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Posts by "jontrader"

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jontrader
(Texus, United States)
jontrader
Texus, United States
Posts: 0
54 days ago
Mar 3, 2017 3:55
Get Forex Training Before You Start Trading
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Trading forex may sound really complicated and scary to do but it's not. Just like anything else in live you just need to practice and understand how it works to get to know it well and make money from it. You did not know anything about your current job before you started right? You learned over time...

The Forex market is the largest financial market in the world. Trillions of dollars of currency is traded everyday and it operates 24 hours a day and just about seven days a week, therefore making it the most liquid market in the world.

This very liquid market is very unique compared to other financial market like stocks or properties etc. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade whenever you want regardless of the local time as somewhere on the planet at any given time a market is open and currencies are being speculated against each other.

In the past, trading was only offered to large financial institutions, like banks and, it was only offered to large companies, multi-national corporations and large currency dealers, however, in the late 90s, this market was was made available to individual traders and small businesses with the advent of the Internet. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the market and trading has become one of the best ways to make money from home.

It is very important for you, as a beginner trader, to have the proper knowledge and education on how to trade in the Forex market as you can lose large sums of money if you make uneducated and rash decisions whilst trading. There are thousands of websites in the Internet that offers Forex education, the best ones will offer live training and coaching with some sort of mentorship program as you will have a lot of questions about trading before you can make decisions on your own.

To get started in trading, all you need is a computer with a high speed reliable Internet connection, a funded Forex account with a broker, an electronic trading or charting platform and a trading system. These four simple things are enough to get you started in Forex trading and are easily obtainable on the Internet.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. Most trading platforms have charts incorporated to assist you with your trade decisions. Charts offer a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies on. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Once again you will find many resources on the Internet that will teach you the basics of interpreting charts. How you use that knowledge and apply it is what differentiates the successful traders from the failures.

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jontrader
Texus, United States
Posts: 0
57 days ago
Feb 28, 2017 6:51
:::::Learn How You Can Make Money Trading the Forex Market:::::


There are many options you can use to make money in the forex market. This discussion makes sure that you are considering all your options when looking at Forex Trading as a money making opportunity. After all, the main purpose of Forex Trading is to make money.

There are so many forex traders that follow a particular way of forex trading and in the end don't succeed in the main goal of making money. This is because their ego, pride and determination to succeed at a particular method has the effect of blinding them to other forex trading money making opportunities. Let's look at these Forex trading money making opportunities in more detail.

Option 1:- The self trader is someone who generally develops a personal money making trading method. This is done by doing a few forex trading courses, reading a few trading books, experimenting with a number of trading techniques, demo trading and live trading until a personal money making trading style is found. This is a long and challenging process and it can take years to get there. It is estimated that only 3 ' 5% of serious traders succeed in making money. This is worthwhile as once you have achieved this you have a money making skill for the rest of your life. Unfortunately this route can take considerable time and effort to make real money.

Option 2:- With the growth of part time traders (who mainly have day jobs) an alternative to the above forex trading money making approach has become very popular. Money can be made by buying a forex trading system that has been tested and proven. The system is either delivered as a live course, as a book or Ebook or even purpose built software. The idea is to then merely follow the rules of the system by the letter. Although not entirely for novice traders this approach has the benefit using such a system is that it may have been thoroughly tested and proven and could cut years off the option 1 alternative. Some of the programmed money making forex trading strategies (for example expert advisors) can even be linked to your dealing station automating the whole forex trading money making process completely.

Option 3:Make use of a good Forex alert or signal service and copy their recommendations. Make sure that these services have a good record of consistent money making. Transactions can be found by using electronic trading rooms which trade in a live environment. Alertnatively deals can be received using SMS signals, emails or by gaining access to a password protected members only website. You would then "blindly" copy all the signals or alerts into your broker dealing station and hopefully make lots of money from that.

Option 4:- Delegate the forex trading money making process completely by giving your money to a Forex trading money manager who will trade it for you.

All the money making options above carry considerable risk if not performed in a careful and in a thorough way. Many Forex traders are caught in Option 1. They do not consider other great money making opportunities available to them. If you fall in this catagory consider all the options open to you. The other alternatives could be less stressful and emore profitable.

If you are new to Forex Trading be aware and investigate all the Forex money making opportunities, because there are many if you are prepared to do your homework finding them.

There will be follow-on articles going into the above options in greater detail. These will be featured in this directory. Make sure you do not miss them.

Get Best Forex Service:https://goo.gl/l07GUq

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jontrader
Texus, United States
Posts: 0
59 days ago
Feb 26, 2017 15:09
In Thread: CHF
(((((((Understanding the Basics of Forex Trading)))))))

With the advent of globalization and communication technology, traders now enjoy the ability to profit across all countries and economies. Regardless if you are a trader sitting in New York or Shanghai, you can grow your portfolio by capitalizing upon the Forex trading of the Japanese Yen or the Indian Rupee.

