Online Forex Trading

Do you know what Forex trading is? Some people have heard of this type of trading, others have not. If you haven't, it might be something you are interested in trying. Forex trading stands for foreign exchange trading. What it consists of is the buying and selling of different currencies. This is done simultaneously, and there are people who make a lot of money with this kind of trading. This is apparent by the 1.9 million dollar turnover in this market that happens every day. Also a lot of it is done online. Online Forex trading is very popular.

The most common currencies to trade are the Euro and the U.S. dollar, and the U.S. dollar and the Japanese Yen. However, nearly all of the Forex trading done involves the major currencies of the world. These include the Euro, Japanese Yen, U.S. dollar, Canadian dollar, British Pound, Australian dollar, and the Swiss franc. The Forex exchange is different from other exchanges, such as the New York Stock Exchange, in that it does not have a physical location or central exchange. The exchange day begins in Sydney, then moves to Tokyo, on to London, and finally ends in New York. Each country takes the responsibility of regulating the Forex exchange activities in their own country. So there is no overall regulatory agency. However, this does not seem to be a problem and most countries do very well at overseeing Forex exchange activities.

There are a lot of things that influence the Forex rate. For instance, economic things, like interest rates and inflation, and also political things, such as political unrest in other countries and major changes in government cause up and down changes in the Forex rate. However, these things tend to be short-term, and don't affect it for long.

Online Forex trading sites are easy to find by surfing the Internet. Most of them provide a wealth of information for the first time trader. You can find out about the history of Forex trading, how to co it, tips on being successful, etc. You can also start trading with as little as $250 in your account on some sites. For anyone who is interested in currency or trading, it is something you should check out.

As with any type of trading, there are no guarantees that you will make money or that you won't make money. It is a smart choice to learn as much as you can about online Forex trading before investing any money and doing any trading. It is a fact that informed investors do better than those who don't know much about what they are trading. So get the fact before you dive in. You might just make a little money in a very interesting currency exchange.
About the Author

Bob Hett offers great tips and advice regarding all aspects concerning Forex Trading. Get the information you are seeking now by visiting http://www.forexinformation.info

Trying Forex Trading with the Best Strategy and Approach

With the day things are today, more people are getting interested in investing their money to make them grow faster. The problem is, not too many people are willing to take the risk of investing it because of the risks, so some of them just let their money rut in banks. Not that there's anything wrong with banks, it's just that they have low rates and the money takes a long time to grow. If you want real money, you have to have the guts to risk it. Making money needs money; risks are always involved if you want to have money fast and big.

One of the largest arenas wherein you can invest your savings is the Forex. Forex trading has been around for decades already and is regarded as the largest financial forum in the whole world with an estimated 3.1 trillion dollars of volume everyday. The Forex (Foreign Exchange) trading is open 24 hours and never sleeps. Transactions are done all over the world via telephones and computers, money exchanges hand in the number of millions in just mere seconds. The Forex Trading is composed of thousands of banks and individual Forex trading companies that monitors development all over the world, developments that may influence the value of their currency. Forex trading deals with the exchange of currencies from different countries. The idea is to determine the rise and fall of the value of a certain currency and trade when it is deemed advisable.

For small Forex trading transactions, managed accounts are the ideal, they are for the cautious because they have the least risky participation. Here you entrust your investments along with others to a reliable, honest and ethical seasoned Forex brokers. These Forex brokers use their extensive knowledge and lengthy experience and use their strategy to make your money grow, for a fee of course.

With the rise of the internet, Forex trading can be done in a click of the mouse. Money travels through space and wires all the time. The computers have done a big help in the growth of Forex trading, transactions can now be done anytime anywhere. Since somebody is up at a given time everyday anywhere in the world, you will never lose someone to trade with.

There are two basic and fundamental ways to analyze and evaluate foreign exchange trading. There is the technical analysis and the fundamental analysis. There is a huge difference between the two. In Fundamental analysis, Forex analyzers and brokers watch out for causes to market fluctuation. These causes may include the political condition of the country, their laws and legislations, financial policies, their growth rate and other factors as well. Technical analysis of Forex trading includes graphs, charts and other method of measuring past data to see the indication of the rise and fall of currencies. They get all the information they need and use them to calculate and forecast the possible direction of a certain currency.

There are lots to learn about Forex trading; even the seasoned broker learns something new everyday. Forex trading has huge returns in an instant if you catch the right moment and transaction. But always remember there is till the risk, Forex trading can be quite a gamble, especially if your forecast is wrong. Before investing your money in any firm, try to investigate about its record and history in Forex trading.

About the author:

Online entrepreneur Sara Jenkins, is dedicated to helping others and their needs to succeed in life by offering free tips everyday. To learn more about her free tips program, and to sign up for her FREE how-to articles and FREE bonus how-to books and resources, visit www.forexlove.com

DayTrading And Forex Today

Online trading is great way for serious investors to make money, but inexperienced traders often wind up with big losses. A good set of instructions can minimize the risks and save months of expensive trial-and-error learning.

Day Trading

Day Trading had its heyday during the bull market of the 1990's. All the amateurs have since dropped out, but day trading is still being practiced by professionals. There are fewer opportunities in the current market, but skilled investors can still find them if they know what to look for.

FOREX Trading

The Foreign Exchange Market (FOREX), the world's largest financial exchange market, originated in 1973. It has a daily turnover of currency worth more than $1.2 trillion dollars.

Unlike many other securities, FOREX does not trade on a fixed exchange rate; instead, currencies are traded primarily between central banks, commercial banks, various non-banking international corporations, hedge funds, personal investors and not to forget, speculators. Previously, smaller investors were excluded from FOREX due to the huge amount of deposit involved. This was changed in 1995, and now smaller investors can trade alongside the multi-nationals. As a result, the number of traders within the FOREX market has grown rapidly, and many FOREX courses are appearing to help individual traders increase their skills.

As a matter of fact, it's advisable to take FOREX training even before opening a trading account. It is vital to know the market mechanics of FOREX, leveraging in FOREX, rollovers and the analysis of the FOREX market. Due to this fact, potential FOREX traders would do well to either enroll in a FOREX training courses or even purchase some books regarding FOREX trading.

There are pros and cons to enrolling into a FOREX course. For beginners a FOREX course is a rapid method of learning the basics of FOREX trading. Not much time is spent on history of the market or arcane economic theories. Often, on-line or phone support from a skilled FOREX trader is available to answer any questions. Also, the information is condensed and practical, often with graphs and charts.

The disadvantage is the price, as courses are more expensive than a paperback from the bookstore. Also, the course may just teach the approach of the trader who wrote it, and individuals have different trading strategies. The student may grow accustomed to the logic and focus of the teacher without coming to realise that nothing is predictable in the FOREX market, and many different strategies will bring profits in varying market circumstances. Also, knowledge of practical applications may not be enough, as the FOREX is highly unpredictable and there are many external factors, such as political issues, affecting the flow of finances in the market.

The best advice would be to do some background research on the FOREX market first, and then enroll in a course.

About the author:

Jay Shipper likes DayTrading and the Forex http://www.lazytrader.com http://www.stock-trading-now.info http://www.forex-now.info

FOREX Trading Strategy - The Secret of Timing

Once you¡¯ve identified a trading opportunity, the next step is to decide EXACTLY when to buy - and this is where many traders go wrong.

Here we explain how to incorporate better market timing into your FOREX strategy - so that you can make bigger profits.

