About Forex Trade ? An Introduction To Forex Market

October 25, 2011 by  
Filed under Latest News

About Forex Trade ? An Introduction To Forex Market

Forex is an abbreviation of Foreign Currency Exchange. People call it fx or 4x as well. Forex market is all about selling and buying of currencies worldwide. It is getting more and more attention globally with the trading volume of about billion when it is first established up to a whopping trillion today. Let us have a look into more about forex trade.

Forex currency market is setup when the fixed currency exchanges are abolished in early 1970′s. Since then the trading volume is getting higher and higher every year together with the invention of more advance technology. The trading volume grows exponentially when the introduction of Internet hits global level with more and more retail forex brokers open for forex traders to trade forex market.

The trading of forex happens globally hence there is no centralized location to keep track of all the trading volumes at one particular place. The major trading centers are located at Tokyo, Sydney, Hong Kong, Frankfurt, London and New York. Therefore when you look at the forex market hours you will see mainly those few locations opening and closing hours provided by most of the sites.

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Forex is traded in pairs where the strengthening and weakening of the currency is affected by the employment change, home sales, retail sales, interest rates and other important financial attributes. It used to be only the people with certain huge amount of money that can participate in forex trading. The rule changed and we can a lot of forex traders trading to make a fortune out of forex market.

What are currency pairs available for trading? The most liquid currency pairs that most forex traders trade are the currency with US Dollar as base or quote currency. For instance, USDJPY – the US Dollar against the Japanese Yen and EURUSD – the Euro against the US Dollar. EURUSD is currently the most traded pairs internationally with the smallest spread among all other currency pairs. The spread being the difference between the bid and ask price. Forex brokers earn from the spread instead of commission.

There are more to learn about forex trade as there are many terms use in the world of forex market. It is the right time for you to explore the forex market with endless opportunities to get involve in this huge financial market. You can share a piece of the pie if you really know how to trade currency pairs according to the factors that affect the market.

Are you interested to learn how to trade forex? Do you know about the terms use in forex market? There are many more to know where the article above is just the introduction of forex. Forex is a huge market waiting for you to explore, learn and participate. Look at interesting forex market hour – 24 hours. Find out more about forex market and it’s possibility for you to have second income now! Feel free to visit http://www.forexhelpguide.com


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Fibonacci Forex Trading - A Short Introduction To Fibonacci Forex Trading

October 6, 2011 by  
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by hlehto

Fibonacci Forex Trading - A Short Introduction To Fibonacci Forex Trading

Fibonacci Forex Trading

Fibonacci forex trading is the basis of different thriving forex trading institutions that are exhausted by a great total amount of professional forex traders around the world. Trading institutions founded on that “numbers sequence” are so winning that billions of dollars are attained every year by traders following its rules. Fibonacci Forex Trading

Fibonacci was an Italian mathematician and he is best remembered by his world famous Fibonacci sequence, the definition of this sequence is that it’s formed by a series of numbers where each number is the sum of the two preceding numbers; 1, 1, 2, 3, 5, 8, 13 …But in the case of currency trading what is more important for the forex trader is the Fibonacci ratios derived from this sequence of numbers, i.e. .236, .50, .382, .618, etc.

Forex traders can greatly benefit from this mathematical proportions due to the fact that the oscillations observed in forex charts, where prices are visibly changing in an oscillatory pattern, are known to follow Fibonacci ratios very closely as indicators of resistance and support levels; maybe not to the last cent, but so close as to be really amazing.

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Additionaly, one important thing to remember is that Fibonacci analysis is a leading indicator. What this means is that by learning the correct Fibonacci trading tactics and techniques you will know how to determine the most probable turning points in the market before the price gets there. Yes, you can know what the forex market will do in advance! Fibonacci Forex Trading

For example, one of the widely used Fibonacci ratios is the 0.382 ratio. As it can be easily seen on any forex chart, the currency prices are continually changing and they follow an oscillatory pattern with peaks and valleys. The limit of the peak is usually called a resistance level while the valley is usually called a support.

In order to find the 0.382 ratio level what you do is, first; measure the size of the drop or rise over your time of interest. Once you have that value you multiply this by 0.382. Now depending on what you are looking at, a rise or a drop on the price of the particular “currency pair” you are trading, you will add the last value you calculated to the total drop or subtract the value from the total rise. Fibonacci Forex Trading

Once you have the value you can then start planning the strategy you will follow in order to make a high probability profit from this valuable information. For the 0.382 ratio level calculated for a recent rise in the “currency pair” exchange price, your calculated level will be a highly probable support and for the case of a level calculated for a recent drop of the prices your level will be a highly probable resistance. Always want to have financial freedom? Check out Fibonacci Forex Trading Program. It’ll change your Life Forever!