Subsequently, the foreign currency exchange, also known as Forex trading, has grown to be the largest financial market - with over 3 trillion US dollars traded each day. Most of this Forex market is traded by private investors and traders, who see the ripe opportunities that exist in Forex trading.

The basics of the Forex trading market - The Forex trading market operates 24 hours a day, allowing traders to capitalize upon profit opportunities throughout the world. Whether by telephone or the internet, the Forex trading market is constantly connected, affording currency traders the ability to seize profitable trades, regardless of their local time zones, market hours, or country boundaries.

The foreign currency trading market is commonly referred to as the interbank market. Forex trading involves the buying of one currency and the selling of another. The particular currency combination is referred to as a cross (for example, the Euro/GB Pound, or the US Dollar/Japanese Yen.).

Types of Forex trading strategies - The largest volume of trades occurs in what is called a spot market. It is referred to as the spot market because trades are instantaneously settled, or "on the spot."

Another type of trade using Forex trading strategies involves "forward outbreaks." Although the trade itself is carried out immediately, settlement on the value date involves a small interest rate calculation which is usually insignificant, unless the position is held for a long time. The interest rate differential varies based on the currencies traded. This differential in interest rates between the two countries involved can produce a positive or a negative differential, which is calculated and added to your account.

Increasing your Forex trading power - Because Forex trading is done on margin, the amount of assets controlled is far greater than the funds in an account. As fluctuations in currency exchange rates on any particular day are small, the fact that trading is done on margin allows for profitable Forex trading strategies. None the less, it should be noted that trading on margin can greatly increases your risks. Because of this aspect, any new investor should thoroughly learn Forex trading through Forex courses.

The Benefits of Forex trading - Forex trading offers multiple advantages to other financial investment markets. One of the principal advantages is the fact that trading occurs around the clock, allowing the investor with the appropriate Forex trading strategies to immediately take advantage of opportunities. The Forex market is the most liquid in the world, allowing for price stability and narrow spreads.

Since currency exchange rates are always changing, Forex trading opportunities are continuous, regardless of which direction the currency is moving.

The interbank market is also often traded without commissions, which makes it attractive to an investor who wants to trade frequently. However, for ease of transaction, Forex trading also occurs on futures exchanges.

However, as with all currency trading strategies, there is no reward without some risk. Any investor contemplating foreign currency trading should thoroughly learn Forex trading utilizing studying Forex exchange courses before implementing their Forex trading strategy.

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jontrader
Texus, United States
Posts: 0
2 months ago
Feb 23, 2017 13:11
In Thread: USD
You can make money buying and selling the same currencies at the same time. We are now coming to the heart of how to make money using the no stop, hedged, forex trading strategy. In the previous articles in this series we discussed trading without stops, not being concerned about which way the price goes and places to cash in on profitable trades. We are now going to explain how it is possible to make money buying and selling at the same time using the grid structure.

One should always be able to cash in at a gain no matter which way the market moves when trading the no stop, hedged grid trading system. The only way this is logically possible is that one would have a buy and a sell transaction active at the same time. This sounds like trading suicide to most traders but let's take a closer look.

Let's assume that a forex trader starts trading with a sell (sell 1) and a buy (buy 1) when the price is at a level of say 1.0100. The price then moves to level 1.0200. The buy transaction will then show a gain of 100 pips. The sell will be negative by 100 pips. At this stage we would close our positive transacion and add 100 pips to our account. The sell is now however carrying a loss of -100 pips. The grid system requires one to make sure that the trader can cash in on any movement in the market. To do this one would again enter into a sell (sell 2) and a buy (buy 2) deal at this level (level 1.0200).

Now for convenience let's assume that the price moves back to level 1.0100 (the starting point).

The second sell (sell 2) has now gone positive by 100 pips and the second buy (buy 2) is carrying a loss of -100 pips. According to the rule of cashing in positive deals at grid levels you would close the sell (sell 2) at a gain of 100 pips which you can now add to your account. This makes the total cashed in at this point 200 pips (sell 2 and buy 1). Now the first sell that remained active has moved from level 1.0200 where it was -100 to level 1.0100 where it is now breaking even.

The four Forex trading deals now magically show a gain when added together:- 1st buy (buy 1) cashed in +100, 2nd sell (sell 2) cashed in +100, 1st sell (sell 1) now breaking even and the 2nd buy (buy 2) is -100. The gives a total profit of 100 pips. We can own cash in all our deals and celebrate as we have made a profit of 100 pips.

Please make sure that you are comfortable with the above calculations. You may have to reread and draw the movements on a piece of paper to make sure you understand the concept.

This formation is the 100% retracement formation where the price moves up to a grid level and then returns back to the starting grid level and results in a nice gain for the forex trader. There are many other market movements that turn this strange "buy and sell at the same time" activity into gains. The next article will cover the 50% retracement formation which produces the same amount of profit.

There will be much more on the no stop, hedged grid trading system in future articles in this directory. Don't miss them.