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Forex Investing - Will it Work for You?Learn Forex Trading for Beginner When people go online to buy a product, they usually always wonder the same thing; will they receive a good product that will yield good results?

Forex Currency Trading is no different. Unfortunately, almost everyone is looking for a quick fix; something simple that requires very little or no effort at all and yet has a great outcome. When it comes to making money from home, there really are no magic buttons. You will still have to study the subject, decide whether or not to take action, and record your progress in order to achieve the results that you desire. This article and all the other articles on my site cover what you must do to make forex trading work for you.

Studying Your Materials is Important Generally speaking, the best way to learn about something new is to read about it. However if you want to become an expert on a particular subject, then you must study it in great detail. With this kind of diligent studying, you gain a deeper knowledge of the subject and you gain authority over it. The same strategy holds true when it comes to trading with forex. You must become a student of the market and devote yourself to continuous learning, in order to perfect your skill in trading. However, it doesn't stop there. You will need to take things a step further by taking what you've learned and actively applying it.

Decide to Take Action The main difference between people who are successful and those who aren't is that those who are successful possess the ability to consistently take focused action. Having knowledge is one thing, but knowing how to apply that knowledge successfully is another. When it comes to investing with forex, you have to know what your options are. If you are not a trader that can appropriately balance emotion and risk then you may want to look into other options, such as a managed account. With any course of action you choose, be sure to always continue journaling your progress. Beginning Forex Trading

In the mid '90's many beginners like us stepped into the brave new world of online Foreign Currency Exchange trading, a frontier that had recently become open to the self-trader. Today, now that it is becoming more well known, beginners and experience investors alike are flocking to Forex Trading -- the largest, most profitable, most liquid and fastest growing trading market in the world.

Take all the time you need to learn this trading new skill well -- practice everything you learn with a demo account (i.e. with demo play-money in it) before you consider going 'live' with your own money. Whether you are here to develop a skill for generating money or just developing a new interest, we think you will enjoy, as we did, discovering the exciting frontier of forex. Trading for Dummies

Trading really can be as simple as he makes it out to be. Too many people, usually those trying to sell advice or trading systems, try to make it much more complicated than it needs to be. Some key tips for success (for a full list read this article): Keep It Simple, Stupid (KISS) ? So many traders get bogged down in a bunch of intricate indicators. Note that all you see on our charts are price, volume and a moving average of price. While the search for that magical formula is seductive, I find that less is more with respect to using indicators. All indicators are just derivatives of price and/or volume anyway. Trade with the trend ? This is the one that every trader knows, yet sometimes it?s hard to abide by. I know I?ve had my struggles with it. I?ll often see some tiny stock double of triple in a day (or less) on some ridiculous news/rumor. My first thought is usually ?this is crazy, I should short this crap!?. But that kind of counter-trend trading can be very hazardous to your bank account. There?s a quote in Dr. Alexander Elder?s ?Trading for a Living? that?s very appropriate: If eight or ten people place their hands on your head and push you down, your knees will buckle no matter how strong you are. The crowd may be stupid, but they are stronger than you. Crowds have the power to create trends. Never buck a trend. If a trend is up, you should only buy or stand aside. Never sell short because ?prices are too high? ? never argue with the crowd. You do not have to run with the crowd ? but you should never run against it. Trade only active, liquid stocks ? Stocks that are extremely active (experiencing a surge in volume) usually have some news that?s driving them. You want stocks with a good amount of volume so that you can get in and out easily, quickly, and with minimal slippage (the difference between the order that you gave your broker and the actual price that you got for your order). Define any risk ? This one is key. You have to know where to exit (at a loss and at a profit) before you enter. Manage risk by adjusting a stop loss order. ? This is an area that I?m always trying to improve upon. There?s an old adage that says ?never let a profit turn into a loss.? That?s a lot easier said than done because you have to let the stock fluctuate. But at some point, once you have a decent profit, you should move adjust your stop loss so that you?ll at least break even on the trade. This is definitely an art as opposed to a science. I like to call this process taking a free position. It?s a great feeling to be in a trade that you know you can?t lose money on. I like to get to that point as soon as reasonably possible. Always enters a protective stop loss order ? This seems like a duplicate of the previous point, but there?s a critical distinction here. The order is a physical order, entered into the market and will execute automatically. It?s so easy to fool yourself into believing that you can get by with using ?mental stops? (keeping the stop prices in your head and entering the orders manually). But we all know what that leads to ? the dreaded ?stop creep?. That?s when you keep adjusting your stop as you lose more and more money in desperate hope that things will turn around. You?re risk/reward ratios won?t take kindly to that kind of thing. Trade always with good reward-to-risk profiles ? There?s no sense in risking $500 to make $100. Have a well-defined plan and stick to it ? Discipline and money management are the two most important aspects of trading. The greatest of trading systems will fail if you can?t stick to the system. TRADING FOR BEGINNER

