Wednesday, February 23, 2011

Day Trading

                     Day trading with the foreign exchange market is in some ways vastly different to that in other markets, in addition to which, day trading in the currencies market does not suffer from the unpleasant connotation that may spring to mind when one thinks of such things with relation to the stock market.
That said, if you have previously traded in other markets, then many items styles utilized in forex such as forwards,features, options, spread betting, contracts for difference and also the spotmarket are very similar to those used in the equity markets, and often maintain a minimum trade sizes for the base currencies.
It is worth noting however that day trading, being a fast moving, highly challenging trading style may not be for everyone. Should decide that day trading is for you, then there are also many different styles and variations of day trading with the currency market that you may wish to sample before choosing the form that feels right for you, or maybe you will prefer to utilize a series of styles.
The best way to learn the day trading styles with regards to forex markets is the same as in learning and perfecting any other trading style, or indeed other skill; by practice.
Talking to you forex trading mentor and other experienced day traders to see what styles have worked best for them over the years, ask for any hints, tips and techniques that may be of benefit and try them out before making the definitive choice of which style will be right for you.

Forex - a big illusion?

                     I've been wondering - have you ever met anyone personally who actually made money of forex? And I mean someone real and impartial. I do NOT mean some random guy over the internet or a blogger, and also not a broker with an interest in your funds or a guy who wants you to buy his book. I mean someone you know personally and can verify he's not full of it (bs of course, not money).
My broker who also taught me to trade always tells me of some client of his that got the hang of it or some junior broker in his firm that knows the business, yet I keep asking myself - if he personally or his junior broker knows how to make money from forex, why oh why is he still working at an office job? I mean, give me a system that works just 40% of the time and I'll be a millionaire in a year and a half, I'll quit my job and start developing hobbies. But here's something I will NOT be doing - sitting at an office wasting energy and nerves trying to convince potential clientele how they can make money if they are well educated, disciplined and careful, etc. etc..
I enjoy cruising the demo but risking my real hard earned money? Not sure 'bout that at all.

Now personally I met someone who became a millionaire from a 3000$ account in less than two years, but he was trading stocks and he was a genius (a lucky one at that). As for forex, everyone likes to talk big and mention strategies that work 70% of the time, but it just smells like bigfoot sightings to me - everyone knows someone who saw one, heck, there are even self proclaimed bigfoot experts, but no one actually saw a bigfoot himself.

Tuesday, February 22, 2011

Country: Consumer Confidence Rises

                    Americans are feeling better about their personal finances this month than they were a year ago.
The Country Financial Security Index increased to 63.7 in August, up from 62.8 in August 2009, according to Country Financial, Bloomington, Ill.
The index is based on a national telephone survey of about 3,000 Americans.
Country Financial began publishing index figures in February 2007.
Confidence in ability to set aside money for savings or investments fell to 54%, from 57%, even though the percentage of participants who described their financial security as good or excellent rose to 39%, from 35%.
Confidence in ability to pay off debt held steady at 76%.

Scalping Forex: Forex Country Interest Charts

                 Forex brokers detested this trading software as it is factually sucking all of their money down the drain.  Forex Megadroid can perform as a genuine trader with the help of the artificial intelligence.  Fifteen years before, when the first trading software was released in the market, it was a whole hit for all of the traders.  In the upcoming years, might be some way better trading systems will come into sight and will demolish the repute of Megadroid.  What this does is helps the robot make trades in the present by quickly working out years of similar looking market conditions in the past.  

Now the indicator of Forex Mega Droid and why it is making such hype is the proven fact that the programme is the 1st Forex robot to have AI ( AI ).  Before jumping in I suggest learning a bit more about the programme.  This, for me, is the best question worth asking if you're about to get something, you actually need to know whether it has the ability to return your investment and will provide a stable flow of income.  Megadroid offers a 60-day refund guarantee that gives you a right to demand for a repayment whenever you are not satisfied with its performance.  Forex MegaDroid is an automatic trading system developed by two foreign exchange veterans, Albert Perrie & John Grace.  

