Forex 101

101 Forex Trading de divisas: mi viaje como un comerciante de Forex a tiempo parcial

Publicado por Timothy Oh

Qué es Forex Currency Trading?

Para aquellos que son nuevos en Forex, Foreign Exchange o simplemente conocido como Forex o incluso FX es la compra de una moneda en particular y la venta de otra moneda al mismo tiempo. En términos simples, usted es como un cambiador de dinero & # 8222; Cuando el comercio de divisas.

El mercado de divisas es el mayor mercado financiero del mundo con una transacción promedio de USD 3,8 billones de dólares todos los días y está en constante aumento. A diferencia de otros mercados financieros, el mercado de divisas es el mercado de liquidez más para garantizar ninguna manipulación del mercado y una mejor ejecución del comercio.

Sistema de comercio de divisas Forex

Para mí, el comercio de divisas es sin duda, uno de los más rentables y lucrativos instrumento financiero. Los comerciantes acertados pueden ganarle a veces un ROI anual (vuelta de la inversión) más del 100% basado en solamente el 3% del capital por comercio siguiendo la estrategia correcta del forex. Debe ser simple para el comercio, pero muy rentable.

De mi experiencia comercial, un exitoso sistema de comercio de divisas Forex capaz de entregar estas 5 cosas simples:

Puede ser un sistema Manual o EAs siempre y cuando se demuestre rentable (Actualizado el 8 de abril de 2013) (Mi declaración anterior que ahora pienso que ya no es verdad, publicada el 4 de mayo de 2012: No debe ser un robot. Basta con pensar con sentido común: si los robots forex hacen mucho dinero, no habrá gente pobre en este mundo)

Tener una trayectoria comercial registra por lo menos 10 años. (Para probar que es CONSISTENTEMENTE rentable independientemente de las condiciones del mercado)

Mejor si los sistemas no revelan la pérdida de stop. (Para evitar detener la caza por los corredores de mercado)

No afectan su calidad de vida (no requieren mucho tiempo para pegarse a la carta de la computadora durante todo el día o el comercio nocturno-búho)

No causar estrés o montaña rusa emocional. (Hacer grandes ganancias y luego sufrir grandes pérdidas el próximo comercio)

Tan simple como eso, si usted es capaz de seguir este tipo de sistema con la disciplina y de manera coherente, entonces usted está seguro en su camino para convertirse en un exitoso y rentable comerciante de divisas.

101 Forex Currency Trading Blog

La principal razón por la que estoy aquí es compartir mi experiencia comercial, la sabiduría o incluso los errores, para que pueda aprender de ella y acortar su viaje para obtener un ingreso consistente del mercado de divisas. Convierta sus pérdidas anteriores de divisas en las oportunidades rentables siguiendo mi blog de comercio de divisas forex 101 y aprender la mentalidad de cambio de divisas adecuada que separa a los ganadores de los perdedores.

La negociación de divisas no es difícil, con la mentalidad comercial adecuada y probado sistema de divisas rentable, puede convertirse en un comerciante exitoso y ganar un ingreso mensual decente de mercado de divisas.

Sabía usted que las amas de casa japonesas es en realidad la mayor población del comercio de divisas al por menor? Ellos han sido muy sabio y emprendedor en grapping la oportunidad lucrativa que ofrece la divisa de cambio de divisas.

Forex 101: Señales de entrada de gráficos & # 038; El Asistente (Infográfico)

PremiereTrade Forex Education

Señales de entrada de gráficos El Algoritmo propietario que convierte el precio en el valor razonable ajusta el valor razonable para la fuerza del movimiento.

Dos Promedios Movedores Basados ​​en el Valor Justo Ajustado

Media móvil rápida & # 8211; Significado por una línea blanca

Media de movimiento lento & # 8211; Significado por una línea negra

El Asistente El Asistente PremiereTrade combina el movimiento de precios, la volatilidad, la presión y el impulso para permitir a los operadores la oportunidad de maximizar su entrada en un comercio. La pantalla del Asistente se compone de cuatro indicadores principales:

La pantalla de media móvil

El Indicador Momentum

El Indicador de Volatilidad

Indicador de compra y venta de presión

Temporización La entrada Utilizando cada componente de la pantalla Asistente ayudará al comerciante en la comprensión de cuándo entrar en una posición y en qué dirección entrar. El infográfico a continuación es una breve introducción sobre el uso de PremiereTrade Wizard y las señales de entrada de gráfico para analizar el mercado Forex (FX).

Traducir:

PremiereTrade Forex facilita el inicio. Haga clic en el botón Descargar ahora para su software PremiereTrade gratuito.

Educación Forex & # 8211; Forex 101

Educación de PremiereTrade: Forex 101 & # 8211; Una Introducción al Mercado Forex (Infográfico)

Cada experto en Forex tenía que comenzar en alguna parte. Todos ellos comenzaron como todos nosotros, sabiendo muy poco sobre el mercado Forex. Eran principiantes como tú.

A continuación se muestra una infografía que muestra un breve desglose de los fundamentos de Forex que cada comerciante necesita saber. He aquí un breve resumen de lo que está en el infográfico:

El mercado Forex es el mayor mercado financiero del mundo en 5 trillones de dólares por día.

El volumen diario del mercado Forex empequeñece al de las principales bolsas de valores combinadas.

PARTICIPANTES Los participantes en el mercado Forex incluyen:

grandes bancos

bancos centrales

especuladores de divisas

Corporaciones multinacionales

Gobiernos

comerciantes al por menor

INFLUENCIADORES Los influenciadores en el mercado Forex incluyen:

Tipos de interés

Tasa de inflación

Ganancia comercial o deuda con otros países

Estabilidad del empleo

Estabilidad politica

PremiereTrade tiene una interfaz de educación Forex sobresaliente dentro del software PremiereTrade bajo el & # 8220; entrenamiento & # 82221; lengüeta. Esta área contiene videos how-to y tutoriales de educación Forex que desglosan todos los aspectos del mercado.

¡Comience su educación de la divisa aquí!

Galeria de VIDEOS

Forex 101

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El desempeño pasado, ya sea real o indicado por pruebas históricas de estrategias, no es garantía de rendimiento futuro o éxito. Existe la posibilidad de que usted pueda sostener una pérdida igual o mayor que toda su inversión, independientemente de la clase de activo que negocie (acciones, futuros de opciones o divisas); Por lo tanto, no debe invertir o arriesgar dinero que no puede permitirse perder.

Exención de responsabilidad del Gobierno de los Estados Unidos - Commodity Futures Trading Commission. El comercio de futuros y opciones tiene grandes recompensas potenciales, pero también un gran riesgo potencial. Debe ser consciente de los riesgos y estar dispuesto a aceptarlos para invertir en los mercados de futuros y opciones. No negocie con dinero que no puede permitirse perder. Este sitio web no es una solicitud ni una oferta de compra / venta de futuros u opciones. No se ha hecho ninguna representación de que cualquier cuenta tenga o sea probable obtener ganancias o pérdidas similares a las discutidas en este sitio web. El desempeño pasado de cualquier sistema o metodología comercial no es necesariamente indicativo de resultados futuros.

CFTC REGLA 4.41 - LOS RESULTADOS DE RENDIMIENTO HIPOTÉTICOS O SIMULADOS TIENEN CIERTAS LIMITACIONES. DESCONOCIDO UN REGISTRO DE RENDIMIENTO REAL, LOS RESULTADOS SIMULADOS NO REPRESENTAN COMERCIO REAL. TAMBIÉN, DADO QUE LOS COMERCIOS NO HAN SIDO EJECUTADOS, LOS RESULTADOS PUEDEN TENERSE COMPROBADO POR EL IMPACTO, CUALQUIERA, DE CIERTOS FACTORES DE MERCADO, COMO FALTA DE LIQUIDEZ, LOS PROGRAMAS SIMILARES DE COMERCIO EN GENERAL ESTÁN TAMBIÉN SUJETOS AL HECHO QUE SE DISEÑAN CON EL BENEFICIO DE HINDSIGHT. NO SE HACE NINGUNA REPRESENTACIÓN QUE CUALQUIER CUENTA TENDRÁ O ES POSIBLE PARA LOGRAR GANANCIAS O PÉRDIDAS SIMILARES A LOS MOSTRADOS. Los testimonios que aparecen en este sitio se reciben en realidad por correo electrónico. Son experiencias individuales, que reflejan experiencias de la vida real de aquellos que han utilizado nuestros productos y / o servicios de alguna manera u otra. Sin embargo, son resultados individuales y los resultados varían. No afirmamos que sean resultados típicos que los consumidores generalmente lograrán. Los testimonios no son necesariamente representativos de todos aquellos que usarán nuestros productos y / o servicios. Los testimonios presentados se dan literalmente excepto para la corrección de errores gramaticales o de mecanografía. Algunos se han acortado, lo que significa; No se muestra todo el mensaje recibido por el escritor de testimonio, cuando parecía largo o el testimonio en su totalidad parecía irrelevante para el público en general.

Opciones Características y Riesgos de Opciones Estandarizadas. Haga click aquí para descargar. Ⓒ Copyright, Todos los derechos reservados Versión 2.07092015

Forex Trading 101

Continuando con mi serie de Forex 101 pensé que iría a los frutos secos de todo y caminar a través de los fundamentos de comercio de divisas y espero que a lo largo del camino para ayudarle a entender mejor lo que puede ser a veces un muy confuso, Y el posible mundo desastroso para el comerciante minorista.

Forex trading & # 8211; Visión general básica:

Forex trading en su forma más básica es como voltear una moneda, teóricamente usted tiene un 50% de posibilidades de ganar, sólo en FX sus apuestas sobre si una moneda sube o baja. Si usted compra, digamos que el EURUSD su golpeo que el EUR gana fuerza y ​​sube frente al USD, pero todos sabemos que no es tan simple y hay una gran cantidad de factores involucrados en hacer un comercio educado y rentable. No hemos entrado en detalles sobre esto en este artículo, ya que es para el principiante completo.

Wikipedia describe forex como el siguiente. El mercado de divisas (forex, FX o mercado de divisas) es un mercado descentralizado global para el comercio de divisas. Los principales participantes en este mercado son los grandes bancos internacionales. Los centros financieros de todo el mundo funcionan como anclas del comercio entre una amplia gama de múltiples tipos de compradores y vendedores durante todo el día, con la excepción de los fines de semana. El mercado de divisas determina los valores relativos de las diferentes monedas.

El mercado de divisas funciona a través de instituciones financieras, y opera a varios niveles. Detrás de las escenas, los bancos recurren a un número menor de firmas financieras conocidas como "distribuidores", que participan activamente en grandes cantidades de operaciones de divisas. La mayoría de los comerciantes de divisas son bancos, por lo que este mercado detrás de cámaras es a veces llamado el "mercado interbancario", aunque algunas compañías de seguros y otros tipos de empresas financieras están involucrados. Las operaciones entre los cambistas pueden ser muy grandes, con cientos de millones de dólares.

Este es un gran lugar para comenzar, ya que es la más básica de las funciones en FX. Un PIP o porcentaje en punto & # 8221; Es la medida de cómo se mueve el mercado. Usted puede escuchar en las noticias que el dólar australiano & # 8221; Tuvieron un día fuerte moviéndose 200 & # 8220; PIP & # 8217; s & # 8217; Frente al Dólar estadounidense, lo que significa que si tuviera una posición inicial de 0.92180 se habría movido a 0.92380.

Los PIP se calculan y se mueven en unidades de 1 de modo que dependiendo del tamaño de su posición (cuántos lotes) determinaría cuánto vale cada pip por tictac. Digamos que colocó un lote mini o una posición de $ 10k el valor de mercado para cada marca o PIP valdría $ 1. Así que incluso con un pequeño comercio un movimiento de 200 pips equivaldría a una ganancia de $ 200.

Mucho es el término comercial estándar que se refiere a la cantidad o el volumen de moneda que está comprando o vendiendo.

Hay 3 tipos de LOT & # 8221; O tamaños de posición;

Lote micro, que vale $ 1,000

Mini lote, que vale la pena $ 10.000

Lote estándar, que vale $ 100.000

Tener estos diferentes tamaños ayuda a los comerciantes lugar diferentes oficios de tamaño de una manera rápida. Usted puede de lugar de la causa cualquier tipo de comercio que usted necesita dependiendo de la posición requerida. Por ejemplo una posición grande sería 50.00 lotes estándar o $ 5,000,000 y un comercio pequeño sería 0.03 o $ 30.000.

Normalmente, el inversor medio es demasiado pequeño para entrar en el mercado de divisas, que está dominado por lo que se llama bancos de nivel 1, es decir, su Deutsche Bank, UBS y JP Morgan, etc., pero con apalancar a alguien con una modesta inversión de $ 1000 usando apalancamiento de 100: 1 ahora tiene poder adquisitivo de $ 100,000. El apalancamiento es una de las facetas más importantes de la negociación de divisas y mediante la utilización de empresas como Tradeview puede ser una parte del mayor mercado del mundo con volúmenes diarios de más de $ 5 billones.

El apalancamiento necesita ser entendido correctamente porque puede trabajar contra usted también. Muchos corredores de Forex atraer a los clientes, ofreciendo un apalancamiento masivo como 1000: 1 este tipo de apalancamiento parece grande al principio, porque la cantidad de dinero necesario para comprar y mantener una posición es menor con la misma rentabilidad si su comercio se mueven a su favor, La espada afilada puede moverte rápidamente contra ti.

Ejemplo: Si coloca un lote mini ($ 10,000), cada pip valdría alrededor de $ 1. Si ganas 5 pips, todo es genial, utilizaste $ 50 e hiciste un 10% de retorno. Si pierde 5 pips, tiene una pérdida del 10% igual de rápido.

Piense en el margen como un pago inicial para mantener el comercio que acaba de colocar que es más grande en valor, al igual que lo haría si la compra de un nuevo coche o casa. Como se mencionó antes pares de divisas se negocian en estándar, mini o micro por lo que si un comerciante compra un lote estándar ($ 100.000) de la moneda base, mientras que la venta de la misma acerca de la moneda de contra.

Ejemplo: cuando el precio de venta de EUR / USD es de 1.2500, se compran 100.000 euros mientras se venden 125.000 dólares. Para un contrato estándar (1 Lote) en el cual el USD es la moneda de cambio 1 pip será igual a $ 10 ($ 1 para un lote mini). Para todos los demás pares, los valores de pip exactos son ligeramente diferentes y oscilan entre $ 8 y $ 10.

Una cosa que digo a todos mis clientes que son nuevos a la divisa es descargar una demostración y probar todos los aspectos de lo que acabamos de cubrir hasta que esté totalmente seguro de que entiende lo que está haciendo, entonces y sólo entonces debe pensar en invertir dinero real .

Siéntase libre de descargar la plataforma de demostración gratuita de Tradeview AQUÍ.

El informe de Rhino es escrito por un comerciante que escribe con soltería de propósito. Para cargar la velocidad completa, no retener, y llegar a la historia real. Esto no es para una vaca Advertencia - Las opiniones expresadas están escritas por un rinoceronte de tres toneladas que está irritado, disgustado y enojado por la economía. Los informes son "AS Real as it Gets" Por lo tanto, estar alerta para las oportunidades, sin embargo leer a su propio riesgo. Todo el contenido proporcionado por Rhino Report es solo para fines informativos. El dueño de este blog no hace ninguna representación en cuanto a la exactitud o integridad de cualquier información en este sitio o encontró siguiendo cualquier acoplamiento en este sitio.

MÁS NOTICIAS

16 de febrero de 2016

13 de enero de 2016

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FOREX 101

[ANTECEDENTES DEL CURSO + DESCRIPCIÓN]

Una de las realizaciones más importantes que se pueden hacer como un comerciante es entender que usted necesita instrucción + educación. Usted debe invertir en sí mismo si desea hacerlo en el negocio, pero eso no significa que usted tiene que romper el banco en hacerlo. Sin embargo, basándose en "cómo" libros baratos y blogs libres simplemente no lo cortan. La pregunta es: a dónde vas? En quién confiarás para enseñarte cómo desarrollarte como comerciante? Cómo va a desarrollar una base sólida en su comprensión del mercado FOREX antes de poder conquistarlo?

Comience su viaje tomando el seminario web intensivo de dos días de Chima Burey. FOREX 101. Este curso está diseñado para comerciantes con experiencia desde el principio hasta el intermedio. Después de completar con éxito este curso usted tendrá más confianza en su análisis, ejecución y conocimiento general del mercado FOREX. El seminario web FOREX 101 de dos días de Chima te enseñará:

Exactamente cómo un comerciante profesional negocia, y las configuraciones que toman.

Cómo detectar configuraciones de bajo riesgo / alta recompensa.

Cómo comerciar con estrés mínimo.

Exactamente cómo entrar y salir.

Cómo administrar los oficios para maximizar los beneficios y mantener las pérdidas pequeñas.

Cómo definir diferentes mercados y tendencias.

Cómo negociar en diferentes tipos de mercado.

Cuándo y cómo debe negociar contra la tendencia.

Cómo negociar las configuraciones de desglose.

Cómo utilizar correctamente el soporte y la resistencia.

Aprenda a utilizar puntos pivote a su ventaja.

Conozca los Ratios de Fibonacci y sus efectos en el mercado.

Aprenda a obtener ganancias en el momento adecuado.

Aprenda a administrar sus operaciones correctamente.

Aprenda a utilizar los datos COT a su ventaja.

Cómo la gestión del dinero puede afectar su éxito como comerciante.

Cómo utilizar el comercio automatizado para su beneficio.

Cómo establecer metas realistas como un comerciante.

Explora cómo la psicología comercial afecta tus resultados.

Aprender los trucos y consejos utilizados en el comercio por los profesionales.

- Fundaciones FOREX - Terminología FOREX y estructura de mercado - Pares de divisas - Qué es un PIP? - Comprensión de una tabla de divisas - Cómo leer un gráfico - Diferentes tipos de gráficos - Comprensión de candelabros - 13 barras para el éxito - Ley de Momentum - Los 4 marcos de tiempo de negociación - Los 3 marcos de tiempo analíticos - Promedios móviles - Continuación: El poder de "Seguir Through "- Comprender el movimiento del mercado - Pivot Highs y Pivot Lows - Trailing Stops: Cómo bloquear los beneficios - Spotting las tres tendencias del mercado - Q & amp; A

- Comprar y vender: Tipos de pedidos - Comprar y vender: Tiempo perfecto - Comprar y vender: El juego de poder - Compra y venta: El comercio de cono - Compra y venta: Tomar ganancias - Cómo detectar señales de inversión - Market - Soporte & amp; Resistencia: Altos y Bajos - Soporte & amp; Resistencia: Pivot Points y Fulcrum Points - Soporte & amp; Resistencia: Niveles de Fibonacci - Soporte & amp; Resistencia: Norte + Hemisferio Sur - Tiempos de Reversión de Mercado - Noticias y Otros Fundamentos Críticos de FOREX - Reconocimiento y comercio de rupturas - Señales más poderosas del mercado - Gestión comercial discrecional - Uso de herramientas automatizadas de ejecución comercial Dominando el juego mental - Q & amp;

Gestión comercial 101

Este artículo es una extensión de nuestra serie sobre estrategia de acción de precios.

La semana pasada, examinamos cómo manejar el riesgo con la acción de precios.

Si se le preguntara a diez nuevos comerciantes lo que se necesita para convertirse en un profesional, o incluso sólo rentable; Probablemente obtendrá por lo menos 9 respuestas que traten con la entrada o la estrategia para entrar en el mercado.

Después de todo, sólo es lógico imaginar que si uno fuera a encontrar rentabilidad, ellos necesitan un sistema o una forma de comprar antes de que los precios suban o se vendan antes de un descenso.

Es sólo después de innumerables horas y numerosos oficios uno se dará cuenta a menudo que la clave de la rentabilidad implica mucho más que simplemente encontrar buenas configuraciones. El futuro es incierto, y la mayoría de los sistemas o estrategias tendrán un período de mal desempeño. Esta es sólo la naturaleza de la bestia.

En este artículo, vamos a discutir la gestión comercial.

La importancia de un plan

Otro tema que discutimos en detalle en DailyFX son los planes de comercio y la importancia de tener uno. Mientras que la idea de ser capaz de seguir sólo "instinto instintivo" Y las reacciones pueden ser atractivas, tenemos que tomar una mirada realista en asuntos de gestión comercial.

Los seres humanos no pueden decir el futuro; Y estar en un oficio o una posición no hace que sea más probable. Por lo tanto, en lugar de poner un comercio y sólo "esperamos & rsquo; Para lo mejor, los comerciantes deben tomar un plan de ataque en cada configuración.

La belleza de la parada de descanso

No podemos ayudarlo: como seres humanos, estamos conectados para tratar de ganar; Esto está en nuestro ADN. Esta es la razón por la mayoría de los nuevos comerciantes, en algún momento, sufren de El Número Uno de los errores que los comerciantes de Forex hacen & ndash; Porque tratan de hacer todo lo posible para ganar en cada posición. Como comerciantes, estamos constantemente enfrentando este enigma de la codicia y el miedo.

Este deseo de convertir cada comercio en una victoria no es algo bueno. Esto significa que los comerciantes (especialmente los nuevos) permitirán que los perdedores viajen durante demasiado tiempo mientras se cierra a los ganadores demasiado rápido. Algunas operaciones solo necesitan ser cerradas antes de que una idea a corto plazo se convierta en un problema a largo plazo. Discutimos esta premisa en el artículo, Cómo perder correctamente.

Un método defensivo que los comerciantes tienen que compensar este comportamiento es la parada de equilibrio.

El punto de equilibrio es el acto del comerciante de ajustar su orden stop-loss al precio de entrada en la posición después de que el comercio se ha movido en su favor. Hacer esto significa que, incluso si la posición gira y evapora el beneficio en el comercio; El comerciante se saca a su precio de entrada.

The Break-Even Stop puede aliviar el temor del comerciante de ver a un ganador convertirse en un perdedor

Tomado de la parada de equilibrio; Preparado por James Stanley

Esto está diseñado para ayudar a compensar ese & lsquo; miedo & rsquo; Que los comerciantes a menudo se sienten en una posición ganadora. Muchos comerciantes cerrar los ganadores demasiado rápido cuando estas son por lo general las situaciones en las que desea tratar de ser codicioso.

El punto de equilibrio de parada permite a un comerciante para descansar cómodo con la idea de que, en el peor de los casos; Todavía tienen protección en el comercio.

Escalar o no escalar

En la vanguardia de la discusión de la gestión comercial es el tema de la ampliación. Hay dos maneras de escalar una posición de negociación.

Puede escalar en una posición agregando incrementalmente al lote.

O puede escalar fuera de una posición por la retirada de forma incremental de las piezas del lote como el comercio funciona más. Pero antes de pensar en hacer algo, tenga en cuenta lo que mencionamos acerca de la importancia de un plan. Hablaremos sobre la ampliación en nuestro próximo artículo, Trade Management 102.

& Lsquo; Escalado en & rsquo; Puede ser peligroso y hellip; Ser una excusa para los comerciantes para agregar a una posición perdedora. Esto puede ser desastroso; Porque si la posición le está mostrando una pérdida ya que significa que su análisis inicial era incorrecto. Y si ese movimiento continúa, agregar a esta posición perdedora sólo puede exacerbar el costo de ser incorrecto.

Más bien, la ampliación puede ser una forma estratégica de entrar en el mercado con una concentración en el riesgo. Discutiremos este tema en detalle en el artículo Cómo escalar a las exposiciones.

Vamos a decir, por ejemplo, que un comerciante quería comprar GBPUSD con un objetivo de ganancia de 200 pip. El comerciante puede simplemente colocar el lote entero en la entrada del comercio; O pueden imponer una escala de & lsquo; Enfoque en un esfuerzo por tomar menos riesgo en la entrada.

Por lo tanto, en lugar de poner toda la posición en el inicio del comercio, que puede poner en 1/4 del lote; Y luego esperar a ver si la configuración funcionará. Después de que la configuración gane una cantidad predeterminada (esto podría ser 10 pips, 50 pips, o 100 pips), pueden agregar en el siguiente & frac14; Del lote. Y después de otro movimiento positivo en la dirección del comerciante, pueden mirar para agregar en el tercer trimestre de un lote, y luego más tarde el cuarto.

El escalamiento-en puede permitir que los raders entren en posiciones con un acercamiento consciente del riesgo

Tomado de cómo escalar adentro a las posiciones; Preparado por James Stanley

El beneficio detrás de esto es que si la configuración inicial no se resuelve como el comerciante había anticipado, sólo tienen una pérdida en el 25% de la posición. Ellos no añaden el segundo hasta que tengan una idea decente de que el análisis inicial ha resultado beneficioso.

Además, a medida que la posición se mueve a favor del comerciante a medida que se está escalando, pueden mirar para mover el tope desde la escala anterior hasta el punto de equilibrio; Lo que limita aún más el riesgo de la entrada. A medida que el comercio continúa desarrollándose mientras el comerciante agrega piezas al lote, las paradas se pueden ajustar más en el dinero para proteger más y más del beneficio no realizado en la posición.

En nuestro próximo artículo, vamos a examinar una perspectiva mucho más emocionante: tomar ganancias por la ampliación de posiciones; Una de las únicas maneras que los comerciantes pueden equilibrar la codicia de buscar un mayor beneficio con la prudencia de tomar algún riesgo fuera de la mesa.

--- Escrito por James Stanley

Antes de emplear cualquiera de los métodos mencionados, los comerciantes deben primero probar en una cuenta de demostración. La cuenta demo es gratuita; Ofrece precios en vivo, y puede ser un campo de pruebas fenomenal para nuevas estrategias y métodos. Haga clic aquí para registrarse en una cuenta demo gratuita a través de FXCM.

James está disponible en Twitter @JStanleyFX

Está buscando para llevar su comercio al siguiente nivel? El DailyFX 360 & deg; Curso ofrece un plan de estudios completo, junto con webinars privados, semanales en los que caminamos los comerciantes a través de condiciones dinámicas del mercado utilizando la educación impartida en el curso.

Si a usted le gusta un plan de estudios personalizado basado en su nivel de experiencia actual, nuestro curso de Trader IQ a través de Brainshark puede ofrecerle ayuda. Por favor, haga clic en el siguiente enlace para completar nuestro cuestionario de comerciante IQ.

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Desea mejorar su Educación FX? DailyFX ha lanzado recientemente DailyFX University; Que es totalmente gratuito para todos y cada uno de los comerciantes!

DailyFX proporciona noticias forex y análisis técnico sobre las tendencias que influyen en los mercados de divisas globales. Aprenda el comercio de divisas con una cuenta de práctica libre y gráficos comerciales de FXCM.

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FOREX 101: Ganar dinero con el comercio de divisas

Para aquellos que no están familiarizados con el término, Forex (FOReign EXchange mercado), se refiere a un mercado de cambio internacional donde las monedas se compran y venden. El mercado de divisas que vemos hoy comenzó en la década de 1970, cuando se introdujeron los tipos de cambio libres y las monedas flotantes. En tal entorno, sólo los participantes en el mercado determinan el precio de una divisa contra otra, basándose en la oferta y la demanda de esa moneda.

Forex es un mercado algo único por una serie de razones. En primer lugar, es uno de los pocos mercados en los que se puede decir con muy pocas cualificaciones que está libre de controles externos y que no puede ser manipulado. También es el mayor mercado financiero líquido, con un comercio que alcanza entre 1 y 1,5 billones de dólares al día. Con este dinero moviéndose tan rápido, está claro por qué un solo inversor encontraría casi imposible afectar significativamente el precio de una moneda importante. Además, la liquidez del mercado significa que, a diferencia de algunas acciones rara vez comercializadas, los comerciantes son capaces de abrir y cerrar posiciones dentro de unos segundos, ya que siempre hay compradores y vendedores dispuestos.

Otra característica algo única del mercado de dinero de la divisa es la variación de sus participantes. Los inversores encuentran una serie de razones para entrar en el mercado, algunos como inversores de cobertura a largo plazo, mientras que otros utilizan líneas de crédito masivas para buscar grandes ganancias a corto plazo. Curiosamente, a diferencia de las acciones blue-chip, que suelen ser más atractivas sólo para el inversor a largo plazo, la combinación de fluctuaciones diarias bastante constantes pero pequeñas en los precios de divisas, crean un ambiente que atrae a los inversores con una amplia gama de estrategias.

Cómo funciona la divisa

Las transacciones en moneda extranjera no están centralizadas en un intercambio, a diferencia de la NYSE, y por lo tanto tienen lugar en todo el mundo a través de las telecomunicaciones. El comercio está abierto las 24 horas del día desde el domingo por la tarde hasta el viernes por la tarde (00:00 GMT del lunes a las 10:00 pm GMT del viernes). En casi todas las zonas horarias de todo el mundo, hay distribuidores que cotizarán todas las principales monedas. Después de decidir qué moneda el inversor desea comprar, lo hace a través de uno de estos distribuidores (algunos de los cuales se pueden encontrar en línea). Es una práctica bastante común para los inversores especular sobre los precios de la divisa mediante la obtención de una línea de crédito (que están disponibles para aquellos con un capital tan pequeño como $ 500), y aumentar enormemente sus ganancias potenciales y pérdidas. Esto se llama negociación marginal.

El comercio marginal es simplemente el término usado para negociar con el capital prestado. Es atractivo debido al hecho de que en las inversiones de Forex se puede hacer sin una fuente de dinero real. Esto permite a los inversionistas invertir mucho más dinero con menos costos de transferencia de dinero, y abrir posiciones más grandes con una cantidad mucho menor de capital real. Por lo tanto, se pueden realizar transacciones relativamente grandes, muy rápidas y baratas, con una pequeña cantidad de capital inicial. El comercio marginal en un mercado cambiario se cuantifica en lotes. El término "lote" se refiere a aproximadamente $ 100,000, una cantidad que se puede obtener poniendo tan poco como 0,5% o $ 500.

EJEMPLO: Usted cree que las señales en el mercado están indicando que la libra esterlina subirá contra el dólar de los EEUU. Abres 1 lote para comprar la Libra con un margen de 1% al precio de 1,49889 y esperar a que el tipo de cambio suba. En algún momento en el futuro, sus predicciones se hacen realidad y usted decide vender. Usted cierra la posición en 1.5050 y gana 61 pips o alrededor de $ 405. Por lo tanto, con una inversión de capital inicial de $ 1.000, ha realizado más del 40% de los beneficios. (Así como un ejemplo de cómo cambian los tipos de cambio en el transcurso de un día, un cambio diario promedio del Euro (en dólares) es de unos 70 a 100 pips.)

Cuando usted decide cerrar una posición, la suma de depósito que usted hizo originalmente se le devuelve y un cálculo de sus ganancias o pérdidas se hace. Esta ganancia o pérdida se acredita en su cuenta.

Estrategias de Inversión: Análisis Técnico y Análisis Fundamental

Las dos estrategias fundamentales en la inversión en Forex son Análisis Técnico o Análisis Fundamental. La mayoría de los pequeños y medianos inversores en los mercados financieros utilizan el Análisis Técnico. Esta técnica se deriva de la suposición de que toda la información sobre el mercado y las fluctuaciones futuras de una moneda en particular se encuentra en la cadena de precios. Es decir, que todos los factores que inciden en el precio ya han sido considerados por el mercado y se reflejan en el precio. Esencialmente entonces, lo que este tipo de inversionista hace es basar sus inversiones en tres suposiciones fundamentales. Estos son: que el movimiento del mercado considera todos los factores, que el movimiento de precios es intencional y directamente vinculado a estos eventos, y que la historia se repite. Alguien que utiliza el análisis técnico analiza los precios más altos y más bajos de una moneda, los precios de apertura y cierre, y el volumen de transacciones. Este inversionista no intenta ser más astuto que el mercado, ni siquiera predecir grandes tendencias a largo plazo, sino que simplemente mira lo que le ha sucedido a esa moneda en el pasado reciente y predice que las pequeñas fluctuaciones generalmente continuarán igual que antes.

A Fundamental Analysis is one which analyzes the current situations in the country of the currency, including such things as its economy, its political situation, and other related rumors. By the numbers, a country's economy depends on a number of quantifiable measurements such as its Central Bank's interest rate, the national unemployment level, tax policy and the rate of inflation. An investor can also anticipate that less quantifiable occurrences, such as political unrest or transition will also have an effect on the market. Before basing all predictions on the factors alone, however, it is important to remember that investors must also keep in mind the expectations and anticipations of market participants. For just as in any stock market, the value of a currency is also based in large part on perceptions of and anticipations about that currency, not solely on its reality.

Make Money with Currency Trading on Forex

Forex investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on Forex means that potential profits are enormous relative to initial capital investments. Another benefit of Forex is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in Forex short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.

FOREX 101 with Pro Trader German Santos

As traders thirst for 24/7 access, FOREX continues to increase in popularity. I cannot surf any investing or trading site without a barrage of ‘FOREX Trading Account’ ads flashing like 42nd St. signage before Giuliani was mayor of NYC.

Currency trading became relatively popular during the recent bear market in the US Dollar. Basically, trend traders spotted a clean textbook trend. Then the heard flocked to the pastures. But FOREX is a complicated world full of governments, huge institutional traders, and 24/7 reactions to a global information stream.

I recently spoke with professional FOREX trader German Santos to help us figure out where to start. German, a former embedded hardware/software engineer known as pipmaestro was kind enough to school us on the basics of FOREX trading.

Damien Hoffman: German, what is the exchange called “FOREX”?

German: The foreign exchange (FOREX) market is the most liquid market in the world — far surpassing the combined average daily volume of the equities and futures markets. Central banks utilize the FOREX market to stabilize and protect the value of the nation’s currency. Banks facilitate trades on behalf of clients. Banks also speculate for their own accounts. Corporations with foreign exposure hedge their currency risk. Hedge funds and retail traders speculate and attempt to benefit from the interest rate yield. Finally, travelers require currency conversion services for use in countries visited.

Damien: What currencies trade on the FOREX?

German: The US dollar (NYSE:USD ), Euro dollar (Euro), Japanese yen (JPY), British pound (GBP, sterling or cable), Swiss franc (CHF or Swissy), Australian dollar (AUD or Aussie), New Zealand dollar (NZD or Kiwi) and Canadian dollar (CAD or Loony) are the most heavily traded currencies. The EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, AUDUSD and NZDUSD are amongst the most actively traded pairs. [Pairs are the relationship between two currencies.]

The US dollar is the world’s reserve currency. Most commodity prices are quoted in this currency. The European Union’s Euro is influential because the combined member state GDP approaches that of the United States. As a result, the EURUSD is arguably the most actively traded pair. The USD, JPY and CHF are known for their safe haven status. The USDCAD, AUDUSD and NZDUSD are known as the commodity currencies because of their close correlation to oil, gold etc. The USDJPY, GBPJPY and other yen “crosses” had been used by traders implementing the carry trade strategy (described later) because of the yen’s virtual zero interest rate characteristic. Currency pairs such as the GBPJPY are known for their high intraday volatility, whereas the USDCHF is relatively stable. Currency pair characteristics are dynamic in nature and can change with time.

Damien: Can you explain how the currency “pairs” work?

German: The basic retail FOREX trading instrument is the currency pair. A transaction consists of the selling of one currency in exchange for the purchase of another. Let’s use the EURUSD pair as an example. An exchange of US dollars for Euro dollars occurs when you purchase the EURUSD pair. The EURUSD is purchased when there is an expectation that the Euro will increase in value relative to the US dollar. Conversely, an exchange of Euro dollars for US dollars occurs when you sell the EURUSD pair. The EURUSD is sold when there is an expectation that the US dollar will increase in value relative to the Euro.

Currency pairs are typically quoted to the second or fourth decimal place. Furthering our example, if the EURUSD quoted price = 1.4000, then 1.4000 US dollars are required to purchase 1 Euro dollar. If after purchase the value of the EURUSD pair increases to 1.4100, the transaction close will result in a net gain of 1 US penny per Euro returned (minus spread and commission). In conjunction with leverage and your account type, the penny gained on the EURUSD pair could represent anywhere from 1 US dollar (a nano account) to 1 thousand dollars (a standard account) per contract.

Damien: Can you explain how you arrived at those values?

German: For many currency pairs like the EURUSD, the smallest change in price occurs at the fourth decimal place (0.0001). For other pairs (like the yen pairs), the smallest change in price occurs at the customary second decimal place (0.01). The minimum change in price is called a pip (percentage in point). For our EURUSD example, a pip represents a value from 1 US penny to 10 US dollars — again depending on account type. The pair increased in value from 1.4000 to 1.4100, or 100 pips. For a nano account, 100 pips x 1 US penny per pip = 1 US dollar gained per contract. For a standard account, 100 pips x 10 US dollars per pip = 1 thousand US dollars gained per contract. The actual monetary value of each 1 pip increment varies based on the chosen currency pair and account type. So always verify with your broker.

Damien: What is a “carry trade”?

German: In addition to profiting from the rise and fall of the currency value, the interest rate differential between the currency owned and currency sold will either add to or subtract from your account on a daily basis at the close of the session. Trades specifically designed to profit from this interest rate differential are known as “carry trades.” Of course, owning the currency with the inferior interest rate results in a debit to your account on a daily basis. The amount credited to or debited from your account per open trade varies with currency pair, position size, and broker. The yen crosses had been the classic example of the carry trade until recently when the interest rates of countries like the United States and Britain essentially migrated to yen levels.

Damien: If traders are serious about trading currencies, how do you recommend they proceed?

German: Choice of FOREX broker matters! Adequate broker capitalization is crucial. Go to http://www. cftc. gov/marketreports/financialdataforfcms/index. htm and download the latest month’s report. Stick with companies that have the highest capital structures and are engaged in a reasonable marketing campaign. The federal government continues to increase the capital requirements for FOREX brokers and each occurrence seems to cause a broker to go the way of the dodo bird!

Also, abandon all notions of getting rich quick. Because of leverage and due to the fact that even a broken clock is correct twice a day, the FOREX market can give you the illusion of being able to make a huge amount of money quickly. The market can randomly reward you for bad trading behavior. Until you execute your bad trading habit one too many times and the account proceeds to blow up. Capital preservation is critical simply because you need enough time to be able to discover those “bad trading habits.” Go slow. Preserve your capital. Learn the fundamentals. Achieve consistency.

The FOREX-industrial-complex will dazzle you with all types of entry/exit systems guaranteed to have you on your island sipping margaritas in no time. The entry/exit component, however, is just one leg of a three legged stool. Learn all you can about risk, money management, and trading psychology. Familiarize yourself with the concepts of position sizing, expectancy, risk-reward ratio, win-loss ratio, and the random re-enforcement mechanism. Books by Van Tharp, Alexander Elder, Mark Douglas and John Murphy will go a long way towards helping you understand the fundamentals of trading.

Ultimately, there is no substitute for practice, practice, practice. Screen time is crucial in helping you make the transition to consistency and ultimately profitability.

Damien: In your opinion, what are the best free FOREX resources on the web?

German: The best free FOREX education resources on the web that I have seen are: babypips. com and the education sections of informedtrades. com and learningmarkets. com.

Damien: German, thanks for all this great information! I hope you will come back and teach us more in the future.

Forex 101: Fundamental Analysis

In the world of Forex, Fundamental Analysis is all about comparing and analyzing one country’s economic data and performance with a second one (or a group of countries in case they share a common currency).

Basically, the Forex market has currency pairs, which means that price is always showing the balance and relationship of 2 economic entities. Many factors could, in fact, impact price. Fundamental analysis is about reviewing the economic data and performance of an economic zone to predict future economic development and in some cases also price movements.

FUNDAMENTALS IN FOREX

For fundamental analysts in Forex market the main element to review is this:

When one country or economic block has stronger economic data and performance compared to another, then an increase in value of the stronger one is expected;

When one country or economic block has weaker economic data and performance compared to another, then an increase in value of the stronger one is expected.

The reason for this particular cause and effect relationship is due to the expectation that central banks could increase or decrease interest rates depending on the performance of the economy.

Central banks will increase the interest rates if the economy is improving as to avoid higher levels of inflation;

Central banks will increase the interest rates if the economy is in recession or stagnating as to spur economic growth.

Higher interest rates traditionally increase demand for a currency. The reason is simple: buyers are better rewarded for owning a currency if the interest rate is higher. The interest rate levels of both countries and their comparison vis-à-vis each other are important elements because a trader or investor is always buying one currency and selling a second. A change of an interest rate alters this relationship and the price will reflect this change. Most often the currency which increases its rates will see an increase in its price.

To judge whether the interest rate levels will increase or decrease in the future, investors and traders monitor other economic data, policy statements, press conferences, speeches and news releases to assess the overall economic situation of each country and economic unit. The central bank of each economic zone; however, is the entity that is actually responsible for making the decision whether to increase or decrease the rate. All parties can compare the economic data and performance to judge what the future development of price could be. Here is a list of economic measuring points:

Employment

GDP

Trade balance (export/import)

Retails sales

CPI

PMI

Bond auction

Housing

Manufacturing

Business climate

All this data provides smaller and bigger clues of the economic activity and are signals for potential decisions of the central banks.

DRIVER OF EACH CURRENCY

Although traditionally speakin, g economists, banks, analysts, policy makers, and traders are analyzing the data to understand the direction of the interest rates, a broader scope could show a different side of what causes price movements. In essence, the balance between GDP (Gross Domestic Product = sum of economic activity) and the monetary base (monetary assets available in an economy) could be seen as key. Basically, this equation shows “available” money in an economic zone versus the current economic activity.

If the monetary base increases more than the GDP, each unit of currency is worth less and this will have a negative impact on the exchange rate of that currency;

If the monetary base decreases more than the GDP, each unit of currency is worth more and this will have a positive impact on the exchange rate of that currency;

If the GDP increases more than the monetary base, each unit of currency is worth more and this will have a positive impact on the exchange rate of that currency;

If the GDP decreases more than the monetary base, each unit of currency is worth less and this will have a negative impact on the exchange rate of that currency.

The importance of the above has been noticeable during recent years when the FED (central bank of the USA) and other central banks have introduced the policy of Quantitative Easing (QE), which intends to stimulate the economy. The impact of QE is the increase of the monetary base.

FUNDAMENTALS IN TRADING

Fundamental traders can use fundamental analysis to make trading decisions. Fundamental traders are typically more long-term oriented position traders than technical traders. In my opinion, this is probably so because the fundamentals do not change that rapidly from day to day. On a daily level, the long-term economic data does not drastically change in most cases.

News traders are other types of traders that trade fundamentals. They monitor high impact data releases to capitalize on the expected volatility that is often connected to these events. When the actual figures are lower or higher than the previously expected figures, then the market will react to this differential and speculators try to capitalize on the opportunity.

Other traders combine fundamental with technical analysis. They could use fundamental analysis for long-term directional guidance but employ technical analysis for timing purposes of each of the trades.

For traders using technical analysis . they can still keep an eye out on the news in various ways. High impact data releases, news events, press conferences and speeches have the potential of moving price for duration of time with a lot of volatility. This means that price could potentially make spikes up and down. The trader needs to take that into account when trading their technical strategy via

Money management & trade management

yo. Stop loss placement

1. Keep stop loss with decent distance away from volatility area

2. Take trade off the table and exit

Ii. Take profit placement

1. Place take profit at expected range of volatility area

2. Risk management

yo. Taking the trade off the table and exit

Ii. Taking part of the trade off the table and exiting a portion

3. Strategy perspective

yo. Entries = potential entries based on the directional guidance of price movement during a high impact news day

Ii. Triggers and opportunities = potential triggers and opportunities based on the directional guidance of price movement during a high impact news day

How do YOU use fundamental analysis? It is something that you actively use?

Do you trade a news strategy and what is your experience? Or do you just use the news as a filter?

Thanks for reading & sharing! Have a great weekend too and Happy Trading!

Chris is the head of the mentoring program and trading room at Winner's Edge Trading. He has a passion for technical analysis and helping Forex traders achieve their goals in trading. Chris has been trading for almost 10 years and is most fond of the Double Trend Trap (as a strategy), moving averages (as an indicator) and Fibonacci (as a tool).

Descargo de responsabilidad: Trading forex en margen conlleva un alto nivel de riesgo, y puede no ser adecuado para todos los inversores. El alto grado de apalancamiento puede trabajar en su contra, así como para usted. Antes de decidir invertir en divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Existe la posibilidad de que usted podría sostener una pérdida de parte o la totalidad de su inversión inicial y por lo tanto no debe invertir dinero que no puede permitirse perder. Usted debe ser consciente de todos los riesgos asociados con el comercio de divisas y buscar asesoramiento de un asesor financiero independiente si tiene alguna duda.

FOREX 101

The Foreign Currency Market, often called the FOREX or FX market, is a marketplace for the buying and selling of currencies, which are considered a form of commodity. Investors make or lose money based on changes in the value of relative currencies.

Trades on the FOREX market are made in currency pairs – you are buying or selling one type of currency in exchange for another. The US dollar (USD) is the currency most often used as the base. Other commonly traded currencies are the Euro (EUR), Japanese Yen (JPY), British pound (GBP), Swiss Franc (CHF), and the Canadian, Australian, and New Zealand dollars (CAD/AUD/NZD).

