ماى ايجى: نوفمبر 2009

الثلاثاء، 10 نوفمبر 2009

Forex Trading Education - The London Open Checklist

A thorough Forex trading education must include an understanding of the effect market timings can have on trading and liquidity.One of the most active periods of the day is from the time the London market opens. Often around that time good trading opportunities will appear.As part of your Forex trading education, learn to analyze market conditions around London open and begin to recognize good setups.The following questionnaire and checklist will help.London Open PreparationAbout 15 to 30 minutes before London open check the answers to these questions:- Are the MACD indicators on the 4 hour and 1 hour charts in agreement? If they are not going in the same direction be very careful!- Is there MACD divergence on the 4 hour, 1 hour, or 15 minute chart? Look for other clues to confirm that price may go in the direction of MACD divergence.- On the 4 hour chart what is the overall trend?- Do a Fibonacci calculation on the last swing high and low and see if price is pulling back to an optimum retracement level or whether it is reaching a key extension level.- Note price in relation to the 200 EMA (Exponential Moving Average) on the 4 hour, 1 hour and 15 minute charts. Is price bucking the trend? In other words, is price above the 200 EMA on the 4 hour and 1 hour chart but below it on the 15 minute? Then be prepared for price to go long at some stage. (Draw the opposite conclusion if price is below the 200 EMA on the 4 hour and 1 hour chart but above it on the 15 minute chart.)- Are any Economic Reports imminent?- As the candle closes on the 15 minute chart at London open, do you see any distinctive candle patterns such as tweezers, or doji's or hammers indicating price exhaustion?- If I entered a trade right now in a particular direction, what would be the risk and where would I place my stop?Within a few minutes of London open, if you see a number of factors converging from the analysis above, make a decision one way or the other:- trade- wait for clearer signals or a better entry pointCarrying out an analysis in this way each day at London open will do much to increase your Forex trading education.It will make you aware of what is happening on the charts and in the marketplace and help you to arrive at conclusions.There is no magic formula involved with Forex trading education. Put simply, successful Forex trading is the result of years of hard work, study, practice, and experience often gained through painful trading scenarios.Eventually the newer trader learns mental discipline, and how to control the emotions - probably the biggest part of a Forex trading education.Practice a procedure like the one above day after day and begin to see some progress as you get nearer the time you make profits consistently from currency trading.article source : http://www.forexarticlecollection.com/forex-beginner/forex-trading-education-the-london-open-checklist.html

Forex - What is it

The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration. The latter is a strong subject to the influence of any important for the human society event in the sphere of economy, politics and nature. Consequently current prices of foreign currencies evaluated for instance in the US dollars fluctuate towards its higher and lower meanings. Using these fluctuations in accordance with a known principle “buy cheaper – sell higher” traders obtain gains. Forex is different in compare to all other sectors of the world financial system thanks to his heightened sensibility to a large and continuously changing number of factors, accessibility to all individual and corporative traders, exclusively high trade turnover which creates an ensured liquidity of traded currencies and the round - the clock business hours which enable traders to deal after normal hours or during national holidays in their country finding markets abroad open.Just as on any other market the trading on Forex, along with an exclusively high potential profitability, is essentially risk - bearing one. It is possible to gain a success on it only after a certain training including a familiarization with the structure and kinds of Forex, the principles of currencies price formation, the factors affecting prices alterations and trading risks levels, sources of the information necessary to account all those factors, techniques of the analysis and prediction of the market movements as well as with the trading tools and rules. An important role in the process of the preparation for the trading on Forex belongs to the demotrading (that is to trade using a demo-account with some virtual money), which allows to testify all the theoretical knowledge and to obtain a required minimum of the trade experience not being subjected to a material damage.article source: http://www.forexarticlecollection.com/forex-beginner/forex-what-is-it.html

Learn Forex Trading

Gone are the days, when people with small bundles of notes surely would draw your attention at the airports/ international bus terminus/ important office areas, who are ready to exchange your currency to your desired foreign exchange at a commission. The literacy, the spread, the entrants of various professionals, automated software, revolutionary online forex trading companies have been able to put a control over the entire unorganized sector to pave the way for complete professionalism and to offer a much more convenient and systematic way of Forex trading.At the inception phase, people, mainly the large corporations used to perform their Forex trading through various banks or major financial institutes, who used to operate at the international level. The overwhelming popularity of Forex of today's modern world due to the liberalization and global economic polices is empowered by the telecom boom, the immense reach of Internet and the unimaginable advantage of advanced technology. The instantaneous effect and up-to-date news provided by the Online Forex Software exchange trading platform in the regime of online Forex, have given you the classical opportunity of taking decisions and immediate implementation. Online Forex trading has been standardized over the years after the initial teething problems, and today's Forex participants get an almost secured access through various online Forex trading companies, which is free from all encumbrances. The technology, its application in case of online Forex has been drastically improved with the increasing awareness of people at large. The success lies in bringing a wider gamut of people into Forex trading platform and in turn the entire Forex Software exchange trading platform has become commercially viable. If we want to look into the current Foreign Exchange market, we can find a reasonable number of stakeholders beyond the predominated traditional Multi National Companies or MNCs, banks, brokers and the final impetus has given by the wide acceptance of a large number of commoners, who get engaged in Forex trading due to various reasons including even as a mere hobby. The latest encryption methodologies and plenty of guide and trend analysis will make you secured and comfortable even if you are a first timer dabbling into online Forex trading.The concept of margin trading, implying the traded on margin, saves you for a huge amount of deposit in the Forex. The margin deposit varies between banks and it is always in percentile terms of the original amount, which the bank allows you to play. A simple example will show you the actual potential. Suppose a bank has kept the margin deposit as 2%, which implies that you need to deposit only $20000 USD to trade two million dollars and also you may gear up your profit by 200%. As the coin has got two sides, the 2% margin deposit in Forex may also take you to the road of losses by 200%. The rule remains same, when the offline Forex trading changes it face to online Forex trading.As every investment carries the potential risk of both profit and loss, the luck of an aggressive online Forex trader may sway anywhere between 2 to 25% on a daily basis on an average. Just for the knowledge base, the beginner in Forex trading must be aware of that the interest rates on your deposit varies greatly depending upon the currencies and the prevailing practice is to play in multiple currencies, popularly known as Base currency and variable currency in the world of Forex both in traditional platform and in online Forex platform. Your awareness level, your analytic power, your intuition are the key driven forces to transform you to an informed Forex trader and to optimize your Return on Investment (ROI) in the most prospective financial market of today's economic world. article source:http://www.forexarticlecollection.com/forex-trading/learn-forex-trading.html

