FOREX MARKET SESSION

Forex market is a totally different beast as compared to the stock market. Stock market is open only for a fixed times usually from morning to the evening. After that it closes and trading stops. But forex markets never close. They are open 24 hours a day, 5 days a week except on weekends.

Continuous 24 hour action at the forex markets baffles many new traders. Forex markets have no central exchange. It is an Over the Counter (OTC) market that is spread over various locations in the world.

As there is no open and close of the forex market, many new traders get confused and dont know when the best time when major price action takes place is? So they sit in front of the computer all the time and in the end simply exhaust themselves losing their stamina. A clever way is to divide the 24 hour day into three 8 hour sessions.

Again divide each 8 hour session in 4 hours by using 4 hour charts. As you will read this article, I will explain how this division is logical and can help you understand the forex markets. Forex markets are basically controlled by three money centers and these three sessions will help you identify the risk appetite and the price action for each.

The three major money centers that affect the forex markets everyday are namely: Asia, London and New York. We will call our three trading sessions, the Asian, the London and the New York Session.

Asian FX Market Session: Sydney, Tokyo, Hong Kong and Singapore are the main centers that constitute the Asian Session. Export corporations and Central Banks of these countries are trying to hedge their currency fluctuations. Due to this price action is jumpy, fades away and is not sustainable.

London Market Session: London is the center of the global forex markets. The price action that takes place during this session forms the trend in the rest of the day trading. London forex markets are deep and highly developed. London market is also assisted by Paris, Geneva and Frankfurt. Since lot of money is needed to move this market, these moves give a lot of information for the traders.

New York FX Market Session: New York is second biggest FX market after London. Both of these markets overlap in the morning when New York is opening and London is closing. This is the time for major action.

The following table gives important times of the day that any forex trader needs to know: 00:00 GMT-Sydney Opens. 11:00 GMT-London opens. 15:00 GMT- London becomes very active. 17:00 GMT- London is active and New York opens. 18:00 GMT- London and Europe closes. 19:00 GMT- New York and Chicago getting ready for a close!

This overlap between London and New York is the time when major price action takes place. There is lot of volatility in the market and you can make many pips. London is the trend setter in both forex and fashion.

Four Necessary Tools For The Effective Forex Trader

Smart entrepreneurs understand the necessity of tools to ply their trade in the most efficient method possible. The forex dealer is no different and should have an efficient arsenal of forex specific tools if the trader desires to live to tell the tale beyond the first few hours of their entry into the foreign exchange market.

Selling and buying currencies is not something that should be entered into frivolously. Deciding upon cheap or free tools to assist you in your trading is silly. If you are going to participate in the FX market it follows that you must arrive well prepared with quality resources readily available to you.

The quality of tools you decide on will in part determine the amount of success you realize trading in the forex market. A few of the tools you will definitely want to consider are

Good Forex Training Course
Web Based Forex Broker
Forex Signal Software
Computerized Forex Trading System

ADVANTAGES OF FOREX

The Forex market is open 24 hours a day. In this process a trader don't need to wait the market to open. Any time forex trader can buy or sell currency to earn profit.

High liquidity market-

Forex market is high liquidity market. Trader can easily cash in or cash out their capital.

High Leverage Margin-

Usually 1% margin is available in foreign exchange. Forex brokers offer trade margin of 50, 100, 150, or even 200 to 1 of trade margin. Forex traders often find themselves controlling a huge sum of money with little cash.

FOREX MARKET WORLWIDE

Forex is a trading ‘method’ besides known as FX or and independent 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 tally as some are going to gain money and others are going to escape money. Don’t try to play forex by taking loans otherwise you may caught up in iva or will need debt management if played wrongly. The basics of forex are twin to that of the cattle market actualize in item country, but on a immensely larger, grand scale, that involves people, currencies again trades from around the world, in befitting about any domain.

Different currency rates befall and alter every day. What the value of the dollar may be peerless present could be large-scale or lower the next. The trading on the forex market is solo that you have to watch closely or if you are investing packed amounts of money, you could elude giant amounts of chief. The main trading areas for forex, happens in Tokyo, in London and dominion New York, but there are also many other locations around the world where forex trading does take decree.

The vastly heavily traded currencies are those that land (pressure no particular decree) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can occupation any one currency against another and you can trade from that currency to another currency to build evolving further money and relate casual.

The areas where forex trading is marvelous place will open further close, and the coming up entrust cause and gain. This is seen also in the stock exchanges from around the world, as distant time zones are processing order and trading during different time frames. The results of any forex trading in one nation could think results and differences in what happens power additional forex markets as the countries take turns initiation also closing suppress the time zones. rumble rates are going to vary from forex trade to forex trade, besides if you are a broker, or if you are lowdown about the forex markets you inclination to apprehend what the rates are on a given day before making any trades.

The bovines market Is ofttimes based on products, prices, again other factors within businesses that will adapt 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 admit stocks again make money - which by the advent is illicit. practiced is violently little, if any at all inside information in the forex trading markets. The money trades, buys and sells are all a part of the forex peddle 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 message code associated with that currency so competent is no miscalculation about which currency or which domain 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 craving is intimate as the JPY. If you are sympathetic impact contacting a broker and becoming involved significance the forex markets you charge boast rife online where you incumbency review the caravan information and transactions before processing and becoming mingled leverage the forex markets.

