Tag Archives: Trading

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

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

Forex Trading Articles

Best Online Foreign Exchange – The Best Online Forex Trading Tools and Tips to Make Profit Online

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Best Online Foreign Exchange

If you are into foreign exchange trading or currency trading online, it is important to help yourself in finding the best online forex trading tools that can maximize the profit you can get. Of course, that is your goal. Foreign exchange trading these days is moving towards automation and moving online as well. With the wide reach of the internet as well as the automation of some of the trading processes, foreign exchange has become a lot easier and convenient as well, but of course, the risks are still there. Best Online Foreign Exchange

Forex trading is indeed a risky business. In fact, you cannot just trade without ever losing. You have to expect to lose in the course of making money in the currency market. As the currency rates fluctuate every second and every minute of the day, you as trader, must be equipped with the right and the best online forex trading tools that allow you to make predictions and read trends that can guide you to make wise trading decisions later, and of course make the most profit.

Of course, in online forex trading, you need to be equipped with the best online forex trading tools to help you trade fast and quick as soon as market conditions allow you to trade and make good profit. Although you are doing the foreign exchange trading online and in most cases, are already automated, it is important to make sure you have the best tools as well.

You can save time by getting yourself a forex robot or a forex software that allows you to automate your technical analysis, data gathering as well as spotting the trend. Although not all foreign exchange software work the same, choosing which is best for your trading style and technique is always important. Best Online Foreign Exchange

With a trading software or a forex robot, you will save time in monitoring currency prices and generating currency price trends that is important in making profit in forex. You can also choose forex robots that can help you automate not only the technical analysis but including the trading itself, but of course, it would still be guided by you and your trading strategy.

In choosing the best online forex trading tool, make sure that it fits your trading strategy as well and make sure it is something that is easy to use. Of course, you don’t want to spend so much time tinkering on the tools and menu of your forex software, given the round-the-clock operation of the currency market.

To get the best online forex tool, it is also important to practice on it and learn everything about it. For sure you don’t want a tool that can fail you during actual trading.

Keep in mind however, that even if you put your technical analysis and charting into automation, it is still important to consider other factors that may affect the currency market by also doing the fundamental analysis. Successful traders indeed, do not just rely on charts and trends, they also know how to read the socio-economic as well as the political conditions of the countries they are concerned with. Best Online Foreign Exchange