DAY TRADING FUTURES WHAT IS DAY TRADING? Day trading requires that all contracts whether bought or sold be closed on the same day as they were established. If a day trade for beginner buys a contract, then it must be sold prior to the closing bell on that day for that particular market. Day trading can be done in essentially any market that has sufficient liquidity and that provides the trader with real-time access to prices and immediate order execution. The latter is typically a benefit of online or electronic trading. The most popular markets for day trading include futures, forex and select stocks.

Is futures trading for me? Take our course and find out. Free if enroll before Jan 17. Day trading enables the trader to establish a position over very short time intervals to capture brief price movements. The sudden rally or drop in price following the public broadcast of a news event or the release of an economic statistic presents a common day trading opportunity. So does the sudden break up through technical price resistance or down through support that is often followed by a continued price movement. Still other day traders look for arbitrage opportunities among the prices of related assets. Many day traders believe that their chances are better when forecasting price movements over very short time intervals rather than trying to forecast over weeks or months in advance.

WHY DAY TRADE?

Day trading has two major advantages. First, because positions are not held overnight, day trading may be less risky than position trading in which open contracts are held for several days or more. If day trading futures, the margin required is correspondingly less, usually about half of the standard requirement though sometimes even less and this makes day trading futures more affordable. Second, many day traders enjoy the relief of knowing that all trades terminate by the day's end so no sleep is lost at night worrying over any open positions. Each day represents a new opportunity to earn profit.

WHY DAY TRADE FUTURES?

Futures contracts are available across a broad spectrum of markets including equity indices like the S&P 500, government bonds and notes, grains, meats, energies, precious metals and even foreign exchange. Such a wide diversity of markets means that the futures day trader can almost always find an opportunity somewhere.

Many futures contracts trade electronically and this provides the necessary immediate market access. Moreover, the trading platform provided by a broker typically includes real-time market news, charting capability and even a menu of technical analysis tools all designed to support day traders.

There are a number of futures that have sufficient volume and liquidity to enable the timely execution of buy and sell orders and whose underlying interest or asset has a price volatility sufficient enough to provide day trading opportunities. After all, the more that a price changes during the day, the greater is the potential for profit (and loss!) when day trading.

Day trading futures is done on a regulated exchange within an industry that is itself regulated. In the United States, the federal regulatory agency is the Commodity Futures Trading Commission. Regulation not only helps to ensure a level playing field but also provides a clear mechanism for dispute resolution.

Beyond this, day trading futures holds some key advantages over day trading stocks (within the United States). For example, the margin or cash required to open a futures account for day trading is not subject to the Pattern Day Trader Rules that apply when day trading stocks or equities. Also, how futures trading profits are treated and taxed make day trading futures more advantageous than day trading stocks.

Finally, many futures brokers provide a real-time demo account where a beginner can test their skill at day trading futures as well as learn the functionality and features of the trading platform without cost or risk. See Futures Demo in the box, General Topics, at right and above.

WHAT MAKES DAY TRADING FUTURES POSSIBLE?

In the traditional days of open outcry, to day trade futures meant that you had to physically stand in the trading pit or have a direct communication line to someone who was in the pit. This was the only way that you could both know and act upon current market bids and offers. The privilege of standing in the pit is extended only to exchange members so day traders had to spend money - at times a considerable amount of money - to either buy or lease an exchange membership. The physical presence requirement plus high entry fee meant that few people could day trade futures. Moreover, even someone who was day trading futures had the disadvantage that, because they can only be at one place at one time, trading was confined to the futures pit in which they were standing.

All of this changed with the movement of exchanges to an electronic order matching platform - the beginning of electronic trading. This electronic platform serves as a virtual exchange trading pit where orders are accepted, stored and, if possible, matched and disseminated. By connecting to the exchange order matching platform - such an electronic interface is provided by the broker - a retail trader literally anywhere in the world can both receive real-time market bids and offers on electronically traded contracts and execute buy and sell orders with the speed and reliability necessary for day trading.

