Friday, June 06, 2008

My forex Reviews

What Is Online FOREX Currency Trading?


For the past 10 years, currency trading has grown dramatically. This has resulted in many companies setting up online currency trading operations. Forex, also known as the "Foreign Exchange" is used by all these companies. They offer all their customers a secure and safe place to conduct online currency trades.

When you wish to trade in the Forex market, you will have numerous companies to select from. All of them will supply you with various resources and tools. Almost all of them will provide you with real time market prices. They receive this information from the multi-sources inter-bank prices feed of the Forex. As a result, you will be able to make better trading decisions from the timely and accurate information. Unlike other markets, you will not find any re-quotes or time-delays which are frequently apparent in other markets. With these timely information on market prices, you can then use the Internet to trade directly.

Your trades are executed almost immediately when you participate in the Forex online currency trading. In fact, the currency trades are done in a fraction of a second on average. The transactions are executed at a very high speed.

When you are buying or selling in the Forex market, you?ll have 15 unique currencies available for you to trade in. This will provide you with many different options which you can subsequently formulate for many different potential strategies. Since the Forex is accessible to the public since 1995, we are looking at a relatively young market. But as it ages, it is very probable that the number of available currencies will continue to grow. With the available options expanding, you can also expect the number of people trading in this market to expand making it easier for you to execute a trade.

You should make sure that you are well equipped if you want to trade in Forex. It is important to deal with companies that will provide you with the right tools and resources. You should find Forex companies with the ability to provide you with timely news and the latest updates on the currency situation so that you will be properly informed and be aware of what is happening currently. You must research adequately into what online currency trading is all about especially if you are new to online currency trading. Once you are equipped with the right knowledge, you can then enter into the world of online currency trading with confidence, knowing that the Forex market is your number one option to earning a good profit on your investment.

Need more information? Please visit my Forex Trading Guide for more articles.



"How to Trade in Forex"



Biggest market on planet earth, Forex is short for Foreign Exchange, sometimes simply called FX. In excess of two trillion dollars is traded in Forex every single day. Forex is the most liquid and largest market in the world. Formerly cornered by the major banking institutions, large speculators, and major foreign-currency dealers, it is now open to most (even small) investors.


A small amount of capital can now leverage very large positions on the Foreign Exchange market. For instance, with 100:1 leverage, just making a $1000 investment can leverage $100,000. There is enormous potential gain with this kind of leverage, when you have learned "How to Trade in Forex".


Where does this Forex trading take place? Thousands of locations all over the world, at currrency exchanges, on telephones, and computer terminals. Forex trading can be done right on your personal PC. There is risk involved, as with any business venture. But your losses can be way minimized. And the profits or gains can be absolutely staggering.


As opposed to futures, stocks, and commodities, Forex is a Foreign Exchange of 5 major currencies, the U.S. Dollar, Brittish Pound, Swiss Franc, the Japanese Yen, and also Eurocurrency. In a nutshell, you're basically buying one currency in anticipation or indication(s) that it will gain in value compared to another currency.


The volatility of the huge Forex markets is influenced largely by the vloatility throughout the world. Politcal instability, the rise and fall of governments, natural disasters, and changes in international trade are just some factors in fluctuations of the Foreign Exchange. Fluctuations that result in enormous, usually fast profits for traders.


So, how does one learn "How to Trade in Forex"? There's no better teacher than a seasoned veteran. There are many of these on the internet with various programs, methods and techniques. Trading Forex isn't "rocket science", though many marketers make it sound that way. It can be very simple. Keep it that way and watch for a few key things.


Important Forex Trading Tips and Recommendations


* Learn from a trader who's traded for many years, is currently trading, and specializes in teaching others Forex Trading. Someone with a positive track record, with few - or no losing days. Someone that makes a living trading.


