Forex Trading With The Kiss Strategy

Posted by Ryanita on Monday, February 16, 2009 , under , , | comments (0)



By Adrian Pablo
Find the right strategy and you will never look back in the world of trading. A great forex trading strategy is what separates the wishful thinkers who dedicate themselves to losing money everyday while the professional and successful traders with the right strategy dedicate their time to making money every trading session.

Forex is not something you should enter without the proper education. The more information you have about what forex is about and how the currency markets behave the closer you will be to becoming a successful trader. And as you already know, that means more money in your pocket.

As you surely know, markets are open the whole day during six days of the week, with the desirable consequence of allowing traders a huge flexibility when it comes to knowing when to enter end exit a trade. Due to the constant buying and selling of currencies in the market, as long as they are kept open the prices will be constantly fluctuating and reacting to the world news and market conditions. All this activity can be easily seen by looking at a forex chart. And is thanks to this fluctuations that traders can have the potential of profitable trades the whole day. Here the secret is, again, to find a successful system with the right strategy.

For example, with the Forex KISS strategy you can easily duplicate your account capital in less than three months without having to worry about losing much money from your account if you apply the rules of the system as you are told to do. Understand how to implement the KISS and you will be kissing good bye to sad losing trading days.
http://www.squidoo.com/forex-training-kiss-strategy

A Beginner's Guide to Forex Trading

Posted by Ryanita on Wednesday, February 4, 2009 , under , | comments (0)



As a newbie, it is your responsibility to learn the basic things about forex trading. You cannot expect someone to guide you in the market unless you hire someone to help you. But more often than not, it will only be you alone. Here's a guide that will help you succeed in forex trading even if you are just at the beginning of your career.

First thing to remember is, Forex markets are in no way scientific. You can never apply science to win in forex trading. No scientific theories can assist you in the forex market simply because determining the price is done by human decision and not based on science.

Second, it is not bad to expect a long lose period. As you start your career in forex trading, of course you will experience some loses. But do not be discouraged, instead, use it as your guide so you won't commit mistakes over and over again.

Third, always remember that forex trading is a risky business. Don't be afraid to take risks or else you will never win. It takes courage to be successful in this business.

Fourth, never believe that you can buy success. Again, nobody can help you win but yourself alone. Don't rely on promises from vendors that they can make you rich- they don't. They would only let you believe that you can earn huge amount of money. Do not be deceived by their advertisements easily. Always look for the good brands.

Lastly, forex trading is simple, thus what you need is a simple forex strategy to help you win at forex trading.

Article Source: http://EzineArticles.com/?expert=Timothy_Stevens

Choosing a Good Online Forex Trading System For Long Term Profits

Posted by Ryanita on Monday, February 2, 2009 , under , | comments (0)



he innovation of technology and the boom of the Internet paved way for the forex trading system online to knock at the doors of people who wants to become a forex trader. Today, every forex trader can easily manage their funds and can target a 30% to 50% of annual growth. This is due to the benefits offered the by the system. For you to be able to choose the right online forex trading system, you need to consider the advantages of the system that you are eying for.

The first thing that you need to consider is the effect of the forex trend to your emotions. Most traders loose because they do not have control over their emotions. A good forex trading system will give you discipline for you to be able to gain more rather than loose more. Secondly, you need to take note of the ability of the trading system to follow the currency trend. The currency reflects the condition of the economy, so make sure that the system you are about to use has the ability to run through the trends. And lastly, the system must be a time system. This means that the system must be automated. This will allow you to simply take the signals and give it to the brokers.

A good online forex trading system can help you earn long term gains. That is why you have to take some time in picking out the best system out there that will help you become a good forex trader.

Article Source: http://EzineArticles.com/?expert=Timothy_Stevens

Online Forex Trading Systems

Posted by Ryanita on Saturday, January 31, 2009 , under , | comments (0)



Now, you can trade in stocks, shares, and currencies online sitting in the comfort of your home.
Another factor that has contributed greatly to the success of online trading services is that banking and money transfer systems have also become available online.

