Forex Trading Software

by Amber Lowery
If you are looking to get started trading the Forex, you will find that there are numerous software programs available (both web based and desktop based) for you to use in your trading. In fact, most brokers offer clients a software package for free or as part of their trading account. Usually the software that comes with your trading account is a very basic "bare bones" model. Sometimes, more features are available for a price. The software packages your broker provides can be an important consideration in choosing a broker. You may want to download and try some different packages using a demo account. This will give you a better idea of which software package you find most suitable to your unique style of trading.

Forex trading software comes in two basic flavors - desktop software, and web based software. Which one you choose to work with depends on your preference and other more technical factors. Obviously, the Forex market is very dynamic and you need to have the most reliable up to date connection to the data as possible. Your internet connection speed is a factor here, and if you can afford it, you really should be connecting via broadband.

Your internet connection speed is just one of the factors you should consider when selecting forex trading software. The biggest consideration should be one of security.

Generally speaking, web based forex software is more secure than a desktop based software package. Why is that? Well, with a desktop software, your information and data is stored on your hard drive thus making it vulnerable to numerous security issues. If your computer became infected by a virus, your personal data and the integrity of your trading system can become compromised. Likewise, in the event of hard drive failure, your important data can be lost. Then there is the threat of prying eyes accessing your trading systems.

Luckily, if you choose to go with a desktop based software for your forex trading, you can do some things to limit the risks. For starters, a dedicated computer just for trading the forex would be a wise investment. Due to the popularity of forex trading, there are computers made specifically with a forex traders needs in mind. Even if you cant afford a dedicated machine, you should still apply the following tips to your trading computer:

* Password protect your trading software and personal data
* Make regular backups of your trading data
* Use a anti virus program and keep it up to date
* Update your trading software regularly

If you choose to go with a web based trading software, allot of the security and maintenance issues are handled by the provider. Online based forex systems are hosted on secure servers, the same type of servers credit card processing is handled on. This gives you a great deal of protection, as your data is encrypted. Also, backups and mirrors of your account data are made by your software provider to protect you from data loss.

Aside from the security considerations, you may find that an online based trading software is simply more convenient. There is no software to download as the software runs in your regular web browser. This means that you always will have access to the latest versions and features. Also, if you travel you will certainly appreciate the ability to log in and trade from any computer with an internet connection.

As you can see, there are many options in forex trading software. You ultimately should choose to work with the software that you personally find easiest and most intuitive to use.

For more information on Forex Trading Software and Forex trading systems, visit our sites, Forex Investing, and Forex Today

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Incorporating Price Behavior into a Forex Trading System

by Raul Lopez

Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.

Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) But what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.

There is an important implication on this definition of technical indicators. The fact that the readings obtained from them are based on price action. Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA crossover the long period MA generating a long signal. Most traders see it as “the MA crossover made the price go up,” but it happened the other way around, the MA crossover signal occurred because the price went up. Where I’m trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesn’t want to go up. Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.

Don’t get me wrong here, technical indicators are a very important aspect of trading. They help us see certain conditions that are otherwise difficult to see by watching pure price action. But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.

How to create a perfect Forex trading system? First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used.

Second, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

Raul Lopez is a full time Forex trader and founder of http://www.straightforex.com a Forex training company.

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A Guide to Global FOREX trading

by Dan Ho

It's probably hard for some people to believe, but the global FOREX trading market dwarfs that of equities, even though the former gets little attention and the latter is talked about incessantly on the news.

The daily volume of global FOREX trading now exceeds $2 trillion dollars! To be sure, it is the leader in the competitive field of market exchange. Currently, London holds the title for the world’s largest foreign exchange center, accumulating 30% of the currency business.

Global FOREX trading is exciting for many reasons.

First, the markets are almost always open. One can trade 24/7 as currencies fluctuate all day and night. Compare that to equities where one can only effectively trade during market hours when the stock exchanges are open.

Second, the potential leverage in global FOREX trading is astounding.

In stock trading, one either trades with money they have or, at best, can open a margin account and trade with double leverage. A margin account funded with, for example, $25,000 can control $50,000 dollars worth of equity positions.

Now contrast that with global FOREX trading in which one can often obtain leverage of 20 times, 50 times, and even 100 times one's original capital.

For example, it's not uncommon to be able to open an account at an online FOREX brokerage with $5,000 and be able to control position sizes of $200,000 or more. (In FOREX, trading is realized in lots. 1 Lot = 100,000).

Think about that! If you funded an account with a mere $10,000 dollars you could control $500,000 worth of positions (10 lots). If your positions moved favorably giving you only a 5% gain you would be in profit $25,000 dollars. From an only $10,000 dollar initial capital!

Clearly the immense leverage in global FOREX trading is what lures a lot of players into the game. However, leverage can cut both ways and it's possible to get wiped out just as fast as one can make a veritable fortune.

Because such large sums of money can be made playing the FOREX markets, hobbyists and full time currency traders are quickly increasing in numbers.

For both amateur and pro alike, getting quality FOREX analysis of the markets -- both fundamental and techical -- is extremely important.

And for people who have yet to learn how to FOREX trade, taking an online course is paramount to get them off to a proper start.

Indeed, it can make the difference between being successful and getting wiped out, although there is no guarantee that even the best newsletter analysis service or FOREX training course will guarantee you profits or guard you against losses.

That's why global FOREX trading is considered a highly speculative endeavor.

The people who do best at it will be methodical, have strong control over their impulses and emotions, are analytical to a fault, and are all around disciplined individuals.

Ever since the speculator George Soros of the Quantum Hedge Fund realized a profit of over $1 billion dollars in a few short days by shorting the British pound in 1992, market players have become more and more drawn to the exciting game of global FOREX trading.

Make no mistake about it, FOREX trading will continue to grow over the years, especially with the advent of online FOREX brokerages that allow people to trade from the comfort of their own home office all night.

Dan Ho is an investor, trader, and speculator who enjoys studying economics, technical analysis and the markets. He has traded equities, options, and currencies.

To learn more about global FOREX trading and to discover cutting edge educational FOREX training programs and insightful FOREX newsletters, visit: http://www.forex-trading-reference.com

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Where to Get Forex Training

Some of you may not even know what forex trading is. If you don't know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.

