Mini forex trading was created for new traders entering the forex market. The mini forex account is designed to be one tenth the size of the standard account and the pip value is just $1 per pip. The mini forex account is beneficial for new traders to improve their forex trading skills while being exposed to less financial risk on the market.
Success in the forex market and becoming a profitable trader depends on a lot of practice and experience. It is still essential to practice first with the demo trading software to enable you to get comfortable with the trading platform . Once you get an idea of what to expect in the forex market, it is wise that you should open a mini forex trading account. Now you are dealing with real money.

Although you might risk losing real money, mini forex trading accounts only requires a small investment of money. It can also give you a small amount of profit. The key to mini forex trading is to enhance your skills until you are ready to trade with the big traders.

To start a mini forex account, there are some characteristics you should know:

• Required minimum account deposit, this is known as margin (eg: $100 - $250)
• Recommended account deposit
• Traded in 10,000-unit currency lots
• A default margin
• Leverage up to 200:1

Mini forex trading has little disadvantages than a regular forex account. Of course it can only make small profits but the risk in regular trading is much larger. Because of only investing small sums of money, mini forex trading reduces the risk of your loss.

In mini forex trading, you can also use the same software used by regular forex traders, this can work in your advantage. It will be like trading like the big traders only you are just trading in small amounts. Therefore, it eliminates fear of losing. Mini forex trading can also acquire you the proper discipline a forex trader has to have.

Another great feature of starting a mini forex trading account is that there is no maximum trade volume. You are able to trade 10,000 units or even 200,000 units even if the standard size of a mini forex account is 10,000 units. This enables you to develop your skills, trading strategy and technique before slowly increasing the size of your trades

The mini forex trading account is ideal for beginners or novices that are just starting to enter the world of forex trading. Here, the risk is real and the money is real. Mini forex trading is an effective way to learn forex trading without the thought of losing too much money...

Welcome to our Forex Case Study on Happiness Is Better.

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I am being coached by Forex expert, Mindy Yost. She has been Forex trading for over 8 years and full time for 6 years. I will be detailing my progress through a monthly report. I opened a demo account and am currently trading under her guidance through Skype (wow, Skype is really handy!). Skype is essentially an internet-based phone/text communication service (VOIP).

To start off our training, Mindy had me read through a handy website, Baby Pips. If you’ve never heard of Forex before, it stands for the foreign exchange (currency) market. Forex trading is the buying or selling of a currency “pair” and the one that I am learning about is the Euro paired with the US Dollar and is called the EUR/USD. In the Forex world, there is a thing known as a pip. I had heard the term pip before, but I really didn’t understand what it meant. A pip is the increment by which a currency pair is measured for trading purposes. In the case of the EUR/USD, a pip is 1/100th of a cent and would be displayed as $0.0001. Baby Pips explains a pip as “if the EUR/USD moves from 1.2250 to 1.2251, that is ONE PIP. A pip is the last decimal place of a quotation. The Pip is how you measure your profit or loss.” The Pip VALUE however is a little different and is determined by the size of the trade you make. In Forex trading you cannot trade one EUR/USD at a time. Forex is traded in 100,000 units at a time in a standard account, and 10,000 at a time in a mini account. I am using a mini account so the pip value when I trade one mini lot is $1.00 ($0.0001 X 10,000). So, when I am in a trade, I will earn or lose $1.00 for each pip the market moves. If I were to trade multiple mini lots at a time, the pip value would be determined by multiplying $1.00 times the number of mini lots I made the trade for. Basically, the more pips the market moves in the direction of my trade the better! If the market moves against my trade, that can be a bad thing. But, as Mindy says, the market can only do two things - go up or go down, so if you are willing to wait it out, your trade will probably be profitable sooner or later (if you have enough money in your account to cover the loss before the market goes your way).

So what makes Forex trading so attractive? One major advantage Forex trading has over traditional stocks is leverage. Leverage means that when you make a Forex trade, you essentially only put down a small deposit for the trade. In most cases the Leverage Ratio is 200:1. So, when I do a one mini lot trade, instead of fronting $10,000 to make that trade, I only put up a $50 deposit to control the 10,000 units in the mini lot. Another new term to me is that of a “Margin Call”. In Forex trading, the Brokerage House will not let you lose more money that is in your account, so if your trade go so far negative, that you no longer have any more money to cover any additional loss on you trade, they will close your trade at the accrued loss. This means that you will have lost a lot of money and is a bad thing, but, unlike some other venues, at least they will not call you up and ask for even MORE money! Leverage is always a double edged sword, and can work for you or against you. One thing that Mindy has stressed to me is the importance of properly funding your account. The best way to protect yourself in Forex is to “over fund” your account and put way more money in it that what you expect to trade with and then make small trades. Also, remember these things: 1) do not open an account with money you can’t afford to lose, 1) do not open an account with “a little” money as a test-the-waters type of trial, and 3) don’t trade Forex unless you have nerves of steel. You can properly fund your account yet trade in small quantities to minimize risk while you are getting your feet wet. However, if you do not properly fund your account, you run into the possibility of having the broker perform a margin call and lose your money. Another attractive feature of Forex is that it’s a large market that can’t be altered or controlled by a few people. To give you an idea of the enormity of Forex, about $4 trillion is exchanged daily compared to $25 billion exchanged on the New York Stock Exchange. There are also no commissions charged by the brokers and you can trade basically 24 hours a day, 7 days a week.

If you are interested in Forex trading, it is advisable that you read through School of Pipsology on Baby Pips and if you want to contact Mindy for mentoring, let me know (happinessisbetter@gmail.com) and I will give you her email address.

It’ll be at least a month or two before I start trading with real money, but in the mean time I’ll be showing you the results of my demo account.

Even at the simplest indicators it is possible to build a profitable system. This example has 2 movings with periods of 21 and 70. After the breakdown one of movings by the price standby begins. If prices turned, without having reach the 2nd (older) moving, the entrance is carried out at crossing (or a little earlier), MA (21). Stop-loss is places below a recent bottom (peak). The system has drawbacks - one of them is the false signal at the trend end. However, incomparable advantage is that it always follows trend, contrary to the wishes of inexperienced players to play against him.
One of the easiest ways to play with a trend. On the graph MACD 12/26 with a signal line 7 is used. The entrance is carried out: For Sale — at movement MACD from a maximum downwards, at care of MACD below a signal line.

