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Thursday, December 31, 2009

Learning to trade Forex online for beginners

Welcome to Beginner Online Forex Trading. This site provides tips and techniques for beginning Forex traders in order to trade successfully. If you have questions not covered in Beginner Online Forex Trading please feel free to leave a comment.

Beginners guide to online Forex trading

The purpose of this post is to introduce new forex traders to the reality of currency trading. I want to get something out of the way right now. Forex will not make you rich over night! So you can stop wasting your hard earned money on ebooks and software that promise to make you a forex millionaire. The only people getting rich off of these forex products are the one's who are selling them.Now, forex trading should be looked at as a business, and like any other business, it takes time to learn. Also remember that you never stop learning. Market conditions change, especially in forex, and as they do so will you. Forex trading can be very profitable if you put the time in to learn it correctly, and find good resources to help you along the way. All of the information that you need to trade forex profitably is free, and by not looking for it and actually trying to learn it, you are adding an unbelievable amount of time to your learning curve.The one question that always comes up when talking about forex is, "How much money can I make?" I don't know what your forex account size looks like but you should be able to easily clear 5 to 10% per month if you know what you are doing. You heard right, forex returns can reach 5 to 10%, and there are some traders who make more than this with forex. This is why so many people are drawn to forex trading. This is also why so many fail. You have probably heard that 95% of forex traders lose there money, and the reason is they come in with dollar signs in their eyes and are under the impression that forex is easy. It's NOT! Don't get me wrong, forex can be "easy" once you know what you're doing. Until then spend your time learning forex and saving your money. Every trade that you don't take until you know what you're doing should be considered money made. Trust me, if you had traded it, you would be broke! I will continue with more forex insight in my next post but until then, please be smart with your money.

Sunday, December 27, 2009

Forex Trading Systems

The first thing to do before you start your trading career is to develop a forex trading system. All you need to do is Google forex trading systems and you will be bombarded with every trading system under the sun, for a price of course. You will realize in time that the trading system you use depends on what kind of trader you are going to be.Huh? There are many different ways to trade the forex market, which is best is open for debate, but more often than not a trading system is going to depend on things like your personality, the amount of time you have to trade, and what kind of returns you are looking for. Let me explain, you may work ten hours a day and don't have a lot of extra time. In this case you are probably going to need a trading system that requires you to check the charts once a day, make a decision, and make your trade. On the other side, you may have all the time you need and you love always having a position in the market. You could get away with watching your charts and placing trades all day if you like. This kind of trading system when you first start out is a sure fire way to blow an account. The point I'm trying to make is that during your research into different trading tools make sure you take into consideration what forex trading system is going to fit you.Another thing to keep in mind when deciding on a trading system is to understand that just because a trading system seems too simple doesn't mean it doesn't work. I have found that the more indicators that I have on my charts actually hide what the market is trying to tell me. So try and understand what each tool does and how you can use that to your advantage. Watch your charts for a while and see if you notice any patterns. (I will get into this in another post) The technical analysis tools and theories used to create forex trading systems are no different from tools used to trade any other market. Don't be fooled by gimmicks selling you a new forex trading system. None of this is new! If you find a successful trader you will usually find they trade simple systems using tools and theories they learned 20 years ago. That should tell you something.I hope that everyone reading this will take some of this to heart. Trading the forex market can be very lucrative if you take your time to develop the best forex trading system for you. Most don't and they really cost themselves by doing this. So until next time, do some research and try to decide what kind of forex system is right for you.