You can get forex training from several different places. The first place you should get forex training from is online. There are many websites that offer free forex training. The forex training these websites offer is both reliable and accurate. The forex training on these websites often offers a free demo account to teach you how to trade without actually using any real money.


A second place to get Forex training is at your local college campus. Forex training courses at college are usually inexpensive and very thorough. The forex training courses offered should also include hands on experience with trading, to help you get the edge. You can also get some books on forex training or research forex training at your local library. The best place to get forex training is from someone who is already involved in forex trading. The forex training these individuals provide will be more realistic for you and give you different aspects of the forex trading game.

The forex training you get should first start with learning how the foreign trade market works. The trade market is always changing, so you need to understand it first. The second part of your forex training should be about risk control. You never want to invest more than you can afford. The right forex training should teach you how to cut your losses and have less risks of failure. Next, your forex training should teach you how to open and manage a forex trading account. But this should be done with a demo account. All forex training should be done this way first, before you try the real thing.

With all of this in mind, you should be able to find some good forex training. Learn the ropes of forex trading and take the time to learn it well. Be sure to try a demo forex trading account before you start a real account. With the right forex training, you will soon be on your way to a profitable way to supplement your income.

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Marketiva

What Is Marketiva?

Marketiva is a market maker for instruments traded on the over-the-counter foreign exchange (forex) markets. Through Marketiva, you can buy or sell instruments like EUR/USD, GBP/JPY and others. Marketiva also provides services like discussion channels, latest forex news, trading signals and alerts, charting services and many more.

Marketiva provides spot forex on major currency pairs and crosses; $5 cash reward you can start trading right away; tight spreads from 3 pips; trading on 1% margin; virtual and live desks within one account; latest news, alerts on market events, signals, no market commissions; zero-interest on open positions, 24-hour support, chat channels, the most sophisticated and easy-to-use forex charting tool; ability to trade from the charts and the best forex trading software available!

Open your Marketiva Account Now! It is free! Get $5 cash reward you can start trading right away!

Download FOREX Ebook "FREE" Forex Glossary | Forex Overview | Forex Tutorial

Forex Market

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. In comparison, the daily volume of the New York Stock Exchange is approximately US$30 billion per day. Until now, professional traders from major international commercial and investment banks have dominated the FX market. Other market participants range from large multinational corporations, global money managers, registered dealers, international money brokers, and futures and options traders, to private speculators. There are three main reasons to participate in the FX market. One is to facilitate an actual transaction, whereby international corporations convert profits made in foreign currencies into their domestic currency. Corporate treasurers and money managers also enter the FX market in order to hedge against unwanted exposure to future price movements in the currency market. The third and more popular reason is speculation for profit. In fact, today it is estimated that less than 5% of all trading on the FX market is actually facilitating a true commercial transaction.

How It Works

Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen. In trading parlance, a long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In every open position, an investor is long in one currency and shorts the other. FX traders express a position in terms of the first currency in the pair. For example, someone who has bought dollars and sold yen (USD/JPY) at 104.37 is considered to be long US Dollars and short Yen. The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, including the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. The FX market is considered an Over The Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

Factors Affecting the Market

Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to "drive" the market for any length of time.

Fundamental vs. Technical Analysis

Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities, whereas fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumor. The most dramatic price movements however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectations surrounding an event that drives the market rather than the event itself.

Buying and Selling

In the forex market, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another, but you can determine which pair of currencies you wish to trade. For example, if you believe the value of the euro is going to increase vis-á-vis the U.S. Dollar, then you would go long on EUR/USD instrument (currency pair). Obviously, the objective of forex currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought / sold one currency pair and has not sold / bought back the equivalent amount to effectively close the position.

Market Conventions

Market conventions are rules and standards imposed by a governing body. In case of decentralized forex market these conventions might differ due to many national regulators (FSA, FSC, CFTC, NFA, BCSC, etc.). Since there is no central governing body that sets forex market rules and standards, we will reference only these that are universal.

Quoting Conventions

The first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. The U.S Dollar is usually the base currency for quotes, and includes USD/JPY, USD/CHF, and USD/CAD. The exceptions are the Euro (EUR), Great Britain Pound (GBP), and Australian Dollar (AUD). As with all financial products, forex quotes include a "bid" and "ask", which is more often called "offer" in the forex market. The bid is the price at which a forex market maker is willing to buy (and you can sell) the base currency in exchange for the counter currency. The offer is the price at which a forex market maker will sell (and you can buy) the base currency in exchange for the counter currency. The difference between the bid and the offer price is referred to as the spread.

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Automated Forex Trading Systems - Can They Help You Make Consistent Profit?

by John S. Barnes
The Forex Market has the largest number and variety of traders. As the number of these traders continues to increase, so does the turnover of the market. Every day 3-4 trillion dollars are changing hands. But according to the figures, only 5% of people make any profit from trading Forex. This happens because the majority of Forex traders, either don't have the necessary skills or don't use the right tools.

The skills of successful Forex Traders:

* They are confident in what they are doing.
* They have discipline even during bad times.
* They take responsibility for their actions.
* They don't get greedy and they know exactly when to stop.
* They have devoted their time to study the market.
* They don't get influenced by the opinions of other people.


The tools of successful Forex Traders:

1. They follow a solid system.
2. They use reliable trading software.

Almost all elite traders out there have their automatic Forex trader. Automated Forex applications allow you to begin with a demo account. This way you can practice without risking any real money. Instead of spending several hours every day looking at charts and graphs, with the help of a software you can always be up-to-date on all the currency values. Of course, there are many systems out there that don't deliver what they promise. It is absolutely essential to choose a reliable Forex Software. You have to make sure that it provides security for its users, it is easy to use and of course is efficient. An automatic trading system, doesn't have emotions like fear or greed, so it knows exactly when to trade and when to stop trading.

Are you ready to become an elite Forex Trader?
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Automatic Forex Trading Systems - Which Automatic Forex System Is The Best?

by James V. Jackson
The Forex market is the largest financial market in the world. It is open 24 hours a day, 5 days a week. The trading volume in this market is 3-4 trillion USD a day. But even though there is huge profit potential, the 95% of traders fail.

Why do most Forex Traders Fail?