Pose closing occurs at MACD the crossing signal line upwards. At achievement of low bottom by MACD, with the closure of the next “Short” a long (turn) opens and now pose will close at crossing MACD signal from the top to down, and will open at crossing from below upwards. And again, until formation of top by MACD… Stop is at a price slightly above recent high (low). The system works well in bright trend on 4-hour or daily, but majority advises to abandon MACD on Flat. Nevertheless, it is possible to play for MACD in range also. To do this you need a 15-30 min interval, and slightly other parameters of signal linesand MACD. I suggest you to play with coefficients and see what will be after. This tool has several hidden features starting from the divergence method finishing to usage of ostsilators over the MACD itself. Everything depends on the willingness of the trader to find his own weapon…

Find out how you can make money with a good Forex trading software to generate you massive income in the Forex market.

Forex Trading Software
FOR IMMEDIATE RELEASE

PRLog (Press Release) – Jul 28, 2009 – How many times have you undergone heavy currency trading losses while you were in bed? Or how many times did you genuinely feel that you could have beaten the game only if you could have comprehended the chart signals earlier? Of course, Forex trading has proved to be a magnificent online money-making business, but the key lies in utilizing the correct tools for hitting the right deal at the right time.
How to find the best automated forex software can be hard to do. With so many out there you find yourself asking this question over and over. All you know is that you want a program that help to make better trades so you can benefit from it.

How to find the best automated forex software can be hard to do. With so many out there you find yourself asking this question over and over. All you know is that you want a program that help to make better trades so you can profit from them. You may have bought a program recently that didn't live up the hype o the price since some of these auto programs can be quite expensive. But not to worry there are some out there that fulfill on the promises. Now I will show you what to look at when purchasing one.

Tips to look out for when buying an Automated Forex Software
The interface of the program: Look for the easy to use ones. The more complicated the harder it is to operate and if you have trouble operating the program than the potential of losing money is higher. Like the motto goes "Keep it simple"

Instructions: Now that that your looking for a simple program, you need to make sure there is a manual or better yet a video demo showing all the features and options for the product. It may be easy but to use it properly you still need help with it. The more you know about the product you're using the smoother things will work.

Refund policy: Last but certainly not least the refund policy. Refund policy is crucial to have one. Look for the refund policy about 30 to 60 days. Try it out and if it works than great but if not simply get your money back.

Essentially, the job of the software is to comprehend complex data, like mathematical algorithms, and also to analyze the present market data throughput the day. With volatility of Forex trading, the software is designed also to look after the past data, and point out solution for the present market situation.

This week I have been reviewing a new Social Networking Website targeted towards Forex traders and investors.

Social networks on the internet are often linked with sites such as MySpace, but networking is a time honored business tradition and social networking online is just a fancy way of saying online networking utilizing new internet tools of communication.
This site, is located at FXGround.com, and it is setting out to fulfill a very useful networking niche in Forex trading. Foreign Currency Exchange trading can be a complicated business. It gets more complex as you attempt to understand the tools available in different foreign jurisdictions and markets.

This Forex Site is setup to serve the function of allowing the professional traders, brokers, and firms the ability to review the available products, services, firms, brokers, theories, tools and investment strategies.

This enables people to get a group perspective in reference to all of these items. On the site I've seen it help people identify which services are good or not so good and in the world of Forex where things are not necessarily binary, they can more importantly ellaborate on the situations when a given strategy or trader might be best employed to achieve the desired results.

That is the important thing about this tool. It's very easy to find someone online that will tell you yes or no or promote a product or not promote products. Social networks are extremely useful because you can find people that will tell you yes or no and maybe then they will often elaborate to support their position. That position may get amplified or buried if they provide you good advice or bad advice. The other members of the form will often jump in and either attack bad advice or support good advice.

In addition to networking, social networking forms essentially allow people to network ideas and concepts and knowledge.

Better strategy to win the forex trading game is picking a forex trading system and sticking to it. Try to follow the guide lines and look for long term trends in the currency market. A perfect trader in forex is one who can understand these factors and feel the pulse of the market before striking gold.

Forex stand for Foreign Exchange Market (FX) which is always marked for its geographical dispersion. Currencies from all over the world are bought and sold for profit in the forex market. Investors are the real players in forex trading. Forex market welcomes the investors of all income size and any background. If you are thinking to make profit in the forex market you should have a sound knowledge of the currency market.

To start your global Forex trading you need to open a Forex account first. Just fill in the application form and sign the margin agreement which let’s the broker intervene at any time. Here are some tips one must know before dealing with the forex trading or forex exchange
Know about the currencies that you want to trade with. Try to get the details about the country whose currency you’re trading in the forex market. The more you know about the country more profit you can make, currency you are trading with. With the knowledge of the country you can better understands the strategies of the market and will be able to predict the movement of the money.

Whenever I mention Forex trading to someone, the first question I’m usually asked is, “What the heck is Forex trading?” Well, I’m prepared to answer that question right from the beginning: Forex trading--also known as the foreign exchange market or FX--involves the buying of one nation’s currency and the selling of another nation’s currency. These units of currency are always expressed in pairs, such as EUR/USD for the Euro and the US Dollar. The currency being purchased will be listed first, while the currency being sold is listed second.

Forex trading usually revolves around the world’s major currencies, with more than 80 percent of the market devoted to the Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), Swiss Franc (CHF) and the US Dollar (USD). Trading takes place 24 hours a day, as one session begins when another one ends. Major trading centers are located in London (the largest), Tokyo, New York, Singapore and Hong Kong, although others do exist. Trading is closed on the weekends.

While the average person can participate in Forex trading, the majority of the moves are made by major players such as governments, corporations, and investment banking institutions. Leading currency traders include: Deutsche Bank, Barclays Capital, UBS AG, Royal Bank of Scotland, Citi, Morgan Stanley, Goldman Sachs, HSBC, and Lehman Brothers. There’s a lot of money to be made, and the daily turnover is over $3 trillion (with a 41% increase between 2007 and 2008, alone).

Many savvy investors find Forex trading preferable to that of the traditional stock market. The usual reasons given are twofold:

1.Simplicity - Okay, Forex trading isn’t exactly simple, but there are a lot fewer commodities to keep track of. If you combine the New York Stock Exchange and the NASDAQ, there are over 8,000 stocks to monitor and analyze. With the foreign exchange market, there are only four major currencies and thirty-four second tier currencies. 38 is a lot more manageable of a number than 8,000.
2.Stability - As you probably know, the traditional stock markets are prone to wild swings due to fluctuating interest rates and the general Bear/Bull mentality; this isn’t the case with Forex trading. If one currency isn’t performing up to expectations, the trader can always look to make a profit with another one.

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or “FX” or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $2 trillion a day. Compare that to the $25 billion a day volume that the New York Stock Exchange trades. Making money in such a market should be easy, right? Not necessarily. But it can be done. And with the advent of the internet, its now more easier than ever for the average person to get involved in speculative forex trading. In the past, forex trades had to be carried out through a broker and the initial requirement was that you could trade only if you had about ten to fifty million dollars to start with! Today, carrying out a trade can be done by anyone from the comfort of your home or in front of any pc with internet access using an online trading account.