The original intent of the exchange electronic order matching platform was to enable trading in contracts during the hours outside of the open outcry session. In other words, it was a supplement to the traditional way of trading. However, popularity of electronic trading encouraged the exchanges to expand the electronic session so that now, most futures contracts are available for electronic trading practically around the clock, from Sunday evening until the Friday close. Consequently, the world of day trading futures has now been opened up to the retail trader who can day trade efficiently and conveniently from the comfort of their home or office.

For detailed information on day trading the E-mini? S&P 500?, please see our specialty site, Emini Day Trading. Too busy to read this now? Send an email-to-self reminder.

Day Trading Futures General Topics Electronic Trading Day Trading Systems Day Trading System: Support Day Trading as a Business Day Trading Risks Trading Psychology Futures Demo

Sector Winners. Shown above are the most popular futures for day trading in each sector based on average daily trading volume and price volatility. All trade on CME Group with the exception of sugar that trades on ICE Futures, U.S.

A New Way to Day Trade. Binary options allow you to day trade select commodities, equity indices, forex and even individual stocks and the most you can lose is your initial investment which may be as low as $50. To learn more, please see our specialty site on Binary Options.

How Are Futures Traded? Electronic execution is by far more popular than open outcry, accounting for 98% of total futures trading volume on CME Group. For many individuals, it is electronic trading that makes day trading futures possible. Source: CME Group volume comparison. Data over Jan-Dec 2011.

Have a Question About Day Trading Futures? Talk to a futures professional. Call toll-free 800.542.1022 or Request to be Contacted Your next step... If you're a beginner, then you should start with a solid education. For a basic introduction to futures trading, you may want to watch our free series of Futures Trading Videos. In the comfort of your own home, you'll have over one hour of lectures covering 8 introductory topics on futures trading all narrated by the President of World Link Futures. Tailored for the beginning futures trader, you'll learn the futures market basics such as how to read a bar chart and common order types, how to calculate profit and loss on a futures trade, how margin works and tips on risk management. You'll even see how to perform a regulatory background check on a futures broker or other industry participant.

Day trading should not be done impulsively but rather, it must follow the rules of a well-defined trading system. This is something that a beginner trader needs to understand. A trading system specifies when to get into a trade, either long or short, and when to close a trade, either at a profit or at a loss. A trading system must be appropriate for you. Every day trader has their own tolerance level for risk and amount of available risk capital and the trading system needs to be consistent with these parameters. For more information on trading systems, request our free brochure, How to Invest: A Beginner's Guide to Leveraged Investing.

Do you have your own idea for a day trading system? Maybe you?ve spotted a pattern in price activity. It could be a day-of-the-week effect, a time-of-the-day effect, or a new relationship with other, related markets. Many of us have ideas but have been stopped short by the daunting task of translating that idea into a trading system and then properly testing that system. While many trading platforms such as NinjaTrader, MetaTrader and AIQ have become fairly sophisticated in their application for system design and testing, it seems that a trader needs to be part programmer in order to take full advantage of them - and many of us are not, especially the beginner. Our custom trade system programmer can help. He has coding and programming experience with all of the major trading platforms and is even a trader himself. He can translate your idea into a day trading system and then test it. The result may be a fully automated, personalized day trading system that generates investment income for years to come.

Have a question about day trading futures? Then speak to a futures trading professional. They'll help you decide if day trading futures is right for you. Go ahead and Talk to a Futures Professional in the box above.

Finally, before you day trade futures with hard-earned dollars, we recommend that you start in an futures demo account. This simulated trading account is free for 30 days and is a useful educational tool especially for beginners. The professionals at The Futures Training Division of PFGBEST who provide the futures demo account are not only willing to spend the time in helping beginners, but they can also help you set up a real account when you're ready, making the transition to actual day trading easy and stress-free for you. Why Should I Learn Forex?

If you hear from anyone that making money in Forex is easy, do not believe. It is a myth. The truth is ? being profitable in Forex requires a lot of work, dedication, learn, practice, more than a good discipline, sharp knowledge of money management and understanding of the psychology of the currency market. Learn Forex before you start Trading, because to Earn you should Learn Forex.

If you are ready to Learn Forex / start Forex Trading, then this blog is for you. Here you will learn all details about forex / forex trading,

1) You will learn what is Forex and how to trade forex. 2) You will learn forex strategy / forex trading technique / forex trick. 3) You will learn how to draw forex trendline. 4) You will learn how to determine support and resistance. 5) You will learn how to use forex chart / forex indicator for entry & exit in forex market. 6) You will learn about risk management & money management. 7) You will learn how to calculate forex profit / losses and MORE.

