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Tuesday, March 31, 2009

Review Forex Products and Save Time and Save Money by Tony Stevens

Product reliability seems to have gone out the window along with the old saying, 'his handshake is as good as his word.' Since Forex burst onto the scene with its easy ability to get into and even easier ability for a novice to start trading currency, Forex product scammers have come out of the woodwork. Their main goal is to make money with Forex. Your money.

But you don't have to be an easy mark for any Tom, Dick or Harry who wants to take you for a ride on Forex. They'll offer you the moon and only after your wallet has shed some money will you realize it's an illusion and you've been duped. Be as smart about Forex products and tools as you are about trading currency on Forex.

If someone offers you something (usually a product) that sounds too good to be true, it probably is. Take the time to review the site where the product is offered. How long have they been in business?

What do other customers say about them in a review? Have you read a review about their Forex product in business magazines? Are their services under review by any software magazine? Have any other websites done a review on their Forex product? What did they have to say?

Check with a Forex colleague you trust. Have they done a review of the product? If not, ask if they will review the product so you can have a second opinion. If they're not sure, ask someone else you trust who knows about trading Forex how they would review the product, the company or the services.

It's far too easy in this day and age for someone to hide a worthless product behind a website. Look for those who not only offer an honest trial review of their product, but also the person who's willing to come out from behind the website and let the public know who they are. Those who like to hide behind the cloak of anonymity usually have something to hide.

There are some good companies who offer great Forex products available to a trader and the reliable ones would welcome a review from customers because they stand behind their product.

Many of these companies will let you try before you buy because they understand that one Forex customer with a complimentary review of their product could very well multiply into more Forex customers.

Learn Global Forex by Tony Stevens

The globle Forex market (also sometimes referred to as Forex, FX and sometimes Spot or Spot market) is a market in which currencies from other countries are traded in countries all around the world, hence the name global.

The trading takes place around the globe. You can trade currency whether you live in the United States, Canada, Great Britain, Hong Kong, London or in any other place. You can even trade global Forex in a tiny, remote mountain village if you have the technology in place to make the trade.

Global Forex is a great market for any trader to partake in no matter where you stand in your skill level. Someone who has never traded on the Forex can easily understand get involved and learn how to prosper with global Forex. All that's needed for global Forex trading is some basic information to get on the right track.

Because global Forex is a liquid market, it doesn't carry the same risks as other markets. When a market is considered to be liquid, it means that what you're trading can be changed into cash in a very short time span. The trader isn't held fast over a long period of time in a liquid market like global Forex because when he or she wants out, they can move quickly.

Globle Forex is the biggest financial market that exists today and it's an ever growing market. The global Forex is used by large investment companies, banks and at home investors. Because global Forex is widely unheard of by some smaller investors, it's still a new market to many, but the Forex has been around for years.

Unlike some trading markets, global Forex is open continually. That means currency pairs can be traded on a twenty-four hour basis. You've heard of supply and demand in other consumer products, but what you may not know is that supply and demand exists among currency as well.

This is the reason how global Forex became the billion dollar market that it is today. If you wanted to buy something for your business here in the United States and what you wanted to buy was in Great Britain, you could not use your United States money to make the purchase. You would exchange your dollars for Great Britain's pound (also known as GBP). This is an example of how the globle Forex would work in a currency exchange.

Forex - an Investment in Your Future by Tony Stevens

Do you ever stop and watch the shows on television that showcase the lives of the fabulously rich? Think they were born with a silver spoon in their mouth? The truth is, some of them probably were born into wealth. But the flip side of the coin is, some of life's richer members got that way by making a smart investment in Forex.

If you've ever wondered how those people got there and if it was possible for you to be as wealthy as they are, the answer is absolutely yes. By making an investment with Forex, you can reap financial rewards you've only seen on television until now.

This doesn't mean all you have to do is make one investment with Forex and poof!, you'll become an overnight millionaire. Your Forex investment won't work quite that fast, but it can and does work.

If you want your future to change for the better (and who doesn't want that?), then you should consider opening a Forex trading account with a small investment. If you have the capital to go ahead and open a larger Forex account (called a standard), you still might want to hold off on that investment until you know more about Forex.

Since the currency on the Forex doesn't move in the blink of an eye, you won't see your Forex investment cover you in hundred bills, at least not to start out with, but eventually, it could happen.

First, you make a small investment, usually in what's called a mini account that you can set up through a Forex broker. You make a few trades, get your feet wet and pay attention to what moves the currency and who's making the right moves.

Once you've opened up an investment and you're trading Forex, avoid the temptation to bite off more than you can chew. The quickest way to lose your Forex investment is to trade above your means. Investing in Forex isn't like playing slot machines in Las Vegas. You can't just pull a lever and have money fall to the bottom.

