Currency Trading and FOREX

Brief Introduction to FOREX and Currency Trading

Today, currency trading or FOREX, is often considered as one of the best home business an individual can venture into. The reason for this is that FOREX is the largest and the most liquid market in the world today that allows you to trade electronically via the internet at any time of the day. If done correctly, your computer can be converted into a money making machine!

FOREX is the name given to the Foreign Exchange Market. It is the spot or cash market for currency.
FOREX trading is much less risky than trading in currency in the futures market. It is much more profitable and easier than other forms of trading.
FOREX trading is not run from a central exchange like in stocks. The entire FOREX market is run via a network of banks, electronically, 24 hours per day.

Finding The Right Currency Trading Course

To many courses now days spend to much time on the history of Forex foreign exchanges and less time on the practical side to investing.
A good currency trading course should dwell on the practical theories and analyses that can help you actually perfect a strategy to make it in the field of foreign currency exchange.

A currency trading course should be Open to ideas and recognize, and teach, the fact that there is no one solution to every problem. It must teach you to think on your own and develop your own theories and ideas regarding how to achieve success in the foreign currency market.

Practicality drives most people to invest in the foreign market exchange, so practicality should definitely be included as a necessary quality of a currency trading course.

A good currency trading course would expose you to a hands on approach to the reality of the environment, or at least something similar to it. It may be fun discussing ideas, but you cannot truly learn until you get right in it's face.

Another thing to look for in a currency trading course is the confidence it implants the people in it with.
One thing you need in currency trading is confidence, and it is imperative that a good currency trading course give you a confident attitude to follow through with decisions you make. You need that confidence in order to risk your money if you want to make it in FX Currency Exchange.

A currency trading course can help prepare you for the exciting world of currency trading. Every decision is unique and depends on you to follow your instinct, coupled with your knowledge in order to truly succeed in Forex currency trading.

Chet Holcomb is a sucessfull currency exchange trader at FX Currency Exchange providing expert advice and information about entering this lucrative business for financial success.

Article Source: http://EzineArticles.com/?expert=Chet_Holcomb

Forex Currency Trading Software - Advantages of Using Automated Forex Trading Software

A forex currency trading software can turn you into a successful currency trader in the Forex market. Trading the Forex market has almost become impossible with using forex trading software. To list out there are several benefits of using it.

Currency trading software helps you by making your trades automatically. You don't have to sit right in front of the computer to make the transactions and earn the profits. But this trading software does all the work for you and since it is a computer program, it can run consistently on the Forex market where the trading happens round the clock.

And also the trading software has the ability to work in various markets simultaneously. This helps you to have your efficiency multiplied several times in the market. Transactions can be made in just a fraction of a second using the currency trading software.

The software is a lot faster than you and takes advantage of the opportunities quickly. You can save a lot of time on analyzing the market and enjoy the data in an easy to understand and structured format on the screen following the parameters of the market.

However, despite the enormous advantage of using a Forex currency trading software, there are certain drawbacks too while using it. But of course, they can be dealt. The two main problems associated with the currency trading software are the forecasting system inaccuracy and vulnerability in the sudden news.

Forex currency trading software cannot predict sudden fluctuations caused by sudden news. Lots of people tend to lose money as the prices suddenly try to get away from their expectations.

And the forecasting system inaccuracy is perhaps due to the obsolete information preserved in the software. The easiest way to increase the accuracy is to upgrade the software more frequently.

But to summarize, automated Forex trading software is a very powerful tool used in the Forex market. The efficiency of the software depends on the individual who operates on it.

Forex Killer is an automated forex signal generator software that can help you make money from forex. Click here to check out my Forex Killer review and learn whether is Andreas Kirchberger Forex Killer scam.

Article Source: http://EzineArticles.com/?expert=Ryan_K_Lim

Currency Trading Forex Made Easy Through The Internet

Currency trading forex made easy with the evolution of internet. The forex market has no centralized exchange unlike stocks or futures. All transactions are done with the help of phone or the internet. It is a very simple process to perform a transaction using the internet. Even if you are a novice, a large number of forex trading sites are available on the internet which provides you all the tools you need to trade in the market.

The forex market can make all your dreams come true if you have the mind to learn and some time to spare. Currency trading forex made easy in such a manner that anyone can perform trading from anywhere in the world with just a click of the mouse. Wireless technology brought a major revolution in the forex market. Now a person can do trading using any web enabled wireless device. Forex wireless devices can be carried around the world and can be used to perform trading at any time.

