By admin | December 20, 2008 - 8:06 am - Posted in Articles

titleThe Real Secret to Day Trading Forex Currency/titlepYou want to know the real secret to day trading forex currency? Well, here it is: emConfidence and understanding of the market/em. There you go. Theres your real holy grail. If you can accomplish these two feats then you can write your own paycheck. Happy? Ok, so you probably need a little more information. Fine. Here it is:/ppustrongConfidence/strong/u! I cannot begin to tell you how many forex traders in the world are having anxiety attacks watching their trades just as I am typing. If you cant handle a trade or trading or in general, then ustrongdont do it/strong/u. Youll never have success day trading forex currency if you are watching every pip move like its life or death. Emotions can destroy a trader. A traders fear can cause him/her to hold a trade even though the obvious trend is going against them. It could also have the adverse effect in which a trader closes a trade WAY too early because hes afraid to hold it, even though all the signs are pointing in the right direction./ppI could give you the greatest trading system in the world, but it wont do you much good if you dont have any confidence in trading it./ppThe ustrongunderstanding of the market/strong/u goes hand in hand with the confidence. When I say emunderstand,/em I mean just that: Understand what you are looking at. Dont be like everybody else who has to use indicators to tell them what the market is doing. Does anybody understand what these indicators even mean? Can you honestly tell me what using an MACD Divergence does? Its colorful and its pretty on a chart, but what does that have to do with the tea in China? Take the time to understand the underlying causes of price and market movement./ppTake off the indicators on your charts and see if you notice some repeated patterns. If you can start to see them then you can be ahead of the other 95% of forex traders who end up losing money on the markets. After all how can you have confidence day trading forex currency if you have no idea what you are looking at./ppJim Buhs has been a successful forex trader after learning how to trade price action. He was able to have a target=_new href=http://www.squidoo.com/forex-successforex trading success/A after he cleaned his charts of indicators, and his profits soared./ppTo check out Jims Highest recommendation go to LearnForexDirectory.com and look at a target=_new href=http://www.learnforexdirectory.com/forex-education/bird-watching-in-lion-country.htmlBird Watching in Lion Country/A./pbrbr

By admin | December 19, 2008 - 7:31 pm - Posted in Articles

titleManaged Forex – How to Manage Your Forex Trading/titlepMoney changes everything. This line from a song takes a pitch on how money affects man. People from all walks of life – poor or rich – think of numerous ways on how to earn money or even how to grow them into million bucks. We are not survived by love alone, money still matters./ppOne of the most-sought after money-making investments nowadays is the popular forex trading. You watch them in the news, read them in the papers, see them in the movies – everybodys talking about it, and you dont even know a thing that people really do get rich from a well-managed forex trading./ppIf you are a novice, we are providing you with guidelines on how to start with forex and have a successfully managed forex trading all throughout./ppKnowledge is Power. The most successful businessman in the world is the man who has gained true knowledge and master of the business. You cant engage your money at once just because people are telling you this is how you do it. If ever their opinions matter, it is your opinion that matters the most. Search for numerous information about the business. Read them thoroughly and learn them by heart. Try joining seminars or workshops, watching online videos and tutorials, and dont stop until you know you have gathered more than enough information./ppRight Trading System at your doorstep. Before finally making a choice on which broker you have decided to put your money on, study all the different systems of brokers and do some sort of charting or auto trades on the computer./ppWork out your Trading Plans. Get your objectives, market strategies, point of investment and expected return on investments sorted out. If you have not finalized these details, then do not try to jump into the water yet. You will likely lose whatever you have invested. If in case you have a well-managed forex plan ahead of time and still failed to profit from the business, do not fret for there is always room for improvements on everything. Find out where you have mistakenly set your plans./ppManaging your money. In every business or investment, there are always possible risks or dangers. Learn how to manage your money and protect it from losing terribly. As I have mentioned earlier, set your objectives on your profits and set protective indicators on when to make a stop. Because if you lose everything at once, you might miss a great chance along the way since you have no capital anymore. Also, try managing your personal expenses with it./ppEverything is learned thru discipline. Especially if you are about to target a well-managed forex trading success from the beginning, it is important that you learn the art of discipline. Do not be moved by your emotions along the way; do trade with your trading plan at hand./ppOnce you have discovered the right formula to a well-managed forex trading, forex business can really be a smart and beneficial move to grow that capital in hand./ppJohn Callingham shows you which a TARGET=_new href=http://www.ForexReviewInsider.commanaged forex/a techniques, systems, and strategies actually work and which ones do NOT. Learn how to profit off of rising world currencies at a TARGET=_new href=http://www.ForexReviewInsider.comhttp://www.ForexReviewInsider.com/a/pbrbr