The fact that there is so much risk and yet so much potential involved with forex trading is what draws most people to it, sort of like gambling. Its all about the adrenaline rush. And making money, of course.
There are many benefits and advantages to trading forex such as no commissions, no middlemen, no fixed lot size, low transaction costs, a 24 hour market, no one can corner the market, leverage, high liquidity, free “demo” accounts, news, charts, and analysis and “mini” and “micro” Trading

However, the speed and complexity of market movements can be a deterrent to aspiring investors. Unless you have a trading system you follow and a good grasp of the forex market, you can find yourself struggling.

So many new entrants into the forex market always tend to search for the ‘ultimate’ forex trading system. And there are so many such trading systems being flouted on the internet as the next best thing.

A good trading system will provide you ‘signals’ or ‘alerts’ about market movements as they arise based on popular Forex indicators like the Relative Strength Index and MACD lines. However, what you need is a complete trading system, one that gives you a trading strategy or ‘auto trade’ option, not just a signal service.

With time, it is important that you take the time to develop your own trading strategies. Take the time to sit down and thrash out your entry and exit tactics.

This article discusses forex trading robots and how profitable they are in reality when trading a live account.

Forex trading robots are becoming increasingly popular with people buying these trading robots in their droves. It’s easy to see why because most of them promise healthy profits and can be easily integrated into Metatrader4, but how profitable are they in reality?

Well it should be pointed out that nearly all forex trading robots will have compelling sales pages, and impressive looking performance records, but you have to be careful about building your hopes up too much about any particular program. A lot of them give back-tested data which although may seem impressive, also means that in some cases they may not actually have traded their robot with real money.


That’s not to say all of these trading robot programs are a scam, however. Some of these robots have indicated that they are profitable when back-tested over several years, but also turn out to be profitable when used now trading a live account.

The unfortunate thing is that in a lot of cases the only way of finding out if a particular trading robot is profitable, and can therefore make money for you when left to run on autopilot, is to actually buy the system and try it out for yourself.
There are many forex trading robots on the market nowadays. Some are a complete waste of time while others are very profitable. If you do a bit of searching online and buy a few systems you will quickly discover which programs are worth continuing with, and which ones should be refunded.

You have very little to lose by trying out different systems because you can always ask for a refund within a set time which gives you plenty of time to try out different systems using a demo account to see how profitable they are.

Don’t expect vast profits from forex trading robots. The ones that claim they’re super profitable and promise you that you will become rich beyond your wildest dreams are generally the ones worth avoiding. The best automated trading robots will steadily increase your bankroll over the long run, helping you to make slow and steady profits.

Always look for those trading programs that generally make more winning calls than losing ones based on past performance, and that adopt a solid stop loss strategy to minimize any losses. These systems are usually good candidates for making long-term profits.

Forex trading is not a get rich quick scheme. You can of course make a lot of money, but the key is to use sound money management rules and use a solid trading strategy, which is where forex trading robots come in. The best trading robots will trade automatically for you using tried and tested strategies devised by the owner of the robot, and can often make very nice profits for you in the long run.

For reviews of individual forex trading robots please click here to read James Woolley’s Forex Tracer review and Silicon Forex review.

Whether you’re a stock broker, mortgage broker or loan officer, FOREX trading is an essential part of one’s portfolio. FOREX trading is an extremely lucrative, yet volatile and risky market. The facts state that 95% of FOREX traders lose money in there first year of trading. Why then must FOREX be considered a part of one’s portfolio? Simply because trading FOREX has the potential to make anyone who is willing to learn the FOREX market thousands of dollars per month.

It wasn’t until recently that average everyday people were able to trade in the FOREX market. Now it’s easy to obtain a mini account, fund it with $300 and off you go. However, if trading the FOREX market were this easy, then everybody would become millionaires and this just isn’t the case.

FOREX trading requires consistent analysis of the market. There are two ways that FOREX traders assess the market. The first is what is known as fundamentals. Fundamentals rely on news events such as, CPI, retail sales and home sales. FOREX traders will make a projection for upcoming data and place their trade based on their speculations of upcoming news events.

Another type of FOREX trader is what we call a technical trader. FOREX technical traders rely on chats and mathematical formulas to place their traders. The idea is that history repeats itself. Based on historical patterns FOREX traders can use this data to predict price movement in the future.

There is no proven method to trading. Some people claim to have found the Holy Grail to FOREX trading. However, through my experience it’s best to develop your own method of trading. Decide the best time to trade, develop good money management, and set goals. A lot of experienced FOREX traders trade the London and New York overlap between the hours of 9:30 am GMT and 2:00pm GMT. The reason for this being is that during this time the market moves a lot and becomes extremely volatile. Many FOREX traders are extremely good when it comes to managing their money.

The key to success in FOREX trading is to block out your emotions and anxiety. A true FOREX trader will discipline themselves to stick to their trading style regardless of what happens in the markets. Many people feel as though just after a few short months of trading successfully in a demo account they are ready for the real thing. Take your time and really learn how the FOREX market works.

Foreign Exchange is market where exchange of currencies takes place for another currency. Foreign exchange is the market where exchange of currencies takes place for more and different number of foreign county. Foreign exchange is nothing but buying and selling of foreign currencies in exchange of another. In the foreign exchange market, more of number of foreign currencies will be exchanged by the members and other traders with fluctuations of market price.

The rate of exchange fixed for the foreign currency varies as per the demand and fluctuation of foreign exchange market. Foreign currencies will be exchanged based on the requirement and demand for other foreign currency. The entry of any foreign currency is free and any number of counties can enter the foreign exchange market by buying and selling foreign exchange currencies. Sometimes, the foreign exchange market may finds fluctuations for the foreign currencies listed with respect to political and economic condition of the foreign currency in the market.

Finding Investment Opportunities in Currency Exchange


Excecutive Sumarry about Finding Investment Opportunities in Currency Exchange By Y. Tilden

Having an understanding of global market behavior will save investors from losing valuable investments and improve their odds for profit. Interest in the currency exchange market is growing, and investors with knowledge of global market behavior have an added advantage, as the money exchange is highly influenced by the global market activity. The currency exchange market differs from the NYSE in several ways. This difference in market opening time is one of the reasons why trading volume is so much larger on the currency market. Unlike the NYSE where transactions are centralized, the currency market is completely decentralized. Many factors make the currency market a highly lucrative investment market over the NYSE.