Learn Forex Trading

Risks of Trading in Forex Market

Although every investment involves some risk, the risk of loss in trading off-exchange forex contracts can be substantial. Therefore, if you are considering participating in this market, you should understand some of the risks associated with this product so you can make an informed decision before investing.As stated in the introduction to this booklet, off-exchange foreign currency trading carries a high level of risk and may not be suitable for all customers. The only funds that should ever be used to speculate in foreign currency trading, or any type of highly speculative investment, are funds that represent risk capital i.e., funds you can afford to lose without affecting your financial situation. There are other reasons why forex trading may or may not be an appropriate investment for you, and they are highlighted below.The market could move against youNo one can predict with certainty which way exchange rates will go, and the forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you close it out will affect the price of your forex contract and the potential profit and losses relating to it.You could lose your entire investmentYou will be required to deposit an amount of money (often referred to as a security deposit or margin) with your forex dealer in order to buy or sell an off-exchange forex contract. As discussed earlier, a relatively small amount of money can enable you to hold a forex position worth many times the account value. This is referred to as leverage or gearing. The smaller the deposits in relation to the underlying value of the contract, the greater the leverage. If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire deposit. Depending on your agreement with your dealer, you may also be required to pay additional losses.Overtrading is another ordinary money management mistake in the forex market. This trading does not have clearly defined trading objectives; the sole reason is to make more money. To avoid this mistake, make sure that every trade is broken into ultimate goals, and that these goals are achieved before other positions are added. Very few traders can successfully manage multiple positions in a variety of currency trading markets.Overconfidence is a big mistake when it comes to money management and the forex market. This is caused when a trader has or thinks they have particular or inside information. These hot tips are sometimes wrong, and when this happens large amounts of money may be lost because of this. The way to avoid this is to avoid being confident in any rumors or special information you may have. Managing your money means taking measures to preserve it as well.Preferential bias can exist among forex market traders. This happens when they only see or hear what they want in relative to the favored trade. This can cause a trader to ignore the real activity of the forex market in favorite of what they want to happen. It is important to look at each trade impartially and do not become set in cement with your opinion. Do not ask friends or family for their opinions; just go with what you know. article source:http://www.forexarticlecollection.com/forex-trading/risks-of-trading-in-forex-market.html

The Forex Market and Understanding Foreign Exchange Rates

Unlike the stock exchange, the Forex Market (foreign exchange market) is a relatively new player to the investment world. Today's current Forex market model started in the early 1970's, and today it represents the biggest financial market around, even surpassing the stock market. With trading surpassing $2 trillion dollars per day, the Forex market attracts more and more investors all the time. Before an investor starts trading on the Forex market, he should grasp the fundamentals of how exchange rates work.Exchange ratesBasically, the exchange rate represents the rate of exchange between two currencies. Most currencies are traded, or paired up against the dollar. The five most common currencies traded on the market are the dollar (USD), euro (EUR), the yen (JPY), the British pound (GBP), and the Swiss franc (CHF). Some other currencies that are traded are the Australian dollar, the Canadian dollar, and the Hong Kong dollar.In the exchange rate or ratio, the numerator represents the quote currency and the denominator the base currency, which always equals one.Let's say that an investor wants to exchange euros for dollars. In this case, the euro currency is the quote currency, or how much currency you have to exchange. The base currency is the dollar. The investor researches the current exchange rate (euros converted into dollars) either on the Internet, through the bank, broker, etc., and then multiplies that amount by the number of euros to exchange. Let's say that the exchange rate is 1.57959. That means that 1.57959 euros must be paid to receive one dollar. If he has 1000 euros to exchange, then he can receive $1,579.59 (1000 x 1.57959).On the flip side, the exchange rate can also tell the investor how much he'll receive if he converts dollars back into euros. If he has $1000, he can either divide that amount by the same euro to dollar exchange rate ($1000/1.57959 = 633.07 euros), or look up the conversation rate for dollars to euros on the Internet, etc. (i.e. .633072) and multiply it by the amount of dollars to exchange ($1000 x .633072 = 633.07 euros).Once the exchange rate concept is understood, the investor can feel more confident in investing in the Forex market. article source : http://www.forexarticlecollection.com/forex-trading/the-forex-market-and-understanding-foreign-exchange-rates.html

Forex trading basics

Forex Market BasicsThe Foreign Exchange market (also referred to as the Forex, FX market, "Cash" Forex or Spot Forex market ) is the largest financial market in the world, with more than $1.5 trillion changing hands every day — 30 times larger than the combined volume of all U.S. equity markets. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world. What to trade in Forex Market?In the forex market, currency trading is always done in currency pairs, such as EUR/USD or GBP/USD. Accordingly, all trades result in the simultaneous buying of one currency and the selling of another. The base currency is the "basis" for the buy or the sell. It is useful to consider the currency pair as an instrument, which can be bought or sold. Understanding Forex quoteBase currency: The first currency in the pair. Counter Currency: The second currency in the pair. Also known as the terms currency. The US dollar is the centerpiece of the Forex market and is normally considered the ’base’ currency for quotes. This includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair. For example, a quote of USD/CAD 1.1302 means that one U.S. dollar is equal to 1.1302 Canadian dollar. BID and ASK Prices When trading forex you will often see a two-sided quote, consisting of a ’bid’ and ’ask’. The ’bid’ is the price at which you can sell the base currency (at the same time buying the counter currency). The ’ask’ is the price at which you can buy the base currency (at the same time selling the counter currency). Commission-free, but with spreads Most Forex brokers offer commission-free Forex trading. Spread - The difference between the bid and ask price of a currency. Normally 3-5 pips on the Majors. Rollover - What happens to my open positions at the end of the trading day? Process whereby the settlement of a deal is rolled forward to another value date. The cost of this process is based on the interest rate differential of the two currencies. Most brokers will automatically roll over your open positions, allowing you to hold a position for an indefinite period of time. Leverage & MarginThe leverage available in forex trading is one of main attractions for many traders. Leveraged trading, or trading on margin, simply means that you are not required to put up the full value of the position. Forex brokers provide more leverage than stocks or futures. In forex trading, the amount of leverage available can be up to 400 times the value of your account.article source: http://www.forex-articles.net/article-1.html

Picking a Forex Trading Online Software

There are literally millions of people forex trading online in the currency markets on any given day. This wasn't the case 10 years ago but the growth in this investment vehicle has been exponential. One of the reasons has been that so many people have been successful at it. Success breeds copy cats and competition. The most successful currency traders are using software to help them make their trades. Not only to process the transaction but to choose which currency pair and when and what stops.When choosing a forex trading platform you need to test drive it before you ever buy it. This is the norm in today's market. There are several companies that are more than happy to let you download a demo and setup a dummy account and run their software. This is important because every software looks different and has different features. Some are horrible to look at and some look like you wrote it yourself, almost perfect.But testing it in real time with real data is THE MOST IMPORTANT feature of any software that you end up choosing. You need to test it to see if it gets your orders in time and gets out of the markets where you set your stops. Not all softwares are equal in this most important of aspects, and it can cost you big time if the software blows through your stops.As I said earlier you should be comfortable with the way the software looks and the location of the buttons you need to click on. It should be laid out in a logical manner so that if things happen quickly you can easily get out or get into a currency market. You don't want to have to click on 3 different screens to place a trade or to get out of one, especially in the forex markets where things move faster than stocks.After seeing that the software works and looks alright check out the different strategies that are built into the software. There are a number of normal charting strategies that all platforms have, but if you have purchased a piece of software it should be programmed with its own specialty. This is the deal maker. Does the software's technique make money. This can be easily tested since you will be running a demo. Run the demo a minimum of 2 weeks but try for a month.Some software companies let you use real data from the past to test your own new strategies and this can be worth the software price in and of itself. Especially if you are creative and are coming up with new ideas. If you study the forex markets you will find out that there are several popular strategies but there has to be a BEST STRATEGY. Do you think you can discover it? You might as well try if you bought the software anyway.Finally, after you have chosen the forex trading online software you must find out what the company offers in terms of safety of data encryption and what do you do if your computer crashes. Who do you call? Do you call a specific person? This is really very important, you don't want to be in the middle of a transaction and the power goes out and you are only part way in and have no stop or target to get out. So find out who and what you must do in emergency situations.There is another software option that I haven't covered here. It is called Forex Robots. They make trades without you having to be there, so they can trade 24 hours a day. I will leave that for another article but it is something else you should look into.Bob Perry is a freelance writer specializing in the financial markets. He has experience with currency markets and stocks. Check out his blog at ForexTradingOnlineBlog.com for more informative articles and tips on making money.article source :http://ezinearticles.com/?id=1516912