The result is that online forex trading services providers, or brokers, have been able to expand their customer base and also their profits. These companies advertise their services through the Internet, and customers living at distant places can contact them. The services of these companies also include providing online training to the customers. For this, they provide e-books that contain detailed instructions about forex trading.

The customers are supposed to purchase and sell the currencies as if they were actually trading in the real-time market. Some online forex trading service providers also have specialized software that can train the customers, who can then choose sale and purchase strategies.

Online FOREX Trading – Become a Successful Forex Trader in Two Weeks!

Posted by Ryanita on Thursday, January 29, 2009 , under , , | comments (0)



Executive summary by Sacha Tarkovsky

One of the most inspiring stories I ever read, was how legendary trader Richard Dennis taught 14 people who had never traded before, to trade successfully in just two weeks.

Richard Dennis taught them three major points:
1. A simple method they could have confidence in.
2. Money management.
3. Applying the method with discipline.

1. Method
You should be using a long term trend following methodology looking for the big trends that produce the big profits and breakout trading is ideal for this.
If you want to win at online forex trading, you need to know about breakouts.

2. Money Management
If you start with a “breakout method” and base your trading method on it, then stop placement is obvious.
If you only trade significant breaks your odds of success will be high.

3. Discipline
Is perhaps the hardest part of trading online forex.
You need to apply your method with rigid discipline otherwise you have no method at all.

Discipline is all about experience and even seasoned traders find it hard to keep executing a method when a string of losses occur.

1. Market Wizards and The New Market Wizards ( edit )
2. Trader Vic

A true trading legend, who shares with us his thoughts on trading, money management and trading psychology, a fantastic all round book.
Trading is Simple, yet people try and complicate it.

Work smart not hard!

Online Forex Trading Reviews

Posted by Ryanita on Tuesday, January 27, 2009 , under , | comments (0)



Executive summary by josh riverside

Online Forex trading is a business of risk. It is only wise to choose your online Forex platform providers and brokers with utmost care. What you need to do is consult online Forex trading reviews. Here, you will have access to actual assessments from small investors themselves, accurate evaluations from expert financial institutions, and helpful comparisons based on key market indicators.

Benefits of Consulting Reviews

Many reviews are written by veterans in the currency trading industry - people who have traded successfully for years. Online Forex trading reviews allow you to compare and contrast brokers, so that you can find one that is willing to handle your investment the way you want it handled. Finally, online Forex trading reviews give you access to the opinions of investors themselves, big or small.

ISO 4217 in Forex Trading

Posted by Ryanita on Friday, January 23, 2009 , under , | comments (0)



by Dwi hermawanto

ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO).
The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes (which are similar to those used for national top-level domains on the internet) and the third is usually the initial of the currency itself. So Japan's currency code becomes JPY—JP for Japan and Y for yen. This eliminates the problem caused by the names dollar, franc and pound being used in dozens of different countries, all with wildly differing values.

The standard also defines the relationship between the major currency unit and any minor currency unit. Often, the minor currency unit has a value that is 1/100 of the major unit, but 1/10 or 1/1000 are also common. Some currencies do not have any minor currency unit at all. Mauritania does not use a decimal division of units, setting 1 ouguiya (UM) = 5 khoums, and Madagascar has 1 ariary = 5 iraimbilanja.

ISO 4217 includes codes for not only currencies, but also codes for precious metals (gold, silver, palladium and platinum; normally measured in troy ounces) and certain other entities used in international finance, e.g. Special Drawing Rights. There are also special codes allocated for testing purposes (XTS), and to indicate no currency transactions (XXX). These codes all begin with the letter "X". ISO 3166 never assigns country codes beginning with "X", so ISO 4217 can use "X" codes for non-country-specific currencies without risk of clashing with future country codes.

Supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO are normally also represented by codes beginning with an "X". However, the Euro is represented by the code EUR; although EU is not an ISO 3166-1 country code, it was used anyway, and in order to do so EU was added to the ISO 3166-1 reserved codes list to represent the European Union. The predecessor to the Euro, the European Currency Unit, had the code XEU.

Forex - Can You Make Some Quick Money?

Posted by Ryanita on Friday, January 16, 2009 , under , | comments (0)



Forex Currency Trading - Can You Make Money Out of It?

