Want to know more about Forex trading software Automatic Machine Magic? Lot of money, like me, are the operators to benefit from the use of this automatic robot to make money for us today. Although this type of trading software is increasingly popular, there is still a very large majority of people who have no idea what they are and how they work.Using this robot, which allows me to earn money without having to watch charts all day. Best of all, I do not even need to have all the experience and skills in Forex trading to make money with Forex Magic Machine.1. What is the benefit of automatic Forex Trading with the Magic Machine instead of manually?A great advantage is that this robot has no emotions and not be afraid to trade. It buys and sells based on the profitability of the systems that were programmed in and responds only when market conditions fulfilling its terms of trade. This software is also to make complex calculations and react much faster than human trading mechanically, enabling it to identify profit opportunities and build on them much faster than a manual of the man merchant.2. How do you know that the Forex Magic Machine is the right software for you?This exchange program can be purchased and used successfully by a person, even if they have not done a single trade Forex before. In a market like 24 hours Forex, have such an automated software allows the user to take advantage of every opportunity and not to lose, because he or she needs to rest or is too tired or distracted to identify opportunities profitable manually.For beginners who have never made money before the currency market, Forex Machine Magic offers the opportunity to jump and start to learn without heavy casualties (which usually happens to new Forex traders have no experience).Is Forex Machine Magic Software Scam? Visit http://forexmagicmachinereviews.blogspot.com to read a FREE report on the Automated Trading technology to discover the truth before you buy Magic Machine Forex Robot!
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Friday, August 7, 2009
Trend Forex 2.0 Review
You want more information on Forex Trend 2.0 and how it really works? There are many ways to forecast short-and long-term trends in the currency markets, but this John Chen presents some concepts of trend trading that are truly unique and powerful. They are not difficult to understand compared to most of the trading strategies, but have much better results. The system taught me how to trade and exactly how mechanical manage my capital.1. How can you improve your potential trading skills using the 2.0 Trend Forex System?With lessons and video tutorials that I have lived in this course, I personally felt an increased confidence in my own trading profits and better performance due to improved my skills. Anyone, regardless of their age and level of experience, will be able to learn and benefit from this system, he explained that every concept of benefit of the currency from the base. You most likely will not be able to make a lot of money when you learn Forex Trend 2.0, but should be able to get more experience and know better, after at least 1 to 2 weeks practice.2. The development of 2.0 Trend Forex John ChenJohn has also sold a course called Forex Trend System. It was really a great and rewarding for me and of course all its members. Basically, John would make his own formulas for negotiation on the basis of his many years of experience. After many trials and adjustments, it is able to produce better and better results compared to previous methods. This new course is a version 2 of the 1st and has proved to be much more profitable and less risky than the first.3. How the strategy Forex Trend 2.0 Can you help reduce the risks?In addition to providing signals to find huge price fluctuations, the system is also capable of providing rapid warning signal to reverse the trend of prices, allowing the operator to take prompt action to protect its positions.
http://e-fxonlinetrading.blogspot.com
http://e-fxonlinetrading.blogspot.com
Forex Education - Should You Buy a Automated Forex Robot Or a Forex Course?
Most new operators or the purchase of a robot or a Forex software package or buy a Forex course, but that is the best option - the reply is attached to this product with the advantages and disadvantages of each method.On the face if it, the robot or automated software seems the best option that you do not make the effort of all you do is plug it and start making a steady income with low risk but there is a problem, and it is this:These packages do not make money for users and if you think about this, they sound too good to be true, and they are. They promise a better income as the world's top traders of $ 200.00, if they do really gains they claim, they should be sold to millions or tens of millions of people. The fact is that they are not verified in real-time monitoring of files audited by an outside source. All they have are paper simulation, knowing that the closing price, the figures of the supplier who sells the system, without verification.Thus, these systems lose money, but is a Forex course, one way to make money?It depends of course on the other hand Forex trading, you must acquire skills and apply them with confidence and the best price you can give a solid that can help you build a second life or changes in income. In short, they cut your learning curve and you can learn the proper way to make money.If you buy a way to examine these key points to include:- 100% money back guarantee without any deduction. All good, you learn to see them safely.- Seek support for an unlimited number of e-mail - your purchase of a course not a book and your bound to have questions or requests- Look for daily reports to demonstrate that the system in action. The benefits that you can learn in real time and you can also see the success of the system. This is a premium of more and more courses are offered.The fact is that if you want to win at Forex the best choice is a Forex course, good software market just do not work and you just get wiped out and join the majority of losers. A Forex course, if you choose wisely can give you skills that can make money for a lifetime.
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http://e-fxonlinetrading.blogspot.com
Forex Trading Facts, the Advantages and Disadvantages - Is Forex Trading For You
The fact is that most people who start trading Forex missed and it is a huge 95% of all traders. The good news is that you can earn, if you have the right to think and here we will give you the advantages and disadvantages that you can see if you have what it takes to win.So what are the benefits?- There are always opportunities to make money, that currencies fluctuate daily and the trend.- There are always opportunities for profit and never a recession as one currency rises another must fall and vice versa.- You only need an Internet connection, a computer and seed capital to start.- Forex trading is a learned skill completely, so that everyone can learn to trade.- The best trading systems are simple Forex so that everyone can learn.- You only need to spend 30 minutes a day on your business strategy.- You can leverage your investment of up to 200:1, to make even greater gains.Now, on the face of which it has many advantages, but do not be deceived, that money is not a walk in the park, and you would not expect it to be, with the rewards that you can possibly do. Here are the disadvantages of Forex trading and how to combat them.- Leverage creates risks and opportunities and money management is required tight- You can not predict Forex prices in advance and cheap all robots that you request, you can earn money without any effort are not correct and that these systems all lose.- You will face a period of several weeks, to the point where you have loss after loss and you must keep these small losses. This is the hard part of forex trading, keeping your discipline when times are difficult.- You must run your profits and management of a profit requires confidence and courage.If you look at the disadvantages above, you will see that the road to success is having the right mentality.Most operators can not take responsibility for their actions and they can not take small losses. This is the challenge of Forex trading, maintenance and operation of small losses of profits, anyone can learn to do, but most simply do not have the confidence to trade with discipline.If you want to trust others or get advice from others, you will fail at Forex trading, but if you can take responsibility and trade with confidence when Forex trading is for you and you can do more money, in less time than any other company. The right Forex education and the right of thinking and working together for your success in the world more exciting - international Forex trading.
http://e-fxonlinetrading.blogspot.com
http://e-fxonlinetrading.blogspot.com
Forex Traders Guaranteed to Advance Your Training With New Methods Utilizing Best Forex Videos
With over $ 3.2 trillion in daily volume, the foreign exchange market is the most liquid market in the world. And unlike stocks, where investment traders are faced with certain rules and regulations on short selling is betting that stock prices will, forex traders and investors are free to go long or short as currencies are traded in pairs. Investors are still buying one currency and selling another currency. For new traders or those investigating the possibility of forex trading, even those under negotiation, are likely to have visited the forums or online purchase of books recommended strategies forex trading. I know from experience that most books are usually deep and confusing for the beginning of the operator because the technical jargon.Forex trading does not have to be as complicated as it seems. There are four trading techniques to keep in mind.1. Determine when to enter the market for your investment.2. Determine where to place your stop loss to minimize losses you.3. Determining when to exit the market immediately to achieve your gain.4. Over time, the three steps above will return a profit.Remember, you can not get greedy and let your profits slide and turn into a loss. The easiest way for traders and early easily learn the techniques of negotiation with the best videos that explain various stages of Forex learning methods and techniques of forex trading. Forex some videos on the following topics: how to use Forex, Forex Software, Forex trading, Forex and Forex training methods, to name a few. There are many more videos available for your training experience.Dwayne Waller demand immediate access to these videos Best Forex supplied to further your education and training you can either increase your income or to start selling the forex market. Do not wait to start or continue your forex education. Now it is time to learn how to increase your income.I had an internet presence online since 2000, with my first site in a part-time capacity and I have several blogs. I have now full time in an effort to generate revenue with other websites that allows me to replace the employment income ourside in line with income. I recently started offering online training videos to give access to many skills of interest to the online community.
http://e-fxonlinetrading.blogspot.com
http://e-fxonlinetrading.blogspot.com
3 Reasons to Use Forex Signal Generators to Make the Kind of Money You Want in the Forex Market
Forex signal generators, retailers have experienced all the different levels of money since they were first conceived years. Here are 3 reasons to use signal generators forex.No Emotions - Forex signal generators are essentially stock pickers in the forex world. They analyze market data around the clock and try to use mathematical algorithms that have a reputation for identifying the beginnings and ends of profitability trends. They then send you the relevant information so that you can trade accordingly. The great thing about trading only with signals for selection is that all trade with you is completely based on pure mathematics crunched market data. As such, undisciplined traders can still make a profit because the emotions and other hazards, such as speculation or basic human error are not in your element in all occupations.Effort Free Profits - These generators do all the work for you at the opening of trade, that's where you take over. But since all the work of analysis of market data to anticipate the behavior of the market was made for you, you have to do is to adopt the recommendation that captures signals or generators to send your way, you can enter and exit your trends heights.Universal Trading - Finally, the use of forex signal generators means that virtually anyone can make the kind of money they want on the currency markets, whatever their experience or lack of one them. Again, all you have to do is to adopt a business online using a trading account
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http://e-fxonlinetrading.blogspot.com
Forex Online Trading
What does it mean?? The main system of Forex online trading is not different with offline foreign exchange. You will act as authorized money changer. Trading is going on globally between world finance centers and involved world major bank as the main implementer of each transaction. Circulation Volume of money is biggest around the world. Everyday reach I,5 billion. The huge of volume has made perfect market competiton due to nobody could decide the price. There are currency pair which often to be used such as :
EUR/USD :Euro/US Dollar is often called Euro
USD/JPY : US Dolar/ Japanese Yen is often called Dollar Yen
GBP/USD : British Pound/US Dollar is often called Cable
USD/CHF : US Dollar/Swiss Franc is often called Dollar Swiss atau Swissy.
USD/CAD : US Dollar/Canadian Dollar is often called Dollar Canada or C-Dollar.
AUD/USD : Australian Dollar/US Dollar is often called Aussie Dollar.
EUR/GBP : Euro/British Pound is often called Euro Sterling.
EUR/JPY : Euro/Japanesse Yen is often called Euro Yen.
EUR/CHF : Euro/Swiss Franc is often called Euro Swiss.
