Forex Trading

Forex Trading Just Got Easier And Way More Profitable

Because of the previously mentioned gap between evaluating and choosing, someone got a brilliant idea to develop software that could keep track of the market trends and evaluate the potential profitability of available forex trades. Thus the forex trading robot software was born, or created. This was revolutionary! What a great tool! Everyone that uses this fantastic software application will become rich over night! No, I’m afraid not. Why is that? Mainly because like most new software programs they still needed a lot of work. They were good at a few things, and those things were good things to know, but they failed to give the bigger picture of the forex trading market place. As time has gone by, forex trading robot software has gotten better and better. Forex trading robot software has become smarter and more reliable at evaluating the forex market place. Thus, this is one of the best times to give forex trading a whirl.

Forex Trading Currency Online

Things You Should Know About Forex Trading

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.

Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others.

10 Reasons Not To Trade Forex

Do you trade forex? Do you consider trading forex? Do you consider learning how to trade forex? Don’t do it. I like the profit opportunities that currency trading carries. I like also the risks involved, it wouldn’t be fun otherwise. But I don’t like the idea to trade myself. Where is why:

Forex The Big Ben Strategy

As mentioned. The pound / dollar rate tends to have lower trading volume outside European / London trading hours because the majority of GBP/USD spot deals are worked through U.K and European dealers. This gives the European/British interbank community tremendous insight into the currency pair’s actual supply demand picture.
The Big Ben trade sets up when interbank dealing desks use this intelligence to trigger stops on both sides of market, resulting in new intraday highs and lows. Once these orders are cleared from the books, the market is primed for its first real directional move of the day, which is what the strategy is designed to capture.

The logic behind this trade should be similar with many range breakout strategy used to capitalize on the first real move of the day like our daily20pip strategy with forex signal generator working method with daily pivot calculation.

New to Forex option trading

New to Forex option trading? You are not alone. Thousands of traders are newbies at Forex option trading, too.

For years, the Forex was the playing field of major banks, central banks, and huge financial institutions. This changed with the advent of the Internet. Today, anyone with a connection can turn a profit from Forex option trading. With no exchange fees, clearing dues, NFA charges, or SEC payments, the Forex is certainly one very appealing market.

Intro FOREX

Forex Market

Forex (Foreign Exchange) is the name given to the "direct access" trading of foreign currencies. With an average daily volume of $1.4 trillion, forex is 46 times larger than all the futures markets combined and, for that reason, is the world's most liquid market. In the past, forex trading was limited largely to enormous money center banks and other institutional traders. But in just the past few years, technological innovations and the development of online trading platforms allow small traders to take advantage of the significant benefits of trading foreign currencies with forex.

In contrast to the world's stock markets, foreign exchange is traded without the constraints of a central physical exchange. Transactions are instead conducted via telephone or online. With this transaction structure as its foundation, the Foreign Exchange Market has become by far the largest marketplace in the world.

Buying and Selling

In the forex market, currencies are always priced and traded in pairs. You simultaneously buy one currency and sell another, but you can determine which pair of currencies you wish to trade. For example, if you believe the value of the euro is going to increase vis-?-vis the U.S. Dollar, then you would go long on EUR/USD instrument (currency pair). Obviously, the objective of forex currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit. An open trade or position is one in which a trader has either bought / sold one currency pair and has not sold / bought back the equivalent amount to effectively close the position.

MANAGED FOREX ACCOUNTS

Discover the returns possible in the world's largest financial market, the off-exchange foreign currency market (Forex). Forex is where banks, corporations, and whole countries make investments. It is just over the past few years that private investors, such as yourself, have been getting more involved with these opportunities. A managed Forex account gives an investor who cannot watch the market 24 hours a day the chance to participate in the world's largest market - Forex. These accounts are an ideal consideration for those who prefer to have their capital managed by professionals. Studies of professionally managed Forex accounts have often shown performance not related to the stock market. Consequently, allocating a portion of an investment portfolio to a Forex managed account can be a great way to enhance the overall performance of your portfolio, independently of what the stock markets are doing.

