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The trade of forex can tre makes with the assistance of a sponsoriser, a company which deals with the funds, and currency forex inurl resource trading of in your own country. In the USA, there are many laws and currency forex inurl resource trading rglements concerning forex commerant and currency forex inurl resource trading which companies are authorize to work with the public.
Sunday, December 9, 2007
Sunday, December 2, 2007
A Pioneer in Currency Trading Shares his Vast Knowledge in New Coursebook
pioneer in currency trading shares his vast knowledge
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. The workbook is designed to build an aspiring traders knowledge in a step-by-step manner with each major section followed by a thorough question-and-answer section to ensure mastery of the material. The major sections include:
(1) an explanation of the economic forces driving the currency market and how a trader should interpret events to develop a fundamental outlook
(2) how to use technical analysis to time trades
(3) how to master and control emotions that are involved in trading
(4) how to develop a trading plan and appropriate strategies for different sized trading accounts
(5) how to prepare completely for the realities of trading, prior to putting money at risk.
The goal of the book is to give a trader the knowledge and experiences required to be completely prepared to trade.
About the author:
Abe Cofnas has been the forex trading columnist for Futures magazine since 2001. He formed one of the first Web-based interactive training sites devoted to forex trading—in 2001 as well. Cofnas is also the founder of a forex education and entertainment company.
Foreword.
Preface.
Acknowledgments.
About the Author.
Part One. What Drives the Forex Market?
Chapter 1. The Fundamentals of Forex.
Chapter 2. The Role of Inflation.
Chapter 3. Exploiting Information About Economic Growth.
Chapter 4. The China Factor.
Chapter 5. The Commodities Connection.
Chapter 6. How Business Confidence and Consumer Sentiment Affects the Market.
Chapter 7. Fundamental Personalities of Currencies.
Chapter 8. The Personality and Performance of the US Dollar.
Chapter 9. Conducting Your Own Fundamental Analysis.
Part Two. Timing the Trade with Technical Analysis.
Chapter 10. Mapping Price Action.
Chapter 11. Finding Significant Support and Resistance.
Chapter 12. Volatility in Forex and Its Dimensions.
Chapter 13. Chart Formations and Price Patterns You Should Know.
Chapter 14. Trading Styles and Setups.
Chapter 15. Alternative Set Ups and Trading Strategies.
Part Three. Putting It Together.
Chapter 16. The Right Way To Use Simulation Accounts.
Chapter 17. Strategies and Challenges for Different Account Sizes.
Chapter 18. The Path to Success in Forex Trading.
Chapter 19. Test Your Forex IQ.
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. The workbook is designed to build an aspiring traders knowledge in a step-by-step manner with each major section followed by a thorough question-and-answer section to ensure mastery of the material. The major sections include:
(1) an explanation of the economic forces driving the currency market and how a trader should interpret events to develop a fundamental outlook
(2) how to use technical analysis to time trades
(3) how to master and control emotions that are involved in trading
(4) how to develop a trading plan and appropriate strategies for different sized trading accounts
(5) how to prepare completely for the realities of trading, prior to putting money at risk.
The goal of the book is to give a trader the knowledge and experiences required to be completely prepared to trade.
About the author:
Abe Cofnas has been the forex trading columnist for Futures magazine since 2001. He formed one of the first Web-based interactive training sites devoted to forex trading—in 2001 as well. Cofnas is also the founder of a forex education and entertainment company.
Foreword.
Preface.
Acknowledgments.
About the Author.
Part One. What Drives the Forex Market?
Chapter 1. The Fundamentals of Forex.
Chapter 2. The Role of Inflation.
Chapter 3. Exploiting Information About Economic Growth.
Chapter 4. The China Factor.
Chapter 5. The Commodities Connection.
Chapter 6. How Business Confidence and Consumer Sentiment Affects the Market.
Chapter 7. Fundamental Personalities of Currencies.
Chapter 8. The Personality and Performance of the US Dollar.
Chapter 9. Conducting Your Own Fundamental Analysis.
Part Two. Timing the Trade with Technical Analysis.
Chapter 10. Mapping Price Action.
Chapter 11. Finding Significant Support and Resistance.
Chapter 12. Volatility in Forex and Its Dimensions.
Chapter 13. Chart Formations and Price Patterns You Should Know.
Chapter 14. Trading Styles and Setups.
Chapter 15. Alternative Set Ups and Trading Strategies.
Part Three. Putting It Together.
Chapter 16. The Right Way To Use Simulation Accounts.
