Why I Like predict forex

How To Find A Forex Broker That Won`t Rob You Blind

It`s not always easy to know what to look for in a forex broker, especially in any market, much less a market as complex as currency. But, if you want to trade in the market you need a good firm to work with. While it might be tempting to simply ask the brokers what they can do for you, you can`t always depend on them to give you a straight answer. So instead, I`ve put together a few things to consider when choosing your forex broker.

You will want a forex broker that has low spreads. The spread, which is calculated in pips, is the difference between the price at which a currency can be bought and the price at which it can be sold at any specific point in time. Since forex brokers don`t charge a commission, this difference is how they make money. Low spreads will save you money.

Along with this, you should be looking for a forex broker attached to a reputable institution. Unlike equity brokers, they are usually attached to large banks or lending institutions. The firm should also be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity Futures Trading Commission (CFTC).

Once you`ve narrowed your choices down to brokers that won`t cost you too much, and that are reputable, consider the trading tools that they are offering you. Forex brokers have many different trading platforms for their clients, just like brokers in other markets. These often show real time charts, technical analysis tools, real time news and data, and may even offer support for the various trading systems.

Before you commit to any one company, request free trials of their tools. Brokers generally provide technical as well as fundamental commentaries, economic calendars, and other research to help you make good trades. Shop around until you find a forex broker who will give you everything that you need to succeed.

The next item that you will need to evaluate carefully is the number of leverage options your potential partner has. Leverage is a necessity in forex trading because the price deviations in the currencies are set at fractions of a cent. Leverage is expressed as a ratio between the total capital that is available to be traded and your actual capital. For example, when you have a ratio of 100:1, your forex broker will lend you $100 for every $1 of actual capital you have. Many brokerage firms will offer you as much as 250:1. If you have low levels of capital you will need a brokerage with high levels of leverage to make reasonable profits.

If capital is not a problem, any forex broker that has a wide variety of leverage options would be a good choice for you. A variety of options will let you vary the amount of risk you choose to take. For example, less leverage (and therefore less risk) may be preferable if you are dealing with highly volatile (exotic) currency pairs.

Along with different levels of leverage, look for brokers that offer different types of accounts. Many brokers will offer you two or more types. The smallest account is known as a mini account and it requires you to trade with a minimum of around $300. The mini account also generally offers a high amount of leverage.

The standard account allows you to trade at a variety of different leverages, but it requires minimum initial capital of $2,000. And finally, there are premium accounts, which often require significant amounts of capital. They also generally have different levels of leverage available to the traders who use them, and often offer additional tools and services. You will need to make sure that the partner you choose has the right leverage, tools, and services for the amount of capital that you are able to work with.

A brokerage firm that meets all of these needs should be a good forex broker for you, but you still need to be certain that they are honest. Dishonest brokers can be prone to prematurely buying or selling near preset points (commonly referred to as sniping and hunting) or may indulge in other habits that will cost you money.

Obviously, no brokerage firm admits to doing things like these, but there are ways to know if they have. The best ways to find out more about your potential forex broker is to talk to fellow traders. There is no list or organization that reports dishonest activity, but a visit to online discussion forums, or a simple conversation will often reveal who is an honest forex broker.

You should also watch to see if a brokerage firm has strict margin rules. Since you are trading with borrowed money, your forex broker has a say in how much risk you are able to take. You agree to this when you sign a margin agreement for your account. This means your firm can buy or sell at his discretion, to cover the brokerage firm's interests, which could have repercussions for you.

Say you have a margin account, and your position takes a headlong nosedive before it begins to rebound to all time highs. Even if you have enough cash to cover it, some brokers will liquidate your position on a margin call at that low point. This action on their part can cost you dearly. You can only find out whether the firm is prone to this kind of activity by talking to other traders. Being informed on all aspects of a forex broker before you make the decision to trade with them will allow you to start trading the forex market with confidence.