Forex Trading Tools

In my last post I touched briefly on forex trading tools. I would like to go into more detail about how to use some of these and maybe answer some questions that many new traders have. The very first thing for everyone to understand is that forex trading tools and indicators are two very different things. I don't want to insult anyone but when you're new to forex some of this can be very confusing.A forex indicator could be classified as a tool to some degree because you are using it to help you make decisions in the market. I don't place too much weight on indicators because they are lagging by nature. What I mean by that is they actually calculate past data with complicated formulas in an attempt to "predict" where the forex market will go next. To me this is not a forex trading tool because I can see what the market has already done. I'm more interested in where it's going.Forex trading tools on the other hand have much better predictive value and can be used to not only enter the market exactly where you want, but also gives you an idea as to where to exit. Examples of forex trading tools are trend lines, support and resistance, and Fibonacci. These forex trading tools are used by some of the best traders in the world, and if you do not have them on your charts you should do so as soon as possible. There are many different strategies that traders use these forex trading tools for and many are successful. I would recommend everyone do research on all of these forex trading tools and see if you can develop a strategy that works well. I will go into more detail at a latter time. I hope to break down each forex trading tool and go into detail about some of the different ways they are used. So for now visit as many forex related forums as you can and register in some of them. Ask questions! There are a ton of helpful traders out there that are willing to go out of their way to answer your questions about forex trading tools and many other topics. Most are very happy to help because at one point in time they were new to forex as well. I hope some of this information is helpful to you. Please check back often as I intend to really get the ball rolling on this subject.

Daily Forex Trading

Daily forex trading or day trading can be an extremely stressful way to make a buck. Today I'm going to shed some light on why this is, and maybe some things that can help you over come some of the stress. Some would title this trading psychology, and that would probably be more appropriate. This will be a very important part of your daily forex trading so pay attention.It's time to realize that your emotions will play a part in your daily forex trading. It should be a top priority on your list to figure out how to take as much of this out of your trading as possible. Now not all emotion is a bad thing. It feels good to win and carry some momentum from it. Just remember not to let the wins go to your head either. Fear and Greed are two of the major emotions you will experience in your daily forex trading.Fear will absolutely destroy any chance you have of being successful. Fear can be caused from risking money that you can not afford to lose. Leveraging your account to realize more profit is a great way to grow an account in your daily forex trading if the market is always moving your way. This can also cause you to pull out of a perfectly good trade because you position was to large. Having solid risk management that you are comfortable with will take care of most of the fear you experience in your daily forex trading.Greed can be just as bad as fear. Usually it is your greed that gets you in a position to have to deal with the fear in daily forex trading. Ever heard greed is good? Only if you plan correctly and grow your account over time is greed good. Keep in mind that it takes a good trader years to get their trading system, risk management, and trading psychology to a point where they feel comfortable in all market conditions. So until next time, think about all of the variables that are involved in your daily forex trading. Think about your personal flaws and try to devise a plan to overcome these problems. Self awareness is key. No two traders are the same. I hope this helps you on your journey to better daily forex trading.

Trading Large NAV Percentags

There is nothing wrong with trading a large percentage of your NAV as long as you know what you are doing. It's a problem if you are trading this way because you keep acquiring positions as the market moves against you. It's okay if you take a measured defined risk because the market has entered a condition that you have decided represents an opportunity. It is very important to get out of losing positions once you know that your market position is unfounded

Carry Trading Becomes Useless


If you only have hundreds of dollars in your Forex account, then there is no point trying to take advantage of carry trades. If the market didn't fluctuate so much it might be worthwhile, but in all likelihood you'll make a few bucks here and there and end up wasting your time. So what if you make 200% over a year, you still only have several hundred dollars in your account.Concluding ThoughtsWhen you are trading relatively large positions relative to your account size, it can be exciting. You'll quickly win or lose tens of percentage points. If you are good you'll be able to build up a bit of a nest egg before too long and then start trading more appropriately for the size of the account you've built up. Quite simply, as your account gets larger the need to large risks dissipates.Get out there, take your time, make sure the market sets itself up for you just right, and then stomp around and rip a few dollars out!

Waiting For A Buying Opportunity


If you don't know how to recognize a buying opportunity, then you need to be playing with funny money still. Perhaps there has been a big movement recently. Perhaps there is a news release on the way. Perhaps you have noticed a trend and your indicators are giving you signals. Whatever the case, don't just throw your money at the market and hope for a profitable move

Managing Your Risk


It's easy to get fully invested. Heck, if you are careless you can do this in one trade. If you aren't careful you can blow up your entire account within minutes. Sure, you do have to take a risk every time you enter the market, but you don't have to take huge risks in order to achieve significant returns on your money. Make sure you are around for the long haul because eventually the market will make a move in your direction.