Chapter 17. Strategies and Challenges for Different Account Sizes.
Chapter 18. The Path to Success in Forex Trading.
Chapter 19. Test Your Forex IQ.
CORRECTING and REPLACING AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions
CORRECTION...AB Watley Group, Inc.
NEW YORK--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions
AB Watley Group, Inc. (Pink Sheets: ABWG) is pleased to announce its new "Ultimate FX" trading platform designed for retail and professional currency traders. AB Watley has spent the last few months developing a strategic relationship with FX Solutions LLC of Saddle River, New Jersey. As a result, AB Watley will offer one of the most powerful global Forex trading platforms available. The platform will feature a proprietary price feed, advanced hedging functionality, FLEXI Leverage, FLEXI Contracts, multiple stops and limits, Market News International, multiple charting solutions and sophisticated risk management capability. The "Ultimate FX" trading platform gives foreign exchange traders critically important advantages including One-Click Trading, ten trading screen layouts, a combined margin-pip-premium calculator, and an audible price alarm.
Foreign exchange trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (Forex or FX) is the largest financial market in the world with a daily turnover of over $2.6 trillion. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Unlike most financial markets, the foreign exchange market has no physical location and no central exchange. The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. The major market makers, or dealers, consist of the commercial and investment banks, and registered futures commission merchants (FCMs) such as FX Solutions. FX Solutions' dealing desk is open 24-hours a day from Sunday 16:00 to Friday 16:30 Eastern Time.
Clients of AB Watley Group’s broker dealer subsidiary, AB Watley Direct, have been asking for access to the global currency markets. Through its relationship with FX Solutions, AB Watley Direct is proud to be able to offer a world-class capability for FX trading that will compliment the current online trading offerings of Direct. The foreign exchange markets operate round-the-clock during trading days and offer traders and investors buying and selling opportunities in up, down and sideways markets. Interest in such markets is exploding. Inquiries concerning FX should be directed to AB Watley Direct’s customer service at 888-733-9000. Management feels confident that by adding a FOREX trading solution to their product offerings, it will result in positive benefits for AB Watley Direct’s client base, as well as on reported earnings. For more information about the FX platform,
Daniel Darst, executive director at FX Solutions, commented, "We’re delighted to welcome AB Watley Direct on board. Their strong marketplace savvy combined with their deep experience in working with direct clients and self-directed traders should translate into a successful relationship and a great offering to the client.”
About AB Watley Group, Inc.
Headquartered in New York City, A. B. Watley Group Inc. (ABWG.PK) is a provider of online financial services through its wholly owned subsidiary, A.B. Watley Direct, Inc., a broker-dealer registered with the Financial Industry Regulatory Authority, Inc. (FINRA) and a SIPC member. Offering a comprehensive range of services, and developed for the most demanding equities and options traders, ABWG is positioned to attract the most diverse range of investors and traders -- from the average investor to the most sophisticated retail and/or institutional stock trader.
About FX Solutions
FX Solutions, LLC was founded in 2001 by two foreign exchange veterans with over 50 years combined experience. The Company is a leading online foreign exchange (Forex) broker, operating as a market-maker to retail and institutional clients. With its focus on advanced trading technology solutions, the firm serves retail clients, white label partners, institutional trading partners, introducing brokers, fund managers and their clients. Leveraging its proprietary interbank market feed, a custom-built Global Trading System (GTS) and fully-automated customer service, FX Solutions sets high standards for execution speed, price transparency and efficient client management.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract.
NEW YORK--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions
AB Watley Group, Inc. (Pink Sheets: ABWG) is pleased to announce its new "Ultimate FX" trading platform designed for retail and professional currency traders. AB Watley has spent the last few months developing a strategic relationship with FX Solutions LLC of Saddle River, New Jersey. As a result, AB Watley will offer one of the most powerful global Forex trading platforms available. The platform will feature a proprietary price feed, advanced hedging functionality, FLEXI Leverage, FLEXI Contracts, multiple stops and limits, Market News International, multiple charting solutions and sophisticated risk management capability. The "Ultimate FX" trading platform gives foreign exchange traders critically important advantages including One-Click Trading, ten trading screen layouts, a combined margin-pip-premium calculator, and an audible price alarm.
