Analytics

Thursday, May 17, 2012

The Resemblance Between Marriage and Currency Trading
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My experiences in life are filtered through my trader eyes. For example, yesterday I went to a wedding and realized that there is a lot of resemblance in a successful marriage and a profitable career as a forex trader. Read more and judge for yourself... 1. You need commitment to succeed. It is easy to have an opinion about marriage when you are single. But living the life of a married man, or woman, is a different story. Committed couples work every day on their happiness. They handle problems in a mature way, and understand they will only get out of marriage what they are willing to give. Many people have an idea of what currency trading is, and later realize that the reality is different. If they are not committed, when problems arise, they will fail for sure. 2. There will be difficult times. When you find a couple that has been married for 25 years do you think everything was nice and easy in their lives? I am sure there were times when things were hard. That is why we admire them, they were able to overcome problems and made their marriage work. Successful traders go through difficult periods on their career, but they never quit. Remember: winners never quit and quitters never win. You need to handle your losses in a mature way or your career as a forex trader will be doomed. 3. Many marriages fail, that does not mean marriage is a scam. Many marriages end up in divorce, that is the equivalent of a trader's account been wiped out. Just because many fail that does not mean you have to join them. If you do things in a different way you will have different results. Developing the right mindset is a good start, for example. People that get married aspire for a long lasting relation; investors who trade seek profit; in both cases many will fail. Promise yourself that you will succeed no matter what, people with strong resolutions have big power over their lives. Finally I want to say that if you want a profitable career trading currencies find good mechanical system with positive expectancy, and sound money management rules. I know trading the forex market can be a rewarding occupation; you need no special skills or natural talents to become a successful trader. Anyone with the determination and the right information can learn how to trade. FREE Trading System!
Invest Tips - Top 3 Secrets of the Rich Forex Traders
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Are you considering forex trading as an investment alternative? Would you like to be one of the few who profit? In my experience successful traders have no special talents or skills; but they think and do things differently. Here are some ideas I want you to analyze. 1. Do nothing. The forex market is open 24 hours a day; but that does not mean you should have open positions all the time. Successful traders trade only when there is profit to be made. You should take into consideration that there are periods when the market is active and periods when it's not. This may sound strange but some times doing nothing can be very profitable. 2. Pull the trigger even if it hurts. You should always trade when your system tells you, even if it hurts. Sometimes, after a series of consecutive losses, taking the next trade can be very difficult. But this next trade is the one that will help you recover from your losses and make some profit. Consistency is the difference between rich forex traders and everyone else. I know it's hard, but the rewards can be enormous. 3. Be loyal to your money management rules. You should always adhere to sound money management rules, never deviate. Most professional forex market traders agree that you should risk between 1%-2% max on every trade. This will allow you to avoid wiping out your account and at the same time help you make some dollars out of the market. Some traders try to recover their losses increasing, recklessly, their positions and end up wiping out their accounts. Sometimes traders think they know where the market is headed and make bigger bets on their assumptions. If you go into a roulette table and bet all your money on the black, just because the ball landed on the red on 10 consecutive spins, you are going to lose all your money. This is called gamblers fallacy. You should always follow your money management rules, no matter how sure you think you are of the outcome. I know trading the forex market can be a rewarding occupation; you need no special skills or natural talents to become a successful trader. Anyone with the determination and the right information can learn how to trade. The only thing you need is good mechanical system with a positive expectancy, sound money management rules, and above all self-discipline.

Wednesday, May 16, 2012

Top 4 Excuses To Avoid Forex Investing
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Many of the reasons some people use to avoid giving the forex market a try may have some merit, but most of them are excuses. I know the forex market is a good alternative, and if you stop talking yourself out of it you will be able to make some money. Lets take a look to some of the main excuses. 1. I don't have money to save and invest. You don't need to be rich to trade the Forex Market. One of the main advantages of currency trading is the minimal capital needed to open and fund your account. You might be able to start trading with only $10 dollars. When you are on your learning stage, you can open a demo account and trade live without putting any of your dollars at risk. So your first approach to the forex market is free. 2. Trading is too risky. There is the same amount of risk involved in trading the forex market as there is on anything else in life. As long as you are prepared you can keep your risks under control. Many people never take important decisions hoping to avoid risk. Sometimes when you think you are taking the safe path you are increasing your risk. Did you know, for example, that if you save your money in the bank there is a 100% chance to lose some? Huh? Yes, the interest the bank pays you is always lower than the inflation. That means your money is losing value every day; at least for you, cause the bank is making profit taking risks (with your money). 3. Trading is to complicated, I will never learn. Many, self proclaimed, experts want you to think trading is complicated; their job depends on that. There is a big industry that feeds on peoples fears and ignorance. The truth is anyone with the determination and the right information can learn how to trade, it's not that hard. 4. I don't have the time to trade. I can't quit my job. Successful forex traders only take positions once a day or once a week. So, you don't need to quit your job to trade in the forex market, and you don't need to be in front of the screen all day to be a profitable investor. I know trading the forex market can be a rewarding occupation; you need no special skills or natural talents to become a successful trader. You could use, the forex market, to complement your salary or as your main source of income. I hope this was helpful information!!! FREE Trading System!
Beating Your Emotions in Forex Trading
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The psychology of Forex is an important element of trading currencies and your emotions will certainly affect the way you trade and invest, in the Forex market. Although embracing the psychology of Forex trading is important too, sometimes you just want to beat your emotions - or at least minimize them as much as you can. Although humans have many emotions, the two most destructive emotions in currency trading, are greed and fear. If you're profiting, you can get greedy and when you're losing, you can get fearful. However, in both cases, if you do succumb to these emotions you will most likely lose everything. All Forex traders and investors have emotions. The difference between successful currency traders and ones that fail, is that successful ones know how to control their emotions effectively. Remember, currency trading psychology is only one aspect of trading currencies; hard work is ultimately required, to succeed in the currency market. However, psychology is important too in currency trading and if you can control your emotions effectively, you will a greater chance of profiting consistently in the long run. Firstly, make sure that you have a good Forex trading plan and you remain disciplined with it. Adopt good money and risk management within the plan too and stay consistent with the techniques you choose. Money management techniques such as protective stops should be used. A Forex trading system is a must, if you want to take currency trading seriously and ensure your long-term success in the FX market. Your system will be individual to you and will include your Forex trading strategy. You must follow the Forex trading rules that are laid down in your system and again, you must stay both disciplined and consistent with your system. Don't trade Forex all the time - this links in with your Forex trading strategy and system, in fact. The Forex market is volatile and doesn't move in straight trend lines, so understand this and don't trade currencies all the time; be aware of the fact that retracements can occur in the currency market. If you are new to currency trading, then focus on long-term investments - place long-term orders. It's better to trade a trending market than a indecisive one. In conclusion, there are many ways in which you can limit and beat your emotions in Forex trading, including: having a good trading plan, having a good trading system and knowing when to trade, as well as when not to. At the end of the day, if you want to beat Forex trading psychology, you need to focus on staying disciplined and consistent. This way, you will consistently make rational decisions and you will remain calm, which is exactly what you are looking for. Remember, no matter how successful you become in the FX market, your emotions will always be there, but as long as you learn and know how to control them then you needn't worry about them. In fact, you will probably eventually embrace them, as your emotions will keep you interested. FREE Trading System!

