Forex Trading Strategies to Help You Make Serious Forex Cash

Forex trading strategies are based on two analysis. The first is known as the Technical analysis while the second is known as Fundamental analysis. Traders depend on both these analysis to make the trades. It's important to understand that all currency pair trades have their own trends, challenges, ups and downs. Its not one size fits all. Also by far the US$ is the most traded pair accounting for 28% of the total forex trade worldwide. It's the next best safe investment after Gold.
Fundamental analysis for forex trading strategies
Fundamental analysis forms one of the forex trading strategies that are used extensively by the traders. Most traders are never purist. They will always combine the two strategies. The fundamentals are actually all the factors that enable the economy of the country to function. This means that business, government and climatic as well as regional issues affect the currency as a whole.
These forex trading strategies can't however show a price trend or pinpoint exactly the value of the currency. It can tell you whether the currency would appreciate or depreciate in the coming months, but won't be able to tell you exactly in which price band the currency would move.
Of course not every factor will affect the movement of the forex rates forex trading strategies. There are some definite factors that will move the forex either ways. For example when the gold prices rise, the US dollar weakens, since gold and US dollar have an inverse relationship. But the AUD dollar strengthens since its world's third largest exporter of gold. So it can be seen that the same factor can affect the two forex in different ways.
Technical analysis for forex trading strategies
The technical analysis is used by forex traders to predict the future movements of the price depending on the historical data that is available to them. As is wont, history repeats itself and there are some predictable price patterns for the forex dealers. The patterns are known as signals for the forex trade.
The trader will try to understand the current market signal by studying the previous movements of the currencies. This is one of the forex trading strategies. Normally prices move in trends. This means that there are certain highs and lows of the price of the currency. After reaching the particular high, the trend will go down. For this reason, all traders like to get in low and sell at a high. This increases their chances of making higher profits.
The technical analysis is one of the forex trading strategies that helps the trader to choose their entry and exit points rationally and not get carried away. Too many indicators and pointers can also tend to confuse the traders.
For more tips and tricks on how you can make large amounts of money by trading forex, visit our Forex Software Review site where we show you the newest and hottest Forex software on the market including our Forex Tracer Review.

How I Reduce Currency Trading Risk

Forex trading can be a very risky business, so I want to show you how I reduce currency trading risk by only doing a few simple things. This market is quite exciting for most people since there is a huge potential for profit. But with anything that has great rewards, you'll find that it also has very high risk. A lot of people come and go in this market, most (if not all) lose their money. Rarely does someone get rich and leave. People just throw their money into the market and hope it will come out as a huge pile of money. Probably not going to happen. The key is to learn to protect your money from loss, while you learn the process of growing it. I've been trading in this market for sometime now, so I'll share what I've learned.
The number one way to reduce risk is cutting your losses. You're going to have bad trades, just like I have bad trades and the richest banks in the market have bad trades. The difference between good trades and bad trades doesn't really come down to the amount of bad trades, it comes down to how bad trades are dealt with. The sooner you cut your losses, the sooner you get some money back that you can reinvest in another profitable trade.
Another important step on reducing currency trading risk is having automated software. They make the most profitable trading decisions on their own, but they also have risk analysis built into the system. They look to make sure that the risk is worth the reward and make a decision based on that.
The Forex Breakout System is an excellent trading tool that encompasses proper risk analysis before making trades.
Learn more at the Forex Breakout System Review.

Forex Trader Training - Important For Currency Day Trading Success

If you are brand new to the forex market and would like to join the bandwagon and cash in on the profits that many say are to be found by trading in forex, don't despair. Forex trader training does not have to be an elusive goal for you. In fact, if you look, you can find many good resources right there on the internet.
Certain websites offer free books on topics such as money management and the psychology of training. There are also materials for those looking for materials that will get them started on basic forex trading. Of course, good starting points are always answers to what forex is, in laymen's terms, and a bit of forex glossary that a new trader may want to look over. After all, mastering the forex lingo is something every trader should do.
There are even free e-courses, interviews with brokers and you can also get information on different forex trading platforms. This may seem to be a bit of overwhelming information at first. What may be best is to start reading up first on a few articles that may contain answers to some of the questions you have regarding forex. You may want to know first how the whole system works, what you need to have, what the risks are and what you should look out for. At least you'll be getting an overview during your forex trader training stint. Then you can make decision whether forex trading is really for you.
Knowledge is power. Learn the most powerful forex strategies on the Forex Day Trading Profits website.
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Forex Trading - 10 Accepted Forex Wisdoms That Are Wrong and Cause Losses

If you want to win you need to forget about the commonly accepted wisdoms about Forex Trading told to you online. Most people follow them and remember - most traders lose...
1. Forex Trading is Easy
Vendors continually tell you this and tell you that they can lead you to success with little or no effort; alas it's not true, as we said 95% of traders lose! Winning, depends on having a sound forex education and knowing what you're doing. You're in charge and if you accept this, you can win.
2. Forex Robots Work
A Small minority do - but not the vast amount of forex robots sold for $100 or so.
Why?
Because they have never been traded!
The track records look good but that's simply because they are a back test, on historical data, knowing the closing prices, well if you the exact prices its not hard to make a profit. If you want to lose, the majority of forex trading robots are great way to do it.
3. Day Trading restricts risk and Increases Rewards
This is a dumb way to trade, it's pretty obvious that all daily volatility is random and you have no chance of winning long term. Sure, vendors claim profits but like the robots earlier it's all simulated profits on paper not real cold hard cash you can spend at the store.
4. Complex Mathematical Algorithms Can Predict
This always makes me laugh - forex trading is a market of probabilities not certainties, so what is the use of complex mathematics?
If I ever see a system based on complex maths, by some nerd I'm off to the next one. The best way to make forex profits is with a simple, robust trading system which has fewer elements to break than a complicated one.
5. Risk 2% Only per Trade
This is ok on 100k account - but let's see on a small trader account that equates to $20.00 - well short term volatility will have that. Risk 10 - 20% and remember - this is not being rash, it's simply risking enough to make enough and if you take calculated risks, when the odds are in your favour you can win.
6. Always Diversify
Again ok for a big account - but on a small account diversification simply means you dilute the potential profit of a great odds trade, with a marginal trade.
Forget diversification.
7. You Need to be on top of Market prices all Day
I have seen people who think this helps them win - it doesn't.
You should check prices maybe once or twice a day and that's all you need. This myth is put about by day traders, who lose chase prices around in random volatility and lose. Don't join them and get caught up in the noise.
8 You Need to Constantly Educate Yourself
The more you learn the better a trader you will be - rubbish!
Forex trading has got nothing to do with this. You don't get your reward for your effort, you get rewarded for making money with your trading signal and that's it.
I have never changed my forex trading system in 20 years, it works, has losses but the profits are bigger. Sure its not perfect but no system is.
Saw someone giving forex advice that you should write down and learn from your losses really?
What use is that you lost! All trading systems have losses, if your system is soundly based profits come as well - there is nothing to learn.
9. Use a Demo Account
To see if you can win in real life use a demo account. Fact is most traders who win in demo accounts, don't win in the market - why? Because there is absence of pressure and forex trading is a pressure environment, money is on the line.
It can help you get familiar with the trading platform but that's it.
10. The More Leverage you Use the Better
Most people think that brokers give 200 or 400:1 leverage out of the goodness of their hearts. In reality, most are market makes i.e. they win when you lose and they know investors will over leverage and blow their accounts up. 10 - 20:1 is plenty of leverage on most accounts.
Final Words
So there you have 10 commonly accepted wisdoms, that most traders believe and there all wrong. If you want to win understand the majority lose and believe one or all of the above so called wisdoms - don't make the same mistake.
Get a sound forex education and focus on doing what the majority don't do and you can win.
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For free 2 x trading Pdf's, with 50 of pages of essential info on Making Money in Forex visit our website at: http://www.learncurrencytradingonline.com

Forex Trading Software - The Software of Champions Or Tragedies - It's Up to You!

