The FOREX or Foreign Exchange Market is the market where we are dealing with currency parities.

Example: EURO against the dollar, or more commonly known as EUR / USD. It is therefore beside the value of one euro in dollars.

In our example, the EURO is the base currency, the dollar is the currency that generates your more or less value for your trades. In short, you buy or sell the EUR / USD, you win or lose dollars. At the closing of the position, more or less this value is then converted to base currency of your account at the market.

Parities Forex evolve as new economies of the two currencies involved in the parity. For the EUR / USD will therefore monitor all the economic news of the euro area, as well as those of the United States. Each new economic prévisionnée, a new and better than its forecast generally increase its currency. So if a new sort EURO, EUR / USD and appreciate good news sort USD, EUR / USD will depreciate.

However, keep in mind that a good new EURO can devalue the EUR / USD, where the news was widely anticipated (most often at the rate of change of central banks), or again that new USD grows stronger dollar on the rise, because even better.

The FOREX is a market that lends itself well to technical analysis. Indeed, when no new leaves, the market will most likely his last (which is why the FOREX market is also called trend), often forming very beautiful figures Chartists. The figure found on the FOREX is the channel (bullish or bearish), since it is mostly in trend, with corrections.

The FOREX market is ultra fluid. The daily volume now exceeds 2,000 billion dollars. There is therefore no problem of return (especially since your broker is your return guarantee). This volume ammené exchange is to increase day by day, since today, it is very easy to handle on the FOREX, through brokers and internet trading platform. The more so that all brokers offer their clients to leverage the deal.

The FOREX market is not a really volatile. The average daily volatility of parity is around 1.5%. The FOREX is made volatile by the leverage effect. Indeed, if we take the example of an individual investing 10,000 euros with leverage of up to 500, it can be processed on the FOREX for 5000000 EURO. Such a position on the EUR / USD for example generate variations on balance more or less 500 USD per pip. So with a level of EUR / USD at 1.4000, a simple change of 28 pips in the wrong direction, he would lose everything he has on his account. (conversely, in 28 pips, it doubles its capital …)

The Best Forex Automated Trading Robot is Fap Turbo





By: Anil Kumar Raju Addipalli

In the Forex market, it is possible to make money by buying and selling currencies. To understand how to make money trading Forex, some basics of the forex market need to be understood. The Forex market is very similar to a stock market; the mechanics involved in Forex trade are very much comparable to those in the stock trading field. The objective of Forex trading is exchanging one currency for another in anticipation that price will raise, so that the currency bought will be at a higher value compared to the currency sold. Every two currencies involved in the trade are known as currency pairs.

It is easy to pick up how to make money trading forex if the investor is already familiar with stock trading. An exchange rate in the Forex trade is the ratio of the value of one currency with respect to another. For instance, USD/JPY exchange rate means how many US dollars can buy one Japanese Yen or vice versa.

It is essential to learn how to read a Forex quote to know how to make money trading forex. Currencies are quoted as pairs like USD/EUR or USD/GBP. This is because every forex transaction involves two currencies – buying one currency while selling another.

If a quote is given as GBP/USD = 1.5:

· The currency given first before the slash (/) is the Base currency

· The one to the right of the slash is the Counter or Quote currency.

One more terminology to understand how to make money trading Forex is Long/ Short. If an investor wants to buy, he has to wait for the base currency value to increase so that it can be sold at a higher price. In Forex trade jargon, it is called taking a ‘long position’. When investor wants to sell, the base currency value has to reduce so that it can be bought back at a lower price. This is known as taking a ‘short position’.

Forex robot is software that acts as a personal expert advisor in Forex trading. Their algorithms are built to pick the best currency pairs to trade and the right time for trading. All the user needs to do is set up a trade account and adjust parameters like currency, profit limit, stop loss limit etc. The Robot can be made to carry on trading 24 hours for five days a week when the Forex market is active.

Want to take the guesswork out of Forex trades? Read this detailed review on the most popular and profitable forex trading robots that are making successful trades on autopilot for their traders at http://automated-forex-software.com/best-forex-trading-software-products.html

 





By: Allisson Wood

Do you think that forex trading is easy or difficult? If you are like most people, you would feel that forex trading is a risky and difficult financial game.

