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MANAGEMENT

May 21, 2011 By philip Leave a Comment



MANAGEMENT OF MONEY AND TRADES

 

 

Many people are completely new to the forex market and so the 180-page e-book will provide them all the necessary tools they need to be successful traders. From trader’s psychology, unique money management formulas, to calculating currency values and reading a currency chart Forex Trading is a complete learning tool for even the most inexperienced trader.

Also, it is important to understand why these mechanical systems you will learn work as they do, the logic behind them. After reading Forex Trading you will not only learn to trade these amazing strategies but you will know exactly why they work.

Don’t be overwhelmed by the amount of information you’ll learn, it’s a lot like learning to drive a stick- shift. While it may be hard to learn how to change shift, release the clutch while stepping on gas at beginning, once you’ve mastered it, that’s ALL there is to it.  No need to go back to school for two years or subscribe to The Wall Street Journal…

 

Filed Under: Forex

FREE FOREX TRADING

May 18, 2011 By philip Leave a Comment


TRADE FOREX  FREE

Trade forex for free while you learn forex signals and formulas. Offered by most FX trading brokers are free domo accounts that allow you to practice trading without the risking your own money until you have developed the confidence and knowledge to execute live trades. These trading platforms have the charts and all the other needs plus you can use it with the trading system you choose to learn trading.

Most systems offer money back guarantee over 60 days so if you use a domo account with a trading system while you are learning it can work to ways for you.

While you learn the formolas and signals of forex trading with the system you are using you will be able to see if you are learning anthing and if it is making an income on the domo account and if you are pleased with the results.

Filed Under: Forex

MINDSET – The Psycology of Trading

April 20, 2011 By philip Leave a Comment


 What is your motive behind trading? Do you want to make a few trades to help build your nest egg? Or do you harbour the dream of giving away your job and becoming a full time trader? Regardless of what you want to get out of trading, the level of discipline that you must apply is the same.

 
The emotions of fear and greed are the driving forces that guide a gambler’s approach to the market.If you are unfamiliar with these two emotions and how they effect your decisions, then when you start trading you will become intimately familiar with them. Your first major profit will bring you a euphoric high; your first loss will deliver a bitter low. It is this emotional swing that makes trading intoxicating for our typical trader.
 
How to desensitise fear and greed? With trading, it is all about practice until you feel comfortable  with what you are doing. To draw a comparison, if you fear heights then you need to start climbing ladders. You will not conquer your fear standing on the ground. Condition your mind  into accepting that  this is perfectly normal behaviour.

 
Just like the fear of heights, learning the mental discipline of trading will require repeated mental conditioning. We call this practice “paper trading”. Instead of starting with real money you can set up “Demo Accounts” and learn about chat movement, money movement, entry and exit, trading planes and money management.

 
While your doing this set a goal work on mental discipline by thinking “Think Positive and Positive things will happen.”

 
 
Filed Under: Forex

FX 101

April 20, 2011 By philip Leave a Comment

The base currency is always the “basis” for the buy or the sell. In a sample of AUD/USD we would be buying the base currency [Aussie Dollars] and simultaneously selling [ US Dollars]. We are therefore long this particular pair as we have bought the base currency.

You would buy the pair if you believe the Aussie dollar will go up relative to the US Dollar [quote currency]. You would sell the pair if you think the Aussie Dollar[base currency] will go down relative to the US Dollar[quote currency].

Margin trading in the foreign exchange market is undertaken in “lots” A “lot” is the minimum amount to the currency you have to buy. These lot sizes are generally 10,000 for  Mini accounts and 100,000 for standard accounts. 
 
 A CASE STUDY
 
You believe that the Aussie dollar will go down against the value of the US dollar. You decide to sell I lot [100,000] of the AUDI/USED pair at 1% margin which equates to $10 per pip. A pip is minimum amount  the pair can move and is least number or decimal place in the quoted price.

You sell the Aussie dollar at 0.9000 against the US dollar . Approximately $1100.00 margin requirement would be set aside in your account when the trade is opened  and you now control $US 100,000 worth of Aussie dollars. Your analysis proves correct and the value of the dollar declines to 0.8950, a 50 pip move in your favour.

You buy back the  AUD/USD pair at 0.8950 and make a profit of $500.00 [50 pips at $10 per pip]. Your return on margin equates to around 45% return – $500 profit on a margin requirement of around %1,100.00

Filed Under: Forex

Forex Trading

April 17, 2011 By philip Leave a Comment

 

FX Trading

As share markets continue to be buffeted by a seemingly never-ending stream of poor economic data and other negative events, more and more traders are becoming interested in the benefits of trading foreign exchange [ also known as Forex or FX ]. For more information  <a href=”http://918d2hx4nbuoczf0zhgu223y7s.hop.clickbank.net/” target=”_top”>Click Here!</a>                                                     The advantages of FX trading include the ease of trading either long or short, the 24 hour nature of the markets and the sheer size of the market – in excess of US$4 trillion changes hands daily. The Forex market allows you to actively engage in online trading using broker platforms to buy and sell currencies for profits.The use of leverage when trading in the FX market means that small amounts of money are able to control larger amounts than would be otherwise possible.
Forex trading is simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer, and traded in pairs; for example Australian dollar and the US dollar [AUD/USD] or the British pound and the Japanese Yen [GBP/JPY].

Unlike other financial markets around the would, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter, ‘off exchange’ or ‘interbank’ market. The entire market is run electronically within a network of banks and brokers, continuously over 24 hours. For more information  <a href=”http://4c545rxyj12p8z4e7emp1d2x1b.hop.clickbank.net/” target=”_top”>Click Here!</a>                                                                    With a well developed and researched trading plain that includes strict risk and money management parameters,trading FX can be an exciting and profitable endeavour. Like all trading. it should be conducted in a business like manner once the appropriate education has bee undertaken.
 

FX BENEFITS

 For more information    <a href=”http://6547egv2rz-13tfbybyi1bz33f.hop.clickbank.net/” target=”_top”>Click Here!</a>                                                                                                                                Leverage:  A small margin deposit can control a much larger total contract value.

   High liquidity: The huge size of the FX market ensures liquidity and prevents any one market participant from being able to control the price of a currency for any length of time.

   A 24-hour market: From early Monday morning to Saturday morning, the Forex market trades continuously

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  No commissions: There are no exchange fees or cleaner fees [because there is no central exchange], no government fees [because there is no government intervention], and no brokerage fees [ brokers are compensated through the bid/ask spread. Low coat to trade [the bid/ ask] spread is usually less than 0.1%.  you are trading directly into the market,no middle men.  

 For more information <a href=”http://c96e8g5ws8zu4-749kj4qcz47n.hop.clickbank.net/” target=”_top”>Click Here!</a>

Filed Under: Forex