Online FOREX Trading – If You Want To Win Understand Price Momentum

If you want to win at online FOREX Trading you need to understand the importance of price momentum in putting the odds on your side.

If you don’t understand price momentum you will lose.

Let’s look at why it is so important and how to put the odds in your favor.

A common error

Most traders like to trade in the following way in online FOREX trading.

They like to buy into support and sell into resistance but they don’t pay attention to price momentum.

They hope resistance and support hold as they enter their positions and this is a recipe for disaster.

Why?

Well keep in mind this well known phrase.

A trend moving in one direction is more likely to continue than reverse.

So if prices are moving strongly to test support and resistance and price momentum is strong these levels can and do give way.

WAIT FOR CONFIRMATION!

A better way to trade is to use support and resistance and wait for them to hold before trading against these levels.

The odds will be vastly increased, as you will be looking for resistance and support to hold before taking your position and seeing price momentum weaken as the levels are tested.

This increases the odds of success for you and allows you to trade with price momentum on your side.

You won’t get in at such a good level as if you predicted correctly without using momentum, but as you can’t predict where price will go anyway always:

Wait for confirmation of a momentum change and your trade is more likely to be successful.

What indicators should I use?

By far and away the best indicator to use is the stochastic indicator.

We don’t have time to explain it in detail here, so simply read our articles.

The best set up you can get is:

For the stochastic lines to reverse and cross with either bullish or bearish divergence as the price tests support or resistance.

This will show price momentum changing and falling as the test is made, allowing you to enter a trade with momentum on your side, increasing your chances of success.

Another useful indicator to use is:

The Relative Strength Index RSI devised by Wells Wilder.

Again, if you don’t know how it works read our other articles.

Watch it to turn down as support or resistance are tested.

Get the odds on your side

The above two indicators are great for helping you judge price momentum and decide if support or resistance are going to hold.

Support and resistance levels give way frequently, but get price momentum on your side before trading and you will dramatically increase your chances of success.

Remember:

To increase your chances of success trade with price momentum on your side, the trend is your friend as the old saying goes – Act on price confirmation and don’t PREDICT.

By : Sacha Tarkovsky - http://www.net-planet.org/

3 Secrets To Consistent Winnings With On Line Forex Trading

If you really want to get in a market with almost nothing to begin with the on line forex trading market is the place to be. Where else can you start with $25 and realistically make 100 times that in a relatively short period of time. If that sounds like hog wash then stop reading now but if you have the ability to dream and turn that dream into action then the sky really is the limit. Let me share the 3 secrets to consistent winnings in the on line forex trading market.

Discipline

You have to have this and their is no way around it. Most people read this and they think to themselves, "I know .. I know .. I know!" OK, watch those same people lose all their money in the first year or sooner. I have to stress this enough or I would not be doing this article justice. Stay Disciplined. Do what you need to do. Do not fall in love with a certain move, get out while you are ahead. Do not let emotions get in the way of making the sound choice.

Never let a gain turn into a loss

There is nothing more discouraging than watching a profitable move go the other way against you and turn into a loss. That is greed epitomized. Be happy with what you get. Go into a move with your gain and loss stops in place. Remember the old but wise expression, "No one ever went broke taking home a winner."

Use a reliable and effective forex trading platform

There is no sense in going into a move with everything in place only to find the execution was poor. You need a reliable and fast trading platform with good spreads and a low minimum start up requirement. In fact, you can click on the link below and find a very good on line forex trading platform that I recommend.

Good luck trading this upcoming week.

By : Blake Rice - http://www.fxprofits.info/

Commodity Forex Online Trading

If you are even a bit part player on this planet you would certainly have heard all the buzz about Spread Trading. From here to Timbuktu everyone and their aunt is getting online with this amazing way of trading in the worlds forex, stock and commodity markets. As it is so easy to start trading here are a few pointers to bear in mind before you start trading online with your hard earned money.

Firstly. Start off small.

While you are learning the ins and the outs of trading take time to get to know the market, the players and more importantly your own psyche.

Paper trading first will give you a great idea if you are on the ball or if you need to spend more time honing your skills before taking the plunge with your money. Find out what the smallest amount you can start to trade with and stick to it. Don't double up if things go bad. Know in advance what you are willing to play with and do not go over.

If at all possible, get the advice of someone who has traded for a while and see what they do. Getting to know what other people think of a market is a very good way to help you get accustomed to the market too. Read as much information as you can on the market and trading in general. Learn different strategies as there is certainly more than one way to profit from the markets and there are some excellent sources of information available to help you.

Set yourself a stop.

Even before you put on a trade make sure you know where you are comfortable to get out if things go against you. Set a price and stick to it. If you are comfortable with losing 10% on a trade, set a stop and you will be comfortable knowing that you have put a limit on your loses.

Getting to know the hows, the whys, and the what force of online trading will definitely make you a much better trader in the long run. Taking a little more time with you preparation before hand can help eliminate the silly mistakes which can set you back before you have even begun.

By : Tony Perrin - http://www.onlinefxtrading.co.uk/

Learn Forex Trading Online Tips

Forex trading, often called "FX," is the practice of trading currencies for profit. A forex trader buys one currency and simultaneously sells another, hoping to realize a profit from any variance in valuation between the two currencies. Because currencies are the largest market in the world, there are many opportunities to profit. So, how do you learn to trade currencies? Fortunately, there are many excellent free resources that can help you learn forex trading online.

Learning To Trade Currencies Online

In the past, if you wanted to trade currencies, you were forced to buy expensive courses, attend high-priced seminars that often required traveling to other states and purchasing cost-prohibitive computer programs that allowed you to tap into the trading activities of more experienced traders.

Today, all of that has changed. You can learn forex trading from the comfort of your home without spending outrageous amounts of money on courses and seminars. There are several resources online that will not only teach you the fundamentals of trading currencies, but will share basic, intermediate and advanced strategies of trading while showing graphical examples of such strategies to ensure clarity. Further, this information is often offered free.

Watching Other Forex Traders

Many websites that offer free tips and even entire courses on forex trading principles and techniques are run by experienced currency traders. These are men and women who often have years of trading experience and can offer their insights regarding the best forex trading techniques to use in various markets. Some of these experienced traders even conduct free online workshops which allow you to virtually look over their shoulder and watch as they trade in particular markets. Watching these advanced traders is one of the best ways to learn real trading techniques that work in today's currency markets.

Preparing To Trade Currencies Live

Learning in a classroom setting is not the same as conducting live trades. Once you learn the basics of forex trading strategy, you should prepare to do a few live trades. After watching over the shoulders of experienced traders, you should have a good feel of what to expect. Part of learning how to trade currencies involves knowing what signals to watch for in your particular market and staying on top of those signals. If you know these things, you are likely ready to trade forex live.

How To Get Started Trading Forex Online

You only need a few things to begin conducting live currency trades. First, you obviously need a computer with access to the Internet. Second, you need access to an information source that can provide you with real-time signals so you can keep on top of your market. Third, you need a small amount of cash to begin trading. Lastly, you need calm nerves. Though forex trading is potentially very profitable, some people do lose money.

Once you have decided to learn forex trading online, you need to begin learning the basic strategies of trading currencies. After you have mastered the basics, begin learning some of the advanced techniques of forex trading. You can often access this type of information for free online along with clear examples that will help you understand the currency markets. Remember, although there is a high potential for profit, there are significant risks to trading currencies.

Try to learn from the best traders in the world by attending online forex trading workshops. After doing the above, you will likely be ready to start making your first few trades live.

By : John Ruddell - http://www.learnforextrading.co.za/

The Best Custom Forex Indicator For Forex Online Option Trading

If you are looking for the best custom forex indicator for online option trading, you have come to the right place. We have included some of the most common, most simple, yet reliable custom indicator. Currencies can only go up, down, or sideways. Try to remember the old acronym K.I.S.S. when it comes to forex. The simpler the better. After all, keeping it simple is not only easier, it is usually more successful than complicated, cluttering indicator techniques. Forex online option trading can be very profitable but you need to have the best custom indicator to do so. So, without further to do, here is the list of techniques/strategies/custom indicator:

The Probability Approach

A very simplistic (perhaps too much so) approach to forex. It is as simple as counting. The probability approach is based on nothing more than pure chance. When an options premium is priced it is based mostly on probability, or, the likelihood that it will be profitable. Therefore, if a premium is priced at 50% of the value, then an assumption may be made that there is an estimated 50% chance that this option will turn out to be profitable.

Can using this method alone be profitable? Theoretically yes, however due to the virtually unlimited amount of data, it is not known in what order the profitable options will appear. The likelihood of success with online option trading using this custom indicator will be greatly improved upon if you use it in conjunction with the another indicator, such as the one listed below.

Support and Resistance

Support is defined as a level where price tends to stop as it is moving down, and as a result provides support. Resistance is just the opposite of support. It is where price tends to stop while it is moving up, and thus meets resistance. Support and Resistance (S/R) levels give clarity to predictions of future price movement.