Most traders time their entry levels incorrectly, so here¡¯s the right way to do it:

Using Support and Resistance Correctly

A basic wisdom of market timing is ¡°buy low, sell high¡± - well, the reality is, if you try this in FOREX trading, you¡¯ll end up losing money. First, let¡¯s define what support and resistance means

A support level is a historical price that traders come in, and buy to ¡°support the market¡± ¨C and the more times it¡¯s tested, the more valid the support will be.

Conversely, a resistance level is a level on the charts that ¡°resisted prices from moving higher¡±- again the more times it¡¯s tested, the more significant it becomes.

Why Buy Low and Sell High doesn¡¯t Work

¡°Buy low, sell high¡± is accepted wisdom by the majority of traders - but this logic is fundamentally flawed - use it in FOREX trading, and you¡¯re asking for trouble. Why? - If you wait for a pullback, you¡¯re going to miss some of the biggest moves.

Think about it - what if a currency starts to trend and doesn¡¯t pullback? (How often have you seen this?) If you¡¯re waiting for a pullback that never comes, you¡¯ll never get in on the trade ¨C and you¡¯ll miss a major opportunity.

You Need to Feel Uncomfortable

When Trading in the FOREX market, you should usually feel uncomfortable (and that¡¯s why most traders don¡¯t make these trades) - as no one likes to buy or sell after the market has started trending - but doing this will make you money.

The fact is, the more comfortable you feel when entering a trade at support, the less likely the trade will be a big winner.

During any given year, most of the big moves in currencies, take place from new MARKET HIGHS with NO pullback.

If you base your FOREX Trading strategy around waiting for a warm comfy entry, at key support, you¡¯re going to miss the biggest and most profitable trades ¨C so step away from the losing majority of traders.

Your FOREX trading strategy should give you a different mindset - most traders ¡°buy low and sell high¡± - so you should ¡°buy high and sell higher¡± ¨C i.e. you should be doing the opposite of what the crowd are doing.

Don¡¯t worry - most traders lose money, and their FOREX Trading strategy is based on the flawed logic we have just discussed - so not doing what they do makes total sense. Therefore, look for breakouts through support and resistance - and sell and buy respectively.

Its Tough Mentally - But it Makes Money!

Sure, it¡¯s hard to do - the majority don¡¯t agree with you - and no one likes to go against the majority. However, it¡¯s the right thing to do, to make your FOREX trading successful. Think about what we¡¯ve just said, and you¡¯ll see it makes logical sense.

Has this Happened to You?

How many times do traders buy into support, and the market breaks support, stops them out and continues to decline. On the other hand, another common scenario is, price never get to support - it simply goes higher - and the trader misses the chance to get in on the trend.

This type of trading is tough mentally - that¡¯s why 90% of traders don¡¯t do it - they want to be comfortable - well being comfortable is great, but you¡¯ll lose money.

Breakouts work, and if you use them in your FOREX Trading strategy, you won¡¯t be comfortable on entry - but you¡¯ll make money - and that will more than compensate.

The way to succeed in FOREX trading is to do what the losing majority don¡¯t do - then you can join the elite 10% of traders who make the big profits - try it and see!
About the Author

New! A valuable FREE Currency Trader CD containing 9 critical trading reports, tips, strategies and forex trading info. Visit our web site now and grab your CD http://www.tradercurrencies.com

Bollinger Bands Can Give You a Huge Trading Edge

One of the critical pieces of forex education for any Forex trader is to understand the concept of standard deviation of price and how to use volatility to their advantage.

If you understand the concept you can easily apply it with Bollinger bands which are an essential tool for all forex traders.

Let¡¯s look at why Bollinger Bands are so useful and profitable, when incorporated in your Forex Strategy.

If you don¡¯t know what standard deviation is simply check our article on the concept ¨C right, let¡¯s take a look at Bollinger bands.

Bollinger Bands Defined

Bollinger bands are simply volatility bands drawn either side of a moving average.

You calculate Bollinger bands using the standard deviation of price over the same period as moving averages the mean price, then the volatility bands are plotted above and below the moving average.

Moving averages are used to identify the underlying trend of currencies and Bollinger bands take this one step further by:

Combining the moving average of the currency with the volatility of the individual market (or the standard deviation) ¨C this then creates a trading envelope ¨C with a middle mean price (moving average and 2 x bands (expanding or contracting) either side that reflect volatility or standard deviation.

As prices move away from the longer-term average, the standard deviation rises - and thus the bands will fluctuate in varying amounts, away from the average.

Why they work

In any market, the value of a currency traded tends to rise slowly over the longer term.

Prices can and do spike quickly in the short term, but will normally return to the longer term moving average - which represents fair value.

The standard deviation of the outer bands (how far they are from the mean) shows how far prices are from longer-term value.

Most price spikes are caused by trader psychology with greed and fear to the fore and this can be graphically seen with Bollinger bands.

So how should you use Bollinger bands?

There are 3 main ways to use them.

1. Spotting price spikes

When the bands are a long way from the mean you can use Bollinger bands as profit taking signal on existing trades or use them to spot contrary trades.

2. Enter exisiting trends

If you have a good trend in the forex markets then you can use dips to the middle band to buy at fair value.

3. Entering new trends

When prices are trading in tight range and start to breakout with a change in volatility a great new trend could be emerging.

Bollinger bands can certainly give you a new dimension to your forex trading strategy and any currency trading system can benefit from the extra insight that they can give you.

A word of warning

Like all technical indicators you should not use Bollinger bands in isolation to enter trades, however combined with timing indicators such as, the stochastic or RSI, then you have a powerful combination for greater FX profits.

With regard to forex education, knowing what standard deviation is and how to apply the concept through Bollinger Bands, will give you a huge trading edge, so make sure you use them.

About the Author

NEW! FREE MONTHLY " PRO TRADER NEWSLETTER + 3 X FREE TRADER PDF'S! On all aspects of becoming a profitable trader including features, downloads and some critical FREE Trader PDF's and more FREE Forex Education visit our website at http://www.net-planet.org/index.html

Online Forex Trading Strategies

Forex trading strategies are the key to successful forex trading or online currency trading. A knowledge of these forex trading strategies can mean the difference between a profit and a loss and it is therefore imperative that you fully understand the strategies used in forex trading.

Forex trading is very different from trading in stocks and using forex trading strategies will give you more advantages and help you realize even greater profits in the short term. There are a wide range of forex trading strategies available to investors and one of the most useful of these forex trading strategies is a strategy known as leverage.

This forex trading strategy is designed to allow online currency traders to avail of more funds than are deposited and by using this forex trading strategy you can maximize the forex trading benefits. Using this strategy you can actually utilize as much as 100 times the amount in your deposit account against any forex trade which will make backing higher yielding transactions even easier and therefore allowing better results in your forex trading

The leverage forex trading strategy is used on a regular basis and allows investors to take advantage of short term fluctuations in the forex market.

Another commonly used forex trading strategy is known as the stop loss order. This forex trading strategy is used to protect investors and it creates a predetermined point at which the investor will not trade. Using this forex trading strategy allows investors to minimize losses. This strategy can however, backfire and the investor can run the risk of stopping their forex trading which could actually go higher and it really is up to the individual trader to choose whether or not to use this forex trading strategy.

An automatic entry order is another of the forex trading strategies that is commonly used and this strategy is used to allow investors to enter into forex trading when the price is right for them. The price is predetermined and once reached the investor will automatically enter into the trading.

All these forex trading strategies are designed to help investors get the most from their forex trading and help to minimize their losses. As mentioned earlier knowledge of these forex trading strategies is vital if you wish to be successful in forex trading.

