What I have often been asked by many number of forex traders?

The big question, however is, how many trading software actually deliver on these critical objectives? My answer therefore is that, not many of these automated products fulfill these objectives. This is not saying that with scam forex products flying round the websphere, there are no good ones out there. I assure you there are, but very few of them are as profitable as claimed.
However, out of the many automated forex software that I have used, the most profitable to date is PipMax! Expert Advisor developed by one PipYard inc. This software to say the least, has made money for me. Apart from its manual which in my opinion was not well put together, once I was able to set it up has given me the most consistent results so far. I heard this software was developed by one veteran and self taught forex Trader, Michael Miller , whose trading experience strongly reflect in the performance of PipMax! Expert Advisor.
One area where I found this software particularly invaluable is its risk management profile. Be informed that any software that has a risk/reward ratio of less than 1:1(e.g. 2:1 or 4:1) is not worth the keyboard on which it was written. By this I mean for every pip you gain, you risk 4 pips, this apparently is a potentially dangerous trade practices, it is a trade setup indicating a cataclysmic disaster waiting to happen.
PipMax! However differs from these other products by giving you at worst, a risk of 1 pip for every 2 pips you pocket. This clearly, is a professional money management practice, which protects your account as you watch your balance grow.
Please note that this article is not recommending purchase of any of the products mentioned in this write-up. The intention of the author of this article is highlight his experience using this products in order to guide the readers in making informed decisions in the purchase of profitable automated forex trading products.
For more in-depth and thorough review of automated trading systems that I have had different experience using, Please visit my blog at: http://www.rubysol.blogspot.com

He has designed over a dozen analytical stock market software systems.

The moving average is not as glamorous as many of the new indicators and specialized indices that mathematicians around the globe are clamoring to create however the moving average you can be sure is still one of the most important indicators you can use.  After all, isn’t past performance the best indicator of future success? 

Before we delve too far into an argument supporting the use of the moving average a bit of discussion regarding a description of how the indicator works is necessary.  A moving average is simply that, an average of the price of a stock over a set period of time.  The benefit of using an average of the prices rather than the actual prices is the smoothing factor the average calculation incorporates into the result.  By averaging the prices the impression of unusual price spikes or sudden drops are diminished and what emerges is a more stable or less volatile trend of a stock price’s history. 

The smoothing benefit of the average has more of an impact over longer periods of time as should be expected.  The more data points that are averaged then the greater the weight of the most common price trends.  So longer period averages a popular one being 200 days for instance tend to result in much smoother lines than shorter averages.  In a sense the longer term averages can be seen as representing a company’s long term potential, based on their historical performance and short term averages their daily or weekly trends. 

The study of comparing short term moving averages against long term moving averages is probably the most common approach to using the moving average indicator.  In fact one of the most popular traditional indicators the MACD (Moving Average Convergence/Divergence) is based on comparisons of short term versus long term moving averages.  There are some distinctions between the calculation of the MACD and comparing short term versus long term moving averages however the principle is essentially the same.  The difficult part is interpreting what the averages tell you about the stock’s performance.  Essentially the question is always: Does a short term average cross over a long term line signal a new break out for the stock or will the short term trend fall back in line with the longer term trend?  It’s not fool proof, you still have to make your own assessments, but the indicator can help you.

Traditionally most analysis of short term versus long term averages considers crosses, where the short term average line crosses over the long term line to most often indicate a new future trend of a stock.  In other words, meaning that the longer term average will follow the direction of the shorter term moving average.  In reality however this is not always the case.  Often short term averages will cross the long term average only to fall back into line with the long term trend.  Only you can determine which average indicates the true direction the stock price will take.  At this point, often supporting information such as news or quarterly financial releases are used to assist in determining if the short term moving average trend is merely a market driven change or if it reflects a basis for the increased value of the company. 

There are some analysts that not only focus on short term versus long term crosses of the moving average but that also take the “steepness” of the cross into consideration.  Steep or sharp dramatic crosses in this case are often seen as being strong market direction indicators signaling a future change in the price trend.  If you test this with a real chart at http://www.stockrageous.com , and select the short term 20 over the long term 200 average which is the traditional standard for short versus long term average cross analysis in a five year chart you will note the impact of steep crosses in almost any stock. 