1) They lack discipline ( Being unable to keep your emotions under control can result in huge losses ).
2) They over leverage ( They fail to select the proper amount of leverage ).
3) They have a poor money management strategy ( They don't keep track of their gains and losses and They don't calculate their risk ).

4) They lack education. Many beginners believe that they can open an account, throw a couple of thousands dollars at it and make a profit. But this is not the case. In order to become a successful trader, you need to educate yourself in every aspect of trading, like learning how to read charts, practicing in a demo account and many others.
5) They don't use the right tools. It is essential to follow a solid trading plan and to use a reliable Forex software.

A trading software can give you all the free time you need to devote to analysis. This way you don't have to spend the whole day monitoring the market to find changes. A good automatic Forex System can actually trade better than the majority of traders, because it's not influenced by emotions. You can also trade faster using a software. Monitoring the Market 24 hours a day is nearly impossible. By using an automated system you can minimize your losses and maximize your profit, with very little effort.

Do you want to break the Forex Code and gain huge rewards?

Read this Forex Systems Review to find out which is the best forex software!

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How Trading Markets Can Help You Earn Easy Money

By Bill Hollis

Today there are thousands of people looking for a chance to earn easy money through trading markets. Unfortunately many people don't know how to tap into this resource. The fact is that there are niche specific trading markets that mimic the Stock Market, right down to the exchange of real money.

Sports trading markets are one example of this kind of exchange. People buy stock in their favorite athletes and teams and then buy and sell their stock as market fluctuates. Unlike sports gambling, trading teams and athletes is viewed as investment that can turn even the most passive of sports fans into a lucrative way of making money.

If you purchase stock in your favorite football player, you have the option of investing in the player, meaning that you hold on to the stock, or you can trade the player and earn money on your trade. Many people join in on sports trading as a safer and more interactive option to sports gambling. Further, it's considered more acceptable than gambling as you have the option to hold on to the stock you've purchased until you are able to reach a higher return on your trade.

While nearly anyone can take part in the sports trade exchange, it is beneficial that you have some knowledge of the teams and players that are on the exchange. Odds are that you will be buying and selling stocks against someone who is extremely sports savvy. In short it's best to do some research on the teams and players that you're investing or you may wind up losing money; just as you would in the real stock market.

There are a number of online venues for you to join and get started in sports trading. An Internet search can put you in touch with sites that allow free accounts. From there, you can put down a small amount of money to purchase player and team stocks and begin playing in the sports trading markets. Bear in mind that while you may have fun playing, you also have the opportunity to earn easy money as well.

Easy money sounds pretty good, doesn't it? Well, here's your chance to make your move!

You can start living The Rich Life... All you need is the right approach. To find it, check out this website:

http://www.therichlife.co.uk

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Intelligent FX Trading Method

The purpose of this topic is to bring a bunch of people together who are willing to work and use there brains to make money in trading. Some will say: arn't we al looking for that... The fact is and sorry to say this, NO. Most of the people who I see on forums are looking for a system or an aproach were they have to do nothing. The only thing they wan't to do is open an account with a litlle bit of money and open an MT4.0 platform. They would like to have everything automated and hope or dream of a 500% profit on the end of the year, thinking they could retire in 5 years time.


Most of the people that I met on forums, never bought a book about trading. Why?...They think they will find the answers without paying for a book. The people who wrote those books as G.Williams A.Elder Jake Bernstein, Chick Goslin have at least 15 to 20 years experience so why would you not pay something to share some of there priceless experience. In those books (and if you bought 10 of them you will hear everytime the same) how moneymanagement works. That it is an escencial part of trading. That you need a strategy based on entry rules and rules when to take loss or profit. How big your capital needs to be. Finding out what kind of a trader you are. I see people jumping on turbo day trading and it does not work and jump then on 4hrs trading methods and that takes to long between 2 trades and jump back on 15minute chart etc. They are looking for whatever kind of system as long if it makes money and they don't have to putt to much effort in it.

Knowing who you realy are, what your strong points are but aspecially what your faults and weak points are, is the beginning of every wisdom. Knowing what your weaknesses are, will help you to deside what kind of trader you are, what kind of system suits for you. And it could be that you don't have enough money for that kind of trading.

As I stated in previous topic and posting I'm a professional trader for 9 years now and 2 years as a fund manager and I'm still very eager to learn. But I have also a feeling that what I know already, I would like to pass this true to people who are willing to realy learn what trading is all about.

So the people I would like to meet and work with on this system are not the people who never red a book, who beleve in Xpips/day strategys, who think that it is possible to make 100% profit but only a drawdown of 10%, who have very small money now and hope to become rich in no time, who are not trying to learn more then what they can learn here, who don't want to make positive contributions, who have hardly any experience (don't think if you sit for 6 months on a forum and that you know a litlle bit more then your neighbour that you are experienced).

Lets get down to bussines. The system as it is know in its purest form, is a very simple but very robust aproach. It is bassed on the crossing of price with a moving average. First of al what are the advantages and disadvantes of a Moving Average?...

The biggest advantage of a Moving Average is as the name says itself, it is the average movement of the price. So that means when we see price above the MA it is higher then average so we are on the long side of the market. If price is below the MA it is lower then average, so we are on the short side of the market. So the big advantge is, if we putt an MA on a chart, with the blinck of an eye we see on what side of the market we are. In long country or short country.

The biggest disadvantge of an MA is, when price moves sideways, one moment it is on the long side and the other moment we are on the short side. Nevertheless on the correct side (because price never lies) but if we want to trade on those moves we loos money. 2 reasons, first the trading cost and second, if we go long price is above and if we go short price is already below so we loos everytime on that litlle crossing of the MA.

If price would never range or stall and would always be in motion, going up and comming down, then we know that an MA is the only tool we need. Before it would cross with the MA we know that we would give back from the high and we would give back from the low, but I think that we could all live with that. If I could show you a pair or future who behavies like this you would all stick around in this topic. But the reality is far from this ideal dream... or isn't it?...

The problem we are faced with is the stalling of price or the trendless market. You have to realize if we can prevent ourselfs of taking in positions in this trendless market the best we will do is earning NO money. But that means also NO loss. So in the future if we are in strong sideways market conditions don't excpect to earn money or be dissapointed if you don't see any profit or maybe some small controled losses.