If you think it this way, how can a game with only two options (buy and sell) be so difficult?

It has lesser commands than your typical Xbox360 game! The reasons why most traders can keep losing money are that they are not following the simple rules that have made the top traders so rich. Now learn to trade forex with these 5 simple and powerful trading rules that the top traders use.

1. Obey the trend or else they will kill you

People say that trends are friends. Well, I would say trends are like wave of tsunami that sweeps anyone away who goes against it. Do not try to trade against trend or you will surely get killed.

Trends are so powerful because they are directed by the majority of the traders. They all have the same opinion where the prices should go. So learn to trade forex by following the trend. It will greatly improve your net profits in the long term.

2. Stick to your trading plan and embed it into your DNA

If trend is like a tsunami wave, a trading plan would be the actions to get you out safety and profitably.

Most traders get confused in the trading market due to the zig zag manner in how the prices move. These are noises in the market and will often interfere with your emotions to trade properly. In this kind of situation, you need to follow your trading plan to keep calm.  Learn to trade forex like a robot who only follows the trading plan.

3. Trade with the money you simply do not care

Money is the holy idol of many people. Nothing wrong about that but the temporary loss and gain of it during trading will constantly affect you to trade properly.

If you are having this problem, treat your money as a business inventory instead. It is simply an expendable business inventory that you have to sacrifice to make you more money.In order to do that, you should allocate money that you can afford to lose without any pain. Learn to trade forex without any pain and then you can follow your trading plan faithfully!

4. Trade the currencies that is world is looking

Noise is a killer in forex trading. It causes traders to exit or enter at the wrong time. The noise level in thin currencies is the worse. Big traders can manipulate the currencies easily to hit your stoploss before continuing your intended direction.

We do not want to put ourselves in difficult spot so we only trade the major currencies. These currencies are traded by most the forex traders in the world and thus they follow a steady trend.

Learn to trade forex using the big 5 currencies only: USD/EUR, USD/JPY, USD/GBD, USD/CHF, and EUR/JPY. They have high liquidity as they are traded by the majority of the traders.

5. Make Forex dull and professional

Make forex trading another dull routine of yours. Every day you simply fulfill this routine by following your trading plan.

Excitement and any kind of emotions do not make you any money. They are merely making you ineffective in trading. If you are trading with the money you can lose without any pain, there is absolutely nothing in forex trading that can cause your emotions to go wild.

Once you learn to trade forex without any emotions, the sky is the limit to how wealthy you can be.





By: Mike

I am new to the forex market and am looking for a good trading system that actually works. Can someone point me in the right direction please?

8 EASY STEPS TO FOREX TRADING SUCCESS

1) There are basic steps to master when first beginning Forex Trading. Many different issues come into play when implementing successful Forex Trading strategies.

2) Of course, conducting your very own Forex Trading program can be very lucrative and is the best home-based business there is.

3) Now, let’s explore some of the important parts of a solid Forex Trading Simplified plan.

Here you will learn what Forex is and what it will do for you. To begin, you need to understand the meaning of the term “Forex”. It means FOReign EXchange market. This is the international foreign currency exchange market where all types of currencies are bought and sold. The Forex market started in the late 1960’s when floating currencies and free exchange rates were first introduced worldwide. At that time, the Forex market traders were the only players in the market. They alone decided on the value of one type of currency against another. All solely based upon a particular currency’s supply and demand.

The Forex market is very different for several reasons. This is one of the very few markets that is free from any external controls and cannot be manipulated. It also requires little or no trading qualifications. There is no doubt it is the largest worldwide financial market. In 2007 worldwide trading reached 2 trillion US$. The money moves around so fast it is not possible for a single trader to make any major change that would affect the price of any international currency. Also, unlike Stocks, Forex traders are able to open and close their positions all within seconds. This is due to the fact that there is always a large number of willing and eager buyers and sellers.

STEP 1 FINDING A FOREX TRADING STRATEGY THAT WORKS WITH MINIMUM OR NO LOSSES

To be really successful in Forex Trading you must use your own trading strategy. Some traders rely only on technical analysis; others will prefer a more fundamental approach. It should be noted here that most successful traders use some form of available and automated trading software to maximize trading opportunities and minimize excessive time in front of a monitor.

