A Look Back At Forex Trading - 4/28/06

A Look Back At Forex Trading - 4/28/06
Once again following our rules saved us from taking an ugly loss. I hope most of you headed our warnings and got out of any position prior to the 10:00 AM news. Mr. Bernanke will testify before the Joint Economic Committee of Congress on the U.S. economic outlook, in Washington, and Cable went wild.Hey that might be a great name for a new web site, "Cable gone wild" a ... never mind. So anyway it's safe to say we have broken out of the range we were stuck in all week. When a significant resistance or support level is broken it is usually done with a big move and today was no exception.Last night we set our entries at 1.7900, we cancelled our trades at 9:00, we were still 40 pips away from getting in and the news move was setting up to be huge. We made no money today but that's all right, because we lost no money today either.Given the massive moves in cable there were many traders who lost and we were not one of them. Our favorite rule is, it's more important not to lose money than it is to make money. Our aggressive money management and compounding system allow us the luxury of saying that, and meaning it.Tonight we are trading around 1.8008. We will be looking to go long for the first time in a while, all of the indicator support further increase.There will be a region of resistance starting at 1.8113 going to 1.8136. We will look towards a support level below 1.8000 for our entry. We must also keep a watchful eye on the news, the GDP is due out at 8:30 AM EST, and consumer sentiment at 9:45 AM EST.Remember to play it safe, its better to have a safe entry and not get into your trade than to have an over aggressive entry and get sopped out of your trade for a loss. And it has never been more important than now to watch the news, remember the best way to deal with news is to get out of it's way.Remember, the best thing you can do for yourself is get a top notch forex trading education. There are several places to find a forex trading course or forex seminar.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Take the time to learn how to develop your own trading style. Remember a forex trading education, forex trading course, or forex seminar is worth its' weight in gold.

A Look Back At Forex Trading - 4/27/06

A Look Back At Forex Trading - 4/27/06
Cable continues trading in a tight range from1.7935 to 1.7800. We will continue to play these levels for support and resistance, until on of them is broken with a strong move. With the current situation, and the knee jerk reactions we are seeing, you should stay out of the way when news is being released.Tomorrow Mr. Bernanke will testify before the Joint Economic Committee of Congress on the U.S. economic outlook, in Washington. The fundamental traders are reacting drastically to minor news, so, when the fed chairman testifies which usually produces significant volatility, we could see huge moves.Last night we set our entries at 1.7900, we closed our first trade for 40 pips and our second for 60 pips. Some of our traders also took a long position at 1.7800, and they closed their first trade for 60 pips and their second for 100 pips.I personally only trade with the trend I one direction, but this is a viable, and not to mention a very profitable position. The greatest asset we have in our trading system, is that we encourage our traders to become independent traders with their own personal style and rules.Tonight we are trading around 1.7856, which is a little lower than we were last night. We will be watching the resistance level around 1.7935 closely to see if it holds once again.If it does play the range down to the support around 1,7800.Remember to play it safe, its better to have a safe entry and not get into your trade than to have an over aggressive entry and get sopped out of your trade for a loss. And it has never been more important than now to watch the news, remember the best way to deal with news is to get out of it's way.To learn more about how we teach traders to successfully trade the forex market, it is imperative to get a quality currency trading education. The foreign exchange is a great tool to trade, but you must be prepared. Either through a Forex Trading Course, or Forex Seminar.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with a Forex Trading Education.

A Look Back At Forex Trading - 4/25/06

A Look Back At Forex Trading - 4/25/06
When I look at the charts tonight I think of my favorite Led Zeppelin song, The Song Remains the Same. Cable will once again be testing the resistance around 1.7935.If this sounds familiar it should, we have been tell you about this since last Thursday.While we believe it will hold only time will tell for sure, we must be very vigilant in watching in the New York session, especially with the release of the consumer confidence report at 10:00 AM.The fundamentals are all over the place, due to fears of the recent and dramatic increase in gasoline prices. What does this mean to us? We need to watch and take action dependant on the situation at the time of the news release.On Monday 1.7800 held as support a little above where we were looking as we were watching 1.7750 again. We were still able to close both of our trades, the first for 60 pips and the second for 80 pips of profit.The previously mentioned cluster of resistance around 1.7935 has several good supporting reasons behind it, with the main player being a 61.8% Fibonacci retracements of the 1.8498 to 1.7048 move, and the previous highs of 1.7934 and 1.7933.We will watch closely to see in the rise continues, and if it does we are looking towards the 1.8498 previous high. If this current resistance at 1.7935 holds and we see a reversal, we will look towards the support cluster at 1.7680Tonight we are trading around 1.7864. We will be watching the resistance level around 1.7935 closely for another reversal. This should be a great area to be looking for a sell. Remember to play it safe, its better to have a safe entry and not get into your trade than to have an over aggressive entry and get sopped out of your trade for a loss.To learn more about how we teach traders to successfully trade the forex market be sure to attain a top notch Forex Trading Education. Whether it be a forex trading course or forex seminar, you must prepare yourself for your trading career..We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful forex trading style with a forex trading course or forex seminar.

A Look Back At Forex Trading - 4/19/06

A Look Back At Forex Trading - 4/19/06
Cable continued its climb today with solid movement. Last nights trading gives me an opportunity to discuss another key factor in our strategy. When we got up this morning we had already closed our smaller trade for 40 pips and had a mild pullback, we closed our second bigger trade at 1.7720 for only 35 pips at 8:00AM.Had we stayed in our trade we would have closed it for 85 Pips @ 1.7770. This looks like we lost out on 50 pips, but you can't lose what you never had. We have strict rules about certain news, and those rules told us we had to close our trades before the release of the PPI and housing starts at 8:30 AM.The reason we have this rule is simple, in our years of trading experience we have seen 35 pip positive trade become a 40 negative stop loss in mere minutes. After witnessing this again and again, we decided it was much better to take the sure 35 pips off the table and bank them, and not risk them with the unpredictable move of a significant piece of.Last night netted us 70 pips, not too bad, and with Cable heading into a more trending market, we are poised to make more.Tonight we are trading around 1.7810. We are again looking for a buy. There is some support around the big number 1.7800, and even more around 1.7870. The first resistance is going to be around 1.7900. All indicators appear to be signaling that cable will continue up and test the resistance at 1.7909.The most important thing you can do is get educated. Learn about investing and all the aspects involved. Don't trust your finances to anyone else no matter how lofty their promises.Be confident in yourself and your abilities and I think you'll be pleasantly surprised with the results that you will see.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with a Forex trading education consisting of a Forex Trading Course or Forex Seminar.

A Look Back At Forex Trading - 4/18/06

A Look Back At Forex Trading - 4/18/06
Cable final broke through the super resistance at 1.7600 yesterday. Even though we had a losing trade last night, I have to say I am glad to see that tight range behind us. Maybe now we will see a few prolonged and definable trends.If this is the case it will make it much easier to make a good profitable trade. On the other hand Cable could just as easily slide right back into a consolidation sideway market. Only time will tell.We we lick our wound from last night and bid farewell to the 1.7600 resistance level. It served us well over the past few months holding on at least a half a dozen occasions. Lets take a look at last night and see what it took to break that resistance. Was it a 20, 40 or 60 pip move, no way? It took a lot more than that to break through, it was a 150 pip move that did the job. Only a move of this magnitude would have the momentum to break and hold above the established resistance.Last weeks trades were not bad, but last night was not so much. We now have a possible trending market to play for the first time since the first of February.Tonight we are trading around 1.7710. We are looking for a buy for the first time in months, and some of our traders are going to play both a buy and a sell at opposite end of the expected range.There is some support around 1.7706, and even more around 1.7680. The first resistance is going to be around 1.7750. We do like to caution traders on making too aggressive of an entry, the 1 hour MACD is still on the sell side of the signal line, although there appears to be some divergence on this chart recently. To learn more about how we teach traders to successfully trade the forex market, be sure to get yourself a top quality forex trading education. One that includes either a forex seminar or a forex trading course.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course.or Forex Seminar

Trading In Black And White Forex Trading Newsletter - 4/17/06

Trading In Black And White Forex Trading Newsletter - 4/17/06
Cable continues it's range trading, as we approach what should be the ceiling, and if the pattern holds, we should start yet another march down towards 1.7230. Keeping in mind that the last trip down stalled and reversed at around 1.7375.This range has been in place for months, and until we break 1.7650 on the high side or 1.7200 on the low side, cable will continue to bounce in the range.On Wednesday night our trade was excellent and yet we did not make our entry price, thus we did not make our trade. You might ask why we feel our trade was excellent, well here is why.We resisted the temptation to make an aggressive trade and increase our risk of being stopped out. There were several reasons we could have used to try to justify a more aggressive trade, but in our system we teach our trader to stay with the safer trades, it's much more important not to lose profit than it is to gain additional profit.Our money management and compounding are optimal when utilizing this technique.Tonight we are trading around 1.7570. We have the super resistance level around 1.7600, that has held earlier in the night. Now is the perfect time to interject another important part of our trading strategies.If you have missed your optimum entry point because you weren't watching the market DO NOT fall to the temptation of making a bad entry point just because the market has come down off your resistance level.Set your entry and if the market does not get back to it then so be it, as we have said many many times already, not making a trade is a valid position.On the support side, we are looking at a range from 1.7480 to 1.7500. To learn more about how we teach traders to successfully trade the forex market it is important to take the time and learn about a forex trading course or other form of forex trading education.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with an Elite Forex Trading Course or Forex Seminar.

