How to Trade in the Best Market on Earth to Scrape Millions?

The foreign exchange or "Forex" (also called the spot market) is the leading market on the planet with an average of $3 trillion traded every single day. That's about 100 times of the $25 billion of the NYSE and more than every single asset class pooled (i.e. more than the bond, stock, equity markets together!).

The Forex billionaire players

George Soros gained international notoriety when, in September of 1992, he toke a chance of losing $10 billion on a single currency speculation when he shorted the British pound. He turned out to be accurate, and in a single day the trade produced a profit of $1 billion - at last, it was articled that his profit on the transaction nearly Stretched to $2 billion. As a result, he is well-known as the "the man who broke the Bank of England.

Warren Buffett is active in Forex market trading and has been for numerous years, in the 3rd quarter Of 2004, Buffett posted profits of $412 million from Forex.

Bill Gates may have been following his friend Warren Buffett's recommendations on how to trade his Forex investments..Bill Gates was 2006's.world's richest man.
How to trade in the Forex market

The basic notion to understand in knowing how to trade Forex is that there are always two currencies in every pair, a BASE and a TERMS. The BASE is forever the first currency in the pair and is always equal to 1. The succeeding currency in the pair is the TERMS and this declares to you how much currency you could get for 1 unit of the BASE currency. For instance, if EUR/USD is trading at 1.4840, it means 1 Euro is worth 1.4840 US Dollars. When the exchange rate climbs, the 'terms currency' is weakening against the base, and the base is obviously increasing against the terms. Currency trading is the simultaneous buying of one currency and selling of the other.

In Forex you can literally create millions for yourself, if you use right practiced trading strategies. This marketplace has both the leverage and the accuracy to transform your trading career. Forex markets are absolutely liquid because there is a participation of banks and corporations, hence the enormous size of the market. For thisSense alone, Forex is the self-selected marketplace of choice of the Millionaire trader, due to its speed, efficiency, precision and clarity of signal.

Here are the 3 key motivations why you should do it too:

1. You only Require a laptop, internet connection, some reasonably inexpensive software and professional training to get going.
2. You can trade from almost anywhere in the world at any time that suits you.
3. You can regulate the risk on any trade of your account balance and leverage the upside for fantastic profit potential.
4. You can simply start trading with a small amount of $150.
5. And ultimately to stress the importance that you need to be trained how to trade first before you get down to it.

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Ultimate Forex Formula Review

Is the Ultimate Success Formula a scam? This course is a complete FX training package that provides members with 2 Forex profit systems. In addition, I have also been able to download trading example videos and trade alert software that notifies me whenever there is a profitable trading setup. Before investing real money with this system, it is highly advisable that the techniques be tested first on a demo account, not because it doesn't work but that it is necessary to get used to the techniques first.

1. What Do You Need to Have in Order to Profit from the Ultimate Forex Formula Course?

There was no need for me to go out and get any kind of complicated or expensive equipment before I could start making use of the Forex trading methods. All I needed to have was a good computer or laptop and the basic trading programs required to execute my trades. The most professional FX traders have specialized computers with a sole purpose of trading only, but there is really no need to have such supercomputers to profit from this formula.

2. What Kind of Knowledge Have I Gotten From the Ultimate Forex Formula?

Following the movement of trends on various charts is one of the most important skills that I have picked up by going though this course. As a result, you will want to ensure that your computer is capable of loading up charts that are pointing to a live data stream. There is certainly a lot of hype right now in the Forex educational industry, but thankfully has fulfilled its promises of giving the chance to trade and generate a second income from home.

3. Will the Ultimate Forex Formula Work For You Too?

If you are searching for a way to earn another income or even create a full time income from home if you are willing to spend more time, you will definitely be able to benefit from learning from this course first before deciding whether or not you want to trade part time or fill time.

Most traders start out trading part time and some end up as full time traders making most of their income through Forex trading. While it is certainly possible to make a lot of money in the short term in the FX markets due to the nature of the market, one should still exercise extreme caution and follow the money management techniques carefully to avoid huge losses.

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The Secret Of Successful Forex Trading

Very few of you will need an introduction to foreign exchange trading, or FX or Forex, as it is popularly called. Nevertheless, I'll explain just in case you are new to the term. Forex is the buying and selling of foreign exchange over the internet. This is a highly leveraged trading technique and can lead to immense gain or loss, either way. However, there are people who have made this a full time profession working right from the comforts of their homes.

All one needs to start is a reliable internet connection, a laptop or PC and 1000 US Dollars to start with. Make no mistake when you browse the net, as you are sure to do, to find out more about Forex trading, when they tell you that you can open an account with just 1 USD, 5 or even 500 USD. It won't work. You need that much margin in your account to take the 'whiplashes' of the market and prevent margin calls. Having enough money in your account will ensure you stay in a losing trade long enough for the market to swing back up again, even if it takes two or three days.

A margin call, resulting in less money in your account will close the trade while you are still in a loss and leave you at just that - a loss. So ensure that you trade with just 10 percent of your deposit at anytime.

Next, get with the flow. Determine the direction of the trend. If the trend is up, NEVER trade down. Do not go against the trend, you WILL lose.

Get with a strategy and stick to it. If the charts show you that prices are moving in a certain direction and the indication is not with your strategy, let the opportunity go. It's better to know what you are doing than gamble.

Set small targets. Do not go in for any get rich quick strategy. Set a reasonable target of 5 percent of your deposit per week. You will find that you can easily achieve this in a day. Treat the extra profit as a bonus.

There is no Holy Grail of Forex. Any strategy can go wrong. The only thing that will protect you is a good risk management program. It's all in the percentages. Trade small, trade consistently and success will be yours.

Do not buy an expert Advisor for automated trading. If that software really worked no one would be selling them. For the same reason, don't buy strategies either.

To avoid failure remember to: not get greedy, not get even with the market, don't pick tops and bottoms (you can't ride the waves), set a target of 5 pips for each trade, be disciplined, trade the same time every day. Oh yes, most importantly, chose the right broker.

Hire Dexter Figg, professional Forex Account Manager!

Visit http://www.ewriterz.com/forex.htm today to avail my special offer!

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Why Forex Robots Could Be the Second Income Opportunity Of 2012

With the current financial crisis affecting the earnings potential of millions, many people around the globe are looking for new ways in which they can generate an easy second income. This is not as easy as it seems however. Many second income opportunities will require you to sell a product which is somewhat counter intuitive when everyone is experiencing hard times. Step up Forex robots. While you may not have heard of them previously, they have been around for a while and many people are successfully generating regular profits from using them. And the good thing is you don't even need to know how to trade on the Forex markets is order to take advantage of the profits they can make!

Automated trading is a relatively new way in which you can capture profits in the Foreign Exchange markets. Forex, as these markets are also known, is the biggest of the world's financial markets. Trillions of dollars worth of currencies exchange hands on it each day with huge profits to be had.

Conquering these markets can prove difficult and the balanced psychology and disciple required by to successfully navigate these markets can be hard to come by. For this reason many top investment companies have looked to automated ways in which they can profit from the markets in order to overcome these human failings.

Developments in technology have played their part in the development of these systems. Computers are able to carry out a detailed analysis of the markets in just a matter of seconds and can trade around the clock, twenty-four hours a day without the need for a break. Furthermore with the speed of modern computers, automated strategies can now be run easily on your home computer.

The key benefit of these systems as an income opportunity is that you don't need to sell anything. In fact you don't even need to know how to trade on Forex. They are designed to be simple to use and carry out the functions that a professional Forex trader would on your account.

To use them you will need to download the MetaTrader 4 trading platform. This is freely available from a number of MetaTrader Forex brokers and can be installed on your computer in just a few quick clicks. It is then just a case of installing your Forex software onto the platform and then setting it to trade on your account.

So what return can you expect to make from these systems? Well of course the exact return you make will depend on a number of factors. These include the money you start out with, the robots you use and the length of time you have been trading with the system. And of course you need to remember there are unforeseeable risks when Forex trading the Forex markets. However it is perfectly possible to see your account balance double or even triple over a short space of time.

Find out more information on using automated Forex trading as a second income opportunity, by visiting us today and get your free guide to automated Forex at http://www.fxsystemtrader.com/.

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News Trading - Four News And Events To Watch and The Reasons Why

In the Forex market, there are only two ways of trading, the fundamental and the technical. The technical trading approach is characterized by watching and monitoring of Forex charts. This is done using moving average tools and indicators such as trendline analysis and fibonacci studies. On the other hand, the fundamental trading approach involves basing your odds on the market news. This is the basic principle of Forex news and events trading. By far, trading the Forex news and events is one of the most profitable strategies that would enable a trader to make large sums of money within a short time. It is also less risk as compared to the technical trading approach. To be profitable with Forex news trading, there are various news and events to watch. Let's see some of them.