About the Author

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Why You Should Trade FOREX Over Other Investments

Everyone has heard of stocks and shares, probably even the futures market, but trading the FOREX (Foreign Currency Exchange, or FX) market is a relatively new phenomenon. Until recently, FOREX was the domain of the banking fraternity (large banks can trade billions of dollars daily), and the elite in financial and business circles. But now it is possible for the average person to be a part of this incredible - and very profitable - way of making a living, thanks to the personal computer and an internet connection. All done electronically and considered an over-the-counter (OTC) market, trading is far easier and less risky than either the futures or the stock markets. Money can be made both on a rising and falling market, unlike the stock market, which relies on shares increasing in price to create profit.

More and more astute internet entrepreneurs are shunning the traditional financial markets and turning to FOREX trading. They know that it is possible to earn a full-time income from part-time effort - if you'd like to make $200 to $3,000 for as little as ten minutes' work, and with minimal risk, then FOREX is for you.

FOREX, the spot (cash) market for buying and selling currency, is the largest financial market in the world. Every day more than $1.5 trillion (yes, trillion) is traded globally and, unlike the stock market, which has fixed hours, it is a market that never sleeps. Somewhere in the world, at any time of day or night, FOREX is open for business, six days a week. The market starts each day in Sydney and moves around the globe as other FOREX financial centers open: first to Tokyo, then London and New York.

In simple terms, currencies are traded in pairs, for example the Euro and the US dollar (EUR/USD). The first currency - in this case the Euro - is known as the base currency; the second currency (here, the US dollar), is the counter-currency. All trades result in the simultaneous buying of one currency and the selling of the other. Thus, in this example, if you place an order to buy the EUR/USD, you are buying the Euro and selling the US dollar. If you were to sell the pair, you would be selling the Euro and buying the US dollar. There are many other currency pairs, such as USD/JPY, GBP/USD, EUR/GBP, USD/CHF and so on.

What makes trading FOREX an incredible way to make money online, is that price movements are highly predictable, creating trends that can be anticipated when it comes to decide when to buy and sell. Contrasting with stocks and shares, FOREX trading through brokers is commission free. It is also possible - and definitely recommended - to open a demo (practice) account with a broker first, where you can learn to trade and gain experience before you part with a cent of your own money.

Do you want financial freedom? With huge advantages over other more conventional money markets, why not experience the excitement of pips, rollovers, leverage, lots, long and short positions, limit orders etc. and start to trade FOREX. Good luck!

Penelope Housden.

For more information on FOREX trading, and a FREE report showing how you can turn $300 into $30,000 in as little as 6 months, go to: www.firstclassforex.com

About the Author

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"Forex has the Advantage"

Greetings Fellow Forex Traders,

When it comes to trading in any market, Forex currency trading has a huge advantage over other players in trading business. Firstly, the Forex market has the advantage of time freedom. You see in the 4x market one can trade around the clock from Monday through Friday. In the stock market that is simply not possible since the market closes at 4:00. This advantage of time freedom allows those who have not yet earned enough money trading in the 4x market to maintain their day jobs while trading at night. It is also quite plausible to trade in the morning before a person goes to work. Trading the Forex can become an excellent second job for you.

Unlike the stock market, the currency trading market does not require a trader to pay a commission to place a trade. This will come as a welcome sign of relief to those who have grown accustomed to the vast amount of money they must fork over to their brokers which go towards clearing, exchange and government fees. In the 4x market you also do not have to worry about having a large sum of money in your account to sell your currency pairs. This concept of selling as you may already know is commonly called shorting in the equities world. You can buy or sell at will in the currency trading arena.

It is so amazing to be able to participate in this market right now. You can do so from the comfort of your very own home. As long as you have a computer that is connected to the Internet you are in business. You can begin trading with as little as 300 dollars. I will show you how to turn this 300 dollars into some serious money in no time at all. This should be a lot easier to do given the advantages that you know the 4x market has over its competitors.

