Currency Forex Trader

Understand Your Principles

2008-06-29T04:51:00.001-07:00

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Understand Your Principles

by Charles Fuchs

Forex trading has been growing rapidly among day traders since the 1990s, as day traders have seen the advantages that trading currencies can have over trading stocks. However, since there are fewer currencies for beginners to purchase over the large number of stocks available, forex trading can be much more difficult for a newcomer to learn and master. Still, there are some basic principles that someone new to forex trading should learn, and these concepts may even be helpful to the experienced trader.

The first principle of forex trading is to understand that trading is an investment, not an income. If you are looking to constantly boom in forex trading, then you may need to do a reassessment. forex trading, like other forms of trading, allows you to make a good return on your initial capital annually. However, during that year you need to expect some ups and downs in your forex trading. You could even have several months where you have consecutive losses. It is probably in your best interest to have another source of income while you do forex trading.

Another area where beginners sometimes find themselves frustrated is that they try to predict the forex trading markets. Thousands of traders have influence over the forex trading markets, along with politics and economic events, so there is no way to predict which way the market will move. There are some types of analysis that may provide an educated guess into market flow when doing forex trading, but they are not always reliable. Do not be discouraged, though, by the fact that you may lose on more trades that you gain on, as using sound money management can help you be successful with forex trading.

Making money from forex trading means that you need to make enough to cover your losses and gain profit to increase capital. When forex trading, you will need to allow your money-making trades ride while knowing when to cut your losses as soon as possible. forex trading means learning some finesse, as there can be a fine line where you will want to wait a little for the market to turn in your favor on your losing trades and also making sure you do not take your profit to soon on your better trades.

One way to handle your forex trading is to use a tested system and a money management strategy. There is no room for emotion when forex trading, so you will need to use a business-like approach that has been tested on market data. Using a tested approach will save you a lot of stress when forex trading. Also, using a sound money management strategy will allow you to use your capital in the best way when forex trading so that you can maximize profit and avoid major losses.

Source: http://www.home-based-business-world.com

133 Trading Tips

2008-06-24T14:52:00.001-07:00

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133 Trading Tips

Learn the basics of Forex trading. It's amazing how many people simply don't know what they're doing. In order to compete at the highest level in the trading business and be one of the few truly successful participants you must be well-educated about what you are doing. This does not mean having a degree from a well-respected university - the market doesn't care where you were educated.
Forex trading is a zero sum game. For every long there is also a short. If 80% of the traders are on the long side, then the remaining 20% are on the short side. This means further that the shorts must be well capitalized and are considered to be strong hands. The 80%, who are holding much smaller positions per trader, are considered to be weaker hands who will be forced to liquidate those longs on any sudden turn in prices.
Nobody is bigger than the market.
The challenge is not to be the market, but to read the market. Riding the wave is much more rewarding than being hit by it.
Trade with the trends, rather than trying to pick tops and bottoms.
Trying to pick tops and bottoms is another common fx trading mistake. If you're going to trade tops and bottoms, at least wait until the price action actually confirms that a top or a bottom has been formed before you take a position in the market. Trying to pin-point tops and bottoms in the foreign exchange market is very risky, but exercising a little patience and waiting for a proven top or bottom to form can increase your odds of profiting and somewhat reduce your risk.
There are at least three types of markets: up trending, range bound, and down. Have different trading strategies for each.
Standing aside is a position.
In uptrends, buy the dips; in downtrends, sell bounces.
In a Bull market, never sell a dull market, in Bear market, never buy a dull market.
Up market and down market patterns are ALWAYS present, merely one is more dominant. In an up market, for example, it is very easy to take sell signal after sell signal, only to be stopped out time and again. Select trades with the trend.
A buy signal that fails is a sell signal. A sell signal that fails is a buy signal.
Let profits run, cut losses short.
Let your profits run, but don't let greed get in the way. Once you've already made a nice profit on a trade, consider taking either some or all of the money off the table and move on to the next trade. It's natural to hope that one trade will end up as your "winning lottery ticket" and make you rich, but that is simply not realistic. Don't hold the position too long and end up giving all your well-deserved profits back to the market.
Use protective stops to limit losses.
Use appropriate stop-loss orders at all times to cut your losses and never, ever sit back and let your losses run. Almost every trader at some point makes the mistake of letting his or her losses run in hopes that the market will eventually turn around in his or her favor but, more often than not, it simply leads to an even greater loss. You win some, you lose some. Simply learn to cut your losses, take your occasional lumps and move on to the next trade. And if you made a mistake, learn from it and don't do it again. To avoid letting your losses run, get into the habit of determining an acceptable profit target as well as an acceptable risk tolerance level for each and every Forex trade before entering the market. Then simply place a stop-loss order at the appropriate price - but not so tight (close to the market) that the stop could quickly take you out of the position before the market has a chance to move in your favor. Using a stop is always the smart move.
Avoid placing protective stops at obvious round numbers. Protective stops on long positions should be placed below round numbers (10, 20, 25, 50,75, 100) and on short positions, above such numbers.
Placing stop loss is an art. The trader must combine technical factors on the price chart with money management considerations.
Analyze your losses. Learn from your losses. They're expensive lessons; you paid for them. Most traders don't learn from their mistakes because they don't like to think about them.
Stay out of trouble, your first loss is your smallest loss.
Survive! In Forex trading, the ones who stay around long enough to be there when those "big moves" come along are often successful.
If you are a new trader, be a small trader (mini account) for at least a year, then analyze your good trades and your bad ones. You can really learn more from your bad ones.
Don't trade unless you're well financed... so that market action, not financial condition, dictates your entry and exit from the market. If you don't start with enough money, you may not be able to hang in there if the market temporarily turns against you.
Be more objective and less emotional.
Use money management principles.
Money management increases the odds that the trader will survive to reach the long run.
Diversify, but don't overdo it.
Employ at least a 3 to 1 reward-to-risk ratio.
Calculate the risk/reward ratio before putting a trade on, then guard against holding it too long.
Don't trade impulsively; have a plan.
Have specific goals and objectives.
Five steps to build a trading system:
- Start with a concept
- Turn it into a set of objective rules
- Visually check it out on the charts
- Formally test it with a demo
- Evaluate the results
Plan your work and work your plan.
Trade with a plan - not with hope, greed, or fear. Plan where you will get in the market, how much you will risk on the trade, and where you will take your profits.
Follow your plan. Once a position is established and stops are selected, do not get out unless the stop is reached or the fundamental reason for taking the position changes.
Any successful trading system must take into account three important factors: price forecasting, timing, and money management. Price forecasting indicates which way a market is expected to trend. Timing determines specific entry and exit points. Money management determines how much to commit to the trade.
Don't cherry-pick your system's set-ups. Trade every signal.
Trading systems that work in an up market may not work in a down market.
Establish your trading plans before the market opening to eliminate emotional reactions. Decide on entry points, exit points, and objectives. Subject your decisions to only minor changes during the session. Profits are for those who act, not react.Don't change during the session unless you have a very good reason.
Double-check everything.
Always think in terms of probabilities. Trading is all about thinking in probabilities NOT certainties. You can make all the "right" decisions and the trade still goes against you. This does not make it a "wrong" trade, just one of the many trades you will take which, through probability, are on the "loosing" side of your trading plan. Don't expect not to have negative trades - they are a necessary part of the plan and cannot be avoided.
The place to start your market analysis is always by determining the general trend of the market.
Trade only with a strategy that you've proven to yourself.
When pyramiding (adding positions), follow these guidelines:
- Each successive layer should be smaller than before.
- Add only to winning positions.
- Never add to a losing position. One of the few trade management rules that we can state we never break is 'Never add to a losing trade'. Trades are split into winners and losers, and if a trade is a loser, the chances of it turning right around and becoming a winner are too small to risk more money on. If indeed it is a winner disguised as a loser, why not wait until it shows it's true colors (and becomes a winner)before you add to it. If you do this you will notice that nearly always the trade ends up hitting your stop loss and does not look back. Sometimes the trade turns around before it hits your stop and becomes a winner and you can count yourself very fortunate. Sometimes the trade hits your stop loss and then turns around and becomes a winner and you can count yourself unlucky.
- Whatever the result, it is never worth adding to a loser, hoping that it will become a winner. The odds of success are just too low to risk more capital in addition to the initial risk.
- Adjust protective stops to the breakeven point.
Risk Control
- Never risk more than 3-4 percent of your capital on any trade
- Predetermine your exit point before you get into a trade
- If you lose a certain predetermined amount of your starting capital, stop trading, analyze what went wrong, and wait until you feel confident before you begin trading
Don't trade scared money. No one ever made any money trading when they had to do it to pay the mortgage at the end of the month. Having a requirement to make X dollars per month or you will be financially in trouble is the best way I know to completely mess up all trading discipline, rules, objectives, and leads quickly to disaster. Trading is about taking a reasonable risk in order to achieve a good reward. The markets and how and when they give up their profits is not under your control. Do not trade if you need the money to pay bills. Do not trade if your business and personal expenses are not covered by another income stream or cash reserve. This will only lead to additional unmanageable stress and be very detrimental to your trading performance.
Know why you are in the markets. To relieve boredom? To hit it big? When you can honestly answer this question, you may be on your way to successful Forex trading
Never meet a margin call; don't throw good money after bad.
Close out losing positions before the winning ones.
Except for very short term trading, make decisions away from the market, preferably when the markets are closed.
Work from the long term to the short term.
Use intraday charts to fine-tune entry and exit.
Master interday trading before trying intraday trading.
Don't trade the time frame. Trade the pattern. Reversal patterns, hesitation patterns and breakout patterns appear often. Learn to look for the pattern in any time frame.
Try to ignore conventional wisdom; don't take anything said in the financial media too seriously.
Always do your homework and stay current on global events. You never know what's going to set off a particular currency on any given day.
Learn to be comfortable being in the minority. If you are right on the market, most people will disagree with you. (90% losers,10% winners).
Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.
Beware of all tips and inside information. Wait for the market's action to tell you if the information you've obtained is accurate, then take a position with the developing trend.
Buy the rumor, sell the news.
K.I.S.S - Keep It Simple Stupid, more complicated isn't always better.
Timing is especially crucial in Forex trading.
Timing is everything in Forex trading. Determining the correct direction of the market only solves a portion of the trading problem. If the timing of the entry point is off by a day, or sometimes even minutes, it can mean the difference between a winner or a loser.
A "buy and hold" strategy doesn't apply in Forex trading.
When you open an account with a broker, don't just decide on the amount of money, decide on the length of time you should trade. This approach helps you conserve your equity, and helps avoid the Las Vegas approach of "Well, I'll trade till my stake runs out." Experience shows that many who have been at it over a long period of time end up making money.
Carry a notebook with you, and jot down interesting market information. Write down the market openings, price ranges, your fills, stop orders, and your own personal observations. Re-read your notes from time to time; use them to help analyze your performance.
Don't count profits in your first 20 trades. Keep track of the percentage of wins. Once you know you can pick direction, profits can be increased with multi-plot trading and variations in using your stops. In other words, now is the time to get serious about money management.
"Rome was not built in a day," and no real movement of importance takes place in one day.
Do not overtrade.
Have two accounts. One real account and the other a demo account. Learning doesn't stop when trading real dollars begins. Keep the demo account and use it to test alternative trades, alternative stops, etc.
Patience is important not only in waiting for the right trades,but also in staying with trades that are working.
You are superstitious; don't trade if something bothers you.
Technical analysis is the study of market action through the use of charts, for the purpose of forecasting future price trends.
The charts reflect the bullish or bearish psychology of the marketplace.
The whole purpose of charting the price action of a market is to identify trends in early stages of their development for the purpose of trading in the direction of those trends.
The fundamentalist studies the cause of market movement, while the technician studies the effect.
Rising commodity prices generally hint at a stronger economy and rising inflationary pressure. Falling commodity prices usually warn that the economy is slowing along with inflation.
The longer the period of time that priced trade in a support or resistance area,the more significant that area becomes.
There are three decisions confronting the trader -whether- to go long, go short or do nothing. When a market is rising, the best strategy is preferable. When the market is falling, the second approach would be correct. However, when the market is moving sideways, the third choise - to stay out of the market - is usually the wisest.
Channel lines have measuring implications. Once a breakout occurs from an existing price channel, prices usually travel a distance equal to the width of the channel. Therefore, the trader has to simply measure the width of the channel and then project that amount from the point at which either trendline is broken.
The larger the Pattern, the Great the potential. When we use the term "larger", we are referring to the the height and the width of the price pattern. The height measures the volatility of the pattern. The width is the amount of time required to build and complete the pattern. The greater the size of the pattern-that is, the wider the price swings within the pattern (the volatility ) and the longer it takes to build - the more important the pattern becomes and the greater the potential for the ensuing price move.
The breaking of important trendlines. The first sign of an impending trend reversal is often the breaking of an important trendline. Remember however, that the violation of a major trendline does not necessarily signal a trend reversal.The breaking of a major up trendline might signal the beginning of a sideways price pattern, which later would be intedified as either the reversal or consolidation type.Sometimes the breaking of the major trendline coincides with the completion of the price pattern.
The minimum requirement for a triangle is four reversal points. Remember that it always takes two points to draw a trendline.
The moving average is a follower, not a leader. It never anticipates; it only reacts. The moving average follows a market and tells us that a trend has begun, but only after the fact.
Shorter term averages are more sensitive to the price action, whereas longer range averages are less sensitive.In certain types of markets, it is more advantageous to use a shorter average and, at other times, a longer and less sensitive average proves more useful.
When the closing price moves above the moving average, a buy signal is generated. A sell signal is given when prices move below the moving average.
A buying signal on a two-moving average combination occurs when the shorter term of two consecutive averages intersects the longer one upward. A selling signal occurs when the reverse happens, and the longer of two consecutive averages intersects the shorter one downward.
Shorter average generates more false signals, it has the advantage of giving trend signals earlier in the move. The trick is to find the average that is sensitive enough to generate early signals, but insensitive enough to avoid most of the random "noise".
Cutting losses is painful for every trader. The ability to cut one's losses in time is the sign of a seasoned trader.
A channel breakout suggests a target for the currency price equal to the width of the channel.
Long term charts provide important information regarding long-terms or cycles. The trader can get a correct perspective regarding the real direction of the market in the long run, the strength or direction of the current trend occurring within that trend, or the possibility of a breakout from the long-term trend.
Common Points All Of Reversal Patterms
- The first signal of an impending trend reversal is often the breaking of an important trendline
- The larger the pattern,the greater the subsequent move
- Topping patterns are usually shorter in duration and more volatile than bottoms
- Bottoms usually have smaller price ranges and take longer to build
The head-and-shoulders formation is confirmed only when the completion of the three rallies and their reversals is followed by a breach of the neckline. The failure of the price to break through the neckline on closing prices basis puts on hold or negates the validity of the formation.
The double-top formation is confirmed only when the full completion of the two rallies and their respective reversals is followed by a breach of the neckline (the closing price is outside the neckline). The failure of the price to break through the neckline puts on hold or negates the validity of the formation.
The flag formation is a reliable chart pattern that provides two vital signals: direction and price objective. This formation consists of a brief consolidation period within a solid and steep upward trend or downward trend. The consolidation itself tends to be sloped in the opposite direction from the slope of the original trend, or simply flat.
A Breakaway gap provides the direction of the market.
The runaway or measurement gap provides the direction of the market. This gap confirms the health and velocity of the trend.
The runaway or measurement gap is the only type of gap that provides a price objective. The price objective is the previous length of the trend, measured from the runaway gap, in the same direction as the original trend.
The exhaustion gap provides the direction of the market.
Near the beginning of important moves, oscillator analysis isn't that helpful and can be misleading. Toward the end of market moves, however, oscillators become extremely valuable.
When the oscillator reaches an extreme value in either the upper or lower end of the band, this suggest that the current price move have gone too far too fast and is due for a correction of some type.
The oscillator is most useful when its value reaches an extreme reading near the upper or lower end of its boundaries. The market is said to be overbought when it is near the upper extreme and oversold when it is near the lower extreme. This warns that the price trend is overextended and vulnerable.
A divergence between the oscillator and the price action when the oscillator is in an extreme position is usually an important warning.
Oscillator - the crossing of the zero line can give important trading signals in the direction of the price trend.
Because of the way it is constructed, the momentum line is always a step ahead of the price movement. It leads the advance or decline in prices, then levels off while the current price trend is still in effect. It then begins to move in the opposite direction as prices begin to level off.
RSI is plotted on a vertical scale of 0 to 100. Movements above 70 are considered overbought, while an oversold condition would be a move under 30. Because of shifting that takes place in bull and bear markets, the 80 level usually becomes the overbought level in bull markets and the 20 level the oversold level in bear markets.
The first move of RSI into the overbought or oversold region is usually just a warning. The signal to pay close attention to is the second move by the oscillator into the danger zone. If the second move fails to confirm the price move into new highs or new lows, a possible divergence exists. At that point, some defensive action can be taken to protect existing positions. If the oscillator moves in the opposite direction, breaking a previous high or low, then a divergence or failure swing is confirmed.
Stochastics simply measures, on a percentage basis of 0 to 100, where the closing price is in relation to the total price range for a selected time period. A very high reading (over 80) would put the closing price near the top of the range, while a low reading (under 20) near the bottom of the range.
One way to combine daily and weekly stochastics is to use weekly signals to determine market direction and daily signals for timing(it depends from the type of the trader). It's also a good idea to combine stochastics with RSI.
Most oscillator buy signals work best in uptrends and oscillator sell signals are most profitables in downtrends. The place to start your market analysis is always by determining the general trend of the market. Oscillators can then be used to help time market entry.
Give less attention to the oscillators in the early stages of an important move, but pay close attention to its signals as the move reaches maturity.
The best way to combine technical indicators is use weekly signals to determine market direction and the daily signals to fine-tune entry and exit points. A daily signal is followed only when it agrees with the weekly signal (daily-weekly, 4 hour-daily, 4 hour-1 hour).
The failure of prices to react to bullish news in an overbought area is a clear warning that a turn may be near. The failure of prices in an oversold area to react to bearish news can be taken as a warning that all the bad news has been fully discounted in the current low price. Any bullish news will push prices higher.
-Elliot Wave Theory- A complete bull market cycle is made up of eight waves, five up waves followed by three down waves.
-Elliot Wave Theory- A trend divides into five waves in the direction of the longer trend.
-Elliot Wave Theory- Corrections always take place in three waves.
-Elliot Wave Theory- Waves can be expanded into longer waves and subdivided into shorter waves.
-Elliot Wave Theory- Sometimes one of the impulse waves extends. The other two should then be equal in time and magnitude.
-Elliot Wave Theory- The Finobacci sequence is the mathematical basis of the Elliot Wave Theory.
-Elliot Wave Theory- The number of waves follows the Finobacci sequence.
-Elliot Wave Theory- Finobacci ratios and retracements are used to determine price objectives. The most common retracements are 62%, 50% and 38%.
-Elliot Wave Theory- Bear markets should not fall below the bottom of the previous fourth wave.
-Elliot Wave Theory- Wave 4 should not overlap wave 1.
Support and resistance are the most effective chart tools to use for entry and exit points. For purposes of placing stop loss, support and resistance levels are most valuable.
One of the commodities most effected by the dollar is the gold market. The prices of gold and the U.S. dollar usually trend in opposite directions.
The Yen is sensitive to changes in the price or structure of the raw material markets.
The commodity-producing countries (Canada, Australia, N. Zealand ) are more dependent on Japan than the other way around.
The Yen is sensitive to the fortunes of the Nikkei index, the Japanese stock market and the real estate market.
The majority of the pound transactions take place in London with a volume decreasing significantly in the U.S. market, and slowing down to a trickle in Asia. Therefore, in the New York market, many banks have to stop quoting the pound at noon.
Swiss Franc has a very close economic relationship with Germany, and thus to the euro zone.
The major markets are London, with 32 percent of the market,New York with 18 percent and Tokyo with 8 percent. Singapore follows with 7 percent, Germany has 5 percent and Switzerland, France and Hong Kong have 4 percent each.
Don't use the markets to feed your need for excitement.
Don't be too greedy or too cautious.