1. News about US dollar

To be profitable with news and events trading, you must keenly follow every news and events that involves US dollars. The US dollar have greatest impact on the Forex trading and the market as a whole. Most traders even the technical ones are much aware of this fact. A number of participants in the market are keenly following the US dollar news to take any slight advantage and avoid being on the wrong side of the market which would make them less profitable. Each month, there are hot announcements about US dollar.

2. Employment reports

Employment report is released regularly every month on a Friday. This is a hot announcement to watch if you want to be successful with news and events trading. The employment has direct impact on the US dollar and this shows its importance for trading news. We have illustrated the impact that US dollar has in the Forex market. Any other item that affects the US dollar also affects the market in general. Massive moves in the currency prices are expected when large numbers miss employment. However, you need to be careful because the effect happens for a short duration.

3. International trade

The third important news and events to be privy of is the international trade announcements. The announcement about international trade has great impact on news and events trading due to two major reasons. First, it has both the growth and economic influence on the overall strength of US dollar. This allows it to also to dictate the movement of other currency prices because of the US dollar influence. Secondly, international trade news is a strong measure of trade-centric economies e.g. for the Japan.

4. Trade balance

News about trade balance has significant effects on the movement of currency prices in the Forex market. This is because a country's trade balance also influences the strength of its currency and the economy in general. For example, if an economy is importing more than what their export to their trade partner, the good would be paid by the local currency which further weakens it. This leads to a weak currency pair position in the Forex market.

Conclusion

Trading Forex news, or the fundamental trading is very profitable but only if you understand how to use the global news and events that affects the Forex market. Apart from what are discussed above, there other events and news that also have great impact on the currency prices. In order to be a successful news trader, you need to keenly follow two kinds of news; news which are moving the market and those that are causing predictable reactions.

You already know the global news and events which affects the foreign exchange market and just what kind of news and events you should seek out. Go to swing trading system to learn some new methods to improve your revenue, also checkout Robo Forex review to find some facts about one of the most suitable ECN account for news trading.

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Stock Market Trading - Technical Analysis And Chart Analysis

Stock market trading is an effective form of investing one's money to earn good profits. Scores of people speculate in the stock market and earn high profits through wise investments. The value of stocks fluctuates over a period of time, and sometimes the fluctuations are considerable. By purchasing and selling stocks at different stages of the rise and fall in prices, it is possible to make substantial profits.

To the casual observer, this might look more liking gambling. After all, there is an element of risk due to the uncertainty of the direction in which a stock's value might go. But experienced traders can predict the future value of a stock to a considerable degree of accuracy.

Technical Analysis

The ability to accurately predict a stock's value is both an art and a science. One of the tools used to predict a stock's value is technical analysis. In simple terms, technical analysis is the science of analyzing past and current data of a stock to predict its future trend. Since the outcome of accurate predictions has far-reaching implications, it is an important tool in stock market trading.

Stocks usually follow a trend line which seems to obey the law of inertia. In other words, when a particular stock moves along a trend line, it most often has a tendency to continue moving along that same trend. Once investors are able to spot a trend, then it becomes easy for them to predict the stock's future movement. This would give them an edge over other investors who are still guessing which way the stock would turn.

According to the science of technical analysis, when successive high points and low points of a particular stock are on the higher side, it is said to indicate an uptrend. On the other hand, when successive high and low points are on the lower side, it is said to indicate a downtrend.

Chart Analysis

Whenever data of any particular entity is collected, representing that data in a visual form makes it much more understandable. When the price data of a particular stock is collected, drawing a chart with the data can give investors a better idea of the movement of the stock's price. Chart analysis is one of the important aspects that help investors in deciding on how and when to sell or buy a particular stock.

While analysis is a science that deals with numbers, making accurate predictions of stock price movements is more of an art. Only seasoned marketers who have years of experience behind them can use the analysis data at their disposal and make accurate predictions with them.

Stock market trading is therefore an art and a science that requires detailed scientific analysis, artful predictions and gutsy risk-taking.

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Trade the Forex With the Correct Time Frame

Prior to electronic trading, before there was free real-time online access to charting, selecting a time frame to trade with was a non-issue. Standard operating procedure was to simply look at a daily chart and end of day activity. Today this is no longer the case. With easy access to real-time charting, selecting the correct time frame is an important element to a trader's success.

Old school market theory was to always use a large time frame. This mindset was common because the stand alone trader could not access real time charting. In fact, when electronic trading started to gain attention in the late 90's, it was common for traders to spend in excess of $500 a month just to subscribe to a stand-alone charting application. There were no alternatives like there is today.

In those days a common scenario was to simply take standard investing practices and scale those concepts down to trading. We now know the concepts that make a solid trader are not the same concepts that we would apply to investing.

Another common misconception was that you could trade any process in any market on any time frame. The biggest flaw with this idea is that not all markets or trading entities move in the same fashion. Attempting to apply a trading process developed for highly volatile entity like the forex to a low volatile entity or vice versa is just not going to work. Unfortunately we still see today this "one size fits all" trading mentality heavily marketed on the internet. This one misconception is the single biggest contributor to the high failure rate of most traders.

After all it is an easy sell: Buy XYZ trading program and trade it long term or short term on virtually any market. Once the trader gets a modicum of experience he quickly realizes that this thought process literally defies common sense.

The trader in the know understands that we now have the ability to not only select a process that has been developed to trade specific markets, but an integral part of what makes a successful trading process is making sure it is used on the correct time frame.

The key to selecting a time frame is to start small. After all today's online trader has the luxury of looking at price action in small increments as opposed to pre-online trading days. Keep in mind the single biggest difference between a trader's mindset and investor's mindset is that the trader understands his goal is to spend the absolute least amount of time possible in the market while yielding the absolute most amount of profit.

The investor needs time on his side to overcome the day-to-day market fluctuations and hopes that over time he ends up with more money than he started. Remember, the trader is taking advantage of those daily market fluctuations. The trader asks, why stay in a position overnight and be exposed to those fluctuations without the ability to manage the process. It simply is just too much risk.

With today's global economy and easy online access to the markets, folks are quickly realizing that it is just way too risky to be in the markets overnight or for extended periods of time. The numbers are growing exponentially of those who favor the mindset of get in, get a profit and get out, a short term trading mentality. This is a good thing for traders. This new market sentiment is creating ever more short term trading opportunities.

If you want to maximize your potential for profit in the shortest period of time, you need to select a market that is huge and has lots of volatility. Think of volatility as extreme price fluctuations that occur frequently. That condition makes investors lose sleep, but it's the absolute best conditions for a trader.

In order to be a solid trader you have to think like a trader, not an investor.

Hands down, the world's largest and most volatile market is the forex, the absolute perfect market to trade online.

If you select a time frame that is too small, say for instance a 1 minute chart, there is just too much back and forth activity to discern a solid trading setup. This is a form of what traders call whipsaw. So you need to select a time frame that smooths out some of this whipsaw or back and forth movement. However we do not want to pick a time frame that is too large because then we will miss trading opportunities. The sweet spot to be able to realize maximum potential profits in the shortest period of time is the 10 minute chart.

In the forex we can often take advantage of a 100 pip move in one 10 minute increment. Then a common occurrence is that price goes flat for 30-60 minutes and then changes direction, which means another potential trading opportunity.

Another key benefit of trading on a 10 minute chart is it allows the trader to use a very small or tight stop to minimize risk. In fact, another difference between a trader and an investor is that a trader uses stops to protect his capital and minimize his risk. An investor just hopes price will come back in his favor over time should price go against them.

A key element to realize at this point is that if we were to use a larger time frame our stop would also have to be increased. In forex the price action changes so quickly that increasing the stop size exposes the solo trader to too much risk.

The bottom line is using a 10 minute time increment creates a winning formula of maximum profit in the shortest time period while also reducing risk to its tightest possible tolerance.

If you're thinking like a trader you quickly realize that even a 10 or 20 pip move with a very tight stop is the smartest and safest way to go. If you want to increase your profits you simply trade multiple lots.

This way you never violate the cardinal rule of trading: Realize your profit objective in the shortest possible time with the least amount of risk. Another way to look at it is, get in, get positive and get out.

Because the forex is the world's most volatile market, price is constantly changing direction unlike slower, less volatile markets. That is why the trader must select a trading process that work consistently in that type of condition. The first element in that process is selecting the correct time frame.

To learn more visit www.theforextradinginstitute.com

Steve is a seasoned professional trader and trainer with over twenty-five years of experience in the equities, futures and FOREX markets.

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Your Forex Trading May Benefit You If You Consider These Tips

If you're having problems paying your bills you know that finding a way to make some extra money is a huge help. There are millions of people who want to be more financially independent. If you are looking for a second income and are thinking about Forex trading, look no further than this article.