Forex and Futures

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The spot Forex market statistically shows in 2006 that the volume traded is a whopping $2.5 trillion daily, making it the largest and most liquid market in the world.
Futures contracts are segregated into different contracts that are exchange traded. Forex contracts on the other hand are OTC. Having greater flexibility ensures higher liquidity to your trades. Your trades will always be done exactly at the number of lots you indicated. They will not be done only partially.

Forex Trading

In recent years, there are many people are involved in forex trading. Do you know what forex trading is ? Have you ever saw trading on the stock market? OK, Forex trading is just quite similar with that and in this field we make a deals with trading currencies amongst different countries which is usually done with a financial institution or a broker.

At this moment, we can say that Forex becomes the largest market on the planet and it is always changing, worldwide, 24×7. All these aspect is one of the things that makes forex so exciting. With that kind of activity, it is not always accurately predictable, but you need to understand the market so that you can jump on profitable trades and minimize your losses in losing trades, which is all based on the strategy that you utilize.

However, before you start to trade, one important things that you need to know and understand forex trading is a gamble, and like the advice offered to those who want to enter this field, never play with money you cannot afford to lose. Keep in mind There are no guarantees in the forex market, which means that you need to utilize all the tools at your disposal to ensure you have considered all factors that will impact a currency’s value, both now and in the future.

Advantages and disadvantages of a demo account in Forex Trading

Many brokers in the Forex trading offer a demo account to their clients to ensure a smooth business in foreign trading. This is a kind of account that uses fake currencies and it is used to conduct virtual trades. You can avail this demo account for absolutely free.

There are many advantages of having a demo account in Forex trading. The most important benefit is that it shows conditions of the real market. In most cases, the brokers will open this demo account for their clients for a month, but there are other brokers who are often generous to the clients and keep this account open for as long as they want. This is of course to create an impression that the brokers are not just after money, but in fact they want to offer some genuine services as well to their clients.

Forex Trading

Begin making money with FOREX ANYONE can profit from the forex funnel system even with no knowledge and no trading experience, this is the money you have already missed out on by not getting the forex funnel system earlier. DONT WAIT ANY LONGER.

Automated Trading and Forex

Recently, the Forex market has really become popular among small investors. Before the internet, Forex trading was available only to large institutional traders. But, like so many other things, the internet has changed the way the game is played.

It’s interesting to note that one of the most popular assets traded these days is currencies. Before, it was mostly stocks. But now there is massive interest in the Forex market. Perhaps it is because people percieve the world as being much smaller, and they understand that each country’s economies and currencies are closely linked.

There is also a certain thrill provided by Forex trading. Typically, you can get 100:1 leverage. So that means you can buy $10,000 of a certain currency for $100. It also means that if the price of a currency that you buy increases by just 1%, you have just doubled your money.

Forex Market Structure

We now know why the foreign exchange market exists, so let’s look at how a forex transaction is actually facilitated.

At the very top of the forex market are transactions which are collectively called Interbank transactions. The “Interbank” is not, as some people may believe, an exchange. Rather, it is a collection or compilation of agreements between and among the major money center banks in the world.

Trade Mechanics

Given that there is in excess of $2 trillion a day being traded on the forex market, it’s easy to believe that there will always be enough liquidity in the market to do what needs doing. Sadly, belief doesn’t negate the truth that for each and every buyer in the market, there MUST also be a seller, otherwise no transaction can occur. If an order is too big to handle at the current price, then the price has to move to a point where there is enough open interest to cover the transaction. Each time you see a price move even a single pip, it’s an indication that an order was transacted or executed which “consumed” the open interest at its existing price. Prices can move in no other way.

The New Capital Requirements Takes Its Toll on New Forex Brokers

There has been a state of unrest amongst new Forex brokers owing to the fact that the NFA has pushed through an increased entrance barrier. This requires a higher capital for new Forex brokers which can be a problem for most, if not all.

However, the move to raise entrance barriers has its benefits if better understood by Forex brokers, new and old alike. The increase in entrance barriers serves beneficial for the industry of foreign exchange. Despite the increase, the move ensures that those who newly enter the industry still have sufficient resources remaining and still be financially stable. This is helpful since the capital market tends to be unstable. The move also ensures that brokers receive sufficient expertise to manage the risks that may be encountered by Forex brokers, both new and old.

