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Forex Trading Articles

Tools For Trading The FX Markets

Forex trading or the buying and selling of foreign currencies with the aim of making a profit, is very much a business like any other: to operate well and make a profit you need the tools of the trade. Let us have a brief look at what you need to begin forex trading and where to get it.

First and foremost you need accurate and timely information. The shorter the time frame in which you trade, the more crucial it becomes to have up to date information at your fingertips. A medium-term trader might, for example, be happy with end-of-day prices; a day trader will need live prices.

Whatever time frame you choose, you need accurate currency prices. Most forex trading platforms like Financial Spreadoffer free live prices, so finding this information should not be much of a problem for most traders.

When trading the forex markets, you also need software that provides you with the ability to open and close trades, set ‘stop loss’ levels and ‘take profit’ levels and to change these levels when you need to.

Most good trading software packages offer traders a host of additional features, for example built-in charting facilities. You can normally choose a range of major or minor currency pairs you want and immediately access a graph showing its current and historical price. On the same graph you might be able to draw a whole range of so-called technical indicators to help you make sense of what is happening in the marketplace.

Probably the simplest technical indicator out there is the moving average. However simple it may be, it is still used by many traders to help them decide whether the price of a currency is going to move up or down.

A good charting package will provide you with the opportunity to draw various other technical indicators, such as the Ichimoku Kinko Hyo, Bollinger Bands, Trend Lines and many more.

If you are a novice forex trader, you should take advantage of all the free training you can get your hands on, in fact forex trading can be very volatile and might not be for you. Many online brokers provide free training for forex trading. You will learn the difference between technical analysis and fundamental analysis, how to use charting software and how to manage your money – something that is crucial for success in the world of trading.

While much of the training will attempt to introduce the reader to forex in a manner that is easy to understand, if you do come across material that you find unclear then don’t be afraid to register at a good forex forum and ask questions; you may be surprised how often experienced traders will respond to beginners. Be warned, however: no matter how experienced a forum member may appear, you should consider all user posts to be opinion only. Always follow up any responses with further research before taking user-posted content as fact.

Margined FX and financial spread betting involve a high degree of risk to your investment capital, they are geared products so you can lose more than the investment capital which you initially committed. When investing with these products, ensure you only invest using capital you can afford to lose; before trading make sure that you fully recognise the risks involved.

Please be aware, Financial Spread Betting and Margined FX may not be suited to your trading requirements. Where appropriate, obtain independent investment guidance.

Market Analysis

Tools For Trading The Stock Market

If you are intent on trading the stock market professionally, you need to equip yourself with the tools the professionals use. To successfully buy and sell shares is not the easiest thing in the world, in fact only a minority of traders actually make a profit. You should therefore find all the help you possibly can.

A source of reliable stock prices is essential. Becoming a successful day trader is going to be very difficult if you do not have live prices. For a swing trader, operating in a time frame of weeks or months, prices that are delayed by fifteen minutes or an hour might be perfectly adequate. A long term trader/investor can usually get by with end of day prices, since such a trader bases buying and selling decisions on the long-term performance of a particular share.

Many online brokers provide free prices, either live or delayed. If the broker of your choice does not offer the price feed you need you will either have to sign up for a paid service offering a price feed or find another broker. Most spread betting firms like FinancialSpreads.com and CMC Markets will provide clients with live prices.

If you have ever looked at a list of opening, closing, maximum and minimum prices for a share, covering a substantial period, you will understand the importance of graphs. The old adage goes that a picture is worth a thousand words and nowhere is this as true as with share prices. A good charting package will enable you to see, at a glance, what could take hours to calculate if you were working with raw price statistics.

Most financial spread betting firms provide free charting packages. If yours does not you can either buy a good online package or downloaded one for free.

Any package should be able to import live prices and analyse historical trends. Most charting packages offer graphical displays, including not only of the price, but also a host of technical indicators, for example moving averages, Bollinger Bands, True Range, momentum oscillators and volumes.

Access to market news and analysis is also important to serious traders. It could be of vital importance to know that a particular company you are thinking of investing in has developed a major new product. You would want to have such knowledge instantly rather than learn about it days or weeks later.

Expert market analysis can also be very useful. It will help you to develop your own critical thinking and make you a better trader, in the long run. Just beware of ‘experts’ who are promoting a particular share, because they have a vested interest in doing so.

Many experienced traders will tell you that without proper money management even a good trader will fail over the long term. You have to learn how much to risk on a particular deal, how often to trade, the maximum number of open trades you should have at any one time and the total risk you should expose yourself to at any given moment.

There are software packages that can help you with this. They are not intended to replace your own common sense, but simply to speed up your decision-making processes, based on certain criteria you have defined.

Spread betting is a geared form of investment, it carries a high degree of risk to your capital and can result in losses that exceed your stake. Ensure that it matches your trading needs as it might not be suitable for all investors. Before making any trades, make sure you are fully aware of the risks. Only spread bet with money you can afford to lose. Where you feel it is appropriate request independent financial advice.

Market Analysis

Predict The Stock Market Through Tools And Advice Provided By The Dow Theory

Predict the stock market with the help of The Dow Theory.com, a website devoted to better understanding the market and its changes. It can be difficult to get a solid grasp on the stock market and how to maximize your investments. That’s why The Dow Theory was started — to give you solid information and helpful tools that work to lend readers the expertise and experience of our site’s creator.