Thursday, December 24, 2009

Single Words Total: 181

Single Words Total: 181
forex 59 7.92%
trading 49 6.58%
market 32 4.30%
currency 20 2.68%
comments 16 2.15%
online 16 2.15%
worldclassified 13 1.74%
posted 12 1.61%
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foreign 10 1.34%
investing 10 1.34%
markets 8 1.07%
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money 8 1.07%
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Tuesday, December 22, 2009

Forex For The Small Speculator

Today was a banner day for me... trading the AUD/JPY with a return of more than 10% NAV. The market simply walked up and down my trend lines bringing me profits with every pass. How come this doesn't happen more often?Anyway, as a small time speculator I thought I'd outline some issues that we face compared to some of the larger traders:We trade in very small lot sizesTo make any meaningful revenue we may trade with a large percentage of our NAV.Carry trading strategies may be meaningless

Trading Large NAV Percentags


There is nothing wrong with trading a large percentage of your NAV as long as you know what you are doing. It's a problem if you are trading this way because you keep acquiring positions as the market moves against you. It's okay if you take a measured defined risk because the market has entered a condition that you have decided represents an opportunity. It is very important to get out of losing positions once you know that your market position is unfounded

FOREX Trading Strategy


Once you've identified a trading opportunity, the next step is to decide EXACTLY when to buy - and this is where many traders go wrong.Here we explain how to incorporate better market timing into your FOREX strategy - so that you can make bigger profits.Most traders time their entry levels incorrectly, so here's the right way to do it:Using Support and Resistance CorrectlyA basic wisdom of market timing is ¡°buy low, sell high¡± - well, the reality is, if you try this in FOREX trading, you'll end up losing money. First, let's define what support and resistance meansA support level is a historical price that traders come in, and buy to ¡°support the market¡± ¨C and the more times it's tested, the more valid the support will be.

Monday, December 21, 2009

FOREX

Foreign Exchange Trading


Foreign exchange trading is generally conducted in a decentralized manner,with the exceptions of currency futures and options. Foreign exchange hasexperienced spectacular growth in volume ever since currencies were allowed tofloat freely against each other. While the daily turnover in 1977 was U.S. $5billion, it increased to U.S. $600 billion in 1987, reached the U.S. $1 trillion markin September 1992, and stabilized at around $1,5 trillion by the year 2000.Main factors influence on this spectacular growth in volume are indicatedbelow.For foreign exchange, currency volatility is a prime factor in the growthof volume. In fact, volatility is a sine qua non condition for trading. The onlyinstruments that may be profitable under conditions of low volatility arecurrency options.

Why Forex Is So Popular Nowdays?

Here the most important reasons why Forex is so popular nowadays:• Liquidity. Forex is the largest financial market in the world, with the equivalent of over 3-4 trillion changing hands daily when the volume on the stock markets is only 500 billions of dollars. • Flexibility. Because of 24-hour trading participants of the foreign change market would not wait to react on some events, as this happens on other markets (for example: stock markets). On other markets you simply can be late if you have to wait till morning to show your reaction, as in the morning the event will be already in the price, greatly differ from the desired level.• Lower transaction costs. Traditionally the Forex market has no commissions, except spread, the difference between ask and bid prices.• Price stability. High liquidity helps ensure price stability, when unlimited contract size can be executed at a fair price. It helps to avoid the problem of instability, as it happens in the stock market and other exchange-traded markets because of the lower trade volume, where at one price only limited number of contracts can be executed.• Margin. Margin size for trading on Forex is defined in the contract entered between a client and a bank or a brokerage company, which gives the opportunity to enter the market for the individuals and usually it is 1:100. So, the collateral of 1000 US dollars allows a trader to make deals on $100.000. Such High leverage combining with the rapid rates fluctuation make this market profitable but at the same time extremely risky.

Sunday, May 24, 2009

Forex Currency Trading Market

WHAT IS FOREX CURRENCY TRADING?

If you read about investing, you've seen the word forex trading. But because forex doesn't get much publicity in the major publications and websites, many investors don't know that forex is just short for "foreign exchange". So trading the forex market is simply trading foreign currencies.

As recently as ten years ago, currency trading had high barriers to entry, so only large banking and institutional firms had access to the tools and systems required to play in the forex trading game. Recently, however, technology has developed to the point that any individual investor can hop right in and trade with one of the many online platforms.

