Thursday, October 30, 2008

Is Foreign Exchange Trading For Me?

Is foreign exchange trading right for you? I'm going to talk to you about this huge market to help you better able to answer that question. There are a lot of ups and downs in this business. There is over three trillion dollars a day moving around, but there are also a lot of people losing a fortune of money. Knowing how to properly trade and more importantly, protecting your money, can go along way in this business. I've been doing this for a few years now and I'm going to share with you a little about what I've learned in my time and how that has helped me profit.

I think the demo platform is a great tool if it is used right. The problem is people tend to view a demo as something useless because they don't know how to use it correctly. Are you able to try out get rich quick strategies on it? No. It's not going to give you accurate results. It, however, is great for developing the necessary routines of trading and looking at trades. After a while of using it, you can start to develop "market instincts", which allows you to identify things much faster.

I think having the proper tools to get the job done is important. Most people try to be frugal in this business, but having automated trading software is extremely important. This is a global market, so it is open 24hrs a day. That isn't practical for someone that doesn't have a team of employees. Automated software acts as an employee that never sleeps.

Forex Tracer is an excellent automated software tool that I've been using for around a year now. It is able to competently find profitable trades on it's own. Nothing is more satisfying than waking up in the morning to see extra money in your trading account.

Learn more at the Forex Tracer Review.

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Tuesday, October 28, 2008

Proprietary Day Trading Firms - Which Is The Best For You?

If you are considering day trading stocks with a proprietary trading firm then you need to know some numbers before selecting a firm. Having these figures will help you evaluate what is the best firm for you in the big picture.

Regulatory and exam fees: Will you pay for these? If so, which licenses are required? If you need to acquire additional licenses, factor in how much time you need to spend studying in order to obtain the necessary licenses. Add a value of the amount of trading revenues you will not be able to gain due to studying and having to wait for all of the paperwork to be completed.

Daily minimums: Do you have to make a minimum number of trades per day/month? Or do you have to trade a minimum number of shares per day/month?

Percentage payout: What is the payout that you will get? Is the payout percentage after commissions and fees, or will fees be subtracted after your percentage?

Software fees: Do you have to pay for software fees? Or are your software fees waived with a minimum number of trades/shares per month?

Commissions, ECN fees, and borrowing fees: What is the commission rate you will be charged? Are ECN fees absorbed or charged/rebated? Will you be assessed any borrowing fees for leverage?

With these figures create a spreadsheet listing these values. List the figures for each firm you are considering, and create some hypothetical scenarios for:

  • Number of trades for the month
  • Average number of shares per trade
  • Number of trades/shares per day
  • Average gross profit per day

Run the analysis for each firm you are considering. Once you have your hypothetical "take home" amount per month, you have a good idea of which firm will best serve your needs assuming all of the "intangibles" are comparable between the firms.

If you want more free day trading tips, lessons, and articles then you are invited to visit Day Trading Stock Tips And Lessons

New Vauxhall cars stand outside the company's factory in Ellesmere Port, northern England, October 27, 2008. (Phil Noble/Reuters)Reuters - Auto retailers swung to quarterly losses in the third quarter, beaten down by the decline in U.S. car sales, tight consumer credit, and a weakening U.S. economy as well as hurricane-related damages.

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Monday, October 27, 2008

Research Is The Name Of The Game

I do most of my research after the day's trading has finished. Firstly I look for stocks that have performed well today and add them to my prospect list. This number varies from time to time but the average number can be as high as 50 or so.

The reason for so many prospects is because only a small percentage will eventually match my entry criteria. So because of this I am entering new names continually on a daily basis. There is no restriction to which sector they belong to either. They could be the banking or the mining sector, I try not to have favourites, but I must admit I find this hard to do at times.

I also keep an eye out for positive company announcements and also watch to see who is buying who in the substantial stock movements. Sometimes you can pick up on a takeover about to happen before the general market latches on to what is happening.

I have quite often just jumped on this stock for the ride, made my preset profit percentage and jumped off again. Not forgetting to put a stop loss in place in case the stock retreats as they quite often prone to do.

Another area that I like to keep an eye open for is when Directors are buying their own stock. This is a good indicator that they feel that the stock will be going upwards. I have never heard of a director buying their own stock to make a loss.

Like us they are out there to make a profit. They are a lot closer to the action than we are, sometimes they have knowledge that is weeks ahead of any news or company announcements that are likely to be made. Who else knows better how a company is performing?

I then check out my list of future prospects against my entry criteria. This is a step by step plan that I have devised over time. It works for me, but it is best that you have one that you are comfortable with. Another reason is that my criteria are quite strict and would possibly not suit the average trader.

Basically if any stock does not match up to this criteria then it is put onto the back burner for review later on. (In other words I am keeping a second list of potential stocks for later on. So you always have a list of prospects handy.)

With practice it is surprisingly how quickly you can look at a chart and see if the stock is a candidate or not. This way you can whittle the list down to 2 or 3stocks.How many stocks you invest in course depends on the amount of capital you have currently available for trading. So sometimes you may be restricted to just the one stock.

Quite often my funds are tied up and are not readily available; this is the case at the moment as I have been buying quality stocks at bargain basement prices. Even with these blue chip stocks, once my profit percentage is reached I sell them.

