Wednesday, October 29, 2008

Forex Funnel Review - Another Automated Forex Robot Scam?

Forex Funnel is software that is claimed to trade the foreign exchange currency markets by itself. It does this by using a trading system that exploits technical indicators to find its entry and exit points on autopilot. So in essence, it is designed to make you money automatically without lifting a finger. Software of this kind are more commonly known as 'expert advisors', but the question is can you really trust your cash with an automated robot trader?

1. What is an Expert Advisor?

They operate automatically on pre set parameters set by you, the user. Normally, the parameters best for advisor to trade with is pre programmed, which means that you only need to add the software to the currency screens in their Meta Trader 4 program to start using them.

2. How does the Forex Funnel software work?

Once the software is added to Meta Trader 4, Forex Funnel will work by itself to look for profitable opportunities in the markets. Once established, they do orders by themselves with a pre set lot size. You can also set a stop loss, trailing stop loss or a cut off profit level.

3. So, is The Forex Funnel profitable?

After demo testing this software for a couple of months, I was very impressed with the results the software delivered. A word of warning, you should only use software to the currency pairs that the programmer recommends. Different currencies have different unpredictability, and Forex Funnel has only been designed to trade in very specific markets.

After demo testing Forex Funnel with profitable results throughout, I have started using it to trade with real money. I have been very impressed with the transition and the software has returned similar real money profits to the profit margins on the demo account.

Did you find this review on Forex Funnel useful? You can learn a lot more about how Forex Funnel can help make you a lot of money here: Forex Funnel Review

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Monday, October 27, 2008

Powerful Strategies For Forex Trading

I'm here to present to you some powerful strategies for forex trading. The foreign exchange market is the largest in the world and never before has been the average Joe been allowed to compete in it. It has been reserved for large firms and banks. Now, ordinary people, have the ability to compete along side them and profit.

  • The Exits: In the culture we live in, as consumers we are obsessed with the price tag. We are always looking for a deal and when we find it, we're happy. The problem is that in the forex market, we aren't trying to get a deal the same way. A cheap price tag doesn't mean anything actually. What is important to us is the sell price or exit price. You don't make a penny of profit, until you sell the trade. Obviously the most important number is the sell price.
  • Control Your Emotions: Emotions are probably the biggest destroyer of new traders. You maybe able to stay calm for a while, but as soon as emotional thinking crawls into your head, you're like a child with a loaded hand gun. It's not going yield anything good. The hard thing about emotional thinking is that a lot of it is hard to detect, so I wanted to give a few examples just to help. If you just have a "gut" feeling about something, it's definitely emotional. When it comes to a good trade, the math has to look good, so your gut shouldn't come into the equation. Another example is this overwhelming "need" to trade. There's people out there making trades, not for profits, but because they think that is what they "need" to do.

The Forex Power Strategy Course is a new and powerful course that helps traders build a solid foundation for trading. When you build a foundation under your trading, you can properly grow and increase profits. You should definitely check out the Forex Power Strategy

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Tuesday, October 21, 2008

Forex Trading Tips For Traders (Part 2)

Now, for the second part of this series of Forex trading tips. I just hope that you have fully understood the above information and realized their importance in relation to improving your Forex trading activities. Here are more tips for you to better understand and trade in the Forex market.

1) Leverage or Margins - Leverage or margins is one of the enticing part of Forex trading. However, this can go both ways for the trader. He or she can either win big or lose big in Forex due to the amount of leverage offered by brokers. Those who lose heavily on Forex trading are caused either by inexperience or greed. So if you are new to Forex, be careful of your leverage.

2) The Need For A Strategy - As in everything else, a plan or a strategy is needed to succeed. Before you dabble in Forex, formulate a plan in how best to wage your trading campaign for profit. Most of those newcomers who ventured in Forex trading and lost are those who did not have any trading strategies to follow because they might have not received any Forex trading tips.

3) There are Only Two Ways For The Market to Go: Up or Down - Nobody can predict the market if it will go up or down. That is why most traders rely on trending which is forecasting basing on previous movements of the market that can be considered as one of the Forex trading tips that is logical. But volatility can always disrupt trending; that is why it will do you good to stick your ears to the latest world news that might give you an advantage to foretell the movement of your currency pairs.

