Tag Archives: forex

Forex Trading Articles

Forex Tutorials – What Should They Ideally Cover

The best of online trading professions have been changed and churned over their head after the Recession took a swipe at professional career options a couple of years back. Now, previously under-rated professions like online forex trading and similar online marketing & currency trading activities have taken the lead in enticing young investors and entrepreneurs to indulge in the currency market of late.

However, what has always been deterring such investments in the forex online trade is the amount of complex transactions and predictions involved in enjoying a good success rate with the profession. This is about to change as forex tutorials have sprung up to tackle the complexities and make life easier for budding investors and forex online traders today.

However, as had been expected, people are as clueless about forex training courses as they are about the industry itself. Hence online forex training courses from even inferior faculty and institutions, which have mushroomed like a Bubonic plague across the web. You need to separate the best from the rest, and to do so you need to know which factors that should be encompassed in an ideal forex tutorial.

Let’s get down to the basic pointers as a start!

  • The Right Forex for Beginners Strategy – If you are a potential forex online trader, you should first check whether the forex tutorial you are opting for provides you with a winning strategy as you learn forex trade. This not only helps your future plans, but also helps you identify if the institution is a fake or has credibility. Remember, forex online trading has different strategies reserved for veteran traders and those who have taken the plunge only recently.
  • Risk Management – Risk management, or learning the same while on a forex training course is a key part of being successful in this industry, An ideal forex tutorial should have a part of it dedicated to predicting falls, acclimatizing to climbs and the strategies during different seasons in the currency market is a pre-condition to raking in the money when in forex online trade.
  • Practical Exposure – Another massively important point to consider before signing up for a forex training course is the fact that they should give you practical industry experience and not just load you up on theory. The practical sessions help you understand how the currency market functions and how you can actually make subtle, deft changes to your strategies while trying to adjust to the fluctuating market rates. A book can never prepare you well enough for this.
  • Helping You Get a Blueprint for the Future – Every genuine forex tutorial helps you prepare for the future – through probable rate charts, fluctuation frequencies, possible life cycle of the currency market in the next 10 year time-period and so on. If you can have a blueprint of your career ahead in the forex online trade, you can say that your forex training has been successful!

Remember, there are hundreds of people eager to teach you the basics of forex online trading through forex tutorials – but very few actually are capable of doing so. Choose carefully!

General Forex

Forex Broker Terms You Might Need to Know

When dealing with a Forex broker, you are introduced to a whole new trading jargon. Therefore, it seemed fitting to present to you a variety of Forex broker terms that you will need to know.

No Dealing Desk (NDD) Broker-This is a broker who does not have his own dealing desk. He instead outsources persons who would interact with the clients, providing them with price and liquidity information. These liquidity providers are the ones responsible for sending in all bids to the trading platform. The best bid is then presented to the client.

Forex ECN Broker-ECN stands for Electronics Communication Network. Therefore, an ECN broker is an Electronics Communication Network broker. All the trades are done in the name of this professional without the use of a dealing desk but rather via the use of a marketplace. This marketplace is flooded with market makers, banks, and traders who are making offers. This is a form of anonymous trading.

Market Maker-This is an individual that provides pricing and liquidity for currency pairs. This professional would then stand by waiting for the chance to buy or sell a currency at a specific price. A variety of strategies are used in order to provide traders with opportunities to make the most profit.

Agency-A professional establishment that provides intermediary services to both buyers and sellers is known as this. This outfit employs agents who make commissions off any gains made. Sometimes a small commission is charged regardless of how the financial transaction turns out.

STP-This is the acronym for Straight Through Processing. It is simply a term to indicate that an entire trading transaction is fully automated. There may be a person overseeing the automated transaction system. However, there is no intermediary taking care of your trade you just made. It is all done using web-based or downloadable software.

Margin-This is the amount of equity contributed by a trader. It is a percentage of the current market value of securities which are held in a special account.

PIP-This is the smallest unit of money that is used to accurately calculate Forex rates. This is a more precise determination of how much profit has been made or how much profit could be made.

Spread-Difference between the bid and ask price is referred to as this. This is another calculation of gain or loss as a transaction is made. It also is part of what is used to create statistical graphs and charts for a Forex broker to use as a guide.

Leverage-Market participants use this method of increasing potential gain of a Forex transaction made. It involves the use of various financial instruments (foreign currency in this case) or borrowed capital (usually money).

Lot-A pack of trading units that are sent to the market are often referred to as this. There are three different types-the micro (1,000 units), mini (10,000 units), and regular (100,000 units). This is done to help accommodate Forex broker accounts created by traders within varying budgets.

Forex Trading Articles

Forex Brokers & Trading

Fxstay Management is an international team that specializes in the Forex Trading. Our company is involved in the Forex Trading since 2001 and is lead by the group of professionally trained Forex Account Managers from all around the world. We welcome you to join our fastest growing company as a trader or investor.

The word Forex is a combination of two simpler words Foreign and Exchange. The simple meaning of Forex Trdingis exchange of foreign currencies. Forex Market is where currencies are traded to earn profit. Forex market is like any other market where goods are traded. The only difference between the forex market and any other market is that goods are bought and sold in other markets whereas currencies are bought and sold in the Forex Market. For example, you can buy euro by paying AUD (Australian Dollars) or you can buy JPY (Japanese Yen) by paying US dollars. Currencies are treated like goods in the Forex market.

Forex Trading is global in nature because traders from all around the world can place trades to earn profit. Participants in forex market are more than any other market in the world and this makes Forex market, the biggest market of the world. More than a trillion USD trading is done everyday in this market. Forex Trading is done in the first five days of the week starting from Monday and do not stop for a second till the end of Friday. It means Forex Trading is done 24 hours in all five days. The big players in Forex market are large banks, large international corporations and financial institutions.