A Look Back At Forex Trading - 4/13/06

A Look Back At Forex Trading - 4/13/06
Hollywood made a movie about this market last year. It was about a couple of friends going to the Napa Valley for a wine tasting tour. " Sideways". Consolidation continues with trading in the established range.This has been a brutally tough market to make money in, but with patience and preparation, there are many winning trades to be had.Last night our entry was perfect, with the trade only going against us for a total of three pips at its worse. Then we closed our first trade for 50 pips, and our second trade for 90 pips. Not a bad night of trading.Tonight we are trading around 1.7510. We do not expect any drastic moves up or down with the holiday fast approaching. With that said there is some minor news being released tomorrow, which includes retail sales, Business inventories and import/export prices.There is a minor region of resistance starting at 1.7530 and going up to 1.7575, quickly followed by the super resistance at 1.7600.On the support side, we are looking at a range from 1.7480 to 1.7500. There have been very few definable significant trends to ride.It is all the more important to adhere to your risk vs. reward and money management rules, and most important you personal trading rules. The importance of a quality forex trading course and good forex trading education is magnified in this type of market.No market stays the same forever, but when you get the opportunity to almost predict what's coming...jump on it. This sideways market has been a great opportunity for all of the beginners to learn the skill of patience.No trader can be successful with the four major attributes. Confidence, aggressiveness, discipline, and patience. In the last few weeks, it has been so important to wait for the good support and resistance levels instead of jumping in ahead of them, and ultimately taking a loss.Now, don't get me wrong, sideways markets can be very difficult to make significant money in, but that does not mean that there isn't money to be made. In fact, it is very common to be almost 85% accurate in this type of market due to the very predictable top and bottom of the range.That being said, you might only be able to make 2 or 3 trades per week, which is more than enough if that's all that is available.

A Look Back At Forex Trading - 4/11/2006

A Look Back At Forex Trading - 4/11/2006
It's nights like last night that make all the analysis worthwhile. Although, trading should be completely unemotional, I am sure that we all feel that little boost of confidence when we nail a trade perfectly.Both our entry and exit were within 10 pips of the high and the low respectively. Feel free to surf the entire web and see how many traders can boast that type of success.Certainly, there won't be many. As I mention below, most managed funds (you know, the ones that the pros handle) have been losing at a remarkable pace over the last month or so.OK, so now to the trading.We had another great trading night last night. Based on the resistance and support levels we discussed last night we entered our trades @ 1.7460, and we were able to close the trades for 120 pips @ 1.7420 and 1.7380.Utilizing the proper money management and cushioning technique taught in the trading in Black and White trading course to we were able to pick a safe yet successful entry point, and a safe stop loss.Then looking at support levels we chose perfect profit targets, exiting our large trade just two pips above the daily low. It is very hard to get better than that.This has been an active region for trading the last couple of months as Cable continues to trade in the tight range from 1.7230 up to 1.7600 and back down again.Tonight we are trading around 1.7425, just 15 pips below yesterdays close. We will once again look to the resistance range with around the 1.7470 level. This range goes all the way to 1.7500. As far as support for our potential profit target we will be following what happens to price action around the 1.7380 range again tonight. While most of the managed funds and signal services have been getting crushed over the past few weeks, we are starting off yet another winning week.If you want to start experiencing winning weeks like the ones or traders have been having, take a look at our forex trading course.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course.

A Look Back At Forex Trading - 4/10/06

A Look Back At Forex Trading - 4/10/06
Well, another week of chart watching is coming up. I look forward to nailing these support and resistance levels again.As I will discuss later, it is important not to be lulled into a state of laziness due to the fact that we are near the same price levels again.Every night presents new support and resistance indicators. It is important that you take the time to reevaluate your support and resistance levels on a nightly basis.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course.Just keep that in mind for your future trading.OK, so now to the analysis.Cable continues to trade in the tight range from 1.7230 up to 1.7600 and back down again. On Thursday night we did not get any bounce up from the open at 1.7523 to get into a trade in a favorable position, so our position was not to take a trade.Remember not taking a trade is a valid and often very financially sound position. We expect cable to continue in a slow downward track, to around 1.7250, where for the past several times it has had a very strong rebound back to the 1.7600 level.Tonight we are hovering around 1.7440. There is a resistance range with many solid levels, including several Fibonacci lines and previous swing highs around the 1.7470 level.This range goes all the way to 1.7500. This is where will find entry and stop loss points. As far as support for our potential profit target we will be following what happens to price action around the 1.7380 range.If this looks familiar it should, this is the third time in as many weeks that we have been looking at these exact same levels. The one thing we have discussed with most of our traders, is that you must not let the familiarity of the levels allow you to get lazy and not do your homework finding your levels, and if you think you could be a little better at finding your entry, stop and profit target levels, but you are not sure how. Remember, it is important that you help yourself by getting a top notched Forex trading education.

Being a Calculated Risk Speculator or Just a Gambler

Being a Calculated Risk Speculator or Just a Gambler
He or she, who is known to gamble on horses, or dogs, or other sporting events etc., is often branded a persona non grata in certain circles.However, if a person speculates on buying and selling securities, foreign currency, or property, their classification would point to a persona grata.Both cases are of course a form of gambling dressed in different clothing. In both cases, there is a possibility of risk loss or the possibility of bigger gain. The need to arrive at an opinion without having positive evidence to back it up is equally there. So is the problem that complete facts are hardly ever disclosed, to enable the finding of a certainty.In spite of these hurdles, in the case of property and foreign currency buying or selling, the chances of getting it right are better as opposed to finding the outcome of a horse or a dog race, or a football game. Getting involved is also less of a worry, because even if you get it wrong, you still have that house or that other currency you bought. The result is over only when you say, since these investments can eventually regain value, and actually show a profit. Backing losers in racing and other forms of gambling can mean that for the serious or occasional gambler, the money is dead and buried.Of course, some gamblers attach a lot of importance to the thrill effect of their bets. There is no doubt that betting on sport events, cards, or many casino games can be thrilling, but so is the constant movement of the value of currencies. That wheel goes round and round nonstop, but you can get on and off whenever you like. There are many foreign currency exchange companies ready to let you operate, offering very good rates.Never think of a bookmaker as an enemy whom you have to beat, your selection may be the one he also wants to win. Also, remember your foreign currency exchange office as a friend that makes it possible for you to play at good currency rates. You are putting your wits against a market that has no financial interest in your winnings or losses.A realtor has equally no interest to see you lose any money. On the contrary, he likes you to be happy with the purchase of your property. Even if the prices should go against you, he knows that in due course things will change.A speculator in the foreign currency game increases the chances of success by keeping in touch with as much relevant data as possible, which means that there is never a dull moment. The same applies to a property speculator. By having to constantly study the market and world affairs, the person becomes necessarily rather well read and interesting to talk to. Amongst other things, that gambler is a persona grata.These days, more and more gamblers turn to the forex game. It keeps them amused as well as thrilled. Instead of a horse or a tennis star etc., they are the actual performer. There is little doubt that the well prepared person has the chance to prevail.The currency market is not a geared slot machine. It has inexhaustible money to hand out if you get things right, and does not care if you keep winning, should you be clever enough.Who knows, you might be champion material.

How To Profit With Forex Online Currency Trading

How To Profit With Forex Online Currency Trading
Lets first get to the introduction of forex. FOREX is an international online currency exchange that was established in 1971. It is now the premier foreign currency exchange market in the world, with an average daily trading volume reaching as high as one and a half trillion. Three types of traders make use of FOREX-banks, individuals, and corporations. When they have needed to exchange currency online, FOREX Online Currency Trading is the number one place to do it.Mostly people think that why should they do online currency trading with FOREX? The answer is that there are two basic reasons to do your online currency trading with FOREX. First and foremost, FOREX online currency trading is done to make a profit. Depending on the market, a bank, corporation, or individual can make a windfall profit through FOREX online currency trading. Another reason to do currency trading is to get into a secured position by eliminating trading risks arising from foreign exchange rate movement. In other words, FOREX online currency trading can help a bank, corporation, or individual to weather changes in foreign exchange rates by already having the foreign currency they need on hand.FOREX is unique in terms of trading exchanges. Rather than the typical exchange like Wall Street or the Tokyo Exchange, FOREX is an entirely digital foreign currency exchange system. The rate of foreign exchange changes so quickly those traders must be able to react to market shifts within seconds. Online FOREX currency trading makes this possible by eliminating the classic stock broker. Rather than trading telephone calls and trying to catch a great deal by shouting and waving papers, FOREX trading is accomplished with a touch of a button on the computer.The ease of online FOREX currency trading appeals to many, both businesses and individuals alike. All the information one needs to get started with FOREX trading is available online. FOREX exchange rates are continually updated on many websites. It is simple to buy one currency when it is low and sell it when it is high. However, what goes up can also come down, and new traders on the FOREX online markets must be prepared for losses. Still, despite the risks, more and more people are participating in online FOREX trading every day.Keeping updated with the world market is the best way to prevent losses with currency trading. Learning which countries are experiencing economic growth or recession is essential to make the best currency trading decisions. It is always good to invest in currency from nations who are experiencing growth. Likewise, avoiding countries that are historically unstable or are experiencing war or international economic sanctions is only wise. FOREX online currency trading is not for everyone, but with some knowledge and skill, it can be very lucrative.