Forex market is so unpredictable due to fluctuations in currency rate happening very frequently. A trader has to check the currency rate, monitor their account status, place orders for selling and buying and view current news on the currency trading market at anytime. Currency traders need to determine good currency pairs by browsing through charts, reports and analyses. Currency trading forex made easy with the mobility provided to a trader using forex wireless.

A forex trader should choose quality information and training tools offered in the internet to get useful knowledge in currency trading. A forex trader may not be able to make a profit with every investment they make in the market. By using technical analysis of historical data currency pricing, momentum can be predicted. Individual forex investors can use this information more aggressively than large scale traders like corporate organizations. Currency trading forex made easy from the information they can gather from the internet and various sites provide a tools for gathering and using this information effectively.

For more information about Currency Trading Forex Made Easy, feel free to visit us at: http://www.forex-trading-land.com/

Article Source: http://EzineArticles.com/?expert=Arturo_Ronzon

Finding The Right Currency Trading Course

To many courses now days spend to much time on the history of Forex foreign exchanges and less time on the practical side to investing.
A good currency trading course should dwell on the practical theories and analyses that can help you actually perfect a strategy to make it in the field of foreign currency exchange.

A currency trading course should be Open to ideas and recognize, and teach, the fact that there is no one solution to every problem. It must teach you to think on your own and develop your own theories and ideas regarding how to achieve success in the foreign currency market.

Practicality drives most people to invest in the foreign market exchange, so practicality should definitely be included as a necessary quality of a currency trading course.

A good currency trading course would expose you to a hands on approach to the reality of the environment, or at least something similar to it. It may be fun discussing ideas, but you cannot truly learn until you get right in it's face.

Another thing to look for in a currency trading course is the confidence it implants the people in it with.
One thing you need in currency trading is confidence, and it is imperative that a good currency trading course give you a confident attitude to follow through with decisions you make. You need that confidence in order to risk your money if you want to make it in FX Currency Exchange.

A currency trading course can help prepare you for the exciting world of currency trading. Every decision is unique and depends on you to follow your instinct, coupled with your knowledge in order to truly succeed in Forex currency trading.

Chet Holcomb is a sucessfull currency exchange trader at FX Currency Exchange providing expert advice and information about entering this lucrative business for financial success.

Article Source: http://EzineArticles.com/?expert=Chet_Holcomb

Working With a Currency Trading System

A currency trading system can be a great benefit for those who are able to invest in it. Until recent years, this was almost exclusively the domain of large, multinational banks. Today, however, currency trading investors and brokers have made headway into opening up this vast resource for normal people. You can invest your money through a broker and make a huge return on your investment.

That said, understanding how the currency trading system operates goes a long way towards making your experience more profitable. Knowing the basics helps you maximize your profits. The currency trading system operates by changing one national currency for the equivalent value in another nation's currency. The money comes from the difference between the worth of these two currencies, and the demand for the currency that you have on hand.

It operates throughout every nation in the world. With that comes the distinction of being the single largest market in the world; it is vast and incredibly intricate. A private investor cannot hope to understand it in its entirety, as it is far too vast and complex. However, you should do your best to know the basics. For instance, it's important to know that the economic status of the various nations in the world dictate the currency market rates. The economic status of these nations is what makes that nation's currency worth more or less in the currency trading system.

There are many places to find information about the different currency trading systems in place throughout the world.

One of the best is ColtFX, where you'll find the answers to all of your questions.

Colt FX is a portal that lets normal people into the lucrative, worldwide currency market. This site gives you the valuable resources and information you need to navigate the currency trading system at this site. Visit http://www.coltfx.com today to make money from the currency exchange.

Article Source: http://EzineArticles.com/?expert=Cindy_Teruya

Online Forex Trading Can Make $7,000 Plus Weekly

The Online Forex Trading market is the biggest in the world with over three trillion dollars a day in volume. This is huge by any standards and there are indeed rich pickings to be had. Many of today's millionaires made their money in this market. And so can you. I don't think you can make a lot of money in a short time but you sure can make consistent money. I do. It takes time and patience and you need to have an intelligent planned approach to profit.

Quite a lot of the money made in online forex trading is made by trading pairs of currencies. This is a new idea for most people because they just want to trade a currency, rather than a pair of them. The profit you make is the relative change in difference between the two currencies. Such pairs might be the U.S. dollar and the Euro or the U.S. Dollar and the U.K. pound. Others might include the Yen and the U.S. Dollar or the U.K. Pound and the Euro.

Using Forex Trading Software is the recommended way to trade in this volatile market. You are limited by your intelligence and the speed at which it can process everything. Computers are designed to do all the tedious analysis and math at lightning speeds.