When buying and selling in the forex currency trading system market, you'll see that there are four "currency pairs" that dominate the percentage of trades. Those four are the Euro vs U.S. Dollar, US Dollar vs Japanese Yen, US Dollar vs Swiss Franc, and US Dollar vs British Pound.

The goal when investing in currency is to be holding a currency that appreciates in value in relation to the other currencies. To use an overly simplistic example, if you bought 50 British Pounds for 100 US Dollars, held the Pounds for 1 week, and in that period the value of Pounds increased in relation to US Dollars, you could then convert those Pounds back into dollars for, say, $120.

Unlike the domestic stock markets, the forex currency trading is open for trades 24 hours a day. Much like the phrase "it's always noon somewhere," it's always business hours at some region of the globe. Since every country trades on the FX market, and it's open all day, the daily volume is roughly $1.2 trillion, which dwarfs that of the NYSE. Another comparison to make in order to truly realize the magnitude of the forex market is with the currency futures market (which has around 1% of the daily volume).

One other important distinction to make is that forex currency trading is not centered on an exchange like the NYSE or NASDAQ. There is no central body or organization required to act as middleman. Trading circulates between major banking centers around the world.

Until recently, there were strict financial requirements and massive minimum transaction sizes which prevented individual investors from trading. But with the advent of the internet came the FX brokers. A forex currency broker is similar to an online stock trading account such as etrade.

Anybody can open an account and buy and sell in any quantity. Because the brokers have thousands of investors placing orders through them, they are able to meet the large minimum transaction size by purchasing in large blocks and distributing currency amongst the purchasing investors.

Although it is now easy to start trading forex, it is a complicated and complex market. While it offers fantastic opportunity for wealth, it is also very easy to lose your shirt in a hurry. Before trading forex, do your homework and read as much as you can find before investing your hard earned money.

Overview of the Forex Market

The speaker provides an overview of the forex market. He suggests that the forex market carries the most amount of liquidity in relation to any other type of securities market. Not only is there tremendous liquidity, there is also trading available 24 hours per day; however, this can be a negative if you cannot pull yourself away from the screen.

He also talks through the leverage that is taken in the forex market. Typically, traders will use 200:1 leverage when placing trades. New traders should be extremely careful as their accounts can be wiped out on 1 trade if proper risk management is not employed.

Another benefit of the forex market is that it only moves dramatically when macroeconomic events take place, as opposed to a stock which can have a huge drop overnight due to earnings releases or other negative news.

Saturday, May 23, 2009

Invest money online

We take funds under management with the purpose of further multiplying be means of offshore investment to futures market. We are ready to share the ultimate secrets of online investing. The positive thing about investing to StableInterest com investment portfolios is that it can become a second income source for working moms, or it can be a partime help or an after school work.

If you have wish to invest money online to futures, though you have no opportunity to work from home, you can use our funds management service. Our professional traders have worked on the financial markets for years. They can give stable interests from the funds attracted.
The work at home seekers are aware that we offer non-risk online investing to stable state securities or bank deposits, which have highest security level. The deposits of that kind are practically non-risk at all for investors, however the annual yield of such deposits will be not higher than 7-10%. Any tools that can give higher interests are risky by definition. That is why everyone, willing to get income and earn money more than banks can offer, should be ready to take some risks.

The risk management systems are always at the high priority for us. Our main task is to minimize risk for every transaction, making it maximum profitable at the same time. The specialists watch the slightest change on the financial markets online. Choosing one of our investment portfolios, it may become your second income source, you can get rich and guarantee the freelife for you and your beloved ones.

Stable Interest - Most Profitable Investing

The project StableInterest.com is working since 2006. Being the most profitable investing opportunity online now, it has been launched by the team of professional traders and analysts for the money online home seekers. We offer reliable and long-term opportunity for online investors. If you enjoy the freelife and willing to get rich getting the second income source, this is the very right place for you to be. StableInterest will become your fully home based business. You will earn money from home. Getting 102% income in 60 days is not a problem if you join our online investing oppotunity.

Continuous, 24-hour trading

The currency exchange market is a true 24-hour market, operating five days a week. Equity trading, on the other hand, is restricted to the operating hours of the various equity exchanges. While after-hours trading for equities has become available to a limited degree through some electronic communication networks (ECNs), there are no guarantees that liquidity will be maintained after-hours or that trades can executed at true “market prices”.