About the Author

We have made the most comprehensive research on Forex trading. Check it out on Online Forex System ¨C Secrets Revealed. All about Forex on http://www.leandernet.com/Forex/Online_forex_trading.php

Learn Forex Trading - Which Forex Strategy Is Right For Me

Learning to trade Forex is not an easy task, but by no means is it difficult either. Learning to trade Forex does not require a great intellect or a college degree. Doctors have failed as traders and construction workers have become millionaires. Trading is all about discipline, determination and perseverance.

The key is to understand who you are as a trader and trade to your strength. Leveraging your strength can be magnified by deploying the appropriate Forex trading strategy. There are hundreds, if not thousands of Forex trading strategies out there. Logic will tell us that there is a currency strategy out there which leverages our strengths. It is not a one-size-fits-all world. To immediately cut to the chase and take away the magic, it all comes down to two basic Forex strategies; trend-following and range-bound. All Forex trading strategies use a variety of indicators and combinations, MACD, Moving Averages, Stochastic, Chart Patterns, Candlesticks, Pivot Points, Fibonacci ratios, Elliott Wave analysis, Bollinger Bands and the list goes on and on. Let¡¯s take away the magic again. These indicators and studies are merely measuring support and resistance and trend in the Forex market.

But which strategy really works? This is the age old question?

First, we must understand who we are as traders. Does our personality fit the pip sniper mode or does our disposition attract us more towards swing trading. Finding your trading personality will mean studying and experiencing the different time frames and associated Forex trading strategies. Over time you will notice a higher level of success and/or comfort trading one style over others. Pay attention! The market is telling you where your skill is more capable of extract consistent profits for the market. This is why journaling is so important to your Forex trading routine.

Secondly, if you are using someone else¡¯s strategy, a most of us are, deploy this strategy without change until you fully and completely understand all aspect of the strategy through back-testing and actual experience. As I was told; dance the dance you have been taught until you learn a dance of your own!

Don¡¯t fall into the trap of jumping from strategy to strategy or combining different strategies when the one you are using doesn¡¯t yield immediate success. This is only a recipe for disaster. Take the time to really understand the trading strategy. Study the components individually so a deeper understanding of the strategic mechanisms is mastered.

Above all, know when and when not to deploy this strategy. You will not find consistent success implementing a trend following system in a range-bound currency market.

So what¡¯s the right strategy for you? It is simple, the one that works. It doesn¡¯t matter if it is complicated or simple, trend-following or range-bound, uses Fibonacci studies, pivot points or both. If you understand the components, internalize its use, and drive consistent profits into your trading account, then you have your Forex trading strategy.

It doesn¡¯t matter what the experts say, your account balance is the ultimate judge and jury for your Forex trading strategy.

About the Author

Todd Judkins specializes in teaching real people how to trade the Forex market for long term success by focusing on strategic, mind and money skills. He is a currency trader, educator and success coach to traders. Are you now ready to take action? To begin training with Todd immediate, online Forex trading visit: http://www.forexjourney.com and sign up for his FREE WEBINAR and FREE Forex Webinar.

Swing Trading Strategy

Swing trading is a popular method of capitalizing on the short-term price variations of the stock market. It has earned a reputation of being a powerful method of maximizing profits at lower risks. The best swing trading strategy involves choosing the right stock and the right market. Swing traders usually choose the stocks that fluctuate at extreme ends. Swing trading strategy is employed in a stable market, because here the prices tend to have minor variations on which the swing trader can capitalize. In a rapidly rising or crashing market, swing trading strategy cannot be employed.

Newcomers to the stock market often choose swing trading owing to the low risk and shorter period involved. To achieve higher profits in this short period, the right swing trading strategy is to trade in stocks of big companies. These stocks, usually called large cap stocks, are widely traded on most stock exchanges. Their prices show higher variations compared to other stocks. This translates into more profits for the swing traders. A swing trader may follow a stock during its upward journey for a few days. In case the stock reverses its trend, the trader simply switches over to another rising stock. The choice of the right stock thus forms an inseparable part of a successful swing trading strategy.

Apart from the choice of stock, the choice of market plays a key role while deciding on a proper swing trading strategy. In a market that is on a rising or falling trend, the stock prices generally move in a single direction. There is not much of a variation by which the swing trader can profit. The best strategy here is to trade on the long term basis. A swing trader best operates on a stable market, where the index rises for some days and falls over the next few days. Although the value of major stocks remains roughly the same, the short-term variations provide the much required opportunity for the swing trader. The best swing trading strategy is thus the proper choice of the right stock and right market.

About the Author

Swing Trading provides detailed information on Swing Trading, Swing Trading Strategy, Swing Stock Trading, Swing Trading Systems and more. Swing Trading is affiliated with Option Stock Trading.

Forex News Trading Tip: How To Trade The FOMC

The Federal Open Market Committee (FOMC) decision on interest rates is one of the most powerful market movers in the forex market and when the markets move traders trading the news have the opportunity to make money.


The FOMC sets the discount rate or federal funds rate and because interest rates are set higher to induce foreign investment and therefore fight inflation during times of prosperity and lower to increase spending during recessions they are one of the main factors influencing the strength of the dollar.


Economic indicators play a huge role in the forex trading especially for traders who approach the market through fundamental analysis and trade the news. The Federal Open Market Committee (FOMC) interest rate decision is one of the most influential indicators for the US dollar and you can be sure after the news is released there is going to be volatility in the markets and volatility is what traders thrive on.


I have heard many 'traders' say never to trade the news and especially the FOMC. Although the FOMC interest decision is a news event and can fall under the category of through fundamental analysis I am a technician and I believe that charts always price everything in. However I guarantee the market does not know what exactly the Feds comments and decision will be, therefore it is not priced in yet and this will cause the markets to react when they do find out. This is confirmed by the change in price after the decision and the continuation in the days following.


I have been trading the Fed for eight years now and yes I have been burnt in the past and that is exactly how I have come to learn how to trade it properly. The most common pattern to trade the Fed is the whip-saw. But do not be fearful of it, embrace it. Here is how it happens, first there is a large spike one direction (traders come in and follow that direction)followed by a large spike in the opposite direction (those same traders now sell their first position at a loss and reverse their position - this is when I take a position in the direction of the original move)followed by an extended move back in the direction of the original spike (all the emotional trades are left sick to their stomachs) and I am left holding a very nice position setting myself up to capture a larger than average market move.


If this pattern does not play out exactly as outlined I stand on the sidelines and do not trade at all. Because the markets are moving fast in the period following the FOMC interest rate decision I am watching a very short time frame, mainly the one and five minute charts.

About the Author

Jordan Lindsey is a professional trader who's personal forex trading group 'Conquering The Markets' utilizes his forex trading strategies to trade his forex trading systems with sound money management and together work toward helping people all over the world live better lives.

Forex Profits by buying and selling at the same time?

This article is one of a series which looks at the advantages and weaknesses of trading using the hedged, grid trading system to trade volatile markets.

We will look at how money can be made by breaking a number of trading truths or principles; * cut your losses and let your profit run and * there is nothing to gained by entering into buy and sell deals at the same time.

The hedged grid trading system uses the principle that one should be able to cash in at a gain no matter which way the market moves. No stops are therefore required at all. The only way this is logically possible is that one would have a buy and sell active at the same time. Most traders will say that that is trading suicide but let's take some to look at this more closely.

Let's say that a trader enters the market with a buy and sell active when a currency is at a level of say 100. The price then moves to 200. The buy will then be positive by 100 and the sell will be negative by 100. At this point we start breaking trading rules. We cash in our positive buy and the gain of 100 goes to our account. The sell is now carrying a loss of -100.

