Showing posts with label Forex trading market. Show all posts
Showing posts with label Forex trading market. Show all posts
Investor Brain: Online Currency-Trading Sites Multiply.
Online Currency-Trading Sites Multiply
IF YOU LIKE TRADING ON VOLATILITY, THERE IS nothing quite like the forex market.
It is open 24 hours a day, five days a week, and the players range from global banks to individuals. The daily volume is well over $3 trillion, according to the Bank for International Settlements. Despite its gargantuan size, the market isn’t tightly regulated, and traders can use lots of leverage, which poses benefits and dangers. There is no central exchange; the market moves from one country to another. As Tokyo is closing, for example, London is opening.
Among the 25 firms we evaluated for our annual Best Online Broker review, published on March 16, E*Trade, Interactive Brokers, MB Trading, thinkorswim and TradeStation all come with some kind of built-in forex- trading system. OptionsXpress and TradeKing have enabled currency futures trading, and customers of SiebertNet can place forex trades through a live broker.
Last week, Zecco (http://www.zecco.com) announced it is partnering with the forex trading firm GAIN Capital (http://www.gaincapital.com) to launch Zecco Forex. “Today’s volatile forex markets have created an attractive and complementary opportunity for our investors,” said Jeroen Veth, CEO of Zecco Holdings. “Zecco Forex provides them access to another asset class where they can make trades independent of overall equity-market direction.”
ZECCO’S FOREX OFFERING (http://www.zecco.com/forex) is a separate legal entity from its regular platform, so customers must sign up for a separate account. In time, however, the firm plans to integrate the two platforms into a single display, but that isn’t likely to happen until next year, according to Zecco spokesman Gabriel Dalporto.
When you arrive at Zecco’s forex site, you will find some educational content, as well as an opportunity to sign up for a practice account with $50,000 to start. The practice account lets you play with the analytical tools in the GAIN Capital platform and gives you a feel for how forex trading works. The account includes real-time quotes and charts, along with all the trading tools and information available to Zecco Forex customers. These tools include single and contingent order types, a real-time newsfeed and market commentary, plus daily and weekly research.
Should you decide to take the leap to trading with your own money, you can sign up for either a mini account, with a minimum deposit of $250, or a standard account, with $2,500. Those who deposit $10,000 or more can use a more advanced trading platform. The Java-based downloadable trading platform, ForexTrader Desktop, runs only on Windows, while the more advanced ForexTrader Web can be used by those with Macs and the Safari browser.
Most forex brokers don’t charge explicit commissions; they tack on a fee to the price paid for the trade. Zecco’s spreads are in line with what most of its rivals charge; a list can be found at http://www.zecco.com/forex/trade-pricing.html.
A key component of forex trading is leverage. Yes, stock and option traders can employ leverage by trading on margin. But their use of margin is minuscule, compared with that often found in foreign-exchange trades. You can utilize leverage of as much as 200 times the size of your account, so with just $500, you can hold $100,000 of currencies. With high leverage, however, comes much greater risk. It is imperative to stay on top of all your open transactions to avoid a huge margin call. Failure to use leverage prudently can be disastrous, as Lehman Brothers, Bear Stearns and thousands of no-down-payment home buyers found out.
Zecco Forex’s offering lets customers trade in 37 currency pairs, though most of the action is in just a few currencies (primarily the U.S. dollar, Japanese yen, euro and British pound). The Zecco community is starting to see action in its newly launched Forex section, so you can discuss your strategies with other traders.
FIDELITY’S FIXED-INCOME AUTO-ROLL program (http://www.fidelity.com) went live at the end of March. It allows customers to automatically reinvest the principal of their matured new-issue U.S. Treasury bills, notes and FDIC-insured certificates of deposit into similar new-issue instruments. The goal is to make it easier for customers to remain fully invested and leave less cash on the sidelines.
The Auto Roll Program’s methodology takes into consideration the original instrument’s security type, size, term to maturity and coupon frequency when locating a new purchase. Customers can verify that the pending trade matches their objectives through a Fidelity e-mail alert. If they decide not to reinvest, there is an option to cancel the trade.