Executive summary By: Anthono Dhamster
If you're reading this you've already heard of Forex Currency Trading. Firstly, Forex Currency Trading is NOT about going to the bank every couple of days and changing money for another currency. The most common home setup involves the use of Forex Trading Software, often known as Expert Advisor software. This software sits on your machine and connects via your internet connection to an MT4 account provider. Basically, an MT4 account is like a bank account, but one that gives you access to trade Forex.

The latest software is known as Autopilot Trading Software - basically this is software that trades the market for you.
Well, the software has been "trained" on how a particular currency pair operates (a currency pair is something like the USD / JPY or USD / Euro). It may sound a little risky trusting in a machine, but most good software gives you the opportunity to operate in a test environment where you use "invisible cash" to practice the trading. When you're ready, you then start the proper trading.

Forex - You Make Some Quick Money?

Can you, as a smaller investor, make some quick money trading on the Forex? One of the perceptions among smaller speculators is that the Forex offers an easy way to make money quickly. Even before beginning to develop knowledge of how to trade and what trading strategies to adopt, understanding a few basics is in order,. Unlike other markets (i.e. stock exchanges, etc.) the currency exchange market does not have a central, physical location for conducting trades. Trading is carried on directly between banks, foreign currency dealers and foreign investors using computer terminals, telephones and broker desks. Thus, foreign exchange trading is over the counter.

Indeed, most currency exchange trading takes place online. Trading may be conducted 24 hours a day from anywhere worldwide. Beyond anything else, if you are a beginner, it absolutely critical that you refrain from serious trading until you have gained sufficient confidence by paper trading in a demo account. With a demo account, a new investor can practice making trades for a period of time before seriously dipping into the hectic arena of currency trading.

Another cautious way of approaching the Forex market is to avail your self of a mini-account offered by many brokers. Craft your own Forex strategies with an expert and trade solely on your own or through a licensed broker. Yes, you can make money quickly in the Forex market. Trading goes on 24 hours a day in this highly accessible, highly liquid market. Probe the accumulated knowledge base in much greater depth using online broker services, free tutorials and demo accounts which will provide you the foundation you need to make quick money trading on the Forex.

Reasons You Have To Start Forex Trading

Posted by Ryanita on Wednesday, January 14, 2009 , under , | comments (0)



Three Forex Trading Systems and the Reasons Why They Outclass All the Competition

Executive summary about Forex Basics: An introduction By William Alheim Jr

As with most aspects of our lives, some products are better than others and Forex trading systems are no different. I have researched, tested and reviewed virtually every software product that has ever been introduced. The three that I believe out shine all the others by a large margin are named Forex Turbo, Supra Forex and Forex Funnel. If you going to invest in a system, why not invest in the best there are.

There are over one hundred Forex trading systems on the market today. When you start reviewing these products your head is going to start spinning with the marketing material you will be introduced to. I know, this is my job, purchasing, testing and reviewing each of these currency trading systems and when I start reading the advertising material I can easily see how deciding which system is the best would be very confusing.

Five Reasons You Have To Start Forex Trading

Executive summary about Forex Basics: An introduction By Mike Singh
Why should you consider foreign exchange, or forex trading? The forex market is the largest in the world. It is larger than the U.S. stock market, and has a daily trading volume larger than all the world's stock markets combined. If the idea of trading on the stock market is intimidating, you're not alone. Trading on the forex market, in contrast, is much simpler. There are a number of online options for trading foreign exchange, so you'll need to conduct some research to determine the best choice for you. Conducting a simple Google search on forex trading will yield many results, so review and choose carefully.

Many trading options are available for a small investment, some as low as a few hundred dollars. To trade in the forex market, you need to determine your risk limit, and not invest above that amount. Forex trading is a good way to enter the trading market.

While trading on the forex market takes some research, skill, and a bit of luck, it is possible to make money. Trading on the forex market also offers you more leverage than in other markets. You can make trades at any time of the day, which gives you much more control than if you are operating in the traditional stock market. The advantages of real-time trading are advantageous in that traders have a much better understanding of their investments. If you're interested in trading on the forex market, do your research. Many trading companies provide free information online.