The Forex market is traded by some of the world's richest individuals including Bill Gates and Warren Buffett. You now have access to the same opportunities as they do. What is stopping you from getting on the road to financial freedom. You can start now. You do not have to wait. You have already begun the journey by choosing to educate yourself on the pros of the Forex market.

I personally love the fact that you can trade whenever you want to with the Forex. You see, in the stock trading world you are flagged if you are deemed to be a daytrader. In other words if a trader of stocks chooses to trade every day, he or she must have an account balance of 50,000 dollars to do so. There are no such restrictions when it comes to trading the 4x. If you work at night, you may trade in the daytime. If you work during the day, you may trade at night. You simply trade according to the schedule that works best for you.

I want you to think about money for a moment. Who uses it? The whole world does in some form or another. Another advantage that the Forex market has is that there will always be a need for money. You are simply trading one currency for another in the currency market as the 4x is commonly reffered to. The Forex market is not going anywhere. It is here to stay. The only question is then who will be a part of it. We need money to buy the things we use everyday and so do those who live in the other parts of this world.

Another advantage that 4x has over stocks is the advantage of trading focus. Instead of having to choose between over 4,000 stocks you can deal with 4 main currency pairs. Any good business person knows that focusing on too many things is a recipe for financial disaster and this can hold equally true in the stock market. A stock trader also must grapple with the time issue doing research on all those potential stocks presents. It is also much easier to become familiar with 4 things as opposed to 4,000 things. Focus is the name of the game and 4x trading makes it much easier to do so.

The ball is now in your court. Will you take it and make the decision to win with currency trading? 4x is indeed the winner's game and those who win consistently know how to play it well.

Much continued success,

The creator of "The 4x Express"

The 4x Express can show you how to trade and do well in the 4x market. To catch "The 4x Express" soon at an email box near you and get your "Free Ebook" called "Forex Freedom" go to:

www.4xexpress.com

About the Author

The author of this article is the creator of "The 4x Express". A fantastic website which focuses on helping people succeed in the Forex market.

The Best Informaiton on best online stock trading forex day tradin

Forex Enterprise - A Full Review

A new marketing course to hit the internet by Nick Marks that advertises earnings of $1000 a day and $30,000 a month respectively. This turnkey system generating multiple streams of income is relatively new and so it is my pleasure to review it for you.

After purchasing you are given a login page where you are introduced to the system which is in website format. Everything is easy to access and well organized.

After Nick gives you a little pep talk about positive thinking and goal setting, you will be introduced to his first recommendation: join Coastal Vacations. While not a part of his main Forex system this is a recommendation I could've done without.

In the pay per click section you are given a large list of keywords that Nick found convert really well with his system. Some of the keywords in the list have bid prices already attached to them so you can get front page exposure.

The course also has $50 in free adwords credit that unfortunately only works with new accounts so I was out of luck. If you don't already have an account this is worth the price of the course alone.

The forex course shows you some inexpensive traffic methods and provides links to these sources. He also covers stuff like pop-over ads, e-mail lists and autoresponders. Not bad information by any means, and is an alternative to pay per click advertising if you have a smaller budget.

He has an ebook package that seemed like it was going to be really cool as there were dozens of bonus ebooks and software programs covering everything from creating ebooks and website templates, to getting top positions in the major search engines.

As I took a closer look at this package I realized there were some bargain bin informational products included. However, there were also alot of goodies in there as well that I found rather useful. You get so many ebooks and software in here that it really is worth far more than the price of the course.

There is a section on becoming an Ebay power seller in 90 days that goes into a fair amount of detail and wasn't bad. However, Ebay isn't something I have ever been particularly interested in doing. There is also a section on baccarat strategies that I had no interest in.

One of the last sections of his course introduces you to e-currency exchanging using the DXINONE system. It is a great way to acquaint yourself with this increasingly popular opportunity without having to buy standalone e-currency courses which can cost a couple hundred dollars.