Tuesday, May 15, 2012

Trading Forex With Interest Rates
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Some economic announcements are known for their immediate impact on the currency markets. One of these announcements is interest rates. Typically, countries with higher interest rates are more likely to attract foreign investors as they can expect a higher return on their investment than they could expect should they invest locally. As currencies are traded in pairs, this means that the currencies of countries with higher rates can often rise against those with lower rates. So why do interest rates rise? If an economy is doing well, growth is rising and unemployment is going down, with consumers spending more of their money. This starts to boost inflation as the demand for goods increases. As the role of central banks is to maintain a certain rate of inflation, central bankers begin raising interest rates to reduce consumers' disposable income, which in turn slows the rate of inflation. Interest rates significantly contribute to the fundamental value of currencies - as stated above, higher rates attract foreign investment, and this increases external demand for the currency. At the same time, when central banks pump rates up it has the same impact as withdrawing funds from the economy, which further reduces supply and increases demand for the supply that remains. And, as in any market, higher demand and lower supply puts upward pressure on the price of that currency. Central banks can also create a reverse scenario by lowering rates. If an economy is doing badly with stalling growth and rising unemployment, consumers are more conservative with their money. When the central banks lower interest rates, it is in the hope that consumers, who have extra cash now that their mortgage repayments aren't so high, will start spending that extra money and give the economy a boost. However, this also causes foreign interest in the currency to fall, because the return on their investment isn't as high, which means that sellers start to outnumber buyers and the value of the currency starts to fall. This makes rates and rate announcements an essential point of research for anyone interested in forex trading . However, although these rules may hold up in 'normal' economic conditions, there are often exceptions, where a currency with a lower rate may outperform one with a higher rate. For instance, if an interest rate is rising due to concerns in the market about credit risk in an economy, then that currency is likely to fall, regardless of the central bank rate. In Australia, the AUD has benefitted from relatively high interest rates since the global economic crisis. However, if rate cuts continue it could become more vulnerable. FREE Trading System!
Find Your Risk Comfort Zone
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Are you trading within your means? In today's volatile markets, the price range of a single day's trading can be quite large. If you are trading wisely, you are defining your risk exposure before you place your trade, and usually this is done by using a stop-loss. But where are you placing your stop-loss? What are you using to define your risk exposure? At the very least, you may be using the range of previous day's price action as your allotted risk. For example, if you are entering the market LONG (buying) when price moves above the high of the previous day, perhaps your stop-loss is placed just below the low of the previous day, or current day if lower. The logic behind this is that if you are going LONG (buying), you expect current lows to hold and are hoping for higher-highs to be made instead. Unfortunately, some accounts are not large enough to handle the risk exposure some markets would present when using a complete day's trading range. How much might one consider risking on any given trade? Well, to answer this question requires several variables, including the win/loss ratio of the methods used, the gain/loss per trade averages, and what you can psychologically handle. This is clearly going to be different for each trader. W. D. Gann advocated risking no more than 10% of the account on any given trade. Well, that may work well for someone of W. D. Gann's caliber, but it may not be for you. For ANY person, however, the amount should NEVER be more than 10% and more likely should be LESS. Simple math will help you determine whether your wins vs. losses and the average profit and average loss numbers will put you ahead if you divide your account by 10 or 20 equal size chunks to risk. But math will NOT have any bearing on the psychological variable that should be addressed. Suppose that trading one contract of a certain market, say Soybeans, would require that you risk 10% or so of your account. If the market moves against you, say 50-75% of the total risk amount, leaving you with just 25% from being stopped out, would you start to feel uneasy? Do you find thoughts starting to flood your mind about possibly getting out now rather than losing the whole 100% of the risk amount, or debating with yourself as to what to do next? The real measure of whether you are trading within your psychological comfort zone is if you look at the trade in negative territory, not yet at your stop-loss, and feel indifferent about it. If it gets stopped-out, not a problem. If it is not stopped-out, great. It does not matter how large or small your trading account is. What does matter is the amount you are risking in relation to the size of your account. Your account may statistically be large enough to handle the risk of one or more contracts. Yet, if you start feeling some discomfort or pain when the market does not immediately move in your favor, that is an indication that you need to SCALE DOWN your trade size to a more manageable level. What prevents some traders from doing this and therefore not only enduring unnecessary discomfort but unnecessary losses or lost opportunities for gain? GREED first...then FEAR! The GREED factor comes into play when a trader is so sure of the trade he/she is entering and wants to get the maximum profit in the shortest amount of time, that a position is put on that is really larger than should be put on. Thoughts of big profits cloud better judgement, and once the trade is on and moves in the direction the trader does not like, the mounting unrealized losses start to cause the trader to feel FEAR. At this point, judgement is clouded and the wrong decisions are most like going to be made at the wrong time. GREED is destructive to a trading account.
FEAR is destructive to a trading account and trader's psychology now and for future trades. What would you rather have: A. An account that slowly grows and grows, month-after-month. B. An account that quickly gets wiped out because lots of chances are being taken to make the big killing in trades. At the end of the trip, I'm sure you would want to be in the green and playing on the green, rather than in the red and your account is dead. Okay, so you have decided that you are going to control your GREED and FEAR by trading more manageable lots. But what if the trade setups seem to produce too much risk for even just one contract for the size of account you have? Today, there are several markets that you can trade MINI lots. Currencies, grains, metals, indexes and others have MINI-sized contracts. Of course some are less liquid than others and may be much less than the full-size contract. However, there is enough liquidity in many of these to make it worth looking into. Now, if your mind is immediately thinking that you will not get as big a bang per tick using a MINI as the regular size contracts and that starts to bother you, you are already falling back to the original problem of GREED. Of course a single contract in Soybeans might move 15, 20 or 30 cents in a day (at $50 per one-cent move) that equates to anywhere from $750, $1000 and $1500 per contract (respectively) in a single day. But keep in mind that if the market moves against you, that amount is what you have to endure as a potential loss. But if you were to trade the Soybeans MINI contract, which is one-fifth the size at just $10 per one-cent move, then you're looking at daily moves of $150, $200 and $300 per day. If you cannot feel calm about a move against your account of just $300, then your trading account is seriously too small for trading and you should consider adding additional funds before you do any trades. The point is that you must find YOUR comfort level. You must discover how much draw down you can have that does not make you concerned at all. If you start to feel a little tinge at some loss amount in respects to your account size, note the percentage of your account that the loss represents and LOWER it by at least 1 percent as your comfort ratio. Then DO NOT exceed that ratio at any time for all future trades. FREE Trading System!

