Saturday, September 25, 2010
Best Forex Brokers In Usa - How to Find the Best Forex Broker
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Forex Data Feed Api - Program Your Strategies
The Forex has always been my favorite place to trade. In any climate, currency trading always provides opportunities to take advantage of both rising and falling prices. But it's a fast market, and being active 24 hours a day doesn't help to take the tension out of investing. That's why I'm glad I've stumbled on a new way to trade - by using automated execution programs. Forex Data Feed Api
Algorithm programs are fast becoming the only way to keep up into today's market. Some estimates put auto-trading systems behind 70% of all trades on the Foreign Exchange by the year 2010. Currently, as much as 30% of all trades are handled by these so called "robot advisors".
These API's (application programming interface) are nothing more than programs capable of sifting through data at lightening fast speeds and cataloguing the appropriate signals for you. But it doesn't stop there - more and more auto-trading platforms are now capable of executing all your buying and selling for you. Best of all, you can still sign in and take control of whatever, whenever you want.
I'm a member of FXDD, and they have an auto-trading platform that's free for their members: FXDD Auto. AbleTrend is another great program I'm thinking about trying that provides a plethora of historical data for backtesting. They have a fully-automated platform that still allows me to configure things how I need to, while handling the day-to-day grunt work by itself. I can follow breakout signals, fib indicators, or whatever customized set of rules I want to have in place. If I'm not sure, I have lots of data and calculative analysis right at my fingertips. Forex Data Feed Api
There are actually a lot of auto-trading programs out there, and most of them work just fine. The most important thing to keep in mind is the men behind the muscle; make sure that if you shell out dough for a complete package, the maintenance and support teams will be available for any questions or issues you have. It's also a good idea to surf through the multitude of forums available on any popular trading site, as experienced investors often talk about their strategies and top programs for free.
It's just not possible anymore to keep up with all the opportunities an unstable market offers; but there is help on the horizon. Nowadays, if you're not using automated trading, you're a guppy in a sea of sharks. Try not to get bit!
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
Algorithm programs are fast becoming the only way to keep up into today's market. Some estimates put auto-trading systems behind 70% of all trades on the Foreign Exchange by the year 2010. Currently, as much as 30% of all trades are handled by these so called "robot advisors".
These API's (application programming interface) are nothing more than programs capable of sifting through data at lightening fast speeds and cataloguing the appropriate signals for you. But it doesn't stop there - more and more auto-trading platforms are now capable of executing all your buying and selling for you. Best of all, you can still sign in and take control of whatever, whenever you want.
I'm a member of FXDD, and they have an auto-trading platform that's free for their members: FXDD Auto. AbleTrend is another great program I'm thinking about trying that provides a plethora of historical data for backtesting. They have a fully-automated platform that still allows me to configure things how I need to, while handling the day-to-day grunt work by itself. I can follow breakout signals, fib indicators, or whatever customized set of rules I want to have in place. If I'm not sure, I have lots of data and calculative analysis right at my fingertips. Forex Data Feed Api
There are actually a lot of auto-trading programs out there, and most of them work just fine. The most important thing to keep in mind is the men behind the muscle; make sure that if you shell out dough for a complete package, the maintenance and support teams will be available for any questions or issues you have. It's also a good idea to surf through the multitude of forums available on any popular trading site, as experienced investors often talk about their strategies and top programs for free.
It's just not possible anymore to keep up with all the opportunities an unstable market offers; but there is help on the horizon. Nowadays, if you're not using automated trading, you're a guppy in a sea of sharks. Try not to get bit!
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
Barclays Fx Trading Platform - Yen to Replace US Dollar As Weakest Currency in 2010
Only days after the US dollar was officially declared, 'overvalued' by the IMF at the G-20 meetings in Scotland, the credit default markets are saying there may be an even more overvalued currency, the Japanese Yen. Barclays Fx Trading Platform
'The yen is poised for its worst tumble since 2005," writes Bloomberg News, "as doubts about Japan's fiscal footing double the cost of insuring its debt." The price of hedging against losses on $10 million of the country's bonds with credit-default swaps has doubled since August, from $37,000 a year to $76,160 a year in November.
The rise in Japan's debt protection costs is in direct contrast with that of U.S credit default swaps, where prices have fallen to the lowest level in a year despite record debt issuance. The spread between US and Japanese credit default prices reached the widest in November after Japan's debt grew to almost twice the size of the economy.
The rapid increase in credit-default swap premiums suggest the market may be expecting a credit downgrade from the rating agencies. Standard & Poors, Moodys and Fitch have been mostly silent on the subject. This is not surprising, as the corpse is often cold before the rating agencies' respond. However, there is no shortage of currency analysts willing to share their opinions on the yen's bleak future with Bloomberg News:
Yen bears speak out
"We can't rule out the possibility of capital flight away from Japan due to its deteriorating fiscal position," said Yuji Saito to Bloomberg News. Saito is head of the foreign-exchange group in Tokyo at Societe Generale SA.
"The Japanese fiscal situation is horrific," said Richard Benson to Bloomberg News, Benson helps oversee $11 billion of currency funds at Millennium Global Asset Management in London.
The yen's value "is not consistent with the underlying fundamentals, and that's a huge opportunity," said Michael Hasenstab to Bloomberg News, Hansenstab, who oversees $45 billion in fixed-income assets for Franklin Templeton Investments, also remarked, "The yen is very vulnerable."
Yen's spectacular two year performance
Unlike the free-falling US dollar, the yen has been a high-flying currency in recent years. The yen has gained 24 percent over the last two years. This makes it the best performing out of 171 currencies tracked by Bloomberg. Barclays Fx Trading Platform
Growing consensus on yen's demise
But now, according to many experts, the hot streak is over. In a recent Bloomberg survey, 34 out of 38 strategist saw the yen falling by June of 2010. Landesbank Baden-Wuerttemberg, the most accurate of the 46 Bloomberg-surveyed forecasters, predicts a 9.9 percent decline to 100 from 90.09 at the end of October. Goldman Sachs Group forecasts 105 in 12 months, a 14.8 percent slide from the Nov. 13 close.
Even more compelling, the red-hot currency strategists at Barclay's Capital, put out a note to carry-trading clients recommending they move from a diversified funding currency position (USD, EUR, JYP, CHF); to a totally short JYP position.
This aggressive forecast is based on Barclay's belief that the JYP could be the worst performing currency over the next 12-month period. In addition to the new Japanese government's planned record spending and borrowing even with tax revenue falling, Barclay's expects the yen to weaken against the dollar due to japan's deflationary scenario requiring rates to be kept low for an extended period of time.
Impact on Carry-Trade Strategy
It was acknowledged by the IMF and is widely known to carry traders that the USD has become the favored funding currency for the carry trade. While both the USD and JYP feature near zero level interest rates, the dollar has been decline in recent years while the yen has been appreciating. This is a compelling scenario for a value trader-buying back a weak dollar short and selling into a rising yen.
Conversely, it is a nightmare for a trend trader-abandoning a seven-year weak USD trend to sell into an anticipated new, down trend in the JYP. To resolve this dilemma, we turned to our trusty neural-network trading systems. Meta Trader 4 Systems for MT4 users, and Forecasttrader.com for non MT4 traders
'The yen is poised for its worst tumble since 2005," writes Bloomberg News, "as doubts about Japan's fiscal footing double the cost of insuring its debt." The price of hedging against losses on $10 million of the country's bonds with credit-default swaps has doubled since August, from $37,000 a year to $76,160 a year in November.
The rise in Japan's debt protection costs is in direct contrast with that of U.S credit default swaps, where prices have fallen to the lowest level in a year despite record debt issuance. The spread between US and Japanese credit default prices reached the widest in November after Japan's debt grew to almost twice the size of the economy.
The rapid increase in credit-default swap premiums suggest the market may be expecting a credit downgrade from the rating agencies. Standard & Poors, Moodys and Fitch have been mostly silent on the subject. This is not surprising, as the corpse is often cold before the rating agencies' respond. However, there is no shortage of currency analysts willing to share their opinions on the yen's bleak future with Bloomberg News:
Yen bears speak out
"We can't rule out the possibility of capital flight away from Japan due to its deteriorating fiscal position," said Yuji Saito to Bloomberg News. Saito is head of the foreign-exchange group in Tokyo at Societe Generale SA.
"The Japanese fiscal situation is horrific," said Richard Benson to Bloomberg News, Benson helps oversee $11 billion of currency funds at Millennium Global Asset Management in London.
The yen's value "is not consistent with the underlying fundamentals, and that's a huge opportunity," said Michael Hasenstab to Bloomberg News, Hansenstab, who oversees $45 billion in fixed-income assets for Franklin Templeton Investments, also remarked, "The yen is very vulnerable."
Yen's spectacular two year performance
Unlike the free-falling US dollar, the yen has been a high-flying currency in recent years. The yen has gained 24 percent over the last two years. This makes it the best performing out of 171 currencies tracked by Bloomberg. Barclays Fx Trading Platform
Growing consensus on yen's demise
But now, according to many experts, the hot streak is over. In a recent Bloomberg survey, 34 out of 38 strategist saw the yen falling by June of 2010. Landesbank Baden-Wuerttemberg, the most accurate of the 46 Bloomberg-surveyed forecasters, predicts a 9.9 percent decline to 100 from 90.09 at the end of October. Goldman Sachs Group forecasts 105 in 12 months, a 14.8 percent slide from the Nov. 13 close.
Even more compelling, the red-hot currency strategists at Barclay's Capital, put out a note to carry-trading clients recommending they move from a diversified funding currency position (USD, EUR, JYP, CHF); to a totally short JYP position.
This aggressive forecast is based on Barclay's belief that the JYP could be the worst performing currency over the next 12-month period. In addition to the new Japanese government's planned record spending and borrowing even with tax revenue falling, Barclay's expects the yen to weaken against the dollar due to japan's deflationary scenario requiring rates to be kept low for an extended period of time.
Impact on Carry-Trade Strategy
It was acknowledged by the IMF and is widely known to carry traders that the USD has become the favored funding currency for the carry trade. While both the USD and JYP feature near zero level interest rates, the dollar has been decline in recent years while the yen has been appreciating. This is a compelling scenario for a value trader-buying back a weak dollar short and selling into a rising yen.
Conversely, it is a nightmare for a trend trader-abandoning a seven-year weak USD trend to sell into an anticipated new, down trend in the JYP. To resolve this dilemma, we turned to our trusty neural-network trading systems. Meta Trader 4 Systems for MT4 users, and Forecasttrader.com for non MT4 traders
Thursday, September 23, 2010
Day Trading For A Living 2010 - The Power of Becoming an Independent Trader
Financial independence
It is statistically shown that in our society most of us are gutless, feared and socially conditioned. We tend to desire to become society compatible by mixing with laid back people and getting a 9 to 5 fixed income 'secure' job just because we feel that we need to maintain our social conditioning.
I have lived through this myself only to find out that the so called 'secure' fixed income jobs are far from secure and hide many nasty surprises. In fact, if I may refer to Murphy's Law theory (If something can go wrong, it will, and it will go wrong at the worst possible time), it applies perfectly to seemingly secure 9 - 5 jobs and I have experienced it.
With the exception of very few, highly specialized and in high demand fixed income jobs anything else is considered to be a waste of our time and true mind power. The best road to true motivational work and financial prosperity is through taking daring and 'risky' initiatives to run and establish your own business and financial trading is one of them. Day Trading For A Living 2010
Motivation and achievement
Trading is exciting! When you trade you look forward to Monday and you can feel bored over the weekend, unlike most jobs, trading is one of those business where you are self employed, and in control of your actions. I personally like trading because it has allowed me to live in different countries and places like very few freelance jobs can.
From an achievement point of view financial trading is just like any other trade business, for example, I have seen people in the import-export, import-distribution and real estate business industry. They have the same personality traits successful stock traders have. More specifically they have the same eye for detail, strict money management ideas and the mindset of the deep, knowledgeable opportunity seeker, adhering to the concept of 'A pessimist sees the problem in every opportunity; an optimist sees the opportunity in every problem'.
Trading is no exception, actually in my own view, trading is much like a real estate investment business which only has much more flexibility, lower start up costs and higher frequency of transactions. The risks and rewards are very similar, as long as someone is willing to work hard, trading can be enormously profitable and I mean life changing.
Financial markets affect everyone
Contrary to the minds of the laid back, socially conditioned people mentioned earlier, stock markets affect the life of everyone of us, whether it's currency exchange rates, bonds or stocks they have a direct or less direct but still profound influence on living costs, jobs growth, and the overall way global capital works. Sure the ignorant laid back people don't care about where the Dow Jones stands today or how EURO -USD is doing but they are unknowingly or unwillingly accepting the final losing part of a subtle trade through buying gas at the pump or paying their hard earned money into a pension fund whose destiny and performance directly depends on some key stocks. Traders live in the real world and understand how it works!
It is statistically shown that in our society most of us are gutless, feared and socially conditioned. We tend to desire to become society compatible by mixing with laid back people and getting a 9 to 5 fixed income 'secure' job just because we feel that we need to maintain our social conditioning.
I have lived through this myself only to find out that the so called 'secure' fixed income jobs are far from secure and hide many nasty surprises. In fact, if I may refer to Murphy's Law theory (If something can go wrong, it will, and it will go wrong at the worst possible time), it applies perfectly to seemingly secure 9 - 5 jobs and I have experienced it.
With the exception of very few, highly specialized and in high demand fixed income jobs anything else is considered to be a waste of our time and true mind power. The best road to true motivational work and financial prosperity is through taking daring and 'risky' initiatives to run and establish your own business and financial trading is one of them. Day Trading For A Living 2010
Motivation and achievement
Trading is exciting! When you trade you look forward to Monday and you can feel bored over the weekend, unlike most jobs, trading is one of those business where you are self employed, and in control of your actions. I personally like trading because it has allowed me to live in different countries and places like very few freelance jobs can.
From an achievement point of view financial trading is just like any other trade business, for example, I have seen people in the import-export, import-distribution and real estate business industry. They have the same personality traits successful stock traders have. More specifically they have the same eye for detail, strict money management ideas and the mindset of the deep, knowledgeable opportunity seeker, adhering to the concept of 'A pessimist sees the problem in every opportunity; an optimist sees the opportunity in every problem'.
Trading is no exception, actually in my own view, trading is much like a real estate investment business which only has much more flexibility, lower start up costs and higher frequency of transactions. The risks and rewards are very similar, as long as someone is willing to work hard, trading can be enormously profitable and I mean life changing.
Financial markets affect everyone
Contrary to the minds of the laid back, socially conditioned people mentioned earlier, stock markets affect the life of everyone of us, whether it's currency exchange rates, bonds or stocks they have a direct or less direct but still profound influence on living costs, jobs growth, and the overall way global capital works. Sure the ignorant laid back people don't care about where the Dow Jones stands today or how EURO -USD is doing but they are unknowingly or unwillingly accepting the final losing part of a subtle trade through buying gas at the pump or paying their hard earned money into a pension fund whose destiny and performance directly depends on some key stocks. Traders live in the real world and understand how it works!
Foreign Currency Market News - You Must Utilize Live Forex Market News To Succeed In Forex Trading
The forex market or foreign exchange - is the process of buying and selling a currency at the same time, and at the current exchange rate. Some people do this for profit and it can be risky. It is important to understand how this works before anyone should begin trading, with the help of live forex market news.
A more real life example of this would be someone who is in a country where the currency is different from that of his own. The traveler would have to trade or exchange his own money to obtain the money of that location, as it will be necessary to use the local currency. The traveler is in actuality purchasing the local money and selling that of his own.
The cost and sold amount are called the exchange rates. This is different at times according to several factors like, the economic status of the country and how the popularity level of your money is in that country. If the value of your currency is low due to the economy or other reasons, it will not be worth as much in other countries. This is an example of an exchange, based on needs though and not profit.
When it comes to profit, there lies a bigger picture to the topic. We are talking here of a market that is used by the entire world. Banks are major players, as well as sole investors and huge corporations. Foreign Currency Market News
Through the help of live forex news, they buy foreign currency at one price with hopes of selling it and making a profit. If done right, they can be successful; but if done wrong, they can lose big time and that is what makes this such a risky business.
The players are what make forex the biggest financial market in the world. On a daily basis, it can exceed a whopping one point nine trillion dollars in volume. That is the reason why so many seek to become part of it.
Finding brokers is definitely a good solution to help the inexperienced ones reduce or avoid loss. This is a way of dealing with the market on a smaller level. Since brokers will receive a portion of the profits, you can be sure that they will be wise when making decisions.
The live forex market is unique in such a way that it is constantly operational. There is always something going on within the network of banks and other investors. The physical money is never expected to be present though, as it is mostly utilized for data reasons. Live forex market news can surely contribute a lot to helping you make lots of money
A more real life example of this would be someone who is in a country where the currency is different from that of his own. The traveler would have to trade or exchange his own money to obtain the money of that location, as it will be necessary to use the local currency. The traveler is in actuality purchasing the local money and selling that of his own.
