Category Archives: General Forex

General Forex

Best Forex Broker For Scalping – Forex Scalping Methods

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Best Forex Broker For Scalping

Scalping the Forex market is one of the fastest growing methods for trading Forex in the modern day world. In Forex scalping trading is performed over much shorter periods than other forms of trading and income is often generated even from relatively small fluctuations in a currencies price.

The main reason people trade via scalping is often that due to the quick nature of the method, profits can be built up fairly quickly. What’s more it also makes market movements far less likely to cause a large differential in the buy and sell prices.

Other methods of trading such as technical and fundamental analysis rely on analysing trends and predicting movements based on past performance or current news. Forex scalping offers a much quicker turn of events and traders using this method are simply looking for lots of small movements in currencies in any trading day.

Due to this difference in speed of trading, Forex scalping often means that traders run a much tighter ship as the risk is spread short time over a large number of currencies. In other methods of trading losses can often run a bit loose as the trader searches for that one trade that will return a big profit.

When scalping a trader will often only hold a currency for a matter of minutes before they resell at a profit. What is basically happening is that the Forex trader is playing with the spreads to bring in money where others fail to spot such a small market move. Best Forex Broker For Scalping

Almost all successful Forex scalpers base their strategy on absorbing masses of information about the market they are trading in. You will not find many new traders adopting scalping methods simply because of the level of knowledge and nerve you need to succeed.

It is also rare that a Forex scalper will hold their position overnight. Most will close all trades before finally turning their computer off. If they do not then the trade they leave running is not really following the Forex scalping method.

The scalping method is usually based on three factors: Best Forex Broker For Scalping

Liquidity – The more liquidity in a market then the more attractive it becomes to a Forex scalper as they can make more profitable trades in any given period.

Volatility – Only the most stable of markets are attractive to scalpers as a big movement is not what they are looking for. A stable market offers the chance to gain lots of small profits from many many trades

Time – A successful Forex scalper will not always begin trading at the start of a day. True, the longer they have to trade then the more they can make but patience is the key since it is pointless trying to scalp the Forex if market conditions are not right, for example in a period of large economic uncertainty.

As you can see, providing you have taken the time to learn as much as possible about market conditions then Forex scalping methods are not that difficult to implement. In many ways they are much more secure than other methods and this is why the method is becoming so popular. Best Forex Broker For Scalping

General Forex

Forex Tutorial Currency Trading Summary – Forex Tutorial and Guide For Beginners

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Forex Tutorial Currency Trading Summary

In 2003 when I started trading Forex, I was naive, inexperienced and totally gullible to the directions of the self acclaimed Forex experts. Just like everybody who was new to the market, I was told that I had to Open a new forex account with any ‘good’ Forex broker, do demo Forex trading for at least three to six months before trading with live money. I was also advised that in order to be in a safer position, I should probably consider hiring the expert services of Forex professionals who would do the job of trading for a percentage of the accrued profit while all I scoop the rest to my bank account! These advices all sounded promising and simple as ABC. I guess I made the mistake of not wondering why there aren’t much Forex millionaires around if indeed making money via Forex trading was that simple.

About four months later I decided I was going to trade live soon but the fear of losing made me hire the services of two separate experienced Forex traders to at least take care of my initial capital while I do same later. For the next six weeks I kept seeing certain fluctuations in my Forex account with my capital going up and going down at irregular intervals, of course my ‘experienced traders’ provided ‘expert’ excuses for the instability, blaming certain market forces and of course promising me that all was well and that there was no cause for alarm as they have always weathered every market storm. This trend continued until I lost my capital almost a year later. These guys were discovered to have several other Forex accounts they manage, this means that they can never really give each of the Forex accounts under their purview the proper attention they deserve during Forex trades. Forex Tutorial Currency Trading Summary

Experience they say is the best teacher. I also consented to the use of Forex Robots but the results over time were equally not acceptably overwhelming. At the end, I had spent over eighteen months trying to figure out exactly what works and what doesn’t. This is a process I wouldn’t advise anyone to go through especially when one doesn’t have much capital to carry out such expensive experiments. I finally summoned the courage and decided to trade Forex on my own, and not until after I took this bold step did I learn a lot about making a decent living trading Forex on a full time scale. Forex Tutorial Currency Trading Summary

General Forex

Professional Forex Trader Library – How to Find the Right Forex Trading Course DVD for You

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Professional Forex Trader Library

Forex trading courses on DVDs, offered by professional traders help you in understanding the exciting marketplace of forex. As for learning a language, you need to master the basics, to trade forex you must know the basics of trading.