Monday, May 14, 2012

Design a Trading Strategy
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One binding aspect typifies 99% of the trading strategies that we develop. The finished product does not stay completely true to the initial design. All development projects go forward in one of two ways. You can either pursue a task from the peak to the bottom, or you can build from down to up. The former alternative represents the old way of thinking, especially within higher education. When professors assign homework, the requirements never change. The project remains unchanging. Reality hardly ever cooperates like that. Instead, people change their minds. They watch the work underway and decide that a minor tweak might dramatically change the outcome. The expert advisor programmer is forced to constantly accommodate to the shifting goal posts. I repeatedly tell clients that they will alter their minds about a number of the rules during the process. Many stand firm that they will not. The clients do, naturally, predict that the conditions will work. Then, the rules surely change for nearly all of them. Theory goes out the window. The traders ascertain the real issues that expert advisors grapple with in the market. Coders created a new methodology to adapt to the regularly shifting rules. It's called agile development. This issue does not only take place with Forex traders. It also happens to businesses developing web sites, database programmers saving data, and in effect any project that involves human beings. People are prone to changing their minds. It's our condition. Agile development is the programmer's acknowledgement that getting upset at clients for changing their minds is not practical. The agile blueprint segments a project into time periods with an arranged list of goals. The crew decides which goals are most important and achievable within the allocated window. The window starts and everyone rushes to create as much code as possible. Everyone regroups after 2-6 weeks to rank the progress and to transmit the updated version to the client. Most expert advisor tasks only span a few weeks, so an exact replication of the agile blueprint would not adjust very well with creating a trading strategy. We throw the strategy development approach on its head by assigning sorted goals with a cutoff of 1-2 business days. The goal is to expedite communication, which is inevitably the most difficult obstacle in this field. We also make the evolution less established to expedite things along. The speedy answers suggest a succession of yes/no responses. The customer either gets fired up that it works properly, or more presumably, feels that we did not interpret him correctly. The truthful goal of this strategy is to get the user away from going over the concept for the 1,000th time in the same, identical way. The previous explanation did not help the plan move along. Consumer comments from functioning software guides the programmer into comprehending the thought on his own without making the client feel like he's echoing himself. I like to think of it as the consumer steering the driver's wheel while the programmer controls the gas pedal. The strategy development process only works when the steering and power move in synch. Overcoming expert advisor programming challenges When consumers feel like an expert advisor has not made the desired progress, the first step is to assign goals one at a time. Too often, we receive reports with 20 different bugs. The emphasis on priority falls away as the desire to "fix everything and fix it now" drowns out the details of each request. I always like to take a step back and reaffirm our commitment to developing the strategy, but we can only handle so many issues at a time. I have a very patient client in New Jersey (I never though I'd say "patient" and "New Jersey" in the same sentence") who ordered a lot of custom elements in a basic expert advisor. Most of the complications arose from the fact that I had to remotely access his computer with LogMeIn to do the programming. His indicator only has one license. Purchasing a second for the expert advisor programming was not economical. The requirements to remotely access the computer and the amount of custom code turned a simple plan into a complicated one. The way I addressed the issue was to remove almost all of the custom components and to replace them with code from our usual template. Now that the customer sees that the "strategy" stuff works, he found it much easier to write a checklist of bugs to fix. More importantly, seeing critical components of the code working reinforced his confidence in the company's programming ability. Although he remained patient throughout the debugging process, I could hear the flagging confidence in his voice before we switched gears. Changing the direction of the project showed him that the expert advisor actually does work; it's the little pieces and how they fit together that are the problem. Of equal importance was the fact that he felt confident in my ability to deliver the results that he wants. The client gets full credit for releasing control of the debugging process, even when he wasn't entirely comfortable doing so. The notion of papering over the custom steps with pre-programmed template code struck him as a step backwards. He nonetheless followed the programmer's lead, letting him drive the process with himself providing feedback where it was needed. Both parties agree that we're once again heading in the right direction. The consumer sees obvious progress in his expert advisor. The programmer is able to manage the debugging process in a methodical, organized manner. Everyone is happy. Realistic strategy development The most realistic way to develop a strategy is to acknowledge that you don't exactly know where you're going. You know it's likely to involve a certain indicator and that it either trends or ranges. The best way to get ready for the journey is to acknowledge in advance that it is indeed a journey. You more than likely will make changes, most of which you cannot expect. It's 100% certain that something is going to go wrong when you program your first vision. It's your strategy, but it's really a two-man team that builds it. Make sure to pick someone that knows what do when problems come up. Before you make a choice of your programming partner, be sure it's someone that you genuinely trust to get the task done. You definitely want to work with someone that offers excellent communication skills and knows the importance of a timely response. Organizing the vision and overcoming unanticipated challenges assists everyone get back to their true passion of trading. FAP Turbo Here!
Forex Trading with a Full-Time Job
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If you have a full-time job but want to also participate in Forex trading, you will need to work around your job hours. You might feel tired after working all day, but you can't wait for the weekends to trade as the Forex market is closed on weekends, much like other financial markets. It will be most likely worth your time, effort and money in the long run though, as long as you try your best. You can make a lot of money by trading currencies part-time. In fact, one day you might even quit your day job and decide to take up Forex trading for a living. But if you are a beginner and don't want to quit your day job just yet, or if you simply want to keep currency trading to a part-time basis and are more interested in making additional income each month, then you will need to learn how to balance your work with your currency trading. Currency trading after work can be difficult. You will have limited time to follow through with some Forex trading strategies, with scalping and day trading being out of the question really. You could try scalping and day trading, but these are very short-term strategies and aren't recommended for part-time Forex traders. You could of course trade Forex at night, but the lack of sleep would be detrimental to your performance both at work and at home trading currencies. The best way to trade Forex whilst working a full-time job, is to choose a strategy that is easier to follow; if you have a full-time job, you will want to focus on long-term Forex trading strategies. These types of strategies will allow you to stay away from your computer for much longer, in fact, you will probably not even have to check your computer some days - for whatever reason if you can't get to your computer, it won't matter since you will be trading long-term and only looking to take your profits months (or maybe even years) ahead. When focusing on long-term profits, as mentioned already, you won't have to spend as much time Forex trading. Using longer-term support and resistance lines, you will be able to spot trends, patterns and breakouts. You will then be able to act accordingly. Most Forex brokers will be able to provide you with all of the software and tools that you need to trade long-term, within their trading platforms, making currency trading much easier and more stress-free. Just remember, whatever your strategy may be, just make sure that your Forex trading is not forced into your life. If you cannot trade currencies properly in good time, you will not be relaxed or calm when making decisions and placing orders. This will lead you to make poor and irrational decisions, which is not what you want. So in order to remain relaxed, calm and rational, ensure that you have some time each day to sit down on your own and dedicate to Forex trading. Understand your goals in Forex trading early on, whether it be to make a certain amount of pips of profit in one day, one week or one month. Sort out which time frame you are going to be trading currencies in. As mentioned already, you will probably want to focus on longer-term strategies, such as carry trading. Shorter-term Forex trading strategies such as scalping and day trading are not advisable, as they require more hours of work to actually get anywhere in terms of profit. Strategies like swing trading aren't ideal either for those who work full-time jobs, as they can be difficult to manage, with all of the signals and positions involved that require a lot of close attention. Long-term Forex trading strategies are even more preferable for those who will not be able to get any access to their trading platform during their working hours, during the day. Although many good Forex brokers offer mobile trading platforms and such, sometimes it's just not feasible and some people just want to remain professional and not get distracted at work - which is completely understandable. Allow your Forex trading strategy to compliment both your lifestyle and your personality, for optimum results. Just keep focused on and dedicated to Forex trading in the time that you allocate to it and eventually, you might even be able to quit your day job and trade Forex full-time. In conclusion, it is possible to take up Forex trading whilst working a full-time job. It's all about studying and practicing regularly like other successful Forex traders, whilst also taking into account the restrictions that come from working a job full-time. Whilst trading currencies part-time, you will most likely want to focus on long-term Forex trading strategies. However, if you do eventually quit your day job and begin to participate in currency trading full-time, you might then want to change up your Forex trading career and focus on short-term strategies. Whatever you decide to do, just ensure that you take it slow and don't rush anything. Your discipline and consistency will be your key to success. FREE Trading System!

Sunday, May 13, 2012

Don't Think About Taxes While You Are Trading Currencies
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What do you feel when you hear the word; taxes? If you are like most people you will feel stressed, at least. For many different reasons, you should never think about taxes while you are trading currencies. Read more to learn why... First off, you should never base your trading decisions on taxation. Some governments have different tax rates for different length investments. They tend to benefit people who have a long-term approach. If your trades are open for less than a year you will be taxed with the highest rate. However, this should not influence your trading decisions. The only reason you should enter a position in the market is because there is profit to be made. And the only two reasons for closing positions are, one because you want to limit your losses, or two because you want to take profits. Benefits in the tax regiment should never be in the traders mind. Secondly, weight the risks of investing in a tax heaven. Some people try to avoid taxes by moving their money to tax heavens. The problem is that countries with lax tax-laws tend to have lax laws in every other area. You won't be paying taxes, but your bank, or broker, could disappear in five minutes. Not to mention that you may be breaking the law in your own country by trying to hide money from your government. And Third Just like in poker, you should never count your money while your sitting at the table. Sometimes trades that are showing a gain will end up as losers. You can't know if a trade is going to be profitable or not until it is closed. You can check your tax obligations, only, when you get your final balance. If you aspire to succeed as a forex trader, then you definitely would like to do everything by the law. Doing things right is a big advantage. Forex trading is a very profitable business, you don't need to squeeze money from the government. Trading can be a rewarding occupation. Anyone with determination and the right information can learn how to trade. The only thing you need is good mechanical system with positive expectancy, sound money management rules, and above all self-discipline. You could use, the forex market, to complement your salary or as your main source of income. Start-up costs are very low, the schedules are very flexible, the potential profits are very eye-catching. I hope this was helpful information!!! FAP Turbo Here!
Forex OCO Open Order - What Does the Term OCO Refer to in Market Trading?
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When trading the commodities markets or the Forex market, the term OCO is often you used as part of opening an order. When OCO is added as an open order it can be part of a very important trading strategy. Under certain circumstances, not using it could lead to opening an unwanted trade and costing you a lot of money. Therefore, knowledge of the OCO order is very important if you want to find success trading the Forex, or actually any type of market. In this article, we will explain what the term OCO refers to and exactly what an open order is as well. An open order is certainly one trading concept that is easy to understand. It simply means you place a particular order and wish to have it remain as an order to be filled until it is actually filled. Another term for an open order is OTC, which means open till canceled. As you can see, this is grammatically incorrect because it should actually read OUC, or open until canceled. However, OTC is the lingo that has been used in trading markets forever. A trader has the opportunity to place open orders regarding the same trade at the same time. Why would anyone do this? Because a trader may look to close a winning trade when it reaches a certain level and at the same time protect himself against losses should the market turn against him. For instance, he may seek to grab profits on a winning trade should the market move in his favor. If this trader looks to get out with a profit of 20 pips, he would place a limit order of 20 pips above where a particular buy order was filled or below the point where a particular short order was filled. By doing so, the trader will lock in profits as soon as soon as the Forex pair reaches this level. However, the market could turn against this trader and cause a major loss of funds. Therefore, it would be wise to place a stop loss order in the opposite direction of where the limit order had been placed. Of course, the limit order and the stop order would be open orders or OTC orders. So, what would happen if the commodity moved to the level where the limit order had been placed? This would be great because the trader would now have locked in a profit of 20 pips. The bad news is this commodity may turn in the other direction and trade at the stop level he had previously placed. If this happened he would now hold another position in the opposite direction of where he previously held his last position and this person may not want to be engaged in this trade. What's worse is he may not even realize this. This of course, would make it possible for him to lose a lot of money. To prevent this from happening, the correct procedure is to open both the stop order and the limit order at the same time and to open them specified as an OCO order. This way, when either the stop or the limit order is filled the other will be canceled immediately. This will prevent these unknown losses from ever occurring. Here in lies the power and beauty of using a Forex OCO order. FAP Turbo Here!