TRADING EXPERT

If you try to look around, you will see that there are a lot of expert advisers in Forex trading and most of them are available through software and programs that you simply have to run in your computers.

What is the reason why 90% of Forex traders lose?

This is for the reason that traders are humans that will be attacked by greed. Like all humans, we tend to lose our confidence the moment when we find ourselves in serious conditions, and we also possess the inherent fear about things that might happen. Because of this, a lot of traders would rather opt for expert advisers in Forex trading software that will help you achieve the reliability of decision that most humans are lacking.

When we say ‘expert adviser’ it basically refers to a “robot”. Don’t underestimate them, come to think of the fact that robots beat humans at a game of chess and they would also beat humans at trading. As a trading guide, the robot will watch the market for you, hence it will place trades under definite parameters while at the same time enjoying the ability of being immune to fear, lack of confidence, greed, and inconsistency.

FOREX PLATFORM

The massive Forex trading markets provide great online business possibilities. When people search for Forex information, you want them to visit your website. “Forex Trading Signal”, “Interbank Forex”, and “Scalping Forex” will be the type of search terms that you want to draw traffic from.

A acute cost movement on high volume is pondered authentic and in all likelihood to be maintained, when a equally acute move on low volume is rebated and viewed as more in all likelihood to reverse. Propulsion pointers fall into a group of technical examines known as oscillators, since the mathematical delegations of propulsion are structured on a scale that sees propulsion ascend and fall, or flux, relying on the pertinent speed of the cost movements. A assortment of variant propulsion oscillators live and breathe, each determined by assorted recipes, although they’re all based on the relation of the present cost to antevalued costs over a interpreted period of time.

In most cases, you’re more contented expecting more humble cost movements of 30 to 80 pips instead of striving for the home-run ball. And no matter what some infomercial informs you, you’re not going to retire based on some lone trade. The key is to hit desperados and stay in the game.

With Forex you’ve got the biggest, most dynamic and stimulating economical market worldwide. We approach currency exchanging from those 2 point of views, looking at them individually and mixing them together to give you the data you need to trade in the Forex market. Presuming is really about taking on economical risk in the wish of making a surplus.

If they’re not being quizzed, we’re commencing to imagine that perhaps the market is already excessively small and that surplus taking small canopy might follow. If the report comes in higher than anticipated, we’ve already discovered the in all likelihood upside cost points that can spark a bigger response. Imagine ahead in reference to what the market is anticipating based on consensus anticipations and how much has been valued in.

MUST FOLLOW THIS

Why did some people make it and other give up or just painfully failed ? I have narrowed it down to several reasons. Hopefully you will be able to take these lessons away from this article and impliment them into your own trading.

1. Trading more then 1% a trade.

Seems a little weird that the people who eventually made the $100k only risked a max of 1% of their capital in any given trade? Well thats what everyone who made it did. Trading this amount of capital keeps you in the game if you eventually run into a losing streak on the market. This is a vital piece of information to remember. Even though your profits will be lower then a person who risks, say, 10% a trade, your long term ability to stay in the game is far greater then the 10% trader.

2. Trading more then 3 major currency pairs at a time.

There is no way getting around it, Forex can sometimes be a risky and volitile market. Information saturates the internet about every major currency pair. Keeping track of more then 3 currency pairs will often leave the trader in paralysis of analysis. Personally i only trade 2 majors and keep up to date on those. Being a master of 2 currency pairs is far better then being a jack of all pairs and a master of none.


3. Being lazy and not constantly learning.

People change, and markets based on people change with them. Forex changes all the time, what is a favoured currency, what isn’t favoured can change week to week. My point here is not to only trade the news, my point is that the people who succceeded in making the $100k were always shaprpening their skills. This market can make you filthy rich so why wouldnt you spend the time learning all you can about it? I can never understand new traders who read a few books on Forex and think that their learning is finished. If you want to make money off Forex remember this, the cost of trading forex is Capital and Learning.

4. Only focusing on one time frame.

Last but not least here is something we probably all did as new traders. But the sooner you kick this habit the better off you will be. Let me give you an example. If a daily chart is showing an upward trend reversal, but on a 1 minute chart it is showing a strong start to an upward trend, if you are only focusing on the 1 minute chart you are going to lose a lot of chedder. My point here is simple, keep an eye on the overall picture at all times. Use 2 -3 different time period charts for a big picture and then use 1 to make your trading decision.

Remember the Forex market does not play favorites. Learn to trade smarter and the profits will follow.

IS FOREX RISKY?

The answer is yes but if you trade it safely and know what you’re doing and have analysis skill you can gain your success in forex trading. People without skills and experience will think that forex trading is same like gambling but it’s not true because with the right skills and experience you can get lot’s of profits from your forex trading.

It will be a good idea for someone new to start small first.

WHO CAN PLAY IN THE MARKET?

The good news is that anyone can join in the frenzy. Those who don’t have money can borrow something like $500 then pay it back gradually when a little cash has been made.

There are two ways to analyze the current market conditions.

The first is called the technical analysis. Basically, this is the use of historical data to make a prediction and hope that the assumptions are correct.

