In the Foreign Exchange Market (Forex) you buy one currency while simultaneously selling another currency. That is why currency exchange rates are always quoted in pairs. For example: GBP/USD (British pounds/U.S. dollars). Okay, that sounds simple enough; but how does it actually work?
When you buy or sell a currency, your expectation is that the price of the currency you bought will increase in value (appreciate) in relation to the currency you sold or, conversely, if you sell a currency, your expectation is that the price of the currency you sold will decrease in value (depreciate).
Currency Pairs: Again, currency rates are quoted in pairs because in every foreign exchange transaction one currency is bought while another is sold. It is a simultaneous transaction.
The currency listed to the left of the slash ("/") is known as the base currency and the currency listed to the right of the slash ("/") is called the counter or quote currency. For example, with the GBP/USD currency pair, GBP is the base currency and USD is the counter or quote currency.
Exchange Rates: An exchange rate is the ratio of the value of one currency compared to the value of another currency. For example, the GBP/USD exchange rate indicates the value of British pounds compared to U.S. dollars and U.S. dollars compared to British pounds.
Example exchange rate: GBP/USD = 1.3900 tells us that it would cost 1.3900 U.S. dollars to buy 1 British pound. Also, if you wanted to sell 1 British pound, you would receive 1.3900 U.S. dollars on the sale.
So you see, the base currency is the "basis" for either a buy or a sell transaction.
If you buy EUR/USD this means that you are buying the base currency and simultaneously selling the quote currency.
Further, you buy the pair when you think the base currency will increase in value (appreciate) relative to the quote currency and,
conversely, you sell the pair when you think the base currency will decrease in value (depreciate) relative to the quote currency.
NOTE: In the above scenarios, if you buy a pair you go "long" and if you sell a pair you go "short." Transaction Example
You buy 10,000 Euros at the EUR/USD exchange rate of 1.29
It costs you 12,900 U.S. dollars. (Much less out-of-pocket with a margin account.)
If the Euro appreciates to 1.39 (GBP/USD = 1.3900) against the U.S. dollar and you decide to exchange the Euros you bought, back into U.S. dollars, you would receive 13,900 U.S. dollars in the transaction for a profit of 1,000 U.S. dollars. (13,900 you received in the sale minus 12,900 you paid when you bought the Euros.)
Once again, you buy a pair (go long) when you think the base currency (the first one in the pair) will appreciate and you sell a pair (go short) when you think the base currency will depreciate.
Bid/Ask Spread:
There are two prices in all FOREX quotes-the "bid" and the "ask."
The bid is always lower than the ask.
The bid is the price at which the dealer is willing to buy the base currency in exchange for the quote currency. Thus, the bid is the price at which you (the trader) can sell.
The ask is the price at which the dealer will sell the base currency in exchange for the quote currency. Thus, the ask is the price at which you can buy.
The difference between the bid and the ask price is known as the "spread."
GBP/USD Price Quote Example
1. The bid price is 1.3950 and the ask price is 1.3954. 2. To buy GBP, you click "Buy" and you will have bought British pounds at 1.3954. 3. To sell GBP, you click "Sell" and you will have sold British pounds at 1.3950.
To Buy Or To Sell, That Is The Question!
We list many Courses and eBooks on this website that can help you learn whether to buy or sell and when to do either one. You will also find trading systems and trading software here that can tell you if and when it is a good idea to make a trade. Meanwhile, here are a couple of very simple examples of how you might go about making these decisions.
Example 1:
EUR/USD (Euro is the base currency and thus the "basis" for the buy/sell.)
You expect the U.S. economy will continue to weaken, and that the Euro will appreciate against the U.S. dollar, so you decide to execute a Buy EUR/USD order. If you expect the opposite to happen, you would, logically, decide to execute a Sell EUR/USD order.
Example 2:
USD/JPY (USD is the base currency and thus the "basis" for the buy/sell.)
Because you have been watching the world economic news, you believe that the Japanese Yen is going to weaken (depreciate) against the U.S. dollar. Therefore, you decide to buy the USD/JPY pair in the expectation that the U.S. dollar will appreciate against the Yen. But if you see a different scenario in which you believe the Yen will strengthen against the dollar, you would, logically, decide to sell the pair.
IMPORTANT NOTE: Good Forex brokers simplify all of this and make your trading as streamlined as possible with user-friendly trading platforms.
วันจันทร์ที่ 31 สิงหาคม พ.ศ. 2552
Fear & arrogance in Forex trading by Lance Owen
All the forex market trading knowledge in the world is not enough to help, unless you have the balls to buy and sell currencies and put your own money at risk. As with the lottery "You gotta be in it to win it". Trust me when I say that the simple task of hitting the buy or sell key is difficult to do when your own money is at risk.
You will feel anxious, even fear. Here we have the moment of truth. Do you have the courage not to be afraid and act anyway? Unless you can conquer or accept your fear and do it anyway, you will have a hard time being a successful trader.
Once you learn to overcome your fear, and it does get easier, the inverse reaction can become an issue - you become overconfident and not focused. Start by accessing yourself. What type of person are you? Are you the type that can control their emotions even under extreme stressful conditions? Or, are you the type of person who is overconfident,cocky or arrogant? Then you will be prone to take more risks than you should. Before your first real trade you need to look inside yourself and get the answers. We can correct any inadequacies before they result in paralysis (FEAR) or a huge loss (ARROGANT). A huge loss can end your trading career instantly, or prolong your success until you can raise additional capital.
Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for the trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.
The difficulty doesn't end with "pulling the trigger". In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement. Please refer to Success or Failure
For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.
The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like "what if news comes out and you wind up with a loss". The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).
So your fear is just a baseless annoyance. Don't try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld "Live in the now man". Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards - this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains - so why close it?
If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you're a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.
Many new traders believe all you need to do to trade profitably in the foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.
To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge without taking any shortcuts, thereby assuring a solid foundation to build upon.
For more info try http://www.greatforexspot.com
You will feel anxious, even fear. Here we have the moment of truth. Do you have the courage not to be afraid and act anyway? Unless you can conquer or accept your fear and do it anyway, you will have a hard time being a successful trader.