GBP/CHF : British Pound/Swiss Franc is often called Sterling Swiss.
GBP/JPY : British Pound/Japanesse Yen is often called Sterling Yen.
Swiss Franc/Japanesse Yen is often called Swiss Yen.
NZD/USD : New Zealand Dollar/US Dollar is often called New Zealand Dollar or Kiwi.
The value of Currency Pair above are real-time and keep changing follow market condition every time. You can get profit from positive difference of this trading. There is term called Quantity, so you can easily deal transaction appropriate with your abilty. Here is the example :
100 Quanties = USD 1
500 Quanties = USD 5
1000 Quanties = USD 10, and so on
100 quantities represent 1 USD, Means margin that used for 100 quantities you need 1 USD, and it can be interpreted to deal transaction 100 dollar you only need USD 1. For 500 dollar you only need USD 5 and so on. I'll give you example work system, If you take buy position and it turn out that movement of money price showing rise trend, so you can take profit from the difference of buying price by closing buy position and take sell position. The same way can be used if you firstly take sell position. If you wanna seriously in forex online trading, you can register at www.Marketiva.com, this site is owned by Marketiva, one of the major company from switzerland which serve forex online trading. At the beginning you'll get virtual money amout US$10.000 as practice of simulation trading on virtual trading. Then if you feel confident enough you can start trading with initial capital for only US$ 1. To start making money from Forex, read this first
http://e-fxonlinetrading.blogspot.com
EUR/USD :Euro/US Dollar is often called Euro
USD/JPY : US Dolar/ Japanese Yen is often called Dollar Yen
GBP/USD : British Pound/US Dollar is often called Cable
USD/CHF : US Dollar/Swiss Franc is often called Dollar Swiss atau Swissy.
USD/CAD : US Dollar/Canadian Dollar is often called Dollar Canada or C-Dollar.
AUD/USD : Australian Dollar/US Dollar is often called Aussie Dollar.
EUR/GBP : Euro/British Pound is often called Euro Sterling.
EUR/JPY : Euro/Japanesse Yen is often called Euro Yen.
EUR/CHF : Euro/Swiss Franc is often called Euro Swiss.
GBP/CHF : British Pound/Swiss Franc is often called Sterling Swiss.
GBP/JPY : British Pound/Japanesse Yen is often called Sterling Yen.
Swiss Franc/Japanesse Yen is often called Swiss Yen.
NZD/USD : New Zealand Dollar/US Dollar is often called New Zealand Dollar or Kiwi.
The value of Currency Pair above are real-time and keep changing follow market condition every time. You can get profit from positive difference of this trading. There is term called Quantity, so you can easily deal transaction appropriate with your abilty. Here is the example :
100 Quanties = USD 1
500 Quanties = USD 5
1000 Quanties = USD 10, and so on
100 quantities represent 1 USD, Means margin that used for 100 quantities you need 1 USD, and it can be interpreted to deal transaction 100 dollar you only need USD 1. For 500 dollar you only need USD 5 and so on. I'll give you example work system, If you take buy position and it turn out that movement of money price showing rise trend, so you can take profit from the difference of buying price by closing buy position and take sell position. The same way can be used if you firstly take sell position. If you wanna seriously in forex online trading, you can register at www.Marketiva.com, this site is owned by Marketiva, one of the major company from switzerland which serve forex online trading. At the beginning you'll get virtual money amout US$10.000 as practice of simulation trading on virtual trading. Then if you feel confident enough you can start trading with initial capital for only US$ 1. To start making money from Forex, read this first
http://e-fxonlinetrading.blogspot.com
Recent Forex Efforts
Since the recent yen cross meltdown started I've been trying to keep from getting caught on the wrong side of any massive downward moves.As I generally trade only the AUDJPY, mostly on the long side, things have been pretty quiet!However, we are now facing some resistance at 74.50 on the 1hr -- which should be illustrative. We have done what might be a triple bounce off of support in the vicinity of 70.90 or so too. I'm thinking we may have another downturn to confirm support but we could certainly get right back to business without it.In any case, as the market is starting to act rational, I'm just about ready to start trading according to my own particular style
http://e-fxonlinetrading.blogspot.com
http://e-fxonlinetrading.blogspot.com
Wednesday, July 22, 2009
My Daily Crust
Trading the Markets for a Daily Crust Y'know, time was when I thought that trading and making money were two totally opposite phenomenon. See I'd traded for nearly ten years and in reality, never came close to making money long term. Sure, I'd had a few notable successes, but as for earning a living from trading, no way. So it was with a mixture of relief and jubilation that I fell upon the method of day trading that now forms the basis of my comfortable existence. This, I'm sorry to say wasn't the result of my own ingeniousness, nor brilliance but luck. A chance meeting with a fellow trader at a house-warming party; only he worked for a trading corporation and was paid a decent salary plus bonuses, he didn't actually trade to live as I wanted to. Anyway, at a follow-up lunch he gladly shared his knowledge of the markets and how he traded them, I guess as the trading method had been taught to him by the firm he didn't consider them to be secret or even that clever – his attitude was “hey, doesn't everyone do this?” Nope, they most certainly don't. So, I got myself organised, got the software, the data feed, opened an account and started to practice trading his way. It worked. I kept trading for a whole week – it kept working. I was stunned to find that something so simple actually produced consistent results day after day. So what is it ?? Well, you trade the Mini Dow, S&P, or Russell on a one minute chart. You look for a signal from an indicator suggesting that the price is over-bought or over-sold (not stochastics), you then simply trail an order at the high or low of the market until, eventually you get filled. You then look to take a really small move then get out. The whole idea is to have something that works “most” of the time so that you can get real confident in the system, then, to make serious money, you simply increase the size of each trade. Easy. I make profits 3 or 4 days a week and break-even on the others. I trade for about 90 minutes per day tops, and I have maybe two losing days a month. Happy – you'd better believe it !! Before I found this fantastic trading method I got to learn about web sites, so I've put the details of all this on a site; it's Http://www.FiveTicTrading.Com/FiveTicSalesNew.html You can get a free report giving more details and, if you get really interested there's a course available. So, for now ciao, Matt Sharp Copyright Matt Sharp 2007. You may re-produce this or use it in your web site, news letter or whatever providing the above link stays in place.
You can Afford Your Home with CitiMortgage & Citibank Loan Modification
CitiMortgage, a branch of Citibank responsible for mortgages, has a very appealing, affordable, proactive home lending plan supported by the Treasury Department. CitiMortgage is able to receive government incentive payments when it allows its customers to modify their existing mortgage agreements. This means that if you are having trouble paying your mortgage, there is a way to renegotiate it. This article will tell you how and why you should. Everyone is welcome to apply, even if you have already tried to get a loan modification and been turned down. The government requires that this plan be available to every homeowner if CitiMortgage and Citibank are to be part of this program. If you need this help, now is the time to ask for it. If any one of the following conditions applies to you, you may qualify for a loan modification: 1. Do you live in the home for which you are requesting the loan modification? 2. Did you negotiate your loan before 2009? 3. Is your remaining mortgage debt less than $729.750? 4. Is your current mortgage payment more than 31% of your gross income (this includes all dues, insurance and taxes)? If your answer to any of these questions is yes, you are eligible to apply for an affordable home plan. Note everyone who applies will be approved however. If you can show good reason why you qualify under these requirements, you may be able to have your loan's interest reduced to as low as 2% for as long as 40 years. The reason the government has put this plan into place is to help you get a mortgage you can afford, and this is deemed to be 31% of your income before taxes. Citibank is motivated to help you as they receive money from the Treasury Department for every approved application. Another additional incentive is a payment of $5,000 to homeowners that do not default or fall behind on their newly negotiated mortgage for five years. Before you call Citibank and before you fill out an application, make sure you have everything that is required so there are no glitches in the process. Take the time needed to study the application since the application is vital to your success. Once you know you have everything you need to precede, call Citibank and begin the loan modification process.