I do have a portfolio of select stocks that are paying healthy dividends. These are for the long term and I do not get concerned over the price fluctuations that are happening lately in the stock market.

When you do your research will ultimately depend on your work commitments or your other time constraints. It is really up to you as there are no hard and fast rules as to when you do your research.

The trick is to do it regularly until it becomes a habit, like riding a bicycle, the more practice you get the more proficient you become.

Chris Strudwick is a keen successful share trader on the Australian Stock Market Visit his weblogs for more free articles and useful information at both http://www.asxnewbie.com and http://www.aussiewealthreview.com - you will glad you took the time.

Traders applaud a colleague during the trading day on the floor of the New York Stock Exchange, October 27, 2008. (Brendan McDermid/Reuters)Reuters - Stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.

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Don't Lose Money Enrolling in an E-Currency Trading System

Every day brings a new and more exciting way to make money online. If you believe the dozens of advertisements that bombard us everyday, all of us should be millionaires. Why aren't we? Because 95% of the offers to make you rich are pure nonsense.

The latest scheme involves an old idea made new again. In the late 1990's millions of people lost billions of dollars when they discovered the lure of fast, easy profits from day trading. The rebirth of that idea is E-currency trading. Quickly becoming the darling of the online scammers, there are multiple sites offering the perfect trading system to make you rich while you sleep. These schemes are also called Forex trading systems. Forex, of course, stands for trading in foreign currencies.

E-currency trading is not new. It is however, enjoying a new popularity as more and more programs are being offered for sale. These programs, which range in price from $300 to $800, promise to train the investor to make high profits by trading in the foreign exchange markets. As with most other scams, there is always some expert who will tell you which program is the real deal. Don't believe any of them!

According to the Wall Street Journal, the average individual who purchases one of these systems, loses about $15,000. A typical program promises that if you will invest $200 to $5000 in the system, you will make thousands of dollars in profit in just a few weeks. Of course, the more money you invest the faster you will become rich. It's not going to happen.

Prior to the availability of the internet as a trading portal, individuals could only trade in currency through banks or reputable brokerage firms. But with the use of the internet by individual to trade, there is very little control by government regulators. The U.S. Commodity Futures Trading Commission is charged with the responsibility of regulating the currency trading industry. But it is difficult for them to find the online sites that are responsible for the majority of the fraud and responsible for the losses suffered by individual investors. In the last 5 years, the Commission has prosecuted about 80 cases on behalf of about 23,000 individual investors. Those investors lost over 350 million dollars.

Some of the so-called experts will tell you that there is an even better system for making money than an E-currency program. They will encourage you to join an arbitrage trading program. The wonderful difference is that you can buy this program for a mere $139.

Arbitrage is simply a financial word which means taking advantage of a price differential between two or more markets. E-currency trading is simply arbitrage of currency markets. They are the same thing. The scammers will tell you that arbitrage trading has been around forever, as if that makes it safe.

It has been around for years because banks and investment companies have professional traders who devote their full attention to trading foreign currencies. A few experts can arbitrage the foreign currency market for large gains. The individual is always under capitalized and could never compete with large financial institutions doing the same kind of trading.

The simple fact is that if you want to try E-currency trading or foreign exchange arbitrage, understand that it is a very high risk strategy. The only funds you should ever use for this kind of investment are funds that you can afford to lose.

There is one more consideration. Many of the early guru's of Forex or E-currency trading have been prosecuted and even gone to jail. If you are invited to join such a program and offered the opportunity to enroll others in the program, you may be putting yourself at risk of prosecution for fraud. Today I counted more than two dozen different Forex or E-currency trading sites to entice individual investors. Do yourself a favor. Stay very far away from all of them.

Sheila Guilloton is the owner of Prestige Planners and studies and reports on internet scams. Read more at http://www.PrestigeBusiness.homebiztruth.com

South Korea's President Lee Myung-bak speaks at parliament in Seoul October 27, 2008. (Lee Jae-Won/Reuters)Reuters - South Korea on Monday delivered its largest ever interest rate cut and pledged more spending and tax cuts next year to help economic growth, already at a four-year low and likely to be hit further by the global financial storm.

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Wednesday, October 22, 2008

Day Trading - An Easy Introduction to 3 Aspects of Day Trading

Sometimes you will hear the term "end of day trading". Needless to say, I took the term rather literally when I first came across it. Day trading is founded on the principle of using prices of stocks as they are at the end of each day's trading hours.

Generally, all trading activity takes place during any one day. Traders make their judgements based on the performance of the previous day's figures - or more often than not, a whole series of figures from a number of immediately preceding days. Either way, the measure of unit for the time scale is one day.

1. The factor that separates it from other methods is that there is no trading done after hours, or over the course of weeks or months. Until the advent of the internet and broadband in particular, only the full time traders in the business had any profound interest or knowledge in stock market trading. But nowadays, we are fortunate enough to have this exciting business brought right into our living rooms and there's much we can access in terms of knowledge and putting that knowledge into practice - for profit.