That is not to say that you don't use your intelligence. Use both your intelligence and the software and you will find many profitable trades.

But be warned. In order to be successful you need the following
• a good strategy
• the best trading platform around
• elementary training
• support from your trading platform
• dedication and diligence
• perseverance

Start with the trading platform where you will be given plenty of advice, training and support and you will be well on your way to making $1000 a day plus.

Don't miss this golden opportunity. Click http://www.forexaut.info now to get on the road to success.

Richard Tyrell is a full time Forex trader who makes in excess of $7,000 per week. See http://www.forexaut.info for more.

Article Source: http://EzineArticles.com/?expert=Richard_Tyrell

Day Trading Forex Currency - Average Just Doesn't Cut It

Your parents probably told you somewhere along the way, "Anything worth doing is worth doing well." In day trading Forex currency, it makes all the difference.

When it comes to day trading Forex currency, being simply "a trader" won't do. Being a trader is something anyone with a bit of money can do. All you need to do is open an account, deposit some money, then begin placing trades. Instantly you're now a trader.

The big problem is that the average trader either makes very little money for their time, or they are losing money. The 90-95% failure rate in trading is no joke and these people are failing and losing their money. Six-figure incomes are definitely NOT being realized by the average trader.

Now you certainly didn't get into day trading Forex currency to lose your money, strain your relationships, add stress to your life, or grow more gray hair. Most likely you were intending for something quite different. Like quitting your job, becoming your own boss and having control over your time, building wealth, and enjoying financial freedom that trading offers.

There is one distinction where the average trader runs afoul. The focus is on making money with every trade and the secret hopes the each one will be a big winner that sets them for life, because the average trader is looking primarily at the leverage in day trading Forex currency. When the 10% first found day trading Forex currency, they said "Indeed! The potential is here with this for me to enjoy a very nice living, build wealth, have the life I want and the time freedom I seek. I am going to become great at this because I see that the possiblity of a six-figure income is very real here."

The focus for those that make the six-figure income is to become great traders, while the average traders are chasing money. The difference in focus is on doing versus being and becoming. Who they become in the process is a significant result.

How they both approach the whole matter of day trading Forex currency is another difference. A business is any activity engaged for profit on a regular basis and this is the other realization. So when you started trading, you had opened your own business whether you realized it or not. Your business has been started in rather unique and highly competitive industry. The wisdom, "Treat your trading like a business" is one you've encountered I'm sure. Because a business is a business, not just a hobby, it needs to be treated as such regardless of the industry. The same goes for trading.

But if you've never started and run your own business before, then you've got no prior experience to relate to and fall back on for your trading business. Trading is a unique business with different requirements and unique challenges, which you know if you have run your own business previously.

For the business to provide a respectable, reliable and consistent income stream for the owners, in addition to building wealth and providing financial freedom and security is the goal of owning any business including a trading business. Owning, managing and running any business involves quite a number of roles, each of which has its knowledge and skill requirements. A successful trading business entails much more than simply opening a trading account, getting a trading system and then following it.

The 10% that realize the six-figure income, the freedom and the rewards that trading has to offer, realize that first you must decide that being average just isn't good enough, and that you must become both a great trader and an astute business person - in the business of day trading Forex currency. The average traders lose money and earn a dreadful hourly rate as a trader because they don't make these distinctions.

The purpose of this article is not to offend anyone or to hurt anyone's feelings. Because the business of trading is so foreign to most people, they simply don't know to make these distinctions.

You've got what it takes, so do you really want to settle for average, or do you want to become a great trader and realize your potential as a trader so that the lifestyle that is available in day trading Forex currency is realized in your life?

If a great trader is what you wish to become and you can take just one hour a week, then it may be worth your while to consider the training available in the Trading P.I.T. Club at Inside Out Trading.

Right now go to: http://insideouttrading.com/pit/great.html

Article Source: http://EzineArticles.com/?expert=Brian_McAboy

Automated Forex Trading - Forex Tracer Reviewed

Forex trading systems are becoming very popular nowadays. Just like many of the other 'forex trading systems' 'Forex Tracer' doesn't require any previous knowledge of trading on the forex market.

Forex Tracer is completely legal and safe to use. The cool thing about Forex Tracer is that it buys and sells automatically for you. No, you do not even need to learn the forex system in order to make money with this product.

Forex Tracer was tested and tested again to prove that it could produce great results for you on a regular basis. In varying market conditions Forex Tracer made in the ballpark of $25k to $335k. Yes, that's thousands of dollars. The longest streak of winning trades that Forex Tracer has made was 53, but the average is around 19 or so. With those odds that's thousands of dollars that you would be pocketing without lifting a finger. Forex Tracer does it all for you.