by AKFOREX

http://www.akForex.com

E-mail:info@akforex.com

The Importance of Volume in Day Trading

2008-06-14T02:30:00.003-07:00

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The Importance of Volume in Day Trading

by Caterina Christakos

When day trading we want to look at alot of indicators but the main one you should look for is volume. Volume tells me when the big boys are buying and selling. The best way to make a profit on the way up, with a call option, or on the way down, with a put option, is by riding their coat tails.

When deciding which stock options to trade, look for stocks that have a high degree of fluxuation and alot of volume behind them. Look for stocks over $100 because when they tend to move, they move in a big way.

If you are buying an in the money or at the money call or put, it will give you a very nice profit for each $1 the stock moves, if it moves in the direction that you invested in. You get a dollar for dollar move when your option is in the money.

Also look at the volume then compare it with the Williamâs Accumulation distribution signals and the Williams % R. If all three are moving in the same direction it is a strong signal to buy the option and ride it out for the profits. This is not a 100% accurate strategy but it will give you much more consistant returns.

To prevent catastrophic losses, always have an exit strategy. Determine the percentage that you are willing to lose, if the market turns suddenly and have that stop loss in place.

Most of all remember that there is no exact science to profiting from the market. Your best course of action is a consistant one.

1)Pick a stock or option trading system and stick with it.

2) Know before you place your orders, exactly how and when
you will get out, either way.

About The Author:

Caterina Christakos is the founder of daytradingonlineclasses.com. For free tips on how to day trade even more profitably go to: http://www.daytradingonlineclasses.com

Article Source: http://www.articlealley.com

E Currency Exchange: If Forest Gump was Here, This is What He Would be Doing

2008-06-14T02:30:00.001-07:00

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E Currency Exchange: If Forest Gump was Here, This is What He Would be Doing

by Charles Cruz

So you want to learn currency exchange huh?

You heard about it and now you decided you want to become the Donald Trump of investing, somehow you know you can pull this off and become the next big thing.

Well it's quite possible to earn a very good living doing exchanges, but you have to know how the system works before you start seeing the money.

One system that is one of the internet's best kept gems is E-Currency Exchange. The money that is being moved through the internet in every single daily purchase needs to be backed up in gold. This is were you come in.

When you invest your money in e currency exchange your money acts as a backup or insurance that the money being exchanged has real physical money. This transactions are happening everyday, and when you provide that backup you earn a percentage proporcional to the amount you are investing.

E-currency exchange has been around for a few years but it hasn't been until recently people are starting to catch up to the beauty of this system. Is actually a very safe way to generate an income once you understand how to work the system to your advantage.

You can actually see how much money you're going to make even before start your transaction. These transactions are also called 24 hour periods. You generate around 1.5% to 4% of daily interests for your money. At first that may not sound that impressive but that is daily compounded interest, so if you were to leave your money working for you and check back in a month an a half, you would find that it has doubled. That is the beauty of currency exchange.

Another great thing about this system is that, like anyone who is generating a nice income doing this can tell you, it requires no more than an hour a day to manage once youâre setup. This means more time for lifestyle and living the way it should be lived.

I highly recommend anyone who is serious about investing to learn how to work this system. There are two ways: The easy way and the "do it yourself" way. I recommend to take the first one. Learn how the system works from a e currency exchange professional and you could make some money within two days. There are even some really good programs were everything is through video and all you do is watch and do what you see.

Charles Cruz CEO of Currency Exchange Center (http://www.currencyexchange-center.com).

Teaching you how to set your income on fire with E-Currency Exchange.

All the Truth Around E Currency Exchange Trading

2008-06-14T02:29:00.001-07:00

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All the Truth Around E Currency Exchange Trading

by Charles Cruz

You keep on listening about this profit pulling business that requires no marketing or selling, merely an hour a day (at the most) and no special skill.

Yeah right!

At least that's the 1st perspective it gives any person that has been in the internet for some time.

But Let's get more into detail about E Currency Exchange.

How about being able to provide the flow of capital for "Internet Money" thus it may be applied as a backup or "real cash"?

You can generate as much as 1.5% to 4% in daily interests for you investment for suppling E-Currency Exchange. My interest peaked. Anybody can yield coumponded interest for a starting investment starting from 50 dollars.

Based on your personal story, it could be a little hard to believe that You and I can start with $50 and turn them into $400 in as little as 45 days. I'm 21 years old and it isn't something I'm used to hearing. You're really setting up your cashflow to function. I can now say it happens. And it requires no special skill. After all, your cash is the one doing all the hard work.

There is a tough part, of course. It's a somewhat complex business to know at first. In fact it can become overwhelming in case you don't perfectly know what in God's name you're doing. Start an account here, a second one there, find some stuff here purchase some stuff there. You could go kookie tackling how to learn it by yourself.

I was lucky enough to get it the easygoing way. If anyone guides you bit by bit, with a visual simulacrum of how he manipulates the system Every-Step-Of-the-Way then it becomes much easier,

"do this, Start this account, and then Open up this other account, put your money here, move it here, and watch how it boosts"

After anyone guides you by the hand like that and prepares you, it just becomes very simple. What is required is that you view the first video, then follow the instructions. Watch the next one, then do what you just saw. Watch the next video and... well you get the point.