4) Watch and trade On The News - Nearly all major currency traders stick their guns on the news and do their trading on the news. You would do well to ape them as well because of the fresh opportunity you have in executing your trade with the very fresh news that you have heard that could impact on your currency pairs. The rippling effects of the trade by heavyweight traders can be an advantage to your new position. This is one Forex trading tips than can help you a lot.

5) Be Logical In Your Trading - Do not ever try to force a losing trade in the hope of an eventual recovery. Sticking your neck out too much on a losing trade can lose you a lot of money. Be sensible to know that you lost money on that trade and get out. But if you are on a winning track on your trade, keep it up. Forex trading tips will encourage you to play on it while the iron is hot.

6) Low Profits For Lesser Risks - If you are always aiming for low profits, you would be well advised not to trade at all as the odds against you will just eat your deposit away. Even when you can be lucky some days with just very little profit, most days when you are not too lucky will prove a debit balance to your account that can ultimately zero out your account credit.

7) Make Your Trading simple And Practical - Reading all those analysis of trades and other techno stuff that promises you can predict the ups and downs of currency trading will do you nothing. Nobody can read the future of Forex trading. The best way is just to learn the basic trend, and that's all. Keep it simple to avoid confusion.

Peter Flemming is a professional Forex Trader and is a staff writer for TradingProfits.org a website about learning Forex trading and trading education. Download a copy of our ebook for Forex beginners' education today!

You may republish this article on the condition that it is not edited and all html links to our website are kept intact. TradingProfits.org All Rights Reserved.

The entrance of Pfizer World headquaters in New York in a file photo. Pfizer posted a higher-than-expected quarterly profit on Tuesday, as the world's largest drug maker better controlled costs and benefited from the weaker dollar. (Jeff Christensen/Reuters)Reuters - Pfizer Inc posted a higher-than-expected quarterly profit on Tuesday, as the world's largest drug maker better controlled costs and benefited from the weaker dollar.

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Sunday, October 19, 2008

Time to Learn Forex Trading

In order to make a success of your forex trading, it is important for you to take the time to learn forex trading. If you take time to study and understand the techniques and strategies involved, you will have a much higher chance being successful because by doing so you are stacking more odds in your favour.

As is the case with any new venture, it's not much of a pleasure reading through pages and pages of manuals or scrolling through pages of website, but if you are going to be risking your hard earned money in the forex trading business, it is important to learn forex trading thoroughly as this is a small price to pay compared to what will happen to your funds if you venture into forex blindly.

It is not the get rich scheme that many books and websites might lead you to believe although you indeed can make a good living out of forex trading. You are not guaranteed to never lose money even if you take the time to learn about trading through courses, seminars, books etc. but they can certainly improve your chances of being successful.

One of the ways to learn about forex trading is through seminars. The seminars available can be useful in your Forex education because they are interactive and usually go into important details of trading. Seminars are by far my favourite because they are interactive, so you can discuss points with the tutor and discover new things about trading.

The first thing you should try to get conversant with is how to read financial currency charts. This is important because after going through the data and trends, you should be able to make a prediction about the next rise or fall of a currency trend. By doing this effectively you will be able to improve your chances of trading your money in the correct currency pair.

The learning process is a continuous process that never really ends as long as you continue to trade in forex or other related markets. There will always be new and improved methods, newly discovered strategies, different currencies, etc. If you take the time to learn more about forex trading before you trade it will make a world of difference on the outcome.

For more tips and information that can help you shape you forex trading techniques and skills visit: http://www.forexxtrader.blogspot.com

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Thursday, October 16, 2008

Online Forex Trading - How to Profit With the Big Boys

There are no shortage of online forex trading articles out there. So, my point is in providing something fresh and valuable that you can take away with you and as a result, make you a better trader. We all know that the big money (IE: Banks, the institutional trading companies, ultra wealthy, etc..) is what moves the currency markets. It is no mystery that there buying or selling of the various currencies is where the real profits come in. So, isn't it in the best interest of individual forex traders like us to find out where the big boys are moving and then trade in there direction? Of course it is. I want to share a little secret with you that I learned along the path of my own trading of the markets.

Here it is: Trade in the direction of the 200 day moving average. Yes, it is that simple. To so many forex traders, they need something bigger or more scientific but the truth is that the 200 day moving average is the one most sought after technical indicator that is followed by the biggest traders. This is what is largely referred to as "trading in the direction of the trend." In case you are wondering, the infamous saying, "The trend is your friend," is absolutely true.