One of my personal favorites that Forex Tracer does is that it gives you the ability to open up a "demo account". You can test the market and what Forex Tracer would do without the risk of your money being involved. I personally love it. I actually used it in for a while until I felt comfortable in investing my real money.

The creators of Forex Tracer are very confident that you will make money with it that they've even put a money-back guarantee. So if it doesn't do what you think it will you can return it for a refund. Believe me though it does everything you can imagine and more.

To learn even more about Forex Tracer, or if you want to purchase it. I highly recommend you check out; Forex Tracer Review

Article Source: http://EzineArticles.com/?expert=Michael_Blouin

Best Trading System - This One is Simple, Free, Works and Makes Consistent Long Term Profits

If you are looking for a trading system to seek long term profits with then consider the one enclosed its simple, it's free and has made millions in the markets for savvy traders for over 25 years. Here we will outline the rules and why it works and will continue to work.

The system was devised in the late seventies by famous trader Richard Donchian and was originally applied to the commodity markets, although it works on any trending market.

Currencies trend well, so it's very popular and effective on these markets. The system is simplicity itself and the rule is revealed in its name - The 4 Week Rule

The trading system maintains a constant position in the market and works in the following way. Cover short positions and buy long whenever the price exceeds highs of the four preceding full calendar weeks. Then liquidate long positions and sell short whenever the price falls under the lows of the four preceding full calendar weeks.

Why It Works

While the system is simple, don't think it won't make money, it will and has for years and many of the worlds top traders Incorporate it in there trading. This system will beat 95% or more of the trading systems sold on the net as it's been traded real time and works, while most robots sold are simply simulations that are back tested.

Here are 4 major advantages of the system.

1. This system is based on sound technical principles with signals that are mechanical and totally objective.

2. It is a long term trend-following system so our trader is virtually guaranteed to be on the right side of every major trend and currencies are one of the best trending markets.

3. It us based on the known fact that most major trends start from new market highs or lows and also follows the well quoted "let profits run, while cutting losses short".

4. This system can be traded with or without the aid of a computer and it will only take 20 minutes a day or less to run so is very time effective.

What are the Weaknesses of the System?

All systems have a weakness and this one does to and that's when markets don't trend it can generate "false" or losing signals and here you can add a filter to smooth the drawdown.

Simply exit on a one or two week high or low and go flat and then wait for the next 4 week signal to trigger a long or short position.

It Will Work and Continue to Work

As a trading system for long term gains though it really is a great robust system which will never go out of date and will continue to catch and hold long term trends. As long as currency markets trend this system will continue to pile up gains long term.

Simple? Yes it is but test it and you will see how much money it makes and while other systems come and go with glossy packages and hyped advertising, this one still remains a favorite of the serious forex trader, who is looking for a simple, robust, trading system which produces results, year after year.

Check out the 4 Week Rule and you will see just how powerful this simple system is.

Forex Robots - Why They Are Not Better Than Humans and Most Lose!

Most forex robots lose there are some that are good but to say they are better than humans is simplistic there not for two reasons...

There are two limitations which you need to be aware of when using even a good robot.

1. Robots can only do tasks programmed into them by Humans

2. Markets do NOT move to a mathematical formula so of course they have limitations

Humans are capable of independent thought and that is why most of the major top trading houses in the world still use human dealers and computer trading systems combined. The human brain is simply the most powerful computer on the planet it may not have processing speed but in terms of different calculations it can make its way ahead of any computer.

Also consider this.

In the last 50 years the same number of traders lose as they did in yester year - that's 95% and this is despite the awesome processing speed of computers. Your PC On your desk, is far more powerful than the computer which put man on the moon.

While processing power is a help, the markets are not mathematical and don't move to a scientific theory (if they did we would all know the answer in advance and there would be no market) so if they don't move to science, computers can only do so much.

Why most forex Robots lose

The ones that are sold and appear to have fantastic track records, have actually have never been traded in the real world. They have simply been back tested and the rules bent to fit the data ( this is known as curve fitting) and while they work on the segment of data tested, this exact price history never repeats again and the system breaks in real time trading.

Check most of the sold track records on robots and there is NEVER a real track record and they never work.

Are there any good forex robots?

Yes but you must understand they have limitations and are not perfect - they will have periods of losses that last weeks but you can find ones that make money and that's the aim of forex trading. The best forex trading systems tend to be simple and robust. The forex markets will soon break a complicated system.