Foreign exchange trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (Forex or FX) is the largest financial market in the world with a daily turnover of over $2.6 trillion. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Unlike most financial markets, the foreign exchange market has no physical location and no central exchange. The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. The major market makers, or dealers, consist of the commercial and investment banks, and registered futures commission merchants (FCMs) such as FX Solutions. FX Solutions' dealing desk is open 24-hours a day from Sunday 16:00 to Friday 16:30 Eastern Time.
Clients of AB Watley Group’s broker dealer subsidiary, AB Watley Direct, have been asking for access to the global currency markets. Through its relationship with FX Solutions, AB Watley Direct is proud to be able to offer a world-class capability for FX trading that will compliment the current online trading offerings of Direct. The foreign exchange markets operate round-the-clock during trading days and offer traders and investors buying and selling opportunities in up, down and sideways markets. Interest in such markets is exploding. Inquiries concerning FX should be directed to AB Watley Direct’s customer service at 888-733-9000. Management feels confident that by adding a FOREX trading solution to their product offerings, it will result in positive benefits for AB Watley Direct’s client base, as well as on reported earnings. For more information about the FX platform,
Daniel Darst, executive director at FX Solutions, commented, "We’re delighted to welcome AB Watley Direct on board. Their strong marketplace savvy combined with their deep experience in working with direct clients and self-directed traders should translate into a successful relationship and a great offering to the client.”
About AB Watley Group, Inc.
Headquartered in New York City, A. B. Watley Group Inc. (ABWG.PK) is a provider of online financial services through its wholly owned subsidiary, A.B. Watley Direct, Inc., a broker-dealer registered with the Financial Industry Regulatory Authority, Inc. (FINRA) and a SIPC member. Offering a comprehensive range of services, and developed for the most demanding equities and options traders, ABWG is positioned to attract the most diverse range of investors and traders -- from the average investor to the most sophisticated retail and/or institutional stock trader.
About FX Solutions
FX Solutions, LLC was founded in 2001 by two foreign exchange veterans with over 50 years combined experience. The Company is a leading online foreign exchange (Forex) broker, operating as a market-maker to retail and institutional clients. With its focus on advanced trading technology solutions, the firm serves retail clients, white label partners, institutional trading partners, introducing brokers, fund managers and their clients. Leveraging its proprietary interbank market feed, a custom-built Global Trading System (GTS) and fully-automated customer service, FX Solutions sets high standards for execution speed, price transparency and efficient client management.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract.
Thursday, November 29, 2007
overview
An overview of the Forex marketThe Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The main enticements of currency dealing to private investors and attractions for short-term Forex trading are:
24-hour trading, 5 days a week with non-stop access to global Forex dealers.
An enormous liquid market making it easy to trade most currencies.
Volatile markets offering profit opportunities.
Standard instruments for controlling risk exposure.
The ability to profit in rising or falling markets.
Leveraged trading with low margin requirements.
Many options for zero commission trading.
Forex tradingThe investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.
The main enticements of currency dealing to private investors and attractions for short-term Forex trading are:
24-hour trading, 5 days a week with non-stop access to global Forex dealers.
An enormous liquid market making it easy to trade most currencies.
Volatile markets offering profit opportunities.
Standard instruments for controlling risk exposure.
The ability to profit in rising or falling markets.
Leveraged trading with low margin requirements.
Many options for zero commission trading.
Forex tradingThe investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.
Tuesday, November 27, 2007
Wining Forex system
When analyzing a system you should take into consideration several factors. Many times the excitement and anxiousness to get started in a new investment makes people overlook basic things. Some years ago a study revealed that people spent more time shopping for a new TV than to decide which fund to invest in. While choosing the right TV is important, is the correct investment decision which will allow you (or not) to continue shopping for gadgets in the future, so you should not overlook the source.
The most common reasons why systems and strategies fail:
System only works for one currency pair: usually a bad sign. A logic and robust system will work on all or most currency pairs, of course will work better in some and worse in others, but should still work. Working on 1 or 2 currency pairs usually means the system is curve fitted, or is only able to trade in specific currency conditions, as soon as the currency change its behavior it will stop working. Our system trades 6 different pairs with consistent results. We choose the mix based on correlation between the pairs, daily swap paid and historical drawdowns.
Systems with +90% of win rate: is very difficult to obtain those results if not curve fitted or only few samples in the data. While newbies are attracted to this high win rate, usually means that as soon as the rate falls to 70% or 80% the win/loss ratio is not enough for the system to maintain. Our system has a 65%-75% win rate, delivering robust results.