It is necessary to have a trading strategy that gives you an “edge” in your trading the market, discipline to use it, and solid money management. See if you can answer below questions:

1. Do you have a special trading advantage/skill..?? What is it..?? If you don’t know, then you don’t have an advantage or special knowledge.

2. Consider your discipline……do you really follow your trading strategy without fail, even after two successive losing trades..?? Or, do you simply drop the strategy and move on to the next one..??

3. Consider your money management: are you allocating an appropriate fund amount and also controlling the amount of risk on each trade..??

Almost all traders fail because they cannot answer “Yes” to all three questions. The secret to obtaining the discipline needed to be a winner is to have a strategy that provides a winning edge, includes sound money management practices and is simple to use.

Any trading programs that you use should be completely automated, not require extensive technical knowledge, and NOT require sitting in front of a PC monitor all day as most software programs do. I have found a few, very few, software trading programs out there that meet this requirement and really do work.

STEP 2 TRENDS

You must understand that Forex market prices always move by trends. In fact, there are certain movements that have been studied over several years to identify these trend patterns. Such trends must be understood in order to have a good trading strategy. For any account of US$ 20,000 and under, trading with a specific trend understanding will maximize your odds of making a profit. A lot of new traders seek to trade in all different directions at the same time when they should be focusing on more simple trend patterns.

STEP 3 TRADING ACCOUNT SIZE TO USE

There is not one single right answer to this question. To start with, you should only use trade funds that you can afford to lose. Forex brokers allow you to trade standard and/or mini lots. The margin depends on the pair you are trading. For a standard lot it is around $1,000 and for a mini lot it is around $200. Technically, you could open an account with $400 and trade 2 mini lots. Obviously, you would be violating your basic risk management rules and most likely would end up losing your “grubstake”.

You must never risk more than 2% of your account size on any one trade. Therefore, if you take out 1 mini lot and risk 50 pips, that would be approx $50 of trade risk (assuming a US dollar counter currency pair). In other words, you must have an account size of at least $2,500 ($2,500 x 2% = $50) to take out that specific trade without violating your risk management rules.

STEP 4 TOP FOREX PAIRS TO TRADE

Not all Forex pairs are suitable for trading. We need to find liquid markets that have enough price movement to make a trade worthwhile.

The following pairs are the most universally traded, are the most liquid pairs, and the only ones that I would even consider trading. They are not listed in any particular order:

GBP/USD – British Pound Sterling/US$ EUR/USD – Euro/US$ USD/JPY – US$/Japan Yen USD/CAD – US$/Canadian Dollar USD/CHF – US$/Swiss Franc

In fact, to further ease your Forex trading, you should limit your trading to the two most liquid and widely traded pairs: GBP/USD EUR/USD Following this recommendation alone will really reduce demands on your trading time without giving away any profit potential.

STEP 5 BROKER ACCOUNT OPENING

To open a Forex account, you simply fill out a broker application and provide the necessary ID. The application likely will include a margin agreement stating that the broker will be allowed to intervene in any trade which appears to be risky.

This agreement is made to protect the broker’s margin interests since trading is done with the broker’s funds. However, it is strongly advised that you establish an account and fund it 100% and never use any margin provisions.

STEP 6 HAVE TWO ACCOUNTS

For new Forex traders it is highly recommended to have two accounts; One as a demo account and another as your “live account. Use the demo account to learn the trading game and to test the best alternative market moves. Also, use a demo account to follow your “live” account trades so you can determine if you need to make any corrections or trade changes.

STEP 7 CHART REVIEWS

This is critical. always review the One Hour – Four Hour – and Daily charts that pertain to your specific trade setup to determine actual status and any movements. Some traders also trade at 15 and 30 minute time intervals. However, this requires some experience and is not recommended for new Forex traders.

STEP 8 FINALLY UNCOVER THE BIG MONEY OPPORTUNITIES WITH FOREX TRADING

In most cases, Forex markets are just like any other liquid markets such as stocks, bonds, or commodities. However, there is one major difference with the Forex markets. That is the trends are stronger and longer lasting and occur much more frequently than do trends in other markets.