Using Stop Loss Orders to Determine When to Enter a
More from this Author at http://www.mytradesignals.com Many people enter into trades with little more than a desire for profit. In Forex we normally use between 50 – 400 to 1 leverage. Because of the large amount of leverage we are able to use, simply hoping for a profit is not enough. Traders need a solid plan before the pull they trigger. When planning any battle, successful generals begin at the retreat and work their way backwards. Traders should do the same. The first and most important decision is when to admit defeat and retreat. Survival to fight another day is more important that going down with the ship. This article proposes that traders take a different approach to figuring out when and where to place their next trade. The approach is simple. Just like the generals, start by figuring out when to get out. This may sound strange, but if you apply this idea to whatever other methods you are using to determine your entry signals, your bottom line should improve. The overall idea is simple, rather than first looking for a good entry point, look for a point where you would want to be stopped out. At this point you are probably saying “who ever wants to get stopped out?” The answer is, not the majority. But let’s look at several statistics for a moment to get some perspective. Depending on who you believe, anywhere between 75-95% of all retail Forex traders blow out their account within one year. So it seems that the 5-25% of traders who are winning are doing something different then the majority who are losing. One of those main differences is not being bothered by getting stopped out. Many new traders complain that they hate trading with stops because they have been stopped out of a trade that almost immediately turned around and would have been a huge winner had they not run the stop. They take that to mean that they should not trade with stops. Trading without some kind of risk management is like playing Russian roulette by yourself, it may not be the next pull of the trigger that kills you, but pull it enough times and sooner or later it’s a sure thing. Trading without risk management is much the same. You may get away with it for a while, but the lesson you are learning will sooner or later prove deadly. There are many forms of risk management, from the extremely complex, like cross hedging with options, to the very simple, such as using stops. The use of stop loss orders is one of the simplest and often most effective way to manage the risks of any given trade. The reason many traders have had a bad experience with using stops is not the fault of the stop itself, but rather the placement of the stop. Most traders get into a trade and then decide where to run a stop, if at all. They often have a fixed dollar amount that they are willing to risk per trade and they then place the stop loss order accordingly. All of this on the surface sounds like a good plan, but in practice it often leads to the scenario mentioned before, where the trade gets stopped out and then the market turns on a dime and goes the way the trader had originally anticipated, leaving them to mistakenly blame the stop. The individual points that led to the stop being placed are not bad in and of themselves, but put together this way, they often lead to the frustration mentioned above. So let us look at these issues from another angle. Rather than getting into a trade and then deciding where to get out, let’s determine the exit point and let that dictate where we get in. To do this you will need a chart. Choose the chart’s time-frame based on how long you intend to hold the trade. If you only hold your trades for a few hours then a 15 or 60 minute chart should be fine. If you are more of a swing trader, then daily or even weekly charts would be best. Currencies tend to trend more than most other markets. However, they do not trend all the time. In fact the opposite is true. Most markets only trend about 30% of the time. The remaining 70% of the time they are trading within a range or chopping. Therefore, learning how to trade the chop is paramount if you want to be a trader for years to come. What follows is a simple yet effective way to trade the chop. Trading the Chop First, start by looking at long term support and resistance zones. Markets tend to have certain zones that they “bounce” off of time and time again before penetrating them. These zones are what you want to look for. Start with weekly or even monthly charts, no matter what time-frame you trade in. This will tell you in an instant whether the market is trending or choppy. Once you determine the underlying market condition, look for significant areas of support and resistance. Finally, move to a daily chart and then to a 60 minute chart. After going through these different time-frames you should be able to find a number of these zones. The best are those that coincide through all the time-frames. That will only happen if the market is at or near relative new highs or lows. When it does happen, though, it is time to sit up and pay attention. However, you do not need to wait for perfect conditions to use this method. You only need a support or resistance zone in whatever time-frame you are comfortable trading. Once you have identified these areas on a chart, you need to look closely and determine where that level would be broken and place your stops accordingly. A move through this level would signify that the market is breaking out from the previously established range. Once you find what the highest high is in the case of a resistance level, or lowest low in the case of a support level, you need to go a certain distance beyond that so you are not stopped out by a move of only one or two pips beyond these levels. There are many ways to determine how much extra distance to give each market. One way that I have used is to simply look for the next closest Fibonacci number. This method is not scientific, but one that has served me well over the years. The Fibonacci sequence is one that was discovered by a mathematician all the way back in 13th century. The sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… For the purposes of using them for stops I normally only use 8, 13, 21, 34, 55, and 89. So if the last two digits of the highest high in a resistance zone had been 25, then you would use either 34 or 55 depending on which particular market it is in. The more volatile, or greater the average true range (ATR), the wider you should go. Once you identify the zone you can then come up with your exact stop point. Look at the daily chart of the USD/JPY and you can see that we have had significant resistance between roughly 121.50 and 122.25. Each time the market has reached this zone it has failed to follow through. There have been three attempts to break out from this zone, each one being lower than the last, forming a descending trend line. This is what you want to look for. Once you identify the zone you can then come up with your exact stop point. Simply find the recent highest high, in this case 121.66, and then find the next closest Fibonacci number (89) and you have your stop (121.89). Determining your entry point Now that you know where you are going to run your stop you can use that to determine your entry point. This is the point where you want determine how much actual money you are willing to risk on the trade. Most money managers will tell you to never invest more than 1% of your account on one trade. That rule really only works for traders using 50k or more. Most traders start with less and therefore are forced to break that rule. Starting with a $5,000 account and only risking 1% would mean that you can only risk $50 per trade, which in some cases is less than the bid/ask spread once you enter the trade, so it is obviously not realistic. But try to keep the amount you risk on any one trade as low as you can. Trading is a long-term endeavor. Do not fall into the trap of thinking that your next trade is “the big one” and you are sure it will work, and therefore put half or even all of your account into it. That is not money management, it is gambling. But let’s say you are comfortable risking $400 on a trade, or 40 pips on a 100k contract. Looking at a Daily chart of the USD/JPY, you can see that the most recent high was 121.66. Using the Fibonacci stop idea you would run your stop at 121.89 because 89 is the next closest Fibonacci number above 66. Now you have your stop well above a significant point of resistance. To calculate your entry point, simply subtract the 40 pips you are willing to risk from your stop point to arrive at 121.59 (121.89 – 40 = 121.59). The next day the market traded up to 121.63 so a limit order at 121.59 should have been filled. Once the order is filled, you can trail your stop with the market or move it to coincide with other support and resistance zones within the range. Your target would be somewhere near the bottom of the range. In this example your target would be a move to 119.50 or below. So let’s review this method. First determine if the current market is trending or chopping. Then look to identify areas of support and or resistance. Next find the highest high in a recent resistance level or the lowest low in a support level. Determine the next closest Fibonacci number and you have your stop point. Then take the amount you are willing to risk per trade and either subtract it from your stop if it is a short trade or add it to your stop if it is a long trade. You now have both your stop and entry points, and you are only risking whatever amount you determined you were comfortable with. Your stop is placed at a level that signifies a change in the recent trend, and therefore is mush less random than most other stops. This method is not to be used exclusively, but it is one that can compliment whatever other indicators or patterns you are using to determine you next trade. This method should help you avoid getting stopped out at insignificant points that have you selling near highs and buying near lows within the established trading range. More from this Author at
How To Build A Profit-Making Website
One of the things I love to do first thing every morning is to check the Internet, to find out how much money I made over the night. Like a fisherman checking on his trap, I am thrilled to see money accumulating in my account while I sleep. The beauty of earning an income from the Internet is that my websites continue make money for me from all parts of the world. I can actually know where the money come from, and how much, and test the pages to continue improving them. Wouldn't you want that too? Before you get the wrong idea, let me clear the air about how I make money from the web. HappyJoblessGuy is NOT about earning money from some online pyramid schemes. It is not about Multi-Level Marketing (even though I have no issue about people earning through MLM). It is not about online forex trading. I am going to show you an honest way of generating income from the web but it's going to involve a degree of hard work from you. For sure, nothing comes easy, and that includes building a machine that makes money online. Do not have your website hosted by PBase, Tripod, Blogger, even though it can be done an hour. If you intend to earn serious, long-time income, that is not the way to do it. You want something that is 100% your own. Once you have your own website (not an account with Blogger, PBase, etc.), you will realise the amount of freedom in your hands. If you were to ask me, what are the tools you need to build a great website, I can count them with the fingers of one hand. You can hire a web programmer to build a whole website for you, bypassing the need to be acquainted with any tool. But to own a really great website, I would urge you to do it yourself. You can't be the captain of your own ship if you can't tell stern from starboard. I have received emails from people asking to give them personal coaching. I am sorry, but I do not have time to do that, even if you're willing to pay me money. In the next five pages of this chapter, I will go through each essential tool one by one. At the end of this chapter I will recap what we have learned. You will realise, if you haven't yet, that earning a living without holding a job requires you to learn skills that you may not have learned before. On the other hand, you may have built many websites, and are wondering what's new that I want to share. Once again, I urge you to be patient as the topics are developed. Now, without further ado, let’s look at the 5 Essential Tools: The first tool you need to build a great website is a HTML Editor. A HTML Editor is a software application to write web pages. There are several brands in the market, including Microsoft Frontpage, Adobe Dreamweaver and so on. Personally I would encourage you not to use Microsoft Frontpage, as it tends to add proprietary codes to your pages, making it difficult to be edited with a different HTML Editor. The one I use is called Homesite, also from Adobe. I learned to write webpages with Homesite. With a HTML Editor, you write the content of your pages by keying in the HTML Codes, and then checking it with the Preview function. If you do not have a HTML Editor presently installed in your computer, I strongly suggest you get one immediately and start fiddling with it. Get used to all the functions. Learn what to click to make the text bold, italics, underlined, etc., how to hyperlink, how to insert picture, and so on. A good HTML Editor does a lot of work for you, so that you can concentrate on putting together a great website. It doesn't matter which one you use, as long as you get familiar with it. The second Essential Tool you need is knowledge of HTML Codes. As mentioned in the previous page, you need to learn coding. To be exact, HTML Codes. HTML Codes are instructions you tell the Internet how you want to format your webpages. The basic HTML codes you need to know are: • Title • Body • Head • Html • Headers (H1, H2, H3, etc.) • Bold • Italic • Underline • Hyperlink • Table In addition to the above, it would do you good to learn how to format size and colour of your font, background, border. More advanced features such as CSS would be helpful too, but are still all together very easy, that even a dummy could learn it (so if you have to, find a book for dummies and learn all about it). The third Essential Tool is a Domain Name. The domain name, also called the hostname or sitename, is the basic name of your website. For example, www.happyjoblessguy.com. As you probably have known, the domain name has an ending such as .com, .net, .org, etc. To use it to earn an income, I would suggest you go for .com. It is the most popular, hence, the most difficult to get. Nonetheless, you should try to get domain names with .com. You probably will not get the first domain name of your choice, and will need to try a few times before landing on one that is still available. This is a very important exercise, so take all the time you need. Registering and keeping a domain name will cost you approximately US$10 per year or even lower. That is peanuts if you can earn the amount back. For now, look for the domain name but don't register it yet. Instead go to Essential Tool #4 to read about Web hosting. The fourth Essential Tool is Web hosting. To get web hosting means you rent space on a server that will host your website. You do not need to purchase a server - you don't even need to know how a server works. All you need to know is that you need to host your website on it. The Webhost provides you the space and the interface for you to manage your website. Think of web hosting as a safe deposit box, and the domain name as the safe deposit box number. When you register for web hosting, you are buying space in a safe deposit box. The amount you pay should determine the amount of space you need. For that reason, the web hosting fee is directly related to the amount of space you purchase. The safe deposit box number remains the same, regardless the amount of space you use. In a similar sense, the fee for domain name is fixed regardless the amount of content you have on the web. When you start your website, the amount of space you need will most likely be pretty low, less than 1GB, so do not pay for a lot of space that you are not going to use. You can always buy more space as your needs grow. If you pay for 5GB per year, and throughout the course of that year, you never use more than 1GB, then the balance 4GB is money wasted. The fifth and final Essential Tool you need to build a great website is an FTP Software. An FTP Software is an application that enables you to transfer data from your computer to your website on the Internet, and vice versa. There are many other ways to do it, including using an online interface provided by your webhost, but usually, using an FTP Software is the swiftest way. The FTP Software allows you to upload new pages to your website as well as update existing pages. The FTP Software that I use is called WS FTP, which stands for WinSock File Transfer Protocol. To download it, google "Free FTP Download" to see what comes up. In the next chapter, we will look at Building a Profit-Making Website. As of now, I want you to be familiar with the five Essential Tools in this chapter. Please go ahead and register your web hosting and obtain your domain name, but once again, let me urge you to give the domain name a good thinking through before decided which. If you choose a wrong one at the beginning stage, fine, it only costs another US$10 or so to register another. But you need to make sure it is a domain name you want to own for years and years to come. Who knows, one day you may even sell that domain and the whole web business for $1 million? So, choose carefully. For more topics on how to earn a living without holding a job, go to http://www.happyjoblessguy.com/
