Forex currency trading is quickly become the most popular method of investing in a particular global market. Forex trading is basically the buying and selling of currency in order to make a profit, but it is a lot more complex than it actually sounds. An individual must keep up with market trends and strike while the iron is hot to make the most of every peak and trough of each individual currency. There are distinct advantages and benefits for those wishing to take part in global forex trading, and just a few of them are listed below.
Flexibility The main advantage of forex trading is that you can do it as and when you please and thus can fit it around your schedule. This is a distinct advantage of forex simply because many of us live hectic lifestyles and barely have time to eat, let alone sort out our finances. Using the Internet, an individual is able to take part in online forex trading 24 hours a day. There are trading centres all over the world and so there is always a forum for forex trading at any time of day or night. This flexibility means that individuals who may have been unable to trade during set times now how a forum to buy and sell whenever they want without having to watch the market all day for opportunities.
Lower Costs Trading in various commodities and stock markets usually comes at a price. There are certain transaction costs that you have to pay for the privilege of trading. Forex trading brokers do not usually charge commission, and if they do have a set amount it is usually very low. Online forex trading brokers profit from the bid/offer spread rather than the actual transaction fees so there are fewer cost to individual buyers and sellers.
Account Freedom Most forex trading systems offer free accounts to individuals looking to take part in forex trading and then allow them the freedom to do as they please with their accounts. Some accounts do not have minimums and none of them have a minimum trade size. The forex trading software provided by most online forex trading companies allows you to manage your account as you please with no limits on your access This makes forex currency trading a lot more flexible than any other market in the world. It is no wonder that more people are choosing this market over the others!
Constant Movement Another major advantage of online forex trading is that there is always something moving. The events that take place in various countries every day have a knock on effect and thus at least one currency will be fluctuating at any given time. The volume of forex training is higher than in any other market, and this also opens up opportunities. In short, there is no time of any given day or not that there is not an opportunity to be taken advantage of!
The four advantages outlined above are just sample reasons as to why you should consider forex trading if you enjoy investing in various markets. The nature of forex currency trading and the availability of online forex trading make it the most easily accessible service with the lowest costs around. Can you really afford not to take the opportunity?
By: George Simpson
Article Directory: http://www.articledashboard.com
George owns Forex Trading Secrets Revealed which helps people learn Forex Trading
Saturday, June 2, 2007
Day Trading Robot
A day trading robot? Gee Wiz! Sounds like science fiction, right? It did to me just a few years ago. I would have never imagined that such a thing was possible. First of all, I came from a school of thought that believed nothing could be programmed to trade the markets successfully. I strongly believed this and argued with anyone that crossed my path. No automated day trading system could tackle the stock market; impossible! or so I thought. I also said to myself, How could a computer program successfully factor fear and greed [the emotions that move the market] into an equation designed to extract consistent short-term profits from the market each and every day? Well ,
...the bad news is that there really isn't a robot to day trade stocks. Sorry to burst your bubble.
But the good news is that there is one that day trades currencies (you know, the great forex market that I love and have bored you over and over with throughout this website?).
No folks; this is not Forex Made Easy. This is Forex Made Easier - An automated day trading system that NOT ONLY comes with a highly sophisticated set of conditions to enter and exit the market, but one that also pulls the trigger (that is, executes the trades) for you, using proper money management without which day trading is doomed to failure. [If you have not read why I strongly believe that the forex (short for foreign exchange) market is the purest and best market to day trade in the world, go to the currency trading section of this website]. This automated system is also known as Forex Robot or FX Bot (for frequently asked questions about the trading robot, click here).
Yes day trading fans. This day trading robot (or bot) not only finds the trades, it takes advantage of them when it finds them.
When the forex trading robot was presented to me for the first time, it was difficult for me to accept the whole concept. I got to admit, I was pretty skeptical. If the explanation wouldn't have come from the best two money managers and traders I know (and personal friends of mine), I wouldn't have even listened. But after a while, I was sold. You, Dan? Mr. Day Trading Tutor? Telling us that you believe in a day trading robot after writing an endless amount of information about how people could learn how to day trade, how much you believe in day trading, how you have helped day traders in the past, etc., etc.?
Whoa, whoa!!! People, don't get so exited. All of these things are still true. There are people that will learn how to day trade successfully and become successful traders. I am still involved on a very limited basis on the training of some day traders. But there are also many people out there that will never succeed as day traders and others that, after having tried it, will realize that it is not for them.