The History of Forex Trading

Forex trading started during the time of the Babylonians. This system was designed for the currencies and exchange. In the early times, the goods are being traded for another tangible item. When the metal age began, gold and silver became the tool of transaction. This idea became popular during that age.

The creation of coins started then as well as the political regimes. When gold became an important trading tool, its use became restricted; therefore; the result which has been brought about by this is that the value of money has diminished.

Pros and Cons of Trading With Metatrader

In every item or device we use, they all have their own weaknesses and strengths. In using metatrader4 for trading, we find it useful though it also its limitations.

In using metatrader4 first, you will be able to check if there is still money available on your account. If there is not enough money on the account, the operation of opening a position will not be successful. It is for this reason that one need to have sufficient funds for investments.

With metatrader4, you can access history data by using the predefined arrays of Time, Open, Low, High, Close, and Volume. Due to historical reasons, index in these arrays increases from the end to the beginning. Another way of accessing history data is by using other time intervals and even using other currency pairs.

How to Become a Good Forex Trader

Setting a Forex trading business should come with a wise and strategic planning. It is important that you know what kind of business you are going into. Studying the business thoroughly is a very important strategy in order to gain success in his field. It needs good management because there are risks involved in this type of business.

Keeping your mind engaged in Forex trading means acquiring money in a progressive and truthful way. In such that you will be able to have the goal you are targeting.

FACTBOX-Changes in Iraq oil contracts

Feb 14 (Reuters) - Iraq has proposed to sweeten the terms of the service contract it is offering to international oil firms to boost output at its biggest producing oilfields.

The following lists some of the changes in the 20-year contracts proposed during a three-day workshop Iraqi officials hosted for oil firms in Istanbul that ended on Saturday.

BIDDING

There will be three items for oil firms to bid:

- A short-term improved production target at the oilfield to be reached 18 months after the contract takes effect.

Geithner Leaves G7 Satisfied About Resolve To Tackle Crisis

ROME -(Dow Jones)- U.S. Treasury Secretary Timothy Geithner returns from his first official Group of Seven meeting with a sense that his call for more aggressive action to address the economic crisis is being heard.

Geithner arrived urging bolder action from his counterparts, using the U.S. stimulus package now awaiting President Barack Obama’s signature and a revamped plan to revive the banking system to back up his argument.

How to Profit From Volatility in the Forex Market?

Most retail forex traders only know how to place directional trades, and miss the chance to profit on volatility.

Everyday there are economic data from US, UK or Europe, namely Non-farm payroll, New Homes Sales, Unemployment, Personal Income, CPI, PPI etc; some of these datas can move the forex market rather wildly. So to trade volatility is the best strategy for days like that.

Bold 2009 Prediction for You

Here's my bold prediction for you in 2009!

You will break your trading resolutions by the end of February.

• You will abandon your trading plan
• You will fall into the same destructive trading patterns you resolved to change
• Your account will earn the same or less than in 2008

I know this this sounds harsh, but statistically speaking, that's what will happen to most traders. So, are you going to let this happen to you?

True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?

Today is January 15, 2009 and February is just around the corner.

Let this be your wake-up call!

Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!

Do you have what it takes to become a successful Forex Trader?

Forex trading, or any trading for that matter, is an occupation that requires experience and the accumulation of proficiency not unlike any other highly skilled profession. Whether you are a leading executive at a major publically traded company, a professional golfer or trading from your kitchen table, there are 5 key ingredients that one must possess in order to become successful.

1. You must be Passionate about what you do.

As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don’t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life!

We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade currencies and would you still do it if Forex were not potentially lucrative? Your answers will be quite revealing. You’ve got to feel your passion for trading!

2. You have to Apply Yourself and work hard at it.

I talk to so many people that enter into Forex trading with the aspiration of getting rich quick. Without putting the time and energy into really getting good at trading I see them jump from strategy to strategy looking for the goose that will lay the golden egg and eventually quitting while blaming everything else, except the true cause.

I got news for you – you are the goose and your Forex education is the golden egg. The magic has always resided with the magician and not some strategy. Work hard at trading and the rewards will eventually come your way. Remember what Tiger Woods said, “Funny, the harder I work the luckier I get.” Apply yourself as a trader and it will be no accident when your account begins to blossom.