Saturday, May 12, 2012

3 Reasons to Avoid Trading Currencies While Traveling
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For many different reasons, some people choose to trade currencies form abroad, they may be away on business or maybe they are on a vacation. The motivations and reasons vary. There are going to be as numerous reasons as people. Are you currently one who has thought about trading currencies form abroad? In the event you haven't yet actually made up your mind, here are three good points that you really should think about: First, Just because, thanks to the internet, it is possible to participate in currency trading all over the world, it doesn't mean that you should. You traveled for a reason. If you are away on business you can't let your trading distract you. If you just needed a break, don't let the forex market ruin your vacations. Second, You need to focus to trade effectively. For several reasons traveling can affect your trading. Maybe you won't be able to find a Wi-Fi connection, you wont have time to spare, there is no silent place for you to concentrate and trade comfortably, etc. Unless you are going away for a long period, giving trading a break should not be a problem. Third, taking a break from time to time is healthy. Which means that trading the forex market should never get in the way of you living your life. Sometimes you need to take some distance, it will help your trading and your mindset! It can be the difference between profit and loss. Remember you trade for a living you don't live for trading, you need balance in your life to succeed as a forex trader. Trading can be a nightmare if you let it suck your life away, you should make an effort to avoid this common mistake You definitely would like to avoid trading while you are abroad, unless you are going away for a very long time. The forex market will still be here when you are back, and you will have new energy and a clearer mind. You can't think of the currency market as a regular 9:00 to 5:00 job. You don't need to check your business every five minutes. Think if the points stated above make sense for you. Trading can be a rewarding occupation. Anyone with determination and the right information can learn how to trade. The only thing you need is good mechanical system with positive expectancy, sound money management rules, and above all self-discipline. FREE Trading System!

Friday, May 11, 2012

3 Top Things To Complement Your Currency Trading Training
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Only traders who are prepared will succeed at forex trading. The other 95% will end up losing money. You can do a lot of things to increase your odds: work on your mindset, find a good mechanical system with positive expectancy, use sound money management rules, and develop self-discipline. You can also complement your trading training with... 1.- Basic Accounting You need to know some basic accounting, nothing advanced. Just learn to read a balance sheet, understand what are debits and credits. You should know where is your money and how it is working for you. Every additional tool you acquire will improve your odds as a forex trader. 2.- Basic Economics Economics is the science of election; every time you take a decision there is a cost. You must realize that the resources you have are limited and you need to make the best possible decisions when using them. If you learn to think about your capital not only in terms of profit but in terms of potential profit you will make better calculations when the time to invest it comes. A basic knowledge of economics can give you a better understanding of how the markets work. 3.- Personal Finance I have seen traders fail because they don't have their finances in order. Remember you need a cold head to trade and if you are using money you can't afford to lose then you are doomed. People constantly seek for instant gratification. Imagine the things you will be able to do tomorrow if you save and invest your money today. Most people don't realize that discipline in their money matters is the road to riches. Do not make the error of disregarding this important point If you aspire to succeed as a forex trader, then you definitely would like to be prepared; add as many tools and skills to your arsenal as you can. Remember learning is a never ending journey. Trading can be a rewarding occupation. Anyone with determination and the right information can learn how to trade. The only thing you need is good mechanical system with positive expectancy, sound money management rules, and above all self-discipline. You could use, the forex market, to complement your salary or as your main source of income. Start-up costs are very low, the schedules are very flexible, the potential profits are very eye-catching. I hope this was helpful information!!! FAP Turbo Here!
New Zealand Exchange Rate: Insights
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New Zealand is an essential gold producer in the world, and its economy is strongly based on the exportation of raw materials, which means a country completely dependent on international trade. That is why the New Zealand dollar is known as a commodity currency... To get a powerful view of how the country's economy is tightened with raw materials, just look at the New Zealand exchange rate every time there's a big event in the commodity market. When gold is increasing, kiwi goes up... The reverse is also true. The country has been growing primarily based on a set of commodities like wool, gold, silver, coal, iron...expanded these nowadays to fruits, wine...Exportation of commodities has a huge contribution to the economy, and we can say that the farming community is the pillar of the New Zealand economic success. Numbers speak by themselves. Agriculture is the biggest contributor sector to the economy, for about 2/3. It implies that more than 60% of New Zealand yearly budget is based on exporting agricultural products (Fruits, vegetables, tobacco...) In other words the power of the New Zealand dollar is strongly dependent on the good/bad prices of these products on the international market... In short, the New Zealand rate, is extremely correlated to commodities, and must, in no way, be analyzed without getting a clear view of the commodities prices. Checking Today Currency Exchange Rates , you will see how significantly the kiwi rose, as well as what gold did. There's also another element about the New Zealand dependency to raw materials: Massive importation of energy products like oil...If you're a kiwi trader or every other trader interested in buying or selling the kiwi, you have to be also concerned by commodities prices on the international market. In case, you would like to buy the New Zealand dollar, and the news let you know that gold spot chart or wool, etc...is increasing, that is a good indication to be in that trade, as well as to maintain it for a fairly lengthy period of time. At the same time, the rise of commodities prices that the country imports will set off a fall of the kiwi exchange rate . All this information is useful for a trader, as well as a tourist or a traveler willing to benefit from the currency rates fluctuations...According to many experts, the New Zealand dollar is one of the greatest currencies to trade in the Forex market. FAP Turbo Here!

Thursday, May 10, 2012

Enjoying Forex Trading and Avoiding Boredom
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Because Forex trading requires a lot of hard work - more specifically a lot of studying and practicing - many traders and investors forget to enjoy trading currencies. Although Forex trading should be took seriously, you should never try to make a living out of anything that you don't enjoy doing. Some Forex brokers have developed innovative ways to trade currencies, making it a lot more fun and enjoyable. Whilst these brokers tend to target beginners, it doesn't matter how experience you are, because you can still enjoy these features that a select few brokers can provide. Some brokers allow you to copy other Forex traders, participate in competitions and more. If you'd like to stay professional though, you might want to continue using your current Forex broker, which is understandable. However, you should try to make your Forex trading experience more enjoyable overall. One way in which you can avoid boredom in Forex trading, is by setting many short-term goals on a regular basis. These will not only increase your interest in your currency trading career, but these goals will also help to increase your profits. So, setting goals is highly recommended. However, ensure that the goals you set are realistic, or you will lose motivation; do set long-term goals, but make sure that your short-term goals and much more easily achievable. For example, if you use more short-term Forex trading strategies, you might set a short-term goal of making a certain amount of money in one day. You then might set out to achieve this goal within a few days or a week. If technical analysis is what you primarily focus on, you may want to consider focusing more on fundamental analysis for a little while. Staring at price charts and graphs can cause anyone to become bored. The news is a lot more interesting and fundamental analysis is more logical, rather than technical. If you are getting bored of looking at software, you should consider studying the news more. Staying interested will definitely help you to stay focused and on track. When you lose interest, you start to get bored and bored Forex traders tend to make mistakes (or more mistakes than others, anyway). Currency trading is about maximizing your profits and minimizing your losses, so you want to minimize your mistakes in order to maximize your gains - so stay on the ball. Ultimately, it will depend on you as an individual, how you try to increase your enjoyment of Forex trading. If you really are struggling, then do consider moving to a more user-friendly Forex broker. Although trading currencies should be boring, it can certainly be fun too. Just stay dynamic. In fact, you might even consider changing your currency trading strategy altogether. There are many ways in which you can mix up your Forex trading routine. Do keep in mind though, that boredom in Forex trading might be a sign of overconfidence. Too much confidence can be bad and confidence is an important emotion, that is also an important part of the psychology of Forex trading. You might want to increase your risk, if you are having a lot of success in the Forex market and are becoming too confident. Do approach this professionally though, ensuring that you adopt good money and risk management techniques. In conclusion, whilst many experience the thrills of Forex trading, some do get bored. It tends to be the more experienced Forex traders that get bored, but beginners can get bored from trading Forex too. If you do lose interest in trading currencies, you should look for ways in which to increase your attention and motivation. FAP Turbo Here!
The Advantages of 24-Hour Trading
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Binary options are a simple, effective and profitable means of investing. This investment method offers an alternative to traditional trading and provides investors of all skill levels with the opportunity to make significant returns based on short-term predictions of an asset. Most binary options platforms enable users to trade across a variety of asset categories - including commodities, foreign exchange, indices, future indices and binary stock options. By offering a variety of assets, users have the ability to research a given asset and take the time to develop a view on how it will move upon expiration time. The wide variety of asset categories available in trading binary options enables users to trade 24-hours a day. Since the range of binary stock options, commodity and indices markets operate in different time zones investors can place their trades regardless of the time of day. Additionally, foreign exchange markets enable investing at all times of the day so investors can take a view on a variety of currency pairs and experience their returns quickly. Having the ability to trade 24-hours a day creates an optimal position for global investors to maximize their profits. By executing binary options at a variety of times throughout the day, they can gain a better understanding of global markets and general market movements. This helps traders to develop an investment strategy so that they can experience financial gains regardless of which markets they are trading within. Additionally, by investing 24-hours a day, users can spread their bids across a wide variety of markets and asset categories. This diversification will assist users to gain a better understanding of the global markets and market movements for the long-term. By developing this understanding a user will know the differences of price shifts in different areas of the world and across asset categories. Since investing is dynamic, building this global knowledge through a 24-hour system helps to provide a full investment picture. The simplistic nature of binary options combined with its 24-hour trading ability, provides an ideal method of trading for investors. Investors can easily execute transactions on their chosen online platform and they can do so on their terms, at whatever time of the day suits their schedule. These advantages of trading 24-hours a day will help users achieve their financial objectives - in both the short and long-term. Developing a view on the wide range of asset categories is simple and will prove to be an effective addition to any investors' financial strategy. FREE Trading System!