It is quite common for a Forex pair to begin a new trend that will last for many weeks and sometimes months. I refer to these events as the “Forex Major Event”. When you combine these Major Event trends along with the ability to leverage a small account, this is where you can find the favorable opportunities trading Forex. Major Event trends have been known to often give 300 to 800 pip ranges. Now, those are really and truly BIG money opportunities.

In conclusion, Forex Trading success requires an understanding of: trading strategy, trends, account size to use, best Forex pairs to trade, etc. To ensure your trading success it is critical that you stay with a trading plan and treat it as a business. You need to always track your results and make necessary changes and improvements as you progress.

It should be noted that several additional and important Forex issues have been finally uncovered, however, they could not be covered in the short space given here.





By: Dr Tom Moyer

I’m looking for a forex trading robot that makes money on automatic trade consistently.
What is one good profitable forex automated robot?
Thanks all.

To many web users, PayPal is not the kind of pal they had envisioned when starting their online business. Long on track history but overwhelmingly unpopular among merchants and buyers one is left to wonder why PayPal has continued to grow.

Ignorance and lack of knowledge has a lot to do with PayPal’s growth. Many merchants are not aware of the potential problems they can encounter depending solely on PayPal for their online payment processing. That is, until they encounter potential customers that won’t use PayPal to purchase their products or services. Or worse, they have their PayPal merchant account suspended and funds frozen without notice, effectively shutting down their business.

If you really want to get some idea as to the depth of PayPal’s unpopularity, you need only to do a search on Google. Type in “PayPal Complaints” and click enter and see what happens. Over 335,000 results and still counting. No other online merchant processor comes close to having this many dissatisfied customers.

‘Phishing’ is another reason many customers and potential customers are steering clear of PayPal. Not that PayPal is doing the ‘Phishing’, but they are certainly not making a big enough effort to stop it. And why should they? They are not ‘Phishing’ and they are not losing money. Only the customer is. Virtually 100% of online ‘Phishing’ associated with merchant accounts is done using the PayPal name. And even seasoned web users are being scammed by this technique.

Customers can eliminate most, if not all, of the ‘Phishing’ associated with online purchasing by simply using a different service. It is that simple! And there are plenty of good alternatives to PayPal out there that are hungry for your business. None are as big as PayPal and few have been around as long as PayPal. But they are reputable and offer a wide variety of services. And you most likely will never receive any ‘Phishing’ messages using their names.

So make the change now, before it is too late. Our advice is to avoid PayPal if at all possible. And we also would advise you to offer two different online payment options, with at least one providing you with the ability to accept payments by check.

Following, you will find the most complete listing relating to online payment options. Brief outlines are meant only to give you an idea of what they have to offer. We would suggest taking the time to visit each site. Your customers will thank you. And you will most likely eliminate a lot of headaches in the process.

2CheckOut 2CheckOut has been offering its services since 1999. 2CheckOut charges $49.00 to open an account with transaction fees of 5.5% plus 45 cents. It does not charge an application fee nor does it impose any monthly or statement fees. http://www.2CheckOut.com

BidPay BidPay has been in business since 1999 and offers services intended for those that buy and sell at online auctions. Sellers receive payments directly to their bank or via Western Union® branded money orders. http://www.BidPay.com

BitPass No set-up or maintenance fees for self-installed product. Fees for BitPass Professional range from 15% for items priced $0.01-$5.00 up to 5% + $0.50 for items priced $5.00 and higher. BitPass provides a platform for digital content commerce that bundles authentication, payment, and access control. BitPass enables a la carte and subscription-based purchases at any price point, starting at just one cent. Digital content can be Downloads – Music files, stock photography, games, software, movies, mobile content, crafts; Website Access – Premium website content, Interactive games, subscription sites, online comics, blogs, interactive panoramic photography; Streaming Media – internet radio, concerts, webisodes, movies; and Services – premium database searches, web hosting services, webinars, premium customer support, interactive learning and testing. https://www.bitpass.com