Once you learn to overcome your fear, and it does get easier, the inverse reaction can become an issue - you become overconfident and not focused. Start by accessing yourself. What type of person are you? Are you the type that can control their emotions even under extreme stressful conditions? Or, are you the type of person who is overconfident,cocky or arrogant? Then you will be prone to take more risks than you should. Before your first real trade you need to look inside yourself and get the answers. We can correct any inadequacies before they result in paralysis (FEAR) or a huge loss (ARROGANT). A huge loss can end your trading career instantly, or prolong your success until you can raise additional capital.
Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for the trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.
The difficulty doesn't end with "pulling the trigger". In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement. Please refer to Success or Failure
For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.
The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like "what if news comes out and you wind up with a loss". The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).
So your fear is just a baseless annoyance. Don't try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld "Live in the now man". Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards - this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains - so why close it?
If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you're a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.
Many new traders believe all you need to do to trade profitably in the foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.
To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge without taking any shortcuts, thereby assuring a solid foundation to build upon.
For more info try http://www.greatforexspot.com
Forex - What are PIPs? by Robert D McKinley
Profit and loss in Foreign Exchange Trading (Forex) is measured in a unit of currency measure called a PIP. So it is important that you know what PIPs are and how to use them as a Forex trader. So take a look and learn.
I gave a brief description of PIPS in How Forex Works. Now, I'll go into more detail about what they are and how they are used in Foreign Exchange Trading (Forex).
Pip Basics
A Pip is the smallest increment in any currency pair rate. Since a pip is the smallest increment in a rate quote, it is represented at the last digit to the right of the decimal point. For example, in the currency rate EUR/USD = 1.3904 the last digit on the right is what you will use to calculate pips. If the currency rate has only two decimal places like the USD/JPY pair (USD/JPY = 119.56) the last decimal place is still a Pip.
Pips are used to calculate profit and loss in FOREX transactions. For example, if you buy when the rate is EUR/USD = 1.3901 and sell when the rate is 1.3906, you earned 5 pips on the trade. (1.3906 - 1.3901 = .0005 or 5 pips)
How to Calculate Pip Values (If you really want to.)
The math in this part gets just a little tiresome but there is good news: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically. Still, I provide the formula here in case you just want to know how to do it.
So just how much in dollars is the movement of one or more pips worth-for example, per 10,000 Euros in EURUSD? How much is one pip worth per 10,000 Dollars in USDJPY? To demonstrate, we will refer to 10,000 units of the base currency, as the "Notional Amount."
The formula for calculating a pip value is:
One pip, (with proper decimal placement)/currency exchange rate) x Notional Amount
Example with USDJPY: (.01/130.46) x USD10,000 = $0.77 or 77 cents per pip
Example with EURUSD: (.0001/.8942) x EUR10,000 = EUR 1.1183
Now, in the EUR/USD example, we want the pip value in USD, so we must multiply EUR1.1183 x (EURUSD exchange rate): EUR 1.1183 x .8942 = $1.00
This is a phenomenon you will see with any currency where the currency is quoted first (such as EUR/USD, GBP/USP, or AUD/USD): the pip value is always $1.00 per 10,000 currency units. This is why pip (or "tick") values in currency futures, where the currency is quoted first, are always fixed.
Approximate pip values for the major currencies are as follows:
(per 10,000 units of the base currency)
USD/JPY: 1 pip = $.77. A change from 130.45 to 130.46 (1 pip) is worth about $.77 per $10,000.
EUR/USD: 1 pip = $1.00 (.8941 to .8942 is worth $1.00 per 10,000 Euros.)
GBP/USD: 1 pip = $1.00 (1.4765 to 1.4766 is worth $1.00 per 10,000 Pounds.)
USD/CHF: 1 pip = $.59 (1.6855 to 1.6866 is worth $.59 per $10,000.)
At this point, you may be thinking that 1 pip multiplied by 10,000 units of a currency doesn't add up to much money and that you will need a lot of capital to become a viable trader! Not to worry: Take a look at Forex Math to learn how leverage and margin accounts make trading in Forex work for just about everyone.
Remember: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically.
I gave a brief description of PIPS in How Forex Works. Now, I'll go into more detail about what they are and how they are used in Foreign Exchange Trading (Forex).
Pip Basics
A Pip is the smallest increment in any currency pair rate. Since a pip is the smallest increment in a rate quote, it is represented at the last digit to the right of the decimal point. For example, in the currency rate EUR/USD = 1.3904 the last digit on the right is what you will use to calculate pips. If the currency rate has only two decimal places like the USD/JPY pair (USD/JPY = 119.56) the last decimal place is still a Pip.
Pips are used to calculate profit and loss in FOREX transactions. For example, if you buy when the rate is EUR/USD = 1.3901 and sell when the rate is 1.3906, you earned 5 pips on the trade. (1.3906 - 1.3901 = .0005 or 5 pips)
How to Calculate Pip Values (If you really want to.)
The math in this part gets just a little tiresome but there is good news: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically. Still, I provide the formula here in case you just want to know how to do it.
So just how much in dollars is the movement of one or more pips worth-for example, per 10,000 Euros in EURUSD? How much is one pip worth per 10,000 Dollars in USDJPY? To demonstrate, we will refer to 10,000 units of the base currency, as the "Notional Amount."
The formula for calculating a pip value is:
One pip, (with proper decimal placement)/currency exchange rate) x Notional Amount
Example with USDJPY: (.01/130.46) x USD10,000 = $0.77 or 77 cents per pip
Example with EURUSD: (.0001/.8942) x EUR10,000 = EUR 1.1183
Now, in the EUR/USD example, we want the pip value in USD, so we must multiply EUR1.1183 x (EURUSD exchange rate): EUR 1.1183 x .8942 = $1.00
This is a phenomenon you will see with any currency where the currency is quoted first (such as EUR/USD, GBP/USP, or AUD/USD): the pip value is always $1.00 per 10,000 currency units. This is why pip (or "tick") values in currency futures, where the currency is quoted first, are always fixed.
Approximate pip values for the major currencies are as follows:
(per 10,000 units of the base currency)
USD/JPY: 1 pip = $.77. A change from 130.45 to 130.46 (1 pip) is worth about $.77 per $10,000.
EUR/USD: 1 pip = $1.00 (.8941 to .8942 is worth $1.00 per 10,000 Euros.)
GBP/USD: 1 pip = $1.00 (1.4765 to 1.4766 is worth $1.00 per 10,000 Pounds.)