Small sample data backtested: amount of data and trading frequency must be relevant. If you find a system that in the past 3 years produced 20 trades is probably not too relevant from a statistic point of view. The more trades generated means more relevancy. Also 6 or 12 months of data is not enough, you need to test the system against years and years of data to show the consistency in different market conditions. Our system was generated with more than 8 years of past data, and more than 2000 trades in the analysis.
Subjective or emotional criteria involved: very common problem. In the past is always easy to guess what "was" the best action to take, as the old saying reads ...hindsight is always 20/20. However, in real time emotions make it hard to take the right decision. Our system has no emotional or subjective criteria to generate the trades.
Not considering the impact of spreads and swaps: a pip here and there in every trade weights towards the end of year. Spread is where the broker makes it cut, so they must be factored in the system. Swap/Interest plays an important role, use them to your advantage. All our pairs are swap/interest positive, meaning that for every day holding the trades you will receive positive interest. Consider it as a bonus for holding the trades a few days.
Not considering real drawdown: in order to know your capital requirements you must know the system drawdown figure. Always stay in control of your account, that means never overeager it. When you over leverage it you pass the control of your account to the market swings and the broker who may liquidate your account if you margin falls below the requirements. You can trade our with low leverage, adjust the margin to your risk tolerance and depending if you trade more systems at the same time in your account.
We suggest to trade all pairs, since winners and losers will tend to compensate. However, is important to understand each pair characteristic and how they impact the system. We choose to show ALL available performance history, and not just the latest months. As much information as possible help our customers to make better decisions:
Stats for the latest 8 years for the six pairs traded by PipsExpert:
EUR/USD
Number of lots per trade
2
Profit Factor
3.85
Win Rate
77%
Avg Days in Trade
2
Worst drawdown (pips)
419
Comments
One of the most stable, liquid and consistent trading pair for PipsExpert system. If you prefer to start with only one pair then Eur/Usd would be the best choice. While interest/swap received is low, its usually a very stable pair.
GBP/CHF
Number of lots per trade
1
Profit Factor
2.56
Win Rate
81%
Avg Days in Trade
4
Worst drawdown (pips)
780
Comments
Another steady performer and excellent swap/interest paid for holding it. Is more volatile than Eur/Usd but also more profitable. Be aware that this pair, like Gbp/Jpy, is the choice for carry traders. That means when market conditions start to get volatile this pair will move according.
The most common reasons why systems and strategies fail:
System only works for one currency pair: usually a bad sign. A logic and robust system will work on all or most currency pairs, of course will work better in some and worse in others, but should still work. Working on 1 or 2 currency pairs usually means the system is curve fitted, or is only able to trade in specific currency conditions, as soon as the currency change its behavior it will stop working. Our system trades 6 different pairs with consistent results. We choose the mix based on correlation between the pairs, daily swap paid and historical drawdowns.
Systems with +90% of win rate: is very difficult to obtain those results if not curve fitted or only few samples in the data. While newbies are attracted to this high win rate, usually means that as soon as the rate falls to 70% or 80% the win/loss ratio is not enough for the system to maintain. Our system has a 65%-75% win rate, delivering robust results.
Small sample data backtested: amount of data and trading frequency must be relevant. If you find a system that in the past 3 years produced 20 trades is probably not too relevant from a statistic point of view. The more trades generated means more relevancy. Also 6 or 12 months of data is not enough, you need to test the system against years and years of data to show the consistency in different market conditions. Our system was generated with more than 8 years of past data, and more than 2000 trades in the analysis.
Subjective or emotional criteria involved: very common problem. In the past is always easy to guess what "was" the best action to take, as the old saying reads ...hindsight is always 20/20. However, in real time emotions make it hard to take the right decision. Our system has no emotional or subjective criteria to generate the trades.
Not considering the impact of spreads and swaps: a pip here and there in every trade weights towards the end of year. Spread is where the broker makes it cut, so they must be factored in the system. Swap/Interest plays an important role, use them to your advantage. All our pairs are swap/interest positive, meaning that for every day holding the trades you will receive positive interest. Consider it as a bonus for holding the trades a few days.
Not considering real drawdown: in order to know your capital requirements you must know the system drawdown figure. Always stay in control of your account, that means never overeager it. When you over leverage it you pass the control of your account to the market swings and the broker who may liquidate your account if you margin falls below the requirements. You can trade our with low leverage, adjust the margin to your risk tolerance and depending if you trade more systems at the same time in your account.