When S/R levels are observed price is expected to reverse when these areas are met. When rates break through S/R levels it is expected that new highs and new lows will be reached. Usually S/R occurs when previous levels of support become future levels of resistance and when previous levels of resistance become future levels of support. Following this principle will greatly aid traders in successful predictions.

It is important to remember that the best custom forex indicator for forex online option trading is usually a combination of two indicators. These approaches are tried and true. Do not forget to build your confidence and test your methods through a demo account before you use actual money.

One last thing, if you are looking for real consistent gains try and find a reliable and effective trading platform. If you click on the link below you will find the best in the business.

By : Howard Teel - http://www.fxprofits.info/

Learn Forex Online Without Losing Your Pants

Can you learn forex online and be an effective currency trader working from home? The answer is yes. In the past, only bank and large financial institutions could trade foreign exchange because you needed millions of dollars in order to trade. However, with the advent of the Internet, retail traders like you and me can now trade forex using online trading brokers. You can open a mini trading account with many online broking firms for as little as US $100.

The foreign exchange market is the largest financial market in the world today with a daily trading volume of about US$1.7 trillion a day. It operates nearly 24 hours a day and 6 days a week. Only 5% of that daily turnover is from companies and governments hedging their currency exposure or regulating their countries' currencies. The other 95% is entirely speculation by retail traders and banks! There are many ways of trading forex. You can trade based on news, fundamental and technical analysis, by economic indicators, short term, long term, you name it. However, the key to forex success is education, a simple trading system and trading discipline.

Anyone can open a forex mini trading account, get 50:1 leverage and start trading currencies. These are the ones who quickly find themselves on the losing end when the leverage works against them. The high leverage works both ways, making $1000 work like $50000, giving you better profit potential but also multiplies your losses when the trend turns against you.

Worse still, there are many new traders who buy an off the shelf forex trading system promising easy 123 buy and sell signals to generate thousands of dollars in income day after day. If they were really that good, everybody would be making bucket loads of cash from the forex markets and put all the financial analysts and professional traders out there out of work.

Getting Started

So what are the things you can learn about forex trading online? Well, to start with, here are some areas you can look up on the internet.

1. Forex terminology and how forex trades are done.
2. Forex markets hours, and major currency pairs
3. Factors that move forex rates, economic news, interest rates, economic data
4. Learn how to read charts and patterns, eg. Japanese candlestick, trend lines, support and resistance.
5. Learn technical indicators, eg. moving average, MACD, RSI, stochastic. Bollinger band
6. Learn a handful of proven strategies employing these technical indicators and chart patterns.
7. Sign up for a demo trading account and practice using the software to enter trades (Try out the strategies you learnt earlier)
8. Open a mini trading account and practice strict risk management in your trades. Keep your leverage low during practice.
9. Develop a mental and emotional discipline in your practice trades.

The last two items on the list are perhaps the most overlooked area for new forex traders. Most new traders focus on the mechanics of trading and fail to develop prudent risk management and disciplined trading. Most traders fail not because they don't have a successful trading strategy but because they fail to follow it by letting their emotions rule their head.

So, to be successful in forex trading, invest in a good education. If you cannot learn everything about forex online, take a home study course and find an experienced mentor to guide you. Before you invest in the forex market, invest in yourself first.

By : Christabelle Chiam - http://www.forexsecretweapon.com/

Online Forex Trading Course - The Virtual Traders Class Room

Over the past couple years, Forex has become a large business to many and has grown to be the largest financial markets in the world. Reason being is mainly due to the simplicity the Internet has brought to the trading arena allowing traders to trade right from their very own homes. Due to this, a increasing number of sites have now started offering people the option to learn the forex markets. These online forex trading courses give the traders the education they need to succeed in this lucrative business.

Although many of these sites do offer these courses, not all are free for the trader to participate in. Price tags can sometimes be very high to the average Joe but the most promising and respectable online forex trading courses are usually well in reach to most aspiring forex traders. When you are looking for a online course to take, there are several things you might want to look for.

1. Who is the company that is offering the course?

2. What is their objective to offer you this online course?

3. Are they just looking to offer the course to get you to sign up with their own trading service?

4. When looking at the promotion of the course, do they push their products and service noticeably so that you will end up buying something from them?

When answering the questions above you can usually pick out the companies that want to actually teach you something about the forex markets or the ones that just want to sell you their goods and services.

Also, it would be a smart idea before you actually take the course, if you have to pay, to check with them and see actually what they are going to teach you. Then you could check around to see if you can find this information elsewhere for free before having to pay someone for it. What they offer typically needs to be unique because a lot of information is already available on the net.

Also, if you are rather new to the online forex world, take a day or two and search forex forums. Fore forums are sites where other like minded people (people with interest in forex) come together and post threads and messages with tons of information. Also, people are their to help answer any questions you might have. You may even find somebody that can give you a review on the company that you were thinking of taking the online forex trading course with.

So when looking for a legitimate online forex course, look for something unique that is being offered. If you can find it elsewhere then there is no need to pay for it. The course should answer detailed questions about the forex market because this is a serious business. It is very important to get the best and right information from the beginning or you could be on a path to a blown account in no time. Education is the key.

By : Adam Hefner - http://forextrading101.info/

A Beginners Education in Forex Online Trading

Forex trading is the most lucrative trading in today’s trade world and it seems everyone is ready to jump into the bandwagon of Forex trading. However, it is not as simple as it seems to be. To know how the Forex trade works, you need proper education about Forex and currency trading. Here comes in play the beginners education in Forex trading.

Beginners education in Forex trading is ideal training for those who are new in Forex and currency trading. This education lets you understand the basics of Forex trading, how it works, benefits of trading Forex and how to make profits by selling and buying currency pairs.

If you are a new player, you can do your homework with books available in the market. But the online sites offering beginners’ education in forex trading has an advantage as you can do demo trading in simulated conditions to get the “feel” of the market with out bothering about profit or loss. You will be amazed to find that just after few trades, the complex concepts seem to start making sense and you begin to understand Forex trading.

Your beginners’ education in forex trading site should provide:

Trading Basics
Introduction to Forex
Theories of exchange rate determination
Economic Indicators
Introduction to Technical Analysis

Primarily the beginners education in Forex trading should start with basics of the trading like the procedure, the actual market, definitions of terms used, frequently asked question, a forum and of course an online help desk. In this online help you should be able to ask your questions which will be answered by the professional experts.

See if you can pick up a program in online Forex trading that is being offered by a regulated brokerage firm. They are bound by federal laws to disclose all their transactions. You can find out their performance from Commodity Futures Trading Commission or National Futures Association Home Page.

The beginners’ education in Forex trading service should allow you margin trading -- it is simply the trading with borrowed capital. This lets you open $10,000 or $100,000 positions with as little as $50 or $1,000. You can conduct large transactions, very quickly and cheaply, with a small amount of initial capital.

The education in Forex trading site should be supported with software that can instantly calculate the spread, your sell or buying price etc. The guide should make their predictions based on market trends and not on predictions or speculations.

A good beginner’s education in Forex should offer real-time charts, technical analysis tools, real-time news and data, and software or website support. You should avoid such sites that offer limited information before you open the actual account.

By : Paul Bryan - http://www.investawise.com/

Forex Software - Choosing the Best

When it comes to forex trading the forex software you choose is essential. There are so many forex trading companies all competing for your business that choosing the right forex software can be quite a difficult task. Most of the forex software products available offers live online forex trading platforms but what other components are vital when it comes to your forex software.

Key Elements For Your Forex Software

Before purchasing any forex software there are a few essential items that should be included. The most important is security and your online forex trading software should include a 128 bit SSL encryption which will prevent hackers from accessing any of your personal details and information such as your account balance, transaction history, etc.

Providing the best security for your forex trading will include a company that provides 24 hour technical server support for your forex software, 24 hour maintenance should anything go wrong, daily backups of all information, and a security system that has been designed to prevent any unauthorized access. Along with these security protocols there are also some forex trading companies that use smart cards and fingerprint scanners to ensure that only their employees can have access to their servers.

Another important factor when it comes to choosing your forex software is to check what the company’s downtime is like. When it comes to trading forex and particularly your online forex trading you need to ensure that the forex software you choose is reliable and available 24 hours a day. The forex software you choose for your forex trading should also have technical support available at all times should your session be cut short.

Ensuring that all the above features are listed in the forex software you choose will help to ensure your forex trading success.

By : Oliver Turner - http://www.leandernet.com/

Forex Trading - Why It's NOT Easy To Win - Do You Have What It Takes?

I am an experienced forex trader and have been trading for 25 years and it amazes me the amount of copy I see that tells me it's easy! Its not and you wouldn't expect it to be with the rewards that are on offer. Do you have what it takes to be a successful forex trader? Read on.

The first point to make is:

You Are Responsible!

Yes you! Not the guy who sells you a forex trading system, e-book, or your broker -You are in charge of your own destiny and anyone who wins and makes money in anything accepts this.