The second is called the fundamental analysis. There are a lot of things that could affect the foreign currencies. A good example is the Asian meltdown in 1998. There are also other things to watch out for such as political and economic situation as well as the credit ratings given by different organizations like the World Bank.

Some people use one method of analyzing while others use both. In the end, these are mainly assumptions because some countries are able to bounce back after a crisis.

Making money through the foreign exchange market can be done at home or at work. The only thing needed is a computer which connected to the internet that has to be kept on at all times to monitor everything.

There are two client versions you can choose from when do trading in the foreign exchange market. There is the web based client and the desktop based client. The web based client is a client which you can use without needing to install any software and you only need a browser and internet connection to using it, but the desktop based client is a client where you need to install it first on your computer before it can be used for trading.

Those who have been in the game for quite awhile can use the web-based version to do transactions personally. First timers and those who are uncertain are better off using the desktop-based version. An analyst will be able to advice the person before money is thrown into the wind.

Studies show that more than a trillion dollars exchange hands daily in the foreign exchange market. This shows that there is a lot of money floating around and a fortune can be made if this is done correctly.

FOREX CURRENCY AND STRATEGIES

The Foreign exchange market is commonly known as the Forex market, it is the principal financial market in the world.

Forex currency trading market is existing almost everywhere in the world where currencies are traded for one another. The Forex market is even larger than the Treasury and Equity markets all over the world. Forex market can best be described in terms of capital; this is to say that a place where the money of one country is traded for another is basically known as Forex. In the present scenario, the most popular and significant currency exchange pairs in the Forex market are the Euro Dollars.

However the most complex problems until today is that, there is no single central exchange place or the facility in the Forex market where everybody can exchange the currency they wish to. All the currency trade is either done on online or over the telephone in the Forex currency trading market. Forex currency trading is done online via huge networks, which are in connection with all the principal participants of the Forex strategy system such as the banks, the government, big financial institutions, currency traders and Forex brokers.

With the revolution that has been brought about in the form of electronic economy, online Forex currency trading has started offering plenty of services to all the currency traders and brokers all over the world. Today, Forex strategy system is such that anybody having access to the Internet can easily enter into the Forex currency trading business. However, this does not mean to say that anyone without having the basic knowledge of Forex strategy system can blindly jump into the Forex game. In order to become a Forex trader, one should have a good amount of knowledge and all the necessary bits of information about the existing Forex strategy system, Forex trading signal, Forex alerts, Forex signal, Forex trading strategy, and the overall Forex currency trading.


At present, Forex currency trading has become the most popular arena for all the speculators and traders worldwide. Earlier Forex strategy system was not open to everybody and it used to be the domain of the banks and the high risk investors only but now, the boom in Forex strategy system has facilitated the easy entry of outsiders and beginners. If you aspire to be one of the successful Forex traders, it is most essential to have prior knowledge about the Forex trading signal, Forex alerts, Forex signal and the Forex trading strategy. In order to be a Forex trader and an active participant in the Forex trading strategy, it is best advised to seek help from a professional Forex trader or an experienced Forex expert. But, if you really want to earn a living out of Forex currency trading, then the best thing you could possibly think of would be undertaking a Forex training course. Such courses are readily available and genuinely helpful in training students in Forex trading strategy, Forex currency trading, Forex trading signal, Forex strategy system, Forex signal and Forex alerts.

FOREX NEWS TRADING

Unlike stock markets, forex markets are open 24/5 except on the weekends. There is a continuous price action all day in the currency markets. Do you know this fact more than 90% of forex traders are speculators?

Currency markets react violently to the release of economic and socio political news. Currency rates can shoot up or down violently for a few minutes to a few hours before the market absorbs the impact of the news.

Fundamental economic news like NFP figures, the housing sales number, FOMC meeting etc all are released at a known time. Google Fundamental News and you will see lots of sites that provide this information.

You can get the day and time when a major economic announcement is going to be made. Non Form Payroll (NFP) figures have become very significant for USD pairs especially after the start of the recession recently.

Non Farm Payroll (NFP) figures are released regularly at 8:30 AM EST on the first Friday of every month. EUR/USD and other USD pairs become very jittery just before the release of these figures. EUR/USD can sometimes shoot up by 50-150 pips in 5-10 minutes just after the release of these figures.

The markets mostly stabilize within a few hours after the release of an important economic news unless the news is of such a fundamental nature to form a new trend in the market.

News release trading is ideal for those traders who like a lot of action within few minutes. Here is one strategy described below that you can use.

Enter both buy and sell orders on for example EUR/USD at 10 pips above and below the price of EUR/USD just five minutes before the announcement of NFP figures.

Place stop loss of 10 pips for both the orders. Place take profit of 40 pips on both orders. When the NFP figures are announced, EUR/USD will either shoot up or down.

Suppose it goes up by 10 pips, buy order will be triggered. Suppose EUR/USD jumps by 60 pips. Your position will be closed at 50 pips when you have reached take profit of 40 pips. Isnt it nice you made 40 pips in a few minutes?

Suppose EUR/USD shoots down. Your sell order will be triggered and you will still make 40 pips. Sometimes the markets have a tendency to whipsaw so be careful. Practice this strategy on your demo account first ten times before going live.