Auto Roll is available for new-issue Treasuries and certificates of deposit with a term to maturity of five years or less. If a Treasury or CD that matches the original investment isn’t found, Fidelity will alert the customer and move the principal of the mature instrument to the default cash position in his or her brokerage account.
NOTES ON SWITCHING ACCOUNTS: In response to our March 23 “How To Switch Brokers Painlessly” column, Steve Sanders, vice president at Interactive Brokers (http://www.interactivebrokers.com), tells us that there is a sister system to the Automated Customer-Account Transfer System, or ACAT, used by many firms. Called the Currency and Banking Retrieval System, it passes lot and cost-basis information from one broker to another. Adds Sanders: “It is up to the discretion of the broker to use this system. [Interactive Brokers] makes full use of this system, whenever the ACAT transfer broker also makes use of this system.”
STOCK MARKET TRADING.
CHARITY DONOR.
GET PAID.
NOTES ON SWITCHING ACCOUNTS: In response to our March 23 “How To Switch Brokers Painlessly” column, Steve Sanders, vice president at Interactive Brokers (http://www.interactivebrokers.com), tells us that there is a sister system to the Automated Customer-Account Transfer System, or ACAT, used by many firms. Called the Currency and Banking Retrieval System, it passes lot and cost-basis information from one broker to another. Adds Sanders: “It is up to the discretion of the broker to use this system. [Interactive Brokers] makes full use of this system, whenever the ACAT transfer broker also makes use of this system.”
STOCK MARKET TRADING.
CHARITY DONOR.
GET PAID.
Things you need to Stop doing if you need to be Successful.
THINGS YOU NEED TO STOP DOING IF YOU NEED TO BE SUCCESSFUL.
Success means something different to every person:like beauty, It exits in the eye of the beholder. It is your responsibility to determine what success means for you, and how you go about breeding success in your life.
Despite this, there are definitely hindrances to success.These drawbacks are ubiquitous in their ability to deter your success. But don't fret because if you seek success ,and your fear your action are blocking your desire for success, you have the power and control to overcome the following OBSTACLES.
MAKING EXCUSE :
Stop blaming other people for why you don't get what you want. Stop refusing to accept responsibility for your mistakes.You make your own choices and you make your own mistakes.In general, stop justifying your poor choices and stop attributing your lack of success to thing outside of your control . Successful people don't do this. You are going to err. You are going to fail. Do not waste time looking externally when there is many opportunities you can explore through the Internet. Make money online is how to make money fast online. From the Forex trading market, stock trading market, blogging for income, home based business opportunity, there friends, you have many ways to make money online.
Do not waste time looking externally by creating excuses for why you did not achieve success. Yes, there are negative circumstances in life that you do not have control over, but remember that there are many more positive in your life than negative. If you want to achieve success in your life then you need to concentrate on the good.
If You Want To Be Rich, Stop Focusing On Your Salary (Do This Instead)
If You Want To Be Rich, Stop Focusing On Your Salary (Do This Instead):How do the rich get richer?
Over the past four months I’ve gained a newfound understanding of self-worth.
I used to break down my money into two categories; salary and savings. The process was very simple. To make an income, I provided my time and skills in exchange for money. I would then keep a percentage of my bi-weekly paycheck for myself and put the rest of it into a savings account.
The truth is, that this is how you make good money. It’s not how you make great money.
In his New York Times bestseller The 4-Hour Workweek, Tim Ferris's explains why being the second-lowest paid person at his company persuaded him to start Brain-quicken LL C on the side and slowly build it up. This venture turned his 40k per year into 40k per month.
Had Ferris stayed complacent with his single source of revenue, and focused all of his energy on climbing the corporate ladder, he never would have become the entrepreneurial icon we know today.
The key to making more starts with a higher level understanding of wealth, and the two different ways we define :https://medium.com/swlh/if-you-want-to-be-rich-stop-focusing-on-your-salary-do-this-instead-b7fcb0afc485
What is the Economic Calendar and What is it For?