2. In days gone by, the only way you could trade was through your broker or bank. But now, I'm happy to say, everything is wide open. In a matter of hours, you can have your very own stock market trading platform, without even getting out of bed if you don't want to. I have data feed for stock prices supplied to me every day for less than $1 a day, and an online account which shows me streaming up to date prices, rather like a rolling spreadsheet which cost me a $200 one time payment, to open an account.

3. There's a lot a fear and caution surrounding trading, but in my opinion, most of it is unfounded and based on lack of knowledge. And there are several risk management techniques available and some quite milder natured markets you can begin with you can I was quite fearful until I started to explore the possibilities and take a serious look at the whole picture. The management system of stop loss procedures certainly calmed my fears and I wouldn't day trade without them now.

How would you like to discover more about the techniques successful traders use to make profitable trades?

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A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Amazon.com Inc said sales in the holiday quarter would fall short of Wall Street expectations, sending its shares down nearly 14 percent as consumers cut back on spending and a strengthening U.S. dollar eroded the value of foreign sales.

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Tuesday, October 21, 2008

Forex Trading Just Got Easy

FOREX Trading has always been one of my interests, and I always thought it was something only the pros could do, something which you had to study for years on end. It seems this is not the case anymore! With modern technology growing increasingly clever, you can now learn about the Forex Trading Systems online. I've seen several products available, all of which look really interesting and I've compiled some information for others who are also interested in getting started with Forex Trading.

You start by investing any amount of money you feel comfortable with, into the forex trading system, there is no minimum or maximum, but the more you invest, the more your likely to earn in return, just like interest at a bank. As long as you have an Internet connection, and a computer you can leave on most of the time, you too can make money of FOREX.

A product I saw recently, changed a $10,000 account, into $330,000 within 8 months, which is pretty incredible. Overall 90% of the trades made by the forex trading system are won. This means every 4.8 in 5 trades are successful and profitable! The average recorded number of consecutive wins on this account was 19. So that is 19 trades in a row, all of which were won. And the highest number of consecutive trades reached an astonishing 53.

The forex trading system is automatically set on autopilot, making all thee decisions for you based on future forecasts and events that happened within the last 4 years. You do not really need to know all the details about how it works and what it does, because the software is set to run and do everything for you.

The particular Forex trading system I saw, offers a 60 day or 8 week money back guarantee on the product, meaning if your not happy with the system or find it too mind boggling, you can get a refund no questions asked! If you think logically, the product is worth $250, which you could easily make back in the first 2 weeks depending your initial investment!

Check out The Ultimate Trading System, As well as other Forex products

Happy Trading!

McClatchy Newspapers - MOSCOW - Oil prices have plunged from a high earlier this year of $147 a barrel to the $70s this week, dangerously close to the minimum needed to sustain Russia's national budget. Russian stock markets have lost more than 60 percent of their value since May. The rough times have forced the recent sales of five banks, at least three of them for symbolic prices of less than $200.

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Monday, October 20, 2008

Online FOREX Trading - 3 Common Errors That Will Make You Lose

Online FOREX Trading was seen as the way for the little guy to compete with the big professional traders but guess what?

The ratio of losers remains them same as it was before the rise of online FOREX trading.

How can this be so surely they should do better? The answer is no because traders make these common errors.

1. Blinded by technology

This happens to many novice traders they see the vast amount of news and indicators at their disposal and think they have technology on their side and will win.

Most over complicate their trading and lose.

Simplicity is the key to trading and this was so before the rise of online trading and is still true today.

There is no correlation between how complicated a system is and how much money it makes.

In fact, simple systems are best as they more robust in the face of brutal market conditions.

2. Day trading and over trading

The rise of online forex trading has seen the bulk of new traders try and make money day trading.

This is a huge mistake.

Day trading doesnt work, as the logic its based upon is nonsense.

Day traders have no reliable data to work with.

It's obvious that daily moves are random as daily volatility is random!

Day traders argue that trading short term is possible with online forex trading but this is not true you cant win if you cant calculate the odds.

Dont believe me?

Ask any day trader for a real time track record of profits, they have made over the longer term and you wont get one because it doesnt work PERIOD

3. Money management

The speed of the Internet in delivering information has increased volatility.

This means that traders have to be far more careful with money management than before.

Most traders in online forex trading are trying to restrict risk so much that they almost guarantee they will be stopped out and lose.

If you want to make money in forex trading your stops cannot be to tight or volatility will simply stop you out.

You need to take risks to make profits and this is as true as its ever been.

Placing stops close to entry may keep your losses small, but whats the point of that if you are almost guaranteeing yourself that you will are stopped out?

To make money you need to risk it Its as simple as that.

The tools need to be applied correctly!

Online forex trading is seen as a way for the little man to compete on an equal footing with the big players but nothing could be further from the truth.

Online forex trading has lured many traders into a false sense of security where they think because they have all the tools they can win (but they dont learn how to apply them)

Additionally, they think they can now catch short term moves and engage in the best way to lose money in forex day trading.

Finally, they think they dont need to take big risks to make big gains and end up eroding their accounts with consistent losses - all small but they add up.

Online forex trading has not seen any increase in small speculators winning and the three reasons above are the major ones why

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Traders work in the energy options pit of the New York Mercantile Exchange October 17, 2008. (Shannon Stapleton/Reuters)Reuters - Oil rose over $2 on Monday and changed hands at $74 on expectations that OPEC could cut output this week to lift prices that have plunged more than 50 percent from a record high in just three months.