The author has combined several effective ways to earn money online and rolled them all into one course. While I didn't jump up and down about all of his strategies, the free ebooks, software, and adwords credit make Forex Enterprise worth the money.

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About the Author

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A Couple Points You Should Know About Forex Trading

Forex trading is hugely profitable, but it is not without its' pitfalls. If you're interested in a forex trading career, you will need to employ winning strategies that both ensure capital preservation as well as maximize returns. A Forex trader needs to be organized and needs the requisite tools in his toolset to be successful. Among these tools are:

1) A reliable internet connection - you do not want to be locked out during a crucial trade due to a faulty internet connection
2) A reliable computer - the machine needs to perform and not "freeze up". You need adequate hardware to run any Forex charting or signal software you may way to run.
3) A Dealing Station - this software serves as an interface between you and your broker and allows you to make trades with a few clicks of your mouse.
4) Real-Time Exchange Rates - rates update thousands of times daily, you must have up to the minute quotes
5) Executable Quotations - quotes you can click on and then instantly execute your trade

These basic tools are required, but are no guarantee of success. You will also need to develop a number of personal characteristics in order to succeed. Chief among these is the development of self-discipline. You will need to stick very carefully to a trading plan in order to forge a successful Forex trading strategy. You need to have the discipline to stick with your plan and execute it faithfully. You will need conviction in your beliefs, which will require you constantly seeking more information to augment your intuition. Forex markets move fast, and the best method for fast action on your part is having a plan of action planned, and then seeing it through to the end.

When you begin trading Foreign exchange currencies, you must always limit your downside. Get in the habit of trading only with money you can honestly afford to lose. This way, if you suffer losses, although they may be painful, they will not be completely devastating. Being able to handle your losses in way that doesn't destroy you mentally, emotionally, or financially, is a sure sign of long-term success. All traders experience losses, but great Forex traders keep their impact to a minimum because of careful tactics.

Forex is considered to be one of the most consistent trending markets in the world. Following trends closely can be your best ally in your quest for profits. To against the trend is to invite sudden and total disaster. There are a great number of indicators you will need to follow, although this treatise is too short to cover them. But once you know your indicators inside and out, once your intuition is aligned with the help of technical tools, and above all else, once you have defined and followed your perfect Forex trading strategy, you will know the joys of hugely profitable Forex trading. Good luck in your efforts.

About the Author

For information about Trading Forex, please visit Superiorinvestor.net

More information on forex

Forex Trading - The Day Trading Myth(s)

There is a whole mythology surrounding day trading. Numerous myths have sprung up around it. Some myth busting needs to be done. :-)

1) There is a trade (or more than one) every day. No. There isn't. If you try to trade like that, you are going to have problems. It's called over-trading. The spread will eat you alive. You're trying to trade like a broker without the advantage of being spread positive.

2) You're always flat at the end of the day. Not true. This relates to the first point. If you try to get in and out quickly, you won't let the market give you anything. But it doesn't matter if the market gives you anything or not, the broker is going to take his share one way or another. You will (in terms of your account balance) bleed to death.

3) It's easier than other kinds of trading. Really? I think the real meaning of this is it's easier to sell day trading courses than other kinds of courses. Remember the old line about a sucker being born every minute (they're actually being born faster now). It's still true.

4) The market is the same on all time frames. They would have you believe that things happen on the five-minute chart just like they do on the daily chart, just the daily chart is slower. Not so. The market is much more random on the faster time frames. More randomness, means it's harder to discern what is really going on. And that means it's a recipe for being separated from your money.

Do you want to learn more about how I trade? I have just completed my brand new guide, "Forex Trading - What Finally Worked For Me". Download it free here: Forex Trading Nathan Pennington is a forex trader and the author of Winning Forex Trading -THE Definitive Guide

Forex Currency Trading For Profit - Exit Strategies

So! You've plunged into trading currencies in the Forex market. You've bought USD/JPY, and prices are skyrocketing. You're elated because the trade so far is going in your favor-- and you're wondering when to get out of the trade. When do you take your profits and run?