Your sole objective of selecting your Forex (FX) trading software should be to optimize your profits over the long term as opposed to maximize your profits in the short term. The software should function well in all trading environments and be able to produce consistent profits which every way a particular currency happens to be moving at any given moment. There are so many Forex trading systems on the market today that the decision of which one to purchase first can be confusing. Each and every FX trading system is programmed a little differently and offers a distinctive approach to trading.
If you are an experienced trader and are now looking to upgrade from the manual trading process to computer based system then it is imperative that the first step is to examine your on individual method of trading and be honest with yourself. After all, do you want to purchase a trading system based on trends when you a signals trader? Or if you're a long term investor do want a system based on day trading?
Maybe you have not been successful trading to date and are attempting to blame the software. If that is the case then you really should take a long hard look at yourself and determine if it's the software or is it you. If you decide that it might not be the software, but the fact you have not been executing your trades properly then instead of purchasing a new system immediately you should strongly consider an additional online training course.
The vast majority of the top notch FX trading software on the market today has been examined numerous times by both the developers of the software and many independent testing agencies. As long as the software you purchase is a state of the art system is has been proven that it is capable of producing long term profits if utilized properly. Unfortunately, far too many people jump into currency trading which can be a highly lucrative field but is also a very competitive area with little or knowledge of the foreign exchange markets.
If you are a new comer to the FX markets, then please first invest in one of the many excellent online course that will educate on the details of the market before attempting to jump right in with an automated trading system. The cost of these courses is so minimal that they are easily made up with one successful trade that it is just unconscionable that anybody whom has little or no knowledge of the markets would want to start trading without first taking a course.
The software you select can really make you a hero in the eyes of your family if you are educated on the markets sufficiently to understand them and have the software work for you as the tool it was designed to do. When selecting the software there are only a few vital points to consider. The first being to make sure you purchasing a top level program which is updated as required by the market movements. The next and final step is to a pick a software that is based on your personal profile of trading. If you're a newcomer to the markets then make sure you are selecting a proven system and make sure it is a general system as opposed to one that focuses on a specific style of trading. This will give you time to learn the different aspects of trading first and develop your own approach.
William R. Alheim, Jr., CPA, MA - For More Forex Trading Software - Visit http://www.tradingforexreviews.com/ to learn more about Forex brokers, systems and courses. Good Luck! I look forward to seeing you on the trading floor making money!

Learn How to Successfully Handle a Forex Managed Account With the Help of Robotic Software

If you are one of the many who have just started taking interest in the potential monetary returns of trading in the FOREX market, then the first thing before you do anything else is to learn about how to successfully trade FOREX on autopilot.
Sure, you can try doing it using a very hands-on approach but that would set you back instead of taking you further.
Many traders use autopilot systems that basically does all the trading for them, day in and day out. So you can go do what you want or need to do and not worry about not making any money at all. However, don't think that just because you have this autopilot system you can forget about learning the basics of trading FOREX.
That is a big no, no. You would still need to learn and understand how the market ebbs and flows. Why? That's because it's one, if not, the only way to be truly successful in trading currencies in the FOREX market. Of course there are plenty of reliable autopilot systems like the Forex Tracer and the Forex Funnel which are both effective and efficient in searching for the best possible trades.
After learning the basics of Forex trading, another thing you should consider is to get more information as well as to familiarize yourself with the numerous techniques and strategies used in trading and you can do that through getting into "clubs" such as Forex Brotherhood that would provide you with all the information you need.
The best part about these clubs is that you get information from the best of the best in the industry so you are guaranteed that whatever strategy or technique you will learn has been tried and tested.
I personally started out with this remarkable and easy to use automated trading software named Forex-Brotherhood. And amazingly, it made my work so simpler and make my Forex trading so hassle free that now I Literally earn money on auto pilot after 1-2 months of set up. You can Check this and some other great software and it reviews - http://revenueboosterz.com/forexsoftwarereview.html
To know more about Forex trading and automated software click here FOREXROBOTREVIEWS

Electronic Currency Trading - an Opportunity For Wealth For All

Electronic currency trading has bought the vast potential of this market to anyone with an internet connection and a computer and some small seed capital. Here we will look at how anyone can learn to trade currencies and enjoy success if they follow some basic guidelines.
The first point to make is that over 95% of traders who try electronic currency trading lose their money and the reason is they either get the wrong education or do not have the mindset for success. So what do you have to do to be successful?
First let's take a look at the advantages trading currency online gives you and here are just a few.
- Anyone can learn currency trading and succeed - no special education is required
- You only need an internet connection and some seed capital
- You can trade for big profit opportunities every day
- There is never a recession, as one currency rises another must fall and vice versa
- You can trade in around 30 minutes a day or less
- You can leverage your investment by 200:1 or more!
As you can see there are many advantages of currency trading but you need to know how to use them and use them wisely especially leverage. Leverage is the key to big gains but it also wipes out more trading accounts than any other factor.
Leverage is simply the ability to invest more than you have in your trading account. If you have $500.00 in your account and leverage by 200:1, you have the potential to trade $100,000!
Be Careful With Leverage
The reason most traders lose is they don't understand how to use leverage. While 200:1 is tempting to use, on small accounts it leads to a swift wipe out of equity. If you have a small account 20:1 is plenty to use.
Be Patient
The other point to keep in mind with electronic currency trading is that while there are opportunities to trade each day, you only want to trade highs odds trades and this means being patient and trading infrequently.
Another reason novice traders lose is they simply trade too much and trade low odds scenarios.
If you want to make money at electronic currency trading, trade high odds set ups and they come around only every few weeks but remember you don't get rewarded for trading often, you get rewarded for being right.
I know traders who trade less than 20 times a year yet make triple digit gains and you can to!
Discipline is the Key
The key to currency trading profits is to have a robust simple currency trading system you have confidence in and can apply with discipline.
You must be able to apply your system with discipline through losing periods, until you hit a home run (which you will if your system is based on sound logic), in currency trading you have to lose to win and not lose discipline.
The Road to Currency Trading Success
Currency trading looks easy but of course appearances can be deceptive and while anyone can learn to trade currencies, you need to get the right forex education and mindset and apply your trading system with confidence and discipline.
Electronic currency trading, if you prepare yourself correctly can be the gateway to a lucrative second or even a life changing income. Its exciting, its fun and if you put in a bit of effort, you can enjoy currency trading success.
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ESSENTIAL FOREX TRADING COURSE
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Best Forex Trading Software

The best Forex trading software on the market is the Forex Killer and I want to talk about it. When it first came out it was looked at with a lot of criticism, not because of its quality, but from other products on the market that turned out to be duds. Even with the criticism at the start, the greatness of this product prevailed, even appearing on CNN.
A great feature of this software is that it is an independent program, meaning it doesn't use it's own special date feeds. You can manually add your own and use that. It is very easy to import such data as SignalSoftware, DealBook360, and MetaTrader4.
When you first start using this software leave all the settings as default, especially if you're new to Forex. The software is very useful, it's just like anything, you need to learn how to use it properly. If you add in an extensive leverage value, you may find that your currency has already been traded off by the time it turns around and becomes profitable for you.
Lastly, from my own person use with this software, I've had more profitable trades with up and coming currencies. For example I had a good run with the Canadian dollar that has rose from 63 cents US to parity with the US dollar. I've also had great success with the Japanese Yen that is continuing to climb against the US dollar.
I've had to say the best Forex trading software that I use is the Forex Killer. It will help you process the enormous amount of data that comes with currency trading.
The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

Currency Trading Profits - A Simple Home Business Solution

Trading currency for profits as a home business is quickly becoming one of many ways to secure a stable second stream of income. However, before you go jumping into the forex market, it's important to educate yourself on how it all works.
We are well aware of various currencies across the globe, the Yen, the Euro, the USD and the Canadian dollar just to name a few. However, what many do not know is how we can use the currency market as a home based business, and a very profitable one at that if done correctly.
You see, currency trading, also known as the forex market is a 1 trillion dollar business and people are constantly buying and selling their currencies in exchange for another. Where currency traders capitalize on this market is when they purposely buy or sell a specific currency and hang onto that currency for a short period of time with the intention of exchanging it back when that currencies value has increased. This is also know as the forex market where speculators buy and sell currencies all day long to make a profit and in some cases a big one.
The forex market offers an opportunity for one to capitalize and run it as a home business. The internet and retail brokers have made I possible for the average person to open an account for as little as $50 where they can begin trading with hours. However, before you get the idea of jumping right into the forex market it's strongly recommended to educate oneself first and follow a few important guidelines.
First understand that currency trading or the forex market should be treated a business and not as a hobby. If treated like a hobby, you are more than likely going to get out what you put in. Secondly, the most successful traders use a system to their trading, whether it's technical and fundamental. By technical, we mean following a set of indicators or rules to enter and exit a trade and by fundamental, we mean paying attention to worldly news.
For the most part, over half of the traders are technical traders and use a system or set of rules when trading. They have every bit of confidence in their system and know that even if they inquire a few losses, in the long run their trading system comes out on top. It's suggested to find a system and stick to a plan when considering forex as a home based business. Where people go wrong, is when they trade based off of pure gut instinct having no idea why they took the trade in the first place. Be sure to do your due diligence and seek out a system that's going to work for you.
Tim Rohrer is an established writer and currency trader. To learn more about a profitable currency trading system, visit currency trading for profit

