is essentially the trading of one’s currency for another, this means when one currency is struggling another is profiting. Further to this the market is not affected by rising interest rates- as this has little bearing on the value of currency. In fact if anything rising interest rates tend to strengthen the currency, as opposed to the stock market in which it has a negative effect.

Currently the combined number of different stock issues on the NASDAQ and NYSE exchanges totals approximately 8000. This is a massive marketplace, and it takes considerable time and effort to accurately monitor the entire stock market. In Forex there are essentially 4 main currencies and 34 second tier currencies which drive the marketplace. One does not need brokerage firms to make a profit in currency trading. Brokerage and commission fees are essentially non existent, and if anything analysts provide information on trends of the currency market, rather than dictating where it should be heading.

The forex market is the ideal platform for anyone seeking a more stable investment. When it is compared with the stock and commodity markets it is plain to see the benefits.

Day trading forex currency

Day trading forex currency is just the way trading carried out by professionals during their day time is referred to. For them, it is a profession and a chosen career path. They therefore carry out various foreign exchange trades during the working hours. Earlier the primary investors involved in forex were the leading banks and multi-national banks, and it is only in the recent decades that private investors and individuals have gotten into this lucrative arena. And today the market consists of an equal number of players who are trading in foreign exchange adding to their income levels. When a trade is completed in the same day it is known as Day trading forex currency. This is possible when the traders are small investors or the amount traded is not a high volume. In a single day, the buying selling and other transactions are completed and there is no carrying over of stock to the next day. For the people involved in this, the buying limits are more than for those who take days to complete a deal. This is one of the well hidden secrets that only a select few traders are aware of.

Imagine having extra leverage of something like 100-200 times more than the average dealer provided one completes their deals within 24 hours, that is, a single day? This would mean that one can earn as much as possible if they play wisely and with discretion. There are some who have made this their primary business and concentrate their time only in Day trading forex currency. They could be of two kinds, either investing and trading for their own benefit or as a representative for any of the banks or other investors. In such cases, the professional trader has access to huge sums of money and information. The large sized banks and organizations make sure to provide all necessary information to the trader so that they can complete all related transactions within that working day.

Ever since forex trading has become big and there are thousands of people playing with their money on a daily basis, the different forms of trade have also become widespread. Understanding the market, its psychology, and the trends that have been in the past is very essential to have a good day trading system. If one were to read the data wrong or not pay attention, they might end up losing out on all the money. These traders need to gather data pertaining to currency rates on a daily basis and keep on top of the current updates. A well sought out strategy needs to be adopted if the person wants to succeed in these day trades and have repeated success. The signals and indicators could make or break a deal and so one must have a sharp eye that notices any changes in these with precision. Once the decision is made, there is no going back and so it is necessary to take careful steps, learn, understand and think hard before jumping into the pool of floating money.

Forex Currency Trading Beginner

Tired of working long hours? Are you bored of performing the same routine jobs day after day? Are you seeking more monetary benefits out of your employment but are not getting any at your current place of work? If you answered YES to all these questions, then it is time for a change. You can take your time in choosing a different career option or simply look for another company that satisfies your needs. Today, there are more people working from home earning more than those who go to a corporate office. This is because the venues open for earning from home are plenty and there is no dearth for people as well. There have been many who were into the big corporate world but have quit their jobs to take up forex trading as a full time business and are extremely happy in it. The only thing essential here is to be grounded, and be aware of all that is occurring around you in the world. Since money is dealt with and that too between countries, the political, economic conditions and the market's psychology should be monitored to note for changes. This will have a direct impact on the currency rate and in turn on your profits.

For forex currency trading beginners, they need to first get hold of a course or someone who will guide them as they learn the steps involved in profitable forex trading. They also must get it into their head that they are not going to be rich overnight as such a miracle is usually not possible. Just like it takes a while for a person to become a doctor and a student to become a lawyer, it takes time and one needs to be patient with forex trading. For a forex currency trading beginner, he needs to think with his head and not with his heart as it might be exciting to see profits initially, but it is not how it will be always. It takes time for a investor to mature and he needs to get as much experience as he can by using the various facilities available. The mini accounts are a wonderful way of playing in the forex trade while keeping one's risk low and being assured of a fixed amount of return. It might not be much, but it is a way to learn the ropes and make sure that you do not slip and fall by being in a hurry.

