Forex trading | Forex opinions | Forex tutorials|Online Forex Trading

PayPerPost

2008-02-26T20:27:00.000-08:00

PayPerPost is the world’s largest consumer generated ad network, connecting Bloggers & Advertisers to deliver compelling online social marketing campaigns. The results are brand awareness, online buzz, increased traffic and consumer-based opinion.

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2008-02-26T20:25:00.000-08:00

Sydney Financial Group

2008-02-26T20:21:00.000-08:00

Sydney Financial Group is a financial service provider that helps families in the United States eliminate debt and plan for the future through retirement consulting and financial coaching. Sydney Financial markets the Mortgage Checking Account (MCA) system, a debt elimination strategy, which originated in Australia and has JUST recently been introduced to the United States. By using Sydney Financial Group's MCA system, clients can pay their homes off in half the time with little change to their life style by changing where they deposit their paycheck. The MCA system is powered by Sydney's proprietary web based software program and can be used anywhere in the United States.

DestinationRx

2008-02-26T20:18:00.000-08:00

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Bizreef

2008-02-26T20:16:00.000-08:00

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StartLogic

2008-02-26T20:14:00.000-08:00

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Cash Central

2008-02-26T20:11:00.000-08:00

Cash Central is one of the first online lenders to offer payday loans with state certified backing in 23 states. We proudly maintain an honest, ethical, customer first-lending philosophy. No bait and switch. No over-promising.

Payday loan

2008-02-26T20:08:00.000-08:00

We are Beachside Companies, Inc., a Payday loan lender and lead generator. Our position in the market is far-reaching, as we work with multiple lenders in the payday loan marketplace. This enables us to provide our publishers with industry high converstions! You are accepted as a publisher as long as you are sending us qualified leads. The sky is the limit as to the number of leads you can send us as long as they are valid! It doesn't get much better than that! We, together, have unlimited growth here and that means the potential is great and a win-win situation for us both!

UseNeXT

2008-02-26T20:02:00.001-08:00

UseNeXT bietet einen anonymen und unzensierten Zugang ins Usenet und damit Zugriff auf Forenbeiträge, Videos, MP3s, Software, Games und Erotikinhalte in ungeahnter Dimension. Das Usenet wurde bereits vor dem Internet enwickelt und setzt sich aus über 60.000 Diskussionsforen (Newsgroups) zu jedem erdenklichen Thema zusammen, in denen Meinungen und Dateien (z.B. Videos, MP3s, Software, Games, Erotikinhalte) getauscht werden.

Penn Foster Schools

2008-02-26T20:02:00.000-08:00

Penn Foster is the world’s largest and most respected distance learning institution. Students have the opportunity to choose from over 80 Career Diploma or Specialized Degree Programs. Since 1890, over 13 million students have enrolled with the hope of improving their careers and their lives. Penn Foster is accredited by the Middle States Commission on Secondary Schools for our high school and vocational-technical programs.

Online Trading - Golden Rules for the New Trader

2007-09-22T04:49:00.000-07:00

Any successful trader knows how fun and profitable stock trading can be. The experience of taking a profit from something as celebrated as the New York Stock Exchange or NASDAQ is as exciting as it gets. These trading arenas are the most celebrated in the World and to actually profit from these markets is a feat in itself. I don't have to tell most successful traders that they are competing with some of the most successful floor traders the market has to offer when the invest their money in the markets.

What about the new trader just starting out with a newly funded trading account? I'm sure any seasoned trader can look back and remember how that felt...exciting to say the least. If we are honest with ourselves we would also remember how many mistakes we made along the way to becoming successful. It's a fact that most new traders will lose all of their money before they finally figure out how to trade successfully. They come to the realization too late that the golden rule of successful trading is gaining enough knowledge to think for themselves.

The web is littered with obstacles that are designed for nothing more than to part unwitting investors and traders from their money. Couple that with the fact most traders soon find out trading is isn't as easy as following an analyst rating and become frustrated. This isn't the 1990's anymore and the stock market has reverted back to a more traditional growth rate and the likelihood that a new trader will soon find themselves over their head is very high.

So what can the new trader do to prepare for trading successfully? There are a few golden rules that I recommend any new trader follow before and during their initial stages of growth as a trader:

Learn to think for yourself - Take the time to learn your method of trading whether you decide to trade as a technical or fundamental trader. Read all you can and study often. Take a trading course, read books, get the proper charting software and look at charts nightly.

Stay away from stock message boards - When starting out it's hard to decipher honest observations from hype. "Pump and dump" schemes flourish on internet message boards and the new trader can become easy prey.

Don't over trade - It's easy for the new trader to actually trade too much. Stay in your investments until they run their course. Don't jump from one stock to another trying to achieve quicker profits.

Use a stop loss - Many new traders stay in a losing trade way too long. Stick with a hard and fast stop loss rule, I recommend eight percent.

Try paper trading first - Paper trading is a great way to test your trading strategies and build confidence. Wait until you're profitable on paper before committing money to the market.

Keep your emotions in check - The reason many traders lose money is because they are afraid of losing money. You should have a strategy and a stop loss rule that you can rely on. Cut your losses at your stop loss and let your profits run.

Trade with the market - Watch the S&P 500 or the NAZDAQ and trade with the trend of the markets. If the markets are in a decline, don't place long trades or go short. If the market is in an uptrend don't trade short and stay with your long positions.

While the above list is by no means an exhaustive list of the rules you will need to follow, it does cover the most common mistakes made by new investors. Take your time; learn all you can and you might just find yourself becoming a very profitable trader.

The Beginners Forex Trading Primet

2007-09-22T04:42:00.000-07:00

With more than two trillion dollars worth of business being done each day, the forex market is the most extensive market on planet Earth. This incredible wealth entices traders from around the globe to participate, each maximizing their potential. Traders in forex come in every shape and size, from every possible nationality. This market tempts traders with the potential fortunes to be made, while keeping conservative investors wary due to the immense sums lost on a daily basis. Additional benefits of the forex arena are the non-stop activity, instant liquidity of assets and real-time results.