You can find Forex news just about anywhere, at anytime. It is possible to find information on sites like Twitter or on television news. You'll see that the info is in a lot of places. With such large amounts of money on the line for so many people, making the information extremely accessible is very important.

You can rely on a relative strength index to find out the average gain or loss on a market. Although this won't be reflective of your specific investment, it'll give you some context as to the potential of the market in question. Focus your investments on healthy markets rather than taking risks on ones that have not been historically profitable.

Pay close attention to tips or advice about Forex. Some information won't work for your trading strategy, even if others have found success with it. Learn the technical signals, how to recognize them, and how to adjust your position in response.

Make sure you practice, and you will do much better. By practicing live trading under real market conditions, you can get a feel for the Forex market without using actual currency. You can build up your skills by taking advantage of the tutorial programs available online, too. Learn as much as you can about forex trading before starting to trade.

Never go anywhere without a notebook. You can utilize this journal to keep track of important information that you gather on the markets. Use this system to track all of your activities. From time to time, you should reflect on the tips that you've learned and see if these tips are still relevant.

Take advantage of exchange market signals, so you can buy or sell at the right time. Software exists that helps to track this information for you. There's special alerts you can set that will tell you when a goal rate is acquired. If you plan ahead and set proper alert points for when to enter and exit the market, you'll prevent yourself from having to react without thinking.

When you trade Forex, there are many kinds of analysis you can use. The three types of analysis are fundamental, sentimental, and technical. If you only use one or two strategies, you will miss out. As you gain experience, you can integrate the three types of analysis to get a clear picture of the market.

Research and learn about why Fibonacci levels are powerful for anyone looking to be a successful trader. Fibonacci levels give calculations and numbers that can help you in deciding when to trade. They can be used to help you determine an exit point.

Forex can be used to help supplement another income or even become the primary income. How much success you attain depends on your trading skills. Right now, it is important to learn how to trade.

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Why Forex Broker Review Websites Are Useful

Forex trading over the internet is picking up fast pace in today's world. The world-wide web has created a global village where people from all parts of the world can come together and meet in one place. Traders can discuss new ideas with each other. Prospective buyers and sellers can easily get connected to the trading indexes scattered all across the world. This allows them to get first-hand knowledge of the prices of commodities as well as the values of the currencies that are being traded. Special online forex forums provide helpful markers, such as graphical plotting and charts, which can prove to be quite useful for foreign-currency traders. However, not all forex forums present on the world-wide web can provide their customers with reasonable and reliable services. The internet is flooded with online scams, which target users for their own purposes. These scams are neither legal, nor are they legitimate. Their only purpose is to misguide the user into investing his hard-earned money at the wrong place, which can prove to be disastrous. The investors can lose their money in a matter of seconds.

Considering the fact that online forex trading is plagued with fraudulent scams, many people often refrain from taking advantage of this profitable business. Surely, there are deceitful schemes present all around us, but that should not stop a person from doing a business that he or she likes to do. There are also many websites on the internet which allow legal and legitimate trading to take place. Therefore, a prospective forex trader should make full use of this opportunity.

After a discussion on the highs and lows of foreign exchange trading over the web, only one question remains. How can a person distinguish between a lawful and legal forex trading forum, and a scam? The answer is quite simple. You can make use of forex broker reviews, which are present over the entire internet, and are extremely easy to use.

These forex broker reviews provide a free and comprehensive set of listings of the top foreign exchange trading websites. They take their input from their large community of users, who rank and rate the online forex websites. Using this rating, those forex websites are listed in order of decreasing average votes from the users. The community members also provide feedback and comments, which can be particularly useful for distinguishing between the average and the relatively better forex trading websites over the internet.

Therefore, if you have any doubts regarding a specific online foreign exchange forum, be sure to check out the forex broker reviews. They can guide you towards better trading opportunities.

Global Forex Talk provides the best services to its customers. For further details, please visit the provided link.

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Psychology of Greed in Currency Trading

When Greed Hits You

I know when I am trading when greed has hit me and wants to take over. I have these mixed feelings of excitement and elation and nothing else matters. The feeling I get makes me believe I can not be wrong. In fact how could I be wrong when the last one, two, three four or more trades have gone my way. I am on a roll, invincible. Then greed kicks in. I move my position up a little, then I have a wider stop because it doesn't matter anyway after all I can not be wrong. I even look at entering trades that are not strategy set ups.

When you get the feeling of invincibility in trading and start getting the feelings and doing the actions outlined above then it is important to stop. Greed can take over in one second and send you in a spin which can easily wipe out any winnings or worse still reduce your equity curve to zero.

Dealing with Greed

We all face situations in our lives when we need to deal with greed. This does not have to relate to money. Indeed there are issues with being greedy around food, possessions, time with people and so on. To deal with the whole issue on greed could take some time and would require a large amount of writing space. I am going to stick with the issue of greed when it comes to trading. When I talk about trading it can refer to forex, options, futures, stocks, commodities, indices and any other financial instrument. Here are my six tips for dealing with greed in the trading environment that I will discuss further.
Only ever trade your StrategyStick to your Trading RulesOnly risk between 1% and 3% depending on market conditionsAlways have your Position Size relative to your RiskBe ConsistentDo your own Analysis

Only ever trade your Strategy

I have an excellent mentor who has shown me several strategies regarding trading. I tested these strategies to assess if they worked for me and I could use them to fit into my trading schedule. I am using one of the strategies for a more longer term approach which can net between 100 and 500 pips in a weeks worth of price action. If I do not see a trade that is set up with my strategy I simply do no trade.

The markets have been around for many years and I am sure they will be round for more to come so as long as you know you can get a good number of pips from your strategy per month then there's no need to force the trade. For me I actually do not want to stress out and trade all day, every day so my strategy is great for me.

Have a set of rules within your strategy that tell you what criteria you are looking for to enter the market. The criteria should include when you could exit and the value within the market. As with all these rules the emotion is taken out of trading when you become more mechanical. So you have a tick list once all criteria are met and you have value in the market then the trade is good to go otherwise stay away.

Stick to your Trading Rules

Have a set of trading rules that you stick to like glue. This is critical to trading and will help take the emotion out of trading. You do not want to be haphazard with your trading for sure so you must have some guidelines set out detailing your behavior towards trading. So for example part of your rules will be which markets you trade, the times you trade, the time you will dedicate to trading each day and so on. This is sometimes referred to as a trading plan.

Trading should be treated like a business and any organisation that succeeds has plan. So trading is no different. Therefore you must treat trading and put together a business plan (set of trading rules) that govern your behavior. You will have have your objectives with the plan so you can keep a check on your progress.

If you have a plan and are able to check your progress against it then sticking to it will go some way to help combat the times greed tries to kick in. By sticking to your plan and rules you will force the decision not to enter a trade that does not contribute to your progression. Just like a business will not enter a market that is not in the business plan then you will not enter a trade that is part of your business plan.

Only Risk between 1% and 3% depending on Market Conditions

This is a straight forward rule to follow however once greed takes its hold on you then here is where the trouble starts to really kick in. The simple rule is if you have an account size of £10,000 then your risk is between £100 and £300 per trade. Simple!!! Just remember when the market conditions are difficult to trade keep your risk level low. When you have more confidence in the market dial it up to 3%. Never go over 3% because it is very easy to go on a losing run of four, five or more trades. You can even lose 10 trades, which if you have a solid strategy should not happen, and still be in the game because you will have lost £3,000 so still having £7,000 to trade.

Always have your Position Size relative to your Risk

Once you know the amount you can trade with, so continuing our example from above say £300 per trade, then you can adjust your position size depending on the value you have recognized in your trade set up. If, from your analysis, you would place a stop 100 pips from your entry then your position size should be £3 per pip. If your stop loss was 200 pips away then the position size should be reduced to £1.50. So the maximum you will ever lose is the amount you have previously agreed (with yourself) as being available to risk on the trade.

Be Consistent

You will lose a trade. You will lose trades. Fact. So get used to it and live with it. What you do not want to do is lose a trade then chop and change you strategy. One of the only ways that you will be successful in trading is to ensure you have a strategy that you will stick to on a consistent basis over a long period of time. Give your strategy time to win. Now if you give your strategy time by being consistent you will know and accept the level of winning trades. Once you know and accept this you will then negate any effects of greed because psychologically you have already accepted a set of results so once you receive what you have expected you can move on with other trades that are defined within your rules.

Do your own Analysis

It is very important to do all your own analysis when trading. Yes it is great to speak with other traders and learn from them however ultimately it is you that will be pulling the trigger so you are responsible for all your trades. Now this is important in relation to greed because once you have done all your analysis and followed your rules are then in a position to make a clear decision. So based on your rules and analysis you can take greed out of the equation because quite simply it will not be an option.