Why FOREX?

Historically, currency trading has been a “closed” market, reserved primarily for major banks, multi-national corporations, and other large organizations. These institutions trade in large transaction sizes and high volumes and it has been next to impossible for smaller-scale, individual investors to participate in an equal and competitive manner.
This all changed however, as new technologies have made it possible for smaller investors to participate directly in the forex market.
Forex trading is rapidly winning favour as an alternative investment opportunity because forex trading has several inherent benefits when compared to equity trading. This page lists some of these benefits

Friday, May 22, 2009

Currency Charts






Forex Market Comparison

Forex vs. Stocks

Trade Around the Clock

The forex market is a near-seamless 24-hour market. Subject to available liquidity, FXCM offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (FXCM Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

Pay No Commissions*

In the forex market costs are confined to the bid-ask spread. FXCM charges no commission or additional transaction fees, and its customers trade on spreads provided to FXCM by some of the world's largest banks via the FX Trading Station. In the stock market, “no-fee” programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.

* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader. For additional information click here.

No Uptick Rule

Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.

Forex Market Information Easily Accessible

Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private, and sometimes subject to fraud, deception and insider trading. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.

The knowledge you've gained in analyzing stocks is easily transferable to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well to many of the common technical indicators, such as MACD, RSI, and Candlestick charting

Buying/Selling

In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to buy the currency that increases in value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.

Wednesday, May 20, 2009

The Advantages of Online Forex Trading

Every year the attraction on online trading is fast increasing specifically on trading shares and forex trading. The coming out of a new profession, that is, dealer of currency, was caused by the remarkable development of the Internet. Forex trading can be done now not only in the office but also at home. Hence, the online forex trading was well accepted.The level of qualification for forex brokers was raised due the incredible advancement of online forex trading, the security program and telecommunications. Somehow, the online forex trading made the forex brokers to develop more their abilities for their own sake. Surely, the danger will be lower while on the operation. Thus, if the level of trading qualification is higher, then the trade amount will also be higher.The typical methods of the forex trading were completely changed because of the presence of dealing systems, which is automated in the eighties, together with the co-coordinating systems in the nineties. The systems of dealing are online computer systems wherein the banks are integrated in a united net, whereas, the co-coordinating systems are electronic brokers.The forex traders will have an increased number of present transactions because the dealing systems are very dependable and very efficient. Furthermore, they are safer as you will see the executors of the dealings. The online forex trading is continually expanding precisely of the dependability, safety, and swiftness of the dealing systemsThe online forex trading has been widely accepted considering the basic role of the computers. The dealing systems and the co-coordinating system are interconnected to all the traders of the world, thus, forming an electronic brokers market. The account report, filling vouchers, the work of the secretary, and the methods of lowering the risk are well in place.In order to use your investment capital to the maximum, you should be wise enough to avail the online forex trading. What are the advantages of the forex markets online? They are different compared to the other traders. We have the following advantages.1. The biggest market is the forex market. Forex traders are given approximately limitless liquidity and flexibility.2. The forex trading does not sleep. There is no need to wait for the opening of the market. They are open all night. This is the motive why the online forex trading is very much popular that suits practically to your day or night.3. You will have the same opportunity in having a profit whatever way the currency goes to. Aside from that, there are only fourteen pairs of currencies to trade, as compared to the several thousands of stocks and options.4. The online forex trading gives a great leverage. Your resources for investment will be treated to the fullest on online forex trading. In view of this, traders avail the online forex trading.5. The prices of the online forex trading are unsurprising. Prices of currency, though unstable have the tendency to produce and go along with the trends.6. There are no commissions for online forex trading. No exchange fees or any unknown fees whatsoever. The forex market is so transparent. No computation of commissions or any fees in executing a deal.7. The online forex trading is amazingly fast. The orders can be done within 1-2 seconds. You can choose whichever you think is faster and something that will be profitable for you.