But prior to reaping the benefits of this lucrative market, you must acquire knowledge in the forex field. The age old truism: "Be prepared" rings true as ever. Arm yourself with know how and skills before plunging into the new field of forex markets. When you are thus prepared, it will be easier to make your way as a trader, avoid pitfalls and succeed in actualizing your trading goals.

You also need to remember that there are many players in the forex market. Whereas about 94% of forex traders lose their money due to lack of education, there are plenty of investors, speculators and traders that make a lot of money and have acquired great wealth by investing correctly in the forex market. There is a correlation between proper finance and forex education and success the trading market. Many times forex traders lose money because they did not analyze the forex data correctly and made wrong predictions. The objective of a forex training is to teach you how to analyze the market correctly and what steps should be taken in many different situations.

Basic forex training should include a look at the history of the market. By being familiar with the way the forex market acted in the past, you will be able to spot recurring patterns and similar themes. The dynamic forex market can always be surprising, with sudden rises and falls, and forex rates are known to be especially unpredictable. Learn to anticipate these changes, analyze them and then act based on your analysis.

Once you have decided to become involved in the exciting world of forex trading, the next step is to learn as much as you can about this dynamic market. Be thorough in this adventure and do not become impatient if the going is slow. Huge sums of money may be yours to earn by wisely trading in this huge and lucrative world market. Overcome all the dangers involved and you may make a fortune.

Online Forex Trading

2007-09-22T04:40:00.000-07:00

Advanced Currency Markets (ACM) is an online currency trading company that offers currency trading services, relevant analysis and market information, forex software, a 24-hour help desk and online forex trading facility to its clients. You can trade in the online forex market through our web-based applications. All our applications require a one-time download, are very space-efficient and easily get stored on your hard drive. Our software is stable, easy to install and provides regular automatic updates. We are concerned about the security of your data and ensure that you have a very secure platform to execute your foreign currency exchange transactions. Our 128-bit SSL encryption offers you a safe and robust online dealing platform, accessible 24-hours, from just about anywhere in the world.

At ACM, we understand your different trading needs and thus offer spot foreign exchange trading and spot gold/silver trading. If you are new to forex, you may open a demo or a practice account with us and use our trading platform to gather some hands-on trading skills. If you feel you have what it takes to trade in the online forex market, you can open a live account with us. You may set up a mini account with an initial deposit of minimum USD 2000 or equivalent or a standard account with a minimum initial deposit of USD 5000 or equivalent. We also have an institutional forex trading account that can be set up with a minimum initial deposit of USD 50,000 or equivalent. For more information about our account types, log on to www.ac-markets.com.

Lets take a quick look at our online forex trading process. A customer provides us information about the deal size and the currency pair. In return, we provide, a bid and an ask price. The customer may take one of these two prices or may ask us for a re-quote. Once our customer gives us the price, we confirm the trade in just about 5-10 seconds. The client may even place a limit order and ask us to buy or sell at a specified price. This helps him to enter the market, add to a pre-existing position and assists profit making. If a client wishes to restrict his loss potential on a particular transaction, he can give us a stop order and we can buy or sell at the specified price.

When you trade with ACM, you enjoy several benefits. You get a choice of 27 tradeable currency pairs to choose from. The price you click is the price you get, which means no risk of slippage. A simple one-click is all it takes to execute a transaction. Our 1% margin provides our customers with the level of risk they are willing to take. Our secure website ensures that you conduct all your online forex trading with complete peace of mind. We offer the most efficient and best services in the online currency trading market and charge no commission whatsoever. Our Online Trading Academy can help you enhance your knowledge and skills through our free online classes.

Currency Investing With Automatic Forex Trading

2007-09-22T04:39:00.002-07:00

Foreign Exchange (forex trading) is an online, global market where central banks and large corporations buy blocks of currency (usually in lots of 100,000 units) for 24 hours a per day, save on weekends. Since the mid 1990s, it's been possible for small investors to get into the act as well. The state-of-the-art now available to the individual investor has sparked great interest in automatic forex trading.

The Foreign Exchange (Forex) market is the marketplace where currency of one country is traded for currency of another country. These trades happen constantly and in a vast number of transactions that equate into billions of dollars on trades being carried out on a daily basis, making Forex one of the largest and most active financial markets.

In one form or another, Forex has existed as long as currencies have been traded, but it has only been very recently, in the last decade or so, that currencies started to be traded by the "public." For decades this market was exclusively the domain of the back rooms of the banks which profited considerably over this time. With the advent of the internet and sophisticated automated Forex trading systems, the ability to participate in the Forex market is now open to virtually anyone as long as they have a computer, an internet connection, a Forex brokerage account and a good system.

And therein lies the rub. Trying to stay on top of a forex position requires constant monitoring. Fortunately, there are automated tools that will let you specify a currency, an asking price, and a selling price. Combined with a brokerage account (so that you don't have to put in $100,000 in seed money, but can get your funds aggregated with other investors), these can provide a reliable automatic forex trading system that will manage your purchase and sell orders, whether it's 4 AM or 2 PM your time.

The major benefit of automatic Forex trading systems is that it allows you to benefit from the profitability of the Forex market without having to become an expert in Forex trading, and with very little investment of your time. In fact, there are five different ways that you can benefit from such systems, as follows:

Benefit One: With an automatic Forex trading system, you are not required to do the actual trading yourself which means you are not putting in a great deal of time and are not chained to your computer. This is a huge benefit for many and for most people interested in Forex, it is top on their list of benefits. And, for the Forex trader who enjoys being tied to the computer trading, it also means he is able to trade through one systems and also be able to trade at the same time trade with a second or third account using an automated platform. But, for those not interested in the daily grind of trading, they can take care of their primary business and still enjoy Forex profits.

Benefit Two: An automated Forex trading system allow your trades to be made at any time of the day or night, regardless of your presence. With a manual trading platform, some of the profitable trades will be missed when the trader is not able to be at the computer. The nature of automatic trading overcomes this problem and allows profitable trades to take place without any human intervention.