CCNow CCNow is the perfect low cost solution to selling your products online. With CCNow, you’ll avoid the up-front expense and time required to set up e-commerce software, merchant accounts, customer service and more. CCNow is a shopping cart system that will allow you to take all major credit cards without the need of a merchant account. http://www.CCNow.com

ClickBank If you have a unique product or service to sell, and it is deliverable over the Internet itself (via web pages, files, or email) then ClickBank is for you. They have 100,000 affiliates ready to promote your product. There is a one-time set-up fee of $50.00. Transactions are $1.00 plus 7.5%. http://www.ClickBank.com

DigiBuy Using DigiBuy’s ecommerce service, you can quickly and inexpensively build a secure shopping cart to merchandise your products, take orders online, process payments, and distribute digital products over the Internet. Transaction fee is 13.9% with a $3.00 minimum. http://www.DigiBuy.com

Ibill In business since 2002, Ibill is perfect for merchants that sell services and subscriptions. Merchants can accept payments online by credit card, check, and phone. Has numerous fee schedules but the most common is for businesses that sell up to $9,999.00 in a billing cycle. That charge is 15.19%. http://www.ibill.com

Ikobo This is a money transfer service that has been providing services since 2001. No application fee or set-up fees and transaction fees range from $1.99 – $2.99 plus 29 cents. Payments that are received are deposited to your Ikobo Visa Debit Card or your bank account. http://www.IKobo.com

Moneybookers Ltd. Moneybookers enables any business or consumer with an email address to securely and cost-effectively send and receive payments online – in real-time! Moneybookers delivers a product ideally suited for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms. Does not charge for set-up or applying and has no monthly fee. Transaction fees range from 2% – 8%, depending on how payments are made. http://moneybookers.com

MonPay Monpay has been doing business since 2003. With it, you can sell products and services on web sites, auctions, and even by email. It does not charge for set-up or applying and has no monthly or hidden fees. Transaction fees for checks or credit cards are 2.95% plus 55 cents. http://www.monpay.com/

PayMate Claims it is the fastest and safest global trading service on the Internet. It has no set-up fees, gateway fees, etc. Has a very high User Satisfaction and continues to add new improvements on a regular basis. Transaction fees for credit card payments are charged at 2.4%. Please visit their web site for more information on transaction fees. http://www.paymate.com.au

PaySat With PaySat you can sell your products/services Online and enjoy such features as: International Merchants Accepted; Instant Application Approval; Product and Recurring Billing; Easy To Use Plug-N-Play Code; Flat Low Rates; No Set-up Fee; Multi domain/brand support; and Intelligent Fraud Detection System. PaySat is only in its 2nd year of operation but has a pretty good reputation. Transaction fees are 5.3% plus 39 cents. http://www.paysat.com

Paystone Great service that started in 2002. Free to open an account with instant approval. Fees to receive payments range from 2.8% + $0.10 for micropayments to 2.8% + $0.30 for transactions over $5.00. There are no set-up or monthly fees. http://www.paystone.com

PaySystems PaySystems Internet Merchant Account Solution is designed to meet the specific needs of Internet and mail/telephone order merchants. Available for U.S. and European-based businesses, the PaySystems Internet Merchant Account Solution allows merchants to expand their payment options, increase sales and focus their management efforts on growing their business. PaySystems has no application fees and no merchant account set-up fees. Offers highly competitive rates on transaction fees but you must contact them using their online form at http://eforms.paysystems.com/ps/info/ for more information. http://www.paysystems.com

ProPay USA With ProPay, merchants can accept payments by credit card on the Internet and by phone. There is no expensive equipment, no statement / gateway fees and no long term contracts to use their service. Annual fees range from $34.95 – $299.95 with transaction fees ranging from 3.50% plus $0.35 to 2.69% plus $0.25, depending on the type of account you desire. http://www.ProPay.com

RegNow RegNow is the software industry’s premier registration commerce provider. RegNow makes running a successful online shareware or software publisher business easy by putting a highly advanced platform, customizable technology and powerful resources right at your fingertips. No charge to apply but there is a one-time account activation fee of$9.95 and transaction fee is 16% with a $2.00 minimum charge. http://www.regnow.com/