If you are the type of person who can't accept responsibility, save your money and do something else forex trading is not for you.

Learning the Right Education

You don't have to work hard to win - you have to work smart and ignore a lot of so called wisdom you will see on the spouted by gurus and self proclaimed experts.

Here are some common forex myths, believe ANY of them and you will lose.

- Day trading makes money.

- A hypothetical simulated track record from a vendor is a good indication of profit potential.

- Markets move to a scientific theory.

- Predicting in advance is good way to make money.

- A complicated trading system has more chance of winning than a simple one.

- The More I trade the greater my chances of success.

- My risk to reward is my profit target - my stop.

- I trade news stories to generate trades.

If you believe ANY of the above statements you will lose.

If you want to win you need to learn the right forex education and that means not just taking charge of your destiny - but developing a simple robust forex trading system you can apply with discipline. This is one you understand the logic of and have the confidence, to apply with discipline.

95% of forex traders lose what makes you think you will win?

This is your trading edge and a trading edge is vital to succeed - you must know what it is and have confidence in it, to take you through inevitable losing periods to long term currency trading success.

Trading is based on not just a sound method but the ability to keep applying it even when you're losing and that's tough.

You will read a lot about how easy forex trading is and if you buy this or that system, you will enjoy success but life's not that simple.

Most of the vendors and trading systems sold are junk and have never been traded and the vendor is not a trader but a marketing person.

They only ever have simulated in hindsight track records, but in the real world you don't have the benefit of hindsight!

Naive and lazy traders think they will make huge profits with them. They don't of course; they simply learn a painful lesson in the reality of life and forex trading.

The Good News!

If you like a challenge, have the desire to succeed and learn forex trading the right way, you can win - anyone can, as everything about forex trading can be specifically learned.

The rewards can be life changing - all you need to do work smart not hard and have an understanding of the markets, your systems logic and the confidence to apply it all with discipline.

If you are up for the challenge, the forex markets will give it to you. Approach them in the right way and you could soon be enjoying currency trading success that could change your life forever.

By : Kelly Price - http://www.learncurrencytradingonline.com/

4 Types Of Technical Indicator You Need When Trading Forex

If you have any experience in using any kind of charting packages to assist you with your forex trading, you will know that there are endless different technical indicators you can use. In this article I'm going to be asking what are all these indicators and which ones do you really need?

As you can guess from the title of this article, there are essentially four different types of technical indicator and they are as follows:

1.Trend indicators.

MACD, Parabolic SAR and the various moving averages are a few examples of trend indicators and they can all be used to identify a trend. It's widely argued that you should only trade with the trend so all of these indicators will help you to take the decision out of your hands, and therefore dictate which way you should be trading. Your only decision now is at what level to enter the trade.

2.Momentum indicators.

These types of indicators are essentially oscillating indicators and are most useful for determining overbought and oversold positions and can be very useful in signalling the start of a new trend. Examples include RSI, Stochastics and CCI.

3.Volume indicators.

As the name suggests, these types of indicators show the volume of trades behind a particualr price movement which can be extremely beneficial because a price movement backed up by high volume is a much stronger signal than a price movement based on low volume. Examples here include Chaikin Money Flow, Force Index, Money Flow Index and Ease Of Movement.

4.Volatility indicators.

Volatility indicators generally use ranges to show the behaviour of the price and the volume behind any movements. This is useful because any dramatic change in behaviour can provide a good entry signal. Common examples include Bollinger Bands, Average True Range and Envelopes.

So there you have the four different types of technical indicators available to you. Which ones you use is entirely up to you, but it's generally advised that you have at least one type of each in order to provide additional confirmation for entering a trade.

Trading forex using technical analysis is all about probabilities in that when you enter a long position, for example, you want all of your chosen signals to be signalling an upwards movement, therefore indicating a high probability of an upwards movement taking place.

If you use a strict stop loss policy and use these different types of indicators to confirm positions, then over time this high probability trading method should provide you with more winners than losers in the long run.

By : James Woolley - http://theforexarticles.com/

Forex Home Trader - Facts You Need To Know About Trading Forex

Forex trading (foreign exchange) become the latest trading activity for beginner traders. Some of them see this as an opportunity to earn a living by trading from home as a Forex Home Trader. The foreign exchange market also known as the "Forex" is the trading between different currencies of different countries. This very liquid market only became available online for trading, to the individual private trader in last couple of years.

Every currency has it own three-letter symbol that will represent that country of the currency that is being traded. For example, the Japanese Jen is the JPY and the United Stated dollar is USD. So you will note that these currencies are always quoted as USD/JPN

These trades are facilitated through a Forex broker, with whom you will sign up, in order to get your own online trading account. It is strongly advised that you first sign up for a "Demo" trading account where you can trade currencies in a simulated environment - so none of your own funds will be used in "real time". This type of account is excellent for developing your own trading strategy and for you to get the feel for the markets; it also prepares you for trading your own funds in a "Live" account. Warning! The degree of discomfort in trading in "Demo" mode varies greatly from "Live" trading as there is quite a difference between trading "cyber money" and trading your own funds "Real time". Sign up for various "Demo" accounts at various brokers and test drive their online trading software or trading platforms - make sure that you start trading with the software you are most comfortable with, it is only in you own interest!

Be very aware of the following: You can lose some or all your funds in trading the Forex market! This market is extremely fast and some times very volatile! - ensure that you complete at least a comprehensive Forex trading course and try to enlist the help of a seasoned Forex trader that you can use as a mentor, before starting to trade actively in the market. To lose a lot of money in a trade when the market goes against you is not easy, you must be mentally strong to absorb you losses and have the drive to learn out of your mistakes!

Ensure that the broker or Forex Company which you decide to trade through is fully authorized to deal in Forex. In the United States, numerous rigid new laws and regulations regarding the trade of Forex for US citizens are being implemented. If you are searching the internet for a Forex broker, ensure that you read the "fine print" on their brochure, proposal or website - make sure that your company or broker is legal.

Before entering any trade make sure that you did your homework, did you do Fundamental analysis of the markets - take a look at your economic calendar, what are the other countries doing? Will there be announcements that will influence the currency you are going to trade? Did you decide where your entry and exit point will be? Do not forget to set your stop loss! Otherwise your trade can be disastrous for you if the market turns against you and you don't get out of your trade in time.

Remember that by preparing yourself well before entering any trade in Forex, can only benefit your own pocket, so be informed and enjoy Forex Trading!

By : Rowan Cole - http://www.forexhometrader.net/

Online Forex Trading And The Fundamentals Of Economy

The Forex market is a global entity that embraces most of the economies of the world and which behavior reflects a number of factors that at the end determine the performance of the countries economies, and being more specific for our Forex purposes, the performance of their national currencies.

When trading Forex you will need to approach the markets with the highest amount of knowledge you can gather so you can understand what the currencies are doing and why the price goes up or down. The are two kind of analysis you can use for this purpose; one is Technical analysis and the other is Fundamental analysis.

Technical analysis is aimed to the study of charts and the behavior of prices from a more mathematical point of view. And it's from this kind of analysis that most indicators derive as Bollinger bands, Moving Averages, Fibonacci levels, etc.

But there is also the Fundamental analysis. This kind of approach is mainly based on the economic performance of a particular country and its currency. It's also based on political events, natural phenomena that affect a country's production capacity, etc. Also as factors that influences the value of a particular currency we could mention the acts of Congress regarding corporate tax structure, labor legislation reforms; of course the amount and direction of military spending, specially in times of global instability. Even the Supreme Court rulings on different issues can have an impact on the value of the currency in the international markets.

Without any doubt the Internal Revenue office will have also an important influence on the forex market with their rulings on corporate or personal tax , also the Commerce Department's forecasts, prices for agricultural products, etc. Almost all important events in a particular country will have an influence on its currency.

As a forex trader you should always have an eye on these events, at least the most important ones so you can have a reliable indication of what course will the forex market take and act accordingly always with the intention of having profitable trades.

By : Adrian Pablo - http://www.1-forex.com/

Online Forex Trading - Is Online Forex Trading Becomming Too Advanced?

Anyone can participate in the lucrative world of the foreign exchange market through online forex trading. The World Wide Web and the internet revolution have caused a dramatic change in the way foreign exchange trading is conducted. Prior to the start of online foreign exchange, forex trading transactions were typically done through the posting of orders to brokers and banks via phone, faxes or in person. Trading was only done during business hours, as with all other activities related to foreign exchange trading such as making deposits and profit taking.

Today, due to the advancement in networking technology, the internet has altered the foreign exchange market drastically, providing for such conveniences as credit cards as well as trading around the clock. Online foreign exchange trading happens in real time with exchange rates changing constantly in intervals of just a few seconds. The quotes shown are only accurate for the specific time they are displayed; and a different rate may be quoted at any given moment. In online forex trading, when a trader executes his transaction after locking in a rate, this transaction is processed at that very same instant, executing the trade instantaneously.