Benefit Three: You also have the option of taking advantage of multiple Forex strategies and different systems when you are running your Forex trading on auto-pilot. You can trade through many systems with the same automated trading provider or you can choose to operate with more than one provider. Because different systems are designed to be triggered by different indicators, and emphasize different currency pairs, trading through more than one automated system allows you to diversify your investment, and your risk, and with virtually no additional work on your part.

Benefit Four: Using an automatic Forex trading system eliminates the human foibles and psychology that can often interfere with proper and profitable trading decisions.

Benefit Five: You are able to make trades that would be impossible for one person to be able to keep up with. An individual is only capable of monitoring a few currency pairs at a time, but utilizing an automated system allows you to multiply the number of pairs you can follow and trades you can execute, because it is the sophisticated software that is doing it all for you.

Some trends worth watching when doing foreign exchange trading are changes to prime lending rates, or raising the liquidity thresholds in certain markets. Drops in a prime rate tend to reduce the asking price of a given unit of currency, because it's easier to take out a loan, and increases the amount of money in circulation. Other trends to watch are wars - during the run up to the war in Iraq, the Euro went from $0.81 cents each to $1.41, before settling back down to roughly $1.25, where it's remained stable ever since. The trick is to look at the news, and make a good hunch as to how it's going to impact the forex market, and then set your automated forex trading system to capitalize on it, even if you're soundly asleep.

Choosing a Good Forex Broker

2007-09-22T04:39:00.001-07:00

If you want to be successful in Forex trading then it is essential to choose the right Forex broker. This is one of the most vital factors if you want to reap the benefits associated with the currency market. There are various companies that offer such services but before you choose one, make sure that you carefully examine what the offer is and the best deals. This is where your research work needs to start. It helps to create a checklist in order to make sure that you get the best deal.

As a Forex trader you need to understand the importance of choosing a reputable broker because this decision can make or mar your success in the Forex market. Whenever you plan to choose a broker, you need to follow certain steps that will make the search easy for you. There are a number of forums on the Internet where you can get an opportunity to interact with other traders. This interaction will certainly help you get an idea of the experience of other traders in appointing a particular broker. It is essential to be very cautious about the opinion other traders hold because there are chances that what they are saying is not accurate at all. So do not accept their statements blindly. Once you interact with the traders, and before you make any decision about a broker, it is essential to check if they are authentic.

There are a lot of brokers who offer a dummy platform where any trader can easily practice the trading process without any commitment of money. This can prove to be beneficial in choosing a broker because you will get an idea how he or she will be interacting and complimenting you. This will also help you in ensuring that the layout gives clear details like an account summary that will be showing your current trading position with information like loss or stops, a bar chart of the currency that is being traded and so on. As a back up there should be availability of email and telephone. According to many Forex traders, one of the most sensible steps to follow, as a beginner, is to open a mini account. There are a lot of brokers who offer such accounts starting at 200 dollars. So try to find a broker who will guarantee you a risk that is limited to the amount that has been deposited in the account.

This article is for information only, currency trading is a high risk market and the author accepts no liability for any action you may take.

Why The Forex Market Is A Smarter Choice Than The Stock Market

2007-09-22T04:36:00.000-07:00

The Foreign Exchange Market (Forex), an international market that has been in existence for over 100 years, trades an average of $2 Trillion dollars per day. Until recently, however, it's been a market reserved primarily for institutional investors. Today, as a result of technology and the Internet, even individual investors can take advantage of the Forex.

But how does it match up against the Stock Market for investors?

Here are some of the key differences ...

1. The Forex Market is open for trading 24 hours a day, while stocks are only traded 8 hours a day.

2. While transaction costs for a Forex trade are minimal, Stock Market trades often come with much higher commission fees. Due to the same technology and the Internet, though, stock trades are far more reasonable for the individual investor today than they were just a short five years ago.

3. Individual stocks can sometimes be manipulated by unscrupulous companies. This is far more difficult in the currency markets.

4. Investors have far more choices in the Stock Market. In the Forex Market there are only six major currencies.

5. Currency traders have far more leverage and liquidity than do stock traders. In addition, the currency market is much larger than the Stock Market.

It's easy to see that the Forex Market provides many more advantages for its traders. And just because it's still a relatively young market doesn't mean that it comes without the tools, software and signals that can help give the advantage to the individual investors. In fact, there are not only numerous charting services available on the Internet, there's also a rich history of trading strategies that new traders can test and explore for themselves.

Similar to the Stock Market, a new investor has a number of choices before them. For example, he can hire a broker to handle all his trades. This is generally the most expensive alternative in either market. Or he can spend the money for a home-study course and put in the time to educate himself.

More common, again in both stock trading and currency trading, a new investor will choose a strategy or set of strategies that provide comfortable trading parameters and then put those strategies into action using proprietary trading software. Such software almost always comes with charting capabilities (if it doesn't, you'll want to keep looking until you find one that does) that allows the trader to spot trend direction, price activity, and historical movements by using technical analysis indicators such as Bollinger Bands, Fibonacci Arcs, and Standard Error Bands. All very cool ways of analyzing the market and making more intelligent decisions.

At first glance, the differences between the Forex Market and the Stock Market may appear minor. However, with the leverage, liquidity, tools and techniques that a new trader has at his disposal in the Forex Market, there are distinct advantages. A little preliminary research, a set of strategies that are within the trader's comfort zone, and the right tools can all help reduce a trader's risk.

Forex Trading - 2 Simple Tips To Increase Profits Dramatically

2007-09-19T22:42:00.000-07:00

Here we are going to give you 2 simple tips that will instantly improve your overall forex trading results. There simple to learn, easy to apply and could help you achieve big profits consistently of 100% or more annualized.

Consider this point:

Forex trading is all about being right with your forex trading signals and making money - You don't get rewarded for the effort you put in to forex trading strategy the only thing that matters is profit.
Here we are going to focus on working smart not hard to make more money from trading.
Before we discuss our forex tips in greater detail, lets look at two key points in regard to currency trading.

1 The Big Trades Only Happen a Few Times a Year

If you look at any currency chart the really big strong trends only occur a few times a year and these are the trends that offer the best risk reward. The rest of the time the markets are either trending sideways with no clear trend, or showing high volatility which is hard to trade.