What is the Economic Calendar and What is it For?
Why is Economic Data Important for Traders?
Certain economic events and data will affect different markets and in different ways. Understanding the impact of this financial news can help a trader to definitely improve their trading results using fundamental analysis and better prepare them when they develop their trading strategies for independent financial success.
One example of how financial data can affect a market would be the release of GDP numbers from a country. For instance, when Canadian GDP numbers were better than expected, the Canadian dollar performed better in Forex markets against other currencies.
Another example of this would be profitability announcements from major oil companies, which are also in the Economic Calendar. In this case, good or bad news from oil majors can shift trading sentiment for Brent Oil. Secondary markets to oil can also be affected like any USD currency pair.
One last great example would be any economic news that indicates a coming recession for the U.S., major European country, or globally. In the event of this type of news, investors often will move their capital to Gold or even Bitcoin to help protect it from currency exchange losses. Recently, when the U.S. raised tariffs on China and the Yuan dropped in value, the price of Gold rose on the news.
The Best Kept secret Of Trading.
THE BEST KEPT SECRET OF TRADING.
Forex trading is not only about using appropriate strategies, but also about proper timing. Yes, it is true that the Forex market is open 24hrs a day but it is not always active. This means that while you can make money when the market is going down or up, you'll find it difficult to make a profit if the market hours as well as the best times of the day and the best days of the week to trade.
The Forex market has 3 major trading sessions: the Tokyo session, the London session and the US session. Between each session is a period when two sessions are open at the same time. For example, both the Tokyo and London sessions are open between 3AM-4 Am EST while the London and US markets are open from 8AM-12PM EST. These then are the busiest time for trading since traders who wish to purchase currency from another continent can do so.
Of all trading markets, London usually shows the most movement because it involves a number of countries such as UK, EU member countries and many other.
TO BE CONTINUED..
Forex trading is not only about using appropriate strategies, but also about proper timing. Yes, it is true that the Forex market is open 24hrs a day but it is not always active. This means that while you can make money when the market is going down or up, you'll find it difficult to make a profit if the market hours as well as the best times of the day and the best days of the week to trade.
The Forex market has 3 major trading sessions: the Tokyo session, the London session and the US session. Between each session is a period when two sessions are open at the same time. For example, both the Tokyo and London sessions are open between 3AM-4 Am EST while the London and US markets are open from 8AM-12PM EST. These then are the busiest time for trading since traders who wish to purchase currency from another continent can do so.
Of all trading markets, London usually shows the most movement because it involves a number of countries such as UK, EU member countries and many other.
TO BE CONTINUED..
Foreign Exchange Risks And Benefits.
FOREIGN EXCHANGE RISKS AND BENEFITS.
Although, making money in the Forex Trading Market is a must if you know "how to", so also are some risks. But, if you know "how to" it can be avoided. No one can actually determines or say categorically that there are more benefits in the market than the loss. It is true that the platform or the Forex brokerage platform, Forex trading signals, Forex trading strategies or trading trending could be of help, a good money management control seems to take the center stage.
This where a good money management idea came to play. There are a lot of books there, lectures, tutorials and many articles concerning the risks, as a trader you must be able to perfect your own trading plans so as to break even at all times. To assists you in making money from the Forex Trading Market, I not only found this tutorials of help to you but the site is a must visit for anybody or trader who takes trading the market very serious.
Do not forget to drop a comments so as to enabled me know how the message from the site is to you or as benefited to you. Find it here:
https://www.investopedia.com/university/forexmarket/
Although, making money in the Forex Trading Market is a must if you know "how to", so also are some risks. But, if you know "how to" it can be avoided. No one can actually determines or say categorically that there are more benefits in the market than the loss. It is true that the platform or the Forex brokerage platform, Forex trading signals, Forex trading strategies or trading trending could be of help, a good money management control seems to take the center stage.