The Best Forex Trading Programs

Forex trading programs are quickly growing in popularity in forex trading circles. This is because they enable you to trade both more accurately and timely.
The first way in which forex trading programs are superior comes in the form of timing. As the forex market keeps much longer hours than the traditional stock exchange, you've got to be able to keep on top of the market at all times. While this can be next to impossible, forex trading programs were designed to take most of the weight off of your shoulders. Most of them are sophisticated enough to trade on your behalf and in your best interest at all times.
For example, say you're invested in a trade, and the market fluctuates out of your favor and you stand to begin to lose a great deal of money. At the earliest indication, the forex trading program senses this and trades away for you, thus minimizing your losses. This idea of the program watching over the market brings me to the next major advantage of forex trading programs.
Quite possibly the most important way in which forex trading programs can make you more successful in the forex market comes in the form of accuracy. The best forex trading programs come with tip indicators built in. These keep a constant and tireless watch over the market at all times. Instead of relying on guesswork, they make use of complex, calculated, and most importantly tested algorithms to form their tips.
Most of these programs are tested months or even years in advance to assure that they're as precise as possible before being released and made available to traders. Most traders swear by the predictions which they receive from these programs. If you want the most accurate and precise information affecting your trades day in and day out, there is honestly no substitute for forex trading programs.
Start generating some reliable and guaranteed income and realize your own financial independence by visiting http://www.forexautotradingreviewed.com for in depth reviews on the leading forex trading programs available today.

Forex Robot Software Taking Over the World

Forex robot software is software where the forex trades are automatically traded without any human intervention. The software is based on highly specialized and sophisticated algorithms. The software's are designed by highly trained and experienced traders and forex managers. There are a number of these softwares available online. The minimum lot size can differ from one software to another. Many of them charge $10,000 as the minimum account size.
Some of the benefits and advantage of this type of software are:
It relieves the traders of constantly monitoring the system. The Forex software will trade and manage the account according the specific instructions and customization by the trader.
The robot software is designed to look at the short term opportunities that are present during the day for trading of the currency pairs. The software uses highly advanced algorithms to execute and place the orders.
Forex software is used by traders to diversify their portfolio including forex, stocks, mutual funds and real estate. Many existing forex managers and traders use the Forex robot software to trade a portion of their funds while trading on rest of the capital using other forex trading software.
Robot software is also for those who aren't very comfortable their own capital and would rather let someone else trade for them. It's also for those traders who can devote only part time for trading in forex. Also many financial institutions want alternative places where can invest money. For them Forex software provides the opportunity to trade in forex.
Many forex brokers also offer software to let their customers minimize their losses.Good Forex software offers the trading companies customers alternative choices.
Forex software usually trades in the major currencies of the market and not the minor currencies. The software is also managed by professional forex dealers. It also offers trading opportunities in rising and new markets. All the reporting is done in real time and the reports can be generated at any time by the customer.
Many of the Forex robot software packages also allow the customers to participate through the Individual Retirement Plan (IRA) and though certain customer retirement plan. Forex is a high risk, high gain investment.
Currency markets are extremely volatile and liquid. Traders are also allowed to take out their money as and when they require it making it one of the most liquid investments. With this type of software you would think that you may be able to take over the world with all your money but the truth is while Robot Software is good, it is not the be all and end all otherwise forex traders would rule the world.
If you would like to to see some of the best automated forex software around simply visit the site below.
For more tips and tricks on how you can make large amounts of money by trading forex, visit our Forex Software Review site where we show you the newest and hottest Forex software on the market including our Forex Tracer Review.

Factors Influencing a Currency Pair Exchange Rate

Introduction
The exchange rate refers to the value of the US dollar against the values of currencies of other countries. Such a rate helps determine how much we pay for imported goods and services and how much we receive for what we export, among other things. When the value of the US dollar drops, imports become more expensive, and we tend to reduce the volume of our imports. Simultaneously, other countries will pay LESS for some of our products and that will tend to boost export sales. If imports and exports are a substantial part of a country's economy, as is the case with Canada, the exchange rate plays a particularly important role in our economy. The exchange rate between two countries' currencies is particularly important if the two countries are heavily involved in trade.
What factors affect an exchange rate?
A country's exchange rate is typically affected by the supply and demand for that country's currency in international exchange markets. This is typically known as a floating exchange rate. If demand, for say dollars, exceeds supply, then the value of the dollar will go up. If however, the supply of dollars exceeds demand, then its value will go down. A huge amount of money is bought and sold on international exchange markets for many different currencies.
Several factors influence the supply of, and demand for, a given country's currency.
If INTEREST rates are HIGHER in, say, the US than in other countries, then investors WILL choose to invest in the US, increasing demand for the dollar, provided that the expected rate of inflation is not higher in the US than among our trading partners. If INTEREST rates are LOWER in the US than in other countries, investors will choose NOT to invest in the US, decreasing demand for the dollar.
If the US INFLATION rate is HIGHER, investors are LESS likely to prefer the US -even with higher interest rates- because of the expectation that the value of the dollar will be ERODED by inflation. If our INFLATION rate is LOWER, investors are MORE likely to prefer the US, because there will be NO expectation that the value of the dollar will erode.
Trade balance also has an effect on a country's currency. If world prices for what a country exports rise in comparison with the cost of that country's imports, that country will be earning more for its exports than it pays for its imports. The more demand there will be for that country's currency, the better the deal becomes. If investors are confident that the US economy will be strong, they will be MORE likely to buy American assets, pushing UP the dollar's value. If investors are not so confident that the economy will be strong, they will be LESS likely to buy the country's assets, pushing the dollar's value DOWN.
Joshua Kunken is Chief Currency Analyst for ForeignMarketWatch.com

Forex Market Overview

"FX" is an abbreviation of "forex" or "foreign exchange." Foreign exchange is the largest and most liquid market in the world trading approximately $2 trillion every day (that's over 30 times the daily volume of NASDAQ and NYSE combined). The forex market is a cash interbank/interdealer market. In simplest terms, this means the foreign currencies traded in the forex market are traded directly between banks, foreign currency dealers and forex investors wishing either to diversify, speculate or to hedge foreign currency risk. The forex market is not a "market" in the traditional sense due to the fact that there is no centralized location for fx trading activity and, therefore, trades placed in the forex market are considered over-the-counter (OTC). Forex trading between parties occurs through computer terminals, exchanges and over telephones at thousands of locations worldwide. CFOS/FX clients can trade through online forex trading platforms and/or over the telephone directly with a forex broker on our trading desk.
Until recently the forex market has not been available to the small speculator. The large minimum foreign currency transaction sizes and financial requirements left this market in the hands of banks, major foreign currency dealers and the occasional large fx speculator. Now, with the ability to leverage large positions with a relatively small amount of capital (margin), the forex market is now more liquid than ever and available to most investors.
Five major currencies dominate trading in the foreign exchange markets: the U.S. Dollar, Eurocurrency, Japanese Yen, Swiss Franc and British Pound. The foreign currencies are traded in pairs, also known as crosses, in the forex spot market. For example, purchasing the EUR/USD in the forex spot market simply means the purchaser is buying the Eurocurrency and selling the U.S. Dollar in anticipation of the Eurocurrency gaining value in relation to the U.S. Dollar. Similarly, the seller of a EUR/USD contract would be selling the Eurocurrency against the U.S. Dollar. Official figures show the U.S. Dollar is on one side of 83% of all spot foreign exchange transactions. The "spot" market simply refers to a currency contract with a prompt valuation date requiring settlement within two business days.
Over the past several decades, an increase in international trade and foreign investment has made the economies of the world more interrelated. New opportunities for investors have also been created with the fall of communism and the dramatic growth of the Asian and Latin American economies. Today, supply and demand for a particular currency is the driving factor in determining exchange rates. Many factors such as regularly reported economic figures and unexpected news reports, such as disasters or political instabilities, could also alter the desirability of holding a particular currency, thus influencing international supply and demand for that currency. It should come as no surprise that many shrewd investors have already taken advantage of the fluctuation in exchange rates to profit handsomely.
John Nobile - Senior Account Executive
CFOS/FX - Online Forex Spot and Option Brokerage