Forex Online Trading Systems - The Engine of Trading

Forex Online Trading Systems - The Engine of Trading
Lets imagine that you have a car but without engine, its obvious that unless you had some magical powers to whisk you away where ever you wanted you could not be going very far any time soon. The engine is the heart of the car. The engine in forex markets represents the mass amounts of forex online trading systems created every day.As a guide, Forex online trading systems make their mark behind your trading. Rules, ideas, philosophies all fall into either your own personal forex online trading system or someone else's system. Since the Internet is the home base to most forex transactions. Many developments of online trading systems have become a common practice with most forex traders. All people are out to find what they call the 'Holy Grail', a system that leads them to the most profits and least risk. If you believe there is such thing, that is on you.Forex online trading systems are always readily available on the Internet. Most of them you can find for free on others web pages, forums, or with a basic search in the search engines. Others may charge you for there system since they believe that is a very profitable set of rules that could make you beyond wealthy from the forex market.It is a common perception that to be able to truly become wealthy through trading the forex, one needs to have a proven forex online trading system. That's why so many forex traders spend more of their time testing new forex online trading systems than actually trading the markets. It is the brain behind your investment and once you build that brain with your knowledge and techniques, it does the rest of the work for you.Forex online trading system is more popular now that mostly everyone has access to a computer and internet. Unlike the stock exchange, the Forex does not have a particular place for trading to take place. While trading takes place all over the world, online Forex trading makes this process more convenient than ever.Transactions in the Forex are traded very rapidly. The Forex is open around the clock on every business day of the year. Trading begins every morning in Sydney, Australia and as the business day in each country begins, the Forex online trading opens around the world. Online Forex trading allows banks, financial institutions, brokers and speculators to trade their currency rapidly and with ease. Forex onlinetrading system is also a popular way to change foreign currency because it happens in real time with no delay.Also, another tip to learning online Forex trading system is to study the news, including international news and news relating to politics, economics and finances. Inflation, changes in government and taxes just to name a few all affect the Forex on a daily basis. It is crucial to understand how these changes affect trading and the value of currency.Because online Forex trading system makes exchanging foreign currency so easy and accessible to millions of people, many are trying to learn the ins and outs of the Forex. Brokers and financial institutions can offer advice on investing in the Forex. Brokers will also do the actual trading for the consumer. However, many are willing to learn to trade on the Forex on their own. When learning about online Forex trading it is imperative to understand everything there is to know about the Forex. Many online websites can offer potential traders tutorials and demos on how to get started in online Forex trading. Practicing on the demos helps speculators learn the basics of online Forex trading.

A Look Back At Forex Trading - 4/7/06

A Look Back At Forex Trading - 4/7/06
We will once again look to the super resistance level @ 1.7600, to protect our trades. We took an aggressive look last night, on split sentiment amongst ourselves, and as usual the less aggressive or more conservative traders won the day.They won the day big, some of them captured 120 pips last night, while the more aggressive traders mostly took a 30 to 60 pip loss. Over the past six months, when we have a split sentiment, as we did last night the conservative traders have been right by a little more than a two to one ratio.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.What can we learn from this? The first thing is safer is better, in our program we preach to do what ever it takes to limit your losing days. It is more important to not lose pips than it is to gain pips. This is mainly due to our extensive compounding system.Tonight we are trading around 1.7520, we have some minor resistance around 1.7550, but as out aggressive traders learned last night, it did not mean much, the second region of resistance goes fro 1.7575 to 1.7600, this is where will find entry and stop loss points.As far as support for our potential profit target we will be following what happens to price action around the 1.7480 range. We must not forget that Friday will be a news intensive day.The non-farm employment reports come out at 8:30, meaning you should be at your computer at 8:00 to watch what happens. Depending on your position you may need to manipulate your stops and or profit targets, or close your position. It all depends on where you are at that time.To learn more about how to properly negotiate a news release or any of the other topics we discussed tonight you must take the steps necessary to attain a top notched Forex Trading Education.Education is your best opportunity to attain success. You have no reason to get at this alone. Let some of the professionals help you.

Euro Key Level Economic News Release Trading Strategy

Euro Key Level Economic News Release Trading Strategy
Forex traders know the importance of economic news releases and how that effects the exchange rate. A positive or negative news announcement in the US morning session can send the EUR/USD rate up or down extremely fast! One way to capture these large moves is to use ENTRY STOP ORDERS.Entry stop orders are an excellent way to get into a trade long or short AUTOMATICALLY. Often if the market is moving extremely fast (due to an economic news release or geopolitical event) and you want to get into a trade, itis extremely difficult to get the price you click (live market order) because the exchange rate is moving up or down so fast. It is like trying to jump on a train that is moving at full speed.An entry stop buy or sell order places an order with the dealing desk of your Forex clearing house to execute your order when the exchange rate touches the level you set the order at. The CMS VT platform guarantees that these types of orders will be filled.The following link outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of A-D. A denotes very important down to D with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast.Click Here for the Yahoo Finance Economic Calendar:http://biz.yahoo.com/c/e.html1. Check the economic Calendar2. Set your entry stop buy or sell at a key level 15-30 minutes before the announcement is released. Set your stop and limit on your order by right clicking the order when it appears on your VT platform.3. You can also "straddle" the price movement by placing a long and short entry stop or sell order (and subsequent stops) if you aren't sure which direction the news release will send the price.The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team.This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System. The Euro Fractal Trading System also teaches how to use key price levels to take entry and exit positions, thus taking the guesswork out of trading.

Forex Currency Trading System - A Basic Guide

Forex Currency Trading System - A Basic Guide
If you are about to start doing it yourself and get into foreign exchange, make sure you have the right system to succeed.Making money is fairly easy if you get the timing right. The right currency trading system helps you get the right timing. By definition, a trading system is well known for its use to invest money so you can make more money. The Forex exchange to be precise is all about investing money for a different currency, to make money and profits.Forex is dependent only on the success of the stock markets.Using a Forex trading system can give you many advantages1) in which you could invest in your own currency rates,2) your money can be changed to another currency, and3) can invest with a foreign company right from your own country.So that you know, a currency Forex system was initiated by world-renowned investors, multinational corporations, and worldwide currencies.Currency exchange Forex online system may have the same results as in a currency offline Forex trading system. However in a trading system online, access is definitely faster and you can see trade changes faster than offline systems. Also, in an online system, you could invest, trade, move investments and withdraw money faster. In addition, systems currency swap Forex can build wealth to potential investors willing to learn about their investments and whom to trust as their brokers to have other decisions.However, making up your mind on the kind of Forex system to trust can be a decisive factor for your company. Typically in the treatment of any type of investment, whatever you want to meet other traders have met at another time. Thus, when the currency Forex trading system agent cant be contacted in person, by telephone, e-mail or fax, it is possible that you are working with a false company. A society that currently uses Forex trading systems currencies and offers many opportunities for global investments should contact you at different times ofthe trade.Also, having to invest and work with a currency system Forex company that puts your money first and listens to whatever you need is a good thing. However, if they call you with suggestions opposing your decisions at regular intervals, it can get irritating. So it is advised to avoid doing business with such a currency system Forex business. Always remember that to cope with any type of investment, you should understand that you need time to learn the ropes before you get in.Sometimes, a currency trading system Forex agency will call and ask you for money, because it could help you get involved in the scene, and here you have to be careful. Any good agent will give you time to make decisions without pressure. So look for one you are comfortable with investing.Lastly, when you are sure you have a good agent, you will be able to work relaxed and feel your money is secure.