This where a good money management idea came to play. There are a lot of books there, lectures, tutorials and many articles concerning the risks, as a trader you must be able to perfect your own trading plans so as to break even at all times. To assists you in making money from the Forex Trading Market, I not only found this tutorials of help to you but the site is a must visit for anybody or trader who takes trading the market very serious.
Do not forget to drop a comments so as to enabled me know how the message from the site is to you or as benefited to you. Find it here:
https://www.investopedia.com/university/forexmarket/
Money Management In Forex Trading : How to Risk Reward Ratio To Protect your Account in Forex Trading >
MONEY MANAGEMENT IN FOREX TRADING :HOW TO USE RISK REWARD RATIO TO PROTECT YOUR ACCOUNT IN FOREX TRADING .
Risk reward ratio is one of the tools a Forex trader needs to protect its account from losses .This simply allows you to calculate how much you intend to give away if the odds is against you compared to how much you intend to earn if they work in your favor . An example is a situation where you set up a stop loss of 10pips and a take profit of 20pips , giving you a risk reward ratio of 1:2. I have had the opportunity of monitoring some trader accounts to find out what exactly could happen to their accounts . I learnt that many trader always short changing them self because of fear . He places an order with a stop loss of 50pips and take profit of 5 or 10 pips .The reason some have given this type of trading decision has been that it would be easier for price to reach the take profit than to the stop loss .
But , instead of short changing yourself this way ,you can own a trading system or strategy that is good with definite market / price . If you are trading along with the trend , you stand a better chance of having a good risk reward ratio .My trading strategy often allows a risk reward ratio of 1:5 . This system is for news trading . If you are not a news trader , I will suggest you work out something that give you at least 1:1.5 or 1:2 risk -reward ratios. 1:3 may be way too much for a technical trading system . With a good risk reward-ratio, you can make up of any lapses your trading system might have .
For example if you spot 10 trading opportunities in a week trading only news events , and happen to loose 5 and win 5 which is 50:50 . With a risk reward ratio of 1:5 one of the system I use offered (assuming you risk 6pips on a trade ) 5 losses will equal 6x5=30pips. And with a Take profit of 30pips on the other 5 trades , you will have 30x5=150pips.
Net profit = 150 - 30 giving you 120pips .Find out what works best for you and protect your account .
http://www.onlinestocktradingmagazine.blogspot.com
Risk reward ratio is one of the tools a Forex trader needs to protect its account from losses .This simply allows you to calculate how much you intend to give away if the odds is against you compared to how much you intend to earn if they work in your favor . An example is a situation where you set up a stop loss of 10pips and a take profit of 20pips , giving you a risk reward ratio of 1:2. I have had the opportunity of monitoring some trader accounts to find out what exactly could happen to their accounts . I learnt that many trader always short changing them self because of fear . He places an order with a stop loss of 50pips and take profit of 5 or 10 pips .The reason some have given this type of trading decision has been that it would be easier for price to reach the take profit than to the stop loss .
But , instead of short changing yourself this way ,you can own a trading system or strategy that is good with definite market / price . If you are trading along with the trend , you stand a better chance of having a good risk reward ratio .My trading strategy often allows a risk reward ratio of 1:5 . This system is for news trading . If you are not a news trader , I will suggest you work out something that give you at least 1:1.5 or 1:2 risk -reward ratios. 1:3 may be way too much for a technical trading system . With a good risk reward-ratio, you can make up of any lapses your trading system might have .
For example if you spot 10 trading opportunities in a week trading only news events , and happen to loose 5 and win 5 which is 50:50 . With a risk reward ratio of 1:5 one of the system I use offered (assuming you risk 6pips on a trade ) 5 losses will equal 6x5=30pips. And with a Take profit of 30pips on the other 5 trades , you will have 30x5=150pips.
Net profit = 150 - 30 giving you 120pips .Find out what works best for you and protect your account .
http://www.onlinestocktradingmagazine.blogspot.com
Money Management In Forex Trading Simplified : 4 Proven Ways To Conquer The Forex Tading Market .