The grid system requires one to make sure that cash in on any movement in the market. To do this one would again enter into a buy and a sell transaction. Now, for convenience, let's assume that the price moves back to level 100.

The second sell has now gone positive by 100 and the second buy is carrying a loss of -100. According to the rules one would cash the sell in and another 100 will be added to your account. That brings the total cashed in at this point to 200.

Now the first sell that remained active has moved from level 200 where it was -100 to level 100 where it is now breaking even.

The 4 transactions added together now magically show a gain:- 1st buy cashed in +100, 2nd sell cashed in +100, 1st sell now breaking even and the 2nd buy is -100. This gives an overall a gain of 100 in total. We can liquidate all the transactions and have some champagne.

There are many, many other market movements that turn this strange buy and sell at the same time activity into gains. These will be covered in future articles and are covered in a free grid trading course which is available at the expert-4x.com website for those traders whose curiosity has been aroused.

There will be more on the hedged grid trading articles to be issued regularly. Please watch Forex Article Collection for future articles.

About the Author

Mary McArthur is a Trader associated with expert-4x.com. She provides the main input into the page rated Forex Trading Blog forextradeoftheday.com and assists with the educational and trading alert services provided by forextradersupportservices.com. She is considered an expert of the hedged grid system and has co authored a free grid trading course on expert4x.com

Making Money by breaking ALL the Forex Trading rules

When I started my trading career I attended a 3 day forex trading course which gave me a mere introduction to this great and fascinating money making activity. I was given some good advice during this course but I have since found that there are more many more ways to skin a cat than sticking to hard a fast Forex trading rules. If all traders are sticking these common trading beliefs one has to ask the question why do so many fail?

One of the Golden rules of Forex trading I was told is Never, but never, trade without a stoploss. I took this rule very much to heart and started trading with stops. Like most beginners my stops were way too tight and small and I got stopped out time and time again. As I gained experience and started trading the bigger price waves I started trading bigger stops. I soon realised that the bigger your stop the higher your success rate. However I also soon found out that the gains made on nine successful transactions when using big stops can very quickly be wiped out by one or two big losses. So I went through a very frustrating time when my stops were too small for my good transactions (the stops were hit and then my targets soon after) and way too big for my bad transactions (allowing big stops when the direction was totally wrong). You soon start thinking that brokers are there just to hunt your stops. This is always an emotive subject for debate amongst forex traders.

One day I started thinking the unthinkable. Why not trade without a stoploss at all? Is it possible to make money trading with no stoploss orders? I set about developing a technique to do just that. It took a few years of experimenting, but I now have a profitable no stop forex trading technique. I can't tell you the relief of not caring which way the price moves (as long as it moves). Yes, it is possible to cash on any move in the market. For more information, which is freely available, on this great technique why not Google stop forex trading or visit informative sites like www.expert-4x.com or www.forextradersupportservices.com

Other rules that were worthwhile breaking in the course of developing this technique were: let your profits run and cut your losses or always trade in the direction of the main trend. These will be subjects of future articles which give more information on the development of the No Stop forex trading system.

This is the first in a series of seven articles on the No stop forex trading technique which will be published in this article directory on a regular basis. Make sure that you do not miss any of them.

About the Author

Find out how you can make money trading the no stop forex trading technique from Mary McArthur who is a Forex trader with http://www.forextrading-alerts.com She also assists with management of http://www.forextradersupportservices.com Mary is considered an expert of the system and has co authored a forex trading course available on the above sites and can be contacted at info@expert4x.com

Forex Forecasts — You Never Know What You Will Benefit From

Possible risks and profits to be made can always be predicted if traders would only have more accurate Forex forecast to base their trade and decisions upon. Forex forecasts are only one way of keeping up with the volatile Forex market. Success will depend the most in knowing what and who will affect the rate changes.

The Forex market has already been through a lot of ups and downs that even fortune tellers would have difficulty guessing what will be its next movement. Making a Forex forecast can be helpful but can also be too risky. Besides, doing it is not that easy also.

In Forex forecasts, nothing specific is given. The traders are not made to hope high and expect more. If you have seen or heard a Forex forecast, be sure to check on some projected rate fluctuations whenever and wherever possible so you would have an idea it the Forex forecast shows a likely possibility to be true or not.

Staying in touch and up-to-date with the latest news and happenings around the globe and information about the Forex currency can help traders determine when is the best time to buy, sell and stay away from a particular market. All these things are important in the performance of your trade. Take note of some Forex forecasts if only to serve as guide whenever you are in a situation that you find hard to make a decision upon.

How can one benefit from Forex forecasts?

There are some companies that are offering Forex forecast information as a subscription that traders can avail of. For those who do not have enough patience and browse for information in the internet, this Forex forecast information would be their alternative.

No one said that there is a 100% accuracy in these Forex forecasts. And no one told traders that they should also believe them 100%. If you want to have more degree of accuracy in the Forex forecast, you could always find one with the most accurate percentage rate.

You could look for something or someone that offers free information or a trail period for you to test the degree of their ability to give accurate forecast about the Forex market. There are also some sites that send out Forex forecast to emails that you may want to try out just so you will choice to choose from if you decide to avail the services of some of them.

Relying only on one Forex forecast is not the thing to do. You should at least have some more choices in the process of making an investment decision. Try to get more Forex forecast from sources that are rampant online and offline so you would not stick to just one.

The thing to remember is that your investments are your future and you have already worked too hard to just let it all down the drain. Do not put the future of your Forex trade into the hands of only person. Try to get several Forex forecast and choose the best one that you think has great ounces of accuracy up their sleeves.

Before putting the future of your investments into the hands of those offering Forex forecasts, make it a point to check out the latest that is happening in the Forex trading and see if the trend is likely to go with what the predictions are telling about.

If you think more about it, people doing Forex forecasts would not be out there giving bad forecasts because their reputation is the one at stake there. They surely would not want to ruin the image they have by giving false predictions about things that they know people will listen to, would they?

Like they say, traders should not believe all that is written in Forex forecasts. Some but not all. There are still decisions to be made that will be based upon the trader itself and no amount or accuracy of Forex forecasts can make that decision for them.

Just to be on the right side of things, always make sure and do your own research that will back up the Forex forecast you actually think is going to work. You never know what it will lead to...

by Kevin Anderson

Automated Trading Systems for Financial Markets and Recommendations for Their Usage

1. Introductions

Today, using information and trading platforms has become a de facto requirement for successful trading in the financial markets. Their advantages as compared to conventional trading schemes include, for example, an unprecedented speed of processing and delivery of information to end users, the level of integration with data providers, and a wide array of built-in technical analysis instruments.

At the same time, an investor opening an account with a brokerage firm simply cannot simultaneously manage the real-time analysis and trade in more than 4-6 financial instruments in several markets 24 hours 7 days a week. This brings about the need to employ automatic trading systems in the form of runtime environment with client and server parts and the programs to control these systems (scripts).

2. Comparative Analysis of the Problem Area

Various software components embrace the entire target sector of the market-from analytics and forecasting to complex trade and administration. The components of a trading platform provide its clients-brokers, dealers, traders, financial analysts and advisors-just the service they need at the very moment they need it, from immediate round-the-clock access to information of concern by means of mobile devices, to multi-move trading operations in the major client terminal.

The software market offers a great many of information and trading platforms that differ, first of all, in the functionality of the client and server parts, and the list of services provided by the financial company once an account has been opened. However, only a relatively small number of software solutions include the components that automate trading.