Many traders like the idea of a forex robot working away and them making no effort, we all do but remember, you have to have the discipline to apply it and that means knowing how and why it works and sticking with it, through periods of losses, until you hit a home run. To say that computers are better than humans at trading is incorrect, as a computer is simply a reflection of the programmer and while they can make money, anyone who thinks that building ever more complex computer programs will make money are wrong.

Computers have there place in trading - but just like humans they have limitations. Both a human and a forex robot can make money and neither is necessarily better at trading than the other.

The Best Forex Trading Education - What Can it Be Worth?

The reason why over 90% of Forex traders lose money and plenty of it is because they're ignorant of how the market really operates and the way to actually make money on it. That's too bad because getting a proper forex trading education is not that hard. It just requires a decision to invest some of your time and money not just in trading but also in learning how to trade forex.

Why some people decide to neglect this crucial step of learning is beyond me. If you're going to be risking thousands of dollars on trading, don't you think you need to spend a little on knowing what you're doing? This isn't a game. It's a place where the professionals take the money of the ignorant. That's why the best Forex trading education is worth not hundreds of dollars or even thousands. It's worth tens of thousands and more.

Consider this: each day you can carve a piece of a 2-3 trillion dollar Forex pie. That's how money the Forex market sees on a daily basis. Incredible. But you need to know what you're doing. Otherwise you're just a small fish in an ocean of sharks.

What you need to realize is that a great forex trading education course costs money. You can't expect to buy a single book for $50 and get a truly remarkable insight into the market. It doesn't work that way. Wouldn't you rather spend more on the best forex course and get your money back in trading for years to come rather than throw $50 down the drain? Each Forex course is a one time fee and you can use the knowledge for years and years. That's how powerful this is. It's like building your own business and having it give you money on a regular basis. It's a way to achieve financial independence.

Of course, Forex trading does have it's risks even if you do get a good education. Even the best Forex trading education course can't guarantee 100% successful trades, and any one who does is a liar. However, a good Forex course can show you how to handle different market conditions in an optimal way so you'll profit at a much higher ratio than lose. Overtime, you will see your profits grow and grow. You will also know exactly what to do and won't have to rely on instincts and emotions.

Do yourself a favor: invest your money in a proper forex education. It will be one of the best investments you have ever made.

How to Make $335,000 a Year Using an Automatic Forex Trading Software That Makes Money on Autopilot!

3.5 Trillion dollars are traded through the Forex Market daily; get your slice of that pie with an easy to use EA (expert advisor). The forex marketplace gives many people profitable opportunities. It operates 24 hours a day, & does not suffer from long down periods, and can create a profit regardless of market direction. One of the biggest advantages of the forex marketplace is that it can be traded without any effort with the use of an EA.

EAs are developed by forex trading Pros, and can be downloaded to use with any Metatreder4 Broker. After the EA is installed it requier no human intervertion. They simply know when and how to trade. Even if you don't know the first thing about currency trading, you can easily make a fortune in the foreign exchange markets with the right EA.

An EA such as the Forex Tracer is my ideal trading system. I purchased the Forex Tracer in March, 08 and my life has been unbelievably stress free since then. I could even build wealth while spending time with friends and family. The Forex Tracer keeps pulling & signaling profits, even while you're nowhere near a computer!

The Forex Tracer comes from a well known media group: NC Media. This group is well known for their high quality products and service. After purchasing their Forex Tracer, I was directed to a download page with a technical support address, download link, instruction manual, and video tutorials on how to set up. They make the installation process very easy and detailed.

The biggest advantage of the Forex Tracer is its ability to trade both uptrend and downtrends. After careful testing, most traders noticed that the direction of the market does not matter to this system. Money is coming regardless of market direction or the value of the US dollar. There is always money to be made.

The Cherry Picker is sealing the decision about Forex Tracer. It is a custom set of forex indicators which works wonderfully. Traders who used these indicators claimed that a big portion of their profits came from them. The Cherry Picker comes with Forex Tracer at no extra charge.

All these reasons make Forex Tracer the ideal forex trading system. Anyone who would like to be more prosperous in life needs to consider this awesome opportunity!

Free Online Forex Trading Courses - Your One-Way Ticket to Riches

You can benefit from free online forex trading courses now! All it takes is a little determination on your part and you can be as skillful as the top traders profiting in today's market. Participating in such a trading course will probably be the best decision you will make in your quest for your first million.

Your first million is what you should pay attention to, because after your first, your succeeding millions will become easier and easier. In order for you to achieve that mythical first million you need to know everything about what you are getting yourself into; this is just plain old common sense.