The Right Choice of a Forex Broker

The Forex market has been considered as the biggest financial market in the world. For many years, it has been only the big corporations and skillful professionals who were very much involved in the market. Nowadays, there are a lot of people who are engaged with this profitable yet risky to the unlearned worldwide business.However, for those who are beginners, which include the individual and minor traders, consider this kind of market as something new to them. Sometimes, they are so doubtful whether to invest or not. They have inadequate or the least knowledge about the process of operations and possibilities to expand in the future. This lack of knowledge can lead to financial loss.In view of this, the traders must be educated first regarding the trading system and how it operates or utilizes professional help of a knowledgeable forex broker. Do you have a clear idea about these brokers? In the strict sense, brokers are individuals or companies that will be hired to buy and sell orders according to the decisions of the investor. In order to make money, brokers will ask for a fee or commission for services rendered. It is necessary for the forex brokers to be connected to the big financial institution like for example the bank, so as to get funding for the margin trading.As a starting point in forex trading, you need to open an account with a forex broker. The forex broker will be used by forex traders in taking care of their business dealings. The forex broker will act as a consultant who guides you regarding forex market. You will be allowed by the forex broker to work for one day with major currencies namely, EUR, JPY,GBP, CHF etc. against the USD immediately, that is in accordance to the current price in the market for forex international exchange. Your abilities together with your suitable decision will be vital for the level of profits.Moreover, the forex broker will give you technical analysis and even provide tips on how to make a research in achieving their success traders of forex. Sometimes, forex broker will offer suggestions regarding what moves are you going to make about forex trading.Maybe the function of a forex broker is practically unnecessary, due to the development of technology and increased awareness, but we can not entirely disregard his role. The introduction of a new model has affected even the financial markets. But later on many banks and brokerages had expanded their services by wrapping up their online trading systems for retail market. Hence, more traders use their computers to have an access even currency market which are out-of-reach. The forex broker now will be needed in this area of forex marketIn choosing a forex broker, you need to be wise about it. Of course, it is expected that there will be a lot of brokers who will offer their services online. Before making a decision of choosing a forex broker, do not forget to make some research. The amount of time spent somehow made us to know more about the available services and the fees from different forex brokers.There are several things to consider before you open an account to a forex broker. First, the forex broker must a license holder and registered as a Futures Commission Merchant (FCM) together with the Commodity Futures Trading Commission (CFTC) so as to avoid deception and trade practices which are offensive. Second, you should know the fees concerned. Is the spread fixed or variable about the kind of account? Third, the speed of execution. Fourth, the platform of trading. Fifth, the forex broker should give 24-hour support. Sixth, it must have solid financial backing. Seventh, always get a demo account.

Sunday, May 17, 2009

Forex trading has always been one of the most popular ways of generating extra income from home. The high leverage, 24 hour availability of the Forex markets and the introduction of home trading platforms have made it possible for the individual like you and me to trade Forex from home on a part time or full time basis.

There are hundreds of ways to trade the Forex markets and choosing a strategy that fits your personality and trading style is definitely not easy. I hope that this article will help you to avoid falling victim to one of the many scams out there and make an educated decision about your personal strategy.

Saturday, May 16, 2009

Quetta Forex

The Quetta rewards of Forex trading are tremendous although the market can appear intimidating to a newcomer. Of course you have a number of so-called Forex professionals boasting about their track records and trading systems that claim to make you an instant success. However, Forex trading isn’t as complex as the industry experts have advertised.In actuality, Forex trading is something you truly have to experience for yourself to understand. This takes disciple in the form of developing strategies and thoroughly training yourself on the market.Several educational Pakearn found online at no cost. Trading charts are abundant and after learning how to effectively put them to use, you can be making real money in no time.Equipped with Pakearn2009 strategy and a positive mind set, you too can achieve the financial freedom offered by Forex trading.

TFI FX PLATFORM

The platform boasts a simple and user friendly interface that allows clients to easily monitor their transactions, manage their account and perform a variety of technical analysis. Some of the features include:Coverage of the financial markets.Constantly updated real time prices.Instant execution, order placement, stop-loss and take-profit orders.Users can define and view unlimited charts.Daily account statement.Multi-lingual platform with up to 20 different languages to choose from.You can program your own trading strategies with the Expert Advisor.High security through the strong encryption of information transmitted.Customized technical indicators and the ability to script more.

TFI FX PLATFORM

The platform boasts a simple and user friendly interface that allows clients to easily monitor their transactions, manage their account and perform a variety of technical analysis. Some of the features include:Coverage of the financial markets.Constantly updated real time prices.Instant execution, order placement, stop-loss and take-profit orders.Users can define and view unlimited charts.Daily account statement.Multi-lingual platform with up to 20 different languages to choose from.You can program your own trading strategies with the Expert Advisor.High security through the strong encryption of information transmitted.Customized technical indicators and the ability to script more.