Conclusion

Greed is only of the disciplines you must master to become truly successful at trading. You can learn more and follow my trades and analysis for free on http://www.myforexjournal.com. I look forward to speaking with you on the site and helping you as much as possible.

Happy trading

Adam Gallagher MBA, ACMA
Professional Retail Trader

http://www.myforexjournal.com/

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What Are Forex Trading Platforms?

Forex trading refers to buying and selling different currencies in the global financial marketing. Forex trading platform can simply be defined as the computer software offered by banks, brokers and other financial institutions to allow their investors or users to trade currencies in an appropriate way to make money. Once you open a Forex tradaing account with a Forex Brokerage Company, you can star trading currencies in the global financial market from the computer of the Brokerage Company as well from your home computer.

The brokerage company provides you with the Currency trading platform or software. You can download the software on your computer and log in with username and password and start trading currencies. These softwares provide forex traders with different currencies and their updated buying and selling rates along with all the technical information and analysis. To earn profits from the Currency trading, basic knowledge about the forex market, experience and effective market analysis play key role. The most important thing is to buy the currencies at the right time and sell them at a price higher than the buying price. Forex Currency trading platforms have made online currency trading pretty simpler and easier for the traders. Following are some of the best forex trading platforms available for investor or traders:

Metarader

This is a very effective Forex trading platform which allows 29 languages and covers a wide range of Financial Markets of the world. A large number of brokerage houses are using this software. More than 90% forex trading volume in the global financial market is generated by Metatrader4 or Mt4 Trading Platform.
Traders can benefit from the automated trading that this software offers. The software provides users with great technical analysis and its archival record lets users know the Historical Price fluctuations of each Forex Currency with the help of charts, bars and lines to make it easier for you to trade currencies.

Forex Funnel

This latest forex trading platform is gaining popularity with every passing day. The software operates with Metatrader and it offers accurate setting up of minimum and maximum boundaries for buying and selling the currencies. The Forex Tunnel has the ability to open more than one trading window at the same time.

Turbo

This forex trading platform offers technical analysis to help users understand how and when to buy and sell the currencies. Since forex market undergoes ups and downs, Turbo gives you ideas and tips about the different market conditions.

Forex Tracer

Forex Tracer can be an ideal option for forex traders. After installing this software on your computer, traders can enter into the global forex market and start trading currencies to earn profits. The software offer different currencies with their updated prices along with useful market analysis enabling users to make their currency buying and selling decisions wisely.

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Trading EURUSD - Vital Pros and the Con of Trading EURUSD

The Euro is the second largest currency in circulation after the US dollar.It is used by the 16 countries that comprise the Euro zone. Consequently we cannot undermine the fact that the EURUSD is the most traded currency pair and also the most important. It is so important that the movements of the EURUSD often give a direct indication of what is presently going on in the world of finance. It is great for the Newbie to the FOREX market as it often moves at a slower pace compared to other major currencies. It is also negatively correlated to the USDCHF but positively correlated to the GBPUSD.

Basic Features to Know when trading EURUSD

1. It usually has a Bid-Ask spread with many brokers of between 1 and 3 pips.

2. Average daily movement of the pair is 90-100 pips.

3. The best time of trading the pair is during the euro session i.e. between 8 GMT and 17 GMT.

Most Important Factors that affect the quote of the EURUSD pair

1. When trading the EURUSD the most important factor you should know that affects the quote of the pair is the difference in interest rates between the FED and the ECB.

2. Traders should also know that a strengthening dollar leads to a decrease in the EURUSD quote.

3. Direct activities by the FED affect the USD therefore directly affect the pair.

Pros of trading the EURUSD

1. The most important reason and greatest advantage of trading the EURUSD is due to it's vary large liquidity.

2. Being a combination of the two most traded currencies in the USD and the EUR, the EURUSD is the most densely traded currency pair and who wouldn't want to go where everyone goes?

3. The combination of the above factors lead to our third reason being the EURUSD has very tight Bid ask spreads. Bottom fact: you can make a lot of money with the EURUSD but pay minimum commissions and spreads.

4. The pair has a historical correlation with other major pairs like the USDCHF (negative correlation) and the GBPUSD (positive correlation). This means it is easy to confirm analysis of the pair by looking at the movements of other pairs.

Con of trading EURUSD

It is difficult to imagine such a liquid currency with such tight spreads having a trading con. But yes! The EURUSD indeed has one. Volatility. The EURUSD is a very volatile currency. Its volatility comes because it is affected by almost any international event in the world and at any given time it may make unwarranted moves. This huge volatility of the EURUSD means it is indeed riskier to trade compared to some less volatile currencies.

Conclusion

The bottom line is if you have a perfect understanding of the Interest rates movements and FED's activities and also have a good grasp on your technical analysis then trading EURUSD is for you. If you lack any one of these areas the EURUSD market may dazzle you because it has huge volatility and has the tendency to range from time to time.

Day trading works well with EURUSD which usually has low spread. Read more about it on day trading strategies. Also, find out the details of a great broker to trade with at AvaFX review.

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The Best Proven Way to Make Money in Forex Trading

Forex is the most traded market in the world with more than $3 trillion traded every day. As a result of this, it is one of the best places to make fast abundant money nowadays. But before you can make this money, it is indispensable to know the rudiments of the market.

Forex traders exploit fluctuating currency quotes in order to make money and this can be successfully done by having the right forecast. You should be able to predict where the market is heading to and if you get it right, you will make the right money.

There are many indicators that can be used to predict market trends. They are your guides when making market decisions because they will show you when to open or close a trade. Some of them are charts, candlesticks, news, social networking, Elliot wave, Stochastics, resistance and support levels, etc. The combination of two or more of these indicators are the best strategy for successful trading.

Furthermore, information gathering is also very essential in order to be up to date. Things are changing every day, hence, you must put your ear to the ground for the latest information. New trading techniques are coming up every day and if you don't know them, you may not be able to take the full advantage of the market.

Despite being a 24hr market, you must find out the best time to trade each currency pair. You don't just enter the market anyhow, there are strategic periods during which market exploitations are easier. If you are able to discover this, you will make a lot of money than you have ever imagined.

The choice of a broker can make or mar your success in the market. You must choose a competent, reputable broker that is licensed by the Commodity Futures Trading Commission (CFTC) and recognized by National Futures Association (NFA). By doing so, you will be on a safer side because you are dealing with an entity recognized by law to operate the business.

In addition, you must trade on an excellent forex trading platform. There are some platforms that require you to download them on your system while there are some that require no download. A platform must also be innovative, with improvements being made every now and then. In fact, with the advent of mobile trading, it is now possible for you to trade on the move. So, you can now seize the opportunity of new innovations in forex to make money for yourself more than your imagination.

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Terminology You Must Know To Trade Or Invest In Forex

So you've seen some advertisements on TV or online and maybe you've read a little bit in investment books about Forex and it seems like something you might be interested in but you also keep coming across all these strange new vocabulary words and aren't quite sure what they mean. Fortunately, Forex terminology is simple and makes sense and once you learn it, you'll not only be able to understand more of the articles you read, but you'll also be able to use it in conversation yourself and feel like a pro. So let's get started on some of the Forex terms that you are most likely to encounter:

Ask - The Ask refers to the price at which you can buy a currency pair.

Bid - The bid refers to the price at which you can sell a currency pair.

Spread - The spread refers to the difference between the bid and the ask price. You will often see a currency price listed so that it looks like this:

EUR/USD: 1.3428/30

or sometimes like this:

EUR/USD 1.3428 / 1.3430

What this means is the bid is 1.3428 and the ask is 1.3430.

It is important to note that the bid will always be lower than the ask. If this wasn't true, then you could buy anything and immediately sell it for more money. Plus, the spread (remember, spread means difference between the bid and ask, which in the previous example was 0.0002) is how the market makers or brokers make their money.

It is said that you must "pay the spread" to trade currencies (or anything else, since in every market the bid is always lower than the ask). It is considered part of the cost of investing.

Pip - Pip is one of the most common terms you will hear. A pip refers to the smallest amount of movement a currency pair can make. So for example, if the EUR/USD goes from 1.3428 to 1.3429, that one pip. You could say "the EUR/USD moved one pip." If it goes from 1.3428 down to 1.3400, you could say "the EUR/USD went down 28 pips."

Leverage - Leverage refers to using borrowed money. Assume you have $10,000 to invest. If you buy $10,000 of something and it doubles, you now have $20,000.

But sometimes your broker will loan you money (which you must pay interest on). If you have $10,000 and your broker loans you another $10,000, you can now buy $20,000 worth of something. If it doubles your account is now worth $40,000. Remember that you must pay back the borrowed money ($10,000) so you get to keep $30,000 of the $40,000 after you pay back the $10,000 loan.