Forex automatic trading software works, and the reasons why it works.

The foreign exchange market is unique because of its:


* huge trading volume (The average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, as of April 2007), leading to high liquidity


* geographical dispersion


* operation 24 hours a day except weekends


In the past, forex traders used to outsource their trades to a full service brokerage. This, of course, costs money and you have to look for a broker that you can trust, which is not a easy task.


Nowadays with the evolution of the trading softwares we have access to a huge advantage and that is why close to 50% of all currency traders are now using forex robots to see significant returns on their investments in this market.


One of the biggest advantages is that the forex market runs 24/7, but humans don't. An automatic trading software is unaffected by a person's mental,physical and emotional circumstance, thus the trading operation is quicker and more diversified. This is where a forex robot comes in.


Since it applies advanced algorithms projected by extremely skilled professional traders and money managers, the operation of the automated software is increased based on the experience and expertise of the designers.


This software constantly scans and analyzes the market using real-time forex market information 24 hours/day, looking for reliable, high probability trading opportunities. When it detects them, it invests until the moment the trade becomes unprofitable. Very simple and very powerful.


You do not need to pay a commission to the brokers, and you can start trading in the forex market even if you are a complete beginner. By applying a forex software system, even the novice trader can achieve high economic success.


A great advantage about this trading software is that the risk is very low. You are able to run a practice account first before starting to trade with real money. In this way you can see the forex robot in action not risking a cent of your own money.


Another advantage is that the forex software system do not experience emotional influences,thus removing another big risk factor.


You can control the software if you want to be part of the trading decisions. But it is better to leave the forex robot to do its job unless you have a serious experience in forex trading. The automated forex system returns much higher profits when left alone to do its task.

What makes a travel credit card a travel credit card? Really, this is the wrong question.

There are plenty of credit cards that offer travel rewards of various kinds - from air miles or frequent flyer miles of various kinds to money off holidays from various travel providers to special deals on currency from specialist providers - but none of these offers, taken alone, are enough to make a card a travel credit card.


When one goes to do a credit card comparison the real question should be: what makes these cards unsuitable for travel?


Travel credit cards


There are several answers to this because, generally speaking, credit cards offer poor value when used abroad.


The main point to bear in mind is that most banks and other lenders will add a foreign transaction fee which is a percentage of every transaction that's made out of the UK and can add up and become expensive very quickly.


There are also often additional charges for making cash withdrawals and normal rewards that might be applied to the card, such as cash back or points schemes, will typically not be applied to the user when paying using the card.


It's worth pointing out that the extra fees tend to be applied even to debit cards so use abroad credit cards are actually even better value as travel products when compared to other products.


For example, the post office credit card doesn't have any foreign transaction fees at all.


Dynamic currency conversion


Another problem with card use abroad can be dynamic currency conversion.


This means that the merchant from whom the card holder makes a purchase asks them to make the purchase in their home currency rather than the currency of the country that they're in at that time.


This seems good for the consumer but, in fact, the system gives a much poorer exchange rate than the bank would under normal circumstances so this way of paying while travelling should be avoided at all costs.


So, with all of these things in mind: how can consumers find a travel credit card.


One of the best ways is to use a comparison site to check out the deals before signing up. As has already been mentioned it's also important not to confuse card which come with travel rewards with cards which are actually good for taking abroad.


When using reward cards that have some sort of travel aspect caution is usually advised in any case as, to be rewarding, they should be paid off in full at the end of every month.

As with any new skill, trading in the foreign exchange market requires learning a new language. There are many unique terms and phrases you will need to familiarize yourself with to get the most out of foreign exchange trading.

There are many reasons that people are interested in getting involved in foreign exchange markets. First of all, it is the largest market in the world, with an extent of activity adding up to more than a trillion dollars. Secondly, it's a very flexible and dynamic market, with transactions being done around the clock. Another aspect of foreign exchange markets that attract people are the success stories that surround it. Many market players have made a killing, some quit their second jobs and focus only on trading, and some people have even been able to retire from their earnings made in the foreign exchange market.