Rather, what happens with a Forex investment is that your money grows at a slower pace determined by each smart currency move you make. It may take you a little longer to become one of the 'overnight' millionaires, but you can have the silver spoon life you've always wanted with a smart Forex investment.

The 411 on Forex Trading Online by Tony Stevens

Years ago, the chance to make money with the Forex market was only available to those who already had plenty of money to start with. Now, with the advent of the computer age, Forex trading online has thrown open doors that were previously closed to traders who wanted to trade but couldn't compete financially with the huge amounts of money required to deposit.

Forex trading online is now available to anyone who wants to make money through lowered deposit amounts. Through Forex trading online, the smart trader now has opportunities galore to invest in trade and traders all across America are taking advantage of this opportunity and walking right through those previously closed doors.

But before you walk through those doors blindly, know as much as you can about what's waiting for you on the other side. There is no such thing as a mountain of opportunity without the chance of some small rocks bouncing toward you. Forex trading online is a mountain of opportunity, but all mountains have rocks that can impede your climb.

Forex trading online is waiting with all its possible wealth, but so are Forex trading online trials. These trials are what the experienced traders are already aware of, have gone through and emerged victorious. You might go through trials as well with Forex trading online because no venture is 100% fail-safe.

But the possible trials of Forex online trading don't mean you should play it safe and avoid trading in the currency market at all. It means you should practice with virtual funds before putting up real money of your own.

You can learn Forex trading online by using virtual funds through setting up a demo account before you make an actual trade. What good is a demo account when learning about Forex trading online?

A demo account lets you buy and sell trades without spending any money. This way, you can see first-hand (and possibly head off) the trials out there in Forex trading online. You get access to the exact market information as those traders who have gone before you. You're climbing the mountain knowing the safety gear is in place. If you make a mistake, you haven't lost any of your money.

Once you've practiced with a demo account and are pretty sure you know how Forex trading online operates, you're ready to make your move. Forex trading onlie doesn't have to be a mystery. It can be the experience that changes your life - for the better.

Why Forex Systems? Why Not?!?! by John H. Anderson

There is a reason why there are so many Forex systems out there for sale and while you may think that it is just an excuse for good investors to make more money from the consumer, you may only be partially right. The internet is surely rife with many people who have decided to write their thoughts about how to best make money from the market and sell their ideas to the general public and these people might not always include those who have been in the market and actually succeeded.

But do not let this dishearten you, a Forex system, one that is written well and laden with good advice and techniques for you to attack the market will be like a god send to your investing efforts. These are basically blueprints and maps out of the labyrinth of continued failure and heaving you towards a straight road to success. These are the methods that people have been using for years to make truckloads of money and they are giving them to you wholesale. There are 3 main reasons for this. One, of course, is the economic profit they can make from selling the eBooks to the mass market . Two, rise in their fame as an investor with expertise as more and more people get to know about them and their product via the tremendous marketing machinery that is the internet.

And three, which is the most important one of all, is the actual need for them to help others in their journey and help them contribute to a market that is growing exponentially as the years go by. Of course, we are more interested in the third reason, and while we cannot ignore the adage of self gain in this equation, there thing you should know is that Forex systems work. The top 20 systems out there, when tested against live markets in the Forex platform, have gained returns that run anywhere from a few hundred dollars to a few thousand dollars a month. And this is a fantastic rate of return.

But of course, we go back to the same problem as before in which there are too many of these products all over the internet for you to choose form and there are more and more out there cropping up like errant weeds. You need to do your own information pruning and gardening if you are going to sift through the hype and find a product that can really help you. Fortunately for you, there are plenty of review sites, done by credible third party sources who are not affiliates to these products. They provide in depth summaries and reviews of the products and generally recommend you the best ones. They also lay down the good and bad points for each, so that you can also make your own decision. These websites are basically compasses that point you in the right direction to purchasing a good Forex system. And the thing about price., why wouldn't you spend $50 maybe even $100 for something that can potentially bring you in much, much more money.

Forex Market: An Overview for Newcomers by Tony Stevens

The Forex Market of today began evolving in the 1970's and is also known as the foreign exchange market or FX. It's an exciting and volatile market that offers many advantages over the trading of traditional stocks.

The foreign exchange market simply trades currency. One party will purchase a quantity of one currency and in exchange will pay for a quantity of another currency. Essentially, two trades are made at the same time. Banks and other institutions make this possible by facilitating the buying and selling of foreign currencies. This includes trading between large banks, central banks, currency speculators, corporations, and several other official institutions.

Online trading has enabled investors to have increasing accessibility to the currency exchanges and has resulted in several trillion trades each day. Yes, there are many heavyweights involved in the trading such as government central banks and even the hedge funds but there is still opportunity for he individual investor who can handle the risk of high volatility. The low margin required is one of the factors that make investing in the Forex Market extremely attractive.