Saturday, May 9, 2009

International Currency Trading

One of the most profitable business ventures these days is international currency trading. Despite the fact that the world of trading seem to be unstable with the global economic meltdown posting a threat, entrepreneurs still find themselves dabbling into the world of currency trading on a global scale. In spite of the recession happening in various industries, people who are into the forex trade continue to expand their business in this trade.

Why is this so? The main reason for this is because the international currency trading scene is very dynamic. You never really know how it’s going to spin. Although some people might think that this unpredictability can cause this business to become unattractive, the contrary seems to happen. Alongside with the unpredictability of forex comes the fact that it presents a fair game to everyone. So long as you have what it takes to thrive in this fast paced environment then you can expect a windfall of profits to proceed.

Trade Forex For a Living

If you want to enjoy currency trading success you can, but you need to be aware of one key point. 95% of traders lose money and that’s a lot of people! Don’t think you can’t do it, you can and this article will show you how.

The Forex markets remain the final frontier of the free market economy it’s the world’s biggest business and the most lucrative and is one of the few businesses you can start with small stakes and build real wealth. You can earn huge profits due to leverage, which allows you deposit 1,000 dollars and leverage it up 200 times to trade $100,000! If you can use leverage the right way, you can make huge profits let’s take a look at how to do this.

Forex trading is a learned skill and anyone can learn a simple Forex trading strategy for success; in Forex trading simple systems work best, because they have fewer elements to break than complicated ones. You only need a simple strategy to succeed but that’s not enough, you need the right mindset and that’s why most traders lose they don’t understand the next key point!

Despite what a lot of so called experts or Forex robot advisors will tell you, you can’t predict what Forex markets will do in advance and this means you will have losing periods. These losing periods, can last for weeks but that’s ok, so long as you cut your losses and run your profits. If you are trading with leverage you can lose 70% of the time (if you keep your losses small) and win just 30% of the time (if you run your winners) and still make triple digit gains!

The key to Forex is simply trading with discipline; forget your ego, learn to lose keep losses small, have faith in your system and the courage to run your winners and you can enjoy currency trading success.

New Forex traders think geeks and mathematicians, make the best traders but they don’t - Why?

Because they think being clever and building complicated trading systems, is the way to make money but as we have seen, simple trading systems always work best. Clever traders also come with egos, they simply hate losing and let their losses run and with leverage that leads to disaster. The best traders tend to be humble, highly disciplined and simply focus on what needs to be done and that’s, keeping losses small and running profitable trades for as long as they can.

Most traders don’t lose because they can’t learn to win, they lose because they don’t adopt the right mindset to succeed. Anyone can learn a method and anyone can adopt the right mindset, if they really want to and you can too.

Tuesday, May 5, 2009

FX DAILY ]