If you are in the situation that I just described, you've made one mistake that sooner or later is going to cost you a lot of money-- probably sooner. It is a common mistake made by newbies who are excited about getting into the Forex market and testing their skills. Think of it as by far the best way to wipe out your traing account in record time. Because the bottom line is: professional traders never begin a trade without an exit strategy firmly in place!

There is no such thing as a trading opportunity that is so exciting that you have to get in the trade right then and there or you will hate yourself forever. Remember that currency trading in the Forex markets is practically non-stop, 24/5.5 (not 24/7). Every day is filled with trading opportunities, plenty of them. If you only see the one oh-so-urgent opportunity before you, could it be that you are not quite ready to trade currencies?

Plan your exit strategy at the same time you plan your entry. Wiser words have seldom been spoken. Do no less.

For entry's sake, what kind of profits are you looking for: how many pips? 5 pips? 10 pips? 20 pips? More? You don't have to be dead-set on a specific number of pips. You can just watch and see if the pips grow in your favor. But if you know ahead of time how many pips will fill your appetite, getting out of a trade is a snap: exit when you've gotten your pips. Don't get greedy! There will be more pips on the table tomorrow.

How strong are your entry signals? Hopefully, you are not considering a trade based on just one financial indicator, as that, too, leads to financial ruin. Given then that you are using a combination of established financial indicators (MACD, RSI, Stochastics, Pivot Points, trandlines, Bollinger Bands), how often have you seen the combination that you are using succeed? How often have you seen it fail? Have you found any early-warning signs of impending failure in previous similar setups?

How many pips are you willing to risk? No, wait. That's only half the question. How many pips are you willing to risk in order to make how many pips? Will you risk 10 pips to make 10? 10 to make 20? Some say that risking 10 pips is not enough-- that if you're not willing to risk 20 pips, you should not be in a trade. Do you agree or disagree? What does that do to your goal of expecting to profit by x amount of pips in the trade?

The amount of pips that you are willing to risk in order to make x amount of pips is really just a gentle way of asking: where are you going to place your stop loss order? Trading without a stop loss order is kind of like bungee jumping without the cord. Trading currencies in the Forex is often extremely fast-paced. Without an automatic stop-loss order to protect you, you may not be able to get out of a trade in time to prevent losses from reaching disastrous levels.

Finally, here's what I have found to be the best question to ask: how much does the currency pair that you are trading spike? Some currencies (the Yen pairs come to mind) spike quite a lot. What's a spike? A spike is a short candle body with one long wick or with long wicks both top or bottom of the body.

Say price for the USD/JPY is at 120.05 when you buy-- and you're looking at the five minute chart. Price starts rising rapidly, very rapidly, and goes all the way up to 120.17. Then, alas, price starts retracing, all the way back back down to the 120.05 at which you bought. Instead of going back up, price keeps falling all the way down to 119.90. And, still within the same five minute candle, price resumes its upward trend and closes at 120.09. On the chart, the body, the solid part of the candle, is short-- from 120.05 to 120.09. The top wick rises from 120.09 to 120.17, the bottom wick falls from 120.05 to 119.90. That's spiking in both directions!

You bought at 120.05, predicting that price would go up-- and it did, five minutes later, closing 4 pips higher than the open. If your stop-loss order was 20 pips below your entry point, no problem-- you're still in the trade. If instead you placed your stop-loss order 10 pips below your entry point, here comes pain: you got stopped at 119.95, only to have price ending higher, proving your buy decision to be right.

When trading currencies in the Forex market, the bottom line on exit strategies is short and sweet. Have one or don't trade. Know how many pips you want to risk when placing your stop-loss orders. And, if you want to do yourself a favor, know if, how, when, and how often your trade's currency pair spikes.