The cost and sold amount are called the exchange rates. This is different at times according to several factors like, the economic status of the country and how the popularity level of your money is in that country. If the value of your currency is low due to the economy or other reasons, it will not be worth as much in other countries. This is an example of an exchange, based on needs though and not profit.
When it comes to profit, there lies a bigger picture to the topic. We are talking here of a market that is used by the entire world. Banks are major players, as well as sole investors and huge corporations. Foreign Currency Market News
Through the help of live forex news, they buy foreign currency at one price with hopes of selling it and making a profit. If done right, they can be successful; but if done wrong, they can lose big time and that is what makes this such a risky business.
The players are what make forex the biggest financial market in the world. On a daily basis, it can exceed a whopping one point nine trillion dollars in volume. That is the reason why so many seek to become part of it.
Finding brokers is definitely a good solution to help the inexperienced ones reduce or avoid loss. This is a way of dealing with the market on a smaller level. Since brokers will receive a portion of the profits, you can be sure that they will be wise when making decisions.
The live forex market is unique in such a way that it is constantly operational. There is always something going on within the network of banks and other investors. The physical money is never expected to be present though, as it is mostly utilized for data reasons. Live forex market news can surely contribute a lot to helping you make lots of money
Forex Trader Success Stories - My FAP Turbo Live Trading Success Story Since Early 2010
I remember when the FAP Turbo was launched back in November 2008, I was thinking its selling price was just fair because it was at almost the same rate as the other forex trading robots in the market then. Its launch was quite different from the previous forex trading software I have seen and so I was quite surprised to find out that it does not cost more than any other forex trading robots. The first thing that struck me about it was its difference of quoting results from live account testing, in fact they even provided a link to check on these live trading accounts every fifteen minutes.
This was a rather bold and confident move from its creators, as we all know that any result from live trading cannot be tampered with or adjusted should it fail to deliver what it promised to achieve. To my surprise, after several months of launch, the FAP Turbo has proven that it was launched differently for the simple reason of being a better forex trading robot that any trader can use. I felt like going back to the launch date so I could have availed of the discounted launch price which was pegged at fifty percent off the original cost. I felt sorry that I waited post launch and had to pay extra fifty percent for something that I could have taken advantage of during launch. But then, I am more assured because I was able to satisfy my skeptic self and made sure first that what I am buying would give me real worth for my money, after all seeing the results first with my own eyes, fully convinced me that buying this forex trading robot will never be a waste of money. Forex Trader Success Stories
Months after the launch, there was word that the FAP Turbo was being sold at a discounted cost, there were a few websites offering discounted rates of the FAP Turbo and traders like myself were baffled if the discounted FAP Turbo was for real, not that I would trade the robot that I bought at a full price with a discounted one. Anyway, after its launch last November 2008, there was close to 50,000 sales that have taken place according to FAP Turbo. Thousands of these sales were closed on the software's first month. This just says one thing sure about the FAP Turbo, that despite ever changing market conditions and trends, more and more traders continue to make profits with the FAP Turbo. I am just relieved that I was among the first ones to have tried the FAP Turbo. I was among the first ones who tested it with demo accounts on the first month after launch and has been using it with real trading since early 2009.
This was a rather bold and confident move from its creators, as we all know that any result from live trading cannot be tampered with or adjusted should it fail to deliver what it promised to achieve. To my surprise, after several months of launch, the FAP Turbo has proven that it was launched differently for the simple reason of being a better forex trading robot that any trader can use. I felt like going back to the launch date so I could have availed of the discounted launch price which was pegged at fifty percent off the original cost. I felt sorry that I waited post launch and had to pay extra fifty percent for something that I could have taken advantage of during launch. But then, I am more assured because I was able to satisfy my skeptic self and made sure first that what I am buying would give me real worth for my money, after all seeing the results first with my own eyes, fully convinced me that buying this forex trading robot will never be a waste of money. Forex Trader Success Stories
Months after the launch, there was word that the FAP Turbo was being sold at a discounted cost, there were a few websites offering discounted rates of the FAP Turbo and traders like myself were baffled if the discounted FAP Turbo was for real, not that I would trade the robot that I bought at a full price with a discounted one. Anyway, after its launch last November 2008, there was close to 50,000 sales that have taken place according to FAP Turbo. Thousands of these sales were closed on the software's first month. This just says one thing sure about the FAP Turbo, that despite ever changing market conditions and trends, more and more traders continue to make profits with the FAP Turbo. I am just relieved that I was among the first ones to have tried the FAP Turbo. I was among the first ones who tested it with demo accounts on the first month after launch and has been using it with real trading since early 2009.
Star Forex Trading System - Forex Autopilot System Will Make You So Much Money So Easy You Will Forget You Are Working!
Forex Autopilot System specializes and gains its profit by dealing in foreign currency trading. Although currency trading may sound like a head-braking job, is everything but that. Why? The answer is so simple it is funny; your Forex Auto Trading System will be run by a Forex robot!
A "robot" is the computer program that you will need to install in your computer, this program will enable you to star making money in Forex Autopilot System. When the program is running in your computer it will tap into the currency trading system. Once in the system, the robot will be able to predict if a currency rate will go up or down. Afterwards, the program will make trading decisions that will make you money and then make the trade. Forex Autopilot System will make you so much money so easy you will forget you are working Star Forex Trading System
Many people have make money with this trading system and you can start making money too. All you need to do is buy your Forex robot and install it, and although there are various robot programs to choose from, each and every one has been tested and is guarantee to make money. Just in case you were interested about the names of the most recent Forex Autopilot System robots, they are Ivy pot, and Fab Turbo, and they can be purchased as low as fifty dollars, which is a good deal because once you start your Farox Autopilot System you will make more money than fifty dollars. All wile you are doing practically nothing.
A "robot" is the computer program that you will need to install in your computer, this program will enable you to star making money in Forex Autopilot System. When the program is running in your computer it will tap into the currency trading system. Once in the system, the robot will be able to predict if a currency rate will go up or down. Afterwards, the program will make trading decisions that will make you money and then make the trade. Forex Autopilot System will make you so much money so easy you will forget you are working Star Forex Trading System
Many people have make money with this trading system and you can start making money too. All you need to do is buy your Forex robot and install it, and although there are various robot programs to choose from, each and every one has been tested and is guarantee to make money. Just in case you were interested about the names of the most recent Forex Autopilot System robots, they are Ivy pot, and Fab Turbo, and they can be purchased as low as fifty dollars, which is a good deal because once you start your Farox Autopilot System you will make more money than fifty dollars. All wile you are doing practically nothing.
Forex Expert Advisor Competition - The Forex Robot World Cup Competition and the FRWC Royal Trader
Forex, or in other words spells Foreign Exchange, it refers to trading currencies for example the Australian dollar against the Japanese yen. This is different from trading a companies stocks.
Forex Robot, also known as an Expert Advisor or EA. They make trading automatic in other words There is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. Though because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year.
Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months. Forex Expert Advisor Competition
The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their EAs. 24 EAs were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC.
All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games. Currently the top robot "LMD-Multicurrency" is up more than $2000 from a $1000 deposit.
Forex Robot, also known as an Expert Advisor or EA. They make trading automatic in other words There is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. Though because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year.
Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months. Forex Expert Advisor Competition
The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their EAs. 24 EAs were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC.
All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games. Currently the top robot "LMD-Multicurrency" is up more than $2000 from a $1000 deposit.
Wednesday, September 22, 2010
Australian Forex Broker Mt4 - South African Rand & Australian Dollar
Australian Forex Broker Mt4
The South African rand was the world's second best performing currency in 2009. The rand rallied 28% versus the US dollar. In addition, the South African rand paid out 7% in interest income. In a leveraged forex account, that's 700% in leveraged interest income alone. Australian Forex Broker Mt4
King of Bling
South Africa is the King of Bling. It is among the world's leading exporters of gold, diamonds, platinum, palladium, silver, ferrachrome, maganese, and gemstones.
As bling prices go up, so does the South African rand. As platinum and gold prices appreciated in 2009,the rand and the Australian dollar (AUD) soared along with them. Like South Africa, Australia is a leading gold miner.
The outstanding performances by gold, the South African rand, and the Australian dollar were not a coincidence. South Africa holds the world's largest gold reserves, estimated at 40% of the world's total. Australia is currently the world's leading exporter of gold. As a result, the rand's and AUD price moves in tandem with gold prices. One study found the ten-year price correlation was in excess of 80%
Better than owning Gold
When bullish on gold, I prefer owning the South African rand and the Australian dollar versus owning gold for the following reasons:
Leveraged Interest Income: Leveraged interest income is a beautiful thing. You deposit $1,000 with your forex broker. With that deposit you purchase a standard $100,000 South African rand currency position. The South African rand pays 7% interest on the $100,000 currency position. If the rate remains unchanged for a full year, you can earn $7,000 in interest income on your $1,000 original investment. Australian Forex Broker Mt4
Leveraged Appreciation: This one can work for good or bad. In 2009, when the South African rand appreciated 28%, that was roughly a $28,000 profit on your leveraged position. Add that to your $7,000 in leveraged interest income, and you could have earned $35,000 on a $1,000 investment. Conversely, if gold prices and the South African rand would have fallen 28% in 2009, your leveraged position would have lost $28,000 less your $7,000 in interest income for a net loss of $21,000. Since you had deposited only $1,000 in your account, your account would have went into debit, except for your no-debit guarantee.
No-Debit Guarantee: Like leveraged interest income, the no debit guarantee is a beautiful thing. The no debit guarantee turns the two-edged sword of leverage into a superior speculative investment structure that resembles a limited-risk long call option position. You have unlimited upside from the rand's leveraged appreciation and interest income. But your downside loss is limited to the amount of your deposit in your forex account.
Choice of Funding Currency: When you buy stocks, gold, or other assets you pay with USD. When you buy a currency, you pay for it with the currency of your choosing. To buy the rand (ZAR), you can sell USD/ZAR or you can sell EUR/ZAR, or JYP/ZAR. You can greatly enhance your return by choosing the weakest currency. In 2009, the USD was the biggest dog. So far in 2010, its the EUR-this pig has fallen almost 10% in the last month alone. So even if the rand does not have a good year, you can earn great returns by purchasing it with a weaker currency.
Although the South African Rand pays higher interest and continues to outperform the Australian Dollar, if you are betting on higher gold prices, you should own both currencies. The diversification reduces your exposure to country specific risk (earthquakes, national strikes, etc). Australian Forex Broker Mt4
The South African rand was the world's second best performing currency in 2009. The rand rallied 28% versus the US dollar. In addition, the South African rand paid out 7% in interest income. In a leveraged forex account, that's 700% in leveraged interest income alone. Australian Forex Broker Mt4
King of Bling
South Africa is the King of Bling. It is among the world's leading exporters of gold, diamonds, platinum, palladium, silver, ferrachrome, maganese, and gemstones.
As bling prices go up, so does the South African rand. As platinum and gold prices appreciated in 2009,the rand and the Australian dollar (AUD) soared along with them. Like South Africa, Australia is a leading gold miner.
The outstanding performances by gold, the South African rand, and the Australian dollar were not a coincidence. South Africa holds the world's largest gold reserves, estimated at 40% of the world's total. Australia is currently the world's leading exporter of gold. As a result, the rand's and AUD price moves in tandem with gold prices. One study found the ten-year price correlation was in excess of 80%
Better than owning Gold
When bullish on gold, I prefer owning the South African rand and the Australian dollar versus owning gold for the following reasons:
Leveraged Interest Income: Leveraged interest income is a beautiful thing. You deposit $1,000 with your forex broker. With that deposit you purchase a standard $100,000 South African rand currency position. The South African rand pays 7% interest on the $100,000 currency position. If the rate remains unchanged for a full year, you can earn $7,000 in interest income on your $1,000 original investment. Australian Forex Broker Mt4
Leveraged Appreciation: This one can work for good or bad. In 2009, when the South African rand appreciated 28%, that was roughly a $28,000 profit on your leveraged position. Add that to your $7,000 in leveraged interest income, and you could have earned $35,000 on a $1,000 investment. Conversely, if gold prices and the South African rand would have fallen 28% in 2009, your leveraged position would have lost $28,000 less your $7,000 in interest income for a net loss of $21,000. Since you had deposited only $1,000 in your account, your account would have went into debit, except for your no-debit guarantee.
No-Debit Guarantee: Like leveraged interest income, the no debit guarantee is a beautiful thing. The no debit guarantee turns the two-edged sword of leverage into a superior speculative investment structure that resembles a limited-risk long call option position. You have unlimited upside from the rand's leveraged appreciation and interest income. But your downside loss is limited to the amount of your deposit in your forex account.
Choice of Funding Currency: When you buy stocks, gold, or other assets you pay with USD. When you buy a currency, you pay for it with the currency of your choosing. To buy the rand (ZAR), you can sell USD/ZAR or you can sell EUR/ZAR, or JYP/ZAR. You can greatly enhance your return by choosing the weakest currency. In 2009, the USD was the biggest dog. So far in 2010, its the EUR-this pig has fallen almost 10% in the last month alone. So even if the rand does not have a good year, you can earn great returns by purchasing it with a weaker currency.
Although the South African Rand pays higher interest and continues to outperform the Australian Dollar, if you are betting on higher gold prices, you should own both currencies. The diversification reduces your exposure to country specific risk (earthquakes, national strikes, etc). Australian Forex Broker Mt4
Forex Trader Success Stories - My FAP Turbo Live Trading Success Story Since Early 2010
Forex Trader Success Stories
I remember when the FAP Turbo was launched back in November 2008, I was thinking its selling price was just fair because it was at almost the same rate as the other forex trading robots in the market then. Its launch was quite different from the previous forex trading software I have seen and so I was quite surprised to find out that it does not cost more than any other forex trading robots. The first thing that struck me about it was its difference of quoting results from live account testing, in fact they even provided a link to check on these live trading accounts every fifteen minutes.
This was a rather bold and confident move from its creators, as we all know that any result from live trading cannot be tampered with or adjusted should it fail to deliver what it promised to achieve. To my surprise, after several months of launch, the FAP Turbo has proven that it was launched differently for the simple reason of being a better forex trading robot that any trader can use. I felt like going back to the launch date so I could have availed of the discounted launch price which was pegged at fifty percent off the original cost. I felt sorry that I waited post launch and had to pay extra fifty percent for something that I could have taken advantage of during launch. But then, I am more assured because I was able to satisfy my skeptic self and made sure first that what I am buying would give me real worth for my money, after all seeing the results first with my own eyes, fully convinced me that buying this forex trading robot will never be a waste of money. Forex Trader Success Stories
Months after the launch, there was word that the FAP Turbo was being sold at a discounted cost, there were a few websites offering discounted rates of the FAP Turbo and traders like myself were baffled if the discounted FAP Turbo was for real, not that I would trade the robot that I bought at a full price with a discounted one. Anyway, after its launch last November 2008, there was close to 50,000 sales that have taken place according to FAP Turbo. Thousands of these sales were closed on the software's first month. This just says one thing sure about the FAP Turbo, that despite ever changing market conditions and trends, more and more traders continue to make profits with the FAP Turbo. I am just relieved that I was among the first ones to have tried the FAP Turbo. I was among the first ones who tested it with demo accounts on the first month after launch and has been using it with real trading since early 2009. Forex Trader Success Stories
I remember when the FAP Turbo was launched back in November 2008, I was thinking its selling price was just fair because it was at almost the same rate as the other forex trading robots in the market then. Its launch was quite different from the previous forex trading software I have seen and so I was quite surprised to find out that it does not cost more than any other forex trading robots. The first thing that struck me about it was its difference of quoting results from live account testing, in fact they even provided a link to check on these live trading accounts every fifteen minutes.
This was a rather bold and confident move from its creators, as we all know that any result from live trading cannot be tampered with or adjusted should it fail to deliver what it promised to achieve. To my surprise, after several months of launch, the FAP Turbo has proven that it was launched differently for the simple reason of being a better forex trading robot that any trader can use. I felt like going back to the launch date so I could have availed of the discounted launch price which was pegged at fifty percent off the original cost. I felt sorry that I waited post launch and had to pay extra fifty percent for something that I could have taken advantage of during launch. But then, I am more assured because I was able to satisfy my skeptic self and made sure first that what I am buying would give me real worth for my money, after all seeing the results first with my own eyes, fully convinced me that buying this forex trading robot will never be a waste of money. Forex Trader Success Stories
Months after the launch, there was word that the FAP Turbo was being sold at a discounted cost, there were a few websites offering discounted rates of the FAP Turbo and traders like myself were baffled if the discounted FAP Turbo was for real, not that I would trade the robot that I bought at a full price with a discounted one. Anyway, after its launch last November 2008, there was close to 50,000 sales that have taken place according to FAP Turbo. Thousands of these sales were closed on the software's first month. This just says one thing sure about the FAP Turbo, that despite ever changing market conditions and trends, more and more traders continue to make profits with the FAP Turbo. I am just relieved that I was among the first ones to have tried the FAP Turbo. I was among the first ones who tested it with demo accounts on the first month after launch and has been using it with real trading since early 2009. Forex Trader Success Stories
Star Forex Trading System - Forex Autopilot System Will Make You So Much Money So Easy You Will Forget You Are Working!