:: FX RATES ::
Tuesday, 5 May 2009
[ FX DAILY ]
Generate FX Rate Sheet with the rate of* (dd/mm/yyyy)
[ * ] MCB 'Indicative' Foreign Exchange Rates
MCB 'Indicative' FX Rates as at 05-May-2009
BUYING
SELLING
COUNTRY
CURRENCY
CODE
UNITS
TT
TC / DD
NOTES
TT
TC / DD
NOTES
AUSTRALIA Australian Dollar AUD 1 24.33 24.27 24.07 25.48 25.48 25.61
BAHRAIN Bahraini Dinar BHD 1 87.51 86.82 N.D. 92.12 92.12 N.D.
CANADA Canadian Dollar CAD 1 27.99 27.92 27.55 29.31 29.31 29.31
CHINA (P'S REP) Chinese Renminbi Yuan CNY 1 N.D. N.D. N.D. N.D. N.D. N.D.
DENMARK Danish Kroner DKK 1 5.98 5.91 5.80 6.20 6.20 6.20
EMU Euro EUR 1 43.95 43.83 43.42 45.90 45.90 45.90
AUSTRIA Austrian Schilling ATS 1 N.D. 3.19 3.16 N.D. N.D. N.D.
BELGIUM Belgian Franc BEF 100 N.D. 108.65 107.81 N.D. N.D. N.D.
FRANCE French Franc FRF 1 N.D. 6.68 6.63 N.D. N.D. N.D.
GERMANY German Mark DEM 1 N.D. 22.41 22.24 N.D. N.D. N.D.
HOLLAND Dutch Guilder NLG 1 N.D. 19.89 N.D. N.D. N.D. N.D.
IRELAND Irish Punt IEP 1 N.D. 55.65 54.55 N.D. N.D. N.D.
ITALY Italian Lira ITL 1000 N.D. 22.64 22.40 N.D. N.D. N.D.
SPAIN Spanish Peseta ESP 100 N.D. 26.34 25.86 N.D. N.D. N.D.
HONG KONG Hong Kong Dollar HKD 1 4.26 4.23 4.13 4.44 4.44 4.44
INDIA Indian Rupee INR 1 0.66 0.65 N.D. 0.69 0.69 N.D.
JAPAN Japanese Yen JPY 100 33.31 33.22 32.44 34.88 34.88 34.88
KENYA Kenyan Shilling KES 100 42.53 42.20 N.D. 44.30 44.30 N.D.
KUWAIT Kuwaiti Dinar KWD 1 113.50 113.20 105.13 119.47 119.47 119.47
MALAGASY Malagasy Ariary MGA 100 1.66 1.60 N.D. 1.73 1.73 N.D.
MALAWI Malawi Kwacha MWK 1 0.23 0.22 N.D. 0.24 0.24 N.D.
MOZAMBIQUE Mozambique Metical MZN 1 1.18 1.12 N.D. 1.26 1.26 N.D.
NEW ZEALAND New Zealand Dollar NZD 1 18.96 18.91 18.61 19.85 19.85 19.85
NORWAY Norwegian Krone NOK 1 5.07 5.04 4.91 5.25 5.25 5.25
PAKISTAN Pakistan Rupee PKR 100 40.97 40.65 N.D. 43.13 43.13 N.D.
SAUDI ARABIA Saudi Arabian Riyal SAR 1 8.91 8.84 8.72 9.38 9.38 9.38
SEYCHELLES Seychelles Rupee SCR 1 N.D. N.D. N.D. N.D. N.D. N.D.
SINGAPORE Singapore Dollar SGD 1 22.29 22.23 22.13 23.34 23.34 23.34
SOUTH AFRICA South African Rand ZAR 1 3.94 3.92 3.87 4.16 4.16 4.16
SRI LANKA Sri Lanka Rupee LKR 100 27.48 27.27 N.D. 28.93 28.93 N.D.
SWEDEN Swedish Kronor SEK 1 4.23 4.19 4.10 4.38 4.38 4.38
SWITZERLAND Swiss Franc CHF 1 29.15 29.08 28.94 30.526 30.526 30.53
TANZANIA Tanzanian Shilling TZS 100 2.451 2.39 N.D. 2.58 2.58 N.D.
U.A. EMIRATES UAE Dirham AED 1 8.90 8.78 8.25 9.37 9.37 9.37
U.K. British Pound Sterling GBP 1 49.15 49.03 48.90 51.47 51.47 51.47
U.S.A. US Dollar USD 1 32.63 32.55 32.52 34.15 34.15 34.48
UGANDA Ugandan Shilling UGX 100 1.45 1.42 N.D. 1.53 1.53 N.D.
ZAMBIA Zambian Kwacha ZMK 100 0.59 0.58 N.D. 0.63 0.63 N.D.
ND: NO DEALINGS
FIXED EURO CONVERSION RATES
ATS BEF FRF DEM NLG IEP ITL ESP
13.7603 40.3399 6.55957 1.95583 2.20371 0.787564 1936.27 166.386


Important note about this rate sheet:


All rates are indicative only. They are based on information from sources which the Bank verily believes to be authentic, though its timeliness or accuracy cannot be warranted or guaranteed. The MCB Ltd issues no invitation to anyone to rely on this bulletin and neither we nor our information providers shall be in no way whatsoever, liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. The rates are subject to change at the Bank's discretion. Whilst every effort is made to ensure the information is accurate, you should confirm the latest situation with the Bank prior to making any decisions.

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