8 STEPS TO BECOME TRADING WINNER

You’re new to forex, or perhaps you’re not new. You’re just not making any money. I know it’s not comforting, but you’re not alone. As I’m sure you’ve heard, an estimated 90% of traders lose money.

So, what are you to do about it? Hope and pray that you’re trading turns around? Buy any and every new trading product that comes on the market? Just give up? Bury yourself in heavy books about the physiology of trading?

There is a better way. Listed below are the eight steps that will (guaranteed) take you from loser to winner if you just work at following them exactly.

1. Get the idea of trading with real money out of your head. You are not making money, so why would you continue? If a vending machine took your money and didn’t give you any product, would you keep feeding it money?

Obviously not. The same rule applies with trading. Don’t throw good money after bad. Stop trading.

2. Buy a ready-made system that is proven to do well. Beware! I did not say to just go buy any system, or to buy an expensive system. There is a place and a time for expensive (proven) systems. However, you do not need one as you learn to trade profitably.

They are readily available. Don’t let catchy sales copy sway you into buying something worthless.

3. Study everything you can on the internet and in books about money management. You are now in school. Learn the system you purchased. Study everything you can on trade size and risk. Realize that picking winning trades is easy compared to the self-control of proper money management.

4. Demo trade the system applying sound money management. Only now do you begin to trade again and only with pretend money.

5. After six month (longer if you’re not profitable yet), start trading with real money. You want to trade as small of an account as you can.

Do not get impatient! I know six months sounds like forever. I have just one question for you? Do you want to lose money?

6.If you are not trading profitably with real money, then start looking for a proven signal provider.

Evaluate your trading after several months of real money. How are you doing? If you are profitable, skip to step eight. Otherwise, continue.

7. Trade with the signal provider while you continue to turn your trading profitable. Do not rush to pick a signal provider. There are a lot of snakes in the grass. Ask questions in forums. Talk to people. Pick someone with whom you are comfortable and who is proven.

8. Their will come a time when you’re trading will become profitable because you don’t have the burden of having to be profitable (the signal provider is profitable for you). So you will then find your own trading making you money as well.

PENNY STOCK ADVICE

Investors looking to buy penny stocks might well avail of advice from the established brokers. Further, they can also look into newsletters published by various penny stock brokers. These newsletters carry analysis of the possible market trends in penny stocks along with other details like special focus on select stocks. Buy and sell recommendations supported by hints at possible triggers are also published in such newsletters.

Background information on specific penny stock companies along with a peek into their ongoing business development activities is also provided in these newsletters. Besides, transaction records published by the pink sheets and over the counter bulletin board (OTCBB) on penny stock trading on a daily basis can also come in handy for these investors.

Brokers specializing in penny stock trading also maintain their own databases on historical market trends, especially in those stocks which are actively traded. They also keep a close eye on unveiling of significant market and business investment plans. In addition, they also watch out for any signs of an imminent big move on the part of penny stock companies that would fundamentally alter investor sentiments on their stock when this information becomes public.

In addition, a growing body of information on web-based networks and blogs can also provide useful insights into penny market trends. This source of information can be used by investors to cross check veracity of their information gathered from the other sources. Insights picked up these sources will help you to some extent to avoid any likely financial traps that scammers may have laid for gullible investors of penny stocks. For investors in penny stocks, avoiding such traps should assume a high priority, considering the empirical evidence that fraudsters have been rather conveniently targeting these stocks.

EASY FOREX PLATFORM

If you’re just looking in to the world of forex trading, the number of available choices can be daunting. The Easy Forex Trading Platform is a good place to start because the volume of free information available there is staggering! What follows is a brief description of some of the features you’ll find.

Home Page

When you get there, click on the About tab, which gives you some background about the company behind the site. The minimum trade amount is $25, which is lower than a lot of other services. Of course, if you’re just starting, executing a trade is the last thing you should do on your first visit. Do your research and gain a basic understanding of all the risks and rewards before you commit any of your money. Easy Forex doesn’t require you to download any software to your computer and makes the set up very easy.

Glossary

If you’re not an expert, spend a little time browsing through the Glossary. You’ll find the Glossary button at the top of the left side menu. Give it a click and read for a while. Do you, for example, know what “GTC” stands for? It’s in the Glossary.

Financial Calendar

Right near the Glossary button there is a financial calendar tool. It lists the upcoming announcements and reports that are issued on a regular basis and that can be used as indicators for the currency exchange market. It’s very important to get familiar with this schedule and have a general idea of what the report contents mean.

Forex Outlook

The Forex Outlook button displays a high-level summary of the current state of the major world currencies and is posted daily. It covers the USD, Yen, Euro, and others.

Guided Tour

Take the tour. It’s an invaluable learning tool. It walks you through a straightforward example of a trade (USD against the Euro) and shows you all the steps involved in placing the deal. This is just an example, but you can learn a lot from just walking through the steps. The second example takes you through a futures deal - a little more complicated but again, a good learning experience. By the way, at the end of each example, there is an analysis of the possible outcomes, explaining how you would have gained or lost, depending on rate fluctuations.

The Info Center

Be sure to browse through the items in the Info Center part of the menu on the left side of the screen. There’s a Market Overview, a Market History section, and a selection that discusses strategies and risks. You can get a mini-course in the Forex markets in that one section alone.