Learn Forex: What Is It And How Does It Work? -

The currency (foreign exchange) market is the largest and oldest financial market in the world. It is also called the foreign exchange market, or "FOREX" or "FX" market for short. It is the biggest and most liquid market in the world with daily average turnover of US$1.9 trillion, and it is traded mainly through the 24 hour-a-day inter-bank currency market - the primary market for currencies.

Foreign Exchange simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs.

There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency.

The other 95% is trading for profit, or what you call speculation. Investors frequently trade on information they believe to be superior and relevant, when in fact it is not and is fully discounted by the market.

Unlike the futures and stock markets, trading of currencies is not centralized on an exchange. Forex literally follows the sun around the world. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S.

Currency Symbol / Currency Pair

EUR/USD = Euro / US Dollar GBP/USD = Pounds Sterling/ US Dollar USD/JPY = US Dollar / Japanese Yen USD/CHF = US Dollar / Swiss Franc USD/CAD = US Dollar / Canadian Dollar AUD/USD = Australian Dollar / US Dollar NZD/USD = New Zealand Dollar / US Dollar Etc.

In excess of 85 percent of all daily transactions involve trading of the major currencies - Australian Dollar, British Pound, Canadian Dollar, Japanese Yen, Swiss Franc, and the U.S. Dollar.

Currencies are traded in pairs, meaning that you are really trading one currency for another. A simple way to understand this is to consider what you do when you go on foreign vacations. If you are an USA, and you plan to travel to another country, say Canada, then you might take say $10,000 USD to the bank to change it for Canadian dollars. Let?s say the exchange rate is 1.4000, then for your $10,000 USD they would give you $14,000 CAD. Now let?s say you didn?t spend the money and upon coming home you decide to change it back to USD currency. Now let?s say the exchange rate is 1.3700 (a change of 300 pips that could happen in a week), so your $14,000 CAD would convert back to $10,218.97 US. Therefore you just made $218.97, a 2.19% increase in funds.

Reading a FOREX quote may seem a bit confusing at first. However, it's really quite simple, when you see Forex quotes you will actually see two numbers. The first number is called the bid and the second number is called the offer/ask. If we use the USD/JPY as example 115.37/115.40 the first number 115.37 is the bid price and is the price traders are prepared to buy USD against the JPY. The second number 115.40 is the offer price and is the price traders are prepared to sell the USD against the JPY.

Here in USD/JPY the currency listed first (USD) is the base currency and & the value of the base currency is always 1. A quote of USD/JPY 115 means that one U.S. dollar is equal to 115 Japanese yen. When this currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote increases from 115 to 117, it indicate dollar is stronger because it will now buy more yen than before.

What Next Well now we have a basic understanding of how Forex market works what next? Now you are going to decide best way to trade the Forex market. The most common approaches are Forex fundamental analysis and Forex technical analysis.

Forex Fundamental analysis: Usually everyday, and often more than once a day, the currency pair will be moving along slowly (sideways movement, consolidation) and then all of a sudden it JUMPS! It very quickly moves up ten or more pips, usually in just a minute, and often continues to move strongly for another hour or so. This is due to the release of a ?Fundamental Announcement?, and of course any experienced trader should understand that they usually create a market movement.

Forex Technical Analysis: It is technique to learn Forex market using chart and indicator to predict the future price of a security.

WHAT YOU NEED
 * BROKER:

1: A broker that provide good platform to trade Forex. MARKETIVA provide very good platform for Forex trading and also give $5 free to open an account.

2: If you are ready to deposit at least $100 then ForexYard is best because they provide 100% bonus on first deposit upto $300.

Deposit $100, receive free $100 and start trading with $200

Deposit $200, receive free $200 and start trading with $400

Deposit $300, receive free $300 and start trading with $600

3: You can try Plus500 they provide $20 free with No Deposit required.

However, it is common that one afraid of being involved in Forex market because of high risk in this trading field. Although every capital market involves certain level of risk, the risk of loss in foreign currency trading market can be extensive. It would be wise to learn about the potential risk (and managing it) if you wish to trade in Forex market
 * Learn Forex Money Management and Risk Analysis:

While this web site was designed to be accessible to all, especially beginners, that is not to say that day trading futures is appropriate for everyone. As with any type of investment, it should be carefully considered along with your personal tolerance for risk and available risk capital. This web site will help you make an informed decision.