When making big decisions, you really must be as correctly informed as possible. There is after all, no substitute for proper preparation. Much like in a war, you must know the inner mechanics of every detail involved to win, which in this case means, to profit. After all, you can't go around and risk your money in things you know little about.

This is the beauty of free online forex trading courses. You get to become an educated trader. You get to know the basics of exchanging currencies in international markets. Not only are you taught how to profit on your trades but this course is free. Since it is free, you are left with more money to deal in foreign exchange.

You may be wondering what you can get with these training. What you get out of this is simple; you get what is needed for you to move towards your goal of becoming a success. Your success is the goal of these free online forex trading courses. If you'll work hard enough for it, combined with the knowledge and guidance being offered, your success is never far away.

These training offer you the basics and the practical tips needed for financial success in currency exchange. They offer you sound advice that has already made millions for many. The basics taught will provide you with the keen sense for improving your success.

The lessons you learn on these courses will not only provide you with the needed technical know-how, but will also foster in you the confidence required to succeed in foreign exchange trades. After all, if you know everything, there is little you fear and much to gain.

If you're ready to receive the wisdom of free online forex trading courses, then visit my page for more details.

How to Trade Currencies With Less Risk

Testing out currency pairs is the cornerstone of forex trading. To do this a plan must first be kept in place. The use of the plan allows the trader to examine which currency pair reacts the best and allows for higher profits. For example, if USD/CHF, GBP/USD and EUR/USD were tested using the plan, and the results showed that USD/CHF had reacted positively, this currency pair is concentrated on more than the others.

The first rule of trading currencies is to never enter into a trade without researching on it. The forex market is based around researching the market and analyzing the different currency pairs available to exchange. It is recommended that each trader have a plan in place before entering the forex market. However, each plan must be tested before entering the market. This can be done through demo accounts.

Another rule when it comes to trading currencies is to never trade a currency pair which the trader does not know about. Trading involves many risks. As well as that, it is understandable that there are many currency pairs available to trade with that it may be overwhelming. However, it is not advised that a trader just pick any currency pair to trade with. High amounts of money can be lost through this form of thinking. By pre-testing currency pairs, it allows the trader to have a fair idea of how each one works. Thus, going for predictable currency pairs is always the best option.

Each currency pair reacts differently to outside influences. For example, some currency pairs can be effected by government deficits or surpluses, whilst others won't be greatly effected by it. Fundamental analysis allows a trader to determine which currency pairs are effected and which one's aren't. Each pair is unpredictable in their own way. Thus, by using the information found through fundamental analysis and testing out currency pairs in demo accounts, a trader can get a fair idea of each pair reacts in certain situations.

Technical analysis is also a major key to testing out each currency pair. It has been shown, through vast amounts of research, that some currency pairs differences can be found more easily then others through technical analysis. For example, through moving averages, money flow index's and relative strength index's. However, finding these differences through technical analysis is not an easy thing to do. Only experiences traders are able to find the little differences.

Since each currency pair is different, it is up to the trader to find the one that suits them best. The currency pair that is chosen, should allow them to meet their goals when it comes to the forex market. As well as that, it should suit their personality and the situation that they are in. For example, a trader that only does trading as a side-job. This would limit the amount of time they can spend on the forex market. Thus, they would need a low-risk currency pair, which doesn't need constant surveillance and is fairly predictable. The use of a mentor can also help a trader. The mentor can examine a trader and their personality and based on their years of experience and judgment skills, can give educated advice to the trader.

Here's a Forex Day Tradiing Tip - Stop Following Indicators!

If you are a total newbie or a frustrated veteran in the forex world, you've probably been reading forums or newsletters trying to catch the latest "hot" forex trading tip. Well I've got one for you. Get rid of those annoying indicators you keep staring at. It's only causing more confusion. That's the very last thing you need when trading forex.

I know that all the posters on forex forums give you tips like putting 10 moving averages on your charts and when they all cross then you buy or sell. When you read something like this, you instantly have to ask yourself, "what in the world does this have to do with the market?" It's as completely random and arbitrary as saying "I'm going to close this trade within 10 minutes because I'm getting tired". If you don't have a good reason, which you could explain, for getting in or out of a trade, then you shouldn't be taking that trade in the first place. it's as simple as that.

I know it may seem easier following the indicators, but you are doing yourself a great disservice. Listen, if you are having success trading them, then more power to you. Keep on doing what you're doing. You were able to figure out something that I painfully couldn't. But I have a feeling most are still struggling with them. After all if they were succeeding there wouldn't be that many of these "hot" forex day trading tips going around, would there?