MONEY MANAGEMENT IN FOREX TRADING SIMPLIFIED : 4 PROVEN WAYS TO
CONQUER THE FOREX TRADING MARKET .
This edition of the proven ways to conquer the Forex trading market as a money management tips in Forex trading will show you how anyone wanting to delve into FX trading will succeed without even been a professional trader .
1.CHOOSING A RIGHT BROKER : There are many Forex brokers on the Internet today but not all are reliable . So , one needs to do a proper due diligence on any broker one intends using for trading .I have researched and based on my experience what you should considered when next you are choosing a broker .
1.Licensing and regulation .
2.Location of the broker .
3.Customer support services .
4.Trading platform .
5.Low spreads .
6.Quality Institution .
7.Extensive Tools and Research .
8.Wide range leverage options .
9.Account types .
Check over and see if any of the above is missing in your choice . A good broker should be able to have a trading platform that will provide its customer with all the facilities needed for proper trading . The spread calculated in pips is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time .Forex brokers do not change a commission , so the difference is their profit which could be called commission . In comparing brokers you will find that the difference in spreads in Forex is as great as the difference in commissions in the stock arena . Lower spreads save you money . Find a broker who will offers you all what you need to succeed .
2.STOP LOSS ORDER : Here we consider the second rule which says we should not risk more than 3% -5% of our core equity in any single trade . Remember core equity means Equity capital minus used margin in trade . Core equity is the same as free margin . Assuming capital of $1,000 . If you decide you are going to trade with 0.50 lot size , this rules will guide you on where to place your stop loss . Let us now assume you have a brave hearth to risk and willing to risk 5% of your $1,000 which is $50 . The next question you need asked is that how many pips will give me $50 on 0.50 lot size . Let us do a little arithmetic to get this right . If you understand that 1 pip 0.10 equals $1 then 1pip in 0.50 lot size will give $5 . Hence , we divide $50 by $5 = 10pips . What this now means is that your stop loss should not exceed 10pips. So if you spot a trade that would not allow you a risk for stop loss of 10pips you will need to do the following .
Reduce your lot size , or skip the trade . But you really need to develop a good trading system that will enable you manage risk . rising not more than 3% on a mini account and not more than 2% on standard account seem to be a good money management system which I can advice you to follow .
CONQUER THE FOREX TRADING MARKET .
This edition of the proven ways to conquer the Forex trading market as a money management tips in Forex trading will show you how anyone wanting to delve into FX trading will succeed without even been a professional trader .
1.CHOOSING A RIGHT BROKER : There are many Forex brokers on the Internet today but not all are reliable . So , one needs to do a proper due diligence on any broker one intends using for trading .I have researched and based on my experience what you should considered when next you are choosing a broker .
1.Licensing and regulation .
2.Location of the broker .
3.Customer support services .
4.Trading platform .
5.Low spreads .
6.Quality Institution .
7.Extensive Tools and Research .
8.Wide range leverage options .
9.Account types .
Check over and see if any of the above is missing in your choice . A good broker should be able to have a trading platform that will provide its customer with all the facilities needed for proper trading . The spread calculated in pips is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time .Forex brokers do not change a commission , so the difference is their profit which could be called commission . In comparing brokers you will find that the difference in spreads in Forex is as great as the difference in commissions in the stock arena . Lower spreads save you money . Find a broker who will offers you all what you need to succeed .
2.STOP LOSS ORDER : Here we consider the second rule which says we should not risk more than 3% -5% of our core equity in any single trade . Remember core equity means Equity capital minus used margin in trade . Core equity is the same as free margin . Assuming capital of $1,000 . If you decide you are going to trade with 0.50 lot size , this rules will guide you on where to place your stop loss . Let us now assume you have a brave hearth to risk and willing to risk 5% of your $1,000 which is $50 . The next question you need asked is that how many pips will give me $50 on 0.50 lot size . Let us do a little arithmetic to get this right . If you understand that 1 pip 0.10 equals $1 then 1pip in 0.50 lot size will give $5 . Hence , we divide $50 by $5 = 10pips . What this now means is that your stop loss should not exceed 10pips. So if you spot a trade that would not allow you a risk for stop loss of 10pips you will need to do the following .
