tag:blogger.com,1999:blog-37961598281934177252024-03-08T08:47:05.514-08:00FOREX AND TRADERELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3796159828193417725.post-4961893632616906212009-04-26T22:39:00.000-07:002009-04-26T22:40:42.071-07:00Automated Forex Trading System Software, the solution for part time forex traders!simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies.<br /><br />Forex trading requires a constant monitoring. You can win the forex market if you can monitor the forex market all the time and should be able to analyze it. Trading forex needs a lot of research. Forex trading needs full time effort. It’s not so easy to win the forex market just by being a part time trader.<br /><span class="fullpost"><br />Whether it is full time trader or a part time trader, forex market needs a lot of technical analysis and fundamental analysis. Doing fundamental analysis is really very easier than doing the technical analysis.<br /><br />A technical analysis is founded on three suppositions:<br /><br />1. Movement of the market considers everything;<br /><br />2. Movement of prices is purposeful;<br /><br />3. History repeats itself.<br /><br />Basically technical analysis should be viewed as the study of historical prices at the market in order to forecast or even know with greater probability in what direction the future prices will move. Technical analysis needs various technical indicators, different types of charts, graphical methods and analytical methods.<br /><br />Technical analysis needs a lot of time, concentration and patience. At the end of technical analysis, you get an idea when to buy the forex and when to sell the forex in order make the profits.<br /><br />As a part time trader, you cannot keep much time for technical analysis. It’s the work of full time traders. But in that case, how could a part time trader win the forex market?<br /><br />Forex market is growing faster and faster than any other market in the world. Many latest tools have also evolved for the forex market. The solution for the part time traders is to get the forex trading signals or to use an automated forex trading system software.<br /><br />Forex Trading Signals are selling and buying recommendations given by any third party. Such parties could be brokers, brokerage firms, analysts, traders, forex related software tools, etc. Different parties offer different signals, tips, and trends for trading in forex markets. It is best to collect daily Forex signals from reliable sources. A combination of fundamental and technical analysis forms the foundation of accurate Forex signals.<br /><br />In the other way, the part traders should either subscribe for signals with any forex expert organization or they should have some automated forex trading system software tool which would do the technical analysis for them and automatically place the buy and sell orders for them.<br /><br />If you subscribe for forex signals with any forex expert organization, the forex signals cost anywhere from $50 to $200 a month. It's up to the individual trader to decide if the cost is worth it. Don't think that signals can take the place of trader education: they are advice, and if you don't have the knowledge to analyze the advice, you should go back to the books before using a signal service.<br /><br />Coming to the automated forex trading system software that generate the trading signals and place orders automatically, they are more handy. Generally the tools that are provided by forex brokers, they will be restricted to only particular currencies, but that would not be the case with the automated forex trading system software. These automated forex trading software systems will be available in the internet market and that too for a low and affordable price. There is no need for you to pay every month for these tools; it’s just a one time purchase. These automated forex trading software systems generally doesn’t cost more than $100.<br /><br />The main advantage of these automated forex trading software systems is that there is no need for you to depend on any other forex signal providing organizations or on the forex brokers who serves you. These automated forex trading software systems directly get the trading signals for themselves and place the buy and sell orders for you automatically without any human intervention.<br /><br />To catch up with fast growing forex market and to make good profits and consistent stream of income in forex trading, I prefer the automated forex trading software system. These automated forex trading software systems will be of more useful to both part time and full time forex traders.<br /></span>ELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.com0tag:blogger.com,1999:blog-3796159828193417725.post-58157626024038390072009-04-26T22:23:00.000-07:002009-04-26T22:24:04.981-07:00Choosing a Forex Broker That Wont Rip You OffAt the best of times Forex currency trading can be a risky business with a huge potential for profit or loss. As a fulltime trader i have seen the best and the worst that the forex market has to offer, the dizzying highs of large wins, and the gut wrenching lows of people going bust.<br /><br />You might be a forex trader yourself, or maybe you are just curious about how forex markets work, whomever you are, you need to learn how to seperate the legit forex brokers from the scam merchants. The internet has a great deal of genuine forex dealers offering quality services, it is also unfortunately infected with just as many thieves dressed up as companies who will gladly take your money and then dissapear. This fear of being taken advantage of puts a lot of people off the idea of trading forex, this shouldn't be the case.