Founded by Jack Schannep, a former stockbroker age firm senior officer and highly experienced Dow Theory expert, The Dow Theory is a site intended for readers that want to be able to more accurately predict the stock market’s ebbs and flows. Schannep became well known among fellow stockbrokers and industry observers on the strength of his Timing Indicator and his advanced market predictions. He published them as the Schannep Timing Indicator Quarterly Letter until his retirement and continues to share accurate stock market predictions and advice through The Dow Theory.com. Schannep is motivated by the desire to share his secrets for financial success with others, helping them to retire earlier and lead happier lives.

Schannep and The Dow Theory have created a resource that gives you the information you need to financially excel and predict the stock market with greater and more beneficial results. Our website is packed with information that covers the basis of Schannep’s theories on the market, allowing you to share in the experience that has garnered his success. Using the Dow Theory as it applies to the 21st century market, readers can benefit from an investment strategy that makes (fantastic change to impressive) returns possible.

At The Dow Theory, we provide you with the Schannep Timing Indicator, a tool that allows you to more accurately predict the stock market. The Timing Indicator is based on the original system that helped to make Jack Schannep a leader in his field. It has been updated to better predict the stock market in today’s economic climate and help guide you toward smarter investments with better returns. By recognizing that no two Bear or Bull markets are exactly the same but still considering their common features, Schannep has been able to create a Timing Indicator that predicts market changes with outstanding results.

The Dow Theory hosts content that can’t be found anywhere else on the web and, best of all, the majority of the site’s content is available for free. Sign up for The ‘Dow Theory newsletter and receive access to the latest information from Jack Schannep. Our website is also full of important (tips change to advice) and guides to the market that let you predict the stock market with a sound theoretical foundation backing your decisions.

Let us help you with the information and tools you need to more accurately predict the stock market. Sign up for The Dow Theory newsletter or visit us today to learn more about our (system change to approach) and what it can do for you.

For more information on The Dow Theory or to get started with information that helps you to predict the stock market now, visit TheDowTheory.

Forex Trading Articles

Forex Trading Software – Get The Right Tools For The Job

One of the great things about Forex online trading is the amount of support software that is available. There’s a huge number of tools that can help you trade more effectively, and below you’ll find a list of some of the “essentials” for a positive Forex trading experience:

Types of Software:

Forex Signals: Much like other markets and financial environments, the Forex trading market often provides signals or indicators of an impending change. When one or more of these factors occur, small changes occur in trading markets or behavioural shifts occur which signal an impending shift in exchange rates. Sophisticated fx software can read these “signals” as reliable indicators of exchange rate changes and interpret them in a way that gives you a “heads up” as to what’s likely to happen in the market soon. By using these signals to inform your trades, a trader can keep one step ahead of changes in the market and make effective trading decisions. While many online trading platforms include signals as a standard feature, specialized signal software is often a lot more precise, so getting some dedicated signal software can be a very good idea.

Forex Robots: These are highly complex pieces of Forex Software that can perform the entire range of Forex trading actions on behalf of the user. They are highly complex pieces of software which are usually designed by professional traders and trade constantly, according to default settings, or your own rules as you prefer. Opinions on the effectiveness of automated forex trading systems is varied, but in back tests, some systems have been found to trade BETTER than a human trader so their value shouldn’t be dismissed.

Forex Demo Accounts: Possibly the biggest development in online forex trading has been the creation of the forex demo account. With Demo Accounts you can experience live Forex Trading in a risk-free environment. You can also trial different forex trading platforms by using the free demo accounts they provide before signing up to a live account to make sure you’re comfortable with the format, layout and controls. Forex Demo Accounts give you a free “test drive” of any system you’re considering using and are the utlimate try before you buy.

Online Forex Trading Platorms: This is where the online forex magic really happens. Live trades conducted instantly around the world thanks to the forex trading software you’re using. This is your direct interface with the forex market and how you transact your business. Without a piece of forex trading software, there’s no online forex trading! There are many options when it comes to Forex platforms, and each platform offers its own unique benefits, so shop around and check out the support features, tutorials and whether there’s an online community or not that is supported by the platform. Also check out any sign up bonuses available as this can give your trading life a real jump start.

New forex software is being developed constantly so it’s important to keep abreast of developments in the industry – good new tools are often the key to refining your forex strategy and getting the best returns possible on your initial investment.

Market Analysis

Make Money Online If You Know The True Tools Of The Internet

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You hear about it all the time, people working from home who know how to make money online.  In fact you not only hear about people doing it, you read the ads, and see the names on the Fortune 500 list.  If you want to be one of these people who is working from home and making a decent income, then you need to start to learn the legitimate ways to make money online today.  The truth is, there are many ways to start working from home and make money online at the same time if you have time to give and determination.

Of course there are many ads that promise to tell you how to make money online, but most of these are scams because you should never have to pay to make money online.  Therefore, one of the first things you need to learn is that any legitimate job that includes working from home online is going to require your hard work, not a start up fee.  With this in mind, you might consider the following ways to make money online.

Some people find that the best way for them to make money online is to sell their skills on freelancing websites.  There are many freelancing websites that introduce people with skills working from home with actual clients who need those skills and will pay for them.  In these cases, the person working from home is paid in a secure fashion such as PayPal if they complete the project.  Freelancing is a great way to make money online, and can work if you have talents ranging from computer programming, marketing, coding, writing, editing, and even more.

Other people choose to develop websites and then sell ad space to make money online.  Of course in order to sell higher ad space that will make you more money while working from home, you will have to spend a long time developing the website to make it attractive.  Thus, you might have to employ SEO tactics and proper web design skills in order to make money online, however you will find out the payout is well worth it.