Star Forex Trading System
Forex Autopilot System specializes and gains its profit by dealing in foreign currency trading. Although currency trading may sound like a head-braking job, is everything but that. Why? The answer is so simple it is funny; your Forex Auto Trading System will be run by a Forex robot!
A "robot" is the computer program that you will need to install in your computer, this program will enable you to star making money in Forex Autopilot System. When the program is running in your computer it will tap into the currency trading system. Once in the system, the robot will be able to predict if a currency rate will go up or down. Afterwards, the program will make trading decisions that will make you money and then make the trade. Forex Autopilot System will make you so much money so easy you will forget you are working Star Forex Trading System
Many people have make money with this trading system and you can start making money too. All you need to do is buy your Forex robot and install it, and although there are various robot programs to choose from, each and every one has been tested and is guarantee to make money. Just in case you were interested about the names of the most recent Forex Autopilot System robots, they are Ivy pot, and Fab Turbo, and they can be purchased as low as fifty dollars, which is a good deal because once you start your Farox Autopilot System you will make more money than fifty dollars. All wile you are doing practically nothing. Star Forex Trading System
Forex Autopilot System specializes and gains its profit by dealing in foreign currency trading. Although currency trading may sound like a head-braking job, is everything but that. Why? The answer is so simple it is funny; your Forex Auto Trading System will be run by a Forex robot!
A "robot" is the computer program that you will need to install in your computer, this program will enable you to star making money in Forex Autopilot System. When the program is running in your computer it will tap into the currency trading system. Once in the system, the robot will be able to predict if a currency rate will go up or down. Afterwards, the program will make trading decisions that will make you money and then make the trade. Forex Autopilot System will make you so much money so easy you will forget you are working Star Forex Trading System
Many people have make money with this trading system and you can start making money too. All you need to do is buy your Forex robot and install it, and although there are various robot programs to choose from, each and every one has been tested and is guarantee to make money. Just in case you were interested about the names of the most recent Forex Autopilot System robots, they are Ivy pot, and Fab Turbo, and they can be purchased as low as fifty dollars, which is a good deal because once you start your Farox Autopilot System you will make more money than fifty dollars. All wile you are doing practically nothing. Star Forex Trading System
Forex Expert Advisor Competition - The Forex Robot World Cup Competition and the FRWC Royal Trader
Forex, or in other words spells Foreign Exchange, it refers to trading currencies for example the Australian dollar against the Japanese yen. This is different from trading a companies stocks.
Forex Robot, also known as an Expert Advisor or EA. They make trading automatic in other words There is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. Though because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year.
Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months. Forex Expert Advisor Competition
The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their EAs. 24 EAs were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC.
All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games. Currently the top robot "LMD-Multicurrency" is up more than $2000 from a $1000 deposit. Forex Expert Advisor Competition
Forex Robot, also known as an Expert Advisor or EA. They make trading automatic in other words There is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. Though because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year.
Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months. Forex Expert Advisor Competition
The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their EAs. 24 EAs were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC.
All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games. Currently the top robot "LMD-Multicurrency" is up more than $2000 from a $1000 deposit. Forex Expert Advisor Competition
Forex – a money making robot
Forex means foreign exchange. It is related to trading of the foreign exchange. With the help of forex robot, the earnings have reached to $8480 per day in the year 2010. With the help of forex trading robot, one can earn good amount of money in trading. It has been found that with use of forex trading software there are no losses found in last two consecutive years. The statistics that are available in the forex software help you to analyze the future in a correct manner and you can do easy trading with it. If you use any trading software, there are almost 99% of the people who fail and the remaining 1% does okay business. It is not like the rest of the people are doing good business. It is because the rest 1% are investing in the banks that are forex market.
The money in the forex market goes to the top 10 financial institutes of the world. These banks earn billions per hour every day. It is not a compulsion that one who performs trading in forex is going to get success in it, it's a complete myth. But it is possible to gain profit for consecutive years without any single loss. Our firm was on the Wall Street for almost three years and we and our clients have always been in profit without a single loss for consecutive three years in the trading of forex. At that point of time, software was not available. With the same logic we created the forex trading software which can completely help you to earn good amount of money for you're trading in forex. The software was developed by the nerds of MIT and Caltech. With the help of logic of market from us and their management types proper software was created for users.
The forex trading completely depends upon the market of different major stock exchanges as well as on the rates of the currency of the major nations, such as Dollar and Great Britain Pounds. When there is decrease in the value of the currency people purchases that currency and when it goes to peak point of the day traders sell them and earn a good amount of money. For this a good knowledge about the share market as well as of the foreign trading market is required which can help you to earn a good amount of money, else there are chances to lose them.
The money in the forex market goes to the top 10 financial institutes of the world. These banks earn billions per hour every day. It is not a compulsion that one who performs trading in forex is going to get success in it, it's a complete myth. But it is possible to gain profit for consecutive years without any single loss. Our firm was on the Wall Street for almost three years and we and our clients have always been in profit without a single loss for consecutive three years in the trading of forex. At that point of time, software was not available. With the same logic we created the forex trading software which can completely help you to earn good amount of money for you're trading in forex. The software was developed by the nerds of MIT and Caltech. With the help of logic of market from us and their management types proper software was created for users.
The forex trading completely depends upon the market of different major stock exchanges as well as on the rates of the currency of the major nations, such as Dollar and Great Britain Pounds. When there is decrease in the value of the currency people purchases that currency and when it goes to peak point of the day traders sell them and earn a good amount of money. For this a good knowledge about the share market as well as of the foreign trading market is required which can help you to earn a good amount of money, else there are chances to lose them.
Forex Expert Advisor Generator 2 - How Your Forex Signals Will Determine Your Profits
Forex Expert Advisor Generator 2
Forex trade signals have become quite popular these days. Instead of learning all of the technical systems that are available to trade foreign currency, you can get your trading signals from a qualified professional. This is a person who is supposed to be a neutral party, and who has only one goal; help you earn profits by trading a currency pair. Signals are only as good as the person(s) who generate them, of course, so you have to ensure that their research is technically sound. Forex Expert Advisor Generator 2
Forex trade signals will tell you the currency pairs, and certain facts about a currency pair, that will help you make a decision about when and how to buy. The goal of the trader (that is you) is to make a profit of course, so you will be interested in gaining the maximum number of pips that you can, at the end of the trade.
Here are a few of the specific items that will be given to you by a signals generator.
Trading Strategy:
Traders, use a trading strategy to help make wiser investment decisions and to diffuse the effects of a person's emotions at the point of making and closing trades. A trading strategy is governed by a set of rules that will not change. Emotional bias is therefore eliminated because the systems operate within the parameters which are set up and already known by the trader. Forex Expert Advisor Generator 2
Number of weeks:
This is the total number of weeks that a particular trading strategy has been in tracked by the signal generator. Similar strategies may be used by other people, but will probably be known by different names.
Maximum concurrent lots:
This is the maximum number of lots that can be opened at the same time on the trading platform. No matter how impressive your forex trade signals are, you will not be allowed to open more than these number of lots.
Minimum account amounts:
This is the minimum amount of money that you are allowed to have in your broker's account. This is called your trading capital and will be used to make your trades.
One method that you can use to execute your trades as well, is to incorporate all your forex trade signals, trade executions, stop losses, and profit taking points into one simple software. This software is known as Expert Advisors, or Forex trading robots and can help make profits from home automatically, while you do other important tasks. Forex Expert Advisor Generator 2
Forex trade signals have become quite popular these days. Instead of learning all of the technical systems that are available to trade foreign currency, you can get your trading signals from a qualified professional. This is a person who is supposed to be a neutral party, and who has only one goal; help you earn profits by trading a currency pair. Signals are only as good as the person(s) who generate them, of course, so you have to ensure that their research is technically sound. Forex Expert Advisor Generator 2
Forex trade signals will tell you the currency pairs, and certain facts about a currency pair, that will help you make a decision about when and how to buy. The goal of the trader (that is you) is to make a profit of course, so you will be interested in gaining the maximum number of pips that you can, at the end of the trade.
Here are a few of the specific items that will be given to you by a signals generator.
Trading Strategy:
Traders, use a trading strategy to help make wiser investment decisions and to diffuse the effects of a person's emotions at the point of making and closing trades. A trading strategy is governed by a set of rules that will not change. Emotional bias is therefore eliminated because the systems operate within the parameters which are set up and already known by the trader. Forex Expert Advisor Generator 2
Number of weeks:
This is the total number of weeks that a particular trading strategy has been in tracked by the signal generator. Similar strategies may be used by other people, but will probably be known by different names.
Maximum concurrent lots:
This is the maximum number of lots that can be opened at the same time on the trading platform. No matter how impressive your forex trade signals are, you will not be allowed to open more than these number of lots.
Minimum account amounts:
This is the minimum amount of money that you are allowed to have in your broker's account. This is called your trading capital and will be used to make your trades.
One method that you can use to execute your trades as well, is to incorporate all your forex trade signals, trade executions, stop losses, and profit taking points into one simple software. This software is known as Expert Advisors, or Forex trading robots and can help make profits from home automatically, while you do other important tasks. Forex Expert Advisor Generator 2
Forex Expert Advisor Forum - Forex Expert Advisors That Work
Forex Expert Advisor Forum
Does the Forex Godfather Expert Advisor really work, or is it just another scam software by marketers? I know you are probably very skeptical about the promise of high returns with a small capital outlay of this robot. With so many get rich quick scams on the Internet today, it can be very difficult to find the legitimate opportunities.
1. Does Forex Godfather Really Work to Make Money?
The problem with trading the Forex is that it is highly unpredictable, but the owner of FG Robot claims that his bot can analyze, make reliable deductions about the market and profit for its users automatically. On the other hand, it is possible to profit trading manually, but that would require a lot of skill in reading complex algorithms and charts, not to mention the capability to manage emotional greed and fear in the process of trading. Forex Expert Advisor Forum
2. How Does the Forex Godfather Program Make Money?
There is a 5 year back-test report available for viewing that shows how the software makes it profitable. From the results and charts shown, it can be seen that this robot has generated a smooth upwards equity curve over the years with low draw-downs. It also has an internally designed risk management system that makes calculated trades and ensures that their users' capital accounts are kept safe from risks. Over the years, FG has managed to keep trade winning rate at above 90+%.
3. The Development of the Forex Godfather Software
The developers of this robot have traded with more than $20 billion in total invested capital to develop their latest software system. His beta testers for this robot were all regular people, most of whom have had little to no experience in the field of Forex trading. Forex Expert Advisor
Does the Forex Godfather Expert Advisor really work, or is it just another scam software by marketers? I know you are probably very skeptical about the promise of high returns with a small capital outlay of this robot. With so many get rich quick scams on the Internet today, it can be very difficult to find the legitimate opportunities.
1. Does Forex Godfather Really Work to Make Money?
The problem with trading the Forex is that it is highly unpredictable, but the owner of FG Robot claims that his bot can analyze, make reliable deductions about the market and profit for its users automatically. On the other hand, it is possible to profit trading manually, but that would require a lot of skill in reading complex algorithms and charts, not to mention the capability to manage emotional greed and fear in the process of trading. Forex Expert Advisor Forum
2. How Does the Forex Godfather Program Make Money?
There is a 5 year back-test report available for viewing that shows how the software makes it profitable. From the results and charts shown, it can be seen that this robot has generated a smooth upwards equity curve over the years with low draw-downs. It also has an internally designed risk management system that makes calculated trades and ensures that their users' capital accounts are kept safe from risks. Over the years, FG has managed to keep trade winning rate at above 90+%.
3. The Development of the Forex Godfather Software
The developers of this robot have traded with more than $20 billion in total invested capital to develop their latest software system. His beta testers for this robot were all regular people, most of whom have had little to no experience in the field of Forex trading. Forex Expert Advisor
Best Forex Ea On The Market - 3 Tips to Get the Best Forex EA on the Market
Best Forex Ea On The Market
With so many forex programs on the market today promising to bring in automatic profits in the forex market, you may be left scratching your head asking which is the best or do any of these even work? This article will point out three tips for picking out the best forex EA on the market today.
First, a money back guarantee is the essential in this market. This enables you to test the forex ea on the real forex market first hand. What I'll typically do is get the program then run it in the confines of a practice account which can be got for free from virtually any forex broker online. I let the program run free then check back in on it to see how well or poorly it did with my virtual investment. Also important is that this is a sign of good faith on the end of the publisher and evidence that they are not pushing a scam program. Best Forex Ea On The Market
I also recommend going with a more conservative forex ea on the market. These programs keep higher standards which a trend must meet in the market before they will invest accordingly and the best of these programs boast the greatest winning rates accordingly. These are in contrast to the more aggressive forex programs which trade too much so so that they oftentimes lose more than they take in.
Finally, lean and look to review sites to learn a thing or two about the forex ea on which you wouldn't learn on the publisher's website. Do your homework and compare reviews as you'll often learn things about these programs that the publishers maybe don't want you to know. Best Forex Ea On The Market
With so many forex programs on the market today promising to bring in automatic profits in the forex market, you may be left scratching your head asking which is the best or do any of these even work? This article will point out three tips for picking out the best forex EA on the market today.
First, a money back guarantee is the essential in this market. This enables you to test the forex ea on the real forex market first hand. What I'll typically do is get the program then run it in the confines of a practice account which can be got for free from virtually any forex broker online. I let the program run free then check back in on it to see how well or poorly it did with my virtual investment. Also important is that this is a sign of good faith on the end of the publisher and evidence that they are not pushing a scam program. Best Forex Ea On The Market
I also recommend going with a more conservative forex ea on the market. These programs keep higher standards which a trend must meet in the market before they will invest accordingly and the best of these programs boast the greatest winning rates accordingly. These are in contrast to the more aggressive forex programs which trade too much so so that they oftentimes lose more than they take in.
Finally, lean and look to review sites to learn a thing or two about the forex ea on which you wouldn't learn on the publisher's website. Do your homework and compare reviews as you'll often learn things about these programs that the publishers maybe don't want you to know. Best Forex Ea On The Market
Fx Trading Jobs New York - Forex Currency Trader Rock Stars
Fx Trading Jobs New York
Forex currency traders are people who buy, sell and trade foreign currencies on behalf of large financial institutions like investment banks, commercial banks and central banks. You can even find currency trader jobs in multinational corporations that conduct foreign trade. They are also employed in investment firms like hedge funds or asset management funds. Currency trader jobs are for the most highly skilled professionals in the financial industry. Fx Trading Jobs New York
Forex Currency Traders are Rock Stars
Forex traders, are the rock stars of the financial world and currency trader jobs are accordingly one of the most coveted jobs in the industry. The profitability of large investment banks like Morgan Stanley, J.P. Morgan and Merrill Lynch often hinge on this relatively small group of individuals. For example, when Goldman Sachs first became profitable far beyond analysts expectations after the financial bailout of 2008, they attributed their profitability to their currency trading division.
A small group of individuals made literally billions of dollars for a single firm. These guys are the highest caliber employees of their firms and often treated as such. They are extremely intelligent, very quick thinkers, and can process large amounts of complex data to make positive trading decisions.
The Forex Market
The world of currency trading is by far the biggest in the world. An estimated $3.21 trillion are traded daily on the forex market. This makes this financial market not only the largest, but also the most liquid. This also means firms will place their best people in currency trader jobs. In addition, those who decide to be self-employed currency traders and trade from home have to also be of the highest caliber of traders.
Because the forex market is so large, it makes it virtually impossible for forex traders to manipulate the market like in other markets. For example, if a trader in the New York Stock Exchange wants to manipulate the price of a certain stock, which happens everyday, one strategy they might employ is to buy large amounts of that stock over a short period of time, pumping tons of cash into that stock and thereby creating an upward trend. This will cause other investors and traders to identify this trend and want to ride it's wave. The forex trader will discontinue pumping money in that stock, but the stock will continue to rise because now other traders are investing in it. Then, when it reaches a certain point in the price, the initial trader can just sell, sending that stock into a downward spiral but having sold it at a high price than they bought it.
A trading strategy like this to manipulate the price would not work in the forex market. In order for the price of a currency to shift, there has to be a major factor, and almost never can a single trader make a difference in that movement. That is why forex traders are the most intelligent and highly skilled people in them, because they cannot use guerrilla tactics like this to be successful. The only institutions that really do move the forex market is the central banks around the world. If the US Federal Reserve announce they will cut interest rates, that will certainly move the currency market. But beyond this, individual traders cannot manipulate the forex market. That is why those employed in currency trader jobs have the highest proficiency in really understanding how economic and market forces work.