Back to our chart. A breakout of price true the MA has 1 rule. We need a crossing of the MA and a next bar that is lower or higher then the last bar that crossed the MA.
So we look to the last bar that CROSSED the MA. The CLOSE of that bar we call that our Reference Value.
If that bar crossed to the upside of the MA we would call the CLOSE of that bar our Reference Value Long. If that bar is the last bar that crossed the MA to the downside then we would call the CLOSE of this bar our Reference Value Short. To go long we need a bar that CLOSES HIGHER then our Reference Value Long. For a short entry we need a CLOSING of a bar that is LOWER then the Reference Value Short

Now, if price stalls we need somthing to filter out or prevent us of jumping on every price movement above and below the price. That I achieved with a 2 indicators called the stepconfirmation 1 and 2 (originally develloped by Igorad--a brilliant russian indicator develloper and changings by Ogeima and Raduga)). When the parameters of these indicator are high enough it changes only from buy to sell and from sell to buy the moment that a singificant price move starts from the MA. Sounds simple but to find an idicator who is cappable in doing this is very hard. Reason, normally if you find an indicator who is capable of preventing you to jump on every move above or below the MA it will get you to late in the market when an real move starts. You get in far to late and if price starts to fall back again to the MA that is deffenatly a big loss. Needles to say that if this happens frequently it will consume all the profit you made on your last trade and even worse then that.
To have a correct Long signal BOTH indicators have to be above zero (Lime and Green color) To have a correct Short signal, BOTH indicators need to be bellow the zero line (magenta and red color) (with the correct 2 bars crossing offcourse --exlpained a bit higher in this post).

What happens next?.......For the the 3 majors (eur/usd, gbp/usd and chf/usd) we allways take the same position on all 3 pairs (offcourse the opposite for chf/usd).
we only go long if all 3 pairs have a long signal and we stay with this signal till we have a short signal on all 3 pairs and we stay with this position till we get an other long signal on all 3 pairs. So lets say that we have long position on all our positions...the euro gives a short signal at 10.00cet....we stay long with our 3 positions (again this is short for the chf) ..the gbp/usd gives a short position at 14.00cet ..we stay with our positions....the chf/usd turns at 17.00cet only then we turn all 3 of our positions. We stay with the same positions till the same situation happens for a new long position. No exits for a single pairs or turning on 1 single pair nore for 2.
We take the last trade at the close of the 20.00cet bar. The first trade we take at the close of the 08.00cet bar...so in between NO TRADING.
The same principle can be used on the eur/jpy and chf/jpy. So here it would be 2x signal or the 2 pairs need to give the same signal.
If we would get a compleet set up during night hours and in the morning at the close of 08.00cet bar the compleet set up to turn postions is no longer there then we do not turn positions and we stay with the postions of the previous day.
The purpose of this new rules are not to look for more profit but to reduce the amount of losing trades (and offcourse the overall profit increases this way). This will help in consolidation periods were the price keeps moving around the MA. When this happens it is more difficult for all 3 pairs to lign up in the same way. Once a big moves starts we know that we will catch it.
In the previous trade rapports we only had the results since 1st march 2006. To compare the method of 3 x signal with the individual method we took the results since the 1st januari 2006 to have a more reliable research. And indeed the results gave what I hoped for.
By adding the results between the 1st jan and 28 th febr. to the individual aproach the hitrate dropped to 40% (as I predicted) the profit factor dropped also to 1.95 and the average profit/trade dropped to 102.
With the new method (turning with all 3 pairs if they show the same signal) the hitrate is 44.5%. the profit factor goes up to 2.29 and the average profit/trade shot up to 119pips /trade. The total result whent up from 3.838pips to 4.535pips (16% more !!) and that with 44 less trades.

Trade rapport for 3 x signal (new rules) since 1 januari:
144 trades
66 winners
80 losers
Net Profit = 4450pips
Gross profit = 7886pips
Gross loss = 3436pips
avg profit/trade= 54.7pips
avg. Loss/trade= 23.8 pips
avg. Winning trade= 119.4 pips
avg losing trade= 43pips
Avg win/avg loss= 2.77
Profit Factor= 2.29
hitratio 45.5%
Kelly value = 0.258
Sterling ratio (Total result/MaxDD) = 4.1


In this results the eur/jpy is included. The results of the eur/jpy are calculated on a individuall aproach. So we took the signals from the system only on eur/jpy. I will calculate what would happen if we only would take the signals if chf/jpy and eur/jpy give the same signal.

The results of the new method are on the last page of the spread sheet. It is not possible to make a chart of the results of the old method because the dates and hours don't match. The same reason why it is also impossible to calculate the sterling ratio.
The total result of the new aproach is 4.450pips and this over 84 trading days. That means that we earn an AVERAGE! of 52.9pips per day...
Who told you it is very difficult to earn 10pips per day ?!...

The calculations were made possible with the important help of JP and ogeima.

If you want help on this method we can be contacted at ensignsoftware. com
You can download a free litlle programm to chat. We are in room 55 (I_FX_T)
read more ......

How to Spot the Next Ponzi Scheme

By Bernz Jayma P
With the staggeringly high number of Ponzi schemes that had already been revealed this past decade, one cannot help but wonder why a lot of people continue to fall for this fraud. It is important to recognize that no two Ponzi schemes are exactly similar. It comes in all shapes, colors, and forms. Their differing characteristics make Ponzi schemes difficult to pinpoint. The only thing they have in common is investment returns that seem too good to be real. However, there are also times when the profits are not even that impressive. In most cases though, you can detect a Ponzi scheme if you are offered a consistent and above-average return every year.

How Does a Ponzi Scheme Work?

A classic Ponzi scheme involves the perpetuation asking for "investment" money but then turns around and uses the money for himself. He then comes up with fictitious profits when paying the investors. The said "profits" are actually other people's money. This scheme can continue until people realize that there is not enough money to pay off the investors. The Ponzi scheme soon collapses.

Though the financial damage brought about by this system can be great, the SEC is almost powerless to stop it at its roots. This is because there is no exact definition that describes what a Ponzi scheme is. Some perpetuations actually invest some of the money as promised. But he uses the remaining investments to pay off previous investors or lavish cash on himself.