Wednesday, May 9, 2012

Forex Trading at Work
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Although the Forex market is open pretty much all day every day, you can't trade Forex over the weekends, because that's around the time when the market closes. So this leaves many Forex traders who work full-time jobs, very little time to trade Forex. Many traders and investors in the currency market then resort to trading Forex at work, rather than at home. Forex trading at work isn't ideal for obvious reasons. First of all, you will not be able to concentrate fully on your actual job and you will end up performing badly. Not everyone is employed and if your boss notices that you are performing badly or even notices that you are trading Forex instead of actually working, you won't go very far. Even if you are self-employed running a business, your business won't do as well if you remain sidetracked. Second of all, if you try to balance your professional work with your Forex trading career, you will most probably ending up deducing a lot more losses than you would normally. Ideally, you want to be able to participate in Forex trading whilst also working your job, but without having to do both at once. You can make a living out of trading Forex and you may well one day quit your day job if you have one and you might then go on to trade Forex for a living. However in the mean time, you should only trade Forex as a past-time. You should still take it seriously, but you shouldn't trade at work and only trade in your free time. Of course this means you will need to balance your trading with your professional work and finding time to trade Forex can be difficult. You have two options, really: 1) You could either trade Forex in the morning by waking up earlier, or you could enter the FX market in the evening. Really, this might depend on your Forex trading system and what trading times you are most interested in; what times you can trade might affect the currencies that you work with, but this is one way of balancing your trading with your professional work. 2) You could focus on Forex trading strategies that are used to make longer-term profits. Many say that these types of strategies are the best. By placing long-term Forex orders, you will stand a greater chance of profiting and you will also not have to spend a lot of time with your trading platform. With longer-term Forex trading strategies, you will be able to set and forget. This way, you will be able to focus on your professional work whilst also making long-term profits in the background. Of course you will still want to do some studying and practice, but ultimately long-term Forex strategies tend to be popular among both beginners and those who don't have a lot of time to spend on their trading. However you approach your Forex trading career, just ensure that your approach is a professional one and that you are able to concentrate when risking your hard-earned money, in the Forex market. In conclusion, you should try to abstain from trading Forex at work. However, it is possible to participate in Forex trading whilst working a full-time job. Really, the two main options that you have are: working for longer hours or focusing on longer-term Forex trading strategies. Long-term strategies tend to be more popular among beginner Forex traders and investors. Longer-term Forex trading strategies are also popular among those who work full-time jobs though, who don't have a lot of time on their hands. At the end of the day, it is up to you how you approach Forex trading. As long as you take a professional approach to your trading, you will stand a good chance of profiting. FREE Trading System!
Put Options Easy to Understand
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What is a Put Option? A put option gives the holder of the stock the right, but not the obligation to sell the underlying asset at specific price during a preset period of time. When you have the right to sell an option, the other party to the transaction has the obligation to buy. That is why it is called a put because you are "putting" the asset into the hands of the stocks seller at the agreed upon exercise price. This causes the option to increase in value as the price of the asset drops. Let's take a look at our earlier example of Widgets and Co to see how a put option works and why it gains value when the underlying asset price drops. It is January 2012.You know that the stock market has shown an extremely powerful seasonal tendency to drop during January and April. Because Widgets and Co shares tend to rise and fall with the market, you want to own a stock that rises in value when the market falls. You want to own a put option. Widgets and Co is trading at 100 in January. You want to acquire the right to sell Widgets a Co shares if they drop in value, so you buy an option with a strike price of 100 and an expiration date of April18. Remember, the strike price is the price at which the option can be exercised. This means that you will have the right to sell Widgets and Co shares at 100 before the April options expire on April 18, no matter how high or how low Widgets and Co shares are. The seller of the put option, who will be obliged to buy from you the shares of Widgets and Co if you want to sell, requires compensation for giving you the right to sell Widgets and Co to him at 100. The compensation you give him (e.g. the price of the stock you pay) is called the option premium. The price of the option in January is 3. Now let's fast forward to April. Let's look at what it will be worth as Widgets and Co shares fluctuate. Remember, the April put option with a strike price of 100 gives you the right but not the obligation to sell Widgets and Co shares at 100 before April 18. If Widgets and Co shares are trading at 80 on the New York Stock Exchange here's what would happen. You would have the right to sell the stock to the person who sold you the option. The price at which you would sell Widgets and Co put option would be the exercise price of 100. Remember, the person who sells the put option has the obligation to buy it from you at the preset price. Therefore, you could buy the stock in the open market at 80 and immediately sell it to the grantor at 100, as is your right under the option. By buying Widgets and Co at 80 and immediately selling it for 100, your net is 20. Therefore, the exercise value of a put option with strike price of 100 is 20 when the asset is at 80. What about when Widgets and Co is at 90? You could buy the stock at 90 in the open market, and exercise your right to sell the stock to the option grantor at 100. When you buy at 90 and sell at 100, you earn 10, which is the put option's value. How about if Widgets and Co is trading at 100? In this case, it really doesn't matter. You could buy the shares in the open market for 100, and exercise your right to sell them at 100. But that would merely be a break even transaction. At the very least, one could state that there is no added value to exercising the put option, so it is essentially worthless. As with a call option, any option whose exercise price is identical to the current market price is said to be "at-the money". How about if Widgets and Co was at 110? You could exercise your right to put the stock to the option seller. But why would you? If you bought Widgets and Co at 110, your right would be to sell it at 100. And why would anybody buy anything at 110, only to sell it at 100? It automatically locks in a loss of-10. Because you have the right and are not obliged to do this, you would do nothing - the option is worthless. Normally, what happens if Widgets and Co shares go to 120? Your right is to sell Widgets and Co at 100. But Widgets and Co shares are trading at 120. So you would have to pay 120, only to sell the shares at 100, thus locking in loss of -20. Because you have the right and are not obliged to do this the put option is worthless. Here is a plot of the put options intrinsic value: As you can see, the put option increases in value as the underlying asset decreases in value. Let's look at another example, using a commodity. In this case, let's look at soybeans. It is November. Soybeans are trading at 7.00 per bushel. The harvest was a bumper crop. You think soybeans are going to go down during the winter. You buy a March 700 put option. March stands for the expiration month. Remember, in futures options the expiration month corresponds to the expiration of the futures contract, not the option. So in this case, the March expiration corresponds to the March soybean futures expiration. March soybeans options actually expire in February. The exercise price, or strike price, in this instance is 7.00, but it is often abbreviated to 700 on most quote machines and in the financial newspapers. If soybeans were 5.00, would you exercise the put option to sell them at 7.00? Sure thing! You could buy soybeans at 5.00 in the open market and sell them at the agreed upon price of 7.00 to the person who granted you the put option. You would earn 2.00 on the exercise thus 2.00 is the put option's intrinsic value. How about when soybeans are at 6.00, would you exercise your put option yes? You could buy soybeans at 6.00, contact the put option seller and put soybeans into his hands for a price of 7.00. You would earn 1.00 on the exercise. What if soybeans are at 7.00? Maybe. But probably not. After all why bother buying soybeans at 7.00, only to sell them to someone for 7.00? How about 8.00? Absolutely not! Remember, a put gives you the right to sell. In order to exercise your put option, you would have to buy soybeans in the open market at 8.00. Then you would sell them at the agreed upon strike price of 7.00. In this case, you would be buying high (at 8.00) and selling low (at 7.00), locking in a loss of -1.00. But remember, you have the right to sell not the obligation to sell, so you do nothing. Thus the put option is worthless. If soybeans are at 9.00, it's the same thing! In order to exercise your option, you would have to buy soybeans in the open market 9.00. Then you would sell them at the agreed upon strike price of 7.00. In this case, you would be buying high (at 9.00) and selling low (at 7.00), locking in a loss of -2.00. But remember, you have the right to sell not the obligation to sell, so you do nothing. So the put option is worthless. Here is a plot of the put option's intrinsic value. As you can see through these examples, a put's exercise value increases as the price of the underlying asset decreases. It does so by giving the put option holder the right to sell at a predetermined price. When the price of the asset drops, the option holder can buy the asset at the current market price, put the asset into the option grantor's hands (i.e., sell it to the option grantor), and collect the agreed-upon sale price, which is the strike price of the option. Stock & Commodity Trading