USD/CHF: 1 pip = $.59 (1.6855 to 1.6866 is worth $.59 per $10,000.)
At this point, you may be thinking that 1 pip multiplied by 10,000 units of a currency doesn't add up to much money and that you will need a lot of capital to become a viable trader! Not to worry: Take a look at Forex Math to learn how leverage and margin accounts make trading in Forex work for just about everyone.
Remember: You really don't need to do these calculations yourself because most FOREX brokers do it for you, automatically.
วันเสาร์ที่ 29 สิงหาคม พ.ศ. 2552
3 Mistakes That Will Guarantee You Won't Succeed in Forex Trading by Martin Miller
There are three major mistakes too many newbies make as they dip their toes in the wild waters of foreign currency trading. Make these blunders and you'll blow your chances of forex success.
1. DON'T miss the step of trading on a demo account before using real money. Reputable forex brokers have the technology that allows you to open a demo account and operate it exactly as you would a real trading account. You'll find out how to place your orders, how to follow what's going on with your trades, when to get in and out of positions, etc.
Every forex trader wins some and loses some. But in your demo account you won't mind losing "demo" cash as it won't hurt your bank account.
It can be difficult for newbies to believe it's OK to lose some of their trades, but it is. Don't believe anybody that tells you they never lose, because they are lying. The key is just to accept that, and your long term goal is to win more than you lose.
So DO practice with a demo account before trading for real.
2. DON'T rely exclusively on a robot to do your forex thinking for you. Forex trading robots can let you trade even when you can't be at your computer, and that makes them a great tool.
But there are good robots and not-so-good robots. Some will work well for you and others won't. A robot is just software, and sometimes it will come up with bad answers. If you can't recognize that, your trading will suffer. You need to know when the robot you are using is coming up with the right trading signals, and you'll only do that when you have educated yourself about forex.
So DON'T let the robots do all your thinking before you know the basics of trading. DO use a robot as part of your trading business after you have gained some education and experience. Here's some information about a robot that really does work.
3. DON'T trade on emotion. Lots of unexpected things can affect currency prices, and sometimes quite dramatically. You'll often see big spikes or drops right after a major world event, for example, such as an earthquake or other natural disaster, major political upheaval or even the sudden illness of a world leader.
It's easy to panic when these things happen and sell prematurely. At the same time, it's easy to be euphoric over great economic news and start buying inappropriately. Emotion-based forex trading is the way of disaster. Don't do it.
Making good use of technical analysis and trading charts is one way to guard against this. The charts don't lie.
So DON'T trade on emotions or hunches. DO set your trading strategy and stick with it, regardless of world events or runs of "luck".
These principles may seem self-evident, but you'd be surprised at how many novice (and even not-so-new) traders fall into these trips, to their cost. Don't you be one of them.
1. DON'T miss the step of trading on a demo account before using real money. Reputable forex brokers have the technology that allows you to open a demo account and operate it exactly as you would a real trading account. You'll find out how to place your orders, how to follow what's going on with your trades, when to get in and out of positions, etc.
Every forex trader wins some and loses some. But in your demo account you won't mind losing "demo" cash as it won't hurt your bank account.
It can be difficult for newbies to believe it's OK to lose some of their trades, but it is. Don't believe anybody that tells you they never lose, because they are lying. The key is just to accept that, and your long term goal is to win more than you lose.
So DO practice with a demo account before trading for real.
2. DON'T rely exclusively on a robot to do your forex thinking for you. Forex trading robots can let you trade even when you can't be at your computer, and that makes them a great tool.
But there are good robots and not-so-good robots. Some will work well for you and others won't. A robot is just software, and sometimes it will come up with bad answers. If you can't recognize that, your trading will suffer. You need to know when the robot you are using is coming up with the right trading signals, and you'll only do that when you have educated yourself about forex.
So DON'T let the robots do all your thinking before you know the basics of trading. DO use a robot as part of your trading business after you have gained some education and experience. Here's some information about a robot that really does work.
3. DON'T trade on emotion. Lots of unexpected things can affect currency prices, and sometimes quite dramatically. You'll often see big spikes or drops right after a major world event, for example, such as an earthquake or other natural disaster, major political upheaval or even the sudden illness of a world leader.
It's easy to panic when these things happen and sell prematurely. At the same time, it's easy to be euphoric over great economic news and start buying inappropriately. Emotion-based forex trading is the way of disaster. Don't do it.
Making good use of technical analysis and trading charts is one way to guard against this. The charts don't lie.
So DON'T trade on emotions or hunches. DO set your trading strategy and stick with it, regardless of world events or runs of "luck".
These principles may seem self-evident, but you'd be surprised at how many novice (and even not-so-new) traders fall into these trips, to their cost. Don't you be one of them.
95 porciento de los traders en el mercado forex fracasan... by Javier Weath
95% de los traders en el mercado forex fracasan...
Es común la aparición de cientos de personas operando en los mercados financieros, 1.- por la globalización. 2.- Por el Internet, 3.- La apertura de mercados, condiciones y competitividad de estos mismos.
Pero lo cierto es que hoy, están fracasando más del 90% de los traders, que están entrando en forex, perdiendo sumas importantes, o incluso cuentas en los mercados financieros. Si usted, no sabe mucho de forex, primero aprenda, practique, y luego de un mínimo de 3 a 6 meses, recién entre con cuentas reales.
Recientemente salió una versión para aprender forex, de manera fácil, real y simple..... http://www.rapidforexstrategies.com
El mercado de divisas (conocido como Forex) es el mercado financiero de mayor tamaño y liquidez, con un volumen diario de transacciones de $3.2 billones (lo que nosotros conocemos como billón o un millón de millones en inglés se denomina trillón), es decir, más que los principales mercados accionarios juntos. El Mercado de divisas consiste en la compra de la moneda de un determinado país y la venta simultánea de la divisa de otro país. El 80% de las transacciones se llevan a cabo entre el dólar estadounidense, el euro, el yen, la libra esterlina, el franco suizo y los dólares australianos, canadiense, y de nueva Zelandia.
A diferencia de otros mercados financieros el mercado Forex no tiene una localización física ni una bolsa que centralice las operaciones. Éstas se llevan a cabo en el mercado interbancario las 24 horas del día a través de una red electrónica que conecta a individuos, corporaciones y bancos a través de las diferentes zonas horarias desde Sídney hasta Nueva York.