Reduce your lot size , or skip the trade . But you really need to develop a good trading system that will enable you manage risk . rising not more than 3% on a mini account and not more than 2% on standard account seem to be a good money management system which I can advice you to follow .
- TO BE CONTINUED .
Money Making Opportunities In Forex Trading:How to make money in Forex trading the Non-Farm Payroll in the Forex Trading Market.
Money Making Opportunities In Forex Trading:How to make money in Forex trading the Non-Farm Payroll in the Forex Trading Market.
To be successful and made money in the Forex trading market,you must take economic report as your friend.Economic report interpreted by professional traders as economic indicator in trading chart forms the basis of trading strategies used by traders in making money in he market.
Market investors frequently trade on information they believe to be superior and relevant,when in fact it is not and is fully discounted by the market.Forex trading moves from major banking centers of the U.S to Australia and New Zealand to the far east to Europe and finally back to U.S.
Non-farm payroll report is a key economic indicator for the United States.It could be represented thus:The total number of paid workers in the U.S minus (Farm employee+employees of Government+employees of non profit organizations+household employees)The report generally came out on the last Friday of every month at 8.30amEST.
TRADING STRATEGY:
1.A good trader who wants to profits from the report needs to be patient so as o capture the real movement after the announcement.Ride the market movement.
2.Trade like professionals and make profit.How does a professional trade the report?"after the initial swings has occurred,and after market participants have had a bit of time to reflect on what the number means,they will enter a trade in the direction of the dominating momentum.The professionals even wait for a signal that indicates that the market may have choose a direction.
The strategy works best with GBP/USD pair.
FOREX:How you and me can trade USD/CHF Pair for profit pips gain in the Forex trading market.
FOREX:How you and me can trade USD/CHF pair for profit pips in the Forex trading Market.
by following the factors that sends USD/CHF higher,you are guaranteed of making profit pips from the pair.
1.POLITICAL INSTABILITY:Switzerland is a save haven of stability and neutrality.when the markets sense geopolitical instability tension,capital tends to move into Switzerland.US negative developments favor this pair.
2GLOBAL EVENTS:The Forex market is so vast and has so many participants that no single entity,not even a central Bank can control the market price for an extended period of time.As for USD/CHF,global events(positive/negative) and higher or lower price of Gold will create opportunities in this pair.
3.TRADING HOUR:USD?CHF is most active during European open hours through tr early US trading session(7AM-10AM EST)you will made profit pips if you Target this trading hours.
4.MONETARY POLICY:a trader in the Forex market involves selling or buying one currency against the other.Because,interest rate in Switzerland is low,many investors are entering USD/CHF as a carry trade,making the pair extremely sensitive to any changes in the interest rate outlook for either the US or Switzerland.
http://www.profitline66.zulutrade.com
How To Use Trend Lines To Make Money In Forex.
How To Use Trend lines To Make Money In Forex.
Trend lines is one of the tools you and me can employ as a technical analyst for a successful Forex Trading.Trend lines are constructed by connecting the newest swing high to the most recent swing high.Same applies for lows.In a nutshell,the basic method is that an uptrend line is drawn along the bottom of easily identifiable support areas(valleys).In a downtrend,the trend line is drawn along the top of easily identifiable resistance areas(peaks).To get it right,locate 2 major tops or bottoms and connect them.
HOW TO TRADE TREND LINES FOR PROFIT IN THE FOREX TRADING MARKET.
1.Enter a trade when a trend line is convincingly penetrated.
2.Set up your stop on the other side of the trend line.This is the best trading strategy.
3.Remember that it takes at least 2 tops/bottoms to draw a valid trend line but it takes three to confirm a trendline.Avoid drawing trend lines by forcing them to fit the market.It will back fire.
http://www.profitline66.blogspot.com
http://www.howtotradethestockmarket.blogspot.com
FOREX TRADING SIGNAL:Pivot Points Trading System Reviewed.