Transactions occur in over-the-counter (OTC) markets throughout the world in major financial hubs such as New York, London, Singapore and Zurich. You place these trades through a broker, just as you would with stocks.

Quotes are listed in pairs, with the base currency first and the price following. For example, the quote USD/JPY = 102.71 means that you can buy 102.71 yen for every US dollar.

There will be a bid price and a higher ask price listed, which is the difference between the buy and sell points for the entity making the transaction. That difference, known as the spread, is how the frontline traders make their money. If you are selling a currency, you are concerned with the bid price for another currency; if buying, you need the ask price.

For example, the corresponding USD/JPY bid and ask prices to the above example may be $102.7150 and $102.7400 respectively, and the spread in that case is $0.025.

Currencies are generally less volatile than stocks, but they can rise or fall quickly depending on events or economic conditions within a given country. (For example, the Russian ruble has fallen 3% to the US dollar since the shooting down of a Malaysian jetliner several weeks ago.) Normally, however, daily currency fluctuations are less than 1 /100th of the base currency.

Under these circumstances, how does an investor make money on FOREX? The answer: leverage.

It is possible to make heavily leveraged purchases that are many multiples of the money you have in your account – essentially your broker is lending you this money – thus allowing you to make (or lose) significant amounts of money with a limited investment. It is also possible for you to lose money, zero out your account, and potentially go well into the red.

Typically, the FOREX is used either by hedgers who want to limit the risk of a currency change and ensure a predictable exchange rate for their international trade, or by speculators who are trying to profit on short-term changes in currency rates.

Most individual investors make trades on current exchange rates, referred to as the spot market. However, just as with stocks, there are futures markets where contracts are created to buy or sell a particular currency at a particular price at a particular time. These contracts are bought and sold just as they are for commodities.

The available types of orders are also similar to those of stocks. You can place market orders to trade at the current rates, limit orders that take effect at certain exchange rates, stop-loss orders to sell at a particular exchange rate to cut losses, and other orders that mimic equities.

Another similarity to the market is the use of both fundamental analysis (the basic health of the company/country) and technical analysis (using past performance and trends to spot likely changes) to decide what trades to make.

One also has to consider the format of the currency (is it free-floating or linked to another currency, such as the Chinese Yuan linkage to the US dollar), and the governmental forces that can affect policy – for example, is the central bank of the country strong, and what are their tendencies toward altering the money supply and monetary policy?

Are ready to try your hand at FOREX trading? You should not if this article constitutes your entire research. Fortunately, there are several excellent in-depth primers online. Investopedia has a nice set of tutorials on FOREX trading, but even that is not enough to get you started.

However, if you find the idea intriguing, do extensive research and some practice currency trading (without risking actual capital), and then set up an account with a broker you trust. You can then put your proverbial toe in the water, with smaller trades that involve little or no leverage until you understand the FOREX market better. Quién sabe? Perhaps George Soros will eventually be asking you for advice.

Visión de conjunto

This is a 4-hour seminar specifically designed for anyone interested in getting involved with the Forex industry. The participants will have the chance to go through the τimeline of Forex evolution that gave birth to Forex trading as we all know it today. The Forex terminology (Bid, Ask, Spread, Long, Short, Lot, Pip, Majors, Crosses, Exotics, Leverage, Margin, STP, ECN, Market Maker etc) will be explained thoroughly with examples on the MT4 platform. The major technical tools available on the MT4 platform will be presented along with examples, exercises and case studies of Opening, Modifying, Closing and Deleting Orders. Furthermore, major technical analysis tools will be explained in real time, along with high probability entry and exit points. Certificate of attendance will be awarded to all participants.

Learning Outcomes

By the end of the course, the participants will be able to:

Appreciate the Foreign Exchange Market

Understand the inner-workings of the market

Comprehend the concept of leverage

Learn the basic terminology of MT4

Open, Close, Modify and Delete orders

Apply major technical analysis tools on the charts

LEVERAGE YOUR KNOWLEDGE

Syllabus

The Foreign Exchange Market

What is FOREX?

Market Structure

Broker Types

Leverage your Capital

Currency Pair Anatomy

What is a pip's worth?

Orders

Technical Analysis Tools

Customization "tricks"

High Probability Entry and Exit Points

The Formula of Success

What is Trend?

Long and Short positions

High Probability Entries

Riding the Trend

Lock profits

Protect your Capital

High Probability Exit Points

Putting it All Together

Swing Wizard Indicator

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Forex Trading 101

Continuing on with my Forex 101 series I thought I would go to the very nuts and bolts of it all and walk you through the basics of FX trading and hopefully along the way to help you understand better what can be at times a very confusing, scary and possible disastrous world for the retail trader.

Forex trading – Basic overview:

Forex trading at its most basic is kind of like flipping a coin, theoretically you have a 50% chance of winning, only in FX your betting on whether a currency goes up or down. If you buy let’s say the EURUSD your beating that the EUR gains strength and goes up against the USD but we all know it’s not that simple and there are a lot of factors involved in making an educated, profitable trade. We won’t go into detail about that in this article as it’s for the complete beginner.

Wikipedia describes forex as the following. The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. Los principales participantes en este mercado son los grandes bancos internacionales. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.

The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”, although a few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars.

This is a great place to start as it is the most basic of functions in FX. A PIP or “Percentage In Point” is the measurement of how the market moves. You may hear on the news that the “Aussie Dollar” had a strong day moving 200 “PIP’s” against the US Dollar, meaning if it had a starting position of 0.92180 it would have moved to 0.92380.

PIP’s are calculated and move in units of 1 so depending on the size of your position (how many lots) would determine how much each pip is worth per tick. Let’s say you placed a mini lot or a $10k position the market value for each tick or PIP would be worth $1. So even with a small trade a movement of 200 pips would equal a $200 gain.

A lot is the standard trading term referring to the amount or volume of currency you are either buying or selling.

There are 3 types of “LOT” or position sizes;

Micro lot, which is worth $1,000

Mini lot, which is worth $10,000

Standard lot, which is worth $100,000

Having these different sizes helps traders place different sized trades in a speedy manner. You can of cause place any type of trade you need depending on the position required i. e. a large position would be 50.00 standard lots or $5,000,000 and a small trade would be 0.03 or $30,000.

Normally the average investor is too small to enter the forex market place which is dominated by what’s called tier 1 banks i. e. your Deutsche Bank, UBS and JP Morgan’s etc. but with leverage someone with a modest investment of $1000 using leverage of 100:1 now has buying power of $100,000. Leverage is one of the most important facets of trading FX and by utilizing companies such as Tradeview you can be a part of the largest market in the world with daily volumes on over $5 trillion.

Leverage needs to be properly understood because it can work against you as well. Many Forex brokers entice customers by offering massive leverage like 1000:1 this sort of leverage seems great at first because the amount of money needed to buy and hold a position is smaller with the same profitability should your trade move in your favor but like a double edged sword can just quickly move against you.

Example: If you place a one mini lot ($10,000), each pip would be worth around $1. If you gain 5 pips, everything is great, you used $50 and made a 10% return. If you lose 5 pips, you have a 10% loss just as fast.

Think of margin as a down payment to hold the trade you just placed that is larger in value, like you would if buying a new car or house. As mentioned before currency pairs are traded in either standard, mini or micro so if a trader buys 1 standard lot ($100,000) of the base currency while selling the same about of the counter currency.

Example: When the ask price for EUR/USD is 1.2500, 100,000 Euros are bought while 125,000 Dollars are sold. For a standard contract (1 Lot) in which the USD is the counter currency 1 pip will equal $10 ($1 for a mini lot). For all other pairs exact pip values are slightly different and range from $8 to $10.

One thing I tell all of my clients who are new to forex is to download a demo and test every aspect of what we just covered until you are totally confident you understand what you are doing, then and only then should you think of investing real money.

Feel free to download Tradeview’s free demo platform HERE .

El informe de Rhino es escrito por un comerciante que escribe con soltería de propósito. Para cargar la velocidad completa, no retener, y llegar a la historia real. THIS IS NOT FOR A COWS Warning - The opinions expressed are written by a Three-ton Rhinoceros who is irritable, disgusted and angry about the Economy. The Reports are "AS Real as it Gets" So, be alert for opportunities, however read at your own risk. All content provided Rhino Report is for informational purpose only. The owner of this blog makes no representation as to the accuracy or completeness of any information on this site or found by following any link on this site.

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‘Forex 101’

Foreign Exchange Or ‘Forex’ Is Simply the Buying And Selling Of Money

Forex trading is very simple to understand and the odds are you’ve already done a trade without you perhaps even knowing it!

Trading forex is identical to you buying foreign currency at the airport, ready for a business trip or holiday abroad. The foreign exchange counter will offer you a conversion rate for your home currency e. g. US Dollars, in exchange for the British Pounds Sterling you need for your trip to the UK. You consequently sell some ‘USD’ to buy ‘GBP’.

At the airport on your way home, as you no longer need them, you convert (sell back) your remaining GBP and receive US dollars. However this time the conversion rate will be different for 2 reasons:

There is both a ‘buy price’ and a ‘sell price’ offered by any Bureau de Change or forex broker at any one time and the difference between the two prices is called ‘the spread ’. So even buying a load of GBP and selling them back immediately will result in a small loss for you due to the spread

The currency markets are constantly moving and hence the relative value of any currency differs by the day or even hour/minute

Forex trading is really no different to changing money at the airport, it’s just done on a larger scale.

Size Matters!

The forex marketplace is the largest financial market in the world with $4 trillion traded on average every day. That’s more than 50 times the volume of all the world’s major stock markets combined!

The ‘spot forex ’ market traded by retail traders (you and I) is somewhat smaller at just over $1 trillion, but it’s still massive and very liquid (the amount of buying and selling happening at any given time). High liquidity means it’s not only very easy to place many orders, but also very large orders and get them filled at the desired price instantly, nearly all the time.

Forex Trading Is Done In Currency Pairs

When placing a forex trade you are simultaneously buying one currency by selling an equal value of another. The most traded currency pair in the world is the Euro/US Dollar pair (Euro for short), quoted by forex brokers as ‘EUR/USD’.

When traders say they are ‘going long ‘ on a currency pair (buying it), what they are really saying is that they’ve bought the first currency in the pair whilst selling the second, or in the case of the EUR/USD example, bought Euros by selling US Dollars.

Conversely ‘going short ‘ means selling the first currency in the pair and buying the second.

Currency Pairs Have A ‘Bid’ (sell) And An ‘Ask’ (buy) Price

As mentioned briefly above, this means if you want to sell a currency pair (go short ) you will be quoted a slightly lower price than if you wanted to buy it (go long ). The difference between the two prices is called the ‘spread ‘ and this is the principle means by which your broker makes his money from every trade i. e. by taking a very small slice of money in lieu of a transaction fee.

Spread sizes differ between currency pairs based upon market volatility and the liquidity of the currency pair. Frequently traded, highly liquid pairs like the Euro dollar (EUR/USD) have a small spread whereas less traded pairs like the ‘exotics’ (see below) can have very large spreads.

Example forex broker quote showing the bid price on the left and ask price on the right for the EUR/USD currency pair

The image on the left shows a typical broker price for the EUR/USD currency pair.

The big number on the left is the ‘bid’ or sell price (1.2954), whilst the number on the right is the ‘ask’ or buy price (1.2956). The spread therefore, at this time is the difference between the two numbers = 2.3 pips (centre top figure).

As you can see pairs are normally quoted to 4 decimal places. This means that 1 Euro is worth $1.29 plus 56/100’s of a cent if you were buying or $1.29 and 54/100’s if you were selling.

One one-hundredth (1/100) of a cent is called a ‘pip ’ in forex, so if price moves up from 1.2956 to 1.3056 i. e. 100, then we would say it has risen 100 pips.

Example forex broker quote for the USD/JPY currency pair

The image on the right shows a typical broker price for the USD/JPY currency pair.

To confuse matters a little bit (sorry!), any pair that includes the Japanese yen (JPY) is only quoted to two decimal places. In this example the big number on the left is the ‘bid’ or sell price (82.72), whilst the number on the right is the ‘ask’ or buy price (82.75 ). The spread therefore at this time, is again the difference between the two numbers = 2.4 pips.

This mean therefore that 1 dollar is worth ¥82.72 if you were looking to sell or ¥82.75 if you were buying.

Finally a decrease in the value of the USD/JPY pair from 82.72 to 81.72 would be a fall of 100 pips.

The Majors

There are many currency pairs but the most widely traded, have the greatest liquidity and smallest spreads are called ‘the majors ’. The major pairs all involve the USD and whilst strictly speaking there are only four, these days the Aussie, Loonie and Kiwi (known as the commodity pairs ) are regularly included too.

Currency symbols have three letters, where the first two letters identify the country and the third the country currency name, e. g. GBP = Great Britain – Pounds

The major pairs are all traded against the USD, however for the pairs in red the USD is the ‘quote currency ‘ i. e. 1 unit of the first currency = X Dollars (see the EUR/USD example mentioned above).

However, the blue pairs are quoted the other way around and so the USD is considered the ‘base currency ‘ i. e. 1 Dollar = X amount of other currency (see the USD/JPY example mentioned above).

This can take a little bit of getting used to but you’ll get the hang of it with time! Just remember all currency pair quotes mean the amount of the second currency that can be bought/sold for 1 unit (e. g. 1 Euro, Pound or Dollar) of the first in the pair.

The Minors

After the ‘majors’ there are the ‘minors’ which are the cross traded pairs of all the majors such as Pound Sterling with Japanese Yen (GBP/JPY) or Euro against Pound Sterling (EUR/GBP). Cross pairs tend to be traded less and consequently usually have slightly larger broker spreads.

The Exotics

Finally there are the ‘exotic pairs’. These are the currency pairs of all other currencies e. g. USD/SEK (US Dollar/Swedish Kroner). These are rarely traded by retail traders and low liquidity means the spreads can be very large indeed. Many retail brokers simply don’t offer them for trading. In short, you needn’t concern yourself with these pairs!

Forex Market Structure

The forex market is very different to the stock market. With stocks there are buyers and sellers, and in between them a central exchange such as the London or New York Stock Exchange which controls the price and all trades must go through the exchange.

Forex is different in that there is no central exchange. Called an ‘over-the-counter ‘ or ‘interbank market ‘, it is run by a collection of electronically linked banks, hedge funds and currency dealers, all linked by electronic trading networks 24 hours a day. Because there is no controlling body and just a collection of buyers and sellers there is no ‘one’ or ‘true’ price for any currency pair.

Think of the forex market as just one large old fashioned town marketplace. There may be many farmers all selling sheep but the price of a sheep will differ between the farmers and the price will also change by the hour, day or week based on the laws of supply and demand.

Clearly it isn’t possible or practical to check out every price being offered for a currency before trading, so instead your forex retail broker will quote you a price based on an average of all the quotes they receive from the major banks.

Forex Market Opening Hours

The forex market is open 24 hours a day from 8am Monday morning Sydney/Tokyo time to 5pm Friday evening New York time, every single week of the year.

Whilst the forex market is essentially open all the time, activity in the market peaks and troughs and the best times to trade are when there is most activity/volume i. e. when there are most people trading at the same time. Not surprisingly peak times occur when the working/trading days of major global financial centres overlap e. g. when London and New York are both active.

Of course the best time to trade depends very much on your strategy time frames. If you are trading 5min charts then you absolutely need volume and market participants for best results, but if you are trading on an end of day basis then it doesn’t really matter!

Why Do Currency Values Fluctuate?

Currency values typically reflect the strength of the economy of that country. If a country has a strong economy then usually there is a demand for the exported goods of that country which of course must be bought with the national currency. Hence demand for exported goods means demand for the national currency, which in turn strengthens it.

At the same time, central banks of strengthening economies tend to raise the national base rate of interest to help regulate economic growth and vice versa. Therefore the owners of those currencies receive more interest than they would from the currencies of weaker economies with lower base rates of interest. This is similar to the stock market where stocks that have a high dividend yield are generally more valuable than those with lower ones.

How To Make Money In Forex

We’ve talked about buying and selling currency pairs but how does it work in practise? Let’s look at an example of a ‘long’ (buying) EUR/USD trade:

In the example above the exchange rate between the Euro and the US Dollar went up over night. Simply put, that means 1 Euro now has the power to buy more US Dollars which led to the $800 profit you made on the trade when you closed it (sold it back).

For a short trade we would have done the exact opposite of the above and looked for the exchange rate to fall before closing the trade and taking our profit.

IMPORTANT! . Before you pass out from shock remember, we don’t actually need $121,300 to make this trade! Instead we only need a small fraction of the money, with our broker providing the necessary ‘ leverage ‘ to cover the trade. Leverage is a vital component of forex trading.

Why Trade Forex?

There are many advantages to trading forex over other markets…

No Commissions, Fees Or Hidden Charges

Retail spot forex brokers make their money only through the bid/ask spread they offer you, e. g. around 3 pips for the EUR/USD pair. There are no other commissions, taxes or additional fees of any sort unlike other markets where additional charges may apply.

No Fixed Contract Sizes

In the futures markets for example, trading contract sizes are fixed by the exchanges. In spot forex, you set your own ‘lot’ (forex contract) or trade size, enabling traders to trade with much smaller as well as larger sums of money.

Market Hours

The forex market is open 24 hours a day from 8am Monday morning Sydney/Tokyo time to 5pm Friday evening New York time, allowing traders to trade at any time of day or night on their terms. What’s more, with just one opening bell per week this virtually eliminates the threat of ‘gapping ’ that markets with more frequent closed periods are susceptible to.

No Market Manipulation

The forex market is just too big to be manipulated by anyone. Not even central banks can truly influence a currency. Admittedly they can sometimes create very short term movements, but the whole forex market itself has to want to reverse course for an established trend to change.

Huge Liquidity

Because the forex market is so big, it’s very liquid. This means that you can place even very large trades pretty much instantly and at the price you requested 99% of the time. Similarly during trading hours you can exit any trade at any time just as easily.

Income Tax

In some countries, most notably the UK, spot forex trading can be ‘income tax free’ with the right broker account!

Forex vs. Stocks

There is no right answer to whether you should trade stocks or forex and much depends on your trading style and the trading lifestyle you want.

There are only a handful of major currency pairs and about 25 tradable cross currency pairs in total (ones where typical liquidity and broker spread makes them more easily tradable). Hence it is much less time consuming to scan them all for trade setups

There are 1000’s of listed stocks across the world and even if you focus on just one exchange that will still potentially involve scanning 100’s of stocks. Clearly this is far more time consuming but also gives far more opportunity to find that ‘perfect’ setup

24/5 market means you can trade at pretty much any time of day or night to suit your trading style or lifestyle

Most stock exchanges are open for just regular business hours during the week limiting time for ‘intra-day’ stocks trading

Vast liquidity means orders are nearly always filled at the price expected instantly

Lower liquidity (much depends on the individual stock i. e. Google is far more liquid than a small cap stock) means there is greater risk of not getting the price you were after – called slippage

Short selling is possible as in reality there is no such concept in currency trading as one currency always has to be sold in order to buy another

There can be restrictions on the short selling of some stocks by some exchanges

Forex tends to be a lot more volatile and this is most noticeable when trading smaller time frames. Greater volatility means greater care needs to be taken

Stocks tend not to be so volatile and hence there tend to be fewer nasty surprises!

Spot retail trading charges are limited to just the spread costs

Costs really depend on what vehicle (shares, futures, options, CFDs or spread betting) you use to trade. If you are more of an investor and buy the actual stocks then there will be both spread, broker commission and possible tax charges, whereas if you are able to use spread betting then the costs are only in the spread like forex

Leverage available for spread betting and CFDs etc

By viewing any material or using the information within this website you agree that it is for general education only and does not constitute in any way trading advice or recommendation. You will therefore not hold anybody responsible for loss or damages resulting from the content provided by TradeSecret. co. The trading of stocks, indices, commodities and currencies, particularly through the use of leveraged products such as spreadbetting or CFDs, carries a high level of risk as well as reward. The possibility exists therefore that you could lose not only your initial margin funds but also be required to deposit further sums to cover your positions. Both an understanding and acceptance of this risk is a necessary prerequisite to trade financial markets and ultimately do not trade with money you can’t afford to lose. El desempeño pasado de cualquier sistema o metodología comercial no es necesariamente indicativo de resultados futuros.

CFTC RULE 4.41 – LOS RESULTADOS DE RENDIMIENTO HIPOTÉTICOS O SIMULADOS TIENEN CIERTAS LIMITACIONES. DESCONOCIDO UN REGISTRO DE RENDIMIENTO REAL, LOS RESULTADOS SIMULADOS NO REPRESENTAN COMERCIO REAL. TAMBIÉN, DADO QUE LOS COMERCIOS NO HAN SIDO EJECUTADOS, LOS RESULTADOS PUEDEN TENERSE COMPARTIDOS POR EL IMPACTO, EN CASO DE, DE CIERTOS FACTORES DE MERCADO, COMO LA FALTA DE LIQUIDEZ. LOS PROGRAMAS DE COMERCIO SIMULADOS EN GENERAL ESTÁN SUJETOS AL FACTOR DE QUE SEAN DISEÑADOS CON EL BENEFICIO DE HINDSIGHT. NO SE HACE NINGUNA REPRESENTACIÓN QUE CUALQUIER CUENTA TENDRÁ O ES POSIBLE PARA LOGRAR GANANCIAS O PÉRDIDAS SIMILARES A LOS MOSTRADOS.

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forex 101

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Forex 101

Be it that you have just heard about trading, have been trading but want to use this guide to refresh your knowledge – Please feel free. I typed up all this just for you and nothing can give me greater pleasure than to have you here on my site, reading up on this resource I put together for us. Let me just say that there is absolutely no shame in admitting that you have no knowledge about the Forex Market and Trading, just yet.

Being part of the Forex Market as an employee for a few companies gave me tremendous insight on the incredible gains made by the top 20% of traders, as well as the reasons why 80% fail. One of those reasons, is adequate education. Believe it or not, many get excited over a Bonus, irrelevant features, or temporary Perks and can even go into trading blindly. We are about to put an end to all that madness, and introduce you the right way, giving you the tools and knowledge you need in order to enter the profit roller-coaster, that is known as Forex Trading.

Welcome to the Course!

Los basicos

Trading Essentials

Chart types

Getting to know the MT4 platform

Forex 101 Knyga

Auto Trade Forex Signals Today, due to the fact that of the improvement of the Internet, and the accessibility of an affordable broadband Internet connection, it is now possible for individuals to begin an online business, work online, and even sell the financial market. Software programs are recommended for experienced traders who don’t want to spend money on Forex

These are some of the things you should consider when trading in the world’s largest financial market online. With the advancement in the Internet technology, it is now possible for people to trade in the Forex market. It is also a fact that Forex took people in the brink of financial collapse. However, the Forex market also carries an equal risk to traders.

World Bank Forex Rate With the Web, you can chat totally free despite the fact that the individual you are speaking to is half way worldwide. For inexperienced Forex traders, it is recommended that you hire a firm in order to have first-hand knowledge on how to trade currency, and also help guide you on your trades. En el

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Forex 101: Rookie Mistakes and Oscillating Indicators

January 23, 2015

(Global FX Club) One of the favorite tools of new traders is the Relative Strength Index (RSI) because it offers clear-cut, straightforward, and easy to understand analysis that attracts new traders – specifically the “Overbought” and “Oversold” readings (usually set at 70 and 30, respectively). These levels are attractive to new traders because they seem to tell us that a move is unsustainable and will be reversing soon, leading many new traders to sell overbought markets and buy oversold markets.

To be very clear at the outset: there are many brilliant and respected traders who are RSI wizards and who use this and other oscillating indicators with a good degree of success and reliability. With that said, many new traders misuse RSI and get themselves into a good deal of trouble early in their trading career. This article is going to use a period of price action from the four hour chart of USD/JPY to demonstrate some of the pitfalls of RSI analysis, both the simple “Overbought/sold” analysis and the more complicated “divergence” analysis. Hopefully it will help some of the newer traders out there temper their expectations for the RSI and other similar indicators.

Overbought / Oversold

The most basic use of the RSI, the overbought and oversold levels, measures the number of green and red closes and calculates that “strength” on a scale of 0-100. The standard readings for overbought and oversold are, as stated above, 70 and 30, though some traders push the range up to 80 and 20 to eliminate some false positives. Many new traders look for pairs to drift into these “extreme” levels before fading the move, which is not a strategy that will be successful in the long term, for a couple reasons. First, the strategy doesn’t offer anything in terms of a reliable risk/ reward ratio. An oversold bounce can be as small as 25 pips – but sometimes it takes 100 pips before it begins. It’s impossible to know what’s going to happen until it does, and if a new trader keeps trades open because price is overbought or oversold their career will end very quickly. Let’s look at some examples.

The first example (labeled #1) price breaks into overbought territory, rallies another 50 pips then finally starts to head lower. Maybe you held on to that trade for the full 50 pip stop, but most likely you were stopped out or closed it before the eventual move lower. Even if you held on, for how long would you be able to hold that short?

Example #2 is another classic example of a misleading overbought signal. Price breaks into overbought territory, rallies another 40 pips, then sells off enough to exit overbought territory, but that amount is maybe, just maybe, enough to get your trade back to breakeven before price takes off again. So best case scenario? You risked 40 pips to make 0. This is not a risk management strategy that will lead to great success. It gets worse – some overbought signals won’t even get you back to breakeven, as we see below.

Here price entered overbought territory and kept on steaming higher, pushing up about 84 pips before the first major dip. That dip didn’t get back to the breakeven point for a poorly planned overbought short, and then, to make it worse, price continued to rally, eventually moving over 200 pips higher. You can see a couple more examples in the above picture, but hopefully those three examples are sufficient to demonstrate my point. Overbought and oversold conditions do not offer tradable information. Long term trading success requires a careful selection of setups with manageable and positive risk / reward ratios. Using the RSI as demonstrated above offers none of these things. Again, I stress that there are ways to use RSI as a successful part of your trading plan – but it can’t make up the entire strategy.

Divergencia

Traders usually learn pretty quickly that overbought and oversold strategies don’t work, and they quickly move on and fall in love with next, more advanced use of RSI, the mystical world of DIVERGENCE. Another disclaimer – I like RSI divergence and will occasionally use it in my trading, and again, there are many brilliant market technicians who make great use of divergence – but once again, it’s a tool, not a panacea. Let’s explain divergence first, for those of you who may be unfamiliar. RSI divergence occurs when price makes new highs or lows and those highs or lows are not confirmed by the RSI making new highs or lows. A clear example is provided below.

You can see from the image that price pushed to new highs but the RSI actually moved lower – this is classic bearish divergence, suggesting a pullback may be in the near future, and indeed, we saw a move lower not too far after the divergence was noted. The next example is more problematic however, and demonstrates the problem with relying on divergence alone. In the example below, price becomes divergent as soon as it breaks above 102.60 and makes a new high – in this case however, price continues to climb for another 80 or so pips before finally reversing. Divergence again forecasted an eventual move lower, but in this case it wasn’t until after an additional 80 pip upside move. These divergences can last far beyond 80 pips, and it makes fading a divergent move just based on divergence a losing proposition.

Divergence should be used to provide context to a move and can act as a warning sign that a reversal may be about to take place, but nothing more than that. For example, after seeing the large bearish candle in the chart above and noting the divergence, a trader could consider shorting, knowing that the divergence adds some support the large bearish reversal candle that just formed.

Conclusión

Indicators can add a great deal of value to a trader, but only if used correctly. Noting overbought and oversold conditions and divergences is a good thing to do, but trading on them alone is a recipe for disaster.

About GlobalFX Club

At Global FX Club, our mission is to provide novice and experienced traders with in-depth analysis of the foreign exchange market.

Since we started in 2011, our team of seasoned strategists has successfully converted trader investment opportunities into tangible results. We are able to do so through our extensive coverage of key determinants in the market including the psychological factors, strategies, correlations, and level trading (Fibonacci retracement, Fibonacci extension, trend lines, moving averages, pivot points and much more).

Read more about Global FX Club

Copyright © 2015. Global FX Club Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. El alto grado de apalancamiento puede trabajar en su contra, así como para usted. Antes de decidir intercambiar divisas debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito de riesgo. Existe la posibilidad de que usted podría sostener una pérdida de parte o la totalidad de su inversión inicial y por lo tanto no debe invertir dinero que no puede permitirse perder. Usted debe ser consciente de todos los riesgos asociados con el comercio de divisas y buscar asesoramiento de un asesor financiero independiente si tiene alguna duda.

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Video 000 . This Video is an overview of how the course will work for you.

Video 001. How To Open A Demo And A Live Forex Account.

Video 002. How to add indicators to your charts.

Video 003. How to add Expert Advisors to your trading station (MT4).

Video 004. In this Video I explain what the header menu is used for.

Video 005. In this Video I explain the short cut icons .

Video 006. Understanding how to use the Market Watch Window .

Video 007. In this Video I go over sections of the Terminal . The terminal is where you will see all your live orders and live trades in action.

Video 008. How to use MT4 Templates and Create your own.

Video 009. Understanding how to use the Options section of your trading station.

Video 010. Understanding how to use the Broker Data .

Its not something that many of us tend to use. This section is ideally used for those who are creating Forex Robots that trade for them automatically.

Video 011. Understanding how to use different time frames.

Remember this! The higher the time frame you use, the more stable the outcome will be.

1 min to 15 minute charts tend to be used for Scalping or to perfect entry points / exit points.

"The #1 Reason For Losing"

Video 012. Understanding what Leverage is.

In this Video I go over the options of using Leverage. Trading too high of a Leverage is one of the #1 key's of losing all your money!

Video 013. Understanding the basic concepts of Money and Risk Management.

Video 014. Understanding how to project your earnings.

There's nothing better than waking up one day and start to prepare how much of a check you're going to write yourself this time!

With careful planning and keeping ones self disciplined at all times, one will see that over time the balance just increases when we're careful. Don't rush this. Créeme.

If you had a $100 account and made $10 per day, that's $300 per month, 300%!

For me, 100 pips per day is not difficult, heck, even 20 pips is not hard.

Video 015. Understanding which times of the day to trade.

If it's one question I get asked a lot, it's when is the best time to trade.

Well, it's really down to you. No matter where you are in the world, you can enter the market any time.

There's enough Videos here to find your style. Most traders tend to stick to one method.

"They'll Rip You Apart!"

Video 016. Just a heads up to be cautious on Forex Forums .

Forex Forums are like walking on broken glass! You'll get cut if you don't tread in the right place!

Some of these guys on there know what they are talking about, but the other 99.9% don't have a clue!

They'll impress you with the image charts, etc. Thinking they know it all. When it comes to you giving your 2 cents worth, they'll rip you apart! Don't get sucked in. chose who you listen to very carefully. But don't shy away from this course!

I'm showing you the CORRECT way to trade, with NO OUTSIDE DISTRACTIONS !

What I'm going to show you in the up and coming Videos are techniques that will blow the pants off of anyone there! yeh, I'm that good. )

Video 017. Introduction to Module 2.

Now we have the basics down. Let's start stepping it up a notch and show you how to apply indicators to the charts and how to locate buy and sell opportunities.

I'm really excited to show you this section and module 3, there are some real killers of strategies here, very powerful!

Video 018. Using the Accelerator Oscillator Indicator.

The Acceleration/Deceleration Technical Indicator (AC) measures acceleration and deceleration of the current driving force.

Video 019. Using the Accumulation Distribution Indicator .

Developed by Marc Chaikin, the Accumulation Distribution Line is a volume-based indicator designed to measure the cumulative flow of money into and out of a security.

Video 020. Using the Alligator Indicator .

Alligator Technical Indicator is a combination of Balance Lines (Moving Averages) that use fractal geometry and nonlinear dynamics.

Video 021. ADX - Average Movement Directional Movement Index .

The Average Directional Index (ADX), Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Works extremely well in larger time frames. Also works well to work out when to close trades on lower time frames.

Watch the Video to understand its complexity, and how I have simplified its use .

Video 022. Awesome Oscillator

This indicator has probably got to be one the most difficult ones to use on its own.

I would not blame you if you skip this. Or if you did not practice using this Video.

However later on I will show you how to use it properly.

Video 023. Using the Bears Power and Bulls Power Indicator.

Bulls power and Bears power; the bulls and the bears struggle defines which way will the price move.

Video 024. Using the Bollinger Bands Indicator.

Las bandas de Bollinger son una herramienta de comercio técnica creada por John Bollinger a principios de los años ochenta.

Great in combination with Candle formations.

Video 025. Using the Commodity Channel Index (CCI) Indicator.

The Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions.

Video 026. Using the Demarker Indicator.

"Filter Out Any Possible Losses. "

Video 027. Using the Envelopes Indicator.

Envelopes; there are quite a few ways to use the envelopes indicator, in this Video I show you one method how you can locate buy and sell opportunities and the techniques used to filter out any possible losses .

Video 028. Using the Fractals Indicator.

The Fractals indicator is a pretty good one to use.

It depicts supply and demand levels, and is also handy to plot Elliott wave analysis onto your charts as well.

Video 029. Ichimoku Kinko Hyo

Video 030. Using the Moving Average Convergence Divergence Indicator .

MACD; Moving Average Convergence Divergence, its as the name sounds.

This indicator will allow you to find convergences and divergences in the markets.

Convergences when found you can expect the market to drop. And vice versa for any divergences found.

Video 031. The Momentum indicator is another indicator that you can use to find overbought and oversold levels, and you can use line studies for breakouts.

Video 032. Using the Money Flow Index (MFI) Indicator.

Money Flow Index; the money flow index is another overbought or oversold indicator.

Video 033. Moving Averages

The moving averages is a lagging indicator some people tend to use it to find which direction the trend is going in.

Video 034. Moving Average of Oscillator

Osma as it's better known is similar to the moving average divergence convergence indicator.

In this Video I go over some some areas to spot those buy and sell signals and ways to filter out any losses!

Video 035. Parabolic SAR

The parabolic SAR basically means "stop and reverse". As the name sounds when the market goes up it stops and then it reverses.

"A Very Powerful Indicator. "

Video 036. Relative Strength Index (RSI)

The relative strength index is also another overbought and oversold indicator and is commonly used by many traders.

The RSI is also able to show you divergences and convergences it is a very powerful indicator when used properly. -)

Video 037. Stochastic Oscillator

Once more this is also a overbought and oversold indicator and is just as powerful as the RSI indicator.

Video 038. This Video discusses a few of the indicators that we haven't discussed yet.

Video 039. Introduction to Module 3.

Now this Module not only reveals 39 strategies, 38 of which come with a template that you can apply to your chart(s).

"Strategies NEVER Revealed Before!"

Some of these Videos are strategies that have NEVER been revealed before . I make them right in front of you so you can get an idea of what to look out for when creating your own. -)

Video 040. Support and Resistance / Supply and Demand Analysis.

Video 041. Strategy 1: Accelerator Oscillator and Accumulation Distribution Indicators.

This Video comes with a MT4 Template file.

Video 042. Strategy 2: Accelerator Oscillator & Alligator Indicator.

Although its still not the perfect indicator, this Video will give you an idea how you can use it to get a better and more reliable signal from it.

This Video comes with a MT4 Template file.

"Extremely Powerful Combinations. "

Video 043. Strategy 3: Accelerator Oscillator & ADX Indicator.

The ADX indicator comes in pretty handy for finding those right areas in the market to jump in. Becomes extremely powerful when used with other indicators.

If it's one indicator I use a lot, its the ADX.

As you will see throughout these Videos, I step over the boundary and incorporate "Loss Filters" to turn a so-so signals into a more robust, powerful ones .

This Video comes with a MT4 Template file.

Video 044. Strategy 4: Accelerator Oscillator & Bollinger Bands Indicator.

This Video comes with a MT4 Template file.

Video 045. Strategy 5: Accelerator Oscillator & Commodity Channel Index (CCI) Indicator.

The CCI is a pretty good indicator, though the stuff you read online to learn how to use it, doesn't cut the mustard. Give this a whirl.

This Video comes with a MT4 Template file.

Video 046. Strategy 6: Accelerator Oscillator & DeMarker Indicator.

The DeMarker is not something I use all the time. This Video I made up on the fly to show you how quick and easy it is to find a strategy.

This Video comes with a MT4 Template file.

Video 047. Strategy 7: Accelerator Oscillator & Envelopes Indicator.

This Video comes with a MT4 Template file.

Video 048. Strategy 8: Accelerator Oscillator & Fractals Indicator.

Fractals is a good tell of Price Action to determine next TP (Take Profit) levels, and or signs of reversals or breakouts.

This Video comes with a MT4 Template file.

Video 049. Strategy 9: Accelerator Oscillator & Ichimoku Indicator.

The Ichimoku indicator has come to be one I've grown to like over the years. And not one that was easy to crack.

This Video comes with a MT4 Template file.

Video 050. Strategy 10: Accelerator Oscillator & MACD Indicator.

MACD is not the best indicator to use on its own, it can give off some false start signals from time to time, as with many of the others, however using it with the Accelerator Oscillator can help reduce those false calls.

This Video comes with a MT4 Template file.

Video 051. Strategy 11: Accelerator Oscillator & MFI Indicator.

This Video comes with a MT4 Template file.

Video 052. Strategy 12: Accelerator Oscillator & Moving Averages Indicator.

Now don't let the Moving Averages Indicator deter you. For those not in the know, Moving Averages are lagging indicators in the sense they do not give you the information you need early enough.

However we can get around that. -)

This Video comes with a MT4 Template file.

Video 053. Strategy 13: Accelerator Oscillator & OsMa Indicator.

This Video comes with a MT4 Template file.

Video 054. Strategy 14: Accelerator Oscillator & RSI Indicator.

The RSI indicator is a pretty neat one to use on its own along side some Market Sentiment Analysis; Line studies and Candle Formations.

This Video comes with a MT4 Template file.

Video 055. Strategy 15: Accelerator Oscillator & Stochastic Indicator.

The Stochastic indicator is a pretty cool tool to use too. You could make a good strategy out of the ADX, RSI and the Stochtastic together.

This Video comes with a MT4 Template file.

Video 056. Strategy 16: ADX & Alligator Indicator.

This Video comes with a MT4 Template file.

Video 057. Strategy 17: ADX & Awesome Oscillator Indicator.

This Video comes with a MT4 Template file.

Video 058. Strategy 18: ADX & Bollinger Bands Indicator.

This Video comes with a MT4 Template file.

Video 059. Strategy 19: ADX & Commodity Channel Index (CCI) Indicator.

Another unique concept to give a try.

This Video comes with a MT4 Template file.

"Try This Cracker Of A Strategy. "

Video 060. Strategy 20: ADX & Envelopes Indicator.

Remember the Envelopes? OK, Try this cracker of a strategy !

This Video comes with a MT4 Template file.

Video 061. Strategy 21: ADX & Fractals Indicator.

This Video comes with a MT4 Template file.

Video 062. Strategy 22: ADX & Ichimoku Indicator.

This has to probably be one of the strategies here that has a very strong output rate, of winners!

This Video comes with a MT4 Template file.

Video 063. Strategy 23: ADX & MFI Indicator.

Here's another strong strategy you can adopt.

This Video comes with a MT4 Template file.

Video 064. Strategy 24: ADX & Moving Averages Indicator.

This Video comes with a MT4 Template file.

Video 065. Strategy 25: ADX & RSI Indicator.

This is a powerful combination.

This Video comes with a MT4 Template file.

Video 066. Strategy 26: ADX & Stochastic Indicator.

Wanna try something with a bit more momentum, more trades ?

This strategy can be adopted on time frames 5 minutes and above.

This Video comes with a MT4 Template file.

Video 067. Strategy 27: Imacd & Accelerator Oscillator Indicator.

This Video comes with a MT4 Template file.

Video 068. Strategy 28: Imacd & ADX Indicator.

Here's an extremely powerful combination . -)

This Video comes with a MT4 Template file.

"Fun And Profitable!"

Video 069. Strategy 29: Imacd & Awesome Oscillator Indicator.

Turning a pretty confusing indicator - the Awesome Oscillator, into a fun, profitable one. :-)

This Video comes with a MT4 Template file.

Video 070. Strategy 30: Imacd & Bollinger Bands Indicator.

Ok, this time we bring the Bollinger Bands back into play. You know, a good percentage of these strategies in Module 3 can be used by any trading style.

This Video comes with a MT4 Template file.

Video 071. Strategy 31: Imacd & CCI Indicator.

Here's another way to use the CCI.

This Video comes with a MT4 Template file.

Video 072. Strategy 32: Imacd & DeMarker Indicator.

This Video comes with a MT4 Template file.

Video 073. Strategy 33: Imacd & Envelopes Indicator.

This Video comes with a MT4 Template file.

Video 074. Strategy 34: Imacd & Ichimuko Indicator.

This Video comes with a MT4 Template file.

Video 075. Strategy 35: Imacd & MFI Indicator.

You've already seen how helpful the MFI can be for us, let's try and strengthen the signal.

This Video comes with a MT4 Template file.

Video 076. Strategy 36: Imacd & Moving Averages Indicator.

Ok, I think you'll like this one, we can take advantage of the lags!

This Video comes with a MT4 Template file.

Video 077. Strategy 37: Imacd & RSI Indicator.

Let's have some fun with this one. The RSI can come in real handy with the I-Macd.

This Video comes with a MT4 Template file.

Video 078. Strategy 38: Imacd & Stochastic Indicator.

Stochastic is a little like the RSI, but faster and can give off early moves before it happens.

This Video comes with a MT4 Template file.

Video 080. Are you ready to step it up a gear? So you know how to use indicators on their own.

We know understand how to create strong signals by combining our indicators.

Now we're going to trade naked . as its better known. No indicators at all.

Just Candlestick Patterns ONLY!

Video 081. Basic Candle Formations.

Video 082. These formations are only used as a confirmation of a continuation or a reversal and for that to happen they need to be formed in as a group of them together as aposed on their own.

Video 083. Marubozu and Close Cut Formations.

Video 084. Bullish Abandoned Baby .

Video 085. Bullish Piercing Line

Ok, let's jump into this one, its a pretty reliable formation.

Now make sure that the patterns match the criteria, no Hmm's, no If's or But's, etc. It has to match 100%.

And look out for these at bottom's of trends for best results.

"Extremely Reliable Formations. "

Video 086. Bullish Morning Star.

An very reliable formation. If you find these on larger time frames like 4 hour and daily, minimum Take Profit level should be around 100 pips over a course of half a day to two days.

Video 087. Bullish Three Inside Up.

Video 088. Bullish Three Outside Up.

Video 089. Bullish White Soldiers.

Video 090. Bullish Upside Tasuki Gap.

Video 091. Bullish Rising Three Methods .

Very reliable candlestick formation.

Video 092. Bullish Mat Hold.

Very reliable candlestick formation.

Video 093. Bullish Englufing Candlestick Pattern.

Video 094. Bullish Three Line Strike.

Video 095. Bullish Breakaway.

Video 096. Bullish Thrusting line.

Video 097 : Bullish Harami.

Video 098. Bearish Abandoned Baby.

Video 099. Bearish Dark Cloud Cover.

Video 100. Bearish Three Inside Up.

Video 101. Bearish Evening Star.

Very reliable formation, just remember to wait for a confirmation candle.

Video 102. Bearish Three Outside Down.

Video 103. Bearish Three Black Crows

Video 104. Bearish Downside Tasuki Gap

Video 105. Bearish Falling Three Methods

Video 106. Bearish Advanced Block

Not found all that often, but when they are, they can turn into big winners .

Video 107. Bearish Mat Hold

Video 108. Bearish Three Line Strike.

Video 109. Bearish Breakaway

Video 110. Bearish Englufing

Video 111. Bearish Thrusting Line

Video 112. Bearish Harami

Video 113. Inverted Hammer & Hammers

These when found at the right areas of the market, are big pay days .

Video 114. Shooting Stars and Hanging Man

Video 116. Introduction to Module #5

In this module we're going to uncover some more technical analysis, but this time we're not going to use Candle patterns to get market sentiment, and we're not going to use any indicators, per say.

Instead we're going to be using line tools.

Video 117. Double Tops - Triple Tops - Double Bottoms - Triple Bottoms

These type of setups are huge pay-days!

Video 118. Head & Shoulder Tops & partes inferiores

Video 119. Rising & Falling Wedges.

When you draw these in correctly, you should almost always act off of these when they are fully formed and take the breakout.

Video 120. Rounding Tops & Bottoms.

These are little gems when found, very strong formations!

Video 121. Bump & Run.

A pretty neat strategy.

You know by now that you shouldn't really chase after the trend and just let it come to you.

Well, here's one that pulls away from you fast then gives you the option to take its retrace!

Video 122. Flag Pole & Pennant.

How often have you got in a trade, all went well, you scoop up about 80-100 pips, then you decide to close the trade off and the market continued to go in its direction you were in?

Annoying right? Incorporate this into your trading and you'll discover some continuation formations.

Video 123. Symmetrical Triangle.

These are typically used for breakout entry points.