The main concept of the forex market is the “free-floating” currencies. “Free-floating” currencies are those currencies that are not supported by any specific materials like gold or silver. The profit and loss in forex market is based on the changes in the value of currencies. The two widely traded currencies of the forex market are the US dollar and the Euro. These two currencies are considered as the king of the currencies. Some other reputed currencies of the forex market are the Japanese Yen, the Canadian Dollar, the Australian Dollar and the New Zealand Dollar. In the past few years, Forex Trading has made many investors richer and they use large part of their investment capability in the Forex Trading. For Example, Warren Buffet, the richest man in the world has more than 20 Billion dollar invested in the forex market.

Fxstay Management is an international team that specializes in the Forex Trading. Our company is involved in the Forex Trading since 2001 and is lead by the group of professionally trained Account Managers from all around the world. We welcome you to join our fastest growing company as a trader or investor. Currently the best traders or investors from all around the world are registered with us because we provide our traders or investors professional Management Account with safe risk.Our main objective is to provide high returns to our shareholders and become the best financial institution operating in the Forex Trading.

You can also read more articles written by Fxstay and have better knowledge about the Forex Trading.

Forex Trading Articles

Automatic Forex Trading Software That Made me 700- 700 Dollar Every Day!

Using an automatic forex system trading can also help eliminate the emotional side of doing business in a forex market.Auto forex trading is the process of trading foreign currency online with the use of a special software or program.What to keep in mind is you have to familiarize yourself with the system.

Since it is automated there will be a need to pre program the robot in order for it to what you want at the same time produce the results that you need.Having a robot to do the business removes that risk.You will have virtual money that you can use to trade.

There will be a lot of automatic forex system trading software for you to choose.The software itself acts just like a robot with no need for any human intervention.Two things you need to have to begin learning automatic trading is a computer and a reliable high speed connection.You can earn at the same time still have time to do other things.

There are two types of automated forex trading that you should know about.You may get the best system but not knowing how to utilize it is pointless.The use of an automatic system trading has gained popularity in the forex industry.

The demo account will give you the opportunity to use the system.No matter which automatic forex system trading you use, they will come in handy and getting the job done for you.The other type is fully automated and needs a trading platform to function.There is a tendency for human beings to react when they see possible losses.It is more technical that programming skills maybe something that you need to make it work for you.It’s a good way to practice trading without having to worry about risks.The first type is maybe a bit complex for a beginner.Using an automatic forex system trading can also help eliminate the emotional side of doing business in a forex market.Auto forex trading is the process of trading foreign currency online with the use of a special software or program.What to keep in mind is you have to familiarize yourself with the system.But make sure to decide on one that provides a demo account.That leads to decisions not being stable.

Another benefit of using an automatic forex system trading is that you don’t have to be there to watch and monitor what happens in the market.Since it is automated there will be a need to pre program the robot in order for it to what you want at the same time produce the results that you need.Having a robot to do the business removes that risk.You will have virtual money that you can use to trade.There will be a lot of automatic forex system trading software for you to choose.The software itself acts just like a robot with no need for any human intervention.Two things you need to have to begin learning automatic trading is a computer and a reliable high speed connection.

You can earn at the same time still have time to do other things.This is a huge time saver for you.All you have to do is update it at least every week and make sure to program it the way you want it.Learning automatic forex system trading has its benefits.If you consider yourself a newbie or perhaps even an expert in the forex trading business but wanting to get ahead of the game then you need to learn about automatic forex system trading.There are two types of automated forex trading that you should know about.You may get the best system but not knowing how to utilize it is pointless.The use of an automatic system trading has gained popularity in the forex industry.

General Forex

Why People Find Trading The Forex Markets Full Time To Be Very Hard

Most people become acquainted with forex trading whilst they are still in full time employment. They may be looking to make some extra money, or they may be looking for a new career in a different industry or a job with more freedom. However it should be pointed out that there is a massive difference between part time forex trading and full time forex trading.

When you are trading the markets part time, either whilst you are working in your day to day job or in your spare time or days off, there is no pressure to make money. You will probably open an account with a few hundred dollars and start trying to make money with different trading systems, safe in the knowledge that you still have a decent wage coming in.

However when you are trading the markets full time, you rely on these profits in order to live because they need to cover your rent or mortgage payments, as well as all your expenses and day to day costs. If you have a few losing weeks, then you may well struggle to pay the bills.

This puts enormous pressure on you because you have to make money. So you may well find that it starts to affect your trading because you may have a decent trading system in place, but you keep on taking impulsive trades in order to hit your profit targets. Ideally you should stick to your system at all times even during the occasional losing run, but I fully understand how hard this can be when you need to make money every week in order to pay your bills and live your life.

It is also the case that because forex trading from home can be quite boring because you are sat watching your computer for hours on end, and there may be times when you day trade the markets just for a bit of excitement. However the trouble is that short term trading can be an absolute killer if you don’t have a top notch system in place with good money management rules in place, so this can make life difficult for you as well.

It should also be pointed out that there can be pressures put upon you from both your family and your friends. Outsiders often assume that you are making lots of money if you can afford to quit your job and trade the markets from home. So if you are making steady but unspectacular profits, it can be all too easy to start upping the stakes in order to bring in the big profits. Unfortunately this often leads to disaster.

When you add in the extra pressure of knowing that you may have to go and get a job again if you are not successful, it is easy to see why full time forex trading is so difficult. There are so many pressures and you will generally find that only a small group of people are still trading the currency markets full time several years after they first started.