The Two Worst Things That Could Happen With A Business Loan
It is important to have an understanding of what can go wrong with a business loan. The focus of this article is on two situations that will have the most severe financial consequences. A loan disapproval at an early point in the application process is not included here because it is not likely to have the immediate financial consequences of the examples provided below. Business owners should be prepared in advance for these problematic circumstances so that they can develop contingency plans. RECALL OF A COMMERCIAL LOAN Recall provisions allow the lender to call the loan (forcing the borrower to repay early) prior to the expiration of the loan. This issue is not of concern to commercial borrowers whose business loan does not contain provisions permitting the lender to recall the loan. However many traditional commercial lenders routinely place recall clauses in their loan agreements. The conditions which can trigger a recall will vary but will commonly include periodic review of financials and credit history by the lender. Under these circumstances if agreed levels of income and credit standards are not met, then the bank will typically notify the commercial borrower that they must pay off the loan within a 30-90 day period. When confronted with a recall notification, commercial borrowers will have little recourse other than to seek refinancing from another lender. In seeking alternative sources of commercial financing, prudent borrowers will eliminate potential lenders who will impose similar recall provisions in new financing. To avoid the recall situation in the first place, commercial borrowers would be wise to consider only commercial loans which will not have recall terms. For commercial borrowers who currently have recall provisions in their commercial financing agreement but have not yet received a recall of their loan, it will be equally wise to consider refinancing their business loan before such a recall occurs so that refinancing is accomplished according to the commercial borrower’s timetable and not that of the current commercial lender. COMMERCIAL PROPERTY APPRAISAL COSTS AND RESULTS The commercial appraisal process is lengthy, expensive and relatively uncontrollable in terms of results. In many cases one of the unknowns is how much the appraisal will cost. Unfortunately commercial mortgage appraisal costs can be unpredictable and will approach what many borrowers view to be excessive for specialized commercial properties such as assisted living facilities. Appraisals for a stated income loan will usually be more costly because the lender is primarily depending on credit scores and a sound appraisal to support the loan. These appraisal situations will cost more for commercial properties in rural areas because qualified appraisers may not be available locally. The timetable for completing an appraisal is another potential source of problems, and until the appraiser is selected and commits to a schedule, the completion date is not likely to be known with any degree of accuracy (and this can result in a longer processing period for the loan). Even though cost and schedule are critical issues, an even bigger issue is the appraisal value that is provided by the appraisal. For example, I have seen instances in which a commercial borrower thought their property was worth $500,000 but the commercial appraiser selected by the lender produced an appraisal with a value of $285,000. While this is not a routine outcome, it is certainly not unusual to receive an appraisal that produces a value that is less than the commercial borrower expects. A similar (but avoidable) problem occurs when a commercial appraisal is not accepted by the lender because the appraiser did not provide an appraisal meeting basic guidelines. For example, a key element of a commercial appraisal is the valuation based on analysis of income. If an appraiser chooses to submit an appraisal based only on comparable sales data even though the lender stipulated in the engagement letter that an income appraisal is required, then the lender will not accept the appraisal (and is likely to refuse even a modified report from the appraiser when they violate such a basic appraisal requirement). It is important to have an understanding of how the appraiser will be asked to determine value as well as to realize that there might be significant assets which will not even be included in the value. Items such as equipment and furniture are frequently excluded, especially in commercial real estate loans. For businesses such as funeral homes and assisted living facilities, it is very common for the overall business value to be much higher than the real estate value. But an appraisal based on the real estate value will nevertheless exclude the excess business value from the commercial real estate value. What contingency plans are advisable for the appraisal process? First, be prepared for the appraisal to be more expensive than initially expected and ensure that funds are available to cover this possibility. Second, be prepared for the appraisal to take longer than expected. If buying a business property, the buyer should discuss this possibility in advance with the seller. If refinancing, the owner should not make plans for spending funds until the appraisal has been finalized and the lender indicates their readiness to close the loan. Third, consider in advance what action to take if the appraisal produces a lower value than expected. Fourth, decide if an additional appraisal is warranted (this possibility needs to be considered especially for the situation in which the appraisal is not accepted by the lender). The purpose of this article was to focus on business loan problems with immediate financial consequences. There are a multitude of other serious commercial loan problems which borrowers should have a similar awareness of in order to avoid unnecessary complications. Commercial borrowers should visit http://aexcommercialfinancing.com/ and http://steve.bush.googlepages.com/home for an overview of strategies for avoiding commercial financing problems. Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved.
Finding Reliable Forex Signals
You guys know how hard it's to find a reliable forex signals and most of the forex signals services are very expensive ranging from $199 to $500 per month. And worse of all, there's no guarantee of this.
To find a good service, you must make sure that you get their free trial before you really subscribe to the service. 1 to 2 weeks is good enought to prove that whether they are reliable or not.
You want to find a forex signals service just because you don't have time or you don't have a good skills in trading forex. I understand your felling and that's why I've created a blog for people who want to get the free forex signals.
But I have day job as well. I don't post forex signals every day but if you can catch some, you got your money into the bank! :)
By that, I wish you to have a good trading in forex world!
Take care and God bless
Find Your Futures Trading Blood Type
Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets। What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different "blood types" of those traders with their correct "trading diets." Clearly, we're not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it's not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader's capital, experience, risk profile and schedule. Discovering Your Blood Type and Trading Diet Just like a diet, where there is no right plan for everyone, in trading there is no single plan for all traders. Before deciding whether to "cut out the carbs," "add more fiber," or simply avoid certain markets, do some self-assessment, starting with personality. For example, are you hesitant or impulsive? Patient or short-tempered? Identify strengths and weaknesses, and then let someone close to you help pinpoint those personality pros and cons. Have a tough skin; it's for your own good. To further understand your personality, keep a trading journal to help zone in on specific traits and how they affect your trading. Remember, understanding your personality is one thing; understanding it when you're trading is another. While patience with children is good, patience with a losing trade is not. A journal enables traders to review winning and losing trades and identify factors that aided in success or contributed to failure. After reviewing inner traits, don't forget to review the outer ones—your schedule and risk capital. Think long and hard about how much you have available in terms of time and risk capital when it comes to trading, and don't delude yourself. In addition, look at how you are using your time and risk capital. Go over the market(s) you are trading, the style of trading and time frames you are using. Is this market, this style and this time frame suitable to your risk capital and personal schedule? Are they suitable to your personality? Doing some self-assessment is absolutely essential to determining what type of trading diet you should be on, as the examples later will make clear. But first let's define the trading blood types and their respective diets. Blood Types and Trading Diets No A-positive or universal donor types are necessary here. Instead, for our purposes, let's classify types by using NT, PT, DT and ST. NT. Is trading suitable for you at all? That is the question. Trading require a desire to take risks and, of course, the ability to afford to take them. These simple suitability questions must be firmly answered in the affirmative before anyone can consider taking the plunge. Those who have little desire for risk, have little risk capital to spare (and completely disposable income at that) and little time to devote to this very challenging exploit are classified as blood type NT (No Trading). The right diet is no trading at all. No carbs, no cals, no fiber, no fat. Nada. PT. Those who are either gun-shy or trigger happy would be classified as blood type PT (Position Trading). With what kind of regime, you ask? Clearly this type requires a rule-based diet. To develop those rules first and foremost means doing some homework after market hours. Once these rules are in place, test any possible trade idea against those guidelines because each trade must pass this test before Mr. or Ms. PT enters the trade. This is the time to plan a trade from start to finish, visualizing a few different scenarios with a possible action plan. It may also be the time to employ the assistance of a full-service broker. His or her job should be to help implement the rules that will keep the trigger-happy trader from going nuts or help the trader with a fear of pulling the trigger to take the right kinds of actions. DT. Some traders simply cannot take any positions home with them. It hurts the quality of their "after-trading-hours life" and makes them uncomfortable. Most of them also are impatient by nature and tend to over trade. They feel a need to be in the market at all times because they are scared of missing a good trade and scared of losing too much. This blood type is classified as DT (Day Trading). Patience, discipline and strategy are the main diet ingredients for this group, but certainly not exclusive to it. Setting daily loss limits is a must, and a daily trading journal will help them quite a bit. The correct training cycle for successful day trading involves education, planning, routine, survival and getting to the point where a trader finds the set ups with which he is both most comfortable and can produce high success rates. A note here: More often than not, the biggest obstacle DTs face is the patience for such a set up; they feel they are not working if they are not trading, because they are day traders. This is one mentally crippling thought they must get over to survive. Being a day trader does not mean that the individual must be in the market with frequency — only that he must be flat at the end of the session so as not to take his position(s) home with him. ST. Then there are traders who try to go with the flow of the market and take small to medium bites out of market ranges or, perhaps, trade ranging markets between different support and resistance levels. Many will do it well for a period of time until they are almost married to it and get stuck with a loser. Let's classify this group as blood type ST (Swing Trading). The biggest problem most swing traders have is the ability to take losses. Too many traders — even those who generally are good, consistent traders — fail by carrying one big loser one too many times. Is this stubbornness, the inability to admit making a wrong move(s), simply a case of hoping instead of trading? Those who have walked in these shoes know who they are and should be ready for the ST diet — placing stops and understanding that even the best of traders have more losers than winners. The math is very simple. Because many markets will trade sideways, there are times when both longs and shorts will come out losers. Some trades simply don't work. The bottom line is that the total of a person's winning trades should outnumber losing trades. How Two Traders Changed Their Diets The following two examples, which combine traits of various clients with whom I've worked over the years, point out some of the considerations of which traders must be mindful as they try to figure out what trading diet is most appropriate. The names have been changed to protect both the "innocent" and the "guilty." Example #1. Karen was one of my first clients. A smart and outgoing woman, she worked in the human resources department for a large company. During her first two years, she had some winning trades but, overall, her account was down. Karen juggled a busy schedule everyday. She had numerous meetings and often traveled, yet she insisted on day