In some cases, as you will learn if you become more involved in FX trading, the large investors can be used to your advantage as the huge volumes of currency trading creates a market than moves up and down constantly.

As you would expect there are many aspects which affect the FX market, mostly economic, of which the newcomer to this market should be acutely aware. Some of these economic factors include government budget deficits or surpluses, balance of trade levels and economic growth and health. Inflation levels are closely watched, as well as the productivity of an economy and its political climate. An unstable government or a change of a leader can create quick changes in the FX market.

Trading volume alone has distinguished the FX market as unique, along with the extreme liquidity of the market. Its broad geographical reaches allow you to trade all over the world 24 hours a day except for limited hours on the weekend. Additional unique factors to this market include the many factors that may affect the exchange rate, which we mentioned earlier and the use of extreme leverage.

Where speculation is involved there is always controversy over the possible harmful affects on currency and national economies. Some say it's the speculators who cause currencies to be devalued and a nation's economy to be healthy or sick. Such is the case in most markets including the oil and stock markets.

The top five most traded currencies on the FX market include the U. S. Dollar, Euro, Japanese yen, the Pound Sterling and the Swiss franc among many others around the world. The FX market is huge. It's one of the largest financial markets in the world as

Foreign currency exchange rate and market mania by John H. Anderson

Market mania is the proper way to describe the everyday nature of a market that is ruled by a basic denominator called the foreign currency exchange rate. Called the paper trade or the Forex market, it is also a market that has been gaining a tremendous amount of popularity thus far and we can thank the dipping economy because of this.

As more and more investors lose confidence over the traditional stocks and more and more people are looking for secondary revenues to pad up their uncertain jobs, the Forex market has seen membership come at it from all sides and the numbers are steadily rising, comprising of mostly retail investors from all walks of life. Now, market mania is one thing that rules the Forex market, and this is down to its volatile and almost dynamic nature.

Many articles out there actually speak about how the Forex market is liquid and how it is a zero sum game - all how it can be beneficial to you and your trading day. But while a lot of that is fact, to me, it seems they are trying to avert your eyes from the fire by shining pretty little lights over your eyes.

Yes, the Forex market has many qualities about it that make it a winning choice for new and old investors to put their money in and yes, it is a market you should seriously consider in these bearish of times, but this does not mean you should not know what lies under the hood of its market psychology; which at times has been called manic and unpredictable at the very least. Market psychology is ruled by hundreds and thousands of emotions running rampant as the market roams through the many regions in its 24/day 5 day a week cycle and this is because of the sheer amount of factors that can affect price movements.

This is especially true of day traders and swing traders who often become mad with the gamblers gambit and make investments purely on either greed, anger or frustration; throwing out their carefully planned strategies for what seems to be unconventional means to an end. Then add to the fact that there is a ton of technical information and analysis for you to shift through and with every investor out there, they are using different aspects of the market to formulate their moves.

Then add to the fact that you also need to do fundamental analysis and you will understand why market psychology is such a rampantly manic one. Wars, apartheid, new governments, economic crisis, liquidation - even a word that some politician says in passing on broadcast TV can affect the movement of the market. Just think of the stock and equities market and multiply this by ten. Then combine about a million different type of systems and strategies, all attacking the market at the same time as they try to jostle for the positions that would lead them to making some good profits. This is why something as fundamental as the foreign currency exchange rate can create a market that is manic and unpredictable. My advice - get a good system, get a reasonable broker and work hard if you are eve to survive this jungle.

Monday, March 30, 2009

Trading Forex Isn't for Everybody - Mindless Forex Trading by Denis Marsili

Trading Forex -the most profitable market in the world- without knowledge?! Not what I recommend...that's closer to madness than trading ;-)

The failure rate in the Forex market is high - without knowledge, the right trading strategies and all it takes you are wasting your time, risking money and energy, not to mention: education takes years and someday you may want to master candlesticks and everything! That's a lot of time and money invested! It well worth it, for sure...but it's not for everybody.

Like any other investor, Forex traders need tools, advisors, education, services and resources among other things in order to trade profitably. And let's face it: It requires some common sense and balls too! Again, not for everybody.

Plus the best trades aren't always clearly profitable at first... specially when you spend so many hours staring at charts and you tend to miss "your trading touch".

If want to live the financial reality of an independent trader and avoid all the risk and hassle but you're still interested in trading Forex, people in your situation usually find the way out in a good trading robot.

Finding Forex Software that handles all the currency exchange for you automatically is an easy yet good solution.