Tuesday, May 8, 2012

Growing a Small Forex Trading Account
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Many Forex brokers offer very low minimum deposits. This means that you can open your own Forex trading account without having to have much money at all initially. Growing a small Forex trading account can be tough though and it is much harder than growing a larger trading account. You don't have to deposit a lot of money initially, however your first initial deposit should be fairly significant if possible, so that you can stand more of a chance of making profits in the Forex market. If you only make a small deposit, you might lose all of your money and end up giving up. This is because the currency market is volatile. Any sharp market movement could result in a loss that other Forex traders could easily recover from, but those with smaller trading accounts could experience see their positions being closed. If you only have a little amount of money that you can afford to risk, you should first consider opening either a micro or mini Forex trading account, instead of beginning with a standard one and trading standard-sized lots which can prove to be costly if you can't afford to risk much money in the first place. Micro trading accounts allow traders to trade micro lots. Similarly, mini trading accounts allow traders to trade mini lots. Both of these types of lots are much smaller than standard lots. These types of trading accounts allow your money to last much longer. Second of all, you should make sure that you adopt good, proper money and risk management techniques. You will always need a good Forex trading plan, but ensure that your plan is very strong if you intend on entering the FX market with very little capital to work with. You need to, just like any other Forex trader, focus on the maximization of your profits and the minimization of your losses. With a small currency trading account, you will need to trade very safely and consistently. For example, you will not under any circumstances want to place a Forex order that is worth between 2% and 5% of the total worth of your Forex trading account. It is possible to grow a small Forex trading account into a very large one. There have been many stories of traders and investors who have made modest initial deposits and ended up years later as multi-millionaires. Of course in order to make money, you need money in the first place and the more you have, the more you will be able to make potentially. However, if you only start out with a small amount of money, it will most likely take you a long time to build your account up. So, you will need to ensure that you stay motivated and always think long-term. In conclusion, growing a small Forex trading account into a large one is definitely possible, as it has been done before by many traders and investors in the Forex market. It is hard to have a successful currency trading career, but it is even harder to have one when starting with very little capital, for obvious reasons. It is highly recommended that you make a significant deposit initially if you can afford to, but not everyone can afford to risk much money, which is understandable. Those who do make smaller initial deposits and start with smaller accounts, should ensure that they work very hard by ensuring that they study as much as they can and practice regularly just like any other trader or investor should. Trading currencies is not easy, but remember, if you can believe you can achieve. FAP Turbo Here!
What Exactly Is Futures Trading?
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People who have no knowledge about futures contracts wonder, "What is futures trading?" Most of them think that it involves extraordinary financial risk and wealthy people. Though the two things often go hand in hand, this is not the case with futures trading. So, what is meant by trading futures? Futures are contracts to deliver a particular amount of commodity on a certain specified date in future. Some of the commodities which are normally traded include agricultural commodities like soybeans, wheat, rice or metals like copper, zinc, gold, or currencies. Trading futures is entirely different from many other types of investing because a person who trade futures is not required to own or buy the commodity. A trader has to make his trading decision by speculating on the movement of price of a commodity in the near future. For example, if the trader believes that the price will move upwards, he will buy the commodity. Similarly, if he anticipates that the price will fall, he will sell the futures contract. If his prediction holds true, he will profit from the trade. On the other hand, if his speculation turns out to be wrong, he will incur loss. A large portion of future contracts is traded by speculators; most of them liquidate their trading position before the expiry of the contract either making profits or incurring losses. In such a transaction, it is not the responsibility of the investor to deliver the commodity. Speculators play a vital role in the economy because they trade in bigger volumes which affect the price movements of commodities, and thus the economy. Hence, it is necessary to monitor trading volumes to get a clear picture of the price movements. Moreover, speculators make it easier for people who take actual delivery of the commodity to plan for the future. The real buyers and sellers feel comfortable knowing that there is always someone available in the market to buy the contract when the contract is being sold or sell the contract when the contract is being purchased. However, trading futures is a long-term learning process. If you wish to trade futures, open an account with a reputed futures broker who has a good track record. Choose the commodity you wish to trade. And keep an eye on the market to determine price movements to determine your trading position. Use historical price charts, patterns, current news and other important indicators like moving average price and moving average convergence divergence (MACD), to ensure that your trading position is in accordance with these indicators. Always check contract specifications to find out the trading hours of the contract, contract months as well as the last day of trading. You will gain experience when you actually trade futures. As always, there are high chances of incurring losses, if you are a beginner trader . Therefore, it is advisable to trade with a practice account first in order to gain sufficient knowledge and experience before real trading. The price movements and data available in practice account are real-time; hence, you will gain hands-on knowledge and experience without losing any money. After getting acquainted with the futures market, start with a small investment; this will limit the amount of loss. Trade in a disciplined way and don't panic even if you lose in a particular trade. Analyze your strategy and make necessary changes, if any. After a period of time, you will be able to earn decent money, and you will never wonder, "What is futures trading?" like a beginner again. Stock & Commodity Trading

Monday, May 7, 2012

Beating Your Emotions in Forex Trading
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The psychology of Forex is an important element of trading currencies and your emotions will certainly affect the way you trade and invest, in the Forex market. Although embracing the psychology of Forex trading is important too, sometimes you just want to beat your emotions - or at least minimize them as much as you can. Although humans have many emotions, the two most destructive emotions in currency trading, are greed and fear. If you're profiting, you can get greedy and when you're losing, you can get fearful. However, in both cases, if you do succumb to these emotions you will most likely lose everything. All Forex traders and investors have emotions. The difference between successful currency traders and ones that fail, is that successful ones know how to control their emotions effectively. Remember, currency trading psychology is only one aspect of trading currencies; hard work is ultimately required, to succeed in the currency market. However, psychology is important too in currency trading and if you can control your emotions effectively, you will a greater chance of profiting consistently in the long run. Firstly, make sure that you have a good Forex trading plan and you remain disciplined with it. Adopt good money and risk management within the plan too and stay consistent with the techniques you choose. Money management techniques such as protective stops should be used. A Forex trading system is a must, if you want to take currency trading seriously and ensure your long-term success in the FX market. Your system will be individual to you and will include your Forex trading strategy. You must follow the Forex trading rules that are laid down in your system and again, you must stay both disciplined and consistent with your system. Don't trade Forex all the time - this links in with your Forex trading strategy and system, in fact. The Forex market is volatile and doesn't move in straight trend lines, so understand this and don't trade currencies all the time; be aware of the fact that retracements can occur in the currency market. If you are new to currency trading, then focus on long-term investments - place long-term orders. It's better to trade a trending market than a indecisive one. In conclusion, there are many ways in which you can limit and beat your emotions in Forex trading, including: having a good trading plan, having a good trading system and knowing when to trade, as well as when not to. At the end of the day, if you want to beat Forex trading psychology, you need to focus on staying disciplined and consistent. This way, you will consistently make rational decisions and you will remain calm, which is exactly what you are looking for. Remember, no matter how successful you become in the FX market, your emotions will always be there, but as long as you learn and know how to control them then you needn't worry about them. In fact, you will probably eventually embrace them, as your emotions will keep you interested. FAP Turbo: FAP Turbo Here!
Expert Advisors and How To Get Them
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Expert Advisors, or EA's, are custom software that can be executed under the Metatrader trading platform. They are excellent tools for automating trading tasks while participating in the Forex market. So, how to have your own expert advisor? Here's how. Download Expert Advisors Developed by Others Downloading expert advisors is the easiest method. It doesn't require knowledge of programming, or even money in some cases. A lot of them are available online for download, and are offered either commercially or for free. These custom software are easy to download, as the file size of expert advisors only range from a few to several dozens of kilobytes. Non-commercial expert advisors can often be found in forums, where forum members share their trading systems and other software for feedback and suggestions. However, most of them are not profitable, so you need to perform a lot of testing on your own. You may also want to ask the program's author on how the expert advisor makes its decisions in Forex trading. That way, you no longer have to start from scratch when devising improvements on the EA's logic. You may even share your findings with the author of the software, and if he is responsive, can lead to a mutually beneficial relationship. Commercial expert advisors, on the other hand, require payment before downloading. The owners of such trading systems advertise their products to be profitable in the Forex market, but in reality, not all are, so beware of scams. They may give some figures or some information attesting to their claims of profitability, but it is still best to do some research first before clicking on the buy button. There are some websites that give forward tests statistics of commercial expert advisors, and the information found on those sites can be very useful before deciding purchase any commercial trading system. Another disadvantage of commercial expert advisors is that, unlike their non-commercial counterparts, it is almost impossible to know the trading strategy behind those trading software, as their owners do not release the source code upon purchasing. Code Your Own Expert Advisor This method is mostly free, but will take a lot of effort on your part. Learning programming takes time-time that could rather be spent on learning more about Forex trading and profitable systems. But in case you would really like to learn programming on your own, there are a lot of free resources online that teaches aspiring programmers to develop Metatrader custom software for their own use. Software That Builds EA's There are certain software specially designed to develop expert advisors. Most of these are available commercially, while the free ones have very limited functionality. Some of the commercial ones are offered for a fixed price, while the rest demand periodic subscription. However, due to the functional approach of EA builders, they lose most of the flexibility and customizability inherent in Metatrader programming. These applications are only limited to developing basic and intermediate software. It is almost impossible to develop complex trading systems using these tools. Get Expert Advisor Programming Services This method offers the greatest flexibility in developing EA's. Compared to other methods of obtaining expert advisors, this one often costs lesser in terms of price and time. You don't need to have any programming skills at all. It won't take much of your time, and delivery of the software often takes a few days. You don't have to pay for a monthly subscription - you pay on a per project basis. When hiring Metatrader programmers, everything is as hassle-free as possible for the trader. Sounds good so far, but here's the catch - the trader needs a profitable trading system, or at least a system that has a fair chance of becoming profitable in the live markets. Otherwise, hiring the services of a programmer may prove more costly than the combined costs of the other methods previously mentioned. Carefully evaluate your situation as to which method will work best in having an expert advisor to use for Forex trading. Each one has its own set of advantages and disadvantages. But in the end, whichever methods you took will no longer be important, as long as you have a profitable trading system - automated by software! FAP Turbo: FAP Turbo Here!