* Learn PDFT - Price Driven Forex Trading. With PDFT you don't trade on emotion, you use only the price of a currency pair and a time element. This might sound crazy until you learn why - but you'll use absolutely no disgression, interpretation, or judgement. These are areas that leave the trading door open to failure. What is the best way to trade?


Mechanical Trading


* 100% mechanical trading, a "trading machine". You don't use any of the trading tools, indicators, pivots, trend lines, etc. Just the price of the currency pair you are trading and a time element. Many new traders become disillusioned when trading is made so over complicated. It doesn't need to be, trading is more profitable if kept simple, mechanical.


* Trading time. Once you know "How to Trade in Forex", strategies can be executed in as little as one minute, some can be completed in just ten seconds! Using special Forex software like forex runner, forex flip & go, and forex trading machine, you'll make "hit and run" trades. 100% objectively you'll identify a trade, enter a buy or sale order, enter a stop loss order and a profit-objective order. If the market goes up or down with Forex, you can make money. No charts, no tools. A currency pair & a time element. That's it!


* Professional traders make incredible profits with large swings in the Foreign Exchange Market. They've also developed incredibly fast, efficient mechanical tools for the average person to do the same, and very quickly. All anyone needs to be successful in Forex Trading is a "Complete Trading Solution".


(You are welcome to use my articles. Please leave all links active, and the author bio box intact in your website or article. Thank you)

About the Author


There simply is no faster legal way on earth to make a solid fortune, than quickly learning "How to Trade in Forex". Using no emotional trading, no discretion, interpretation, or judgement. 100% mechanical, anyone can learn really fast "How to Trade in Forex"

Learn Forex Trading In An Innovative And Easy Way


Why Learn Forex trading?

The forex market is by far the largest market in the world. It is estimated that around $1.5 TRILLION is traded every single day. By far more then all the stock, bond and futures markets of the entire world combined! Forex or currency exchange is the term used to describe the trading of world currencies. A trade occurs when a trader simultaneously buy of one currency and sell of another one. E.g., to buy British pounds with US dollars. The currency combination used in a trade is called a pair.

What does a forex trader do?

Simple, buy a currency at a low value and sell it at a higher value, and in the process profit from it! For example, buy Great British Pounds with US Dollars, wait for the Pound rate to go up and make money! This can be done several times a day if the forex trader is a day trader or several times a week or month if the trader is a forex swing trader.

What are the main benefits of trading in the forex market?

Many currency pairs are very volatile. Volatility means that they move a lot during the day, from side to side, allowing traders to capture sometimes 5-6 price swings per day, each one potentially allowing the trader to make impressive profits.

5-7 currency pairs to monitor (instead of over 10,000 stocks!), no commission trading, guaranteed fills for stop losses and limit orders, impressive leverage.

The forex market is a 24 hour market. Never stops. This means that as a forex trader you can chose exactly when to trade. Some traders have day jobs and do not have the necessary time to trade during the day so they can trade at night. People who make their living as forex traders can chose to trade any time of the day or night. The point being, a 24 hour market allows the trader a lot of flexibility.

What are the Exclusive benefits offered by forex trading?

An incredible benefit of the forex industry is that today all forex brokers allow traders to open free demo accounts. This demo account has the full capabilities of a "real" account including live market rates, access to real-time market analysis, and the ability to execute trades off streaming prices. This means that the trader can test his or her strategies without risking a single dollar! No other business opportunity allows you to see if it works before you spend money!

Making a living as a forex trader allows you to be truly free! No office, no workers, no inventory, no marketing worries, no advertising, no selling.

Learning the right forex trading system allows the forex trader to trade by just following simple rules. If A happens and B happens then do C. This is called mechanical trading. It requires absolutely no discretion, interpretation or thinking from the trader.

In conclusion, Learning forex trading provides all level of investors with a lot of opportunities that many markets and industries do not provide. The reason many people have not heard of this opportunity until recently is that until not long ago trading currencies was reserved to the big dogs (banks, institutions, companies etc). Today with the help of the internet anyone can take advantage of on-line currency trading that was once reserved to an exclusive group.