If you are a regular person with a 9to5 job who is looking for a way to earn extra money, you should consider entering the Forex market and trade. However, it also has its risks and people who have traded in Forex without the proper knowledge and skill have lost large amounts of money. Some have suffered extreme financial losses. This is why it is crucial for you to have enough knowledge and skills when you trade in the Forex market.
Another reason trading robots have grown in popularity is that individuals want to be able to trade profitably without learning how to develop their own trading system. As a result many are searching for the best Forex trading robot programs with expert advisors and forums available to them.

But the rising fame of robot consumption leads to the manufacture of substandard versions with the aim of are a compute trash of precious property. Round about robot manufacturers swear get-rich-quick schemes to marketplace their products. This ought to take place a pitfall with the aim of new to the job traders ought to take place aware of. Not all trading robots are efficient. With the infestation of the robot marketplace, decision well brought-up and efficient ones can take place tough. It is principal to work out a lot in life of seek earlier deciding on a robot to asset.

You would have seen that there are thousands of people who make huge amounts of money through Forex Trading which seems to be a very good way of money making. Many people think that this may be a Fake or Illegal option to make money but believe me its not really Fake unless you perform all the transactions illegally. Lets first understand the Basics of Forex Trading and how the system works.

Forex – Foreign Exchange – Fx
A Forex Trading Market is a Business Marketplace where currencies are traded Online or Offline in real time. When you are selling some currency , someone is buying it making it a complete transaction and people try to buy currencies for a lower price and sell it off for a higher price in order to make a commission which is the main profit from Fx Trading. The Trading can be done 24 hours a day for five days in a week with markets in New York, London, Sydney, and Tokyo.

Its not Easy Money because you need to do good amount of research before you start buying currency and also when you try to sell it off. The currency you first buy is called as ‘Base Currency’ and this is usually in USD[United States Dollars] which is most traded currency ie around 90% overall. The currencies are called as EURUSD, USDJPY, USDCHF and GBPUSD which means that Euro Vs USD currency sales.
One of the most familier reason why people Trade with Forex is because of its highest liquidity which means that when you are in need of money you can sell of your base currency instantly and get the current rated money , where as in other mediums of business its hard to get back the money instantly. 100:1 Leverage – Trading on Margin would mean that you can trade upto 100 times more than what amount of capital you have in your account.

The foreign exchange (currency or forex or FX) market is not subjected to one trading place. It exists wherever and whenever one currency is traded for another. Because foreign exchange is an OTC market where brokers and dealers negotiate directly with one another, there is no need for central exchange or clearing house.

An important factor separating the seasoned traders from the amateurs is online forex trading.
Unlike exchange-based markets, FOREX markets operate 24 hours a day. Therefore, FOREX dealers view their customer positions concidering online forex trading most carefuly.
It is easy to demonstrate that online forex trading is is important. A total lack of online forex trading would mean risking everything on any one trade.

Online Forex Trading used by successful traders to leverage their winnings and create real wealth. Improved your trading skills to the point that you are mastering online forex trading can begin applying the Leverage System.

Forex is also considered by the name foreign market exchange or FX. Those concerned in the foreign exchange markets are usually the biggest, most wealthy business organizations and banks from around the world. They trade in multiple currencies from many countries to create that balance between those who will profit and others who might in all probability suffer fantastic losses. The fundamental principles of forex are similar to that of the stock market found in any country, only much bigger and complex. Forex dealing involves individuals, monies and transactions from all across the globe between every last country.
Currency rates rise and fall on a daily basis so the measure of the dollar on one particular day of trading could be higher or lower the next. Forex trading can be hard to keep track of so you must dedicate yourself to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. Primarily, trading in the forex exchange occurs in Tokyo in London and in New York, but there are also many other locations around the world where forex trading does take place.

The most heavily traded currencies are those that include (in no particular order) the British pound, Australian dollar, the Swiss frank, the United States dollar, the Eurozone euro and the Japanese yen. You can cross-trade currencies as well as mixing the trades between currencies to acquire extra money and daily interest.

The times when forex exchange will start at one hour and then close while other markets are opening. This is seen also in the stock exchanges from around the world, as transactions are starting in one time zone while making other transactions during various times. The conditions of forex trades in one region might create various results in another forex exchange as the countries take turns opening and closing with the time zones. Rates of exchange will be different from a forex exchange to another, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.

The nature of the stock exchange is dependent on various products and their value as well as other financial factors that will change the price of stocks. When people find out a business event is going to happen before public disclosure, it is called insider trading, the use of illegal business intelligence to buy stocks and make money - which by the way is illegal. There is not so much inside trading in the forex trading markets. Financial trading is a basic part of the forex exchange but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.

A three letter code is attached to every currency on the forex exchange so no confusion exists when knowing which currency one is trading from or into. The euro is the EUR and USD stands for the US dollar. The British pound is the GBP and JPY stands for the Japanese yen. If you are interested in contacting a broker and becoming involved in the forex markets you can locate several brokers online where you can check out the company’s profile and type of forex transactions ahead of throwing your money down the drain.

Automated Forex Trading Software operates precisely the way the name suggests. An extremely sophisticated piece of software utilizes complex formulas to choose the best time to trade currency. Then, depending on the type of software you have, it will either indicate the action you need to take or make the trade automatically for you.
Allowing a piece of software, commonly termed a "Forex Robot" to make trades for you may sound quite chancy. However it is actually a lot safer then acutally doing it yourself. The automated forex trading robots have the ability to be online and working 24/7 able to catch every nuance of the markets - unlike humans who need to eat and sleep.

In addition, computers are able to analyze large amounts of data which for a person would be nigh on impossible. The other factor which limits peoples is our tendency to allow our emotions to sway our decisions perhaps reacting from nervousness, greed or fear rather than completely logically as a computer can. A computer doesn't make these errors,

Using automated forex trading means:

You don't need a lot of money to get started, you can usually start with as little as $50.

You will be making money regardless of the direction of the market.

Trading for as little or as much as YOU want to.(A benefit only offered on the Forex market).

Ability to operate 24/5 - 24 hours a day 5 days a week. You can earn money while you sleep!

There are plenty of ‘ Forex trading robot ‘ in the market. These forex robots provide a solution for people who want to trade the forex market with no human intervention.Fap Turbo robot is the latest and one of the best forex trading robot or software .
This Automated forex trading robot is created by 3 IT Students named, Steve, Mike and Ulrice. They took advice from Marcus Leary’s and then come out this powerful forex trading system. Fap turbo robot is designed to work with the forex trading platform Metatrader 4.

According to FAP Turbo’s winning rate in the past 9 years has been 95% on average, You can watch Live Proof trading account by visit the website. This forex robot is capable to double your accounts in every single month. Based on history, the most money it has lost at any one time is 0.35% of the account.

One of advantage of FAP Turbo has a built-in stop loss function that prevents your possible losses from getting bigger. So your potential losses will be small and limited. Based on this, this forex robot would be to say that is safe with compared to other automated trading systems.