2. Trading The Odds

If you want to make money you need to trade the odds and get them on your side. The best way of doing this is to focus on set ups that give you a clear trading edge which is easy to see on any forex chart.
You need to look for valid support or resistance which has been tested numerous times over several months - you know if these levels are broken the likelihood of a new trend developing are high.

The two tips to make more from your forex trading system are:

1. Cut back the amount of trading you do

And only focus on high odds trades - look for valid breakouts of support and resistance and trade them.
Keep in mind, most big trends develop from new market highs NOT market lows so you need to focus on the breaks and go with them.
Use a breakout methodology and ONLY trade these high odds trades. You won't trade often but each trade you go into will have the potential for triple digit gains.
If you like the excitement and buzz of trading this method is not for you, but if you want to make money from your forex trading strategy it is!

This now leads onto the second point:

2. Risk More Per trade and DON'T Diversify

You will hear a lot about diversification and cutting risk but all it does is dilute profit potential.
You will also read a lot of investment wisdom that says risk only 2% per trade, well if you are a small forex trader with a $5,000 account, that's just that's $250.00!
Forex markets involves taking risks and with risk goes reward - the more you risk the more you make pure and simple. If you are trading a currency move that is a high odds one risk more - 10 - 20% is a good figure to aim at.
The above forex trading strategy focuses on making money nothing else and will cut the time you spend forex trading. Furthermore it's based on a breakout methodology which is simple to learn, easy to apply and is discussed in the next article in this series.

What is the Forex Market and How is it Different?

2007-09-19T22:37:00.000-07:00

What is Forex?

The foreign exchange market, often referred to as forex, is the market for the various currencies of the world. It is a market which, at its core, is rooted in global trade. Goods and services are exchanged 24 hours a day all over the world. Those transactions done across national borders require payments in non-domestic currencies.

For example, a US company purchases widgets from a Mexican company. To do the transaction, one of two things is going to happen. The US firm may, depending on the contract terms, make payment in Mexican Pesos. That would require a conversion of Dollars in to Pesos to make payment. Alternately, the payment could be made in Dollars, in which case the Mexican company would then exchange the Dollars for Pesos on their end. Either way, there is going to be some transaction which takes Dollars and swaps them for Pesos.

That is where the forex market comes in. Transactions like that take place all the time. The market maintains a rate of exchange between the US Dollar and the Mexican Peso (and between and amongst all other world currencies) to facilitate that activity. Consider the amount of global trade which takes place and you can see why the forex market is the biggest in the world, dwarfing all others. Literally trillions of dollars worth of forex transactions take place each and every day.

How is the Forex Market Different?

There are some significant differences between the forex market and others like the stock market. While it may be the feeling that a good trader should be able to handle any market, the fact of the matter is that some structural differences in forex can require a different trading approach.

Time
For most stock traders, the first difference they will notice between the forex market and equities is timeframe. Although the hours of stock trading have been expanding in recent years, the forex market is still the only one which can truly be viewed as 24-hour. There is ready forex trading activity in all time zones during the week, and sometimes even on the weekends as well. Other markets may in fact transact 24-hours, but the volume outside their primary trading day is thin and inconsistent.

No Exchanges
The lack of an exchange is probably the next big thing that sticks out as being different in forex. While it is true that there is exchange-based forex trading in the form of futures, the primary trading takes place over-the-counter via the spot market. There is no NYSE of forex.

On the largest scale, forex transactions are done in what is referred to as the inter-bank market. That literally means banks trading with each other on behalf of their customers. Larger speculators also operate in the inter-bank market where they can execute multi-million dollar trades with ease. Individual traders, who generally trade in much smaller sizes, primarily do so through brokers and dealers.

This is something which can trouble stock traders. There is no central location for price data, and no real volume information is attainable. Since volume is an often reported figure in the stock market, the lack of it in spot forex trading is something which takes a bit of getting used to for those making the switch.

Transaction Processing
Also, the lack of an exchange means a difference in how trading is actually done. In the stock market an order is submitted to a broker who facilitates the trade with another broker/dealer (over-the-counter) or through an exchange. In spot forex much of the trading done by individuals is actually executed directly with their broker/dealer. That means the broker takes the other side of the trade. This is not always the case, but is the most common approach.

Transaction Costs
The lack of an exchange and the direct trade with the broker creates another difference between stock and forex trading. In the stock market brokers will generally charge a commission for each buy and sell transaction you do. In forex, though, most brokers do not charge any commissions. Since they are taking the other side of all the customer trades, they profit by making the spread between the bid and offer prices.

Some traders do not like the structure of the spot forex market. They are not comfortable with their broker being on the other side of their trades as they feel it presents a type of conflict of interest. They also question the safety of their funds and the lack of overall regulation. There are some worthwhile concerns, certainly, but the fact of the matter is that the majority of forex brokers are very reliable and ethical. Those that are not don't stay in business very long.

Margin Trading
The forex market is a 100% margin-based market. This is a familiar thing for those used to trading futures.

In fact, spot forex trading is essentially trading a 2-day forward (futures) contract. You do not take actual possession of any currency, but rather have a theoretical agreement to do so in the future. That puts you in a position of benefiting from prices changes. For that your broker requires a deposit on your trades to provide surety against any losses you may incur. How much of a deposit can vary. Some brokers will asked for as little as 1/2%. That is fairly aggressive, though. Expect 1%-2% on the value of the position in most cases.

Now, unlike the stock market, margin trading does not mean margin loans. Your broker will not be lending you money to buy securities (at least not the way a stock broker does). As such, there is no margin interest charged. In fact, since you are the one putting money on deposit with your broker, you may earn interest in your margin funds.

Interest Rate Carry (Rollover)
When trading forex, one is essentially borrowing one currency, converting it in to another, and depositing it. This is all done on an overnight basis, so the trader is paying the overnight interest rate on the borrowed currency and at the same time earning the overnight rate on the currency being held. This means the trader is either paying out or receiving interest on their position, depending on whether the interest rate differential is for or against them.