An amazing detail about E-Currencies is that every person on the planet doing this system does the same thing to generate an income. We all do the same thing, so it's something reproducible. If you're headed at this direction, if you're interested in learning just about everything on E Currency, I have to advice you invest in the shortest path and learn the proven formula instead of tackling to figuring out without any help.

Educate yourself, read as much as you can about it, if you can afford it, buy a course, if not, read in investment forums and learn this system from the people that are already making money from it.

I've writen detailed reviews for the best courses about e-currencies, visit my site (http://www.currencytrading-center.com) for the inside scoop on how to Invest in DXInone

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2008-06-12T16:01:00.001-07:00

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What is an Online Forex Trading?

2008-06-11T05:07:00.004-07:00

Sennheiser HD 202 Headphones

by Sennheiser

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What is an Online Forex Trading?

by Arturo Ronzon

For-ex stands for Foreign Exchange; it is a global market for dealing currencies at floating exchange rates. The foreign exchange is worldâs biggest currency market, on an average everyday dollar one to two trillion is traded in the foreign exchange. The trade is mostly done over the internet and telephone lines. Online forex trading is a fast, safe and easy mode of investing. It offers huge returns like twenty to thirty percent every month, yes unbelievable but truth, however thatâs only in some cases and you need a lot of experience to be able to extract that amount of interest!

There is no fixed centre for the trade so all the trade is done over telephone, internet and fax. The foreign exchange trade witnessed a massive boom only after online forex trading systems were introduced, internet and telephone has helped the trade grow from $70 billion a day in the 80s to around $1.5 trillion to $2 trillion today.

The currency market is made up of around five thousand institutions most of which are international banks, central government banks, commercial companies as well as big brokers and all these are connected with each other and do business on the go through online forex trading system. The major centers for online forex trading are New York, Frankfurt, London, Paris, Tokyo, Hong Kong, Bombay among others, and all these centers also communicate and deal through online forex trading. The benefits of online forex trading are listed below:

- Currency market never sleeps: online forex trading allows you to keep track and deal from anywhere at anytime.
- Mini accounts: some websites offer mini accounts that allow you to get started with as less as $200.
- No Commission! â" Online forex trading is commission free, thereâs no exchange or hidden fee either. Your broker earns from the spreads.
- Instant: itâs instant unlike offline trade which may involve paperwork.

The nature of the market is such that risk comes inherent and can not be separated but risk can be minimized if you are trading at the right point of time and the right point of time can be anytime only online forex trading allows you to be there at the right time as all other methods as explained above are slow and usually take up a lot of time in processing.

Want to learn more about Online Forex Trading?, feel free to visit us at: Forex Trading Resources

Article Source: http://www.articlealley.com

Link Exchange For The Wise

2008-06-11T05:07:00.002-07:00

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Sennheiser PX 100 Collapsible Headphones

by Sennheiser

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Link Exchange For The Wise

by Alec Tang

Even though some people claiming that PR has no more influence on getting lots of traffic for your website, it is still important to have high pagerank. At least, we know Google still updates it often, every three or four months. So what is pagerank based on? The answer is the quality of inbound links going into your website. The following methods ensure you to have good and higher pagerank in the future.

- When doing link exchange, never ever link to or even submit your link to what is called link farm or self added link directory. These link farms normally do not approve websties and categorize links into related contents. This extremely hurts your website quality in the view of spiders. Unless the link submission is to be moderated, donât even bother submitting it.

- Try exchanging link with good partners. Sometimes when someone ask for link exchange, try not just look at their pagerank. It is possible that the websiteâs pagerank is not yet updated but the website itself has been indexed in a lot of directories. If this is true, its pagerank will be on the fly within 2 or 3 months. Thus, always look further and wider. In addition, try to analyze the website internal search engine saturation. Meaning, how many pages have been indexed. If it has 2000 pages but only 80 pages get indexed, this is a real bad partner, donât bother. However, if it has 100 pages and already has 80 pages get indexed, what are you still waiting for?

- Building link partners with related content. This is one way to boost your pagerank. Try always exchange with partners that have less outbound links. A partner that has 200 outbound links is not a good partner. You can try search your own targetted keyword in the search engine and visit the top 30 websites indexed. See which of these are allowed for link exchange. Usually, these websites already have certain amount of pagerank and quality traffic.

Alec Tang is the webmaster of the Seo Study, which is one of the leading blog writing search engine optimization articles, news and tools reviews online. He has been successfully optimizing websites to get top rankings for 2 years. Contact info@seo-study.com for more information.

Article Source: http://www.articlealley.com

Start Learning About FOREX!

2008-06-11T05:07:00.000-07:00

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Linksys-Cisco WRT54GL Wireless-G Broadband Router (Compatible with Linux)

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Start Learning About FOREX!

by Carrie McLain

More and more people are beginning to hear about FOREX trading. FOREX stands for FOreign Currency EXchange Market. It was once available only to the large banks, multinational corporations, governments,and other financial markets and institutions; however it was de-regulated in 1997, and now anyone may participate. Many with experience in stocks and/or commodities trading who have then discovered FOREX, prefer it for its many advantages over stock and commodity trading. Many who have never invested before are also now successfully trading the FOREX market.

The FOREX market is open 24 hours a day, except weekends, so you can participate whenever you have time. Trading is now done online and transactions are almost instantaneous. The FOREX market offers 100:1 leverage, so you can control large amounts of money on the market while using much less of your own money. You can start with a mini-account for as little as $300, and with a strategy, steadily build your account and confidence, until you can open a regular account. You can grow that $300 seed to substantially more money in 6 months with the right application of sound strategy. And, you can set the level of risk you're willing to accept; and you can do this with very minimal risk.

FOREX is the world's largest, most liquid trading market. It is the best trending market, moving in the same direction (up or down) over 78% of the time, and you can learn to profit on either trend. Technical analysis works very well in this market, and there are many tools that aid in this. Because most FOREX trading is focused on 7 major currencies, you have much less to learn than when trading stocks or commodities. Of course you'll want to learn as much as you can about FOREX, but this can be done to your satisfaction much sooner than you might think. There are many training courses and also lots of free information available on this subject. FOREX trading is fun and challenging, and FOREX is quickly becoming one of the investing world's hottest, most rewarding opportunities. Learn more about FOREX, and take your wealth development into your own hands if you want to accumulate real wealth!

To learn more and to receive your FREE copy of a valuable e-report, please join me at http://www.fxpowermethod.com

Forex Trading Vurses Other Investments

2008-06-11T05:06:00.008-07:00

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Nikon SB-600 Speedlight Flash for Nikon Digital SLR Cameras

by Nikon

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Forex Trading Vurses Other Investments

by Alan Linde

The forex market involves the trading of currencies and is the largest financial market in the world with an estimated daily turnover of $1.5 trillon dollars. This is 30 times larger than all the US stock markets combined. The forex market is open 24 hours a day 5 days a week.

Historically, the FX market was available mainly to major banks, multi-national corporations, and other wealthy participants who traded in large transaction sizes. Now, however, with the advent of the Internet and new technology, forex trading is becoming an increasingly popular investment alternative for the general public.

More and more investors are moving away from the traditional markets and turning to forex trading for many reasons.:

Earn a full time income from a part-time effort starting with as little as $300 in your account. Begin with a demo account until you feel comfortable opening a live account

Lower margin requirements for trading forex, usually about 1% which equal $1000 for a $100,000 contract. Compare this to the 50% margin requirements in the stock market.

No commissionâ"when you trade stocks or commodities you have to pay brokerage fees. For a forex trader, the spread is the only cost needed to cover.

Limited risk and guaranteed stops- when you trade stocks and commodities, your risk can be unlimited. With the forex market, stops are filled more easily- it is impossible to lose more than the amount of money in the forex account.

Because of the forex markets liquidity and 24 hour continuous trading, dangerous trading gaps and limit moves are eliminated. Orders are executed quickly without slippage.

Because the market is so huge, there is no possibility of someone controlling the market price, unlike the stock market which can involve insider trading.

Trading currencies is much simpler than stocks. There are only a few major currency pairs unlike thousands of stocks to analyze.

There are great opportunities in the forex market to make profits both when the prices go up or down.

Do you want to achieve financial freedom working from anywhere in the world with simply a computer and an Internet connection? Start to trade Forex today!!!!!

For more information on Forex trading and a Free Course âForex Freedomâ go to http://www.bestfxtradingcourse.com

Alan Linde is an up and coming forex trader currently working with a group in Las Vegas, Nevada which designs web sites.

Understanding the Forex Trading System

2008-06-11T05:06:00.006-07:00

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SanDisk 8 GB Cruzer Micro USB 2.0 Drive with U3 SDCZ6-8192-A11 (retail packaging)

by SanDisk

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Understanding the Forex Trading System

by Arturo Ronzon

The forex trading system involves buying and selling foreign currencies, it is the biggest financial market in the world and on an average the trading ranges anywhere between united states dollar one and a half trillion to two trillion everyday. Trading goes on round the clock on all working days throughout the globe. If you plan to explore investing options in the forex trading system you must have at least a grand or a couple of grands however websites nowadays offer startup plans for as low as $200 as well.

Unlike the stock market there is no fixed market for the forex trading system. A good and effective forex trading system allows the traders to transact easily and provide more chances to increase the earnings. Forex, short for foreign exchange market, is just like any other market place, but here, currency of one country is sold for another countryâs currency for some profit. Currencies are always traded in pares, some hot pairs are, USD (United States Dollar) and Japanese Yen or US Dollar and Euro.

Foreign exchange tradings are a great money making opportunity for those who know their way around, for newbie itâs a dream world where they either fall hard, sail well or fly high, its not easy to be a successful trader in the forex trading system., itâs a mix of luck and experience that must work to find success. There are a lot of companies and individuals over the internet and offline willing to help you earn money from the forex trading system but only a handful of these are true and can actually help.

Nowadays most of the calculations are done by easy to use software that need minimum input from the user. You will need help initially, and may take some time for you to get to know the forex trading system. The high degree off leverage can sweep you either way, in the forex trading system one has to assess the risk for self, think of the chance one may have individually or with the help of a broker and/ or signal provider one may have and the amount which one can safely risk without putting yourself into financial trouble. Itâs a law of nature, where thereâs potential to earn thereâ potential to loose so just be prepared before you dive in.

Source: http://www.webtradingsystem.com

Forex2u Forex Strategy On Successful Forex Trading

2008-06-11T05:06:00.004-07:00

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Canon Pixma MP610 Photo All-On-One Inkjet Printer (2180B002)

by Canon

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Forex2u Forex Strategy On Successful Forex Trading

by Alvin Han

The essence of the FX2u Forex strategy is that it does not have any Forex trading system but could forecast the market trend accurately.

Every set of Forex trading system available has its disadvantages. The market trend could not be forecasted. If the market could be forecasted, by depending on the RSI, PAR, MOM analysis techniques and some other theories, Forex traders could easily make a fortune.

Many Forex traders could not obtain the anticipated outcome by using these analysis tools, and suffer huge losses. The main reason is relying on some imperfect tools to forecast the unpredictable market trend is just a waste of effort. Therefore the FX2u Forex strategy spirit is to abolish the entire subjective analysis tool.

To survive in the market is to follow the market trend, following the market trend is the essence of the FX2u Forex strategy. By using the opposite theory to enter the market, will only lead to lost. The reason is that if the market rises, it may continue to rise. If the market drops, it may continue to drop. No one is able to forecast when the market trend will stop.

By following the market trend, the market risk could be reduce to the lowest, the FX2u Forex strategy will advance the following the ten principles:

fully understand the how market function and the market trend, else donât trade

After entering the market, the Forex trader MUST immediately put a market stop.

If the stop order has been hit it MUST be executed immediately, NEVER make changes by lowering the stop order price.

If the forecast is wrong, Forex traders should leave the market immediately, then analyze again.

If the forecast is wrong, Forex traders should stop loss and should not increase trading.

Forex traders should admit mistakes, do not continuously make mistakes.

All analysis tools are imperfect, mistakes could always occur.

If the market rises Forex traders should buy, if the market drops Forex traders should sell, always follow the market trend.

Forex traders should not forecast the market price because such forecast will not be as easy as forecasting the market trend.

If the forecast is wrong, once the loss reach 10%, Forex traders must stop loss immediately, do not let it surpasses 10%, otherwise it would be difficult to recoup the capital again.