RCTPA is an incredible algorithm that enables you to make very rewarding trading choices.  Mega Droid is an exception to this rule, because RCTPA enables it to stay worthwhile just about indefinitely.  No matter how effective or reliable Mega Droid is, to be on the safe side it'd be a good idea to test it on a demo account first.  This allows the robot to literally "see" the future of the market trend, and so be ready to make accurate decisions and execute effective methods.  They have also added that MegaDroid gave them 95% profitable trades and 800% return of investment.  The whole system of trading is beginning to become more of an automatic process and doesn't need trading talents any more.  There is a number of Forex software which work all alone and does not need the supervision of trader.  

Unlike any other Forex androids, it is able to work and perform well in changing market conditions as well . Forex Megadroid only takes 2-4 hours to perform analysis on the market patterns and forecast the future market trends with great accuracy.  When you have this robot it your hand, you can trade without trouble and win trading sessions confidently.  Before it was released by John Grace and Albert Perrie in the market, it was first evaluated by them personally for eight years.  With its wish to deliver results with great precision the Megadroid will never enter big scale trades without your authorization.  Always remember that your trading robot should match your trading style, because if not, you'll never be pleased with its performance.  

You will be able to determine the efficacy of your intention and then put it into action.  Any freshly introduced technology mainly in terms of business is expected to get gloomy reply in its initial stage of signifying its worth.  Since it began live trading, they have expected 2000% rise in profits before the year comes to a conclusion.  RCTPA performs its execution consent on figuring out previous market executions and plans its self using preceding data collected to trade more accurately at the present market trend condition.  Megadroid is the 1st trading robot to use the RCTPA or the Reverse Correlated Time and Price research.  According to most users, this feature is also answerable for the capability of Megadroid to supply results with an excellent precision of 95%.  Reading all of these data needs time, but rest assured that it's going to be the best call a trading robot can make.  

The inventors of this automaton are 2 experienced traders, Albert Perrie and John Grace, having 42 years of mixed knowledge in the foreign exchange market.  An added virtue of this system is that it suggests a list of brokers that allow you to open a live account with only one buck, so Forex Megadroid can turn out to be a handy asset.  It was realized by two trade geniuses that the past market information, trends and patterns can be employed to predict future trends.  They thought to use this as the foundation theme and concept to develop a Forex robot which they named Forex Megadroid.  The majority of the traders in the Forex market do not which Forex robot best suits their wants and what should they decide for?  The intelligence system of Forex Megadroid, which can be called as the brain of any robot, was designed and developed by John Grace and Albert Perrie.  Many individuals get disillusioned at the things they needed to discover first, since a large amount of this comprises analytical judgments.

world forex

Our World Forex services include the following:  
  • New! Our online notification allows you to set limits for foreign currency rates. A SMS alert is sent once the limit is reached, allowing you to buy foreign exchange at the best rate.
  • Live foreign exchange rates and graphs allows you to follow ZAR movement against major currencies. Foreign Exchange rates are updated every 30 seconds.
  • Our competitive foreign exchange rates and charges allow you to save between 0.5% and 1.0% on your foreign exchange turnover. 
  • World Forex processes both Spot and FEC (Forward Exchange Contracts) transactions for all the major foreign currencies.
  • Our World Forex online system completes all the Reserve Bank forms for you automatically- no errors!
  • World Forex provides detailed quotations for foreign exchange payments online
  • Our World Forex online system keeps all your foreign currency transaction records for at least 5 years.
  • All foreign exchange transactions are processed within 2 working days.
  • World Forex collects and delivers your import/export documentation wherever you are in South Africa, saving you time and money.

Wednesday, February 16, 2011

Top Forex Robot Reviews 2010

Candlesticks Made Easy:

                If you want to increase your forex trading, and profitability in the market, then this article will definitely help you. This article is very constructive for discouraged forex traders. This article is very helpful if you want to earn profit in less than half an hour with almost no effort. This will be very helpful for expert as well as new forex traders. I assure you that you will not find such a useful product any where else.

The market conditions never remain stable. There are ups and downs all the time in the market shares. In order to overcome this problem, you need to remain disciplined, and follow our tips and use our product called Forex Candlesticks.
Entering and exiting the market at the exact time is necessary. The traders usually wait for the right time to enter the market in order to earn more profit e.g they want to sell their products at the time when the market rates touché the sky. The forex traders who use Forex Candlesticks know how to tackle and overcome business problems, and to improve their business and earn more profit. Most traders do not know when to enter the market, the Forex Candlesticks will guide you in getting you out of this dilemma.

4X Made Easy

Greetings!