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Friday, October 17, 2008

Tips For Making Currency Trading Made Easy

Currency trading made easy is the goal of all the traders out there. It isn't an impossible task, it just requires you to apply some basic rules on a daily basis to keep your trading as simple as possible.

  • Become Emotionless: We are emotional creatures and we cannot change that. What we can do is control it. Emotions over the long term always lead to losses. You need to learn to control yourself. One of the most common emotions you'll get is the "gut feeling". Something inside of you is just telling you to buy, sell or even avoid. It almost seems counter-intuitive, but your emotions can really play tricks on you. Trading should be nothing more than a logical move. You need to make moves on numbers because numbers never lie. Number aren't biased and you definitely can't weasel yourself out of numbers. I find the best way to be emotionless is to make rules for a trade before you even make it. You should already know the points where you're going to sell this currency for a profit or to avoid a loss.
  • Economic News: Very important to pay attention too, but many people miss it. The economic news of a country is the foundation that holds up a currency. The last thing you want to do is buy into a trade hours before the Federal Reserve is about to announce something. You need to watch out for the news related to central banks, like the federal reserve, and any other economic news like GDP, unemployment rates, etc. If you don't you could buy into a trade that goes in a completely different direction based completely on the news.

This is what I use to make currency trading made easy. You should try to follow these and apply them on a daily basis for best results.

I hope this advice will help you learn foreign exchange market trading. I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

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Thursday, October 16, 2008

Day Trade Penny Stocks Newsletter - A Doubling Stocks Review

Can A Day Trading Penny Stocks Newsletter Provide You the Day Trading Stock Tips You Need?

Keep hearing about day trading like it is some kind of game people play to make money? Wonder how anyone actually makes any real money with something called "penny" stocks? How are people buying penny stocks and where do they find the penny stocks lists they use to succeed? Do you need an online trading broker?

Doubling Stocks provides you with a successful, acclaimed and established weekly email newsletter featuring good stock picks on day trading penny stocks. Instead of just abstract advice, Doubling Stocks tells you the specific stocks to buy and why, then tells you exactly when to sell them to maximize your profit.

Michael Cohen and his father John Cohen have been providing successful good stock picks for decades. Michael Cohen carries on his father's legacy in a program renown for its uncanny selections on day trading penny stocks by such esteemed online sources as Business Week Online, Interactive Investor and Entrepreneur. My Doubling Stocks review will reveal my hands-on experiences with the newsletter and caution you about any possible shortcomings.

One indisputable value of Doubling Stocks is that it offers you a full eight week 100 percent risk-free trial. You don't even need to bother with my review if you can just try it out yourself without risk and immediately start day trading penny stocks with Doubling Stocks' good stock picks. If after eight weeks you decide you don't want to buy Doubling Stocks because it hasn't provided you with day trading stock tips that work for you, you get all your money back, no questions asked.

If you choose to stick with it, you pay 49.97 just once: you never need to renew or pay anything more ever again and you'll receive the Doubling Stocks email every week for however long you wish. Different methods work for different people, so if you really want good stock picks and you're determined to succeed, there's absolutely no reason why you shouldn't try mastering day trading penny stocks through the Doubling Stocks newsletter. You have nothing to lose with the Doubling Stocks trial, but if you don't join soon you may miss your opportunity to join the newsletter. Michael limits the number of subscribers to his newsletter.

Day Trading Penny Stocks: Day Trading Stock Tips to Get Rich Quick?

Make money online and get rich? Sure. Get rich QUICK? In short, no. Don't fool yourself here. Doubling Stocks will provide you the good day trading stock tips you need to begin mastering day trading penny stocks, but it requires you follow through and accept some risk. In my three months with the program, despite few home runs, more than 3 out of every 4 picks made me money. But that means one in four picks didn't succeed. This is simply the nature of day trading penny stocks and no matter how many good stock picks you're provided, you will have to steel yourself for an occasional risk. I do strongly suggest you stick with it for a few weeks. You'll refine your trading wisdom with each newsletter arrival and any issue could suddenly provide the pick that really makes it all click for you.

The great news is that we are dealing with day trading "penny" stocks, not trading hundreds of shares of Microsoft or Exxon. When you start, you can easily limit your risk to pennies. Even if you're completely new to investing and have very little money to start, Doubling Stocks starts you slow, then you can reinvest what you've made until you're making some serious profit through day trading penny stocks.

Although I found it a benefit, one possible criticism of the newsletter is the no-nonsense approach Michael takes towards trading stocks. Like any business venture, you need to put in some time researching the topic a bit for yourself, because Michael is more interested in very direct and explicit good stock picks. You won't see him wax philosophical too often. "Just the picks, ma'am."

Will This Penny Stocks Newsletter Really Work For You?

As long as you put in a reasonable amount of effort, I really do think it will. Why? Because you have John Cohen's lifetime of wisdom and Michael Cohen's savvy and diligence providing you all the research and good day trading stock tips you could possibly need to succeed. You will need to put in your own work, but I found it remarkably simple and quick to begin making a bit of money right away with Doubling Stocks. You need to stick with it and reinvest your earnings slowly, but eventually you will reach some serious profits by day trading penny stocks.