FAP turbo is a powerful combination of 2 strategies, which are short term scalping strategy and long term advanced Fap strategy. The software is easy to set up. All you need to do is download the automated trading robots and start trading within minutes of installing. You can start trading with as little as $50 and let the robot trade on your account to bring you profits.

If you are looking for an automated Forex trading robot that can make money with very little risk, you can take a look at the FAP Turbo robot & start with demo account first before go live trading.

To read more about forex automated trading system visit : FAP Turbo Robot


Joel writes informative articles on various subjects including Fap turbo review. Read more at FAP Turbo Robot review

How can one make good and fast money? Online Forex Exchange Trading is one way many people think answers the question asked. And to do so we bring you some Forex Trading Softwares that will help you learn Forex Exchange Trading and make good money.
When we talk about online Forex Trading, we have several types of Forex Trading software. To cut it short, we may use the automated Forex Trading Software or the manual trading software.

And just to give you a brief idea about both Forex Trading Softwares, well, the automated trading software timely updates online and showcases the latest exchange rates that prevail in the market. It then automatically executes a move which sets an exchange.

The other system, manual exchange trading system, just gives you online updates of exchange rate. You then, according to your own stats, call the broker and make a move.

However, some of the best Online Forex Trading Systems include:

•FAP TURBO
•Forex MegaDroid
•L.M.T Forex Formula
You can download these Forex trading softwares right here by just clicking them. All of these exchange trading systems have well designed Forex formula that ensure you never face a loss.

FXDDAuto provides FXDD clients a fully automated trading system that executes signals and strategies from third party signal providers in an FXDD trading account.

With the FXDD Auto platform, traders have the ability to monitor, control and configure trades from signal providers. A trader's presence is not required to enter or exit trades. Execution and money management is automatic, and includes trailing stop losses, stop and limit orders and trade updates.

The advantages of FXDD Auto are:
Fully automatic trade execution on a remote server.

Trade for only 1 pip commission. NO SIGNAL FEES!

Multiple signal providers on same account for diversification.

Stable, robust and easy-to-use platform.

Trade from $10k lot size upwards.

Never miss a trade – work, sleep, and other commitments will not interfere.

Transparent trading results from signals providers. Trade notifications by email for opened/closed trades.

Trade notifications by e-mail for opened/closed trades.

Three modes of money management available. Free 30-Day DEMO with trading signals.

Assists traders with overcoming the barriers of trading (e.g., poor money management, lack of discipline, and portfolio management).

Multiple systems available - trade an unlimited number of signal providers.

The FOREX is a term that stands for the Foreign Exchange Market. It is in this unregulated market that people are able to make money but turning over different types of currencies. The FOREX is different than the Stock Market or the NASDAQ, because the FOREX will report the exchange rate at which the currency is trading at, against the US dollar. If the rate changes, depending on the economy, a profit can be made by exchanging one currency into another type of currency.

One of the latest ways people have found to make money is by trading currency. Trading currency is not the same as trading baseball cards instead it can have large banks and companies exchanging one type of currency for another. Trading different currencies is completed on the FOREX market.
If interested in using FOREX as a way to make money, it is also advised to consult a wide variety of FOREX trading forums. These forums will have information on tips and tricks, along with upcoming trends to watch out for. There will also be a high number of FOREX ventures willing to explain everyone to you. In this case, there is no other reason not to begin trading FOREX.

Overall to make money using the FOREX market, would require the person to spend at least one month to a couple of months investigating how the FOREX works. Based on this, trading on the FOREX cannot be viewed as a get rich quick scheme. Because the dollar can be so volatile in the amount it is worth, it is advised not to invest more than you can afford to lose.

Many brokers in the Forex trading offer a demo account to their clients to ensure a smooth business in foreign trading. This is a kind of account that uses fake currencies and it is used to conduct virtual trades. You can avail this demo account for absolutely free.

There are many advantages of having a demo account in Forex trading. The most important benefit is that it shows conditions of the real market. In most cases, the brokers will open this demo account for their clients for a month, but there are other brokers who are often generous to the clients and keep this account open for as long as they want. This is of course to create an impression that the brokers are not just after money, but in fact they want to offer some genuine services as well to their clients.

When the demo account is opened, you will have to provide some personal information to the brokers. This to ensure that they are in contact with you and help you in getting a real account.You can also use the demo account to test different trading strategies until you find a system that works for you. The main reason of having a demo account is to ensure that you do not feel broke when you start doing Forex trading and things do not happen to work in your favor.While there are some advantages of having a demo account, there are few drawbacks as well. Forex trading can never happen without any kind of risk. You may be using a demo account so that you can get used to handling a real account in the future and when you are using this demo account, you won’t feel any real emotional effects because of using fake currency.

If you are not financially disciplined, you can end up blowing every penny you have, including your life savings while looking to make a large profit quickly. Keep in mind that when you lose a lot of money in a real Forex trading account, it’s no laughing matter.

Overall, having a demo account is a great tool to learn about Forex trading. You should always keep a check on your finances and make wise decisions while doing Forex trading. You should never wait until that point when you have lost everything.

If you are interested in forex trading I think it is time for you to start off by getting some good forex course or forex training. Forex Trading Course is a necessity for everybody who interested in this field. As you knew there are a lot of money is involved in this business. If we don’t have some forex trading knowledge or experiences that supposed we got from forex training, I am sure we will lose a lot of money. May be some of us not even know what is forex trading. Forex that stands for foreign exchange is basically exchange of currency between various countries. By doing this we hope gain some profit.

To get forex trading course we can go through online and search from various online forex course. We can also get forex trading course from our local college campus.

Online Trading Academy is well-known as an online services that offering forex trading course. Their online trading course is free and contains with many video tutorial that really helpful both for beginner and professional who want to get more knowledge in forex trading. I think their website is full with tools that we need if we want to involve in forex business. Online Trading Academy is also has every resource that we need whether in forex market, stocks and options. It is hard to find website that provide some kind of source that relatively complete for us.

Trading with a broker.