Lisssa Jannini has been involved in home based businesses for the past 5 years. She offers sound advice from her experience. And at http://www.forex-trading-machine.com/ftrading.html she offers a way to do what she writes about.



How to Trade in Forex - and Make a Killing



Biggest market on planet earth, Forex is short for Foreign Exchange, sometimes simply called FX. In excess of two trillion dollars is traded in Forex every single day. Forex is the most liquid and largest market in the world. Formerly cornered by the major banking institutions, large speculators, and major foreign-currency dealers, it is now open to most (even small) investors.


A small amount of capital can now leverage very large positions on the Foreign Exchange market. For instance, with 100:1 leverage, just making a $1000 investment can leverage $100,000. There is enormous potential gain with this kind of leverage, when you have learned How to Trade in Forex.


Where does this Forex trading take place? Thousands of locations all over the world, at currrency exchanges, on telephones, and computer terminals. Forex trading can be done right on your personal PC. There is risk involved, as with any business venture. But your losses can be way minimized. And the profits or gains can be absolutely staggering.


As opposed to futures, stocks, and commodities, Forex is a Foreign Exchange of 5 major currencies, the U.S. Dollar, Brittish Pound, Swiss Franc, the Japanese Yen, and also Eurocurrency. In a nutshell, you're basically buying one currency in anticipation or indication(s) that it will gain in value compared to another currency.


The volatility of the huge Forex markets is influenced largely by the vloatility throughout the world. Politcal instability, the rise and fall of governments, natural disasters, and changes in international trade are just some factors in fluctuations of the Foreign Exchange. Fluctuations that result in enormous, usually fast profits for traders.


So, how does one learn How to Trade in Forex? There's no better teacher than a seasoned veteran. There are many of these on the internet with various programs, methods and techniques. Trading Forex isn't "rocket science", though many marketers make it sound that way. It can be very simple. Keep it that way and watch for a few key things.


Important Forex Trading Tips and Recommendations


* Learn from a trader who's traded for many years, is currently trading, and specializes in teaching others Forex Trading. Someone with a positive track record, with few - or no losing days. Someone that makes a living trading.


* Learn PDFT - Price Driven Forex Trading. With PDFT you don't trade on emotion, you use only the price of a currency pair and a time element. This might sound crazy until you learn why - but you'll use absolutely no disgression, interpretation, or judgement. These are areas that leave the trading door open to failure. What is the best way to trade?


Mechanical Trading


* 100% mechanical trading, a "trading machine". You don't use any of the trading tools, indicators, pivots, trend lines, etc. Just the price of the currency pair you are trading and a time element. Many new traders become disillusioned when trading is made so over complicated. It doesn't need to be, trading is more profitable if kept simple, mechanical.


* Trading time. Once you know How to Trade in Forex, strategies can be executed in as little as one minute, some can be completed in just ten seconds! Using special Forex software like forex runner, forex flip & go, and forex trading machine, you'll make "hit and run" trades. 100% objectively you'll identify a trade, enter a buy or sale order, enter a stop loss order and a profit-objective order. If the market goes up or down with Forex, you can make money. No charts, no tools. A currency pair & a time element. That's it!


* Professional traders make incredible profits with large swings in the Foreign Exchange Market. They've also developed incredibly fast, efficient mechanical tools for the average person to do the same, and very quickly. All anyone needs to be successful in Forex Trading is a Complete Trading Solution.


(You are welcome to use my articles. Please leave all links active, and the author bio box intact in your website or article. Thank you)

About the Author


There simply is no faster legal way on earth to make a solid fortune, than quickly learning How to Trade in Forex. Using no emotional trading, no discretion, interpretation, or judgement. 100% mechanical, anyone can learn really fast How to Trade in Forex.

forex trading company Information

Should You Invest In The Forex Market Or In Stocks?