Forex Trading Robots - 3 Reasons Most Destroy Your Equity Quickly

There are numerous Forex trading robots for sale and they all promise big gains but the reality is 95% or more will wipe your equity out and do it quickly. There are very few that work but if you want to find one that does and enjoy currency trading success, read this article.
Reason 1
The Track Record Is Simulated
This applies to almost all the ones you see online. They all claim big gains but the reality is, the track record is a paper simulation and not real money at all.
Always check for the warning below on any forex trading system and if you see it - forget it.
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Anyone can make money in hindsight, knowing the closing prices but that's not the real world.
Personally, I am not too interested in paper money; I like cold, hard, crisp real dollars.
Reason 2
The Track Record Is To Short
I was amazed the other day to see someone presenting a month of trades as his track record - what does a month of gains prove in forex trading?
Nothing.
The time period is way to short.
If you are judging a track record, look over 2 - 3 years, so you have a variety of market conditions and can judge it properly.
Forex trading is a long term game and many of the best traders in the world, have drawdowns of weeks or even months before recovering.
In terms of track record its - the longer the better.
Reason 3
Confidence Issues
It sounds easy to simply plug a forex robot in and trade it however its anything but, as you have to be disciplined and keep applying the trading signals, even when the system losses.
Many traders have good systems, but simply cannot apply them, because they don't have confidence in the system.
To obtain confidence, you can't follow a system blindly!
You need know how and why it works, so that you can follow it with discipline.
Don't buy systems where the rules are not revealed ( "black box systems") and make sure you know why the system will make you money longer term.
Big profits in Less than 30 Minutes a Day!
If you follow the above tips when choosing a forex trading robot, you can find one you can have confidence in and gives you the opportunity to make big forex gains.
Take your time and make sure, you find one that is proven and you have confidence in, you're then all set to make great profits in less than 30 minutes a day.
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A Short Introduction To Fibonacci Forex Trading

Fibonacci forex trading is the basis of many successful forex trading systems that are used by a great number of professional forex traders around the world. Trading systems based on this “numbers sequence” are so successful that billions of dollars are earned every year by traders following its rules.
Fibonacci was an Italian mathematician and he is best remembered by his world famous Fibonacci sequence, the definition of this sequence is that it’s formed by a series of numbers where each number is the sum of the two preceding numbers; 1, 1, 2, 3, 5, 8, 13 ...But in the case of currency trading what is more important for the forex trader is the Fibonacci ratios derived from this sequence of numbers, i.e. .236, .50, .382, .618, etc.
Forex traders can greatly benefit from this mathematical proportions due to the fact that the oscillations observed in forex charts, where prices are visibly changing in an oscillatory pattern, are known to follow Fibonacci ratios very closely as indicators of resistance and support levels; maybe not to the last cent, but so close as to be really amazing.
Additionaly, one important thing to remember is that Fibonacci analysis is a leading indicator. What this means is that by learning the correct Fibonacci trading tactics and techniques you will know how to determine the most probable turning points in the market before the price gets there. Yes, you can know what the forex market will do in advance!
For example, one of the widely used Fibonacci ratios is the 0.382 ratio. As it can be easily seen on any forex chart, the currency prices are continually changing and they follow an oscillatory pattern with peaks and valleys. The limit of the peak is usually called a resistance level while the valley is usually called a support.
In order to find the 0.382 ratio level what you do is, first; measure the size of the drop or rise over your time of interest. Once you have that value you multiply this by 0.382. Now depending on what you are looking at, a rise or a drop on the price of the particular “currency pair” you are trading, you will add the last value you calculated to the total drop or subtract the value from the total rise.
Once you have the value you can then start planning the strategy you will follow in order to make a high probability profit from this valuable information. For the 0.382 ratio level calculated for a recent rise in the “currency pair” exchange price, your calculated level will be a highly probable support and for the case of a level calculated for a recent drop of the prices your level will be a highly probable resistance.
Many people tries to make this analysis overly complicated scaring away many new forex traders that are just beginning to understand how the forex market works and how to make a profit in it. But this is not how it has to be. I can’t say it’s a simple concept but it is quite understandable for any trader once he or she has grasped the basics and has had some practice trading using Fibonacci levels along with other secondary indicators that will help you to improve the accuracy of the entry and exit point for every particular trade.
For a complete Fibonacci Trading course that will teach you how to pre-determine the highs and lows as the Pros do, you can visit:
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Forex Killer Software - Does the Trading System Work Or Not?

There are literally hundreds of forex expert advisors (EAs), forex trading signals and forex trading systems on the internet for sale or lease. I have purchased, used, and tinkered with many of the more popular ones both for myself as an investor/trader and as part of my R&D for my internet business. In this article, I'm only going to skim the bottom line about the Forex Killer Software. Forex Killer is a trading software developed by Andreas Kirschberger that uses statistical analysis to come up with trades that give you the best probability of profits. Because of all the benefits, I recommend this software.
The world of Forex trading is becoming more mainstream as an investment vehicle for obvious reasons. You can make a fortune in Forex. And, to be fair and honest about it, I'm also required by the National Futures Association (NFA) to warn you that you can lose every penny of your risk capital in Forex as well. Don't invest with money that you can not afford to live without. Many investing novices will enter into Forex trading without any prior ability to read technical charts, lacking in money management control, and the lack of discipline to control their fear and greed when trading Forex. They often discover these short comings after it's too late as in the "school of hard knocks."
One of the other problems that novice forex traders face is deciding when to enter a trade. After all, if they lack all of above mentioned skills, they will soon enough lose a major portion of their risk capital.
This indecision as to whether the signal is "right" or "wrong" causes an considerable level of stress and uncertainty which can cause individuals to otherwise miss highly profitable trades! In other words, they are not sure what they are doing and they lack the control and clear mind.
Here is how this software can help in this area until you gain some experience. With the Forex Killer software, you get a automatically completely program calculated solution for that trade you are considering at that point in time for that specific currency pair which is unbiased. The Forex Killer software will generate the signal and the probability in percentages for that trade. Example, Buy EUR/USD - 80% probability of success. Obviously, the lower probability below 70% is not worth the risk and you simply wait for the next home run signal.
The Forex Killer software is what is called a mechanical trading signal generator that removes any uncertainty from taking a trade even if you don't know what you are doing. Hence, this means you no longer will have to wonder "I can't believe I missed that trade" that broke out strongly into mega pips profits. There's no more time consuming guessing whether you should take a trade because your decision to make the trade or not is completely and totally generated by the Forex Killer software. It's unemotional, it's unbiased, and it can be highly profitable for you some where in the range of 7 out of 10 trades. Yes, there are little secrets that I have discovered and employ to increase the profitable outcomes even more.
Whether you are a complete novice, a forex day-trader or position trader with years of experience, the Forex Killer software works great in finding those profitable trades to take and which ones to avoid. With the Forex Killer software probability calculator, you can decide to take only trades that have a +70% or higher odds of being profitable! By doing so, you are astutely being guided by using the Forex Killer statistical analysis programming to put the odds in your favor. It means you ignore some signals generated (<70% odds). This software is not just for novices. If you have technical chart reading skills, you can make even better decisions based on your own filters or indicators you have. However, the Forex Killer software already takes a major load of finding profitable trades off your back!
I've found that the Forex Killer software works for me and does remove emotion and guesswork from forex trading when used correctly as part of your investment tool shed. You can make hundreds of pips a week or month depending on how much you trade. With your purchase of the Forex Killer software, you get upgrades FREE for life and the customer service and support is fantastic. I've already upgraded my version twice, with improvements in the software each and every time.
What is the Forex Killer Trading System? Just check the trading results that Andreas and the Forex Killer team make every month!
The Forex Killer software has personally helped me a great deal with my forex and stock trading. Yes, the Forex Killer software can be used to help trade stocks, indexes and ETFs as well. That is one of several secrets I have discovered. Wishing you all the "best of good buys!"
To learn more about The Forex Killer software, please click here: http://www.forex-killer-secrets.com

Two Currency Trading Methods- Which Will You Choose?