In summary, the Easy Forex site offers a lot - read and learn, and don’t trade until you know what you’re risking.

FOREX TRADING WIZARD

Forex, by definition, is the foreign exchange and deals in the goods, services and currency trading. Forex is also considered the economic indicator of economy and help to ascertain the financial picture of the nation. Forex market is the biggest financial and economical market of the world. Its money capacity is considered even larger than the equity and treasury markets. In recent years, forex trading (currency trading) has gained prominence and more and more people have started chasing the trend.

It is generally said that forex is a very volatile market and prices fluctuate very quickly in fraction of seconds. Therefore great risk factors are involved with them. So, while trading meticulous concentration should be paid so that you do not miss out any prominent moment where price has gone steeply upwards. This is considered as the most important forex trading strategy which can bring you huge sums of profits. On the other hand, when the market works against you, big loss with incurred.

As a form of trading strategy, some will rely on different forex trading signals, whereby they will instant information via internet and mobile phones. These different forex trading signals can get you access to the forex alerts all 24/7. This makes them highly convenient and hassle free service mediums.

Forex strategy system works on the economic driving force of demand and supply concept. Once the demand of any product increases steeply, it directly influences the supply side. On the overall picture of the forex trading system, it highlights the profitability of the forex market.

Forex alerts are also needed for the awareness about the changes that take place in the financial market of forex, forex signals so that economic feasibility of that country can be determined accordingly. This in turn helps the economists for analyzing the different trends that influence the market. They after bring the new theories of economics that can help in understanding the forex strategy system in a better way.

To be successful, Forex signals, forex strategy system, forex trading signal, forex alerts, forex signal and current trading are all important components often market of forex and influence the financial position of a country in a big way. So, Forex signals, forex strategy system, forex trading signal, forex alerts, forex signal and current trading should be studied in details so that you can trade in the financial markets in the most appropriate way.

In recent years, some forex experts has came up with a hassle free Robot likeAutomated Forex Trading Systems, where any forex newbie, without any forex knowledge will be able to apply this system and relief them of any psychology in the field of forex trading.

Among these experts, they are 3 IT experts who united and created a forex robot that:

a.) grows small forex accounts into tens of thousands of dollars within a couple of months
b.) never lost the deposit since 1999
c.) works fully automated while you sleep!

According to their live trading results with this Automated Forex Systems, the profits grew tremendously.

With more people getting into forex trading, such kind of system would surely gain popularity fast!

Discover the best way to manage your earned money! Visit this blog and find a lot of useful info about forex managed accounts!

A SOLUTION TO CHANGING FOREX MARKET

The Forex market is supported by Forex trading systems. In fact, without these systems, people who delve into the currency exchange would not be where they are without them. The strange thing is, not one Forex trading system in the market has stayed in the market for along because they were flawed and made mistakes. It is unfortunate that the things supposed to be helping with traders are so susceptible to error.

As a response, the Forex traders looked for a Forex trading system that is highly precise and accurate. Seeing the onset of computers doing jobs for people in the modern world such as manufacturing and selling, they have turned to computing as a solution. With this, they hope to introduce a system which is able to do a lot of tasks minus the error, a possibility that traditional Forex systems cannot reach.

More importantly, what is the solution to this problem? One of the computerized systems that have been produced is the Forex MegaDroid. This is a software that answers the longings of several Forex traders for the longest time. It is a multi-tasking program that can do things such as the most precise moment of entry to execute trade to its automatic closing to gain profit.

In 18 days you can expect a profit of 153%! It is fast and simple to install. The best thing is that it has a simple user interface. People with relatively few experiences with programs could definitely get a lot from that. It makes a lot of profits which means you can make thousands of dollars each day. A highly advanced artificial intelligence in the system can adapt to the many changing market conditions.

The traditional Forex system used cannot adapt to other market conditions because it only has one coded algorithm which can accommodate only one market condition. That is its fatal flaw. It is general knowledge that the market conditions change very frequently so without a doubt these systems cannot live long. They quickly become outdated. Forex trading systems implemented in the past cannot comprehend new market conditions because of the market?s highly complex nature.

The Forex MegaDroid solves this problem. It has an advanced artificial intelligence. This gives it the edge of adaptation. Unlike the traditional Forex trading systems, the Forex MegaDroid does not crumble as it fine tunes itself to the demands of the new market. In every moment, second, and minute of the day, the Forex MegaDroid changes with the fluctuations of the market. It does this automatically and at the same time monitoring the situation to close Forex trade at the exact time to avoid loss. It also has the technology of Reverse Correlated Time And Price Analysis (RCTPA), a very advanced system developed by tis cerators.

A lot of people have been very fortunate with the Forex MegaDroid. For a long time, a lot of traders have been wary of the trading systems because of their fragility. The traditional ones cannot cope up with changes in the market. Many have tried numerous systems only to be disappointed. But those who have been disappointed will be really surprised by the changes done by the Forex MegaDroid whenever it encounters a shift in market conditions. With each use of this new technology, traders are able to quadruple their input.

The Forex MegaDroid is also very accessible. Five steps are only needed. You can have your own copy just by downloading it from the Forex MegaDroid official website. With the purchase of this power software, you will be glad. Be a personal witness to the wonders of the Forex MegaDroid.