Understanding Pyramid Schemes

Pyramid schemes are a variation of the Ponzi scheme. It essentially uses the same concept but it uses a large number of agents. For example, the main perpetuator will ask two people to "invest" in an once-in-a-lifetime opportunity. Assuming that the two individuals fall for it, they are given a chance to give the same "offer" to their friends and families. Meanwhile, they will derive a certain amount as commission. Theoretically, the investors are given a chance to recover some part of their investment by asking others to sign up. At first, it would seem that everyone is making money but eventually, the fraudulent system will be revealed once they can no longer recruit others into the pyramid.

In essence, both the Ponzi and pyramid system can be characterized by their reliance on money coming in from new investors, their requirement of new investors to pay off the returns, and the absence of effort to make honest and profitable work.

Author and entrepreneur Bernz Jayma P. is the owner of a financial blog, dedicated to helping people expand their knowledge about their personal finances. Learn up to date investing strategies and retirement planning by visiting http://www.Invesmint.com

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BASIC RULES USING CATFX50

by NINA

Indicators :

EMA50 on chart.
EMA120 on chart.

Hist_Step_MA_Stoch_KV1_Ex_03 set at 2000 bars.
Set filters on Step: +0,04 and -0,04.

Plot aNina_v1, set it at 9000 cbars.
Hist_StepMA_Stoch is the main indicator here. When Hist_StepMA_Stoch and aNina give signal simultaneously, the better. Do not trade if they give opposite signals.

Time Frame: 30 minutes.
Trade time: 08:00cet to 18:00cet

Optional tools:

FiboPiv_v2
MAX Movin Average set at 50, 14, 2000, 2
SDX-TZBreakout
Camarilladt7 with L3, L4, L5 and H3, H4 and H5.

Standard or Level 1 signals:

Buy when price crosses EMA 50 and new bar opens above. Hist_StepMA_Stoch must be green.

Sell when price crosses EMA 50 and new bar opens below. Hist_StepMA_Stoch must be red.

If price and Hist_StepMA_Stoch crosses are simultaneous, the better.

Level 2 signals (riskier):

For instance, when price is above EMA 50 with Hist_StepMA_Stoch in green. Price then opens one bar at least below EMA 50 and Hist_StepMA_Stoch keeps in green mode. When price opens again above EMA 50 with Hist_StepMA_Stoch validating (green), we can buy. The opposite for a sell.

Level 3 signals (riskier):

For instance, we are in bullish mode: price above EMA 50 and Hist_StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. Hist_StepMA_Stoch changes to red. We buy when price goes up again always validated by Hist_StepMA_Stoch that should change to green again.
Level 4 signals (Take care):
Level 4 is when price, after a consolidation of a few bars, breaks through the last high or low. The main thing we need is an indication of strength, and if we don't get it, it could be a trap!
Obviously, the breakout down should have Hist_StepMa_Stoch in red and green for the opposite.

Something to take into account:

Pairs to trade: EURUSD, USDCHF and GBPUSD.

When bar opens more than 20 pips above/below EMA 50, the signal is riskier.

Do not buy/sell, for instance, EURUSD because GBPUSD has a signal. Wait for the signal to come in each pair you want to trade. Look at EURGBP, USDCHF and US Dollar Index always.

FOCUS, PATIENCE AND DISCIPLINE.

Graphics:

The main difference between Level 2 and Level 3:
On Level 3 the price doesn't have to cross the EMA50 line
The other difference is that Hist_StepMA_Stoch briefly changes color

Level 4:
Notice the price breakout in the illustration? It would be hard to ignore, wouldn't it?
You don't have to wait for the price to close to do the trade, get on board and ride that baby!
Final:
CatFX50 easy system is a winning one, but it is not a Holy Grail nor a money machine. Use common sense and stop of 34 pips.

read more ......

Forex Trading System: Mechanical vs. Discretionary Systems

by: Raul Lopez
There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way. On the other hand, discretionary systems use experience, intuition or judgment on entries and exits. But which one produces better results? Or more importantly, which one fits better your trading style? These are the answers we will try to answer on this article.

We will first analyze the pros and cons about each system approach.


Mechanical systems

Advantages
This kind of system can be automated and backtested efficiently.
It has very rigid rules. Either, there is a trade or there isn’t.
Mechanical traders are less susceptible to emotions than discretionary traders.

Disadvantages
Most traders backtest Forex trading systems incorrectly. In order to produce accurate results you need tick data.
The Forex market is always changing. The Forex market (and all markets) has a random component. The market conditions may look similar, but they are never the same.
A system that worked successfully the past year doesn’t necessary mean it will work this year.

Discretionary systems

Advantages
Discretionary systems are easily adaptable to new market conditions.
Trading decisions are based on experience. Traders learn to see which trading signals have higher probability of success.

Disadvantages
They cannot be backtested or automated, since there is always a thought decision to be made.
It takes time to develop the experience required to trade successfully and track trades in a discretionary way. At early stages this can be dangerous.

Now, which approach is better for Forex traders? The one that fits better your personality. For instance, if you are a trader that finds it hard to follow your trading signals, then you are better off using a mechanical system, where your judgment won’t play an important role in your system. You only take the trades that your system signals.

If the psychological barriers that affect every trader (fear, greed, anger, etc.) puts you in unwanted scenarios, you are also better off trading mechanical systems, because you only need to follow what your system is telling you, go short, go long, close a trade. No other decision has to be made.

On the other hand, if you are a disciplined trader, then you are better off using a discretionary system, because discretionary systems adapt to the market conditions and you are able to change your trading conditions as the market changes. For instance, you have a target of 60 pips on a long trade. But the market suddenly starts trending up pretty strongly, then you could move your target to say 100 pips.

Does it mean that trading a discretionary system has no rules? This is absolutely incorrect. Trading discretionary systems means that once a trader finds his/her setup, the trader then decides what to do. But every trader still needs certain rules that need to be followed, such as the size of the position, conditions that have to be met before thinking to get in the market, and so on.

I am a discretionary trader. The main reason I chose a discretionary system is that my trades are based on price behavior, and as you already know, the price behaves similar to the past, but it is never identical, therefore the outcome of every trade is unknown. However, I do have rigid rules on my system, certain conditions have to be met before I even think in getting in a trade. This keeps me out of trouble, once my setup is present and in accordance with the rules I have set, I closely watch the price behavior and finally decide whether it is a good opportunity or not.

