tag:blogger.com,1999:blog-51911921694021877612024-03-14T04:58:35.870+07:00forex make me winBuy Cheaphttp://www.blogger.com/profile/00236025845305628476noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5191192169402187761.post-61163895937636972592009-08-10T16:14:00.006+07:002010-10-13T22:29:14.444+07:00Advantages of FOREX Trading<div style="text-align: justify;"><a href="http://forexmakemewin.blogspot.com/" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5368262453289235090" src="http://3.bp.blogspot.com/_XrzfiQd7_rU/Sn_mQk1fMpI/AAAAAAAABAE/cVAz8TYBvpo/s400/1.+forex+signal.jpg" style="cursor: pointer; float: left; height: 114px; margin: 0pt 10px 10px 0pt; width: 121px;" /></a>Here are some of the more common advantages of trading FOREX over other markets - intended as a beginners guide for those wishing to start trading Foreign Exchange.<br />
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The FOREX market is <br />
<a name='more'></a>open round the clock 24/7 (weekdays) so you can always trade outside normal work hours if you want to. This is ideal for punters who are thinking of 'phasing in' their trading without it affecting their main full time job and is how most people like to start. This flexibility provides a nice easy introduction to trading without any risk to your main income if you start with a 'demo' account for a couple of hours or so in the evenings.<br />
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Because the FOREX market dwarfs all other markets due to the sheer amount of money changing hands (in the region of several trillions of dollars per day), the 'liquidity' is considered excellent, which means that you can nearly always get a good 'fill' or entry at a price you would expect. The cost of any 'spreads' (The difference between the current market price and the price your broker gets you into a trade) are therefore relatively small, especially if you trade a common currency pair such as the Euro Dollar (EURUSD). This keeps your costs down.<br />
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Costs are simplified and minimised in FOREX. Usually, with a regular stocks and shares account, you will pay a 'spread' cost to get into a trade, and a commission to your broker on each trade, whether you win or lose. In some cases, there is also a 'stamp duty' cost. Foreign Exchange trading simplifies this by just having a spread 'fee' and no other costs are involved.<br />
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Combinations of currency pairs that include any of the main five currencies (Dollar; Pound; Euro; Yen and Swiss Franc - USD GBP EUR JPY CHF) also attract relatively small spreads because they are traded frequently. Other commonly traded currencies are Australian, Canadian and New Zealand Dollar (AUD, CAD & NZD).<br />
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As there are only a limited set of currency pairs, you don't spend hour after hour searching through hundreds of stocks for the right one to buy. I follow only six currency pairs and some traders only study and trade one! - This can greatly reduce any preparation time and analysis. Also, the amount of indicators that FOREX traders use with their charting, tends to be limited to a handful, so there is no 'analysis paralysis'. - I use Stochastics, Average True Range, (ATR) and Fibonacci levels only.<br />
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Currency pairs tend to trend up or down for long periods of time, and there is therefore a good chance of getting in on a move and riding with it. This is an ideal scenario for a 'swing' trader. Momentum (the speed at which price changes), can be very high in Foreign Exchange trading, so can be seen as an advantage or a disadvantage. This means that you can make a lot of money (or lose it) very quickly, sometimes within minutes!<br />
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You can trade in bull and bear markets, so you are not restricted to the 'buy low, sell high' strategy. There should therefore be more opportunities to trade as you can trade 'long' or 'short'.<br />
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It is much more common for traders to start off trading 'equities' or stocks and shares first, then when they discover FOREX, it surprises them by opening up a whole new world of simplicity!<br />
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About the author:<br />
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I am a private full time FOREX trader and have my website at http://www.bridgetosuccess.co.uk with Foreign Exchange information and products to help with your FOREX trading.<br />
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http://www.forexsubject.com/article5676.html</div>Buy Cheaphttp://www.blogger.com/profile/00236025845305628476noreply@blogger.comtag:blogger.com,1999:blog-5191192169402187761.post-46757861443670300852009-07-15T16:16:00.003+07:002010-07-25T16:56:33.452+07:00How to find the best Forex Forum<div style="text-align: justify;"><a href="http://1.bp.blogspot.com/_XrzfiQd7_rU/Sl2ey6ZGSQI/AAAAAAAAAy4/MlSAKKvEW08/s1600-h/6.+Things+You+Should+Know+About+Forex.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5358613729145932034" src="http://1.bp.blogspot.com/_XrzfiQd7_rU/Sl2ey6ZGSQI/AAAAAAAAAy4/MlSAKKvEW08/s400/6.+Things+You+Should+Know+About+Forex.jpg" style="cursor: pointer; float: left; height: 112px; margin: 0pt 10px 10px 0pt; width: 124px;" /></a>Online forums are becoming popular destinations for people to go online and obtain information. Forex is no different in regard to trade in many forums where operators can share their opinions and learn new things. However, as with any online resource, you must be careful with the information you find on these forums.</div><div style="text-align: justify;"><br />