  • The automated system is capable of operating with efficiency and low risk in the Forex Market whether you know what you are doing or have no clue about trading currencies.
  • Anyone can plug&play even with no special skills or knowledge.
  • The automated trading system will take care of all the tough work, avoid "human" emotional decisions which means you have more chances to trade forex successfully.
  • So no need to be an expert, -though if you are one already you are adding a great asset to your business.
  • No need to learn strategies or charting techniques. No technical knowledge required at all.
  • Note not all automated trading systems are going to get you the results you want. If you're interested in finding a good Forex trading system then be prepared to invest some time reading reviews and tips on how to find those "automated forex trading jewels".

    Automated Forex systems really are an opportunity opened to everyone since they deliver up to 99% of automation for any individual or business. All the currency trading is done for you.

    If you are a trader now you can focus on organization instead of trading, optimization instead of looking at charts all day long.

    Considering getting a robot yourself? More information is crucial then! Not every system out there will suit your particular needs. The options are endless.

    Don't you agree it would be a pity to pass out on a good opportunity when "the information you need for your business" is free?!

    Did you find the guide comprehensive and helpful? Information is power as you know. Tips Help Find Good automated Forex Robots and Related Forex & Candlesticks Offers.

  • Building A Forex Strategy by Bernice Eker

    In almost all endeavours and actions in this world, the most important thing to think about is the plan or strategy you will use in order to get you from where you are to your goal.

    Building a sound strategy can be the difference between winning and losing in this life. From wars to buildings to businesses and even sports, plans and strategy have played crucial parts in the success of one side over the other. The same thing goes with trading foreign currencies in the world of the Foreign Exchange market, you will have to create a solid Forex Strategy so that in the end, you too can be considered as a successful trader and achieve your financial goals.

    It is a well known fact that winning in the Foreign Exchange market is very difficult and that more often than not, people end up losing their money to the market. Although it is known as the most profitable market, it doesn't mean that investing your time and money here would surely reap benefits for you and your love ones. You must be well prepared before embarking on this investment and of course, you need to carve out your path with a Forex Strategy. But the question is, how do you build a strategy and how can you be sure that it will work out the way it should? The answer would be, educating yourself regarding this market.

    There are a lot of different ways to learn about the Forex market and the most common way is to take classes. There are a number of professors, traders, companies, universities and colleges that offer a class regarding the Forex market. Here you can learn firsthand the basics, tricks and skills that are used in the Forex market. You will also get an idea of the different ways people trade foreign currency.

    Another way to get educated is to find a willing mentor, one who has a proven record in the Forex market for being successful. You can learn that person's tricks of the trade and his or her Forex Strategy as well. You can then either make use of the same path your mentor has took or create an even better path based on his or her strategy.

    Last but not the least, you can get educated regarding the Forex market on your own time and on your own pace through the internet. There are a number of websites that offer this service to aspiring traders wherein they send the lessons, conduct online seminars and quizzes as well. The best part of these websites is that they also provide their clients with a simulation program which directly emulates the actual Forex market. Here you can test out your skills as a trader and you can conduct tests regarding your Forex Strategy to see if it can work.

    Although there are a lot of ways to get educated about the market, it is best to grab anything and everything that you can so you stock up on knowledge, tips and tricks before entering the world of Foreign Exchange.

    Sunday, March 29, 2009

    Building With Forex Signals by T Stevens

    When you build a financial portfolio, you want all the best tools at hand for the building. You want to be able to hammer home a profit in the least amount of time as possible, because the longer you take building one part of your financial portfolio, the longer it'll take you to build the rest.

    Any shortcut you can take to build your portfolio will reap you many dividends down the road. Forex signals are one such shortcut. Forex signals are the hammer that help you drive the nails-the currency pairs you choose-deep into the foundation of your portfolio.

    You could probably build your financial house without the use of Forex signals, but why would you want to? Forex signals are designed to work for you, to give you the tool you need when you need it.

    The signals work to make a recommendation to you about a trade. By using Forex signals, you get to rely on the expertise and experience of those who know what to do when the Forex is ripe for a trade.

    With the use of Forex signals, you don't have to stick around and get bored waiting to see what's going to happen the Forex. You can rely on Forex signals to alert you to the best times for you to buy or sell a trade.

    When it comes to which signal provider offers you the best Forex signals, you'll have to exercise some caution. Just because a company claims their signals are the best and can't be beat, doesn't mean it's the truth. While Forex signals are similar in the way they're delivered to you, not all the companies that offer Forex signals are the same.

    You want Forex signals delivered to you in a timely manner and in case you ever have a problem, you'll want the best customer service. For example, if for some unknown reason, you don't get your Forex signals, you want a way to be able to reach a person rather than an automated voice.

    Forex signals are designed to make your Forex trade as easy for you as it can possibly be. These signals can save you a lot of time studying and fretting over when to buy or when to sell currency pairs by giving you the benefit of their knowledge. When you use Forex signals to figure out the trade for you, it's like going on vacation while someone else does your job yet you still get the paycheck.