3. You must Focus to really get good at what you do.

Now here is the hurdle most Forex traders struggle to get over. You have the passion and you are applying yourself to your trade, now focus and really get good at just at what you are doing. Be the expert to the experts at just that one thing. Become the master of a strategy or risk management methodologies. Really focus on getting good at it.

Stop jumping around or getting pulled from the last “latest and greatest” into the next “latest and greatest” and focus on one aspect of Forex trading and know it inside out. Know it strengths and weakness. Set your sights on becoming expert on just one aspect of trading and watch it spill over in all other aspects for your currency trading. This is the time to fail forward fast, use every setback as a learning opportunity that will propel you 3-steps ahead!

4. You must Push Yourself beyond the point everyone else might have quite.

In Forex Trading this is simple. Assume there is someone on the other side of your trade that is pushing themselves and sharpening their edge. To be successful you must you must do the same thing. Now is the time to examine your mental edge. Do you know the single most critical factor in any currency trade? It is you, the trader! Sharpening you mental edge is the most difficult aspect of trading, but also the most rewarding.

Start with your Forex education and gain the self-awareness necessary to maximize your strengths and suppress your weaknesses. Any expert will tell you that trading is 80% mental. It’s time to sharpen your trading to the razor’s edge and you do this through Forex education. A constant and never ending process that will become the cornerstone of your Forex experience.

5. You must, without wavering, be Determined and Persist to your objective.

You will fail. I can state that emphatically. However, you will not be defeated unless you allow your failures to control your trading. It is the old adage; failure is not falling of your horse, failure is refusing to get back on. Your success depends on your ability to dismiss the criticism, rejection, self-doubt and pressures associated with Forex trading.

Defining what is a winning trade, losing trade and bad trade will go a long way into developing you as a successful trader. Without the determination and persistence in all aspects of your trading life, obstacle will definitely appear closer and larger than they actually are.

Take a moment and assess yourself and your trading. Do you have the key elements to succeed? Which areas are presents development opportunities? When conducting a self-evaluation it is critical to be totally upfront and honest with yourself. After all, you will only be dishonest with yourself. One of the most interesting observations you can make is that all key success factors are interwoven. One factor supports the other. This is why your Forex education is a continuous journey of forex strategy, money management and self-mastery. Set these factors as your Forex education goals and take your currency trading to new heights.

How to Adopt the Traits of a Successful Trader

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

Why the Fed is such a Lousy Wizard of Oz

Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by – who else? – the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz?)

The Jackson Hole Resort serves as the Federal Reserve's equivalent of the Emerald City, as Fed governors and presidents meet with central bankers and economists from around the world to discuss economic issues. This year, the symposium focused on housing and monetary policy. Usually, the Fed chairman kicks off the symposium and, this year, the new chairman, Ben S. Bernanke, did the honors. He closed his speech with these words:

Regret Will Kill Your Forex Account

OK, so you just pulled the trigger on a trade and every bone in your body told you not to. You violated the rules dictated in your trade plan and you watched a small profit immediately turn into a major loss.

Sound familiar? What do you do?

You get over it, that’s what you do! Regret over a bad trade will eat your account from the inside out. Regret is a more powerful emotion than most traders recognize. It is like the unwanted guest that keeps living off of your bank account until there is no more left. It takes most traders into a tailspin that they will never recover. It can lead to dangerous psychological results such as failure to pull the trigger over even worse, paralysis by analysis.

Suddenly, It's a Bleak Midwinter for Housing and Lending

If you're wondering how the housing market collapse in the US will impact your favorite Central Banker (and interest rates), here's an interesting article to help support your fundamental Forex analysis:

A Forex Trader’s Lifestyle

Whether you are a novice Forex trader or a seasoned veteran one aspect you must always take into account is to ensure your lifestyle supports successful trading. Forex trading is no different from any other endeavor in life. Whether you are employee, employer or self-employed you must take the time and effort to ensure your environment is conducive to your success.

Take a look at your surroundings and make sure your lifestyle supports you being a successful Forex trader. Take in all the factors of success (how YOU define success) evaluate your factors to make sure your trading is:

Specific – Do you have specific trading goals and objectives? Do you have a trading plan? Ask yourself is your plan to general?