I've tried a few different online programs and bought a few day trading books on Amazon. I am sure some of this material provided me some wisdom I do not realize I am using, but they all provided me too much background information and abstract theory. Doubling Stocks provides good stock picks so you can soon profit from penny stocks. You'll find very little dry, sleep-inducing theory.

Michael Cohen has made millions for many people. He has a loyal following and my time receiving his newsletter illuminated the reasons why: Simple, direct success with good stock picks for day trading penny stocks. But why should you give Doubling Stocks a shot? Because you have absolutely nothing to lose. Maybe you won't find it as worthwhile to you as it was for me. But why would you not at least give it a shot with the incredible eight week 100 percent risk-free trial? This is not expensive. This is not time-consuming. You have to decide how bad you want your financial independence. You don't even need to read my opinion when you can check it out for yourself. Go try Doubling Stocks now while there are still subscriber slots left.

And that is one final, important point. If you're at all interested, just do it and do it now. This isn't a service open to everyone all the time. Michael closes off access to Doubling Stocks every couple of months because he doesn't want too many people pillaging his picks and affecting the market. So if you want in, go to it! Start day trading penny stocks now!

Charlotte Simms is a former teacher and technology consultant. Her hope is to bring useful, empowering technology into the lives of people who feel intimidated by things like blogging, the Internet and online stock trading. Do you think a little bit of quick cash might help you out? Does quick mastery of day trading seem like something you'd enjoy? Learn more about finding financial freedom through penny stocks: Day Trading Penny Stocks

A trader counts his money on the floor of the New York Stock Exchange October 7, 2008. (Brendan McDermid/Reuters)Reuters - Financial institutions ran to their lender of last resort for record amounts of cash in the latest week, under extreme pressure from the worst global financial crisis in a generation, Federal Reserve data showed on Thursday.

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Automatic Income Generation Through Forex Trading

Automatic income generation through forex trading is not as difficult as people usually consider it to be. Anybody who is "educated enough" can participate in this type of investing and generate profits. The key here is to be educated enough. Like any professional trader, you can also make handsome income through such investments, but you must have the correct knowledge to do that. You must be aware of the tools and strategies that can make the big difference for yourself. Let me share some of the important factors that might play an important role in documenting your success story as a forex trader.

The Right Form Of Education

Always remember that forex trading is an automatic income generation method but only for the educated traders. Therefore, it is very important for you to attain the right form of education. However, you must keep yourself away from the infomercial Forex riches classes. They may not be very helpful for the beginners. You will only end up spending lots of money with little or no return at all. Word of mouth recommendations are perhaps the best way to find the right training program regarding automatic income generation through currency trading. You should also note that there are hundreds of such training courses and materials available in the market. Therefore, it definitely pays to shop around.

Understanding The Use Of Forex Tools

Different Forex tools also play a very important role in determining the amount of profit in your venture. Some of these tools can even send you important trading signals through the email or SMS. Likewise, some tools are capable of sending you various buy and sell alerts. Most of these tools are software programs. You can get these tools from your favorite Forex trading sites on the Internet. However, make sure that your decision should not be based only on the information that is provided by these tools. In order to make the best use of the automatic income generation method, you must also do a technical and fundamental analysis thoroughly in order to decide whether you should buy or sell or simply stand aside.

Your Customized Trading Strategy

It is good that you are careful and are using tried and tested strategies, but at the same time, it is also important for you to develop your own personal trading strategy. It is, in fact, not very prudent to always rely on the suggestions of your broker. If you are capable enough, you must include your own personal game plan to ensure better automatic income generation. Always remember that a Forex trading strategy cannot be something generic. Last, but not the least, you also need to be very careful while you are setting up an account with a FOREX broker.

If you enjoyed this article and want more information on how to automate you income through Forex Trading. Discover a proven step by step system, never revealed before to generate income automatically. Why not visit? and get your free $67 course.

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Tuesday, October 14, 2008

Forex Markets - Trading Internationally

Forex is the market exchange of money and cash worldwide. Most of all countries on the earth are involved in the market Forex Trading, where money is traded on the basis of the value of the highest currency at the time. While there are currencies that not worth much, this will not be traded strongly, because there are currencies, which are more valued. Thus brokers and bankers are going to choose to invest in this market at such moment.

Forex Trading takes place every day, where nearly two billion dollars are transferred each day - a huge sum of money. Think of how many millions it would take to bring about a total of one billion, and then think that this is done on a day by day base - if you desire to get concerned in the money exchange processes, you must know that Forex Trading is a place ''where money is swapping hands every day".

The cash that is dealt on the exchange markets will be this of all countries throughout the world. Each currency has its own three-letter symbol to represent this country and the currency is being marketed. For example, the yen Japanese is the JPY and the dollar USA is USD. The pound sterling is the pound sterling and the euro is EUR. You can buy and sell within numerous currencies in a particular day, or you can buy and sell in a currency different for each day. Most of all transactions through a broker, or those of any company will require a certain type of fees, so you have to be sure in the trade that you deal, because creation of too many trades will involve many costs.