If you have to pick one technical indicator to go with it should be the 200 day moving average BUT do not stop there, use other indicators to confirm a move. Online forex trading is not rocket science. Often, those who make the most money do so because they know how to read the market. In fact, with the right forex trading software and a little experience, it is the most liquid and profitable market a trader can participate in. Good trading ahead.

Get an Objective Review of the Most Popular Forex Trading Software Programs. Forex Trading System Review is the place to visit.

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Tuesday, October 14, 2008

Managed Forex - How to Manage Your Forex Trading

Money changes everything. This line from a song takes a pitch on how money affects man. People from all walks of life - poor or rich - think of numerous ways on how to earn money or even how to grow them into million bucks. We are not survived by love alone, money still matters.

One of the most-sought after money-making investments nowadays is the popular forex trading. You watch them in the news, read them in the papers, see them in the movies - everybody's talking about it, and you don't even know a thing that people really do get rich from a well-managed forex trading.

If you are a novice, we are providing you with guidelines on how to start with forex and have a successfully managed forex trading all throughout.

Knowledge is Power. The most successful businessman in the world is the man who has gained true knowledge and master of the business. You can't engage your money at once just because people are telling you this is how you do it. If ever their opinions matter, it is your opinion that matters the most. Search for numerous information about the business. Read them thoroughly and learn them by heart. Try joining seminars or workshops, watching online videos and tutorials, and don't stop until you know you have gathered more than enough information.

Right Trading System at your doorstep. Before finally making a choice on which broker you have decided to put your money on, study all the different systems of brokers and do some sort of charting or auto trades on the computer.

Work out your Trading Plans. Get your objectives, market strategies, point of investment and expected return on investments sorted out. If you have not finalized these details, then do not try to jump into the water yet. You will likely lose whatever you have invested. If in case you have a well-managed forex plan ahead of time and still failed to profit from the business, do not fret for there is always room for improvements on everything. Find out where you have mistakenly set your plans.

Managing your money. In every business or investment, there are always possible risks or dangers. Learn how to manage your money and protect it from losing terribly. As I have mentioned earlier, set your objectives on your profits and set protective indicators on when to make a stop. Because if you lose everything at once, you might miss a great chance along the way since you have no capital anymore. Also, try managing your personal expenses with it.

Everything is learned thru discipline. Especially if you are about to target a well-managed forex trading success from the beginning, it is important that you learn the art of discipline. Do not be moved by your emotions along the way; do trade with your trading plan at hand.

Once you have discovered the right formula to a well-managed forex trading, forex business can really be a smart and beneficial move to grow that capital in hand.

John Callingham shows you which managed forex techniques, systems, and strategies actually work and which ones do NOT. Learn how to profit off of rising world currencies at http://www.ForexReviewInsider.com

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Monday, October 13, 2008

Forex Trading Education - The 7 Point Checklist For Using Trendlines

Forex trading education naturally falls into two parts. First the easy part, learning technical indicators, how to use a trading platform, the terminology, etc.

Secondly Forex trading education must include information on the mindset of a successful trader and the disciplines that need to be learned in order to handle the emotional and mental demands of trading in the market place.

Here we provide a list of 7 guidelines for using trendlines as part of your Forex trading education using technical indicators.

Trendlines may be regarded by some as one of the weaker indicators although still valuable. They can be powerful when used in combination with other factors. That's why an effective Forex trading education doesn't rest on a single magic formula but rather involves an investment of time and energy as the new trader learns to combine the input from a number of tools to reach a clear decision.

When using trendlines to identify an optimum entry point for a high probability trade keep the following points in mind:

1. Trendlines on lower time frames such as 5 minute, 15 minute, or 30 minute, do not have much significance by themselves. Take more note of price reaction around trendlines on the higher time frames, specifically the 60 minute, 4 hour, and daily chart.

2. Trendlines on a daily chart carry a high significance as this is the chart many traders of large institutions use. They do not participate in intra day trading but rather look for position trades as they commit large sums of money to a transaction. The daily chart is often their point of reference.

3. Draw general trendlines across the significant lows in an uptrend or the significant highs in a downtrend and use them as a point of reference to show where support or resistance is likely to be found.