    Managed Forex Accounts Explained by T Stevens

    By now, you probably know there are many Forex accounts ranging from the smaller Forex accounts opened by traders at home to the larger Forex accounts that banks and large firms use. One type of Forex account is called the managed Forex.

    The word manager stems from the word manage which means to guide something like a career or an account. When something is managed, it means an individual with the skills necessary to be successful with what's being managed is handling it.

    A Managed Forex account is a Forex account that's being managed by someone other than the investor who opens the account. Usually the investor is charged a fee by the person who runs the managed Forex account.

    When you set up a managed Forex account, you are giving the manager of the Forex account the right to make your trading decisions for you, so it's important that you choose the manager wisely.

    Look for someone who has years of experience handling managed Forex accounts and not someone who is hoping to learn how to handle a Forex account by making yours the guinea pig.

    If you decide to set up a managed Forex account, you do have the right to tell the manager what you expect in terms of performance and what your financial goals are. When you discuss the managed Forex, if the person you're thinking of using to handle your account starts talking about making trades that you're not comfortable making, you might want to consider whether or not you should open a managed Forex with that person.

    Since the person operating the managed Forex will be the one handling your investment and basically running the show, you need to make sure they know what they're doing. Find out if they have a bulldog reputation-which can be good when trading Forex, because bulldog managers know when to grip and hang on, but when it comes to running a managed Forex account, you don't want someone who won't listen to your input.

    The good news is that nine times out of ten, the person managing a managed Forex account acts in a professional manner and you stand to gain from his professionalism and years of trading know how.

    One of the bad sides to having a managed Forex account is if you think a currency pair is going to go one way and you want to make a decision to buy or sell, you won't have the option of having that choice to make.

    The person behind the managed Forex will be the one who gets to move or stand still. So when it comes to a managed Forex , you want someone who would move when you would and sit still when you would.

    The Class of Forex Brokers by T Stevens

    The world of currency trading is an exciting and challenging one. Trading in the Forex is sort of like deciding to take up white water rafting without any knowledge of the river. You start out as a Class I, where you trade a pair or two with some success.

    Thrilled by your success, you move up to a Class II and you begin to trade with more moderate moves. Now that you've navigated through the Class II waters of the Forex, you feel buoyant by what you've learned , you head for Class III and find that things are more difficult than you have the experience to handle.

    In Forex, when you discover that maybe your Forex trading platform isn't working as well as you thought it could and you're struggling to stay in the raft, Forex Brokers can help you stay afloat and sail on down the river without getting overwhelmed by the cold reality. The cold reality is that some people do lose at Forex, but that doesn't have to be you.

    There are many different classes of Forex Brokers. There are Forex brokers who claim to be there to help you trade Forex and trade it with success. These Forex brokers will sing any song they think you want to hear, they'll tell you they can paddle the river of Forex with one hand tied behind their back. But talk is cheap. Can those Forex brokers deliver on their promise? Or are they all wet?

    Forex brokers with the best reputations usually have the solid backing of huge banks standing behind them. Good Forex brokers aren't afraid if you do some digging into their credentials because they have nothing to hide.

    Look for the Forex brokers with the best tools on the market to offer you for your trading experience. They'll be up to date on the latest technology dealing with Forex and good Forex brokers won't mind in the least if you want to test the waters before you make a decision. They'll offer you free demonstrations so you can be sure they're the right broker for you.

    Reputable Forex brokers want you to succeed and they want to help ensure that you do so. Forex brokers who are genuinely focused on your success won't talk you into something you don't think you can handle. They'll lay out all the options for you, the different types of accounts they offer and they'll wait for you to jump in the water instead of pushing you.

    Saturday, March 28, 2009

    Forex Automation - Profit While You Sleep by Bernice Eker

    Despite the terrible things some people are willing to do for money it still plays a very important role to survive in this world we live in. Money is used to support a person and his or her family. But in recent years, it has become harder and harder to find sources for money especially today due to the recession and downturn of the economy. Millions of Americans have joined the unemployed and they are now seeking alternative ways to earn money.

    One popular investment to make good profit is the Foreign Exchange market. This market is the largest and also the most profitable in the whole world. This however, doesn't negate the fact that many people still fail to make it big in this market, only a handful of traders are able to consistently trade successfully. The secret is education, experience, skill and a lot of hard work. If all you have is hard work, then you don't stand a chance in this market. What you can do then is to use Forex Automation. Trading the Forex isn't easy and you would have to closely guard each trade every day. This is difficult because the Foreign Exchange is a worldwide market which means it is open twenty four hours a day and five days a week.