Foreign exchange brokers, unlike equity brokers, do not take a stand for
themselves, but only the banks. Their role is to bring together buyers and sellers in the market in order to
maximize the price they show to their customers quickly, accurately and faithful implementation
operators of order.
A greater proportion of foreign currency through brokers to execute business phone system using the box
- Microphone on the front of the agent continues transmit everything he says is a direct consequence
telephone lines for the speakers in the banks. Thus, all banks can hear all the transactions are executed. Because box system used by a broker, a broker is able to hear all the prices, if supply
was a success or an offer to take the following prices. What is it, a seller will not be able to hear the amount of
various bids and offers and the names of banks shows pricing. Prices are anonymous. The
the anonymity of the banks that are traded on the market ensures the effectiveness of the contract, and all banks have a
possibility for trade.
Sometimes the brokers a commission to be paid for the buyer and seller. Awards
negotiating on an individual basis by banks and brokerage firms.
All brokers and their customers the prices that other users or both directions (supply and supply)
prices or one way (bid or offer) prices for its customers. Traders show different prices because they
“read” the market differently, they have different expectations and different interests. And who is a broker
more than one price on one or both sides automatically optimize the price. In other words, the broker
always display the highest bid and lowest offer. Thus, the market has access to the most optimal
possible extension. Fundamental and technical analysis is used to predict the future direction of
currency. A dealer can test the market to hit a bid for a small amount to see if there is a reaction.
Another advantage of brokers in the market is a broker to provide a wider choice of bank
its customers. Some European and Asian banks in the wake of the tables and their orders are usually placed
with a broker who can deal with American banks, adding liquidity to the market

The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market Established
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.

The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.

Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.

Forex or Fx means Foreign Exchange. Forex trading is an excellent opportunity for investors to make money. Forex trading means buying or exchanging one currency with one another. Most important players here are Banks, Governments, Currency speculators, and other institutions.
Forex Trading, Why Forex.
Forex is the most important factor for any country. Forex reserve determines the status of the country. Forex or FX is the most important asset today. It is one of the greatest opportunity to make money. Forex Trading means trading in the currencies. In the FX market one currency is traded or exchanged with another currency. One of the Unique factors of the forex market is the volume of the trade that happens in the forex market. According to the latest estimates morethan 4 trillion US dollar per day.

Unique factors of Forex (FX) Trading
•Volume of the trading that happens in the market.
•The liquidity factor. Currency determines the liquidity.
•Trading hours. The market is open for 24 hours a day.
•High Leverage Margin
•Low margin of profit compared to other investments and trading. But the return on investment increases on the volume of the trading.
There are many advantages of Forex trading. FX Trading gives you the greatest return on your investment.One of the greatest advantage of Forex trading is its high leverage margin. It allows you to trade hundred times more the amount you invest. It allows you to make an investment decision any time because the market is open 24 hours a day.
Forex market gets affected by various factors. Political, Economical and market factors. Learn forex trading because it gives you a great opportunity to make money. Learn the factors control this factor. Learn how to make money. Learn advantages and disadvantages of the FX trading.

The popularity and interest in forex trading has resulted in a number of automated systems to be developed. This was a market which only saw banks and other large financial investors as players but these days it has become attractive to medium and small time speculators. What happens here? Did you know that trillions of dollars worth of transactions take place here round the clock making it the most energetic financial markets of the world?
Now that there is internet and advanced computer technology in place, any one with an internet connection, a forex trading account and good brokering knowledge can trade in forex. Close and constant monitoring is required if you want to keep your position as the global market never sleeps. You could choose a currency and its price before hand with the help of these automated systems. All that’s required is a small seed amount and a broker because your buy and sell orders would be executed instantly.

The automatic forex trading systems can help you reap the profits of the market despite the fact that you are not a professional trader. The trading program built in the automated systems, can easily execute all your trades for you. Therefore automated systems help you save time as you do not handle the trading yourself. When you monitor the market well, the auto trading system can help you trade multiple accounts simultaneously; this was never fully possible ever with manual trading. These systems have the advantage of trading with multiple systems in more than one market.

With these forex trading systems that operate automatically, you can trade any time of the day or night and you do not have to be present. It is impossible to miss any profitable trade, even when you are nowhere close to your computer. Taking advantage of multi-prong forex strategies and various systems therefore becomes easy. Each system is designed to be activated by some specific trade factors so you can spread your investment and get maximum returns with minimum risk accordingly.

The best part about these automated forex trading systems is that it does not take into consideration any human factors which often stand in the way of making rational trading decisions. You can now have the capacity to manage several currencies and monitor and trade them too.

to enjoy sustainable profits. Even if you use the top-end automated systems, there is no guarantee of success as the forex market is guided by a number of factors and variables. The automated forex trading system allows you the flexibility of customizing it to suit you.

The Spot FX market or "Forex" used to be limited to banks and long term investors, plus those who had masses of capital money. Trading would take place via a guy shouting what what going on on the trading floors or a "voice broker" which has gradually been replaced by automated computerised systems.

It is now actually possible for the retail investor or "home office based trader" to trade real time with the banks through the environment of a broker using computerised trading platforms which may have live desk traders placing trades either in the brokers books (95% of traders lose money so it's in their interests not to trade for real), or for real - for the winners.

A forex trading strategy must usually comprise of two main components - technical analysis and fundamental analysis. The technical side is looking at the charts and using mathematics to reflect the movement of the market and the fundamental side requires knowing about important market-influencing economic news and announcements.

So let's talk about fundamental analysis in your forex trading strategy. Every day, figures are released which are designed to reflect certain economic circumstances of a country. Some of these announcements for example "Non-Farm Payrolls" will almost certainly have an unpredictable affect on the market depending on previous data and implications of the figures released. A hard, fast rule for beginners trading (and veterans) is to stay out of the market during important announcements. You can find out where to get these by taking one of our courses.

Technical analysis will involve the use of indicators on charts to bring out areas of support and resistance areas where the price may either "get stuck" or "stop and reverse" in the opposite direction. One of the most popular (and accurate) methods of calculating support and resistance levels is the use of "Fibonacci". The sequence of numbers discovered by Fibonacci 750 years ago is a proportion found in nature (for example pineapply rind or sunflower seeds) and is commonly learned in high school math. Did you ever get a question "What is the next number in this sequence....1,1,2,3,5,8,13,21,X?" That is the fibonacci sequence.

When we put the fibonacci numbers against each other we get a percentage ratio which can be plotted on out chart (you don't need to be a math whiz - most forex charting software does this for you). This will bring out key areas of potential support and resistance for each move on your charts. Using Fibonacci in combination with indicators showing momentum or strength of the current market can give you a strategy to be profitable on a consistent basis because a mathematical rule in forex is "what has happened before will happen again - history repeats itself".

Profit is made in forex trading much like in traditional business - in fact call to mind a haberdashery! You make a profit by buying at a lower price and selling at a higher price. The difference in forex is that it is also just as common sometimes to be able to sell at a higher price and then buy at a lower price. The profit can be made in both direction.

The process is simple. A trade is placed (either a buy or sell or the base currency) which automatically (sells or buys) the opposite currency in the pair. The price will change live every fraction of a second and for example if you bought the GBP/USD you have bought the pound and sold the US dollar. You want the value of the pound to rise and then you will sell your pounds (in other words "close your position") and make a profit on the difference in value. This can be done in seconds, minutes or hours.
The broker takes his cut and you're left with a little less than the actual "distance" the price has moved.