Stocks, or shares as they are more commonly called in the United Kingdom, have been the backbone of many investments for hundreds of years and often form the underlying investment in many traditional forms of savings plan, such as life insurance policies set up not only to provide life cover but also to produce a return on maturity.

Companies typically issue stock when they wish to raise capital and purchase of this stock represents a partial ownership in the company. In return many companies will often issue a share of their profits to stockholders in the form of an annual, or sometimes biannual, dividend payment. In addition, if the company does well the value of its stock will increase and stockholders may then profit from the sale of their stock.

Stocks are traded on a number of stock exchanges through brokers including the London Stock Exchange (LSE), the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ). There are also a number of other major stock exchanges around the world. In most cases stocks will be listed with one particular exchange, but larger international companies may well list their stock on several different exchanges.

Traditionally stocks have been seen as long-term investments and purchasers have normally been looking at buying stock to hold for periods of five years or more. Many stocks, often referred to as "blue chip" stocks, are issued by companies with long and proven track records and traditionally form the core of many investment portfolios.

Short-term trading in stocks is a relatively new phenomenon and has been made possible to a large extent with the arrival of Internet trading. Here day traders try to take advantage of often large daily movements in the market by buying and selling many times in a single trading period. This is however a fairly risky business and any profits made can quickly be reduced by broker commissions which are charged on every transaction.

The Forex, or foreign exchange, market is quite different from the stock exchange. The Forex market is principally a short-term market with most traders entering and exiting deals within a single day and, sometimes, within as little as a few minutes. Forex trades are also "commission free" which means that a large number of trades can be made without running up a large brokerage bill. In the Forex market brokers earn their money by setting a spread in the price for buying and selling, known as the asking and selling prices.

The Forex handles transactions worth $1.9 trillion every day is the largest financial market in the world. To really appreciate the size of this market you have only to compare it to all of the American stock exchanges which, combined, handle daily transactions worth about $100 billion. The huge volume Forex trading also means that it is one of the most liquid markets in the world and that there is almost always a buyer and seller for any currency as the world economy is based very largely on the movement of goods from one country to another. The stock market by contrast is far less liquid and many stockholders choose to hold their investments for considerable periods of time.

Unlike the stock markets, The Forex market has no central location and trading markets are located throughout the world. Also, because of differences in time as we move across time-zones, trades can be made 24 hours a day, 5 days a week. Trading begins in Sydney, Australia on Monday morning (Sunday afternoon New York time) and continues non-stop until Friday afternoon New York time.

Stock exchanges offer far more limited trading hours and, while it is theoretically possible to trade on stock markets in Japan while the American markets are closed, many stocks are only listed on specific exchanges and cannot be traded elsewhere. Most stock exchanges are open from Monday through Friday, typically for a period of seven hours each day.

The Forex market tends to be more predictable than stock markets and often follows fairly well established trends. It also allows traders to take advantage of leverage which is typically as high as 100 to 1 (against 2 to 1 found on most stock markets) which means that investors can participate in Forex trading with a minimal investment. Indeed many brokerages today offer mini Forex account which can be opened with as little as $250.

For more information about mini forex online trading accounts or to learn forex trading online please visit ForexOnlineTradingSystem.info



Forex Trading: Good Opportunity Or Scam?


Until recently, the forex market or foregn currency exchange market wasn't for the average trader or individual speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the forex market vs. other markets, including the fantastic liquidity and strong trending nature of the world's primary currency exchange rates.

Fortunately, thanks to new legislation written in the late 1990?s, forex brokerages have opened up to the general public and offer trading opportunities for anyone who has an interest in trading currencies for profit. In fact, many brokers allow traders to open and trade currency with as little as $250 dollars in an account.