    Of course, no one can stay awake for five whole days just to monitor the Forex market for changes in its movements that would signal when to trade and when to get out of a trade. With Forex Automation, you will never have the same problem again because it will act as your robot trader. In other words, it will monitor the market by itself even without the user and it can perform the proper actions whenever it sees fit. You wouldn't need to have education, innate skills and years of experience to be able to trade successfully with the Forex Automation because it can do all the work for you and what's left for you to do is to count your earnings and decide how to use it. The problem about Forex Automation is that there are people who claim that these are the best programs for trading the Forex by using product test data, which can be inaccurate. If a program works well in simulation, that doesn't mean it can work the exact same way in real life.

    There are some who offer these programs under false pretences that their product performs perfectly. Fact of the matter is, there are Forex Automation programs that will help you profit but they won't be able to do it each and every time. In other words, they can still commit mistakes. Some of the best programs would win 75% of the trades which is a relatively high number already.

    Never forget to read about the programs before buying them, gather as much information and find third party websites which offer user comments on various products so you can find a reliable and safe program.

    The London Forex Rush System by Tim Korth

    DAY TRADING THE FX MARKET A different approach to the pound.

    Opening-range breakout techniques have long been favorites of intraday stock index traders. A similar technique can be used in the currency market to capitalize on price moves in the British pound.

    The strategy works best with the British pound/U.S. dollar (GBP/USD) rate, the first few hours after the Frankfurt/London market openings.

    Opening-range breakout techniques have long been favorites of intraday stock index traders. A similar technique can be used in the currency market to capitalize on price moves in the British pound.

    The "Big Ben" strategy exemplifies this approach. It is this day-trading technique that takes advantage of the shift from trad- ing from one market center to another in background information currency trading.

    The Big Ben strategy is a currency-specific trading strategy designed to capture the first direction- an intraday move that often occurs which begins at approximately 1 a.m. ET. Because this currency rate trades lightly outside of London trading hours, the surge in trading every morning in the U.K. gives it a "real" market opening, which the strategy looks to existent during Asian trading hours. When London opens, however, the pound/dollar accounts for nearly one-quarter of Trading Day. The pound/dollar currency pair barely trades during Austral-Asian trading hours (4 p.m. - 3 a.m. ET), leading to a more emotional and chaotic open when European trading desks enter the picture. Currency rates with more continuous, 24-hour trading will have less of a distinct open/close as they pass through the different money centers.

    For example, the dollar/yen rate (USD/JPY), which dominates forex activity during Asian trading hours (78 percent of volume), still accounts for 17 percent of trading during European hours.

    Before explaining the specific logic behind the methodology, let's take a look at what needs to occur for a trade to set up.

    The rules: The following rules are for short trades, but the strategy can be reversed to trade on the long side. Setup: 1. The pair makes a new range low at least 25 pips (a pip is the forex equivalent of a tick, or minimum price fluctuation) below the opening price after the early Frankfurt/London trading in the GBP/USD rate begins around 1 a.m. ET. 2. The pair then reverses and trades 25 pips or more above the opening price. 3. The pair then reverses once again to trade back below the intraday low established in step 1. 4. Sell a breakout (at least seven pips) below the London low. 5. Once filled, place an initial protective stop no more than 40 pips above the entry price. 6. After the market moves lower by the distance between the entry price and the stop, cover half the position and trail a stop on the remainder. These simple rules position you to profit from common behavior that can occur in the pound/dollar when the London/European market opens.

    The logic: As mentioned, the pound/dollar rate tends to have lower trading volume outside European/London trading hours because the majority of GBP/USD spot deals are worked through U.K. and European dealers.

    The Big Ben currency day-trading strategy allows you to limit initial risk and capture good moves early in the London trading session. The product of years of watching the currency markets, the approach is based on the workings of the global forex market and attempts to exploit its structure.

    The London Forex Rush system is based on this principle but boosted to incredibly higher levels: much more profitable, safer, quicker to reach its targets and what's more, FULLY AUTOMATED with the London Forex Rush custom indicators.

    Tips for Forex Method Validation : See if Your Trading Method can Make you Rich by Ryan Ferrer

    Every Forex trader finds himself literally drowned in all of the trading methods, systems and automated programs, day by day we are finding it hard the method that really works ---at least for us. Any method out there, no matter how complicated, simple or "effective", cannot guarantee you financial success unless YOU understand and learn to use it to your advantage.


    I have made another article regarding the method validation for whatever trading method you are using, here is another in relation to that.


    1. Technical Indicators. Any good trading method out there will avoid too many or wrong technical indicators. Any trader with too many forex indicators will find themselves confused and will have conflict in their profit potential. The key here is simplicity. The more simple indicators are to understand, the more it is effective.


    If you want to find a good trading method, few forex indicators together can identify whether you have a strong trade opportunity or not. I have discovered 3 to 4 indicators working together to accomplish this. An easy trading method may mean simple; and simple is the key of being effective. Forex traders should be cautious if using more than 4 forex indicators.