On the positive side, once you have mastered the foreign exchange market lingo, you will have an international tongue that will connect you with people in the world's biggest market. When you choose a foreign exchange trading course to go to, there are a number of different options open to you. If you are in a big rush, you may opt to take a condensed course that will supply you with all of the basics.


If you have more time to spend studying trading, full length courses will give you a more thorough breakdown of the different components of the foreign exchange market. Whichever course length you choose, you can choose between live classes with a teacher, or virtual classes over the internet.A good foreign exchange trading course will give good training in chart analysis. Foreign exchange trading involves analyzing dozens and dozens of charts on a daily basis, so rigorous practice in this area is essential.


This learning will allow you to quickly read different types of graphs and figures. As foreign exchange trading is a fast paced and potentially nerve wracking activity, stress may develop. Combating this stress is an important skill to have, and should be taught at your foreign exchange basic trading course. Being able to handle pressure and remain efficient will greatly increase your work productivity.


In conclusion, if you are thinking of joining the worlds largest market, consider joining a trading course. Take all of these tips with you when going out in search of a basic foreign exchange trading course. Look for a well balanced curriculum that includes as many of our suggestions as possible. With the tools you will gain, you are will be well on your way to becoming a successful foreign exchange market trader.

An increasing number of people are being attracted by foreign currency trading in preference to the variety of other forms of investment available today and it is not hard to see why.

The Forex market is the biggest trading market in the world and shows a growing trading volume which has risen from in the region of $500 billion dollars to $2 trillion in the last twenty years. It is also an amazingly liquid market which is not tied to any particular location and operates around the clock across the world making it in effect a permanently open market. As one market closes its doors another is opening and you can effectively follow the markets across the world as you trade and even more or less eliminate the fact that the market in your home country is closed at the weekend.


As a consequence it is not surprising that foreign currency trading appeals to a wide and growing variety of big and small traders each of whom enjoys a wide choice of trading strategies arising out of the large number of factors which affect foreign currency rates. Indeed for a lot of traders entering the market it is the fact that there are so many different factors that affect foreign currency exchange rates which they find particularly attractive as it allow them to use a large range of different tools when trading in this extraordinarily exciting market.


Possibly the biggest influence today however on the future growth of the market and its popularity is to be seen in automation which is easier than ever before to achieve and which brings with it many advantages.


Automatic foreign currency trading permits trades to be conducted anywhere in the world in real time and virtually eliminates the losses that are so often seen in manual systems which are trying to operate in such a fast moving and unpredictable environment. Anybody who has experienced trading using manual systems knows only too well the frustration brought on by a series of losses produced by nothing more than a simple time delay in buying or selling.


Automated Forex trading also permits you to operate in a number of different currency markets at the same time without any problems with the time zones of the markets in question. If you are in the USA at 1 o'clock in the morning then automated trading allows you to work with traders on the opposite side of the world in a variety of different countries all at the same time without any problem.


For a lot of traders one difficulty is that of the management of risk and this too is reduced as we move into automated trading. Manual systems often make traders nervous about whether payment will be forthcoming following the completion of a trade but because payments can now be matched in real time this is far less likely. Indeed, as automated systems continue to develop settlement systems will also be updated and any risks are likely to be all but eliminated before too much longer.


Technology has advanced by leaps and bounds in recent years and is going to continue to do so in the years ahead. Most importantly, access to this technology simply and cheaply from the comfort of our own homes, or today even when we are mobile, means that we can all now handle our investments with ease. For those of us working in the currency trading world automated foreign currency trading will undountedly come as a welcome addition to an already great form of investment.


LearningForexTradingOnline.com provides advice on everything from automated currency trading to using an online currency calculator

When you're getting ready to jet off into the sun you'll need a credit card you can use there.

There are plenty of credit cards that have travel rewards - some let you rack up the air miles to get away on a plane ride for free or at reduced cost and some offer travel extras such as discounts on packaged holidays and flights or a chance to take advantage of travel insurance or travel accident insurance - but that doesn't mean their suitable for use abroad.