Ventajas del Mercado Forex Respecto del Mercado de Futuros
Liquidez
El mercado cambiario es el peso pesado de los mercados con un volumen de transacción de $3.2 billones, comparado con $30 millardos que se transan en el mercado de futuros. Por esta razón, las ordenes de límite se ejecutan a niveles precisos y sin necesidad de solicitar nuevas cotizaciones. Si deseas aprender mas y mejorar tus estrategias:
http://www.rapidforexstrategies.com
Atte. Javier Weath R.
Es común la aparición de cientos de personas operando en los mercados financieros, 1.- por la globalización. 2.- Por el Internet, 3.- La apertura de mercados, condiciones y competitividad de estos mismos.
Pero lo cierto es que hoy, están fracasando más del 90% de los traders, que están entrando en forex, perdiendo sumas importantes, o incluso cuentas en los mercados financieros. Si usted, no sabe mucho de forex, primero aprenda, practique, y luego de un mínimo de 3 a 6 meses, recién entre con cuentas reales.
Recientemente salió una versión para aprender forex, de manera fácil, real y simple..... http://www.rapidforexstrategies.com
El mercado de divisas (conocido como Forex) es el mercado financiero de mayor tamaño y liquidez, con un volumen diario de transacciones de $3.2 billones (lo que nosotros conocemos como billón o un millón de millones en inglés se denomina trillón), es decir, más que los principales mercados accionarios juntos. El Mercado de divisas consiste en la compra de la moneda de un determinado país y la venta simultánea de la divisa de otro país. El 80% de las transacciones se llevan a cabo entre el dólar estadounidense, el euro, el yen, la libra esterlina, el franco suizo y los dólares australianos, canadiense, y de nueva Zelandia.
A diferencia de otros mercados financieros el mercado Forex no tiene una localización física ni una bolsa que centralice las operaciones. Éstas se llevan a cabo en el mercado interbancario las 24 horas del día a través de una red electrónica que conecta a individuos, corporaciones y bancos a través de las diferentes zonas horarias desde Sídney hasta Nueva York.
Ventajas del Mercado Forex Respecto del Mercado de Futuros
Liquidez
El mercado cambiario es el peso pesado de los mercados con un volumen de transacción de $3.2 billones, comparado con $30 millardos que se transan en el mercado de futuros. Por esta razón, las ordenes de límite se ejecutan a niveles precisos y sin necesidad de solicitar nuevas cotizaciones. Si deseas aprender mas y mejorar tus estrategias:
http://www.rapidforexstrategies.com
Atte. Javier Weath R.
Forex Trading by Peter Kent
If you have seen the news within the last year, you would have noticed that the stock markets, and many other markets, have been all over the place. Up some days, but mostly down for the majority of the year. This is a daily occurrence. These markets move up and down all the time, and to the untrained eye it may look very confusing. Through our extensive studies, we have learned that these market moves are actually very precise and have patterns to them. Their movements can be predicted through a variety of mathematical equations. Prior to the internet, we had to make many of these calculations by hand every day. We used the strategy within a variety of markets, but once computer systems become available this made a considerable difference.
What was required was a team consisting of a variety of specialists, computer geniuses, programmes and mathematicians. They had to create a complex formular to provide the best automated trading platform on the market.
This team then has to stay in contact everyday when the markets are trading in order to make money no matter which way the market turns. If there are major changes in what is taking place in the world, the team must be there, programming the system to react to these new changes.
if you are not comfortable with technology then the programme should be very simple to follow. It should contain instructional videos to guide you through a step by step process.
We have studied the market and have focussed on what we believe is the foremost automated programme available. Purchase the IvyBot and join their team. You can all make money together!
http://289e0dly8mnqfm661xd92k8x8b.hop.clickbank.net/
What was required was a team consisting of a variety of specialists, computer geniuses, programmes and mathematicians. They had to create a complex formular to provide the best automated trading platform on the market.
This team then has to stay in contact everyday when the markets are trading in order to make money no matter which way the market turns. If there are major changes in what is taking place in the world, the team must be there, programming the system to react to these new changes.
if you are not comfortable with technology then the programme should be very simple to follow. It should contain instructional videos to guide you through a step by step process.
We have studied the market and have focussed on what we believe is the foremost automated programme available. Purchase the IvyBot and join their team. You can all make money together!
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Forex Day Trading: Largest Market, Not As Well Known by Jimmy Simpson
Exchange was once one of the secrets stored in the financial world is better. What should have been aware of the largest financial market in the world, but came under the radar of most people who loved the exclusive domain of large banks, companies and other financial institutions left, apparently n 'to share your information with the world. Investors of all levels are eager for new markets, their teeth in the sink, and Forex (FX) is preparing for his research.
FX does not trade stocks, futures and options, but it is the largest market, currencies through the trade. Has Unlike the stock market and other financial markets, but FX with a board or committee that governs their actions and no arbitration if we felt cheated by another operator. Members to solve things for themselves and not by word of mouth and the type of credit, if you know that you will rely on trade with another day to do it be for each member with honesty and impartiality. Self-regulation is the key to controlling the forex market.
Forex day trading can be managed almost like a holiday for the operator other financial products in other markets. There are fewer places to treat not only means less restrictive rules and regulations to ensure their operation as well. For example, in the world of Forex, there is no such thing as insider trading - if you know something to enjoy, whether harmful or beneficial to the euro exchange rate, then use this information as desired. If you appropriate information, and it was found that the activity would lead him into hot water, to put it mildly. But day Forex trading is not a simple walk in the park, even without the highest standards in force. Forex trading nearly two trillion U.S. dollars a day from Sunday evening until Friday afternoon. Is twelve billion dollars a week, six hundred and twenty-four billion dollars per year.
Prior to the issuance of an idea of the day, currency traders to walk into a building with wheelbarrows full of mulch up money for the exchange, trading or selling, you need to understand certain things. The FX market sells technically "nothing". The transactions are made with the computer and is best described as "speculation." The market exchange one currency for another, for whatever reason that might be necessary, such as payroll accounting in a multinational company. Another thing you should know, especially when you look at day-trading Forex as a means of diversifying your portfolio is that trade currencies always in pairs and insiders refer to such long and short. Time refers to that which is short and what you want and once you have completed the assignment, can be specified in reverse order.