By admin | - 6:55 am - Posted in Articles

titleBollinger Bands Strategies/titlepThe Bollinger Band theory is designed to depict the volatility of a stock. It is quite simple, being composed of a simple moving average, and its upper and lower bands that are 2 standard deviations away. Standard deviations are a statistical tool used to contain the majority of movement or deviation around an average value. Bear in mind that when you use the Bollinger Band theory, it only works as a gauge or guide, and should be use with other indicators./ppNormally, we use the 20-Day simple moving average and its standard deviations to create Bollinger Bands. Strategies some investors use include shorter- or longer-term Bollinger Bands depending on their needs. Shorter-term Bollinger Bands strategies (less than 20-Days) are more sensitive to price fluctuations, while longer-term Bollinger Bands (more than 20-Days) are more conservative./ppSo how do we use the Bollinger Band theory?/ppThe Bollinger Band theory will not indicate exactly which point to buy or sell an option or stock. It is meant to be used as a guide (or band) with which to gauge a stocks volatility./ppWhen a stocks price is very volatile, the Bollinger Bands will be far apart. In technical indicator charts, this is depicted like a widening gap. On the other hand, when there is little price fluctuation, hence low volatility, the Bollinger Bands will be in a tight range. This is depicted as narrow lanes along the chart./ppAs for how we use the Bollinger Band theory, here are a couple of guidelines./ppHistory shows that a stock usually doesnt stay in a narrow trading range for long, as can be gauged using the Bollinger Bands. Strategies include relating the width with the length of the bands. The narrower the bands, the shorter the time it will last. Therefore, when a stock starts to trade within narrow Bollinger Bands, we know that there will be a substantial price fluctuation in the near future. However, we do not know which direction the stock will move, hence the need to use Bollinger Bands strategies together with other technical indicators./ppWhen the stock starts to become very volatile, it is depicted in the chart by the actual stock price hugging or staying very close to either the upper or lower Bollinger Bands, with the Bands widening substantially. The wider the Bands are, the more volatile the price is, and the more likely the price will fall back towards the moving average./ppWhen the actual stock price moves away from the Bands back towards the moving average, it can be taken as a signal that the price trend has slowed, and will move back towards the moving average. However, it is common for the price to bounce off the Bands a second time before a confirmed move towards the moving average./ppAs usual, and for the Bollinger Band theory in particular, it should be noted that individual indicators should not be used on their own, but rather with one or two additional indicators of different types, in order to confirm any signals and prevent false alarms./ppSteven is the webmaster of a target=_new href=http://www.option-trading-guide.comhttp://www.option-trading-guide.com/a If you would like to learn more about Option Trading or Technical Analysis, do visit for various strategies and resources to help your stock market investments./pbrbr