Forex and Stock Market - Find the Difference

What is the difference between stock market and Forex? Which one is better opportunity to make money? These are the common questions beginner traders ask. There is no common answer to this question. Everything depends on trader's preference and his motives.We should remember that success of the workers in financial institutions depends on how many people they attract into the business of trading and how many transactions these clients make. They have direct financial interest therefore their opinions can be biased. Some of the widely known opinions are:In Forex traders burn out much quicker than in stock market.There are trading systems that allow anyone to become a millionaire quickly.Let's consider these opinions more closely. I couldn't find any reliable statistical data about participants in Forex and stock market that would have the following parameters.1. The number of traders who start trading. Percentage of traders who continue to trade after one, two and tree years. How successful their trading is. 2. Relationship between beginning balance of their account and ending balance. 3. Relationship between method of trading and success rate.There is no reliable statistics on these parameters. Only opinions and estimated guesses. The reason for the absence of such statistical data is understandable. It's a commercial secret. Nevertheless I can confidently say that there is no dramatic difference between trading Forex and trading stocks. There is no difference in opportunities to earn money as well to lose money in those markets. There is no or very little difference between them because in financial market you trade risks and probabilities not currencies, stocks and futures. The difference can be only in the rules of game, methods of execution of transactions, and liquidity of the market.Now let's talk about magical trading systems that allow you quickly and safely become a millionaire. They may say the system is a work of genius and sell it to your for some amount of money. Do you believe in it? It's true that you can't work in market without a system. Therefore any system has a right to exist. I don't believe in magical systems or universal machine that will make you money while you sleep.You can make money with any system if they are based on mathematics, psychology and discipline. It's not important what the system uses. It can use good old indicators like RSI or MACD. Or they may be built on some new indicators. You even can base your trading system on the number of blond women you meet on your way to office. But if you don't have a discipline to implement it consistently no system will help you.There are many more different opinions about Forex and stock market. The one common thing is that you can make money in any market. The only thing you need is to make well thought decisions and have a discipline to follow through with them.Albert Schmidt is a part-time currency trader. After quite a long time of struggle he learned to make consistent profit trading in Forex. Review a trading strategy he successfully uses in his trades.article source : http://ezinearticles.com/?Forex-and-Stock-Market---Find-the-Difference&id=1515878

Professional Forex Trading - 4 Steps to Trading Like a Pro and Winning

Anyone can learn currency trading, yet most traders lose this isn't because they can't win they just don't work at the right areas and here we will show you what to do in simple steps to enjoy currency trading success...If you want proof of the fact anyone can learn to trade then you should read the story of "the turtles"This group taught by trading legend Richard Dennis, had no experience yet within 14 days were on their way to making hundreds of millions.Ok you may not get as rich as them - but it shows the potential. You can turn yourself into a forex pro in 14 days and then be piling up profits, in just 30 minutes a day or less.Step 1 Take ChargeAs on all areas of life you need to take charge of your financial destiny and don't fall for a mentor, guru or robot will make you rich they won't. You're on your own.Now you need to learn the right information and get your forex strategy formulated.If you have a burning desire to succeed and are prepared to work hard, you're on your way.Step 2 Your Forex Trading SystemThe best systems are simple and yours should be to.If it's simple it will be more robust with fewer elements to break than a complicated one. If you can base on long term trend following and breakout methodology, this is a timeless way to make profits and can be executed in under 30 minutes a day. Look up our other articles to learn more.Step 3 Money ManagementForget about clever methods or market timing being the key to success it's not its money management.To win you have to play great defence first. As one famous trader said "if you take of the losses the profits will look after themselves" and remember to win, you need to bet and you can't bet if you have no chips! Ok ,it's a poker saying but applies to forex trading.Step 4 Patience and DisciplineThis is the key to success.You can have the most successful method but unless you can apply it with patience and discipline, through losing periods and until you hit a home run, you will never win.This sounds easy - but most traders cant keep going through a losing period, its hard when the market is taking your money and making you look a fool - but to win in forex trading you have to lose, its part of winning.If you have a robust method and a disciplined mindset and stay on course you can make big profits.Professional forex trading is all about working smart, getting the right knowledge, building a simple strategy and then applying it for success. Anyone can do it and if you want to you can and take charge of your financial destiny and get on the road to success.NEW! 2 X FREE ESSENTIAL TRADER PDFSESSENTIAL FOREX TRADING COURSEFor free 2 x trading Pdf's, with 50 of pages of essential info on Successful Currency Trading visit our website at: http://www.learncurrencytradingonline.com.article source : http://ezinearticles.com/?Professional-Forex-Trading----4-Steps-to-Trading-Like-a-Pro-and-Winning&id=1319162

Forex Trading - Poker Players Often Become Trading Millionaires the Skills Needed Are the Same

If you thought that poker paying couldn't teach you much about forex trading you would be dead wrong. If you can play poker successfully you can trade and win because there is a unique mindset needed for both. Even if you don't play poker you will learn the skills needed from this article.Any successful poker player will tell you that to win you need to know when to bet ( when the odds are in your favour) how much to bet and when to quit, to preserve equity and the skills needed are neatly summed up in the old gamblers saying:"There's a time to hold them a time to fold them and a time to get out of town fast"The successful poker player relies on himself there is no one to help him at the table (contrast this with most forex traders who trust mentors gurus or junk robots) and they rely on tremendous discipline to not trade at all, or quit and take a loss and keep their losses small (contrast this with the forex trader who hates admitting their wrong), now you can see why they make great traders.Trading relies on you - no one else can help you.You must get the right education and have confidence in it and then the hard part - apply your trading system with discipline in the market. Just like in poker your playing the odds not the certainties, many guru's would have you believe.You have to have total confidence in what you are doing and the equation for market success is:Logical well thought out method + the discipline to execute it = forex market success.If you don't have the discipline to execute your trading system - you may as well not have one!The poker player will take loss after loss - but he will have the confidence and discipline to know that his time will come, when he can load up his trades and win big. Most traders simply cannot take a strong of losses but that's part of trading and you must do this.You need to understand you have to lose to win.Forex trading is actually quite simple anyone can learn to trade currencies but 95% of traders lose. The reason is not because they can't learn to trade, it's because they like to follow others or want to win all the time.They simply don't have the discipline, or mindset to win and the poker player does.So learn this:You need to stand on your own two feet. No following others or believing all the hype that forex trading is easy - its not.You then need to have confidence in what you're doing, to give you confidence and the discipline to preserve your equity by taking small losses and wait for your opportunities and run them to big profits, when they come.So if you play poker successfully or for that matter blackjack, then you already have the traits needed to win. If you don't play poker you will see the logic of the material enclosed and can incorporate it in your forex trading strategy and seek forex trading success.NEW! 2 X FREE ESSENTIAL TRADER PDFSESSENTIAL FOREX TRADING COURSEFor free 2 x trading Pdf's, with 50 of pages of essential info and more on Win at Forex Trading visit our website at: http://www.learncurrencytradingonline.com.Article Source:http://ezinearticles.com/?Forex-Trading---Poker-Players-Often-Become-Trading-Millionaires-the-Skills-Needed-Are-the-Same&id=1296761