FX does not trade stocks, futures and options, but it is the largest market, currencies through the trade. Has Unlike the stock market and other financial markets, but FX with a board or committee that governs their actions and no arbitration if we felt cheated by another operator. Members to solve things for themselves and not by word of mouth and the type of credit, if you know that you will rely on trade with another day to do it be for each member with honesty and impartiality. Self-regulation is the key to controlling the forex market.
Forex day trading can be managed almost like a holiday for the operator other financial products in other markets. There are fewer places to treat not only means less restrictive rules and regulations to ensure their operation as well. For example, in the world of Forex, there is no such thing as insider trading - if you know something to enjoy, whether harmful or beneficial to the euro exchange rate, then use this information as desired. If you appropriate information, and it was found that the activity would lead him into hot water, to put it mildly. But day Forex trading is not a simple walk in the park, even without the highest standards in force. Forex trading nearly two trillion U.S. dollars a day from Sunday evening until Friday afternoon. Is twelve billion dollars a week, six hundred and twenty-four billion dollars per year.
Prior to the issuance of an idea of the day, currency traders to walk into a building with wheelbarrows full of mulch up money for the exchange, trading or selling, you need to understand certain things. The FX market sells technically "nothing". The transactions are made with the computer and is best described as "speculation." The market exchange one currency for another, for whatever reason that might be necessary, such as payroll accounting in a multinational company. Another thing you should know, especially when you look at day-trading Forex as a means of diversifying your portfolio is that trade currencies always in pairs and insiders refer to such long and short. Time refers to that which is short and what you want and once you have completed the assignment, can be specified in reverse order.
วันพุธที่ 26 สิงหาคม พ.ศ. 2552
Our Forex Robot Is NOT Illegal-Live Proof! by Kendra Turner
Our Forex Robot Is NOT Illegal-Live Proof!
3 Tech Geeks Swear Under Oath:
Our Forex Robot Is NOT Illegal watch video here
Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month...
Our Forex robot can be traded with ANY account size....BIG or SMALL! We wanted to show everyone that unlike many scam-only-working-on-paper Forex robots out there, FAP Turbo is REAL Now...let's get to the most important part of all of this...to the reason why FAP Turbo is #1 and will be undefeated for a VERY long time.
I want your full attention here...I mean it, this is KEY:
Understanding the following will show you why FAP Turbo is the real deal...why it's a golden opportunity for the smart ones... Do you remember I told you at the beginning of the letter that back-test results are worthless? Well, THEY ARE!
So, why am I about to show you back-test results of FAP Turbo? Well...and this is the best lesson you will ever learn in Forex robot trading: Back-test Results Are Worthless UNLESS You Can Validate Them With Live Forward Trading!
But what's MORE impressive is that the LIVE trading results are even BETTER than the back-test results! In the back-test the robot averaged about 48% profits per month (5,000% divided by 102 months which is 9 years)... In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that... The loop is closed...
The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing! It simple can't get better than this! watch live video here
3 Tech Geeks Swear Under Oath:
Our Forex Robot Is NOT Illegal watch video here
Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month...
Our Forex robot can be traded with ANY account size....BIG or SMALL! We wanted to show everyone that unlike many scam-only-working-on-paper Forex robots out there, FAP Turbo is REAL Now...let's get to the most important part of all of this...to the reason why FAP Turbo is #1 and will be undefeated for a VERY long time.
I want your full attention here...I mean it, this is KEY:
Understanding the following will show you why FAP Turbo is the real deal...why it's a golden opportunity for the smart ones... Do you remember I told you at the beginning of the letter that back-test results are worthless? Well, THEY ARE!
So, why am I about to show you back-test results of FAP Turbo? Well...and this is the best lesson you will ever learn in Forex robot trading: Back-test Results Are Worthless UNLESS You Can Validate Them With Live Forward Trading!
But what's MORE impressive is that the LIVE trading results are even BETTER than the back-test results! In the back-test the robot averaged about 48% profits per month (5,000% divided by 102 months which is 9 years)... In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that... The loop is closed...
The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing! It simple can't get better than this! watch live video here
Foreign exchange market is different from the stock market by Sutikno Slamet
The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.
The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The
What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.
The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.
The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.
The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.
More info : http://www.sutiknoslamet.us
The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The
What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.
The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.
The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.
The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.
More info : http://www.sutiknoslamet.us
The World Wide Forex Market by Sutikno Slamet
Forex is a trading 'method' also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basics of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.
Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.
The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.
The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.
The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.
Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.
More info : http://www.sutiknoslamet.us
Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.
The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.
The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.
The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.
Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.
More info : http://www.sutiknoslamet.us
วันจันทร์ที่ 24 สิงหาคม พ.ศ. 2552
Forex Trading Training - All You Need to Know About by Kelly Wiggins
Due to the possibility of high profits in forex trading, more and more people are getting attracted towards forex trading. Many people are ending up in the middle of no where entering Forex trading just because they do not have proper knowledge and are not trained to be a Forex trader. Forex trading market is a ground of high competition and you cannot expect anything less then the best from anyone inside, so good forex trading training is necessary before being a part of this 24 hours open and changing market. Even after you are trained, you will be facing several risks in the forex market, but being trained means knowing the coming problem before it hits you. In short it can be said that without proper forex trading training a beginner won't be able to survive.
While getting trained for Forex trading you will be emphasizing on three things, learning totally different terminologies, secondly, concepts and then processes that make up the market. Learning these things will help boost the confidence level. Forex market is changing 24/7 that makes it very essential for a beginner to get Forex trading training and not allow any risks making him sink in no time. The training sharpens the trading skills and furnishes the beginner to suit the environment since the market is not what it looks like; the training teaches the insights and the true Forex trade.
While on Forex trade training the individuals gets more accuracy and perfection in making the exchanges on the correct time avoiding any losses and gets the profits small or big. You will be able to chart, analyze and decide more quickly and accurately in making the decisions that will show your fate in the market. Forex trading and its training also highly depends on one's abilities. The trader's success is vastly dependent on his ability to control the order flows.
Rollovers, bids, margins and type of orders are a few vital things that can be gained control over via Forex trading training. And after learning these things it pretty much sums up the entire Forex market. Discipline, commitment and patience are things that will test your limits, Forex trade trainings strongly emphasize on these things as well and make you have a good control over them, and they can be summed up as trading psychology.