Anyone with an internet connection can participate in online forex trading. To do this, a trader is typically required to register at a trading platform and deposit funds to smooth the progress of trading prior to starting on any transactions.

Requirements for registration vary with every platform; signing up as an individual trader online may oblige you to fill out simple or time consuming forms depending on governmental requirements. Some of these platforms may also require a face to face meeting and hard copies of all the documents needed for registration.

Individuals need to declare that the funds they deposited to facilitate trading did not come as a result of any illegal act such as money laundering. In addition to this initial deposit, some trading platforms may also require a maintenance margin or activity collateral. These are additional amounts are needed to provide an additional guarantee and are usually frozen under the trader's account.

Traders who participate in online transactions may also be required to download and install software applications specifically created for their trading platforms. As a result, the ability to access your online foreign trading account is limited to terminals that have the software installed. There are, however, some trading platforms that are accessible through a web-based interface which may be accessed from anywhere using a web browser. These trading platforms will only require traders to log in using their account details after which they can make deposits or start trading.

By : James C Hardy - http://www.forex-trading-platform.org/

Discover Forex Daytrading

A day trader is any trader who makes several trades per day, buying, selling, entering and closing out a trade in the same day. Forex daytrading is the same thing, only instead of trading stocks, forex traders buy and sell currencies.

Forex day trading is usually referred to as simply forex trading, but all day traders, whether they trade in stocks or currencies, attempt to increase their return by taking advantage of small price (stock) or rate (currencies) changes. Unlike buying stock in a company and waiting over the years as the company grows and the stock value increases, maybe even waiting on retirement to sell the stock or planning to leave it to children or even grandchildren, forex daytrading is not an investment that you make and then leave it alone to let it grow over time. It will not grow, exchange rates fluctuate too quickly.

Forex day trading requires an investment of time as well as money. Time must be taken to educate oneself in forex daytrading.

Until internet forex daytrading became so popular, only large financial institutions and corporations were involved in trading foreign currencies. Some people trade forex as a hobby and some make a career out of it. Forex daytrading professionals are intelligent well-educated people. They understand the trends and charts that make forecasting possible.

Forex day trading is similar to trading in the futures market, except that the liquidity is higher and the trading costs are lower. Also, because there is no central physical market, like the NYSE, forex daytrading can be carried out at all hours of the day and night. There is always a bank open somewhere in the world. In the world of forex day trading there are no exchange fees, no commissions paid to brokers, and low transaction fees. All of the fees and commissions reduced profitability for conventional traders in the futures market.

Sign on to any computer, go to any website search engine and type in forex daytrading, forex trading or simply forex. Most of those websites that come up offer platforms for trading. Some simply offer information. Others offer forex day trading education. This is where the forex trader lives, online, not on the floor of the NYSE. Forex daytrading can be risky or profitable, exciting or frustrating, but never, never boring.

By : Dan Ho - http://www.forex-trading-reference.com/

Forex Trading Online - 7 Reasons Why You Should!

Forex trading online is a fast way to use your investment capital to it's fullest. The Forex markets offer distinct advantages to the small and large traders alike, making Forex currency trading in many ways preferable to other markets such as stocks, options or traditional futures. Here are seven reasons why you'll want to look into Forex Trading online.

1 - Forex is the largest market.

Forex trading volume of more than 1.9 billion, more than 3 times larger than the equities market and more than 5 times bigger than futures, give Forex traders nearly unlimited liquidity and flexibility.

2 - Forex never sleeps!

You can execute forex trading online 24/7, from 7AM New Zealand time on Monday morning, to 5PM New York time on Friday evening. No waiting for markets to open: they're open all night! This makes Forex trading online a very attractive component that fits easily into your day (or night!)

3 - No Bulls or Bears!

Because Forex trading online involves the buying of one currency while simultaneously selling another, you have an equal opportunity for profit no matter which direction the currency is headed. Another advantage is that there are only around 14 pairs of currencies to trade, as opposed to many thousands of stocks, options and futures.

4 - Forex Trading online offers great leverage!

You can make the most of your investment resources with Forex trading online. Some brokers offer 200:1 margin ratios in your trading accounts. Mini-FX accounts, which can typically be opened with only $200-300, offer 0.5% margin, meaning that $50 in trading capital can control a 10,000 unit currency position. This is why people are flocking to Forex trading online as a way to highly leverage their investments.

5 - Forex prices are predictable.

Currency prices, though volatile, tend to create and follow trends, allowing the technically trained Forex trader to spot and take advantage of many entry and exit points.

6 - Forex trading online is commission free!

That's right! No commissions, no exchange fees or any other hidden fees. This is a very transparent market, and you'll find it very easy to research the currencies and the countries involved. Forex brokers make a small percentage of the bid/ask spread, and that's it. No longer any need to compute commissions and fees when executing a trade.

7 - Forex trading online is instant!

The FX market is astoundingly fast! Your orders are executed, filled and confirmed usually within 1-2 seconds. Since this is all done electronically with no humans involved, there is little to slow it down!

By : Keith Thompson

Forex Trading Signals

Most Forex firms offer sending their subscribers Forex signals, which are used to buy and sell currencies. Forex signals are referred to as entry and exit signals.

Forex firms do a tremendous amount of in-depth research and analyses dealing with the currencies their dealers are trading in. Signals are usually sent out and only are active for a short period of time.

The first signal is sent out at 08:30 and remains actual until 12:30. The second signal is sent at 12:30 and is actual until 16:30. Lastly, the third signal is sent at 16:30. These times are all given in GMT, so be sure to adjust for local time changes.

Forex trading and dealing is an extremely competitive business. Investors tend to subscribe to Forex dealers and companies with great references and background.

Their information tends to be more accurate and genuine than their less experienced competitors. Institutional clients and individual investors alike can receive Forex-trading information and data from Forex dealers and other Forex experts.

A Forex trading platform or hub is used to give Forex dealers signals or Forex indicators. These signals or indicators are specific entry and exit strategies.

Due to the fact that Forex has exploded across the Internet, most Forex dealers get the information delivered straight to their computer or by email.

After they receive that information, it is then that they decide if they want to buy, sell, or hold the currencies until they are provided with more information.

Companies take extreme care and pay specific attention to detail when sending Forex signals to the currency dealers.

By : Milos Pesic - http://forex.need-to-know.net/

Learn Forex Currency Trading Online

Forex currency trading is now one of the hottest trading markets in the world today. So by learning about Forex currency trading online you could not only open the door to some incredible investment opportunities, but you may also be able to build a much more diversified investment portfolio for yourself. So how you learn forex currency trading online? Well in this article I will attempt to provide you with some information that will answer this question.

Recently, many people have become interested in forex currency trading online possibly because they heard of the large amounts of money that can be made. As a result, many big companies have now set up online currency trading operations. These websites are certainly of great help to anyone who is actually interested in learning about online Forex currency trading for themselves.

These forex currency trading websites provide you with training methods where you can learn about the subject of online Forex currency trading very easily. They will provide you with details on what are the securest and safest places for you to conduct your online trading and also how to use the various online tools and resources.

There is one particular site where you can learn about Forex currency trading online. It is the "Forex Online Trading Program" which as been created by the National Futures Association (NFA) at www.nfa.futures.gov. It starts by teaching you the basics of forex currency trading and as you progress through each step, it will provide you with the answers to any questions you may have about forex currency trading.

It is important when you are looking for a site that provides online Forex training to choose one where you will be comfortable and will be able to easily follow the information that are provided to you. Forex forums are an good source of information and you can get answers to questions you have from more experienced forex traders.

By remembering the above points, you should be able to find a good forex currency trading website that will help you find some incredible investment opportunities in the future.

By : Ricky Lim - http://www.learn-forextrading.net/

Forex Online Trading Systems - The Engine of Trading

If you were to have a car and no engine, you would not be going very far any time soon unless you had some magical powers to whisk you away where ever you wanted. The engine is the heart of the car. The engine in forex markets represents the mass amounts of forex online trading systems created every day.

Forex online trading systems make their mark as the guide behind your trading. Rules, ideas, philosophies all fall into either you own personal forex online trading system or someone else’s system. Since the Internet is the home base to most forex transactions. Many developments of online trading systems have become a common practice with most forex traders. All people are out to find what they call the “Holy Grail”, a system that leads them to the most profits and least risk. If you believe there is such thing, that is on you.

Forex online trading systems are readily available on the Internet. Most of them you can find for free on others web pages, forums, or with a basic search in the search engines. Others may charge you for there system since they believe that is a very profitable set of rules that could make you beyond wealthy from the forex market.

It is a common perception that to be able to truly become wealthy through trading the forex, one needs to have a proven forex online trading system. That’s why so many forex traders spend more of their time testing new forex online trading systems than actually trading the markets. It is the brain behind your investment and once you build that brain with your knowledge and techniques, it does the rest of the work for you.