Qualifications of a Forex Trader
Those employed in this field are the highest of caliber in the professional world. They are highly skilled, highly trained and highly motivated. They see the challenges as well as the great rewards of becoming a successful forex currency trader and they rise up to that challenge and opportunity.
Many large investment banks recruit their traders from Ivy League Universities or other highly selective schools like Duke University, Chicago University or Northwestern University. They prefer those with a background in business, finance, mathematics or any area that involves quantitative analysis and analytical thinking. Fx Trading Jobs New York
A Day in the Life
Currency trading will look differently based on where it happens. Some traders are speculators, i.e. they do it for profit, and others do it to hedge risk for their company or their investments.
Those who trade for profit will most likely found in investment banks and most hedge funds. They try to predict where foreign currency values will be and try to make a profit. They will do the old adage of buying low and selling high. The return on investment on currency trading can be so high that many investment banks will actually sell securities that offer less of a return to raise money for trading in the foreign currency market. For example, an investment bank will sell money market securities that offer people 1-3% return to raise capital to fund currency trading that can offer a 10-500% return.
Some traders will trade foreign currencies on behalf of their companies to hedge risk as well. Many multinational corporations who engage actively in foreign trade are highly vulnerable to currency fluctuations. In order to hedge against this risk variant, many corporations will employ currency traders to offset their risks as they engage in foreign trade. For example, if an American corporation has major business interests that sell their products or services in Australia, how much revenue and profit they make from the Australian market will depend largely in how the currency values against another, say the United States Dollar or USD. If the Australian Dollar or AUD, gets weaker compared to the USD, than this corporation loses it's revenue and profits even though they may be selling the same amount.
That same can occur on the cost side as well. If an American company is manufacturing it's goods in China, the exchange rate between the Yuan and the USD plays an important part of the business equation. If the Yuan stays cheap compared to the USD, it will be cheaper to manufacture goods there. if the value goes up, it will cost more to produce and manufacturers might look elsewhere for their manufacturing needs. Forex currency traders keep an eye on situations like this and will trade currencies and other derivative financial securities to hedge against this risk.
On a daily basis, currency trader will constantly monitor all the different variables and inputs that go into moving the forex market. That means they will know how to analyze different political and social events around the world, which means they stay closely abreast to world news. They also have to process a complex matrix of financial and economic data to inform their trading decisions. So they are always looking at numbers and data sets and coming up with a trading strategy based on those figures.
Again, currency trading is very stressful and is associated with a lot of pressurized situations. Currency traders who are successful know how to handle pressure, make quality decisions under pressure and rake in the big bucks. That's why people call them rock stars. Fx Trading Jobs New York
Forex currency traders are people who buy, sell and trade foreign currencies on behalf of large financial institutions like investment banks, commercial banks and central banks. You can even find currency trader jobs in multinational corporations that conduct foreign trade. They are also employed in investment firms like hedge funds or asset management funds. Currency trader jobs are for the most highly skilled professionals in the financial industry. Fx Trading Jobs New York
Forex Currency Traders are Rock Stars
Forex traders, are the rock stars of the financial world and currency trader jobs are accordingly one of the most coveted jobs in the industry. The profitability of large investment banks like Morgan Stanley, J.P. Morgan and Merrill Lynch often hinge on this relatively small group of individuals. For example, when Goldman Sachs first became profitable far beyond analysts expectations after the financial bailout of 2008, they attributed their profitability to their currency trading division.
A small group of individuals made literally billions of dollars for a single firm. These guys are the highest caliber employees of their firms and often treated as such. They are extremely intelligent, very quick thinkers, and can process large amounts of complex data to make positive trading decisions.
The Forex Market
The world of currency trading is by far the biggest in the world. An estimated $3.21 trillion are traded daily on the forex market. This makes this financial market not only the largest, but also the most liquid. This also means firms will place their best people in currency trader jobs. In addition, those who decide to be self-employed currency traders and trade from home have to also be of the highest caliber of traders.
Because the forex market is so large, it makes it virtually impossible for forex traders to manipulate the market like in other markets. For example, if a trader in the New York Stock Exchange wants to manipulate the price of a certain stock, which happens everyday, one strategy they might employ is to buy large amounts of that stock over a short period of time, pumping tons of cash into that stock and thereby creating an upward trend. This will cause other investors and traders to identify this trend and want to ride it's wave. The forex trader will discontinue pumping money in that stock, but the stock will continue to rise because now other traders are investing in it. Then, when it reaches a certain point in the price, the initial trader can just sell, sending that stock into a downward spiral but having sold it at a high price than they bought it.
A trading strategy like this to manipulate the price would not work in the forex market. In order for the price of a currency to shift, there has to be a major factor, and almost never can a single trader make a difference in that movement. That is why forex traders are the most intelligent and highly skilled people in them, because they cannot use guerrilla tactics like this to be successful. The only institutions that really do move the forex market is the central banks around the world. If the US Federal Reserve announce they will cut interest rates, that will certainly move the currency market. But beyond this, individual traders cannot manipulate the forex market. That is why those employed in currency trader jobs have the highest proficiency in really understanding how economic and market forces work.
Qualifications of a Forex Trader
Those employed in this field are the highest of caliber in the professional world. They are highly skilled, highly trained and highly motivated. They see the challenges as well as the great rewards of becoming a successful forex currency trader and they rise up to that challenge and opportunity.
Many large investment banks recruit their traders from Ivy League Universities or other highly selective schools like Duke University, Chicago University or Northwestern University. They prefer those with a background in business, finance, mathematics or any area that involves quantitative analysis and analytical thinking. Fx Trading Jobs New York
A Day in the Life
Currency trading will look differently based on where it happens. Some traders are speculators, i.e. they do it for profit, and others do it to hedge risk for their company or their investments.
Those who trade for profit will most likely found in investment banks and most hedge funds. They try to predict where foreign currency values will be and try to make a profit. They will do the old adage of buying low and selling high. The return on investment on currency trading can be so high that many investment banks will actually sell securities that offer less of a return to raise money for trading in the foreign currency market. For example, an investment bank will sell money market securities that offer people 1-3% return to raise capital to fund currency trading that can offer a 10-500% return.
Some traders will trade foreign currencies on behalf of their companies to hedge risk as well. Many multinational corporations who engage actively in foreign trade are highly vulnerable to currency fluctuations. In order to hedge against this risk variant, many corporations will employ currency traders to offset their risks as they engage in foreign trade. For example, if an American corporation has major business interests that sell their products or services in Australia, how much revenue and profit they make from the Australian market will depend largely in how the currency values against another, say the United States Dollar or USD. If the Australian Dollar or AUD, gets weaker compared to the USD, than this corporation loses it's revenue and profits even though they may be selling the same amount.
That same can occur on the cost side as well. If an American company is manufacturing it's goods in China, the exchange rate between the Yuan and the USD plays an important part of the business equation. If the Yuan stays cheap compared to the USD, it will be cheaper to manufacture goods there. if the value goes up, it will cost more to produce and manufacturers might look elsewhere for their manufacturing needs. Forex currency traders keep an eye on situations like this and will trade currencies and other derivative financial securities to hedge against this risk.
On a daily basis, currency trader will constantly monitor all the different variables and inputs that go into moving the forex market. That means they will know how to analyze different political and social events around the world, which means they stay closely abreast to world news. They also have to process a complex matrix of financial and economic data to inform their trading decisions. So they are always looking at numbers and data sets and coming up with a trading strategy based on those figures.
Again, currency trading is very stressful and is associated with a lot of pressurized situations. Currency traders who are successful know how to handle pressure, make quality decisions under pressure and rake in the big bucks. That's why people call them rock stars. Fx Trading Jobs New York
Tuesday, September 21, 2010
Fx Trading Jobs London - Making Money in FOREX
Fx Trading Jobs London
Whether you are a stock broker or just the average Joe, FOREX trading should be considered to be part of one's investment portfolio. FOREX trading can be very volatile and risky. This is only because the FOREX is complicated and most don't understand how it works before they get involved. The reality is that the FOREX can make thousands of dollars per month for someone who wants to take the time to learn. Fx Trading Jobs London
What FOREX really means is FOReign EXchange market. It is the trading of international currencies, 24 hours a day. The trading doesn't occur in a centralized exchange like the NYSE but from registered dealers who quote on major currencies. An example of a trade would be if you bought $10,000 Canadian dollars at the CDN/USD exchange of 1.18 ($11,800). Then a few weeks later, the exchange changes to 1.25 and you sell your $10,000 CDN back to USD ($12,500) and your profit is $700.
The FOREX is the largest and the most liquid financial market in the world. It includes large banks, central banks, speculators, corporations, governments and other financial institutions. Not so long ago, FOREX trading was limited to businesses, but the rules have changed and now the average "Joe" can trade currencies. Since it open to the typical person, the FOREX has grown to over $4 trillion daily globally. London, England is the busiest, next to New York and Tokyo. There are also FOREX futures, but that is another topic to discuss.
The major currencies that are traded are the USD/CHF - US vs Swiss Franc, USD/JPY - US vs. Yen, EUR/USD - Euro vs. US, GBP/USD - Great Britain Pound vs. US, USD/CAD - US vs. Canadian Dollar and lastly AUD/US - Australian vs. US. There are many more, but these represent the 6 biggest currencies traded. These were decided in 1972 and have basically stayed the same since. Fx Trading Jobs London
The concept of Currency Pair Relationship is the basic idea behind FOREX. It involves two currency, the Base currency and the Cross currency. When we describe the currencies early as USD/CHF, the US dollar is the base currency and the Swiss Franc would be the Cross Currency. The direction that the Base Currency is moving (up or down) correlates precisely with the direction of the currency pair. If the base currency loses value and the cross currency gains value, then the resultant currency pair price will go down. So it is critical to watch what base currency you select. You would have also noticed that the USD is not the base currency all the time. This was decided because of the influence one country can have over another when it comes to currency.
The three elements you should become familiar with are LOT, LEVERAGE and PIP. A lot is what you buy or sell. Think of it like shares. It is the "stuff" you deal with. Leverage determines the cost of a lot. The higher the leverage, the less a Lot costs. The will be described as 100:1 lot costs $100 or 200:1 lot costs $50.The most important element is PIP. A PIP, or Price Interest Point, is the value of each price movement. Because we are dealing with two currencies, a PIP tries to create a unit of measure that you can use to determine where you stand in the trade. More PIPs gained means that you are more profitable with the trade.
There are many variables that cause the currencies to rise and fall. Knowing what these factors are can really help in becoming a successful FOREX trader. Pay attention to when reports such as unemployment reports, government policy changes, interest rate changes, and other "country" represented stats are released for both the base currency and the cross currency. These reports are either monthly or quarterly and you will find that they will provide a very predictable trend in the currency value. You only need your base currency to either go up or your cross currency to go down to be profitable.
If you're interested in learning more about FOREX, spend the time to take a course. There are so many options when it comes to trading. You can make money when a dollar goes up or down and make that dollar 24 hours a day. There are also many software programs and online business that will be happy to educate you and help you become successful such as 4X Made Easy, Forex.com and AvaFX.com. Learn as much as you can and during your first few months and expect not to be profitable. The FOREX is very complicated and you can find yourself in a downward spin very fast. You can also come out of that spin very fast too if you buy smart according to world news. Fx Trading Jobs London
Whether you are a stock broker or just the average Joe, FOREX trading should be considered to be part of one's investment portfolio. FOREX trading can be very volatile and risky. This is only because the FOREX is complicated and most don't understand how it works before they get involved. The reality is that the FOREX can make thousands of dollars per month for someone who wants to take the time to learn. Fx Trading Jobs London
What FOREX really means is FOReign EXchange market. It is the trading of international currencies, 24 hours a day. The trading doesn't occur in a centralized exchange like the NYSE but from registered dealers who quote on major currencies. An example of a trade would be if you bought $10,000 Canadian dollars at the CDN/USD exchange of 1.18 ($11,800). Then a few weeks later, the exchange changes to 1.25 and you sell your $10,000 CDN back to USD ($12,500) and your profit is $700.
The FOREX is the largest and the most liquid financial market in the world. It includes large banks, central banks, speculators, corporations, governments and other financial institutions. Not so long ago, FOREX trading was limited to businesses, but the rules have changed and now the average "Joe" can trade currencies. Since it open to the typical person, the FOREX has grown to over $4 trillion daily globally. London, England is the busiest, next to New York and Tokyo. There are also FOREX futures, but that is another topic to discuss.
The major currencies that are traded are the USD/CHF - US vs Swiss Franc, USD/JPY - US vs. Yen, EUR/USD - Euro vs. US, GBP/USD - Great Britain Pound vs. US, USD/CAD - US vs. Canadian Dollar and lastly AUD/US - Australian vs. US. There are many more, but these represent the 6 biggest currencies traded. These were decided in 1972 and have basically stayed the same since. Fx Trading Jobs London
The concept of Currency Pair Relationship is the basic idea behind FOREX. It involves two currency, the Base currency and the Cross currency. When we describe the currencies early as USD/CHF, the US dollar is the base currency and the Swiss Franc would be the Cross Currency. The direction that the Base Currency is moving (up or down) correlates precisely with the direction of the currency pair. If the base currency loses value and the cross currency gains value, then the resultant currency pair price will go down. So it is critical to watch what base currency you select. You would have also noticed that the USD is not the base currency all the time. This was decided because of the influence one country can have over another when it comes to currency.
The three elements you should become familiar with are LOT, LEVERAGE and PIP. A lot is what you buy or sell. Think of it like shares. It is the "stuff" you deal with. Leverage determines the cost of a lot. The higher the leverage, the less a Lot costs. The will be described as 100:1 lot costs $100 or 200:1 lot costs $50.The most important element is PIP. A PIP, or Price Interest Point, is the value of each price movement. Because we are dealing with two currencies, a PIP tries to create a unit of measure that you can use to determine where you stand in the trade. More PIPs gained means that you are more profitable with the trade.
There are many variables that cause the currencies to rise and fall. Knowing what these factors are can really help in becoming a successful FOREX trader. Pay attention to when reports such as unemployment reports, government policy changes, interest rate changes, and other "country" represented stats are released for both the base currency and the cross currency. These reports are either monthly or quarterly and you will find that they will provide a very predictable trend in the currency value. You only need your base currency to either go up or your cross currency to go down to be profitable.
If you're interested in learning more about FOREX, spend the time to take a course. There are so many options when it comes to trading. You can make money when a dollar goes up or down and make that dollar 24 hours a day. There are also many software programs and online business that will be happy to educate you and help you become successful such as 4X Made Easy, Forex.com and AvaFX.com. Learn as much as you can and during your first few months and expect not to be profitable. The FOREX is very complicated and you can find yourself in a downward spin very fast. You can also come out of that spin very fast too if you buy smart according to world news. Fx Trading Jobs London
Trading Currency On The Net - Forex Trading Scalper Made 738% NET PROFIT For Joseph Taylor Who Had Little Trading Experience
Trading Currency On The Net
If you are new to FX trading, you must be really frustrated trying one FX robot after another. FX trading is not easy. Let' be clear. Those who say it is easy are not telling the truth. Most of them never reveal the years of struggle and effort that went into learning FX.
Just like another skill in life, learning FX also need effort and determination. You will have to immerse yourself in the subject of FX if you really want to make good money with it. Playing with the forex market can be risky. Rather it can be outright dangerous, if you have little money to spare.
Meet Joesph Taylor. He was never a rich guy. His dead end job just put the food on the table, kept the lights on and made sure he had a roof over his head. But he wanted more. He wanted financial freedom. He turned towards forex as his salvation like more other guys. He was sure forex would give him the financial freedom that he had always dreamed of.
The problem with FX is this that the more you read, the more you are going to get confused. Soon you become desperate. In frustration, you make mistakes and lose your hard earned money. Joseph was no different. But he had the conviction that there was light at the end of the FX tunnel. Trading Currency On The Net
He had a high school friend Ben. He was meet him occasionally. Ben was a very brilliant student who had graduated at the top of the class. Now, he was a top gun forex trader who was working for a high class firm. Joseph thought of Ben helping him in forex trading.
So, he went to meet him. Ben had a secret forex trading software that was making a lot of money for him. He shared that software with his childhood friend to help him. Joseph had not experience trading forex but he made 738% net profit with the forex trading scalper.
Scalping is a forex trading strategy that is often used by experienced forex traders to grab a few quick pips from the forex market. Every time, you make a few pips. The beauty of this strategy is that it is almost risk free as you only enter the market for a short time.
However, in order to make a lot of pips, you need to make a lot of scalper trades that are tiring and not humanely possible. Forex trading scalper does exactly that. It scalps the forex market repeatedly multiple times each day that is not humanely possible. Forex trading scalper trades so fast, raking in a few pips every time, it scalps the market. When you add up those pips, you end up in hundreds each day! Trading Currency On The Net
If you are new to FX trading, you must be really frustrated trying one FX robot after another. FX trading is not easy. Let' be clear. Those who say it is easy are not telling the truth. Most of them never reveal the years of struggle and effort that went into learning FX.