Alvin Han is the editor of
http://www.forex2u.com; http://www.forex2u.com/fx2u-forex-strategy.html

An Overview Of Forex Trading

2008-06-11T05:06:00.002-07:00

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Linksys CIT400 Dual-Mode Internet Telephony Kit with Integrated Skype

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An Overview Of Forex Trading

by Bob Benson

Forex, is an exchange that allows investors to trade national currencies through the foreign exchange. This is the worlds largest market for currency, based on the Dollar, anywhere between 1 â" 2 TRILLION dollars are traded upon this market on a daily basis. This type of trade is typically performed online or on the telephone. By taking advantage of the world wide web, you are enabling yourself to make your investments in a reliable, easy, safe and fast way.

Some investors are able to enjoy returns of around thirty percent on a monthly basis, this takes a great deal of experience to gain this type of enormous return on your investment. The Forex market does not have one specific place of trade like many of the other markets do, for this reason alone is why most of the trade is performed by internet, fax, or telephone. In the beginning for currency trade was not all that popular, they were bringing in only about seventy billion dollars on a daily basis, with the invention of Forex, that number grew massively.

Of course, the currencies do not only deal with the American dollar, these currencies can be translated to over 5,000 currency institutions world wide, which include, commercial companies, large brokers, international banks, and government banks. Many major countries have forex trading centers such as, Frankfurt, London, New York, Paris, Hong Kong, Tokyo, and Bombay to name a few.

When trading online there are many benefits such as, the ability to trade or track your investments at anytime day or night, from anywhere within the world that offers an internet connection. Another added benefit, is that some online exchange sites allow you to start with a small investment, known as a mini account, some with as little as two-hundred dollars. With online trading, the trade is instant. When you trade offline you have to deal with paperwork, with online trading there is no paper work involved.

The world of the internet, has allow us to do many things with just a click of a button, where else can you bank, trade, talk to your family and friends, research your investments and earn money all at the same time? Make the internet work in your best interest by implementing online trading into your portfolio. Thereâs a whole world of money waiting for you to earn with your online investments, and itâs all available at the click of your mouse button.

Jeff Lakie is a contributing author at our website where
You can get a free
Secured Loans Quote right now.

Article Source: http://www.articlealley.com

Profitable Trading System

2008-06-11T05:06:00.000-07:00

Zune 80 GB Digital Media Player Black (2nd Generation)

by Zune

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Profitable Trading System

by Azouz Gmach

After you have found a profitable trading system that you already back-tested, how can you be sure that this system will produce the same gains in future.
Nobody can predict the future, your system can easily make losses in next years or can be no tradable.
There are some tests you must do before accepting a trading system, these tests swill show the robustness of your system and when passing these tests, it will be more likely to show gain in future.

Test 1 : Make sure that you put liquidity rule, that your entry and exit prices are realizable.

Test 2: Examine again your trading systems and your rules (This is very important).
I made dozen of trading systems that showed great results but after more examination, it showed that i cannot follow them in real life.
Check if there is one stock that made very big gain, the system will maybe become no profitable without this stock.

Test 3: Change twice or 3 times the date of begin for the simulation, if it still show good results then it has passed the test 3.

Test 4: Change values of some parameters or variables you have in your trading system rules, you must change one value and then back-test, change another and then back-test...
If the results are not affected very badly then it passed the test 4.

Test 5: Try to restrict the system from buying 20% or more of stocks you previously bought when doing the back-test. Then re-run the back-test. To pass this test, system must show pretty the same results as before.

Test 6: Equity chart must have a good look, check some statistic values like sharpe ratio, sortino ratio, standard deviation, maximum drawdown, average day for gains recovery...
It depends on the risk you are willing to take but choose only systems that have : higher sharpe ratio, higher sortino ratio, lower standard deviation, lower maximum drawdown...
Exclude systems that have very big max drawdown, standard deviation and average day for gains recovery.
The must important factor i think is average day for gains recovery.
Its the average number of day that you must wait until your equity value will goes back to the same level before the drawdown happen.
Big values will let you wait for long times before recovering gains and for sure many traders will abandon their trading system, and that's the worse thing that can happen to a trader because just after that, the system will show excellent results. (That's always happen)

Theses tests are very restrictive and you will reject maybe all your trading systems, but when trading you will put your money, real money, so i think you must be very selective to make all chance in your side.

Azouz
Trading Systems Blog

Article Source: http://www.articlealley.com

Learn Forex Trading - a Guide for Beginners

2008-06-11T05:05:00.015-07:00

Cables To Go - 19003 - 1M USB A Male to A Female Extension Cable (White)

by Cables To Go

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Learn Forex Trading - a Guide for Beginners

by Brian Kolewe

One can learn forex trading as easily as one would like to learn other subjects or train in other professions. The criteria for learning forex trading is an analytical / logical bent of mind and some number crunching abilities. Reading specialized books on the subject matter, enrolling for college and other programs, which specifically teach one to do forex dealing, one can understand Forex trading. Still other ways are through the Internet and training under a forex dealer / professional. Essentially the forex market comprises of currencies, which are bought and sold according to certain parameters.

There are major currencies in the market, which are trade and are the most liquid. These are US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. Then there are other currencies, which are not so liquid. However currency trade is done in almost all currencies across the world. The forex market is truly a twenty-four market with only a minor break during the weekend. It opens in Sydney, then in Tokyo and then in London and New York in that order according to the way that the Earth rotates and the sun rises. Therefore forex brokers and investors can choose their time of operation.

Essentially it's a matter of selling and buying the currencies. The goal is very simple, that of making a profit in the currency transactions that you participate in. The currency market operates like most other markets and therefore for many traders 'migrating ' form other trades such as stock market can be quite simple.

Essentially one can learn forex transactions by creating a virtual account. The first lesson is that currency trade is done in pairs only like Euros / US$, Japanese Yen/ Canadian Dollars etc. When you have set up a virtual account with the amount of initial investment, keep the following pointers in mind

Â· According to your investment strategy and time frame, choose the currency pair best suited to your needs. Some currency pairs can be very aggressive and the changes can be quite volatile. While others may not show any movement. Therefore choose the currency pair with care.

Â· Decide the time frame. Do you want to spend a few minutes on the forex trade or you want to go the whole hog and devote the entire week to the forex trade (swing trade)

Â· Have an exit plan ready before you start the currency transactions. Know when to place your 'stops' and do so accordingly.

Â· No risk no gain. Be willing to take risk. You can take calculated risks in order to earn good profits. Know whether you want to be an aggressive trader or are you happy being a safe trader.

Â· Read and analyze the news and the technical data that is generated on the currencies that you deal in to understand the market conditions better.

Of course you can grasp the modus operandi of the forex trade. But for doing the real thing, you need to be in the forex transaction market for real.

One can learn forex trading as easily as one would like to learn other subjects or train in other professions. For in depth information visit

http://www.forex-made-easy.biz/learn-forex-trading.html

Online Forex Trading

2008-06-11T05:05:00.013-07:00

Samsung LN40A650 40-inch 1080p 120Hz LCD HDTV with RED Touch of Color

by Samsung

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Online Forex Trading

by Bob Hett

Do you know what Forex trading is? Some people have heard of this type of trading, others have not. If you havenât, it might be something you are interested in trying. Forex trading stands for foreign exchange trading. What it consists of is the buying and selling of different currencies. This is done simultaneously, and there are people who make a lot of money with this kind of trading. This is apparent by the 1.9 million dollar turnover in this market that happens every day. Also a lot of it is done online. Online Forex trading is very popular.

The most common currencies to trade are the Euro and the U.S. dollar, and the U.S. dollar and the Japanese Yen. However, nearly all of the Forex trading done involves the major currencies of the world. These include the Euro, Japanese Yen, U.S. dollar, Canadian dollar, British Pound, Australian dollar, and the Swiss franc. The Forex exchange is different from other exchanges, such as the New York Stock Exchange, in that it does not have a physical location or central exchange. The exchange day begins in Sydney, then moves to Tokyo, on to London, and finally ends in New York. Each country takes the responsibility of regulating the Forex exchange activities in their own country. So there is no overall regulatory agency. However, this does not seem to be a problem and most countries do very well at overseeing Forex exchange activities.

There are a lot of things that influence the Forex rate. For instance, economic things, like interest rates and inflation, and also political things, such as political unrest in other countries and major changes in government cause up and down changes in the Forex rate. However, these things tend to be short-term, and donât affect it for long.

Online Forex trading sites are easy to find by surfing the Internet. Most of them provide a wealth of information for the first time trader. You can find out about the history of Forex trading, how to co it, tips on being successful, etc. You can also start trading with as little as $250 in your account on some sites. For anyone who is interested in currency or trading, it is something you should check out.

As with any type of trading, there are no guarantees that you will make money or that you wonât make money. It is a smart choice to learn as much as you can about online Forex trading before investing any money and doing any trading. It is a fact that informed investors do better than those who donât know much about what they are trading. So get the fact before you dive in. You might just make a little money in a very interesting currency exchange.

Bob Hett offers great tips and advice regarding all aspects concerning Forex Trading. Get the information you are seeking now by visiting http://www.forexinformation.info

Are You Prepared to Currency Trade?

2008-06-11T05:05:00.011-07:00

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by Case Logic

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Are You Prepared to Currency Trade?

by Amelie Gam

Currency trading is the most popular way to earn to money and it is without doubt a very profitable market. However few are familiar with its unpleasant intricacies and most ignore a very important aspect: risk. It is not enough only to be given the chance to invest your money successfully, you have to be careful because Currency trading can be an efficient trading system or it can ruin you. Why is Currency trading risky?

- Currency trading is very unstable. It is the subject of rapid and overwhelming changes. The market is volatile and it is influenced by political events.

- One can loose at any time especially when he has just ventured into Currency trading. Experience, information and attention are necessary.

- Some unexpectedly loose the Risk Capital which sometimes consists of College money, the retirement funds or some other substantial sum that shouldnât have been considered as Currency trading capital in the first place.

- Fluctuations in currency prices, discrepancies between interest rates in two different countries, insolvency of financial institutions that take part in transactions and limited flow of exotic currencies will most likely lead to loss.

- Large profits and minimal losses are impossible to predict with 100% certainty.

- The Currency trading market has great winning potential, but it also has loss potential.

- Misinformation and the emotional baggage are most of the time cause of loss. Use facts, not hope or fear, when Currency trading.

- Sometimes trends can lead to money loss.

- Huge leverage is available to traders. This leads to dangerous positions that risk too much in comparison with the size of the account.

- Lacks of money management and of back testing plans are the mistakes that currency traders make sometimes.

- Using brokers is sometimes inefficient because this counterpart can refuse to trade during volatile market conditions affecting the retail trader. They can even widen spreads. However it is recommended to collaborate with a broker, because he can deal in the interbank market and he surely knows more about Currency trading making it safer from other points of view.

- Scams were very common years ago when dealing with a broker. However, one can be confident with the person he is working with by checking their background and the Institutions he is associated with (large banks, important insurance companies).

Donât be frightened! It isnât all about risks. And donât start trading in fear! You will loose this way. You just have to keep in mind all possibilities and avoid unwanted situations only you can get yourself into. All Currency traders have to be very well informed about their activity. They have to know technical analysis and how to read and interpret charts, they have to develop effective strategies and minimize risk. The financial exposure has to be limited and this can be done in many ways available to currency traders who inform themselves.

So, educate yourself, be prudent, take risks only when you can handle loss and always be prepared for anything. And have this in mind: If Currency trading isnât profitable then why are so many financial investors, banks, international institutions and important players that obtain huge amounts of cash by simply turning their own money into other currencies?

Amelie Mag is an Internet writer for Forex Trading Plus. For more information about trading currencies visit http://www.forextradingplus.com or email at info@forextradingplus.com

Others Vs Forex Trading

2008-06-11T05:05:00.009-07:00

Samsung LN52A550 52-inch 1080p LCD HDTV

by Samsung

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Others Vs Forex Trading

by Bill Boyd

What are the advantages of Forex over other types of investments?

LOW RISK - HIGH YIELD is the first thing that comes to mind. Forex Trading can be risky and the general rule for investing is: When the return is high the risk is high, but with correct planning and strategy combined with a certain amount of self discipline you can bring the risk factor down to a level that is quite low. It is even possible to strategically plan your market entry and exit levels and control exactly how much you profit or lose. This can be done in a way that allows the investor to still profit even when they misjudge the market 50% of the time! Compare that to other types of investments.

GEARING, is another area that stands out as a major advantage; this also substantially reduces the risk to you the investor. When you trade 1 forex âMini lotâ you will be trading a parcel of money valued at $10,000 USD And you only need $100 USD of your own money! If you trade a regular âLotâ you only need $1,000 USD to trade $100,000 USD. Howâs that for gearing? Try and do that with other kinds of investments!