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Introduction To Fx Trading

September 8, 2011 by  
Filed under Latest News


by Tradingrichmom

Introduction To Fx Trading

Hello readers and welcome to the prime feature of Winning Ways In Forex.
The Mission & Vision statement driving this column is to make the balanced knowledge of Forex Trading widespread and easily accessible in our country such that Nigeria will become a profitable forex trading community with over 1 million active traders in the year 2015 with over 100,000 of these making profit of at least ,000 annually.
The approach we are going to adopt in this column is the use of simple methodologies to explain what may seem like difficult terms/concepts of forex.
Forex trading, for the well trained is one of the most profitable home based business in the world today. The daily annual turnover of this “business without borders” is currently estimated at trilion traders, more than 40 times bigger than the transactions in New York Stock Exchange(NYSE) which is the largest stock exchange in the world.
In this column, we will teach forex trading from the foundation to the ground level and then begin to build the super structures that will empower you to become an Advanced Profitable Forex Trader.
Requirements For Trading Forex
For you to trade forex, you must
*Have a computer with internet access. The minimum acceptable speed should be 115kbps as anything below this will not make for good trading. More importantly your Internet Service Provider(ISP) must provide more than fair quality of service for you to do well. Poor quality of service will affect your trading psychology….and as the Mantra goes ‘’psychology is almost everything in forex”
*Good Training and Mentoring. This is the foundation upon which you will build every other structure if you are going to do well in forex trading. The components of the type of education and continuous updates you get are central to your success in forex trading. Market patterns are sort of seasonal and if you don’t understand the different shades of market moves, great money making opportunities will come and go and it will beat your recognition.

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*Open a forex trading account with a reputable forex broker. Before going live, you are expected to have done demo trading for a minimum of 4weeks.More on this in subsequent feature.
*You need to open a foreign currency domiciliary account with an efficient bank for the purpose of transferring and remitting funds from your trading platform/broker.

A PEEP INTO THE MARKET
Forex currencies are traded in pairs, e. g EUR/USD, GBP/USD, USD/CAD, etc. The first currency in the pair is called the base currency and the second currency is called the counter currency. The market quote for any currency pair is usually 2 different values known as the bid(sell) and the ask(bid) rates. The first price in the quote is the selling(bid) price and the second quote is the ask(buy) price. The difference between these 2 values is referred to as the spread and this is the commission your forex broker takes from your account anytime you trade irrespective of your market outcome, whether you lose or win!
If for instance you buy 0.1 lot EUR/USD at 1.5759/1.5762.Your Open Trade in your trading platform will show that you entered the market at 1.5762 and the platform will start reading your market at 1. 5759 with an opening Profit/Loss of -.
Conversely, if you sell 0.1 lot USD/CHF at 1.0345/1.0348, your open trade in your platform will show that you entered the market at 1.0345 and the platform will start reading your market at 1.0348 with an opening P/L of -.

HOW TO REPRESENT PRICE MOVEMENTS IN THE MARKET
Price movements in the market are represented using graphically using lines, bar charts, renko and candlesticks. The most popular means of representing price action in the FX Market is the use of Japanese candlesticks, made even more popular by Legendary Trader and Trainer Steve Nison. This means of representing market price action towers head and shoulders above other means of market representation since “candlesticks are pregnant” and a good understanding of the various types of candlesticks along with other parameters is the passport to great profits in forex trading.
Candlesticks are representative of price action over a specified timeframe, it may be a 5minutes, 10minutes, 15minutes, 30minutes,1hour, daily etc.
When the opening price is lower than the closing price for a specified timeframe, that is a bullish price action and the standard convention for representing such is a white or green candlestick. It also indicates that the base currency is gaining strength against the counter currency and the buyers are winning, ie the market is in a buy mode.
When the opening price is higher than the closing price for a specified time frame, this is a bearish price action and the standard convention for representing such is a red or black candlestick. It also indicates that the base currency is losing strength against the counter currency and that means the market is in a sell mode.

Medical Doctor & Accomplished FX Trader, listed in the FX Traders’ Hall Of Fame(FXCast.com).