The forex currency trading beginner must not at any cost compare himself with a seasoned player as this will demotivate him. Once you open a live account and begin trading, you will realize that the 10 pips you have earned make a world of difference. Just like in any activity in our life, we initially need to be wary, taking baby steps till we are confident of what we are doing. Here too we need to follow the same principles. This way, we will remain steady and make better decisions, coming out a winner in the long run.

Course forex online trading

In every walk of life, there are people who are experts at what they do and there are others who struggle to get their holding right. It cannot be expected that everyone will act and operate the same way and so if a person is having difficulty they must seek assistance from someone who has already been there and learnt the ropes. This will help them to do their job or task better, in fact this is something all of us need to adopt and follow. It is not degrading to seek external help to perform an activity. And one must also recognize and accept that each one of us has a different style of operating and this depends on their comfort levels. For a person new to forex trading, they can avail themselves to one of the many course forex online trading available on the worldwide web. This will help them to learn and understand about the trade and the market and then he or she can decide if they are still interested in it or not. Enrolling in an online course means you are getting ready to do some learning, most of which will be on your own with the guidance of a book or online tutor.

There are certain things that one should keep in mind while adopting the course forex online trading to be successful in your forex trading:

1. Course rules -

The terms and conditions mentioned on the course forex online trading need to be read through before registering with the same. Make sure to check if there are any hidden clauses that will bind you to the company once you complete the course and also the fee charged and what all it includes.

2. Helping hand -

The course they are undergoing will only be a helping hand and not something that guarantees profits every time one makes an investment. The user should not blindly follow whatever is mentioned there but use their own thinking abilities and then only make decisions. They need to follow the guidelines to be able to protect themselves from heavy losses or burning their fingers too deep.

3. Trading style -

It is essential for a person to practice investing in the forex trade using different styles and finding their own personal unique style. This will be the one that helps them understand the market better and make predictions based on that which they play freely. If they find a tool that generates automated reports and charts, they can make use of them to add value to their investment choices.

4. Control -

Self control and control over the transactions will come in handy as one needs to be aware of what is happening around them. Whenever a person makes a sale they need to recognize the currency pair that is faring well and go for it. At the same time, if they have had a streak of luck, they must not instantly put in all the profits into the next pair available. They must take the necessary time and make the calculations that need to be done before investing.

Commodity forex online trading

Whenever we go to a store to buy a product, there is always something in return the shop keeper expects from us. This is how it works in most businesses and this is the case of forex as well, where there is what is called the commodity online forex trading. Any product used for commercial purpose is called a commodity and there are markets where these are traded and profits are earned by smart investors. Currency is a commodity, and so are bonds, metals, livestock and even grains or oil. Since the sale of these fetch a huge profit , which adds to the income of the state or country, they are all fitted into this category. For a person to trade in these, it is not enough if he monitors the market trend, but he must also watch the business inflow and outflow of that country. This is because if more business is made on the metal industry, the price of those commodities is bound to increase with a spurt in demand and this in turn will be a wise option to invest on. The same way, if business prospects look good for energy industry, one must go with that and make the decision and pull out if there is a slump in this particular arena.

There are some investors who agree to do a future forex trade on a certain commodity when they know that a new deal is about to signed on that commodity with the country. At times one can make a profit simply by agreeing to trade at a future date and price irrespective of the market trends. So it is not wise to simply stay focused on the market trends in case of these products but it is necessary to just go with the flow. If a person makes a sale today, he is expected to deliver the goods or commodities after a week only, and in that time if the prices fall, he can buy them back at that price. This way he makes a profit as the sale price will be more than the purchase price. Such is the world of commodity forex online trading. Since there are numerous websites offering online shopping and sell their products online, interested people can use these facilities to leverage their time and money and make a break for them to more easily get into the market.

In commodity forex online trading, the investor is the king and he is the one who decides the price of the commodities. There are several brokerage firms too that have come up to help the investors make a deal on any of the available products. One can open accounts with them and begin trading on these items and make a lucky pot of gold provided they make a timely decision. Some wise investors will also insist on spot trading which means the purchase or sale needs to take place instantly and they get their money right away. This saves them from undue losses and gives them a good head start on the market, so it is very important for a person to stay alert.

