Hello,
I just had to let everyone know that my account is up over 70% this month.
If you want the same results watch the video and rake in the cash.
You have nothing to lose.
Saturday, September 26, 2009
Monday, February 23, 2009
You Don't Pay Commissions In Forex Trading
The Foreign Exchange market is the largest financial market in the world. In the US alone, it has a daily trading volumes of $1.2 trillion dollars, which outshines the stock, bond, and other commodity markets. But just what is currency trading or Forex trading, as it is more commonly known?
Forex trading is where you will buy one currency and sell another, or it may be a combination of a few different currencies in total. Your trading involves matching one currency against another. That is, you buy the Euro hoping it will rise against the U.S. Dollar. Which also means you hope the U.S. Dollar will fall against the value of the Euro. This does not mean you wish the U.S. Dollar bad tidings, it is just you are trading using economic information about the two currencies. You can do the same for the Swiss franc against the Japanese yen. Most people probably call this form of trading speculation. But consider that some individuals and groups make millions of dollars daily using the techniques available for trading in currencies.
You would usually do Forex trading using a margin. This means you leave a small deposit with your broker and can trade for many times the value of your deposit. For example, let's say you want to open a trade matching two currencies, and you want to trade for $5,000. You can make a deposit of $50 with your broker, and stand to gain much more than the $50 after you close the trade. You benefit from not using your own money but earning a tidy profit. Of course, you could lose on the trade, but your losses, would be no more than your deposit if you took the necessary precaution to exit the trade once you reached your margin.
You still need a broker as you do in the other markets. With Forex, your broker will open an account for you to make your trades. Different brokers stipulate different amounts you should deposit to your account. Some ask for just $50 to open an account, but you wouldn't trade much on such a small amount. Most brokers set margin at 3-5%, so if you want to open a trade for $10,000 you will need to have on deposit $300-$500. The great thing about Forex trading is that you do not pay a commission on your trades. But don't cry for the market makers just yet. They manage to recover their expenses and profit on all your trades, by picking up the spread between the two currencies you trade. The spread is the difference between the bid and ask prices of the two currencies.
While you may look at Forex trading as pure speculation, you have to consider that to succeed you need to understand the nature of chance as it applies to the market. You may get up one morning to hear the U.S. Dollar dipped against the Euro because exports to Europe fell sharply for the third consecutive quarter. If you take this information without doing further research and decide to trade the Euro against the U.S. Dollar, you are speculating. However, you do not have any solid proof the dollar will continue to fall against the Euro. Successful traders don't only digest the financial news, they also use other tools to decide how to trade.
Forex trading is where you will buy one currency and sell another, or it may be a combination of a few different currencies in total. Your trading involves matching one currency against another. That is, you buy the Euro hoping it will rise against the U.S. Dollar. Which also means you hope the U.S. Dollar will fall against the value of the Euro. This does not mean you wish the U.S. Dollar bad tidings, it is just you are trading using economic information about the two currencies. You can do the same for the Swiss franc against the Japanese yen. Most people probably call this form of trading speculation. But consider that some individuals and groups make millions of dollars daily using the techniques available for trading in currencies.
You would usually do Forex trading using a margin. This means you leave a small deposit with your broker and can trade for many times the value of your deposit. For example, let's say you want to open a trade matching two currencies, and you want to trade for $5,000. You can make a deposit of $50 with your broker, and stand to gain much more than the $50 after you close the trade. You benefit from not using your own money but earning a tidy profit. Of course, you could lose on the trade, but your losses, would be no more than your deposit if you took the necessary precaution to exit the trade once you reached your margin.
You still need a broker as you do in the other markets. With Forex, your broker will open an account for you to make your trades. Different brokers stipulate different amounts you should deposit to your account. Some ask for just $50 to open an account, but you wouldn't trade much on such a small amount. Most brokers set margin at 3-5%, so if you want to open a trade for $10,000 you will need to have on deposit $300-$500. The great thing about Forex trading is that you do not pay a commission on your trades. But don't cry for the market makers just yet. They manage to recover their expenses and profit on all your trades, by picking up the spread between the two currencies you trade. The spread is the difference between the bid and ask prices of the two currencies.
While you may look at Forex trading as pure speculation, you have to consider that to succeed you need to understand the nature of chance as it applies to the market. You may get up one morning to hear the U.S. Dollar dipped against the Euro because exports to Europe fell sharply for the third consecutive quarter. If you take this information without doing further research and decide to trade the Euro against the U.S. Dollar, you are speculating. However, you do not have any solid proof the dollar will continue to fall against the Euro. Successful traders don't only digest the financial news, they also use other tools to decide how to trade.