CEO, Ephrathah Wealth Limited

Seminar/Conference Speaker,loves Travelling, Golfing& Lawn Tennins


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Introduction To Forex - Basic Introduction To Forex Trading

September 6, 2011 by  
Filed under Latest News


by Tradingrichmom

Introduction To Forex - Basic Introduction To Forex Trading

Introduction To Forex

The FOREX or Foreign Exchange market is not a “place”. Rather, it is the collection of currency traders around the world. One of the primary concerns of any traveler is money. Currency is required to pay for goods and services anywhere in the world. But this doesn’t mean just any currency. Travelers are required in most cases to exchange the currency of their country for the currency of the country in which they are travelling. The same principle occurs on a larger scale between international businesses.

This need to exchange currencies forms the basis of the Forex market, and makes it the biggest financial market in the world (trading the equivalent of around 2 trillion US dollars every day). The exciting thing about the Forex market is that there really is no one central trading location. All transactions occur electronically across the globe at all hours of the day. Introduction To Forex

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Forex Trading Methods:

The spot market. In the spot market, currencies are bought and sold. The price of any given foreign currency depends upon many factors, but is essentially dependent upon supply and demand. Supply and demand are affected by political and economic conditions, interest rates, and speculation on future performance of a particular currency. An actual spot deal is a transaction in which one party hands over a specific amount of one currency, and in return receives a quantity of another currency at an exchange-rate value that both parties agree upon. The idea being that one party or another feels that the currency they are holding will be worth more in a future trade.

Spot trading is the most common form of forex trading, and is the focus of most articles discussing forex trading tactics. Larger entities will also deal in the forwards and futures markets as a way to hedge risks. Forwards and futures are trades that involve contracts with settlement dates… not actual currency.

For investors looking to delve into the world of forex trading, it would be wise to note that the spot market has matured on the back of modern technology. Trades are computerized which makes this a very fast-paced venture. Because of the pace and complexity of this market, the savvy forex traders all use some form of software to manage and maintain their transactions. Introduction To Forex

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OU Forex Trader Pro Product Introduction

March 21, 2011 by  
Filed under Latest News


by FxShell

OU Forex Trader Pro Product Introduction

When a FOREX trader tells you “I had 10 Trades and 10 Wins”, you tell them…

BULL!

Unless it’s a guy with the trading savvy of Forex Joe Atkins. But what’s REALLY interesting is…

This video Joe shot shows a total ‘Blockhead’ uses Joe’s proprietary ForexTrading software to transform from a ‘Professional Loser’ to a consistently profitable Forex trader…

Tap Here NOW to See An Amateur Trade FOREX like a Pro

You’ll see exactly how he used ‘Forex’ Joe’s soon-to-be-released trading system, known now only as ‘Project Tango‘, to go from never winning a trade, to winning 10 in a row, followed by another 8

wins in a row…

It’s a formidable video…Watch it now while it is still online. Look if this guy can get Forex working for him using ‘Forex’ Joe’s personal, proprietary trading software…anyone can.

Tap Here NOW to See An Amateur Trade FOREX like a Pro

Forex Joe Atkins and his team have been working secretly on their Project Tango all the year. OU Forex Trader PRO is the end result. This is the life’s work of a forex mastermind.

OU Forex Trader Pro will be educational Course that answers masses needs in learning how to maneuver in 24/7 .5 Trillion Dollar a day market.

Options University Forex Trader Pro mission:  Become The Educational Portal of Substance for masses, seeking quality mentorship over a 12-month period or quite simple: The Future in Forex Training Today.

Forex Joe Atkins was a Texan Sports Bettor for over two decades. He developed certain sophisticated mathematical formulas, statistical analysis programs and probability algorithms that he used over the years to make a killing in the unpredictable world of sports betting.

A decade back, he discovered forex trading and was amazed at the uncanny similarities between sports betting and currency trading.

Here are some words from ‘Forex’ Joe:

“For over 30 years now, I’ve been a sports-betting “scientist.” Developing highly sophisticated formulas, probability algorithms and statistical analysis programs that have proven to “beat the spread” in just about every sports-betting venue.

When I discovered the Forex in 2001, I began to see similarities in the way the sports-betting market and the Forex market work. I found that many of my mathematical formulas worked “as is” with the Forex, and with a few tweaks to the others in trending markets vs. oscillating markets, they worked as well. I then developed an “exponential growth” bankroll theory for the Forex much like the one that worked so well in the sports betting market.