Forex Robots - The Vital Facts About These Critters You Need to Know

Forex robots are popular, and to be sure the sales hype is very enticing, but there is a key point that overlooked and there are some vital fact you need to know.Facts About Forex Robot TradingForex robots are without doubt a very important development in Forex trading. However there are some important facts that you should understand about trading with a Forex robot.First off the robots are trading your money.I know this may sound like a stupidly obvious statement but the fact is that no matter what method you choose to trade the Forex markets you will still be risking your own hard earned cash. This means that you need to know if your are ready to go to the market and risk real money, money that hopefully you can afford to lose.With That Out Of The Way...The fact is that emotions play a huge role in trading, fear and greed are an every day reality when it comes to trading and they can wreck havoc on your trading results by forcing you to make moves that are contrary to a sound trading plan.Knowing This Truth...The truth is that trading robots, also known as Expert Advisor software, can help substantially reduce emotional trading. They do so by removing the need to have your nose glued to a computer screen during active trading times. This removes the emotional stimulus that comes from watching every toss and turn and market hiccup.The Truth About Expert Advisor Software (aka Trading Robots)The fact is that every piece of Expert Advisor software was developed by humans. And humans are not perfect and neither will their products ever be as well. This means that if you are expecting a piece of software to "never lose," then you are in for a rude awakening.How It Works In The Real World...The fact is that every trading robot wins some and loses some, it is just that some are better at it than others. And at the end of the day, it is really about winning more money than you lost, that is the real world trading actually works.And it should be understood that each piece of software is optimized a bit differently, so that each one responds differently to each type of market, say a bullish market, or even to a particular currency pair.What You Really Need To Know About Forex Robots...The fact is that correctly chosen, Forex robots can be a real asset to Forex trading. However choosing one that matches your personality, and trading goals, along with the current market can be a bit tricky, and to be sure there are some frauds on the market (some with very big names), which makes the process of choosing the correct one a bit confusing and costly.Fortunately there is a great resource available on the web. If you would like an independent forex software review on currently available trading robots, including user reviews with profits and losses, click to http://www.forexproductsconsumerreports.com a consumer report site on Forex products.article source : http://ezinearticles.com/?Forex-Robots---The-Vital-Facts-About-These-Critters-You-Need-to-Know&id=1528510

Forex Price Movement - How and Why Prices Really Move and How to Win

Forex price movement is misunderstood by most traders. Prices don't move in line with the news and they don't move to some mystical recurring scientific theory either. You can win but understand the key reason prices move or lose... Here is a simple equation for forex price movement. Fundamental Supply and Demand inputs + Investor Perception = Price. Simple enough but most traders fail to see the significance of the above which is: - The news and facts are un-important its how traders perceive them as a whole that is. - Humans are emotional so you cannot predict what they will do. Those traders who think they can trade breaking news are wrong and they don't understand the markets discount news instantly furthermore, we all have the same facts to see but we all draw different conclusions from them. How Markets Really MoveAs humans are emotional, there is no way of predicting forex prices in advance or some mystical scientific theory they move to which the far out investment crowd love with their Fibonacci, Gann and Elliot Wave based systems. If you want to trade forex, you need to see it as an odds game and play the odds when there in your favour, run your profits and cut your losses. Sure, human nature means you cannot predict exactly what will happen next - but human nature is constant and we are all governed by greed and fear and this means you get hig odds formations which can be traded for profit. Keep It Simple and Trade the Odds for Success!All you need to do is - use a simple odds based forex trading strategy and have good money management and you can win. Today traders make forex price movement much more complicated than it really is, traders try and apply ever more complex formulas and software to try and crack the code behind forex price movement but it's all in vain - there isn't one! Complex Systems and Maths are NOT the AnswerThis is proven by the fact that 50 years ago 95% of traders lost and the same ratio lose today; showing that advances in technology have not helped at all. This leads to the obvious conclusion that forex trading success is not dependant on being clever, complex or the application of maths and of course this is true - its NOT and the fact we have just given you, clearly shows this. How to Enjoy SuccessForex trading success is simply based upon a combination of a simple, robust forex trading strategy, with good money management which you can apply with discipline. Forex trading is an odds based market and if you learn to trade the odds, you can make a lot of money and enjoy currency trading success. article source : http://www.articleblast.com/Money_and_Finance/Investing/Forex_Price_Movement_-_How_and_Why_Prices_Really_Move_and_How_to_Wi

Forex Trading Tips - 4 Tips You Must Understand to Win at Forex

Here are 4 Forex trading tips that if you understand them, can allow you to enter the elite 5% of winners who make big long term consistent profits. Anyone can learn currency trading and win but these 4 points need to understood - here they are...1. You are Responsible If you think you can buy success think again, you can't. Most traders think Forex trading can be done with no effort buy a junk robot with a simulated track record and think they will make the same gains sorry, it's not that easy. Forex trading sees 95% of traders lose and is not a walk in the park. While anyone can learn Forex trading, you need to get the right education and skills but first you need to understand what the Forex market and how prices move, which leads to the next point. 2. Understand Markets are an Odds Game Many traders think you can predict prices and believe so called experts, who say it's possible. Its not and your predictions will be as accurate as your horoscope if you try. Neither do they move to a scientific theory as many claim; if they did we would all know the price in advance and there would be no market!You need to understand that winning at Forex, is all about trading probabilities not certainties. You need to understand you won't win every time and will have periods of losses - but if you always trade the odds, you can make a lot of money. Now let's look at the type of Forex strategy you need.3. A Simple System is All You NeedYour Forex trading system should be simple, robust and easy to understand. Don't believe anyone who tells you complicated methods are better there not, as they have too many elements to break and science (no matter how clever) won't help you when you're trading an odds based market. Get a simple trading system - it's easy to do and now we will move onto the final point which is the challenge you must overcome and if you can, you can make huge profits. 4. Discipline is the KeyA method by itself is not enough, you must have the discipline to execute it through periods of losses, until you hit profits again and this can be tough. It's hard to keep executing your trading signals when the market gives you losses and makes you look a fool. Most traders simply let their emotions and ego get involved and lose. Being disciplined at all times and employing strict money management, is the key to winning longer term and its not easy but it can be done, if you have confidence in what you are doing and have the right forex education. It's Not easy to Win You can win though, anyone can. The fact it's not easy to win, means the rewards are huge and you can get your share of them, if you want too. Forex trading means you have to get the right education have confidence in what you are doing and trade with discipline. Accept this and take responsibility for your actions, and your on your way to Forex trading success. article source : http://www.articleblast.com/Money_and_Finance/Investing/Forex_Trading_Tips_-_4_Tips_You_Must_Understand_to_Win_at_Forex/