By : Adam Hefner - http://www.forextrading101.info/

Learn Forex Currency Trading Online - Graduate With a Forex Degree

Forex trading, or foreign exchange trading, deals with trading in a special commodity market that allows an individual to buy or sell currencies at different quote rates through a 24 hour period. This could seem a little overwhelming to a new investor to this market. With online venues, it has become almost an essential to learn forex currency trading online.

With the internet being the number one resource of information today, there is no hiding that there are an enormous amount of sites dedicated to provide educational information on forex trading. Most forex brokers offer free educational service to anyone that signs up. Forex forums, blogs, and chat rooms will help you learn forex currency trading online.

Most of the educational components that these sites and brokers offer are live online web-cast, detailed videos, vivid charts, downloadable lessons and sometimes one-on-one mentoring with professional traders. One can also obtain relationships via forex forums and use online IM's (instant messengers) to communicate with one another. Features on these differ from what features each IM program has to offer.

Educational cost to learn forex currency trading online can be in the range of free to costing you thousands of dollars. Some say that all information to make you successful can be found for free. The educational steps that are typically taken are first learning the basics of the forex market. Once you obtain a feel and how this market works then most start to adventure out and try to learn advance techniques that they can further utilize for their own strategies to tackling the forex market.

A big key to trading forex is to have a education or basic knowledge of what you are getting into. One big mistake is that traders enter this market not prepared and leave with a soar account. Take your time and keep patience. Learn at your own pace and try not to get overwhelmed with all available information.

By : Adam Hefner - http://www.forextrading101.info/

Online Forex Trading Explained

The object of all individuals involved in online forex trading is to make money by buying one currency when it seems to be under-valued, hoping that its price will rise compared to the currency they sold. What makes Forex a truly unique market is that it operates non-stop during the business days and is the largest financial market in the world with an estimated turnover of $1.5 Trillion a day. The market operates 24/7 Monday through Friday, because as the Asian market closes, the European one opens, then the US one, and so on.

The online forex trading business is all about currencies. If you notice a typical forex chart, you will see that the currencies are grouped in pairs, noted by XXX/YYY (international three letter codes for the currencies). For example, EUR/USD is the price of the euro expressed in US dollars. Over 80% of all currencies are traded against the USD, making the USD the most traded currency, followed by the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), and Swiss Franc (CHF), these currencies are called the majors.

Other forex related reports show that just over 5% of all traders are able to profit consistently. The forex market is a difficult one to master, so if you want to be successful, you must be knowledgeable, have a sound strategy coupled with a tested online forex trading system and the psychology if a winner. Some of the factors which determine the movement of currencies are political situations, news, official government statements, and economic trends.

Perhaps the biggest advantage of forex trading is that there are no borders, which enables individuals from around the world to participate, regardless of their nationality or geographical location. Opening a Forex account has never been easier than now, with great opportunities available online. There are many forex trading websites where you can open an account and begin participating in this exciting market.

Having a forex trading strategy is important for your success. The forex market can be very tricky, so it's best to start with small trades if you are new to this. There are strategies which rely on mathematical models and analysis of forex charts and graphs for a given currency pair. Other approaches are based on more obvious factors such as political news and situations. The best way is a combination of both methods.

To start trading on the FX market, you need to set up an account with an official broker. There are plenty of brokers available on the Internet, so choosing the best one will require a little research from your end. Different brokers have different terms and conditions for opening an account. Most require a deposit of anywhere from $50 to $2000.

Forex websites require you to register for an account and then fund your account (using a credit card, or bank wire), after doing that, you will be able to access to their online trading platform. Although trading platforms vary with their features, they all have the same basic function.

If you are new to online forex trading, it’s a good idea to start with smaller trades until you get some experience, and NEVER risk more than you can afford to lose.

By : Noel Clarke - http://onlineforextradingplatform.blogspot.com/

Forex Currency Trading Online - 5 Steps to Avoid Tragedy

Like you, every single person that chooses to begin Forex currency trading online does so with the sincere intention of making money. 100%, including you. Nobody intends to lose money, yet the statistic of 90% losing their money is very real. This is a real tragedy, because the problem does not lie with the abilities of the people or the inherent difficulty of currency trading online.

Forex currency trading online offers a very real and very achievable opportunity for those that will simply approach the matter in a sensible manner and follow the proper steps to reach their goal of consistent profits. There are several components to a trader’s development into the confident trader that produces consistent profits. Just like price gaps as in the markets though, gaps in a trader’s education will have to be filled before the end-goal is achieved.

The main reason that the statistic in currency trading online exists is because those people choose to focus almost exclusively on making money right now, and not on developing themselves and their Forex currency trading online business. Thus the gaps cause them to lose their money before they’ve filled their educational and developmental gaps.

Most second-wave traders have been forced to realize this, and subsequently take a more realistic and business-like approach to their currency trading online. They realize that they missed some steps and now consciously pursue them, so that they can have greater odds of success and end the vicious cycle of regular and repeated large losses that they experienced as first-wave traders.

Here are the five steps to avoid the tragedy so commonly found in Forex currency trading online.

Step 1. Develop a thorough understanding of currency trading online. This means what the markets are really about, what drives them, how to read a price chart, etc. The basics are essential to master.

Step 2. Seek out the mistakes made by others. There are over 39 different mistakes commonly made by traders. This means that there are numerous opportunities to lose money in currency trading online. If you don’t make yourself aware of mistakes made by others, then that leaves you open to making them yourself – and paying the price.

Step 3. Treat your trading like the business that it is. Any endeavor engaged on a regular basis for profit is a business. Even the government looks at it this way. The more structured a business is, such as your currency trading online, and the more it includes sensible formalities such as reporting, the more consistent it will become. This is the end goal of most traders – consistent profits – so treating it as a business definitely assists in achieving that goal. Problem is very few know how to go about it. There are resources available on sites such as YouTube, so seek them out.

Step 4. Systemize your currency trading online, in addition to your system for placing trades. This goes hand in hand with step 3, but in more detail and from more of an operational perspective. A system is put in place to bring repeatability and predictability to an activity, and this is desirable in trading as well.

Step 5. Get a handle on your emotions as they are often the undoing of even the veteran traders. It is not necessary to try to be a robot and “turn off” your emotions. Just have an understanding of how your emotions play into your decision-making process and what factors affect your currency trading online, so that they can be your ally, not your nemesis.

Forex currency trading online presents a wonderful opportunity to those that will simply approach the endeavor from a business like and long term perspective. Most who enter currency trading online, do so very ignorant of what it takes and this is quite understandable, as it is something totally new to them. Education and seeking out the developmental resources to help you through these five steps will ensure that you give yourself the best chances of realizing what currency trading online has to offer. Give yourself a happy ending.

By : Brian McAboy - http://www.insideouttrading.com/

Online Forex Trading - How Forex Trading Can Make You Money

The world of online forex trading has enchanted and fascinated many investors all over the world. Players in forex trading run the risk of heavy losses and huge wins. Anyone who is planning to start forex trading should be know what he is getting himself into before embarking on the exciting world of online forex trading.

Forex trading refers to the buying and selling of world currencies. The foreign exchange market started in the 1970s through the introduction of floating currencies and free exchange rates. This market is one of, if not the largest, in the world trading more than USD 1 trillion in a single day. The foreign exchange market is different from another popular trading market known as the stock market. The forex market is different in such a way that the money moves through this market much faster, preventing any single entity from affecting the market price.

With the help of online forex trading, more and more individual and investors have been able to get into the fray, reaping the many benefits of this currency market. You can also participate in the world of foreign exchange trading. A simple way to do it would be from the comfort of your own home through online forex trading. Here are a few tips on starting getting started in the forex trading.

To start trading in the world wide market of forex trading, you will need to open a Forex account. This may be done rather easily; all you need to do is fill in an application and sign the agreement, allowing your broker to get involved at any given time.

After opening an account, you will then need to choose a strategy. There are different strategies for trading, so pick one that is best suited to you. Do not try copying successfully investors, instead, just take their experience into account and apply it to your own trading strategy.

Study! Be informed. To be successful, you will need to have a complete understanding of the trends in the market. Trends move prices in the market, so it is best to know the trends, and if possible, study historical trends to get a bigger picture of where things are as of the moment. Another important thing you need to be extremely familiar with is the different currencies involved in online forex trading. The top most commonly traded currencies are USD/Yen, Euro/Yen, Pound/USD, Euro/USD, and Swiss franc/USD. Charts should also be studied thoroughly and understood completely. Go through the charts daily, or even more frequently if possible. This way, you gain an idea of the trends and opportunities in the market.

These are just a few tips in getting you started. Remember, there is no better teacher than experience, so start slowly and see how things go.

By : James C Hardy - http://www.forex-trading-platform.org/

Online FOREX Brokers - A Brokers View Of Who Wins & Loses

As a FOREX broker in the late eighties and nineties, I traded thousands of clients and as you will probably guess very few made money. There were two groups that constantly lost and one group that won. Let’s look at one of these groups in more detail. In my first article on my broking experiences I discussed day trading and why you can never win at it.