2.1. MetaTrader4-based Solutions

One of the world's most widely used trade platform products is apparently MetaTrader4, developed by MetaQuotes Software Corporat?on for Forex market trading. The platform includes an integrated development environment (IDE) MetaEd?tor, intended for writing scripts in a programming language called MetaQuotes Language, or MQL4 for short. The language's syntax is based on the classic C language syntax, and the flow logic has not been significantly changed since the previous version of the platform that used MQL II as the programming language. The new automated trade framework is, undoubtedly, an evolution of the previous one. Both languages feature good functionality, with an optimum set of built-in trading and utility functions which is quite sufficient to implement the basic operations, and a facility to define custom functions to help implement non-standard ideas.

From the programming point of view, MQL4 is much more convenient that its predecessor; this language is more oriented at professional programmers, while MQL II, in my opinion, will rather suit financial experts wishing to build trading programs (or trading advisors, in the MetaQuotes terminology) of their own.

2.2. Omega Research-based Solutions

In the New World, the vast majority of companies use the Omega Research platform developed by TradeStation Securities, Inc. This platform has long ago proven its worth at the worldwide market, and to date experts consider it to be the best system for technical analysis. The provided IDE called Omega Research PowerEditor is intended to create control programs in EasyLanguage (EL).

The language's major advantage that strikes the eye is the easiness (hence is the name) of placing opening and closing orders. The corresponding program instructions can be written such as if we were formulating an order to our broker in the plain human language. In MQL4, for example, placing an order to open a position would involve specifying about a dozen of various parameters. In EasyLanguage, the same can be expressed in a short statement using a few words. Working with technical indicators is about that simple, too. But don't fall under an illusion: when creating these simple commands, language developers sacrificed the functionality and limited the possible ways of using a particular function, therefore effectively depriving the IDE users of the opportunity to accurately implement their own algorithms.

TradeStation decided not to create extensive libraries of built-in trading and utility functions but to limit to only an essential set. As the platform advanced, the number of functions written by both in-house and third-party developers grew, and TradeStation simply included them as user-defined functions into the repository of its scripts. As a result, the functionality offered to users is not in the least scarcer than that of MetaQuotes product.

PowerEditor provides a built-in dictionary that lets user search and get help on the available functions. Another handy tool worth mentioning is the strategy builder. Using the strategy builder, the user can easily create a basic algorithm for his or her trading program, and then modify and adjust it as necessary.

EasyLanguage is an old-timer and pioneer in the field of creating automated trading systems for the stock market. It was the basis for the development of MQL II. EasyLanguage will be a good choice for programmers, but still a better one for financial experts more oriented at analyzing the market than trading.

2.3. ProTrader-based Solutions

Professional financial experts can choose the ProTrader2 or ProTraderFX platform as their working tool, depending on the type of the financial market-stock or Forex, respectively. The two platforms are developed and supported by PFSoft LLC. While featuring the specially developed ProTrader Language (PTL), the provided IDE named PTL Builder offers also the opportunity to create scripts in MQLII, MQL4 and EasyLanguage. For this, the text of the program is translated to a language-independent code. Therefore, at runtime it does not matter in which language the script was written. This technology does not only enable creating new scripts, but makes it possible to use freely the entire accumulated collection of scripts that many experienced traders possess.

The main idea put into the new scripting language was to ensure maximum reliability and predictability of the scripts being run. The PTL language is built so as to minimize the possibility of making a mistake in the text of a user's script-the potentially dangerous points will be detected even before the script is tested or launched.

Regardless of the programming language chosen, the platform works with verified managed code while running the script. This Microsoft-developed technology enables proper handling of errors that cannot be detected before the script is run. This means the program will not fail and will not perform any unwanted operations that might be due to critical errors or damage caused by another program, for which the account holder would eventually have to pay.

The PTL Builder IDE will serve well both financial experts and programmers thanks to its support of different programming languages and provided tools such as tester and debugger.

2.4. Solution Comparison

The above IDEs have their specific feature sets. The table below provides a summary comparison of the capabilities offered by each.

3. Approaches for Creating Automated Trading Systems and Recommendations for Using Them

It hardly needs mentioning that choosing an information and trading platform should be taken with all seriousness. For those who plan to use an automated trading system in their business, below are some points I would recommend considering, based on my personal experience.

3.1. Choosing a Working Environment

First of all, define the type of tasks the automated trading system is to perform. These could be:

Actual trading: opening and closing positions in selected instrument(s).

Secondary support-type functions. These could include placing protective orders, creating and sending out reports of notifications.

Analyzing the market with different technical analysis tools using your own algorithm.

Now, after you have studied user comments on the Internet and perhaps consulted your broker, proceed to getting the feel of the products offered. I strongly encourage you not to just have a cursory look, but to test the system for a day of two, thankfully, most of the large companies will let you sign up for a demo account for testing. Pay attention to both the convenience of the IDE and the tools that go with it, and to reliability and security of the control programs created with the IDE.

3.2. Creating a Control Program

If you are planning to create your own scripts, take the time to study the documentation for the programming language and the IDE. Naturally, for an automated trading system to be expertly organized, the scripts should be written by qualified professionals in the field of programming and finance. In case you wish to use one of the classic programs, remember that most of them are of trial, demonstration nature. They are good for testing the automated trading system or to be used as a basis for your own programs, but as self-sustaining, ready-to-use solutions they are of little avail.

If you decide to use programs written by third-party developers, keep in mind that good solutions will have to be paid for. The cost of one innovative strategy varies between $300 and $500, but the price for fine-tuned strategies that use advanced mathematical and economic techniques and especially for winners and runners-up of automated trading championships may exceed $1,000.

3.3. Testing Scripts

When using an automated trading system, always test your scripts. The procedure can be as follows:

1. Test the program in a script tester (if such facility is available in your IDE) several times, varying the chart period, the instrument being traded, and the program settings. Try to model the conditions close to the actual state of the market.

2. Test the script in a demo account (if such an opportunity is available). At this stage, it is important to let the program run for a sufficiently long time (it is defined by the period of the chart). Do not stop the test if the program has at once produced a big gain or a big loss. The usefulness of the script can only be estimated after it has worked for a significant amount of time.

3. Run the script in the live account. At this stage, it is not advisable to interfere with the script-for example, close the positions it has opened or modify their settings-or you can upset the internal logic of the program.

3.4. How Not to Fall Prey to Tricks When Choosing a Script

Remember that there are no absolutely perfect advisers. So, do not let them sell you the Brooklyn Bridge-if you had a system that brings in fabulous profits, would you sell it? There is only one advice-a rigorous comprehensive testing will help you get the right impression about the script offered.

Usually, script vendors describe their products with the results of their own testing. In most cases, however, such results are very slanted. Remember that testing should always be performed on several histories, or you can simply adjust to one history fragment and show sky-high results. Based on the NFL theorem, it is fair to say that it is impossible to create a script that would the best of all those existing, in all instruments.

Some professional programmers use sophisticated mathematical tools to endow their programs with artificial intelligence-neural networks, forecasting and evolutionary algorithms are no longer surprising. I would not recommend overestimating such systems-complex forecasting algorithms are very sensitive to errors and parameter settings, while simple schemes are not of much help to the advisor when it comes to generating trade signals, and can only be used to raise the price of the script.

4. Conclusion

In this article, I neither discuss any programming rules for creating the advisors, nor the specifics of writing scripts in a particular language. On these subjects, there are whole books written as well as a number of articles. My aim was to present several points which I think to be quite important but which have not been sufficiently covered in existing publications.

So, are automated trading systems your ally or enemy? When used carefully and without hasty judgments, an automated trading system can facilitate the financial expert's work and bring in certain profits. But when used incorrectly, incompletely tested, or having settings changed frequently, the automated trading system can lose the money you entrust to it.