4. If you want to get more specific, use the Tom DeMark method of drawing trendlines. This technical advisor recommends using the current swing high or swing low, depending on the trend, and then connecting that to the previous swing high or low (to the left on a candlestick chart). The line is then extended out into the future. These trendlines can be constantly updated as new highs and lows are reached.

5. For trendlines to be effective indicators, they must be used in conjunction with other technical indicators. So if a trendline is crossed by a support/resistance line, or a pivot point, or a Fibonacci retracement or extension level, you now have a combination of factors indicating this could be a suitable entry point.

6. Add these two trendline methods to your Forex trading education:

  • When price has an upward or downward momentum (as opposed to moving within a consolidation channel), look for times when price will come back to bounce the trendline before resuming the momentum.
  • When price breaks a trendline, rather than enter a trade at that point, choose a more optimal entry point by waiting for price to return and test the back side of the trendline that has just been broken. This will not always happen and you risk missing being taken in. That's trading! But more often than not this will happen and you get an excellent entry point.

7. Do not use trendline breaks or bounces as an entry signal by themselves. They do not provide a strong enough signal. If you add this crucial piece of information to your Forex trading education you will minimize the number of trades you regret entering.

As part of your Forex trading education, use your demo account to experiment using trendlines.

Remember they have limitations. In themselves they can give a false signal. Used in combination with other technical indicators however, they form a more complete picture, giving you a clearly defined graphical representation of where price is and where it is likely to go.

Keeping the seven point checklist above in mind should help keep you out of troublesome trades when using trendlines!

See how to use trendlines to get an optimum trade entry point:

http://www.vitalstop.com/Forex/trendline.html

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http://www.vitalstop.com/Forex/Advisor/forex-online-trading-mohammed-ali.htm

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Saturday, October 11, 2008

Forex Raptor Review - Can You Really Rely 100% On An Automated Forex Trading System?

I'm sure that you have heard of the software called Forex Raptor. It is supposedly created to help beginners and even experienced traders to make money from the foreign exchange market. The Forex market is the largest market in the world, with billions of dollars exchanging hands between large financial institutions, traders as well as many small investors every day.

It is easy for anyone to become a Forex trader today, due to the ease of access into markets with online brokers. All you need to have is your internet connection and your broker's trading platform, and you're ready to start trading. However, many beginners enter the markets with no prior knowledge, and often end up losing a lot of money.

1. Why Was The Forex Raptor Created?

This type of automated trading software has many benefits as well as some disadvantages too. First of all, the fact that it can trade completely automated means that I don't have to constantly watch the screens throughout the day, giving me a lot more time for other activities. It is able to capture every big market move automatically, whereas a manual trader may not be able to do so as easily.

2. So What Are The Drawbacks of Forex Raptor?

Forex Raptor is not going to be a guaranteed money maker, because a piece of software can only be programmed to analyze the market's prices and technical indicators. There are many other factors that may cause prices to move against you, which are for example, news events that can affect international economy.

3. Conclusion

If you decide to try out Forex Raptor, remember to try it out on a demo account first. Even though it is currently showing a profit on my demo account, I have realized that the currency prices can sometimes move against you when unexpected news events occur. After you become more familiar with Forex trading, you can also choose to avoid trading when important economic reports are released, when the markets will be extremely volatile.

Is the Forex Raptor software a scam? Visit http://www.top-review.org/forex-raptor.htm to read a FREE report about this software, or Click Here to Download Forex Raptor!

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Friday, October 10, 2008

Trading Forex Using Price Action

It seems like when any person starts learning how to trade forex, they usually scour the internet for explanations on how to use indicators such as stochastics, MACD, moving averages and others. Then they cover their charts with as many of these lagging indicators that will fit. Trading forex using price action usually isn't something that springs to most newbies' minds. A lot of it has to do with the fact that most traders feel that they can't decipher which direction the market is moving without these indicators.

Trading with indicators is a lot like trading somebody else's signals. You're just hoping that its right. You're really not sure why the price is moving the way it is. What you're following is just someone else's opinion, (or in the case of an indicator, somebody else's formula). The whole point of trading forex using price action is that it eliminates all the clutter and you can trade from an unbiased point of view.