Saturday, February 21, 2009
Factors That Influence Forex Market Trends
The Foreign Exchange or Forex is the largest market today for stock trading, and it is continually growing with more and more people investing in it. However, as promising as this market may be when it comes to profit, like any other trade it can be very volatile as well.
It is therefore important to be familiar with certain factors that influence trends in the Forex market if you are decided in joining this arena. After all, acquainting yourself with the many scenarios that can cause currencies to go up or down can help you a lot in making decisions for when to buy or sell.
There are basically three major factors that affect the Foreign Exchange –a country’s economy, political conditions and market psychology.
Economy
Economic factors are the most basic things that create changes in a country’s currency. When such economic conditions as a budget deficit or surplus is present within a country, there will surely be reactions in the market and values will be reflected on currencies. Other conditions may also include inflation trends, and the general economic growth of the country.
The more prosperous a country’s economy is, the more investors will be able to adhere to doing trade in a more positive attitude. Such indicators as a growth in a nation’s gross domestic product (GDP), employment levels and retail sales among others will basically attract more investors and that nation’s currency value will likely go up.
Political Conditions
Another very important factor that influence trends in Forex, are the conditions of a country’s political sector. This is because political instability or turmoil can generally create negative fluctuations to an economy. But if such instances occur wherein a country may rise above political obstacles, the opposite may occur and the economy may improve.
Events in a region can surely create negative or positive interest among investors for a nation’s currency. And so, such conditions surely influence the trends for demands and prices of a certain currency.
Market Psychology
Of course, the perception of traders and investors will greatly influence the Foreign Exchange market in so many ways. After all, the market is highly dependent on whether or not people would want to invest on a country’s economy in order to determine whether currency prices will go up or down.
For example, such conditions wherein unsettling international events may happen, then under the “flight of quality” rule, people would generally want to look for a safe haven for their investments. Whenever there is a greater demand for a certain country’s economy, then a higher price will be given to buyers and the currency’s value will go up and become stronger.
Other events that contribute to traders’ perceptions may be long-term trends where people invest based on what they have seen for a long period and time, and even economic numbers where people may base their investments depending on what numbers show a greater value.
The market in Foreign Exchange is often unpredictable and fluctuating. Therefore if you are interested in doing trades in this market, make sure that you take the time to be knowledgeable about good strategies that can help you play the game.
But more importantly, keep in updating yourself with the different economic trends in the international scene. After all, this currency market would greatly revolve upon events that would occur in the different countries. Familiarizing yourself with the factors that affect the Forex will surely help you make better decisions.
It is therefore important to be familiar with certain factors that influence trends in the Forex market if you are decided in joining this arena. After all, acquainting yourself with the many scenarios that can cause currencies to go up or down can help you a lot in making decisions for when to buy or sell.
There are basically three major factors that affect the Foreign Exchange –a country’s economy, political conditions and market psychology.
Economy
Economic factors are the most basic things that create changes in a country’s currency. When such economic conditions as a budget deficit or surplus is present within a country, there will surely be reactions in the market and values will be reflected on currencies. Other conditions may also include inflation trends, and the general economic growth of the country.
The more prosperous a country’s economy is, the more investors will be able to adhere to doing trade in a more positive attitude. Such indicators as a growth in a nation’s gross domestic product (GDP), employment levels and retail sales among others will basically attract more investors and that nation’s currency value will likely go up.
Political Conditions
Another very important factor that influence trends in Forex, are the conditions of a country’s political sector. This is because political instability or turmoil can generally create negative fluctuations to an economy. But if such instances occur wherein a country may rise above political obstacles, the opposite may occur and the economy may improve.
Events in a region can surely create negative or positive interest among investors for a nation’s currency. And so, such conditions surely influence the trends for demands and prices of a certain currency.
Market Psychology
Of course, the perception of traders and investors will greatly influence the Foreign Exchange market in so many ways. After all, the market is highly dependent on whether or not people would want to invest on a country’s economy in order to determine whether currency prices will go up or down.
For example, such conditions wherein unsettling international events may happen, then under the “flight of quality” rule, people would generally want to look for a safe haven for their investments. Whenever there is a greater demand for a certain country’s economy, then a higher price will be given to buyers and the currency’s value will go up and become stronger.
Other events that contribute to traders’ perceptions may be long-term trends where people invest based on what they have seen for a long period and time, and even economic numbers where people may base their investments depending on what numbers show a greater value.