This is commonly handled is what is referred to as a rollover. Spot forex trades are done on a trading day basis, and as such are technically closed out at the end of each day. If you are holding your position longer than that, your broker rolls you forward in to a new position for the next trading day. This is generally done transparently, but it does mean that at the end of each day you will either pay or receive the interest differential on your position.

The type of trader you are and the way your broker handles rollover will be the deciding factors in determining whether the interest rate differentials are an important concern for you. Some brokers will not apply the day's interest differential value on positions closed out during the trading day. By that I mean if you were to enter a position at 10am and exit at 2pm, no interest would come in to play. If you were to open a position on Monday and close it on Tuesday, though, you would have the interest for Monday applied (the full day regardless of when you entered the position), but nothing for Tuesday. (Note: There is at least one broker who calculates interest on a continuous basis, so you will always make or pay the interest differential on all positions, no matter when you put them on or took them off).

It should also be noted that although some folks will claim there is no rollover in forex futures, the interest rate spread is definitely factored in. You can see this when comparing the futures prices with the spot market rates. As the futures contracts approach their delivery date their prices will converge with the spot rate so that the holders will pay or receive the differential just as if they had been in a spot position.

Intervention
Fixed income traders know that central bankers, like the Federal Reserve, are active in the markets, buying and selling securities to influence prices, and thereby interest rates. This is not something which happens in stocks, but it does in the forex markets. This is known as intervention. It happens when a central bank or other national monetary authority buys or sells currency in the market with the objective of influencing exchange rates.

Intervention is most often seen at times when exchange rates get a bit out of hand, either falling or rising too rapidly. At those times, central banks may step in to try to nullify the trend. Sometimes it works. Sometimes not.

The US has traditionally taken a hands-off approach when it comes to the value of the Dollar, preferring to allow the markets to do their thing. Others are not quite so willing to let speculators determine their currency's value. The Bank of Japan has the most active track record in that regard.

Getting Started Trading Forex

2007-09-19T22:36:00.000-07:00

Terminology and Market Conventions

If you are going to trade forex you need to understand the terms and quoting conventions used, especially in regards to the spot market.

Notational Conventions
The forex market uses 3-letter codes for all currencies. These are commonly known as SWIFT or ISO codes. For example, USD is the code for the US Dollar. Here are the codes for the other primary currencies:

AUD: Australian Dollar
CAD: Canadian Dollar
CHF: Swiss Franc
EUR: European Euro
GBP: British Pound
JPY: Japanese Yen
( For a complete listing of all currency SWIFT codes, click here. )

Expressing a relational value between two currencies is done by combining two currency abbreviations in the fashion of XXX/YYY. This indicates the amount of YYY currency (the “quote” currency) equivalent to one unit of XXX (”base” currency). For example if the exchange rate for USD/JPY - the US Dollar to Japanese Yen rate - was 100 it would mean that each USD is worth 100 JPY.

Using this convention, changes up or down in the quoted exchange rate indicate changes up or down in the value of the base currency. Using the USD/JPY example again, if the rate went from 100 to 101 it would mean a 1% increase in the value of the USD against the JPY. Similarly, a decline from 100 to 99 would represent a 1% fall in the USD value vs. the JPY.

In theory, one could quote the exchange rates either way around - meaning if USD/JPY is 100 it is the same as saying JPY/USD is 0.01 (one JPY is worth $0.01). In practice, however, the forex market has specific conventions for the traded pairs. In most cases, USD is the base currency, with the other currency in question being the quote currency. USD/JPY is an example.

There are a few exceptions, though. When it was introduced in 1999, the market authorities decided the Euro would always be the base currency in all traded pairs. Before that, the Pound (GBP) held that distinction. Thus, when traded against either of those, the USD is the quote currency (EUR/USD, GBP/USD). The same also holds for former British Commonwealth currencies the Australian Dollar (AUD/USD) and the New Zealand Dollar (NZD/USD).

It is worth noting that forex futures contracts involving currencies as quoted against the US Dollar do not hold to the spot market convention. Instead they all use the USD as the quote currency.

Majors and Crosses
In the forex you will here the terms “majors” and “crosses” when traders refer to different categories of currency pairs. In general terms, the “majors” are the pairs which include the USD quoted against the other primary industrialized currencies. Those include the ones listed above. So the majors are as follows:

AUD/USD
EUR/USD
GBP/USD
USD/CAD
USD/CHF
USD/JPY

While technically every currency pairing is a cross-rate, the term “cross” is most commonly used to refer to currency pairings which do not include the USD. For example, EUR/JPY is the Euro-Yen exchange rate. That would be considered a cross.

Forex Price Quotes
With an understanding of what we are looking at, now we can turn out focus to the actual price quotes. The graphic shows a sample table of quotes for an array of currency pairs - majors and crosses.

One thing you will notice in the table is that some pairs are quoted to four decimal places, while others only go out two places. In general terms, those pairs with values of about 10 or less will go out to four places, while those with higher values will be quoted only at two places.

Regardless of how many decimal places a currency pair is quote to, though, the term “pip” is used to define a single price movement value. So, for a two decimal place pair, a pip would be .01, while for a four decimal place pair a pip would be .0001.

We can see this in the quotes on the chart, especially when looking at the bid/offer spreads. AUD/JPY is quoted at 79.60-79.64, which is a 4 pip spread, while AUD/USD is quoted 0.7648-0.7650 for a 2 pip spread.

In recent times there has been introduced the “pipette”, which is a fraction of a pip. In essence, some of the more popular pairs like EUR/USD are trading at five decimal places now, which is why you can see a spread of 1.5 listed on the chart (column to the right of the price quote itself). That means the bid-offer spread is 1 and 5/10 pips.

One will sometimes here the term “figure” in spot forex trading. That is used to refer to a price level which is a round 100 pip figure. In USD/JPY that would be a multiple of 1 full JPY (such as 104), while in GBP/USD the figure would be a $0.01 multiple (like 1.8800).

The term “yard” sometimes comes up as well. That is used to refer to a one billion base currency transaction. So a yard of USD/JPY would be $1 billion.