What happens many times when traders have so many indicators on their charts, is that a couple of the indicators are giving conflicting directions (one is saying that its going to go up, the other is saying its going down). Since most traders don't understand price action and movement, they are left waiting on the sidelines for all their indicators to match direction. Its an awkward position to be in when the only reason for taking a trade is because you're waiting for lines to cross each other when you don't really understand what that even signifies. The next time you're thinking about that, just think of all the traders on the New York Stock Exchange floor and think about how they are able to trade without charts, much less lagging indicators.

Trading forex using price action is not as intimidating as it sounds.

To see a review of the forex education courses, make sure to visit LearnForexDirectory.com

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Thursday, October 9, 2008

Spot Forex Trading, Part 4 - Multiple Timeframe Analysis For the Spot Forex

Multiple time frame analysis (MTFA) is the inspection of trend indicators, starting with the largest trends and timeframes, and working backwards down through successively smaller timeframes to see how the smaller timeframes and trends feed the larger ones. When the smaller timeframes are in agreement with the larger trends you can enter a spot forex trade. If no trend exists the smaller timeframes and trends will, at some point, build a larger trends.

MTFA has been around for nearly 25 years. The MTFA method is applicable to stock and commodities trading, equity options and currency options. The method is applicable to any currency pair. We are respectful of the strong technical work of Kathy Lien and Brian Shannon outlining MTFA and their technical papers are available on the Forexearlywarning website.

MTFA works, it is that simple. Pips can be made and the method is effective, especially when larger timeframes and trends are traded for larger pip totals. Money management ratios also improve when you are entering a larger trend.

By applying MTFA to multiple forex pairs your odds increase again, this is because you can choose to trade the best and largest trend available in the spot forex and ride the trends longer.

In order to conduct and accomplish a multiple timeframe analysis on the spot forex you need the proper platform and a set of trend analysis tools and indicators to facilitate the process. Some tools are very expensive some are free. You must be able to analyze 10 to 20 timeframes per pair prior to conduct a complete MTFA on a currency pair. You also must analyze the top 15-20 traded currency pairs to seek out the best opportunity.

The first step when conducting a MTFA on a currency pair is to inspect the largest 3 or 4 trends. See what pairs have established larger trends, whether the trending pairs are at the beginning, middle or deep into the trend, which pairs are not trending (oscillating) and which pairs could be developing a brand new trend. If there is a pair that interests you check the next support and resistance area and set a price alarm. When the price alarm hits check the smaller timeframes to see if they are in agreement with the larger trends, and if so enter the trade.

You can use off the shelf trend indicators to conduct multiple timeframe analysis. Simple indicators like exponential moving averages are fine. Just apply them across multiple timeframes.

Is it possible to make multiple time frame analysis better?? I believe the answer is yes. Incorporating parallel and inverse analysis into the analysis as well as support and resistance to set price alarms for notification of momentum or possible entry point can all help.

Scalpers may find the method to be to their liking because you will never trade against the larger trends and potentially hang onto trades much longer. One of the biggest reasons people scalp is that they have no idea which direction the trend is on the pair they want to trade. Or they only look at one timeframe. Traders scalp the foreign exchange but statistics show that people who hang on longer and ride longer trends make the most pips.

Why do traders not use multiple timeframe analysis? Mostly because analyzing alot of pairs and timeframes takes time and people basically are lazy. Most scalpers only look at one timeframe and could possibly be trading against a larger trend, or a scalper may be at the beginning of a very large move and exit way too early. If you are near the end of a trend you may also enter a trade after a long move and be entering near the end of the trend. This is bad money management under any scenario. Scalpers need MTFA but people who would like to stay in their trades longer would, by nature require knowledge of MTFA.

MTFA analysis of the spot forex is here to stay. Traders worldwide are accepting and learning to understand the method. MTFA is a rigorous method or analyzing the forex. But it is not difficult to learn. When combined with parallel and inverse analysis is quite powerful. It can be applied to any pair using free tools available on the internet from many spot forex brokers.

About the Author:

Mark Mc Donnell is the lead trading plan writer for http://www.forexearlywarning.com an inexpensive trading plans service available to all spot forex traders. He is also the developer of The Forex Heatmap http://www.theforexheatmap.com

He has many years of experience trading stocks, equity options and the spot forex. He has spent the last four years of his career devoted solely in studying the movements of the spot forex, conducting trend analysis, and determining how this impacts retail level forex traders.