LOW CAPITAL REQUIRED, many investments require a substantial amount of capital before you can take advantage of a particular investment opportunity, with Forex You only need $300 USD to âget into the marketâ, and only need to have $100 USD in order to trade your $10,000 âMini Lotâ.

CONVIENIENCE, if you have a laptop and an internet connection you can make a trade in 5- 10 minutes! Depending on how long your computer takes to start up, and the speed of your connection.

LIQUIDITY, many other forms of investing require tying your money up for long periods of time, and if you need to use the capital it can be difficult or impossible to access to it without taking a huge loss (Real Estate). Not so with Forex trading. With Forex Trading you have full control of your capital.

CAN PROFIT IN BULLISH OR BEARISH MARKETS, Stock market traders need stock prices to rise in order to take a profit, Real Estate prices must go up in order to make a capital gain. However, The Forex investor can make a profit in both situations, a rising or falling market.

The Forex Market is open 24 hrs a day.

Can anyone do it or do you need to be some kind of super genius? Forex Trading isnât for the faint hearted so be warned, while you can get yourself a âDemo Accountâ and practice as you learn in real time in the real market. You canât experience the emotions that come with putting your real money on the line.

You can however prepare yourself well by using one of the many Forex Trading courses that are available online today.

Bill Boyd is an investor and online marketer; go here to visit his site: http://www.fx-t.com

Forex Trading Success â Win More Than You Lose!

2008-06-11T05:05:00.007-07:00

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Belkin F8E449 Universal AC Travel Adapter

by Belkin

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Forex Trading Success â" Win More Than You Lose!

by Ashley McCracken

Simple equation, donât you think? Yet amazingly you hear that most traders, especially new traders, lose considerable amounts of money. Some, you might say, even lose the shirt off their back. Why? Well who knows the exact reasons? The fact remains, these traders lose more than they win. Now, you donât want to be one of these traders, do you?

Listen, I donât want to scare you away from Forex trading altogether. Forex is a fantastic vehicle for generating an income or generating large amounts of cash âon callâ. And, like any investment involving your money, there are risks involved. The key to trading Forex (foreign currency exchange) is to minimise these risks.

So how do I minimise my risk? Good question. Well, you can start by educating yourself on the FX market, doing your homework on FX techniques and equity management, and regularly practising what you learn. Then refine, and keep refining these techniques until you consistently make more money than you lose. A huge bonus with trading Forex (compared to say, trading traditional stocks) is that it can be practised online in a demo account, in real time. The demo account simulates real market activity, only you donât get to keep the profits (or wear the losses). What a marvellous way to learn! And once you master these FX trading techniques you can apply them to a live account, trading with real money, making real profits.

As a Forex trader there are many tools you need in your toolkit â" your bag of tricks. One of my favourites is applying good equity management. Live to trade another day! Simple but true, isnât it? Another way of saying this, is donât blow all your money on losing trades, or worse still, losing all your money on one trade. Donât laugh, this does happen. Trading on emotion, and/or trading without a good education, can be hazardous to your bank balance. By staying focused, remaining disciplined and knowing when to trade or not to trade can contribute to your overall success or failure. For example, when is enough, enough? You suffer two, three, four, five, six or more losing trades in a row in one trading session? When should you have stopped trading? Come on, be honest! Or would you still be trading saying, âMy luck/the market has to change soon?â What was it I said earlier, âLive to trade another day!â

Remember, all traders lose money! No one has a perfect 100% winning record. The difference between success and failure as a Forex trader is simply winning more than you lose. Iâll repeat this â" trading Forex successfully means you WIN more than you lose. To improve the odds in your favour, take action today. Get a good education and learn how to become the successful Forex trader you deserve to be. Forex profits are there for the taking. ARE YOU GETTING YOUR SHARE?

Thank you, good luck and here's to your Forex success! Ashley McCracken
This plus many other valuable insider tips, tricks and techniques are available at
http://www.moreforexprofits.com
Hurry, visit NOW to get your FREE eBook and FREE eCourse tutorials.

Discover An Effective Forex Trading System

2008-06-11T05:05:00.005-07:00

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Discover An Effective Forex Trading System

by Bob Hett

What is the importance of an effective Forex trading system? An effective system provides you the trader, incomparable prospects to increase your earnings. And why not?

The Forex market is the largest financial market in the world with average daily trading of the currencies going over US$1.6 trillion. One other thing, itâs the most liquid market there is, to trade in. Forex market or Foreign exchange market is the trading activity that refers to the synchronized buying of one currency, which is called the base currency while selling off a second currency, called the counter or quote currency. As youâve probably gathered, these currencies are traded in pairs. Some of the most popular pairs are US Dollar/Japanese Yen (USD/JPY) and the Euro/US Dollar (EUR/USD. This is done with the clear intent to profit from the appreciation of the e.g. U.S. Dollar. These three currencies together with the British Pound, Canadian Dollar, Australian Dollar and the Swiss Franc are the most popular currencies traded, accounting for nearly 70% of the trading done in the United States marketplace.

Why is there a need for an effective Forex trading system? One reason is because of the unique characteristics of the Forex trading market.

For one, Forex trading is conducted differently from the stock market or futures trading. There is no central physical location, where the transactions are conducted.

Another unique characteristic is a majority of the transactions are done over the telephone link ups or electronic exchanges, which makes this an over-the-counter or interbank market. This makes it ideal for the use of computers and technical analysis, to take advantage of profitable opportunities.

There are more chances to increase profits, because of the attractive pricing. Forex quotes are based on interbank prices regards of the transaction size.

Orders are effectively carried out, because orders are immediately confirmed on line or over the phone, youâll know the rate at which the order was executed.

Finally, the margin system is in your favor. With 2% of the absolute value of the interbank contracts, you can still trade in the largest marketplace, provided you are able to maintain the margin requirements.

With all the benefits and differences a Forex market has, what makes it crucial to for you to have an effective trading system in place?

As with all trading activities, trading foreign exchange carries a great risk. Youâll need to ascertain for yourself what these risks are. The high degree of leverage is a double edged sword; it can work for or against your benefit.

You should gauge the level of your knowledge and experience. Should you hire a financial advisor? Have you decided on the amount you are willing to risk and at what financial level you are willing to take losses?

For with the unlimited potential to earn, comes the possibility of great financial loss. There is no fool-proof Forex trading system.

Bob Hett offers great tips and advice regarding all aspects of Forex marketplace. Get the information you are seeking now by visiting http://www.forexinformation.info

To Be or Not to Be a Psychological Currency Trader?

2008-06-11T05:05:00.003-07:00

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To Be or Not to Be a Psychological Currency Trader?

by Amelie Gam

Currency trading, just like other trading fields, involves the risk of loss. This risk increases because of the traderâs psychological weaknesses. Human features make the difference between the successful and always loosing investor. Hereâs how to avoid making psychological mistakes while Currency trading.

There have been written many books about the psychological aspect of the trading business and Currency trading is no exception, even if the risk is diminished here. History, other peopleâs experience and impressive statistics have proven that more people loose, while trading, than win. Economic techniques, forecasting methods and communication technology have advanced over time, yet we still see there are no changes in the statistics: more losers than winners. This is due to the fact that human nature is the same and it is the one that we should pay more attention to.

The probability of becoming one of the many persons who act according to their feelings and loose the invested money soon after is very high if you do not pay attention to written facts:

- Human emotions have to be controlled!

- Donât act upon fear or hope! Fear of loss leads to it and so does hoping without basing your feelings on real facts. (You could be an expert in Currency trading and it wouldn't matter if you donât use this rule.)

- Exploit other peopleâs human emotions by learning from them. (people who are constant in their mistakes can not gain success and earn money)

- Be disciplined, make plans, follow strategies, apply mathematical and money management principles!

- Run only profitable trades and try to cut losses as fast as possible!

- Donât use rumors and advice unless you are certain of their authenticity and quality!

To be successful you have to think independently of the majority and stick out from the crowd. Just like in any trading field, these principles have to be followed in Currency trading also. Gaining money should be easy on the Forex Market, but not that easy because some have to win and some have to loose. Currency trading is much safer than other trading methods, but if you want to have an edge over other competitors than try to be wise and research first, study other peopleâs behavior and choose from them only the best. "When everybody thinks alike, everybody is likely to be wrong". (Gann)

Donât forget to use Currency trading tips and information because being a great psychologist isnât enough. You also have to know how and when to trade currencies, the latest news, the best moments to sell or buy currencies, get familiar with the appropriate terminology, banking procedures and the dos and donâts of this type of trading. Be prepared for anything! You have to learn that investment, and therefore Currency trading too, implies risk and you may or you may not win.

So the answer to the question in the title would be âYes, to know Currency trading and be a fine psychologist beats only knowing Currency trading!â

Amelie Gam is an Internet writer for Forex Trading Plus. For more information about Currency Trading visit http://www.forextradingplus.com and read about tips, news and terms or email at info@forextradingplus.com

Venture into Foreign Exchange Trading!

2008-06-11T05:05:00.001-07:00

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Venture into Foreign Exchange Trading!

by Al McKenzie

Hereâs the challenging question: WHAT CAN I DO thatâs profitable as a business? Hereâs a sound business philosophy: Produce value for yourself others by improving the quality of life. Hereâs a sound business goal: Have a lucrative Foreign Exchange (Forex) currency trading business online!

Forex - The buying of one currency and selling of another simultaneously
Forex â" The Largest financial market in the world, larger than all US equity and Treasury markets combined!

Does the thought of casually making substantial income daily for doing what you love, instill a sense of passion and motivation? Youâre probably ready to experience this as soon as possible. Read on!

You can easily start a business currency trading in the Forex market because :
- The startup costs extremely low.
- You don't need any employees.
- You trade from the comfort of your own home directly from your computer.
- Make money regardless of the state of the US or world economy.

Trade from anywhere you have an internet connection. You have total freedom of location

Now there is one thing that takes us from imagining the profit goal to experiencing the profit goal. That one thing is take action right? If a profitable Forex trading business is the object of your desire, then just get it going! But when? How?

The winning techniques and concepts that were revealed to me came from a mentor dedicated to propelling me to action, to success! We used a complete forex trading & profit guide thatâs been in place for years and itâs free - downloadable and easy to follow, obtained via â" www.fxstrategycentral.com. Their differentiator is â" they actually go the extra mile and position you to take the decisive winning action!

- In Forex, trading there arenât any leading indicators that you have to look for.
- Successful traders only trade when the odds of success are in their favor.
- It is not necessary to become an expert in these markets to profit from them.

Just decide to make Forex trading your choice for lucrative profits and positive cash flow! The free downloadable e-guide mentioned is called âForex Freedomâ. Make the decision to commit a few more minutes each day with it, and you will find that momentum to your goal will move more in your favor â" in both your trading performance and in your own personal fulfillment! For example make $200 to $3,000 a few hours work using some exclusive techniques!

In the e-guide, course materials will teach you truly remarkable step-by-step unique strategies to trade the FOREX in highly specialized ways! Those closely guarded techniques for successful Forex trading are clearly examined, described and expanded into an entire confidence-building, decision-strengthening, go-do-it process. The puzzle of what-to-do is simplified into clearly defined and easily achievable pieces.

All of the how-toâs are prepared for you!

Experience the concepts. Just get it going. Get the free e-guide! http://www.internetearningadvantage.com

PS. With Forex trading, youâll be living, learning and growing and have a positive cash flow! Youâll have REAL ASSETS! - You know, the things that put money into your balance sheet! There is so much excitement and joy that comes with that kind of success and prosperity! Venture in!

Sincerely, Internet-mentored All Star

Forex Trading Software

2008-06-11T05:05:00.000-07:00

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Forex Trading Software

by Amber Lowery

If you are looking to get started trading the Forex, you will find that there are numerous software programs available (both web based and desktop based) for you to use in your trading. In fact, most brokers offer clients a software package for free or as part of their trading account. Usually the software that comes with your trading account is a very basic "bare bones" model. Sometimes, more features are available for a price. The software packages your broker provides can be an important consideration in choosing a broker. You may want to download and try some different packages using a demo account. This will give you a better idea of which software package you find most suitable to your unique style of trading.

Forex trading software comes in two basic flavors - desktop software, and web based software. Which one you choose to work with depends on your preference and other more technical factors. Obviously, the Forex market is very dynamic and you need to have the most reliable up to date connection to the data as possible. Your internet connection speed is a factor here, and if you can afford it, you really should be connecting via broadband.

Your internet connection speed is just one of the factors you should consider when selecting forex trading software. The biggest consideration should be one of security.

Generally speaking, web based forex software is more secure than a desktop based software package. Why is that? Well, with a desktop software, your information and data is stored on your hard drive thus making it vulnerable to numerous security issues. If your computer became infected by a virus, your personal data and the integrity of your trading system can become compromised. Likewise, in the event of hard drive failure, your important data can be lost. Then there is the threat of prying eyes accessing your trading systems.