Video 124. Acending & Decending Triangles.

The Slope of the triangle is generally the area that it will break out from.

Video 125. Rectangle Continuation.

Usually after a bottom or a top has been formed, you'll see three of these before the market retraces.

Video 126. Price Channel.

Video 127. Fibonacci Retracement Tool.

Comes in extremely handy to work out next areas of price projection.

Video 128. Fibonacci Expansion Tool.

Video 129. Fibonacci Fan Tool.

Video 130. Fibonacci Arc Tool.

Video 131. Fibonacci Time Zone Tool.

Video 132. Fibonacci Channels and Other Channels.

Video 133. Pivot High and Pivot Lows.

Another way to understand market sentiment.

"You'll Hit A Home Run!

Video 134. Multiple Pivot Line.

Add this to your studies and you'll hit that home run.

Video 135. Understanding High's and Low's.

Video 136. Median Line. Locating reversal points.

Video 137. Andrews Pitchfork and Schiff.

OK, get your notebooks out, you'll need to go through this Video a couple of times at least :-)

Video 138. Trigger Lines.

A neat strategy to find breakout points that are extremely reliable .

Video 139. Warning Lines.

Warning lines can act as a temporary point of reversal, or used as a breakout.

Video 140. Expansion Swings.

A nice earner once mastered.

Video 141. Action Reaction Method 1.

A neat strategy you can use to find accurate turning points .

Video 142. Action Reaction Method 2.

Video 143. Elliot Wave Analysis.

Video 144. Advanced Twin Peaks Method

This Video comes with a MT4 Template file.

Video 145. Price Projection Strategy.

Video 146. Question and Answer session #1 .

Video 147. Question and Answer session #2 .

Video 148. Question and Answer session #3 .

Video 149. Question and Answer session #4 .

"How I've Made A FORTUNE. "

Video 150. Live Trading Webinar #1 .

By this point in the course, I've given you the knowledge and tools to be a successful Forex trader.

The live trading webinars are sort of a bonus, as you can see me think out loud. live and unscripted . as I make some trades and answer questions.

It will give you even more insight into how I trade, and how I've made a fortune in the Forex market.

Video 151. Live Trading Webinar #2 .

Video 152. Live Trading Webinar #3.

Video 153. Live Trading Webinar #4 Part 1

Video 154. Live Trading Webinar #4 Part 2

Video 155. Live Trading Webinar #4 Part 3

Video 156. Live Trading Webinar #5

"Well Explained. Follow Along At Your Own Pace. "

The Daily Trading System is by far the most comprehensive forex course I've seen .

He covers everything from setting up your charts to dozens of different trading strategies.

Included with the system are the very templates that he uses himself to make money from the market . Follow along at your own pace.

The strategies are well explained and easy to implement . On the weekends, when the markets aren't moving, you can take time to try many of the strategies that he presents to derive your own trading style. A plethora of combinations are all right here in the Daily Trading System Forex Course.

David New Orleans, LA

"I'd Recommend Your Coaching In The Blink Of An Eye"

Your video training on trading forex left me totally speechless.

I've known some hotshot traders during my time within investment banking, but you're a cut above.

The best thing though is how simple and easy you've made it for normal folk to get to grips with, and trade forex for themselves to make money.

I suspect the majority of people who get mentored by you will start trading forex successfully.

I was telling some of my guys just the other day - with such uncertain times in business and jobs being shed left right centre, everyone needs to learn a skill like forex so they can earn extra cash when needed. I've always hesitated to send people to forex courses, as the one's I've investigated were poor at best. They leave people feeling more confused after they finished than when they stared.

I'd reccommend your coaching in the blink of an eye.

Tuks E. London, UK Former Morgan Stanley Dean Witter - Investment Banker

"I've Bought Some [Courses] That Cost $10,000. $25,000. And None Even Come Close. "

You're NUTS! (pricing this course at the amount you have). . I would of been more than happy to have paid you at least $50,000.00 for this course. I've bought some that cost $10,000 to as high as $25,000.00. And NONE come even close to what you have provided in your Forex Course.

It's really great - spending time at home with my loved ones, and even better now I have a wife who's sharing the same interest. She didn't want to at first, though when I showed her my results she was really impressed, even though we weren't making thousands a week, a few hundred a week at first.

Now I can't stop hearing my Wife saying "Is this signal a good one".

I'm totally blown away.

My upmost respect goes out to you,

Thank you, thank you, thank you.

Paul J. South London

*Results not typical. (Required disclaimer)

READ THIS BEFORE CONSIDERING ANY INVESTMENT RECOMMENDATIONS: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.

NFA y CTFC Descargo de responsabilidad obligatorio: La negociación en el mercado de divisas es una oportunidad desafiante donde los rendimientos por encima del promedio están disponibles para inversionistas educados y experimentados que están dispuestos a tomar un riesgo por encima del promedio. Sin embargo, antes de decidirse a participar en el comercio de divisas (FX), debe considerar cuidadosamente sus objetivos de inversión, el nivel de experiencia y el apetito por el riesgo. No invierta dinero que no puede permitirse perder.

RENUNCIA DE GANANCIAS TODOS LOS ESFUERZOS SE HAN REALIZADO PARA REPRESENTAR EXACTAMENTE ESTE PRODUCTO Y SU POTENCIAL. NO HAY GARANTÍA DE QUE USTED GANARÁ NINGÚN DINERO USANDO LAS TÉCNICAS Y IDEAS O SOFTWARE PROPORCIONADOS CON ESTE SITIO WEB. LOS EJEMPLOS DE ESTA PÁGINA NO DEBEN SER INTERPRETADOS COMO PROMESA O GARANTIA DE GANANCIAS. EL POTENCIAL DE GANANCIA ES TOTALMENTE DEPENDIENTE DE LA PERSONA QUE UTILIZA LA INFORMACIÓN INCLUIDA EN ESTA PÁGINA, LAS IDEAS Y LAS TÉCNICAS. NO PURPORTAMOS ESTO COMO UN ESQUEMA RICO. SU NIVEL DE ÉXITO EN LA ATENCIÓN DE LOS RESULTADOS RECLAMADOS EN ESTA PÁGINA DEPENDE DEL TIEMPO QUE DEVOTE A LAS IDEAS Y TÉCNICAS MENCIONADAS, SUS FINANZAS, CONOCIMIENTO Y DIVERSAS HABILIDADES. DADO QUE DICHOS FACTORES SEAN DIFERENTES SEGÚN LOS INDIVIDUOS, NO PODEMOS GARANTIZAR SU ÉXITO O NIVEL DE INGRESO. TAMPOCO SOMOS RESPONSABLES POR NINGUNA DE TUS ACCIONES. LOS MATERIALES EN ESTA PÁGINA PUEDEN CONTENER INFORMACIÓN QUE INCLUYE DECLARACIONES PROSPECTIVAS QUE DAN NUESTRAS EXPECTATIVAS O PREVISIONES DE FUTUROS EVENTOS. USTED PUEDE IDENTIFICAR ESTAS DECLARACIONES POR EL HECHO QUE NO SE RELACIONAN ESTRICTAMENTE CON LOS HECHOS HISTÓRICOS O CORRIENTES. UTILIZAN PALABRAS COMO ANTICIPAR, ESTIMAR, ESPERAR, PROYECTAR, INTENTAR, PLANIFICAR, CREER Y OTRAS PALABRAS Y TÉRMINOS DE SIGNIFICADO SIMILAR EN RELACIÓN CON UNA DESCRIPCIÓN DE RESULTADOS POTENCIALES O DESEMPEÑO FINANCIERO. CUALQUIER Y TODAS LAS DECLARACIONES PREVIAS QUE MIRAN AQUÍ O EN CUALQUIERA DE NUESTRO MATERIAL DE VENTAS ESTÁN DESTINADAS A EXPRESAR NUESTRO OPINIÓN DEL POTENCIAL DE GANANCIAS. MUCHOS FACTORES SERÁN IMPORTANTES EN LA DETERMINACIÓN DE SUS RESULTADOS REALES Y NO SE HACEN GARANTÍAS QUE USTED ALCANZARÁ RESULTADOS SIMILARES A NUESTRO O ALGUIEN OTRO, POR FAVOR NO SE HACEN GARANTÍAS QUE USTED LOGRARÁ CUALQUIER RESULTADO DE NUESTRAS IDEAS Y TÉCNICAS EN NUESTRO MATERIAL.

CFTC REGLA 4.41 - LOS RESULTADOS DE RENDIMIENTO HIPOTÉTICOS O SIMULADOS TIENEN CIERTAS LIMITACIONES. DESCONOCIDO UN REGISTRO DE RENDIMIENTO REAL, LOS RESULTADOS SIMULADOS NO REPRESENTAN COMERCIO REAL. TAMBIÉN, DADO QUE LOS COMERCIOS NO HAN SIDO EJECUTADOS, LOS RESULTADOS PUEDEN TENERSE COMPARTIDOS POR EL IMPACTO, EN CASO DE, DE CIERTOS FACTORES DE MERCADO, COMO LA FALTA DE LIQUIDEZ. LOS PROGRAMAS DE COMERCIO SIMULADOS EN GENERAL ESTÁN SUJETOS AL FACTOR DE QUE SEAN DISEÑADOS CON EL BENEFICIO DE HINDSIGHT. NINGUNA REPRESENTACIÓN ESTÁ HECHA QUE CUALQUIER CUENTA TENDRÁ O SERÁ PROBABLE A LOGRAR GANANCIAS O PÉRDIDAS SIMILARES A LAS MENCIONADAS.

Terms of Use Your use of this educational website and video and material indicates your acceptance of these disclaimer. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of this website or video. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk. Copyright В© Forex Trading Course 101, 1501 Fairwood Circle, Brampton, Ontario, Canada / Contact: support@forextradingcourse101.com

Forex 101: Forex Basics – The Requirements

So I finally started doing a post about the basics of forex trading. This post will not tackle the things like how the forex market work as you can head over to babypips. com or post in the comments section for that and we will try to answer you. We will talk about the things you need to get started trading. Things that are important to the success of your trading career and things you need to remember to not go bankrupt.

To keep on trading and learning at the same time and not blowing your account. Your first goal in trading as a newcomer in this business is to last. Not to make profit, but to last . How many months can you go on trading before you hit 0 on your fund. We can mind the profitability later, what you need first and foremost is experience.

1. You Need to Have Money / Capital / Funds / Moolah – In order to make money work for you, you need to have your workers gathered up. Money makes more money if placed in the right spot. You don’t need to have a lot of it, just enough to get you started. $100 – $1000 is probably more than enough.

2. A Trading Account (Real and Demo) – You need a trading account to start trading in forex. There are a lot of brokers around the internet and I suggest you do some research first before giving them your money. There are a lot of scams out there so be careful.

You need a demo account to practice your trading strategy. You need real account to practice your trading strategy with the components of emotions and the feeling of earning and losing money.

3. A Trading Strategy – In any business, you need a strategy and forex is the largest business in the world. Your entry and exit strategy and money management skills will play a big role in your success. Create your own trading strategy and practice it with your demo account for at least 6 months.

You can develop you own trading strategy or customize the strategy of others. You can find a lot of strategy from books and indicators. Do your research well and practice it. Just make sure you follow it when you trade, you already invested a lot of time developing it.

4. Competitiveness – Forex is the battle between the bulls and the bears. The buyers and the sellers. You will win and lose sometimes. The important thing is, do you have what it takes to get back up in case you lose? The players in the forex market are billionaires, banks, retired generals, business tycoons, politicians, managers, retired olympic athletes which are the most competitive people in the world and you’re about to take them head on. You should be well prepared of the lost and keep moving on up to the point till you become successful.

Things You MUST NOT Have

1. Emotions – Its like poker. Emotions cloud your judgement. You need to have a strategy and the discipline to follow it. Do not give in to emotion. Emotion has no place in the market.

2. Ego – You don’t need ego. Admit it when you’re wrong and cut your losses.

If you have questions or suggestions for the next forex 101 series of posts, kindly put them in the comment section below.

Hola. I’d like to invest into forex trading but i don’t know how and where to start. Is there any seminar about forex trading in the Philippines? And what are the online forex brokers do you suggest that i open my account to? Muchas gracias.

Hola. Can you advice a good demo trading account to start with? I would like to start investing and going through a demo account before the real thing can help me prepare. Gracias

Hi, I’ve been reading your blog and may I say that it is good to see another young professional who is thinking of actually investing and making his/her money work for them. I do have a very important question though on to which broker would you suggest? There are a lot of brokers out there but I would like to know which broker works well especially with us here in the Philippines. There have been a lot of scammers out there and would like to know, with your experience, on which broker you chose and why. Gracias.

FXCM is the largest fx retail broker in the world today. I believe you won’t be scammed if you use them. I have an account with them and so are with other brokers.

Forex and CFD’s are leveraged products that carry a high degree of risk to your capital, and it is possible to lose more than your initial investment. Leveraged trading may not be suitable for all investors, so please ensure you fully understand the risks involved and seek independent advice if necessary.

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Forex Fundamentals 101: Basic Economic Calendar Terms

Posted 4 weeks ago | 4:14 AM | 26 February 2016 6 Comments

We’ve been getting a lot of questions in the forums and in our Twitter and Facebook pages about some economic reports and why forex traders think they’re important. Worry not, young Padawan. They’re easy enough to understand if you look at the big picture.

First, you have to remember that the price of a forex pair is simply a reflection of the pair’s supply and demand. The evaluation of a country’s economic, social, and political dynamics influencing the demand for the currency is called Fundamental Analysis. Generally, a positive outlook for an economy translates to higher demand for its currency. For example, a decrease in the U. K.’s unemployment rate would lead to more demand for GBP. Fundamental analysis gets tricky when all the factors stated above get into the mix. For newbie-friendly purposes though, we’ll focus on the main drivers of an economy’s growth (demand side) and the common monetary policy terms (supply side) you need to know about.

Growth

Gross Domestic Product (GDP ): The most widely-used measure of economic growth rate. GDP provides the most concise summary of how well the economy’s components are doing, as reflected by the formula:

GDP = Consumption (C) + Investment (I) + Government Spending (G) + (Exports (X) – Imports (M))

Read it, memorize it, tattoo it on your wrist! DO NOT FORGET THE GDP FORMULA! When reading GDP reports, take note of the components that have increased/decreased the most, as the central banks are likely to keep close tabs on them, too. GDP is usually measured on a quarterly basis, though you can also see monthly, annual (comparing against the same period of the previous year), and in the case of the U. K. three-month (comparing months 2+3+4 against months 1+2+3) figures.

Employment

Unemployment rate: The ratio of able and willing workers who can’t find employment over the total number of workers in the work force. The lower the better.

Employment change: The net sum of all job gains and job losses from different sectors. Gains in full-time employment are preferable over gains in part-time jobs, as they provide more stable income for potential consumers.

Labor participation rate: The number of workers in the work force who are either employed or are actively looking for work. Participation rate goes down when workers are disheartened over their job prospects.

Jobless claims : The number of individuals seeking unemployment benefits. The U. S. measures the initial claimants on a weekly basis, while the U. K. counts them on a monthly basis.

Non-farm payrolls (NFP ): The number of workers in non-farm-related jobs. The report also excludes those who work for non-profit organizations, private households, and government agencies. Removing jobs from these sectors provide a better picture of the health of “average” jobs in the U. S. and their potential impact on consumer spending.

Inflación

Inflation is the increase of overall prices of goods and services over a period of time. Central banks constantly try to influence inflation, as it affects the value of their local currencies.

For example, high inflation means that businesses would need less money to pay their lenders but that consumers also would need more of their local currencies to buy the same set of goods and services. Meanwhile, consistently low inflation limits wages and investment outlook and could stunt overall economic growth.

Inflation rate: The rate of inflation. Usually measured on a monthly basis and often compared to the same period in the previous year. Core inflation measures prices without the impact of volatile items such as seasonal food and oil prices.

Consumer price index (CPI): The most common measure of inflation. It’s basically the weighted average of a set basket of goods and services, usually measured on a monthly basis.

Personal consumption expenditure (PCE ): The Fed’s preferred measure of inflation. Unlike in CPI computation, the PCE price index considers the consumers’ reactions (e. g. substitution) to previous price changes. It also uses a chained index comparing the current quarter’s price to the previous quarter instead of assigning a fixed base as the CPI does.

Comercio

Trade balance: The sum of an economy’s exports and imports. A surplus means that the value of exports had exceeded imports while a deficit means there are more imports than exports.

Forex traders pay attention to trade numbers because, aside from contributing to the GDP, export and import figures also reflect the impact of other issues such as export demand from major trading partners, currency strength, and global commodity prices.

Current account balance: Think trade balance++. Current account calculates the net foreign assets of an economy. Aside from trade balance, it also factors in the net income (loss) from foreign investments as well as net current transfers of money.

A current account surplus means that the economy is “lending” its assets to the rest of the world, while a deficit suggests that the economy is “borrowing” assets from the other economies to finance its economic activities.

Businesses

Remember the GDP formula above? Businesses make up the Investment (I) part, which is why their activities are important for central banks and forex traders.

Purchasing managers index (PMI ): Similar to business confidence surveys, PMIs are simply surveys of purchasing managers from a specific industry. Questions include their outlook on new orders, employment, and production and supplier deliveries. Readings of 50.0 and above usually imply optimism and future industry expansion, while readings below 50.0 denote pessimism and possible industry contraction.

There are lots of PMI and business confidence survey results released each month. Here are the more common ones:

By industry (manufacturing PMI, construction PMI, services PMI)

By location (Chicago PMI, Empire State manufacturing PMI, Philly Fed manufacturing PMI)

By the institution that conducted the survey (IVEY PMI, NAB business confidence, AIG services index, Caixin manufacturing PMI)

Industrial/Manufacturing production: Measures the output of the industrial and manufacturing sector. These reports represent actual production figures instead of purchasing manager outlook. Watch out for production trends, as they could influence business sentiment!

Durable goods orders: A measure of the volume of orders and shipments of items that have a normal life expectancy of three years or more. Rising equipment demand suggest that businesses are investing and could lead to more production and employment in the foreseeable future. On the other hand, falling durable goods orders hint at gloomy business sentiment and possible layoffs for some industries.

Consumidores

Going back to the GDP formula above, consumers influence the Consumption (C) part of the equation. Potential consumers can have steady jobs and wages but not spend if they have a gloomy outlook on the economy.

Retail sales: An estimate of the total sales of goods and services purchased by consumers. Core retail sales takes out volatile factors such as oil and seasonal food prices. Details of retail sales reports usually include the industries and commodities that contributed the most (or dragged on) the overall figures.

Consumer confidence: Like in businesses, consumer outlook is also important for market players. Consumers won’t spend as much for goods and services if they think that they won’t have a job or that the economy would deteriorate in the next 12 months.

Popular consumer confidence/climate/sentiment releases include surveys conducted by the University of Michigan (UoM), Zentrum fur Europaische Wirtschaftsforschung (ZEW), GfK, and the Conference Board (CB).

Housing

The housing industry might not directly affect GDP, but it does provide clues on consumer spending, economic outlook, and inflation. Here are some common housing-related reports:

Building permits: The number of authorizations given by the government or other regulatory bodies before any new or additional construction-related activity. A rise in building permits could signal increased employment and activity in the construction sector.

Housing starts: The total number of new residential construction projects. Usually released with building permits numbers.

Home sales: The number of either new or existing home sales over a period of time. It is usually released on a monthly basis and could signal trends in the housing market.

Mortgage approvals: The number of home loans approved by an authorized regulatory body. As in building permits, more approvals hint at economic optimism and increased employment and activity in the industry.

House price index: A tool that measures changes in the values of single-family homes over a period of time. The reports don’t usually include new houses or construction, and can hint at housing demand in specific areas.

Central Bank News

All of the reports above have their parts to play in calculating the DEMAND for a currency. Central banks, however, mostly try to influence economic activities by controlling the money SUPPLY.

Interest rate: One of the major tools available to central banks. Interest rate is the rate that the central bank uses to issue short-term loans to domestic banks. Low (or negative) interest rates aim to encourage borrowing and economic activity, while high interest rates aim to restrain market players from firing up the economy too quickly.

Forex traders live and breathe interest rates and interest rate speculations. For one, they also represent the rate of return for holding the local currency. One of the most popular ways to make money trading forex is to take advantage of interest rate differential, which involves buying currencies with high interest rates against a lower-yielding one.

Meeting minutes: A piece of paper detailing the whys and the hows of the latest central bank decisions. Usually released a few days after the central bank’s monetary policy announcement. Pay close attention to the factors that led the central bankers to their decisions, the dissenters, and the overall bias (dovish or hawkish) of the bank.

Required reserve ratio (RRR ): Another tool for the central bank. It’s the percentage of deposits and other liquid assets that commercial banks must store, either in its own institution or with the central bank. Central banks tend to set RRRs higher if they want to limit economic activity and lower them if they want to stimulate borrowing in the economy.

Quantitative easing (QE ): Also known as asset purchases. It’s a central bank’s way of stimulating economic activity, usually by buying government bonds and high-rated private assets.

There you have it, folks! Hope this little list helps you in identifying the economic reports you need to watch out for and the potential impact their results can have on currency price action. Don’t forget to practice by checking out our forex calendar and my latest forex snapshots !

Commodity & Forex 101

Read some articles about basic commodity & forex trading designed to give new investors a grounding in everything commmodity and forex.

Overview of Commodities By John Wilson In this article we take a look at the basics of commodities. What are commodities and what advantages do they offer the investor as an asset class? Más

Cash - No Expiration Date By John Wilson In the investment world, cash is often viewed as something that hinders investment returns as it doesn't generate interest or profit. A majority of an investor's money should be converted into investments or assets to sustain a securer future. Más

How to Invest in Commodities By John Wilson Investing in commodities is an excellent way to diversify a portfolio. Not too long ago, commodities used to require a lot of time and expertise to get right and many investors just stayed away from that area of the market. Now-a-days, there's more awareness of what's going on in the world today and it has become easier for the average investor to dedicate a nice sum of their assets to commodities. Más

A Bull Call Option Spread By John Wilson The bull call spread, also know as vertical spread, is a common futures option for investors. This option spread works by buying an option that has a strike price equal to the price of an underlying futures contract and selling another option that has a strike price greater than the underlying futures contract. Más

Conservative Futures Option Strategies By John Wilson Options are often considered to be a less risky strategy compared to futures, because there is no way you can lose more than what you bought. When dealing with futures, a trader can have unlimited risk, which can scare the average or new trader with limited assets. Más

Bear Put Spread By John Wilson Bear put spreads have become a popular futures option strategy among traders because it is considered to be less risky than buying a straight put option. In order to make this strategy work, two options are used, each the same commodity and bought on the same contract month. The only difference between the two options are the strike prices. Más

Futures Option Straddle By John Wilson A futures option straddle strategy is used when you expect a commodity to move, but are unsure in which direction it will go. An option straddle is a purchase of both a call and put option at the same strike price. For example, commodity X is trading at $5 in August, so you are able to buy a $5 August call and put option. Más

Risk disclosure - Past results do not guarantee future performance. Commodity and Forex trading involves substantial risk of loss and because of this only risk capital should be used.

Forex Broker 101

ThinkForex has a forex VPS server located in London with its headquarters in Sydney and Melbourne Australia. They are fully registered by the Australian Securities and Investments Commission (ASIC), that has strict requirements. They use TF Global Markets Pty Ltd and are licensed and regulated with AFSL number 424700. All funds must be from the ThinkForex’s account holder’s name and does not accept third-party funding.

ThinkForex offers a wide range of platforms starting with the MT4 Basic. This is for those who wish to trade at smaller amounts. The MT4 Standard is used for all trading styles which will allow you to trade in any way you wish. Just a step above that is the MT4 Pro. This is the same as the standard with some extra benefits and tighter spreads. They offer a MT4 Mobile Platform that allows you to conveniently trade from anywhere using an iPhone, iPad, Android, or Blackberry. The number of investment amounts and investors are no concern with the MAM Platform that has no limitations. Traders will have the ability to share their activities to the public with this platform. You can access your accounts from any PC or Mac using their WebTrader trading software that requires no downloads. This is free to traders who have the Basic, Standard, or Pro live accounts. To manage all trading accounts in one place ThinkForex offers a cPortal platform to complete all functions in one central place using any web enabled device. A ZuluTrade platform will allow the trader to design trading portfolio while accessing a large selection of global signal providers.

If you like precious metals, ThinkForex has a silver and gold trading through their platforms. ThinkForex’s reputation for great customer service has proven itself by winning the title for the best forex customer service at the UK Forex Broker Awards in 2012.

21 Customer Reviews of “Think Forex”

Review by john T. July 21, 2011

Forex Broker Rating

4

For me, they are the best MT4 broker. I have traded with some of the largest brokers over the years and so far, Think Forex is great and a fast growing brokerage firm. They have the best fills and spreads in the market. While some brokers advertise a spread, but reject my order, with Think Forex, every order I placed since I started with them were executed correctly. A lot of my EAs are quite profitable with them. I highly recommend Think Forex to anyone looking for a reliable broker.

Review by thex. September 19, 2011

Forex Broker Rating

1

Think Forex, for me, is not a good broker at all.

Review by alice, NZ. October 28, 2011

Forex Broker Rating

3

I would recommend Think Forex because their execution is fast and the spread is good. If they can improve their customer service like replying to the emails I sent, then I believe they are one of the best.

Review by vincent. November 19, 2011

Forex Broker Rating

3

I am quite satisfied with Think Forex. They have great executions and fills.

Review by waveprofits. January 2, 2012

Forex Broker Rating

2

Before I went live with Think Forex, I started with a demo account and it worked fine. Since they claimed that their own VPS is the best in the country, I used it. Unfortunately, the execution speed is the poorest among the other brokers I have tried — an average of 2 seconds to close an order. Anyone trading would know that speed is very important if you are using scalping EA. When my EA showed that the connection to the broker is too slow, I contacted them about it. All they said was that the connection is slow due to some technical problems. Eso es. No explanations whatsoever. It’s quite frustrating. So here is my conclusion, if you are using MDP or any scalping EA, stay away from Think Forex.

Review by jenny vegas. January 25, 2012

Forex Broker Rating

1

Stay away from this broker…They are a good example of SCAM!

Review by happy client. February 3, 2012

Forex Broker Rating

4

Here is how I rate Think Forex broker: Customer service/support 6 out of 10, Withdrawal process and amount showing in my bank account 9 out of 10, Trading transactions 6 out of 10. There is always a problem with the connection when you trade EAs. As a whole I would say they are not that bad, but neither are they great.

Review by buster. February 17, 2012

Forex Broker Rating

1

My advice would be for you to stay away from Think Forex! Once they notice that you are making a profit, they will start to make things difficult for you so you will lose money. Because of this, I’m withdrawing all my money and shift to another broker.

Review by jarvis. February 25, 2012

Forex Broker Rating

3

So far, so good with Think Forex. I have been in the foreign exchange business for a while now and I have an idea how it usually works. With the many different brokers I had been in the past, I’m happy with Think Forex as I find them honest and approachable. Their staff especially the sales manager is very professional and helpful. My only comment would be their company criteria in trading with the use of VPS which is for me, too high.

Review by nztopstar. March 5, 2012

Forex Broker Rating

1

pretty good, shame about the slippage

Review by anom. March 20, 2012

Forex Broker Rating

4

I am very dissatisfied with Think Forex. They would show you that you have tight spreads when in truth they are not tight at all since they slip you on your fills when you are trading. It also means you never make money as you have intended when you first took the trade. Their constant slippage has cost me. It also means I have to recalculate my stop loss and take profit points each time I trade. As a matter of fact, I am trading blindly with Think Forex as I never know what price my trade will be filled at. No trader should be experiencing this at all. Final conclusion: This broker does not play by the rules – they are simply another money making/grabbing company.

Review by pippuller22. April 10, 2012

Forex Broker Rating

1

Think Forex = BAD broker! Their server disconnects a LOT and their slow execution is not good for my EA. They bait you to open an account with them then change their execution time when you start making money. There are definitely better brokers out there than Think Forex!

Review by JPtrader99. April 24, 2012

Forex Broker Rating

5

Just want to set the record straight here. I have been with this Think Forex for a year now and I am saddened with all the negative comments left by other people. I belong to a trading room with dozens of other traders using this broker. A lot of the negative comments here are not even true. In contrary, their spreads and service are fantastic! Dozens of my fellow traders in our room would agree with me and we’ve been trading for a very long time.

Review by DiggerOfTruth. January 30, 2013

Forex Broker Rating

1

PUBLIC COMPLAINT AGAINST ThinkForex. com

January 27, 2013

I am a brand new client of ThinkForex. com My Live Account number is: XXXXXX.

I know virtually nothing about Forex other than through a few robots (EAs) and installing them on Demo accounts and watching their performance. I have no other experience than this in the world of Forex.

When I signed up (January, 2013) for a Live Account with ThinkForex. com they asked for information on one’s trading experience and I selected “No Experience” in the form. They knew I had no experience from the outset.

When I realized that I also qualified for a Pro Account I applied for same and also asked for leverage to be increased to 1:500. Both requests were confirmed with proofs.

ThinkForex. com Sabotaged My Account

After I allowed a bot to run and lose over 20% of my account overnight, I was surprised as this robot had a good track record in recent days. I eventually turned it off and tried my hand at manual trading on my new Live Account. Within a very short time, I became quite successful at making trades on my own. So successful, it appears, that some envious souls in the “Compliance Department” decided to – without notice, warning or reason – shut me down in the middle of trading and open trades, etc.

They sabotaged my account.

As I was making successful trades, all of a sudden, I couldn’t place orders. I tried again and again: nothing. Nothing I did allowed me to continue as I was.

Was it a glitch on my end? Bad connection? I couldn’t determine for sure.

I eventually had to phone their head office in the middle of the night (my time) and spoke to Neha, a supposed “Account Manager”, and told her what had happened and asked if she knew what was wrong: why couldn’t I trade any longer. She then informed me that my leverage was changed to 1:100. That’s right: unnamed conspirators (she refused/refuses to name them or let me speak to them, despite asking for same many times) in this so-called “Compliance Department” had devised to, and did in fact, attack me without warning or reason.

No email was ever sent to state what and/or why they had done this evil to me.

I was floored. Shocked. Traumatized. (But this was just the beginning of more wickedness against me.)

I thought, “How can this happen? This is what an enemy would do; not what one’s own brand new & first ever Forex broker – who you are paying through commissions – is supposed to even think of doing!!” (My trading netted them

3,000 GBP in commissions in a few hours!!)

They certainly wouldn’t want someone to do this to them were situations reversed. (Neha originally verbally agreed with this statement.)

Neha then said to email her the confirmation that was sent to me. “That would help,” she said.

I shouldn’t have had to do anything. THEY were and are in the wrong and they knew it and they know it. However, I sent the email as further proof. I told her to change it back to the way it was immediately.

She then sent her only response by email telling me to be “patient and understanding”. What a sick joke.

She also said that she would reply with a further email.

She never sent another email.

I didn’t try to make any other trades after the new leverage limited my ability to trade as before. Two trades were left open. Had the leverage been changed back to the original, there would have been no problem. However, as I found out the next morning, about 10,000 GBP was missing from my account balance and no trades were open.

Once again, I am further traumatized by this broker’s actions. What is going on. They are now stealing from my account. I could hardly believe it.

I was forced to phone Neha again. She then tried to wiggle out of her and her conspirator’s wrongs, to no avail. I had told her correct their malicious changes and confirmed with her the same in writing by email. She then tells me that the system “automatically” closed out the losing trades because of margin.

They had refused to change the leverage back to the original. Now she/they try to blame me for their sabotage and trauma. This was too much to bear.

I then sent them Terms of Settlement which were as follows below. (Please note that since they were wholly refused, out of hand and without even a written reply, new Terms are being drawn up presently. More trauma, more STUBBORNESS and FALSE ACCUSATIONS on their part mean more restitution that they are liable for.)

Original Terms of Settlement (For Traumas & Losses They Are Liable For)

This is the email that I sent to Neha.

No, I shall not ‘understand’ wickedness on the part of people who are being paid to be ethical.

Not only did they curse me by attacking me and my account without warning or reason, they – your company – are not doing what they would wish done to them aka The Golden Rule. I think I know why too.

Further, they have not only not repented of their original attacks, they have continued their assaults and crimes against me and my brand new account, once again without warning or reason.

Neha, you did not follow up with an email regarding these matters as you said you would…and things have now become nightmarish as you know.

I have seen what happens to companies – and people who enable them – who do these sorts of things to innocent people, and it’s not pretty, to say the least.

Here are the terms of peace:

The parties responsible for these continuing attacks on my account and soul shall be named. The named parties shall repent for these attacks in writing, signing and printing their names unless and except they are all fired. If that is the case, their names shall be given and positions held within ThinkForex as well as the one(s) who fired them. This is part of the record. The account shall be returned to its original state as per the original confirming email and leverage ratio and amounts therein. All trades closed by the guilty parties today – once again, without warning/reason – are to be reopened. As restitution for these ongoing attacks, all commissions shall be refunded and – if I trade through your brokerage in the future – all future commissions shall be 3 units per lot (not 6 as is currently charged).

If all of these terms are met, I will release all compliant parties from further actions.

From: ThinkForex Support To: Sent: Thursday, January 24, 2013 6:36 AM Subject: [#BDY-248-76355]: Leverage should be 500:1

Thank you for your email. This is to confirm that your request has been received and our compliance team is looking into it. I will get back to you as soon as I get more information in this regard. Thank you for your patience and understanding

In a follow up phone call, Neha refused – on behalf of the Company – to make any repentance, restitution or even reply to this email.

To add insult to the injuries they continue to cause, she then FALSELY ACCUSED us of “knowing” of the leverage change and blaming us for the injuries they wickedly caused and still defend. Defending the indefensible.

4 I tried to reach Neha a few more times by phone, but she repeatedly refused to answer: she knew she was guilty.

The following account is how I feel – in spirit – ThinkForex has done me in.

Imagine that you have an agreement in place with an Outfit and you are new to the whole business. Now imagine that Outfit, after you are conducting business as agreed, conspiring to sabotage your business and crush you, all while you are thinking they are out to help you “win”.

See yourself walking by a dark alley, not knowing that the Outfit’s Conspirators and Bullies are about to attack you. Without warning, you are struck on the head from behind by unknown assailants. You severely injured & traumatized as you fall to the ground. You then struggle to see just who has done this to you.

To your shock and horror, it is the very same Outfit that you are paying and have the Agreement with. As you continue to try and recover and find out why they have done this, they then – all together – start stomping on your head and laughing.

To make matters worse, they then tell you: “It’s all your fault!!”

This scenario is exactly how I feel ThinkForex. com – through its wicked agents – has treated, and continues to treat, me, their client and their victim.

Needless to say, one cannot feel safe with, nor can they trust, such wicked people.

It is clear now that I should not have accepted – without due diligence and fact checking, comparing, etc. – the very high and Number One recommendation of the software maker for the bot I used regarding ThinkForex. com. It makes me wonder if they are in bed together…

I did some extra checking on review sites for Forex traders and brokers and found out that ThinkForex meets the exact definition of a “BUCKET SHOP”, to wit:

A brokerage that takes the opposing side of all customer trades and seldom, if ever, passes orders on to the actual market. Bucket shops count on the fact that most forex traders lose money.

Since true bucket shops make money only from spread and from customers losing money, they will go to great lengths to make life difficult for customers who make money trading forex to continue to be profitable and/or to withdraw any profits.

They did exactly this to me.

Since the original Terms of Settlement (Out of Court) have been rudely refused and ignored, we now offer more expensive and public Terms of Settlement, if they do not wish to be sued in court.

TERMS OF SETTLEMENT

These terms are non-negotiable because of the ongoing and severe trauma and losses ThinkForex and its conspirators have caused and continue to cause.

1. The guilty parties – inclusive of Neha, for LYING & FALSELY ACCUSING us – shall be publicly named & shamed on ThinkForex. com’s website in a special Page for this purpose. Their crimes shall be known to all. 2. The guilty parties shall be fired – with written proof of same and the accompanying reasons – and Public Notice of these firings – inclusive of said reasons – shall also be posted on the same Page. Written confirmation of same shall be sent to the victim of their sabotage and attacks. 3. The sum of 33,000 GBP shall be paid to the victim as restitution for these wicked actions against him. 4. The victim shall – if he so wishes – trade commission-free in perpetuity using ThinkForex. com and its services. No fees shall be charged to the victim for any of ThinkForex’s services.

If these Terms are met and agreed to in writing – in full – within five (5) business days, no further actions shall be taken against ThinkForex and its principals, agents, and/or employees. ThinkForex will then be released from all guilt and liability concerning these matters detailed herein.

Conversely, if these Terms are not met within the stated time limit, more expensive actions shall commence against you, your Company and the guilty parties, personally and severally.

To quote the wise king Solomon:

Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil. & # 8211; Ecclesiastes 8:11

In Truth and to the Glory of God,

UPDATE – January 29, 2013

FURTHER HELL FROM ThinkForex!!

I decided to try and get what funds I had left in the account, after I had qualified for their 20% bonus (amounting to 1000 GBP) because I could no longer trust them.

But – and you’re going to love this – they bring up the Terms of the bonus and state, after the deposit funds are withdrawn that I have breached the Terms by withdrawing them before 60 days are up. They steal the 1000 GBP as well!!

Priceless. More theft. More wickedness.

THEY cause the trauma, they cause the theft, they LIE & DECEIVE all to steal from me and now they say the Terms are breached…but they can break every contract they wish… BUCKET SHOP BASTARDS.

****ing sickening. CURSE THEM ALL!!

Review by DiggerOfTruth. February 3, 2013

Forex Broker Rating

1

Complaint filed with the FSCL. org. nz and the ASIC.

PUBLIC COMPLAINT AGAINST ThinkForex. com

January 27, 2013

I am a brand new client of ThinkForex. com My Live Account number is: XXXXXX.

I know virtually nothing about Forex other than through a few robots (EAs) and installing them on Demo accounts and watching their performance. I have no other experience than this in the world of Forex.

When I signed up (January, 2013) for a Live Account with ThinkForex. com they asked for information on one’s trading experience and I selected “No Experience” in the form. They knew I had no experience from the outset.

When I realized that I also qualified for a Pro Account I applied for same and also asked for leverage to be increased to 1:500. Both requests were confirmed with proofs.

ThinkForex. com Sabotaged My Account

After I allowed a bot (Forex Growth Bot – it was their manual and support team that recommended ThinkForex. com as the Number One broker to use) to run and lose over 20% of my account overnight, I was surprised as this robot had a good track record in recent days. I eventually turned it off and tried my hand at manual trading on my new Live Account. Within a very short time, I became quite successful at making trades on my own. So successful, it appears, that some envious souls in the “Compliance Department” decided to – without notice, warning or reason – shut me down in the middle of trading and open trades, etc.

They sabotaged my account.

As I was making successful trades, all of a sudden, I couldn’t place orders. I tried again and again: nothing. Nothing I did allowed me to continue as I was.

Was it a glitch on my end? Bad connection? I couldn’t determine for sure.

I eventually had to phone their head office in the middle of the night (my time) and spoke to Neha, a supposed “Account Manager”, and told her what had happened and asked if she knew what was wrong: why couldn’t I trade any longer. She then informed me that my leverage was changed to 1:100. That’s right: unnamed conspirators (she refused/refuses to name them or let me speak to them, despite asking for same many times) in this so-called “Compliance Department” had devised to, and did in fact, attack me without warning or reason.

No email was ever sent to state what and/or why they had done this evil to me.

I was floored. Shocked. Traumatized. (But this was just the beginning of more wickedness against me.)

I thought, “How can this happen? This is what an enemy would do; not what one’s own brand new & first ever Forex broker – who you are paying through commissions – is supposed to even think of doing!!” (My trading netted them

3,000 GBP in commissions in a few hours!!)

They certainly wouldn’t want someone to do this to them were situations reversed. (Neha originally verbally agreed with this statement.)

Neha then said to email her the confirmation that was sent to me. “That would help,” she said.

I shouldn’t have had to do anything. THEY were and are in the wrong and they knew it and they know it. However, I sent the email as further proof. I told her to change it back to the way it was immediately.

She then sent her only response by email telling me to be “patient and understanding”. What a sick joke.

She also said that she would reply with a further email.

She never sent another email.

I didn’t try to make any other trades after the new leverage limited my ability to trade as before. Two trades were left open. Had the leverage been changed back to the original, there would have been no problem. However, as I found out the next morning, about 10,000 GBP was missing from my account balance and no trades were open.

Once again, I am further traumatized by this broker’s actions. What is going on. They are now stealing from my account. I could hardly believe it.

I was forced to phone Neha again. She then tried to wiggle out of her and her conspirator’s wrongs, to no avail. I had told her correct their malicious changes and confirmed with her the same in writing by email. She then tells me that the system “automatically” closed out the losing trades because of margin.

They had refused to change the leverage back to the original. Now she/they try to blame me for their sabotage and trauma. This was too much to bear.

I then sent them Terms of Settlement which were as follows below. (Please note that since they were wholly refused, out of hand and without even a written reply, new Terms are being drawn up presently. More trauma, more STUBBORNESS and FALSE ACCUSATIONS on their part mean more restitution that they are liable for.)

Original Terms of Settlement (For Traumas & Losses They Are Liable For)

This is the email that I sent to Neha.

No, I shall not ‘understand’ wickedness on the part of people who are being paid to be ethical.

Not only did they curse me by attacking me and my account without warning or reason, they – your company – are not doing what they would wish done to them aka The Golden Rule. I think I know why too.

Further, they have not only not repented of their original attacks, they have continued their assaults and crimes against me and my brand new account, once again without warning or reason.

Neha, you did not follow up with an email regarding these matters as you said you would…and things have now become nightmarish as you know.

I have seen what happens to companies – and people who enable them – who do these sorts of things to innocent people, and it’s not pretty, to say the least.

Here are the terms of peace:

The parties responsible for these continuing attacks on my account and soul shall be named. The named parties shall repent for these attacks in writing, signing and printing their names unless and except they are all fired. If that is the case, their names shall be given and positions held within ThinkForex as well as the one(s) who fired them. This is part of the record. The account shall be returned to its original state as per the original confirming email and leverage ratio and amounts therein. All trades closed by the guilty parties today – once again, without warning/reason – are to be reopened. As restitution for these ongoing attacks, all commissions shall be refunded and – if I trade through your brokerage in the future – all future commissions shall be 3 units per lot (not 6 as is currently charged).

If all of these terms are met, I will release all compliant parties from further actions.

From: ThinkForex Support To: Sent: Thursday, January 24, 2013 6:36 AM Subject: [#BDY-248-76355]: Leverage should be 500:1

Thank you for your email. This is to confirm that your request has been received and our compliance team is looking into it. I will get back to you as soon as I get more information in this regard. Thank you for your patience and understanding

In a follow up phone call, Neha refused – on behalf of the Company – to make any repentance, restitution or even reply to this email.

To add insult to the injuries they continue to cause, she then FALSELY ACCUSED us of “knowing” of the leverage change and blaming us for the injuries they wickedly caused and still defend. Defending the indefensible.

4 I tried to reach Neha a few more times by phone, but she repeatedly refused to answer: she knew she was guilty.

The following account is how I feel – in spirit – ThinkForex has done me in.

Imagine that you have an agreement in place with an Outfit and you are new to the whole business. Now imagine that Outfit, after you are conducting business as agreed, conspiring to sabotage your business and crush you, all while you are thinking they are out to help you “win”.

See yourself walking by a dark alley, not knowing that the Outfit’s Conspirators and Bullies are about to attack you. Without warning, you are struck on the head from behind by unknown assailants. You are severely injured & traumatized as you fall to the ground. You then struggle to see just who has done this to you.

To your shock and horror, it is the very same Outfit that you are paying and have the Agreement with. As you continue to try and recover and find out why they have done this, they then – all together – start stomping on your head and laughing.

To make matters worse, they then tell you: “It’s all your fault!!”

This scenario is exactly how I feel ThinkForex. com – through its wicked agents – has treated, and continues to treat, me, their client and their victim.

Needless to say, one cannot feel safe with, nor can they trust, such wicked people.

It is clear now that I should not have accepted – without due diligence and fact checking, comparing, etc. – the very high and Number One recommendation of the software maker for the bot I used regarding ThinkForex. com. It makes me wonder if they are in bed together…

I did some extra checking on review sites for Forex traders and brokers and found out that ThinkForex meets the exact definition of a “BUCKET SHOP”, to wit:

A brokerage that takes the opposing side of all customer trades and seldom, if ever, passes orders on to the actual market. Bucket shops count on the fact that most forex traders lose money.

Since true bucket shops make money only from spread and from customers losing money, they will go to great lengths to make life difficult for customers who make money trading forex to continue to be profitable and/or to withdraw any profits.

They did exactly this to me.

Since the original Terms of Settlement (Out of Court) have been rudely refused and ignored, we now offer more expensive and public Terms of Settlement, if they do not wish to be sued in court.

TERMS OF SETTLEMENT

These terms are non-negotiable because of the ongoing and severe trauma and losses ThinkForex and its conspirators have caused and continue to cause.