Forex Currency Trading - Understanding The Advantages And Disadvantages Of Forex Currency Trading

Forex Currency Trading - Understanding The Advantages And Disadvantages Of Forex Currency Trading
Money trading is a trade of currencies from various countries. Currency trading may seem very complex and risky. But, we must understand that the medium of exchange is a very simple system and can be performed by anyone.First, you should understand that bargaining chip (also known as Forex) is having most money in the world's market. This currency trading generates an exchange of more than one billion dollars in one day.Forex is not centralized but it is spread world wide. It deals with various currencies from different parts of the world. Unlike the stock market, forex currency trading is mostly contained on one trading platform.Forex currency trading works around the clock, seven days a week, And does not stop and people can any time trade currencies. That's one reason for Forex trading to have more liquid and thus the largest financial market in the whole world.The cost of a currency depends on how stable the government is. you must have noticed, that any country that does not have stable government , they will have a low value currency. Therefore, if you want to trade currency of a particular country then that country should have a stable government.You can make more profits only when you buy currencies at low cost and then sell them when the value is high in the market. In another word to explain this is to buy the currency cheap and sell when it becomes expensive.In trading of currencies one should know when to buy the currency and when they can sell it in the market.This trading for currency can provide the opportunity to make more and larger and become rich. the traders in the forex currency trade can utilize the leverage of 100:1. That means that every dollar leveraged in the trading market, you get to borrow one hundred dollars .That means you can have more purchasing power in the currency trading Forex market.Forex is fast and highly volatile. In a short period, with only a small investment, you can get bigger returns in a short time.One more great advantage of currency trading is that it is not based upon the commission. So you get to keep the whole benefit for your investments.The small investors in the forex currency trading market makes a significant amount of revenue and live a comfortable livelihood.The only drawback is that the Forex because of the larger leverage , it can become very risky and you may lose in a trade. To minimize this risk, you have to plan an effective financial management..Remember that while you invest in a currency, you are indirectly investing in the government of that country. That is why it is very important , that the government is stable so that the currency you have bought will go for the best price.

Online Forex - The Unlimited Possibilities Of Online Forex

Online Forex - The Unlimited Possibilities Of Online Forex
There are more than fifty currencies in use in our world, with four being the most commonly traded. People use them, in the form of cash bills, coins, checks, credit cards, bank cards, and other similar services, for different operations as they go about their daily lives.With the introduction of online trading forex, you can now buy and sell money for free online through exchange brokers. Anyone inclusing part timers can benefit from foreign exchange market, which is open round the clock every day of the week.Money has evolved through many different stages in the past. From the first silver traded as to the first uses of paper invoices and receipts, the journey of exchange modes has been a long one.Since the arrival of an era of globalization, the major advances in technology helped bridge the gaps between one country and another. Globalization has changes almost every aspect of our lives..In years gone by, when you had to exchange money you needed to be face to face with the other trader. But thanks to technology today, even the presence of currency notes is no longer necessary to make a trade. And that is exactly how the foreign exchange markets of today waor using the internet.As mentioned earlier, the foreign exchange market is open round the clock and seven days a week, so it is also known as the twenty four hour Interbank market. It was initiated in seventies and, with its continued growth, it is regarded as a perfect market and the largest financial market in the world.Foreign exchange online trading is a game of numbers, with players comprising banks, financers, speculators and investors), And like any other game, the person who is over greedy and focuses solely on possible outcomes is likely to suffer the greatest loss.Play the Game wellYou could choose from a vast number of currency pairs to trade with. To get a solid start, play with those that are already doing good at the start, just to be sure.During the observing stages, don't forget to keep an eye on the value of the currency opposite to what you are trading with. Never forget that when one of the currencies is rising,it also means that the other is, in comparison falling. Be vigilant to price changes. The graphs and charts can provide good information for these.However, since the Forex market is open round the clock, pinpoint the best time to buy or to sell a currency. Buy at a low price and sell on top. No doubt you will lose out at times, but thats a part of any game isn't it?The key to success is to practice well, you need to be able to tell when you are on the right track and when you need to walk away. Different sources of the media like economic news papers, television programs and web sites are what can help you fine tune this skill.The foreign exchange markets do not guarantee your riches. It is something that needs determination and planning, as do all trades.

Forex Trading - The Basics Of Forex Trading You Should Know

Forex Trading - The Basics Of Forex Trading You Should Know
On a global level, one of the biggest exchanges of currencies is Forex Trading. If principles are applied appropriately, and you know exactly how to go about it, it can make a person rich in a short span of time. This trade began in the early period of the twentieth century and has evolved into the world's greatest money minting market and a highlight is that it can be done through the net.As mentioned before, investments can generate great profits when done right. With online currency trading methods adding to the ease of this trade, brokers have become extremely rich and successful in life without having left the comfort of their respective houses.Over a hundred countries of today's world are involved with global trading. Online access obviously is round the clock and the Forex market has the largest in demand customer service. It is said to be the world's largest market which involves trading and transactions, and averages $1.5 trillion in a day.As physical exchange of currency etc is not required in this process, Forex Trading is a preferred trading medium, the world over. There are two ways of performing this; online and over the telephone.Software namely DealBrook FX2 has been devised for access to online trading for forex trading. As a result of this , brokers around the world have access to over sixty currency match and other systematic services from acclaimed experts. As it is online, instant news bulletins on breakthrough forex charts are made feasible using this software. As this programs is user friendly, it has been made possible for both novice users and experts to access Global Forex Trading.Online websites provide a vast range of services for users are different levels of proficiency. Training and educational programs are included for beginners. Steps on how to go about it for the first time are also provided. Intermediate users are provided with information on how to grow profits and also a systematic analysis for forex trading has been provided.Extended investment tracking has been provided for professional and expert users. The also have access to further advanced information. Thus it can be said that because of a variety of services offered, online forex trading has become well regarded in the market. The improvements it offers to all business organizations and associates in turn make it quite an asset to any institution.Taking into consideration, the fact that forex trading market is accessible at anytime of the day, several strategic inputs are required in this specific environment. Strategies are imperative as the percentage of profit or loss you make would be highly dependant on the strategies applied by you. Any person around the world who wants to get involved with Forex Trading must have some sort of strategy in order to ensure profit. Exhaustive analysis must be made before the decision making process to avoid any sort of loss.A premier advantage of global forex trading is that apart from the fact that it includes sixty currencies; it is also commission free and available on a global scale. As restrictions are minimal, it can be enjoyed to the maximum even if the market is going downhill. As mentioned, it is dependant on strategy of making hay while the sun shines.Forex trading is not just for big time investors but also for SMEs (Small and Medium Enterprises) and other small firms. This apart, individuals can for groups and take part in this type of forex trading to enrich their respective portfolios and earn large sums of money as well. And sort of transactions ranging form really small ones to the largest ones can be make possible with forex trading and this scheme allows anyone and everyone to profit.Global online trading is one of the easiest means of getting rich in a short span of time. With a combination of good decision making skills and sound strategy, you will feel very much at home with Global Forex Trading.

Forex Trading - 4 Important Guidelines For A Forex Trading Beginner!

Forex Trading - 4 Important Guidelines For A Forex Trading Beginner!
Luck is defined as our tendency to be happy or unhappy about persistent questions specified in some combination of circumstances. People often bank on good luck if they are not prepared on aspects of life where they should have beenSome say that the day trade on forex is a game only of chance where only luck can help you win. At the same time, others say that being prepared will help to avoid becoming too dependent on luck.1. Being educated - Education is something that can not be withdrawn to you. This is a key personal attribute and important in your life. Therefore, if you wish to see success in the day trade forex industry, do spend time studying the market changes and its components.There many ways to educate oneself regarding currencies day. You can also register for a seminar or a workshop. You could also see video tutorials, web sites on the topic, and talk to experienced stock brokers.2. Learn to use the right software - You need to stay informed of the importance of tools that enable forex trading. An such tool is software. Two kinds of software are used in this industry namely (1), internet-based software, and (2) client based software.When you select the right tool it always makes the job easier.You can then focus on strategies that may work for you.3. Have a plan - Planning ahead makes things better if not perfect. When you have a plan you know which direction you are going, and not just with the wind.Trading sometimes is a gamble, but with each bet lurks a strategy for you to win. Therefore, you need to plan. You must set guidelines and plan ahead for for:a.Make your own business objectives modeled forex main objectives.b.Settle on a sum of money which you will need as capital.c.Establish your expected benefit from the trend - profits on the market.d. Decide on measures to be taken when things aren't going welle.Have different strategies for different situations, as the market can change face quickly.4. Being controlledUse your plan to incorporate discipline within you. Some people lose attention when they begin to make money. Others scrap their plans if they start to lose. Never let the emotion be a master of the mind, and stick to your guns even when things are not going too well. If the plan is right it will finally work.When you fail, do reassess your plan but do not lose hope.Many will tell you that the markets are all about luck, but it is not so all the time. A good plan can work wonders for your trade.

Online Forex Trading - Is Online Forex Trading For You?