The market in Foreign Exchange is often unpredictable and fluctuating. Therefore if you are interested in doing trades in this market, make sure that you take the time to be knowledgeable about good strategies that can help you play the game.
But more importantly, keep in updating yourself with the different economic trends in the international scene. After all, this currency market would greatly revolve upon events that would occur in the different countries. Familiarizing yourself with the factors that affect the Forex will surely help you make better decisions.
Friday, February 20, 2009
Forex Leading Indicators
Derived from the words "foreign exchange," Forex is the largest financial market in the world. A highly liquid, voluminous market based on no specific fixed exchange, the forex is traded through financial institutions, dealers, brokers, banks and, most recently, private individuals. An up-and-coming endeavor for the smaller, personal investor, the forex market has only recently become accessible to such traders. In the past, large, required deposits counted out the small investors. But with the advent of internet trading and growing competition within the market, this type of trading is easily accessible for the average investor. Innovations in technology (ie: Internet, 24-hour trading and a global economy) have made it easier than ever to monitor the market and trade when necessary, but without proper forex training and education, private investors run a dangerous road.
Forex trading indicators abound, aiding investors in their search for optimum trading times and investing opportunities. Countless amounts of time and energy can be spent studying the latest indicators for keys to success in the market.
The average true range indicator measures the volatility of a given forex trading market, where high values indicate that currency trading prices are changing a large amount during the day. Trading bands, such as Bollinger Bands, are among the most popular technical indicators on the market today. In essence, they are lines drawn at certain intervals around a central moving average. They vary in distance from the moving average, once again based on volatility. Another widely used indicator, the Commodity Channel Index, determines how far the current price has been from the average price. High values translate to several days with higher than average prices, and vice versa for low values. But other expert forex investor says indicators might not be the ultimate key to success trading on this market. These traders state that although indicators are the buzz word today new traders should keep in mind that if there was a way to figure out the market, there would be no market. In other words, instead of trying to solve the market, you should approach trading with the correct mindset. How can I get involved, survive and then ultimately take a profit? These traders also say that the ultimate trading indicator, is simply put: price. All other indicators should follow. Success can only be obtained on the forex through proper training, practice, implementation of knowledge learned and repeating those steps consistently, he concluded.
With correct training and implementation of correct indicators, trading the forex can be ideal for private investors on many levels. First, it is easy to exchange most currencies based on the enormity of the market. Second, volatility of the market leads to large profits in a very short time. While this is a dangerous investment without a thorough understanding of the market, proper forex training will put any investor in the profit margin. Third, 24-hour-a-day trading, five days a week allows constant access to the forex via telephone, Internet or a broker.
Forex trading indicators abound, aiding investors in their search for optimum trading times and investing opportunities. Countless amounts of time and energy can be spent studying the latest indicators for keys to success in the market.
The average true range indicator measures the volatility of a given forex trading market, where high values indicate that currency trading prices are changing a large amount during the day. Trading bands, such as Bollinger Bands, are among the most popular technical indicators on the market today. In essence, they are lines drawn at certain intervals around a central moving average. They vary in distance from the moving average, once again based on volatility. Another widely used indicator, the Commodity Channel Index, determines how far the current price has been from the average price. High values translate to several days with higher than average prices, and vice versa for low values. But other expert forex investor says indicators might not be the ultimate key to success trading on this market. These traders state that although indicators are the buzz word today new traders should keep in mind that if there was a way to figure out the market, there would be no market. In other words, instead of trying to solve the market, you should approach trading with the correct mindset. How can I get involved, survive and then ultimately take a profit? These traders also say that the ultimate trading indicator, is simply put: price. All other indicators should follow. Success can only be obtained on the forex through proper training, practice, implementation of knowledge learned and repeating those steps consistently, he concluded.
With correct training and implementation of correct indicators, trading the forex can be ideal for private investors on many levels. First, it is easy to exchange most currencies based on the enormity of the market. Second, volatility of the market leads to large profits in a very short time. While this is a dangerous investment without a thorough understanding of the market, proper forex training will put any investor in the profit margin. Third, 24-hour-a-day trading, five days a week allows constant access to the forex via telephone, Internet or a broker.
Thursday, February 19, 2009
Introduction To Forex Trading
If you are just starting out in the stock trading business or if you are already in it, you may have heard the term Forex trading quite a few times, but you probably might not have a clue on what it may actually mean.
Forex or foreign exchange trading is actually the largest and a fast-rising financial industry in stock trading these days. Here is a quick introduction to trading in foreign exchange.