The two main currency trading methods we are going to outline in this article are:

1. Using Leverage
2. Taking Ownership

Once a reasonable amount of experience and knowledge has been gained in the currency trading market (FOREX) it can be very profitable to combine both methods. Here are the main characteristics of each:
1. Using Leverage
Beginners in currency trading will typically find an online broker, open a free demo account, read a manual or take a tutorial, and start practicing speculating skills based on technical indicators.
Through the online broker they are able to use leverage so if they eventually decide to open a mini account, a 100:1 leverage means that with $1 they can participate in the market with $1,000. If in time they graduate to a regular account, 1 trading lot of $10 can be leveraged by the broker so $100,000 can be traded for another currency.
Many newcomers to currency trading concentrate on getting small profits, getting in and out of the trade quickly, usually taking no longer than a few hours at the most. Day trading necessitates learning how to read candle charts, recognizing patterns, and anticipating where price is likely to go.
As many new traders find when they have been currency trading for a while, it is possible to have a succession of losing trades, and without proper equity management, their account can be blown necessitating another cash injection to allow them to trade again.
A series of blown accounts can add up and many view this as part of their currency trading education expenses.
Alternating between a demo account and a mini account can reduce the cost so the new currency trader can regain confidence in the demo before going back to live trading again. Eventually, the hope is that the trader will develop a consistent trading pattern so more trades are won than lost so their equity gradually increases.
2. Taking Ownership
This method of currency trading still requires a learning curve as one has to anticipate the market moves and recognize chart patterns. Unlike using leverage however, the risk of financial loss is smaller and you are not in danger of 'blowing your account.'
It simply means you create a portfolio with whatever funds you wish to commit to currency trading and open bank accounts in each of the currencies you wish to trade.
For example, you may wish to open bank accounts for any of the following:

• US Dollar
• British Pound
• European Euro
• Japanese Yen
• Swiss Franc

Of course, more substantial sums of money are needed to make this method of currency trading worthwhile after taking into account bank transfer charges.
However, if you have x,000 dollars or euros or any of the big five currencies to commit to currency trading this method is certainly worth considering.
After studying technical indicators and learning about support and resistance and Fibonacci calculations, you will soon recognize key patterns on the higher time frame charts. Using daily and weekly charts will bring to your attention currency pairs that are in an up or down trend or pairs that appear to be topping out or reaching a strategic high or low.
If for example the British pound reaches a high against the dollar that is the highest it has been for many years, there is a reasonable possibility that it will not stay at that level. Taking a portion of your equity and buying dollars would make good sense. Within a few days or weeks depending on your profit targets, the pound is like to come down at which time you sell dollars and buy pounds.
For example, with GBP10,000 you purchase dollars as the pound touches 2.000 against the dollar. You now own USD20,000. Within a few days the pound pulls back to 1.9800 at which time you sell dollars and buy pounds giving you GBP10,101 less bank transfer fees.
This is just a quick example of how the ownership method of currency trading works. Of course, the currency may not go in the direction you anticipate in which case your equity will be reduced. You will then need to hold that currency until such time it increases in value. Alternatively, you may see another opportunity involving a different currency cross and be prepared to take a loss in order to use that capital in a new trade.
Once currency trading skills have been acquired, the ownership method can be quite profitable, especially as your equity increases. This method requires patience as ideal setups may not appear very often. But when they do you can commit a reasonable part of your portfolio to the trade with a high probability you will profit.
Currency Trading Is High Risk
Currency trading is viewed as a high risk enterprise, and with good reason. A very high proportion of those who attempt to trade the Forex fail and give up in time, up to 95% according to some authorities. Other veteran traders suggest it can take from a few months to 3 years to gain the necessary skills - quite a learning curve!
Those who have the psychological stamina and determination to ride the bumps, accept the losses, and keep coming back until they are able to make consistent profits, are generously rewarded with a changed financial status.
To learn how to preserve your mental and emotional resources in addition to your account equity click here:
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If you are looking for a comprehensive Forex education with mentoring from professionals check this:
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For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator click here:
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Anyone Can Learn Swing Trading

When I first came into Forex trading I like many others was looking for the ways to make quick cash. That's why I thought that shorter-term trades like scalping are the best way to do it. Later I found out that longer term trades like swing trades work best for me. I believe it's also the easiest way to start trading currencies profitably and any beginner should start with swing trade technique. The long-term swing trading has quite a few advantages over the short-term techniques.
Just to name a few of them these advantages are:
1. Anyone trading part time can start with this techniques
Indeed swing trading techniques requires much less time to monitor a trade. For a daytrading one needs to baby-sit his position continuously. Swing trading technique doesn't require a lot of time. I am not saying you need to spend less time on studying the market but once you enter the trade you will spend much less time monitoring it
2. Less spreads to pay.
The more trades you execute in a short period of time the more you have to pay in spreads. Let's say you execute 10 trades with a spread of 3 pips then you already lost 30 pips. That's why it's much harder for any one who is trying to become profitable to learn short time trading techniques. It is much easier to start with a techniques that requires less number of trades but has a high profit target.
3. Lower level of noise on the charts
Anyone can notice that the higher timeframe of the chart the more obvious the price patterns. It is very hard to spot a right trading opportunity based on the price patterns on 1-minute charts since those patterns are buried in noise. On the other hand someone who uses daily or weekly charts can easily see those patterns since the level of random noise is very low.
4. Less emotional pressure.
The more time you have to monitor your trade the more challenging it becomes to your emotional state. I think you are familiar with ups and downs of emotional energy when you observe price going against and in favor of your open trading position. This kind of emotional roller coaster can quickly wear out your energy.
I believe profitable trading is not an easy task. But many people start with the trading techniques that already quite challenging for an unprepared psychology. In my opinion it's much easier to start with a swing trading method for the reasons I outlined above. I also believe that anyone can learn swing trading more easily than any day trading method or any scalping method. However it does have it's own challenges. Anyone who wants to learn swing trading must develop patience. This type of trades may last for a few days. In some cases you may wait for a trading setup for a few days without having any trade. That's why patience is the key in learning swing trading technique.
Albert Schmidt is a part-time currency trader. After quite a few months of struggle he learned to make consistent profit trading in Forex. Review a trading strategy he successfully uses in his trades.

Can a Currency Software Trading System Make Me a Profitable and Rich Forex Trader?

A currency software trading system can not on its own make you a successful FX trader, but it certainly can facilitate the process. If you have little or no knowledge of the Forex markets the first part of the equation of becoming a profitable Forex trader is to learn Forex trading. This can be accomplish by taking one or more of the exception online currency trading courses available today. Before we go any father, if you are not willing to invest in yourself, your education and the tools you will need to properly and fruitfully trade the Forex markets then maybe you should find something else to do.
The principle reason novice trader fails when entering the Foreign Exchange Markets is due to lack of knowledge. I am not sure you are aware of the fact, that ninety five percent of the private investors entering the markets lose money and drop out quickly. That is a staggering percentage and makes one wonder why anybody would ever attempt to beat it. Because there are other staggering percentages that also correspond to the Forex markets.
The first being that even a novice trader has a fifty percent chance of selecting a correct trade. A currency can only go in two directions, up or down. I am sure you now are wondering why ninety percent of the beginning traders drop out and lose money? It can be all summed up in one word, MARGINS. The margins provided by the Forex brokerage firms can run all the way up to two hundred percent, which is so completely over the head of a new trader and should never be utilized at any where close to that percentage. But the novice traders continue to use them and then wonder why after making five trades profitably there sixth trader wipes there account out completely.
In order to make money in the currency markets one requires the tools to process the huge amounts of data that will be coming at them. This can be acquired by purchasing a currency software trading system. The next aspect that must be faced is knowledge of the markets. This also is readily available through online Forex trading programs. If one does not understand the basics such as making margins work for them as opposed to destroying them, then they really have no chance of making a profitable entry and sustainable career trading the currency markets.
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA

Information For Currency Traders

There is some general information for currency traders that need to be understood. It is often the small little things in this business that determine the large and profitable incomes. You need to build your trading business on a solid foundation and here is what you need to know.
The time of the day you trade can be the difference between cold calculated profits and pure gambling. There are basically two times to trade; peak and off peak. The peak time is the best. During this time the highest volume of trades are happening. Since the volume is so high, a bank or large firm aren't in the position to effect the outcome of a currency. What we're left with is market forces in control. During off peak time, the volume is much lower and banks have a much better position. Since volume is low, a big trade by a bank can push a currency in a totally different direction. If you're trading during this time, you could do stellar analysis of a currency and still fail. Stick to the peak times.
The next thing you need to is do a full assessment of yourself. Are you an emotional person? Do you get worked up and can't calm yourself down? Are you always getting "gut feelings" about things? Do people think you have a gambling problem? This all needs to assessed. All these questions boil down to an emotional response. You're emotional if you're a gambler in denial. You're emotional if you get worked up and you're emotional if you get "gut feelings" about things. The last thing you want to do in currency trading, is getting all worked up or getting gut feelings about a specific trade. You want to be a person that makes trades by the numbers. Numbers don't lie and they're never emotional.
Lastly, you need to be able to determine trades that everyone is jumping onto. These are bad trades get involved in. Warren Buffet is one of the richest traders in the world and he got there by not following the crowd. You need to be able to determine when one trend is going to end and another is going to begin. Currencies go up and down. You do not want to buy currency when everyone else is doing it. You want to be able to find a currency that everyone doesn't want and it's at the point that pretty much everyone has done selling and people are looking to buy now.
I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

What is Online Paper Trading?