Just like another skill in life, learning FX also need effort and determination. You will have to immerse yourself in the subject of FX if you really want to make good money with it. Playing with the forex market can be risky. Rather it can be outright dangerous, if you have little money to spare.
Meet Joesph Taylor. He was never a rich guy. His dead end job just put the food on the table, kept the lights on and made sure he had a roof over his head. But he wanted more. He wanted financial freedom. He turned towards forex as his salvation like more other guys. He was sure forex would give him the financial freedom that he had always dreamed of.
The problem with FX is this that the more you read, the more you are going to get confused. Soon you become desperate. In frustration, you make mistakes and lose your hard earned money. Joseph was no different. But he had the conviction that there was light at the end of the FX tunnel. Trading Currency On The Net
He had a high school friend Ben. He was meet him occasionally. Ben was a very brilliant student who had graduated at the top of the class. Now, he was a top gun forex trader who was working for a high class firm. Joseph thought of Ben helping him in forex trading.
So, he went to meet him. Ben had a secret forex trading software that was making a lot of money for him. He shared that software with his childhood friend to help him. Joseph had not experience trading forex but he made 738% net profit with the forex trading scalper.
Scalping is a forex trading strategy that is often used by experienced forex traders to grab a few quick pips from the forex market. Every time, you make a few pips. The beauty of this strategy is that it is almost risk free as you only enter the market for a short time.
However, in order to make a lot of pips, you need to make a lot of scalper trades that are tiring and not humanely possible. Forex trading scalper does exactly that. It scalps the forex market repeatedly multiple times each day that is not humanely possible. Forex trading scalper trades so fast, raking in a few pips every time, it scalps the market. When you add up those pips, you end up in hundreds each day! Trading Currency On The Net
Craig Harris Forex Trading Methodology - How to Learn Forex Trading Risk Free in 60 Days and Reach a 5 Figure Monthly Income Part Time
Craig Harris Forex Trading Methodology
The question is if you haven't traded Forex before can you do it and reach a 5 figure monthly income part time in the next 60 days? Sure, you can if you follow this RISK FREE method. Now, this method is definately going to produce results only if you are serious. Your aim should be to reach a 5 figure monthly income part time in the next 60 days. But if you are not serious than forget it. Forex trading is the best home based business right now. Forex markets are seeing volatility never seen before since 1980s. This is the best time to trade Forex. So don't hesitate, read every word of this article.
First, is forex trading difficult for an Average Joe? Definately not! Craig Harris is a Texan construction worker who learned forex trading all by himself and now is easily making around $500-$1,000 daily. In fact, he has developed his own forex trading course and is mentoring and coaching other people in how to trade forex. Bob Iaccino was a truck driver in Chicago who now regularly gets interviewed by CNBC and other financial channels. Tom Strignano never went to a good school but ended up as a Chief Currency Trader at an elite bank. The only quality these people had was determination. Craig Harris Forex Trading Methodology
Now, learning a new skill requires training. Without getting good forex training, you will be wasting your time and money. Look for a good forex training program that has a 60-90 days money back guarantee. Enroll in it. Within the first 15 days, you will know whether it will work for you or not. If it doesn't, simple get a refund and go for another program.
Open a forex demo account. You can do it in five minutes online. Practice and practice what you learn in the forex training program. First try to double your demo account three times in a row, only then start live trading. You are all set to reach your aim of 5 figures in the next 60 days. This is a RISK FREE method of learning forex trading.
The question is if you haven't traded Forex before can you do it and reach a 5 figure monthly income part time in the next 60 days? Sure, you can if you follow this RISK FREE method. Now, this method is definately going to produce results only if you are serious. Your aim should be to reach a 5 figure monthly income part time in the next 60 days. But if you are not serious than forget it. Forex trading is the best home based business right now. Forex markets are seeing volatility never seen before since 1980s. This is the best time to trade Forex. So don't hesitate, read every word of this article.
First, is forex trading difficult for an Average Joe? Definately not! Craig Harris is a Texan construction worker who learned forex trading all by himself and now is easily making around $500-$1,000 daily. In fact, he has developed his own forex trading course and is mentoring and coaching other people in how to trade forex. Bob Iaccino was a truck driver in Chicago who now regularly gets interviewed by CNBC and other financial channels. Tom Strignano never went to a good school but ended up as a Chief Currency Trader at an elite bank. The only quality these people had was determination. Craig Harris Forex Trading Methodology
Now, learning a new skill requires training. Without getting good forex training, you will be wasting your time and money. Look for a good forex training program that has a 60-90 days money back guarantee. Enroll in it. Within the first 15 days, you will know whether it will work for you or not. If it doesn't, simple get a refund and go for another program.
Open a forex demo account. You can do it in five minutes online. Practice and practice what you learn in the forex training program. First try to double your demo account three times in a row, only then start live trading. You are all set to reach your aim of 5 figures in the next 60 days. This is a RISK FREE method of learning forex trading.
Best Forex Broker Spreads - Selecting the Best Online Forex Broker For Your Trading
When deciding on a Forex Broker you need to think about the way in which you will be using your Forex account. These days many traders, especially beginners, will use automated systems to enhance their trading returns. Therefore it is important that you select a Forex Broker who is sympathetic to their use.
The difficulty when trying to employ an automated trading system is in finding a Forex Broker that will accept their use. Many brokers will have an official or non official policy on the use of automated Forex trading systems on their platforms.
This policy is likely to be stricter the more successful the robot becomes. Increased success brings increased use, which in turn eats into broker profits. To combat this Forex Brokers employ various tactics to make it difficult to trade automated Forex systems.
While some will reportedly close a trader's account if they suspect a robot is being used, others use more underhand tactics to disrupt their use. A common tactic is to raise the spread during quieter market sessions when automated robots are more likely to trade. While this doesn't actually prevent the robot from being used it can make it difficult for them to find trade entry points. This is particularly true of the many robots that are reliant on a low spread as part of their strategy.
And of course by raising the spread on trades taken, a bigger commission is earned by the Forex broker, leaving less profit for the trader. Best Forex Broker Spreads
Some Forex Robots will try to prevent the Broker from detecting that they are being used by offering a form of key protection. This will need changing frequently and is not an ideal solution. Ok so the broker may not be able to detect that a robot is placing the trades but this will do nothing to overcome the issue of increased spreads which effect the time of day rather than the actual mechanism of trade execution.
When selecting a Forex Broker to run your automated system on it is important to take account of the tactics employed. For this reason it is best to look for a broker who accepts the use of automated Expert Advisors and the strategy it employs. Selected Brokers will allow the use of EA's, hedging and scalping strategies on their platform without penalty.
However this is only half the solution. There is no point in settling for a broker who accepts the use of automated systems and then puts up the spreads at the time of day that they are most likely to be used.
The second part to selecting a Forex broker is therefore to make sure that you keep an eye on the spreads. A low spread is good but make sure it remains that way at the times when your system is looking to trade. Be wary of the broker increasing the spread at times of low liquidity. In some instances, dependant on the strategy employed, it can be advantageous to look for a broker offering guaranteed fixed spreads. In this way you have a known constant to your trading. Best Forex Broker Spreads
The difficulty when trying to employ an automated trading system is in finding a Forex Broker that will accept their use. Many brokers will have an official or non official policy on the use of automated Forex trading systems on their platforms.
This policy is likely to be stricter the more successful the robot becomes. Increased success brings increased use, which in turn eats into broker profits. To combat this Forex Brokers employ various tactics to make it difficult to trade automated Forex systems.
While some will reportedly close a trader's account if they suspect a robot is being used, others use more underhand tactics to disrupt their use. A common tactic is to raise the spread during quieter market sessions when automated robots are more likely to trade. While this doesn't actually prevent the robot from being used it can make it difficult for them to find trade entry points. This is particularly true of the many robots that are reliant on a low spread as part of their strategy.
And of course by raising the spread on trades taken, a bigger commission is earned by the Forex broker, leaving less profit for the trader. Best Forex Broker Spreads
Some Forex Robots will try to prevent the Broker from detecting that they are being used by offering a form of key protection. This will need changing frequently and is not an ideal solution. Ok so the broker may not be able to detect that a robot is placing the trades but this will do nothing to overcome the issue of increased spreads which effect the time of day rather than the actual mechanism of trade execution.
When selecting a Forex Broker to run your automated system on it is important to take account of the tactics employed. For this reason it is best to look for a broker who accepts the use of automated Expert Advisors and the strategy it employs. Selected Brokers will allow the use of EA's, hedging and scalping strategies on their platform without penalty.
However this is only half the solution. There is no point in settling for a broker who accepts the use of automated systems and then puts up the spreads at the time of day that they are most likely to be used.
The second part to selecting a Forex broker is therefore to make sure that you keep an eye on the spreads. A low spread is good but make sure it remains that way at the times when your system is looking to trade. Be wary of the broker increasing the spread at times of low liquidity. In some instances, dependant on the strategy employed, it can be advantageous to look for a broker offering guaranteed fixed spreads. In this way you have a known constant to your trading. Best Forex Broker Spreads
Best Forex Broker For Scalping - Forex Scalping Methods
Scalping the Forex market is one of the fastest growing methods for trading Forex in the modern day world. In Forex scalping trading is performed over much shorter periods than other forms of trading and income is often generated even from relatively small fluctuations in a currencies price.
The main reason people trade via scalping is often that due to the quick nature of the method, profits can be built up fairly quickly. What's more it also makes market movements far less likely to cause a large differential in the buy and sell prices.
Other methods of trading such as technical and fundamental analysis rely on analysing trends and predicting movements based on past performance or current news. Forex scalping offers a much quicker turn of events and traders using this method are simply looking for lots of small movements in currencies in any trading day.
Due to this difference in speed of trading, Forex scalping often means that traders run a much tighter ship as the risk is spread short time over a large number of currencies. In other methods of trading losses can often run a bit loose as the trader searches for that one trade that will return a big profit.
When scalping a trader will often only hold a currency for a matter of minutes before they resell at a profit. What is basically happening is that the Forex trader is playing with the spreads to bring in money where others fail to spot such a small market move. Best Forex Broker For Scalping
Almost all successful Forex scalpers base their strategy on absorbing masses of information about the market they are trading in. You will not find many new traders adopting scalping methods simply because of the level of knowledge and nerve you need to succeed.
It is also rare that a Forex scalper will hold their position overnight. Most will close all trades before finally turning their computer off. If they do not then the trade they leave running is not really following the Forex scalping method.
The scalping method is usually based on three factors: Best Forex Broker For Scalping
Liquidity - The more liquidity in a market then the more attractive it becomes to a Forex scalper as they can make more profitable trades in any given period.
Volatility - Only the most stable of markets are attractive to scalpers as a big movement is not what they are looking for. A stable market offers the chance to gain lots of small profits from many many trades
Time - A successful Forex scalper will not always begin trading at the start of a day. True, the longer they have to trade then the more they can make but patience is the key since it is pointless trying to scalp the Forex if market conditions are not right, for example in a period of large economic uncertainty.
As you can see, providing you have taken the time to learn as much as possible about market conditions then Forex scalping methods are not that difficult to implement. In many ways they are much more secure than other methods and this is why the method is becoming so popular.
The main reason people trade via scalping is often that due to the quick nature of the method, profits can be built up fairly quickly. What's more it also makes market movements far less likely to cause a large differential in the buy and sell prices.
Other methods of trading such as technical and fundamental analysis rely on analysing trends and predicting movements based on past performance or current news. Forex scalping offers a much quicker turn of events and traders using this method are simply looking for lots of small movements in currencies in any trading day.
Due to this difference in speed of trading, Forex scalping often means that traders run a much tighter ship as the risk is spread short time over a large number of currencies. In other methods of trading losses can often run a bit loose as the trader searches for that one trade that will return a big profit.
When scalping a trader will often only hold a currency for a matter of minutes before they resell at a profit. What is basically happening is that the Forex trader is playing with the spreads to bring in money where others fail to spot such a small market move. Best Forex Broker For Scalping
Almost all successful Forex scalpers base their strategy on absorbing masses of information about the market they are trading in. You will not find many new traders adopting scalping methods simply because of the level of knowledge and nerve you need to succeed.
It is also rare that a Forex scalper will hold their position overnight. Most will close all trades before finally turning their computer off. If they do not then the trade they leave running is not really following the Forex scalping method.
The scalping method is usually based on three factors: Best Forex Broker For Scalping
Liquidity - The more liquidity in a market then the more attractive it becomes to a Forex scalper as they can make more profitable trades in any given period.
Volatility - Only the most stable of markets are attractive to scalpers as a big movement is not what they are looking for. A stable market offers the chance to gain lots of small profits from many many trades
Time - A successful Forex scalper will not always begin trading at the start of a day. True, the longer they have to trade then the more they can make but patience is the key since it is pointless trying to scalp the Forex if market conditions are not right, for example in a period of large economic uncertainty.
As you can see, providing you have taken the time to learn as much as possible about market conditions then Forex scalping methods are not that difficult to implement. In many ways they are much more secure than other methods and this is why the method is becoming so popular.
Best Forex Broker For Beginner - What is the Best Forex Broker For Beginner?
You have learned what forex is all about and now it is time to start trading for real. Among hundreds of forex brokers available online, which one is the right one for you? What forex broker is the best for a forex beginner and why?
Finding a good broker is entirely up to you. Be prepared to send at least couple of days reading reviews, going though terms and conditions, contacting broker's customer support, visit forums etc. The reason for all this is that a broker that suits one trader may be not a good choice for another. Choosing a broker depends on your trading preferences and expectations, available investment capital and overall knowledge of forex.
When searching for the right forex broker, figure out what kind of trader you are first. The faster you understand yourself, the easier it will be to find the best suitable broker. Here are some things to consider when choosing forex broker: Best Forex Broker For Beginner
What kind of trading platform is offered? (If you don't have any experience with metatrader 4, it might be a good idea to start with more user-friendly interface)
What are the minimum deposit requirements?
Are there any hidden fees? (for withdrawals, for overnight, for an non-active account etc.)
Is customer support efficient and professional? (email, phone, online chat)
Is there a demo account for practice?
What do others say about this broker?
Is the broker regulated and certified? (Regulated forex broker is generally more reliable than non-regulated brokers. It is important to protect yourself and your money, because once you start earning big, things can turn nasty if you are not with a good broker).
What are the spreads for the currency pairs you are planning to trade? (some brokers offer fixed price instead of spreads. Decide what is more suitable for you)
What is the maximum leverage available? (make sure you understand all the risk involved with the use of leverage).
What are the payment methods available? What is your preferred payment/withdrawal method?
What kind of services will you get - daily updates, recommendations, mobile trading, live news, daily analysis, free advisor... etc.
What kind of bonuses are available for new traders? Best Forex Broker For Beginner
Mini Accounts - I Have $10 to Invest
If you want to start trading with no more than $10, you are searching for brokers like LiteForex or InstaForex. Both brokers offer metatrader 4 platform and mini forex accounts with small minimum deposits.
Professional Forex Brokers with Metatrader 4
If you are more advanced in forex trading, have at least $100 to invest and looking for something more professional, I would say FXCM are your best choices.
Easiest Trading Platforms
If you are looking for easiest trading platform ever with cool buttons and user-friendly interface, try eToro, ForexYard and Avafx.
The only way to figure out what forex broker is best for beginners is by trial and error. Start trading with several brokers and see which one you prefer. Over all, risk is involved in everything you do in this life. Don't let fear stop you from forex trading. The trick is to learn and understand the risks involved and then take the right decisions.
Finding a good broker is entirely up to you. Be prepared to send at least couple of days reading reviews, going though terms and conditions, contacting broker's customer support, visit forums etc. The reason for all this is that a broker that suits one trader may be not a good choice for another. Choosing a broker depends on your trading preferences and expectations, available investment capital and overall knowledge of forex.
When searching for the right forex broker, figure out what kind of trader you are first. The faster you understand yourself, the easier it will be to find the best suitable broker. Here are some things to consider when choosing forex broker: Best Forex Broker For Beginner
What kind of trading platform is offered? (If you don't have any experience with metatrader 4, it might be a good idea to start with more user-friendly interface)
What are the minimum deposit requirements?
Are there any hidden fees? (for withdrawals, for overnight, for an non-active account etc.)
Is customer support efficient and professional? (email, phone, online chat)
Is there a demo account for practice?
What do others say about this broker?
Is the broker regulated and certified? (Regulated forex broker is generally more reliable than non-regulated brokers. It is important to protect yourself and your money, because once you start earning big, things can turn nasty if you are not with a good broker).
What are the spreads for the currency pairs you are planning to trade? (some brokers offer fixed price instead of spreads. Decide what is more suitable for you)
What is the maximum leverage available? (make sure you understand all the risk involved with the use of leverage).
What are the payment methods available? What is your preferred payment/withdrawal method?
What kind of services will you get - daily updates, recommendations, mobile trading, live news, daily analysis, free advisor... etc.