Remember that an automated trading system is not going to do your job for you without any effort on your part. Use it to solve your existing problems and not add new ones.

5. References

1. MetaQuotes — developer of MetaTrader, MQL2 and MQL4

2. TradeStation — developers of TradeStation and EasyLanguage

3. PFSoft — developers of ProTraderFX, ProTrader2 and ProTraderLanguage

by Nikita Laukhin

Automated Trading and Scripts Analyst of PFSoft Company.

Forex Profits by Buying and Selling at the Same Time

This article is one of a series which looks at the advantages and weaknesses of trading using the hedged, grid trading system to trade volatile markets.

We will look at how money can be made by breaking a number of trading truths or principles; * cut your losses and let your profit run and * there is nothing to gained by entering into buy and sell deals at the same time.

The hedged grid trading system uses the principle that one should be able to cash in at a gain no matter which way the market moves. No stops are therefore required at all. The only way this is logically possible is that one would have a buy and sell active at the same time. Most traders will say that that is trading suicide but let's take some to look at this more closely.

Let's say that a trader enters the market with a buy and sell active when a currency is at a level of say 100. The price then moves to 200. The buy will then be positive by 100 and the sell will be negative by 100. At this point we start breaking trading rules. We cash in our positive buy and the gain of 100 goes to our account. The sell is now carrying a loss of -100.

The grid system requires one to make sure that cash in on any movement in the market. To do this one would again enter into a buy and a sell transaction. Now, for convenience, let's assume that the price moves back to level 100.

The second sell has now gone positive by 100 and the second buy is carrying a loss of -100. According to the rules one would cash the sell in and another 100 will be added to your account. That brings the total cashed in at this point to 200.

Now the first sell that remained active has moved from level 200 where it was -100 to level 100 where it is now breaking even.

The 4 transactions added together now magically show a gain:- 1st buy cashed in +100, 2nd sell cashed in +100, 1st sell now breaking even and the 2nd buy is -100. This gives an overall a gain of 100 in total. We can liquidate all the transactions and have some champagne.

There are many, many other market movements that turn this strange "buy and sell at the same time" activity into gains. These will be covered in future articles and are covered in a free grid trading course which is available at the expert-4x.com website for those traders whose curiosity has been aroused.

by Mary McArthur

Mary McArthur (marymacarthur@expert4x.com) is an Expert4x trader who provides technical input into the services provided by http://www.forextradersupportservices.com. As an expert, she authored a free hedged grid trading course on www.expert4x.com.

5 EMAs FOREX SYSTEM, Exponential Moving Averages Full Potential

Among one of the important concepts a new forex trader should know is what a Moving Average means, how it's calculated and what its use as a trading indicator is.

Moving Average is defined as a technical indicator that shows the average value of a particular currency pair over a previously determined amount of time. This means, for example, that prices are averaged over 20 or 50 days, or 10 and 50 min depending on the time frame you are using at the moment of your trading activity.

As an averaged quantity, MA's can bee seen as a smoothed representation of the current market activity and an indicator of the major trend influencing the market behavior.

The basic mechanics of how Moving Averages can tell you where the forex market is moving (up or down), at the moment of your analysis is by considering two different time frame Moving Averages and plotting them on the forex chart. It is very important that one of these MA is over a shorter time period than the other one; let's say one will be over a 15 days period and the other over a 50 days period. Most trading station software available by a number of brokers will let you do this plotting and much more.

Recently there has been the realese of a new forex trading system called "The 5 EMAs FOREX SYSTEM". This system will allow you to identify both entry and exit points with incredible accuracy. He even claims you can convert $1000 into $1000 000 in just 24 months. He may be exaggerating a bit on this, but his plan of action and use of moving averages is quite outstanding and accurate.

Depending upon the exit strategy selected, the system generates monthly returns of between 30% and 55%. Which is more tha enough to make a living trading the forex markets with the 5 EMAs Forex System.

by Adrian Pablo

http://www.1-forex.com/5EMA-Forex-Trading

Forex Trading Is Driven By Five Top Economic Indicators

Many factors affect Forex trading. It is critical to know and understand the various factors that cause the Forex to fluctuate from day to day. The foreign exchange market will change depending on the economic factors that play a role in the movement of currency.

Economic factors and indicators are released by the government or by private organizations that can look in depth at economic performances. These indicators can be used to analyse economic performances from any country. The economic reports measure a country's economic health, in addition to government policies and current events.

For the most part, a reputable broker can look at economic indicators and know which trades will be best. Reports on these indicators are released at scheduled times and can tell if a certain country is experiencing improvement in the economy or if the country's economy is on the decline. When the prices fluctuate, a great deal one way or the other, the price can be affected.

Current events and the state of the economy in any given nation is one of the top economic indicators used when analyzing the Forex. Factors such as unemployment numbers, housing statistics and the current state of a country's government can all affect changes in the Forex. When a country is feeling optimisitic about the current state of affairs in their country, prices of the Forex will reflect this. When a nation experiences political unrest, large amounts of unemployed workers and inflation, the rate of the currency will be reflected. Sometimes, this indicator tends to be overlooked, but can serve as an important gauge in the fluctuations of the Forex.

The gross domestic product,or GDP,is another economic indicator used when looking at the foreign exchange market. The GDP is considered the widest and broadest measure of the economy in a country. The gross domestic product represents the total market value of all goods and services that are normally produced within any given country. This is usually measured in the time frame of a year, and not in weeks or months. Using a larger time period gives good statistics on the products and services that are produced in the country. This indicator is not used alone when forecasting the Forex. The GDP is considered a lagging indicator, meaning that is a measurable factor that changes after the economy has already began to follow a certain trend.

Retail sales reports are the third economic factor that is often used in analyzing the Forex. This is the total receipt of all retail stores in any country. Usually, this measurement is not every single retail sale, but is a sample of diverse retail stores throughout the country. This is considered a very reliable and important economic indicator because of the consumer spending patterns that are expected throughout the year. This factor is usually more important that lagging indicators and gives a clearer picture of the state of the economy in any country.

Another reliable economic indicator in the foreign exchange market is the industrial production report. This report shows the fluctuation in productions in industries such as factories, and utilities. The report looks at actual production in relation to what the production capacity potential is over a period of time. When a country is producing at a maximum capacity it positively affects the Forex and is considered ideal conditions for traders.

The consumer price index, or the CPI, is the last critical economic indicator in analyzing the Forex. The CPI is the measure of the change in the prices of consumer goods in 200 categories. This report can tell whether or not a country is making or losing money on their products and services. The exports that a country has are very important when looking at this indicator because the amount of exports can reflect a currency's weakness or its strength.

The Forex is affected by many factors. These factors usually follow a certain trend so it is important to understand how each factor works in forecasting the Forex. Some are good indicators alone while others should be used together for accurate Forex predications.

by David Mclauchlan

http://www.forex-article-directory.com/

How To Trade Forex Like A Pro

I'm here to help you learn how to trade forex and do it like a professional. This is a big business with a potential to make big money, but the fact is that 90% of people that get involved in this lose money. That means only a small 10% are actually doing good at this and here is what they do.