Genuine online forex trading

In any business, there are people who are genuine and then there are others who are out to scam the innocent people and swindle as much of their money as possible. While surfing the Internet, we come across many advertisements that warn us of fake business propositions and companies that promise many things but are just looking to make a quick buck. For those who work from home, and for those who are interested in doing business of their own, they face such problems on a daily basis. For those who are working from home, being promised fancy returns without doing anything or companies that say they will pay them to simply forward emails to hundreds of people are all frauds and of no use. Similarly, in forex trading too there are many who make false commitments and promises but do not deliver. While trading in the forex market online, the genuine online forex trading systems must be recognized to save oneself from undue losses.

Foreign exchange is the biggest financial market in the world and there are thousands of investors trading in it across the globe. For them all to be protected from scams or fraudulent middle men it is important to educate them on how to trade on their own. This way, their dependency on others would come down and they would start thinking on their feet and making decisions based on their judgment. The genuine online forex trading is aimed at facilitating people with all the information they would require and to help them get good returns on their investment dollar. There are many books and websites created for the benefit of the traders, especially the beginners. They must be taught to differentiate between genuine online forex trading and fake ones, which will put them on alert and keep them safe. They must stay wary of any site that promises miracles and overnight riches and understand that it is not really possible unless they spend time and put in some effort into it.

While trading on the Internet, the users are asked to open accounts, and most are advised on opening multiple accounts. If it were a fake system, it would say that one is sufficient and through that the investor can rake in millions in a single shot. But with the real systems, they will realize that they need to make trials and attempts before they are anywhere near earning profits. They will learn about how to go about trading and what are the details involved in completing successful trades. All this will make them smarter and give them a jump start in helping other beginners in playing it safe and watching out for all these indicators that distinguish between genuine and fakes. They will also know that day trading as the first attempt is not a wise decision and they need more experience before getting into this. It is always better to pick up some books on possible misleading information or sites so one can stay on the alert and keep a watch on their investments and earnings.

Forex news trading

Keeping track of the latest happenings and news from around the world is something most of us do first thing in the morning. The habit of reading the newspaper as soon as we wake up or turning on the television to watch the news updates is ingrained in most of us. This holds true for people across the globe and each one of us is interested in news related to their own country and of the rest of the world as well. This way they can be updated about any new technology or business that might benefit them in future. For people who are into stock markets and forex trading, they will be more interested in the global markets as the different currencies they deal with will belong to another country or even continent. And they need to understand the current standing of those currencies and this is what is called forex news trading. It is when a person relies on the news being released everyday to make decisions in trades, and uses this as basis to make future trading. With over amazing amounts of money being traded during a single working day, the forex trading market is the world's largest market and the most liquid as well. Gone are the days when there were only major banking institutions and multi-national organizations that ruled the roost here. Today there are as many individuals trading in these markets. This is probably because most of the news and updates are available to them with a click of a mouse and forex news trading has proved to be more useful than expected. If there is a news item about an oil company planning on opening a unit in Europe, this could mean that there would be higher demand for that commodity, and so the currency rates could shoot up. This will help when making decisions while choosing a currency pair, and one can go ahead place their order on a US Dollar - Europe Euro pair and be relatively assured that they will get high returns. While following forex news trading, the investors need to be conscious and aware of the factors that will affect an international market and be familiar with the different strategies they can adopt to leverage on the same. The economic news will be more in line with the business status of a country and keep the investor posted on the likely changes to occur. If there is sudden crash of a market, or if a business has gone wrong, then prices are bound to fall, and this is a good indication that the investor must pull out and place a stop order to avoid losing money. Taking inputs from the news reports, one must calculate the risk factor applicable to the trade. There are news channels that telecast the currency rates as and when they fluctuate and give the various factors that have caused the changes, be it upward or downward. Forex trading has become much easier with the advent of technology and brokers being available to make the necessary bets wherever necessary.

Forex trading signs

There are various indicators and signs that we follow everyday in our lives to keep us from getting into trouble or failing in a mission. These could be prominent or subtle hints that only a sharp eye can notice and pay heed to. If we are walking on the roads and spot a puddle of water, we steer clear from it, it could be a ditch that is open or a pothole. Either way, by walking around the puddle we can save ourselves from the possibility of getting hurt or at least from maybe getting wet. In a similar fashion, while talking about financial decisions, one needs to be aware of the signs present all around them. In forex trading, the chances of losses and heavy risk are very high, and so one must watch out for the forex trading signs that are present all over.