By admin | December 18, 2008 - 6:16 pm - Posted in Articles

titleCurrency Trading Strategy – How To Use The Fib 127 For Consistent Profits/titlepA solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time./ppMany newer traders set too ambitious profit targets expecting the trade to be the big one and hoping it will help offset the losses they have accumulated./ppHowever, a far more effective currency trading strategy is to set a reasonable profit target each time, not expecting the home run, and being satisfied with smaller profits which on a consistent basis will build the equity in the account surprisingly quickly once the compounding action kicks in./ppHere is where the Fibonacci tool comes in./ppThis article assumes a trader knows how to use the Fibonacci tool which comes as a standard technical analysis tool on most charting software packages./ppWhile the key retracement levels are 38, 50, 62 and 70 percent, two extension levels are commonly used – 1.27 and 1.62 percent./ppbThe Importance Of Fib 127/b/ppIt is the 1.27 level we are interested in./ppWhy?/ppBecause price regularly gets to the 1.27 level, or at least within a few pips of it. Price also gets to the 1.62 level fairly often but not nearly as often as the 1.27 level./ppSo if you are trading with the trend, always a safe currency trading strategy, and price has pulled back to the 50 or 62 retracement levels, there is a very reasonable chance price will reach the 1.27 target./ppIf price pulls back to the 79 retracement level it may not go so far. If you trade from that retracement, you will want to take the first profit at the end of the swing as price may not extend beyond that point to the 1.27 or 1.62 level./ppSome traders just focus on this currency trading strategy when going with the trend:/ppul liIn at the Fib 50 retracement/li liOut at the Fib 127 extension/li/ul/ppbWhy is this such a sound currency trading strategy?/b/ppBecause the Fib 38 retracement level does not offer such a good risk reward ratio many times. There is always the risk price will pull back further and take out your stop./ppOn the other hand, price frequently fails to reach the 62 or 79 retracement levels so the trader is left on the sidelines as the trade fails to get filled./ppThe 50 level is frequently reached so the trader has a good chance of getting his order filled./ppOn the other hand, the 127 extension is not too ambitious. In at 50 and out at 127 will often net a profit of somewhere between 25 and 40 pips. With a 20 to 25 pip stop the risk reward ratio is satisfactory./ppbHow To Use Fib 127/b/ppHere are some other factors to consider when using the Fib 127 extension:/ppLook to see if this level coincides with other factors such as/pliA previous key level of support or resistance on the higher time frames such as 1 hour, 4 hour, daily, or even weekly./liliThe 200 EMA (Exponential Moving Average) on the 1 hour or 4 hour. This often provides quite a strong level of support and resistance./liliA pivot point (Central Pivot Point, R1, R2, S1, S2, or M1-4 levels ) calculated from the previous days High, Low and Close./libr/ulpEven when targeting the Fib 127 as the profit taking point, it is wise to trim a couple of pips of the limit order. So often price will nearly reach Fib 127 and pull back./ppYes it might go on to touch it later but in the meantime price retraces and you have to have the mental stamina to be able to handle that./ppMany traders would rather just take a slightly smaller profit and save themselves one or two hours of price consolidation with the risk they may lose the profit altogether./ppA solid currency trading strategy develops over time. A key ingredient is not being too ambitious. The Fib 127 extension level is a reasonable profit target you can use regularly to extract your wages from the Forex market!/ppbFor a free Fibonacci calculator, pivot point calculator, and the best free economic calendars click here:/b/ppa target=_new href=http://www.vitalstop.com/Forex/tools.htmlhttp://www.vitalstop.com/Forex/tools.html/a/ppbFor a free candle chart pattern recognition reference tool click here:/b/ppa target=_new href=http://www.vitalstop.com/Forex/Candle-Chart-Patternshttp://www.vitalstop.com/Forex/Candle-Chart-Patterns/a/ppbSee how to use trendlines to get an optimum trade entry point:/b/ppa target=_new href=http://www.vitalstop.com/Forex/trendline.htmlhttp://www.vitalstop.com/Forex/trendline.html/a/pbrbr

By admin | - 5:40 am - Posted in Articles

Recession word itself enough to create a panic in the stomach of the whole world. If someone gets up and checks the empirical meaning of recession in the good lexicon, he or she will feel something disgusting about it; fear factor will dance in front of him or her. It looks like coming to hell just after knocking the door of the zenith.

At this juncture world is confronting the same fearful word “Recession” in empirical way. The world had good news that U.S. GDP (Gross Domestic Product) has grown 3.3% annually in second quarter of year 2008 but it was just like an oasis and faded away when US government has given whopping jobless claims 444,000 on last Thursday. Rising inflation, housing slowdown, 16 year low housing prices, diminishing industrial growth, Federal Reserve policy on interest rate all are rubbing salt on the wounds. Now US government is pondering over the Fannie and Freddie financials and set to take over the housing mortgage giants.