P.K. Wells is an active trader, webmaster and a software developer. For free software that will assist you when trading the Forex currency markets, visit Forex Paper Trader, MarketOpen, Forex News Reader, Free Forex Charts Launcher - 100% Free Forex Software

The Definition Of Forex Is Not "Easy Money"

The definition of Forex is: whenever one form of currency is traded in exchange of another. As with most things online the Forex market has become an opportunistic battlefield for small time people to make big bucks in selling hype. If you do a search for Forex online, you will likely find thousands if not millions of sites dedicated to showing you how to make money in the Forex Market. Most of them always claim the same thing, ?I?ll show you how to make 7 figures a year!?

If you?re like me, you?ve grown so tired of seeing that headline, that you immediately hit the ?X? button when you see that title on a site. Personally I thank them for believing people are so gullible because it?s the only reason I have the job that I have. All day long I receive request for reviews of e-books, memberships, online opportunities and too many other things to name. Most of the time I?m bored out of my mind but the sheer repetition of the same re-canned junk.

So you can imagine my delight when something that I?m reviewing is able to hold my childishly short attention span. By no means is trading on the Forex market an easy venture to understand, nor garner a seven figure income with ease (if it were that easy do you think they?d give it away for a few bucks?). But there are a handful of programs that truly teach you exactly how to go from newbie to earner in fairly short order.

The latest program that came across my desk is called Forex Trading Machine and was developed by a guy named Avi Frister. He?s been a successful Forex trader for over 11 years and his system backs his expertise up. Most of the programs that are successful have found ways to maximize earnings while minimizing risk, and as far as I?ve seen, this is probably one of the most unique and profitable Forex systems available online.

Jordan Drew is and expert reviewer on all things things in the Clickbank network, as well as hundreds of other products opportunities offered online. Know before you buy! http://www.beforeyoubuyonline.com http://www.beforeyoubuyonline.blogspot.com

Forex Trading Systems - Picking The RIGHT One To Make Big Profits

Forex trading systems are big business get the right one and you can make big currency profits and get the cost you paid back many times over.

However, most forex systems don?t make money so you need to choose the right forex trading system and this is what this article is all about.

1. Track record

You will see lots of claims made by vendors selling systems and it?s tempting to believe them.

?90% success rate?

?6 figure income guaranteed?

And many more ? The first thing to do is ask for their track record. What have they made with the system?

While this does not guarantee profits in the future it will show the logic of the system is soundly based and the vendor has confidence in it. If they don?t trade it why should you?

Treat hypothetical track records with caution we can all make a profit if we know what the closing price was!

2. Pick a trend following system

That?s longer term by nature ? day trading systems NEVER make money we have written frequently on this if you don?t know why read them.

3. Pick a simple system where the logic is revealed

Why?

Quite simply, if you don?t know how a system makes trades you will not have the confidence to follow it through inevitable losing periods.

Confidence leads to discipline, which is an essential part of trading a forex trading system for profits.

If you don?t have the discipline to follow a system you don?t have one at all!

4. Pick a simple system with a few parameters

It?s a well known fact that simple systems with a few indicators work far better than more complicated systems.

Why?

Because, they are more robust in the face of brutal market conditions.

5. Beware of optimized systems

There are systems that use different rules to trade different markets or currencies.

These are frequent in hypothetical track records.

The vendor can?t make the rules work on all currencies, so they optimize them and this leads to losses in the market

6. Check out the vendor

It?s a fact that most forex trading systems are sold by people who have never traded and leads on from our point about looking for a real time track record.

If they don?t have confidence to trade for real why on earth would you want to take their advice?

These are just a few tips to follow when choosing a forex trading currency system, they don?t guarantee success, but they will certainly put the odds in your favor for finding a good one.

Forex systems can and do make money, but it is all about getting the right one so spend some time doing some shopping around.

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