Regrettably, all of these new currency trading opportunities have created a lot of hype around the forex. Some of this hype includes magic trading formulas, ?easy? indicators and expert trend predictors. There are now countless currency brokerages enticing potential traders to open accounts and start trading today. Many people have started to get the feeling that trading currency is more of a scam then anything else. We strongly disagree with this notion and are certain that the forex market has much to offer investors. However, before your take you paycheck and head down to the nearest brokerage to open your forex account, may we make some important suggestions before you enter the currency market?

First, there are thousands of websites with information, terminology, trading strategies and more. We recommend researching several of them as you begin to explore the basics of what the forex is. Brokers often will offer information about the forex, but realize that they are also trying to get you to open an account. Aside from brokerage sites, there are several informational sites and a few forex education companies on the market that offer good information without the pressure of signing up for a ?live? trading account.

Second, read some books. Most of the professional forex traders operate using a combination of Japanese candlestick charts and other complex indicators to determine the direction of a particular currency pair. Find books about technical analysis trading, candlestick charts and other methodological indicators. Remember that when you are buying currency it is like buying a stock in a nation or country. Learn about different countries economic announcements, interest reports, and job indicators. These are highly relevant factors that help indicate a currencies direction.

At this point, it may be time for you to open a demo account with the broker of your choice. This will help you get familiar with trading platforms and basic charts. Practice making some ?demo trades?. Even after doing some basic homework you will find that you fell like you areflying by the seat of your pants? during your trades. At this humbling point in your new forex trading career you realize its time to take a forex training course.

There are many forex training courses on the market today. They come in many forms including seminars, home study courses, interactive online courses, and class room education. Fxcenter.com, one such forex training course has found that the best education courses use all of these methods in their training regime. They feel that a program should include a minimum of 20 hours of home study to teach the basic principles of forex trading. Next a student would need to observe the market in action, without necessarily making trades. To do this, an interactive online class is necessary to help you tie in all the information and begin to apply it to live market conditions. Onsite classes then further reiterate the fundamentals of trading forex and help the student discover a trading strategy that fits his or her personality, financial status and risk tolerance. Finally, working with a highly skilled forex mentor, again during live market sessions, is critical to help the student understand the psychological part of trading. These mentors would also help students create an advanced trading system and analyze the market minute by minute.

Most successful traders have spent years developing good trading habits and learning the hard way how to take advantage of currency volatility. We strongly recommend you follow these steps as you begin to investigate investment opportunities in the forex market.


About the Author:

For more information on forex training and how you can get ahead into todays market please visit our site. Get some forex education and take your skills to the next level!





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FOREX beginners reading: Make money in foreign currency excahnge


I bet you are well aware of the existent of FOREX trading nowadays. FOREX market exists wherever one currency is traded for another. FOREX, or Foreign Exchange Market, is generally works as an international currency exchange market. Investors and speculators are allowed to trade currencies from all around the world thru FOREX trading. Major currencies traded nowadays are United States dollars, Australian Dollars, Japanese Yens, British Pounds, Swiss Francs, Canadian Dollars, and the Euro Dollars.

FOREX is a very unique type of trading where traders are buying and selling ?money? in the same time. The trades are done in pairs, such as Euro/JPY, USD/CHF, and CAD/USD. It is the world largest trading market where an average of $1.9 trillion trades is done on a daily basis. The turnover rates in FOREX are nearly 30 times larger than the total volume of equity trades in United States.

Despite its large volume of trades done daily, FOREX is relative new to the publics nonetheless. It is only made available to publics in year 1998 where big sized inter-bank units are sliced into smaller pieces and offered to individual traders like you and me. Before that, FOREX is a game only for banks, multi national cooperation, and big currency dealers. Only those with large business size and strong financial background were permitted to trade foreign currencies.

As a matter of fact, large international banks are still the major traders in currency exchange market. Deutsche Bank is one of the top currency traders; along with other major banks like UBS, Citi Group, HSBC, Barclays, J. P. Morgan Chase, Coldman Sachs, ABN Amro, Morgan Stanley, and Merril Lynch; these banks are said to be responsible for more than 70% trades in currency market.