It is not only United States of America but whole world starting from African countries to European countries, which covers Asia too. Markets from New Zealand to India suffered a sell-off Friday, September 5, 2008, with as many as five benchmark indices set 52-week lows, as investors dumped stocks on concerns about weakening growth prospects and uncertainty over the global economy.

Socio-political issues has created unusual troubles in South Africa, which is known as the most prosperous country in the African continent and precious metal mining hub across the globe, had reeled on august 6, 2008, when rand has fallen 1.90% against the USD due to trade union nationwide strike to protest against the food and electricity prices. State military of Nigeria said, “Blast was not an accident but deliberate sabotage by a group protesting the alleged nonpayment of fees by the energy company to the local population.” Nigeria social turmoil is on acme and any time untoward happening may occur that can fuel, for the time being subsidized, crude oil prices. Zimbabwe political instability continues to romp over the constructive activities in the region. The inflation in Zimbabwe jumped to over 11,250,000% in June. Rebels in Kenya are also contributing enough in poorly shaped African economic condition.

Now look at Asian economies, first comes China where everyone was thinking that after the Olympics china will resume the economic work on growth agenda and the demand for the commodities like copper, aluminum and steel will rise but it was a distant dream all base metals are setting new lows on commodity exchanges. China also eyeing on currency markets and all set to devalue the Yuan against its rival currencies in order to enhance the export growth which has become less lucrative for the exporters. World Bank has trimmed China’s growth rate to 9.60% from earlier 10.80% for the current fiscal. China needs to generate more than a million jobs every year and it is very difficult without double digit growth rate on the cards.

Japan, The land of rising sun, is also undergoing through tremendous inflationary pressure which was previously known for deflation. Prime Minister Yasuo Fukuda resigned after less than a year in office. His government failed to rein in inflation. The rise in inflation has been a trauma for a country that has spent the last decade grappling with deflation. Core consumer prices were up 2.4% in July 2008 from a year earlier, a panic bounce since 1997, and many Japanese have clamped down on spending. Japanese finance ministry has already given cowardice statement over the current year GDP growth rate. Experts say Japan has already slipped into recession and no one is predicting growth above 1% this year.

HengSeng, the Hong Kong stock index, has broken the 20,000 level. South Korea is under the scan of developed world where nuclear energy matters continues to harass the top officials of the nation. Korean Stock index is also not showing any glimpse of breaking upper records.

India’s economy grew at its lowest rate in the first quarter of financial year 2008-09 since last three years. The Reserve Bank of India is all set to rein into record high inflation by applying tight credit policy which remained above 12% level for the past few weeks. Annual growth slowed to 7.90 % in the first quarter of 2008-09 which ended on June 30, significantly lower than the 8.80 % rate reported for the January – March quarter.

Europe also nowhere different at present whole Europe is combating with rising inflation and fresh downward revisions in the growth rate. European inflation accelerated to the fastest pace in almost 16 years to a record high 4% earlier before arriving at 3.8%. Consumer business confidence index is also recorded significant decline and Economic confidence fell in August to 88.80. Brussels has revised the Euro zone growth rate downwards to1.80% from earlier November estimate 2.20%. Economic experts offering a faded hope and a few of them declared that next revision would be 1.30%.

Now the world is witnessing a global slowdown which can be said recession but optimistic experts say it is temporary and can be worked out with revamped financial policies. But at this juncture when the status quo is not allowing the central banks to act any way, one side inflation is rising which is not encouraging the central banks for rate cut and other side slowing economic growth is not supporting the rate hike. Hence forth in the last week Bank of England and European Central Bank kept their interest rates undisturbed, 5% and 4.25% respectively. United States Federal Reserve also kept its rate unchanged in last meeting.

Then utmost what can happen?

I think US credit market turmoil and high inflation is nowhere supportive in economic way for the world. Russia- Georgia tension, US-Iran-Israel issue and destructive happenings like terrorist attacks, natural calamities and political turmoil all over world is not foreboding good for the world.