1. The guilty parties – inclusive of Neha, for LYING & FALSELY ACCUSING us – shall be publicly named & shamed on ThinkForex. com’s website in a special Page for this purpose. Their crimes shall be known to all. 2. The guilty parties shall be fired – with written proof of same and the accompanying reasons – and Public Notice of these firings – inclusive of said reasons – shall also be posted on the same Page. Written confirmation of same shall be sent to the victim of their sabotage and attacks. 3. The sum of 33,000 GBP shall be paid to the victim as restitution for these wicked actions against him. 4. The victim shall – if he so wishes – trade commission-free in perpetuity using ThinkForex. com and its services. No fees shall be charged to the victim for any of ThinkForex’s services.

If these Terms are met and agreed to in writing – in full – within five (5) business days, no further actions shall be taken against ThinkForex and its principals, agents, and/or employees. ThinkForex will then be released from all guilt and liability concerning these matters detailed herein.

Conversely, if these Terms are not met within the stated time limit, more expensive actions shall commence against you, your Company and the guilty parties, personally and severally.

To quote the wise king Solomon:

Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil. & # 8211; Ecclesiastes 8:11

In Truth and to the Glory of God,

UPDATE – January 29, 2013

FURTHER HELL FROM ThinkForex!!

I decided to try and get what funds I had left in the account, after I had qualified for their 20% bonus (amounting to 1000 GBP) because I could no longer trust them.

But – and you’re going to love this – they bring up the Terms of the bonus and state, after the deposit funds are withdrawn that I have breached the Terms by withdrawing them before 60 days are up. They steal the 1000 GBP as well!!

Priceless. More theft. More wickedness.

THEY cause the trauma, they cause the theft, they LIE & DECEIVE all to steal from me and now they say the Terms are breached…but they can break every contract they wish… BUCKET SHOP BASTARDS.

****ing sickening. CURSE THEM ALL.

Comments from an experienced trader who now owns his own brokerage.

Well, it sounds to me like they were blindsided by you making excellent profits against them, this means they would have taken the other side of your trade and expected you to lose, but taking the other side does not make them a bucket shop, using tricks to screw you out of your trades is in fact what defines a bucket shop.

Changing leverage with trades open tells me they held the other side of your positions as this is impossible in market trades.

I would suggest using the ECN as that is our most economical model by averages, The great thing about ECN is it is extremely easy to tell if the broker is doing ANY manipulation as it is SO obvious.

It is a ton of work to launch and run a brokerage (Even as Director!), it has been fun so far, but expensive and utterly exhausting.

i must say that making 300% in a night is an incredible feat, if you did that at ——- FX we would ask you to become a manager!

But making them commissions of 3000GBP from a 4000GBP account is a TON of trades, and by hand? I don’t know how you did it.

One thing you can do is lodge a complaint with their regulator. I cannot know EXACTLY what happened without seeing the your statement and then seeing their settings for your account.

But it changing your margin mid trade in any circumstance is crooked for a brokerage to do, you should be able to take them to court or have their regulator all over them if you can prove it.

We also understand that after the damage was done, they changed the leverage back to the original level…their Mission of Destruction accomplished. A Rob Talwar has had days to respond to our Terms of Settlement and has refused to do so, adding insult to injury yet again. Typical for a criminal outfit full of shit.

CONSPIRACY WIDER THAN THOUGHT

The bot mentioned in the Complaint was/is Forex Growth Robot (FGB). It is written in that bot’s manual – and also by their emailed support replies – that STINKForex aka ThinkForex is chosen and promoted as “the best” broker…

In a PIG’S EYE. Eugene Lipinsky is the name behind FGB. A Moses Virella – another Jewish name (Jews hate non-Jews and believe in Jewish Supremacy aka “Screw the Gentile/goy) is a marketing manager for STINKForex. Neha aka Necha/Nekhama is another Jewish name.

A motto for a secret entity for an antiChrist nation fits STINKForex very well:

“By deceit thou shalt do war.”

And deceive, lie, conspire, destroy, sabotage, cover-up, they do.

And lookie at what we have here! Yet another scam bot connected to – you guessed it – STINKForex!!

The link for their ad-page for FapTurbo is for ThinkForex in Chicago. Here is the web address in full: http://forextrainings. net/thinkforex-chicago/ Notice that they have it under the guise of “Forex Trainings”, as if they have the right to train anyone!!

****ING CRIMINALS. CONSPIRATORS. CURSE THEM ALL!!

These warnings are for the record and to warn as many as possible.

STINKForex Moves MyFXBook. com To DELETE Our Complaint!!

It is clear that they have contacted an “Ethan” (Staff) at myfxbook. com and moved him (bribed him?) to DELETE our Public Complaint against STINKForex on the review page for this criminal broker. As I was not going to be intimidated by filth like this, I continued to post with extra insight and facts and curses as they are due. Ethan then suspended our account there. It’s good to know that sites like myfxbook. com are in bed with criminals like STINKForex. (He falsely claims that personal and Public Complaints are “spam”. LOL! What will they think of next. All done in order to cover up for criminals. Sickening.)

They shall all burn in Hell. Amén.

More Testimonials From Experienced Traders

Ayum. Japan Rating: No Rating Date of Post: 2013-01-13 Review: I admit that they did some improvement to their depth of market information because the board comes to show not “0.0K” anymore but ALWAYS SHOWS “3.0M” now for both bid and ask of each currency pair, and when changing either bid or ask becomes “5.0M” for a moment and goes back to “3.0M”.

Still ridiculous. It is still not useful for trading at all.

Before not so. The total amount shows bigger amount as “17M” once even “60M” was seen and fluctuating continuously .

If they can not repair fully to their former level, it shows their liquidity becomes so little and which is risky for us traders.

2013-01-06 2Star They quit offering usable market depth information with one-click tool at least to me.

Till last week using one-click tool at pro account, I could see order price variation and total order amounts for bid and ask for each currency pair respectively, which was very useful for my trading.

But sometime before NY close of last week, I noticed something strange about the tool, because suddenly the total amount shown on the tool became very little, then the price varilation listed on the tool became out of order.

I thought it might be cause by sluggishness of the stock market at that hour, and hoped would be OK on Monday.

But even Monday today the tool has been showing total order amount for eur/usd is 0.0K and there is no price variation.

I contacted with their support, but no result.

I am very much disappointed at this.

If they do not offer the market depth information, they can not be a real ECN broker.

I want to know this is caused whether by their strategy change or by personal interference to my trading.

If it is caused by their strategy change, maybe I should go back to Japanese broker.

Friends, if you are also a user of the tool, please inform me whether the tool still offer you useful market depth information .

please let me inform ThinkForex HAS there TRADINGDESK department.

I did not understand what their tradingdesk department’s task is if they are NDD.

I want to see how they reply to this.

CRIMINAL COVER-UP. myfxbook CENSORS Complaint Against SCAM Broker STINKForex aka ThinkForex!!

Review by user110. January 28, 2014

Forex Broker Rating

3

Overall ThinkForex is a pretty good broker. Regulated and a good range of platforms

Review by Dante Hogan. February 1, 2014

Forex Broker Rating

5

One of the worst brokers ever. Slow executions are their specialty, slippage is terrible and service is lacklusture. Look elsewhere.

Review by Mohamad. June 21, 2014

Forex Broker Rating

1

Stay away. My initial deposit stolen. they refuse to approve and refuse to refund it. your money will never get back to you.

Review by LL. February 22, 2016

Forex Broker Rating

1

100% market maker and bucketshop…..they are PURE SCAMMERS…..If you look at their charts and compared to the rest, there is a sudden shift in price movements while the rest of the other brokers did not. VERY BUCKETSHOP. Please complain this to ASIC. I have filed one and I believe they are looking into this.

Write a Review of Think Forex

Forex Basics – What Is Forex 101?

At Forex Anatomy. com, our team of writers, analysts, and traders desire to simplify some of the complex forex trading concepts into easy-to-understand components. In other words, we “dissect” the forex market for you, and pull out all of the vital components that are necessary for productive currency trading. We will not only identify these core trading strategies, but we will also analyze these methods of trading, in the same manner that a professor would in your college anatomy class.

Now, there are plenty of resources about the forex market that you can find all over the web. However, the aim of ForexAnatomy. com is to give you a rock solid education on forex trading, and introduce you to a pattern of forex market analysis that few blogs and websites on the internet discuss. But, before we introduce you to these complex patterns of trading, it is important that you have a foundational understanding of forex basics.

So, What Is Forex?

The forex market, which is broadly referred to as the foreign exchange market, is the largest and most liquid financial market in the world, with over $5.3 Trillion in volume exchanged each day. If you compare the meager $22.4 billion per day volume of the New York Stock Exchange (NYSE), with the $5.3 Trillion per day volume in the forex market, you will notice a massive difference in billions of dollars between both markets. The NYSE is very tiny when you parallel it with the foreign exchange market. The foreign exchange market is 200 times larger than the New York Stock Exchange.

So, since you now know how enormous and gigantic the forex market is, let me explain to you the general concept of forex trading in “everyday” terms that you can easily understand.

Have you ever traveled to another country, and exchanged your native country’s currency with the currency of the country you were visiting? If so, then you had to look for a currency exchange booth in the airport and read a screen listing different currencies and their various exchange rates. For instance, if you were traveling to Norway from the United States, you would notice that every 12 cents or $0.12 is equivalent to 1 Norwegian Krone. This means that if you traveled to Norway with $100 dollars, then you would receive 851 Krone at the currency exchange desk.

When you do this, you’ve essentially traded in the forex market! You’ve exchanged one currency for another. Or in forex trading terms, assuming you’re a US citizen visiting Norway, you’ve sold USD and bought NOK (Norwegian Krone). So, you’ve already traded in the forex market without even knowing it.

There are also other synonyms that economists or investors may use instead of the common term forex market. You may hear people say foreign exchange market, currency market, forex trading, FX market, FX trading, FX spot, currency spot, foreign currency market, or currency exchange market, to identify this particular financial instrument.

With the creation of new technology, you can now trade this financial instrument anywhere, and at nearly any time. Unlike the various stock exchanges, the foreign currency market is open 24 hours a day, five days of the week . The most important global trading centers in forex are located in London, Zurich, Singapore, Frankfurt, New York, Tokyo, Hong Kong, Sydney and Paris.

Another difference between the stock market and the forex market, is that the latter has no centralized exchange center that provides one set price for a currency among all dealers and brokers. This means that the forex market is a decentralized market, and quotes for various currency pairs can vary among dealers. This may sound pretty scary to you, but since there are thousands of brokers around the world, and the competition is growing, this allows an opportunity for the free market to help in creating competitive pricing among the dealers. So, you will always end up with a good deal for your currency pair.

I have briefly explained some of the forex basics and given you an overview about how this market works, now is the time for you to build upon this foundation and take your forex education to the next level.

If you would like to learn more advanced concepts of currency trading, that will enable you to accumulate massive profits through the principle of compound interest, then I encourage you to sign up at the form below for additional resources on getting started with this multi-trillion dollar exchange.

About the Author Marvin Perry

Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor with the Slumdog Forex VIP Community, where he conducts live weekly trading webinars.

FOREX 101: Make Money with Currency trading

For those unfamiliar with the term, Forex (Foreign Exchange) is known as the foreign exchange market, ie where buy and sell different currencies. The Forex market we see today began in the 1970s, when the exchange rates and decimal points are entered in the value of currencies. Only participants in the market determine the price of one currency against another, based on supply and demand for that currency.

Forex market is unique for many reasons. As for the freedom from any external control and free competition are concerned, Forex is a perfect market. It is also the largest liquid financial market. According to various assessments, money masses in the market constitute 1 to 1.5 trillion US dollars up to date. With so much money moving, it is very unlikely that anyone could affect the value of a particular currency. Furthermore, market liquidity means that unlike the stock market, investors are able to open or close their positions within a few seconds, so constantly there are buyers and sellers.

What is also unique in the Forex market is the variety of its participants. Investors have many reasons to participate in this market, some do long-term, while others use massive lines of credit for short-term profits. This makes the foreign exchange market in an interesting for many types of investors with different strategies market.

How the Forex

Transactions in foreign currencies are not centralized in a particular place, but it is done through telecommunications. Business is conducted 24 hours a day from Sunday evening until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In most time zones, no charge to list the values ​​of currencies. After the investor wants to know that currency trading, you will contact one of these managers to carry out the operation. There are both online and live. It is a common practice in investors speculate on currency prices by acquiring a credit line (there are available only from $ 500), to increase the potential gains or losses. This is called marginal trading.

Marginal trade

Margin trading is simply the term used to refer to business done with borrowed money. This is due to the fact that Forex investments can be carried out without a source of real money. This allows investors to invest more money with little cost transfers, and getting a great position with a small amount of its current capital. Margin trading in the foreign exchange market is quantified in lots. The term “batch” refers to $ 100,000, an amount that can be obtained by putting up as little as 0.5% or $ 500.

EXAMPLE . On detect signals in the market, do you think the British Pound will go up against the US dollar. You open an account with a margin of 1% to the price of the pound is 1.49889 and expect to change the exchange ratio. Sometime in the future, your prediction has come true and you decide to sell. You sell when the pound is at 1.5050 and you get a $ 405 investment of $ 1,000, a 40% profit. (As an example of how to change the exchange rate of the day, a daily average exchange rate of Euro (in Dollars) is 70 to 100 pips).

When you decide to end a position, the amount of the initial deposit is returned to you and profits or losses are calculated. Then, once proven, profits or losses are credited to your account.

Investment Strategies: Technical Analysis and Fundamental Analysis

The two fundamental strategies in investing in forex technical analysis are or fundamental analysis. Most small and medium investors in financial markets use technical analysis. This technique comes from the assumption that all information about the market and a number of future fluctuations in a particular currency will be reflected in the price of a particular currency. This means that you must pay attention to all factors as they all have an effect on the price of the currency. Essentially, you do this type of investor is to make three basic assumptions. These are: the movement of the market considers all factors, the price movement is directly proportional to such events, and this story is repeated continuously. These investors do not try to outsmart or predict what will happen in the long term, but just look at what happened to a particular currency in the recent past, and predicted that small fluctuations continue a certain time.

Fundamental analysis is one that analyzes the current situation of the country of the currency, including things like the economy, the political situation, and other potentially important rumors. The economy of a country depends on a series of quantifiable measures such as central bank interest, the national employment rate, the level of inflation. An investor can anticipate this series of signals such as the economy will affect the victory of either candidate in elections and a government based on that knowledge as a particular currency will perform against other currencies.

Make Money with Forex Currency Exchange

Investing in Forex is one of the most beneficial forms of investment. Although the risk is high there and the ability to conduct marginal trading means that you can make huge profits with minimal investment. Another benefit of Forex is that because of the size of the global market, no one can influence their values. The opportunities presented by investing in foreign currency are the same for everyone. When we invest in Forex short term, it requires a degree of diligence, investors who use technical analysis can feel relatively confident in their ability to predict the daily fluctuations in the currency market.

FOREX 101

noviembre 9, 2015

Securities Foreign Exchange or Forex market is a global market where the buying and selling of currencies occur. These transactions take place five days a week, 24 hours a day and daily worth about 1.5 billion dollars (US). The currency market opened in 1971 when the fixed exchange market currency closed. Thanks to the technology available now, this market has grown from 70 billion dollars (US) per day to the current level.

There are approximately 5,000 institutions in Forex. Some are banks, some – and some commercial companies – forex brokers. The largest shopping centers are located Forex in New York, London, Tokyo, Hong Kong, Paris, Frankfurt, Singapore and Paris.

As mentioned above, technology has been a boom in the Forex market. With the emergence of online investing even small investors can take advantage of the Forex market. Over the years many regulations have changed to allow the implementation of smaller transactions. And there is no minimum transaction size.

Some advantages to Forex are:

The brokers earn money by using the spread, not working on a commission basis. The spread is known as the difference between the purchase price and the sale of money. The market is open, as mentioned above, 24 hours per day, 5 days per week and is available to you at the click of a button on the Internet. The Forex market is huge and priced deals and requested prices and the high number of transactions that occur each day, the market remains liquid. This means there is always a buyer and a seller for any currency.

Because there are movements between currencies even small changes can cause gains for investors. This is because the market is divided into what is called batches. Each lot is worth about $ 100,000 (US). Individuals can invest through what is called leverage. In general an investment of $ 1,000.00 can help you get started.

Forex 101: An Educational Guide for Beginners

New in the Forex market. This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market. there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

CRM for Forex Brokers 101

CRM for Forex Brokers 101

Why proper CRM usage is critical for your Forex Brokerage

For Forex Retail Brokers, CRM technology is crucial for the success of a Forex brokerage, both small and large, and will help to grow the business, reduce costs and retain existing customers.

In the past few years there has been a change in the CRM methodology concept and more and more Forex CRM vendors, integrators and technology suppliers have started to create and customize CRM solutions for the Forex industry that can be integrated to other systems in the organization.

L XCRM, part of the LXSuite solution and is based on Microsoft Dynamics CRM, and is one such solution. LXCRM’s main focus is on Forex Brokers. It’s built to support every day activities such as opening a Trading Account, Monetary Transactions Integration with Mt4 Trading Platform. LXCRM is also integrated with Mass Mailing, Affiliate Management and Lead Screening Systems. We’re currently in the process of migration to CRM 2011 and enhancing the product integration with the Trading Platform, Phone & SMS Integration.

In the Forex industry, this customization of CRM solutions, such as LXCRM, immediately spells ‘Trading Platform Integration’. This concept is also referred to as xRM – Extended Relationship Management: Adapting CRM systems to manage more than just customers.

Why we choose Microsoft Dynamics as the base for our Forex CRM

Microsoft Dynamics is the best solution in the market today for xRM solution and Integration tool since it’s based on the Microsoft. Net Framework. Using Microsoft Dynamics as your Forex Brokerage CRM solution gives your Forex brokerage significant advantages:

Enhanced Automation

Using the built in Work Flow Engine of Microsoft Dynamics we can customize business logic rules according to a client’s business model (i. e. Send email to Conversion Owner when the lead hasn’t been contacted for more than x Days).

Quick Deployment

When CRM is a part of a package solution, the deployment process is quick and clean. Using the Microsoft Dynamics plug-ins functionality allows us to develop and/or acquire already developed out-of-the-box solutions for CRM 2011.

Multi-System Integration

Connecting to other systems using API is easier and faster than ever.

Seguridad

Using Microsoft Dynamics Security Roles for users, Field Level Security (View/Edit Permissions) and field audit history out-of-the-box keeps your data safe.

Usability

User interface of Microsoft Dynamics CRM 2011 is familiar and easy to anyone who has used Microsoft Office applications.

Using your Forex brokerage CRM to improve retention

The main and most important benefit of a Forex Brokerage CRM solution is an efficient Customer Retention process. The sole purpose of a Forex CRM solution will be to enable and empower the Broker CRM users to retain more traders. The combination of a strong CRM core system along with Trading Platform Integration will make the difference. Combining Trading Platform Integration and customizing Business Logic Rules (using the Microsoft Dynamics Work Flow Engine) of can make a pretty powerful retention tool for Forex Brokers.

Imagine you could customize notifications to stakeholders (Retention Owner, Retention Manger, Trader) about a Margin Call Event Sent to CRM from the Trading Platform without having to write (or waiting for the development of ) a single line of code. Once the Margin Call Integration Feature has been developed, all one has to do is to use the data within CRM and customize different Business Rules. Since the cost of this customization is close to zero (Microsoft Dynamics Work Flow Engine is out-of-the-box), you could even change your mind!

¡Comparte esta historia, elige tu plataforma!

Qué es Forex? Forex trading is the buying and selling of currency for profit. Forex or FX is short for foreign exchange. The forex market allows people to bet that certain currencies will go up or down relative to other currencies. So, for example, a person can bet that the Euro will go up relative to the Dollar and then make a profit if it does, just like betting a stock will go up. You can do this with a variety of currencies including the Euro, the Japanese Yen, the Swiss Frank, etc. Perhaps one of the most appealing things about the forex market is that it’s open virtually 24/7. It’s also very easy to open an internet account and start trading. You can even try several free trading simulators to get an idea of what forex trading is like.

Forex isn't necessarily a more risky trading vehicle So now that we know what forex is, what is it not? There are some myths going around about forex. For one, it’s supposedly very risky because of the leverage that can be involved. This is not really true. One unique thing about forex trading is that you can trade with up to 200:1 leverage, meaning with only 1 dollar you can control 200 dollars. Certainly a person who is using 200:1 leverage can take on a lot of risk. However, just as with any other sort of leverage, there is nothing requiring you to use it all. You could just as easily use 5:1 leverage or no leverage at all. Furthermore, some brokerages automatically liquidate your account before it goes below zero and guarantee you can’t be liable for any negative balance. So with the combination of a floor on your losses, as well as not having to use extreme leverage, there’s really nothing necessarily more risky about forex trading.

Ways to Limit Losses As a matter of fact, forex trading is in some ways less risky that trading stocks or futures, for example. As previously mentioned, the forex market never closes, which means that you can avoid nasty overnight gaps which can occur in stocks. It often happens that a stock owner enters a stop loss order, but overnight something happens, and then by the time the market opens again for trading, the stock has blown past the stop loss. Because the forex market never closes, this is less likely to happen.

More Advantages What’s more, the forex market is the most liquid market in the world, which means you’ll never have a problem finding a buyer or seller. That translates into less risk, particularly compared to thinly-traded stocks. If you want to quickly get out of your position, you simply have to click your mouse. On the other hand, if you’re trading a very illiquid stock or futures contract, you could have trouble finding a buyer and lose big. And as a final note, almost all forex brokerages charge no commission and many have small or no account minimums. This means you can get started without risking a large amount of money.

Making Money With regard to making money, don’t let anyone tell you that forex is the magic pill. It’s just like any other market - you have to do your homework in order to find a real edge. Still, many people have found the unique attributes of forex to be very profitable and better than stocks. Check it out, you might like it yourself.

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The currency market is the largest and most liquid market in the world, with over $5 trillion trading hands every day. Given its significant liquidity and extended hours relative to traditional equity and futures markets, the foreign exchange (“forex”) market has become increasingly attractive to both institutional and individual traders looking to profit from price movements.

What Is Forex Trading?

Forex traders generate profits by betting on changes in one currency’s valuation relative to another currency – this is known as a currency pair. For example, suppose that a forex trader believes that the USD will appreciate relative to the EUR. They can profit from the relative appreciation by short-selling the EUR / USD currency pair, or in other words, buying large amounts of USDs with EURs.

Movements in currency markets are measured in pips, which represent a fraction of the base currency. For example, one USD pip represents $0.0001 or 1/100th of 1% or one basis point. Pips are designed to be small enough to avoid excessive volatility in the currency markets and depend on the currency in question. For example, one JPY pip is only ¥0.01 given JPY’s currency dynamics.

The majority of forex transactions are now speculative in nature, but commercial and central bank transactions represent other major components. For example, a commercial U. S. company doing business in Europe may need to convert EURs to USDs in the forex market, while a central bank may intervene in the forex market by buying or selling currency in order to influence its valuation.

Leverage in Forex

Forex trading involves large amounts of leverage—or borrowed money—since currency movements tend to be very small. For instance, a forex trader would need many millions of dollars to profit from a “large” 100-pip ($0.01) change in the EUR / USD currency pair in a meaningful way. Leverage can provide everyday retail traders with millions of dollars to speculate in the market.

The problem with leverage is that it acts as a double-edged sword. While traders can make greater returns, they also risk amplifying their losses. For example, a typical broker will provide 100:1 leverage, which means that a trader with $10,000 in cash will be able to trade with $1 million. If they utilize the full $1 million, a modest 1% gain would double their money, but the opposite would result in a complete loss.

Forex brokers may also issue margin calls when a leveraged account balance becomes at risk, since a quick market move below the threshold could result in greater than 100% losses on the account. For example, if there was a 0.8% move lower in the previous example, a broker may require that you put more money into your account or threaten to liquidate the position.

Trading Dynamics

Forex trading is driven by a combination of fundamental events and technical analysis. Often, fundamental events drive large price movements with range-bound technical trading taking place between those events. Many forex traders use fundamental analysis to determine the direction of their trades and then use technical analysis to handle the specific timing of the trades.

Fundamental events driving the forex markets include things like economic indicators, central bank actions, and political events. For example, a lower than expected GDP growth reading might cause a currency’s relative valuation to fall, while a central bank’s move to defend its currency might cause its relative valuation to rise, as was frequently the case with the Bank of Japan in the 1990s and 2000s.

Technical trends and indicators tend to drive the markets between important fundamental events. Common technical indicators like moving averages, stochastic oscillators, and Bollinger bands are frequently paired with chart analysis that looks for patterns like ascending triangles, price channels, and flags to identify high-probability trading opportunities in major currency pairs.

Risks & Rewards

The forex market is generally considered to be riskier than the equity markets, since it involves a larger amount of leverage and volatility. As a result, most forex traders aren’t investing their life savings in currencies like they do blue chip stocks. Those willing to assume the risks, however, are certainly capable of making greater returns than possible with most equities in a market that’s open 24/6.

Forex trading risks include:

• High Leverage. The forex market uses large amounts of leverage, which means that forex traders can quickly rack up losses if they are not careful. • No Upside Bias. Equity markets tend to have a long-term upside bias, due to the nature of the corporation, but forex markets do not have such a bias. • Little Regulation. The forex market is far less regulated than markets for other securities, particularly when brokers are located outside of the U. S.

Forex trading benefits include:

• Longer Hours. The forex market is open 24 hours per day from 5pm EST on Sunday until 4pm EST on Friday, offering investors anytime trading hours. • More Liquidity. The forex market is the most liquid market in the world, which means individual investors can buy and sell without market impact. • Easier to Start. Forex traders can get started with as little as $1 or even with a credit card, giving them immediate access to begin trading.

In general, most experts believe retail forex trading is more like gambling than trading equities due to the greater risks. A single trade in a leveraged account is enough to lose everything if a market were to move against a trader. That said, there are some professional traders that make consistent profits in the market and many banks and hedge funds speculate for large profits.

Prop Trading & Training

Proprietary trading, or prop trading, occurs when a fund trades with its own money rather than investor money. Over the past several years, forex prop trading firms have sprung up offering to provide individual forex traders with training and capital, letting them trade for a cut of the profits. These firms can be invaluable to those just starting out, but there are some key risks that should be considered.

• Deposits. Many prop-trading firms require some capital to begin, but those funds may be at risk if the prop-trading firm itself goes under. Escrow agreements or other security may be a better option in these cases. • Fees. Many prop-trading firms require candidates to undergo training programs that may involve the payment of upfront fees. Excessive fees may suggest that the firms are really making the money from training not trading. • Commissions. Many prop-trading firms charge a commission for facilitating trades and encourage forex traders to make a high number of trades. In some cases, these commissions might be the only source of profits.

In the end, many prop-trading firms are essentially scamming candidates by making the majority of their money on training fees, commissions, and then taking deposits when traders are unsuccessful. Forex traders interested in taking this route should look for firms operating under a profit-payout model, whereby the firm only makes money when its traders are consistently profitable.

La línea de fondo

• The currency market is the largest and most liquid market in the world, trading more than $5 trillion per day 24/6. • Forex traders generate profits by capitalizing on changes in the relative valuation between two currencies, known as a currency pair. • Fundamental factors tend to result in large trend-changing moves in currencies, while technical factors drive the trading in between. • Forex trading involves a number of serious risks and constitutes more gambling than investing in many cases. • Forex traders should be careful when consider prop-trading firms, since many of them may not have their best interests at heart.

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You may have heard of the “3 M’s” of trading; Mind, Money and Method. In this lesson, we are going to discuss the first M, the mind. Trading psychology is a critically important topic for traders to learn about early in their trading journey, because if you don’t understand the role that your mind plays in trading, you will be stuck in a cycle of never-ending trading mistakes and account blow-outs.

Trading, perhaps more than any other profession in the world, is an extremely cerebral endeavor. Meaning, most of what you ‘do’ while you are trading, takes place within your own mind. If you do not properly control your mind, you stand absolutely no chance at making consistent money in the market, in fact you will almost certainly lose money if you don’t understand and control your mind.

From my experience of working with aspiring traders, it’s become obvious to me that whilst most traders are aware that psychology is an important factor in trading, very few of them focus on it enough. Trading psychology falls into the same boat as money management for many traders, that boat is the “I’ll do it later, after I start making some money in the market” boat. Unfortunately, this boat never comes for these traders, because it’s impossible to make money in the market if you don’t make a proper and conscious effort to master your trading mindset .

The emotions of trading

To understand and then eventually conquer your trading psychology, you need to have a thorough understanding of the major emotions that you’ll undoubtedly experience as you trade the market.

Nota . these emotions mainly apply to trading a live account, demo trading does not bring out the same emotional and psychological reactions in people because there’s no real money involved.

Greed – The old Wall Street saying “Bulls make money, Bears make money but Pigs get slaughtered”, has truly stood the test of time. Greed is pretty self-explanatory, but there are some key points about it that you need to be aware of as you trade the market.

The most obvious and important aspect of greed you need to understand, is that it if you don’t control it, it will cause you to try too hard to make money in the market, which will actually cause you to lose money. Trading is obviously about ‘making money’, so it naturally invites greed into your mind, with an open door. I could literally write about greed all day, but the main thing you need to understand is that the only way you can really combat it effectively, is by understanding that the only way to make consistent money in the market, is by having patience.

If you have a small trading account, greed will not help you build it faster. What will help you, is being patient and consistent, which requires discipline. The last thing you want to do is try and over-trade or over-leverage your small account in hopes of ‘getting lucky’, because even if you do get lucky and build it up a bit, you’ve just reinforced greedy behavior, which will eventually result in you losing all your profits and blowing out your account. In short, there is no short-cut to trading success, it only comes through the power of consistency .

Euphoria – Euphoria is perhaps the most insidious of all emotions that affect a trader. You don’t normally associate euphoric feelings with ‘bad things’, but in trading, euphoria often leads to a lot of lost money. Typically, after a nice winning trade or a series of winning trades, a trader will feel good, even euphoric sometimes. Whilst feeling euphoric is not necessarily ‘bad thing’, if not properly recognized and controlled, it can lead a trader down a very, very slippery slope of trading mistakes.

As I discuss more in-depth in my article on low vs. high frequency trading. euphoria tends to negatively affect a trader by giving them too much confidence, false-confidence or over-confidence, whatever you want to call it. It seems to be part of our inherent human wiring to assume that WE were the main reason we had a winning trade, and when you have a string of winning trades, this assumption becomes even more ingrained in our mindset. Eventually, what typically happens, is that a trader begins perceiving less risk in the market than there really is, and this causes them to start taking trades that don’t meet their trading strategy criteria, also known as over-trading. This over-confidence can also cause a trader to risk more than they are comfortable with losing on a trade, and when you combine a trader who is trading too much and risking too much, you have a recipe for an account blow-out.

Fear / Doubt – Fear has its place in a trader’s psychological ‘arsenal’, if you will. However, fear can also cause a lot of problems for a trader. First off, it’s good to have some amount of fear as you trade; you want to perceive the real risk involved with any trade you take or are consider taking. You want to always be aware that you could lose on any trade you take, because your trading edge / strategy has a random distribution of winners and losers. This basically just means that, any one trade has essentially a ‘random’ outcome, even though your trading edge will have a certain overall winning percentage, that winning percentage needs to see a series of trades to play out. Thus, you should always understand that any trade you take can potentially be a loser, having this fear and understanding of risk will help you offset and control the greed and euphoria that we discussed previously.

However, fear is not all good for a trader. In fact, beyond having a realistic ‘fear’ of the risk involved in trading, fear is bad for a trader. You don’t want to be afraid to enter a perfectly good price action trading strategy. in other words, you don’t want to have too much fear. Traders typically become afraid of trading when they are risking too much money per trade (being greedy), so controlling your risk per trade properly will go a long way in helping you avoid having too much fear of trading. You should be starting to see how a lot of these emotions are connected; euphoria and quickly lead to greed and greed can quickly lead to fear. Essentially, trading is a game of consciously controlling yourself and not letting your emotions and feelings control your actions in the market.

Hope – Hope is another one of those typically positive emotions / feelings, like euphoria, that are generally negative in the realm of trading. It’s normal and almost unavoidable to feel some amount of hope as you enter a new trade; you want the trade to work in your favor, obviously. However, it’s important to understand that the market doesn’t care about you or your ‘hope’, and it’s going to do what it wants, regardless of what you want it to or what you hope it does.

Therefore, as a trader, it will behoove you to keep your hope in check. You need to understand that each trade truly does have a random outcome, because anything can happen in the market. Again, as I discussed above, this doesn’t mean that ‘trading is random’, it just means that any one trade, taken in isolation, has basically a random outcome, even though your trading strategy / edge as a whole may for example have a 55% win rate over a large sample size / series of trades. The point is this: don’t get your hopes up for any one trade, instead, you can be hopeful that IF you follow your trading strategy consistently, over time, the edge will pay off and your overall winning percentage will be realized.

Regret – Regret is something any trader who is traded real money in the market is all too familiar with. A missed trade that would have been a nice winner, exiting a trade just before it surges in your direction, suffering a losing trade that was not part of your trading strategy…these are all things that lead a trader to feel regret. However, regret literally servers no useful purpose to a trader, in fact, it will ONLY result in other more dangerous emotions, if you allow it to.

Regret causes traders to jump back into the market (typically without their edge being present) after a losing trade or after missing out on a good trade setup. I know traders who have literally regretted their way to blowing out their trading account. They did this by constantly feeling regretful after a trade, winner or loser. They regretted not getting every pip out of a move, so they would jump right back into the market to try and make more money, which inevitably resulted in a loss. They regretted losing trades and would jump right back into the market after a loser, to try and make back the money they had just lost.

I will once again frame why regret is a waste of time with the fact that each trade has a random outcome. If you truly understand and believe that each trade’s outcome is independent of the previous trade’s outcome, then you will see why regret is a waste of your time and energy. You NEED to dig up some discipline and to some degree trade with ‘ice in your veins’, because if you go regretting every trade, you’ll be on a quick route to trading account destruction.

Anger / Frustration – Anger and frustration are closely related and are sometimes difficult to distinguish from each other. The biggest problem that results from anger and frustration is causing traders to feel like they want to take revenge on the market. Getting stopped out of a trade by 1 pip, only to then see the trade rocket on your favor, can be a very frustrating event and it can even make you angry, causing you to enter a ‘revenge trade’, which basically just means you jump back into the market because you’re mad you lost money or perhaps didn’t make as much as you thought.

The psychology of a successful trader

Psychologists have made profiles of many professional groups such as the police, pilots and firemen. It is becoming more and more frequent that businesses of all sorts are beginning to request job applicants to undergo psychometric tests to see if they are suitable for the job. In these tests, certain personality qualities are seen as more desirable than others for particular lines of work.

Even more recently, psychologists, often traders themselves, have turned to looking at what attributes make the successful trader. The University of Minnesota has carried out one such study. They found:

1. Open-mindedness – Successful traders are open to new ideas. They do not close their minds off to other possibilities if these can be shown to be beneficial. They will have a successful system of their own which works for them but they are quite willing to try out other ideas that seem promising.

2 Conscientiousness – Trading requires a lot of hard work and successful traders take their job very seriously and are prepared to go that extra mile. They will not trade unless well-prepared. They also follow their trading rules without fail, not taking a trade unless all criteria are met.

Conscientious traders keep to a regular schedule and rarely diverge in trading or life. They are also meticulous in their adherence to their trading journal.

3. Personality types can be separated into introverts and extroverts – Trading is a solitary activity. One would therefore expect that introverts would do best. However, many traders like to link up with other traders within forums or otherwise and form networks for the exchange of ideas and information. This would classify them as extroverts, as they usually are in the normal daily lives. But even introverts these days are employing coaches and mentors as they realize that isolation leads to a narrow perspective and tunnel vision.

4. Helpfulness – Successful traders are willing to share their knowledge and skills with others to help them improve. They seem to sense that the odds are against them and that survivors should support one another. Many successful traders become forex trading coaches to not only benefit themselves in their learning curve but to help others attain success. They realise that not everyone can become a successful trader but they know that for some they can make a real difference.

5. Neurotics – May succeed in other professions but are not likely to succeed at trading.

A positive and win-oriented outlook is a key quality in any field and particularly in trading. This does not however mean that people who do not possess the attributes listed cannot become successful forex traders. Motivation and passion will help develop techniques to overcome any not so ideal qualities. And personality characteristics are not set in stone. In addition, overcoming such obstacles shows determination and that is a quality that makes a winner.

Analysis of oneself and identifying strong and weak points will bring fruition. Personality is important and plays a major role, for instance how self-disciplined and in control of your emotions you are. If these are lacking, then they have to be developed to become successful.

Conclusión

I trust today’s lesson has provided you with some solid information and insight into the world of trading psychology. It’s critically important that you do not underestimate the important role that your mindset plays in your overall trading performance. You NEED to make a conscious and concerted effort to control your behavior in the market, because if you don’t, you will almost certainly be controlled by your emotions and you’ll be at their mercy.

Click the following the link to see some excellent price action education videos .

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A look at some common terms you need to know if you just got started with forex.

Forex trading is quite an interesting business area mainly because you only require so little to get started, at the very least you need an internet connection, a pc and the software platform to get started. But to say that these would be sufficient for you to become successful would be a gross understatement.

I think the other essential ingredient to finding success in anything not just forex trading is having the right information or know how. I have seen countless examples of newbies in forex who come in with zeal and money to spend in hopes of making the same fortunes that they have heard other forex traders or certain gurus making. Only for them to get burned out after spending money on system after system and a bunch of software only to end up with nothing to show for it but an empty bank account and dashed hopes.

That’s why I think it is important to take time to adequately learn how forex works and practice on dummy accounts before you get down to spending your hard earned dollars. I also believe it is important to give yourself time as a learner as you seek that big break or success, sometimes it doesn’t come as quickly as you had expected.

In this post I want to look at a few basic terms in forex trading

a) Currency pair In the forex market currencies are usually traded in pairs so that a typical pair would be something like; EUR/USD 1.4452/1.4454 - In this case the 1st currency here is the Euro which will be known as the base currency. - The second currency is then the Dollar and will be known as the quote currency. ->The second part with the numbers shows the values of the currencies against each other - 1.4452 is the bid/sell price -1.4454 is the ask / buy price The difference between the two values above is known as the spread and it is the primary way in which brokers are able to make money. ie By selling the currency higher than they bought it for.

b) Pip This represents the smallest measurement of price movement between any two currencies. So that if the EUR/USD is given as 1.4300 an increase of 1 pip would equal 1.4301 Every gain is expressed as a pip and are often given as a percentage.

c) Lot A lot refers to the amount of money you trade were for example if you were to put down $10, 000 for a 0.01% pip, your lot would be the $10,000 and the value of your pip is now $1

d) Trading platform This is the software platform that you will use to make your currency trades. You may chose from a number of different platforms. So how is the money made? Well to see how the money is made in the forex trade I will try and give a practical example.

If you have a quote of EUR/USD 1.4452/1.4454 – and you get a hint that the euros will lose against the dollar so you then choose to sell about €100, 000 –> 100, 000 x 1.4452 = $144, 520.

And sure enough after a while the quote changes to EUR/USD 1.4406/1.4408 and you choose to buy €100, 000 you will have a rate of 1.4408 which will be 100, 000 x 1.4408 = 144, 080

Thus your profit will be $144, 520 – $144, 080 = $440

This may not seem like much but when you consider that you can make multiple trades like these in day once you know how to read the markets, you see how the money quickly ads up.

Forex 101

Forex trading is just another name for foreign exchange trading. It is also known as FX trading. Forex trading is the buying and selling of one currency against another.

It is the largest and most liquid of all markets. The market is open 24 hours a day, meaning that trades take place around the clock.

Normally only a few currency pairs are traded (usually the major currencies). However, a few brokers also offer “exotic currencies. Click here to see the spread of different currency pairs.

A PIP refers to the minimum price increase rate of a trade. Usually this is 0.0001. The Ask Price is the price at which a currency can be bought. The Bid Price is the price at which a currency can be sold. The Spread is the difference between the Ask price And the Bid price.

FOREX 101 Workshop

Forex 101 is an introductory public workshop organised by NUS Investment Society focusing on the basics and fundamentals of FX trading. Currently in its second year, Forex101 will feature both Research Analysts from NUS Invest, as well as Kelvin Wong, a professional technical analyst from City Index. The aim of this workshop is to impart financial and trading literacy to anyone who is interested in FX, and to assist them in kick starting their trading journey. Prices are inclusive of lunch buffet and notes.

Date . 23rd August 2014, Saturday

Time . 9.30am – 5pm (including 1 hour lunch break)

Venue . NUS Business School LT18

For more information on the speakers and content, please visit http://nusinvest. wix. com/fx101 or contact Kar Yong at angkaryong@gmail. com.

Forex 101

Forex Trading: What to Trade, When to Trade, and How to Trade Trading in the worlds largest and the most liquid financial market is one of the best ways to earn money. Here, if you know how, when, and what to trade, you can be sure that you can earn huge amounts of profit. It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight.

As a trader, you would want to grab the opportunity to earn lots of money and of course, start a trading career in Forex. The Forex market, as mentioned before, is the largest and the most liquid financial market in the world. Unlike the stock market and other financial market, Forex has no centralized location as it operates 24 hours a day at different locations around the world. Trades in this financial market are done through an electronic network.

In the past, because of the high financial requirements, Forex was only limited to large multinational corporations and financial institutions, such as banks. However, because of the advancement of the communications technology and also the existence of high speed internet, Forex in the late 90s is now available for everyone who is interested in trading in the Forex market.

Forex trading, for a beginner trader, is simply the buying and selling of different currencies of the world. This may seem simple enough for everyone, but you should also consider that a lot of inexperienced traders and some experienced traders have suffered huge financial losses in Forex.

You should always keep in mind that aside from the fact that Forex can give you a great money-making potential, Forex also has equal risks. Therefore, before you enter this market and trade, you should first consider a few things in order for you be successful in this money making venture.

First of all, you have to know how to trade currencies. In Forex trading, all you need is a personal computer with an active internet connection, a funded Forex account and a Forex trading system. There are numerous websites that offer Forex trading. In order to start trading, you have to open and fund an account first with your chosen website. After that, you can now start trading in the most liquid market in the world.

You need to have a fast internet connection in order to keep up with the updates and price movements and prevent slippages from happening. Another thing you have to consider is that as much as possible, you should register in a Forex website that offer dummy accounts so that you can practice your skills and strategies in Forex trading.

Now that you know how to trade in the Forex market, the next thing you need to know is what to trade. The Forex market involved different currencies from all over the world. It is also traded in forms of currency pairs. Here are the different currency pairs that you should consider trading in the Forex market:

• EUR/USD • USD/JPY • GBP/USD • USD/CHF • AUD/USD • USD/CAD • NZD/USD • EUR/GBP • EUR/JPY • GBP/JPY • CHF/JPY • GBP/CHF • EUR/AUD

These are the most commonly traded currency pairs in the Forex market. It is up to you to determine which currency pair you want to trade depending on market conditions. If you do it right, you can be sure that you can earn a substantial amount of income. The next and last thing you should consider is when you have to trade in the Forex market. Since the Forex market is open 24 hours a day, you can trade whenever you like. And, since it is the most liquid, you can get out whenever you like. It is just a matter of knowing if the market condition is profitable or if it is falling.

Forex traders are mostly speculators who try to predict which currency is going to increase in value and which currency will decrease in value. Speculators use Forex charts to spot a trend and determine when a particular currency will increase or decrease in value.

Now that you know how to trade in the Forex market, you can now open a funded account and start trading currencies.

Always remember that in all trades done in the financial market, you should also expect to suffer from losses. You should be prepared to deal with it and accept it. This is why you need a substantial amount of money to trade in Forex.

Never seen before! This smart and easy to use software is helping Forex traders to increase their profitability with any system.

Forex 101: An Educational Guide for Beginners

New in the Forex market? This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

The forex market is what we call a directional market, this is also known as a speculative or delta based market as well. It is similar to that of the stock market where you either long or short the stock and make or lose money based on the entry price to the exit price. It is the largest, most liquid market in the world and one where every participates in it, even if they do not know.

For example, when Jmaes Bond travels from London to New York he will have to exchange his currency, the GBP, for the USD to buy goods and services in the United States. This is the same thing we all do when we travel from any country to a foreign country. The forex market is the exact same thing, we simply take one currency and exchange it for another currency. Profit or loses are made from the entry price to the exit price depending if the currency goes up or down. It is also important to note that you can buy or sell any currency.

One thing that is different is that currencies are not traded as a single currency but as a currency pair as you are exchanging one currency for the other currency. There are major pairs, cross pairs, and exotic pairs. We primarily focus on major pairs as those pairs include the USD as it is currently the reserve currency of the world. However, we will also trade cross pairs as there are some good carry trades involving the JPY due to its long standing low interest rates and current Abenomics policies, a popular carry trade is to sell the JPY and buy AUD as the Australians typically have higher interest rates than Japan.