* Control Your Emotions: There are two types of traders; the calculated one and the emotional one. You definitely don't want to be the emotional trader. The emotional person is the one that ends up being the pathetic gambler that loses their life savings. The calculated person is the one that is making trades based completely on numbers. They're making good moves and profiting. They never get caught up in the moment or get upset. Be smart and be a calculated person.
* Use Your Demo Software: When you have a trading platform, you're going to have a demo account. This allows you to learn how to trade forex without having to use any real money. It works as a real live simulator where you make and follow trades, but never use any real money. It is probably the best tool you can get your hands on because you can do hundreds of trades practicing a strategy, until you're comfortable enough to use your real money.
* Be Confident, But Reserved: You're going to need to develop a sense of confidence. If you can't get that confidence, you're going to have a rough ride because you're going to be stressed out with each trade. You need to trust enough in your trading decisions. With that said, a lot of people get overconfident and this leads to bad trading decisions. Therefore, you need to be confident, but reserved.

These are some tips to help you learn how to trade forex. 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.

Article Source: http://EzineArticles.com/?expert=Tyler_Ziggler

The Forex Mini-Account

It is often a misperception that Forex trading requires a large investment. This is one of the reasons that a lot of traders do not enter the Forex market, and stay in other markets like trading stocks. However this is not the case. Forex traders are able to trade by opening a mini account.

Advantages of a Forex Mini-Account

Low Capital Required Forex Mini Accounts require only $300 to start. This is very fair as most traders trade figures much lager than this. There are very few investments people can get into with just $300. Prospects in Forex are also very good and most people can turn profits within short time frames.

High Leverage In the stock market if you own $1000 dollars worth of share then you generally can get around $500 to $750 for leverage. These are optimistic figures. In the Forex market due to the liquidity of currency a trader can get up to 100:1 leverage. If you pay the small margin of deposit ($50 per lot) your mini account can serve as a very lucrative trading vehicle.

Pips One pip equals to $1. Owners of Forex mini accounts can trade in Pips as opposed to dollars. This is in an effort to scale down the risk. This lower denomination allows traders with lower capital more flexibility in exploring many more opportunities in trading Forex. This also allows low-capital traders to diversify their portfolio more to reduce the risk of loss as it will be more spread out. For example a 30 pip floating loss equates to around $30. So if the trader has a 30 pip move against the other direction in their $100,000 mini account it translates to a $30 floating loss.

Smaller Trading Size Standard Forex accounts contract sizes are 100,000 units. Whereas, a mini Forex account allows traders to trade in 10,000 units. The smaller trade size allows traders to trade live but with less risk. This is also ideal for those with smaller capital or those who are risk-averse. It is also ideal for beginners who are not yet confident in their abilities and want to test the market with smaller trades. As traders advance and become more confident they can increase they're lot size to 20,000 units.

Another hidden benefit of trading with a Forex Mini Account is for a trader to become familiar with the procedures and the environment of the Forex trading system. The software used for the mini account is similar to the regular account and has all the same functions.

Forex mini accounts are ideal for traders who are trading less then $10,000 as it allows them more trading opportunities. If they were to open a regular account it is very likely that they're entire capital can get stuck into one trade. It is a less risky alternative ideal for those new to the Forex market

Arkaitz Arteaga - MarketStock.net

For more information about Forex visit Forex - MarketStock.net

Article Source: http://EzineArticles.com/?expert=Arkaitz_Arteaga

Arkaitz Arteaga - EzineArticles Expert Author

Forex Raptor Vs Forex Killer

Forex Raptor is a new automated trading software for the home based user. It enjoys the endorsement of leading Forex experts and has an impressive track record. It is interesting to see how this software compares to a more well know software such as the Forex Killer program.

What are the similarities and differenced of these 2 softwares?

What do they do?

Forex Raptor can actually trade automatically for you without your active participation, or you can trade manually through it. Forex Killer is an advisory tool which means that it just tells you what to do and you need to make the transactions yourself.

Currency Pairs

Both these softwares can work in multiple currency pairs from around the world. Every major pair will work.

Location

You can use both softwares from everywhere in the world

Ease of Use

Both of these softwares take a little time to get a handle on. Expect a week or two until you get them down perfect. Overall, they aren't too complicated.

Who are they for

Both Forex Raptor and ForexKiller are perfect for new and medium traders. Veterans can also find them useful as a supporting tool.

Platform

Forex Raptor can work with any MT4 broker. Forex Killer will work with any trading platform.

How Much money can you make

The potential is impressive with both of these softwares, but it is truly up to you, how much you trade, how well you follow what the program tells you, and other factors.

Track record

Forex Killer has a longer track record than ForexRaptor. It's just been around longer.

To read more about this Forex Killer, click here: ForexKiller Review.

John Drummond works from home. He writes often on business, trading, and finances. To read John Drummond's review of Forex Raptor, click here: ForexRaptor Reviews.

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

The Best Forex Trader Advice

I want to make you the best forex trader and I hope to do it with this advice. There is no need to be intimidated by this $3 trillion a day market, you should be excited to have the potential to have a share of the profit.

How do you find a good broker?

Brokers are everywhere on the internet and since it is so easy to put one up on the internet, often you'll run into poor quality ones or even scams. Some are decent and the rare few are amazing. The broker is what holds your money, so there is absolutely no reason to slack in this area. The best place to find out about these are at online forex forums. You can google to find them and you should be able to find hundreds of threads on various brokers. You'll notice there is a consensus about which one is the best. All the posts are generally unbiased, so you can make the choice on your own.

When should I trade?

Make sure you trade during the peak hours. The reason for this is that the volume is so high. The high volume means that currency will be persuaded by market forces. During times when the volume is low, a large bank can make a trade and cause a currency to go in a different direction. Stick with the peak hours.

What should I do during the day?

Develop a routine that works for you. The last thing you want is a new struggle each day. Some people like to think that is a good thing, but it is mentally tiring. The best thing you can do is set up routines that you do everyday. These will evolve throughout time and it'll help you become a more profitable trader.

These are some tips to help you learn how to trade forex. 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.

Article Source: http://EzineArticles.com/?expert=Tyler_Ziggler

Margin Trading Revealed - How to Make Real Money With Forex

How is it possible to make real money by trading in the Forex market? Two words: Margin Trading. Margin trading is trading using borrowed money.

As you recall from part one, Forex is traded in lots, usually of $100,000. So you cannot for instance, purchase a hundred, or even five hundred units of any given currency. Some Forex dealers may offer Mini-Lots, which are $10,000 - or Micro-Lots of $1,000. Fortunately, you don't need to have $100,000 lying around in order to get started in Forex trading.

Margin Trading is used extensively in Forex trading. The broker is paid a security margin, which will typically be between a quarter of a percent and five percent. You will then have control over a much larger amount of money. To trade a lot of $100,000 you will need a margin of $1,000 for the broker. You will need more than that in your Forex account, of course in case the trade does not work out well for you.

Say that at Ten in the morning, you sell $100,000 USD and purchase Euros. At that point, you will pay $1.4725 per Euro, meaning that you will be able to buy 67,912 Euros. Your Euros then have a value of $99,967 (you lose $33 from the bid/ask spread). You then close the trade at 5PM and sell your Euros and buy US Dollars. You'll get $1.4770 per Euro, netting you $100,306. This will mean a profit of $306 for the day.

Margin trading is a form of leverage - where a small amount of money is used to leverage, or control, a much larger amount. Using Margin Trading, you can make or lose money from tiny changes in the relative value of currencies on the Forex market.

To trade this way, you will need more than the amount of the margin in your Forex account. In the case in the above paragraphs, you would need to have had more than a thousand to begin, otherwise you would have a negative amount in your Forex account.

Say you began with twice that in your Forex account. Again, $100,000 USD is sold and Euros bought in the morning. Your used margin would be $1,033, leaving a margin of $967 in your account. Now suppose the trade goes poorly for you. At noon, the quote is EUR/USD = 1.4578/1.4583, making the 67,912 Euros you purchased earlier worth $99,002. Your usable margin would then be only $2, and your trade would be automatically c;closed to prevent your account from going into the red. As a result, you would lose $1,998.