    2. Another, any good method should not be purely mechanical. By mechanical, I mean there will be no room for market interpretation. Any good method will allow a forex trader to see the larger picture. E.G. is a forex pair in an extended downtrend? If so, is now the time to buy an uptrend? A mechanical system will tell you "buy" but a forex trader who succumbs to this will not see the bigger picture or have his own interpretation and instead just follow the signals and may face a disappointing consequence.


    3. A good method makes a good trader. The method you should be using should help you establish discipline. This means the actions of trading -- buying, selling, setting stops, and the like. If you have to face too many decisions, you are more likely to end afraid, and may not profit because you did not make a trade. Fear brings you to nothing. A method you use should be easy to follow, because the way to remove fear is understanding.


    The trading method that can make you rich should use simple indicators to identify a trending forex pair, and such a way provide a lower risk and higher profit potential. Any fx master's method is more simple than you think, because it is easy to understand, apply therefore easier to lower risk and pull in the profits.


    With these keys , I hope you are enlightened on what trading method you should follow. This information here and the other information in the articles I wrote should help you be saved from the headache and the heartbreak of a Forex loss.

    Forex Vengeance Review - Does This New Forex System Really Work? by Day Trader

    New automatic forex traders are being released every week, but only a fraction of them are effective.

    There is a new software by the name of Forex Vengeance that has already received great reviews. In the last few weeks this robot developed by Steven Lee Jones, who is the successful author of several best selling forex trading manuals, is out selling every other forex system online. After many months of intensive testing and research, its creator managed to develop a true plug and play system, the only one that can provide you with live trading proof.

    This expert advisor runs on the metatrader 4 platform and can conduct trades without any human intervention.

    One of the best features of this software is that it can work with all account sizes. Some of the benefits of Forex Vengeance are:

    1. It can do all the work for you.

    2. It has over a 90% winning rate.

    3. It is not restricted to account size. You can trade with any account size, big or small, and still make a profit.

    4. Requires only a small investment, you can start with as little as $50.

    5. You don't have to baby sit your trades... EVER. Forex Vengeance doesn't make you sit in front your PC all day. In fact, you can just let it run. It'll put on trades, get out of trades and put money in your account automatically...even in the wee hours of the morning. This is as close to "set it and forget it" as you'll ever see.

    6. It's very user friendly.

    7. It offers great costumer support.

    Forex Vengeance shows when the financial markets are in crisis, they will actually work in your favor. The Forex Vengeance robot works under any market conditions, and even better in the volatile forex market of 2009. It comes with step-by-step video training that makes the installation very easy to follow.

    Like all investments Forex Trading involves some risk, so it would be a good idea to first test Forex Vengeance on a demo account with fake money, until you familiarize yourself with this system. Keep in mind that if the demo test results don't satisfy you, you can always return the program and get a 100% refund.

    ATTENTION! All Eyes on the Market Please by Timothy Stevens

    Watching the market and trying to spot big trending moves is something that a foreign exchange trader who wants to make money in currency trading has to learn how to do. This is not something that is easy to do and most foreign exchange traders engaged in currency trading are clueless about spotting the big moves in the market. A lot of these foreign exchange traders just do not have any idea as to the forces that move the prices in the currency trading market. Therefore, taking advantage of these big trends for profits is also lost to these traders.

    Understanding the market and the forces that move it is critical in being able to spot these big trends. First off, the currency trading market is composed of millions of buyers and sellers transacting in the trillions of dollars everyday. These traders could have their own reasons for being in the forex market - some for hedging and some for raking in profits. These participants and the way they are playing the currency trading market all influence the market price. The diversity in human reaction and interpretation makes it difficult to predict how the market will move.

    There are patterns, however, that can be gleaned from the common human psychology that influences market movements. It is the foreign exchange traders' understanding of how human emotion comes into play and drives market prices up or down with their greed, fear, or hope that enables him to time his trading decisions well. There are indicators that show how human psychology moves the market. These will also you to spot big trends to allow you to take advantage of the best risk-reward trades available. With the discipline to stick to your trading systems and the right tools to analyze and implement your system, you will surely end up as a big winner in foreign exchange trading.


    About the Author

    Timothy Stevens is a Forex Options Trader who owns http://www.NonDirectionTrading.com - He has helped hundreds of people on Trading Forex with Options

    He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit http://www.NonDirectionTrading.com/members/FreeReport.htm

    Wednesday, March 25, 2009

    Forex Trading Made Easy - Everything You Need to Know by Chriss Hunter

    Forex trading can be a very complicated thing to understand. Whatever you have heard and read about it being easy is not true at all. When you are trading foreign currencies in the world's largest market where nearly $2 trillion a day exchange hands, navigating the environment is far from a walk in the park.