Try following this tip, it might work for you, it might not. Just spend the entire day looking at your chart without any indicators. Just one day. Follow a 5, 10, 30 or 60 minute chart. Don't try to force yourself into seeing something. Just be a spectator. At the end of the day you might have noticed that there are pattern which get repeated on a constant basis. These are patterns that signify if the currency is ready to reverse, breakout, or stay in a range.

I know this may seem boring, but trading forex shouldn't be done for entertainment's sake. It should be done so you have an understanding of what you're looking at.

Forex News - Trading it for Bigger Profits

Today, we have more news than ever and its delivered in the click of a mouse and many traders want to trade it and make profits - after all it's the fundamental supply and demand situation that drives forex prices...

No it isn't!

Supply and demand fundamentals are not important by themselves - it's how they are perceived that determines price.

Here is a simple equation for market movement to illustrate the above:

Supply and Demand (facts and news) + Investor Perception = Price

From the above you can see that it is investors who determine price.

We all have the same facts to look at but we don't all draw the same conclusions from what we see and this is the problem when trading news stories. If you could win by trading the news, with today's quality of it and lightening communications, the percentage of traders who would win would be far greater but the fact is:

The same amount of people who lost in forex trading 50 years ago lose today and this statistic won't change because you can't trade news stories in isolation. The problems with trading news stories are greater today than they have ever been.

Why?

Because we all get the information quickly and it's instantly discounted by the market, we all have the information at the same time in any corner of the globe online and no one has an advantage of getting it first before the herd.

The problem that is always present and has been since markets started trading is:

You don't know how the traders are going to view the news because their all driven by their individual motivations and emotions furthermore, the news always reflects the views of the crowd and the crowd is always wrong.

Will Rogers once said:

"I only believe what I read in the papers"

He was joking of course, but it's surprising how many people read a paper or see a view on CNBC and think they can trade it and win - they can't.

FACT:

Markets collapse and turn when they are most bullish and rally when they are most bearish - this is nothing to do with the facts but how the investors perceive them.

News stories can be used but it's not in the way you may think. If a bullish piece of news fails to push market higher, or bearish news fails to push a market lower, then you may have a trend change at hand.

You need to check and to do this, look at a forex chart and see the technical view of price only. Here you are seeing the reality or the truth in black and white. This gives you a detached non emotional view of price and you can decide which way to trade. Using the news in this contrary fashion is a great way to spot situations which you can time entry with your technical indicators.

There is an old saying:

" If you can hold your head, when everyone around you is losing theirs you probably haven't heard the news"

In the above instance you have - but you're not taking the view of the majority. If you use news in the above way and combine it with forex charts to time your trading signal, then you have a powerful combination for bigger forex profits.

Forex Trading News - How To Use it Correctly For Profit

Today, forex trading news is more plentiful than ever. There are numerous sources to choose from and there all delivered at the click of a mouse, so you can get breaking news whenever you wish.

Here we will look at how to use Forex trading news and mistakes to avoid.

First let’s start with a rather startling fact:

100 years ago 90% of traders lost and today the ratio still remains the same.

This is despite better more frequent Forex news, better computers, more powerful software and more information than ever on the markets.

The fact is knowing the news won’t help you win – in fact, it generally helps traders lose! There are 3 main reasons for this:

News is discounted in a split second.

In today’s world of instant communications news is discounted immediately, so by the time you have seen it and had a chance to act upon it, the moment has gone and the market is looking toward the future.

News is Stories

Those analysts are so convincing with their arguments! Their normally great at explaining what has happened - but you can’t trade off what they say, as they have no idea what will happen - there simply stories and opinions.

Will Rodgers once said.

“I only believe what I Read in the papers”

Now he was joking, but its surprising how many traders take what they hear on the news as a recommendation to trade.

News Gets Your Emotions Involved

Humans don’t like to stand alone and the news reflects what the majority want to hear but that is completely different from what you have to do, to trade to win.

The bulk of traders lose and the bulk listen to the news, so if you avoid it, you can step aside and not let your emotions get involved.

If you do this, you can trade in a disciplined fashion and join the elite minority of winners.

If you use forex charts and simply follow price action, you are far more likely to be successful than you would be by following news stories.

WHERE THE NEWS CAN HELP YOU!

There is one great way to use the news:

If you see a very bullish or bearish market and the news supports the prevailing view but the market does not react the way it should – then its time to look for a contrary trade and time your entry points via your forex charts.

It’s a fact that:

Bullish markets collapse when the fundamentals are most bullish and bearish markets rally when the news is at its most bearish.