A forex trading course on DVD is an exciting learning tool which is preferred over text based tutorials or conventional books because of the dynamic features it offers. Learning forex currency trading is easy when you have a good forex trading course on DVD with you. Forex trading course on DVD outlines the advantages of forex trading and provides insight into how to get started.

Most of the forex trading courses on DVDs have extensive tutorial library with video tutorials, which you can play as many times you want. You can plan your leaning sessions according to your convenience. For online DVD courses, you can access the site according to your free time.

Forex Trading Courses on DVDs help you to start trading part-time. It is a step-by-step learning process. You can start trading with as low as $300 account. The DVD course may offer you free subscription to some online brokers who facilitate your transition from a part-time to a full-time trader.

Home based Forex trading courses on DVDs are easy to understand and does not require any special skill or educational background. These DVDs are with colorful three-dimensional charts, bars, and other modes of graphical representations with audio support and therefore interesting and interactive. Professional Forex Trader Library

The courses introduce you to all the essential aspects of foreign exchange in an easy-to-understand manner and you can learn them with your own learning pace and curve. It may take 5-10 days to learn the basics of trading.

Forex trading courses are available for learners at different levels. There are courses for beginners, mid-level, or experts. You can choose your module accordingly. It also introduces you to different methods of fundamental and technical analysis.

A typical forex trading courses include DVDs with live instructions, CDs with core system strategies, audio and video manual, library of video tutorials, member forum, daily video trading examples, trading tips from other members, common questions and answers, and tele-support for first few months. Professional Forex Trader Library

Before buying a forex trading courses on DVD, look for features like:

More than one detailed technical trading strategies

Color charts and graphs

Complete coverage of fundamental and technical analysis

Professional risk management techniques

Strategy to identify profitable charts and trendline and technical market pointer

Real trading example reinforcing every trading concept.

Free forex trading tips Professional Forex Trader Library

General Forex

Forex Services By Banks – 1500 Pips a Day Forex Signal Service From Heaven

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Forex Services By Banks

If you are a beginner to forex trading than you need to read this article. Strignano’s Forex Signal Service is something that is perfectly suited for beginners as well as middle level forex traders. Instead of jumping from one forex program to another what you need is a forex trading mentor who can take you by hand and show you how to make money with forex trading.

Tom Strignano is an EX-Chief Currency Trader who had worked at a number of elite banks as a market maker providing liquidity to the banks before he called it a day after 25 years. So what you get with this forex signal service:

1. Winning Forex Signals-Buy/sell signals

2. Daily Ranges ( On your own it will be difficult for you to figure them out)

3. Pivot Points ( All professional traders use pivot points in their trading. Pivot points are something that you need to master. Strignano’s Forex Signal Service will teach you how to do that). Forex Services By Banks

4. Daily Recap Trading Videos

5. Live Trading Room

6. Magic Trend Reactionary Numbers (TRN) Indicator ( This TRN Indicator is proprietary to Tom and you can see the magic of TRN Indicator when you join the signal service).

You will get these forex signals in your email or text sms. You will also get 1 on 1 mentoring from Tom if you need it. Now the Strignano Forex Signal Service also has an Artificial Intelligence Expert Advisor popularly known as Forex Robot. This forex robot was programmed by an Ex-NASA programmer using Tom’s proprietary trading systems. This robot has been programmed for maximum gains mentality with low risk. It runs 24/5 on Meta Trader platform using the proprietary Trend Reactionary Numbers (TRN) mentioned above. This Expert Advisor trades automatically so if you decide to use it you won’t need to manage your trades daily.

However, it is always good to learn the basics of forex trading from a professional who has been trading the forex market for decades. So by joining Strignano’s FX Signal Service, you will not only be making money but also learning forex trading from a pro! Forex Services By Banks

General Forex

Junior Fx Trading Jobs – Finding the Best Forex Trading Program

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Junior Fx Trading Jobs

If you are looking to make some decent money in a relatively short period of time or are looking long term, you may want to consider checking out the Forex, or Foreign Exchange market (Fx). The Forex trading market is, in terms of volume, the largest financial institution on this planet!   We’re talking almost $3 trillion a day! The name is what it suggests: The buying and selling (trading) of currencies between two different country’s denominations in hopes to make a profit via arbitrage.   The Forex players include: Large banks, banks, governments, and also individual investors. Junior Fx Trading Jobs

Although the Foreign Exchange market produces a large amount of profit, it can also be quite risky. Due to ever-changing economic conditions, the market can be volatile. Because of this fact, the market also produces investment miscalculations, missed opportunities, and losses.  Listen, the market is open, technically, 24 hours a day because of the different time zones. When one market closes, another opens. No one can stay up and follow the markets 24 hours a day/5 days a week–Unless you are a machine. Which leads to my segue: Enter automated Forex trading software.