From this example it is clear how using leverage can help you make more money from the same movement. However, it is considered dangerous to use too much leverage (since you can lose money faster if price moves against you), and using leverage should always be avoided by beginners until you are sure what you are doing and why.

These are some of the most common Forex terms and understanding them will help you make sense of what you read when you are reading websites and books to learn about Forex.

To learn more, please visit this forex broker!

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Top Trading Strategies for Online Forex Trading

The key to successful profitable Forex trades will be determined by the trading strategies you utilize, knowledge of the Foreign exchange process, the definitions of the Forex terms, and the analysis used to closely monitor the fluctuations of the currency market and the main principles that are used by currency traders to formulate trading strategies that they will use.

There are many different strategies used to trade Forex. The main factor that determines your strategy is your leverage. The strategies used in currency trading are quite different from those used in stock trading. Leverage is designed to allow online currency traders to have more funds for trading than they have deposited. Investors are able to use up to 500 times more than what they deposit. This allows investors to get a higher yield in the foreign exchange market. As a trader you can optimize your profits with a mini Forex account applied with these leverages.

Leverage is widely used and it allows the investors to take advantage of the short-term fluctuations in the currency exchange market.

Another popular trading strategy used in trading is known as stop-loss order. This method is used to protect capital of investors by creating a pre-determined point at which the trader will close an open position. This method allows a trader to minimize the risks while trading.

Money management is another strategy used by traders to trade profitably. Some of the money management strategies used are, risk-reward ratio and percentage risk method.

Automatic entry orders are another form of online trading strategies and are very commonly used. FX traders are able to enter the market at a pre-determined price. The predetermined price is be used to trade the currency once this exchange rate is reached.

There are many different types of online Forex trading strategies and it is up to the trader to find the ones that best match their trading. The most popular FX strategies include a combination of one or more technical indicators to form a Forex trading system. The trading system is used to generate entry and exit signals.

Traders can use all these strategies, to come up with a Forex trading plan. The Forex trading plan will specify the rules of opening and closing trades. All these strategies should be written within your plan. The Forex trading plan is the number one trading strategy for trading the online foreign exchange market.   

Learn the most popular Forex trading strategies by visiting Forex Market Science Website and get a free example of a Forex trading system.

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How to Trade Forex: A Quick Guide to Learning to Trade Successfully

When learning to trade Forex, you might become confused as to exactly what you should look for in a trading strategy or trading system, because there are many options available on the internet today. So, what are some of the core components of a worthwhile and effective Forex trading strategy or trading system?

• Simplicity - The strategy or system that you ultimately decide to use to trade the markets should be one that is not overly complicated. The Forex industry is full of hyped up trading systems and strategies that are big on claims and promises but deliver little in the way of results. Instead, what you usually end up getting is a confusing heap of indicators that looks more like a piece of abstract art than a trading system. Stick to simple price-action based trading methods that don't require you to use a lot of indicators.

• Effectiveness - Obviously, you want your trading strategy to be effective. But how do you know if a particular trading strategy is truly effective or not as you learn to trade Forex? Well, the answer is that you don't really know for sure, because any strategy can fail in the hands of an undisciplined trader. But, generally trading strategies that are built on simple concepts of reading and trading the raw price dynamics in the markets are the most effective.

• Fits your schedule - Let's face it, if you are working 50 hours a week you probably are not going to be able to day-trade the markets. So, make sure the trading strategy you pick fits your schedule. It's best to focus on the daily charts when first learning to trade because they provide the most practical and pertinent view of the market.

• Flexible - If your trading strategy or system is not flexible enough to allow you to trade in any market condition, you might as well find a new one. Markets are not always trending. So, you need to find forex strategies that allow you to trade both trending and consolidating markets.

Finally, there is no "magic-bullet" when learning to trade Forex. Trading successfully over a long-period of time takes consistency and discipline. Anyone can get lucky and make some money for a month or two, but if you want to profit every month, year after year, you will have to shift your mindset from thinking about the now to thinking about the bigger picture. The bigger picture means getting quality forex trading training from a genuine and effective source, and applying this training with strict discipline in the markets.

There is no "sure" way to make money in the markets, but if you follow a no-nonsense trading strategy with discipline and patience, you will give yourself the best chance to succeed over the long-term. Don't get trapped in the snares of websites that make big claims about their trading systems or strategies. Instead, look for real forex training that teaches you how to read the raw price action of a market.

Nial Fuller is a Respected Trader and Forex Coach. He Runs Forex Training and Education Website, Visit his site here Currency Trading Training

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Why Making Money From Automated Forex Trading Systems Is A Reality

Automated Forex trading systems provide an easy way in which you can run a complete Forex strategy on your account. These complicated pieces of software do the hard work and actually make Forex trading incredibly easy. In short they provide you with the potential to generate profits from the currency markets on autopilot.

The real benefit of making use of these systems is that you don't need to actually know anything about the Forex markets in order to make money on your account. Even the less active trader and complete novices can participate in the available profits of the Forex markets by using them. More seasoned Forex traders can also prosper from their benefits, with Forex robots providing an instant way in which to diversify your existing trading strategies.

For these reasons Automated Forex trading has grown significantly in prominence in recent years. This has been fuelled by the availability of the technologies with which to create these systems. It has of course also been driven by the demands from traders for an easy way in which to make additional profits from the Foreign Exchange markets.

When I first started trading, far too long ago to remember, it was a hard graft to earn your profit from the markets. While this is still the case to some degree, you can make use of automated systems to carry out much of the hard work in analysing the markets for you.

These systems can be used to carry out the hard or market analysis for you. Furthermore not only can these systems carry out the required analysis, they are also able to execute the strategy on your account. This includes applying money management rules and risk controls on your account. And of course with automated systems, or Forex robots as they are often referred, you also gain an additional benefit of being able to trade on your account around the clock. This is a feat not possible by even the most dedicated trader!

Getting started with making profits on autopilot could not be simpler. All that you need is a MetaTrader account and the automated software itself. You can open a MetaTrader account with most Forex brokers. This will allow you to download the MT4 dealing platform that is used for automated trading.

The second step is to install your new Forex robot into the platform. Vendors supply full instructions on this, but rest assured that this is just a simple click through process.

The final step is the easiest of them all. Once you have completed the first two steps all you will need to do is to check in on your account from time to time to see how it has performed. The very fact that these systems are automated means that one they are set up, there is nothing else left to do!

Download your free guide to Automated Forex trading and find out why these systems offer you a genuine path to automatic financial profits at http://www.fxsystemtrader.com/.

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In Search of Sasquatch, The Loch Ness Monster, Forex Robots and Other Great Myths

Former NASA engineer develops forex trading software that yields a consistent 7% return by automatically trading for you.

Sounds too good to be true? Unfortunately it was.

If you were involved in online trading in the beginning back in 2000 you probably saw a lot of infomercials promoting various trading software products. The average cost back then was $5,000. None of those companies even exist today. What was the reason? None of those software products worked.

The premise was simple: Software would execute a trade exactly as instructed eliminating all emotions.

Think about it. In 2000 software and the internet was fast becoming an aspect of our everyday lives. We no longer needed to know how to spell, do simple arithmetic or contact a travel agent. So why shouldn't software be able to trade for us as well?

Anyone should be able to load up some trading software, connect it to their trading account, and just start watching the dollars add up. Right?

Centuries ago the idea of creating a machine that was capable of running on its own self-sustaining power was thought to be possible. You might remember it as the perpetual motion machine.

Well, to date, both are still myths.

Today the message is slightly different: Instead of software, it's called a forex robot or expert advisor. The benefit is still that these tools will automatically trade for you. The cost is much lower as well. Robots are available for less than $100 and forex brokers will give you an automated trading system for free.

Why are brokers offering these products for free? The answer is simple. These products generate a lot of trades which equal commissions in the broker's pocket. The same is true when you purchase a forex robot. The provider will tell you who you need to set up your account with because they receive a portion of the transaction cost generated by the trades the robots make. The bottom line: The incentive is that it gets the individual to trade frequently, because it is done automatically, so it is a perpetual commission machine for the broker.

Now don't get me wrong. There are some very sophisticated automated trading processes that do work. The first issue is, the individual trader is probably not going to gain access. The second issue is, these systems trade very infrequently. The benefit is that these complex trading systems monitor multiple markets and multiple entities in those markets waiting for unique anomalies to occur. Meaning in some cases, solid trading software may only have a couple of profitable trades in a 12 month period. The remaining time is spent on the sidelines out of the market. A broker could not feed his family on those commissions.

For the solo trader the recommendation is to first learn how to consistently trade manually and then once he has gained the necessary experience, use software as a filtering tool to alert the trader of a potential opportunity. The trader can then evaluate the potential setup and make the final decision whether to place the trade.