Whether you choose to be a discretionary or a mechanical trader there are some important points you should take in consideration:

1. You need to make sure the Forex trading system you are using totally fits your personality. Otherwise you will find yourself outguessing your system.
2. You also need to have some rules and most importantly have the discipline to follow them.
3. Take your time to build the perfect system for you. It’s not easy and requires time and hard work, but at the end, if done correctly, it will give you consistent profitable results.
4. Before going live, try it on a demo account or even on a small account (I will go for the second option, since psychological barriers will be present.)

read more ......

Forex Trading Online - 7 Reasons You Should!

by: Keith Thompson

Forex trading online is a fast way to use your investment capital to it's fullest. The Forex markets offer distinct advantages to the small and large traders alike, making Forex currency trading in many ways preferable to other markets such as stocks, options or traditional futures. Here are seven reasons why you'll want to look into Forex Trading online.

1 - Forex is the largest market.
Forex trading volume of more than 1.9 billion, more than 3 times larger than the equities market and more than 5 times bigger than futures, give Forex traders nearly unlimited liquidity and flexibility.


2 - Forex never sleeps!
You can execute forex trading online 24/7, from 7AM New Zealand time on Monday morning, to 5PM New York time on Friday evening. No waiting for markets to open: they're open all night! This makes Forex trading online a very attractive component that fits easily into your day (or night!)

3 - No Bulls or Bears!
Because Forex trading online involves the buying of one currency while simultaneously selling another, you have an equal opportunity for profit no matter which direction the currency is headed. Another advantage is that there are only around 14 pairs of currencies to trade, as opposed to many thousands of stocks, options and futures.

4 - Forex Trading online offers great leverage!
You can make the most of your investment resources with Forex trading online. Some brokers offer 200:1 margin ratios in your trading accounts. Mini-FX accounts, which can typically be opened with only $200-300, offer 0.5% margin, meaning that $50 in trading capital can control a 10,000 unit currency position. This is why people are flocking to Forex trading online as a way to highly leverage their investments.

5 - Forex prices are predictable.
Currency prices, though volatile, tend to create and follow trends, allowing the technically trained Forex trader to spot and take advantage of many entry and exit points.

6 - Forex trading online is commission free!
That's right! No commissions, no exchange fees or any other hidden fees. This is a very transparent market, and you'll find it very easy to research the currencies and the countries involved. Forex brokers make a small percentage of the bid/ask spread, and that's it. No longer any need to compute commissions and fees when executing a trade.

7 - Forex trading online is instant!
The FX market is astoundingly fast! Your orders are executed, filled and confirmed usually within 1-2 seconds. Since this is all done electronically with no humans involved, there is little to slow it down!

Forex trading online can get you where you want to go quicker and more profitably than any other form of trading. Check it out and see what Forex trading online can do for you!

read more ......

Forex Trading: Great Opportunity or Scam?

by: Steve Pickering
A lot of interest has been generated recently in FOREX trading, hailed by some as the great new investment opportunity. There are even companies running TV infomercials, offering sure fire systems that will bring massive profits in an easy fashion.

So what is forex? Is it something new? The exchange of currencies is said by some to be the world's second oldest profession and as long as there have been two sovereign states that have issued their own currencies, there has been foreign exchange as a facilitator for trade.



Forex, as foreign exchange has been abbreviated to, has been conducted for centuries and has become a global market with a daily turnover according to a recent Bank for International Settlements survey of $1.9 trillion (billion, billion) per day. Essentially it is a global market place with no physical exchange building where all claims on foreign currencies are settled - between governments, corporations, investors and speculators among others. Banks have traditionally been the middlemen who provide the liquidity to this gigantic market, which incidentally is traded on an almost continuous 24-hour basis.

Then came the Internet and suddenly it became possible for everyone to get a piece of the speculative action. Brokers sprouted up with their electronic trading platforms and high 'leverage'. Essentially the brokers lend clients funds to speculate with, 100:1 or in some cases up to 400:1 ratio, or leverage. This means that $10,000 can 'control' up to $4,000,000 in the market. This is far higher than is possible in the stock market.

Many people have been attracted to the possibilities of earning fast profits from forex. There are often sharp movements that can turn your $10,000 to $20,000 in a matter of minutes. You can also get wiped out, but the lure of a fast buck has turned would-be speculators into out-and-out gamblers.
The Internet has also made it possible for the individual to obtain so-called 'charts', that allow them to do 'technical analysis' on their own PCs. The theory is that price movement patterns repeat themselves, so if you have a system of analysis, you can predict a future move in the market.

This may well be the case, but it does not address the problems of the psychology of trading - the fear and greed that drives many to irrational behaviour. People are often taken in by the seller of a system, often paying $5,000 for a piece of software that shows a green light to buy and a red light to sell. However, they don't tell you how to manage your money.

So speculators lose. It has been estimated that 90% of new investors in forex lose their capital in the first year - an appalling figure. What can one do to avoid being a victim? Well, forex is a business like any other business and planning is required. It is also a profession and as such, adequate training is necessary so that you understand fully what forex trading is all about.

Many are prepared to invest thousands in forex trading without really knowing what it is all about. Just think if franchises were offered in a major hamburger chain without the franchisees having a clue how to run a restaurant or even make the burgers. The failure rate would also probably be 90%!
As with all investing, it is all a matter of risk and reward. Investing in Government securities is considered low risk, therefore they carry the lowest return. Increase the risk (the probability of loss on the investment), the higher an investor is rewarded in terms of return. An individual trading forex decides his own level of risk, which should dictate the level of reward. However, in the hands of an inexperienced trader, the two factors are impossible to reconcile, meaning in stark terms that traders cannot control the risk or the reward levels.

People attracted to forex trading often have an unrealistic expectation of what can be earned. To start with an investment of $5,000 and expect to be making $100,000 a year after the first year is unrealistic. It is not impossible; then again, neither is winning the lottery.
If the parameters for trading are laid down and adhered to combined with knowledge of forex trading, success is possible. It does not take much in the way of 'enhanced' returns to be able to double an investment. 26% per annum is required to double your investment within 3 years.