trading stock index futures. I tried to direct her into a different approach, but she resisted. My advice did not sink in until she hit a period during which all of her trades were going against her, and she was facing a margin call. When I spoke with Karen, her normally self-assured demeanor had changed. She was scared. She was no longer looking forward to the next trading day. After losing most of her money, Karen struggled to make a trading decision. The once confident, outgoing and independent trader was now grasping for outside advice from a variety of newsletters and other resources. She was desperate. On the morning after a long holiday weekend, Karen called me and with a steady, confident voice, placed orders to get herself out of all of her positions. Over the weekend, she had read a book or two and had some conversations with her husband. It's hard to determine which of these produced the "epiphany," but she now wanted to try a different approach — one of a longer-term nature (PT). After careful reflection, Karen recognized that she was at times impulsive, stubborn and simply not realistic (not good for a DT). Even though she clearly could not devote the time necessary to be a day trader with her current work schedule and mentality, she realized that her routine and dedication must change completely no matter what the trading time frame. She was now dedicating 30 minutes during the day and/or evening to go over the markets. She adjusted her trading size to fit a longer-term approach but, most importantly, she had a plan, and that plan fit her schedule. She no longer had to make decisions in the heat of the moment. She started looking for longer-term trends that did not require hour-to-hour decision making. Doing some self-assessment is absolutely essential to determining what type of trading diet you should be on, as the examples later will make clear. But first let's define the trading blood types and their respective diets. Karen finally understood how to successfully incorporate trading into her life while having another demanding career. Her account has grown over the last two years through the changes she implemented in her routine, behavior and trading style. Example #2. John started trading about four years ago. He seemed an agreeable enough person, but very business-like with no time for chit-chat. He wanted to trade online from the start because he had plenty of stock trading experience. John lived on the West Coast and was a real estate agent who did pretty well in the dot com bull market trading stocks until the market met its maker. Confident, willing to learn and fairly disciplined, he was trading with $25,000 of pure risk capital, adequate for a first-time futures trader. Days went by and every morning as I was going over my clients' daily statements, I noticed that John was trading coffee. Not only was he trading coffee, but he was sometimes day trading coffee. I let him know that I would be pleased to talk with him about various markets if he wanted. He would call once in a while checking on fills and asking about different reports. A few weeks down the road, John called and mentioned he would be in the L.A. area and would like to meet for lunch. During lunch, he mentioned his frustration over recent losses when trading futures. At this point, his account was down to about $14,000 over a six-month period. I asked him why he was attempting to day trade coffee, and he said his brother-in-law was a coffee importer/exporter, and he thought that it would help him. The coffee market was open from 6:15 a.m. to 9:30 a.m. PST, which perfectly suited his work schedule, but as I found out later, not his personality. I asked him to start writing a trading journal, which allowed him to look back objectively and find patterns in behavior that both helped him and hindered him. John's journal revealed that he was frustrated with the slow fills of the open-outcry coffee market, and so he was quick to get out of winning trades and too slow getting out of his losers. He was trigger happy and at times traded larger positions than he should have. I suggested that we change his "trading diet" around a bit and introduced him to the U.S. Treasury bond and the E-Mini stock index futures; both trade electronically and provide instant fills. These markets were perfect both for his schedule and personality. I felt that these were good markets for both day trading and swing trading and recommended a few concepts in money management and trade management. The first was the maximum daily loss that he should set and place in a visible way as a reminder. The second was the setting of a daily profit target. Though it was somewhat hard to implement, if he could walk away when he was down to his maximum daily loss or when he reached his daily profit target, he would last much longer as a trader. It also would give him a better chance of succeeding down the road — in other words, smaller steps down that longer road. John is still down in his account, but he is making progress. Here are a few tips that have helped him: Instead of buying and selling five contracts at a time and "starting and finishing" the trade this way, he now gets into his trades in multiples of three. In the past, John simply would buy five contracts when he thought he needed to go long and sell five when he felt he needed to take profits or cut his losses. When John gets into a trade these days (let's say in a long position), he will buy six contracts and place a stop loss on all six. Initially, he looks for a small profit on the first two contracts. (It helps him mentally to know "I took a profit on this trade.") He then raises his stop loss and changes it to a four lot. He looks for a second profit target for two more contracts based on his support and resistance levels. If that profit level is reached, he can get "greedy" with the last two contracts. In essence, he now knows how to manage his trades in a way that increases his profitability. And, further, and perhaps as importantly (based on his personality), he does not feel like he is missing out on big moves if they happen, and he still locks in small profits when they present themselves by using the first and second targets. Be Realistic Succeeding in futures trading takes hard work and time, and new traders need to be realistic and introspective right from the start. This is no time to devote anything but risk capital. Beginners should start small, allowing periodic checks to learn from mistakes, and from successes. Just like anything else in life, from diet and exercise to business and career choice, one size does not fit all. Before anyone can succeed in trading, he or she must spend time doing homework, as well as ascertain personal strengths and weaknesses, schedule, risk capital and trading experience/ knowledge. Only with those in place, can traders choose the trading diet that will work for their blood type.
About The Author
Ilan Levy-Mayer is currently a senior commodity broker and the Vice President of Cannon Trading Company. Cannon is among many introducing brokerage firms and is considered a leader in providing futures trading, forex trading, and option trading services since 1988. Ilan helped pioneer online trading for today's industry that allows traders from all across the world to partake in. Ilan started out as a professional basketball player in Israel where he played for 5 years until he suffered from a major knee injury. Ilan could no longer play Basketball at his full potential after undergoing knee surgery so he decided to go back to college. He received his MBA in Finance and Marketing from the Hebrew University of Jerusalem. After about a year of working in real estate he started a new job as an Institutional Account Executive in a start-up internet company that led him to the United States. As the V.P. of Cannon Trading Co., Ilan wrote several articles about trading and the trading psychology as well as being quoted a number of times in different publications in magazines such as: SFO (Stocks Futures & Options), Futures and "Bloomberg" just to name a few.
Learn Currency Trade - Intro to The FOREX Market
by: Anna Rowe
The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies.
It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.
The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange.
There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots.
Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.
There are many advantages to trading in FOREX, including:
- Liquidity: Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.
- Accessibility: The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.
- Open Market: Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time – there can be no 'insider trading' in FOREX.
- No commission Fees: Brokers earn money by setting a 'spread' – the difference between what a currency can be bought at and what it can be sold at.
How does the foreign currency exchange market work?
Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.
The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction.
At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss.
The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies.
It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.
The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange.
There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots.
Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.
There are many advantages to trading in FOREX, including:
- Liquidity: Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.
- Accessibility: The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.
- Open Market: Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time – there can be no 'insider trading' in FOREX.
- No commission Fees: Brokers earn money by setting a 'spread' – the difference between what a currency can be bought at and what it can be sold at.
How does the foreign currency exchange market work?
Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.
The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction.
At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss.
What Is Forex Trading?
by: David Morrison
Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. However recent technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade.
The currencies of the world are on a floating exchange rate, and they are always traded in pairs. About 85 percent of all daily transactions involve trading of the major currencies. Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar (EUR/USD), US dollar against Japanese yen (USD/JPY), British pound against US dollar (GBP/USD) and US dollar against Swiss franc (USD/CHF).
If you think one currency will appreciate against another, you may exchange that second currency for the first one and be able to “stay” in it. If everything goes as you plan it, eventually you may be able to make the opposite deal in that you may exchange this first currency back for that other and then collect profits from it. As a note bear in mind that no dividends are paid on currencies.
Transactions on the FOREX market are performed by dealers at major banks or FOREX brokerage companies. FOREX is a necessary part of the worldwide market, so when you are sleeping in the comfort of your bed, the dealers in Europe are trading currencies with their Japanese counterparts. Therefore, the FOREX market is active 24 hours a day and dealers at major institutions are working 24/7 in three different shifts. Clients may place take-profit and stop-loss orders with brokers for overnight execution. Price movements on the FOREX market are very smooth and without the gaps that you face almost every morning on the stock market. The daily turnover on the FOREX market is somewhere around $1.2 trillion, so a new investor can enter and exit positions without any problems.
The fact is that the FOREX market never stops; even on September 11, 2001 you could still get your hands on two-side quotes on currencies. The currency market is the largest and oldest financial market in the world. It is also called the foreign exchange market or FX market for short. It is the biggest and most liquid market in the world, and it is traded mostly through the 24 hour-a-day inter-bank currency market.
When you compare them, you will see that the currency futures market is only one per cent as big. Unlike the futures and stock markets, trading currencies is not centered on an exchange. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. it is truly a full circle trading game. In the past, the forex inter-bank market was not available to small speculators because of the large minimum transaction sizes and strict financial requirements. Banks, major currency dealers and sometimes even very large speculator were the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates.
Today, foreign exchange market brokers are able to break down the larger sized inter-bank units, and offer small traders like you and me the opportunity to buy or sell any number of these smaller units. These brokers give any size trader, including individual speculators or smaller companies, the option to trade at the same rates and price movements as the big players who once dominated the market
Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. However recent technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade.
The currencies of the world are on a floating exchange rate, and they are always traded in pairs. About 85 percent of all daily transactions involve trading of the major currencies. Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar (EUR/USD), US dollar against Japanese yen (USD/JPY), British pound against US dollar (GBP/USD) and US dollar against Swiss franc (USD/CHF).
If you think one currency will appreciate against another, you may exchange that second currency for the first one and be able to “stay” in it. If everything goes as you plan it, eventually you may be able to make the opposite deal in that you may exchange this first currency back for that other and then collect profits from it. As a note bear in mind that no dividends are paid on currencies.
Transactions on the FOREX market are performed by dealers at major banks or FOREX brokerage companies. FOREX is a necessary part of the worldwide market, so when you are sleeping in the comfort of your bed, the dealers in Europe are trading currencies with their Japanese counterparts. Therefore, the FOREX market is active 24 hours a day and dealers at major institutions are working 24/7 in three different shifts. Clients may place take-profit and stop-loss orders with brokers for overnight execution. Price movements on the FOREX market are very smooth and without the gaps that you face almost every morning on the stock market. The daily turnover on the FOREX market is somewhere around $1.2 trillion, so a new investor can enter and exit positions without any problems.
The fact is that the FOREX market never stops; even on September 11, 2001 you could still get your hands on two-side quotes on currencies. The currency market is the largest and oldest financial market in the world. It is also called the foreign exchange market or FX market for short. It is the biggest and most liquid market in the world, and it is traded mostly through the 24 hour-a-day inter-bank currency market.
When you compare them, you will see that the currency futures market is only one per cent as big. Unlike the futures and stock markets, trading currencies is not centered on an exchange. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. it is truly a full circle trading game. In the past, the forex inter-bank market was not available to small speculators because of the large minimum transaction sizes and strict financial requirements. Banks, major currency dealers and sometimes even very large speculator were the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates.