Forex Training - These Traders Learned Forex in 14 Days and Made Millions

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Here we are going to look at forex training and a famous experiment when a group of traders with no experience were taught to trade in 14 days and then went onto make $100 million in profits. Let's see how they did it and what you can learn... The Experiment Legendary trader Richard Dennis set out to prove that anyone could win at trading with the right training. He got a group of people together who had never traded before which ranged from a security guard to an actor and the group was of all ages and both sexes. He then taught them to trade in just 14 days, gave them accounts and they rewarded him by making over $100 million dollars in just 4 years. You maybe thinking that worked so how come 95% of traders lose money if anyone can learn to trade? Of course, some traders get the wrong forex training or education - but most fail due to psychological issues. Let's explore these further and other points, the experiment proved. What You can Learn From It We know forex is a learned skill but what always struck me about the story was - how quick they learned which proves, forex training is all about working smart, not working hard. It also proved that simple systems work best. The system taught was really just a long term, breakout, trend following system, with strict money management rules.Never believe anyone who tells you forex trading needs to be complicated it doesn't. Simple trading systems work best and always will, as they have fewer elements to break, in the face of volatile ever changing market conditions. You would probably expect all the traders to have the same results, as they all had the same training, system and money management tools to use. You would be wrong though; there were big differences in performance within the group. Dennis let them apply the tools themselves within his guidelines and the part the traders found the hardest was not learning the system - but applying the money management rules and keeping disciplined. If you think discipline is simple its not, it's very hard, to keep your emotions out when the market hands you losses and makes you look an idiot. Most forex traders believe the nonsense they read, about not facing periods of losses but this is rubbish - all traders face them and losing periods can last for weeks or longer, that's why discipline is so hard.To ensure the traders were as disciplined as possible, Dennis ensured they understood how and why the system worked, to give them confidence. He didn't just tell them to follow him without knowing why, they took responsibility for executing the trading signals. Could You Become Rich Trading Currencies? You may not become as rich as the above group but the opportunity is there, as anyone can learn to trade. Today, most traders believe they can follow others to success instead; they fall for forex experts, who tell them trading is easy and most never even think about losing and discipline! If you want succeed at forex trading, get the right forex education you need to consider all the above points and get yourself the right forex training. If you want to win you can and remember this: It's not the market that beats the trader; it's the trader who beats himself. Understand that success comes from your mindset as much as your method and you could make a lot of money trading forex. article source : http://www.articleblast.com/Money_and_Finance/Wealth_Building/Forex_Training_-_These_Traders_Learned_Forex_in_14_Days_and_Mad

Forex Trading For Beginners - 10 Facts You Need to Know For Forex Trading Success

This article is all about forex trading for beginners and facts you need to know before you start trading. You can make a lot of money but keep in mind most traders lose but by being aware of these facts and getting the right forex education, you can win... Let's look at our list of key facts for forex traders for beginners. 1. Forex Robots are NOT a Route to SuccessMore novices buy a robot and think it will give them riches with no effort and they end up disappointed - Why? Because most have never even been traded and present worthless paper simulations which mean nothing in the real world. There not real profits so avoid them at all costs. 2. Forex Day Trading Doesn't Work It's obvious that you can't tell what countless millions of traders, will do in short time spans. It's a good story and vendors know this but like the robots they only have paper simulations. 3. Anyone Can learn to Succeed This the good news! Forex trading is a learned skill and if you get the right forex education, you can win. 4. You Need to Have Confidence and Discipline This means accepting responsibility and learning the right information. Only then will you have the confidence to trade with discipline. So by all means get education from other - but success rests on your shoulders. 5. Big Forex Trends are Always Present They last for weeks, months or years and if you use a long term forex trend following strategy, you can make huge gains. 6. Leverage is an Advantage and Disadvantage Forex brokers will give you 200:1 as standard and most traders use it all. This is a mistake, over leverage simply wipes out more traders than any other reason. 10 - 20: 1 is plenty for most traders. 7. Markets Don't Move to Science You will read a lot about how they do and how you can follow a system that predicts and win, no you can't. Markets don't move to science, they are simply an odds based game and you need to trade the odds to win. 8. You are Going to Face Periods of Losses All the best traders do and it's how you handle them that will determine your trading destiny. Make sure you have strict money management and the confidence and discipline, to ride these periods out. 9. You Don't Need to be Clever or Work HardIt's a fact that a simple trading strategy can be developed by anyone and you can make a lot of money with it. A few weeks to learn and about 30 minutes a day is all you need - if you get the right education. No other business, gives you such great rewards for your effort. You get rewarded for being right, not effort in forex trading and that means working smart NOT hard. 10. Ignore the Majority View and You Will be Successful Forex trading success is all about ploughing your own path and ignoring the frequent myths you see online and also be prepared to not run with the majority - the majority of course lose, go your own path. You Can Achieve What You Want Want a good second income or even a life changing one? Well the opportunity is there for you and it's up to you what you achieve. Forex trading for beginners, sometimes seems daunting - but if you have read the above, you know what to do and can get on the road to financial success. article source : http://www.articleblast.com/Money_and_Finance/Investing/Forex_Trading_For_Beginners_-_10_Facts_You_Need_to_Know_For_Forex_Trading_Su

Course on Forex Trading

The term used to describe the trading of the currencies of the various countries of the world is called foreign exchange, forex or just FX. More than 1.5 trillion USD worth trade activities are conducted in the worlds largest forex market. The forex trade is not conducted by a central exchange unlike stock trading. Telephone or electronic networks are used to connect the two counterparts all over the world to make a trade. Moreover the forex market offers several advantages over equities trading.Moneymaking or wealth creation is the main goal behind any trade. The opportunities in FX are boundless and it far exceeds the slim margins and picks of other markets like equity or share trading. Moreover the risk involved is also much less and to top it all forex trading can be conducted 24 hours a day. There are always buyers and sellers available, who make this trade more liquid and stable among all others. The banks too provide liquidity to investors, companies and institutions. Just like any other financial instrument forex trading also involves a deep analysis about the fundamental and technical truths associated with the trade. Keeping in mind the general interest of traders looking forward to invest in forex, many forex trading courses are available. The main aim of this Forex Trading Course is to impart the necessary knowledge about the fundamental procedures and tips on better and professional trading policies. Forex trading courses offer valuable information related to the impacts on global currencies, market risks, market trends etc. it not only benefits the new trader who wants to set foot on alien grounds, but also the existing investors who wish to brush up their tricks of the trade. All the aspects of the forex trading, using the latest software’s and tools are what the Forex Trading course material is comprised of. Step by step guidance on trade environments, technical analysis, risk management, trading rules, global markets, economic and market indication etc are provided along with the hands on practical guidance from the experienced tutors from all around the globe.Many factors are to be considered before you make a decision to do Forex trading course. ‘Knowledge is power’ for all our daily diplomatic living. Knowledge on what we do and how we do, especially trading will not only enhance our business dealings but will also allow us to differentiate and track down market conditions. Managing our finance wisely will save us the fear and anxiety about our unpredictable and meek future. Forex trading courses often outline these basic business strategies in their course material. Forex trading courses are available as online courses and also through printed books. Free tutorials and financial guidance is also provided by many web sites. Choosing a professional Forex Trading Course will provide you with details on• The best time to trade specific currencies like Euro• How to anticipate movements and trends in the global market• Which pairs of currency to trade• Best time to enter the forex market• Market conditions and tips about efficient trading from experts• Technical indicatorsOverall a forex trading course should be a complete currency trading solution for all the queries regarding forex and its effective trading options. article source : http://www.articlesbase.com/finance-articles/course-on-forex-trading-126662.html