The value of a currency is largely based on pure supply and demand, making it a true market with smaller manipulation that other markets such as the stock and bond markets. Typically, the value is based on the fundamental strength or weakness of the home nations economy, central bank monetary policy and in the case of Canada and Australia it can be based on the value of basic materials due to their nations strong reliance of producing raw materials.

Major Currencies: There are currently seven major currencies, these include USD, EUR, JPY, GBP, CHF, CAD, and AUD. These are listed in order of most widely used in international trade as reserve currencies. Lets take a look at a few of the currencies a little closer.

USD: the USD is the home currency of the United States but is also the worlds largest reserve currency as it is the most widely used currency in international trade. The USD was create along with the United States Central Bank, known as the FED, in 1913. It was names the worlds reserve currency in 1944 during the Bretton Woods act along with the IMF and World Bank. At this point, it was pegged to the value of gold, known as the Gold Standard. In 1971 the Nixon Administration and primarily Henry Kissinger removed the gold standard and replaced it with the Petrodollar in a deal first created with the Saudi Arabia in 1973 and the rest of OPEC in 1975. This pegged the sell of oil, the worlds largest commodity, in USD which meant 90% of the worlds oil market was sold in USD. In 1999, led by Russia and China, nations started making separate international agreements with the middle eastern countries to sell oil in non-USD transactions. Currency, the USD has no complete commodity backing. However, as the worlds reserve currency the USD has substantial value in the international trade market. The USD is directly exchanged with other currencies in what is known as Major pairs, examples are the USD/JPY or the EUR/USD.

The EUR was established in 1995 and accepted as a traded currency in international markets in 1999. Currencies that are pegged to its value are the GBP and the CHF. It is the currency of the 17 member nation European Union or Euro Zone and is used by over 550 million people world wide in the local communities including millions in Africa. For years, many in the world including China wanted the EUR to replace the USD as the worlds leading reserve currency. However, due to the economic problems in the Europe, debt problems, and disagreements between member nations, many have moved away from this belief. The European Central Bank (ECB) is very similar to the United States Central Bank (FED) in that it is responsible for monetary policy in the issuing of bank notes as well as the determination of interest rates.

The JPY was establishes as far bank as 1885 and it widely used in international trade in Asian nations. Japan is home of the second largest economy and third most liquid currency. However, due to 3 decades of economic stagnation, the JPY and economy is under tremendous pressure. The JPY is also widely used in carry trades as it traditionally has very low interest rates in an attempt to spark inflation. This allows banks, institutions and professional traders the ability to sell the JPY and buy other currencies in emerging markets or the AUD as they will have higher interest rates. This allows this market participants to make money on the declining JPY as well as carry the positive interest rate. The carry trade is by far the most popular trade in the world due to the ability to carry positive interest rates.

In the next segment of Forex Trading 101, we will look into the basic definitions of the currency market.

Tackle Trading LLC is providing this site and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. This site and any information or training therein is also not intended as a solicitation for any future relationship, business or otherwise between the members or participants and the moderators. No express or implied warranties are being made with respect to these services and products.

All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.

Written by Matt Justice

Matt has been involved in the financial markets since 2005. Over the last 9 years he has developed numerous financial educational products such as: Trading Labs, Forex Success System, Stock Success System and entire trading systems. He has co-authored multiple coaching manuals including subjects such as, stock and option trading, technical analysis, fundamental analysis, and forex trading. He has taught thousands of students how to successfully navigate the financial markets in trading stock, options and forex.

6 comments

Option House automatically closed me out of a bear call spread on CMG on expiration Friday. Reason: I didn’t have enough in my account to cover the exercise of the short call. I did a long call at the next higher strike price to complete this spread. If the short call was exercised wouldn’t the long call have covered it. I had enough in my account to cover the spread. The share price never reached the short call strike price. It changed a winning trade into a loss.

Comment by David Miles on November 15, 2014 at 10:34 am

If the short call was met and went ITM and the long call was OTM then you would be assigned Short shares at the short strike and the long strike would expire worthless. To avoid this risk, some brokers take action for their traders. It seems like optionhouse is fairly aggressive with this and does it automatically. I’ve had accounts a lot of places and if there was ever an issue they always called me first. But I’ve never traded with optionhouse so I don’t know their policy on this.

Comment by Tim Justice on November 15, 2014 at 11:43 am

¡Gracias! I would say that Options House is pretty aggressive. Their trigger seems to be 1% below the strike sold.

Comment by David Miles on November 15, 2014 at 1:41 pm

I read somewhere a couple of years ago that bond market investors will borrow as much money as possible from the Japanese as low as near 0% interest and turn around and invest in Brazilian/Australian bond market. brazil pays 12% of a year/Australia 2.5% 2 years bond versus Japan 0.025% for 2 years bond. Am i getting right? correct me if I’m wrong please. gracias.

Comment by Ali Tahta on November 15, 2014 at 12:14 pm

Comment by Ali Tahta on November 15, 2014 at 4:38 pm

Yes Ali, they will borrow from Japan and U. S. either in bonds or forex and invest in emerging markets.

Comment by Matt Justice on November 16, 2014 at 12:30 pm

Our apologies, you must be logged in to post a comment.

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Technical analysis is the study of price action over time. The one thing we know for certain is price action doesn’t lie. However, when new traders first start charting, it can be difficult, if not impossible, to process all the information on the chart. There is a process to identification.

1. Identify trend(s). I want to identify the trend to know which type of trade to look at. This is in reference to either bullish or bearish trades. I also want to identify the strength of the short term and intermediate trends. This helps me identify how strong my bias is. The trade I select must match the bias in the trend. For example, buying a call option is an extremely bullish trading strategy. The bias in the trend must match the bias in the strategy.

2. Identify pattern: There are many technical patterns. In broad terms, simply identifying retracement, continuation, or reversal pattern is appropriate. This also helps me identify the bias as well as what type of trading strategy to employ.

3. Identify multiple areas of support and resistance. These areas play a role in every type of trading strategy.

4. Select strategy: The strategy that you select needs to match up with your technical analysis. Too often traders attempt to shove a square peg in a round hole. It’s important to match strategy selection with technical analysis.

Chart Types: There are three chart types that traders primarily use. Candlestick charts are widely used through Legacy Education. We use candlestick charts as they’re visually easier to recognize bullish/bearish singles and patterns. These charts also do a fantastic job at capturing the battle of supply and demand and the indication of momentum within specific candles and patterns.

1. Western Bar Chart: A style of chart used for technical analysis. It consists of a vertical line at the top, which indicates the high for the period a security traded at during the given time period, and the bottom represents the low. The close/last is displayed on the right side of the bar, and the open is shown on the left side of the bar.

2. Line Chart: A style of chart that is created by connecting a series of closing prices, from given time frames, together with a line. This is the most basic type of chart used and it is generally created by connecting a series of past prices together with a line.

3. Candlestick Chart: Method of drawing security charts which originated in Japan. Requires the presence of Open, High, Low and Close price data to be drawn. There are two basic types of candles: the white body and the black body. As with regular bar charts, a vertical line is used to indicate the periods (normally daily) high to low. When prices close higher than they opened a white rectangle is drawn on top of the high-low line. This rectangle originates at the opening price level and extends up towards the closing price. A down day is drawn in black. The combination of several candles results in patterns (with names like two crows or bullish engulfing pattern) which give insight into future price activity. For other Japanese charting approaches, also see Renko and Kagi charts.

Narrow body candles: show indecision, loss of momentum, and can be good indicators of support or resistance depending on where they occur on the chart.

Wide body candles: show momentum moving into the candle. This is especially nice during breakouts or after retracement occurs.

Technical analysis is an in-depth subject with discussions on trends, patterns, support/resistance, momentum, probability, indicators, and many more topics. This can lead to a vast degree of confusion with even the most seasoned technicians debating and disagreeing in determining the future movement on a chart. One of the concepts technicians use in projecting immediate movement is candlesticks.

Candlesticks are a helpful tool at quickly identify changes in security price. You want to set your charts as candlestick charts. In the above diagram you see two candlesticks: a white and red. The white candlestick on a chart denotes an upward moving price where the price has closed higher than where it started. A red candlestick denotes a downward moving price where the price has closed lower than where it started. The tail of the candlesticks shows you quickly the highest and lowest point that the currency pair was traded at during the period.

In the 1920s and 30s, an accountant named Ralph Elliott formed a trend analysis technique called Elliot Wave Theory. This technique is still in use today by many market technicians. It’s not an exact science, but one that determines probabilities based on past market cycles. According to Elliott, the market moved in a series of waves which were based on natural principles of positive versus negative market movements.

Most people who are familiar with trend analysis learn trends through pattern recognition of higher high / higher low where support and resistance increase over time. Elliott Wave is no different. However, it’s more accurate in determining what level of the trend the security is trading.

Elliott argued that the market moved in a series of waves called motive and corrective waves. These waves added up to five before the ABC pattern corrected the larger trend of the market. See below for illustration.

To determine where the waves started and ended, Fibonacci extensions and retracements were used. To illustrate, let’s look at the USD/JPY pair. This pair was trending neutral between 102 and 104 for four months before it broke out of the 104 level with a wide body candle. This is what we refer to as a bullish breakout and the beginning of the trend. Once the pair hit resistance at the whole number of 110, the trader draws a Fibonacci retracement tool to draw the retracement zones or catalysts.

As you can see, the USD/JPY pair moved up in wave 1 from 101 to 110. This is a 900 pip movement. According to Elliott Wave theory, the pair will then retrace between 38 and 61% with a standard retracement of 50%; or in this case, 450 pips back down into the 105.50 level. This would be considered motive wave 1 and corrective wave 2. Once support is firmly established with an upward movement in price called confirmation, motive wave 3 begins, which is typically the longest of the wave counts. Motive wave 3 will move into the 100% range at a minimum but if the wave count holds true will move into 161% which the USD/JPY pair did.

Once motive wave 3 hits its target of 161%, the pair will retrace once again into the Fibonacci retracement levels of 38-61%.

Once corrective wave 4 is finished, motive wave 5 forms with a slowing momentum target of 61.8%. After motive wave 5, the ABC pattern forms, which in many instances is a longer term (larger time frame) corrective wave pattern. The ABC pattern can also be a reversal pattern or a continuation pattern.

As stated earlier, Elliott Wave and Fibonacci retracements and extensions are not exact sciences. Many things can happen to alter the projections. However, it’s a technique which allows the trader to build an expectation based on probabilities.

Now that we have an understanding of the theory behind analysis, let’s look at the three types of trends.

1. Bullish uptrend: In a bullish uptrend, the currency pair will form the motive wave up and corrective wave down pattern, otherwise known as the higher high / higher low. It is in this type of trend where the trader wants to buy the base currency.

2. Neutral sideways: In a neutral trend there are no higher highs nor lower lows. The trend is basically sideways between two levels of support and resistance. While these trends can be amazing in the stock market due to selling calls or puts in the options market and cash flowing based on theta, they aren’t for the currency trader as most likely the trader will break even or lose time value.

3. Bearish downtrend: In a bearish downtrend, the currency pair will form motive waves down and corrective waves up or lower highs / lower lows. It is in this type of trend, the traders wants to sell the base currency.

This type of trend analysis can be utilized on different time frames for different types of traders. There are four main types of traders. While the analysis is the same for all types of traders, the time frame on the chart will vary.

1. Day traders are traders that will make a trade that is complete within a 24 hour cycle. They will most likely be trading the forex cycle as discussed in earlier chapters with an emphasis on bank open trades, news based trades, and standard 1-2-3 pattern trades.

2. Swing traders are also known as pivot to pivot traders, meaning they buy at support on the daily time frame and sell at resistance. The typical length of a swing trade is five to 10 days, but can vary depending on the individual cycle of the pair; known as potential average yield or PAY range. They focus primarily on the day chart but will drop time frame to the four hour or one hour time frame to get exact entry and exit points. They will not hold through corrective retracements.

3. Position traders are similar to day traders in that they do most of their analysis on the daily time frame but will also look at weekly charts to understand the longer time frame. One key difference between the swing and position trader is that the position trader will hold through corrective retracements as long as the pattern within the trend holds true.

4. Investors will look at weekly and monthly charts and are typically holding the currency in a form of carry trade or as a protection against fiat macro risk.

Tackle Trading LLC is providing this site and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. This site and any information or training therein is also not intended as a solicitation for any future relationship, business or otherwise between the members or participants and the moderators. No express or implied warranties are being made with respect to these services and products.

All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.

Written by MattJustice

Coach Matt is a tremendous Trader, Coach, Speaker and Educator. Catch his FOREX report, watch his videos, listen to him on the Trading Justice Podcast and put Matt on your POWER team. Get in the game.

5 comments

Thanks for this video Matt! Always good to hear and see the basics again. It’s a good reminder for me that trading does not have to be rocket science. My next goal is to master my emotions during trades. Thanks again for this valuable info!

Comment by MarkCarroll on June 16, 2015 at 1:16 pm

Awesome video! Love the Forex 101 series Thanks Matt

Comment by timzapf on June 16, 2015 at 6:50 pm

Great video Matt. Very clean presentation visually; it’s easier for noobs to understand the 1-2-3 pattern with this video rather than looking at intimidating real-life charts. Thus, it would be a very good review tool for students to use in between Master Trader online sessions (because the 1-2-3 pattern was emphasized so heavily in that class).

Comment by MattWoeber on June 16, 2015 at 7:36 pm

Thanks Matt, very helpful.

Comment by Khurshed Birdie on June 18, 2015 at 10:29 pm

Thanks Matt, very succinct.

Comment by Khurshed Birdie on July 3, 2015 at 8:29 am

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Forex 101

Some things needs to be learned before starting trading in Forex . Leaving aside learning how to trade, there are other basics that you need to follow. A proper guide is provided below:

The first step that is important to learn about Forex trading. Before starting trading in Forex, it is compulsory to choose a broker first. Decision regarding opting for a broker solely depends on the trader. There are several brokers who would offer some options that would be advantageous for some traders whereas the same options would of the broker would be regarded as useless by some other traders. So, it is necessary to reassess and evaluate the options closely that are offered by the brokers. The trader should choose the broker whose options are viewed to be most comfortable by the trader.

2. Opening a Demo Account

Once a final decision is made regarding a broker then the next step for the trader would be opening a demo account. Almost all the brokers would propose a trial period of 30 days at the least for their respective trading platforms. This provides a chance to the trader for trading on the provided trial platform by using play money instead of real money. Demo account would help the trader to decide that whether it is comfortable to trade in the broker’s trading platform by utilizing the trading tools of the broker. It would not be wise for a trader to start trading with real money before determining the comfort level of the trading platform. With the help of a demo account a trader gets a grasp on the way of using the trading platform of the broker as well as gets to trade in the market in actual time.

3. Learning About Leverage

Then comes the step of learning about the leverage as trading in Forex is characteristically done by making use of leverage or margin trading. Margin is quite a helpful tool but can turn out to be quite dangerous as well if not used accurately. The brokers of Forex offer somewhere from leverage 50:1 till leverage 400:1. When the number is maximum then less money is needed while doing a huge trade. Using leverage should be carried out with great skill and care.

4. Exercise Reading of Charts

Before starting to trade the trader should make sure of getting well-known with the charts, forex trading signals and the way they work. It would be wise and beneficial to get introduced to the varied time frames and the kinds of charts available. Time frames that are shorter would provide an idea regarding the movements of the market for each and every minute. Time frames that are longer would give a picture of the market movements in longer periods and would demonstrate the bigger trends. Most of the software of charting would provide charts in the form of candlesticks, lines or bars.

5. Making the first live trade

Finally comes the time when the first live trade is done or executed by the trader. Although the demo account prepares the trader regarding the aspects of technical trading but when the trader starts trading with actual money then emotions come into the picture.

Therefore these are the important points that are necessary to learn about Forex trading .

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Forex 101: The Semantics of Currency Pairs

Forex market is involved in the trade of one currency to another. The currency exchange, in which the Forex market is involved, is dealt on a global scale. Any of the currencies around the world can be traded in the Forex market. Currency pairs are used to facilitate the exchange of one country's currency to another.

Traders should be confident of the universal currency conversion and the Forex market before they start trading. Let's look at currency pairs and what they mean and how do we understand the information we can gather from such currency pairs.

There are seven major currencies today that currently dominate the Forex market. A huge percentage of Forex transactions that are done everyday involve any of the seven major currencies. These major currencies are the following: the United States Dollar (USD), the Great Britain Pound (GBP), the Euro (EUR), the Canadian Dollar (CAD), the Japanese Yen (JPY), the Swiss Confederation Franc (CHF), and the Australian Dollar (AUD).

In the list we just made above, we have the country's currency alongside its acronym. You'll get used to the acronyms when you're dealing in the Forex market, especially after discussing how the acronyms work. Let's take a closer look at the acronyms of each country and its currency.

Let's take the USD for an example of an acronym used in Forex trade. The first two letters signify the country of origin. In our example US stands for United States. The third letter denotes the currency used in that particular country, in our example the letter "D" stands for Dollar.

Since the Euro isn't really associated with any specific country, in Forex it just takes the acronym EUR. The next question that comes to mind is how come the Swiss Confederation Franc turns out to be CHF? CH is actually a translation from Latin. The Latin from which CH is taken from is Confederatio Helvetica; the "F" of course stands for Franc.

When you deal with currency pairs in the Forex market you'll get to see symbols like GBP/USD. When we exchange one currency for another in Forex trade we often list them in currency pairs like the one we have as an example. We have the names of two currencies listed and separated by a "/" to determine which currency is the base and which one is the counter currency.

When we say GBP/USD, the GBP is the base while the USD is the counter currency in the Forex currency pair. This means that the GBP in this Forex currency pair is the currency that is dominant and often the one that remains constant.

One of the first things every Forex trader should know is how to understand currency pairs and the information associated with them.

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There are three fundamental risks to consider when investing in exotic currencies: economic development, political stability, and transparency. All these form an estimate as to the currency's strength and reliability.

Forex trading can be intellectually challenging and financially rewarding. It is extremely risky, though, and one must understand basics like quotes, forex market drivers and forecasting future quotes. To be able to forecast future quotes, traders use two different methods of analysis, the fundamental and technical analysis.

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Up and down trends in forex are very unpredictable things. Thus, close monitoring is needed. From such forex monitoring comes the signal to either buy or sell. There are forex indicators for this, like a Stochastic indicator which has been in use since the 1970s.

Performing trade in forex markets needs the forex broker. Most of the forex traders add the action of selecting forex brokers properly, as they play a major part in currency trade.

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Forex Trading 101

Foundational Principles of Successful Trading

Want to greatly increase your chances of succeeding as a trader? Let’s review then some of the fundamental principles that successful traders have in common. If you can learn & practice these principles you will greatly increase your chances of long-term success, fail to learn and practice them and you greatly increase your chances of near-term failure… which will you choose?

We go deeper into each one of these topics in our educational modules, and they are repeated in different ways to reinforce learning, so here we want to just try and give some important brief summaries.

First of all, keep in mind that even though these may seem like basic principles, they are not necessarily easy to follow consistently. In fact, even the most successful traders at times fail to keep them… what is important is that they get back on track quickly. So keep a learning attitude . and try and continue to reinforce the good trading habits that lead to success.

Common Trading Mistakes

Let’s start by quickly mentioning a few of the most common mistakes that greatly increase the chances of losing most (or all) of your trading capital, often in a short amount of time. A few of the most common errors are over-trading. risking too much. unrealistic expectations. and not consistently following a clear set of trading guidelines .

All these mistakes have to do with the one thing you can control while participating in the market… yourself . The most common mistakes have nothing to do with the market, but have everything to do with your thinking. The errors come from losing control and trading emotionally without clear rational. So immediately start learning to trade with consistency and try to leave irrational behavior at the door.

With all that said, one important principle to always keep in mind is this:

YOU MUST CONTAIN YOUR LOSSES.

This of course does not imply you should be afraid to take losses, you just must contain them. In fact successful traders take small losses regularly, however they have learned to keep them small while retaining consistency in their trading. So learn to accept losses without too much emotion, just contain them by keeping strict risk management this will help ensure you are in the game when opportunities arise.

Learn to Think Like a Successful Trader

One of the first foundational principles is to start learning more about trading psychology, learn how to think how successful traders think. This is probably one of the hardest principles to convey in words because the ideas are often counter intuitive and cannot simply be followed like a checklist but must be learned from practice in real time.

Two of the most common emotions encountered in trading are fear and greed. They both are detrimental to your trading account. However with prudent risk management and right thinking these emotions can largely be overcome. Learning to manage your emotions will give you an important edge on the market, because many traders are trading emotionally and giving away their money to more disciplined & patient traders.

This is one reason we stress the idea to “ keep it simple ”, by keeping your approach simple it is much easier to control yourself and to trade with consistency. Most traders do not fail because of small losses, they fail because they lose control of themselves and overtrade & over-leverage which leads to a string of very large losses.

You need to find a way to trade with confidence and without fear. This certainly does not mean trading recklessly. It just means don’t be afraid to take a loss and if their is a good opportunity within your trading plan, then relax and take the trade.

However you can only trade without fear if you trust yourself to cut your losses short and to accept that taking small losses is part of the trading business, small losses should not shake your confidence if you executed the the trade well.

An immediate thing you can do is to keep your risk % consistent on every trade, and start by risking 1/2% the amount you think you can tolerate. This will allows you to trade with much less emotion which only clouds judgment… once you are into profit and using the markets money, you can choose to slightly scale up your risk level. However until then, start with less risk not more.

Another principle of trading psychology is to take responsibility for your own trades . You can use other peoples analysis or adopt your own, however ultimately you are responsible for your own trades.

This means you don’t blame your mistakes on the market, your broker, or others. If you make a mistake in trading then take it on the chin and learn from it. In fact this is one of the most useful things about taking losses, they provide feedback and a way to learn. If you keep your losses small, their will always be new opportunities to improve and learn.

Maintain Your Focus on Capital Preservation

A focus on capital preservation and risk management should always be on your mind. Notice we don’t emphasize capital growth, instead we first and foremost focus on preserving our trading capital. We retain a positive expectation that if we trade well the profits will take care of themselves.

Of course, depending on your own risk toleration level, you will need to accept a certain level of drawdown. Drawdown is part of the trading business and should be expected, just keep it within your predetermined level and scale down your risk % if necessary. For example, maybe you make a rule to scale down your risk per trade by 1/2 if you reach a 15% drawdown level.

If you have these rules in place beforehand, and trade with less risk then you think you can tolerate, then it helps you to trade without fear or too much emotion. Too high of leverage will greatly increases your chances of trading with too much emotion causing you to trade irrationally.

Also a focus on capital preservation and on containing your losses allows you to be in the market when favorable conditions arise… often it only takes a few trades to make up for a number of losing trades, but you must preserve your capital to take advantage of the move!

Trade With Consistency & Patience

Much of trading is about trading with consistency and patience. Successful traders trade with an almost robotic consistency. They have an approach and they consistently follow their guidelines day after day, they also keep a learning attitude and look for ways to refine their approach while keeping things simple.

Also good traders are patient traders . Much of the time the market will not be trending or will be in a consolidation, during these times it is more common to take losses. Successful traders stay consistent during these times and they don’t get impatient, they know that favorable opportunities will come if they stay in the game.

Impatience will only cause you to take low quality trades. Be patient for good setups… if you don’t get the pull-back you wanted or the break-out, then just wait and look for the next opportunity.

Think In Terms of Probabilities

In the forex market we are dealing with an unknown future, so it is important to think in terms of probabilities not prediction. Trading is not about “being right” but about trading & executing well. Feeling attached to “being right” in is dangerous, you will have a much harder time cutting your losses short and losses will be emotionally difficult.

Every time you enter an order, you must keep in mind that it will possibly be a winner, but there is also a good chance it will be a loser. In fact, depending on your trading strategy, there often will be an equal probability that it will be a loser. So don’t take losses personally, especially if you executed well.

You only need a small edge to profit over time, so focus on probability in your setups and let your winners run. With patience & discipline probability will allow you to trade with a long-term edge.

Maintain a Long-term Outlook

The last principle to mention in this introduction, is to think about the long-term when trading . If you can practice the important principles of risk-management, trading psychology, and be disciplined… then you have a very good chance of succeeding as a trader.

You will have some ups and downs, however you will be able to remain much more relaxed and will just keep becoming a better trader, but you must always keep an eye on risk & on preserving your trading capital. The longer you are in the market the better chances you have of success.

In topic 6 within Module 1 we look at some examples of compounding your account over-time, you will see that it is much more realistic and much less risky to keep a long-term perspective. With the power of compound interest and time, an account can be grown from almost any size… but you must not lose your account and have to start over!

The consistent practice and learning of these principles form a solid foundation for future success! You certainly can continue to refine your approach, you may even enjoy learning sophisticated methods that still fit within your trading style, however always try and keep it simple. Regardless of your approach always try and “find the simplicity on the other side of complexity”.

However one thing is almost certain, regardless of your style, that is that if you don’t practice the fundamentals with rigid consistency your chances of trading success greatly decrease.

So keep things simple and continue to learn. Learn to think like a successful trader, focus on capital preservation, trade with consistency, and keep a healthy long-run outlook.

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Forex Trading Scenario 101

Forex Trading Question

I Would like to share with you guys one of the questions i received in regards to a forex trade. Forex Pair: Usd Jpy Question: can u please tell me how to over come a situation like (See Chart above). its really looking a great pin but it didn’t triggered, and it is also with trend. the trade reached the stop loss and now its again returning to normal. ( can u please tell me to how to understand a situation like that?

Answer:

Price is making a higher lows and higher highs as highlighted by the red circles. It means the trend is changing and is possibly heading up.

So what happens now is that, you are not trading with the trend but against it. Its a can be a short term trend shift movement.

The forex price action pin bar formed because price shot up and hit the price pivot (white Line), in which price will naturally find resistance and head back down, resulting in the pin bar.

Therefore, we would not have taken this forex pin bar on such circumtances. I hope you guys learned something from a simple forex trading scenario and I looking forward to seeing you in our group where i teach the full forex trading system - AFM Winning Forex Course

See you on the other side my friend,

Asia Forex Mentor Ezekiel Chew Asia #1 Forex Mentor www. asiaforexmentor. com

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Forex 101: A Guide for Beginners

Forex 101: An Educational Guide for Beginners

Are you new to the Forex market? This market may sound really complicated and scary to tackle but isn’t. Just as in all kinds of trading, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Foreign Currencies market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day, seven days a week. Therefore, this makes it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is unique compared to other financial market like the Stock market. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in the Forex market whenever you want, regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multinational corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses were not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who trade in Forex lose a substantial amount of money, and some of these people are seasoned traders.

This is why it is very important for you, as a beginning trader in the Forex market, to have the proper knowledge and education on how to trade in the Currency markets. First, there are hundreds or even thousands of available websites on the internet that offer Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actual trading in Forex. Many experts say that you will never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not lose money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will most frequently base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, it can help you spot recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

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Forex Charting 101

Technical analysis is probably the most commonly utilized means of decision making and analysis in the foreign exchange market.

Technical analysis and fundamental analysis are very different. Unlike fundamental analysis, technical analysis actually ignores the fundamental factors, such as economic conditions and news, and is only applied to the price action of the market. Technical analysis for Forex mostly consists of a variety of Forex technical studies. Each of these studies can be interpreted to generate buy and sell signals or to help predict market direction.

The Trend

"The trend is your friend," is one of the first things that are often heard in technical analysis. Traders find the prevailing trend to make themselves aware of the general market direction. To identify the long-term trend the daily, weekly and monthly charts are most ideally suited. When the technical trader identifies the overall trend, they will usually begin identifying the trend of their chosen trading timeframes.

Soporte y Resistencia

The points where a chart experiences recurring upward or downward pressure are known as support and resistance levels. The support levels exist at the lows and the resistance levels exist at the highs. When the levels are broken, the generally become the opposite. An example of this would be a support level breaking to the downside. It would often become a new resistance level. In a market that is on the rise, a broken resistance level could become support for the upward trend. Likewise, a support level that is broken in a market that is on the decline could become a new resistance level for the downward trend.

Trend Lines and Channels

If you are looking for simple yet helpful tools to confirm the direction of market trends, you could turn to the trend lines. To draw an upward straight line, you would connect at least two successful lows (however, you would preferably connect more). It is necessary that each successive point on the line be higher than the previous point. The line's continuation helps to determine the path that the market will move along. An upward trend is a solid way to find support lines and levels. To chart the downward lines you would also connect two or more points. The validity of a trend line is, in part, related to the number of points that are connected.

Promedios móviles

To identify the overall trend, moving averages can be very helpful. The moving averages show the average price of a currency at a specific point over a specific period of time. Because they reflect the latest average while still adhering to the same time measure, they are called "moving".

Moving averages are not perfect. Because they lag the market, they don't necessarily alert the trader to a change in the trends at the best time. To counteract this issue, it is best to use a short period of time when using moving averages. This makes it more reflective of the recent price action than it would be if you use a longer period. However, the moving averages of short periods are subject to more false trend-change alerts.

As an alternate, the trader can use the moving averages by combining two averages of different periods. When the shorter-term average crosses over the longer-term average, buy signals are usually detected. Likewise, sell signals are detected when the shorter-term average falls below the longer-term average.

Mathematically distinct moving averages have three main types: 1) Simple Moving Average (SMA), 2) Exponential Moving Average (EMA) and 3) Weighted Moving Average (WMA). The EMAs and the WMAs give greater importance to the most recent price data. SMAs give equal importance to all of the data in the period. Because of these differences, many traders prefer EMAs and WMAs over the SMAs to help counteract the lag in moving average alerts.

Indicators and Oscillators

Indicators and oscillators vary greatly in both their derivation and their usage. The indicators, which can be found right on the candles or price bars, include moving averages, Parabolic SAR, Bollinger Bands and much more. These indicators are usually lagging, providing a historical view of the price action. The indicators can often confirm or provide clues as to the direction of present momentum and past trends.

On the other hand, the oscillators are generally shown separately above or below the price bars. Like the indicators, the oscillators are also lagging. The oscillators are good at revealing oversold and overbought conditions. Because of this, the oscillators are most useful for traders who would like to identify ranging circumstances, rather than trending circumstances. The oscillators include RSI, Stochastics, MACD and more.

Drawing Tools

Other technical drawing tools are, like analysis tools, popular and also varied. Chart drawing tools have a large number of adherents, with several different versions of Fibonacci formations, Andrew's Pitchfork, the Gann Fan and much more. Many of these analyses are used to reveal areas of importance, such as the support and resistance levels. The most basic drawing tools are the trend lines, regardless of whether they are diagonal or horizontal. Beyond the trend lines, the drawing tools become increasingly complex and are often created from complex mathematical foundations.

Forex 101

Forex

Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money.

Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex.

Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.

If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.

The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.

With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.

In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.

It is up to you to decide if you will be using this strategy or not.

These are some of the strategies you can use when trading in the Forex market.

These are some of the strategies you can use when trading in the Forex market.

Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.

Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.

Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:

• The first and the last ticks are usually the most expensive. So, for most traders, the rule of thumb is getting in late and get out early.

• When you are losing, you want to minimize the risk of losing more money. So, don’t add money when you are losing.

• Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.

There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isn’t actually 100% accurate, you can use the Forex charts as a guide to what’s happening in the market.

You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.

This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.

These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.

Never seen before! This smart and easy to use software is helping Forex traders to increase their profitability with any system.

Forex 101: Effective Spread Betting For Beginners

The liquidity of the foreign exchange market, coupled with the fact that the forex market attracts more trades globally than any other market, helps make the forex market one of the most popular to trade. It is popular for both day trading and carry trading, and the leverage offered by brokers like ETX Capital means that you can take a much larger position than you deposit in cash.

While there are many different styles of trader, including those that trade the news and those that trade strictly by swings and momentum, you can develop your own trading strategy that incorporates stop losses, therefore enabling you to minimise losses and potentially maximize profits.

The Forex market essentially enables you to buy an amount of one currency using another currency. It is theoretically possible to trade any currency using any other currency, and while this means that there are hundreds of potential currency pairs, there are around a dozen or so pairs that are most commonly traded.

Common currency pairs are traded more often than exotic currencies. This means that it is easier to open and close trades, that the spread is tighter, and that there is greater potential for swings and movement. As a general rule, and especially for those that are just starting out trading currencies, it is considered beneficial to stick to the major currency pairs. Although opportunities in trading exotic currencies certainly do exist, finding positions in these currencies will mean having extensive knowledge of the currencies, and being able to back this knowledge up with sound statistical analysis.

The spread is simply the difference between the buy and sell price for a particular currency. Brokers make their money from the section that lies between the buy and sell price, which means that they do not typically charge a commission on trades.

One of the aims of a successful trader is to find tight spreads, which means that there is very little gap between the buy and sell price for that currency pair. While most brokers will claim to have the tightest spread, this doesn’t necessarily make it true, so do your homework before you start trading.

Rather than trying to learn the fundamentals of every currency, you should consider specialising in two or three currencies. Not only will you need to learn about the different market, political, economic, and sentimental markers that govern fluctuations and price movements, but you will also need to learn about the correlation and relationships that exist between currency pairs.

By specialising, you can develop in-depth knowledge of the currencies that you trade, and this will enable you to more accurately predict movements and forecast profits. Once you have specialised in this way, and you have more experience in the overall mechanisms of trading foreign currencies, you can consider expanding your portfolio of currency knowledge to include some additional, related currencies.

Why Choose Forex Spreadbetting?

Liquidity – The foreign currency market is the most widely and heavily traded market in the world, and this means that it is the most liquid. Essentially, it is easy to open and close trades, and you won’t have to hold a unfavorable position and you will be able to take profits sooner because you can effectively close your trades.

24 Hour Trading – The global nature of trading currency pairs means that the foreign exchange market is, to all intents and purposes, a 24 hour market. While there are periods every day, and especially at weekends, when trading slows, it is certainly easier to trade currencies throughout the day and night than it would be to trade stocks and shares.

Leverage – Brokers offer leveraged accounts, which means that you can open a trade with only a fraction of the total value of the trade. This is representative of the fact that a currency pair is highly unlikely to lead to you losing everything, and you can and should use stop losses to ensure that you don’t suffer losses that are too heavy.

Stop losses are an invaluable trading tool, and as soon as you start trading currencies, you should get into the habit of setting up effective and meaningful stop losses. Rather than using arbitrary figures, however, you should have some method of choosing an appropriate level to close your trade and limit your losses.

A stop loss basically means that if a currency slips to a specified point, then your trade will automatically be closed. This can prevent you from sustaining further losses, and by setting up stop losses it means that you should never lose more than you can reasonably afford to, according to the terms of your forex trading strategy.

One of the reasons for the popularity and liquidity of the foreign exchange market is that prices move freely throughout the day. This makes swing trading and day trading possible, so that profits (and losses) can be made over the space of a few hours or even over the space of minutes. It is also possible to utilize carry trades, where the trader not only benefits from positive interest but also from an appreciation in currency value. It is possible to make a long-term investment portfolio from currencies.

The Importance Of Charts

No matter whether your trading system utilizes political news or market updates, you should master the art of reading and utilizing charts. At the very least, charts can be used to confirm potential trades, to calculate accurate stop losses, and to help maximize profits. They can prevent you from trading solely on market news, which can prove dangerous if you do not fully consider all possible movements with all currency pairs that will be affected by that news. There are many types and styles of chart, all available for each different currency pair, enabling you to take full advantage.

Currency trading’s popularity helps to fuel further popularity. It is a highly liquid market, currencies can be traded 24 hours a day, and there are numerous charts and other technical data that can be used to help forge a tailored trading strategy that meets your needs as a trader. Open a broker account, specialize in a small number of currencies, and once you have mastered these, you can move on to related and similar currencies in order to further expand your currency portfolio.

Forex 101: What is Forex Trading?

Every time we go on holiday, we’re seeing forex trading in play. When you go to change your pounds for euros, or your dollars for francs, you will not receive exactly the same amount that you handed over. This is because currencies are traded at the current exchange rate, just as when you trade using an online platform like ThinkForex .

These currency trades that you affect are transacted on something known as the foreign exchange market. What happens in this market is important to us all, whether or not we realise it.

Understanding the Scope and Set-up of the Forex Market

It is not only tourists and those trading internationally who make use of the forex market. Investors trade from all around the world, exchanging currencies in the hopes of making a profit. Thanks to the necessity of currency exchange, and its global nature, the forex market is the largest financial market in the world, trading around US $2,000 billion per day.

One way that the forex market differs from other markets is that there is no central marketplace. Instead, transactions are conducted electronically, via computer networks located all around the world. This means that the market is open 24 hours a day, five and a half days a week, across almost every time zone. As such, the market is incredibly active, and price quotes can change almost constantly.

The Three Ways to Trade Forex

There are three main ways to trade forex: via the spot market, the forwards market and the futures market.

The Spot Market

The spot market is where currencies are bought and sold according to their current price. This price is determined by supply and demand, and is influenced by many different factors, from interest rates to economic performance, political events, and perceived future events. It is a simple bilateral transaction, whereby one person delivers an agreed currency amount to a counter party, and is handed a specified amount of another currency in return.

The Forwards Market

Unlike the spot market, the forwards and futures markets do not trade in real currencies; instead, they deal in contracts representing claims to a certain currency type, a set price per unit and a future date for settlement. In the former, these contracts are bought and sold between two parties, who decide the terms of the agreement between them.

The Futures Market

The futures market is not dissimilar to the forwards market, although contracts are bought and sold based upon a standard size and settlement date on a public commodities market. Individual parties cannot customise certain details of the contract, such as the number of units being traded, delivery and settlement dates and minimum price increments.

Now that you understand it a little better, would you be willing to try your hand at forex?

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Artical trading forex 101

The nature of forex trading is such that it can be perceived as gambling and made illegal in some countries. We are fortunate that this is not the case in India and many people are quietly making 1000's on a daily basis. Although forex trading itself is not illegal in India it can be difficult to profit from the limited currency pairs that you are allowed to trade. The Rupee currency of India is highly protected by the Royal Bank of India and exchanging it for other currencies is highly restricted. They have been more lenient with these laws recently as to aid the economy by introducing the financial markets, but the rupee is not a volatile currency so it can be hard to profit. The forex market does not change wherever you are in the world, it still has trillions of dollars traded on it every day and it is still possible to trade 24 hours a day 5 days a week. There is no reason why Indian residence cannot take a piece of this action and in fact many of them are. Many Indians are joining the global financial market every day. The spread betting companies in India might well be limited to the trading pairs that they can offer but it does not mean that people in India cann.

Welcome to Forex Trades 101.com!

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends.

The purpose of the foreign exchange market 'Forex' is to assist international trade and investment. The foreign exchange market allows businesses to convert one currency to another foreign currency. For example, it permits a U. S. business to import European goods and pay Euros, even though the business's income is in U. S. dollars. Some experts, however, believe that the unchecked speculative movement of currencies by large financial institutions such as hedge funds impedes the markets from correcting global current account imbalances. This carry trade may also lead to loss of competitiveness in some countries.

In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of

trading volume results in market liquidity

geographical dispersion

continuous operation: 24 hours a day except weekends, i. e. trading from 20:15 UTC on Sunday until 22:00 UTC Friday

the variety of factors that affect exchange rates

the low margins of relative profit compared with other markets of fixed income

the use of leverage to enhance profit margins with respect to account size

As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion as of April 2007. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:

$1.005 trillion in spot transactions

$362 billion in outright forwards

$1.714 trillion in foreign exchange swaps

$129 billion estimated gaps in reporting

Forex 101, a very basic forex tutorial for beginners.

With this Forex 101 guide we will go through the basics about forex trading.

Forex 101: What is Forex?

Forex is short for Foreign Currency Exchange

It is a global market where people trade money among the major financial centers

Forex is a worldwide market anyone can participate

It is the largest, most liquid cash market with $1.9 trillion per day traded (roughly 80 times the level of trading of the New York Stock Exchange).

The bigger the market, the more liquidity and better execution. One of the advantage is that being so big the forex market is hardly manipulated by single individuals, another advantage its 24 hours a day continuous operation (except weekends).

Forex 101: Terms in the Forex world there are several terms you must know

Forex 101: What is a pip?

a pip is the smallest price change for a currency exchange rate

Most changes can happen in 4 decimal places, some happen in 2,3 or 5 demical places (1 basis point). Your forex broker should let you know how many decimal places for each currency pair.

An example would be the USDCAD based on 4 decimal places (0.0001)

If the USDCAD moved from 1.0000 to 1.0001, it has moved 1 pip.

If the USDCAD moved from 1.0001 to 1.0004, it has moved 3 pips.

Forex 101: what is a lot?

a lot is a minimum unit to trade. In currency trading the standard lot size is 100000 units.

what is a mini-lot? 1/10 (10%) of the standard lot size (10000 units).

what is a micro-lot? 1/100 (1%) of the standard lot size (1000 units).

one pip of a currency pair based on USD is 10$ when trading a standard-lot, $1 when trading a mini-lot and 0.1$ when trading a micro-lot.

Forex 101: what is a currency pair?

GBPUSD – a currency pair is a quote and price structure for currency traded in the forex market. The first pair is the base currrency while the second pair is the quote currency.

A currency pair is how much quote currency is needed to buy 1 unit of the base currency.

quoted USDGBP = 1.5

purchase the pair, for every 1.5 british pounds that you sell, you purchase (receive) US $1 sold the currency pair, you would receive 1.5 british pounds for every US $1 you sell.

quoted EURUSD = 1.3

purchase the pair, for every 1.3 dollars that you sell, you purchase (receive) 1 euro.

Forex 101: what is bid price?

the price a buyer is willing to pay for a currency pair

Forex 101: what is ask price?

the price a seller is willing to accept for a currency pair, also known as the offer price

Forex 101: what is spread? The spread is the difference in pips between the buy (bid) price, and the sell (ask) price of currency pairs. This is the commission you will pay to the broker for each trade position opened.

Forex 101: what is leverage? Leverage allows you to open trades that are larger than the capital in your account. Trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified. Forex brokers generally offer leverage from 1:20 up to 1:500

Forex 101: what is take profit (T/P)? the number of pips or price from the current price point where to close out their current position for a profit

Forex 101: what is stop loss (S/L)? Sell a security when it reaches a certain price Used to limit an investor’s loss.

T/P and S/L when you BUY?

T/P and S/L when you sell?

Forex 101: what is a trading strategy? A trading strategy helps you determine when to get into (enter) and get out of (exit) a trade.

There two forex trading strategies:

A fundamental trading strategy uses financial news to predict the movement in a currency pair

forex economic calendar

A technical trading strategy focuses on statistical and propabilistic indexes to predict the future trend of a currency pair. An example is a moving average shown on this chart

moving average system

Forex 101: what is a trading platform? A trading platform is a software provided by a broker to execute the trades and managing your account. The most widely used forex platform is metatrader

Forex 101: what is an indicator? For technical analysis an indicator is a mathematical calculation based on a currency price and/or volume. The result is used to predict future prices. For fundamental analysis an indicator could be a measure which can be used to predict the future economic trends. Common general economic indicators are the unemployment rate, new housing starts, the consumer price index (CPI) and the gross domestic product (GDP).

Indicator can be grouped into four main categories.

Trend indicators By looking into the movement of the trends, you can decide on the level at which you can strat trading. Moving average, parabolic SAR and MACD are just some of those that make up this group.

Momentum indicators These are considered to be the oscillating indicators and are most clear-cut in pinpointing the overbought as well as the oversold positions. Similarly, they show the signals for any new trend. Stochastics, RSI, CCI are just some of those momentum trend indicators.

Volume indicators Price movement is very much dependent on the volumes of the trades. Generally, the price movement which is rooted from a high volume, gathers a fairly stronger signal compared to one which is inspired by the low volume. Example of which include the force index, money flow index, ease of movement, chaikin money flow and many others.

Índice de flujo de dinero

Volatility indicators They normally look into the ranges that define the volume that lies beneath the movements and the price behaviour. The common examples include the average true range, bollinger bands, and the envelopes

average true range

Forex 101: what is an expert advisor? An expert advisor is a trading software (used in a trading platform) to help the currency trader with forex trading analysis and the execution of trades.

expert advisor universal MA cross

Forex 101: An Educational Guide for Beginners

New in the Forex market?

This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex . trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

Everyone can trade in the Forex market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers basic Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading and need to know some proven methodologies.

In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

BEAR Business Academy organizes the coming months several Forex seminar where we teach you the basic skills and a proven method. Are you serious in earning money or even become financial free? Register for our upcoming seminar.

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Forex 101

So, what exactly is Forex? This is a topic that definitely seems to be growing each and every day. The average amount traded each day in the Forex market is said to be around $4 trillion. Yes, FOUR TRILLION! With that level of trading being made each and every day, it’s hard to think that many people don’t even know what Forex is.

With the internet, more and more people seem to be trading in the Forex market each day though. Today’s post will give you an introduction to the Forex market.

You have probably traded in the forex market before. Forex is the foreign exchange market, and it’s where you can buy and sell currencies. This is where you would trade a currency of one country (such as the United States) for the currency of another country (such as Japan).