Online Forex Trading - Is Online Forex Trading For You?
In today's web technology world trading currency have taken a big step online. And one of the best is the online forex trading. Forex trading online is the biggest market on net and they also employ their services round the clock. Traders who invest with this company will make as much as half of the profits. These online forex traders are very promising and also trustworthy traders.Most of the companies work online today. Any person who wants to trade with forex has to open a new account with their website. This type of facility is best for those huge investors and most frequent traders.There always some thing for everyone here.This online trading currency company also provides good transaction online facilities.The good thing about them is there is no broker involved. And if you have a personal system and net connected then you can do the trade as well as money transactions all from the convenience of your home.The internet forex currency traders provide the information about various other currency rates this information online helps the traders to exchange the money when ever they want according to the market changes.You have wide choice when it comes to trading online , as they are fifteen companies. There are so many options on currency trading and everything is attracting many number of people all over the globe and every one is eager to make profits.Because there is no broker involved in this online trading, it makes a new comer wonder what to choose when they start on. And the result is they end up in a loss. Thus you will see that the existing online trading companies make sure that the new traders learn all the aspects of trade so that they can use their money in a profitable manner.Before you start investing in the online forex trading make sure that you have learned about it well, about its losses and profits. You should consider looking for options which either are intermediate or provide long term results. Day trading generally has shown to end up in fewer profits so it will be better if you avoid that. How you craftily manage your money or investments is really important. Extensive knowledge about the whole market and the way it runs and also who are the players is very important for the new traders.You can also choose to join the course available on net for learning the trading business. Courses offered train the traders about how one should manage the finance and will also provide you with course related to profit and risk making moves, their strategies, technical aspect and market trends and how others use networking for online trade. The course also let you know the present software in use for the online trading purpose.

Mini Forex Trading - 11 Advantages Of Mini Forex Trading

Mini Forex Trading - 11 Advantages Of Mini Forex Trading
The forex industry has seen the entry of many traders with limited capital.Traders who are comparatively new to the online forex trading business are also able to sustain the risks involved.The traders were exposed to the world of currency trading with not that high a risk with the development of Mini forex trading accounts that requires a minimum account size of $300. Also, the mini forex trading account holders can trade 1/10 currency lots instead of the entire currency lots.With smaller lot sizes, the traders are exposed to real life trading with comparitively lesser market and risk exposure because,the value of one mini pip is the same as one dollar.The traders are exposed to the trading and are made aware of the reliability and the quality maintained in the trade practices and also the stability of the forex trading.Individuals who are wanting to develop their own strategy and build on their confidence in this particular industry will be benefited by mini forex account trading.The advantage of mini forex trading is that, the traders in this segment have the liberty to enjoy the benefits that are applicable to the full size holders as well.1. Mini forex trading uses the exact same state of art resources and tools as that of standard account.2. The traders will continue to be exposed to the world's biggest liquid market.3. Traders receive a complete free streaming, live and double sided quotes4. It provides immediate fill reports5. The trades are not commission based and the traders are able to check their accounts live.6. Another important advantage in case of mini forex trading is that the traders are able to create a strategy on forex trades and they also improve their discipline and at the same time, not giving more importance to their profits and losses.7. A trader can fixate on the fluctuations of his equity, if he can trade a full size currency of 100,000 units. This can be done by traders who have small balances.By doing so, the decision making capacity of the trader can get affected, as it is highly based on the emotions of the traders.8. The traders usually do not close out those trades that do not result in profits, as they continue hoping that the market would infact favour them.It is the instinct of the traders to make immediate profits with the market movement, rather than maximising gains by allowing free flow of profits.9. The training methods developed in case of mini forex trading, gaining the confidence of a particular trader who is successful, helps one to sustain the distractions, pressure and the anxiety in case of occurrence of any P&L swing.10. It is not always necessary to use all currency units when starting a mini forex trading account. The lots can be utilized as and when required when a trader builds his confidence level, in order to increase his profits. The lot of 10,000 is available for a trader to customise the size per deal that might suit his needs and requirements.11. Another good point in case of mini forex trading is that, a trader would not be too stressed out in case of a loss. It depends on the trader's ability to stick to his strategy and to maintain discipline in order to perform well in the future. For example, a loss of 50-pip on a position of 100,000 EUR/USD is the same as $500 loss, however, it would only be $50 in case of a 10,000 EUR/USD with respect to a mini account.One has to have the guts and the will power to face losses in a forex trading industry;however,if one can perform making use of the platform that is similar to the standard account, why not go for mini forex which gives an individual it's unlimited benefits.

A Look Back At Forex Trading - 4/5/06

A Look Back At Forex Trading - 4/5/06
We have been lucky over the past few weeks to be able to tell you about our good trade nights, well today we will tell you about a bad one. Personally I was stopped out of both of my trades last night for a 80 pip loss.While it is not pleasant, it's a fact of trading, you are going to have losing trades, you would be foolish to believe you will only have good trades and never lose.In discussing last night between ourselves we realized that several of our traders whom trade reversal patterns were all over Cable last night, and we have to look no further than the newsletter I wrote last night to see how they did it.Personally I rely heavily on various support and resistance levels for my trading style, and in doing so, it is easy to over look, what many believe it the strongest indicator available, Candlestick patterns. Lets look at what I wrote last night;For those of you who are fans of the candlestick patterns, we had a perfect double bottom form on both the 4 hour and the 1 hour charts yesterday, right before the spike up, I hope you saw it and were able to get in a long position. Anywhere from 100 to 150 pips could have been had on the move. The double bottom formed in the first couple of hour of the London market, those of you who actively trade the London market were the beneficiary's of a classic pattern that worked to perfection. I on the other hand missed this as I was studying the backs of my eyelids and not the charts at 3:00 AM EST.How silly was it of me to dismiss the reversal for poultry 100 pip move. The pattern we have been in since February has been a trading range between 1.7600 and 1.7230. That initial move left us at 1.7400, a full 200 pips short of the established top of our range, which by the way it exactly where we are now.Tonight we are trading around 1.7595 our first region of resistance is in the 1,7600 range, and a second region around 1.7660. For support we look to around 1.7540.While it is obvious after the last two days that we are in a short term up trend, we have the super resistance of 1.7600 to break. Since February we have only broken above it once to 1.7624, and that was a quick spike that came immediately back down. Cable has tested 1.7600 at least a half a dozen times and held, so being a support and resistance guy I feel we are staying with the established trading range.As all of you know only time will tell, but having a good forex trading education will make a lot easier for you to predict future movement and make successful trades.

Online Forex Trading Platforms - Immense Flexibility Using 4 Different Online Forex Trading Platform

Online Forex Trading Platforms - Immense Flexibility Using 4 Different Online Forex Trading Platform
If you are into the trade of foreign currency, your main objective is to succeed, as in any business . You search for information on the net, read books and articles, and evaluate the market for cards just to find the best strategy for trading on the Forex.However, it could become a most important problem since you can become confused and uncertain of entry into the system thanks to this overkill of information. You can get frustrated and leave your business to later.As a merchant, make sure you stick with a platform that sticks to the best trades so you can see some success. Do not simply develop a fresh strategy, but analyze trends to become a better businessman.1. There is a platform for online trading Forex called WYCIWYG, meaning What You Click Is What You Get. The implementation of the guaranteed price is provided on each type of procedure. You do not have to worry since there is no slippage regardless of market conditions. This platform honors all valid executions, even when the market is fluctuating.2. Commerce platforms, which are based on FLASH. Flash fuels a program where customers are completely free of problems with firewalls. They can quickly and easily access the session of currency trade and then trade with another computer that has an Internet connection, worldwide.3. Customers have the ability to negotiate, whether in the home, using a lap top, desktop or transactions in an Internet cafe. It is a customer-friendly and easy to use because the descriptions are not necessary for you to begin trading. Some sites allow you to log on live, and you don't even need a platform software.4. Commerce platforms that are based on Java and WAP . They contain eleven languages, but do not offer the same benefit on the Web platforms. But they have many advantages, including greater stability, require the use of minimal installations and downloads. There are other types of orders such as "stop mobile" and "if it done" commands.The disadvantage is that WAP has a low speed.Commerce platforms, which are based on HTML. Features and portability are well combined in this platform. You do not need to download and can start trading from any where. It contains all kinds of JAVA orders. The advantages are the light usage of memory , stability is increased, and customized layouts.Such platforms offered by websites allow round the clock trading. They provide management orders, integrated technical analysis, and back office or converse with their customers using a phone in a number of languages. They also provide support to aid clients by answering their queries in many languages.The secret to becoming a better trader lies in know-how, technique and software platforms.