Choose Your Forex Trading Platform Wisely

Selecting a forex trading system that is easy for any user to use provides more than convenience. In the serious business of trading foreign currency time really is money and not just some empty buzz word.Let us begin to explore some other important benefits of a forex trading platform that contributes in major ways to the traders overall success.#1 Accuracy: of the forex trading platformForeign currency trading is done in real time while every second exchange rates quickly change. When a trader executes a forex trade and locks in the exchange rate that transaction should be recorded immediately.Since a quote can only be precise at the moment it's displayed any delays in processing the trade will cost traders in lost profits. Your forex trading platform software should access servers with the most accurate exchange rates available.A web browser based trading platform makes it easy to trade forex from any location in the world with Internet access since there is no software to download. This ensures that your stop loss and take profit targets are executed exactly as you placed them (the suggested method for forex trading).#2 Security: of the forex trading platformOf course it goes without saying that any forex trading platform you decide on should be highly secure to protect your account and private information. It should allow you to fund your trading account securely with a variety of options including credit card, western union and paypal if needed.#3 Integrity: of the forex trading platformA forex broker providing transparent services is a worthwhile choice for any forex trader. All costs associated with the trading platform and trading account in general should be disclosed up front.Integrity means not having to pay any hidden commission charges or fees for making deposits and withdrawals. Bank costs that are part of doing business as a forex dealer are not passed on to you the forex trader.Beware of any service provider that does not provide sufficient firewall protection and some sort advanced SSL for user authentication and data transfer.Forex Trading System can seem overwhelming If you're new to forex, and you're going to need forex charts to assist you along they way. while you develop your forex trading system, you will want to use the demo accounts that many trade brokers provide. They will most of the time provide free forex charts as part of their demo system.You can search the Internet for forex or "forex charts" for more details. The choices will be a bit overwhelming at first but you will be fine once you have done a little homework. You will have to do research to find a good match that fits your needs, both with the forex trading system and forex charts themselves. You may have to compare a few of them and match them up to get your specialized needs met.As you get beter and better with your new FOREX TRADING skills, you ll find you re more discerning of the tools. And you ll begin to notice more features on the forex charts. The forex trading signals should be standard on most site, however the way they integrate witht he charts may function differently and take some getting used to.So the more you search and find forex trading signals you ll find those that are a good fit that closely fit with your requirements. Your forex trading system will become more and more refined with practice. And that's the best way to learn forex by practicing with a demo account before you go live.Learning the forex charts and the forex trading system of different brokers will be frustrating to start. Stick with it, and it will be worth it in the long run. Don t accept the first one you try, or even the one your friend uses. The Forex trading system and forex charts are very personal so take the time to find out what works best for you. Because you're going to be spending a lot of time together. So get comfortable.The only way to pick a forex trading system and forex charts is to take recommendations and suggestions from this and other articles, trainers and friends. But then make it your own. Find a perfect fit for your forex trading system needs.article source: http://www.articlesbase.com/finance-articles/choose-your-forex-trading-platform-wisely-563689.html

Reading Forex Software Review Before Getting Forex Trading Software Online

Smart Forex Live is an online company that provides forex software review and forex trading software online. These reviews provide plenty of information regarding forex software to enable even the most inexperienced forex trader to use good judgment in purchasing forex software. The language used in the reviews is easily understandable, with little technical words. The forex software is evaluated based on its capacities and its shortcomings. The principles behind the forex software are explained. The common problems and concerns are discussed. The honesty and integrity contained in Smart Forex Live’s forex software review and forex trading software online make for very reliable opinions, which is rare in the Internet where scams are lurking in every corner. At present, Smart Forex Live provides forex software review for six products namely, the Forex Killer, the Forex Trading Machine, the 5EMAS Forex Trading System, the Profitable Trend Forex System, the Easy Forex Trading Platform, and the FX Instructor. First on the forex trading software online is the Forex Killer. It is ranked on top of the rest of the forex software for its dependability and reliability. It is a solid product that any trader can use – from beginners who are learning the ropes of international forex trading to experienced traders who wish to customize their forex software. The review covers areas such as the advantages of Forex Killer over its competitors, the risks involved in using the product, and its limitations. If this were any other company providing forex software review, the risks and shortcomings would not have been advertised. However, Smart Forex Live is neither advertising nor marketing subsidiary of any forex software manufacturer, so describing software limitations is not an issue. Second on the forex trading software online is the Forex Trading Machine. The review is likewise favorable, with a few limitations thrown in. The fact that forex trading using the Forex Trading Machine still demands interest on the trader’s part is emphasized. With all three principles behind the Forex Trading Machine discussed, the reader can compare the trading machine’s advantages over other machines. Third is the 5EMAS Forex Trading System, which is designed for persons who seriously want to learn about forex trading. Again, though the benefits of the software are spelled out, common concerns are likewise described. This way, the reader will not get the impression that the 5EMAS Forex Trading System is perfect, only to be disappointed later on. Fourth on the forex trading software online is the Profitable Trend Forex System, a trend analysis software that provides for special instructions and support to use it. As with the first 3 reviews, the cons are described. The fifth software reviewed is the Easy Forex Trading Platform, a web based software. Again, shortcomings are discussed lest readers think that forex trading is made easier than kindergarten with Easy Forex Trading Platform. Last of the forex trading software online is the FX Instructor, an educational tool in forex trading. All these forex software review have common threads – the actual use of the software by the reviewer and the actual description of the effectiveness and limitations of the forex software. Unlike other forex software review, Smart Forex Live can tell you the truth behind the marketing hype.article source: http://www.articlesbase.com/finance-articles/reading-forex-software-review-before-getting-forex-trading-software-online-377049.html

Review Of The Best Forex Trading Software Packages

You need Forex software, plain and simple. When you look at the fortunes being made on almost a daily basis in the Forex market, you may be thinking that you want to be a part of that. Sure, who wouldn't? But what you are not seeing is that although the Forex market is one of the largest in the world, where even major banks have complete departments set up to do Forex trading on a regular basis, you need to understand the Forex market.If you are just beginning, you need to know that there is a tremendous volume of data that needs to be analyzed so that you can make informed and intelligent trade decisions. You also need to be completely on top of things, since the Forex market moves very quickly, and you need to ready to buy or sell when the timing is right.There are several Forex software systems available out there which allow you various levels of control over each trade. These levels of control range from almost completely automated to somewhat automated to providing analysis only. What are your preferences and how well do you understand the Forex market and all the many factors that affect a currency's value in various different countries simultaneously? While you don't know to have all that knowledge at your fingertips at a moment's notice, you need to seriously evaluate where your knowledge level is, since that will tell you the type of Forex software that can best assist you with your Forex trading.If you choose a completely automated Forex software package, this is available and can be done. But a word of caution with this. You will need to have a tremendous amount of faith in the software, since it will be making buy and sell decisions with no or minimal inputs from you. Do you feel good enough about a computer software package that could lose you a mint before you could even press the off button? True, such software needs to be very good in order to run with almost no inputs from you, but then again, if it was that good, I have to wonder why anyone of legal Forex trading age would not have their own copy of it and amassing their own wealth on a daily basis.The Forex software packages in the middle ground provide some automation but take a far less risky approach. They can still run in automated fashion, but you have complete control over each transaction. You specify how much you want to trade, at what point you should execute your stop-loss order, how much profit you want to make figure, and various other parameters. While this could be good, it is still automation and does not maximize how much you could be making. For example, if you say that you want to make $10,000 on a particular trade, the program will execute a sell order when your profits have reached that goal. But there could be conditions in the Forex market where that particular trade would still have been profitable for you, easily reaching the $30,000 profit level, and how because of that automation, you may miss that opportunity.Still other Forex software packages do the analysis and number crunching of all the data and then present you with the analysis and summary, perhaps also including what the software may consider to be Forex trading signals. Based on your knowledge of the Forex market and what is going on in those countries, you make the decision about buy or sell, and how much quantity. This allows you to maximize your profits and minimize your losses, but it also requires you to have a very good knowledge of the Forex market.Whichever way you decide to go with your Forex software, choose the one that is best for the way you operate. Using the latest technology to assist you with the in-depth analysis of all data pertinent data is critical to maximizing your success and the right Forex software package can definitely help in that regard.article source : http://www.articlefeeder.com/Finance/Review_Of_The_Best_Forex_Trading_Software_Packag