Getting in to the Trading

Opening an Account
It is quite easy to start trading forex. There are a great many forex brokers available and opening an account is pretty straightforward. Some things you should consider as you look to identify the one best suited to you are:

Account minimum deposit (if any)
Transaction size flexibility
Spreads
Execution
Commissions (if any)
Security of deposited funds
Allowable leverage
Currency pairs available for trading
Usability of the trading platform

The great thing is that nowadays the vast majority of brokers have available demo trading platforms you can use to evaluate their system. Be sure, though, to make note of any differences there are between the real platform and the demo one. Some brokers’ platforms are both the same across the board, but some have noticeable differences in things like execution speeds. It wouldn’t hurt to check around the discussion boards to see what others are saying.

Actually, if you are new to forex trading it is well worth it to spend a while trading via a demo platform first. It will help you develop and understanding of how it all works. That way, when you do go live, you will be more confident and ready for action.

Making Trades
Forex market trading is really little different from an execution perspective than most other markets. You can buy or sell. In most cases, the same types of orders (stops, limits, etc.) are available. The trading platforms are very modern and trades can be done very quickly. Anyone who has ever used an online trading platform for any other market will have no trouble making the move to forex and executing trades with ease. For that matter, even those new to trading will find entering and exiting forex positions a breeze.

Understanding the value of trade

2007-09-19T22:33:00.000-07:00

I got in to a discussion a little while back with someone who is quite a bit further to the left on the social/political spectrum than I am. The topic was that of trade. The point I was trying to make was that trade benefits everyone, but I made the mistake of phrasing it “trade increases wealth”. Mentioning the term wealth caused an unfortunate turn in the discussion. I found myself trying to bring it back, but instead faced the topic of whether wealth (defined by this person as having more than you need) was bad.

Later I realized that in place of the word wealth I should have instead used “utility”, which is definitely a classic term from Economics. You can think of it as usefulness. So restated, trade increases utility among those who trade.

Here’s an example. We have a Farmer and a Cobbler. For those who are too young to know, a cobbler is someone who makes shoes. Let’s say Farmer grows carrots. Now Farmer can only eat so many carrots and Cobbler can only wear so many pairs of shoes. In other words, they have very low utility (usefulness) for any extra they produce. If we quantify things it might look like this.

Farmer
Pounds of Carrots: 1-5 Utility: 10/lb
Pounds of Carrots: 6-7 Utility: 1/lb
Pounds of Carrots: 8+ Utility: 0/lb

Cobbler
Pairs of Shoes: 1-5 Utility: 10/pr
Pairs of Shoes: 6-7 Utility: 1/pr
Pairs of Shoes: 8+ Utility: 0/pr

Let’s assume that the Farmer produces 6 pounds of carrots and the Cobbler makes 6 pairs of shoes. If you add up the figures, each ends up with a total utility score of 51 (5 x 10 + 1 x 1 = 51).

Now if we assume that Farmer and Cobbler have the same utility values for each other’s products (1 pair of shoes has a utility of 10 for Farmer and 1 pound of carrot has a utility of 10 for Cobbler) we can see how each benefits through trade. Look at what happens when Farmer gives Cobbler a pound of carrots in exchange for a pair of shoes.

Farmer: 5 lbs of Carrots + 1 pair of Shoes = 60 utility (5 x 10 + 1 x 10)

Cobbler: 5 pairs of Shoes + 1 lb of Carrots = 60 utility (5 x 10 + 1 x 10)

Notice how both Farmer and Cobbler now have a higher total utility than they had before the trade.

Trade is all about increasing utility among the parties involved. The Farmer/Cobbler example is obviously very simple. Even so, it makes the point.

Most trade these days has money on one side of the transaction. Money itself has little or no utility. After all, the electronic balance in your checking account isn’t something you can eat or wear. It does, though, represent the ability to acquire utility by exchanging it for things like food or clothing. Certainly, that adds a layer of complexity to trade in that the value of a currency is subject to change (which is why inflation is such a scary thing), but it helps to facilitate a level of trade that would not be possible otherwise.

International trade may be complicated by political issues, but the same basic idea as the Farmer/Cobbler example applies. Countries specialize in similar, if broader, ways as people. Some have access to physical resources like oil. Others have ample labor forces. They exchange what they have in surplus with each other and thereby improve everyone’s situation. That is why free trade is such a key part of global economic health and why protectionist and isolationist policies can be significant hindrances to that.

Online Forex Trading

2007-09-18T06:26:00.000-07:00

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

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

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

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

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

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

FOREX Software: A Critical Element for Success

2007-09-18T06:22:00.000-07:00

In most cases when you sign up with a FOREX broker they will provide you with software to execute transactions as well as get market information. Since online trading has been around for quite some time now, the brokers have a pretty solid understanding of what the traders need from trading software. There are two primary classifications of software provided by the brokers; web based and client based.

One of the mandatory services needed by all FOREX software is real time market updates. Since the FOREX market is so fast paced and volatile traders must have data that is accurate to a few seconds to make decisions on when to enter and exit their positions. All brokers make claims that their software will remain updated with a minimum of delay but the reality is that there are a variety of factors that can delay the software displaying updated information.

The users internet connection speed as well as their geographical distance from the broker are probably the two primary issues that can affect the update time. If you wish to be successful trading FOREX it is highly recommended that you have a high speed internet connection and a fairly up to date computer. You might also consider selecting a broker relatively close to you; if you are trading from the US you might want to avoid a broker based out of Australia. During times of extreme market volatility this distance could cause a delay significant enough to cause issues with your trades.

Forex Trading - What Makes Forex Traders Successful?

2007-09-18T06:19:00.000-07:00

Forex trading can be a good fit, but it’s not for everyone. You have to take many things into account, and of course, you always risk losing money. If this isn’t for you, don’t worry. A lot of people aren’t cut out for it. However, if you are considering jumping into forex trading, read on. Following are some traits that successful traders share.

Forex trading can be a good fit, but it’s not for everyone. You have to take many things into account, and of course, you always risk losing money. If this isn’t for you, don’t worry. A lot of people aren’t cut out for it. However, if you are considering jumping into forex trading, read on. Following are some traits that successful traders share. If this is you, you just might be a success. If not, perhaps forex trading is not for you.