Copyright 2008

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Wednesday, October 8, 2008

Forex Charts - Deadly Errors You Need To Avoid To Win Big

If you want to win at forex trading then using forex charts and technical analysis is a great way to do it. Forex charting is easy, time efficient and works yet; traders still make basic errors that cause them to lose.

Let's look at the errors made and why you need to avoid them.

1. Forex Charts Predict

A common mistake, traders think they need to predict to win - but of course this is simply hoping or guessing and is destined to see you lose.

If you use charts the correct way, you trade on the reality of price change and trade it, you don't predict.

There is a big industry in forex trading that says prices move to a scientific theory and you know what will happen next - but of course if prices did move to science, we would all know the price in advance and there would be no market.

Don't believe any of the prediction nonsense - trade the reality of price change i.e if a price comes to support, don't predict support will hold, wait for it to move the other way and trade the fact it has held.

Another great way to trade is to trade now breakouts to new highs or lows - it's a proven fact that most big moves start from these breaks, so make breakouts part of your forex trading strategy.

2. The More Inputs the Better

5 or 6 indicators must be better than 1 or 2 - totally wrong!

The more inputs the more chances are the system will break.

Simple forex trading systems work best and always have.

All you need is support and resistance and a few indicators and your all set.

3. Using Invalid Data

You need to use technical analysis on valid data, where you can get the odds in your favour.

Do not try and use forex day trading or scalping systems the data is to short to be traded. All volatility is random and you can't use it, so don't - Either forex swing trade or trend follow.

4. Using Indicators in the Wrong Way

Many traders do this.

They use lagging indicators such as moving averages to enter price, or Bollinger bands are stops. This is not what they were intended to do!

Use an indicator for what it was intended and understand its limitations.

5. Curve Fitting

To succeed with forex charts we have said you need to keep your system simple and if you do, you will avoid another common mistake curve fitting.

Today with powerful software packages, it's tempting to back test and bend the rules to fit the data to make a profit - this is also known as curve fitting.

If you do this, the system will collapse in real time trading, as no two segments of data repeat themselves in the same way again.

To avoid curve fitting - keep it simple and make sure the rules you use to execute your trading signal are the same for all currencies and all market conditions.

A Simple Route to Profits

Forex charting is essentially simple - You need to use support and resistance and a few confirming indicators and to trade the reality of price change either, with breakouts or shifts in price momentum near support and resistance tests.

If you do the above, you can build your own forex trading system in about a week and you could soon be making profits, big ones, in less than 30 minutes a day.

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Saturday, October 4, 2008

Forex Trading Success - If You Don't Have the Following in Your FX Strategy You Will Lose

If you want to enjoy forex trading strategy you need to have the key component in this article, or you will lose and it's easy to find out if you have it just read on and try and answer the question correctly...

The question is (and you need to answer it with confidence and quickly):

What is your trading edge - why will you succeed when 95% of traders lose?

Simple - but be aware, what most people think is edge is not!

Here are common answers and there a recipe for equity wipe out

- I am going to use a forex robot that has a simulated track record (most have check!)

- I am going to day trade or scalp the market for profits

- I have a system based on science which predicts market movement

- I follow breaking news stories online and act on them

- My broker gives me research

- I am clever and that's my edge

- I trade on instinct and gut feeling

- I have a course form the net from a guru and he's an expert

Think any of the above are an advantage and you're in for a reality check and a swift wipe out of your equity.

The above are not edges at all they are misconceptions about what forex strategy you need to win yet most traders fall for them. A trading edge is something that you have confidence in and that doesn't come from not working, or someone giving you success.

A forex edge comes from an understanding of what you're doing and the right forex education.

Only if you have understanding, will you have confidence and discipline to apply your method for success.

Your edge can be anything you like, no two traders have to have the same edge - but it must be something that sets you apart from the crowd and you can apply, with discipline, to ride out losing periods until you hit a winning streak.

Most traders lack the discipline to execute their trading signals in the market because they don't have confidence in what they are doing and throw in the towel.

You have to lose to win in forex trading and most traders simply don't have the discipline to ride out losing periods but you must otherwise you will never succeed.

So if you want to win learn currency trading the right way, get a simple system you understand and have confidence in and apply it for success.