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PARTNERING WITH CANADIAN FOREX BROKERS

If you wish to tap on bigger market shares in Canada, you may want to consider partnering with Canadian forex brokers. Keep in mind that the forex market is a dynamic business and there are a lot of differences when it comes to currency trading. One of the advantages of getting forex brokers in Canada is that they are usually regulated by the government. They also operate as one group which is why you can get the best experience when it comes to trading through them.

But when looking for a qualified group of forex brokers in Canada, you should also consider the following things:

1. Network and Size of Operations - Most of these groups have websites where you can easily fish out information regarding their background. There are also several sites online which discuss everything about Canadian forex brokers so you can have a glimpse of the people whom you will most likely consider getting in touch with. Check out their client’s page to know which groups or individuals they are still working or have worked with.

2. Are they regulated or not - Forex brokers in Canada are closely tied with the government and other relevant agencies which monitor the progress of their forex industry. It would be a smart decision to consider forex brokers that are regulated because this means that they strictly operate under legal terms. You should also look at their focus of operations, if they are catering to small to medium scale businesses. They may specifically operate according to their coverage of certain industries.

3. Trading platform being offered - These days, there are lots of different trading platforms being used in the forex business. Forex brokers are known to heavily utilize these platforms because it makes it easier for them to build their networks and connections. It also allows them to scan the market effectively. Check if the platform being offered is web-based or purchased software. These can have a bearing on the rates which they will most likely charge you with.

4. Scrutinize packages - Most of these forex brokers will offer premium features such as discounts or even waived fees for a specific duration. Make sure you keep an eye on these things so that you can take advantage of them accordingly. You will be surprised how some forex brokers would be very willing to waive some charges and offer free consultation which can really be helpful if you are new in the foreign currency trading game. Some also allow you to be able to download their forms and applications so that you can closely inspect their work process.

Canadian forex brokers are generally easy to work with. They are professional, reliable, and they know their game when it comes to trading in their specific currency. If you wanted to expand your horizons in forex, then getting their services would be a good investment. Just make sure you affiliate yourself with the right people and that you take a good look at their offered services before signing up with anyone.

For the most recent forex news alerts & updates, there’s no better place to visit but Freshpips.

Remember to stay tuned on who are the best brokers you can count on. Know them through Forex Broker Reviews

WHY I AM SHORT THE EURO

Right now, there is a lot of activity in the FX markets. Traders and Investors worldwide are trying to ascertain which currency is the most sound and stable, and which will produce the best return. For my money, currently, I am short the Euro. While a lot of people are bashing the U.S. Dollar (and believe me, there are plenty of reasons to do so) from an FX standpoint, the dollar appears to be in much better shape than the Euro.

As all currencies trade in pairs, which means that one trades against another, if I am short the Euro, I will be long the USD. Currently the USD is trading about $1.30 to the Euro. This means it costs $1.30 to buy one of the European currency. I am looking for this to fall over the longer term down to what is called “parity” level. This is where $1 USD will buy 1 Euro. That would be a drop of 30 cents– or 3,000 pips.

If you are keeping score at home, that would equal $300.00 at 10 cents/pip, or 30% on a $1,000.00 investment.

However, a larger trader may size his pip to 10.00 each. That would provide a return of $30,000.00. And all we are doing is trading against the disparities between the two currencies.

As with all markets, the FX does not move straight up or down, and there will likely be a lot of bumps in the road between here and parity. But each one offers a new chance to enter as we sell the rallies.

Until next time…Happy Trading!

FOREX TRADING

Being new to FOREX trading? Don’t worry, getting started in FOREX trading is easy and you can always test your skills first in a demo account before you go ‘live’ with real money. To get started in FOREX trading, we have to get to know what FOREX is. For the inexperienced, FOREX trading involves buying and selling the different currencies of the world. A FOREX deal is made when one buys one currency and sells another at the same time. It is always traded in pairs, Euro/USD, CHF/USD, USD/JPYyou get ’short’ in a currency every time to buy another and the profit is made when you buy-low and sell-high.

Facts on FOREX market

FOREX market is the largest trading market in the world. It yields an average turnover of $1.9 trillion daily and the figure is nearly 30 times larger than the total volume of equity trades in United States. FOREX trading is very unique as the trades are done between two counterparts via electronic network or telephone connections. There is no centralized location as stocks or futures markets and trades are done around the clock. Everyday FOREX trade begins when the financial centers in Sydney start their day, and moves around the globe to Tokyo, London, and then New York. Traders can always response to the market regardless of the local time.

Although FOREX trading involves such a big volume of trades nowadays, it is not made available for the publics until year 1998. In the past, the FOREX market was not offered to small speculators or individual traders due to the large minimum business sizes and extremely strict financial requirements. At that time, only banks, big multi-national cooperation and major currency dealers were able to take advantage of the currency exchange market’s extraordinary liquidity and strong trending nature of world’s main currency exchange rates. Only until the late 90s, FOREX brokers are allowed to break huge sized inter-bank units into smaller units and offer these units to individual traders like you and me. Nowadays with the rapid growth of Internet and communications technology, FOREX trading has become one of the hottest make-money-at-home-businesses for those who wish to avoid conventional 9-5 day job.

