forex make money

How to Save $5000 on Forex Trading Training and Get it Free

2010-01-18T01:33:00.004-08:00

Fibonacci Forex Trading

2010-01-18T01:33:00.003-08:00

Elliott Wave Forex Trading: It's Not The News That Matters

2010-01-18T01:33:00.001-08:00

Elliot Wave Theory

2010-01-18T01:32:00.003-08:00

Market Meltdown - An Elliott Wave Look at Subprime Sentiment

Technical Analysis Indicator MACD

2010-01-18T01:32:00.001-08:00

This Video Explain How to Using MACD PART 1 PART 2

Candlestick Patterns

2010-01-18T01:31:00.002-08:00

How to Adopt the Traits of a Successful Trader

2010-01-18T01:31:00.001-08:00

Hey Traders,

Here's a post by Heather Johnson that will serve you well in your trading – Enjoy!

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Not all Forex traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:

1. Become a lifelong student – Never stop learning about the business you are in. If you think you know everything about the Forex market, then think again. The successful trader is a lifelong student who constantly absorbs new information about the ever-evolving climate of Forex trading.

2. Be courageous – It's hard to overcome your fears when you are dealing with an unpredictable investment. Even if you are equipped with extensive knowledge about the market, you still have to put your money at risk every day. Reserve a small amount of apprehension (just enough to keep you sensible), but don't hesitate at every turn.

3. Hone your math skills – You are wading through a sea of mathematical information every day when you look over your charts. The most successful traders know how to take that large amount of information and pull out necessary information.

4. Be patient – Become a long-term investor and put all notions of overnight success to rest. You must adopt a stoic attitude, as you make the most informed decisions about your business and leave the rest to fate.

5. Learn to love trading – Maybe you already do love trading and that's why you are involved with Forex. However, many people are either too wrought with anxiety to enjoy it or merely see it as a job. If you don't like trading, don't trade. A great trader will love the roller coaster ride he/she is on.

Are the above suggestions obvious? Perhaps, but many of us take a wrong turn somewhere and need some simple advice to get us back on track. In order to stay on top of your game, you will need to constantly reinvent yourself, as there is no world that calls for flexibility more than the Forex market.

Article From ForexJourney.com

Why Most Traders Lose Money and The Solution

2010-01-18T01:30:00.002-08:00

Watch This Video and enjoy

FOREX Training | FOREX Trading | FOREX Video

2010-01-18T01:30:00.001-08:00

How To Choose A FOREX Broker ?

2010-01-18T01:29:00.001-08:00

by: Mark Freeman

Most investors who trade FOREX stocks use a broker. A broker is an individual or a company, who buys and sells stocks according to the investor's wishes. Brokers earn money by collecting commissions or fees for their services. You should check that a broker is registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud or abusive trade practices. A FOREX broker also needs to be associated with a financial institution, such as a bank in order to provide funds for margin trading. Picking the right FOREX broker for you will take some work on your part. There are brokers who charge a flat fee and some that charge commission. It may be a good idea to talk with friends and business associates about their brokers. You may get some good leads, and you're certain to hear who to stay away from. There is nothing like word of mouth advertising. If you are thinking of investing online, you could choose several online brokers and contact their help desks. Seeing how quickly they respond to your questions could be key in how they will respond to their customers needs. If you don't get a speedy reply and a satisfactory answer to your question you certainly wouldn't want to trust them with your business. Just be aware that as in other types of businesses, pre sales service might be better than after sales service. Before you choose an online broker get a copy of their online demo account. What features are included? Is the software reliable? Does it offer automatic trading? Are there extra software features that cost more? Before setting up an account with a FOREX broker you will need to do further investigation. How quickly will these brokers execute your buy/sell orders? What is their policy on slippage? What are the transaction fees? What is the spread, fixed or variable? What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts? Don't forget to ask about minimum account balances and interest payments on account balances. Make sure that your funds will be insured.

FOREX Trading Strategies.

2010-01-18T01:28:00.000-08:00

by: Gay RedmileFOREX Trading Strategies by: Gay Redmile The world of trading and investment can be as frustrating as it can be rewarding! And FOREX (Foreign Exchange) is no exception - often described as risky, profitable and complicated.Forex is the largest trading market in the world. Forex is the worldwide market for buying and selling currencies.These markets were developed to cater for the supply and demand of different currencies by governments, companies and individuals - for international trade and assisting importers and exporters.Therefore those who trade in this market include consumers, businesses, investors, speculators and the banking industry.Different countries use different currencies - which vary in their values against each other. Forex trading invovles the buying and selling of two currencies - trading pairs - you are selling one and buying another eg you may use the US dollar to purchase British pounds - if the supply of the pound lessens - it will cost more dollars to buy pounds - the Forex trader hopes to sell their pounds at a higher price than the purchase price. A speculator in Forex is someone who accepts the possibility of adverse exchange-rate movements in the hope of making a profit from favourable movements in currency. As a speculator you should always start trading with a small amount and have a trading system - which tells you when to get in and out of the market. It is a favourite option for currency traders as you can trade the Forex market 24 hours per day and the transaction costs are minimal. This market - because of its sheer size - is hard to be manipulated - which stocks can be - it is more likely to be influenced by global news or events. Hence, the opportunity for 'insider trading' is eliminated. However - beware -Forex brokers estimate that 90% of traders lose their money; 5% break even and only 5% achieve profitable results!

How Forex Trading Works

2010-01-18T01:27:00.000-08:00

Currency trading is mainly about buy and sell activities. Currencies are traded on a price interest point (normally called pip) system. Every currency pair has their own pip value. The objective of a trader is to hold as many profitable pips as possible. Some pip values are fixed, but some can fluctuate depends on the currency gain or loses strength. Normally I trade by using margin trading, where small deposit is required to control much larger amount in the market. Here I will use 1 percent margin deposit so that $1000 control $100,000 of trade currency. $100,000 is the notional amount. Let me shows some major currency pair with the currency exchange rate and the pip values.

For GBP/USD, 1 pip movement can be from 1.7203 to 1.7204. That means from 1.7102 to 1.7202, it should be 100 pip movement. Lets look for another example, USD/JPY, 1 pip movement is from 117.82 to 117.83 and 100 pips movement is from 117.83 to 118.83.

Foreign Exchange Calculation

Below will show you how to calculate pip values. Formula is (1 pip value/currency exchange rate) x (Notional Amount) For GBP/USD, 1 pip value is 0.0001. Assume currency exchange rate is 1.7204. Notional Amount is GBP 100,000. Therefore, (0.0001/1.7204) x GBP 100,000 = GBP 0.58 If we want to convert back to USD, then GBP 0.58 x 1.7204 and we will get $1 For EUR/JPY, 1 pip value is 0.01 . Assume currency exchange rate is 138.96. Notional Amount is EUR100,000 . EUR/USD=1.1789 Therefore, (0.01/138.96)x EUR 100,000 = EUR 7.20 If we want to convert back to USD, then EUR 7.20 x 1.1789= USD8.49

Free Indicator

2008-03-11T08:20:00.001-07:00