Today, foreign exchange market brokers are able to break down the larger sized inter-bank units, and offer small traders like you and me the opportunity to buy or sell any number of these smaller units. These brokers give any size trader, including individual speculators or smaller companies, the option to trade at the same rates and price movements as the big players who once dominated the market
Forex Online Trading And You
by: John H, Anderson
Just how do you figure into the whole equation of Forex online trading? It has been picking up of late and wherever you turn, there is always an ad or a bulletin reminding you of how good this venture is and how much money you can make. First of all, you need to sift through the hype and on the internet, there is plenty of it to go through. Financial companies spring up at a rate of one a day and this means that by the end of the year, there will be over 300 new ones as compared to the few thousand that is already available on the internet. Depending on the region that you are in, you may have access to a few hundred or maybe even more. People in the United States and Europe especially have almost unlimited choice when it comes to choosing an online brokerage to get them started on their journey towards the currency market. What you need to understand that many of these ‘new’ companies are either umbrella satellite corporations set up by big financial firms (which is a good thing) or they are set up by financial experts or independent brokers. On the other side of the coin, a large chunk of these sites are also set up by retail investors who are trying to carve out another niche for themselves and this is where it gets a little tricky. You cannot just be jumping on the first bandwagon lacquered in gold. There is a lot of sensationalism in sales copy that you have to avoid. There is no such thing as turning you into a Forex millionaire within the space of a day – only if you have $999,999 and make a dollar in a single investing day. There is just no way anyone can promise you that and this is because of the vastness of the Forex market and just how much information there is. Seasoned investors who have been at it a long time – have been at it a long time and there is no quick fix to a route to a million dollars. If that was the case, why are these brokers even offering you their services. Why give up that secret when they could be handily making a few million a year and retire before they turn thirty. You must be discerning and you must be selective. Go with the big names and the trusted sources; sure you have to pay a little more, but you know you are getting quality and you know your money is in trusted hands. For a beginner, I would never suggest you try something like swap trading, day trading or even advanced tactics like hedging first. Go slow and get a feel for the market; in fact, sign yourself up for a simulated dummy account and try your hand at the market without any of the risk involved. Forex online trading can be a maze misinformation and dead-ends – it is up to you to avoid them
Just how do you figure into the whole equation of Forex online trading? It has been picking up of late and wherever you turn, there is always an ad or a bulletin reminding you of how good this venture is and how much money you can make. First of all, you need to sift through the hype and on the internet, there is plenty of it to go through. Financial companies spring up at a rate of one a day and this means that by the end of the year, there will be over 300 new ones as compared to the few thousand that is already available on the internet. Depending on the region that you are in, you may have access to a few hundred or maybe even more. People in the United States and Europe especially have almost unlimited choice when it comes to choosing an online brokerage to get them started on their journey towards the currency market. What you need to understand that many of these ‘new’ companies are either umbrella satellite corporations set up by big financial firms (which is a good thing) or they are set up by financial experts or independent brokers. On the other side of the coin, a large chunk of these sites are also set up by retail investors who are trying to carve out another niche for themselves and this is where it gets a little tricky. You cannot just be jumping on the first bandwagon lacquered in gold. There is a lot of sensationalism in sales copy that you have to avoid. There is no such thing as turning you into a Forex millionaire within the space of a day – only if you have $999,999 and make a dollar in a single investing day. There is just no way anyone can promise you that and this is because of the vastness of the Forex market and just how much information there is. Seasoned investors who have been at it a long time – have been at it a long time and there is no quick fix to a route to a million dollars. If that was the case, why are these brokers even offering you their services. Why give up that secret when they could be handily making a few million a year and retire before they turn thirty. You must be discerning and you must be selective. Go with the big names and the trusted sources; sure you have to pay a little more, but you know you are getting quality and you know your money is in trusted hands. For a beginner, I would never suggest you try something like swap trading, day trading or even advanced tactics like hedging first. Go slow and get a feel for the market; in fact, sign yourself up for a simulated dummy account and try your hand at the market without any of the risk involved. Forex online trading can be a maze misinformation and dead-ends – it is up to you to avoid them
FX Trading Software � Your Key to Unlock Your Trading Success
Whenever we talk about ways or methods to make money in forex trading, often people tend to overlook a very powerful tool called Forex or Fx trading software. Neglecting the need for this fx trading software is unfortunate as it can be just what you need to get yourself in a comfortable financial position.The Opportunitity�As such, the unfavorable current economy is making a great number of people searching frantically for ways to invest their money. As much as its well-known volatility, foreign currency market has consistently been an alternative place traders invest their money and is extremely lucrative. The more volatile the market is the higher chances big opportunities lie in there.Every day, the values of foreign currencies fluctuate due to inflation rates and various factors affecting it. A classic case is with the devaluing of US Dollars over the past couple of years. Foreign currencies trading market provides a common place where investors can purchase large quantities of foreign currencies when deflation hits. The same investors then strive to sell those transactions when they become inflated and by completing this process they would become extremely wealthy.The Great Advantage for Newbie Traders�While this seems like a risky investment to many, it also creates a wide possibility for economic growth. But on those who have the great expertise on forex trading can accurately predict when to buy and when to sell a particular currency. Those who do not have equivalent trading skills are at a big disadvantage of failing. This is unless they seek the assistance of Fx trading software for trading guides.
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What Forex Trading Software Does�Knowing what a Fx trading software does is important. It is usually designed by expert forex traders who have come up with a set of proven algorithms and strategies to predict the current market trends during trading hours.By using this software especially when you do not have the necessary trading experience, it sets you on the competitive edge together with the rest of the professional traders. You can bet that relying on the forex trading software is equivalent to acquiring the skills of those top traders, where it helps you to make money immediately.How It Works?There are 2 types of software in the market. One is providing you the trading signals ready for you to execute trades, while the other automatically trades for you. It is quite obvious that the automated forex trading software are the ones with more popular demands. With this, you just need to set the software up to your computer and leave it to do automatic trading for you.Find out more about this voted fx trading software and how it consistently outperform each trade with 95.9% winning trade on a Live Trading Account in 9 years! Get the same result using forex trading software online at ForexOnlineSoftwareTrading.com
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What Forex Trading Software Does�Knowing what a Fx trading software does is important. It is usually designed by expert forex traders who have come up with a set of proven algorithms and strategies to predict the current market trends during trading hours.By using this software especially when you do not have the necessary trading experience, it sets you on the competitive edge together with the rest of the professional traders. You can bet that relying on the forex trading software is equivalent to acquiring the skills of those top traders, where it helps you to make money immediately.How It Works?There are 2 types of software in the market. One is providing you the trading signals ready for you to execute trades, while the other automatically trades for you. It is quite obvious that the automated forex trading software are the ones with more popular demands. With this, you just need to set the software up to your computer and leave it to do automatic trading for you.Find out more about this voted fx trading software and how it consistently outperform each trade with 95.9% winning trade on a Live Trading Account in 9 years! Get the same result using forex trading software online at ForexOnlineSoftwareTrading.com
Automatic Forex Trading Software - Proven Profits Maker
Are you frustrated of not really making money online and not having debt-free money to spend every day for whatever you desire, right? You want to take your share of the vast amount of the Forex Market by using an automatic forex trading software, correct? Maybe you want the professional shortchut to gest the best automatic forex trading software for you and you don't want to count dollar by dollar if you can realize your dreams or not. Am I on the right page, here?The big picture is: Forex market is the place where money of one land is traded for money of another land. These trades happen 24/5 from Monday to Friday with transactions of $3 trillion every single day! This is really huge and by far the most profitable economic market in this world... without all the risks of stocks and bonds.An automatic Forex trading software will permit you to earn a 4 or 5 digit a month in your very first month and make a bundle from the Forex market even if you are a beginner.During period of recession, automatic Forex trading software should focus on small movements in the forex system. The robot places «sell» orders as well and capitalize on falling market movements. Here's the deal: you profit in every market condition with a minimum risk and an amazing 90%-95% of winning trades.And when I say you profit, I mean you start making money today not 3 months from now. Here are various results you can achieve, and who was achieved by beginners, as you will see in details later: $500 Turning Into $1,100- in 2 Short Months, $2,500 Turning Into $8,700 in 45 Days, $5,100 Turning Into $25,100 in 30 Days.
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This tip is reallyamazing, isn'it?The automatic Forex system is by far the easiest tool to make money online because it’s truly automatic. You don’t have to open a brick and mortar, invest in furnitures, and create a big mailing list from zero or sending tons of emails to unknown people. Easy money, Trust me.You know it's really simple, here are the steps to follow:Install the forex program on you computer in under 5 minutes with no special parameter to enter. You just have to click your mouse, fire it up, go to have some rest or sleep and collect cash the day after.It’s really like this and you won't miss any single profitable trade because the forex software and your computer do everything.This is a very rare opportunity for you to experience what others will just dream about “be a secret hero of the Forex market” without efforts even if it’s only a 4 or 5 digits a month. I hope you are able to take advantage of this trusted review: my top 3 automatic Forex trading software to create your secondary or primary income source that is consistent as you will see on this reliable online resource at http://www.best-forex-trading-software.info/
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This tip is reallyamazing, isn'it?The automatic Forex system is by far the easiest tool to make money online because it’s truly automatic. You don’t have to open a brick and mortar, invest in furnitures, and create a big mailing list from zero or sending tons of emails to unknown people. Easy money, Trust me.You know it's really simple, here are the steps to follow:Install the forex program on you computer in under 5 minutes with no special parameter to enter. You just have to click your mouse, fire it up, go to have some rest or sleep and collect cash the day after.It’s really like this and you won't miss any single profitable trade because the forex software and your computer do everything.This is a very rare opportunity for you to experience what others will just dream about “be a secret hero of the Forex market” without efforts even if it’s only a 4 or 5 digits a month. I hope you are able to take advantage of this trusted review: my top 3 automatic Forex trading software to create your secondary or primary income source that is consistent as you will see on this reliable online resource at http://www.best-forex-trading-software.info/
Forex trading, what the build up is all with reference to
trading is all about making lofty money. A number of investors have found it quite straightforward to produce a generous amount of money as the forex marketplace changes day after day. Forex, is the foreign exchange marketplace. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a adviser or a pecuniary establishment often where you are able to pay for other types of stocks, bonds and funds. When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done tobuttressp up the investments of citizens involved in particular types of hedge funds, and in the markets overseas. The forexmarketplacet could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your adviser or financial institution. When understanding your statements and learning more about your account, you will discover that each type of currency has three letters that will be a symbol of that currency. For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account record you will find out information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.