Online paper trading occurs when investors make use of paper credits to engage in live trading on markets such as the foreign exchange markets. These paper credits are mere tokens and are used in place of real money to give the investor a feel on how trading would be like with real money. Many online investment platforms offer investors a demo account, allowing them to engage in online paper trading. Losses and gains are negligible given the fact that the credits used for such trades are merely for simulation purposes.
Yet, the usefulness of online paper trading is aplenty. Novices and veterans of trading can greatly benefit from the use of online paper trading.
Online Paper Trading Benefits For Beginners
The fact that such trades do not require any real capital outlay means that they would be very much suitable for beginners who are learning the ropes of trading in a particular financial instrument. Online paper trading allows these novices to familiarize themselves with the various features of the real platform. These include the limit and stop loss functions, which are instrumental to a trader's success.
It would also allow beginners in the world of trading to develop healthy habits necessary for success in investing such as finding out more about the factors affecting currency movements before hitting the "buy" button. This is critical as most people tend to have the wrong mindset of treating the Forex market like a casino. Yet, in reality, it is these people who would often pay dearly as a result of their folly.
Online Paper Trading Benefits For Seasoned Traders
For the seasoned trader, online paper trading provides a useful avenue to put untried trading methods to the test. Feel that you have developed a method for greater trading success? Try it out on a demo account.
With paper credits, you only stand to gain as you would be able to evaluate the effectiveness of your strategy from a safe distance, without suffering from horrible losses should things go awry. The fact is, even professional investors make use of online paper trading as a means to refine their trading strategies and develop skills for greater returns on their investments.
Bringing The Learning Of Paper Trades To Real Trades
In any case, it is important for one to adopt the right mentality in order to derive the most out of online paper trading. It simply would not help if you tell yourself that you are only using "false money" which would allow you to take reckless risks when making a trading decision. The key to investing is to take calculated risks, not reckless risks.
Online paper trading allows you to try out strategies which are based on calculated risk, to enable you to improve the odds of success of the method which you are trading with. Online paper trading will take you further if you are willing to put in that added commitment of constantly evaluating your online paper trades. This would allow you to learn fast, to enable you to develop sophisticated investing strategies over time without risking your neck.
Online paper trading provides a useful tool for investment success. Be it the novice or seasoned trader, the ability to make good use of online paper trading as a learning tool would definitely guarantee you success and high returns in your investments.
John Callingham is an authority on Forex Trading, providing valuable advice on how you can learn about forex currency trading. Click Here to gain FREE access to his Forex Trading secrets when you sign up for his Forex Trading newsletter.

How to Make Money Forex Trading Like a Pro Trader

Trading like an expert trader is not easy, and because it is not very few people actually make money forex trading. So how can you make money forex trading like a pro if have not ever been a trader in your life? Well, the options are simple:
1) Become an expert trader. This one is perfectly viable, only it will take you a good deal of studying and a lot of practice in order for you to really start making money forex trading.
2) Start forex trading with the help of a software. This option will not demand for you to become a pro trader, but will enable you to perform like one.
As you can see, if you are not an expert trader you have to either get education or arm yourself with a reliable forex software in order to properly manage your trading operation.
There are a few good forex trading courses you can get online, which can guide you in a very intuitive way through various effective strategies that you can implement like a pro trader within a relative short period of time.
On the other hand, there are forex trading software with the ability to analyze the market in real time 24 hours per day, 5 days a week. These little robots -as some call them- can help you perform like an expert trader within minutes of you downloading them.
You will find some forex trading software that work by providing you with signals for your to enter and exit the market thus allowing you to place a profitable trade, whereas you will find others that will make your role as a trader virtually nonexistent yet very profitable.
Indeed, there is another species of forex trading software with the ability not only to analyze the market and spot good trading opportunities, but also with the ability to place the trades all by themselves 24 hours per day, meaning that they can take advantage of entry points that you would otherwise miss as the human trader you are.
Therefore, if you use a fully automated forex trading software, the trader will basically be the robot instead of you, making it possible to create a stream of truly passive income online.
Forex trading is definitely a great business that you really can profit from, but you need to arm yourself with reliable tools and educational resources so you can manage your account like pro trader.
Find insightful information about various forex trading-trader tools and resources at: The Forex Trading.

Forex Trading Tips That Can Increase Forex Business

No one on earth can deny when he is offered a chance to become a millionaire. This can be turned into reality only when the stock market makes its debut. But it is always an uncertain thing for a stock market analyzer to expect an ever-increase in the market trends. Market analysts state that the stock market tends to rise or decline based on the activities performed by the investors. But one can always obtain good profits if the analysis of the market is done carefully.
Getting hold of the stock market just before it falls down can make an investor to remain in the safe grounds. But the truth is that there aren't any key or principles that can help an investor to analyze the market's behaviour. But one can always take few safety measures and strategies in order to keep himself from losing his investments.
Fundamental indicators can be your help to analyze the market's behaviour. A valid and efficient indicator can work at all periods in all markets. The indicators help you determine the good entry points into the market including the aspects that determine the best 'sell' and 'buy' positions. Also an indicator helps you to get assured of the changing trends including the resistance and support levels. These trends are nothing but the simple price fluctuations that are predictable but not random.
Though you have good indicators to help you analyze the market's behaviour, you also need a good Forex trading strategy that can well use these Forex indicators in determining the market and making the appropriate calculations about it. A good Forex trading strategy is the key to a successful online currency trading (or Forex trading, in other words). Profit or loss in your Forex business is majorly determined by the strategy that you employ in your Forex trading.
Though there are many Forex trading strategies out there in the market, all of them can be classified into two broader categories. Any Forex trading strategy can either fall under profit maximizing category or under risk minimizing category. Leverage can be considered as the popular form of profit maximizing strategy as it helps an investor to trade in the Forex market with more than what he has in his account. On the other side, stop loss order can be considered as the popular form of risk minimizing strategy. With the help of this strategy, one can limit their losses by imposing limitations on their trading price.
For more information on Forex Currency Trading visit our site: All You Need to Know About Forex Trading Market.

Learn Online Forex Currency Trading

Online Forex currency trading is a fast business, and if you do not have the proper training, it can be very easy to lose your money in it. Make sure you have all the right information and skills before you even begin buying and selling currencies. Where and how do you get the right education? Here are some ideas.
Learn Online
Taking online currency trading courses is the most cost-effective and convenient way to learn the ropes of the industry. Many currency trading websites offer potential traders like you free tutorials and demos on how to get started in online Forex trading. Some websites ask for a minimum membership or tuition fee before they grant you access to full-scale tutorials.
What will you learn, exactly? Most courses let you in on basics such as day trading, position trading, and swing trading. You will also learn fundamental investment theories specifically for currencies. Some sites even offer tailor-fit, one-on-one trader mentoring. Instruction is still remote, but you are usually assigned a mentor (a proven successful trader) who will give you customized training materials and simulations.
Buy CDs or Books
There are many "complete home study" CDs and books that deal particularly with currency trading. These materials usually cover all essential aspects of trading and taxes, and give valuable insight on making a living as an online trader.
Read the Newspaper
The value of a country's currency is greatly affected by its political and economic situations. You need to know the latest country-specific developments in order to make sound trading decisions. Staying on top of world news by reading the newspaper, watching cable television, or subscribing to an online news portal immediately gives you a trading advantage. Get the latest on inflation rates, changes in government, and tax laws in the countries of the currency you are trading so you can make intelligent moves.
Online Forex Trading provides detailed information on Online Forex Trading, Learn Online Forex Currency Trading, Online Forex Trading Systems, Online Forex Trading Reviews and more. Online Forex Trading is affiliated with FX Currency Trading.