If you can look for these turning points on your charts and find the news suddenly stops pushing the market the way it should, a contrary trade is developing and a big profitable trade is shaping up.

Finally

The way to use forex news outlined above, is a very powerful profit tool but completely different to the way most forex traders use it!

Three Important Forex Concepts For New Traders

As you enter the world of Forex you will find yourself learning and using many new concepts that you may not have used or heard before.

Three of this important concepts that you must understand are what “Pips” are, What “Volume” is and what you do when “Buying” and “Selling Short”. They may look more like four concepts but Buying and Selling are like the two faces on the same coin so we can consider them as a single concept.

Lets first introduce what Pips are. Maybe you have heard or read already how many pips a day you can make using some trading system. In short, currency pairs prices will go out to 4 significant digits. For example; if one currency pair is trading for 1.3451 then an increase to 1.3452 would be a “one-pip” increase in the price of this particular currency. This is an increase of one hundredth of a percent of the value of the currency pair you are trading. And depending the type of account you have, regular or mini, each pip will have a value of $10 or $1. So if you make 10 pips a day with a regular account you would have made $100 and with a mini-account $10.

Now we can talk about the Volume; trading Volume is a quantity that tells traders how much money is being traded at one particular moment. And the forex market is known by its high volume of trading during most of the time markets are open. Some times there can be spikes in the volume during some type of news breaks and during the time New York stock exchange is open. The volume of transactions in Forex, even in a slow day, will always be much higher than the volume traded in other large exchanges at their full capacity.

Now maybe the most obvious of the concepts. Buying refers to the acquisition of a particular currency pair to open a trade. Selling short refers to the selling of a particular currency to open a trade. When you Buy, you are expecting the price of the currency pair to increase with time, i.e., you buy cheap to sell high. In the case of Selling short, it looks a bit more complicated. Here the way to make money is to initially sell a currency pair that you think will lose value in a given period of time and then, once it happened, you will buy it back at the new price but now you can sell it at the previous greater price the currency had when you opened the trade, so you earn the difference in prices. I know it seems kind of tricky, but once you are in front of your trading station it will look much simpler.

Eurobonds Are Not Only For The Europeans

What exactly is a Eurobond? Well, it's a bond which is issued as well as traded in a different country from the one where its currency is denominated. The funny thing is that a Eurobond does not necessarily have to originate or circulate only in Europe. Most Eurobonds however, are issued for trade by investors in Europe.

Now this can get quite creative. You could have a Eurobond denominated in US dollars but an Australian company can issue them in Japan. Or you could have the French issuing these bonds that are traded in Japanese markets. Look at Wal-Mart for example. They issue these bonds which are denominated in US dollars but sell in the exchanges in Germany! What's more, the Iran government floats them too.

In the international bond market, you'll find that most of the new issues are in Eurobonds and these add up to being larger than the $14 trillion US bond market. The thing is that there is a lot of scope for creative financing with Eurobonds and one can choose a country after looking at the regulations as well as the tax environment there.

All this of course does not get rid of the element of risk which Eurobonds come with. Let's face it - one is more familiar with all the laws and regulations in one's own country than elsewhere. Even though one is privy to so much more information and news thanks to the Internet, there's still a lot that one is not fully aware of. There is bound to be a certain degree of ignorance about the way things work in a far-off country, about the implications of the written word and events that don't really come out in the news. What happens so far away could in a way constitute a risk if one is not fully aware of the whole picture.

The other thing is the sensitivity of foreign currency trading. While bond trade in the international markets is fairly small, the foreign currency trading is huge and is definitely more volatile and currency risk is something one has to contend with when one is in the international financial arena. There are price swings that can be quite huge and there is a sensitivity in many countries to the political climate and the changes that take place.

Let's look at an example. If an investor in the US pays 1170 at today's exchange rates of 1 GBP = $1.77USD for a 1000 Eurobond and the maturity date was 5 years later, when he gets his money back, let's assume that the exchange rate has dropped to 1 = $1.66. He will get paid back in GBP because that is the currency of the bond. However, when it gets converted to dollars, he will only get $1,660 and not $1.77USD which is the least he would have expected when he bought the bond. Now this is the loss that arises because of currency risk. If it were the other way and the dollar went down, he would get much more than he expected.

This is why it's a risky market but there are people who make their millions there. What helps is a lot of research and one needs to have the big picture of past performances as well as current patterns to be able to predict reasonable returns with any degree of accuracy. If you do get adept at it, the fact that there is so much of global news and views on the Internet can only work to your advantage.