Trades between marketplaces and nations will occur every day. A number of the most common trades occur between the euro and the U.S. dollar, then the U.S. dollar and Japanese yen, and after that the other most often seen operations lie between the pound sterling and the U.S. dollar. The operations occur throughout the day, all night and taking place in different markets. At the time when a country opens for exchanging in a day, a different is closing. The time sectors from around the world affect how the cooperation takes place and where marketplaces are released.

When you make a business between one market and another, relating one legal tender to another, you will become aware of the symbols, which are used to give details on these operations. All dealings are in progress to bear a resemblance to something like this: EURzzz / USDzzz, and the "zzz" are to symbolize the fractions of commerce proportion for the different transactions. Other examples could give the impression of being like this: AUSzzz / USD, etc. At the reading and examining your statement and exchange information online, you will be aware of it much better if you remember at least the most important symbols of currencies that are concerned.

Justin Boyce is a widely known online marketer one of his passions is Forex trading. Financial investments is an easy way to make money grow and the returns are quick if you use a proven forex trading system. Visit Justin Boyce's site to learn more and start growing your money now

Secretary of Treasury Henry Paulson talks about financial markets and the Market Stability Initiative in the Cash Room of the Treasury Department in Washington, October 14, 2008. From L-R are: Paulson, Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila Bair, President of the N.Y. Federal Reserve Tim Geithner, Currency Comptroller John Dugan, SEC Chairman Christopher Cox and OTS Director John Reich. (Larry Downing/Reuters)Reuters - The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.

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Day Trading Community - A Group of Traders Dealing in Stocks

Online trading communities are become a norm now-a-days. A bunch of people with similar interests come together and form a community. Day trading community is also an online community formed by a group of persons who like to trade in different financial instruments on the same trading day.

Day trading is a term that signifies that you buy and sell financial instruments within the same trading day, whereby all stock positions are normally closed before the stock market closes for the trading day. The positions are not necessarily always to be closed.

People who participate in this kind of trading are called day traders.

So, such like-minded persons join together to form an online day trading community, whereby they share and discuss their viewpoints on various changes in stock market. They may discuss different rates at which various instruments are floating in the market. Some of the financial instruments in which they commonly day trade may include stocks, currencies, stock options, and an array of futures contracts such as equity index futures, interest rate futures, and commodity futures.

Day trading community has its own importance in that people that form this community have similar tastes and way of thinking. They are willing to share information with one another with purity and without any ill will. They are more than willing to pass on any information that may hold key to earning profits in a given day of trading in specific instruments.

A day trading community normally follows certain rules regarding registration of members who want to join such a community. Following certain regulations is a must to avoid any frauds or embarrassing situations.

A day trading community's registration system may ask for e-mail address validation by transmitting a link to the email address that must be clicked on by the person seeking registration to validate the email address.

A day trading community should be clear about what it expects from its members. It can put up expectations in a particular page covering clear community guidelines. A day trading community's communication with its members should be clear, direct, and done frequently. Information sharing can be a powerful tool for such a community.

This article written by David Jose is on Day Trading Community David Jose has been a avert writer on various online trading communities. His work has been published in several places across the web. At present David Jose is contributing towards making MTP a well known and popular online trading community.

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Monday, October 13, 2008

Understanding The Day Trading Community

The concept of trading has taken a diversified meaning, especially in the present world in which trading is the basic work culture. Traditional trading is no more in the market. The world wide web has taken over everything that matters a lot, and we are completely in the hands of potential websites. The most effective consequence made by the internet invasion is the prevailing online trading community. If you become a member of a trade related website then you can be known as a community member of trading website. In the present times, we can find many traders getting engage in a Day Trading Community.

Nowadays, we have traders who do buying and selling of stocks or any monetary products within the same day. Here, bartering starts in the morning and ends completely in the evening. There is nothing left over consequence for the next day. Such kind of trading which happens within the same day through the internet services are generally termed as a Day Trading Community or simply known as an Online Community. There is huge traffic in such communities as more and more people are joining them.

If your personal computer is connected to world wide web service then you can also become a day trader. For this, you will have to become a member of day trading community. When you have become a member of it then start reading so as to gain sufficient knowledge on day trading. In such communities you can solve all your various trade related queries with the help of some blog and chatting tools. There are many financial experts and people who are already doing businesses successfully. Some of the instances of such day trading communities are stock, forex, mutual funds day trading etc.

Hence, we have come to know how day trading community is making progress day by day.

This article written by David Jose is on Day Trading Community. David Jose has been a avert writer on various online trading communities. His work has been published in several places across the web. At present David Jose is contributing towards making MTP a well known and popular online trading community.

A trader gestures on the floor of the Philippine Stock Exchange (PSE), where shares ended one percent higher in today's trading, in Makati City, Metro Manila October 13, 2008. (Cheryl Ravelo/Reuters)Reuters - Stock index futures were sharply higher on Monday, pointing to a rally on Wall Street as a flurry of moves by governments to restore confidence in the global financial system spurred a rebound in stocks worldwide.

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Friday, October 10, 2008

Forex Trading Tips I Use

I wanted to take the time to share with you some of the forex trading tips that I use with my personal trades. This is the biggest market in the world with several trillion dollars traded in a period of 24hrs. This means there is huge rooms for profit.

