Tag Archives: forex

Forex Trading Articles

Insider Forex Secrets Plr – Insider Secrets to Becoming a World Class Forex Trade Pro the Sneaky Way

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Insider Forex Secrets Plr

Listen the Forex markets are crazy markets where fortunes are made and destroyed in mere moments. The sad fact is that many people lose their shirts trading Forex. So if you are going to enter this crazy fun profession then you want to learn how to trade like a Forex pro.

There are 3 insider secrets that the top pros use and profit from. Take these as golden and you will be certain to join that coveted top 10% of traders who actually profit from the currency markets.

Secret #1 – Forex Trading Software

Software – when it comes to software don’t skimp open source or shareware programs, your financial future is simply not worth the risk. The fact is that top traders use their software on a daily basis. It is their lifeline to the markets and to the data that allows them to make profitable trades on the Forex. So get the best and use it.

What to look for – The best programs have a simulator mode that allows you to “practice” with the live markets. This mode is great for testing theories or to build your chops with classical trading tools such as stochastics, Fibonacci sequences. They allow you to build experience with no financial risk. Some of the top products even have the ability to find and execute profitable trades for you automatically. Insider Forex Secrets Plr

Secret #2 – Kill The Emotions And Make Profitable Trades

The bottom line is that an emotional Forex trader is nothing more than a gambler. Letting your emotions get involved in your trading decisions is the #1 cause of training failure. You can get a good notion of how bad emotions hurt your trading by sitting and watching an emotional gambler at a casino. You can sit and watch as fear and greed guide their every decision and they end up throwing good money after bad.

The top traders in this industry make calculated logical decisions based off of the facts. They do not follow their gut, or let their fear of loosing their little profits force them out of a profitable trade too early. This is where your next secret comes in.

Secret #3 – The Right Trading Strategy

The fact is that the only way to overcome your emotions is to have a “mechanical” trading system. This is a strategy where one event automatically triggers another. For instance a 1-2-3-bottom formation when the MACD lines cross each other in the 80% range. Execute on breakout over the #2 high point.

That is a mechanical trading strategy. A particular chart pattern happens, two other indicators confirm it and a trade is executed at a specific price point. This kind of strategic planning goes a long way to taking your emotions out of your trading and creates a profitable trading career. Insider Forex Secrets Plr

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

Forex Trading Articles

Forex Trading Account Singapore – Forex Trading is Right For You

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Forex Trading Account Singapore

Once you learn about forex trading, I believe that this is the investment that you would want to go into. These articles are to inform you as a beginner, the benefits of getting involved into forex trading.

The easy way to learn about forex trading

Forex trading is about exchanging currencies rather than goods. Currencies in forex trading are bought and sold and profits are made when the currency you are purchasing goes higher than what you purchased it for.

Since the 1970’s, foreign trading began the exchange market based on the fluctuating currency exchange. When you invest in forex, you are able to make good profits without running the risk of loosing everything. In forex, there are a few major currencies that are traded such as the U.S. dollar, the Japanese yen, the euro, the pound sterling, the Swiss franc, the Australian dollar, the Canadian dollar, the Swedish krona, the Norwegian krone, the New Zealand dollar, South Korean Won, the Hong Kong dollar, the Mexican peso, and the the Singapore dollar. Forex Trading Account Singapore

Just think, when you invest in forex, you can expect a much better return than keeping your funds in a regular bank. You do not have to invest large sums of money; in fact, with forex trading, you have the option of choosing an account based on what you are able to afford by opening what is termed a marginal account. This marginal account offers a 100-1 leverage of money, i.e., you can control $100,000 with just $1,000. Thus, forex is an attractive investment alternative that is worth your attention. Forex Trading Account Singapore

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

Forex Trading Articles

Metatrader Forex Trading System – Forex Trading Essentials

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Metatrader Forex Trading System

If you are an active forex trader and are currently using MetaTrader 4 along with an expert advisor software package, but do not use a dedicated MetaTrader server, then you have probably already encountered problems with data stream disruption impacting your trading. Disruption of data while trading a volatile market where you have open positions can be a nightmare, no matter whether you’re trading manually, or using an automated trading robot. In fact, this is the number one cause for complaints among traders using this type of software. Metatrader Forex Trading System

If the data stream to your MetaTrader 4 terminal is interrupted, then the automated trading software needs to re-evaluate the data from the point of renewal. This can affect the entire automated trading process, leading to results that may be disappointing from software that would otherwise be very profitable.

The solution to this dilemma is to have your automated trading hosted by a dedicated MetaTrader server. Dedicated servers offer constant connectivity and your MetaTrader 4 platform can run much more efficiently, even with multiple expert advisors running.

A dedicated MT4 server is a server computer located in a data center which traders can access online from their own PCs. Also know as Virtual Private Servers or VPSs, you can take advantage of some great features they offer that will enhance your automated forex trading experience considerably.

Some of their advantages include:

– You can safely run your MetaTrader and other automated programs without risk of an Internet outage. Dedicated server providers are normally equipped with back-up power and highly secure locations to ensure that your data remain intact.
– A dedicated server service allows you to back-up and store all of your important files on the server.
– Run server -based software such as Microsoft Exchange without needing to get your own server.
– Take advantage of around-the-clock access and market monitoring capabilities.
– Remote access using Windows Radmin or Remote Desktop Connection means you can take the power of your MetaTrader server with you when you travel. Also, using the same application, you can get together with other traders and trading groups to collaborate and exchange strategies. Metatrader Forex Trading System

Many online forex brokers that support MetaTrader also offer hosting packages, although a number of MetaTrader servers can be found online specializing in forex hosting. Naturally, you’ll be better off knowing what you’ll need in terms of storage and bandwidth before you start shopping.

Several key factors to consider are bandwidth, RAM and storage space, and the more you trade, the more you will probably need. Server services range in price, starting at around $35 per month for a package offered by ForexVPS for 500 GB of bandwidth, 10 GB of storage and 768 MB of RAM. On the higher end, it costs $1,224 per month for 4,000 GB of bandwidth, several Terabytes of storage and 8 GB of RAM.

If you are planning to be very active and run multiple expert advisors, or even an entire trading company, a larger dedicated server package can make sense. Nevertheless, for most beginning and intermediate traders, a mid-sized server is usually sufficient and only runs about $60-$70 a month.

Perhaps the most important feature to look for in a dedicated MetaTrader server service is dependability. Make sure the service you choose is highly-rated by other forex traders since you want your automatic trading systems running smoothly all the time to ensure maximum trade execution performance and profitability. Metatrader Forex Trading System