What kind of bonuses are available for new traders? Best Forex Broker For Beginner
Mini Accounts - I Have $10 to Invest
If you want to start trading with no more than $10, you are searching for brokers like LiteForex or InstaForex. Both brokers offer metatrader 4 platform and mini forex accounts with small minimum deposits.
Professional Forex Brokers with Metatrader 4
If you are more advanced in forex trading, have at least $100 to invest and looking for something more professional, I would say FXCM are your best choices.
Easiest Trading Platforms
If you are looking for easiest trading platform ever with cool buttons and user-friendly interface, try eToro, ForexYard and Avafx.
The only way to figure out what forex broker is best for beginners is by trial and error. Start trading with several brokers and see which one you prefer. Over all, risk is involved in everything you do in this life. Don't let fear stop you from forex trading. The trick is to learn and understand the risks involved and then take the right decisions.
Forex Killer Software Download - Is Forex Killer For You?
Forex Killer is the Forex trading program that makes huge claims. It was put together by a guy named Andreas Kirkberger, and he claims you can make as much $500,000 pure profit in just a couple of months. Tall claims indeed...read on to find out the real truth in my Forex Killer Review
First impressions on Forex Killer are pretty good. The software is easy to download and install, and once downloaded you'll need to use an activation key which is readily available in the members area.
As for actually using Forex Killer, it probably couldn't be any easier. Once you have it up and running, all you need to do is long into your broker's trading platform (don't worry you'll be shown how to do this) and feed some of the date into Forex Killer. All it needs to know usually are trading details from the last few days, which are readily available from your broker software. Once that's done, you hit the calculate button, and after a short while figuring things out, Forex Killer will give you the signals it's generated, both long term and short term. Very simple. Forex Killer Software Download
One thing I especially like about Forex Killer is the ability to set both a stop loss and a take profit figure. Not all of the systems around are this flexible, and being able to adjust it in this fashion really helps put me at ease. When you first start trading it can be stressful, but having a stop loss in place can put a stop to that stress.
Another big factor in favor of Forex Killer is the customer service. They have a dedicated help center, so if you're having issues they can usually straighten them out pretty fast. Along similar lines, you get several free gifts when you purchase Forex Killer, my favorite being the guide to trading. You really can use Forex Killer with zero trading experience, but if you do want to know more you'll find the free trading guide pretty invaluable.
First impressions on Forex Killer are pretty good. The software is easy to download and install, and once downloaded you'll need to use an activation key which is readily available in the members area.
As for actually using Forex Killer, it probably couldn't be any easier. Once you have it up and running, all you need to do is long into your broker's trading platform (don't worry you'll be shown how to do this) and feed some of the date into Forex Killer. All it needs to know usually are trading details from the last few days, which are readily available from your broker software. Once that's done, you hit the calculate button, and after a short while figuring things out, Forex Killer will give you the signals it's generated, both long term and short term. Very simple. Forex Killer Software Download
One thing I especially like about Forex Killer is the ability to set both a stop loss and a take profit figure. Not all of the systems around are this flexible, and being able to adjust it in this fashion really helps put me at ease. When you first start trading it can be stressful, but having a stop loss in place can put a stop to that stress.
Another big factor in favor of Forex Killer is the customer service. They have a dedicated help center, so if you're having issues they can usually straighten them out pretty fast. Along similar lines, you get several free gifts when you purchase Forex Killer, my favorite being the guide to trading. You really can use Forex Killer with zero trading experience, but if you do want to know more you'll find the free trading guide pretty invaluable.
Monday, September 20, 2010
Junior Fx Trading Jobs - Finding the Best Forex Trading Program
If you are looking to make some decent money in a relatively short period of time or are looking long term, you may want to consider checking out the Forex, or Foreign Exchange market (Fx). The Forex trading market is, in terms of volume, the largest financial institution on this planet! We're talking almost $3 trillion a day! The name is what it suggests: The buying and selling (trading) of currencies between two different country's denominations in hopes to make a profit via arbitrage. The Forex players include: Large banks, banks, governments, and also individual investors. Junior Fx Trading Jobs
Although the Foreign Exchange market produces a large amount of profit, it can also be quite risky. Due to ever-changing economic conditions, the market can be volatile. Because of this fact, the market also produces investment miscalculations, missed opportunities, and losses. Listen, the market is open, technically, 24 hours a day because of the different time zones. When one market closes, another opens. No one can stay up and follow the markets 24 hours a day/5 days a week--Unless you are a machine. Which leads to my segue: Enter automated Forex trading software.
If you have a good automated Fx program, you don't have to worry about losing out on potential profit at 3 in the morning . Furthermore, unlike the stock market, you don't have to wait for a personal broker to question or execute each trade over the phone. Some investors have their own systems that work-- some of the time-- but these systems cannot be used when they are sleeping. This is the beauty of automation. The word that best describes what these programs do would be 'autopilot.' There are so many advantages to using Forex autopilot programs over conventional methods.
Beyond having Forex trading systems on autopilot, there are even more features that make automated programs so beneficial to traders. Automated Forex programs don't have feelings. Sounds crazy, but trade executions will never be based on 'gut feelings.' When you take out emotion, trepidation, and greed, chances are, profits will be bigger and losses, less. Furthermore, in my own opinion, stress is minimal because you can set your own limits and parameters.
Automated Forex trading programs allow you to create a system that works for you in terms of investment, risk, and style. Suppose you are looking for short term profits, you can set different rules in the software to help you achieve this. As you become more comfortable with your program, you will find that you can almost pinpoint how much and how often you will make money each week . Believe it or not, many institutions and large investors actually use Forex trading software to make their millions. As with any investment, seek advice from a mentor or professional to help setup your system with your goals in mind. You can find a lot of information on the internet in Forex forums.
Let's talk a little about convenience, also. These Forex software programs have actually allowed people to quit day jobs or majorly supplement their existing incomes. I'm not going to sit here and tell you that each and every software program out there will make you money...this is definitely not the case. However, if you find a good program, the features inside are not just limited to placing trades. Most Forex trading programs offer various other tools such as charts, price histories, real-time quotes, news sources, and other information that may help an investor make the best use of the software.
Whether you are a veteran trader or beginner, you can find a program that works for you. Forex trading software is available in either web based or in a packaged software program. Junior Fx Trading Jobs
Forex Trading Software on Your Computer
Trading programs are great as you have total control. However, there are some drawbacks. As with any program on your home computer, the vulnerability issue rears its ugly head. Viruses, hard-drive crashes, spyware and the like can plague your home software and could potentially cause havoc at crucial trading periods. Obviously, security is a huge factor in deciding which program to choose. Although this may sound like a deterrent to packaged software, there are ways to make your program as safe as possible. Since your program will be accessing the internet for information, be sure the program includes a 128 bit SSL connection . This will prevent hackers from accessing any personal information. Make sure that your software company provides 24 hour support and backups of all your information.
If the company provides security on their end, you can also strengthen the security by making your own back-ups, password protecting any data, and use an antivirus program that will further protect your program and data. Another thing you can do, personally, to protect yourself is to purchase a computer that is dedicated to trading only (if you have additional funds). Although, this is not always feasible, this can definitely help.
Online Forex Trading Software
On the other side of the coin there is web based trading software, typically hosted and maintained by the owners/creators of the Forex trading software. Fx online trading programs are hosted on secure servers which offer data encrypted protection. These online programs also offer account backups in case of outages.
Convenience is a huge benefit to using an online Forex trading program. Basically, you can access your account, your tools, your history, etc. from any computer that has an internet connection. So, if you're sipping on some margaritas on the beach, have your laptop handy, and have some sort of internet connection--you can access your account information and/or make a trade.
Finding The Best Forex Trading Software
Regardless of which type of software you use for Forex trading, be sure to also check each company's downtime. When you have your own personal investment at stake, you want to be sure that your money and transactions are accessible at all trading times. Most reliable companies may perform maintenance on Saturdays or Sundays when the Forex market is closed. This is ok! However, if your company faces downtime during the week, you may need to seek other programs. Furthermore, as I discussed earlier, make sure that you can get in touch with a support person any time of the day.
Finding the best forex software that fits your needs and goals can be quite a task. My email box becomes inundated with so many ads for trading programs each and every week. Unfortunately, most of these programs are junk. I can't stress enough the importance of researching these programs. I could use the analogy of finding a family doctor: Do your research, ask questions, ask for referrals, and seek credentials--it's your money at risk!
Regardless of the software you choose, most, if not all, offer a Forex demo account. When you have a demo or dummy account, you have nothing to lose (except the purchase of the software). Having a demo account will allow you to place mock trades without putting in a dime. I would suggest using this part of the software for a week or two (if not longer) so you can become familiar with the software and learn how to track and analyze your progress. These accounts also help you find your trading style and limits. They can also let you know if you are ready for the real thing! Junior Fx Trading Jobs
Although the Foreign Exchange market produces a large amount of profit, it can also be quite risky. Due to ever-changing economic conditions, the market can be volatile. Because of this fact, the market also produces investment miscalculations, missed opportunities, and losses. Listen, the market is open, technically, 24 hours a day because of the different time zones. When one market closes, another opens. No one can stay up and follow the markets 24 hours a day/5 days a week--Unless you are a machine. Which leads to my segue: Enter automated Forex trading software.
If you have a good automated Fx program, you don't have to worry about losing out on potential profit at 3 in the morning . Furthermore, unlike the stock market, you don't have to wait for a personal broker to question or execute each trade over the phone. Some investors have their own systems that work-- some of the time-- but these systems cannot be used when they are sleeping. This is the beauty of automation. The word that best describes what these programs do would be 'autopilot.' There are so many advantages to using Forex autopilot programs over conventional methods.
Beyond having Forex trading systems on autopilot, there are even more features that make automated programs so beneficial to traders. Automated Forex programs don't have feelings. Sounds crazy, but trade executions will never be based on 'gut feelings.' When you take out emotion, trepidation, and greed, chances are, profits will be bigger and losses, less. Furthermore, in my own opinion, stress is minimal because you can set your own limits and parameters.
Automated Forex trading programs allow you to create a system that works for you in terms of investment, risk, and style. Suppose you are looking for short term profits, you can set different rules in the software to help you achieve this. As you become more comfortable with your program, you will find that you can almost pinpoint how much and how often you will make money each week . Believe it or not, many institutions and large investors actually use Forex trading software to make their millions. As with any investment, seek advice from a mentor or professional to help setup your system with your goals in mind. You can find a lot of information on the internet in Forex forums.
Let's talk a little about convenience, also. These Forex software programs have actually allowed people to quit day jobs or majorly supplement their existing incomes. I'm not going to sit here and tell you that each and every software program out there will make you money...this is definitely not the case. However, if you find a good program, the features inside are not just limited to placing trades. Most Forex trading programs offer various other tools such as charts, price histories, real-time quotes, news sources, and other information that may help an investor make the best use of the software.
Whether you are a veteran trader or beginner, you can find a program that works for you. Forex trading software is available in either web based or in a packaged software program. Junior Fx Trading Jobs
Forex Trading Software on Your Computer
Trading programs are great as you have total control. However, there are some drawbacks. As with any program on your home computer, the vulnerability issue rears its ugly head. Viruses, hard-drive crashes, spyware and the like can plague your home software and could potentially cause havoc at crucial trading periods. Obviously, security is a huge factor in deciding which program to choose. Although this may sound like a deterrent to packaged software, there are ways to make your program as safe as possible. Since your program will be accessing the internet for information, be sure the program includes a 128 bit SSL connection . This will prevent hackers from accessing any personal information. Make sure that your software company provides 24 hour support and backups of all your information.
If the company provides security on their end, you can also strengthen the security by making your own back-ups, password protecting any data, and use an antivirus program that will further protect your program and data. Another thing you can do, personally, to protect yourself is to purchase a computer that is dedicated to trading only (if you have additional funds). Although, this is not always feasible, this can definitely help.
Online Forex Trading Software
On the other side of the coin there is web based trading software, typically hosted and maintained by the owners/creators of the Forex trading software. Fx online trading programs are hosted on secure servers which offer data encrypted protection. These online programs also offer account backups in case of outages.
Convenience is a huge benefit to using an online Forex trading program. Basically, you can access your account, your tools, your history, etc. from any computer that has an internet connection. So, if you're sipping on some margaritas on the beach, have your laptop handy, and have some sort of internet connection--you can access your account information and/or make a trade.
Finding The Best Forex Trading Software
Regardless of which type of software you use for Forex trading, be sure to also check each company's downtime. When you have your own personal investment at stake, you want to be sure that your money and transactions are accessible at all trading times. Most reliable companies may perform maintenance on Saturdays or Sundays when the Forex market is closed. This is ok! However, if your company faces downtime during the week, you may need to seek other programs. Furthermore, as I discussed earlier, make sure that you can get in touch with a support person any time of the day.
Finding the best forex software that fits your needs and goals can be quite a task. My email box becomes inundated with so many ads for trading programs each and every week. Unfortunately, most of these programs are junk. I can't stress enough the importance of researching these programs. I could use the analogy of finding a family doctor: Do your research, ask questions, ask for referrals, and seek credentials--it's your money at risk!
Regardless of the software you choose, most, if not all, offer a Forex demo account. When you have a demo or dummy account, you have nothing to lose (except the purchase of the software). Having a demo account will allow you to place mock trades without putting in a dime. I would suggest using this part of the software for a week or two (if not longer) so you can become familiar with the software and learn how to track and analyze your progress. These accounts also help you find your trading style and limits. They can also let you know if you are ready for the real thing! Junior Fx Trading Jobs
Craig Harris Forex Trading Methodology - How to Learn Forex Trading Risk Free in 60 Days and Reach a 5 Figure Monthly Income Part Time
The question is if you haven't traded Forex before can you do it and reach a 5 figure monthly income part time in the next 60 days? Sure, you can if you follow this RISK FREE method. Now, this method is definately going to produce results only if you are serious. Your aim should be to reach a 5 figure monthly income part time in the next 60 days. But if you are not serious than forget it. Forex trading is the best home based business right now. Forex markets are seeing volatility never seen before since 1980s. This is the best time to trade Forex. So don't hesitate, read every word of this article.
First, is forex trading difficult for an Average Joe? Definately not! Craig Harris is a Texan construction worker who learned forex trading all by himself and now is easily making around $500-$1,000 daily. In fact, he has developed his own forex trading course and is mentoring and coaching other people in how to trade forex. Bob Iaccino was a truck driver in Chicago who now regularly gets interviewed by CNBC and other financial channels. Tom Strignano never went to a good school but ended up as a Chief Currency Trader at an elite bank. The only quality these people had was determination. Craig Harris Forex Trading Methodology
Now, learning a new skill requires training. Without getting good forex training, you will be wasting your time and money. Look for a good forex training program that has a 60-90 days money back guarantee. Enroll in it. Within the first 15 days, you will know whether it will work for you or not. If it doesn't, simple get a refund and go for another program.
Open a forex demo account. You can do it in five minutes online. Practice and practice what you learn in the forex training program. First try to double your demo account three times in a row, only then start live trading. You are all set to reach your aim of 5 figures in the next 60 days. This is a RISK FREE method of learning forex trading. Craig Harris Forex Trading Methodology
First, is forex trading difficult for an Average Joe? Definately not! Craig Harris is a Texan construction worker who learned forex trading all by himself and now is easily making around $500-$1,000 daily. In fact, he has developed his own forex trading course and is mentoring and coaching other people in how to trade forex. Bob Iaccino was a truck driver in Chicago who now regularly gets interviewed by CNBC and other financial channels. Tom Strignano never went to a good school but ended up as a Chief Currency Trader at an elite bank. The only quality these people had was determination. Craig Harris Forex Trading Methodology
Now, learning a new skill requires training. Without getting good forex training, you will be wasting your time and money. Look for a good forex training program that has a 60-90 days money back guarantee. Enroll in it. Within the first 15 days, you will know whether it will work for you or not. If it doesn't, simple get a refund and go for another program.
Open a forex demo account. You can do it in five minutes online. Practice and practice what you learn in the forex training program. First try to double your demo account three times in a row, only then start live trading. You are all set to reach your aim of 5 figures in the next 60 days. This is a RISK FREE method of learning forex trading. Craig Harris Forex Trading Methodology
Forex Quotes For Website - Forex Webmaster Tools
In Forex affiliate marketing, in general you often need to give your affiliate marketing efforts a push. If you are an affiliate promoting Forex, you need to move beyond the usual banners and text links. This is where Forex webmaster tools come into play in order to give your efforts that much needed push. Forex Quotes For Website
Why Forex webmaster tools?
Simply because they engage the audience/site traffic and also help in influencing the prospective visitor to convert to a Forex trader. We take a brief look into the most widely available Forex webmaster tools which are easy for you to implement.
Live Currency Rates: This is usually a flash or a java module with an easy to use cut and paste code to get it working on your website. This graphic tool is a good way to offer the present currency rates in real-time. You can choose between the currency pairs you wish to keep a tab on or think is relevant to the market/region you are promoting to. The chart looks great, especially when the rates change and does it's bit to not only keep the visitor occupied but also help in Forex trader conversions.