  • Cripple Emotional Thinking: This is the last place you want to be emotional. When you do this business with emotion, you're basically at a casino rolling the dice. Basically, all you're doing is gambling. You have to have one consistent rule; when it comes to my money, I'm going to put logical thought into where I move it. It's as simple as that. You want to make trades based on logical and factual signs. You don't want to make the move because you have a "gut feeling". If you feel yourself having "gut" feelings, a "need" to make a trade, a euphoric feeling, you need to take a break. Walk away because you're leaving yourself open to losing your money.
  • A Simple Routine: When you first start out at this, everything will be chaotic. Eventually, you'll make it to a point where you "get it". This is when the routines develop. Anyone that is trying to make an income, is doing a routine. You're going to need to do the same similar tasks you did every other day to make profits. The problem is that people make it complicated. Complication makes it hard to follow and you're more likely to make mistakes. If you keep it simple, it is much easier to get working.

If you're interested in learning how to profit in currency trading industry, you should take a look at the Forex Factor X. It is an excellent system for doing well with trades.

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Entry Strategy is important for making profits and minimizing risk. Knowing when you are going to buy a share will always give you an advantage because, if you buy under the right conditions, then you will have less to lose than if you buy at the very top of the market.

Exit Strategy means having a plan for either taking profits or minimizing losses. No exit strategy means more losses.

Taking Profits is about having a business plan that enables you to make a living from the share market. Businesses make profits for their owners to spend on their lifestyle. Share traders work for themselves and need to make profits to survive. Regularly taking profits on the share market is how traders make their money. Other people will leave their money in a share stock for years and, in some cases, they will see a reasonable return, but more often than not, the majority of people wished they had of sold their shares when they were at their previous highs.

Minimizing Losses is as essential to survival on the share market as taking profits is essential. Cutting losses quickly means that you are not financially and emotionally damaged from a huge loss. A series of large losses can blow your bank or even bankrupt you, whereas a few profitable trades quickly cover a series of small losses.

Key Indicators are the only tools that you need to use to trade successfully. Trading is easier than people realize. For the Technical Analyst, there is no need to be studying reports and having to have an ear glued to the news. Simply using about half a dozen basis indicators is sufficient to be successful as trader. In fact, the fewer the better.

Basic Patterns help you understand how simple the market is to read. There are excellent formations like a double bottom and an inverted head and shoulders, which are very reliable and other formations within a trending market, like triangles and pennants that confirm the trend.

General Trends give an idea of what is happening in the market. Some stocks will buck the trend, but most will not. What happens to these stocks forms the trend. Because of this is it profitable to trade the indices.

Small Caps are known as the lower end of town, and this is where some very good value trades can be made, because they have greater a chance for growth.

Large Caps can be safe investments, but often they are slow movers. Exceptions are when there is a mining boom and large mining companies are growing or some other industry is experiencing phenomenal growth. Meanwhile the other industries might be lagging for years and the companies fully capitalized or over capitalized. Unless you are using options, it is best to keep away from large caps, if you are looking to make serious money.

Trading Options provide excellent leverage on large caps. This is the way to make money on these stocks. Owning a share might cost you $40.00, but the option may be obtained for only $1.00. If the share moves up $4.00 and you sell the share, you will make very little because you will have to pay brokerage of the total value of the share and not the $400 profit on the 100 shares sold. On 100 options you would make 300% profit and only have to pay a small amount on each option purchased. The difference in outlay and profit is enormous.

Happy Riches knows how to show you how. Happy Riches also runs an educational membership club which has a focus on people becoming healthy, wealthy and wise. Happy Riches can be found at http://www.happyriches.name

President Bush speaks on the phone with Britain's Prime Minister Gordon Brown to discuss efforts to solve the spreading global financial crisis, October 7, 2008. (Eric Draper/The White House/Handout/Reuters)Reuters - The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring al U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive losses in equity markets, The Wall Street Journal reported on Friday.

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Monday, October 6, 2008

Trading Forex the Smart Way

I'm going to share with you some tips for trading forex the smart way. This is a great market place to get involved in because you are in the potential of making great sums of profit all from home. That's not to say it's easy, but you're given an opportunity to build your own wealth and not rely on your "boss" for it.

  • Demos: A lot of experts don't recommend this, but they have forgotten what it was like when they were new. As an expert trader making huge sums of money already, a demo account really isn't going to help you. If you're new or someone that isn't make that much profit a demo account can really help you get your head straight. The first thing it does is allow you to properly learn your trading platform for optimum use. Secondly, it allows you to develop those routines that lead up to trading. These routines are the things that make you the profits. Lastly, it allows you to test strategies out without the fear of losing your money.
  • Emotion: Emotion is your enemy in this business. You have to recognize what emotion is meant for. It is designed from primitive human caveman. Your emotions came out as a way of protecting you. You felt fear and anxiety as away of allowing yourself to survive. Those emotions aren't going to help you when you're trading.
  • Software: All the big trading firms and banks have software, so you should too. It can make the process of trading a lot easier and allow you to do more important work.

I'm currently giving a 7 day free forex course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

Men walk past a branch of Wachovia Bank in Washington, October 3, 2008. (Mitch Dumke/Reuters)Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.