Forex Trading Concept

Posted by Ryanita on Sunday, January 11, 2009 , under , , | comments (0)



Forex Trading Concept
Executive summary about Forex Basics: An introduction By: Yudi Hariyanto

The foreign exchange market (FOREX) is the largest financial market in the world, with a volume of over $1.3 trillion daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location, no central exchange.

Forex Trading Advantages

A 24-hour market - A trader may take advantage of all profitable market conditions at any time. Uncorrelated to the stock market - A trader in the Forex market involves selling or buying one currency against another. Thus, there is no correlation between the foreign currency market and the stock market. Bull market or a bear market for a currency is defined in terms of the outlook for its relative value against other currencies. Conversely, if the outlook is pessimistic, we have a bull market for other currencies and traders take profits by selling the currency against other currencies. Inter-bank market - The backbone of the Forex market consists of a global network of dealers. The Forex market operates in a manner similar to the way the NASDAQ market in the United States operates, thus it is also referred to as an over the counter ( OTC ) market.

Forex Basics: An introduction

The Foreign Exchange Market or known as FOREX is a world wide market for buying and selling currencies. Forex (currency Exchange) in the simple term is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).

Forex market handles a huge volume of transactions 24 hours a day, 5 days a week. There are two reasons to buy and sell currencies.

2. The other 95% is trading for profit, or speculation.

Even small changes can result in substantial profits because of the large amount of money involved in forex market. The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.

Forex trading is a really A true 24-hour market. Some advantages trading in FOREX.

• Investment in forex market is very liquid because of its size (very big volume). International banks are continuously providing bid and ask offers. The high number of transactions each day means there is always a buyer or a seller for any currency.
• The market is open 24 hours a day, 5 days a week and can be accessed anywhere. Trades can be done on the Internet from your home or office.
• It is an Open Market. Currency fluctuations are usually caused by changes in national economies.

Forex Basics: How to start Your trading

Posted by Ryanita on Tuesday, January 6, 2009 , under , , , | comments (0)



Everybody must have known about forex (currency exchange) market and advantages that offers. To start and try, there’s some tips about basics in forex and tell what you need to join in this challenge market.

Trade forex Learning
Before 1980’s, only large players such as banks and multi national corporations were permitted in the forex market. But after that, there are revisions that allow small investors to participate using ‘margin account’. This one makes forex trading has become so popular because with margin account 100:1, with a $1000 investment you can control $100000.

However forex is not an easy thing and you need to learn to make prudent investment decisions. Learn the risks that involved in and find out as much as possible about the forex market are a good step for any beginner before start trading in Forex. Also don’t forget to set up your mentality.

FOREX traders usually require a broker to handle transactions. Most brokers are reputable and are associated with large financial institutions such as banks. A reputable forex broker will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

To open an account in forex is very simple. You just need to fill out a form and provide the necessary ID. The form will include a margin account agreement which states that the broker can interfere with any trade it deems to be too risky. This is to protect the interests of the forex broker – most trades, after all, are done using the broker's money. Once your account has been established, you can fund it and begin trading.

Many brokers have different types of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as little as $250, while standard accounts may have a minimum deposit of $1000 to $2500 depending on the broker. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.

HOWEVER – beginner traders are advised to get familiar with FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are provided by most FOREX brokers.
Most online brokers have demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.

Each broker has their own set of software tools to aid in making transactions, but there are a few tools that are common to all FOREX brokers. Real time quotes, news feeds, technical analysescharts, and profit and loss analyses are some of the features you should expect to see on most online brokers' web sites. and Almost every forex broker operates on the Internet. To access their online services you should have a reasonably modern computer, a fast internet connection, and an up to date operating system such as Windows XP. Once your forex account is set up, you can access it from any computer – just enter your account name and password. If for some reason you are not able get access to a computer, most brokers will allow you to make trades over the phone.

Forex Trading are commission free, means that you can make many trades in one day without worrying about gaining high brokerage fees. Brokers make their money on the 'spread' – the difference between bids and ask prices.
Review by Yudi Hariyanto