The stock markets, commodity markets and financial instruments are heading towards south and not left even an iota of positive happening. Dow Jones, Nasdaq, FTSE, BSE, CAC, KOSPI, HengSeng, Nikkei, Shanghai all these stock exchanges shed their most of last year gains. Simultaneously commodity markets also near to nadir gold, the safe heaven commodity, has fallen more than $200 US after reaching $988US earlier this year. Silver is already near to set a new of the year. Likewise copper, platinum and aluminum are also fallen to lower extreme. Euro, USD, GBP, and Japanese Yen are behaving in the strange way and creating turmoil in the fundamentals of other financial instruments and markets. At present market elements are fighting for the worst rank. If the currency exchange rates changes more than 10% within a week,

The Raison d’être behind whole scenario of financial instability is that, fundamentals have not been respected during last year across the world. Investors have lost confidence over the period of wrong happenings that led to unsystematic investment in the financial markets. As far US, the world largest economy is concern until presidential election (new President) glimpse of hope is far away since it requires a major policy change. If same situation prevails shortly world may face biggest foul turnaround.

The whole world need to get together and must make necessary changes in the economical and political policies in order to overcome from this current imbroglio. The fundamentals of the market i.e. Demand and Supply has to be restored. People must realize the real money. G-7 meeting proposals have to be implemented in order to soothe the boiling intricacy of the world.

What can an investor do?

A good investor must workout different strategy for the investment. Meantime investors can stay away from the paper stocks and they can invest in the real asset value market viz. real estate, and commodities which runs on fundamentals rather than speculations. This is the best time to invest in housing because the prices are at possible lowest end. Markets with real assets value will perform better than paper assets in coming year.

Contact author at or [email protected]

By admin | December 17, 2008 - 5:03 pm - Posted in Articles

I’m going to help you make money currency trading with my most profitable advice I try to apply on a daily basis. This is a perfect opportunity for all those people out there looking to develop a second income from the comfort of their own home.

My first piece of advice is to watch the news. The most important news to watch would be the morning news because all the important economic news comes out at scheduled times in the morning. This news is very important because economic stability of a country determines the quality of the price of currency. If the quality of the economy goes down, the price of the currency will go down internationally. This is just the way it goes. The last thing you want to do is make a trade and in the middle of it, the Federal Reserve releases some information and your “good trade” turns into a big loss because you missed the news. You want to pay attention to any news relating to the economy and how well it is doing. This includes GDP, unemployment rates, central bank interest rates, consumer spending, etc. Typically if these numbers are good, than it is good for the currency. If they’re bad, they’re bad for the currency.

The next thing I want to discuss is not what you trade, but when you trade. There are basically two different times you can trade, high volume and low volume. I recommend starting in the high volume time because this is when everyone else is trading. This leads to a more predictable outcome since you can be sure market forces are in control. If you look at low volume times, a large bank could make a big trade which could drastically change the direction of a currency. At this time you would be at the mercy of a bank.

Lastly, you’ll want to get Forex Killer for your computer, so you can better handle trades and become more profitable. This software will seek out and find the most profitable trends out there, so you can profit from them.

The automated software of will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out .

By admin | December 16, 2008 - 3:15 am - Posted in Articles

Pick Up Forex Trading Now!

The name Forex, come from Foreign Exchange Market, which also referred as “Forex” or “FX” in short. Basically it involves a pair of currency. Meaning you buy a currency in exchange to another country currency.

For example if you visit Hong Kong from US. What would you do? Go to the money changer, use your US dollar to exchange for Hong Kong dollar right? By doing so you are actually selling your US dollar and buying Hong Kong dollar so that you can spend in Hong Kong. So if you return to US, you too will exchange your Hong Kong dollar to US dollar. Now you are buying back US dollar and selling your Hong Kong dollar. By now I hope you get the idea of basic currency trading.

So why trade Forex, you may ask? Well Forex is a 24 hours market and it is one of the largest markets in the world in term of daily volume. It trade volume range from 1 to 3 trillion USD every day. This is 6 to 8 times higher than the volume of the stock market in the world. It provides a lot of liquidity in the market. The large volume of participants also reduces opportunities for insider trading. To put thing to simple, there has NEVER been a case of complete currency collapse in a developed country.

For Forex trading is there is no restriction of short selling. Meaning you can buy (Long) or sell (Short). This mean you can easily trade in a rising or falling market.