Before the Internet era, the word "Forum" means a group of people who gathered on the site and discussed some issues. At the beginning of the Internet, as bards bulletin published. People, and then write their thoughts on these boards. These online forums gradually joined today, where you can register and begin the public debate or private.<br />
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Now, it's easy to join a forum Forex Trading and learn new information. If you have a question can surely find an answer. If you can not ask participants to respond.<br />
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For example, forums can be very helpful in providing advice and feedback on a product you are interested in most of the operators using this product can give your opinion in the forums. You can use the search option to find those comments. This can help you make a purchasing decision of products below.<br />
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Before taking a decision on the product passes through many comments. Otherwise, the end does not give a complete picture. Remember that some people in May have good or bad experiences in May is unusual. Therefore, finding good and bad reviews to build a good image of what you are looking for.<br />
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When you have a question on the forum for the exchange can be a valuable resource for an answer. But, again, keep in mind that different people give different answers and should not count everybody.<br />
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Sometimes you can find the view that people are contradictory. This is not a reason to discourage trade forums. Different people have different personalities and how to make money in Forex can be completely different from yours.<br />
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A problem with online forums for all the world knows, is that you do not know a person at the other end. He or she can be a real expert. May or sound like experts on trade, but only on a demo account. Therefore, you must use your own discretion when you receive answers to your questions in the forum.<br />
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Another problem with online forums, it is very easy to get addicted to them. You may find that you lose a lot of time on the forums, instead of studying the market and trade. That's why you need to set clear goals and a plan of care for their trading day.</div>Buy Cheaphttp://www.blogger.com/profile/00236025845305628476noreply@blogger.comtag:blogger.com,1999:blog-5191192169402187761.post-12419015559925020032009-07-15T16:10:00.000+07:002009-07-15T16:13:39.959+07:00Forex trading for beginners<div style="text-align: justify;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_XrzfiQd7_rU/Sl2dpHTXJkI/AAAAAAAAAys/pHrAIB9TXv8/s1600-h/4.+Forex+Trading+for+Newbie.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 121px; height: 94px;" src="http://3.bp.blogspot.com/_XrzfiQd7_rU/Sl2dpHTXJkI/AAAAAAAAAys/pHrAIB9TXv8/s400/4.+Forex+Trading+for+Newbie.jpg" alt="" id="BLOGGER_PHOTO_ID_5358612461301212738" border="0" /></a>Forex market is another way to to make quick and steady money. As in any unfamiliar market, it is best to have a clear understanding of the process. There are tutorials available on the Internet to give guidance and to educate the Forex currency trading beginner. There is even the option of opening a "dummy" or practice account where you have the opportunity to trade without using actual funds of your own. This is an amazing introduction to a market that is strictly done via phone or the Internet. There is no actual location as with the stock exchange but it is strictly over the counter type operation. The Forex market is all about trading between countries, the currencies of those countries as well as the timing of the exchange of specific currencies. The Forex marketplace is the trading between countries, typically carried out by a broker or a financial agent. Many people are participating in Forex transactions, a marketplace which is fairly comparable to stock market trading, but Forex trading is occupying on a considerably larger overall scale. Much of the trading take place between financial institutions, governments, agents and a small quantity of trades will take place in retail settings where the average person involved in trading is known as a spectator. Financial market and financial terms make the Forex market trading go up and down everyday. Millions are traded on a daily basis between quite a lot of the largest countries, and this is going to include some amount of trading in small countries as well. From investigations over the years, more than a few trades in the Forex market are done between banks, and this is called interbank. Banks make up approximately 50 percent of the Forex market trading. So, in the case that banks are extensively making use of this method to make money for stockholders, then you know the cash must be there for the small investor. Banks trade money everyday to increase the amount of money they hold. Overnight a bank will invest millions in Forex markets, and then the next day make that money accessible to the public in their savings, checking accounts and etc. While this venture into trading of currencies globally may be somewhat overwhelming in nature, it can be quite profitable over the long haul. There are trading organizations that will allow the Forex currency trading beginner to start with a very minimal investment but one must realize that this only yields small profits. An individual must be prepared to accept the possibility of loss but work to make profits using all the tools, schools, tutorials and expert advise available for the beginner trader today via the Internet. For more information go to http://lanastem.blogspot.com</div>Buy Cheaphttp://www.blogger.com/profile/00236025845305628476noreply@blogger.com