                  I enjoy watching/listening to all the late night infomercials regardless of the topic. I am usually trying to review or solve some business challenge and like a little noise in the background. Having watched so many of these shows I always figured I wouldn't waste my time going to seminars etc. Well you know eventually even the smartest fish eventually gets hooked. I found a hole in my schedule and my wife and I went to a St Louis hotel to check out 4x Made Easy. It all sounded swell - boatloads of cash to be made. Sure there was risk but you have to risk a little to get a lot--right? Really I didn't think the base cost of the software was all that out of line. I have developed and sold software and didn't think it was outrageous. I got a little skeptical though when I saw the costs and fees structures of "those little extras." Come on, $1500 for a couple of DVD's, one day of free training, then $1000+ after that? The local "made it big time" success story wove a heartrenching tale of rags to riches. He had a nice job in aerospace, got laid off, sunk his last $3000 and in a few weeks could buy the aerospace company three times over. That's what did it for me. Afterwards I made idle chat with him and got him to open up a little. He admitted that it is more than a few minutes a day, that the success rate is based on the amount of knowledge and time you put in. I asked him if anyone else from the "area club" was available to speak to with. Well, he'd have to have them get back to me because he wasn't comfortable giving out personal info--fair enough. By the way, I never heard from anyone. I understand the forex market and looked at the software as a tool rather than an automaton that just generates cash. In my research I find many nebulous testimonials, etc. but no one to really come forward en masse--read more than (2) people with legitmate names and addresses (usually Bill P., Trenton, NJ or Miriam D., Scottsdale, AZ). I saw a thread from back in June from someone asking about anyone's experience and would like to ask it again--does anyone have real documented success or failure with this system? I tracked down a FOX 31 Newscast archive segment that showed that the people and State Attorney General of Colorado don't think much of Global Tech the parent company of the software. The name seems kind of sinister and I had to laugh becuase I think these guys actually developed the WYSE software which is a respectable oft used stock analyzer. Anyway if anyone has thoughts I'd love to hear from you. ;)

PS These guys have their spiel down pat. I think every psychology/sociology student ought to go to one of these seminars. They know how to hit every button to get you to buy. If you go in and pay attention it is really very interesting how they can appeal to several socio-economic and cultural backgrounds in three sentences or less.

Forex Trading Review

Hi There!
I have set up this website to help forex traders (or prospective forex traders) choose the best strategies to make consistent profits by having a look through our forex trading reviews.
If you are like me you already trade or want to trade forex because you know there is good money to be made. The problem is that there are so many strategies available on the internet, and I reckon probably only 10% of them are truly profitable. The rest are scams.
Maybe you have been burnt by "too good to be true" fairytale strategies. I know I have!
I buy 4-5 new forex trading strategies every month, but will only review the "real" ones on this site. So if it is reviewed here, you know you can get it if it suits your trading style.
Suits your trading style? What am I talking about?
I would generally break down forex strategies into 3 main categories:
  1. Automatic hands-off trading strategies, mostly through using Metatrader expert advisors.
  2. Manual strategies with help from a specific set of indicators.
  3. Purely price driven manual strategies (no indicators).
Now each of these categories can then be broken down into:
  • Daily Trading - making one or more trades at the end of each day, based on daily candles.
  • Day Trading - shorter term trading, with trades usually lasting 1 hour to 1 day.
  • Scalping - very short term trades, with trades lasting from a couple of minutes to 2 hours.
There are more categories like swing trading for instance, but these are the ones I use.
Here is an excellent Daily strategy taking only a few minutes a day, one that I am currently trading (the website looks ugly, but the strategy guide is excellent!):

Monday, February 14, 2011

Fidelity – Enabling Online Forex Trading Worldwide

Fidelity Finances is a rapidly expanding Forex Broker who is making its presence felt globally through its vast number of clients enabling wider range of online forex trading. Utilizing the latest technologies, Fidelity Finances enables its clients to trade currencies online and provides them with the best tools available in the online trading market. Fidelity had eased forex trading through Fidelity’s online trading platform Fidelity Trader.