What Is Forex Trading?
The Foreign Exchange market (Forex) is actually the largest financial market in the world. It actually makes a volume of over 2 trillion U.S. dollars a day, and as compared to its counterpart –the New York Stock Exchange (NYSE) which usually only trades a volume of 25 billion dollars each day, this industry is so huge that it becomes a profitable playground for many investors including central banks, large banks, multinational companies and even governments.
What is actually traded on the foreign exchange is money. It actually consists of the concurrent buying and selling of currencies, which are traded through brokers and are traded in pairs.
When you are buying currency, it is like you are investing on the economy of a particular country. For example, if you buy U.S. dollars then it is as if you are buying a share of the U.S. economy. Whatever the market thinks about the current health of a country’s economy would directly be reflected on the price of its legal tender and this is how currencies go up or down.
Forex Trading For The Masses
Originally the whole concept of trading in the Foreign Exchange was only intended for huge companies and banks, but not for normal citizens. After all, you could only take part in the trade if you have around ten to fifty million dollars minimum.
However, with the rise of globalization through the Internet, trading is now offered to retail traders. And these days, almost anyone can now invest on the foreign trade. All you really need to join is some small amount of money, a computer and a high-speed Internet connection, and you can sign up for an account with online Forex trading firms.
There is no exact physical office for Foreign Exchange unlike its counterpart in New York. However, the three main centers for this trade are United States, United Kingdom and Japan. These countries handle majority of Forex transactions and trades goes on for 24 hours everyday.
Today, the Foreign Exchange, as the largest market in the world, is fast paced and enormous. And it has become a very lucrative arena for many traders who may have had participated in stock trading and in other markets. Many large institutions and even smaller-based individuals have gone out to play in this market.
Although this particular market gives huge promises, remember that there is still too much at stake. It is estimated that around 70 to 90 percent of the Foreign Exchange market is still speculative. And the parties that trade currencies may not always have a plan to actually take delivery of the said currency, and more are still speculating on movement of money.
If you are interested in investing in this particular arena, take time to be familiar with the game and make sure you get the right educational background. Taking the extra mile will all be worth it, and once you have tasted your success in this arena, you will be ready to take on anything in trading.
Forex or foreign exchange trading is actually the largest and a fast-rising financial industry in stock trading these days. Here is a quick introduction to trading in foreign exchange.
What Is Forex Trading?
The Foreign Exchange market (Forex) is actually the largest financial market in the world. It actually makes a volume of over 2 trillion U.S. dollars a day, and as compared to its counterpart –the New York Stock Exchange (NYSE) which usually only trades a volume of 25 billion dollars each day, this industry is so huge that it becomes a profitable playground for many investors including central banks, large banks, multinational companies and even governments.
What is actually traded on the foreign exchange is money. It actually consists of the concurrent buying and selling of currencies, which are traded through brokers and are traded in pairs.
When you are buying currency, it is like you are investing on the economy of a particular country. For example, if you buy U.S. dollars then it is as if you are buying a share of the U.S. economy. Whatever the market thinks about the current health of a country’s economy would directly be reflected on the price of its legal tender and this is how currencies go up or down.
Forex Trading For The Masses
Originally the whole concept of trading in the Foreign Exchange was only intended for huge companies and banks, but not for normal citizens. After all, you could only take part in the trade if you have around ten to fifty million dollars minimum.
However, with the rise of globalization through the Internet, trading is now offered to retail traders. And these days, almost anyone can now invest on the foreign trade. All you really need to join is some small amount of money, a computer and a high-speed Internet connection, and you can sign up for an account with online Forex trading firms.
There is no exact physical office for Foreign Exchange unlike its counterpart in New York. However, the three main centers for this trade are United States, United Kingdom and Japan. These countries handle majority of Forex transactions and trades goes on for 24 hours everyday.
Today, the Foreign Exchange, as the largest market in the world, is fast paced and enormous. And it has become a very lucrative arena for many traders who may have had participated in stock trading and in other markets. Many large institutions and even smaller-based individuals have gone out to play in this market.
Although this particular market gives huge promises, remember that there is still too much at stake. It is estimated that around 70 to 90 percent of the Foreign Exchange market is still speculative. And the parties that trade currencies may not always have a plan to actually take delivery of the said currency, and more are still speculating on movement of money.
If you are interested in investing in this particular arena, take time to be familiar with the game and make sure you get the right educational background. Taking the extra mile will all be worth it, and once you have tasted your success in this arena, you will be ready to take on anything in trading.
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