This is the truth; plain and simple. And even if the day trading robot wouldn't have existed, this would have still been reality. The FX robot is just something extra that I feel can help not just unsuccessful traders, but also investors who can add something different (a new component) to their investment portfolios; and believe me, this is completely different than any investment I have ever seen before.
I created Day Trading Tutor to give you the reality of trading. Well, talking about the trading Bot is an extension of this goal. Since it exists and can help you, I must tell you about it period!
Ladies and gentlemen; I am sorry if I sound really exited about this trading Bot thing so exited it made me that I even became part of it in order to be able to offer it to my clients, friends, and family members (read How are you involved in the day trading Bot and are you doing it just for the money? below. I like to be very clear about the things I say. It makes me sleep peacefully at night. The thing is that I haven't been part of a great project like this for a long, long time. The money managers and traders that designed and monitor the day trading robot on a daily basis have become personal friends of mine in the last few years. They are great guys and exceptional traders. They have been top-ranked in the past in the forex money management industry. I don't like recommending traders or money managers to people, but this is an exception.
The robot program rocks!
By: Dan alvarez
Article Directory: http://www.articledashboard.com
www.geocities.com/daytradingtutor/day-trading-robot.htm
...the bad news is that there really isn't a robot to day trade stocks. Sorry to burst your bubble.
But the good news is that there is one that day trades currencies (you know, the great forex market that I love and have bored you over and over with throughout this website?).
No folks; this is not Forex Made Easy. This is Forex Made Easier - An automated day trading system that NOT ONLY comes with a highly sophisticated set of conditions to enter and exit the market, but one that also pulls the trigger (that is, executes the trades) for you, using proper money management without which day trading is doomed to failure. [If you have not read why I strongly believe that the forex (short for foreign exchange) market is the purest and best market to day trade in the world, go to the currency trading section of this website]. This automated system is also known as Forex Robot or FX Bot (for frequently asked questions about the trading robot, click here).
Yes day trading fans. This day trading robot (or bot) not only finds the trades, it takes advantage of them when it finds them.
When the forex trading robot was presented to me for the first time, it was difficult for me to accept the whole concept. I got to admit, I was pretty skeptical. If the explanation wouldn't have come from the best two money managers and traders I know (and personal friends of mine), I wouldn't have even listened. But after a while, I was sold. You, Dan? Mr. Day Trading Tutor? Telling us that you believe in a day trading robot after writing an endless amount of information about how people could learn how to day trade, how much you believe in day trading, how you have helped day traders in the past, etc., etc.?
Whoa, whoa!!! People, don't get so exited. All of these things are still true. There are people that will learn how to day trade successfully and become successful traders. I am still involved on a very limited basis on the training of some day traders. But there are also many people out there that will never succeed as day traders and others that, after having tried it, will realize that it is not for them.
This is the truth; plain and simple. And even if the day trading robot wouldn't have existed, this would have still been reality. The FX robot is just something extra that I feel can help not just unsuccessful traders, but also investors who can add something different (a new component) to their investment portfolios; and believe me, this is completely different than any investment I have ever seen before.
I created Day Trading Tutor to give you the reality of trading. Well, talking about the trading Bot is an extension of this goal. Since it exists and can help you, I must tell you about it period!
Ladies and gentlemen; I am sorry if I sound really exited about this trading Bot thing so exited it made me that I even became part of it in order to be able to offer it to my clients, friends, and family members (read How are you involved in the day trading Bot and are you doing it just for the money? below. I like to be very clear about the things I say. It makes me sleep peacefully at night. The thing is that I haven't been part of a great project like this for a long, long time. The money managers and traders that designed and monitor the day trading robot on a daily basis have become personal friends of mine in the last few years. They are great guys and exceptional traders. They have been top-ranked in the past in the forex money management industry. I don't like recommending traders or money managers to people, but this is an exception.
The robot program rocks!
By: Dan alvarez
Article Directory: http://www.articledashboard.com
www.geocities.com/daytradingtutor/day-trading-robot.htm
Forex Charts, Forex Trading Systems - No easy way to find Forex Charts and Forex Trading Signals
If you re new to forex, you re going to need forex charts. As you develop your forex trading system, use the demo accounts that many trade brokers provide. They ll generally provide free forex charts as part of their demo forex trading system.
Search the Internet for forex or forex charts. The choices will be a bit overwhelming. You will have to do research to get a good match, both with the forex trading system and the forex charts themselves. You may have to mix and match to get your specialized needs met.
As you refine your skills, you ll find you re more discerning of the tools. And you ll begin to notice more features on the forex charts. The forex trading signals may be quite standard on many sites, but how they integrate the forex trading signals with the forex charts may not function well with your style.