As a fact in FOREX trading, FOREX is mainly traded in large international bank. According to Wall Street Journal Europe, 73% of the trade volume is covered by the major ten. Deutsche Bank, topping the table, had covered 17% of the total currency trades; followed by UBS in the second and Citi Group in third; taking 12.5% and 7.5% of the market. Other large financial cooperation in the list is HSBC, Barclays, Merril Lynch, J. P. Morgan Chase, Coldman Sachs, ABN Amro, and Morgan Stanley. For market participants segment, approximately half of the transactions done were strictly between dealers (i.e. Bank, or large currency dealer); others are mainly between dealer and non financial institutions.

advantages and disadvantages

Advantages of forex trading

Leverage. Huge leverage is available in Forex trading, often up to 100:1 meaning that large profits can be generated from small margin deposits.

Liquidity. The enormous size and global trading of the forex markets means that the markets in the major currency pairs are very liquid making trade executions almost instant with little slippage.

Ability to go short. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. This means a trader has equal potential to profit in a rising or falling market.

Trends. Fundamentally, the value of a country’s currency is determined by interest rates and the strength of the economy in relation to other countries. Currencies, therefore, have a greater tendency to trend until the fundamentals change.

Disadvantages of forex trading

Leverage. With huge leverage available to forex traders the danger is that positions which carry too much risk for the account size can be taken on, leading to margin calls. Effective money management rules must be adhered to.

Brokers. Retail traders must use a broker rather than dealing directly in the interbank market. The broker will be the counterparty in all transactions and is, effectively, making the market. They can, therefore, widen spreads or even refuse to trade during volatile trading conditions. To avoid dealing with brokers an alternative to forex is to use futures. See online futures trading for more details.

Spreads. As the retail trader must use a broker to trade, they cannot deal at the interbank rates. A broker will generally quote a fixed spread of 3-20 pips depending on the currency pair. The underlying interbank rate might be as little as 1 pip.

Forex is a very large market but for most retail traders dealing with brokers the odds are shifted against them. Online futures trading provides a much more level playing field for most traders who want to take part in forex trading.

Stocks Options Trading

Let’s assume that you want to make some serious money and you have chosen to take things into your own hands rather than depend upon a “professional trader” to make your trading decisions. This is usually only recomended if you can afford to lose the money that you are trading with, and you appreciate the fact that there is much more upside potential with this added risk. In any case, you have decided on 3 stocks that you like and are now at your computer ready to purchase them.

Before you decide to get into the market, you will want to do some research. Determining a good time to get into the stock market is very hard, but it can also be one of the most important decisions you make. When traders get carried away and think too optimistically, the market gets over valued and it is ripe for a downturn. After that downturn is when you want to enter the market. Once believe that time is now, the next step is to sign up for a online brokerage account. Then, you will want to choose at least 3 stocks from different sectors of the stock market. Perhaps you like Genentech- DNA or Phizer - PFE as a drug stock, google - GOOG or intel - INTC as a tech stock, and Exon Mobile - XOM or Valero - VLO as an energy stock.

Then, it’s as simple as entering the symbols for the stocks that you have chosen to invest in and setting a limit price. Or, if you prefer to have your trade placed instantly at the best available price, just make it a market order and it’s even simplier for you. Now, unless you have the time and interest, let your stocks sit for a year or more before you even consider selling them. This way you can avoid short term capital gains tax which can eat into your profits.

Of course, if you prefer a less risky approach consider purchasing a no load mutual fund. You will want to make sure it is a no load mutual fund otherwise you could be charged up to 5% or more by your broker on each trade you make. With all the competetion out there, don’t get sucked into a mutual fund with “hidden fees” like that.

I hope this article has given you an introduction to online investing and will help you.

The 10 Commandments

Wall Street has been preaching for years and years to investors how and where to put their money. The “experts” have put forth these ideas for so long that they seem to be carved in stone just like Moses did with God’s 10 Commandments. The only difference is that what Wall Street preaches is lies that will make you broke.

It will be difficult in this short space to elaborate on them, but please stop and give a long think to all of these commandments.

1. Do research
2. Buy and Hold
3. Dollar Cost Average
4. Diversify
5. Buy a good stock and put it away
6. You can’t afford to be out of the market
7. Never try to time the market
8. Rearrange your portfolio with age
9. Your broker will watch your account
10. The market always comes back

Bankruptcy Tips And Helpful Alternatives

Before you file bankruptcy, it is a good idea to look into other alternatives if at all possible. New bankruptcy laws make it more difficult to file than it used to be.

Why Has Filing For Bankruptcy Doubled?

From the period of 1994 to 2004, filing for bankruptcy has doubled. Bankruptcy filing has spun out of control with consumers being targeted with easy credit. This has become a major cause for bankruptcy cases.

New Bankruptcy Laws?

There is now a new law for bankruptcy that was passed called the “Bankruptcy Abuse Prevention and Consumer Protection Act”. People struggling to pay their credit debts are now going to have to deal with this new bankruptcy law.

Bankruptcy Can Stay On Your Credit Report For 10 Years

Filing for bankruptcy can be on your credit for up to a decade. It’s a good idea to look into alternatives for bankruptcy. Buying anything on credit can be a real challenge for many years after you file bankruptcy.