Training for Forex trading can be found online, at various institutes, through books, or by attending live seminars as well. Now it is up to you which way to go with, either get sunk or sink others and win!
While getting trained for Forex trading you will be emphasizing on three things, learning totally different terminologies, secondly, concepts and then processes that make up the market. Learning these things will help boost the confidence level. Forex market is changing 24/7 that makes it very essential for a beginner to get Forex trading training and not allow any risks making him sink in no time. The training sharpens the trading skills and furnishes the beginner to suit the environment since the market is not what it looks like; the training teaches the insights and the true Forex trade.
While on Forex trade training the individuals gets more accuracy and perfection in making the exchanges on the correct time avoiding any losses and gets the profits small or big. You will be able to chart, analyze and decide more quickly and accurately in making the decisions that will show your fate in the market. Forex trading and its training also highly depends on one's abilities. The trader's success is vastly dependent on his ability to control the order flows.
Rollovers, bids, margins and type of orders are a few vital things that can be gained control over via Forex trading training. And after learning these things it pretty much sums up the entire Forex market. Discipline, commitment and patience are things that will test your limits, Forex trade trainings strongly emphasize on these things as well and make you have a good control over them, and they can be summed up as trading psychology.
Training for Forex trading can be found online, at various institutes, through books, or by attending live seminars as well. Now it is up to you which way to go with, either get sunk or sink others and win!
How to Trade Stocks, Forex and Emini Futures by Shahbaz Baig
Trading is usually simple but most of the people make it a very complex game. It depends how you approach it whether for quick riches or stable income every month. Trading wants you to have a positive and a neutral mind. Successful traders follow rules all the time and earn their living trading just two hours a day. Many failed traders already develop their mind of particular direction. Neutrality itself requires that there is no direction of the market. Whenever there is a setup formed according to the given rules, one should act quickly without any confusion and hesitation. What actually happens that failed traders hesitate at the time of signal but execute trade as per their emotions. Here comes the discipline.
Successful trading in futures, emini, stocks, options, forex or any market requires sound strategies and discipline. Discipline has more weight than strategies. Learning the great and profitable strategies will not make you successful unless you have conviction to follow rules religiously. A good strategy can be applied to stock trading, currency trading and emini futures because rules are universal. Technical analysis and price action cover every market. There are some analysts in the market who teach that rules apply to one market only and at particular time. Objective analysis covers every market exhibiting number of opportunities in a week for daytrading as well as swing trading. If you have discipline to limit your risk effectively you can do daytrading or swing trading in any trading instrument. It means if you learn rules of trading you have great exposure to trading in every time frame whether it is emini, dow futures, S&P 500, commodity trading, futures trading, options and stocks. Stock trading itself presents multiple opportunities because there are hundreds of stocks in stock market. Another considerable market is a currency market with great volatility. Currency trading usually called forex trading offers huge potential of income if you are equipped with best risk management strategy. Many large brokers are now offering currency trading requiring very low margin. The important point is how you discipline yourself and control your emotions.
Nobody can deny the importance of stop-loss. People who are afraid of taking small loss incur a big loss and are usually wiped out in just few days. Discipline of taking loss will keep you in the trading game forever if you have profitable strategy. Nobody in this world can win every trade. Some traders are very disappointed after taking loss. They lose control and trade immediately in the hope that they will recover loss quickly. It's a huge blunder. You should come back with fresh mind after spending considerable time away from your computer after making a losing trade.
Many new traders try to trade live immediately after they have learned how to trade and it is a huge mistake because they are playing with their real money. Paper trading with discipline could give substantial amount of confidence over a period of few months. What differentiates successful traders from irresponsible traders is quick decision at right time.
Successful trading in futures, emini, stocks, options, forex or any market requires sound strategies and discipline. Discipline has more weight than strategies. Learning the great and profitable strategies will not make you successful unless you have conviction to follow rules religiously. A good strategy can be applied to stock trading, currency trading and emini futures because rules are universal. Technical analysis and price action cover every market. There are some analysts in the market who teach that rules apply to one market only and at particular time. Objective analysis covers every market exhibiting number of opportunities in a week for daytrading as well as swing trading. If you have discipline to limit your risk effectively you can do daytrading or swing trading in any trading instrument. It means if you learn rules of trading you have great exposure to trading in every time frame whether it is emini, dow futures, S&P 500, commodity trading, futures trading, options and stocks. Stock trading itself presents multiple opportunities because there are hundreds of stocks in stock market. Another considerable market is a currency market with great volatility. Currency trading usually called forex trading offers huge potential of income if you are equipped with best risk management strategy. Many large brokers are now offering currency trading requiring very low margin. The important point is how you discipline yourself and control your emotions.
Nobody can deny the importance of stop-loss. People who are afraid of taking small loss incur a big loss and are usually wiped out in just few days. Discipline of taking loss will keep you in the trading game forever if you have profitable strategy. Nobody in this world can win every trade. Some traders are very disappointed after taking loss. They lose control and trade immediately in the hope that they will recover loss quickly. It's a huge blunder. You should come back with fresh mind after spending considerable time away from your computer after making a losing trade.
Many new traders try to trade live immediately after they have learned how to trade and it is a huge mistake because they are playing with their real money. Paper trading with discipline could give substantial amount of confidence over a period of few months. What differentiates successful traders from irresponsible traders is quick decision at right time.
How A Novice Trader Makes Regular Money from Spread Betting the Forex by Ray Barnett
Although many of the claims about making money from Spread Betting on the Forex are exaggerated, I can assure you that it is possible to make an easy regular weekly profit from this type of trading the Forex BUT in order to do so you must have the following five elements in place (obviously assuming you have a computer and broadband connection).
1 IT IS ESSENTIAL THAT YOU HAVE THE RIGHT INFORMATION. Whether you do it yourself or get it from an expert unless it is correct at least 75% of the time you will not make money!
2 YOU MUST HAVE THE INFORMATION AT THE RIGHT TIME. Knowing/predicting which way the market is likely to move is important but to be really successful you need to have that information at a time when you can take advantage of it!
3 SOME AVAILABLE CASH - MINIMUM OF £200. Not that you need that amount of cash to begin spread betting on the Forex but at the beginning you may need a bank large enough to cover the occasional loss until your bank has grown.