Here I want to look at another type of losing trader – The Educated Fool. I have taken the above phrase from Jake Bernstein (an excellent writer on trading psychology) and every broker comes into contact with him. He is normally very clever, arrogant and, develops a complicated system, that promptly loses all his money.

The lesson here is:
Trying to be to clever when trading with an online FOREX broker will see you lose. The Myth. Today, we live in a world where we constantly marvel at the developments in science and technology, that are changing our world at lightening speed. Some of the developments are truly staggering and we can only marvel at some of the developments. Many traders see this appliance of science and believe that if they apply technology to the markets they can get a trading edge.

Think about it:
Your PC on your desk has more processing power than was available to Mission Control Houston, when they landed a man on the moon! You have charts, the capacity to back test huge amounts of data and a vast amount of online news available to you with the click of a mouse. So do all these tools increase your capacity to make money?

The Reality.
The answer is no and the facts support this:
Today 90% of traders continue to lose despite having better tools and FOREX education than ever before.

The fact is:
The appliance of all these new tools will not only not help you make money, they can also ensure you will lose. The Educated Fool The educated fool doesn’t understand that being clever and cocky is not a way to make money from trading FOREX markets. Generally, this person thinks he is clever and as a consequence invincible, but he is in for a hard lesson. I have seen numerous traders with masters degrees and incredibly clever, get obliterated in the markets.

What they don’t understand is:
Simple systems combined with discipline make money - not complicated methods and cocky attitude. If you read about the great traders (and a good place to start are the excellent books by Jack Schwager- Market Wizards and The New Market Wizards) which interviews lots of different traders all making money and guess what? They are all generally using relatively simple systems.

Why complicated systems fail
What the educated fool fails to understand is, that markets are essentially an odds game.

Cluttering a system with to many indicators means:
It is less robust than a simple system with few indicators. Furthermore, the educated fool when his system is not working tends to think more is better! So, he clutters his system with more and more variables and indicators and this ensures it fails. In the markets you get your reward for being right – not being clever. If you want to be right, a simple system (with just a few indicators) will in most cases beat a highly complicated system.

The facts of winners to losers supports this view.
Most traders who succeed use simple systems and are humble and they know the market can and will make them look stupid at times. I remember one trader a very clever man, with a higher degree in maths saying to me: “I can’t understand why my system doesn’t work, I will make it work” My answer of: “Why don’t you try getting a new system?” Fell on deaf ears and another educated fool got wiped out.

By : Sacha Tarkovsky - http://www.net-planet.org/index.html

Online Forex Broker - Do I Really Need One?

Having an online Forex broker can give you better access if you are an individual who does not like to trade directly. This is because the online foreign exchange broker is a person who advises the trader. They are an intermediary that provides information, such as trading strategies, real time quotes, and news feeds. There are also a lot of web-based Forex brokers who also provide the service of making charts for the traders, which can help the trader make a better decision.

One of the best benefits of an online Forex broker is that it has the benefit of overcoming the fact that in the past only banks had access to the Forex market. But because of web-based Forex brokers individual traders now have that access as well. This means that the online foreign exchange broker can now trade on behalf on any individual, allowing them complete access to Forex rates, news and other information. This can only benefit individual clients in helping them gain a better position in the market and able to buy or sell at any time of day.

The better online foreign exchange broker will usually have set up an excellent online brokerage firm. These firms that have been set up provide a good variety of services. These services include training beginners all the way up to more detailed advice for those who are more experienced in the Forex market.

Most of the web-based Forex brokers are able to help individuals set up mini Forex accounts as well as trade for them. Having a mini account is great because you can start trade with as little as only two hundred and fifty dollars. Any leveraging that is gained by these accounts is used to help them better make trades. This frees the individual up from worrying about the smaller details, because the online Forex broker takes care of it for them.

There is a very large selection of online brokers to choose from, making it hard to find one that is right for you. There are two options you have in choosing the right web-based Forex broker for you and your needs. One is to get recommendations from people you know, this will help you find one that you can trust. Of course the other way to find one is to research thoroughly on your own, the services and they offer and the fees they may charge for them. Shop and compare, and look for any complaints that may have been lodged against them.

Other than the fact that it may take some hard work to look for the correct online broker for you and your needs, the benefits are always something to look at as well. The advantages offered by having an online broker could definitely make it worthwhile in the end.

By : Mike Singh - http://www.forex-made-ez.com/

Online Forex Trading Tips for Beginners

In the past few years, the forex market has become a popular arena for traders and speculators worldwide. The foreign currency exchange market was once designated for the big players only, bankers and high risk investors, but due to the rapidly advancing technologies, the forex trading market has become a popular way for many investors to make money, especially via mobile devices and online. Online there is a mini forex trading world which is unbelievable. For investors who want high risk and high blood pressure, the mini forex market online is the place for them, where they may attempt to gain profit by exchanging currencies.

If you don't know a lot about forex trading, here's the place to start. The forex market refers to trading foreign currencies. An investor will buy a currency at a lower value and then sell it a later time after the value goes up (hopefully...). this exchange offers a great profit for the investor.

The advantage of the forex trading market is the fact that an investor can make a great deal of money in a relatively short period of time and without having to invest too much of his assets. Especially if the investor chooses currencies that have a forecast of rise in their value. It's all a matter of playing the game right and taking smart steps. One must be cautious and quick, which can make the game a bit difficult at times.

In conclusion, forex trading is not for people who have a weak stomach or who cannot stand any losses. If you want to take a risk, a calculated risk, then forex trading is for you, and you may make a nice profit if you do it right. You can continue reading up about forex trading online and if you really feel you need it, you could always purchase forex trading software. I would suggest buying the software only after you have begun trading and investing and are sure that you want to dedicate money and time to forex trading.

By : Tim Robinson - http://www.avafx.com/

6 Killer Tips For Trading Forex Online

Sometimes you need money to make money. An old cliche, to be sure, but it's particularly true when it comes to trading Forex online. But, what was once a marketplace almost exclusively dominated by large investment firms and banks has now become a popular way of making money online for just about anyone willing to take the risk.

Forex trading is, in a nutshell, when you buy one country's currency (i.e. the American dollar) by selling another country's currency (i.e. the British pound). Currently, the U.S. dollar, British pound, the Swiss franc, the Japanese yen, and the euro are the major currencies on the foreign exchange market. Forex trading has become so popular that it has surpassed the New York Stock Exchange as the top financial market worldwide.

If you've never traded Forex online before, you must know what you expect. Following are some helpful tips that will prepare you for a successful experience trading Forex online.

1. Know what you're doing. Before you begin trading Forex online, you must know what you're doing. Go in blindly and you risk losing your money: It's that simple. Learn about trading Forex online by researching the market and the systems successful traders use.

2. Keep it simple. Those who have made good money trading Forex online tend to agree that the best game plan is to keep your trading system simple, especially when you first enter the Forex market.

3. Be willing to take risks. Trading (Forex or otherwise) inherently comes with risk. It's just a fact of the marketplace. Are you willing to take that risk? You may lose money, especially in the beginning. Can you handle that loss? If you're not sure you can deal with losing money, you might not want to trade Forex online.

4. Go slow. As a novice, start slowly trading Forex online. Stick with small amounts of money. Unfortunately, far too many new Forex traders get in over their heads by overleveraging and losing everything. Of course, when you risk more money, you may also earn a whole lot more, right? The problem is that risk could also lead to the opposite end of the spectrum and cause you to lose much more money. Until you've got some experience trading Forex under your belt, start slowly.

5. Steer clear of day trading. Day trading is simply too big of a risk, mainly because there is no way you can find and access trustworthy market data in such a short time period. Because the odds are against you, steer clear of day trading.

6. Ignore the majority. Instead of jumping on the bandwagon and following other traders' lead, you must be able to go against the majority sometimes. That means you'll be making trades that the majority of traders would never make. Still, that's the key to success. You'll likely discover that you're most successful on those trades that the majority said would never succeed.

By : Tim Godfrey - http://www.onlinebusinessrevenue.com/

Using Forex Mobile Trading Software For Profit on the Move

Forex Mobile Trading is a unique service that has been developed to allow the investors and traders worldwide to trade and manage their accounts from anywhere in the world using their mobile handsets or PDAs. Forex mobile trading software works with the same efficiency as any other automated forex trading stations.

Forex mobile trading software enables investors to:

· trade Forex with the same ease as would have done with desktop or laptop computers.
· view real time prices, access live charts with technical indicators.
· view a real time account summary and historical account information.
· have a sound alert notifying them the changes in the market.
· receive technical analysis and updates from the market.

The forex mobile trading software includes all necessary components for brokerage services via internet including the operations of the back office and dealing desk. Once the forex mobile trading software is installed on your PDA or communicator, you can get quotes and news in the real-time mode and can perform all usual trade operations. The trader will also be able to control and manage open positions and pending orders.