Sunday, May 6, 2012

Forex Investment Basics
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Most of the people that get involved in the forex market lose money, 95% of them. But there are some others that have been able to profit in a consistent way. I know successful traders have no special talents or skills; anyone can learn how to trade. Many system sellers want you to think trading is complicated; their job depends on that. They say: "if trading is so easy why isn't everybody making millions?" And I agree with them trading is not easy; but it is simple. Just like saving money on a piggy bank it's not easy, but the concept behind it is very simple. Here are some basic ideas I want you to consider. 1. Learn to love your losses. Not even the best traders of history have been able to win on every single trade. If you try to profit all the time you are going to lose. Learn to love your losses or, at least, accept that they are part of the deal. You should expect the occasional drawdown on you account from time to time. As long as your losses are under control, and your system has positive expectancy (makes more money than it losses) you'll be fine. 2. Find a good system. To be a successful trader you need to find a good system. Having the right information is very important, Your decisions are only as good as the information on which they are based. Look for a system that operates in a mechanical way that has positive expectancy, and leaves nothing to interpretation. 3. Have enough money to trade. One of the main advantages of currency trading is the minimal capital needed to open and fund your account. But you must be aware that having enough money to survive your losing periods is vital. Your bets should always have a safe size. If your trading capital is limited open a mini or a micro account. Every trade you make should be based on sound money management principles. 4. Consistency in execution. To be a profitable trader is simple, as long as you are disciplined. You should follow your rules with consistency; never deviate. Don't let your emotions cloud your judgment. I know it's hard but the rewards are enormous. I know trading the forex market can be a rewarding occupation. You could use, the forex market, to complement your salary or as your main source of income. Start-up costs are very low, the schedules are very flexible, the potential profits are very eye-catching. I hope this was helpful information!!! FREE Trading System!
Forex Investing Advice From Napoleon Hill
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Napoleon Hill, the author of "Think and Grow Rich" , knew a lot on how to make money. Forex traders can learn a lot from him. 1.- "Self-disciplined begins with the mastery of your thoughts. If you don't control what you think, you can't control what you do. Simply, self-discipline enables you to think first and act afterward." There are many things in your forex trading career that are as important as having a good system. You should never underestimate the importance of having the right mindset, and the dangers of having the wrong one. You have to know your weaknesses, and strengths. Do this and you will conquer. 2.- "Edison failed 10,000 times before he made the electric light. Do not be discouraged if you fail a few times." Losing money, while trading, can be considered as a fail. But you should learn to accept that losses are part of the deal. Look at it this way: if you were a baker you would have to buy milk, eggs, flour and butter so you are able to produce bread. The losses you experience in your trading account, as long as they are under control, are the raw material that will make you able to bake your bread (make some dollars). Don't be discouraged by occasional set-backs. 3.- "If you cannot do great things, do small things in a great way ." You should not aim for 1000% gain a day. Small gains tend to add up very quickly when you trade in a wise way. If you invest your money in a responsible disciplined manner in no time you are going to have a small fortune., there is great power in consistency. 4.-" Patience, persistence and perspiration make an unbeatable combination for success." A successful career as a forex trader is never the result of luck or chance. Only those with the discipline and commitment to succeed will profit from this occupation. The key, to become a successful trader, is to be bold, have cold blood, and trust your trading rules. 5 .- "Do not wait; the time will never be ''just right.'' Start where you stand, and work with whatever tools you may have at your command." Sometimes, after a series of consecutive losses, taking the next trade can be very difficult. But this next trade is the one that will help you recover from your losses and make some profit. You should always trade when your system tells you, even if it hurts. Don't wait for perfect timing. You can't predict tops and bottoms with enough consistency. I know trading the forex market can be a rewarding occupation; you need no special skills or natural talents to become a successful trader. Anyone with the determination and the right information can learn how to trade. The only thing you need is good mechanical system with a positive expectancy, sound money management rules, and above all self-discipline. FREE Trading System!
The Throws Academy
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The Throws Academy Coach Your Shot Put And Discus Throwers To State Titles. Membership Site Dedicated To Providing Quality Instruction And Information To Throws Coaches. The Throws Academy Transcription Crash Course Your Fast Track To Starting A General Transcription Business From Home Today Without A Lot Of Expense. One Of The Fastest And Easiest Ways To Make Money Online Is To Offer A Service That Other People Need And Charge A Premium Rate For Doing It Well. Transcription Crash Course
The Throws Academy
http://bit.ly/Lm3eYK
The Throws Academy Coach Your Shot Put And Discus Throwers To State Titles. Membership Site Dedicated To Providing Quality Instruction And Information To Throws Coaches. The Throws Academy Transcription Crash Course Your Fast Track To Starting A General Transcription Business From Home Today Without A Lot Of Expense. One Of The Fastest And Easiest Ways To Make Money Online Is To Offer A Service That Other People Need And Charge A Premium Rate For Doing It Well. Transcription Crash Course
Concentrated Violin Lessons -huge Untapped Niche
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Concentrated Violin Lessons -huge Untapped Niche We Payout 70% Of Every Sale On The Front End And Backend. Convert As High As 1:6 With Our Master Page. Concentrated Violin Lessons -huge Untapped Niche