RegSoft.com In business since 1998, RegSoft.com provides an easy system for users to pay for software and data licensing fees by providing a variety of payment methods. There is a one-time set-up fee of $50.00 and transactions are processed at 8.9% with a $3 minimum. http://www.regsoft.com

share-it! share-it! is used by over 30,000 Software Publishers for their e-Commerce Solution. share-it! works on a commission basis. In other words, after licensing your program, they retain a service charge of either USD/EUR* 2.95 + 5% (Pricing Model A) or 14.9% but no less than USD/EUR* 2.50 (Pricing Model B) and ) and forward the remaining amount to you. http://www.shareit.com

StormPay A very good service which has been around since 2002. Free to open an account with instant approval. Fees to receive payments are 6.9% plus 69 cents. There are no set-up or monthly fees. https://www.stormpay.com

SWREG SWREG, the oldest online software store in the world, has been in existence since 1987. All their prices include credit card processing on their merchant account. Technically, you sell to SWREG on consignment and they sell on to the end user. SWREG accepts Micro Payments for 69 cents for items to $7 in value. Default discount is $1 + 6% with a minimum fee of $1.50 (2% surcharge for American Express). This account will be charged a $20 monthly fee with the first payment to you each month made with no transmission costs (free wire for instance). Visit http://www.swreg.org/pages/pricing.htm for complete pricing information. http://www.swreg.org

YowCow YowCow is a new company that offers online processing and a 5-level deep affiliate program. No merchant account is needed and you can begin selling today with no monthly fees and a free shopping cart. Has numerous account plans available. Please visit http://www.yowcow.com/yowcow.php?module=pricing for in-depth information. http://www.yowcow.com

Other Options Worth A Look:

Cardservice International at http://www.charge-it-now.com Charge.Com at http://www.charge.com/index.shtml Credit Card Processing Services at http://www.mcvisa.com Free-Merchant.com at http://www.free-merchant.com Free Merchant Source at http://www.freemerchantsource.com e-gold at http://www.e-gold.com GreenZap at http://www.greenzap.com/default.asp IntGold at http://intgold.com Merchant Warehouse at http://www.merchantwarehouse.com Peppercoin at http://corp.peppercoin.com Total Payment Solutions at http://www.totalpaymentsolutions.com VirtualBank at http://www.virtualbank.com

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By: Drew Michael

Please can anyone tell me how to start trading Forex, and if it’s possible to stsrt with a little amount. Would also like to know about trading from my home (I live in Africa). Will be glad to receive any answer.

In the forex markets, it is important to understand the nature of the currencies you are trading. It is worth knowing the characteristics of the currency pairs, since each of them exhibit distinct identities. There is a fact that most of the currencies might exhibit similar movement patterns, which can help a trader confirm price movements. Trader can look at two pairs of currencies that have almost similar or completely opposite price movement patterns to get better predictions. Let take an example of the close relation between the EUR/USD & USD/CHF.

The price movements of these two currency pairs are absolute mirror images. In short, they have an inverse relationship. If EUR/USD is rallying, then USD/CHF should have downward movement, and vice-versa.

How can traders take advantage of this? The most obvious fact is that one must not trade both the currencies at the same time. If one is long the EUR/USD, logically one should not be long the USD/CHF at the same time, since the USD/CHF would have a downward movement.

Neither is it wise to take opposing trades on these two pairs, because if the trade goes wrong, then the trader would incur losses in both the trades (although the trader also might have double profit if the trade goes right, but anyway, in forex trading, we focus on how to not get loss first).

Ideally, one should trade either of the two pairs. The best way to take advantage of this fact is to cross-check a trade by looking for confirmation factors on the other pair. If a trader is planning to take a long position in the EUR/USD, he can look for a similar short setup on the USD/CHF. If such an opposite setup is present in the USD/CHF, it only adds further credence to his long EUR/USD trade. It is just a check.

There are other currency pairs also which exhibit a close relation. This fact serves as a good rule of thumb to estimate the movement of the particular currency. Thus it is worth studying these relationships to gain a higher edge in the market. As you know, sometimes a basic knowledge can also serve as a turning point between failure and success.

Visit his site http://www.profitguideforex.com/ for more details





By: David Chia

Noi’ xa^u’ vo*.



By: erikdran