Instant Online Forex Trading - The Nuts And Bolts Of Online Forex Trading

Instant Online Forex Trading - The Nuts And Bolts Of Online Forex Trading
Before anything else, you should know exactly what Forex trading online means. Forex is the abbreviated name of foreign exchange. The real bargaining doesnt involve stocks. It is a purely financial market where currencies are exchanged with other currencies.Foreign exchange is denominated in the currency pairs, for instance: American dollars and euros, or US dollars and Indian Rupee. Investors make profits with the "exchange value" of a currency against another.Change occurs rapidly in the Forex trading. It is therefore necessary to provide or get precious foreign currency forecasts to help you make sound decisions with regard to your investments. Its as simple as this - if you wish to succeed at Forex, you should be well aware of the seriousness of the global news at any time.If you wish to qualify on the exchange rate fluctuations under favorable currency accurate forecasting is absolutely necessary. In this way, you will make a profit and buy and sell foreign currency.Foreign exchange could earlier be done only using brokers phones with their crew. It was difficult to enter the markets. All that has changed now. We need to thank the internet for thisForex online trading web sites are now present making it easy to enter the markets. The net is an ideal trading platform because these markets never close round the clock, and it is open to all time zones.Time zones are absolutely not a problem in the Internet. Therefore, trade can take place round-the-clock, day and night, wherever you may be in the world. So, online trading has many benefits.Online trading allows one to conduct transactions at any time of day, at your earliest convenience. That's why Forex online trading is very popular for the day investors/as well as the passionate exchanges. You can connect at any time of day and check what's happening on the market and to check on your investment as well.Many commercial sites on the Internet can help you get started. You will need to simply register and create an account. Most will offer a free demo to familiarize yourself with their services.These commercial sites online Forex differ in the types of services offered to investors and traders, functionality, fees, the level of commissions and assist in the extension sent to all operators.Fast broadband connection on the net today can help you work from home, whatever your location is, and in real time. Online brokers can provide tools to help you study the market. You can get live data, and all the info you will need, on the net.Check individual sites of stock brokers and try to compare the offered service. Be sure to be really bargaining chip line, you know that the terminology used in the markets. Some phrases include market order, stop order, in order and many others.There is a big price stability in the markets right now. The risk factors that you are likely to encounter are reduced somewhat, because of their "implicit" protection and risk, other protective measures. So if you want to invest, why not try online commerce Forex.

Online Forex Trading - Get The $2 Trillion Forex Trading Market Right On Your Desk!

Online Forex Trading - Get The $2 Trillion Forex Trading Market Right On Your Desk!
The net brings the majesty of efficient dissemination of information and financial transactions in the world of business. You can now observe it right from your PC.The EDI, or electronic data interchange lets you exchange documents and other critical data to your trading partners on the Web thanks to the computer system transfer request. Through EDI, the chance of transcription errors are reduced, which results in a moderate operating cost. The paperless business scene is now in our reach.The introductions on online payments (payments to the acquisition of a distributor on the Web) brings the convenience of transactions to a home PC. You do not need to waste time by visiting the corporate office of a insurance agent just to implement a policy or to pay your premiums. All you have to do is connect to your PC and to the unity of the company site, and you can implement a policy or to pay your monthly premiums (by the intervention of the credit card) right from the computer.This is the very technology that Forex markets depend on today.The market is the largest market in the world, with more than 1.5 trillion US dollars worth of turnover circulating.It is the most active market on the planet, with the various guilds of different currencies taking place round the clock, 7 days a week. So, day and night Forex trades are now possible.90% of all currencies are exchanged for dollars every day, along with the other major players in the foreign exchange market, which constitutes the vast majority of revenue in Forex trading.This change happened around 10 years ago with the popularity of the net, particularly in terms of investments. Thus, it has resulted in the birth of currency swap online.Before the internet was made use oft, exchanging currency was reserved for big players such as large banks, financial organizations, and brokerage firms.So it was just something for the wealthy to get into.However today, online Forex trade has worked for rapid access of the market to absolutely new Forex traders. The home PC suddenly became a huge business tool.A trading platform online, works the same way as the traditional market platform to showcase the largest currency pairs and undertake technical analysis so as to arrive at trades,the only difference being it has some automated features. They include the following:The Bracket feature which can be used to identify and to set the profit targets and avoid further loss.- Library automation relief operations which include the scale output (target multiple benefits), Case (control additional losses), the break-even (no loss, no gain trade), based indicators exits, and others.- Live Tables and indicators- Risk controlling features, such as loss of profits daily limits and the limits of the contract.- Live Streaming quotesDifferent Forex trading platform online can be downloaded and installed on your PC with ease. The features you require are more of a personal choice than anything else.Whether you are a pro or a beginner, get online and get that platform to begin trading in currency.

Mini Forex Trading - What You Should Know About Mini Forex Trading

Mini Forex Trading - What You Should Know About Mini Forex Trading
Forex is one of the greatest ways to make money over the net. And thanks to the versatility and easy access through broadband, and to the fact there are over sixty currencies being traded every day, it is one of the most profitable money schemes.In olden days the foreign exchange trade was restricted to multinational corporations, and banks. But thanks to the net, it is now possible for the everyday person to enter the market on an individual basis.This market is the biggest in the world and it has a daily turn over of over 1.9 trillion US dollars. Moreover, this market is open round the clock seven days a week, so you can trade at any time you please to.There are 2 kinds of currency accounts: the forex account (regular) and the mini account. Right now we will discuss the mini version..Mini forex tradingSmaller investors can get great leads in the market by starting off their new venture with mini Forex.These markets are open to investors with minimum experience.Mini forex accounts allow the operator to deposit only $100 and control a currency position worth $ 10000. With the regular exchanges of news items the positions could become $ 100000. These accounts are thus a tenth of the scale of a normal account, thereby being inviting to new traders. They offer a beginner at trading a great chance to get into the business with a minimum capital investment.Traders who do not have a lot of money and want to do business with just less than $ 10000 are advised to preferably go with mini forex accounts. Not only does this strategy allows them more flexibility in the implementation of various strategies, but also gives them a lengthier stay in the market without taking the risk of over spending.You may think that's impossible to trade 10000 value of the currency with only a small deposit, but this is a reality in mini forex trade. That's thanks to what they call a leverage.Leveager allows you to buy and sell more of a particular product than what your account and you can draw, letting you have great performance. Too much leverage is risky, so do be careful you don't over spend on it.The advantages of mini foreign currency account are not really different from ordinary forex account. You always have the ability to have access to small spreads, and a free trade platform.But, as mentioned earlier, the greatest advantage of the opening of account forex mini is that you don't have to spend as much in order to see the gains. You might see less money, but the potential gains are still attractive.

How to take control in Forex Trading

How to take control in Forex Trading
Forex Trading is not that easy, all Foreign exchange traders before they enter this business, they think that they will be rich very quickly and make $20 000 in one or two weeks, but when they begin trading they discover it is not true, it is not easy to make money especially when we work with money. Very tricky business, many of us think that there is a conspiracy planned by THE BIG GUYS, they know what we think what we plan to do and they do the opposite to steel our money, many times we think to make the opposite of our decision (if I see the market is going up then I will sell). And we begin searching for someone to help us making at least 200 or 300 pips a month, probably many of us work with signals advisors who simply took our money and probably do not make us decent profit. Many of us thought stop trading many of us quit trading but I think most of us will not quit that easy because we see in it a golden opportunity to have our own business and make our fortune.Forex is an opportunity to make a fortune and it is an opportunity to loose our money, we can make a fortune if we knew how to handle forex, if we dont know how to control forex it will jump on us and brake us, so we must be stronger than it, and if we dont know how to control it with our own hands it will brake us too. So how I can be stronger than this ferocious beast? it is simply by learning, observing, and practicing. The market will not go anywhere it will be trending and ranging for ever, so learn from experienced traders how they became that good, observe charts and look for common points look for the reason why the price change direction, and when you discover the reason which influence a currency you will have in your hand the first tool that makes you control. And each reason you discover, try it on a practice account, see if it is valid or develop it. In this article I am helping you to find your way, I am not giving you the fish but I teach you fishing. There is no conspiracy theory in this business, no big or small guys, we loose because we dont know, and the first thing to become good trader is to admit that we dont know and we must always learn.I will give some clues and I will leave you learn, observe and practice. First of all you must know that you must use fundamental and technical analysis in conjunction, both complete each others, so dont rely on one and leave the other. Fundamental is one of the reasons which influence the market, so if you are in a long trade and suddenly the currency went down so go and see if a report was released and see what its forecast and what was the released data and compare this data to your chart and you will have your first tool to control your business.Second, in my opinion all the technical indicators didnt help me at all, I tried all the combinations nothing work, indicators describe you the status of the market but dont give you information about the next direction. I read an article about a guy who describes his strategy reveal, I was completely lost, he uses a combination of 12 indicators EMA340, SEMA890, EMA2900 etc& and he inserted FIBONACCI in it. I was lost. Even if his strategy worth 95% success I will not use it because I can control the market by using simpler techniques. So we dont need to seek indicators, only one indicator I use it the Bollinger Band which is the perfect weapon in our battle against forex. So I want you to look to the Bollinger Band and see how it affects a currency, focus on it and you will discover a lot of things, and you will have your second tool.Third, suppose you are in a long trade and suddenly for no reason it went down, there are no released reports it just turns down, this is weird. But weird things are those we dont understand, but if you observe your chart and go back several hours or days and drop a break line from higher swing points you will see that the price turn down because it touches that break line, you see there is no mystery. So this break line will be your Resistance and if price breaks it, it will continue going up, but going where and till when? &. observe very carefully and you will learn as I did. And no need for midnight or afternoon candles, be simple as you can, that beast is not as ferocious as you think.So breakout is your third toolFourth, what timeframe to use, it is up to you to choose the suitable timeframe, H1, H4, D1 & I dont know, compare the charts and you will see the suitable timeframe.Timeframe is important and when you find it you will have your Fourth tool.And thats it, I repeat observe your charts and focus and think in these clues and the more you think the more you discover.I do good profit from my strategy because I program it, I gave my system the data and leave it do his job. This eliminates the fear factor and gave me more time to go out and have fun.I hope I gave you some tips and techniques which help you in your trades.Good LuckAbout the authorJoe ChalhoubLebanon, Beiruthttp://Rpchost.com