<br /><span class="fullpost"><br />Now there are a few key differences between stock markets and forex markets that you are going to have to learn:<br /><br />1. Forex has no centralised exchange house.<br /><br />2. Forex trading is 24/7.<br /><br />3. Forex is a largely unregulated market.<br /><br />Looking at that list, it kind of seems that the forex market is akin to a wild west town full of outlaws and gunslingers. In this market there is noone to complain to, noone who will hold your hand. So how can you find the genuine dealers amid all the garbage? Do not trust any broker whose reputation cannot be confirmed, and whose company is not tied to the forex market.<br /><br />The attraction of the forex market can be overwhelming. The scent of huge profits often overpower the common sense of the average person. They enter eagerly, just waiting to invest their life savings.Lying in wait are the scammers with huge promises, they capture the new investors money, and suddenly dissapear.<br /><br />The good news is, is that many genuine forex brokers do actually exist. Easy-Forex, Oanda, and many more have proven track records that justify their positions in the market. Usually if a company is small, has no affiliation to forex or a financial institution, then stay away. Also a word on looking for reviews about brokers online. You can find honest reviews on forex brokers online, however there seems to be a habit of late of competing forex companies, and/or traders engaging in negative marketing of each other. Dig deeper and you will usually find an honest answer.<br /><br />So remember:<br /><br />1. Validate the companies reputation.<br /><br />2. Make sure they are tied to the forex legitimatly.<br /><br />3. If the company is small and unheard of, stay away.<br /><br />4. Finally if the broker has a proven online track record, a legitimate financial institution affiliation, and a few good reviews, give them a try.<br /><br />My ultimate advice is, if unsure, invest the smallest amount you can, and find out for yourself. This is how i usually used to find brokers, and it worked for me.<br /></span>ELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.com1tag:blogger.com,1999:blog-3796159828193417725.post-2839416678498987492009-04-26T22:20:00.000-07:002009-04-26T22:26:01.892-07:00Forex Signal ProviderSo you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you watching business news in the morning paper and following CNBC channel to be on the top with latest information from exchange market. You trading your demo account trying to figure out how to make it all work? So? Does it? No?<br /><br />Face the fact that in currency market all is possible and there is no golden rule to follow. There are so many aspects to consider that you will need at least another head to set this puzzle together.<br /><span class="fullpost"><br />But do not worry there is a hope that can make it work.<br />Signal solutions for forex trading. People who traded forex for a long time and developed their own systems to enter and exit with profit strategies. They will share this knowledge with you for varieties of prices from usd49 to usd499 a month for those precious information. Problem is which one will suit you best. Are they scams? <br /><br />How do I know?<br />For medium advanced forex trader is almost impossible to choose proper forex signal system, which is not a scam, or at least not profitable. There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success.<br />Advice is that you will have to establish what type of trader are you? Do you want to trade quickly or maybe over the days or weeks? What losses can you manage and how much money you want to invest.<br />As long as you know al that it is a time to pick up signal trade provider.<br />Few things worth researching are: performance, service offered and rewievs of the signal. Search on forum for another users of the product you are interested in and ask for comment. Every profitable system should be up on collective2 with real track performance. Look for service offered. You will quickly find out that only few offer free trail-option to try signals before you pay. Demand performance evidence.<br />But while doing all that hard work choosing your automat forex signal system remember that you will have to totally follow it without exceptions to make most out of it. Any even small innovation may have dramatic results in your own gains.<br />Remember that your future profits will depend on your signal provider so calculate carefully and make smart decisions.<br /></span>ELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.com1tag:blogger.com,1999:blog-3796159828193417725.post-81550011552709099712009-04-26T22:19:00.000-07:002009-04-26T22:20:34.078-07:00successful forex tradingWhat have you put off today? Something important you had to do that you ended up not doing? Well i am sorry to say this but Forex doesn't like you very much, it won't actually come out and say this, but it will definatley show you by eating all your money.<br /><br />Why do lazy people flounder in the forex market?<br /><br />1. They put off getting a broker too long and then often make a bad choice.<br /><br />2. They don't do any research or engage in education and therefore end up gambling.<br /><br />3. They clutter up informative blogs and forums with their incessant whines about how forex is a scam and can anyone lend them $20 because they are good for it.<br /><br />4. They are often emotional about trades and will either get too excited after a good trade or try to take revenge on the market after a bad loss.