You have to have discipline. Successful forex traders work on establishing their own trading system and then keep with it. They do not try to "trade on the fly" or do hit or miss trading.

You have to be able to accept risk. Although many will tell you that forex trading is not particularly risky, this is not really true. Just like any type of trading, you can lose money. You have to be willing to accept that this might happen to you.

Be willing to fail. Even the best forex traders lose money sometimes on some of their trades. This happens to everyone and is simply the nature of forex trading itself. However, unlike the average forex trader, successful forex traders don’t focus on failing. They accept what has happened, learn from it what they can, and then move on to the next trade.

Have confidence. To be a successful forex trader, you have to be competent in your knowledge and in your ability to make trades that succeed. Don’t doubt or second-guess your trades.

Have patience. If you’re smart, you’ll follow your system and wait for a good opportunity to present itself. You don’t have to have your positions open at all time. You can go a day or two without any trades being made at all. Don’t trade just because you think you need to. If you think this way, you’re likely to make many more mistakes than you have to and many more bad trades than you need to.

Know when you should get out. As with any successful trading, you don’t just need to know when to get in, but you need to know when to get out as well. Many traders have gotten greedy and wanted to stay in a trade too long; when they do this, their profits can be wiped out by a sudden trend downward. When you’ve got your trading system established, listen to it. It will tell you when to get out.

Know what your financial limitations are. Don’t over-leverage yourself. Don’t trade with money you can’t afford to lose. If you trade with the mortgage money for next month, you’re in trouble. You risk losing everything you have and ending up on the street. Make sure you only trade with money that you can afford to lose. It’s okay to start small, with just a few hundred dollars if you need to. Don’t risk losing more than you can afford to.

Forex Education Tip - Stops

2007-09-14T10:31:00.000-07:00

Let me just give you a quick tip about setting stop losses.

I once took a class where I was instructucted to place my stop loss 30 pips below my entry. Why 30 pips I asked? I was told it was an "acceptable" risk. Based on what? I see a lot ot traders basing their risk management strategy on some pre-defined pip value risk without any consideration for support and resistance.

Don't do this!

Like I say - trading Forex is a process and setting your stops is a key component. Your stop should be placed near support and/or resistance based on the charts and not some pre-defined pip value. Caution: stay away from the herd!

Simply:

1. Locate support and/or resistance for your stop
2. Calculate your target to determine a reward-to-risk ratio
3. Determine whether you can afford the trade
4. If all systems are a go then pull the trigger

Setting a pre-defined stop makes no sense if all you can guarantee is to get stop out of your trade and have it eventually go in your direction. Let the market tell you where to protect your trade and when to take profits. This is why 2 traders can look at the same charts, establish the same trade and one trader pull the trigger an the other traders pass.

Follow YOUR trading plan and begin to take your trading to new heights. Your Forex Education is the path to true Forex profits!

Happy Trading!!

Forex can make you financially free

2007-09-14T00:47:00.000-07:00

FOREX Trading

The Most Lucrative Part-time Job or Home Based Business Ever

The Forex market is relatively new when compared to the traditional
stock market. The Forex or Foreign Exchange Currency Market was open to the public in 1998. In a year it will be a decade old. This is one
of the major reasons most people do not know about the Forex.
The first reason why you should take a closer look at the
opportunities in the forex market is because of its liquidity
estimated at $2 trillion daily. The other reason is that it is
traded 24 hours of the day and 6 days in a week and participation is
open to all, from individuals like you and me to very large financial
institutions.

With the economic situation of our day worldwide, where there are no
more job guarantees it is not unusual to wake up one morning and find
oneself jobless. In such times, there is an increasing need for a lucrative part-time job or home based business. This is something that you can had absolute control over.

There are of course a multitude of money making opportunities out
there, but to be factual, it is very difficult to find a real
opportunity which will allow you to make a living from your home
computer. Even when you do, you would have to spend hours
doing market research and invest large sums of money to bring it to
fruition. That is if you have not gotten involved in a scam project.
Most of the opportunities on the web today, even if you make big
profits, may be held by someone else. In other words, when you
participate in those turnkey businesses, you do not have control.

In addition to all the "fire your boss today" opportunities, there is
a program on CNBC called Mad Money that seems to begetting to the
masses and unknowing students to invest in the stock market. In
reality this is a very expensive experiment especially for student
that do not have a lot of capital. Buying a Goggle stock for $400.00
a piece is very expensive given that your capital can be wiped out if
the stock goes against you by 100 points. That money could be better
invested in the Forex positions (trades).

The forex market which is also called FX is not really as difficult
as it seems. There is not that much technical vocabulary to learn,
and the risk is considerably low, if you compare it to the other
markets. If we assume that you have 40% loosing trades, you still
have 10 trades left to bring you profit.
The fact that part time job and home businesses seekers should really
consider is that you can choose when to trade, how much to trade and
where you want to trade; all you need is an Internet connection, and
you are ready to tap in the biggest market of the world with $ 2
trillion activity everyday in the same way banks and large corporation do.

Contrary to the trading of stocks, you do not have to start with a
$1000.00 capital. You can start with as little as $250.00.
When you trade a mini lot (10,000 units) of e.g. GBPUSD currency pair
your entry ticket costs $28.00. So when the pair goes your way 1
point, you are $1.00 in profit and vice versa.
You can also trade lesser trading units and you can trade for as
little as $1.00. It is therefore possible to turn a $28.00 investment
to a profit of $100.00 in 24 hours if the currency moves in your
direction 103 points. Imagine been able to do this 2 times a week. In
a good week, this pair moves an average of 400 points.

The Forex market is not a get rich quick scheme it is easy to learn
and understand. It is also easy to make money in the forex if you let
someone dedicated to your success teach you.

Mercedes made more money with FOREX trading than with car manufacturing this year. It is a good way to make $100(0) a day.

Trade without money for 3-6 months on paper, than when you learn

start trading real money. Dont be greedy. 10-20 pips a day is enough.