Alternatives To Filing Bankruptcy

Contacting creditors is an alternative to bankruptcy. Instead of filing for bankruptcy, you work out payment options with your creditors. In many cases they are very willing to work with you. It’s to their advantage to keep you as a customer. The creditors know the alternatives for bankruptcy will bring them more profits if you don’t file for bankruptcy.

Getting a debt consolidation loan is a good alternative for bankruptcy. Financial services can combine all your debts into one loan payment every month. A consolidation loan as an alternative for bankruptcy, can help pay off debts. For bankruptcy consolidation loans, you can shop online for the best terms and rates. Lenders are very competitive to earn your business online.

You may also consider a debt workout for bankruptcy alternatives. With a debt workout, an attorney contacts your creditors and makes arrangements. In most cases the monthly payments will be less than if the credit account was settled in full. For some cases they want the payment in full, but over a longer period of time than originally stated on the credit agreement.

Bankruptcy alternatives are a good idea to consider, before you rush off to file for bankruptcy. If you look into some of these alternatives, at least you will know you tried your best to avoid bankruptcy. Having bankruptcy on your credit report for 10 years can be a long time.

How To Find A Bankruptcy Lawyer?

If you have decided there is no alternative to filing bankruptcy,you may be asking yourself, “how do I find a good bankruptcy lawyer? The best way to find a good bankruptcy lawyer is through referrals. Family members and friends who filed bankruptcy in the past can refer you to a good bankruptcy lawyer. The yellow pages in a phone book is another great place to find reputable bankruptcy lawyers. Another invaluable place to find a good bankruptcy lawyer and services in on the Internet. When you search for a lawyer, try to find a lawyer that deals with your type of bankruptcy. You can get free advice with the first meeting.

Is The Law Firms Bankruptcy Lawyer Experienced?

Find out if your type of bankruptcy case is right for the law firms lawyer. Has the bankruptcy lawyer handled similar cases in the past? Take time to look over the alternatives to bankruptcy with your lawyer. There may be a way out of bankruptcy. A good bankruptcy lawyer can give you free advice on what chapter bankruptcy you should file. Bankruptcy lawyers will have you fill out a bankruptcy evaluation to see what is right for your debt and financial situation. To save yourself from wasted time and frustration, discuss in detail, options available to you with your bankruptcy lawyer.

What Information Will I Need For A Bankruptcy Lawyer?

With your first visit, it’s important to bring everything you can on the first consultation. You will need a list of all the creditors and how much you owe for your bankruptcy lawyer to consider. This includes any insurance, medical bills, auto loans, taxes, student loans and any personal loans. Your bankruptcy lawyer can give you the advice you need with this important information. This will make the filing process easier if you do decide to file bankruptcy.

Copyright 2005 Dean Shainin

Dean Shainin offers online bankruptcy and debt advice at

Ways to Acquire Discipline in Trading

One way to acquire discipline in trading…

“Hey Joe! When you were teaching us at our Forex office in Florida, you stressed discipline. Our head trader stresses discipline. What I want to know is if discipline can be acquired or is it just something you are born with? I’m having trouble finding it in myself.” - trader -

Personally, I believe discipline can be learned, although at times it is very painful. When I began trading, I was a very undisciplined person. But trading and the markets forced me to become disciplined. Was the discipline already there and just needed to be extracted? Or did I actually learn it? I can’t truly be sure.

One of the largest trading firms kept their offices near Yeshivas. A yeshiva is a rabbinical school that produces rabbis of the Jewish religion. The students coming out of the yeshiva were highly disciplined and made excellent traders. Was the discipline innate in those yeshiva students? Or did they learn it under the strict supervision of the rabbis who controlled their lives? I think they learned it.

I’ve mentioned previously that it can help to keep a journal if you want to learn discipline. The journal I kept was very basic and included what trades I made during the day and my reasons for getting into the trade. It is what I did with the journal that helped me to be disciplined. Anyone can make entries into a journal. I let the contents of my journal keep me in line. It became my supervisor. I took to heart what I wrote there. I no longer keep that kind of journal because it has served its purpose in making discipline into a habit in the way I trade.

Buyer Of Structured Annuity Settlement - How To Find the Structured Annuity Buyer That Suits You

Annuities are important and valuable policies for many senior citizens in the USA. Sometimes, however, any one of us may have need to plan for the future differently. Our plans may change, we may require cash fast and decide to sell the annuity or part of it for a large lump of cash.

Annuities are usually paid annually in small amounts and for some people, it may not be enough to support their lifestyle. Many people need cash today to invest in their own business even after retirement, some may have loans to pay off, or many people with good financial standing would rather have a large sum in advance, than having small payments deposited annually. Selling your annuity may give you more leverage for your “future” money, today.

It must be noted that selling your annuity, may have tax implications so it would be wise to have some idea of your situation.

There are a few reputable financial companies on the market that will work with you and based on your situation, provide you with the plan that may suit you best.

Even if you have already decided to sell your annuity, it would be extremely wise to shop around. This point cannot be stressed enough, as many people accept the first offer they come across and think this is the best they can do. Because of the years involved, even a small percentage variation in time periods can mean difference in hundreds of dollars in, or out of your pocket.