<br /><span class="fullpost"><br />Does this look like a successful traders mindset to you? Of course it isn't. Are you guilty of any of these things? If you are get it sorted ASAP, not or my sake, but for your own. It isn't my money you are gambling away. "But i thought forex is investing not gambling?" Thank you! I don't gamble in forex, i invest, many other traders i know invest as well. Whats the difference? Education my friend, education. We know what we are doing, and make educated decisions about where we want our money, a forex gambler wakes up in the morning and just decides then and there where he is going to flush away some more money. They don't research, they don't even know what a chart looks like, they just go with uneducated gut feelings.<br /><br />But let's stop talking about forex gamblers before i have a stroke, what about successful traders?<br /><br />1. They research brokers and then choose one and stick to it until the broker gives them reason not to.<br /><br />2. They are always learning. What is a better indicator to use? What have i done wrong in the last week? This is the kind of thing that sharpens their trading sword so sharp it could cut space and time.<br /><br />3. They don't post often, they might not ever post on a forum or blog. To them forex is about learning and they would rather listen then speak. Humble eh?<br /><br />4. They keep their cool. They know that a win can turn into a loss and the other way around within the next 5 minutes. They have the experience and they have already set up their trades to accomodate for a turn in fortune. They are in control. Well mostly.<br /><br />So the main point of all this text is to realize that if you can't even bother having a shower when you wake up in the morning, how are you ever going to be successful in something as demanding, but equally as rewarding as forex? You aren't because forex hates you.<br /></span>ELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.com0tag:blogger.com,1999:blog-3796159828193417725.post-9408864400171437182009-04-26T22:16:00.001-07:002009-04-26T22:18:12.029-07:00Course on Forex TradingThe term used to describe the trading of the currencies of the various countries of the world is called foreign exchange, forex or just FX. More than 1.5 trillion USD worth trade activities are conducted in the worlds largest forex market. The forex trade is not conducted by a central exchange unlike stock trading. Telephone or electronic networks are used to connect the two counterparts all over the world to make a trade. Moreover the forex market offers several advantages over equities trading.<br /><br />Moneymaking or wealth creation is the main goal behind any trade. The opportunities in FX are boundless and it far exceeds the slim margins and picks of other markets like equity or share trading. Moreover the risk involved is also much less and to top it all forex trading can be conducted 24 hours a day. There are always buyers and sellers available, who make this trade more liquid and stable among all others. The banks too provide liquidity to investors, companies and institutions.<br /><span class="fullpost">Just like any other financial instrument forex trading also involves a deep analysis about the fundamental and technical truths associated with the trade. Keeping in mind the general interest of traders looking forward to invest in forex, many forex trading courses are available. The main aim of this Forex Trading Course is to impart the necessary knowledge about the fundamental procedures and tips on better and professional trading policies.<br /><br />Forex trading courses offer valuable information related to the impacts on global currencies, market risks, market trends etc. it not only benefits the new trader who wants to set foot on alien grounds, but also the existing investors who wish to brush up their tricks of the trade. All the aspects of the forex trading, using the latest software’s and tools are what the Forex Trading course material is comprised of. Step by step guidance on trade environments, technical analysis, risk management, trading rules, global markets, economic and market indication etc are provided along with the hands on practical guidance from the experienced tutors from all around the globe.<br /><br />Many factors are to be considered before you make a decision to do Forex trading course. ‘Knowledge is power’ for all our daily diplomatic living. Knowledge on what we do and how we do, especially trading will not only enhance our business dealings but will also allow us to differentiate and track down market conditions. Managing our finance wisely will save us the fear and anxiety about our unpredictable and meek future. Forex trading courses often outline these basic business strategies in their course material.<br /><br />Forex trading courses are available as online courses and also through printed books. Free tutorials and financial guidance is also provided by many web sites. Choosing a professional Forex Trading Course will provide you with details on<br />• The best time to trade specific currencies like Euro<br />• How to anticipate movements and trends in the global market<br />• Which pairs of currency to trade<br />• Best time to enter the forex market<br />• Market conditions and tips about efficient trading from experts<br />• Technical indicators<br />Overall a forex trading course should be a complete currency trading solution for all the queries regarding forex and its effective trading options.<br /></span>ELI - LIDIAhttp://www.blogger.com/profile/17252346494036715628noreply@blogger.com0