Who is going to teach you? There are some very good courses available, but these will only give you the theory, in itself very important. The ideal way is to have a mentor, or guide to show you the way.
Getting mentored is a wise move because it makes it possible to draw on the experience of a veteran expert and avoid making the common mistakes that cause the unwary to suffer catastrophic losses. After a while under guidance, a forex trader will gain the experience

The bottom line is that forex is not in itself a scam. There are for sure scam artists who prey on individuals' greed as there are in any other business. If it is approached in a sensible and realistic manner and the trader is prepared to work hard, forex can provide a good living both financially and materially.

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Forex Trading

by: Chris Rohrer
The foreign exchange market, also knows as FOREX, originated in 1973 has become the largest e-currency trade market in the world today. FOREX trading occurs 24 hours a day, 5 days a week. The FOREX market offers a unique trading opportunity to those seeking a substantial profit in a market that trades over 1.2 trillion dollars each day.


FOREX market is primarily traded between central banks, commercial banks, non-banking International Corporation, hedge funds, private investors and speculators. Previously small investors were unable to trade in the FOREX market due to the large deposit required. However until recent years, with the continuing growth of the internet and competition, Forex trading has made it so small investors can now open a FOREX trading account with as little as $250.

There are a few factors as to why FOREX investing is starting to attract more small investors. For one, FOREX can be traded 24 hours a day 5 days a week. Previously trades were placed by phone, the internet has made it possible for traders to monitor their FOREX trading accounts from home and execute trades in real time with the click of a mouse button.

In order to start trading in the FOREX market, one must first open an account with a broker. It is recommended to obtain a list of brokers and do some research before deciding on which broker to deal with. Each broker offers different policies and different spreads on each currency that is traded.

Before trading in FOREX, one must first understand the risk and reward behind

margin trading in FOREX. A margined account can be leveraged, which means trading in FOREX can be done with solely cash or a combination of cash and collateral such as a security deposit. The main risk involved in margin trading is that margin trading tends to inflate loss. In addition the rate of loss and leverage makes FOREX a high risk investment. However, regardless of the downside in margin trading, FOREX is still very profitable as huge gains can be made.

There are plenty of resources on the internet that will discuss trading strategies, emotions and what it takes to become a successful trader. Most of these web sites are going to tell you that emotions play the largest roll in your success as a trader.

About the author:
To learn more about the Forex Trading program visit Forex Investing
read more ......

Forex And Daytrading

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

Day Trading

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


FOREX Trading

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

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

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

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

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

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

About the author:
Frank Hague has always been interested in the Stock Market. http://www.forex-now.info- http://www.lazytrader.com- http://www.business-software-now.info- http://www.accounting-software-now.info read more ......

Benefits of Forex Trading

by: Cynthia Macy
There are many benefits and advantages to trading Forex. Here are just a few
reasons why so many people are choosing this market as a business
opportunity:

1. LEVERAGE: In Forex trading, a small margin deposit can control a much
larger total contract value. Leverage gives the trader the ability to make
extraordinary profits and at the same time keep risk capital to a minimum. Some
Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin
deposit would enable a trader to buy or sell $10,000 worth of currencies.
Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.


2. LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid.
This means that with a click of a mouse you can instantaneously buy and sell at
will. You are never 'stuck' in a trade. You can even set the online trading
platform to automatically close your position at your desired profit level (limit
order), and/or close a trade if a trade is going against you (stop order).

3. PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock
markets, you can only make money if shares are rising, but in economic
recession and falling 'bear' markets, there is little chance of making big money.
Forex is different. One of the most exciting advantages of FX trading is the ability
to generate profits whether a currency pair is 'up' or 'down'. A trader can profit
by taking a 'long' position, (buying the currency pair at one price and selling it
later at a higher price), or a 'short' position, (selling the currency pair and buying
it back at a lower price). For example, if you think the US dollar will increase in
value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If
you think the Yen will increase in value against the Dollar then you will sell
Dollars and buy yen (go short). As long as the trader picks the right direction, a
potential for profit always exists.

4. 24 HRS: From Sunday evening to Friday Afternoon EST the Forex market
never sleeps. This is very desirable for those who want to trade on a part-time
basis, because you can choose when you want to trade--morning, noon or night.

5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online
Forex firms offer free 'Demo' accounts to practice trading, along with breaking
Forex news and charting services. These are very valuable resources for traders
who would like to hone their trading skills with 'virtual' money before opening a
live trading account.

6. 'MINI' TRADING: One might think that getting started as a currency trader
would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer
'mini' trading accounts with a minimum account deposit of only $200-$500 with
no commission trading. This makes Forex much more accessible to the average
individual, without large, start-up capital.

Please visit the author's other trading sites to learn more about forex trading:

http://www.daytrade-forex.com
http://www.daytradeforex.com
http://www.daytradeforex.com/products.htm
http://www.professionalforextrading.info
http://www.professionalforextradingonline.info
http://www.successtrading2000.com
http://www.successtrading2000.com/forex
http://www.tradecurrency.ca/education.htm
http://www.shortterminvestingsite.com

read more ......

Forex Trading Signals-The Easiest Way To Profit

By Chris Hunter
Forex trading signals

is known to be the strongest unifying factor and a prominent aspect in forex trading. These currency trade signals are ranges of international currency information from diverse currency trading sources. Tracing back in the early times of forex trade, majority of traders used tickers as a means of transporting and conveying relevant information through major communication lines such as radios and telephones. Today, with the dawn of the most modern and latest technology coupled with the introduction of the internet as one of the major players in trading forex, erstwhile trading have been shunned to make way for a far better and efficient strategy in trading forex. Now, professional and even novice traders have the power to trade in real time using real and reliable trade signals.


Forex trading signals serve as a trader’s staying power in the forex market. Just imagine pursuing a business without a capital or going in a battle without a battle gear? The rationale is similar with forex trading signals, without these vital signals, significant information is obstructed and hindered thereby creating a possible downfall in the forex market. This being said, the buying and selling of currencies from one international currency to another and the whole trading process itself becomes a complicated market without the presence of these forex signals. But with trading signals up and going, a trader can easily detect the movement of the market. Along with this advantage, idyllic timing in entering and exiting the trade without any loss of takings and revenues are also said to be the gains a trader can get from these forex signals. Succinct to say, forex trading signals act as an informant in letting a trader know if the forex market is at a trader’s side of the coin.