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Sunday, October 5, 2008

Successful Currency Trading - 10 X Conventional Investment Wisdoms Which Will See You Lose!

95% of traders lose money and that's a fact and it's also a fact that most of the so called conventional ideas about making money are dead wrong and cause traders to lose. Let's look at some conventional wisdom and why it's dead wrong...

1. Buy Low sell High is a Good Way to Trade

Not in forex trading it isn't - the best way to trade and catch the big moves is to buy breakouts to new market highs or lows. It's a fact that most major trends start from these.

Also if you try and buy bottoms and sell tops you are making the next mistake.

2. Predicting Forex Prices Works

No it doesn't. If you predict you're hoping or guessing and that won't get you far in life or forex trading.

Traders are obsessed with predicting exact tops and bottoms but its not possible so don't try and that leads to my next point...

3. The Markets Move to Science

This idea is loved by many traders but there is no science to market movement.

Why?

Because if they did, we would all know the price in advance and there would be no market.

Traders follow such "legends" as Gann Elliot and Fibonacci and think they know the code and lose. Markets are an odds game, nothing more than that so stop trying to be perfect and make some money.

4. Day Trading and Scalping Reduces Risk

Know it doesn't, it creates it and guarantees you will lose, as all short term moves are random in daily time frames - pretty obvious really - but many novice traders fall for this one.

5. Get a Forex Robot

Most of these are junk and have back tested simulations as track records and the market gives them a lesson in manners in the real world.

Don't fall for the hype check the track record which is normally a made up simulation.

6. Follow an expert

Traders never learn - the so called experts are in most cases not really experts at all - but even those that offer good advice the trader can't follow, because he cant go through a period of losses, without throwing the towel in because its not his track record and confidence and discipline crumbles.

7. Forex Trading is Easy

Most traders just think it's easy and of course its not - that's why 95% of traders fail. Sure the rewards are high - but it requires effort to make them.

8. Risk 2% Per Trade

This is just plain dumb.

If you don't risk much you wont make much and most traders in retail forex are trading small amounts so on $1,000 2% is $20.00, that wont make you much!

9. Diversify

Spread your risk is a commonly accepted wisdom but all it does is dilute profits and if you have a small account it's a total waste of time.

10. Technology can Help You Win

No it can't - think about it and remember 30 years ago 95% of traders lost and ratio is still the same today, despite all the advances in computers, software and communications.

So always remember forex should be simple and trying to be clever will just see you lose.

Forex trading offers an opportunity for the trader who accepts that he has to do it on his own and create his own rules and follow them with discipline. Anyone can learn forex and anyone can win and really its not the market that beats the trader, it's the trader who beats himself.

Forex trading is open to everyone and anyone can enjoy currency trading success, if they have a willingness to work hard and have the mindset to succeed.

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Italian Prime Minister Silvio Berlusconi (C) speaks with France's President Nicolas Sarkozy and German Chancellor Angela Merkel (L) as British Prime Minister Gordon Brown answers questions during a news conference following a summit to discuss the international financial crisis at the Elysee Palace October 4, 2008. (Philippe Wojazer/Reuters)Reuters - European leaders vowed after crisis talks on Saturday to do all they could to fend off the financial mayhem that has snowballed out of Wall Street and is now hitting banks in Europe.

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Saturday, October 4, 2008

Automated Forex Day Trading Scam - Forex Autopilot Robot Really Work?

Does automated forex day trading really work? I must say that the concept of Forex Autopilot really intrigued me, but at the same time sounded too good to be true. Eventually I went ahead to test this system, and I will list some of this software's features and benefits in this article.

What Are Some Benefits of Using Forex Autopilot?

1. Hands Free Trade Management

This is one of the main benefits that explain why this software has been so popular amongst traders. Previously, profiting from the Forex markets is only an option for professionals who have the skills AND can afford to scan the markets full-time. This is simply too risky for anyone without sufficient experience to do, especially when they have a family to feed.

Forex Autopilot is able to analyze the markets 24 hours, which beats any human being's manual analysis. This software can then analyze the markets and enter trades based on its own internally programmed system. It can then handle every trade for users automatically, exiting positions by itself when take-profit or stop-loss levels are met.

2. Automatic Risk Management Strategies

Forex Autopilot software comes with a money and risk management strategy. In fact, the lack of discipline and a good management strategy is the main reason why many traders lose money, making this one of the most important features of the software.

3. Professional Trading System Programmed Into the Bot

Finally, this is the feature that tells the software what conditions to look for, using a series of technical indicators to find price swings and continuation patterns. It has been doing a really good job for me, making many small consistent profits throughout the months, and I highly recommend it.

Are you looking to download the Automated Forex Autopilot Software? Don't download it until you read the author's review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots.htm first.

The author has found a 100% automated Forex Trading Robot that is making him over 20% returns on his capital every month. CLICK HERE to find out about it!

US Rep. Spencer Bachus (R-AL) waves to reporters as he departs a meeting with fellow Republicans about a bill to provide a $700 billion bailout for the current financial and banking crisis, on Capitol Hill in Washington, October 3, 2008. (Jonathan Ernst/Reuters)Reuters - The U.S. government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis.

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