In order to make trading decisions, you need prompt and reliable information. The forex mobile trading software is the ideal solution as now one can analyze and trade in forex using live real time quotes from anywhere in the world and when ‘on the go’.

Forex mobile trading software needs specific computer operating system and the latest technology based mobile sets. To install the forex mobile trading software, you will have to download it in your PDA or any other bluetooth enabled mobile set. Once installed, the mobile set works exactly as your desktop or laptop personal computer. Many companies now offer the software with the facility of free testing period. After that you simply register and start working if you find the software to be satisfactory.

The next step will be to open an account using the forex mobile trading software. For example, you can open a demo accounts or a real account. Demo accounts will enable you to work under training conditions, without real money. But you will be allowed to work and test trading strategy.

With a real account, your forex mobile trading software establishes a connection between the server of the agency and your mobile set. You can manage the trade account and can accesses the market information.

These forex mobile trading software are safe and secured. As the systems work with password protection and necessary firewall techniques, your personal data is protected and safe. The forex mobile trading software ensures security of trading as well. Advanced security systems based on digital signature algorithm of RSA are even smarter. It provides nearly full proof security system based on electronic digital signatures.

With advanced features of your mobile set, you can even customize the forex mobile trading software and the appearance as well. For efficient and faster operations, you can decide on a suitable number of popup at any point of time. To use the mobile as a phone you can simply disable the forex mobile trading software and again enable it once the call is over. So the forex mobile trading software is the perfect mobile solutions for your forex trading in this fast paced mobile life.

By : Paul Bryan - http://www.instantforexincome.com

A Look at Online Forex Brokers

An online forex broker is a firm that facilitates retail trading using Internet technologies. Global Forex Trading (GFT), one of the popular online forex brokers. It provides retail traders with a free demo trading account, allows users to open a live account, gives live help, provides software called DealBook FX 2, and allows viewing of account documents. (DealBook FX 2 can be downloaded for the demo trading account).

Gain Capital Group’s Online Forex offers 200:1 leverage. In some cases, the total return on investment is higher due to leverage. For example, with $1000 cash in a margin account, the investor can control up to $200,000 in notional value. Of course, trading on leverage magnifies both the investor’s profits and losses.

GCI Financial Ltd. offers commission-free online trading in forex. GCI offers Internet trading software, fast and efficient execution, and 0.5% margin requirements. This broker offers USD or Euro denominated trading accounts. The spreads are 3 pips in EUR/USD and USD/JPY, and are 4 to 5 pips for other major commissions. Clients can hedge by opening positions in the same currency in opposite directions. Risk to the investor is limited to the deposited funds. Market analysis and research, real-time charts, and forex trading signals are available at no charge.

ACM, part of the REFCO group, offers 3 pip spreads on all major currencies, which works out to between 0.02% and 0.03% on the dollar value. They also offer commission-free trading, and forex trading with a 1% margin, which means that a trader can control $1,000,000 with $10,000 in his account.

There are many online forex brokers that offer free demo accounts for potential forex traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for forex trading. In addition, at most sites, traders can find free forex news to assist them with their trade strategies.

By : Eddie Tobey - http://www.e-forexbrokers.com/

Forex Online Currency Trading - Learning For The New Trader

The exponential growth of Forex online currency trading has resulted in setting up of online currency trading operations by many big companies. These websites are of great help when you actually wish to learn Forex online currency trading.

Through these training methods you can learn Forex currency trading easily; you come to know about the secure and safe places to conduct online currency trade, and how to use various online resources and tools for Forex trading.

As you start to learn Forex currency trading online, you come to know about real time market prices, which as a result, enable you to take better trading decisions with timely and accurate information. Your trades are executed instantaneously when you participate in currency trading and take just a fraction of a second on average.

When you open any site to learn Forex it will ask you for some basic information. For example you will have to select the Group of account for trading – a USD 100k account or a USD Mini account.

The brokers offer different options for opening an account. For example they may set the criteria as: “requires $2000 to open and with a 100:1 Leverage and 100,000 Trade Size” and so on.

The Mini account is designed for those who are new to online currency trading and want to learn Forex online currency trading thoroughly and properly. It is intended to introduce traders to the excitement of currency trading while minimizing risk. A particular broker may fix the criteria as “$300 to open with 200:1 Leverage and 10,000 Trade Size”

The next step in learning to trade currencies online is to know about the type of account. You will come to know about various account types like Individual Account, Joint, Corporate, Partnership, Trust and LLC.

Depending on the choice of account type the next section appears, which is the form that traders need to fill up to provide basic information like, Name, address, Identification proof etc.

When you learn Forex online currency trading, selecting the ‘Dealing’ option is an important part of the learning. It offers you two options of trading: No dealing desk and Fixed spread dealing.

No dealing desk is ideal for active or professional where the spreads are variable and can move sharply and multiple banks provide competing rates. It has no dealer intervention or trade restrictions during news or economic events.

On the other hand, Fixed spread dealings are performed under normal market conditions and are ideal for retail Forex traders looking for a "trader friendly" environment. Once you pick the option and fill in the information wanted by the broker site your online Forex currency trading account is ready to be operated.

The initial sum to open the account can usually be paid by a credit card or any other electronic clearing system.

If you want to learn Forex online currency trading, you can go for the Forex online trading program created by National Futures Association or the NFA.

As you go deep into the course you will get many of the answers of your questions regarding Forex online currency trading.

By : Paul Bryan - http://www.investawise.com/

What Has Forex Trading Have To Do With Gut Feelings?

What has Forex trading got to do with gut feelings?

Sometimes ago I was reading a book by a Forex trader and after explaining her strategy she will finish with follow your gut feelings. She said you could not be wrong with that. I read another one that said you should not follow that at all. He said is a way of bringing disaster to your trading. Which one are we going to believe? I started researching and I found out one of them was wrong. What is gut feelings? It is that intuitive messenger in you that warn you of things to come. It is the inward knowing that something will happen. Some people call it intuition. Intuition accordion to Webster online dictionary means

1. Quick and ready insight
2. Immediate apprehension or cognition
3. Knowledge or conviction gained by intuition
4. The power or faculty of attaining to direct knowledge or cognition without evident rational thought and inference.

You just know it inwardly that is what I am saying. Some people call it urge. Some call it inward witness. Whatever you call it. It will help you in your trade. Let me make it clear to you. Have you ever been thinking of someone and a few minutes later he calls you on phone or he knocks on you door. This is what I am talking about. This is the gut feelings. It may happen to you when you are about to trade and you had the feelings that you should stay out of the market.

Or you had seen by your indicators that the market is going bullish and your intuition says it will be bearish. You go long and later it turns against you. Then you are saying but I have strong feelings that it will go down. It happened to me many times and I will not listen to my gut feelings and I will come out battered. When I began to understand this then I began to follow my intuition and I started making money.

I am a Forex trader who specializes in News Trading., I had a urge that the NFP of March will whipsaw on the currency I trade most GPD/USD. I then decrease my lot and at the same time trade EURO/USD. I lost 40 pips on GPD/USD while I made 20 pips on EURO/USD. I lost 20 pips on that day. If not for intuition I would have lost 40pips with high lot. In dollars translation I would have lost $1200 instead of $200. My intuition saved me $1000. Let us forget about myself let talk about known traders that rely on their gut feelings to trade.

Warren Buffet said that he always made sure his traders prayed whenever they were having meetings. He said they pray not because of anything, but that they should be able to have clear mind to trade. To me clear mind means they would be able to know inwardly what to do at any point in time.

Gorge Soros said he would never trade when his feelings is telling him otherwise. You should know he is one of the best traders in the world.

Felix Homogratus the owner of www.secretforexsociety.com wrote the member of his society to close their carry on trade they were doing on GPD/JPY. He said he saw in a dream a Japanese man waving some papers like yen to him. He interpreted it to mean the yen is gaining strength again. So majority that yielded to his instruction made money while the others lost. This is intuition through dreams. I don’t know how you sharpen you own intuitions I did my own through prayer. Let me end this article with this story.

I heard a story of how the gods were trying to hide the greatest secret of success from human beings. It is the gods’ believe that if it is given freely to humans they will not value it, so they called for suggestions. One of the gods said they should hide it in the deepest sea. This was rejected by the head saying he knows human, they would one day dig down and find it. Another suggested that they should hide it on the highest mountain and it was rejected because they believed humans will eventually climb the mountain and find it. A third suggested they hide it inside them.

This was received with applause. No human being will ever believe that all he needed to succeed is in life is within.

The moral of the story is this, what you need to succeed in Forex trading is right inside of you.

By : Yinka Taiwo - http://www.fxwinningteam.com/

Online Forex Trading Easy Access to Making Higher Profits ?

Log onto to the internet and you will easily find many ways to make money. You'll find business programs, internet marketing strategies, internet income opportunities, bond trading, stock trading, affiliate programs and all other kinds of online money-generating programs.