FOREX TRADING SIGNAL:Pivot Points Trading System Reviewed.
Traders and market makers have used pivot points to determine critical support and or resistance levels.it is used to identify points of entry and also used by trend traders and breakout traders to spot the key level that need to be broken for a move to qualify as a breakout.You can also read more on Pivots trading system on one of the earlier post on this blogs.
WHAT IS THE SIGNIFICANCE OF MARKET OPENS TO PIVOT TRADING SYSTEM.
One of the key points you and me must understand as a trader when trading pivot points in the Forex market is that breaks tends to occur amid one of the market opens.The reason for this is the immediate influx of traders entering the market at the same time.I have found out that during quieter time periods such as between the US close and the Asian open and even through the Asian session,which is the quietest trading session,price may remained configured for hours between the pivot level and either the support or resistance levels.This provide the perfect environment for you and me.
In this case,I found out that the best strategy to adopt in using pivot points is to look for prices to obey the pivot level therefore validating the level as a solid support or resistance zone.In this type of strategy,you are looking to see the price break the pivot level,reverse and then trend back towards the pivot level.If the price proceeds to drive through the pivot point,this is an indication that the pivot level is not very strong and is therefore less useful as a trading signal.However,if prices hesitate around that level or validate it,then the pivot level is much more significant and suggests that the move lower is an actual break,which indicates that there may be a continuation move.
http://www.profitline66.blogspot.com
http://www.googleadsense-profits.blogspot.com
http://www.onlinestocktradingmagazine.blogspot.com
http://www.howtotradethestockmarket.blogspot.com
FOREX TRADING MARKET:TIPS ON HOW TO BUILD A GOOD AND LASTING PROFITS IN THE FOREX TRADING MARKET.
FOREX TRADING MARKET:TIPS ON HOW TO BUILD GOOD AND LASTING PROFITS
IN THE FOREX TRADING MARKET.
YOU NEED TRAINING:Build yourself up with a good training program.A good Forex trading program must be able to cover Risk/Portfolio management ,trading system,Psychology of trading,interpretation of Technical and fundamental indicators for trading and decision making among other things.
TRADING SYSTEM:What gives you profit in the course of your trading is your best trading system.But,to build a good and lasting profits,you use a profitable trading system.A good trading system must be the one that helps you identify trends as early as possible.There are many indicators there that help to identify and confirm trends.Develop one or buy a reliable software that do this.
TRADING PLAN:Developing a trading plan is like setting up an achievable goals.Plan to trade and trade to plan.
MONEY MANAGEMENTS TIP:Do not trade more than 20% of your account equity.
Do not increase your lot size until you have withdrawn your initial capital and grown it back.
Avoid over trading.
http://www.bigukinvest.net
Forex trading platform:How the choice of your trading platform can influence your success in the Forex trading market.
Forex trading platform:How the choice of your trading platform can influence your success in the Forex trading market.
There are thousands of Forex brokers yet you need to choose a broker that is registered with the regulatory body.It is no good if you discover that your brokerage firm is unregistered,after they have stolen all your money.
Brokers that offers online trading facilities(that allows you to view Forex quotes in real time).Brokers that offers 24hr telephone and email support would serve you best.
Brokers that offers trading pairs in all seven major currencies:USD,EUR,JPY,GBP,CHF,CAD and AUD.More importantly you need to discover how your brokers calculate rollover charges.Rollover charges are charged to your account when your trade extends(roll over)past the end of the trading day into the next trading day.
To maximize profit in trading,choose a broker that allows you to trade Forex and Binary options/bonds from one single account.Do your broker offers free bonus?my recommended brokers simply does this.Check them out.
Go for brokers that offers the smallest bid/ask spreads.The bid/ask spreads is normally 5pips but some brokers offer spreads of only 3pips or even 2pips.Choose rightly.
http://www.cofxpartners.com
http://www.24partners.com
HOW TO BE RICH ONLINE
HOW TO PROTECT YOUR INVESTMENT IN THE FOREX TRADING MARKET.