Forex Trading Software Can Be Dangerous For Your Account

Many new traders are looking for a simple solution to make profit in Forex. Trading software become more and more popular lately. I see there are two kind of software. One shows the trading opportunities on the chart. It can be something very simple like combination of moving averages. Or it can be quite sophisticated based on some complex algorithm to generate buy and sell signals. Another type of software is the one that actually opens a trade on trader's account. Can those pieces of software actually help in trading? Are they any threat to your trading account? Let's discuss it in more detail.
1. Auxiliary trading software
By auxiliary trading software I mean the software that either shows the simplified data like indicators or give buy and sell signals. It looks like it can really simplify the task of finding right trading opportunity so that a beginner trader can trade Forex as good as some advanced currency trader. Unfortunately as practice shows it is not the case. Advanced trader if he uses the software will make profit while a new trader who is not very familiar with the market will lose his money using exactly the same software. Why is that so? Again the big difference is in mindset and patience to rigorously following the trading rules.
1. Automated trading robots.
The second type of software, as I have mentioned, is the one that actually performs trading on your account. It seems like a holy grail since a machine does not have human emotions like greed and fear. Therefore it should not be susceptible to trading errors that a human trader makes due to those emotions. Again practice shows that application of these robots gives different results for different traders. Experienced Forex trader will test the software thoroughly before applying to his own account. But most new traders seeing how it performs a few trades put the software to their live account to lose their money quickly.
What's the reason for such a different results? First of all these pieces of software are based on some kind of trading strategy. There is no universal trading strategy that would make profit in any market conditions. For example a trading system that makes profit in trending market will lose money in ranging market. Only a human can identify the difference in market condition and adjust the use of software accordingly.
That's why it is necessary to study market and practice your trading skills. It will develop your trading mindset that will allow you to trade profitably. Once the mindset is in place trading tools like software and robots will only help you to achieve success faster. Otherwise they will help you to empty your trading account.
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.

How to Trade ETFs

How to trade ETFs is a question I hear often. In this article I'll show you why it's very simple to trade ETFs so you can get started right away in diversifying your portfolio by making Exchange Trade Funds an integral part of it.
ETFs constitute a perfect way for investors to invest in a financial sector and not be required to choose a specific stock, currency, or bond. ETFs are a collection of stocks or bonds, or other tradeables which belong to some sector or index, like the oil sector or the Dow index.
ETFs are a relatively new investment instruments and many traders are still unfamiliar with them. So a lot of people still aren't sure how to trade an ETF.
In fact, if you know how to trade a stock, you know how to trade an ETF. There is no difference.
An ETF has a market price, just like a stock. It is traded in regular trading hours, just like a stock. It has a bid and ask prices, just like a stock does. When the bid and ask price meet we have a transaction. And each ETF has its own name and symbol making it easy to differentiate between the two.
So technically, trading an ETF is the same as trading a stock. You either get your broker on the phone and tell him/her what to do, or you trade online. Easy as that.
The only difference is that ETFs are a bit harder to understand since their price is derived from the prices of all the stocks that they hold. For instance, an oil ETF has a price which changes as some form of average of the prices of the stocks which make it up.
So you do need to make some sort of research before you know which ETF to choose, but trading them is very simple. The key is to know how to pick the ones which will give you the highest profit for the lowest risk.
To read more about ETF trading, click here: How To Trade ETFs
Jonathan Gibson makes his money from home and has an extensive experience in market trading. To get a Free report on ETF and how to make more money with them, click here: ETF Trading System

Selling Options - Is This the Holy Grail of Investments?

Option sellers believe that if it's not, it's pretty darn close. Probably the closest an investor will ever get to the long sought Holy Grail of Investments or what is considered to be the ideal investment.
Let's take a look and see what exactly is regarded as the ideal investment. When asked to define what this is investors have various versions of what they consider to be the ideal investment or the Holy Grail of Investments. In the ultimate analysis, with few exceptions, most investors feel that an ideal investment should provide the following qualities: safety of capital, consistent high returns, immunity from economic and market fluctuations and finally, liquidity, or availability of funds should the investor find an immediate need to tap his resources. Safety of capital and high returns seem to be the most desirable of all yet these two are totally opposing qualities in any investment. As the saying goes, the higher the risk, the greater the reward or inversely, the lower the risk the smaller the reward.
That said let's explore our choices. Until the advent of options there appeared to be nothing that came even close to being called an ideal investment let alone be called the Holy Grail of Investments. We had to face the fact that investments were either low risk low reward or high risk high reward. Some investments were somewhere in the middle ground but few or none were in the Holy Grail category. Investors may be classified into two groups, passive and active investors. Passive investors prefer entrusting their capital to third parties and doing nothing more than expect returns from their investments either on a regular basis or value appreciation over time. They put their money into a fixed return instrument such as passbook savings accounts, money market funds, treasury bills, certificates of deposits, bonds and included in this lot are dividend paying stocks and mutual funds. Then there are the other passive investors that prefer to place funds into long term appreciation assets with capital growth as their main goal. Examples of these types of investments would be real estate, precious metals, arts and antiques. All these investment instruments while delivering small returns on a year-on-year basis do offer much safety of capital.
The active investor on the other hand is a more adventurous individual. He seeks high returns for his money, hopefully at reduced risk, by actively being involved in trading the markets, be it real estate, stocks, bonds, commodities, futures, foreign exchange, options or whatever else can be traded and made money on. Although more of a risk taker he nevertheless tries to moderate his risk exposure by restraining his profit objectives or rates of return on his capital. While passive investors are happy with annual returns of 6 to 10 percent, active investors seek higher rates of over 12 percent and more like in the region of 14 to 18 percent per annum. Is this doable? Yes, it is and many are happy actively trading the markets and achieving these returns using their own trading techniques that somewhat controls risk to an acceptable degree. Now here's the shocker. Option traders are able to generate annual profits in excess of 20 percent without exposing themselves to any more risk that those achieving 14 percent. Now here is an even greater shocker. Among those that trade options the ones specializing on the selling side generate annual returns in excess of 30 percent with many averaging annual returns in the region of 40 to 50 percent without increasing the risk factor any more than the passive investor!
Foreign currency traders as well as commodities and futures traders sneeze at this claim saying that they can outshine the option seller in annual returns. True. But can they claim to do so at the same risk level as the passive investors? Most probably not.
Selling options (stocks, commodities, futures, etc) has become for many the Holy Grail of Investments. To the experienced option seller this trading strategy offers high, consistent returns, a fair degree of immunity against economic and market fluctuations, liquidity, and finally safety of capital. This last claim may be open to debate from non-believers in this trading strategy. To be fair let's qualify the safety claim by saying that the inexperienced option seller is open to potentially heavy losses if he does not know what he is doing. But to the seasoned trader selling options is a safe investment strategy delivering all the qualities of an ideal investment to the point where successful option sellers claim to have found what to them is the closest one can ever get to the Holy Grail of Investments. Selling options on stocks, which is the specialty of this writer, can be particularly rewarding using a carefully planned trading system combined with disciplined money management and with proper safeguards in place.
There are many trading strategies in selling options. Some are simple enough, like the covered call technique, delivering fairly decent returns while others are more complex but more rewarding. There is one option selling system developed by this writer that can be carried out as a long term investment program offering a fair degree of safety and delivering consistent high returns time after time. By using a carefully planned, three-pronged system of trading, the risks associated with selling options can easily be conquered.
This writer has mastered this three-pronged trading technique and anyone wishing more information may visit his web site at http://www.theoptionseller.com

3 Things You Should Know About the Forex Autopilot System

As much as the Forex Autopilot System is truly a great forex trading software, there are a few things you should know about it before you set out to buy it.
First, the Forex Autopilot System is a completely automated system, meaning that it will place the trades all by itself. As advantageous as this may be, it also means that you have to rely entirely on the robot, which is fine given its performance. However, I know people who do not like to be in the hands of a robot, so keep this in mind if you fit into that category.
Second, this is not a way to get rich in a day, a week or a month, unless of course you are already rich, in which case the Forex Autopilot System will only make you richer. Whether you use this software or not, forex trading will always be about growing your account slowly but consistently. With the help of a software like the Forex Autopilot System a monthly growth of 50% is perfectly possible, so this means that if you start with a small investment of $500, you could see that figure grow exponentially to over $10,000 within a year.
Third, the Forex Autopilot System has good and bad days. Indeed, although the number of winning trades will be approximately 20 to 1, that one bad trade will surely freak you out and my advise is: do not. Forex trading demands patience and panic can never be part of the equation. If the software places a trade that goes into significant loss, be patient and try to analyze the trends a little before you close it thus realizing the loss. I tell you this because on several occasions I closed trades out of panic and a couple of days later the market went back to what would have been a winning position for that particular trade.
Keep in mind that the Forex Autopilot System is not perfect and it will not deliver perfection, it will only deliver consistency, which is the key to success within the forex market. It will make you money, but it will not make you rich overnight. If you can handle this, go ahead and start profiting from the forex market using this automated forex software.
Learn more about the Forex Autopilot System and other forex trading resources at: http://www.specialonlinebusinessreviewauthority.com