If a person trades on the Internet, he will normally subscribe to various services that will give them periodical updates and reports. And if he notices abnormalities in these, it is an indication that all is not well in the market that he has zeroed in on. This will prompt them to do some research into the market to find out what is likely to happen and then make a decision based on this research. Timing is the crucial factor in forex trading and so the person who wants to make an investment will think a million times before putting their money in a market and will keep watch for any tell tale signs that things could be going south. A beginner cannot expect to begin trading and instantly hit the jackpot. They are bound to face initial hitches but with experience it will get it sorted out. Also as they invest and practice, they will understand the hidden details in forex trading and start observing the market for forex trading signs to warn them of a possible dip in market rates.

When the support and resistance levels are clearly marked in the reports generated and the charts are also giving the same output, this is a clear sign that the flow is good and it is time to dive in. The forex trading signs have been indicating the market trends and upward downward movements of the currencies for ages but it is only the smart investor who will grab on to them and make use of them. If a new commodity has hit the market, the demands for it are bound to very high, and so with the high demands come an increase in the prices as well. This in turn has a direct impact on the currency rates and makes it stronger. Going by this lead, the investor needs to plunge in right away to make use of the signs and leverage from the same. If he decides to wait and watch, the momentum will be lost and the market might change leaving him with no choice but to wait some more for the market to get better. Similarly, if there is going to be a political crisis in a country, they must steer clear from that market to protect themselves from undue losses.

Forex Trading - Why You Should Invest

Forex trading is an extremely lucrative investment option where money can be made 24 hours a day via investing in foreign currencies. The forex marketplace is simpler in terms of product (currencies) you can invest in when compared to other investment options such as the stock market.

As mentioned the foreign exchange market is constantly trading- as the sun sets in one country, it rises in another. What happens to one currency, directly affects another- and the gains are not always inherently good or bad.

Banks are most commonly the source the source of currency trading, as millions of dollars are traded daily. So the question must be asked, should you get involved in forex trading? If you are already trading in the stock market, you would have a reasonable grasp of concepts you need to trade successfully

Trading on the stock market essentially involves investing money in companies and watching how they consequently perform. In foreign exchange you are basically buying and selling foreign currency, and monitoring swings and trends giving you signals when it is profitable to buy and sell. Using forex trading software is a great way to get a feel for the marketplace. You will almost always be supplied with a demo account which will allow you to be involved in the market without risking any of your own money.

Software such as forex killer allow you to create such demo account’s, but also supply users with credible trends and signals, which literally tell you when to buy and sell on the stock market. You can see the software in action via the demo option, to see if your trades are going to be profitable. Further to forex trading software, broker’s most certainly have a place in currency trading.

To be involved in the foreign exchange market as an individual you require a broker or institution to represent you.. Individuals are also called spectators, as the amount of money they invest is tiny compared to governments and institutions. Having only a small amount of money is not a reason to not invest, a forex broker can assist in determining what your best options for investing are. Specifically in the US there are strict guidelines as to who can operate as a broker. Always be wary and careful of scams- specifically on the internet.

Conclusion

The foreign exchange market is a fantastic investment option from every angle. The main reason being there are not too many options for investment on the market, simplifying the process of making profitable decisions. Further to this the use of forex trading software and broker’s can greatly assist trading, and further increase profitability.

Forex Technical Analysis - Basics You Need to Know

Forex technical analysis is the most effective and most time efficient way to make money in forex and studying forex charts can lead you to success but you need to know some basics avoid common forex myths and do it correctly and that's what this article is all about.

Let's look at some key points to consider when getting your forex trading strategy together and suing forex technical analysis.

History Repeats Itself

Human psychology is constant and forex chart patterns repeat themselves over time but you need to understand one key point - they don't do so with scientific accuracy.

There is a huge market for courses who say they can but they can't - so don't fall for this myth. Forex trading is a game of odds not certainties.

If you can learn to trade the odds, you can have more winners than losers, execute your trading system at the right time and enjoy currency trading success.

Forex charts also make studying the news irrelevant.

Many traders simply believe newswires and brokers and the arguments and opinions are convincing but that's all they are - opinions and there more often than not wrong.

Trading the Reality

While the fundamentals are important, it's very hard to judge their impact and how the participants view them. Forex technical analysis simply assumes that all fundamentals will show up quickly in price action.