Luckily, if you choose to go with a desktop based software for your forex trading, you can do some things to limit the risks. For starters, a dedicated computer just for trading the forex would be a wise investment. Due to the popularity of forex trading, there are computers made specifically with a forex traders needs in mind. Even if you cant afford a dedicated machine, you should still apply the following tips to your trading computer:

* Password protect your trading software and personal data
* Make regular backups of your trading data
* Use a anti virus program and keep it up to date
* Update your trading software regularly

If you choose to go with a web based trading software, allot of the security and maintenance issues are handled by the provider. Online based forex systems are hosted on secure servers, the same type of servers credit card processing is handled on. This gives you a great deal of protection, as your data is encrypted. Also, backups and mirrors of your account data are made by your software provider to protect you from data loss.

Aside from the security considerations, you may find that an online based trading software is simply more convenient. There is no software to download as the software runs in your regular web browser. This means that you always will have access to the latest versions and features. Also, if you travel you will certainly appreciate the ability to log in and trade from any computer with an internet connection.

As you can see, there are many options in forex trading software. You ultimately should choose to work with the software that you personally find easiest and most intuitive to use.

Source: http://www.webtradingsystem.com

Want To Grow Your Own FOREX Money Tree?

2008-06-11T05:04:00.004-07:00

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Want To Grow Your Own FOREX Money Tree?

by Ashley McCracken

The real question is âWhy are YOU not trading FOREX today?"

Trading FOREX is surely one of the best investment vehicles available, if not the best! Since the introduction of the PC (personal computer) and the internet, ANYONE from all walks of life (yes, including YOU and ME) can trade in the worldâs most liquid market â" FOREX (FX or Foreign Exchange). Trillions of dollars are traded each day, making it the most liquid market available to investors. Trading opportunities abound, 24 hours a day, in FOREX.

So, are you getting your share of the PROFITS? Master this investment market and you will undoubtably develop a financially abundant mindset for life! Imagine never having financial problems again. Need to pay your childrenâs school fees; or the car needs urgent costly repairs; or the fridge has just died and you need a new one quickly ... How can you pay for all this without going into debt? No problems, since you recently just made massive profits trading FOREX. And the best thing is you can repeat this process time and time again!

Go on, plant a $300 âseed" today and grow this into your own financial fortune. How? By trading FOREX online. Recently I came across this amazing training material which clearly lays out the path to successfully trading FOREX, step by step. We all need to start some where, and even those already trading FOREX can gain extra knowledge from the many insightful tips and techniques offered.

Some benefits of trading FOREX over other types of investments include:

FOREX is the most liquid investment market, making it extremely easy to get into AND out of quickly. Try that with real estate!
FOREX has a low startup capital cost (from $300) with potentially huge returns over a shorter time frame. Again, try buying a home for only $300 upfront.
FOREX allows you to make money if the market goes up, down or sideways. Try this with traditional "buy and hold" stocks.
FOREX allows you to make money in minutes; hours; days; weeks and/or months. Some other investments (eg. art; real estate) need to be held for YEARS!
FOREX can be traded by ANYONE, ANYTIME, ANYWHERE (internet conection required), typically 24 hours a day.
FOREX compared to running a typical business requires NO STAFF; NO EXPENSIVE LEASED OFFICES; NO STOCK TO WAREHOUSE etc.
FOREX pays promptly on all settled trades (usually next day),which is much quicker than stocks or real estate sales.
FOREX is FUN and CHALLENGING.
FOREX allows you to "work" the hours you choose, however long or short you wish, whenever you wish!

Simply stated, like any new challenge or experience, get an good education on the subject. Then develop a plan, follow the ground rules - always! Whilst trading FOREX does involve risk, you set to level of risk you are willing to accept. By this, accept total responsibility for all your actions and in-actions. Learn to adopt practical money management techniques and use the "compound leverage, lot-trading technique" wisely, and use it regularly. Just like almost anything in life you must learn. People trading FOREX successfully now are no smarter than you or me - they learnt, continue to learn and take action.

Do this and you too can turn your $300 seed into your own FOREX money tree. Nurture it well and you can "grow your own orchid", your financial freedom for life! What ever you do you can not afford to pass on this incredible investment opportunity. Do NOT make another investment decision before learning the insider secrets of FOREX trading.

Again, ask yourself, why are you not trading FOREX today?

Thank you, good luck and here's to your FOREX success!
Ashley McCracken
This plus many other valuable insider tips, tricks and techniques are available at
http://www.moreforexprofits.com
Hurry, visit NOW to get your FREE eBook and FREE eCourse tutorials.

Forex Trading - Profit From Experience

2008-06-11T05:04:00.002-07:00

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Forex Trading - Profit From Experience

by al mckenzie

Hereâs a worthy profit generating goal: Have a lucrative Foreign Exchange (Forex) trading system that generates above average returns on your investment. Online!

Foreign exchange is the buying of one currency and selling of another simultaneously. Forex is the Largest financial market in the world, with over $1.5 trillion changing hands every day.
Where thereâs an opportunity to turn a little money into a lot, let experience be your guide. This is especially true in Forex trading.

Experience starts with some good training to become very well educated in the Forex trading world. Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market and better execution. Itâs exciting to know that there are great profits to be made but donât let the excitement override common sense and patience. Many successful traders have chosen to learn every important aspect of trading. The best traders know that every trade is a learning experience.

There are different trading strategies that must be used in order to fine-tune your market sense and build confidence. A good Forex training course would show how to create and develop a set of rules-based methods for making transactions. These rules are the basis for an effective trading system. With a system in place, it can tell us when and where to âbuy low and sell highâ. With little or no experience in Forex trading, new traders who are interested in extra income and earning high returns for profit need to take a Forex course that is thorough and effective. Choosing the right Forex course will definitely put the odds in your favor of achieving profitable results.

Having a broad knowledge of currency-trading tips, tricks, and techniques puts you much further ahead of the trader who only knows about one or two ideas or one or two indicators. If you don't have broad-based exposure to MULTIPLE trading methods, you may force yourself into a box and limit your profits. Instead, most of us expect greatness, strive for perfection and, as somebody who wants to earn a good living as a currency trader, create a success path in implementing breakthrough methods. Creating a system is the first big step to take. Why is this so important? Because a system needs to be built that suits your personality, otherwise you are going to find it hard to follow, thus hard to profit from. A worthwhile Forex course depends on the content quality of the material. Most courses or training programs focus or spend most of the time on basic concepts. Though these basic concepts are important, spending most of the course on them wonât help the trader to make consistent results.

An ideal course for the beginner would include not only the basic concepts, but also reliable, interesting, confidence building action plan that can be applied in the real-life Forex market. For example, in the Forex course found at fxstrategycentral.com/forex, part of the training includes a real-world plan:

Start with a small-amount of seed capital and compound your profits using a tactical, stair-step risk-management method.
Obtain much more leverage with money while taking on less total risk.
Have more staying power, during an open trade, even in times of heavy market volatility.
Develop a disciplined, rational trading strategy without excessively focusing on profits and losses.

A comprehensive course would include a day-by-day educational primer into Forex that explains what it is, how to profit from it and what to look out for. Also helpful is a guide that goes deep into such topics as reading the charts, advantages/disadvantages of technical and fundamental analysis, and equity management among other topics.

Before spending any amount of money on any Forex trading course or Forex training program there are some important aspects you need to take in consideration. There are many training programs available, but not every one of them suits the needs of every trader. Without thorough real life guidance and experience, it would be difficult to achieve consistent profitable results. It would be good to know Why is it that some traders succeed while others fail to trade successfully in the Forex market. Although thereâs no single recipe to follow to achieve consistent profitable results, itâs helpful to know that traders that reach the top think different. They donât follow the crowd; they are an independent part of the crowd.

Source: http://www.webtradingsystem.com

How To Trade Forex Successfully: Forex Trading Risk Management

2008-06-11T05:04:00.000-07:00

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How To Trade Forex Successfully: Forex Trading Risk Management

by Alex Nekritin

Trading the Markets

Trading the markets for speculation purposes is a challenging task that numerous amounts of people have embarked on. Do you know anyone who successfully makes money trading? The answer is most likely no. If you do I recommend you become as friendly as possible with the person and learn everything you can from him, unless he is charging for his services. That usually means he is not a successful trader.

With the type of leverage that is offered in the futures, options and forex markets, I personally find it hard to believe that anyone who has a successful system that is right for them will be too eager to teach it. Why should they teach if they can be trading the daylights out of it and be making millions with the 400:1 leverage that some forex platforms offer.

On the other hand numerous people have made millions trading. Look at the list of CTAâs on IASG.com, look at John W. Henry, Max Ansbacher, Warren Buffet, Peter Lynch and all the Market Wizards. I recommend reading the market wizards book for some inspiration.

The problem is that most traders go into trading with the wrong attitude. Have you ever heard this phrase âI am tired of working I need to trade to get rich.â It takes 7 years to complete medical school and there is no green arrow red arrow system for performing heart surgery. Trading will pay you much more than doctors make so you should expect to have to do more work than doctors do for a longer period of time to get wealthy and become a market wizard. While you start and practice it is imperative that you do so at a low cost, meaning you donât blow out your account on bad trades due to poor risk management.

It has been hypothesized that, with proper risk management, a simple system like flipping a coin to buy or sell could be successful. However having the slightest edge should enhance the traders chances a great deal. By edge, I mean something that will make the trader make more money than he looses. An edge can be discretional or algorithmic as long as the trader makes money in the long run.

A perfect example of this is the game of blackjack. The house has a very slight edge less than not more than 2%. But by repetitive play they consistently end up profitable. This is because they have a set approach, and edge, and they donât get emotional when a player goes on a winning streak. Good traders put themselves in the position of a casino.

Traders can make money discretionally by following support and resistance levels, watching the volume, size and market action. Or, traders can create a trading system by back-testing a certain edge. Calculate the systems expectancy, develop trading and risk management rules, and follow those rules religiously to generate profits. Numerous people will try to sell systems.

It is very important that with any system traders create a reevaluation point. By reevaluation point I mean a point where the trader starts to question the systems effectiveness and begins to look for other systems that he expects to fair profitable over time. The reevaluation point should be decided upon before trading begins. It should be based on the back tested data, and you must take into account concepts that we will discuss such as a drawdown, consecutive loosing sessions, reward risk ratio.

Want to learn more about systematic trading? The key is to develop and utilize a system that fits your trading style and personality. We can help you with finding profitable trading systems, backtesting them, and our programmers will even code your system into your trading software for you!

For more free forex education please visit our site at http://www.FxIdeas.com

If you are a beginner trader my company can: set you up on a free demo account work together with you to develop your forex trading system, provide you with free educational material, and provide you with a cash bonus for opening a live account.

If you are already trading my company can lower your transaction costs, rebate you on every trade that you make, and even work with you to develop enhance and program your trading system.

Alex Nekritin is professional forex, stocks and equities trader of 5 years, averaging steady 12% gains every single year.