Day Trading Education - 4 Basic Principles Of Day Trading

Day Trading Education - 4 Basic Principles Of Day Trading
Education is one of the most important things in life aspect. Many give it very high priority as it can make a success or a failure of you. At the same time, some say education can not be removed from you, so it's best to cultivate it.Experts in the field, in fact, believe that education is an important factor to lead you to success in any business.You need to learn the basics of being a good day trader.Mainly, you need to know what the day trade is. In the markets, the day trade is commonly defined as the process of buying and selling. However, it isn't just goods that are traded. Trading deals with the buying and selling of security and other financial selections.Beyond the simple definition of learning and the process of the day trade, you will also need to acquire knowledge on the basic principles of the day trade business, such as:1. When someone speaks of purchase, it usually means he's got hold of specific currency to start a trade. Normally you would purchase a currency that is expected to go up. Selling , is the process of placing on the market of foreign exchange a specific currency to initiate a trade . Contrary to the purchase, most day traders find it difficult to sell since it requires special skills.2. You need to have a good idea of all currencies and their rise and fall to compete on the market. Research tells us that the currencies traded in high frequency are the US dollar, the Euro, and the Australian and Canadian dollars.3. Be aware of factors affecting currencies. various factors can influence currency rate of a country. And some are politically influenced.4 . Fine-tune calculation and prediction. Invest as much time as you can, to learn how to calculate and foresee the rise and fall of currency values. When you have that knack you are more sure of what to buy and when to sell.These are only some of the aspects of day trading. The more you learn about trading, the more will you meet many of the elements that make up each successful day.You could very well join a course on trading as well.Learning should not be confined to the walls of a class Look for tips wherever you are. Keep your eyes open for a good mentor. A guru will most likely be able to help you solve your dilemmas of the day. It can also give you advice on how to obtain profits.Book reads as much as you can lay hands on, about the trading business. You could read from borrowed material, but it is great to invest in a few good books on the subject.Learning is always a never ending procedure.

Online Currency Trading - 3 Factors You Should Be Careful Of While Online Currency Trading

Online Currency Trading - 3 Factors You Should Be Careful Of While Online Currency Trading
It is in everyone's fortune to face some danger in the course of their lives. Some emerge victorious and some fail. Nevertheless it is worth it if you learn from your experiences.When it comes to currency trading, traders may fall into unfortunate circumstances which may lead to a huge loss. This can be avoided by being well informed and possessing a good presence of mind.Trade always begins with a certain amount of money termed as "capital". In the case of currency trading, the capital required is often large. Therefore, anyone interested in online trading must have a well drawn out plan and strategy in order to avoid serious loss. This involves a financial plan which must state the amount of cash you are willing to part with. To check the proper functioning of your business, you can even hire a broker or a money manager.Security RiskYour online trading establishment is posed with a risk of being hacked into. This will result in a lot of confidential information finding itself in the wrong hands. Further, the hacker is free to alter your profile, its strategies and schemes. Thus, it is vital to choose software which has the necessary tools to combat such risks.Don't trust everybody too easilyAs an online trader you must be weary of the different individuals you may come across. You are solely responsible for your actions and the consequences they may have on your business. Not every one who calls himself a friend has the best of intentions. They may cause serious damage to your business resulting in you incurring a great loss. Therefore, you must tread these grounds with caution. Never make deals you are uncertain of to avoid heavy loss for hard work.Psychological aspectsIt is imperative to keep your mind clear and stable to avoid making hasty decisions you might regret. Even though it is said that trading is very mentally demanding, some might find it very relaxing. But you need to be able to identify the hazards it may pose to your system. Stay clear of the tension zone.Before delving in a field of your interest, educate yourself, plan and prepare yourself to conquer any obstacle that might come in your way of success.Currency trading can make you a good amount of money provided you play your cards right. It can make you lose the money as quick as you can make it, on the other hand. The golden rule is never to invest money that you cannot afford to lose. When you stick to this rule, it becomes more of a mind game than a business, and you are able to think more objectively.

A Look Back At Forex Trading - 4/04/06

A Look Back At Forex Trading - 4/04/06
Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360.Unfortunately the market just dropped, all night, never taking the bounce up we look for our entry. In the morning in was obvious Cable was not going to give us our trade, we had news coming out ( ISM) at 10:00 AM, it was time to get out of the way, and in doing so we prevent a loss of from 30 to 40 Pips.The ISM news produced a 130 pip spike. Today we have several of the Fed presidents speaking, although none of them appear significant, you need to watch any trades you might be inTonight we are trading around 1.7380, our first region of resistance is in the 1,7420 range, and a second region around 1.7450. The strong support From 1.7310 to 1.7280 levels was violated firmly last night. For the next support level we will look around 1.7230.For those of you who are fans of the candlestick patterns, we had a perfect double bottom form on both the 4 hour and the 1 hour charts yesterday, right before the spike up, I hope you saw it and were able to get in a long position.Anywhere from 100 to 150 pips could have been had on the move. The double bottom formed in the first couple of hour of the London market, those of you who actively trade the London market were the beneficiary's of a classic pattern that worked to perfection.I on the other hand missed this as I was studying the backs of my eye lids and not the charts at 3:00 AM EST. That is the beauty of how we teach forex trading in our forex-trading course.There are a limitless number of ways you can choose to trade the forex, and you develop the style of trading that is right for you.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style by getting a Forex trading education. Whether it's a Forex trading course or a Forex seminar.

Forex Trading Signals - How And Where To Get Forex Trading Signals!

Forex Trading Signals - How And Where To Get Forex Trading Signals!
Newcomers often wonder where they can get Forex trading signals. But when you ask an operator experienced, he is likely to reply that time has everything.There is definitely a correct time for each activity. This goes for Forex trading as well. Playing in Forex on the financial market and out, is best done at a right time and place. When you do that, you are sure to maximize profits and lower your losses.Want to hear a golden rule on Forex trades? It is getting to know beforehand when the markets are about to move. Each Forex traders should know this. The basics of forex trades are knowing when to invest and when to sell, and you should welcome any tool that helps you know these facts.Perhaps you have heard the saying, "knowledge is power". Are you a believer in that? Forex signals are part of an operator knowledge, as well as other relevant facts. You need to stay informed of various movements in the market, they are alerts that prompt you invest or to sell . Keep track of these movements in the market because it can help a lot to make good decisions relating to trading Forex.Forex is a market where the landscape is changing rapidly recently, these signals are Forex "on the money". There are quick changes in markets since the events have a major impact on trading Forex. What you should stay informed of is financial changes taking place in this world. You can find many-many Forex signals services, each offering real-time information on trends in the trade, so how do you choose?Use the net to get online sources. You can do some of your own research, collect data, and choose that which satisfies you totally.Most companies that offer Forex signals are based on the subscription system. Typically, as soon as you open a trade account, you will be approached by some. However, these accounts are very expensive to set up and maintain. These are known, like all commercial transactions or accounts.Besides, the free exchange of signals Forex only keep track of the four pairs of negotiation, namely: USD eur, ghp-USD USD-jpy and USD-en. Other currency twins are not available at all times, so you have to find different sources for those.Forex Subscription-based services have signals costs. Usually basic services offer e-mail notifications of the entry / exit opportunities. They also provide comprehensive options, whether by SMS or by cell phone. Data charts are available for advanced functions. Many of them are cheap, while some others are expensive. So, it will depend entirely on your ability what you subscribe toAs a trader, never depend totally on signals. Forex signals are here to provide points of entry or exit for you to get more long-term benefits. We should not expect instant results, we must depend more on our own discretion. Finally, success depends on how you react to some of the information provided to you by these signals.You must have a good history with Forex markets, and have a thought out game plan. It is better to rely on that than on any signal from any company.

Forex Trading Course - Whether Beginner Or Expert, Forex Trading Courses Can Help Anyone!