Another great advantage of Forex Trading is leverage. Typically leverage increases your buying power. With this you are able to increase your total return on investment with less cash outlay. Of course increasing leverage increase risk too. However if you know how to manage your risk, this should not be a problem. Example if you have only $1000 dollar cash in a forex margin account, and a 200: 1 leverage, you can trade up to $200,000 in notional value.

Here is only some of the basic information on Forex Trading. To pick up forex trading, you may search more information in the internet or buy some books on Forex to read. Understand the basic foundation of Forex is a must!

Yeo Kian Poh

Pick up forex trading at Eric Yeo is the creator of

By admin | December 15, 2008 - 2:38 pm - Posted in Articles

Over the next few lines I will tell you a little story about my experience with my automated forex system, and why it is important that you have one if you want to make money consistently within the forex market.

Forex trading can be a highly profitable business, but as everything in life it all comes down to knowing very well what you are doing. So to make a profit within the forex market you must either be already an expert, or you have to try and become one fast, but then again, becoming an expert in anything within a short period of time is virtually impossible and very risky if it is your investment at stake.

Believe me, even if you are an expert you will make mistakes quite often, maybe not because of a lack of knowledge, but because we as humans sometimes let emotions like fear and greed take us over, and this is where a reliable automated forex system comes in.

I have been trading for quite a while, and I started by trying to educate myself as much as I could, so I began my trading operation on my own. I didn’t do that bad, but I was not making the kind of money I was expecting, considering what some friends of mine where cashing in every month.

After a few months I decided that I have had enough, so I confronted one of my friends to try and suck some information out of him; when I finally managed to break him, he agreed to let me in on what he was doing, and here is what I got:

He confessed to me that in addition to some manually placed trades, he was using an automated forex system that had the ability to place and close over 90% winning trades all by itself.

Initially I took that for a joke and kept asking him to come clean with me, but he insisted that that was it, and to dig me out of my skepticism he sat me at his pc and showed me his forex trading chart. After 15 minutes staring at the monitor, I was surprised by the sound of a new trading order being placed without me or my friend touching anything; it was the automated forex system working. My jaw fell to the ground and I almost strangled my friend for not sharing this with me before.

I stayed there for a several hours because I had to see more to actually believe it. Well, after almost 6 hours and an aching back from my friends crappy chair, I witnessed the automated forex system place 3 winning trades for a $600 profit.

As you might guess, I did not wait until the next day and went straight home to download the software, and after three months using it I can only say that not having it is a waste of your money. You read right, a waste of your money, because you will be missing out on profits that you cannot possibly make all by yourself, and here is why:

1) You can be attentive about what is going on in the forex market for only a few hours a day, because we as humans need to eat, sleep and sometimes even work, and every time you are not following the market trends you are potentially missing profitable entry points for a trade. The automated forex system will be on guard 24 hours per day, and it will take advantage of every good opportunity to place a winning trade, which often occurs during the night.

2) We as humans have a tendency to become scared and nervous when we feel we are about to lose money and that often leads us to make bad calls based on emotion rather than calculated analysis. The automated forex system will never be scared or greedy, it will always act based on the market conditions and therefore will have a much higher rate of winning trades.

This does not mean that you cannot trade based on what you know about the forex market, because having an idea of what you are doing will always place you ahead. However, if you team up with an automated forex system you are certain to increase your profits by 100% or more, and if you are new to the forex market, you will start on the right foot making profits from the very beginning with very little risk.

So if you have ever wondered whether you should have an automated forex system by your side or not, the answer is: Definitely. Not having it will cost you a lot of potential profits.

Visit the: , for details about fully tested and reliable automated forex systems (the one I am using is the first in their list).

Also visit my blog at: , as I am always posting comments on new ideas and giving away useful tools and resources.

By admin | - 3:05 am - Posted in Articles

The forex or Foreign exchange market is the largest and most liquid financial market in the world. Its existence is due to the need for trade of one currency for another. The forex has a twenty-four trading day (except on weekends) and a large variety of traders to meet the supply and demand of the market. Many large banks, multinational companies, governments and other financial markets utilize the forex, due to its use of leverage and low margins. Although, fiscal and exchange rates can affect the foreign exchange, as other markets, the forex remains strong.