HOW TO PROTECT YOUR INVESTMENT IN THE FOREX TRADING MARKET.
Good Forex money management can take a trader from gambling with his or her money ,hoping for a gain,but probably encountering many loses,to successfully trading while maximizing losses.It may not be as exciting as other aspects of Forex trading,but for traders who want higher gains,money management is an absolute necessity.
today,i will be explaining how to use risk/reward ratio as a tool in Forex money management in trading.The risk/reward ratio means the amount you are risking i.e your stop loss amount against the amount you stand to gain i.e your profit or limit on the trade.
For example, if you enter long on the GBP/USD at 2.0040 and you enter a stop loss or determine you will manually close the trade at 2.0020 if it goes the wrong way then your risk is 20pips per lot.If on the same deal you determine that your target or where you will take profit and close the trade is at 2.0140 then your reward is 100pips i.e 2.0140-2.0040=0.0100 or 100 pips.So on this particular trade your risk/reward is 100pips /20pips or 5:1.
If you have a risk /reward ratio of1:1 it means you risk the same amount as your reward each time,then obviously you have to win 50% of your trades to break even.Below are a few risk/reward ratios and the win percentage you need to break even.
1:1-50%,2:1-33%,4:1-20%,5:1-17% and 10:1 equals 10%.
The best traders I know practice good money management with good risk/reward ratios.Ratios of at least 2:1, up to 4:1.
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HOW TO PROFITS WITH EUR/USD PAIR.
FOREX TRADING MARKET:HOW TO PROFITS WITH EUR/USD PAIR.
The fact is that if you as a forex trader buy the pair,you are betting that the euro will increase in value versus the USD and if you sell EUR/USD,then you are saying USD would increase in value to EUR.
To profit from this pair,you must take the advantage of what moves EUR/USD.
WHAT MOVES EUR/USD?
1.Surprises in US economic releases:This pair would move when results comes as a surprise,especially indicators that measure growth or recovery in the US.Thuis uncomplementary news on US economic growth favors the euro.
2.Interest rates:If Fed raises interest,it boosted the value of the dollar.This is because money would flow into the US as investors move to capitalise on these higher returns.
3.Oil prices:Since the US economy is highly dependent on imported oil,movements in the price of oil tends to impact the value of the dollar.
4.Trade:More imports to exports has tghe power to reduce the value opf the dollar in the long run because the market is very concerned with theb trade balance in the US.Changes means a shift in the value of the US dollar.
In all watch the Us economic data closely and take good advantage of uncertainty about US economic recovery.In the absence of a trend,go for range trading strategies.
HOW TO APPLY MONEY MANAGEMENT IN FOREX TRADING.
HOW TO APPLY MONEY MANAGEMENT IN FOREX TRADING.
PART 1
A traders money management style can be the difference between a loss and a gain.Most traders do not care for this aspect of trading,but it is very important.
In many cases of large losses,poor money management was the culprit.Everyone wants the $1billion profit in a single day,but that is market gamble.Good Forex management ,though,can give a trader much better odds of a large gain than a trader who has little or no money management.
I agree with some of my friends who are trends followers that beginner traders should not risk more than 1% of their total equity on any trade.At 1% ,a loss is very minimal and it is much easier to recoup and rebound.
On an individual trade ,the 1%makes little difference and even if the trader is wrong 20 times,he or she will still maintain 80%in equity.This type of Forex money management,however,requires discipline which is often in short supply with many traders.
Money is very easy to lose,but not so easy to make back.For example,a trader invests $100,000 and loses $50,000.This is a 50%loss.However,the percentage that the trader must make in order to get back to the original $100,000 is actually 100% this would mean that there was a 50% draw down,the percentage of the difference between the peaks and trough of an investment.
It is thus advisable that traders who are joining the Forex market for the first time should use speculative capital only.In deciding how much money to begin trading with,it is advisable to select an amount that can be considered as an acceptable loss.
HAPPY TRADING.
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