Forex trading may be something that you are interested in. It can be a way for you to diversify your portfolio. Forex trading is sort of similar to investing in companies. Just like with company stocks, you try to buy when you think the stock price is low, and then you try to sell the stock when the price seems high.

You can also use leverage on your side when investing in the Forex market. An example would be if you had $100 of capital, you could trade $5,000 worth of currencies. This is both good and bad though. This means that you have the potential to make more money, but that of course also means that you can lose more money.

Unlike with trading company shares, the foreign exchange market is open 24 hours a day. Forex trading starts with Australia on Sunday and ends in New York City on Friday. Many people trade forex for many different reasons, such as when they are traveling, for their business, and to make some money.

Forex trading has the largest amount of forex trading in the world. It is also easy to enter and also exit forex trading since it is constantly being traded. It is a highly liquid market, which means that large amounts of currency can be exchanged with a very small effect on the price. There is also a very low transaction cost usually.

If you are looking to learn more about Forex, here is more information on a Forex trading course .

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No indicator can give all correct signals all the time and hence continuous refinement in the strategies to use an indicator is a must to avoid as many false signals as possible. Getting a few signals which are good is always better than getting a lot of signals of poor quality. Moving average convergence divergence MACD is used very commonly in technical analysis for trading. MACD is a lagging indicator and that means that any signals by the crossover of MACD and its signal line are generated with some lag in time. The signals are generated after a confirmation of the move in a particular direction this comes with a time lag. When the trend is weaker, this lagging would tend to cause more false signals. Why more false signals during weak trends or when the market is ranging or running sideways. 1) Entry signal: By the time the entry signal is generated, the price may be reaching the reversal point because during the time lag the trend becomes further weaker and market is on the verge of reversal. 2) Exit Signals: By the time the reversal crossover takes place and signals that we should close our position to take profit, the price already reverses so much that the re.

Forex Trading 101 – FX trading Strategies for Beginners

Table of Contents

The Basics on how to trade Forex – Everything you need to know

The currency market or Foreign exchange market is one of the most rapidly changing investing markets in the world, with over 5 trillon USD traded everyday! FX can be highly profitable to individuals and companies that can predict minimal changes in currency pairs.

Currencies tend to only change minimally on a daily basis, but as explained in the what is forex article. with leverage you can create high percentage profits daily, if not hourly, on minimal currency changes. Currencies or positions can be held for minutes all the way to years and the frequency at which you trade is entirely dependent on what you are trying to accomplish both long and short term.

The forex markets are extremely stable, as currency prices are based off supply and demand, which cannot be easily manipulated, even billions invested by banks cannot move prices. The markets can provide both long and short term sources of profits, but there are a number of basics that individuals should know before starting trading in the fx markets.

Understand Quotes, Currency Pairs and the PIP

When you first look into starting to trade Forex, especially if you are a complete beginner, the quotes and graphs and mountains of data can look pretty daunting.

Every currency quote will be valued against another currency. Hence the price will always be displayed as: Currency1/currency2 = Price. For example most platforms or brokers will generally display prices similar to below, (image source ).

The base currency is always equal to 1 unit, in this case you can sell 1 euro for 1.4745 USD.

Direct vs Indirect Quotes

Currency pairs can either be quoted directly or indirectly. A direct quote is simply where the domestic currency is quoted first, whereas an indirect quote is simply where the domestic currency is the quoted figure.

The PIP (Spread)

The difference between the bid and ask prices is called the spread. Most forex brokers don’t tend to take commissions or charge to trade in the fx markets. Instead they make their money by the spread on a currency. The spread is measured in points or PIPS. In the above example the 4th decimal point indicates the spread and the difference is 1 point (45 to 46) and hence the spread is 1 Pip .

The pip itself is the smallest fraction by which a currency can move. Pips can vary for different currencies but must pips tend to be the 4th decimal place on a currency pair. The spreads themselves tend to be 5 pips. For example at the time of writing the spread for the Euro to the US Dollar is pictured right. This is a spread of 4 pips.

Forex Markets Opening Times

In the opening hour of the day the forex markets are incredibly active and the majority of large trades by big companies are done. This is not the ideal time to invest if you are a newbie to fx trading. I’d recommend waiting and trading throughout the day when the fluctuations are less violent. The forex market opening times are below;

The Forex Toolbox

Forex trading is done online instantaneously (or close enough anyway.) So its important to have the most efficient tools to allow you to get every advantage on the information and signals you research.

The perfect trading platform – We have done extensive research into this subject here at EFT. Check out our guide HERE for more information on the top forex brokers around in 2015.

Leverage – Calculate how much leverage you can afford, afford to lose and most importantly NEED to make your trading profitable. It’s worthless trading $1000 including leverage as even a great day will only equal a 1% ROI and hence a $10 profit….Not worth it. With 100x leverage this $10 profit becomes $1000 a day…Suddenly becomes a lot more valuable.

Experience / Training / Guides – Please tell me you weren’t just going to jump into trading straight away? Pick up a GOOD guide. We have our awesome free training course here .

Automated Robots – Consider automating your Forex trading with the use of robots. These are generally frowned upon but they do work very well from our testing.

Thanks for reading and remember to sign up to our monthly newsletter to get some incredible forex trading tips!

Forex Trading 101 - A Basic Understanding

The Forex market has been available to individual traders for nearly ten years now. In the past, it was only available to large financial institutions, such as banks, big companies, multi-national corporations and top currency dealers. However, now that it's open to individual traders, it's become a hot topic that many new traders are eager to learn more about.

So what is it? Forex is short for foreign exchange. Forex trading is trading in the currencies of the world through the Forex market, which is the largest financial market in the world. In fact, it generates trillions of dollars of currency exchanges everyday.

In addition, it operates 24 hours a day, seven days a week, making it the most liquid market in the world. Though trading starts in Sydney and ends in New York, Forex trading is not centralized in a single location. This means you can trade in Forex market whenever you wish, regardless of the local time. A big advantage for traders, especially for those in search of optimal liquidity.

Trading in Forex requires trades to done in pairs. When you purchase a currency, you sell another currency at the same time. The most commonly traded currency pairs in the Forex market are: USD/GBP, USD/JPY, USD/CHF, and GBP/USD. As you can see, each currency is represented by three letters. USD is the United States dollar. GBP is the British pound sterling. JPY is the Japanese yen. CHF is the Swiss franc.

The first three letters of a currency pair represent the currency you used for the investment, while the last three letters represent the currency in which you invested. For example, USD/GBP means you used United States dollars to purchase British pound sterlings.

To get started in the Forex market, you'll need a computer with a high speed internet connection, a funded Forex account, and a trading system. Most individual Forex traders will also use a broker, an individual or company that offers assistance to the trading process.

A broker earns his money off a small commission from your trades. In addition, although he'll be trading your funded account, all decisions will remain yours, assuming that's your wish. Here's what else a Forex broker can do for you:

- Offer you advice regarding real time quotes. - Offer you advice on what to buy or sell based on news feeds. - Trade your funded account basing solely on his or her decision if that's your wish. - Provide you with software data to help you with your trading decisions.

Many experts say that you'll never really understand how Forex works until you've traded in the market. To help you gain this experience without having to risk your money, you can set up a demo account at many of the Forex educational sites available on the Internet. You can also invest a modest amount for a Forex simulator, which allows you to explore a never-ending variety of market conditions and see the impact they've had on currencies in the past.

There's no question Forex offers the trader the opportunity to earn a boat load of money. However, as with any other form of trading, and particularly because this is such a liquid market, it does have its risk. No trader will make money on every trade, and even seasoned traders can get caught and face substantial loses if they aren't careful and wise.

NasdaqForex

Forex 101: An Educational Quick guide for Beginners

If you are merely beginning out to trade in Forex, take into consideration opening up a dummy account to assist you exercise investing Forex without running the risk of cash.

Forex investing is merely trading moneys in the Forex market.

To obtain begun in investing in this market, all you require is a computer system with a broadband web link, a financed Forex account, and also an investing air conditioner. These 3 straightforward points suffice to obtain you begun in Forex investing.

In a lot of Forex investing heating and cooling units, Forex graphes are there to help you with your professions. You have to discover exactly how to check out the various Forex records in order for you to efficiently trade in the Forex market.

These programs will actually take you closer to in fact selling Forex. Several professionals state that you’ll never ever actually recognize exactly how Forex actually functions up until you sold the marketplace. If you really want to discover exactly how to trade Forex, you could really want to authorize up for a dummy account that various Forex investing sites provide.

In the late 90s, Forex was made offered to tiny companies as well as specific investors. This is because of the breakthroughs in the interactions modern technology. Broadband net made it feasible for individuals to go into the Forex market as well as have actually turneded into one of the most effective earn income in the house companies.

New in the Forex market? Forex investing is merely trading moneys in the Forex market.

Worldwide of Forex, investing in this quite fluid market is really distinct compared with various other monetary market like stocks. Given that the Forex market runs 24 Hr a day worldwide, which begins at Sydney and also finishes in New york city, investing is not streamlined in one place. You could sell Forex whenever you desire no matter the local time.

In a lot of Forex investing heating and cooling units, Forex graphes are there to help you with your professions. You have to discover just how to check out the various Forex records in order for you to efficiently trade in the Forex market.

Each Forex record is various although they stand for the exact same variations. In the everyday Forex graph, you could examine market fads in the previous 24 hrs to aid you make choices on the following 24 hrs of investing.

Some of these internet sites supply dummy Forex investing where you could engage in investing in the Forex market utilizing dummy cash.

Forex investing is obtaining much more and also much more preferred each day. Investing in Forex will absolutely offer you the chance to gain a great deal of cash.

This is why it is crucial for you, as a newbie investor in the Forex market, to have the appropriate expertise as well as education and learning on how you can sell the Forex market. There are hundreds or also thousands of readily available web sites in the net that supplies Forex education and learning. Several of these sites supply dummy Forex investing where you could engage in investing in the Forex market making use of dummy cash.

These are the fundamentals on exactly how to trade in the Forex market. If you are simply beginning with out to trade in Forex, take into consideration opening up a dummy account to assist you engage in investing Forex without running the risk of cash.

With a dummy account, you could trade Forex by not making use of genuine cash whatsoever. With this program you could exercise your understanding and also abilities in investing in the Forex market as well as not squander cash.

Forex is the biggest monetary market worldwide. It produces trillions of bucks of money exchanges daily as well as it runs 24 Hr a day and also 7 days a week consequently, likewise making it one of the most fluid market around the world.

In the past, Forex investing was just provided to huge economic establishments, like financial institutions. This is since of the exceptionally rigorous and also big monetary demands the Forex market enforced.

Forex 101: An Educational Guide for Beginners

New in the Forex market? This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

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5 Tips For A Good Forex Trading System

Automated Forex Trading: Clever Profit Making Technology

A Guide To Choosing The Right Forex Trading Software

Lesson 3: Forex Trading Platform Basic Trading 101

By now, you’re probably earning a lot of money demo trading from our previous lesson. That’s great, and you have probably learned some of the things that makes a trading platform. They are and will be your friends for a long period of time as you venture into this fascinating world of forex trading. Think of trading platform as your partner, as a wholesale store where you can buy products that you can sell later on for a profit. And in this lesson, we will get to know them better.

When you first login to a forex trading platform, you’ll see something like this:

It can be a little daunting at first. But once you get to analyze its parts, some of them are pretty self explanatory. Like for example, the account summary section above #2 is your deposited amount of money and available margin when trading. I think the only confusing parts of it are these 3 labeled accordingly.

#1 – Forex Trading Charts

The chart is confusing isn’t it? If you’re not mathematically inclined or have never been into a technical field where presentation of charts are used, this can be a little tough to swallow. But bear with me. Once you know how to use the charts to read the currency, you’ll love it.

The chart is the representation of what’s happening in the market. You can choose what market you wish to trade in. For the above example, I chose to trade in the EUR/USD pair. What this means is that, I am buying or selling Euros and Dollars to make a profit. When I say I’m buying EUR/USD what that actually means is that, I’m buying Euros using my Dollars. And when I’m selling EUR/USD, I’m selling my EUROS to earn Dollars.

In a forex chart, you can do a lot of things. And forex trading systems depend on charts to function. You may draw lines, put in some indicators and whatever you want to make your trading easy. Most mathematically inclined traders will use charts, drawings and indicators to help them trade. And we will also learn to do that in the coming lessons. For now, just keep in mind that, if you want to know whats happening in the market you want to trade in or trading in, the chart is the first one you should look at.

#2 – Quotes Panel

The quotes panel is where the prices of our products are. Mainly speaking, the price of the currency. Here’s a closer look:

For this example, we are looking for the quote for EUR/USD. If we want to BUY EUR/USD we should be looking at its BUY price (1.3458). If we want to sell currency, we should be looking at the SELL price (1.3456). There is a 2 PIP spread difference between the BUYING and SELLING price, that’s where the brokers earn their money. They don’t charge hefty commissions like stock brokers, only the spread of 2.0 or so PIPS. Because of the competitiveness of forex trading, most brokers offer spreads that are even less than 1.0. You may look at some brokers found on our forex brokers list here .

Some Terms

Sometimes, you will see BID – ASK instead of BUY and SELL, and traders will oftentimes talk about trading with LONG and SHORT. Here, I’ll clarify some of that.

BID / ASK

The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market .

The ask is the price at which your broker will sell the base currency in exchange for the quote currency. This means the ask price is the best available price at which you will buy from the market . Another word for ask is the offer price.

If things becomes complicated, use this: BID = Sell and ASK = Buy.

LONG / SHORT

Long = BUY and SHORT = SELL

So how do you make money from this?

Simply put, if you BUY the currency pair, you will earn money once that pair goes up (as indicated by the chart). You’ll lose money when it goes down.

If you SELL the currency pair, you will earn money if it goes down and you will lose money if it goes up.

How much money can you earn?

The amount of money you earn per PIP increase from your starting position in the chart depends on the amount of lots or units you buy. For example, if your BUY EURUSD at price of 1.3456 with 1 lot and it goes to 1.3457. You have a 1 pip increase and you earn $10. The market can move 1000 pip in a single day and that means you can earn more or less $10,000 in a day with one lot. BUT you may want to adjust the lot size when you trade, though larger lot size will equal great profits, its a double edge sword, you also lose the same amount at the same rate if you’re wrong.

Some brokers do not use lots to determine the amount of EURUSD you buy. But use UNITS instead. Just keep in mind that 1 lot is equals to 100,000 units and do you math from there. Let’s say you want to $1 per pip. You will put in the units at 10,000 units and the lot size at 0.1 lot.

#3 – Current Trades

As you become more adept at trading, you may want to trade in different currency pairs to take advantage of more opportunities. Say, you want to trade in USD/JPY or British pounds. You may do so anytime, the quotes panel have the price and you may choose the chart for the corresponding pair you want to trade in. When you do have different open positions, all those positions are put on the Current Trades panel. That is like your portfolio (if you do stocks) where you have a birds eye view of your holdings and manage them.

Asignación

By now, you should be able to glide through the trading platform. What I want you to do is to play around with the charts using your demo forex trading account. Draw anything on the charts and figure out if you could predict where the trend will go using some indicators and drawings. You may want to read about fibonacci and support & resistance lines.

Play around with different lot sizes and unit sizes using your demo account. Figure out how much lot sizes you are comfortable trading with.

New To Forex :Start Here

Whats it all about ?

The Forex market is the biggest traded market in the world. It boasts a traded volume of approximately 5 trillion dollars PER DAY.

The market is open to everyone to trade from retail traders to huge hedge funds and banks. Unlike the stock market the forex market is open 24 hours a day 5 days a week.

Trades are placed on currency pairs. for example the Euro Vs the US dollar (EURUSD) where you may think that the value of the euro against the US dollar will go up to a certain level.

As a retail trader you will be using a broker to place your trades using computer software which is either website based or a standalone desktop application. You choose a currency pair that you think will change in value and trade it accordingly using either a buy or sell position.

For example if the value of the EURUSD currency pair is 1.35000 and you think it will drop from this level you will place a sell trade.

This process normally takes less than a second to accomplish.

The busiest time of the day for trading forex is the London session this is because the London market starts trading at 8am, which is close to the end of the trading day in the Asian countries, as the Banks in London are opening at 8am they are able to deal with traders in Tokyo, Hong Kong or Singapore whose trading day is just coming to a close. Around 1pm London time the traders in the US are sitting down at their desks to begin their day and hence the afternoon period of the London session co-incides with the morning session of the US market.

In this set of articles we will show you how to start off in your forex trading mission,

How to setup your trading platform for the first time.

Different types of trade entry.

Stop Loss and Take Profit.

How to avoid the pitfalls/typical new trader mistakes.

How to identify the rogue brokers.

Trade Emotions.

A Typical Selection of Forex trading Pairs

Forex Trading Pairs

The first step. Demo Time

Where you are now.

You have probably heard about trading Forex through a friend or a spam email promising that you can turn $100 into many thousands in a very short period of time. (this claim by the way is bs) So your interest got perked.

The very first thing you need to do after you have figured out what exactly forex trading is. is to get a demo account running from a broker such as Alpari or FXCM or IBFX.

A demo account is one where you are given a certain amount of "play" money so you can practice your trading.

The first time you start your trading platform you will normally see something like this :

Most of what you see here will be useless for you as a new trader so the first thing you need to to is clean it all up by clicking all the X's so it looks like this:

N ext step is to setup a blank/default template. so click file. new chart and click on EURUSD

Now right click the chart click properties under colors change them as below

next click the common tab and uncheck the show grid box. then click ok .

You will now see yout chart like this:

Once you have clicked the 2 buttons as show in the picture above. Right click anywhere on the chart. put your mouse over Template. then click save template.

Save the template as default. tpl

Now when ever you open a chart it will open with a nice clean look.

Different types of trade entry

So now we have a basic clean chart setup. How is a trade opened? Real easy. if your using MT4 press F9 and the trade order box pops up.

Quite a few options here but for now we will just take a look at the trade order Type.

There are 2 types of trade entry. Instant Execution and Pending Order.

Instant Execution

The default setting when you press F9 is Instant Execution. What this means is that when you click either te buy or sell buttons you will be placing a trade into the market at the price specified. you will be instantly in the market basically speaking if you have clicked the Buy button you are thinking that the chart is going to move in an upwards direction. ie the price increases and if you have clicked the sell button then your assumption is that the chart is going to move down, price decreases.

Buy Entry

Sell Entry

Pending Order

Press F9 and the order box pops up. Now use the Type dropdown box and select Pending Order.

There are 4 different types of Pending Order available and as the name suggests this is a "pending" order in other words its is an order that waits for a specific market condition to occur.

Buy Limit Order

A buy limit order is an order placed which will be executed when the price drops to a specified price. When the market hits this price the order will trigger and open a buy trade.

When you place the order you will see it sat there waiting on your chart for the price to drop down to it.

Note. to set a Buy Limit order the price must be above where you want to set the order.

You want the price to drop down to the entry line and then bounce back up.

Sell Limit Order

A sell limit order is the opposite of the buy limit order. IE the price come from below and you set an order where you think the price will bounce to the downside.

You want the price to move up to the entry line and then bounce back down.

Buy Stop Order

A Buy Stop order is one where the price is below where you want to enter and you want the price to continue in its existing direction.(up) NOT bounce.

You want the price to move to entry line then continue going UP.

Sell Stop Order

A Sell Stop order is one where the price is abovebelow where you want to enter and you want the price to continue in its existing direction. (Down) NOT bounce.

You want the price to move to entry line then continue going DOWN.

Viewing your entries and orders

Click View on the menu bar at the top of the platform and then click Terminal. Here you can see the various orders and positiona you have open.

Entry Removal

I you have either bought or sold a position in the market and decide the price has ether moved into profit enough to take profit or position has moved against you and you want to close it.

Put your mouse over the buy or sell order you want to close. right click it and left click close order, this brings up a trade Close box.

Order Removal

If you have decided to remove a pending order you have set then in the Termnal window. right click the order and left click modify or delete order, then left click Delete .

Deje de perder y tome ganancias

When trading the markets your Stop Loss and Take profit levels are probably the most important things you should know before placing a trade as these define your trade plan and your risk management.

If you do not know your stop loss you cannot assess your risk managment and if you do not know your take profit price you cannot assess the risk reward for your trades.

Stop Loss

Your stop loss price is used primarily for 2 things.

To stop you losing more if a trade does not work out

To calculate your risk and number of lots tradeable per trade.

Your stop loss will automatically close your trades at the price you set it at preventing the trade from causing you further loss.

Here is an example of how a stop loss can protect you from massive loss and pain

Take Profit

Your take profit price is that place you want to take profit on your trade. We use partial trade closing but this is beond the scope of this 101 arcticle.

It is also used to calculate the risk reward per trade.

It is not always necessary to set a hard take profit level not setting one though normally means you will have to more attentive to your trades.

Simple fact is you wont avoid them all and will never have a 100% record as a forex trader no matter what all the spam emails and websites tell you.

However you need to be aware of the main mistakes you can and will make as a new trader.

Trading without a stop / moving your stop

Overtrading

Over leveraging (too many lots)

Holding / Opening trades when Red news is near

Trading without a stop / moving your stop

THE number one cardinal sin of trading!

If you do not set a stop loss order it shows that you have applied absolutely no planing to your trade. If you dont have a stop loss order you cannot assess your risk properly and you will find it very hard to close your trade if it goes against you as your mental state will be saying to you " it will reverse. its will reverse" so you hold onto a trade and eventually you either close the trade for a much bigger loss or you lose your entire account!

REMEMBER. Plan the trade. trade the plan.

Stop loss moving is another pitfall you may encounter. You must only ever move your stop towards your entry. never away. Doing this blows your trade plan to bits and wrecks your risk assessment.

Overtrading

This comes in a couple of flavors.

1. You made a nice couple of trades and are thinking that your invincible. So you start putting on more and more trades and forget all about your trade plan. Result. the gain you made on the first few trades is erased and you end up the day down rather than up.

2. You made a few lossy trades and are pissed at the market so you start putting more trades on trying to get the loss back, this is revenge trading and will cost you. Your mental state is shot to bits.

Remember the market does not care about you or anyone else. It will do what it does. if you have done a few lost trades on a working strategy. Sit back and take stock. grab a coffee and relax for a bit.

Over leveraging (too many lots)

What happens here is that you have failed to correctly work out your risk.

Say you want to take a trade that needs a 20 pip stop and you have an account of $1000 and each pip on your trading account is worth $1

You should only be using 2% risk per trade .

this means that your risking $20 for this trade, at a pip cost of $1 per pip that means you will only be able to trade 1 mini lot.

If you do a couple of good trades you might start to get greedy and trade more lots. so instead of making a measly profit you shoot for the moon and trade more lots for example 10 lots. this now puts your risk at $200 for the trade or 20%.

You lose the trade and your account has now dropped by 20%. you now return to your original 2% risk and it takes a long time to get the account back in shape.

Holding / Opening trades when Red news is near

If you are technical trading you have no business trading when major news events are due to happen. The news announcements can and will throw your tecnical analysis right of sync. not just that spreads can also widen and you will be unable to exit your trades until the news is done spiking the prices around.

There is a place for news trading and we do it here but it takes a totally different view of the market.

How to identify the rogue brokers

To be able to trade the forex market you have to deposit money with a broker. The broker executes your orders on your behalf and they generally get paid the spread between the buy and sell prices of whichever currency pair you trade. This can vary between 2 -10 pips depending upon the currency pair.

There are good and bad brokers and REALLY bad brokers. Lets take a look at the different types.

Bucket Shops

A bucket shop broker typically will not have a direct connection to the markets. do not execute trades into the market and will take the opposite side of your trades and trade against you .

You can identify them quite easily.

They will not be regulated by a proper financial institution (EG in the US the CFTC or in the UK the FSA) .

They will probably reside in some odd island type country.

They may offer introductory deals. eg 20% extra money when you deposit a certain amount of money with them.

DO NOT give these cowboys you money. It is highly likely that even if you do make a profit with them you won't be able to withdraw it anyway

Properly Regulated Retail Brokers

One of these brokers will be your best choice for your trading. They will be properly regulated. part of this regulation means that client funds have to be kept in a segregated account so that your money is safe even if they go belly up. Most have excellent client support channels available 24/5.

Institutional Market Maker

This type of broker are very closely connected with the Forex market. They have a more direct connection than most Retail Market Makers. They usually require large amounts of money for direct access to the interbank market so may not be suitable for a beginner trader.

Fully Institutional Broker

These guys are directly connected to the Forex market. This consists of a consortium of approximately 200 banks. It also represents nearly half of all Forex trading. Unless you are a bank you will not be able to use this type of broker.

In a nutshell stay away from unregulated bucket shops. use a properly regulated broker. and even if they state on their website that they are regulated double check that they actually are.

Always use due diligance before sending your prospective broker your money!

There are dozens of books written about emotions in trading. It is a very large subject so I will identify here the key points that you need to look out for.

Trading in Forex can be a very emotional activity. Here are some classic emotional responses.

1. Invicibility

You take a trade it works out great you get some pips for the day. Your happy. So you take another trade and that works out too. Your Super happy and feeling invicible. You then take 3 more trades during the day and all of them lost and instead of being happy you now are thinking "Why didnt I just leave while I was ahead".

2. Greed

See 1. above, you made some pips and then lost them all and more because you wanted more. you failed to limit your gains just as much as you should limit your losses. There is always another trade on another day.

3. Revenge

Now we are in bad territory you lost your pips already gained and you want to beat the market with a stick and get them back. you might. but it is unlikely that you will. Revenge is now clouding your judgement.

4. The "what ifs" the "maybes" the "could haves " and the "should haves"

Here's a classic. you plan a trade it works out great. You have set TP and SL. It hits TP + say 50- 100 pips. The price then keeps rocketing and you "could have " made another 100 pips. Now think why did you put that TP there. it was part of your plan right. So you traded according to your plan. The trade worked, pat yourself on the back and have a beer. Dont even think about getting pissed cos you missed those extra pips. You succesfully took your share of profits from the market.

Other side of the coin is your SL. You plan a trade and it hits your SL and reverses. GAH! ive seen it many times and will continue to do so. Thats part of trading you planned a trade and stuck to it this time it didnt work out .

So lets look at what happens when emotions come in .

a. You had a winner at your take profit level. and price carried on through your TP and you could have got more pips (remember greed?) So the next trade for some reason you either dont set a TP or you set a TP way above where it should be. Guess what happens. Price takes your trade into profit 50 -100 pips and your trying to let it ride for more (remember greed?) then suddenly a news spike wacks your trade the other way and your stopped out for a loss.

b. You had a losing trade from SL and it bounced at your SL and went back to a nice profit. Next trade you possibly do the worst thing ever and not set a SL .(remember revenge ?) price goes the other way and your in a loss. When exactly are you going to close this trade. Whats the plan. Price continues against you and your now 20- 50 % down on your account on one trade. Not looking great is it .

All of the above can be avoided partly by setting out a trading plan and sticking to it .

5.Cut the losses and let the profits run:

Not really an emotion but this is a very important rule to get into your head

You must maximize your profits by staying in the good trades and get out ot trades quickly that are not working .

The emotional part is being able to leave a trade running that is showing you profit and cutting a trade that is in a loss.

Brokers 101

History of Retail Forex Trading

Now that you know a little about forex, you’re probably itching to start your pippin’ adventures. But before you set off on your journey, you need one more thing… An actual account with a broker!

Of course, we want you to work with a broker that will provide the right services for your individual needs, so we decided to come up with this section to walk you through the right things to consider when choosing!

But first, we’ll begin by revisiting the pages of history to find out how brokers came to life. Name the best thing that the mighty powers of the Internet have brought us. YouTube, Facebook, Twitter, BabyPips. com… Yes, those are all awesome. But what we want talk about is the greatest gift to forex junkies like you and me: Retail FX trading!

In fact, forex junkies probably wouldn’t exist if not for the birth of online forex brokers. You see, back in the 90s, it was much more difficult to participate in the retail FX market because of higher transactions costs. At that time, governments were like strict parents keeping a watchful eye on exchanges, restricting their activities. After time, the CFTC decided that enough is enough. They passed a couple of bills, namely the Commodity Exchange Act and the Commodity Futures Modernization Act, and opened the doors for online forex brokers.

Since almost everyone had access to the worldwide web, opening an account with a forex broker was simple and convenient. Various forex brokers started popping up here and there, eager to take advantage of the booming forex industry. But now that there are many choices out there, it’s a little tougher to distinguish between the good brokers and the evil ones. We’re not kidding about the evil ones, which are also known as bucket shops, and we’ll delve into that a little later.

History of Retail Forex Trading Now that you know a little about forex, you’re probably itching to start your pippin’ adventures. But before you set off on your journey, you need one more thing… An actual account with a broker! Of course, we want you to work with a broker…

Forex 101 Pips Indicator Made 774 Pips In Just 2 GBP/USD H4 Trades

September 16 2014

Forex 101 Pips Indicator is a new indicator developed by Den Murakami and his team initially for a private client who was trading with a wide range of tools. The idea was to unite all these wide range of tools into one algorithm and one indicator. The end result was this Forex 101 Pips Indicator. The performance of this indicator even astonished the client and he happily allowed Den Murakami to sell it in the market. Forex 101 Pips Indicator made 774+ pips in just 2 GBP/USD trades on H4 timeframe. This indicator has been basically optimized for trading GBP/USD, EUR/USD and USD/JPY. Den Murakami says that he loves to use this indicator on M15 and H4.

However you can also use this indicator on M30 and H1. If you are interested, download this indicator and test it on the demo account. Make something like 40-60 trades on the demo account to check how good this indicator is. Only trade live with this indicator once you are satisfied with the performance of this indicator on the demo account.

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Understanding a new concept’s terminologies is a big step in understanding and mastering the new concept itself. Some terms are similar in form to other terms, but are used differently and may mean differently. Knowing a term’s meaning and how to use it makes one more knowledgeable about other concepts connected to it.

Foreign exchange trading, just like any other concepts, has different, new terms or jargons that are used to simplify the underlying concepts used in it.

In forex, you buy a currency with a certain amount of another currency. The value is the exchange rate or how much of one currency is required to buy a unit of another. In each exchange, there are two currencies involved but there is only one price. Currency pairs indicate which currencies are being exchanged. The major currency pairs used in forex trading are: the euro and dollar, the dollar and Japanese yen, the dollar and Swiss Franc, and the British pound and dollar. There are some more different currencies used but these are the ones mainly used by most traders.

Spread cost or the bid-ask spread is what you call the difference between how much the dealer bought the currency and the price given to the currency when he or she sells it – or simply the difference between the bid price and the ask price. The difference is usually how he or she profits. Retail forex traders and big-time forex traders like banks basically make their profit with buying and selling currencies through the spread cost.

Since the forex market is constantly changing and there is still no centralized price for each currency trade, one must be vigilant in choosing dealers with the lowest ask price. The bid-ask spread is a negotiation and traders can choose not to accept the spread cost presented by a particular dealer. Anyway, the spread cost does differ from dealer to dealer and a trader can find the best deal when he or she has the patience to look for it. Foreign exchange trading is basically a simple concept, but the complications happen when you don’t understand the terminologies associated with it. Mastering the terms is just the first step in being an adequate and successful trader in this market.

Reference: Technical Points noted from XE. com and MTrading. eg – a Forex broker from Egypt.

Forex 101: An Educational Guide for Beginners

New in the Forex market? This market may sound really complicated and scary to tackle but it’s not. Just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex es el mercado financiero más grande del mundo. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

Posted in Forex 101

The first rule for success in the forex market is to have a good strategy and to follow it strictly. Few understand that to succeed in the Forex market, the trader must apply the right strategy given the market conditions. Your strategy should begin with how much money you are willing to lose. This may seem a pessimistic scenario, the end of the day the objective is to make money and not lose, but common sense tells you that the Forex market is a game. Seguir leyendo & rarr;

Though forex is the biggest financial marketplace in the world, it is comparatively unknown terrain to retail traders. Until the internet became popular few years ago, FX was chiefly the area of big financial organizations, MNC’s and hedge funds. But with changing times individual investors are more knowledgeable in this relatively grey area. Read on to find the most asked questions on foreign exchange. Seguir leyendo & rarr;

The foreign exchange market is the greatest financial business in the world that deals with trillions of dollars daily. What drives the industry is the constantly fluctuating currency conversion rate of this industry. Large banks and huge financial institutions do FX trading on a huge scale daily. Though this industry was not open to the public for a very long time unlike the stock markets, of late this sector has opened up to the general public. Seguir leyendo & rarr;

Money management is the most important aspect in forex. Even if the estimates of investment in forex tend to be accurate and correct, in the long term may no longer be, so it is essential to implement good money management techniques. The key for success in forex trading is to take big risks and look for higher profits. But this is true and applicable when dealing with virtual money in demo accounts. Seguir leyendo & rarr;

Becoming rich in FX trading is very much a reality if you know the techniques that one ought to pursue to be a successful trader. The flip side is that though you can become rich from this, you also have a big chance of losing the entire thing especially from scammers who are always looking for their next victim. Currency Trading can be a tricky business if an individual are not careful. Seguir leyendo & rarr;

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Forex Trading 101

Forex trading isn’t easy, but with hard work and a great deal of effort, you can become a good trader.

Whether you are aiming to be a day trader or just trade with some extra money you’ve got, you’ll have to master the art of trading. In comes My Forex Mastery to your rescue!

These instructions are made to give a general idea of what Forex trading is and how it’s done. These instructions are not made as a complete guide on trading, this is just the basics. We have much more information here, right on this website, so read on.

Qué es Forex Trading?

Latest technological advances have made online Forex trading easy. You can set up an account, download a platform while funding your account, log into your account, open a chart and start trading in less than an hour. But hold your horses, there is plenty to learn before you make your first trade.

The Forex world is a complicated network of central banks, investment corporations, hedge funds and global market operators, all of which have the same goal as you; buy cheap, sell expensive and walk away with profit.

That is what Forex trading is all about. Make money, keep money, repeat the process. But it isn’t quite that easy.

The turnover on the Forex market is enormous. Every day the equivalent of 5 TRILLION US dollars are traded by volume, in various currencies. Yes, that’s 5,000,000,000,000!

The retails traders (including day traders and hobby traders) on the Forex market (day traders), trade about 1.5 trillion every day.

What is Traded in Forex?

When you trade in Forex you are not buying a physical thing or even a semi tangible thing like stock in a company. You are basically exchanging one currency for another in the hopes that one will go up or down, so a profit can be made when you exchange back to your original currency.

Forex is mostly traded in eight major currencies.

Currency symbols always have three letters, the first two letters identify the name of the country and the third letter identifies the name of that country’s currency, with the EUR being the exception.

All currencies are traded in pairs as this is the Forex trading is the simultaneous action buying of one currency and selling another. Example of pairs is the euro and the U. S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).

Currency pairs that don’t contain the U. S. dollar (USD) are known as cross-currency pairs, or “crosses”. The most commonly traded non-USD crosses are EUR, JPY, and GBP. They would for example be EUR/CHF, EUR/GBP or EUR/AUD.

Exotic pairs are those pairs that contain currencies of an emerging economies around the world. This could be pair containing the Hong Kong Dollar (HKD), South African Rand (ZAR) or the Thai Bhat (THB).

It would depend on your broker on what exotic pairs he offers. But keep in mind that the spreads are two to three times bigger than you’d see with the major pairs.

How to Get Started?

The first thing to do when starting Forex trading is to select a broker. Brokers all offer similar services, but they operate at different levels of reliability. To start with it is suggested that a demo account is opened with the broker you are planning to trade with. The demo accounts are free and are at no risk.

Trading can be done manually or automatically, using so called Expert Advisors (EA). To start with, it is recommended that you trade with an EA you have selected (see a guide on EAs). The EAs will remove the emotional-, greed - and fear-factors (in most cases) compared to when trading manually.

Most, if not all brokers, offer demo accounts that can be used to 1) test an EA or 2) practice manual trading.

Most commonly used platform for trading is MedaTrader 4. Most EAs that have been made have been developed for that platform.

Although trading platforms can be installed on a PC, and that might suit fine for day trading, EAs are better suited to be run on a VPS (virtual private server) forex server.

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Forex Demo 101

Why FOREX ? In case you are reading this guide, you have most likely take some kind of interest in the Foreign exchange market. But what does Foreign exchange market have to offer you?

Accessibility - It is no wonder that the Foreign exchange market has the trading volume of 3 trillion dollars per day. All somebody needs to participate in the action is a computer & web service.

Narrow Focus - Unlike the stock market, a smaller market with tens of thousands stocks to pick from, the Foreign exchange market evolves around more or less one major currencies. A narrow choice means no rooms for confusion, so although the market is large, it is simple to receive a clear picture of what is happening.

Liquidity - The foreign exchange is the largest financial market in the world with every day turnover of over $3 trillion. Now apart from being a cool statistics, the sheer market scope of the Foreign exchange market is also one of the largest advantages. The giant amount of every day trades makes it the most liquid market in the world, which means that under normal conditions you can buy & sell currency as you please. You can never be in the jam for a money to buy or stuck with currency you cannot unload.

The market cannot be cornered - The colosal size if the Foreign exchange market also make sure that no one can corner the market. Even banks don't have enough pull to control the marketplace for a long timeframe, which makes it a best place for the little guy to make a move.

Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks. Capital Gains Tax 101 . FOREX. com provides an introduction to forex market which allows beginners to learn forex trading basics and explore the most traded market in the world. Dec 22, 2009 . Forex Tutorial of Basic Concepts for any Forex Trader. Trading Level: Any Trader Sponsored by: Wilderforex. com. The foreign currency market FOREX is no exception. The goods traded on this market are rates of currencies of different countries. As any other goods the. New in the Forex market? This market may sound really complicated and scary to tackle but it's not. Just like in any kinds of trade, you make money when you. Welcome To Nial Fullers Free 'Beginners' Forex Trading University. Forex Trading 101 – 'Beginners Forex Trading Introduction Course'. This Free Beginners. We are one of the world's leading providers of Forex Hosting and Trading technologies and services to private and institutional traders. By utilizing our powerful. Apr 19, 2014 . Crypto - Forex 101 tutorial gets right to the heart of the matter with no BS. Perfect for both new and seasoned altcoin traders. You may know about stock markets but how about the foreign exchange market ( FOREX )? If you've never heard of it, you should because it's substantially. Jul 15, 2012 . Investors and traders around the world see the Forex market as a new speculation opportunity. Before adventuring in the Forex market we need.

Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks. Capital Gains Tax 101 . FOREX. com provides an introduction to forex market which allows beginners to learn forex trading basics and explore the most traded market in the world. Dec 22, 2009 . Forex Tutorial of Basic Concepts for any Forex Trader. Trading Level: Any Trader Sponsored by: Wilderforex. com.

Review by Alex P, NZ, January 13, 2012. Forex Broker Rating; I am not happy at all with this broker. In fact, things have gone worse since I started with Pepperstone. How to spot a forex scam. Forex scams are the very lies that play on our greed by promising easy money, fast. And guess what. forex scams are everywhere

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Forex 101

Review by Alex P, NZ, January 13, 2012. Forex Broker Rating; I am not happy at all with this broker. In fact, things have gone worse since I started with Pepperstone. Learn forex trading with training and education at BabyPips. com's School of Pipsology. Introduction to the Forex . The purpose of trading on any market is to buy low and sell high. The foreign currency market FOREX is no exception. The goods traded on. How to spot a forex scam. Forex scams are the very lies that play on our greed by promising easy money, fast. And guess what. forex scams are everywhere FOREX. com provides an introduction to forex market which allows beginners to learn forex trading basics and explore the most traded market in the world. In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market. For ease of use, most online trading platforms calculating profit and loss of a traders' open trades automatically. Find out how this calculation is formulated. Information about Forex trading. Learn about Forex market, download free Forex books, expert advisors, indicators and use free on-line Forex tools.

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The foreign currency market FOREX is no exception. The goods traded on this market are rates of currencies of different countries. As any other goods the. New in the Forex market? This market may sound really complicated and scary to tackle but it's not. Just like in any kinds of trade, you make money when you. Welcome To Nial Fullers Free 'Beginners' Forex Trading University. Forex Trading 101 – 'Beginners Forex Trading Introduction Course'. This Free Beginners. We are one of the world's leading providers of Forex Hosting and Trading technologies and services to private and institutional traders. By utilizing our powerful. Apr 19, 2014 . Crypto - Forex 101 tutorial gets right to the heart of the matter with no BS. Perfect for both new and seasoned altcoin traders. You may know about stock markets but how about the foreign exchange market ( FOREX )? If you've never heard of it, you should because it's substantially. Jul 15, 2012 . Investors and traders around the world see the Forex market as a new speculation opportunity. Before adventuring in the Forex market we need. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks. Capital Gains Tax 101 . FOREX. com provides an introduction to forex market which allows beginners to learn forex trading basics and explore the most traded market in the world. Dec 22, 2009 . Forex Tutorial of Basic Concepts for any Forex Trader. Trading Level: Any Trader Sponsored by: Wilderforex. com.

Forex 101: Pros, Cons and Risks To Consider

Forex tends to be a financial topic that seems appealing but out of reach for many. Por qué? Unless you travel in certain financial circles, then you don’t really hear much about it or about the experiences of many people who actually utilize it successfully to make money. But it seems so interesting and an easy way to make money! I’d love to one day fancy myself as a Forex trader but there’s so much to learn amidst concerns around the sputtering US economy. For some traders, these concerns may cause them to stay on the sidelines until economic conditions improve.

Consequentially, there’s been a fall in transactions on Forex, still, they continue to attract a large user base. Today we’ll talk about why that is: the appeal of Forex, risks and types of trading accounts.

The Appeal Of Forex

Despite a global fall in transactions, Forex attracts a large user base because the bar for entry remains low (around $25) with free training to do so. It remains a viable alternative for traders concerned about the future of the US economy. Forex allows the trader to sidestep US economic issues and trade on foreign currency as a portion of their investment portfolios. Forex is also available 24 hours a day and all you need is an Internet connection to access it. Another factor that makes Forex appealing is the potential to make a large profit on a relatively small investment.

What Are The Risks?

With so many pros inherent with Forex trading, there are some risks associated with it that one must consider.

Internet . One must make sure that their Internet connection and computer are running smoothly at all times. Of course, we all know things happen, servers shut down and our laptops/PCs mysteriously freeze or shut down depending on the current activities. This can affect transactions in process so be aware that the things can happen during the course of a trade.

Greed . This one is easy. With the bar of entry so low and the potential to make great money high, it makes sense that some may get into this with eyes bigger than their wallet can manage. Be sure to utilize the proper stop loss tools to minimize risk

Economic Conditions: Since ongoing issues within foreign and domestic economies can change in an instant, it is important to remain abreast of all issues and how they can possibly affect your standing on the foreign exchange market.

Are There Risk Free Forex Trading Accounts?

Yes, there are risk free practice accounts that allow you to practice without losing your own money. Once you’ve tested the demo account, then you can move on to a funded account to get started.

What Types of Forex Accounts Are Available?

Take a look at the trading software from Alpari as it lays out the trading accounts available to the novice and experienced user. You’ll see there are accounts ranging from relatively small deposits on up through large accounts which require more capital.

Do you invest in Forex? If so, what has your experience been?

http://www. pipstoday. com/ Shawn James

I am a forex trader and trading since last 3 years. I consider it, a good investment option. These days, most of the brokers are giving no deposit bonus means traders can start forex trading without investing their own money. Forex trading is free from time restriction therefore traders can trade either in a day or at night.

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Girls Just Wanna Have Funds is for general information or entertainment purposes only and does not constitute professional financial advice. Be smart and do your own research or contact an independent financial professional for advice regarding your specific situation. In accordance with FTC guidelines, we state that we have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

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Forex Courses

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Forex Markets 101

The Forex Markets 101 Tour is designed to help investors recognize the nature and needs of participants in the currency market along with how various foreign currency instruments have been developed to create the largest traded market around the globe.

Forex Markets 102

The Forex Markets 102 Tour helps investors better understand the mechanics, quotations and pricing behind currency trading and what makes the exchange of currency different from other types of investing.

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Note: Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by calling (203) 618-5800 or visiting: http://www. optionsclearing. com/publications/risks/riskchap1.jsp

Los futuros de seguridad implican un alto grado de riesgo y no son adecuados para todos los inversores. La cantidad que puede perder puede ser mayor que su inversión inicial. Antes de negociar futuros de valores, lea la Declaración de divulgación de riesgos de futuros de seguridad. For a copy, call (203) 618-5800.

Futures are not suitable for all investors. La cantidad que puede perder puede ser mayor que su inversión inicial. Before trading futures, please read the CFTC Risk Disclosure. For a copy, call (203) 618-5800.

Hay un riesgo sustancial de pérdida en el comercio de divisas. La fecha de liquidación de operaciones en divisas puede variar debido a las diferencias de zona horaria y los días festivos. Cuando se negocia a través de los mercados de divisas, esto puede requerir fondos de préstamos para liquidar operaciones de divisas. La tasa de interés de los fondos prestados debe ser considerada al calcular el costo de las operaciones en múltiples mercados.