Free or low cost automated trading products fall into the category of "In Search of the Holy Grail". No one has found it yet.

Once you have gained the necessary experience using software as a filtering tool is a reasonable approach.

However history shows that as each new decade unfolds, we quickly forget what was marketed as the next great tool that will allow us to make quick money with zero effort. Time will only tell what the auto trading device of the future will be called.

Even though the concept of turning on your computer, firing up your trading robot and then heading to the golf course while your robot is making you money defies common sense, I am sure as you finish reading this another 10 or more have been sold online.

As someone once said "common sense is truly uncommon".

Visit http://www.theforextradinginstitute.com/

Steve is a seasoned professional trader and trainer with over twenty years of experience in the equities, futures and FOREX markets.

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Important Information in Looking for Forex Affiliate Programs and Highest Paying Affiliate

Online trading is one of the biggest and newest businesses today. Foreign exchange (Forex) affiliate programs let website owners make profit when they promote trading sites. Websites dealing with currency trading benefit by referring customers to a Forex broker or trading system. If you are looking for an affiliate, the main thing to search for is that a reputable broker is running the plan. You must also look at several factors such as payouts, trading platforms, and broker fees.

Forex affiliate programs provide effective ways to monetize a website with foreign exchange or financial related information. Take note that if your website is not about foreign exchange market or other investment programs, they will not really work. Many people may like the affiliate plan but it will not make much money if your website is about wholesale clothes, web design, or some other topics. In a much simpler sense, your site needs to draw in people who are interested in the currency market.

As a site owner, you must understand the Forex market to optimize your site. This will enable you to get the most out of the affiliate relationship. Not enough knowledge would mean difficulty in choosing the highest paying affiliate. This usually leads to choosing one that does not offer much in terms of commission.

Choose brokers that are in the online operation for several years. They are more reliable than new ones. Number of years, however, is not enough reason in choosing. Check the broker's website. Look for information such as the broker's physical address and contact details. Absence of these information could mean they are not legitimate companies. Another important consideration in choosing forex affiliate programs is the amount of commissions and fees the broker charges. Most add up to about four pips (smallest price range an exchange rate can make) on the current market spread and may earn small interests as well. The commission is much more substantial in case they add more than four. This would mean less money for investors and affiliates. Look as well for extra charges to clients. Check the fees for withdrawals and other small account activities. This will help you determine if the broker overcharges.

You must also be aware of minimum investment amounts and transaction costs. In addition, consider other factors that may affect the success of investments. Anything that limits their profits will limit the profitability of the Forex affiliate plan.

Many brokers offer demo versions of their trading platforms. They may come online or in a downloadable version. These allow potential investors to be familiar with the software before making any payment. It is also important to look at things like real-time quotes, account history and tracking, fast execution, charts and market analysis, as well as leverage availability. A forex dealer offering these to investors provides better chances of success. This would mean that the affiliates also have better chances of making more referrals and higher profits.

Search for the best Forex affiliate programs today and make your way to success.

John R. Lewis is an owner of Forex-related website looking for available { forex affiliate programs } and is also searching for the { highest paying affiliate }.

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Trading Forex on Margin and What Is Margin?

The reason for Forex trading popularity is margin. Without margin the Forex world would be beyond the reach of the common investor. So what exactly is margin and how does it work?

Margin trading allows Forex traders to control a large amount of currency using little of their own while borrowing the rest.

To obtain a margin account with a Forex broker will enable you to borrow money from the broker to trade currency lots with; the lots are worth $100,000.

The amount of borrowing power your margin account gives you is called "leverage". Leverage is usually expressed as a ratio- a leverage of 100:1 means you can control resources worth 100 times your deposit.

What this means in Forex trading terms is that with 1% margin in account you can control one standard lot/1 contract worth $100,000 with a $1,000 deposit.

However, Trading on margin increases both potential for profits as well as losses. In Forex you can never lose more than you invest losses are limited to your deposits and usually brokers will close a transaction that extends beyond your margin deposit by executing a margin call.

Benefits of Forex Trading

As mentioned above, trading on margin gives you more buying power and the potential for more profits or losses. How this works is; a 1% margin trading account allows you to control a position size of $100,000 with $1,000. When you are trading with $100,000 small market changes in the price of the currency can result in large profits or losses.

Forex currencies movements in Forex are measured using point known as pips. For example, the US dollar, is traded in units down to 4 decimal places, the last decimal place used to quote currencies is called a pip. Instead of $1.5 Forex quotes like in the Forex bureaus, the price is quoted as $1.5012. When you are trading $100,000 then each pip is worth $10 profit. So if this price moves up 1 pip to $1.5013 you will make $10 profit.

If price changes from 1.5012 to 1.5062 is a difference of 50 pips which represents a profit of $500. Without margin trading if you had $1000 of capital, the price change from 1.5012 to 1.5062 represents a difference of $0.5 profit. So the benefit of margin trading is increased profit potential.

Risks of Forex Trading

As there is increased potential for profit so is the potential for loss. If you are not cautious your entire margin account of $1000 could quickly be wiped out. If your margin account is 1% and a currency moves just one cent (100 pips) against you and you lose $1000.

However, Forex trading has several methods to limit loss such as Stop loss orders that automatically close your position at a specified point. Stop loss orders allow you to limit your losses to a specified amount while still allowing potential for profit.

Another risk is the risk of getting a margin call if your positions moves against you and accumulates a big loss.

To trade profitably with leverage and margin you must know about Forex money management and Forex stop loss.

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Start Investing

Being a hard worker can only get you so far, in fact if anything, you can only have a small savings account and some retirement benefits after 30 -40 years in your job. So if you're smart then you know you'll need to invest your money in a practical yet acceptable return-on-investment (ROI) type of business. There are several things you will need to know about starting a business and keeping it going, but first let us begin with what you should expect in doing it.

· Extra Expenditures - normally there'll be more to spend than what you've planned for, therefore it is absolutely necessary that you've prepared a 6-month worth of cash savings in case the need arises. This will also serve as backup cash supply if you lose your job, you'll be hospitalized or suffered a disability.

· Cut Off Lose Ends - debts are liabilities and trouble more than they're worth, so settle all of your credit card/bank/personal debts that way you'll have a clear road ahead in your business plans.

· Marketing Strategy - you should never start a business where you have little to no idea what the business is all about and without a good marketing strategy to make it through.

Where to begin?

Fortunately many forex trading companies have started to open their business online and some of them have a very low investment-entry tier for individuals who wish to buy stocks. You start investing for as low as $100 - $500! Stocks are considered as a long-term investment and so if you play it right you could have a huge return after 5 years or so. Even better if you bought at least 10 or more because you could shuffle it by buying and selling 1 or 2 per year depending on the rise and fall of their prices. You could cash in a few of your stocks every year or so.

Big Business, Big Taxes

Sooner or later you'll be very good in the forex trading business and you'll earn several hundred thousand to a couple of million dollars per year, and you know what this means. The bigger you get, the more federal income tax you'll owe the government. But who has time to settle all of their tax requirements? Exactly, you'll probably give 60% of your time on your investments, 25% of your time for family and leisure and 15% of your time for rest. Even though tax season comes only once a year it'll probably take you several days to compute your taxes. In case you'll need those times for other important things you might want to hire an accounting firm to do all of your bookkeeping for you. It may not be much but an accounting firm can really help you a lot in these kinds of situation.

Remember that the goal of any investment is in preparation for future expenditures, so save the money you got from the investments you made and use it for the appropriate time you had planned. Do not be tempted to spend your accumulated income on trivial things because you will have wasted your money on less important matters and you'll end up not having enough money for the one thing you've planned for.

The remedy to your financial problems and obligations to the government may depend totally on how you handle your bookkeeping. But what is it gets too entangled and it's more than you can handle? Then maybe it's time you called in an Accountant Toronto to take over and file your federal income tax properly. Check out their website at http://www.accountants-toronto.net/ for consultation and assistance regarding your bookkeeping and accounting needs.

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The Benefits of Trading Multiple Foreign Exchange (FX) Venues on Low Latency Infrastructure

As Foreign Exchange trading continues its rapid growth, new technology has enabled Forex traders to borrow and adapt techniques of High Frequency Trading, also known as automated trading and algorithmic trading, from the equities markets that spawned them.

Foreign Exchange trading, depending on which statistics you believe, is producing average dollar volume of around $4 trillion per day and estimates are that High Frequency Trading accounts for 30 to 50% of this volume. algorithmic trading or automated trading, offers some distinctive advantages for traders who prefer to conduct trading activities with multiple brokers to octane the best liquidity, lowest spreads and fastest order execution. There are additional benefits to trading with multiple brokers, using more than one data source, trading platform or currency pair.