    Don't let this discourage you, however. These days trading on the foreign exchange market is done over the Internet, making it accessible to anybody who aspires to be a forex trader. There are many resources from which you can learn the basics of forex trading, whether they be e-books, online articles, forums, or the advice of an experienced broker. With enough information at your fingertips and the patience to learn all of it, you can begin your career as a forex trader and gather the skills you need to make your forex transactions a success.

    First off, know what kind of commerce the foreign exchange market deals in. This fast-paced and erratic environment is a global marketplace where different kinds of currencies are bought and sold. There is no day or night in forex as trading takes place around the clock, 24/7, whatever your geographical location may be.

    When you start trading at forex, you will notice that you will be dealing with two currencies at a time. These currency pairs consist of a base currency whose constant value is 1, and a counter currency, which the base currency is traded against. For instance, when you see a forex quote that appears as USD/JPY 109.6, it means that 1 US Dollar is traded at 109.6 Japanese Yen. You will need to concentrate on both these currencies and observe how they react to one another.

    The price of each currency will depend on its country's international trading activities and financial investments. Its movements also depend on the country's inflation, interest rates, and political stability, as well as in relation to news and other global events. You will need to be on constant alert to the movements of currencies as they respond to all these factors. This way, you will know what directions your trading decisions will take.

    Forex currency quotes have a "bid" price and an "ask" price. The bid price is the amount that a dealer is prepared to buy a currency with, and the amount which a trader is willing to sell it at. The asking price is the amount that a dealer is prepared to sell the currency at, and which a buyer is willing to buy the currency with. The amount difference between the bid price and the ask price is what is known as the "spread". You can make a huge profit if you are able to buy a currency at a low asking price, and sell it at a higher bidding price, thus arriving at a larger spread.

    There is a lot of information you can find on forex trading online, such as how to trade in different currencies, get access to real-time quotes, finding a tested and proven forex trading system, and how to manage your money with consistency and discipline in order to minimize your losses and maximize your profits. When you have mastered the basics and understand how forex trading works, you will be more confident about making wise trading decisions and more likely to profit from your trades.

    5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

    With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

    1. Have Faith In Yourself

    To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

    2. Accept Your Learning Curve

    Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

    3. Decide What Type of Trader You Are

    There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

    4. Get Educated

    Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

    5. Continue to Get Educated

    In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals.

    What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

    An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.
    Author Resource:-
    Eddie Yakubovich has trained hundreds of successful traders using the same
    methods found in his elite forex
    trading course. This forex seminar provides you with as in depth a
    forex trading education we have ever seen. We highly recommend it.

    Forex: The Keep It Simple Stupid Guide by: Jim Wilson

    A wonderful way to diversify your investment portfolio is to learn forex trading. Many new investors have discovered the world of foreign exchange trading to be an exciting new challenge. One that is filled with rewards that are beyond what they were achieving as stock traders. Currency forex trading is a great way to branch out into new investments. Experience a completely new world of investing by stepping outside of the chaotic domestic economy.

    The unique thing about the forex market is that it never closes, if you feel like trading at 2am it's not a problem. Unlike with other markets, such as the stock exchange, you can continue dealing with the currency trading market without worries over it closing at the end of the day. Websites give you 24-hour access to monitor what has been happening in the world currency markets at anytime. Through these sites you are able to learn all the basics about the market.

    The websites will include tools and tips to guide you through the beginning steps of trading. This is a clear advantage because you can hone your trading skills before laying down your own money in the market.

    When you think of it, the forex firms are training you to become skilled at trading for free by providing guidance, demos and news at no additonal cost. In a short while you will start feeling confident in trading and investing in forex. It only takes about $300 to start getting some good returns.

    Learning forex does not require that you have a degree in economics or that you study the markets for years. The forex trading websites have made it easier for you to become successful. Forex brokers will give you access to the market for your currency trading.

    Just like stock brokers, they can provide you accurate information and advice on how to deal with Forex trading strategies. Advice includes all the aspects of the Forex trading market which extends to research approaches and technical analysis to improve the member�s trading performance. Naturally, because this market has apparently been providing a great return on investment, large financial institutions have been proactively monopolizing the market.

    However, with the trading firms, small-time individuals also have the opportunity to earn money through Forex trading brokers. As I mentioned earlier, the online firms have been providing powerful website tools to become familiar with the whole idea of the currency market.

    Your choice of Forex trading broker will largely depend on your need in the trading market. Many brokerage sites will provide trading simulators and expert advice as well as research and analysis designed for first time traders. Furthermore, these websites typically provide experienced online Forex traders who offer in-depth advice to forex traders of all levels. All of these tools are available to beginners to try out.

    You really can earn money by taking the time to learn forex trading. The availability of investment simulators and 24-hour customer support enables new investors to learn quickly. Not only can you be trading in no time, you will also be showing a tidy profit. Start researching forex trading. You might be shocked to see how many large companies are involved.