We suggest to trade all pairs, since winners and losers will tend to compensate. However, is important to understand each pair characteristic and how they impact the system. We choose to show ALL available performance history, and not just the latest months. As much information as possible help our customers to make better decisions:
Stats for the latest 8 years for the six pairs traded by PipsExpert:
EUR/USD
Number of lots per trade
2
Profit Factor
3.85
Win Rate
77%
Avg Days in Trade
2
Worst drawdown (pips)
419
Comments
One of the most stable, liquid and consistent trading pair for PipsExpert system. If you prefer to start with only one pair then Eur/Usd would be the best choice. While interest/swap received is low, its usually a very stable pair.
GBP/CHF
Number of lots per trade
1
Profit Factor
2.56
Win Rate
81%
Avg Days in Trade
4
Worst drawdown (pips)
780
Comments
Another steady performer and excellent swap/interest paid for holding it. Is more volatile than Eur/Usd but also more profitable. Be aware that this pair, like Gbp/Jpy, is the choice for carry traders. That means when market conditions start to get volatile this pair will move according.
Forex System Trading Formula
If You Would Like The Secret Forex System Trading Formula That Only A Handful Of Trader's Know About, Then Here's Your Shortcut Guide To Forex Trading Success!
Fact: The Forex is by far the largest & most liquid market in the world. With over 1.4 trillion dollars traded & 100:1 leverage…You need to read this article!
If you already know only a little about Forex System Trading click the link above... If you don't know anything about Forex trading, I recommend you first read the article below:Forex, short for foreign exchange, is trading where the commodity is not stocks or shares, but currency.
Not only does this market trade 24 hours, but the daily volume exceeds $1.4 trillion, making it the largest and most liquid market in the world. Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business.
Foreign exchange trading takes place in financial trading centers all over the world, including New York, London, and Tokyo creating one cohesive, international market. The huge number and diversity of players involved make it difficult for even governments to control the direction of the market. The unmatched liquidity and around-the-clock global activity make forex the ideal market for active traders.
In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The trick in the black art that is Forex System Trading is accurately forecasting the direction of the fluctuation between two currencies. So how do you make money withForex System Trading?For example, suppose you had $100 and bought Euros when the exchange rate was two Euros to the dollar. You would then have 200 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with. This scenario, simple as it is, is the nub of Forex trading – buying and selling currency when exchange rates move in the right direction.
Now, all this sound fine and dandy,but what are the risks of Forex System Trading? Surprisingly, compared with other money market trades, the sheer scale of the Forex market ensures greater price stability and better leverage. With built-in protection in the form of automatic limits for buying and selling, safety margins and other risk protection measures the likelihood of ending up in the red even when the Forex market is volatile is infinitely reduced. But all Forex traders should note that the market is one of the most liquid around and subject to strong currency trends. While leverage figures of 100:1 are often times quoted, without adequate risk protection in place the pendulum swing between profit and loss can be stark. Even veteran Forex System traders can be caught out and take large hits from time to time. With this type of investor speculation, the golden rule must be: don’t risk what you can’t afford to lose.
Fact: The Forex is by far the largest & most liquid market in the world. With over 1.4 trillion dollars traded & 100:1 leverage…You need to read this article!
If you already know only a little about Forex System Trading click the link above... If you don't know anything about Forex trading, I recommend you first read the article below:Forex, short for foreign exchange, is trading where the commodity is not stocks or shares, but currency.
Not only does this market trade 24 hours, but the daily volume exceeds $1.4 trillion, making it the largest and most liquid market in the world. Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business.
Foreign exchange trading takes place in financial trading centers all over the world, including New York, London, and Tokyo creating one cohesive, international market. The huge number and diversity of players involved make it difficult for even governments to control the direction of the market. The unmatched liquidity and around-the-clock global activity make forex the ideal market for active traders.
In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The trick in the black art that is Forex System Trading is accurately forecasting the direction of the fluctuation between two currencies. So how do you make money withForex System Trading?For example, suppose you had $100 and bought Euros when the exchange rate was two Euros to the dollar. You would then have 200 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with. This scenario, simple as it is, is the nub of Forex trading – buying and selling currency when exchange rates move in the right direction.
Now, all this sound fine and dandy,but what are the risks of Forex System Trading? Surprisingly, compared with other money market trades, the sheer scale of the Forex market ensures greater price stability and better leverage. With built-in protection in the form of automatic limits for buying and selling, safety margins and other risk protection measures the likelihood of ending up in the red even when the Forex market is volatile is infinitely reduced. But all Forex traders should note that the market is one of the most liquid around and subject to strong currency trends. While leverage figures of 100:1 are often times quoted, without adequate risk protection in place the pendulum swing between profit and loss can be stark. Even veteran Forex System traders can be caught out and take large hits from time to time. With this type of investor speculation, the golden rule must be: don’t risk what you can’t afford to lose.