The forex chartist therefore doesn't concern himself with why prices are moving - he simply trades the reality of price change and wants to make profits by locking into and holding trends when they occur.

Keep It Simple

The best forex trading systems are simple and easy to understand.

A complicated trading system is unlikely to be successful.

Why?

Because if you make it to simple there will be too many elements to break.

Be Objective

Ignore subjective tools and make your system rule based this means that you will stay objective and hold your discipline. Most people don't fail in forex trading because they have poor methods - they fail because they have poor discipline.

If you don't have the discipline to follow your system you have no system - period.

The basis of any good forex technical trading system is built on the following

1. Using support and resistance

This lines up areas that are important in terms of the market and you can look for them either to hold or break.

2. Confirmation

You cannot predict if levels will hold or break so don't try.

You need to get confirmation that they do by a clear break or an indication of a change in price direction away from the level in the opposite direction to show they hold.

For this you need to learn to use confirming leading indicators - we don't have time to go through them here, simply look up momentum oscillators in our other articles.

3. Money management

Forex Trading System - Beware of This When Choosing One!

There are a lot of forex trading systems for sale and most are junk. You can find out if a system is likely to make you money by looking at one key factor which is the subject of this article.

Let me ask a question first:

Would you take driving lessons from someone who hadn't past their test?

Of course you wouldn't!

With forex trading systems however traders buy systems that have never been traded and then wonder why they lose. If you are looking for a forex trading system online they will all give you a track record that's profitable. However the way to discard 95% or more of them is - to look for the disclaimer below or similar one - read it carefully:

"cftc rule 4.41 - hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

What this means is that a vendor can publish or make up any track record he likes knowing the closing prices and simply put this disclaimer on it. Most traders never question it - buy the system lose and then wonder why they didn't experience the same gains as the track record.

If you are looking for a forex trading system then always be cautious when you see the above disclaimer - you have to ask yourself the question:

If the vendor has not had the confidence to trade it why should you?

This is a very valid point and you need to use common sense.

In forex trading to many people are blinded by greed and see forex as an easy way to riches but of course with the rewards on offer its not that simple. You can make a lot of money but you need to get the right forex education.

The Route to Currency Trading Success

Forex trading requires you to do your homework - no one is going to make you rich only you can do that, so seek out sensible down to earth advice and learn it yourself and you can build your own forex trading system - which we will cover in our next article.

Forex Day Trading and Scalping - a Guaranteed Way to Lose Your Money Quickly

I have been involved in trading forex for 25 years and still amazes me how many people think forex day trading or scalping makes money - it doesn't its simply the dumbest way to trade and will lose you your money. Let's examine why.

Countless millions of traders trade trillions of dollars each day and it is impossible to determine what this mass of people will do within such a short time span as a day or a few hours.

Support and resistance levels are meaningless as volatility can and does move prices anywhere in a day session. If you don't believe me lets look at the proof

The first question you need to ask yourself is if forex day trading really did make money why is there no real track record of gains to show the success? There are thousands of day trading systems promising gains and none of them have a real track record - what do you get?

A lot of hype and a track record that is simulated (not traded for real) in hindsight (knowing the closing prices) Here is the normal one you will see which is a CFTC standard one:

"cftc rule 4.41 - hypothetical or simulated performance results have certain limitations. unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Put the above disclaimer on a track record and you can say anything you want and vendors do. They appeal to lazy or greedy traders and the trader buys and gets a guaranteed loss and the vendor makes a guaranteed profit from the sale.

Day trading is simply the dumbest way to trade and sensible knowledgeable people fall for it all the time - maybe the don't stop to think or simply miss the disclaimers when they buy these systems.

You can if you want to prove me wrong try and find a track record ( that's real dollars and audited) I saw one day trading system show his bank balance of evidence of his success - success in selling day trading courses NOT trading that's for sure!

So if you find one be sure to let me know I have been looking for a day trader to prove me wrong for 25 years and I Haven't found a long term track record of profits and know I never will.

So avoid day trading and pick another method that will help you gain currency trading success by trading the odds.