With High Frequency Trading, having more than one broker enables you to detect if a broker is front running, which is, jumping in just ahead of you in order to negatively affect your fill price. Multiple price data streams permit the trader to compare the prices of a particular currency pair and trade with the most advantageous source. Using more than one trading platform permits the user to customize automated trading scripts and expert advisors to play to the strengths of those platforms.

Finally, Foreign Exchange trading needs to have diversification. Trading multiple currency pairs allows the trader to reduce risk by taking advantage of the tendency of correlated currency pairs, such as the EUR/USD and the AUD/USD to trend in the same direction, or negatively correlated pairs such as the EUR/USD and the USD/JPY to move opposite each other.

High Frequency Trading has benefited the Foreign Exchange trading arena as a whole through pushing spreads lower as a result of generating huge levels of buy and sell orders at the milliseconds speeds only possible with modern, high-speed automated trading technology. The individual trader or small trading shop further benefits from the property of algorithmic trading that eliminates emotional influences that cause premature, delayed or simply poor human trading decisions.

High Frequency Trading strategies seek to capture small profits, sometimes thousands of times per minute. Automated trading can examine, consolidate and analyze news events that drive currency prices much faster than traditional sources such as television, radio, standard news feeds or even the Internet.

When combined with a low latency news feed, algorithmic trading can deliver data involving market moving events such as interest rate decisions, inflation figures, industrial production and others in as little as 2 milliseconds, then generate indicators or make trade recommendations to an automated trading system. This translates into something all traders want to gain: an edge.

Foreign Exchange trading, once the exclusive province of governments, international banks and multinational corporations thus becomes available to the individual investor, allowing them to participate against these large entities on equal terms.

Low latency infrastructure combined with multiple brokers, algorithmic trading strategies and extremely fast, low latency news feeds makes High Frequency Trading accessible for Foreign Exchange trading activity to those who otherwise might be left at a serious disadvantage. Even longtime, successful discretionary traders should not turn a blind eye toward the automated trading protocols that will continue to exert an ever-growing influence on Foreign Exchange trading and would further be well advised to explore the possibility of incorporating automated, High Frequency Trading into their Forex repertoire.

Jubin Pejman, Founder of FCM360, is an industry leader for Financial Services Technology Facilitation. FCM360 specializes in establishing high-performance IT infrastructures for Financial companies to gain connectivity to mission-critical exchange markets. Learn more about FCM360's financial colocation services.

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Technical Analysis: Indicators

Technical analysis is a mathematical/graphics approached by traders to predict future market movements based on historical data graphically for a specified time of period. There are several indicators used by traders to assist them in predicting future market movements. The indicators commonly used are:

1. Simple Moving Average (SMA)

This indicator is based on the average value of the market price for a certain period of time. Where each value has the same weight for that particular period.

2. Exponential Moving Average (EMA)

This indicator is based on the average value of the market price for a certain time period in which recent data weighs more decisive. Example: If we use the EMA with a period of 10 days. Then the last 5 days will have more weight to determine the indicator than several days before.

3. Parabolic SAR

Unlike the two previous indicators, Parabolic SAR is more appropriately used to determine when to exit the market. This indicator can work well when there is significant bullish or bearish trend. But for a market that tends to move sideways, the use of this indicator is less useful.

4. Relative Strength Index (RSI)

This indicator is one indicator of who belong to the category of oscillators. Has a range from 0 to 100. Very popular among traders, and is used as a tool to indicate when the market is overbought or oversold experience. When the market was overbought meaning prices have been too high, and there will be a tendency to experience a reversal of declining prices. And vice versa when the market has oversold it means the price was too low, and there will be a tendency to experience a reversal of rising prices.

5. Stochastic

This indicator is a momentum indicator that uses support and resistance levels which represents the position of current price to the price range at a specific time period. The ultimate goal of this indicator is to predict where the market price will reverse its direction.

6. ADX

This is a pretty powerful indicator in measuring the strength of the market current trend and to find out whether the market is directed to a particular trend or not.

7. Bolinger Bands

The basic principle of this indicator is to predict the range of market price movement which normally is in between the indicator lines. By using this indicator, we can determine when we should buy and when to sell. And we can predict well how about the highest and lowest market price in the future.

There are many other indicators that could be used, but some of the indicators mentioned above are very reliable to assist you in determining buy and sell signals as well as when to get out of the market.

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Learning Forex With Discipline - Forex News Spike Trading

This forex trading article will cover the wide spread problems that affect the vast majority of traders in the forex market. To put it simply fx traders have an addiction to trading. Many traders flock to the forex market and shoot with trade after trade regardless of the outcome. This is much like those who sit in front of the slot machines. They continually pull that lever, giving the house more and more money in the hopes of that one big hit. Forex trading can often lead to this similar type of craving that is wide spread in frequent gamblers, and it often has the same devastating outcome. As they say, the house always wins! The probabilities are heavily stacked in favor of the house, and that is exactly what we all must understand if we are to profit from the forex market. Throughout this trading article we will discuss how forex news trading can help overcome the epidemic of over trading, as well as some practical advice to do so.

Recognizing The Necessity For Patience

The necessity for patience as a forex trader is clear in the lack of success found among those new to the marketplace. As a general rule of thumb those new to trading usually flock to short-term trading. That observation is extremely evident with only a quick examination or any forex forum on. If we all know how the majority trade, and we know there is a gigantic 95% failure rate, then why do the vast majority continue to be led like sheep to the slaughter?

Trading short-term like scalping and day trading is a drug to forex traders new to this marketplace! It perpetuates the desire for the next big win, and keeps them pulling the forex slot machine handle. With this feeling running rampant among new traders, they again and again over trade their way right out of the forex market.

Does that mean that one should never look into scalping or day trading? In short the answer is no! The problem is not with a single type of trading, but rather it lies with the over trading that is so common among short-term traders. As we just discussed the vast majority of forex traders fail, and they do so trading short-term. That reality should empower you to change!

Fixing Your Forex Trading Troubles

It's at this point that every person has to be honest with themselves in order to become profitable in the forex marketplace. If you have been struggling with learning forex, and more importantly learning to trade forex profitability then it's imperative that a change is made. Its been said that insanity is doing the same thing over and over, while expecting different results. In view of this, I feel that it is imperative to realize how forex news trading can help in your struggle for profitability. First and foremost economic news is always scheduled. Considering that fact, it is impossible to over trade forex news as there are only so many news releases each week.

As an example lets consider forex news spike trading. Every week fx news traders know what economic data is to be released, and in specific the data that will generate large spikes in the forex market. This limits spike traders to specific trading opportunities, thus keeping them from over trading. On average there are often 5-10 tradeable events per week. Keeping the times you trade to a minimum at first is a good way of developing discipline, as well as patience.

Spike trading is not restricted to just those trading in the currency market. The same economic data that creates huge spikes in forex does so as well in all other markets. As with all other forms of trading, the appropriate training is needed for consistent profits. If you are struggling with discipline, patience, and over-trading I highly recommend looking into spike trading as it can naturally generate the right mindset of a successful forex trader!

Sterling is a professional forex trader and forex mentor. Over the past 3 years he has taught nearly 1,000 traders his personal forex news trading strategies and day trading techniques. Sterling's day trading strategies consist of tracking smart money as they enter and exit the forex market. By identifying when the banks that actually move forex market are entering or exiting, you gain a clear advantage over those using traditional forex trading strategies. For more information please visit his website containing his forex education course.

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Why 100 USD FX Accounts Don't Succeed

That's right many of you have seen them, the 1, 25, 50, 100 and even the 500 USD Forex accounts, many of you may have even opened one too. But how many of you have been successful at trading those accounts? My guess is; none!

You see, forex is a highly leveraged trading technique. This means that the broker will allow you to trade as much as 500 times your deposit! This makes your chances of losing 500 times greater. But why should the broker care if you lose? They make money either way.

But lets talk about why these small accounts don't succeed.

It's in the Margin

Ever heard of the 'margin call'? This is when the broker tells you that you don't have enough money in your account to sustain a losing trade. I'll explain. If you have 500 USD in your trading account, and you are trading with 200 USD times the leverage i.e. 200 x 500 = 100,000, you are left with a margin of 300 USD. At these levels each pip is approximately 10 USD. This means that you have a margin of 30 pips (300/10 USD = 30 pips) to buffer your losing trades. As soon as your losing trades equal 250 USD the broker will send you a 'margin call' asking you to fund your account to cover the losing trades because the mandatory 50 percent (in this case 250 USD) of your deposit has covered the losing trade.

However, since the market moves in seconds, you will not have the time to fund the account and the system will automatically close out your trade to 'protect' your margin. Nevertheless, you lose 250 USD or more.