Security issues, a high foreign transaction limit and high fees and interest for taking out cash could all be enough to put you off paying on a credit card in the sun altogether.


Foreign transaction fees


When it comes to use abroad credit cards the foremost of these is the foreign transaction fee since it'll be applied to everything you buy in a foreign country.


This is a percentage amount of the transaction that is paid in fees and then, as with a normal credit card purchase, it's also subject to fees.


This is also applicable to cash advances including cash withdrawals at an ATM, cash back at the till and - crucially - buying foreign currency at an exchange.


Since the interest rate charged to cash is so much higher than those charged to purchases, and there's no interest-free period, it's by far preferable to pay with a card and avoid making that cash transaction altogether, wherever you are.


When you compare credit cards look for the lowest foreign transaction fee you can find.


Only a few credit cards have a 0% foreign transaction fee.


Security issues


Security issues could also be a problem when you're abroad. You're more relaxed on holiday and so more likely to let your card out of your sight.


Also, you're less likely to check your account for fraud by looking it up online and, clearly, you won't be getting your statements delivered so you wouldn't be able to check those even if you had the inclination to.


For this reason it may be worth checking the level of security protection available on your chosen credit card. This could be protection against fraud, a holiday guarantee or even a service that gets a card to you if you lose it abroad with a minimum of effort.


Whether those are available to you will depend on the prestige of your card so look for black, purple or platinum to get as many travel extras as possible: banks are still largely stuck in the stone age and only expect the rich to get away.

Different Types of Stock

The different types of stock are what confuse most first time investors. That confusion causes people to turn away from the stock market altogether, or to make unwise investments. If you are going to play the stock market, you must know what types of stock are available and what it all means!

Common Stock is a term that you will hear quite often. Anyone can purchase common stock, regardless of age, income, age, or financial standing. Common stock is essentially part ownership in the business you are investing in. As the company grows and earns money, the value of your stock rises. On the other hand, if the company does poorly or goes bankrupt, the value of your stock falls. Common stock holders do not participate in the day to day operations of a business, but they do have the power to elect the board of directors.

Along with common stock, there are also different classes of stock. The different classes of stock in one company are often called Class A and Class B. The first class, class A, essentially gives the stock owner more votes per share of stock than the owners of class B stock. The ability to create different classes of stock in a corporation has existed since 1987. Many investors avoid stock that has more than one class, and stocks that have more than one class are not called common stock.

The most upscale type of stock is of course Preferred Stock. Preferred stock isn’t exactly a stock. It is a mix of a stock and a bond. The owner’s of preferred stock can lay claim to the assets of the company in the case of bankruptcy, and preferred stock holders get the proceeds of the profits from a company before the common stock owners. If you think that you may prefer this preferred stock, be aware that the company typically has the right to buy the stock back from the stock owner and stop paying dividends.

Forex Shocker Disaster

Following the great continuance of Forex Shocker. I moved the latest version Forex Shocker 3.1 to my million dollar Finfx demo account. Last week was great, this week disaster. Tuesday and Thursday evening nightmares even bigger than FX Retributions shortcomings. Down to $2.7 mill...Up to $2.98 mill and suddenly down to a low of $2.5 mill. My secret robots added $6K and Shocker did win 11 in a row before the crash tonight. Thinking of going live soon but will have to play conservatively. This is a bad sign if you ask me.

Avoiding Forex-Related Frauds and Scams

Marquez, author of The Part-Time Currency Trader, wants you to take precautions when shopping around for forex brokers.

A lot of people have been ‘burnt' from scam operations on the Internet. Their sites may look so perfectly legitimate that you doubt whether they would have gone through all that trouble building a trading platform just to steal your money. Beware.


The first thing I look for is the geographical location of the broker. If I find that they are based in a country where the financial industry is, in my opinion, relatively unregulated and under-developed, I quickly forgo signing up. This is terrible news for honest brokers in those countries, but your job as a trader is to protect your capital. If you lose that, then you cannot trade. The onus is on them to convince you that they will do the right thing by you as an investor.