4 TIME TO BE AT THE COMPUTER WHEN THE TRADING IS TAKING PLACE. Although the market is world wide and basically trades 24/7 Monday/Friday there are times for trading which are better than others. These times will vary depending on your time zone and need to be established before you start trading.
5 THE RIGHT ATTITUDE AND A REASONABLE ABILITY WITH FIGURES. Being positive and having a reasonable ability with figures is a definite plus as it will enable you to make decisions in enough time to take advantage of the normal market movement.
As spread betting involves betting on the rise or fall of one currency against another how do you decide which way a particular pair of currencies is going to move at any one given time?
Well, there are basically two ways.
You can either do your own research, or use the services of an expert.
Doing it your self, whilst it will appeal to some people, has the drawback of being time consuming and in certain situations confusing. Whereas paying someone else for their opinion is considerably faster and easier but finding the right expert may take a little time and effort.
I was lucky that a friend of mine had already found the right expert and very quickly I was making consistent weekly profits from just a couple of hours sat at the computer each day.
It really was as simple as that.
So if you are looking for an easy way to make regular extra money from the comfort of your own home and at times to suit you then finally there is a way for you to make a profit from trading the Forex Markets using accurate and affordable information. Ray Barnett invites you to visit http://4excash.info or visit his Forex Trading Diary at http://4excash.blogspot.com
1 IT IS ESSENTIAL THAT YOU HAVE THE RIGHT INFORMATION. Whether you do it yourself or get it from an expert unless it is correct at least 75% of the time you will not make money!
2 YOU MUST HAVE THE INFORMATION AT THE RIGHT TIME. Knowing/predicting which way the market is likely to move is important but to be really successful you need to have that information at a time when you can take advantage of it!
3 SOME AVAILABLE CASH - MINIMUM OF £200. Not that you need that amount of cash to begin spread betting on the Forex but at the beginning you may need a bank large enough to cover the occasional loss until your bank has grown.
4 TIME TO BE AT THE COMPUTER WHEN THE TRADING IS TAKING PLACE. Although the market is world wide and basically trades 24/7 Monday/Friday there are times for trading which are better than others. These times will vary depending on your time zone and need to be established before you start trading.
5 THE RIGHT ATTITUDE AND A REASONABLE ABILITY WITH FIGURES. Being positive and having a reasonable ability with figures is a definite plus as it will enable you to make decisions in enough time to take advantage of the normal market movement.
As spread betting involves betting on the rise or fall of one currency against another how do you decide which way a particular pair of currencies is going to move at any one given time?
Well, there are basically two ways.
You can either do your own research, or use the services of an expert.
Doing it your self, whilst it will appeal to some people, has the drawback of being time consuming and in certain situations confusing. Whereas paying someone else for their opinion is considerably faster and easier but finding the right expert may take a little time and effort.
I was lucky that a friend of mine had already found the right expert and very quickly I was making consistent weekly profits from just a couple of hours sat at the computer each day.
It really was as simple as that.
So if you are looking for an easy way to make regular extra money from the comfort of your own home and at times to suit you then finally there is a way for you to make a profit from trading the Forex Markets using accurate and affordable information. Ray Barnett invites you to visit http://4excash.info or visit his Forex Trading Diary at http://4excash.blogspot.com
IvyBot - Internet Forex Trading Advice by Mad Marketer
If you're actively trading in the New York Stock Exchange, one of the most active exchanges in the world, you should be extremely grateful. Its total daily transactions are averaging approximately at U.S. $50 bn., making it the largest stock exchange in the U. S. vis dollar volume. There are many individuals who need to get their feet wet on the ground of this NY City-based stock exchange.
Yet, you are luckier if you're actively concerned in trading foreign currencies with IvyBot, or ordinarily known as forex trading, which is thought to be the largest market on the globe. Its average daily trading turnover is approximately U.S. $2 trillion, surpassing the combined magnitude of all of the equity markets, including the Long Island Stock Exchange. Thus, you are luckier since you have the opportunity of getting more profits out of that $2 trillion traded everyday .
If you are not yet concerned in foreign exchange trading, then you're now missing the advantages of trading foreign currencies 24 hour trading time, transactions conducted in real time, extreme liquidity, and others. Therefore, you need to decide to get a forex foreign exchange trading account and start trading immediately.
However, just like other sorts of investment, you have to be aware of what kind of ground you are stepping into. In other words, before getting a live currency trading account for IvyBot, you must be correctly educated first about the background of forex trading. You have to find out how you will maximize your earning potentials as well as decrease the chance that you are into thru practicing with free demo accounts. Likewise, you must have a trading method to follow and the obligatory tools which will help you analyze varying conditions of the currency market to station yourself on the profiting facet of a certain trade.
Once you know what you are getting into, you are now prepared to get your live foreign exchange trading account, internet-based trading program and platform, and other tools that you'll need in your forex trading career. Most neophyte foreign exchange traders obtain their trading accounts and platforms thru a foreign exchange brokerage company or agents. There are many brokerage firms out there and you need to be fussy, or else you will suffer the inauspicious results.
If you're still uncertain which forex trading company you may trust to trade with IvyBot in the early start of your foreign exchange trading career, why do not you try ACM Forex? They probably got what you need and at the same time the key towards the success of your forex trading career.
ACM forex stands for sophisticated currency markets currency exchange, a Swiss-based online currency trading company that is founded in the city of Geneva, Switzerland in 2002. Since it was founded on that year, ACM is now one of the major currency exchange establishments, especially in online day trading, with a typical monthly trade volume of U.S. $70 bn.. They offer their clientele fast access to the speculative currency market thru online dealing platforms that permits forward and stop trading of 27 pairs of foreign currencies as well as of several dear metals.
Yet, you are luckier if you're actively concerned in trading foreign currencies with IvyBot, or ordinarily known as forex trading, which is thought to be the largest market on the globe. Its average daily trading turnover is approximately U.S. $2 trillion, surpassing the combined magnitude of all of the equity markets, including the Long Island Stock Exchange. Thus, you are luckier since you have the opportunity of getting more profits out of that $2 trillion traded everyday .
If you are not yet concerned in foreign exchange trading, then you're now missing the advantages of trading foreign currencies 24 hour trading time, transactions conducted in real time, extreme liquidity, and others. Therefore, you need to decide to get a forex foreign exchange trading account and start trading immediately.