Given that the market moves as much as 120 pips in either direction most of the time, it only pays to have as much as 200 pips (or more) worth of margin in your account. If you are trading with a lot size where 1 pip equals 1 USD (0.10 lot; 20x500=10,000 USD) you should have 200 USD in your account. If you want to trade 1 pip = 1 USD with 200 pips in your margin you should have 220 USS in your account. 200 USD as margin and 20x500=10,000 is what you trade with.

This way, trading with a consistent strategy, you will have 200 pips leeway even if the market goes against you. I have noticed that the market returns to a certain average value over a period of 2 to 3 days. So, if you go in a loss and you have enough 'margin' to prevent a margin call, you will eventually make a profit in 3 to 4 days. You just have to wait it out.

Now you know why small dollar accounts don't survive. My advice is to start with USD 1000 and trade 100x500 = 5 USD per pip, keeping 180 pips in reserve to prevent 'margin calls.'

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Trading USDCHF - The Facts You Have to Realize

Currencies are traded in pairs in the forex market and as a trader, you would be choosing your currency pair before placing any trades or buying or selling. The most famous and most traded pair is EUR/USD. More than 80% of the traders trade in EUR/USD in a particular trading day. There are many other currency pairs as well which are usually traded in by the experienced or expert or at times by new traders. USDCHF is one of them. Trading USDCHF is not an easy thing to do. There are many factors you need to know to win when trading USDCHF.

A Brief Overview on USDCHF

USD/CHF or USD-CHF or simply USDCHF is known as US Dollar-Swiss Franc pair. The currency pair is considered pretty safe and somewhat less risky than other pairs. The price of the USDCHF pair would change only when either the USD or CHF currency moves up or down the price graph. Switzerland is considered a very stable as well as economically safe country and hence its currency CHF is also considered very safe and there are hardly any times when the price fluctuates too much. On the other hand, movements in USD are very rare and it's the currency traded and used worldwide without any fear of risk or usual devaluation.

Trading USDCHF is hence very easy and is considered free of risk. Mostly new traders and intermediate forex traders trade this particular currency pair provided they are guided accordingly by someone expert.

Factors you need to know to win when trading USDCHF

Interestingly, there aren't many things or factors you need to know before jumping in the USDCHF pair. However, here is a list of some important as well as vital factors which you need to keep in your mind:
The pair price moves with the changes in the macro factors of any of the country. So you need to plan accordingly and keep on looking for fundamental analysis, news, economic factors, political aspects and alike.History shows that USDCHF pair is very stable because Switzerland has a pretty stable economy, thus keep looking for the past records.According to a certain group of traders and experts, USDCHF and EUR/USD pairs move in a relation with each other. Both the pairs are correlated; therefore you can gain enough guidance from the correlation of these pairs.

Remember, it is never easy to trade in the forex market. You have to keep your eyes open all the times to sense any opportunity or risk. A good trader never invests all his/her money in one currency rather it's better to distribute your capital in several different pairs, keeping major investment in Franc because of its stable and safe nature.

Trading USDCHF is truly lucrative once you've mastered it. You can get the best USDCHF spread at a large Swiss broker that also a bank; check the details here: Dukascopy review. Also see working forex strategies on swing trading strategy.

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Understanding How Forex Arbitrage Systems Work

The meaning of arbitrage is basically to purchase and then sell a commodity simultaneously in order to make a profit from the differences in the level of the buying and the selling costs. This is by no means a new practice, as this was been done even during the era of the barter exchange when people would exchange commodity for commodity and no money changed hands. Arbitrage was seen when one person would take a commodity and traded it for something that is more valuable.

The process of supply and demand is very crucial in arbitrage systems, as this what dictates the cost of commodities in the marketplace. What happens in this process albeit it is so powerful; is really quite simple. This is how it works; if a certain commodity or commodities on the market is in much greater supply when compared to the demand for it, then the cost of that commodity will decrease. On the other hand, if there is a huge demand for that same commodity, yet the supply of the commodity is low, then that will push up the cost of the commodity. Simply put then, the higher the demand for a product in relation to its supply, the more you will end up paying for it, while the lower the demand for a product in relation to its supply, the less you will have to be out of pocket to acquire it. As such, the fluctuation in supply and demand is what will determine the price of commodities in the marketplace. As such, what happens in arbitrage systems is that these traders purchase the products at a lower rate and sell it at a cost that is rising at a steady rate; nearly at the same time.

Arbitrage can be seen and undertaken in different ways depending the market you are in. It is deemed to be plain thievery by some economists, but in truth, it is simply an extremely astute strategy of trading.

In the commodity and goods markets, there is sometimes those persons who are referred to as middlemen who help to manipulate the supply of certain commodities in the marketplace. Arbitrage systems are even banned in some countries, as it is said to be what is causing too much inflation on the general levels of prices.

Trading arbitrage tactics are quite popular in stock exchanges and stock markets. The rapid buying and selling of the shares of a particular company which happens within mere seconds or minutes, as well as where shares are bought in one market and almost immediately sold in another.

With Forex trading, there is widespread use of arbitrage systems. What investors do is to purchase a currency that is weak and then simultaneously sell a currency that is increasingly rising. The rapid way in which the value of currencies change does make it quite hard to use the arbitrage system in many cases however.

We highly recommend you check arbitrage calculator for further information.

Check out rate arbitrage, for more information on Forex Arbitrage.

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Why You Must Know the Secrets of Forex Big Dogs

Trading Forex the ordinary way will give you an ordinary result but if you want an extraordinary result, then you must trade in an extraordinary manner. The big dogs in this game make so much money because they approach the market in an extraordinary manner. Do you want to know the secrets of the big dogs?

First and foremost, they are risk takers who believe that without taking risk, making serious money is practically impossible. They believe that without throwing money away, you cannot multiply it, hence, they don't hesitate in doing this. They are ready to take risk with Forex because they know that the inherent return is, in fact, one of the highest in the world.

Secondly, they understand the rules of the game. They have been in the industry for some time and they know its operations. They carefully select competent brokers with corresponding innovative platforms that will enhance their profitability in the market. They know that in order to succeed in Forex, choosing competent brokers and platforms should not be taken with levity. They prefer innovative platforms because they know that it is an evolving market.

Moreover, they know the right time to trade the right currency pair. They know that there are certain times to take advantage of certain currency pairs and they leave no stone unturned in doing this. They know that some currency pairs do well than others in this speculative game, consequently, they discover and exploit them.

The big dogs also have the best Forex information system. They get the latest information before others and do a lot of social networking. In fact, they make use of social trading to its full advantage because they know that it is one of the smartest ways to trade now.

In addition, they are not afraid to lose money. They know that Forex carries a very high risk, but that would not deter them because they know the returns associated with it. This is what led them to sound risk management practice which they use to stay profitable in the market. In fact, they believe that anyone who is not ready to lose money in order to make big money should not venture into the business of Forex trading. So, if you are sure you have what it takes to exploit the market like the big dogs, then your adventure in the Forex world will definitely be a successful one.

Olushola Otenaike is a web hosting expert. He owns a web hosting company that has been providing up-time guaranteed hosting services to individuals and corporations all over the world.

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The Size Advantages Of Forex Trading For The Beginner

People looking to get into trading or investing have a few options. They can trade stocks, options, futures, or Forex.

Stocks are pretty common but have some restrictions that make them less than optimal in all cases. For example, sometimes the cost of commission can make it cost-prohibitive to trade if you don't have a lot of money. The tax rules can also be complicated if you make a lot of trades in a year.

Options are like a much more confusing version of stocks and aren't really a good choice for beginning investors.

Futures are very liquid (for the most part) but can force you into using too much leverage which makes them a bad choice for beginners or people without large accounts.

Forex can sometimes be the best of all worlds. But there is one reason that Forex can be very attractive to everyone but especially to new investors:

No size limits - Positions in Forex can be as large or as small as you want. So whereas in futures if you are trading the ES (S&P 500 futures), the smallest amount of movement (called a "tick") will cause you to gain or lose $12.50, and considering the ES can move 40 or more ticks in a day, that can cause you to gain (or lose) $500 in a day. For someone who only has $1,000 with which to invest, that would potentially be a 50% loss in one day.

Now consider that in Forex, you can adjust your position size to use as much or as little of your account as you want, even so small that the smallest amount of movement possible (called a "pip" in Forex) only causes you you gain or lose $0.01. At this level, if the currency pair you are trading moves even 100 pips, it will only change the value of your account by $1.00.

What this means is that beginners can trade small enough that even if they lose money on every trade while they are learning, they won't actually lose much of their account. This means they will feel more comfortable and confident while learning and won't be worried about "oh no, if I get this trade wrong I'm going to lose so much money!"

This is important because many traders end up losing money, especially when they are learning. And if you're going to lose money for your first few months (arbitrary length of time), it's better if it only costs you a few tens of dollars or so rather than a few hundred or a few thousand.

To learn more about Forex please visit this link!

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