The Pros And Cons, Of Trading A Forex Trading Demonstration Account

2008-06-11T05:03:00.003-07:00

Olympus 202027 2GB M Type Xd Card (Retail Package)

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The Pros And Cons, Of Trading A Forex Trading Demonstration Account

by Bill Boyd

Trading is a skill that takes time to learn. Think of it like Boxing itâs also a skill that takes time to learn. If you get into a professional boxing ring without any training, youâll get beat up physically! If you get into the Forex ring without any training, youâll get beat up financially! The similarities are that both the examples are Skills, and both require psychological preparation. The difference is that one is physical and the other is financial. We can get over a physical beating usually in a few days or weeks, BUT a financial beating can be devastating and easily affect us for the rest of our lives, not only does it hurt our hip pocket but it can cause problems with our relationships and family. So when we get into the Forex ring we have to be prepared. The Professional Boxer When a professional boxer gets in the ring he has already been practicing in a safe environment usually for years, this safe environment is where he can make mistakes without having medical treatment. He can also spar with other opponents that have more skills and experience then he does and he learns from them. He also has someone there to watch him and give advice and guidance. Then when he is ready, he gets into the ring and boxes for real, heâs accepted the risk and KNOWS that he can get hurt, but heâs also studied his opponent and done his home work, so he KNOWS he has a good chance. He can still lose this round but if he wins most of them he will take the money home. BUT! What about the psychological side? Does he fear getting into the ring? Sometimes! But heâs aware of it and he can control how it affects him in a way that is beneficial. Will he be thinking about the money heâll make? Or will he be thinking about the fight as is happens and planning his next moves during the breaks? Heâll be analyzing the results from the previous rounds and making changes in his strategy for the next round. The professional Trader Can you see whatâs coming next? If so than, youâve learnt to analyze what you read and form a projection into the future. (A very valuable skill for the FOREX Trader) A forex trader, like the professional boxer, will not get into the Forex trading ring without being prepared first. He might not spend years practicing in the Demonstration Account, but he will at least have spent a month or two or three, sparing with the Forex Market in a safe environment that he wonât get beat up in. Heâll practice trading forex against all the other traders and learn from them, and heâll also have someone watching him and giving advice, and guidance. Then when he is ready, heâll get into the Forex trading ring and trade forex for real, heâs accepted the risk and KNOWS that he can get hurt, but heâs also studied the Forex market and done his home work, so he KNOWS he has a good chance. He can still lose on this trade but if he wins most of the trades he will take the money home. BUT! What about the psychological side? Does he fear getting into the forex trading ring? Sometimes! But heâs aware of this fear, but he can control how it affects him, in a way that is beneficial to his forex trading. Will he be thinking about the money heâll make? Or will he be thinking about the things that are influencing the market as is happens and planning his next trades while he waits for the results? Heâll be analyzing the results from the previous trades and making changes in his strategy or continuing with the one thatâs working, and planning for the next Forex Trade. So itâ easy to see that trading with a Forex Trading Demonstration account is something everyone should do before getting into a live Forex Trading account. The practice account will give the trader MOST of the skills necessary, to be able to trade profitably, giving them the training ring to spar in. BUT A BIG WARNING!!! Like the Boxer the Forex trader has learnt to manage his emotions, this is often overlooked by new Forex Traders. BUT is probably what separates the successful investor from the ones that keep getting beat up! If you are considering getting into the Forex trading Ring, then be sure to practice first, and find all the information you can about controlling your emotions. Fear, greed, impatience, are the main culprits of financial bashings, so keep an eye out for them, and learn how to beat them before you get in the ring with them. Understanding these emotions will enable you to use them to your advantage in understanding the market, the market is influence by these emotions and if you understand them you can have them on your side, thus giving you an advantage.

Bill Boyd is an investor, and has a degree in business. He also has over twenty years experience with other types of investments and businesses. In addition to this, he owns several websites, go here to visit his FOREX TRADING SITE: http://www.fx-t.com

There Are Real, Live People Behind Currency Trading

2008-06-11T05:03:00.001-07:00

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There Are Real, Live People Behind Currency Trading

by Amelie Gam

The Internet offers an abundance of information about investing, currency trading, forex market, about how, when and what to do to earn more money in the easiest way possible. The âinformation highwayâ is practically a gold mine for traders that have a lot of experience and for beginners that need articles, tips and glossaries to get ahead. So much to see and so much to doâ¦One should be worried that all these people (that are looking for information and for knowledge or are offering it) forget that behind the computers there are hearts beating and brains thinking, and blood pulsing through veins.

The useful information that is found on the Internet about foreign exchange, charts, capital risks, currencies, brokerage, and transactions isnât just a virtual world separated from reality. It is other peopleâs experience, thoughts and feelings. The articles written about this subject represent their time and effort to supply novelty, to help, to guide their fellow readers. And those to whom they address their knowledge are people too. The Internet is actually peopleâs humanity, their strive to contribute, even a little to man kind.

Currency trading isnât impossible to learn as one might imagine when encountering problems. Trading difficulties arenât a reason not to invest anymore. These procedures and words were invented by people (who have weaknesses, who are sometimes foolish, sometimes too ambitious or who want to take advantage of your own faults), but for the people also. And, because you, the reader, are here to use their information you are proving yourself to be human. You should now endeavor to understand what others have so much worked to teach. Yes, you might stumble upon different terms that place you in a difficult situation: Wash trade, Whipsaw, vostro Accounts and abbreviations like: EDI, ECU, EMS, EFT, G7 or G10. But you will also find the answers to all of your questions from the same people that use these terms.

Currency trading speaks about money and finance and business, so about people and their wishes of great wealth. Trading in general talks about human psychology â" something that should be taken into consideration usually. The risk that exists in trading has a direct effect on the trader. Therefore bad transactions are made because of hesitation, fear of making a choice that might lead to loss of money and lack of faith. The advice: âtrade only as much as you can afford to loseâ was given just because of these reasons. Currency trading has less to do with psychology than other trading systems, but it still reefers to people and the way they think.

So human weaknesses can be taken advantage of (you can profit from someone else or someone else will profit because of you). The good aspect of currency trading is that buying and selling currencies is safer than other risky markets because the psychological factor weights less here. But, if you want to make sure that you are in control of the situation, donât forget you are human! Read articles and lose the weaknesses!

There are hundreds of interesting titles on the net: âCurrency Trading, Advantages and Disadvantagesâ, âOnline Currency Trading is a realityâ, âLearn Currency Trading, Forex Strategies, Forex Software, Forex Investmentâ, âMake your own story of currency trading successâ, âRisks in Currency Tradingâ, âTrading currencies is easy for everyoneââ¦. There is so much free information about any aspect of the investment world that if you ever lose money because of lack of knowledge you wonât have any excuse. Learn from what you read and âknowledge will set you freeâ (in this case make you rich!) Donât even think for a minute that you are wasting your time reading because you are actually investing right now.

If you donât know where to start (you should click here for some tips and articles) think of the keywords that are mostly used for the foreign exchange market: âCurrency tradingâ and âForex tradingâ and use these terms together with the word âarticleâ in the Google search engine. Google will display 222,000 and 608,000 links to sites that have categories or articles referring to this topic. You can enjoy your readings thinking they will actually be useful.

Donât forget you are human and you need discipline, planning, management and information to get rich. You are behind Currency trading and you need to know how things and other people work before making any investment. If risk is not your business than wisdom should let you know that no one can guarantee 100% earnings without any loss. You are the one investing your money so you should first learn to do this and then be prepared for anything. Investment winnings are just as unpredictable as people are.

Amelie Mag is an Internet writer for Forex Trading Plus. For further information about Currency trading you can visit http://www.forextradingplus.com or write at info@forextradingplus.com

Top 7 Cool Reasons Why You Should Not Sleep Tonight And Start Thinking About Making Hugh Profits Trading FOREX Currencies

2008-06-11T05:03:00.000-07:00

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Top 7 Cool Reasons Why You Should Not Sleep Tonight And Start Thinking About Making Hugh Profits Trading FOREX Currencies

by Alex Nguyen

Where do you go to trade money? How about the largest money market in the world, the Foreign Exchange currencies, also known as FOREX currencies. With a daily volume of $1.5 trillion US dollars, it eclipses the American stock markets exchange ($100 billion daily) by 15 times. Here are the top 7 cool reasons why you should not sleep tonight and start thinking about trading (and making) some serious money in theâ¦ well, money market.

1. Instant and hugh leverage Where else can you find an investment vehicle that allows you to leverage your money massively? If you have $1000 and you drive down to your local stock brokerage and would like to open an account, heâll allow you to âborrowâ another $1000. So you can control up to $2,000, or 2:1 leverage. In real estate the leverage can be 10:1. A $100,000 home can be purchased with only $10,000 (10% down payment). However, FOREX provides the greatest leverage. With the same initial investment of $1,000, most FOREX brokerages will allow you to control $100,000 worth of currency. Thatâs 100:1 leverage! This is HUGH! This allowance is a major boost to the small investor. Imagine having $100,000 and being able to control $10 million! Did I mention HUGH!

2. High liquidity and no, Iâm not talking about beverages! Relax, thereâs a buyer waiting to buy what youâve got. Need to buy? Someoneâs available to sell. There is always movement with the FOREX market. With such a massively high volume on daily exchanges, there is always a buyer or seller waiting in the wing.

3. Accessibility â" Anywhere, Anytime Well, almost anytime. Unlike the American stock market, which trades eight hours a day, five days a week, the FOREX market is open 24 hours a day, five days a week. Trades can be done via telephone or via the internet from your home or office.

4. No Whispering allowed in the FOREX market It is true that the principle of supply and demand holds true for both the stock market and the FOREX market. However, the stock market has an inherent risk that is lacking in the FOREX market â" insider information. A company news about massive infrastructure restructuring within might affect its stocks on a grand scale. Uncle Joe might know something about it and take necessary steps to secure his investments, while youâre out in the cold wondering what happened. The FOREX market is affected by national economic changes that cause the fluctuations in the FOREX market. Since news is easily assessable to everyone at the same time, there canât be âinsider informationâ. Donât worry; youâll at least get a blanket before youâre tossed out again!

5. No commission? No problemo! If youâve traded the stock market before, youâd know that you had to pay every time you bought or sold stocks. The same is true with real estate investment. When you wanna sell your property, youâd better fork out a chunk of money to pay your agent. When you buy a property, you might think that the seller pays your agent the commission. Itâs not exactly true because when you buy it from an agent, you really purchase it at retail. So essentially the cost (commission) is footed by the buyer (you). Itâs not the case with the FOREX market. You do not pay any commissions for any trade, regardless how big or small. Then how do brokers make money, you ask? Well, brokers earn their money by setting a âspreadâ â" the difference between what it can be bought at and what it can be sold at. You might even get lucky and not having to pay for spreads at all. FOREX OTC (over the counter) avoids exchange and clearing fees, which cuts transaction costs sufficiently. You deal directly with the market maker, thereby bypassing the middle man. What this means to you is NO COMMISSIONS, NO SPREADS! More money back in your pocket!

6. You donât have to sell your home on eBay to get started. To get started trading the FOREX market, all you need is a computer, a high speed internet connection, and some knowledge and tools. Youâre set to go! No need for elaborate office setup. No overhead to spend. No inventories to look after. No need to fork out thousands of dollars to âownâ a business, such is in the case of a franchise.

7. You can careless where the market is at. Because you can make profit in both ends. FOREX has no restrictions on short selling. How cool is it that you can go long or short and know that the potential of getting income remains very high? So the next time youâre at the beach with your wireless laptop on and have the urge to trade, go ahead and trade some Dollars for Euros. Who knows, with the right knowledge and tools at your disposal, you might make some serious money while having fun under the Sun. Profitably Yours, Alex Nguyen

For more information how you can obtain the knowledge and tools to become a master FOREX trader in simple steps, click http://www.simpleforexsecrets.com to claim your FREE report âForex Freedom - Learn How to Turn $300 Into $30,000 and Make a Great Monthly Income in as Little as 6 months!â

Real World Accounting for Small Business Owners

2008-06-11T05:02:00.003-07:00

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Real World Accounting for Small Business Owners

by Caroline Jordan

If youâre like me, you love accounting. Itâs so fascinating and such an ingenious system. Donât you just think that Double Entry Accounting is the most beautiful creation of all humankind?

Okay, letâs get real. You probably think accounting is boring and best left to pencil pushing geeks (like me!). I meanâ¦BOOORRRRING! Total Snooze-fest!

Well, my friend, Iâm about to introduce you to Real World Accounting for Regular People. But, be careful, it just may change the way you look at accounting FOREVER! In fact, one of my clients looked up from a spreadsheet one day and said, âWow, I never knew accounting could be FUN!â You just might have the same experience.

For starters, a lot of people think accounting is about math, which is an immediate turnoff. Although accounting does include math, itâs more like a foreign language. All you need to do is learn the parts of that language that actually apply to you. Think about visiting a foreign country. You donât need to be fluent in the entire language. You just need to know the important things like what to order (or not order) in a restaurant, how to get directions, and how ask where the bathroom is. Itâs the same thing with accounting. You need to know what you need to know and the rest is unimportant. I mean, do you really need to know about corporate accounting practices or off shore financial transactions. Probably not.

So, how do you figure out what you need to know when you donât even know where to begin? Follow me and Iâll show you!

The first thing you need to know is this. You must, must, must keep your personal finances and your business finances separate. Using your personal checkbook for all your transactions is a bad way to go. Hereâs why:

â¢ The Internal Revenue Service wants to know that you have a very clear distinction between your personal affairs and your business affairs. They want details. If you try to pass off personal expenses as business expenses, youâre violating tax laws. They donât like that.

â¢ If you ever plan to borrow money for your business or get credit from your vendors, your lender or vendor will want to see detailed records of your business performance. Handing them your checkbook register is not going to make them want to give you money or sell to you on credit.

â¢ You need to know how your company is performing at all times so you can plan ahead, make adjustments in your operations, and make informed decisions.

â¢ The more accurate your records, the more accurate your tax return. It prevents you from missing deductions.

â¢ Itâs the only way youâll know whether your business is making money or if youâre just kidding yourself.

So, if you donât have a separate checking account for your business, go get one. Itâs easy and inexpensive and it will give you clarity on how your business is really doing.