For those who are new in this business venture, forex signals can serve as an excellent ground for novice forex traders and a continuous avenue of learning for professional traders. As the forex market trades for more than trillion dollars on a daily basis with significant numbers of both beginner and expert traders, the use of forex signals is indeed of great help in determining the behavior of the market especially since it is no longer a secret that the forex market is an unpredictable and erratic kind of trade. However, not all traders entering the trade exited triumphantly. While half of them gains significant profits, half are losing a fortune all because of the incapacity of a trader to get hold of the right kind of forex signals.

Furthermore, forex trading signals can be obtained through service providers on a subscription plan billed on a monthly basis. Nevertheless, those who are not into trading signals subscription can go for the application of a software program. This kind of program unlike the subscription type only calls for a one time payment.

In brief, forex trading signals are developed and transfigured through the advancement of modern technology. The days of the old telephone and radio signal transmission have now been updated through forex software and signal providers in diffusing and transmitting forex signals in real time. What’s even more appealing is the fact that this kind of software could act on your behalf without the need for uninterrupted monitoring. All of these may sound too good to be true, yet the trade outcome is more than enough to explain its efficiency in the forex market, one that can be considered as a great venue towards easy profit. read more ......

Life of an Equity Trader

By Clint Dixon
Equity traders have been glamorized by the media. Most people think of movies like “Wall Street” when they think of stocks and, while that may have been a part of it in the 80s, most equity traders are simply brokers that sit in an office anywhere from New York to San Diego and do more business on the phone than on the floor of a stock exchange. No whistles, no bells, just hard work and communication.


Equity trades, simply put, are just stocks in regular companies that represent a share of ownership in the business. No fancy derivatives or options trading, just a basic slice of a company. An equity trader must know and understand these companies to make educated choices and usually tends to specialize in a few different sectors (like banking, pharmaceuticals or technology) in order to diversify their clients. It’s best to know a little bit about a whole lot of different areas, but that takes wisdom and experience to achieve. It doesn’t just happen overnight for an equity trader.

The life of an equity trader can be an early bird business depending on where they live. All life for equities begins when the NYSE opens at 9:30 a.m. EST. For the west coasters, that means in the office with the computer on before 6:30 a.m. The rest of the day is divided between researching financials and industry news from analysts and meeting with clients or potential clients to understand their financial planning needs. It’s not all fun and games to pick stocks like some of the TV pundits might bring you to believe. It takes a team of research to make informed choices.

While it may seem like it’s all lunches in fancy restaurants or golf outings in the afternoon, a lot of business happens before the sun even comes up for an equity trader. And, research is the key to success. read more ......

Comprehending the Rudiments of Currency Trading

By Zadoc Robinson
If you have the aptitude for currency trading then you ought to know that it's not as difficult as most individuals perceive it to be. For the absolute fresher, there is a small tip – get your knowledge of currencies right and set on the path of forex trading as currency trading is popularly known as. An essential sercret of forex trading is to be knowledgeable of the entire economic trends across the world and of course the shifting currency trends that you are dealing in. In foreign currency trading, each has a value againts the other one. The secret is to make a statistical analysis of the situation and trade with the changing trends.

Watching the currency trends across the world is imperative for success in this business. A lot of things establish precisely the value of a currency in the world forex market. it is for you to make the correct analysis and make the correct investment at the right time. you dont have to always trust your instinct, to make the right move. There are many software available that can do the trends study and analysis for you so you do not have to depend on your instincts to invest millions. the forex trading software's can actually process an enormous amount of data within a very short time and you will be astonished with the accuracy of the forecast.

Get on to the profitable world of forex trading and let the currency help you beget more currency. Like the saying goes, money begets more money. The world of forex trading is there for you and it is for you to make the move and get on with making those millions. Now knowing what the currency trading guru's know, making income in this buisness shouldn't be a difficult task.

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How to Make Serious Money Forex Trading

By Alex Cadens

Forex trading, like any other form of trading, is about planning your strategy in advance. In other words, you must know exactly how are you going to profit from the stock market before you even think about putting money at stake.

There are many ways to achieve the goal of having a trading strategy:

1. You can device one yourself.

2. You can take a Forex course and learn from an expert.

3. You can use a signal service and simply execute a strategy provided by a third party; or

4. You can use an EA or Forex software with the ability to manage your trading account automatically.

Any of these options will be a good one, although I you will be better off if you have a little bit of everything.

What I mean by this is that even if you have the best Forex software in your trading platform, or you use the best Forex signals service, having an understanding of the Forex market will always be a plus.

Therefore, if you want to actually make money Forex trading, you must always keep your arsenal of trading tools and resources growing, along with your knowledge of the Forex market.

Also, once you have a strategy in place (whether it is via Forex courses, services or software) always put that strategy to the test on paper money for at least two months, because as they say: only practice makes perfect, and even if you are using signals or a software, you have to make sure your are doing everything by the book.

To find reliable trading tools and resources to make money forex trading consistently visit the: http://www.specialonlinebusinessreviewauthority.com.

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FapTurbo Scam

By Giribabu

Anybody who is new to Forex Trading and wiped off his account several times while trying to make profit will search for automated trading. In my view this happens only because of the frustration not because of the trust in the expert advisor.

I am putting my personal experience here with FapTurbo. As everyone, I went for automated forex trading and searched for good expert advisors. After reading so many reviews and I decided to purchase FapTurbo.

I didnot tweak any of the properties except the GMTOffset and I tried first with demo account and it worked well for 2 weeks even though there were some losses but still my account was in profit.

I put fapturbo on my live account with $1500 balance and there were very very small profits for the first few days. Thereafter continuous drawdowns and my account wiped off 25% in couple of days. I decided to remove FapTurbo from my account.

Then I put FapTurbo on my demo account and many stop losses triggered and it failed to make profit.

I posted all these information on their forum but the moderator did not post them and rejected them. I tried several times to post that I got losses.

Then I decided to ask for the refund of the money. Nobody responds to the emails I wrote to them. The support is very bad and I understood that FapTurbo is there to cheat traders not to make money.

What I advise to the new traders is that, please dont go for any automated trading as in this world money cannot be made automatically.

The best way to trade in forex is, take very low risk and get the knowledge and know about the market and the things which influences the markt.

Finally, Please don't go for FapTurbo , It is a scam, scam, scam....

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