Fidelity Finance Corporation is made up of highly qualified team of investment professionals who have put years of experience with the leading financial and investment firms hailing from different parts of the world, to manage the day to day affairs, in order to maintain its work culture

Welcome to Forex Trading in India

            Forex Trading is relatively new to India. Onlien currency Trading or Online Forex Trading is a big business around the globe with millions of people and instituitions trading more than 3 Trillion Dollars a day! Indian Governement allowed resident Indians and institutions to trade in Forex in 2009. since then thousands of investors all over india especially stock market traders from Mumbai, New Delhi, Chennai, Hyderabad, Kolkata, Ahmedabad, Surat, Rajkot, Baroda, Bangalore and other cities have been actively involved in Online Forex Trading. SEBI regulated forex brokers offer trading in Indian Rupee against USD, JPY, Euro and GBP.
Forexveda India Limited was set up to service online forex traders around the globe much before Indians learnt about Forex Trading. Till 2009 company was giving advisory service and Fund management service to forex traders in other countries and since 2010 we are servicing Indian clients too. CEO of Forexveda is perhaps the most expereinced forex trader in India with more than 13 years of experience in Currency Trading to his credit.

API Trading

                For traders interested in utilizing an automated trading system or developing their own black box strategy, FOREX.com supports fully automated trade execution via a proprietary API.
The API provides users with the ability to receive a real-time rate feed, submit trade requests, set and modify orders, and receive automated confirmations of trade activity.
For qualified users, we provide a testing environment that enables developers to "paper trade" and test their systems in real time before using the API in a production environment with actual funds.
FOREX.com's API is a true standards-based XML interface that can be programmed in any network accessible language, from Perl-script to C++, Excel Macro to VB.NET managed code. The API is comprised of two separate technologies:
Rate Data Interface
Rate data represents the tradable prices published to the client. For this role we use a direct TCP/IP socket interface to the price publication system. To assist with programming in Visual Studio.NET and JAVA, we provide native components that handle the connection and link management. Each component creates events through delegates or call backs as appropriate.
Trading Functions
The trading functions are initiated by the client in the form of a request. This logic is implemented using Web Services; an XML based SOAP interface that uses HTTP as its transport. Web Services have become the de-facto B2B protocol of choice through their ease of use and cross-platform portability.
For those clients looking to automate their strategy signals generated from scripting languages such as eSignal's Formula Script or TradeStation's EasyLanguage®, please click here.
The API is available free-of-charge to FOREX.com live trading clients. We allow interested parties to register and access our API User Forum. Qualified developers have the ability to test the API with no up front monetary investment.

forex science

                       The Forex market is the largest in the world, dwarfing even the NYSE multiple times over, and creating exciting opportunities to harvest rich profits every day.
Forex-Science was founded in 2001 and is dedicated to providing new and experienced traders with exceptionally profitable Forex trading systems, alerts and mentoring.
Over the past decade I have managed an eight figure fund, traded Forex for an international bank, and taught thousands of Forex traders around the world. I have also researched and developed several powerful trading systems, including the well-known G7 swing trading system, being used by hundreds of Forex and stock traders today.
I provide Forex traders of all experience levels a variety of short term, swing and long term systems. I also provide teaching, mentoring and live trade alerts.
Take some time to browse through the services on the right of the screen, and please don’t hesitate to contact me by email if you have any questions about Forex trading, brokers or my Forex services and systems

Welcome to Forex

                       The Foreign Exchange Market also known as Forex or Fx or Currency market is the Largest and the most active Market in the World. Largest because of the volume (More than 2 Trillion Dollars per day!) and active because it's a 24 hours market. Most of the trading takes place through Electronic Broking System also called as 'Robot' At any given time, in some part of the world, foreign exchange is traded.
Few years ago foreign exchange trading was limited to banks and other Large Financial Institutions. In this electronic age, any individual can do online trading with the help of computer and Internet. Almost all Banks, Hedge funds, Pensions funds, Mutual funds are involved in foreign exchange trading. Money can be made whether a currency is gaining in value or loosing it's value.
Currencies are always quoted in pairs. 4 major pairs traded are EUR/USD, USD/JPY, GBP/USD and CHF/USD. Cross currencies are also traded. Pairs like EUR/JPY, EUR/GBP, GBP/JPY…etc are called as Cross pairs. Other than these major and cross pairs, some minor pairs like AUD/USD, USD/CAD are also traded giving the trader or investor, a freedom to trade in whichever currency he/she chooses.
Other than Volume and Liquidity, Forex offers more to Traders and Investors.
· 24 Hours trading
· Commission free trading (Broker earning only from spread)
· Sell before you buy
· Margin Trading with leverage up to 400:1