Due to brokers allowing you a leverage of up to 200:1 on your capital, you can control a lot more money than you actually have. Since you are buying one currency and selling the other, not all of your capital is at stake really. Only the proportion which will be lost or gained considering the change in value of the currency pair you are trading together.

If you want to find a forex trading system that works then you need to look at one key fact to determine if it will give you forex trading profits - so here it is...

Fact: Well over 95% of the forex trading systems sold on the net have never been traded and carry the disclaimer below, read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

The vast majority of forex trading systems on the net carry this disclaimer and it really is of no use in telling you if the system will make money.

Let's face reality - anyone can make profits simulating in hindsight knowing the closing prices but we don't have that luxury when we trade! You also have to think that if a vendor doesn't have the confidence to trade it himself why should you?

Today anyone can sell a forex trading system easily online and make money not from the system itself - but by using clever advertising copy to appeal to greedy and na�ve investors and vendors know and do this. If you want to make money from a forex trading system try and find one with a real track record, that's been traded and ask the vendor some questions about his forex trading strategy - if it's a marketing company only you won't get a reply!

Forex trading is not as easy as buying a mechanical trading system from a vendor following the signals and piling up big profits - life is simply not like that. If you find a forex trading system with a track record make sure your comfortable with the drawdown and look at the worst peak to valley drawdown ( if you joined at the worst possible time ) and be prepared for that loss.

While you can follow a forex trading system to make money by far the best way to make profits is to build your own. While this may sound daunting its not and you can put together a simple robust method for currency trading success in a few weeks. A further advantage of developing your own trading system is you will know how it works have confidence in it and that will give you the discipline to trade it through losing periods.

We will look at how to build your own forex trading system for profits in part 2 of this article series.

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Trading systems that operate automatically
The automation of forex trading has resulted in gaining in its popularity. Small and mid level investors are now getting into the foray of what was once only dominated by banks and other large financial institutions. This is the market where one currency is traded against currency of another country. With trillions of dollars being traded twenty four hours a day, it makes this one of the largest and most dynamic financial markets.

Now that there is internet and advanced computer technology in place, any one with an internet connection, a forex trading account and good brokering knowledge can trade in forex. This global market place is open twenty four hours a day so if you want to stay abreast of market developments, you must keep a constant watch. You could choose a currency and its price before hand with the help of these automated systems. All you require is your seed money and a broker because your buy and sell orders can be executed in no time.

You can profit from forex trading without becoming an expert as these automated systems can make this happen. Automated trading through managed accounts, the program itself takes the responsibility of trading for you. Therefore automated systems help you save time as you do not handle the trading yourself. When you monitor the market well, the auto trading system can help you trade multiple accounts simultaneously; this was never fully possible ever with manual trading. These trading programs allow you to play in any number of markets trading multiple systems.

You do not have to be present and can trade any time you like with the help of these forex trading systems. Even when you are absent from your computer, you can not miss a single trade. The system helps you to deploy all the profitable forex strategies using a variety of systems. You can divert your investments and minimize risk because each system is geared to be triggered by different trade indicators.

The automated forex trading system also does away with all human emotions which often affect rational trading decisions. It enables you to manage and monitor many currency pairs and trade them as you deem fit.

You can not expect consistent and sustainable profits if you do not pay attention to learning the basics of trading because no automated forex trading system can help you with these. The market is dictated by several factors; therefore there is no guaranteed success by simply using automated trading systems. You can customize the automated forex trading system according to your specific requirements.

is one of the most lucrative segments in the business industry. It is not a wonder why people swarm to do commerce in forex market. One of the essential steps to take by potential traders is choosing their forex brokers. Broker can act on your behalf to carry out trading transactions however in certain cases there will limitations according to what has been agreed during your application.
It is important to choose the right forex brokers as they carry the potential risk of your investment while it incurs cost to your trading expense. There are few helpful criteria to consider in choosing your forex brokers.
In the past, some traders were victims of non-refunded accounts when many forex brokers went unsuccessful with their business operation. Hence, they started to implement strict laws in US and UK that governs the forex brokers. It is important to note that your preferred forex brokers should be regulated either by the CFTC or NFA in the US and FSA in the UK. These will ensure that you are dealing with legitimate brokers.

Know the trading platforms of the forex brokers. A recommended trading platform should show actual prices that you are able to trade. Avoid platforms that offer only indicative prices. As this will also contribute to your trade execution, it is therefore necessary to opt for platforms that you are comfortable to use with. Always prefer a platform that matches your particular needs.

There is a term commonly used in the forex arena known as spread. It refers to the difference between the amount you buy or sell a certain currencies at a specific point of time. As there is not central exchange market in forex, the spread will proportionally vary depending on your preferred forex brokers. Spread can be stretched into two amounts which is dependent if either it is daytime or nighttime. Spread can also vary accordingly to the level of trade. Ideal forex brokers should have a fixed spread.

Forex trading or foreign exchange currency trading involves selling one currency to buy another. Some of the most commonly traded currency pairs are USD-CHF (US Dollar / Swiss Franc), EUR-USD (Euro / US Dollar), USD-JPY (US Dollar / Japan Yen), and GBP-USD (British Pound / US Dollar).

The main Trading centers of the forex currency trade are New York, London, Frankfurt, Tokyo, and Sydney. They are located in different time zones due to which the forex trade functions 24 hours a day.

There is no central exchange or location where the trading is conducted, and most trades are executed between two interested parties who use the phone or other electronic means to communicate.

The main market for forex currency trading is the inter-bank market, in which banks, insurance companies, corporations and other large institutions trade to manage the risks associated with fluctuations in foreign exchange rates.

The forex market is by far the safest trading market in the world. There are no corporate board rooms, CEO's, company directors or any one else that can take sensitive corporate information and pass it on to someone who could take part in Insider Trading. There is no way for that to happen in the Forex Markets.
Individual forex traders can trade in the over-the-counter (OTC) market, which does not have any exchange or clearing house, and has limited regulation. Individuals can also trade in forex futures and options at a regulated exchange like the Chicago Mercantile Exchange.

,b>Currency traders are no longer the preserve of large institutions. Anyone can learn how to trade forex, and do it from anywhere. Individuals can trade in the forex market from their homes by means of a high speed Internet connection.

To be successful, it is essential to have access to up to date information about the latest changes and trends in the forex market. You can sign up to get a forex trade signal via e-mail, SMS, or through software installed on your desktop.