Currencies traded against one another and each pair of currencies constitutes an individual product. Every currency on the foreign exchange utilizes an ISO 4217 international three -letter code with which the price of the unit expressed. The pairs of currencies separated into two groupings: base and counter to determine the worth of currencies. The first currency in the pair called the base and considered the stronger currency. The second currency named the counter currency is the weakest of the pair. In the forex market, what affects one of the currencies affects the other in the pair. Also known as currency correlation, this is what keeps trading strong and the value of the currencies to change.

The foreign exchange market has longer hours for trade and only slows down for weekends. This allows active traders on the forex to choose the times they want to trade. Commodity trading is done at all times of the day and they extend hours for US trades. Transaction costs for trading on the Forex market is the different between the buy and sell price of each currency pair and there are no brokerage fees. There are transaction costs incurred with both the stock and commodity market.

With the large variety of traders, utilizing the forex completion is fierce and the traders have many obstacles to overcome to become successful in the foreign exchange. The traders need to be fluent on the market standards and up and downs. Know the art of buying and selling commodities on the exchange will make or break a forex broker. Anyone can open a Forex trading account for $300.00 and start trading, but be sure this is a well thought out decision. After all, the financial trading markets can be very tricky.

Many large financial institutions, multi-national companies and other exchanges utilize the many advantages of the Foreign exchange market. The use of leverage is dependent on your account size and some have been shut out of trading due to leverage. The commodities trades in the foreign exchange are the most affected by leverage and can be very risky.

The forex is a vital part of international trade and an integral part of US relations with other countries. The world would be in a state of confusion without the Foreign exchange.

By admin | December 14, 2008 - 3:35 pm - Posted in Articles

For most players in the FOREX market, the use currency trading software is no longer a new concept.

In the past currency or foreign exchange (FOREX) traders relied on other people to help them out. Help was provided by those who provided signals. These signals are like warning signs for traders to decide whether it was time to sell or to buy. This was a great way to lessen the risk of a big loss and increase the likelihood of making a profit. Traders did not mind at all if they had to pay for the service because it was worth it.

There are some reasons why some traders are hesitant to pay for providers of signals. Some currency traders simply do not wish to become dependent on signals. If they always had to rely on signals, they would not gain the skills to analyze trends and make decisions on their own.

Some traders also realise that it is not easy to look for signal companies that are quite good and reliable. With the vast number of companies offering their services, it can be a chore to sift the ones with a good track record from the ones that are no better than guessers. If you do not get a good signal provider, you could end up spending more than you bargained for. A worse situation would be spending a total of more than your actual profits can support.

One good option that you can take aside from paying a signal provider would be to get software for currency trading. This can give you the opportunity to get the signals you need while you try to learn the ropes of currency trading. With good software, you get accuracy and reliability.

There are many software products out there for FOREX trading. You can save yourself a lot of trouble, effort and money by trying out two software products that are highly regarded and positively reviewed by real traders. FOREX Killer and Prophet1 Expert Advisor are two of the best software products around that can generate signals. They can work well for you regardless of what type of trader you are.

FOREX Killer provides signals for both short term and long term trading at great convenience. It can perform computations on the Windows operating system after acquiring broker data in csv format. Once it has the necessary information, it can analyze present prices based on the currency pair, time restrictions and loss and profit level specifications that you enter. With all the correct data in place, you can receive signals that can help you decide to buy or sell based on your trading style and preferences. You can use FOREX Killer for currencies, gold and stocks.

An alternative to FOREX Killer is Prophet1 Expert Advisor. Most successful trader users have applied this software for day trading but it has also been known to perform well under other time conditions. Use this software if you are comfortable with using MACD’s and moving averages as signal indicators. This software has the reputation of functioning so well even at default that it has a success rate of 90%.

Despite the advantages currency trading software can provide, you should not rely too heavily on them. If you truly want to be successful in the FOREX market, you should at least learn some techniques to analyze signals and trends yourself.

Whether or not you would like to have a currency trading software to help you in , you may like to read more about FOREX from our site. In case you are thinking about undertaking some , you can also check out our video section or simply do your own course search from our site.