Exchange and Industry Sponsored Webinars are presented by unaffiliated third parties. Interactive Brokers LLC is not responsible for the content of these presentations. You should review the contents of each presentation and make your own judgment as to whether the content is appropriate for you. Interactive Brokers LLC does not provide recommendations or advice.

What is Forex trading signal?

This is actually a signal assistance that provides alerts on trading prospects. One effective means of trading is by effectively following the signals. This plays an effective way on how the Forex traders can select the right trading techniques that will allow one to select the right opportunities . One of the Forex trading signals that you can use is the Vladimir Forex signals.

Trade Forex like a pro

Forex trading is today’s one of the most effective way for you to get extra income. This is a type of money-making venture that does not require enough time and effort once you are familiar with the basic aspects of forex trading. The use of forex trading software is an effective way for you to earn without the need to be there all the time waiting. One of the most effective software for forex trading is the forex trading alert software.

Why Forex trading alerts?

Forex trading alert software is very effective because it will prepare a real-time alert regarding a certain currency pair. This may also depend on the buy or sell alerts that can be send through SMS or email notification that will certainly help you decide if it is wise to make a trade. Moreover, the alert might also include limit and stop-loss information for you to prevent from continuous monitoring as the auto trading platform that would surely help you execute your trades that is already set.

This is a statement made by Vladimir Ribakov who is a popular and highly reputed Forex trader. When you do something that you enjoy, you are able to exceed in that profession and you will come out as a victor. If you are interested in trading currencies, you should get to know Vladimir Ribakov more and his various innovative trading tools. It is not enough that you use one or two methods when you are into trading currencies, as well as commodities and stocks. Ribakov is well known for using a number of key analysis methods, including the divergence trading method. His advice, signals, and methods will work for you regardless of the market’s direction on a given day.

Why Forex trading alerts?

Trading forex signals

Forex Scams 101 l Brenda Hamilton, Attorney

The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) warn that off-exchange forex trading is at best extremely risky, and at worst, outright fraud. Forex scams are on the rise and a hot new target for the Justice Department and state regulators. Forex scammers often operate multiple businesses and it is common for these fraudsters to operate other types of scams domestically and internationally including boiler rooms, pay day loan stores, credit repair services and penny stock manipulation schemes.

Forex Investment Contracts

Forex contracts involve the right to buy or sell a certain amount of a foreign currency at a fixed price in U. S. dollars. Profits or losses accrue as the exchange rate of that currency fluctuates on the open market. It is extremely rare that individual traders actually see the foreign currency.

Instead, they typically close out their buy or sell commitments and calculate net gains or losses based on price changes in that currency relative to the dollar over time.

The Forex Markets

Forex markets are among the most active markets in the world in terms of dollar volume. The participants include large banks, multinational corporations, governments, and speculators. Individual traders comprise a very small part of this market. Because of the volatility in the price of foreign currency, losses can accrue very rapidly, wiping out an investor’s down payment in short order.

How Forex Scams Work

Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. Coupled with predictions about supposedly inevitable increases in currency prices, these contracts are said to offer huge returns over a short time, with little or no downside risk.

In a typical case, investors may be assured of reaping tens of thousands of dollars in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted—stolen — for the personal benefit of the scam artists.

Investors may be solicited via internet and by phone rooms set up by the scammers. Many times groups operating forex scams are participants in a wide range of frauds and money laundering activity. It is not uncommon to find scam forex operators also involved in penny stocks or check cashing stores.

Regulation of the Forex Markets

The CFTC is the Federal agency with the primary responsibility for overseeing the commodities markets, including foreign currency trading. Many state securities regulators also have the right under their state laws to take action against illegal commodities investments. Sometimes the Justice Department, CFTC and the states work together on cases

Common sense goes a long way when it comes to investing. Get-rich-quick schemes, including those involving foreign currency trading, tend to be frauds.

Investors solicited by a company that claims to trade foreign currencies should watch for the following red flags:

► Forex websites that do not list the names of principals, managers or employees

►Promises that sound too good to be true: “You can make six figure profits within a year; forex investments are very low risk; You can double your money.”

► Unsolicited phone calls offering investments, especially those from out-of-state salespersons or companies that are unfamiliar.

► Investors should be extremely cautious particularly if they acquired a large sum of cash recently and are looking for an investment vehicle. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators.

► High-pressure efforts to convince investors to send or transfer cash immediately to the firm, via overnight delivery or the Internet.

Even when purchased through the most reputable dealer, forex investments are extremely risky and investors should consider whether he or she can afford to lose their entire investment.

Investors should make sure that anyone offering a forex investment is properly licensed and has a reputable business history. The public can obtain information about any firm or individual registered with the CFTC, including any actions taken against a registrant, through the National Futures Association (NFA) Background Affiliation Status Information Center (BASIC), available on the NFA website here. Investors may also find out if someone is registered by calling the National Futures Association at 1-800-676-4632.

The CFTC’s Division of Enforcement has established a toll-free telephone number to assist members of the public in reporting possible violations of the commodities laws. Call 866-FON-CFTC (866-366-2382). In addition, whistleblowers can report suspicious activities or information to the CFTC .

The securities regulator in your state or province also may be able to help. Visit NASAA’s website at www. nasaa. org to contact your state or provincial securities regulator.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at info@securitieslawyer101.com or visit www. securitieslawyer101.com. This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.

10 successful steps to start Forex trading: Forex 101

How to do Forex trading is fairly easy although it may seem complicated to some people basically for beginners . The key to succeeding in the money market trade is to keep it simple. The more complicated you make your strategies in Forex trade, the more difficult it will be for you to make consistent profits.

Overall Forex trade is a great moneymaking venture. Trillions of monies are traded in the Forex market every day. Using a small investment you can make a lot of money from trading in Forex. The money market trade is a simple profession to learn as you only need to keep certain pointers in mind in the beginning.

The further you go in the trade the more experienced you will become. All you have to do is start with basic pointers and get bolder as you become more experienced when trading in Forex.

Ten pointers for beginners in Forex trade

Learn the Forex trade basics

You need to know the basics of Forex trade if you are going to make any headway in the trade. Everything starts with applying for a trading account from a good broker .

Basics on how to start trading in Forex

When it comes to how to do Forex trading, it’s very important to attach yourself to the right broker. Reputable Forex brokers work in conjunction with a reputable lending institution or bank.

There are many unscrupulous brokers hence you need to find a genuine and top notch broker to succeed in Forex trade. Look for a broker who is working with a reputable financial institution.

Secondly, ensure the broker is regulated by the Commodity Futures Trading Commission. Also, ensure that your broker is in registration as a Futures Commission Merchant.

Ideally a good Forex broker should have more than ten years of experience in the trade. The broker should have a professional website and have a lot of good reviews as evidence of his sound business acumen. Your broker should be able to give you good customer support and provide a favorable environment for easy financial transactions.

Once you open a Forex trading account, you have to start trading to make profits. You cannot just dive in and do as you please; you must have a trading strategy . Often in the Forex trade profession you will hear the statement “If you fail to plan you are planning to fail”.

This statement sums up what is Forex trade is all about. You have to plan every step and make good strategies otherwise you will fail. On top of that you need to work with the right currencies and trading tools .

Currencies in the money market trade

There are quite a number of currencies traded on the money market, and you cannot succeed at Forex trade without knowing about them. Of course, you may choose the currencies you want to work with specifically. However, you cannot pick the right currency to work with if you don’t have good information on all available currencies.

When it comes to do Forex trading, currencies are traded in pairs, and there are 18 currency pairs in Forex trade. The currency you spend is known as the base currency while the one you purchase is called the quote currency.

When trading Forex, you sell one currency to purchase another. You have to keep the exchange rate in mind. The exchange currency in money market trade is the amount of quote currency you have to spend to purchase base currency.

Choose the right trading platform and tools

When it comes to how to trade in Forex, it’s important to find the right trading platform. Once you choose the right broker then pick the right trading platform. Ideally brokers offer personal or managed trading platforms to traders.

Personal accounts are under the trader who gets to do his trades. Managed accounts are taken care of by a broker, and he executes trades on behalf of the trader. Each platform has tools of the trade such as trading charts, news and data alerts . technical analysis tools and other systems.

Get demo trials from your broker

To identify the right platform for you, you request a free trial from your broker. Also, watch out for the cash transfer costs charged and transaction costs to ensure that Forex trading with your broker of choice will not cut too much into your trade profits.

When you become satisfied with the account, you can go ahead and open your online Forex Brokerage Account. Your broker will give you paperwork to fill out. Once your form is processed, your broker will inform you via email concerning your account activation information.

Once you follow the instructions and activate your account, you can get started with trading on a demo account. Practice on the demo account using some paper money until you are confident that you understand the basics.

Placing orders

You need to learn how to place orders when learning how to do Forex trading. There are different orders you should know. Market orders are used when you instruct a broker to place a buy/sell order at the prevailing market rate.

Limit orders are used when you ask your broker to make a trade on your behalf at a specific price. Stop orders occur when a trader makes a choice to buy currency above the market price anticipating that it will rise making way for a good profit.

Alternatively traders can use their brokers to sell currency below a prevailing market price to cut losses when using stop orders.

The importance of adequate leverage

Sources of profits in Forex trades known as price fluctuations are normally quite small. Hence according to how to trade Forex trading you need adequate leverage to trade in Forex. Leverage is the amount you will borrow from your broker for trading.

Leverage is calculated as a ratio; for example in a ratio of 50:1 it means your broker will give you $50 for every dollar of actual capital.

Analysis, trade strategies and trends in Forex trade

You have to choose between two types of analysis to advise your trading strategies. These are Technical analysis and fundamental analysis. It is advisable that you master technical analysis that involves reading charts and predicting trends to make the right moves when trading.

The success of Forex trade depends on the type of analysis you use and the trading strategy that you choose as well. The trading strategy you use is based on the kind of trader you want to become in Forex trade. You can be a short-term trader or a long-term trader but keep in mind that different strategies work in different time frames.

You should learn how to identify and work with trends as they can help you identify chances of making profits. Once you learn how to identify trends through the use of price charts you are always advised to move with the trend.

Returns on investments

Once you pick the currency pairs you want to trade in you need to consider how you will profit from trading them. According to how to do Forex trading, Forex trade involves buying one currency and selling another currency. Each currency has an interest rate attached to it.

When you sell currency, you are expected to pay the interest attached to that currency. On the other hand, if you buy the currency you are expected to earn interest from it. The difference in the interest rates of the currency you choose to buy and the one you choose to sell, as concerns the currency pair you choose to trade in, is your profit.

You have to learn to make well-informed decisions or bids to make profits. Bids are the price at which brokers are willing to purchase base currency in exchange for quote currency. The bid you make is the best price you are willing to sell your quote currency.

To increase profits, you have to shop around among brokers. Keep in mind that the more you look around, the greater your chances of making a good profit. You should learn how to read a Forex quote. A quote shows the bidding and asking prices. The bidding prices are on the left while the asking prices are on the right.

Set your margins

It is important to determine your margins to avoid exceeding your boundaries. Do not fall into the trap of investing a lot of money in the hope of making huge profits. Keep in mind that you can invest a little money wisely and still make successful trades .

Traders are advised to invest only two percent of their money in any currency pair when trading. Start with this approach, to avoid unnecessary losses ; you may upgrade later when you gain more experience.

Profits in Forex trade

The profits you make from a trade in Forex is the difference between the purchase of a currency and the sale of the currency. Profits in Forex are the spread. You calculate a spread in units known as pips. You calculate a pip as 0.0001 of the change in value between two currencies. The pips are multiplied by the exchange rate to register profits or losses.

Keep an eye on factors that affect trade

Some factors will help you determine the currencies you want to trade in. One thing is daily news items touching on big economies. If you find for example an economic news piece indicating that the British pound is about to weaken, then you may consider selling your pounds in exchange for currency from a country exhibiting a strong economy.

Other factors that will affect your trading decisions are political events, the trading positions of certain countries and trends.

The danger of emotionalism

These factors will give you a good head start on Forex trade. However, you have to keep one thing in check, and this is your emotions. Many traders fail in Forex trade because they let their emotions guide them when making trade decisions instead of trusting in analysis and trade strategies.

You must learn to work only with your trade analysis results and chosen strategies if you want to succeed in Forex trade. Forex trade is easy when you make the right moves. Why not follow these guidelines on how to do Forex trading and to be succeed ?

Please subscribe us bellow to get new strategies and tools to be successful in forex trading.

Read more about forex

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How can you get Forex trading signal automatically?

7 Top Forex mistakes that experienced traders probably still making!

6 effective steps for the best results in Forex Scalping.

How to run a successful Forex trading business?

10 steps for perfect Forex Technical Analysis.

Why should you use Forex automated trading software?

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Top 5 mistakes in Forex money management .

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How to become a better Forex trader?

Forex Trading Lots 101

Forex Trading Lots 101 Reviewed by ForexNewsNow on Jul 11 Rating: Read about what lots are and how they are used when trading forex via online forex brokers.

ForexNewsNow – Although a relatively unknown concept in the professional Interbank forex market, just about all online forex brokers in any given brokers list will have a minimum transaction amount known as a lot size that applies to all forex transactions for a particular currency pair made in a customer’s online trading account .

This concept of trading lots seems to have been borrowed from the futures markets where currencies historically traded in lots. Also, several lot sizes are in common usage among currency brokers. sometimes even at the same online forex broker .

Listed from smallest to largest, these lot sizes include micro, mini and standard lots that will each be described further in the sections below.

Micro lots are the smallest lot size typically offered by an online foreign exchange brokers. They usually only consist of 1,000 units of the base currency for a particular currency pair.

As a result, owning a single GBP 1,000 micro lot in your online trading account in the GBPUSD currency pair will result in a value fluctuation of $0.10 for a one pip movement seen in the exchange rate for GBPUSD.

A small number of micro lots can make a perfect trading vehicle for novice or poorly funded traders to get started trading in a live forex dealing environment without taking too much risk for them to handle comfortably.

More sophisticated currency traders can also use micro lots in larger quantities to help fine tune a trading strategy or when detailed position sizing is involved in a money management program.

Mini lots are the intermediate lot size offered by online foreign exchange brokers. For any particular currency pair, they are usually made up of 10,000 units of the base currency.

Therefore, owning a single EUR 10,000 mini lot in your online trading account in the EURUSD currency pair will result in a value fluctuation of $1.00 for each pip of movement in the EURUSD exchange rate.

Mini lots are frequently used by more experienced traders as their risk tolerance and account funding permits. They tend to provide extra flexibility in position sizing compared with standard lots.

Standard lots are the largest lot size typically offered by online currency brokers. They usually consist of 100,000 units of the base currency.

Accordingly, owning one AUD 100,000 standard lot in an online trading account in the AUDUSD currency pair will give you a minimum value fluctuation of $10.00 for each single pip of movement observed in the AUDUSD exchange rate.

Standard lots are primarily only used by experienced and well funded forex traders or perhaps those traders that have an especially high risk tolerance. Nevertheless, many very experienced traders feel rather constrained when making position sizing decisions using only standard lots, and so they might prefer to use mini or even micro lots instead for the greater flexibility they provide.

Using Leverage to Magnify Lot Sizes

Since most online forex brokers offer significant leverage ratios to their forex trading clients, many traders are tempted to trade forex on margin where they only put up a portion or percentage of the funds that otherwise would be required to hold a forex position.

Unfortunately, using a fairly common leverage ratio of 100:1 can allow a trader — who perhaps should be trading micro lots from a money management or experience perspective — to trade the risk adjusted equivalent of a standard lot.

Novice or poorly funded traders would therefore be well advised to minimize the use of leverage when trading in order to make the usual forex trading mistakes considerably more affordable to their online trading account .

RISK WARNING: Trading in any off-exchange forex market may have potential rewards, but also brings with it potential risks. There is considerable exposure to risk in any off-exchange financial transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a financial asset. Please be aware of the risks and be willing to accept them in order to trade forex. Forexnewsnow. com is an informational resource designed to provide forex broker reviews. top forex brokers information and forex reviews but does not take any responsibility and/or liability for any financial investing of any sort that was initiated and/or carried out based upon or using information from forexnewsnow. com and/or its affiliates. Before deciding to participate in the off-exchange forex market, you should carefully consider your investment objectives, level of experience and risk appetite. No negocie con dinero que no puede permitirse perder. Forexnewsnow. com is owned by Prescience, LLC, a for-profit organization that earns revenues from the advertising displayed on Forexnewsnow. com and related websites.

Copyright y copia; 2008-2013 Forex News Now. Prescience, LLC. Todos los derechos reservados.

Inicio & raquo; Forex » Forex Trading » Money Exchange Rates And Understanding Leverage

Thu, 24th March 2016

Money Exchange Rates And Understanding Leverage

Money exchange rates are always changing. The currency exchange rates you viewed yesterday or last week will be different today. The changes that occur on a minute to minute basis will be small, but if you are trading currencies in large quantities, you will have the best chance to make money in the market. Leverage allows investors to borrow money to make more money on the fluctuations in the market.

Many participants cringe when they hear the word leverage. Leverage is an important part of the Forex markets, and you will want to use this to your advantage when you are trading. It is impossible to make any real income just from trading one pair, so you are allowed to use leverage with a broker to have an opportunity to make more money with your investment. The broker might let you trade at a ratio 1:100. When you trade this way, you are investing $1, and your broker invests $100 on your behalf. This also means the market has to move 100 pips for you to lose your investment.

You can also trade at a much riskier leverage rate by trading at a ratio of 1:400. Under this scenario, the investor invests $1, and the broker invests $100 on your behalf, but the market only has to move 25 pips for you to lose your entire investment.

By using a broker and software like Easy Forex, you can limit your losses with a stop loss order. A stop loss order prevents you from losing more money in the market than you have invested. This helps protect you from large losses while still giving you a chance to make a nice profit. This is why leverage is crucial to making a significant return on your investment.

One of the best way to minimize the losses on your investment is to use software like Easy Forex. This will give you all of the information you are going to need to know to make wise educated financial decisions. You will see that this program will show you all rising trends in the international currencies, and it will also allow you to see down trends in the market.

Online Foreign Exchange

Forex Scalping 101

With its daily average trading volume of 1.6 trillion dollars, which is roughly 5 times of that of the U. S. Treasury Bond Market and around 150 times of that of the U. S. Stock Exchange, liquidity is the best word to describe the ever-growing foreign exchange market. Because of this distinguishing attribute, traders in the forex turn to "scalping", a trading strategy that takes advantage of the highly liquid nature of the currency market.

Scalping in the world of forex is done through the use of the particularly high leverage of the foreign exchange market combined with the tactic of amassing large number of short-term trades, each targeting only about 1-5 pips.

The trading strategy that is scalping benefits traders especially those who are dabbling with day trading as it is very much compatible with it. The short term principle of scalping will very much complement the forex day trading tactic of buying and selling of a currency within the same day.

Aside from complementing day trading, scalping also benefits generally all forex traders in the sense that it lessens the risks involved in currency exchange. With the numerous short-term trades that are employed in scalping, risks are dispersed among the large number of trades. Apart from that, risks are also avoided as exposure to the market is only short-term, making the possibility of losses coming up less likely.

There are three factors that greatly affect the forex strategy that is scalping. These factors are: the market's liquidity, its volatility and the time frame involve in the trading.

The liquidity of the foreign exchange market greatly affects scalpers as they need to cash in on the numerous short term trades that they make immediately which is fundamental in the strategy of scalping.

Volatility on the other hand, affects scalpers in the sense that the more stable the forex market is, the better will it be for currency exchange scalpers as they only benefit from small and short-term market fluctuations, things which are not present in a very volatile market.

Time frame is another factor that scalpers must take into consideration as scalping involves quick, successive short-term trades where timing is very much essential.

Scalping is a forex strategy that greatly benefits those traders that prefer short-term trades such as day traders. It may not appeal to some traders however, but what is important is that every forex trader understands the complete concept of this trading strategy as it provides important advantages such as the lessening of trading risks.

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Trading Currency

Trading currency implies knowing about currency rates and market fluctuations, which are constant, requiring a safe method to be updated on market venues. Knowledge is truly the key for success in trading currency, as any broker will tell you.

With the Internet, it has become easier for individuals to participate in the business of trading currency. New markets have become available and information reaches every involved party in a speedier fashion.

There are several sites whose speciality is trading currency. We've selected a few experts to rate them in order to provide you with a list of the best offers and quality forex sites.

Here, you can access all sorts of information on foreign exchange markets, consult charts and stats, read the quotas and learn to interpret them for setting forecasts, download the online trading currency software for free and open a trial account for practicing.

Trading currency is an exciting and adventurous business, as much as it is speculative. However, there are ways to minimize the losses and risks, as you'll learn by accessing our experts' articles on how to optimize your investments.

Click on the links for a better understanding of how forex markets work. You'll be able to start trading currency yourself and making money from it in no time.

Interest rates should be carefully monitored when doing forex trading. These rates dictate what is a strong currency and what is not. This is because interets rates greatly affect currency values.

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Descargo de Riesgo: Forex trading tiene grandes recompensas potenciales, pero también un gran riesgo potencial. Usted debe ser consciente de los riesgos y estar dispuesto a aceptarlos con el fin de invertir en los mercados de divisas. No negocie con dinero que no puede permitirse perder. Esto no es ni una solicitud ni una oferta para comprar / vender instrumentos de divisas. No se está haciendo ninguna representación de que cualquier cuenta tenga o sea probable obtener ganancias o pérdidas similares a las discutidas en este sitio web. El desempeño pasado de cualquier sistema o metodología comercial no es necesariamente indicativo de resultados futuros.

Toda la información en este sitio web es sólo para fines educativos y no pretende proporcionar asesoramiento financiero. Cualquier declaración sobre beneficios o ingresos, expresada o implícita, no representa una garantía. Su comercio real puede dar lugar a pérdidas, ya que no se garantiza el sistema de comercio. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold eNetGroup Inc. and any affiliated traders, writers, analysts, and developers harmless in any and all ways. Todos los derechos reservados. The use of this website and or its contents constitutes acceptance of our disclaimer.

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Forex 101 Knyga Pdf

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TRADING THE FOREX 101

TRADING THE FOREX IS A GREAT WORK FROM HOME BUSINESS.

That is right. Once you learn it, you can work from home in your PJs if you want to and make a lot of money. You won't have to commute and waste all that expensive gasoline. All you have to do is learn how to trade without losing any money. We will attempt to show you how to do this in the following pages. If you are a beginner you should learn the basics. Below is what I call the knowledge pack. It has a lot of basic information in it, making it easier to get started trading. The total package could easily sell for $100.00 to $200.00 but I have arranged for you to get it for only $5.00

THE FOREX KNOWLEDGE PACK FOR BEGINNERS

Forex Trading Beginners: Don't Confuse Knowledge With Success

Explained in an article

By: Edward Lomax

Forex trading beginners are hungry for knowledge. They want to know how to make money in the Forex market. enough money to make an impact on their lives. But sometimes this desire for knowledge is exactly what keeps them from being successful. In this article I want to show you that you don't need to know everything about Forex trading to be successful, you only need to know enough to be successful. Let me explain.

Knowledge Without Action Is Useless

I'm going to use an example from the fitness industry, and then we'll talk about how this effects Forex trading beginners. Go to a fitness forum and you will quickly identify hundreds (if not thousands), of posters that know a lot about exercise and fitness. that have failed to reach the goal they set out to achieve. They know all the scientific names, have studied all the top trainers and could earn a college degree with all the knowledge they know. But they are still fat, weak and with an unfit body.

You see, the mistake they are making is putting their priority on gaining knowledge, and not putting the knowledge they have into action. They spend more time sitting at the computer and reading books than they do exercising. Neither activity gives them the results they desire because they aren't spending any time in the gym..

How This Relates To Forex Trading Beginners

The Forex market is not something you just want to jump into. So, the beginner Forex trader wants to learn everything they can before they put any money into it. They go from one website to another. They buy ebooks and take courses. And at the end of the day all this knowledge has the reverse effect of only making them confused.

Sometimes, too much knowledge can actually be a handicap. If you had to take everything into account before you make a currency trade, you'll end up analyzing and not trading. This system says go long. but this other system says go short. What should I do? The beginner Forex traders usually ends up doing nothing. which means they have no chance of making any money.

How To Turn Forex Knowledge Into Success

The fact is, Forex is such a big topic that you may NEVER know everything. But the good news is. you don't have to know everything in order to be successful. You only need to know the information necessary to put a successful trading strategy into action. Nothing more, and nothing less. You see, I am not suggesting you jump into the Forex market without doing your homework. Just opening up an account and making trades off the top of your head is the fastest way to lose money. What I am suggesting is you learn the right information really well and then put that knowledge into action.

You could spend the rest of your life studying Forex trading. And maybe you might be the one person on the planet that knows the most about Forex trading. But who cares when your goal was to actually make money trading currency. Unless someone is paying you for your knowledge, you need to trade to make money as a trader.

When everything is said and done, FOCUS and ACTION are the fastest way to go from a Forex trading beginner to a successful Forex trader. Focus on the specific information that will aide you in putting a proven trading system into action.

But the most important part is to use that knowledge to take action by actually trading a proven Forex trading system. This is the fastest way to make money as a Forex trader.

WHAT IS THE FOREX OR FOREX MARKET?

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day. That is larger than all US equity and Treasury markets combined!

Unlike other financial markets that operate at a centralized location (i. e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.

The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.

Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency ¨the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.

Example: suppose you had $1000 and bought Euros when the exchange rate was 1.50 Euros to the dollar. You would then have 1500 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with. You might see the following: EUR/USD last trade 1.5000 means One Euro is worth $1.50 US dollars. The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The FOREX plays a vital role in the world economy and there will always be a tremendous need for the exchange of currencies. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Germany can sell products in the United States and be able to receive Euros in exchange for US Dollar.

RISK WARNING:Risks of currency trading Margined currency trading is an extremely risky form of investment and is only suitable for individuals and institutions capable of handling the potential losses it entails. An account with an broker allows you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity).The funds in an account that is trading at maximum leverage may be completely lost if the position(s) held in the account experiences even a one percent swing in value. Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that, if lost, will not significantly affect the investors financial well-being.

WHY TRADE THE FOREX? 10 REASONS TO START TRADING FOREX!

More and more well informed investor and entrepreneurs are diversifying their traditional investments like stocks, bonds & commodities with foreign currency because of the following reasons:

1) FOREX is the largest financial market in the world. With a daily trading volume of over $1.5 trillion, the spot FOREX market can absorb trading sizes that dwarf the capacity of any other market. In fact, when compared with the $50 billion daily market for equities or the $30 billion futures market, it becomes quickly apparent this gives you, and millions of other FOREX traders, almost infinite trading liquidity and flexibility. 2) FOREX is a True 24-hour market. The FOREX Market never sleeps. Trading positions can be entered and exited at any moment around the globe, around the clock, 5.5 days a week. There is no waiting for an opening bell as in the case of trading stocks. It is a 24- hour, continuous electronic (ONLINE) currency exchange that never closes. This is very desirable for you if you want to trade on a part-time basis, because you can choose when you want to trade: morning, noon or night.

3) There is never a Bear Market in FOREX. You can have access to a seamless exchange of currencies. Currencies trade in "pairs" (for example, US dollar vs. JPY (YEN) or US dollar vs. CHF (Swiss franc), one side of every currency pair (for example, USD/CHF) is constantly moving in relation to the other. Thus, when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value versus the other. Of course, it is up to you to choose the correct currency to be long ( you bought) or short( you sold).

4) High Leverage - up to 400:1 Leverage. You are permitted to trade foreign currencies on a highly leveraged basis - up to 400 times your investment with Fenix Capital Management, LLC and with some other brokers. Standard 100,000- US$ currency lots can be traded with as little as 0.25% margin, or $250. Mini FX accounts are permitted to trade with just 0.25% margin, meaning, just $25 allows you to control a 10,000-unit currency position. Futures traders, who are accustomed to margin requirements generally equal to 5-7%-8% of the contract value, will immediately recognize that the FOREX market provides much greater leverage, and for stock traders, who must post at least 50% margin, there’s no comparison. If you’re looking for an efficient use of trading. trade the Forex Market.

5) Price Movements might be Highly Predictable. Currency prices in the FX market generally repeat themselves in relatively predictable cycles, creating trends. The strong trends that foreign currencies develop are a significant advantage for traders who use the "technical" methods and strategies. Unlike stocks, currencies have the tendency to develop strong trends. Over 80% of volume is speculative in nature and, as a result, the market frequently overshoots and then corrects itself. As a technically-trained trader, you can easily identify new trends and breakouts, to enter and exit positions.

6) YOU don't pay commissions or fees to trade FOREX. When you trade FOREX, through Fenix Capital Management LLC (FCM) you can do it totally FREE of commissions and fees. regardless of your account size. Fenix Capital Management LLC, requires a very low minimum amount to open a brokerage account, only US$ 200 and they do not charge commissions or fees to trade or to maintain an account, regardless of your account balance or trading volume.

7) YOU don't have to pay trading fees or exchange fees. There are none of the usual fees, which futures and equity traders are accustomed to pay: NO exchange or clearing fees, NO NFA or SEC fees. Because currencies trade over-the-counter (OTC), via a global electronic network, in FOREX, what you see on your trading screen, is what you get, allowing you to make quick decisions on your trades without having to worry or account for fees that may affect your profit/loss or slippage. In the equity and commodity markets, you must pay both a commission and exchange fees. The over-the-counter structure of the FX market eliminates exchange and clearing fees, which in turn lowers transaction costs.

8) HOW to Forex brokers make money if they don't charge commissions? Like all traded financial products, over-the-counter currency trading involves a bid/ask spread, which represents the prices at which your counterpart is willing to trade. Your broker will receive a part of this bid/ask spread. Because the currency market offers round-the-clock liquidity, you receive tight, competitive spreads both intra-day and night. Stock traders can be more vulnerable to liquidity risk and typically receive wider trading spreads, especially during after-hours trading.

9) Market transparency is highly desired in any trading environment. The greater the market transparency, the more efficient the market becomes. Unlike other markets where transparency is compromised (like in the many recent scandals), FOREX markets are highly transparent (i. e. analyzing countries, and having access to real-time research / news, is easier than analyzing companies). Because of this transparency, as an FX trader, you will be able to apply risk management strategies in accordance to your fundamental and technical indicators.

10) Instantaneous Order Execution The FX market offers the highest level of market transparency out of all the financial markets. Because of this, order execution and fill confirmation usually occur in just 1-2 seconds. In Forex, order execution is all-electronic and because you'll be trading via an Internet-based platform, instantaneous execution is routine. There are no exchanges, no traditional open-outcry pits, no floor brokers, and consequently, no delays.

If you are a beginner start with a practice account first until you get familiar with trading. You can switch to real trading when you are comfortable with the way everything works.

Finding a Broker

So how do you get started? As for me personally, I didn't have the funds to sign up and trade a regular account. So I went with Fxcm. where you can start with a practice account and later trade for real money. Another reason to choose Fxcm was they have different account levels to trade. I didn't have a lot of funds so I started out with a basic account or Mini as it is referred to. To sign up for the basic account, you need to start with a deposit of at least $50.00. Fxcm has a trading station complete with up to date charts. Their web site dailyfx is loaded with trading tools along with a forum that members can discuss various currencies. They even have a mobile app so you can trade on the go. You should still research several other brokers and choose the one you like best. Get a Broker Directory at FXEMPIRE .

Discovering the Forex

When I was a boy, I looked at the difference in the value of the US dollar and the Canadian dollar. So I thought what if I went over to Canada and purchased Canadian quarters with American dollars, I could gain about 10%( not that way today ) if I could exchange them. After thinking it through, I realized that it would be too much trouble. Especially considering the fact that I live so far from Canada. After growing up I saw an opportunity once again of making money in the exchange rate of the dollar. This is when I was introduced to Forex Trading. I thought trading with Forex would be easier than traveling to Canada. Easier it is, but it is also easy to lose your shirt.

Before making any dicisions please read the disclaimer at the bottom of this page. The views and opinions expressed here are that of the site owner and you should not make any trades based on opinions. Because everybody has one.

Trading the forex is very tricky. Remember Newtons Law "For every action there is an equal and opposite reaction". I don't know if that is true in the money markets, but I do know there are only two ways for the price to move from the point of entry it can go up or down. If you think it is going up you buy, if you think it is going down you sell. This means there is a 50% chance it will move up and a 50% chance it will move down. Sounds like gambling doesn't it. Well, it is. To be successful we need to put some things in place to put the odds in our favor. Here are some things you can do to help accomplish that.

Administración del dinero. Find out what risk/reward is and how to apply it.

Emotion. Don't trade with emotions. Its better not to trade than to lose your money. Never trade just to be trading.

Tendencia. Don't trade against the way the trend is moving. Check a daily or weekly chart to find trend movement.

Stop. Always put a stop-loss in place to limit your risk in a trade and prevent a big loss.

Limit. Place a comfortable limit on your trade. When reached it will close the trade and give you a profit.

MY FIRST DEPOSIT AND TRADES

I made my first deposit scraping up a $100 and was ready to make my first trade. And of course I had to try the USD/CAD. I can't remember the year, however I will never forget outcome of the next couple of days after that trade. The USD/CAD was in a nice wide channel at the time, and I got in at the bottom and rode it to the top. Then I went short and rode it back down. I did this several times increasing the number of contracts (1000 - mini) each time. Before I quit for the night I had $340 in my account. At the start of the next day I took it a bit slower to begin the day. As the day wore on I kept making money. I traded up till about 11:00 PM that night. By that time I had $789.00 in my account. It seemed as if I could do no wrong, I had finally found a easy way to make a living on line at home.

Just before midnight I was tired an decided to go to bed. I was running about 15 (mini ) contracts and decided to let them run till morning. When I woke the next morning. I rushed over to my computer to see how much money I had made. I checked my account an almost choked from the lump in my throat. My account showed I had only$27.00 in it. How could that be I asked myself? After checking it over, I realized I had failed to put a STOP LOSS on the contracts I had running.

This is a true story and a good example of why you should not trade with emotions, had I not been so excited I would not have gone to sleep with out putting a STOP LOSS on the contracts I had running.

What happened was there was a breakout to the short side. I checked the charts and they showed a spike down to the price where I was closed out. And of course it was a spike so the price went back to to where it was originally trading before the spike. It seemed like my account was targeted to break me and get me out. This put me back to scraping and saving up another $100.00 to be able to trade again.

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Forex Trading 101

Trading currencies – in short: Forex Trading – becomes more and more popular. Especially retail investors started to buy and sell currencies instead of stocks. Compared to stocks or funds, FX trading offers more opportunities to make huge profits, but there’s also more risk involved. It’s also possible to lose every single dollar in your trading account.

There’s no market that is as liquid as the Forex market. Currencies are bought and sold every second. Online trading platforms are able to trade automatically and to follow algorithms that were developed by humans. Forex trading is very easy nowadays. Forex brokers provide good platforms that are easy to use for everyone.

The birth of the Forex market goes back to the Seventies when countries decided that currency exchange rates should be variable and not fixed any more (floating). Since then, the exchange rates are determined by supply and demand. When lots of people want to own US-$, the demand for Dollars will rise and the exchange rate to other currencies like Euro is increasing. When you bet on an increasing $ exchange rate, you will make money in this case. And due to the fact that you can trade with leverage it is possible to make a lot of money with relatively low investments. A leverage of 1:200 is pretty much standard. If you bet 500 Euro it is possible to have control over 100.000 Euro. In case one exchange rate climbs 1 % – you will earn 1000 Euro – only with 500 Euro at stake. To avoid high losses, the position will be liquidated as soon as the exchange rate is decreasing by 0.5 %. So you can only lose 500 Euro but you have the chance to earn multiple times your initial investment.

You can trade 24 hours a day and five days a week. When you’re trading Forex you always sell or buy two currencies – a pair of currencies. In case you want to trade with US$ and Euro you can bet on a rising Euro compared to US$ or a falling Euro.

The most important currencies and their acronyms are:

United States Dollar (USD, $)

Euro (EUR, €)

Japanese Yen (JPY, ¥)

British Pound (GBP, £)

Franco suizo (CHF)

It’s important to distinguish between bid and ask prices.

Bid price is an expression for the amount a trader is willing to pay for a currency

Ask is an expression for the amount a trader is willing to sell a currency

When you’re trading Forex online you don’t pay any commission. Now you might ask how a Forex broker can make money. He earns money with the difference of bid and ask (also called spread). This spread is expressed in “Pips”.

For example: The exchange rate for EUR/CHF is 1.3154 – 1.3157. This means that there’s a spread of 3 Pips. That is what a broker actually earns when he connects a seller with a buyer. The seller gets 1.3154 CHF for each Euro and the buyer pays 1.3157 CHF for every Euro.

If you want to find the right Forex broker, you should take a look at our Forex broker comparison .

Exención de responsabilidad importante: Tenga en cuenta que el comercio de divisas o CFD significa que su capital puede estar en riesgo. Por favor asegúrese de entender completamente los riesgos involucrados.

Risk Management 101

Why is Risk Management important?

In forex trading, there are several factors that you can’t really control. While you can be able to make predictions based on fundamental analysis or a review of past price action, the element of uncertainty is always present and you can never fully eliminate the possibility of losing a trade.

Risk management separates successful traders from those who wind up blowing their entire trading account. When you manage your risk properly, you take control of how much of your capital can be lost on a trade or set of trades. Risk management allows you to limit your risk even if the worst-case scenario takes place.

In order to make consistent returns, a trader has to make sure that he will be able to bounce back from a loss in case price action does not go in his favor. Determining how much to risk per trade depends on one’s risk profile, as aggressive traders tend to risk more while conservative ones opt for a smaller exposure.

There will always be losing days for traders, no matter how good one gets when it comes to understanding the markets. A trader who is able to manage his risk well can eventually make up for these consecutive losses with his winning trades later on. This can be done by practicing proper position sizing and taking the reward-to-risk ratio into account – concepts that will be discussed in a latter section.

With all its significance, it’s ironic that risk management is often the most overlooked aspect in trading. Traders tend to focus too much on getting the best possible entry or predicting accurately how currency pairs will behave that they neglect to take risk management into account. In some cases, traders could wind up being too confident in their trade setup that they go all in or risk too much on a single trade, only to get blown out of the water with an unforeseen market event.

Without any proper risk management, forex trading becomes no different from gambling. This usually involves zooming in to potential returns on a single trade and ending up overleveraging or risking too much, that one loses track of the longer-term horizon and the drive to seek consistent returns.

Remember that there is only so much you can do when it comes to figuring out the most probable scenario for price action, and the market takes care of the rest. To ensure that you live to trade another day, it is crucial to pay closer attention to proper risk management.

Forex Trading 101

Published on April 13, 2014 with 0 comments

The Forex market trades over the counter (OTC) and is open 24 hours per day, 5 days per week. Forex currently encompasses the largest trading market in the world. In an ever increasing global marketplace, currencies play a pivotal role in individuals and businesses seeking to transact business internationally. The Forex market trades over the counter (OTC) and is open 24 hours per day, 5 days per week.

Here are some of the key terms that you need to understand before executing your first Forex trade.

Pips (Percentage in Points)

A pip (Percentage in Points) refers to the smallest price unit of a Forex currency pair and is the minimum amount by which the value of a currency pair can change. For instance, when the EUR/USD appreciates by one pip then its value rises, for example, from 1.2700 to 1.2701.

An important recommendation that you should always measure you success or failure in pips as oppose to a monetary value. This is because a one pip gain in a $10 account is equal, in terms of your skill, to a 1 pip gain in a $1,000 account although the actual dollar amounts are considerably different.

Currency Pairs and Exchange Rates

Currencies are all traded in pairs and the value at which they can be traded for one another is known as the exchange rate. For example, if you wanted to purchase U. S. Dollars using the Euro, you may see an exchange rate quoted as EUR/USD= 1.69. This exchange rate means that you will spend 1.69 USD for every 1 Euro.

spreads

The spread represents the difference in value between the bid and the ask prices of a currency pair. The bid price is that at which Forex traders buy their base currency. The bid price appears to the left of the currency quote. For example, if the EUR/USD is 1.2680/83 then the bid price is 1.2680.

The ask price is the price at which traders buy their quote currency and appears to the right of the Forex quote. For example: If the EUR/USD is at 1.2700/03, then the ask price 1s 1.2703.

Imagine that you are quoted EUR/USD at 1.2700/03 and you decide to buy at 1.2703. The result is that after you have completed this transaction your EUR/USD will only be worth 1.2700. Consequently, if you closed your new position immediately you would incur a loss of 3 pips.

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Investing 101

A Primer on IRAs

Individual Retirement Accounts (IRAs) were originally known as Individual Retirement Arrangements. The concept was launched in 1974 with the passage of the Employee Retirement Income Security Act (ERISA). The idea was to make some sort of retirement savings vehicle available to those workers not covered by a qualified pension plan. This essay was originally published in Muhlenkamp Memorandum, Issue 107 as the third essay of the series, The “FRIDAY FOCUS” on Retirement, by Susen Friday.

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Working, Saving, and Investing

When Jeff's teens started asking questions about Ron’s investing process, he found it difficult to answer them well because every question they asked required explaining at least three additional concepts. These concepts are both fundamental and critical to the exercise, so he organized his thoughts and tried to keep it very simple and clear.

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The Frugal Consumer: Will It Last?

November 1, 2009

Any time you talk about recession, be aware there are multiple definitions — and if you are using one definition and listening or talking to someone with a different definition, you are not going to come to a common ground. Regardless of definition, it’s my observation that during a recession people tend to work a little harder, spend a little less, save a little more, and the pattern tends to heal itself.

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How Much Money Are You Willing to Lose for a Theory?

There are a lot of theories that people use when choosing investments for their portfolio. Unfortunately, they are only theories, meaning they are not always accurate or helpful. The challenge is to determine which ones are and which ones are not. The criteria are simple: Does this theory help me make better investment choices (does it make me money?), or does following this theory lead me to poor investment choices (does it cost me money?). There are currently several very popular theories that are costing people an awful lot of money. I’d like to discuss four of them.

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Consumer Spending

Consumer spending and consumer debt are often used as indicators of the health of the economy. If consumer spending is strong, the economy continues to grow. If consumer debt is under control, then the consumer spending is sustainable. In this essay, Ron takes a look at consumer spending over the last 55 years to gain perspective not only on the strength of the economy overall, but to evaluate changes in spending patterns over those 55 years.

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The Basics of Investing

December 20, 2002

This booklet is a brief overview of the fundamentals of intelligent investment management — an attempt to answer the following questions: What works? What doesn’t? and Why? The Basics of Investing is the survivor’s guide to investing. We find that if you don’t get too far from the basics, you won’t get tagged too far off base.

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Foreign Investing

December 20, 2002

Just as many investors fail to take changes in inflation into account when evaluating investment choices, many also fail to take currency exchange rates into account when investing outside the United States. In this essay, adapted from a presentation delivered in December 2002, Ron takes a sharp look at foreign investing by tracking not only foreign stock performance, but tracking currency exchange rates as well.

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How to Choose a Money Manager

One of the most common mistakes that investors make is that they move their money from one manager to another frequently, and often at the wrong times. There is a tendency to choose a money manager based on good performance in the last year or two. But then when the manager has a bad year, the investor takes his or her business elsewhere. The problem with this approach is that, in essence, the investor has bought high and sold low. The solution is to do a better job choosing your money manager in the first place so you are confident staying with him or her in the down years. Ron shows us how.

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Ron’s Reading List

Ron's reading list for life and investment fundamentals includes recommended books on the topics: the way things work; why you’ll never understand the other sex; values; the evolution of moral standards; why global warming is unlikely; the difference between modern liberals and conservatives; how the best and the brightest can be totally wrong. Recommended authors include: McCaulay, Wanniski, Tannen, Pirsig, Browning, Sowell, and Halberstam.

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Muhlenkamp Musings on Economics

Themes include free will and the government, the effects of inflation and recession on spending patterns, the effects of investment on the economy, and the effect of income taxes on work incentive. There is no free lunch. Prices are set by the buyer. We are all volunteers.

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Competition for the Consumer

October 20, 1997

We often hear the argument that a company or a country must do certain things “to compete” or “to be competitive.” This goal “to be competitive” is stated as the rationale for much of the cost cutting and downsizing in industry, as well as the privatizing of various tasks previously done by government, both in the United States and in other countries.

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Review of “What Works on Wall Street”

A friend asked me to review the book What Works on Wall Street . by James P. O’Shaughnessy. The book was published in 1997 by McGraw-Hill and is subtitled A Guide to the Best-Performing Investment Strategies of All Time . These are my comments: It is a useful book—chock full of data; the book is limited in scope, focusing on the “Wall Street” in the title instead of the “Investment Strategies” in the subtitle; the book is all hindsight. It should be titled, “What Would Have Worked on Wall Street.”