Learn Forex Trading - This Equation Could Make You Rich

If you want to learn forex trading, then you need to understand the equation enclosed (most traders don't) if you do and can see its significance, then you can enjoy long term currency trading success so here it is:

Fundamentals + Investor Perception = Price

Now that simple! But consider its significance and understand that most traders don't, because they base their forex trading strategies on the following forex myths:

- Following the breaking news stories is a great way to make money

- Day trading limits risk and can be rewarding.

- Forex prices can be predicted.

- Markets move to a scientific theory.

Believe any of the above and you will lose and lose quickly.

Let's take a look at the equation in more detail.

We all know the supply and demand situation affects the price but it's not the fundamentals that are important it is the way humans perceive them.

We all have the same facts to look at but we all decide what they mean in our own way, with the emotions of greed and fear controlling the bulk of traders.

Try and trade news stories and you are simply seeing a story nothing more and if traders got rich trading the news there would be a lot more traders who make money.

Day trading works of course it doesn't - the time span is to short how can you possibly predict what millions of traders will do in a few hours? - You can't.

Forex prices cant be predicted either, as that's just another word for hoping or guessing and you wont make any money doing that and this is linked to the fact there is no scientific theory of market movement. If there were, we would all know the price in advance and there would be no market.

What you really need to understand regarding the above equation is:

Forex trading is chaotic but you can win if you trade the odds.

It's a fact that traders throughout history push prices too far - this is trader psychology at work. Short term price spikes never last for long and their easy to see on a forex chart and their tradable for profit for savvy traders who can spot them.

Certain chart patterns reflect human psychology, if you can learn to spot them and trade them you can trade the odds and win.

You simply react to the reality of price change and go with the trends - no hoping or guessing just trading the reality of price.

If you use charts you can you see the fundamentals as well as the trader psychology.

All a forex chartist does is assume that all fundamentals are immediately reflected in price action and in today's world of instant communications that's truer than ever before - but forex charts give you something more.

You get to see how the participants perceive the fundamentals and its humans that determine the price.

If you have read this article and understood it you will see the common myths that most traders fall for and lose and a better way to win.

Think about the above equation and what we have said here and you will have a valuable piece of forex education which can set you on the road to learning forex trading the right way and help you enjoy long term currency trading success.

Forex Trading, Fast and Exciting

Imagine waking up in the morning turning on your computer and spotting a good trading opportunity. You decide to enter the trade, and then go for your morning coffee. By the time you get back to your computer 15 minutes later you have made $1500.00 dollars. This is just a sample of what trading on the Forex is like. It’s nothing to work part time and be able to earn more then you presently earn working full time.

You will be hard pressed to find a job with this much excitement too. You have the potential to make $300.00 to $3000.00 inside of 10 minutes. You can do this from the comfort of your home, and don’t need a large investment to get started. You can start with just $300.00. Once you’ve entered the world of Foreign exchange trading you’ll be hooked.

This market is not for the weak at heart though. If you don’t have nerves of steel, then you should stop reading and find a more conservative means to earn money. But if you’re the type who loves adventure, can make quick decisions, and you know how to win, then trading the Forex is for you.

Initially at first glance the charts look the same as any stock chart, but you’ll quickly notice the momentum, and the volatility creating trading opportunities every minute. Trading the Forex has potential for higher earnings percentages than any other investment. This is because you are leveraging money. Leveraging ratios as high as 200:1 are available from some brokers. You won’t find that kind of ratio in the stock market, or real estate. The brokers don’t charge a commission although their making money on what is commonly referred to as the spread. This is the price difference between what you buy the currency pair for and what you can sell it back for. The spread is depicted in PIP’s, (Price Index Points). For every pip the currency pair moves you can make ten dollars trading one lot with a regular account. It’s not unusual for a currency pair to swing 30-50 pips in a very short period. A 50 pip swing with 1 regular lot traded yields $500.00.

Don’t be fooled, this is not a way to get rich without doing research. You need training, and an understanding of the Forex market. There are a great number of people claiming to be experts selling their systems and seminars. Do your due diligence; there is no replacement for good training. Don’t be fooled into believing that you have to spend a lot of money to receive the necessary tools and knowledge to succeed as a Forex trader. In fact some of the lower cost courses have more to offer than the $3000.00 software. There are even free charting packages available along with demo accounts so you can practice without risking real money. Take time to research the Foreign Exchange Currency Market.

Discover more about this fast paced style of trading at Trade 4x For Profit You can get a free report telling all about the Foreign Exchange Market and what it takes to trade there.