Search and you ll find forex trading signals that fit closely with your requirements. Your forex trading system will become more and more refined with practice. And that s the best way to learn forex practice with a demo account.
Learning the forex charts and the forex trading system of different brokers will be frustrating to start. Work through it, it will be worth it. Don t accept the first one you try. Or even the one your friend uses. Forex trading system and forex charts are very personal. And you re going to be spending a lot of time together. Get comfortable.
The only way to pick a forex trading system and forex charts is to take recommendations and suggestions from articles, trainers and friends. But then make it your own. Find a perfect fit for your forex trading system.
Stephanie Mundle is the managing editor of http://www.MoneyMasteryForum.com an informational forum site for the average investor. Take a look. Information on forex, debt, money management, investing and business.
Come check out the forum at http://www.MoneyMasteryForum.com/forum.html.
Article Source: http://EzineArticles.com/?expert=Stephanie_Mundle
Search the Internet for forex or forex charts. The choices will be a bit overwhelming. You will have to do research to get a good match, both with the forex trading system and the forex charts themselves. You may have to mix and match to get your specialized needs met.
As you refine your skills, you ll find you re more discerning of the tools. And you ll begin to notice more features on the forex charts. The forex trading signals may be quite standard on many sites, but how they integrate the forex trading signals with the forex charts may not function well with your style.
Search and you ll find forex trading signals that fit closely with your requirements. Your forex trading system will become more and more refined with practice. And that s the best way to learn forex practice with a demo account.
Learning the forex charts and the forex trading system of different brokers will be frustrating to start. Work through it, it will be worth it. Don t accept the first one you try. Or even the one your friend uses. Forex trading system and forex charts are very personal. And you re going to be spending a lot of time together. Get comfortable.
The only way to pick a forex trading system and forex charts is to take recommendations and suggestions from articles, trainers and friends. But then make it your own. Find a perfect fit for your forex trading system.
Stephanie Mundle is the managing editor of http://www.MoneyMasteryForum.com an informational forum site for the average investor. Take a look. Information on forex, debt, money management, investing and business.
Come check out the forum at http://www.MoneyMasteryForum.com/forum.html.
Article Source: http://EzineArticles.com/?expert=Stephanie_Mundle
Forex Signal, Forex Signals Advice
There are lot's of Forex signals providers out there. New Forex traders might be thinking of looking for a reliable Forex signals provider. Is there any reliable Forex signals providers available?
Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.
There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers......
Full article available at: http://www.forex.labuan.net/forex-signal.html
Alvin Han is the editor of http://www.forex.labuan.net
Article Source: http://EzineArticles.com/?expert=Alvin_Han
Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.
There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers......
Full article available at: http://www.forex.labuan.net/forex-signal.html
Alvin Han is the editor of http://www.forex.labuan.net
Article Source: http://EzineArticles.com/?expert=Alvin_Han
Learn Forex Trading - In 14 Days These Traders Learned Methods That Made Millions
If you have not heard of the turtles then you will find their story inspiring. They had no experience of trading yet in just 14 days they were taught to trade and went onto become trading legends and make millions.
How did they do it?
If you want to learn forex trading and be successful then their story will point you in the right direction.
The Debate
In 1984, legendary trader Richard Dennis taught a simple technical trend following system to a group of students, to prove that, trading was a skill that could be specifically learned. Dennis was settling a debate with his friend William Eckhardt, who believed successful trading was a skill that was a gift, while Dennis believed it anyone could be taught it.
Who Were The Turtles?
They were all from diverse backgrounds and the only thing they had in common was that they had never traded before. They included a boy fresh out school, a security guard, some professional card players, a bookkeeper and even an actor.
Dennis believed that anyone who wanted to be a successful trader needed to focus on three specific areas:
1. A simple technical system they could understand and have confidence in.
2. A set of money management rules to preserve equity.
3. A discipline to apply their methods through periods of losses without deviating from their system.
In the turtle trading experiment Dennis gave the turtles a simple system and taught them the RIGHT MINDSET to be successful.
A Simple system & money management rules
The system taught was simplicity itself and was designed to be easy to understand easy to apply, yet one the turtles could have complete confidence in. The system was based on breakout methodology, with just a few rules to confirm trading signals, backed up by strict money management rules to preserve equity.
If you want to learn forex trading, you need to understand that your system should be simple. One of the biggest myths of trading is that a complicated system is more likely to succeed than a simple one. In fact, most of the worlds top trading systems are simple and as a general rule, a robust simple system with just a few indicators will beat a more complicated one.
Why?