A Simple Forex Trading Approach

Some people call Forex the "Best Kept Secret in the Investment World" because even though the Forex market is the largest and most liquid financial market in the world, the average person doesn't even know it exists.
Investment Trading is not a Get-Rick-Quick scheme. It is a skill that takes time to learn. Unlike stocks or futures, investment trading in the Forex market is a 24 hour market. With the ability to trade during the US, Asian, and European market hours, you can customize your very own trading schedule. Here are a few ways you can participate in Forex trading.
1. Hiring Someone to Trade for You
By doing this, you hire a money manager to make the trades for you, pay them a commission, and pretty much relinquish control of your money.
2. Learn Investment Trading On Your Own
This can be quite expensive if you enroll in a workshop, not to mention time consuming. To get you started, I would recommend you go through any search engine to look for a free online course to introduce you to investment trading. Most courses will explain how the currency pairs work including the interest you will earn from your trades.
3. Subscribe to an investment trading software package.
In many cases when you order a subscription, there will be a monthly fee to use the software but it will also give you access to the tools and education you will need need to setup your own investment trading account.
Forex Investment Trading Strategies
It's important to understand that most investment trading strategies do NOT teach people how to be directional traders. This means you will not learn how to "guess" which direction the market will move next. Neither do they provide you with a signal service.
What you will receive from most investment trading strategies is unlimited access to the internet-based software and unlimited access to training webinars that will show you exactly how to use the program and how to place your trades on various broker platforms. It will also show you how to set up your own account where you can manage your very own portfolio.
There generally are no charts or graphs to read and no research or signals to follow. You will trade currency pairs which, historically speaking, move in opposite directions and then be told when to enter or exit your positions. Most investment trading strategies relieve you from having to watch the markets all night, when they are most active, waiting for a trading opportunity. After you make 3 basic decisions based on your personal preferences, the investment trading program will calculate the number of lots to buy along with the corresponding buy and sell points for each currency pair you choose to trade.
3 Ways to Generate Revenue
Buy Low & Sell High
Many investment trading strategies will use the amount of money you plan to invest, the currency pairs you choose to trade, and the level of volatility that you are comfortable with to give you a preset price point to enter into a free brokerage account of your choice.
Once your account is set up, it will buy or sell a certain number of lots of each currency pair, even while you're at work or asleep. Since no one knows which way the market will go, the price points are preset to either buy low or sell high. Some programs actually give you the option to receive a cell phone text message or email letting you know that one of the price points had been reached. What you need to do next is tell the program what happened so that it will give you new buy and sell points to set up again.
Collect Daily Interest
By using an investment trading strategy, you can earn passive income on the difference in interest rates. After your portfolio is set up, you will be paid daily interest on the money you control in the market. When you buy a currency pair, you receive interest from the first currency listed in each pair, and pay out interest on the second currency in the pair.
For example, interest on the dollar swiss would be:

USD 5.00% minus CHF 1.36%. The net difference of 3.64% is what you would earn annually. These calculations are done automatically by your broker without any intervention from you. This interest is paid on the money you invested and also on the number of lots you own.
The Power of Leveraging
Leveraging means that for every $1 you use to buy currencies in your investment trading account, the broker you are trading through will make available to you as much as $400 to control in the open foreign exchange market.
Without question, the potential returns from investment trading in the Forex market are great. The decision you need to make now is how you would like to participate.
Adrianne Geyer has a Computer Networking degree and has been a full-time Internet Marketer since July 2000. She began Forex Trading in January 2006 and use this Forex Trading Software to trade in the open currency market.

Forex Trading And Home Business

Forex, ie foreign exchange market has become very popular due to
its immense size, liquidity, currencies moving in strong trends
plus, an easy online access, relatively low starting capital and
a big leverage.
All this is very attractive to many sorts of investors, speculators
and also amateur people, especially online success chasers who
imagine easy and fast profits. BUT it has its pitfalls and the Internet
hype sellers and scammers make the situation even more dangerous.
Forex has enormous profit potential but since there is a substantial
leverage involved working both ways, the same is the loss potential
- the higher the profits, the higher the risk involved. And that
is exactly the core of success in forex which is hidden from people
seeking fast online profits.
People lacking basic character streaks like discipline, risk
evaluation ability, experience and even basic information and
training fall prey to false promises and start trading their last
money on forex expecting quick riches.
It is necessary to be aware of the fact that trading currencies
is not easy. If it was, no one would lose money and everyone would
already be a millionaire. Many traders with years of experience
still incur periodic losses. Everyone interested in trading forex
must realize that trading takes time to master and there are
absolutely no shortcuts to this process.
Yes, of course, it is possible to make it a long-term, profitable
and sustainable source of high income and even a proper home
business BUT the following are the basic rules for success in
forex trading:
1. Discipline: it seems easy but the lack of discipline is the profit
killer no 1. It is important to set your own rules and goals
and stick to them. Do not panic if not everything goes the way
you imagine and strictly keep the rules. One of the basic
situations is losses: If you know you can lose only $1000,
the discipline will help you stop trading if it happens, and
not borrow and go on and on... Also, it is the discipline which
helps you avoid magic profit calculations.
2. Responsible risk-taking and risk-evaluation ability: forex
trading is an investment method not a casino. It is not
possible to invest properly if you are not able to take up a
calculated risk, if you are not able to calculate an
acceptable risk, and if you are not able to even recognize a
risk. The good news is that you can develop this ability.
3. Spare money: never trade your last money, always invest either
profit or a reasonable amount of money you can lose. Always
behave responsibly and never borrow money to trade.
4. Thorough education and training, incl practical training: it
is imperative that before you start trading live, you get
proper education and training, that you acquire working
knowledge and develop your own working system on which you can
build your investment strategies, routines and practice.
5. Never trade in a live-or-die situation or under any stress: many gurus say that you can make instant riches from forex
investing your last money. It is one of the biggest lies I
ever heard. Unless you feel absolutely comfortable, knowing
what you are doing and why, enjoying the trading, you cannot
trade successfully. Any stressed, unbalanced or anxious mind
and brain is not able to evaluate situations correctly, react
competently, and it is a paved road to failure and losses.
6. Always do your homework: another hype you can hear around
says that everyone can trade just following someone else's
advice and instructions. I can tell you only one word as an
answer: rubbish. You must realize that you must be able to
evaluate every situation, every trend, every forecast, create
all the analysis, follow necessary trends, incl, of course,
hearing specialized analysts BUT the decision and the money
is yours only, so the responsibility is yours. The better your
homework, the higher and more reliable your profits.
7. Learn from your mistakes and remain flexible: you must know
that you will make mistakes, you will even lose in some trades
but you must be a great trader and you must know it. When you
make a mistake you must analyze the situation, find out why it
happened and see to it that you will not repeat the same mistake
in the future. You must not despair and fall into depression.
You must stay positive and simply do better next time.
Plus a little closing note to only make you aware of these important
topics which, however, exceed the scope of this basic informational
article:
- yet another risk is here: it is vital to choose the right
market-maker, big enough to allow you to make full use of currency
moves. I stress a market-maker and not a broker,
and also,
- avoid managed accounts.
In case you are interested in mastering forex trading and start
with the above points seriously, you are on the right way to trading
success.
Irena Whitfield is the webmistress of http://www.thecassiopeia.com/ - Internet Business Consultant you need to make your online home business a real success. Without any hype, she will help you to get where you want to get. Get her new ebook Package 'Your Success Master Keys' , containing: 'Success Tips And Tricks' , '7 Stars of Online Success' and 'The Success Seeds: the Entrepreneurial Bible', and make your business profitable this year!
http://www.thecassiopeia.com/ePublishing/SuccessMasterKeys.html