Learn How To Maximize Your Forex Trade

The foreign exchange market is the largest of the financial markets, and doesn't trade in stocks. Instead, it trades in currency pairs, and you buy, sell or hold based upon how you think a particular currency is going to do against another. For this, you need to learn your way around the Forex market. It's also a very convenient market trading, because it trades 24 hours a day, seven days a week.With the Forex trade, you need to learn your way around this very different kind of market, and you need to learn how to do trades. Because of this, you'll need to practice a lot before you actually engage in trades for real money. There are several ways to go about this. You can take a course in the Forex trade, either online or in a real traditional classroom. You can also do self-study through a Forex trade course.Perhaps the best way to learn the Forex trade, though, is to do so with real, hands-on learning. You can do this by researching and then contacting a Forex broker you've chosen. When you've chosen your Forex broker, sign up for a demo account. A demo account lets you practice trade without risking any of your own money. Through demo trades, you can learn about the different types of orders and how to use them, you can learn about the different kinds of currencies, and you can learn about the two different types of analysis you're going to have to do in order to make truly informed trades.One type of analysis is called fundamental analysis. Fundamental analysis looks at a particular country's current health status in three different areas: political, economic, and social. If a country is particularly healthy in these areas, then its currency is likely to be healthy as well and will be strong. By contrast, a country that is lacking in any of these areas, or lacks in more than one, is going to have a weaker currency because of its instability. You as a Forex trader basically bet upon the fact that one currency is going to be weaker than the other in your pair, and you make your trades based upon this knowledge.The second type of analysis, technical analysis, also lets you predict how currency trades are going to do. With technical analysis, you examine trends in a currency's present behavior. For example, if a particular currency has been trading strong and going up in value, it's likely that it's going to continue to do so for at least the time being. If it's falling, it's also true that it's probably going to continue to do poorly. Therefore, you can make your trades based upon how a particular currency is behaving.Demo trades are also a very important way to learn about the Forex trade because they also teach you how to behave as a Forex trader. You're going to have to learn to be detached about your trades; if you are losing money, you're going to have to learn to get out if your research tells you to do so. Many inexperienced Forex traders simply hope that if they stay in, they'll make their money back. However, many Forex traders have lost their shirts with just this type of thinking.Similarly, you're also going after learn how to get out of a trade if your research tells you to do so even if it's doing well and is continuing to make you money. You want to get out before your trade "crashes" and you lose everything you've made.Another important thing to learn as a Forex trader is that you should never trade with money you absolutely need. Only trade with money you can afford to lose. Every successful Forex trader loses trades occasionally, and you will, too. So don't ever trade with the mortgage or other money you absolutely must have.Finally, learning the Forex trade by doing demo trades is also going to teach you that you need to keep your head in the event you lose a trade. However, if you do keep your head, do your research and follow what it tells you, you should be successful as a Forex trader.article source : http://www.articlefeeder.com/Finance/Learn_How_To_Maximize_Your_Forex_Trade.html

Using Forex Charts To Succeed With Currency Trades

It is important to remember that when reading Forex charts, that there are two basic approaches for online Forex trading. These approaches are known as the fundamental analysis approach and the technical analysis approach. The fundamental analysis approach does not rely on the standard Forex charts that one often sees on Forex Websites. This type of analysis relies on both political and economic factors to help determine which trades to make. Charts used for fundamental analysis are only used as a point of reference, and not a means of making a decision. Technical analysis on the other hand will try to forecast where the prices are going by analysis of historical price activity. In essence, those traders who use technical analysis study the relationship between the price of currency and the time of that price.The commonest traded pair of currencies are the common European currency, the Euro, and the American dollar. So by way of an example, we will use this pairing to help us illustrate how Forex Traders look at this information. In this example, the dollar is on the right hand side of the chart and the Euro is on the left hand side. The currencies being traded are expressed in relationship to each other in a pairing. Forex charges will always show how much of the currency on the right hand side is necessary to buy a unit of the currency on the left hand side. Looking at the chart you will notice that the number which is highlighted is the last price displayed on a specified date. The time of a change is recorded along the horizontal axis, at the bottom of a chart and the price scale is displayed along the vertical axis along the right hand edge of the chart. The time and the price are often in all caps to help the trader remember that technical analysis is about the relationship between the time and price of the currency at that time. There are many ways to observe the price and time movement on a Forex chart. Some of these include bars, lines, point and figure, as well as Japanese candle sticks, which is the most popular charting method. With the candle stick method the body of the candle is represented by a fat, red section. Lines project from the top and bottom which are the upper and lower wicks. When you look at all the candles on a chart it is clear that bodies can be different sizes and, occasionally, there is no body at all! The same approach is used with wicks. Candle wicks can be of many different sizes, or there may be no wick at all. The length of the body of the candle and the length of the wick are decided by the price range for the candle. An illustration showing longer candles indicates more price movement during the time that they were open. The pinnacle of a candle wick is the highest price for that currency while the bottom of the wick is the lowest price. A currency (or candle) is bullish when the size of the candle at the close is higher than it was at the open. In plain language this means that there were more buyers than there were sales during the opening time period. On the occasions that candles have no wicks at all, the indication is that the price of the currency opened but then dropped off consistently until it closed. Forex charts should not be considered a sure fire method for decision making, but they are a tool that can help a trader decide about a trade. Studies reveal that many Forex traders do use charts of some description on a regular basis. Historical trends do have their place in Forex trading as most traders will acknowledge, and using the charts to track historical trends can help a trader in making a decision today.More often than not, the charts are online rather than on paper. Many companies provide this online service, and by joining a service that provides the charts via the Internet a trader is able to stay very current indeed on currency activity. Charts can be verified on a minute to minute basis. For those who principally do their trading based on historical accuracy this can be a real help. Most Forex traders though use a blend of the two approaches. One could for example, chart historical trends, but also pay close attention to political, cultural and economic events within a nation. You could also use charts or other methods to check and see if a particular political event as a recent historical parallel that can be verified to determine how the currency behaved in past times. Merely following a single system is usually not enough. A trader should also be, to some extent at least, a student of history and of economics. There are numerous tools at your disposal to help you do well with Forex, and using these tools effectively will make you a much better Forex trader.article source : http://www.articlefeeder.com/Finance/Using_Forex_Charts_To_Succeed_With_Currency_Tra