Measurable – Do you have systems in place to objectively measure your performance? If you don’t know your numbers then do you really have a trading business?

Has a Timeline – Do you have a timeline for which you are measuring your goals and objectives against?

Controllable – There are many aspects in Forex trading you can’t control, ensure that the areas your can control are firmly defined and managed with discipline.

Programmed Into Your Lifestyle – Are your Forex trading activities programmed and congruent with your lifestyle? Balance is important so make sure this passes the test!

Taken in Small Steps - This business is a marathon and not a sprint. Start off with small steps and build. The best practice trading principals do not change with account size.

Accountable – Forex trading (or any trading for that matter) can be such an isolated activity. Find ways to have others participate and hold you accountable for your goals. Make it real and measurable!

South Asia urged to push lenders for payments

South Asia should push international lenders for a year's halt on payments and create a network of currency swaps to help weather the global crisis, Sri Lanka's president told a regional bloc on Friday.
President Mahinda Rajapaksa, who chairs the South Asian Association for Regional Cooperation (SAARC), also urged a meeting of its foreign ministers to boost efforts to counter terrorism in a region beset by unrest and poverty.
"The instability caused by this crisis can be considered quite similar to the threat caused by terrorism to our societies and our region," he said.
SAARC represents roughly a fifth of the world's population, but has rarely risen above squabbles over a free trade agreement and has been hobbled by regional rivalries, particularly those between India and Pakistan.
Neither nation sent their foreign ministers to the two-day meeting. Sri Lanka, Bangladesh, Afghanistan, Bhutan, the Maldives and Nepal round out the rest of the group formed 23 years ago to boost economic cooperation.
Rajapaksa said the bloc should push multilateral and interational lenders for standstill arrangements on debts for at least a year "so that developmental initiatives ... will not have to be abruptly stopped".
"Such arrangements could also be flexible enough so that at the end of one year, these could be reviewed and extended if the global financial crisis would still exist," Rajapaksa said.
That issue is close to home for the Indian Ocean island nation, which saw its rupee currency hit an all-time low on Friday amid low foreign exchange reserves that prompted Fitch to cut its outlook to negative. [ID:nHKG210950]
To help bolster reserves, Sri Lanka has already entered into a currency swap deal worth $200 million with one country it will not name, and the central bank says it is in advanced discussions with two other nations.
Rajapaksa said a similar regional iniative would be a tonic to soothe the trickle-down effects of the crisis, as the ASEAN bloc has successfully implemented.
"I am reminded of the success in our adjacent region, East Asia, which during the East Asian financial crisis, created a network of bilateral swap arrangements and has now created a reserve fund to address liquidity problems," Rajapaksa said.
Full economic cooperation has long eluded SAARC, despite signing a free trade deal in 2006 that has yet to show any real benefits.
Intra-SAARC trade is just over 5 percent of South Asia's total trade, compared to 26 percent seen among ASEAN countries and 55 percent among EU members.
Sri Lanka is halfway through its one-year chairmanship, after an August summit in Colombo at which leaders signed a pact to combat terrorism and to create a food bank to fight hunger amid then-rising food prices.

24 Hour Access to the World

Select the forex market, select the time, and start trading. The massive liquidity of forex, combined with a true 24-hour forex market that's traded 5.5 days a week, offers you exceptional independence and forex currency trading when you want to, not when the market wants you to. The forex market literally follows the sun around the world, moving from major banking and financial centers of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the United States.
During each trading day, overall foreign currency trading volume is determined by what markets are open and the times each of these markets overlap one another. With each passing second, minute and hour, forex currency trading volume remains high, but peaks highest when the British, European and U.S. markets are open at the same time - from 1 p.m. GMT to 4 p.m. GMT. The volume of the Pacific Rim markets, such as Japan and Hong Kong, subsides compared to the crest of the U.S. market, but still offer the forex trader the ability to analyze the highly traded Pacific Rim currencies.

What is Forex?

The system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, or just FX. Over the last three decades the foreign exchange market has become the world's largest financial market, it trades over $1.5 trillion USD daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Forex is part of the bank to bank currency market known as the 24-hour Interbank market.

Posted by UBAID UR REHMAN at 1:58 PM 0 comments