Sunday, November 25, 2007
forex trading news
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As they say currency markets don't get much sleep and how could they when they have to handle trillion of dollars everyday. Yes, currency trading is by far the biggest and perhaps the most interesting investment market in the world. In the past years, making use of mechanical currency trading systems has really picked up. These currency trading systems actually allow traders to analyze and predict movements in the markets.
This may sound obvious but many traders simply don't know and lose.
Lets find out exactly what moves prices and why and how you can take advantage.
Understand the following equation
Supply and Demand Fundamentals + Trader Psychology = Price movement
Prices are not simply a tug of war between supply and demand. As humans we put a value on the market and this is the unpredictable part of the equation.
When considering trader psychology keep in mind that it is humans that determine the price of anything, based upon how they see the facts.
Why is this important?
It's important because its humans that drive prices, with the emotions of greed and fear to the fore. It is the human element that you need to consider when trading the markets.
So how do you do it?
The obvious answer in FOREX trading is to use a system based upon technical analysis, simply follow charts and let them tell you which way prices will go.
As with today's fundamentals are instantly discounted in the price the news and data wont help you - understanding trader psychology will.
Technical analysis acts as a way of studying the fundamentals, as it assumes that all the fundamentals are discounted by the market and will show up instantly in price action.
Charts do something much more - they show up the long term repetitiveness of human nature.
Unpredictable in the short term, but over the longer term certain reliable chart patterns can be spotted that are a reflection of repetitive human psychology.
Now consider this:
Each trillions of dollars are traded in the markets, by numerous participants and while in the short term these participants can be unpredictable, in the longer term human nature is constant and chart patterns repeat.
How to trade
When trading don't fall for the day trading story.
All short term moves are random and you can prove this by asking any day trader for a long term track record of REAL profits made in trading.
Ask for one and you won't get one.
Many new traders try and trade short term but as you can see above its why they lose.
You need to trade longer term and we would suggest using the weekly chart to spot the long term trend ( currency trends tend to last for months or even years) and then time your entry on the daily chart.
If you understand what we have just discussed you will see that a long term technical approach to trading is the best way to make long term profits from Forex trading.
As they say currency markets don't get much sleep and how could they when they have to handle trillion of dollars everyday. Yes, currency trading is by far the biggest and perhaps the most interesting investment market in the world. In the past years, making use of mechanical currency trading systems has really picked up. These currency trading systems actually allow traders to analyze and predict movements in the markets.
This may sound obvious but many traders simply don't know and lose.
Lets find out exactly what moves prices and why and how you can take advantage.
Understand the following equation
Supply and Demand Fundamentals + Trader Psychology = Price movement
Prices are not simply a tug of war between supply and demand. As humans we put a value on the market and this is the unpredictable part of the equation.
When considering trader psychology keep in mind that it is humans that determine the price of anything, based upon how they see the facts.
Why is this important?
It's important because its humans that drive prices, with the emotions of greed and fear to the fore. It is the human element that you need to consider when trading the markets.
So how do you do it?
The obvious answer in FOREX trading is to use a system based upon technical analysis, simply follow charts and let them tell you which way prices will go.
As with today's fundamentals are instantly discounted in the price the news and data wont help you - understanding trader psychology will.
Technical analysis acts as a way of studying the fundamentals, as it assumes that all the fundamentals are discounted by the market and will show up instantly in price action.
Charts do something much more - they show up the long term repetitiveness of human nature.
Unpredictable in the short term, but over the longer term certain reliable chart patterns can be spotted that are a reflection of repetitive human psychology.
Now consider this:
Each trillions of dollars are traded in the markets, by numerous participants and while in the short term these participants can be unpredictable, in the longer term human nature is constant and chart patterns repeat.
How to trade
When trading don't fall for the day trading story.
All short term moves are random and you can prove this by asking any day trader for a long term track record of REAL profits made in trading.
Ask for one and you won't get one.
Many new traders try and trade short term but as you can see above its why they lose.
You need to trade longer term and we would suggest using the weekly chart to spot the long term trend ( currency trends tend to last for months or even years) and then time your entry on the daily chart.
If you understand what we have just discussed you will see that a long term technical approach to trading is the best way to make long term profits from Forex trading.
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