Start with $250 and build it up to thousands slowly. When you

become a successful trader, you can live anywhere on the planet,

and never have to be dependent on a JOB (Just Over Broke).

1.
Download Metatrader 4 from:

http://www.interbankfx.com/

WHEN YOU FOLLOW THE RULES, YOU WILL MAKE MONEY !
YOU CAN QUIT YOUR JOB NEXT YEAR ...
90 % OF NEWCOMERS FAIL BECAUSE OF GREED, SAME AS IN LAS VEGAS ...

Read and study the whole thread.

20 pips = $20 a day
20 pips = $200 a day
20 pips = $2000 a day

George Soros from Hungary come to this country and made billions on Forex. In one single day he made 1 billion ... really the sky is the limit ...

2.Here is the thread:

http://fxovereasy.50webs.com/Home.html

Let me known your results. This is my gift for you all.

Some traders searched for years unsuccessfully for this gift.

You can learn this on your own in few days.

I am artist and a philosopher with no talent for numbers. But you

dont need any talent for this, just follow the rules.

Dalibor

http://www.myspace.com/dalibor777

++++++++++++++++++++++++++++++++++++++++++

Here is the detailed description of how to install this system
in to your Metatrader:

First down load Metatrader 4 or Strategybuilder FX MT4 (there is a downloads link at the top of the page on this forum. My understanding is that the Metatrader 4 and Strategybuilderfx 4 are the identical. Once it is downloaded then double click to open it and make sure it is operational...then close it down.

Now go to http://fxovereasy.50webs.com/Home.html click on "Indicator downloads" which will open up the list of indicators.
If you left click on the top one (SHI Channels) you will probably get text. So right click on it and you'll get a drop down window...click on "Save target as..." (I found that sometimes when I did the right click first I would not get the window that contained "Save target as" so I found that I had to left click first...then click back and then right click), now you will see a "Save as" window.
In the "Save in" window at the top you want it to read "Local Disk (C). Here is how you can get it to say that without typing it in... click on the arrow at the right side of the upper box. You will now see a drop down window...in it you will see "Local Disk (C)". Click or double click on it and it should then open up it the "Save In" box at the top. Now in the contents below you will see "Program Files". Click or double on it and "Program Files will now be in the "Save in" box (Ifound that if I clicked on the little file folder to the left of the text, it opened easier). Below you'll find "Strategybuilderfx 4 or Metrader 4". Click or double click on it and "Strategybuilderfx4 or Metatrador 4 will now be in the "Save in" box above with it's contents showing below. Find "experts" below, click or double click on it and "experts with appear in the "Save in" box above. Now you will find "indicators", on which you will click or double click and "indicators" will now appear in the "Save in" box above with nothing in the large area below.
Down at the bottom right corner click on "Save"...now you are finished downloading that indicator.
Now go back to the ForexOvereasy indicator download page and download the next indicator. You should find that when you click on "Save target as" it will take you directly to the last step, with "Indicators" already in the "Save in" box, so all you have to do is click on "Save" and its finished and you're ready to download the next indicator. Don't forget to go back to the home page and download the "New Stuff".

Now that your indicators are all downloaded, go ahead and open your "Strategybuilderfx4/ Metratrader 4.
On the left side under "Navigator" click on the + next to "Custom Indicators" which should open up and show you lots of indicators which include the ones you just downloaded. Right click on an indicator and then click on "Attach to chart". Do the same with all the indicators that you want to add...and you should be ready to go.
You can switch the chart over to candlestick by clicking on the candlestick indicator at the top just to the right of center. I suggest you do this first.
I find this tradestation a little difficult to use but that may be because I'm not used to it. It has lots of features.
If you find that you want to delete an indicator, just right click on it and click on the "Delete indicator" line. (Some of the charts may already have some indicators installed that you may not want.)
I have some charts where the candles are very close together and some that are just right...and I haven't figured out the remedy.

Here is the chat thread, but dont complicate a great system, which cant be automated:

http://www.strategybuilderfx.com/showthread.php?t=15112

On this one page you have it all. If you follow the rules, and control your greed, you will become independently wealthy with this system. You are extremely blessed to read this page, as millions of new traders gave up from a lack of a good system. Many professional trader millionaires said, that this is the best system and if you cant work with this system, FOREX is not for you!

See this chart how I made 50 pips (it could be $50 at start, $500 or $5000 every day) :

http://img389.imageshack.us/img389/4428/usdchfii1.jpg

*************************************************

I see most people trying to make a system that should generate 1000 pips or 2000 pips per month, and try to enter every possible move. But the fact is, if you want to make $18 million in 5 years, all you need is discipline and 100 pips per month. Don't believe me? Read on....

Assuming that there are 20 trading days a month, 100 pips would be an average of 5 pips per day. It doesnt matter if you do day trading or positional, if you do 1 trade or 100 trades, all you need is a system that can consistently make 100 pips for you every month.

RULES:
1) You need a system that can make 100 pips consistently every month per lot.

2) Opening balance would be $500

3) Trade is done only in mini lots

4) 0.1 lot is allowed for every $500 balance. So if you have $1000 you can trade 0.2 lots and if you have $5000 you can trade 1.0 lots and so on.

5) Emotions like greed, fear and hope have to be barred out.

6) Once you made 100 pips in a particular month, you do not have to trade till the month is over. So if you make 100 pips in 2 days, you can quit for the entire month.

RESULTS:
After 12 months you will have $3,100
After 24 months you will have $26,000
After 36 months you will have $230,100
After 48 months you will have $2,050,300
After 60 months you will have $18,278,700

Suprised ?
So maybe you'd say no system can make 100 pips consistenly per month. OK, lets say if you were right. Would you agree with me that its comparatively easier to make 10 pips per month? Even if you target 10 pips per month, you would yet end up with $1.8m in 5 years using the same methodology.
Trading is like painting a canvas, you should step back and try to look at the bigger picture than a trade or a single day alone. It is so true.

So get rid of your greed and trade with nothing but common sense. Plz see the attachment for the break up of gains per month.

http://www.traderology.com/forums/index.php?act=Attach&type=post&id=3

God bless you all and I wish you a happy new lifestyle ...