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Problems With Investing for Income

October 20, 1996

In “Estate Planning for Generations ,” we began a discussion on the effective integration of good investing and good estate planning. In this essay, Ron shows how investing for “income” is flawed. What investors should do is invest to grow their assets. Though it may seem like semantics to some, it is a fundamentally different approach to investing and will lead to better investments and lower taxes.

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Fund Your IRA or How to Retire Wealthy by Driving Used Cars

Recently, I commented to a friend that most investors buy stocks the way teenagers buy clothes. He responded, “How should they buy stocks?” Being a slow thinker, I didn’t have a ready answer then, but I do now. Buy stocks the way you would buy used cars. The truly amazing fact is, if you also buy used cars, you can get rich on these two actions alone. It is not hard to save $2,000 per year by driving a used car.

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The Game of the Stock Market vs. The Business of Investing

January 20, 1995

I entered this business in 1968. At that time, I had never owned a stock or bond, and I had never taken any courses in Wall Street finance. (I had taken courses in corporate finance.) So I began my studies with a clean slate. I soon learned that there are an unlimited number of people with ideas about how to invest your money, and all the ideas sound good at the time. Some of these people are paid to sell newspapers and magazines; some are paid to entertain on radio or television; some are paid commissions to sell financial products; and some are actually paid to manage other people’s money. Only this last group publishes the results of their advice.

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Diversification: Too Much of a Good Thing

October 20, 1994

We often hear the phrase “Don’t put all your eggs in one basket.” We think that’s good advice. We always use at least 20 baskets, never putting more than 5% of our assets into any one of them. But it’s still important to check the quality of the baskets. Not all baskets are well constructed. Easter baskets are designed to be pretty. They are okay for carrying a few eggs which are already hard-boiled, but they are not suited to carrying a full load of fresh eggs on a daily basis. Not all baskets are appropriate in all climates or for all purposes.

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Are Stocks Too High?

This essay, written in January 1994, looks at the assumptions behind stock valuation models and why they often mis-price the stock market. Using the same data, but modifying the model, Ron creates a new valuation model that better anticipates stock prices. Same data—different perspective.

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What Is Risk: Part II

"What is Risk: Part I " was written in October 1989 and discuss two categories of risk: the risk of volatility and the risk of losing money. In October 1993, one of Ron’s largest clients (a pension fund) was being told by a stock brokerage firm to increase its investment allocation to bonds, since bonds were “guaranteed” and the returns for the prior 10 years had been nearly as good as the average for stocks. Ron didn’t think the prior 10 years was the appropriate time to consider. In this essay he looks back to 1952 to examine the long-term performance of stocks and bonds. In doing so, he illustrates why the brokerage firm’s advice to invest in more bonds was misguided.

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Beware of Good Yields

This essay, written in April 1993, was published as investors had just come through a period when many of the risks of fixed-income securities had become apparent, but this did not stop them from continuing to look for high yields in fixed-income securities. This essay explains the yields and risks of fixed-income securities so that investors can know what to expect and what to watch out for. Remember, if it seems too good to be true, it probably is. Look for the hidden risks.

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Mom: The Squeeze On Your Income Will Continue

January 20, 1992

Mom: since November 1990, you’ve seen the interest rate paid on one-year bank CDs fall. Many of your friends are waiting (hoping) for these rates to go back up, but it isn’t going to happen. To understand why, you really need to look no further than the actions of your children. Today your children are paying down their debts and refinancing their mortgages, often for a shorter term.

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What is Risk

This essay discusses risk in two categories: the risk of volatility and the risk of losing money. It also discusses long-term investing and diversification as preventive measures to these risks. The 2005 update suggests a third, and often overlooked, risk: paying too much for a stock in the first place. The preventive measure is knowing how to value stocks.

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Defusing the Inflation Time Bomb

The intent of “The Inflation Time Bomb ” was to point out that long-term investment planning that focuses only on dollars and income, while ignoring purchasing power and assets, can be a trap. Dollars must be adjusted for inflation to get purchasing power, and incomes must be adjusted for the loss of purchasing power. Without these adjustments, assets will be depleted and so will income. The problems that arise from neglecting to make these adjustments have come to the fore over the last 30 years as inflation created large differences between nominal and real interest rates.

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The Inflation Time Bomb

The very rules that we were taught to conserve principal have become a trap. People are desperately trying to maintain their “incomes” by buying investments with high yields, believing that if they “spend only the income—don’t touch the principal,” the value of their assets and their incomes will remain intact. But it’s a trap!

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Wake Up America – Houses Don’t Make You Money!

In the 1970s (when inflation rates were higher than mortgage rates), one of the best investment strategies was to borrow money. The easy way for people to borrow money was on real estate. It worked in housing, in farmland, and in commercial real estate (which was also an effective tax shelter). People continued to believe in the strategy through the 1980s, even though the economic climate had reversed in roughly 1981. Ron wrote “Wake Up, America—Houses Don’t Make You Money!,” in July 1987, to point out that change.

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Why The Market Went Down

This essay was written in 1979 for Ron’s peers in the investment industry. Price-to-earnings (P/E) ratios on stocks had declined from 17 to 7 in just seven years, and no one seemed to understand why. A short glossary has been added at the end of the essay for easy reference.

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How to fix corrupted history data in MT4 / How to fix gaps in MT4 data A question about how to fix a corrupted history data file was posted in a facebook group I’m in and I’d like to share the solution to fellow MT4 users who may have encountered the same issue. This person had a sudden error on this computer and it went into memory dump mode (blue screen) He was forced to restart his computer and as a result of the sudden forced closing of his MT4, his history data files became corrupted. His indicator ended up looking like that: —————————————— When it should originally look something […]

Mechanics behind not trading against a trend We’ve all heard of the warning not to trade against the trend. This guide explains in layman terms why. Explanation The short and sweet answer is that in an uptrend, there will be buyers below. In a downtrend, there are sellers above. So you could try to trade against a strong trend, but chances are it wouldn’t go very far, unless there has been a bull trap (picture explanation below). To put it more accurately, you can trade against a trend, but don’t expect a major move unless there is a bull/bear trap. Layman explanation Let’s break it down with a layman explanation. Let’s say you are […]

How to trade Forex economic news? Refer to our Forex news calendar In general, if the actual data is better than the expected data, the related currency pair will strengthen, vice versa Only trade news of high importance (3 bulls) Draw support & resistance lines on H1 charts (using open & close prices, not high & low) before the news. If price manages to breakout and close above the resistance line in the 5 minute chart AND The price movement and data agree (i. e. currency strengthen and data is bullish) AND Is not against the H1 technical trend (either with-trend or ranging is acceptable) AND There is sufficient space to the next […]

Lot sizing and money management for beginners We’ve all heard that we should risk a maximum of 2 to 5% of our capital per trade. While that is true if you’re a seasoned professional trader, recounting my own experience, the beginner should risk much less when starting out. From my own experience, risking even 1 to 2% was too much for me when I first began trading live. My thoughts were still on whether I was going to win the trade, or how undesirable it would be if I lost the trade (losing 1% of my capital in the process). It took my awhile to realise, that as long as I’m having […]

Which deposit currency should I choose? When I first started Forex trading, I often chose USD or AUD as my account’s base currency although a broker might have SGD denominated accounts because I thought it was cool to earn money in another foreign currency that is bigger than SGD. It would give me the illusion that I am actually earning more because 1 USD is equal to 1.3 SGD, so for every 1 USD I’m earning, I’m actually earning 1.3 SGD. How naive I was… I couldn’t have been further from the truth. The truth is every time you convert your deposits to a foreign currency, you actually pay ‘hidden […]

Posted by Linton | Saturday, 20 December, 2014 | 1 Comment

Just yesterday, I was having a discussion with a trader who uses Abundance Trading Group’s discounts. He mentioned to me that he was slipped >20 pips on his stop loss order on a news event. He trades mostly on the daily time frame. I advised him on a various ways he could minimize slippage and this inspired me to write this post to share the knowledge with the world. ——————————————————————————————————————————————————————— How to avoid or minimize slippage in Forex trading? Keep a lookout for high impact news Why is there slippage in the first place? Check the fundamental background of the currency pair you trade Trade with a broker that has a […]

What is Last Look in Forex? Last look in Forex is simply the ability for the liquidity provider filling your trade to reject your order, although you might already have hit his price. For example, liquidity provider A (LP A) places a BUY limit order at 1.3500 for EURUSD for 10 lots. You decide to Market SELL 10 lots of EURUSD on your trading platform. Assuming that the market price is 1.35000, liquidity provider A’s BUY limit order at 1.3500 will be filled. However, having ‘last look’ means he can reject your trade within a 200 milliseconds. The sequence of images below explains what is last look in a graphical […]

What is A Book vs B book in Forex trading? Forex is different from equities or futures trading because your broker can choose to trade against you. This is known as B booking. When your broker sends all your trades to the real market or their liquidity providers, this is known as A Booking. In futures or equities trading, all your trades are sent to the exchange and matched with other buyers or sellers. In Forex, your broker can keep your trades ‘in house’. This means that your trades are not sent to the real market. Instead, your broker bets against you, taking the other side of the trade. For example, […]

What is the difference between Market makers vs ECN vs STP brokers When I first jumped in the world of Forex in 2010, the same questions faced me. What is a Market maker? What is an ECN? What! Why is my broker trading against me? Isn’t Forex execution the same as the stock market? Ho ho, you’re in for a big surprise. Because Forex has no central exchange, unlike the stock market, it is not regulated. This means things that are illegal in stock trading through the exchanges are actually legal in Forex, such as front running, or last-look. Attempts by regulators to regulate Forex trading in their jurisdiction will […]

Metatrader 4 build 600 changes As most of you know, metaquotes has update Metarader 4 to build 600. Build 600 brings about massive changes from the previous stable version of build 509. For example, trade execution time has been reduced because MT4 terminal does not have to establish a second connection with the broker’s MT4 server in order to send trade orders. Read about all the changes and new features of build 600 here. With such improvements there has to be changes within the internal directories of MT4. Your indicators will no longer install the way you used to This guide will show you exactly how to install them in […]

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forex

WHAT IS FOREX The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you see how giant the Foreign Exchange really is. In fact it is three times larger than all of the US Equity and Treasury markets combined!

What is traded on the Foreign Exchange? The answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). They are called ‘the Majors'. The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). The notable ‘commodity’ currency pairs that trade are the Canadian Dollar (USD/CAD) and the Australian Dollar AUD/USD. Because there is not a central exchange for the Forex market, these pairs and their crosses are traded over the telephone and online through a global network of banks, multinational corporations, importers and exporters, brokers and currency traders.

Traditionally, currency trading has been a 'professionals only' market available exclusively to banks and large institutions, however, because of the rise of the new E-economy, online Forex trading firms are now able to offer trading accounts to 'retail' traders like you and I. Now almost anyone with a computer and an Internet connection can trade currencies just like the world's largest banks do. There are now over 6 million trading accounts worldwide up from 1.7 million in 1997.

BENEFITS OF FOREX TRADING

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a business opportunity:

1.LEVERAGE . In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.

2.LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never 'stuck' in a trade. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order).

3.PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock markets, you can only make money if shares are rising, but in economic recession and falling 'bear' markets, there is little chance of making big money. Forex is different. One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is 'up' or 'down'. A trader can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). For example, if you think the US dollar will increase in value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If you think the Yen will increase in value against the Dollar then you will sell Dollars and buy yen (go short). As long as the trader picks the right direction, a potential for profit always exists.

4. 24HRS . From Sunday evening to Friday Afternoon EST the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night.

5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.

6.'MINI' TRADING: One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' trading accounts with a minimum account deposit of only $200-$500 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.

* If you are totally new to Foreign Exchange Trading, I encourage you to start with the page titled, "NEW TO FOREX".

*Gain some basic knowledge of CANDLE STICK PATTERNS, PERFECT ENTRIES & EXITS and more on the "STANDARD GOOD TO KNOW" page.

*If you have some experience trading and have had little luck, You can start with the page titled, "Advanced Knowledge".

*The page, "READY to TRADE", will explain what you need to do to start trading LIVE as well as DEMO.

*The page, "Forex Broker" will explain the details on finding the appropriate Broker for you!

*LIVE - Trading with your REAL money. *DEMO - Trading with FAKE money.

*There's also a "GLOSSARY" where you can reference certain terminology you may not understand.

This outline has been strategically laid out to ensure you have every advantage in the Forex market. It is now up to you to use the tools in front of you and start making at least 4-5figures a week!

Welcome to FL101's Forex Training

Most foreign currency exchange software fails to earn income

What traits does a currency exchange software have to have to be worthwhile. Nevertheless it is way more than simply abilities that decide whether a trader can actually make cash. Would you like to learn the way to get the maximum correct currency trading systems? There are plenty of people that are interested to earn money with forex trading. but they don’t have any idea as to how to start and simply follow blindly whatever others online tell them. Other crucial marks that traders have to have are discipline, confidence and knowledge of their own trading techniques. Why Do Most Foreign exchange Traders Fail to earn income although They Have Completely Rewarding currency trading software. A rewarding trading method that will work for a pro trader may not really work for another greenhorn trader. It is going to be a great idea to keep clear of forex bots that only follow one set of rules, which makes it rigid in moving as the market does.

The best currency exchange software might be able to trade 4 major currency pairs

The forex market is among the most variable markets worldwide and it might do well for a trader to recollect that when selecting a currency trading robot. These updates will permit you to make the most even handed trades which will bring profit knocking at your door rather than dashing to leave it. The best foreign exchange trading robot might be able to trade 4 major currency pairs. especially the major ones that influence market movements. Finally so as to find the best foreign exchange trading system that’s suited to your requirements, you need to ensure you find a legitimate and trusted source that may lead you thru any issues and problems you’ll meeting with the currency exchange software on the way.

They offer some of the finest after sales support for currency exchange software

One company that springs to mind instantly is Halcyon Foreign exchange. they’ve got a good range of worthwhile expert consultants available, and to my understanding they offer some of the finest after sales support in the sector. Hal Chapman, owner of Halcyon Currency exchange software is completely devoted to helping his buyers succeed with his Currency exchange EA ’s that he frequently answers any questions and issues his shoppers could have through e-mail or telephone support. The best Corporations will all offer you regular continuing after sales support and also provide continual updates for your trading systems so as to ensure you are successful in trading with their systems. Do not fall for the common misunderstanding that the only real way to profit is thru repeated trading. Although being obstinate doesn’t hurt, turning into a successful Currency exchange trader needs a definite talent. Application creators and Foreign exchange Pro consultants would have you accept as true that there’s many unseen energy ruling the market than one can properly tap into. To become a victorious Foreign exchange trader you’re going to need to employ endurance and inspect for trades with high percentages, with this routine you can get going making profits without a large amount of effort. Costs are set by humans.

Posts related to The 101 Guide To The Foreign Exchange | currency exchange software

Quantitative Easing 101

Quantitative Easing (QE) are the latest buzz words in the financial markets. It is important to become intimately comfortable with these words because they will be the catch phrase of 2009 thanks to the latest interest rate cuts by the Federal Reserve and the Bank of Japan.

What is Quantitative Easing?

Quantitative Easing is a monetary policy tool that central banks use when they run out of room to cut interest rates. The word "Quantitative" refers to the money supply and easing money supply means to increase it. For many people, this term is new and with good reason because it was only coined by the Bank of Japan in 2001 after they took interest rates to zero. When that happened, they obviously had no more room to cut rates, which made Quantitative Easing their Plan B.

Quantitative Easing basically involves printing money to buy a variety of securities with the end goal of flooding the financial markets with cash or liquidity. By doing so, it increases the amount of currency in circulation which reduces the value of the currency and boosts inflation. A good way to look at this is if there were only 100 signed Babe Ruth baseball cards worth $1000 each in the world and all of a sudden another 1000 signed baseball cards were discovered, then you would expect each baseball card to now be worth a lot less. Having more baseball cards in the market at lower prices hopefully spurs more activity in the baseball card market. In many ways, the goal of Quantitative Easing is the same. By the flooding the market with liquidity, the central bank aims to promote lending and prevent a shortage in the future. Of course Quantitative Easing is much more involved than baseball card trading.

What Outcome Can Be Expected from Quantitative Easing?

Granted that Quantitative Easing has only ever been implemented once in Japan, there is not much precedent. However with that in mind, we are sure that the Fed analyzed the outcome of Japan's zero interest rate policy before bringing US interest rates within a whisker of Japan's 2000 levels.

The Bank of Japan embarked upon this new concept in monetary economics in its effort to fight a frustrating period of economic stagnation and decline in 2001 which lasted until 2006. With rates at 0% the central bank was forced to implement some new level of policy to fight the wave of deflation that had plagued the country. Deflation, another renewed catch-word in today's economic climate, is an overall decline in prices over an extended period of time. We are all familiar with how disastrous an inflationary state can be on an economy, unfortunately deflation is no different. The cause of the phenomenon is when consumers become so resistant to spending that sellers are forced to continuously cut prices. In Japan, the BoJ accomplished their easing targets by expanding the limits as to the types of securities that they would purchase; for instance buying long-term treasuries, asset-backed securities, equities, and new levels of commercial paper. This is all in an effort to flood the financial system with so much excess reserves and liquidity that they would be forced to resume normal lending situations.

In the first year of Quantitative Easing, USD/JPY rose 18.5 percent. This means that the Japanese Yen weakened against the US dollar, which is a textbook reaction to Quantitative Easing. The Nikkei also dropped 28 percent. Between 2002 and the end of 2004, USD/JPY fell 22 percent as the Japanese economy began to stabilize. During that same time the Nikkei recovered 20 percent, but not before it fell another 20 percent. Although it has been heavily debated whether Quantitative Easing drove the turnaround in the economy, most people agree that it put a halt to deflation.

Fed's Version of Quantitative Easing

With US interest rates pretty much at zero, the Federal Reserve has informally adopted its own version of Quantitative Easing. Some people may even argue that the Fed has been pursuing this strategy for months now. In conjunction with the Treasury department, the Fed has doubled their balance sheet in the past 3 months to more than $2 trillion. They have done this by purchasing direct equity investments in banks, easing standards on commercial paper purchases, made efforts to relieve institutions of their toxic asset-backed securities and is now considering buying Treasury bonds and agency debt. By buying these assets, they are adding money into the financial system. Like the Yen, Quantitative Easing exposes the US dollar to significant downside risks, but it is also the step that the central bank needs to take to stabilize the US economy and to prevent a deflationary spiral.

EXENCIÓN DE RESPONSABILIDAD. GFT refers to Global Futures & Forex, Ltd. and all of its divisions, branches and subsidiaries, including Global Forex Trading and GFT Global Markets UK Limited. GFT Global Markets UK Limited is authorized and regulated by the United Kingdom Financial Services Authority. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful. Trading of foreign exchange contracts, contracts for differences, derivatives and other investment products which are leveraged, can carry a high level of risk, and may not be suitable for all investors. It is possible to lose more than the initial investment. In Australia, GFT means Global Futures & Forex, Ltd. ARBN 103 508 461, AFS Licence 226625. A Product Disclosure Statement (PDS) is available at www. gft. com. au. You should read and consider the PDS before making any decision to deal in GFT products. &dupdo; 2008 Global Futures & Forex, Ltd. All rights reserved.

Sorry, the page you requested was not found!

Descargo de Riesgo: Forex trading tiene grandes recompensas potenciales, pero también un gran riesgo potencial. Usted debe ser consciente de los riesgos y estar dispuesto a aceptarlos con el fin de invertir en los mercados de divisas. No negocie con dinero que no puede permitirse perder. Esto no es ni una solicitud ni una oferta para comprar / vender instrumentos de divisas. No se está haciendo ninguna representación de que cualquier cuenta tenga o sea probable obtener ganancias o pérdidas similares a las discutidas en este sitio web. El desempeño pasado de cualquier sistema o metodología comercial no es necesariamente indicativo de resultados futuros.

Toda la información en este sitio web es sólo para fines educativos y no pretende proporcionar asesoramiento financiero. Cualquier declaración sobre beneficios o ingresos, expresada o implícita, no representa una garantía. Su comercio real puede dar lugar a pérdidas, ya que no se garantiza el sistema de comercio. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold eNetGroup Inc. and any affiliated traders, writers, analysts, and developers harmless in any and all ways. Todos los derechos reservados. The use of this website and or its contents constitutes acceptance of our disclaimer.

&dupdo; 2006-2016 eNetGroup Inc. | Problem with the site? Haga clic aquí para ponerse en contacto con nosotros.

404 significa que el archivo no se encuentra. Si ya ha subido el archivo, el nombre puede estar mal escrito o está en una carpeta diferente.

Otras posibles causas

Puede obtener un error 404 para las imágenes porque tiene Hot Link Protection activado y el dominio no está en la lista de dominios autorizados.

Si va a su url temporal (http: // ip /

Username /) y obtener este error, tal vez un problema con el conjunto de reglas almacenadas en un archivo. htaccess. Puede intentar cambiar el nombre de ese archivo a. htaccess-backup y actualizar el sitio para ver si se resuelve el problema.

También es posible que haya borrado su raíz de documento de forma inadvertida o que su cuenta tenga que ser recreada. De cualquier manera, póngase en contacto con su anfitrión de la tela inmediatamente.

Estás usando WordPress? Consulte la sección sobre errores 404 después de hacer clic en un enlace de WordPress.

Archivos perdidos o rotos

Cuando obtenga un error 404 asegúrese de comprobar la URL que está intentando utilizar en su navegador. Esto le dice al servidor qué recurso debe intentar solicitar.

En este ejemplo, el archivo debe estar en public_html / example / Example /

Observe que el CaSe es importante en este ejemplo. En plataformas que hacen cumplir la sensibilidad de mayúsculas y minúsculas y E xample no son las mismas ubicaciones.

Para los dominios addon, el archivo debe estar en public_html / addondomain. com / example / Example / y los nombres distinguen entre mayúsculas y minúsculas.

Imagen rota

Cuando usted tiene una imagen que falta en su sitio usted puede ver una caja en su página con con una X roja donde la imagen falta. Haga clic derecho en la X y elija Propiedades. Las propiedades le dirán la ruta y el nombre de archivo que no se pueden encontrar.

Esto varía según el navegador, si no ves una casilla en tu página con una X roja, haz clic derecho en la página, luego selecciona Ver información de la página y ve a la pestaña Medios.

En este ejemplo, el archivo de imagen debe estar en public_html / cgi-sys / images /

Observe que el CaSe es importante en este ejemplo. En plataformas que imponen la sensibilidad de mayúsculas y minúsculas PNG y png no son las mismas ubicaciones.

When working with WordPress, 404 Page Not Found errors can often occur when a new theme has been activated or when the rewrite rules in the. htaccess file have been altered.

Cuando se encuentra con un error 404 en WordPress, tiene dos opciones para corregirlo.

Opción 1: Corregir los Permalinks

Inicie sesión en WordPress.

En el menú de navegación de la izquierda de WordPress, haga clic en Configuración & gt; Permalinks (Observe la configuración actual.) Si está utilizando una estructura personalizada, copie o guarde la estructura personalizada en alguna parte.

Seleccione Predeterminado.

Haga clic en Guardar configuración.

Cambie la configuración de nuevo a la configuración anterior (antes de seleccionar Default). Vuelva a poner la estructura personalizada si tenía uno.

Haga clic en Guardar configuración.

Esto restablecerá los permalinks y solucionará el problema en muchos casos. Si esto no funciona, puede que tenga que editar su archivo. htaccess directamente.

Opción 2: Modificar el archivo. htaccess

Agregue el siguiente fragmento de código a la parte superior de su archivo. htaccess:

# BEGIN WordPress & lt; IfModule mod_rewrite. c & gt; RewriteEngine En RewriteBase / RewriteRule ^ index. php $ - [L] RewriteCond%! - f RewriteCond%! - d RewriteRule. /index. php [L] & lt; / IfModule & gt; # End WordPress

Si su blog está mostrando el nombre de dominio incorrecto en los enlaces, redirigir a otro sitio, o falta imágenes y estilo, todos están relacionados con el mismo problema: tiene el nombre de dominio incorrecto configurado en su blog de WordPress.

El archivo. htaccess contiene directivas (instrucciones) que le indican al servidor cómo comportarse en determinados escenarios y afectan directamente al funcionamiento de su sitio web.

Los redireccionamientos y la reescritura de URL son dos directivas muy comunes encontradas en un archivo. htaccess, y muchas secuencias de comandos como WordPress, Drupal, Joomla y Magento agregan directivas al. htaccess para que puedan funcionar.

Es posible que necesite editar el archivo. htaccess en algún momento, por varias razones. Esta sección explica cómo editar el archivo en cPanel, pero no lo que necesite ser cambiado (puede que tenga que consultar otros artículos y Recursos para esa información.)

Hay muchas maneras de editar un archivo. htaccess

Editar el archivo en su computadora y subirlo al servidor a través de FTP

Use an FTP program's Edit Mode

Use SSH and a text editor

Utilice el Administrador de archivos en cPanel

La forma más fácil de editar un archivo. htaccess para la mayoría de la gente es a través del Administrador de archivos en cPanel.

Cómo editar archivos. htaccess en el Administrador de Archivos de cPanel

Before you do anything, it is suggested that you backup your website so that you can revert back to a previous version if something goes wrong.

Abra el Administrador de archivos

Inicie sesión en cPanel.

En la sección Archivos, haga clic en el icono Administrador de archivos.

Marque la casilla de raíz del documento y seleccione el nombre de dominio al que desee acceder desde el menú desplegable.

Asegúrese de que Mostrar archivos ocultos (dotfiles) "esté marcado.

Haga clic en Ir. El Administrador de archivos se abrirá en una nueva pestaña o ventana.

Busque el archivo. htaccess en la lista de archivos. Puede que tenga que desplazarse para encontrarlo.

Para editar el archivo. htaccess

Haga clic con el botón derecho en el archivo. htaccess y haga clic en Edición de código en el menú. Alternativamente, puede hacer clic en el icono del archivo. htaccess y luego hacer clic en el icono del Editor de códigos en la parte superior de la página.

Puede que aparezca un cuadro de diálogo preguntándole acerca de la codificación. Simplemente haga clic en Editar para continuar. El editor se abrirá en una nueva ventana.

Edite el archivo según sea necesario.

Haga clic en Guardar cambios en la esquina superior derecha cuando haya terminado. The changes will be saved.

Pruebe su sitio web para asegurarse de que los cambios se hayan guardado correctamente. Si no, corrija el error o vuelva a la versión anterior hasta que su sitio vuelva a funcionar.

Una vez completado, puede hacer clic en Cerrar para cerrar la ventana Administrador de archivos.

The foreign exchange market accounts for more than $4 trillion in average traded value every day, making it the world's largest financial market. Since there is no central marketplace for the forex market, traders must select a forex broker to help them conduct their trading activity. There are a large and growing number of forex brokers . and choosing the right one requires cautiously sifting through an overwhelming number of magazine and internet advertisements. In this article, we'll look at five considerations when choosing a forex broker in today's competitive forex marketplace.

Read more: 5 Tips For Selecting A Forex Broker http://www. investopedia. com/articles/forex/11/how-to-choose-a-forex-broker. asp#ixzz3kw138cUM Follow us: Investopedia on Facebook

1. Regulatory Compliance In the U. S. a reputable forex broker will be a member of the National Futures Association (NFA) and will be registered with the U. S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer. The NFA is an industry-wide, self-regulatory organization for the futures industry in the United States. It develops rules, programs and services to protect the integrity of the market, traders and investors, and to help members meet regulatory responsibilities. The CFTC is an independent government agency that regulates the commodity futures and options markets in the United States. The CFTC's mission is to "protect market users and the public from fraud, manipulation and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive and financially-sound futures and option markets."

A flashy or professional looking website does not guarantee that the broker is an NFA member or under CFTC regulation. A broker that is a member of the National Futures Association and subject to CFTC regulations will state this and its NFA member number on its website, typically in the "about us" section and on each web page. Each country outside of the United States has its own regulatory body. Due to potential concerns regarding the safety of deposits and the integrity of the broker, accounts should only be opened with firms that are duly regulated.

2. Account Details Each forex broker has different account offerings, including:

Leverage and Margin: Forex participants have access to a variety of leverage amounts depending on the broker, such as 50:1 or 200:1. Leverage is a loan extended to margin account holders by their brokers. For example, using 50:1 leverage, a trader with an account size of $1,000 can hold a position that is valued at $50,000. Leverage works in a trader's favor with winning positions since the potential for profits is greatly enhanced. Leverage can, however, quickly destroy a trader's account since the potential for losses is magnified as well. Leverage should be used with caution. (To learn more, see Forex Leverage: A Double-Edged Sword and Adding Leverage To Your Forex Trading .)

Commissions and Spreads: A broker makes money through commissions and spreads. A broker that uses commissions may charge a specified percentage of the spread, the difference between the bid and ask price of the forex pair. However, many brokers advertise that they charge no commissions, and instead make their money with wider spreads. For example, the spread could be a fixed spread of three pips (a pip is the minimum unit of price change in forex), or the spread could be variable depending on market volatility. A EUR/USD quote of 1.3943 - 1.3946 has a three-pip spread. That means that as soon as a market participant buys at 1.3946, the position has already lost three pips of value since it could only be sold immediately for 1.3943. Cuanto más amplia es la propagación, entonces, más difícil puede ser obtener ganancias. Popular trading pairs, such as the EUR/USD and GBP/USD will typically have tighter spreads than the more thinly-traded pairs.

Initial Deposit: Most forex accounts can be funded with a very small initial deposit, even as low as $50. With leverage, of course, the buying power is much greater than the minimum deposit, which is one reason forex trading is attractive to new traders and investors. Many brokers offer standard, mini and micro accounts with varying initial deposit requirements.

Ease of Deposits and Withdrawals: Each forex broker has specific account withdrawal and funding policies. Brokers may allow account holders to fund accounts online with a credit card, via ACH payment or via PayPal, or with a wire transfer, bank check or business or personal check. Los retiros se pueden hacer típicamente por cheque o por transferencia bancaria. El corredor puede cobrar una tarifa por cualquiera de los dos servicios.

3. Currency Pairs Offered While there are a great deal of currencies available for trading, only a few get the majority of the attention, and therefore, trade with the greatest liquidity. The " majors " are the U. S. dollar/Japanese yen (USD/JPY), the Euro/U. S. dollar (EUR/USD), the U. S. dollar/Swiss franc (USD/CHF) and the British pound/U. S. dollar (GBP/USD). A broker may offer a huge selection of forex pairs, but what is most important is that they offer the pair(s) in which the trader or investor is interested. (For more information on the major pairs, see our tutorial on Forex Currencies .)

4. Customer Service Forex trading occurs 24 hours a day, so a broker's customer support should be available at any time. Another consideration is the ease with which one can speak with a live person, rather than a time consuming, and often frustrating, auto attendant. When considering a broker, a quick call can give you an idea of the type of customer service they provide, wait times and the representative's ability to concisely answer questions regarding spreads, leverage, regulations and company details. These details include how long they have been a forex broker and the size of their trade volume (larger brokers generally have access to better prices and execution).

5. Trading Platform The trading platform is the investor's portal to the markets. As such, traders should make sure the platform and any software is easy to use, visually pleasing, has a variety of technical and/or fundamental analysis tools, and that trades can be entered and exited with ease. This last point is especially important: A well-designed trading platform will have clear ‘buy' and ‘sell' buttons, and some even have a "panic" button that closes all open positions. A poorly designed interface, on the other hand, could lead to costly order entry mistakes, such as accidentally adding to a position rather than closing it, or going short when you meant to go long. (For more, see What Should I look For When Choosing a Forex Trading Platform? )

Other considerations include customization options, order entry types, automated trading options, strategy builders, backtesting and trading alerts. Most brokers offer free demo accounts so that traders can try out the trading platform prior to opening and funding an account.

The Bottom Line If you have confidence in your forex broker, you will be able to devote more time and attention to analysis and developing forex strategies. A bit of research before committing to a broker goes a long way, and can increase an investor's odds of success in the competitive forex market.

Read more: 5 Tips For Selecting A Forex Broker http://www. investopedia. com/articles/forex/11/how-to-choose-a-forex-broker. asp#ixzz3kw1XOzud Follow us: Investopedia on Facebook

Simply click this link to check out a few Brokers here in America. http://www. fxstreet. com/brokers/forex-brokers/ If you're in another country, search Forex Brokers in your particular country. For instance, if I lived in Germany, I'd google search "Forex Brokers in Germany"

Please, do not share this content outside of our group. Should anyone decide they want to pursue Foreign Exchange Trading, please guide them towards our home page http://www. forexlife101.com You paid for this knowledge and by sharing it to others for free, you open the door to the many possibilities for which you may not be prepared. Thanks ​ADMIN

Forex Trading 101

It takes a lot to become a successful Forex Trader and we’ll give our best to help you become one. ForexTradors. com offers plenty of articles and guidelines that will improve your trading performance. You will find software reviews, signals, indicators and much more. Just select an article on the right side.

Trading and Brokers

If you want to become a successful trader you have to choose the right broker. Even though there are lots of brokers, they are all somewhat unique and differentiate themselves. Brokers offer different spreads and platforms like Metatrader. The spread is very important when it comes to choosing a broker because it influences your profits directly. When you choose a broker with a very low spread your trading performance will be significantly better compared to trading at a broker with a higher spread (ceteris paribus). And when it comes to selecting a forex platform you can go with proprietary platforms like eToro or Plus500 or you choose Metatrader as platform. This is the most popular platform out there and is used by many different brokers. The best about Metatrader is that once you’ve become familiar to this platform you can easily switch brokers without getting used to each platform as they all operate with Metatrader.

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This week, the AUD/USD pair has been trading within a sideways range of about 100 points (0.7648-0.7550). At present, the Australian currency gains support from a slow growth in commodity prices (CRB index has been has been growing for two months already). Moreover, RBA’s Governor Glenn Stevens in his speech delivered to the Australian Securities and Investments Commission said he has a favorable outlook for Australia’s economy. Economic and financial conditions in the country are improving and the Regulator is experienced enough in dealing with difficulties. Nevertheless, these factors have not given enough support for the pair to strengthen to 0.7700.

Support and resistance

The pair is likely to remain within the range in the short term. Though technical indicators suggest a fall (MACD histogram is in the positive zone, its volumes are falling; Stochastic lines are directed downward), the pair can start moving down only if it manages to consolidate below the 38.2% Fibonacci fan line and the level of 0.7535. The level of 0.7665 is seen as the key one for the Bulls.

Support levels: 0.7550, 0.7535, 0.7456 and 0.7391.

Resistance levels: 0.7648, 0.7665, 0.7700 and 0.7770.

At present, positions should be placed within the sideways range. Pending sell orders can be placed at the level of 0.7535 with targets at 0.7456, 0.7391 and stop-loss at 0.7580.

Long positions can be opened from the level of 0.7600 (middle MA of Bollinger Bands) with the target at 0.7650. Pending buy orders can be placed above the level of 0.7665 with targets at 0.7700, 0.7770 and stop-loss at 0.7620.

from Everyone’s Blog Posts – My Forex Space – Online Forex Trading Community http://ift. tt/1UMGweW via IFTTT

Since the beginning of the week, the NZD/USD pair has been trading within a narrow range. Market participants are waiting for new drivers which will determine further dynamics in the pair. However, as no macroeconomic releases are due in New Zealand and not so much important data is expected to be released in the US, the pair is likely to keep trading flat.

Support and resistance

Technical indicators suggest the pair tends to trade within the sideways range. Bollinger Bands are narrowing down while the price remains near the middle MA. Later, a slight decline is possible after which a correction can be expected.

Support levels: 0.6730, 0.6630, 0.6610.

Resistance levels: 0.6795, 0.6860.

Short positions can be opened at the current level with the target at 0.6730 and stop-loss at 0.6795.

Long positions can be opened above the level of 0.6795 with the target at 0.6860.

from Everyone’s Blog Posts – My Forex Space – Online Forex Trading Community http://ift. tt/1pwNFEi via IFTTT

In August 2015 China devalued its currency, the yuan. This has since sparked a so-called ‘global currency war’. A currency war, also known as competitive devaluation, refers to countries devaluing their domestic currencies to gain a competitive trade advantage over countries with stronger currencies. Since China is such a large global trade partner many countries have attempted to follow suit and devalue their own currencies to stay competitive. An example of this would be New Zealand. The Reserve Bank of New Zealand has cut its benchmark interest rate five times since last June in an attempt to weaken its currency and spur economic growth. Even though no central banker would admit that they are partaking in a currency way, the Governor of the RBNZ Graeme Wheeler stated that, “pretty well most central banks would like to see their exchange rates lower.” New Zealand is not the only one attempting to weaken their currency. Europe is another part of the world that is playing the same game. Last week the European Central Bank cut its benchmark interest rate to zero. in an attempt to increase economic growth in the Eurozone and to weaken the Euro to help boost exports.

The global currency war has led to an increase in volatility in the currency markets, especially on days of interest rate decisions by the major world economies. While this makes currency markets somewhat more risky to trade, it also enables you to profit of various trading strategies tailored to the current market environment.

Betting On ‘No Fail’ Mini Trends

A great strategy for trading forex in the current market environment is to bet on ‘no fail’ mini trends. What I mean by ‘no fail’ mini trends are movements in currency pairs just after better than expected or worse than expected economic data announcements. For example, if the U. S. unemployment numbers and NFP numbers come in much worse than expected, then there will not likely be another U. S. interest rate hike soon, so the U. S. dollar would immediately weaken against for example the euro. One of the best ways to capitalize on such mini trends, which occur just after unexpected economic data number, is by trading binary options. That way you can buy a call or a put for 5 min or 10 min markets, as soon as it’s clear which direction the currency pair will head. Click here to check out the best trading platform for binary options and start integrating this strategy into your forex trading arsenal.

Betting On A Prolonged Currency War

If you believe the global currency war will continue and, as it stands, it looks that way, then placing medium to long-term bets on certain economies to attempt to weaken their currencies, once they strengthen too much, is a viable currency trading strategy in the current market environment.

A great example for this would be New Zealand and its currency the New Zealand dollar (NZD). Their biggest trading partner is China, and should China hint at a second devaluation of its currency or should Chinese growth slow down any further, then it only makes sense for the Reserve Bank of New Zealand to keep its currency weak to stay competitive with their number one trading partner. Here, shorting the NZD during times of slight strengthening might be a good way to capitalize on this aspect of the global currency way. If you are placing longer term bets make sure you keep an eye out for statements from central bankers, which could indicate what their next moves could be. And, of course, stay on top of any economic data announcements.

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Yesterday the pair continued falling amid weakness of the US Dollar and the publication of mixed macroeconomic data in the US. The Current Account deficit amounted to 125.3 billion, while economists predicted it at 118.9 billion USD. At the same time, the number of Initial Jobless Claims grew to 265 thousands that was yet better than forecasts.

Today attention needs to be paid to data on the Bank of Canada Consumer Price Index Core. According to forecast, the index will grow that might add to pressure on the pair.

Support and resistance

On the 4-hour chart, the pair is falling along the lower MA of Bollinger Bands. MACD histogram is in the negative zone and its volumes are growing. Stochastic is near the oversold zone.

Support levels: 1.2965, 1.2940.

Resistance levels: 1.3030, 1.3100, 1.3165, 1.3210, 1.3265, 1.3300, 1.3340, 1.3365, 1.3400, 1.3465, 1.3530.

Short positions can be opened from the level of 1.2965 with targets at 1.2940, 1.2900 and stop-loss at 1.2990. Validity – 1-3 days.

Long positions can be opened from the level of 1.3030 with the target at 1.3100 and stop-loss at 1.3000. Validity – 1-3 days.

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Yesterday the pair significantly declined after the US Fed made its Interest Rate Decision. As was expected, the rate remained unchanged at the current 0.5% but the regulator lowered its own forecasts of the pace of further monetary policy tightening. In addition, the regulator acknowledged the existence of substantial risks for the growth of the US and world economies.

Tomorrow attention needs to be paid to the speeches by Fed officials and to data on inflation in Canada.

Support and resistance

Bollinger Bands on the daily chart is moving down while the price range is widening, but the price currently remains outside of its borders. MACD turned down and formed a sell signal. Stochastic is near the oversold zone.

The indicators recommend waiting for clearer trading signals.

Support levels: 1.3100 (local low), 1.3037 (3 November 2015 low), 1.3000 (psychologically important level), 1.2951, 1.2900.

Resistance levels: 1.3164 (local high), 1.3224, 1.3265, 1.3300 (psychologically important level), 1.3370, 1.3404 (local high), 1.3457, 1.3500, 1.3586 (29 February high), 1.3650.

Long positions can be opened after the price rebound from the level of 1.3100 (with the appropriate indicators signals) with targets at 1.3200, 1.3265 and stop-loss at 1.3030. Validity – 2-3 days.

Short positions can be opened after the price consolidates below the level of 1.3100 with the target at 1.3000 and stop-loss at 1.3165. Validity – 2-3 days.

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DailyForex will be continually updating the list of Forex webinars offered by leading Forex brokers around the world and will itemize them according to their date of presentation. The names of the instructors will be given when available and the list will include the correct times according to the GMT time zone.

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Riesgo: DailyForex no se hace responsable de ninguna pérdida o daño resultante de la confianza en la información contenida en este sitio web, incluyendo noticias de mercado, análisis, señales comerciales y revisiones de corredores de Forex. Los datos contenidos en este sitio web no son necesariamente en tiempo real ni precisos, y los análisis son las opiniones del autor y no representan las recomendaciones de DailyForex ni de sus empleados. El comercio de divisas en margen conlleva un alto riesgo y no es adecuado para todos los inversores. Como producto apalancado, las pérdidas pueden exceder los depósitos iniciales y el capital está en riesgo. Antes de decidir negociar Forex o cualquier otro instrumento financiero, debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito por el riesgo.

Riesgo: DailyForex no se hace responsable de ninguna pérdida o daño resultante de la confianza en la información contenida en este sitio web, incluyendo noticias de mercado, análisis, señales comerciales y revisiones de corredores de Forex. Los datos contenidos en este sitio web no son necesariamente en tiempo real ni precisos, y los análisis son las opiniones del autor y no representan las recomendaciones de DailyForex ni de sus empleados. El comercio de divisas en margen conlleva un alto riesgo y no es adecuado para todos los inversores. Como producto apalancado, las pérdidas pueden exceder los depósitos iniciales y el capital está en riesgo. Antes de decidir negociar Forex o cualquier otro instrumento financiero, debe considerar cuidadosamente sus objetivos de inversión, nivel de experiencia y apetito por el riesgo.

Forex 101 - What is a Forex Swap?

One of the things that you need to know about the Forex market is things like the Forex swap. So what is it? To the newbie on trading, it might not mean anything, but the idea of trading and swapping hands might come to mind and the truth is, you may not be far from the truth. In finance terms, the Forex swap is actually a purchase and sale of identical amounts of the same currency, at the same time. Which means, in real time, the transaction happens in identical moments, often overlapping each other within the market.

But the unique thing about the Forex swap is that it has two very different and varying values for the currency amounts that have gone through the same transactions at the same time. Within the market, the Forex swap can consist of two things, or two events that happen in succession, which can be the a 'spot foreign exchange transaction' followed closely by a 'forward foreign exchange transaction;. These are the terms you should be familiar with when talking about the Forex swap. It represents just a small fraction of the terms and nuances that you should be familiar with when talking about the Forex market. In reality, the market is one that is very technical, carrying with it a whole slew of numbers and figures, and different mathematical influenced data that you should be familiar with. This is how you can succeed with Forex - by having the maximum amount of information and recognising the jargon necessary to excel in the market.

But this article digresses a tad - back to the swap, and there are certain other things you need to know about it. The common use of this mechanism of the market is for institutions to fund their foreign exchange balances. In technical terms, once a transaction is settled in the FX market, then the one who has the original position is left with a positive position in the currency he or she has chosen, which means that in order to collect or pay off any of the interest due to these balances of foreign nature, they have to be re-instituted the next day. This is a bit complicated, but just know that when you have a balance that is deductible by the common taxation laws of the Forex region, you will be leveraging on Forex swaps to make you life a little easier.

As you can see, the market is filled with technical jargon that you may or may not understand and it is up to you to take the initiative to learn about them. Expertise on the Forex market requires quite a bit of attention on the part of the budding investor and ranking with the best of them requires more than just a little information. The Forex market is one that has the potential to make anyone rich beyond their dreams, but there is no magic formula towards that holy grail. Success in the Forex market comes with perseverance and a whole lot of effort to fine tune and exact your trading techniques.

GBPJPY 101-108

sobre el autor

Yohay Elam - Fundador, Escritor y Editor

He estado en el mercado de Forex por más de 5 años, y comparto la experiencia que tengo y el conocimiento que he acumulado. Después de tomar un curso corto sobre forex. Al igual que muchos comerciantes de forex, he ganado la parte significativa de mi conocimiento de la manera difícil. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.

Antes de fundar Forex Crunch, he trabajado como programador en varias empresas de alta tecnología. Tengo un B. Sc. En Ciencias de la Computación de la Universidad Ben Gurion. Dado este fondo, el software de la divisa tiene una parte relativamente mayor en los postes.

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