I started out with an Australian broker. Currently I am using an American one. I have not tried UK-based brokers but the British financial industry is one of the best. Companies that are based in countries such as Japan , Germany and France are probably just as good too, if their website speaks your language.


Notice any license numbers that they may have registered with regulatory bodies that act like government watchdogs who oversee the finance and investments industries. These are organisations that impose strict rules to safeguard your investment. Some of these rules may include the requirement that brokers segregate all customer funds from the operational funds of the business. Your money is required to be put in highly-reputable banks and the funds are only withdrawn from these accounts upon specific withdrawal requests.


Take note that there are some fake regulatory bodies being thrown around in cyber-space as well. Take a look at how long they have been operating for. Try and search out any reviews or comments made about them. See if you can find forums where traders have discussions about their brokers.


Below is a list of things to keep in mind to help you avoid being a victim of a scam:


• Stay Away From Opportunities That Sound Too Good To Be True

There are people who may have just acquired a large amount of money just and recently are the same and are shopping around for safe investment vehicles. These may include retirees who have access to their retirement funds. It is understandable why retirees would be drawn to ‘high-return, low-risk investments'. This is also what makes them very vulnerable. If you identify yourself to be one of these people, be careful. A lot of deceitful characters are after your money. Furthermore, only allocate a tiny amount of your money to trading until you can start growing it. Not all people can trade successfully, so it is a venture you should take on haphazardly. It is your life savings at risk.

• Avoid Individuals Or Organizations Who Claim To Predict Or Guarantee Large Profits

Any form of trading is hard. Trading currencies is no different. Be wary of statements that make it sound easy. Statements like:

• “Whether the market moves up or down, in the currency market you will make a profit”;

• “Make $1000 per week, every week”;

• “We are out-performing 90% of domestic investments”;

• “You'll make returns of 70% a year”;

• “Here is a no-risk strategy”.

If they could make such returns, why would they even bother letting you know about it.

• Be Wary Of Companies Who Downplay Investment Risks

Hold your wallet tight and zip up your purse when companies say that written risk disclosure agreements are routine formalities imposed by the government. Watch out for statements like:

• “With a $10,000 deposit, the maximum you can lose is $200 to $250 per day”;

• “ We promise to recover any losses you have ”.

• Be Wary Of Companies That Claim To Trade In The ‘Interbank Market'

Do not believe it when some people say that they have access to the ‘Interbank market' or that they can give you access to trade in that market because that's where bargain prices can be obtained. This is not true. The ‘interbank market' is not a place, it is not a physical building. It is simply a loose network of currency transactions that are negotiated between big financial institutions and other large companies.

• Ethnic Minorities Are Often Targeted

Ethnic newspapers and television ‘infomercials' are sometimes used to attract Russian, Chinese and Indian minorities. Sometimes these ads offer so-called ‘job opportunities for account executives to trade foreign currencies', whereby the recruited ‘account executive' is expected to use his own money to trade currencies and would often times be encouraged to recruit members like their friends and family to do the same.

• Seek Out The Company's Background

Check any information you receive to be sure that the company is who they claim to be. If at all possible, try and get the background of the people operating the company. Do not rely solely on oral statements and promises made by the company's employees.

• If You Are In Doubt, It Is Not Worth Risking Your Money

If after trying to solicit information and at the end of it all, you are still in doubt about the credentials of a particular company, my suggestion is to start looking elsewhere.

You may find further information by contacting government ‘watchdogs' because they keep up to date with trends and reports regarding scams and other fraudulent activities. Please check the resource section of this site for the information of organizations that regulate the securities industry, sorted by country. There is also a list of brokers that you may want to look at.

This is an excerpt, modified from the book: The Part-Time Currency Trader.

Getting Your Feet Wet – Begin Investing

If you are anxious to get your investments started, you can get started right away without having a lot of knowledge about the stock market. Start by being a conservative investor with a low risk tolerance. This will give you a way to making your money grow while you learn more about investing.