Because in the brutal world of trading, simple systems are more robust than complicated ones with less elements to break. In trading you don't earn your reward from the effort you put in, you earn it for being right about market direction. With any system you need money management rules and Dennis gave them a simple set of rules that would preserve their equity. The knowledge Dennis gave his pupils gave them confidence which is crucial, in that it leads to discipline.
Discipline
If you are confident and understand a system you will follow it with discipline. Most traders don't have discipline, because they don't have ultimate confidence in their method, as soon as a string of losses occur they throw in the towel. If you don't have the discipline to follow a method, you really have no method in the first place.
What can we learn from the turtles?
Quite simply, that anyone can learn to trade and trading success is within reach of anyone with a willingness to learn and apply what they have learned. You may not make as much money as the turtles, however if you focus on developing a robust method you understand, have confidence in and can apply with discipline, you can be a successful trader.
The turtles worked smart not hard to achieve trading success and their story is inspiring for anyone wishing to learn forex trading.
About the Author
Grab 5 FREE Trader PDF's & Much More
Trade like a pro with our user-friendly multi-lingual online tradingplatforms up to date financial news, real-time market prices, tight pip spreads, built-in risk management system, and 24-hour professional support Http://www.bestonlineforexbroker.com
How did they do it?
If you want to learn forex trading and be successful then their story will point you in the right direction.
The Debate
In 1984, legendary trader Richard Dennis taught a simple technical trend following system to a group of students, to prove that, trading was a skill that could be specifically learned. Dennis was settling a debate with his friend William Eckhardt, who believed successful trading was a skill that was a gift, while Dennis believed it anyone could be taught it.
Who Were The Turtles?
They were all from diverse backgrounds and the only thing they had in common was that they had never traded before. They included a boy fresh out school, a security guard, some professional card players, a bookkeeper and even an actor.
Dennis believed that anyone who wanted to be a successful trader needed to focus on three specific areas:
1. A simple technical system they could understand and have confidence in.
2. A set of money management rules to preserve equity.
3. A discipline to apply their methods through periods of losses without deviating from their system.
In the turtle trading experiment Dennis gave the turtles a simple system and taught them the RIGHT MINDSET to be successful.
A Simple system & money management rules
The system taught was simplicity itself and was designed to be easy to understand easy to apply, yet one the turtles could have complete confidence in. The system was based on breakout methodology, with just a few rules to confirm trading signals, backed up by strict money management rules to preserve equity.
If you want to learn forex trading, you need to understand that your system should be simple. One of the biggest myths of trading is that a complicated system is more likely to succeed than a simple one. In fact, most of the worlds top trading systems are simple and as a general rule, a robust simple system with just a few indicators will beat a more complicated one.
Why?
Because in the brutal world of trading, simple systems are more robust than complicated ones with less elements to break. In trading you don't earn your reward from the effort you put in, you earn it for being right about market direction. With any system you need money management rules and Dennis gave them a simple set of rules that would preserve their equity. The knowledge Dennis gave his pupils gave them confidence which is crucial, in that it leads to discipline.
Discipline
If you are confident and understand a system you will follow it with discipline. Most traders don't have discipline, because they don't have ultimate confidence in their method, as soon as a string of losses occur they throw in the towel. If you don't have the discipline to follow a method, you really have no method in the first place.
What can we learn from the turtles?
Quite simply, that anyone can learn to trade and trading success is within reach of anyone with a willingness to learn and apply what they have learned. You may not make as much money as the turtles, however if you focus on developing a robust method you understand, have confidence in and can apply with discipline, you can be a successful trader.
The turtles worked smart not hard to achieve trading success and their story is inspiring for anyone wishing to learn forex trading.
About the Author
Grab 5 FREE Trader PDF's & Much More
Trade like a pro with our user-friendly multi-lingual online tradingplatforms up to date financial news, real-time market prices, tight pip spreads, built-in risk management system, and 24-hour professional support Http://www.bestonlineforexbroker.com
Forex Software - Choosing the Best
When it comes to forex trading the forex software you choose is essential. There are so many forex trading companies all competing for your business that choosing the right forex software can be quite a difficult task. Most of the forex software products available offers live online forex trading platforms but what other components are vital when it comes to your forex software.
Key Elements For Your Forex Software
Before purchasing any forex software there are a few essential items that should be included. The most important is security and your online forex trading software should include a 128 bit SSL encryption which will prevent hackers from accessing any of your personal details and information such as your account balance, transaction history, etc.
