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
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Kamis, 30 April 2009
Senin, 27 April 2009
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
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Kamis, 23 April 2009
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.
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Senin, 20 April 2009
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.
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Jumat, 17 April 2009
By Zadoc Robinson 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.
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.
Minggu, 12 April 2009
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.
read more ......Selasa, 07 April 2009
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....
read more ......Kamis, 02 April 2009
By John Temp
If you are one of the many people who are eager to learn to trade one the forex, here is the best suggestion I can give you: Remove everything from your charts. When I say everything, I mean everything. Get rid of all the indicators that you think you can't live without, so you are basically just looking at a simple bar or candlestick chart.
After you did all that, can you tell me what you see? If you said "the price", then you, my friend know the secret to trading. It's not about all the bells and whistles that you can use. It's simply understanding price movement. For whatever the reason, traders have this idea in their head that they have to trade with indicators. It's a shame the trading community has gotten this way.
I was a victim of having this kind of mindset when I first started trading. I absolutely buried my charts with tons of indicators, and after months of losing money, it finally dawned on me that I was looking at this all wrong.
So, I did just what I recommended. I cleared out my charts and looked at them from a totally different perspective. Something really interesting happened. I was able to see that the prices of currency pairs had these price patterns which were going on right under my nose every single day. I wanted to kick myself for not paying attention to this. From that day forward I never put another indicator on my charts, and I have been a more successful trader because of it.
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