Yes it does involves you doing work but like any industry (and don't let anyone tell you otherwise) you get out what you put in and no one gives you success - you have to make it happen.

Having said that work smart, do the basics and get a trading edge and you could soon be enjoying forex trading success.

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The logo of German lender Hypo Real Estate is pictured in Munich October 1, 2008. The government threw a lifeline to cash-strapped lender Hypo Real Estate on Monday in an about-face just days after its finance minister said Germany's bank system was solid. Berlin agreed to provide the bulk of 35 billion euros ($50 billion) in credit guarantees for Hypo, which is the fifth German bank to be bailed out by the state in the face of financial sector turmoil. (Michael Dalder/Reuters)Reuters - Property lender Hypo Real Estate (HRE) fought for its life on Saturday after German banks and insurers pulled out of a state-led 35 billion euro ($48.5 billion) rescue program stitched together only days ago.

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Friday, October 3, 2008

Do You Want A Profitable Forex Trading System?

Every day over 3 trillion dollars are exchange on the currency market, and many ordinary people make thousands of dollars of the currencies. Most of the successful traders have a profitable forex trading system, a system that brings them money. Of course nothing is perfect and you will lose today let's say 1000$ but if the system it's profitable then you will get that money back tomorrow. Many times a profitable forex trading system involves a software that will reduce the chances of losing money on your trades and will calculate automatically the risks of doing certain transactions of buying or selling.

Why you must use a software?

-the main benefit of using a software it's that you don't need to spend all your day watching and doing tradings. Using a software will get you more money because you will be able to cash in on every opportunity, even when you sleep, or eat, or playing with your kids.

-Because all the calculations and signals are provided and you don't need to pay anymore for receiving forex trading signals every day.

-Because a good software will reduce the risks of losing money and sometimes you can test the market without spending real money.

Most of the expert forex traders developed trading software that will help you. The important part is that the software will include also a profitable currency trading system, a system that works because it was developed by experts in the currency exchange market, experts that make thousands of dollars everyday just by exchanging currencies.

If you want to know which is the best forex trading system and get a free gift Read More Here.

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Thursday, October 2, 2008

Forex-Trading Foreign Currency

If you have even a passing interest in the topic of Forex, then you should take a look at the following information. This enlightening article presents some of the latest news on the subject of Forex.

FOREX trading is all about trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine value. The value of that foreign currency is taken into consideration when trading stocks on the FOREX markets. Most countries have control over the value of that countries value, involving the currency, or money. Those who are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.

What makes the FOREX market different from the stock market? A forex market trade is one that involves at least two countries, and it can take place worldwide. The two countries are one, with the investor, and two, the country the money is being invested in. Most all transactions taking place in the FOREX market are going to take place through a broker, such as a bank.

If you don't have accurate details regarding Forex, then you might make a bad choice on the subject. Don't let that happen: keep reading.

What really makes up the FOREX markets? The foreign exchange market is made up of a variety of transactions and counties. Those involved in the FOREX market are trading in large volumes, large amounts of money. Those who are involved in the FOREX market are generally involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the FOREX market to be much larger than the stock market in any one country overall. Those involved in the FOREX market are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.

You might be surprised at the number of people that are involved in FOREX trading. In the years 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place. Think about how much a trillion dollars really is and then times that by two, and this is the money that is changing hands every day!

The FOREX market is not something new, but has been used for over thirty years. With the introduction of computers, and then the internet, the trading on the FOREX market continues to grow as more and more people and businesses alike become aware of the availablily of this trading market. FOREX only accounts for about ten percent of the total trading from country to country, but as the popularity in this market continues to grow so could that number.
Of course, it's impossible to put everything about Forex into just one article. But you can't deny that you've just added to your understanding about Forex, and that's time well spent.

I've a background in Telecom and I/T. For the last 6 yrs.I've been an affiliate website marketer,author,info broker,investor,webinar moderator and webmaster.

Currency Trading Class

A trader works on the floor of the New York Stock Exchange, September 30, 2008. (Brendan McDermid/Reuters)Reuters - Federal Reserve officials are weighing further interest rate cuts, even if Congress approves a $700 billion financial industry bailout, because of a worsening economic outlook, the Wall Street Journal said on Thursday. A rate cut is still far from certain, partly because of inflation worries, the WSJ said in an unsourced report on its website.

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