Start with an interest bearing savings account. You may already have one. If you don’t, you should. A savings account can be opened at the same bank that you do your checking at – or at any other bank. A savings account should pay 2 – 4% on the money that you have in the account.

It’s not a lot of money – unless you have a million dollars in that account – but it is a start, and it is money making money.

Next, invest in money market funds. This can often be done through your bank. These funds have higher interest payouts than typical savings accounts, but they work much the same way. These are short term investments, so your money won’t be tied up for a long period of time – but again, it is money making money.

Certificates of Deposit are also sound investments with no risk. The interest rates on CD’s are typically higher than those of savings accounts or Money Market Funds.

You can select the duration of your investment, and interest is paid regularly until the CD reaches maturity. CD’s can be purchased at your bank, and your bank will insure them against loss. When the CD reaches maturity, you receive your original investment, plus the interest that the CD has earned.

If you are just starting out, one or all of these three types of investments is the best starting point. Again, this will allow your money to start making money for you while you learn more about investing in other places.

Wall Street at Home - Back to 3.1

The Million Dollar Demo Account had a pretty good week thanks to tremendous Forex Shocker 3.1. Also temporarily inserted Forex Overdrive 4 which was 6 wins 2 losses, with the two losses outweighing the 6 wins. I'll have to consider how to use this right.I replaced this robot with a secret robot that went 2 wins 1 loss but a huge loss. This morning this robot was 3 wins and 0 losses. So I'm adjusting, playing around with the TP and SL. Million Dollar Pips continues to be in a slump but there was a 6 trade big win streak 0 losses with the USDJPY. What a surprise. So the account went down to $2.7 mill up to the current $3.1 mill.

A way of winning huge Profits

A way of winning huge profits. Currency exchange is the trading of one currency against another. Professionals refer to this as foreign exchange, but may also use the acronyms Forex or FX. Currency exchange is necessary in numerous circumstances. Consumers typically come into contact with currency exchange when they travel. They go to a bank or currency exchange bureau to convert their "home currency into , the currency of the country they intend to travel to. They may also purchase goods in a foreign country or via the Internet with their credit card, in which case they will find that the amount they paid in the foreign currency will have been converted to their home currency on their credit card statement. Although each such currency exchange is a relatively small transaction, the aggregate of all such transactions is significant. Businesses typically have to convert currencies when they conduct business outside their home country. They exportin goods to another country and receive payment in the currency of that foreign country, then the payment must often be converted back to the home currency. Similarly, if they have to import goods or services, then businesses will often have to pay in a foreign currency, requiring them to first convert their home currency into the foreign currency. Large companies convert huge amounts of currency each year. The timing of when they convert can have a large affect on their balance sheet and bottom line.Investors and speculators require currency exchange whenever they trade in any foreign investment, be that equities, bonds, bank deposits, or real estate. Investors and speculators also trade currencies directly in order to benefit from movements in the currency exchange markets. Commercial and Investment Banks trade currencies as a service for their commercial banking, deposit and lending customers. These institutions also generally participate in the currency market for hedging and proprietary trading purposes. Governments and central banks trade currencies to improve trading conditions or to intervene in an attempt to adjust economic or financial imbalances. Although they do not trade for speculative reasons --- they are a non-profit organization --- they often tend to be profitable, since they generally trade on a long-term basis. Currency exchange rates are determined by the currency exchange market.A currency exchange rate is typically given as a pair consisting of a bid price and an ask price. The ask price applies when buying a currency pair and represents what has to be paid in the quote currency to obtain one unit of the base currency. The bid price applies when selling and represents what will be obtained in the quote currency when selling one unit of the base currency. The bid price is always lower than the ask price. Buying the currency pair implies buying the first, base currency and selling (short) an equivalent amount of the second, quote currency (to pay for the base currency). (It is not necessary for the trader to own the quote currency prior to selling, as it is sold short.) A speculator buys a currency pair, if she believes the base currency will go up relative to the quote currency, or equivalently that the corresponding exchange rate will go up. Selling the currency pair implies selling the first, base currency (short), and buying the second, quote currency. A speculator sells a currency pair, if she believes the base currency will go down relative to the quote currency, or equivalently, that the quote currency will go up relative to the base currency. After buying a currency pair, the trader will have an open position in the currency pair. Right after such a transaction, the value of the position will be close to zero, because the value of the base currency is more or less equal to the value of the equivalent amount of the quote currency. In fact, the value will be slightly negative, because of the spread involved. For more information contact Currency Traders at www.mynetto.com