Providing the best security for your forex trading will include a company that provides 24 hour technical server support for your forex software, 24 hour maintenance should anything go wrong, daily backups of all information, and a security system that has been designed to prevent any unauthorized access. Along with these security protocols there are also some forex trading companies that use smart cards and fingerprint scanners to ensure that only their employees can have access to their servers.
Another important factor when it comes to choosing your forex software is to check what the company s downtime is like. When it comes to trading forex and particularly your online forex trading you need to ensure that the forex software you choose is reliable and available 24 hours a day. The forex software you choose for your forex trading should also have technical support available at all times should your session be cut short.
Ensuring that all the above features are listed in the forex software you choose will help to ensure your forex trading success.
We have made the most comprehensive research on forex. Check it out on online forex system best forex online source. All about Forex on http://www.leandernet.com.
Article Source: http://EzineArticles.com/?expert=Oliver_Turner
Key Elements For Your Forex Software
Before purchasing any forex software there are a few essential items that should be included. The most important is security and your online forex trading software should include a 128 bit SSL encryption which will prevent hackers from accessing any of your personal details and information such as your account balance, transaction history, etc.
Providing the best security for your forex trading will include a company that provides 24 hour technical server support for your forex software, 24 hour maintenance should anything go wrong, daily backups of all information, and a security system that has been designed to prevent any unauthorized access. Along with these security protocols there are also some forex trading companies that use smart cards and fingerprint scanners to ensure that only their employees can have access to their servers.
Another important factor when it comes to choosing your forex software is to check what the company s downtime is like. When it comes to trading forex and particularly your online forex trading you need to ensure that the forex software you choose is reliable and available 24 hours a day. The forex software you choose for your forex trading should also have technical support available at all times should your session be cut short.
Ensuring that all the above features are listed in the forex software you choose will help to ensure your forex trading success.
We have made the most comprehensive research on forex. Check it out on online forex system best forex online source. All about Forex on http://www.leandernet.com.
Article Source: http://EzineArticles.com/?expert=Oliver_Turner
Global Forex Trading The Easy Way to Make Money
Global forex trading was founded in 1997 and is today one of the world s leading providers when it comes to forex real time trading. Global forex trading offer you the chance to deal in real time online currency trading that is making millions of forex brokers rich each day.
Global forex trading serves over 100 countries, using its DealBrook FX2 software and 24 hour market access with one of the highest levels of customer service available in the forex trading industry. With Global forex trading forex brokers have access to pricing for more than 60 currency pair and excellent analytical services from renowned experts. There are up to the minute currency news bulletins and advanced forex charts available. Global forex trading boasts that they provide the only forex trading platform that is suitable for both beginners and professionals.
Forex Trading Advantages
The forex trading market is open 24 hours a day and is today the most liquid market in the world. With forex and the available leverage strategy you can use 100 to 1 leverage which in turn reduces the need for large amounts of capital to be placed in your account. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. Another advantage of forex trading is of course the fact that it is global and there are not restrictions placed on shorting which means that you can enjoy your profit opportunities no matter what the market condition.
Prior to reading this information you may have assumed that forex trading was only available for large investors but thanks to Global forex trading smaller transactions are now available which allows all traders to take part giving everyone the opportunity to profit from forex trading. Don t you think it s time you started profiting?
Our mission is to gather all Forex info on one place. Find it only on the Forex trading strategies and info website. All about forex trading on LeanderNet - http://www.leandernet.com
Article Source: http://EzineArticles.com/?expert=Oliver_Turner
Global forex trading serves over 100 countries, using its DealBrook FX2 software and 24 hour market access with one of the highest levels of customer service available in the forex trading industry. With Global forex trading forex brokers have access to pricing for more than 60 currency pair and excellent analytical services from renowned experts. There are up to the minute currency news bulletins and advanced forex charts available. Global forex trading boasts that they provide the only forex trading platform that is suitable for both beginners and professionals.
Forex Trading Advantages
The forex trading market is open 24 hours a day and is today the most liquid market in the world. With forex and the available leverage strategy you can use 100 to 1 leverage which in turn reduces the need for large amounts of capital to be placed in your account. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. Another advantage of forex trading is of course the fact that it is global and there are not restrictions placed on shorting which means that you can enjoy your profit opportunities no matter what the market condition.
Prior to reading this information you may have assumed that forex trading was only available for large investors but thanks to Global forex trading smaller transactions are now available which allows all traders to take part giving everyone the opportunity to profit from forex trading. Don t you think it s time you started profiting?
Our mission is to gather all Forex info on one place. Find it only on the Forex trading strategies and info website. All about forex trading on LeanderNet - http://www.leandernet.com
Article Source: http://EzineArticles.com/?expert=Oliver_Turner
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