Professional Forex Trading - 4 Steps to Trading Like a Pro and Winning

Forex Robots - The Vital Facts About These Critters You Need to Know

Forex Robots - The Vital Facts About These Critters You Need to Know
Forex robots are popular, and to be sure the sales hype is very enticing, but there is a key point that overlooked and there are some vital fact you need to know.Facts About Forex Robot TradingForex robots are without doubt a very important development in Forex trading. However there are some important facts that you should understand about trading with a Forex robot.First off the robots are trading your money.I know this may sound like a stupidly obvious statement but the fact is that no matter what method you choose to trade the Forex markets you will still be risking your own hard earned cash. This means that you need to know if your are ready to go to the market and risk real money, money that hopefully you can afford to lose.With That Out Of The Way...The fact is that emotions play a huge role in trading, fear and greed are an every day reality when it comes to trading and they can wreck havoc on your trading results by forcing you to make moves that are contrary to a sound trading plan.Knowing This Truth...The truth is that trading robots, also known as Expert Advisor software, can help substantially reduce emotional trading. They do so by removing the need to have your nose glued to a computer screen during active trading times. This removes the emotional stimulus that comes from watching every toss and turn and market hiccup.The Truth About Expert Advisor Software (aka Trading Robots)The fact is that every piece of Expert Advisor software was developed by humans. And humans are not perfect and neither will their products ever be as well. This means that if you are expecting a piece of software to "never lose," then you are in for a rude awakening.How It Works In The Real World...The fact is that every trading robot wins some and loses some, it is just that some are better at it than others. And at the end of the day, it is really about winning more money than you lost, that is the real world trading actually works.And it should be understood that each piece of software is optimized a bit differently, so that each one responds differently to each type of market, say a bullish market, or even to a particular currency pair.What You Really Need To Know About Forex Robots...The fact is that correctly chosen, Forex robots can be a real asset to Forex trading. However choosing one that matches your personality, and trading goals, along with the current market can be a bit tricky, and to be sure there are some frauds on the market (some with very big names), which makes the process of choosing the correct one a bit confusing and costly.Fortunately there is a great resource available on the web. If you would like an independent forex software review on currently available trading robots, including user reviews with profits and losses, click to http://www.forexproductsconsumerreports.com a consumer report site on Forex products.article source : http://ezinearticles.com/?Forex-Robots---The-Vital-Facts-About-These-Critters-You-Need-to-Know&id=1528510

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fx online trading

You need Forex software, plain and simple.When you look at the fortunes being made on almost a daily basis in the Forex market, you may be thinking that you want to be a part of that. Sure, who wouldn't? But what you are not seeing is that although the Forex market is one of the largest in the world, where even major banks have complete departments set up to do Forex trading on a regular basis, you need to understand the Forex market.If you are just beginning, you need to know that there is a tremendous volume of data that needs to be analyzed so that you can make informed and intelligent trade decisions. You also need to be completely on top of things, since the Forex market moves very quickly, and you need to ready to buy or sell when the timing is right.There are several Forex software systems available out there which allow you various levels of control over each trade. These levels of control range from almost completely automated to somewhat automated to providing analysis only. What are your preferences and how well do you understand the Forex market and all the many factors that affect a currency's value in various different countries simultaneously? While you don't know to have all that knowledge at your fingertips at a moment's notice, you need to seriously evaluate where your knowledge level is, since that will tell you the type of Forex software that can best assist you with your Forex trading.If you choose a completely automated Forex software package, this is available and can be done. But a word of caution with this. You will need to have a tremendous amount of faith in the software, since it will be making buy and sell decisions with no or minimal inputs from you. Do you feel good enough about a computer software package that could lose you a mint before you could even press the off button? True, such software needs to be very good in order to run with almost no inputs from you, but then again, if it was that good, I have to wonder why anyone of legal Forex trading age would not have their own copy of it and amassing their own wealth on a daily basis.The Forex software packages in the middle ground provide some automation but take a far less risky approach. They can still run in automated fashion, but you have complete control over each transaction. You specify how much you want to trade, at what point you should execute your stop-loss order, how much profit you want to make figure, and various other parameters. While this could be good, it is still automation and does not maximize how much you could be making. For example, if you say that you want to make $10,000 on a particular trade, the program will execute a sell order when your profits have reached that goal. But there could be conditions in the Forex market where that particular trade would still have been profitable for you, easily reaching the $30,000 profit level, and how because of that automation, you may miss that opportunity.Still other Forex software packages do the analysis and number crunching of all the data and then present you with the analysis and summary, perhaps also including what the software may consider to be Forex trading signals. Based on your knowledge of the Forex market and what is going on in those countries, you make the decision about buy or sell, and how much quantity. This allows you to maximize your profits and minimize your losses, but it also requires you to have a very good knowledge of the Forex market.Whichever way you decide to go with your Forex software, choose the one that is best for the way you operate. Using the latest technology to assist you with the in-depth analysis of all data pertinent data is critical to maximizing your success and the right Forex software package can definitely help in that regard.article source : http://www.articlefeeder.com/Finance/Review_Of_The_Best_Forex_Trading_Software_Packages.html

Getting Started With A Forex Currency System

Have you ever thought about trading in the forex currency system? Then you are going to have to really do your homework as to how to go about trading in it. You are going to have to be familiar with all the types of different currencies such as the yen, U.S. dollar, euro, etc. Unlike the stock market, the forex market is available to trade 24 hours a day.If you search the Internet, you will find that there are many programs out there that deal with the forex currency system. However, these strategies are rarely sold online. If that would be true, the owner of the system would be using these strategies to make money in trading currencies instead of spending precious time just marketing his product.One very popular trade in the forex market is the carry trade. This is made possible due to the fact that different countries have different benchmark interest rates. These interest rates fluctuate due to economic conditions. It currently happens that when one benchmark rate is on an upward swing, another country’s rate may exhibit a downward trend. Every time that you buy a currency pair having a positive interest rate differential, you will receive a credit every day for that interest rate differential. The reverse is also true.As far as the forex currency system goes, trend trading systems try to capture certain trends. In the long term, some forex pairs trade extremely well. The trend is your friend in the forex market.Today, there are many news trading systems in the forex currency system. Many people try to make a trade on the initial news spike after data is released. Prices can move in one direction quite quickly only seconds after a new release. This makes it an excellent opportunity to initiate a trade. If you want to get in on this and trade news spikes, you are going to have to have a very fast news feed.If you are going to be trading in the forex currency system, you are going to have to have a broker. He or she will be able to initiate a fast execution around the news releases. Not all forex brokers can operate as quickly as you would like or need to in this very fast paced market, so be sure the broker you choose can move quickly before the major opportunity for profit goes away.The idea of an automatic trading system that will make you gobs of money and will require minimal maintenance on your part is appealing to many people. The reasons appear obvious. Using the platform Metatrader4 is once of the most common form of automated forex trading. Unfortunately, many of these systems are not able to stand the test of time. You can find many of these automated currency systems for sale, but it comes with a high ticket price – so buyer beware!There is so much information you must as well as terms to be memorized such as absolute rate, accumulation/distribution, pip and accreting principal swap and a host of other terms that it will make your head spin.There are some online programs that will allow you to open a demo account and will give you a demo account to test your knowledge with so you don’t have to use any of your own money. When you have mastered the techniques and are in the black when making trades, then it may be time to think about trading with real money. Remember that the forex currency system can be tricky so it would not be wise to jump into this blindly without any instruction.article source : http://www.articlefeeder.com/Finance/Getting_Started_With_A_Forex_Currency_System.htmla

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الثلاثاء، 10 نوفمبر 2009

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Getting Started With A Forex Currency System

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