The next step is your accounting system. Now, when I say âaccounting systemâ Iâm talking about an organized way of keeping track of your records. It can be computerized or it can be the old fashioned pencil and paper route. The important thing is that a) you have one and b) you use it.

Finding a System That Works For You

Your record keeping system needs to be designed so that it works for you. It should be:

â¢ Simple to understand
â¢ Flexible and adaptable to changing needs
â¢ Inexpensive to develop and maintain
â¢ Require little time to maintain
â¢ Be handy and convenient to use

If you use a computerized accounting software package like QuickBooks, all those qualifications are met. I generally recommend QuickBooks to my clients because itâs easy to use and you can also find local support for set up and troubleshooting. I donât whole heartedly recommend QuickBooks because I think parent company Intuit is losing touch with its core customer (we, the small business owners of the United States of America). Thereâs too much nickel and dime-ing and poor support. But, at this point, itâs still the most widely used system and certainly meets the needs of most small businesses as far as what it can do.

I do recommend that you get professional help in setting up your accounting system if you donât have an accounting background. Itâs a case of Garbage In Garbage Out. A well set up system will give you the best information with the least trouble. Itâs less expensive to have it set up right to begin with than it is to have it cleaned up later.

Whatever record keeping solution you choose for your business, the key to success is actually using it on a very regular basis. Otherwise, your business struggles and youâre in constant danger of sliding into the Cash Flow Swamp.

Caroline Jordan is a small business mentor and consultant helping small business owners understand, diagnose, and improve cash flow in their businesses. For more information and resources to improve cash flow visit http://www.TheJordanResult.com/mastering.html .

Ride The RSI Rollercoaster

2008-06-11T05:02:00.001-07:00

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Ride The RSI Rollercoaster

by Kathy Lien and Boris Schlossberg

The relative strength indicator (RSI) is one of the oldest and most popular tools in technical analysis. In fact, if there was a hall of fame for technical analysis indicators, RSI would certainly be accorded top-five status. Its ability to measure turns in price by measuring turns in momentum is unmatched by almost any other tool in technical analysis.

The standard RSI settings of 70 and 30 serve as clear warnings of overbought and oversold territory. The "RSI rollercoaster" is a setup that can take advantage of these turns in the market. Read on as we cover this strategy and show you how it works in real-life trading examples. (For background reading, see Momentum And The Relative Strength Index and Getting To Know Oscillators: RSI.)

Background
The purpose of the RSI rollercoaster is to harvest points from range-bound currency pairs. First and foremost, this setup works best in a range environment when overbought and oversold readings are far more likely to be true signals of a change in direction. The setup is also much more accurate on the daily charts than on smaller time frames like hourly charts. The primary reason for this difference is that daily charts incorporate far more data points into their subsets and, therefore, turns in momentum tend to be more meaningful on longer time frames.

Nevertheless, the asymmetrical structure between risk and reward in this setup makes even the shorter time frames worth considering. Just keep in mind that although the setup will fail far more frequently on the shorter term hourly charts than on the daily ones, the losses will generally be far smaller, keeping the overall risk manageable.

Rules for a Long Trade

RSI reading must be less than 30.
Wait for an up candle to form and close with an RSI reading of greater than 30.
Go long at market on the open of the next candle.
Place your stop at the swing low.
Exit half of the position at 50% of the risk and immediately move the stop on the rest to breakeven.
Exit the rest of the position when one of the following conditions is met:
1. Stopped at breakeven.
2. Trade first moves into overbought territory marked by an RSI readings of greater than 70 and then eventually drops from that zone. As soon as RSI declines below 70, sell at market on the close of that candle.

Rules for a Short Trade

RSI reading must be greater than 70.
Wait for a down candle to form and close with an RSI reading of less than 70.
Go short at market on the open of the next candle.
Place the stop at the swing high.
Exit half of the position at 50% of the risk and immediately move the stop on the rest to breakeven.
Exit the rest of the position when one of the following conditions is met:
1. Stopped at breakeven.
2. Trade first moves into oversold territory marked by RSI readings of less than 30 and then eventually rises out of that zone. As soon as RSI increases above 30, buy at market on the close of that candle.

The key to this RSI strategy - versus the traditional interpretation of RSI, which simply trades overbought or oversold levels - is to first look for a reversal candle, which provides us with a sign of exhaustion before taking the trade. This way, we are prevented from prematurely picking a top or bottom and instead we wait for indicator confirmation. Note that the RSI rollercoaster is designed to squeeze as much profit as possible out of the turn trade. Instead of immediately closing out a position when it moves from oversold to overbought, the RSI rollercoaster keeps the trader in the market until price shows a sign of exhaustion. Sometimes a strong move will generate multiple consecutive periods of overbought RSI readings, and this setup is specifically intended to catch part of these potentially profitable moves.

Note also that the RSI rollercoaster is almost always in the market, as the rule for the liquidation of a long trigger is the creation of a fresh short position. The only two times this setup stays out of the market is when the trader is stopped out of his position on a false signal or when he is stopped out at breakeven on the second half of his position. Now let's take a look at some examples.

Daily Charts

Figure 1: RSI Rollercoaster, AUD/JPY

Source: FXtrek Intellicharts

In our first example (Figure 1), we look at the AUD/JPY currency pair from approximately December 12, 2005, to April 1, 2006. On December 12, the pair records an RSI reading of 73.84, but at the close of the very next candle the RSI drops to 48.13 and we go short at 88.57. Our stop is set at the most immediate swing high of 91.33, or 276 points back. Our first target is set at 50% of our risk, or 138 points forward. The very next day the pair collapses further and our first profit target is realized. We then move our stop to breakeven and stay in the position until RSI reaches oversold territory. On December 27, 2006, RSI moves up from severely oversold readings below 30 to 30.70.

We exit the second half of the trade at 85.01, harvesting 356 points. Immediately, we initiate a long position at the same price as the RSI rollercoaster has now indicated a buy setup. Our stop is set at the nearest swing low of 84.51. Our risk is a relatively small 50 points and, therefore, our first profit target is a very modest 25 points, which we achieve in the very next candle when prices rise to 85.26. We move our stop to breakeven and stay in the trade for more than a month until February 6, 2006, when RSI leaves the overbought territory and we liquidate the rest of our position at 88.23 for a 322-point profit.

Again, we immediately sell at the same price to establish a new short, as per the setup. The swing high of 89.34 serves as our stop. The first target of 87.68 is achieved the very next day as we bank 55 points. We exit the rest of the position at 84.01 when RSI once again returns from its oversold level. The second half of the position produces a 422-point gain. All in all, the RSI rollercoaster generates a very respectable 660 points (1319/2) over a four-month time frame.

Some traders may not have enough patience to trade the RSI rollercoaster on daily charts, so the next example of the setup is on four-hour charts.

Four-Hour Charts

Figure 2: RSI Rollercoaster, EUR/USD

Source: FXtrek Intellicharts

In the four-hour chart of the EUR/USD (Figure 2), we see the RSI rollercoaster perform well once again. We start on March 21, 2006, as RSI, after spending some time in the overbought zone above 70, finally falls below that value, triggering a short order at market at 1.2178. The swing-high stop is extremely close at 1.2208, allowing us to risk only 30 points on the trade. Our first target at 1.2163 is hit within the next candle and we move the stop to breakeven and follow the trade. The pair eventually trades down to 1.2035 before regaining upside momentum, and we are able to close out the second half of the position with an additional 138-point profit. We then immediately go long at the same price. This time our risk is considerably larger at 100 points, as the swing low lies at 1.1935. Nevertheless, the pair climbs steadily and we reach our first target with ease, exiting at 1.2085 for a 50-point gain. We then stay in the trade until the rules of the setup force us to liquidate at breakeven. All in all, in this example of the RSI rollercoaster we are able to harvest a total of 203 points while risking only 260 points. Although in this sequence the risk reward ratio is a bit less than 1:1, the high probability aspect of this setup generally assures positive expectancy overall.

The RSI on a Short Time Frame

Figure 3: RSI Rollercoaster, USD/CHF

Source: FXtrek Intellicharts

Turning now to the one-hour time frame, we see that the RSI rollercoaster performs far worse on the shorter time frame. Starting on April 3, 2006, the setup triggers a short at 1.3090 with a 35-point stop at the swing high of 1.3125. The trade moves our way almost instantly, and we are able to quickly cover half the position for 17-point profit. Again we move our stop to breakeven and stay in the trade all the way to 1.2902, harvesting 197 points in the process. However, before we celebrate too quickly, the setup triggers an immediate long trade and generates three consecutive stop-outs as the RSI peaks above the 30 level only to retreat into oversold territory once again. Overall, we lose -28, -36 and -47 points times two lots.
The cumulative loss? Minus 222 points. The three losses fully negate our one big win, and we actually stand at the end of the run down eight points. To add insult to injury, when the pair does make a turn to the upside, we miss the entry because the rally starts from RSI values above 30 and our setup does not trigger a signal.

One solution to this problem is to simply not trade the RSI rollercoaster on time frames of less than four hours in length. This setup is designed to catch major turns in price action and it works best in range-bound markets that consistently move from overbought to oversold states. The hourly charts are simply too sensitive for the indicator, generating many false-turn signals when prices pause rather than change direction.

Adjustments for Shorter Time Frames
On the hourly charts, it is far easier for RSI to work off the temporary overbought/oversold conditions without making a true turn. Nevertheless, the setup may still be productive for shorter term traders if we add some modifications. The key to making the RSI rollercoaster successful on the hourly or shorter time frames is to never assume greater than 30-point risk on any trade.

In fact, 30 points of risk should be the maximum that the trader is willing to absorb on any one given trade. Ideally, the risk on any hourly version of the RSI rollercoaster should be no more than 15 points. This change will, of course, force traders to pass up many setups, but on the flip side they would be able to sustain three or even four consecutive losses in a row with only minimal damage to their equity; and only one good trade of 100 points or more would put the account right back into positive territory. On the hourly time frames, the signal-to-noise ratio will inevitably increase; therefore, it is vital to minimize the many likely losses in order to maintain a positive expectancy in the setup.

Figure 4: RSI Rollercoaster, GBP/USD

Source: FXtrek Intellicharts

Finally, let's take a look at the RSI rollercoaster on the GBP/USD hourly charts during the period from March 27, 2006, to March 29, 2006. We will follow the exact same rules as outlined above, with one modification: If our risk exceeds 35 points, we will not take the trade. On March 27 at 1:00am, we trigger a short sale at 1.7458, risking 24 points. The trade goes against us, and we get stopped out as the pair works off the overbought condition and trades higher. Later in the day, we get a second signal and once again go short at 1.7477. Our risk is a miniscule 10 points. We set our target at 50% of risk and cover the first part of the trade at 1.7472, moving the stop to breakeven. Once again the trade moves away from us, but we cover at our entry point, and for all intents and purposes, the trade turns into a scratch instead of another loser.

At about midday on March 28, we get a third signal to short at 1.7504. This time the risk is a more considerable 32 points, but it is just within our self-imposed risk-control rule of 35 points. We cover half the position at 1.7488, garnering 16 points, and then follow the trade all the way down to 1.7315, harvesting a very impressive 189 points on the second half of the trade. The total gain from this three-day foray into trading the pound is 162 points, but note that the vast bulk of the profits were netted from the final half position of the third trade.

In fact, that 189-point move was responsible for more than 90% of all the trading gains of the setup. The rest of the time we lost a bit or essentially broke even.

Conclusion
The RSI rollercoaster is a low-probability/high-reward setup. As such, it requires that the trader take as many trades as his or her risk-control rules will allow to optimize the chance of catching the one big win. The trader should also take very small, highly defined risks while waiting patiently for the big-profit trade. In the RSI rollercoaster, half the value of the strategy comes from the rules themselves, while the other half is derived from a strict money management approach.

by Kathy Lien and Boris Schlossberg

Boris Schlossberg runs BKTraderFX, a forex advisory service and is the senior currency strategist at Forex Capital Markets in New York, one of the largest retail forex market makers in the world. He is a frequent commentator for Bloomberg, Reuters, CNBC and Dow Jones CBS Marketwatch. His book, "Millionaire Traders" (John Wiley and Sons) is available on Amazon.com, where he also hosts a blog on all things trading.

Kathy Lien is Chief Strategist at the world's largest retail forex market maker, Forex Capital Markets in New York. Her book "Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings" (2005, Wiley), written for both the novice and expert, has won much acclaim. Easy to read and easy to apply, this book shows traders how to enter the currency market with confidence - and create long-term success! Kathy has taught currency trading seminars across the U.S. and has also written for CBS MarketWatch, Active Trader, Futures Magazine and SFO Magazine. Follow her blog at www.kathylien.com

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