Saturday, May 5, 2012

Microsoft Arc Touch Mouse Review
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To purchase: amzn.to Twitter: www.twitter.com Google+: gplus.to Website: www.mobitureblog.com Hands-on review of the Arc Touch Mouse from Microsoft. This mouse offers a variety of great features including a flexible body, and BlueTrack technology to allow it to work on any surface. My Gear Canon t3i: amzn.to 50mm f/1.8 Lens: amzn.to Blue Yeti: amzn.to Zoom H1 Microphone: amzn.to 2011 13" MacBook Air: amzn.to Microsoft Arc Touch Mouse Review Microsoft Arc Touch Mouse Review Microsoft Arc Touch Mouse Review Video Rating: 4 / 5
Microsoft Arc Touch Mouse Review
http://bit.ly/IXxvdy
To purchase: amzn.to Twitter: www.twitter.com Google+: gplus.to Website: www.mobitureblog.com Hands-on review of the Arc Touch Mouse from Microsoft. This mouse offers a variety of great features including a flexible body, and BlueTrack technology to allow it to work on any surface. My Gear Canon t3i: amzn.to 50mm f/1.8 Lens: amzn.to Blue Yeti: amzn.to Zoom H1 Microphone: amzn.to 2011 13" MacBook Air: amzn.to Microsoft Arc Touch Mouse Review Microsoft Arc Touch Mouse Review Microsoft Arc Touch Mouse Review Video Rating: 4 / 5
Get The Girl By Vance Lau
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Get The Girl By Vance Lau
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[STREET SQUAD - GALAXY S II] Shopping Day in London
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Samsung Mobile presents Street Squad (bit.ly Alex, our Street Squad reporter, takes us on a day's shopping around London with her best friend, Annabelle and her Samsung GALAXY S II. Alex shows us how the GALAXY S II is the perfect shopping companion, by guiding us through features such as Readers' Hub, the 8MP camera, and surfing on the flash websites. Every month each member of the Street Squad from all over the world produces a video showcasing mobile life trends in their country through the latest Samsung Mobile devices. Check out some other Street Squad videos now! Keep up with the Street Squad when you're on-the-go with our Street Squad app. bit.ly Video Rating: 4 / 5
[STREET SQUAD - GALAXY S II] Shopping Day in London
http://bit.ly/KCIhnN
Samsung Mobile presents Street Squad (bit.ly Alex, our Street Squad reporter, takes us on a day's shopping around London with her best friend, Annabelle and her Samsung GALAXY S II. Alex shows us how the GALAXY S II is the perfect shopping companion, by guiding us through features such as Readers' Hub, the 8MP camera, and surfing on the flash websites. Every month each member of the Street Squad from all over the world produces a video showcasing mobile life trends in their country through the latest Samsung Mobile devices. Check out some other Street Squad videos now! Keep up with the Street Squad when you're on-the-go with our Street Squad app. bit.ly Video Rating: 4 / 5
What Is the Best Forex Scalping Software
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Forex scalping software is that which automatically scours the market looking for reliable trading opportunities and invests accordingly using your very own currency as capital. The obvious advantage is that you need neither the time nor experience to devote towards Forex investing but at the same time it's also the most reliable way to invest in the currency exchange because every move you're making is completely devoid of emotion and other human related error and instead is based entirely on mathematically crunched market behavior. I used this technology for more than six years now exclusively to guide my own investing in the Forex market and have had some decidedly positive as well as some horribly negative experiences with different programs. Right now I'm going to address what is the best Forex scalping software of today. FAP Turbo receives my vote as being the best Forex scalping software on the market right now. FAP Turbo is the next from the makers of the already successful Forex Autopilot, hence the "FAP" in the title. The program works by using an algorithm which calls into account successful trading techniques used by everyday real traders in order to identify and uncover highly reliable trading opportunities. Rather than just quoting you or rather generating signals for you of when and where to invest, the program takes the process one step further and automatically acts on that information to place those corresponding trades using your own capital. FAP Turbo then switches over to defensive analytical mode in which it follows that trade's performance along in the real-time market to ensure that is constantly earning you money. Once that trade inevitably reverses out of your fortune, the program recognizes this as soon as that occurs given that it is constantly dialed into real-time market behavior and proceeds to trade away the now bad and costly investment. This shields you from loss and keeps you from hemorrhaging profits as the program starts the entire process over again or tends to any other trades which it is currently running and overseeing. The program works across a variety of platforms and requires absolutely no experience or time from you to trade effectively. The thing which makes FAP Turbo the best Forex scalping software on the market today is the fact that it's such a conservatively trading software. It keeps much higher standards which a trade must meet before it will invest any money of yours accordingly and does not go after overly risky investments. It has much stricter guidelines than with any other program I've ever used before in differentiating between one trade and another to decide where your money should be spent to get the best return 24 hours a day. It's very clear to me that the makers of FAP Turbo kept this in mind when designing their program to be better than its predecessor and other popular Forex scalping software on the market today to deliver the greatest and most near-perfect 100% winning rate on every trade which it enacts. This program runs on its own 24 hours a day and only asks in return that you supply it with constant Internet access and power. If you are unable to offer these things than the publishers behind FAP Turbo will run it on their own dedicated servers for an extra monthly charge. The Forex scalping software itself is had a one time cost and that includes free updates and support for life which keeps the program as effective and adept at picking up on reliable trading opportunities sooner rather than later and ensures that all of your concerns and questions are answered as quickly as possible, respectively. Combined with the 60 day money back guarantee in full, the makers of FAP Turbo believe in their product so much as that they encourage you to try the program for 60 days while having a guarantee in place so that you can see it working even within the confines of a virtual trading account if you like just to see how powerful and profitable this software really is. FAP Turbo Here!

Wednesday, May 2, 2012

How To Profit From Box Breakout Strategies In Ten Minutes Per Day
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While there are several trading approaches that can be used to profit from currency trading, Box Breakout strategies remain one of the most popular. There attraction lies in the simplicity that they bring to trading as a well as the acknowledged potential to generate high profits. This approach to trading has long been used by traders for these very reasons. It is suited to both experienced traders as well as new traders who are looking for a reliable means of making their first profits from Forex trading. One of the first rules of trading is that you should be able to understand the mechanics of your trading system. This is not only vital in terms understanding the logic of what the system is trying to achieve but will also able you to implement the strategy correctly. Complicated systems may offer you the chance to make profits, but if you are unable to execute them correctly then you will soon see any profits slip away. The Box Breakout makes use of an easy to understand concept. The box that is alluded to in the strategy name is formed by upper and lower boundaries in the market with the sides of the box being formed from the start and finish time of the period of analysis. As the second part of the strategy name suggests, what is looked for is a breakout from this range in either direction to signal a trade entry. Once the market moves beyond the 'box' and the move is confirmed, the expectation is that momentum will build as the market moves beyond the prior identified range. A stop level is placed usually either beyond the lower level of the box or below the level of the break. Trading strategies based upon Box Trading are common and will usually be traded at set times of day. They work best at times of high volatility when the market is most likely to break a prior range. Typically the opening of a market session is used to trade these breakouts as the higher level of volatility at these times can see strong momentum build following the break. This allows not only offers the potential to back strong market moves but also provides a defined time for trading. A good illustration of breakout trading is the opening of the London Forex markets. As the busiest time in the financial trading day strong breaks are often seen following the relative calm of the prior Asian session. While breakouts can occur on many currency pairs at this time of day it is the European based currencies such as the British Pound, Euro and Swiss Franc that will most commonly exhibit the strongest moves. The key to maximizing your trading profits from this strategy is to wait for a confirmed move before entering the market. 'False' breakouts can often occur which can see the market suddenly reverse from its initial break. Therefore it is vital that any strategy you use has rules in place that help prevent the occurrence of false breaks or instead provides you with a strategy to profit from these moves as well. FREE Trading System!
Understanding Forex Spread Requires Knowing The Dual Meaning of the Term Spread
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To understand what a Forex spread is you need to understand that in the realm of Forex, there are two totally different things the word spread refers to. For one thing, a spread in any type of commodities market is a trade made where the trader buys one commodity and at the same time sells another. When making this type of trade it is not important if both of these commodities rise or fall in price. The only thing that is important is whether the difference between the two increases or decreases. In this article, we will expound on this meaning of the term and explain the other meaning of the word spread as it applies to the Forex market. The term spread has been used for decades when describing a trade of two different entities at the same time. In commodities futures trading, a speculator will many times buy one contract month and sell another contract month of the same commodity. For instance, he may buy August Live Hogs and sell December Live Hogs. The beauty of making such a trade is the fact it has very little chance of turning too far against you. With the spread mentioned above the speculator may see an urgent need for life hogs in the late summertime and see relief may be coming in the offing months. When this happens, the near months will rise in relation to the far off months. However, if it doesn't happen this trade can very rarely turn too violently against the speculator. At least, this is what past history has taught us. In the Forex market, all currencies are traded in spreads or what are also known as pairs. For instance, EUR/USD and GBP/JPY are both currency pairs that are actually traded as spreads because one currency is bought against the price of another. However, there is another type of spread that is prevalent in the world of Forex market trading. Forex pairs can be bought at the price someone is asking and sold at a price someone has bid. So you can see, with Forex pairs, there are always two prices quoted. The first price quoted will be the bid price and the second price quoted will be the price asked. As an example, the bid /ask price on a EUR/USD pair may be listed as 1.3100/04. This means the price you could buy this pair for would be 1.3104. However, if you were trying to sell this pair the price you could get at this moment would be 1.3100. The difference between the bid price and the asked price is the spread. It represents the broker's commission. So, if you were to buy a EUR/USD pair as quoted and sold it immediately, you would lose.0004 or what is also known as 4 pips. This would be the commission you paid for doing this trade. It is probably not necessary you understand the relevance and history of the word spread the way it has been used throughout the world of commodities trading for the past many years. However, it is necessary you understand there is a difference between the price asked and the price bid on a particular Forex currency pair because essentially this is commission you are paying and this spread is actually a part of your trading expenses. FREE Trading System!