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Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the a large amount for your hard earned money. It is imperative that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection. If you are interested in trading on the forex market, you will find limits for investing are distinctive from company to company. Often times you will gather that you need a bare minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to start an account with their company. The scams that are online will tell you, that you simply need a $1 or $5 to open an account, but you need to gather more with reference to that company and where they are doing business previous to investing any money, this is for your own protection while dealing in forex trading and markets online
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Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the a large amount for your hard earned money. It is imperative that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection. If you are interested in trading on the forex market, you will find limits for investing are distinctive from company to company. Often times you will gather that you need a bare minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to start an account with their company. The scams that are online will tell you, that you simply need a $1 or $5 to open an account, but you need to gather more with reference to that company and where they are doing business previous to investing any money, this is for your own protection while dealing in forex trading and markets online
3 Criteria The Best Forex Trading Software You Should Have
Using the best forex trading software can effectively set you on a competitive advantage when trading in forex market with other professional players. With the right kind and reliable forex trading software will help you speed up your money making path. The best part of using forex software to trade is that it is simple, easy to use and will require little effort of yours to generate substantial amount of revenue. There should be no one out there incapable of using such software with ease. And it is shocking to learn that many people are still unaware of such method to reap the rewards of trading foreign currencies online. To find the best forex trading software out there, it needs to fit into these 3 criterias.1. It should be easy to set upThis is applicable to any kind of software out there. The term "software" itself should serve the purpose of making life simplier for you, not the other way round. The same goes to the process of setting up software. You want to ensure that the steps are as simplified as possible to follow. You do not wish to be drowned in the process of figuring out how to get the forex software up even before you get to test the efficiency of it on trading.2. It should do automatic trades for youYou should get forex softwares that are able to do automatic trades for you. What this kind of software does is enable you to simple install them and leave it. In this manner, you are able to enjoy totally hands-off trades.But on one condition, that is your computer must be on 24 hours a day. If you are worried that your home internet connection is unstable, you may opt to get a virtual hosting accessing a network of computers.
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This service is specially set 24/7 for forex traders. You will get your personal private login details. This way you do not need to constantly check your computer.3. It should deliver resultsOf course, success stories are important. You want to ensure that the software has certain credibility and has proven results.However this involves a lot more different factors. One of them is finding the right brokerage firm. Although there are much debate on whether this plays a significant role, nonetheless you want to make sure your forex brokers are dependable and they do not charge you too large spreads for your trades.Another crucial factor is your funding capital. Eventhough you may find various brokers that accept minimum funding of US$250-US$5000 depending on your account type, you will soon realize that with too small of a capital your trading profits are quite limited and it takes time to accumulate.Final Note�Hence, do your research and get the best forex trading software that in easy to set up, execute automated trades and should deliver profits for you. Also, ensure you have a good sum of trading capital to fully maximize the leverage from using forex software to trade. Of course, always remember the old trading rule "To only trade with the amount you can afford to loose".Compare for yourself which of these fit the best forex trading software you should have. Learn the complete pros and cons of these forex online software trading at ForexOnlineSoftwareTrading.com
This article is free for republishing
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This service is specially set 24/7 for forex traders. You will get your personal private login details. This way you do not need to constantly check your computer.3. It should deliver resultsOf course, success stories are important. You want to ensure that the software has certain credibility and has proven results.However this involves a lot more different factors. One of them is finding the right brokerage firm. Although there are much debate on whether this plays a significant role, nonetheless you want to make sure your forex brokers are dependable and they do not charge you too large spreads for your trades.Another crucial factor is your funding capital. Eventhough you may find various brokers that accept minimum funding of US$250-US$5000 depending on your account type, you will soon realize that with too small of a capital your trading profits are quite limited and it takes time to accumulate.Final Note�Hence, do your research and get the best forex trading software that in easy to set up, execute automated trades and should deliver profits for you. Also, ensure you have a good sum of trading capital to fully maximize the leverage from using forex software to trade. Of course, always remember the old trading rule "To only trade with the amount you can afford to loose".Compare for yourself which of these fit the best forex trading software you should have. Learn the complete pros and cons of these forex online software trading at ForexOnlineSoftwareTrading.com
This article is free for republishing
Margin Account Forex Online Trading
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You could open a margin account forex online trading and make a profit. Although on the face of it looks lucrative as there are chances of high profits, there are chances of high losses as well. It works like this. With an increased chance of profit, you are also prone to risk of losses.You could face a situation in forex trading where you may have to watch in wretched awe your entire margin being wiped away. The primary checks and balances that the trader would have to resort to are ensuring that the margin remains intact.Volatility is the basic characteristic of forex trading and currencies move either way so fast that you may not get enough time to arrest the plunging down of your margin money.If your leverage stands at say a 100:1 and your margin money is $1000, you have a potential of trading on a $100 000 lots, which is huge money by any standards. But you had risked just $1000.A small swing in the negative direction of 1% could wipe away your margin making it necessary for you to start once again with a fresh margin. It doesn�t take much time to win or lose in forex as movements happen with lightning speed.It is natural for any forex trader who does margin account forex online trading to go for higher risks as he doesn�t have to pay for the lots upfront. And the only way you can firewall yourself from a downfall is by putting stops.You select a price where you put a stop and when the price of the currency moves, it would be bought or sold at that price. It could lead to a small loss without wiping out your margin.Brokers can also close transaction when there is a risk of losses eating up your margin, but not when you have put a stop loss. It is both risks and rewards in margin account forex online trading.Discover how to open a forex online trading account and their requirements. Visit my site for more forex software reviews.
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You could open a margin account forex online trading and make a profit. Although on the face of it looks lucrative as there are chances of high profits, there are chances of high losses as well. It works like this. With an increased chance of profit, you are also prone to risk of losses.You could face a situation in forex trading where you may have to watch in wretched awe your entire margin being wiped away. The primary checks and balances that the trader would have to resort to are ensuring that the margin remains intact.Volatility is the basic characteristic of forex trading and currencies move either way so fast that you may not get enough time to arrest the plunging down of your margin money.If your leverage stands at say a 100:1 and your margin money is $1000, you have a potential of trading on a $100 000 lots, which is huge money by any standards. But you had risked just $1000.A small swing in the negative direction of 1% could wipe away your margin making it necessary for you to start once again with a fresh margin. It doesn�t take much time to win or lose in forex as movements happen with lightning speed.It is natural for any forex trader who does margin account forex online trading to go for higher risks as he doesn�t have to pay for the lots upfront. And the only way you can firewall yourself from a downfall is by putting stops.You select a price where you put a stop and when the price of the currency moves, it would be bought or sold at that price. It could lead to a small loss without wiping out your margin.Brokers can also close transaction when there is a risk of losses eating up your margin, but not when you have put a stop loss. It is both risks and rewards in margin account forex online trading.Discover how to open a forex online trading account and their requirements. Visit my site for more forex software reviews.
Automated Forex Trading System: Does it Work?
If you're considering an automated forex trading system, this article reviews a popular system.
Automated forex trading has become a popular way to make a profit by dealing in currency trading. Participants use the foreign currency exchange in much the same way they play the stock market. There are a number of advantages to trading currency instead of trading stocks. If you are serious about getting a huge return on your investment by working smarter, not harder, check out this proven automated forex trading system. Automatic forex trading utilizes a software program to predict rises and falls in currency rates and make profitable trading decisions. The software also makes the trades for you. With a Forex trading system like this one, you simply start up the program and begin turning a profit with very little effort. Your auto Forex trading can continue working around the clock so trades happen when news breaks rather than when the market opens. Many people have seen success with automated forex trading but not all packages are created equal. Some have undergone a more rigorous testing process than others. For example, the FAP Turbo software has been tested in both back tests and live trades to ensure the product works. Most software packages have only been back tested, so they may or may not do well in live trading. It is better to find a software package that has been tested in both environments to ensure results. Most people who opt for a forex trading system have little knowledge about the foreign currency trade market. That is one of the biggest advantages to forex trading software. These programs do all of the work for you, so all you have to do is install the software and kick off the program. Installation usually takes a few minutes and results can be seen the same day. Even people who have never traded currency before can make a profit with Forex. Forex trading systems take much of the guesswork out of the foreign currency exchange market. You can begin the process with as little as $50 and quickly see the profits begin to accumulate. According to the makers of FAP Turbo, serious profits can be seen in just a few weeks' time. The more you make, the more you can invest and the more you invest, the more you make. The cycle has been a profitable one for many who have used these forex systems. If you want to make money in the foreign currency market, check out automated forex trading. The FAP Turbo program is a particularly good choice because it has been well tested and proven. With forex trading software like FAP Turbo, you can make money without any prior experience in foreign currency trading. It's an excellent investment.
By Terry HodgkinsonPublished: 6/22/2009
Automated forex trading has become a popular way to make a profit by dealing in currency trading. Participants use the foreign currency exchange in much the same way they play the stock market. There are a number of advantages to trading currency instead of trading stocks. If you are serious about getting a huge return on your investment by working smarter, not harder, check out this proven automated forex trading system. Automatic forex trading utilizes a software program to predict rises and falls in currency rates and make profitable trading decisions. The software also makes the trades for you. With a Forex trading system like this one, you simply start up the program and begin turning a profit with very little effort. Your auto Forex trading can continue working around the clock so trades happen when news breaks rather than when the market opens. Many people have seen success with automated forex trading but not all packages are created equal. Some have undergone a more rigorous testing process than others. For example, the FAP Turbo software has been tested in both back tests and live trades to ensure the product works. Most software packages have only been back tested, so they may or may not do well in live trading. It is better to find a software package that has been tested in both environments to ensure results. Most people who opt for a forex trading system have little knowledge about the foreign currency trade market. That is one of the biggest advantages to forex trading software. These programs do all of the work for you, so all you have to do is install the software and kick off the program. Installation usually takes a few minutes and results can be seen the same day. Even people who have never traded currency before can make a profit with Forex. Forex trading systems take much of the guesswork out of the foreign currency exchange market. You can begin the process with as little as $50 and quickly see the profits begin to accumulate. According to the makers of FAP Turbo, serious profits can be seen in just a few weeks' time. The more you make, the more you can invest and the more you invest, the more you make. The cycle has been a profitable one for many who have used these forex systems. If you want to make money in the foreign currency market, check out automated forex trading. The FAP Turbo program is a particularly good choice because it has been well tested and proven. With forex trading software like FAP Turbo, you can make money without any prior experience in foreign currency trading. It's an excellent investment.
By Terry HodgkinsonPublished: 6/22/2009
Online Forex Trading: How To Get Rich And Happy From Online Forex Trading
This article is about online Forex trading secrets of millionaires and billionaires which enable the average person to create fantastic wealth and success from safe online investments in foreign currencies.