Forex Trading Course - Whether Beginner Or Expert, Forex Trading Courses Can Help Anyone!
An Interbank trade transaction is a term that you encounter when investing in forex trading. This term is in reference to the transaction of info between banks and major financial institutions with regard to the current rate at where they themselves or their clients have decided to trade on a foreign currency.This currency swap involves the estimate for bid (buy) and tender (sales) foreign currency from a reliable source. Such citations are generally huge financial institutions. This ensures the trade will in fact be completed and that both sides have the ability to perform transactions.Do you fully understand the conditions and situations described above?If yes, then you probably already have enough experience in negotiation Forex. You are well informed of the possibilities that might occur in the trade and also the steps you should take to avoid losing your investment.However, don't worry too much while you are still learning the ropes on negotiating foreign exchange. All the leading players started from the ground up with no prior knowledge, just like you . IA course could help you learn the ropes of Forex negotiation quickly.Forex trading has its doors open to anyone willing to get all involved in an exchange of $ 1.5 trillion market. To get at least some of the money circulating in the market, you will need to learn the basics of exchanging foreign currencies through obtaining a currency swap. Once that is done , you would know the Forex trading and concepts which control the market. Also, you will learn how to read market trends.Apart from these basics, a course could help you in understanding the reality of negotiating on the market. If you get into large commitments with your money and do not have the back up in case you lose your money, you would obviously be in a lot of trouble. A course could also help you strike the right balance here.Forex trading course includes most skills that an investors needs to learn. Some of them include:1. Forex trading is harder than you may imagine. Even if you received an enormous turnover in the market of $ 1.5 trillion, successes of each of your trades depends on how you act on individual cases. Using different strategies in different cases is part of any good course.2. Apart from the basics, a part of this course is the general rules, which are commonly known in the terminology as Forex trading system. They help determine the position you need to take at the end of a transaction, whether you are getting in or out of the deal. The course should also help you make a list or strategy of personal preferences.3. The system you have selected should be tested using a demo account. You could be trained in the use of virtual money for commerce and business in a simulatort. This will help judge if the system worked for your benefitGetting a course Forex trading is like the course to become a driver or a pilot. You need to learn the ropes before you take off on your own.

Forex Trade System - 5 Tips On Choosing The Right Forex Trading System

Forex Trade System - 5 Tips On Choosing The Right Forex Trading System
Could you really find a "best Forex trade system"? If you have browsed various web sites of the so-called "best Forex trading system", you will soon be annoyed and feel cheated by the lot of useless and time wasting info you will find.The truth is a lot of people and claim they know a lot about trade systems. Some claim to be Forex trade experts, when they are not really. And some, even scammers are wait for that perfect bait. So before you end up as a victim of these individuals do be cautious.You can not have a currency exchange if you do not have a game plan or a system of currency. You must first establish this subject because you compete with the major organizations and establishments with a vast reservoir of resources. It is easier for them, because they have their own people like economists and analysts, who perform technical analysis and fundamental analysis, which allows them to make informed decisions as regards the negotiation FOREX.Besides this, they also they also hire dedicated staff, which includes managers, analysts, and portfolio developers who dedicate entire work days to help the business succeed. It isn't possible for you as a freelancer to afford this luxury. Whatever you undertake, you must be your own team of professional trading in foreign currencies.With so many trade systems on the markets, how do you differentiate between what is worth it and what is not? If you are always looking for "best currency trading system", do look for following characteristics:1. For advanced in the market, look at an exchange of style and risk profile. See if your trade system can work with both.2. Managing money is the key to being a successful trader. So, it is good to choose a trade system that puts emphasis on risk management technique as well as money management.3. Look at trade systems promoted by people who have a lot of experience in the markets. Do not make hasty decisions. It is preferable to opt for people who have stood the test of time.4. Don't work with someone who bombards you with information. Work with a guy who takes the time to make you understand every move, and one whose logic you can follow.5. Choose a trade system which provides tools to help develop your personal skills Figure out if the strategies are useful to you.6. Look for a system that offer good value for your hard earned money. There are systems out that there are good for you, and some that are not, so take your time to choose.Take your time to make any decision as to the use of a particular trade system. Work out the pros and cons of every one that you consider, and take your time on the research.

Currency Trading Systems - Tips On How To Succeed With Currency Trading Systems

Currency Trading Systems - Tips On How To Succeed With Currency Trading Systems
Currency exchange or foreign currency or an exchange system is basically a system that allows for you to exchange the currencies of various countries to get profits. Many people see it as one of the best ways to earn money.In addition, this is one of the biggest markets we have, and it sees the exchange of billions of dollars every day. Also, the currency exchange doesn't have a base. What this means is the market is always open, every hour of the day and every day of the week.You must have seen the ads that say you can make a lot of profit by simply exchanging currency in the foreign exchange. It is a reality for many people. Up to a few years ago it was only the banks and large companies who could get into the market, but today thanks to trends such as the use of internet, even an individual can make money on foreign exchange.Currencies are traded every single day. People who have a little bit of free time from their everyday jobs love to look at the Forex markets as an additional source of income. The whole thing may not be as puzzling as some imagine it to be. Try and learn the basics first, and you will soon have an additional income. There are people who see so much success here that they just quit their regular day jobs. This is a great way to get rich quick if you play your cards right.Keep in mind first, a currency trading system gives you the opportunity to put your money into a foreign country. What this means is, you need to know about a company, and how you can make good returns from it.Investing in systems currency swap is great way to trade currency, simply because anyone can work on it, from wherever they may be. This is thanks to a systems currency swap that lets you make investments as small as five dollars. Just imagine, you could be trading in the market with as little as five dollars to start with.In some cases, you may have to sign a contract that will determine how long the money you have invested should remain with the company that you have invested in. So do take the time to read the fine print before you make a commitment. In most cases you won't want your money getting stuck for long periods.The best thing about these markets is that you do not have to be physically present in a country that you may want to invest in. This allows for greater trade opportunities than ever before. Finally, do make a background check on a company you wish to invest into.

Forex Currency Trading -The Latest Vogue

Forex Currency Trading -The Latest Vogue
Forex currency trading is something that is almost becoming a sort of fad in many parts of the world. Before you take a plunge into forex trading it is always preferable that you equip yourself with at least the basics of it. Such knowledge is always bound to stand by you in the long run. You should for instance always educate yourself about the currencies that you intend to trade. You should always know a lot of things in detail about the country whose currency that you intend to deal with in the forex market. Such knowledge will help you in predicting the market tendency much more accurately.Experts in the field always recommend beginners to initially go in for smaller accounts and then gradually move on to higher accounts. It is because in the field of forex trading it is only through practice that one gets perfect. Starting off with a mini forex account for example is a good option which lets you minimize your losses while you also get to learn about the intricacies of the forex market.It is only through constant practice and with experience that you will be successful in the forex market. This is one reason why there are more successful corporations than individuals when it comes to the forex market trade, unlike the case of the stock market. Experience teaches you a lot of things in the field of forex currency trading. For instance margin trading by beginners is bound to make them lose a lot of money. Until and unless someone is sure about the entire process of forex currency trading, you should stay away from things such as margin trading.Forex currency trading is a complex field involving a lot of players such as dealers, global money managers, international brokers and multinational corporations. There are many instances when even the governments of several countries intervene or get involved in the process, particularly when there is a need to provide stabilization to their respective currencies. It is for this reason that you should first of all equip yourself with the adequate knowledge before you deal with forex currency trading. Experts therefore always recommend that you test forex trading strategies initially with a demo account before shifting to bigger accounts. You should always remember that there is a significant amount of risk of loss involved in forex trading. A realistic evaluation of your expectations is what you need when you deal with forex currency trading.

A Look Back At Forex Trading - 4/3/06

A Look Back At Forex Trading - 4/3/06
Looking at Friday's trades reminds me of the importance of multiple technical indictors. When I was writing Friday's newsletter, I spoke of several indicators, which lead me to believe Cable was going down. Lets review:First we would like to decide if the up swing will continue or not, and looking at the 1 hour chart we do not believe it will. We have just had a steep angle cross of the MACD to the sell side of the signal line, and the 15 minute MACD continue to be strong on the sell side. The slow stochastic on the 1 hour chart had a steep angle cross several hour ago and both line are steeply heading down.Based on this information we correctly predicted the market was going down. Now many of you would ask me why not just get in your trade and ride it down.Hind site being 20/20, I asked myself the same question, But in my personal trading style, I used 1.7460 as my entry, which means I missed getting in my trades by a frustrating 4 Pips.The simple fact is 1.7460 was a good entry, we were trading @ 1.7452 when I set the trades at 12:00, you can not expect the market would not go up 4 pips to get me in, that is just unrealistic.So once again I missed out on a very big night, of 150 Pips, but I have to come to the realization the market is completely random and although I was able to predict the direction and the levels, you still need a little good luck every once in a while to help you make a big trade. Many more times than not you will get in that trade, it just was not to be last night.Tonight we are trading around 1.7330, our first region of resistance is in the 1,7380 range, and a second region around 1.7420. Strong support exits From 1.7310 to 1.7280 levels.We have several reasons to believe the upcoming week should have a significant increase in volatility. We will have to watch closely this week as the news unfold to decide how it will affect the market and our trades.You can also use these same techniques to successfully pick your our trades, just like we do. With the proper forex trading education there is no reason you could not be making the kinds of trades we are make, and discussing in our articles.Let's face it, whether it's a Forex Trading Course, or a Forex Seminar, you NEED a Forex Trading Education