I then discovered a certain “mathematical flaw” in Forex trading, which I’d obviously like to keep secret for now. But I believe that this “flaw”, along with the correct use of my proprietary Bias and Key Forex Numbers, will create more millionaires in the next decade than from any other financial opportunity in history.”

He is releasing his life’s work, the Ultimate Forex Trading system. He has released a video that shows how a complete blockhead was able to use his Forex Trader PRO system to make 10 winning trades out of 10. Trading with a complicated system can only make you more confused. the more confused you are, the more chances of you making losing trades. the success of any trading system depends on its simplicity.

Watch the videos that explain the OU Forex Trader PRO system.

Tap Here NOW to See An Amateur Trade FOREX like a Pro

Rob Trader - Forex Expert
http://forextraderpro.biz/


Article from articlesbase.com

OU Forex Trader Pro Product Introduction

March 19, 2011 by  
Filed under Latest News

OU Forex Trader Pro Product Introduction

When a FOREX trader tells you “I had 10 Trades and 10 Wins”, you tell them…

BULL!

Unless it’s a guy with the trading savvy of Forex Joe Atkins. But what’s REALLY interesting is…

This video Joe shot shows a total ‘Blockhead’ uses Joe’s proprietary ForexTrading software to transform from a ‘Professional Loser’ to a consistently profitable Forex trader…

Tap Here NOW to See An Amateur Trade FOREX like a Pro

You’ll see exactly how he used ‘Forex’ Joe’s soon-to-be-released trading system, known now only as ‘Project Tango‘, to go from never winning a trade, to winning 10 in a row, followed by another 8

wins in a row…

It’s a formidable video…Watch it now while it is still online. Look if this guy can get Forex working for him using ‘Forex’ Joe’s personal, proprietary trading software…anyone can.

Tap Here NOW to See An Amateur Trade FOREX like a Pro

Forex Joe Atkins and his team have been working secretly on their Project Tango all the year. OU Forex Trader PRO is the end result. This is the life’s work of a forex mastermind.

OU Forex Trader Pro will be educational Course that answers masses needs in learning how to maneuver in 24/7 .5 Trillion Dollar a day market.

Options University Forex Trader Pro mission:  Become The Educational Portal of Substance for masses, seeking quality mentorship over a 12-month period or quite simple: The Future in Forex Training Today.

Forex Joe Atkins was a Texan Sports Bettor for over two decades. He developed certain sophisticated mathematical formulas, statistical analysis programs and probability algorithms that he used over the years to make a killing in the unpredictable world of sports betting.

A decade back, he discovered forex trading and was amazed at the uncanny similarities between sports betting and currency trading.

Here are some words from ‘Forex’ Joe:

“For over 30 years now, I’ve been a sports-betting “scientist.” Developing highly sophisticated formulas, probability algorithms and statistical analysis programs that have proven to “beat the spread” in just about every sports-betting venue.

When I discovered the Forex in 2001, I began to see similarities in the way the sports-betting market and the Forex market work. I found that many of my mathematical formulas worked “as is” with the Forex, and with a few tweaks to the others in trending markets vs. oscillating markets, they worked as well. I then developed an “exponential growth” bankroll theory for the Forex much like the one that worked so well in the sports betting market.

I then discovered a certain “mathematical flaw” in Forex trading, which I’d obviously like to keep secret for now. But I believe that this “flaw”, along with the correct use of my proprietary Bias and Key Forex Numbers, will create more millionaires in the next decade than from any other financial opportunity in history.”

He is releasing his life’s work, the Ultimate Forex Trading system. He has released a video that shows how a complete blockhead was able to use his Forex Trader PRO system to make 10 winning trades out of 10. Trading with a complicated system can only make you more confused. the more confused you are, the more chances of you making losing trades. the success of any trading system depends on its simplicity.

Watch the videos that explain the OU Forex Trader PRO system.

Tap Here NOW to See An Amateur Trade FOREX like a Pro

Rob Trader - Forex Expert
http://forextraderpro.biz/


Article from articlesbase.com

www.onlinetradingmastermind.com As part of the Forex Trading Mastermind project, Stuart McPhee and David Jenyns interviewed forex trader Mark McRae. The interview took place in Mark’s hotel room while he was visiting Australia in August 2008. To watch the complete forex trader interview visit www.onlinetradingmastermind.com

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