The importance of Forex signals could not be overlooked, as these signals escort the most apposite entry and exit points to the market. If you, as an investor in forex trading market, are able to find best trading signal provider, you automatically become eligible to earn huge profits. Forex trading is most enchanting investment options, only if you are able to access right set of tools like trading signals. These signals mark the probability of success as well as failure for every investment in forex trading.
Forex signals are the basic entities, which are capable of letting your investments to flourish in right direction. Here are few ways, by which forex signals provide help to the investors:


•Forex signals help the investors to draw a thin line of difference between profit and loss segments of the market.
•Forex signals help to evaluate the existing market prices of various world currencies and help the investors to decide, which currency to but.
•Forex signals provide minute-by-minute report for fluctuating nature of forex trading market.
•Most importantly, forex signals make use of most efficient tools like daily candlestick charts, hourly candlestick charts and minute-by-minute candlestick charts to provide latest information to the investors.
Thus, it is important to choose best trading signal provider to ensure better investments in this direction. You may learn some worthy tips regarding this by visiting 10 Minute Forex Wealth Builder, an online guide offering various tips and tracks for trading in world currencies.

In this system, I trade the EUR/USD, the GBP/USD and the CHF/USD currency pairs. I make use of my trane journey to work in the morning and again on the way home in the evening to catch times of the day when these currency pairs trade more like momentum driven markets rather than the wild and outlandish markets that occur during the UK financial trading office hours of the banks and major financial institutions between 8am GMT and 5pm GMT. The results have been good. I can't say that I have a particular set of rules or method for getting in and out of the market. It is more based on instinct and gut feel which after 10 years watching and trading financial markets you start to get a feel for. You can sense when there is support for a trend by the way the price moves on the chart. When the trend is up and the price ticks more quickly upwards then when it is retracing, the volume is still driving price up. If you are looking at an uptrend and the price is not moving upwards very quickly but as soon as it moves down the price is quick and fluctuating irratically with surges then it would appear that the bulls are starting to lose power on the uptrend to the bears.



Once you have a method, the best thing is practice practice practice. If you have never traded, or if like me you have and had your confidence knocked, I can't recomend the use of Forex Tester software, which you can get here.... IT IS BRILLIANT and relative inexpensive for the benefit it gives you to be able to test methods and systems before you put them into action in the real markets.
For my Forex trading, I tend to use a breakout from consolidation as a means of entering the trade in the direction of the trend. This captures the initial upsurge in momentum which is needed to get the trade into a free trade quickly.



I set a stop of 20 pips and a target of 22 pips on every trade entry. If my trade gets to 10 pips in profit then I move my stop to break even. This way I am in a free trade - no matter what happens I can't lose anything but I can still make my 22 pip target. If the prices start moving quickly and irratically more in the direction against my trade I may take a small profit of a few pips or more if it looks I will get stopped out at break even anyway.



I have learnt twice from bitter experiance - never never never ever ever trade Forex during UK office hours - as a miniscule amateur trader the sharks will eat you alive. All the nice little gains you make in the before and after hours sessions get taken back in no time. Some examples are presented below of such results.



Please note that the results presented here are using risk control and money management techniques but the leverage I am using is far outside what anyone would recomend. This is because I am starting with a very small trading account balance - £100 to start with a spread betting account. I am risking £20 per trade which equates to 20% of my account balance or 10 times the normal recomended limit. This is because I am comfortable with the small amount I am starting with and the percentage of winners that I know I can achieve trading the hours that I do. To get this level down to 2% I would have to trade through a Forex broker rather than through a spread betting company. I find it much easier to set up accounts with spread betting companies than with brokers hence the situation. You could say that I am trading with a virtual £1000 trading account risking £20 per trade but only starting with a £100 trading account balance.

Online Forex trading is more popular now that most everyone has access to a computer and internet. Unlike the stock exchange, the Forex does not have a particular place for trading to take place. While trading takes place all over the world, online Forex trading makes this process more convenient than ever.
Transactions in the Forex are traded very rapidly. The Forex is open around the clock on every business day of the year. Trading begins every morning in Sydney, Australia and as the business day in each country begins, the Forex online trading opens around the world. Online Forex trading allows banks, financial institutions, brokers and speculators to trade their currency rapidly and with ease. Online Forex trading is also a popular way to change foreign currency because it happens in real time with no delay.
Because online Forex trading makes exchanging foreign currency so easy and accessible to millions of people, many are trying to learn the ins and outs of the Forex. Brokers and financial institutions can offer advice on investing in the Forex. Brokers will also do the actual trading for the consumer. However, many are willing to learn to trade on the Forex on their own. When learning about online Forex trading it is imperative to understand everything there is to know about the Forex. Many online websites can offer potential traders tutorials and demos on how to get started in online Forex trading. Practicing on the demos helps speculators learn the basics of online Forex trading.
Also, another tip to learning online Forex trading is to study the news, including international news and news relating to politics, economics and finances. Inflation, changes in government and taxes just to name a few all affect the Forex on a daily basis. It is crucial to understand how these changes affect trading and the value of currency.

If you are serious about getting into currency trading, then you would do well to learn at least the basics of Forex trading online before you ever submit that first order. In order to get a handle on the essentials, you can make use of several basic suggestions that will serve you well throughout your trading career. Here are some valuable tips that will help you learn to trade in the Forex market and be successful.
One of the first things you need to learn is that you have a great deal of knowledge to acquire. Many people jump right in and learn as they go. Sometimes that works without a lot of problems. However, many people who go this route end up losing a lot of investment capital before they begin to get the hang of the process. Before you make that first attempt at a trade, spend some time learning the basic terms and how to go about researching the background of a given trade you are considering.



Books on Forex trading can be a great way to go about learning the basics of Forex. One rule of thumb is to go with books that are written with the beginner in mind. Often, they will go to slightly more effort to explain some of the terms you will need to know, as well as provide easy to understand scenarios to illustrate each of the basic procedures involved with trading. Also, make sure that the books you read were written in the recent past. While many of the fundamentals never change, there are a number of variables with this type of investment. Older books may contain information that is out of sync with current market conditions. You will do much better if you learn based on the here and now.



Along with books, check into online resources to broaden your education about the Forex market and current trading methods. There are a number of web sites that are devoted to the subject of currency trading. Many of them will include a wealth of articles that deal with one facet or another of the process, and can provide excellent food for thought. Along with the articles, you may also come across a message board or forum that will prove to be very helpful. The forums allow you to begin networking with others who have an interest in the Forex market, and pick up some valuable trading tips.



If possible, you may want to learn the ropes of Forex trading by finding a mentor. By working with someone who is very experienced with the market, you will have the chance to try your hand at deals while someone is watching over your shoulder. This approach can allow you to learn as you go, and probably will also make it possible for you to pick up some valuable tips that would take years to acquire. A mentor may be a trusted associate who is willing to take you under his or her arm, or a professional that works with you for a fee.