Now suppose that you had had $3,000 in your account, and your trade could have continued. If things had kept going badly, and the quote at one PM was: EUR/USD = 1.4570/1.4575 then your Euros would be worth $98,948. Your margin would be $2,052 used, with $948 left in your account. You could then keep trading, and hope for the Euro to recover against the US Dollar. If this occurs, and by five PM the quote is: EUR/USD = 1.4770/1.4775, you could then sell your Euros and make a profit of $306 for the day.

You should try to have at least twice your margin in your account always. The best move, if possible is to never trade with more than 10% of your Forex account at any given time.

Margin Percent = 100/Leverage

Leverage = 100/Margin Percent

Ian Armstrong is an avid Forex enthusiast.

He recommends using "Easy Forex" as a good way to start trading with small capital (as little as $100 USD), high leverage (200:1), and tight spreads. Full details at Easy Forex Platform

Article Source: http://EzineArticles.com/?expert=Ian_Armstrong

Forex Tracer Review

Forex Tracer is the latest Forex trading system online and it's selling like hotcakes. Much like the previous trading systems Forex Tracer requires no previous experience and has been designed to be on autopilot and make you money. All that is required is a reliable Internet connection and the ability to leave your computer of choice on 24/7. Write that down.

While I couldn't find much information on the fine folks that created Forex Tracer, I did find out that they are expert advisors that worked with mathematicians to develop complex algorithms. Oh and that this program is safe and legal. That's what daddy likes to hear.

So if you're lazy like me and would much rather pay someone to do something for you or find something to do it automatically this is the type of system you should be looking into. It automatically buys and sells for you, it's a beautiful thing. I'm not into learning the Forex system, why would I waste my time learning when I can launch a program to do it all for me? That's just not an efficient use of time.

Forex Tracer was tested over an extended period of time and in all kinds of market conditions and in the end had made $25,000-$335,000. The average winning-trades in a row have been 19 and the maximum being 53 which is total insanity (as you may or may not know).

One thing I'm loving about this fancy Forex Tracer is you can start with a "demo account" so you can play the ol' market with "play money" and see how much you could/would profit before even investing a dime. How genius is that? This simple fact combined with the 60 day money-back guarantee makes it totally risk fee.

Before purchasing it this is what I said to myself: "Ignore their sales page/pitch for a second and look at their proposal logically. They're offering a trading system for $97 which may or may not make me $1000's. I can test the market before investing any money. There's a 60 day money-back guarantee. Worst case scenario I'll see no potential profit while using the "demo account" within 59 days and I get my money back. Best case scenario I make $1000's of dollars doing little to no work." Where's the risk? I know right, everything is much clearer when you think logically.

I've been tinkering with the "demo account" and I've seen great results. I'm going to be using my actual money this week, I'm excited. Are you excited? You should be excited. Regardless of your financial goal Forex Tracer can help you get there... whether it's getting out of debt or investing in your favorite donut shop.

My goal is to quit my day job and spend the rest of my life sipping margaritas on the beach, join me won't you?

Click here to check out reviews of the top three selling Forex trading systems.

Article Source: http://EzineArticles.com/?expert=Josh_Gould

Forex Autopilot Scam Review

Forex Autopilot is the most prominent and well-known automated trading platform available online today and was actually the original forex trading robot to be released to the general public. However in saying this, is the program any good and can you expect to make any money with it? Forex Autopilot scam? You'll know once you read this!

Forex Autopilot was basically designed for someone who has absolutely no experience in making an income online to be able to break into the fantastic and lucrative world of international currency trading. In the past you would have required to spend a lot of your own time, money and effort in learning how the forex world works, or hire an experienced trader to do the work for you, now you can enter this world without any prior experience and with an investment of as little as $50 to begin trading.

How it works is that Forex Autopilot is programmed to detect and seek out extremely low-or-no risk trades which are not extremely lucrative, however the fact that this computer program does not have to sleep and can continue to trade for six days a week, you'll most likely make a whole lot more money in the long run than if you were sitting at the computer waiting for the right opportunity to come up so that you can make an extremely lucrative trade.

You're not required to have any experience in currency trading whatsoever to begin trading in the forex market with Forex Autopilot. As long as you have the motivation and skill to spend half an hour reading the instructions and then ten minutes setting the program up, you can begin trading and making cash.

As far as how much you can make with it, it depends totally on the market at the time, however I'll give you my experience with the program when I started using it.

I initially invested $100 and set the program to work. By the end of the first week only - 6 days of trading -- that amount of money had been turned into $250. Two months later, I had made a total profit of $1150, leaving me with $1250 from a start of $100.

Now while earning $1150 in two months may not sound like a whole lot of money, when you consider the amount I began with you should be able to see how lucrative this program can be. That and the fact that I did no work at all to make that money, will make this an extremely viable investment for anyone looking to break into the forex market.

Do whatever feels right for you, though I hope my Forex Autopilot review has helped you to make a more informed decision about this product.

For more FOREX AUTOPILOT info, simply CLICK HERE David Morris is an extremely successful online businessman who has created wealth doing everything from currency trading to online marketing.

Article Source: http://EzineArticles.com/?expert=David_Morris

Forex Scalping Methods

Scalping the Forex market is one of the fastest growing methods for trading Forex in the modern day world. In Forex scalping trading is performed over much shorter periods than other forms of trading and income is often generated even from relatively small fluctuations in a currencies price.

The main reason people trade via scalping is often that due to the quick nature of the method, profits can be built up fairly quickly. What’s more it also makes market movements far less likely to cause a large differential in the buy and sell prices.

Other methods of trading such as technical and fundamental analysis rely on analysing trends and predicting movements based on past performance or current news. Forex scalping offers a much quicker turn of events and traders using this method are simply looking for lots of small movements in currencies in any trading day.

Due to this difference in speed of trading, Forex scalping often means that traders run a much tighter ship as the risk is spread short time over a large number of currencies. In other methods of trading losses can often run a bit loose as the trader searches for that one trade that will return a big profit.

When scalping a trader will often only hold a currency for a matter of minutes before they resell at a profit. What is basically happening is that the Forex trader is playing with the spreads to bring in money where others fail to spot such a small market move.

Almost all successful Forex scalpers base their strategy on absorbing masses of information about the market they are trading in. You will not find many new traders adopting scalping methods simply because of the level of knowledge and nerve you need to succeed.

It is also rare that a Forex scalper will hold their position overnight. Most will close all trades before finally turning their computer off. If they do not then the trade they leave running is not really following the Forex scalping method.

The scalping method is usually based on three factors:

Liquidity – The more liquidity in a market then the more attractive it becomes to a Forex scalper as they can make more profitable trades in any given period.

Volatility – Only the most stable of markets are attractive to scalpers as a big movement is not what they are looking for. A stable market offers the chance to gain lots of small profits from many many trades

Time – A successful Forex scalper will not always begin trading at the start of a day. True, the longer they have to trade then the more they can make but patience is the key since it is pointless trying to scalp the Forex if market conditions are not right, for example in a period of large economic uncertainty.

As you can see, providing you have taken the time to learn as much as possible about market conditions then Forex scalping methods are not that difficult to implement. In many ways they are much more secure than other methods and this is why the method is becoming so popular.

Paul Bryan operates Forex Reviews - A site aimed at bringing you the best and most independent Foreign Exchange information and articles.

Article Source: http://EzineArticles.com/?expert=Paul_Bryan