In fact, online businesses have been around since the internet began and it seems nothing can stop these programs from proliferating. The latest craze has been centered on the popular online currency trading business because of the many flexibilities and beneficial activities it has been producing. This is more popularly known as foreign exchange currency trading. It is also called by many as Forex trading or simply, Fx.

24-hour Online Forex Trading Websites Have Advantages

The Forex trading system is a 24-hour based market, giving you flexible access to it at any time of the day or night. Unlike with other market, such as stock exchange, you can continue dealing with the currency trading market without worries over it closing at the end of the day. The online Forex trading websites are giving this 24-hour access for you to monitor what has been happening around the market at anytime.

Learn Forex Trading Basics and Practice

Through these online websites you are able to learn all the basics about the market. They also provide some tools in the website to help and guide you through all the process and mechanics of the trading.

Another advantage is that you can practice your trading skills before actually investing your money on the currencies. Through free guidance, demos, and market news provided by these Forex trading firms, beginners in the industry are already trained to be the expert in the business.

Once you feel you are confident enough to trade and invest a little amount of your money, sometimes in as little as $200, you can start taking advantage of the many forex trading benefits.

Thanks to the online Forex trading websites, learning the Forex trading market does not necessarily mean you must become a market analyst or economy expert to be successful in the field.

How to Access the Forex Trading Market?

In most cases, you can access the most extensive market, Forex trading, through an intermediary or Forex trading brokers. Just like stock brokers, they can provide you accurate information and advice on how to deal with Forex trading strategies. Advice includes all the aspects of the Forex trading market which extends to research approaches and technical analysis to improve the member’s trading performance.

Naturally, because this market has apparently been providing a great return on investment, large financial institutions have been proactively monopolizing the market. However, with the online Forex trading firms, small-time individuals also have the opportunity through Forex trading brokers.

The online Forex trading firms, as mentioned earlier, have been giving out free website tools for you to familiarize and navigate the whole concept of the market. Your choice of Forex trading broker will largely depend on your need in the trading market. Many houses (online Forex trading brokerage sites), feature simulators and advice, as well as detailed research designed for the use of the beginners. Furthermore, these websites typically provide experienced online Forex traders who offer in-depth advice to forex traders of all levels. Beginners can try these tools and find out if they cater exactly to their needs.

The secure online forex trading websites of today offer another advantage which is important to many people: to work and deal with the market in the comfort of your home. You can initiate your Forex transaction in the morning, leave for the day, and return at night with results all ready for your assessment.

Forex trading online is an outstanding way to test the waters and hone your trading skills while still working full time.

By : Steve Crothers - http://www.tradingcurrenciesonline.com/

Online Forex Trading - System Training for the Market

Forex trading has become extremely popular the world over and has people from all different countries and backgrounds trading like only the professional traders could do just a short time ago. Until recently Forex trading was performed mostly by major banks and large institutional traders. The technological advancements that have occurred of late have transformed Forex into the playground of average traders like you and me.

It's easy to find an online FX trading system, platform or software that can make it easy and fun to trade the market. Simply browse the web and you will be inundated with many exciting offers and promotions. There are many firms that sell or even give away free training software, charts or other useful tools for your future in Forex trading.

Foreign currency trading is done in pairs or combinations. For example, trading the Dollar versus Yen, the Euro vs. the Dollar or the British Pound against the dollar. The most popular currencies that are used for trading and investment purposes are the United States Dollar (USD), Japanese Yen, British Pound, Euro and Swiss Franc. The make up the major portion of all currency trading.

When you come across these currencies in the market you will see them written as a pair: USD/JPY (U S Dollar and Japanese Yen), EUR/USD (Euro and U S Dollar), USD/CHF (U S Dollar and Swiss Franc) and GBP/USD (British Pound and U S Dollar).

The vast majority of all day trades of foreign currency involve these five major currencies. Your goal as a trader is to pick out which currency will appreciate against another. If you can find or develop a system that will allow you to choose the correct direction a currency will be taking it is possible to make good profits in the FX market.

Most trades on the FX market are done by Forex brokers and dealers at major banking institutions across the globe. And since it is a world wide market that makes it a 24 hour a day market. The brokers or dealers work in different shifts so that major institutional traders can perform their trades 24 hours a day around the clock.

However, don't be alarmed. You do not have to be awake all day and all night to trade the market. It is a simple matter of placing stop orders with brokers to buy or sell at pre-determined price levels even while you are sleeping. If your pre-specified price points are met the order will go through as planned. If your price points are not met the orders will not be placed or carried out. This is the key to stopping potentially big losses. You'd hate to be asleep when the market turned against you without a way to get out. Having specified price levels can save you a lot of stress in the market place. With stop orders you don't have to constantly follow your currencies every second of the day. You can place your orders and then go about your normal daily routine.

The FX is unlike stock exchanges in that stock exchanges can be very volatile. The FX market is ordinarily a great deal smoother and doesn't gyrate up and down as quickly or rapidly. The market is actually very easy to trade and is very liquid, meaning you can get your money in or out at any time. Placing an order can be done in a matter of seconds. If you have the temperament for this type of activity it can be a very worthwhile endeavor.

By : Larry A. Johnson - http://www.my-forex-trading.net/

Online Trading

Online trading has gained popularity over the years because people from all backgrounds find it to be a more convenient way to trade stocks and bonds. In the past, online traders only made small deals or purchasers in order to pick up a little extra money. There are still people who go for this method of trading online, however, a lot of people now want to deal in large sums of money and take bigger risks on the stock market.

One of the main advantages of online trading is that you will have more opportunities to profit since you will not anymore need a middleman. You can start trading on your own without having to worry about choosing a reliable broker to assist you in your transactions. So when you profit on a trade, you will also get to keep the money instead of passing a large percentage of it to your middleman.

Aside from this, online trading only involves a relatively low cost because there is no registration fee and there is only a set fee for a share. For example, if you only want to trade 100 shares of stocks, you will only be charged of $1 commission. The fee only gets higher when you also increase your trade to 500 shares or more.

While it is possible to earn money in online trading, the risk involved could also be great because markets are so unpredictable. Even if you are already a veteran in online trading, it is very hard to predict what is going to happen at the stock market at any given time. So, this means that you really have to do some research before trading even if this takes you days, weeks and months just to make sure that you do the right moves.

Online trading can be beneficial and risky at the same time. That is why before you venture into it, you really have to weigh the pros and cons first and find time to do thorough research.

By : Marcus Peterson - http://www.i-onlinetrading.com/

Practise Forex Trading Online For Free Using The Fibonacci Trading Method To Rake In Big Profits

There have been so many approaches to trading forex especially in the technical analysis field, that many times the newbie to forex trading will be dumbstruck with the various trading techniques and strategies. From the very simple but effective price trading action method to the sophisticated methods of neural network price projections and the estoric methods of astrology and moon readings, forex traders, whether newbies or veteran traders can choose from a vast arsenal of trading tools to assist them in trading profitably.

The Quick Fibonacci Trading Method

One simple way to trade is to use fibonacci price levels and retracements.

As the price of a trading instrument increases, it will move from a low point A to a high point B, where B forms a temporary top. At point B, prices will then fall off and retrace. Statistics have shown that prices will want to fall off to fibonacci levels of 25%, 38.2%, 50% or 61.8% where it can get support to stage a rebound. The reverse is true when prices fall from a point A to a point B. Simple as it sounds, these observations can be used accurately to trade the forex, and has evolved into what we call fibonacci trading, some calling it "quick fib" trading.

The difference between trading forex and other capital instruments such as futures and commodities and stocks and shares becomes apparent when we use this method of trading. Firstly, when we trade forex, we do not have the opportunity to know the quantum of volume being traded at that instant, and so all we can do in forex analysis is to decipher the price movements. This makes the fibonacci trading method a price action trading method. In contrast, when we trade stocks and shares or commodities, we correlate trading volume to price outbreaks. When we have a price outbreak, and that is accompanied by heavy volume, we attach a higher level of confidence that the outbreak is genuine.

Confirming Trading Outbreaks

But in the absence of volume figures in forex trading, how then can we gain a high level of confidence on the price outbreak at any given time? Throughout the span of the rich knowledge of trading gained by veteran and experienced traders in the forex market, there has evolved methodologies and strategies that can allow the trader to have a high level of confidence that their trade is moving in the projected direction. The application of the legendary trader WD Gann price movements in eighths, for example, has led to the use of mini price levels and fibonacci levels to confirm price movements. Others have used projected price levels which are computed on a daily basis, so that if the forex prices were to violate the price levels and are sustained above certain price levels, then a higher level of confidence can be attached to the direction of the price and that the price will likely to continue higher.

The study of fibonacci in trading is therefore an interesting one and more importantly, a profitable one. For the aspiring trader, it pays tremendously to engage in a study of this important method of fibonacci retracement levels and how to apply it in his trading.

By : Peter Lim - http://1forex-trading.blogspot.com/