Awesome Reasons to Trade Forex

There are many money-making opportunities out there and we’ve been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc. We’ve come to a few conclusions with the help of some well-known properity coaches. Often people with the income they desire don’t have the time to enjoy it. Those that have time don’t often have money. You don’t have to sacrifice your life-style to earn an above-average income. If you focus on the Forex for a few months you can make that dream a reality and create time and money to do what you REALLY want. To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it’s a repeat type of product or service. Money is a medium of exchange. There’s no magical formula to possess it, you need to exchange something of value for it. What if, you could have access to thousands of customers who are ready, willing and able to buy from you whenever you wanted? Wouldn’t it be great to avoid any hassles like money collection problems (just had a delayed payment from my web business), keeping difficult customers happy (we all know what that’s like), competition stealing your business without providing the same value etc. All that is possible with Forex. You can also trade from anywhere. Take your laptop with you, find an internet connection and away you go. Another advantage is that you don’t need experience to get started. Get a traditionally job involves accumulating specialized experience, having a well-polished resume and having the right contacts. With the right training course, you can get started straight away. Here’s 7 more reasons to trade Forex: 1. It never closes. It’s open around the clock, worldwide. Trading positions open at Monday 7am, New Zealand time and close 5pm New York time on Friday. During this time, you can enter or exit the market whenever you like. It’s a continuous electronic currency exchange. This is great because you can trade whenever you have spare time. 2. Leverage. Standard $100 000 currency lots can be traded with as little as $1000. This is mainly because of the ease with which you can buy and sell, some brokers will leverage up to 200 times, so with $100 you can control a 200 000 unit currency position. It’s the best use of trading capital around, even banks lending on property investments don’t come close. 3. Accurately predict the outcomes. Currency prices generally repeat themselves in predictable cycles so you can see what the trends are. ‘Technical Analysis’ helps to see these trends and profit from them. 4. Low Transaction Cost. In other words, you mistakes won’t cost you a fortune. Good brokers won’ charge commissions to trade or maintain an account even if you have a mini account and trade small volumes. 5. Unlimited Earning Potential. Forex has a daily trading volume of over 1.5 trillion, the largest financial market in the world. It dwarfs the equities market (50 billion daily) and the futures market (30 billion). 6. You can make money in any market conditions. Each market is one currency against another, so when you buy in one, you’re selling in another so there’s no biase towards either currency moving up or down. This means it’s up to you to choose which currency to buy or sell with. Yu can make money going up or down. 7. Market transparency. This is an advantage in any business or trading environment. It means you can manage risk and execute orders within seconds. It’s highly efficient and allows you to avoid unexpected ‘surprises’. I hope you’re now convinced that Forex is the best investment and income opportunity around.