Currency Charts: There are many of these available. The candlestick charts are one of the most popular type of analysis and Forex traders would often be interested in this module. The currency chart however isn't a tool to attract new Forex traders but is more targeted towards the seasoned trader and gives you a good opportunity to influence the visitor to switching to a different Forex trading platform. Forex Quotes For Website
Live Indices: The live index is a very informative tool that helps you to keep tab on the world indices and gives a brief insight into the trading patterns. This is again often helpful to convert both new and seasoned Forex traders.
Currency Convertor: One of the most basic interactive tool that one could get for their website, dealing with Forex trading. Although given how common this tool is available, you won't get much leverage by having this module on your website but at times it helps the visitor stay on your site.
Most Forex webmaster programs offer such tools for you to promote. We recommend the following Forex webmaster programs that gives the Forex webmaster the option to use such interactive tools.
o eToro: Virtual Salesperson, Traders Challenge leaderboard, Currency Pairs, Market News, Popular Trade, Forex Charts and Economic Calendar.
o Affiliateyard: Quotes/Charts, Economic Calendars
o ReferForex: Live Currency rates, Pivot Calculator. Forex Quotes For Website
Why Forex webmaster tools?
Simply because they engage the audience/site traffic and also help in influencing the prospective visitor to convert to a Forex trader. We take a brief look into the most widely available Forex webmaster tools which are easy for you to implement.
Live Currency Rates: This is usually a flash or a java module with an easy to use cut and paste code to get it working on your website. This graphic tool is a good way to offer the present currency rates in real-time. You can choose between the currency pairs you wish to keep a tab on or think is relevant to the market/region you are promoting to. The chart looks great, especially when the rates change and does it's bit to not only keep the visitor occupied but also help in Forex trader conversions.
Currency Charts: There are many of these available. The candlestick charts are one of the most popular type of analysis and Forex traders would often be interested in this module. The currency chart however isn't a tool to attract new Forex traders but is more targeted towards the seasoned trader and gives you a good opportunity to influence the visitor to switching to a different Forex trading platform. Forex Quotes For Website
Live Indices: The live index is a very informative tool that helps you to keep tab on the world indices and gives a brief insight into the trading patterns. This is again often helpful to convert both new and seasoned Forex traders.
Currency Convertor: One of the most basic interactive tool that one could get for their website, dealing with Forex trading. Although given how common this tool is available, you won't get much leverage by having this module on your website but at times it helps the visitor stay on your site.
Most Forex webmaster programs offer such tools for you to promote. We recommend the following Forex webmaster programs that gives the Forex webmaster the option to use such interactive tools.
o eToro: Virtual Salesperson, Traders Challenge leaderboard, Currency Pairs, Market News, Popular Trade, Forex Charts and Economic Calendar.
o Affiliateyard: Quotes/Charts, Economic Calendars
o ReferForex: Live Currency rates, Pivot Calculator. Forex Quotes For Website
Forex Trading Download - A Forex Trading System That Will Create Many Millionaires in This Decade
The recent unravelling of the DOW JONES 1,000 points on 6th May was a signal that the year long bear rally in the stock market is about to end soon. What this means is that the stock market recovery is not solid and the stock market may crash again. Forex Trading Download
Now, a few days back before 6th May 2010, when Gary R. Albrecht the creator of the M3 Forex Navigator software set his software up on the DOW Index, he was amazed. He openly announced in front of 400 traders in his class that the DOW JONES index was headed towards a massive retracement in the next few days. When it happened exactly as predicted by him on 6th May, many people became firm believers in the Forex Mastery 2.0 System.
You see, Forex Mastery 2.0 System is the culmination of years of hard work. Forex Joe Atkins was a highly successful Texan sports bettor who had developed certain proprietary mathematical formulas that he used to make a fortune in sports betting.
In the year 2001, he discovered Forex trading. He applied his proprietary mathematical formulas to the Forex market and lo and behold, he made a fortune in Forex trading too. He teamed up with Gary R. Albrecht, one of his Forex trading students and developed this M3 Forex Navigator Software that is a key component of the Forex Mastery 2.0 System Forex Trading Download
Now, M3 Forex Navigator Software has been in fact predicting the DOW crumble many weeks before it actually happened. This shows the true power and potential of this software. This Forex software predicts the turning points in the Forex market with laser sharp accuracy.
Now, if you have been trading Forex or for that matter any other market, you know how important this is for a trader to know the turning points in a market before they actually develop. If you can develop the power to predict these turning points, you can make a fortune. This is exactly what the users of M3 Forex Software are doing.
Gary used this software to turn $25,000 into $300,000 in 18 months with a minimal risk. Then he turned that $300,000 into $520,000 in the next 4 months. In the same way, a Forex mastery student from Belgium is using this Forex software to make $20,000 Euros every month. It is being said that the Forex Mastery 2.0 System is going to create many millionaires in this decade
Now, a few days back before 6th May 2010, when Gary R. Albrecht the creator of the M3 Forex Navigator software set his software up on the DOW Index, he was amazed. He openly announced in front of 400 traders in his class that the DOW JONES index was headed towards a massive retracement in the next few days. When it happened exactly as predicted by him on 6th May, many people became firm believers in the Forex Mastery 2.0 System.
You see, Forex Mastery 2.0 System is the culmination of years of hard work. Forex Joe Atkins was a highly successful Texan sports bettor who had developed certain proprietary mathematical formulas that he used to make a fortune in sports betting.
In the year 2001, he discovered Forex trading. He applied his proprietary mathematical formulas to the Forex market and lo and behold, he made a fortune in Forex trading too. He teamed up with Gary R. Albrecht, one of his Forex trading students and developed this M3 Forex Navigator Software that is a key component of the Forex Mastery 2.0 System Forex Trading Download
Now, M3 Forex Navigator Software has been in fact predicting the DOW crumble many weeks before it actually happened. This shows the true power and potential of this software. This Forex software predicts the turning points in the Forex market with laser sharp accuracy.
Now, if you have been trading Forex or for that matter any other market, you know how important this is for a trader to know the turning points in a market before they actually develop. If you can develop the power to predict these turning points, you can make a fortune. This is exactly what the users of M3 Forex Software are doing.
Gary used this software to turn $25,000 into $300,000 in 18 months with a minimal risk. Then he turned that $300,000 into $520,000 in the next 4 months. In the same way, a Forex mastery student from Belgium is using this Forex software to make $20,000 Euros every month. It is being said that the Forex Mastery 2.0 System is going to create many millionaires in this decade
Sunday, September 19, 2010
Live Forex Chat Room - Earn More With Forex Chat Rooms
Live Forex Chat Room
Whether you're new to forex trading or consider yourself to be a pro, forex chat rooms can be an excellent tool to maximize your profit potential. Forex chat rooms provide a forum for traders to trade along with a group, share forex ideas, and capitalize on the experience of others. Chat rooms that are focused on the forex market also help traders bust the boredom of waiting on a good trade.
To get started with a forex chat room, you must first become a member of a particular group. You'll join a group of traders including professional staff traders who will call the forex alerts each day or night at a set time. When the forex alerts are called, you can decide whether to place a trade with your broker or wait until another time. It's beneficial if you can sign on with a broker that allows you to buy and sell on the same pair simultaneously without closing any of your trades.
Once you join a forex chat room, you'll become part of a group that meets at a set time (day or night) - a time the group feels is an optimum trading time for forex alerts and signals. Some chat rooms provide real-time alerts through audio with forex signals to let you know which pair is being traded, the price, and if the traders in your group are buying or selling. The staff traders will let you know these details so you can decide if you want to trade along with them or not. They do not, however, reveal their strategy for determining the best trades. Live Forex Chat Room
Benefits of Forex Chat Rooms
While each forex chat room is different, there are some benefits that many sites offer. Some of these include forex rebates, affordable rates with no hidden fees, low investment trading accounts, forex market news, competitive spreads, and flexible leverages. Some forex chat rooms may offer premium accounts to give you even more benefits as well as a dedicated customer support line. One feature to look for is a demo or practice account. A practice account shows how forex trading with a chat room works and helps you understand the market without actually placing a real trade.
Forex Rebates are a Big Plus
Forex chat rooms that offer rebates can help you earn some extra cash on every single trade. Imagine earning $5 every time you make a trade - no matter what your profits/loss for that trade. This helps to improve your overall monthly balance while giving you incentive to make more trades. What is a forex rebate? It is money given back to you as a trader from the spread or commission paid to your broker on every trade. A referring broker can collect a portion of that spread and give some or all of it back to you as a rebate.
With forex chat rooms, you can start trading with the assistance of others and greatly increase your chances for success. Though there's always a risk involved when trading in the forex market, having the help of seasoned traders will help you avoid many pitfalls. Check out some online forex resources and start maximizing your profits with a forex chat room today!
Live Forex Chat Room
Whether you're new to forex trading or consider yourself to be a pro, forex chat rooms can be an excellent tool to maximize your profit potential. Forex chat rooms provide a forum for traders to trade along with a group, share forex ideas, and capitalize on the experience of others. Chat rooms that are focused on the forex market also help traders bust the boredom of waiting on a good trade.
To get started with a forex chat room, you must first become a member of a particular group. You'll join a group of traders including professional staff traders who will call the forex alerts each day or night at a set time. When the forex alerts are called, you can decide whether to place a trade with your broker or wait until another time. It's beneficial if you can sign on with a broker that allows you to buy and sell on the same pair simultaneously without closing any of your trades.
Once you join a forex chat room, you'll become part of a group that meets at a set time (day or night) - a time the group feels is an optimum trading time for forex alerts and signals. Some chat rooms provide real-time alerts through audio with forex signals to let you know which pair is being traded, the price, and if the traders in your group are buying or selling. The staff traders will let you know these details so you can decide if you want to trade along with them or not. They do not, however, reveal their strategy for determining the best trades. Live Forex Chat Room
Benefits of Forex Chat Rooms
While each forex chat room is different, there are some benefits that many sites offer. Some of these include forex rebates, affordable rates with no hidden fees, low investment trading accounts, forex market news, competitive spreads, and flexible leverages. Some forex chat rooms may offer premium accounts to give you even more benefits as well as a dedicated customer support line. One feature to look for is a demo or practice account. A practice account shows how forex trading with a chat room works and helps you understand the market without actually placing a real trade.
Forex Rebates are a Big Plus
Forex chat rooms that offer rebates can help you earn some extra cash on every single trade. Imagine earning $5 every time you make a trade - no matter what your profits/loss for that trade. This helps to improve your overall monthly balance while giving you incentive to make more trades. What is a forex rebate? It is money given back to you as a trader from the spread or commission paid to your broker on every trade. A referring broker can collect a portion of that spread and give some or all of it back to you as a rebate.
With forex chat rooms, you can start trading with the assistance of others and greatly increase your chances for success. Though there's always a risk involved when trading in the forex market, having the help of seasoned traders will help you avoid many pitfalls. Check out some online forex resources and start maximizing your profits with a forex chat room today!
Live Forex Chat Room
Simple Forex Trading System That Works - Follow this Simple Forex Trading System For Faster Forex Profits
Follow this simple Forex trading system for faster profits and faster results. Only a select group of 10 percent of Forex traders consistently perform winning trades. This article will discuss a simple Forex trading system for you to implement to fast track your Forex education and profits.
Simple Forex Trading System One: Generally currencies always trade well and the price always is the leading indicator so be sure to look for convincing clues and follow the lead.
Simple Forex Trading System Two: Your indicators are really your best friend. You must believe in what they are telling you 100 percent of the time with no exceptions. Analyze the clues that they are giving you and act upon them. Never second guess them.
Simple Forex Trading System Three: Always draw pivot points on your 15 minute chart with no exceptions.
Simple Forex Trading System Four: The area between never points is never the place to trade. The best trade are always made in and around the pivot points. Avoid all other areas at all costs. Simple Forex Trading System That Works
Simple Forex Trading System Five: After 2am New York time is the busiest time on the Forex market as it's when the major rallies for the Euro begins.
Simple Forex Trading System Six: If you are anxious to follow one signal that you have been given then by all means one signal is all you need. However, for a clearer signal and clue wait for more.
Simple Forex Trading System Seven: Always be aware for combinations of price patterns as well as obvious price patterns when looking for clues.
Simple Forex Trading System Eight: The most successful Forex traders only think one way, in one direction. If the trend is up then buy the dips and if the trend is down then sell the rallies. Forex trading does not need to be any more complicated than that
Simple Forex Trading System One: Generally currencies always trade well and the price always is the leading indicator so be sure to look for convincing clues and follow the lead.
Simple Forex Trading System Two: Your indicators are really your best friend. You must believe in what they are telling you 100 percent of the time with no exceptions. Analyze the clues that they are giving you and act upon them. Never second guess them.
Simple Forex Trading System Three: Always draw pivot points on your 15 minute chart with no exceptions.
Simple Forex Trading System Four: The area between never points is never the place to trade. The best trade are always made in and around the pivot points. Avoid all other areas at all costs. Simple Forex Trading System That Works
Simple Forex Trading System Five: After 2am New York time is the busiest time on the Forex market as it's when the major rallies for the Euro begins.
Simple Forex Trading System Six: If you are anxious to follow one signal that you have been given then by all means one signal is all you need. However, for a clearer signal and clue wait for more.
Simple Forex Trading System Seven: Always be aware for combinations of price patterns as well as obvious price patterns when looking for clues.
Simple Forex Trading System Eight: The most successful Forex traders only think one way, in one direction. If the trend is up then buy the dips and if the trend is down then sell the rallies. Forex trading does not need to be any more complicated than that
Foreign Exchange Rate Forecast 2010 - How Currency Exchange Rates Effect Global Business
The entire world's economic system depends upon the exchange rate. For this reason, it is very important you learn how it works. How the currency exchange rates effect global business is like a thermometer, it measures the health of global economics. Foreign Exchange Rate Forecast 2010
First, you must understand by definition what the exchange rate is. It is the value of one nation's currency in comparison to another or to put it another way, if you took one U.S. dollar to Canada, would you be able to buy more than one item at a Dollar Store or not even one item?
The laws of supply and demand dictate how the currency exchange rates effect global business with something called a floating exchange rate. A floating exchange rate means that currency values "float" or fluctuate depending on how much supply is being demanded from that country in comparison to the other country with which it is doing business. It is the global market that dictates which country's dollar is worth the most.
Governments can play a part in how the currency exchange rates affect global business as well. Many governments will put into place certain actions that will purposely devalue their own dollar. Why would they do this? It seems counterproductive, but actually it isn't. By deflating the value of their own dollar, that country will cause an increase in the demand for their supplies, kind of like when a store puts on a sale and attracts a crowd to their store. Foreign Exchange Rate Forecast 2010
A few years ago, a struggling Brazil did just that, they devalued their currency. As a result they attracted a plethora of foreign investors to their country. Many foreign businesses invested in Brazil's retail market, manufacturing companies, construction, tourism, banking, communication companies and many other industries boosting Brazil's economic system. Today, Brazil is benefiting by this sudden burst in its economy and the quality of life is greatly improving there.
Now you can see how the currency exchange rates effect global business becomes very important to world trade. All of these things have an effect on you. Your investment accounts, your 401K, even your own job are all affected by the global economy. Exchange rates are very important in determining which country, even which businesses globally will have the competitive advantage.
The law of supply and demand state that when prices are low, people buy, when they are high, they do not. The same works for world trade. If Japan can buy the same product for less from Germany than it can from the U.S., Japan will buy from Germany and the U.S. has just lost its competitive advantage.
The next time you consider taking a vacation to a foreign country, think about the exchange rate in a way that is more than just how much vacation will you be able to purchase. Think about whose country has the higher value in their currency, because now you know what it means to you.
First, you must understand by definition what the exchange rate is. It is the value of one nation's currency in comparison to another or to put it another way, if you took one U.S. dollar to Canada, would you be able to buy more than one item at a Dollar Store or not even one item?
The laws of supply and demand dictate how the currency exchange rates effect global business with something called a floating exchange rate. A floating exchange rate means that currency values "float" or fluctuate depending on how much supply is being demanded from that country in comparison to the other country with which it is doing business. It is the global market that dictates which country's dollar is worth the most.
Governments can play a part in how the currency exchange rates affect global business as well. Many governments will put into place certain actions that will purposely devalue their own dollar. Why would they do this? It seems counterproductive, but actually it isn't. By deflating the value of their own dollar, that country will cause an increase in the demand for their supplies, kind of like when a store puts on a sale and attracts a crowd to their store. Foreign Exchange Rate Forecast 2010
A few years ago, a struggling Brazil did just that, they devalued their currency. As a result they attracted a plethora of foreign investors to their country. Many foreign businesses invested in Brazil's retail market, manufacturing companies, construction, tourism, banking, communication companies and many other industries boosting Brazil's economic system. Today, Brazil is benefiting by this sudden burst in its economy and the quality of life is greatly improving there.