If you have a good automated Fx program, you don’t have to worry about losing out on potential profit at 3 in the morning . Furthermore, unlike the stock market, you don’t have to wait for a personal broker to question or execute each trade over the phone. Some investors have their own systems that work– some of the time– but these systems cannot be used when they are sleeping. This is the beauty of automation. The word that best describes what these programs do would be ‘autopilot.’ There are so many advantages to using Forex autopilot programs over conventional methods.

Beyond having Forex trading systems on autopilot, there are even more features that make automated programs so beneficial to traders.  Automated Forex programs don’t have feelings. Sounds crazy, but trade executions will never be based on ‘gut feelings.’ When you take out emotion, trepidation, and greed, chances are, profits will be bigger and losses, less. Furthermore, in my own opinion, stress is minimal because you can set your own limits and parameters.

Automated Forex trading programs allow you to create a system that works for you in terms of investment, risk, and style. Suppose you are looking for short term profits, you can set different rules in the software to help you achieve this. As you become more comfortable with your program, you will find that you can almost pinpoint how much and how often you will make money each week .  Believe it or not, many institutions and large investors actually use Forex trading software to make their millions. As with any investment, seek advice from a mentor or professional to help setup your system with your goals in mind. You can find a lot of information on the internet in Forex forums.

Let’s talk a little about convenience, also. These Forex software programs have actually allowed people to quit day jobs or majorly supplement their existing incomes. I’m not going to sit here and tell you that each and every software program out there will make you money…this is definitely not the case. However, if you find a good program, the features inside are not just limited to placing trades.   Most Forex trading programs offer various other tools such as charts, price histories, real-time quotes, news sources, and other information that may help an investor make the best use of the software.

Whether you are a veteran trader or beginner, you can find a program that works for you.  Forex trading software is available in either web based or in a packaged software program. Junior Fx Trading Jobs

Forex Trading Software on Your Computer

Trading programs are great as you have total control. However, there are some drawbacks. As with any program on your home computer, the vulnerability issue rears its ugly head.   Viruses, hard-drive crashes, spyware and the like can plague your home software and could potentially cause havoc at crucial trading periods. Obviously, security is a huge factor in deciding which program to choose. Although this may sound like a deterrent to packaged software, there are ways to make your program as safe as possible. Since your program will be accessing the internet for information, be sure the program includes a 128 bit SSL connection . This will prevent hackers from accessing any personal information. Make sure that your software company provides 24 hour support and backups of all your information.

If the company provides security on their end, you can also strengthen the security by making your own back-ups, password protecting any data, and use an antivirus program that will further protect your program and data. Another thing you can do, personally, to protect yourself is to purchase a computer that is dedicated to trading only (if you have additional funds). Although, this is not always feasible, this can definitely help.

Online Forex Trading Software

On the other side of the coin there is web based trading software, typically hosted and maintained by the owners/creators of the Forex trading software. Fx online trading programs are hosted on secure servers which offer data encrypted protection.   These online programs also offer account backups in case of outages.

Convenience is a huge benefit to using an online Forex trading program. Basically, you can access your account, your tools, your history, etc. from any computer that has an internet connection. So, if you’re sipping on some margaritas on the beach, have your laptop handy, and have some sort of internet connection–you can access your account information and/or make a trade.

Finding The Best Forex Trading Software

Regardless of which type of software you use for Forex trading, be sure to also check each company’s downtime.  When you have your own personal investment at stake, you want to be sure that your money and transactions are accessible at all trading times. Most reliable companies may perform maintenance on Saturdays or Sundays when the Forex market is closed. This is ok! However, if your company faces downtime during the week, you may need to seek other programs. Furthermore, as I discussed earlier, make sure that you can get in touch with a support person any time of the day.

Finding the best forex software that fits your needs and goals can be quite a task. My email box becomes inundated with so many ads for trading programs each and every week. Unfortunately, most of these programs are junk.   I can’t stress enough the importance of researching these programs. I could use the analogy of finding a family doctor: Do your research, ask questions, ask for referrals, and seek credentials–it’s your money at risk!

Regardless of the software you choose, most, if not all, offer a Forex demo account.  When you have a demo or dummy account, you have nothing to lose (except the purchase of the software).   Having a demo account will allow you to place mock trades without putting in a dime.  I would suggest using this part of the software for a week or two (if not longer) so you can become familiar with the software and learn how to track and analyze your progress.  These accounts also help you find your trading style and limits.  They can also let you know if you are ready for the real thing! Junior Fx Trading Jobs