An Introduction To Forex Trading

Most people have heard of trading, like the New York Stock Exchange, and Forex trading isn’t far off from that. The difference is, is that Forex trading is the trading of currencies, not stocks. It also has a larger volume than stock and bond markets combined! As with stocks, it is a high-risk investment, but it can also have an extremely high return, easily doubling investments in minutes. The best part about Forex trading, is that it is done using a margin. That is, you don’t need the full amount to buy a currency. A Forex trader can buy $100,000.00 with just $1,000.00. This allows traders to make huge profits with minimal investment. And the Forex market is open to all types of investors, not just big organizations, and banks. The best place for an investor to start when considering the Forex market, is the Forex community. Research is key to understanding Forex trading. Consulting Forex forums and community boards can be extremely beneficial. The next thing to do would be to choose a system. A system, is a specially designed method, software, or course developed by professional in Forex trading. There are many systems out there, so research must be dome to make sure the system fits your needs. Before purchasing a system, you should ask them a few questions like, how long have they been in this business, and and if there is a trial version available. Make sure that they have customer testimonials too. By going to Forex forums, and chat rooms, one might be able to find out what system others are using, or what systems are recommended most. Most professional traders believe that having a trading system is an important factor in establishing a stable revenue in the forex market. Systems tell investors when, and what, should be done in each trading situation. Another thing that an investor will need is a broker, to assist with transactions. There’s a wide variety of brokers, so be prepared with questions about their credentials. Ask them about their leverage, and their spread. As these are both determining factors in how much money the investor can make with each investment. The investor may also choose to handle transactions themselves. An investor also needs to master analysis, and form a strategy, to get a competitive edge, and improve their odds. They need to learn to recognize the different factors that affect the Forex market. A person has a much better chance of success at trading forex, if they do their research, and know what to look for. And, in conclusion, it doesn’t matter if a person is experienced or a beginner in the world of Forex!

A Guide To Foreign Currency Trading

While foreign currency trading offers its rewards, especially when you are able to trade in major currencies like the US dollars and Euro, caution against advertisements and brokers that offer instant riches must be observed. There is move to regulate foreign currency traders. Unfortunately, not all in the industry are registered. Not entirely illegal, many unregistered brokers populate the financial markets. Extra precaution is suggested for individuals and companies when they deal with forex brokers. The United States has passed a federal law, the Commodity Futures Modernization Act of 2000 that gives authority to the commission to investigate suspicions of frauds in the transactions. Frauds in Forex trading have telltale signs and you must be aware of these. Be wary of schemes that offer quick riches. An experienced Forex brokers will tell you currency trading is not a risk free business and only those with real analytical methods can succeed in the field. And, even when projections seem sound, there is no way of telling exactly how strong a currency will hold out against many factors. So watch out for those who promise large profits no matter the economic condition is. Most brokers ask for margin investments. If you are not fully aware of how this works, do not venture into it. You may be losing s more than you earn in the long run. Beware also of the “interbank market” service that brokers may offer. In reality, only large banks, corporations and investment institutions have access to this loose network of currency traders. To be sure about the credibility of the brokers you are getting, study their profiles and company background seriously and extensively. Stick with a shortlist of firms that are registered with the regulatory commission on commodity futures.

An Overview Of Forex Trading

Forex, is an exchange that allows investors to trade national currencies through the foreign exchange. This is the worlds largest market for currency, based on the Dollar, anywhere between 1 – 2 TRILLION dollars are traded upon this market on a daily basis. This type of trade is typically performed online or on the telephone. By taking advantage of the world wide web, you are enabling yourself to make your investments in a reliable, easy, safe and fast way. Some investors are able to enjoy returns of around thirty percent on a monthly basis, this takes a great deal of experience to gain this type of enormous return on your investment. The Forex market does not have one specific place of trade like many of the other markets do, for this reason alone is why most of the trade is performed by internet, fax, or telephone. In the beginning for currency trade was not all that popular, they were bringing in only about seventy billion dollars on a daily basis, with the invention of Forex, that number grew massively. Of course, the currencies do not only deal with the American dollar, these currencies can be translated to over 5,000 currency institutions world wide, which include, commercial companies, large brokers, international banks, and government banks. Many major countries have forex trading centers such as, Frankfurt, London, New York, Paris, Hong Kong, Tokyo, and Bombay to name a few. When trading online there are many benefits such as, the ability to trade or track your investments at anytime day or night, from anywhere within the world that offers an internet connection. Another added benefit, is that some online exchange sites allow you to start with a small investment, known as a mini account, some with as little as two-hundred dollars. With online trading, the trade is instant. When you trade offline you have to deal with paperwork, with online trading there is no paper work involved. The world of the internet, has allow us to do many things with just a click of a button, where else can you bank, trade, talk to your family and friends, research your investments and earn money all at the same time? Make the internet work in your best interest by implementing online trading into your portfolio. There’s a whole world of money waiting for you to earn with your online investments, and it’s all available at the click of your mouse button.