However, just like other sorts of investment, you have to be aware of what kind of ground you are stepping into. In other words, before getting a live currency trading account for IvyBot, you must be correctly educated first about the background of forex trading. You have to find out how you will maximize your earning potentials as well as decrease the chance that you are into thru practicing with free demo accounts. Likewise, you must have a trading method to follow and the obligatory tools which will help you analyze varying conditions of the currency market to station yourself on the profiting facet of a certain trade.
Once you know what you are getting into, you are now prepared to get your live foreign exchange trading account, internet-based trading program and platform, and other tools that you'll need in your forex trading career. Most neophyte foreign exchange traders obtain their trading accounts and platforms thru a foreign exchange brokerage company or agents. There are many brokerage firms out there and you need to be fussy, or else you will suffer the inauspicious results.
If you're still uncertain which forex trading company you may trust to trade with IvyBot in the early start of your foreign exchange trading career, why do not you try ACM Forex? They probably got what you need and at the same time the key towards the success of your forex trading career.
ACM forex stands for sophisticated currency markets currency exchange, a Swiss-based online currency trading company that is founded in the city of Geneva, Switzerland in 2002. Since it was founded on that year, ACM is now one of the major currency exchange establishments, especially in online day trading, with a typical monthly trade volume of U.S. $70 bn.. They offer their clientele fast access to the speculative currency market thru online dealing platforms that permits forward and stop trading of 27 pairs of foreign currencies as well as of several dear metals.
Trading Forex- Chilean Peso. by Mike P. Kulej
Since the beginning of the financial crisis, many less known currencies have been making headlines. Icelandic Krona became a poster child of the global turmoil, with many analysts claiming it was the proverbial straw that broke the camel's back and pushed financial markets over the edge. Iceland once prominent banking industry was destroyed, together with depositors from many countries.
Most currencies, primarily in emerging economies, but not only, lost as much as 50% of value in relation to the US Dollar. As money was seeking safety, Polish Zloty, Swedish Krona, Brazilian Real and scores of other currencies fell precipitously. Even Australian Dollar and New Zealand Dollar were punished. In the most extreme cases, like Zimbabwe, local currency virtually seized to exist.
Largely overlooked by most analysts and the press was Chilean Peso (CLP). Peso was no exception last summer, following global trends. At the apex of the crisis it lost just above 50% of its value to USD, as measured from the yearly high. This brought an end to a long bull market, which CLP had enjoyed since late 2002.
Fortunes have changed for the Peso since beginning of 2008. While volatility, expressed by daily and weekly price ranges, remains in high historical ranges, CLP has appreciated 20% as compared to a dollar. This is a little more than currencies from other countries deemed as developing, with prospects for the most immediate future also bright.
Peso is not pegged to USD, but its central bank has been following moves of FED, resulting in close resemblance of financial markets performance between the two countries. For starters, in order to stimulate credit markets, benchmark rates have been cut by 7.75% this year. In this respect Chile is a leader among Latin American countries, with the region lowest rates at 0.50% and an all time record level for the country.
While this low rates is a positive sign for the economy, as reflected by recent stock market performance, it could put some pressure on the Peso. Bank dealers have been reporting increase in the demand for dollars as some banks and investors move money to Brazil to benefit from the interest rates differential. The carry trade between CLP and BRL. However, it is not expected to be a major trend because more money is flowing into Chilean equities from abroad.
Main stock indices gained about 25% this year, with the Chile 65 electronic trading benchmark jumping 30%. Being an important producer of raw materials like copper, steel and lithium, Chile stands to benefit even more with any sign of world recovery. This should support CLP, as foreign investors continue to seek above average returns on country stock exchanges. Furthermore, central bank is expected to start raising rates again soon, making any carry trade less appealing.
Chilean Peso is not a mainstream currency. Most Forex brokers don't offer it and it has to be traded through banks. Also, the spreads are elevated, by currency trading standard, making it rather unsuitable for active trading. That said, anybody who likes exotics or seeks exposure to Latin America, should give CLP second look. Longer term it is appealing currency, especially if compared to others in the region.
Most currencies, primarily in emerging economies, but not only, lost as much as 50% of value in relation to the US Dollar. As money was seeking safety, Polish Zloty, Swedish Krona, Brazilian Real and scores of other currencies fell precipitously. Even Australian Dollar and New Zealand Dollar were punished. In the most extreme cases, like Zimbabwe, local currency virtually seized to exist.
Largely overlooked by most analysts and the press was Chilean Peso (CLP). Peso was no exception last summer, following global trends. At the apex of the crisis it lost just above 50% of its value to USD, as measured from the yearly high. This brought an end to a long bull market, which CLP had enjoyed since late 2002.
Fortunes have changed for the Peso since beginning of 2008. While volatility, expressed by daily and weekly price ranges, remains in high historical ranges, CLP has appreciated 20% as compared to a dollar. This is a little more than currencies from other countries deemed as developing, with prospects for the most immediate future also bright.
Peso is not pegged to USD, but its central bank has been following moves of FED, resulting in close resemblance of financial markets performance between the two countries. For starters, in order to stimulate credit markets, benchmark rates have been cut by 7.75% this year. In this respect Chile is a leader among Latin American countries, with the region lowest rates at 0.50% and an all time record level for the country.
While this low rates is a positive sign for the economy, as reflected by recent stock market performance, it could put some pressure on the Peso. Bank dealers have been reporting increase in the demand for dollars as some banks and investors move money to Brazil to benefit from the interest rates differential. The carry trade between CLP and BRL. However, it is not expected to be a major trend because more money is flowing into Chilean equities from abroad.
Main stock indices gained about 25% this year, with the Chile 65 electronic trading benchmark jumping 30%. Being an important producer of raw materials like copper, steel and lithium, Chile stands to benefit even more with any sign of world recovery. This should support CLP, as foreign investors continue to seek above average returns on country stock exchanges. Furthermore, central bank is expected to start raising rates again soon, making any carry trade less appealing.
Chilean Peso is not a mainstream currency. Most Forex brokers don't offer it and it has to be traded through banks. Also, the spreads are elevated, by currency trading standard, making it rather unsuitable for active trading. That said, anybody who likes exotics or seeks exposure to Latin America, should give CLP second look. Longer term it is appealing currency, especially if compared to others in the region.
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