Now you can see how the currency exchange rates effect global business becomes very important to world trade. All of these things have an effect on you. Your investment accounts, your 401K, even your own job are all affected by the global economy. Exchange rates are very important in determining which country, even which businesses globally will have the competitive advantage.
The law of supply and demand state that when prices are low, people buy, when they are high, they do not. The same works for world trade. If Japan can buy the same product for less from Germany than it can from the U.S., Japan will buy from Germany and the U.S. has just lost its competitive advantage.
The next time you consider taking a vacation to a foreign country, think about the exchange rate in a way that is more than just how much vacation will you be able to purchase. Think about whose country has the higher value in their currency, because now you know what it means to you.
Forex Jobs In Singapore - Malaysian Ringgit and Singapore Dollar Updates
For those people who had been trading in the Malaysian Dollar (MYR) and Singapore Dollar (SGD) pair, the Malaysian Ringgit had made a mini-revival of sorts in recent weeks, rising as much as 5% against the Singapore dollar in Apr 2010.
While the MYR/ SGD pair had been fluctuating historically, the recent gains by the Ringgit seem to indicate that the Malaysian economy is gearing up in anticipation of new optimism.
And there were 3 main reasons why. Forex Jobs In Singapore
Firstly, we have stability in leadership. Prime Minister Najib had so far manage to keep Barisan National (BN) and UMNO cohesive while fending off challenges from PKR lead by Anwar. This confidence forms the foundation of Malaysia economy and stabilises the MYR.
Secondly, we have hope in Malaysia - the one Malaysia vision, Iskandar Malaysia as well as commitment by the government to improve - improve security, infrastructure and even remove corruption. There is a general feel-good atmosphere.
Finally, Singaporeans continue to spend in Malaysia, especially Johor Bahru. With that, it is natural for Singapore dollar to depreciate against the Malaysian Ringgit.
Currently, the MYR trades against the SGD at 1 SGD = 2.30 MYR. 3 months back in Feb 2010, the exchange rate was 1 Singapore Dollar compared against 2.47 Malaysian Ringgit, the highest level in years.
Forex traders were long on the Malaysian Ringgit are now smiling widely than ever. As the saying goes, Malaysia Boleh! Or maybe, Malaysian Ringgit boleh as well! Things certainly look bright for Malaysia ahead!
While the MYR/ SGD pair had been fluctuating historically, the recent gains by the Ringgit seem to indicate that the Malaysian economy is gearing up in anticipation of new optimism.
And there were 3 main reasons why. Forex Jobs In Singapore
Firstly, we have stability in leadership. Prime Minister Najib had so far manage to keep Barisan National (BN) and UMNO cohesive while fending off challenges from PKR lead by Anwar. This confidence forms the foundation of Malaysia economy and stabilises the MYR.
Secondly, we have hope in Malaysia - the one Malaysia vision, Iskandar Malaysia as well as commitment by the government to improve - improve security, infrastructure and even remove corruption. There is a general feel-good atmosphere.
Finally, Singaporeans continue to spend in Malaysia, especially Johor Bahru. With that, it is natural for Singapore dollar to depreciate against the Malaysian Ringgit.
Currently, the MYR trades against the SGD at 1 SGD = 2.30 MYR. 3 months back in Feb 2010, the exchange rate was 1 Singapore Dollar compared against 2.47 Malaysian Ringgit, the highest level in years.
Forex traders were long on the Malaysian Ringgit are now smiling widely than ever. As the saying goes, Malaysia Boleh! Or maybe, Malaysian Ringgit boleh as well! Things certainly look bright for Malaysia ahead!
Forex Consultants In India - India As a Favoured Investment Destination
With a robust growth in core sector, Business Confidence Index (BCI) up 1.5 points, India's FY11 GDP seen at 8.2 per cent are all indicators that India is emerging as one of the most potential investment destinations in the world. Also, India will have a larger say in the affairs of the World Bank as it has become the seventh largest shareholder in the multilateral lender with 2.91 per cent voting rights.
From overseas Indian investors to software giants to telecom biggies Nokia and Samsung to auto majors Honda and Toyota, global players are now eyeing India as the most attractive destination for doing business in India, and are planning aggressive investment strategies to this effect. The last quarter (Jan-March 2010) alone witnessed a sudden surge in exports, forex reserves and so on.
Middle-market private equity firm Olympus Capital Holdings Asia is betting big on the clean technology space in India, a market with seemingly insatiable energy demand. Olympus has a US$-250 million regional environment fund. "About 40-50% of this fund would be invested in India," said Frederick J. Long, founding managing director of Olympus Capital. Top Japanese consultants, including Mitsubishi, Nikken Sekkei and IBM Japan, have joined hands with three state governments and the Delhi-Mumbai Industrial Corridor Development Corporation (DMIDC) to develop eco-friendly infrastructure for new cities planned in the US$ 90-billion Delhi-Mumbai Industrial Corridor (DMIC). Forex Consultants In India
Several reports and surveys by various industry bodies have conveyed drastic improvements across sectors. According to the recently released data by Dow Jones Venture Source, investment in India by global venture capitalists in Indian companies more than doubled to US$ 259 million during the first quarter of 2010, with business and financial services firms accounting for a major chunk. Also, a new report by PricewaterhouseCoopers (PwC) on emerging MNCs conveys that India is expected to produce the highest number of new multinational companies (MNCs). Over 2,200 Indian companies are likely to open operations outside the country over the next 15 years.
The month of April also witnessed India Inc's merger and acquisition (M&A) deal activity picking up and touching US$ 1.74 billion totalling the M&A kitty so far this year to US$ 21 billion. Forex Consultants In India
Telecom companies also are boosting their investment strategies in India. For example, forging ahead with its expansion plans in the country, India's second largest consumer durables brand, Samsung India, after inaugurating three new air conditioner production lines at Noida and Chennai plants, is coming up with a new plant for refrigerators in Chennai by August.
The automobile sector is also slated to witness a lot of action with foreign car makers driving to India. BMW, the German luxury car major launched four new variants of the 5-Series sedan, priced between Rs 38.9 lakh and Rs 45.9 lakh. The general insurance industry too recorded 13.4 per cent growth in gross premium collected during the last financial year. The industry collected gross premium of Rs 34,627 crore in 2009-10 compared with Rs 30,528 crore in 2008-09.
Investment is pouring in into other industry sectors too as the Indian economy fundamentals remain robust and perfect for global investors to make the most of potential business investment opportunities. Forex Consultants In India
From overseas Indian investors to software giants to telecom biggies Nokia and Samsung to auto majors Honda and Toyota, global players are now eyeing India as the most attractive destination for doing business in India, and are planning aggressive investment strategies to this effect. The last quarter (Jan-March 2010) alone witnessed a sudden surge in exports, forex reserves and so on.
Middle-market private equity firm Olympus Capital Holdings Asia is betting big on the clean technology space in India, a market with seemingly insatiable energy demand. Olympus has a US$-250 million regional environment fund. "About 40-50% of this fund would be invested in India," said Frederick J. Long, founding managing director of Olympus Capital. Top Japanese consultants, including Mitsubishi, Nikken Sekkei and IBM Japan, have joined hands with three state governments and the Delhi-Mumbai Industrial Corridor Development Corporation (DMIDC) to develop eco-friendly infrastructure for new cities planned in the US$ 90-billion Delhi-Mumbai Industrial Corridor (DMIC). Forex Consultants In India
Several reports and surveys by various industry bodies have conveyed drastic improvements across sectors. According to the recently released data by Dow Jones Venture Source, investment in India by global venture capitalists in Indian companies more than doubled to US$ 259 million during the first quarter of 2010, with business and financial services firms accounting for a major chunk. Also, a new report by PricewaterhouseCoopers (PwC) on emerging MNCs conveys that India is expected to produce the highest number of new multinational companies (MNCs). Over 2,200 Indian companies are likely to open operations outside the country over the next 15 years.
The month of April also witnessed India Inc's merger and acquisition (M&A) deal activity picking up and touching US$ 1.74 billion totalling the M&A kitty so far this year to US$ 21 billion. Forex Consultants In India
Telecom companies also are boosting their investment strategies in India. For example, forging ahead with its expansion plans in the country, India's second largest consumer durables brand, Samsung India, after inaugurating three new air conditioner production lines at Noida and Chennai plants, is coming up with a new plant for refrigerators in Chennai by August.
The automobile sector is also slated to witness a lot of action with foreign car makers driving to India. BMW, the German luxury car major launched four new variants of the 5-Series sedan, priced between Rs 38.9 lakh and Rs 45.9 lakh. The general insurance industry too recorded 13.4 per cent growth in gross premium collected during the last financial year. The industry collected gross premium of Rs 34,627 crore in 2009-10 compared with Rs 30,528 crore in 2008-09.
Investment is pouring in into other industry sectors too as the Indian economy fundamentals remain robust and perfect for global investors to make the most of potential business investment opportunities. Forex Consultants In India
Forex Commentary - Predictions + Commentary For The 2010 Financial Markets
We're BACK! I pray everyone had a decent Holiday... This year should be a great trading year and we serves to be putting in more content, other trades, more educational tips + advice and other helpful items as the year goes on. Forex Commentary
This week's report will be a special edition with our annual commentary intertwined with our weekly commentary below.
S&P 500 / DOW / NASDAQ: As we look at the rise off the bottom from the lows of March 2009, a period of pullback/profit taking will be coming. There is no way that the equity market can fundamentally keep going higher without a healthy profit taking pullback. We find it quite amazing that the market has managed to rise even though the country has had all the turmoil in the economy that the U.S. has seen over the past 18 months or so - perhaps a buy the rumor and sell the news situation??? Perhaps all the sellers left and only buyers with itchy fingers and wads of cash in their pocket were left hanging around...who knows... time will tell - it always does.
We do think that we have seen the bottom in the overall Stock Market from the lows of March of 2009 and that the economy will improve from the misery that we saw in 2008 + 2009 and perhaps the market reacted to that, however the market cannot continue its huge move higher without a major pause or a bubble larger than the one that developed 10 years ago will be put in place - which will end badly for the bullish cause. Keep in mind that the DOW moved about 4000 points in about 9 months. Forex Commentary
With that being said, how would we handle this? On a short-term trading program - we would ride the Bull Train until the Bull shows us that he has no more horns left, however... we will take profits quicker than normal on our bullish plays and use relatively tighter stop losses. We wouldn't commit hugely to any long term bull trend setups. On a long term portfolio situation - we would start to move off any margin in our long term portfolios (starting now) and we would take profits on any "iffy" stocks or equity investments if we were in them. We then would seriously consider buying put options that would cover/help protect our total portfolio on any major weekly bearish signals/setups that showed up on the charts. If the weekly bearish setups start to form a solid bear setup on the monthly charts we would start going to cash (not to 100% cash but do some "healthy trimming down) with continued protection from put options (or the equivalent derivative trade). We aren't talking a total capitulation as we don't think 2010 will be a total bear year and we would not be shocked if we ended the year marginally higher but the RISK is there AND there is a decent chance that the market will pullback some time in the 1st qtr and linger all year on the bearish side of things. Always want to have financial freedom? Check out Forex Commentary Program. It'll change your Life Forever!
This week's report will be a special edition with our annual commentary intertwined with our weekly commentary below.
S&P 500 / DOW / NASDAQ: As we look at the rise off the bottom from the lows of March 2009, a period of pullback/profit taking will be coming. There is no way that the equity market can fundamentally keep going higher without a healthy profit taking pullback. We find it quite amazing that the market has managed to rise even though the country has had all the turmoil in the economy that the U.S. has seen over the past 18 months or so - perhaps a buy the rumor and sell the news situation??? Perhaps all the sellers left and only buyers with itchy fingers and wads of cash in their pocket were left hanging around...who knows... time will tell - it always does.
We do think that we have seen the bottom in the overall Stock Market from the lows of March of 2009 and that the economy will improve from the misery that we saw in 2008 + 2009 and perhaps the market reacted to that, however the market cannot continue its huge move higher without a major pause or a bubble larger than the one that developed 10 years ago will be put in place - which will end badly for the bullish cause. Keep in mind that the DOW moved about 4000 points in about 9 months. Forex Commentary
With that being said, how would we handle this? On a short-term trading program - we would ride the Bull Train until the Bull shows us that he has no more horns left, however... we will take profits quicker than normal on our bullish plays and use relatively tighter stop losses. We wouldn't commit hugely to any long term bull trend setups. On a long term portfolio situation - we would start to move off any margin in our long term portfolios (starting now) and we would take profits on any "iffy" stocks or equity investments if we were in them. We then would seriously consider buying put options that would cover/help protect our total portfolio on any major weekly bearish signals/setups that showed up on the charts. If the weekly bearish setups start to form a solid bear setup on the monthly charts we would start going to cash (not to 100% cash but do some "healthy trimming down) with continued protection from put options (or the equivalent derivative trade). We aren't talking a total capitulation as we don't think 2010 will be a total bear year and we would not be shocked if we ended the year marginally higher but the RISK is there AND there is a decent chance that the market will pullback some time in the 1st qtr and linger all year on the bearish side of things. Always want to have financial freedom? Check out Forex Commentary Program. It'll change your Life Forever!
Lowest Pip Spread Forex - Trading With a Low 2 Pip Spread Forex Broker
Spread is one of the most important concepts in forex trading. It is the difference between the bid and asking price. While trading forex, you will note that there will be a difference between the current value of the currency and what you pay for it.
That is where the forex brokers make their profit. Let us assume that the current EUR/USD price is 1.27237 and your forex broker offering you a 2 pip (percentage in point) spread, then you will pay 1.2739 when you buy. The higher the spread, the higher you pay while buying and the lower you get on selling.
Generally, the spread is lower in popular currencies like EUR/USD, USD/JPY, EUR/JPY etc. You will find many brokers who would offer a 2 pip spread for these currencies. But there are few equally important factors like speed of execution of orders and the value the order which can really help you in enjoying the advantages of low pips.
Going from a 3-pip spread to a 2-pip spread may sound small, and going from a 2-pip spread to a 1.8-pip spread may seem even less significant. But for both the cases the impact on profitability can be huge. Therefore a forex 2 pip spread sounds perfect in a fast moving financial market like forex. Lowest Pip Spread Forex
An online spread calculator may prove to be useful in quantifying and comparing the impact of different spreads. You will have to key in few parameters like trading activity (deals per day, per week, per month, per year), average deal leverage, account equity, current spread in pips, and the calculator will find out the actual spread you are receiving.
If a broker is offering a spread as low as 1 pip, be cautious. As most of the brokers do not charge a commission, it the spread they use to make their money. In a 1 pip spread, there is very little scope for him to make profit.
It may so happen that they are quoting you a price, which is inaccurate. For example, the price is at 1.2000/1.2003. But the broker is quoting you 1.2002/1.2003. So, you go long at 1.2003. On the other hand, if the price goes up to 1.2007/1.2010 and you are quoted 1.2009/1.2010, you may decide to exit. But you get filled at 1.2007, the real price, instead of 1.2009.
So what is more important to you is not a forex 2 pip spread but an honest small spread broker who will pay you the spread he quotes. Make sure there is no slippage or requites. The broker must be regulated and must have proof of past success rates.
That is where the forex brokers make their profit. Let us assume that the current EUR/USD price is 1.27237 and your forex broker offering you a 2 pip (percentage in point) spread, then you will pay 1.2739 when you buy. The higher the spread, the higher you pay while buying and the lower you get on selling.
Generally, the spread is lower in popular currencies like EUR/USD, USD/JPY, EUR/JPY etc. You will find many brokers who would offer a 2 pip spread for these currencies. But there are few equally important factors like speed of execution of orders and the value the order which can really help you in enjoying the advantages of low pips.
Going from a 3-pip spread to a 2-pip spread may sound small, and going from a 2-pip spread to a 1.8-pip spread may seem even less significant. But for both the cases the impact on profitability can be huge. Therefore a forex 2 pip spread sounds perfect in a fast moving financial market like forex. Lowest Pip Spread Forex
An online spread calculator may prove to be useful in quantifying and comparing the impact of different spreads. You will have to key in few parameters like trading activity (deals per day, per week, per month, per year), average deal leverage, account equity, current spread in pips, and the calculator will find out the actual spread you are receiving.
If a broker is offering a spread as low as 1 pip, be cautious. As most of the brokers do not charge a commission, it the spread they use to make their money. In a 1 pip spread, there is very little scope for him to make profit.
It may so happen that they are quoting you a price, which is inaccurate. For example, the price is at 1.2000/1.2003. But the broker is quoting you 1.2002/1.2003. So, you go long at 1.2003. On the other hand, if the price goes up to 1.2007/1.2010 and you are quoted 1.2009/1.2010, you may decide to exit. But you get filled at 1.2007, the real price, instead of 1.2009.
So what is more important to you is not a forex 2 pip spread but an honest small spread broker who will pay you the spread he quotes. Make sure there is no slippage or requites. The broker must be regulated and must have proof of past success rates.
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