If you are new to FOREX trading, I bet the FOREX quotes will confuse you. USD/JPY 119.8, EUR/JPY 127.95, EUR/USD 1.2385/1.2390, and GBP/USD 1.7360/65 ? these figures are just too complicated.

While FOREX quotes might looks like Greeks to the new comers, the concept behind of it is simple. Currency quoted in pairs simply means the relative value compare to the other. Always remember, currency listed at first in a FOREX quote has a constant value of 1. If you see USD/JPY 119.8, this means 1 USD (the first currency listed has a constant value of 1) is equal to 119.8 Japanese Yens. The currency USD in our example is known as base currency; while we normally call the currency listed in the second as the counter.

When you are trading FOREX with currency dealer, the FOREX quotes might look a bit different from our previous example. Often, a two-sided quote, consisting of ?bid? and ?ask? price, is listed when dealing with currency brokers. For example, EUR/USD 1.2385/1.2390: 1.2385 is known as the ?bid? price while 1.2390 is commonly known as the ?ask? or ?buy? price. The 'bid' is the price at which you can sell the base currency; while the 'ask' is the price at which you can buy the base currency. As you study the numbers, you might realize that the two-sided currency price is quoted against you. Traders are forced to buy the currency in a higher price than the selling one. This is done because FOREX trades are done without any commission chargers. Thru quoting currency ?bid & ask? price differently in this way, the currency brokers are manage to make profit without charging their client commission fees directly.

Strategies in FOREX trading: Fundamental analysis and Technical analysis

Fundamental analysis refers to the study of the core underlying elements that influence the economy of a particular entity. As in FOREX trading, government policies, bank policies, natural disasters, and speculators mood are some of the fundamentals considered to predict the currency market trends. Fundamental FOREX traders will review a country economy?s situation base on these fundamental elements and respond accordingly. To gain max, fundamentalists often apply precise method to convert study?s results into accurate entry/exit price indicator.

Instead of reviewing on the fundamental issues, traders from technical side define market movement according to data purely generated from the market. The term ?Technical? is applied in all trading fields, from commodity stocks exchange to option trading, from FOREX to futures.

Generally, the purpose of technical analysis is to find potential price reversal or pivotal points. These points basically refer the change of market trends, which then indicates when to enter or exit from the market. It is important to know that as with any other techniques in your trading system, these technical analysis indicators could be used alone or with other indicators. Traders are always recommended to learn more different technical methods to analyze different market data because none of these techniques are 100% accurate and 100% foolproof. Taking example of the ?price? data and the ?time? data, which are widely used by FOREX trader. There are some techniques consider solely on the ?price? factor, while some solely rely on the ?time? factor. The fact is if you know both technical methods, you can take both price and time into consideration during estimating market future trends. This will of course then reduce the risks of losing money in FOREX market. Also, it would be wise if traders combine both technical and fundamental techniques when trading FOREX, as a country currency value depends a lot on fundamental variables such as war, change of national leaders, terrorism attacks, as well as natural disasters.

Without a doubt, FOREX is gaining its popularity fast against other kind of trading. No limited market access, no liquidity issues-after market hours, zero commission fees, low capital requirements with high leverage rates, and no restrictions on short selling -- FOREX can be very beneficial to a variety of people. Like any other trading business, if you are new to it, best advice you can get is to learn and practice more before you test your ?wings?. Forex trading course, seminars, eBooks, Internet, papers, ? all these are helpful to raise your confidence level before you trade with your real hard-earn dollars. Plan your investment wisely by investing first on yourself; you shall get your reward at the end of the road.







Martin Leif Wear, experience Internet writer in Forex> www.pipforex.biz '>Forex trading. Learn> www.pipforex.biz '>Learn more on Forex at his new website: .> www.pipforex.biz .