What is online forex trading? How can you get rich and powerful from online forex trading? Who can do online forex trading? Can you do online forex trading from any country of the world? If you search on the internet you’ll find millions of investment programs such as real estate, stock trading, bond trading, mutual funds, CDs, auction programs and various internet programs. Perhaps you know about only stock trading or bond trading which are common, but not online forex trading. Online forex trading is the best kept "Secret" of the rich and powerful, international bankers, the money elite, who own and control all the banks, companies, corporations and foundations in the world. Until six years ago, when the United States Congress passed a law and made it possible for the small investors and average citizen to participate in this online forex trading, only large banks, financial institutions, millionaires and billionaires were doing forex trading. Online Forex trading is when you buy and sell the foreign currencies of different countries online. Through online forex trading, you can put your money to work for you like millionaires and billionaires do, instead of you working for your money. There is no large investment, hard work, technical training or big "risk". Online forex trading investment enables you to use $1 to control an investment worth $200, and $500 to control $100,000 and $1000 to control $200,000 and $5000 to control $1,000,000 worth of investment. Online forex trading is the most profitable and attractive internet investing opportunity because you can do it from home or office and from any country in the world. In online forex trading, you don’t need to do any marketing or selling or internet promotion to succeed. In online forex trading, you don’t need to spend thousands of dollars to do any internet promotion. In online forex trading, you don’t need any stocks or warehousing. In online forex trading, all that you’ve to do is open an account with one of the brokers with as little as $300 or $2000. Then follow simple instructions to buy and sell the currencies. When the price of the currency is low, you buy. In a few seconds or minutes, the price may go up, and you may sell it and make a profit. By doing so, in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs! And get this: You don’t even have to be stuck sitting behind your computer buying and selling these foreign currencies. You can enter all your buy trades and specify the sell prices you desire and then log off. Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money! You can put it into an auto-pilot and forget it, and it will keep generating fast easy cash for you daily, 365 days in the year like an "ATM" machine. You can do online forex trading and at the same time keep your day job, because in online forex trading, there is no work to do. In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing online forex trading forever and go on permanent vacation! To understand the beauty of online forex trading, picture this: In the morning, you get up from sleep at 6 am. You go to your bathroom and have your shower. At 7am, you hurry and eat your breakfast. At 7.20 am, you login into your online forex trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).] You can specify the price that you wish to sell each currency. Then you can log off. By 9 am, you’re at work in your office or business place. You do your job as usual and by 5 pm, you’re finished and heading home. When you get back home around 6.30 pm, you login into your online forex trading account to see how much money you’ve made. Holy Molly, there in your account it says you have made $750! "Is this for real?", you wonder… Yes, it is. (Your eyes are not deceiving you…) $750 in a day for just clicking your mouse twice and doing no work? (Whereas at your job, you work 8 hrs, but make only probably $150) This is how easy it is to make money from online forex trading. But before you use real money to open a live online forex trading account, you have to open a free trial (demo) account (forex simulating trading) and practice first, to understand how it works and to acquire the right skills. This free demo (trial) online forex trading account (forex simulation trading) will help you to reduce a lot of risks that can lead to a loss. In online forex trading, you can choose how much money to invest, how much money to make and when to make it. You may make money daily, 365 days all year from online forex trading. Your computer can be transformed into an "ATM" machine that cranks out cash for you daily (without large investment or hassles) from online forex trading. In online forex trading, you can choose what type of risk you can manage, when to invest and when not to invest. In online forex trading, you’re the boss. You may do as you please. When online forex trading is compared to other investment programs such as stock trading, bond trading, mutual funds, real estate and regular business, it is evident that online forex trading is the fastest and greatest way to make money in the world. Online Forex trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined. These are some of the reasons why I believe that online forex trading is the best online investing opportunity. Perhaps from reading this article you’ll now come to know why online forex trading is the secret behind the greatest wealth on earth and why it has been kept hidden from the average people of the world and therefore little known to the masses. No matter who you are, be it a salesmen, doctors, office clerks, accountants, carpenters, actors, stockbrokers, small business owners, policemen, firemen, musicians, soldiers, housewives, technicians, attorneys, nurses, students, traders, cab drivers, engineers, you can get rich from online forex trading. No matter which country that you come from, such as USA, Canada, Belgium, Denmark, Sweden, Finland, Germany, France, United Kingdom, Switzerland, Norway, Italy, Greece, Spain, Mexico, Peru, Venezuela, Ghana, South Africa, Kenya, Egypt, Israel, Turkey, China, India, Japan, Australia, New Zealand... you can create true personal wealth and success from doing online forex trading. Creating personal wealth on the internet from your home or office has never been this sinfully easy. (http://www.mscsrrr.com ) May these online forex trading insights open your eyes to the possibility of infinite wealth and success that can be yours from online forex trading. Please feel free to print or publish this article anywhere and read and also send to your friends and well wishers and please preserve the author’s resource box below. Warmly, Ikey Benney To discover a little known shortcut to internet riches, a forex trading program created by I-key Benney, CEO, that enables an average person to generate $1,500 weekly for life, please click on the link: online forex trading (http://www.mscsrrr.com)
Online Forex Trading programHow to generate $1500 weekly from safe online forex trading
By I-key Benney, CEOPublished: 11/9/2005
What is online forex trading? How can you get rich and powerful from online forex trading? Who can do online forex trading? Can you do online forex trading from any country of the world? If you search on the internet you’ll find millions of investment programs such as real estate, stock trading, bond trading, mutual funds, CDs, auction programs and various internet programs. Perhaps you know about only stock trading or bond trading which are common, but not online forex trading. Online forex trading is the best kept "Secret" of the rich and powerful, international bankers, the money elite, who own and control all the banks, companies, corporations and foundations in the world. Until six years ago, when the United States Congress passed a law and made it possible for the small investors and average citizen to participate in this online forex trading, only large banks, financial institutions, millionaires and billionaires were doing forex trading. Online Forex trading is when you buy and sell the foreign currencies of different countries online. Through online forex trading, you can put your money to work for you like millionaires and billionaires do, instead of you working for your money. There is no large investment, hard work, technical training or big "risk". Online forex trading investment enables you to use $1 to control an investment worth $200, and $500 to control $100,000 and $1000 to control $200,000 and $5000 to control $1,000,000 worth of investment. Online forex trading is the most profitable and attractive internet investing opportunity because you can do it from home or office and from any country in the world. In online forex trading, you don’t need to do any marketing or selling or internet promotion to succeed. In online forex trading, you don’t need to spend thousands of dollars to do any internet promotion. In online forex trading, you don’t need any stocks or warehousing. In online forex trading, all that you’ve to do is open an account with one of the brokers with as little as $300 or $2000. Then follow simple instructions to buy and sell the currencies. When the price of the currency is low, you buy. In a few seconds or minutes, the price may go up, and you may sell it and make a profit. By doing so, in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs! And get this: You don’t even have to be stuck sitting behind your computer buying and selling these foreign currencies. You can enter all your buy trades and specify the sell prices you desire and then log off. Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money! You can put it into an auto-pilot and forget it, and it will keep generating fast easy cash for you daily, 365 days in the year like an "ATM" machine. You can do online forex trading and at the same time keep your day job, because in online forex trading, there is no work to do. In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing online forex trading forever and go on permanent vacation! To understand the beauty of online forex trading, picture this: In the morning, you get up from sleep at 6 am. You go to your bathroom and have your shower. At 7am, you hurry and eat your breakfast. At 7.20 am, you login into your online forex trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).] You can specify the price that you wish to sell each currency. Then you can log off. By 9 am, you’re at work in your office or business place. You do your job as usual and by 5 pm, you’re finished and heading home. When you get back home around 6.30 pm, you login into your online forex trading account to see how much money you’ve made. Holy Molly, there in your account it says you have made $750! "Is this for real?", you wonder… Yes, it is. (Your eyes are not deceiving you…) $750 in a day for just clicking your mouse twice and doing no work? (Whereas at your job, you work 8 hrs, but make only probably $150) This is how easy it is to make money from online forex trading. But before you use real money to open a live online forex trading account, you have to open a free trial (demo) account (forex simulating trading) and practice first, to understand how it works and to acquire the right skills. This free demo (trial) online forex trading account (forex simulation trading) will help you to reduce a lot of risks that can lead to a loss. In online forex trading, you can choose how much money to invest, how much money to make and when to make it. You may make money daily, 365 days all year from online forex trading. Your computer can be transformed into an "ATM" machine that cranks out cash for you daily (without large investment or hassles) from online forex trading. In online forex trading, you can choose what type of risk you can manage, when to invest and when not to invest. In online forex trading, you’re the boss. You may do as you please. When online forex trading is compared to other investment programs such as stock trading, bond trading, mutual funds, real estate and regular business, it is evident that online forex trading is the fastest and greatest way to make money in the world. Online Forex trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined. These are some of the reasons why I believe that online forex trading is the best online investing opportunity. Perhaps from reading this article you’ll now come to know why online forex trading is the secret behind the greatest wealth on earth and why it has been kept hidden from the average people of the world and therefore little known to the masses. No matter who you are, be it a salesmen, doctors, office clerks, accountants, carpenters, actors, stockbrokers, small business owners, policemen, firemen, musicians, soldiers, housewives, technicians, attorneys, nurses, students, traders, cab drivers, engineers, you can get rich from online forex trading. No matter which country that you come from, such as USA, Canada, Belgium, Denmark, Sweden, Finland, Germany, France, United Kingdom, Switzerland, Norway, Italy, Greece, Spain, Mexico, Peru, Venezuela, Ghana, South Africa, Kenya, Egypt, Israel, Turkey, China, India, Japan, Australia, New Zealand... you can create true personal wealth and success from doing online forex trading. Creating personal wealth on the internet from your home or office has never been this sinfully easy. (http://www.mscsrrr.com ) May these online forex trading insights open your eyes to the possibility of infinite wealth and success that can be yours from online forex trading. Please feel free to print or publish this article anywhere and read and also send to your friends and well wishers and please preserve the author’s resource box below. Warmly, Ikey Benney To discover a little known shortcut to internet riches, a forex trading program created by I-key Benney, CEO, that enables an average person to generate $1,500 weekly for life, please click on the link: online forex trading (http://www.mscsrrr.com)
Online Forex Trading programHow to generate $1500 weekly from safe online forex trading
By I-key Benney, CEOPublished: 11/9/2005